Planet Ponzi

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As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets – and ultimately, an economic disaster which has dwarfed all others. Chancellor builds his policies on a Ponzi homes plan". Independent. 6 September 2013. Archived from the original on 2022-05-15 . Retrieved 24 November 2014. Anderson, Bruce (22 June 2013). "When an economist turns into a winemaker". The Spectator . Retrieved 28 January 2014.

Planet Ponzi: How the World Got Into This Mess, What Happens Planet Ponzi: How the World Got Into This Mess, What Happens

Feierstein worked for several broker dealers and banks on Wall Street in the 1980s and was a pioneer in liquidity of interest rate derivative products on Wall Street in the 1990s. He worked as Senior Portfolio Manager of the Cheyne Carbon Fund, part of one of the largest hedge-fund groups operating in Europe. He acts as a consultant for a number of governments in their disaster and contingency planning and has testified before the UK Parliament on regulation of carbon credits. He is CEO of the Glacier Environmental Fund. [4] He also part-owns a vineyard in Tuscany, Italy. [5] He lives in London and New York. Artists peddling their work as NFTs may or may not care about this brutal calculus. But it makes particular nonsense of art that claims to spur the viewer to some kind of ecological consciousness. Consider, for example, John Gerrard’s recent announcement of an NFT for his video piece Western Flag – according to Gerrard an artwork that, in “flying the flag of our own self-destruction”, asks us “to consider our role in the warming of the planet and simultaneous desertification of once fertile lands”. By choosing to release a Western Flag NFT, though, it’s as if Gerrard and his gallerists have scrawled this statement across the land in letters of crude oil a mile from tip to tip, and then set them on fire … a thousand times over. NFTs are one of the signature fads of this deeply odd late-pandemic moment. At the centre of all the buzz surrounding them is something exceedingly curious: a digital token, generated using a cryptographic protocol of the same sort that underwrites currencies such as bitcoin, certifying the uniqueness of some image or other digital file. Again, what’s being bought and sold on the NFT market isn’t the artwork itself, just a kind of pointer to it, with the buyer’s name inscribed upon it.Mitch Feierstein 1977 reaches out across the pond!". Hamden Hall Country Day School. 21 September 2011 . Retrieved 24 November 2014. Feierstein stood as a Brexit Party candidate in the 2019 UK General Election for the Reading East constituency. They came 5th with 1.5% of the vote. [ citation needed] Early life and education [ edit ] Mitchell B. Feierstein is a British-American investor, banker and writer. He has worked as a columnist for the Daily Mail and works as a columnist for The Independent and the Huffington Post. Feierstein appears regularly as a financial commentator on SKY, BBC and RT’s Keiser Report. In 2012 he published his first book, Planet Ponzi, which gives his perspective of the global credit crisis. Residents are fearful to go out after dark. The police are afraid to patrol, and violent crime, murder and looting are rampant, while businesses are collapsing. And war has already been declared on our values and culture.

Planet Ponzi About - Planet Ponzi

The financial system will never be trustworthy as long as any institution is 'Too Big To Fail” Heads I win, tails you bail me out: that's not capitalism, it's extortion. ”Berger, Hugo (16 March 2012). "Planet Ponzi: Gloomy economic predictions". The National . Retrieved 28 January 2014.