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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.

And six, James Scouller has sharpened every chapter to make the key ideas even clearer. As in edition one, it cuts to the chase, but with even more authority and clarity than before. And in expanding certain sections with new ideas, Scouller hasn't lost sight of his chief aim: to offer readers a concise master model. Anyone wanting to grow themselves as leaders should buy this internationally acclaimed book. How does a Christian behave when surrounded by a hostile world that doesn't understand who we are or why we do what we do? In three letters, Peter and Jude provide some answers: Abandon the old pagan ways. Learn the new habit of love. Put on the mental armor that will make you strong to face suffering that may come. These nine studies from Tom Wright show you the wisdom of their words for us today and remind you, in the midst of hardship, that the God who deserves all praise The New Depression: The Breakdown of the Paper Money Economy free download pdf is still "the one who is able to keep you standing upright."

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Author: Richard Duncan
Number of Pages: 192 pages
Published Date: 15 May 2012
Publisher: John Wiley & Sons Inc
Publication Country: New York, United States
Language: English
ISBN: 9781118157794
Download Link: Click Here
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