Peter Schiff: Get rid of the Politicians

In the days or weeks to come I believe Peter Schiff will announce his candidacy for U.S. Senator from Connecticut. Peter seeks to unseat the corrupt plutocrat and career teat-sucker Senator Chris Dodd should he win the GOP primary.

Who is Peter Schiff? He is a political neophyte who is a successful investment advisor and author of the bestseller "Crashproof." Peter is also a well-known public speaker and frequent guest on the various cable business shows. He is the President of Euro Pacific Capital, a broker-dealer specializing in foreign markets.

Although Schiff will run as a Republican he can best be described as a free market libertarian. His views on the economy, the Fed, the U.S. dollar, the stimulus, Cash for Clunkers and the health "transform" bill, as well as his prospects for Dodd's Senate seat, are all clearly articulated in this 24-minute interview with Newsmax TV's Dan Mangru.

I urge you to take a listen and form your own opinion on whether Peter would be worthy of your support should he decide to run for office.

"Trickle-Down Poverty"

1980s Reagonomics was ridiculed by the Left and the media (but I repeat myself) as "trickle down" economics. Ronald Reagan's theory, formally known as "supply side economics," held that marginal tax rate reductions on the wealthy would increase their productivity and income, incentivize them to grow their businesses and add jobs and so benefit the less wealthy and working poor. As we know, the critics were wrong in everything except their nomenclature--wealth, income and jobs did "trickle down" from the wealthy to everyone else and ignited an economic and stock market boom that lasted for decades.

Read what investment manager Thomas E. Nugent has to say about President Obama's complete reversal of the policies that Reagan championed and implemented. We'll know soon enough whether Obama's policies lead to economic prosperity like Reagan's did.