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Planet Ponzi

Planet Ponzi

by Mitch Feierstein (Author)

  • Used

    Hardcover 2012

    $3.48
Synopsis

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 Britain, the US government and the eurozone - the full picture, not the figures the politicians would have us believe. In Planet Ponzi, Feierstein explains clearly the background to the world's worst financial crisis for seventy years, predicts the next steps in this infinitely dangerous game and offers practical advice on measures which you personally can take to protect yourself and your family.

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More Information

Format: Hardcover
 Pages: 384
 Publisher: Bantam Press
Published: 02 Feb 2012
ISBN 10: 0593069617
ISBN 13: 9780593069615
Book Overview: How politicians and bankers stole your future. What happens next. How you can survive.

Media Reviews
Mitch Feierstein delivers his controversial views without fear or favour and tells the truths others are too terrified to voice or desperate to hide. 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 Daily Mail As a former member of the US House of Representatives, prosecutor and MD of Real-Estate & Infrastructure Group 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 Here's the book that's flying off the shelves... it's great! Max Keiser
Author Bio
Mitch Feierstein knows the financial industry inside out. For the past thirty years, he has consistently created opportunity and value where others have failed to look. He is a highly successful hedge-fund manager and CEO of the Glacier Environmental Fund Limited. Prior to Glacier, he was Senior Portfolio Manager of the Cheyne Carbon Fund, part of one of the largest and best-respected hedge-fund groups operating in Europe. He has acted as a consultant for a number of governments in their disaster and contingency planning. He divides his time between London and New York.