Crash Proof 2.0 · How to Profit From the Economic Collapse by Schiff, Peter D. -- Read -- Imperial Library of Trantor

Index

Title Page Copyright Page Dedication Disclaimer Author’s Note, Crash Proof 2.0

IMPORTANT FINAL THOUGHTS BEFORE GOING TO PRESS

Preface Introduction Chapter 1 - The Slippery Slope: Consumers, Not Producers

WHY THE GLOOM? THE GOVERNMENT SAYS THE ECONOMY’S FINE HOW WE GOT INTO THIS MESS WHAT’S TO WORRY ABOUT? WITHOUT THE UNITED STATES THE ASIAN PRODUCERS WOULD BE ... THE ASIANS WILL BE BETTER OFF WITHOUT US CHINA’S “WARTIME” ECONOMY REBUILDING A PRODUCTIVE ECONOMY COMPARING APPLES AND ORANGES: A CLARIFYING PARABLE A Tale of Two Farmers 2009 UPDATE

Chapter 2 - What Uncle Sam, the Mass Media, and Wall Street Don’t Want You to Know

THE BALLOONING TRADE DEFICIT INFLATION: THE CORE AND THE BUBBLE THE DEFLATION RUSE THE PRODUCTIVITY MYTH GROSSLY PADDED DATA, OR AS WE KNOW THEM, GDP NUMBERS CONSUMER CONFIDENCE: THE CRUELEST IRONY 2009 UPDATE

Chapter 3 - For a Few Dollars More: Our Declining Currency

FIAT MONEY: WHY IT IS THE ROOT OF OUR ECONOMIC PLIGHT THE ORIGIN OF MONEY THE ECONOMIC FUNCTIONS OF MONEY THE FIRST USES OF GOLD AS MONEY THE BEGINNING OF BANKING THE ORIGIN OF THE DOLLAR FEDERAL RESERVE ACT OF 1913 AND THE DEGENERATION OF THE DOLLAR THE END OF GOLD AND SILVER BACKING BRETTON WOODS, THE INTERNATIONAL GOLD STANDARD, AND RESERVE CURRENCY STATUS THE UNRAVELING OF BRETTON WOODS THE CLOSING OF THE GOLD WINDOW THE BALANCE OF TRADE AND THE VALUE OF THE DOLLAR THE FEDERAL RESERVE AND INFLATION RISING GOLD PRICES—A VOTE OF “NO CONFIDENCE” IN THE U.S. DOLLAR THE GOVERNMENT’S CURIOUS COMPLACENCY HOW IT IS LIKELY TO PLAY OUT FAIR WARNING 2009 UPDATE

Chapter 4 - Inflation Nation: The Federal Reserve Fallacy

Chapter 5 - My Kingdom for a Buyer: Stock Market Chaos

HOW WALL STREET HAS MISLEAD THE AVERAGE INVESTOR BACK TO BASICS AVOID THE CURRENT U.S. STOCK MARKET 2009 UPDATE

Chapter 6 - They Burst Bubbles, Don’t They?: The Coming Real Estate Debacle

THE AMERICAN ECONOMY HAS NEVER SEEN ANYTHING LIKE THIS HOW PUNCTURING ONE BUBBLE SET US UP FOR ANOTHER SOME PERSPECTIVE: THE GOOD OLD DAYS OF A DECADE AGO SECURITIZATION: THE ROOT CAUSE OF THE REAL ESTATE BUBBLE THE GOVERNMENT-SPONSORED ENTITIES THAT BUY PRIME LOANS WALL STREET JOINS THE FRAY NONTRADITIONAL MORTGAGES HOW HOME BUILDERS HELPED EXPAND THE BUBBLE INDUSTRY LEADERS EXPLAIN PRICE RISES WHY COLLAPSE IS INEVITABLE THE ECONOMIC EFFECTS OF THE REAL ESTATE DEBACLE LIFE AFTER THE BUBBLE THE REVIVAL OF THE RENTAL MARKET AND THE FED’S DILEMMA THE FINAL PLAYING OUT THE IMPORTANCE OF LIQUIDITY 2009 UPDATE

Chapter 7 - Come On In, the Water’s Fine: Our Consumer Debt Problem

WHY AMERICA HAS GOT IT WRONG HOW DID A NATION OF SAVERS BECOME A NATION OF BORROWERS? GOOD DEBT AND BAD DEBT WHATEVER HAPPENED TO SAVING UP? HOME EQUITY AND STOCK MARKET APPRECIATION ARE NOT SAVINGS NOTHING SAVED FOR A RAINY DAY HOW WALL STREET FED THE CONSUMER CREDIT CRAZE CONSUMER BORROWING DEPRIVES SOCIETY COMMON MISUSES OF CREDIT WHERE CREDIT IS APPROPRIATE FLAWED HISTORICAL COMPARISONS A WAY OF PUTTING CONSUMPTION IN PERSPECTIVE “WE OWE IT TO OURSELVES, SO THE NATIONAL DEBT ISN’T A PROBLEM” THE REAL NATIONAL DEBT THE GOVERNMENT TRUST FUNDS HOW SOCIAL SECURITY MADE A PIKER OUT OF PONZI HOW MIGHT IT ALL RESOLVE? PROTECTING YOUR OWN MONEY 2009 UPDATE

Chapter 8 - How to Survive and Thrive, Step 1: Rethinking Your Stock Portfolio

DEBUNKING THE MYTHS AND FEARS ABOUT FOREIGN INVESTING IF ONLY YOU HAD DONE THIS IN THE 1970s WHAT IF I’M WRONG? GETTING DOWN TO BUSINESS: CREATING A FOREIGN PORTFOLIO THE CASE AGAINST MUTUAL FUNDS, ADRs, AND PINK SHEETS SELECTING THE RIGHT BROKER PUTTING THE FOREIGN STOCK PORTFOLIO TOGETHER: A TOP-DOWN APPROACH FINDING VALUE AND FINANCIAL VIABILITY IN COMPANIES WHAT I HOPE YOU HAVE LEARNED IN THIS CHAPTER 2009 UPDATE

Chapter 9 - How to Survive and Thrive, Step 2: Gold Rush—Be the First Person on ...

WHY GOLD IS SUBSTANTIALLY UNDERVALUED AT PRESENT LEVELS WHY DEMAND IS ABOUT TO EXPLODE HOW HIGH COULD GOLD GO? GOLD AND THE DOW JONES INDUSTRIAL AVERAGE AS GOLD GOES, SO WILL GO SILVER—BUT EVEN MORE! THE BOTTOM LINE: GET YOURS NOW HOW TO OWN GOLD AND SILVER STRUCTURING YOUR GOLD PORTFOLIO BLENDING YOUR GOLD AND FOREIGN STOCK PORTFOLIOS 2009 UPDATE

Chapter 10 - How to Survive and Thrive, Step 3: Stay Liquid

HOW MUCH LIQUIDITY IS DESIRABLE? INVESTMENTS PROVIDING LIQUIDITY LONGER-TERM INVESTMENTS PROVIDING LIQUIDITY DEBT AND LIQUIDITY HOMEOWNER OPTIONS THE ARGUMENT FOR SAVING IDEAS FOR PENNY SAVERS AND OTHERS OTHER CONSEQUENCES OF ECONOMIC COLLAPSE PUTTING THE PLAN INTO ACTION 2009 UPDATE

Epilogue Books for Further Reading Glossary Index