From desperate interest rate cuts and chaos in global financial markets to the sub-prime mortgage crisis and a fast-crumbling tower of public and private debt, Wall Street insider Michael J. Panzner exposes the cracks in the dike, the looming economic threats, and the vast array of promises and obligations that will ultimately go unfulfilled. How did we get to this place, and how can we protect ourselves from the fallout? This revised and updated edition features a new introduction by the author on the predictions that have come to pass since the book was first published. It also provides a financial bomb shelter for every American by identifying the most pressing risks we face today as well as what we can do to survive the crisis: - How an unraveling economy will affect each one of us
- When to sell, what to buy, and where to invest as the crisis unfolds
- The social, political, and geopolitical fallout from widespread financial upheaval
Everyone must learn of the disaster-in-the-making so they can protect themselves, their families, and their economic well-being—before it's too late. Financial Armageddon is today’s call to action.
Author: Michael J. Panzner
Publisher: Kaplan Publishing
Customer Reviews
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Coould be Timely...
If you think that the perfect storm is total collapse of the economic system, this is your book. Probability of everything outlined in this book actually happening? Not very likely - but one should be cautious with how one structures one's affairs... So it was for me more of a checklist - not necessarily one of impending doom.
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Remarkably Prescient Book! A MUST READ!
We are in perilous times. Now (i.e., late September 2008), we all realize it. Several years ago, virtually alone, Panzner predicted (in great detail) exactly what has now actually come to pass over the last few years, and---perhaps much more importantly, he warned us exactly what is coming in the near future.
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<br />Several years ago, he was regarded as being "an alarmist"; now, we recognize that he was (and is) a PROPHET!
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<br />I believe we all should read this book very carefully, and use it to plan for our families' futures. Buy copies of this for your friends---they'll soon be very grateful that you did.
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All Americans should read, unfortunately most will not!
If you care about your family's future financial well being, this book is a must read. This is the second edition of the work, but Panzer made some predictions in the first edition, written a few years ago, that have come to pass alrady. While, I hope we never see the "armageddon" that Paznzer lays out, I do believe that we are poised for a massive recession or depression due to the recent credit and houing bubbles. Panzer lays out a series of events led by a weakening dollar, national trade budget shortfalls, and credit derivative misuse that could ultimately change the face of America and our current way of life. I would also recommend "The Demise of the Dollar" as a follow on read to this work.
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