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The Real Crash Audiobook

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.
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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

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Performance
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  •  
    Benjamin Kalgoorlie, Australia 12-18-12
    Benjamin Kalgoorlie, Australia 12-18-12 Member Since 2011
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    "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
  •  
    Ryan United States 12-01-12
    Ryan United States 12-01-12 Member Since 2012

    Life is a journey, enjoy it......because one day it will all end.

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    "If you read Crash Proof 2.0 - skip this one."
    Would you recommend this book to a friend? Why or why not?

    No, to much about Schiff's political views.


    Would you ever listen to anything by Peter Schiff again?

    Perhaps


    Which scene was your favorite?

    N/A


    If this book were a movie would you go see it?

    No.


    Any additional comments?

    Lets save some time for you...

    1. Buy Gold
    2. Schiff thinks he has the answer to our political problems and wants to be in government office.
    3. Don't count on any government programs to be there for you in the future.
    4. We are going to have a currency war in the future.
    5. Government regulation is killing the economy.

    ....now that I saved you the cost of the book and time to listen to it, go download something that is actually helpful. At least the narrator is good.

    7 of 14 people found this review helpful
  •  
    Randall 11-02-12
    Randall 11-02-12
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    "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
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    "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
  •  
    Mike K. 08-27-12
    Mike K. 08-27-12
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    "Poor reading, content OK, many points belabored .."
    Would you say that listening to this book was time well-spent? Why or why not?

    Was it time well spent? It was often annoying to listen to this reader, and the author often belabors a point he's making, repeating the same idea over several sentences. The content itself was mediocre. There are many other books on the same subject that I've listened to which have been more worthwhile.


    How could the performance have been better?

    The reader's cadence varies significantly throughout the book. He is also often overly dramatic in his reading, many times seeming to place emphasis where it didn't seem the author would have meant to. I almost didn't listen beyond the first 10 minutes, as you can hear the reader inhaling after every sentence. This seemed to have subsided further in to the book (either that or I just got used to it).


    If this book were a movie would you go see it?

    No.


    0 of 0 people found this review helpful
  •  
    Charles Faris 08-20-12 Listener Since 2002
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    "Scary Unavoidable Future Book"
    What made the experience of listening to The Real Crash the most enjoyable?

    Peter Schiff puts real and understandable information together to clearly show how the government has created a monetary bubble and gives periodic tips to avoid the inevitible crash of that bubble along the way. Very informative, understandable content should make you fiscally scared of the future. At least the book does tell you how to prepare yourself.


    What was the most compelling aspect of this narrative?

    The overall situation we are in is clearly supported with real world information and statistics. It clearly explains how the US got to this point and where it must go, eventually.


    Have you listened to any of Oliver Wyman’s other performances before? How does this one compare?

    No


    Was this a book you wanted to listen to all in one sitting?

    Yes, but I cannot due to the nature of my daily schedule.


    0 of 0 people found this review helpful
  •  
    Rowdy SEATTLE, WA, United States 08-20-12
    Rowdy SEATTLE, WA, United States 08-20-12 Member Since 2014
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    "Title is a bit misleading, but..."
    Would you listen to The Real Crash again? Why?

    Yes, while Peter does an excellent job of articulating his points there is a lot of information on all types of topics that have to do with fiscal responsibility and personal freedom that I don't think one can absorb it all at once.


    What three words best describe Oliver Wyman’s performance?

    Overdramatic, Stale, Exhausted


    If you could give The Real Crash a new subtitle, what would it be?

    Identifying the Problems in America Today and How Economic and Political Freedom Can Solve Them.


    Any additional comments?

    The title suggests this to be a standard macroeconomic review of Americas economy and the coming devaluation of the dollar to be expected from the bursting of the government debt bubble, but it actually turned out to be a lot more general than that. It pursues all types of government policies, from the minimum wage to health care to public education. Overall I think the Schiff has done better works than this but it's still definitely worth a read. Would probably be a great introduction to the Democrat or flaming socialist in your life on the ideas of liberty and economic freedom.

    0 of 0 people found this review helpful
  •  
    Gilbert Greensboro, NC, United States 05-31-12
    Gilbert Greensboro, NC, United States 05-31-12
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    "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

    3 of 6 people found this review helpful
  •  
    simon ashburton, New Zealand 06-30-12
    simon ashburton, New Zealand 06-30-12 Member Since 2015
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    "In full agreement...then EEEK!"

    I found myself listening, humming along, saying to myself "Now here's a man who says it like it is, somewhat radical, unafraid to state unusual and unpopular remedies for the woes of the state, the economy, the daylight robbery going on in front of our noses, daily."
    Suddenly, out of the blue, comes the extraordinary position that somehow the the rest of creation is ours to do what we want with, if it is in the way, in order to allow us the comforts and standard of living we feel we would like.
    I am afraid this diminishes the writer.
    He sees any attempt to mitigate the current, horrible state of the environment as a conspiracy against the market.

    1 of 3 people found this review helpful
  •  
    Graham Los Angeles, CA, United States 06-02-12
    Graham Los Angeles, CA, United States 06-02-12 Member Since 2014
    HELPFUL VOTES
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    "Great First Chapters, Disappointing Follow-Through"
    Any additional comments?

    Perter Schilff makes a bold and interesting argument that America is past the point of no return being overburdened with dept and has a bloated expensive government. In the first couple of chapters he lays out his argument that the 2008 dept crisis was just the overture to a more catastrophic collapse yet to come. He rails on the Federal Reserve???s quantitative easing, explores the depth of the dept problems and argues that fiat currencies are destined to fail. However, the problem with this book is that this argument is fully described and reiterated two or three times by the end of the first hour and a half. For the next 11 and a half hours he argues about anything and everything he thinks is wrong with America. This includes such matters as illegal immigration, gay marriage, and problems he had with the government involving his brokerage firm.

    Some of his arguments border on ridiculous, such as that the IRS has never had a right to levy income taxes on individuals because the definition as defined by a court decision a hundred years ago of income is something that only applies to corporations.

    Some of his arguments I enjoyed such as his explanation and critical viewpoints on the Federal Reserve. Making the argument that it was never intended to be a source bail-out schemes, or to print money. However this book is defiantly not worth the credit I spent on it. You may like this book if you are politically very conservative. He supports the ideas of both Herman Cain and Ron Paul, supports reducing taxes and the size of government, but be careful because he also wants to legalize heroine and prostitution. If, like me, you are more interested in the policies that directly relate the current dept crisis such as a critical discussion of the Federal Reserve you should listen to Currency Wars by James Rickards.

    4 of 11 people found this review helpful

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