While America is known as a "capitalistic' society with "free markets," the reality is far different. A nation that once had a very limited government now has the biggest government in the history of mankind. Money is counterfeited by the trillions and the price-fixing of interest rates is policy. Government "regulators" are staffed by people who go through a "revolving door" from the "regulated" corporation to the government. In fact, that is the greatest danger that America -- and the rest of the world faces -- the merger of corporation and state; the fusion of power and money. That's a far better description of modern America; not "capitalism" or "free markets."
Hello, everybody, and thank you for tuning in to the Liberty Report.
With us today, we have Chris Rossini, our co-host, Chris.
Good to be with you today.
It is great to be with you, Dr. Paul.
Oh, very good.
We're ready to go with our program today.
You know, we've been talking about the subject that we're going to emphasize again today, but it's a big deal.
And that has to do with the corporate state and, you know, fascism and what's the role of big government and big business.
And that's been argued for a long time.
And Republicans, especially, have taken a hit and have never defended themselves in the right way that the far left will criticize what we have as being just benefit to the big corporation.
And that needs some explaining to do because sometimes the big corporations do get a benefit.
Take, for instance, you know, the inflation that the Fed creates, it's available to certain groups that first go around before the money's been fully devalued.
So that's a big issue, and corporatism is a big issue.
But before that, I just want to mention yesterday, you know, gold was down rather sharply, but gold bugs and people investing in gold didn't wince too much, but it always makes people nervous no matter what system of investment they have.
If it starts down, oh, is it going to go way down?
Is this the end of the bubble?
This sort of thing.
But anyway, we have had this, and yet today, gold bounced back strongly.
So I guess those who said yesterday, people just taking profits.
There's a lot of profits in there.
So maybe that's exactly what happened.
People took it.
And then some of the other people today who had been wanting to buy gold moved in and put the price of gold back up where it was a few days ago.
But that's all important.
And then a lot of people use gold now as a protection, I guess, what the government is doing.
And we talk about it a whole lot.
And one of the reasons we partner with Birch Gold Company, because they actually have programs to try to help people protect against what's coming and the monetary inflation and the prices going up and all the bubbles that exist.
But the majority, the big money on Wall Street, they're still in denial.
But someday that's going to change.
So one thing that the Birch Gold Company offers is information.
It's information on how, under today's conditions, which is not easy to take gold bullion and put it in your savings account or in your retirement fund.
So there have been rules against it.
But now there is IRA accounts that you can put bullion in.
And this is something that Birch Gold specializes in because they think it's a good way to do it.
But, you know, nothing is perfect.
And I say to people, everything is perfect.
I say, well, you know, gold was perfect in 1932, wasn't it?
And the first thing that Roosevelt did was, you know, steal the gold.
So there are problems with it.
But I still, I personally believe that protection against what's going on is to have some type of investment relating to the precious metals.
And that to me, I think, is very important.
Now, what Birch Gold offers is information.
So if you want to get more information, how you can take bullion, gold, and put it in an IRA fund, they'll send you this information.
But the only thing you have to do is request it.
And if you want to request it, you go Ron, Ron 98989A.
And that will connect you to Birch Gold, and they will send you material and explain how this is done with the consideration of what kind of taxes would be involved.
And there may be some good news for people that want to make these transfers.
So if you want more information from Birch Gold regarding the protection of hard assets, you go to Ron 989898.
And that leads us up to our first key argument today because it's always related to money, debt, debasement of the currency, and precious metals.
And I learned that before Bratton Woods collapsed, because in the 60s, the Austrian economists were writing about what was going on then and that we would default.
And that's what we did.
We declared our bankruptcy.
You know, it was a form of bankruptcy because we had promised the world that we would always honor our dollar at $35 an ounce.
And it helped, because they were naive enough to believe this.
It helped to make us a giant economic country.
And we still are.
But in my estimation, we're being threatened by the conditions that we have today.
So this is something I think is very important.
And I believe that more and more people will do this.
But looking at the economy in general, there's a lot of things going on.
And what we want to emphasize today is the fact that the criticism of what we have, they say, oh, you see, free market capitalism, look at what it's doing.
But we have to be careful with definitions.
And I've endlessly have tried to get individuals to say, not free market, we don't have free market capitalism.
We have a form of capitalism, but communism has a form of capital.
It just tells you who owns the capital.
So yes, it's a form of capitalism, but it's not free market capitalism.
It's cronyism.
And that is a big difference from the others because it's always abused.
And in 1971, when they removed the relationship to gold, then it was endless.
They could do anything they want because deficits didn't matter.
They agitate and worry about it as they are now, and they should be.
But maybe the fact that the agitation and worry is getting greater, maybe the big bust is approaching that time.
We can, those individuals who are involved in Austrian economics predict things that can happen.
You know, figure out where there's a bubble and say, yes, that bubble is going to burst.
But what they can't do, even as smart as those Austrians are, the economists, they don't know when.
So, yes, by some people's scheme, they thought, well, it should happen after we got off the gold standard.
No, it just planted more seeds and blew up the bubble bigger than ever.
And that's what they're continuing to do.
But I want to concentrate a little bit with Chris on, you know, the type of system we have.
And I think a good term is not free market capitalism.
It's cronyism.
And that means there's not free markets.
It serves the corporations.
So the far left who condemn, you know, the corporations and the unfairness of the system, they're actually not too far wrong because there is a benefit to the big corporations with the system we have today.
Chris?
Very good, Dr. Paul.
Yes, you know, a vast majority of us have to go to government schools when we're growing up, and our minds are filled with lies.
We go into adulthood with minds filled with lies.
I'm no exception to that rule.
But fortunately, with the internet, we can dispel those lies.
The vast majority of people, they just live with those lies their whole life.
And we've been lied to a lot.
One, the Constitution is the supreme law of the land.
I mean, come on, we all know the real situation with the Constitution.
Our government virtually ignores it with every single action it takes.
We're told that we live in this capitalistic free market society.
And as you pointed out, Dr. Paul, it's extremely far from the truth.
It's virtually gone.
And the examples are endless.
We're going to focus today on the corporatism with Intel.
Last month, President Trump announced that the U.S. government is taking a 10% stake in Intel.
I mean, right away, we're already going into, that's fascism, economic fascism, the merger of corporation and state.
And there was also a deal, another one with NVIDIA and MD, where they're going to give a certain percentage of their profits from China, trade and China, to the government, I think 15%.
And yesterday, we get news that these two companies that are tied to the state now, NVIDIA and Intel, now NVIDIA is investing $5 billion in Intel and the stock price shot up.
I mean, this is not markets.
This is, you know, using force to get a certain outcome.
And this ends so bad.
So bad.
This isn't something new.
And it's not even new in our government.
You know, we went through COVID, remember?
Those big corporations that were making so-called vaccines and it was mandated on people and it didn't work and they had immunity.
That is corporation and state right there.
The warfare state is a perfect example.
I mean, the biggest one of them all.
You know, it's all corporation and state.
This, you know, so if we're living with, oh, we live in the land of the free with a capitalistic free market, limited government, we're living with lie.
Your view of the world is a total lie.
You know, so we're here to help dispel these myths so that we could, as Americans, hopefully see the situation clearly so we could fix it someday.
You know, and there's plans for more.
The more successful they seem to be or more they can deceive the people, the more they'll do the same thing.
And, you know, what I fear is the atmosphere that's going on, because we can get a taste of that because there was a headline came out yesterday, and it came from our president.
He says, how they feel about Trump saying, quote, I, quote, from Trump, I have the right to do anything I want to do.
I'm the president of the United States.
Guess whose name I thought of immediately from that?
It was Richard Nixon.
And that didn't end well for him.
But, you know, I think compared to Nixon, maybe some of the things we're doing today, they're more sophisticated and they're getting away with more.
So, but this, we know about Intel and NVIDIA, but there's another article and a plan.
Trump's team explores government-backed manufacturing boost.
Well, I think you and I, Chris, could figure out a way to give it a boost.
You know, we deregulate and cut down the taxes and don't screw things up with tariffs.
All these things could be done.
But no, they're going to do this.
Trump's team explores government-backed manufacturing boost.
Discussions center on how to use money from a $550 billion fund.
That's just peanuts, I guess, on what they plan to do, to spur construction of factories and other infrastructures.
Now, that's not the role of a government.
You know, we all know how they're going to distribute that money.
It's bad enough.
Just all they have to do is print the money, and the money always goes to the hand of the wealthy.
But in this case, it's very designated.
And I've read a little bit about where they're going to get this $550 billion, but I think it has to do with government property and using the fund.
Government Backed Manufacturing Boost00:14:34
And some of it is mystical.
So, anyway, it has a long way to go.
It doesn't deserve to be successful, but they will try to, but it certainly encourages support.
This is the big deal: support for the administration.
Because right now, you know, Trump does quite well, and he's very sincere in what he believes.
And he believes this stuff has to happen, and that he has a responsibility.
He doesn't feel like he's saying something terrible.
I want to do it, I have a right to do it.
But he wants to make sure that people are safe and secure in their economic policies, but also to take care of his friends.
And I get the sense, and I don't know whether this is unfair or not, but it sort of reminds me of a person that is a very good CEO, a good executive.
But I think what he's a CEO of is rather massive.
And since it's based on a false insecurity of money, it's to me it's too much debt and too much malinvestment.
The bubble is there.
And all these plans are very important to talk about because it's in many ways, I think, just fiction.
And their hope, but when the bubble breaks, they're not going to have time to do it.
And it generally doesn't work.
You can't control the dissertation of this system.
So people rush to the gates to get out of it and try to preserve what they have.
So it's a tough situation.
But the whole thing is, anybody gets involved or talk too much right now.
They get called all kinds of names.
They called the terrorists.
They put the word terrorists there.
That if they don't do what the government tells them, you're a form of a terrorist.
So I think the language is very bad.
I think some of the philosophy is very bad.
I think it violates the principles of liberty, the principles of property.
And I cannot see how it can survive for a long, long time.
It survives as long as you think it would or should, because we're very wealthy, getting poorer quickly, and we get by.
But eventually, though, and the world's waking up, that's why they're talking about other currencies.
And that's why sometimes, and I think it's going to get worse when people see the ramifications of tariffs.
I think there's going to be much more hostility directed toward the United States.
That's right, Dr. Paul.
And I think it was earlier this week or last week, I remember saying on the show that, yeah, the investments that are supposedly coming in, Trump was using that $8 trillion number for a while.
And then Howard Lutnick, a few days later, said, it's well over $10 trillion.
I think it was the same day or the next day, President Trump said, no, it's $17 trillion.
So who knows what it is today?
$100 trillion?
All these trillions are going to just flow into America.
Now, maybe some money will come in here.
But they're saying that President Trump will be the one that's going to invest this stuff.
This is bad.
That's all political.
I'll do this for you, Mr. Corporation, and you do this for me.
That's not what a market is.
A market is you risk your money or your investors' money to spot imbalances.
Oh, more babies were born this year, a lot more.
So we're going to need some more baby bottles.
So let's buy the resources and we could sell them at a profit and satisfy consumer demands.
Our government doesn't care about our demands, what we need.
They're not doing this for us.
They're doing it for their own power on the political side and the wealth on the corporate side.
And a lot of times, as we see, politicians make money on the stocks too.
They invest in the companies that they're giving monopolistic privileges to.
This has nothing to do with the market.
And in the actual market that we all live in, you risk your own money.
And if you lose, you lose or you lose your investors' money.
They don't lose.
When they profit, like the banks, like these corporations, they keep the profits.
When they lose, the taxpayer covers the losses, like when we bailed out the banks, like when all these wars.
All the wars are losses, but they're losses for us, not for the corporations.
They make tons of money.
All of the socialized losses, we pay for for their dumb decisions.
But from their perspective, it's not dumb.
They get rich and we pay for it.
So that's why we're trying to point this out, that even though we have this Republican, he's not Kamala Harris, he's not a Democrat, this is bad policy that hurts every single American.
You know, Trump once was a strong critic of executive orders.
And he pointed out some of the shortcomings of that, too much power, and they don't know what they're supposed to be doing.
And this is something that he changed his mind on.
Now, I don't think that, I think in his mind, he doesn't suffer consequences of that or guilt constraints because he switched his view.
I think he'd be, oh, well, I wasn't as close.
I see the problem.
I see that the Constitution allows the president to be, you know, on hands, you know, person that could solve these problems.
So that is something that he obviously, you know, accepted in his own mind.
And this is why, I don't know, I don't know whether he has more executive orders than anybody else, but I tell you why, he has more executive orders that are overwhelmingly big and controllable on all that he can do.
Of course, the one executive order that I despise the most is the executive order to march the country and the people into a war.
You know, all kinds of lies and innuendos.
And the Congress goes along with it and they pay for it.
So that is so bad, but most people don't worry about that anymore.
He said, that is, it's confused this thing if you have a declaration of war.
But that's just one big one.
But there are a lot of other ones on executive orders.
And there's not going to be any hesitation to use it.
The worse the conditions of the economy goes, the more executive orders and the more the more overwhelming they will be.
But I still think and hope because early on, President Trump, his first campaign, and even at the beginning of this one, he said things that were not ugly toward libertarians.
And he was open to a lot of our language and sound money and this sort of thing.
But things have changed.
And I think it's very evident.
And people, I can understand why people say, you guys can't do that.
You finally get somebody that's doing something that we want, and you're just out there ruining the situation.
Well, we see it a little bit differently because I think our philosophy is when he does a policy or even talks about policy, we say, good way to go, nice way to go.
That's a good idea.
And if they do it, then really cheer him on.
But we can't do that if he has said one thing and changed his mind totally because he figures the conditions have changed.
And that gives the excuse for doing these deals and drifting away from free market capitalism.
It pushes him in the direction of more cronyism.
So the attacks on us in America by the leftists and the Marxists that, you know, this is nothing more than a corporate government.
It's, you know, it's a special interest for big business.
The results have been, yes, that is very much true, all the way back down to just printing the money and who gets to use it first, going to war, supporting the welfare state.
But it couldn't happen if the Congress didn't roll over and finance the whole thing.
Well, why?
Who's supposed to hold the Congress' feet to the fire?
The people.
Why do they put them in there?
And now they're up there attacking the best guy in the Congress because he wants to do what's right.
So that's discouraging.
But I still am confident that the majority of the people, if they understood the issues, are going to vie for a free market, limited government, low taxes.
And it's just that it can't happen fast enough.
They don't understand it.
They think that the solution to inflation is just more money.
This week, you know, the Fed lower interest rates.
And they're worried about the economy because they promised they'd be lowering interest rates two or three more times this year.
They don't say, we got to print money faster.
We need more inflation because then we can pass the penalties on to the middle class.
They're the ones who suffer from high prices.
So I think it's basic, it's not complicated, but I think it's the basic ignorance that has been hammered into our society from government-run educational systems throughout the country.
Fantastic, Dr. Paul.
I will finish up.
You made some great points.
We are not anti-Trump, that's for sure.
In fact, go back to, you know, in January, our shows, we were praising Trump so much that people were getting mad that we're so pro-Trump because he was doing good things at the beginning.
And it was such a short amount of time.
The moment Doge was squashed and he attacked Iran, that was the end.
You know, it's been all downhill ever since.
I wish it could be uphill.
But he made his choices on what he is going to do with his administration.
So we're not just critics just to be critics.
In fact, we have the other side of the coin.
What do we need?
Okay, this is so bad, but what should happen?
Well, number one, we really should have the rule of law.
That would be nice.
Today, the number of people that are above the law just keeps expanding.
With every new major crime, no one is accountable for anything.
So the crimes just keep getting bigger and bigger because that's, I mean, that will attract the greatest criminals in the world.
You mean we can do this and get away with it and nobody will do anything to us?
The answer today is yes.
You know, even the Epstein, we can't even get that out.
So that's number one.
Perhaps the rule of law would be a great start.
Sound money, no counterfeiting by anybody.
You can't offload it to a private central bank and say, We're not doing it.
We're not censoring.
It's the social media company.
We're not counterfeiting.
It's the bank, the Fed, the bank.
You can't do that.
So that's another thing.
No government agencies that are so-called regulators, that members of corporations that go through a revolving door, they go to the government, then back to the corporation.
And this is called government regulation.
No, it's called fixing it so that they make billions of dollars at everybody's expense.
And finally, no invading the world.
Bring all the troops home, close all the bases.
Now, you may think to yourself, well, how on earth are we going to get from here to this, to these ideas?
I don't know.
I have no idea.
That's not for us to even think about.
What we think about is for the population to hold the right ideas because these systems, one that we live in, it's not something new, they go down fast someday, whether it's in our lifetime or not, doesn't matter.
What matters is that we do our best to preach the good ideas so that when it happens, that the population, there's enough people that hold the right ideas so that people can build themselves up against.
Very good.
You know, the Trump announced a plan.
Excuse me.
A plan to designate Antifa as a terrorist organization.
This gimmick of saying terrorist, terrorist, terrorist, came out of 9-11 because even though they lied about some of the things the terrorists were doing, it worked to galvanize it.
And now here it is being the same word is being used on economic terms, that this is terrorism.
So what we have to do is designate Antifa.
They say they're anti, they're against fascism and as a terrorist.
Well, I don't know exactly what you do, but if you look at it, sometimes when they cause violence, yes, you have a duty to stop people doing violence, but sometimes it's just words, you know, that they say and people don't like it.
And they have a clout, and so they start using a weapon against them.
So, you know, we just went through 10 years plus of radical wokeism.
And it was all this social mischief.
You got to do it this way.
And the corporations would stick to and not hire people and fire people if they didn't follow some social order.
But that is sort of fading.
But I think what they're doing now is a form of fashion of wokeism.
It's like wokeism, because if you don't do what the government says, even if it's outside of the law and the Constitution, then you can be in big trouble and you'll be punished for this.
So I think it's a system.
People get pretty annoyed with what's happening.
Government Pressure Points00:03:41
And if they start talking, there's a case of a very famous person that fought the income tax on an unconstitutional basis, the way it was collected.
And his treatment was worse than what Trump treatment was to terrorists.
Finally, he died in prison under change.
And what he did was he defied the courts because the courts said you cannot go out and start talking and saying the income tax is unconstitutional because he was having an effect.
You know, they arrested him several times, but he stuck to his guns and he kept speaking out against it.
So that to me is the real problem.
But who are the people that tend to terrorize now?
And maybe this is an admission of some type of ineptness because these are the people that I worry about because I fear the CIA.
If you study and read about the assassinations of this country, the CIA is very much involved.
Yes, they think they're cleaning it up now, but it still has a long way to go.
FBI, same way, getting involved in assassinations, all kinds of problems.
Though there's a lot of good people in the FBI, but the dominant people who run it tend to use it because this is a way to keep people in line.
It's the police coming for you.
I'll tell you one thing that would upset a lot of people, and that is the IRS knocking on your door.
Oh, we have to see all your records for the last 32 years.
And the IRS, that could cause some terror too.
But it's the government doing this.
Most of that stuff shouldn't even exist.
And I think people are going to be more annoyed than ever that countries are already annoyed because there's a very aggressive attitude for our country now to use tariffs as a punishment because we're wealthy and we have a good currency, so-called, that we could threaten people.
You do it our way, you send money here, and you follow us and just like woke ism, do it the way you're doing tokism, or we won't do business with you.
Now, it's you do it, or we're going to put on sanctions, we're going to be putting on tariffs, and it even can lead to the point where if you don't behave, it's ongoing right now.
It's ongoing.
We'll sell the bombs and provide the bombs to go into Ukraine and the Middle East.
And they'll use gimmicks to get the weapons there.
Oh, our position is we don't give any more weapons.
We think the billions we've given already didn't do so well.
So the people who should be responsible for this is NATO.
And NATO has to do it.
Now, the odds of NATO coming through with all this money, and you know, the other condition was they had to buy all the weapons from the United States.
And that's all this part of this corporatism is a form of militant wokeism, which is involved in economics rather than in social orders.
So there's a lot of to go.
It's going to be combined, and eventually we're going to see a true revolution in a restoration of interest in peace and prosperity and following the Constitution.
And that is what we're dedicated to.
And we thank all of you for tuning in to the Liberty Report.