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.