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The economic tipping point for the United States is no longertheoretical. It is a reality today. The country has gone from theworld's largest creditor to its greatest debtor; the value of thedollar is sinking; domestic manufacturing is winding down - and thesetrends don't seem to be slowing. Peter Schiff casts a sharp,clear-sighted eye on these factors and explains what the possibleeffects may be and how investors can protect themselves. For more thana decade, Schiff has not only observed the U.S. economy, but alsohelped his clients reposition their portfolios to reflect his outlook.What he sees is a nation facing an economic storm brought on by growingfederal, personal, and corporate debt, too-little savings, a decliningdollar, and lack of domestic manufacturing.
Crash-Proof isan informed and informative warning of a looming period marked bysizeable tax hikes, loss of retirement benefits, double digitinflation, even - as happened recently in Argentina - the possiblecollapse of the middle class. However, Schiff does have a survival planthat can provide the protection that readers will need in the comingyears.
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