One of the best aspects of the book is its ability to explain complex economic principles in a simplistic fashion. This allows the book to communicate to a wide range of audiences – especially novice investors. This allegorical tale sheds light on topics that are so frequently discussed but so poorly understood.

From the Back Cover of the Book

• Why governments can spend without ever seeming to run out of money?
• Why some countries are rich while others are poor?
• Whether spending or saving is the best cure for a bad economy?
• Where inflation comes from?
• Why it’s so hard to catch a fish with your bare hands?

Coming off his popular book, Crash Proof 2.0, Schiff compares the United States economy to a small island economy. He describes how an economy that was once on top of the world, is now burdened with unfunded liabilities and massive deficits. Moreover, he presents a case for the United States no longer being the engine of the global economy, but the caboose.

“The conventional wisdom is that foreign economies depend on Americans to buy their exports. This is false. The global expansion of the past decade has created new demand everywhere, and people and businesses in all corners of the world are spending. However, in America, spending has largely been achieved through a massive vendor financing scheme. Foreign supplied credit has allowed Americans to continue buying, even while American income and savings have dropped. As this credit goes bad, the losses are landing on the bottom lines of foreign financial firms. In other words, the global pain is not resulting from American contraction but from having financed our preceding expansion. This is a critical distinction few have been able to make, and it is vital to appreciating the decoupling that has already occurred beneath the surface.”

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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Dow Jones Industrial Average by the Price of Gold

It is quite shocking to see the Dow Jones Industrial Average fall in relation to the price of gold. For the last 10 years massive wealth destruction has carried out, behind a curtain of bullish propaganda. While your portfolio may be rising to higher levels, it has done so at the expense of the US dollar and massive inflation. Now you might be wondering why you should care. First, the value of currency is relative to what it can purchase. When government dilutes currency purchasing power is lost. Secondly, dilution is a hidden form of tax or even “theft” since the Federal Reserve has no authority to print money. Newly issued currency steals value from existing currency. A lot of currency theft has already taken place and more will come as seen by the value of the US Dollar.

Click Here: Get a FREE US Dollar Report Today!

The last point that should be discussed in this article is the topic of diversification. Most of us understand the concept of diversification after the Dot Com bubble and Worldcom and Enron scandals. However one place almost all Americans fail to achieve diversification is in their currency. Most Americans are 100% invested with the United States Dollar. Retirement plans, stock portfolios and bank accounts are 100% anchored with the US Dollar. This is alarming since our current monetary policy is set on trashing the value of the dollar. Additionally, no fiat currency has ever lasted more than than the human lifespan. You have already diversified in financial instruments like equities. Now take the final step and consider diversifying out of the US dollar. How can you do that?

1. - Buy Precious Metals (gold & silver)
2. - Buy Foreign Stocks
3. - Buy Foreign Currency
4. - Sell US Government Bonds and CDs

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