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This video was created by Aravoth (www.youtube.com in December of 2008, shortly after the Bush/McCain/Obama Bailout was signed into law. Aravoth titled this video “US 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 US 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

25 Responses to “Obama & His Socialist Economists Should Listen to Ron Paul & Peter Schiff”

  1. Weeth says:

    Oh, an aside: I agree with you on the subject of wars. They are counter-productive and should be strictly defensive/last resort.

    …however, government health and education spending certainly has NOT suffered any cuts as a result. In fact, both education and health have seen considerable increases in federal funding, even as we fight two wars. …..hence the 12 trillion dollar national debt. Oh well, at least we’re getting a superb education system.

  2. Joe402 says:

    The education system is systematically neutered by Republicans to produce a steady base of Republican voters.

  3. Weeth says:

    Any reason you didnt respond to my question regarding our real discussion on the origins of the economic meltdown?

    and regarding your education comment: huh? That is a complete non-sequitur. The education system is controlled by almost complete government monopoly. It is extremely well funded.

    P.S… The majority of public school teachers are middle-age, liberal, Democrat women. But I digress. This is irrelevant. Don’t care.

  4. pythos82 says:

    I think that number has something to do with the so called “unfunded liabilities”

  5. pythos82 says:

    Damn Michelle Malkin…why’d you have to go and ruin my fantasy about you by dogging on Ron Paul like that.

  6. wethepeopleUSA2012 says:

    Watch Youtube videos: The Health Care Bill: What they DON’T want you to know!

    &

    wethepeopleUSA2012

  7. jorel5592 says:

    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

  8. kimkim04girls says:

    I hate posting on these, but let me add that the government okayed this crazy “stimulus”, GM, and “cash for clunkers”, so what we have spent on the war seems silly at this point. Natonalized healthcare is just another disaster waiting to happen.

  9. Joe402 says:

    “Natonalized healthcare is just another disaster waiting to happen. ”
    Well if we keep caving in to Republicans and water down the health care like we did the stimulus bill then yeah it’ll suck.

  10. Joe402 says:

    The answer is always tax cuts.

    *Social programs get underfunded*
    *poor people get screwed*

  11. mojdfiv says:

    I think some of you need to wake up, Democrat, Republican, it doesn’t matter… Nearly all are pawns bought and paid for in one way or another. Look at the last 30 years, has anything really changed? Have they ever really listened to the people? They do what they told to do, by the elite few that really control this government. Change that we can believe in… Were getting change alright, but not the kind of change we were expecting.

  12. JinGwee says:

    @oblisk47: the only way americans can get out of this financial mess is to let recession run its course. it’s a natural correction to all the excesses that the US has created for a few decades. what the US has done time and again during recession was to keep on pumping credit into the system, thus inflating a bubble that is already very inflated.

  13. hazeisgood says:

    great music, great info., great video

  14. hazeisgood says:

    and GOD are we freaked

  15. MrSoNord says:

    I advise you to read the bill. I would assume you have no idea about it’s actual substance. Stop talking about republicans and democrats. Focus on the facts.

  16. bnz500 says:

    AMERICANS ARE FUCKING STUPID. Youre freaked either way. HAHA.

  17. charlesparenteau says:

    Spend your way in!!hell yeah
    Spend your way out??? WTH

    IF you have futur project for your kids,its all in jeopardy,only because of your government and your rotten congress!!

  18. Hawkdeer says:

    Great video.Unfortunately the music is too loud. It makes the speakers a little hard to hear at times.

  19. corneliuscomedy says:

    Even without the music, the video has a powerful influence over viewer, but in a way that provokes anger, not hope…

  20. eliden says:

    what music were used in this video?

    it is very inspirational.

  21. TheFirstCaller says:

    CLOSE THE FED

  22. hotel2051 says:

    We might as well voted for osama bin laden to finish the job.

  23. TheAutiger13 says:

    Great video

  24. mongoose704 says:

    @hotel2051 No, we have our own leaders to do it for him because if Osama Bin Laden’s goal was truly to “attack freedom”

    we lost more freedoms to the attacks of our own leaders.

  25. Pdrum2 says:

    Your making this into a movie this reality

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