Books : Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
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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: 45
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.
Average Rating: 
Rating:  -
Peter Schiff is a professional doomsayer who strongly makes the case that the American economy is going to hell in a hand basket. Fast.
He lays out this case in his book, CRASH PROOF. Given the backdrop of recent months, it is hard to say he is wrong. The book came out @ February of 2007 so Schiff is prescient in a number of realms.
If doom and gloom is your cup of tea, you have come to the right book. Schiff sees over consumption, inflation and misguided government policies as providing a recipe for economic and financial disaster. My gripe is that the book's title oversells and does not really constitute truth in advertising. I estimate that only about one-fourth of the book is prescriptive in offering ways to "crash proof" yourself and your finances. Schiff's solutions revolve around three themes: invest in foreign securities, buy gold and maximize your liquidity.
It just so happens that Schiff's firm can address the foreign securities need and he peppers his final chapter with "plugs" for his investment company.
Rating:  -
Peter Schiff has a remarkable track record for divining the future. His videos, available on Youtube, display back bone and wisdom in standing up to the tide of popular opinion. The guy shows poise and self control in the face of overwhelming contrary positions. I too held the same opinion, "The economy is in trouble!". I wasn't sure what to do about it. And it was through a chance hit, that I discovered Peter Schiff. Unlike me, Peter has the answers to, "What do you do to protect yourself?" I don't agree with all of Peter's conclusions, but the book served as a catalyst and platform for further thinking on the subject. I adopt the strategies of Peter's that I like and was able to think of additional things that I wanted to do. Thanks Peter. Great book. Did you collect your "penny" from that snob? (One of the tube videos)
Rating:  -
I read the book and invested my IRA in his firm. My life's saving was invested into a "Capital Secured" manner. I lost 40%. His book and his advice are hog wash.
Rating: -
First, this book has the wrong title. The majority of the book's argument and purpose is to explain how fragile the US economy is and how the indications of failure are just the beginning of a larger dollar collapse and implosion of our economy. Since we aren't crash proof, the idea is to move your assets into precious metals, foreign stocks, and liquidity for quick strikes on opportunities. It's a radical thought that may have value in these increasingly radical times.
Rating: -
If you follow this investment advice in early 2008 you could lose 50~60% of your money. Unfortunatally I did. So be careful!
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