Has Capitalism Failed? Tuesday, January 11, 2022

Doug Casey, Chen Lin and Dr. Quinton Hennigh return. Not only rhetoric but policies of the Biden Administration look more akin to those of fascist and/or communist dictatorships than a free market capitalist system. While America never had a perfectly free market capitalist system, thanks to both Republican and Democrat parties, it is now hard to discern economic policies much different from fascist and communist governments as our choice to engage in commerce is increasingly regulated by big government. Nor do Americans seem to care much about civil liberties as evidenced by the demolition of our First Amendment rights through Big Tech censorship aimed at giving in to the Democrat party dictatorial power. As the middle class dwindles and the top 1% own nearly all of America’s wealth, the middle class is rapidly moving toward abject poverty as stimulus checks from “Uncle Joe” are quickly losing value thanks to QE programs, one after another. Yet Americans who vote on either side of the isle tend to make their decisions not on the basis of classical logic but on emotions. Doug will help us ferret out what has led to a decline in America’s living standards. Is it the capitalist system that has failed or is it the fault of the politicians that simply pulled the stable construct of capitalism out from under its foundation? I look forward to Doug’s answers to those questions as well as where he thinks the world is heading to and how you should prepare. Quinton will update us on the progress Lion One Metals as it moves toward test mining its high-grade alkaline gold deposit in Fiji. Chen will share his thoughts about 2022 as we start the new year and offer some investment suggestions in the biotech and gold mining sectors.