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The Dollar Crisis: Causes, Consequences, Cures
 
 
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The Dollar Crisis: Causes, Consequences, Cures [Paperback]

Richard Duncan
5.0 out of 5 stars  See all reviews (4 customer reviews)
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Product details

  • Paperback: 324 pages
  • Publisher: John Wiley & Sons; Revised and Updated edition (6 May 2005)
  • Language English
  • ISBN-10: 0470821701
  • ISBN-13: 978-0470821701
  • Product Dimensions: 23 x 15.4 x 2.8 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Bestsellers Rank: 141,375 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Richard Duncan
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Review

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.–– 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

Grant's, 15 August 2003

"...a provocative new book..." --This text refers to an out of print or unavailable edition of this title.

Inside This Book (Learn More)
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First Sentence
When the Bretton Woods international monetary system broke down in 1973, the world's financial officials were unable to agree on a new set of rules to regulate international trade and monetary relations. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

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Most Helpful Customer Reviews
20 of 21 people found the following review helpful
By P Dogg
Format:Hardcover
Every day we are barraged by so much raw data on GDP, borrowing, exchange rates and trade deficits etc. The 'facts' we see on business news TV and in learned economic journals are plentiful. Sadly, long lists of facts aren't particularly useful if, like most people, you don't know how to analyse them usefully. This book makes sense of the economic forces that underpin the dollar and the US stock market, putting today's precarious situation into historical perspective and explaining why the dollar must fall. Lucid explanations abound along with plenty of charts and recaps of all the important points exactly when you were about to let something slip from the front of your mind. Brilliant on the qualitative arguments but even more impressive on the quantitative stuff. This is a far more serious work than most of its competition like "Financial Reckoning Day" which I read on the same day. If you're into having your thoughts and opinions backed up with meaningful fact based analysis then this is the book for you.
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4 of 4 people found the following review helpful
By Rolf Dobelli TOP 500 REVIEWER
Format:Paperback
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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2 of 2 people found the following review helpful
Format:Paperback
The main theme of this book is the damage done to world economies by excess liquidity.
The author expressess this concept from a number of angles leaving the reader in no
doubt about what he is trying say about his subject.
Whilst his style is repetitive it is welcome, since, offering a single
thread about a complex subject is often not enough to drive home the idea.
Richard Duncan has therefore written a book which will be of great value to
students of monetary policy for its lucid explanations.
A very well written book which is easy to read and which
imparts easy to understand concepts about a very complex subject.
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