Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
by Peter D. Schiff, John Downes
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Book Summary Information
Author: John Downes, Peter D. SchiffEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2007-02-26
ISBN: 0470043601
Number of pages: 288
Publisher: Wiley
Product features:
- ISBN13: 9780470043608
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
- Click here to view our Condition Guide and Shipping Prices
Book Reviews of Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
Book Review: Must know inormation about the coming dollar collapse
Summary: 4 Stars
Peter Schiff has been on many of the financial shows. He usually gets shunned as being too pessimistic and they usually attempt to marginalize the man. In fact, this book was written about mid 2006 and the forecast collapse of the dollar is in progress today (Nov 1, 09). He offers evidence that casts clear doubt upon the government economic figures by explaining how they are derived and for what purpose they are manipulated. Schiff then goes on to offer how to build one's portfolio to defend, preserve, and create a good account.
In part, it is an attempt to steer you to his company, Euro Pac, which is his brokerage for foreign investments. But one can clearly use this advice to modify your investments through your existing brokerage, IRA, 401(K), etc. Or they can be contacted and contracted for specific advice. This book will scare the heck out of you. I am as loyal to our country as anybody, but this economy is in for a very serious melt down and this book will explain why it is happening and what you can do about it to protect yourself.
Good luck to all of us.
jc
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Summary of Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
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.
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