Crash Proof: How to Profit From the Coming Economic Collapse

by Peter D. Schiff, John Downes

Overview

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.

Product Details

ISBN-13:	9781118038932
Publisher:	Wiley
Publication date:	12/15/2010
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	288
File size:	859 KB

About the Author

PETER D. SCHIFF is a seasoned Wall Street prognosticator best known for his accurate predictions of the performance of the stock market, commodities, gold, and the dollar. He began his career at Shearson Lehman and joined Euro Pacific Capital (a broker-dealer with expertise in foreign markets and securities) in 1996, becoming President of the firm in 2000. Schiff is often quoted in major publications such as the Wall Street Journal, Barron's, the Financial Times, the New York Times, and the Christian Science Monitor.

A frequent guest on television, he appears regularly on CNBC, Bloomberg, and FOX News, edits the Global Investor, an investment newsletter, and hosts a weekly radio program Wall Street Unspun. His economic and market commentaries are featured on many investment-oriented Web sites as well as on www.europac.net. CNBC's Squawk Box has nicknamed Schiff "Dr. Doom" for his uniquely bearish outlook on the U.S. economy and its financial markets.

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 Palisades New York.

Table of Contents

Preface.

Introduction: America.com: The Delusion of Real Wealth.

1 The Slippery Slope: Consumers, Not Producers.

2 What Uncle Sam, the Mass Media, and Wall Street Don’t Want You to Know.

3 For a Few Dollars More: Our Declining Currency.

4 Inflation Nation: The Federal Reserve Fallacy.

5 My Kingdom for a Buyer: Stock Market Chaos.

6 They Burst Bubbles, Don’t They?: The Coming Real Estate Debacle.

7 Come On In, the Water’s Fine: Our Consumer Debt Problem.

8 How to Survive and Thrive, Step 1: Rethinking Your Stock Portfolio.

9 How to Survive and Thrive, Step 2: Gold Rush—Be the First Person on Your Block to Stake a Claim.

10 How to Survive and Thrive, Step 3: Stay Liquid.

Epilogue.

Books for Further Reading.

Glossary.

Index.