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.
A Crumbling Financial Empire? Authors William Bonner and Addison Wiggin, a couple of economic iconoclasts, have compiled a chilling perspective of a crumbling American financial empire; whose irrational economic policy over the years has created huge buget deficits that defy logic; sooner or later, the bubble is going to burst, and this country is in for an economic disaster of epic proportions.It’s not going to be a pretty picture.The problem began in the post-Reagan years, when any sort of prudent…
Awesome market calls, great prose, suspect argumentation Two confessions first:1. I’ve owned the old book since 2006, I looked at it briefly and there was no way I was paying good money to get an extra 50 pages, so the review is actually based on The Empire of Debt. Regardless, I’m rather confident my insights are relevant, for reasons that will hopefully become apparent.2. I totally loved reading it. I could not put it down. I even went back to re-read some passages, often going on to re-read entire pages or chapters…
THE NEW EMPIRE OF DEBT I HAVE FOLLOWED THE AUTHORS FOR SEVERAL YEARS READING THEIR WEBSITE DAILY. SUBSEQUENTLY, I HAVE READ ALL THEIR BOOKS.AS AN INVESTOR, I APPRECIATED THEIR EARLY WARNINGS REGARDING THE HOUSING/DEBT CRISIS. THEY HAVE HELPED ME FORMULTATE MY MACROECONOMIC POSITION.I WISH THIS BOOK WAS REQUIRED READING FOR ALL AMERICANS. OUR IGNORANCE OF ECONOMIC HISTORY AND THE CONSEQUENCES OF OUR MISGUDED POLICIES IS A SUBJECT TOO FEW AMERICANS ARE WILLING TO UNDERSTAND, ESPECIALLY OUR…