Listen free for 30 days

  • The New Great Depression

  • Winners and Losers in a Post-Pandemic World
  • Written by: James Rickards
  • Narrated by: James Rickards
  • Length: 5 hrs and 27 mins
  • 4.6 out of 5 stars (158 ratings)

Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo + applicable taxes after 30 days. Cancel anytime.
The New Great Depression cover art

The New Great Depression

Written by: James Rickards
Narrated by: James Rickards
Try for $0.00

$14.95 a month after 30 days. Cancel anytime.

Buy Now for $26.32

Buy Now for $26.32

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Tax where applicable.

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 the critics say

“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)

What listeners say about The New Great Depression

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    114
  • 4 Stars
    28
  • 3 Stars
    10
  • 2 Stars
    3
  • 1 Stars
    3
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    92
  • 4 Stars
    24
  • 3 Stars
    8
  • 2 Stars
    5
  • 1 Stars
    1
Story
  • 4.5 out of 5 stars
  • 5 Stars
    87
  • 4 Stars
    32
  • 3 Stars
    4
  • 2 Stars
    4
  • 1 Stars
    4

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    1 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    1 out of 5 stars

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.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

5 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    1 out of 5 stars

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 :)

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

3 people found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    2 out of 5 stars

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.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

3 people found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    4 out of 5 stars

The predictions about Dow and Gold are incorrect

As I listen this book in August 2022 (I know I'm late), The predictions about Dow and Gold are seen completely incorrect. The Dow was not at 18-19K but was high as 36K at the end of 2021. The gold has not at all rocketed up as predicted in the book. Investment diversification with percentages is good take away. Now inflation is worrying the economy and not deflation. The knowledge of COVID virus, pandemic and history of other major economic crisis is well explained, but that was not my reason to read the book.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

2 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Informative!

Loved it, very informative to new investors. And gives an insightful overview of the history of monitory policy.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

2 people found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars

Didn’t pan out the way Jim expected

2 years after this book was released it’s clear a significant chunk of the predictions in this book were incorrect. Having said that there are some good lessons in history that you could pick up here. Probably not worth the buy just because it’s outdated.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Highly recommend

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Awesome read!!!!

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

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    2 out of 5 stars

Author too early to impose his opinions

Pandemic is a historical events. I expected that the author to describe the event and dissect everything happened in between. Instead he is pointing fingers at some targets. I think that’s the conclusions left to the reader to decide. He could be right but I don’t think I am paying to to preach. This isn’t a church.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Good overview with predictions of which some came true

While it is 15 months since this was published, the overview of Covid-19, geopolitics, monetary theory coupled with predictions and portfolio diversification guidelines were useful. Not all predictions have come true as we now have inflation and low employment rates. But perhaps James is just early and this is yet to come.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!