Inhaltsangabe"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 threatens 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. Throughout the book, 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. Along the way, Bonner and Wiggin 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. With The New Empire of Debt, they not only show you how we got into this mess, but how to get yourself out of it.

Hersteller:
Wiley-VCH GmbH
amartine@wiley-vch.de
Boschstr. 12
DE 69469 Weinheim

William Bonner is President and CEO of Agora Inc., one of the world's largest financial newsletter companies (www.agorafinancial.com). He is the creator of the Daily Reckoning (www.dailyreckoning.com), a financial newsletter with more than 500,000 readers in the United States, Great Britain, and Australia, and is translated daily into French and German. Mr. Bonner is also the coauthor, with Addison Wiggin, of the international bestsellers Financial Reckoning Day and Empire of Debt. Addison Wiggin is the Executive Publisher of Agora Financial. He is also the Executive Producer and a writer of the feature-length documentary film I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. Mr. Wiggin is the coauthor, with Mr. Bonner, of the international bestsellers Financial Reckoning Day and Empire of Debt, and author of The Demise of the Dollar. And Why It's Even Better for Your Investments.

Leseprobe

Introduction: The Bubble Empire. Part I. Imperia Absurdum. 1. Dead Men Talking. 2. Empires of Dirt. 3. How Empires Work. 4. As We Go Marching. Part II. Woodrow Crosses the Rubicon. 5. The Road to Hell. 6. The Revolution of 1913 and the Great Depression. 7. MacNamara''s War. 8. Nixon''s the One. Part III. Evening in America. 9. Reagan''s Legacy. 10. America''s Glorious Empire of Debt. 11. Modern Imperial Finance. 12. Something Wicked This Way Comes. Part IV. Fin De Bubble. 13. Welcome to Squanderville. 14. Still Turning Japanese. 15. The Mighty Fallen. 16. What to Do When the Barbarians Arrive. Notes. Index.