The New Empire of Debt : The Rise and Fall of an Epic Financial Bubble

( 3 )

Overview

"The Golden Age of American capitalism is over. . . . In thespace of half a century it passed from gold, to silver, to paper,and is now somewhere between plastic and navel lint."

—From The New Empire of Debt

In the last half of 2008, the Empire of Debt received the margincall from Hell. Now, all of its citizens are asked to pay up as theU.S. economy stumbles down a dangerous path of financial turmoil.What exactly went wrong?

When things are ...

See more details below
Hardcover
$21.49
BN.com price
(Save 23%)$27.95 List Price

Pick Up In Store

Reserve and pick up in 60 minutes at your local store

Other sellers (Hardcover)
  • All (29) from $1.99   
  • New (11) from $2.24   
  • Used (18) from $1.99   

Overview

"The Golden Age of American capitalism is over. . . . In thespace of half a century it passed from gold, to silver, to paper,and is now somewhere between plastic and navel lint."

—From The New Empire of Debt

In the last half of 2008, the Empire of Debt received the margincall from Hell. Now, all of its citizens are asked to pay up as theU.S. economy stumbles down a dangerous path of financial turmoil.What exactly went wrong?

When things are good, people tend to believe the most outrageousthings—that the financial sector could get rich by lendingmoney to people who couldn't pay it back, and that a whole economycould flourish by luring consumers to spend more than they couldafford. These hallucinations created an immense worldwide bubble ofdebt and dollars. And now—with the U.S. government inflatingthe biggest bubble in public debt the world has ever seen—afinancial whirlpool has formed and threatens to drag the entirecountry down the drain.

In The New Empire of Debt, the internationally acclaimedauthor team of William Bonner and Addison Wiggin return to revealhow the epic financial bubble that is plaguing the United Stateswill soon bring an end to this once-great empire. Throughout thebook, they offer a frightening look atthe United States' precariousposition and discuss how government control of the economy andfinancial system—combined with unfettered deficit spending andgluttonous consumption—has ravaged the business environment,devastated consumer confidence, and pushed the global economy tothe brink.

Along the way, Bonner and Wiggin warn of the dangers that lieahead and offer practical advice to protect your financialwell-being as the American empire collapses upon itself. You'lldiscover that you don't have to tie your own fate to the inevitabledestruction of America's system of imperial finance. Instead, youcan take some simple steps to weather the crisis.

Bonner and Wiggin have been studying the financial landscape formore than twenty years. With The New Empire of Debt, theynot only show you how we got into this mess, but how to getyourself out of it.

Read More Show Less

Editorial Reviews

From the Publisher
"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

Read More Show Less

Product Details

  • ISBN-13: 9780470483268
  • Publisher: Wiley
  • Publication date: 8/3/2009
  • Series: Agora Series , #37
  • Edition number: 2
  • Pages: 368
  • Sales rank: 230,479
  • Product dimensions: 6.10 (w) x 9.10 (h) x 1.30 (d)

Meet the Author

William Bonner is President and CEO of Agora Inc., one ofthe world's largest financial newsletter companies(www.agorafinancial.com). He is the creator of the DailyReckoning (www.dailyreckoning.com), a financial newsletter withmore than 500,000 readers in the United States, Great Britain, andAustralia, and is translated daily into French and German. Mr.Bonner is also the coauthor, with Addison Wiggin, of theinternational bestsellers Financial Reckoning Day andEmpire of Debt.

Addison Wiggin is the Executive Publisher of AgoraFinancial. He is also the Executive Producer and a writer of thefeature-length documentary film I.O.U.S.A., which wasnominated for the Grand Jury Prize at the 2008 Sundance FilmFestival. Mr. Wiggin is the coauthor, with Mr. Bonner, of theinternational bestsellers Financial Reckoning Day andEmpire of Debt, and author of The Demise of the Dollar .. . And Why It's Even Better for Your Investments.

Read More Show Less

Table of Contents

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.

Read More Show Less

Customer Reviews

Average Rating 3.5
( 3 )
Rating Distribution

5 Star

(1)

4 Star

(1)

3 Star

(0)

2 Star

(0)

1 Star

(1)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing 1 – 4 of 3 Customer Reviews
  • Anonymous

    Posted June 26, 2013

    Sucks

    See preivous

    0 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted April 4, 2011

    No text was provided for this review.

  • Anonymous

    Posted January 12, 2010

    No text was provided for this review.

  • Anonymous

    Posted April 3, 2012

    No text was provided for this review.

Sort by: Showing 1 – 4 of 3 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)