The Real Crash

America's Coming Bankruptcy - How to Save Yourself and Your Country

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Business & Finance, Economics, Economic Policy
Cover of the book The Real Crash by Peter D. Schiff, St. Martin's Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Peter D. Schiff ISBN: 9781466846814
Publisher: St. Martin's Press Publication: April 8, 2014
Imprint: St. Martin's Press Language: English
Author: Peter D. Schiff
ISBN: 9781466846814
Publisher: St. Martin's Press
Publication: April 8, 2014
Imprint: St. Martin's Press
Language: English

You might be thinking everything's okay: the stock market is on the rise, jobs are growing, the worst of it is over.

You'd be wrong.

In The Real Crash, New York Times bestselling author Peter D. Schiff 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. Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: the United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence.

We're in hock to China, we can't afford the homes we own, and the entire premise of our currency—backed by the full faith and credit of the United States—is false. Our system is broken, Schiff says, and there are only two paths forward. The one we're on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens.

However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending—eliminate entire agencies, end costly foreign military escapades and focus only on national defense—and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, restructure its debts, and reform our system from the ground up.
Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don't. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predicts.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

You might be thinking everything's okay: the stock market is on the rise, jobs are growing, the worst of it is over.

You'd be wrong.

In The Real Crash, New York Times bestselling author Peter D. Schiff 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. Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: the United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence.

We're in hock to China, we can't afford the homes we own, and the entire premise of our currency—backed by the full faith and credit of the United States—is false. Our system is broken, Schiff says, and there are only two paths forward. The one we're on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens.

However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending—eliminate entire agencies, end costly foreign military escapades and focus only on national defense—and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, restructure its debts, and reform our system from the ground up.
Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don't. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predicts.

More books from St. Martin's Press

Cover of the book Off the Leash by Peter D. Schiff
Cover of the book Charmed Bones by Peter D. Schiff
Cover of the book Bloody Sunday by Peter D. Schiff
Cover of the book Tiger's New Swing by Peter D. Schiff
Cover of the book The Course of Honour by Peter D. Schiff
Cover of the book Britney Spears: An Unauthorized Biography by Peter D. Schiff
Cover of the book Sweet Revenge by Peter D. Schiff
Cover of the book The Lost King of France by Peter D. Schiff
Cover of the book This Has Happened by Peter D. Schiff
Cover of the book Twitter is Not a Strategy by Peter D. Schiff
Cover of the book The Infernal Device and Others by Peter D. Schiff
Cover of the book The Winter Widow by Peter D. Schiff
Cover of the book Kill the Heroes by Peter D. Schiff
Cover of the book Bright Baby Numbers by Peter D. Schiff
Cover of the book The Hungry Girl Diet by Peter D. Schiff
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy