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February 2012 Non-Fiction Book of the Month.
Even though this book has a US focus the blunt uncomfortable economic and political truths of the current global debt crisis and its inevitable painful conclusion are equally relevant for anyone living in the western world. Mitch Feierstein’s scathing appraisal of politicians and money men is backed up with unsettling statistic after statistic but the book is also a rallying cry for us all to become more aware and involved – and even has investing tips to reduce the impact of the impending financial super storm.
Click here to visit the planetponzi website
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); and, 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 70 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.
Publication date: 02/02/2012
Publisher: Bantam Press an imprint of Transworld Publishers Ltd
|Publication date:||2nd February 2012|
|Publisher:||Bantam Press an imprint of Transworld Publishers Ltd|
|Genres:||Books of the Month, eBook Favourites, The Real World,|
Mitch Feierstein knows the financial industry inside out. For the past 30 years, he 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.More About Mitch Feierstein