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Crash Proof 2.0: How to Profit From the Economic Collapse
| Our Price |
$ 21.80
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| Retail Value |
$ 27.95 |
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| You Save |
$ 6.15 (22%) |
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| Item Number |
1498064 |
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Item Description...
Overview
An update of the author's financial survival guide takes into account the dramatic economic shifts that are reshaping America and provides insights and information to help survive the current economic downturn.
Publishers Description
A fully updated follow-up to Peter Schiff's bestselling financial survival guide-Crash Proof, which described the U.S. economy as a house of cards on the verge of collapse The economic and monetary disaster which seasoned Wall Street 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 U.S. 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 America 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. - Discusses the measures you can take to protect yourself-as well as profit-during these difficult times
- Offers an insightful examination of the structural weaknesses underlying the economic meltdown
- Outlines a plan that will allow you to preserve wealth and protect the purchasing power of your savings
- Other titles by Schiff: Crash Proof and The Little Book of Bull Moves in Bear Markets
Filled with in-depth insights and expert advice, Crash Proof 2.0 will help you survive and thrive during the coming years of economic uncertainty. |
Item Specifications...
Pages 364
Dimensions: Length: 1.5" Width: 6.25" Height: 9.25"
Weight: 1.32 lbs.
Binding Hardcover
Release Date Sep 22, 2009
ISBN 047047453X
EAN 9780470474532
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Availability 5 units.
Availability accurate as of May 30, 2012 04:28.
Usually ships within one to two business days from Momence, IL.
Orders shipping to an address other than a confirmed Credit Card / Paypal Billing address may incur and additional processing delay.
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Reviews - What do our customers think?
 | More documentation, please Jan 1, 2010 |
Crash Proof is a rather frightening and, if correct, important book. I am a fan of Austrian economics and I followed and agreed with many of Schiff's points in the book. I intend to take much of his financial advice to heart.
However, there were several things in the book that could use improvement. I would have liked more detailed documentation of many of the facts Schiff presented. For example, Schiff states repeatedly that we have replaced "high-paying manufacturing" jobs with "low-paying service sector" jobs. I don't know how much of that is generalization and how much can be supported with hard data. Schiff uses too many generalizations and his analogies are not always on target. Also, Schiff's fixation with manufacturing as the basis of a healthy economy seems oddly protectionistic. No other classical or Austrian economist I have read has expressed such a concern.
As I read, for the most part I could give Schiff the benefit of the doubt. He didn't explain things as well as I would have liked, but I usually understood what he meant. Most other economists of this school will tell you that trade deficits are self-correcting. As other trading nations accumulate dollars and ship us goods, the value of the dollar with respect to other currencies will fall, causing their goods to become more expensive, and our goods to become cheaper to them. One of Schiff's theses is that this hasn't been happening because our trading partners have been using the dollars to buy up our debt instead of the relatively few trade goods we have to sell to them. Eventually, this must stop, then we will see a huge devaluation of the dollar. Will it happen? We will see.
I for one am convinced that there is a huge bubble in the US dollar. Whether it is due to huge trade deficits, unbridled consumer debt, or the trillion dollar debt happy US congress, we are inflating our currency. It's like a crack addict trying to break the habit by increasing the amount and frequency of his fixes.
PG
| | |  | Great Book - Poor Price Dec 31, 2009 |
| With so many reviews already explaining this book, all I can add is that Peter Schiff is one of only a few people who tell it like it is. I checked out his book at the library and then purchased it at this site. This edition wasn't at overstock dot com when I looked and it is now. Buy this book for a better price by signing up at ebates dot com first before clicking on overstock dot com for a 4% cash back on this book. | | | | The best 20 bucks I've ever spent - Literally Dec 26, 2009 |
If you want to know what to do with your money and the REAL reason everything has happened with the stock market over the past decade this book explains it all.
I've tried to read other finance books but they are boring and the reader often is trying to sell you on something or on his name. This author is writing this book to help people realize what's going on and how to save their money and how they can make money as well.
He speaks so much of the truth that it actually makes the book funny. It makes for an easy read about economics. There is a lot of information, but he writes the book in a way that it's easy to understand. A 12 year old with no knowledge about economics on finance could understand more than 90% of the people in the U.S after reading this book.
I majored in finance/economics in college and learned more from this book then I did from my finance professors at college. I wish I were joking but I'm not. My college was 25K a year too, lol.
I started to google the author to see if he was legit and went to his website. He broadcasts free radio shows every Wednesday. He saves the archived radio shows on his website [...]. I went back and listened to one of his radio shows from 2006 and he actually predicted on the show live that General Motors would go bankrupt along with most all of the financial companies. He also predicted that Fannie Mae and Freedie Mac would go bankrupt. Since finding out about him I listen to his radio shows every week and learn more about the stock market and what to do with my money.
I used to lose my money in the stock market and make stupid mistakes, since reading his book and listening to him weekly i've actually been making money. It's literally the best 20 bucks i've ever spent.
Good Luck to you all out there. | | |  | Important perspective for investors Dec 20, 2009 |
"In effect, the U.S. government has committed the American public to the mother of all adjustable-rate mortgages." What a great line about what the government is doing with our debt right now.
Peter Schiff is a very smart guy. I've seen him on numerous TV appearances and listen to his podcast often - he is very consistent and quick. The book is well done and easy to read. It's written for the general public, so its high-level doesn't contain a lot of supporting detail (unfortunately).
Schiff's basic premise is that the U.S. doesn't produce much anymore, and is borrowing from the world to live, mostly from Asia. He believes we will face severe inflation, and a dramatically falling dollar. It wouldn't be a good idea to discount what he says - Schiff had his original book out before the 2007 melt down, and was in the press many times, predicting most of the problems that happened. You can easily find videos on youtube of him warning of the impending real estate and market crisis.
Schiff's solution to the problem was and still is buying dividend-paying foreign stocks, mostly China, gold and natural resource stocks. His portfolios during the 2008 meltdown are reported to be have been down 40-70%. No doubt they've recovered significantly if not completely at this point (November, 2009). My problem with his position is that he says foreign markets are "the most conservative place for your money right now." Schiff's proven to be right so far about his macro view of what is happening in the world, but I don't think most people wouldn't call a 40-70% loss representative of a conservative portfolio.
In the long run, I think Schiff may be right about inflation and the dollar. The problem is, its not likely to play out exactly as he predicts so an investor should be careful about taking his investment recommendations lock, stock and barrel. Nonetheless, I highly recommend the book. | | | | Crash Proof 2.0 Dec 16, 2009 |
| Crash Proof is a must read if you are an American taxpayer, and/or you have investments in the U.S. stock market. | | | Write your own review about Crash Proof 2.0: How to Profit From the Economic Collapse
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