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

Today we have a special guest on with me.

His name is Philip Patrick and he's the specialist in Precious Medals,

Economist at... specialist in Precious Medals, Economists, at Birch Gold Company.

We've worked with him for years.

He's been on our program before.

But Philip, welcome to the program again.

Thank you so much for having me, Dr. Paul.

It's an honor as always.

Well, very good.

And today I think we're going to talk about

debt, I think you have an opinion about debt.

I think you disapprove of all this monstrosity debt

as most of our viewers of this program because it makes no sense and one of the reasons

why so much debt is because we don't have sound money.

Debt is run up and not wealth.

So there's some of these people, Philip, I'm sure, over the years, what they think is if you print

more money you have more wealth and the wealth comes from that paper stuff which is absolutely not true matter

fact it just dilutes the wealth so we want to talk you came across and

pointed out to me an article by a friend of mine and that is Steve Forbes and he has a real

interesting article out and he's been writing about this for years and he has an article out right now this is the signs are there the gold

standard is coming back and he's he's a he's a wall-streater but he's an independent thinker and I've known him over the year as a matter of fact he came to Texas one time I was in a close congressional race he came in and campaigned with me.

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