Panzner is a 25-year veteran of the global stock, bond, and currency markets and has worked for leading financial companies such as HSBC and JPMorgan Chase. He sees the current financial crisis as a watershed event in our nation’s history that will lead to unprecedented, possibly devastating changes in our economy and lifestyle. Just as other empires have done in the past, he asserts, we have stretched ourselves too thin both militarily and economically, and we are rapidly running out of the resources and global goodwill that will sustain our dominance. Our massive national deficit means we are at the mercy of foreign interests such as China, which holds a large proportion of our bonds, while enormous government bailout and “stimulus” spending programs create black holes of debt that threaten to create hyperinflation. Thankfully, Panzner lays out a road map to navigate these turbulent waters, and he argues convincingly that following his plan will help individuals to maintain wealth and security during the troubled times ahead. Recommended for all those trying to make sense of the economy. --David Siegfried
From the Inside Flap
Once the embodiment of prosperity, the United States now finds itself in a precarious position. With its financial system in shambles and global standing on the wane, many believe we are witnessing the end of the American era. In When Giants Fall
, author Michael Panzner puts the coming age of post-American dominance in perspective, and addresses the far-reaching effects it will have on our lives, as well as the economic opportunities that will arise from it.
With this timely guide, Panzner describes how widespread economic changes—the product of growing conflict and wars, shortages, logistical disruptions, and a breakdown of the established political and monetary order—will impact businesses as well as investors, and discusses why individuals will be forced to rethink livelihoods, lifestyles, and living arrangements. He makes the case that for many people this will be nothing short of a modern Dark Ages, where each day brings fresh anxieties, unfamiliar risks, and a sense of foreboding.
However, for those enlightened few who understand what is really going on and what will likely happen next, the chaotic years ahead may well represent a singular opportunity—a time when you can realize goals you never thought possible and achieve a level of wealth and security that leaves you head-and-shoulders above everyone else. But to do this, you will have to understand how things got to where they are today and, more importantly, how they will play out in the future. When Giants Fall answers these and many other essential questions. From an examination of key economic, political, geopolitical, and social issues to the realities of earning a living, protecting and preserving wealth, running a business, and looking after loved ones, this practical guide provides a straightforward and comprehensive game plan for surviving—and thriving—in the uniquely unsettling years ahead.
The road ahead will be fraught with challenges that will be impossible for anyone to ignore or avoid—regardless of their current circumstances. But if you understand what's going on, set out a viable plan, and remain focused, you can get through these troubled times unscathed. Engaging and informative, When Giants Fall offers cutting-edge strategies and much-needed direction that will allow you to achieve financial security and stability in an increasingly uncertain and dangerous world.