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Dear
Friends,
Through
my weekly commentaries, I have always tried to share my honest insight into
the behavior of markets and recommend strategies to help people preserve
their wealth. As investors, many readers have benefited from my advice; but
as Americans, they are frustrated that they have to look abroad for decent
returns because Washington continues making a mess of things at home. I am
too.
As you
may know, I have decided to run for U.S. Senate from my home state of
Connecticut. Although I'm certainly interested in representing the interests
of my home state, I also believe that the outcome of this race will affect
the entire country. Though there were many important developments in world
markets this week, please allow me this time to speak to you about my
candidacy and your role in it:
Make no
mistake about it, winning a U.S. senate seat will not be easy. First, I need
to get through a highly contested Republican primary featuring some very
well-funded and high-profile opponents. Then, I need to defeat a five-term
incumbent Democrat who chairs the Senate Banking Committee. Though Chris Dodd
is unpopular now, he has a lot of powerful friends, including President
Obama, and he certainly knows how to use incumbency to his advantage.
However,
these are unique times, and politics-as-usual may no longer secure the
re-election of a skilled politician. Though Dodd will try to turn my lack of
political experience into a liability, it is much more likely to be an asset
in the current climate. Conversely, Dodd's lack of private sector experience
raises questions about his ability lead this country out of an economic
crisis, especially one that he and his buddies in Washington created.
I have made a good
life as a private citizen, but as the father to a seven-year-old boy, I can
no longer sit on the sidelines while career politicians destroy my heritage
and my son's future. This is a pivotal time in American history, with the
very character of our civilization hanging in the balance. We need to make sure
the weight shifts back toward freedom. With your help, I will do everything
in my power to ensure such an outcome.
However - I cannot
stress this enough - I need your help. If everyone reading this letter gets
involved, I am confident we can win. There are several ways you can help, but
two in particular stand out.
First and foremost,
you can make a donation to my campaign at www.schiffforsenate.com. All
donations will make a difference. As this will be an expensive race,
requiring as much as twenty million dollars to win, the larger the donation,
the more it will help.
The maximum allowed
donation is $2,400 per person in the primary and another $2,400 in the
general election. However, both donations may be made upfront, so $4,800 is
the most one person can donate today (married couples can donate a maximum of
$9,600). If I do not advance to the general election, the second $2,400 would
be refunded. However, since the primary is just a few months before the general
election, it helps to raise money for both right now.
I realize that this
is a lot of money to donate in a recession, but large contributions from
supporters like you are necessary for me to win this election. Undoubtedly,
checks of such size qualify as a large sacrifice. But this is one election
where your contribution can truly make an impact.
Think about it: can
you imagine the political waves that would result from my arrival in the U.S.
Senate? Unlike other newly arrived Senators, I would have no interest in
playing ball in exchange for cozy committee assignments or re-election
funding. I would arrive with one mission: telling the truth in the halls of
power, with a mandate the Beltway insiders could not ignore.
If I can win this
Senate seat, it means no incumbent will be safe. Those who do not follow my
lead risk losing to others who do. I'm not saying that my election will
single-handedly change the direction of the country, but it will certainly
set the process in motion.
To accomplish this,
we have to act. I am willing to lead the charge, but I need an army of
support behind me. This is our moment - to put upbeat headlines back on the
newspapers, to leave our children with opportunities instead of debt, and to
restore our country's best traditions by discarding the policies that
shattered them.
Of course, to raise
an army, I need plenty of volunteers. I will work tirelessly over the next
year to spread our message, but my real strength will be the thousands of
dedicated supporters who make this campaign their own. My plan is to utilize
this asset in a way that promises to shock my opponents and potentially
revolutionize modern political campaigning. So even if you cannot donate much
money, your time will be just as valuable. And even if you can't travel to
Connecticut, we can still use your help.
To donate either
time or money, just go to my web site at www.schiffforsenate.com. There you
can either make a contribution, sign up to be a volunteer, or both.
If you prefer to
donate by check, please mail your contribution, made payable to "Schiff
for Senate," directly to my campaign at: Schiff for Senate, P.O. Box
1134, Weston, CT 06883.
Thank you for your
time and for sharing this message with your friends and relatives. I'll see
you on the campaign trail.
Regards,
Peter D. Schiff
President/Chief Global Strategist
Euro Pacific Capital, Inc.
20271 Acacia Street, #200 Newport Beach, CA 92660
Toll-free: 888-377-3722 / Direct: 203-972-9300 Fax: 949-863-7100
www.europac.net
pschiff@europac.net
Also
by Peter Schiff
For a more in depth analysis of the tenuous position of
the American economy, the housing and mortgage markets, and U.S. dollar
denominated investments, read my new book : The Little
Book of Bull Moves in Bear Markets" (Wiley, 2008).
More importantly take action to protect your
wealth and preserve your purchasing power before it’s too late. Protect
your wealth and preserve your purchasing power before it’s too late.
Discover the best way to buy gold at www.goldyoucanfold.com
, download my free research report on the powerful case for investing in
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, and subscribe to my free, on-line investment newsletter at http://www.europac.net/newsletter/newsletter.asp
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