The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it. Peter Schiff More Quotes by Peter Schiff More Quotes From Peter Schiff 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 trying people 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 printing-money citizens government 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 government trying jobs 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 government mistake running Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles. Peter Schiff printing-money circles thinking Keynesians are to economics what witch doctors are to medicine. Peter Schiff doctors medicine politics 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 printing-money dollars giving The strength in gold is revealing the general weakness in the dollar. Peter Schiff dollars weakness gold 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 clock-is-ticking dollars america It is production that creates purchasing power, not the printing press! Peter Schiff purchasing-power printing productions Greed is normally balanced by fear. Peter Schiff balanced greed I don't want the technology of the 1950s, but I want the free market of the 1950s. Peter Schiff free-market technology want 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 one-day gold people 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 government house numbers 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 law jobs needs 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 cutting mistake running Printing money is merely taxation in another form. Peter Schiff printing-money printing taxation 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 silver far-away gold Fifty-dollar oil is just another stop on the road to much higher crude prices. Peter Schiff dollars oil fifty 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 salary class men
