Crash Proof: How to Profit From the Coming Economic Collapse

Front Cover
John Wiley & Sons, Dec 15, 2010 - Business & Economics - 288 pages
3 Reviews
The economic tipping point for the United States is no longertheoretical. It is a reality today. The country has gone from theworld's largest creditor to its greatest debtor; the value of thedollar is sinking; domestic manufacturing is winding down - andthese trends don't seem to be slowing. Peter Schiff casts a sharp,clear-sighted eye on these factors and explains what the possibleeffects may be and how investors can protect themselves. For morethan a decade, Schiff has not only observed the U.S. economy, butalso helped his clients reposition their portfolios to reflect hisoutlook. What he sees is a nation facing an economic storm broughton by growing federal, personal, and corporate debt, too-littlesavings, a declining dollar, and lack of domestic manufacturing.
Crash-Proof is an informed and informative warning of alooming period marked by sizeable tax hikes, loss of retirementbenefits, double digit inflation, even - as happened recently inArgentina - the possible collapse of the middle class. However,Schiff does have a survival plan that can provide the protectionthat 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

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

Other editions - View all

Common terms and phrases

About the author (2010)

PETER D. SCHIFF is a seasoned Wall Street prognosticatorbest known for his accurate predictions of the performance of thestock market, commodities, gold, and the dollar. He began hiscareer at Shearson Lehman and joined Euro Pacific Capital (abroker-dealer with expertise in foreign markets and securities) in1996, becoming President of the firm in 2000. Schiff is oftenquoted in major publications?such as?the Wall Street Journal,Barron's, the Financial Times, the New York Times, and theChristian Science Monitor.

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

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

Bibliographic information