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After the Crash: How to Guard Your Money in These Turbulent Times Paperback – Jan 19 2009

3.3 out of 5 stars 7 customer reviews

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Harry Potter and the Cursed Child
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Product Details

  • Paperback: 240 pages
  • Publisher: Key Porter Books; Original edition (Jan. 19 2009)
  • Language: English
  • ISBN-10: 1554701821
  • ISBN-13: 978-1554701827
  • Product Dimensions: 21.3 x 13.7 x 1.8 cm
  • Shipping Weight: 181 g
  • Average Customer Review: 3.3 out of 5 stars 7 customer reviews
  • Amazon Bestsellers Rank: #228,355 in Books (See Top 100 in Books)
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Product Description

About the Author

GARTH TURNER is a former Member of Parliament and a bestselling author, syndicated columnist, business editor and radio and TV personality. His books include Greater Fool: The Troubled Future of Real Estate; 2015: After the Boom, The Strategy, The Defence and 2020: New Rules for the New Age. Currently he is heard in person by more than a hundred thousand Canadians at 700 lectures and seminars across the country.

Customer Reviews

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Format: Paperback
Bad news - Garth Turner is out of politics and back to writing books and promoting Garth Turner.

I read AFTER THE CRASH with amusement and trepidation - amusement over Turner's over-the-top rant about the economic situation and trepidation that Canadians will believe and heed his advice.

At least Turner is no longer advising Canadians to convert all the equity in their homes into cash to purchase common shares, as he did in a previous book. Anyone who did so would now be out of perhaps hundreds of thousands of dollars, not to mention their own home. Turner's advice in this situation was astonishing: If your mortgage exceeds the value of your home, just walk away "and it's the bank's problem."

No it's not! In Canada, if your mortgage exceeds the value of your home and you default on the mortgage payments, you are responsible for making up the shortfall. Every lawyer, realtor, banker and advisor knows this. Garth Turner doesn't (or didn't).

I don't know how many similar errors are in After The Crash - I was too mesmerized by Turner's egotistical posturing and hysterical observations to note them.

By all means, read about things you can do to handle your finances and investments under the current conditions. But not in this book.
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Format: Paperback
I am truly surprised that this self-serving lunatic is still around, pumping out the same dry heave repetoire.

In the late 1980s, Garth was Canada's self-styled real estate guru and cheerleader. When real estate dipped in the early 1990s, he became the 'little guy's political saviour' and moved to Ottawa. Incredulously, he ended his first political life as Minister of Revenue. So much for the little guy.

In 1998-2000, Garth declared real estate dead, dead, dead, and told you to borrow money against your house or sell it and invest the cash in equity mutual funds. This remarkable about-face was made at the peak of the world's equity markets, just before they collapsed, and just before the beginning of the greatest real estate market boom in history.

Garth's urgent clarion call to buy stock-based securities was called The Strategy 1998-2000. In truth, The Strategy was little more than a not-so-cunning attempt to curry favour with financial advisors so they would hire him to speak at public mutual fund seminars for a several-thousand-dollar fee.

Having been kicked out of the Federal caucus in Ottawa and now unemployed, this chameleon is back as resident ubermensch and patron guide, telling us to sell our homes, buy a 4X4, stock up on lead and gunpowder, and retire to a shack and shoot squirrels in Algonquin Park. 'The end is near', says Garth. All this for just $16.02 plus GST.

Don't fall for this nonsense.

Save your money and buy a real book.

May I suggest The New Paradigm for Financial Markets by George Soros? Unlike some, Soros is a person with huge financial clout and an unassailable track record. He is also beyond writing tripe and charging us for the 'privilege' of reading it (ISBN-13: 9781586486839).
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Format: Paperback
I have NEVER read a book so full of misinformation and lies in my life. This is a man who has a chip on his shoulder after being kicked out of the Conservative Party for being rude and belligerent, and he has a huge axe to grind. He advises people to take actions that will only make the economic situation worse, and create fear and panic in our society. He tells you to go and get cash out of the bank in "thousand dollar bills"... we do not even have a thousand dollar bill in Canada, and we haven't for years. He also gives people advise on converting their mortgage into alternative debt... this advise is ILLEGAL, and has been ruled as such by Revenue Canada and the Supreme Court of Canada. Hands down the worst book I have ever read, it should be pulled from store shelves. He is a self serving, uninformed, extremely sheltered, Torontonian who cannot see past the walls of his two-story brick brownstone.
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Format: Paperback
I borrowed this book from the library. Granted there were some things in this book that I have dismissed or that I don't agree on but the majority of Garth's opinions or the information he brings forward I believe are right on the mark. There are a lot of similar recent writings and information out there that lines up very nicely with his work. This topic in general will polarize people, kind of like religion. But these are different times and it doesn't take a fool to see that the US economy in particular cannot continue on this road that they seem to be blasting towards without catastrophy happening. And the effect that it will have on the rest of us will be unavoidable. We won't even begin talking about the changing weather patterns and increasing earthquakes around the world. Be prepared. We need to be a lot more independent on our own survival than the huge majority of people are today.
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