he should love the story because paul krugman nobel prize economist he says that the u.s. dollars backed by men with guns of course the mafia is known for having many weapons and threatening people according to a boar a deputy and in charge of the guard defined when a bank note is accepted by an organization internally organization he means mafia even if it is outside the law as a legal value it can settle transactions we're obviously talking about illicit organisation it's amazing that this is a bank that only accrued true value once they stop fronting yeah well the same thing we saw in somalia as well somalia doesn't have a central bank for the last 1520 years and they still use that make the bank notes that the last central bank that existed there printed makes them more valuable right and the 20 years ago in somalia the number one currency in use was coke syrup syrup used and they call it the beverage that was used as a unit of currency in somalia for a long time all right well we're going to take a break when we come back much more coming your way so. take that sponge

one thing on their side and that is coercion you know the government at the point of a gun as paul krugman of the new york times a said is the is what backs the dollar it's violence now as far as gold goes yeah ok it's a store of value it's hella tesa time but milan deals in general generations z. you know they they don't they don't think of gold they think a big coin they see it as equivalent to becoming i mean guys like you will say it's not but again the question is why why can't you market it better why can't you put this case forward that it is something that should be looked at instead of bitcoin really are a huge body of information to suggest that the 2 are equivalent in many ways. wider war he told i want i want i don't want to stay down here do you work orders because i can buy more of it at a great price i don't want to work i mean gold work itself is absolutely beautiful is extremely rare it is virtually indestructible don't you think i say if you can find new elements that are being created on a daily basis that to fill those same requirements then i would tell you the price o

and our masters of our universe and the most elite brilliant nobel prize winning economist like paul krugman that we know better than the markets we know better than the ordinary consumer we know better than they ordinary investor and that's failed because gold is always telling the truth and the reason why gold works is because it's trust us you don't have to trust that. somebody is printing up a whole bunch of money and this was articulated this week by the prime minister of malaysia dr m currency backed by gold prime minister dr mahathir mohamad says malaysia is proposing a new car.

and our masters of our universe and the most elite brilliant nobel prize winning economist like paul krugman that we know better than the markets we know better than the ordinary consumer we know better than the ordinary investor and that's failed because gold is always telling the truth and the reason why gold works is because it's trust us you don't have to trust that. somebody is printing up a whole bunch of money and this was articulated this week by the prime minister of malaysia dr m currency backed by gold prime minister dr mahathir mohamad says malaysia is proposing a new currency based on gold as this would be more stable than the current currency trading which is manipulative he said the precious metal could be used to evaluate import and export activities among east asian countries quote we can make settlements using that new currency using gold that currency must relate to the local currency as the exchange rate and that is something that can be related to the performance of that country that way we know how much we owe and how much we have to pay in the special currency of east

and our masters of our universe and the most elite brilliant nobel prize winning economist like paul krugman that we know better than the markets we know better than the ordinary consumer we know better than they ordinary investor and that's failed because gold is always telling the truth and the reason why gold works is because it's trust us you don't have to trust that. somebody is printing up a whole bunch of money and this was articulated this week by the prime minister of malaysia dr m currency backed by gold prime minister dr mahathir mohamad says malaysia is proposing a new currency based on gold as this would be more stable than the current currency trading which is manipulative he said the precious metal could be used to evaluate import and export activities among east asian countries quote we can make settlements using that new currency using gold that currency must relate to the local currency as the exchange rate and that is something that can be related to the performance of that country that way we know how much we owe and how much we have to pay in the special currency of east

if we could take a look at this, paul krugman, the nobel prize-winning economist after president trumpelected in 2016. lamenting and saying so, we are very probably looking at a global recession with no end in sight. i suppose we could get lucky somehow. but on economics on everything, a terrible thing has just happened. and, and the siren song of despair by the intelligence and globalist elites goes unanswered and by the way, all of the answers so far have been profound as offered by one president donald trump. paul bracken, is always great and i have to tell you, absolutely educational to talk with you. >> good to be here. lou: thank you. up next attorney general william barr coming for the leaders of the cia. also rinos and dems holding more meetings and hearings and show hearings on capitol hill. hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time f

put her in the same box with larry summers and paul krugman. there's never any help so we don't need them. liz: even when she's right? i got to tell you, she has been right in the past, because i cover these. i go to d.c. and cover the imf events. on the last two or three, she called it. she said that, you know, look, it's like jumping off a pancake. you're not really taking that big of a step. but she said in advance of the tax cuts, if america puts in the tax cuts, you will see a real punch to this economy. she was right there. she's been right on some other things, too. >> in my opinion, she's been right after the fact a lot more than she's been right ahead of the fact. not just her, okay? there's a lot of economists i don't like. i'm not singling her out. what we have to do is focus on the yield curve, first off. repairing the yield curve is job one. that's why the fed has to cut. they should make a statement this is not due to economic conditions. they should say this is because the yield on short term paper is so much larger than the yiel

deirdre: that's exactly what paul krugman is writing in the "new york times."thy over the members of the working class. he uses the 2017 tax cuts to say that businesses and people who are invested in capital markets have benefited more than the average person. he also actually does take it to a personal level, too, saying trump's whole career shows him to be the kind of man who if anything takes pleasure in taking advantage of people who trusted him. he essentially is saying he has turned his back on his base. the interesting thing for the president and for anyone who wishes to run against him is going to be health care. krugman does go into that a little bit, saying the president and the administration has threatened to take away key parts of medicare that are important to people and i do know from our own proprietary research that health care is a nonpartisan number one priority for voters in this country. stuart: okay. he thinks somehow or other, trump has not helped his base? deirdre: he didn't develop that as well as he developed some of the other ideas. a

i'm not surprised they're not afraid of all this negotiation on trade because even paul krugman says, you know, he's won his nobel prize in trade, says these tariffs just don't have that big of an impact on the economy. stuart: wait, wait, wait. this is a revelation. krugman failed to take advantage of tariffs, failed to criticize the president on tariffs? krugman? >> he won his nobel prize in trade. i don't think he can bring himself to just blow smoke on that one. he has agreed in his blog many times this is just not as big as the market reacts to it. stuart: that explains small business taking no notice whatsoever of the trade wars and just expanding. i want to talk to you about the fed and president trump. he sent out a tweet this morning, i will read just part of it, the fed, interest rates way too high, add it to ridiculous quantitative tightening, they don't have a clue. want to take that one on? is he right? you with him? >> well -- stuart: no, you're not. >> i think his argument is quite defensible. let me put it that way. i will leave aside my fear of loose money and leave a