The New Empire of Debt, William Bonner
The New Empire of Debt, William Bonner
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The New Empire of Debt
The Rise and Fall of an Epic Financial Bubble

Author: William Bonner, Addison Wiggin

Narrator: Sean Pratt

Unabridged: 15 hr 34 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 11/09/2009


Synopsis

“The Golden Age of American capitalism is over. …In the space of half a century it passed from gold, to silver, to paper, and is now somewhere between plastic and navel lint.”- From The New Empire of Debt
In the last half of 2008, the Empire of Debt received the margin call from Hell. Now, all of its citizens are asked to pay up as the U.S. economy stumbles down a dangerous path of financial turmoil. What exactly went wrong?
When things are good, people tend to believe the most outrageous things—that the financial sector could get rich by lending money to people who couldn’t pay it back, and that a whole economy could flourish by luring consumers to spend more than they could afford. These hallucinations created an immense worldwide bubble of debt and dollars. And now—with the U.S. government inflating the biggest bubble in public debt the world has ever seen—a financial whirlpool has formed and threatened to drag the entire country down the drain.
In The New Empire of Debt, the internationally acclaimed author team of William Bonner and Addison Wiggin return to reveal how the epic financial bubble that is plaguing the United States will soon bring an end to this once great empire. They offer a frightening look at the United States' precarious position and discuss how government control of the economy and financial system-combined with unfettered deficit spending and gluttonous consumption-has ravaged the business environment, devastated consumer confidence, and pushed the global economy to the brink. They warn of the dangers that lie ahead and offer practical advice to protect your financial well-being as the American empire collapses upon itself. You’ll discover that you don’t have to tie your own fate to the inevitable destruction of America’s system of imperial finance. Instead you can take some simple steps to weather the crisis.
Bonner and Wiggin have been studying the financial landscape for more than twenty years. Now, they not only show you how we got into this mess, but how to get yourself out of it.

About William Bonner

William Bonner is the bestselling author or coauthor of Financial Reckoning Day, Empire of Debt, Mobs, Messiahs, and Markets, Hormegeddon, Dice Have No Memory, and The Idea of America. He is the founder of the worldwide research network, The Agora, and an avid stone mason.


Reviews

Goodreads review by Roope on April 07, 2020

En ihan hirveästi välittänyt kirjoitustyylistä ja rakenne olisi voinut olla loogisempi, mutta itse asiapuoli oli kiinnostavaa ja opin paljon. Yksi kirjan pääsanomista oli, että dollari on laskussa oleva valuutta ja kulta on turvallinen sijoituskohde. Tämä kirjan versio on vuodelta 2009, joten katsoi......more

Goodreads review by Athan on November 11, 2016

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 Empire of Debt. Regardless, I'm rather sure my review is relevant, for reasons that will hopefully be appa......more

Goodreads review by Riley on December 14, 2016

"This is a toughy. The good: They really nail the economic problems facing the U.S. The list they provide on pg. 290 is pretty much everything we need to know about why the United States (and, to a lesser extent, the West) can't keep going as it has been. When they focus on matters of government accou......more

Goodreads review by Richard on January 09, 2025

The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble makes a strong case that the debt America has accumulated at both the federal and personal levels could lead to the downfall of the American Empire. The book explains how the U.S. constantly needs to borrow money to fund its growi......more

Goodreads review by Giedrius on November 15, 2022

Gera knyga. Buvau ją vartęs prieš 10-t, bet nesukėlė tokio rezonanso kaip šį kartą perklausius AubioBook.. US nuo prezidento Wilson laikų iš Respublikos virto imperija, turinčia visus aksčiau buvusių imperijų bruožus tačiau itin keista.. kritinio posūkio metai - 1913......more