IL09: The Money Revolution...Rethinking Economic Growth ft. Richard Duncan
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 18 October 2022
⏱️ 70 minutes
🧾️ Download transcript
Summary
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.
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Episode TimeStamps:
00:00 - Intro
04:29 - Introduction to Richard Duncan and his book
15:35 - Credit creation and consumption - a long term growth strategy?
22:54 - The problems with foreign central bank credit
31:45 - Reflecting on Alan Greenspan’s response
34:02 - Addicted to credit growth?
36:23 - How will the next 6-12 months look?
46:16 - Why is the CHIPS and Science Act so important?
56:21 - Should the FED stop pay interest on reserves?
01:03:22 - Is Duncan’s model of the economy being acknowledged?
01:07:14 - Key takeaways from Niels
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | And as we do, we will transform our economy, ensure up our national security and make the economy grow faster and grow out of the current debt problems. |
| 0:18.0 | Moreover, it will ensure that creditism survives. |
| 0:22.6 | It will keep credit from contracting and collapsing into a great depression. |
| 0:27.6 | And the kicker is that it will result in just the most extraordinary technological and medical breakthroughs. |
| 0:35.6 | I mean, it really is possible that with this level of investment, |
| 0:39.8 | we could cure all the diseases |
| 0:41.1 | and expand life expectancy by decades. |
| 0:46.4 | Imagine spending an hour with the world's greatest traders. |
| 0:50.2 | Imagine learning from their experiences, their successes, |
| 0:53.0 | and their failures. |
| 0:56.0 | Imagine no more. Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world, |
| 1:02.0 | so you can take your manager due diligence or investment career to the next level. |
| 1:07.0 | Before we begin today's conversation, remember to keep two things in mind. All the discussion |
| 1:12.1 | we'll have about investment performance is about the past, and past performance does not |
| 1:16.6 | guarantee or even infer anything about future performance. Also understand that there's a significant |
| 1:21.8 | risk of financial loss with all investment strategies, and you need to request and understand |
| 1:26.7 | the specific risks from the |
| 1:28.2 | investment manager about their product before you make investment decisions. |
| 1:32.2 | Here's your host, veteran hedge fund manager, Nealz Kostrup Larson. |
| 1:42.0 | For me, the best part of my podcasting journey has been the opportunity to speak to a huge range |
| 1:47.7 | of extraordinary people from all around the world. In this series, I have invited one of them, |
| 1:53.1 | namely Kevin Koldine to host a series of in-depth conversations to help uncover and explain |
... |
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