Crash-Proof: How to Profit From the Coming Economic Collapse
"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, Cohost, CNBC Morning Call
"For those accustomed to America's economic dominance,...more
If you read just one book this year, make it this one, and then act!
Peter Schiff predicted the failure of Fannie Mae and Freddie Mac, the housing bubble bust, and the decrease in the value of the dollar. No, he's not a magician, he takes what a reasonably educated person can see: the 'fake' economic growth the US has experienced the...more
If you ever wonder why things are never getting better, why exactly does the "business cycle" happen, why the banks are losing money and the government is bailing them out... you need to read this book.
The United States is heading towar...more
Schiff makes the case that d...more
I haven't read 2.0 yet, which is the sequel to this book, but I imagine that one is very similar with more discussion of things taking into account the current situation and what in the first book already has come true. Hopefully though, in the new book he makes a more seriou...more
Is it wrong? No, but this is an extreme view. Any rationale person can/could see that the "party" of American finance and debt could not go on forever. Because it was written just as the initial wave of turmoil was hitting the markets, there is a lot of conjecture and prediction about the shape of things to come. But, it's pretty close.
Sure the obvious ta...more
Unfortunately, this guys seems to have some answers as to why and they are not fun to hear. The book was written sometime in 2005 and his predictions (financially speaking) have been coming true....
Not fun to hear but good to know.... avaiable on Audiobooks also....
It's now about 2 years since the publishing of this book and Schiff's predictions seem more and more likely to become true. However, with most predictive economic doomsday books, I read it with a healthy amount of scrutiny. Still, Schiff raises some very interesting and true points/predictions about the collapse of real estate, impending inflationary pressures and economic/political tensions with our nation's creditors. The book is well balanced between theory/prediction and prac...more
Reading this book in 2011, it's even easier to be convinced that Schiff may be right because some of what he predicted has already happened. He was right about the housing market and he was right about gold prices.
So far, his biggest prediction...more
The book is a little pendantic in explaining the economic problem but if you are persistent in following along it makes sense. The last few chapters touch on ways to benefit while the United States deals with its economic problems.
This is a good introduction to what is happening, but there are better ones, and shorter ones.
Thanks for the taking the time to write this book. Looking forward to the updated release.
Schiff was one of the few people to properly predict & profit off the crash on 08. In this book he explains details of what will cause crash (written in 07) & how to protect yourself when it comes. Great read for anyone who is interested in investing or doesn't want to see savings wiped out when the next crash arrives.
Schiff is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City....more