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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... investors, and we urge you to speak with a financial professional and carefully review any pertinent disclosures before implementing any investment strategy. In addition to being the President, Peter Schiff is also a registered ...
... investors around the world reacted perversely to a collapsing American financial system. Like horses running back into a burning barn, they dumped commodities and foreign stocks and poured funds into U.S. dollars and U.S. Treasury ...
... investors could capture currency gains, capital gains, and rising dividends as the dollar weakened and foreign economies revived. In the second quarter of 2009 the markets behaved as I predicted. By the summer, with Crash Proof 2.0 on ...
... investors the world over would run toward the exploding financial time bomb that has Wall Street and Washington as its twin epicenters. It never occurred to me that yields on U.S. Treasury debt could sink to all-time lows as the U.S. ...
... investors seek safety in assets that inspire confidence. But inspiration can change. A look at the last three market corrections of 15 percent or more reveals some important clues. Between January 2, 2009, and March 6, 2009, the S&P 500 ...
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 |