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January 28, 2009

Peter Schiff for senate?

MSM hacks like me who mention Peter Schiff immediately get sent an email from something purporting to be an independent group promoting Schiff as a candidate for U.S. Senate from Connecticut. (He would run against Chris Dodd.) The Website is Schiff2010.com. It seems a little slick and finance-obsessed for a grassroots political effort.

An excerpt:

In the events leading up to the crash of 2008, and over the past several months, Peter Schiff has made a number of very specific predictions. Many have come to pass, while some have not. For example, he accurately predicted the stock, credit, and housing market collapse, while virtually every other financial and political pundit scoffed at such dismal prognostications. On the other hand, though commodities soared and the US Dollar plummeted for most of ‘08, the pattern reversed itself once the crash hit. Schiff had predicted the opposite.

Schiff still stands by his predictions of a crashing US Dollar and rising commodity prices, specifically gold, if the federal government continues its policy of massive bailouts, the printing of trillions of dollars out of thin air, and obscene budget deficits. Already, gold has begun a strong rebound, and several analysts are worried about the potential for hyperinflation if the current period of deflation is quelled. Time will tell if these predictions hold water.


Posted by Jay Hancock at 11:57 AM | | Comments (12)
        

Comments

Someone like Schiff in the Senate would be amazing. We need a politician in Washington willing to say these things public.

There has been talk for the past few months on this rumor. Frankly, anyone would be better than who we have now. Schiff's Ron Paul connections may not help him terribly here in uber-liberal Connecticut, but on the economy, there can be little doubt that he is far more competent than our present senior senator, who has fearlessly led us to where we are while topping the donor lists of the lenders he should have been regulating and accepting sweetheart mortgage deals for himself.

There is a growing grass-roots movement to rid the state of Dodd, either by Schiff or someone else. Check out The Artful Doddger for additional information.

I'm not a huge Chris Dodd fan but I'll vote for anyone that is NOT connected to Ron Paul. Schiff is a Paulite, follows the Austrian school of economics (great theory, zero practical application), and does not appear to hold an opinion about anything unrelated to finance.

Anyone who can overlook Paul's race-baiting, isolationism, and conspiracy-mongering will never get my vote.

GO PETER! I cant wait to see you break down Chris Dodd! He is transferring americas wealth to the elite and votes with the banks... SCHIFF is a real constitutionalist! The guy above is a moron. GOOGLE PETER SCHIFF

Very long, technical, but devastating expose proving that Peter Schiff was dead wrong:

http://www.ritholtz.com/blog/2009/01/peter-schiff-was-wrong/

"It seems a little slick and finance-obsessed for a grassroots political effort."

The young Ron Paul supporters seemed to be tech savvy and it takes a few bucks to maintain a quality site.
Schiff has to start rubbing elbows with the state GOP if he wants to actually win.

Those are just smears without providing any evidence, he's used race-baiting tactics. Funny how the mainstream media and you excuse liberals for their sins, such as Obama's minister, Mr. Wright, but everyone else is a race-baiter. I wonder why you do that? Because, we all know that liberals aren't racist. How do we know, because you and the media, just automatcally excuse it. Obama gives a "great" speech on race and then all his sins are just forgotten.

It would certainly give the Senate a little more class.

Um, TJ, that's actually what's known as an "opinion", a statement of personal beliefs. Believe it or don't, I don't care.

I think Wright is just as idiotic as Ron Paul and his fanatics.

Gory,
Jeremiah Wright was correct in his statements. He could have used more tact. But if you listen to the whole speech he lays out a laundry list of America's crimes and sums it up with the chickens coming home to roost. Sad but true. Bear witness to the truth.

Schiff is not a conspiracy monger like Paul. I have often hear him rejecting them

Schiff in DC to Assembly Team for Senate Campaign

http://politicsmagazine.com/blog_post/show/393

...At first, Schiff was reluctant, noting just how hard it would be to take down a five-term senator, especially as a Republican in a blue state. Now he sounds all but convinced. He’s got a team of consultants in place—who are working on a “month-to-month” basis as he considers the choice—and he had to dash out of our interview so he could meet with NRSC chair Sen. John Cornyn...

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
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