Name: Joe Rogan Experience #1145 - Peter Schiff
Uploaded: 2018-07-17T22:08:53.000Z
Description: Watch the stand-up comedy video 'Joe Rogan Experience #1145 - Peter Schiff' from PowerfulJRE on Comedy Buff. Published 2018-07-17. Transcript available.

Watch the stand-up comedy video 'Joe Rogan Experience #1145 - Peter Schiff' from PowerfulJRE on Comedy Buff. Published 2018-07-17. Transcript available.

Joe Rogan Experience #1145 - Peter Schiff

the countdown so you just two one hello peter schiff hello joe so you just what
we're gonna
we're gonna ask no you just did a whole other show before this one yeah i did
three hours no two hours
oh all right wasn't that hard oh okay this is the comedian those are the easy
ones oh all right they
just it's just basically talking to a friend okay well i'm a friend you are a
friend that's right
yeah i remember when i first saw you when you were doing that well is occupy
wall street a thing
anymore did they give up they stopped occupying yeah they did but you know we
just maybe you
saw that on my youtube channel i know we just reposted the occupy wall street
video i never
actually had it on my channel oh really but because it was originally done by
reason and this is about
five years ago or so five six years ago and so reason tv did it and so i let
them promote it on
their site i didn't copy it and they got millions and millions of views and
there are some other
sites that that that went with it it was ask a one percenter right wasn't that
what you called it
well i went down there with a sign that said i am the one percent let's talk
and i went into zuccotti
park and you know i the only reason i stopped that if you the the long the long
one the long version
is just under two hours which is on my youtube channel now but the only reason
we stopped is because
we ran out of you know uh batteries batteries in the camera the camera died but
i i could have kept
talking and we were losing the light you can see by the end you know it's
getting it's getting darker
just watching them get frustrated with you but not having the words nor the
knowledge to compete with
what you were saying was very entertaining like agree with you or disagree with
you it was just
hilarious watching someone so completely outmatched or a group of people so
completely outmatched
trying to debate economics with you and trying to understand the way business
works except they
didn't even realize they were they were outmatched they thought they were
smarter than me
but you know the the main reason i went there was not so much to try to
convince the people there
that they were wrong and that you know capitalism was you know the solution not
the source of
their problems and that they you know should be protesting washington the
federal reserve or
congress it was for the people that i knew that would watch it on the internet
and i still get
emails even now at least i don't think a week goes by where somebody from
somewhere in the world
doesn't send me an email about that and i know another uh website i forget the
name of it reposted
it about a year ago and they got a couple of million views on it just posting
it again so a lot of
people have watched it and i get you know comments from people saying this is
what changed me i was a
socialist very left-wing i watched this and that was the epiphany that was the
moment and then i did more
research and i learned more and now thanks to you i'm a total libertarian or a
free market capitalist and so
it's it served its purpose yeah well it was enlightening it's it was it was
good it's good to
see people that are so involved in something that they'll go and they'll
protest they'll hang out in
the park but they really can't articulate their feelings or their thoughts in a
well-reasoned debate
they really don't have the facts but yet they're dedicating their entire life
to protesting something
it's really interesting that people will spend so much energy and effort on
something they're really
not even educated yeah and it's a lot easier just to talk about something just
emotionally yes instead
of actually taking the time to learn about economics and to understand you know
the source of the
problems because anybody could just blame it on some rich person who's hoarding
money and
discriminating against them they love doing that and then just say oh the
solution see if you blame
the problems on some rich person well the solution is easy just take his money
right have the government
come in and and redistribute the wealth which is another word for steal take
money from somebody
who earned it and give it to somebody who didn't but if you actually take a
little bit of time
and use your head instead of your your your your heart your feelings uh you'll
learn that you know
that the the source of the problems is government interference in in in the
economy and that the protest should be directed at government
at their regulations and their subsidies and their taxes and all the things
that government does to
stifle economic growth and deny opportunities to people did i think it would be
a really funny documentary
if you could do like a documentary on the last occupier like the last person to
occupy wall street
because it had to be like stragglers right it eventually must have gotten to
the point where there
was like 30 people left 20 people left that one guy no fuck these people man
well you know they
started occupying different areas right because it caught on and it was all
over the world they were
occupying here and occupying there and they were setting up camps right they
were essentially living there yeah
yeah and um who knows what else they were doing there but um but now the occupy
more uh movement
kind of morphed into the bernie sanders movement right because that's where all
those guys are now they were
volunteering for the sanders campaign and and socialism is really kind of going
mainstream now because they
put the word democrat in front of it yeah as if somehow that changes the
meeting right i'm not a
socialist i'm a democratic socialist meaning i want to vote for socialism as
opposed to just have you know
an armed revolution but the end is still the same right it's still socialism
and it's it doesn't work
yeah i was watching an interview with tucker carlson and some guy who's a
professor at harvard
and uh he said i'll give you the last word the guy said socialism's gonna win
and he made the piece
i'm like what is that what does that even mean like socialism is going to win
what is it what does
that mean and what is socialism well it could win at the polls that's the
problem it's very intoxicating
to people who don't know any better right and the interesting people they have
too much money yeah
the interesting thing about socialism is that no matter how many times it fails
people expect it to
succeed right that's the definition of of insanity right doing something over
and over again and
expecting a different result well the socialists always expect a different
result from doing something
that has never succeeded in the past so socialism by definition is one thing
but by the emotional
reaction that people have is kind of another thing the emotional reaction is
there's rich people that
are a real problem they're hoarding they're greedy i'm not concerned with money
i want i'm concerned with
people and community and feelings and health and welfare and education and all
that money we should
take it from those rich people and we should funnel it into education and
community and they say all
these words that make people feel good like yeah we're not about money either
yeah it's all it's all
about feeling good that's what the the liberals are about it's about you know
feeling that they're better
than everybody else because they're you know they're they're higher up on this
moral pedestal because
they don't care about money they just care about you know people and you know
but when you talk
about rich people they don't hoard money i mean the way you get rich is not by
hoarding the way you get
rich is by trying to figure out what problems people have that you can solve
right whether it's inventing
something that makes their lives better or providing a service that makes their
lives better because the
customers are in charge individuals right that that's what's going to allocate
wealth it's if if somebody
is better than somebody else at satisfying the desires that people have right
if if i can come up with
something that you like that you want to buy that's cheaper and better than
what somebody else has come
up with then you're going to buy from me and so the person who ends up with the
most money is the person who's
satisfied the most desires the most needs in the most efficient way possible
and and that's what's
benefiting society i mean it's great to have charity and i'm all for private
charity but if you look at
the wealthiest men in history even though they've been incredible philanthropists
and they've given away
a lot of money they helped a lot more people amassing their fortunes than gifting
away what they made it was
the businesses that they created the the the products that they invented the
services that they provided
and the employment right that was all a function of their creating their wealth
that's what did a lot
more to help society than simply giving away some of the money that they earned
have you ever had a
debate with a democratic socialist well i mean most democrats are socialists
they just don't know it or
they don't want to admit it and a lot of people don't even understand what
socialism is because
you know you'll have the left they'll always consider somebody like even donald
trump they'll say oh
he's a fascist right they don't even realize that fascism is part of socialism
socialism is a broad
concept that includes things like communism and fascism so if you're a
communist you are a socialist
but by but it doesn't mean that if you're a socialist you're a communist
because you could be a fascist
you could be for a lot of things but fascism is a form of socialism where the
government doesn't just
steal all the property like the communists want to nationalize everything and
take legal ownership of
the means of production right the government just owns all the capital under
under fascism the government
is a little bit smarter they they realize that people will work harder if they
think they're working
for themselves so the fascist doesn't want to nationalize businesses they just
want to control
it through regulation and taxes and that's pretty much what the democrats want
to do they want to
control everything by taxing it heavily and regulating it and those that's an
important aspect of fascism
i mean a lot of people associate fascism with racism just because the nazis
were were racist but
you don't have to be racist i mean fascism started in italy and that there wasn't
any racism there and if
you go back to uh the nazi party it's the national socialist party of germany
that's what the nazis are
it's socialists so fascism is a form of socialism that's why the communists and
the fascists you know
argue so much because they're really they're fighting over the same turf it's
which brand of socialism is
better fascism or communism but they're not at opposite ends of the political
spectrum they're on the same end
so do you think the people are frustrated with the current system and so they
see someone like bernie
sanders come along that offers this radical change of pace he's saying you know
we need to end income
inequality and redistribute wealth and all these different things and it just
sparks an emotional
reaction in people that they know that the current system the way it's in place
especially the way it
was under obama they didn't like how things were they didn't like how things
were under bush they think
we need someone who's not a career politician or someone who has got a radical
new approach
oh look at this bernie sanders guy he wants to do some stuff with money let's
let's vote for him
yeah look people you know are grasping for straws when they're looking for a
solution that that's why
trump is president i mean a lot of people think that trump's election maybe
shows that the u.s electorate
has moved right right that we're more republican or more free market but that's
not what that election
was about it was about the fact that we had a lousy economy and trump