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Peter Schiff Quotes: There is simply no way to sustain an economy based on consumer credit.
         

There is simply no way to sustain an economy based on consumer credit.


Peter Schiff
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Other quotes of Peter Schiff


The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States.

The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States.



Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.

Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.



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

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



At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.



The strength in gold is revealing the general weakness in the dollar.

The strength in gold is revealing the general weakness in the dollar.



Keynesians are to economics what witch doctors are to medicine.

Keynesians are to economics what witch doctors are to medicine.



It is production that creates purchasing power, not the printing press!

It is production that creates purchasing power, not the printing press!



One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.



Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.



The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.

The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.





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the worstthing that ever happenedtothe worldwasthe white man coming across gun powder.–– the end of the world | the beginning of white supremacy

the worstthing that ever happenedtothe worldwasthe white man coming across gun powder.–– the end of the world | the beginning of white supremacy



Take your victories, whatever they may be, cherish them, use them, but don't settle for them.

Take your victories, whatever they may be, cherish them, use them, but don't settle for them.




Power doesn't corrupt people, people corrupt power.

Power doesn't corrupt people, people corrupt power.



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Songwriting isn't always something that's directly proportionate to the experience.



Getting old ain't for the faint of heart.

Getting old ain't for the faint of heart.



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The only thing I was any good at was music.



It is important to learn how to take criticism seriously, but not personally.

It is important to learn how to take criticism seriously, but not personally.



This was the life I was going to be living, everybody separated from everybody else, hanging on for a moment only to be washed away.

This was the life I was going to be living, everybody separated from everybody else, hanging on for a moment only to be washed away.



One can't be too dangerous, if they like to eat pancakes. Especially with jam on it.

One can't be too dangerous, if they like to eat pancakes. Especially with jam on it.




Quote Description


This page presents the quote "There is simply no way to sustain an economy based on consumer credit.". Author of this quote is Peter Schiff. This quote is about way, credit, economy,.