American - Businessman | March 23, 1963 -
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. So the purchasing power that we lose, somebody else gets.
Peter Schiff
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Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.
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Greed is normally balanced by fear.
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I don't want the technology of the 1950s, but I want the free market of the 1950s.
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What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.
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The left-wing agenda wants us to think that the reason there was a depression was because the government didn't do anything. That's not true.
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The government can't create jobs; they'll destroy jobs trying to do it. The government doesn't have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.
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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 will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
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To get great again, we need to recreate what made us great in the first place, and so we're going to have to let interest rates go up.
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The middle class today would be poor by the standards of the 1950s. Today, with two people working, they would still live paycheck to paycheck.
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Remember 'The Brady Bunch' TV show? That 1970s family had a full-time live-in housekeeper called Alice. Mrs. Brady worked at the PTA and did community work. She didn't clean her own house. That was middle class. Now you have to be very rich to employ a housekeeper. Everything it meant to be middle class has changed dramatically.
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When Trump was a candidate, he talked about the stock market, because, oh, the stock market was going up when Obama was president.
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