Crash Proof: How to Profit from the Coming Economic Collapse
Peter D. Schiff
President of Euro Pacific Capital, Inc., Author
March 10, 2007
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.
Peter D. Schiff is a seasoned Wall Street prognosticator best known for his accurate predictions of the performance of the stock market, commodities, gold, and the dollar. He began his career at Shearson Lehman and joined Euro Pacific Capital (a broker-dealer with expertise in foreign markets and securities) in 1996, becoming president of the firm in 2000. Schiff is frequently quoted in major publications including the Wall Street Journal, Barron's, the Financial Times, The New York Times, and the Christian Science Monitor. A regular guest on television, he has appeared on Squawk Box, Closing Bell, Fox News, and other programs, and has a weekly radio broadcast as well.