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 More Quotes by Peter Schiff More Quotes From Peter Schiff 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 lose doing power Wall Street is in trouble because Main Street is broke. Peter Schiff street because broke trouble 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. Peter Schiff true think government depression 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 street think me mother You don't help the economy by spending money. Peter Schiff help you economy money 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 freedom government people world 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 you family community work 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. Peter Schiff me hypocrisy nature truth When Trump was a candidate, he talked about the stock market, because, oh, the stock market was going up when Obama was president. Peter Schiff candidate stock-market up president My investment advice is rooted in my understanding of economics. Peter Schiff rooted economics understanding advice 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 me political money gold 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 rise changes inflation fall
