Arguably this is fine sort-of if you are paying/investing in ridding the world of a crazy, ruthless dictator, and once you have gotten rid of him then installing a group of nice, sensitive, intelligent people who aren't greedy, and want to leave the world in a better state than they found it.

Planet Ponzi Blog - Planet Ponzi

On the desk was what Beal described to me as a “holy-shit amount of money”: cliffs of cash so tall that people sitting on opposite sides wouldn’t have been able to see each other. Maybe that’s Fernstein’s intention – people need to be scared into taking action over the mess we’re in, if anger and disgust aren’t enough to do it. In chasing the wrong target, in the wrong way, Mr Osborne has shown where his priorities really lie: the good of his party, not the good of his country. The world is under attack from a well-organised and well-funded group of anarchists who have launched an ideological cultural revolution to further globalism. S. attorneys in July 2019, and his agreement to plead guilty, all but gave the government its other targets.

But another fear may have been stronger: Running would destroy the fantasy that had turned him from local screwup into local hotshot.

Planet Ponzi - Planet Ponzi Planet Ponzi - Planet Ponzi

This article is part of the Atlantic Planet series supported by the HHMI Department of Science Education. This past September, the SEC filed a civil lawsuit charging Lauer, DC Solar’s general counsel, with securities fraud. The Eurozone crisis and the LIBOR manipulation 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"--Publisher. By the time I read this book (4yrs after publication) much of the future projections were already known. Although he predicts that an entire economic collapse is the only outcome, he is positive that capitalism can only be fixed following it's complete breakdown.He doesn't seem to address the issue of wealth transfer from west to east (see Marazzi's wonderful although at times almost impenetrable "The Violence of Financial Capitalism").

Planet Ponzi: How the World Got Into This Mess, What Happens Planet Ponzi: How the World Got Into This Mess, What Happens

Fernstein is relentless in his pessimism when he looks to the future (despite his continual protesting that he is actually an optimist). I don't think the guy knows much about politics - but as a hedge fund manager he does understand the market. I hope you enjoyed my five-minute introduction and welcome you to join me in my mission to bring the latest economic and geopolitical updates to light through my Substack articles and future podcasts. At the time of writing this review, the bank is still 62% owned by the taxpayer, which means: "[It] doesn't just pay tax, it's owned by us all.Feierstein was born in New York City, and educated at Hamden Hall Country Day School in Hamden, Connecticut.