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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... happen. However my convictions have never been stronger that real economic catastrophe is an event of the future, not of the past. I was certainly not the only person to have warned about a general economic slowdown after years of ...
... happen. When I published Crash Proof 2.0 in mid-2009, more than two years after the collapse of Bear Stearns, the business and investment shelves of bookstores had become filled with titles analyzing the calamities of the previous two ...
... happened in 2009, 2010, and 2011. As a result, Americans can still borrow money at the lowest rates in our history. Foreign exporters are still willing to sell goods to Americans on credit, and the dollar has held a good deal of its ...
... happen, but a summary of something that actually did happen. It was written more than 40 years ago in reference to 1920s America. The writer was a young economist by the name of Alan Greenspan. xxi (The article was “Gold and Economic ...
... . 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 8:59:18 AM 8/5/09 8:59:18 AM The Slippery Slope: Consumers, Not Producers.
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 |