Doug Casey: This Is "Ultra Serious"

an Supply Destruction, Energy Shortages, and Why Gold Miners Are Still Hated

Doug and Matt discuss escalating conflict in Iran, including attacks on production/refining/shipping facilities and the potential closure of the Strait of Hormuz, arguing markets are underpricing the resulting supply destruction and global knock-on effects already seen in Asia (fuel shortages, reduced air travel, four-day work weeks). They criticize Trump's actions and messaging, speculate about political fallout, and note reported U.S. losses and broader regional disruption, including Dubai's tourism/finance and potential UAE banking stress. They react to Trump promoting watches and seeking a commemorative gold coin, then shift to investing: favoring commodity exposure (corn and possibly rice) due to fertilizer impacts, and urging gradual buying of cheap gold miners given extremely bearish sentiment and low P/E ratios. Subscriber Q&A covers Argentina relocation choices, Uruguay conference timing, "Great Reset" debate, drones, Falklands, media sources, short-term cash parking, war propaganda, carbon credits skepticism, mining catalysts (notably drill results in a bull market), and a coming interview with Hydrograph's largest shareholder pitching a potential 100-to-1 case.

00:00 Iran Strikes Escalate
03:42 Energy Shockwaves Worldwide
07:35 Dubai Fallout and Bank Risk
09:07 Trump Watch Ad Controversy
10:44 Coin Proposal and Removal Talk
12:25 War Losses and Ground Invasion Fears
14:36 Spending Blowout and Staff Resignations
19:02 Insulating With Commodities
20:15 Argentina Relocation Picks
21:54 Subscriber Q and Great Reset Debate
25:26 Drone Delivery Future
26:04 Falklands Refuge Reality
27:44 Rubicon Deep State Show
28:13 Assessing Escobar Sources
29:43 Buying Gold Miners Dip
31:46 Learning Markets Slowly
32:27 Red Pilling Youth Ethics
36:52 Parking Cash Safely
37:39 Iran War Propaganda Logic
40:54 Carbon Streaming Skepticism
42:19 Miners Sentiment Catalysts
45:40 Junior Miner 10x Triggers
47:41 Hydrograph Interview Tease
49:09 Weekend Sign Off