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Extreme Money

Extreme Money

Masters of the Universe and the Cult of Risk

Satyajit Das
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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. In so doing; it also tells the story of the modern world. Bestselling author Satyajit Das draws on thirty-three 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.

Imprint: India Portfolio

Published: Oct/2011

ISBN: 9780670086085

Length : 536 Pages

MRP : ₹699.00

Extreme Money

Masters of the Universe and the Cult of Risk

Satyajit Das

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. In so doing; it also tells the story of the modern world. Bestselling author Satyajit Das draws on thirty-three 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.

Buying Options
Paperback / Hardback
Ebooks

Satyajit Das

Satyajit Das is an internationally respected expert in finance, with over thirty years of experience. He has worked for banks such as Citicorp Investment Bank and Merrill Lynch and acted as a consultant, advising banks, investors, corporations and central banks throughout the world.

He appears regularly in the media in the US, Canada, UK, Australian, New Zealand, India and South Africa.

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