From the Inside Flap
The economic and monetary disaster, which seasoned Wall Streetprognosticator Peter Schiff warned of in the bestselling firstedition of Crash Proof
, is no longer hypothetical itis here today. And while most people believe that the economiccollapse 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 portfoliosto reflect his outlook. What he sees today is a nation facing agrowing economic storm brought on by bursting bubbles andgrowing federal, personal, and corporate debt that will onlycontinue to intensify as the U.S. government refuses to allowmarket forces to repair the damage.
Crash Proof 2.0 picks up right where the firstedition which clearly foresaw the bursting of the real estatebubble, credit crunch, and the insolvency of Fannie Mae and FreddieMac left off and includes more than 80 new pages ofup–to–the–minute analysis and advice. This timely guide takes intoaccount the dramatic economic shifts that are reshaping America andprovides you with valuable insights which will allow you to protectyourself, as well as prosper, during the difficult times that lieahead. Throughout the book, Schiff explains the factors that willaffect your future financial stability from the bubble inbond prices and collapse of the dollar to surging long–terminterest rates and run–away inflation and offers a specificthree–step plan to battle today′s economic downturn, and tomorrow′smarket mayhem.
STEP #1: Rethinking Your Stock Portfolio shows you exactly howto solidify your portfolio with foreign securities that are betterpositioned to weather the storm and deliver meaningful long–termreturns
STEP #2: Gold Rush examines the various ways to capitalize onthe bull markets in gold and silver and explains how these preciousmetals can add both safety and growth potential to a conservativeforeign stock portfolio
STEP #3: Stay Liquid discusses the different aspects ofliquidity and the importance of having it during times of financialturmoil
Even with all that′s happened in the last few years, the realcollapse still lies ahead. With Crash Proof 2.0 as yourguide, you′ll discover a long–term plan that will put you in abetter position to survive and thrive during the coming years ofeconomic uncertainty.
From the Back Cover
Praise for Crash Proof and Crash Proof 2.0 "Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. 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." — Glenn Beck , host, The Glenn Beck Program "The dot–com implosion proves that we all need Peter Schiff′s vision of investing. His view is so global and so unique in its approach, and at a time when we all should be looking to crash–proof our portfolios, Schiff offers us this much–needed life–raft." — Liz Claman , anchor, Fox Business Network "For those accustomed to America′s economic dominance, Crash Proof is a frighteningly forthright wake–up call. But Peter Schiff is one Cassandra whose voice deserves your rapt attention. 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." — Jonathan Hoenig , Portfolio Manager, Capitalistpig Hedge Fund LLC and Fox News Channel analyst "Schiff does an outstanding job of outlining the dangers to individual investors of the current economic environment and presents a plausible plan about how to deal with the risks." — David W. Tice , Chief Portfolio Manager, Prudent Bear Funds "A sober assessment of the financial problems facing our country. Reading this book will prepare you for potential outcomes that Wall Street and the mainstream financial media are completely unaware of." — Bill Fleckenstein , founder and President of Fleckenstein Capital and MSN.com Money columnist Schiff Discusses the Latest Worldwide Financial Crises 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 —Providing everything you need to protect your money.