With Election Day arriving, Newsmax magazine features billionaire business mogul David Koch in a rare and exclusive interview and cover story.
During the presidential race, Koch, and his brother Charles, became hot targets of the Obama campaign.
|David Koch warns of possible runaway inflation.
In the Newsmax cover story “David Koch Speaks,”
Koch reveals that he believes the 2012 election is a battle for the future of America — and why he has taken such an active role in supporting Republican Mitt Romney.
One of the richest men in America, Koch is executive vice president of Koch Industries and co-founder with his brother Charles of the powerful political advocacy group Americans for Prosperity, which has played a major role in present-day American politics.
The group fights for lower taxes and limited government and was credited with helping the GOP regain control of the House in 2010.
In this election year, Americans for Prosperity has raised an estimated $150 million and unleashed a barrage of television ads and a high-tech voter mobilization drive in key battleground states. And Koch has personally hosted a fundraiser for Romney at his home on Long Island.
“We are very concerned about the future of our country and the catastrophic consequences of the federal government incurring these massive deficits year after year with no significant steps being taken to correct these deficits,” Koch told Newsmax.
“Almost everybody I know who has any kind of financial savvy or experience is terrified by the consequences of never-ending massive deficits, which are being paid for generally by the Federal Reserve purchasing Treasury bonds.”
Koch fears that inflation could be on the horizon.
“The Federal Reserve is creating money to buy these Treasury bonds, and if that policy continues for too long, we’re going to start to see inflation.
“We can have runaway inflation at some point in time,” which will drive up the interest rate on the national debt to perhaps 9 percent. “That’s absolutely unsustainable,” he added.
Koch and his organization have become a lightning rod this political year. President Obama, for example, called Koch and his brother “secretive oil billionaires.”
But Koch is not about to back down.
“What bothers me about [Obama] is that he seems to be anti-business,” Koch told Newsmax. “Business provides 3 out of every 4 jobs in our economy, and gosh, does he attack business just relentlessly.”
In the Newsmax cover story, Koch gives Newsmax readers a look inside his private world, his family life, and his philanthropy.
To get your copy of this Newsmax Magazine “David Koch Speaks” report — Click Here Now.
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