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Ron Paul Liberty Report

Biden's Bank Bailout Isn't Fooling Anyone

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 14 March 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

President Biden's attempt to reassure Americans that the US banking sector is doing just fine had the opposite effect: banking stocks plunged after he spoke. Will his bailout-that-isn't-a-bailout shore up the economy or are we heading for 2008 on steroids? Also today, another antiwar rally to hit DC this weekend. Finally: House Republicans take aim at domestic spying of Homeland Security Department.

Transcript

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0:00.0

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

0:04.6

With us today is Daniel McAdams, our co-host.

0:07.4

Daniel, good to see you today.

0:08.9

Good morning Dr. Paul, how are you this morning?

0:10.6

Doing well, checking my bank account to find out if there's any money there or whether

0:15.4

the government took it from me yet.

0:17.2

There's sure there's a lot of excitement going on in the financial markets.

0:22.3

No kidding.

0:23.3

You know I saw something in the paper this morning that said that Bill Griffin, who was

0:29.0

the founder of Citadel, he said, breaking down before our eyes, capitalism is breaking

0:35.0

down before our eyes.

0:36.0

He's a good guy.

0:37.0

He's critical of the bailouts and all.

0:39.4

But I got to think, well, when did capitalism break down?

0:44.1

I see, I think back a little bit to set up and the prediction of the breaking down was

0:49.5

there and it looks like today they're patching it together and it calmed down a little bit.

0:56.5

But it's amazing how long the system works.

0:59.2

But we haven't had true free markets in a long, long time and there never been perfect.

1:05.2

But it certainly has been challenged here in the last couple days.

1:08.6

Yeah, it has absolutely.

1:10.1

And you know, it's only been 24 hours when President Biden went on TV to assure everyone

1:15.6

that this is fine, this is fine as the flames were all around him as the meme goes.

...

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