Doug Casey On What Really Happened In 2023 And What Comes Next | ZeroHedge

Authored by Doug Casey via InternationalMan.com,

International Man: As we approach the end of the year, let’s take a step back, look at the Big Picture, and put 2023 into perspective so we can better understand what may come next.

Significant financial, economic, political, cultural, and geopolitical developments occurred in 2023.

On the cultural front, 2023 may be the year that the tide started to shift against the woke insanity.

BlackRock’s Fink dropped ESG. Woke movies continue to bomb at theaters. Bud Light, Target, and Disney continue to feel the pain of deliberately alienating their customer base.

What’s your take on the cultural developments in 2023?

Doug Casey: There are always reactions to major trends. These things are worth noting, but considering the virulence of the woke movement, the reaction has been tepid. There’s always a rearguard fighting for things as they are. And that’s wonderful because the Wokesters want to overturn the entire culture much the same way as the Jacobins overturned it in revolutionary France, the Bolsheviks overturned the culture in Russia, the Red Guards in China, or Pol Pot did in Cambodia.

International Man: 2023 was a year of major geopolitical developments.

It became evident to even the mainstream media that the war in the Ukraine was not going well for NATO.

There was also the Hamas attack and the Israeli invasion of Gaza.

Azerbaijan defeated Armenia to reclaim a long-disputed territory.

Saudi Arabia welcomed Syria back into the Arab League, ended the war in Yemen, restored diplomatic relations with Iran, joined the BRICS countries, and expanded its economic ties with China.

These are just a few of the most prominent geopolitical events of 2023.

What do you make of the geopolitical situation and where things are heading?

Doug CaseyThe end of US hegemony over the world in all areas is becoming obvious. The world resents being bullied and controlled by Washington, DC.

International Man: In 2023, the US continued the trend of more political polarization.

What were the most consequential events on the US political front, and what do you think comes next?

Doug Casey: Let me reemphasize that the Jacobins who control Washington, DC, have the same psychological makeup as past revolutionaries I’ve mentioned.

International Man: The projected annual interest expense on the federal debt hit $1 trillion for the first time in 2023.

Americans are still paying for the rampant currency debasement during the Covid hysteria as the price of groceries, insurance, rent, and most other things continued to rise in 2023.

It looks like a recession is on the horizon.

What are your thoughts on economic developments in 2023 and your outlook for the months ahead?

Doug Casey: As an amateur student of history, it seems to me that the US has been moving away from the founding principles that made it unique for over a hundred years. I’m 77. I’ve watched it happen firsthand for much of that time.

International Man: This year, we saw the price of gold hit a record high, uranium reached $81.25 per pound, and Bitcoin more than doubled as it entered a new bull market. Meanwhile, the S&P 500 is up around 21% year to date as of writing.

What are your thoughts on what happened in the financial markets in 2023 and what could come next?

Doug Casey: Unfortunately, the US central bank, the Fed, has a gigantic amount of influence over the markets.

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Doug Casey’s forecasts helped investors prepare and profit from: 1) the S&L blowup in the ’80s and ’90s, 2) the 2001 tech stock collapse, 3) the 2008 financial crisis, 4) and now… Doug’s sounding the alarms about a catastrophic event. One he believes could soon strike. To help you prepare and profit, Doug and his team have prepared a special video. Click here to watch now.

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