The Dollar Crisis: Causes, Consequences, Cures

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Description

In this up to date, 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 all over the world economic slump.

The Dollar Crisis is divided into five parts:

Part One describes how america trade deficits, which now exceed US$1 million a minute, have destabilized the global economy by creating a all over the world 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 affect that america 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 all over the world 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 odd evolution of this crisis since the first edition was once completed in September 2002. It also considers how the Dollar Crisis is likely to unfold over time immediately ahead, the likely policy response to the crisis, and why that response cannot succeed.

The Dollar Standard is inherently incorrect and an increasing number of unstable. Its collapse will be an important economic event of the 21st Century.

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