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Randall

Huntsville, AL, USA

6
HELPFUL VOTES
  • 1 reviews
  • 1 ratings
  • 10 titles in library
  • 0 purchased in 2014
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  • Crash Proof: How to Profit From the Coming Economic Collapse

    • UNABRIDGED (8 hrs and 36 mins)
    • By Peter D. Schiff
    • Narrated By Sean Pratt
    Overall
    (341)
    Performance
    (72)
    Story
    (70)

    From both an economic and monetary perspective, the United States is a house of cards; impressive on the outside, but a disaster waiting to happen beneath the surface. In a relatively short period of time, the country has gone from the world's largest creditor to its greatest debtor; the value of the dollar has declined; and manufacturing has given way to non-exportable services.

    Paul says: "Wrote late 2006 and predicted 08 and 09 VERY well"
    "Get this book AND take action."
    Overall

    The book is good to understand how the US economy has gotten into the shape it's in and what to do about it. There are good basics on banking and investing. As others have mentioned, parts read a bit like a marketing brochure for Schiff's Investing Company, but I don't think it's such a problem in this case. He gives equal advise to persons seeking equal services from other companies. To the detractors I'd say that taking some of the recommended actions could still put one in some stable defensive positive value investments whether the authors negative view on the US economy materializes or not. I read this at the peak of passing the 700$B banking bailout bill (09/2008), and realize that Schiff was predicting such a colapse as he wrote the book 2 years ago (2006). The author's cause is significant, but commenting as a book only, I find it informative and well written, and in audible's case, well read.

    6 of 6 people found this review helpful

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