Words matter. These are the best Peter Schiff Quotes, and they’re great for sharing with your friends.
The middle class today would be poor by the standards of the 1950s. Today, with two people working, they would still live paycheck to paycheck.
The left-wing agenda wants us to think that the reason there was a depression was because the government didn’t do anything. That’s not true.
What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.
My investment advice is rooted in my understanding of economics.
You don’t help the economy by spending money.
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.
We had a very upwardly mobile economy, and that peaked around the 1950s when the typical middle-class American family consisted of a father with a job and stay-at-home mom who took care of the kids.
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.
In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up.
Gold has worked for thousands of years, but now with the Internet, it works even better.
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.
The one place that bitcoins seem to be used as money is in crime.
That’s what’s really bothering me about Trump is the hypocrisy, because when Trump was a candidate, and he got elected – because, by and large, he told the truth about the phony nature of the recovery.
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.
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.
