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


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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.