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Extreme Money

The Masters Of The Universe And The Cult Of Risk

Extreme Money by Satyajit Das
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The bestselling author of Traders, Guns & Money on how money and finance enslaved the world. Once, we built things useful things. Now, we construct immense financial structures from thin air and lies. We have crafted a colossal worldwide financial machine that makes a few individuals staggeringly wealthy and sacrifices everyone else at its altar of risk. Bestselling author Satyajit Das draws on over thirty years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, ponzi prosperity, sophistication and wealth while endangering the jobs, possessions and futures of virtually everyone outside the financial industry. You'll learn how everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value. Das shows how 'extreme money' has become ever more unreal; how 'voodoo banking' continues to generate massive phony profits even now; and how a new generation of 'Masters of the Universe' has come to dominate the world. Epic in its scope, EXTREME MONEY reveals how we have all become slaves to our own illusory, unsustainable creation: global finance. '...virtually in a category of its own part history, part book of financial quotations, part cautionary tale, part textbook. It contains some of the clearest charts about risk transfer you will find anywhere. ...Others have laid out the dire consequences of financialisation ('the conversion of everything into monetary form', in Das's phrase), but few have done it with a wider or more entertaining range of references...[Extreme Money] does... reach an important, if worrying, conclusion: financialisation may be too deep-rooted to be torn out. As Das puts it characteristically borrowing a line from a movie, Inception 'the hardest virus to kill is an idea.'Andrew Hill 'Eclectic Guide to the Excesses of the Crisis' Financial Times (17 August 2011) 'a powerful bookhighly readable and informativeAnyone who decodes the ratings of the three major agencies so amusingly CCC means 'Russian roulette with five bullets in the chamber' and D means 'scrape your brains off the wall and place in a plastic bag'- demands to be read.'Lindsay Tanner, former Australian Minister of Finance in The Monthly 'A true insider's devastating analysis of the financial alchemy of the last thirty years and its destructive consequences.'Nouriel Roubini, Professor of Economics at NYC Stern School of Business and Chairman of Roubini Global Economics Extreme Money was selected as one of Bloomberg's Best Business Books of 2011.
Penguin Books Ltd; August 2011
496 pages; ISBN 9780857962799
Read online, or download in secure EPUB
Title: Extreme Money
Author: Satyajit Das
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SATYAJIT DAS: Talks Financial Repression and "The Age of Stagnation" - Gold Seek
Fri, 13 May 2016 09:28:41 -0700
Gold SeekSATYAJIT DAS: Talks Financial Repression and "The Age of Stagnation"Gold SeekMr. Das is the author of a ...
Crash Course Part 3: The Age of Stagnation? - EconoMonitor (blog)
Wed, 14 Sep 2016 02:59:20 -0700
EconoMonitor (blog)Crash Course Part 3: The Age of Stagnation?EconoMonitor (blog)The first is the Lazarus economy, where the ...
You're not as rich as you think you are - The Sydney Morning Herald
Thu, 22 Sep 2016 20:39:41 -0700
The Sydney Morning HeraldYou're not as rich as you think you areThe Sydney Morning HeraldSatyajit Das is a former ...
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