A message to clients regarding their personal investments–Richard Duke, Attorney

Richard Duke is not an asset manager; and does not provide investment advice.  (He practices law, and is a long-time student and follower of Austrian economics. He also is an Ambassador to the Mises Institute.) However, when the crash occurs, please call Duke Law Firm, P.C.

Warnings are being given by Nassim Nicholas Taleb, Mark SpitznagelRon Paul, Jim Rickards, Gerald Celente, Peter Schiff [WHO WAS LAUGHED AT ON NATIONAL TELEVISION SEVERAL TIMES BY MAINSTREAM ECONOMISTS WHEN HE SAID IN 2007 A REAL ESTATE CRASH WAS COMING] about a coming crash (bust).  The cause of the crash in 2008 was low interest rates of the Fed and the fractional reserve credit system used by banks—both currency and credit created out of thin air, which are inflation.  This inflation (counterfeit currency and credit) has primarily gone into the stock market; and stock prices are NOT based on ANY reality WHATSOEVER! A crash has to come because the inflated and illusory value of stock of companies is not based on fundamentals but is based on the UNREALITY OF COUNTERFEIT FIAT CURRENCY AND CREDIT.  The CONSEQUENCE OF INFLATION—CREATION OF MONEY AND CREDIT OUT OF THIN AIR [COUNTERFEITING]—IS A BUST, A CRASHCOUNTERFEITING [ALTHOUGH MADE LEGAL BY THE GOVERNMENT] DOES NOT PRODUCE REAL WEALTH, NOR CHANGE THE FACT THAT IT IS AMORAL.

You will see my review of a book (SEE BELOW) that, although the name appears to be referring to skyscrapers, the first part of the book is in easy understandable terms about why we must have a crash.  The Mises Institute wants to get this book in the hands of as many young people as possible to remove the brainwashing they have received from the mainstream and replace with truths. The last crash was because of the low interest rates of the Fed that spawned investments, which we refer to as malinvestments, that were not sustainable because they were not built upon the reality of the market. Malinvestments must necessarily always end in a crash. The stock market is the latest big, big malinvestment, although real estate, car loans, student loans, credit cards, etc, are also malinvestments.

You may not want to open all the below posts but I recommend that you read the titles.  In other words, if you want to read an article, you can click the title and it will open to the article.  Warnings of the crash are coming from those not brainwashed by the mainstream. The mainstream exists to perpetuate the causes of the mainstream—not to perpetuate causes of others no matter how much one believes those in the mainstream are helping.

Keynesian economics is based on underlying frauds against the people, which I began learning 45 years ago from studying economics, primarily Austrian economics. Austrian economics is a theory of economics that comes from economists in Austria. It has nothing to do with Austria anymore. The headquarters of Austrian economics, although other Austrian economic organizations exist, is the Mises Institute in Auburn, Alabama.  See my discussion below of the Book: The Skyscraper Curse: And How Austrian Economics Predicted Every Major Economic Crisis of The Last Century.

(It is an interesting story as to why the Mises Institute became affiliated with Auburn University and now is independent and across the street from the Auburn campus.)  SEE: 

The Founding of the Mises Institute


Why the Mises Institute Is in Auburn | John V. Denson–Mises Supporters Summit 2018

SEE my personal message:

Richard Duke: Personal message about the Mises Institute

The mainstream is oblivious as to the cause of booms and the necessarily resulting consequences of a bust. Fiat currency and credit are like drugs, and the Federal Reserve and the banking system continue to give more and more currency and credit into the market (more and more drugs), and eventually the drug addict must crash or die. So it is with the stock market and other areas mentioned above that will crash.  FIAT CURRENCY AND CREDIT MAKES PEOPLE WANT MORE AND MORE AND MORE AND MORE.  Satisfaction is never reached; must have more and more and more.

No one knows with exactness when crashes will occur, but it will come; and when it does, it will come with Big Bang.


“A general, but serious, reason to read this book— The Skyscraper Curse: And How Austrian Economics Predicted Every Major Economic Crisis of The Last Century — is to avoid being one of the millions who will be duped when the next crash (bust) occurs. Millions were and continue to be duped as to the reason for the boom leading up to 2007 and 2008 and why the bust occurred in 2008 relating to real estate.”  –  By Richard Duke

 Click and open the following posts:

Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton

 “You can’t say Nassim Taleb didn’t warn you: the outspoken academic-philosopher, best known for his prediction that six sigma “fat tail”, or black swan, events happen much more frequently than they should statistically (perhaps a main reason why there is no longer a market but a centrally-planned cesspool of academic intervention) just had a black swan land smack in the middle of the Universa hedge fund founded by ardent Ron Paul supporter Mark Spitznagel, and affiliated with Nassim Taleb.”

Click and open all the below:

Ron Paul Warns A 50% Stock Market Decline Is Coming…And There’s No Way To Stop It


Jim Richards: A Three Way Train Wreck is About to Derail the Markets


Peter Schiff: “We’re On The Precipice Of A Much Bigger Crisis Than The Last One”


“It’s Just Beginning”: US Futures Plunge As Global Rout Hammers Asia, Europe


Sell Orders in Stocks Surge to Highest Level Since ‘Flash Crash’


Gerald Celente: Economic Meltdown Worse Than Great Depression Coming


Next crash will be ‘worse than the Great Depression’: experts


We Still Haven’t Learned the Right Lessons from the 2008 Crash


Ten Years After the Crash, We’ve Learned Nothing


Gang of Three Who Brought Us Crash of 2008 Tell Us How to Handle Next One


Nassim Taleb’s Fund Made $1 Billion On Monday; This Is How The Other “Hedge” Funds Did


Book: Skin in the Game: Hidden Asymmetries in Daily Life


The Skin of Others in your Game–Nassim Nicholas Taleb

Richard Duke


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