Crash Proof 2.0

How to Profit from the Economic Collapse

By: Peter D. Schiff

Narrated by: Sean Pratt

Length: 11 hrs and 55 mins

Publisher's summary

The economic and monetary disaster, which seasoned Wall Street prognosticator Peter Schiff warned of in the best-selling first edition of Crash Proof, is no longer hypothetical - it is here today. And while most people believe that the economic collapse is over, the reality is that it has only just begun. That's why he's returned with Crash Proof 2.0.

For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing a growing economic storm - brought on by bursting bubbles and growing federal, personal, and corporate debt - that will only continue to intensify as the U.S. government refuses to allow market forces to repair the damage.

Crash Proof 2.0 picks up right where the first edition - which clearly foresaw the bursting of the real-estate bubble, credit crunch, and the insolvency of Fannie Mae and Freddie Mac - left off and includes much more up-to-the-minute analysis and advice. This timely guide takes into account the dramatic economic shifts that are reshaping America and provides you with valuable insights that will allow you to protect yourself, as well as prosper, during the difficult times that lie ahead.

Throughout, Schiff explains the factors that will affect your future financial stability - from the bubble in bond prices and collapse of the dollar to surging long-term interest rates and run-away inflation - and offers a specific three-step plan to battle today's economic downturn and tomorrow's market mayhem.

©2009 Peter D. Schiff (P)2009 Gildan Media Corp

Critic reviews

"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, listen to this audiobook." (Glenn Beck)

Interesting perspective

Great audio book, but I had big issues with the volume spiking on the recording.

Great Book!

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.

Great Info and knowledge

I loved this book. Peter explains the current crisis in 2020. Great book. Good writing.

Just as relevant as it was in the mid to late 2000’s

Not only that, but the problems that led to the financial crisis are even larger NOW! The government continues to ignore the out of control deficits by spending even more money that they don’t have! Peter is able to explain all of this so that even the most casual investor/American can understand in the simplest terms. If you are unfamiliar, now is the time to protect your wealth and family buy heeding his advice, but do it now. Time is no longer on your side.

ASIANS ARE IGNORANT????

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!

A broken clock

A broken clock is right twice a day and this book is right twice every two recessions. I hoped this book would have some real strategy for preparing for a recession, but it didn't. It was a lot of up-selling the author's business. The very thesis of this book that US Dollar would collapse, never happened. Further, the author claimed the dollar would lose purchasing power compared to other currency, except it didn't. The author pointed to the US Dollar Index as the portent, but it's even higher now than it was. There's no credibility here.

blow your own horn

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.

1 x 1 does not equal 2.0

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.

a Republican view

I lost interest when the author blamed the Obama administration for our economic woes. The author does not seem to grasp the concept that money is like water: when it flows, it can do work. When it's stashed under the bed, it doesn't flow and does no work.

Naked political agenda

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.