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

Today, CERCON is my co-host and that's wonderful he's filling in because we had a little bit of change

in and a little bit of change in our personnel. But CERCON, welcome to the program as our co-host.

Thank you Dr. Fall for having me. So Daniel and Chris are both out of town this week. So

it's an honor and a privilege to do this show with you again. I know you haven't had to do before we

begin though. CERCON has been our technician for a long time and he does it by himself and he

does a great job. But today we came up a little bit short on personnel and he was delighted to fill in

and we're glad to have him. But I do want to start off with you know talking a little bit about

what's happening in the markets. You know gold has been up in Don as usual. I've been watching gold

prices since the 1970s and they've been up in Don ever since but there was one thing that dawned

on me in 1971 when Brent Woods broke down that meant there'd be no more guarantee of the ratio

of gold to the dollar. Which meant literally that that was the early stages in admission that we

were on a course of bankruptcy. To me that meant that in dollar terms gold was going to go up and

I was exactly right on that as a lot of other people were right because gold continued to go up.

You know it went from $35 on up to $800 down to $270 up to $1,800 and then a few years ago in

2016 it was at $1,000 and that is when I think the current upswing got in place and I believe that

it's steady. There's no way to know and measure and say bull markets and bear markets but I think

more broadly than that that when you have no definition of the money and you have licensed to

spend this is exactly what happened and it is true. So the people who explain economically what

would happen were correct and the best explanation at the Austrian school has given us about

investments is you may know the trends and you may know what's going to happen but you don't know when

because it depends on the action of millions and millions of people and that human action is

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