GO
Loading...
 

Real Danger of a New Great Depression: Author

Mon 16 Jul 12 | 02:30 AM ET
 Highlight transcript below to create clip
Transcript:  Print  |  Email
    This term does not appear
Go
 Click text to jump within video

Real Danger of a New Great Depression: Author

Mon 16 Jul 12 | 02:30 AM ET
"In order to understand this crisis it is necessary to understand the role that credit has played in bringing it about, when we broke the link between money and gold 40 years ago, this removed all the constraints on credit creation and afterwards credit exploded," Richard Duncan author of The New Depression: The Breakdown of the Paper Money Economy, told CNBC.

Topics:

Depression  | Credit
 
RELATED ARTICLES AND CONTENT
More Videos
  • No Articles Available
Latest Videos
China slowdown having 'big impact' on drink-makers: Pro
Thu 17 Apr 14 | 03:15 AM ET
Latest Videos
Europe opens mixed after Yellen
Thu 17 Apr 14 | 03:00 AM ET
Latest Videos
Opportunity in stocks that didn't get 'Draghi rally': Pro
Thu 17 Apr 14 | 03:00 AM ET
Latest Videos
European growth showing 'strength': Publicis CEO
Thu 17 Apr 14 | 03:00 AM ET
Go
Displaying results for: Latest Video | US