| Peter Schiff: It's no secret that
America became the world's wealthiest country because
we had no taxes…I mean, that's the key. That's
the key-- you want to keep taxes as little as possible.
If for no other reason, is that the less taxes there
is, the smaller your government. And you want to keep
government to its absolute smallest size possible,
because the bigger it is, the more damage it's going
to do. So if you don't feed it very much, then it's
not going to be able to hurt you too much.
Jim Puplava: Well I just can't
see this improving because if you look at all the
candidates on either or both sides, they're all
promising us a lot of candy and cookies right now.
PS: Well you've got Ron Paul!
I gave him a check for $2300 bucks. You know, pony
up! He's the only guy that's running. I mean everybody
that's listening to this show ought to give the
guy some cash…I mean, who knows? People say
it's impossible for him to win, but you never know.
He's the only guy worth backing and he does have
some support and there's no one else in the Republicans
who's even a true conservative. So, I think, I think
he's got a shot. He's got an outside chance, but,
you know, who knows.
JP: Well Peter, if you were
investing right now, I know you're more oriented
toward international where the growth is stronger.
Would you stay international?
PS: Yeah, I mean look: my main
reason for going abroad is I don't want to be in
the dollar. I'm giving investment advice to people
and most people who are looking to invest money
are looking to preserve purchasing power for some
future date. Either retirement, or an educational
need or some distant event. And I can't encourage
anybody in good conscience to set aside dollars
for future purchasing power when I have no confidence
whatsoever that it's going to buy very much.
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