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 beWeaves together the worlds of politics, economics, and personal finance in a way that underscores the severity of the situationAddresses the events leading up to the implosion of the U.S. financial systemLooks ahead to help you avoid the pitfalls presented by a weaker United StatesOther titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and MarketsOther 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.
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.
Introduction: The Bubble Empire. Part I. Imperia Absurdum. 1. Dead Men Talking. 2. Empires of Dirt. 3. How Empires Work. 4. As We Go Marching. Part II. Woodrow Crosses the Rubicon. 5. The Road to Hell. 6. The Revolution of 1913 and the Great Depression. 7. MacNamara s War. 8. Nixon s the One. Part III. Evening in America. 9. Reagan s Legacy. 10. America s Glorious Empire of Debt. 11. Modern Imperial Finance. 12. Something Wicked This Way Comes. Part IV. Fin De Bubble. 13. Welcome to Squanderville. 14. Still Turning Japanese. 15. The Mighty Fallen. 16. What to Do When the Barbarians Arrive. Notes. Index.