Most books and financial advisers out there do a great job of pretending to predict future events after the fact. This isn’t the case for controversial market forecaster, Peter Schiff of Euro Pacific Capital. In his book, Crash Proof 2.0: How to Profit From the Economic Collapse, the real estate and stock market crashes were [...]
Most books and financial advisers out there do a great job of pretending to predict future events after the fact. This isn’t the case for controversial market forecaster, Peter Schiff of Euro Pacific Capital. In his book, Crash Proof 2.0: How to Profit From the Economic Collapse, the real estate and stock market crashes were predicted. Even more compelling was Schiff’s reasons behind his predictions. Basing his theory on Austrian economics, Peter focuses on the gradual process of decoupling where the United States goes from being the Engine of the global economy to the caboose.
We are a society that has lived beyond its means for a long time. In the last five years, it has gone off the deep end. Americans are relying on foreigners more and more to produce goods, rather than producing them themselves.
The fact that Peter Schiff’s predictions and theories haven’t fully played out yet makes his new book even more intriguing. His new book not only describes why the US economy is on the verge of collapse, but also serves as a financial survival guide. He views the United States as a house of cards with problems brought on by growing federal, personal, and corporate debt; a lack of savings and a weakening dollar. As a candidate for senate in the state of Connecticut, Peter now aims to educate our very own government on its destructive policies.
A few of his major themes are listed below:
- Highlights 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
This video serves as proof of Peter’s ability to forecast market direction. Most importantly it demonstrates his ability to understand exactly what caused the market meltdown. Schiff is currently running for a senate seat in Connecticut and begs the question, "how will the same people who got us in to this mess be able to get us out of it?" His predictions are downright scary and usually go against mainstream media and well known rivals. Schiff’s uncanny ability to forecast our economy thus far makes his future predictions worthy of our attention.
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