Hello everybody and thank you for tuning into the Liberty Report.

With us today we have Daniel McAdams, our co-host.

Daniel, good to see you this morning.

How are you, Dr. Paul?

Very well, thank you.

We have an exciting program today. we have an exciting weekend because we're busy doing some work over the weekend and that will be interesting. But before we get started even getting into some of our

program today I wanted to talk a little bit about the markets because the markets

were jumping around.

I've told people in the past that one of the things I look at early on is what the value

of the dollar is relationship to the gold and a lot of times and I'm always

tempted to say it and I frequently do because everybody say what's the gold price what's

the gold price but really we should condition ourselves to always think what

is the dollar doing in relation to gold in the dollar when the value of the gold goes up,

the value of the dollar goes down and that's

certainly what was happening this morning and it went big time because the

CPI came up and everybody was expecting it and and the Fed doesn't tell the truth they come up with false statistics so

they anticipate they've been promising all along well we're going to lower

interest rates you know at least once next month or two in the markets they anticipated but that's all

fodder for you know Wall Street. Wall Street likes that. So when the CPI came out this

morning one-tenth of one percent, it was exciting because that was, oh, they missed it.

And all of a sudden that doesn't, that means the Fed is not going to lower interest rates

it looks like the market is overwhelming and on and on and it gold was in

...