Wall Street CEO Peter Schiff visits "Occupy Wall Street"

(SEE INFO) An interesting take from an apolitical standpoint on the now 'worldwide' Occupy Wall Street protests by Wall Street CEO Peter Schiff.

On Oct. 20, 2011, Reason.tv followed investment guru, radio show host, and unflappable defender of capitalism Peter Schiff as he spent three hours among the Occupy Wall Street protesters in New York City's Zuccotti Park.

Peter David Schiff (born March 23, 1963) is an American investment broker, author and financial commentator. Schiff is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.
Schiff frequently appears as a guest on CNBC, Fox Business Channel, and Bloomberg Television and is often quoted in major financial publications and is a frequent guest on internet radio as well as the host of the former podcast Wall Street Unspun, which is now broadcast on terrestrial radio and known as The Peter Schiff Show. In 2010 Schiff ran as a candidate in the Republican primary for the United States Senate seat from Connecticut.
Schiff is known for his bearish views on the dollar and dollar denominated assets, while bullish on investment in tangible assets as well as foreign stocks and currencies.

Things 'Occupy Wall Street' should be protesting:
-the amount of corporate influence in politics
-the widening income inequality around the world
-corruption in business and government
-government spending not aligning with what the people want (eg. spending trillions on the military, then cutting education, etc.)
-the government not having a balanced budget (while every US citizen is legally required to)

Things 'Occupy Wall Street' is actually protesting:
-Capitalism is evil
-Corporations are evil
-Private losses, socialized gains
-Progressive tax rates
-Give me free shit

Their mentality:
"We don't get enough money (low wages/high taxes/corporate greed), so we're going to quit our jobs and sit on our asses holding cardboard signs (NOT actually doing anything) and hope the world changes for us."

OR, in some cases elsewhere:
"The government is taxing us too much, so we're going to riot and cause millions of dollars' worth of damage to private and public property, either screwing over our own people (citizens whose property was destroyed) or forcing our government to pay for it and therefore either raising our taxes or further skewing their spending ratios to make up for it."

Category:

News & Politics

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[missbutter81]

It's great to see Americans actually talking intelligently about politics.

[hckrwolf]

@missbutter81 Unfortunately it's a very rare occasion.

[theOCMAN1986]

Miss-leading title.

This is Peter Shiff and he is one of the most correct and anti wall street corporatism and DC marrige out there. He is a friend of those who want to see the banks collapse.

[hckrwolf]

@theOCMAN1986 My apologies, it's not meant to reflect any sort of negativism towards him or his actions. I'm thinking of changing it - the title was copied and pasted straight from a news site I got it off of.

[wrestle4life234]

You cannot beat Peter Schiff.

[CWScott24]

Its funny when the guy with rags and the guy fawkes mask calls the man a fool...he should look int the mirror

[ProjectILT]

gotta stop swinging that mic likes its a baton and hold it still like its a mic

[WarDogLRS]

These OWS peeps are not on board with Government economics they deserve to suffer on the streets they scream for poverty they yell for crony capitalism they cry for more taxes taken out of their pay they are so stupid to think that a Criminal government is the answer to the problem. Peter has always tried to educate these idiots and they call him names for trying to show them the truth, Americans like these are worst than Nazies commies Welfare Warfare Whores is all they are

[SidneyBoud]

The guy thinks he gave you money Peter check your pockets if you didn't get any money get away from him he is crazy.