GREAT DEPRESSION 2.0 ON THE WAY

Is the Great Depression 2.0 on the way and could it last until 2032?

The Return of the Great Depression explains why the author, Vox Day, believes that the economic downturn happening in the United States will get worse before it gets better.

Seven years ago, Day predicted the collapse of the housing market and the destruction of the financial services industry. Now, in Return of the Great Depression, he offers detailed analysis of the economic and monetary policies of the last several years to show why ideologues on both the left and the right didn't foresee what was coming.

Return of the Great Depression provides vital insights, including a prediction that it could be 2032 before the economy fully recovers. He bases this on:

*The ominous similarities between the American economy of today and the Japanese economy of 20 years ago.

*How Obama's stimulus plans are likely to be just as ineffective as those of President Herbert Hoover.

*How both Milton Friedman and John Maynard Keyes got economics wrong.

Vox Day maintains that policies being pursued in Europe, Asia and the United States are doomed to failure. He writes that these policies are flawed and account for why most economists were unable to anticipate the recession or see that their expectations of an imminent recovery are incorrect. Therefore, he predicts that the world is in the early stages of a massive economic contraction.

The conclusion is that the most probable scenario is a Great Depression 2.0 is on the way and that it will be larger in scale and scope than that of the 1930's.

About the author

Vox Day graduated from Bucknell University with degrees in Economics and Asian Studies in 1990. He is a member of the Science Fiction and Fantasy Writers Association, the International Game Developers Association and Mensa.

Day, Vox. The Return of the Great Depression. WND Books, 2009

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