Product Description

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.

Product Details

• Amazon Sales Rank: #18311 in Books
• Published on: 2005-06-22
• Number of items: 1
• Binding: Paperback
• 324 pages

Review
Posterity may remember The Dollar Crisis as a seminal book in the field of 21^st 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

The Daily Reckoning
"...we strongly recommend...the man seems to have hit the nail right on the noggin..."

Grant's, 15 August 2003
"...a provocative new book..."

Customer Reviews

Consequences
This is a great book. This is not light reading. But in regards to the review of this book, I guess it depends on the age of the reader. I am 100% sure no one under the age of 28 have ever read the book or would care to read it. But I am old enough to know that when I was born there were only 150 million Americans, gas was .25 cents per gallon and the coins in my pocket were 90% silver. My first job paid $1.53 per hour and I can remember going into a country store and telling Mr. Childers "I want .25 cents worth of balogna, cheese and crackers" and I would get stuffed. Mr Duncans Cures? Maybe so, but I believe we will fix nothing and our money is now a joke. Regards, Keith Renick, Peachtree City, Ga.

The Dollar Crisis
A very good and readable presentation of the global economy and how the profligate spending and massive debt accumulation of the United States will bring about severe ramifications not seen since the great depression.

Drivers of the Global Economy
Best I've read (and re-read) that gives a semi-informed layman an understanding of the dynamics of the global economy. In light of the current global credit crisis, the deflation of the US property bubble, the downturn in US consumer spending and sentiment and the likelihood of the a US recession, this book is amazingly prescient.

The recommended solutions to the credit and currency crises won't happen due to the self-interested nature of national politics, which suggests there is no positive outcome to this.