America Quote by Peter Schiff

“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.” quote by Peter Schiff — Download Open image

“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

★ ★ ★ ★ ★ 3.5 out of 5 (4 ratings)

America Bubbles Clock Clock is ticking Crisis Decline Dollars Economic Economic depression Faces Lenders Pay Printing Terminal

More by Peter Schiff

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 other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go…

Peter Schiff

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

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

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

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

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

Image

Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

Peter Schiff

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

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 that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If…

Peter Schiff

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

Image

The real bubble in China is in US Treasuries, in US dollars.

Peter Schiff

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

Image

Explore all 84 Peter Schiff quotes

More America quotes

The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory for Osama bin Laden, whose announced goal was to bankrupt America by drawing it into a trap. The 2011 military budget - almost matching that of the rest of the world combined - is higher in…

Noam Chomsky

Young men, especially in America, write to me and ask me to recommend “a course of reading.” Distrust a course of reading! People who…

Andrew Lang

Image

Well, The Day the Earth Caught Fire was a story... I don't if anybody knows what it is but it was about... in the…

Val Guest

Image

So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…

Barack Obama

Image

Today, the world looks to America for leadership. And America looks to its Corps of Marines.

Ronald Reagan

Image

The image of blacks usually is one of people who are suffering from hunger, unemployment, and poverty. The idea of them as agents and activists - as starting revolutions - does not exist in most people's minds. And I think it's very, very important that folks understand how much this country was founded on the enslavement of blacks, and how…

Grace Lee Boggs

I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]

Bill Hicks

Image

America is a democracy and has no Hitler, but I am afraid for her future; there are hard times ahead for the American people,…

Albert Einstein

Image

I'm gonna bring America together.

Donald Trump

Image

In the nineteenth century some parts of the world were unexplored, but there was almost no restriction on travel.:; Up to 1914 you did not need a passport for any country except Russia.:; The European emigrant, if he could scrape together a few pounds for the passage, simply set sail for America or Australia, and when he got there no…

George Orwell