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20th out of 45 books
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The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble
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
...moreHardcover, 356 pages
Published
August 3rd 2009
by John Wiley & Sons
(first published 2009)
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The New Empire of Debt. Gives fascinating numbers on household debt, the American debt, and its future commitments. Social security payments will grow, and there is a need to plan for a way to manage future spending. This book was wrote primarily for the U.S.A, but other countries need to read it in order to manage their affairs more responsibly as well. This book could get a 5 out of 5, but sometimes the sarcasm is a little too haughty. Very good book though, for those who like politics an...more
One day the US will inevitably go bankrupt. Unsustainable budget deficit, with ballooning total national debt, and endless printing of money, in an effort to try reviving an economy destined to go bust. It predicts that the next economic bubble that will crash, is the US government debt. The past history of the Roman Empire tells us something, about how things are going to be slowly unfolding. This is gonna be even bigger than 2008 subprime-mortgage financial crisis. Hmm very interesting, indeed...more
Good one-liners, pretty good flow to it but just seemed about 75 pages too long?! It sure summed up the mess America got itself in through years of neglect.
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