Doug Casey On The End Of Western Civilization

Tyler Durden's picture

Authored by Nick Giambruno via InternationalMan.com,

Nick Giambruno: The decline of Western Civilization is on a lot of people’s minds.

Let’s talk about this trend.

Doug Casey: Western Civilization has its origins in ancient Greece. It’s unique among the world’s civilizations in putting the individual—as opposed to the collective—in a central position. It enshrined logic and rational thought—as opposed to mysticism and superstition—as the way to deal with the world. It’s because of this that we have science, technology, great literature and art, capitalism, personal freedom, the concept of progress, and much, much more. In fact, almost everything worth having in the material world is due to Western Civilization.

Ayn Rand once said “East minus West equals zero.” I think she went a bit too far, as a rhetorical device, but she was essentially right. When you look at what the world’s other civilizations have brought to the party, at least over the last 2,500 years, it’s trivial.

I lived in the Orient for years. There are many things I love about it—martial arts, yoga, and the cuisine among them. But all the progress they’ve made is due to adopting the fruits of the West.

Nick Giambruno: There are so many things degrading Western Civilization. Where do we begin?

Doug Casey: It’s been said, correctly, that a civilization always collapses from within. World War 1, in 1914, signaled the start of the long collapse of Western Civilization. Of course, termites were already eating away at the foundations, with the writings of people like Jean-Jacques Rousseau and Karl Marx. It’s been on an accelerating downward path ever since, even though technology and science have been improving at a quantum pace. They are, however, like delayed action flywheels, operating on stored energy and accumulated capital. Without capital, intellectual freedom, and entrepreneurialism, science and technology will slow down. I’m optimistic we’ll make it to Kurzweil’s Singularity, but there are no guarantees.

Things also changed with the creation of the Federal Reserve in 1913. Before that, the US used gold coinage for money. “The dollar” was just a name for 1/20th of an ounce of gold. That is what the dollar was. Paper dollars were just receipts for gold on deposit in the Treasury. The income tax, enacted the same year, threw more sand in the gears of civilization. The world was much freer before the events of 1913 and 1914, which acted to put the State at the center of everything.

The Fed and the income tax are both disastrous and unnecessary things, enemies of the common man in every way. Unfortunately, people have come to believe they’re fixtures in the cosmic firmament. They’re the main reasons—there are many other reasons, though, unfortunately—why the average American’s standard of living has been dropping since the early 1970s. In fact, were it not for these things, and the immense amount of capital destroyed during the numerous wars of the last 100 years, I expect we’d have already colonized the moon and Mars. Among many other things…

But I want to re-emphasize that the science, the technology, and all the wonderful toys we have are not the essence of Western Civilization. They’re consequences of individualism, capitalism, rational thought, and personal freedom. It’s critical not to confuse cause and effect.

Nick Giambruno: You mentioned that the average American’s standard of living has dropped since the early 1970s. This is directly related to the US government abandoning the dollar’s last link to gold in 1971. Since then, the Federal Reserve has been able to debase the US dollar without limit.

I think the dollar’s transformation into a purely fiat currency has eroded the rule of law and morality in the US. It’s similar to what happened in the Roman Empire after it started debasing its currency.

What do you think, Doug?

Doug Casey: All the world’s governments and central banks share a common philosophy, which drives these policies. They believe that you create economic activity by stimulating demand, and you stimulate demand by printing money. And, of course, it’s true, in a way. Roughly the same way a counterfeiter can stimulate a local economy.

Unfortunately, they ignore that, and completely ignore that the way a person or a society becomes wealthy is by producing more than they consume and saving the difference. That difference, savings, is how you create capital. Without capital you’re reduced to subsistence, scratching at the earth with a stick. These people think that by inflating—which is to say destroying—the currency, they can create prosperity. But what they’re really doing, is destroying capital: When you destroy the value of the currency, that discourages people from saving it. And when people don’t save, they can’t build capital, and the vicious cycle goes on.

This is destructive for civilization itself, in both the long term and the short term. The more paper money, the more credit, they create, the more society focuses on finance, as opposed to production. It’s why there are many times more people studying finance than science. The focus is increasingly on speculation, not production. Financial engineering, not mechanical, electrical, or chemical engineering. And lots of laws and regulations to keep the unstable structure from collapsing.

What keeps a truly civil society together isn’t laws, regulations, and police. It's peer pressure, social opprobrium, moral approbation, and your reputation. These are the four elements that keep things together. Western Civilization is built on voluntarism. But, as the State grows, that’s being replaced by coercion in every aspect of society. There are regulations on the most obscure areas of life. As Harvey Silverglate pointed out in his book, the average American commits three felonies a day. Whether he’s caught and prosecuted is a subject of luck and the arbitrary will of some functionary. That’s antithetical to the core values of Western Civilization.

Nick Giambruno: Speaking of ancient civilizations like Rome, interest rates are about the lowest they’ve been in 5,000 years of recorded history. Trillions of dollars’ worth of government bonds trade at negative yields.

Of course, this couldn’t happen in a free market. It’s only possible because of central bank manipulation.

How will artificially low interest rates affect the collapse of Western Civilization?

Doug Casey: It’s really, really serious. I previously thought it was metaphysically impossible to have negative interest rates but, in the Bizarro World central banks have created, it’s happened.

Negative interest rates discourage saving. Once again, saving is what builds capital. Without capital you wind up as an empty shell—Rome in 450 A.D., or Detroit today—lots of wonderful but empty buildings and no economic activity. Worse, it forces people to desperately put their money in all manner of idiotic speculations in an effort to stay ahead of inflation. They wind up chasing the bubbles the funny money creates.

Let me re-emphasize something: in order for science and technology to advance you need capital. Where does capital come from? It comes from people producing more than they consume and saving the difference. Debt, on the other hand, means you’re living above your means. You’re either consuming the capital others have saved, or you’re mortgaging your future.

Zero and negative interest rate policies, and the creation of money out of nowhere, are actually destructive of civilization itself. It makes the average guy feel that he’s not in control of his own destiny. He starts believing that the State, or luck, or Allah will provide for him. That attitude is typical of people from backward parts of the world—not Western Civilization.

Nick Giambruno: What does it say about the economy and society that people work so hard to interpret what officials from the Federal Reserve and other central banks say?

Doug Casey: It’s a shameful waste of time. They remind me of primitives seeking the counsel of witch doctors. One hundred years ago, the richest people in the country—the Rockefellers, the Carnegies, and such—made their money creating industries that actually made stuff. Now, the richest people in the country just shuffle money around. They get rich because they’re close to the government and the hydrant of currency materialized by the Federal Reserve. I’d say it’s a sign that society in the US has become quite degraded.

The world revolves much less around actual production, but around guessing the direction of financial markets. Negative interest rates are creating bubbles, and will eventually result in an economic collapse.

Nick Giambruno: Negative interest rates are essentially a tax on savings. A lot of people would rather pull their money out of the bank and stuff it under a mattress than suffer that sting.

The economic central planners know this. It’s why they’re using negative interest rates to ramp up the War on Cash—the push to eliminate paper currency and create a cashless society.

The banking system is very fragile. Banks don’t hold much paper cash. It’s mostly digital bytes on a computer. If people start withdrawing paper money en masse, it won’t take much to bring the whole system down.

Their solution is to make accessing cash harder, and in some cases, illegal. That’s why the economic witch doctors at Harvard are pounding the table to get rid of the $100 bill.

Take France, for example. It’s now illegal to make cash transactions over €1,000 without documenting them properly.

Negative interest rates have turbocharged the War on Cash. If the central planners win this war, it would be the final deathblow to financial privacy.

How does this all relate to the collapse of Western Civilization?

Doug Casey: I believe the next step in their idiotic plan is to abolish cash. Decades ago they got rid of gold coinage, which used to circulate day to day in people’s pockets. Then they got rid of silver coinage. Now, they’re planning to get rid of cash altogether. So you won’t even have euros or dollars or pounds in your wallet anymore, or if you do, it will only be very small denominations. Everything else is going to have to be done through electronic payment processing.

This is a huge disaster for the average person: absolutely everything that you buy or sell, other than perhaps a candy bar or a hamburger, is going to have to go through the banking system. Thus, the government will be able to monitor every transaction and payment. Financial privacy, even what’s left of it today, will literally cease to exist.

Privacy is one of the big differences between a civilized society and a primitive society. In a primitive society, in your little dirt hut village, anybody can look through your window or pull back the flap on your tent. You have no privacy. Everybody can hear everything; see anything. This was one of the marvelous things about Western Civilization—privacy was valued, and respected. But that concept, like so many others, is on its way out…

Nick Giambruno: You’ve mentioned before that language and words provide important clues to the collapse of Western Civilization. How so?

Doug Casey: Many of the words you hear, especially on television and other media, are confused, conflated, or completely misused. Many recent changes in the way words are used are corrupting the language. As George Orwell liked to point out, to control language is to control thought. The corruption of language is adding to the corruption of civilization itself. This is not a trivial factor in the degradation of Western Civilization.

Words—their exact meanings, and how they’re used—are critically important. If you don’t mean what you say and say what you mean, then it’s impossible to communicate accurately. Forget about transmitting philosophical concepts.

Take for example shareholders and stakeholders. We all know that a shareholder actually owns a share in a company, but have you noticed that over the last generation shareholders have become less important than stakeholders? Even though stakeholders are just hangers-on, employees, or people who are looking to get in on a shakedown. But everybody slavishly acknowledges, “Yes, we’ve got to look out for the stakeholders.”

Where did that concept come from? It’s a recent creation, but Boobus americanus seems to think it was carved in stone at the country’s founding.

We’re told to protect them, as if they were a valuable and endangered species. I say, “A pox upon stakeholders.” If they want a vote in what a company does, then they ought to become shareholders. Stakeholders are a class of being created out of nothing by Cultural Marxists for the purpose of shaking down shareholders.

*  *  *

There’s major turmoil ahead for Western Civilization.  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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cossack55's picture

So.....will it be missed?

UselessEater's picture

Only if you are white.

Or like the lifestyle of western civilizations, apparently a lot of "refugees" aspire to the creature comforts of western civilisation.

knukles's picture

Yea, everywhere the settle the flowers bloom, crime falls, GDP increases, the environment is pristine, people friendly and look at where that shit gets anybody.
Y'all don't even need to bomb these people.  They're already in the stone age.
I mean, marriages made in heaven like the Nation of Islam, founded in Deeeeeetriot City on July 4, 1930.

What we have going on here is not a mere coincidence of differential cultural and economic flows through time, random events.
Fuck no.  Nothing goes to shit this fast without some direction behind the scenes.

This is a global war on Western Civilization.  That the leaders of which will not even defend.

Giant Meteor's picture

The dark lord is busy ...

Needs many souls for burnin ..

knukles's picture

The Reaping of Fresh, Innocent Souls

Oh regional Indian's picture

Language is the KEY..... that is why the controllers control it so much and so wellll... even the best spoken and writen amongst us don't knwo a whit about what we speak/write..... it IS the trap and the release....

https://aadivaahan.wordpress.com/2011/10/11/the-deep-perversion-of-langu...

 

https://aadivaahan.wordpress.com/2013/01/20/two-hammer-blows-and-a-rando...

 

https://aadivaahan.wordpress.com/2016/12/30/the-trap-and-release-of-lang...

peddling-fiction's picture

It is the SPELL in spelling. Right in your face.

Words have power. Use them wisely.

Oh regional Indian's picture

Precisely, and the Grimoire in grammer...

Troy Ounce's picture

 

So Western civilisation is ending but the gold price is just what it is. Hey Doug?

Good old demand vs. supply.

 

BeanusCountus's picture

True. But he thinks outside the box. Not the greatest investment advisor. Still beating Gartman though. Personally, I enjoy reading his stuff nonetheless. Smart in my book. Won't be meeting him in Argentina.

You are right. There is quite a bit of gold out there. More being mined every day. Not a ton of demand for physical gold. Too many options on a "paper" way to hold it. Only thing I can say is that it's beautiful and will stay that way. Will acquire more of it as always. A side thing. Central banks are behind stocks like Apple. Wait... What? Sad. Not protecting their money supply, just buying teck companies. Which we know will be gone in the long term. Think about that.

Trucker Glock's picture

Suze Orman said best way to buy gold is ETF.  She's a highly respected financial something or other, so she would know.  Can I buy GLD with a pre-paid debit card?

macholatte's picture

 

Well now how about that.

Something from Doug Casey worth reading without having to subscribe to one of his bullshit news letters.
Booya!

AltRight Girl's picture

Blame the jews and the dumb religious sheeple.

As Nietzsche said: Christianity is the religion of the weak...slaves, women and the disabled. 

The white race/western civilization needs to go back to Odinism, or embrace multiculturalization aka genocide.

Non-White Migrants and the Catholic Church: The Politics of Penitence

http://dailywesterner.com/news/2017-05-07/non-white-migrants-and-the-cat...


john doeberg's picture

I second that..even though I should be offended.

Am I turning white?

Oy Vey !

MK13's picture

All I can say about Casey is this - his countrywide put recommendation got a 100x return in 2008. When crap falls, he can smell where it's coming from. He's putting government motors now.

BeanusCountus's picture

Suze Orman is "a highly respected financial something or other, so she would know". Now that.. is funny. She is what she is. And made quite a sum of money regurgitating mainstream money mantra as if it is fact. Good for her. I can't do that because I know it isn't true.

BobEore's picture

Yes, speaking of spells...gold ... and the golum/golems who held on to their (my)precious fantasies in the face of facts for so long hereabouts...

might be good time to pull out another gem from ORI's treasure box ... https://aadivaahan.wordpress.com/2012/01/19/shattering-midass-curse-gold...

from back in the daze when it was still OKz to think thoughts heretical to the ONEMEDIA hive mind here... and zheeple was still peeple - at least some of us - instead of the army of sock puppets which infest this space - specially of a Sunday - nowatimes.

Ahh... the good ol dayz. When ideas were the weapons of engagement, not spittle and venom. And folks SPOKE ...with their words... not POKED with their lil vote meter pricks. Fight club? Buried... in a miasma of illiterate halfwits running from one messiah to the next, at the command of their pie-holed pipers.

Those were the days my friend, we knew they'd surely end... but it was a blast while it lasted! EH?

Oh regional Indian's picture

Indeed Brother Bob :-) This place is almost done I think..... get in touch when called....

Not much longer left on the ZH time-line....

9Ball's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://bit.ly/2jdTzrM

nmewn's picture

You "two" about done pimping that ridiculous website or is there more below?

sincerely_yours's picture

Okay Doug, go live in Africa.

August's picture

Clearly, you missed out on the public tranches of Doug's beachfront development in Mozambique.

Argentina is working out, though.  I guess.

Velocitor's picture

"That the leaders of which will not even defend."

 

And there's your clue...

chiaroscuro's picture

 

If you focus on the mess around you it’s easy to conclude that the values and accomplishments of Western Civilization are hopelessly lost. But if you turn your attention to how we arrived at this point you may appreciate that the path which led us here is the same trail that could lead us out…with a simple change of direction.

Of course, it will be much harder to struggle back uphill than it was to stumble down. And that’s not to say we can avert disaster along the way. Nonetheless, those of us who value freedom, reason and morality must make a daily choice to work towards rebuilding what we’ve lost, even though it will take many generations to do so.

 

Anteater's picture

Doug Casey is one sick gold-buggering f'ck. ¿Asia's achievements are kung fu and yoga and pho? F'ck you, you pommy ass!

The only thing that lifted Western civilization out of its 2,000-year frozen-in-time Roman Catholic-Torah rut was Eastern math and science, from civilizations already impossibly old, while the West was still living in utter barbarity. Arabs taught the West astronomy and navigation. India taught the West mathematics. Asia taught the West science. It wasn't until just a few hundred years ago, an eye-blink in time, that the West threw off the crushing Catholic-Torah yoke, developed a Renaissance in free thought and Protestantism, spread out away from the mysogynist ignorance and filth of the Catholic-Torah Dark Ages, and 're-discovered' civilization that had been patiently waiting for it to mature.

And what did civilization receive from the West? Unremittant SLAUGHTER, which continues right down to this very moment in time! The West's contribution to Doug's view of 'civilization' was the steam engine, organized religion and golden corn margarine, 97% fat free! That is, industrialized slavery, perpetual pederasty and Madison Avenue.

Orange Jesuit and his Gold-seeking Czar & Czarina of All Things are taking America right back to those same Dark Ages. And all of the fiat toilet paper GLD/SLV and Bitcoin in the known universe won't put civilization back together again. It is really  truly over. The Catholic-Torah filth won. Hunker down in place. This sh't's gonna get weird. Witches and bonfires and animal sacrifices weird. Inquisitions and Shibboleths! Signs and Tribulations! $acrifice your children to the Golden One-Eyed Jaweh!

Oh regional Indian's picture

You speak like a brother of mine would.... righteous anger, well directed.....

Socratic Dog's picture

I dunno, pho is nothing to be ashamed of.

Your comment is typical antifa white man hatred. We owe the muzzies a debt of gratitude for maintaining the knowledge we did our best to destroy, they added to it but not much. But we, white men, are the ones who invented and maintained logical, analytical, representative thought, and that's where the Western body of knowledge is rooted. Take that away and you're left with...not much.

Slaughter? Give me a break. The white man is just better at it than anyone else. Which you fuckers would do well to keep in mind.

Rusty Shorts's picture

"Civilization" ended on April 12, 1861

Giant Meteor's picture

Ah, the war of Northern Aggression ...

peddling-fiction's picture

We are getting Piked.

The Wars and Crashes have all been planned back in the day.

The upcoming Crash and War as well.

Giant Meteor's picture

I wasn't kiddin on the "souls for burnin" thing ..

peddling-fiction's picture

Soon enough. No giant meteor needed for their Phoenix act.

Oh regional Indian's picture

Somewhere, some in-bred, half mad israhelli's are dancing on their vans, thinking they are winning....

peddling-fiction's picture

Yahu's boys do think that. Servant like master. Both deluded, and cruising for a bruising.

rejected's picture

Turned the voluntary union into a forced union. States lost their power and citizens lost their liberty to federal tyranny. 

Funny today the union still exists but we are far more fragmented then in 1861.

D Nyle's picture

I see the Future looking like Sub Saharan Africa. Mothers will pump out 15 Kids in the hope that one will become rich and take care of them. The 80-20 rule will be in effect. 80% of the population will be ruled by the 20%.
The laws and government will protect the 20%, while the 80% will be considered "Less than Human".
The 20% will allow token winners in, to give the 80% a little Hope. (Mark Zuckerburg)

Education will be for the rich only, like in the past. Keep the Plebs stupid and drunk and Kings can be Created.

August's picture

>>>The 20% will allow token winners in, to give the 80% a little Hope.

Ah... the secret sauce of all Ivy League admissions committees.

Anteater's picture

"Yes, and you won't have to repay your 8-3/4% interest Federal fiat-out-of-thin-air student loans, *ONCE* (sic) you're employed by and work in your chosen field for 5 years! Sign here!"

Then the Republicans declared student loans are the ONLY debt that can't be declared bankrupt, even surviving your DEATH.

Then they turned over loan collections to the same Wall Street filth that organized 2008 and TBTF QEn.

Then they collapsed white collar hiring by importing Hindustanis by the 100,000s a year.

Bait and switch, baby. Bait and switch. The only way to win is not to play.

LyLo's picture

While I agree in principle, Mark Zuckerburg was raised in a town where the median income for families was $93k.  His mom was a psychiatrist, and his dad was a dentist.  That isn't exactly bottom 80%, now is it? 

(We're WELL past "token winners" from the bottom 80%; now they get them exclusively from the top 15% and pray the bottom 80% doesn't notice.  Look hard at all those "winners" from the last 20-40 years and you'll be surprised.)

Scanderbeg's picture

Not by Israhell of course.

This has been the plan all along.

Sick Monkey's picture

Two square meals a matress and a roof is kind of nice. Everyone wants the same thing. Borders are a way hoard. Goverments originally collected taxes to create a safety net for future generations. Maybe that was the start of decline. Having control of dead peoples money is risky. Who's going to spank you when you spend it on hookers and a sauna.

Winston Churchill's picture

As Mahatma said, when does it happen ?

If our current suicidal death cult is civilization, we went horribly wrong somewhere.