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
Looking for something in particular?
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
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
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:
May 19, 2011
Credit Growth Drives Economic Growth, Until It Doesn’t
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
May 3, 2011
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.
April 26, 2011
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
April 19, 2011
A New Economic Paradigm
Since the 1980s, a culture of debt has arisen in the United States. That change was the consequence of a misguided trade policy that gave
April 9, 2011
The Loose Cannon Credit Crisis
Starting in the 1970s, international credit flows began to destabilize the global economy. One country after another was plunged into crisis as dollar-denominated credit from
April 4, 2011
ABANDONED PRINCIPLES
There should be no confusion as to the origins of the global economic crisis that began in 2008. This crisis was set in motion in
March 21, 2011
BERNANKE’S CHOICE
For twelve years the US trade deficit financed the US budget deficit and held down US interest rates. From 1996 to 2008, the US trade
March 9, 2011
Why Won't Bernanke Come Clean on Glut?
Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by
February 21, 2011
The Great Depression and The New Depression
A worldwide economic depression began in 2008. This New Depression was caused by the same factors as the Great Depression and followed exactly the same
February 12, 2011
Currency Manipulators Created $7 Trillion, Causing The Global Economic Bubble
The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by
February 5, 2011
Debt-Financed Trade Caused The New Depression
The United States trade deficit hit $2 million A MINUTE in 2006. That was the rate ($800 billion that year) at which the US was
January 19, 2011
What Every American Needs To Understand About The Economy
As the United States debates its economic future in light of large government budget deficits, it is important that the public has a clear understanding
January 13, 2011
Why Chairman Bernanke Is Wrong [Part One]
There are many areas where my views differ from those of Ben Bernanke. Here is the first. Fed Chairman Bernanke believes in the Monetary Theory
January 6, 2011
Economics In The Age Of Paper Money
“Irredeemable paper money has almost invariably proved a curse to the country employing it.” So wrote America’s greatest economist, Irving Fisher, in 1911. Sixty years
December 22, 2010
THE FUTURE: AVERTING DISASTER
The future – the happiness and prosperity of mankind – will be determined by how global supply and global demand are brought back into balance.
December 15, 2010
THE PRESENT: ON THE BRINK OF DISASTER
The global economy is in crisis. Government intervention on a multi-trillion dollar scale is the only thing preventing a worldwide collapse into a new great
Subscribe to Macro Watch
Stay Ahead of the Markets – Subscribe to Macro Watch! Gain expert insights into the new forces shaping the economy and financial markets in the 21st century.
Subscribe