'We cannot get the genie back in the bottle without breaking the bottle,' Duncan said. 'So instead we must learn how the new economic system works so we can master it before we collapse into depression.'
Baltimore, MD (PRWEB) October 22, 2013
Richard Duncan, publisher of Macro Watch video-newsletter and author of three books on the global economic crisis discussed the origin of the financial predicament that the U.S. is currently facing. “Credit can’t expand any further because the private sector cannot pay back the debt it already has,” Duncan said.
Porter declared Duncan “The first person to truly understand the history of the economy and the world’s economy.”
Porter asked Duncan how do we "get the genie back in the bottle" and convince people around the world that endless amounts of money and credit is not good for the economy.
“We cannot get the genie back in the bottle without breaking the bottle," Duncan said. "So instead we must learn how the new economic system works so we can master it before we collapse into depression.”
Stansberry and Duncan discussed China’s role in the lack of inflation seen in the rest of the world, the detrition of the U.S. economy, and the global credit bubble.
Porter also took live calls answering important questions like “why is cash important to put aside in a trading account?”
You can listen to the entire interview here.
With more than 80,000 downloads and listeners per month Stansberry Radio is quickly becoming one of the most popular radio talk shows in the country. Porter Stansberry, host of Stansberry Radio and founder of Stansberry and Associates Investment Research and co-host Aaron Brabham provide one of the top three investing podcasts on ITunes. New Stansberry Radio episodes are posted every Thursday afternoon at http://www.Stansberryradio.com.
Porter Stansberry founded Stansberry & Associates Investment Research, a private publishing company based in Baltimore, Maryland, in 1999.
His monthly newsletter, Stansberry's Investment Advisory, deals with safe value investments poised to give subscribers years of exceptional returns.
Porter oversees a staff of investment analysts whose expertise ranges from value investing to insider trading to short selling. Together, Porter and his research team do exhaustive amounts of real-world, independent research. They've visited more than 200 companies in order to find the best low-risk investments in the world.
Aaron Brabham has known Porter for more than 20 years and joined Stansberry & Associates Investment Research in 2011.
Aaron is a reformed stockbroker and wholesale account executive for the mortgage industry. He is all too familiar with the corruption of these industries. Aaron’s favorite activity is getting Porter fired up for one of his famous rants like, “Jail School” and “The Corruption of America.”
Richard Duncan is the author of numerous books including his most recent, The New Depression: The Breakdown of the Paper Money Economy, and The Dollar Crisis: Causes, Consequences, Cures, an international best-seller that predicted the current global economic disaster with extraordinary accuracy.
Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the International Monetary Fund in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore.
Richard has appeared frequently on CNBC, CNN, BBC and Bloomberg Television, as well as on BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and chief financial officer Asia. He is also a well-known speaker whose audiences have included The World Economic Forum’s East Asia Economic Summit in Singapore, The Euro Finance Conference in Copenhagen, The Chief Financial Officers’ Roundtable in Shanghai, and The World Knowledge Forum in Seoul.