Friday, March 26, 2010

Doug Casey: The way the world is turning

More thoughts from the Chairman of the Board:
All the big nation-states are on the ragged edge of bankruptcy. Their huge bureaucracies, oppressive tax systems, complicated regulatory regimes, subsidies, bailouts, fiat currencies, and welfare programs are – every one of them – near collapse. They were confidence schemes. It's not just standing armies, but the nation-state itself is a dead man walking at this point.

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