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Ron Paul Liberty Report

Tariffs & Manipulating Interest Rates Never Work - with Phillip Patrick

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.2K Ratings

🗓️ 1 August 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

Don't miss this very insightful conversation with Birch Gold Group economist Phillip Patrick. To receive free information from Birch Gold, please text RON to 989898.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, everybody, and thank you for tuning in to the Liberty Report. Today, we have a special guest,

0:06.5

Philip Patrick, from the Birch Gold, and he's been with us many times, and guess what we're going

0:12.4

to talk about today? We're going to be talking about gold. Philip, welcome to the program again.

0:18.9

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

0:21.2

Very good.

0:22.3

No, we always talk about up-to-date items, and the economy provides that, and gold provides it,

0:30.1

monetary policy provides that.

0:32.4

But today, we awaken, and although people have been a bit euphoric the way I describe how the response so far to

0:40.5

Trump has been. They've been very happy except for the last week. Things seem to turn a little bit

0:47.3

differently. But today, for many people, it was a shocker because if you see, for people who have watched gold, as you have

0:55.8

for a long time, and we know the significance of gold, but to see some of the charts now say,

1:01.3

gold went up 60 bucks before, that does get our attention. But we don't talk about the price

1:07.6

of gold. We talk about the value of the dollar. And that to us means that the

1:13.4

dollar is going down and there has been some positive things. And we, we hear at the Liberty Report,

1:21.3

make an effort that when Trump does something that looks good and if he follows through, it'll be good. So we haven't been

1:29.3

after him. But right now, this looks like maybe a significant setback, but it's an expression now

1:38.9

that the market is realizing some of the things that we have been worried about, such as tariffs and spending,

1:45.8

and what the Fed's going to do and a fight between Trump and a Powell on who's the smartest

1:53.0

man in the world to know exactly what interest rates ought to be. So welcome to the program

1:59.2

and what's on your mind this morning.

2:03.2

Yeah, a lot, a lot.

2:05.7

As you mentioned, gold prices shot up this morning.

...

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