Peter Schiff Quotes (1963-)

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

“It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.”

“It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.”

“All the politicians want to talk about jobs. They want to say we need jobs. People don't want a "job". They want the stuff that they get because they have a job. If they can have the stuff and skip the job, most people would do that. That's why people look forward to retirement, because they don't have to work anymore. So we don't want to create jobs, we really want to eliminate jobs and create leisure.”

“Nobody is entitled to someone else's money, that is the bottom line. People think they are entitled to it because they think they paid into it, nobody paid into anything, it was a fraud. Every single dollar that the gov collected in social security taxes, has already been spent, there is nothing there, there is no money, so the only money the government gets to make current payment is the money it can take from people who are still working. Its a transfer from the working poor in many cases to the retired rich. We don't have the money, I feel bad for the fact people made promises we can't keep, I feel bad for the people that invested with Bernie Madoff and lost their money, but its the same principle, its the same Ponzi scheme. We have to put an end to it, we have to find real solution to these problems because if we keep on denying that they exist and keep on spending money, we're going to destroy the value of everyone's benefits.”