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By: Michael J Panzner
Michael J. Panzner deals with all aspects of the nation’s current financial situation. This informative book gives clear financial advice for everyone who wants to these current and impending economic difficulties.
It was this book that predicted the current economic crisis—and it is this book that will explain what happens next. Learn about current economic threats and promises that will go unfulfilled. Discover in detail the implications of the present situation including aspects such as interest rate cuts and widespread public and private debt. “Financial Armageddon” exposes how we got to this economic situation, identifies the most pressing risks today, and advises what we can do to survive the crisis. Everyone must understand this in order to protect themselves and their economic well-being.
Financial Armageddon outlines the way the unraveling economy will affect us, when to sell, what to buy and where to invest, and the social, political, and geopolitical consequences that come from widespread political upheaval.
Panzner’s book is organized into four parts:
Part One: Threats: Panzner begins by confronting factors that have and will increase our national debt. He addresses the “live for today” mentality of borrowing and extravagance that caused this nation’s overwhelming debt. He explains government strategies in finances—why they use the tactics they use, and the implications of these tactics.
In addition to explaining debt, this first section exposes the threats of the retirement system, government guarantees, and changes in derivatives. (A derivative is a security whose price is dependent upon or derived from underlying assets such as stock or bonds.)
Part Two: Risks: Panzner reveals current risks such as economic depression, and excessive inflation, and the overall crisis of the economic system.
Part Three: Fallout: Part three is titled “Fallout,” which is an effect or outcome. In this section, four types of outcomes are predicted as results of the threats and risks. This section explains the economic, financial, social, and geopolitical outcomes that will occur.
Part Four: Defenses: Part four, Defenses, is everything you need to know in order to survive the current and impending crisis. Panzner covers how to plan, where to invest, relationships to build, and an overall lifestyle to attain.
Panzner is a 25 year veteran of the global financial market. He has worked in New York and London for HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase. He is a New York Institute of Finance faculty member. He is the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes and The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World. He is also a New York Institute of Finance faculty member and a graduate of Columbia University. Panzner has appeared on or been quoted by CNBC, Bloomberg, The Wall Street Journal, USA Today, Barron's and other print, radio, and television outlets.
"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." -- Richard Daughty, the Mogambo Guru
"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." -- James Howard Kunstler, author, The Long Emergency
"Panzner is one of the few people I know who can deal with day-to-day Wall Street action and yet have a big picture perspective-a picture he paints in Financial Armageddon as one that should terrify us." -- Bill Cara, BillCara.com (Forbes Favorite, 2006)
"The definitive work on our economic future. Read it now or dwell on the consequences later." -- Bruce Stratton, SafeHaven.com
"Timely, accessible....Readers who follow Panzner's advice will be among the few who successfully weather the storm ahead." -- John Rubino, co-author, The Coming Collapse of the Dollar and How to Profit from It
An informative work with much food for thought and excellent advice in preparing for the coming financial storm. -- Bull Not bull!, March 5, 2007.
Product Details Paperback: 256 pages Publisher: Kaplan Publishing; Rev Upd edition (May 6, 2008) Language: English ISBN-10: 1427797412 ISBN-13: 978-1427797414
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