IL09: The Money Revolution...Rethinking Economic Growth ft. Richard Duncan

Richard Duncan, Economist and best-selling Author, joins us for a conversation on new ways of thinking about economic growth and prosperity. We discuss the historical aspects of growth and how credit creation and consumption generate economic growth, how foreign central banks create credit and how it has created an economic bubble in the American economy, how the U.S. economy has become addicted to credit growth and how the combination of a negative wealth effect and credit contraction poses a threat to the economy. We also the discuss the importance of the CHIPS and Science Act, how China could become the new superpower of the world and what the U.S. can do to prevent it, what a multi trillion dollar investment could mean for the American economy and much more.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Richard on Twitter & read his book.Episode TimeStamps: 00:00 - Intro04:29 - Introduction to Richard Duncan and his book15:35 - Credit creation and consumption - a long term growth strategy?22:54 - The problems with foreign central bank credit31:45 - Reflecting on Alan Greenspan’s response34:02 - Addicted to credit...