Crash Proof : How to Profit from the Coming Economic Collapse
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 one is 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 lack of domestic manufacturing. Here, Schiff provides listeners with an insightful examination of the structural weaknesses underlying this impending economic meltdown, and discusses how they can protect themselves-and profit-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 listeners to preserve wealth and protect the purchasing power of their savings. #1: Rethinking Your Stock Portfolio: shows how to replace endangered U.S. dollar holdings with a portfolio of foreign securities that are safer, significantly higher yielding, and appropriate for any investment objectives #2: Gold Rush: examines the various ways to capitalize on the bull market in gold, and silver, and explains how they can add both safety and exciting growth potential to a conservative foreign stock portfolio #3: Stay Liquid: discusses the importance of liquidity in times of financial uncertainty-from having enough money for living expenses to keeping a reserve of uncommitted cash that can be used to acquire assets at bargain prices Investing using conventional wisdom will not work during times of financial distress. That's why Crash Proof has taken the reality of today's economic situation into account as it offers guidance. Filled with in-depth insights and expert advice, Crash Proof will help listeners survive and thrive during the coming years of economic uncertainty.
- 134.62 x 147.32 x 33.02mm | 181.44g
- 01 May 2009
- Gildan Media Corporation
- United States
Other books in this series
01 Jan 2005