FastSaying

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.

Peter Schiff

AbleAlwaysBadBuyDebtDollarFederalFederal ReserveFoodGoingGoldIntrinsicKindsLoseMoreMortgagesOtherProblemReserveSpendStoreThe Problem WithThemUpValueWillYouYour

Related Quotes

A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.
— P. J. O'Rourke
ActuallyAnythingBacked
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
— Ben Bernanke
AfterCrashDollar
If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.
— Elizabeth Warren
BudgetFederalFederal Reserve
There's nothing the people love more than a Federal Reserve joke.
— Adam McKay
FederalFederal ReserveJoke
The Federal Reserve is incapable of accomplishing its stated objectives.
— G. Edward Griffin
AccomplishingFederalFederal Reserve