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.
Innehållsförteckning
Introduction: The Bubble Empire 1
Part I Imperia Absurdum
1 Dead Men Talking 19
2 Empires of Dirt 35
3 How Empires Work 51
4 As We Go Marching 77
Part II Woodrow Crosses the Rubicon
5 The Road to Hell 89
6 The Revolution of 1913 and the Great Depression 125
7 Mac Namara’s War 143
8 Nixon’s the One 169
Part III Evening in America
9 Reagan’s Legacy 181
10 America’s Glorious Empire of Debt 207
11 Modern Imperial Finance 235
12 Something Wicked This Way Comes 249
Part IV Fin De Bubble
13 Welcome to Squanderville 259
14 Still Turning Japanese 277
15 The Mighty Fallen 285
16 What to Do When the Barbarians Arrive 323
Notes 329
Index 339
Om författaren
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.
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