The Real Crash

America's Coming Bankruptcy - How to Save Yourself and Your Country

De: Peter D. Schiff

Narrado por: Oliver Wyman

For over 30% new material including many startling developments that have occurred in the past few years, check out The Real Crash Fully Revised and Updated Edition, on sale now.

You might be thinking everything's okay: the stock market is on the rise, jobs are growing, the worst of it is over.

You'd be wrong.

In The Real Crash, New York Times bestselling author Peter D. Schiff 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. Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: the United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence.
We're in hock to China, we can't afford the homes we own, and the entire premise of our currency---backed by the full faith and credit of the United States---is false. Our system is broken, Schiff says, and there are only two paths forward. The one we're on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens.
However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending---eliminate entire agencies, end costly foreign military escapades and focus only on national defense---and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, restructure its debts, and reform our system from the ground up.
Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don't. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predicts.

must read

Would you consider the audio edition of The Real Crash to be better than the print version?

Great book. I recommend this to all my friends. I feel like I understand the economy and my personal finances much more now. Thanks, Peter.

Good "read"...

He makes some great points. Hopefully it does not come true, but I believe he is right. The question is when?

Schiff details how self-interested politicians are bankrupting America!

An eye opening read. Peter Schiff, who accurately predicted the housing collapse and its root causes two years before it happened breaks down down the economy like no other, explaining how self-interested politicians in both parties are legislating and regulating the U.S. economy into another financial crisis that will dwarf the housing collapse of 2008.

A must read!

I knew basics about our national debt, fiat currency, the gold standard, the fed, etc. but I cannot overstate the amount of detailed information in this book. Going to be a must read for my entire family. A huge bubble is going to burst in the future. This is what to read on educating yourself and begin to get ready. Read it NOW!

Peter nails it

Great insight and explanation, but also depressing realizing this won't be followed and we will most likely head down the opposite path as a country.