Peter Schiff Explains the Free Market to Occupy Wall Street
Peter Schiff received a great deal of publicity this week for descending into the mayhem of Occupy Wall Street in New York to discuss the demands of OWS protestors – demands that are apparently not being presented to the world because in actuality they seem in aggregate to constitute a warmed-over socialist platform dredged up from past battles of the 20th century.
It is perfectly possible that OWS may still turn into a genuine freedom movement, joining hands with the libertarian elements of the Tea Party. (Yes, they still exist and are likely stronger than ever). But Schiff's discussions with the current batch of OWS protestors shows us that the movement is far from being free-market oriented or even based on economic literacy at all.
Without the Internet we would be exposed to none of this. The elite-manipulated OWS would have been treated as "the real thing" rather than the false-flag event it was set up to be. But thanks to the Internet and the 'Net blogosphere in general, OWS and its self-appointed leaders are being gradually exposed for what they are. And maybe OWS therefore has a chance to grow into a true people's movement instead of the other side of a controlled, elite-inspired Hegelian dialect.
(Video from ReasonTV YouTube Channel)
Posted by Freeman on 11/05/11 05:36 PM
These brainwashed blockheads, Peter should waste his time.
Posted by seanmPWH on 10/30/11 07:47 PM
There's too many of the OWS people who just want free stuff from the government, so I made a YouTube video about it called "no more free S**t from the government"
Posted by 4irw4y on 10/30/11 12:06 PM
Ok, I'll be brief. "Occupy Vatican" Click to view link who is the security service for Vatican, ears on!
Posted by 4irw4y on 10/30/11 11:52 AM
Hmm, my 20 uniques is yours, Click to view link
Posted by joseph on 10/30/11 11:52 AM
The R word ... a few come to mind. It's a serious topic, difficult if not impossible to discuss unemotionally. I admire Mr. Schiff for taking it to the street so to speak, and I also admire the crowd for their civility in the discourse. It's a good start in a battle that will never be won by the middle class(?). The OWS is a good thing - poorly organized and misguided, but a good thing for what its worth. Maybe it will get them into the voting booths next year where they can really make a difference. ciao
Posted by 4irw4y on 10/30/11 11:47 AM
"To each and all of these We give and grant the free faculty of calling upon the aid of the secular arm, should the need arise, for investigating and proceeding against those same transgressors and for pursuing and punishing them with condign penalties"
Click to view link .
"Whether should I add an excerpt from the Bible about the Great Whore/Big 7-Hills Mama", - some witf*ck could add, and it undeniably gets finished with "Go on dude" in responce. Some people can say that the latest revelator script "John the Revelator - Apocalypse" is quite a mathematical stuff, don't mind it's 2000-years old (-: so the reader has an opportunity to outline the key havoc indicators/alarm points in the book and do something with them. Just a temporal/temporarily solution, of course.
Ok, don't mind that. It's interesting how many "Occupy Vatican" records went to web storage since Mr. Click to view link (Angry Birds inside the scroll?) had stepped out/on someone's something with this outstanding initiative?
Black Papa. Now they're discussing Mama. Of course, they count opportunities first, not the losses.
73, as usual (-:
Posted by David_Robertson on 10/30/11 05:52 AM
If the occupiers genuinely believe that the government is controlled by the banks and the corporations, which they proclaim it is, then why would they want to send them more tax money to give to these cartels?
That is the only question I would like to ask those calling to "tax the rich" or to impose a Wall Street sales tax as promoted by Webster Tarpley.
Ron Paul is absolutely correct when he says the problem is the spending not too little taxation. I also believe that he should make clear to those who question "taking $1 trillion out of the economy" that most of the spending on wars, nation building, foreign aid and the Empire is all done in other countries and by cutting that spending the dollar will rise in value making imports cheaper and reducing the trade deficit. The idea that one can devalue one's currency into prosperity is just another fantasy like borrowing one's way into wealth.
Posted by amanfromMars on 10/29/11 11:59 PM
I wonder, and would ask the Daily Bell, whether they think Schiff's dogged defense was of Wall Street gambling businesses with other folk's money/wealth/dreams and mercantilism, which is not capitalism at all.
And as for capitalism, these two quotes, from a sea of observations and experiences with the notion/program, does not bode well for any trying to manipulate the truly unpalatable into something undeniably tasty ... .."Fascism is capitalism in decay.", Vladimir Lenin, and "Fascism is capitalism plus murder.", Upton Sinclair ... ..
Click to view link
Does Uncle Sam/Do Power Elites fashion themselves around and have reliance upon, for their continued survival and further progress towards their goals, fascist police statehood? And what do you think would be the chances of that being an acceptable and successful path/strategy?
The main problem appears to be that fiat currency doesn't do what it is supposed to do, because of systems and spoilers that collect and deposit cash/wealth/money/credit/debts into systems and vaults for storage against use, denying currency flow its power to create anything with the simple exchange of its perceived value/magic worth.
Simply exchanging fiat currency/money/gilts and bonds etc etc for other pieces of paper and IOUs does not create anything but a Ponzi and an inevitable systems collapse into chaos, as the realisation dawns that the Great Game being played is not intelligently designed, and it is foolish to play at any of its tables/levels.
Play a totally different game with new rules and regulations to attain new goals which deliver prosperity to all, and a universal education to better use that prosperity as the new system builds a fantastic future world for virtual machinery/SMARTer Programmed Units, should you feel rules and regulations with helpful instructions to novel directions are necessary, and everything changes in as close to an instant as is possible in such circumstances.
And if led, or simply financed by the existing status quo Power Elite, [for the necessary intellectual property for what are most surely quite Sublime Programming Applications for such a revival and reversal* of a present wicked bad fortune and running collapse into chaos, may not be within their ken, and in the exclusive orbit of others who would be fully engaged and more than just willing and able and enabled to provide their every need to feed and seed/nurture and harvest and sow] do existing systems' power hierarchies remain virtually in control of that which they feel is theirs to control.
The alternative that stares them in the face, is that their ignorance loses them everything as currency/wealth/money/gilts/ treasuries/bonds/ IOUs/baubles and beads etc etc flows to that which presents a totally different game with new rules and regulations to attain new goals which deliver prosperity to all, and a universal education to better use that prosperity as the new system builds a fantastic future world for virtual machinery/SMARTer Programmed Units.
* A Renegade Renaissance worthy of a Nobel POTUS, Mr President?
cc. 1600 Pennsylvania Avenue,NW Washington, DC 20500
Reply from The Daily Bell
"I wonder, and would ask the Daily Bell, whether they think Schiff's dogged defense was of Wall Street gambling businesses with other folk's money/wealth/dreams and mercantilism, which is not capitalism at all."
We have made our points clear about Wall Street in the past. Without central banking and the insanity of fiat money flows, it would likely subside into the modest, intermediary business it is meant to be. There is no "middle man" prejudice here. Wall Street today is a horror because it has access literally to trillions in phony money. Take that away (along with regulation and regulatory capture), let the free market and competition in, and the business will deflate into what it should be ...
Posted by Third Eye on 10/29/11 09:44 PM
It's great that Peter went to speak with these people.
Posted by NAPpy on 10/29/11 08:48 PM
"I do belive the Federal Government is the root of the problem."
People vote for the federal government. People believe that it's ok to rally some friends and steal, by vote, from their neighbors. Does that make people the root of the problem?
When I was a kid, my friends and I were inundated by the following language: "do what I say, not what I do", "shut up and do what I tell you", "this is a kingdom, not a democracy", "because I said so", "if you don't like it, you can leave", "I'm spanking you for your own good", "don't ask questions". Anecdotally, most people hear language like that. Objectively, then: people are raised with examples of conflicting morals; people are not raised with examples of how to negotiate when they are in power; people are subject to 12 years of propaganda in public school.
So, would violent parenting be the root cause?
Click to view link
"The most important factor in the USA government was the checks and blances by creating separate branches, legislative, judical, and executive and that each to be separate in its functions but subject to the checks of the other two branches."
If we had them once, and they did not work, why would they work again?
"... people must keep a close watch on their elected representative... "
It's hard enough running my own life. On a good day, I can run a family. On a good day, I can run a small business. It's the height of folly and arrogance to believe that you can rule others, especially something the size of a country.
Posted by mpresley on 10/29/11 08:00 PM
Thank you. If my reply was extraordinary it was only because I write what many others are sometimes afraid to even think, and certainly afraid to write openly for fear of being accused of the R word.
You are, however, correct in that I made a surmise. And you could be correct in your implication that this young man may well be a honor student in an Electrical Engineering graduate program at MIT. But I think that if we both had to bet, we'd both lay our money down on the same horse in this particular race.
As far as the "blacks in the crowd" comment goes, many media reports were criticizing the overt whiteness of the demonstrators--as if any combination that does not somehow meet the requisite socially approved color combination is necessarily suspect. Of course, today, it is, and I was simply basing my comment on what I'd read before.
Posted by rossbcan on 10/29/11 06:40 PM
"I can only hope that the paycheck journalists find some patriotism."
virtually nothing happens without economic reason / motivation. They will not find patriotism, but they will find unemployment due to lack of value (their ignorance / lies) made apparent by free market, unseen hand alternatives to their noxious lies provided by the internet.
... as to the intellectual disconnect between Schiff and the one he foolishly attempted to engage in rational dialogue with, there is no intellectual (peaceful) resolution possible between the entitled (irresponsible) and the personally responsible who demand their property and other basic rights REQUIRED for any sort of productive activity.
These issues, unfortunately, will come down to blood in the streets. It is the only outcome possible after a century+ of educational and MSM subversion's culminating in the equivalent of a lobotomy for the majority.
People instinctively know this. Why else do you think zombie movies are so popular? It is what we are dealing with.
As to psychoanalyzing these individuals, it is pointless. They are Pavlov's citizens, reacting in the manner that they have been programmed to, the end result of an intergenerational social engineering program to "prove" the point that freedom is "not wanted", nor needed, with riots by the entitled to forcefully make the point.
Posted by David_Robertson on 10/29/11 04:24 PM
A very enjoyable piece of work by Peter Schiff. At the end of the long version one young man asked for a show of hands on who was in favour of capitalism and probably more than half of the audience put their hands up. One also said there were many libertarians at OWS and that he though Peter sounded like a libertarian. Good catch that man.
Peter said he thought the movement was getting a bad rap by being branded as socialist, an observation I have made myself on a number of occasions (the bad rap). One member of the audience even suggested that Peter join them.
There were a couple of radical Marxists there by the sound of what they said and by their overly emotional dependence on slogans but they were definitely in the minority. I have discovered three more takes on this movement and here are the links:
Click to view link
Click to view link
Click to view link
One thought that came from the last article by David Graeber one of the original organisers is that they were surprised by the overwhelming growth of the movement. They have been doing this sort of thing for a long time and had become somewhat jaded by the results. Now they are amazed and excited by the response. That doesn't sound like someone who is being manipulated or who has been co=opted.
One thing he did say was that he thought the Tea Party movement was made of of mainly middle aged white people who were afraid of losing their privileges as the "white community" or words to that effect. This shows that he has not studied the roots of that movement which began as libertarian with Ron Paul's run for president in 2007/8. I must admit I was very disappointed with his lack of insight on that issue especially since he is an academic. I suspect it revealed a blind spot in his mind that he doesn't know he has.
Posted by Pitchman on 10/29/11 03:06 PM
Oh and some rudimentary lessons on capitalism can be found in the links above and here:
Click to view link
In developing the art of sales, the biggest challenge is to overcome the ignorance of a propagandized mind.
'The most potent weapon of the oppressor is the mind of the oppressed.' - Steven Biko
Click to view link
Posted by Pitchman on 10/29/11 02:54 PM
Pitchman on 10/28/11 07:23 PM
Re: "The Tea Party Nation's Sellout" -
Click to view link
Very good piece.
For the most part a shallow thinking American public has been reduced to mouthing nothing more than slogans, put in mind by the statist money power. Most of which, I am not sure they understand.
Our once great Democracy, over the decades, has been reduced to a leadership of sock puppets herding an inattentive and craven public, like Lemmings to their demise.
One need look no further than the dimming light coming from OccupyWallStreet. While I have great admiration for the protestors, their energies are misguided and miss directed. There are the standouts, and sure the time will come when these Wall Street Charlatans meet a tragic end. However, the fact that the protestors are looking to a captured government, that has trampled the RULE OF LAW and abdicated their Sacred Oath to protect and defend the Constitution, to suddenly change face and become paragons for all that is right and good is, a giant leap in the wrong direction. You might as well offer yourself up to the auction block.
An abject lesson regarding the Nations ignorance was witnessed when Peter Schiff went down to the street for some one on one time with America's future.
See: Peter Schiff Occupies Wall Street: Government Is The Problem But, Ignorance Abounds - Click to view link
- Inflection Point - Click to view link
Posted by joseph on 10/29/11 02:52 PM
What an extraordinary response, Mr. Mpresley. Of course, the only way the "young, angry Negro student" could ever attend college would be through affirmative action - I doubt he's ever worked a day in his life.
I was sorry to hear him call Mr Schiff a fool. It was a cheap shot - a dead giveaway when you suddenly realize your argument is lacking when challenged. With respect to his body language, noting your astute observation that Mr. Schiff was only moments away from physical assault - a stabbing perhaps (?), is a little spooky.
"I am surprised to see as many blacks in the crowd, given what I've read hitherto." Really, Mr. Mpresley ? Hitherto ?
Posted by Frank on 10/29/11 02:19 PM
Jj, you are exactly correct!
That's why all the logic shown by Schiff too often passes over the head of these brainwashed or dumbed down protestors. Schiff was absolutely brilliant in his defense of Capitalism and his arguments against big government. But I fear it's too late to undue the damage... but Schiff is trying & with the internet, there is a chance enough will begin to see the truth.
Posted by kaydellc on 10/29/11 02:07 PM
The Occupy Wall Street gang are demonstrating against the wrong group. Wall Street is not the culprit. I do not believe Wall Stree is the problem. I do belive the Federal Government is the root of the problem.
The Demonstrators should be demonstrating against the every Congressmen, the President, and those they have elected. This would be the true demonstration. Through corrupt politicans and the greed for power and money they have given all that money could buy and more for thier power to keep in office. Congress, the Presidency, and Justice system are all in the same pot.
The most important factor in the USA government was the checks and blances by creating separate branches, legislative, judical, and executive and that each to be separate in its functions but subject to the checks of the other two branches. The failure to use checks and balances has allowed the judicaiary to create new laws by pretending to to merely intrepret old one; has allowe the executive branch to make thousands of laws and regualtions by issuing executive orders; and allowed the federal government to subvert and invade the reserved rights of the states.
This has created the crony capitalism that is awash in the USA as well as the corruption and class war fare. The people must keep a close watch on their elected representative and elect only those of principals, values, honesty, and who will work within the frame work of the Constitution. Hence the demostrations are only dupes who are being used by the socialist-communist party to gain ground.
Posted by Jj on 10/29/11 11:57 AM
I am concluding nobody knows what the history is on much of anything anymore. While I hear and agree with Schiff, I can easily imagine the other guy's supporters are hailing his views. The other guy looks to me to actually believe what he is spouting, but here is the rub: our education systems may have intentionally re-written history, just to cause this confusion. We are not prepared to fix anything today, as outrageous conclusions now pass in the guise of "Professorships". There has been no standards, much less High Standards for decades. Can we undo this confusion in the next 11 months? Not if the TV and newspapers have their say. I can only hope that the paycheck journalists find some patriotism...
Posted by Molly56 on 10/29/11 11:57 AM
I unfortunately have a pretty vivid memory of the quality of verbal skill displayed by my own generation about 40 years ago on college campuses and I would say that this young man did not do too badly, given his level of experience and education. Also, it's truly unfair to pre-judge his major and source of funds for college. (The overwhelming majority of kids back in the late 60's and 70's at least at my school were majoring in psychology... wonder how that's working for them) Kids are programmed in our public schools to value majors that society will later disparage. Let's not blame the victims, here. His message is unfocused but he is fairly articulate for his age.
He needs to understand better that it is fiat/central bank controlled economies that make the jobs go overseas, and that the trail there is a long and convoluted one. Schiff makes no friends by stating that Wal-Mart employees can just walk away. Most are desparate to put food on the table, I'm sure, and can't pick and choose, given their low skills (a gift of the educational bureaucracy) and the lack of manufacturing jobs that would probably be more appropriate for them.
Kids like this are swept up by the leftists when they would be awesome leaders for the free market if they just had a willing teacher and the right knowledge. It's sad, really.