The Real Crash
America's Coming Bankruptcy
Schiff's argument that 2008 was a symptom and the real reckoning, a debt-and-dollar crash, still looms unless America embraces radical fixes.
Schiff argues that the 2008 crisis was a symptom, not the disease, and that the real crash, a sovereign-debt and dollar reckoning, still lies ahead unless America changes course. He indicts government spending, cheap credit, and Fed policy, then prescribes sweeping and controversial fixes: deep cuts, sound money, and letting failed institutions fail. Polemical and prescriptive, it extends his bearish thesis from personal investing to national policy in blunt, argumentative terms.
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