
The Real Crash
America's Coming Bankruptcy - How to Save Yourself and Your Country
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Narrated by:
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Oliver Wyman
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By:
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Peter D. Schiff
You might be thinking everything’s okay: The stock market is on the rise, jobs are growing, the worst of it is over. You’d be wrong. In The Real Crash, New York Times best-selling author Peter D. Schiff argues that America is enjoying a government-inflated bubble, one that reality will explode... with disastrous consequences for the economy and for each of us.
Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: The United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence. We’re in hock to China, we can’t afford the homes we own, and the entire premise of our currency - backed by the full faith and credit of the United States - is false.
Our system is broken, Schiff says, and there are only two paths forward. The one we’re on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens. However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending - eliminate entire agencies, end costly foreign military escapades and focus only on national defense - and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, default on its debts, and reform our system from the ground up.
Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don’t. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predicts.
©2012 Peter Schiff (P)2012 Macmillan AudioListeners also enjoyed...




















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Would you consider the audio edition of The Real Crash to be better than the print version?
Great book. I recommend this to all my friends. I feel like I understand the economy and my personal finances much more now. Thanks, Peter.must read
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Good "read"...
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Schiff details how self-interested politicians are bankrupting America!
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A must read!
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Peter nails it
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Exclusive Info
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Great Overview of The Coming Crash
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What made the experience of listening to The Real Crash the most enjoyable?
Peter Schiff puts real and understandable information together to clearly show how the government has created a monetary bubble and gives periodic tips to avoid the inevitible crash of that bubble along the way. Very informative, understandable content should make you fiscally scared of the future. At least the book does tell you how to prepare yourself.What was the most compelling aspect of this narrative?
The overall situation we are in is clearly supported with real world information and statistics. It clearly explains how the US got to this point and where it must go, eventually.Have you listened to any of Oliver Wyman’s other performances before? How does this one compare?
NoWas this a book you wanted to listen to all in one sitting?
Yes, but I cannot due to the nature of my daily schedule.Scary Unavoidable Future Book
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good information and insight; overly opinionated.
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And he also avoids to mention, among other quotations from the film Wall Street, when GG says.. greed is good! referring to corporate greed. So the author tries to convince us that corporstions willingly will pay more higher salaries for good workers.. what a BS, this author really thinks we are that stupid? Though I still agree with 30% of his ideas.
Nothing about corporate welfare
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