January 2, 2020
It’s prediction time here at the American Consequences office…
We’re taking bets on what’s going to happen in 2020 – from politics to the stock market – and who of our December contributors will be proven correct.
So for the next several days, we’ll be bringing you some of our featured predictors. What they have to say will likely surprise you… and will likely lead to big profits over the next decade.
Of course, if you want to hear the most shocking prediction of 2020 yet, you’ll have to tune in live at a special event later this month – on Tuesday, January 14.
Just for listening in, you’ll receive the name of the No. 1 stock to buy for 2020… its ticker symbol… and the full write-up behind why it’s likely to change your financial life forever. Click here to RSVP for your seat.
Then, read on for legendary speculator Doug Casey’s take on what the 2020 decade will bring us…
Science Fiction With a Tinge of Horror Story
By Doug Casey
My task is to make some predictions (although “forecasts” sounds more legitimate) about the Big Picture. OK, I’m game. Let’s write some plausible science fiction, with a tinge of horror story.
First, it’s good to remember that demographics have a life of their own. That’s not good from the point of view of those of us of European descent. We’re only 10% of the world’s population, and that number is falling rapidly. Worse, it seems we’re responsible for all the world’s problems, and therefore aren’t very popular.
In Europe, I expect the 2020s will have a lot of mass migration – the largest in scale since the barbarian invasions of the fifth century. There will be millions, then tens of millions, of Africans coming across the Mediterranean.
In the U.S., there will be hundreds of thousands coming from Central America. A Reconquista movement will develop to “make the Southwest Hispanic again.” And young chicanos and cholos won’t be interested in paying 50% of their incomes to support old white broads on Social Security in New England.
The consequence of scores of trillions of new currency units being printed around the world in response to the crisis that began in 2007 until 2009 will be a catastrophic Greater Depression… made worse by negative interest rates. One consequence of that will be the election of a left-wing Democrat, if not in 2020, then definitely in 2024.
China is on its way to dominating the world this century… But in the meantime, its financial system – starting with its banks – will implode. Mrs. Wong will be very, very unhappy to find that the 50% of her income she has been saving has disappeared.
The U.S. is likely to provoke a major war, and not just a “sport war” like we had in Iraq or Afghanistan. This time it will probably be with China, possibly Russia or Iran… perhaps with all three. It won’t do well, since it will find that its aircraft carriers, F-35s, and the like are equivalent to cavalry before World War I and battleships before World War II.
The U.S. dollar will lose its preeminence and will be treated like a hot potato by foreigners. Trillions will flood back to the U.S. in exchange for whatever is available – land, companies, what-have-you. This will help take domestic inflation to unprecedented levels.
But enough gloom and doom. On the bright side, we’ll approach the Singularity. Many technologies – including artificial intelligence, robotics, space exploration, biotech, genetic engineering, and nanotechnology – will really come into their own and start transforming the very nature of reality.
So, what should you do about it? I can give you a lot of speculations. But in times of radical change, the most important thing is to keep what you have. I suggest three simple actions: Diversify politically and geographically… Buy lots of gold and silver… Have a nice piece of productive land in a reasonably secure jurisdiction…
And get yourself a nice widescreen to watch it all happen. You might as well be entertained…
You must reserve your spot today if you want to receive the name and ticker symbol of the No. 1 stock to buy for 2020 on January 14. Click here to learn more.
Now here are some of the stories we’re reading…
The trends driving this optimism are the same ones driving the tech economy writ large: The increasing power and miniaturization of transistors, batteries, and solar panels, generated in part by the smartphone revolution; the convergence of telecommunications, broadcast media, commerce and nearly everything else into “the internet”; and, naturally, geopolitical tensions that still have governments spending on space and, increasingly, hiring private companies.
Chick-fil-A started the decade as a regional chain, beloved in the South, but unknown to much of the U.S. – much less the world. It closed out 2009 with $3.2 billion in system sales. By the end of 2018, it had more than tripled that figure, with $10.5 billion in system sales, making it the third-largest restaurant chain in the U.S.
When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. But when the banks, the law, and the forces of Reddit tried to track down the cash, it turned out the young mogul may not have been who he purported to be.
And let us know what you’re reading at [email protected].
Publisher, American Consequences
With P.J. O’Rourke and the Editorial Staff
January 2, 2020