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Home > Business & Economics > Finance & Accounting > Empire of Debt: The Rise of an Epic Financial Crisis
Empire of Debt: The Rise of an Epic Financial Crisis
by Bonner, William / Wiggin, Addison
 
 
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Empire of Debt: The Rise of an Epic Financial Crisis
"In no-nonsense prose, Empire of Debt confronts critical concerns about the position of the United States as the world's leading economy and great military might. For many years, the United States has been the country from which others sought advice, money, and a high return on investment. At the same time, Uncle Sam has descended from being the world's largest creditor to its greatest debtor. Why the paradox?

The team that conceived the international bestseller Financial Reckoning Day offers the first in-depth look at how Americans abandoned sound traditions of economic freedom, personal liberty, and fiscal restraint, favoring instead government control of the economy, unfettered deficit spending, gluttonous consumption, and fearless military adventurism, all of which have ravaged the business environment, devastated personal balance sheets, and led the global economy to the brink of financial crisis. The authors argue there will be a dramatic change in the economic power of the United States in the coming years that will inevitably impact every American. Understanding this is critical for everyone, from lawmakers and corporate leaders to investors seeking safe places to invest retirement funds. Despite the serious topic, the authors' irreverent style entertains as they find humor in a precarious financial situation. Order your copy today. "



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Title of ebook: Empire of Debt: The Rise of an Epic Financial Crisis
ISBN: 9780471782537
parent-ISBN: 9780471739029
Publisher: John Wiley & Sons, Inc.
Internet download file size: 2323 kb
Pages: 384
Published: 04-2006
Released online for download: 04-20-2006
Author of eBook: Bonner, William
Author of eBook: Wiggin, Addison
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Empire of Debt


Chapter One

Dead Men Talking

Tradition is the democracy of the dead. -G. K. Chesterton

One of the nicest things about Europe's cities is that they are so full of dead people. In Paris, the cemeteries are so packed that the corpses are laid down like bricks, stacked one atop the other. Occasionally the bones are dug up and stored in underground ossuaries that are turned into tourist attractions. Thousands and thousands of skulls are on display in the catacombs; millions more must be spread all over the city.

In Venice, a dead man gets-or used to get-a send-off so gloriously sentimental he could hardly wait to die. There is barely room within the city walls for the living and none at all for the dead. Cadavers were loaded onto a magnificently morbid floating mariah-a richly decorated funeral gondola, painted in bright black with gold angels on her bow and stern. Then, as if crossing the river Styx, the boat was rowed across the lagoon to the island of San Michele by four gondoliers in black outfits with gold trim.

How American versifiers must have envied one of their own, Ezra Pound, when he took his last gondola ride in such fabulous ... read full excerpt from Empire of Debt: The Rise of an Epic Financial Crisis ebook



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