Richard Duncan Documentary
I disagree with a few of the speaker’s conclusions, but he lays out the history of how the U.S. left behind traditional capitalism where business saves and invests to drive growth to government controlled credit creation to drive consumerism (“creditism”). He says we are reaching our limits to expanding credit because of the lack of income growth. In other words, the Fed is trapped. The Fed MUST INCREASE QE or allow collapse.
Please view this if you have the time this weekend. An excellent video.
Here is his description: My Best Interview April 25, 2014
For anyone who is interested in understanding my views on the global economic crisis, this is the video I would recommend watching, if I could only recommend one. In it, I am able to address almost all of the ideas I have tried to convey through my books and speeches over the past ten years.
The interview was organized, produced and conducted by Tim Verduin. Tim is the CEO of The Resilience Group, an insurance and financial services agency located in Crown Point, Indiana. I thought he asked all the right questions.
Have a Great Weekend. We will tackle a gold stock valuation next week.