Peter Schiff debates Marxist economist Richard Wolff

RT, Released on 9/25/20

As the cultural war consumes American politics during this election cycle, the economy remains in a precarious state. Millions of people live on the margins. The only constant for them is insecurity. Economists debate an eventual recovery. They speak of a U, V and a L. But is it in fact a “K-shaped” recovery? A permanent underclass? CrossTalking with Richard Wolff & Peter Schiff.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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Garbage of the left…Central Banking serves socialism and all socialism ends with oligarchs like we now have. Completely agree with Schiff.

On a separate note, how about the moderator tipping his hand about “the class that serves them”. So what oliogarch does he serve at RT – Putin? Dividing people into “classes” – pure Marxism.


If Professor Wolf had any confidence in his theories he would start a business and make billions using “employee governance of his company”; So brilliant (sarc). He reminds me of the academics and bureaucrats in the movie “Atlas Shrugged”. The whole socialist thing is nothing more than a power grab and virtue signaling from simpletons.