Empire of Debt: The Rise of an Epic Financial Crisis

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Wiley, Apr 20, 2006 - Business & Economics - 320 pages
24 Reviews
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. Order your copy today.

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Review: Empire of Debt: The Rise of An Epic Financial Crisis

User Review  - Void lon iXaarii - Goodreads

One of the best books I've enjoyed in the last years. It's delightful mix of current facts, rich world history and all taken with a heavy dose of brilliant black humor and a mastery of language. I ... Read full review

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

User Review  - Athan Tolis - Goodreads

Two confessions first: 1. I've owned the old book since 2006, I looked at it briefly and there was no way I was paying good money to get an extra 50 pages, so the review is actually based on The ... Read full review

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About the author (2006)

WILLIAM BONNER is President and CEO of Agora Inc., one ofthe world's largest financial newsletter companies. Agora isheadquartered in Baltimore and has offices overseas in London,Paris, Ireland, Bonn, Madrid, Melbourne, and Johannesburg. Bonneris the creator of the Daily Reckoning, a contrarianfinancial newsletter sent via e-mail (www.dailyreckoning.com). Mr.Bonner is also the coauthor, with Addison Wiggin, of theinternational bestseller Financial Reckoning Day and authorof Mobs, Messiahs, and Markets (both published by Wiley).

ADDISON WIGGIN is the Editorial Director and Publisher ofthe Daily Reckoning. He is also the author of theinternational bestseller The Demise of the Dollar And Why It'sGreat for Your Investments (now in it's second edition), andcoauthor, with William Bonner, of the international bestsellerFinancial Reckoning Day.

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