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REAL CRASH, THE: AMERICA' S COMING BANKRUPTCY--HOW TO SAVE YOURSELF AND YOUR COUNTRY

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REAL CRASH, THE: AMERICA' S COMING BANKRUPTCY--HOW TO SAVE YOURSELF AND YOUR COUNTRY
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REAL CRASH, THE: AMERICA' S COMING BANKRUPTCY--HOW TO SAVE YOURSELF AND YOUR COUNTRY

 SCHIFF & STACY

Hardcover

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คำที่เกี่ยวข้อง POLITICAL ECONOMY

Synopsis: REAL CRASH, THE: AMERICA' S COMING BANKRUPTCY--HOW TO SAVE YOURSELF AND YOUR COUNTRY

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 bestselling 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 defence---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, restructure its debts, and reform our system from the ground up.

Product Details

ISBN 9781250004475
Weight 0.526
Publisher ST.MARTIN'S PRESS
Book Size (cm.) 165x243x36
Language English
Number of Pages 352

Highlight

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 bestselling 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 n view all

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