book review of Crash Proof 2.0 by Peter Schiff

book review of Crash Proof 2.0 by Peter Schiff

PostBy: smokeyCityTeacher On: Wed Mar 31, 2010 8:03 pm

After starting to read I went to YouTube and looked up the videos where he predicted the mess of 2008-09..
I was surprised at how many times NBC ABC and other MSM outlet outright ridiculed him on the air in 2005 - 2007 and even in 2008 as they derided him for saying we are headed for a housing sub prime crisis and his predictions that Maggie May and Bernie Mack would collapse.
All the heavyweight financial pundits repeatedly said Peter was nuts and ridiculed him while they insisted that the economy is in great shape and only good times where ahead.

Im not surprised however than none of those commentators are on the tube apologizing to him.

Anyway - the book explains how the financial system works, how the Fed Res. works and how SS works ( or rather how they are supposed to work).
Most importantly it explains how the crash of the dollar is an inconvenient truth that investors can take advantage of by in effect betting against it.
Domestic stocks as also headed for a decline and should be bet against by looking to international markets.

This book makes simple enough for a college graduate to understand it.

Recommended reading....
smokeyCityTeacher
 
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Re: book review of Crash Proof 2.0 by Peter Schiff

PostBy: brckwlt On: Thu Apr 01, 2010 12:35 am

i didnt go to college and i dont like to read, but i am smart enough to know the dollar will collapse, and stocks wont get better anytime soon with all of these new taxes headed our way :D
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Re: book review of Crash Proof 2.0 by Peter Schiff

PostBy: samhill On: Thu Apr 01, 2010 8:47 am

He wasn`t the only one to predict what was coming but everyone that could have at the very least lessened it was making too much money the way things were & after all money is more important to some than God & country.
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Re: book review of Crash Proof 2.0 by Peter Schiff

PostBy: smokeyCityTeacher On: Thu Apr 01, 2010 12:50 pm

samhill wrote:He wasn`t the only one to predict what was coming but everyone that could have at the very least lessened it was making too much money the way things were & after all money is more important to some than God & country.



I wish the present administration was listening to you now. He is pouring gasoline on the fire.

By the way those others were few - Warren Buffet, Paul and occasionally Volker
smokeyCityTeacher
 
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Re: book review of Crash Proof 2.0 by Peter Schiff

PostBy: samhill On: Thu Apr 01, 2010 1:18 pm

There were a lot more than those few Smokey, & they were all making money from it & still are. Just look at Wall St. now, still plenty of money being made even after a crash the big money is made if you know where the bottom is & invest there. All these R.E. investors & bankers your taking risks with everyone else's monet without any personal risks involved.
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Re: book review of Crash Proof 2.0 by Peter Schiff

PostBy: smokeyCityTeacher On: Fri Apr 02, 2010 5:08 pm

samhill wrote:There were a lot more than those few Smokey, & they were all making money from it & still are. Just look at Wall St. now, still plenty of money being made even after a crash the big money is made if you know where the bottom is & invest there. All these R.E. investors & bankers your taking risks with everyone else's monet without any personal risks involved.


If those wall streeters bet on a strong dollar in the long they will be the losers
No one knows where the bottoms are but informed people know which direction its moving.
There is only one sane prediction for where the dollar is heading - it is on a long term slide and thats why im shorting the dollar by buying metals, foreign currency and foreign stocks.

Im guessing you must have a plan too??- for surviving the decline of the dollar.
smokeyCityTeacher
 
Hand Fed Coal Stove: Hitzer 30-95
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