Crash Proof: How to Profit From the Coming Economic Collapse

by Peter D. Schiff; John Downes

• ISBN13: 9780470129913
• ISBN10: 0470129913
• Format: eBook
• Copyright: 2007-05-01
• Publisher: Wiley

Summary

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.

Table of Contents

Preface

Introduction: America.com

The Delusion of Real Wealth

The Slippery Slope: Consumers, Not Producers

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

For a Few Dollars More: Our Declining Currency

Inflation Nation: The Federal Reserve Fallacy

My Kingdom for a Buyer: Stock Market Chaos

They Burst Bubbles, Don't They?: The Coming Real Estate Debacle

Come On In, the Water's Fine: Our Consumer Debt Problem

How to Survive and Thrive

Rethinking Your Stock Portfolio

How to Survive and Thrive

Gold Rush-Be the First Person on Your Block to Stake a Claim

How to Survive and Thrive

Stay Liquid

Epilogue

Books for Further Reading

Glossary

Index

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