The International Financial Crisis, 2007-2014:

Causes, Consequences and Cures

The Golden Guinea by Michael NevinIn 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 never happens again.

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The Golden Guinea will shortly be available as a paperback and as an ebook in the Kindle and epub formats. Links for both ebook and paperback editions will be listed to the right as the editions become available.

Publisher: Southdown Books

Publication Date: 28th June 2012

PB ISBN: 978-0-85730-103-1

Format: Royal (156 X 234mm)

Extent: 288pp

Price: £16.99

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Kindle ISBN: 978-0-85730-105-5   Price: £10.00

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Table of Contents   Glossary of Terms Prologue 1        The Master of the Universe How Volcker conquered inflation Alan Greenspan and The Age of Turbulence Greenspan’s First Challenge: Black Monday, October 1987 Greenspan’s Second Challenge: the 1990s Boom Greenspan’s Third Challenge: Financial Liberalisation post-1999 Greenspan’s Final Challenge: Monetary Policy under George W. Bush 2        The …

Prologue & Chapter One

Prologue   The international credit crisis which began in 2007 did not come out of a clear blue sky, without warning.  As long ago as 1999, British economist Peter Warburton had warned in his book Debt and Delusion that the ultimate consequence of the build-up that was occurring in personal, corporate and government debt would …