I'm always a little leery of reading too many things that will tend to agree with viewpoints that I already hold. While I'm fairly set in my ways, I love to learn, and I like to hear viewpoints that may be opposing (or not related, even) to mine for the experience of learning something new and checking the information against what I already believe. Books like Crash Proof 2.0 tend to fall into the category of mirroring my own beliefs, and as such I wasn't as quick to read it as I might have otherwise been.
It's a shame that I didn't read it in 2006. Peter Schiff correctly, and I mean correctly, predicted most of what happened in 2008, a full two years prior to its occurrence. When I started reading the book, I was reading the original Crash Proof (not 2.0) as I had found excerpts online, and noticed that it was written before the financial crisis. Interested in what little I had read, I searched to see if there were updates, and found that Crash Proof 2.0 had been written in 2009, with the original book intact, but with updates from 2009 written at the end of each chapter.
I plunked down the $12 for the Kindle version, and read it on my HTC Flyer. It's one of the best purchases I've made this year! It's very interesting to see how the predictions made in the original book came so true, and of course with the 2009 updates, Peter expands on his thinking from then, and provides further insights as to what to expect for the future.
The book is filled with expert advice, particularly if you think there is an upcoming dollar collapse and that the government printing trillions of dollars is just not the way to go about ensuring prosperity. He starts with an analysis of the problem – that America is no longer a producing nation, and that our government is literally trading away our prosperity to foreign investors. The Federal Reserve continues to print money like it's going out of style, and so people's wealth is slowly being robbed of them without their knowledge – as things get more expensive and they make the same amount of money. Analysing the stock market and the real estate market, he shows from the 2006 standpoint how the two are inter-related and predicts a collapse (which happened, of course), and we get the wisdom of both foresight and hindsight in the analysis of the economic crisis with updates from 2009. From that point, the book devotes the rest of its chapters to what individuals can do to protect themselves from the coming dollar devaluation by investing in foreign markets, precious metals, and maintaing certain levels of liquidity.
Most people will dismiss the book, even though it's filled with accurate predictions and sound advice. Most people don't see a coming dollar collapse (though Schiff is in the same company as many Austrian economists, and even other financial pundits like Robert Kiyosaki, who all agree that it will happen) and so aren't particularly worried. As the last part of the book details, this is an unfortunate occurrence, but it's one that readers can take steps to alleviate. Whether protecting themselves, or helping others by sharing the knowledge, the way to do just that is contained in the book! I highly recommend it for that reason.