The Debt Problem Behind Higher Rates
VRIC Media Jul 2, 2026
Summary
Doug Casey expects inflation to go way up in the coming months and years, forcing interest rates much higher.
He compares today to the 1980s, when the US government paid 15-17% to borrow, and expects that to repeat.
He warns the hit will be worse this time because the world is far more indebted than it was then.
Doug Casey's takeaways
- Top takeaway As of early July 2026, Doug Casey says he expects inflation to go way up in the months and years ahead, and that this will force interest rates much higher.
- He draws a parallel to the 1980s, when the US government itself paid 15-17% to borrow money, and says he thinks that is going to happen again.
- He argues the world is much more indebted now, in absolute and relative terms, than it was in the 1980s, so high interest rates will be much harder to crack this time.