So much debt has been created, and so much risk obfuscated, that it is hard to imagine our present illusion of prosperity can be maintained much longer. I know enough economics and politics to recognize that his reasoning is sound and dead spot on. It is a reality today. He began his career at Shearson Lehman and joined Euro Pacific Capital a broker-dealer with expertise in foreign markets and securities in 1996, becoming President of the firm in 2000. 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. .
For that contact Euro Pacific Capital. When hope runs out, sometimes fate sends a hero. Not only is it illegal for a licensed broker to make specific stock recommendations in a book, it's unfair to expect it. We will not share your email address or other sensitive data. Important Note about Bookshelves and OnlineBookClub. Schiff began his career at Shearson Lehman and joined Euro Pacific Capital in 1996, becoming President of the firm in 2000.
For more than a decade, Schiff has not only observed the U. Schiff also understands very well the entitlement crisis brewing, and aptly names Social Security a Ponzi Scheme. 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. Equal opportunity to reach prosperity - that's fair! Today, we have the illusion of prosperity, and the sooner we break through that delusional state, the sooner we can prepare for darker days. For more than a decade, Schiff has not only observed the U. 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. Reading this book will prepare you for potential outcomes that Wall Street and the mainstream financial media are completely unaware of.
His economic and market commentaries are featured on many investment-oriented Web sites as well as on www. Finally, the juicy part - how to survive. Bookshelves is a free tool to track books you have read and want to read. There is Navigation menu in the top-right of every page. 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. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook.
For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. Avoid mutual funds, because they add a layer of costs. Just because a book is listed on Bookshelves, does not mean it is available through the Review Team. 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. He is one of the few unbiased investment advisors to have predicted the current bear market and positioned his clients accordingly. Yet, not a single specific stock is mentioned in the book.
Can they get off the mountain alive? 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. There's no panic right now, because the government, Wall Street and the news media are failing us. But it could be replaced, for example by the Euro. This book discusses the measures you can take to protect yourself-as well as profit-during these difficult times. As to favoured sectors: power, commercial real estate, commodities and natural resources much of this seems to chime with what we have learned about Marc Faber - see second posting above. And while most people believe that the economic collapse is over, the reality is that it has only just begun. He lives in Poughquag, New York.
Wall Street, sub-prime lenders, and the large banks have been ingenious in their ability to push risk onto other parties, but it's not clear if the counter-parties will have the ability to weather the defaults. He lives in Palisades New York. There are no specific investment recommendations. Avoid debt, unless you plan to use the money to make a profit in some way. 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.
For more than a decade, Schiff has not only observed the U. This book is not only an investor's survival guide, but a layman's economic primer. Schiff is often quoted in major publications? It is a reality today. 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. The piggy bank on the cover is a nice touch, and the list of books for further reading is most helpful for those who have not already read many of the titles. The analogy of the Asians and the American trapped on an island together is apropos, as it reveals much about the true state of international trade. And nobody understands what to do in this situation better than the man who saw it coming.