The Dollar 💵 Crisis. Causes, Consequences, Cures
👓 Richard DuncanThe Dollar 💵 Crisis. Causes, Consequences, Cures
✅ In this updated, 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 worldwide economic slump. The Dollar 💵 Crisis is divided into five 5️⃣ parts: Part One 1️⃣ describes how the US 👥⬅️ trade deficits, which now exceed US$ 👥⬅️💲1️⃣ million a minute, have destabilized the global economy by creating a worldwide credit 💳️ bubble 💬. Part Two 2️⃣ 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 3️⃣ analyzes the extraordinarily harmful impact that the US 👥⬅️ recession and ➕ the collapse of the Dollar 💵 will have on the rest of the world 🗺️. Part Four 4️⃣ offers original recommendations that, if implemented, would help mitigate the damage of the coming ⤵️ worldwide downturn and ➕ put in place the foundations for balanced and ➕ sustainable economic growth 📈 in the decades ahead. Part Five 5️⃣, which has been newly added to the second 🥈 edition, describes the extraordinary evolution 🧬 of this crisis since the first edition was completed in September 2002. It also considers how the Dollar Crisis is since the 🥇 edition was completed in September 2️⃣0️⃣0️⃣2️⃣. It also considers how the 💵 Crisis is likely to unfold over the years immediately ahead, the likely policy response to the crisis, and ➕ why ❓️ that response cannot succeed. The Dollar 💵 Standard is inherently flawed and ➕ increasingly unstable. Its collapse will be the most important economic event of the 2️⃣1️⃣st Century.
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