About Me

I have been very cautious and nervous for the global markets as of last summer 2008. The stock market declines and bankruptcy of certain companies such as Bear Stearns and Lehman Brothers were huge shocks.

On May 1st, 2008 the Dow Jones was at around 13,000, and I came across this book “Crash Proof- How to profit from the coming economic collapse”, I almost ignored it thinking it was some lunatic writer but thank god I didnt. I was curious and the title of the book was so outrageously arrogant, I just had to read a little bit.

It is an awesome book. The facts, the statements, opinions in the book were so very true that it seemed almost like the US Government had almost took us, the public as fools. Peter explains in his book the official data from the government and how misleading they are. Along with that he analyzes the government policies and the dangers of the Housing Bubble.

This book was published in 2007.  He is smart and brave to say Sell when everyone else was screaming Buy Buy Buy.

I highly recommend you to read that book. I dont know if you should buy it now, as its a bit outdated now but you should definately consider reading it.

YouTube Link showing Peter Schiff pointing out his views

Memorable Quotes from 2008

USA- In my adult lifetime, I don’t think I’ve ever seen people as fearful,” -  Warren Buffett

ICELAND - “There is a very real danger … that the Icelandic economy, in the worst case, could be sucked with the banks into the whirlpool and the result could be national bankruptcy,”    – Iceland’s Prime Minister Geir Haarde

Korea – “At times like this, we, both the authorities and market participants, need to think and act rationally.” -  Korean Finance Minister Kang Mn-soo

Russia – “(This is) a large scale financial crisis.    -Russian President Dmitry Medvedev