Before you think to yourself, “Yikes, a 20 minute video!”, watch at least 1 minute and you might find you can’t turn it off – it’s *that* good.
For those that don’t know, Peter Schiff is an interesting character. He is known as being one of the few economists to predict the credit crisis, as he had been pounding the table from 2005-2007 on TV, print and radio. However, he also incorrectly called for a 5 year bear market post 9/11. His views are heavily based on the Austrian school of economics, which is not very mainstream. And while he correctly predicted the credit crisis, his clients actually fared worse than the market returns nonetheless as the investment strategies he recommended didn’t pan out in light of his accurate fundamental forecast.
In any case… in this video he heads down to Zucotti Park in Manhattan where the original Occupy Wall Street movement is set up and takes on various opinions one by one. In many cases he absolutely destroys the lack of factual arguments and faulty assumptions by some protesters. Not to belittle the movement, but there are certainly some uninformed participants. The more informed dissenters are not represented in this video, but that’s because video editors have all the power in this world. :)