Hello everybody and thank you for tuning in to the Liberty Report.

Today we have a special guest, the economists from Goldberg,

gold, and he is here with us once again and that is Philip Patrick and Philip welcome to the program.

Thank you so much for having me Dr Paul.

Very good.

We'll be talking today a little bit about budget,

and you've done a little bit investigating there,

and I assume from the little note you sent me

that you're not too-gun-ho over Biden's budget, wouldn't be surprised, but we'll talk about budgeting

and how that affects the economy.

But also, before we start, I want to talk a little bit about what's gold has done in the last couple of days.

You know a couple days ago gold was up a little bit and then the chairman of the Federal Reserve boy came in and said,

oh, we're not going to lower interest rates, you know, and what astounds me,

and I'm sure you're quite aware of how just one or two words might make a big difference

when is the Federal Reserve Board Chairman.

It also to me reflects the fact that they don't know what they're doing anyway, but you know he announced it

No, I'm not going to lower interest rates and the market goes wow boom down and and yet today you know one day later you know oh no he had

an exception he said that I don't want to do this. I have to be cautious. I have to protect the economy and all that stuff.

He says unless there's sudden labor deterioration would hasten the cuts.

So he always has an exception. So I was wondering

whether today might have been that exception because today gold prices

see a bounce as US weekly jobless claims rise to

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