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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... assets that had high liquidity; America's trading partners were instinctively inclined to prop up their best customer and continued buying American debt regardless of its diminishing creditworthiness; and the dollar was falsely ...
... assets that inspire confidence. But inspiration can change. A look at the last three market corrections of 15 ... asset of choice.” These trends gained momentum in 2011. The worst carnage of the year (thus far) came between April 29 and ...
... assets, one account can be viewed as the flip side of the other. A country, like the United States, that is a net ... asset, say a Treasury bond, was purchased by a foreign central banker. But selling a bond doesn't make us richer; it ...
... asset values. He confuses consumption with growth and credits high competitive yields with attracting foreign investment, when we know major foreign markets outperform ours substantially when exchange rates are factored in. His view of ...
... assets are going to collapse in value and your standard of living will be painfully lowered. I can't pinpoint the date this will happen—the 1 1 government has been successful in hiding the problem and buying c01.indd 1 c01.indd 1 8/5/09 ...
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 |