Publisher's Synopsis
The economic and monetary disaster, which seasoned Wall Street prognosticator Peter Schiff warned of in the bestselling first edition of Crash Proof, is no longer hypothetical--it is here today. And while most people believe that the economic collapse is over, the reality is that it has only just begun. That's why he's returned with Crash Proof 2.0. For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing a growing economic storm--brought on by bursting bubbles and growing federal, personal, and corporate debt--that will only continue to intensify as the U.S. government refuses to allow market forces to repair the damage. Crash Proof 2.0 picks up right where the first edition--which clearly foresaw the bursting of the real estate bubble, credit crunch, and the insolvency of Fannie Mae and Freddie Mac--left off and includes more than 80 new pages of up-to-the-minute analysis and advice. This timely guide takes into account the dramatic economic shifts that are reshaping America and provides you with valuable insights which will allow you to protect yourself, as well as prosper, during the difficult times that lie ahead. Throughout the audio book, Schiff explains the factors that will affect your future financial stability--from the bubble in bond prices and collapse of the dollar to surging long-term interest rates and run-away inflation--and offers a specific three-step plan to battle today's economic downturn, and tomorrow's market mayhem. 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.
