Approved Quote by Peter Schiff

“We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.”

Peter Schiff

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Approved Cards Celebrate Credit Credit card Expensive Family Feel good Feels Foe Going out Indebted Inevitable Meals Might Stills

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…

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Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…

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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.…

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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…

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“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.”

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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…

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

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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…

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Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do…

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Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the…

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

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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…

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Explore all 84 Peter Schiff quotes

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