Pray. In conroy let us loving god, we give you thanks day. Iving us another peace. Your spirit of inspire the members of the peoples house this day. Spirit of wisdom, patience, and understanding in work they do. Throughout our country, the of the coronavirus plague continue. Those who are in arms way health care professionals, those engaged in delivering goods and services to communities, and teachers at all levels. Send your spirit of healing to those who suffer from and those who mourn died. Who have lord, god, have mercy on us. Day be that is done this for your greater honor and glory. Amen. Amen. Eaker pro tempore pursuant to section 4a of house 967, the journal of he last days proceedings is approved. The pledge of allegiance will be led by the gentleman from california, mr. Schiff. Please join me in the pledge. I pledge allegiance to the flag of the United States of america and to the republic for which it god, one nation under indivisible, with liberty and justice for all. The s
Currency is falling and thats i think what were seeing is that is this this fall has been accelerating recently as you said and. To the moon i think ive got a nice comparison for you here i mean weve saw this billions and actually trillions of money printing recently in the small calculation so the feds expanded the Balance Sheet by 3 trillion within a very short time recently so what is 3 trillion 1. 03 trillion dollars if you make a staple of 1. 00 coin this is a mind boggling staple of 3003700000 miles and this is a chilly. 20 light seconds so this is actually several times to distance to the moon and this was just. Rate it out of nothing within a few weeks and thats i think the real problem which we are facing and and people are waking up to this problem and i think thats a very interesting time when a good analogy there with the staples and all that stuff its amazing when you put these graphics and you look at them how really incredible trillions and trillions of dollars as now of
I am x. Prize or this is the kaiser report summer solution starts right where we come up with solutions to all the problems they cover on the other shows right there anyway today weve got a goal to the moon edition with a special guest mark valley the incremental im stating there is no bigger solution needed then to the exorbitant privilege that has been the us dollar in the past 50 years all the trade imbalances all the trade deficits that are required by the United States and the mass unemployment that is the result of that us dollar policy so were talking to mark malloch about this and mark i want to ask you gold as gong supernova again and its one of the best performing assets of 2020 so far how high does this go and is the price of gold an indictment of the front cover of the economist magazine pre money. Yeah well the real question probably is not how high is gold going but holo its the dollar and all of the fear currency is falling and thats i think what were seeing is that this
Highs against just about every other currency in the world except the dollar now its made a new u. S. Dollar high and as you point out its an indictment a family for you have money is really crashing against against galled now Going Forward you know does that mean in inflation or deflation right this is weird topic because people have different definitions for these 2 words and it usually only goes in june interesting conversation and but what it what year take on it mark my on the accent already takes it away and im austrian and im also austrian in the economic sense of terms and the Austrian School of economics defines inflation this this. Is an increase of the money supply of im pick money supply if you talk about Price Inflation len we again have to specify what a Price Inflation are we talking about are we talking about asset Price Inflation are we talking. The consumer Price Inflation and so on but i mean this year it is inflation i agree to do that different issue and apparently
Accelerating recently as you said and to the moon i think ive got a nice comparison for you here i mean weve saw this billions and actually trillions of money printing recently and that the small calculation so the feds expanded the Balance Sheet by 3 trillion within a very short time recently so what is 3 trillion 1. 03 trillion dollars if you make a staple of 1. 00 coin this is a mind boggling staple of 3003700000 miles and this is a chilly. 20 light seconds so this is actually several times the distance to the moon and this was just created out 2 of nothing within a few weeks and thats i think the real problem which we are facing and and people are waking up to this problem and i think thats a very interesting. Wayne good analogy there with the staples and all that stuff its amazing when you put these graphics and you look at them how really incredible trillions and trillions of dollars as now of course gold is making new all time highs against just about every other currency in the