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According to Doug Casey, writing at LewRockwell.com, 80% of the “COVID disaster is a scam.” Doug is a long-time friend from my days of traveling to international investment conferences during the 80s. He’s a smart guy, and he hits the nail on the head here. He writes (abridged):
I’ve long been of the opinion that 80% of this COVID disaster is a scam.
It’s the best means of controlling the masses since the invention of central banking and the income tax. Better, actually, since everybody cares about their health, but not everybody cares about money.
That may sound like a conspiracy theory, though I’m not partial to conspiracy theories for a number of reasons. But the fact that this hysteria took over the world so quickly, exclusively benefiting the people in charge, makes me very suspicious. Scared people are much more prone to look for leadership promising to solve a problem. Even if it’s an artificial one they created.
Is Universal Basic Income (UBI) already here to stay for good in the US? What are the investment and other implications?
I believe it is.
The near-term consequence of the trillions of dollars of funny money showered on America is probably going to be a crack-up boom.
One big question is what will happen to millions of renters now in “forbearance.” They’re not paying the rent, and several million homeowners are also in forbearance. The landlords are going to be looking for back rent, and the banks are going to be looking for mortgage arrears.
Are millions going to be kicked out of their apartments and houses? Does this mean we’re going to have a new wave of homeless people? Or will the State just take over their obligations, so we have overtly socialized housing?
Read more from Doug here.
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