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Friday, October 21, 2011

Peter Schiff debates Occupy Wallstreet protesters

Peter Schiff debates Occupy Wallstreet protesters about capitalism : Unions helped destroy all the industries they infected , Capitalism is moral , Capitalism is the only moral system Socialism is immoral , there is nothing immoral about greed , everybody wants things , the free market keeps it in check , in a free market people are greedy but they are also fearful they want to make money but they also fear of losing money it is when the government comes in and subsidizes the losses that what creates the problems says Peter Schiff , capitalism does not need to be fixed it needs to be restored he added

3 comments:

  1. With all due respect Mr. Schiff, what was have today are not Henry Ford Capitalists who care about building industry in this country but something more twisted. Certain "Capitalists" get what amounts to Capitalism Insurance (TARP) because they are too big to fail. And then you have elements of the ruling class arguing that despite the rampant financial fraud which was repeatedly exposed, a collapse forewarned which did in fact occur and then you try to disparage the OWS Movement and argue that any critique of the existing system is un-American, anti-Business and anti-Capitalism, then you are better of the fraud protecting the Crony Capitalist system. The systems is polluted. The social contract is broken and you do not have the balls to tell the Financial Elite that they brought this on themselves. Hence that makes you a disingenuous pussy.

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  2. I am not sure about the masses why it is hard to comprehend when the facts are right in front of them.But the arguments you put forward makes perfect sense and seems to be the only fix to the problem in hand i.e. lets get back to the basics. Well demonstrated in the book below. How an economy grows and why it crashes.

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  3. once again a bit salute to you Peter. You are a true gallant and highly chivalrous. We haven't seen a single bureaucrat to come forward and talk and argue with the public about the issues. You not only did that but addressed the root causes of the same.

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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.