tv Book Discussion on Right on the Money CSPAN October 31, 2015 5:30pm-6:01pm EDT
booktv has covered many of these candidates. you can watch the on our web site, booktv.org. >> joining us on booktv is doug casey. what you do for a living? >> guest: what do i do for a living? i wear a number of hats actually. venture capitalist, publisher and author, you have my last book in your hand, very pleased to see it and we will get to that in just a minute. >> guest: how did you get into the businesses you are in? >> guest: like many things it is a question of making a right turn at a corner instead of a left turn. so lot of things are accidental. when i was a kid the first thing i wanted to be was the paleontologists, all about
dinosaurs, that led me to an interest in geology, later on i wanted to make some money so i started studying economics. i got into the mining business, mining finance. for many years i kept up an interest in many different subjects because if you are going to be an effective venture capitalists it is important to know as much as you can about as many subjects as you can. i guess that sums it up. >> host: when we think of venture capitalists we think of silicon valley and technology. >> guest: i am a tech file but when it comes to using a computer you can't kiss all the girls. i use my computer mainly as an ibm electric look-alike and something to access the internet. i probably use a tenth of the capabilities, being generous.
that is not the area i get into. >> host: have you been successful? >> guest: i think i have. if i retired today, i don't want to because i want to fill my idle hours with something. i wouldn't have to work again for several lifetimes, but i am not money motivated. money is extremely important, but it is not the most important thing in the world. money is something that allows you to put his theory, whatever your theory is coming in to practice. one of the problems with a lot of libertarians they tend to be penniless intellectuals. they all hate karl marx but they are like karl marx because he stopped riding about capital and earned some of it. this is a big problem.
>> host: are you a libertarian? >> guest: i am more than a libertarian. i started out as a liberal when i was about 8 years old. i asked my mother to write a letter to president eisenhower and do something about all those poor black people living in the ghetto. i lived in chicago at the time. then i became a conservative after i read barry goldwater's great book, what do you call that? >> host: conscience of the conservative. >> guest: exactly right, conscience of a conservative. my next step, i was 23 and i read the virtue of selfishness. i thought i was sent objectivist. i didn't realize at the time it was a religion. i am a big fan of hers nevertheless. i read another book called the market for liberty, which convinced me i was an anarchist.
like many of the people at this convention i don't believe the government serves a useful purpose or even has a right to exist. the answer to your question is i am and at oracle capitalist. >> host: "right on the money" is your latest book. what kind of anarchy capitalism is in this book? >> guest: is exactly that. this is primarily a financial book and i talk about what is going on in the world from the point of view that most of the bad things in the world are caused by the state as an institution but the good news is the state destroyers and immense amount of capital and everything else but at the same time creates distortionss in the marketplace and these distortions i think speculators can capitalize on. from the point of view of
society government is a terrible thing but from my point of view as the speculator is a good thing. >> host: from your book, page 293, what a wonderful thing the constitution is but i always suspected u.s. and world history would be different and better if those delegates had done as they were told and smooth over the rough spots in the articles rather than replace them with the constitution. >> guest: yes. i believe that is an accurate statement and i will explain why. most people especially conservatives think the constitution is written on gold leaf, handed down by a higher power. i think the constitutional convention in 1789 was actually what amounts to a coup. the delegates to the
philadelphia to write the constitution were authorise only to make certain modifications to the articles of confederation but they changed everything. saying that, constitutions that exist in the world today the u.s. constitution is still the best constitution but i think we would have been better off as 13 states stayed 13 states instead of coming together in the federal government. put it that way. the whole thing aboutgovernment. put it that way. the whole thing about the constitution is meaningless because it is a dead letter. nobody knows the constitution, a has been interpreted out of existence, even a bill of rights is meaningless today. lip service that must. by make a point about the fact the country would have been better if it had never come
together as the u.s. and stayed independent states but the constitution to date is meaningless anyway. >> host: as a business person how much involvement with government do you have? >> guest: i tried to have as little as possible with the u.s. government but my hobby for the last 30 years going to third world countries, often military dictatorships, talking to the guys that run the country, giving them a radical program to take their place, off the bottom of the totem pole and turn them into a new singapore on steroids which is possible so i have had some wonderful adventures doing that. last month i spent ten days in the islamic republic of mauritania talking to the
government and rich guys with influence about slight modification of my usual plan, making it into a free state. will lie succeed? i haven't so far. this is a hobby. i used governments, i don't like them. i stay away from the u.s. government. the u.s. government is genuinely dangerous. that is what i do. >> host: if you had to define the u.s. government's purpose, what is the definition? >> guest: the u.s. government is the most conservative institution on the face of the planet at this point. the u.s. government is like any organization whether we are talking about a company or ngo or an enemy of for that matter. the first directive is survived.
like any bureaucracy, in order to survive it has to grow and become more powerful and this is what the u.s. government has done. it has taken over american society. everybody looks to the u.s. government as a cornucopia, a cure all for everything that ails us. what they are doing is looking to a cancer to q or other diseases. completely insane. there is nothing the u.s. government does that the market would not do. cheaper and better and most importantly without coercion and that is what government is all about. the power of the state comes out of the barrel of a gun. i don't think that is a proper way for free people to relate to each other. >> host: would you think of the warren buffetts and bill gates of the world giving away their personal fortune? >> i think they're idiots. they are obviously geniuses.
warren buffett when it comes to investing, genius. bill gates, what he does, a genius. same can be said about ted turner for what he did. just because these people are superb in one area doesn't mean they are fountains of wisdom. i think it is insane, they're giving away their fortune to charities. i am reasonably familiar with charities and the way they work. they dissipate capital. often times the money given to people to -- thousands of people, for the good of the donor to make some feel good, or to help from compensate for their past sins in their own mind but the people who get the money, tends to cement them to
the bottom of society. most of the charities's money goes to fund-raising parties, so no, i think it is foolish. warren buffett really wanted to help the people of the world he would just continue what he is doing forever, growing capital, the way we all become wealthier, by increasing the amount of capital in the world, not by kissing it away to people who haven't earned it. >> host: who is st. louis k. alex the book's structure? >> guest: lewis worked for bolognese research. he iscasey research. he is our mining analyst but like an olustee is an intellectual who knows the right questions to ask. >> host: how did you structured
this book? >> guest: in the form of interviews. asked me up question and i will give you an answer like we are doing now accept very specialized topics. i cover the waterfront from africa to i don't know what begins with a z. >> host: zimbabwe. >> guest: i spent a lot of time in zimbabwe. my first book the international man, was the largest selling book in the history of rhodesia which is what zimbabwe used to be. i went there a number of times during the war in the 70s, it is called for rory. and everybody bought the book. how to make the most of your personal freedom and financial
opportunity around the world and at that time, 250,000 europeans were in the country, thinking about making the chicken run and the book flew off the shelves. now probably less than a thousand europeans in zimbabwe. i am going back there in january. it will be a waste of time. an old guy soon to die, but some of the people under him might not be as stupid and corrupt. i will engage in my hobby again. >> host: were you a friend of ian smith? >> guest: no. i knew lots of people who knew him and i never met him unfortunately. should have, would have, could have but didn't. >> host: why do you think zimbabwe became what it is? >> guest: because of the flawed
philosophy. in other words as time goes on, mugabi became more corrupt but had the wrong philosophical foundation. he believed the state should do everything. and it did. they control, confiscated all lands, zimbabwe is 50 years ahead of where the u.s. is going. >> host: when you woke up this morning what was the issue that was on your mind? what issue were you thinking about? >> guest: the next thing i am going to after we finish this is listen to a debate between paul krugman who is a political hack disguised as an economist debating steven more, who is an actual economist, libertarian,
krugman is much more glib than more is. i am sure he will be perceived to win the debate. she is a clever guy. almost everything that comes out of his mouth is not just wrong but the opposite of the right thing, but fun to listen to and clever. i thought about that along with this interview we are doing as being the highlight of my day. >> host: you have to give paul krugman credit for coming due freedomfest. >> guest: i do. i think his thing unlike most nobel prize recipients is building the cult of his own personality. if you wave a camera and/or a crowd in front of him he will appear like a lap dog anywhere. >> host: from "right on the money," people need to understand cops are not their friend. the last thing you want to do is
have any contact with them at all. >> guest: this is not true of all cops. some cops are good guys. the problem with the police is many of them, made the most of 4 all i know, seem to have an extra y chromosome. they are aggressive. cops today have -- it is us, the cops, the good guys, against the miscreance of society and increasingly in the united states most cops are ex military and the military of course is put on the pedestal, the military is just a place where you take orders from all kinds of terrible people and follow them like a robot. it is a culture of violence and slavery and most of the cops today, the younger ones are acts
military. they are quite dangerous once they put on that uniform. >> host: are we living in a police state? >> guest: we are moving in that direction. absolutely. as we speak right now here in the middle of 2015, i would say the financial plot is in the same place that it was in 2007, perhaps even early 2008. i expect the economy to collapse and recall how unpleasant it was in 2008. and this time things are going to go off the edge much worse, much different than they did in 2008-2009. governments have been creating trillions of new currency units over the last several years at
it is not just the american government. chinese, european, japanese, i think we are going to experience a very severe and long-lasting depression characterized by inflation this time around. when we get together at this time next year we will see if i am right or wrong. is long overdue in my opinion. >> host: a quote from "right on the money," i do think there's a significant chance we are heading for something that might vaguely resemble world war iii. >> guest: yes. this could happen, i don't know what the catalyst could be. we never really know these things, but what is going on with isis in syria and iraq to my mind is perfectly predictable because neither syria nor iraq are real countries, they are artificial constructs created
arbitrarily in the board rooms of europe, all the countries in africa, all the countries of the middle east, central asia, so isis is not a very benevolent organization, but an organic organization. was predictable. that is one possibility. what is going on in but ukraine, the next -- in spite of the separatists, they are backed by the russians but they have every right to want to cut away from the ukraine which isn't -- it is like a political intertidal zone, not a real country. it should break up into at least 3 to, maybe five or six political entities. those are a couple places things might happen. saudi arabia, gigantic accident
waiting to happen, has been waiting to explode for the last 30 years. when saudi arabia blows up, breaks up, it will be interesting to see. the problem is at this point the u.s. government is acting as its own provocateur around the world using its military power which is about the only part of the u.s. government that worked to make trouble, stick their noses in all kinds of places where it doesn't belong. this is not going to go well especially as the economy turns down but next time because when things get bad economically governments always look for somebody to blame. it is those damn chinese that caused this problem, they are making things too cheaply, the saudis causing this problem, they are manipulating the price
of oil. this is a good reason. or the iranians, the perpetual debt market. i think probably the most dangerous entity in the world today is the u.s. government. >> host: is it fair to say that the precarious forever have been saying the sky is falling? >> guest: sure. it depends on how you look at trends and how far back you want to go. after the constitution was the together in 1789, three years later the congress passed the alien sedition act, which if they hadn't been repealed would have already started to turned the u.s. into a police state back then. then the war between the states which is incorrectly called the civil war because it was a war
of secession, not a civil war where the 2 entities were competing for the same government, did a lot of things, and the u.s. has been going downhill certainly since the mckinley when the u.s. conquered the philippines about 200,000 filipino lives, people forget that. so sure. everything, the second law aerodynamics' which basically is entropy, it states everything, everything over time devolves and falls apart and becomes worse unless it has a substantial input of outside energy. it happens to the human body, a happens to government, happens
to countries but it is all predictable. we just don't know how long it is going to last. but i think 100 years from now the map on the wall showing the u.s. will have a different form than it currently has and i question that the u.s. will even be one entity. >> host: this is from "right on the money". ever since i was a teenager i thought christmas at least as practiced in most of the west is a bad idea. what do you have against christmas? >> guest: that is really a comment on christianity. i grew up a roman catholic. which i like to joke was being a member of a cannibalistic death cult.
at this point i don't believe in an entity in the sky we have to worship. i like the trappings of christmas, but actually if people took their religion seriously which they shouldn't, i don't think, unless you want to define religion as the quest for a possible spiritual existence which i think is interesting and you should do because we might have a spiritual existence, very well might. it has nothing to do with these commercial enterprises like all the churches are today, they are corrupt, they are counterproductive, and i guess i go on about religion in a number of -- this series of novels i am writing which we get together next year and i hope we are talking about the next one,
speculator, unjust lead be smirched occupation as a speculator. you can be a very good guy and be a speculator. the sixth and final novel is when i can do my things on religion. it is called anti christ. our hero after having been of warlord comes back to the u.s. when you are a successful war lord, they think he is god and if you are god you have to give them our religion so our hero comes back to the u.s. and comes up with a new religion to overthrow cristiani and islam and so forth so i am sure more people. the then than help me now. >> host: if somebody picked up "right on the money" what do you want them to take away from this book? >> guest: take control of your own life. become rich. if you become rich honestly, you will only be able to do so by
providing goods and services other people want and making the world a better place. among other things. >> host: doug casey is the author, "right on the money" is the name of the book, booktv on c-span2 is on location in las vegas at the annual freedomfest. >> here is a look at some of the books being published this week.
crisis for more or less conception in the summer of 2011 long before there was any isis presence in syria or acknowledged declared presence and i got to know a lot of the opposition which in the beginning had been peaceful protesters and activists when it became an armed rebellion against the bashar al-assad regime i started to do lot of rebelling -- reporting meeting with refugees and rebels. you have to understand southern turkey, the kind of barracks for this revolution, this rebellion. in the summer of 2012, it was ramadan, i went into aleppo with the syrian convoy as part of the city, the northeastern quadrant had been liberated from the bashar al-assad regime and spent the night in the town an hour's drive to the north, stayed with a family, the owner of the house was a syrian rebel, spent the night, so did a few
other journalists. it was extraordinary because i had seen firsthand, it is one thing, the new york times, at cnn, to see images broadcast from thousands of miles away but you have to see it for yourself to understand the driving force behind this rebellion. it was amazing because at night these rebels found their guns picked up white gloves and garbage bags and were cleaning the rubble from the streets because the bashar al-assad government was bombarding civilian infrastructure, they actually targeted a hospital so that any activist civilians or rebels injured or badly wounded could not be treated. ..