The Dollar’s collapse & the Bailout
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PROTECT YOUR FAMILY STANDARD OF LIFE
RON PAUL
Originally from the Green Tree suburb of Pittsburgh, Pennsylvania, he graduated from Gettysburg College in 1957, then studied at Duke University School of Medicine; after his 1961 graduation and a residency in obstetrics and gynecology, he became a U.S. Air Force flight surgeon, serving outside the Vietnam War zone. He later represented Texas districts in the U.S. House of Representatives (19761977, 19791985, and 1997present). He entered the 1988 presidential election, running as the Libertarian nominee while remaining a registered Republican, and placed a distant third.
Paul has been described as conservative, Constitutionalist, and libertarian.[2] He advocates a foreign policy of nonintervention, having voted against actions such as the Iraq War Resolution, but in favor of force against terrorists in Afghanistan. He favors withdrawal from the North Atlantic Treaty Organization and the United Nations, citing the dangers of foreign entanglements to national sovereignty. Having pledged never to raise taxes, he has long advocated ending the federal income tax, scaling back government spending, abolishing most federal agencies, and removing military bases and troops from foreign soil; he favors hard money and opposes the Federal Reserve. He also opposes the Patriot Act, the federal War on Drugs, No Child Left Behind, and gun regulation. Paul is strongly pro-life, and has introduced bills to negate Roe v. Wade, but affirms states’ rights to allow, regulate or ban abortion, rather than federal jurisdiction.[3]
While Paul was a leading 2008 presidential candidate in some Republican straw polls, he saw substantially less support in landline opinion polls and in the actual primaries. Strong internet grassroots support was indicated by the popularity of his name in search queries and the number of his campaign’s YouTube subscriptions. His book, The Revolution: A Manifesto, became a bestseller immediately upon release and went on to be #1 on the New York Times nonfiction best sellers list.[9]
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Ron Paul 2008 Campaign
On January 25, 2008, Peter Schiff was appointed as an economic adviser in Ron Paul’s presidential campaign. Schiff made the following statement concerning Paul’s economic revitalization plan: We need a plan that stimulates savings and production not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Pauls plan is the only one that amounts to a step in the right direction. If you want meaningful change - for the better that is - Ron Paul is the only candidate capable of delivering it. The others merely promise to continue the failed policies that are at the root of our current economic problems.
RonPaul2008.com Press release
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PETER SCHIFF
Peter Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Darien, Connecticut. Peter adheres to the principles of the Austrian School of Economics and the Ludwig von Mises Institute [5]. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications about his views on gold and silver.
Schiff points to the low savings rates of the United States as its worst malady, citing the transformation from being the world’s largest creditor nation in the ’70s to the largest debtor nation at the turn of 2000. His extremely bearish views on the US Dollar, the United States stock market, bond market, and the United States economy have earned him the nickname “Dr. Doom.”[6]
He is currently an economic adviser for the Ron Paul presidential campaign.[1] Schiff writes a weekly commentary about current economic conditions. His father is tax protester Irwin Schiff.
Schiff wrote a book called “Crash Proof” - 2007 (ISBN 978-0-470-04360-8) and also hosts a live internet radio show called “Wall Street Unspun.”
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Author: AzowRagbak
Keywords: ron paul peter schiff america financial meltdow dollar collapse bank 700 billion bailout cnn abc msnbc
Added: October 7, 2008
