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    • Worst Recovery Since WWII Just Got Worse – Ep. 99
      This morning we got the first look at Q2 GDP Q1 had been reported most recently at -.2 Everybody was looking for an upward revision due to the double seasonal adjustments The revision brought Q1 into the black, but only by .6 Q2 expectation was 2.9; instead it came in at 2.3 I had mentioned […] The post Worst Recovery Since WWII Just Got Worse – Ep. 99 appea […]
    • The Euro Isn’t Dead
      By: Peter Schiff, President and CEO Euro Pacific Capital While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro. In recent years the contest […] The post The Euro […]
    • Fed Leaks, Fast Food, Housing & Gold – Ep.98
      The Dow Jones had its worst week since January – closed the week at 17,568, down 518 points Friday’s drop alone accounted for 163 points Capital One had a huge earnings miss and announced big layoffs Big losses on bad debt All the economic data from this year has been negative There is no precedent […] The post Fed Leaks, Fast Food, Housing & Gold – Ep.9 […]
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      By: Peter Schiff, President and CEO Euro Pacific Capital In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate […] The post Currencies […]
    • Gold’s 50-Dollar Sunday Night Collapse Explained – Ep. 97
      Today’s Podcast is entirely devoted to gold and gold stocks Last night, in just a few minutes, gold dropped $50 One or more major sell orders hit the market at the same time and gold went down below $1100 It was down $20 by the time New York trading opened and by market close gold […] The post Gold’s 50-Dollar Sunday Night Collapse Explained – Ep. 97 appeare […]

Ron Paul’s big week

Black this Out, October 19th

This is going to be a big week for Ron Paul.  Yesterday he just unveiled his new budget proposal, dubbed the “Plan to Restore America,” which will cut $1 trillion in the first year of his presidency, abolish five federal apartments, end the wars, cut taxes, balance the budget in three years and last but not least, reduce the presidential pay from $400K to $39K, which is the median income per worker in America.  For most libertarians, that’s a good start.  Hopefully abolishing the IRS and the income tax will come after that.  But in all seriousness, Paul is one of the only presidential candidates who is taking a critical look at our fiscal situation and has a plan that takes steps to reduce our debt burden immediately.  Most candidates want to tinker with small details (ie. no more earmarks!) or just give empty rhetoric, but Paul has a solid plan to get the economy out of the crapper and restore our freedom.

The other big event this week is Ron Paul’s “Black This Out” money bomb on October 19th, which plans to be the biggest fundraising day for Paul all year.  The name is meant to be a sarcastic reference to the way Ron Paul is being treated by the media, who have been following a golden rule: pretend Ron doesn’t exist.  Many online blogs are promoting this Money Bomb by putting black censors boxes over their avatar’s faces (such as the image above), or striking out Ron Paul’s name in blog or twitter posts.  The grassroots have been sick and tired of the intentional disregard of Paul as a serious candidate, despite him winning most online debate polls and many straw polls such as the California GOP and Value Voter poll in DC.  His coverage out of all candidates has been dead last, despite his polling numbers having him consistently in third place, or second place is certain early primary states.  This new study by the Pew Research Center’s Project for Excellence in Journalism has vindicated our complaints.

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