LTT & HARRY BROWNE: Doug Casey Opines

Discussion of the Bond portion of the Permanent Portfolio

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johnnywitt
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LTT & HARRY BROWNE: Doug Casey Opines

Post by johnnywitt » Sat Nov 21, 2020 10:47 am

Doug Casey was a friend of Harry's and he has a great YouTube Channel with Michael Smith that would be of interest to many subscribers here. Doug opines on the LTT component of the PP here on Youtube:

Doug Casey's Take (ep. #41) Friday AMA:
Ayahuasca, Most Exotic Country, Buying Property...

The bit about LTT & just replacing the LTT component of the PP with T Bills is in the first 6:00 of the VLOG.
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by PrimalToker » Sat Nov 21, 2020 4:23 pm

johnnywitt wrote:
Sat Nov 21, 2020 10:47 am
Doug Casey was a friend of Harry's and he has a great YouTube Channel with Michael Smith that would be of interest to many subscribers here. Doug opines on the LTT component of the PP here on Youtube:

Doug Casey's Take (ep. #41) Friday AMA:
Ayahuasca, Most Exotic Country, Buying Property...

The bit about LTT & just replacing the LTT component of the PP with T Bills is in the first 6:00 of the VLOG.
I believe Doug was also an advisor to the Permanent Portfolio fund when it was formed back in 82
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by AdamA » Sun Nov 22, 2020 11:00 am

johnnywitt wrote:
Sat Nov 21, 2020 10:47 am
Doug Casey was a friend of Harry's and he has a great YouTube Channel with Michael Smith that would be of interest to many subscribers here. Doug opines on the LTT component of the PP here on Youtube:

Doug Casey's Take (ep. #41) Friday AMA:
Ayahuasca, Most Exotic Country, Buying Property...

The bit about LTT & just replacing the LTT component of the PP with T Bills is in the first 6:00 of the VLOG.

Can you post a link?
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by Kevin K. » Sun Nov 22, 2020 2:38 pm

The part about switching out LTT’s for T bills starts at 3 minutes in.

https://youtu.be/GI5iUvrHhQ0
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by johnnywitt » Mon Nov 23, 2020 5:36 pm

Kevin K. wrote:
Sun Nov 22, 2020 2:38 pm
The part about switching out LTT’s for T bills starts at 3 minutes in.

https://youtu.be/GI5iUvrHhQ0
Yeah, so I was constrained for time. He also elaborates more towards the end of the VLOG as well, but it is pretty much a reiteration.
My motive was just to get it out there for informational purposes for those that might be interested.

Guys like Casey are in short supply & might not be around for much longer, so I always try to catch Doug anytime he speaks. Personally, I'm sticking with LTT & a PP. But, Doug Casey AND pmward >:D are probably right about the avoidance of LTT and the substitution of STT instead.
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by pmward » Mon Nov 23, 2020 6:23 pm

johnnywitt wrote:
Mon Nov 23, 2020 5:36 pm
Kevin K. wrote:
Sun Nov 22, 2020 2:38 pm
The part about switching out LTT’s for T bills starts at 3 minutes in.

https://youtu.be/GI5iUvrHhQ0
Yeah, so I was constrained for time. He also elaborates more towards the end of the VLOG as well, but it is pretty much a reiteration.
My motive was just to get it out there for informational purposes for those that might be interested.

Guys like Casey are in short supply & might not be around for much longer, so I always try to catch Doug anytime he speaks. Personally, I'm sticking with LTT & a PP. But, Doug Casey AND pmward >:D are probably right about the avoidance of LTT and the substitution of STT instead.
When did I say anything about replacing LTT with STT in a PP??? LOL
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by Kbg » Mon Nov 23, 2020 11:46 pm

Personally, I think switching from LTTs is a no-brainer, but each to his own.

Switch to what? Reasonable people could differ here.
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by I Shrugged » Tue Nov 24, 2020 9:30 am

Didn’t Casey in the same interview say we could turn into Japan? If so, wouldn’t I want to own LTTs ahead of time?
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by Kbg » Tue Nov 24, 2020 5:09 pm

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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by Kriegsspiel » Tue Nov 24, 2020 5:31 pm

It was an interesting video, I'll have to watch more with him. A lot of the articles on his website are good reads as well. I saw that he also recommended selling all your bonds back in 2016.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by I Shrugged » Tue Nov 24, 2020 7:08 pm

That a Japanese investor would have done well to have held LT government bonds earning 1.6%
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Re: LTT & HARRY BROWNE: Doug Casey Opines

Post by Kevin K. » Tue Nov 24, 2020 10:36 pm

This is getting silly. Current S & P dividend is 1.80%.

Casey recommends T-bills as a substitute for LTT’s and I’m sure Browne would agree if he were still alive.

Casey is just verifying what many others have said here. The principles behind the PP are permanent. The PP itself is an artifact of particular times, interest rates, market conditions and limited investment options that no longer exist.
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