"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=Vr5hAiUFW4sWe 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"
From the Back Cover
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 manipulation 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. The must-read book on the financial crisis.