Financial Reckoning Day: Fallout - Surviving Today's Global Depression

by Addison Wiggin, Will Bonner

An informative look at surviving a modern market meltdown

When the first edition of Financial Reckoning Day was published more than six years ago, many critics felt that maverick financial writers Bill Bonner and Addison Wiggin were overly critical of the United States increasing debt and the start of what seemed to be foreshadowing of economic concerns. Fast-forward to 2009, and much of what the authors predicted has come true-high unemployment rates, record setting foreclosures and bankruptcies along with the near global collapse of the financial institutions once thought to be so secure.

With the Second Edition of Financial Reckoning Day, Bonner and Wiggin bring you even more down-to-earth wisdom. This timely guide reveals 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. With this book, you'll gain a better perspective of what's really going on and discover the steps you need to take to survive the difficult times ahead.

Bonner and Wiggin are astute observers of the global financial arena and perfectly positioned to offer you solid advice in this field Discusses what's behind all the financial turbulence, what's in store, and what you can do to safeguard your investments Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and Markets Other titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning Day

Honest and accurate, the Second Edition of Financial Reckoning Day offers you the best chance to protect your assets and grow your portfolio in these difficult financial times.

Genres: Money, Economics

464 pages, Hardcover

First published January 1, 2009

Reviews

[Marcus Goncalves · Rating 3 out of 5]

The author offers great insight into investment bubbles and the madness of crowds. The title is misleading though, much of a catchy doom and gloom. There isn't much investment advice to be found here, other than selling equities and buying precious metals.

[Andrew · Rating 4 out of 5]

Very informative and easy to read. I enjoyed the history of John Law and how the US economy has paralleled Japan's (bubble stock and real estate markets followed by meager growth and low interest rates while the central bank floods the market with new currency). Was very interesting to learn that ALL fiat currencies end up failing. Good education here.

[Eric · Rating 4 out of 5]

Including a look at speculative bubbles in the past and present, this book is both informative and easy to read. I prefer "Mobs Messiahs and Markets" by Mr. Bonner and Lila Rajiva, which is even more so.

[Mark Rose · Rating 3 out of 5]

It's a little off beat, but it does a great job of challenging preconceived ideas about markets and monetary policy. Just a tad fatalistic. Much better than original version released into thousand four.