Hello everybody and thank you for tuning into the Liberty Report with us today as Chris

Rosini our co-host Chris good to see you. It's great to be with you again Dr. Paul.

Okay as we often do we want to talk today about the economy in general but more specifically

that little organization that's been floating around here since 1913 that we would like

to abolish we need to talk about them because they have over these many years gained a lot of power

a lot of power and they thought that all they could get over that would be wealth for the wealthy

and take care of everybody and throw a few crumbs to the people to pacify them. The only problem

with that theory has been the fact that the people may rebel about getting the crumbs and they get

crumbier all the time and yet the markets keep going up and down and up and down and some people

make money in both cycles when the market is up fine if it goes down and they make money too

and that causes a lot of resentment I think that's what we're seeing and there's a lot of excitement

this week. Paul was on again off again should I inflate shouldn't I inflate and you and I and

many other who have an understanding of Austrian economics have have predicted that when they come

to the point of turning off the spicket it won't go easily you know I think it was a year ago so

they tried it and the market went down low and behold and they had to stop doing it. Now once again

they were going to shrink the amount of money they were going to take out of the system because

they were taking a hundred and a hundred and twenty billion dollars in a month and shrink it in order

to say well we are dealing with inflation this inflation is just transitory and we can handle it

but low and behold I think the predictions of the Austrian economists were correct in saying that

it's not that easy you're going to run into trouble and it won't last long the attack on inflation

to technically speaking that's what has to be done but the way they were going it would never have

worked that you you have to stop the inflation which is printing the money and spending on it so

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