18 Peter Schiff Quotes for You to Enjoy

Peter Schiff

American Businessman

Born: Mar 23, 1963

Because Government Me Money People You

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

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

Buy Food You Problem Will Value Lose Other Spend Intrinsic Bad Kinds Able More Federal Federal Reserve Mortgages Always Dollar Up Debt Going Gold Store The Problem With Them Your Reserve

Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad. Peter Schiff

Finance Nation Additional Deficits OK Circumstance Purchases Some Emerging Abroad Consumer Developed Investment Goods Trade Imports Surplus Account Current Capital Certain Productivity Uses Enhance Income Necessary

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

Enemy Charge Guy Fact Fed Recovery Never He Economy Concerned Going In Fact As Far As Biggest While Public Far Ben

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

Day People Back One Day Could Price Look How Inexpensive Snapped Up Shocked Going Gold Nostalgia Bargain

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

Government You People Money Financial Power Spend Those Valve Purchasing Purchasing Power Escape Going Substantial Should Assets

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

Value Somebody Power Lose Other Else Relative Purchasing Purchasing Power Some Doing Dollar Loses Currency Gets Vacuum

I don't want the technology of the 1950s, but I want the free market of the 1950s. Peter Schiff

Technology Free Market Free Market Want

My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up. Peter Schiff

Me Mother Will Politicians Think Hundred Out Run Prop Cost More Detroit Bail Bailout Economy Wrongs Make Always Up Than Wall Wall Street Taught Which Companies Street Right Millions Two

You don't help the economy by spending money. Peter Schiff

You Money Spending Spending Money Economy Help

The American middle class used to be envy of the world. It was a byproduct of economic freedom. We had a very dynamic free-market economy and limited government. People were out there pursuing their own self-interest and creating employment opportunities. Peter Schiff

Government Freedom Class People World Envy Opportunities Limited Government Own Out Economic Economic Freedom Pursuing Had Economy Employment Limited Self-Interest Were Very American Middle Middle Class Dynamic Creating Used

Remember 'The Brady Bunch' TV show? That 1970s family had a full-time live-in housekeeper called Alice. Mrs. Brady worked at the PTA and did community work. She didn't clean her own house. That was middle class. Now you have to be very rich to employ a housekeeper. Everything it meant to be middle class has changed dramatically. Peter Schiff

Work Family You Class Remember Own Rich Community Changed Alice Dramatically Everything TV TV Show Clean Had Employ House She Housekeeper Brady Very Bunch Did Middle Middle Class Worked Meant Meant To Be Show Full-Time Now Her

My investment advice is rooted in my understanding of economics. Peter Schiff

Economics Advice Understanding Investment Rooted

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else. Peter Schiff

You People Bitcoin Value Values Believe Else Something Something Else Properties Exchange Nobody Sort Because Metal Gold Use Actually Things

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