Word: erdman
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...Crash of '79, Erdman...
Serious students of Middle Eastern affairs dismiss Erdman's scenario as wildly improbable, but his book is still being bought by many people who do not ordinarily purchase thrillers. Known readers include many of the corporate executives who attended the Time Inc. Energy Conference in Williamsburg, Va.; Saudi Arabian Minister of Industry and Electricity Ghazi Al-Qusaibi ("I thought it was fun reading, but I certainly don't take it seriously"); and some diplomats at the Iranian embassy in Washington. The book is banned in Iran itself, but Western visitors keep being asked by Iranian friends to bring...
...Erdman comes to his subject with the sure hand of one who knows, from the inside, what lurks in the hearts of financial razzle-dazzle artists. A graduate of Georgetown University's School of Foreign service, he picked up a Ph.D. in economics from the University of Basel in 1957, then landed a job doing long-range forecasting for the Stanford Research Institute. Later he became a V.P. for a Bermuda-based investment company, then a co-founder of a small Swiss bank. The bank flourished, was subsequently bought out by United California Bank, and Erdman found himself wheeling...
Financial Flicks. Erdman's cell was comfortable enough: a room in a former Basel monastery where the authorities allowed him .to order dinner and wines sent in from nearby restaurants. But, not knowing how long he would stay, Erdman started writing a novel about gold speculators. Says he: "I had just come off the excitement of international banking and I was full of theories. Primarily, I was convinced the world was facing the first cataclysmic financial events since World War II, a massive increase in the price of gold and devaluation of the dollar." The book, The Billion Dollar...
...full-time writer, Erdman divides his time between his magnificent redwood contemporary home overlooking San Francisco Bay and a 40-acre ranch in Sonoma. He is well along on his fourth novel about "international corporate bribery"-which seemingly would not find a market if The Crash of '79 actually occurs. Erdman happily admits that it probably will not; he wrote the book, he says, primarily for enjoyment and secondarily "to alert people to what could happen." The hell of it is, nobody can say his doomsday scenario is flat-out impossible...