By Porter Stansberry in the S&A Digest:

[Legendary speculator] Doug Casey is greatly underappreciated. He's been expecting the debacle we see unfolding today - a collapsing financial sector, government spending growing out of control, and a public backlash against capitalism - for as long as I've known him, almost 15 years. He calls the scenario "The Greater Depression." And now, he thinks it's going to be even worse than he expected...

At his conference last weekend in Las Vegas, he told the audience what he's doing to protect himself from what he sees coming next: soaring inflation, capital controls around the world, and vast increases to America's already confiscatory tax regime. What is Doug doing? First, he built a very private community in a very safe place about as far away from the centers of government power as you can get. His development is called Estancia Cafayate. It's located in the southern part of Salta province in northwest Argentina. Why in the world would you want to live in a valley of the Andes Mountains in rural Argentina? Well, Uruguay is nearby, a place where you can still bank privately and where you can still arrange for citizenship.

Second, Salta is incredibly rich in natural resources - water, farmland, oil and gas, vineyards, cattle, cultural attractions, etc. All of the things you need to lead a very wealthy, civilized life are in great abundance. And everything is cheap. A first-class steak dinner at a good restaurant on the central square in Cafayate costs about $4 per head, including wine. Finally, you have plenty of opportunities to make money with commodities. Doug has become a large-scale dairy farmer.

Learn more about Estancia Cafayate...

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