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Jake Towne was an expatriate engineer working in the semiconductor industry from 2002-2009 and based in Shanghai China from 2005-2009. Finding the economic prosperity and civil liberties here in the United States to be under attack, he left China and ran for US Congress from 2009-2010 in eastern Pennsylvania. Towne raised $60,000 in funds and won over 15,000 votes, both among tops in the nation for independents and third parties. Following the race, Jake has been self-employed as an equity trader.
- Description: Retiree. Trading frequency: Weekly
- Interests: Commodities, Forex, Gold
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Towne for Congress I am running for U.S. Congress in eastern Pennsylvania's 15th District, the Lehigh Valley, in the November 2010 election. I have been personally outraged by what Congress, our Presidents, and the Federal Reserve has done over the last few decades and I deem their collective actions as oppressive and ...More
tyrannical. As there is no hope for my concerns and grievances to be addressed by the current government, I've decided to make myself available and talk and discuss ideas with whoever wants to consider me to represent them in my district. My campaign has three major planks (downloadable from http://www.scribd.com/doc/15909415/Jake-Towne-for-US-Congress-PA15-May-2009) 1. Government Accountability and Transparency. I will create a novel forum-like system I've nicknamed the "Open Office" if elected. 2. Prosperity through Monetary Policy Change. This is the reason I am running for federal Congress as the Constitution endows this branch of the government with this responsibility, which has been grossly abused. 3. Bring fresh, new ideas to the U.S. Congress. Please refer to my presentation for some examples! My campaign's principles are: 1. Government exists to protect liberty, not to redistribute wealth, nor to grant special privileges, nor to interfere with the lives of individuals and their actions. The government of a free country, properly speaking, rests not in its elected officials but in its laws. 2. The Constitution is the supreme law of the land. Therefore, transfer of American sovereignty to supranational organizations, even if “benign,” is not permissible without a constitutional amendment. 3. The United States Constitution was written under the principle of "positive grant." This means the federal government is authorized to exercise only the powers which are specifically given to it by the Constitution, and nothing more. 4. Each individual is fundamentally equal under the law with all other individuals. The rule of law's framework of liberty ensures the greatest opportunity for individuals to explore their strengths and surmount obstacles. 5. A limited and decentralized government with inherent checks and balances results in more self-rule by local communities, and hence providing local diversity and overall greater satisfaction for individuals. Individuals can always vote with their feet, and move to areas not affected by laws they strongly disagree with. 6. Individuals have the right to live their own lives in whatever manner they choose, so long as they do not forcibly interfere with the equal rights of others. 7. The only legitimate use of force is in defense of individual rights — life, liberty, and justly acquired property — against aggression. 8. Rights belong to individuals, not groups. 9. Rights are not privileges, they are derived from the natural state of being human. 10. The Constitution merely acts to forbid the infringement of the federal government upon these rights. 11. The government's monetary role is to mint money and maintain the integrity of the monetary unit, not to commit fraud by debasement or to substitute counterfeits of paper for the constitutionally-specified forms of lawful money, coins of gold and silver. 12. However, individuals should be free to trade and exchange as money any mutually agreeable commodity or item as they wish. 13. Property should be owned by people, not government. 14. The free market is feared by many who do not understand it. Those who do realize the free market is the most just, most humane economic system, and remains the greatest engine of prosperity and liberty the world has ever known. 15. Freedom is an indivisible whole. It includes not only economic liberties but personal liberties as well.
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