25 Aug 2008

Plug for Schiff’s Book Crash Proof

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As part of my atonement for mocking Schiff back in early 2007, I always plug his book whenever appropriate.

I don’t recommend it as a place to learn international trade theory, but if you accept his conclusions about the direction of the dollar and US assets in general, then you should read his recommendations for how to protect your wealth. For example, he doesn’t recommend shorting the US stock market, because you are still tied to US dollars. Instead, he makes the initially surprising recommendation to take out home equity loans and use the proceeds to buy foreign assets. My full book review is here.

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