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 84
... percent decline in national real estate prices would spark a wave of foreclosures, a collapse of the mortgage market, the demise and nationalization of Fannie and Freddie, widespread failures of banks and financial institutions, an ...
... percent. During that time, the U.S. dollar rallied by 9 percent and gold just under 8 percent. In contrast, foreign currencies sold off heavily, including a 7 percent drop for the vaunted Swiss franc. The next major correction in stocks ...
... percent oftotal, 1980– 2006. Due to insufficient domestic savings and profligate government spending, an increasing percentage of U.S. Treasury debt is now held abroad. We certainly do not “owe it to ourselves” anymore. Source ...
... percent to 35 percent, it would have been an economic boon for the serfs because they would have had 10 percent more work. Too bad the serfs didn't have economic advisers or central bankers to urge such progressive policies. Here's my ...
... percentage of Treasuries purchased by Asian nations, in particular Japan and China, represents the greatest international subsidy since the Marshall Plan, the main difference being that the United States intended its aid to be charity ...
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 |