Peter Schiff famous 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

#Real #People #Trying

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

#Jobs #Government #Trying

Greed is normally balanced by fear.
-- Peter Schiff

#Greed #Balanced

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

#Thinking #Fans #Dollars

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

#People #One Day #Gold

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

#Recovery #Guy #Enemy

The Philadelphia Feds manufacturers report for September revealed that despite a sharp slowdown, its prices paid index surged 257 points.
-- Peter Schiff

#Philadelphia #September #Feds

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

#Jobs #Law #Minimum Wage

Often President Obama's worst critics are Senator Obama and candidate Obama.
-- Peter Schiff

#President #President Obama #Worst

The real bubble in China is in US Treasuries, in US dollars
-- Peter Schiff

#Real #Dollars #China

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

#Running #Mistake #Government

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

#Running #Mistake #Cutting

Mutual funds are an overrated investment heavily promoted by Wall Street.
-- Peter Schiff

#Wall #Mutual Fund #Investment

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.
-- Peter Schiff

#Banking #Management #Wealth

You're worth what you're worth
-- Peter Schiff

Keynesians are to economics what witch doctors are to medicine.
-- Peter Schiff

#Medicine #Doctors #Politics

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

#Gold #Debt #Able

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

#Vision #Band #Management

Fifty-dollar oil is just another stop on the road to much higher crude prices.
-- Peter Schiff

#Oil #Dollars #Fifty

The strength in gold is revealing the general weakness in the dollar.
-- Peter Schiff

#Gold #Weakness #Dollars

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

#Too Much #Commodity #Printing

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

#Government #Capitalism

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

#Giving #Debt #Buying

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

#America #President #Needs

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

#Technology #Want #Free Market

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 #People #Financial

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

#Government #Citizens #Taxation

You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.
-- Peter Schiff

#Economy #Consumers #Consuming

We're on a collision course for disaster. All we can do, all your viewers can do is brace for impactBuy gold. Buy silver Get as far away as you can from U.S. currency and the U.S. economy.
-- Peter Schiff

#Gold #Silver #Far Away

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

#Real #Gold #Buying