What does Peter Schiff, Ron Paul and Al Gore have in common? | Crash Proof: How to Profit From the Coming...

Peter Schiff--a prophet not regarded in his own country | Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) | Peter D. Schiff, John Downes

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	• 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 247 reviews view larger image
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highly recommended

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

What does Peter Schiff, Ron Paul and Al Gore have in common?

What does Peter Schiff, Ron Paul and Al Gore have in common? All three of them got ridiculed for speaking inconvenient truths.

Al Gore was ridiculed when he spoke of Global Warming, but it didn't take long for the public to wise up and award him the Nobel Prize - while President Bush lead us towards environmental and economic melt down.

During the 2008 political debates, Ron Paul spoke of reducing the size of government, restoring the dollar and retreating from needless wars abroad - and got laughed at by the other Republican candidates. Who got the nomination? John McCain - the person who admitted to be most clueless about the economy and most bullish in prosecuting the war in Iraq.

This leaves us with Peter Schiff and this book. I've seen Peter Schiff on television talking about the real estate bubble, our out-of-control government spending, the debasement of the dollar etc. which he predicted would lead us to our financial Armageddon. A what did the talking heads on television do? They ridiculed him - and later turned around and backed Paulson's risky, futile bailout scheme ("it will be good for Main Street").

So, if you want to know what is really going on with the economy, and what you can do to protect your investments from all the nonsense going on around you - buy this book.

The only question I have is - is it too late?? Gold is already at record highs. Do we believe that gold prices will reach $3,000, $4,000 or $6,000 per ounce? If Peter is right - there will be more nastiness, finger pointing and further economic melt down. This could turn out like the wreck of the Titanic - your safe in your own financial lifeboat as you watch others moan and drown in the fog around you.

I digress - read the book!

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Peter Schiff--a prophet not regarded in his own country

Today I watched Peter's cogent and ever-consistent message concerning the economic crisis we're in (CNN 10-4). Contrast that with Stephen Leeb's naive view on how the bailout is a must need for us: "the house is already on fire." Well, I'd agree with Dr. Leeb but the last thing I'd be doing now is giving more power to the arsonist (the FED and the government). I've found that one of the best ways of determining the efficacy of any theory is to see how it's predictions align with reality. From that perspective, Schiff has been spot-on throughout (as exemplified in CRASH PROOF), all the while facing CONSTANT derision from a never-ending stream of idiots paraded in front of our tv screens as expert minds. Dr. Leeb's website reveals his own misunderstanding of our situation as recently as his 2008 market outlook: "Looking ahead, we can't help but be somewhat optimistic. The stock market itself is perhaps the best indicator of what's happening in the economy, and the message it's throwing off is fairly bullish.".

Leeb typifies the same people who never saw the severity, much less the cause, of the issue..when it became too big to Pollyanna away, they blindly promote solutions that will invariably lead to even greater and more certain disaster.

In the spirit of analogies, I liken our economic situation to a pot of chili simmering away on a stove. The privileged among us (the FED cowards and affiliated Wall Street beneficiaries) indulge until there's half the pot missing. They then add water--taken from OUR own well --(liquidity) to try and put back what they stole away with initially. These idiots would have us believe that adding a gallon of water to the remaining chili would somehow leave it spicier!

HERE IS WISDOM--IF YOU WANT TO BEST PREPARE YOURSELF FOR THE CERTAIN & COMING PURGE OF OUR ECONOMY, CRASH PROOF IS A MUST READ!!

In all, I'm SO THANKFUL that we have a voice in the wilderness like Peter Schiff! Peter, you and your father are TRUE AMERICAN PATRIOTS and this nation owes you a sincere debt of gratitude! Thanks so much & God Bless you/r family!

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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.

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