Spending and Saving

The Book Reporter: Crash Proof

Crash Proof: How to Profit from the Coming Economic Collapse
by Peter D. Schiff

Peter D. Schiff deserves a gold medal, while most of us deserve a dunce cap. Schiff, an economic commentator and stockbroker, was once dubbed “Mr. Doom” and “Chicken Little” by the media for his dire warnings about the real estate bubble and the shaky state of the American economy. In 2006, he was writing this book predicting impending economic collapse and how to prepare for it while Americans were busy shopping. After all, that’s what so many politicians and financial media pundits were telling us to do. The American consumer! The backbone of the economy! Now that the chickens have roosted and crapped right on our heads, Schiff’s chapters on how to invest strategically and protect your net worth from a collapsing dollar are more relevant than ever. His tips on creating a foreign portfolio, staying liquid, and securing your assets are welcome, as is his notion that there’s actually money to be made in this mess.

Tags: books, economy, Spending and Saving, Trends and Entertainment