Hello everybody and thank you for tuning in to the Liberty Report with us today as Chris Rosini our co-host Chris

Welcome to the program

Dr. Paul it's great to be with you again very very good

You know in the past week one of the most interesting thing going on in the economic field was this announcement by the president

and the

Plan the implication of releasing oil from the strategic petroleum reserve

Or you know we know everybody's in nosors inflation

Which they don't define correctly of course the prices are high and people are worried and gasoline prices are going up

So there's price inflation going on and of course our argument is it comes from

The Federal Reserve and the Treasury printing too much money devalue into currency. That's what it is

It's too much money and the devaluation of currency because we spend too much money

So where everybody knows that but nobody wants to cut spending you don't be right near it

I think even time you don't go on say we're cutting the cutting this and cutting this and we're bringing our troops home because you would

Be in serious trouble but but anyway

Don't button had to do something so he did what most politicians have done in the past try to manipulate the prices

The worst time the in my lifetime even though it's been done several times is the wage and price controls

The ones that Nixon put on 71 was atrocious and caused a very very difficult

Decade in the 70s. Well

Biden has a long way to go to catch up to what Nixon did

But he had to do something so he said well the price of oil is too high

We have to lower and we have we have this oil stashed away in a hole in

Louisiana and Texas but it's safe and secure there that's in case there's there's a strategic

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