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

October 5, 2017

China’s Credit Tsunami May Capsize The World

The IMF expects China’s Total Debt to double from US$27 trillion in 2016 to US$54 trillion in 2022.  That would be a five-fold increase in total debt just since 2009. I’m not convinced that will happen.  But, if it does, the creation and deployment of US$27 trillion of Credit by China over the next 5…
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November 30, 2016

Voodoo Economics? Voodoo Two Won’t Do

Voodoo Economics, the combination of tax cuts and increased military spending, worked for President Reagan, but would it work for President Trump? The latest Macro Watch video argues that it might in the short run, but that the risks those policies pose to the economy and to investors are much greater now than they were…
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November 22, 2016

An Open Letter To President-elect Trump. Watch Free Video

An open letter – and video – to President-elect Trump outlining how to make America’s economy great again. No password is required to watch this video.  Please share this blog on social media. Click here to watch. Dear Mr. President, You can make America’s economy great again. Here’s how: INVEST, Mr. President – not only…
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October 30, 2016

Derivatives Reform Razzle-Dazzle

Derivatives Reform is enormously important for the future of our economic system for two reasons. First, without the enforcement of effective reform, we cannot be certain that our largest financial institutions are solvent. We now know that if any one of them fails, they will all fail. We also know that a systemic financial sector…
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October 28, 2016

Derivatives Reform: Real or Razzmatazz?

Eight years after the near implosion of the international financial system came close to plunging the world into a New Great Depression, and six years after the Dodd-Frank Wall Street Reform and Consumer Protections Act became law, Half A Quadrillion Dollars worth of derivatives contracts are still trading Over-The-Counter (OTC) with limited transparency and insufficient…
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October 21, 2016

Deregulation, Derivatives And The Threat Of Mass Destruction

[Read this free chapter from The Corruption Of Capitalism now.] Eight years after the global financial system came very close to being destroyed by out of control speculation in the unregulated derivatives market, there is still nearly Half A Quadrillion Dollars worth of derivatives trading in opaque Over The Counter (OTC) markets. Next week I…
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July 6, 2016

Forget Brexit, China’s The Real Crisis (Watch Free Video)

Brexit has been dominating the world’s business headlines during the past few weeks. But the impact of Brexit on the global economy is likely to be relatively minor compared with the coming fallout from the economic Hard Landing now underway in China. Macro Watch has just concluded a five-part series on China’s economic crisis. Today,…
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June 30, 2016

Chimerica In Crisis

This is one video you won’t want to miss. Chimerica is a term coined by the historian Niall Ferguson in 2006 to describe the economic relationship between the United States and China. Ferguson wrote: “Think of the United States and the People’s Republic not as two countries, but as one: Chimerica. It’s quite a place:…
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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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