wikileaks, the catholic church, and dick china --

cheney. >> joining us on booktv is doug casey. who are you? >> i guess i'm best known as an author, but i've made my living as a speculator in the marketplace. that's probably a fair answer. >> what books have you written? >> i wrote a book in 1976 called "international man." it was a guide book to the world last frontier. a personal freedom of financial opportunity. it became the largest selling book in the history of row a couple of years later. i went there during the war, i do what i always do in these places opened up the telephone book and -- there were two publishers at the time, i called them up and got along with one and became a

television and media personality for awhile. >> your book in 1979? >> that was "crisis investing." it was subtitled "project and opportunity in the coming great depression" things got nasty, as you may recall in '81, '82 with 50 and 60% interest rates and gold going to over $8 00 and so forth. it didn't turn to a depression, fortunately. this time thirty years after the fact, the economy is much more pre-- precarious than it was in the late '70s. i think we are in for some very, very serious times coming up. >> why do you think the economy is precarious right now?

>> absolutely the government is doing is not just the wrong thing but the exact opposite of the right thing. i'll go further by saying that the problem with the american economy has shouldn't the bankers and industrialists. but the state which creates currency debutses -- debutses the currency. these things are all very destructive. >> what do you think of the coin ?iew. >> i'm all for the movement. i adopt think it's going to succeed because it lacks one of the essential characteristics of money. it's got to be a meeting of exchange, which it is. and a store of value, but there's a reason why it's not a

good store of value, and air to the -- aristotle put his finger on that. gave us five characteristics of good money has to be durable, convenient, consistent, and have value of itself. and it doesn't have any utility or value of itself. and there could be a thousand coins even if the supply of coins themselves are limited there could be a little coin, baby coin, and then that is in effect inflationary. i light idea of it, but i'll wait for version 2-0. >> where did you grow up? how did you get your start in economic investing? >> i've always been interested in money. i've always been a big reader.

so i was just drawn to free market economics because i'm a person that doesn't believe that the government or other people have a right to treat you as a milk cow. because if they can treat you as a milk cow, maybe they can treat you as a beef cow too. >> where did you grow up? where are you living now? >> chicago. i more or less live in argentina at the moment. >> why? >> well, i've been to 175 countries. i've lived in twelve. i no longer want to spend significant time in the u.s., because it's going to shock most of your listeners, but the aggression of america. i don't even call it america anymore. it's not america. it's not the united states. it's just another country. we are undistinguished. we used to be special and

different everybody knew it. now it's just another government running out of the geographical area. so it's turning in to a police state very rapidly, but the militarization of all the local police, they don't knock on the door anymore, they do swat team raids, the government is completely and totally bankrupt just last year. out of approximately $1.2 trillion. the numbers get out of control. 90% was purchased we the federal reserve. it even the chinese don't want to buy it anymore. they want to sell it. they are trying to get rid of their dollars. there will be a panic at some point. >> we invited you on booktv to talk about a book that just come out. "totally incorrect."

by doug casey? who is lewis james? >> he writes a news letter called "international speculator" which junior resource stocks expa ration companies. the most volatile section of any stock market anywhere or junior resource companies. >> what is a junior resource company? >> they're looking for gold, nickel, uranium, cobalt, you name it. i mean, there are 92 naturally elements. we need all of them. so that is what they're doing is looking for them. >> are you a wealthy man? >> it's a relative term. yeah, i can do what i want. i can go where i want. that's all you need. although one of the odd things -- i've got to tell you is that as you get older, at least in my

case, i want less. so the less you want, the wealthier you are. although perversely, more money is flowing to the door at the same time as i want less. should have happened when i was a kid. >> doug, in "totally incorrect." you recount meeting vice president cheney. >> a sociopath, a psychotic criminal if i've ever seen one. it was a lot of fun. when he wanted to be president, he was in new orleans, and the sponsor of the thing -- conversation with him and kind of invited me to a little fund-raiser so, you know, dick does the political thi sain nic. i said within dick, i'm not going to shake hands with you.

i despise you and everything you stand for. i thought taking a shot like that would collapse his experienced per son that. he said why do you say that? i was able do a minute on why i said what i said. for the rest of the twenty minute he knew it was pointless trying to raise money from the guy. he went on slow burning. that was a highlight. i believe in calling it the way i see. it >> why -- >> i'm lucky i --

>> killing people. >> he's a very bad man. most of these people are dangerous, and this is one of the things that i find disturbing about the u.s. and i talk about in the book a lot called "politically incorrect ." to the fact in the old days where they use a term politically incorrect. i thought it was a joke. wasn't a joke. they really believe you can be political my incorrect. this is "totally incorrect" an updated version. >> if you had the opportunity to meet president obama, what would you say to them? >> i don't know that i would have anything to say to him. i think he's slick. he acts like he's listening.

he's a disastrous president. he may be worse than push -- bush, the last president. much like -- i'm a 0 fish gnat dough of ancient history among other things and i think we reached the stage now we get a lot like after siberia, they said, gosh, i'm glad he's dead. and then they got the next who got worse and then they -- they got neero and had a civil war. i think the we're crowding the past of ancient rome. >> something going on currently in the u.s. is the bradley manning trial on wikileaks. >>sha shameful. even more shameful -- just as shameful as what is

happening with edward snowden. for that matter julian assange. i think it's absolutely shocking that they had manning locked up in solitary confinement, or torturing him for three years, and there's no outrage in the u.s. and as far as snowden is concerned, it's doubly shameful that he has to run to hide in countries like russia, venezuela which are hardly beacon of freedom. but certainly he can't stay in the u.s. anymore. >> continuing theme in totally incorrect is your relationship with the tsa. what did you think about the tsa? >> well, the people that go work for the tsa, you know, you ask yourself where did hitler get

the people that worked that were the joint sa, and later the gets top owe. where do they round them up. they're the same people from bottom of society. low life. middle age people generally speaking who would drop whatever they were doing previously to put on a tacky uniform and go through their neighbor's dirty laundry. they are horrible people. and a little bit of power they have got over others and treated respectfully or i'll make your life miserable was a bad sign for the u.s. all bureaucracy is. at once is created it grows. bureaucracy is like that. this is true of all of these bureaucracies in washington.

you have two kind of people in the world. people relating voluntarily with people. and people relating coercively. it's the coercive types. the ones that believe in force that inevitably drawn to the government. as the power of the state come out of the barrel of the gun. there are more and more of these people that are drawn to the government. at some point you reach a critical mass where the decent people working for the government because for whatever reason they might be they don't want to be there anywhere around all the sober path. i think we are reaching that tipping point in the united now. >> who are your political heroes? >> i don't have political heroes because i don't believe in politics is the way relating to other human beings. politics is legalized coercion. institutionalized coercion.

but people i like personally and decent human beings that happen to be involved in politics. haven't been too corrupted. ron paul is a decent guy. i don't know anybody elsed at this point. he's not even in congress at this point anymore. >> why do you take on charities in "totally incorrect? "i don't believe in organized or institutionalized charities. i believe in helping people as individuals when i know them. when i see their situation, and if there is somebody i'll make along with them to the understanding i want the money back. because i'm not interested in giving them money to help them. i want the money back so i can, if anything, give it to somebody

else and teach them a little bit of responsibility. most the charities out there are just giant loaded bureaucracies and the people at the top of the charities like going to ritzy parties, paying huge salaries and so forth. so, you know, i'm opposed to charities. i don't give to charities. if i see somebody as an individual that needs helping i'll consider it very seriously or don't give the charity. i recommend other people don't either nor ngo which is worse. >> why? >> they are basically people that run around the world acting as busy bodies. sticking their nose in other people's business. it's creating chaos. it's really want to help the world they should do something constructive and productive. they should become wealthy. this is what i was saying about charity.

instead of giving $100,000 to some charity, that's idiotic. if you want to help humans, i mean, like bill gate giving away billions of dollars to charity to do whatever he wants to do. the smartest thing to do is keep the capital together and deep growing. which is a creating wealth. when you give money to a charity generally you're just frittering it away. dissipating it. throwing dust in to the wind. destroying capital. instead of giving the money away you should use it to create more wealth. that benefits everybody. >> if we had to put a label on you. would it be libertarian? anarchist, what? all three of those. absolutely. it's funny, i describe myself

i'm a libertarian atheist anarchist with realist and -- it may bees it hard for me to -- i spend during the summer i live in aspen, colorado, i have for many years. i don't get invited to many party. i can always do five or ten minutes on sports and weather and nowlet talk about something important. meaningful, interesting. and -- [laughter] basically it turns in to a two things that you're not supposed to talk about. religion and politics. because i like talking about philosophy. what is practical and applied philosophy? it's religion and politics. and of course economics is jumbled up with politics today. which it shouldn't be. we talk about that too, and all of these conventional concrete

bound, con stay pated people thinks things way are now should be. >> you refer to your catholicism as a can ballistic. >> i make a joke of cannibalistic. it's not much worse than any other christian religion. at this point. the christian -- this is older and gone through the pain. all the religions that came out of the middle east of the desert and worshiped allah or affinity, and i feel bad for the holy

ghost. nobody ever talks about him. i think they are all dangerous and destructive. they created more wars and corporate persecution. -- with the hindu, the buddhist, they don't have religious war with each other. that's because they don't insist they have a one true god you mu worship. he loves you, although if you don't love him back he'll send you to hell to burn for an eternity. >> who are some of your favorite author? >> i'm a huge fan of hl -- he's a genius. i don't know. you know, most of my reading today is actually either ancient history or science.

so when i look at the bookshelf, next to my bed or library it's over represented in those two areas. >> in "totally incorrect." there's a fear barometer. what is that? >> a fear barometer, well, are we referring to the one you can use in the marketplace? stocks? as a contrary in you want to buy. buy what is running in the street. and two weeks from now, i'll be in cypress because this is a little known fact. how much is the cypress stock market down? there's not a lot of stock. there's about 50 but how much are they done from the peek of 2007.

98%. so i think it's a good time to get on a plane and go to cypress and take a look and see if there's any value of some of the companies. i mean, i love to find the next hathaway among the rubble in cypress of 98% discount. that would be great. >> what did you think of an investor warren buffett who is out there and well known? >> i think he's a genius, but genius in the respect that idiot . he's unbelievely good in what he does in allocating capital. his political idea is goofy and destructive. so the benefit to humanity? that remains to be seen. certainly the fact that he's put together -- of $100 billion total market

kept that's a wonderful thing. humanity should be grateful to him for allocated capital so wisely. but i think when he die, he's going to piss it all to the wind. we may not be any better off. same with bill gates. it's always impressed me as being autistic. one of the few thing we know is that we all die at this point. you're not giving your money to charity. you're an atheist. do you have family getting the money? what are you going spend it on? >> i don't have kids. if i was going to leave my money to the younger generation, i would probably -- i consider doing what the romans did. which is to say just because somebody was your genetic prod gi doesn't mean they are worth anything. better that you look around

among kids that are old enough you see who they are, how they have developed, and adopt them. i might do that. i might do that. otherwise i'll leave it to my wife, who is very smart and very prudent. thinks pretty much like i do. but with a little bit of luck maybe ray is right and maybe we'll see the singularity and time for me to reconstitute my body of a 30-year-old triathlon athlete. you may be able to do that too. you're younger than i am. >> and we have been talking on booktv with doug casey. "totally incorrect" self-published? >> i'm not sure. i don't think so.

it's a multimillion dollar company. so i don't think it's -- but, you know, it's interesting distinction because back when my first books were published you had to get a publisher. the bigger the better. i was published by harper roe and simon and shoe shuster. that was important in those days . there were 50,000 new books published every year. more or less now -- you don't need a publisher anymore. they're almost like a fifth wheel, i think. >> doug kasey. "totally incorrect" is the name of the most recent book. this is booktv on c-span2 at freedom fest. booktv is on facebook. like us to interact with

booktv guests and viewers. watch video, and get up to date information on event. facebook.com/booktv. who is the publish or of public affairs. tell us about some of the book you have coming up this fall i want to start with an unauthorized biography of rupert murdoch. >> it comes comes from npr media correspondent. he has done a magnificent job of throw the arms around the entire motive of organization and the origin in australia, the very dramatic recent history in the u.k. to do with the hacking scandal. police bribery there. what it means to us in america. where news corporations, news international is an enormous influence on our collective

consciousness. >> how long has he been working on this? for two and a half to three years. he's been covering rupert murdoch as a journalist for a many years. for the book alone two or three years. >> owe -- >> she's somebody i barely knew about. a young woman who took upon her to find her who had basically disappeared from all of our awareness in 1986. she got her own skills found her and old lady in paris. nobody knew she was there. and she was given her unpublished memoirs. she found a diary that was written by her in 1963, and lost to history since then. she has recreated the entire story. the extraordinary woman who captivated american attention in 1963, was the cover of "time" magazine was revealed.

and whose story basically was ellipsed at the -- i clipsed by blank blng we wanted to brick her so that we reminded ourselves how vietnam really began. and in many ways it began with her. >> there's a book that come out from public affairs called "tower of basil "what is the book about? >> a bank we've never heard of and really should have. theback of international settlement is based in basel. and switzerland and the central bankers meet to discuss global monetary policy. the decisions made around that table by a group of unelected central bankers fundamentally affect all our lives. we have never heard of the institution that bring it is to pght. there a pretty colorful history too. there have been some celebrated moment in the history of the bank where it has handled nazi

gold, there is a very interesting story right now to do with argentina. it was all of which goes through the bank in switzerland. i think our authors has done a tremendous job in showing else we should know a little bit more about the institutions that act on our behalf. if that's what they do. >> who is adam? >> adam is a correspondent based in hundred gary. he was the he's now a fro lance writer for a number of publication writing about finance. he's been doing it for many years. and he's done a good job. >> what other book to you want to tell us about that is coming up this fall? >> i would like to mention linda robinson. she published with us twice before. it's her third book. it's about the future of our military forabroad. what she see zs a being driven by the model of the special

forces and how they operate. .. who was kind enough to say in public that he had drawn inspiration from her work about how the special forces should be deployed. i think that's a very substantial piece of work. >> those are some of the upcoming titles by public affairs. you are watching booktv on c-span2.