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 Rating:
Summary: Crash Proof
Comment: 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.

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Customer Rating:
Summary: Gloomy forecaster offers a bright economic alterative
Comment: 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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Customer Rating:
Summary: Dr. Truth!
Comment: 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.

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Customer Rating:
Summary: Excellent - must read for every American
Comment: This book is a fantastic crash course on economics. The information on the Federal Reserve is eye-opening. This is one of the best purchases I have ever made on a book. I highly recommend it to everyone. It is an easy, quick read, full of valuable information for anyone who has or plans to have investments.

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Customer Rating:
Summary: Read it, Love it, Live it
Comment: Rare five star rating.

This book is your action plan, your calling to protect your assets in the coming years. Peter Schiff was laughed at on CNBC for a long time. Now with Bear Stearns, Freddie, Fannie all dead and dying, people are starting to listen.
Washington DC is broken, and no matter which idiot senator is elected this Fall, our troubles will not be over.

For those who seem to be miffed that he mentions his brokerage so much, get over it. Sign up for his newsletter and you can take whatever recommendations Peter has to your own broker. The key is to reduce your position in dollar dominated assets...now! Protect your wealth from the most egregious tax of all: inflation...and the devaluation of the US dollar.

You can't say you weren't warned.

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