Hello, everybody, and thank you for tuning into the Liberty Report. With us today, we have Daniel

McAdams, our co-host. Daniel, good to see you this morning. Good morning, Dr. Paul. How are you this morning?

I have a job for you. Uh-oh. Settle two wars going on. You know, it looks like it's two wars at one time.

Yeah. You know, they wondered whether they'd be a trade war. And I think it's safe to say that

there is, even though I think most people who understood Austrian economics realized that that

was inevitable, just like they were Austrians who could understand why there would be

bubbles and recessions and depression. Now they have other reasons why there's moving into a depression.

But the real reason, of course, is the manipulation by the Federal Reserve.

So we have that war going on, but we have a hot war going on.

Just two minor nations, U.S., we have a few weapons that we can use.

And then also the Chinese.

They've been working their way up the ladder.

But we're still the kingpins.

You never realize it.

We're always crying about how much more money we have to spend on military.

Yesterday we talked about the first trillion dollar DOD budget.

And next year, it might be $2 trillion.

And yet there's way over.

They were getting up in numbers. They can't even come to adding everything else that everybody else spent.

And we ended up.

But there is escalation.

There's a lot in the news. And the one one article here that I have,

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