WND Books
Hardcover 6×9, 280 pages
Publication Date: October 29, 2009
ISBN-13: 9781935071181
Retail Price $25.95

In a new book to be published on the 80th anniversary of Black Tuesday, the infamous stock market crash that shook the world on October 29, 1929, author Vox Day sounds the alarm: “The Great Depression is back.”

“It is not over. It has only begun.” That is Vox Day’s shocking warning to readers in the Introduction to The Return of the Great Depression. He predicts that the economic downturn we are experiencing will get worse before it gets better. Much worse. What makes his warning so believable is that seven years ago he predicted the collapse of the housing market and the destruction of the financial services industry, then in 2008 correctly forecast a $43,000 decline in U.S. housing prices to within four hundred dollars!

Day believes that we are only now entering the early stages of the Second Great Depression. He offers a detailed analysis of the economic and monetary policies of the last forty years to show why ideologues on both the left and the right were incapable of foreseeing this economic calamity.

The Return of the Great Depression is one of the most important examinations of the causes of the financial collapse of 2008.  In connecting those causes to the incoherent theories of mainstream economists, it offers a powerful indictment of a system that failed to learn the correct lessons from the disaster.  The book provides vital new insights, including:

• The possibility that it could be 2032 before the economy fully recovers;
• The ominous similarities between the American economy of today and the Japanese economy of 20 years ago;
• How Obama’s stimulus plan was actually smaller than Hoover’s—and is likely to be just as ineffective;
• Why the economic theories of both Milton Friedman and John Maynard Keynes are incorrect.

The Return of the Great Depression gives the reader much to contemplate…and great cause for concern, too.