Does Yellen Make Any Sense On Trade Policy With China?

Ron Paul Liberty Report

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4.9 • 2.3K Ratings

🗓️ 16 June 2023

⏱️ 27 minutes

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Summary

Treasury Secretary Janet Yellen warned this week against "decoupling" U.S. trade with China. There's an old saying that if goods don't cross borders, armies will. It should be obvious to everyone that cutting trade with China would be disastrous, and war with nuclear China would be catastrophic. America can be economically competitive again, but it's going to take a drastic reduction in the size and scope of the federal government. That's where our energies should be focused.

Transcript

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0:00.0	Hello everybody and thank you for tuning in to the Liberty Report.
0:05.1	With us today's Chris Razzini, our co-host, Chris, welcome to the program.
0:10.4	Great to be with you Dr. Paul.
0:11.8	Very good.
0:12.8	Today we're going to be talking about China and our relationship with China and trying
0:17.5	to point out a few things that are instrumental and very important to deal with is trade policies
0:23.7	and we're going to quote from Secretary of Treasury, Yellen, because we have to clarify
0:31.6	something.
0:33.0	If you're not careful, you can read something she said this week and say, what has she
0:36.8	lost her mind?
0:37.8	Has she joined us?
0:38.9	Had believe in free trade?
0:40.6	Well, we'll talk about that a little bit.
0:43.4	But before we do this, we want to go into a subject we talk about usually on Friday
0:49.8	a morning to emphasize the importance of gold in the economy and investments and history
0:58.2	and whatever.
0:59.2	Gold to me is interesting because a long time before I was born, they were talking about
1:04.2	like 6,000 years ago.
1:06.2	They knew my gold as being something very, very special.
1:10.7	And certainly since 1971, I've paid a lot of attention to it because that was the last
1:16.0	link of our dollar to gold.
1:18.9	And gold was that time, $35 an ounce.
	...

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