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The New Great Depression

Winners and Losers in a Post-Pandemic World

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The New Great Depression

By: James Rickards
Narrated by: James Rickards
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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
I really like James R. style or writing and his logical views on the economy. This is a must read.

Very timely

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I've read a listened to most of Jim's books and they are all full of info and amazing foresight.

Great Book

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Great audio book listened to it straight through. I'm grateful to have access to James's insight to the pandemic and the state of the economy... I'm a big fan of all of his other books and they are helping me make better financial decisions.

Thank you

Greatful for this insight

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Rickards has produced an engaging and well-researched analysis of what may well lie ahead post pandemic (and why). History sure is a great teacher.

Excellent and well researched prognosis

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Great analysis of the Spanish Flu and SARS pandemics to play out post COVID economic scenarios. The section on portfolio balancing and case for Gold are worth putting into your plans.

Balanced approach to play Post-COVID scenarios

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