Part 2 of Jason’s interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn’t continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history.
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.
[03:24] Jason shares his opinion of Tesla Motors.
[06:04] The Wall Street Journal Podcast featured an article about the self-driving car revolution.
[09:13] Cars as a Service (CaaS) will drive down the cost of transportation.
[18:38] Future episodes of the Creating Wealth Show will focus on asset inflation, self-liquidating debt and money supply versus credit supply.
[24:04] The explosion in credit since the 2008 recession.
Richard Duncan Guest Interview:
[27:45] Once the US moved from a gold backed monetary system to paper money system the rules changed.
[37:20] Who’s benefited most from a globally-based economy?
[40:01] The global bubble is inflated by government policy.
[43:00] The combination of printing money and globalization makes this a unique time in history.
[48:18] How Richard Duncan believes the US can pull itself out of debt.
Mentioned in This Episode:
If keeping the global economy going is just a matter of kicking a can, then I am favor of kicking it hard and long.Click to tweet
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