Peter Schiff takes Occupy The Wall Street demonstrators again

Reason.tv followed by investment guru, radio personality, and unabashed defender of capitalism Peter Schiff as he spent three hours between protesters occupy Wall Street in Zuccotti Park in Manhattan.

A member of the apology of "1 percent" Schiff argued with all stakeholders during the greater part of the afternoon.

Schiff is not commonly observed. As the prinicipal of the financial firm Euro Pacific Capital, is a full member and unapologetic "of 1 percent." As a radio commentator and openly, not only predicted the housing slump and financial crisis, he railed at the banks and auto industry bailouts, as they were happening. Schiff believes that capitalism offers the only hope for young people, frustrated to have a vibrant and prosperous future. So he went to take Wall Street to participate and discuss the protesters.

Touring Wall Street Scene occupied in New York with a sign saying "I am the 1%, these talks," Schiff spent more than three hours on stage, explaining the difference between capitalism and cronyism, bailouts and the leaves of balance, and more.

"The regulation we want is for the market," said Schiff. "That's what works."

Schiff described as "sympathetic" to the plight of the protesters OWS, but believes that his anger is not directed at the legitimate commercial interests and should be better in the White House, Congress, the Federal Reserve and the crony capitalists they have rescued.

source : realclearpolitics.com