The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country
Written by Peter D. Schiff
Narrated by Oliver Wyman
4.5/5
()
About this audiobook
For over 30% new material including many startling developments that have occurred in the past few years, check out The Real Crash Fully Revised and Updated Edition, on sale now.
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.
Peter D. Schiff
PETER D. SCHIFF is an American investment broker, author, and financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate seat from Connecticut. He frequently appears as a guest on CNBC, Fox News, and Bloomberg Television, and is the host of the radio show and podcast The Peter Schiff Show. He is the author of the New York Times bestselling Crash Proof and Crash Proof 2.0, as well as The Little Book of Bull Moves in Bear Markets, which was also a Business Week bestseller.
More audiobooks from Peter D. Schiff
How an Economy Grows and Why It Crashes: Collector's Edition Rating: 4 out of 5 stars4/5How an Economy Grows and Why It Crashes Rating: 4 out of 5 stars4/5Crash Proof 2.0: How to Profit From the Economic Collapse Rating: 4 out of 5 stars4/5The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down Rating: 4 out of 5 stars4/5
Related to The Real Crash
Related audiobooks
The Great Devaluation: How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset Rating: 5 out of 5 stars5/5The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Rating: 5 out of 5 stars5/5The Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019 Rating: 5 out of 5 stars5/5What to Do When the Bubble Pops: Personal and Business Strategies for the Coming Economic Winter Rating: 4 out of 5 stars4/5Currency Wars: The Making of the Next Global Crises Rating: 4 out of 5 stars4/5The Money Revolution: How to Finance the Next American Century Rating: 0 out of 5 stars0 ratingsCode Red: How to Protect Your Savings From the Coming Crisis Rating: 4 out of 5 stars4/5The Great Crash Ahead: Strategies for a World Turned Upside Down Rating: 4 out of 5 stars4/5Endgame: The End of The Best Supercycle And How It Changes Everything Rating: 4 out of 5 stars4/5The Scandal of Money: Why Wall Street Recovers but the Economy Never Does Rating: 4 out of 5 stars4/5The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now Rating: 5 out of 5 stars5/5How to Survive (and Thrive) During the Great Gold Bust Ahead Rating: 4 out of 5 stars4/5Leverage: How Cheap Money Will Destroy the World Rating: 4 out of 5 stars4/5Engine of Inequality: The Fed and the Future of Wealth in America Rating: 5 out of 5 stars5/5A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation Rating: 4 out of 5 stars4/5The Little Book of Commodity Investing Rating: 3 out of 5 stars3/5Too Big to Save? How to Fix the U.S. Financial System Rating: 5 out of 5 stars5/5The War on Small Business: How the Government Used the Pandemic to Crush the Backbone of America Rating: 5 out of 5 stars5/5Financial Reckoning Day Fallout: Surviving Today's Global Depression Rating: 4 out of 5 stars4/5The Capitalist Code: It Can Save Your Life and Make You Very Rich Rating: 5 out of 5 stars5/5Markets Never Forget (But People Do): How Your Memory is Costing You Money and Why This Time Isn't Different Rating: 4 out of 5 stars4/5This Time is Different: Eight Centuries of Financial Folly Rating: 4 out of 5 stars4/5Finance and the Good Society Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/521st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 Rating: 5 out of 5 stars5/5Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Rating: 4 out of 5 stars4/5The Day After the Dollar Crashes: A Survival Guide for the Rise of the New World Order Rating: 5 out of 5 stars5/5The Insured Portfolio: Your Gateway to Stress-Free Global Investments Rating: 0 out of 5 stars0 ratingsThe Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad Rating: 5 out of 5 stars5/5
Public Policy For You
Is Reality Optional?: And Other Essays Rating: 5 out of 5 stars5/5The People's Hospital: Hope and Peril in American Medicine Rating: 5 out of 5 stars5/5America's Cultural Revolution: How the Radical Left Conquered Everything Rating: 4 out of 5 stars4/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5Apocalypse Never: Why Environmental Alarmism Hurts Us All Rating: 5 out of 5 stars5/5The Vision of the Anointed: Self-congratulation as a Basis for Social Policy Rating: 5 out of 5 stars5/5Not a Crime to Be Poor: The Criminalization of Poverty in America Rating: 5 out of 5 stars5/5Bootstrapped: Liberating Ourselves from the American Dream Rating: 4 out of 5 stars4/5Battle for the American Mind: Uprooting a Century of Miseducation Rating: 4 out of 5 stars4/5The Meth Lunches: Food and Longing in an American City Rating: 5 out of 5 stars5/5Nomadland: Surviving America in the Twenty-First Century Rating: 4 out of 5 stars4/5Facing Reality: Two Truths about Race in America Rating: 5 out of 5 stars5/5Tell Your Children: The Truth About Marijuana, Mental Illness, and Violence Rating: 4 out of 5 stars4/5Bowling Alone: Revised and Updated: The Collapse and Revival of American Community Rating: 5 out of 5 stars5/5Ever Wonder Why?: And Other Controversial Essays Rating: 5 out of 5 stars5/5My Side of the River: A Memoir Rating: 4 out of 5 stars4/5This Changes Everything: Capitalism vs. The Climate Rating: 4 out of 5 stars4/5Hatemonger: Stephen Miller, Donald Trump, and the White Nationalist Agenda Rating: 3 out of 5 stars3/5Long Time Coming: Reckoning with Race in America Rating: 4 out of 5 stars4/5The Diversity Delusion: How Race and Gender Pandering Corrupt the University and Undermine Our Culture Rating: 4 out of 5 stars4/5Hide Your Children: Exposing Marxists Behind the Attack on America's Kids Rating: 5 out of 5 stars5/5Controversial Essays Rating: 4 out of 5 stars4/5This Is Ohio: The Overdose Crisis and the Front Lines of a New America Rating: 4 out of 5 stars4/5The Great Displacement: Climate Change and the Next American Migration Rating: 4 out of 5 stars4/5The End of Policing Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5Why We Did It: A Travelogue from the Republican Road to Hell Rating: 4 out of 5 stars4/5Zero To One by Peter Thiel; Blake Masters - Book Summary: Notes on Startups, or How to Build the Future Rating: 5 out of 5 stars5/5Has Anyone Seen the President? Rating: 4 out of 5 stars4/5American Gun: The True Story of the AR-15 Rating: 4 out of 5 stars4/5
Reviews for The Real Crash
11 ratings0 reviews