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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... Wealth xxi 1 2 3 4 5 6 7 8 The Slippery Slope: Consumers, Not Producers What Uncle Sam, the Mass Media, and Wall Street Don't Want You to Know For a Few Dollars More: Our Declining Currency Inflation Nation: The Federal Reserve Fallacy ...
... wealth and stunning blindness. To a chorus of laughter and derision I predicted how a 30 to 50 percent decline in national real estate prices would spark a wave of foreclosures, a collapse of the mortgage market, the demise and ...
... is in real trouble and how you can avoid loss and enjoy continued prosperity. INTRODUCTION America.com: The Delusion of Real Wealth When business in fpref.indd xix fpref.indd xix 9/22/11 9:41:42 AM 9/22/11 9:41:42 AM PREFACE xix.
... Wealth. When business in the United States underwent a mild contraction . . . the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. The “Fed” succeeded; . . . but it nearly ...
... wealth creation. Our impressive gross domestic product (GDP) growth, dominated as it is by consumption, is not a measure of how much wealth we have created but of how much we have destroyed (see Figure 1.1). The result: a trade deficit ...
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 |