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Book: "Financial Armageddon" by Panzer

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Book: "Financial Armageddon" by Panzer

Unread postby I_Like_Plants » Sat 28 Apr 2007, 23:39:34

Just borrowed it from the library today, the author's a regular contributer to financialsense.com etc. Pretty good book, some of the financial stuff is over my head but a lot of real-world stuff about how people really did act during the last great depression.
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Re: Financial Armageddon by Panzer

Unread postby RonMN » Sun 29 Apr 2007, 09:52:43

Thanks for the tip...I'm gonna check it out.

I've been reading up on TGD lately, using it to modify my prep's...alot of great info from that time period.
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Re: Financial Armageddon by Panzer

Unread postby DantesPeak » Sun 29 Apr 2007, 11:16:26

Does it discuss Peak Oil, energy, etc.? Doesn't seem so from the otherwise good reviews:

$this->bbcode_second_pass_quote('', 'J')ames Howard Kunstler, author, The Long Emergency
"An absorbing report on the gruesome inner workings of the Frankenstein Finance monster that is dragging the rest of our economy into a dark future."

Richard Daughty, the Mogambo Guru
"A Magnum Opus of the facts and figures of the astounding monetary and fiscal stupidities of the last decade; the incredible financial ignorance, intellectual sloth, and shameful gluttony of the public; and the despicable, pandemic corruptions that made it all possible."

Book Description

According to Michael Panzner, the US is less than two years away from "financial Armageddon." When the stock market bubble burst in March 2000, the collapse that followed wiped out over two-thirds of the value of the technology-laden Nasdaq Index and decimated the hopes and dreams of millions of Americans.

Now, imagine not one, but four such disasters looming on the horizon. Four key elements--Debt, Derivatives, Government Guarantees, and the Retirement system--are quickly unraveling, and because they are so intricately connected, there will be an unremitting domino effect. With time running out, this is a disaster-in-the-making on which every American must be informed so they can protect themselves, their families, and their economic well-being before it's too late.


http://www.amazon.com/
It's already over, now it's just a matter of adjusting.
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