Hello, everybody, and thank you for tuning in to the Liberty Report.

With us today is Chris Rosini, our co-hosts.

Chris, welcome to the program.

It's great to be with you, Dr. Paul.

Very good.

I'm going to talk about something everybody's interested in,

and most people don't understand a whole lot about it, but they have to have to use it.

There's a few people with the administration and the financial industries and the corporate industry that know a lot about it, and they seem to do all right.

And I'm talking to manipulation of the money system and who really benefits.

And, of course, I complain that the rich you don't seem to benefit.

But if you have a crack-up boom that Mises warns about, it's hard to protect everybody.

And we're going to go over some of the finances that suggest that maybe things are getting desperate.

And I want to start off with what they did just a day or two ago.

There was a sale for financing government bills. And the headline on Zero Hedges record

$100 billion in treasury bills issued as U.S. debt crisis turns desperate. And these were short term, and that was a record to have this necessity.

But it's also a sign that people don't want to go out long. And generally what happens under these conditions, the long bills and bonds, those rates will go down because nobody wants them.

You know, just think how long it's been going on in the last several years or decade.

People think that a 30-year bond should get a lot more interest.

Now, who would invest for a business region

or to save money for their kids' college buying a bond? But now they're buying shorter term.

That hasn't happened in a huge manner, but I think that's going to happen. But this $100 billion is just astronomical.

And there are some other indications that there's hints that this thing is getting out of control.

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