The Dollar Crisis (eBook)

Causes, Consequences, Cures, Revised and Updated

Richard Duncan (Autor)

eBook Download: EPUB

2011 | 2. Auflage
336 Seiten
John Wiley & Sons (Verlag)
978-1-118-17707-5 (ISBN)

Infos

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.

Autor

RICHARD DUNCAN has worked as a financial analyst in Asia for more than 18 years, conducting research and publishing investment reports on companies, industries, and economies from India to Japan. One of the first to warn of the impending economic crisis in Thailand in the mid-1990s, Mr. Duncan worked as a consultant for the International Monetary Fund at the height of the Asian financial crisis and subsequently joined the World Bank in Washington, D.C. Mr. Duncan currently works for ABN AMRO Asset Management as an analyst of Asian banks and insurance companies.

Inhalt

Preface to the Revised Edition.

Introduction.

PART ONE: THE ORIGIN OF ECONOMIC BUBBLES.

Introduction.

Chapter 1. The Imbalance of Payments.

Chapter 2. Effervescent Economies.

Chapter 3. The New Paradigm Bubble.

Chapter 4. The Great American Bubble (of the 1920s).

PART TWO: FLAWS IN THE DOLLAR STANDARD.

Introduction.

Chapter 5. The New Paradigm Recession.

Chapter 6. The Fate of the Dollar: Half a Trillion Reasons Why
the Dollar Must Collapse.

Chapter 7. Asset Bubbles and Banking Crises.

Chapter 8. Deflation.

PART THREE: GLOBAL RECESSION AND THE DEATH OF
MONETARISM.

Introduction.

Chapter 9. Global Recession: Why, When, and How Hard?

Chapter 10. The End of the Era of Export-led Growth.

Chapter 11. Monetarism is Drowning.

PART FOUR: POLICY TOOLS FOR THE 21ST CENTURY.

Introduction.

Chapter 12. A Global Minimum Wage.

Chapter 13. Controlling the Global Money Supply.

PART FIVE: THE EVOLUTION OF A CRISIS.

Introduction.

Chapter 14. Deflation: The Red's Greatest Fear.

Chapter 15. The Run on the Dollar, 2003.

Chapter 16. The Great Reflation.

Chapter 17. Understanding Interest Rates in the Age of Paper
Money.

Chapter 18. What's Worrying The Chairman.

Chapter 19. After Reflation, Deflation.

Chapter 20. Bernankeism.

Conclusion.

Index.

Rezensionen

Posterity may remember The Dollar Crisis as a seminal book in the field of 21st century economics. Indeed, rarely has a book offered such a grim yet, well argued view of the current economic situation facing the world.-- Steven Irvine, FinanceAsia Duncan writes like a man who's already seen tomorrow. -- James Grant, Grant's Interest Rate Observer

I held a class for about 150 people on the book entitled "The Dollar Crisis," authored by Richard Duncan. If you want to better understand why the real estate bubble bust and the crash of the dollar will probably lead to a prolonged recession, you may want to read this book sooner rather than later. In a nutshell, we really do not have a real estate bubble... the world is in a currency bubble. In other words, the governments of the world have printed too much "funny" money and cash will soon turn to trash. Even if you are not in real estate or are saving dollars, you may want to read this book to find out what you need to invest in now, before the bubble bursts. If you are in stocks and mutual funds, you definitely want to read this book.-- Robert Kiyosaki, author of Rich Dad, Poor Dad

I would like every one of my subscribers to click on to Amazon.com and buy a new book that has just been published entitled, "The Dollar Crisis, Causes, Consequences, Cures." The book costs around twenty bucks and is worth ten times that amount. The author, Richard Duncan has a great background and is as smart as they come. He explains why he sees a crashing dollar and a severe recession coming up in the US - plus a world recession. This is no wild-eyed guru, this is a guy who knows what he's talking about and a guy who understands money and the world monetary system - he's worked for both the World Bank and the International Monetary Fund. Please buy this book!-- Richard Russell, Dow Theory Letters

Richard Duncan crisply explains why payback time for years of credit excesses, payments imbalances and securitized sub-par lending is imminent. Mr Greenspan, your time is up. --Philip Bowring, International Herald Tribune

Richard Duncan's excellent book... we cannot recommend it enough.-- Bill Bonner, The Daily Reckoning

Richard Duncan... is one of the brightest financial analysts I know. Richard is the author of one of my favorite books called The Dollar Crisis: Causes, Consequences, Cures.-- John Mauldin, Thoughts from the Frontline

For a preview of how it might play out, consult Richard Duncan's recently revised book, The Dollar Crisis: Causes, Consequences, Cures. Just try to sleep after digesting its thesis that the world's biggest economy is looking like a huge and growing Ponzi scheme.--William Pesek Jr., International Herald Tribune

Produkt-Details

• Erscheint lt. Verlag: 31.10.2011
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: Economics • Finance & Investments • Finance & Investments Special Topics • Finanz- u. Anlagewesen • Macroeconomics • Makroökonomie • Makroökonomie • Spezialthemen Finanz- u. Anlagewesen • Volkswirtschaftslehre
• ISBN-10: 1-118-17707-X / 111817707X
• ISBN-13: 978-1-118-17707-5 / 9781118177075