The New Depression
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Link
Cost
Paid
Published
2012
Full Name
The New Depression: The Breakdown of the Paper Money Economy
When the United States stopped backing dollars with gold in 1968, the nature of money changed. The New Depression introduces The Quantity Theory of Credit, an analytical framework 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. Alarming but essential reading, this book explains why the global economy is teetering on the brink of falling into a deep and protracted depression, and how we can restore stability.
- 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