Empire of Debt: The Rise Of An Epic Financial Crisis

Empire of Debt: The Rise Of An Epic Financial Crisis By Bill Bonner and Addison Wiggin

Empire of Debt: The Rise Of An Epic Financial Crisis by Bill Bonner and Addison Wiggin

A piercing look at Uncle Sam, financial hubris, and a world headed down a disastrous financial path

In no-nonsense prose, Empire of Debt confronts head-on critical concerns about the position of the United States as the world's leading economy and its great military might. For many years, the United States has been the country from which others sought advice, money, and a high return on investment. At the same time, Uncle Sam has descended from being the world's largest creditor to its greatest debtor. Why the paradox?

Empire of Debt reunites the team that conceived the international bestseller Financial Reckoning Day, and is the first in-depth look at how Americans abandoned their sound traditions of economic freedom, personal liberty, and fiscal restraint, favoring instead government control of the economy, unfettered deficit spending, gluttonous consumption, and fearless military adventurism, all of which have ravaged the business environment, devastated personal balance sheets, and led the global economy to the brink of its greatest financial crisis ever. Empire of Debt argues there will be a dramatic change in the economic power of the United States in the coming years that will inevitably impact every American. Understanding these trends is critical for a wide range of readers, from lawmakers and corporate leaders to individual investors seeking the safest places to invest their retirement funds. Despite all this, the authors' irreverent style is entertaining as they manage to find humor in an otherwise precarious financial situation.

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Title: Empire of Debt: The Rise Of An Epic Financial Crisis Authors: Bill Bonner, Addison Wiggin Hardcover: 320 pages Publication Date: September 2005 ISBN: 0-471-73902-2 Click Here to Purchase Bill Bonner (Paris, France) is President and CEO of Agora, Inc., one of the world's largest financial newsletter companies. Agora is headquartered in Baltimore and has offices overseas in London, Paris, Ireland, Bonn, Madrid, Sydney, and Johannesburg. Bonner and Wiggin are the authors of the international bestseller, Financial Reckoning Day. Addison Wiggin (Baltimore, MD) is the Editorial Director and Publisher of The Daily Reckoning. The newsletter now has more than 500,000 readers in the United States and Great Britain and is translated daily into French, German, and Spanish. It has received praise from mainstream publications, including Money. Bonner and Wiggin are the authors of the international bestseller Financial Reckoning Day.