It’s been called unprecedented by commentators, but few analysts can actually wrap their heads around the stark divergence between the major stock-market indexes and the actual economy. With bored stay-at-homers indiscriminately buying overpriced assets, it’s hard to gauge the risk-versus-reward when the markets only seem to go up.

Crush the Street thankfully had a chance to speak with Doug Casey of CaseyResearch.com and InternationalMan.com about the reality-be-damned melt-up in the major indexes. For anyone who’s not familiar with his work, Mr. Casey is known as a legendary investor and one of the greatest personalities in the resource space.

It’s well worth your time to check out Doug Casey’s extensive resources at International Man as they offer unique perspectives into how you can shield yourself and even profit from this bizarre and volatile economic and political environment.

Casey has written extensively on how the Deep State is committed to keeping the middle class reliant on government assistance while the stock market – which is mainly the playground of the ultra-wealthy – remains afloat even as unemployment is higher than it was during the nadir of the 2008-2009 financial crisis.

As Mr. Casey powerfully explains in his blog, the Deep State is doing a terrific job of making sure that America’s populace is as government-dependent as possible:

50%-plus of Americans are net recipients of benefits from the State
60 million on Social Security
66 million on Medicaid
50 million on food stamps and many millions on hundreds of other programs
23 million government employees

Article text

93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.

Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!

Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!

    The wealthiest top 1% already made money hand over fist from 2009 to 2020 as the stock market marched upwards with the Federal Reserve’s stamp of approval. And they love the fact that downtrodden, uninformed, helpless retail investors are buying up low-quality stocks like Hertz and Chesapeake Energy now.

    Courtesy: MarketWatch, Bloomberg, Crescat Capital

    As Doug Casey explains in his interview with Crush the Street, the stock market as a whole is now grossly overpriced. It’s in the same type of bubble territory that it was back in 2001. And don’t even think about bonds, which are in a hyper-bubble.

    The trillions of new dollars created in Washington have allowed the bubble in the stock-market indexes to inflate to where it is now. According to Doug Casey, it’s a global phenomenon, not just happening in the U.S., and it has nothing to do with corporate growth or value.

    Rather, it’s a function of incessant money printing and Mr. Casey predicts that it’s going to end very badly. Given the dire outlook for traditional allocations, Doug Casey categorically concludes that gold is the safest place to be today.

    Moreover, Mr. Casey adds that gold is an excellent value today because the world is on such a dangerous footing. His argument, as always, is compelling and data-driven as Doug Casey sees gold as not only a safe haven but as an asset class with tremendous growth potential.

    You’ll need to watch Crush the Street’s entire interview with Doug Casey to get the big picture on where the economy and markets are headed and why gold’s value will only be truly appreciated when the price soon goes much, much higher.

    Prosperous Regards,
    Kenneth Ameduri
    Chief Editor, CrushTheStreet.com

    Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!

    Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!

      Disclaimer/Disclosure:
      We are not brokers, investment or financial advisers, and you should not rely on the information herein as investment advice. We are a marketing company. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT recommendations. The securities issued by the companies we profile should be considered high risk and, if you do invest, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEC filings, press releases, and risk disclosures. Information contained in this profile was provided by the company, extracted from SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.

      Please read our full disclaimer at CrushTheStreet.com/disclaimer