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Crash Proof 2.0: How to Profit From the Economic Collapse Paperback – November 8, 2011
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From the Back Cover
"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, read this book."
—Glenn Beck, host, The Glenn Beck Program
"The dot-com implosion proves that we all need Peter Schiff's vision of investing. His view is so global and so unique in its approach, and at a time when we all should be looking to crash-proof our portfolios, Schiff offers us this much-needed life-raft."
—Liz Claman, anchor, Fox Business Network
"For those accustomed to America's economic dominance, Crash Proof is a frighteningly forthright wake-up call. But Peter Schiff is one Cassandra whose voice deserves your rapt attention. Devoid of the usual Wall Street spin, this frank and prophetic read will make you reconsider the very foundations on which your financial house is built."
—Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC and Fox News Channel analyst
"Schiff does an outstanding job of outlining the dangers to individual investors of the current economic environment and presents a plausible plan about how to deal with the risks."
—David W. Tice, Chief Portfolio Manager, Prudent Bear Funds
"A sober assessment of the financial problems facing our country. Reading this book will prepare you for potential outcomes that Wall Street and the mainstream financial media are completely unaware of."
—Bill Fleckenstein, founder and President of Fleckenstein Capital and MSN.com Money columnist
Schiff Discusses the Latest Worldwide Financial Crises
The economic and monetary disaster, which seasoned Wall Street prognosticator Peter Schiff warned of in the bestselling first edition of Crash Proof is no longer hypothetical—it is here today. And while most people believe that the economic collapse is over, the reality is that it has only just begun. That's why he's returned with Crash Proof 2.0—Providing everything you need to protect your money.
About the Author
John Downes is coauthor of the bestselling Dictionary of Finance and Investment Terms, Barron's Finance and Investment Handbook, and Beating the Dow. He lives in Poughquag, New York.
More About the Author
Top Customer Reviews
The likes of Schiff, Ron Paul, Nouriel Roubini, the Agora Group and others not only continue to make a great deal of sense but time is showing a growing crisis. This book has been updated to reflect many of the changes which have taken place since the writing of the first book plus added fairly substantial amounts of new research/content of interest.
The content is reader friendly, easy to understand and conversational in style. A brief history and overview is provided for those new to the discussion while those with more familiarity will still appreciate the updated statistics etc... Data is provided to support assertions including a few charts etc but are helpful not complex. Schiff provides a very solid explanation on where he stands with inflation and why including his definition of inflation. For those more versed in the ongoing debate - inflation vs deflation remains a sticking point among many investors.Read more ›
Just remember that this book was written in 2006/2007 and the 2009 updates are at the end of each chapter.
This country may have gone past the point of no return. I don't know and pray not. But, if there is any hope, I think it will be because people like Peter Schiff understand and speak the truth and get through to our leaders. But that will be a tough job. Most of them don't want to deal with the truth.
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.Read more ›
Most Recent Customer Reviews
Very good book and get other view for the economic situation . Very helpful book . I like it .Published 5 days ago by Amazon Customer
Peter Schiff is amusing selling his snake oil.
Basically tries to scare you in to spending money on his books.
I learned nothing.
This book makes perfect sense. Peter Schiff's investment firm in foreign stocks did not do so well if you google it. In fact some people lost over 50% of their money. Read morePublished 6 months ago by Linda Lakatosh
Schiff's basic principles and calls for action are solid. The political rhetoric is unnecessary and detracts from his otherwise solid advice.Published 9 months ago by slingersue
very good book,peter schiff gives good advice. well worth the money.Published 9 months ago by warren merkitch