The Real Crash

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

By: Peter D. Schiff

Narrated by: Oliver Wyman

Length: 12 hrs and 55 mins

Publisher's summary

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 best-selling 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, default on 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.

©2012 Peter Schiff (P)2012 Macmillan Audio

It's here

Every word of Peter Schiff is unfolding with mathematical precision. Now it's 2022 .I believe the Goverment has been planning our destruction for over a100 years.I guess most people learn the hard way.

A much needed dose of reality

I wish that I had been exposed to some of these ideas about 15 years ago! Then I wouldn't have $50k+ student loan debt on my back...

Give this book to anyone looking to go to college, not knowing what they want a degree in. Better to not waste the money on a worthless degree and being stuck with tons of debt.

Peter Schiff....IS STILL RIGHT!

Where does The Real Crash rank among all the audiobooks you’ve listened to so far?

Peter Schiff....IS STILL RIGHT!

What was one of the most memorable moments of The Real Crash?

Peter Schiff....IS STILL RIGHT!

Which scene was your favorite?

Peter Schiff....IS STILL RIGHT!

Did you have an extreme reaction to this book? Did it make you laugh or cry?

Peter Schiff....IS STILL RIGHT!

Any additional comments?

Peter Schiff....IS STILL RIGHT!

A great introduction for beginners

What did you love best about The Real Crash?

It explains the origins of the Federal Reserve, our tax system, goes into depth about the current/past recessions, gives detailed plans about how to improve/fix the system we have while considering the consequences of both continuing on the path we're on...and the consequences of changing things in such a way that the market becomes stable.
It does all of this while remaining easy to comprehend and at times entertaining.

What was one of the most memorable moments of The Real Crash?

I began listening during the drive back to North Carolina from our trip to Atlanta while my wife and daughter slept. After about 3 hours into the drive, my wife wakes up...apparently listening to the audio while she slept. Normally she doesn't follow the economics behind the political decisions made by our elected officials, but she understood and was captivated enough to stay up and continue to listen for the next two hours.
She's opening her own audio account and purchasing the hardcover of the book, just so she can listen to the rest of the book during her own free time. That says quite a bit!

Which character – as performed by Oliver Wyman – was your favorite?

I'd assume Oliver played the role of Peter Schiff, and he did a great job. At times, his voice changed and I assumed that another voice actor relieved him and that threw me off. Overall, it did not harm the importance of the subject matter

Any additional comments?

I'm a former mechanical engineering/mathematics minor student that did not finish school and currently works as a security officer for the North American headquarters of one of the largest international corporations in the world. During the course of the last 7 years, while trying to decide to finish my degree, I've done my own research and study into economics and found the Austrian theory to be most in tune with my personal philosophy. Not only did this book reaffirm my feelings on the subject of economics, but it has inspired me to make the decision to finish school and change my major into either accounting or a field in economics.
Whle the decision is mine alone, the affirmed confidence in my theories into how and why the economy got to this point contributed inot me making that decision and I greatly appreciate it. Who knows, I might meet Peter Schiff one day

Next to 'Economics In One Lesson'

Amazing analysis of economic environment. Learned a lot of about Government and economics and the dance between them. Peter Schiff dissected the sound theory of economics and exposed the hidden dangers when Government takes control of the economic environment.

Very good book

Really good information about our current government and the financial world. Read enjoyed the book.

Should be compulsory reading

Comprehensive analysis of the state of affairs that the American electorate and their politicians should discuss.

great book, I really like Schiff's insight.

I found this book easy to listen to and easy to follow. I will be buying more audiobooks buy Mr. Schiff.

Eye-opening

I’m blown away at the depth of this book I knew there were some issues, you can feel that in your gut, but truly understanding all that is happening in our economy both nationally and internationally is mind blowing.

Can these solutions ever be implemented.

Well written and performed and very very very interesting.

The solutions proposed make very good sense...the bit that's missing is how to get from here (where we are now) to there (Implementing the Author's proposals)...without a complete breakdown of society.

This text should be studied in all high school economic classes and should be compulsory reading for all that want western societies to flourish again.