Hello everybody and thank you for tuning in to the Liberty Report with us today is Chris

Rosini our co-host Chris nice to have you with us great to be with you doctor Paul very good

this talk about money and gold and Congress and all the minor elements that we have to put up with

but there was one thing that I will want to touch on in our rigorous segment and that will be

the issue of philosophy so I want to deal with that and how that has worked into the system of

inflation but I wanted to comment a little bit on what was going on this morning because sometimes

I will listen to a business report and think oh that means there's inflation that means gold

should go up but that doesn't it that's not the way it works you know sometimes the markets are

perverse to what it actually happens it takes maybe 10 minutes maybe takes an hour maybe

takes two days or a week for them to settle in one was today that the inflation single C the

CME was a PCE was a little bit higher than they thought and we think well that would be

that would be inflationary maybe people would perk up gold a little bit no they thought oh it

might lower it might raise interest rates to deal with this and therefore people will go to the

dollar the dollar go up and therefore gold has to go down but those are short term things and

it's really difficult that's one of the reasons why I think it's very difficult to speculate on

gold minute to minute hour to hour day today instead of looking at the big picture of what gold

really is of course today this morning you know what have we been putting up for weeks

the on again off again debate on the solution to the the debt ceiling and we've talked about that a

lot and they talk about fear of mongering with there's going to be a default if we don't do

something of course my argument is they're defaulting all the time and that's just a distraction

from dealing with what the real issue is and that's a big government because even though

there's one party that talks about being more fiscally conservative it's a bipartisan issue there's

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