Extreme Money: The Masters of the Universe and the Cult of Risk

ISBN-13: 9780273723974 / Angielski / Miękka / 2011 / 540 str.

Satyajit Das

Opis

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. 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. Extreme Money is about: The new financial fundamentalism: false gods, false prophets - Faith in money, faith in risk, faith in shadows The cult of risk and the growth engine that isn't - How financial engineering replaced real engineering and illusions replaced reality Financial alchemy and the "Doomsday Debt Machine"- The rise of the global financial machine we cannot escape The new global oligarchy - and the nihilistic games they play - Too smart, too fast, too greedy, too self-absorbed - and far too dangerous

O autorze

Satyajit Das is an international specialist in the area of financial derivatives, risk management and capital markets. Since 1994, he has been a consultant to financial institutions and corporations on derivatives and financial products and risk management issues. Between 1988 and 1994, Das was the Treasurer of the TNT Group, an Australian based international transport and logistics company with responsibility for the Global Treasury function, including liquidity management, corporate finance, funding/ capital markets and financial risk management. Between 1977 and 1987, he worked in banking with the Commonwealth Bank of Australia, Citicorp Investment Bank and Merrill Lynch Capital Markets specializing in capital markets and risk management / derivative products.