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The Real Crash: America's Coming Bankruptcy--How to Save Yourself and Your Country (Hardcover)

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ITEM#: 13961905

PETER D. SCHIFF is an American investment broker, author, and financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate seat from Connecticut. He frequently appears as a guest on CNBC and Fox News, and is the host of the radio show and podcast The Peter Schiff Show.He is the author of the New York Times bestselling Crash Proof and Crash Proof 2.0, as well as The Little Book of Bull Moves in Bear Markets, which was also a Business Week bestseller.

You might be thinking everything’s okay: the stock market is on the rise, jobs are growing, the worst of it is over.

You’d be wrong.

In The Real Crash, New York Times bestselling author Peter D. Schiff argues that America is enjoying a government-inflated bubble, one that reality will explode . . . with disastrous consequences for the economy and for each of us. Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: the United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence.

We’re in hock to China, we can’t afford the homes we own, and the entire premise of our currency---backed by the full faith and credit of the United States---is false. Our system is broken, Schiff says, and there are only two paths forward. The one we’re on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens.

However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending---eliminate entire agencies, end costly foreign military escapades and focus only on national defense---and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, restructure its debts, and reform our system from the ground up.

Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don’t. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yoursel...

Specs

ISBN 9781250004475
Genre BUSINESS & ECONOMICS / Economic Conditions
Format Hardcover
Pages 335
Publisher Date 2012-05-22 00:00:00.0
Publisher St Martins Pr
Copyright Year 2012
Height 9.0 in
Wdth 6.0 in
Thickness 1.25 in
Unit weight 1.18 lb
Language English
Subtitle America's Coming Bankruptcy--How to Save Yourself and Your Country
Audience General/trade
Authors Schiff, Peter D.
Country of Origin United States

Product Reviews


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  • Information galore!

    So much information for anyone trying to balance out their investments. Take the time to read!!!

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  • must read tif you want to protect your savings

    This book is a must read for anyone who earns, saves, and/or invests in US dollars. While not the most elegant writer, Peter Schiff certainly packs his books with tons of useful information about investing in the context of current economic (and political) trends and this book is no exception. Being powerless to stop the disastrous monetary policy of the US government, at least one can protect and grow one's own savings. The Real Crash is worth its weight in gold.

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