Peter Schiff Quotes

And the reason the federal government wasn’t given that power [to create paper money or issue bills of credit] was because the framers didn’t want it to have the power to create inflation. They had just experienced it firsthand with the Continental dollar, which ended up being worth around 10 cents and gave rise to the expression “not worth a Continental.”

Mutual funds are an overrated investment heavily promoted by Wall Street.

Stocks that are selected conservatively and pay high cash dividends [higher than bonds] are, in fact, my favorite investment alternative, especially where there is the prospect of currency profits....

In the perspective of previous bear markets, notably those of the 1930s and the 1970s, the prospects look even worse. Economic conditions now are as bad as or worse than what existed then.

...it is the natural tendency of market economies to lower prices that makes them so successful.

Transferring regulatory authority from one unaccountable agency to another will not solve any problems.

Dodd's proposal takes regulatory authority away from one unaccountable institution and gives it to another even bigger one. This will not solve our problems.

Here’s why I would recommend against [selling the U.S. stock markets short]....Retail brokers normally require investors to hold any short-sale proceeds in U.S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value....I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest.

If Enron had been forced to pay cash dividends, it could never have pulled that caper off!

Inflation is the unhappy result of our monetary mismanagement and the ultimate cause of the coming economic collapse.

Authors@Google: Peter Schiff (2009)

Legitimate economic expansions, financed by actual savings, do not need busts. It is only the inflation-induced varieties that sow the seeds of their own destruction.

Real economic growth emanates from increased productivity, which tends to hold prices down.

Too many people in Connecticut are struggling right now, and the last thing we need is meddling politicians making things worse. Only by cutting deficit spending, reducing burdensome regulations, and letting people keep more of their hard-earned dollars will we get our economy back on track.

Non-dividend-paying growth stocks can be attractive but should be viewed as speculation rather than investing.