The Real Crash: America's Coming Bankruptcy How To Save Yourself And Your Country

Description

Peter D. Schiff has fully revised and updated his provocative "New York Times," "Wall Street Journal," and "USA Today" bestseller "The Real Crash." First published in 2012, "The Real Crash" argues that America is enjoying a government-inflated bubble, one that reality will explode...with disastrous consequences for the economy and for each of us.Since 2012, what has happened with our economy? The stock market continues its illusory gains, the Fed "tapers" while some jobs return, and yet the fundamental threat to our way of life has only grown worse-- much, much worse. The United States government nearly defaulted on its debts and the solution was to raise the debt limit-- to spend yet more money, to go even deeper in hock to China, and to burden every American with obligations that are impossible to repay. With incisive analysis and expert financial understanding, Peter D. Schiff reveals that the road we're on will lead to an abrupt devaluation of our currency and a crash that will upend our power, our political system, and our way of life. This new edition of "The Real Crash" includes more than 35,000 new words of text, which cover: -The 2013 government shutdown, the debt crisis, and how the solution only dug a deeper hole-The IRS political auditing scandal and why the average American should care-What will happen when the government stops inflating the stock and real estate market bubbles-How Detroit's bankruptcy mirrors our national situation: too many promises, not enough revenueTo avoid complete collapse, America must drastically reduce government spending, and regulations that drain businesses and suppress economic growth, eliminate costly and unnecessary agencies, stop foreign military escapades, and cut entitlements of all kinds for all classes of people. And, with wisdom born from having predicted the Crash of 2008, Peter D. Schiff explains how to protect yourself, your family, your money, and your country from the even greater crash that lies ahead.

Reviews

"Peter Schiff sounded the alarm about the housing bubble created by the Federal Reserve and predicted the bubble's inevitable collapse, yet he was ignored by mainstream economists and ridiculed by the media. In The Real Crash he is at it again, illustrating how the financial crisis of 2008 is nothing compared to what is coming down the road. Peter Schiff is right again. I hope more people listen this time." - Ron Paul; Congressman (TX-14) and three time Presidential Candidate "Peter Schiff's new book "The Real Crash; America's Coming Bankruptcy" is written in the same blunt and punchy style that makes him a favorite guest on my Fox News show. It's not just what he says, but the fact that he lives what he says. Unlike Some authors who talk about business as spectators, Peter doesn't speak from the ivory tower of academia or from the comfort of an anchor chair. He runs a real business and fights every day to make it a success in spite of all the government's tax and regulatory policies."-- Mike Huckabee; Host of The Huckabee Show and former Arkansas Governor and Presidential Candidate "America's political leaders should have taken Peter's 2007 book, Crash Proof, to heart before they tried to borrow, print and bail us out of trouble. Today, they -- along with all Americans -- absolutely must take heed of The Real Crash. Peter Schiff understands the marketplace, and he understands the consequences that occur when government attempts to manage that marketplace. Pay attention, America!"-- Gary Johnson, Former governor of New Mexico and presidential candidate "In 'The Real Crash, ' the fearless Peter Schiff has written the most compelling argument against central economic planning and debt-financed consumption to come along since our present woes were exacerbated in 2008. His explanations of how unfettered free choices will produce prosperity, and how ending the Federal Reserve, abolishing the IRS, and returning to the gold standard will tame the feder

Author description

PETER D. SCHIFF is an American investment broker, author, and financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate seat from Connecticut. He frequently appears as a guest on CNBC and Fox News, and is the host of the radio show and podcast "The Peter Schiff Show." He is the author of the" New York Times" bestselling "Crash Proof" and "Crash Proof 2.0," as well as "The Little Book of Bull Moves in Bear Markets," which was also a "Business Week" bestseller.