Save Big On Open-Box & Preowned: Buy "The Real Crash” from Amazon Warehouse Deals and save 69% off the $25.99 list price. Product is eligible for Amazon's 30-day returns policy and Prime or FREE Shipping. See all Open-Box & Preowned offers from Amazon Warehouse Deals.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
The Real Crash Hardcover – May 22, 2012
|New from||Used from|
Top 20 lists in Books
View the top 20 best sellers of all time, the most reviewed books of all time and some of our editors' favorite picks. Learn more
Customers Who Bought This Item Also Bought
Special Offers and Product Promotions
“Peter Schiff sounded the alarm about the housing bubble created by the Federal Reserve and predicted the bubble's inevitable collapse, yet he was ignored by mainstream economists and ridiculed by the media. In The Real Crash he is at it again, illustrating how the financial crisis of 2008 is nothing compared to what is coming down the road. Peter Schiff is right again. I hope more people listen this time.” ―Ron Paul; Congressman (TX-14) and three time Presidential Candidate
“Peter Schiff's new book "The Real Crash; America's Coming Bankruptcy" is written in the same blunt and punchy style that makes him a favorite guest on my Fox News show. It's not just what he says, but the fact that he lives what he says. Unlike Some authors who talk about business as spectators, Peter doesn't speak from the ivory tower of academia or from the comfort of an anchor chair. He runs a real business and fights every day to make it a success in spite of all the government's tax and regulatory policies.” ―Mike Huckabee; Host of The Huckabee Show and former Arkansas Governor and Presidential Candidate
“America's political leaders should have taken Peter's 2007 book, Crash Proof, to heart before they tried to borrow, print and bail us out of trouble. Today, they -- along with all Americans -- absolutely must take heed of The Real Crash. Peter Schiff understands the marketplace, and he understands the consequences that occur when government attempts to manage that marketplace. Pay attention, America!” ―Gary Johnson, Former governor of New Mexico and presidential candidate
“In ‘The Real Crash,' the fearless Peter Schiff has written the most compelling argument against central economic planning and debt-financed consumption to come along since our present woes were exacerbated in 2008. His explanations of how unfettered free choices will produce prosperity, and how ending the Federal Reserve, abolishing the IRS, and returning to the gold standard will tame the federal beast are among the most forceful and cogent I have seen. He even explains how anyone can prosper from government stupidity in these perilous times. And he does all this in a breezy and readable format.” ―Judge Andrew P. Napolitano, Senior Judicial Analyst, Fox News
“Peter Schiff is an original thinker, a man of startling insight and honesty, in many ways, a genius. I have learned that you disagree with him at your peril. He is one of the few men of finance of whom I wish I could say I had paid more attention to. Live and learn. Read and learn.” ―Ben Stein; author, actor, political and economic commentator
“Peter Schiff says the Fed's bubble machine is destroying the American economy and he is right. Zero interest rates and QE are crushing savers, rewarding speculators and enabling the Washington politicians to issue endless debt. Every concerned citizen should read this.” ―David Stockman; Former OMB director under President Ronald Reagan
“Peter Schiff has been painfully right about the downward spiral of the U.S. economy over the last four years. Easy money, rising tax rates, and unbridled debt are a prescription for economic disaster. Let's hope Barack Obama reads this.” ―Stephen Moore, Economist and Fox News commentator
“While many of us have justifiably focused on how high taxes are economically corrosive, Peter Schiff does a great job of explaining why government spending and debt are even worse. As we continue grappling with the monster of a runaway federal government, this book is one of the best assets conservatives can turn to in making the case for fiscal responsibility and capitalism.” ―Grover Glenn Norquist; President of Americans for Tax Reform
“Peter Schiff was one of the few pundits who predicted correctly the 2008 economic and financial collapse. Now, he makes a compelling case in a highly readable book that the day will come when the world stops trusting the dollar and the ability of the US government to pay its debts. I agree with him that 'Then we'll get the real crash'.” ―Marc Faber; Editor, The Gloom Boom & Doom Report
“You need to know his case whether he is right or not if you are going to be prepared for this decade.” ―Jim Rogers; Investor and Bestselling Author of "A Gift to My Children" and "Investment Biker"
About the Author
PETER D. SCHIFF is an American investment broker, author, and financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate seat from Connecticut. He frequently appears as a guest on CNBC and Fox News, and is the host of the radio show and podcast The Peter Schiff Show.He is the author of the New York Times bestselling Crash Proof and Crash Proof 2.0, as well as The Little Book of Bull Moves in Bear Markets, which was also a Business Week bestseller.
Amazon's editors selected this title as a Best Book of the Month in business & leadership. See our current Editors' Picks.
More About the Author
Top Customer Reviews
The main argument: Since the housing and financial crash of 2008, America's recovery has been tepid at best. Unemployment has remained high; manufacturing has not returned; personal savings are as low as they've ever been, and personal debt as high; housing is still a mess, and banking not much better; and, to top it all off, government debt is awe-inspiring and seems completely insoluble. According to financial investor, commentator and author Peter Schiff, while all of this is certainly disheartening, it should not come as much of a surprise. Indeed, Schiff argues that all of this economic slumping is a natural result of America's misguided economic policies; including especially the Federal Reserve's manipulation of interest rates, the government's uncontrollable borrowing, and, in connection with this, the maintaining (and even expansion) of unsustainable social programs . For Schiff, these same policies led directly to the crash of '08 (which he correctly and very famously predicted), and are leading the U.S. directly into an even worse crash now. In his new book `The Real Crash: America's Coming Bankruptcy--how to Save Yourself and Your Country' Schiff outlines how America got itself into this mess in the first place, what the end game is likely to be, and what the nation and its citizens should do to make the coming unpleasantness the least unpleasant as possible.Read more ›
The reason for that is that there is a single chapter (out of 28!) where he discusses how to protect your wealth from this new crash, and even that is pretty generic.
Mostly the book is his political beliefs in why we need restructuring of our money and system. I agree with most of that. However, I have read the majority of this before in not just one, but THREE other Schiff books! It's a rehash for cash, apparently, timed to take advantage of the economy and markets souring this summer.
Anyone who listens to his web radio program has already heard virtually all of this. But the title and subtitle are very misleading. It is not mostly about the crash, and it is virtually not at all about "how to save yourself", other than the suggestion perhaps to vote for Ron Paul or others like him.
Peter has already won many over. For the vast majority of readers they fit that description, making the book fairly pointless. Unfortunately he is less interested in nuts/bolts investing advice these days than the politics surrounding the issue.
Not a worthless purchase, but for me it was a big disappointment.
That doesn't mean he is completely right in his predictions, of course, but it certainly makes him worth listening to. He does a nice job in this book of providing examples of how a free-market system would not have allowed such enormous errors to build up unchecked (bad ideas fail eventually if there is no other force to prop them up). His solutions are very logical and need to be closely examined, especially by anyone who thinks the government can change reality by legislating it away.
However, I think the likelihood of his solutions being implemented are small: simply because they include acknowledging living through a few years of pain. Politicians that recognize reality won't stay in office, so our pain is coming in a more sudden and violent way (violent meaning figuratively, not necessarily literally).
Therefore I would have liked to have seen more in-depth discussion of personal investment protection. Particularly, I would like to hear him comment on how the situation might be different if China is not in as good of condition as he thinks they are. I'm guessing that weaknesses in China would change the inflation expectation, but wish Peter would have commented on this.
Most Recent Customer Reviews
It's a great book. I also recommend doing Mike Stathis' America's Financial Apocalypse and His Wall Street Investment Bible. Read morePublished 16 days ago by Schiff
100% 100% Peter Schiff is LYING TO YOU AND KNOWS IT!!!!! Go to the top of You Tube and type, """1988, Ron Paul talks about American power structure, the Fed, Trilateral... Read morePublished 1 month ago by Audra Riccitelli
I remember getting in an argument on Facebook about the inevitable default of the USG. This was years ago. Read morePublished 1 month ago by G. Long
Peter Schiff has an absolutely dismal track record as a financial forecaster, matched only by Harry Dent. Read morePublished 1 month ago by Rufus T. Firefly
Well I really don't "Love it", that is I liked the book but didn't like the prospect of a economic crash. Read morePublished 2 months ago by Robert Harris