Planet Ponzi

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This very important work should be required reading for anyone involved in the investment world and particularly those who would be involved in a regulatory role. Maybe that's Feierstein's intention - people need to be scared into taking action over the mess we're in, if anger and disgust aren't enough to do it. In Italy, we saw how Silvio Berlusconi, one of the political world’s greatest idiots, presented an ‘austerity budget’ to Italy’s Parliament which made him personally €750 million richer. It was a damning allegation, but audit reports are confidential, leaving other investors in the dark. That way, you could roll them into your barn or garage when you were away—or hitch them to your truck to take with you.

Planet Ponzi - by Mitch Feierstein - Substack Introduction To Planet Ponzi - by Mitch Feierstein - Substack

But her son was always a storyteller, she told me, prone to embellishment “to make people feel sorry for him or laugh. According to court filings, the employee discovered the circular payments and confronted Carpoff and Lauer, DC Solar’s general counsel. Around September 2015, Carpoff approached his vice president of operations, Ryan Guidry, a Louisianan who’d had a long career as a bartender before marketing what an associate said were subprime loans in the lead-up to the 2008 mortgage crisis. When I consider what has happened in the financial community since the first run on Northern Rock, I am just aghast that we, Joe Public, are not down in the City tearing down the blocks of the banks in the way that the people tore down the Berlin Wall when Communism fell.

He pitched his weed to a medical-marijuana dispensary in Santa Cruz, but was turned away after lab tests found his cannabis to be extremely low-grade—“full of chemicals and shit,” the dispensary’s founder told me. We are super-versed on, sort of, ideological theories … Our goal is to get Trump out of the White House. S. attorneys in July 2019, and his agreement to plead guilty, all but gave the government its other targets. We are recognized by the top people in government as being a go-to operator to help them get things done. In addition, the IRS found, Sherwin-Williams and Aaron Burr were so insulated from risk that they were ineligible for most or all of the tax credits—and subject to penalties.

Planet Ponzi - Planet Ponzi Planet Ponzi - Planet Ponzi

For those of us not involved in high finance, the combination of jargon and the size of the numbers involved is difficult to grasp. An idea took shape around June 2012, in a meeting Carpoff held with his accountant, Ronald Roach, and an individual, unnamed in court documents, who sources made clear was DC Solar’s general counsel, Ari Lauer. Though they deny any wrongdoing, Milder and Nixon Peabody agreed last year to pay the plaintiffs what court filings describe as a “substantial” undisclosed sum, a settlement larger than those paid, to date, by any of DC Solar’s other advisers.In Planet Ponzi, Feierstein explains clearly the background to the world's worst financial crisis for seventy years, predicts the next steps in this infinitely dangerous game and offers practical advice on measures which you personally can take to protect yourself and your family. Even assuming that all the claims regarding offsets prove to be true, Gerrard’s announcement created buzz, credibility and, crucially, validation – and therefore underwrote the market for other NFTs, the overwhelming majority of which were not offset or buffered, either by regenerate.

Planet Ponzi - Penguin Books UK

But Carpoff was an illusionist: It mattered less whether people were in actual danger—or on the brink of great wealth—than that they believed themselves to be. Regardless of your stance on Carlson's opinions, we agree that censorship equates to fascist suppression. I bought this book because I was interested in finding out why he's standing as the Brexit Party candidate for Reading East. All of which makes Mars House, like all NFTs, an infinite zero, and a perfect representation of the meaningless churn so much of our economy is based on.I was quite shocked at the amount the USA pays for healthcare, bearing in mind it is a private system unlike our own NHS. As workers prepared for the inspection, a DC Solar sales executive named Brian Caffrey noticed that only the first, most visible rows of generators were fully assembled. Indulging in this kind of sophistry feels like reckless disregard for the planet, and depraved indifference to the damage being caused. At the time of writing this review, the bank is still 62% owned by the taxpayer, which means: "[It] doesn't just pay tax, it's owned by us all.