The New Great Depression: Winners and Losers in a Post-Pandemic World

The New Great Depression: Winners and Losers in a Post-Pandemic World

by James Rickards
The New Great Depression: Winners and Losers in a Post-Pandemic World

The New Great Depression: Winners and Losers in a Post-Pandemic World

by James Rickards

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Overview

A Wall Street Journal and National Bestseller!

The man who predicted the worst economic crisis in US history shows you how to survive it.


The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come.

But for knowledgeable investors, all hope is not lost.

In The New Great Depression, James Rickards, New York Times bestselling author of Aftermath and The New Case for Gold, pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive — even prosper — during a time of unrivaled turbulence. Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it.

A must-read for any fans of Rickards and for investors everywhere who want to understand how to preserve their wealth during the worst economic crisis in US history.

Product Details

ISBN-13: 9780593330272
Publisher: Penguin Publishing Group
Publication date: 01/12/2021
Pages: 208
Sales rank: 392,343
Product dimensions: 6.10(w) x 9.10(h) x 1.00(d)

About the Author

James Rickards is the Editor of Strategic Intelligence a financial newsletter. He is The New York Times bestselling author of The New Great Depression (2020), Aftermath (2019), The Road to Ruin (2016), The New Case for Gold (2016), The Death of Money (2014), and Currency Wars (2011) from Penguin Random House. He is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an op-ed contributor to the Financial Times, Evening Standard, The Telegraph, New York Times, and Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, Trinity College Dublin, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has presented papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the FDD Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in New Hampshire.

Table of Contents

Introduction xiii

Chapter 1 A New Virus-From China to a Town Near You 1

Chapter 2 One Hundred Days-Chronicle of a Lockdown 27

Chapter 3 The New Great Depression 45

Chapter 4 Debt and Deflation Derail Recovery 75

Chapter 5 Civilization's Thin Veneer 97

Chapter 6 Investing in a Post-Pandemic World 119

Conclusion 153

Acknowledgments 163

Notes 165

Selected Sources 177

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