Fri, 28 July 2017
AIPIS 195 - The New Depression: The Breakdown of the Paper Money Economy with Richard Duncan, Part 1
This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.
Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.
[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.
[6:16] In the US, when credit grows less than 2% the US goes into recession.
[11:27] Creditism is the new Capitalism.
[13:47] Looking back at the policies which saved the world economy in 2008.
[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.
[23:37] Globalization has changed the way the economic game is played.