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Publisher's Summary

A Wall Street Journal and National Best Seller!

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 US 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 best-selling 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-listen 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.

©2020 James Rickards (P)2020 Penguin Audio

What listeners say about The New Great Depression

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Alarmist, outdated, and disconnected.

Overly cerebral with constant attacks of cherry-picked facts and opinions presented with the manic of a 9-11 conspiracy theorist.

The most alarmist book I have read about the post-covid recovery. The author blatantly uses speculative or outdated information to defend his arguments. It is clear the author is living isolated in his own world and completely disconnected from reality. Clearly has a bad eye for future events and trends.

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Highly recommend

This book was amazing and very well put together. A definite read for today's society.

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Not his best, but still enjoyed listening.

If you've listened to any recent youtube interview with James Rickards as the guest, you've heard 95% of what this book has to say. The rest is a detailed description of what SARS-CoV-2 is, along with more reasons to own an inflationary/deflationary portfolio that has gold in it. I love his books and articles, but this isn't joining that same list.

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Awesome read!!!!

Good work Mister Rickards. Thanks for taking the time and doing a deep analysis and putting this together!

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Rince, repeat recycle

Same book different cover. Always fun hearing/reading him reminis about his old days. Besides expressing his political biases and opinions on epidemiology, the economic perspectives and insights haven't really changed or evolved with new developments in this book, kinda feels like he released this sequel to his other books just to capitalise on the pandemic. I like more his past books, but this ones cover does make you wanna feed your inner conspiracy theorist :)

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Complex economic data easily understood

This is a great book for anybody that is truly interested in understanding the impact of the 2020 Global pandemic on markets. I am not an economist and some of the complex data points introduced here would be otherwise difficult to understand except for the fact that the author does a good job of making these easily understood for the average person. one of the few books I will likely go back and listen to again. I normally don't bother making bookmarks in an audiobook however felt compelled to do so with this book

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Everyone Needs This Book!

Everyone needs to read/listen to this book. I highly recommend reading it two or three times or more.

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Post Pandic Planning

I found Rickards depth of research, and accuracy of his analysis of the pandemic crisis very insightful. There have been a number of experts who've stated that there was an over reaction to the impact that would be caused SARS COV 2 Virus, and Rickards scientific research validates that perspective. Being respectful of the virus is only prudent, and rethinking our investments using Rickards analytical approach provides us with a path forward during and post crisis. I couldn't stop listening and I relistened to a few segments.

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Great audio book

Make you aware of the things to come. Hope the people will wake up before we lose our freedom.

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Wow. It's really a great book to understand...

It's a great book to understand how the pandemic is detroying our lives. What can we do about it, how can we deal with it, how it began, how can we make money during this, how it compare to the great depression and other events that happened in the past, what the Presidents did do to go thought this during the great depression, what the Fed could do about this one. So much information in just one book. Wow! Just wow!

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  • Michael Solano
  • 2021-01-13

In short

In short, the stock market hasn't bottomed, the fed is out of options, and buy gold now because it's going to 10K; then after that, buy cheap real estate because that market is going to crash too.

28 people found this helpful

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  • minhaj khaled
  • 2021-01-13

The new Great Depression review

This book gives a history lesson on the pandemic barely touches on how to navigate and manage your finances through the poast pandemic world.

9 people found this helpful

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  • Marisol Valdez
  • 2021-01-15

Great insight!

It’s not about left or right. It’s about setting yourself and love ones up for success in a post pandemic depression environment. Knowledge is power.

8 people found this helpful

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  • Michael Conn
  • 2021-01-13

Awesome economic analysis

Fantastic actionable economic analysis. Lots of actionable investment ideas in the later third of the book.

If you are an active investor this is a must read. If you’re not an active investor Jim will convince you to become one here.

7 people found this helpful

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  • Joni Butler
  • 2021-01-15

Another great book

Another insightful and enjoyable book from James Rickards. If this is the first time you’ve come across this author, then go for it, it’ll only want to make you read the rest! The topic is not one of joy and prosperity, but it is one of reality! Rickards gets to the point which I feel most commentators or authors are afraid of today, especially on this topic. This is not a political review of the Covid-19 pandemic or how it was handled by the US and every other nation, but does an excellent job of describing those actions and the consequences on the economy.

We know the economy isn’t doing well, we all feel it, but understanding why is the key, and this book does a good job of explaining the details. Rickards knows what he talking about and isn’t afraid to say it as it is, there is no agenda here. If you are looking for an insightful view on the last year and how you may preserve wealth going forward then read this book.

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  • Hawaiian Kava
  • 2021-01-24

Nothing more compelling than author's own voice!

Like frogs in a pot of water just warming up, unless you jump, you will surely die. Reality matters more than perception in the end. Rickard provides the framework for you to understand and take action.

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  • jkan
  • 2021-02-03

Book starts at Chapter 6

Huge fan of Richard's but this book was a waste of my time. First 5 chapters were a waste and basically fear mongering about this COVID virus. This book's thesis could have summed up in 5 lines, just read the conclusion.

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  • Amazon Customer
  • 2021-02-03

another James Rickard s book. buy gold or buy gold

buy gold or buy gold. and hold a little cash and a little equities and a little real estate

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  • Amazon Customer
  • 2021-01-27

Read this, then go back & read it again!

I've been waiting for this book since July 2020, this book clearly focuses on pandemics & economic tragedies, but one key thing you'll learn is that pandemics DON'T cause recessions or depressions, only foolish responses by governments do.

It truly isn't until the last chapter that James goes over what are sound & smart investment strategies to not only preserve wealth but prosper, & of course he talks about Gold.

By the way don't listen to the people who claim this book is bad, James Rickards has studied this his whole life & even predicted this "pandemic" we're in, don't be someone who thinks they're too smart for solid advice.

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  • Jared Irish
  • 2021-01-17

Amazon sure to censor or ban this book

communist Amazon not going to like this book. sure to block and take it down since it is against their fascist views

1 person found this helpful