"...we strongly recommend...the man seems to have hit the nail right on the noggin..." (The Daily Reckoning)
"...is impeccably researched...provides a useful resume of how the dollar came to be the dominant force in world currency markets..." (www.iii.co.uk (AMPLE), 6 January 2004)
The books theme is that the global economy has been destabilized by the United States' enormous trade deficit which now exceeds US$50 million. . . AN HOUR or 1.5% of Global GDP per annum. That trade imbalance, financed through debt, has created tremendous disequilibrium in the global economy and an economic bubble in the United States. When that bubble pops and the global economic disequilibrium unwinds, the world will not be able to avoid a very serious economic slump.
The Dollar Crisis is divided into four parts:
Part One describes how the US trade deficits have destabilized the global economy by creating a world-wide credit bubble.
Part Two 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 analyzes the extraordinarioy harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world.
Part Four 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 sutainable economic growth in the decades ahead.
The Dollar Crisis is a must read for investors, bankers, brokers, exporters, economists and anyone else who wants to understand what has gone wrong with the world economy.
As a result the U.S. dollar became the world's reserve currency.
Even that comparison is not entirely accurate, because guns actually do provide a much simpler method for a person to take another's life than other available means.
It is a very well researched book and therefore very informative and educating.
I was very disapointed with this book. It is completely outdated and the claimed update was actually years ago. It does not really address the current currency crisis at all.Published 11 months ago by bingo-jim
This has much convincing data showing world wide recession with an ongoing dollar crash. It's a good economic reference, especially when combined with Duncan's newer book, 'The New... Read morePublished 22 months ago by Gderf
A history of the dollar crisis with a ideas for solutions and how these can be implemented. Really liked it.Published on November 29, 2012 by Anaxirinia Gonzalez
In this book, Richard Duncan describes the inherent instability that underlies the contemporary global financial system. Read morePublished on October 19, 2012 by Bobby Jones
book published in 2003 and compared upto 2007 and 2012 has not come true. yes the dollar went down but the dow hit 14,000. real estate went up & up & up. Read morePublished on July 9, 2012 by NiQ
The author made some predictions in 2003 that turned out to be true five year later and counting. But he also predicted the dollar's collapse which is so far false. Read morePublished on July 8, 2012 by A_2007_reader
American consumers are happily buying the cheaper products made with low-wage labor in the countries like India and China. Read morePublished on February 11, 2012 by Readtoawake