Thursday, December 07, 2023 Text is available under the CC BY-SA 3.0 licence.

Peter Schiff

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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.

 
Peter Schiff

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You can't save free markets by socialism, I don't know where this idea ever came from. You save free markets by promoting free markets and sound money and balanced budgets. The whole reason why nobody wants to address the real problem is, we're spending a trillion dollars a year overseas running an empire, and it's coming to an end. This country is bankrupt, and we won't admit it. Eventually though, the dollar will go bust, and we will bring our troops home, and we will live within our means, but we ought to do it sensibly, rather than waiting for the collapse of the dollar, and this is what we're doing, we're on the verge of destroying our dollar. And then, you think we have problems now, problems then will be a lot worse, it'd look like the Weimar Republic, or a third world nation. And a lot of people know that, and they're scared to death, but we don't need to be making the problem worse by just propping up everything with more government programs, more inflation, and more helicopters, it won't work.

 
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I'll clue you in on a secret: death is not the worst thing that could happen to you. I know we think that; we are the first society ever to think that. It's not worse than dishonor; it's not worse than losing your freedom; its not worse than losing a sense of personal responsibility.

 
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This is my perspective and has always been my perspective on life: I have a very grim, pessimistic view of it. I always have, since I was a little boy. It hasnít gotten worse with age or anything. I do feel that itís a grim, painful, nightmarish, meaningless experience, and that the only way that you can be happy is if you tell yourself some lies and deceive yourself.

 
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Women bear Crosses better than Men do, but bear Surprizes Ė worse.

 
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Under these conditions it is no wonder, that the movement of atheists, which declares religion to be just a deliberate illusion, invented by power-seeking priests, and which has for the pious belief in a higher Power nothing but words of mockery, eagerly makes use of progressive scientific knowledge and in a presumed unity with it, expands in an ever faster pace its disintegrating action on all nations of the earth and on all social levels. I do not need to explain in any more detail that after its victory not only all the most precious treasures of our culture would vanish, but ó which is even worse ó also any prospects at a better future.

 
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