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 manipulaton 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.
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