| Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, Revised and Updated Edition | 
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Avg. Customer Rating:   (based on 30 reviews)
Sales Rank: 8957
Category: Book
Author: Michael J. Panzner
Publisher: Kaplan Publishing
Studio: Kaplan Publishing
Manufacturer: Kaplan Publishing
Label: Kaplan Publishing
Media: Paperback
Edition: Rev Upd
Number Of Items: 1
Pages: 256
Shipping Weight (lbs): 0.8
Dimensions (in): 8.8 x 6 x 0.8
ISBN: 1427797412
Dewey Decimal Number: 330
EAN: 9781427797414
ASIN: 1427797412
Publication Date: May 6, 2008
Availability: Usually ships in 1-2 business days
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Product Description
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 usWhen to sell, what to buy, and where to invest as the crisis unfoldsThe 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.
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| Customer Reviews: Read 25 more reviews...
Awakening June 29, 2008
Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, Revised and Updated Edition
Excellent book for giving you an idea of how things might happen. Roving bands of mercinaries, Etc. Etc. Not to sound like a Pollyanna here but I think you left out the part where we downsize to the community/Township size & take care of our own. Yes, the government can & probably will have control of the money..But it's their's to start with isn't it? We the people are the ones who give it value. I enjoyed the book, gained some insight from it, and will incorporate some of the measures. If what you want is solution for Mr. Panzer's future, I suggest you get busy reading the foxfire series (A Serious course in "Self-Reliance")
 Lots of repeating statements about the collapse, no real solutions. Don't waste your time! June 27, 2008
1 out of 1 found this review helpful
The book was predominantly boring while I was waiting for actual news, something to learn. A lot of the ideas were repeating throughout the book just rephrased.
I couldn't wait to get to the "solutions" part. But when I got to it - what a disappointment! Advice like "buy insurance", "watch for deals that are too good to be true", "don't trust this or that guy, check this web site for his background", etc. were all obvious suggestions and sound like grandma's advice: "don't talk to strangers" type of statements.
This book is a complete waste of time. Even though author touched on some of the problems the economy has it could be put together in 10 pages. The other 174 pages are garbage.
 Scary!!! June 20, 2008
Michael Panzer gives us a look at what potentially could be the future of this country due to outlandish spending, reckless regulation, and faulty speculative markets, i.e., Credit Default Swaps. He imagines a scenario where there is complete and utter chaos in the streets, little or no money, famine, rampant disease, and pretty much everybody fending for themselves and their families. He suggests that the best way to protect yourself is to make yourself liquid and do lots of research on your employer so that you make sure you keep your job (But if you know you will lose it, it is best to plan ahead for future events). As for networking, he merely suggests that you keep close connections with your family, friends, and neighbors because they will be there to protect you when danger lurks. The government will not be reliable due to its bankrupt state. I'd like to think something like this would never happen in this country but these are realistic and plausible situations that do not really seem far fetched- the dollar is tanking, oil is increasing in price, threats of war in Iran, loss of confidence in the United States, and general inflation throughout the entire economy. This is quite worrisome. Part of me wishes I did not read this book but part of me as well thinks it is a good idea to plan ahead and prepare for the worst. Highly recommended if you do not want to live in a fantasy land.
totally unbacked arguments June 17, 2008
1 out of 2 found this review helpful
This book is very disappointing. The first couple of pages have very strong arguments which make a good starting point, but then, it all sinks into a nightmarish "mad max" scenario with no arguments and not even trying to convince the reader. People will do this, and Fed will do that and then this and then that.
Worse even is the fact that some of the ideas go in direct opposition of some of the others.
I think the author tried to pass a simple message, the point of view of which I share, but more than that, he tried to monetize the message as much and as quickly as possible, making this book a pile of scary stories for adults but nothing more.
No bang for your buck June 10, 2008
2 out of 4 found this review helpful
Despite a title that promises you help in protecting yourself during a financial meltdown, this book provides only a few very general solutions that seem laughable after reading the rest of the book.
The majority of the chapters take a look at the various arenas that will be affected by a financial crisis (I use "will" because the author writes as if some crisis is inevitable), and that part of the book is somewhat interesting. However, the solutions he proposes at the end of the book are unintentionally hilarious. One of the author's suggestions is "networking." In a society where crime is rampant due to woefully underfunded police departments, banks are failing on a daily basis and hyper-inflation makes the US Zimbabwe or post-WWI Germany, knowing people will help? Quite honestly, if the author's predictions were to come true and nearly 50% of the US is unemployed, somehow I don't think that merely networking is going to help you if your bank has failed and either FDIC or the US government as a whole is unable to step in and help.
About the only useful suggestion the author had in the book was to recognize when inflation gets out of hand and then spend your money as fast as possible on durable goods to retain some measure of purchasing power. After that, I guess your only option is to have some 1980's survivalist camp ready with a huge supply of canned goods.
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