The failure of banks, the huge rise in government debt, the failure of business, the loss of jobs, the pressure on real incomes all. I worked closely with eve harris as her writing mentor on her debut novel the marrying of chani kaufman, which reached the longlist for the 20 man booker prize. Planet ponzi believes in the power of the individual. The book breaks down what he describes as planet ponzi that the entire economic system is one enormous financial fraud and that we are living in the biggest bubble in history. Covid19 exposed wall streets culture of heads i win, tails you bail me out. Planet ponzi how politicians and bankers stole your future. This is a roadmap to the nearfuture, essential reading for our times. The eurozone crisis and the libor manipulaton scandal are just two. Praise for planet ponzi mitch feierstein is one of the most prescient and cogent observers of the economic crisis that has engulfed the world. He delivers his controversial views without fear or favour and tells the truths others are too terrified to voice or desperate to hide. It is witty and very entertaining and lots of clear explanations. Planet ponzi the massive buildup of debt, the total loss of political transparency had caused multiple casualties across the world.
The amount of damage that the finical regulators have done is well documented in this important book. In 1980, the year when planet ponzi started to turn, the average effective federal tax rate on the median american household was 11. The books are written to stir emotions and provide a radical opinion on a topic. The book has lots of facts and figures which demonstrate quite clearly how bankrupt the. It compares worldwide and united states government indebtedness or the euphemism sovereign indebtedness, this is the basis of our current bankruptcy, starting with the financial crisis of 2008.
Mitchell feierstein for reading east in the uk parliament. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel. Please do not take to heart everything that you read. Mitch feierstein is the author of planet ponzi and knows the financial industry inside out. 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 this video, luke rudkowski talks to mitch feierstein economist and author of planet ponzi.
The eurozone crisis and the libor manipulation scandal are just two. He is a highly successful hedgefund manager and ceo of the glacier environmental fund limited. This video was shot during we are changes behind the. Mitch feierstein reveals the true debts of britain, the us government and the. In planet ponzi, feierstein explains clearly the background to the worlds worst financial crisis for seventy 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 familymore. Mitch feierstein who wrote planet ponzi and is very knowledgeable on the out of control world sovereign debt crisis which in his expert opinion has to lead to a much bigger crash than 2008. For the past 30 years, he consistently created opportunity and value where others have failed to look. Planet ponzi ebook by mitch feierstein rakuten kobo. Feierstein stood as a brexit party candidate in the 2019 uk general election for the reading east constituency. Buy planet ponzi by mitch feierstein from waterstones today. It compares worldwide and united states government indebtedness or the euphemism sovereign indebtedness, this is the basis of our current bankruptcy, starting.
Feierstein appears regularly as a financial commentator on sky, bbc, and rts keiser report. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets and. Planet ponzi is a provocative assessment of the state of todays global economy. Without it, no one would buy the book, so a controversy and hopefully some good doomsday scenario is needed.
Chancellor builds his policies on a ponzi homes plan. Guest mitch feierstein, author planet ponzi 15oct15 guest is mitch feierstein, author of the book planet ponzi, talking about the rigged markets, central banks and governments helping the rigging, looming qe4 printing money by the us federal reserve. Mitch feierstein, the author of planet ponzi, has the distinguished background, hedge fund manager, ceo, portfolio manager, and government advisor to write this bombshell of a book. As the global economy struggles to avoid meltdown, so the greatest ponzi scheme in history approaches its final death ra.
Watch stocks trade in real time after massive march jobs decline 432020 cnbc television 1,951 watching live now. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality. Read planet ponzi by mitch feierstein available from rakuten kobo. Ebook planet ponzi as pdf download portable document format. Planet ponzi is a must read for anyone concerned with the world economy. Our mantra is transparency, oversight, regulation and accountability. The failure of banks, the huge rise in government debt, the failure of business, the loss of jobs, the pressure on real incomes all these things stem from the same dark causes. In 2012 he published his first book, planet ponzi, which gives his perspective of the global credit crisis. Reflections on planet ponzi by mitch feierstein book. Mitch feierstein, planet ponzi it was as though all the passengers on the titanic were roped together, and the fattest guy had just fallen overboard. It details the staggering scale of excess that has been pumped into a hypothecated, congested market. Everyday low prices and free delivery on eligible orders.
Mr feiersteins book is a reminder that things could well get a lot worse in coming. 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. Mitch feierstein is a highly successful hedgefund manager and ceo of the glacier environmental fund limited. The world economy is now approaching the final death rattle of the gre. Mitch feierstein has written an excellent book on wall street financial capital ponzi mega fraud and catastrophic planet ponzi economics. Planet ponzi available for download and read online in other formats. 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. The us government has run up huge debts bailing out delinquent banks, fighting nonessential wars, supporting spurious causes locally and in other countries. Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus. In planet ponzi, mitch feierstein tells you whats happened, what will happen next and how to protect yourself and your family. The financial system will never be worthy of trust while any institution is tbtf. Planet ponzi home blog book video about contact welcome to planet ponzi soaring global prices. Planet ponzi reveals the true debts of the us government, shows how close italy is to following the way of greece and explores britains own finances in grimly realistic detail. Planet ponzi by mitch feierstein penguin books australia.
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