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.

We're going to talk about economics and we're going to hone in a little bit on Europe.

We have a global economy now and we have always believed we're in charge of it, but the

Europeans have always been tag along but they make a lot of their mistakes by doing

that and they're a big mess and there's been some announcements as they on economic

policy that shows that the Europeans are in bad shape about whether their houses are

going to be warm.

We have a mess here but they've managed to make it much worse over there in Europe.

So this is a real mess and of course it's not unpredictable because we know what

governments do.

We know what our Federal Reserve does.

We know they're the currency of the reserve currency of the world.

So therefore there are going to be distortions.

We take the unit of account which is the dollar that the world uses and we destroy its

definition.

So how do you make planning?

How do you make good decisions?

And one major thing that happens there is that they destroy the most important information

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