10 of 11 people found the following review helpful
5.0 out of 5 stars
So Accurate it is Eerie - Schiff Saw this Collapse Coming, Oct 8 2008
My only regret is not having read this book sooner - I ordered it some time ago and it sat on my "to do" pile... until this global economic crisis hit.
Reading this book is liking reading a play-by-play of how the global credit crisis, real estate bubble, stock market plunge and ensuing recession (depression?) are all precipitated by the out-of-touch economic policies of the United States and Federal Reserve. Schiff also explains how national and consumer debt have hamstrung our economy, and debunks the fallacy that borrowing to consume drives the economy.
The frightening part is the worst is yet to come - Schiff explains that this global financial crisis could become much more severe. Thankfully, he offers chapters of tips for not only surviving, but profiting from the this horrendous situation.
So if you're worried about your mutual fund retirement savings evaporating, or how you are going to manage your own personal financial crisis, you really should buy this book.