The New Great Depression

The New Great Depression

Author: James Rickards

Publisher: Penguin

Published: 2021-01-12

Total Pages: 210

ISBN-13: 0593330277

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A Wall Street Journal and National Bestseller! The man who predicted the worst economic crisis in US history shows you how to survive it. The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come. But for knowledgeable investors, all hope is not lost. In The New Great Depression, James Rickards, New York Times bestselling author of Aftermath and The New Case for Gold, pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive -- even prosper -- during a time of unrivaled turbulence. Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it. A must-read for any fans of Rickards and for investors everywhere who want to understand how to preserve their wealth during the worst economic crisis in US history.


The New Depression

The New Depression

Author: Richard Duncan

Publisher: John Wiley & Sons

Published: 2012-04-03

Total Pages: 192

ISBN-13: 1118157796

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Why the global recession is in danger of becoming another Great Depression, and how we can stop it When the United States stopped backing dollars with gold in 1968, the nature of money changed. All previous constraints on money and credit creation were removed and a new economic paradigm took shape. Economic growth ceased to be driven by capital accumulation and investment as it had been since before the Industrial Revolution. Instead, credit creation and consumption began to drive the economic dynamic. In The New Depression: The Breakdown of the Paper Money Economy, Richard Duncan introduces an analytical framework, The Quantity Theory of Credit, that explains all aspects of the calamity now unfolding: its causes, the rationale for the government's policy response to the crisis, what is likely to happen next, and how those developments will affect asset prices and investment portfolios. In his previous book, The Dollar Crisis (2003), Duncan explained why a severe global economic crisis was inevitable given the flaws in the post-Bretton Woods international monetary system, and now he's back to explain what's next. The economic system that emerged following the abandonment of sound money requires credit growth to survive. Yet the private sector can bear no additional debt and the government's creditworthiness is deteriorating rapidly. Should total credit begin to contract significantly, this New Depression will become a New Great Depression, with disastrous economic and geopolitical consequences. That outcome is not inevitable, and this book describes what must be done to prevent it. Presents a fascinating look inside the financial crisis and how the New Depression is poised to become a New Great Depression Introduces a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead Offers unique insights from the man who predicted the global economic breakdown Alarming but essential reading, The New Depression explains why the global economy is teetering on the brink of falling into a deep and protracted depression, and how we can restore stability.


The Politically Incorrect Guide to the Great Depression and the New Deal

The Politically Incorrect Guide to the Great Depression and the New Deal

Author: Robert Murphy

Publisher: Regnery Publishing

Published: 2009-03-31

Total Pages: 210

ISBN-13: 1596980966

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Provides irrefutable evidence that not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover's and Franklin Delano Roosevelt's big government policies afterwards made it much longer and much worse.--From publisher description.


The Great Depression and New Deal

The Great Depression and New Deal

Author: Eric Rauchway

Publisher: OUP USA

Published: 2008-03-10

Total Pages: 161

ISBN-13: 0195326342

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The Great Depression forced the United States to adopt policies at odds with its political traditions. This title looks at the background to the Depression, its social impact, and at the various governmental attempts to deal with the crisis.


The New Mind-Body Science of Depression

The New Mind-Body Science of Depression

Author: Vladimir Maletic

Publisher: W. W. Norton & Company

Published: 2017-06-13

Total Pages: 461

ISBN-13: 0393708608

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The scientific and therapeutic implications of a new way of understanding a common disease. Depression has often been studied, but this multifaceted disease remains far from understood. Here, leading researchers present a major new view of the disorder that synthesizes multiple lines of scientific evidence from neurobiology, mindfulness, and genetics. A comprehensive mind-body approach to understanding, evaluating, and treating this disease.


No Depression in Heaven

No Depression in Heaven

Author: Alison Collis Greene

Publisher: Oxford University Press

Published: 2016

Total Pages: 337

ISBN-13: 0199371873

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Nowhere was the transition from church-based aid to federal welfare state brought about by the Great Depression more dramatic than in the South. For a moment, the southern Protestant establishment turned to face the suffering that plantation capitalism pushed behind its image of planter's hatsand hoopskirts. When starving white farmers marched into an Arkansas town to demand food for their dying children and when priests turned away hungry widows and orphans because they were no needier than anyone else, southern clergy of both races spoke with one voice to say that they had done allthey could. It was time for a higher power to intervene. They looked to God, and then they looked to Roosevelt.When Roosevelt promised a new deal for the "forgotten man," Americans cheered, and when he took office, churches and private agencies gratefully turned much of the responsibility for welfare and social reform over to the state. Yet, argues historian Allison Collis Greene, Roosevelt's New Dealthreatened plantation capitalism even while bending to it. Black southern churches worked to secure benefits for their own communities while white churches divided over loyalties to Roosevelt and Jim Crow. Frustrated by their failure and fractured by divisions over the New Deal, leaders in the majorwhite Protestant denominations surrendered their moral authority in the South. Although the Protestant establishment retained a central role in American life for decades after the Depression, its slip from power made room for upstart Pentecostals and independent evangelicals, who emphasized personalrather than social salvation.


FDR's Folly

FDR's Folly

Author: Jim Powell

Publisher: Crown

Published: 2007-12-18

Total Pages: 354

ISBN-13: 030742071X

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The Great Depression and the New Deal. For generations, the collective American consciousness has believed that the former ruined the country and the latter saved it. Endless praise has been heaped upon President Franklin Delano Roosevelt for masterfully reining in the Depression’s destructive effects and propping up the country on his New Deal platform. In fact, FDR has achieved mythical status in American history and is considered to be, along with Washington, Jefferson, and Lincoln, one of the greatest presidents of all time. But would the Great Depression have been so catastrophic had the New Deal never been implemented? In FDR’s Folly, historian Jim Powell argues that it was in fact the New Deal itself, with its shortsighted programs, that deepened the Great Depression, swelled the federal government, and prevented the country from turning around quickly. You’ll discover in alarming detail how FDR’s federal programs hurt America more than helped it, with effects we still feel today, including: • How Social Security actually increased unemployment • How higher taxes undermined good businesses • How new labor laws threw people out of work • And much more This groundbreaking book pulls back the shroud of awe and the cloak of time enveloping FDR to prove convincingly how flawed his economic policies actually were, despite his good intentions and the astounding intellect of his circle of advisers. In today’s turbulent domestic and global environment, eerily similar to that of the 1930s, it’s more important than ever before to uncover and understand the truth of our history, lest we be doomed to repeat it.


The Great Depression

The Great Depression

Author: Robert S. McElvaine

Publisher: Crown

Published: 2010-10-27

Total Pages: 432

ISBN-13: 0307774449

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One of the classic studies of the Great Depression, featuring a new introduction by the author with insights into the economic crises of 1929 and today. In the twenty-five years since its publication, critics and scholars have praised historian Robert McElvaine’s sweeping and authoritative history of the Great Depression as one of the best and most readable studies of the era. Combining clear-eyed insight into the machinations of politicians and economists who struggled to revive the battered economy, personal stories from the average people who were hardest hit by an economic crisis beyond their control, and an evocative depiction of the popular culture of the decade, McElvaine paints an epic picture of an America brought to its knees—but also brought together by people’s widely shared plight. In a new introduction, McElvaine draws striking parallels between the roots of the Great Depression and the economic meltdown that followed in the wake of the credit crisis of 2008. He also examines the resurgence of anti-regulation free market ideology, beginning in the Reagan era, and argues that some economists and politicians revised history and ignored the lessons of the Depression era.


The Dollar Crisis

The Dollar Crisis

Author: Richard Duncan

Publisher: John Wiley & Sons

Published: 2011-10-31

Total Pages: 338

ISBN-13: 111817707X

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In this updated, second edition of the highly acclaimed international best seller, The Dollar Crisis: Causes, Consequences, Cures, Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump. The Dollar Crisis is divided into five parts: Part One describes how the US trade deficits, which now exceed US$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble. Part Two explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable. Part Three analyzes the extraordinarily harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world. Part Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worldwide downturn and put in place the foundations for balanced and sustainable economic growth in the decades ahead. Part Five, which has been newly added to the second edition, describes the extraordinary evolution of this crisis since the first edition was completed in September 2002. It also considers how the Dollar Crisis is likely to unfold over the years immediately ahead, the likely policy response to the crisis, and why that response cannot succeed. The Dollar Standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st Century.