From both an economic and monetary perspective, the United States is a house of cards: impressive on the outside, but a disaster waiting to happen beneath the surface. In a relatively short period of time, the country has gone from the world's largest creditor to its greatest debtor, the value of the dollar has declined, and manufacturing has given way to non-exportable services. While these and other issues could spell disaster for your financial well-being, the situation could also present unique opportunities - if you're prepared.
For more than a decade, seasoned Wall Street prognosticator Peter Schiff has not only observed the U.S. economy, but has helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; a declining dollar; and a lack of domestic manufacturing.
Here, Schiff provides you with an insightful examination of the structural weaknesses underlying this impending economic meltdown, and discusses how you can protect yourself during the difficult times that lie ahead. Using common-sense analysis, creative analogies, and easy-to-understand language, Schiff entertains as well as educates and outlines a specific three-step plan that will allow you to preserve wealth and protect the purchasing power of your savings.
"At a time when we all should be looking to crash-proof our portfolios, Schiff offers us this much-needed life-raft." (Liz Claman, Cohost,
CNBC Morning Call)
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