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 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.

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Book Information

Publisher: Portfolio
Publish Date: 01/12/2021
Pages: 208
ISBN-13: 9780593330272
ISBN-10: 0593330277
Language: English

Full Description

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.

About the Author

James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and the bestselling author of The New Great Depression , Aftermath , The Road to Ruin , and many more.

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