According to Richard Duncan, chief economist at Blackhorse Asset Management and author of The New Depression: The Breakdown of the Paper Money Economy, the nature of money was changed completely when the United States stopped backing dollars with gold. In this interview with Lauren Lyster on RT TV’s Capital Account, Duncan explains how capitalism has been replaced by creditism as the primary driver of the modern global economy:
At the Fourth Annual CFA Institute Middle East Investment Conference, Duncan will be discussing MENA’s Economy and the Changing Face of Global Capitalism. You can register to attend this event and hear Duncan’s thoughts on longer-term factors that MENA investors should focus on, as well as lessons that investors have failed to learn from past crises. Don’t forget to follow this blog for conference news and updates.
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