Cashflow Ninja, Released on 6/22/20
Richard Duncan is an author & economist who has worked as an equities analyst in Hong Kong, 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 IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore. Richard Duncan is the author of three books on the global economic crisis, the most latest being The New Depression: The Breakdown of the Paper Money Economy
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Richard Duncan,
Your idea of printing basically unlimited amounts of cash to keep the stock market from collapsing doesn’t address the overall effects of such a plan. When you save companies that should go bankrupt you also destroy the companies that have been good actors that did not on more debt than they can afford or at least such a plan makes their ability to compete more difficult. This is a divide in mentality that the Democrats and the Republicans have been unable to solve together and are very unlikely to solve in the near future. By penalizing the good actors, these good companies that should rise to the top are cheated. Honest businessmen cannot continue to thrive when people like you find it acceptable to rig the game for the benefit of the rich.
You also forget to factor in the results of having to give money to folks just so they won’t riot and starve. Do you really believe we can compete in a world economy when we already have over a 100 million Americans not working collecting funny money? Unemployment will not recover soon enough to avoid some serious social problems in America. You also neglect to address the difficulty involved in getting both parties to agree to spend money on the same projects that you envision will be our savior. Your whole premise on how to save the economy is pie in the sky hope.
Any recovery plan needs to start by taxing the rich more and charging less taxes to the rest of us. I didn’t hear boo from Mr. Duncan on this topic. The whole system needs a reset not more money printing for the zombie companies that keep raising our debt burden and taxes. We never had these debt issues when taxes were progressive.
We need a gold or silver backed currency as a starter.
Richard Duncan,
Your idea of printing basically unlimited amounts of cash to keep the stock market from collapsing doesn’t address the overall effects of such a plan. When you save companies that should go bankrupt you also destroy the companies that have been good actors that did not take on more debt than they can afford or at least such a plan makes their ability to compete more difficult. This is a divide in mentality that the Democrats and the Republicans have been unable to solve together and are very unlikely to solve in the near future. By penalizing the good actors, these good companies that should rise to the top are cheated. Honest businessmen cannot continue to thrive when people like you find it acceptable to rig the game for the benefit of the rich.
You also forget to factor in the results of having to give money to folks just so they won’t riot and starve. Do you really believe we can compete in a world economy when we already have over a 100 million Americans not working collecting funny money? Unemployment will not recover soon enough to avoid some serious social problems in America. You also neglect to address the difficulty involved in getting both parties to agree to spend money on the same projects that you envision will be our savior. Your whole premise on how to save the economy is pie in the sky hope.
Any recovery plan needs to start by taxing the rich more and charging less taxes to the rest of us. I didn’t hear boo from Mr. Duncan on this topic. The whole system needs a reset not more money printing for the zombie companies that keep raising our debt burden and taxes. We never had these debt issues when taxes were progressive.
We need a gold or silver backed currency as a starter.