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- ISBN: 9780470474532 | 047047453X
- Cover: Hardcover
- Copyright: 9/22/2009
The economic tipping point for the United States is no longer an illusion--it is here today. This is the second edition of the bestselling book that predicted the market crash. For more than a decade, Peter Schiff has been observing the US economy and believes that the nation faces an economic storm because of increasing federal, personal and corporate debt. There is not enough savings, a declining dollar, lack of domestic manufacturing--all of which means that the overall standard of living in the United States could decline even further over the next few years. Among Schiff's new dire predictions-- a prolonged depression combined with hyperinflation. The bond market bubble will burst, interest rates will spiral, and the dollar will collapse. However, Schiff does have a survival plan that includes investing in commodities, overseas stocks and more liquid investments.