"No Way Out" (Doug Casey Speech)

Yes, there are solutions that the government could proactively bring about – almost entirely by doing less, rather than more. But the odds of the U.S. voluntarily defaulting on its debt, abolishing the Fed, using gold as money, abolishing all agencies not specifically designated in the Constitution, eliminating the income tax, and cutting back on military expenditures by about 90% -- among other things – are so small as to be considered a fantasy.

In fact, the concept of invoking changes of that scale are too scary for most to even contemplate. But they’ll happen anyway. Which means these things aren’t going to happen voluntarily, under some kind of control, and in a more or less orderly manner. Even so, because anything that must happen will happen – all these things and more will actually happen and, in the happening, will be most unpleasant and dangerous.