STUART: THEY ARE SELLING STOCKS AND GETTING INTO REAL ESTATE AND KEEPING CASH >>> LET'S CHECK THE PRICE OF GOLD
THAT IS A TRADITIONAL SAFE HAVEN IT'S UP ANOTHER $8, $1484 ON GOLD AT LEAST A SIX-YEAR HIGH >>> BITCOIN, THAT SPIKED YESTERDAY WHEN WALL STREET, THE STOCK MARKET WAS SELLING OFF RIGHT NOW IT'S AT $11,700 PER COIN
I WANT TO BRING IN RON PAUL, FORMER TEXAS CONGRESSMAN, FRIEND OF THE SHOW SIR, I ALWAYS THINK OF GOLD AS THE GO-TO SAFE HAVEN WOULD YOU ACCEPT BITCOIN AS THE NEW GOLD? >> I DOUBT THAT I THINK THAT IT SHOULD BE MADE AVAILABLE AND WHAT I WORK ON IS MAKING SURE THAT IT IS LEGAL BUT I THINK ITS HISTORY IS SHORT-TERM SO YOU DON'T KNOW GOLD HAS A LONGER HISTORY LIKE 4,000, 5,000, 6,000 YEARS PEOPLE HAVE DEPENDED ON IT TO MAINTAIN WEALTH
IT IS DIFFICULT THE BIGGEST PROBLEM PEOPLE HAVE IN MAINTAINING THEIR WEALTH IS NOT WHETHER YOU HAVE GOLD OR STOCKS OR BONDS OR WHATEVER IT'S WHETHER OR NOT YOU HAVE YOUR FREEDOM BECAUSE JUST THINK OF IN THE DEPRESSION, PEOPLE THOUGHT GOLD MIGHT BE A GOOD THING TO HOLD SO THE GOVERNMENT TOOK IT AWAY FROM THEM AND MADE IT ILLEGAL [ SPEAKING SIMULTANEOUSLY ] STUART: YOU DON'T THINK WE'RE FREE? I CAME TO AMERICA AND REVELED IN THE FREEDOM I FOUND HERE
YOU DON'T THINK WE'RE FREE? >> WELL, COMPARED TO OTHERS, YES, WE'RE DOING PRETTY WELL BUT I DON'T CONSIDER US A CONSTITUTIONAL SYSTEM OF GOVERNMENT THAT WAS DESIGNED MANY YEARS AGO I DON'T CONSIDER IT A LIBERTARIAN SYSTEM THERE STILL IS RESPECT FOR PROPERTY BUT THERE IS WAY TOO MUCH GOVERNMENT INTERVENTION MAYBE MOST OF OUR PROSPERITY IS DEPENDENT ON DEBT
HERE WE ARE LIVING IN A SYSTEM WHERE YOU CAN ENDLESSLY PRINT MONEY, TAKE INTEREST RATES BELOW ZERO, THEN BORROW MONEY AT TRILLION DOLLARS A YEAR SOMEBODY HAS TO PAY WHEN YOU ARE VERY MUCH IN DEBT YOU ARE REALLY NOT FREE YOU SHOULD BE FREE FROM DEBT THAT'S WHEN INDIVIDUALS FEEL BETTER WHEN THEY DON'T OWE A LOT OF MONEY
STUART: I'M GOING TO READ A TWEET THE PRESIDENT PUT OUT ABOUT THE FED WHICH OF COURSE, YOU ARE VERY INTERESTED IN I'M SURE YOU HAVE SEEN THIS BUT I WILL READ IT FOR THE VIEWERS CHINA DROPPED THE PRICE OF THEIR CURRENCY TO AN ALMOST HISTORIC LOW IT'S CALLED CURRENCY MANIPULATION ARE YOU LISTENING, FEDERAL RESERVE
THIS IS A MAJOR VIOLATION WHICH WILL GREATLY WEAKEN CHINA OVER TIME YOU HAVE NO TIME FOR THE FEDERAL RESERVE AT ALL DOES THE PRESIDENT HAVE A POINT? >> VERY WEAK ONE, BECAUSE YES, THE CHINESE ARE MANIPULATORS BUT WHAT ABOUT QE? DIDN'T WE MANIPULATE OUR CURRENCY? DON'T WE MANIPULATE WHEN WE BADGER THE FEDERAL RESERVE TO LOWER THE INTEREST RATE NO MATTER WHAT THEY REALLY THINK? THEN THEY COME ALONG AND LOWER IT A QUARTER OF A POINT AND EVERYBODY GETS HYSTERICAL AND THE MARKETS CRASH BECAUSE IT WASN'T A WHOLE HALF A POINT? YES, WE MANIPULATE JUST LIKE EVERYBODY BUT IT'S DIFFERENT BECAUSE WE AS THE RESERVE CURRENCY, WE ARE THE BIGGEST MANIPULATOR BECAUSE WE GET TO PRINT AS MUCH AS WE WANT AT WILL, AND LICENSE OUR CONGRESS TO RUN UP DEFICITS OF A TRILLION DOLLARS A YEAR THERE'S TREMENDOUS MANIPULATION YOU HAVE TO COMPARE SOMEBODY THAT'S RUNNING A RESERVE CURRENCY TO SOMEBODY THAT DOES NOT HAVE A RESERVE CURRENCY
I WOULD SAY THERE'S WAY TOO MUCH INTERFERENCE AND RIGHT NOW, WHEN YOU'RE DEMANDING THAT INTEREST RATES GO LOWER, WHICH IS WHAT OUR ADMINISTRATION IS DOING, YOU ARE MANIPULATING THE CURRENCY YOU ARE SAYING LOAN THAT MONEY OUT VERY CHEAP I WOULD QUESTION THIS WHOLE THING SO I WOULD SAY CHINA PROBABLY IS A MANIPULATOR, THEY PROBABLY ARTIFICIALLY KEPT THEIR YUAN TOO HIGH FOR A LONG TIME NOW THEY ARE SORT OF MAKING UP FOR LOST TIME STUART: RON PAUL, YOU JUST MADE
Recent Comments