Sunday, April 7, 2013

Michael Moore talks with Peter Schiff about Guns in Ameica

Michael Moore shares his thoughts with Peter Shiff and express his belief that Americans Wouldn't Need Guns if We Had More Welfare.

"Looks like I read the gun survey wrong. In my defense, the first time I looked at it was live on the show as I read it. It turns out that 44% of whites own guns while only 27% of blacks do. A correct reading of the data reveals that while Whites represent 78% of the population, they represent 85% of gun owners"says Peter Schiff.

"Since white gun owners may possess more guns than non-white owners, Moore's 90% statistic may be accurate. However, as whites as a group are more affluent than blacks, there are many other items they are more likely to possess. Also, whites are far more likely to be hunters than blacks, so are more likely to own guns for that purpose. In addition, gun ownership is more heavily concentrated in rural areas. As a disproportionate number of blacks live in cities, their percentage of gun ownership is naturally lower", he added.

Friday, April 5, 2013

Cyprus Is Small, But The Problem Is Enormous, believes Peter Schiff

Peter Schiff interview on Fox Business, where Mr. Schiff shares his believe that Cyprus Is Small, But The Problem Is Enormous.

Thursday, April 4, 2013

Tuesday, April 2, 2013

Monday, April 1, 2013

Lou Dobbs versus Peter Schiff

Following an interview on Fox Business during which Peter Schiff discussed the situation in Cyprus and the potential broader implications of the crisis, Lou Dobbs, apparently now more optimistic about the U.S. economy, was very dismissive of Peter Schiff's comments. But instead of just countering Peter Schiff's arguments, he also impugned Peter Schiff's character.

He effectively accused Peter Schiff of being a charlatan, stating that Peter Schiff's real objective was to scare people into opening accounts at his offshore bank. As Peter Schiff is often the bearer of bad economic news, he understand the tendency to shoot the messenger. Of course, Mr. Dobbs had no way of knowing that Peter Schiff's offshore bank does not accept accounts from U.S. citizens or residents (Fox Business does not have an international audience yet) and therefore for this particular interview the only purpose for Peter Schiff bringing up his bank was to illustrate how the crisis was affecting the offshore banking industry; from the unique perspective of the owner of such an institution.