Author Peter D. Schiff explains how he positioned his clients when he saw the current bear market coming, and warns you about what he sees as the imminent collapse of the U.S. dollar and the U.S. economy. He recommends that readers get their money out of the U.S. market, invest abroad, and even consider emigrating altogether and opening a business in a BRIC country (Brazil, Russia, India and China). Schiff elaborates on the risk of living in an American city “with an inner-city population.” This short book full of breathlessly long sentences explains Schiff’s end-of-life-as-we-know-it investment philosophy, including why he thinks that playing the commodities markets by investing in futures is safer and sounder than trusting the U.S. government and financial structure. getAbstract recommends his book to readers who want to hear every point of view about the U.S. economy, including the very worst-case scenario. And even if the worst is occurring, says Schiff, you still have some investment options.
In this summary, you will learn
- Why the dollar is doomed
- Why you should invest in commodities and emerging markets, instead of the U.S. stock or bond markets
- Why entrepreneurs should consider moving abroad
About the Author
Peter D. Schiff is the author of Crash Proof and president of Euro Pacific Capital, Inc.
Get the key points from this book in 10 minutes.
For your company
We help you build a culture of continuous learning.
Comment on this summary
By the same author
Peter D. Schiff and Andrew J. Schiff
Peter D. Schiff and John Downes
Customers who read this summary also read
Ashvin B. Chhabra
G. Andrew Karolyi
Oxford UP, 2015
Norton Reamer and Jesse Downing
Columbia UP, 2016
Benjamin Graham and David Dodd