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I thougt Peter was different
I heard about Peter on youtube and bought his books because his explanations and predictions of the housing bubble burst made sense. I bought his books and was really dissappointed. The first 185 pages are nothing but Peter taking a fist to the face of the US government, Alan greenspan, and Ben Bernanke. He lays out their mistakes in excruitiating detail, again, and again, and again, and again. I finally shifts gears and proposes his solution to the reader: invest in safe foreign stocks and gold, using about 2 pages of his book to outline the RISK involved with trading with foreign stocks. He lets you know that the average investor will have no clue how to play the foreign market, and tells the reader to find someone who specializes in foreign stocks. Let me interpret this for you: "Give me your money. You can trust me, Peter Schiff". His explanations and descriptions about investing in Gold are good.
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br /Excerpts from this book are in his next book (verbatum) "Bull moves in bear markets" so save your money and buy 1. I would recommend the other one because this book pretty much was a waste of my time and money.
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br /If you carefully read Peters book you he will tell you in a not so forward manner that foreign markets are just like the US market, and that many foreign markets are tied to the US dollar, and that all you need is the right advisor (wink, wink) found at Peter's firm, Europacifc.
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br /So here is the book summary:
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br /-The US and its leaders suck.
br /-Invest in good stocks and you will make money (what an idea!!!)
br /-You, the reader, can't interpret the complexity of the foreign market, so you need one of my advisors from Europacific Capital to invest your money.
br /- I, Peter Schiff, identified the housing bubble, so you should trust me and give me all your money.
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br /If this review makes you mad, buy the book and read it for yourself. Or better yet, buy a good book without an advertising agenda "Truth about Money" by Rick Edleman. It will be better spent.
Our Future
Very informative book. The book deals with our immediate future and how we can avoid a personal catastrophy. Everyone can benefit from it and I recommend it very highly.
Now I Get It
Remember this book was published in 2006, nearly 2 years before things really began falling apart! Reading Mr. Schiff's analysis and predictions was both thoroughly educational and down right scary. He pulls all the pieces of the economic puzzle together in a very entertaining manner that even this dumb hillbilly can understand. Unlike the mass media that singles out one group or another to vilify in 30 seconds or less, Mr. Schiff clearly explains the role played by, and interrelationships among various contributing factors. The scary part is that there are more shoes yet to drop!
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br /The reader is cautioned however, not to panic and rush out to implement his recommended defensive measures. As an old TV ad once said "Invest your time before you invest your money". Remember his investment firm has a vested interest in getting the reader to implement his strategy. In that regard, the book is a cash producing advertisement for his firm. To his credit, Mr. Schiff does not hide that fact. A little web-surfing reveals that a significant percentage of his "foreign market" clients have been burned worse than if they had stayed in the US markets. As for gold, again a conflict of interest occurs with respect to the Perth Mint. Potential gold investors must learn the difference between and implications of "allocated" versus "unallocated" gold. [...]
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br /Painful times are coming and the longer our government tries to delay it, the worse its going to be. Get educated and get ready.
Prescient
The book amazingly details the rape of the US Treasury by mostly Democrat politicians feathering their own financial beds. A gruesome tale of politics at its worst.
Amazing read!!
Peter Schiff goes directly into describing exactly what is the problem with the U.S. economy. He gives you a clear view of why we are in this situation. I would recommend anyone to read this book if you want to protect yourself from the economic collapse that is inevitable. And especially if your curious as to why were in this mess.
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