{"product_id":"the-dollar-crisis-isbn-9780470821701","title":"The Dollar Crisis","description":"In this updated, second edition of the highly acclaimed international best seller, \u003ci\u003eThe Dollar Crisis: Causes, Consequences, Cures\u003c\/i\u003e, 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.  \u003cp\u003e\u003cb\u003eThe Dollar Crisis is divided into five parts:\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One\u003c\/b\u003e 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.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two\u003c\/b\u003e explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three\u003c\/b\u003e analyzes the extraordinarily harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four\u003c\/b\u003e 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.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five\u003c\/b\u003e, 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.\u003c\/p\u003e \u003cp\u003eThe Dollar Standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st Century.\u003c\/p\u003e  Preface to the Revised Edition.  \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE: THE ORIGIN OF ECONOMIC BUBBLES.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eChapter 1. The Imbalance of Payments.\u003c\/p\u003e \u003cp\u003eChapter 2. Effervescent Economies.\u003c\/p\u003e \u003cp\u003eChapter 3. The New Paradigm Bubble.\u003c\/p\u003e \u003cp\u003eChapter 4. The Great American Bubble (of the 1920s).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO: FLAWS IN THE DOLLAR STANDARD.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eChapter 5. The New Paradigm Recession.\u003c\/p\u003e \u003cp\u003eChapter 6. The Fate of the Dollar: Half a Trillion Reasons Why the Dollar Must Collapse.\u003c\/p\u003e \u003cp\u003eChapter 7. Asset Bubbles and Banking Crises.\u003c\/p\u003e \u003cp\u003eChapter 8. Deflation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE: GLOBAL RECESSION AND THE DEATH OF MONETARISM.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eChapter 9. Global Recession: Why, When, and How Hard?\u003c\/p\u003e \u003cp\u003eChapter 10. The End of the Era of Export-led Growth.\u003c\/p\u003e \u003cp\u003eChapter 11. Monetarism is Drowning.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR: POLICY TOOLS FOR THE 21ST CENTURY.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eChapter 12. A Global Minimum Wage.\u003c\/p\u003e \u003cp\u003eChapter 13. Controlling the Global Money Supply.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE: THE EVOLUTION OF A CRISIS.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eChapter 14. Deflation: The Red’s Greatest Fear.\u003c\/p\u003e \u003cp\u003eChapter 15. The Run on the Dollar, 2003.\u003c\/p\u003e \u003cp\u003eChapter 16. The Great Reflation.\u003c\/p\u003e \u003cp\u003eChapter 17. Understanding Interest Rates in the Age of Paper Money.\u003c\/p\u003e \u003cp\u003eChapter 18. What's Worrying The Chairman.\u003c\/p\u003e \u003cp\u003eChapter 19. After Reflation, Deflation.\u003c\/p\u003e \u003cp\u003eChapter 20. Bernankeism.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e 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.\u003cbr\u003e-- \u003cb\u003eSteven Irvine,\u003c\/b\u003e \u003ci\u003eFinanceAsia\u003c\/i\u003e \u003cbr\u003e\u003cbr\u003eDuncan writes like a man who’s already seen tomorrow. \u003cbr\u003e-- \u003cb\u003eJames Grant,\u003c\/b\u003e \u003ci\u003eGrant’s Interest Rate Observer\u003c\/i\u003e \u003cp\u003eI held a class for about 150 people on the book entitled \u003ci\u003e\"The Dollar Crisis,\"\u003c\/i\u003e 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.\u003cbr\u003e-- \u003cb\u003eRobert Kiyosaki\u003c\/b\u003e, author of \u003ci\u003eRich Dad, Poor Dad\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eI 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!\u003cbr\u003e\u003cb\u003e-- Richard Russell,\u003c\/b\u003e \u003ci\u003eDow Theory Letters\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eRichard 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. \u003cbr\u003e--\u003cb\u003ePhilip Bowring,\u003c\/b\u003e \u003ci\u003eInternational Herald Tribune\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eRichard Duncan’s excellent book… we cannot recommend it enough.\u003cbr\u003e-- \u003cb\u003eBill Bonner,\u003c\/b\u003e \u003ci\u003eThe Daily Reckoning\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eRichard 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.\u003cbr\u003e-- \u003cb\u003eJohn Mauldin\u003c\/b\u003e, \u003ci\u003eThoughts from the Frontline\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eFor 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.\u003cbr\u003e--\u003cb\u003eWilliam Pesek Jr\u003c\/b\u003e., \u003ci\u003eInternational Herald Tribune\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eRICHARD DUNCAN\u003c\/b\u003e 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.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eREVIEWS FROM THE FIRST EDITION\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Posterity may remember \u003ci\u003eThe Dollar Crisis \u003c\/i\u003eas a seminal book in the field of twenty-first century economics. Indeed, rarely has a book offered such a grim yet well argued view of the current economic situation facing the world.” \u003c\/p\u003e\u003cp\u003e—\u003cb\u003eSteven Irvine\u003c\/b\u003e\u003cbr\u003e FinanceAsia \u003c\/p\u003e\u003cp\u003e“Richard Duncan crisply explains why payback time for years of U.S. credit excesses, payments imbalances, and securitized sub-par lending is imminent. Mr. Greenspan, your time is up.” \u003c\/p\u003e\u003cp\u003e—\u003cb\u003ePhilip Bowring\u003c\/b\u003e \u003cbr\u003e \u003ci\u003eInternational Herald Tribune\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eIn this revised edition of the highly acclaimed international bestseller, \u003ci\u003eThe Dollar Crisis: Causes, Consequences, Cures,\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Dollar Crisis\u003c\/i\u003e is divided into five parts.The first four parts have been left as they appeared in the original edition of the book. The seven chapters that comprise Part Five are entirely new. \u003c\/p\u003e\u003cp\u003ePart One describes how the U.S. trade deficits, which now exceed U.S.$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble. \u003c\/p\u003e\u003cp\u003ePart Two explains why these giant deficits cannot persist and why a U.S. recession and a collapse in the value of the dollar are unavoidable. \u003c\/p\u003e\u003cp\u003ePart Three analyzes the extraordinarily harmful impact that a U.S. recession and collapse of the dollar would have on the rest of the world. \u003c\/p\u003e\u003cp\u003ePart 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. \u003c\/p\u003e\u003cp\u003ePart Five 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 is unlikely to succeed. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe dollar standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the twenty-first century.\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990208921829,"sku":"NP9780470821701","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470821701.jpg?v=1761786916","url":"https:\/\/k12savings.com\/es\/products\/the-dollar-crisis-isbn-9780470821701","provider":"K12savings","version":"1.0","type":"link"}