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.