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Financial Armageddon: Protecting Your Future from Four Impending Catastrophes
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Financial Armageddon: Protecting Your Future from Four Impending Catastrophes

3.24 of 5 stars 3.24  ·  rating details  ·  34 ratings  ·  9 reviews
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 horiz
...more
Hardcover, 256 pages
Published March 1st 2007 by Kaplan Publishing (first published 2007)
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David
In this edition of Financial Armageddon (FA), Panzer has added a Foreword in which he points out that all of the first stages of the FA have already occurred. And he's right, they have. The subprime mortgages have and are falling out. Inflationary monetary policies have begun.

I believe in preparing for the worst while hoping for the best. If we're in store for bad times, I'd like to be at least somewhat prepared.

The majority of the book is a frighteningly realistic foretelling of the destructio...more
Rob
I read this book because of my interest in getting started investing and the current tumultuous state of the market. The book is very alarmist and the author's predictions dire to the point of apocalyptic. He predicts a complete meltdown of the nation's economy and discusses in detail the portending signs.

I gained a greater understanding of current stock market and financial machinations through this book, and several of his key "warning signs" of his predicted economic meltdown are currently u...more
John
More than likely, Americans will be confronted by an unfamiliar and frightening array of legal, financial, and security restrictions, including lock downs, curfews, interments, capital and exchange controls, and even marshal law. Those who wish to survive the coming financial Armageddon will have little choice but to adjust as soon as possible to a world far removed from days gone by.
But with the cult of consumerism crumbling, the economy in a tailspin, the nation's financial system being consum...more
Jon
While I think this guy is right in saying that bad things are coming, I can't imagine how he can be a financial expert and expert sociologist. Additionally, I think he over states the end state of this downturn. The best of the book is the beginning where he dissects derivatives, the rest of it is vague and self contradicting. Basically, you need to understand that if unless you have a lot money with which to own your property outright and have cash on hand to live off of, you're screwed. For th...more
Bud Hewlett
This is still a great book even though it was written back before the current financial crisis. Panzner was able to predict the collapse of Sept 18 2008. Government policies have only made things worse and their is more trouble coming.
Eric Macauley
You'll need a stiff drink when you're done with this one, what with the impending doom and all. Heavy handed on the pessimism, but certainly not off base with the current times.
F47r
This is a good book for someone who really want to know about how and why global financial crisis started and how we face it!!...
Michael
Considering this book was written a year before the subprime collapse, the author pretty much nailed it...
Michelle Greenwood
...yes he did nail the issues, though his sense of the ultimate outcome has proven to be alarmist.
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Michael J. Panzner is a 25-year veteran of the global financial markets who has worked for such leading companies as HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase.

He is the author of When Giants Fall: An Economic Roadmap for the End of the American Era, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, and The New Laws of the Stock Market Jungle: An...more
More about Michael J. Panzner...
When Giants Fall: An Economic Roadmap for the End of the American Era Modern Central Banking: Simplified The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World

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