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From the New York Times, BusinessWeek, Wall Street Journal, “The Most Feared Book We Rushed 537 Books To the House and Senate Office Buildings…Why? Uncle Sam’s About to Ask You for Another $24,000 - That HE Won’t Pay Back Dear Reader, We couldn’t have said it any better ourselves. On the day that we rushed 537 copies of this book to Washington, USAToday ran a staggering cover story quoting David Walker, the U.S. Comptroller General: “The United States can be likened to Rome before the fall of the empire. Its financial condition is ‘worse than advertised,’ [Walker] says. It has a ‘broken business model’. It faces deficits in its budgets, its balance of payments, its savings - and its leadership.” - USAToday, Nov 15, 2005 Welcome to the empire of debt, folks. “Now maybe someone will finally listen,” says Jim Rogers, author of the bestseller, Adventure Capitalist, about the book we’re rushing to Washington. We’re sending a copy to every Senator and Representative in Congress - all 535 of them. And one more each to the White House and the Federal Reserve. Why? The government’s massive debt - and delusions - are about to change your life forever…and soon. It Could Be The Biggest Financial Crisis Since 1929 Will it make a difference if we send this book? We can only hope so… But at the personal level, this book is a wakeup call - as well as a call to arms for every American. “Although the authors don’t claim to have a crystal ball,” writes Doug Casey, author of the best-selling Crisis Investing, “as far as I’m concerned they offer as clear and likely accurate a view of the future as you’re going to find.” “Trust me when I tell you,” says Richard Daughty of the Mogambo Guru economic newsletter, “this is a book you want to own.” Why? Empire of Debt is a blockbuster book filled with the latest economic research from two internationally famous authors, Bill Bonner and Addison Wiggin. And what it finally uncovers is the whole secret story of how and why America has put itself into the worst financial crisis since 1929. And more importantly, how you can protect yourself and your assets from this crisis. It shows:
At the heart of Empire of Debt, lie “The Ten Delusions of Empire” that every American needs to understand to steer clear of government theft and protect your hard earned assets (especially when Uncle Sam comes calling with his hand out for another $24,000). Miss out on these and your portfolio runs the risk of a massive puncture. “If you value your financial health,” says Doug Casey, chairman of Casey Research, “you’ll read it from cover to cover. Now!” “I strongly advise you not to miss the stunning truths exposed in this remarkable work,” says author Robert Ringer, Author of Action! Nothing Happens Until Something Moves. “I tip my hat to Bonner and Wiggin for continued, insightful reporting about the real underbelly of this economy,” says W. Curtiss Priest, Director of the Center for Information, Information & Technology at MIT. Are You Getting Poorer by the Hour Every hour of every single day, the U.S. racks up another $80 million of debt. The renowned Levy Institute estimates that the U.S. will owe foreigners $8 trillion dollars by 2008 - a breathtaking 60% of our Gross Domestic Product. Just think about it: 6 out of every 10 dollars that you and I earn in America will go to pay off a loan in China, or Japan or South Korea or the rest of Asia. That’s the kind of mortgage nobody can afford, including you, me, the U.S. government, or our kids. A year ago, the annual deficits already hit $7 trillion dollars, according to the U.S. Comptroller. That’s roughly $24,000 the government owes for every American man, woman and child. It’s money that’s coming out of your pocket, and I’m not just talking taxes (which I’ll show you in a moment). And be assured, Uncle Sam has no intention of paying you back. Worse yet, the man in the striped suit and tall hat is already asking for more… But What’s It Mean Beyond the Outrage? It means money out of your pocket. You see, already, the housing market is cracking. Estimates show that it’s about to suck $5 trillion from the net worth of nearly every family in America that owns a home… The dollar’s lost 90% of its value, making a decent retirement out of reach for most Americans…
Forget investment income: the U.S. stock market has been running dry, barely breaking even or losing money since 2001… And now Bernanke’s “pro-inflation” policy is about to make a loaf of bread cost the average Joe a full hour’s wage… Is this all directly related to the debt? You bet. And it’s squeezing you on every side. Get out your calculator…Even by the most conservative figures, you can subtract an “unreasonably low” 10% from the value of your house (estimates are calling for 30%)…Subtract another 10% that the “average” stock market return failed to yield this year because of the debt…Now add the cost of a college tuition for your kid, up 10% to 14% at most schools…And don’t forget the 4% more you’re paying each month for electricity…Or the 35% more you’re paying each time you fill up…And that’s just the beginning… That “additional” $24,000 Uncle Sam’s asking for doesn’t even come close to the cost this robber baron has - and fully expects - to extract from each and every American. That’s why, after reading it Nassim Nicholas Taleb, founder of Emprica Capital said Empire of Debt should be “made mandatory reading in most circles.” Including, on Wall Street and in the nation’s capitol.
After all, saving money is just as important as making it. And right now your assets are being sucked away into the swirling vortex of government-generated debt. Up until now, there’s been little you could do to protect your wealth, your retirements, and your way of life… The One Stop for Total Wealth Protection Yet inside Empire of Debt, you’ll discover the specific steps you can take to protect yourself from the massive debt buildup, and the secret funneling away of your funds. Don’t be caught off guard. Empire of Debt shares the five things you must do now to protect yourself - including buying the one investment you cannot live without. (If it’s not already in your portfolio…you need to get it right away.) The only sure way to protect yourself is to understand the problem and take action. Empire of Debt will help you do both. Ten Answers You Can Finally Get Empire of Debt may well be the most important reading you’ll do in the next five years during this period of unrelenting crises. The country’s financial imperialism has 10 key characteristics - which aren’t about to end anytime soon. Know what they are and you can protect yourself from these corrosive ideas and policies that rob you blind. You see, when countries believe that:
Then the economic woes of the individual fester and burst… “The idea that Americans are the most innovative,” says editor and publisher James Boric, “…smart and democratic society in the world is exactly the sophomoric and arrogant line of thinking that will lead to our downfall - if we don’t mind our P’s and Q’s.” Imperial countries buy houses and then mortgage them out - room by room, until they have almost nothing left. They invade foreign countries in the belief that they are spreading freedom and democracy - and depend on lending from Communist China to pay for it.
But these are just four of the ten delusions outlined in Empire of Debt, a breakthrough work that not only explains why all of this has happened, but it also sets forth…
They’re about to learn how wrong they are…
Don’t get me wrong, as Eric Fry, editor, The Rude Awakening says, “Empire of Debt is not for everyone, only for those us who hope to enjoy continuing prosperity amidst difficult conditions.” “Americans believe they can get rich by spending someone else’s money” say the authors of the book, “They believe that foreign countries actually believe they can run up debt forever, and that their debt-laden houses are as good as money in the bank. That is what makes the study of contemporary economics so entertaining. We sit at our telescopes and laugh like a divorce lawyer looking at photos of a rich man in flagrante delicto; we know there’s money to be made.” Bonner and Wiggin wrote Empire of Debt to warn you of the danger, and give you a clear path to profits. They give you the knowledge you need to protect yourself - and prosper - as the American empire flails upon itself. Love Thy Neighbor - But Not His Debt… Empire of Debt details how the government’s irresponsibility has bled into society. Following the government’s lead, Americans have felt free to spend, spend, spend - putting themselves in deeper and deeper debt. But don’t think you’re immune to the problem… it has a way of creeping right over your neighbor’s fence and into your own backyard. Today the average American household has $8,000 in credit-card debt. And for every $19 Americans’ earn, they spend $20. For the first time in history, in July and September of this year, the savings rate of Americans dipped into negative numbers. Compare that to China’s 25% savings rate, and you can see the looming danger, as China buys up your future with cash to burn. As CNN reported, “The American consumer has become deeply addicted to spending, running up ever higher levels of debt in order to live in a fashion that is beyond his means. And the world has become equally addicted to the consumer continuing to burn through cash.”
“Instead of trade and work,” says Llewellyn H. Rockwell Jr., President, Ludwig von Misses Institute, “…imperialism breeds militarism, inflation, and debt, as Bonner and Wiggin show. Yet there is a golden hope in freedom and honest money.” Even if you’ve been smart, responsible and kept yourself out of debt, you could still be burned by other people’s extravagant spending. Empire of Debt shows you how and why this can happen to your estate. And it details the steps you can take to get out of harm’s way, lest your neighbor trample your capital. Will History Prove Them Right - Again? Bonner and Wiggin have been calling it like it is for some 20 years. As President of Agora, Bonner oversees The Daily Reckoning, a financial commentary with over 500,000 readers worldwide. Wiggin, editorial director and publisher of The Daily Reckoning, is a regular on hundreds of radio and television programs. Their penetrating insights on the economy shot their first book, Financial Reckoning Day, to #1 on the New York Times bestseller list. As Jim Davidson, author of The Sovereign Individual said, “Financial Reckoning Day… is something to be savored and enjoyed - before it’s too late.” Martin Weiss, author of the best-selling Crash Profits called it “a powerful and insightful vision.” In fact, those who read the advice in this book will learn how to sidestep four critical pitfalls destined to undermine many less-savvy Americans. You’ll learn what to do when:
Throughout history, every empire has found a way to pay for its expansion. Yet today, politicians have a different mantra: Instead of “We came, We saw, We conquered,” it’s “We came, We saw, We borrowed.” Washington May Ignore the Warnings We believe it’s imperative for the bigwigs in Washington to read Empire of Debt. Will they read it? Maybe. Will they change? Probably not. History shows that government is much better at creating problems than solving them. But by sending 537 copies to every member of the Senate and the House of Representatives, we’re pursuing our cause to make the facts known and the solutions abundant. Empire of Debt may well be the most important book you, your friends and family are likely to read this year…You’ll discover:
You don’t have to tie your fate to the “new rules” of American imperial finance. With just a few simple steps, you can prepare your portfolio to weather the coming crisis. Empire of Debt will show you everything you need to know. And if you act now, you can get your own copy at a tidy 34% discount for a limited time. As the jacket cover of Empire of Debt suggests: History shows that running an empire is a disastrously expensive business. You pay in cash. You pay in blood. And you pay with your own soul. But you don’t have to. I urge you to order a copy of Empire of Debt right now. It may well be one of the most important steps you can take today to preserve and grow your financial independence in a period of unrelenting crisis. You can get your own copy of Empire of Debt for just $18.45. That’s a full 34% off the cover price.
It’s the best way to prepare yourself, your family and friends, for what could be a prolonged period of financial crisis… one that’s on path to make the 1929 crash look mild by comparison. We believe Empire of Debt, for less than $19, is the most important financial purchase you can make this year, more important than any stocks or index funds you can find. After reading it, I’m sure you’ll agree. Sincerely,
P.S. Empire of Debt shows the one investment right now that’s the ultimate “debt hedge,” that can save you thousands in the coming months. Don’t miss out on this important investing advice most others will regret for missing out on. P.P.S. Will members of Congress read it? Maybe. They might even agree with these readers who say… “Great material and well done. Definitely worth a read for anyone (smart) who cares about the future of the world economy.” -Jack T. (Philadelphia, PA) “Empire of Debt is best described as ironically humorous… a wry pleasure to read. I recommend this book highly.” -P. Delong (San Francisco, CA) “Cheers for Bonner and Wiggin ‘Empire of Debt’ kept me riveted hoping for the happy ending that never came.” -‘The Maniac Trader’ (New York, NY) “A true tour de force and an engaging read. Well worth the money for not only your personal enrichment, but to encourage the authors to write again!!” - M. Kelly (Albuquerque, NM) “If you only read one chapter…turn to page 261 and read the section titled ‘Something Wicked This Way Comes.’ It will be the most eye-opening 11 pages you read all year.” - J. Boric (Indiana) But don’t hold your breath. |
Many Americans have no idea what’s coming. They’ve been blinded by “The 10 Delusions of Empire” that Bonner and Wiggin reveal… it’s those deceptions that the government has promulgated that have created the destructive, imperial attitudes that so many have come to believe. You see, there’s a cadre of “imperial citizens” that can’t imagine this empire of debt will ever end.
“Whether you’re an investor, businessperson, or just someone who is sincerely concerned about the fate of both your money and your country,” says Robert Ringer, “I strongly advise you not to miss the stunning truths exposed in this remarkable work.” 
By mid-2005, nearly 50% of homes were purchased with interest-only mortgages - compared to 5% in 2001. “Empire of Debt is a wake up call for all investors,” says Dow Jones MarketWatch.com columnist Kevin Kerr, “Bonner and Wiggin masterfully illustrate why we should all take a much closer look at what our future holds…”
