Hello everybody and thank you for tuning into the Liberty report with us today is Chris

Rosini our co host Chris welcome to the program. It's great to be with you Dr. Paul. Very

good you know today there are lottery releases on functioning of the monetary system a

little bit of inflation out there as the conventional wisdom of Washington calls is you know prices

are going up so that's inflation according to us though that's the consequence of inflation the

inflation is quite a bit different and they refuse to even talk about it they have to make up

the scheme of things or wise up today we wanted to mention a couple things that contributes to

inflation one is fraction reserve banking you know I don't think enough people talk about that

and also this week there was a lot of talk about wages and profits that's the that's the real

enemy we have to deal with that but you know the reports today were a little bit confusing the

stocks went down well we'd expect to go down because the prices were going up more rapidly than

they had to anticipate it so the the market's gone a little shaky about that the stocks went way

down but it was a little bit surprising to some people the gold prices didn't do so well they've

since the opening they were down like $20 now they're now they're back acting more normally

but I think it wasn't that unusual because the immediate people you know invest on a very very

short term they don't go by economic laws like we're more likely to what is it what does it mean

to have a federal reserve and we know what it does to the currency but on a short run the government

can make an announcement and cause all kind of havoc and and that's what happened today because

the immediate reaction oh interest rates are going up nobody will want to buy gold if we're

going to put our money in bonds that interest rates that are rising and also it's the world depends

on the dollar still it's a lousy currency but right now the world's still indoors is it so they

the dollar went up you know on the interchange the market and those were pressures on the gold

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