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… — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen… — Peter Schiff Copy Share Image
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.… — Peter Schiff Copy Share Image
Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom. The Fed has always saved the market… — Peter Schiff Copy Share Image
“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.” — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles. — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do… — Peter Schiff Copy Share Image
Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the… — Peter Schiff Copy Share Image
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… — Peter Schiff Copy Share Image
