Crash Proof: How to Profit From the Coming Economic Collapse

Front Cover
John Wiley & Sons, Dec 15, 2010 - Business & Economics - 288 pages
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 Review

User 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 Review

User 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


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

Other editions - View all

Common terms and phrases

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 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.

Bibliographic information