Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) | Peter D. Schiff, John Downes | Start living with your eyes open.
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Crash Proof: How t...
Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
Peter D. Schiff
,
John Downes
Wiley
, 2007 - 288 pages
average customer review:
based on 249 reviews
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highly recommended
Excellent read
I first heard the author last August during a TV interview. I was impressed because the points he made rang true to what I was seeing but not what the "experts" were saying. I bought the book, read it, and I enjoyed it very much. I now have a much better grasp on what's going on (e.g. oil prices going up, inflation, etc.) and I have made changes to my own financial portfolio which are playing out very well.
I highly recommend the book to anyone who wants to learn more about what is really happening in the US economy and I would encourge them to visit his website for more helpful info.
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Start living with your eyes open.
Watch Video Here: http://www.amazon.com/review/RPMHXRE4J0JHA A MUST READ!!!!
Crash
proof
is exactly that, crash proof. Some of you may know me
from
youtube, under Visionvictory. Peter Schiff is a genius, no one has had as many correct calls as Peter. Please take the time to buy this book before it's to late.
Excellent resource for America's financial future
This is a great book for those looking for an introduction of where the US economy is,
how
it got there, and where it is likely to go in the near future.
To clarify Peter Schiff's view of hyperinflation in the US, in real terms there is actually going to be deflation. In terms of gold, our assets are going to be worth less and less. In terms of inflated dollars, asset prices will likely rise or stay stagnant (obviously this wont happening with commodities). An excellent example of this thus far is the housing market. While real estate prices remain relatively constant due to dollar inflation and fed intervention, in terms of gold these assets have fallen off a cliff. The reason dollar deflation happened during the initial
crash
of the great depression was because assets at that time were still valued in gold, not paper. This time around, the fed isn't restricted by a silly thing like gold, and will likely try to print its way out of a depression untill dollars are completely worthless.
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Wake Up Call for anyone in US and Canada !
This book is worth its weight in gold. The book is not a "user guide" of
how
many shares to buy
from
which company, or which commodity to buy and in what quantity. The author is not an oracle, is an outstanding economist which earns his living by helping his firm's clients
profit
from his knowledge, so don't expect that as a reader of this book you will become automatically Peter Schiff personal client or will be granted the benefits and opportunities provided by his firm.
This book offers you knowledge, understanding and a clear mindset. You have one part describing what's going on right now and why. Then you have a second part that guides you to what anyone should do to protect against the hyper-inflation caused by FED's irresponsible monetary policy while trying to protect the staggering US government overspending and bailout the financial institutions massive capital misallocation. The readjustment will be difficult in the
coming
years. I am not giving more details, the author already did it and he's far more eloquent that me.
I watched Peter Schiff standing tall during the past years in many financial business shows, giving honest opinions and making accurate predictions. It's amazing the adversity he went through from some economists or so called financial experts just because he had a different opinion. In the end all worked out to his benefit as his integrity was proven time and time again. I highly recommend this book and look forward to his next one.
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Crash Proof How to Profit from the Coming Economic Collaspe
This is a tremendous book. You have to know
how
we've gotten here, to understand "why" we are now headed in the
economic
direction we are. For those who want to survive an economic meltdown, the phrase "When in Roman..." needs to be counterintuitive. This book clearly explains why and how to protect oneself. A key point is to see how what was predicted to happen in 2006 has "NOW" come to pass.
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