Shredding official spin, happy headlines

Economic forecasting author predicts big trouble ahead

WASHINGTON (Nov. 2) — Reports of a third-quarter spurt in the GDP sparked rounds of self-congratulatory backslapping at the White House and Congress and prompted a few economists to pronounce the recession ready for Last Rites.

But a keener eye detects a tale that supports the jarring thesis put forth in The Return of the Great Depression—a new book by economic forecaster Vox Day. Recent reports show:

• Housing sales screeching to halt;
• Businesses smacking into credit blocks;
• Jobless rate tipping toward 10 percent;
• Massive sell-offs stifling Wall Street.
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Published by WND Books, The Return of the Great Depression presents in sobering simplicity a frightening, data-supported economic prognosis that reads like a grim Freakomonics. With the ebook going for $1.99 at Scribd.com, the title is hugely popular and among the few items consumers are racing to buy.

Adept at tracking economic trends with hair-raising accuracy, Day warns against the seduction of false hopes and "good" news—especially when policymakers promise to repeat the mistakes of the past, such as:

• Artificially holding down interest rates—which the Federal Reserve continues to practice;

• Mortgaging phony fixes—like Cash for Clunkers and stimulus spending—with government programs built on debt-borrowing with zero investment incentivizing.

During the Great Depression, few recognized the severity of its symptoms for more than a year, Day points out. And many "experts" jumped to declare it dead too early, pushing policies that only prolonged its impact and strengthened its destructive power.

Neither a financial survival guide nor a beat-the-markets self-help book, The Return of the Great Depression provides some desperately needed economic perspective, providing 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!

About the Author: Vox Day graduated in 1990 from Bucknell University with degrees in Economics and East Asian Studies. The infamous Internet Superintelligence first went viral on WorldNetDaily in 2001 and has been nationally syndicated twice, by Chronicle Features and Universal Press Syndicate. He is a member of the SFWA, Mensa, and IGDA, and was a founder of the techno band Psykosonik. He transmits contagious memes on a daily basis from the Vox Popoli blog. Get a Signed Copy of "The Return of the Great Depression"

Call Toll-Free to Order: If you prefer to place your order by phone, you may call our friendly, Midwestern customer service reps toll-free at 1-800-4WND-COM (1-800-496-3266), Moday-Friday, 9am-5pm Central.

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