Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
by John Downes, Peter D. Schiff
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Book Summary Information
Author: John Downes, Peter D. SchiffEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2007-02-26
ISBN: 0470043601
Number of pages: 288
Publisher: Wiley
Product features:
- ISBN13: 9780470043608
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
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Book Reviews of Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
Book Review: The Man Who Predicted The Crash
Summary: 5 Stars
Peter Schiff is one of the few stock brokers/economists that you can actually trust. This book will always be proof that his prognostications came true. The only thing that Schiff slightly missed was the timing. In this book you will learn where to invest your money (foreign stocks, precious metals). In 2009 he has been dead-on. Asian (especially China) stocks have been rising and will continue to rise along with precious metals. The only thing preventing another larger collapse in the United States is the dollar's reserve currency status, which has to be replaced sometime in the future as it continues to weaken since China and other countries are quietly getting out of Treasuries. Another great thing about Schiff is that he actually owns all of the stocks that he recommends to his customers. Hopefully in 2010 he will take Senator Dodd's seat in Connecticut and we will finally have at least one fiscally responsible person in the United States Senate.
More Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) reviews:
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Summary of Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
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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