A New York Times and Wall Street Journal bestseller, Empire of Debt addresses head-on critical concerns about the United States' position as the world's leading economic force and the use of its military might. Written in a no-nonsense prose, Empire of Debt reunites the critically acclaimed author team of William Bonner and Addison Wiggin, authors of the international bestseller, Financial Reckoning Day.Americans are now faced with an alarming paradox--while many nations look to the United States for financial aid and advice, Uncle Sam has descended to the world's greatest debtor. Readers will find the reasons that have led to this disturbing situation delivered clearly and thoroughly in Empire of Debt.
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WILLIAM BONNER is President and CEO of Agora Inc., one of the world's largest financial newsletter companies. Agora is headquartered in Baltimore and has offices overseas in London, Paris, Ireland, Bonn, Madrid, Melbourne, and Johannesburg. Bonner is the creator of the Daily Reckoning, a contrarian financial newsletter sent via e-mail (www.dailyreckoning.com). Mr. Bonner is also the coauthor, with Addison Wiggin, of the international bestseller Financial Reckoning Day and author of Mobs, Messiahs, and Markets (both published by Wiley).
ADDISON WIGGIN is the Editorial Director and Publisher of the Daily Reckoning. He is also the author of the international bestseller The Demise of the Dollar And Why It's Great for Your Investments (now in it's second edition), and coauthor, with William Bonner, of the international bestseller Financial Reckoning Day.
Praise for EMPIRE OF DEBT
In America, we know what we have to do. We have an empire to run. Outlying places to police. People to boss around. Sabres to rattle. And an economy that has to remain Numero Uno. Unfortunately, history shows that running an empire is a disastrously expensive business. You pay in cash. You pay in blood. And you pay with your own soul.
"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 longerbe the same."
Nassim Nicholas Taleb, founder, Empirica Capital, LLC, and 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., 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, and 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
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