The spirit of this revolution is not going away.
This is the Ron Paul Liberty Report with Ron Paul, Daniel McAdams, and Chris Rosini.
We're all ambassadors of the Ron Paul Doctrine, and it's a success. Just tell the truth.
An idea whose time has come to not be stopped by any army or any cop.
Hello everybody and thank you for tuning in to the Liberty Report. With us today we have
Chris Rosini, our co-host. Chris, welcome to the program.
Happy Friday Dr. Paul. Great to be with you.
Very good, and we have a simple topic today, and we are smart people at this
program at all this understanding. We have economics because nobody knows
how to pay for this war. And of course we have this perfect answer. Don't have
all these wars and you're going to have to worry about paying for them.
Unfortunately they keep doing it and that's what we'll be talking about.
Of course we always wonder what it's going to do to the marketplaces.
The war is not helping the stock markets, not happening the oil markets,
and because of an interpretation on the interest rates the gold has been going up.
But the one typical characteristic of gold under these conditions is it's going to go up
and it's going to go down. But a long term I and most of the people who watch this program
agree that the conditions that are set by our government gold will be a haven.
It will go up in the same way with silver. And we're not talking about
two years of history. We're talking about thousands of years of history.
So that's the reason we do partner with Birch Gold because we want to take
advantage of this and do our best to understand what's going on.
So if you have an interest in what some of the advice comes from the Birch Gold company
and how you can put gold bullion in your IRA accounts, there's a method to doing that.
On the screen there's a number. Ron, 989898 and they'll send you some material.
And you know there will be a lot of people discouraged but this is pretty typical
of the markets. And there's so many variables like politicians, like the printing press,
like the Federal Reserve, like wars being fought. So there's a lot but if we look at history we
find out that the best monetary protection is the precious metals. So once again if you want
to get some information it doesn't cost is text at Ron, 989898 and they'll send you some material.
And Chris, now we want to deal with some very, very important problems
because the people want to want some answers. And you know in my opening I said the best
thing to do is just don't have all these wars and we wouldn't have this problem.
We would have more funds to be left in the hands of the people letting them decide to do with the
money and avoid piling on debt to the people who are trying to make a living. And right now
it's getting more difficult for the average person to make a good living because the
salaries are going down. You'll say oh no, the wages are going up and the salaries are
going up. Yeah but they're going up but not as fast as the dollar is being depreciated.
The dollar value is going down. Why? Because we're spending like crazy. And one thing that's going on
right now is we're in the middle of a war. Oh this isn't a war. We haven't been in a war since
World War II. We just have these skirmishes like this and we're just straightening things out.
Besides, we can always deal with countries that have oil, whether it's Venezuela,
whether it's Iran or the Middle East, Iraq and the people are reassured. That's what bugs me.
How can they be reassured that they're going to go in, spend all this money?
Many people are going to die. Standardly they're going down and say that oh we'll get the oil.
We'll get the oil and that'll take care of it and pay all our bills. So this is one time,
I'm sure it's happened before, one time that is right in our face that usually if we're on a
verge of a war, involved in war, people get worried because there'll be more spending and the
dollar will be pressured. And yet right now the dollar has held up but it hasn't affected the
gold market as of now. But I'll tell you what, on the long term, this is not an unusual,
it fluctuates and it's our job to try to help figure out exactly what this more means.
And we want to start off with Chris giving us a few words about who's going to pay for all this.
And I believe somebody might say I was cynical, just don't have the wars.
But well, I'll tell you what, I'm serious about that because it would be a solution
to not having the problem. But Chris, we have the problem. So you have the burden of telling us
what you think we ought to do with that. How do we pay for this debt? And are we going to pay for
the debt? Yeah, Dr. Paul, we're talking about the costs of wars, wars, plural, because our country,
you know, is constantly at war. And yeah, we're not living in a golden age, Dr. Paul. I hate
to say it, other than gold hitting $5,000, I don't know if Trump, if that's what he had in mind,
I doubt it. But yeah, we pay attention. And the American people are suffering from debts.
And not just having debts, delinquencies are rising for whether it be for cars or their homes,
whatever it is. And we have conferences every year. We talk to people from all over the country.
I always ask about their electric bills, about their gas bills. It's as bad as mine.
So we're paying, we don't get an invoice in the mail for these wars. This is how we pay.
Everything is going up, you know, constantly, no relief. And we would hope that the president
would get the boot off of our neck. This is not the time for another war. But you know,
that's not the way it went. And now we have the Pentagon wanting $200 billion on top of their
trillion to fight against a country whose military budget is $10 billion. I mean, that's how insane
they are with just taking our money. And we're paying for it. Our standard of living constantly
depreciates. Chris, there's one way that for the most part throughout history, these debts
do get paid. And the definition of being paid has to be used cautiously. Because how they eliminate
the debt and how they correct things to get back to work again and get paid with real money,
what they do is they default. They cheat. They say, I'm not going to pay you. You can declare
bankruptcy. But people will do that in a sophisticated manner, especially governments.
I mean, we have deficit of what, $30, $40 trillion. Now, we're not going to pay for that. Most people
know that. And with this current administration, they don't even really think we should worry
about that too much. So the default is diluting the value of the dollar. If you can double the
the size of the money supply, each unit has to go down a value. So you pay off with the
cheap money. And that's how it's worked before. And how long has it been doing this? Well, a lot
in the last 50 years, but really since they invented and remodeled the monetary system
by giving us the Federal Reserve. And guess what? The dollar then was worth the 120th of an ounce
of gold. And now look at it. So the dollar has been devalued. And the default has been
you lose 98% of the value of the dollar over this period of time. But since the city has
it goes on and on, and people get in condition, not a politician really, except for one or two,
will mention the truth about the robbery going on, because we have institutionalized
counterfeiter. Does that mean Chris, that you and I and our program can just do it and get out
of debt and we won't have to work? No, that's not it. They institutionalize it for the government
to default. But who has to really pay the different? And that means the value goes down
and the cost of living goes up, prices of food go up, and it wrecks the economy eventually. And
very often it brings down the entire country and their country with runaway inflation. So that
will be a cost. But that's the cost that not many people want to hear about. And why would
there, why would it be a bipartisan group? There's people talk that we would shouldn't
pay so much, but they're not some sincere. If there are some of those conservative talks in
there and say we need to quit spending, even Trump said we don't need to start a war, we have to
end the wars. But then when they have a chance to do something, what do they do? They keep adding
to it. And you'd wonder why the people get cynical. Yeah, I wonder why they weren't
a lot more cynical and a lot more eager to understand the monetary system than they have.
But of course, 150 years of conditioning through our educational system has something to do
with this death dedication. But the thing that annoys me the most, the people who campaign
and then preach the gospel of a little bit of frugality with the people's money.
Because when it comes to, oh, the war is going on, I can't vote against the war. I mean, the troops
who are in harm's way. Why don't you use the oil? Oh, the oil is all blown up. We can't even,
prices going up. We can't even ship oil. So I think our goal so often, I think, you know,
with the Liberty report is to get the information out that some of these problems
aren't complicated, but they've been made complicated on purpose. And the solution will come
because the market will eventually, you know, take care of the debt that will default on the whole
thing. So but that is not what I think is the best way to do it. But there's not much chance
that next year or the year after we're going to have majority to Congress that will vote with
common sense and gradually reduce it and start with militarism that we have. It's not going to happen.
So that's why preparing and understanding the crisis that's coming is very, very important.
But one way or another, the bills will be paid. And unfortunately, the people themselves,
from all from all different reasons, they will suffer the consequence of this debt overhang.
Chris. Very good, Dr. Paul. I want to talk about the non financial non economic
aspect of the costs that are paid. And it's far more important in my mind,
because it's and that's when I see pictures and videos of soldiers who have died overseas.
Man, do I hate that, even though I don't know this person never would have known them.
I could have known them. It could have been a neighbor. And now they have died.
And, you know, it's honorable to put your life on the line to defend your nation. I give them
the utmost credit for that. But it's they're not defending the nation. That's the problem.
Our soldiers, they take an oath. They are forced to do things that don't defend us.
And they're not even for us for another nation. You know, that bothers me more than anything.
And that's fraud. That's not why these people have given their lives. You know, the soldier
takes an oath. The politician takes an oath. The politician's the one that breaks it.
He's the one that sends the soldier to die. And our politicians are very open about it.
I mean, our president had a feeling. Hey, I thought Israel would be attacked.
And that's how he goes to war. And we have Lindsey Graham from Israel telling us,
you know, I'm back. I'm here every two weeks, whether I'm needed here or not.
This is a senator from South Carolina who brags about being in Israel every two weeks.
That is breaking your oath. That's the opposite of honorable. That's despicable.
And that not only do the soldiers have to pay with their lives, their families pay for the
rest of their lives, their children, their friends. And that is a cost of war, you know,
that's beyond, you know, the debts and everything else.
That's the ultimate cost. And that really bothers me the most.
You know, I mentioned the fact that we hear promises that, you know, if we can take over
Venezuela and these other countries or the Middle East, the American people won't have to
suffer because we'll just use the oil to pay all the bills. But there's a catch to this
because, you know, the people want to do, they think that's a grand idea. But the people who
don't care about it the most is close to what you, you're just been talking about, Chris.
And that is the profiteering with war. You know, you talk about all the people who suffered.
But this is just additional tragedy that the profiteering, the war machine, the weapons industry,
and that is very dangerous for a lot of reasons because they get the money first,
they spend it, they become the trillions, we have more trillions than ever before.
And the wealth gets, that's a contribution to the wealth,
male distribution, middle class gets poorer and yet they're still gullible enough and brainwashed enough
to go along and vote or get their congressmen to vote for this nonsense. So this is, this is one
thing, but it's designed, you know, it's almost like, you know, right now they were running out
of steam for continuing the war in Ukraine and people recognized, oh, I guess it's not as busy
up there right now. But no, now we have another war going on and now we're looking for more.
It looks like the administration can't wait to just get a pause a little bit, you know, over in Iran
because they, they're anxious to go, we got to get Cuba, we need Cuba, you know, this sort of thing.
And there's people who are hungry for this, whether it's oil or real estate or, or whatever.
But the big profits are made in a weapon industry. So the fact that they list thousands of bombs that
have been dropped, half of them maybe didn't do what it was they were supposed to do. And
yet it doesn't matter. Matter of fact, they'd like, I'm sure they would say, we don't want,
we don't want anybody to have to die from this, but how can we make our point
that we got to ramp up the machine and make more and more weapons? And besides, we have weapons that
have to be tested. That's a, that's a despicable way. And people, politicians have been blunt about
this. We ought to try these weapons out. It was almost like we need something to do. So maybe,
maybe a little war against Ukraine, because we know that they're, they're, they're not
liked in the area and they do have plenty of problems to, to get picked on. But, but that is
something that is, is really adds on to it, whether they steal through the inflation,
or whether they just steal outright and the American people vote for it. And then these,
but you know, there's a condition that goes on in Washington. If you have big
spending and military or a big weapon, they divide it up into pieces. Each state gets a
piece of the action. So that when it comes to voting against it, oh, you're gonna, your states,
they do 10% of this job. And so they use it to bribe and pressure people. And that, that of
course is pretty despicable. And just part of the psychology and morality that develops and
actually gets worse when we're at war. And the people don't quite understand why we're there.
And they buy into this, this is a holy war. And it's very important that we protect our troops.
Chris. Very good. Dr. Paul, finish up by saying, yeah, the government doesn't realize it,
but their actions end up destroying themselves. You know, they take us down with them.
Empires always end with no exceptions, you know, and America has proven that it's not going to be
an exception. It's just still running on fumes. And it's usually when, you know, they believe
themselves to be Godlike, most powerful. And you know, we're anybody that pays attention to
their president and we do, it's our job. When you read his truth social, I mean, it's, it's bad.
I hope they save all those posts for future generations, because it's so contradictory from
one post to the next, you can't follow anything. It's as if he believes that he's making reality
by the words that come out of his mouth. So this is out of our control, us, you who are
listening and watching, watching. So what, how do, what do we do here? I mean, the best
advice I guess is to take care of your circumstance that you've been given the best that you can.
That's what I have to do. And don't be like the government, be exactly the opposite of them.
Don't be a busy body that seeks to remake others by coercion and force, because that's what they are.
They're the world's busy body that just wants to bully everybody. And don't be like that in
your own circumstances in the world will be a better place even on a local scale and speak
out against what is wrong, you know, and there's plenty of it, you know, where our careers are
based on it, you know, that's where the battle is in ideas, because ideas are the beginning of
everything. Every action starts with an idea. So the more the good ideas are championed,
the better off we'll be. Very good. You know, the trouble was being interviewed the other
day and he made a statement which annoyed me a bit, but that's not new. And the reporter asked him
as they were walking by and and Trump was being himself, the reporter says,
are you afraid if you put boots on the ground in Iran, it could lead to another Vietnam?
One reporter asked, and Trump was, no, Trump shot back. I am not afraid of anything.
So that's the attitude you have. So I just think that the society that we live in today
should be aware of the fact that, you know, you should realize that people should lie
because the government really doesn't like competition, you know, and lie and cheat and,
you know, I think it's a battle between truth and that of nihilism, because people come around
to it with an attitude that they can take something that is as destructive as a war that
doesn't have purpose. And it's brought about in an illegally immoral, unconstitutional
fashion that they continue to do it. So they have to be in denial. And this is one reason why
people lose confidence in the government, which I see is a good thing. The people should be
questioning the government. Look how they had to question the government when they were telling us
how to handle the COVID crisis. And tragically, it's probably not hard for a lot of people in
this country to realize that that was tragic. A lot of people died from that. So this is
something that we should have a lot more confidence in. And the lies shouldn't be told.
And lying pushes these people into the corner because their main purpose is to maintain the empire,
empire and have the power. And the people up there, that one, two, or five percent,
whoever they are, it is probably some decent people in that category that will help in an
honest way. But basically, the people, even they don't see any need for guilt, what they see
is a necessity in aid themselves. It must be easier if you're making billions of dollars.
It might be a little bit easier than harder to adapt to these things. But I just think that
this whole atmosphere that we have, and you can read it, so many things and so many stories on
the paper, who's telling the truth? And it's very difficult. And why I say it might be a benefit
for people becoming skeptical is because you and I, we can't lie, cheat, steal, or kill.
That's a pretty good rule comes from natural law. But when did we decide that if we're not
allowed to do it, as long as we elect people to go and represent us and give us good government
and stuff that we want, then that's okay. They can lie, cheat, steal, and kill, too.
And we see that in the papers all the time about killing. And it's always the opposition
that does the killing. And yet, when I think we blame other people, I think, and I've written about
this because it bothered me so much about the 1960s, when you find out that when the Kennedy
brothers disagreed with the foreign policy, they were assassinated. Martin Luther King was
assassinated. And then, yes, these other countries are terrible. They killed their people, too,
if they disagree. So it's a common practice. But it's one thing that we have to change. People
have to realize that the government shouldn't be able to get away with it. There are attempts made
to try to hold the people in government to the feet to the fire. But it is very difficult
because they're always made to be exceptional. And that's why libertarianism and limited
government and freedom of choice, real choice and volunteerism is so attractive. Because,
historically, I think the evidence is there on my side of the argument that governments don't
do well. They seem to almost always abuse their power. So that is the opposite of liberty.
And America, at one time, were great champions of liberty. And yet now we have filtered away on,
and there's little concern about talking about the Constitution before we go into another war.
As one just winds down, it looks like they're getting ready for the next. And that can change.
And it can only change with more people understanding what's going on. I believe it's
an educational issue. And I believe that our side of this argument, the people that agree with this
are growing in numbers. And I think that's wonderful because you have to have the people
on your side. Just think of what happened when the people got on the side of common sense
with COVID. Things change rather quickly. And that could happen elsewhere because people
can change their minds. And I think that most people would say, would you rather live in
peace and prosperity and have none of this nonsense? We have some of these wars and all.
And don't listen to the garbage that you hear about justifying. Send your kids over. And you
know, there'll be some type of a military hero. Anyway, the problems are great, but the answers
are there. And I am delighted to visit frequently with our viewers. And I want to thank our
viewers for tuning in today. And please return soon.