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
Results 1-5 of 76
... Stock Market Chaos They Burst Bubbles, Don't They?: The Coming Real Estate Debacle Come On In, the Water's Fine: Our Consumer Debt Problem How to Survive and Thrive, Step 1: Rethinking Your Stock Portfolio v 1 33 63 91 129 159 199 237 9 ...
... stock market—triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in breaking the boom. But it was too late: . . . the speculative imbalances had ...
... stock market bubble into a housing and consumer spending bubble of unprecedented proportions. According to Greenspan, the Great Depression of the 1930s resulted from the unwinding of the speculative imbalances caused by the excess ...
... stocks in the 1990s. Just as stock market analysts believed then that traditional measures of valuation such as earnings, cash flow, dividend yield, price to sales, price to book, internal rate of return, and return on equity no longer ...
... equity loans on a market as vulnerable as it was demographically irresistible. With personal expectations now ... stock values or home equity might simply be the result of inflationary bubbles created by an irresponsible Federal Reserve ...
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 |