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The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country Hardcover – April 8, 2014
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Peter D. Schiff
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Print length464 pages
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LanguageEnglish
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PublisherSt. Martin's Press
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Publication dateApril 8, 2014
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Dimensions6.39 x 1.53 x 9.56 inches
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ISBN-109781250046567
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ISBN-13978-1250046567
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Editorial Reviews
Review
“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.
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Product details
- ASIN : 1250046564
- Publisher : St. Martin's Press; Second Edition, Revised (April 8, 2014)
- Language : English
- Hardcover : 464 pages
- ISBN-10 : 9781250046567
- ISBN-13 : 978-1250046567
- Item Weight : 1.44 pounds
- Dimensions : 6.39 x 1.53 x 9.56 inches
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Best Sellers Rank:
#480,104 in Books (See Top 100 in Books)
- #721 in Political Economy
- #787 in Economic Policy
- #792 in Economic Policy & Development (Books)
- Customer Reviews:
Customer reviews
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
This book not only dives deep into the follies of over governmental regulation, but it also shows the proposed nationwide solutions and also methods for individuals to hedge or profit during the coming recession.
Schiff recommends for investors to go into precious metals and foreign stocks, and gives detailed information on why these will be good holdings even without a crisis situation
I definitely recommend this book for it’s huge insights into the importance of the free market, it is well backed up by real examples and statistics.
https://www.amazon.com/gp/product/1098020227/ref=ppx_yo_dt_b_asin_title_o02_s00?ie=UTF8&psc=1
When Mr. Schiff deviates from his subject matter expertise and makes larger generalizations based on speculation (as opposed to data), empirically driven readers may believe he looses some of his credibility in what is otherwise a book predominately driven by numbers.
There is also clearly an agenda of Mr. Schiff to educate the reader with an objective of having the audience consider investing assets in his financial management companies. There is nothing inappropriate about this; the informed reader should just recognize that ultimate objective, but it doesn't distract from the overall relevance of much of what Mr. Schiff cites as fundamental (and somewhat intractable) challenges. His proposed remedies, while intriguing, are predominately unrealistic.
Top reviews from other countries
It would be very easy (especially for a politician or professional economist) to dismiss this as the work of some free market evangelist, obsessed with making money and ending big government but to do so would be churlish. The points he makes are factually correct and the conclusions he draws are well reasoned.
The western world was pre eminent for approximately two centuries and now much of the power and wealth has already moved to China and the far east generally. However the USA and the EU still seem more than content to delude themselves that nothing of any great importance has really changed. Almost none of the so called experts predicted the financial crash of 2008, and sadly even fewer seem to understand the damage it has done to the western world's reputation for economic and financial competency.
Sadly most people in the western world do not seem to notice (or apparently care) that their standard of living has significantly deteriorated (debt now often being perceived as wealth) and how many of the thing we supposedly value like education are pale imitations of earlier systems.
Will his predictions be accurate? I do not know only time will tell. However, if you own property and/or shares and are likely to be relying on a state pensions and a national health service then you would be wise to consider many of the issues raised in this excellent book. As the old adage goes “Plan for the worst and hope for the best”.
He clearly educates anyone further about the issue and explains things that make even fellow dooms day predictors see things from a different angle. Upon completing this book most readers should truly understand why the economy is in such a dire position.
This book has only strengthened my resolve to maintain my current gold holdings and to boost this further when I get the chance.












