Financial Armageddon: Protecting Your Future from Four Impending Catastrophes

Financial Armageddon: Protecting Your Future from Four Impending Catastrophes
by Michael J. Panzner

Financial Armageddon: Protecting Your Future from Four Impending Catastrophes
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Book Summary Information

Author: Michael J. Panzner
Edition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2007-03-06
ISBN: 141959608X
Number of pages: 240
Publisher: Kaplan Business

Book Reviews of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes

Book Review: Superficial
Summary: 1 Stars

I seldom buy financial books because most of them are simply print "scams". I bought this one because of the reviews and a recommendation by someone, and Mr Panzner's credentials. He certainly has the background to write a meaningful book on the subject. However, I was stunned at how extraordinarily superficial the book was, and thus felt compelled to write a review. The book takes some similar events in history and paints a potentially very scary future. And that future may come to pass, but you've got almost 200 pages of extrapolating those historical events into the future and very little else. Seems little more than an attempt to sensationalize and commercialize what "can" and possibly will happen. There is little digging into what precipated some of the events, and the "advice" offered is really pathetic. The fact that this got such high ratings is either a testimony to how many friends he has in the industry or how ill informed and poorly read our society is. The one thing for sure is that there was indeed a wealth transfer that occured here: my wallet to his. But other than that, there is absolutely no reason to purchase this book. Given his credentials, I would have thought he would have been mildly embarrassed to pen this. He could undoubtedly do better.
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Summary of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes

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.

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