Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)

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Label:Wiley
Languages:
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Manufacturer: Wiley

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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.

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Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)

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	Customer Reviews: Average Rating: Rating : - Bear Market Guru turns Doomsayer & Shills for his Own Company Peter Schiff is a professional doomsayer who strongly makes the case that the American economy is going to hell in a hand basket. Fast. He lays out this case in his book, CRASH PROOF. Given the backdrop of recent months, it is hard to say he is wrong. The book came out @ February of 2007 so Schiff is prescient in a number of realms. If doom and gloom is your cup of tea, you have come to the right book. Schiff sees over consumption, inflation and misguided government policies as providing a recipe for economic and financial disaster. My gripe is that the book's title oversells and does not really constitute truth in advertising. I estimate that only about one-fourth of the book is prescriptive in offering ways to "crash proof" yourself and your finances. Schiff's solutions revolve around three themes: invest in foreign securities, buy gold and maximize your liquidity. It just so happens that Schiff's firm can address the foreign securities need and he peppers his final chapter with "plugs" for his investment company. + See Full Customer Review

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Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)

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