Universal suffrage (also universal adult suffrage, general suffrage or common suffrage) consists of the extension of the right to vote to adult citizens (or subjects) as a whole, though it may also mean extending said right to minors (Demeny voting) and non-citizens. Although suffrage has two necessary components, the right to vote and opportunities to vote, the term universal suffrage is associated only with the right to vote and ignores the other aspect, the frequency that an incumbent government consults the electorate. Where universal suffrage exists, the right to vote is not restricted by race, sex, belief, sexual orientation, gender identity, wealth, or social status. Historically, universal suffrage often in fact refers to universal adult male suffrage.

The concept of universal suffrage originally referred to all male citizens having the right to vote, regardless of property requirements or other measures of wealth. The first system to explicitly claim to use universal suffrage was France which is generally recognized as the first national system to abolish all property requirements for voting. In theory France first used universal (male) suffrage in 1792 during the revolutionary period, although the turmoil of the period made this ineffective. France and Switzerland have used universal male suffrage continuously since 1848 (for resident male citizens), longer than any other countries. The German Empire had universal male suffrage from its beginning in 1871. New Zealand became the first nation in the world to achieve universal suffrage in 1893.^[1]

In most countries, full universal suffrage – with the inclusion of women – followed universal male suffrage by about ten to twenty years. Notable exceptions were France, where women could not vote until 1945, Italy (1946), Belgium (1948) and Switzerland (1971).

In the first modern democracies, the vote was restricted to those having adequate property and wealth, which almost always meant a minority of the male population. In some jurisdictions, other restrictions existed, such as restrictions on voters of a given religion. In all modern democracies the number of people who could vote increased gradually with time. The 19th century featured movements advocating "universal suffrage" (i.e. male) The democratic movement of the late 19th century, unifying liberals and social democrats, particularly in northern Europe, used the slogan Equal and Common Suffrage.

The concept of universal suffrage does not imply any impropriety in placing restrictions on the voting of convicted criminals or mentally ill persons. Such restrictions exist in many countries with universal suffrage. Equally, some universal suffrage systems apply only to resident citizens.

Expanding suffrage[link]

Voting is an important part of the formal democratic process.

The first movements toward universal suffrage occurred in the early 19th century, and focused on removing property requirements for voting. In the late 19th and early 20th century, the focus of the universal suffrage movement became the removal of restrictions against women having the right to vote.

Several countries which had enacted universal suffrage had their normal legal process,or their existence, interrupted during the first world war.

Many societies in the past have denied people the right to vote on the basis of race or ethnicity. For example, non-white people could not vote in national elections during apartheid-era South Africa, until the system came to an end with the first free multi-party elections in 1994. In the pre-Civil Rights Era American South, African Americans often technically had the right to vote, but various means prevented many of them from exercising that right.

Disenfranchisement[link]

All US states with the exceptions of Maine & Vermont disenfranchise some felons from voting depending on their current incarceration, parole or probation status; a number US states permanently disenfranchise some felons, even after their release from prison^[2]. Many states within the U.S. previously disenfranchised paupers, persons who either paid no direct taxes or those who received public assistance.^[3]

There are also differing degrees of legal recognition of non-resident citizens: non-resident Italians have representatives at-large in the Italian parliament; U.S. citizens voting abroad vote as residents of the last state where they (or their parents) lived; British people, however, cannot vote for their national parliament unless they have lived in the UK in the last fifteen years.^[4] A few nations also restrict those who are involved in the military or police forces, as it is in the case of Kuwait.^[5]

Many democratic countries, most notably the United Kingdom and France have had colonies, the inhabitants of which have not, or mostly not, been citizens of the imperial power, but subjects; subjects have generally not been entitled to vote for the imperial legislature. A peculiarly complex case is that of Algeria under the Fourth French Republic; Algeria was legally an integral part of France, but citizenship was restricted (as in the French colonies proper) by culture, not by race or ethnicity. Any Algerian could become a French citizen by choosing to live like one, but very few did as it was considered apostasy from Islam, their religion.

Citizens of an EU Member State are allowed to vote in EU parliamentary elections, as well as some local elections. For example, a British person living in Graz, Austria, would be able to vote in for the European Parliament as a resident of the "electoral district" of Austria, and to vote in Graz municipal elections. He would, however, not be able to vote in Austrian (federal) elections, or Styrian (state) elections. Similarly, all locally resident EU citizens in the UK are allowed to vote for representatives of the local council, and those resident in Scotland, Wales and Northern Ireland may vote for the devolved parliaments or assemblies, but only British, Irish and Commonwealth citizens are allowed to vote for the British House of Commons.

[edit] Notable dates for universal suffrage in the world^{[citation needed]}

States have granted and revoked universal suffrage at various times.

Note: The table can be sorted alphabetically or chronologically using the icon.

Women's suffrage[link]

The first women's suffrage was granted in Corsica in 1755 and lasted until 1769.^[21]

Women's suffrage (with the same property qualifications as for men) was next granted in New Jersey in 1776 (the word "inhabitants" was used instead of "men") and rescinded in 1807.

The Pitcairn Islands granted restricted women's suffrage in 1838. Various other countries and states granted restricted women's suffrage in the later half of the nineteenth century, starting with South Australia in 1861.

The first unrestricted women's suffrage in a major country was granted in New Zealand in 1893.^[1] The women's suffrage bill was adopted mere weeks before the general election of 1893. Māori men had been granted suffrage in 1867, white men in 1879. The Freedom in the World index lists New Zealand as the only free country in the world in 1893.^[21]

South Australia first granted women suffrage and allowed them to stand for parliament in 1894.

In Portugal, in 1911, Carolina Beatriz Ângelo was the first woman to be granted the right to vote. She voted in the First Portuguese Republic elections of 1911.^[22]

In 1930, Turkey granted women's suffrage for city council elections, many years earlier than France, Italy and Switzerland. In 1934 all women in Turkey could vote and could be elected.^[23]

In 1931, the Second Spanish Republic allowed women the right of passive suffrage with three women being elected. During the discussion to extend their right to active suffrage, the Radical Socialist Victoria Kent confronted the Radical Clara Campoamor. Kent argued that Spanish women were not yet prepared to vote and, since they were too influenced by the Catholic Church they would vote for right-wing candidates. Campoamor however pleaded for women's rights regardless of political orientation. Her point finally prevailed and, in the election of 1933, the political right won with the vote of citizens of any sex over 23. Both Campoamor and Kent lost their seats.

Youth suffrage, children's suffrage and suffrage in school[link]

Main article: Youth suffrage

Democratic schools practice and support universal suffrage in school, which allows a vote to every member of the school, including students and staff. Such schools hold that this feature is essential for students to be ready to move into society at large.^[24][25]

See also[link]

Politics portal

• Suffragette
• Demeny voting
• Voting age

References[link]

External links[link]

• Limited suffrage in England prior to the 1832 reforms
• Finnish centennial celebration

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Peter Schiff

Austrian School
Born	(1963-03-23) March 23, 1963 (age 49)
Nationality	United States
Field	Financial Economics
Alma mater	U.C. Berkeley (B.B.A.), 1987[1]
Opposed	John Maynard Keynes,[2] Alan Greenspan,[3][4][5] Ben Bernanke,[6][7][8] Paul Krugman,[9] Christopher Dodd,[10] Barack Obama,[11]
Influences	Irwin Schiff, Ludwig von Mises, F.A. Hayek, Murray Rothbard

Peter David Schiff (pronounced /ˈʃɪf/; born March 23, 1963) is an American businessman, investment broker, author and financial commentator. Schiff is CEO and chief global strategist^[1] of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut^[12] and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.^[13]

Schiff frequently appears as a guest on financial television and is often quoted in major financial publications. He is host of The Peter Schiff Show, a radio show broadcast on terrestrial and internet radio. He is a frequent guest on internet radio^[14][15][16] as well as the host of the former podcast Wall Street Unspun.^[14][17] In 2010 Schiff ran as a candidate in the Republican primary for the United States Senate seat from Connecticut.^[18]

Schiff is known for his bearish views on the dollar and dollar denominated assets, while bullish on investment in tangible assets as well as foreign stocks and currencies.

Early life and education[link]

Peter Schiff was born and raised in New Haven, Connecticut. His father, Irwin Schiff, is a prominent figure in the U.S. tax protester movement, currently serving a 13-year sentence for tax evasion.^[19] Peter Schiff attended Beverly Hills High School in California,^[20] and graduated from the University of California, Berkeley in 1987 with a Bachelor's degree in finance and accounting.^[1]

Financial career[link]

Schiff began his career as a financial consultant at a Shearson Lehman Brothers brokerage.^[1] In 1996 Schiff and a partner acquired a small brokerage firm that had been founded in 1980, reincorporated it in California and renamed it Euro Pacific Capital.^[21][22] The company today has more than 15,000 clients^{[citation needed]} and six offices nationwide, with its headquarters in Westport, Connecticut.^[12][21][23]

According to a 2005 article in The Advocate of Stamford, Connecticut Schiff relocated the firm to Darien, Connecticut to find brokers "who think like him". The New York Metropolitan Area, Schiff says, has the biggest concentration of brokers in the country, making it easier to recruit employees.^[24] The company has offices in Newport Beach, California as well as in Scottsdale, Arizona, Palm Beach, Florida, Los Angeles and New York City. Euro Pacific Capital also holds the exclusive rights to broker some Perth Mint gold products in the United States.^[25]

Economic forecasts[link]

Peter Schiff voices strong support for the Austrian School of economic thought, first introduced to him by his father.^{[26][27][28][29]}

2002–2008[link]

In his 2007 book Crash Proof, Schiff wrote that United States economic policies were fundamentally unsound, and predicted that the United States dollar would lose much of its value.^[3] Schiff believed that the imbalance between the amount of goods the U.S. consumed and what it produced would eventually lead to problems for the U.S. economy.^[30][31] As a remedy Schiff favored increased personal savings and production which he said would stimulate economic growth.^[32] Schiff cited the U.S.'s low personal savings rate as one of the causes of its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation in the year 2000.^[33] Schiff attributed the low savings rate to higher inflation and the artificially low interest rates set by the Federal Reserve.^[34]

In a May 2002 interview with Southland Today, Schiff predicted that the economic downturn triggered by the bursting of the dot-com stock market bubble, an event that he had also forecast well in advance, would lead to a bear market likely to last "another 5 to 10 years."^[35][36] Later that year, following a 30% decline in the Dow Jones, Schiff reversed his call, and became bullish on U.S. stocks in nominal terms. However, he remained bearish in gold terms. In November 2002, as Schiff predicted, US stock indexes began a nominal bull market uptrend that held steady for five years,^[37] until reversing course in 2008, when they began a decline to less than half of their peak 2008 values,^[38] followed in 2009 by the Dow climbing 61% from its low point over the following year.^[39] However, priced in gold, U.S. stocks remained in a bear market the entire time. In May of 2002, the date of the Southland Today interview,^[40] the Dow Jones was worth over 34 ounces of gold. By 2011 the Dow fell below 6 ounces of gold, a nine-year decline of over 80%, in line with Schiff’s 2002 forecast.^[41]

In an August 2006 interview he said: "The United States economy is like the Titanic and I am here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States."^[42] On December 31, 2006 in debate on Fox News, Schiff forecast that "what's going to happen in 2007" is that "real estate prices are going to come crashing back down to Earth".^[42]

As part of these exchanges on Fox News and his repeated appearances on financial news network CNBC, Schiff had mentioned factors such as speculators and "the absence of lending standards" which are now seen by many^[43][44] to indeed be contributing factors to the housing crisis which began in 2007. On December 13, 2007 in a Bloomberg interview on the show Open Exchange, Schiff further added that he felt that the crisis would extend to the credit card lending industry.^[45] Following this observation, it was soon reported on December 23, 2007 by the Associated Press that "The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier at 17 large credit card trusts examined by the AP... At the same time, defaults -- when lenders essentially give up hope of ever being repaid and write off the debt -- rose 18 percent to almost $961 million in October, according to filings made by the trusts with the Securities and Exchange Commission."^[46]

Since 2007, Schiff has stated many times that if the government doesn't change course there will be hyperinflation in the US.^[3] Schiff is one of a minority of economists credited with accurately predicting the financial crisis of 2007–2010 while "nearly all [macroeconomists] failed to foresee the recession despite plenty of warning signs".^[47][48] In his book Crash Proof, he described several aspects of the U.S. economy that would lead to a recession.^[3]

A YouTube video entitled "Peter Schiff was right" became popular in late 2008 and 2009.^[49][50] The video consists of a compilation of clips of his many appearances on various financial news programs from networks including CNBC, Fox News, MSNBC and Bloomberg, most of which took place from 2005 to 2007. In the video segments Schiff explains the fundamental problems he saw with the United States economy at that time. Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom."^[22][51][52]

2009–present[link]

Despite predictions regarding the housing bubble and automotive industry difficulties coming to fruition, as early as 2009 Schiff was receiving criticism due to the performance of some of his client's accounts in 2008, as well as controversies over the predictions themselves. In January 2009, economic blogger and investment adviser Michael Shedlock reported, "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008."^[53] Later that week an article appeared in the Wall Street Journal reporting that Schiff's broker-dealer firm, Euro Pacific Capital Inc., "advised its clients to bet that the dollar would weaken significantly and that foreign stocks would outpace their U.S. peers" and that instead, the dollar advanced against most currencies, "magnifying the losses from foreign stocks Mr. Schiff steered his investors into."^[54]

The Director of Communications at Schiff's investment firm responded to the original Shedlock piece by saying, "While it is true, that our accounts have suffered badly in 2008, a fact that we have never disputed or ran from, [Shedlock's] estimates for the size of our typical client losses are exaggerated and unfair."^[55][56] Schiff personally responded to Shedlock's criticism by saying, "to examine the effectiveness of my investment strategy immediately following a major correction by looking only at those accounts who adopted the strategy at the previous peak is unfair and distortive" and called Shedlock's blog entry "nothing more than an overt advertisement (and a highly deceptive one at that) to use my popularity to advance his career," adding that losses were felt mostly by recent clients and not by others.^[57]

Schiff responded similarly to criticisms made by Wade Slome of Sidoxia Capital Management, LLC. in a September 2009 blog entry entitled, "The Emperor Schiff Has No Clothes."^[36] Schiff stated not only were the losses suffered by his clients in 2008 highly exaggerated, but also that most of those losses have already been recouped, stating that many who were down then are now up, and most long-term clients were never down at all, but merely temporarily lost some of the profits they had earned over the years.^[36]

The January 2009 Wall Street Journal article discussed the value of Schiff's predictions, and stated how deficiencies "made mincemeat of investors who took his advice in 2008."^[54] In an interview the following week Schiff likened himself to billionaire investor Warren Buffett, saying they were both "buy and hold" long-term investors. Contrasting his negative press he compared claims about accounts managed under Schiff's firm to the stock market value of Buffett's company, saying: "His approach is you buy stocks and you never sell them—you hope to never sell them—and Berkshire Hathaway is down 40% in the last thirteen months; I don't see the Wall Street Journal saying 'Warren Buffett made mincemeat out of his clients.'"^[58] The Wall Street Journal also published a letter written by Schiff in response to his critics saying: "My central investing premise, a weakening dollar and safety in gold, commodities and foreign stocks, didn't materialize in 2008. But all the ingredients were (and remain) present for those movements to occur. Over the past year, market reactions that I didn't foresee—massive global deleveraging, a knee-jerk 'flight to quality' into U.S. Treasuries and a sharp counter trend rally in the U.S. dollar—have kept the scenario from playing out."^[59]

In a November 2009 videoblog, Schiff said that five stocks he picked for Fortune Magazine in January 2009 had gained a total of 360%.^[60][61]

In a March 2009 speech Schiff said that it would be impossible for the U.S. debt to China to be repaid unless the U.S. dollar's value is substantially diluted through inflation. In September 2009 Schiff said that "I would not be surprised to see [gold] at $5,000 over the next several years" and that the 2009 stock market rally was a "bear market rally".^[62]

According to economist Paul Krugman, Schiff's Austrian approach to economics led him to incorrectly predict hyperinflation in the United States.^[63]

Political career[link]

Schiff was an economic adviser to Ron Paul's 2008 presidential campaign. In support of Paul's economic revitalization plan, he said: "We need a plan that stimulates savings and production, not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Paul's plan is the only one that amounts to a step in the right direction. If you want meaningful change—for the better that is—Ron Paul is the only candidate capable of delivering it."^[64]

In 2008, Schiff also endorsed Murray Sabrin for the U.S. Senate seat in New Jersey.^[65]

In an interview in February 2009, Schiff's position was summarized as a nonpartisan critique of American policymakers, comparing former presidents George W. Bush to Herbert Hoover and President Barack Obama to former president Franklin D. Roosevelt, with neither of the more recent incumbents comparing favorably to the earlier ones.^[66]

Schiff supports the reduction of government economic regulation, and is concerned that President Obama's administration may increase such regulation.^[67] Schiff says that the economic crisis of the late-2000s provides an opportunity to transition from borrowing and spending, to saving and producing. He is critical of the U.S. government's efforts to "ease the pain" with economic stimulus packages and bailouts. According to Schiff, the U.S. government's approach of replacing "legitimate savings with a printing press" could result in hyperinflation.^[68]

2010 U.S. Senate campaign[link]

In December 2008, Connecticut citizens created a website encouraging Schiff to campaign against the incumbent Senator Christopher Dodd.^[69][70] Approximately 5,000 people made campaign contributions using the web site.^[69] On February 21, 2009, a moneybomb raised over $20,000 for Schiff's campaign.^[71] In a May 2009 video blog, Schiff said that he was seriously considering a run for the senate and when questioned by a Washington Post reporter, he said the chance of him entering politics was "better than 50-50".^[72] In June 2009 Schiff commissioned a poll of likely voters which indicated that he trailed Dodd in popularity by four percentage points.^[73] On July 9, 2009, Schiff launched an exploratory committee and an official campaign website.^[69] He began accepting donations in an attempt to see if "people who really believe in freedom, liberty, sound money and the constitution are prepared to support that with an actual political contribution or to volunteer their services and work on this campaign." He received over 10,000 donations and many e-mails from around the world.^[69]

After giving some hints on The Daily Show^[74] Schiff officially announced his candidacy for the Republican nomination on September 17, 2009, during the MSNBC Morning Joe show.^[18][75][76] By October 2009 Schiff had received more than 10,000 telephone calls and letters^[69] and raised over $1,960,000 (USD) in campaign contributions.

At the May 2010 Republican convention, Linda McMahon received the most delegate votes but not enough to prevent an August primary election. U.S. Rep. Rob Simmons received more than the required 15 percent of the total votes necessary to force the primary. Schiff then collected the signatures necessary to earn a position on the August 2010 GOP primary ballot, submitting at least 400 signatures over the state requirement.

In July 2010, Schiff's campaign received endorsements from Steve Forbes and Ron Paul.^[77][78]

In the Republican primary, held on August 10, 2010, Schiff lost the nomination to Linda McMahon.^[79] McMahon collected 49% of the vote, with Simmons on 28% and Schiff 23%.^[80]

Ultimately, the election was won by the Democratic Party primary winner, Richard Blumenthal.^[81]

Broadcasting[link]

From 2005 to 2010 Schiff hosted a weekly podcast named Wall Street Unspun. In October 2010 Schiff began hosting a new radio show named The Peter Schiff Show. The show is broadcast weekdays from 10am-noon ET on internet and terrestrial radio. The show has featured guests such as Ron Paul, Rand Paul, Niall Ferguson, Dennis Kucinich, Rick Santelli, and others.^[82]

Books[link]

Peter Schiff is the author of six books published by John Wiley & Sons. His book, Crash Proof 2.0, appeared on both the New York Times and Wall Street Journal bestseller lists.

• Crash Proof: How to Profit From the Coming Economic Collapse, February 2007, ISBN 978-0-470-04360-8 1
• The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down, 2008, ISBN 978-0-470-38378-0 2
• Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition, September 2009, ISBN 978-0-470-47453-2 3
• The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, Or Sideways, 2010, ISBN 0-470-64399-4 4
• How an Economy Grows and Why it Crashes, 2010, ISBN 978-0-470-52670-5 5
• The Real Crash: America's Coming Bankruptcy---How to Save Yourself and Your Country, 2012, ISBN 978-1-250-00447-5

References[link]