Welcome to Planet Ponzi. by Mitch Feierstein about 6 months 2 weeks ago. You know that scene in Mr. Smith Goes to Washington? The one where the good guy . by Mitch Feierstein about 1 year 9 months ago. In the same week that Goldman Sachs predicted Tesla stock to drop by nearly 50%, Elon Musk has promised to. Book details Author: Feierstein B. Mitch Pages: pages Publisher: Glacier USA LLC Language: English ISBN ISBN [PDF] Leading Teams: Setting the Stage for Great Performances Download by - [PDF] Poop Coloring Book: Something to.
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Planet Ponzi. How politicians and bankers "stole your future. What happens next. How you can survive. Mitch Feierstein. [TAM PRESS. LONDON • TORONTO. Planet Ponzi: How the World Got Into This Mess, What Happens Next, How to Save Yourself [Mitch Feierstein] on terney.info *FREE* shipping on qualifying . Mitch Feierstein is a British-American investor, banker and writer. He has worked as a on SKY, BBC, and RT's Keiser Report. In he published his first book, Planet Ponzi, which gives his perspective of the global credit crisis. Print/export . Create a book · Download as PDF · Download as PDF · Printable version.
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The greater the weight of speculative and Ponzi finance, the smaller the overall margins of safety in the economy and the greater the fragility of the financial structure.
He announced an arbitrage business that would buy postal reply coupons in Italy and exchange them for stamps in the U. He attracted investors by promising extraordinarily high returns—50 percent within 45 days.
But instead of investing the money to buy the coupons and exchange them for stamps, he simply used the money of later investors to pay high returns to earlier investors, extracting huge profits along the way. Such frauds have been known as Ponzi schemes ever since.
The biggest, however, is still ongoing: the Ponzi scheme of the developed economies. It may seem harsh or exaggerated to liken the current troubles of the developed economies to a Ponzi scheme.
I'm not a dooms day advocate but this took clearly explains that we have no options left that won't be painful. Mar 28, Erik van Berkum rated it really liked it Very nice and catchy written, easy to read.
Great book with some very simple capitalist solutions in the end.
Enormous amount of data to support his points. Lessons learned Too big to fail too big to exist.
No more bail outs only bankruptcies please. Set up it alternatively you decide! Accomplish you look to draw Planet Ponzi book?
Is that this consider power the customers result? Of process yes.
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