Crash Proof: How to Profit From the Coming Economic Collapse (Google eBook)

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John Wiley & Sons, Dec 15, 2010 - Business & Economics - 288 pages
13 Reviews
The economic tipping point for the United States is no longer theoretical. It is a reality today. The country has gone from the world's largest creditor to its greatest debtor; the value of the dollar is sinking; domestic manufacturing is winding down - and these trends don't seem to be slowing. Peter Schiff casts a sharp, clear-sighted eye on these factors and explains what the possible effects may be and how investors can protect themselves. For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients reposition their portfolios to reflect his outlook. What he sees is a nation facing an economic storm brought on by growing federal, personal, and corporate debt, too-little savings, a declining dollar, and lack of domestic manufacturing.
Crash-Proof is an informed and informative warning of a looming period marked by sizeable tax hikes, loss of retirement benefits, double digit inflation, even - as happened recently in Argentina - the possible collapse of the middle class. However, Schiff does have a survival plan that can provide the protection that readers will need in the coming years.
  

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Peter Schiff gives you a no nonsense approach as to how the current US economy's direction is heading to. The author also suggest what the best investments will be to protect ourselves from impending economic collapse.
Although I do not fully agree the real gloom and doom scenario as predicted in the book. Due to experience i have living in a third world country the dollar collapse will force people to live in what we call a lower standard of living.
Gold or metals are still subject to the whims of Law of Supply and demand, now on which currency the commodity will be traded we shall know in ten years. The shift in economic balance is now shifting to Asia
 

User Review - Flag as inappropriate

Yes. Peter Schiff predicted the sub-prime crisis in 2006. But he is NOT the only one. Soros predicted in 2003.
When Schiff talked about gold, he didn't mentioned IMF as the largest holder. Peter Schiff is good, but not a master like Soros.

Contents

The Slippery Slope Consumers Not Producers
1
What Uncle Sam the Mass Media and Wall Street Dont Want You to Know
25
For a Few Dollars More Our Declining Currency
47
Inflation Nation The Federal Reserve Fallacy
67
My Kingdom for a Buyer Stock Market Chaos
95
They Burst Bubbles Dont They? The Coming Real Estate Debacle
115
Come On In the Waters Fine Our Consumer Debt Problem
143
How to Survive and Thrive Step 1 Rethinking Your Stock Portfolio
173
How to Survive and Thrive Step 2 Gold RushBe the First Person on Your Block to Stake a Claim
209
How to Survive and Thrive Step 3 Stay Liquid
237
Epilogue
255
Books for Further Reading
261
Glossary
263
Index
267
Copyright

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About the author (2010)

PETER D. SCHIFF is a seasoned Wall Street prognosticator best known for his accurate predictions of the performance of the stock market, commodities, gold, and the dollar. He began his career at Shearson Lehman and joined Euro Pacific Capital (a broker-dealer with expertise in foreign markets and securities) in 1996, becoming President of the firm in 2000. Schiff is often quoted in major publications?such as?the Wall Street Journal, Barron's, the Financial Times, the New York Times, and the Christian Science Monitor.

A frequent guest on television, he appears regularly on CNBC, Bloomberg, and FOX News, edits the Global Investor, an investment newsletter, and hosts a weekly radio program Wall Street Unspun. His economic and market commentaries are featured on many investment-oriented Web sites as well as on www.europac.net. CNBC's Squawk Box has nicknamed Schiff "Dr. Doom" for his uniquely bearish outlook on the U.S. economy and its financial markets.

JOHN DOWNES is coauthor of the bestselling Dictionary of Finance and Investment Terms, Barron's Finance and Investment Handbook, and Beating the Dow. He lives in Palisades New York.

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