Financial Reckoning Day Fallout: Surviving Today's Global Depression

Financial Reckoning Day Fallout: Surviving Today's Global Depression

by Addison Wiggin, Will Bonner
     
 

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When the original edition of Financial Reckoning Day was published early in this decade, many felt that maverick financial writers William Bonner and Addison Wiggin were overly critical of the United States' increasing debt and unfair in their foreshadowing of economic catastrophe.

Fast-forward to 2009, and much of what the authors predicted has come true

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Overview

When the original edition of Financial Reckoning Day was published early in this decade, many felt that maverick financial writers William Bonner and Addison Wiggin were overly critical of the United States' increasing debt and unfair in their foreshadowing of economic catastrophe.

Fast-forward to 2009, and much of what the authors predicted has come true—high unemployment rates, record-setting foreclosures and bankruptcies, as well as the near global collapse of financial institutions once thought to be so secure.

With Financial Reckoning Day Fallout, Bonner and Wiggin return to reveal even more down-to-earth wisdom and help you chart your own financial destiny in today's precarious investing climate. Expanding upon the ideas they put forth before the current global downturn unfolded, the authors discuss what's behind it all, what's in store, and what you can do to safeguard your investments.

Written in conjunction with the tenth anniversary of the authors' popular financial newsletter—The Daily Reckoning (www.dailyreckoning.com)—this fully updated guide effectively explains that the hazards of democratic consumer capitalism and the financial follies of history are not a thing of the past, but an ongoing issue with no end in sight. Along the way, it also explores what's really going on beneath the surface and outlines the steps you need to take to survive the growing global depression. Topics touched upon throughout these pages include:

  • How the current economic downturn relates to worldwide events from a historical perspective

  • Why high-spending, high-borrowing consumerism "leveraged" the U.S. economy and what you might expect from the global depression ahead

  • What the legacy of Fed chief Alan Greenspan "ought" to be

  • Why Japan's "miracle economy" unexpectedly collapsed and what this example means for us now

Honest and accurate, Financial Reckoning Day Fallout offers you the best chance to protect your assets and grow your portfolio in these difficult financial times.

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Editorial Reviews

This is the second edition of Financial Reckoning Day Fallout, but you probably don't remember the first. When it was published in 2003, investors weren't eager to hear prognostications about vicious cycles of credit and the coming puncture of speculative bubbles. This edition elucidates what happens next and how you can best survive in this ongoing crisis.

Product Details

ISBN-13:
9780470483275
Publisher:
Wiley
Publication date:
08/03/2009
Series:
Agora Series, #38
Edition description:
Anniversar
Pages:
464
Product dimensions:
6.10(w) x 9.10(h) x 1.70(d)

Meet the Author

WILLIAM BONNER is President and CEO of Agora Financial, 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, German, and Spanish. Mr. Bonner is also the author, with Addison Wiggin, of the international bestsellers Financial Reckoning Day (first edition) and Empire of Debt and coauthor of the bestselling Mobs, Messiahs, and Markets with political writer Lila Rajiva.

ADDISON WIGGIN is the Executive Publisher of Agora Financial (www.agorafinancial.com). He is 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 and nominated for a 2009 Critics Choice Award. Mr. Wiggin is also the author, with William Bonner, of the international bestsellers Financial Reckoning Day (first edition) and Empire of Debt, and author of the bestselling The Demise of the Dollar . . . And Why It's Even Better for Your Investments.

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