The Biggest Financial Bubble in World History
Show notes
Doug Casey joins Matt Smith from Buenos Aires for a round of viewer questions, after they start on Jensen Huang's ouster as CEO of Nvidia. Matt thinks it looks like a coup by people who want AI kept closed source, and Doug points to Nvidia lending money to companies so they can buy its chips. With the Anthropic IPO reportedly six times oversubscribed, Doug says AI is "not just a bubble, it's a super bubble," the biggest financial bubble in world history. Then the questions: whether the unrest in France is socialism or capitalism out of control (Doug says capitalism doesn't exist anywhere today, and what passes for it is fascism), whether the Republicans wanted to lose the midterms, what a ban on US diesel exports would mean for South America, what a gold revaluation would do to silver and platinum, Charles Schwab's crypto service and whether there's any safe place left to hold crypto, banking outside the US, the Canadian dollar against the US dollar, and whether conservatives owe the Trump haters an apology. Matt has a new word for Trump: mythomaniac. They finish with Canada and the EU, residency in Panama, the Mexican stock market, where a European civil war might start, and the best airlines and hotels.
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00:00 Jensen Huang Out At Nvidia
02:55 Why Keep It Quiet?
03:44 It Looks Like A Coup
04:35 The Anthropic IPO
04:52 Not Just A Bubble, A Super Bubble
06:31 Unrest In France
09:11 Did Republicans Want To Lose?
10:43 A Giant Casino
11:24 Emotional Intelligence
13:01 A Ban On US Diesel Exports
15:38 Gold Revaluation, Silver And Platinum
17:46 Platinum Is A Supply Story
19:41 Gold Refining
20:03 Schwab, Binance And Crypto Storage
21:34 Nothing Can Be Trusted
23:51 Doug's Languages
25:02 Banking Outside The US
26:48 Canadian Dollar Or US Dollar
28:46 Countries Without A Central Bank
31:03 Do We Owe The Left An Apology?
34:20 Trump The Mythomaniac
35:34 Immigration And The 60 Minutes Interview
37:09 Canada And The EU
38:28 Residency In Panama
42:10 The Mexican Stock Market
43:31 Civil War In Europe
45:07 The Best Airlines
47:01 Hotels
48:35 Riding The Rails
50:15 Wrap Up