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Planet Ponzi Hardcover – 2 Feb 2012

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Product details

  • Hardcover: 384 pages
  • Publisher: Bantam Press (2 Feb. 2012)
  • Language: English
  • ISBN-10: 0593069617
  • ISBN-13: 978-0593069615
  • Product Dimensions: 15.6 x 3.1 x 24 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (62 customer reviews)
  • Amazon Bestsellers Rank: 225,851 in Books (See Top 100 in Books)

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Product Description

Review

"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. Feierstein has an insider's knowledge of the markets and brilliant, iconoclastic intellect which he is not afraid to use. 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 U.S. House of Representatives, prosecutor and veteran of one of the world's largest global banks, 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, Managing Director of Real-Estate & Infrastructure Group at JPMorgan

Book Description

How politicians and bankers stole your future. What happens next. How you can survive.

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Customer Reviews

4.5 out of 5 stars

Most Helpful Customer Reviews

27 of 28 people found the following review helpful By Delta Hotel on 22 Feb. 2012
Format: Hardcover
Having read almost all of the books written about the 2007/8 "Credit Crisis" and ensuing events, I have to say that "Planet Ponzi" is definitely one of the best by far.

Mitch Feierstein forensically details the shockingly dubious and some might say "fraudulent" accounting practices of governments and financial institutions all over the world and explains how trillions of dollars are spirited out of thin air while massive debts are "hidden" in financial black holes.

If you want to know what's really going on with our hard-earned taxes then I definitely recommend this book.

Considering how refreshingly eye-opening, fascinating, exposing and informative this book is, I am surprised "they" haven't tried to ban it being published.

More people should read this book - it's absolutely gripping and you will be amazed.

10/10 - Highly recommended!
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5 of 5 people found the following review helpful By Thomas on 21 April 2013
Format: Paperback
Mitch has done a great of job informing his readers of the critical condition the economies of the World now find themselves in. He does come off as a pessimist although he states more than once he really isn't trying to.

The scales of the sums he discusses tend to become so vast that they almost lose all meaning but Mitch does a great job of illustrating just how much $200 Trillion dollars really is.

It's all very well writing the history of the economic collapse and the current state of play but Mitch also rounds off with a few well received tips on what happens next and how to prepare.

Because of his book I've now begun my own search for the "truth". I'm reading another economics book in direct conflict with Mitch's pro-austerity views and I guess I'll come down on one side or the other...hopefully.

Not one for the Keynesians but for anyone with even a modicum of interest in economics I would highly recommend!

Looking forward to Mitch's next instalment.
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40 of 43 people found the following review helpful By Amazon Customer on 16 Feb. 2012
Format: Hardcover
This book explains in normal, human, understandable language just why and how the world finances are in such a mess. In essence I found this book extremely good for a number of reasons, but the clarity is uppermost for me. One of the reasons I never entered the "banking/finance/theft" business, despite having a certain aptitude for it, is because at a very basic, logical sense, it made no sense. In other words, the "value" and "accounting processes" used by banks and their ilk is completely fictitious.
In addition to this the gobblydigook double-speak of the fork-tongued individuals who mainly populate this realm is enough to send you into a catatonic stupor within seconds. And finally, it has been my experience (and I have rubbed shoulders with several multi-millionaires and worked for a few billionaires) that the people in this field tend to have characters so devoid of ethics it is genuinely difficult for me to relate to them. Feierstein deconstructs all the veils and shadows and the boring language and writes in an entertaining as well as educational style. His sense of humour is a mixture of the British dry and the American gut-punch, making him very funny indeed. His sense of ethics is impeccable too and the book is an easy read, as he does not use any of the banking jargon without first explaining (usually in a funny way) what any of it means in normal language.. My only reservation, though it makes no impact at all on the quality of the book or the information within it (which I verified independently on several instances), is that there is precious little information on Mitch or his hedge fund online. There is also no information on his hedge fund registered with companies house.
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2 of 2 people found the following review helpful By geee w on 9 May 2013
Format: Paperback Verified Purchase
Mitch Feierstein , makes this easy to follow ,lots of diagrams ,history and latest happenings ..and gobsmacking in its content .Should be read by everyone in the uk , no matter what politics or economical background. It just makes you realize what an economic mess the world is in , and a huge cover up is in place , and that politicians of ALL parties , are just interested in feathering their own nests, with their cast iron pensions , inherited or gained wealth, and ALL are in the pocket of the bankers .He shows how the world is based on a world of fantasy .The world of banks is not based in holding assets, but credit, leverage and debt.and Global QE of which there is no exit at all to that strategy. He Proves through logic that these bubbles / ponzi schemes ..just cannot be sustained.The incredible level of dept by all nations is just not being addressed.
I dont necessarily agree with his take on the uk,that they are trying their best , to get out of this ..compared to japan, europe and the usa , i think we are just as bad ..When in 2000 " goldfinger" brown sold off ,much of the uks gold sovereignty 400 tonnes at 200 dollar a ounce, when even now its well over 1200dollars an ounce. Nice one Gordon .!!!. "To big to fail", Was a green light to these criminal bankers . to weigh down future generations with years and years of dept . The mainstream media BBC just do not report any of these things , to busy keeping us comatose , by telling us all about the next series of "Strictly come dancing "

Planet ponzi is great, but ever so scary also ...Buy it you will not regret it. excellent .
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