US Perspective on our current financial crisis
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This book, many alternative finance web sites and "The Grip of Death" have provide quite an education as to how we got into this mess (stupidity, corruption and criminality), how it could have been prevented, and some suggestions how we, the few who actually have savings, can preserve our purchasing power. I do not agree with all of the author's diagnosis and am sceptical of share investments, however I think this is an excellent book even for UK readers, given the US affects world finance and we have similar problems in the UK.
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Gloomy forecaster offers a bright economic alterative
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Contrarian investor Peter D. Schiff isn't just a bear. He's a sky-is-falling, bury-the-Krugerrands-in-the-backyard bear. Writing with John Downes, Schiff argues that the U.S. economy is going to hell, and that clueless consumers, opportunistic Wall Streeters and pandering politicians are carrying the handbasket. Schiff's screeching tone is a bit grating - until you realize that many of his predictions have proven accurate. That doesn't mean you shouldn't take him with a grain of salt, but this book was published in 2007, and in mid-2008, Schiff's forecasts of a weakening dollar, rising gold prices, a bursting real-estate bubble and strong foreign stock markets were spot-on. His pessimistic polemic could use more practical advice and less macroeconomic analysis, but still getAbstract recommends it to those who seek an alternative viewpoint.
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