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Ron Paul -- How to End the Current Economic Crisis

February 28, 2009 | 86,607 views

Ron Paul explains how to alter the financial landscape of our country for the better: end the financial crisis by ending the Federal Reserve. In the second video, Peter Schiff tells you how the U.S. stimulus plan that was signed into law last week will instead make the problem much, much worse. And in the third video, hear Dr. Paul discuss the stimulus plan on CNN"s American Morning.


 

Dr. Mercola's Comments:

Congressman Ron Paul (R-Texas) is one of the few voices in politics that is absolutely aligned with the same principles espoused and intended by the founding fathers of the United States.

His is a voice of reason and sanity, and one of the few courageous enough to point the finger of blame where it belongs, in large part on the Federal Reserve.

The Federal Reserve system is a primary cause of inflation and one of the reasons why your financial future is unstable, insecure, and likely to include more inflations, recessions and depressions, like the one going on right now.

We got into this mess, as Paul says, by spending too much, running up debt and printing too much money. Now, on the heels of another just-passed “stimulus” package, Paul explains that this move will only delay recovery and prolong economic agony.

The Bailout Already Tops $8 Trillion … Why Might This Make the Economy Worse?

A recent article from the Association of American Physicians and Surgeons reports that the bailout already tops $8.7 trillion. They break down the “$8.7 trillion in taxpayer commitments for loans, guarantees, and other goodies for businesses and distressed homeowners.”

There was an article published last week that the U.S. debt is in excess of $65 trillion, which is more than the GDP of the ENTIRE world.
 
According to AAPS, the bailout includes:

• More than $1.5 trillion in Federal Deposit Insurance Corp. loan guarantees, including a $139 billion assist to the lending arm of General Electric Corp.

• $1.8 trillion in cash, tax breaks, and loan guarantees doled out from Treasury to taxpayers, financial institutions, and credit companies

• $300 billion for homeowners from the Federal Housing Authority

• $25 billion to auto companies from a program overseen by the Energy Department, which is separate from the bailout proposal that failed in the Senate

• $5 trillion in new money, loan guarantees, and loosened lending requirements from the Federal Reserve Bank

Said Bianco Research President James Bianco:

“If you total in today’s dollars the cost of the New Deal ($500 billion), the Marshall Plan ($115.3 billion), and the Louisiana Purchase ($217 billion), and then add the race to the moon, the savings and loan crisis, the Korean War, the Iraq war, the Vietnam War, and assistance to NASA, you only get $3.92 trillion -- not even half the taxpayers’ exposure today.”

Ron Paul was one of the few who actually predicted the U.S. economic collapse years before it took place, and now he is predicting that the latest bailout will only make the economy worse.

He points out that Congress should be cutting spending, not increasing it, and instead putting the control of what to spend on in the hands of the people … not the government.

Unfortunately, the United States appears to be addicted to easy money, the inflationary programs of the Federal Reserve, and deficit financing. As Paul said regarding the last bailout involving the U.S. housing industry:

“If we quit, there will be pain, but if we don’t, we’ll kill the patient; in this case, the dollar.”

Ron Paul Campaign Response To Stimulus Package

Thought it would be helpful to actually quote Ron Paul’s Campaign for Liberty, which was published last week:

“President Obama promised transparency and accountability in the legislative process, but the details of the bill were negotiated in closed-door sessions. Then, only a very limited number of physical copies were made available.

In addition, lawmakers had less than 24 hours to review the over 1,000 page bill before the vote was taken, hardly enough time to read a bill with such critical implications for our economy.

So far, one thing is clear from these early weeks of the Obama administration:

Barack Obama has brought no real change to Washington.

He is continuing the reckless spending and out of control debt of the last administration. He is playing the usual Washington games of partisan bickering and exempting those who work for him from standards required of every other American. His “stimulus” is packed with lobbyist payoffs and special-interest pork.

Barack Obama is right about one thing -- we ARE facing a serious economic crisis. But he is wrong that “only government can break the vicious cycle.”

Big Government economic policies are the cause of the cycle, not the solution!

Reckless spending and socialist meddling will only prolong the economic turmoil our government has created. We cannot allow the new administration continue down this same destructive path.

Only fiscal restraint, free markets, and individual liberty can return us to stability and prosperity."

Click here to see Dr. Paul discussing this pork-laden spendfest and its hurried passage on CNN"s American Morning.

What You Can do to Change the Economy for the Better

One of the biggest dangers facing the U.S. economy is fear. Once you become afraid and focus on your financial fears, you put your intention on what you don"t want. By doing this you activate powerful natural forces that tend to provide you with whatever thoughts you are attaching strong emotions to.

So the more you fear a financial collapse, the more you are actually focusing on having that very event happen.

This is clearly something you want to avoid doing, so stop being afraid of the economy.

It is important for you and your family to CANCEL any negative thoughts about the current financial situation in the United States. I simply yell "Cancel!" and imagine a large red diagonal line going through any image I don"t want. The more you and others do that, the more likely we will all reap the benefits of this positive focus and intention.

You can also use the Emotional Freedom Technique (EFT) to help release negative financial thoughts that are bothering you and to help secure financial abundance in your life.

Additionally if you have any assets invested you might want to consider switching a portion of them over to precious metal commodities like gold and U.S. junk silver coins that will serve as real currency when the U.S. dollar collapses.

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