Schiff the Brave

          Peter Schiff is a brave man.  As the CEO of Euro Pacific Capital, he is also “a full-fledged and unapologetic member of ‘the 1 Percent.’”  In an earlier blogpost titled Schiff was Right I review how, in the months leading up to the financial crisis, pundits laughed when he predicted the housing bubble.  He is an outspoken proponent of capitalism and free markets and that leads up to why I call him brave.  Recently he walked in the lion’s den, the Occupy Wall Street camp in New York City, with a sign that read, “I Am the 1%, Let's Talk.”

          For the last several years, Schiff has denounced the bailouts and the concept of ‘too big to fail.’  He has stated repeatedly that if the federal government does not adopt sound money policies America will see hyperinflation in the near future.  Schiff has said that he is sympathetic to the plight of the Occupy protesters, but believes that real capitalism and free markets are the answer, not big government, and the Federal Reserve or crony capitalists who buy bailouts.  Watch the embedded video as he makes his case in an often hostile environment.               

          Peter Schiff is the author of Crash Proof 2.0 and How an Economy Grows and Why It Crashes  inspired by How an Economy Grows and Why It Doesn’t, published years ago by his father Irwin Schiff.