The Real Crash Hardcover – May 22 2012
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“Peter Schiff sounded the alarm about the housing bubble created by the Federal Reserve and predicted the bubble's inevitable collapse, yet he was ignored by mainstream economists and ridiculed by the media. In The Real Crash he is at it again, illustrating how the financial crisis of 2008 is nothing compared to what is coming down the road. Peter Schiff is right again. I hope more people listen this time.” ―Ron Paul; Congressman (TX-14) and three time Presidential Candidate
“Peter Schiff's new book "The Real Crash; America's Coming Bankruptcy" is written in the same blunt and punchy style that makes him a favorite guest on my Fox News show. It's not just what he says, but the fact that he lives what he says. Unlike Some authors who talk about business as spectators, Peter doesn't speak from the ivory tower of academia or from the comfort of an anchor chair. He runs a real business and fights every day to make it a success in spite of all the government's tax and regulatory policies.” ―Mike Huckabee; Host of The Huckabee Show and former Arkansas Governor and Presidential Candidate
“America's political leaders should have taken Peter's 2007 book, Crash Proof, to heart before they tried to borrow, print and bail us out of trouble. Today, they -- along with all Americans -- absolutely must take heed of The Real Crash. Peter Schiff understands the marketplace, and he understands the consequences that occur when government attempts to manage that marketplace. Pay attention, America!” ―Gary Johnson, Former governor of New Mexico and presidential candidate
“In ‘The Real Crash,' the fearless Peter Schiff has written the most compelling argument against central economic planning and debt-financed consumption to come along since our present woes were exacerbated in 2008. His explanations of how unfettered free choices will produce prosperity, and how ending the Federal Reserve, abolishing the IRS, and returning to the gold standard will tame the federal beast are among the most forceful and cogent I have seen. He even explains how anyone can prosper from government stupidity in these perilous times. And he does all this in a breezy and readable format.” ―Judge Andrew P. Napolitano, Senior Judicial Analyst, Fox News
“Peter Schiff is an original thinker, a man of startling insight and honesty, in many ways, a genius. I have learned that you disagree with him at your peril. He is one of the few men of finance of whom I wish I could say I had paid more attention to. Live and learn. Read and learn.” ―Ben Stein; author, actor, political and economic commentator
“Peter Schiff says the Fed's bubble machine is destroying the American economy and he is right. Zero interest rates and QE are crushing savers, rewarding speculators and enabling the Washington politicians to issue endless debt. Every concerned citizen should read this.” ―David Stockman; Former OMB director under President Ronald Reagan
“Peter Schiff has been painfully right about the downward spiral of the U.S. economy over the last four years. Easy money, rising tax rates, and unbridled debt are a prescription for economic disaster. Let's hope Barack Obama reads this.” ―Stephen Moore, Economist and Fox News commentator
“While many of us have justifiably focused on how high taxes are economically corrosive, Peter Schiff does a great job of explaining why government spending and debt are even worse. As we continue grappling with the monster of a runaway federal government, this book is one of the best assets conservatives can turn to in making the case for fiscal responsibility and capitalism.” ―Grover Glenn Norquist; President of Americans for Tax Reform
“Peter Schiff was one of the few pundits who predicted correctly the 2008 economic and financial collapse. Now, he makes a compelling case in a highly readable book that the day will come when the world stops trusting the dollar and the ability of the US government to pay its debts. I agree with him that 'Then we'll get the real crash'.” ―Marc Faber; Editor, The Gloom Boom & Doom Report
“You need to know his case whether he is right or not if you are going to be prepared for this decade.” ―Jim Rogers; Investor and Bestselling Author of "A Gift to My Children" and "Investment Biker"
About the Author
PETER D. SCHIFF is an American investment broker, author, and financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate seat from Connecticut. He frequently appears as a guest on CNBC and Fox News, and is the host of the radio show and podcast The Peter Schiff Show.He is the author of the New York Times bestselling Crash Proof and Crash Proof 2.0, as well as The Little Book of Bull Moves in Bear Markets, which was also a Business Week bestseller.See all Product Description
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Top Customer Reviews
In the process of criticizing the American economic system, Peter Schiff brings his readers into the fascinating world of macroeconomics, policymaking, the history of money and the rise and upcoming fall of what used to be the richest country in the world. I personally learned a lot and I took a real pleasure in reading this book. Plus, Peter Shiff writes in simple terms, which makes the book accessible to most people.
However, Peter Schiff has his own ideas about how to fix the economy. He his extremely libertarian and anti-keynesian. He refutes any involvement from Government in citizens’ lives and firmly believes in the privatization of every sector of the economy, including social security, retirement, health care and education (traditionally run and funded by the public sector in order to ensure a fair redistribution of wealth and opportunities).
Consequently, the book is filled with very right-winged reform proposals, like the abolition of the income tax and the welfare state, the legalization of drugs and prostitution, and the annulment of public education, public pension plans, medicare and government subsidies.
The author is a complete free-market utopian, so some readers may be shocked by several of his arguments. However he’s also right about a lot of things (America going bankrupt, government intrusion into a market compromising the laws of supply and demand, the upcoming government bubble, the negative impact of inflationist monetary policies, the explosion of U.S. national debt, etc).
Finally, the author also gives some investment advice, in order to help the readers protect their wealth under the current financial and economic uncertainty.
Overall, good book, but when you’re done, take some distance and use the knowledge provided to construct your own opinions.
The main argument: Since the housing and financial crash of 2008, America's recovery has been tepid at best. Unemployment has remained high; manufacturing has not returned; personal savings are as low as they've ever been, and personal debt as high; housing is still a mess, and banking not much better; and, to top it all off, government debt is awe-inspiring and seems completely insoluble. According to financial investor, commentator and author Peter Schiff, while all of this is certainly disheartening, it should not come as much of a surprise. Indeed, Schiff argues that all of this economic slumping is a natural result of America's misguided economic policies; including especially the Federal Reserve's manipulation of interest rates, the government's uncontrollable borrowing, and, in connection with this, the maintaining (and even expansion) of unsustainable social programs . For Schiff, these same policies led directly to the crash of '08 (which he correctly and very famously predicted), and are leading the U.S. directly into an even worse crash now. In his new book `The Real Crash: America's Coming Bankruptcy--how to Save Yourself and Your Country' Schiff outlines how America got itself into this mess in the first place, what the end game is likely to be, and what the nation and its citizens should do to make the coming unpleasantness the least unpleasant as possible.
The main problem--and where most of the other problems begin--according to Schiff, is the Fed's manipulation of interest rates.Read more ›
The next book should show where Govt. can start slashing Departments and goodies for the big companies and financial
Most recent customer reviews
Another great book by the Schiff! Longer book, goes in details as per his thoughts on the economy. Read if interested in neo-liberal economic policies.Published 17 months ago by John Johnson
So far so good, still working on the book so I cant give a full review as of yet. But from what I have read thus far it looks pretty good.
Great ideas ,some not possible to implement . I think he is spot on with the debt issues and the USA is in deep trouble when the printing(currency) bubble does burst.Published 21 months ago by Northern Man
Information is helpful to those who are not paying attention to the current and situation. Anyoone who is keeping informed will not find this book usefulPublished 21 months ago by George Neely
This is one of those books that you may have to read twice. Schiff walks you through his logic / analysis leaving it up to you to accept or reject his conclusions. Read morePublished on Dec 1 2013 by Jim Setla
This guy gives a no bull account of what is really going on in the economy and how to survive the coming crash. Read morePublished on Nov. 10 2013 by chris
Everyone should read this book. This is exactly where the U.S. is headed. It will happen just as he predicts.Published on Oct. 24 2013 by Thomas Zukow
The disturbing facts detailed in this excellent book are self-evident to anyone with a brain and an internet connection. Read morePublished on Sept. 5 2013 by John R Francis
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