Crash Proof 2.0: How to Profit From the Economic Collapse

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Overview

The economic and monetary disaster, which seasoned Wall Streetprognosticator Peter Schiff warned of in the bestselling firstedition of Crash Proof, is no longer hypothetical—itis here today. And while most people believe that the economiccollapse is over, the reality is that it has only just begun.That's why he's returned with Crash Proof 2.0.

For more than a decade, Schiff has not only observed the U.S.economy, but also helped his clients restructure their portfoliosto reflect ...

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Overview

The economic and monetary disaster, which seasoned Wall Streetprognosticator Peter Schiff warned of in the bestselling firstedition of Crash Proof, is no longer hypothetical—itis here today. And while most people believe that the economiccollapse is over, the reality is that it has only just begun.That's why he's returned with Crash Proof 2.0.

For more than a decade, Schiff has not only observed the U.S.economy, but also helped his clients restructure their portfoliosto reflect his outlook. What he sees today is a nation facing agrowing economic storm—brought on by bursting bubbles andgrowing federal, personal, and corporate debt—that will onlycontinue to intensify as the U.S. government refuses to allowmarket forces to repair the damage.

Crash Proof 2.0 picks up right where the firstedition—which clearly foresaw the bursting of the real estatebubble, credit crunch, and the insolvency of Fannie Mae and FreddieMac—left off and includes more than 80 new pages ofup-to-the-minute analysis and advice. This timely guide takes intoaccount the dramatic economic shifts that are reshaping America andprovides you with valuable insights which will allow you to protectyourself, as well as prosper, during the difficult times that lieahead. Throughout the book, Schiff explains the factors that willaffect your future financial stability—from the bubble inbond prices and collapse of the dollar to surging long-terminterest rates and run-away inflation—and offers a specificthree-step plan to battle today's economic downturn, and tomorrow'smarket mayhem.

STEP #1: Rethinking Your Stock Portfolio shows you exactly howto solidify your portfolio with foreign securities that are betterpositioned to weather the storm and deliver meaningful long-termreturns

STEP #2: Gold Rush examines the various ways to capitalize onthe bull markets in gold and silver and explains how these preciousmetals can add both safety and growth potential to a conservativeforeign stock portfolio

STEP #3: Stay Liquid discusses the different aspects ofliquidity and the importance of having it during times of financialturmoil

Even with all that's happened in the last few years, the realcollapse still lies ahead. With Crash Proof 2.0 as yourguide, you'll discover a long-term plan that will put you in abetter position to survive and thrive during the coming years ofeconomic uncertainty.

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Editorial Reviews

From Barnes & Noble
To think that all books on guiding people through the economic crisis are essentially same because they share a central purpose is silly, a bit like thinking that all diet books are identical. Different approaches make a difference. In the case of Crash Proof 2.0, Peter Shiff's thorough update to his 2007 economic storm tutorial, the difference is foresight. Years before others were sounding alarms, financial analyst Shiff was advising clients to brace themselves for a major upheaval. Having apprised readers of its causes, he now applies that wisdom to optimal responses to the continuing effects of the meltdown. Straight talk for hard times.
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Product Details

  • ISBN-13: 9781118152003
  • Publisher: Wiley
  • Publication date: 11/8/2011
  • Edition number: 2
  • Pages: 388
  • Sales rank: 962,960
  • Product dimensions: 6.00 (w) x 8.90 (h) x 1.20 (d)

Meet the Author

Peter D. Schiff is a seasoned Wall Street prognosticatorbest known for his accurate predictions of the performance of thestock market, commodities, gold, and the dollar. He is one of thefew unbiased investment advisors to have predicted the current bearmarket and positioned his clients accordingly. Schiff began hiscareer at Shearson Lehman and joined Euro Pacific Capital in 1996,becoming President of the firm in 2000. He appears frequently onFox Business News, CNN, CNBC, and Bloomberg TV, and has beenquoted in such publications as the Wall Street Journal,Barron's, the Financial Times, and the New YorkTimes. Schiff is also the author of the original edition ofCrash Proof as well as The Little Book of Bull Moves inBear Markets, both published by Wiley.

John Downes is coauthor of the bestselling Dictionary ofFinance and Investment Terms, Barron's Finance andInvestment Handbook, and Beating the Dow. He lives inPoughquag, New York.

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Table of Contents

Author's Note, Crash Proof 2.0 vii

Preface xv

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

1 The Slippery Slope: Consumers, Not Producers 1

2 What Uncle Sam, the Mass Media, and Wall Street Don't Want Youto Know 33

3 For a Few Dollars More: Our Declining Currency 63

4 Inflation Nation: The Federal Reserve Fallacy 91

5 My Kingdom for a Buyer: Stock Market Chaos 129

6 They Burst Bubbles, Don't They?: The Coming Real EstateDebacle 159

7 Come On In, the Water's Fine: Our Consumer Debt Problem199

8 How to Survive and Thrive, Step 1: Rethinking Your StockPortfolio 237

9 How to Survive and Thrive, Step 2: Gold Rush—Be theFirst Person on Your Block to Stake a Claim 283

10 How to Survive and Thrive, Step 3: Stay Liquid 317

Epilogue 339

Books for Further Reading 345

Glossary 349

Index 353

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Customer Reviews

Average Rating 4
( 27 )
Rating Distribution

5 Star

(13)

4 Star

(4)

3 Star

(7)

2 Star

(2)

1 Star

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See All Sort by: Showing 1 – 20 of 27 Customer Reviews
  • Anonymous

    Posted April 10, 2010

    Great book

    Crash Proof 2.0 is a great book and I would recommend it to anyone who wants to learn about what happened. Schiff saw this before it happened!

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted November 22, 2009

    more from this reviewer

    Found it difficult to read, and I suspect its audience are enthusiasts rather than average folks.

    Get a copy from the library.

    1 out of 2 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted June 28, 2013

    Good book, peter is 100% right about u.s. economy crashing. it's

    Good book, peter is 100% right about u.s. economy crashing. it's obvious the economy is in big trouble. I gave this book 3 stars because it's correct about u.s. economic troubles, and also has good info on how to prepare. however, i disagree on his BRICS predictions. right now brazil's economy is starting to stumble (besides violent riots across the country), china's economy has a bubble and other countries are having problems. I still think this book is good, just think peter puts too much confidence in the BRICS

    Was this review helpful? Yes  No   Report this review
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