Mitch Feierstein is a British-American investor, banker and writer. He has worked as a columnist for the Daily Mail and currently works as a columnist for The Independent and the Huffington Post. Feierstein appears regularly as a financial commentator on SKY, BBC, and RT. In 2012 he published his first book, Planet Ponzi, which gives his perspective of the global credit crisis.
Getting to know Mitch Feierstein:
- How do you spend your days?
In addition to acting as an advisor to several family offices I am a Managing Director at Storia Inc. a multi-media platform created to change the paradigm in digital content creation, delivery and consumption. Storia will leverage the generational shift away from traditional media to 'mobile and video first'.
- What in your answer to Q1 is especially important to you and why?
It is important to make an impact that can positively influence change.
The west has lost its way, capitalism and free markets have been bulldozed by the interests of .001% of the USA’s gargantuan Military Industrial Complex. Add in a dash of 'narrative designed to move forward specific political agendas', a controlled media, owned by six mega corporations and a cabal of reckless misguided academic central bankers - you have the perfect recipe for either:
1) The worst global economic depression in history, or
2) Civil war, as the left’s political repression of speech, thought and conduct has become 'nazism of the left,' which will end badly, or
3.) World war.
- What drove you to focus on finance & investment? Was there a particular moment you can remember that led you to this field?
Yes. When I was in college I was fascinated by everything 'Wall Street'. I was drawn in by the action and went to work in World Trade Center, Tower I in the very early 1980’s. OUCH.
- What drives you professionally?
Every day presents a different set of challenges.
- In your opinion what are the three biggest problems facing the developed and developing world?
1) Non-elected out-of-control rouge central bankers acting as risky, highly leveraged speculative hedge funds – picking market winners and losers.
2) Non-elected politicians in Brussels that want to strip EU citizens of sovereignty, liberty and democracy.
3) Extremism by the left: A 'social-justice' movement designed to end conservative thought. It seems like totalitarianism because it is. The left are only tolerant, accepting, inclusive if you agree with their opinions – when you disagree they become intolerant, violent fascists.
- If you hadn’t become an investor what would you have done?
Played golf on the PGA tour.
- If you look at recent history, can you identify a turning-point that explains how we come to face the peculiar challenges of today?
It was the excesses of the 1980’s and 35+ years of failed neo-liberal thought and policies that began with bill Clinton and ended with Obama. In reality, this was plunder, (financial fraud), on a massive scale that saw wealth inequality ratios skyrocket.
It started with Larry Summers and Robert Rubin’s convincing Bill Clinton to scrap Glass-Steagall – this allowed securitisations and use of derivatives as speculative financial instruments or weapons of mass financial destruction that allowed creation of massive credit, leverage and debt.
- What are the lessons we failed to learn during and since the 2008 crisis?
Nothing learned – we have re-inflated the same bubbles only larger – no meaningful deleveraging and risk assets are now even more risky.
- Name one measure we might implement immediately to improve the situation.
Immediately stop the central banks madness.
- If you were a President / Prime Minister what would your first three pieces of policy be?
1) Audit, shudder the Federal Reserve Bank, deflate the bubbles and jail the financial terrorists.
2) Disband and dismantle the deep state and shadow government operatives working on behalf of the military industrial complex en mass.
3) Maintain sovereignty – secure the nation- ensure democracy- end the policy failures and restore growth.
- What was your biggest & / or your most recent mistake?
Biggest mistake: owning a huge position on Lehman options.
Most recent: assuming central banks would act rationally.
- Name the book that changed you.
Alexander Hamilton by Ron Chernow
- What would you do differently if you were to start all over again?
Nothing, no regrets I move forward!
- Give our readers, members and subscribers a piece of advice that has served you well.
Never invest in anything you don’t fully understand and never, ever believe that 'it is different this time'.
- What is your main anxiety where you and / or your family are concerned?
How the coming global financial collapse unfolds and will DC be stupid enough to allow WWIII.
- What gives you hope for humanity?
As we near our darkest hour, a ray of sunshine will brightly illuminate the process in which we may begin to rebuild our crippled, corrupt and broken financial and political systems from the ground up… The revolution is coming prepare now…