During these times of uncertainty, it is extremely important to focus on and understand economics. The economic indicators shown will, to a certain extent, dictate the future. Currently, it seems that there are two “camps”, people who understand economics, and those who don’t. At the end of the day, economics is at the top of the stream and everything else is downstream from that.
Our guest for today is Richard Duncan, who is a former consultant to the World Bank and the IMF. He is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, and Cures predicted the global economic disaster that began in 2008 with extraordinary accuracy. It was an international best seller. Richard’s second book was The Corruption of Capitalism, and his latest book is The New Depression: The Breakdown Of The Paper Money Economy.
Today we are going to discuss…
- How our guest anticipated this pandemic and the economic challenges it presented more than 6 weeks ago
- The FEDs actions and the $2.2T stimulus package
- Our guest outlines his major recessionary thesis regarding the expansion of credit and debt