'Insane' Tariffs To 'Destroy' Living Standards, Trigger 'Real Crisis | Doug Casey

Summary

Doug Casey joins David Lin to discuss the newly enacted U.S. tariffs on China, Canada, and Mexico and the risk of a broader trade war. Casey argues tariffs are destructive and will lower living standards rather than cause general inflation, and he warns of a possible real crisis if politicians escalate. He is bearish on the long-term U.S. dollar and tech stocks, while favoring gold and small resource companies.

• The U.S. announced tariffs on Canada, Mexico, and China, with later pauses reported for Canada and Mexico during the recording window.
• Doug Casey argues tariffs are taxes paid by American importers and will reduce living standards rather than cause general inflation.
• Casey criticizes national-security justifications for tariffs and warns of retaliation, smuggling, and a possible real crisis.
• He sees the U.S. dollar in a long-term downtrend due to large deficits and Fed money printing.
• He avoids tech stocks, calling the sector a deflating bubble.
• He favors gold as a non-liability crisis asset and continues buying it.
• He likes small resource companies as the market's most underpriced sector.
• He briefly criticizes the U.S. college system and mentions an upcoming book.