Planet Ponzi: How the World Got Into This Mess, What Happens Next, How to Save Yourself by Feierstein, Mitch (2012) Paperback - Softcover

Mitch Feierstein

Softcover

ISBN 10: 0552778273 ISBN 13: 9780552778275

Publisher: Black Swan Books, Limited, 2012

Synopsis

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.

About this title

About the Author

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.

Review

"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, you can't afford not to read him." -- Ruth Sunderland "Associate City Editor Daily Mail"

In a tightly argued delivery of his controversial views, arrived at from a ringside seat as a hedge fund manager operating throughout the financial crisis, Planet Ponzi indicts our rulers and financiers for running an elaborate Ponzi scheme that will most likely end in all of us losing everything. Beverly Chandler "Opalesque"

The book is a must read - Max Keiser on the Keiser report.  Max Keiser speaks with author Mitch Feierstein: youtube.com/watch?v=Vr5hAiUFW4s

We are all in serious trouble,all of us on this interconnected Planet Ponzi. There will be no happy ending 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 great start -Ian Mann "FIN24"

About this edition

• Publisher: Black Swan Books, Limited
• Publication date: 2012
• ISBN 10: 0552778273
• ISBN 13: 9780552778275
• Binding: Paperback
• Number of pages: 448