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Title: The Dollar Crisis: Causes, Consequences, Cures , Revised and Updated
ISBN: 0470821701
Author:
Richard Duncan
Publicate Date: 2005-06-22
Publish: 2005-06-22
List Price: $19.95
Average Customer Rating: 4.0
Format: Paperback
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Amazon Lowest New Price: $11.13
Amazon Lowest Used Price: $10.20
Amazon Merchant Price: $13.57
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| Customer Review: |
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1: Outstanding Explanation of Millenial Meltdown
This is the finest explanation on the economic dynamics leading up to and including the 2008 Millenial Meltdown. And he put the detailed map in front of us several years prior to the 11/08 meltdown.
His map is relatively straightforward, as he describes how the USA/World meltdown is based on the same economic dynamics of previous (20th century)events: 1. too much credit, 2. asset bubble(s), 3. asset bubble bursts, 4. asset deflation and stock market crash, 5. financial institution insolvency. How does it all turn out? Let me just say that no matter what the type and level of government intervention, there will not be a happy ending.
Study this book and you'll be as much an expert on the plague on USA/World economies and stock markets since the revocation of the gold standard (Bretton Woods) as anyone else.
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2: Prophetic economic analysis
Subsequent events have proven this book to be somewhat prophetic. Richard Duncan offers a very good, although somewhat dry, exposition of the international financial structures that emerged in the wake of the failure of the Bretton Woods system. The author is reasonably evenhanded in his assessment of these structures, noting that they made extremely rapid development possible, but at the great risk of economic crisis. In the wake of the subprime mortgage setbacks of 2007 and 2008, few well-informed people would argue with the author's indictment of excessive credit expansion. Still, many might argue with his conclusions, especially with his support of a global central bank and a global minimum wage. For those seeking a clear, informed exposition of the systemic vulnerabilities that culminated in the global credit crisis of 2008, getAbstract suggests this book as an excellent starting point.
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3: Crisis explained, need personal solutions
The book is excellent, providing charts and graphs to back up almost every statement. Excellent statement of the problem, and even what to do globally to fix. However, I wanted personal strategies I could apply to protect myself against loss, which are not covered in this book.
You need to like numbers and charts to appreciate this book. It's a little slow in the middle, but if you just plow through it, by the end you have a very rewarding understanding of the problem.
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4: 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.
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5: 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.
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