Agora Series The Empire of Debt

PRAISE FOR EMPIRE OF DEBT —Post-Pandemic Edition— “Watching the news is a bit like watching a bad opera. You can tell from all the shrieking that something very important is supposed to be happening, but you don’t quite know what it is. What you’re missing is the plot. Let us begin by noticing that this is a comic opera that seems as though it might veer into tragedy at any moment. The characters on stage are familiar to us—economists, politicians, investors, consumers, and businesspeople. They are the same hustlers, clowns, rubes, and dumbbells we always see. But in today’s performance they are doing something extraordinary: They are some of the richest people on the planet, but they have come to rely on the savings of the world’s poorest… They routinely spend more than they make—and think they can continue doing so indefinitely… They invade foreign countries believing they are spreading freedom… They run trillion-dollar deficits, routinely, giving almost no thought to who will pay… or how.” – From the Introduction to Empire of Debt “Empire of Debt is a wake-up call for all investors. Bonner and Wiggin masterfully illustrate why we should all take a much closer look at what our future holds.” – Marketwatch “The authors describe with sardonic humor—and no small amount of name calling—how America has become an overfed, imperial has-been and economic basket case.” – SmartMoney.com “In addition to being accomplished financial analysts, Bonner and Wiggin are talented historical writers. And they put this talent to work in the cause of examining the political and economic effects of empire.” – The Huffington Post Protect your investments with a deep dive into the past and future of finance Building on the uncannily accurate predictions in previous editions, this latest edition of The Empire of Debt: We Came, We Saw, We Borrowed, written by New York Times bestselling authors Addison Wiggin and Bill Bonner, explores the economic, political, and financial events between 2008-09 and 2023, placing them in historical context and explaining what's likely to happen for the remaining years of the 2020s. The book imparts practical advice on how to protect wealth in the face of ongoing and rapidly intensifying crises, as well as suggestions on how these trends can be played to put investors' own money to work. In this book, readers will learn about: Political development of US hegemony in the 20th century, from the founding of the Federal Reserve in 1913 through to the present Past and current conflicts in Iraq, Afghanistan, Ukraine, and Russia and their effects on finance The response to the Financial Panic of '08, including a decade of Zero Interest Rate Policy (ZIRP) With investors more eager than ever to protect their investments, The Empire of Debt is an essential guide to the future of finance, harnessing history to accurately plot where we are and where we're going.