American Quote 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…

— 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

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

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

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

— Peter Schiff

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

— Peter Schiff

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

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

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

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

— Peter Schiff

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

The one place that bitcoins seem to be used as money is in crime.

— Peter Schiff