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Financial Armageddon: Protecting Your Future from Four Impending Catastrophes Hardcover – March 1, 2007

3.7 out of 5 stars 45 customer reviews

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Editorial Reviews


"A Magnum Opus of the facts and figures of the astounding monetary and fiscal stupidities of the last decade; the incredible financial ignorance, intellectual sloth, and shameful gluttony of the public; and the despicable, pandemic corruptions that made it all possible." -- Richard Daughty, the Mogambo Guru

"An absorbing report on the gruesome inner workings of the Frankenstein Finance monster that is dragging the rest of our economy into a dark future." -- James Howard Kunstler, author, The Long Emergency

"Panzner is one of the few people I know who can deal with day-to-day Wall Street action and yet have a big picture perspective-a picture he paints in Financial Armageddon as one that should terrify us." -- Bill Cara, BillCara.com (Forbes Favorite, 2006)

"The definitive work on our economic future. Read it now or dwell on the consequences later." -- Bruce Stratton, SafeHaven.com

"Timely, accessible....Readers who follow Panzner's advice will be among the few who successfully weather the storm ahead." -- John Rubino, co-author, The Coming Collapse of the Dollar and How to Profit from It

An informative work with much food for thought and excellent advice in preparing for the coming financial storm. -- Bull Not bull!, March 5, 2007.

Financial Armageddon doesn't pull any punches....[it's] a hard-hitting exposé of what may be our future. -- Seeking Alpha on Yahoo! Finance, March 17, 2007

From the Inside Flap

When the stock market bubble burst in 2000, the collapse that followed wiped out over two-thirds of the value of the Nasdaq Index and decimated the hopes and dreams of millions of Americans.

Now, imagine not one, but four such disasters looming on the horizon, all poised to erupt in a massive economic firestorm that will wreak widespread havoc in the months and years to come.

In Financial Armageddon, Wall Street insider Michael J. Panzner identifies the most pressing financial risks we face today: First, a burgeoning tower of public and private debt wobbling precariously on a foundation of excess and fraud; second, a multi-trillion-dollar house of cards to which all Americans are exposed but few understand; third, a vast array of largely hidden government promises that will ultimately go unkept; and fourth, a retirement mirage that will leave millions enslaved to the workplace until the day they die.

Panzner details the devastating impact that each phase of the coming calamity will have on the lives of every American, and shows readers how to recognize, guard against, and overcome myriad threats to their wealth and personal finances. Learn:
-How an unraveling economy will affect earnings, prices, and interest rates
-When to sell, what to buy, and where to invest as the crisis unfolds
-What to watch out for in relationships with friends, employers, and others
-The social, political, and geopolitical fallout from widespread financial upheaval

Financial Armageddon offers practical advice to weather the storm, simple steps to plan ahead, and a plan to survive if the unraveling hits before you're prepared. With time running out, every American must learn of the disaster-in-the-making so they can protect themselves, their families, and their economic well-being--before it's too late.


Product Details

  • Hardcover: 240 pages
  • Publisher: Kaplan Business; First Edition edition (March 6, 2007)
  • Language: English
  • ISBN-10: 141959608X
  • ISBN-13: 978-1419596087
  • Product Dimensions: 6 x 0.5 x 9 inches
  • Shipping Weight: 15.2 ounces
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (45 customer reviews)
  • Amazon Best Sellers Rank: #1,606,768 in Books (See Top 100 in Books)

More About the Author

Michael J. Panzner is a 30-year veteran of the global stock, bond, and currency markets who has worked in New York and London for such leading companies as HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase.

Panzner is the author of When Giants Fall: An Economic Roadmap for the End of the American Era, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, and The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World, and has also been a columnist at TheStreet.com's RealMoney paid-subscription service and a contributor to AOL's BloggingStocks.com.

He is a New York Institute of Finance faculty member specializing in Equities, Trading, Global Capital Markets and Technical Analysis and is a graduate of Columbia University.

For more information, please visit http://www.michaeljpanzner.com.

Customer Reviews

Top Customer Reviews

Format: Hardcover
Financial Armageddon presents an alarming discussion of the Four Horsemen riding towards the U.S economy. Panzner has turned what might seem dry or inaccessible subjects - i.e derivatives, deficits, pension liabilities - into a tale even the layest of laymen can understand. Some will suggest it goes overboard in it's pessimism (hyper-inflation? widespread beggary and pestilence?) but even if it does it scarcely begins to offset the institutionalised optimism pumped out in the popular media. However the book is not just doom and gloom, it also provides concrete ideas on how individuals can prepare themselves and their investments. If even a fraction of Panzner's predictions come to pass investors will be grateful for the recommendations contained in this book. Read it and come away disturbed, but informed.
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Format: Hardcover
Part One of this book offers a brief overview of four financial threats the author suggests Americans will be facing in the near future. This is the mild stuff.

What follows, in Parts Two and Three, is a very disturbing "worst case" scenario of what life might be like for the average American once these four threats hit home. We could be facing a full-fledged systemic economic breakdown. And we will each be on our own. There is no certainty that we can count on Social Security; retirement pensions; Medicare, or financial institutions to save us. And this is just the tip of the iceberg. There will be fallout from dozens of other disasters headed our way as society begins unraveling. We need to start taking immediate steps to educate and protect ourselves. Part Four of the book offers some advice on how to do just that.

This is an intense read. It is fascinating in somewhat the same way a trainwreck is fascinating. I couldn't put it down.
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Format: Hardcover
This was not a "fun" book to read. I disagree with the comment above that describes this book as "sobering" - it's outright depressing! I was simultaneously fascinated and horrified by the way the author details what life will be like if the crashes he outlines come to happen. The first two sections of the book outline the 4 basic threats and then the risks to our society from those threats, which is frankly a little dry. But then it gets juicy...the "fallout" section grabs you in a scary-movie sort of way and almost makes you want to put the book down and walk away, but you can't, just like you can't pull your eyes away from, say, an airplane crashing in you own backyard. The final section, "defenses," gives some ways to protect yourself, but the solutions fluctuate, depending on the circumstances of the economy at the time. He even discusses how this will affect your relationships and the kind of lifestyle you will lead if you're not prepared. It certainly will make you think twice about your own situation, and even if he's partly wrong, it will make you want to live the Boy Scout motto. The only reason I don't give it 5 stars is because the recommendations aren't real specific, but I still strongly recommend it.
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Format: Hardcover
There are over a dozen recent books on this topic, and I have read nearly every single one. A couple are terrible, most are okay, one is good (this one) and one is truly spectacular (America's Financial Apocalypse).

The only problem is, like most of the others, "Financial Armageddon" is a bit too simplistic for those who are in the know, but it does a good job given its obvious wide audience. I would rank it higher than "Crash Proof."

The very best book by far though is "America's Financial Apocalypse." I would recommend "Armageddon" and "Apocalypse" as a nice one-two punch to gain the best understanding of the situation. The price difference between these books is well-justified. The former is a crash course while the later is manifesto of sort.
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Format: Paperback Verified Purchase
The book was predominantly boring while I was waiting for actual news, something to learn. A lot of the ideas were repeating throughout the book just rephrased.
I couldn't wait to get to the "solutions" part. But when I got to it - what a disappointment! Advice like "buy insurance", "watch for deals that are too good to be true", "don't trust this or that guy, check this web site for his background", etc. were all obvious suggestions and sound like grandma's advice: "don't talk to strangers" type of statements.
This book is a complete waste of time. Even though author touched on some of the problems the economy has it could be put together in 10 pages. The other 174 pages are garbage.
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Format: Hardcover
I tend to agree with the critical reviews. I don't think this book is useless, but I would imagine that reading a history of the Great Depression would probably give you the same outline of what is to come (if all the assumptions in the book are right).

Most people who buy a book like this think that bad things might be about to happen. I bought it to find personal solutions. What investments are likely to make money in a severe downturn? Are there any good moves to make? You won't really find these answers here.

It's going to hit the fan. You might buy gold. Spend cash as fast as you can when hyper-inflation hits. Otherwise, no useful suggestions for actions to take.
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