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)

Crash Proof 2.0

Masterpiece.One of the most brilliant minds in Economics. I never miss a Podcast of Peter Schiff.Sad that so many people are blind to these Economic and Political facts.

update to 3.0

great advice for the still coming crash. there should be an update for a ten year later advise .

Watch of the the screeds and the shills

The first half of the book is a screed. The second half is a shill. Chicken little, is the sky falling? Never worry! He is there to take his 2% fee when you follow the advice in his book! It’s good to listen to this book, so you can know what the paranoiacs are experiencing. Financial advice should be free from emotion — this book, it is far, far from that.

Phenomenal

A must read for anyone wanting to understand the structural layout of what is going on in American economics today!

Sound advice based on common sense.

If I had followed Peter Schiff's advice when I listened to Crash Proof when it was first released I would probably be pretty happy with the current state of my portfolio instead of pretty unhappy that I lost more than half of it. Well, I'm listening now.

This is the first book, updated at the end of each chapter. Timely info based on sound money economics.

Peter has stood the test of time. His predictions in 1.0 we're mostly on the mark. More importantly, his overall strategy has been proven correct for anyone that is investing for the long-term.

Paul Krugman fans turn back now,.. unless you want to hear the truth about how big government will continue to drag us all down the Road to Serfdom.

Well, hind-sight being 20/20 and all; I am following his advice now.

An insightful description on the economy

What did you love best about Crash Proof 2.0?

How the author broke down the housing crisis and economic disaster we encountered.

Who was your favorite character and why?

N/A

What does Sean Pratt bring to the story that you wouldn’t experience if you just read the book?

Sean Pratt is a good narrator, sometimes that is hard to find with audible books.

What’s the most interesting tidbit you’ve picked up from this book?

Use as a history of the housing and bank collapse with an economic point of view.

Any additional comments?

Understand that some of Schiff's political point of views and ideals come out in this book. It is not as bad as some of his others. Once you get past him telling you how right he was and how no one listed to him as well as the several plugs for his one company it is pretty good. Do not use this book for the modern economic condition but a history lesson that one could possibly learn from if the government does not fix our tax and spending problem.

Advice is still relevant

The information in this book is still relevant even though the updates were written in 2009. Peter's advice is timeless.

actual advise

most books give hints around what to do but this gives a doable plan that can be researched

This is an Eye-Opening Book

The crazy thing about this book is the economic concepts seem so simple and logical yet Wall Street, Politicians and Americans never saw any of this coming (including myself).

The first half of the book does a great job of discussing "Classical Economics" and explains how the US has gotten into the economic situation we are in and what the effect will be going forward. The second part of the book is focused on investing accordingly.

Whether you are an investor or just a student of current economic policy and government I think you will find the book very powerful.

This book is the original book written in 2006 with a lengthy 2009 update at the end of each chapter. DON'T buy Crash Proof 1.0 as you will miss out on all the 2009 updates which are critical.

Long yet incomplete.

The book is generally a bit too long with lots of repetitions and it also treats the economic situations as if it (the book) provides "The right" explanation which seems to be an over simplification of a very complex world.
However, the biggest drawback is that it almost neglects the political side of the story completely! The author draws a picture where things went south because of recklessness, stupidity and mismanagement while ignoring lobbying, agency issues and pure corruption and also pin points solutions ignoring the political/social sides of the dilemma.
For me, books with less economical jargon and more political and "complete picture" approach give a better explanation (like Michael Lewis books or Griftopia or similar ones)