Planet Ponzi [Kindle Edition]

Mitch Feierstein (Author)

Book Description

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.

Editorial Reviews

Review

"Mitch Feierstein delivers his controversial views without fear or favour and tells the truths others are too terrified to voice or desperate to hide.If you want to understand the financial mess we are in now, and what is likely to happen next, you can't afford not to read him." Ruth Sunderland, Associate City Editor, Daily Mail "As a former member of the US House of Representatives, prosecutor and MD of Real-Estate & Infrastructure Group at JP Morgan, I'm thrilled that someone like Mitch is using this megaphone to sound the alarm.It takes someone with his background to take us behind the PR spin and superficial headlines to discover the truth." Rick Lazio "Here's the book that's flying off the shelves... it's great!" Max Keiser

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.

See all Editorial Reviews

Product Details

• File Size: 1729 KB
• Print Length: 370 pages
• Publisher: Glacier Publishing (February 10, 2012)
• Sold by: Amazon Digital Services, Inc.
• Language: English
• ASIN: B0077U2I2Y
• Text-to-Speech: Enabled
• X-Ray: Not Enabled
• Lending: Enabled
• Amazon Best Sellers Rank: #176,353 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

Most Helpful Customer Reviews

8 of 8 people found the following review helpful

5.0 out of 5 stars Scathing analysis that will make your blood boil April 25, 2012

By Dr. Orson Wedgwood

Format:Kindle Edition

I suspect that anyone who buys Planet Ponzi already understands the basic nature of the problems underlying the financial crisis, and that we are soon going to be entering the second, more severe phase. I am one of those, and although reading the book didn't change how I saw the world, it certainly provided valuable detail as to why I see things the way I, and others do. It also gave me a clearer idea of how I should be planning for the final collapse.

The author is scathing and unrelenting in his exposure of all the relevant events, and his analysis of our current situation, where we are teetering on a wave of sovereign defaults followed by bank collapses, is right on the money. My only criticism is that he is too ready to dismiss darker outcomes. He optimistically believes that all this will lead to a brighter future where a new open and honest form of political and financial government will rise from the ashes of Planet Ponzi. That is possible, but you don't need to look far back in European history to realize that populations and politicians alike do not always react in the best ways to these sorts of crises, especially when democracy has been so badly denegrated by the likes of Blair and now Obama.

As a writer myself( Deadly Medicine), and a scientist, I detest the puerile pulp the MSM feeds us. Planet Ponzi is the opposite, and is an excellent, well researched piece of work, with a clear central thesis backed up by verifible facts that all financial journalists or anyone who wants to develop an in depth understanding of the situation should read. It is very digestible and keeps your blood boiling as you read endless examples of political and corporate incompetence combined with deliberate greed that has led to the destruction of wealth for huge swathes of Western society. I also like the proposed solutions which require real honesty on the part of those in power. Unfortunately that is where the book may be entering the realms of fiction, but good luck to him for having faith in human nature. Personally, I think nothing short of the second coming would rid Planet Earth of the idiots who created Planet Ponzi!

7 of 7 people found the following review helpful

5.0 out of 5 stars Stimulates your brain and common sense to analyze the world we are living in February 7, 2012

By Dott. Ing. Francesco Franzinelli

One of the best books I've come across, conjugating economic science and everyday language, discussing otherwise intricate matters with a very sharp sense of humor. A very in-depth and accurate study of past and present choices of our Administrations that have led to today economic state of most of so-called developed countries. It explains in a very informal language, yet very solidly based, why and how our countries are facing the threat of default, never indulging in stupid catastrophic attitude, too common nowadays. Most important it gives you advices to soften the impact of this crisis on your own finances, no matter where you are located (Italy in my case, sig!).
For a mind like mine, I am an engineer not an economist, I've appreciated how the author deals with the matters always referring to officials and publicly available data, and never entering fields without an appropriate support of real and verifiable sources. He does not spend too much time on theories; he rather gives real world examples and tries to refer to down to-earth concepts to explain his points, never loosing a scientifically correct exposition.
His attitude is not much of one of the many priests unveiling the ultimate truth about the crisis we are facing, but rather stimulating our brains using everyday common sense to analyze the data we have under our nose. I've read the book in 3 days, even if, as I said, I am not one of the economic field. I gave it to read to my wife, (much smarter than me) she's enjoying it .
VERY HIGHLY RECCOMANDED!

3 of 3 people found the following review helpful

5.0 out of 5 stars Dr. John C. Nemeth November 19, 2012

By J. Nemeth

Format:Paperback

I read the hardback edition of Planet Ponzi last year, and it is a totally documented treatment of the sorry state of the international finance--the lack of concern and service to clients, the outright greed of Wall Street, and the complicity of govenments, particularly the USA and UK.

Finance is not my area of expertise, I am a scientist, and would not normally even read such a book. I read Planet Ponzi twice. I love this new paperback update, as well. Everyone who cares about the economic future of our country and how that squares with the foibles of the EU and rest of the world should read this book and then take proactive means to change the poor behavior of the United States Congress.

Finally, Mr. Feierstein is an engaging, extremely informative, careful writer with an entertaining style.

More About the Author

Mitch Feierstein knows the financial industry inside out. For the past 30 years, he 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.