Quotes by Peter Schiff - Page 2

We share management's vision that the recent regulatory changes, the large presence of Sprint Nextel in the 2.5 GHz band, and the near-term implementation of 4G systems make Oneida the right company in the right place at the right time.
Peter Schiff / Author
Band
Management
Vision
Copy Quote
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 / Author
Class
Creating
Economic
Economic Freedom
Employment
Envy
Limited Government
Middle
Middle Class
Self Interest
Dynamic
Opportunities
Pursuing
Copy Quote
I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock.
Peter Schiff / Author
People
Social Media
Thinking
Copy Quote
I would say to people of a libertarian conservative position on an issue, do not do a taped interview. You're going to come out looking really bad. No matter what you say, no matter how eloquently you answer a question, your answer is not going to be what you said.
Peter Schiff / Author
Conservative
Libertarian
Position
Your People Bad
Eloquently
Interview
Issue
Copy Quote
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 / Author
Jobs
Government
Burden
Economy
Printing Press
Trying
Destroy
Free Markets
Markets
Press
Reduce
Wants
Copy Quote
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 / Author
Government
House
Numbers
Copy Quote
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 / Author
America
Clock Is Ticking
Dollars
Copy Quote
The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what returns is what existed prior to the dollar standard, and that is a global gold standard, which is the only thing that really works.
Peter Schiff / Author
Giving
Gold
Thinking
Copy Quote
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 / Author
Finance
Emerging
Goods
Imports
Income
Investment
Productivity
Surplus
Abroad
Account
Additional
Capital
Circumstance
Nation
Consumer
Current
Deficits
Developed
Enhance
Purchases
Uses
Copy Quote
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 / Author
Bail
Cost
Detroit
Economy
Hundred
Millions
Mother
Taught
Two
Wall
Always Me Will
Mother Always Me
Bailout
Run
Companies
Politicians
Street
Me Will Always
Prop
Wall Street
Wrongs
Copy Quote
The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.
Peter Schiff / Author
America
Philosophy
Political
Copy Quote
Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.
Peter Schiff / Author
Overcoming
Selling
Supportive
Copy Quote
The market needs to set prices, including interest rates and allocate resources. If it were up to me, we would abolish the Fed and return to the gold standard. Absent that, the Fed should be completely removed from the political sphere, its dual mandate replaced by a single mission to provide the nation with sound money.
Peter Schiff / Author
Abolish
Gold
Gold Standard
Including
Interest
Replaced
Resources
Return
Sound
Allocate
Dual
Fed
Interest Rates
Mission
Mandate
Standard
Prices
Provide
Rates
Sphere
Copy Quote
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 / Author
Brady
Bunch
Changed
Class
House
Meant To Be
Middle
Middle Class
Pta
Remember
Rich
Tv
Alice
Family Work Community
Meant
Dramatically
Employ
Full-Time
Housekeeper
Mrs
Tv Show
Worked
Copy Quote
There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.
Peter Schiff / Author
Running
Cutting
Mistake
Copy Quote
The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.
Peter Schiff / Author
Country
Play
Unique
Copy Quote
There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
Peter Schiff / Author
Causes
Commodity
Demand
Goods
Inflation
Rise
Aggregate
Economies
Increases
Market
Prices
Services
Supply
Copy Quote
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 / Author
Able
Debt
Dollars
Federal Reserve
Gold
Problem
Food Always Your
Buy
Dollar
Federal
Spend
Intrinsic
Lose
Mortgages
Reserve
Store
The Problem With
Value
Copy Quote
Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.
Peter Schiff / Author
Opportunity
Gold
Thinking
Copy Quote
You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government. Then you have others where poor people are working hard and underconsuming and their governments are buying all this debt and propping up the extravagant countries. All of this has to change. There's a tremendous moral hazard involved with this system.
Peter Schiff / Author
Country
Mean
People
Copy Quote
Over the past decade or so, you have seen the flip side of that as you've seen stock prices have come down a lot relative to gold. Now you are getting a change where people are more comfortable holding gold because in the rear-view mirror it doesn't look so bad for gold. Bonds have not come down as much relative to gold, but I think the bond bubble is going to burst and will be falling for years too. And gold will look that much better.
Peter Schiff / Author
Fall
Past
Thinking
Copy Quote
A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future.
Peter Schiff / Author
Cutting
Mistake
Past
Copy Quote
In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, 'we must spend now as an investment for the future'....instead of saving for the future, we must spend for the future.
Peter Schiff / Author
Jobs
Loss
President
Copy Quote
Contrary to the rhetoric emanating from the American left, the 'rich' are currently paying a lot more than 'their fair share.' It is only a handful of mega-rich, those whose entire incomes are derived from dividends and capital gains, rather than salaries or business profits, who have the ability to pay lower tax rates than some members of the middle class. The left knows this but continues to build their 'freeloading millionaire' straw man because it makes good politics.
Peter Schiff / Author
Men
Class
Salary
Copy Quote
Well, I don't like the UK. I haven't ever been a fan of the pound (sterling), and even though they are taking some steps in the right direction - more so than the US - in addressing some of their problems, I still think they're doing it much too slowly. So, I think that the pound will continue to lose value relative to some of these other currencies. I ultimately expect the pound to rise against the dollar, but that's not the best way to take advantage of dollar weakness.
Peter Schiff / Author
Fans
Thinking
Weakness
Copy Quote
Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.
Peter Schiff / Author
Country
Giving
Thinking
Copy Quote
Most governments, not all of them, but most, certainly don't want their citizens using gold. They want them in the currency that they are creating. When they are debasing money, or printing money, they are spending it and they want it to have as much value as possible when they originally spend it. Of course once they spend it, it will lose value for them and everyone else that holds it. But they need demand for their currency. They need as many people as possible holding it and transacting it. The more people that use gold, the harder it makes it.
Peter Schiff / Author
Gold
People
Printing
Copy Quote
Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.
Peter Schiff / Author
Long
Real
Thinking
Copy Quote
When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed.
Peter Schiff / Author
Running
Government
Mistake
Copy Quote

Top Authors

Johann Wolfgang Von Goethe
Writer
Thursday, Aug 28, 1749
Thursday, Mar 22, 1832
Chanakya
Teacher
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
Pope Francis
Thursday, Dec 17, 1936
Joe Biden
Vice President Of The United States
Friday, Nov 20, 1942
Napoleon Hill
Author
Friday, Oct 26, 1883
Sunday, Nov 08, 1970
Sun Tzu
Strategist
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
John Keats
Poet
Saturday, Oct 31, 1795
Friday, Feb 23, 1821
Helen Keller
Author
Sunday, Jun 27, 1880
Saturday, Jun 01, 1968
Kim Kardashian
Television Personality
Tuesday, Oct 21, 1980
Samuel Taylor Coleridge
Poet
Wednesday, Oct 21, 1772
Friday, Jul 25, 1834
Niccolo Machiavelli
Historian
Monday, May 03, 1469
Tuesday, Jun 21, 1527
W. Edwards Deming
Statistician
Sunday, Oct 14, 1900
Monday, Dec 20, 1993
Vince Lombardi
Football Player
Wednesday, Jun 11, 1913
Thursday, Sep 03, 1970
William Blake
Poet
Monday, Nov 28, 1757
Sunday, Aug 12, 1827
Will Rogers
Actor
Tuesday, Nov 04, 1879
Thursday, Aug 15, 1935

View All Authors

Peter Schiff Quotes - Page 2

Picture Quotes Maker

Popular Topic Tags

Top Authors

Share This Page

Stay Connected

Picture Quotes Maker

Popular Topic Tags

Top Authors

Share This Page