An updated look at the United States' precarious position given the recent financial turmoil In The New Empire of Debt, financial writers Bill Bonner and Addison Wiggin return to reveal how the financial crisis that has plagued the United States will soon bring an end to this once great empire. Throughout the book, the authors offer an updated look at the United States' precarious position given the recent financial turmoil, 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 cast a wide angle lens that looks back in history and ahead to the coming century: showing how dramatic changes in the economic power of the United States will inevitably impact every American. Reveals the financial realities the United States currently faces and what the ultimate outcome may be Weaves together the worlds of politics, economics, and personal finance in a way that underscores the severity of the situation Addresses the events leading up to the implosion of the U.S. financial system Looks ahead to help you avoid the pitfalls presented by a weaker United States Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and Markets Other titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning Day The United States is heading down a difficult path. The New Empire of Debt clearly shows how this has happened and discusses what you can do to overcome the financial challenges that will arise as the situation deteriorates.

An updated look at the United States' precarious position giventhe recent financial turmoilIn The New Empire of Debt, financial writers Bill Bonnerand Addison Wiggin return to reveal how the financial crisis thathas plagued the United States will soon bring an end to this oncegreat empire.Throughout the book, the authors offer an updated look at theUnited States' precarious position given the recent financialturmoil, and discuss how government control of the economy andfinancial system-combined with unfettered deficit spending andgluttonous consumption-has ravaged the business environmentdevastated consumer confidence, and pushed the global economy tothe brink. Along the way, Bonner and Wiggin cast a wide angle lensthat looks back in history and ahead to the coming century: showinghow dramatic changes in the economic power of the United Stateswill inevitably impact every American.* Reveals the financial realities the United States currentlyfaces and what the ultimate outcome may be* Weaves together the worlds of politics, economics, and personalfinance in a way that underscores the severity of thesituation* Addresses the events leading up to the implosion of the U.S.financial system* Looks ahead to help you avoid the pitfalls presented by aweaker United States* Other titles by Bonner: Empire of Debt, Financial ReckoningDay, and Mobs, Messiahs, and Markets* Other titles by Wiggin: I.O.U.S.A., Demise of theDollar, and Financial Reckoning DayThe United States is heading down a difficult path. The NewEmpire of Debt clearly shows how this has happened anddiscusses what you can do to overcome the financial challenges thatwill arise as the situation deteriorates.

Introduction: The Bubble Empire 1Part I Imperia Absurdum1 Dead Men Talking 192 Empires of Dirt 353 How Empires Work 514 As We Go Marching 77Part II Woodrow Crosses the Rubicon5 The Road to Hell 896 The Revolution of 1913 and the Great Depression 1257 MacNamara's War 1438 Nixon's the One 169Part III Evening in America9 Reagan's Legacy 18110 America's Glorious Empire of Debt 20711 Modern Imperial Finance 23512 Something Wicked This Way Comes 249Part IV Fin De Bubble13 Welcome to Squanderville 25914 Still Turning Japanese 27715 The Mighty Fallen 28516 What to Do When the Barbarians Arrive 323Notes 329Index 339