Doug Casey on Rising Prices and Falling Values—Inflation and Social Decay

Inflation Destroying A Ben Franklin Bank Note

International Man: Whether it’s at the grocery store, the mall, restaurants, or airports—anywhere you turn—people are finding inferior goods and services at higher prices.

Living standards have taken a big step backward recently and are trending even worse.

What is really going on?

Doug Casey: People have a natural inclination to blame the producers—the butcher, the baker, and the gasoline maker—for higher prices. But that’s a huge mistake. Higher prices (barring a natural catastrophe that destroys real wealth) are 100% caused by increases in the money supply. It’s perverse that producers are blamed for price inflation while the Fed and the government are lauded for fighting inflation. The public’s perception is the exact opposite of reality.

Producers fight the effects of government currency debasement. Surprisingly, few people confront the fact that the government doesn’t create anything of real value; it doesn’t weave, spin, or sew. It only produces regulations, taxes, fiat currency, and fiat credit. These things take prices higher. Inflation of the currency, which is to say increasing the amount of purchasing media above the increase in real wealth, amounts to the State subtly stealing capital and wealth from its subjects.

But reality be damned. The average citizen sees his government not as a predator, but a protector. He’s been taught that in “our democracy,” the government is “We the People.” Producers are blamed as exploiters. The real enemy, however, is the State and its central bank, the Fed.

There are only two ways to survive: By producing and trading, or by stealing what others have produced. Currency inflation doesn’t “stimulate” the economy; it’s a fraud permeating society. It works to overturn trust and standards of morality. It’s a poison that creates a class of parasites and eats away at the middle-class citizen’s standard of living.

In a truly free market society, prices would drop constantly, and the standard of living would rise. The Fed’s target of 2% inflation is not only crazy but evil.

International Man: How does inflation erode ethical standards? You mean it leads people to cut corners, lie, cheat, or even steal as they try to maintain their living standards?

Doug Casey: Absolutely. The prime directive of all living things is: survive! That’s true whether we’re talking about governments, corporations, individuals, or amoebas. They’ll do whatever necessary to survive. In the case of individuals and corporations, survival is about producing.

Inflation is about theft—not production. It’s a subtle form of theft, like embezzlement, that’s hard to diagnose. Theft discourages production. If there’s less and less production, more and more people resort to theft in order to survive. Theft breeds more theft.

Economics is the study of how men produce and consume in order to survive. The average person may not understand much about economics, but they have an intuitive understanding of morality. When the currency loses value they sense a theft. Especially if they see the “elite”, the heads of governments and large corporations, becoming wealthy. The elite set a country’s moral tone. They’re also in a position to profit from inflation. It’s said that a fish rots from the head down; the same is true of a country.

Currency inflation leads to violence, revolution, and overturning of civil society itself.

International Man: How does inflation contribute to a more litigious society, with people increasingly looking to take money from others through the legal system?

Doug Casey: Although the average person doesn’t understand economics very well, he does understand that some people are getting rich without producing anything. In today’s US, a certain class of people have gotten rich because of inflation (theft), not production. How so? They’re wired to the government and the Fed. When fiat money is created, it goes to them first and in the largest amounts. The average guy doesn’t benefit from trillions of government spending. The “elite” and members of the Deep State, however, benefit immediately and directly from fiat currency creation.

The broad public suspects a theft is going on. They just can’t quite figure out who the thieves are. So they blame the producers. Which suits the government perfectly; they can “step in” and pretend to be the hero.

A society based less and less on production and more and more on the theft of pre-existing wealth inevitably becomes a Hobbesian warzone of all against all. The legal system is supposed to protect society from theft by offering an alternative to physical violence. However, as society is increasingly captured by non-producers, they corrupt the legal system. Millions of laws and regulations have made the US legal system a vehicle of theft and a playground for parasites.

Let me paraphrase Al Capone. “One thug with a gun can steal $100 from a store. If he’s caught, he’ll go to jail for years. But a lawyer with a pen can rob a country of millions, never get caught, and become a leading citizen.” That’s what’s going on.

The US legal and monetary systems have become corrupt. The fact that the US has almost 1.4 million practicing lawyers is a symptom of corruption. They’re used as weapons to steal from producers. The law has become so complex and degraded that its extreme costs and slowness throws sand in the gears of the economy.

International Man: What are some historical examples of inflation leading to significant social and cultural degradation, and what lessons can we learn from them?

Doug Casey: The destruction of the currency always leads to a social upset. That’s because people who produce typically hold their savings in the national currency. But if the national currency is destroyed, a huge portion of what they’ve worked for throughout their lives is also destroyed.

Inflation upsets the entire basis of civilized society. It was a major reason why Chiang Kai-shek’s regime collapsed in China after World War II. That’s a major reason why the Communists—whatever else they’ve done to China—have been reasonably competent managers of their currency.

The Weimar Republic in Germany after World War I completely destroyed the Mark, and the social upset that inflation caused led to rioting in the streets between the Nazis and the Communists throughout the 20s, followed by a Nazi victory in 1933 via a democratic election.

Some countries suffer from perennial inflation, which results in constant attempts to take over the government. Why? The same reason Willy Sutton robbed banks: “That’s where the money is.”

When real wealth becomes hard to produce, a certain type of person is drawn into politics. They realize they can become wealthy through political power, as opposed to producing things. It’s why countries with unstable currencies become unstable socially, economically, and politically as well.

International Man: You have frequently discussed how to protect yourself from inflation’s financial and economic effects with gold and other hard assets.

However, aside from the financial effects, how do people protect themselves from inflation’s negative social, cultural, and political effects we’ve discussed today?

Doug Casey: The most important thing you can do is gain skills. Lots of skills, both in breadth and in depth, so that no matter how things sort out, you’ll always be in a position to produce things that people want.

Let me share my favorite Robert Heinlein quote about this.

“A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.”

For many years, I’ve considered college to be a complete misallocation—even worse, a counterproductive waste—of four of the best years of your life and a lot of money. Why pay to have your head filled with incorrect ideas? Once planted, they’re corrosive and hard to wash away.

So the answer to the question: What should one do right now? Prepare yourself intellectually, psychologically, physically, financially, and skill-wise for tough times.

Put yourself in a position to produce more than you consume. Save the excess in precious metals, and learn to invest and speculate with that capital. Keep your wealth from being inflated away by your government.

Editor’s Note: As inflation continues to chip away at purchasing power, it will steadily undermine savings, create distortions, and punish the people who worked hardest to build real wealth.

But it’s not all bad news…

For those who see the danger coming and want to position themselves before the next wave of turmoil hits, Doug Casey and Father of Reaganomics, David Stockman just released a report which reveals how to take prudent steps to defend purchasing power, protect your capital, and potentially come out far ahead as the economic reset unfolds.

It also includes a specific, actionable speculation designed to help investors potentially profit as governments continue inflating away the value of paper wealth.

Click here to see it now.

Source: https://internationalman.com/inflation-proof-asset/

Interracial Marriages

Before the loud modern debates about

“Why is that sista with a White man?”

Before Guess Who’s Coming to Dinner (1967)…

Before “race” became the loudest lens we use…

Pause.

Because history tells a quieter, more uncomfortable truth.

If you go back far enough…

someone in your bloodline did not look like you.

Not metaphorically.

Literally.

In the 1400s, Portuguese ships reached the coasts of West and Central Africa.

If you think they were only trading…

your history teacher left something out.

Look at Cape Verde (1462) — a society built from African women and European men.

Look at Brazil (1500s onward) — one of the most mixed populations on earth.

Look at parts of Angola (1500s–1600s) — where cultures and families blended over generations.

That’s not opinion.

That’s record.

Now pause here:

What does it mean… if mixing isn’t new?

What if it’s actually one of the oldest human patterns?

Long before modern categories, people moved.

Traders. Sailors. Soldiers. Families.

Across the Mediterranean.

Across the Atlantic.

Across deserts and oceans.

And wherever people met…

They didn’t just exchange goods.

They formed relationships.

They built families.

They created you.

So if we’re still arguing about love today…

What else have we misunderstood?

Because here’s the part that humbles all of us:

That man you judge…

That woman you question…

Could carry the same bloodline you do.

Just further back.

Hidden in time.

History is not as divided as we were taught.

It is layered.

Connected.

Intertwined.

And maybe the real truth is this:

We’ve always been closer than we think.

So the question isn’t just “Who should love who?”

It’s this:

What would change… if we understood how deeply connected we already are?

If this made you pause, pass it on.

Because someone out there is still seeing the world in lines…when history has always moved in circles.

Dan Shechtman

Dan Shechtman

April 8th, 1982. A materials scientist hunched over his electron microscope in the National Bureau of Standards, staring at something that shouldn’t exist.

Dan Shechtman had just fired electrons at a metallic alloy, a routine test he’d done hundreds of times. But when the image appeared, his stomach dropped. Ten bright dots arranged in perfect circles, each equidistant from the next. A tenfold symmetry.

His hands trembled slightly as he scribbled in his notebook. He knew what this pattern meant, and he knew it was impossible. Every crystallographer since the dawn of modern science understood one fundamental law: crystals repeat. Their atoms arrange in patterns that tile infinitely, like bathroom floors. Three-fold symmetry? Fine. Four-fold? Sure. Six-fold? Absolutely.

But tenfold symmetry? That was mathematical heresy.

Shechtman checked his calculations three times. He prepared new samples. He looked again. The pattern stared back at him, defiant and impossible. He had discovered what would later be called a quasicrystal, a material that breaks the most basic rule in the crystallography textbook.

The reaction from his colleagues wasn’t curiosity. It was fury.

His research group kicked him out. Fellow scientists dismissed him as incompetent or delusional. Linus Pauling, the giant of chemistry who had won not one but two Nobel Prizes, became Shechtman’s most vocal critic. At conferences, Pauling would stand up and declare with absolute certainty: “There are no quasicrystals, only quasi-scientists.”

Quasicrystals weren’t just a laboratory curiosity. Once scientists accepted they existed, they found them everywhere. They’re now used in specialized applications like surgical instruments, LED lights, and experimental non-stick coatings. The atomic structure that was “impossible” in 1982 has found its way into advanced technologies.

Even more remarkable: in 2009, researchers discovered natural quasicrystals in a meteorite from the Khatyrka region of Russia. This material had been floating through space for billions of years, proving that quasicrystals aren’t just possible, they formed in the early universe. Nature had been making them long before humans decided they couldn’t exist.

Pauling, despite his brilliance in other areas, never accepted quasicrystals. He died in 1994, still convinced Shechtman was wrong. It’s a humbling reminder that even genius has blind spots, and that scientific progress sometimes requires the old guard to step aside.

Imagine dedicating your life to a field, making a groundbreaking discovery, and having your heroes call you a fraud.

But Shechtman didn’t back down. For years, he defended his work, repeated his experiments, and invited skeptics to see for themselves. Slowly, grudgingly, the scientific community began to accept what their textbooks said was impossible. Nature, it turned out, was far more creative than human assumptions.

In 2011, twenty-nine years after that April morning, Dan Shechtman stood in Stockholm and received the Nobel Prize in Chemistry. The ceremony’s speech captured it perfectly: his discovery had reminded the world “how little we really know” and “perhaps even taught us some humility.”

Sometimes the most important thing a scientist can do isn’t follow the rules. It’s have the courage to trust what they see, even when everyone else says they’re wrong.

Doris Day

Doris Day

She was 46 years old, grieving, and completely alone when her son sat her down and told her the truth.

Martin Melcher – her husband of 17 years, her manager, the man who handled everything while she focused on performing – had died of a sudden heart attack in April 1968. And in the weeks that followed, as lawyers sorted through the estate, what emerged was not the security Doris Day had spent two decades building.

Melcher and his longtime business partner and attorney Jerome Rosenthal had mismanaged and embezzled roughly $20 million of her career earnings, leaving her not only penniless but saddled with substantial debts.

Twenty million dollars.

Every film. Every record. Every exhausting performance. Every season of Calamity Jane and Pillow Talk and The Man Who Knew Too Much. Gone – invested into unproductive oil wells in Texas, Oklahoma, and Kentucky, failing cattle ranches, bankrupt hotels and motels, and ventures in racehorses and other high-risk enterprises, all of which had collapsed and generated millions in losses.

Doris would later say she believed Martin had simply trusted the wrong person – that Rosenthal had deceived them both. She stated publicly that she believed Martin innocent of any deliberate wrongdoing.

That forgiveness makes the story more painful, not less.

And then came the second shock.

Day learned that Melcher had signed her name to a contract for a television sitcom called The Doris Day Show -committed her to appear on CBS, signed without her knowledge, with a significant advance already spent. She was expected on set in weeks.

She had never read a script. Never agreed to do television. Never wanted to.

But the contract was legally binding. If she refused, CBS could sue – adding even more debt to the mountain already above her.

“It was awful,” she said later. “I was really, really not very well when Marty passed away, and the thought of going into TV was overpowering.”

She showed up anyway.

Every week for five seasons, America tuned in to watch Doris Day – sunny, warm, the eternal girl next door – navigate life with optimism and grace in a cheerful sitcom about a widowed mother.

They had no idea what they were actually watching.

Behind every laugh track was a woman who had just lost $20 million to betrayal. Behind every bright set was someone working episode by episode to crawl back to solvency. Behind every warm smile was a person carrying something the audience was never meant to see.

She never let it show. She never broke character. She never complained publicly.

She just showed up.

In 1969, she filed suit against Jerome Rosenthal — accusing him of fraud, legal malpractice, and breach of fiduciary duty. The case went to trial in 1974. The 99-day trial involved 67 witnesses and 14,451 pages of transcript.

The judge ruled in her favor. The final judgment, including punitive damages, came to $26,396,511.

Rosenthal appealed repeatedly, prolonging the litigation for years. He was ultimately disbarred by the California State Bar in 1987 for moral turpitude in his handling of Day’s affairs and those of other celebrity clients.

In 1979, Day reached a settlement with Rosenthal’s insurers for $6 million, to be paid over 23 annual installments. Not the full amount. But justice, slow and incomplete, had arrived.

By then, The Doris Day Show had been off the air for years. She was financially stable again. She had rebuilt, paycheck by paycheck, what had been taken from her.

And then she did something Hollywood genuinely could not understand.

She walked away.

No farewell tour. No final album. No comeback press campaign. She moved to Carmel, California – a quiet coastal town – and co-founded the Doris Day Animal Foundation in 1978, spending her remaining decades rescuing animals and living entirely on her own terms.

When reporters asked why she’d left at the height of her renewed fame, she gave them a line that contained everything she’d learned about the world in those seventeen years,

“I like being the girl next door. I just wish I’d known what the neighborhood was really like.”

Doris Day died on May 13, 2019, at age 97.

Her obituaries celebrated Que Sera, Sera and Calamity Jane and the warmth that had made her one of the most beloved entertainers in American history.

But her real story is quieter and harder and more extraordinary than any of the films.

It’s the story of a woman who discovered at 46 that everything she had built had been taken – and chose, in the face of that, not bitterness but work. Not collapse but showing up. Not revenge but a lawsuit pursued with patient, exhausting dignity across an entire decade.

And when it was finally over, when she finally had the freedom to choose absolutely anything, she chose animals and silence and peace over every spotlight that still wanted her back.

Whatever will be, will be.

But Doris Day proved something the song never quite said: you get to have a say in what it becomes.

She lost everything.

She built it back.

And then she chose something better.

Thomas Jefferson

Thomas Jefferson

In 1776, a man sat in the heat of a Virginia summer with a quill in his hand and a radical thought in his mind. At the time, if you didn’t belong to the official state church, you were often treated like a second-class citizen or a criminal.

Thomas Jefferson saw this as a direct violation of the natural rights he held so dear. He believed that the mind was created free and that no government should ever have the power to force a person to support a religion they didn’t believe in.

He drafted the Bill for Establishing Religious Freedom, but the local establishment wasn’t ready to let go of their power. They fought him for years because they believed the state needed a state-sponsored religion to remain moral.

But Jefferson stood his ground even as the criticism mounted. He was often called an atheist or a skeptic by his enemies, but his focus remained on the legal protection of every individual soul.
He watched the dissenters struggle. He watched the preachers get jailed. He watched the citizens get taxed to support churches they never stepped foot inside.

He saw their struggle. He saw their frustration. He saw their potential for true liberty if the chains of state-mandated faith were finally broken.

It took ten long years of political maneuvering and debate, but in 1786, his vision finally became the law of the land in Virginia. This statute became the very blueprint for the First Amendment of the United States Constitution just a few years later.

Jefferson considered this one of his greatest achievements, even more than being the President. He wanted to be remembered as the man who gave Americans the right to follow their own conscience without fear of the government.

Today, we live in a nation where people of all faiths, or no faith at all, can walk the streets with the same legal rights. That reality exists because one man decided that the government had no business in the pews of a church.

This wall of separation remains the cornerstone of American liberty and a testament to the courage of our founders.
He protected our right to believe.

When Thomas Jefferson was nearing the end of his life, he left very specific instructions for his tombstone. He didn’t want his career as the third President of the United States mentioned at all.

Instead, he chose three things he felt truly defined his service to humanity. He requested to be remembered as the author of the Declaration of Independence, the father of the University of Virginia, and the author of the Statute of Virginia for Religious Freedom.

To Jefferson, the power of the presidency was temporary, but the liberation of the human mind from state control was an eternal gift to the American people.

He died on July 4, 1826, exactly fifty years after the signing of the Declaration. His legacy remains etched in the stone at Monticello, serving as a reminder that our greatest strength is our freedom of thought.

Sources: National Archives / Virginia Museum of History and Culture

Another Lockdown Coming (or Already Here)?

On the six-year anniversary of Covid lockdowns, the International Energy Agency has released a full plan for global rationing. It involves stay-at-home orders, edicts against driving alone or on days in which you are not permitted, and only essential commercial road traffic. The report also criticizes cooking with natural gas, as if your stove-top souffle has any impact on global energy consumption.

Who cares, right? That’s what people said when six years ago, the World Health Organization declared a pandemic and then said that China was right to use blowtorches to weld people inside their homes and ban all nonessential travel. Most nations in the world tried some version of that, under the WHO’s influence. Everyone caught the virus anyway and we are left with the carnage.

Aspects of the present moment echo that experience. We sincerely hope that you did not get trapped at the airport this weekend with security lines stretching to parking lots and wait times of 3 hours. This helps accomplish one of the IEA goals: limit commercial airline traffic for passengers. Indeed, many people saw the mess and got in their cars and drove home.

If IEA gets its way, you might not be able to drive at all on days in which you are not permissioned. Many nations of the world are already adopting some version of these policies, restricting travel, rationing gas, limiting work hours, and controlling indoor temperatures.

Such measures are less likely in the US today, perhaps, but we cannot know for sure. It’s just remarkable that we are still on this strange trajectory to the Great Reset (not a myth but a book title as published by the World Economic Forum). As for the Covid lockdowns, it so happens that the Washington Post just published an elaborate defense of them.

Meanwhile, last week, two federal district judges ruled against reforms at the CDC and HHS. An Oregon judge said that Robert F. Kennedy, Jr. cannot restrict tax-funded gender transitions. A Massachusetts judge vetoed a year of reforms from the Advisory Committee on Immunization Practices. The CDC reverted the childhood schedule to what it was a year ago. Both decisions will surely be overturned but that takes time.

The point of all of this is not to get depressed or demoralized but just the opposite. This struggle was never going to be easy. What we need now is moral courage, strategic intelligence, and redoubled commitments to higher ideals. Take a moment to sign CovidJustice.org, for example.

Brownstone Institute faces new demands to adopt and support cancelled scientists – yes that still happens daily. And with the new threat of energy lockdowns, we need our local communities more than ever. Please come to a supper club and make friends.

Finish reading: https://app.getresponse.com/view.html?x=a62b&co=t1D82h&m=BKhlXe&mc=C2&s=BW10pEG&u=tdPBh&z=EJxmM0y&

Sun is NOT The Enemy!

A massive Swedish study followed 30,000 women for over 20 years and found that those who actively sought sun exposure had dramatically lower death rates from cancer, heart disease, and all causes.

The shocking part? Sun avoiders had roughly double the overall mortality.

Even heavy smokers who got plenty of sun had similar death rates to non-smokers who avoided it.

Sunlight appears to extend life through vitamin D, nitric oxide, and immune support – yet we’re still told to hide from it. Are you getting enough sun?

https://x.com/UltraDane/status/2038691028937675004?s=20

Lifting Weights Helps Your Brain Process More Information

Barbell Weights

  • Moderate-intensity resistance workouts can sharpen thinking by improving reaction time without reducing accuracy, enhancing inhibitory control, working memory, and speeding brain-processing signals
  • Cognitive gains likely come from temporary increases in systolic blood pressure, which enhance blood flow and neural efficiency, helping the brain update information faster and coordinate attention-related networks more effectively
  • Children and teenagers also benefit from resistance training, showing small but consistent improvements in cognition, on-task classroom behavior, and academic performance, especially among youth with lower baseline muscular fitness
  • For longevity, 40 to 60 minutes of strength training weekly is optimal. Excessive lifting reduces benefits, increases strain, and even worsens mortality outcomes compared to moderate or minimal resistance exercise
  • Blood flow restriction (KAATSU) training amplifies strength gains and bone benefits using low loads. It can be incorporated into daily activities, stimulating muscle and vascular adaptations without heavy lifting

https://articles.mercola.com/sites/articles/archive/2026/03/20/resistance-training-cognitive-benefits.aspx