Author(s): Satyajit Das
Extreme money is money made endless, capable of infinite multiplication, completely unreal. It changed everything, individual life, business, even countries. At the heart of this new economy, voodoo banking increases bankers' profits. The Masters of the Universe and their cult of risk dominate economies and lives. The human race created money and the finance economy. Somewhere thereafter, it recreated us and not always for the better. Mankind mistook money, a lubricant of society and the economy, for an end in itself. Finance became eviscerated reality - the monetary shadow of real things. Extreme Money is that story. It is also essentially the story of the modern world.
Satyajit Das is an internationally respected expert in finance with over thirty 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 account of the world of derivatives trading. In Traders, Guns & Money and a series of speeches delivered at the time, 'The Coming Credit Crash', he provided a highly prescient insight into the structure and risk of the world financial system exposing the problems that subsequently became apparent. Das was recently featured in Charles Ferguson's 2010 Academy Award-winning documentary Inside Job and the 2009 BBC documentary Tricks with Risk.