The Bubble


Gary Johnson, Presidential Candidate

Gary Johnson is a 2012 Republican Presidential candidate. He has been an outspoken advocate for efficient government, lower taxes, winning the war on drug abuse, protection of civil liberties, revitalization of the economy and promoting entrepreneurship and privatization. Johnson grew Big J Enterprises, his construction company, into a multi-million dollar corporation that employed over 1000 people in 1994. When he sold Big J in 1999, no employee lost his job and the company remains very successful to this day.

In 1994, Johnson was elected Governor of New Mexico despite having little experience in politics. As Governor of New Mexico, Johnson was known for his common-sense business approach to governing. He eliminated New Mexico’s budget deficit, cut the rate of growth in state government in half and privatized half of the state prisons. Johnson also shifted state Medicaid to managed care (which led to better healthcare by creating a statewide healthcare network that previously did not exist and which saved money) and reduced state employees by over 1000, with no firings. During his term, New Mexico experienced the longest period without a tax increase in the state’s istory.

While in office, Governor Johnson vetoed 750 bills (which is about equal to all the combined vetoes of the other 49 Governors in the country at the time ) and thousands of line item vetoed bills.

Peter Schiff, Euro Pacific Capital

Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.

He has been quoted in many of the nation’s leading newspapers, including The Wall Street Journal, Barron’s, Investor’s Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V.

His best-selling book, “Crash Proof: How to Profit from the Coming Economic Collapse” was published by Wiley & Sons in February of 2007. His second book, “The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down” was published by Wiley & Sons in October of 2008.

Joseph Salerno, Pace University

Mr. Salerno is a professor of economics at Pace University. Joseph is the chair of the economics graduate program. He is also a senior faculty member of the Mises Institute, for which he frequently lectures and writes, and he serves as editor of the Institute’s Quarterly Journal of Austrian Economics. Salerno wrote an introduction for and edited the 2002 and 2005 Mises Institute editions of Murray Rothbard‘s A History of Money and Banking in the United States.

He has written scholarly articles on: Monetary theory; Policy Banking; Comparative economic systems; History of economic thought; and Macroeconomic analysis.

Jim Rogers, Author of Investment Biker

After attending Yale and Oxford University, Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P 500 rose less than 50%. Rogers then decided to retire at 37.

In 1990-1992, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analyzed the countries through which he traveled for investment ideas. He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers. Jim also embarked on a Millennium Adventure. He traveled for 1101 days on his round-the-world, Guinness World Record journey. Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip. His latest book “A Gift to My Children: A Father’s Lessons for Life and Investing” was published in 2009.

Marc Faber, Gloom, Boom, Doom Report

Dr Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW’S GOLD ” was for several weeks on Amazon’s best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.

Doug Casey, Casey Research

Doug Casey is a highly respected author, publisher and professional investor who graduated from Georgetown University in 1968. Doug literally wrote the book on profiting from periods of economic turmoil: his book Crisis Investing spent multiple weeks as #1 on the New York Times bestseller list and became the best-selling financial book of 1980.

Mark Thornton, Author

Mark Thornton is Senior Fellow at the Ludwig von Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. He served as the editor of the Austrian Economics Newsletter and as a member of the Editorial Board of the Journal of Libertarian Studies. He has served as a member of the graduate faculties of Auburn University and Columbus State University. He has also taught economics at Auburn University at Montgomery and Trinity University in Texas. Mark served as Assistant Superintendent of Banking and economic adviser to Governor Fob James of Alabama (1997-1999) and he was awarded the University Research Award at Columbus State University in 2002.

Jeff Herbener, Grove City College

Dr. Jeffrey Herbener is chair of the department of economics at Grove City College, fellow for economic theory & policy with The Center for Vision & Values, and Senior Fellow at the Ludwig von Mises Institute.