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Why the global recession is in danger of becoming another Great Depression, and how we can stop it When the United States stopped backing dollars with gold in 1968, the nature of money changed. All previous constraints on money and credit creation were removed and a new economic paradigm took shape. Economic growth ceased to be driven by capital accumulation and investment as it had been since before the Industrial Revolution. Instead, credit creation and consumption began to drive the economic dynamic. In The New Depression: The Breakdown of the Paper Money Economy, Richard Duncan introduces an analytical framework, The Quantity Theory of Credit, that explains all aspects of the calamity now unfolding: its causes, the rationale for the government's policy response to the crisis, what is likely to happen next, and how those developments will affect asset prices and investment portfolios. In his previous book, The Dollar Crisis (2003), Duncan explained why a severe global economic crisis was inevitable given the flaws in the post-Bretton Woods international monetary system, and now he's back to explain what's next. The economic system that emerged following the abandonment of sound money requires credit growth to survive. Yet the private sector can bear no additional debt and the government's creditworthiness is deteriorating rapidly. Should total credit begin to contract significantly, this New Depression will become a New Great Depression, with disastrous economic and geopolitical consequences. That outcome is not inevitable, and this book describes what must be done to prevent it. Presents a fascinating look inside the financial crisis and how the New Depression is poised to become a New Great Depression Introduces a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead Offers unique insights from the man who predicted the global economic breakdown Alarming but essential reading, The New Depression explains why the global economy is teetering on the brink of falling into a deep and protracted depression, and how we can restore stability.

Starting from fundamentals and moving through a thorough discussion of equipment, methods, and techniques, the Handbook of Laser-Induced Breakdown Spectroscopy provides a unique reference source that will be of value for many years to come for this important new analysis method. The authors, with a total of over 60 years of experience in the LIBS method, use a combination of tutorial discussions ranging from basic principles up to more advanced descriptions along with extensive figures and photographs to clearly explain topics addressed in the text. In this second edition, chapters on the use of statistical analysis and advances in detection of weapons of mass destruction have been added. Tables of data related to analysis with LIBS have been updated. The Handbook of Laser-Induced Breakdown Spectroscopy, Second Edition: provides a thorough but understandable discussion of the basic principles of the method based on atomic emission spectroscopy, including recently available data leading to better characterization of the LIBS plasma; presents a discussion of the many advantages of the method along with limitations, to provide the reader a balanced overview of capabilities of the method; describes LIBS instrumentation ranging from basic set-ups to more advanced configurations; presents a comprehensive discussion of the different types of components (laser, spectrometers, detectors) that can be used for LIBS apparatuses along with suggestions for their use, as well as an up-to-date treatment of the newest advances and capabilities of LIBS instruments; presents the analytical capabilities of the method in terms of detection limits, accuracy, and precision of measurements for a variety of different sample types; discusses methods of sampling different media such as gases, liquids, and solids; presents an overview of some real-world applications of the method, with new emphasis on sampling of biologically and physically dangerous materials; provides an up-to-date list of references to LIBS literature along with the latest detection limits and a unique list of element detection limits using a uniform analysis method; provides annotated examples of LIBS spectra which can serve as references for the general reader and will be especially useful for those starting out in the field.

In this book, the authors bring together basic ideas from fracture mechanics and statistical physics, classical theories, simulation and experimental results to make the statistical physics aspects of fracture more accessible. They explain fracture-like phenomena, highlighting the role of disorder and heterogeneity from a statistical physical viewpoint. The role of defects is discussed in brittle and ductile fracture, ductile to brittle transition, fracture dynamics, failure processes with tension as well as compression: experiments, failure of electrical networks, self-organized critical models of earthquake and their extensions to capture the physics of earthquake dynamics. The text also includes a discussion of dynamical transitions in fracture propagation in theory and experiments, as well as an outline of analytical results in fiber bundle model dynamics With its wide scope, in addition to the statistical physics community, the material here is equally accessible to engineers, earth scientists, mechanical engineers, and material scientists. It also serves as a textbook for graduate students and researchers in physics.

From the million-copy bestselling author, BA Paris‘A psychological page-turner’ – Good HousekeepingIf you can’t trust yourself, who can you trust?It all started that night in the woods.Cass Anderson didn’t stop to help the woman in the car, and now she’s dead.Ever since, silent calls have been plaguing Cass and she’s sure someone is watching her.Consumed by guilt, she’s also starting to forget things. Whether she took her pills, what her house alarm code is – and if the knife in the kitchen really had blood on it.Praise for The Breakdown‘A psychological page-turner’ Good Housekeeping‘Gripping!’ Woman‘You’ll race through to discover what’s happening!’ Prima‘You’ll be unable to rest until you’ve followed the twists and turns to an ending you didn’t forsee.’ Daily Express‘BA Paris has done it again! The Breakdown is a page turning thriller that will leave you questioning the family you love, the friends you trust, and even your own mind.’ -Wendy Walker, author of All is Not Forgotten‘Utterly compelling, brilliant and tense.’ Lisa Hall, author of Between You and Me