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

Find us at www.crisisinvesting.com
Matt and Doug discuss a reported US–Iran peace deal whose MOU hasn't been released, doubting it will last due to Israel–Iran hostility and Israeli opposition, while arguing the US bombing of Iran was unnecessary and that the deal looks like a US surrender with potential reparations (estimated $300B) and possible UAE/private funding plus future service fees after 60 days. They then focus on provisions in the NDAA (Section 219) and an Intelligence Authorization Act measure (Sen. Tom Cotton) that would fuse US–Israel military and intelligence programs, outlining six harms: inability to stop unwanted wars, technology leakage (AI/quantum) possibly to China, US contractors losing business, Gaza-tested AI targeting tools entering US systems, Israeli espionage risks, and irreversible entanglement by FY2027. The conversation also covers Trump's credibility, government involvement in AI companies and energy-hungry data centers, China's open-source AI stance, IMF conditional lending in Papua New Guinea, rising authoritarian security policies in Peru, and broader fears of global conflict.
00:00 Iran US Peace Deal
01:08 Why Bomb Iran
02:31 Israel Leverage Theories
04:21 China Oil Shock Absorber
06:58 Trump Character Spin
10:02 Reparations And Tolls
11:18 Israel Lebanon Sticking Point
12:21 Israel As 51st State
14:59 Six Ways It Hurts
21:36 USS Liberty And AIPAC
24:32 AI Data Centers Bubble
28:24 AI As Strategic Weapon
33:42 World War Three Thesis
36:31 IMF In Papua New Guinea
39:48 Peru Fujimori Crackdown
43:47 Authoritarian Trend Fears
45:44 Hopeful Wrap And Outlook

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

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Find Tom at www.tomwoods.com
In a wide-ranging discussion, Tom Woods joins Doug Casey and the host to assess current U.S. politics, culture, and economics. Woods reflects on Trump's 2024 win, the apparent retreat and performative nature of "wokery," and a broader sense that public life is "oddly fake," arguing that Trump squandered political capital and abandoned promising ideas like DOGE while ballooning spending, pursuing misguided trade and housing approaches, and attacking right-wing dissenters. They discuss generational divides in information and voting behavior, pessimism about fixing deficits and entitlements, and the likelihood that "reality" will force a fiscal reckoning through unmanageable interest costs or money printing. The conversation also touches on U.S.-Israel influence politics, concerns about deeper military integration, social media's role in mass conformity, the possibility of U.S. fragmentation, and Woods's commitment to keep speaking out and promoting his newsletter and history courses.
00:00 Welcome Tom Woods
00:33 Old Friends on PBS
01:10 Culture Wokery and Faith
04:15 Trump Momentum and Plan B
05:42 Economic Agenda Letdown
06:53 Housing Prices and Mortgages
09:48 Loyalty Tests and Vance
13:47 Israel NDAA and Intelligence
18:19 Censorship and Empire Decline
19:30 Pride Ads and Mass Psychosis
23:01 Social Media Amplifier
25:13 Will America Break Up
30:01 Keep Fighting Anyway
31:43 No Matter Who You Vote
33:03 Owning the McCain Line
34:04 Twitter Algorithms and Links
34:35 Debt Nobody Wants to Fix
39:49 Progress and Modern Comforts
43:00 Phones Amplify Human Nature
44:43 Boomers vs Gen Z Divide
48:19 Self Reliance for Young Men
51:23 Doug Casey Boomer Memories
55:54 Risks Hope and Do What You Can
58:28 Tom Woods Courses and Farewell

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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