Description
The economic tipping point for the United States is no longer theoretical. It is a reality today. The country has gone from the world's largest creditor to its greatest debtor; the value of the dollar is sinking; domestic manufacturing is winding down - and these trends don't seem to be slowing. Peter Schiff casts a sharp, clear-sighted eye on these factors and explains what the possible effects may be and how investors can protect themselves. For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients reposition their portfolios to reflect his outlook. What he sees is a nation facing an economic storm brought on by growing federal, personal, and corporate debt, too-little savings, a declining dollar, and lack of domestic manufacturing.
Crash-Proof is an informed and informative warning of a looming period marked by sizeable tax hikes, loss of retirement benefits, double digit inflation, even - as happened recently in Argentina - the possible collapse of the middle class. However, Schiff does have a survival plan that can provide the protection that readers will need in the coming years.
Table of Contents
Preface.
Introduction: America.com: The Delusion of Real Wealth.
1 The Slippery Slope: Consumers, Not Producers.
2 What Uncle Sam, the Mass Media, and Wall Street Don’t Want You to Know.
3 For a Few Dollars More: Our Declining Currency.
4 Inflation Nation: The Federal Reserve Fallacy.
5 My Kingdom for a Buyer: Stock Market Chaos.
6 They Burst Bubbles, Don’t They?: The Coming Real Estate Debacle.
7 Come On In, the Water’s Fine: Our Consumer Debt Problem.
8 How to Survive and Thrive, Step 1: Rethinking Your Stock Portfolio.
9 How to Survive and Thrive, Step 2: Gold Rush—Be the First Person on Your Block to Stake a Claim.
10 How to Survive and Thrive, Step 3: Stay Liquid.
Epilogue.
Books for Further Reading.
Glossary.
Index.
