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 this morning. Good morning, Dr. Paul. How are you this

morning? Doing well. Good. Doing well. And we hope we can make the world a better place to live in,

more peaceful and more prosperous. But the rate we're going, I'm not so sure that the problems are going to be solved

in Washington.

They reflect a lot of desires, a lot of ambitions, a lot of greed, and a lot of stupid ideas,

and things have changed since the founders gave us an outline on what we ought to follow if we

wanted peace and prosperity. And now we're a bit in a mess, and yet there are two parties fighting

it up. One party's right and the other one's wrong. That's what they tell us. But I happen to have

to come to a conclusion that there's too many similarities with the

two parties and we don't see much difference.

Gold is in the news and it should be.

It was one of the superficial, at least, but serious issues that prompted me to speak out

about the monetary issue and how that would, of course,

occurred in 1971 when we admitted we were bankrupt and we would not honor the dollar at $35

and out. So we literally started the bankruptcy rolling along. And yet today, it's still existing, and it's permitted the deficit spending that I assume

would happen, and now we're up to $30-some trillion, and people are predicting not too long,

it'll be $40 trillion, and if it doesn't get stopped, it's going to go much higher than that.

But the interesting news today, the gold is not soaring today, at least when I looked at it last,

but it's $3,000, which is soaring since 1971 when it was $35 an ounce and I believe it's the

direct relation there's a direct relationship between the value the dollar

the nominal dollar the nominal dollar amount for gold and and that's going to be

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