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Bill Bonner & Addison Wiggin

About the Book
EMPIRE OF DEBT:
The Rise of an Epic Financial Crisis

by Bill Bonner and Addison Wiggin
Published by John Wiley & Sons, Inc.
ISBN 0-471-73902-2, hardcover, $27.95
Available through this site or directly from the publisher:
http://www.wiley.com

 

"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, Founder, Empirica Capital, LLC
Author, Fooled by Randomness

 

"Now perhaps someone will finally listen!"
-- Jim Rogers, author, 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
author, 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

In no-nonsense prose, Empire of Debt confronts critical concerns about the position of the United States as the world's leading economy and 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?

The team that conceived the international bestseller Financial Reckoning Day offers the first in-depth look at how Americans abandoned 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 financial crisis. The authors argue 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 this is critical for everyone, from lawmakers and corporate leaders to investors seeking safe places to invest retirement funds. Despite the serious topic, the authors' irreverent style entertains as they find humor in a precarious financial situation.

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