The New Depression: The Breakdown Of The Pape…
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
Asia's Economic Outlook In Light Of The …
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
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 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
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
The Corruption Of Capitalism, Preface to the …
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
An Interview with Richard Duncan on China, Eu…
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
Credit Growth Drives Economic Growth, Until I…
The single most important thing to understand about economics in the age of paper money is that credit growth drives economic growth. Before the breakdown of the Bretton Woods international
China: Every Boom Busts
Since the beginning of the Industrial Revolution, every economic boom has been followed by an economic bust. The bigger the boom, the bigger the bust. Over the past 20 years,
Birth Of The Debt Culture
Once US dollars ceased to be convertible into gold at the beginning of the 1970s, there was no longer any constraint on the amount of dollar-denominated debt that could be
