Hello everybody and thank you for tuning into the Liberty Report.

With us today as Chris Rosini, our co-host Chris, welcome to the program.

Dr. Paul, it is great to be with you and we are going to start today's show.

We want to address a common question that we get and the question is,

why do you talk so much about the Fed's constant manipulation of interest rates?

You know that's a fascinating question, it's a fascinating subject too because it's something that

although the markets talk about interest rates all the time and they are significant

and they have a lot of effect on investment and they have an effect on the gold price as well.

But the whole thing is, there's very few people understand exactly what's going on.

Not too infrequently when I'm on a business station and I'm talking about this

and suggest that the market should dictate interest rates, they look at me, what do you mean?

They think the Federal Reserve's job is to manipulate interest rates and that's how they do the

economic planning and I talk a lot about it because there's a lot of misunderstanding.

For right now we see the Fed is deliberately raising interest rates because they had deliberately

kept the interest rates very low. It's nothing near the market rate of interest.

In the market rate of interest is crucial and a free market economy gives a lot of information.

How much money is being saved, how much money is being sent, and how much investments are being made.

So all this activity but once the government and the Federal Reserve interferes with the interest rates

then that distorts it and that's why we have the chaos we have here. That's the symbol of the

instrument that the Fed uses to complicate our economic system and that is where we are today.

One thing is, as you know prices are going up, there's a lot of inflation, people trying to figure

out what to do. One thing that I have discovered is that this whole notion that as interest rates go

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