The human race created money and finance. But our inventions re-create us. Mankind mistook money—a lubricant of society and human well-being—for an end in itself. Finance; the monetary shadow of real things; came to dominate human reality. Extreme ...
Money tells the story of how this happened—and; in so doing; it tells the story of the modern world.
Bestselling author Satyajit Das draws on 33 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 even 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.
Fantastic book on those who are interested in how traders make money by taking advantage of innocent, ignorant, desperate clients. Over the years, investment banks constantly create structured products to help troubled clients prolong theFantastic book on those who are interested in how traders make money by taking advantage of innocent, ignorant, desperate clients. Over the years, investment banks constantly create structured products to help troubled clients prolong the inevitable financial loss, without warning them the real risks. Although these products become increasingly complex, the principle is the same - package securities with embedded options, giving the client a false feeling they have purchased a high yielding, safe financial product. The book gives good and practical examples. Very funny too. Highly recommended, especially those who are being sold such products!...Continua Nascondi