From the Inside Flap
When the original edition of
Financial Reckoning Day was published early in this decade, many felt that maverick financial writers William Bonner and Addison Wiggin were overly critical of the United States' increasing debt and unfair in their foreshadowing of economic catastrophe.
Fast-forward to 2009, and much of what the authors predicted has come true—high unemployment rates, record-setting foreclosures and bankruptcies, as well as the near global collapse of financial institutions once thought to be so secure.
With Financial Reckoning Day Fallout, Bonner and Wiggin return to reveal even more down-to-earth wisdom and help you chart your own financial destiny in today's precarious investing climate. Expanding upon the ideas they put forth before the current global downturn unfolded, the authors discuss what's behind it all, what's in store, and what you can do to safeguard your investments.
Written in conjunction with the tenth anniversary of the authors' popular financial newsletter—The Daily Reckoning (www.dailyreckoning.com)—this fully updated guide effectively explains that the hazards of democratic consumer capitalism and the financial follies of history are not a thing of the past, but an ongoing issue with no end in sight. Along the way, it also explores what's really going on beneath the surface and outlines the steps you need to take to survive the growing global depression. Topics touched upon throughout these pages include:
How the current economic downturn relates to worldwide events from a historical perspective
Why high-spending, high-borrowing consumerism "leveraged" the U.S. economy and what you might expect from the global depression ahead
What the legacy of Fed chief Alan Greenspan "ought" to be
Why Japan's "miracle economy" unexpectedly collapsed and what this example means for us now
Honest and accurate, Financial Reckoning Day Fallout offers you the best chance to protect your assets and grow your portfolio in these difficult financial times.
From the Back Cover
In
Financial Reckoning Day—an international bestseller published early in this decade—maverick financial writers William Bonner and Addison Wiggin made some bold predictions about the economic difficulties the United States was about to encounter. Unfortunately, much of what they warned about has come true.
Now, in Financial Reckoning Day Fallout, Bonner and Wiggin return to reveal exactly how these events have unfolded—high unemployment rates, record-setting foreclosures and bankruptcies, as well as the near global collapse of the financial institutions once thought to be so secure—and what you can do to protect yourself from today's growing global depression.
Praise for the First Edition
"An investment book that will not only enlarge your investment horizon, but also make you laugh and thoroughly entertain you for a few hours.
"—Dr. Marc Faber, author of the bestseller Tomorrow's Gold, and publisher of the Gloom, Boom & Doom Report
"Financial Reckoning Day is . . . in the category of scintillating sex or good vision, something to be savored and enjoyed—before it is too late.
"—JAMES DALE DAVIDSON, author of the bestseller The Great Reckoning and The Sovereign Individual
"A powerful and insightful vision . . . each paragraph stimulates a new rush of thoughts that fills in gaping holes in the investors' understanding of what has happened to their dreams . . . while prepping them to confront any new confusion that may arise."
—MARTIN D. WEISS, author of the bestseller The Ultimate Depression Survival Guide
