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

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Binding: Hardcover
Dewey Decimal Number: 332.60973
EAN: 9780470043608
ISBN: 0470043601
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 288
Publication Date: February 26, 2007
Publisher: Wiley
Sales Rank: 26
Studio: Wiley

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Editorial Review:

Product Description:
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.

Customer Reviews

Average Rating: out of 5 stars

Rating:

- Good Advice But...
I read this very interesting book a couple of months ago and was surprised to see it climbing the charts again. The topic is certainly timely and much needed however...

While I agree with the Lion's share of the advice (and the author is more competent in these matters than I) contained therein, I struggle with accepting his advice in precious metals and foreign markets. As I believe, the foreign markets still reflect the good `ole USA at this time, I just cannot trust them. In addition, gold is too volatile for my needs at the age of 52. Of course, the book speaks loudly about age and options.

Everything else I believed was right on target therefore I give it a 4 star rating. I hope you found this review helpful. Michael L. Gooch, SPHR - Author of Wingtips with Spurs: Cowboy Wisdom for Today's Business Leaders.

Rating:

- Conflict of interest seems likely.
I read "Crash Proof" in one day yet I'm not an investor. I think the concern that Mr. Schiff is using his book to promote his company's line of investment products is a valid one. On another note, there is a glaring error on page 224 of the hard cover edition. He writes, "My favorite way to buy silver is just to buy junk silver ... minted before 1968. They [the coins] are 90 percent silver." Wrong. Only the coins minted before 1965 are 90 percent silver. A quick visit to any of the Junk Silver web sites will confirm it. I wonder if the book contains other errors?

Rating:

- Novice here...
I'm a complete novice to finances. Or at least I was before I read Crash Proof. It made all of those fancy stock market terms easy to understand. I was already anticipating some kind of crash because Ron Paul was saying it was coming, and he's been right every time! But this book made the coming crisis more scientific.

Also, the part about Gold is genius. Get gold! GET GOLD!

Rating:

- Crash Proof
This is an excellent book. It is very easy to understand and explains what is happening with the economy and how to protect your money. I believe it is a necessity in these troubled times.

Shera RAel

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