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.
Listen to this book if you want a different perspective on buying and holding stock--if you think the U.S. has seen its last hurrah. Listen to this if you want to understand an alternative view of investing in foreign stocks and gold. Listen to this if you want a long commercial of buying these investments from his firm. It's like listening to a good mechanic tell you what's wrong with the car and then telling you to leave the car with him. You appreciate the advice but wonder if there was an alterior motive. The narration was very good and the book was quite interesting. As a result I will do more research.
There is a lot not to like about this book. One of the co-authors constantly advertises what a genius he is and in later chapters, pumps his own brokerage firm. The chapter on Gold is particularly weak. And he seems to take an uncritical eye toward Japan, which is in at least as bad a shape as the United States with more immenent demographic concerns.
On the other hand, it is impossible to ignore the unsustainable debt levels of the US and that there will be ramifications down the road. Mr. Schiff correctly identifies that when a crisis in the dollar hits, it will be too late to hedge. He also correctly identifies at length why TIPS are not a good investment, because the CPI cannot be trusted, and is likely to be less trust worthy in the future.
The reading is well done, including a nice impression of former President Bush.
Worth a read, but the process will be painful nonetheless.
Peter Schiff, I agree with your financial philosophy but is it necessary to make the reader/listener listen to you go on and on and on telling us how you were right in your predictions? I'm not any smarter after hearing your pound your chest. Save us that and just get to to good economic fundamentals your so good at.
This book comes with naked personal agenda. Basically, it bashes all the the current government gets wrong, or so the writer claims. Full of soundbites and clever lines. Makes me feel like i'm listening to a very long election campaign speech. I could only bear 2 hours of the book before i decided to give the rest up.
Peter Schiff states "...of course the Asians didn't realise that the dollars they wanted so badly no longer had gold backing."
I am not Asian but this sentence makes me angry. How can there be peace in the world when authors know so little about the intelligence of people in emerging nations and tout such ridiculous nonsense. I find it hard to trust anything he now has to say. When did you find out Peter? It's common knowledge!