Originally aired as CW 293
When the United States stopped backing dollars with gold in 1968, the nature of money changed, becoming the fiat currency system that has now put the world into an unprecedented recession.
Jason Hartman is joined by returning guest, Richard Duncan, to talk about how we are in danger of a global Great Depression and how we can stop it. Richard’s previous book talked about the inevitable collapse of the dollar, and his new book discusses “a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead.”
Guest: Richard Duncan
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