Doug Casey Warns, The EU's Collapse Is Now "Imminent"

Tyler Durden's picture

Authored by Nick Giambruno via,

On April 23, French voters could drive the entire European Union into its grave.


Doug Casey and I recently discussed this historic election—and why it matters to US investors.

Nick Giambruno: Doug, you predicted the fall of the European Union a few years ago. What has changed since then?

Doug Casey: Well, what's changed is that the entire situation has gotten much worse. The inevitable has now become the imminent.

The European Union evolved, devolved actually, from basically a free trade pact among a few countries to a giant, dysfunctional, overreaching bureaucracy. Free trade is an excellent idea. However, you don't need to legislate free trade; that’s almost a contradiction in terms. A free trade pact between different governments is unnecessary for free trade. An individual country interested in prosperity and freedom only needs to eliminate all import and export duties, and all import and export quotas. When a country has duties or quotas, it’s essentially putting itself under embargo, shooting its economy in the foot. Businesses should trade with whomever they want for their own advantage.

But that wasn't the way the Europeans did it. The Eurocrats, instead, created a treaty the size of a New York telephone book, regulating everything. This is the problem with the European Union. They say it is about free trade, but really it’s about somebody’s arbitrary idea of “fair trade,” which amounts to regulating everything. In addition to its disastrous economic consequences, it creates misunderstandings and confusion in the mind of the average person. Brussels has become another layer of bureaucracy on top of all the national layers and local layers for the average European to deal with.

The European Union in Brussels is composed of a class of bureaucrats that are extremely well paid, have tremendous benefits, and have their own self-referencing little culture. They’re exactly the same kind of people that live within the Washington, D.C. beltway.

The EU was built upon a foundation of sand, doomed to failure from the very start. The idea was ill-fated because the Swedes and the Sicilians are as different from each other as the Poles and the Irish. There are linguistic, religious, and cultural differences, and big differences in the standard of living. Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen.

Meanwhile, there’s a centrifugal force even within these European countries. In Spain, the Basques and the Catalans want to split off, and in the UK, the Scots want to make the United Kingdom quite a bit less united. You've got to remember that before Garibaldi, Italy was scores of little dukedoms and principalities that all spoke their own variations of the Italian language. And the same was true in what’s now Germany before Bismarck in 1871.

In Italy 89% of the Venetians voted to separate a couple of years ago. The Italian South Tyrol region, where 70% of the people speak German, has a strong independence movement. There are movements in Corsica and a half dozen other departments in France. Even in Belgium, the home of the EU, the chances are excellent that Flanders will separate at some point.

The chances are better in the future that the remaining countries in Europe are going to fall apart as opposed to being compressed together artificially.

And from strictly a philosophical point of view, the ideal should not be one world government, which the “elite” would prefer, but about seven billion small individual governments. That would be much better from the point of view of freedom and prosperity.

Nick Giambruno: How does Brexit affect the future of the European Union?

Doug Casey: Well, it's the beginning of the end. The inevitable has now become the imminent. Britain has always been perhaps the most different culture of all of those in the European Union. They entered reluctantly and late, and never seriously considered losing the pound for the euro.

You're going to see other countries leaving the EU. The next one might be Italy. All of the Italian banks are truly and totally bankrupt at this point. Who's going to kiss that and make it better? Is the rest of the European Union going to contribute hundreds of billions of dollars to make the average Italian depositor well again? I don't think so. There's an excellent chance that Italy is going to get rid of the euro and leave the EU.

If Marine Le Pen wins the elections, France will leave as well. That would be a smart move. She would also want to deport the migrants from Africa that are living in tent camps and cardboard boxes everywhere. Another good move. These people aren’t self-supporting, and are acting to destroy what’s left of French culture. Then again, Le Pen herself is no prize. She wants to continue the welfare state, and increase regulations and taxes. The French have zero good alternatives, at least if you care about either free minds or free markets. But that’s true everywhere in Europe. The very concept of liberty is dead in Europe.

Nick Giambruno: Why should Americans care about this?

Doug Casey: Well, just as the breakup of the Soviet Union had a good effect for both the world at large and for Americans, the breakup of the EU should be viewed in the same light. Freeing an economy anywhere increases prosperity and opportunity everywhere. And it sets a good example. So Americans ought to look forward to the breakup of the EU almost as much as the Europeans themselves. Unfortunately, most Americans are quite insular. And Europeans are so used to socialism that they have even less grasp of economics than Americans. But it’s going to happen anyway.

Nick Giambruno: What are the investment implications?

Doug Casey: Initially there's going to be some chaos, and some inconvenience. Conventional investors don’t like wild markets, but turbulence is actually a good thing from the point of view of a speculator. It’s a question of your psychological attitude. Understanding psychology is as important as economics. They’re the two things that make the markets what they are. Volatility is actually your friend in the investment world.

People are naturally afraid of upsets. They're afraid of any kind of crisis. This is natural. But it's only during a crisis that you can get a real bargain. You have to look at the bright side and take a different attitude than most people have.

Nick Giambruno: If you position yourself on the right side of this thing, do you think you can profit from the collapse of the EU?

Doug Casey: Yes. Once the EU falls apart, there are going to be huge investment opportunities. People forget how cheap markets can become. I remember in the mid-1980s, there were three markets in the world in particular I was very interested in: Hong Kong, Belgium, and Spain. All three of those markets had similar characteristics. You could buy stocks in those markets for about half of book value, about three or four times earnings, and average dividend yields of their indices were 12–15%—individual stocks were sometimes much more—and of course since then, those dividends have gone way up. The stock prices have soared.

So I expect that that's going to happen in the future. In one, several, many, or most of the world’s approximately 40 investable markets. Right now, however, we're involved in a worldwide bubble in equities. It can go the opposite direction. People forget how cheap stocks can get.

I think we're headed into very bad times. Chances are excellent you're going to see tremendous bargains. People are chasing after stocks right now with 1% dividend yields and 30 times earnings, and they want to buy them. At some point in the future these stocks are going to be selling for three times earnings and they’re going to be yielding 5, maybe 10% in dividends. But at that point most people will be afraid to buy them. In fact, they won't even want to know they exist at that point.

I’m not a believer in market timing. But, that said, I think it makes sense to hold fire when the market is anomalously high.

The chaos that’s building up right now in Europe can be a good thing—if you're well positioned. You don't want to go down with the sinking Titanic. You want to survive so you can get on the next boat taking you to a tropical paradise. But right now you're entering the stormy North Atlantic.

*  *  *

There’s more turmoil ahead as French voters decide the EU’s fate on April 23—and it could be catastrophic for global currency and stock markets. We expect the fallout to be far worse than 2008. Most investors can’t handle that sort of chaos. But Doug Casey and his team know how to turn it into huge profits. They’re sharing need-to-know information about the coming global economic meltdown in this time-sensitive video. Click here to watch it now.

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saudade's picture

Keep dreaming, EU will be around for a long time.

Twee Surgeon's picture

Yep! It will be around Germany, until they get a clue.

quadraspleen's picture

Unfortunately, I think you are right. The technocrats will never countenance the derailing of their gravy train. People will be killed to protect what's left of this festering dung pile. Probably Le Pen first

Twee Surgeon's picture

We are certainly going to miss it in the USA. no more canned Snails or girls with hairy arm pits... BooHooo !

philipat's picture

But their accents are cute and hairy armpits aren't really so bad in comparison to American bitches who speak through their nose because their mouth is too busy abusing those hated men....

Twee Surgeon's picture

I know. My Mother had hairy armpits and a cute accent, sisters too, back in the day, back in the old world. They don't really have an Accent though. You do.

quadraspleen's picture

Nope, Europe will still be there, hairy armpits and all. It's the EU that's dying. One of the issues over here is that people can't tell the difference..They think Europe will just vanish when we Brexit..There'll still be cheese and bad drivers!

Sirius Wonderblast's picture

The sales pitch has been to present the two as one and the same, but they are not. All human constructs fall, just a matter of how long it takes. Whenever I walk around the City, I look at all the big, solid-looking buildings designed t convey permanence, and remind myself it is just an edifice, an illusion. Same thing with the EU.

Twee Surgeon's picture

I could write you a book about high rise buildings, you would be very suprised to learn how often shit just falls off.

If you ever go and look at the Skeleton of Many of them with even a little knowledge, you will start to see things that say 10, 20 or 50 years, this building will be gone.

A lot of the Older construction, pre WWII is rock solid, Stone Henge stuff.. Post WWII, different.

crazytechnician's picture

Most people don't understand that the EU is simply a political institution which is now failing miserably. Europe itself is a geographical location. It's impossible for Europe to splinter unless it were possible to physically split apart a geographical continent. The EUSSR is the Titanic , it's taking on water from multiple leaks , they cannot be plugged , it's demise is inevitable. Brexit was a life boat.

Twee Surgeon's picture

The EU is not dying, it was Stillborn, just as planned. so the Crows could pick over the Meat for 40 odd years.

The EU was never anything but a Scavengers pick-nick and as you say, Europe will remain but they will not be as Fat and Happy as they might have been if the whole Socialist Abortion had never happened and multitudinous and various Vultures had not fattened their wallets on the backs of millions of industrious people for the good, noble and righteous cause of Equality for all ? When the EU goes away for ever, all that will remain to show for the grand experiment is half a billion unemployable 3rd worlder's, breeding like bunnies. Progress. Yay!

Adios Honkies, part 9.

land_of_the_few's picture

At least they aren't like androgynous linebackers?

Twee Surgeon's picture

Dude, I have no problem at all with Hairy Armpits, I grew up in hairy arm pit girl world and I think nothing of it at all, It was the Norm in my youth in, not the USA.

Give me a Hot chick with hairy arm pits and I will braid that shit and hang beads on it if she sticks around long enough.

I speak in jest but everyone is so fucking sensitive and butt Hurt at the mildest indescretion. It's that French milk they made you drink, it fucked with your head.

European American's picture

I just want to se Le Pen win and drop-kick the invasive species back to darkest Africa.

Déjà view's picture

Le Pen Is Mightier Than Sword...

philipat's picture

Actually, shouldn't it be "La Pen"? She is female (at least in comparison to Hitlery) and it is, after all "La plume", oui?

tuetenueggel's picture

including those, who are responsible for their comming. Dead or alive.

Joe A's picture

Doug Casey: Yes. Once the EU falls apart, there are going to be huge investment opportunities. People forget how cheap markets can become.

So this is just a sales pitch.

tuetenueggel's picture

No one will accept green printed shit or Euro trash.

Payed with what ? Food, alcohol, meat ? No PM available. All collected in China or Russia.

bjax's picture

Statists to the left of me, statists to the right ... 

GoldenDonuts's picture

Stuck between insanity with you.

tuetenueggel's picture

so ? surrounded by idiots.

Fahq Yuhaad's picture

Casey - another armchair anal yst sitting next to his golf course on the Argentine-Bolivian border, massaging the leather upholstery with his ass and losing piles of  money for his newsletter subscribers (like The Casey Report March 2009 recommendation: "add to S&P 500 short positions at 990")

ArtOfLife's picture

This guy has been bearish on stocks since the early 80s. Look up "Doug Casey donahue interview" and see him ranting about how everything is gonna collapse any day now. 

quasi_verbatim's picture

The Donald will turn again and impose unity where there is disorder. We can be sure of that.

Savyindallas's picture

He's such a unifying force. He is willing to listen and learn. Soon he will make peace with the migrants, invite half of Africa to occupy our Western States--Soros will get a 50 billion dollar contract to ship them all over here- subversive websites like ZH and Alex Jones will be shut down, Hillary will be reinstated as secretary of State and we will finally get our war with Russia, Iran, North Korea -for starters. FEMA camps will be replaced with Trump Camps" and very profitable (for Trump) taxpayer funded migrant relocation centers. Then we will all learn what "Make America Great Again" really means. 

Rocco May's picture

“UN Planned Europe´s Demographic Suicide already in 2001

Posted on April 18, 2017 by Anders

 Richard Coudenhove KalergiThe EU is animated by Baron Louis de Rothschild’s paid agent´s, EU father Richard Coudenhove Kalergi´s, plan for racial exchange in Europe through mass immigration: Europeans are supposed to look like the ancient Egyptians in the upcoming one-world state of the technocratic Illuminati / Freemasons to avoid racial tensions – everything governed by the Jewish master race. Nicolas Sarkozy  foolishly made the  the “duty” of the French to contribute to this madness through “métissage” (mixed marriages/ procreation)!!”


“On April 23, French voters could drive the entire European Union into its grave.”

Amen. Only a few will miss the EU-sect.

Fireman's picture

"In his book «Praktischer Idealismus», (1920) Austrian Count Richard Von Coudenhove Kalergi indicates that the residents of the future "United States of Europe" will not be the People of the Old Continent, but a kind of sub-humans, products of miscegenation. He clearly states that the peoples of Europe should interbreed with Asians and colored races, thus creating a multinational flock with no quality and easily controlled by the ruling elite.
Kalergi proclaims the abolition of the right of self-determination and
then the elimination of nations with the use of ethnic separatist movements and
mass migration. In order for Europe to be controlled by an elite, he wants to
turn people into one homogeneous mixed breed of Blacks, Whites and Asians. Who
is is this elite however? Kalergi is particularly illuminating on this:
The man of the future will be of mixed race. The races
and classes of today will gradually disappear due to the elimination of space,
time, and prejudice. The Eurasian-negroid race of the future, similar
in appearance to the Ancient Egyptians, will replace the diversity of peoples
and the diversity of individuals. Instead of destroying European
Judaism, Europe, against her will, refined and educated this people, driving
them to their future status as a leading nation through this artificial
evolutionary process. It's not surprising that the people that escaped from the
Ghetto-Prison, became the spiritual nobility of Europe. Thus, the
compassionate care given by Europe created a new breed of aristocrats. This
happened when the European feudal aristocracy crashed because of the
emancipation of the Jews [due to the actions taken by the French Revolution]
"Count" Richard Coudenhove Kalergi’s Plan outlined by Gerd Honsik
“Kalergi proclaims the abolition of the right of self-determination, ... the elimination of nations by means of ethnic separatist movements or mass allogeneic (genetically dissimilar) immigration to create a multiethnic flock without quality, easily controllable by the ruling class. Kalergi characterized the multiethnic flock as cruel and unfaithful but maintained the elite must deliberately create them in order to achieve their own superiority: ‘Then the elite will first eliminate democracy – the rule of the people. Next, the elite will eliminate the people via miscegenation, thereby replacing the ruling white race with an easily controllable mestizo race. By abolishing the principle of equality of all before the law, avoiding and punishing any criticism of minorities, and protecting minorities with special laws, the masses will be suppressed.’'
5 wise members of the sect help us understand "the plan" of our
elite masters.
And concerning the rape of her own words supremacist USSAN Israeli Barbara Lerner Spectre explains clearly what their plan is.

-Charlemagne Prize BEARERS list

tuetenueggel's picture

sandniggers with an IQ arround 45 all over EU.

ronaldwilsonreagan's picture

Imagine that ZeroHedge perdicting the collapse of anything.  Given ZH has perdicted 300 of the las1.2 collapses why even read this crap.

Batman11's picture

The US has forgotten its own history.

The US is a protectionist success story.

Free trade sounds good doesn’t it?

Free trade actually stops other nations catching up with more advanced nations.

How did the US become the super-power it is today?

In the 18th and 19th century the UK was the workshop of the world and the home of the industrial revolution.

How did the US and other Western European nations catch up with the UK’s more advanced factories, technology and cheaper products?

Was free trade the answer?

No. Tariffs were the order of the day.

Tariffs made cheap UK products more expensive in the US and Western Europe allowing them to catch up on the UK’s industrial advances.

Eventually, the US over-took the UK as the workshop of the world, thanks to tariffs.

The US is a protectionist success story.

In a free trade world, the UK, being the home of the industrial revolution, would have maintained its advantage forever.

tuetenueggel's picture

USA has no history.

200 + years are a fly´s shit on a window

Twee Surgeon's picture

The US has a lot of History that was imported, lets start with the religiously oppressed Puritans on the Mayflower or step back to the Gold hungry Spaniards in St Augustine, Florida starting around 1565 i think. These people did not drop out of the sky, they are not Aliens, they just moved their asses out of the Old World and in to the New World, They had History, Ancient, In England and Spain and wherever.

History happens on Real estate but is not strictly attached to a Geographic location, History comes with those that remember to remember it.

The Native Americans came from Asia thousands of years ago, that is history isn't it ? They were of course invaders and conquerors for a little while, until those dastardly Europeans showed up and did the same thing. Kennewick man was a Caucasian found in Washington State USA. About 14000 years old.,_Florida     Olmecs.

tuetenueggel's picture

US is a System of federal states called United States of America.

In which state did Spaniards live ? In which Sioux, or any other indian tribe ?

The USA, which i mentioned neither have history, nor culture.


Fireman's picture

Imagine if Doug could ever get his head around the impending collapse of monolith USSA and the fast approaching civil war and honestly lay it out for his would be "clients"? Forget it...for Doug it's always someone else's fault and USSA is "rock solid" in his great global scheme of things. Europe, or the current bastardized version EUSSR, like the USSR before it, will do fine when the Pedophile Politburo in Natostan sewer Brussels crumbles. USSA is the only one that benefits from NATO'S constant war mongering and the banksters' clownish manipulation of the eurodollah...remove that corruption and USSA sinks into anarchy a lot more vicious than the strikes and turmoil that will restore the sovereign nation states of Europe to their former independence. USSA has no where to go except into balkanized bits at each other's throats for dwindling resources.

Like Russia after the end of the USSR most European nations will survive and realign, the first of which will be a Germany rid of the NSA GESTAPO and Pentacon occupation and without the treacherous Merkill legacy of migrant invasion and lies. As Bismarck understood more than a century ago the tone for the next 100 years for Europe as it turns Eastwards to resource abundant Russia and rids itself of the Atlanticist delusion and the poisonous pox amerikana, will set the stage for a global order whose center will certainly not lie with the anglozionazi gangster matrix of Washing town New York.

tuetenueggel's picture

Guess that you´re German, Austrian or from Swizzerland.

Your expressed dreams are those of a wide majority in Europe.

But they won´t come true because the all are fuckin afraid of the huns.

They prefere to drown before beeing rescued by Germoney.

Farqued Up's picture

He turned my light on and spurred me to get another passport, move some cash out of the grasp of these whores, instilled that all govs treat foreign investors better than its own slaves, and back in the day made me some money investing in gold stocks. I have the utmost respect for his keen mind, I suppose because I share his sentiment that Gov at all levels are irrelevant and should be abolished.

More would come around to this thinking if they would critically analyze everything the bastards do to us.

BritBob's picture

Fair to say that the majority of the people in Britain were happy to join an economic union with free trade, but not a political union. Who wants to be ruled by Brussels?

There is a trade imbalance in favour of the European Union so it is in the interest of the EU to make amicable arrangements with the United Kingdom. What's more, the UK can do its own trade deals on a one-to-one basis instead of having the EU to deal 27 member states before it makes a trade deal.

The UK will opt for a hard Brexit especially when one country (or part of a country in Belgium) can stall negotiations for so long. Spain could act in a similar fashion over Gibraltar and has the cheek to maintain its Gibraltar sovereignty claim. Claim?

Gibraltar - Some Relevant International Law:


So it looks like a quick hasta luego !

tuetenueggel's picture

hasta manana if we´re lucky

TeaClipper's picture

Ruled by Brussels = Ruled by Germany, not something that was ever going to fly with any true Brit. Hence the desparate rush since 1997 to flood the country with anything that could walk run or crawl here to try and kill the nationalist spirit. Thank god we in the UK at least woke up in time. Good luck to Le Pen, though i fear its going to take another revolution in that country to break the back of the corruption in the EU. As for Germany, i hope i live long enough to see that country thoroughly balkanized so it never rears its ugly head again.

tuetenueggel's picture

few hundered miilion citizens are waiting for the day of crash.

Due to beeing robbed by those Brussels banksters.

elstrom's picture

Such a neoliberal hogwash, a red tape free Somalia is the ideal. So, when it crashes and all assets becomes dirt cheap and the people is in for some decade of misery it’s feast and bonanza for wannabe vulture investors like Casey. No doubt about it, disaster capitalism "can be a good thing" for a few.

"They [Britain] entered reluctantly and late", no France and D Gaulle blocked them from joining.


Making Merica Great Again's picture

Doom Porn Again


Buy buy buy buy gold buy gold

Singelguy's picture

It is far more truth than doom porn. The question now is not IF but WHEN? The when is likely much sooner than later. Buying gold is one option but if you have euros convert to US dollars. The dollar will be the be the short term beneficiary when the EU collapses.

Zoobs's picture

The only real currency when the shit hits the fan will be MREs and ammunition.  Everything else useless.

GreatUncle's picture

Simple truths ... the Vichy French will stay the economic situation for them if they left they could not stomach.

This will then be used to shout the pro-EUSSR rallying cry to try and hold it together just a bit longer.

The EU will eventually morph into a police state more akin to the USSR in the end where tyranny reigns, it is what happens when you are falling off a cliff.

Realistically if the EU collapsed the US does too because all FIAT turns to rat shit so every country in the world needs the EU to not rock that boat.

Hence the UK BREXIT will now have an illegal election, form a new government, re-run the referendum to fuck over the people. Not before the EU has taken its pound of flesh out of the UK population though just like Greece.

You can fuck freedom and liberty before they leave this world where only tyranny and war will remain because those at the highest level as they have always done throughout history will sacrifice the 99.9% for their own survival and that means turnign populations into slaves once more.


Ghordius's picture

I was actually thinking of not making any comment here. This article from Doug Casey has simply too many mistakes, particularly when he starts with Scotland, Flanders, Catalonya, all the "breakaway provinces" that would like to...

... exit their national unions and... stay in the EU

I mean... please. By now even someone that sleeps under a rock at night should have noticed that Scotland has voted to remain in the EU, while it is planning to redo a referendum to leave the UK, and the only question there is about how to re-enter the EU

but your comment drew me out, GreatUncle: "The EU will eventually morph into a police state more akin to the USSR in the end where tyranny reigns, it is what happens when you are falling off a cliff"

are you frigging serious? how? by adopting practices that are increasingly becoming common... elsewhere?

the EU has not even a police worth the name of a "federal police" or FBI or whatever. the police forces are national, remember?

the EU27 countries don't even have the prison space to do such a thing. this while the UK is adopting the practice of private prisons, mind

bah. a huge exercise at projection, this one

TeaClipper's picture

Conveniently forgetting to mention interpol. Not suprising coming from a German EU (Fourth Reicht) shill.

Ghordius's picture

Interpol has 190 countries that are members, TeaClipper. and a Chinese chief, and no, it does not arrest people, it just coordinates. after all it has only less then 1'000 employees