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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The Golden Guinea (Paperback)
Loot Price: R433
Discovery Miles 4 330
You Save: R82
(16%)
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The Golden Guinea (Paperback)
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List price R515
Loot Price R433
Discovery Miles 4 330
You Save R82 (16%)
Expected to ship within 12 - 17 working days
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In August of 2007, the debt-fuelled bubble that had created an
illusion of prosperity across the western world burst, leading to
an international financial crisis of unprecedented scale and
duration. Michael Nevin analyses the causes of the crisis in clear
and understandable terms, and explains why successive attempts to
tackle it by bank bailouts, quantitative easing and other piecemeal
responses have failed. He predicts that the Euro cannot survive in
its present form, while dollar instability and the inexorable rise
in sovereign debt will continue to hamper economic growth
worldwide. Unless a radically different approach is taken, an
increasingly virulent economic nationalism could threaten the
living standards of all of us and lead to a lost generation of
young people with no prospect of work. This book sets out an
alternative strategy for sustained recovery,including the orderly
dismantling of the Euro, the end of the dollar's privileged status
as an international reserve currency, and the restoration of sound
money, founded on a new international currency that cannot be
manipulated by bankers or politicians - The Golden Guinea. Michael
Nevin's analysis of the credit crisis draws on his extensive
experience of investment banking, project finance and economics, to
explain what has gone wrong and why, what needs to be done now and
what steps need to be taken to ensure it ever happens again.
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