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.
|
From inside the book
Results 1-5 of 92
... U.S. economy. And while I'm not known primarily for modesty, I have to admit that the most dire predictions I made in that first edition have yet to happen. However my convictions have never been stronger that real economic catastrophe ...
... economy to veer from its full-employment path. Incredibly, Bernanke is still calling the economic shots. In mid-2008, investors around the world reacted perversely to a collapsing American financial system. Like horses running back into ...
... economies revived. In the second quarter of 2009 the markets behaved as I predicted. By the summer, with Crash Proof ... U.S. economy is essentially comatose. As I forecast two years ago, unemployment has stayed high, the work force has ...
... economy (as it has in Japan for more than 20 years), and encourage a stampede into gold, I did not properly reckon ... U.S. Treasury debt could sink to all-time lows as the U.S. government added more than $1.5 trillion of new debt every ...
... U.S. dollar rallied by 9 percent and gold just under 8 percent. In contrast ... economic pillars that should be healing are rotting instead. We should have repaired ... economy—government, health care, and education—have grown, while the ...
Contents
What Uncle Sam the Mass Media and Wall Street | 33 |
Our Declining Currency | 63 |
The Federal Reserve Fallacy | 91 |
Stock Market Chaos | 129 |
The Coming | 159 |
Our Consumer | 199 |
Rethinking | 237 |
Gold Rush | 283 |
Stay Liquid | 317 |
Epilogue | 339 |
Books for Further Reading | 345 |
Index | 353 |