The Real Crash
America's Coming Bankruptcy - How to Save Yourself and Your Country
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The Real Crash
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Narrated by:
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Oliver Wyman
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By:
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Peter D. Schiff
About this listen
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 best-selling 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, default on 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.
©2012 Peter Schiff (P)2012 Macmillan AudioListeners also enjoyed...
What listeners say about The Real Crash
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall4 out of 5 stars
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Performance3 out of 5 stars
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Story3 out of 5 stars
- Mr J Phan
- 25-03-16
Summary - Great book for veterans of the genre
What did you like most about The Real Crash?
The explanation of the systemic issues with in the economic system. I found this book refreshing and detailed. Key explanations of what Peter thinks will cause the next recession and how it will play out. Time will show if he's right.
How would you have changed the story to make it more enjoyable?
I would'nt
Did Oliver Wyman do a good job differentiating each of the characters? How?
didn't notice a difference.
Did you have an emotional reaction to this book? Did it make you laugh or cry?
This made me excited.
Any additional comments?
Peters books give a break down of the systemic issues in the world economy and how he feels it can be resolved. I dis agree with him on how it can be resolved, however agree with the issues he's identified and the measure you can take to protect yourself.
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2 people found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Trevor Hill
- 16-02-21
Trevor hill
Thank you Peter, I have bin using your advice since 2009 and it's very refreshing to go through this Information again. We are in that place now I think the whole wold can see and feel that themselves. Thank you
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Overall5 out of 5 stars
- Trevor
- 10-07-12
Truly excellent, an essential read.
Peter Schiff gives a clear concise explanation of the period we are entering, one of the only people to have the credibility to write such a book given his previous precise predictions that turned out to be correct.
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2 people found this helpful