Peter Schiff Nails Wall Street Protestors

Peter Schiff, CEO of Euro Pacific Capital, debates protestors in Zuccotti park.


About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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3 Responses to Peter Schiff Nails Wall Street Protestors

  1. Oliver says:

    From the rest of that clip… a very surprising ending:

    Just as the media distorted the Tea Party into Sarah Palin/Glenn Beck followers, they are also distorting OWS into anti-capitalist commies. No doubt there are a tiny minority among them, but most of them are pro-capitalism, anti-corporatism.

  2. KW says:

    Well, I think we have to go by what OWS is “officially” saying and here is their official website with their list of demands: Reading their list of demands, there doesn’t seem to be any cohesive philosophy behind it (e.g. libertarianism or socialism). It’s a weird college-know-it-all mash-up of demands for everything from forgiving student loans and reducing the cost of healthcare (i.e. bigger government) to revamping the Federal Reserve and SEC.

    BUT, I will say that of all the videos taken of the Tea Party, you’d be hard pressed to find any where Tea Partiers advocated violence or forcibly taking money from people or committing violence, for that matter. There are lots and lots of videos from multiple Occupy protests of people advocating violence, threatening reporters, and demanding “free” stuff. Sure, the MSM called the Tea Party racists, but aside from the whiteness of the crowd (and the Occupy protests are equally pale), there wasn’t any actual evidence. There’s lots of smoke at the Occupy protests. If they want to be taken seriously, they’re going to have to try a little harder to control their crazies.

    • OLiver says:

      The Occupy movements are a headless organization; not everyone marches to the banner of the “leadership.”

      These folks – lacking basic economic understanding… and probably personal hygiene – have a legitimate reason to be pissed. The economy collapsed, and everyone is hurting… everyone except the banks who would’ve collapsed with the rest of us. Instead, they got bailed out. Instead of private profits/private losses, they (enabled by the US government) had private profits/socialized losses.

      The bailout funds is what enabled the banks to expedite foreclosures, evictions, etc.

      Liberal-minded people tend to fault corporations while conservatives tend to fault government. Like you said, they still believe the fiction of “public servants” serving the public, while we see it for what it is.

      The Tea Party and Occupy definitely have overlap… the marriage of corporation and state needs to be divorced. Instead of fighting each other on this issue, these two movements can be a significant force for change in the coming years.

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