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Peter Schiff Quotes

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The real bubble in China is in US Treasuries, in US dollars  (Peter Schiff Quotes) You’re worth what you’re worth  (Peter Schiff Quotes) It is production that creates purchasing power, not the printing press  (Peter Schiff Quotes) There is simply no way to sustain an economy based on consumer credit  (Peter Schiff Quotes) The only way to buy more is to produce more  (Peter Schiff Quotes) Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.  (Peter Schiff Quotes) Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.  (Peter Schiff Quotes) When the dollar collapses, it’s not doing it in a vacuum. If the dollar loses value, it’s doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.  (Peter Schiff Quotes) The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it  (Peter Schiff Quotes) Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world’s largest debtor, the Federal Government is inflation’s primary beneficiary  (Peter Schiff Quotes) The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I’m concerned, he’s public enemy No. 1. We’re never going to have a recovery while this guy’s in charge  (Peter Schiff Quotes) Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you’ll always be able to buy more food with your gold  (Peter Schiff Quotes) The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States  (Peter Schiff Quotes) Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power  (Peter Schiff Quotes) Greed is normally balanced by fear  (Peter Schiff Quotes) Keynesians are to economics what witch doctors are to medicine  (Peter Schiff Quotes) The strength in gold is revealing the general weakness in the dollar  (Peter Schiff Quotes) Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job  (Peter Schiff Quotes) One day we’re going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price  (Peter Schiff Quotes) At some point, the dollar has to give. You can’t just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding  (Peter Schiff Quotes) What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened  (Peter Schiff Quotes) All those commodities are going to have to rise in value as we are in short supply and we are printing too much money  (Peter Schiff Quotes) Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away  (Peter Schiff Quotes) The government can’t create jobs; they’ll destroy jobs trying to do it. The government doesn’t have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy  (Peter Schiff Quotes) People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it  (Peter Schiff Quotes) I don’t want the technology of the 1950s, but I want the free market of the 1950s  (Peter Schiff Quotes)