Has the adoption of fiat money 40 years ago created an unsustainable economic paradigm in the US, with the unprecedented expansion of credit? Is this then the start of a New Great Depression?

On the Breakfast Grille is author of 'The New Depression: The Breakdown of the Paper Money Economy" Richard Duncan, and he discusses:

-- How US debt has ballooned almost fifty-fold in the four decade since the US stopped backing dollars with gold

-- Why he thinks the current economic system in place in the US is not capitalism

-- His reconstruction of Irving Fisher's quantity theory of money to become the Quantity Theory of Credit – on the premise that there is no real distinction between money and credit

-- Lessons the Federal Reserve has learnt from the 1929 Great Depression

-- What's at stake for the world economy if there is the New Great Depressionand what needs to be done to prevent it from happening.

-- Which areas the US government should be looking to spend on and why

-- Find out his advice to investors

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