THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Thursday, October 27, 2011
Peter Schiff @ OccupyWallstreet : I am the 1% lets Talk
Peter Schiff courageously went down to confront the Occupy Wall street protesters who call themselves the 99 percent ,
Peter Schiff : Capitalism means private losses and private profits , it does not mean private profits and socialized losses , the problem is the banks are keeping interest rates artificially low to prop up the speculative activity on Wall Street what we actually need in this country is higher interest rates not lower interest rates because that will take out money from Wall Street and put it on main street says Peter Schiff , businessmen cannot borrow money at these low interest rates it is all going to the government to guarantee debt to the treasury market to the corporate bond market there is no real capital available foe main street Peter Schiff added....
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