Crash Proof
How to Profit From the Coming Economic Collapse
Published on 22. December 2010
288 pages
978-1-118-03893-2 (ISBN)
Description
The economic tipping point for the United States is no longertheoretical. It is a reality today. The country has gone from theworld's largest creditor to its greatest debtor; the value of thedollar is sinking; domestic manufacturing is winding down - andthese trends don't seem to be slowing. Peter Schiff casts a sharp,clear-sighted eye on these factors and explains what the possibleeffects may be and how investors can protect themselves. For morethan a decade, Schiff has not only observed the U.S. economy, butalso helped his clients reposition their portfolios to reflect hisoutlook. What he sees is a nation facing an economic storm broughton by growing federal, personal, and corporate debt, too-littlesavings, a declining dollar, and lack of domestic manufacturing.
Crash-Proof is an informed and informative warning of alooming period marked by sizeable tax hikes, loss of retirementbenefits, double digit inflation, even - as happened recently inArgentina - the possible collapse of the middle class. However,Schiff does have a survival plan that can provide the protectionthat readers will need in the coming years.
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Persons
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 began hiscareer at Shearson Lehman and joined Euro Pacific Capital (abroker-dealer with expertise in foreign markets and securities) in1996, becoming President of the firm in 2000. Schiff is oftenquoted in major publications?such as?the Wall Street Journal,Barron's, the Financial Times, the New York Times, and theChristian Science Monitor.
A frequent guest on television, he appears regularly on CNBC,Bloomberg, and FOX News, edits the Global Investor, an investmentnewsletter, and hosts a weekly radio program Wall Street Unspun.His economic and market commentaries are featured on manyinvestment-oriented Web sites as well as on www.europac.net. CNBC'sSquawk Box has nicknamed Schiff "Dr. Doom" for his uniquely bearishoutlook on the U.S. economy and its financial markets.
JOHN DOWNES is coauthor of the bestselling Dictionary ofFinance and Investment Terms, Barron's Finance and InvestmentHandbook, and Beating the Dow. He lives in Palisades New York.
Content
Preface.
Introduction: America.com: The Delusion of Real Wealth.
1 The Slippery Slope: Consumers, Not Producers.
2 What Uncle Sam, the Mass Media, and Wall Street Don'tWant You to Know.
3 For a Few Dollars More: Our Declining Currency.
4 Inflation Nation: The Federal Reserve Fallacy.
5 My Kingdom for a Buyer: Stock Market Chaos.
6 They Burst Bubbles, Don't They?: The Coming Real EstateDebacle.
7 Come On In, the Water's Fine: Our Consumer DebtProblem.
8 How to Survive and Thrive, Step 1: Rethinking Your StockPortfolio.
9 How to Survive and Thrive, Step 2: Gold Rush--Be theFirst Person on Your Block to Stake a Claim.
10 How to Survive and Thrive, Step 3: Stay Liquid.
Epilogue.
Books for Further Reading.
Glossary.
Index.
