Feierstein holds fast with his theme of referring to the ongoing financial crisis as a giant Ponzi scheme, detailing 'how politicians and bankers stole your future’. The book is divided into four sections. The first points its finger and reveals the inadequacy of Washington; Part Two, looks at Wall Street’s role and the third part looks at the wider world, detailing 'the rise and rise of Planet Ponzi’. Part Four, is worryingly slim but encouragingly entitled Solutions.
One of the best books I've come across, conjugating economic science and everyday language, discussing otherwise intricate matters with a very sharp sense of humor. A very in-depth and accurate study of past and present choices of our Administrations that have led to today economic state of most of so-called developed countries. It explains in a very informal language, yet very solidly based, why and how our countries are facing the threat of default.
