WEBVTT 1 00:00:03.640 --> 00:00:07.440 Welcome to Financial Issues, where we help you steward faithfully 2 00:00:07.639 --> 00:00:11.279 by honoring God with your investments. Now, listen in as 3 00:00:11.279 --> 00:00:14.080 we give you the practical tools and advice you need 4 00:00:14.359 --> 00:00:16.879 to become a biblically responsible investor. 5 00:00:22.280 --> 00:00:25.320 This is Financial Issues, where we help you defund darkness 6 00:00:25.320 --> 00:00:28.879 and fund the light by investing with biblical integrity. Folks, 7 00:00:28.879 --> 00:00:32.079 on today's show, the US government is buying back debt. 8 00:00:32.200 --> 00:00:33.359 Why should I care? 9 00:00:33.479 --> 00:00:34.079 You may ask? 10 00:00:34.200 --> 00:00:36.320 Well, glad you asked, We got the answer for you. 11 00:00:36.359 --> 00:00:38.479 Sethi Dinsky, Sam Case over the control room and your 12 00:00:38.479 --> 00:00:39.320 host Mark Manila. 13 00:00:39.359 --> 00:00:41.359 Mark, you ready to tell us why we should care 14 00:00:41.359 --> 00:00:41.799 about this? 15 00:00:42.119 --> 00:00:44.759 Can't wait? This is gonna be fun. Good morning everyone, 16 00:00:44.799 --> 00:00:45.399 It's gonna be fun. 17 00:00:45.439 --> 00:00:47.039 Hey, listen, folks, before we get to it, the phone 18 00:00:47.079 --> 00:00:50.039 number is six' ten three six three eleven. Ten phone 19 00:00:50.039 --> 00:00:51.840 lines are wide, Open fill them. Up we'd love to 20 00:00:51.880 --> 00:00:54.600 hear from you on This thursday, again six' ten three 21 00:00:54.799 --> 00:00:58.240 six three eleven ten your calls and questions taking him 22 00:00:58.240 --> 00:01:00.159 for the. Next hour, All, Right mark so we did 23 00:01:00.200 --> 00:01:02.880 a yesterday's show with the, following question and you gave 24 00:01:02.960 --> 00:01:04.000 us a brief answer to close. 25 00:01:04.040 --> 00:01:05.000 The show This was Gene. 26 00:01:05.000 --> 00:01:08.640 From louisiana in our chat, He, said mark what percentage 27 00:01:08.640 --> 00:01:11.680 of our fixed income allocation wood short or could we 28 00:01:11.760 --> 00:01:14.719 hold in thirty year? Treasury bonds And, then mark we 29 00:01:14.760 --> 00:01:17.319 also got some news that came out right as the show. Was, 30 00:01:17.519 --> 00:01:20.439 ending sam give us the details here of what's going 31 00:01:20.480 --> 00:01:23.480 on here with this government debt buyback program or whatever. 32 00:01:23.519 --> 00:01:25.280 It is, FOR first i want, to say we need 33 00:01:25.319 --> 00:01:27.680 to get in touch With the trump administration because they 34 00:01:27.680 --> 00:01:30.040 need to release this before so we can talk about 35 00:01:30.079 --> 00:01:30.359 it on. 36 00:01:30.400 --> 00:01:32.719 The, show yeah days at the end. 37 00:01:32.640 --> 00:01:34.560 Of The shaw, trump administration we had to be able 38 00:01:34.560 --> 00:01:35.000 to talk about. 39 00:01:35.000 --> 00:01:38.239 This live But the trump administration did say yesterday Through The, 40 00:01:38.280 --> 00:01:40.920 treasury department it will at least double the level of 41 00:01:40.959 --> 00:01:44.079 government debt buybacks up in the next, few MONTHS. Per 42 00:01:44.159 --> 00:01:47.719 cnbc under the accelerated buy back Led By Treasury Secretary, 43 00:01:47.799 --> 00:01:50.480 scott besson it will target the ten to twenty year 44 00:01:50.519 --> 00:01:53.200 and twenty to thirty year portion of, the market which 45 00:01:53.200 --> 00:01:56.239 has seen a buyers strike Since. Late june the government 46 00:01:56.280 --> 00:01:59.200 will at, least DOUBLE as, i said the maximum science 47 00:01:59.239 --> 00:02:02.200 of its buy back operations from two billion to at 48 00:02:02.280 --> 00:02:05.920 least four Billion starting, september ninth and will stay in 49 00:02:05.959 --> 00:02:09.560 Effect through. November Fourth, so mark. 50 00:02:09.400 --> 00:02:11.960 In, layman terms what on earth is going? 51 00:02:12.000 --> 00:02:12.639 On here. 52 00:02:14.719 --> 00:02:14.800 In? 53 00:02:14.879 --> 00:02:18.120 Layman, terms okay, you KNOW before i, Answered that i'd 54 00:02:18.120 --> 00:02:20.319 like to go Back to jean's question if you don't. Mind, It, 55 00:02:20.400 --> 00:02:22.439 yeah pa yesterday we were kind of forced by the 56 00:02:22.520 --> 00:02:24.439 end of the show, on THAT and i really have 57 00:02:24.520 --> 00:02:25.680 to give them a very. 58 00:02:25.719 --> 00:02:28.000 Clear Answer, so gene sorry. 59 00:02:28.000 --> 00:02:30.039 About that But what i'd like to share with you 60 00:02:30.240 --> 00:02:33.400 is that thirty year treasuries are a little bit different 61 00:02:33.479 --> 00:02:35.879 than than your. Shorter term, you know they have a 62 00:02:35.919 --> 00:02:38.039 little bit of a risk that most people don't, think 63 00:02:38.039 --> 00:02:42.199 about and that risk is the interest. Rate risk the 64 00:02:42.319 --> 00:02:45.479 price of those bonds can move because of interest rates and, 65 00:02:45.520 --> 00:02:48.199 everything else and since they have a long term, on 66 00:02:48.280 --> 00:02:50.719 them you have to be. Very careful if you buy 67 00:02:50.719 --> 00:02:55.400 in today at, five percent interest rates, go up your 68 00:02:55.479 --> 00:02:58.840 bonds will end up, being devalued and if you need 69 00:02:58.879 --> 00:03:01.759 to get rid of them before, they mature you could take. 70 00:03:01.800 --> 00:03:04.479 A hit so because of the interest, rate risk or 71 00:03:04.520 --> 00:03:07.319 because of the, price movement because of the, long term 72 00:03:07.479 --> 00:03:07.879 you got to. 73 00:03:07.879 --> 00:03:10.400 Be careful THAT'S why i, always say, you know no. 74 00:03:10.400 --> 00:03:14.120 More than, twenty percent but more generally around ten percent 75 00:03:14.199 --> 00:03:18.240 would be part of the fixed income the fixed income 76 00:03:18.280 --> 00:03:22.520 portion of the fixed. Income bucket and unless you unless 77 00:03:22.520 --> 00:03:25.319 you're one of those people, who, SAY hey i just 78 00:03:25.400 --> 00:03:27.599 want to hold this. TO me i want to hold 79 00:03:27.599 --> 00:03:30.759 them all, to maturity and then that's. Okay too if 80 00:03:30.759 --> 00:03:32.719 you're going to, do that then the interest rate risk. 81 00:03:32.759 --> 00:03:36.319 Doesn't matter but, right now where the interest rate before 82 00:03:36.400 --> 00:03:39.879 they announce the, buy back before the interest rates weren't 83 00:03:39.879 --> 00:03:43.599 that much better than say the twenty year, you know 84 00:03:43.800 --> 00:03:46.840 half a point, Better really so you're taking on a 85 00:03:46.879 --> 00:03:51.400 lot more time risk and interest rate risks then you. 86 00:03:51.520 --> 00:03:55.199 Need to you could just go shorter to twenty years 87 00:03:55.280 --> 00:03:58.240 or ten years and things. Like That so i'm, just 88 00:03:58.280 --> 00:04:01.400 saying don't overdo it with the, thirty year even though 89 00:04:02.120 --> 00:04:06.800 even though it is a decent a decent return, right now, 90 00:04:06.879 --> 00:04:10.560 decent yield or was before the announcement. 91 00:04:12.000 --> 00:04:12.719 At that price. 92 00:04:12.759 --> 00:04:16.879 IT WAS i, I really i don't see any reason 93 00:04:16.920 --> 00:04:21.279 why you taking that that time risk and the yield 94 00:04:21.360 --> 00:04:23.839 risks that you would have price risk all that for 95 00:04:23.879 --> 00:04:27.680 a thirty year IS worthwhile I would i would limit. 96 00:04:27.439 --> 00:04:29.600 It so that that's for. 97 00:04:29.720 --> 00:04:32.319 That gene and then the SECOND question i think we're 98 00:04:32.319 --> 00:04:36.040 talking about is what what are we talking about in 99 00:04:36.040 --> 00:04:39.920 in terms of double government. Debt, buybacks yeah what? Is 100 00:04:40.000 --> 00:04:40.839 it why are they? 101 00:04:40.920 --> 00:04:41.879 Doing it is it even a? 102 00:04:41.920 --> 00:04:42.519 GOOD thing i? 103 00:04:42.519 --> 00:04:44.040 Don't know Tell, Us, mark. 104 00:04:44.040 --> 00:04:46.759 Well the first thing is this Is the treasury stepping 105 00:04:46.839 --> 00:04:50.480 into the secondary. Bond, markets remember you can buy and 106 00:04:50.519 --> 00:04:54.480 sell treasury bonds on, the market on the. Open market 107 00:04:54.600 --> 00:04:57.279 so they're buying back some of the older long term 108 00:04:57.319 --> 00:05:02.720 government bonds And starting, september ninth And the treasury says 109 00:05:02.759 --> 00:05:04.639 it will increase it from. 110 00:05:04.439 --> 00:05:05.160 Two billion to. 111 00:05:05.240 --> 00:05:08.800 Four billion, you know right now they're buying about two 112 00:05:08.800 --> 00:05:12.399 billion back during. That timeframe, He said so, Why, now 113 00:05:12.519 --> 00:05:17.319 well the treasury yields have surged and investors are to 114 00:05:17.879 --> 00:05:22.240 compensate investors for the risk actually, of inflation geopilitical risk 115 00:05:22.319 --> 00:05:26.639 and other concerns. Going on so by increasing the, buy 116 00:05:26.720 --> 00:05:29.839 back they're they're balancing. It out they're trying to bring 117 00:05:29.879 --> 00:05:34.199 down the interest rates on the longer. Term bonds one thing, 118 00:05:34.240 --> 00:05:39.319 to realize this is not the central bank doing quantitative 119 00:05:39.680 --> 00:05:43.839 easing by, buying bonds, you know this is Actually the 120 00:05:43.920 --> 00:05:48.040 treasury buying. Them back so that's a. GOOD thing i 121 00:05:48.079 --> 00:05:50.839 think it makes sense in. This light and we saw 122 00:05:50.959 --> 00:05:54.439 already some impact of that but that this will be short, 123 00:05:54.519 --> 00:05:57.160 term impact but still it's headed in the. Right direction 124 00:05:57.240 --> 00:05:59.399 i'm comfortable, with it, YOU know i. 125 00:05:59.720 --> 00:06:00.319 THINK it. 126 00:06:02.600 --> 00:06:05.560 I think that it's a good move actually by by. 127 00:06:05.680 --> 00:06:09.199 OUR government i when's the LAST time i? Said that? Seth, 128 00:06:10.199 --> 00:06:11.279 Amazing MARK am. 129 00:06:11.279 --> 00:06:13.319 I dreaming that's, PRETTY rare i gotta. 130 00:06:13.360 --> 00:06:15.120 Tell you, but no that, Is, GOOD mark, i mean, 131 00:06:15.160 --> 00:06:17.279 and honestly you had me a little worried because when 132 00:06:17.279 --> 00:06:21.040 you said your kind of your, initial comment it almost 133 00:06:21.040 --> 00:06:23.920 sounded like it Was The treasury department sticking its grubby 134 00:06:23.959 --> 00:06:27.279 paws into a place that. Doesn't belong but after hearing 135 00:06:27.319 --> 00:06:28.800 the rest of, your answer it sounds like maybe this 136 00:06:28.839 --> 00:06:30.439 could be a good thing, After, all, mark. 137 00:06:30.680 --> 00:06:33.399 Right helping to bring because really think, about it our 138 00:06:33.800 --> 00:06:36.879 interest rates on the thirty year on the longer term 139 00:06:37.399 --> 00:06:40.759 bonds have actually reached the highest since two thousand. And 140 00:06:40.879 --> 00:06:43.720 seven we need to get. That down just bringing that 141 00:06:43.839 --> 00:06:47.000 down will help with, the debt which maybe just a, 142 00:06:47.040 --> 00:06:47.600 little bit but. 143 00:06:47.680 --> 00:06:47.959 It'll. 144 00:06:47.959 --> 00:06:49.639 Help mark that was a QUESTION that. 145 00:06:49.759 --> 00:06:52.319 I had is is THE am. 146 00:06:51.879 --> 00:06:54.279 I right to think that this could somehow be related 147 00:06:54.319 --> 00:06:54.920 to our national? 148 00:06:54.959 --> 00:06:56.600 Debt problem and could it help? 149 00:06:56.639 --> 00:07:00.319 Fix that is it just ad is a, debt, Buyback. 150 00:07:00.240 --> 00:07:02.399 Right that was part OF why i made the, Connection, 151 00:07:02.480 --> 00:07:04.240 Here mark is THAT am i thinking? 152 00:07:04.319 --> 00:07:04.480 Right? 153 00:07:04.480 --> 00:07:10.360 There well short term, it could BUT really i don't 154 00:07:10.360 --> 00:07:13.800 think it's going to be. Long term but if we 155 00:07:13.839 --> 00:07:18.120 can pull down inflation a, little bit just a, little 156 00:07:18.160 --> 00:07:22.199 bit because we pulled down the bond rate at the 157 00:07:22.199 --> 00:07:26.480 thirty year bond rate by, this buyback then maybe we 158 00:07:26.519 --> 00:07:30.839 See The federal reserve actually lower, Interest rates so it might. 159 00:07:30.720 --> 00:07:32.040 Start cascading a. 160 00:07:32.040 --> 00:07:35.399 Little bit If The federal reserve starts pulling back, interest 161 00:07:35.480 --> 00:07:38.279 rates then we have even less interest to pay on 162 00:07:38.319 --> 00:07:41.839 the debt and more money to put towards paying down 163 00:07:41.920 --> 00:07:44.600 the debt or spend our reducing our. 164 00:07:44.639 --> 00:07:48.240 Deficit spending so a lot of hope that. 165 00:07:48.480 --> 00:07:51.560 In THAT statement i, just made but it is headed 166 00:07:51.560 --> 00:07:55.120 in the right direction at least we can give, it, That, Right, Yeah. 167 00:07:55.160 --> 00:07:58.759 Mark how might our partners who are heavy and fixed 168 00:07:58.800 --> 00:08:03.639 income consider this whether they should change anything or just 169 00:08:03.680 --> 00:08:06.360 continue business as usual, based well if, they're already. 170 00:08:06.040 --> 00:08:08.800 If they're heavy and fixed income, right now when when 171 00:08:08.959 --> 00:08:13.639 the When the treasury starts? Buying Back, more LIKE like, 172 00:08:13.680 --> 00:08:16.600 i said that is just another person in the open 173 00:08:16.720 --> 00:08:20.279 market bidding on. These bonds so it bids up the 174 00:08:20.319 --> 00:08:23.399 price of, the bonds which is most people know if 175 00:08:23.399 --> 00:08:25.560 the price is, going up the interest rates are. Coming 176 00:08:25.600 --> 00:08:28.399 down so effectively you may see a little bit of 177 00:08:28.439 --> 00:08:31.519 a boost in the price of. Your bonds it could help. Your, 178 00:08:31.560 --> 00:08:33.480 portfolio yeah very. 179 00:08:33.519 --> 00:08:36.440 Good Stuff mark james in the chat says What the 180 00:08:36.440 --> 00:08:39.799 treasury doing is doing is like increasing the minimum payment 181 00:08:39.840 --> 00:08:43.200 on our, credit card but not paying off the principle or. 182 00:08:43.240 --> 00:08:46.039 Increasing income he went on to, Say later i'm glad you. 183 00:08:46.159 --> 00:08:48.919 LIKE it i thought it was just. Smoking, mirrors, YEAH 184 00:08:48.919 --> 00:08:49.600 well i. 185 00:08:49.919 --> 00:08:53.720 Think there's a good reason to think anything our government 186 00:08:53.799 --> 00:08:54.600 does is. Smoking. 187 00:08:54.639 --> 00:08:57.240 Mirrors JAMES but i LIKE your i like the way you're. 188 00:08:57.240 --> 00:08:59.559 Saying that it's it's making a little extra payment on a, 189 00:08:59.600 --> 00:09:02.360 credit card, because effectively that is what treasury. 190 00:09:02.399 --> 00:09:05.639 Bonds are their IOUs of our government. 191 00:09:05.639 --> 00:09:10.480 That are taking our future income taxes and saying we're 192 00:09:10.480 --> 00:09:12.720 going to borrow this money and we'll pay it back 193 00:09:12.799 --> 00:09:14.559 later with our kids and our kids. 194 00:09:14.679 --> 00:09:16.600 Income taxes so we're laying it on. 195 00:09:16.639 --> 00:09:20.480 Our kids so effectively we're, paying down we are paying 196 00:09:21.600 --> 00:09:23.240 up front a little bit more on. 197 00:09:23.159 --> 00:09:25.279 The interest in retiring some of. 198 00:09:25.320 --> 00:09:28.559 Those bonds what will happen is probably the government. Will 199 00:09:28.600 --> 00:09:32.919 Start the treasury might if they're working well with this 200 00:09:33.799 --> 00:09:37.600 administration could actually start shortening the term of the bonds that, 201 00:09:37.639 --> 00:09:42.039 they're promoting so issuing more shorter term bonds with, less 202 00:09:42.240 --> 00:09:44.200 interest lower interest. 203 00:09:43.840 --> 00:09:46.320 On them and the whole idea is to pull the interest. 204 00:09:46.399 --> 00:09:49.600 Rates down have that effect on the economy of lowering 205 00:09:49.679 --> 00:09:52.960 interest rates just a, little bit so that maybe that 206 00:09:53.200 --> 00:09:57.679 can Help The federal reserve to reduce its. Interest rates 207 00:09:57.759 --> 00:10:01.120 and as everybody starts to reducing its interest we create 208 00:10:01.200 --> 00:10:04.279 an economy where it's easier to buy, a house easier 209 00:10:04.519 --> 00:10:08.759 to buy, a car easier to get yourself, in debt 210 00:10:09.000 --> 00:10:11.159 and do Everything the bible tells us not, to do 211 00:10:11.480 --> 00:10:14.600 but it could help. The economy and if the focus, 212 00:10:14.720 --> 00:10:18.519 is correct they could actually start reducing the deficit by 213 00:10:18.559 --> 00:10:21.879 not having a trillion dollars in interest payments. A year 214 00:10:21.919 --> 00:10:26.120 that money could go towards other things that they at 215 00:10:26.159 --> 00:10:28.960 reducing the deficit and not have to borrow a trillion 216 00:10:29.039 --> 00:10:31.120 dollars a year to pay the interest on the. 217 00:10:31.159 --> 00:10:32.919 Credit, CARD james i like. 218 00:10:33.000 --> 00:10:36.919 Your analogy thank you for, Posting that thank you for bringing. 219 00:10:36.919 --> 00:10:38.120 That out this is. 220 00:10:38.240 --> 00:10:42.279 Financial issues the number here is six ten three six three. 221 00:10:42.320 --> 00:10:43.559 Eleven ten give. 222 00:10:43.639 --> 00:10:47.440 Us call maybe you got some questions about debt personal. 223 00:10:47.799 --> 00:10:49.120 Or governmental we'd love to. 224 00:10:49.120 --> 00:11:09.440 Hear, it books six ten three sixty three. 225 00:11:09.600 --> 00:11:12.480 Eleven ten that's a number that you can get, excited 226 00:11:12.480 --> 00:11:14.279 about is the number to call into? 227 00:11:14.279 --> 00:11:17.159 The show sixt ten Three, six yeah, Thank. You mark 228 00:11:17.519 --> 00:11:18.600 it is something you. 229 00:11:18.600 --> 00:11:21.279 Get excited you can't get excited about just numbers. 230 00:11:21.320 --> 00:11:23.879 In, JOKE yeah, i mean especially when it's the number 231 00:11:23.919 --> 00:11:27.080 of our, national debt which right now has eclipsed forty, 232 00:11:27.120 --> 00:11:28.480 trillion dollars. 233 00:11:28.440 --> 00:11:28.919 So we can. 234 00:11:29.000 --> 00:11:31.399 Celebrate, again books Thank you eddie for bringing that up 235 00:11:31.440 --> 00:11:32.639 in the chat and ruining the. 236 00:11:32.840 --> 00:11:35.000 Entire, Show no i'm Just. Kidding eddie for. The week 237 00:11:36.000 --> 00:11:37.480 that's right for. The week no, show. 238 00:11:37.519 --> 00:11:41.759 Tomorrow, exactly no that's that's what we're looking, Like. THERE mark, 239 00:11:41.840 --> 00:11:44.080 i mean the ONLY thing i can SAY whenever i 240 00:11:44.120 --> 00:11:46.519 look up this live national debt clock is if you 241 00:11:46.600 --> 00:11:49.799 want to, get frustrated this is a good place, to 242 00:11:49.840 --> 00:11:50.519 go because it'll. 243 00:11:50.519 --> 00:11:53.639 Frustrate you. Believe me my muted response, is, just well 244 00:11:53.679 --> 00:11:54.440 that doesn't. Look, good. 245 00:11:54.559 --> 00:11:56.559 YEAH exactly i mean these numbers are so big you 246 00:11:56.600 --> 00:11:59.120 can to. Comprehend them. Forty trillion i've never had forty 247 00:11:59.159 --> 00:11:59.720 trillion of anything. 248 00:11:59.759 --> 00:12:04.080 My life you can't comprehend. A trillion it's hard to comprehend, 249 00:12:04.080 --> 00:12:07.960 A billion, i mean and that's a term that's tossed 250 00:12:07.960 --> 00:12:11.120 around all the, Time NOW so i. Don't know you 251 00:12:11.600 --> 00:12:16.360 have to think, about THIS and I guess i'm a little, Bit, 252 00:12:16.399 --> 00:12:20.279 DISAPPOINTED seth i have to tell you. FORTY trillion i 253 00:12:20.360 --> 00:12:24.080 really had hoped that this administration was going to hold 254 00:12:24.159 --> 00:12:28.960 back increasing the debt and actually. DECREASE it i don't 255 00:12:28.960 --> 00:12:29.879 know if we're going to see. 256 00:12:29.879 --> 00:12:32.000 That now we've. 257 00:12:31.639 --> 00:12:35.639 Gone two trillion dollars now since this administration. Has started 258 00:12:36.840 --> 00:12:40.799 maybe it's taken longer to get. The FOUNDATIONS and i understand, 259 00:12:40.840 --> 00:12:43.840 THE war i understand those kind, of THINGS but i 260 00:12:43.960 --> 00:12:46.720 just thought they were able to juggle more than maybe 261 00:12:46.759 --> 00:12:47.679 they are able. 262 00:12:47.679 --> 00:12:50.279 To go i'm a little bit depressed this morning from. 263 00:12:50.279 --> 00:12:52.320 THAT number i guess that's the best way to. 264 00:12:52.360 --> 00:12:53.799 Say It but god's. 265 00:12:53.840 --> 00:12:56.279 In control we'll see where he, takes it, and maybe 266 00:12:56.799 --> 00:12:59.679 just like Everything else, trump does maybe as a card 267 00:12:59.759 --> 00:13:02.639 up as sleeve we haven't. Seen, yet yeah, Hopefully. 268 00:13:02.679 --> 00:13:04.480 So mark the good news is we do serve An, 269 00:13:04.519 --> 00:13:07.840 awesome god and we don't often think about the Fact 270 00:13:07.879 --> 00:13:11.399 that god is also sovereign over economics. AS well, i mean, 271 00:13:11.600 --> 00:13:14.799 You know colossians one tells us That in christ all things, 272 00:13:14.799 --> 00:13:17.120 hold together and that's true of the economic system. 273 00:13:17.159 --> 00:13:17.879 As well god is. 274 00:13:17.919 --> 00:13:20.399 The One it's, god's hand that's the invisible Hand That adam. 275 00:13:20.440 --> 00:13:24.120 Smith referenced you, know that you know free free. Market 276 00:13:24.159 --> 00:13:26.159 Ideas so god can. Fix it he. 277 00:13:26.240 --> 00:13:31.480 Sure can. He can but usually if we look Into, 278 00:13:31.559 --> 00:13:34.320 the Bible when god has to step in to, fix 279 00:13:34.360 --> 00:13:35.159 something it's not. 280 00:13:35.320 --> 00:13:37.720 Pretty TRUE so. 281 00:13:37.759 --> 00:13:41.600 I mean and it often looks like whipping the consequences 282 00:13:41.600 --> 00:13:41.840 of your. 283 00:13:41.840 --> 00:13:43.399 Own, actions yeah and that's. 284 00:13:43.279 --> 00:13:44.120 What it's going to come. 285 00:13:44.159 --> 00:13:46.960 Down, to unfortunately if we do not get in, under 286 00:13:46.960 --> 00:13:49.519 control if we don't vote in the right people this, 287 00:13:49.639 --> 00:13:53.720 midterm election if these things. WON'T happen i hope everybody. 288 00:13:53.759 --> 00:13:54.159 Hears this. 289 00:13:54.759 --> 00:13:58.480 The Debt if freeman has a new book. 290 00:13:58.200 --> 00:14:01.519 Coming Out The, four horsemen one of the horsemen that 291 00:14:01.720 --> 00:14:05.559 and they're all the horsemen that Could. Destroy america he 292 00:14:05.600 --> 00:14:09.080 agrees with me that debt is one of. THOSE horsemen 293 00:14:09.519 --> 00:14:13.000 i believe. It is it is most the, most LIKELY 294 00:14:13.240 --> 00:14:17.159 and i think it is the most dangerous of all. 295 00:14:17.200 --> 00:14:19.879 The Others over china and the other things that he 296 00:14:19.960 --> 00:14:23.000 says talks about in. The book we have to be 297 00:14:23.240 --> 00:14:27.279 very careful right now because our debt Could. Destroy america 298 00:14:27.799 --> 00:14:31.559 we could go into a ten twenty year recession depression 299 00:14:32.080 --> 00:14:34.559 if this Debt gets if this debt does not get, 300 00:14:34.639 --> 00:14:38.360 UNDER control i believe within just a. 301 00:14:38.320 --> 00:14:39.840 Few years we have to get it. 302 00:14:39.879 --> 00:14:44.159 Under control people haven't been taken, me, serious obviously the. 303 00:14:44.200 --> 00:14:48.519 Administration HASN'T but i or if, they HAVE like, I 304 00:14:48.559 --> 00:14:51.000 said i hope they have a plan behind. The scenes 305 00:14:51.039 --> 00:14:55.639 we're not seen and they're. Laying, foundations otherwise this debt 306 00:14:55.720 --> 00:14:58.960 will cause our dollar to lose its lose, its value 307 00:14:59.039 --> 00:15:02.879 lose its in. World trade when, that happens we'll see 308 00:15:02.960 --> 00:15:05.600 interest rates go through that we'll see hyperinflation Here in 309 00:15:05.639 --> 00:15:10.159 america as our as our central rate starts printing money 310 00:15:10.240 --> 00:15:15.519 to try and shore up, our economy we'll see inflation. 311 00:15:15.679 --> 00:15:18.159 Go crazy and then we'll see all the all the 312 00:15:18.240 --> 00:15:22.039 economic breakdown that we see when inflation does go through 313 00:15:22.039 --> 00:15:25.559 the ceiling and you don't heal, that overnight even If 314 00:15:25.559 --> 00:15:30.399 we usually when things get really bad for, some reason 315 00:15:30.480 --> 00:15:34.799 people get smarter and start electing. Better people but this could, take, four, eight, 316 00:15:34.919 --> 00:15:39.279 ten twelve twenty years to recover fully, From. That folks 317 00:15:39.320 --> 00:15:42.639 we need to vote right this. This election we need 318 00:15:42.679 --> 00:15:46.360 to get the right people in and give this administration 319 00:15:46.480 --> 00:15:47.879 the strength they need to turn. This. 320 00:15:48.000 --> 00:15:51.600 Around, Yeah mark before we Get, to dennis a very 321 00:15:51.639 --> 00:15:53.559 interesting comment in our chat HERE that i want to 322 00:15:53.600 --> 00:15:55.639 read to our. General audience by, the, way folks we 323 00:15:55.679 --> 00:15:57.200 got a couple of lines open six ten three six 324 00:15:57.240 --> 00:15:59.240 three Eleven ten john and The chat mark. 325 00:15:59.320 --> 00:16:02.159 Said this In, the bible the number forty. 326 00:16:01.799 --> 00:16:05.480 Primarily symbolizes a period, of, testing, trial probation, or judgment 327 00:16:05.559 --> 00:16:08.879 often serving as a season of preparation before a significant 328 00:16:08.879 --> 00:16:11.279 transition or. New beginning while it appears literally as a, 329 00:16:11.279 --> 00:16:14.320 specific duration it also functions as a spiritual symbol, of, 330 00:16:14.320 --> 00:16:18.679 transformation repentance, spiritual growth marking the time necessary to strip, away, 331 00:16:18.679 --> 00:16:22.039 comfort sin and relying realign with. Divine purpose you see 332 00:16:22.039 --> 00:16:24.799 the number forty throughout. The scriptures MARK and i do 333 00:16:24.840 --> 00:16:27.120 think it is fascinating that we hit forty trillion dollars, 334 00:16:27.159 --> 00:16:29.600 in debt and it seems like our country is due 335 00:16:30.120 --> 00:16:34.080 for some, spiritual transformation necessary spiritual transformation. AS well i 336 00:16:34.080 --> 00:16:36.039 don't want to Get To tinfoil hattie, with THAT but 337 00:16:36.679 --> 00:16:38.399 i do think we can draw some, parallels there. 338 00:16:38.480 --> 00:16:45.000 For Sure, TINFOIL hattie i. Knew, her yeah it's, really nice, 339 00:16:45.919 --> 00:16:49.039 YOU know i, appreciate that and it kind of does, 340 00:16:49.080 --> 00:16:51.159 make sense, you know forty years in, the desert all 341 00:16:51.159 --> 00:16:53.600 those kind. Of, THINGS now i don't buy in a lot, 342 00:16:53.639 --> 00:16:58.519 to NUMEROLOGY but i do buy into biblical definitions of. 343 00:16:58.600 --> 00:17:01.480 Certain things one of, the things and it does seem 344 00:17:01.519 --> 00:17:05.920 like we're at that time where. We're beyond we're beyond 345 00:17:06.000 --> 00:17:08.240 just playing. With. It now we need to do something. 346 00:17:08.279 --> 00:17:11.559 About IT and i hope that everybody does take. This 347 00:17:11.680 --> 00:17:14.680 serious we shouldn't get depressed. About. It though one of 348 00:17:14.680 --> 00:17:17.359 the things that that kind of goes in line with 349 00:17:17.400 --> 00:17:19.799 that is we're seeing a lot of young men and 350 00:17:19.839 --> 00:17:23.599 women coming Back, to christ going to church actually, seeking 351 00:17:23.680 --> 00:17:27.759 truth not just seeking somebody to, say yeah whatever they do. 352 00:17:27.880 --> 00:17:31.799 Is okay they're looking, for truth they're looking, for purpose 353 00:17:32.000 --> 00:17:34.559 and they're finding It in christ In The united states 354 00:17:34.839 --> 00:17:37.799 more so than, last year or the last, ten years 355 00:17:37.880 --> 00:17:40.480 or even the last. Twenty years so younger people Come 356 00:17:40.519 --> 00:17:43.559 to christ as a. Good sign i'm also seeing in my, 357 00:17:43.720 --> 00:17:47.279 Own life i'm seeing older People that i'm, finding that, 358 00:17:47.359 --> 00:17:50.000 you know so and so friends of my father who 359 00:17:50.359 --> 00:17:53.240 who's in his nineties Coming to christ and stuff. Like 360 00:17:53.279 --> 00:17:56.599 THAT so i just think. It's, incredible yeah there's there's 361 00:17:56.799 --> 00:17:59.759 there's something. Going on let's be on. Our knees let's 362 00:17:59.759 --> 00:18:03.920 be in constant communication With our Lord, and, savior awareness 363 00:18:03.960 --> 00:18:07.119 consciousness that, he's there and thanking him for the wonderful 364 00:18:07.160 --> 00:18:10.319 things he is doing and giving us the strength the 365 00:18:10.359 --> 00:18:14.039 power of the wisdom to do great things ourselves in, 366 00:18:14.079 --> 00:18:19.920 his name such as vote In conservative christians who will, 367 00:18:20.160 --> 00:18:21.279 total line who will. 368 00:18:21.319 --> 00:18:25.279 Not, Compromise amen mark six ten three six three, Eleven, 369 00:18:25.319 --> 00:18:27.119 ten mark why don't we Go To north carolina and Talk? 370 00:18:27.160 --> 00:18:30.440 To dennis? Shall? WE well I Love. North carolina welcome to. The, 371 00:18:30.480 --> 00:18:35.359 show dennis all, With us, Good morning god. 372 00:18:35.359 --> 00:18:36.119 Bless you what's on? 373 00:18:36.160 --> 00:18:39.519 Your, MIND well i Live In. 374 00:18:39.519 --> 00:18:42.680 NORTH carolina i have a son that Lives In south 375 00:18:42.720 --> 00:18:46.839 CAROLINA and i have been talking to him about. Financial 376 00:18:46.960 --> 00:18:51.319 issues and he's one of those big. Coins guys and. 377 00:18:55.440 --> 00:18:55.480 He. 378 00:18:55.640 --> 00:19:00.200 Came home he comes home about once, a month and 379 00:19:00.319 --> 00:19:03.000 uh hate. The dad, HE said i know you're. Doing 380 00:19:03.079 --> 00:19:07.880 this i'm gonna give you a ticker here and let 381 00:19:07.920 --> 00:19:10.680 me know what you think about. THE stock, I said 382 00:19:10.720 --> 00:19:12.799 i can tell you, RIGHT now i don't, know ANYTHING 383 00:19:13.680 --> 00:19:15.559 but i can get talk to someone. 384 00:19:15.599 --> 00:19:18.400 Who does And. 385 00:19:17.920 --> 00:19:20.880 Did did they give you the TICKER that i always 386 00:19:20.880 --> 00:19:21.200 wanted to. 387 00:19:21.200 --> 00:19:22.720 GIVE you i think it. 388 00:19:22.680 --> 00:19:27.359 WAS Abc, l, yes, SIR yeah i see that on the. 389 00:19:27.400 --> 00:19:31.079 Screen. Here yeah so so you're interested in, IN this 390 00:19:32.359 --> 00:19:34.000 i think we need to look, it up. You know 391 00:19:34.039 --> 00:19:38.480 the first stage for us is to look it up through. 392 00:19:38.519 --> 00:19:44.400 Evaluator services market is two and so. It is it, 393 00:19:44.519 --> 00:19:47.920 is clean which means that it's okay for us to 394 00:19:47.960 --> 00:19:51.000 move forward with looking at its, balance sheet looking at its, 395 00:19:51.039 --> 00:19:53.759 income statement looking. At stuff otherwise we would have just 396 00:19:53.839 --> 00:19:56.519 taken it off the table, and said no use spending 397 00:19:56.559 --> 00:19:59.279 our time. On this, it's ugly IT'S sant. I got 398 00:19:59.599 --> 00:20:03.359 but this one passes the first gate and. That's good with, 399 00:20:03.519 --> 00:20:06.160 that said, YOU know i can look. At it it's 400 00:20:06.279 --> 00:20:09.400 business quality IS what i would, call mixed which means 401 00:20:10.039 --> 00:20:13.359