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Ron Paul Liberty Report

"Shrinkflation" -- A Result of The Shrinking Value of The Dollar

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 9 February 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

When politicians spend money that they don't have ($34 trillion+) the Fed has to counterfeit money into existence. Everyone then has to adapt to the dollar losing value. Companies too have to adapt, by cutting costs and via "shrinkflation" (i.e., charging the same amount for less product). The companies aren't being "greedy." They're just adapting to actual greed -- politicians spending money that they do not have.

Transcript

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0:00.0

Hello everybody and thank you for tuning into the liberty report.

0:04.0

With us today we have Chris Rosini as co-host.

0:07.0

Chris, welcome to the program.

0:09.0

Great to be with you, Dr. Paul.

0:11.0

Very good.

0:12.0

We're going to talk a little bit about

0:13.7

inflation. We've talked about inflation in the past and there's still a little bit

0:18.2

of misunderstanding. We came across, actually you came across a statement made by not our favorite senator.

0:26.0

The senator that we're going to quote is Elizabeth, Elizabeth Warren.

0:32.6

And she talks a lot about monetary policy and she's talking about the dollar and

0:40.0

the banks aren't behaving and that there's way too much problems in the country and

0:46.7

that the people, it's all due to, because people are greedy, you know, greedy business

0:52.2

people,

0:52.6

greedy bankers, everybody's greedy.

0:55.5

Nobody's greedy in Washington.

0:57.6

They're a different type of greed.

1:00.8

They're greedy for power.

1:02.3

Then they use their power to make their

1:03.8

money. But that's the preference I have. But she's been complained about that. So we will be talking a little bit more about that.

1:15.4

But the one thing that subject she brought up, and I know we've mentioned this once before,

1:21.2

because one of the symbol the bad

1:24.0

symbol of what goes on when a country destroys its currency is they try to

...

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