Verlagstext:
Peter D. Schiff has fully revised and updated his provocative New York Times, Wall Street Journal, and USA Today bestseller The Real Crash. First published in 2012, The Real Crash 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.
Since 2012, what has happened with our economy? The stock market continues its illusory gains, the Fed "tapers" while some jobs return, and yet the fundamental threat to our way of life has only grown worse-- much, much worse. The United States government nearly defaulted on its debts and the solution was to raise the debt limit-- to spend yet more money, to go even deeper in hock to China, and to burden every American with obligations that are impossible to repay.
With incisive analysis and expert financial understanding, Peter D. Schiff reveals that the road we're on will lead to an abrupt devaluation of our currency and a crash that will upend our power, our political system, and our way of life. This new edition of The Real Crash includes more than 35,000 new words of text, which cover:
-The 2013 government shutdown, the debt crisis, and how the solution only dug a deeper hole
-The IRS political auditing scandal and why the average American should care
-What will happen when the government stops inflating the stock and real estate market bubbles
-How Detroit's bankruptcy mirrors our national situation: too many promises, not enough revenue
To avoid complete collapse, America must drastically reduce government spending, and regulations that drain businesses and suppress economic growth, eliminate costly and unnecessary agencies, stop foreign military escapades, and cut entitlements of all kinds for all classes of people. And, with wisdom born from having predicted the Crash of 2008, Peter D. Schiff explains how to protect yourself, your family, your money, and your country from the even greater crash that lies ahead.
Stimmen zum Buch:
"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">
"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>