Planet Ponzi

`A Ponzi n. (pon-zee) scheme is a type of pyramid scheme - a fraud. Depositors are promised huge returns, but those returns are a mirage, paid out only as long as there is money coming in from new investors. As long as the scheme is expanding, everything looks fine - but you can't tell how bad a Ponzi scheme is by how you experience the ride. If's not the ride that matters, it's the way it ends. And it always ends badly.' Mitch Feierstein`Mitch Feierstein delivers his controversial views without fear or favour and tells the truths others are too terrified to voice or desperate to hide. 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 US House of Representatives, prosecutor and MD of Real Estate & Infrastructure Group at J.P. Morgan, 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
As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. This book tells you what's happened, what can happen next and how to protect yourself and your family.