We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.com/access.
 >   > 
The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country | [Peter Schiff]

The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country

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.
Regular Price:$27.99
  • Membership Details:
    • First book free with 30-day trial
    • $14.95/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

Your Likes make Audible better!

'Likes' are shared on Facebook and Audible.com. We use your 'likes' to improve Audible.com for all our listeners.

You can turn off Audible.com sharing from your Account Details page.

OK

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

What Members Say

Average Customer Rating

4.1 (301 )
5 star
 (137)
4 star
 (94)
3 star
 (46)
2 star
 (14)
1 star
 (10)
Overall
4.1 (256 )
5 star
 (120)
4 star
 (76)
3 star
 (34)
2 star
 (14)
1 star
 (12)
Story
4.1 (257 )
5 star
 (112)
4 star
 (89)
3 star
 (32)
2 star
 (14)
1 star
 (10)
Performance
Sort by:
  •  
    steven s 07-23-15
    steven s 07-23-15 Member Since 2013
    ratings
    REVIEWS
    4
    2
    Overall
    Performance
    Story
    "The worst Peter Schiff book I have read."
    Would you try another book from Peter Schiff and/or Oliver Wyman?

    not sure. i have two other books by Peter Schiff that i felt were very good. this one...not so good. i am pretty sure i will not purchase another book narrated by Oliver Wyman. His narration comes off as if he is reading to children or the coaxing of a small puppy to do the right thing.


    Has The Real Crash turned you off from other books in this genre?

    nope..maybe further books by Peter Schiff


    Who would you have cast as narrator instead of Oliver Wyman?

    Sean Pratt


    What character would you cut from The Real Crash?

    no character but i would cut his far right beliefs that attack seniors and people who live in poverty. Entitlement fraud costs us a lot less that what the financial professionals stoled when the housing bubble burst.


    Any additional comments?

    Does he really believe that any money the cuts he recommends will save will really help. I believe the CEOs will be the only ones that profit.

    0 of 0 people found this review helpful
  •  
    otter 07-13-15
    otter 07-13-15 Member Since 2014
    ratings
    REVIEWS
    3
    3
    Overall
    Performance
    Story
    "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.

    0 of 0 people found this review helpful
  •  
    jason Smyrna, TN, United States 06-20-15
    jason Smyrna, TN, United States 06-20-15 Member Since 2010
    HELPFUL VOTES
    3
    ratings
    REVIEWS
    55
    10
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Some interesting ideas that will NEVER take root."

    First let me say the inflection and emphasis the narrator uses made this very dificult to get through and actually made me keep having to remind myself to evaluate the content and not his smarmy sarcasm. On content, it seems like the author is not done crowing about how he saw the housing bubble for what it was and now wants to use that shop worn credibility to tell us how to fix virtually all of the economy. He stops short when taking on the massive expense and misuse of the military but all other institutions from Healthcare and education to the staples of taxes and Social Security. He shows the same pussyfooting lack of conviction on the military as most politicians do. All other government functions are fair game but not the military. For that we just need a few tweaks. I find myself agreeing with much of the assessment of the problems but the proposed plan to "fix" things is almost always either completely absurd or the chances of adoption are nihl. There is just no way what the author proposes will be adopted short of another revolution and a start from scratch. Some of his proposals are just bad all around like the total abolition of the FDA because it has many problems. Just abolish the whole agency because it drives up costs in drug development. He also ignores the human nature factor. Saying if you abolish employer health care will immediately cause employers to pass the savings on to their employees in cash right away is just ridiculous.

    0 of 0 people found this review helpful
  •  
    Ryan 05-13-15
    Ryan 05-13-15 Member Since 2015
    ratings
    REVIEWS
    13
    13
    Overall
    Performance
    Story
    "Exceptional"

    Not only did this book lay out the logical problems and consequences of current U.S. policy but it also provided logical unbiased solutions to thwart a coming financial collapse. I highly recommend this book. I wish it would have spent a little more time on what people can do as individuals to offset a financial collapse.

    0 of 0 people found this review helpful
  •  
    Chris Schwindt Portland, OR United States 04-16-15
    Chris Schwindt Portland, OR United States 04-16-15 Member Since 2013
    ratings
    REVIEWS
    12
    1
    Overall
    Performance
    Story
    "Great book must read but overly smarmy narration"

    The book is really good and enlightening goes into quite some Deb on a number of real issues facing or country in society and economy the narration is overly smarmy and smug rather than a little bit more objective would have been much better

    0 of 0 people found this review helpful
  •  
    Philip bolivar, MO, United States 11-09-13
    Philip bolivar, MO, United States 11-09-13
    HELPFUL VOTES
    5
    ratings
    REVIEWS
    16
    7
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "You aren't listening to the book for the narrator."
    Would you recommend this book to a friend? Why or why not?

    I would but as a book not an audio book. Schiff made several interesting observations and has what I would consider sound investing advice that is widely agreed on. He advocates investing for cash flow, compound interest, etc. I would recommend it while advising not to take everything Schiff says at the gospel truth and to read the actual book because the narrator is terrible. As sound as Schiff's investing for cash flow instead of capital gains advice is, he suggests we should legalize prostitution, abolish the income tax and minimum wage. He knows more about the income tax and minimum wage than I do, he may bet right. I rarely say someone has a stupid idea but legalizing prostitution is STUPID. There's no other word for it. Every reason Schiff advocates for legalizing prostitution (healthier, less abused prostitutes, fewer arrests, tax revenue) is completely untrue as study after study have proven. The idea is so ridiculous, irresponsible, inconsiderate, uninformed and maybe even sexist it makes me question everything else Schiff says.


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

    Schiff writes that Warren Buffett plays politics. When Wyman reads it he sounds disgusted, and makes it seem as though Schiff is a hateful, jealous wine-bag.


    Would you be willing to try another one of Oliver Wyman’s performances?

    No. He's terrible. His performance sounds like a 12 hour complaint. It is so bad that one must have an IQ above 120 or maturity level of a wise man to block it out and listen to Schiff's ideas for what they were and not as a list of complaints.


    1 of 2 people found this review helpful
  •  
    john Chicago, IL, United States 08-12-13
    john Chicago, IL, United States 08-12-13 Member Since 2014
    HELPFUL VOTES
    1
    ratings
    REVIEWS
    2
    2
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Read this book. Adjust your voting accordingly."
    What made the experience of listening to The Real Crash the most enjoyable?

    The content of the book. Schiff gives a fantastic history of the economy/currency/taxation etc. and is able to break complicated material down for just about anybody to understand


    Any additional comments?

    The narrator might go a little overboard, but he is better than most. You don't get the sense that he's just reading words on paper like a lot of narrations. Read this book.

    0 of 0 people found this review helpful
  •  
    Benjamin Kalgoorlie, Australia 12-18-12
    Benjamin Kalgoorlie, Australia 12-18-12 Member Since 2011
    ratings
    REVIEWS
    108
    4
    Overall
    Performance
    Story
    "Great start, preachy finish."
    Would you say that listening to this book was time well-spent? Why or why not?

    The first half was very interesting and a great summary of recent financial history. The 2nd half...meh, too political and preachy for my liking.


    Any additional comments?

    Still worth a listen.

    0 of 0 people found this review helpful
  •  
    Randall 11-02-12
    Randall 11-02-12
    HELPFUL VOTES
    54
    ratings
    REVIEWS
    246
    17
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "It's about time!"

    Finally! I rarely write reviews but this one is well worth it. I have read many books on the economy and this is the most informative one of them all. Schiff, combines and defends all the pros of the Austrian economists and shows how the Marxist and Keynesians will fail. He, as far as I know, is the only one who swam against the stream and predicted the housing collapse with his logic. Now he is predicting a future government-fiat money collapse using the same reasoning. He also gives specific ideas on how to protect yourself. This may be the only author that I agree with 100 percent. The reader was perfect for the task. Excellent!

    0 of 0 people found this review helpful
  •  
    Jerry United States 09-24-12
    Jerry United States 09-24-12
    HELPFUL VOTES
    19
    ratings
    REVIEWS
    41
    14
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Strongly Libertarian, but interesting"

    Peter is strongly libertarian, but I found myself agreeing with much of what he had to say. As such, much of what he discusses has about as much chance of becoming real as an ice storm in July. There are some points however than can provide some food for discussion and at the present time neither of the major political parties seem to be able to do much more than yell at one another, and walk or chew gum. Maximum of two of the three.

    0 of 0 people found this review helpful

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

Cancel

Thank you.

Your report has been received. It will be reviewed by Audible and we will take appropriate action.