Rep. Ron Paul, R-Tex., will discuss economic policy and financial market issues in a webinar hosted by Superfund Investment Group at 1 p.m. July 12.
Superfund Chief Operating Officer Vito Fossella, a former New York Republican congressman, will host the event, and qualified investors can participate (see information below).
The webinar will offer listeners an opportunity to learn about the major economic issues and possibly help them with their investment decisions. Superfund (www.superfund.com) is an international consortium of investment companies specializing in trading and offering managed futures around the world.
“Ron Paul is a long-time proponent of sound money, sound banking and free markets,” Fossella told Newsmax. “He has spoken out for decades about the downside of government debt and budget deficits and the impact they have on the value of the dollar and gold.”
In light of Europe’s recent debt crisis, listeners might find the ex-presidential candidate’s views particularly interesting now, Fossella said.
Fossella himself correctly told Newsmax in February that gold’s ascent wasn’t over and says it still has room to rise.
“Until and unless there’s a credible plan by major nations to confront their debt and truly control spending, one of the few places to go will be gold,” he said.
As for Paul, “he has made some very strong points looking at gold as almost an alternative currency. Many people don’t want to hear that, but by many measures he’s been proven right,” Fossella said.
Paul also is likely to discuss the financial reform bill in Congress. The bill includes a provision allowing Congress to audit the Federal Reserve, an idea inspired by Paul, though it doesn’t allow Congress authority over the Fed’s interest rate policy.
“At the core of Ron Paul’s ideas are how sound money, sound banking and free markets are the cornerstone of a prosperous nation,” Fossella said.
“Individual liberty is the best stimulus for economic recovery as opposed to reflexive responses out of Washington – more unnecessary regulation, more deficits and more debt that only hurts American citizens.”
There is a strain of thought that the economy can just grow out of its troubles. But given the exploding government debt burden, that’s not the case, Fossella says.
As a result, people are worried about how to preserve their wealth and retirement assets.
“Ron Paul offers insights into what Washington is doing and where it has failed, giving investors an opportunity to see what the future will look like and how to prepare for it,” Fossella said.
He says investors should realize they have options beyond traditional stocks and bonds — everything from commodities such as gold to emerging markets.
“People should know there are new ways to conserve and grow capital,” Fossella said. “And very often so-called experts have been wrong. For example, it’s wise to know that people who called the end of the bull run in gold are wrong.”
Qualified investors who want to participate in the webinar should call Tania Beck at 212-878-4526 by Monday morning.
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