The Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
The Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
The Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
THE Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
THE Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is VERY rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
THE QUESTION that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is VERY rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
the one black guy that stuck around the most seemed to have learned a little something and probably asked the right questions....about the only one that seemed sane. RON PAUL 2012!
''Stop deregulating everything so you can do whatever you want''
Kind of like the bipartisan deregulation of the housing market? it WAS aimed at improving the poor's lot, those clueless idiots need to be punched outright
why do these economic illiterates think that markets are imperfect but government isn't. Both are run by people, what changes from markets to governments?
@PiratesWonderful I won't call you a retarded fuck for being wrong (that would make me an ass & an idiot), but you're dead wrong. Saying "government created slavery" is way off since slavery evolved from thousands of years of local merchants and tribes trading/selling slaves among each other across civilizations (so slavery was started by businessmen,) and when it comes to the the US, the settlers simply brought slaves with them until it evolved into an all out form of commerce. #TheMoreYouKnow
"the government is there to begin with, and it's supposed to have powers to take care of the country.." Peter Schiff"No it's not" wow tell that to Alexander Hamilton! You guys showing up here calling the OWS people idiots are just waaay too thick headed and predisposed to bash everyone to make yourselves feel superior..
@NinetyNinerJon You have down syndrome. He is clearly stating throughout the whole video that he wants LIMITED government. More rights to the PEOPLE. It's mind boggling how people don't get this.
@EskimoClay1 down syndrome? How old are you? he wants limited government but that still means a government that can manage the affairs of the country. A government that can't do that is not sovereign, is not a government, but a joke. the government is instituted to establish and protect the rights of the people, who would otherwise be at the mercy of whoever wanted to molest them. Indeed, reading some Hamilton might help you libertarian fanboys...
My last comment on this. Peter Schiff has the patience of a saint, to try and educate so many people with their iq in single figures must have been infuriating!! Very articulate Peter and hopefully someday these brain dead, misguided morons may wake up to what is really happening!!
Oh my god I bet Peter schiff wish he never went to the occupy wall street movement after speaking to so many thick, stupid bastards!! With people like this America as a nation is doomed!!
@85wikkid Yes. I can't believe Connecticut didn't elect this guy. Obama, Newt, Romney, or whoever gets up there with a bunch of questions that they know are coming, and answer them with a bunch of speech writer responses. We all nod our heads. This guy has no script, and dominates every argument thrown against him.
I love concerned faces of the protesters when they understand they don't make no sense. Do they really don't have anything more productive to do then stand on the streets all day? No wonder you don't have any money losers lol
1 hour 48 minutes and 29 seconds of people asking the same question and getting the same answer. Get government out of business (and our lives) and allow capitalism to do it's work. But they can't get it through their thick zombie skulls. It's even funnier when you can see some of then get that click that goes off in their sludge filled minds, when they realize Schiff is right.
@housecry: You said "If Sowell, Schiff, Ron Paul, Gary Johnson, Tom Woods got together on a panel...could you imagine. Amazing."
That would most definitely be an epic economics lesson. They all should tour the country at all the Occupy locations. It would be amazing if these men could actually turn these rallies into something that's actually constructive and educational.
Damn! soooooooooooo many educated foools in this world. Governments have done a great job of damning down these educated fools. They can't even grasp simple economics. Peter Schiff schooled these educated Government fools!
@yankydoodle83 check out Peter Schiff was right on youtube, read tom woods jr and murray rothbard, it's corporatism we need to fear, not free market capitalism
@Clausewitzz because government subsidize oil companies and theft resources from the middle east otherwise in a free market other forms of cleaner energy would be cheaper.
I am embarrassed for some of the folk there. I am proud that there are so many people taking a stand..and they shoud. So I do praise them. But there needs to be more education. So many people talk from left to right without any understanding of economics, world economics etc. They are too angry. Set up knowledge groups, train people,..its too emotional.
I used to support OWS but now after seeing this, I see them as being confused and uninformed about what's actually going on in the government and wallstreet. I think they should stop doing it and start supporting Ron Paul
@ChingChongCification Do some youtube research on Ron Paul and Peter Schiff interviews with their predictions about economy and the government a few years ago. They've always been spot on while other economists and politicians were wrong. They know their shit. I trust what they're saying
If you guys think that the bankers and all financial guys are evil and should lose their jobs, what jobs do you think we'll take? We're better educated, have higher degrees, work 12 hours or more behind the desks. We are more likely to take the jobs of the 99% or the ones who call themselves 99%
A list of corporations whose products I saw in this video: MLB American Eagle (x1000...) Snapple Canon Apple Nikon AT&T Boundless Apparel Toshiba Ed Hardy (pretty sure) Evian The North Face Sol Beer Adidas LG Boston Red Sox New York Yankees SF Giants Burton RIM How anti-corporate can the OWS movement be? They want to have their cake and eat it too.
After watching this video and other videos alike I've noticed that there's a huge gap in many of these people's logic. They don't understand that these "greedy" corporations have power because of the government, that if the government didn't have this power the corporations wouldn't have it either. Peter Schiff tried to tell these people this again and again, yet they still don't understand. This is what happens when you let the government run our education.
Now this idiot claims the financial sector is giving their money to Mitt instead of Obama when Obama is clearly getting more money...and they are constitutionally ignorant to boot!
Meanwhile the FDA in cahoots with the pharmaceutical companies have a proposal to regulate high grade supplements making them as expensive as pharmaceutical drugs. Meanwhile the Department of Education in places like NJ are throwing more money at poor performance schools only to have the costs eaten up in administration costs and the performance of these schools remain so degraded that parents are dependent on lotteries to get their kids into better schools, yet he calls schiff a fool?
This is evidence that Schiff is right. They should disband the Department of Education since these young people are inarticulate, slow to comprehend and have a lack of understanding of what is going on in any objective way. This being the case they are the last people who should be leading a revolution.
This is sooo painful to watch. I almost feel sorry for Schiff and admire his patience. He's talking to people who are upset but unaware of the issues. They confuse Schiff's capitalism with corporatism. They come across as people who simply want something from anyone who seems to have more than they do, they have no nuanced idea of what how the economy works or what went wrong in the relationship between government and the financial sector.
1:17:23 - Oh please lady, The highest income tax rate in Europe is 56.6%. And there are only 5 country's in europe that have an income tax rate between 50 & 56%.
But by there logic. They would say, "They need to pay 74 percent to help poor people." But that's not where the money is going, It's going to expand wasteful government in Europe, and the same in America. Give them more tax revenue & they will just spend more.
Keep The fruits of your labor in your own hands. Screw the income tax.
How the hell can that fool say "Were not all greedy." Everyone has or is greedy in life in one way shape or form, Because you have money does not mean you are greedy.
I believe capitalism would be a better choice than what we have now and all people should be free from governments oppresion and taxations. But capitalism does not answer to far more important questions. Like privatisation. Are there limits ? Privatise entire planet ? Who gave you the right ? Equality in rights. How can a person that is born in a poor home ever have a chance agains a billionaire's kid ? Influence. What if the billionaire's kid is crazy but his capital equals a country's wealth?
I love the comment by the guy for the V for vendetta mask. "Yes, you stumbled into your wealth" Then you have the guy saying lets build boats for the earthquake that's going to take out Washington. The best was 40:50 "I dont want you wearing polyester!" oh man I commend Peter for keeping his cool for almost 2 hours.
@cupocity303 yes for the uneducted majority but those who understand technology, understand economics and realise the way the world works are due for power and happiness as they know why things happen and how to counter it.
These people are angry because they don't understand basics of economy and paradoxically it's because the government they defend made them poor and uneducated. People expect free health care from the government and higher salaries from employers-it's contradiction...the government takes money for "free" health care from employers which take money from salaries...I would prefer to have more money and pay for my health care myself. Wake up America! -socialism and fascism are killing your freedom!
The black guy at 1:40:00 that engaged Schiff, challenged him the most regarding employment and Schiff didn't give a good answer. It went beyond Economics and numbers. If there are only 10 shitty jobs to choose from, you're forced to pick the less shittiest of the 10 because you have no choice. You will starve to death. In that sense, you are a slave, a slave to the System.
@cupocity303 well its better than state communism and socialism where you actually would starve to death peter gave a good answer regarding experience. If you are experienced the competition will pay you more. In hong kong the free trade zone income is now equivalent to U.S income median income. Peter also made the pint that there are no medium wages in Singapore and yet they have higher median Income then the U.S.
@MrObveous777 I agree that it's better than state communism and even socialism. Capitalism is a refection of the nature of Men. With that nature, it's impossible to have pure Socialism (what I would call Libertarian-Socialism), with it being more voluntarily than forced from the top down. And if it were forced from the top down, it wouldn't work in a big country. Best success story closest to Socialist system is Denmark. But countries like that are the exception, not the norm.
@cupocity303 I agree. I am not a libertarian socialist but I know people who are and I completely respect that. I just love competitive capitalism and the theory behind it. I also love the free market. I am a fiscal libertarian.
@MrObveous777 And I'm with you. In a realistic, practical world, I am a Fiscal Libertarian, or Anarcho-Capitalist. Only as a ideological response to those who tell me about how bad Capitalism is, my response is Libertarian-Socialism, Voluntarism....which the world isn't ready for. It may work with a small tribe, but not for entire continents. I am not for Socialism or Communism in the U.S. And variations of it like in Denmark, aren't gonna work either.
At the end of the day, what all this comes down to is that the Economic, Capitalistic system is getting more complex, and people in general are getting more dumber. With the advances in technology, people have gotten too comfortable. Look at these protestors, they're upset but they don't have a clue. There is no way out of this. We have reached out peak in innovation, everyone has cellphones to text on, internet, tv, we're dependent on it. And it's all downhill from here. Enjoy the ride.
Why do so many OWS people think government can solve all our problems? They argue that there needs to be government regulation and oversight of employers to prevent them from abusing employees. Here's a thought, if your employer is abusing you or not paying you enough, THEN FUCKING QUIT. It's that fucking simple. No government interference is needed.
OWSfags need a nanny-state to take care of them because they can't take care of themselves. They're like a bunch of adult children.
Thank you Peter. You are an inspiration to me. I'll try to share your videos with as many people as I can.
It seems like none of the morons in this video were capable of comprehending anything you were saying. These idiots need to realize that government is the problem, not the business owners or capitalism.
@ret Oh boohoo, that's life. Many people have to do that, some have to sacrifice more than others to create wealth. That's life, it's immoral for the government to favor you and steal money from others to fuel your jealousy and envy of the wealthy....
@ret Who says you have to go to a college to be an educated person? I was working at 15 too, and all of Peter's arguments make complete sense to me. He's simply articulating my thoughts better than I can. I doubt I'm the only person.
It seems that Peter Schiff has done nothing but over talk everyone who has stepped up to talk. He is someone who made his millions by trading overseas imagine how someone like him has created jobs in the United States. 150 people he employees but he makes 100 million a year. Keep out talking everyone Peter
@TheMommyBaby He didn't out talk anyone unless you don't understand free market economics. Everyone that came to him had no concept of money or credit, they think the government creates wealth and can spread it amongst people. He has created a lot of jobs in America, actually he got fined for having TOO many employees. How does that make sense? I guess regulations are good...
Peter Schiff makes no where near 100 million a year. I don't think he's even made that all in his whole life. When he ran for Senator here in CT they released his income and I believe he was making a few million a year.
He did a pretty good job with all of those OWS protesters. It takes a lot to stand your ground for as long as he did jumping from one topic to the next everyone bringing up all kinds of different opinions and facts. He really knows his history to talk about this for so long, as well it does show how much some people get it and how others dont at all. Everyone is on there own path and it takes some time to learn what they need to see whats going on for what it really is.
Some of these people are just lost. I have a friend that works at walmart and is treated very well.What I have against walmart is all the private shops it puts out of business bu that's just life.
I think we would do better with no government than a limited one.
Visfen 1 day ago
am i the only person who thinks every person he talked to had some sort of mental disorder?
yakchirscarlson 2 days ago
LUKE RUDKOWSKI!!
iTitanium 3 days ago
For fuck sake someone tell that douchebag filming with the ipad to move back.. he blocks half the screen.
iTitanium 3 days ago
lmao look at these idiots. They literally argued their own points just to debate this guy. What a joke.
rLOVEutionFor2012 3 days ago
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The Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
jaymcd84 6 days ago
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The Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
jaymcd84 6 days ago
This has been flagged as spam show
The Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
jaymcd84 6 days ago
This has been flagged as spam show
THE Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is Very rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
jaymcd84 6 days ago
THE Question that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is VERY rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
jaymcd84 6 days ago
THE QUESTION that was not asked to him was, if his company needs more money to grow and prosper why is he getting paid so much more than the workers of the company? The money should be going back into the business not into personal wallets that grow to be larger and larger while the company grows smaller and tighter on budgets and finances. after a while one person is VERY rich at the expense of something or someone else. Simple physics. Put back what you take and create balance.
jaymcd84 6 days ago
people do not always have a choice. Maybe the choice is between two poor options. schiff is not able to see beyond his nose.
bigoxtailbone2 1 week ago
the one black guy that stuck around the most seemed to have learned a little something and probably asked the right questions....about the only one that seemed sane. RON PAUL 2012!
pastero86 1 week ago
@pastero86 That annoying nigger hogged all the cam time and said nothing but nonsense.
lastwhiteman212 4 days ago
the 1% lady at 1:17:00 is so mentally backwards, her most compelling argument: You,re wrong.
boo hoo woo
DREwestcoast 1 week ago
@DREwestcoast she was lying she's not in the 1%
Zac6230 1 week ago
love how he smokes each and everyone of them, he is really patient to sift through all the ridiculously demagogic 'arguments' thrown all around him
DREwestcoast 1 week ago
''Stop deregulating everything so you can do whatever you want''
Kind of like the bipartisan deregulation of the housing market? it WAS aimed at improving the poor's lot, those clueless idiots need to be punched outright
DREwestcoast 1 week ago
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1:18:00
Somebody needs to be brought to justice and I don't know who.
Wow. Just wow.
wes5020 1 week ago
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wes5020 1 week ago
all these people are fucking retards
bry0pker 1 week ago
20:40
"You're jumping into what you're comfortable in, and that is your economic education..."
Herp derp... I don't understand common sense.
Sserativale 1 week ago
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I never thought I'd see the day that people were pandering for the government to regulate their personal lives and take care of them.
k1DBLITZ 1 week ago
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k1DBLITZ 1 week ago
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why do these economic illiterates think that markets are imperfect but government isn't. Both are run by people, what changes from markets to governments?
PiratesWonderful 1 week ago
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PiratesWonderful 1 week ago
The backwards mask kid yelling about slavery and blah blah blah fallacies is a moron. Hey dummy: GOVERNMENT CREATED SLAVERY YOU RETARDED FUCK.
PiratesWonderful 1 week ago
@PiratesWonderful I won't call you a retarded fuck for being wrong (that would make me an ass & an idiot), but you're dead wrong. Saying "government created slavery" is way off since slavery evolved from thousands of years of local merchants and tribes trading/selling slaves among each other across civilizations (so slavery was started by businessmen,) and when it comes to the the US, the settlers simply brought slaves with them until it evolved into an all out form of commerce. #TheMoreYouKnow
lenglain 2 days ago
my bad, 19:10
slimininin 2 weeks ago
holy shit i never realized how stupid these people are
slimininin 2 weeks ago
0:19:10 "um!"
something about how rehearsed it sounded made me laugh way too hard
slimininin 2 weeks ago
All I hear is shallow talking points, I want to sympathise with them but my god are they stupid.
TheScyy 2 weeks ago
Has our education system really become this shitty?
USfutbol 2 weeks ago
@USfutbol Government runs education, no DOE!
anonymousguitarguy 2 weeks ago
@USfutbol has nothing to do with the education system, it has all to do with the parents...in my opinion.....stupid parents raise stupid childern
Theozzie11 2 days ago
"the government is there to begin with, and it's supposed to have powers to take care of the country.." Peter Schiff"No it's not" wow tell that to Alexander Hamilton! You guys showing up here calling the OWS people idiots are just waaay too thick headed and predisposed to bash everyone to make yourselves feel superior..
NinetyNinerJon 2 weeks ago
@NinetyNinerJon You have down syndrome. He is clearly stating throughout the whole video that he wants LIMITED government. More rights to the PEOPLE. It's mind boggling how people don't get this.
EskimoClay1 2 weeks ago
@EskimoClay1 down syndrome? How old are you? he wants limited government but that still means a government that can manage the affairs of the country. A government that can't do that is not sovereign, is not a government, but a joke. the government is instituted to establish and protect the rights of the people, who would otherwise be at the mercy of whoever wanted to molest them. Indeed, reading some Hamilton might help you libertarian fanboys...
lenglain 2 days ago
dont wear polyester!!!
deliagino3 3 weeks ago
Also that Sage guy is a fucking retard...Jesus.
darrenbuttscom 3 weeks ago
LOL @ Black Kid in Red Hoody: "FUND MY BUSINESS!"
darrenbuttscom 3 weeks ago 3
Atta boy Pete.
forrestswimmer 3 weeks ago
That crazy homeless guy RULES!
KolYma89 3 weeks ago
that black guy with the mask on the back of his head makes me want to punch my computer screen.
amzinasain 3 weeks ago 17
@amzinasain If you punch your computer screen it will make you even less intelligent then the black guy with the mask -LOL
gonedoolali 1 week ago
@amzinasain he is amazingly stupid I was shocked how schiff kept his composure
Zac6230 1 week ago
@amzinasain yes...he had his mind made up and had no intention on changing his beliefs....I hope he has seen this video
Theozzie11 2 days ago
My last comment on this. Peter Schiff has the patience of a saint, to try and educate so many people with their iq in single figures must have been infuriating!! Very articulate Peter and hopefully someday these brain dead, misguided morons may wake up to what is really happening!!
TheNovelty8theory 3 weeks ago 13
Oh my god I bet Peter schiff wish he never went to the occupy wall street movement after speaking to so many thick, stupid bastards!! With people like this America as a nation is doomed!!
TheNovelty8theory 3 weeks ago 2
Peter schiff is right, listen to him stupid people and learn something!!
TheNovelty8theory 3 weeks ago
CORRELATION DOESN"T MEAN CAUSATION!
mootant 3 weeks ago
Negative freedom vs "positive" freedom are things 90% of opponents of Schiff don't have clue about.
mootant 3 weeks ago
peter probably needed a mental health day after trying to explain how the free market works to these ignorant people...
mjb9982 3 weeks ago 2
@85wikkid Yes. I can't believe Connecticut didn't elect this guy. Obama, Newt, Romney, or whoever gets up there with a bunch of questions that they know are coming, and answer them with a bunch of speech writer responses. We all nod our heads. This guy has no script, and dominates every argument thrown against him.
benallen12 3 weeks ago
ignorant fucks.
Cr4zyHunt3r 4 weeks ago 2
peter, why are you talking with the dumbest niggers on earth?
shockinggenius 4 weeks ago
Common sense personified -- why isn't this viral? Oh that's right, there's no common sense left.
asraiSOA 4 weeks ago
,,How many people here have Iphones in their pockets" Haha great question
sebasebusiowy 4 weeks ago
I love concerned faces of the protesters when they understand they don't make no sense. Do they really don't have anything more productive to do then stand on the streets all day? No wonder you don't have any money losers lol
sebasebusiowy 4 weeks ago
1 hour 48 minutes and 29 seconds of people asking the same question and getting the same answer. Get government out of business (and our lives) and allow capitalism to do it's work. But they can't get it through their thick zombie skulls. It's even funnier when you can see some of then get that click that goes off in their sludge filled minds, when they realize Schiff is right.
85wikkid 4 weeks ago in playlist Uploaded videos 2
yup, they're as dumb as i thought they would be
retownsend 1 month ago
54:08 Epic ..
nsn27 1 month ago
I'm wondering if someone like Thomas Sowell can get out there and teach these kids a thing or two about economics.
summercures2 1 month ago
@summercures2 If Sowell, Schiff, Ron Paul, Gary Johnson, Tom Woods got together on a panel...could you imagine. Amazing.
housecry 1 month ago in playlist Representative Ron Paul 2012
@housecry: You said "If Sowell, Schiff, Ron Paul, Gary Johnson, Tom Woods got together on a panel...could you imagine. Amazing."
That would most definitely be an epic economics lesson. They all should tour the country at all the Occupy locations. It would be amazing if these men could actually turn these rallies into something that's actually constructive and educational.
summercures2 1 month ago 3
@housecry +2 Intelligence to your character
Eric21ND 3 weeks ago
Damn! soooooooooooo many educated foools in this world. Governments have done a great job of damning down these educated fools. They can't even grasp simple economics. Peter Schiff schooled these educated Government fools!
cray32 1 month ago
the guy with a green hat is the dumbest man in the world. I'm actually more stupid just for listening!
Jmriccitelli 1 month ago
I support OWS, and dont agree 100% with Peter, but he put out some very cohesive points.
yankydoodle83 1 month ago
@yankydoodle83 check out Peter Schiff was right on youtube, read tom woods jr and murray rothbard, it's corporatism we need to fear, not free market capitalism
trueconservatie33 1 month ago
Capitalism only works when there is growth.
And there we have the real problem becaus the fuel (cheap oil) that made growth possible during the last century is gone.
But nobody is talking about that and instead everybody is blaming one another.
Clausewitzz 1 month ago
@Clausewitzz A lot of truth to that, but we still need free markets...
hunden8404 1 month ago
@Clausewitzz because government subsidize oil companies and theft resources from the middle east otherwise in a free market other forms of cleaner energy would be cheaper.
jasmimarley 1 month ago
I am embarrassed for some of the folk there. I am proud that there are so many people taking a stand..and they shoud. So I do praise them. But there needs to be more education. So many people talk from left to right without any understanding of economics, world economics etc. They are too angry. Set up knowledge groups, train people,..its too emotional.
mmeischa1 1 month ago
Occupying Orlando for a few months now and we need more people like Peter Schiff coming out to educate.
jp6525 1 month ago
I used to support OWS but now after seeing this, I see them as being confused and uninformed about what's actually going on in the government and wallstreet. I think they should stop doing it and start supporting Ron Paul
rushersftw 1 month ago
peter schitt is full of shitt
ChingChongCification 1 month ago
@ChingChongCification Do some youtube research on Ron Paul and Peter Schiff interviews with their predictions about economy and the government a few years ago. They've always been spot on while other economists and politicians were wrong. They know their shit. I trust what they're saying
rushersftw 1 month ago
@ChingChongCification oh fuck off commie
Zac6230 1 week ago
@Zac6230 SHUT THE FUCK UP AND GO SUCK THAT GUYS DICK IF U LOVE HIM SO MUCH. FUCKING GROUPY.
ChingChongCification 1 week ago
@ChingChongCification Go To Hell you Chink Bastard!
Zac6230 1 week ago
If you guys think that the bankers and all financial guys are evil and should lose their jobs, what jobs do you think we'll take? We're better educated, have higher degrees, work 12 hours or more behind the desks. We are more likely to take the jobs of the 99% or the ones who call themselves 99%
kurczak9195 1 month ago
PETER VS THE WORLD!!!!!!!!!!!
melnick1985 1 month ago
SkormFlinxingGlock 1 month ago
1:40:00 the principal that he's advocating is liberty. These people talking about slavery advocate force.
PrivateAckbar 1 month ago
I would love to give these people a Flowers for Algernon zap.
PrivateAckbar 1 month ago
I don't think that race should mean anything, but a black man so apposed to liberty is a sign of disgusting times.
PrivateAckbar 1 month ago
After watching this video and other videos alike I've noticed that there's a huge gap in many of these people's logic. They don't understand that these "greedy" corporations have power because of the government, that if the government didn't have this power the corporations wouldn't have it either. Peter Schiff tried to tell these people this again and again, yet they still don't understand. This is what happens when you let the government run our education.
darbpls 1 month ago
The
"What's a meme."
"... O_o I'm so sorry." was actually pretty funny.
DavidUmstattd 1 month ago
these people are so confused.. Props to Schiff
wmarcus1203 1 month ago
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That lady near the end is wrong. The EFFECTIVE tax rate (after deductions) for the top 1% was:
34% in the 50s
38% in the 70s
30% in the 90s
and 32% in the 2000s
.
At no point was effective taxes at 70%. Google it sometime. Historical Effective taxrate
.
harleykman 1 month ago
For fuck's sake, it's ASK, not AKS. Jesus.
Oxonymous 1 month ago 2
Most of these people are mentally retarded, must have been a hard day for Schiffy.
1L1R1A 1 month ago
Now this idiot claims the financial sector is giving their money to Mitt instead of Obama when Obama is clearly getting more money...and they are constitutionally ignorant to boot!
simplenametag 1 month ago
Meanwhile the FDA in cahoots with the pharmaceutical companies have a proposal to regulate high grade supplements making them as expensive as pharmaceutical drugs. Meanwhile the Department of Education in places like NJ are throwing more money at poor performance schools only to have the costs eaten up in administration costs and the performance of these schools remain so degraded that parents are dependent on lotteries to get their kids into better schools, yet he calls schiff a fool?
simplenametag 1 month ago
This is evidence that Schiff is right. They should disband the Department of Education since these young people are inarticulate, slow to comprehend and have a lack of understanding of what is going on in any objective way. This being the case they are the last people who should be leading a revolution.
simplenametag 1 month ago
This is sooo painful to watch. I almost feel sorry for Schiff and admire his patience. He's talking to people who are upset but unaware of the issues. They confuse Schiff's capitalism with corporatism. They come across as people who simply want something from anyone who seems to have more than they do, they have no nuanced idea of what how the economy works or what went wrong in the relationship between government and the financial sector.
simplenametag 1 month ago
I wanted to reach through my screen and punch the guy at 30:00
garybpilot1 1 month ago
@garybpilot1 the guy at 1:13:41 deserves a swift punch as well....
DREwestcoast 1 week ago
Wow, poor OWS bastards.
1253bryan 1 month ago
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pimpin8noillusion 1 month ago
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pimpin8noillusion 1 month ago
The guy at 0:30:19 has no idea what he is talking about.
BandG212 1 month ago
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FortOFHobo 1 month ago
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FortOFHobo 1 month ago
1:17:23 - Oh please lady, The highest income tax rate in Europe is 56.6%. And there are only 5 country's in europe that have an income tax rate between 50 & 56%.
But by there logic. They would say, "They need to pay 74 percent to help poor people." But that's not where the money is going, It's going to expand wasteful government in Europe, and the same in America. Give them more tax revenue & they will just spend more.
Keep The fruits of your labor in your own hands. Screw the income tax.
IBloodSweatTears 1 month ago
20.08 That guy is retarded... wtf is he talking about...?
Yifmelon 1 month ago
@Yifmelon There idiots.
IBloodSweatTears 1 month ago
Allllllllllllllllllotttttttttttttttt of Keynsians out there...
IBloodSweatTears 1 month ago
How the hell can that fool say "Were not all greedy." Everyone has or is greedy in life in one way shape or form, Because you have money does not mean you are greedy.
IBloodSweatTears 1 month ago
Thank you, the full version. Thank goodness.
IBloodSweatTears 1 month ago
I believe capitalism would be a better choice than what we have now and all people should be free from governments oppresion and taxations. But capitalism does not answer to far more important questions. Like privatisation. Are there limits ? Privatise entire planet ? Who gave you the right ? Equality in rights. How can a person that is born in a poor home ever have a chance agains a billionaire's kid ? Influence. What if the billionaire's kid is crazy but his capital equals a country's wealth?
flaviandd 1 month ago
I love the comment by the guy for the V for vendetta mask. "Yes, you stumbled into your wealth" Then you have the guy saying lets build boats for the earthquake that's going to take out Washington. The best was 40:50 "I dont want you wearing polyester!" oh man I commend Peter for keeping his cool for almost 2 hours.
jimbo59153 1 month ago
@yeaforbes1 why does it piss you off that this guy is successful, is it because he had an idea and made money and you didn't
seanhamson 1 month ago
"the best form of government is the one that is silent" - Sean hamson 2011
seanhamson 1 month ago
the problem with the modern society is everyone is sure that they should be entitled to what one person produces
seanhamson 1 month ago
@cupocity303 yes for the uneducted majority but those who understand technology, understand economics and realise the way the world works are due for power and happiness as they know why things happen and how to counter it.
seanhamson 1 month ago
@ascarydude because for most of them its the only thing they know how to argue
seanhamson 1 month ago
Peter Schiff has incredible patience dealing with a phalanx of complete morons. Wow...
perfecto25 1 month ago
Peter arguing with these idiots is like if tyson fought an infant
jewwithbill 1 month ago
oh look its a rich successful man, let's all go rag on him regardless of his opinions because he's rich and assume he's evil
TUBESTEAKNIG 1 month ago
I give him a credit for talking to these uneducated people who don't even know what the capitalism is. I wouldn't be able to tolerate the at all.
JohnMirov 1 month ago
This has been flagged as spam show
These people are angry because they don't understand basics of economy and paradoxically it's because the government they defend made them poor and uneducated. People expect free health care from the government and higher salaries from employers-it's contradiction...the government takes money for "free" health care from employers which take money from salaries...I would prefer to have more money and pay for my health care myself. Wake up America! -socialism and fascism are killing your freedom!
pogromcAbsurdow 1 month ago
Epic fart @ 52:08 lol
09nakeddave09 1 month ago 6
@09nakeddave09 LOL. you have good ears
Bawang0716 1 month ago
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09nakeddave09 1 month ago
Why do black people always have to bring in slavery and racism into their arguments?
ascarydude 1 month ago
These people are depressingly stupid.
Defectoboy 1 month ago 2
Schiff is da man
patularua 1 month ago
LOL Fucking Idiots
yoransom 1 month ago
That sage guy should be a meme, for a camera hungry self important fool.
patrickronanphoto 1 month ago 7
0:52 pwnd bitch
polvijverman 1 month ago
YOU'RE FIRED
polvijverman 1 month ago 2
@polvijverman next president speaking...
molimhvalaizvoli 1 month ago
the guy at 04:50 is stoned and freaky and STUPID!!!
polvijverman 1 month ago
The black guy at 1:40:00 that engaged Schiff, challenged him the most regarding employment and Schiff didn't give a good answer. It went beyond Economics and numbers. If there are only 10 shitty jobs to choose from, you're forced to pick the less shittiest of the 10 because you have no choice. You will starve to death. In that sense, you are a slave, a slave to the System.
cupocity303 1 month ago
@cupocity303 well its better than state communism and socialism where you actually would starve to death peter gave a good answer regarding experience. If you are experienced the competition will pay you more. In hong kong the free trade zone income is now equivalent to U.S income median income. Peter also made the pint that there are no medium wages in Singapore and yet they have higher median Income then the U.S.
MrObveous777 1 month ago
@MrObveous777 I agree that it's better than state communism and even socialism. Capitalism is a refection of the nature of Men. With that nature, it's impossible to have pure Socialism (what I would call Libertarian-Socialism), with it being more voluntarily than forced from the top down. And if it were forced from the top down, it wouldn't work in a big country. Best success story closest to Socialist system is Denmark. But countries like that are the exception, not the norm.
cupocity303 1 month ago
@cupocity303 I agree. I am not a libertarian socialist but I know people who are and I completely respect that. I just love competitive capitalism and the theory behind it. I also love the free market. I am a fiscal libertarian.
MrObveous777 1 month ago
@MrObveous777 And I'm with you. In a realistic, practical world, I am a Fiscal Libertarian, or Anarcho-Capitalist. Only as a ideological response to those who tell me about how bad Capitalism is, my response is Libertarian-Socialism, Voluntarism....which the world isn't ready for. It may work with a small tribe, but not for entire continents. I am not for Socialism or Communism in the U.S. And variations of it like in Denmark, aren't gonna work either.
cupocity303 1 month ago
At the end of the day, what all this comes down to is that the Economic, Capitalistic system is getting more complex, and people in general are getting more dumber. With the advances in technology, people have gotten too comfortable. Look at these protestors, they're upset but they don't have a clue. There is no way out of this. We have reached out peak in innovation, everyone has cellphones to text on, internet, tv, we're dependent on it. And it's all downhill from here. Enjoy the ride.
cupocity303 1 month ago
Why do so many OWS people think government can solve all our problems? They argue that there needs to be government regulation and oversight of employers to prevent them from abusing employees. Here's a thought, if your employer is abusing you or not paying you enough, THEN FUCKING QUIT. It's that fucking simple. No government interference is needed.
OWSfags need a nanny-state to take care of them because they can't take care of themselves. They're like a bunch of adult children.
BolnoyBratchny 1 month ago
Thank you Peter. You are an inspiration to me. I'll try to share your videos with as many people as I can.
It seems like none of the morons in this video were capable of comprehending anything you were saying. These idiots need to realize that government is the problem, not the business owners or capitalism.
BolnoyBratchny 2 months ago
Imma call up Peter and have him pay me minium wage for arguing all day long with these crowds spreading the message!
virtusapiensrex 2 months ago
Thank you for your service Peter
virtusapiensrex 2 months ago 2
@ 1:32, then educate yourself!
hunden8404 2 months ago
A bunch of sheep... No wonder we're in this mess, people suck!!!
hunden8404 2 months ago
Too bad everybody couldn't afford to get an education like Dick Schiff could. I had to work every day since I was 15 to eat and have shelter.
ret 2 months ago
@ret Oh boohoo, that's life. Many people have to do that, some have to sacrifice more than others to create wealth. That's life, it's immoral for the government to favor you and steal money from others to fuel your jealousy and envy of the wealthy....
hunden8404 2 months ago
@ret Who says you have to go to a college to be an educated person? I was working at 15 too, and all of Peter's arguments make complete sense to me. He's simply articulating my thoughts better than I can. I doubt I'm the only person.
nikolaib 2 months ago
@ret do you think anyone will pity you?? Get you ass up and earn yourself a fortune!!
TonyBeanify 2 months ago
It seems that Peter Schiff has done nothing but over talk everyone who has stepped up to talk. He is someone who made his millions by trading overseas imagine how someone like him has created jobs in the United States. 150 people he employees but he makes 100 million a year. Keep out talking everyone Peter
TheMommyBaby 2 months ago
@TheMommyBaby He didn't out talk anyone unless you don't understand free market economics. Everyone that came to him had no concept of money or credit, they think the government creates wealth and can spread it amongst people. He has created a lot of jobs in America, actually he got fined for having TOO many employees. How does that make sense? I guess regulations are good...
hunden8404 2 months ago
@TheMommyBaby He talk sense. Look that this video, it has over 97.7% likes. We are the 97.7%, you are the 2.3%. Feeling any better???
TonyBeanify 2 months ago
@TheMommyBaby
Peter Schiff makes no where near 100 million a year. I don't think he's even made that all in his whole life. When he ran for Senator here in CT they released his income and I believe he was making a few million a year.
RightWinger210 2 months ago
These protesters need to listen to Peter Schiff. He's completely right. They're so ignorant and stupid.
TaTenThinh 2 months ago
He did a pretty good job with all of those OWS protesters. It takes a lot to stand your ground for as long as he did jumping from one topic to the next everyone bringing up all kinds of different opinions and facts. He really knows his history to talk about this for so long, as well it does show how much some people get it and how others dont at all. Everyone is on there own path and it takes some time to learn what they need to see whats going on for what it really is.
casinohijack 2 months ago
It's painful to watch how ignorant these folks are. Peter did a good job!
FreeMarketForces 2 months ago
Schiff is 100% right!
FreeMarketForces 2 months ago
Some of these people are just lost. I have a friend that works at walmart and is treated very well.What I have against walmart is all the private shops it puts out of business bu that's just life.
scumgod13 2 months ago
Polyester!!!!!!!! Its all Polyesterss fault
JPSwissCheese 2 months ago
That guy is confusing Smith with Keynes... 1:26
frank1es83 2 months ago
@49:35 - "But WAHH WAHH the 1% baked cookies and didn't give them to the 99%"
I wish people would actually listen to him, rather that spew the "popular" rhetoric.
88relient 2 months ago
This is the BEST video on economics I've ever watched. It made me buy How an economy grows and Little book of bull moves
RicoBoudreau 2 months ago
People who do not understand what he say's . Should not make a comment!!! He is my Role model !!!
WhiteSnowGentelman 2 months ago
Peter schiff is wrong
rosewood223 2 months ago
@rosewood223 How? Please inform everyone as to why Peter Schiff is wrong. I would to hear what you have to say...
MrGBPackers11 2 months ago
@rosewood223 stop trolling
JPSwissCheese 2 months ago
The black man is as stupid as Obama!!! Fucking nigger!!! This is from Singapore and Fuck you nigger!!!
rosewood223 2 months ago
U see... Shciff is wrong. We should fuck the banks and the FED!!! Fuck you Rothchild!!!
rosewood223 2 months ago