i like peter schiff, but he's missed so maney salient points that his assessment just completely falls apart.

by definition, the "job creators" spend money on themselves.
If you're a personal trainer, or a luxury car detailer, this is good news. for the rest of us, living in a country where everything is owned is not helpful.

Schiff is one of the few people in the whole world who don't like the Federal reserve, and like the 999 plan.

Moving this video to dotdude's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

http://videosift.com/video/Herman-Cains-9-9-9-plan-Occupy-Wall-Street

@~1:15 "If you take a look at a wealthy person, ALL of the money that is earned... is ultimately going to be spent."

This trickles down how? Be either spending/investing in consumer goods or publicly traded ventures/securities? That's such a weak correlation and yet he makes it sound like it's a foregone conclusion. What about overseas tax shelters and foreign investments? What about the knee-jerk reaction of Wall Street investors to see stock and hold onto cash when the market dips? He does not provide a complete explanation.

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@~2:30 "That money is used to grow the economy, to produce goods, to provide services, to create jobs... they're not using it to benefit themselves, they're using it to benefit society."

Sarcasm -> So when rich people buy things, they aren't doing enjoying it. That's why we say "money can't buy happiness." When they buy that 12th sports car, they're taking on that hardship for their country. Weep. <- end sarcasm. The rest of us need to buy stuff too, and as wages for the middle and lower income majority stagnate or worse, the top tier has enjoyed a boom.
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@~4:10 "Any money that is diverted from savings [read as equities and bond investments in the domestic market] to government is money that would have been used to produce private sector jobs and grow the economy and instead the money goes to the government."

He states that liberals miss the bigger picture when they argue that the top should pay more taxes. He goes on here to describe the government is a black hole, where all taxes are simply wasted. What about social security, medicare and the damn debt? Honestly, it astounds me that he doesn't make the connection between the generally accepted idea that the debt needs to be paid but instead of taxing from more from the most successful individuals, he seems to side with the Republican fiscal policy of accomplishing this through budget cuts alone. This is a contributing factor to global perception America's quality of life: it doesn't even make the top 10 anymore in the Nation Ranking Quality of Life Index.

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@~10:30 "The protesters [OWS] should be protesting the White House. Capital Hill... That's what's failed them. It's not Captialism, but the lack of Capitalism."

So the government is too big, and we need to cut spending and stop over regulating so Capitalism can frolic freely in the forest. Sounds so me like hasty Obama blaming. I think the mortgage-backed securities practices and resulting global crisis are a perfect example of unfettered Capitalism at work. Republicans can't have it both ways, no matter how matter-of-fact you say it. This fallacy is a major sticking point for me and a major contributor to my personal ideological opposition to the Republican viewpoint. All allegations of racism aside, ignoring the shocking gun toting and violent rhetoric of hard-line Tea Party demonstrators, saving all the ridiculous comments made by the GOP candidates recently, I just see the party trying to hide their allegiance to corporations. They do this by forming ludicrous allusions to "the State-run death camps" and distracting people from the real issue of wealth disparity by talking about inflammatory topics like "Don't Ask Don't Tell."

I don't even blindly follow the Democratic dogma. They can't come out of this squeaky clean either. I'd wager they're just about as pampered and subsequently influenced by lobbyists as their Republican counterparts, although they seem to maintain their "just and true, pro-underdog" image to a large extent. I hope OWS results in the end of this corporate crony-ism.