Ron Paul meets with CNBC on 11/30/2011 to discuss the meeting of the top central banks from around the world to collectively coordinate a global money printing effort to “stimulate the economy.”

This again shows a complete lack of education in Austrian Economics, which has successfully predicted how and why this very type of action can and will collapse an economy. The fact that this is happening on a global scale is terrifying, leaving few safe havens left to escape to if and when the economy implodes on itself under the weight of all this money printing. It is incredibly destructive and dangerous. Quantitative Easing offers no long term economic benefit whatsoever, and yet carries the risk of reducing the value of all your dollars to barely the cost of the paper they’re printed on.

The following video is a narration of an essay by Murray Rothbard from 40 years ago explaining exactly how and why Quantitative Easing destroys economies. It is just under 44 minutes in length, but offers an invaluable education.

Ron Paul has been a student of the Austrian School of economics for decades, allowing him and the majority of students in the Austrian School of thought to correctly predict every major economic event of the past century. Ron Paul’s incredible economic savvy has allowed him to see the incredible danger of a central bank like the Federal Reserve, and exactly how it regularly causes booms and busts through its market manipulation.

Herman Cain on the other hand is a student of pizza making and political propaganda. He went so far as to serve as the director of the Federal Reserve Bank of Kansas City. Cain has shown his understanding of economics is abysmal, and his interest in learning the subject is zilch. Cain not only believes what he’s been told, but he adopts that very propaganda as his own platform.

Please America, do not be so foolish as to give the reigns of America to someone as unskilled, naive, and ignorantly cocky as Herman Cain. What really needs to happen is for Herman Cain to sit down for a couple years and let Ron Paul educate him on actual sound economics, banking, monetary policy, and the rest of the genius that Ron has developed over the past 30 years.

America is nearing the depths of economic catastrophe – Ron Paul is the only man capable of protecting you, your family, and your life’s savings. Please be smart.

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