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
Takes it the way im austrian and im also austrian in the economic sense of terms and the Austrian School of economics defines inflation this this. 2 is an increase of the money supply if im pick money supply if you talk about Price Inflation len we again have to specify what the Price Inflation are we talking about are we talking about i guess a Price Inflation are we talking about consumer Price Inflation and so on well i mean this duty is inflation i agree to do that different issue and apparently we have seen price deflation which is usually what people refer to when they call the focus of the inflation or Consumer Price deflation we have seen apparently but if you ask me i really do not see it im sorry so it lists the east side of the atlantic with a few weeks perhaps who have a few prices went low a little bit but. If you go into the supermarket groceries in my view just going to one the rich and thats is up so inflation is already creeping up even in the end the Consumer Price le
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 free 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 in these this fall has been accelerating recently as you said and. To the moon i think its 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 fed 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 33000700. 00. 1000 miles and this is a chilly. 20 light seconds high so this is actually several times the distance to the moon a
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 high so this is actually several times the distance to the moon and this was just created out of nothing within a few weeks and thats i think the real problem which we are facing and and people are awake. Up to this problem and i think thats a very interesting time when 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 has been making new all time highs against just about every other cu
The sun over texas will soon be going down before it does so. Let me show you something with one of our long lens cameras in a special position. This is a close up, a shot as you can get of the destroyed compound right in the middle of it. The fire is out. Some of the remains still smolder. Federal officials from president clinton right on down. Rightly or wrongly, well be feeling the heat for a long time about how the federal government handled this case. What it did when it did, it did it do the right thing . Second guessing is easy. The search is just beginning for remains of the more than 80 people, including an estimated dozen or more children believed killed when the compound went up in flames yesterday. One of the men survivors is blaming the fire on the fbi, but federal officials emphasize there is no doubt about it. The fire was started by followers of david koresh, an apparent mass suicide ordered by the cult leader. And that was cbs News Coverage from april 19th, 1993, after