Category Archives: The Global Economic Crisis: Past, Present and Future

November 8, 2013

The Macro Analytics Interview on YouTube

I had an interesting conversation with Gordon T. Long of Macro Analytics recently. We discussed our economic future and what investors must monitor in this new age of fiat money. I introduce “The Liquidity Gauge” here for the first time. Gord did a great job of weaving charts into the interview and posting it on…
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September 26, 2013

New Radio Interview: Why No Taper?

Last week I was in Kuala Lumpur.  There I had an interesting conversation with Julian Ng  of BFM radio.  We discussed: Why the Fed decided not to taper QE How the economy really works now The purpose and goal of Capitalism, and Why it is impossible to return to a Gold Standard. To listen to…
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August 15, 2013

Watch Richard Duncan’s New Course: How The Economy Really Works

My second video Course is now available on It’s called: How The Economy Really Works. This 2-hour Course deals with the present. It explains how our economic system works now. It’s divided into 11 lectures. Lecture 1: What’s Changed? Lecture 2: Don’t Call It Capitalism Lecture 3: Who’s In Charge? Lecture 4: GDP 101…
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May 10, 2013

How The Economy Really Works

So far, 450 of you have signed up for my on-line video course, Capitalism In Crisis: The Global Economic Crisis Explained. Thank you! I appreciate your interest and your support. As you know, Capitalism In Crisis focuses on the past, on the causes of the crisis. Today, I would like to let you all know…
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April 5, 2013

REMINDER. Watch Richard Duncan’s Course: CAPITALISM IN CRISIS

I would like to thank all of you who have signed up to watch my video Course, Capitalism In Crisis: The Global Economic Crisis Explained, and for your very encouraging feedback. The response has been incredible! For those of you who have not signed up, I encourage you to do so now. This 2-hour Course…
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March 27, 2013

Watch Richard Duncan’s Course: CAPITALISM IN CRISIS

Dear All, I have recorded a two-hour course. It’s called Capitalism In Crisis: The Global Economic Crisis Explained. The course is broken into 15 short lectures and is available on an on-line teaching platform called Udemy. In this course, I use 150 charts and slides to explain how the crisis in the global economy came…
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March 8, 2013

When Will This New Depression End?

The following comments, written specifically for the Spanish language edition of The New Depression, were written in early March 2013, sixteen months after the original manuscript was completed at the end of October 2011. In The New Depression, I wrote that the fate of the global economy depended on whether credit would once again begin…
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November 30, 2012

The New Left Review Interviews Richard Duncan

The following interview was printed in the September/October issue of the New Left Review. RICHARD DUNCAN A NEW GLOBAL DEPRESSION? Interview You were one of the very few analysts to predict the full enormity of the financial crisis, writing as early as 2003 of a coming credit crunch that would have ramifications throughout the asset-backed…
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October 18, 2012

The Capital Account Interview: The Death of Capitalism and Everything After

I recently had a lively conversation with charismatic Lauren Lyster on Capital Account in Washington D.C. We discussed the death of Capitalism in World War I, the rise of Creditism, QE3, gold and how to avoid a new Great Depression. To watch this video, Google “Capital Account Richard Duncan” and it will pop up.

August 1, 2012

The Financial Times Book Review Of The New Depression

The New Depression was reviewed by Samuel Brittan in The Financial Times on July 30th. Please find the link below:

July 28, 2012

Glenn Beck Interviews Richard Duncan: And keeps an open mind!

On Tuesday July 17th I was invited to appear on Glenn Beck’s show. This came about because of my CNBC Squawk Box Europe interview the day before. Honestly, I was not sure about what kind of reception I would be given by Glenn, but I wanted the chance to present his audience with a different…
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July 25, 2012

How Close Are We to New Great Depression?

Last week I was in London to promote The New Depression: The Breakdown Of The Paper Money Economy. The week began at 7:30 Monday morning on Squawk Box Europe. Please find the link below. I was told this clip was the most watched segment that day AND the following day.

May 18, 2012

The Policy Options

From Chapter 9 of The New Depression: The Breakdown Of The Paper Money Economy – Capitalism was an economic system in which the private sector drove the economic process through saving, capital accumulation and investment. The government’s role was very limited. The United States has not had that kind of economic system for decades. Today,…
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April 20, 2012

The New Depression: The Breakdown Of The Paper Money Economy

My third book on the global economic crisis is now in print and available on Kindle. It’s called The New Depression: The Breakdown Of The Paper Money Economy. Please find its Preface copied below: Preface When the United States removed the gold backing from the dollar in 1968, the nature of money changed. The result…
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March 9, 2012

Asia's Economic Outlook In Light Of The Global Economic Crisis

Below, please find a link to a speech I made before the CFA Institute in Hong Kong on March 7, 2012. I discuss the outlook for Asia in light of the deepening global economic crisis. Asia’s Era of Export-Led growth is over. A much more difficult environment lies ahead. [My talk begins in minute 9…
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August 4, 2011

A “Deer In The Headlights” Policy Freeze?

The agreement reached to raise the US government debt ceiling may mark the beginning of the kind of “deer in the headlights” policy freeze described in the last chapter of The Dollar Crisis. If that agreement is fully implemented, this depression is going to become considerably worse. The excerpts below are taken from The Dollar…
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July 18, 2011

The Ten Trillion Dollar Milestone

A milestone on the road to economic ruin was reached last week. Total Foreign Exchange Reserves topped $10 trillion. That means central banks have created the equivalent of $10 trillion of fiat money that they have used to buy the currencies of other countries. That figure does not include the money central banks have created…
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June 30, 2011

Helicopter Money

A great deal can be learned about the government’s response to this crisis, as well as the mistaken policies that necessitated it, by analysing a speech delivered by Ben Bernanke on 21 November 2002. At that time, Bernanke was a Governor of the Federal Reserve. The speech, to the National Economists Club, was titled “Deflation:…
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June 16, 2011

The Corruption Of Capitalism, Preface to the 2011 Edition

Preface to the 2011 Edition of The Corruption of Capitalism [Now available on Kindle and NOOK] From the early 1980s, debt-fuelled consumption in the United States drove global economic growth and facilitated the spread of globalization. Economic policy was formulated based upon the belief that markets are most efficient when left unregulated. Exchange rates floated,…
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June 1, 2011

An Interview with Richard Duncan on China, Europe, & QE3

The following interview was published in THE EDGE SINGAPORE on May 30, 2011 By ASSIF SHAMEEN Richard Duncan, author of the seminal The Dollar Crisis: Causes, Consequences, Cures, an international bestseller that predicted the recent global economic crisis with extraordinary accuracy, commands a lot of respect among Asian policymakers. Armed with a Master’s degree in…
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