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As a presidential candidate, Donald Trump promised to end the Russia/Ukraine war on day one. Then, as President, we were told that he had given his special envoy Keith Kellogg 100 days to wind the war down. Former State Department and US Senate official Jim Jatras joins today's Liberty Report to discuss where Trump is getting it wrong...and how to fix it. Also today: Tulsi exposes one of the greatest national security scandals of all time.
Tulsi Gabbard's Senate confirmation hearing today gets off with a BANG as the former US Congresswoman from Hawaii rapid-fires past abuses and failures of the US intelligence community. Why is her confirmation so important? Also today: the true damage done by USAID is made clear as that aid is suspended.
The first week of President Trump's second term has been a whirlwind - a marked contrast of when he first took office in 2017. What has he achieved? Is there more than hype and spin? Are expectations too high? Can he fulfill his promises?
According to President Trump, Bill Gates' Microsoft is very interested in buying the social media App TikTok. But as TikTok's owners do not want to sell, will this be a mafia deal where either their signature or their brains will be on the contract? And...how is Bill Gates owning TikTok any better than its current owners? Also today, Matt Taibbi joined Tucker Carlson recently to discuss the need for even more transparency on how the government colluded with companies to maintain silence over COVID's origins.
Newly-confirmed Secretary of State Marco Rubio is facing his first real foreign policy challenge: how to get his own Department to obey President Trump's 90-day halt on foreign development assistance. Will he be able to stand up to "the resistance" in his own shop? Also today, Trump's shocking position on displaced Palestinians.
By Ron Paul
“Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis” is the title of one of the many executive orders President Trump issued in his first week back in the Oval Office. This executive order directs federal agencies to “deliver emergency price relief” to the American people by reducing federal regulations that increase the cost or limit the supply of healthcare, housing, energy, and other goods and services. Repealing regulations is an effective way to reduce costs and increase supply in the affected industries. However, the price increases caused by regulations are sector specific. Economy-wide price increases are caused by the Federal Reserve. Widespread price increases are the result of inflation. Inflation occurs when the central bank lowers interest rates by increasing the money supply. In his remarks by video on Thursday before the World Economic Forum’s yearly meeting in Davos, Switzerland, President Trump said he would soon meet with Federal Reserve Chairman Jerome Powell to “demand” the Fed cut interest rates in order to help Americans cope with high prices. Pumping more money into the economy may give some consumers a temporary boost in purchasing power, but a long-term effect of the cut will be further erosion of most Americans’ standard of living as the influx of new money causes the dollar to lose value. The short-term benefits of any increase of the money supply and reduction in interest rates are mostly felt by the well-off since they receive the new money before other Americans. So they enjoy increased purchasing power before the Fed’s inflationary policies cause prices to rise. Interest rates are the price of money. As with all prices, interest rates inform market actors about market conditions. When the central bank manipulates the interest rates, it distorts the signals sent to market actors, causing misallocation of resources. The result is a “bubble” that produces a short-term boost in employment and incomes. However, the bubble will eventually burst, causing a recession. Just as middle- and lower-income Americans suffer most from the Federal Reserve-caused price increases, they are the primary victims of the Federal Reserve-caused recession. The best thing Congress and the Federal Reserve can do when a bubble bursts is let the recession run its course. Recessions are necessary to remove the distortions caused by the Federal Reserve’s easy money policies. Of course, Congress and the Federal Reserve refuse to take the sensible, though politically difficult, path. Instead, they set the stage for the next bubble via “stimulus” spending and low interest rates. President Trump claims he knows more about interest rates than does Federal Reserve Chair Jerome Powell. Whether or not President Trump’s experience in real estate development (a business that is very sensitive to changes in interest rates) makes him more of an expert on interest rates than Chairman Powell is beside the point. No politician, bureaucrat, or central banker can know the correct interest rate. The only way to know the correct rate is to allow individuals acting in a free market to set the interest rate. Despite his misunderstanding of monetary policy, President Trump deserves credit for publicly criticizing the Federal Reserve. President Trump should follow through on his critiques of the Fed by working with Congress to pass the Audit the Fed bill and legislation allowing people to use alternatives like precious metals and cryptocurrencies. Restoring a free market in money is key to fulfilling President Trump’s inaugural pledge to bring about a new golden age.
Analyst Phillip Patrick, from the Birch Gold Group, joins us to discuss President Trump's flurry of executive orders.
President Trump has doubled down on his desire to end the federal Department of Education and return the task of education to the states. Republicans have long talked a good game but to date there has been very little action. Will Americans finally get a "win" on this issue? Also today, Trump names new top Middle East policy pick for the Pentagon...and he's very promising!
President Trump 2.0 hit the ground running, granting mass pardons to J6ers and others and issuing a mass number of executive orders. He has also overturned massive amounts of bad previous Executive Orders. Here are some of the highlights we need to focus on...
As he was literally exiting the Oval Office for the last time, former President Joe "No one is above the law" Biden has issued dozens of preemptive pardons to people from Fauci to Milley to the J6 Committee. But there is a catch... Also today, a new New York Times poll demonstrates strong support for ending conflicts in Ukraine and the Middle East.
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