Blog: Spirit of Money, Financial Fluidity
by munificent

Empire of Debt

I think the gloom and doom never plays out to the extent these are predicting. But according to my readings we are the only country in history that has not paid the what are the odds? Don't ask me I would've predicted this ages ago!(Probably time to buy!) Oh and I do not have an affiliation with Agora- they are an affiliate of the A-letter-Bob bauman.

Date:   11/8/2005 7:43:13 PM   ( 16 y ) ... viewed 1002 times

Empire of Debt: 10 Great Delusions
That Will Erode Your Wealth

Baltimore, MD - "Watching the news is a bit like watching a bad opera,” "Watching the news is a bit like watching a bad opera,” so
say bestselling authors Bill Bonner and Addison Wiggin. “You can tell from all the shrieking that something very important is supposed to be happening, but you don't quite know what it is. What you're missing is the plot."
The highly anticipated Empire of Debt: The Rise of an Epic Financial Crisis (Wiley), Bonner and Wiggin’s follow-up to their international bestseller, Financial Reckoning Day, comes at a critical time for the nation's economy; a time when Americans are searching for the answers to pervasive questions of the day:

Why is it so difficult to make money in the sluggish stock market?
Why is public debt skyrocketing?
Why do we keep involving ourselves in expensive wars overseas?
Why is the real estate market so dangerously overvalued?
After a generation of being spoon-fed reality by tabloid-driven media, it's understandable that Americans are woefully misinformed about the state of their nation. And that's where Bonner and Wiggin prove their worth, wielding their sardonic brand of humor to expose the nation for what it really is - an empire built on delusions.

Using the wide scope of history as a guide, Empire of Debt unmasks the Ten Great Delusions that are destined to bring about the end of America's economic dominance:

That one generation can consume - and stick the next with the bill.
That house prices will forever go up.
That the virtues that made America rich and powerful are no longer required to keep it rich and powerful.
Empire of Debt does not spare the icons of either political party as it provides readers with the first in-depth look at how the American character has shifted to accommodate its new imperial role. Americans, assert Bonner and Wiggin, have abandoned the private virtues of personal liberty, economic freedom, and fiscal restraint. Meanwhile, the “guv’mint” has gained control of public life and the economy.

The authors suggest a "great empire" is to the world of geopolitics what a great bubble is to the world of economics - attractive at first but will eventually end in catastrophe. Americans are rapidly facing a choice: recognize these dangerous delusions and take steps to avoid their collapse... or remain ignorant of them and risk losing all of their wealth when the house of cards comes crashing down.

Empire of Debt offers an essential guide for steering readers’ through the rough head winds allied against individual investors in the decade ahead.

Purchase Empire of Debt by Bill Bonner and Addison Wiggin today!

Title: Empire of Debt: The Rise Of An Epic Financial Crisis
Authors: Bill Bonner, Addison Wiggin
Hardcover: 320 pages
Publication Date: November 2005
ISBN: 0-471-73902-2
Click Here to Purchase

Also available:
The Demise Of The Dollar... And Why It's Great For Your Investments
by Addison Wiggin
...examines the reasons for the dollar’s current slide–including the nation’s historic trade deficit, the Euro, government spending habits, globalization, and other international factors–and offers an entertaining look at the Federal Reserve’s attempts to "manage" the dollar’s value.

Financial Reckoning Day: Surviving The Soft Depression of The 21st Century
by Bill Bonner and Addison Wiggin
...artificially low interest rates and rapid credit creation policies set by Alan Greenspan and the Federal Reserve caused the bubble in U.S. stocks of the late '90s. . . . Now, policies being pursued at the Fed are making the bubble worse. They are changing it from a stock market bubble to a consumption and housing bubble. And when those bubbles burst, it's going to be worse than the stock market bubble.

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