Crash Proof 2.0: How to Profit From the Economic Collapse - Hardcover

Schiff, Peter D.; Downes, John

Hardcover

ISBN 10: 047047453X ISBN 13: 9780470474532

Publisher: John Wiley & Sons, 2009

Synopsis

A fully updated follow-up to Peter Schiff's bestselling financial survival guide- Crash Proof , which described the economy as a house of cards on the verge of collapse, with over 80 pages of new material The economic and monetary disaster which seasoned prognosticator Peter Schiff predicted is no longer hypothetical-it is here today. And nobody understands what to do in this situation better than the man who saw it coming. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar. Crash Proof 2.0 picks up right where the first edition-a bestselling book that predicted the current market mayhem-left off. This timely guide takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to navigate the dangerous terrain. Throughout the book, Schiff explains the factors that will affect your future financial stability and offers a specific three step plan to battle the current economic downturn. Discusses the measures you can take to protect yourself-as well as profit-during these difficult times Offers an insightful examination of the structural weaknesses underlying the economic meltdown Outlines a plan that will allow you to preserve wealth and protect the purchasing power of your savings Filled with in-depth insights and expert advice, Crash Proof 2.0 will help you survive and thrive during the coming years of economic uncertainty.

About this title

From the Back Cover:

"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, read this book."

GLENN BECK, host, The Glenn Beck Program

"The dot-com implosion proves that we all need Peter Schiff's vision of investing. His view is so global and so unique in its approach, and at a time when we all should be looking to crash-proof our portfolios, Schiff offers us this much-needed life-raft."

LIZ CLAMAN, anchor, Fox Business Network

"For those accustomed to America's economic dominance, Crash Proof is a frighteningly forthright wake-up call. But Peter Schiff is one Cassandra whose voice deserves your rapt attention. Devoid of the usual Wall Street spin, this frank and prophetic read will make you reconsider the very foundations on which your financial house is built."

JONATHAN HOENIG, Portfolio Manager, Capitalistpig Hedge Fund LLC and Fox News Channel analyst

"Schiff does an outstanding job of outlining the dangers to individual investors of the current economic environment and presents a plausible plan about how to deal with the risks."

DAVID W. TICE, Chief Portfolio Manager, Prudent Bear Funds

"A sober assessment of the financial problems facing our country. Reading this book will prepare you for potential outcomes that Wall Street and the mainstream financial media are completely unaware of."

BILL FLECKENSTEIN, founder and President of Fleckenstein Capital and MSN.com Money columnist

STEP #1: RETHINKING YOUR STOCK PORTFOLIO shows you exactly how to solidify your portfolio with foreign securities that are better positioned to weather the storm and deliver meaningful long-term returns

STEP #2: GOLD RUSH examines the various ways to capitalize on the bull markets in gold and silver and explains how these precious metals can add both safety and growth potential to a conservative foreign stock portfolio

STEP #3: STAY LIQUID discusses the different aspects of liquidity and the importance of having it during times of financial turmoil

Even with all that's happened in the last few years, the real collapse still lies ahead. With Crash Proof 2.0 as your guide, you'll discover a long-term plan that will put you in a better position to survive and thrive during the coming years of economic uncertainty.

About the Author:

Peter D. Schiff is a seasoned Wall Street prognosticator best known for his accurate predictions of the performance of the stock market, commodities, gold, and the dollar. He is one of the few unbiased investment advisors to have predicted the current bear market and positioned his clients accordingly. Schiff began his career at Shearson Lehman and joined Euro Pacific Capital in 1996, becoming President of the firm in 2000. He appears frequently on Fox Business News , CNN , CNBC , and Bloomberg TV, and has been quoted in such publications as the Wall Street Journal , Barron's , the Financial Times , and the New York Times . Schiff is also the author of the original edition of Crash Proof as well as The Little Book of Bull Moves in Bear Markets , both published by Wiley. John Downes is coauthor of the bestselling Dictionary of Finance and Investment Terms , Barron's Finance and Investment Handbook , and Beating the Dow . He lives in Poughquag, New York.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2009
• ISBN 10: 047047453X
• ISBN 13: 9780470474532
• Binding: Hardcover
• Edition number: 2
• Number of pages: 384