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THE LAST RECKONING: Why the Old Financial World Is Collapsing And What Comes Next: 22 (Economics) - Couverture souple

Livre 22 sur 23: Economics

GEISSLER, ROBERT

 
9798170712878: THE LAST RECKONING: Why the Old Financial World Is Collapsing And What Comes Next: 22 (Economics)

Synopsis

For fifty years, the world has run on a promise: that debt could always be refinanced, that the dollar's dominance was permanent, and that tomorrow's growth would cover today's borrowing. That promise is now coming due.

The Last Reckoning traces the collapse of the post-1971 financial order from its origins — the closing of the gold window — through the debt supercycle, the entitlement math no Congress has been willing to face, and the quiet return of financial repression. It follows the money further still: to the bond market's rising term premium, the banking fragility exposed in 2023, the global retreat from the dollar, the weaponization of sanctions, and the rise of central bank digital currencies as tools of both convenience and control.

Drawing on Austrian and Chicago School economic analysis and decades of publicly available government and central bank data, author Robert F. Geissler makes the case that today's strain is not another cycle to be managed — it is a regime change, and the old rules no longer apply. The book closes with a clear-eyed look at how the transition may unfold, what history's monetary resets teach about hard assets and sound money, and what a genuinely durable financial system would require going forward.

Not a prediction of collapse on a calendar. A framework for understanding why the old order cannot hold — and how to think clearly about what comes next.

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