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. We're
Speaker 2: happy to have you on today's show, folks, gold shining,
Speaker 2: oils boiling. What's really driving these markets? Well, we'll find
Speaker 2: out in just a moment. I'm Sethi Dinsky, Sam Case
Speaker 2: in the control room and we've got your host, Mark Manilla.
Speaker 3: Welcome everyone, Glad to be here this morning.
Speaker 2: Good stuff, Mark, We're happy to have you folks. Hey,
Speaker 2: the phone number is six' ten three six three eleven.
Speaker 2: Ten get your calls queued up right. Now we'd love
Speaker 2: to speak with you here on financial. Issues it's a
Speaker 2: great day to be here with you. All six' ten
Speaker 2: three sixty three, Eleven ten Mark and sam our versus.
Speaker 2: The week let's remind our listeners of. This one timothy
Speaker 2: six seven through, eight, says well we brought nothing into,
Speaker 2: the world and we cannot take anything out of. The
Speaker 2: world but if we have food. And clothing, with these
Speaker 2: we will. Be content great, Verse there mark love that's
Speaker 2: absolutely content?
Speaker 4: Or discontent which tent do you? Live in, YOU know
Speaker 4: i have a question, About, This mark so you Know
Speaker 4: elsewhere paul talks about, learning contentment it's not just Something that,
Speaker 4: god magically, you know imbuse. You with it's something you
Speaker 4: have to learn. Throughout life so what do you think
Speaker 4: that learning process?
Speaker 3: Looks, like yeah it's a. GOOD question i. Know that
Speaker 3: what is It?
Speaker 5: In philippians, He THINKS so i have learned in WHATEVER state,
Speaker 5: i am to, Be content i've learned to.
Speaker 3: Be content it doesn't say that.
Speaker 5: He is he was just made content or it. Just happened,
Speaker 5: HE said, I learned and that little word is. Very
Speaker 5: important so how do? You learn is that's A question
Speaker 5: i'm getting.
Speaker 3: AT you i, guess.
Speaker 5: Yeah right and it made, me think by, the way
Speaker 5: when you, ask that and it's.
Speaker 3: How do you learn to?
Speaker 5: Be content the first thing that came into my mind
Speaker 5: is obviously it comes from practicing. BEING content i know
Speaker 5: that sounds, really strange but if you don't count your,
Speaker 5: blessment blessings how can you?
Speaker 3: Be content if all you're doing is looking out for
Speaker 3: what you, don't have you're never going to.
Speaker 5: Be content but if you're embracing those things That the
Speaker 5: lord has provided, for you you could be. More content
Speaker 5: counting your blessings would be one of. Those areas another
Speaker 5: it WOULD be i. DON'T know i always thought that
Speaker 5: the big difference for me was knowing the difference between
Speaker 5: my wants and.
Speaker 3: My needs does that?
Speaker 6: Make?
Speaker 4: Sense, oh yeah you're very hard to tell the difference
Speaker 4: between those.
Speaker 5: Two, things yeah, Oh absolutely but, you know it comes
Speaker 5: it us come down to being. Very basic what your
Speaker 5: needs Are as, paul says, you know if Are as,
Speaker 5: christ says As the word says, multiple times if we
Speaker 5: have clothing, and food we should.
Speaker 3: Be content right If.
Speaker 4: Then, christ says don't even worry about. Those things see,
Speaker 4: you first and that's why we can be.
Speaker 5: Content EXACTLY so I don't i think it's very easy
Speaker 5: in the sense that if we would just take the
Speaker 5: time just once, a day or start with once, a
Speaker 5: day but as often, as possible Really thanking god for what,
Speaker 5: we have not not, coveting it but, just, saying wow
Speaker 5: YOU know i have so much MORE than. I. NEED lord,
Speaker 5: i mean Think. About, america well there's COMMERCIALS on tv
Speaker 5: where people are paying people to come and remove stuff from.
Speaker 5: Their wife, you know you know where you just point
Speaker 5: and we'll move. It out, you know we'll get rid.
Speaker 5: Of all, you know we'll empty, your garage we'll empty.
Speaker 5: Your basement we have, so much and yet we're. Not
Speaker 5: content contentment doesn't come. From materialism it comes from embracing
Speaker 5: the Provision. Of god, that's right and we got to.
Speaker 5: Practice it we practice it by saying Thank, you lord Thank,
Speaker 5: you lord thank you, for this thank you for, my
Speaker 5: wife thank you for the shelter, we have thank you
Speaker 5: for all this. WONDERFUL stuff, i mean it's just contentment
Speaker 5: goes away when we start looking around, and SAYING but
Speaker 5: i don't, have THIS or i don't. Have that we
Speaker 5: got to practice and discipline ourselves to be looking at
Speaker 5: what we do have and, Then, saying.
Speaker 3: Lord what is it you want me to do? With
Speaker 3: This you've you've entrusted me with.
Speaker 5: So much and that's what Being a, Stuart's about that's
Speaker 5: what financial issues. Is about bringing it back to stewardship
Speaker 5: is Understanding that god has provisioned you one hundred percent
Speaker 5: of everything you need at this moment to be Closest.
Speaker 5: To him the trick is to, realize that to realize
Speaker 5: that and embrace it and understand and start understanding what
Speaker 5: is it you want me to do?
Speaker 3: With, this well we know what.
Speaker 5: That is and that comes back To glorifying him with
Speaker 5: it that whether it's passing it on as a Conduit
Speaker 5: of his blessings, to others whether it's using it in
Speaker 5: a way that helps others in our world to draw Closer,
Speaker 5: to christ or even ourselves by feeding and caring for
Speaker 5: our children and our spouses And whoever god puts in,
Speaker 5: our path by, practicing contentment that would be my answer.
Speaker 3: To, that sam, Great.
Speaker 2: Stuff mark six ten three six three eleven ten and
Speaker 2: folks check us out financial issues dot Org again financial issues.
Speaker 2: Dot org join the live. Broadcast today we'd love to hear.
Speaker 2: From you, all, right guys let's jump in silver and
Speaker 2: gold or gold, and silver whichever one you want to.
Speaker 2: Come first i'm preferring gold right now to. Silver Personally,
Speaker 2: but sam what were the numbers that we? Saw yesterday
Speaker 2: as we're seeing these these two different types, Of investments i'm.
Speaker 4: Like a little dwarf, gold, gold, GOLD gold, I know,
Speaker 4: i know a dwarf or pirate take. Your, Pick, pirate
Speaker 4: yeah so it. WAS down, I.
Speaker 3: Know i was doing the beach.
Speaker 2: Last week it. Wasn't vacationing it was obviously, you know you.
Speaker 4: Were forging you're looking for. The treasure, but unfortunately when
Speaker 4: you were looking for, that treasure gold was down a little.
Speaker 4: Bit yesterday so whatever, you found it's worth a little
Speaker 4: bit less than it, was before although it did see
Speaker 4: some nice gains before hitting its highest numbers in almost
Speaker 4: two months and it's biggest weekly Gain. Since january, silver
Speaker 4: meanwhile has yet to return to its highs from early in,
Speaker 4: the year though it should be noted that silver is
Speaker 4: still up around seventy percent higher from the same time,
Speaker 4: last year so it's it's by no means. Down overall,
Speaker 4: so uh, You, Know mark i'm looking at all the
Speaker 4: news and the hubbub, about gold and they're all pointing
Speaker 4: to the War. In iran, they're saying the War in
Speaker 4: iran is why gold is. Up again but really gold's
Speaker 4: not been rallying during, the war so why is that
Speaker 4: and what's been behind this latest this little drive that it's. Been,
Speaker 4: On greed no. Take it you know.
Speaker 5: You're right about the war did not affect gold the
Speaker 5: way everybody normally would expect it. To go when uncertain,
Speaker 5: times arise people go. To, safety well oftentimes people think
Speaker 5: that gold is safe and they'll. GO there i think
Speaker 5: probably because the run up of gold prior and maybe
Speaker 5: even during the beginning ran it up so high that
Speaker 5: most people, are saying you, know what maybe it's not
Speaker 5: as safe in gold as it. Could Be but i'll
Speaker 5: tell YOU where i think the disconnect really has, come
Speaker 5: from because, you know with this, newest rally it's almost.
Speaker 3: The reverse story of what's.
Speaker 5: Going on softer, employment numbers lower, treasury yields a, weaker
Speaker 5: dollar great or optimism that the Progress was iran is
Speaker 5: gonna make everything work and the strait's going to. Be
Speaker 5: open all that seems like gold should be. Pulling back
Speaker 5: but what is pulling back real strong. Is bitcoin and
Speaker 5: as money moves, from bitcoin which people for quite a
Speaker 5: few years has been seen as an alternative to gold,
Speaker 5: for safety as they're starting to realize it's all, made
Speaker 5: up there's nothing there and that easily could be gone
Speaker 5: in just a blank of, THE eye i think they're
Speaker 5: starting to move back to the metals.
Speaker 4: If we all collectively stop playing pretend with.
Speaker 5: The, bitcoin yeah as soon as the first, child said
Speaker 5: the king has.
Speaker 3: NO clothes i think that happened not so.
Speaker 5: Long ago and people are starting to move out, of
Speaker 5: BITCOIN and i think that's the offset we're seeing that's
Speaker 5: making it all feel.
Speaker 3: So different why it's not tracking normally like it would
Speaker 3: underwar or or under grade.
Speaker 5: A economic times are under poor economic. You know the
Speaker 5: reason it's not tracking properly is we had an offset
Speaker 5: of losing fifty percent of the value, a bitcoin where
Speaker 5: as people moved out of that to move into something.
Speaker 2: More, Substantial, interesting mark What about silver's going on?
Speaker 5: With, silver well, you know silver is a, different, Beast
Speaker 5: right it's both a precious metal and an.
Speaker 3: Industrial, metal see.
Speaker 4: And it's less tacky to wear. HIS jewelry, i think.
Speaker 3: What are we gonna? Do?
Speaker 5: Anyway okay and that's, Why, NO yeah i think the
Speaker 5: industrial demand is what's keeping that where. It is but
Speaker 5: it had gotten ahead. Of itself people had rushed. Into it,
Speaker 5: there's remember there's more people chasing the markets now than
Speaker 5: ever before in history In The, united states more people in,
Speaker 5: the markets more people trying to understand and trying to play,
Speaker 5: the markets and silver became one of. Those commodities almost
Speaker 5: the mean commodity for. A while but it does have
Speaker 5: both the precious metal because it is a rare u
Speaker 5: it is a, rare metal but it also industrial use
Speaker 5: where we're seeing the need for it more Industrial than
Speaker 5: sam wearing it out On a, friday night. You know
Speaker 5: so we have to look at it like that is
Speaker 5: is that with ALL the ai and all the all the,
Speaker 5: data centers more and more silver is going to. Be
Speaker 5: needed and as such we're going to see the price
Speaker 5: hopefully stabilize more and grow a little bit. More steadily
Speaker 5: we'll See only god knows. The future the number here
Speaker 5: is six ten three six three. Eleven ten maybe you
Speaker 5: got an opinion or an insight we haven't seen yet.
Speaker 3: On this give us a call six ten three six three.
Speaker 3: Eleven ten.
Speaker 2: Folks getting to learn more About us financial issues.
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Speaker 2: The pioneers mark OF bri i and so grateful for
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Speaker 2: why don't we go over to the phones and Talk?
Speaker 2: To john john is Calling. From, alabama Well welcome John.
Speaker 3: From alabama glad you're. With us what's on your mind?
Speaker 3: THIS morning.
Speaker 6: I want to find out ABOUT tph ax if it's
Speaker 6: a good time to continue putting money in there due
Speaker 6: to the economic situation and possible war that we really could.
Speaker 3: Get, into john that's a. Great.
Speaker 2: Question mark let me just mention two for our.
Speaker 6: NEW.
Speaker 2: Audience tphx That's The Timothy Plan High Yield, bond fund,
Speaker 2: you know just in case.
Speaker 5: Anyone's, Wondering, okay well there's TWO questions i have SO
Speaker 5: that i can answer. Your question one is, you said
Speaker 5: because of the, POSSIBLE war i think we really are
Speaker 5: at war or are? We not are you thinking that
Speaker 5: that maybe it becomes.
Speaker 3: A, bigger war a wider.
Speaker 5: Spread war and you're thinking it gets more defined or
Speaker 5: what and the influence would Be more i'm not sure
Speaker 5: what you're trying to say, with that so help, me there?
Speaker 6: Will, You, JOHN well i think it could get much
Speaker 6: deeper due To the russia and that going on, that
Speaker 6: well we could get into some.
Speaker 3: Serious, trouble yeah that's a. Big possibility.
Speaker 5: You know THE gph ax it is a it's a
Speaker 5: high yield bond fund which invests in corporate bonds and
Speaker 5: so and those, are primarily if, not fully In The
Speaker 5: united states at, this point so like ninety ninety five
Speaker 5: percent of it it's, in those and it can invest in,
Speaker 5: TREASURY tips, us agencies mortgages and all that kind. Of
Speaker 5: stuff BUT currently i don't believe it IS so i
Speaker 5: see it as actually not a bad place to be
Speaker 5: now or in the, near future even with some. Economic
Speaker 5: times if the only THING that i worry about it
Speaker 5: is if interest rates would continue to, go up that
Speaker 5: could cause a short to mid term impact on the
Speaker 5: nav of the prop, the product because as interest rates,
Speaker 5: go up the existing bonds would have to come down
Speaker 5: in price to be of value in the market at.
Speaker 5: That point so it could cost them inn a v
Speaker 5: value for a, short term but that won't live forever
Speaker 5: as those bonds gets replaced and or interest rates then come.
Speaker 5: Back down it's a long, term investment and, YOU know
Speaker 5: i believe that you'd be fine getting, into it especially
Speaker 5: when we see when we're seeing somewhere between what what's
Speaker 5: the yield? ON that i believe it's somewhere between four
Speaker 5: and six percent effectively at any. Given TIME so i
Speaker 5: don't think we're it would be a bad place, To,
Speaker 5: BE john i don't think what what is?
Speaker 3: Your fear help? Me there That's what i'm trying to.
Speaker 5: Figure out when you said war and, another thing does
Speaker 5: sounded like there was some real concerns with being in that,
Speaker 5: fun specifically what are the what are your concerns?
Speaker 3: With, that.
Speaker 6: Well we could always have a dollar crash band what
Speaker 6: happened Happening with japan? As well, you know giving them
Speaker 6: money because they have a lot of, our dollars, you know. TRILLION. Dollars, m.
Speaker 5: Yeah well there's. A lot there's a lot of ugliness.
Speaker 5: On horizon as you've heard me talk a, Lot. About
Speaker 5: john the debt itself is the biggest Thing that i'm,
Speaker 5: concerned ABOUT our us debt that could destroy.
Speaker 3: A dollar but just think about it, this way not
Speaker 3: unique to. This fund if the, dollar crashes if the dollar.
Speaker 5: Loses it it's position as the currency of trade in.
Speaker 5: The world everything In The united states will take. A
Speaker 5: hit every Investment will we'll see economic and market just destruction.
Speaker 5: Going on SO it's i Guess what i'm trying, to
Speaker 5: say is this bond fund will.
Speaker 3: You hit two if, That happens you're.
Speaker 5: Absolutely right but, in general this bond fund is, a
Speaker 5: good solid bond fund with a reasonable yield, on it
Speaker 5: and it has had a fairly steady growth, over time
Speaker 5: as it would be expected for something. Like THIS so
Speaker 5: i would not imply any additional risk to this high yield.
Speaker 5: Bond FUND then i would any other thing in, the
Speaker 5: world for the, investment world based on the possibility of
Speaker 5: an enhanced.
Speaker 3: War and or an.
Speaker 5: Economic DOWNTURN so i WOULD be i, WOULD say i,
Speaker 5: would say if you're an income state, of mind is
Speaker 5: this should be a portion. Of that it wouldn't be
Speaker 5: the foundation because it will have volatility of the market
Speaker 5: since it's invested in, corporate bonds but it won't be
Speaker 5: as volatile as say the stock market itself end or,
Speaker 5: you know getting into things that get more aggressive stocks,
Speaker 5: small caps volatility of.
Speaker 3: THINGS in ai or things. Like that does.
Speaker 6: That, help Yeah so i'll keep it in within the
Speaker 6: parameters of the financial.
Speaker 3: Issues tracker there. You go are you in the income?
Speaker 6: Asset, Allocation no i've changed over, to growth, BUT oh
Speaker 6: i just wanted to have some, in there JUST because
Speaker 6: i have that mutual Fund that. Timothy PLAN so i
Speaker 6: just wanted to have, that there, just wondering, you know
Speaker 6: about things. GOING on i know you the gold and,
Speaker 6: silver things and we'll see if we have enough if something.
Speaker 5: Did, happen, yeah yeah, hopefully hopefully, you know we our
Speaker 5: hope is In, the lord But hopefully god's hand is on.
Speaker 5: OUR leadership i really have seen a lot of things
Speaker 5: happening with, this leadership despite the odds, against it the
Speaker 5: world that is attacking our country and our dollar and
Speaker 5: our economic system and our way, of life our. Constitution
Speaker 5: everything despite, all that it seems like foundations are being
Speaker 5: laid for a recovery of getting back to constitutional foundations
Speaker 5: and biblical foundations that could steer this country in a.
Speaker 3: Great direction that's.
Speaker 5: Up To, the lord and Wherever the lord, Leads, us
Speaker 5: john we should have no fear, about it because He,
Speaker 5: is god he is, in control and he has you
Speaker 5: and me here for a, specific reason and that reason
Speaker 5: is so we can point other People, to christ so
Speaker 5: we can bring more people to an understanding of true
Speaker 5: salvation Through The One, true god and to be of
Speaker 5: the same understanding we are that all of life is
Speaker 5: here so that we Can. Glorify god we are the lights.
Speaker 5: Right Now he's we're here. On purpose just always. Remember
Speaker 5: that and remember no matter where the, markets go no
Speaker 5: matter where the, economy goes we get to count it
Speaker 5: all joy Because our god Is.
Speaker 3: The god of. The universe thanks for, Calling, In john god, bless.
Speaker 2: You sir Great stuff john six ten three six three, Eleven.
Speaker 2: TEN mark i was encouraged as you. Talked there you,
Speaker 2: Know me i've got a, history Background and i've heard
Speaker 2: a lot of historians likening where we Are in america
Speaker 2: today to where the Late Stage roman. Empire WAS and
Speaker 2: i think some things there. Are TRUE but i think
Speaker 2: one of the things that we can breathe a sigh
Speaker 2: of relief, and say Thank you lord that is not
Speaker 2: true is in the late stage Of The, roman empire
Speaker 2: you did see fraud and abuse from a. Governmental level
Speaker 2: it was never. Cleaned up we have an administration that
Speaker 2: is trying to clean. IT up i think that's a really.
Speaker 2: Good sign it's a really, good sign.
Speaker 5: Even if the best they could do is just shine
Speaker 5: a light make everything clear what's really.
Speaker 3: Going on and they've done an incredible job.
Speaker 5: On that but they have also begun to defund all
Speaker 5: these NGOs and all these government agencies that have been using,
Speaker 5: your money The money god entrusted to you that they
Speaker 5: take away by law to fund their own pockets and
Speaker 5: to fund their agendas that Are anti god In.
Speaker 3: Anti america so they've shined the light on it and
Speaker 3: they started.
Speaker 5: Defunding it hopefully they'll get a handle on the debt
Speaker 5: and be able to start raining that in so it
Speaker 5: can't pull us down despite all their. BEST efforts i
Speaker 5: really have a lot of hope In our god and
Speaker 5: his impact on.
Speaker 3: Our government we need to be praying.
Speaker 5: For them we need to pray, For strength we need
Speaker 5: to pray for faith, for them that they grow ever
Speaker 5: closer To, the lord because, you know this Country without
Speaker 5: god is just another country that's going to go down
Speaker 5: the tubes and wallow in the ugliness of not having
Speaker 5: the One true god in.
Speaker 3: Their life look at every.
Speaker 5: Country that at one time Embraced, the bible embrace The
Speaker 5: true christianity and what happened in. Those countries, they grew, they,
Speaker 5: prospered flourish and then and then as soon as they
Speaker 5: got the wealth and that, came in they lost all,
Speaker 5: that glitter took their sight Away. From god they stopped
Speaker 5: focus On. Honoring god remember as, a steward our Ultimatecal
Speaker 5: honor god in all. We do if we just would
Speaker 5: focus on that here In The. United, states well we
Speaker 5: do have the best country in the world, as is
Speaker 5: but imagine what it. Could be it would just.
Speaker 2: Be, incredible, amen folks listen if you're looking for a
Speaker 2: good stewardship resource, as well and just something that can
Speaker 2: give you great. BIBLICAL comfort i can't Recommend enough Mark's
Speaker 2: Book The Wall. Street, awakening boy it is just a.
Speaker 2: Fantastic Resource and i'll, Say This, Mark hope i'm allowed
Speaker 2: to say.
Speaker 4: It that it's going to say.
Speaker 2: It anyway if you want To, undercut amazon you can
Speaker 2: give a donation of any Amount To financial issues and
Speaker 2: we will send you a copy. Of fact we might
Speaker 2: even have some. Signed Copies So mark Manilla's Own john
Speaker 2: hancock as, it were on. That. Book there it's a.
Speaker 4: Great resource. It's weird his Name Is mark manilla and
Speaker 4: he Signs It. JOHN hand i.
Speaker 2: Know it, Is, weird, yeah, yeah seriously but it looks so,
Speaker 2: Much nicer yeah. It does, but, yeah folks for a
Speaker 2: donation of, any amount we'd love to send you a
Speaker 2: Copy of, Mark's Book The Wall, street awakening, and boy
Speaker 2: it could be a great resource even. For you if
Speaker 2: you're thinking about Leading the bible study in your church
Speaker 2: and you want to focus on the topic of Investing with,
Speaker 2: biblical integrity perhaps this is the resource, for you or
Speaker 2: Maybe it's dan seely is the fear? Of money we
Speaker 2: have that as well in those. Workbooks, too again a
Speaker 2: donation of any amount and we'd be glad to give
Speaker 2: those to you six' ten three six, Three eleven Ten.
Speaker 2: Mark and sam looks like the markets were a. Little
Speaker 2: muted yesterday big winning week for, the major indices, as
Speaker 2: we saw but yesterday they kind of. Took a BREATHER
Speaker 2: so THE dal the smp were, both basically flat a
Speaker 2: little Bit below the nasdaq. SLIGHTLY below that i have
Speaker 2: a really look much of the pre, markets this morning
Speaker 2: but it looks like, they're all green, which is, nice it.
Speaker 3: Does and, crude is red which we. Want, to see.
Speaker 4: Yeah, for surely sure so that's.
Speaker 3: A good thing we'll see what really happens when the markets.
Speaker 3: Open up here, but you know the markets seem to
Speaker 3: be narrowing their trading.
Speaker 5: BAND right now i think everybody's kind of wondering what
Speaker 5: really is going on, in the world and they should
Speaker 5: and that's why we're here to. Help you understand no
Speaker 5: matter what's going on, in the world we can help
Speaker 5: you to be the. Best steward possible if you, got
Speaker 5: to leave we're sorry to. See you go but for
Speaker 5: the rest of you and those of you who are
Speaker 5: on financial, issues dot org we got another half an,
Speaker 5: hour coming up so stay with us six ten three six.
Speaker 5: Three eleven ten we'll see you all in just a.
Speaker 3: Couple of minutes.
Speaker 2: Wonderful to, have, you today folks phone number six ten
Speaker 2: three six. Three eleven ten join. The, live broadcast guys
Speaker 2: let's talk, about black gold also known as oil Again
Speaker 2: oil boiling sam as.
Speaker 4: They call It. In, the south oh that's.
Speaker 2: That's exactly right everyone in the chat Should rate our
Speaker 2: southern accent since none of Us are. Actually southern market
Speaker 2: you're the, closest, to it Right. Being a midwesterner but, At,
Speaker 2: any rate yeah so black gold oil running a, Little,
Speaker 2: bit low sam would you tell us Why is is?
Speaker 2: Trump SO evil like cnbc is telling us that he's
Speaker 2: just draining what.
Speaker 4: We, have left yeah he just wants to. Stabilize the
Speaker 4: country so this was the headline all over, the place,
Speaker 4: yesterday THAT is the us strategic petroleum reserve falls below three,
Speaker 4: hundred million barrels the lowest level in more, than four
Speaker 4: decades as global inventories are under pressure Due To. The,
Speaker 4: iran war, now, the article though barely mentions At all
Speaker 4: that biden's massive draw down was really the reason why levels.
Speaker 4: Are so, low, they, said oh no he just did
Speaker 4: that to address Market volatility After russia invaded ukraine in early.
Speaker 4: Twenty twenty TWO and all i can say To that
Speaker 4: is biden must be brilliant because he was drawing down
Speaker 4: oil As early as april, Twenty twenty one so he
Speaker 4: just saw a year in advance that we're going to
Speaker 4: have all these. Issues with oil it's The foresight. Of
Speaker 4: biden's amazing and, by The way had biden not, tapped
Speaker 4: the reserves WE'D have about i think like five hundred million,
Speaker 4: barrels right now so a, much better situation By the
Speaker 4: way trump's actually using the oil for what, it's meant
Speaker 4: for that is a strategic, emergency like war Not the way,
Speaker 4: biden used it which was basically to buy votes to
Speaker 4: ease things for. The midterm elections so mark the, media
Speaker 4: nonsense aside the way they're trying to paint This. Bad
Speaker 4: for trump it does seem concerning to me that the
Speaker 4: reserves have gotten this. Low SO quickly am i wrong?
Speaker 4: To think? That is this is this really that low
Speaker 4: in the grand? SCHEME of things.
Speaker 3: I don't trust numbers from the government.
Speaker 5: To, begin with well, that's, fair enough yeah, but you
Speaker 5: know and especially. From the media and, when the media
Speaker 5: when the mainstream media is focusing on something like, this
Speaker 5: one thing it's obviously they can't find something worse. To
Speaker 5: focus on so that's. A, good sign actually let's really.
Speaker 5: Talk about this we have we've been told now for
Speaker 5: years upon years that we have more oil than anybody.
Speaker 5: In the world so we're not going to run.
Speaker 3: Out of oil if we, need more oil we. Can
Speaker 3: pump out how long do you think it.
Speaker 5: Would take for us to increase our oil supply by
Speaker 5: just drilling more. And, drilling more well if with oil
Speaker 5: at the price. It's at now it makes it worthwhile
Speaker 5: to be just drilling. Oil wells everywhere we just don't need,
Speaker 5: it that badly is what it's. Coming down to my
Speaker 5: crit isis is a little simpler. Than, yours was yeah
Speaker 5: it was wrong for them the draw down just, to
Speaker 5: buy votes just to, get the inflation trying to get,
Speaker 5: the inflation down and so people at the, pumps could
Speaker 5: Say look. What biden did he, brought oil down but.
Speaker 5: He really didn't the impact. Wasn't that great the issue,
Speaker 5: we really have, sam everybody listening is that we don't
Speaker 5: have refineries that can take our oil and turn it
Speaker 5: into the fuels we need it to, be so effectively
Speaker 5: our issue is we have to import, a lighter crud
Speaker 5: a thinner CREWED into the us for our refineries, to
Speaker 5: make it or we have to import the, refined products
Speaker 5: themselves so effect What we're what i'm trying to say
Speaker 5: is our problem isn't that we don't. Have enough oil
Speaker 5: our problem is that we don't have the factories the
Speaker 5: refineries to refine that into the products that can keep,
Speaker 5: our society going.
Speaker 3: Our culture going.
Speaker 4: And you're Talking about that american oil that we don't
Speaker 4: have the processing, power for, That right.
Speaker 3: Right and when's the last time we opened up a REFINERY.
Speaker 3: In the us.
Speaker 4: It's been forever it's been in. OVER fifty, Years i Know. Yack,
Speaker 4: in march president. THAT'S the problem a new, project about
Speaker 4: this but that's kind of running behind. Schedule right now so.
Speaker 5: If you want to make Fun Of the, biden obama
Speaker 5: administration you make fun of their destruction of, the energy
Speaker 5: industries specifically oil by not allowing any refineries to be
Speaker 5: built and holding them up forever with permitting, and saying
Speaker 5: no there's a flee there's a white dotted Flea somewhere
Speaker 5: in texas that there's only six, of them left so
Speaker 5: we can't build.
Speaker 4: A refined market the white dotted flea is, MY favorite, animal.
Speaker 4: I know devastating so that.
Speaker 5: Is the issue but my understanding is this administration is
Speaker 5: trying very hard to build. Some new refineries if, that
Speaker 5: is done and, by the way it could be. Done
Speaker 5: very Quickly We, What elon musk he can build a
Speaker 5: factory the size of a state in less than a year.
Speaker 5: And a half we could build refineries as. Well that
Speaker 5: quickly so it isn't that it isn't that we're. Low
Speaker 5: on oil we're not. Low on oil. We have plenty
Speaker 5: we have plenty. Stock of oil what we need is
Speaker 5: the ability. To refine it that's where we need to
Speaker 5: be looking and hopefully that'll come to. FRUITION real soon
Speaker 5: i thought they were building One, down in brownsville but
Speaker 5: you have an update on.
Speaker 4: That, For, us YEAH well, as, I said so trump
Speaker 4: announced this whole Thing Back, In. March brownsville texas, once
Speaker 4: it's done the idea is it's going to be able
Speaker 4: to process one point two Billion barrels of american shale
Speaker 4: oil and produce fifty billion gallons of fuel and. Other
Speaker 4: refined products, as you said this is going to be
Speaker 4: special because, unlike other refineries this is going to use
Speaker 4: the oil that we actually. Have right here it's not
Speaker 4: going to rely so the thing, about ported oil what
Speaker 4: that means.
Speaker 5: Is we don't have to rely on the strait. Of
Speaker 5: her moves we don't have to Rely on, the arab
Speaker 5: nations we don't have to. Rely on anything we have
Speaker 5: all the oil we. Need already here now we'll be able.
Speaker 5: To refine IT that's what i like. About this administration
Speaker 5: they're moving forward to making us totally independent, from the
Speaker 5: world Not relying on china for, our face mask which,
Speaker 5: we don't need and for our stickers that tell us
Speaker 5: to stay six foot apart and. Stuff like that we
Speaker 5: can make it All here in america with the trillions
Speaker 5: of dollars that are COMING into the, us right NOW
Speaker 5: that the us itself is investing in factories and bringing,
Speaker 5: back our pharmaceuticals bringing, back all, essentials including energy we
Speaker 5: will be able to be totally independent and not be
Speaker 5: held hostage or need to change our country into some
Speaker 5: third world nation because the rest of the world can't keep.
Speaker 3: Up with us.
Speaker 4: And has a great comment in the chat they predicted
Speaker 4: peak oil for over. One, hundred years now maybe they
Speaker 4: just don't know that whole idea we're going to run out, Of,
Speaker 4: oil tomorrow well it's.
Speaker 5: Gonna be mad most OF my life i was told
Speaker 5: that we're going to run out of oil.
Speaker 3: IN my, lifetime i mean that's.
Speaker 5: THAT'S been crazy i also Was, told that california the
Speaker 5: ocean would, be up, over you know taking up half
Speaker 5: The land in california and on The On the east.
Speaker 3: COAST as, well i.
Speaker 5: Mean there's nowhere in the world where we're seeing any.
Speaker 5: Of this occur it all was fear tactics for.
Speaker 3: Control. And power mark.
Speaker 4: It was.
Speaker 2: SUCH it, WAS i mean i gotta, tell you.
Speaker 4: It it was it was.
Speaker 2: A Surreal experience so i've been going to the same
Speaker 2: beach for the, last thirty years actually, longer than that
Speaker 2: so AS long as, i can remember the beaches. LOOK
Speaker 2: the same i was shocked to find this year that
Speaker 2: the water levels hadn't risen the same that they were thirty.
Speaker 2: Three years ago?
Speaker 6: Were?
Speaker 4: YOU disappointed crazy i. WAS so disappointed, I was, like,
Speaker 4: i thought low what? What was happening?
Speaker 3: WHAT'S going on i?
Speaker 2: Was, Lied, To no mark. You're exactly right it's. All
Speaker 2: fear based. It's all nonsense that's.
Speaker 3: What it is it's all. Power and.
Speaker 5: Control One Way the united, nations used it all the
Speaker 5: countries That were anti america used it to try and
Speaker 5: Gain control of america by coming up with the creation of,
Speaker 5: all these disasters just like they did, with the plague
Speaker 5: just like they're going to do. With another plague probably
Speaker 5: they'll come out with another plague and try and gain
Speaker 5: all control And hope that americans will give up all
Speaker 5: their rights and their freedom to the international law and
Speaker 5: the international geniuses that. DON'T know anything i think this
Speaker 5: morning you mentioned, Something to Me seth about fauci knew
Speaker 5: that the vaccine.
Speaker 3: Would kill babies.
Speaker 2: It's, Pretty, disgusting news mark but That is. What i'm
Speaker 2: seeing There was a senate report that came out that
Speaker 2: is basically confirming that it looked LIKE somewhere around i
Speaker 2: think it was around maybe eighty two percent, of you
Speaker 2: know tested mothers who were in the first trimester ended
Speaker 2: up having miscarriages after. Taking the vaccine and yet Several
Speaker 2: months later fauci then went, on and said, if you're
Speaker 2: pregnant you better. Take the, vaccine this guy if, this
Speaker 2: is true he's. A, MASS murderer, yeah i mean.
Speaker 3: There's purely evil it's. All about him evil is.
Speaker 5: A selfish induction it's. All about him this man needs to.
Speaker 5: Be in prison he needs to. Go, To prison anyway let's.
Speaker 5: Not go there let's go To. Honery and god let's
Speaker 5: think about how, blessed we. Are counter blessings, we have
Speaker 5: oil we have. Lots of it we don't have to worry.
Speaker 5: About the silliness once this administration gets our country, back
Speaker 5: in line we'll be able, to be independent and then
Speaker 5: we'll be able to serve the world we'll be able
Speaker 5: to go out and help those people, that are impovershed
Speaker 5: just like capitalism. Has always done we'll be able to
Speaker 5: reduce poverty around the world even more since our country has,
Speaker 5: been so great we have helped other countries come out
Speaker 5: of poverty by, over eighty percent reduce poverty by.
Speaker 3: Over eighty percent. Think about that think.
Speaker 5: What we can do when we get back to being
Speaker 5: Utilizing the resources God's resources for god's purposes, to his
Speaker 5: glory including. The stock market and you guys showed that
Speaker 5: by the way you gave with our last campaign to
Speaker 5: help get the Message out about christ taking it to
Speaker 5: the School.
Speaker 3: Through kids. Club incredible people you Guys. Are incredible stuarts
Speaker 3: thank you for.
Speaker 5: BEING that way i know we got about, fifteen minutes
Speaker 5: left so you want to get in. The queue here
Speaker 5: the number is six ten three six. Three eleven ten
Speaker 5: i'd really love to hear. From you today i'd love.
Speaker 5: To hear something You know what i'd really, Like. To
Speaker 5: hear seth i'd love somebody to call in just talk
Speaker 5: About how good god's, been to them because we always
Speaker 5: hear about all the, pain and suffering but we sell
Speaker 5: them here about how grateful we are six ten three six,
Speaker 5: three eleven ten but you can call with another opinion.
Speaker 5: If you'd like we'd love to hear. That as well
Speaker 5: you also could call just to ask a question, about
Speaker 5: your finances because that's, why we're here Helping you use
Speaker 5: stuart the markets so You can honor god and, all
Speaker 5: you do.
Speaker 3: Including your investments we'll. Be right back.
Speaker 7: The opinions and recommendations expressed on this program do not
Speaker 7: necessarily represent the opinions of the station or any of. The,
Speaker 7: program sponsors additionally all products or services offered by the
Speaker 7: program sponsors may not be known by.
Speaker 2: The program folks we've seen some, excitement around. Here for
Speaker 2: sure mark's been making the rounds on a lot, of
Speaker 2: different interviews going on a bunch of. Different radio shows
Speaker 2: many of our Listeners have recognized mark's voice. On different
Speaker 2: shows one, Of, them recently mark was You Went on,
Speaker 2: kevin freeman's show actually was on last, week with us
Speaker 2: and then you went on with, him recently Too on
Speaker 2: his american Family Radio. Show pirate Money debbie FROM facebook
Speaker 2: saying i Enjoy Listening to Pirate. MONEY on saturdays I
Speaker 2: also Have kevin's book it makes sense to use gold and.
Speaker 2: Silver this way you've had some. Great interviews lately mark
Speaker 2: have enjoyed, all of them learned. Some great, Things, thank
Speaker 2: you debbie thank you so much for. That shout. Out, That's, awesome.
Speaker 5: Absolutely yeah it was a great time. On this show
Speaker 5: you know that show is well produced. And done well
Speaker 5: they really. Do some digging it's. Worth listening to if
Speaker 5: you haven't, caught it Before please do also remember we
Speaker 5: have another New show on. Saturdays, as well.
Speaker 1: Yes We Do.
Speaker 2: Mark Stewardship, today, stewardship today folks make sure you. CHECK
Speaker 2: it out a new Episode's. Release Every saturday Financial. Issues
Speaker 2: dot org just go to our watch tab and if
Speaker 2: you go there you can scroll Down To the stewardship
Speaker 2: today tab you can. Catch those episodes. Great great show excited.
Speaker 5: To.
Speaker 2: Do it mark We've also Got denise, From, VIRGINIA saying
Speaker 2: mark I Read The wall street awakening. This Past Weekend.
Speaker 2: Wall street awakening you've hit the nail right. On the
Speaker 2: head thank you for your time. Writing the book hope
Speaker 2: you included one with The Petition. To, President, trump interesting
Speaker 2: mark maybe Side Copy.
Speaker 5: Of. Street, awakening huh absolutely thanks for the, bringing that
Speaker 5: up mostly for bringing up The Petition. To president trump
Speaker 5: We're talking, about TRUMP accounts but i don't know if
Speaker 5: most People realize the trump accounts are the beginning to.
Speaker 3: A bigger deal if we could get them to admit.
Speaker 5: And allow us to have Investments in the trump Accounts,
Speaker 5: that honor god they then have to do IT with.
Speaker 3: The tsp accounts they.
Speaker 5: Then they would then have to do it WITH the
Speaker 5: new uh INDEPENDENT four one k accounts and. Five twenty
Speaker 5: nines imagine what would happen if all these government retirement
Speaker 5: plans opened up to at least one, faith based index
Speaker 5: one that we That, that honor god that truly does screen.
Speaker 5: For biblical principles we would have hundreds of billions of
Speaker 5: dollars going into those companies that that at Least don't
Speaker 5: compromise god's tenants love.
Speaker 3: We would have we would be reaching.
Speaker 5: That one tee about three FOUR years ago i started
Speaker 5: A movement That i Call, Rescue one tea and the,
Speaker 5: whole idea was out of the sixty seventy trillion dollars in,
Speaker 5: the stock market give or take ten trillion in, it
Speaker 5: any day there's less than than fifty billion that have
Speaker 5: been put into biblically responsible investing on purpose and less
Speaker 5: than a than a half trillion dollars by a long
Speaker 5: run of investments that are in biblically responsible kind.
Speaker 3: Of biblically responsible.
Speaker 5: So, my goal was let's just start with. One trillion
Speaker 5: dollars let's just take one sixtieth or one sixty fifth
Speaker 5: of the market and start. And start there and, once
Speaker 5: that's done we'll start seeing the Ripple effects of god's
Speaker 5: righteousness going through our country as companies become, aware and awakened,
Speaker 5: conscious that Hey there are, christians out there and they.
Speaker 5: Take this serious and if we, want their money if
Speaker 5: we want, them endorsing us if we want them, partnering
Speaker 5: with us so we can so our price of our
Speaker 5: stock goes up and we can borrow more and we can.
Speaker 5: Issue more stock then we need to start moving Towards
Speaker 5: honoring their god by not endorsing things. That offend them
Speaker 5: it will, affect our society it will. Affect our country
Speaker 5: we've seen it over. And over again When we honor
Speaker 5: god with our, resources his resources he. Actually honors us
Speaker 5: so let's not give. Up on this continue to call
Speaker 5: your continue to, call your. Congressman your senator continue to
Speaker 5: go Out to white house dot com and. TYPE in
Speaker 5: there i really want to PARTICIPATE. IN my tsp i
Speaker 5: really want to Participate in, the TRUMP accounts but I
Speaker 5: can't because i don't have an option that Does. Not
Speaker 5: offend god please help us put in a biblically responsible
Speaker 5: index that we can use just like the rest. Of
Speaker 5: the world don't keep the faithful from participating, with your.
Speaker 5: Greatness mister President Well.
Speaker 2: Said mark hey, Speaking of resources, by the way we
Speaker 2: got a great resource on our website stewarding your legacy
Speaker 2: well with financial issues dot. Org slash will you can
Speaker 2: click make a will under the resources tab and that
Speaker 2: is a free resource for our listeners and partners that
Speaker 2: allows you to be able to make a will. Free
Speaker 2: of charge different estate planning. Documents, As well mark we
Speaker 2: had a question come in. On this Again debbie from
Speaker 2: facebook ask this one saying we have a will but
Speaker 2: it needs. To be updated would it be, better for
Speaker 2: us or perhaps more beneficial if we did, a trust
Speaker 2: instead or could? We do both what would your Advice be? For, Debbie, There, Mark.
Speaker 5: Now seth i'm going to need your, help ON this
Speaker 5: but i believe you can do a full Will Door,
Speaker 5: Brow Powers attorney, healthcare powers attorney and you could do.
Speaker 3: A living, trust as well. All on us? IS that correct,
Speaker 3: I believe.
Speaker 2: So i, believe so YEAH those those i think if
Speaker 2: you would, do, attorney yep, YEP so yeah i think
Speaker 2: it'd be a great.
Speaker 5: Thing to do and they do that by just Going Out.
Speaker 5: TO financial issues i think there's a banner that pops.
Speaker 5: Up right away but even if you, miss that banner
Speaker 5: you could go to resources. To make will go to
Speaker 5: resource tab. At the top it'll have a drop down
Speaker 5: and click on make a will and it'll take. You
Speaker 5: right there and it's free, and it's easy and it's
Speaker 5: And from, what i'm reading. It's totally legal and they
Speaker 5: even address a lot of the the fine print of
Speaker 5: different states, laws in it so you have to tell
Speaker 5: them what state you're in and that.
Speaker 3: Kind of stuff so it's really PRETTY cool and.
Speaker 5: I love it and the idea That That that financial
Speaker 5: issues decided to go ahead and, and present this bring,
Speaker 5: this to you, pay for this this great resource for
Speaker 5: our partners and actually even more just for, anybody who
Speaker 5: listens is. A, wonderful thing.
Speaker 2: Absolutely, And You know debbie mark mentioned. SOMETHING important there
Speaker 2: i think this is just important insight for you to
Speaker 2: make sure that you have some working knowledge of your
Speaker 2: state's laws as it. COMES to Wills, i know, mark For,
Speaker 2: example in pennsylvania once you, sign a will, it's considered
Speaker 2: valid but it's still good to get. It, Notarized anyway
Speaker 2: basically so just knowing different, things like, THAT you know
Speaker 2: i think. Is very Important, SO for debbie i THINK
Speaker 2: you're in i actually don't know what, state you're in,
Speaker 2: but you know whatever, state you're in just just make
Speaker 2: sure that you have some working, knowledge.
Speaker 3: Of that right but they'll.
Speaker 5: Guide you on. Free will will they'll guide. You, as
Speaker 5: well yeah they'll let you know what the best route.
Speaker 5: To go, IS and remember i believe there's wisdom. And
Speaker 5: multiple counselors so if you do your free will and
Speaker 5: your free and you and you set up, a living
Speaker 5: trust and you get all, these documents done feel comfortable
Speaker 5: going to an, attorney, and saying hey we want you to.
Speaker 5: Review our documents don't be. Shy about it they'll charge
Speaker 5: you a set fee for an hour of reviewing your
Speaker 5: documents and they'll give you any idea if there's any.
Speaker 5: Issues or not so feel comfortable. About doing that there's wisdom. And,
Speaker 5: MULTIPLE counselors now i believe they're talking, about godly counselors
Speaker 5: not just not, just smart attorneys but. Godly, smart attorneys
Speaker 5: yeah there are, some, out, there Right yes.
Speaker 2: Praise god there that's, not a, Contradiction, is, it yeah right.
Speaker 6: It's.
Speaker 2: Exactly right, Mark you know debbie brought. Up something interesting
Speaker 2: when you're talking about a will. And a trust is
Speaker 2: there any wisdom in just having one, or the other
Speaker 2: or if you, can do both?
Speaker 5: Might, as well, well you know it's what's the Best
Speaker 5: Way that obviously i'm, not an attorney but why take
Speaker 5: on something? That's not, necessary you know why complicate your
Speaker 5: Last Your last stewardship act. By complicating it if you,
Speaker 5: need a trust. Then that's good, oftentimes, people say well
Speaker 5: the trust makes it. Easier past things avoid probate all this. Kind,
Speaker 5: of stuff, okay it could but if you have titles
Speaker 5: and if, you have deeds all those can BE tod,
Speaker 5: or pod. Designation beneficiary designations you can put beneficiaries on
Speaker 5: most of your accounts and you still want something going
Speaker 5: through probate just to make sure that your. State is
Speaker 5: closed that's what probate, is all about closing your state
Speaker 5: to creditors or people who could come against it and
Speaker 5: make sure things, get dispersed properly but if they're dispersed
Speaker 5: through all the titles and, the beneficiary deeds you don't
Speaker 5: have to worry. Much about that you just need to
Speaker 5: protect the estate and from people six years later coming
Speaker 5: after in a state that's been.
Speaker 3: Closed, by probate.
Speaker 2: Yep good stuff it's a great question, From. You there
Speaker 2: debbie and we're so grateful for glad that you're able
Speaker 2: to find some insight there on on the will side
Speaker 2: on our. Financial issues website, pretty, Cool stuff guys, mark
Speaker 2: one more look here at, the markets now kind of
Speaker 2: looks like everything has mixed. A little bit the SMP's,
Speaker 2: kind Of flat the nasdaq, is slightly DOWN and the
Speaker 2: dal is. Up Rather nicely the russell two thousand also up.
Speaker 2: Slightly this, morning and oil as we just, talked about earlier, Like,
Speaker 2: you said mark is down from. Where it was brent
Speaker 2: crude oil is also down a little.
Speaker 3: Bit, slightly too.
Speaker 5: Yeah down about three, quarters of percent which makes no
Speaker 5: sense because nothing's ever going to, get resolved there but so,
Speaker 5: anyway it is oil has become like the market's a
Speaker 5: little bit finicky and peep and moved on emotion more.
Speaker 2: Than, on fact, yeah, absolutely, absolutely folks listen Check us
Speaker 2: out financial. Issues dot org you do not want to
Speaker 2: miss everything that we have to, offer there again and
Speaker 2: now's a great time to become, A partner, too i mean.
Speaker 2: It really is if you're looking to take control of
Speaker 2: your Investments to honor god with the money that, he's
Speaker 2: given you to look for a good teaching resource that
Speaker 2: can come alongside your brokerage. And help you that's where,
Speaker 2: we Come in so financial issues dot org quick that
Speaker 2: become a partner button be a great.
Speaker 5: Thing, To do absolutely we're so glad that you're, with
Speaker 5: us today whether you're a, partner or not but of
Speaker 5: course we'd love you to. Be a partner we'd love
Speaker 5: you to join us and the rest of our partners
Speaker 5: as we pursue with abandonment the Opportunity to honor god and,
Speaker 5: all we do. Including our investments you too can. Be
Speaker 5: a steward you.
Speaker 3: Are a steward it's just deciding what kind of stewart you're.
Speaker 5: Going to be let us help you with That Here.
Speaker 5: At financial issues thank you For. Loving the lord thank
Speaker 5: You for loving god so much that you are trying
Speaker 5: to honor him with.
Speaker 3: All you do.
Speaker 5: Including your investments thank you for investing. With biblical integrity.
Speaker 5: God bless everyone look forward to. Seeing you tomorrow
Speaker 1: If we ever forget that we're One, nation under god
Speaker 1: then we will