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Hardcover Crash Proof: How to Profit from the Coming Economic Collapse Book

ISBN: 0470043601

ISBN13: 9780470043608

Crash-Proof: How to Profit From the Coming Economic Collapse

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Format: Hardcover

Condition: Very Good

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Book Overview

The economic tipping point for the United States is no longer theoretical. It is a reality today. The country has gone from the world's largest creditor to its greatest debtor; the value of the dollar is sinking; domestic manufacturing is winding down - and these trends don't seem to be slowing. Peter Schiff casts a sharp, clear-sighted eye on these factors and explains what the possible effects may be and how investors can protect themselves. For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients reposition their portfolios to reflect his outlook. What he sees is a nation facing an economic storm brought on by growing federal, personal, and corporate debt, too-little savings, a declining dollar, and lack of domestic manufacturing. Crash-Proof is an informed and informative warning of a looming period marked by sizeable tax hikes, loss of retirement benefits, double digit inflation, even - as happened recently in Argentina - the possible collapse of the middle class. However, Schiff does have a survival plan that can provide the protection that readers will need in the coming years.

Customer Reviews

5 customer ratings | 5 reviews

Rated 5 stars
Excellent macroeconomics refresher, solid advice for pessimists

I read this book around early summer after hearing about it on a financial webcast I stumbled accross. Thank heavens I did. I read the author's explanations of what has happened and what will and I have to say that it makes sense to me. I had macroeconomics 25 years ago and barely paid attention but after reading this it all came back to me. Schiff doesn't just preach gloom and doom. He lays out a good case for his predictions...

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Rated 5 stars
Act Now or Suffer Later

I enjoyed this book even though I was previously aware of its economic arguments and suggestions for portfolio allocations. Mr. Schiff is passionate and sincere and that tone comes across in the book. For that, thank the excellent John Downes who has co-written several other good business books. Many other reveiwers here discuss the contents of the book so I won't go there. I worked as a bullion dealer in the 1970's so...

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Rated 5 stars
good contribution

I thought I had already done a review on this book but I don't see it as I scroll down, so here goes. I have been reading several books by the "sound money" faction of economists, and I find this book to be a fine contribution. The one point he made that was brand new to me was the assertion that the United States is not serving as a means for China to bootstrap its way to prosperity, but, rather, is an albatross around...

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Rated 5 stars
Gets right to the point in language just about anyone can understand.

For the past two years I have been aghast at the insanity of the American economy, as exemplified by the "housing bubble". Time after time the "experts" have said "there is nothing to worry about", "we have bottomed", "this won't spread", but they have been wrong, time and time again. What would you expect Ben Bernanke or Hank Paulson to say, "We think it's time to RUN! RUN!". No, they just keep trying to pretend everything...

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Rated 5 stars
From a FinancialSense.com listener...

Peter Schiff, son of American patriot Irwin Schiff, has written a very useful book that can not only assist you to take the concrete steps necessary for financial survival, but also change your individual psychology toward the storm on the horizon that is rapidly gathering strength. Today, we have the illusion of prosperity, and the sooner we break through that delusional state, the sooner we can prepare for darker days. ...

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