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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... Debt Problem How to Survive and Thrive, Step 1: Rethinking Your Stock Portfolio v 1 33 63 91 129 159 199 237 9 How to Survive and Thrive, Step 2: Gold Rush— ftoc.indd v ftoc.indd v 9/23/11 9:51:24AM 9/23/11 9:51:24AM.
... debt, deficits, dollar debasement, and stagnation. I was ignored almost as completely as I was in 2007. Most believed then, and continue to believe now, that the economic collapse had ended. I believe that we have merely seen the events ...
... debt could sink to all-time lows as the U.S. government added more than $1.5 trillion of new debt every year and spectacularly failed to deal with our long-term fiscal imbalances. It never occurred to me that consumer prices would stay ...
... debt. At the same time, the non-productive sectors of the economy—government, health care, and education—have grown, while the productive sectors—man- ufacturing, resource development, and agriculture—have contracted. An activist ...
... debt. Now entire governments need bailouts. This is new territory for the world economy. For now, creditor nations ... debt problems abroad are temporarily overshadowing the larger sovereign debt problem looming here at home. As with 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 |