The NXR Podcast - THE LIVESTREAM - Job Numbers Plummet ｜ Is The Market About to Crash？

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00:00:30 markets are officially at an all-time high right we had a scare earlier in the year in the month

00:00:37 of april we dipped crazy it was quite the correction and it happened very quickly

00:00:43 suddenly and this was due to trump's tariffs it scared the market people were thinking wait a

00:00:49 second we need cheap money and we need globalism in order to continue to trim you know pennies off

00:00:54 of every single dollar and have cheap labor and be able to set up our American companies in India

00:01:00 and all around the world. And Trump's going to mess that up because he's going to do something

00:01:04 positive for America. And something positive for America is negative for, you know, the global

00:01:09 homo economic market. And so we had this big scare. We had a lot of sell-off and all those 1.00

00:01:15 kinds of things. And ultimately what has happened is on the one hand, and I'm not super excited

00:01:19 about this. But on the one hand, it's undeniable. The tariffs have turned out to be milder than they

00:01:25 were originally proposed to be. In typical fashion, Trump tends to have a louder bark than he does

00:01:32 bite, right? So the bark was bigger than his bite. And that's pretty much Trump on most things. I

00:01:38 appreciate Trump, but that tends to be his M.O. And that's been his M.O. with tariffs and the

00:01:43 economy. And so on that news of tariffs not being quite as extreme as what they were originally

00:01:50 proposed to be, the market began to ease, began to recover. And then we had the Fed come out and

00:01:55 say, you know what? We're going to make cheap money again. We're going to have rates that are

00:02:00 slashed because inflation is not our biggest concern. Although the reality is there are still

00:02:05 some concerns with inflation, but inflation is not our biggest concern. The concern now is that,

00:02:09 well, half of America is going to be jobless due to AI and due to this and H-1B visas and blah,

00:02:16 blah, blah, blah. So of course, Wall Street hears that and they're like, yes, cheap labor,

00:02:22 AI, artificial intelligence, we're going all in. But what this means for the individual American

00:02:27 is that markets might scream higher, but you could be jobless. And that's a really big deal.

00:02:35 That said, also markets could come to a screeching halt. We have some important data coming out even

00:02:41 this Friday that could give markets a big scare. So yes, the Fed has signaled that we're going to

00:02:46 have three total rate cuts at the end of 2025. We've had one so far in September. Maybe we get

00:02:52 October and December, or maybe we get October and November. We'll see. But three rate cuts,

00:02:57 25 basis points is what the market is actually pricing in. Maybe we get a surprise half of a

00:03:04 percentage point, 50 basis cut. But ultimately, you're looking at less than a full percentage

00:03:08 point, 75 in total. And you're looking at unemployment ticking up. And that's what we're

00:03:13 going to talk about today. And the reality is that even with cheap money, if we go into a recession,

00:03:19 everything's going to hurt. And the market will eventually respond to that, no matter how cheap

00:03:24 the money is, no matter how much globalism there is, how mild the tariffs are. If the average

00:03:29 American can't afford to live. We're already there. But if it becomes exponentially worse,

00:03:35 because all of a sudden, you know, five and then six and then 10%, maybe even higher of Americans

00:03:41 are unemployed, then markets will absolutely crash. Now we are not going, we want to be

00:03:48 financially responsible. We're not telling you to buy, sell or hold. We're not giving financial

00:03:52 advice and not telling you what to do. And we're also not predicting, you know, with certainty

00:03:58 that the market will crash, but we're saying that it's possible, and we want to talk about 0.99

00:04:02 Christians. How can we be bulletproof? How can we be invulnerable in times like this? We want to 1.00

00:04:10 not only scrape by, not only survive, but we want to build generational wealth. Why? Because we want

00:04:16 to be comfortable, and we want to be arrogant. No, it's not about that. We want to be rich.

00:04:23 Being rich is not a sin.

00:04:24 It's greed, right?

00:04:26 The love of money that is the root of all kinds of evil.

00:04:28 We want to be rich.

00:04:29 Why?

00:04:30 For the good of God's people and for his glory.

00:04:33 For the good of God's people and for his glory.

00:04:35 We want to be good stewards of whatever God has given us

00:04:39 because the Proverbs say that a wise man, a good man,

00:04:42 leaves an inheritance not just for his children,

00:04:44 but his children's children.

00:04:46 And one way to be good stewards is to responsibly hedge,

00:04:51 to hedge against disaster, to hedge against market crashes, to hedge against this, to hedge against

00:04:56 that, to cast your bread. I think of the Proverbs elsewhere, they say seven times upon the water,

00:05:02 meaning what? Don't put all your eggs in one basket, right? Diversify, have many different

00:05:07 investments, be wise, because things that seem as though they could never stop. Well, the reality

00:05:13 is that human history has taught us again and again that things that appeared to be invincible

00:05:19 actually had an Achilles heel, and in the province of God, in his timing, titans fell, right? Empires

00:05:26 crumbled. This has happened time and time and time again. So to discuss the market and what you could

00:05:33 consider doing and what we see as a possibility of what might be happening, not just in the long,

00:05:39 long term, right? The market always goes up and always goes down, but even in the near term,

00:05:44 the potential of the market coming down, or at least correcting, if not a crash,

00:05:48 to talk about these things, what you should do, what we see as a possibility, what might happen

00:05:53 in the near future. We are inviting back on the show a special guest, Bill Armour. He's going to

00:05:58 be joining us for our two segments in the show, and we will dive right in after this introduction.

00:06:15 We're so back, and economically speaking, it might be so over. We'll see. We will see.

00:06:21 We are joined right here at the top of the hour with Bill Armour. As I just said, he is one of

00:06:25 the representatives of Genesis Gold, but he has a degree in biblical studies. He is a firm, sound

00:06:31 Christian man, brother in Christ. He's got, I think, some good insights when it comes to Christians

00:06:36 investing in markets as a whole. And so we're going to be talking about the market of what's

00:06:41 going on right now with the economy at large and unemployment, all those kinds of things.

00:06:45 And then in the second segment, after our first commercial break, we'll talk about

00:06:48 potentially wise hedges that Christians can invest in to protect against tumult and turmoil

00:06:57 and volatility in the market, which we've already had. But it seems like there could be some more

00:07:02 on the horizon. And if you've been following us for a while, you might recognize that Bill was

00:07:08 with us last month. And so this is something that's kind of a work in progress, but what we

00:07:12 are, what we're planning tentatively as of now is having Bill join us once a month, right? So we're

00:07:20 not saying every single live stream or something like that. There's a lot of things to talk about.

00:07:23 The economy is just one of them. It matters, but there's a lot of things that matter. But what

00:07:28 we're talking about is with three live streams every single week, that's 12 in a month, devoting

00:07:33 just one of those, once a month, to have Bill come on the show and to talk economy, to talk

00:07:38 Christian investing, to talk markets, because it matters. We want, first and foremost, for the

00:07:44 people who listen to us to be sound Christian men in the faith who are virtuous. But if we can help

00:07:50 it, we'd like you not to be beautiful losers. We'd like for you not to be sound Christian men 1.00

00:07:55 who are virtuous and poor, if we can help it. And so we do want to discuss God's economy and 1.00

00:08:01 our economy and what we can do to be wise. So Bill, welcome to the show. If there's anything

00:08:07 you want to say to introduce yourself, go for it. Yeah, thanks so much. So glad to be here.

00:08:13 It's such a pleasure chatting with you guys. And I enjoyed our previous conversation so much. So

00:08:17 it is great. You guys do phenomenal work. A little bit about myself, just a quick background. And I

00:08:22 know you alluded to this. I did eight years in the Army. Military intelligence was my specialty there.

00:08:28 So I've got some insight on that side of things that does paint my worldview.

00:08:33 And then beyond that, I went on to attend Azusa Pacific University, a Christian school in

00:08:38 Southern California, where I studied the Bible, obviously, and Christian ministry, and got

00:08:43 into precious metals, largely as a response to what I was seeing in the world come 2018,

00:08:47 2019, 2020.

00:08:49 So an understanding that finance and the way that the world is changing is such an invaluable

00:08:54 part of the way that we live our lives.

00:08:57 I think that people tend to forget that money is not just this ethereal thing.

00:09:01 It is really a representation of your time, of all of the energy and effort that you've

00:09:06 expended.

00:09:07 And you get a dollar, put it on your card, something, but there's a way that represents

00:09:11 your energy.

00:09:12 And so really, in a sense, when we talk about finances, we're talking about how or where

00:09:17 are we putting our time, talents, and energy.

00:09:19 And obviously, we want that to, A, be blessed and be fruitful, but also to follow what the

00:09:24 Lord's put in front of us and be able to and available to support ministries, et cetera,

00:09:30 be charitable. And all of that comes from being diligent with our finances. So a little about me.

00:09:35 Great. So let's go ahead with this first segment and start it off with you, Wes. You have some

00:09:40 numbers and some graphs that you want to show. I think it'd be great to just get some of the data

00:09:44 out there and then let Bill begin to respond. Sure. Bill, I'm going to go ahead and lead with,

00:09:50 I think really what's been the biggest story in the market this month. And that is the story

00:09:54 of the revision to the jobs, the Bureau of Labor and Statistics, BLS, they came out and

00:09:59 they said, hey, so between April 2024, so this would have still been during the Biden's

00:10:04 administration the last eight months or so, really about till about nine months, from

00:10:08 those last eight months of 2024 all the way to April 2025, we actually added about a million

00:10:15 less jobs than we initially thought we did.

00:10:18 So they went ahead and revised the numbers down 911,000.

00:10:22 This was the biggest revision on record.

00:10:24 And so what this happens is the Bureau of Labor and Statistics, they'll estimate for

00:10:28 given months, we think we added this many jobs or we lost this many jobs.

00:10:32 And those are key vital markers of the health of your economy.

00:10:34 If you're adding jobs, people are working, they're generating actual revenue, well, then

00:10:39 you have, for the most part, a healthy economy.

00:10:42 But if you have an economy where people aren't employed, people aren't working, they're

00:10:45 staying unemployed longer, we'll get to that in a minute, then all of a sudden you're saying,

00:10:49 whoa, something's wrong here.

00:10:50 Companies aren't growing.

00:10:51 Companies aren't hiring people.

00:10:53 People can't find jobs.

00:10:54 People can't provide.

00:10:55 People that can't provide, they're not going out and spending money.

00:10:58 They're not getting updates to their home.

00:11:00 They're not buying new properties.

00:11:01 They're not investing.

00:11:02 Your economy slows down if people are not working, if people aren't in jobs.

00:11:06 In this month, just earlier, September 9th, the Bureau of Labor Statistics had to come

00:11:10 out and say, yeah, actually, there was a million less jobs added.

00:11:13 I'm going to actually turn it over to Bill, and I've got some more statistics here specifically

00:11:17 on unemployment, on long-term unemployment.

00:11:20 but this would be if you could describe it potentially a canary in the coal mine even

00:11:25 though like you said the market is up we're actually looking around practically i know people

00:11:29 they've been out of work for months there's kind of a saying going around in tech hold on to your

00:11:33 job if you have it because if you lose it you'll be looking at a year to replace it so practically

00:11:39 the market can be up practically everything can look good but then you actually have departments

00:11:43 coming in saying actually we added less jobs actually this is another one uh long-term

00:11:49 unemployment is going up. You'll see here on the graph, this is from 2022 to May of this year,

00:11:55 2025. We're at the highest level in three years, individuals remaining unemployed for 27 weeks

00:12:01 or more. And so these seem to be kind of the early warning signs. Hang on, the economy is not

00:12:07 actually as healthy as the stock market seems to look. Bill, what do you think about that?

00:12:13 Yeah, absolutely. I think that the first thing I would tell everyone and just remind everyone

00:12:18 is that the stock market is not, we tend to think of it as that is indicative of the health of the

00:12:24 market. But in reality, what you really want out of an economy is people to be able to live what

00:12:30 we would probably call the American dream, right? They should be able to go to work, they should

00:12:33 provide for a family, they should be able to buy a home, these fundamental pieces of what it means

00:12:38 to be American. And those are not reflected necessarily in the price of Apple, right?

00:12:43 You know, the stock market, we saw this in COVID during, you know, immediately following COVID when markets were roaring, but people weren't working yet.

00:12:52 I mean, things were still shut down. We're still in the middle of, you know, the whole shebang there.

00:12:57 So to put it that flatly, to think that just because the S&P is higher, that that would mean the economy is sort of short-sighted and narrow-sighted, I would argue.

00:13:07 So when we look at the job numbers, you're right. Canary in a coal mine is a great way to put it in that they are they are indicative that something is going on.

00:13:16 And obviously, that's why we're talking about rate cuts. That's why that's on the horizon.

00:13:19 But it is interesting. And Trump has been a very loud critic of of Jerome Powell about he calls him too late.

00:13:27 And I think that now we're seeing evidence that Trump was pretty clearly right on this, that absolutely we would have preferred rates to go down a little bit sooner in order to pick up job growth.

00:13:36 So fundamentally, when we talk about this, when rates go down, it is cheaper to borrow money. So companies are less restrictive. They're less likely to tighten their wallet. And so they want to bring more people on board. They want to grow their company, et cetera, et cetera. But as you know, we're talking around 4% on interest rates. So that needs to come down. But you've got another side of that too, right? We've been battling with this really sticky inflation.

00:14:01 So we run into the term, maybe you've heard it, maybe you haven't, of stagflation.

00:14:07 And that's where you've got sticky inflation.

00:14:09 But similarly, at the same time, you've also got a job market that's not really growing.

00:14:14 So that lever that the Fed is normally pulling of either lowering or raising interest rates,

00:14:20 they're really hamstrung that they don't want to put it one way or the other because both

00:14:24 are negative circumstances.

00:14:25 And that's where we're starting to find ourselves now with these massive revisions backwards.

00:14:29 I've been a proponent for a long time that the job numbers have not been representative of what's

00:14:35 really been going on. Every time I feel like I'm Nostradamus in this, that it turns out that,

00:14:41 oh, yeah, look, a million jobs. But you could just look at some of the other indicators here to say

00:14:46 that this doesn't look like a healthy economy. And now we find ourselves finding being proven

00:14:50 right. So absolutely, this is indicative that something is coming. Companies are tightening.

00:14:55 and maybe you see as far as the market is concerned that that catches up it does often

00:15:00 play catch up to these kinds of things you've got companies that are expected to grow at multiples

00:15:05 of two three x year over year for 10 20 30 years and that's priced in and then all of a sudden

00:15:10 money is not as cheap to borrow and so those prices have to be revised those expectations

00:15:14 have to be revised downwards and that's where you would see obviously the stock prices of those come

00:15:19 down and market turnoff. I remember I worked in biotech. It was around 2021, 2022. And speaking

00:15:27 of cheap money, well, the rates were so low that companies say they wanted to expand. They wanted

00:15:31 to add another plant. They wanted to add another division. They wanted to spend on big products.

00:15:35 They wanted to acquire a drug. Well, it was very, very cheap to do so. They could borrow money at

00:15:40 pennies on the dollar. And practically speaking, hey, we threw up this plant. Hey, we added these 0.70

00:15:44 people. We're able to do all the plans that we want to do. I just remember hiring being so

00:15:49 big your departments were full of people and it was as those rates came up this is what practically

00:15:54 it affects all of a sudden companies smaller mid-size especially the large ones oh i want to

00:15:59 add a plant well this is the millions of dollars it's going to cost me an interest i want to keep

00:16:04 all these employees well practically speaking this is money that could go to that type of expansion

00:16:09 so practically speaking all of a sudden oh there's a lot less money going around to pay these people

00:16:14 to build these facilities, to add this product,

00:16:18 and personnel is often salaries.

00:16:20 That's a big expense that is very quick to get cut

00:16:24 when you'd rather do something that you think can make more money.

00:16:26 Right. American PAC leader just commented in the chat.

00:16:29 He said, I'm in tech, and it's worse than it was in 2008.

00:16:33 It's important for people to realize,

00:16:34 so part of the problem is globalism. 0.94

00:16:36 It's Americans being replaced by Indians and H-1B visas

00:16:40 and those kinds of things.

00:16:42 And yes, we saw from the Trump administration

00:16:44 you know a little bit of positive news that they were going to actually charge companies a hundred

00:16:49 thousand dollars but initially it seemed like you know it's it's another it's another trump uh

00:16:54 classic trump mo right so it's a bark and then uh the bite is ends up being a tickle you know so

00:17:01 it's like it was going to be you know what we were told is a hundred thousand dollars annually for

00:17:05 each h1b uh visa and then it became a hundred thousand dollars total and not for any of the

00:17:11 ones, you know, that are already here, but half of India currently lives in America, you know,

00:17:15 so only for, you know, the next 50 million, you know, that we're going to import. And even then

00:17:21 it's a one-time cost. And so, yeah, so one, you're being replaced by foreigners. Americans are 1.00

00:17:28 absolutely being replaced by foreigners and being replaced at every level in terms of being able to 1.00

00:17:33 afford a home, buy a home, but also in terms of jobs. But in addition to that, there is something 0.66

00:17:39 to be said for AI. I think the verdict's still out. There's a lot of question marks. That's true.

00:17:47 But I'm not saying this is a fact. I'm just saying that there are some economists out there,

00:17:52 and not just a few quacks, but some people with legitimacy and credibility who are projecting 0.95

00:17:58 that eventually, not tomorrow, but eventually, and not 100 years from now either, but in the next,

00:18:03 you know, anywhere from five, 10, 20 years, 20 being max, uh, that, that upwards of anywhere

00:18:09 from, you know, 30 to even 50% of Americans would be replaced, um, with their jobs. And,

00:18:16 and here's the thing. I, I understand, you know, I'm post-millennial. I have an optimistic,

00:18:20 you know, outlook on the future. And there's a lot of guys who'll say, no, that'll never happen.

00:18:24 You know, the cotton gin, they thought that was going to replace people, but really it just

00:18:27 created more jobs. Okay. Here's the deal. Um, artificial intelligence is a tool. I'm aware.

00:18:32 I am aware. And no, I don't think sentience is possible. I don't think that God would allow

00:18:39 within the fabric, the rules of the world that he created for us to achieve, to make life,

00:18:46 to make human beings, essentially. So all AI is, is a very, very, very powerful tool.

00:18:53 That's all it is. But it's going to get exponentially more and more powerful. It's

00:18:57 never going to truly think. It's never going to have a soul. It's never going to attain sentience.

00:19:02 We're not going to be able to upload our conscience to the cloud and create a digital eternal life and

00:19:06 those kinds of things. We've talked about that before on the show, and that continues to be

00:19:10 our position. However, even within narrow AI, it is still possible that it gets so smart and so

00:19:17 fast and so effective that you actually can replace a lot of human workers. And when it

00:19:24 comes to the cotton gin or the steam engine or you know these kinds of things in the past

00:19:28 it's like well yeah you know but but you'll never replace people okay well here's the deal and i've

00:19:33 said this before i'm going to say it again um in the case of ai um you you're not just talking

00:19:38 about digital ai but you're talking about robots right you're talking about optimus you're talking

00:19:43 you know there's not just tesla there's multiple different companies serve you know all these

00:19:47 companies that are working on physical robots and some of these robots um are they're not just like

00:19:52 the cotton gin. It's not just a tool like a hammer or a screwdriver. It's like, yes, it is a tool.

00:19:58 But what do you think happens if a tool gets invented that is shaped exactly like and has

00:20:06 the same mobility and function, physical function of a human being, right? So it's like you make

00:20:12 more tools and it's like, well, then people can use those tools and we can just produce even more.

00:20:19 okay but what do you do if if you get to a point where half of your country is simply not qualified

00:20:27 to work anymore um and and it's never going to be think about all the lawfare right so there'll be

00:20:33 people who you know they'll be fighting for you know labor unions and things like this and

00:20:37 but the corporations they're not going to say well pennies on the dollar you know uh bottom line must

00:20:42 go up gdp um that won't be the argument they will hire the best lawyers and they will make human

00:20:47 moral arguments. They'll say, hey, well, can we really afford the margin of error and the casualties

00:20:52 that occur from human truck drivers? This many people die in America every single year because

00:20:57 of car accidents. And, you know, it's not that we're just trying to make a buck, but having

00:21:02 automated, you know, trucks driving with artificial intelligence, here's the metrics, here's the

00:21:07 stats, here's the numbers, we'll save 30,000 lives in terms of car accidents per year. Really, you

00:21:13 know, we can't afford to have human drivers, not because of their paycheck, but because human life

00:21:17 is just so precious. And then what happens is you save 30,000 lives in terms of car accidents, but

00:21:23 you have 30 million people who don't have a job. I think that that's possible. So my point is,

00:21:28 yes, on one hand, Americans are being replaced by foreigners. So there's the globalism H1B problem, 0.91

00:21:33 but there also is the AI problem. And I'm not completely against AI. I'm also certainly not

00:21:39 for it. I have, you know, hopes and dreams, and I have also massive concerns. But the point is this,

00:21:45 there is a multifaceted, multiple front war right now when it comes to heritage Americans having

00:21:54 a vocation. And if you think that that's just, you know, that's just fluff, that's just 0.97

00:21:59 scare tactics, fear mongering, that there's no substance to that, then I think you're being

00:22:04 naive. What do you guys think? Yeah, I would echo that sentiment. I think that it's,

00:22:11 you know, one way I tend to think about AI in particular is that if AI at its worst here,

00:22:18 let's say it gets to the point where it's able to do, you know, the mundane task of, you know,

00:22:23 some researcher at a college doing some sort of, you know, general research, but the worst one

00:22:29 there at the worst college. But because they're, you know, automatic, they can do a thousand years

00:22:34 of that, you know, in a few days. So the production, right, it is exponential when we

00:22:40 talk about this. So people do talk about it. I'm not saying it's coming tomorrow, but I do think

00:22:45 that when it does come, it will surprise people at how quickly it does come. Because again, that

00:22:50 exponential growth in AI will be dramatic. And I also think on the flip side now, some of that is

00:22:56 hopeful. You know, that's why you see these multiples on any of these AI companies being

00:23:01 so dramatic is because they are hopeful that it'll come soon and later. I don't think we're

00:23:05 necessarily right, right on the doorstep of that. I think the more pressing concerns are things like

00:23:10 the H1B1 visas and things like that. But at the end of the day, this does happen. Is that in a

00:23:16 year? Is it in five years, 10 years? Who's to say no one has a crystal ball? But I really agree with

00:23:22 the sentiment there that if you don't think it can happen or will happen, then I think that's

00:23:27 naive now we can argue we can you know about when when that does occur but to understand that a lot

00:23:33 of this is and i think that from the top down you're right it will become a if they'll argue

00:23:40 in a way that doesn't seem like it's just at its bottom dollar but they will get there and the

00:23:44 lobbying in this country is so powerful i don't think that you know general trade unions and

00:23:48 whatnot are going to stand up to the tremendous wealth that can be created by replacing people so

00:23:53 So if they can move, I mean, that really is the end goal, right?

00:23:56 They put people into multifamily housing, control rent you never own.

00:24:01 These are all pieces of the puzzle here.

00:24:03 Take away skills that you may have had so that you're forced to fall into line, get

00:24:08 paid whatever they think you're worth because you don't really have any traction or say

00:24:12 so because the job that you used to do has been automated in some way or form.

00:24:16 So I think it's a scary concept, but it's one that we have to be honest about and have

00:24:23 these conversations so that people aren't thrown for a ride when it does come. Yeah. So basically,

00:24:30 I'll put my cards on the table and make a prediction. Again, this is not financial advice.

00:24:34 I'm not telling you what to do. I'm fallible. I don't have a crystal ball. I could be absolutely

00:24:38 wrong. But what I see is this. I don't think that we're at the point, you know, like the dot-com

00:24:45 bubble where every single company, you know, we have a website, we have a website, we have a

00:24:50 website um you know i there there is some overlap some similarity with that where every single

00:24:57 company is like we use ai it's like okay yeah well my wife uses ai you know like um you know

00:25:03 everybody i've been using ai for you know over a decade every single time i use you know google

00:25:09 maps and so i mean that that is you know it's it's not as as developed as as chat gpt but that's

00:25:14 what it was. So I do think there's some overlap when you think of the dot-com bubble and the AI

00:25:21 bubble. That said, there's a lot of guys saying the bubble's going to burst tomorrow. I don't

00:25:25 think we're there. I think it's going to be a little while. However, at minimum, though,

00:25:30 my personal prediction, again, not financial advice, is that we have been screaming in the

00:25:37 markets. So September is historically, you look at the last 100 years in the stock market,

00:25:43 Historically, September is the worst month of the year, and it has been arguably one of the best

00:25:50 months, if not the best month of 2025. September was just, you know, roaring. And a big part of

00:25:57 that is because the market was pricing in, and correctly, that we were going to get rate cuts.

00:26:03 And so, you know, the market likes cheap money, and so we got that. But to think that we would

00:26:08 somehow skip um your typical pullback and cooling off that happens in september or even you know a

00:26:15 correction you know five percent six percent to think that we would just skip that entirely and

00:26:19 that that wouldn't happen this year at all and that it would just be the tariff scare back in

00:26:23 april and just you know up up up up up with no dips along the way till the end of the year i

00:26:28 think is a bit naive so i'm not necessarily saying there's going to be a crash this year i don't um

00:26:34 I don't predict that, but I do think that we'll probably have an end of the year rally like we

00:26:39 did in 2020 and 2021 and 2024. Um, but sometime before, um, you know, between now and this kind

00:26:47 of end of the year rally, that could be November, it could just be December. Um, I do think that

00:26:51 you're going to have somewhat of a correction. It may not be in the technical sense, 5% full

00:26:56 correction. Uh, but I do think that markets will, will likely ease and, um, and I would not be

00:27:02 surprised if that happens soon and in terms of a full-blown crash you know who knows nobody knows

00:27:08 i don't know i'm not going to pretend to know um but but i will say that um even if if all these

00:27:14 you know mondo companies are are have cheap labor and have all this ai working for them and are

00:27:20 doing this and doing that and and producing robots and producing all these different things of immense

00:27:26 value if americans the people um are unemployed um then there will be there will be a significant

00:27:35 economic turmoil and um and i do think that there are like you said a canary in the coal mine

00:27:41 i think there are the beginning signs of that and christians should be prepared so let's go to our

00:27:47 first commercial break and then we're going to come back and and we'll give a little bit more

00:27:50 data. Wes has some more data, but we'll also talk about in light of a potential economic downturn,

00:27:58 whether that's next week or whether that's next year or whether that's a couple years from now,

00:28:03 in light of potential economic downturn, how can Christians be good stewards and wisely hedge

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00:32:21 m as in ministries dot com i'm not gonna lie the music to that last commercial pumps me up

00:32:31 it reminds it reminds me of like my 12 year old self playing sonic the hedgehog

00:32:36 um all right we're back uh let's go over a little bit more data west has a couple more charts we

00:32:42 love a good chart chart saves lives it saved donald trump so let's let's look at a couple

00:32:46 more charts respond to that and then let's talk about christian investment strategies to hedge

00:32:51 against economic downturn uh so i'll give it to bill just after one piece of data here here's

00:32:57 everything we're saying hey is the market about to crash what are we looking at as far as job goes

00:33:02 and i can't think of anything that practically impacts husbands and fathers more but as far as

00:33:05 jobs and unemployment october 3rd the job numbers for september are going to come out you look at

00:33:10 this chart that's on the screen i'll describe it if you're listening you'll see towards the end of

00:33:14 the year kind of from august afterwards on a growth in jobs added this reflecting of the holiday

00:33:19 season, increased spending. And so for 2023 and 2024, September has been a big month. August has

00:33:26 been bigger as well, typically, than this August has been. But you're going to see if things are

00:33:31 doing okay, hopefully a big jump. You're going to see going into September, then October and

00:33:36 November, hopefully see that same increase close to 300,000 jobs being added. However, if on October

00:33:43 3rd, job numbers come out and we continue the trend, we had negative job add. This was back in

00:33:48 May. Negative job ad in May. Very low for August or June, actually. July. If you're looking at

00:33:55 August, very low ad. If that trend continues, we're in trouble. And so kind of pin in your

00:33:59 calendar. Job numbers will come out again for September on October 3rd. That's your metric

00:34:04 to try to get a sense, hey, was this job thing we're trying to get out of the Biden administration?

00:34:09 They were fudging some numbers. Things are okay. Americans are getting jobs. Or are the numbers

00:34:15 not kind of lying we're seeing like oh snap uh practically speaking people are not employed

00:34:19 we're not growing and we've got economic pain ahead so oh snap so well said oh snap oh snap

00:34:26 so true king uh bill what do you think yeah so my my first uh just take their point would be that

00:34:32 anything that happens with the these these numbers that come out from vls we always need to keep in

00:34:38 mind that as results come in so as job numbers come in from places like adp they don't get them

00:34:44 immediately and it's why they're constantly revising them backwards forwards etc and there's

00:34:49 i'm sure there's some gamesmanship to that and you know that's a whole other conversation but

00:34:52 what i will say is that whatever number we get we can pretty much guarantee that's not the number

00:34:57 we end up with so whether that's high low it still leaves questions moving forward that's

00:35:03 the first piece i would say the second piece i would mention is that rate changes do not don't

00:35:10 don't have effects immediately necessarily some effect but largely the effects come over time

00:35:15 and so it's kind of like the the old saying there an object in motion tends to stay in motion uh and

00:35:21 what i mean by that is that when we cut rates the implication we would want to you know create job

00:35:26 growth etc but that's much harder to do if we've already stagnated than if we're already growing

00:35:31 or on the right track so if we have reached a point where job growth has stagnated which i think

00:35:37 looking at these numbers, we've been moving in that direction for the last year or so. We just

00:35:42 maybe haven't known that those numbers haven't been properly reported, but that we are at a

00:35:46 point now where that job growth, we're in stagflation. So to think that it could just

00:35:51 overnight, we could fix the problem by lowering rates is really not, doesn't coalesce with what

00:35:57 history would tell us about this. So even if we get great numbers and they pop right back up,

00:36:01 one, we might want to question those numbers, just based on people you know, what you see around,

00:36:06 One, because you may, in fact, those numbers may come back two months later and not be accurate.

00:36:12 And two, we would understand that if they are, in fact, as bad as it seems like they have been, that we may be in for a longer recovery on this.

00:36:19 And that kind of ties into these expectations of stock market growth, that it may not be as simple as, you know, hey, hit the button and things are going, we're off to the races, stocks are back up.

00:36:31 stock market S&P is up about 13% or so on the year, which is, I mean, great. No one's crying

00:36:37 about a 13% gain, but that is built in with the assumption that inflation's coming down,

00:36:43 job growth was still high. If it turns out that jobs are shrinking, companies are shrinking,

00:36:48 and we've still got this sticky inflation, now we've got a different conversation about the

00:36:53 expectation of equities moving forward. Yeah, well said. What do you think, Wes?

00:36:59 yeah we can turn it over i think specifically to inflation because that's practically if jobs

00:37:03 are impacting how do i make money inflation is the question of uh what is actually being done

00:37:08 with that money and if you look at this graph um so inflation look at this photograph look at it

00:37:13 uh through trump's first admin we got to be honest one of the strong points was the economy

00:37:19 uh the unemployment numbers were good as far as inflation goes it's perfectly manageable

00:37:23 until fauci killed it until fauci killed it until until china the woo flu the chinese flu so then

00:37:29 you see here this is your whole graph of really i mean everything that the fed has been trying to

00:37:33 get their hands on for the last four years it's this runaway inflation even excluding food and

00:37:38 energy i mean at the peak you're talking six and a half percent inflation your money just literally

00:37:43 in the course of a year being eaten by losing value yep you got six percent demotion if you

00:37:49 got no raise. Well, I made $100,000. Congratulations in real terms, excluding food and energy,

00:37:54 if we include them even higher, you got a 10% pay cut. So the point is, even compared to before

00:38:01 this huge runaway from COVID, we're still at 3%. So practically speaking, how do I take money?

00:38:08 So I'm making it in cash. I'm making it in the US dollar. That dollar is losing 3% every year,

00:38:15 that money and and that's why christians you have to think like it's not just well i'm going to

00:38:20 store i have cash here and i could store it in this and i could store it in that or i could store

00:38:24 it here that money itself is quickly being eroded away and i would say even from the outset it's

00:38:29 actually an immoral system it's immoral that money that you have and you earned that had a certain

00:38:34 set dollar with a certain expectation of the labor that went into it that someone far away could go

00:38:38 let's print a couple billion more of these because scarcity is a huge aspect of value there is a

00:38:44 reason dirt is not sold it's everywhere scarcity is what drives at some level of course it's

00:38:50 divisibility it's interchangeability all of those other things but scarcity is a big one and so you

00:38:54 practically if you're storing your wealth in the u.s dollar uh three percent still not just like

00:39:00 well a couple years ago no it was even worse than still today and rates are coming down uh still

00:39:05 today three percent you're taking a pay cut every single year and practically what it is that your

00:39:11 money can buy. I think of it like this. So used to, when I was younger, I thought, all right,

00:39:17 I have money. What should I invest it in? And now the way I think about it is I have wealth

00:39:22 that God's given me, and what should I invest it in? And money, or more particularly, U.S. currency

00:39:29 is just one investment. So it's not, I have the U.S. dollar, this many dollars. What should I

00:39:37 invest my dollars in no i have wealth my the accumulation of my time and talents and treasure

00:39:43 my my my energy um and and what should i invest that in in the u.s dollar is is an investment in

00:39:50 and of itself so it's yeah so it's not i have money uh do i do stocks or bonds or gold um no

00:39:57 it's um i have wealth and i can do stocks or bonds or gold um or crypto or the u.s dollar and when

00:40:04 you think of it like that, the US dollar currency money actually as an investment, then the next

00:40:09 question that that immediately raises is, is it a good investment? And the answer is absolutely not.

00:40:16 In fact, it's one of the only investments that historically always goes down. Always goes down.

00:40:23 It's a depreciating investment, always. So that doesn't mean you don't hold any cash because

00:40:30 emergencies happen, right? And there can be penalties for liquidating investments and those

00:40:35 kinds of things. So I'm not saying that you should be foolish. It's good to have some money on hand 0.97

00:40:40 for a kid breaks their leg and you got to go to the emergency room, you know, or whatever it may

00:40:45 be. So having some cash on hand, yes. But if you're a wealthy individual or just even an average

00:40:53 individual, to have 90% of your wealth in cash, knowing that in terms of inflation, it taking up,

00:41:01 imagine that you have cash and you've stored it, locked it away in a room. And there are literal

00:41:09 live moths in that room. And you can see through a glass window that every year you have $100 in

00:41:15 there and they're eating up six of those dollars. Would you think that's wise? Hey, I should put

00:41:21 another $100 in there? Of course not. So you have to think of it's not money, which investment,

00:41:27 it's wealth, which investment, and money is one of those investments, and it happens to be a bad

00:41:32 one. Happens to be a bad one. So keeping some money on hand for emergencies, but for the rest

00:41:38 of your wealth, and I would argue 50% or more of your wealth, depending how much money you have,

00:41:45 to be in something besides currency, besides the US dollar, to be in some kind of investment,

00:41:51 some stocks, some bonds, some precious metals, maybe some crypto. I do think, I got to admit,

00:41:57 I think that Bitcoin and Ethereum, all right? I'm not talking about Fartcoin 2000, you know,

00:42:02 whatever. But Bitcoin and Ethereum have been lagging in terms of the four-year cycle that

00:42:09 follows the halving and those kinds of things historically all the way back, you know, 2012.

00:42:13 12. They have been lagging, but Bitcoin, one of its fundamental support lines with this cycle

00:42:20 has been 112,000. And it looked like it was going to break and fall through, but it's held.

00:42:26 And I would not be surprised if between now and the end of the year, it's probably not going to

00:42:31 be tomorrow, probably be right there towards the end of the year, November, most likely if I had

00:42:35 to guess probably around Christmas time, I do think that Bitcoin will run. I recently, last

00:42:39 month when bill came on i think i projected you know 168k uh bill said around 170k and again

00:42:45 not not financial advice but just us having a little fun doing a little prediction i would

00:42:50 like to revise my prediction 200k i think it's gonna roar i think it's gonna roar and it's like

00:42:57 joel you came up with that on your own no i listened to uh tom lee from uh funstrat and

00:43:01 honestly i mean the dude is incurably bullish you know so sometimes it's hard to take what he says

00:43:06 you know seriously because two rps in the pod yeah i mean no matter what's happening he's like

00:43:11 it's going up you know but um but the way he says it he i say it's going up and he says

00:43:17 as an asian man who knows math it's going up and when he says it it carries more weight you know

00:43:23 so and he says it very eloquently and with lots of big words and so um i i do think that crypto

00:43:28 has some life in it uh with q4 if we don't have a big macro downturn in markets because crypto

00:43:36 still has not completely distinguished itself from the market. I mean, Bitcoin should be like

00:43:41 digital gold, which would be in many ways, not just an investment, but a hedge. But it has not

00:43:46 distinguished itself. It doesn't have the history that gold and silver and precious metals do. So

00:43:52 when the market downturns, gold will probably go down a little bit, but then a lot of people

00:43:57 move money over to gold. And so it can actually diverge from stocks and do well. Whereas Bitcoin

00:44:04 doesn't, it hasn't completely solidified that reputation as digital gold and a hedge. And so

00:44:10 Bitcoin is going to still follow the market in many ways, or at least maybe not follow it parallel,

00:44:15 but follow it behind. So we've had a market roar. And that's why I think Bitcoin that's kind of

00:44:19 been sitting there at that 110 to 120,000 range will follow what's happened in like August and

00:44:26 September with the market and Q4 probably roar barring any catastrophic circumstances. But my

00:44:33 point is, if we have a recession or something severe, Bitcoin is not going to distinguish

00:44:40 itself. And the market is crashing and Bitcoin is soaring. That's not going to happen. It's going

00:44:46 to follow suit. So I think crypto is a good investment. I think stocks within reason,

00:44:51 especially for long-term investments, is a good investment. Bonds at times can be a good

00:44:56 investment. Real estate, I think, is a good investment, especially there's no bad real

00:45:00 estate investment if you plan to stay a while. So I think those things are good. But I also think

00:45:06 with economic turmoil and with us kind of, you know, we talked about the fourth turning the

00:45:11 other day, with us kind of really historically entering into uncharted territory, I think that

00:45:17 another good investment is precious metals. And that is an expertise of Bill's. Bill, could you

00:45:24 talk to us about precious metals and gold? Sure, sure. Happy to. And actually, just a couple

00:45:29 numbers that came to mind as you were chatting. So you talk about kind of the bull run that the

00:45:34 stock market is on. Some historical context here. The Dow to gold ratio today is about

00:45:40 10 and a half to one. So the price of the Dow basically to one ounce of gold. In about 1980,

00:45:47 it fell below. So one ounce of gold is worth more than one to one. So to paint a picture of what it

00:45:52 looks like since about the 1980s, and there's reasons for that. Some of that is even just

00:45:58 the functionality of even something like the 401k system that has funneled investments into

00:46:04 people didn't have as many choices, right? The only options they had were stocks, bonds,

00:46:08 mutual funds, et cetera. So there was a forced sort of paper funnel that, you know, put people's

00:46:15 retirement savings into the market. And so you've seen this divergence between the price of gold and

00:46:21 the price of the market. Now, obviously, if that were to just split in half, let's say, you know,

00:46:26 half of the money, you know, people woke up and said, you know, we used to actually prefer one

00:46:30 ounce of gold over, you know, one share of the Dow, but now we're going to change that. We just,

00:46:34 you know, we're going to split that in half. So from 10 and a half to five, that's where you see

00:46:37 gold at about 7,000 to 8,000. And then obviously with Trump's, for people who don't know, Trump

00:46:42 has passed legislation allowing people to own. And still it's, we're talking about paper gold

00:46:46 and silver. So there's some, you know, ickiness in there and that's a whole nother conversation,

00:46:49 but nonetheless, it does still drive the price of physical metals a little bit, but he's laid

00:46:54 that to be mandated that that be accessible for people through 401ks, even as they're still

00:47:00 working, even as they're under 59 and a half. So that's a huge deal. Yeah, it's a huge deal. You

00:47:05 add trillions of dollars of potential investments. And a lot of people I talk to that are around my

00:47:10 age that can't access that money. So I'd love to have, you know, gold or silver or crypto, etc.

00:47:16 These alternative assets beyond just stocks and bonds, but I'm just not able to. My plan doesn't

00:47:21 allow that. And so changing that, I think you're going to see a dramatic shift in the price of

00:47:25 these alternative assets, if for no other reason than people have access to them and put a majority

00:47:31 of their savings. Most American savings is inside of a retirement account like that. So

00:47:35 the Dow to gold piece, I think, is important. That's real quick to summarize you, Bill,

00:47:42 just for the listener. It sounds like what you're saying is that, yes, gold has done really well

00:47:47 in 2025. So gold is soaring, but that's in the micro. If we pan out and we look at the last 30,

00:47:54 35 years, all the way back to 1980, what you were saying, comparing, you know, gold with the Dow,

00:47:59 it sounds like what you're saying is in the micro gold is soaring, but in the macro, the big picture

00:48:03 gold is lagging behind. In other words, there's some massive potential upside. It has a lot of

00:48:09 room that it could, that it could run without, you know, being without, you know, rainbows and

00:48:14 unicorns, you know, like in a, in a real realistic projection. Um, nobody has a crystal ball again,

00:48:19 not financial advice, uh, but gold, what is it right now? It's like about three,

00:48:24 a little 30,750, give or take 20 bucks, depending on, on the moment. Say it again. 3,000, what?

00:48:30 3,570. Okay. So 3,736. Okay. So 3,700. So let's say that. So gold is at 3,700. I remember last

00:48:40 year when we were talking uh you said that it's reasonable again not not not saying this will

00:48:44 happen but it is a reasonable prediction uh that gold could uh uh finish this year at 5 000 but

00:48:50 the reality is um that it could have a run it is it is possible it could be 5 000 uh but it could

00:48:56 have a run and even top that or in 2026 perhaps if we give it more time um that it could gold could

00:49:02 be uh 7 000 within the next few months to 18 months or something like that so we're talking

00:49:08 about not just a good investment in terms of God's economy. We talked about that last time

00:49:13 we gave some of the biblical theology of you have gold in the book of Genesis. You also have in the

00:49:17 book of Revelation. You weren't with us, Wes, but Bill was pointing things out, and then I was

00:49:21 having epiphanies based off of what he was saying. And I was thinking about even in God's economy,

00:49:25 the infinite one, right? He has no scarcity, no lack. But even for the infinite one, gold is even

00:49:32 in the eschaton. The streets are made with gold, which means even in eternity, when there is no

00:49:37 lack, gold still has a store of value, that God still sees gold as value. So that's really crazy

00:49:42 when you think of all the biblical references to gold, but not just that they're all in the book

00:49:47 of Isaiah, but it's throughout the whole Bible from the very beginning of creation and even in

00:49:52 the life to come. From Genesis to Revelation, in God's economy, gold is always viewed as valuable.

00:49:58 So in the macro long run, we know that precious metals are a good investment, but my point is to

00:50:02 say that even in the short run, we could see gold go on a tear. It's possible that you could have a

00:50:08 40, 50% increase by the end of this year. And it's possible that gold could 2x from here or close to

00:50:14 it from the next six to 18 months. Is that fair, Bill? Yeah, absolutely. And another thing I would

00:50:22 point out, just because we were talking about inflation, when I always go back to is, and

00:50:26 there's many different ways to measure money supply. M2 is maybe the most common. And just

00:50:30 for people who are listening and may not know what that is, that is going to be the amount of

00:50:35 not necessarily cash, but cash equivalents. So what is in checking accounts, what is in savings

00:50:40 accounts, actual cash, et cetera. So really immediately liquid cash or cash equivalents

00:50:46 has grown about roughly 700% since about the 1980s. Obviously, when we leave the gold standard

00:50:53 there. And gold has not necessarily tracked that perfectly, which means, again, that there's

00:50:59 the understanding that gold can very comfortably move. If gold were to move in accordance with

00:51:05 that, that's where we're talking about gold at about 7,000, 8,000. More context, even just CPI,

00:51:11 if it were to follow the CPI perfectly, you could see gold at 4,500 to 5,000 from about 1980 to now,

00:51:19 versus the highs, I should say, in 1980. So all of that to say is that when I talk about these

00:51:24 numbers about gold, sometimes people can think that I am being really pie in the sky and that

00:51:30 this is really hopeful. And it's really not. In fact, gold has just been tremendously undervalued

00:51:35 for so long that when people look at year-to-date on gold, they say gold's up 44% year-to-date,

00:51:40 they say, man, that's crazy. How is that possible? And the answer is that we are in the middle of

00:51:46 a renaissance in which gold will likely come back to where it sort of belongs. And that's

00:51:51 some of these other numbers I've talked about. Now, am I saying it's going to go to 20,000 or

00:51:55 something like that? You know, in returns, you're going to- Yes, yes. Yes, he is. No,

00:52:00 no, he's not. But I just try to be, I try to be constructive in helping people to understand

00:52:07 the historicity of gold in relation to its price and price targets, because these are not, you

00:52:12 know, you know, abnormal things. It's really just gold has been so depressed for so long

00:52:16 because, you know, I mean, the stock market, we've been on the longest and largest bull run

00:52:20 in history with the exception of a couple quick recessions like 2020. But we get out of them so

00:52:26 quick because what do we do? We pump money into the system. We turn away from this. And then all

00:52:32 of a sudden we act like it's fine. But at some point, that tried and true solution of creating

00:52:37 dollars out of nothing, it loses efficacy and doesn't work. And in fact, makes the problem

00:52:42 worse. So it's a short term, it's a bandaid on a bullet hole. It works short term, but in the long

00:52:48 term, you really need surgery or a tourniquet or, you know, or something that's going to change

00:52:52 that. Otherwise the bleeding will continue. What do you like better, uh, right now? Um,

00:52:57 Bill Harris is in our chat and, uh, and just pointing out that, you know, silver also has

00:53:03 a lot of upside right now and might even be, you know, he's arguing it might even be

00:53:06 potentially a better investment, um, at this current juncture than gold. What, what do you

00:53:11 personally like better right now at this moment? Gold, if you had a thousand bucks, you were going

00:53:16 to put it in silver or gold, you only could choose one. What would you go with?

00:53:21 Yeah. So I'll start by answering the question that's silver. And now I'll explain. So

00:53:24 I always talk with people about gold because they know gold and they understand gold.

00:53:29 And functionally, precious metals, I think that does a better job of telling the story. But

00:53:33 if you're looking for what has the best expected returns, the way to think of gold and silver is

00:53:39 that they historically are tied to one another. And I mean, in a sense of a ratio of a certain

00:53:44 amount of silver should roughly equal a certain amount of gold. And that's the gold to silver

00:53:49 ratio. And normally, when we look throughout history, we see somewhere in the range of it's

00:53:53 higher or lower, depending on when you're looking. But kind of the median there would be about 35

00:53:57 ounces of silver to one ounce of gold. So obviously, gold at about $3,750 right now,

00:54:04 and silver at about $44. So there's a pretty big discrepancy. We're looking at 80, 85 to 1,

00:54:10 as opposed to that 35 to one. So let's say that gold decided, you know what? I don't like what

00:54:15 Bill's saying. I'm just going to hang out right where I'm at. I'm not going to move an inch.

00:54:19 We're still silver just to fall into that path there where it aligns more directly with its

00:54:26 historical relation to gold. It still would have to triple. So silver, of course, the upside on

00:54:31 silver is much more dramatic. I mean, in a perfect world, gold goes to 7000 and silver

00:54:36 you know, falls up to, you know, goes to 350, you know, who knows. But the point is, is that

00:54:41 all the technicals aside, uh, in terms of, uh, of what gold could do silver alone has, has a

00:54:48 tremendous value. And that's to say nothing of the fundamental pieces that, that we could talk

00:54:53 about silver with, you know, the, the updates and the EV battery coming out of Samsung, uh, that

00:54:58 will be, you know, about one kilo of silver per battery that, you know, do your own research on

00:55:03 that, please. I think it's a tremendous product, but that I do believe will replace the lithium

00:55:07 ion battery entirely. So there's a lot to say about silver. So I would say silver. I rambled

00:55:12 a bit there. No, that was fascinating. I like that. Real quick, because I want to get to our

00:55:18 super chats. We had a couple of guys with some encouraging comments. But before we do, for

00:55:22 anybody who is interested in, one, having a long-term investment for future generations and

00:55:28 wanting to be a good steward, but then also in the short run, with the potential of economic

00:55:32 downturn and those kinds of things, it may not happen right away, but could happen in the future.

00:55:39 Where would they go if they wanted to invest with you? Because what I like about you guys is

00:55:43 you're all Christians. It's not just, you know, Genesis Gold is not just a nifty name,

00:55:50 but you guys are using that name, you know, intentionally. You actually are believers,

00:55:56 you love Jesus, and you have a similar worldview to what we do, because there are Christians who 1.00

00:56:01 are perpetual losers, and they love Jesus. They're brothers and sisters in Christ, 0.96

00:56:07 but they think that Jesus is going to—I typically say return next Thursday, but actually these guys

00:56:12 think that he was going to return yesterday. Apparently the rapture was supposed to be

00:56:16 yesterday. I was seeing that online. And so they don't necessarily plan ahead. They're not really

00:56:20 planning for future generations. But Genesis Gold and Right Response Ministries, we are not like

00:56:26 that. And so I appreciate the kindred spirit, the like-mindedness of devotion to the Lord Jesus

00:56:31 Christ, but also a future-minded outlook and wanting to be good stewards. And so for Christians

00:56:39 who follow this channel, if they are going to invest in precious metals, I think doing that

00:56:43 just in general is wise. But if they can, I'd like to send them your way with a God-fearing

00:56:50 Christian business. So where would they go? How would they investigate investing with Genesis 1.00

00:56:55 Gold? Yeah, absolutely. So a couple of ways, obviously, you can reach out 1-800-200-GOLD,

00:57:03 that's Genesis. And just mentioned, obviously, you came from Right Response, so we know who to

00:57:06 thank. And frankly, because people that come from you guys, I want to help personally. I believe

00:57:12 very strongly in what you guys want to do and what you do on a daily basis. So I want to support

00:57:18 that i want to be able to help those people directly uh but beyond that right response gold

00:57:22 and i'm sure we can get a url out there but that's right response gold.com real quick

00:57:28 i think we have a url uh nathan ours okay so ours is uh and can you make sure that's in the

00:57:36 show notes nathan okay so it's in the show notes right now so if you look at the description check

00:57:40 out the show notes for this episode you'll find it but it's right response nathan right response

00:57:45 bible gold is that right at not right response ministries but just right response bible gold.com

00:57:53 there it is right response bible gold.com so that's that's we do have a url so uh so make

00:58:00 sure to use that or call the number um but but tell them we sent you what's the number one more

00:58:04 time 1-800-200-GOLD okay go ahead sorry i cut you off no no not at all and uh and absolutely

00:58:12 I apologize, you know, for mixing the URL there. But of course, that's in the in the description as

00:58:17 well. So people can look there. But, you know, I always start by just trying to get to know people,

00:58:22 understand where they're at, what they're looking to do. And taking again, you know, I know we spoke

00:58:26 a little more on theology and whatnot in the last conversation, I'm sure we'll do more of that.

00:58:30 But really trying to make people understand the theology of why, you know, I personally and, you

00:58:37 know, why the Bible talks about gold and why I'm so adamant about it being in people's tool belt.

00:58:41 So reach out. We can have a conversation. Hopefully, you know, as you listen to us chat here, you understand that I don't work at a used car lot. It's really not how we operate here. And that's why I'm very blessed to be at Genesis as a whole is we're a group of really faithful Christians.

00:58:58 I've met some tremendous men of God here that we all bond on and we're able to spur each other on.

00:59:05 And frankly, we'd like to be able to help people in this transition because the world is changing and it's changing very, very fast.

00:59:10 And you need biblical wisdom to understand how to facilitate that and how to respond to that.

00:59:16 Amen. All right, let's do some super chats. Nathan, can you go ahead and get those lined up?

00:59:20 So we have two of them. One is from Gabriel. He gave us $5. We appreciate that, Gabriel.

00:59:27 thanks for your generosity he said thank you um for all you guys do uh from a gen z man uh we have

00:59:35 by the grace of god and i i take this as a massive win i'm very encouraged about it but i would say

00:59:41 we've always had a younger audience but mostly millennial kind of following my age group uh west

00:59:47 is a young millennial i'm an older millennial uh but it seems like in just the last six months that

00:59:52 we've had a huge uptick with our followers, especially on X that are early 20s. They're

00:59:59 young men and some 18, 19-year-olds that are following us. And for them, I think of myself,

01:00:05 I'm thinking, good grief, I wish I knew half of what I know now when I was 18. I would have saved

01:00:12 myself a lot of heartache. I'd be in a much better position currently in life. I'd be a better

01:00:16 husband. I'd be a better father. I'd be a better pastor. So I'm super encouraged by that. Gabriel,

01:00:22 thanks for taking the time to encourage us. I'm glad that you're listening and share our podcast

01:00:27 with your friends. In fact, let me say real quick, if you're watching on YouTube, subscribe and click

01:00:32 the bell. And if you're watching on X, do us a favor and like the video, but also share it. Share

01:00:37 the video, just retweet it to get it out there. Wes, you want to read the next one? All right.

01:00:43 Hal 9K sent $10.

01:00:45 Thanks so much, Hal.

01:00:46 He said this, the Sermon on Blaspheming the Holy Spirit.

01:00:49 This would have been about four weeks ago.

01:00:51 Yeah, about a month ago.

01:00:52 The Sermon on Blaspheming the Holy Spirit changed my life.

01:00:54 It was exactly what I needed, exactly when I needed it.

01:00:57 Not to pray outside of my closet, but I'm back in church because of it.

01:01:00 God bless you.

01:01:01 Wow.

01:01:02 That's awesome.

01:01:02 Praise God.

01:01:04 Back in church because of it.

01:01:05 A lot of people are back in church because of Charlie Kirk.

01:01:08 God bless his soul.

01:01:10 But that would have been before the shooting.

01:01:12 a few weeks before. And so praise God that he's using the preaching of his word in our local

01:01:18 church, that people online are able to see that and get back in church because of it. So thank

01:01:23 you, Hal9k. That's super encouraging. Praise God for that. For those of you who are curious with,

01:01:29 you know, you see the podcast, but maybe you're not as familiar with, you know, our local church

01:01:33 and the preaching ministry there. Right now, we are preaching through the gospel according to

01:01:37 Matthew. And we're at the latter end of Matthew chapter 12. So we're not even quite halfway

01:01:43 through the book. It's massive and 28 chapters. And so we're about close to halfway through the

01:01:50 gospel of Matthew. And we've been there. I feel like, correct me if I'm wrong, Wes, but I think

01:01:53 we've been in Matthew thus far for about a year now. I think so. And I would say we probably have

01:01:58 about a year and a half left to go. So this is going to be like a two and a half year series.

01:02:01 Hopefully an Advent series pause, maybe.

01:02:03 Well, yeah, we can maybe do that and go back to Matthew at the beginning.

01:02:09 You've had one Matthew. How about Matthew again?

01:02:11 Yeah, we've had one Matthew, but have we had second Matthew?

01:02:14 So, yeah, so it's been really, really great.

01:02:16 And for those of you who want to follow along, we encourage you to do so.

01:02:19 You can check out the church, and the sermons are on YouTube,

01:02:23 but you can also check them out on the church website.

01:02:25 You can go to covenantbible.org, covenantbible.org, Covenant Bible Church.

01:02:30 That domain, unfortunately, was already taken, so take church out of it, covenantbible.org,

01:02:35 and you can watch the sermons.

01:02:37 And if you're looking for a church, we're in Central Texas, about 45 minutes north of

01:02:40 Austin, so we are close enough to where there's some economic opportunity, but far enough

01:02:45 away to where the police in our county hopefully don't get defunded, so that's a blessing.

01:02:50 But if you're looking for a church, we're in Georgetown, Georgetown, Texas, and we would

01:02:53 love to have you again to watch the sermons or to find directions.

01:02:57 It's covenantbible.org.

01:02:59 so i'm going to give the final word now uh that's all of our super question actually that we had

01:03:03 go ahead and i think it'll help a lot of people connect bill we had someone ask in the comments

01:03:07 if they invest with genesis gold are they getting the physical gold you referenced earlier paper

01:03:11 gold could you kind of parse out you got paper gold you got physical gold what do people kind

01:03:15 of get yeah absolutely and you know it's so funny i just had a a person i was working with here not

01:03:22 too long ago so this is very relevant and they initially they said you know what i want to do

01:03:27 gold and silver. And they had already actually done it all by themselves through their financial

01:03:31 advisor. And just kind of, I guess, the Holy Spirit tapped on them a little bit. And they

01:03:35 said, yeah, I'm just going to call anyways. And so they did. And lo and behold, they were

01:03:39 completely unaware that they had ETF, gold ETFs, which, you know, you don't actually have physical

01:03:45 gold and silver. You have something that will, you know, somewhat, you know, there's some

01:03:49 technicals to go over that it doesn't exactly. I mean, in 2008, when gold was ripping, people

01:03:55 were looking at their statements if they were in GLD or SLV, the gold ETFs or silver ETFs.

01:04:00 And they're saying, why is it gold's way up and I'm not really up? So there is some technicals

01:04:07 there that probably take more time to go into. But fundamentally, Genesis Gold Group only works

01:04:12 with the physical gold and silver. There's ways to do that through an IRA 401k. And we can absolutely

01:04:18 help with that. But a lot of people will mistakenly think they have gold when they're working through

01:04:23 fidelity or schwab or whatnot and come to find out when push comes to shove they don't so always

01:04:28 reach out and clarify i'm happy to answer those questions so genesis gold just to reiterate they

01:04:33 actually are working with physical gold physical assets and not just an etf that may or may not

01:04:37 follow uh increases and and then secondly you said it real quick uh but but just to confirm

01:04:43 um guys you're like well i don't have a bunch of cash on hand so therefore you know i guess i i

01:04:48 can't invest um is it true that guys with a 401k or ira that they that it's perfectly legal and

01:04:56 with without taking you know massive penalties that they can actually work with genesis gold

01:05:01 and transfer some of their retirement over to physical assets with you guys that is absolutely

01:05:07 true that is absolutely true that's huge so if people are looking at their their you know they're

01:05:11 looking at their 401k their ira and they're saying you know i just wish i had more options i wish i

01:05:16 didn't have to be just tethered to the market. I think maybe we're a little high. I'd like to

01:05:21 spread things around a bit. Certainly, we can help with that transition. That's what we do

01:05:25 every single day. So you can move penalty-free, no penalties, tax-free, those funds from stocks,

01:05:32 bonds, mutual funds into physical gold and silver. And that's what we would assist with and go over.

01:05:38 As Trump would say, huge. That's huge. All right. That's it. Wes or Bill,

01:05:44 any final word from you guys? Nope. I'll hand it over. All right, great. So it's Wednesday. Bill,

01:05:50 thanks for coming on the show. You did a great job. This was super helpful for me. I truly believe

01:05:54 by the grace of God, it's been helpful for the listener. We want Christians to be wise and good

01:05:59 stewards. And Lord willing, for those of you who are new to our ministry, it's Monday, Wednesday,

01:06:05 Friday, three times a week, we live stream. Monday, Wednesday, Friday at 3 p.m. Central Time.

01:06:10 Monday, Wednesday, Friday, 3 p.m. Central Time. So today is Wednesday and we are going ahead and

01:06:15 signing off. But Lord willing, we will see you again on Friday at 3 p.m. Central Time. God bless.

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The NXR Podcast - September 24, 2025

THE LIVESTREAM - Job Numbers Plummet ｜ Is The Market About to Crash？

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