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The New Great Depression

Winners and Losers in a Post-Pandemic World

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About this listen

 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. Economic Conditions Economics Banking Survival Wall Street Behavioural Finance Financial Crisis

Critic reviews

“Rickards...makes the important point that depressions are as much psychological as numeric…Intriguing policy recommendation…sound advice to investors on how to structure a portfolio to deal with both the threat of deflation and inflation…a bracing collection of salvos…with many genuine insights, which make it an enjoyable book to argue with. Let’s just hope that the next 30 years are less bleak than Mr Rickards expects.”
--The Financial Times
All stars
Most relevant
Eye opening and for our times. Clear and concise. A explanation of what's to come.

Covid and Economics

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this is the one I've been waiting for. there's many opportunities out there with what's happening

Rickards, I love you maan!

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Had to replay some bits three or four times to catch all the excellent information.

Best book yet Jim. Another must be due in 2022?

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Well written. Interesting facts. In depth analysis of financial, monetary history related to current global coming changes. Policies, restrictions, meltdown of the society. Where it leads...? Great read or listening in my case. I am fan of James recently. I really enjoyed this work. His knowledge & voice suits that all here.👍Worth to study. I am going to look more close at his other books. The way he describes, approach, & say things is somehow right. Methodological. Not overhyped. In details. Highly recommended.

Sage of a New Age?!

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Really enjoyed this book , I would of liked to know the authors views on Bitcoin and other digital assets

Bitcoin

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