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3.6 out of 5 stars
Financial Reckoning Day Fallout: Surviving Today's Global Depression
Format: HardcoverChange
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60 of 62 people found the following review helpful
on November 18, 2009
Format: HardcoverVerified Purchase
I have followed Bonner over the years and have appreciated his perspective. This book however was a major disappointment. The book just doesn't cover what the title (and subtitle) states that it is going to cover so from the get-go it is misleading. It spends most of its time doing a haphazard and rambling discourse on the economic history of the last 100+ years with wayyy too much time spent on Japan and Greenspan. The title of the book is "Financial Reckoning Day: Fallout"............precious little space is devoted to the current fallout from 2008-2009. Most of the pages are devoted to 1960-2002. It merely covers the ground that we've all heard ad infinitum over the last two years already in the media/CNBC, nothing really fresh at all and more importantly he does NOT spend much time covering the 'Fallout" scenarios yet to come .

The subtitle is "Surviving Today's Global Depression." You would think, therefore, that there would be pages devoted to 'what you can do in such a depression'. You would be disappointed. Only the last page or so even attempts to address that topic but wanders from it immediately. All Bonner states in gloomy repetition can be summarized by the last sentence in the book: "Our advice? Fold 'em, get up from the table before they clean you out'. I was expecting better and more detailed advice and strategies from someone as experienced. The book is a real downer and I got not one good idea from it.
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7 of 7 people found the following review helpful
on February 24, 2011
Format: Hardcover
Deacm's review pretty much covers it. This excruciatingly long book has some interesting stories, but meanders from topic to topic much like a drunk in search of a new bar (the authors like to make statements like this). Basically, the book argues that fiat currency never works; that Allen Greenspan did nothing other than create the greatest bubble in history; that financial collapse is inevitable; that gold is a good idea, but it's probably too late at this point to do anything.

As far as "surviving" goes, there is nothing here. Nothing at all. That is why the title is so misleading. There are lots of books that argue the same basic point. Peter Schiff and Bud Conrad come to mind. At least they have some ideas about what to do.

This book is in desperate need of good pruning, but the best decision, in my opinion, is not to waste your money (even if your dollars are not worth very much!).
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