Crash Proof

  • by Peter D. Schiff
  • Narrated by Sean Pratt
  • 8 hrs and 36 mins
  • Unabridged Audiobook

Publisher's Summary

From both an economic and monetary perspective, the United States is a house of cards: impressive on the outside, but a disaster waiting to happen beneath the surface. In a relatively short period of time, the country has gone from the world's largest creditor to its greatest debtor, the value of the dollar has declined, and manufacturing has given way to non-exportable services. While these and other issues could spell disaster for your financial well-being, the situation could also present unique opportunities - if you're prepared.For more than a decade, seasoned Wall Street prognosticator Peter Schiff has not only observed the U.S. economy, but has 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; a declining dollar; and a lack of domestic manufacturing.Here, Schiff provides you with an insightful examination of the structural weaknesses underlying this impending economic meltdown, and discusses how you can protect yourself during the difficult times that lie ahead. Using common-sense analysis, creative analogies, and easy-to-understand language, Schiff entertains as well as educates and outlines a specific three-step plan that will allow you to preserve wealth and protect the purchasing power of your savings.

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What the Critics Say

"At a time when we all should be looking to crash-proof our portfolios, Schiff offers us this much-needed life-raft." (Liz Claman, Cohost, CNBC Morning Call)

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Customer Reviews

Most Helpful

Get this book AND take action.

The book is good to understand how the US economy has gotten into the shape it's in and what to do about it. There are good basics on banking and investing. As others have mentioned, parts read a bit like a marketing brochure for Schiff's Investing Company, but I don't think it's such a problem in this case. He gives equal advise to persons seeking equal services from other companies. To the detractors I'd say that taking some of the recommended actions could still put one in some stable defensive positive value investments whether the authors negative view on the US economy materializes or not. I read this at the peak of passing the 700$B banking bailout bill (09/2008), and realize that Schiff was predicting such a colapse as he wrote the book 2 years ago (2006). The author's cause is significant, but commenting as a book only, I find it informative and well written, and in audible's case, well read.

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- Randall

Not Worth It

The first 3/4 of this book are a good explanation of why the US economy is in such bad shape and why it won't fully recover any time soon. The remaining part is just a commercial for the products and services offered by the author's company.

I can save you six hours - here's his basic advice: buy gold, put any remaining capital in foreign currency, and don't buy what you can't afford to pay cash for.
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- Heidi

Book Details

  • Release Date: 07-02-2008
  • Publisher: Gildan Media, LLC