The New Depression The Breakdown of the Paper Money Economy
, by Duncan, Richard
- ISBN: 9781118157794 | 1118157796
- Cover: Hardcover
- Copyright: 4/3/2012
Why the global recession will get worse before it gets better and what you can do to protect yourself Exploring in detail how quantitative easing, the practice of injecting paper money into an economy that is usually done by the government, will eventually and inevitably lead to inflation, The New Depression: How to Survive the Next Financial Crisis shows how this paper money creation is practically the only thing keeping the global economy from complete collapse. Over the next decade, either inflation or a financial meltdown are almost inevitable, and this book helps you prepare by explaining just how quantitative easing works, what the consequences will likely be, and how a harsher phase of economic crisis looms just beyond the horizon. Explaining what practical steps you can take to protect yourself from the coming instability, the book is a landmark volume that will completely change the way you think about this important topic written by bestselling author Richard Duncan, a man who predicted the current global economic disaster with terrifying accuracy. Over the past ten years alone governments have created more US$15 trillion out of thin air, and there will be consequences The book introduces a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to this disaster, but also to understanding how events will play out in the years ahead This is the book you need to prepare for whats coming and keep your money safe Alarming but essential reading, The New Depression explains why the global economy is likely to sink into a deep and protracted depression, and what you can do to survive financially.
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