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article imagePeter Schiff Money-Bomb Raises Extra $350,000

By Andrew Moran     Aug 11, 2009 in Politics
The man who saw the economic collapse happen two years prior has raised $350,000 in one day for his run at a Connecticut Senate seat.
According to Capitol Watch, Peter Schiff, President of Euro Pacific Capital and author of The Little Book of Bull Moves in a Bear Market, raised $804,485 as of noon Monday for his Senate campaign. Prior to Monday's money-bomb, Schiff had $450,000, including $50,000 from himself.
Andrew Schiff, campaign spokesperson and brother to Peter, believes that he will be at the $1 million mark by the end of August and called the money-bomb, "A pretty good take. Not a homerun, but certainly a stand-up double."
Majority of donations to his campaign have been online and checks through the mail. Schiff is calling on private donors that he personally knows as well, according to Andrew Schiff.
Peter Schiff will make his final decision in September if he will run for Senator in Connecticut. If so, he will run as a Republican and face off against other Republicans such as former Ambassador Tom Foley, State Senator Sam Caliguri and former Congressman Rob Simmons.
Schiff was recently on MSNBC's The Ed Show to discuss health care however, he did not get a chance to state his position because the host consistently interrupted him and told him what he thinks about health care. At one point, the host asked Schiff to say in 30 seconds what he thinks about health care, after five seconds the host interrupted him.
For years now, Schiff has made himself well known of accurately forecasting the current economic collapse, the government's handling of crisis and what the future will hold for the United States economy.
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