Overview

An updated look at the United States' precarious position given the recent financial turmoil In The New Empire of Debt, financial writers Bill Bonner and Addison Wiggin return to reveal how the financial crisis that has plagued the United States will soon bring an end to this once great empire. Throughout the book, the authors offer an updated look at the United States' precarious position given the recent financial turmoil, and discuss how government control of the economy and financial system-combined with unfettered deficit spending and gluttonous consumption-has ravaged the business environment, devastated consumer confidence, and pushed the global economy to the brink. Along the way, Bonner and Wiggin cast a wide angle lens that looks back in history and ahead to the coming century: showing how dramatic changes in the economic power of the United States will inevitably impact every American. Reveals the financial realities the United States currently faces and what the ultimate outcome may be Weaves together the worlds of politics, economics, and personal finance in a way that underscores the severity of the situation Addresses the events leading up to the implosion of the U.S. financial system Looks ahead to help you avoid the pitfalls presented by a weaker United States Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and Markets Other titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning Day The United States is heading down a difficult path. The New Empire of Debt clearly shows how this has happened and discusses what you can do to overcome the financial challenges that will arise as the situation deteriorates.

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9780470483268

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Reviews

How deficit spending, gluttonous consumption and military adventurism, they say, will bring America to its knees... - The Economist This is a powerful book. In addition to its depth, it is well written, well documented, and vastly readable. I had the feeling of seeing an X-ray of economic reality with the crust removed. It should be made mandatory reading in most circles. Read it, and your views of the world around you will no longer be the same. - Nassim Nicholas Taleb , author of The Black Swan and Fooled by Randomness Now perhaps someone will finally listen! - Jim Rogers , author of Investment Biker, Adventure Capitalist, and Hot Commodities Instead of trade and work, imperialism breeds militarism, inflation, and debt, as Bonner and Wiggin show. Yet there is a golden hope in freedom and honest money. - Llewellyn H. Rockwell Jr. , President, Ludwig von Mises Institute [Empire of Debt] is a fantastic book. It's thoughtful, erudite, witty, well written, practical ... and spot-on. If you value your financial health, you'll read it from cover to cover. Now! - Doug Casey , Chairman, Casey Research, LLC, and author of Crisis Investing I laughed, I cried, I renewed my passport... Bonner and Wiggin deliver a steady diet of insight and wit that terrifies the reader, even as it amuses. Empire of Debt is not for everyone, only for those of us who hope to enjoy continuing prosperity amidst difficult conditions. - Eric Fry , Editor, The Rude Awakening

How deficit spending, gluttonous consumption and military adventurism, they say, will bring America to its knees... - The Economist This is a powerful book. In addition to its depth, it is well written, well documented, and vastly readable. I had the feeling of seeing an X-ray of economic reality with the crust removed. It should be made mandatory reading in most circles. Read it, and your views of the world around you will no longer be the same. -Nassim Nicholas Taleb, author of The Black Swan and Fooled by Randomness Now perhaps someone will finally listen! -Jim Rogers, author of Investment Biker, Adventure Capitalist, and Hot Commodities Instead of trade and work, imperialism breeds militarism, inflation, and debt, as Bonner and Wiggin show. Yet there is a golden hope in freedom and honest money. -Llewellyn H. Rockwell Jr., President, Ludwig von Mises Institute [Empire of Debt] is a fantastic book. It's thoughtful, erudite, witty, well written, practical ... and spot-on. If you value your financial health, you'll read it from cover to cover. Now! -Doug Casey, Chairman, Casey Research, LLC, and author of Crisis Investing I laughed, I cried, I renewed my passport... Bonner and Wiggin deliver a steady diet of insight and wit that terrifies the reader, even as it amuses. Empire of Debt is not for everyone, only for those of us who hope to enjoy continuing prosperity amidst difficult conditions. -Eric Fry, Editor, The Rude Awakening

"""How deficit spending, gluttonous consumption and military adventurism, they say, will bring America to its knees…"" — The Economist ""This is a powerful book. In addition to its depth, it is well written, well documented, and vastly readable. I had the feeling of seeing an X-ray of economic reality with the crust removed. It should be made mandatory reading in most circles. Read it, and your views of the world around you will no longer be the same."" —Nassim Nicholas Taleb, author of The Black Swan and Fooled by Randomness ""Now perhaps someone will finally listen!"" —Jim Rogers, author of Investment Biker, Adventure Capitalist, and Hot Commodities ""Instead of trade and work, imperialism breeds militarism, inflation, and debt, as Bonner and Wiggin show. Yet there is a golden hope in freedom and honest money."" —Llewellyn H. Rockwell Jr., President, Ludwig von Mises Institute ""[Empire of Debt] is a fantastic book. It's thoughtful, erudite, witty, well written, practical . . . and spot-on. If you value your financial health, you'll read it from cover to cover. Now!"" —Doug Casey, Chairman, Casey Research, LLC, and author of Crisis Investing ""I laughed, I cried, I renewed my passport. . . . Bonner and Wiggin deliver a steady diet of insight and wit that terrifies the reader, even as it amuses. Empire of Debt is not for everyone, only for those of us who hope to enjoy continuing prosperity amidst difficult conditions."" —Eric Fry, Editor, The Rude Awakening"

Author Information

WILLIAM BONNER is President and CEO of Agora Inc., one of the world’s largest financial newsletter companies (www.agorafinancial.com). He is the creator of the Daily Reckoning (www.dailyreckoning.com), a financial newsletter with more than 500,000 readers in the United States, Great Britain, and Australia, and is translated daily into French and German. Mr. Bonner is also the coauthor, with Addison Wiggin, of the international bestsellers Financial Reckoning Day and Empire of Debt. ADDISON WIGGIN is the Executive Publisher of Agora Financial. He is also the Executive Producer and a writer of the feature-length documentary film I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. Mr. Wiggin is the coauthor, with Mr. Bonner, of the international bestsellers Financial Reckoning Day and Empire of Debt, and author of The Demise of the Dollar … And Why It’s Even Better for Your Investments.

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