Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) [ILLUSTRATED] (Hardcover)

by Peter D. Schiff (Author), John Downes (Author)

Textbook Details
* Hardcover: 288 pages
* Publisher: Wiley; illustrated edition edition (February 26, 2007)
* Language: English
* ISBN-10: 0470043601
* ISBN-13: 978-0470043608
* Dimensions: 9.1 x 6.2 x 1.1 inches
* Shipping Weight: 1.1 pounds
* Rating:

Textbook Description
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.

Crash Proof Review
The systems going to fail and no one can do anything about it. This is Schiff’s view and he is 100% correct. Move you funds into gold and foreign stocks. Buy and read this book if you want to survive the next few years.

What an Eye Opener! This book is like the ‘reality glasses’ of John Carpenter movie ‘They Live’! It’s hard to imagine that this book has been published in February 2007! What a foresight! Peter Schiff, following the Austrian School of Economics theory, is absolutely right in his analysis, judgment and predictions. It’s amazing that he has been constantly mocked in the media – you can find it in YouTube – and even dubbed ‘Dr. Doom’. You should know the truth and you should be prepared to navigate through the difficult times ahead. I only wish I would have read it sooner.

A part of his book I really found interesting was where Mr Schiff talks about cargo ships coming from China to America full of goods and going back empty. Excellent point to think about for those of you who’ve been under the assumption that China needs us. Schiff was talking about this stuff 2 years ago, and now its just starting to come out how china’s starting to consumer their own goods, and even consume higher quality goods that they didn’t have access to before because they were shipped to the united states. This book is packed with things that have already played out, which he was ridiculed for even suggesting when he wrote the book. There is also plenty of things he’s just early on, and you’d do yourself a disservice to not listen to his ideas, whether you agree or not. He gives an excellent blue print for the Macro future of the United States and global economy.

You do not need an economics or even a business degree to understand. Large font, diagrams, really easy read. Why listen to those clowns on TV who’ve been telling you to buy stocks since the decline started, why not read a book from the man that forecasted all this. Go to Youtube and google Peter Schiff if your not familiar with him, and if you are familiar, this is must read for not only a good explanation of how we got to this point, but also for what is to come.