The Dollar Crisis

Richard Duncan argues that the global economy is on the verge of a severe downturn driven by the United States' massive trade deficit. He contends that this imbalance, financed through debt, has created a dangerous disequilibrium and a domestic economic bubble. When this bubble bursts, Duncan predicts the unwinding will trigger a serious worldwide slump, reminiscent of the 1930s, with plunging markets and corporate bankruptcies. The book serves as a warning about the structural fragility of the post-1971 monetary system and the specific mechanisms by which American consumption habits have destabilized international finance.

Description adapted from Open Library ↗.