CW 851-Richard Duncan: New Depression, Breakdown Paper Money & Dollar Depression

The New Depression, The Breakdown Paper Money & The Dollar Crisis, Causes, Consequences, Cures & World Bank and IMF Part 1

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.

Key Takeaways:

[02:18] Trump may have personality limitations but he will be good for the US real estate market.

[06:44] Don't be part of the disappearing middle class align your interests with governments and central banks.

[15:56] Richard Duncan's view of world economics and FIAT money.

[20:31] In the US, when credit grows less than 2% the US goes into recession.

[25:42] Creditism is the new Capitalism.

[28:02] Looking back at the policies which saved the world economy in 2008.

[34:00] It's a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

Website:

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Richard Duncan Economics

Richard Duncan’s Macro Watch Video Blog - Use codeword ‘global’ for 50% off

The New Depression: The Breakdown of the Paper Money Economy