Crash Proof 2.0: How to Profit from the Economic Collapse by Peter D. SchiffA fully updated follow-up to Peter Schiffs bestselling financial survival guide-Crash Proof, which described the economy as a house of cards on the verge of collapse, with over 80 pages of new material The economic and monetary disaster which seasoned prognosticator Peter Schiff predicted is no longer hypothetical-it is here today. And nobody understands what to do in this situation better than the man who saw it coming. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar. Crash Proof 2.0 picks up right where the first edition-a bestselling book that predicted the current market mayhem-left off. This timely guide takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to navigate the dangerous terrain. Throughout the book, Schiff explains the factors that will affect your future financial stability and offers a specific three step plan to battle the current economic downturn.
Discusses the measures you can take to protect yourself-as well as profit-during these difficult times Offers an insightful examination of the structural weaknesses underlying the economic meltdown Outlines a plan that will allow you to preserve wealth and protect the purchasing power of your savings Filled with in-depth insights and expert advice, Crash Proof 2.0 will help you survive and thrive during the coming years of economic uncertainty.
Best Investments During a HUGE RECESSION!
Investing In Crisis, A High Risk-High Reward Strategy
Realistically, my target scenario during a recession is to stay flat — neither make nor lose money. But my blue sky scenario is to actually try and make lots of money as the world collapses all around. The first step to making money during the next downturn is to be OK no longer making money during an upturn. In other words, you must methodically sell off risk assets like stocks and real estate the longer we go in the cycle. It hurts to miss out on gains, but missing out on gains is the only way to not lose money.
A Time When Fortunes are Made
By looking into the rapidly declining velocity of money , plus understanding the historical actions of " The Q Ratio ," investors are in one of the most precarious situations they've seen in a long time. The good news is that there are plenty of investments you can make now which will help protect you from any chaos or deterioration of the overall stock markets , and the very economy itself. By getting involved in the types of businesses which survive and thrive in the difficult times, you're setting yourself up to be in a situation that is both more profitable and more resilient. In other words, you can enrich yourself while making sure that your investment dollars live to fight another day. Some industries that will do well in spite of any economic recession or stock market meltdown — and in many cases even perform very strongly because of that recession or meltdown — 0 include:.