Speaker 1: Welcome to Financial Issues, where we help you steward faithfully
Speaker 1: by honoring God with your investments. Now, listen in as
Speaker 1: we give you the practical tools and advice you need
Speaker 1: to become a biblically responsible investor.
Speaker 2: This is Financial Issues, where we help you defund darkness
Speaker 2: and fund the light by investing with biblical integrity. Folks,
Speaker 2: on today's show, the US government is buying back debt.
Speaker 3: Why should I care?
Speaker 4: You may ask?
Speaker 5: Well, glad you asked, We got the answer for you.
Speaker 2: Sethi Dinsky, Sam Case over the control room and your
Speaker 2: host Mark Manila.
Speaker 5: Mark, you ready to tell us why we should care
Speaker 5: about this?
Speaker 4: Can't wait? This is gonna be fun. Good morning everyone,
Speaker 4: It's gonna be fun.
Speaker 2: Hey, listen, folks, before we get to it, the phone
Speaker 2: number is six' ten three six three eleven. Ten phone
Speaker 2: lines are wide, Open fill them. Up we'd love to
Speaker 2: hear from you on This thursday, again six' ten three
Speaker 2: six three eleven ten your calls and questions taking him
Speaker 2: for the. Next hour, All, Right mark so we did
Speaker 2: a yesterday's show with the, following question and you gave
Speaker 2: us a brief answer to close.
Speaker 4: The show This was Gene.
Speaker 2: From louisiana in our chat, He, said mark what percentage
Speaker 2: of our fixed income allocation wood short or could we
Speaker 2: hold in thirty year? Treasury bonds And, then mark we
Speaker 2: also got some news that came out right as the show. Was,
Speaker 2: ending sam give us the details here of what's going
Speaker 2: on here with this government debt buyback program or whatever.
Speaker 6: It is, FOR first i want, to say we need
Speaker 6: to get in touch With the trump administration because they
Speaker 6: need to release this before so we can talk about
Speaker 6: it on.
Speaker 3: The, show yeah days at the end.
Speaker 5: Of The shaw, trump administration we had to be able
Speaker 5: to talk about.
Speaker 6: This live But the trump administration did say yesterday Through The,
Speaker 6: treasury department it will at least double the level of
Speaker 6: government debt buybacks up in the next, few MONTHS. Per
Speaker 6: cnbc under the accelerated buy back Led By Treasury Secretary,
Speaker 6: scott besson it will target the ten to twenty year
Speaker 6: and twenty to thirty year portion of, the market which
Speaker 6: has seen a buyers strike Since. Late june the government
Speaker 6: will at, least DOUBLE as, i said the maximum science
Speaker 6: of its buy back operations from two billion to at
Speaker 6: least four Billion starting, september ninth and will stay in
Speaker 6: Effect through. November Fourth, so mark.
Speaker 3: In, layman terms what on earth is going?
Speaker 4: On here.
Speaker 7: In?
Speaker 4: Layman, terms okay, you KNOW before i, Answered that i'd
Speaker 4: like to go Back to jean's question if you don't. Mind, It,
Speaker 4: yeah pa yesterday we were kind of forced by the
Speaker 4: end of the show, on THAT and i really have
Speaker 4: to give them a very.
Speaker 8: Clear Answer, so gene sorry.
Speaker 4: About that But what i'd like to share with you
Speaker 4: is that thirty year treasuries are a little bit different
Speaker 4: than than your. Shorter term, you know they have a
Speaker 4: little bit of a risk that most people don't, think
Speaker 4: about and that risk is the interest. Rate risk the
Speaker 4: price of those bonds can move because of interest rates and,
Speaker 4: everything else and since they have a long term, on
Speaker 4: them you have to be. Very careful if you buy
Speaker 4: in today at, five percent interest rates, go up your
Speaker 4: bonds will end up, being devalued and if you need
Speaker 4: to get rid of them before, they mature you could take.
Speaker 4: A hit so because of the interest, rate risk or
Speaker 4: because of the, price movement because of the, long term
Speaker 4: you got to.
Speaker 8: Be careful THAT'S why i, always say, you know no.
Speaker 4: More than, twenty percent but more generally around ten percent
Speaker 4: would be part of the fixed income the fixed income
Speaker 4: portion of the fixed. Income bucket and unless you unless
Speaker 4: you're one of those people, who, SAY hey i just
Speaker 4: want to hold this. TO me i want to hold
Speaker 4: them all, to maturity and then that's. Okay too if
Speaker 4: you're going to, do that then the interest rate risk.
Speaker 4: Doesn't matter but, right now where the interest rate before
Speaker 4: they announce the, buy back before the interest rates weren't
Speaker 4: that much better than say the twenty year, you know
Speaker 4: half a point, Better really so you're taking on a
Speaker 4: lot more time risk and interest rate risks then you.
Speaker 4: Need to you could just go shorter to twenty years
Speaker 4: or ten years and things. Like That so i'm, just
Speaker 4: saying don't overdo it with the, thirty year even though
Speaker 4: even though it is a decent a decent return, right now,
Speaker 4: decent yield or was before the announcement.
Speaker 8: At that price.
Speaker 4: IT WAS i, I really i don't see any reason
Speaker 4: why you taking that that time risk and the yield
Speaker 4: risks that you would have price risk all that for
Speaker 4: a thirty year IS worthwhile I would i would limit.
Speaker 8: It so that that's for.
Speaker 4: That gene and then the SECOND question i think we're
Speaker 4: talking about is what what are we talking about in
Speaker 4: in terms of double government. Debt, buybacks yeah what? Is
Speaker 4: it why are they?
Speaker 3: Doing it is it even a?
Speaker 4: GOOD thing i?
Speaker 3: Don't know Tell, Us, mark.
Speaker 4: Well the first thing is this Is the treasury stepping
Speaker 4: into the secondary. Bond, markets remember you can buy and
Speaker 4: sell treasury bonds on, the market on the. Open market
Speaker 4: so they're buying back some of the older long term
Speaker 4: government bonds And starting, september ninth And the treasury says
Speaker 4: it will increase it from.
Speaker 8: Two billion to.
Speaker 4: Four billion, you know right now they're buying about two
Speaker 4: billion back during. That timeframe, He said so, Why, now
Speaker 4: well the treasury yields have surged and investors are to
Speaker 4: compensate investors for the risk actually, of inflation geopilitical risk
Speaker 4: and other concerns. Going on so by increasing the, buy
Speaker 4: back they're they're balancing. It out they're trying to bring
Speaker 4: down the interest rates on the longer. Term bonds one thing,
Speaker 4: to realize this is not the central bank doing quantitative
Speaker 4: easing by, buying bonds, you know this is Actually the
Speaker 4: treasury buying. Them back so that's a. GOOD thing i
Speaker 4: think it makes sense in. This light and we saw
Speaker 4: already some impact of that but that this will be short,
Speaker 4: term impact but still it's headed in the. Right direction
Speaker 4: i'm comfortable, with it, YOU know i.
Speaker 8: THINK it.
Speaker 4: I think that it's a good move actually by by.
Speaker 4: OUR government i when's the LAST time i? Said that? Seth,
Speaker 4: Amazing MARK am.
Speaker 3: I dreaming that's, PRETTY rare i gotta.
Speaker 2: Tell you, but no that, Is, GOOD mark, i mean,
Speaker 2: and honestly you had me a little worried because when
Speaker 2: you said your kind of your, initial comment it almost
Speaker 2: sounded like it Was The treasury department sticking its grubby
Speaker 2: paws into a place that. Doesn't belong but after hearing
Speaker 2: the rest of, your answer it sounds like maybe this
Speaker 2: could be a good thing, After, all, mark.
Speaker 4: Right helping to bring because really think, about it our
Speaker 4: interest rates on the thirty year on the longer term
Speaker 4: bonds have actually reached the highest since two thousand. And
Speaker 4: seven we need to get. That down just bringing that
Speaker 4: down will help with, the debt which maybe just a,
Speaker 4: little bit but.
Speaker 8: It'll.
Speaker 4: Help mark that was a QUESTION that.
Speaker 5: I had is is THE am.
Speaker 2: I right to think that this could somehow be related
Speaker 2: to our national?
Speaker 4: Debt problem and could it help?
Speaker 5: Fix that is it just ad is a, debt, Buyback.
Speaker 2: Right that was part OF why i made the, Connection,
Speaker 2: Here mark is THAT am i thinking?
Speaker 9: Right?
Speaker 4: There well short term, it could BUT really i don't
Speaker 4: think it's going to be. Long term but if we
Speaker 4: can pull down inflation a, little bit just a, little
Speaker 4: bit because we pulled down the bond rate at the
Speaker 4: thirty year bond rate by, this buyback then maybe we
Speaker 4: See The federal reserve actually lower, Interest rates so it might.
Speaker 8: Start cascading a.
Speaker 4: Little bit If The federal reserve starts pulling back, interest
Speaker 4: rates then we have even less interest to pay on
Speaker 4: the debt and more money to put towards paying down
Speaker 4: the debt or spend our reducing our.
Speaker 8: Deficit spending so a lot of hope that.
Speaker 4: In THAT statement i, just made but it is headed
Speaker 4: in the right direction at least we can give, it, That, Right, Yeah.
Speaker 2: Mark how might our partners who are heavy and fixed
Speaker 2: income consider this whether they should change anything or just
Speaker 2: continue business as usual, based well if, they're already.
Speaker 4: If they're heavy and fixed income, right now when when
Speaker 4: the When the treasury starts? Buying Back, more LIKE like,
Speaker 4: i said that is just another person in the open
Speaker 4: market bidding on. These bonds so it bids up the
Speaker 4: price of, the bonds which is most people know if
Speaker 4: the price is, going up the interest rates are. Coming
Speaker 4: down so effectively you may see a little bit of
Speaker 4: a boost in the price of. Your bonds it could help. Your,
Speaker 4: portfolio yeah very.
Speaker 6: Good Stuff mark james in the chat says What the
Speaker 6: treasury doing is doing is like increasing the minimum payment
Speaker 6: on our, credit card but not paying off the principle or.
Speaker 6: Increasing income he went on to, Say later i'm glad you.
Speaker 3: LIKE it i thought it was just. Smoking, mirrors, YEAH
Speaker 3: well i.
Speaker 4: Think there's a good reason to think anything our government
Speaker 4: does is. Smoking.
Speaker 8: Mirrors JAMES but i LIKE your i like the way you're.
Speaker 4: Saying that it's it's making a little extra payment on a,
Speaker 4: credit card, because effectively that is what treasury.
Speaker 8: Bonds are their IOUs of our government.
Speaker 4: That are taking our future income taxes and saying we're
Speaker 4: going to borrow this money and we'll pay it back
Speaker 4: later with our kids and our kids.
Speaker 8: Income taxes so we're laying it on.
Speaker 4: Our kids so effectively we're, paying down we are paying
Speaker 4: up front a little bit more on.
Speaker 8: The interest in retiring some of.
Speaker 4: Those bonds what will happen is probably the government. Will
Speaker 4: Start the treasury might if they're working well with this
Speaker 4: administration could actually start shortening the term of the bonds that,
Speaker 4: they're promoting so issuing more shorter term bonds with, less
Speaker 4: interest lower interest.
Speaker 8: On them and the whole idea is to pull the interest.
Speaker 4: Rates down have that effect on the economy of lowering
Speaker 4: interest rates just a, little bit so that maybe that
Speaker 4: can Help The federal reserve to reduce its. Interest rates
Speaker 4: and as everybody starts to reducing its interest we create
Speaker 4: an economy where it's easier to buy, a house easier
Speaker 4: to buy, a car easier to get yourself, in debt
Speaker 4: and do Everything the bible tells us not, to do
Speaker 4: but it could help. The economy and if the focus,
Speaker 4: is correct they could actually start reducing the deficit by
Speaker 4: not having a trillion dollars in interest payments. A year
Speaker 4: that money could go towards other things that they at
Speaker 4: reducing the deficit and not have to borrow a trillion
Speaker 4: dollars a year to pay the interest on the.
Speaker 8: Credit, CARD james i like.
Speaker 4: Your analogy thank you for, Posting that thank you for bringing.
Speaker 8: That out this is.
Speaker 4: Financial issues the number here is six ten three six three.
Speaker 8: Eleven ten give.
Speaker 4: Us call maybe you got some questions about debt personal.
Speaker 8: Or governmental we'd love to.
Speaker 10: Hear, it books six ten three sixty three.
Speaker 2: Eleven ten that's a number that you can get, excited
Speaker 2: about is the number to call into?
Speaker 5: The show sixt ten Three, six yeah, Thank. You mark
Speaker 5: it is something you.
Speaker 8: Get excited you can't get excited about just numbers.
Speaker 2: In, JOKE yeah, i mean especially when it's the number
Speaker 2: of our, national debt which right now has eclipsed forty,
Speaker 2: trillion dollars.
Speaker 1: So we can.
Speaker 2: Celebrate, again books Thank you eddie for bringing that up
Speaker 2: in the chat and ruining the.
Speaker 4: Entire, Show no i'm Just. Kidding eddie for. The week
Speaker 4: that's right for. The week no, show.
Speaker 2: Tomorrow, exactly no that's that's what we're looking, Like. THERE mark,
Speaker 2: i mean the ONLY thing i can SAY whenever i
Speaker 2: look up this live national debt clock is if you
Speaker 2: want to, get frustrated this is a good place, to
Speaker 2: go because it'll.
Speaker 4: Frustrate you. Believe me my muted response, is, just well
Speaker 4: that doesn't. Look, good.
Speaker 2: YEAH exactly i mean these numbers are so big you
Speaker 2: can to. Comprehend them. Forty trillion i've never had forty
Speaker 2: trillion of anything.
Speaker 4: My life you can't comprehend. A trillion it's hard to comprehend,
Speaker 4: A billion, i mean and that's a term that's tossed
Speaker 4: around all the, Time NOW so i. Don't know you
Speaker 4: have to think, about THIS and I guess i'm a little, Bit,
Speaker 4: DISAPPOINTED seth i have to tell you. FORTY trillion i
Speaker 4: really had hoped that this administration was going to hold
Speaker 4: back increasing the debt and actually. DECREASE it i don't
Speaker 4: know if we're going to see.
Speaker 8: That now we've.
Speaker 4: Gone two trillion dollars now since this administration. Has started
Speaker 4: maybe it's taken longer to get. The FOUNDATIONS and i understand,
Speaker 4: THE war i understand those kind, of THINGS but i
Speaker 4: just thought they were able to juggle more than maybe
Speaker 4: they are able.
Speaker 8: To go i'm a little bit depressed this morning from.
Speaker 4: THAT number i guess that's the best way to.
Speaker 8: Say It but god's.
Speaker 4: In control we'll see where he, takes it, and maybe
Speaker 4: just like Everything else, trump does maybe as a card
Speaker 4: up as sleeve we haven't. Seen, yet yeah, Hopefully.
Speaker 2: So mark the good news is we do serve An,
Speaker 2: awesome god and we don't often think about the Fact
Speaker 2: that god is also sovereign over economics. AS well, i mean,
Speaker 2: You know colossians one tells us That in christ all things,
Speaker 2: hold together and that's true of the economic system.
Speaker 4: As well god is.
Speaker 2: The One it's, god's hand that's the invisible Hand That adam.
Speaker 2: Smith referenced you, know that you know free free. Market
Speaker 2: Ideas so god can. Fix it he.
Speaker 4: Sure can. He can but usually if we look Into,
Speaker 4: the Bible when god has to step in to, fix
Speaker 4: something it's not.
Speaker 8: Pretty TRUE so.
Speaker 6: I mean and it often looks like whipping the consequences
Speaker 6: of your.
Speaker 4: Own, actions yeah and that's.
Speaker 8: What it's going to come.
Speaker 4: Down, to unfortunately if we do not get in, under
Speaker 4: control if we don't vote in the right people this,
Speaker 4: midterm election if these things. WON'T happen i hope everybody.
Speaker 4: Hears this.
Speaker 8: The Debt if freeman has a new book.
Speaker 4: Coming Out The, four horsemen one of the horsemen that
Speaker 4: and they're all the horsemen that Could. Destroy america he
Speaker 4: agrees with me that debt is one of. THOSE horsemen
Speaker 4: i believe. It is it is most the, most LIKELY
Speaker 4: and i think it is the most dangerous of all.
Speaker 4: The Others over china and the other things that he
Speaker 4: says talks about in. The book we have to be
Speaker 4: very careful right now because our debt Could. Destroy america
Speaker 4: we could go into a ten twenty year recession depression
Speaker 4: if this Debt gets if this debt does not get,
Speaker 4: UNDER control i believe within just a.
Speaker 8: Few years we have to get it.
Speaker 4: Under control people haven't been taken, me, serious obviously the.
Speaker 4: Administration HASN'T but i or if, they HAVE like, I
Speaker 4: said i hope they have a plan behind. The scenes
Speaker 4: we're not seen and they're. Laying, foundations otherwise this debt
Speaker 4: will cause our dollar to lose its lose, its value
Speaker 4: lose its in. World trade when, that happens we'll see
Speaker 4: interest rates go through that we'll see hyperinflation Here in
Speaker 4: america as our as our central rate starts printing money
Speaker 4: to try and shore up, our economy we'll see inflation.
Speaker 4: Go crazy and then we'll see all the all the
Speaker 4: economic breakdown that we see when inflation does go through
Speaker 4: the ceiling and you don't heal, that overnight even If
Speaker 4: we usually when things get really bad for, some reason
Speaker 4: people get smarter and start electing. Better people but this could, take, four, eight,
Speaker 4: ten twelve twenty years to recover fully, From. That folks
Speaker 4: we need to vote right this. This election we need
Speaker 4: to get the right people in and give this administration
Speaker 4: the strength they need to turn. This.
Speaker 2: Around, Yeah mark before we Get, to dennis a very
Speaker 2: interesting comment in our chat HERE that i want to
Speaker 2: read to our. General audience by, the, way folks we
Speaker 2: got a couple of lines open six ten three six
Speaker 2: three Eleven ten john and The chat mark.
Speaker 5: Said this In, the bible the number forty.
Speaker 2: Primarily symbolizes a period, of, testing, trial probation, or judgment
Speaker 2: often serving as a season of preparation before a significant
Speaker 2: transition or. New beginning while it appears literally as a,
Speaker 2: specific duration it also functions as a spiritual symbol, of,
Speaker 2: transformation repentance, spiritual growth marking the time necessary to strip, away,
Speaker 2: comfort sin and relying realign with. Divine purpose you see
Speaker 2: the number forty throughout. The scriptures MARK and i do
Speaker 2: think it is fascinating that we hit forty trillion dollars,
Speaker 2: in debt and it seems like our country is due
Speaker 2: for some, spiritual transformation necessary spiritual transformation. AS well i
Speaker 2: don't want to Get To tinfoil hattie, with THAT but
Speaker 2: i do think we can draw some, parallels there.
Speaker 4: For Sure, TINFOIL hattie i. Knew, her yeah it's, really nice,
Speaker 4: YOU know i, appreciate that and it kind of does,
Speaker 4: make sense, you know forty years in, the desert all
Speaker 4: those kind. Of, THINGS now i don't buy in a lot,
Speaker 4: to NUMEROLOGY but i do buy into biblical definitions of.
Speaker 4: Certain things one of, the things and it does seem
Speaker 4: like we're at that time where. We're beyond we're beyond
Speaker 4: just playing. With. It now we need to do something.
Speaker 4: About IT and i hope that everybody does take. This
Speaker 4: serious we shouldn't get depressed. About. It though one of
Speaker 4: the things that that kind of goes in line with
Speaker 4: that is we're seeing a lot of young men and
Speaker 4: women coming Back, to christ going to church actually, seeking
Speaker 4: truth not just seeking somebody to, say yeah whatever they do.
Speaker 4: Is okay they're looking, for truth they're looking, for purpose
Speaker 4: and they're finding It in christ In The united states
Speaker 4: more so than, last year or the last, ten years
Speaker 4: or even the last. Twenty years so younger people Come
Speaker 4: to christ as a. Good sign i'm also seeing in my,
Speaker 4: Own life i'm seeing older People that i'm, finding that,
Speaker 4: you know so and so friends of my father who
Speaker 4: who's in his nineties Coming to christ and stuff. Like
Speaker 4: THAT so i just think. It's, incredible yeah there's there's
Speaker 4: there's something. Going on let's be on. Our knees let's
Speaker 4: be in constant communication With our Lord, and, savior awareness
Speaker 4: consciousness that, he's there and thanking him for the wonderful
Speaker 4: things he is doing and giving us the strength the
Speaker 4: power of the wisdom to do great things ourselves in,
Speaker 4: his name such as vote In conservative christians who will,
Speaker 4: total line who will.
Speaker 2: Not, Compromise amen mark six ten three six three, Eleven,
Speaker 2: ten mark why don't we Go To north carolina and Talk?
Speaker 4: To dennis? Shall? WE well I Love. North carolina welcome to. The,
Speaker 4: show dennis all, With us, Good morning god.
Speaker 8: Bless you what's on?
Speaker 4: Your, MIND well i Live In.
Speaker 9: NORTH carolina i have a son that Lives In south
Speaker 9: CAROLINA and i have been talking to him about. Financial
Speaker 9: issues and he's one of those big. Coins guys and.
Speaker 4: He.
Speaker 11: Came home he comes home about once, a month and
Speaker 11: uh hate. The dad, HE said i know you're. Doing
Speaker 11: this i'm gonna give you a ticker here and let
Speaker 11: me know what you think about. THE stock, I said
Speaker 11: i can tell you, RIGHT now i don't, know ANYTHING
Speaker 11: but i can get talk to someone.
Speaker 9: Who does And.
Speaker 11: Did did they give you the TICKER that i always
Speaker 11: wanted to.
Speaker 9: GIVE you i think it.
Speaker 8: WAS Abc, l, yes, SIR yeah i see that on the.
Speaker 4: Screen. Here yeah so so you're interested in, IN this
Speaker 4: i think we need to look, it up. You know
Speaker 4: the first stage for us is to look it up through.
Speaker 4: Evaluator services market is two and so. It is it,
Speaker 4: is clean which means that it's okay for us to
Speaker 4: move forward with looking at its, balance sheet looking at its,
Speaker 4: income statement looking. At stuff otherwise we would have just
Speaker 4: taken it off the table, and said no use spending
Speaker 4: our time. On this, it's ugly IT'S sant. I got
Speaker 4: but this one passes the first gate and. That's good with,
Speaker 4: that said, YOU know i can look. At it it's
Speaker 4: business quality IS what i would, call mixed which means
Speaker 4: there's some weaknesses. In it the valuation is what i'd,
Speaker 4: call rich meaning that a lot of people are getting
Speaker 4: behind this, right now so it's got a momentum.
Speaker 8: To it as far as the, stock price we can look. At, it.
Speaker 4: Obviously we don't have it on our. By list but
Speaker 4: there's there's some good positive About. ABS silaria i think
Speaker 4: it's called recently signed a major Collaboration With jazz Pharmaceuticals,
Speaker 4: and vertex bringing more than one hundred million dollars of
Speaker 4: upfront payments. To them so the company reported more than
Speaker 4: five hundred and sixty five million of cash and, marketable
Speaker 4: securities so they got six hundred and seventy five million.
Speaker 4: Available liquidity that's a strong. Point here the balance, sheet
Speaker 4: therefore isn't our concern. With US where i would get
Speaker 4: cautious is the trailing twelve month revenue is only about
Speaker 4: sixty six million dollars while the company lost one hundred
Speaker 4: and sixty five million dollars last year in the trailing,
Speaker 4: Twelve months That's where i'd. Be concerned and it generated
Speaker 4: roughly a negative one hundred and twenty million of free
Speaker 4: casual meaning there is no meaningful pe or peg ratio
Speaker 4: to look. At this so this is in the very,
Speaker 4: early stages even though they are, getting contracts even though.
Speaker 4: They're growing this would BE what i would call a.
Speaker 4: Spec stock it's not. THERE yet i would not put
Speaker 4: this on the by list for the financial issue of
Speaker 4: partners at. This point but that doesn't mean it doesn't
Speaker 4: have a lot of potential with what. It's doing pharmaceutical
Speaker 4: companies are like this and they have to go through all.
Speaker 4: This research, for Example on, august tenth they produce A
Speaker 4: positive phase two result in menopausal hot. Flash drug so
Speaker 4: the stock acted accordingly and essentially became a bet on
Speaker 4: the commercial potential of.
Speaker 8: This program so that's why it's shot through.
Speaker 4: The ceiling so my bottom line, on it Really the
Speaker 4: phase two results were. Legitimately Encouraging The jazz vertex collaborations
Speaker 4: validate parts of, the platform and it's got enough liquidity
Speaker 4: that near term financing pressure is not. A concern but
Speaker 4: we're still dealing with the, negative earnings negative FREE, cash
Speaker 4: fual substantially clinical and regulatory risk of a stock that
Speaker 4: has more than doubled its technical. Over extensions so, it's
Speaker 4: overvalued it's business quality. IS mixed i will continue to,
Speaker 4: watch IT but i can't put it ON the bi
Speaker 4: list at.
Speaker 8: This time it's too risky for the MAJORITY.
Speaker 9: Of, Us, okay well during And well i'm gonna. Do
Speaker 9: now i've been trying to recruit him INTO f I,
Speaker 9: s M and i'm going to give him to listen
Speaker 9: to what you just said and HELP little I think
Speaker 9: i've almost. Gotten there i'm gonna buy his way in
Speaker 9: because he stocks he, just well.
Speaker 4: He's a young. Man too he can he can go
Speaker 4: at these kind. OF risks a younger person can.
Speaker 8: Do THAT so i like. The science i'm potential.
Speaker 4: BEHIND it i just don't like the price, of IT
Speaker 4: and i don't like the risks that are there for the.
Speaker 4: Average person. It's clean if he can take, that risk good.
Speaker 4: For him sixth in three sixty three eleven to stay,
Speaker 4: with us, and uh if, you can't you can you
Speaker 4: can by going to financial issues. Dot org grateful to have, you.
Speaker 5: Today folks market's. Just open we'll take a look at
Speaker 5: where they're at in just. A moment today's show brought
Speaker 5: to You By.
Speaker 2: Samaritan ministries so grateful for the work they do and
Speaker 2: providing Freedom for christians to be able to get off
Speaker 2: the rat race of big healthcare and really experience true.
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Speaker 2: to learn more.
Speaker 4: About.
Speaker 2: That mark here's a good Question from Justin. In texas
Speaker 2: justin asked great questions on. The chat, in fact earlier,
Speaker 2: this week he was asking about what to do with
Speaker 2: believe it was three hundred and fifty thousand dollars that
Speaker 2: he has ready, to deploy but, he's asking, You.
Speaker 5: Know japan the market had to be.
Speaker 2: Saved There the korean market had to halt trading, this
Speaker 2: week printing money thirty year highs on the. Bond treasuries
Speaker 2: the pullback that we've. Been seeing justin's big question mark
Speaker 2: is should we?
Speaker 4: Be, worried well please you run for?
Speaker 7: Your?
Speaker 8: Life, Question, no justin thanks for.
Speaker 4: That, Question actually i'm going to tell, you no you shouldn't,
Speaker 4: be worried but not for the reasons, you think but
Speaker 4: because of.
Speaker 8: Our faith god tells us not to.
Speaker 4: Be worried we can't change a single Thing that he
Speaker 4: does not allow us, to change and we can only
Speaker 4: change those Things that he empowers us. To change we,
Speaker 4: shouldn't worry but we should take. It serious we should
Speaker 4: see around the world that there is an economic war. Going, On, China,
Speaker 4: russia iran other places are trying to Destroy the.
Speaker 8: American way and our.
Speaker 4: Allies way they're trying to destroy, every market, every dollar
Speaker 4: every inn or whatever you want to, call it whatever
Speaker 4: the currency is in these. Other nations they are doing
Speaker 4: their best to, do it and we are along with,
Speaker 4: our allies doing the best we can to do the same.
Speaker 4: To them this is something most people don't. Think about
Speaker 4: we were at War with russia for a very very
Speaker 4: long time and, still are but it was an. Economic
Speaker 4: war we brought them down During the. Reagan years they
Speaker 4: finally hit bottom. Of that they finally lost, that war
Speaker 4: but Then as putin took over as a, started rebuilding
Speaker 4: that war. Still, on yes it is something that we
Speaker 4: should be aware conscious about.
Speaker 8: And we should also be looking for the opportunities.
Speaker 4: In. There international by, the way international stocks just step
Speaker 4: BACK to us stocks as far as the.
Speaker 8: Sectors go as far.
Speaker 4: As the type, OF investments i prefer Staying in america
Speaker 4: when investing now more, than ever with the economic war,
Speaker 4: going on we want to be very careful about. Investing
Speaker 4: internationally so when we look at, our portfolios, Consider, that
Speaker 4: yeah international took over for, a while but with this,
Speaker 4: money war with this economic war going on around, the
Speaker 4: world as as we use It, Against iran Russia and
Speaker 4: china are using it. Against us they're trying To destroy
Speaker 4: taiwan's trying to trying to Get in korea to to
Speaker 4: uh weaken h there, As, well uh it's, very complicated it's.
Speaker 4: Very deep it always. HAS been i think justin you're
Speaker 4: waking up and and you're coming to a consciousness about
Speaker 4: some of, these things and it can make.
Speaker 7: You.
Speaker 8: Worry uh one of.
Speaker 4: THE things i know somebody who stopped watching the news
Speaker 4: because his awareness on these things became so great that
Speaker 4: he was constantly trying to juggle and put all the.
Speaker 4: Pieces together couldn't sleep, at night he had. Sleep problems
Speaker 4: he actually started going Seeing a. Christian counselor he started,
Speaker 4: taking uh, you know taking the drugs they that they
Speaker 4: that his doctors started. Giving them it ruined his life because.
Speaker 4: He worried we are not, to worry we're to Trust.
Speaker 4: In god fear is you know what the opposite of.
Speaker 4: Fear is justin it's. Called faith we have to trust
Speaker 4: That our god knows. What's coming we don't worry. About
Speaker 4: it we just we just bring, it in we, analyze
Speaker 4: it we turn it Over, to god and we move
Speaker 4: on the data based on where We believe god wants us.
Speaker 4: To HAVE so i agree it's, worth understanding it's worth,
Speaker 4: digging into it's worth.
Speaker 8: Looking at but we. Shouldn't worry we should always.
Speaker 4: Go back if you're going to spend an hour in,
Speaker 4: international economics you need to spend an hour In the
Speaker 4: bible just to make sure you're staying grounded and your
Speaker 4: hope is In. THE lord i hope, That, helps JUSTIN
Speaker 4: and i love your questions justin thank you for bringing.
Speaker 2: That, Up, Yeah, hey mark to go on to a
Speaker 2: kind of a specific path with that one mentioning caution
Speaker 2: with international should we apply that same wisdom to, you
Speaker 2: know investments Like The israeli fund, right now with all
Speaker 2: all everything that's been going, On, THERE.
Speaker 4: Well i Think The israeli fund is. Slightly different it is,
Speaker 4: An ally it is our number, one ally and they are,
Speaker 4: very innovative and we're so Intertwined with ISRAEL that i
Speaker 4: see it more like an Extension, of yeah it's just. A,
Speaker 4: step yeah but the whole world's trying to destroy it.
Speaker 4: As well, but remember if they're trying To, destroy israel
Speaker 4: they're trying to.
Speaker 8: Destroy us so they're trying to Destroy this.
Speaker 4: Israels just in, their way they're trying to destroy any
Speaker 4: any country that believes In The One. True, god.
Speaker 2: Yeah, Makes sense mark six ten three six three, Eleven,
Speaker 2: ten mark we got a, question Here from eddie, As.
Speaker 4: Well tennessee, he's saying in.
Speaker 2: Regarding the forty trillion dollars, national debt what options are
Speaker 2: available for actually getting that? Under control they should try debt? Slayer, mark, Right, great.
Speaker 8: Well What what seth is referring?
Speaker 4: TO that i wrote a book thirty, years ago twenty thirty,
Speaker 4: years ago thirty. Years ago over thirty. YEARS ago i
Speaker 4: took a year off of my life from running My
Speaker 4: advisory actually WAS before i actually incorporated, my ADVISORIES when
Speaker 4: i had two partners in a thing Called The Financial,
Speaker 4: engineering center and it was an investment in financial planning
Speaker 4: and a state. PLANNING firm i took a year off
Speaker 4: of that just to help people get out of debt
Speaker 4: and develop the concepts that become became the debt. Slayer
Speaker 4: concepts some of that you've heard on the air here
Speaker 4: talking about building a motor around your castle and those kind.
Speaker 4: Of things actually that, you're right they could use these debt,
Speaker 4: Slayer concepts, But sech i'd say they. Already are when
Speaker 4: they start buying back their, own bonds what they're actually
Speaker 4: doing is repositioning, their debt and that's taming. The beast
Speaker 4: that's the second step a. Debt slayer taming debt is.
Speaker 4: The beast and what you do is you need to
Speaker 4: move your debt to the least harm to move it
Speaker 4: from the most harmful to the least harmful and most
Speaker 4: useful type. Of debt and when you, do that what
Speaker 4: happens is you end up with lower interest rates and
Speaker 4: you end up recovering some of your cash fol to
Speaker 4: put that to a, better purpose whether it's reducing the
Speaker 4: debt or shoring up, your castle your motor around, your
Speaker 4: castle so you don't have to go into debt anymore
Speaker 4: and go through the vicious cycle of, reducing debt, increasing
Speaker 4: debt and, reducing debt never really getting out. Of debt
Speaker 4: so effectively they've taken, that step they're starting to work
Speaker 4: on taming. The beasts now they need to be WORKING
Speaker 4: on i think they need to get their butts going
Speaker 4: on working on the moat around, their castle which means
Speaker 4: they got to get a budget that stays within the
Speaker 4: tax codes that we have and they don't spend more
Speaker 4: then they. Bring in that's. Very important if you can't,
Speaker 4: do that you'll never get out.
Speaker 5: Of debt, You, know mark it's got to be, Nice,
Speaker 5: thinking hey you.
Speaker 4: Know what i'm not spending.
Speaker 2: My money it's the. Taxpayer's MONEY so i can SPEND whatever.
Speaker 2: I want just TAX whatever. I want, then afterwards don't
Speaker 2: get me. Started, anyway well.
Speaker 4: You're not the. One. STARTED unfortunately i believe over half Of,
Speaker 4: our congress over half of, send it and probably a
Speaker 4: lot of people in this administration are still of that
Speaker 4: same state. Of mind they're, self centered selfish people who
Speaker 4: are in politics specifically to pad their pockets with.
Speaker 8: Year dollars we got to get rid of.
Speaker 4: Those traders we got to get in those Who love
Speaker 4: america and who are going to do the right things
Speaker 4: even if it hurts it. Hurts, them, yeah yeah.
Speaker 2: For sure Steven From oklahoma mark asking a. Good question
Speaker 2: can you redeem thirty year bonds early?
Speaker 4: If? Needed, well absolutely thirty year bonds trade on the.
Speaker 4: Open market. You can you can buy and sell them
Speaker 4: on the. Open market you can buy a thirty year
Speaker 4: bond that's already twenty. Years into a thirty, year bond you,
Speaker 4: can buy you can buy all. You know you can.
Speaker 8: Buy bonds you can sell.
Speaker 4: Them absolutely now that doesn't mean you're gonna you're gonna
Speaker 4: buy them or sell them at what they were issued
Speaker 4: at the the yield that they were. Issued at because
Speaker 4: the price of bonds goes up, and down so effect
Speaker 4: based on their yield and based where the markets are willing,
Speaker 4: How many like any any stock on, the market it's
Speaker 4: going to be bid up or bid down by what.
Speaker 4: People believe so that's the risk that we talked about
Speaker 4: earlier in this show about thirty, years bonds is that
Speaker 4: the price changes in the. Open markets they got to
Speaker 4: be very very careful. About that, but yes, you can
Speaker 4: you can redeem them and you can.
Speaker 2: Buy, them mark is there any Anything that steve and
Speaker 2: or anyone else in this situation needs to be aware
Speaker 2: of if they want to redeem those, bonds early any
Speaker 2: kind of fees or any kind, of losses anything that
Speaker 2: they should, Just, know.
Speaker 4: Well dependent on, your platform there's going to be a
Speaker 4: thief or the trade just like yeah, or not depends on.
Speaker 4: The platform that's something that's. Really interesting, you know the
Speaker 4: zero trade platforms that are around now weren't, around, ten,
Speaker 4: twenty thirty forty fifty.
Speaker 8: YEARS ago i mean they slowly.
Speaker 4: Came in, IN fact i just did a calendar about
Speaker 4: that just for my own interest on Things as, but
Speaker 4: yeah there could be fees for. The trade most people
Speaker 4: don't do something. For nothing bond traders like. Making money
Speaker 4: so there's gonna be some padding in there somewhere from
Speaker 4: who's ever who's ever doing, the transactions so h whether
Speaker 4: they say it's a charge or whether they just built
Speaker 4: it into the to it. You know, so yeah obviously
Speaker 4: there's gonna be. Something there but you may be depending
Speaker 4: on what issue you're trying, to trade you may be
Speaker 4: getting more money than you paid, for it or you
Speaker 4: may be. Getting less so it all depends on on
Speaker 4: the issue that you're trying.
Speaker 8: To trade be careful.
Speaker 4: About it just make sure realize that you're not going
Speaker 4: to get what you paid. For it most likely you're
Speaker 4: going to get a little more or a, little less
Speaker 4: and that you're Not gonna you're Not gonna the yield is.
Speaker 4: Also DIFFERENT so i think it's a. Good question, but
Speaker 4: yeah open market you. Can trade and by, the way they're,
Speaker 4: traded continuously that's how that's How the treasury is buying
Speaker 4: them back in the.
Speaker 8: Open market six ten three six three.
Speaker 4: Eleven, ten man we've had some good, questions today haven't?
Speaker 4: We suck, Sure, Have mark i'm looking forward to more.
Speaker 4: Of them, six ten three six three. Eleven ten we
Speaker 4: got fifteen. Minutes left.
Speaker 12: The opinions and recommendations expressed on this program do not
Speaker 12: necessarily represent the opinions of the station or any of the. Program's,
Speaker 12: sponsors additionally all products or services offered by the program
Speaker 12: sponsors may not be known by the program.
Speaker 4: Six ten three six three.
Speaker 2: Eleven, Ten jim we'll get right to you in just a, moment,
Speaker 2: there brother before. We do markets yesterday rose slightly following
Speaker 2: the news that we spoke of earlier today ABOUT The
Speaker 2: us treasury buying. Back Debt wednesday's Bell Saw, dal JONES,
Speaker 2: the smp And the nasdaq all. Moderately Positive the russell
Speaker 2: two thousand was up about a half percent. This morning
Speaker 2: market's all read That's what, i'm seeing and it's green
Speaker 2: where we don't.
Speaker 4: Like it So now. I'm, Sad no i'm.
Speaker 6: Just kidding don't, be, sad sad don't, be SAD because
Speaker 6: i have a question.
Speaker 4: For you coming In.
Speaker 6: For kim age sixty five usually sets, the, question Guy
Speaker 6: but i'm kind of, bored TODAY so i want to
Speaker 6: have a.
Speaker 3: Question HERE oh. I am the whole point of this
Speaker 3: show is to.
Speaker 4: Amuse Me it's. Sam's boredom So here's.
Speaker 6: Kim's question, She says i'm new to preferred stock investing
Speaker 6: and want to keep it simple without extra. Tax paperwork
Speaker 6: i've reviewed your list of options on the, buy list
Speaker 6: but need guidance on choosing the. Right ones could you
Speaker 6: please advise me on the best way to pick the?
Speaker 6: Right ones, Thank.
Speaker 4: You kim that's a.
Speaker 2: Great question you know it's good to keep, in mind
Speaker 2: and you probably know this, as well but for our,
Speaker 2: general audience preferred stocks are usually, for income so you've
Speaker 2: got that established there also usually for the, Long term
Speaker 2: so if it's on the, by list we feel like
Speaker 2: it could be a good possible income play for you
Speaker 2: and good for a long term hold and potentially even
Speaker 2: buying more, into it assuming that it stays biblically responsible
Speaker 2: and all that sort of, thing mark which obviously we
Speaker 2: hope that. It does so what you can do is
Speaker 2: you can choose the industries you're, comfortable with you can
Speaker 2: choose the yield.
Speaker 4: That, you need and you can take. Your, pick kim.
Speaker 2: There's several options for you there on the, by list
Speaker 2: so i'd encourage you go on head out there and
Speaker 2: Seek the lord and see what he might offer there.
Speaker 4: For you that's what we.
Speaker 7: Do.
Speaker 4: Here mark it's such a cool thing that we get
Speaker 4: to offer, people.
Speaker 2: Options and it's really between you And the lord to
Speaker 2: be able, to, pick okay which which one is going
Speaker 2: to work best, for me, my, time horizon all. That, Stuff,
Speaker 2: SO kim i trust That the lord's going to lead
Speaker 2: you well with that. For.
Speaker 4: Sure Absolutely, and kim if for some reason you get
Speaker 4: out there and you get even, more confused feel free
Speaker 4: to call or write in and somebody will get back
Speaker 4: with you and help you define it a little bit
Speaker 4: better so you can make the. Right, choices yeah but,
Speaker 4: that said let's Go to Jim. In Florida, hey jim
Speaker 4: welcome to. Financial issues what's on your mind?
Speaker 7: This, morning well good morning to you and Your, COMPILED
Speaker 7: right I think i find call more than once a
Speaker 7: month talk about my favorite and.
Speaker 3: The, Debt, hey jim you had all more than once.
Speaker 4: A month i feed my brother you have.
Speaker 7: SAS permission i mentioned the last time that we talked That,
Speaker 7: since obama we've added twenty eight trillion dollars to. The
Speaker 7: debt AND when i was in business school in nineteen
Speaker 7: seventy taken an. Economics course, back then the debt was
Speaker 7: only four hundred and twenty seven, billion dollars and so
Speaker 7: we were tasked with trying to figure out how to
Speaker 7: pay off. The, debt well of course none of us figured,
Speaker 7: that OUT and i had a professor and, he said
Speaker 7: here's how we could pay off. The debt, he said.
Speaker 7: You freeze you freeze the, budget now which we haven't
Speaker 7: had a budget, in forever and then, from there every
Speaker 7: year thereafter across the board one percent a one percent
Speaker 7: reduction in, the budget and that would take didn't we?
Speaker 4: Do that was That the? Clinton years or when was
Speaker 4: it that we? Actually, frozen, well.
Speaker 7: Well they actually balanced the. Budget once BUT what i was,
Speaker 7: saying was if you, did this reduce, the budget which
Speaker 7: we haven't put a budget OUT and i don't know
Speaker 7: how long. One, firs yeah to.
Speaker 8: Reduce it to, Reduce, it jim you first have to.
Speaker 4: Have, One, right, well.
Speaker 7: Yeah exactly but it was taking away essentially eleven percent
Speaker 7: of over eleven years they could have gotten rid of
Speaker 7: that four hundred and twenty five billion. Dollar debt so
Speaker 7: when you're talking, FORTY trillion i don't know. About that
Speaker 7: so here we come down to the nasty truth of.
Speaker 7: It all either we got.
Speaker 4: It The same the same plan will continue, to work
Speaker 4: especially if you're pulling a full a few other levers
Speaker 4: like lowine, interest rates so new debt issued is at
Speaker 4: very low. Or zero you Know, in europe what was
Speaker 4: it the last year or or the year, before that
Speaker 4: they had below zero interest rates on their new debt
Speaker 4: that they. Were issuing, You know so there's things like
Speaker 4: that that. Go on so lowering the debt's one of
Speaker 4: the levers that has to The the the interest on
Speaker 4: the debt is one another one is exactly like you're
Speaker 4: talking about getting. A budget, come, on people we've been
Speaker 4: talking about this now. For Years our congress has to
Speaker 4: do what they were hired, to do and that's to
Speaker 4: give us. A budget get, you know we Need the
Speaker 4: House of representatives to do, their job not not spend
Speaker 4: all their time trying to get re elected or to
Speaker 4: get on the, news channels but to actually put together.
Speaker 4: A budget it's. Their responsibility let's Get the House of
Speaker 4: representative loaded up with people who understand that this election
Speaker 4: this year is part.
Speaker 2: Of.
Speaker 4: That jim we also have the ability not only to
Speaker 4: reduce the debt by by lowering the interests and by
Speaker 4: reducing the mount worse by actually having, a budget but we.
Speaker 4: Have productivity the more productive our, country is the more
Speaker 4: revenues that will be generated in. Our economy the more
Speaker 4: revenues that are, generator are the more money that could
Speaker 4: go to reducing our debt if we have the right People,
Speaker 4: in congress In, the senate and in. The administration there's
Speaker 4: a lot of moving, Parts. HERE jim i think there's
Speaker 4: still a lot. Of hope it may take five or.
Speaker 4: Ten years but even if we, you know the Last
Speaker 4: lever i'll, bring up and it's, the biggest it's a.
Speaker 4: Huge LEVER and I Thank elon musk for doing This
Speaker 4: and trump and exposing the waste and fraud in. Our
Speaker 4: government literally close to two trillion dollars of waste and
Speaker 4: fraud in. Our, government now if we stop that, every
Speaker 4: year we would balance. Our budget if we balance, our
Speaker 4: budget we could reduce. Our budget if we reduce our
Speaker 4: budget and lower the, interest rates we could reduce our
Speaker 4: debt and actually get to where we are a debt.
Speaker 4: Free nation and once we, do that we own. The, world,
Speaker 4: well peaky we've conquered.
Speaker 9: The world.
Speaker 7: What that actually happening.
Speaker 4: Is, ZERO well i would like To, say jim you're probably,
Speaker 4: possibly right but if it depended on you, And me
Speaker 4: but it doesn't depend on you. And me it depends
Speaker 4: On our God. And savior it depends On the christians
Speaker 4: of the world, coming together especially In The, united states
Speaker 4: and Voting like christians Instead of Republicans or democrats. Are
Speaker 4: independence it comes down To, our Lord, our god giving
Speaker 4: us the faith and strength to do the, right things
Speaker 4: to do the, right things even if it's painful for
Speaker 4: ourselves and. For others for a. Short time everything. Is
Speaker 4: painful any change is seen, as painful but it's. Really
Speaker 4: NOT when i Came, to christ that was. A change
Speaker 4: it was painful in many ways to. ME too i
Speaker 4: lost a lot. OF friends i had people actually tell
Speaker 4: me THAT because i Was a christian they didn't want
Speaker 4: to even hang around. With me my family rejected ME
Speaker 4: because i was in a mainstream. Religious ORGANIZATION before i,
Speaker 4: did THAT before i Actually accepted Jesus. Christis savior there's
Speaker 4: a lot, of pain, but boy the joy and the
Speaker 4: PEACE that. I, have jim we can't do. It alone
Speaker 4: but YOU and I and god we can.
Speaker 2: Do this, You, know jim you're right on as well
Speaker 2: with the idea of if we keep going the way we've,
Speaker 2: been going trying to fix this with a. Political solution
Speaker 2: it's not going. To work this is why we've been
Speaker 2: banging the drum. Mark on we need to get christ back.
Speaker 2: Into this we need To, get Christians, true christians not
Speaker 2: people who just Say they're christians and maybe uphold some,
Speaker 2: Conservative Values true Bible believing christians back into public office
Speaker 2: who are going To uphold. Christian VALUES and I believe
Speaker 2: mark that is going to trickle. Into economics there is
Speaker 2: a formship.
Speaker 4: How we live out the truth of our salvation is.
Speaker 4: Called stewardship means that everything we do we do to
Speaker 4: the Glory. Of, God well god warns us. About, debt
Speaker 4: therefore everything, we do including our running. Our country if You're,
Speaker 4: a christian You're, in congress You're, in senate you're in,
Speaker 4: the administration you're behind, the scenes you should be moving
Speaker 4: in the direction to debt free because That. Honors god because, he,
Speaker 4: said hey if you go, into debt you're, A.
Speaker 8: Slave delennar if you go, into debt.
Speaker 4: It's going to. Harm you it's going to cause you
Speaker 4: to because you're signing away part of your stewardship as.
Speaker 4: An individual when you sign on that dotted line on
Speaker 4: the bottom for, a loan for a, personal loan a,
Speaker 4: car loan a, home loan any kind, of loan you
Speaker 4: are actually signing away part of. Your stewardship, you're saying my,
Speaker 4: future INCOME which i don't even know if it's going to,
Speaker 4: Be there i'm going to give up to, you now
Speaker 4: Even though god gave it to me to use for,
Speaker 4: his glory for, His purposes i'm going to give. It
Speaker 4: up and the more you sign that, bottom line pretty
Speaker 4: soon you've given up fifty seventy percent of, your future.
Speaker 4: Your stewardship we don't want to. Do that we need
Speaker 4: godly men In. The Congress Jim my hope is like
Speaker 4: Me and Seth and sam and. Everybody, else yeah we
Speaker 4: know this world. Is fallen we know. It's Terrible but,
Speaker 4: god says do. It anyway elect the, right people, he
Speaker 4: says do. It anyway stand up for what, is right share,
Speaker 4: the truth share. THE hope i hope you're. DOING that
Speaker 4: i hope you're getting the message out not only about,
Speaker 4: our country But About, jesus christ who, he is what,
Speaker 4: he did and why we all.
Speaker 7: Need him that's one. More QUESTION if.
Speaker 4: I, might okay we got an we got almost a minute.
Speaker 7: Left here when did you get to vote for somebody
Speaker 7: that you really like and that you actually? Helped, choose.
Speaker 8: Well, YOU know i Live.
Speaker 4: In missouri i've had quite a few PEOPLE that i
Speaker 4: got to vote for that are both federal. And local
Speaker 4: you Both are Missouri and house and And in senate
Speaker 4: and In, our senate In the house in uh IN.
Speaker 8: D C so i'm. Very blessed not every not everybody
Speaker 8: gets to, Do.
Speaker 4: That jim so you're you're, Absolutely right but you still can,
Speaker 4: get involved and you still can influence. That process never, Give,
Speaker 4: Up Jim Our God's, mighty god thank you for.
Speaker 8: Calling.
Speaker 4: In jim you you bring up a lot of a
Speaker 4: lot of hard questions that we need to. Struggle with
Speaker 4: but let's take him Before, the lord and let's let's
Speaker 4: let him know we are his stewards and we want
Speaker 4: to honor him and all, we do and that includes how,
Speaker 4: we invest because if you follow, the money it goes
Speaker 4: Up To. Wall street if we change how they use,
Speaker 4: that money we can change the direction of this country
Speaker 4: And honor god and all. We do god bless. You
Speaker 4: all thank you for being with. Us today thank You For,
Speaker 4: loving lord and thank you for investing with. Biblical integrity
Speaker 4: we'll see. You tomorrow
Speaker 1: If we ever forget that we're one Nation, under god
Speaker 1: than