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This review is from: The Real Crash: America's Coming Bankruptcy---How to Save Yourself and Your Country (Hardcover)
I've completed reading The Real Crash and am WOW'd. This book gives some brief background as to how the U.S. got into this financial mess (for much more historic detail check out Crash Proof by Schiff), but most importantly, Peter hits on all of the major financial issues that exist in our country today, and he offers the simplistic suggestions for reform to fix our path. From education to health care, Peter writes in his easy to understand, and analogy-packed style, about how we can alter this destructive path we are on. In his usual honesty, Peter admits there is no win win here, but we can certainly guide ourselves towards a softer landing with a quicker, healthier recovery. I suggest this book for anyone that wants to learn about economics in general, or wants to learn about the real causes and effects behind present and past goverment policies.
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Showing 1-4 of 4 posts in this discussion
Initial post: May 29, 2012 1:13:41 AM PDT
This book is great! I know it is less of a manifesto on how to save your self from financial collapse, but Schiff has already written books on that subject. Most people who see history through an Austrian lense understand that massive debt and fiat currency favor certain asset classes, i.e. gold and silver, etc. And a lot of good stuff has been written on how to position yourself to avoid financial calamity in the years to come. What I like about this book is that it provides concise points of action to save our country. Having a hord of gold in a collapsed financial system maybe better than having no gold in a collapsed financial system, but wouldn't you rather have a healthy financial system with all the benifits it would entail for our country? A country with a broken financial system is a broken country, and everyone suffers for it as value creation is slowed to a trickle. As a country we need the pantheon of toxic ideas and bone-headed assumptions our leaders operate under to be flushed out of the minds of regular Americans as well as Wall Street and Washington types. This book, by and large, seems to be written with that purpose in mind. There is a battle of ideas going on in the U.S. right now that will be paramount to our future stability and prosperity. It is not over religion, equality, or immigration. It is over how we collectively as a nation come to understand what is best for our economic prosperity. I think Peter has made a strong case for the free market with this book and I know I will recomend it to everyone I am able.
In reply to an earlier post on May 30, 2012 4:27:47 PM PDT
Peter D. Schiff says:
Great comment. it would make an even better review. Why not just post it in its entirety as a stand -alone review? More people might read it that way.
Posted on Aug 4, 2012 6:14:04 PM PDT
If you enjoy this book you should also check out Flexon Vale. The author creatively combines the Galleon scandal with Penn State in a story that foreshadows the massive inflation that will soon be upon us as a result of endless QE.
In reply to an earlier post on Jan 28, 2014 7:17:57 AM PST
W.L. H. says:
It's a year and a half later. Please tell me where you see the inflation? In Europe where the Austrians have been pushing this argument since 2008?
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