August 10, 2009
Peter Schiff Raises $800k for Potential Senate Primary
The Peter Schiff Exploratory Committee for the U.S. Senate Republican primary in the State of Connecticut has successfully raised over $800,000 in just one month since it began soliciting donations. Over $300,000 of these donations were made since Friday after some of Peter's supporters organized a "moneybomb".
This compares to the $753,000 raised by the Republican frontrunner Rob Simmons from April through June. It is our belief that Rob Simmons would've voted with Chris Dodd in favor of the government's stimulus plans and bailouts, which have gotten our country trillions of dollars deeper into debt. It seems as though the only thing Rob Simmons offers to voters is that he is not Chris Dodd.
As we previously announced, two of our co-founders have each donated $2,400 to Peter Schiff, as we believe he is the only potential Senate candidate nationwide who fully understands the hyperinflationary disaster our country is rapidly approaching. Peter Schiff is against all bailouts and knows that if our government continues to bail out financial institutions that are deemed "too big to fail", eventually it will be the U.S. dollar that fails and we will see a currency crisis and hyperinflation.
Congress today is doing the exact opposite of what needs to be done to rein in our economic crisis. Peter Schiff understands that a recession is not the problem, a recession is the solution in order to clean out the excesses of the past decade and rebalance the economy. By doing everything possible to prevent a much needed recession, Congress is sowing the seeds for the greatest depression in history coupled with massive inflation.
If you haven't done so already, please visit http://www.schiffforsenate.com and make the largest contribution you can afford. Consider it to be an investment into our country because without Peter Schiff in the U.S. Senate, it is possible that in a few years time, $2,400 won't be enough to buy a loaf of bread. We cannot afford to have the U.S. become the next Zimbabwe, but that's exactly the path we are on today.
Our documentary Hyperinflation Nation, starring Peter Schiff, Ron Paul, Jim Rogers, Marc Faber, Tom Woods, Gerald Celente, and others, has now surpassed 143,000 views since its release on June 28th. Please tell your friends and family to visit our video page and watch Hyperinflation Nation so that they can fully understand the urgency behind our support of Peter Schiff.
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