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

3.66 (414 ratings by Goodreads)

English

By (author): Satyajit Das

The human race created money and finance. But our inventions re-create us. Mankind mistook moneya lubricant of society and human well-beingfor an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happenedand, 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 wealthwhile 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 isnt - 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 oligarchyand the nihilistic games they play - Too smart, too fast, too greedy, too self-absorbedand far too dangerous

 

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Original price €26.50
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Product Details
  • Weight: 800g
  • Dimensions: 156 x 234mm
  • Publication Date: 02 Sep 2011
  • Publisher: Pearson Education Limited
  • Publication City/Country: United Kingdom
  • Language: English
  • ISBN13: 9780273723974

About Satyajit Das

Satyajit Das is an internationally respected expert in finance with 33 years experience. He has worked for the sell side (Citicorp Investment Bank and Merrill Lynch) the buy side (as Treasurer of the TNT Group) and as a consultant advising banks investors corporations and central banks worldwide. Das is the author of many highly regarded standard reference books on derivatives and risk management. In 2006 he published the international bestseller Traders Guns & Money an extraordinary insiders account of the world of derivatives trading. In Traders and in a series of speeches in 2006 entitled - The Coming Credit Crash Das anticipated many of the problems that became apparent in the financial crisis and are still affecting the global economy. He was recently featured in Charles Fergusons 2010 Oscar®-winning documentary Inside Job and the 2009 BBC documentary Tricks with Risk.

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