99 percent of this book made immediate sense to me. I dont like this book because I agree with Schiff........ I like it because he agreed with me! The book is full of analogies that explain things in new ways, and they are all fantastic.The only thing i disagree with schiff about is his timelines. He gives far too much credit to our government. Schiff actually thinks its a possibility that our politicians might (before its too late) decide to confront the crisis head on.Did I mention it was common sense?
P.S. Ignore the inept liberals writing phony reviews on this book. This is not fox news, this is not the republican agenda.
Surfer, musician, business coach, healthcare facilities management director.
Great perspective. Author is so confident of the scenarios, and was proven right to a large degree shortly after releasing the first version, with the rest still playing out in slow motion. I really enjoy his perspective and investing philosophy. The 09 updates are well placed, and I like that he kept the original text intact, while inserting discrete updates. I highly recommend this book and author. Narration was bang on.
I wish I had seen his latest book, The Real Crash first, though. But this is still relevant to our current economic situation. The big thing here is to look past the politics and listen to the information, then make up your own mind, as he's seemed to have avoided voicing his political views for the most part. It would be silly to discredit everything somebody says simply because of their party affiliation. Listen with an open mind.
I have read several books on the economy since the 2007-2008 crash. This is very good in that he provides viable suggestions on what may happen and what to do. Now this was written years ago, and Schiff maybe ahead in his predictions. I wish I bought gold when it was $600 or $700/ounce not long ago. Gold is down now, surely will glisten again. The US debt and even that of Europe together with aging populations will cause a deflationary situation that will affect us all. Maybe 2014 is a more optimum time to read this book then on 08 or 09?
Life is a journey, enjoy it......because one day it will all end.
How the author broke down the housing crisis and economic disaster we encountered.
Sean Pratt is a good narrator, sometimes that is hard to find with audible books.
Use as a history of the housing and bank collapse with an economic point of view.
Understand that some of Schiff's political point of views and ideals come out in this book. It is not as bad as some of his others. Once you get past him telling you how right he was and how no one listed to him as well as the several plugs for his one company it is pretty good. Do not use this book for the modern economic condition but a history lesson that one could possibly learn from if the government does not fix our tax and spending problem.
Peter Schiff wrote this in 2006 and nailed the outcome. The 2009 updates provide great insight. This book is still accurate and relevant in 2012. Can't wait to read his new book about to come out.
Peter Schiff is able to clearly articulate the cause and effects of inflation in the US the ongoing devaluation of the dollar and how everyone can put a plan to mitigate exposure to these risks to reduce impact to them. I found his 2009 updates somewhat amusing, almost like an adults version of "I told you so". In any case, the audio book was informative and educational and would recommend it.
If you're thinking of buying "Crash Proof", skip it and buy this great book. "Crash Proof 2.0" contains the chapters of "Crash Proof" with a 2009 update at the end of each chapter. This is a super book by Peter D. Schiff. He really called the housing bubble early, as well as the market drop. He outlined the rationale in 2006 and his predictions came true in 2007-2008 and are even now continuing to be proven accurate. In this book, he's predicting further trouble ahead. It's kind of an economic horror story with a map on how to escape the walking dead included. Now I know what to do to insure more economic security for my family, regardless of how bad things get. (and it's not buy guns, canned goods and build a bunker). Thank you for the action plan, Mr. Schiff.
If you read the first one, skip this one. The first book is contained in the second book word for word, with some annotations. I am very disappointed I wasted one of my credits on it.