Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)

Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) | Peter D. Schiff, John Downes | Dr. Truth!

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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 view larger image
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highly recommended

Reluctantly impressed...

I have seen Peter Schiff for a couple of years now on CNBC, FOX, Kudlow etc. Frankly he does not come off all that well on TV, he scoffs and is somewhat sneery, voluble and impatient. Other panelists often tend to be dismissive and mocking towards him. I have to say I took a disliking to him and wondered why they bothered to include him. The fact that his father seems to be a crackpot tax protester who is in federal prison until 2016 doesn't lend much confidence either. But the last year is making the so-called perma-bull cranks look prescient. I decided I needed to read his book so I got it from the library and just finished it.

He is much more impressive in print than on TV. If I had read it a year ago I would have glossed over some of his concerns, like Fannie Mae and Freddie Mac possibly failing. But to read that now just might put a bolt into you. The majority of his points make very good sense to me. He lays out the reasons why the dollar and economy are headed for disaster and although I realize that case has been made for years I really have nothing to refute those points with. Probably the most convincing part of the book for me are his prescriptions for avoiding the coming mess by getting into gold, foreign investments and currency. The advice seems pretty sensible and at the least no more risky than being in the US markets. I think he makes a plausible case why that is almost a can't lose scenario. Of course gold is off it's recent high by about $200 an ounce as of today. Is it a buying opportunity or a chance to get burned? The usual dilemma.

I have always been optimistic about the American people and economy, we are probably still the most dynamic society on earth. I took to heart the advice that no one ever got rich betting against the US. Frankly I am a sensible but conventional wisdom kind of guy. But we have now seen decades of irresponsibility in government, corporate and household accounting and lately I am feeling like I have been misinformed, lied to and BS'd by every so called expert in the media and corporate world, not to mention the government. Having said that, what I would like to see is someone of impeccable credentials review and address Mr. Schiff's points and possibly offer a rebuttal. When I google Schiff or Euro Pacific Capital I find it hard to find any performance statistics or relevant critiques of him. But I will definitely state that his book is worth reading and giving serious thought to. If anyone can point to a reasonable discussion or info associated with him or his company I would appreciate a message to that effect.

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Dr. Truth!

Peter is easily one of the best forecasters of his generation. His honest approach to the current economic demise that we are facing is a breath of fresh air. Schiff, unlike most of his peers, is not a pom-pom waving cheerleader - he tells it like it is...and he's been almost bang on 100% right.
The book is a must have for all who are looking for ways to protect their wealth in these uncertain times.

Gloomy forecaster offers a bright economic alterative

Contrarian investor Peter D. Schiff isn't just a bear. He's a sky-is-falling, bury-the-Krugerrands-in-the-backyard bear. Writing with John Downes, Schiff argues that the U.S. economy is going to hell, and that clueless consumers, opportunistic Wall Streeters and pandering politicians are carrying the handbasket. Schiff's screeching tone is a bit grating - until you realize that many of his predictions have proven accurate. That doesn't mean you shouldn't take him with a grain of salt, but this book was published in 2007, and in mid-2008, Schiff's forecasts of a weakening dollar, rising gold prices, a bursting real-estate bubble and strong foreign stock markets were spot-on. His pessimistic polemic could use more practical advice and less macroeconomic analysis, but still getAbstract recommends it to those who seek an alternative viewpoint.

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Crash Proof

I read this book from cover to cover, and found it to be very helpful and easy to understand. I contacted Peter's organization, Euro Pacific, and am considering having them help me with some investments.

reviews: 1, 2, 3, page 4, 5, 6, 7, 8, 9, 10, 11, 12, 13

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