Peter Schiff Talks to the 1 Percent! "We're not even near the bottom yet!"
"You Got this Occupy Wall Street crowd that wants to have a communist revolution," says investment guru and outspoken defender of free enterprise Peter Schiff, "but hopefully we can have more of a free-market...second American revolution and understand all the pain we're about to endure is because of government. It's not because of capitalism."
Schiff caused a sensation last month when he visited New York's Zuccotti Park and argued with Occupy Wall Street protesters about the causes of and solutions to the Great Recession. In this video, he talks to "the 1 Percent," a group of wealthy individuals who gathered recently in the Bel Air home of Judd Weiss.
Regardless of his audience, Schiff's message in entirely consistent: Cronyism and government policies have distorted the economy and "we're not even near the bottom yet" in terms of the downturn.
About 6 minutes. Shot by Sharif Matar and Tracy Oppenheimer and edited by Oppenheimer.
To watch other Schiff videos and all of Reason.tv's Occupy Wall Street (and LA and DC!) videos, go to http://www.youtube.com/playlist?list=PL3E65B192ADEB84BD
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the Digital Millennium Copyright Act (found at the U.S. Copyright Office) and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.