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 24
... trillion of new debt every year and spectacularly failed to deal with our long-term fiscal imbalances. It never ... trillions of dollars, and monetized the federal debt. But that's exactly what has happened in 2009, 2010, and 2011. As a ...
... trillion in funded debt ($50 trillion including unfunded obligations) and persistent budget deficits that add to that figure annually, is no longer creditworthy. It's not as though they are getting higher yields by investing here; our ...
... trillion more of us than we own of them.” To my knowledge, nobody has ever asked Warren Buffett, “If you're so smart, why ain't you rich?” If he and the aforementioned think there's a problem, it's pretty good confirmation that there is ...
... trillion. (Of course, when unfunded liabilities, such as Social Security obligations, are included, the real national debt exceeds $50 trillion, or over six times the official estimates). Had the past two decades been characterized by ...
... trillion. Such an abysmal economic performance is a national disaster of unparalleled proportions. Source: Reprinted by permission from David L. Tice and Associates (www.prudentbear.com). fast approaching a perfect storm scenario, with ...
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 |