In this episode the listener gets one of the most amazing history lessons about the US Dollar.  Richard Duncan is a international best selling author and joins The Investor’s Podcast to talk about how China and the United States are in a tricky situation based on the events that have evolved since 1971.  Once the US decided to come off the gold standard and abandoned the Bretton Woods Agreement, the US dollar was no longer pegged to anything.  As a result, countries around the globe began to print enormous amounts of fiat currency in order to create trade surpluses that benefited their domestic interests.  This situation has evolved by driving up the prices of all US dollar denominated assets, but more importantly, it has caused US bond yields to drop to almost nothing.  This situation is potentially causing an ultimate bubble in asset prices around the world and could result and very large economic instability moving forward.

In this episode, you’ll learn:

  • Why and how bubbles are created by credit
  • How international central banks manipulate currencies
  • Why the US government benefits from the FED artificially keeping the interest rates low
  • Why the monetary system had changed fundamentally since the Bretton Woods agreement was broke
  • How the private investor should react in the new monetary system

Tweet your comments about this episode directly to Preston, Stig, or Richard Duncan using #TIPMoney.

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Books and Resources Mentioned in this Podcast

Richard Duncan’s course on TIPacademy about How Macro Really Works

Richard Duncan’s book, The New Depression – Read reviews of this book

Richard Duncan’s book, The Dollar Crisis – Read reviews of this book

Richard Duncan’s site RichardDuncanEconomics.com


VIDEOS THAT SUPPORT THIS PODCAST

The Ghost Cities in China

https://www.youtube.com/watch?v=pbDeS_mXMnM

 

Lecture 1 of 4 on China by Richard Duncan

https://www.youtube.com/watch?v=noyQZh7jgfE

 

Lecture 2 of 4 on China by Richard Duncan

https://www.youtube.com/watch?v=9HWR9Em7T5Q

 

Lecture 3 of 4 on China by Richard Duncan

https://www.youtube.com/watch?v=DgO8OMaPtGo

 

Lecture 4 of 4 on China by Richard Duncan

https://www.youtube.com/watch?v=U0ZcnbcAJeI