Obama & His Socialist Economists Should Listen to Ron Paul & Peter Schiff

This video was created by Aravoth (http://www.youtube.com/aravoth) in December of 2008, shortly after the Bush/McCain/Obama Bailout was signed into law. Aravoth titled this video "U.S. Economy: Philosopher's Stone," and it quickly started to go viral. Unfortunately, although the video had racked up tens of thousands of views in a few short days, YouTube didn't display the video on the"most viewed" list. Ultimately, though, the video garnered a few hundred thousand hits before YouTube muted the audio do to copyright issues with Warner Music. Similarly, Aravoth's other famous Ron Paul/Peter Schiff videos were muted by YouTube as well. His videos were instrumental in the 2008 grassroots effort to spread the word about Ron Paul's campaign. Videos such as "Ron Paul House of Cards," "Ron Paul Don't Tread on Me," "Ron Paul Dream On," garnered millions of views apiece.

Ron Paul was a young medical doctor in the 1960s when he first stumbled across Hayek's "Road to Serfdom" and other works that espoused the Austrian school of economics. He came to believe that what the Austrian school economists wrote was coming true in 1971, when President Nixon closed the gold window by implementing the U.S. dollar's complete departure from the gold standard. Shortly thereafter, the young, concerned Dr. Paul decided to enter politics. Over the past four decades Paul has fought tirelessly to warn Americans of the dangers of fractional reserve banking and the Federal Reserve System.

During Paul's 2008 bid for the presidency, he hired on Peter Schiff as an economic advisor. Schiff shares many of the same views as Congressman Paul and along with Paul, was one of the few people to predict the current economic crisis years in advance. YouTube videos of Schiff dating back to 2002 show a concerned Peter Schiff trying to warn the American public that their country's bubble economy was fragile and on the verge of collapse. Although mainstream economists ridiculed and mocked him for the better part of a decade, the financial crisis of 2008 vindicated Schiff in the eyes of many Americans. Schiff correctly predicting the current economic crisis years in advance made him an overnight celebrity, especially on the Internet. When I created PeterSchiffVideos on YouTube in December of 2008, a search for "Peter Schiff" yielded 3,000 results. Today, nearly three months later, the same search yields 10,000+ videos.

Ron Paul and Peter Schiff's efforts to warn the American people about the true state of the economy is the epitome of putting "country first."

If President Obama truly cared about the American people, he wouldn't lie to their face and tell them that "all economists support the stimulus and bailouts." Clearly, not all economists support the stimulus bills. In fact, the only economists and politicians who correctly predicted our current financial crisis all say that the stimulus bills will only make matters worse.

Instead of appointing lobbyists and Wall Street bankers to his staff, President Obama should seek advise from those who truly understand what is wrong with our economy.

Category:

News & Politics

Tags:

• Peter
• Schiff
• Ron
• Paul
• videos
• march
• 2009
• mike
• huckabee
• sarah
• palin
• andrew
• napolitano
• barack
• obama
• glenn
• beck
• housing
• bubble
• stimulus

[hazeisgood]

great music, great info., great video

[jorel5592]

lets give every one tax cuts, so there's more money in there pockets and they can decide for themselves... (JOE402) u have too much faith in your overlords, THEY DON'T KNOW WHATS BEST FOR YOU, YOURMONEY, OR YOUR FAMILY

[ilovelaxin]

I love the metaphor at the beginning! absolutely great!

[turbo6186]

Lets get this video on the top of the views list. Post on FB, Twitter, Myspace, Blogs, Forums and support our Liberty!

[turbo6186]

Ron Paul: The greatest President since JFK. And will be the last to stand up to the Federal Reserve and the Elitists since JFK... RP FOR 2012!

[grecobactrian]

Ron Paul even said Obama was not a socialist.

[grecobactrian]

Obama is not a Socialist. How has the US become more egalitarian? It hasn't. Unemployment remains at an all time high. Obama is a corporatist!

[Elinitsam]

Ron Paul is like a modern day prophet of the United States few heard or listened to. He's like a modern day Noah! The flood coming soon will be this avalanche devaluation of fiat money from printing, interest, entitlements, future commitments, bailouts, corporate welfare, social security, pensions, wars, foreign aid, unemployment assistance, debt, etc. The list goes on. No wonder I'm getting no business despite being in a good business now. No one has a pot to piss in anymore or fear spending!

[leonarddaccardi]

sorry! imeant to say, please send this video to limbaugh and o'rielly

[leonarddaccardi]

superb! however music is too loud. washes out at times. please remix and to limbaugh and o'rielly

[leonarddaccardi]

there was a time when japanese, arabs, and chinese were buying up american property on american soil. nobody is buying now. any thoughts?