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Doug Casey: Signal Drama, Iran, and A Coming “Capital Levy”
Bryan Lutz – March 28, 2025
Summary
The current state of international relations is marked by critical security blunders, rising tensions, and economic instability, highlighting the need for clearer objectives and moral reflection in decision-making.
Security and Military Concerns
U.S. military officials’ use of Signal app for discussing war plans against Iran and Yemen raises serious security breach concerns and highlights a cavalier approach to sensitive operations.
The U.S. Navy’s involvement in the Yemen conflict is questionable due to lack of U.S. merchant marine and flagged ships in the region, suggesting the U.S. doesn’t have a direct stake.
Military’s cavalier attitude towards potential civilian casualties in Yemen, including delaying strikes for optimal targeting and using emojis for successful hits, raises significant ethical concerns.
Government Inefficiency and Waste
The IRS employs 1,400 staff solely for provisioning laptops and phones, an apparent overstaffing as they could provision the entire IRS 12 times a year.
Elon Musk revealed the U.S. government spent $840 million on a 10-question national parks survey, a task achievable for $10,000 on Survey Monkey, indicating potential fraud and graft.
Economic and Financial Risks
Historical precedents of capital levies, such as Italy’s 6% levy on bank deposits in 1992 and Cyprus’ 47.5% bail-in on large deposits in 2013, raise concerns about potential future government actions.
The prospect of a digital euro and discussions about unlocking European savings for military spending are alarming for Europeans with $23 trillion in bank deposits.
Global Trade and Competitiveness
Universal tariffs expected on April 2nd could escalate trade wars, exemplified by Canada’s response and Ontario’s Premier threatening to cause “pain to America”.
The U.S. can outcompete any country by freeing the economy from regulations and reducing taxes, but current mining business prioritizes having a good legal team over geological expertise.
Societal and Cultural Shifts
The Epic City Islamic property development in East Plano, Texas, sold over 530 lots globally despite local backlash, potentially attracting buyers with golden visas from Trump’s program.
The TSA, created with 75,000 employees, persists as a major bureaucracy due to average American’s fear of threats, despite arguments for privatization and airline-specific security measures.
Source: The Daily Bell Rephrased By: InfoArmed