Planet Ponzi
by Mitch Feierstein
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.
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.