Ron Paul Video Compilation / Peter Schiff Video Compilation

I've been following Ron Paul ever since he announced his candidacy for the President. He's the only one that made sense to me: get our troops out of unnecessary wars (which is bankrupting this country), balance the budget by cutting government spending, get rid of the IRS and the Federal Reserve, cut taxes, and leave the government out of most decision making.

I recently came across a financier who has very similar economic views: Peter Schiff, president of Euro Pacific Capital, a broker/dealer outfit. What makes Mr. Schiff special is that he predicted the collapse of the housing and financial bubbles. As you will see in some of the videos I've compiled, he never backed down in his beliefs while other so called "experts" were laughing at him (unsurprisingly some of these fools are still making the rounds of business-related talk shows).

Like Ron Paul and Peter Schiff, I believe that America is headed for an eventual economic collapse unless the government does things differently--mainly stay out of the way of the free market. Unfortunately right now, the opposite is happening.

Here's a compilation of recent videos of both men that pertain to the financial bubble, the government bailouts, and the future of America.


Ron Paul Video Compilation

Ron Paul Explains How The Financial Bubble Was Created
Sample quote: "When a federal reserve system, a central bank creates easy money, easy credit and has interest rates lower than they should be, business people do the wrong things, they make mistakes--it's called mal-investment, and we've been doing it for a long time, it causes financial bubbles and they have to be corrected. Actually recession is therapy for all the mistakes..."

Ron Paul talks about how to balance the budget and takes a snipe at economist Paul Krugman and other Keynesians
Sample quote: "If they're still winning the Nobel Prize we're in serious trouble"; "The culprit really, is the Federal Reserve, the monetary system, and this spendthrift Congress that we have and government."

Ron Paul discusses the financial bubble at a Congressional Financial Services Hearing
Sample quote: "If we got here by spending too much money, borrowing too much money, inflating too much money, the Federal Reserve too involved in central economic planning through manipulation of interest rates, and the Congress passing too many regulations--as long as we think that's benign, has nothing to do with it, then I guess it seems very logical that we come up by spending more money, borrowing more money, printing more money, and writing more regulations and think we're gonna get different results."

Ron Paul schools Bernanke on the bailout plan and the Great Depression
Sample quote: "In the depression we tried to fix prices, which is exactly what we're doing now... The Austrian school of economics... their key point is, don't mess around with prices because if you do you become socialistic... Here we are in price fixing again. You say that part of your mandate is price stability. I hardly think that price stability comes by price fixing... The Federal Reserve is not smart enough, Treasury is not smart enough, Congress is not smart enough to know what prices are. So I think that is the greatest danger what we're doing here is we're price fixing and that is what I'm convinced prolonged the [Great] Depression in the 1930s..."

Ron Paul on the Auto Bailout
Sample quote: "We are on the road to nationalization!!!"

Peter Schiff Video Compilation

Peter Schiff predicting the financial bubble in 2006-2007!

Peter Schiff: U.S. Banks are worthless!
Sample quote: "They might as well flush their money down the toilet!"

Peter Schiff on the Auto Bailout
Sample quote: "Government money isn't going to fix the problem, it's simply going to perpetuate the problem. First of all two wrongs don't make a right. Just because the government illegally and improperly bailout Wall Street doesn't mean they have to make the same mistake with Detroit."

Peter Schiff predicts doomed economy under Obama
Sample quote: "It can get very bad. I've talked about the prospects of hyperinflation in the United States and that's something that we're actually dealing with. The government is really trading inflation for depression right now. They think they can inflate their way out of this problem, but they can't, and the underlying problem is once the rest of the world really senses the direction our currency is going in and once the creditor nations who have been funding our consumption and buying our bonds, once they stop doing that and they will, then the demand for dollars is going to collapse."

Peter Schiff makes 2009 predictions Part 1 / Part 2
Sample quote: "What is happening is Americans are broke. We've borrowed all this money to spend and now we can't borrow any more mainly because the creditors have reached their limit, they don't want to lend any more, so the government is borrowing for us, but they're forcing us into debt by taking on additional liabilities, but we need to start paying off our debts, we need to start savings again so that we can have money to lend out to entrepreneurs to start businesses, to make capital investments so we can go back to work producing goods instead of consuming them. But the government is simply pouring gasoline on a fire that it set, and it's gonna do a lot of damage with all these stimulus' and bailouts."