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Home > Business and Economics > Economics > Economic history > Planet Ponzi: How the World Got Into This Mess, What Happens Next, How to Save Yourself
Planet Ponzi: How the World Got Into This Mess, What Happens Next, How to Save Yourself

Planet Ponzi: How the World Got Into This Mess, What Happens Next, How to Save Yourself


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About the Book

The world economy is now approaching the final death rattle of the greatest Ponzi scheme in history: a scheme in which politicians stood by as the financial industry and sovereign governments created a vast overhang of debt, a mountain of low-quality assets - and laid the foundations for an economic disaster which will dwarf any other in history. There are four possible outcomes for our future: * economic growth (unlikely) * stagnation (probable) * inflation (bad) * default (disastrous) Which of the four it will be depends on choices that are being made right now, not always wisely, by politicians, technocrats and bankers. Planet Ponzi is a provocative assessment of the state of today's global economy. Mitch Feierstein reveals the true debts of US government and the eurozone - the full picture, not the figures the politicians would have us believe.

Review :
"As a former member of the US House of Representatives, prosecutor and MD at JP Morgan, I'm thrilled that someone like Mitch is using this megaphone to sound the alarm. It takes someone with his background to take us behind the PR spin and superficial headlines to discover the truth." -- Rick Lazio ""Former member US House of Represenatives"" "In a tightly argued and fearless delivery of his controversial views, arrived at from a ringside seat as a hedge fund manager operating throughout the financial crisis, Mitch Feierstein has written a terrifying book indicting our rulers and financiers for running an elaborate Ponzi scheme that will most likely end in all of us losing everything." -- Beverly Chandler ""Opalesque"" "It's a description of how we in the West have given away our economic hegemony in a few short years a sort of "how the West was lost" if you like. Mr. Feierstein outlines, in simple terms, the mistakes that have been made by global policy makers.The description of a Ponzi scheme is very apt.Things could get a lot worse in coming years and decades" -- Julian Knight ""Money Editor The Independent on Sunday"" "Mitch Feierstein is one of the most precient and cogent observers of the economic crisis that has engulfed the world. He delivers his controversial views without fear or favour. If you want to understand the financial mess we are in now, and what is likely to happen next, you can't afford not to read him." -- Ruth Sunderland ""Associate City Editor UK Daily Mail"" "Why read this book?We are all in serious trouble,all of us on this interconnected Planet Ponzi. There will be no happy ending there never is for Ponzi schemes. The best we can do is understand what is inevitably coming and take thoughtful, painful decisions that will give us some protection as a nation and as individuals.This book is a good start" -- Ian Mann ""FIN24"" Mr. Feierstein's frequent, acerbic, entertaining blogs give his perspective about what's really going on behind world economic news. Planet Ponzi provides a more coherent, detailed treatise on the continuing global financial crisis and a call to arms to effect a solution." -- Christine Williamson ""Pensions & Investments""


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Product Details
  • ISBN-13: 9780985036928
  • Publisher: Glacier USA LLC
  • Publisher Imprint: Glacier USA LLC
  • Height: 193 mm
  • No of Pages: 450
  • Spine Width: 33 mm
  • Weight: 363 gr
  • ISBN-10: 0985036923
  • Publisher Date: 31 Oct 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: How the World Got Into This Mess, What Happens Next, How to Save Yourself
  • Width: 127 mm


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