'America is dead'; why your passport could be seized by the government - Doug Casey
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American values are dead, and the government sees citizens simply as subjects, said Doug Casey, who said that the decline of the country is already underway.
The safest thing for investors to do, if they could, is to diversify geographically, Casey said.
"Your main risk today is political, it's political risk. Your financial risks, your economic risks are huge. Greater than them is your political risk. Even the people that have passports don't understand that that's the property of the U.S. government and it can be taken away from you for lots of reasons," he said.
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-written the monthly metals-and-mining-focused investment newsletter The International Speculator. He has authored four books, including Crisis Investing