"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.