Doug Casey's Take

Find us at www.crisisinvesting.com Matt and Doug discuss the proliferation of U.S. holidays, including Juneteenth and Martin Luther King Day, before turning to the opening of Obama's presidential library and Trump's competing, highly theatrical library renderings, comparing modern presidential libraries to pyramids and noting Biden's reported difficulty raising funds. They debate Trump's showmanship around his birthday and a ceasefire/peace deal they expect won't hold, citing Iran's improved position, unresolved issues, disrupted shipping in the Strait of Hormuz, and risks to oil prices. They then address Ukraine's drone attacks on Moscow and concerns about an escalating, lingering war. Doug shares his positioning in gold miners, energy, uranium, and a corn ETF, answers subscriber questions on filmmaking/royalties, the FIFA World Cup and U.S. border hassles, trade blocs like Mercosur/EU, recommended books, and impressions of Malaysia and Penang. 00:00 Holiday Overload Debate 01:06 Which Holidays Matter 02:24 Equinoxes and Global Days Off 03:25 Juneteenth and Identity Politics 05:08 Obama Library Obamalisk 06:55 Trump Library Renderings 09:38 Pyramids and Presidential Tombs 11:31 Biden Library Money Trouble 14:25 Trump Birthday Peace Deal 15:13 Hormuz Oil and Ceasefire Doubts 18:02 Ukraine Drone War Escalation 20:02 War Escalation Risks 21:01 Ceasefire Won't Hold 22:13 Crisis Investing Plays 23:34 Corn ETF Thesis 25:47 Film Investing Reality 29:55 FIFA World Cup Fallout 34:23 Trade Blocs Skepticism 36:19 Five Books To Read 38:56 Malaysia And Penang 41:35 Weekend Signoff

Matt and Doug discuss SpaceX's IPO jumping from 135 to about 171 a share and compare the frenzy to the dotcom era, noting its importance for broader market sentiment and Elon Musk's reported trillionaire status. They mention reading Peter Thiel's Zero to One, then pivot to extreme bearish sentiment in gold miners (a bullish index falling from 100 in January to 0 on June 10) and argue this may be a buying opportunity, alongside unloved oil despite ongoing Strait of Hormuz disruptions and prices around $80 WTI/$84 Brent. They cover rising inflation (CPI 4.2%), skepticism about official numbers, and expectations for new Fed chair Kevin Warsh. Subscriber questions include Costa Rica as a destination, tokenized gold's practicality and redeemability, whether to short markets, Ebola risk to Ivanhoe Mines, China's reduced oil imports, distrust of Howard Lutnick/Trump-linked trading dynamics, and whether humanoid robotics could extend the AI bull run. 00:00 SpaceX IPO Buzz 01:46 Thiel Book Talk 04:29 Trillion Dollar Math 06:24 Gold Miners Capitulation 09:26 Inflation Fed Outlook 12:47 Paper Fantasy Economy 16:07 Costa Rica Expat Reality 18:38 Central America Picks 20:17 Tokenized Gold Idea 21:07 Tokenized Gold Doubts 21:39 Swiss Gold Token Update 23:43 Shorting Market Timing 25:33 Ivanhoe Ebola Risk 28:36 Oil Prices and China 34:56 Stablecoins and Power Players 37:51 Epstein Files Speculation 39:04 Robots and AI Bubble 41:18 Trump Tweets and Markets 44:13 Weekend Sign Off

Find us at www.crisisinvesting.com Matt and Doug open with a light discussion about June holidays, local attitudes toward Pride Month in Virginia, and Trump's unusual AI-style memes, then shift into subscriber questions. Doug explains his cautious stance on sizing into cheap junior mining and gold stocks while wanting more cash "dry powder" amid fears of a potential deflationary market collapse that could temporarily drag miners down too. They discuss whether nuclear weapons and modern city-targeting warfare violate the Geneva Conventions, citing WWII bombings, Korea, Iraq infrastructure attacks, and the devastation and contested casualty estimates in Gaza and southern Lebanon. Doug and Matt touch on eVTOL investing as a regulatory-heavy, early-industry space; risks from Japan rate changes, major tech IPOs, index/ETF dynamics, and speculative options; corn vs. soybeans as a fertilizer play; Doug's views on the soul as unprovable but personally plausible; why Eric Sprott's Forbes cover isn't a top signal; Interactive Brokers for Canadian exchanges; and why inheritance often harms children unless values and education are strong. 00:00 June Holiday Banter 01:12 Pride Flags and Virginia 02:08 Trump Meme Calendar 05:08 Gold Stocks and Dry Powder 08:52 Nukes and War Crimes 13:01 Gaza and Lebanon Fallout 15:22 eVTOL Investing Outlook 18:43 Japan Yen Carry and IPO Top 21:16 Corn vs Soybeans Trade 23:18 Do Souls Exist 27:09 Sprott Cover Top Signal 29:47 Broker for Canadian Stocks 30:13 Inheritance and Raising Kids 35:39 Wrap Up and Next Week

Find us at www.crisisinvesting.com Matt and Doug take subscriber questions for Crisis Investing while reacting to current events: a reported new $250 bill featuring Trump (and claims about a "gold note"), Trump imagery in passports, and the impact on Americans abroad. They discuss a raid on a CIA supervisor found with 303 kilos of gold, $20 million in cash, and luxury watches, raising concerns about CIA controls and corruption. The conversation turns to the Iran conflict and the Strait of Hormuz, arguing U.S. actions have repeatedly tightened shipping despite talk of wanting the strait open, with tolling, sanctions, and 1,500–1,700 ships reportedly stuck. They answer questions on inflation, Polymarket vs investing, how oil pricing works, what could invalidate their worldview, AI/robotics investing (favoring China/robots), OPEC weakening, skepticism on SpaceX/OpenAI/Anthropic IPOs, oil stocks and dividends, and preferred older vehicles to avoid surveillance tech. 00:00 Subscriber Q&A Setup 00:25 Trump 250 Dollar Bill 03:36 Passports and Global Backlash 05:15 Venezuela 51st State Post 07:00 CIA Gold Hoard Scandal 12:28 Iran War Fog and Losses 13:56 Hormuz Strait Toll and Sanctions 22:40 Energy Prices in Uruguay Argentina 25:38 Inflation Deficit and Collapse Risks 26:51 Betting Versus Investing 27:04 Polymarket And Market Corruption 29:03 Oil Futures Versus Physical 31:24 When The Worldview Breaks 38:12 AI Robots Real Edge 41:52 OPEC Control And Breakup 43:37 SpaceX IPO Bubble Bells 45:55 Why Own Oil Stocks 48:14 Cars Surveillance And Sweet Spot 51:09 Wrap Up And Next Week

Oil Spikes, Strait of Hormuz Disruption, and War Psychology: Doug on the Iran Conflict and Market Risk Doug and the host discuss how oil futures briefly hit $120 amid escalating conflict involving Iran, arguing markets still aren't fully pricing the risks. They call the US action an unprovoked war, stress that wartime information is unreliable, and predict a long conflict followed by a major psychological campaign to build US public support, similar to COVID-era shifts. They cite reported destruction or severe damage to expensive US assets in the Gulf, disruption fears in places like Dubai, and the Strait of Hormuz being effectively closed, taking roughly 20% of global oil supply offline and prompting early global moves like rationing and price controls. They warn government interventions can worsen economic fallout, discuss positioning in commodities (notably a corn ETF) and oil stocks, and advise Americans to "panic early," prepare for fuel/food shocks, possible cyberattacks, and broader supply-chain instability. 00:00 Market Shock and Oil Spike 00:38 Unprovoked War and Propaganda 04:10 Backlash and Free Speech Costs 07:10 Long War and Public Psyops 09:32 Gulf Escalation and Energy Crunch 13:02 Government Meddling and Trade Ideas 22:03 Global Shipping Norms Unravel 28:00 Prepare Early for Domestic Fallout 32:25 Boots on the Ground and Wrap Up

Find us at www.crisisinvesting.com Matt and Doug discuss the reported US invasion of Iran and warn it could escalate unpredictably and badly, potentially toward a wider regional conflict or even World War III. They argue information from the war zone is unreliable, but note Iran's missile/drone capabilities and the economic asymmetry of expensive US interceptors versus cheap attacks. They criticize launching strikes during negotiations, question US motives tied to Israel and long-standing regional history, and describe risks around the Strait of Hormuz for oil, gas, and fertilizer flows. They debate claims about attacks on Gulf targets, possible Israeli involvement, and confusion over downed aircraft, while highlighting how infrastructure like data centers and banking systems can become targets. The conversation shifts to markets (gold, oil, selected stocks), and broader "greater depression" themes about public crisis-blindness, government growth, inflation, and household financial stress. 00:00 War Breaks Out 01:33 Bases Everywhere 03:19 Fog of War 05:20 Costly Interceptors 05:59 Why Are We Involved 08:17 Israel and US Aid 11:29 Religious End Times 15:33 Iran Strikes Back 17:26 Negotiations Then Attack 24:09 Strait of Hormuz Risks 25:19 Escorts and Escalation 28:11 Cyber and Infrastructure 30:02 Who Hit the Refineries 30:38 False Flags and Mossad Claims 31:47 Fifteen Shootdown Mystery 33:48 Casualties and Interceptor Costs 35:07 Boots on Ground and Kurds 37:32 Markets Gold and Oil Plays 41:44 Why People Miss Crises 49:29 Greater Depression Timeline 50:13 How Iran War Ends 50:59 Assassinations and Nuclear Risk 54:12 Wrap Up and Audience Questions

Find us at www.crisisinvesting.com Doug and the host discuss escalating tensions with Iran and the risks of US military action, then pivot to media and politics including Washington Post subscriber losses/layoffs, Trump's cabinet optics, Pam Bondi's testimony, and expectations around the Epstein files. They answer subscriber questions on the DEAGEL report, the dollar and immigration, retiring in El Salvador vs. the Southern Cone, robot leasing and rapid advances in China, unrealized-gains taxation in the Netherlands, rare-earth supply constraints, lawfare experiences and AI-driven enforcement, Hong Kong property, and why they favor gold/silver and mining stocks over overpriced US equities. 00:00 Iran War Drumbeat: Carriers, Motives, and Blowback Risks 04:06 Nukes, News Fatigue, and Tuning Out the Doom Cycle 07:22 Washington Post Meltdown: Subscribers, Layoffs, and AI Newsrooms 10:53 Scouting America & Eagle Scout Perks (Plus a Fed Chair Joke) 15:48 Pam Bondi, Trump's Cabinet Optics, and the Epstein Files Fallout 20:47 Subscriber Q&A: The Deagel Report—Forecast or Psyop? 23:31 If the Dollar Loses Reserve Status: Immigration, Inflation, and Tariffs 26:46 Retiring to El Salvador vs. the Southern Cone (Argentina Rumors) 29:21 Free Speech vs. the State: When "Hate" Becomes a Censorship Pretext 29:50 Robot Ownership Goes Subscription: Leasing, Updates, and Remote Kill Switches 31:28 China's Humanoid Robot Boom: Dances, Kung Fu, and a Friendly Terminator Future 32:25 Netherlands' Unrealized Gains Tax Shock: Capital Flight, Passports, and US Spillover 35:10 Can the West Replace China's Rare Earth Processing? The Real Bottleneck 36:54 Lawfare in Practice: The Domain Name Lawsuit That Cost $35K 39:11 AI + the Legal System: $3,500/hr Lawyers and the Coming Explosion of Automated Enforcement 41:52 If Democrats Sweep Power: Portfolio Defense, Debt Reality, and Why Gold Stays 44:03 Seasteading & City-States: Why It's a Billionaire's Game (Minerva, Honduras, and Coast Guards) 47:45 Hong Kong Property Revisited: Common Law, Deflation, and a Legendary Real Estate Win 49:25 Should You Avoid US Stocks? Overvaluation, Currency Debasement, and the Mining Stocks Bet (Wrap-Up)

Get an education on mining stocks: https://expertsroundtable.substack.com/p/rua-gold-corp-doug-caseys-experts Free newsletter on critical minerals: https://statespeculator.substack.com/ Subscribe to CrisisInvesting.com In this episode, Doug discusses a range of topics from Bitcoin's long-term viability and real estate opportunities in Argentina, to strategic investments in gold and specific mining stocks. He also addresses listener questions on fractional reserve banking, the state of the Japanese stock market, and the impact of financialization on various assets. Additionally, Doug gives his insights on a new Hollywood movie, the difference between commodity prices in the East and West, and strategies for investing in small and medium enterprises. 00:00 Introduction and Subscriber Questions 00:21 Bitcoin's Viability as a Currency 05:18 Bitcoin's Financialization and Market Dynamics 12:44 Real Estate Opportunities in Argentina 19:01 Investing in Small and Medium Enterprises 21:18 Gold Mining Stocks and Market Analysis 28:18 Christianity's Influence on Western Civilization 40:29 Doug's Take on Ari's Strategic Mining 43:40 Review of DiCaprio's New Film 47:34 Gold as a Tier One Asset and Tax Implications 49:51 Investing in the Japanese Stock Market 54:36 Silver Market Dynamics and Arbitrage 59:12 Fractional Reserve Banking and Usury 01:04:53 Stock Market Crash and Precious Metals 01:11:42 Stop-Loss Strategies in Mining Stocks