Crash Proof 2.0: How to Profit From the Economic CollapseA fully updated follow-up to Peter Schiff's bestselling financial survival guide-Crash Proof, which described the economy as a house of cards on the verge of collapse, with over 80 pages of new material The economic and monetary disaster which seasoned prognosticator Peter Schiff predicted is no longer hypothetical-it is here today. And nobody understands what to do in this situation better than the man who saw it coming. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar. Crash Proof 2.0 picks up right where the first edition-a bestselling book that predicted the current market mayhem-left off. This timely guide takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to navigate the dangerous terrain. Throughout the book, Schiff explains the factors that will affect your future financial stability and offers a specific three step plan to battle the current economic downturn.
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From inside the book
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... exports — its trade deficit — would cause the dollar to collapse, forcing the American public to accept a drastically lower standard of living and years of painful sacrifice and reconstruction. Seven chapters would show the various ways ...
... exports, and a capital account, which nets investment flows between countries. Because dollars we send abroad in payment for goods and services are returned as investments in U.S. government securities and other assets, one account can ...
... exports grow with foreign economies, especially those of industrial countries. Though widely criticized as an imbalance, the trade deficit and related capital inflow reflect U.S. growth, not weakness — they link the younger, faster ...
... export activities, the United States was permitted to run trade deficits exempt from the free market forces that would otherwise have forced their adjustment. Thus we were spared the economic impact that a devaluation of the dollar ...
... exporting enough information technology to pay for the real goods that we import. The resulting trade deficits prove that our so-called information/service economy is in reality a sham. Another problem with an economy based primarily on ...
Contents
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How to Profit from the Economic Collapse Chapter 3 For a Few Dollars More Our Declining Currency | 63 |
How to Profit from the Economic Collapse Chapter 4 Inflation Nation The Federal Reserve Fallacy | 91 |
How to Profit from the Economic Collapse Chapter 5 My Kingdom for a Buyer Stock Market Chaos | 129 |
How to Profit from the Economic Collapse Chapter 6 They Burst Bubbles Dont They? The Coming Real Estate Debacle | 159 |
How to Profit from the Economic Collapse Chapter 7 Come On In the Waters Fine Our Consumer Debt Problem | 199 |
How to Profit from the Economic Collapse Chapter 8 How to Survive and Thrive Step 1 Rethinking Your Stock Portfolio | 237 |
How to Profit from the Economic Collapse Chapter 9 How to Survive and Thrive Step 2 Gold RushBe the First Person on Your Block to Stake a Claim | 283 |
How to Profit from the Economic Collapse Chapter 10 How to Survive and Thrive Step 3 Stay Liquid | 317 |
How to Profit from the Economic Collapse Epilogue | 341 |
How to Profit from the Economic Collapse Books for Further Reading | 349 |
How to Profit from the Economic Collapse Glossary | 353 |
How to Profit from the Economic Collapse Index | 357 |