As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets – and ultimately, an economic disaster which has dwarfed all others.
The Eurozone crisis and the LIBOR manipulaton scandal are just two symptoms of a much broader problem: one of vastly excessive debt, regulatory failure, a culture of deceit on Wall Street and the City of London, and governments that have promised their citizens far more than they can deliver. In Planet Ponzi, Mitch Feierstein tells you what’s happened, what will happen next and how to protect yourself and your family.
Mitch Feierstein is one of the most prescient and cogent observers of the economic crisis that has engulfed the world. He delivers his controversial views without fear or favour and tells the truths others are too terrified to voice or desperate to hide. Feierstein has an insider's knowledge of the markets and brilliant, iconoclastic intellect which he is not afraid to use. 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.
As a former member of the U.S. House of Representatives, prosecutor and veteran of one of the world's largest global banks, 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.
Here’s the book that’s flying off the shelves... it’s great!