🔴 Peter Schiff at Occupy Wall Street "I am the 1%. Let's Talk"
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- Опубликовано: 7 июл 2018
- Financial CEO Peter Schiff goes to the heart of the Occupy Wall Street protests in Zuccotti Park NYC (October 2011)
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I just realised why rich people don't talk to poor people about money
Underrated comment
Great comment
Did you realize it is because one can only pretend to be doing another a favor for so long while exploiting them before that fact becomes obvious? If that wasn't your realization you missed.
@doug dimidome Exactly, most of them probably can't even hold a minimum wage job.
You ain't lying 😂, Peter is a good dude! A multi Millionaire that actually cares about educating people. He's one of the Goats
This dude is so 1% that he has another dude holding his sign for him
Thanks for the laugh
He actually said it himself "I could actually be in the 1% of the 1%" lol
The guy holding his sign probably a 5%.
😂😂😂
Dude...I laughed so hard reading this..like.... bbbbahahahahhahahahahahahahahahhahahahahahahahah
Nice lol
I am suddenly reminded of a quote:
*"The best argument against democracy is a five-minute conversation with the average voter." - Winston Churchill*
The most employable people on Earth. They love working, they're grateful, and love hard work. (and WOW smart!). lol.
_"Instead of eloquently explaining what "MEME" means... he MOCKS Peter. lol._
Imagine if he instead said, _The concept of a 'meme' was first popularized by Dawkins' _Selfish Gene,_ but has taken like 25 years to start catching on. He used it to make an analog of a gene, passing phenotypic traits by Mendelian statistics ... whereas MEMES compete for people's desire to replicate itself through conversations (similar to how genes do but _sociologically_ ) ... to spread itself based on it's competitive advantage.
Then, his dummass demanded people listen to his REMEDIAL ideas that he YELLED. Not realizing WALMART plays within the rules the GOV MADE regulating employee healthcare policies.
Think about how eeeTARDED-RAY he is ... he has a RARE opportunity to LISTEN to someone that is unlike ANYONE he not only knows, but ever has or WILL know. Yet, he wanted to hear himSELF talk.
He flips out bc the EPA or Dept of Edu are VERY bad ideas ...
But he never ONCE explains why they're necessary.
_"I wanna have a conversation n ax you su'in."_ (Instead of just asking):
Via TIGHTLY LINKED POINTS,
(SKIP ALL OBVIOUS POINTS)
...That UNAMBIGUOUSLY LEADS TO a CLEAR CONCLUSION.
Not ONE PERSON there had that ability. So it is NO MISTAKE that they are resentful, don't know how to make money, and are broke.
Running ANY business in which ALL TAXES ARE. PAID TO THE TEE ... is INORDINATELY EXPENSIVE.
But look who's here axin fu hand-outs !!!
A guy who has no confidence that he could find an email on the internet !!! lol.
Guaranteed his EYE CUE is within a SD of at MOST ... 85 (but probably far less).
Churchill the racist warmonger that killed thousands of Indians and innocent German families, is he suggesting we have a non democratic election? yes there are a lot of fools out there.
Wow, just wow. I can't say he was wrong
The Founding Fathers were right to institute a republican form of government. Processes such as voting and elections are vital for the public to express themselves politically, but when it comes to governance, decision making should be based on expertise rather than mob rule. A republican form of governance tries to strike a balance between having the voices of the people heard and having effective governance by technocrats.
@@gregelguapo2661 10 minutes in and I can say he's wrong on some aspects.
I watch this every 6 months or so and it doesn't get old. His points ring true year after year.
exactly, one of the best videos ever
yes sir Vince, me too
Econ 101, yea right, that explains everything. to the simple minded. I could do the same trick with ANY subject at a Trump rally.
@@reedschrichte800 Why do you think you're smarter than everyone who supported trump? No different with idiots who think all democrats are stupid. There's smart on both sides.
Truer even, because guess what, things have gone further into sht and people have gone further into hate towards the wrong people...
This is why we should teach economics and personal finance in schools.
This is exactly why we don't. Government wants the people dumb and numb. It's in their interest for people to think that bigger government = better government even though in reality it's the road to ruin.
Jake Steelman they do
@@heretic124 This was exactly what famous millionaire robert kiyosaki said in his speech that broke the internet. Schools teach you to become tools of society, they don't want you to become good with money...only good at your potential future job
@@heretic124 You have to pass a financial literacy course in most high schools in order to graduate
This is exactly why government funded public schools and government guided curriculums DONT teach finance. They teach you how to be a worker, a laborer
The smartest people in the crowd are the ones listening quietly and getting a free education...
I mean I need to facts check him I was listening to me lol
Smart people would ask him questions and get free consultation
Nice assessment friend.
@CGMeadia/Spaceley- Sound Art Media systems He is not talking about letting big business off the hook at all so what did you just watch? He is actually saying the exact opposite of that, let them fail.
Absolutely!!!!
This guy just gave us 2 hours of free lesson on market and economy. Thanks Mr. Schiff! :)
he still does everyday on his youtube channel
This is one of the greatest videos I’ve ever seen. I give Peter massive respect for staying so patient and calm. I think this really goes to show one of the fundamental issues we are facing is education of the masses. I feel bad for a lot of these people because they are very misinformed on many topics
I agree, this video showed that a lot of people do not want to change their mind and believe they should have everything provided for them. Thats probably why these people have so much time to protest, they've been unemployed forever and expect hand outs from the government. Especially the v for vendetta mask guy. He had the most ridiculous arguments of anyone. And in some sort of stockhold syndrome was praising the government for ending slavery lol, the people that originally sanctioned it, and talking bad about the corporations that would be able to provide Healthcare and good wages to a loyal and hard working employee. I don't think he has a job.
Peter walks the talk… I disagree with him on bitcoin but his overall philosophy is sound and highly respectable.
Peter is full of s***. I have even challenged him to a bet and I'll go anywhere 25 50000 with everyone's he never paid 55% in taxes on a business that he owned it's not done like that you have to be a f****** idiot to own a business and to put yourself down for earned income he didn't do it. May I suggest you get it was he took dividence what's your taxes 15% Sony her shift from the guy. And if he doesn't like what I say he can come and make a bet with me and I'll prove to him and I'll take his money
@@robt3407 As bitcoin goes to 20k from 60k lol
I'm not that smart either, but I gotta say - everyone knows this from intuition - there is a part of human demographic that are just not intelligent nor wise enough even for a minimal standard of living in a capitalistic society. Maybe the sentence could be written better but you know what i mean.
I became a freer man the day I stopped feeling sorry for myself.
Amen, when people realize this is the time tey can move forward. Unfortuneyl, the parties pit everyone against one another for votes.
Same. When I was 20 I was in a mess. I thought the world owed me everything and I even ended up in prison at 22.
I'm 27 now and bought my second house in cash last year after getting a proper job. These idiots really need to start thinking for themselves.
No doubt! Me I'm brotha
Same.
mrdojob amazing turn around sir, you should write a story or talk to ppl that are in your position you were before.
They don't realize that he's on their side lol
Hahhahah
True
They never will understand that.
Some of them do
Yeh but he’s a prick, he drives around in his posh cars and they struggle to pay rent, plus he’s probably old money 💵
Massive respect to Peter for doing a wonderfu job of trying to educate the emotional.
Yes, Peter is a good guy he has earned my respect
A person armed with the truth and pure resolve can defeat an entire army by himself.
Case in point, this man here.
except he didn't, and deregulation is actively frying our planet and population through climate change. Last july was the hottest month in all of human history.
But sure, he owned the libs right?
The patience of this man is absolutely insane.
Kevin Mulloy underrated comment that black guy talk about slavery doesn't let him finish a sentence always cutting him off.....
I'm black by the way don't pull that racist card shit on me I'm not talking about u but the others that's might
Kevin Mulloy omg and the old guy with the blue sweating is annoying "your fired" 39:09
Big Boss bro it’s incredible how people act today. People literally can’t see that he’s agreeing with them and on their side, he just wants them to direct their attention to the head of the problems! They just hate on him because either
A: he’s rich
B: he’s white
Or C: all of the above and immediately ostracized no matter what his thought process is lmao
Kevin Mulloy I agree ....most of the arguments in this video or actually enjoyable except for those annoying people either way still good
Patience? He interrupted everyone’s points and didn’t even try to act like he understood. These didn’t look like debates or talk throughs lmao. Everyone was just spitting their opinions with no explanations. At least for the 8 minutes I watched
Most people do not listen with the intent to understand; they listen with the intent to reply.
I agree.
21:11
Dang that’s hott
True. But then I wonder if we agree on who was most guilty of that in this scenario.
yep instead of listening to the businessman who knows more about economics than everyone there combined they interrupt with cheap punch lines, but well they are blinded by their hate. We are all humans after all.
@@papipalinka3991 Why is it you imagine he knows more? Because he is rich or because he is educated? Both are conventional elitism by the way and neither is valid.
Respect to Peter for doing this. I don't think somebody can do what he did in today's age.
Pretty interesting hearing all these peoples' frustrations, but it never ceases to amaze me how people can have such strong opinions without having any realistic understanding of their own cause
I remember watching this when it first came out. The problem we have here is a bunch of people who are uneducated on our financial system. An individual could spend a solid 5-7 hours watching educational videos on our monetary system and economics, and learn 10 times more then a college graduate has ever learned in their entire 16 years of school. These people don't realize they are massively undereducated or miseducated when it comes to our financial system. Hopefully he encouraged people to educate themselves.
The point is, that Peter is very aware of this....and yet he does get in the :arguement" with them, pretending to not understand what the problem with the financial/ political system is.
@ProsoxiSxoleio. He's trying to explain it to them
Lmao literally not even 5 hours to get a firm understanding that most “financial experts” only understand money as far as they can make it
Cringe, a lot of these people arn't even listening to him.. they're in their head getting ready for their next question as he's answering them.
The nature of humans
So true. I agree totally. Great comment.
In New York you have a lot of sick people, it's a hole of despair.
Exactly especially the black dude that came in at 30:00, i lost count how many times he cried "let me finish"... and to top it off he had the audacity to call the succesful businessman a FOOL/IDIOT? XD
Hopefully they rewatch this video to understand how much value there was in what this man was saying.
The unemployed man is calling the multimillion dollar man a “fool”
I regularly argue with three democratic socialists and a communist in a discord server. The communist is probably a troll, but two of the three demsocs are unemployed (one gets welfare, one is living off a dwindling inheritance), and the third works online captioning videos. I work in construction making lower wages than the captioner. They have sources, citations, and some valid points...that sound good in theory, but have never worked historically, and miss the point of my arguments entirely.
Funny thing is, they're relativists and I'm an absolutist, but they speak in the most absolute terms and I speak in the most relative terms.
@@dominusalicorn3684
Just ask them:
Under which form of governments, did the three greatest tragedies of mankind occur? (greatest mass slaughter)
Hitler is 3rd on the list. The number one mass murderer in History killed over 100 MILLION people and not many people even know about it.
@@Reach3DPrintersI've tried. They say that Stalin and Mao don't count because those were dictatorships, not socialists.
@@dominusalicorn3684
ahhhh, but a dictatorship can ONLY function under a socialist system.
The dictatorship is the means of of controlling the system. The system itself is the flaw that allows the dictator to exist.
@@dominusalicorn3684
Its not as though the IDEA of socialism is bad. Socialist ideals are wonderful... but the execution of a socialist system ALWAYS leads to problems.
The first issue is human nature. People are inherently lazy. If we all were given everything we wanted, and given the choice to get up at 6am and work at MacDonalds... no one would. But someone has to... So immediately you get slackers... then there is jealousy. Then no one works.. and with no production, the products disappear. No more bread, no more food, no one disposing of trash... etc...
This exact video completely turned my perspective around and changed my life.
when your a protester feeling all smug walking in to tear the 1% a new one, and suddenly realize you agree with EVERYTHING he say's...lmfao
When you level 200 and hang around the level 1 area where all the noobs are killing mushrooms and snails.
EM P I can tell you’ve played MapleStory 😂😂😂 me too
Spiritual Hunger so happy somebody else said it and I wasn’t the only nerd who thought the same thing hahaha
And feral dogs
@@pllthetrgrrr2825 Doo, doo-doo doo doo, doo doo-doo doo. Doo-doo doo-doo doo-doo, doo.
When youre level 200 and youre trying to explain the best route to beat the game and all you get are angry level 1s
The original 'change my mind'
Way better too
Trend setter
Isn't "change my mind" the original? Pretty sure this came out after...
This was made in 2011
Way better cause he’s respectful and is open to ideas and let’s other people speak.
I think these people don’t realize that Peter is on their side and trying to educate them with truth of what’s happening. Smart man
I would love a "where are they now" for everyone in this video.
This protest is just a real life RUclips comments section...
Thats sadly accurate lol
Why is this so true.
so true and twitter
Looks like a crowd full of people who have no idea who they are mad at, so they blame successful people and companies on Wall Street. To all those angry, uneducated idiots...go buy your Big Gulp and your pack of cigarettes and go to whine to someone who cares....maybe a support animal ?
E Stolee yupp the people who have positive comments don't usually flood the comments, the negative comments are everywhere
Imagine selling "F*** the 1%" printed t-shirts to this crowd and becoming the 1%
For 50 $ a piece 😁
@@DMC428 don't have to they have these every day (almost) and I heard one guy saying 150k people are attending. if I spent $10 making them could sell it for $11 and become next Warren Buffet
Not a bad idea yano and then use the money to spread the wealth back to those who supported you and then show how e can make capatilism work the way it should without selfishness and stingyness
@@chrismaunder8679 yeah I mean after I get to a certain point I guess I could start donating to those groups' charities right?
@@seniraranasinghe645 no just do your own charitable things buy a wheelchair and donate it to a hospital by food and give to those in need build a place of worship there is many things you can do locally within your community
This should be shown in school to kids every every year at least 4 times
Absolutely, this should be shown at university as well
Clowns
It would probably give us another 300 years
No, they shouldn't deceive kids like that. This is nothing but hate speech against the government without giving a full picture of why the government had to put in regulations and minimum wage..... and he lies about taxes being higher now than in the 50s....
That won't happen. The gov wants people poor, stupid, and dependent on gov assistance. They have more control and power that way.
This video is classic, and should be played in classrooms across America
Imagine doing this today. You would be attacked within minutes.
Exactly what I was thinking
Exactly what Peter Schiff is thinking as well see at 33:42 in the video below:
ruclips.net/video/OK2zgeJLVwU/видео.html
@@AndrewSmith-pn2qc man i was about to comment that
Good
Good.
This guys has patience thicker than earths crust.
That’s why he’s a %1er
He doesn't. He thinks to be smarter than everyone and speak like a messiah sent to teach the truth. He doesn't listen.
@@Theactualstoic LET HIM BARK
@@Theactualstoic I don't hate american, it is a beautiful country and I have many American friends. This country does very bad about social security however.
He really has some psychological endurance
Watching this in 2021 makes me wish people listened to this man
Truth
People did listen. At least the people in power did.
28:13 - "The regulation we want IS the market. That's the regulation that works. When governments try to regulate, it screws it all up."
For the past 3 presidents, we've been giving corporations all the power. Now the divide between the rich and poor is even bigger, a few monopolies control everything from food to tech to media. Sure is turning out great /s
Right here with you
I watched this and felt bad for everyone who fell into the trap this man laid.......
I want off the ride now please
Oh my, listening to this is mind blowing. This must be my fifth time listening. I’m always impressed with how calm Peter is and how well he can explain basic economic ideas
many of these people are so emotional and upset over basic economic principles that they seem to not understand
“It's hard to win an argument with a smart person, but it's damn near impossible to win an argument with a stupid person.” - Bill Murray cinespia .
And geniuses dont argue
@@MoLassessss He was not arguing. He was just trying to explain the real issue.
@@MoLassessss yeah geniuses like tesla who gets al of their achievements stolen, they don't argue or debate
@@Donald_Putin48 It’s easy to spot the genius in the comment section
Schiff is doing this for the audience watching the video, not the stoners in the video.
These people aren't listening, they're just waiting till they can talk again.
ArtbyLuke so is Schiffer though. He isn’t there to change a single thing about his views
@@User-wt9jk we got a libtard here!!! why can't the socialist retards change their views? typical hypocrisy.
RealitySpill the opinions by the protestors were all retarded and misguided views. Schiff shouldn’t change his view because of these ppl no one made a compelling argument. None of them understand anything
@@User-wt9jk To he honest, Schiff gave points that are, if not already factual, actually considerable. However, most of the other folks in this video, the majority, kept giving crap, and what's worst is, they try to use big words (not really big but you get me) but when schiff dumbs it down to them, and they get to see it with clarity, they become clueless, and get all hissy because they're trying to save their "pride"
@@User-wt9jk what are you talking about, being confident about your beliefs and LISTENING to the other person are completely different things. Schiff would respond to literally everything that a person said, even if he was being interrupted in the middle of responding, he would change his answer to address the latest thing which was interjected.
This is basically a PhD level lectures in economics for free
Peter is a legend, so kind of him to try to teach those ignorant, half drugged out crowd of people about capitalism. Hopefully someone learned something from him
I wish he listened more instead of always trying to steamroll conversations. He employed a typical disruption technique of constantly interrupting as they're talking to disrupt their train of thought and try to direct the conversation where he wanted it to go. It's a common practice by people who want others to think they're smarter than they actually are.
Except.... he's not teaching them, he's deceiving them. It's because of Capitalism and businesses not doing the right thing that forced the governments hand in creating regulations. It came full circle, but he only wants people to focus on the government. Why? Because all he truly cares about is making more money himself. He cares about HIS profits. If he actually cared about the people, he'd pay employees more and take less money himself. If he can make millions himself, then there's no reason he can't pay employees more, which in turn gives them more money to spend on items, which helps the economy, which makes business owners more money, and it cycles around. But the rich of this era make excuses for why they make billions and their employees can barely make ends meet on minimum wage. It's a con job, and it's easy to fall for if you can't see through the deceit.
Lol I guess you missed the part on tax rates impeding business growth…. You must of also missed the part of productivity per unit of labor…. Of course he’s worried about making more money himself. He mentioned that. He employs many people (of whom you do not even know what they’re getting paid). Would you rather have a few people make more? Or pay many more people the wage rate per unit of time that competition allows in a capitalist society? There are plenty of reasons why he can’t pay employees more, he just listed them out in the video? Also, minimum wage does not equal livable wage… minimum wage is exactly what it says… the minimum in which an employer can pay. Typically these are low skilled jobs. You build skill and acquire knowledge that you learned by entering the labor force presumably at minimum wage then you take what you learned and you advance your career. Poverty is not stagnant. It does not consist of the same people. People move in and out of wage brackets all the time. I’m making a hell lot more money now than I made when I was 21… do you see what I’m saying? I don’t want to be rude, but you’re really clueless on economics of a capitalist society.
@@inthemaking9714 Claiming tax rates impede business growth is a bullshit argument and not actually reality. They claim it's true, but it really isn't. If the business itself and the people at the top are making millions/billions, then it's just not reality. The 50s that he loves to talk about as the golden era of Capitalism had MUCH higher tax brackets than today, and that didn't impede any growth. The minimum wage back then was higher than todays minimum wage when you adjust for inflation as well. Minimum wage back when it was introduced WAS a liveable wage. It's only in recent times that it became so low compared to the costs of living that it was no longer a liveable wage. I believe it was around the 80s where minimum wage adjusted for inflation to today was around $14. So.... what happened? It wasn't taxes, because taxes dropped. It can't be regulations because businesses continued to make more and more profit. So, what was it? The simple answer, it was greed. Companies realised they could cheat the system under Capitalism and they could massively increase the costs of their services, without increasing wages, to maximize their profits. They realised they could monopolise their areas of business at the expense of everyone to increase the wealth of those at the top. Regulations keep being added because businesses are NOT doing right by their workers. Businesses have FORCED the governments hand in adding regulations. Back in the day, they didn't need so many regulations because businesses weren't taking advantage of everyone else for their own profit AS BADLY as they are today. It's BECAUSE of Capitalism that life is so expensive compared to wages in this era. Capitalism unchecked leads to greater and greater wealth gaps and more and more people in poverty.
Oh, and by the way, there are most definitely areas where the same people stay in poverty and can't get out of it. There are whole communities that have to live like that. There are many reasons as to why it's happened but that was a foolish comment. Sure, there are some that move in and out of poverty, but there are still a lot that stay in poverty and no amount of trying to move up the ladder works for them. Just because YOUR situation isn't like that, doesn't mean it's not like that for others. That is a concept that both you and Peter fail to comprehend.
@johnnysoccer1983. It's very obvious you don't understand basic economics. AND you're spouting typical uninformed socialist propaganda about the "greedy" businessmen. Making an emotional appeal to get other misinformed people to agree with you. YOU are the one who can't see through the deceit of years of basic, basic economic misunderstandings.
This guy's patience is out of this world.
@@iqris8383 your father sounds like a wise man!
Man allot of these people were just wasting time on a garbage personal spew
eSPECIALLY SEEING HIS SUCESS IN LIFE!!
Yes! I know right!? Peter actually cares enough to do it.; He's the GOAT
Money buys patience and happiness and sex and drugs ;P
I remember watching this over a decade ago and I remembered it recently. Peter is essentially talking about the same problems we have today.
I love Peter, his unbelievably patient with these people. Props to him.
This is the greatest display of patience I have ever seen in my life.
For real.
And that’s why he’s successful and they aren’t
It's rare these days. Leftist go insane when people don't agree with them
Most of these people come off having some mental problem
@@duvaughnkelly6947 kinda disturbing ,how does someone explain something so clear ,and like you said they just keep coming up with crazy what ifs.
”It’s hard to win an argument against an intellectual, but it’s impossible to win against an idiot”
prodbysonder - Mark Twain
Give credit
@Im MTS Yeah that’s why I quoted it at least. Just couldn’t remember who it was from.
@Christopher Campos That comment was not it chief.
Christopher Campos nice roast home slice.
I find it interesting how people like you just reuse quotes in order to demonstrate your intelligence, while what it really does is showing the quite opposite. I wonder if people like you have thoughts of your own.
Peter: if the cost of gas and food triples..
Him: it's not gonna triple..
Fast forward.. 2023
It went up a few %
@@nocucksinkekistan7321 Exactly!
We need alot more Peters to educate people. He did a great job.
do we really? :)
He's so transparent and generous... They have no idea...
Literally frustrating seeing the density of some of these people lol
He calls poor people greedy....for asking enough to afford clothes and food
@@mack4098 oh, does he? I didn't hear that. It's good to afford yourself clean clothes and healthy food, that's for sure. Anyway, maybe the so-called "poor people" are greedy and that's why they deny themselves. I notice there are different levels and realities of poverty or abundance that individuals access in life, and it's not always as it seems.
@@mack4098 you're a special kind of stupid lol
@@mack4098 Typical Leftist,all talk and name calling no facts or doing
The balls on this guy. "I'm paring more tax than everyone around me, I'm picking up your slack." when surrounded by a mob.
Tax is irrelevant. Commissions is the answer. They re termites who eat through businesses. Schiff wealth is hilarious to me. I could buy and sell him many times. That being said he’s a criminal and he hasn’t been prosecuted
@@johnrobinson1762 almighty john robinson of youtube, he who can purchase peter schiff and sell him many times by way of slave trade
@@vanguardofflame9734 lmfao I was thinking the same thing
@SCOOPTEAM ENTERTAINMENT you can't fix stupid
yeah lets kick his ass cause we dont agree and hurt our feelings!! xD
I'm in this video, start coming in at around 44:20 - I remember back then I asked the crowd in front of Schiff "Who here is pro-capitalism" and felt confident many people would raise their hands. I was glad they did. A decade later and I'm dismayed to see the tides turning. I wouldn't be so confident asking that crowd the same question now.
I was about 22 when this all went down and trying to figure out what was real and fake from my government education. Could tell you were wrestling with the same thing. Our generation is the only one that can raise our kids and educate the current crop of college kids. It's up to us to speak up
Generations hundreds of years to come will watch this masterpiece
Republicans are criminals
Plot twist: the man holding the sign is the actual 1%
lol. Also, he hired the other guy to talk on his behalf.
Hi, you have lots of likes, and few comments so Imma hang from it ykwim? I want to put a point that could totally be wrong but so what at least I’ll learn. The university of Virginia is 50,000 out of state tuition!! Lets just look at in state to be fair $17,000, in Mexico the top public university charges about $1,000 dollars a year, people in Virginia make way more money, but not 17 times more, much less 50 times on all other states!! And thats the top school, some public schools charge $300 dollars and $500 dollars a year, yes they make less but not that much less, a country like mines, Mexico should not offer such cheaper education and opportunities than this great country, its still worse in sooo many corruption issues than the US Ik Im not saying Mexico is superior. Im saying America is just never gonna be truly great with tuition rates that high, they need to be wayyyyy lower, the man is right it should be considered a national embarrassment that students have to pay so much more education in the country of opportunity.
Nice🤤
Rotfl! What a twist!
@@RobertoVelazquez-nb6qg I work in a lab with $500,000 worth of equipment and precision tools. Colledge is a business. I see no problem paying $1,000+ per class with the access I am allowed.
"I could actually be part of the 1% of the 1%"
💸💸💸
Damn, I felt that flex through my phone screen...
To be fair, I believe making about 456k a year is being in the 1%. Someone with a really good job could qualify as the 1%
@@diamondstrings5212 i don't think so... if you don't mind your own business you won't ever be rich, ( this is a reference from poor dad rich dad ) having a high paying job doesn't mean anything if you don't have financial literary
@@diamondstrings5212 That is the 1% of income, networth is what gets you into the 1% so you have to invest to really be in there
@@captainrooster9214 Anyone can invest.
@@anthonyy_vivid5438 Statistically, you are false
Literally a parent trying to explain the world to his children who haven’t been further than the yard.
According to Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto, "there's more and more of a worry that incoming data is suggesting that the Fed might be a little bit behind the curve than maybe they expected moving into this year." I'm noticing more red than green in my portfolio. How are other participants in this market making over $350,000 in gains in just a few months?
I'll suggest you find a mentor or someone with experience to guide you especially in this recession.
@@zoeytank2921 You will need a strong FA to help you through the current market turmoil. I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@graceocean8323 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@hannahdonald9071 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
Balls. Say what you will, but going into crowd of protesters with that sign takes a pair.
He would get attacked and possibly killed if he did this today
@@diorblunt Absolutely. He’d be called a racist and strung up and hung. CNN and MSNBC would praise the murderers and call them saviors of the people.
@@diorblunt why? why are you scared? they want you to be afraid of telling the truth. don't let it happen.
@@LegalAutomation why? what are you scared of? don't be afraid of telling the truth.
It probably just takes a security detail.
He's trying to teach and educate and they're trying to win an argument.
I honestly blame the education system. This is what happens when people do not understand economics or finance and how it ties in with economics.
@@mikeyc2963 I agree 100%
but he shuts down the people who wanted to have a conversation and were actually being respectful. like the black guy in the red hood. its like its peter trying to win the argument which he certainly was winning if you look at it in terms of who was right.
@Moses sad part is even a private is the same way. I'd rather teach my kids real world skills.
Can’t speak wisdom to the fool, that would be like stopping the ocean with your hand. Schaffer’s is a very intelligent person and has some insight on the mechanics of wealth but unfortunately his audience is not receptive.
This is like watching a blind person and a deaf person describe a movie to one another.
That’s a great comment haha
😂🤣🤣
This is literally smurfing in Silver
comment of the day
wait..but facts
Best comment award
LULW
Bro this comment killed me
There's no way this guy could do this today, way too dangerous. Scary to see how far we devolved even from this.
This is exactly why we've devolved. OWS was legitimately threatening to those in power. So they had to nip it in the bud by injecting identity politics into the movement. Now the same financial institutions we used to protest fund groups like BLM and Antifa. Main street gets destroyed, Wall Street business as usual.
Isn't that crazy? This video was less than a decade ago and if someone in the 1% tried to do this today, they might very well be beaten up and ridiculed. (Obviously it would depend where in the US they chose to try this)
@@paulc7138 This was filmed in 2011.
Ikr
@@haikat4 The message still stands.
Peter, I came across this video couple of years ago. Still one of my favourite videos. So glad this was how I was introduced to you.
👆👆...
Haha inbox me right away 👍...
Agreed I watch this when I’m bored
I think its ironic how he's at wall street talking to walls.
quality comment
@The Horrible so you’re saying it’s irony in the sense that he’s trying to offer valuable information as though people are ready and willing to converse yet Wall Street of all places contains the busiest and least inclined to listen?
Very guud communt, sur 😘
Fuck it lets just learn the hard way
Ow lol
So basically an educated man talks to a bunch of people that have no idea what they’re talking about and speaking with their emotions not logic.
exactly. ashame that people protest an issue that they know absolutely nothing about, and this happens more frequently in our society as the years pass.
Pretty much
People are ignorant and it's irritating
?
@@dylanm8145 I'm agreeing with you with the statement that I made.
I’ve watched this a few times and like a great classic film, never gets boring.
“None so blind as those that don’t want to see none so deaf as those that don’t want to listen” said someone somewhere sometime.
Man, I feel so sorry for the average person working their ass off to make money and stay alive. They don't know how much the Government screwed them over every single day. Taxes in America are the most progressive of any country in the World, Americans actually pay way more in Taxes than most European Countries when you include the taxes your Employer has to pay just for hiring and paying you.
This country has gone nuts.
Don't forget the double tax! They tax your income then you pay more taxes when you purchase anything after that, gotta love Uncle Sam /s
So true.
Bah not true at all. France has one of the highest tax rates in the world. Same with Canada. I wish I paid that tax you pay.
If I had a nickel for every time someone asked him a question then started talking over him while he answered I'd be in the %1
yeah they act like theyre preaching and then they realize they aint know what hes talking about and pretend to lol
right on the point
@@Will-nt7ju then they cut him off or misunderstand his argument when he proves them wrong
Thats a shit ton of nickels and talking over, yeesh 😬
He doesn't know what memes are because he was too busy making $70 million
cuz memes don´t bring you anywhere and don´t make you rich.. go watch and laugh about some memes, and stay poor on the internet
@@FilmSelect lol
@@FilmSelect tell that to pewdiepie lol
@@jaxramse5682 pewdiepie is only worth 20 million.
@@FilmSelect Yes, go do that, less competition against me.
That kid was sooo ready to use that "I am not a ramp" line lol
😂😂😂
So much human potential wasted in this crowd. Such a shame.
human potential wasted is wasted every day at least 60% of people suffer from it and dont Improve in live people should improve slowly their whole live but hate and negative thoughts make this difficult and even stop progress help people out by listening and talk what you thing and be more positive than negative
School is a problem for the most part because people dont want to learn after school themselves because aging school made them do it 6 or more hours per day since childhood with many things people aren't interested in
Herd of average Democrat voters
Average IQ of 75 at best!
When you're a level 46 and take on a bunch of level 1 NPCs
Loool
😂😂😂😂😂
His premise is so stupid. Wall street does bad and goverment helps. therefore get rid of govt so that wall street can do bad even more easily.
omg haha you're the MVP
@@edz8659 You sound like the people spouting off in the video without listening to his words. He repeats again and again that he's not for "getting rid of government," but rather downsizing them, taking away their power to GIVE power to the fat cats, and having them refocus on what their SOLE PURPOSE is to begin with, which is protecting the people and the country, period.
Of course the government helps some people and businesses on Wall Street! He says so himself -- did you not listen? However, wasting time and energy on occupying Wall Street is the exact same thing as treating the symptoms of cancer rather than the cause, which is Washington, DC. If anyone looks to government to lead them and provide for them, then they deserve the slavery that inevitably awaits. I'll not be a part of that, myself.
I like this 1% guy. He makes sense. You get rich by adding value. All these people are the "gimme" type and only take not add.
@@earlaweese we don't. but by the way they talk, and how their mentality shows, we can deduce what type of people they are
And watch the government give them what they asking for because the government knows it's not the solution. And poor people never think about how they keep asking rich people who worked for their lifestyle to support them because they refuse to lesson.🤦🏾
But, CEOs don't add 300x the value of their average employee, yet they make 300x the wage of their average employee. Think about what really makes sense; the people controlling the wages are greedy and overpaying themselves. Starting a business shouldn't mean that you're so much better off than the people that allow your business to function, the labor, that you obtain so much more than them. There are literally people working their asses off that can barely take care of their families while their boss has so much expendable income they can buy literal islands. That's a huge disparity that you may be able to rationalize, but not justify.
@@Sup3rB4dVideos I think that's an interesting way to look at it but let's take someone like Bezos for example. Seems fair that he's got the wealth he has, no? He created a business which grew enough to give employees a place to offer value to the business. A business that revolutionized how consumers shop. I'm just starting with him as an example. How would you use his example to support your point?
Thomas Kidd spoiled fuck it’s the business owners money he can do whatever he wants with it sick of you commies trying to steal everyone’s money by force because there to lazy to flip a burger
'I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money.'-Thomas Sowell.
This video was epic. Takes balls to get out and speak your mind.
I give respect for this man. He's talking to kids.
@Tobirama Senju capitalism is not wrong. My dude. Making 60-70 a year isn't bad. Hell I was working 10-14 hours a day at done jobs. But when I saw my paycheck (keep in mind while in college) I was happy. It's nice to see my hard work pay off. It allowed me to invest, buy a car, pay for school. Do the Things I wanted to do. So tell me, what's wrong with that? I'm not saying everyone will have my situation, but most people don't want to work. You think that people who work 40-60 hours a week are poor? No. The people who bitch about this are the ones that are uneducated. Just a simple fact. I love capitalism, it's not perfect, but you now what? At least whatever I give, I get my share back. Something that will never happen in socialism.
Tobirama Senju that’s their fault for working that hard and not investing and trying to get ahead. America is the only country you can be born in any position and make it to the top. You’re just making excuses.
Tobirama Senju you should work overtime and work as hard as you can until you have passive income from your investments but most people lack money management and skills like that which is good because we don’t want everyone being rich.
@Tobirama Senju what...??
@Tobirama Senju capitalism hasn't properly been around for decades so what are you on about??? Try watching the whole video and Peter can explain it to you
Its amazing when the intelectual gap is so big that it made communication seems impossible.
Dhanin Witedja Unfortuately, intellectual and logically-thinking humans will always be the minority in any society.
Luke Daly nobody said anything about race... what are you on about?
@@ithinkitsmeek a wild occupier appeared!
@Luke Daly humans don't exist change my mind
Lets wait a month and we gonna see how everything collapses. The intellectual finance guy is gonna sit there and say sorry I didn’t see that coming, now I need tax money from the not educated people to go on with my good capitalism so everybody has a jaaaab.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
Pls who is this coach that guides you? I’m in dire need of one
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
This is what Jesus felt like
Lmao no. The ignorant jews followed the conman named Yeshua
@@toohdvaetihom7088 Speak like you have some sense
Hes trying to teach rocket science to a rock
Too right. Most of these creeps look like they have trouble thinking and breathing at the same time.
Wait the rock is in the video.
@@ricchburglar if you look close enough
This guy has HUGE balls. Does he even have body guards nvm not like that would help haha.
He owns a lot of security company's so probably
@@xcubecolt5705 i think he owns like stock security not actual security companies
Libertarian lol
He doesn't need bodyguards, he can defend himself with those flails hanging between his legs
Many here are young. This was a different time. Before the craziness of Antifa. Before mass hysteria. Before the word "triggered". Guys, we were all desperate and wanted answers. Many were clueless. Occupy Wallstreet (with all its flaws) was the last protest that deserves any respect.
This man has the patience of a saint. These people are so uneducated but know everything.
Agreed
47:01 I hope this guy now realises that regulations that make it harder for smaller competitors to startup ARE the regulations that create an economy dominated a few big players
I don't think Peter realized how dumb people actually are.
He does but he doesn't want to say it into their faces.
I think he wanted to enlighten the uneducated.
How about it. I love being validated by these videos so I can come on RUclips comments and tell everyone how smart I am because I agree with Peter Schiff...
I give them props though for at least trying to have a conversation instead of the hostility you see from protesters today
Even if he explained it as if they were children they still wouldnt understand
people think that raising their voice makes their point more valid.
SJWs in a nutshell...
@crisb8713 If the so called "real debate" is in the video, what's your complaint? LOL
crisb8713 well some of them are
so does peter himself to be honest
LIKE SPEAKING LOUDLY SO DEAF CAN HEAR OR EVEN BETTER BECAUSE THE TWO SIDES ARE ON SUCH DIFFERENT WAVELENGTHS LIKE TALKING ENGLISH LOUDLY TO A FRENCH PERSON
Everyone is like “OMG you have money I’m so angry”
Imagine being able to keep every dollar you make
That would be nice for you but then how would I pay my college without your taxes that pay for my college?
@abolisher. I know you're joking, but for anyone that doesn't know the answer....the answer is you don't go to college. You get a crappy job, save money, learn skills, and get a better job. Then you save even more, and decide on a practical degree that will actually push you forward on life, and not just an excuse to party for 4 year. You pay for it with the money you saved working hard, and with the new money you will make with the even better job you get with you're degree. It's called responsibility.
This guy has some backbone going down there to a group shouting their hatred for him.
Respect given.
People are so uneducated in economics and politics it’s kind of crazy.
@@earlaweese What in the actual fuck are you trying to say
Thats what government school is for, along with the cult-ure which causes severe retardation as seen with these people unable to grasp simple concepts when pointed out perfectly. The only way the ruling class can rule over the masses is to keep the masses in confusing and obfuscate the truth.
Sounds crazy for you, for the government it's gold mine, keep people dumb so they cant speak up
Right?! It’s scary. Maybe I’m bias, but most of what he is saying is just common sense. He is incredibly smart and knows what he’s talking about, but people need to LISTEN. The government is so damn corrupt, the dems really know how to dumb down society and pander to them. I’ve taken business, economics and accounting classes, and my family owns 2 small businesses. It is so, so much more than people realize. The amount a small business gets taxed is HORRIBLE.
We DESPERATELY need to shrink the government.
@@Taylor_mamaof2 that sucks :(
I think I have new level of respect for you Mr. Schiff.That was very brave to put yourself in this position. I have watched the entire video for the first time. I have a full time job and I was running a small business before C-19 shut me down and I never recovered. I must say I do agree with your most of your points. When I was in full swing, I always had to pay the sub retails and the labor and I got what was left over. I wasn't making very much net profit but I only had my business a couple of years. I was building momentum. I think the biggest problem would letting owners of all businesses who are greedy and don't have integrity take advance of the work force if we didn't have some kind of regulations in place. I, 100% agree to keep the GOVT out of things.
Teaching drug addicts about the federal reserve. God bless him.
😂😂🤣🤣
The most patient man on earth.
Like a monk.
Yes agree! What a complete crowd of morons, sadly.
I would have flipped out talking to these guys
Much Equinox lmao if peter were to communicate with these fools now, they would have killed him.
He knows there are cameras that’s why
His audience is 5mm not 50
It would be easy to be in his shoes honestly
Peter: “We’re all greedy”
“No”
“Don’t you want things for yourself”
“Yes that’s the problem”
Then he says "we all want more money" lol protestors are braindead
That’s not what greed is 🤦🏾♂️
@Damian Luna greed is not to want things for yourself actually, it is when you want ALL for yourself regardless of anyone else
I think we all shouldn’t be tho. It’s inherently human to be selfish but I hope at some point we can be altruistic
@@Bob-qy5oc how are we inherently greedy when capitalism have only existed for about 300 years while humans have lived in hunter-gatherer societies where there was a common ownership of food and resources from about 200,000 years to 10,000 years ago?
The illustration of "it's not easy to stand alone against the ridicule of others".
These people have never understood how the economy works
"The best argument against democracy is a five minute conversation with the average voter." Winston Churchill
Priceless quote. Thank you
Winston was a fat spoiled drunk who listened to Rothschild.
@@BluePlanet1337 Study history! The execution of Socrates, Jesus, and the raise of Hitler are all by democracy. Founding fathers made the US a republic not a democracy.
@@BluePlanet1337 "Indeed it has been said that democracy is the worst form of Government known to man... except for all those other forms that have been tried from time to time." -- another Churchill quote about the same topic.
😂😂
Peter schiff is the living proof how much father figure is so important. He's the alpha.
All the best.
The Hassler Don’t know the man but I don’t like him because it starts with banks wall st and the government
Just lol, you're delusional.
“What I learned is to never argue with a fool” - a fool
Lmaooo exactly a fool calling a man leauges more successful than him cant be calling this man a fool especially when be was very disrespectful
@@metalreignz6557 my eyes couldn’t believe what I was seeing on the screen 😂
@@goodmorningfiatnam i wager my check he got a tent n smokin glass hahaha
@@metalreignz6557 I don’t wanna take the other side of that bet cause I’m afraid of the answer sir 😂
@@goodmorningfiatnam lmaooo given how dumb he sounded its a safe bet
The confidence of these people who are either uninformed or misinformed is disconcerting but not surprising.
Regardless of whether or not you agree with the guy, you gotta admit it takes balls and character to be willing to go into a crowd of people who 100% disagree with you and debate them in free forum
Not really -- the dude's out there for a few hours. I'm not begrudging the dude for doing well at the game, which is what it is -- and only what it is. You're listening to a man who happens to have an aptitude to procure capital. Same as people who happen to get good at Chess or get get at baseball. He's not an oracle he's confused as everybody else and he's trying to reconcile the fact he has 10,000 times as much money as everybody else.
@@Levipaulsen He has more money because he doesn't play victim, lmao the greed you display is hilarious. "Mean man has more toys than me, he should give me some" thats you, dumbass
But he thinks they don't actually disagree with him, they just don't really understand how things work and he hopes to open their mind not change it
@@kelvinb16 what don’t they understand?
@@organicportalphobic9601 watch thr video
When a rich man spits facts the the poor people and trys to help them yet they ignore him and still get mad about the fact they poor 😂
These people are so stupid. They are getting hostile and violent for no reason they are venting at this man , calling him names and learning nothing !!!!!!
True words
That Drunk Guy ill take “nobody gives a fuck but your irrelevant self” for 300
And more than not listening, these moroons are telling Peter that he's wrong!!
What facts, exactly? This moron has no clue what life is like when you live paycheck to paycheck with zero chance at saving money. Everything he says is deflection to the government (which the 1% already has in its pockets) or relies on having established savings and higher wages. Everyone in this video is an ignorant moron, including the interviewer.
There is a reason why these people are where they are, and this video shows it.
BO$$ . This guy took them all on. Its stunning to see how people are uneducated on how markets and business then.
Protestor: "This is our problem..."
Peter: "I agree"
Protestor: "You're wrong"
😂
Exactly!
LMAO
I swear, I have seen this in the South Park.
❤️❤️❤️
He's so patient. Keeps his cool the entire time despite being yelled at by a mob. Big balls on this guy.. he didn't have to do this.
lol sure
Is so funny to find out that that crowd doesn't know exactly what are they fighting for 😂
Yes, that's the herd mentality. They just follow the leader, no matter what, either to go to a demonstration, to a war, to a voting booth, or anything else.