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In a fitting present-day economic symptom, the public isn't buying it—the "expert" line that the current fiscal crisis is poised to recover. But they are buying Vox Day's latest book, "The Return of the Great Depression," propelling it up Amazon's Movers & Shakers list in just 24 hours' time.

Drawing striking comparisons between the Japanese economy in 1988 and the American economy today, WND columnist Vox Day warns it's going to get much worse before it gets better.

Day presents a fact-rich case, rooted in economic history and time-tested theory, in which he concludes that an economic contraction of very large proportions is developing.

But he contends that "due to a reactive wave of positive social mood, statistical obfuscation and understandable denial, it will take about a year for the consensus opinion to cycle through the various scenarios in descending order of optimism before the grim reality finally becomes apparent to even the casual observer."

Though the message is stark, Day believes the book is a much-needed antidote to the self-interested optimism of the financial media.

Published on the 80th anniversary of the 1929 stock market crash, "The Return of the Great Depression" offers a detailed analysis of recent economic and monetary policies to show why pundits on both the left and the right didn't foresee the current calamity.

Day's credibility is bolstered by his prediction seven years ago of the collapse of the housing market and the destruction of the financial services industry, in addition to some remarkably precise market forcasts.

In a Sept. 23, 2002, WND column, he wrote:

There can be little doubt that the implosion of the equity markets will soon be followed by the pricking of the credit and real estate bubbles. As great financial houses such as Citigroup and JP Morgan Chase teeter on the edge of bankruptcy, it is well within the realm of possibility that the triple whammy of the equity, credit and real estate implosions will lead to the collapse of the entire global financial system.

Day told WND he "wrote the book in order to give people a means of understanding what created the present economic situation and why there is a severe dislocation between what they are experiencing in the daily lives and what the government and the financial media are telling them."

"The Return of the Great Depression" examines the financial disaster of 2008 and 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 crushing Japanese economic crash of 20 years ago;
• How Obama's stimulus plan was actually smaller than Hoover's-and likely to be just as ineffective.

"The Return of the Great Depression" issues a somber warning: the widespread expectations of an imminent recovery are based on false hopes and bad economic theory.

"You don't have to be an economist, trader or sophisticated investor to appreciate the profound wisdom and insight in this book," said Joseph Farah, co-founder and CEO of WND Books. "It's presented in such a straightforward, easy-to-comprehend fashion that almost anyone can read it and everyone should. That's why right now we're selling the ebook for only $1.99."

NEW! THREE ways to buy:

While limited supplies last, all copies of "The Return of the Great Depression" sold at the WND Superstore will be autographed by Vox Day—at no extra cost!

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