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

With us today is Chris Rosini, our co-host, Chris, good to see you today.

Great to be with you, Dr. Paul.

Good.

We're going to address the subject from an economic way about what the war does and what

it does to inflation, because the two go together.

But I've maintained that sometimes the definition of inflation and understanding the economics

of it always gets distorted and is described in political terms.

And that's why even the economic reports, you have to be wary of, because when the government

does it, they may have something out on their skin.

There may be a benefit, they think they're going to get it if they change it.

But there was a lot of activity in the past week, about a week or so ago, the gold market

was really hit hard and went down after one of the PPI reports were out and it sounded

like, well, it should be going up, but it actually went down and as soon as they get

in the last year, as soon as they got anywhere near 1900, there was usually a sharp correction.

And yet today, this week, there's a tremendous difference.

But right now, I think the thing that's putting the most pressure and the interest is the

war, even with the war starting, gold didn't jump up because there must not have been

a conviction.

But I think the way things are going there that is.

So perception-wise, that is the reason.

But just that perception, it makes sense, but the perception itself is not the inflation.

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