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Ron Paul Liberty Report

How Political News Impacts Markets: Economist Phillip Patrick on Gold and the Economy

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 18 July 2024

⏱️ 17 minutes

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Summary

How Political News Impacts Markets: Economist Phillip Patrick on Gold and the Economy by Ron Paul Liberty Report

Transcript

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0:00.0

You know, there's lots to talk about and there's big news out there.

0:04.4

Usually when there's big news in any area,

0:08.0

gold responds.

0:09.4

Sometimes it goes down sharply, sometimes it rises sharply. But you know we've been talking lately a lot

0:16.2

about the president's health and that is a big issue and the unknowns associated

0:21.0

with that and then we had the attempted assassination that is a big deal

0:25.6

but you know even before the attempted assassination and and before we were when we were talking about the health of of the

0:40.5

president what we were doing I thought was it was sort of a distraction.

0:45.1

We have a big problem.

0:46.4

This is a political time and they were talking about, you know, important things like who's going to be the

0:54.2

candidate and what's their platform and all this but sometimes I think that that can be a

1:00.3

distraction because when you look at the things that we're interested in,

1:05.9

Philip, is, you know, like the gold standard, limited spending, cutting back,

1:11.5

and not just talking about it but doing it.

1:15.0

They don't talk very much about that.

1:18.0

They talk about gold in a very limited fashion.

1:22.0

It's not quite the way we talk about it. gold in a very limited fashion.

1:22.8

It's not quite the way we talk about it

1:25.1

because we think somebody who messed up

1:26.8

this gold standard that we had years ago,

1:29.5

but now we have a Fiat standard.

1:31.7

And that keeps you and I and others interested in that and the people at

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