Book description
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.
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.
