The Real Crash

  • by Peter Schiff
  • Narrated by Oliver Wyman
  • 12 hrs and 55 mins
  • Unabridged Audiobook

Publisher's Summary

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.

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Customer Reviews

Most Helpful

Truly excellent, an essential read.

Peter Schiff gives a clear concise explanation of the period we are entering, one of the only people to have the credibility to write such a book given his previous precise predictions that turned out to be correct.

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- Trevor

Summary - Great book for veterans of the genre

What did you like most about The Real Crash?

The explanation of the systemic issues with in the economic system. I found this book refreshing and detailed. Key explanations of what Peter thinks will cause the next recession and how it will play out. Time will show if he's right.


How would you have changed the story to make it more enjoyable?

I would'nt


Did Oliver Wyman do a good job differentiating each of the characters? How?

didn't notice a difference.


Did you have an emotional reaction to this book? Did it make you laugh or cry?

This made me excited.


Any additional comments?

Peters books give a break down of the systemic issues in the world economy and how he feels it can be resolved. I dis agree with him on how it can be resolved, however agree with the issues he's identified and the measure you can take to protect yourself.

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- Mr J Phan

Book Details

  • Release Date: 22-05-2012
  • Publisher: Macmillan Audio