Crash proof 2.0 torrent

Brendan, thank you. I cannot give an opinion as to when a collapse will occur because I am not nearly knowledgable enough about economics or world politics to make an intelligent guess. And it may largely depend on who gets elected next term.

Will it be a crash or slow waning of value? I certainly don't know. I would venture as far as to say there is an upper limit of 20 years, as that's when demographic changes in the U. I don't see enough interest from either party at this point to change the system enough to avoid those huge unfunded liabilities. Could it happen next year? That may lead to a short term gain in dollar as money flees Europe. But I believe it will be very short term.

And is China's economy as strong as many people like to act? I'm not convinced of that. If China's economy falters, money will run back to the U. So you see, there are far to many variables going on for me to make an intelligent prediction. For every dollar lost in trade, a similar foreign dollar is invested in our economy. That is not "investment," unless you believe government deficit spending is investment. They will wise up and realize that working their citizens to the bone so Americans can live large is unnecessarily impoverishing themselves and will consequently sell off their treasuries and allow their currencies to rise.

I think Schiff doesn't point out exactly when a crash is coming because it is already happening. I don't think he makes any claim that is necessarily has to be acute and quick. I am of the opinion that the US will also suffer from an acute and quick devaluation, similar to the Asian contagion in the 's, but that doesn't preclude a slow devaluing of the US currency in the meantime. Right now the central banks of the world are engaged in a race to the bottom, so the USD looks good in a "redneck beauty contest.

Gotta love it when people put their own opinions into the heads of others. The Chinese and Japanese trade real physical goods for T bills Because they believe the trade is worth it. Likewise they don't work their people the way they do so Americans can live better. Those ppl work the way they do because their employers believe it is profitable to work them that way and not because they have some predeliction about Americas standard of living.

The question is when will those populations decide the trade is no longer worthwhile for them? When will employers in China recognize that an eight hour day etc might be more profitable? The big event we have to worry about is when the US goes to sell T-bills and nobody shows up to buy them.

In order to back up the bloated government deficits the Fed would have to step in to monetize the debt or allow interest rates to rise. An increase in interest rates would mean a lot of belly-up banks and more people underwater on their mortgages. Bryan, when I refer to foreign investments, I'm referring to foreign private companies investing in American private companies. And that amount is roughly equivalent to the trade imbalance.

And that, I agree, is becoming increasingly worthless. However, the notion that gold and silver are increasing in price and it started before TARP is not indicative that the U. There can be world-wide inflation where all currencies stay relatively equal in value. It certainly is not good, but let's be clear on our terms. I also think its important not to ignore the good news and focus primarily on just the worst case scenario.

While we should be prepared for bad economic times, it is not guaranteed. STEP 1: Rethinking Your Stock Portfolio shows you exactly how to solidify your portfolio with foreign securities that are better positioned to weather the storm and deliver meaningful long-term returns STEP 2: Gold Rush examines the various ways to capitalize on the bull markets in gold and silver and explains how these precious metals can add both safety and growth potential to a conservative foreign stock portfolio STEP 3: Stay Liquid discusses the different aspects of liquidity and the importance of having it during times of financial turmoil Even with all that's happened in the last few years, the real collapse still lies ahead.

With Crash Proof 2. Peter D. Business Finance Self-Improvement Nonfiction. Availability can change throughout the month based on the library's budget. You can still place a hold on the title, and your hold will be automatically filled as soon as the title is available again. The OverDrive Read format of this ebook has professional narration that plays while you read in your browser.

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Add a library card to your account to borrow titles, place holds, and add titles to your wish list. Have a card? Anyway, Schiff wrote Crash Proof just before the stock market crash and recession of In it, he essentially gives a step-by-step breakdown of how the dollar is likely to collapse.

Schiff doesn't put on a turban, examine his star charts, or channel any spirits--it genuinely seems like he just knows his shit.

Six months after the publication of Crash Proof, his predictions began happening. In it, you'll find advice about the investments you should be making to protect yourself from a U. If markets interest you at all, you should probably read this book. Aug 30, Marcus rated it it was amazing Recommends it for: Everyone. Shelves: economics , business , non-fiction. If you have any money, at all, you should read this book.

The sooner the better. If you don't have any money you should also read this book. There are a few reasons reading Crash Proof might not appeal to you: -Peter Schiff is a somewhat controversial name in the investing world.

All of those reasons are valid a If you have any money, at all, you should read this book. All of those reasons are valid and understandable, but still, it will be well worth your time to read this book. Feb 05, Brian rated it it was ok.

Peter Schiff is a fascinating individual. I first heard Schiff when he appeared on Joe Rogan and what he said I had been saying for years. He's not afraid to stir the pot against the mainstream media and the mores of other advisors.

However, this book looks like he threw it together and hoped it would be a best seller. Too much fluff. Repeats concepts over and over. Takes too much time to to get to the financial advice. His thirst for citation and research is lazy, borderline irresponsible. Appe Peter Schiff is a fascinating individual. Appears to struggle finding his target audience, white collar or blue collar? Laymen or academic? With that said, let's all hope for a recession and depression so the economy can heal and the dollar can regain its value.

The ever increasing bubbles were blowing are eventually going to pop and they're going to harm families in America anyway Nov 17, Nathan rated it it was amazing. This book is essentially the same as the original Crash Proof, but has updates at the end of every chapter. It's really a "see, I told you so" kind of book. Schiff predicted the housing nightmare back in He was right!

When the so-called experts say that nobody saw the crash coming, they are lying. Schiff explains the hows and whys in this book. Everyone who appreciates their money should read it. If you thought the housing bust was bad, you ain't see nothing yet! Now is the time to pre This book is essentially the same as the original Crash Proof, but has updates at the end of every chapter. Now is the time to prepare. Jul 30, Adam Gravano rated it really liked it Shelves: economics , self-help , business.

While the author spends a good deal of time talking his own book, there are still valuable lessons to be learned from his view of economics. It's a different way of approaching markets and wealth, but in some regards is worth considering -- even if one doesn't fully buy into the rhetoric of an impending or not so near future collapse of the dollar.

Feb 10, Mark Geise rated it it was amazing. This allows the reader to see what Schiff originally wrote and wrote he refers to in his updates. Though this book is now dated, the advice Schiff gives is still generally relevant. He has a long-range outlook and advises readers to focus on liquidity in foreign currencies, gold exposure, and conservative, high-yielding foreign equities.

He has separate chapters devoted to the housing bubble, the Fed, the dollar, the stock market, the lack of savings in the U. The excessive government and consumer debt, aided by extremely accommodative Fed policy, has created a situation in which inflation is likely the only way to avoid default.

Fed policy has also discouraged saving, leading to a lack of capital to finance investments in productive capacity. This perfect storm of factors may set the table for a financial calamity the likes of which not seen since the Great Depression. Hyperinflation is not out of the realm of possibility as foreigners shift their focus from saving and lending to consuming and many of the dollars abroad finally come home. Also, with the Fed likely facing no alternative other than to monetize government obligations, the long-term prospects for the U.

The U. What Schiff writes, specifically about housing, began to come true in , but government intervention delayed much of the pain and simply kicked the can down the road. Peter Schiff is always entertaining. Though I do not necessarily agree with every single thing he writes and says, I believe he is generally right. It simply is not sustainable. It is impossible to know when the reckoning will happen, but it has to happen eventually. It is not as if this type of portfolio would hurt in the long-run if the U.

However, in the event of a U. Feb 13, Jeb rated it liked it. Schiff is thorough, if a bit repetitive, in describing the problems facing the US economy. He spends the first seven chapters explaining, piece by piece, the various underlying instabilities in the US economy, why they matter, and what is being done to make them better or worse worse, in most cases.

It's written at a level that should be accessible to most readers. I'm an engineer, with no background in high finance, but I was easily able to follow along. The final three chapters lay out a plan Schiff is thorough, if a bit repetitive, in describing the problems facing the US economy.

The final three chapters lay out a plan for how to avoid personal misfortune in the widespread collapse that Schiff predicts. While he often recommends using his own financial services firm even going so far as to include his website and phone number at several points in the text , he also arms you with the questions and strategies to use to find another broker to execute the same or similar plan.

Since he published the first edition of this book in and many of his dire predictions started immediately coming true, it's interesting to read the second edition, to which Schiff has added a short follow-up at the end of each chapter explaining what has changed and what remains the same. My biggest criticism is that, for too many of his descriptions of fundamental problems, we are given only a brief description of the problem, with no data or supporting evidence to base it on.

Then we're led through sound logic building from these fundamental problems to a suggested course of action. The problem with this is that I have trouble following a suggestion so counter to popular opinion, whose reasoning is based on a foundation that must be taken on faith.

I'm a skeptic, by nature, so while some of these things I am able to confirm with my own experience or other reading, others I'm no so sure of and would be comforted by supporting evidence.

While I do think that Schiff is right for the most part; I think the book would be more valuable and find a broader appeal if it was more careful about documenting and supporting its claims. My second criticism is that Schiff says some things about business that make me think he hasn't much experience running one. His viewpoint on the economy seems to be that of, well, an economist rather than a businessman. It's like a baseball book written by an announcer as opposed to a player or a manager.

Since his focus is on a plan for individual investors, this is a good thing, and his perspective here is rock-solid; but his few stray points of advice to businesses seem out of place. This book was more useful than I expected in terms of understanding investment options in different economic scenarios, including foreign currencies or stocks. This "2. His writing style includes a very understandable explanation of Austrian This book was more useful than I expected in terms of understanding investment options in different economic scenarios, including foreign currencies or stocks.

His writing style includes a very understandable explanation of Austrian economics and the trends that have been occurring, but does not delve into economic formulas in any way that requires intense study.

I started to read this book largely because of my interest in economics, but was most pleased with how Schiff wraps up the current situation and clarifying WHY he recommends certain investments. While he may not be correct about the future, it gives a person a very clear perception of why he is making his recommendations. In fact, I would say it's likely some of the advice will be a mistake. He is exceptionally bold and confident about his predictions it would be fair to say arrogant.

Practicality says that with all the influences on global currencies, government spending, Fed policies, oil supply, etc However, if you already understand what mutual funds, bonds, Ks, etc are AND you don't really want to enter the world of day-trading or hedging or shorting Jul 23, Boni Aditya rated it liked it.

More than half of the book is just based on the presumption that the foreign powers would realize the worthlessness of the US dollars and US assets and throw the money back at US. What if it were never to happen. If all the foreign powers are more than content to hoard 50 trillions of US debt each.

This would go on for another 50 years. The author does not consider the extent to which humans can be stupid. He assumes that markets are clever, i. He fails to understan More than half of the book is just based on the presumption that the foreign powers would realize the worthlessness of the US dollars and US assets and throw the money back at US.

He fails to understand that markets are stupid, markets are emotional, they are sentimental and foolish. There is one other bad habit of the author, which is to load huge number of jargons into one sentence and make that sentence very very long. Thus many of these sentences had to be googled i. I had to stop reading and search for meanings of many words that he started using. For Example Let us look at this simple excerpt of the book Short covering What is short covering?

Perhaps one of the biggest sources of new demand will be the covering of short positions. However, as gold prices continue their ascent, these carry trades will ultimately prove too heavy to support Why are they so difficult to support?

Where is the logic? How do you assume that you will say something and i would intuitively gain the context required to understand it? Compounding the problem will be the fact that many of the debt instruments providing the carry may lose value or even go into default. The rush to cover money-losing short positions what traders call being in a short squeeze What the heck is a short squeeze?

Can't you give a simple definition here? In fact, it is very likely that many of the gold shorts will go broke and will not be able to return the gold they borrowed to the rightful owners.

Why will they go broke? What is the logic? This will mean that many investors, including central banks that have lent out significant percentages of their reserves, will not get their gold back.