Crash Proof: How to Profit From the Coming Economic Collapse
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.
What people are saying - Write a review
LibraryThing ReviewUser Review - Benedict8 - LibraryThing
The problem with this book is that the author makes "hundreds" of predictions, promising that each one will follow the other. Well, it is hard enough to predict the next day in the stock market, and ... Read full review
LibraryThing ReviewUser Review - brett_in_nyc - LibraryThing
great great review of the inconsistencies in the financial reporting in this country. Energy, housing, lots of other things are not computed in the consumer price index because that would scare us ... Read full review
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