U.S. On Greek Economic Path
With the United States spending millions more than it takes in, carelessly printing money to prop up its bond and stock markets and driving the nation’s debt to the point of no return, we are facing dire economic woes, says Doug Casey, wildly successful head of Casey Research. “The United States has been going downhill since the McKinley regime,” the bearish Casey says. “Technology has been getting better, but from a philosophical point of view it’s been declining since then. And in actual economic terms, in terms of what the average guy is able to do, we’ve been going downhill since the mid-’70s.” Casey explains further to Reason TV host Matt Welch, and offers some nuggets of optimism going forward.
