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Ron Paul Liberty Report

Trump vs. Powell: Fixing Rates Is A Fool's Errand

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 25 April 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

The feud between President Trump and Fed Chair Powell is really a fool's errand. Neither can possibly know what interest rates should be, simply because interest rates are derived in the marketplace. Price fixing, by either the Fed or the President, always ends us creating economic malaise. The Fed should not exist because there's no way to properly fix prices, and counterfeiting is unconstitutional and immoral. The current posturing between fails to get us closer to ending this anti-American institution.

Transcript

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0:00.0

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

0:04.4

With us today, we have Chris Rosini, our co-host.

0:08.4

Chris, welcome to the program.

0:10.6

Happy Friday, Dr. Paul. Great to be with you.

0:12.6

Good. Guess what? We're going to talk about finances, and maybe we'll hit around that.

0:16.7

We're going to talk about the Fed and some of the nonsense going on there.

0:26.6

Many, many people, pundits now are talking about, you know, what this means. And of course, I've spent a year or two talking about what it means when you have a central bank,

0:32.6

what it means when you don't have a definable unit of account for the world,

0:40.3

you end up with a mess, and that's what we have.

0:44.3

So it's a big, big issue.

0:46.3

But gold always is a big issue,

0:49.3

and at times of this, when there's economic turmoil

0:53.3

and there's too much spending, and everybody explains what they can do and will do and what will happen.

1:00.0

And it's interesting that the fears were actually started back when they created the Fed, and certainly when they took away the gold ownership of the

1:13.6

American citizen. So the predictions were there, but they were correct, but there was no way to know

1:18.6

how long the people would put up with the nonsense. Instead of, you know, the handwriting being on the wall and the people giving up on the whole system,

1:26.6

what they did, they, you know, the people giving up on the whole system what they did they you know the

1:29.2

people doctored it up and we had so much wealth and we still do a lot of wealth and a currency that

1:36.9

is still kingpin but quickly more quickly than ever diminishing as the most important currency of the world.

1:47.0

So we have this going on, and this is one of the reasons we talk a lot about gold and the history of gold,

1:53.0

and also the reason we work in partnership with Birch Gold Company, because they talk about what individuals can do and one of the

2:01.8

biggest challenges is if you do come around to the subject of believing that

...

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