You might be thinking everythingâ€™s okay: the stock market is on the rise, jobs are growing, the worst of it is over. Youâ€™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. Weâ€™re in hock to China, we canâ€™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 weâ€™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 defense---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, default on its debts, and reform our system from the ground up. Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we donâ€™t. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predicts.
© 2012 by Peter Schiff
1 out of 1 (100%) recommend this productWrite a review
Condescending narration doesn't spoil the provocative and enlightening content.February 22, 2014Narration:
Overall I'd say the narration is acceptable. By that I mean tonal change, clarity and charisma were all present. I limit it to acceptable only because some of the phrases are spoken with too much intonation and they can easily be interpreted (given the political context) as condescending. For instance, often there are lines like "... liberals don't really think that ..." which if read in your own head it's up to you to decide the tone. The speaker adds what I would consider condescending overtones that diminish the overall performance and content of the book.
There are some very useful descriptive passages about money/currency, taxes, banking and the like. For instance, I did not know that employers pay a mirror of medicare and social security on top of what the employee pays as well as the mandatory state enforced unemployment insurance.
Other parts of the book are more evaluative and as such are much more up to interpretation of facts. Regardless, it is interesting to get Mr. Schiff's opinions and his justifications.
The brief points where Schiff touches on ethical-political issues, he exposes his basically altruist premises which like most Conservatives is what eventually undermines them and makes them susceptible to their altruistically more consistent brethren the Liberals. As an example, Schiff admits that governments role does include some kind of minimum saftey-net. That is just the kind of admission that gives an intellectual Liberal the wedge she needs to suggest that more is better and off we go to welfare statism.
Buy this audiobook. It's informative and thought provoking. Whether you are a Liberal, Conservative, Objectivist or Libertarian you will find something interesting here.
Oliver Wyman is an actor and award-winning audiobook narrator. His first full-length audiobook, It’s Not about the Bike, won an Audie Award. Quickly renowned for his versatility, he went on to win several Audie Awards and seventeen AudioFile Earphones Awards in genres ranging from drama and humor to nonfiction and children’s stories.
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- Publisher: Macmillan Audio
- ISBN-13: 978-1-4272-2294-7