19 Total Quotes

Peter Schiff Quotes

What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date.
Peter Schiff
#America

What will most likely occur is a long overdue loss of confidence in financial assets in general, particularly those denominated in U.S. dollars.
Peter Schiff
#Confidence

There is nothing the Fed can do to combat inflation unless they hike rates aggressively.
Peter Schiff
#Inflation

All those commodities are going to have to rise in value as we are in short supply and we are printing too much money.
Peter Schiff
#Value

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
#Vision

That shows that big money is not buying, Wall Street does not believe this rally, they are still skeptical and are waiting for the gold price to fall.
Peter Schiff
#Money

Before I came along, it was very difficult for people to invest in foreign stocks and not lose their shirts to the market makers.
Peter Schiff
#People

Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
Peter Schiff
#Money

Unfortunately <br/> the situation in New Orleans is a microcosm of our nation <br/> as a whole. Although our reliance on foreign savings and production <br/> are widely known, and most economists accept the fact that <br/> a real economic disaster would ensue should foreigners discontinue <br/> such subsidies, dump their hoards of U.S. treasuries, and <br/> refuse to exchange real goods for paper dollars. However, <br/> rather than perusing policies to rebalance our economy, we <br/> simply do nothing, and hope that day of reckoning never arrives. <br/> However, just as that strategy backfired in New Orleans, so, <br/> too, will it for America as a whole.
Peter Schiff
#Reliance #Economy #Economists

[Perhaps this] borrowing to create cash flow ... The personal 'savings' rate has fallen <br/> to a new all time record low of minus 6%. Rather than curtailing <br/> consumption, Americans have merely responded to higher gas <br/> prices by borrowing more money. Therefore, the immediate damage <br/> isn't reduced consumption by increased debt. As a result, <br/> the actual damage is only being postponed, but with even greater <br/> consequences for future consumption, as not only will Americans <br/> be required to pay more for energy tomorrow, they will have <br/> to pay interest and principal associated with today's purchases <br/> as well. What America has succeeded in creating is not an <br/> economy impervious to 'shocks,' but merely one which enables <br/> their consequences to be postponed to a later date. Unfortunately, <br/> that date may have finally arrived.
Peter Schiff
#Money #Consequences #Economy #Gas Prices

[Perhaps this] borrowing to create cash flow ... The personal 'savings' rate has fallen to a new all time record low of minus 6%. Rather than curtailing consumption, Americans have merely responded to higher gas prices by borrowing more money. Therefore, the immediate damage isnt reduced consumption by increased debt. As a result, the actual damage is only being postponed, but with even greater consequences for future consumption, as not only will Americans be required to pay more for energy tomorrow, they will have to pay interest and principal associated with todays purchases as well. What America has succeeded in creating is not an economy impervious to 'shocks,' but merely one which enables their consequences to be postponed to a later date. Unfortunately, that date may have finally arrived.
Peter Schiff
#Money #Consequences #Economy #Gas Prices