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

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00:00:16.280 You and I both know that this ministry is willing to talk about things that most ministries

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00:00:30.000 markets are officially at an all-time high right we had a scare earlier in the year in the month

00:00:37.400 of april we dipped crazy it was quite the correction and it happened very quickly

00:00:43.740 suddenly and this was due to trump's tariffs it scared the market people were thinking wait a

00:00:49.060 second we need cheap money and we need globalism in order to continue to trim you know pennies off

00:00:54.560 of every single dollar and have cheap labor and be able to set up our American companies in India

00:01:00.820 and all around the world. And Trump's going to mess that up because he's going to do something

00:01:04.380 positive for America. And something positive for America is negative for, you know, the global

00:01:09.960 homo economic market. And so we had this big scare. We had a lot of sell-off and all those 1.00

00:01:15.060 kinds of things. And ultimately what has happened is on the one hand, and I'm not super excited

00:01:19.860 about this. But on the one hand, it's undeniable. The tariffs have turned out to be milder than they

00:01:25.180 were originally proposed to be. In typical fashion, Trump tends to have a louder bark than he does

00:01:32.200 bite, right? So the bark was bigger than his bite. And that's pretty much Trump on most things. I

00:01:38.000 appreciate Trump, but that tends to be his M.O. And that's been his M.O. with tariffs and the

00:01:43.540 economy. And so on that news of tariffs not being quite as extreme as what they were originally

00:01:50.120 proposed to be, the market began to ease, began to recover. And then we had the Fed come out and

00:01:55.620 say, you know what? We're going to make cheap money again. We're going to have rates that are

00:02:00.540 slashed because inflation is not our biggest concern. Although the reality is there are still

00:02:05.300 some concerns with inflation, but inflation is not our biggest concern. The concern now is that,

00:02:09.940 well, half of America is going to be jobless due to AI and due to this and H-1B visas and blah,

00:02:16.540 blah, blah, blah. So of course, Wall Street hears that and they're like, yes, cheap labor,

00:02:22.540 AI, artificial intelligence, we're going all in. But what this means for the individual American

00:02:27.340 is that markets might scream higher, but you could be jobless. And that's a really big deal.

00:02:35.420 That said, also markets could come to a screeching halt. We have some important data coming out even

00:02:41.280 this Friday that could give markets a big scare. So yes, the Fed has signaled that we're going to

00:02:46.920 have three total rate cuts at the end of 2025. We've had one so far in September. Maybe we get

00:02:52.660 October and December, or maybe we get October and November. We'll see. But three rate cuts,

00:02:57.880 25 basis points is what the market is actually pricing in. Maybe we get a surprise half of a

00:03:04.180 percentage point, 50 basis cut. But ultimately, you're looking at less than a full percentage

00:03:08.440 point, 75 in total. And you're looking at unemployment ticking up. And that's what we're

00:03:13.440 going to talk about today. And the reality is that even with cheap money, if we go into a recession,

00:03:19.740 everything's going to hurt. And the market will eventually respond to that, no matter how cheap

00:03:24.260 the money is, no matter how much globalism there is, how mild the tariffs are. If the average

00:03:29.880 American can't afford to live. We're already there. But if it becomes exponentially worse,

00:03:35.360 because all of a sudden, you know, five and then six and then 10%, maybe even higher of Americans

00:03:41.960 are unemployed, then markets will absolutely crash. Now we are not going, we want to be

00:03:48.720 financially responsible. We're not telling you to buy, sell or hold. We're not giving financial

00:03:52.860 advice and not telling you what to do. And we're also not predicting, you know, with certainty

00:03:58.460 that the market will crash, but we're saying that it's possible, and we want to talk about 0.99

00:04:02.920 Christians. How can we be bulletproof? How can we be invulnerable in times like this? We want to 1.00

00:04:10.680 not only scrape by, not only survive, but we want to build generational wealth. Why? Because we want

00:04:16.980 to be comfortable, and we want to be arrogant. No, it's not about that. We want to be rich.

00:04:23.040 Being rich is not a sin.

00:04:24.760 It's greed, right?

00:04:26.220 The love of money that is the root of all kinds of evil.

00:04:28.800 We want to be rich.

00:04:29.760 Why?

00:04:30.220 For the good of God's people and for his glory.

00:04:33.340 For the good of God's people and for his glory.

00:04:35.940 We want to be good stewards of whatever God has given us

00:04:39.440 because the Proverbs say that a wise man, a good man,

00:04:42.420 leaves an inheritance not just for his children,

00:04:44.640 but his children's children.

00:04:46.060 And one way to be good stewards is to responsibly hedge,

00:04:51.380 to hedge against disaster, to hedge against market crashes, to hedge against this, to hedge against

00:04:56.660 that, to cast your bread. I think of the Proverbs elsewhere, they say seven times upon the water,

00:05:02.440 meaning what? Don't put all your eggs in one basket, right? Diversify, have many different

00:05:07.740 investments, be wise, because things that seem as though they could never stop. Well, the reality

00:05:13.840 is that human history has taught us again and again that things that appeared to be invincible

00:05:19.080 actually had an Achilles heel, and in the province of God, in his timing, titans fell, right? Empires

00:05:26.440 crumbled. This has happened time and time and time again. So to discuss the market and what you could

00:05:33.140 consider doing and what we see as a possibility of what might be happening, not just in the long,

00:05:39.540 long term, right? The market always goes up and always goes down, but even in the near term,

00:05:44.240 the potential of the market coming down, or at least correcting, if not a crash,

00:05:48.660 to talk about these things, what you should do, what we see as a possibility, what might happen

00:05:53.180 in the near future. We are inviting back on the show a special guest, Bill Armour. He's going to

00:05:58.180 be joining us for our two segments in the show, and we will dive right in after this introduction.

00:06:15.240 We're so back, and economically speaking, it might be so over. We'll see. We will see.

00:06:21.040 We are joined right here at the top of the hour with Bill Armour. As I just said, he is one of

00:06:25.740 the representatives of Genesis Gold, but he has a degree in biblical studies. He is a firm, sound

00:06:31.500 Christian man, brother in Christ. He's got, I think, some good insights when it comes to Christians

00:06:36.740 investing in markets as a whole. And so we're going to be talking about the market of what's

00:06:41.040 going on right now with the economy at large and unemployment, all those kinds of things.

00:06:45.140 And then in the second segment, after our first commercial break, we'll talk about

00:06:48.920 potentially wise hedges that Christians can invest in to protect against tumult and turmoil

00:06:57.420 and volatility in the market, which we've already had. But it seems like there could be some more

00:07:02.420 on the horizon. And if you've been following us for a while, you might recognize that Bill was

00:07:08.100 with us last month. And so this is something that's kind of a work in progress, but what we

00:07:12.920 are, what we're planning tentatively as of now is having Bill join us once a month, right? So we're

00:07:20.220 not saying every single live stream or something like that. There's a lot of things to talk about.

00:07:23.700 The economy is just one of them. It matters, but there's a lot of things that matter. But what

00:07:28.180 we're talking about is with three live streams every single week, that's 12 in a month, devoting

00:07:33.020 just one of those, once a month, to have Bill come on the show and to talk economy, to talk

00:07:38.220 Christian investing, to talk markets, because it matters. We want, first and foremost, for the

00:07:44.620 people who listen to us to be sound Christian men in the faith who are virtuous. But if we can help

00:07:50.080 it, we'd like you not to be beautiful losers. We'd like for you not to be sound Christian men 1.00

00:07:55.280 who are virtuous and poor, if we can help it. And so we do want to discuss God's economy and 1.00

00:08:01.400 our economy and what we can do to be wise. So Bill, welcome to the show. If there's anything

00:08:07.140 you want to say to introduce yourself, go for it. Yeah, thanks so much. So glad to be here.

00:08:13.380 It's such a pleasure chatting with you guys. And I enjoyed our previous conversation so much. So

00:08:17.560 it is great. You guys do phenomenal work. A little bit about myself, just a quick background. And I

00:08:22.940 know you alluded to this. I did eight years in the Army. Military intelligence was my specialty there.

00:08:28.700 So I've got some insight on that side of things that does paint my worldview.

00:08:33.360 And then beyond that, I went on to attend Azusa Pacific University, a Christian school in

00:08:38.100 Southern California, where I studied the Bible, obviously, and Christian ministry, and got

00:08:43.000 into precious metals, largely as a response to what I was seeing in the world come 2018,

00:08:47.960 2019, 2020.

00:08:49.140 So an understanding that finance and the way that the world is changing is such an invaluable

00:08:54.980 part of the way that we live our lives.

00:08:57.540 I think that people tend to forget that money is not just this ethereal thing.

00:09:01.800 It is really a representation of your time, of all of the energy and effort that you've

00:09:06.500 expended.

00:09:07.080 And you get a dollar, put it on your card, something, but there's a way that represents

00:09:11.940 your energy.

00:09:12.920 And so really, in a sense, when we talk about finances, we're talking about how or where

00:09:17.600 are we putting our time, talents, and energy.

00:09:19.560 And obviously, we want that to, A, be blessed and be fruitful, but also to follow what the

00:09:24.880 Lord's put in front of us and be able to and available to support ministries, et cetera,

00:09:30.280 be charitable. And all of that comes from being diligent with our finances. So a little about me.

00:09:35.800 Great. So let's go ahead with this first segment and start it off with you, Wes. You have some

00:09:40.700 numbers and some graphs that you want to show. I think it'd be great to just get some of the data

00:09:44.840 out there and then let Bill begin to respond. Sure. Bill, I'm going to go ahead and lead with,

00:09:50.340 I think really what's been the biggest story in the market this month. And that is the story

00:09:54.720 of the revision to the jobs, the Bureau of Labor and Statistics, BLS, they came out and

00:09:59.980 they said, hey, so between April 2024, so this would have still been during the Biden's

00:10:04.260 administration the last eight months or so, really about till about nine months, from

00:10:08.740 those last eight months of 2024 all the way to April 2025, we actually added about a million

00:10:15.500 less jobs than we initially thought we did.

00:10:18.260 So they went ahead and revised the numbers down 911,000.

00:10:22.440 This was the biggest revision on record.

00:10:24.460 And so what this happens is the Bureau of Labor and Statistics, they'll estimate for

00:10:28.520 given months, we think we added this many jobs or we lost this many jobs.

00:10:32.060 And those are key vital markers of the health of your economy.

00:10:34.900 If you're adding jobs, people are working, they're generating actual revenue, well, then

00:10:39.460 you have, for the most part, a healthy economy.

00:10:42.100 But if you have an economy where people aren't employed, people aren't working, they're

00:10:45.340 staying unemployed longer, we'll get to that in a minute, then all of a sudden you're saying,

00:10:49.540 whoa, something's wrong here.

00:10:50.740 Companies aren't growing.

00:10:51.860 Companies aren't hiring people.

00:10:53.500 People can't find jobs.

00:10:54.680 People can't provide.

00:10:55.800 People that can't provide, they're not going out and spending money.

00:10:58.020 They're not getting updates to their home.

00:11:00.220 They're not buying new properties.

00:11:01.420 They're not investing.

00:11:02.540 Your economy slows down if people are not working, if people aren't in jobs.

00:11:06.140 In this month, just earlier, September 9th, the Bureau of Labor Statistics had to come

00:11:10.720 out and say, yeah, actually, there was a million less jobs added.

00:11:13.740 I'm going to actually turn it over to Bill, and I've got some more statistics here specifically

00:11:17.720 on unemployment, on long-term unemployment.

00:11:20.520 but this would be if you could describe it potentially a canary in the coal mine even

00:11:25.120 though like you said the market is up we're actually looking around practically i know people

00:11:29.280 they've been out of work for months there's kind of a saying going around in tech hold on to your

00:11:33.560 job if you have it because if you lose it you'll be looking at a year to replace it so practically

00:11:39.240 the market can be up practically everything can look good but then you actually have departments

00:11:43.380 coming in saying actually we added less jobs actually this is another one uh long-term

00:11:49.600 unemployment is going up. You'll see here on the graph, this is from 2022 to May of this year,

00:11:55.040 2025. We're at the highest level in three years, individuals remaining unemployed for 27 weeks

00:12:01.800 or more. And so these seem to be kind of the early warning signs. Hang on, the economy is not

00:12:07.620 actually as healthy as the stock market seems to look. Bill, what do you think about that?

00:12:13.160 Yeah, absolutely. I think that the first thing I would tell everyone and just remind everyone

00:12:18.820 is that the stock market is not, we tend to think of it as that is indicative of the health of the

00:12:24.260 market. But in reality, what you really want out of an economy is people to be able to live what

00:12:30.180 we would probably call the American dream, right? They should be able to go to work, they should

00:12:33.400 provide for a family, they should be able to buy a home, these fundamental pieces of what it means

00:12:38.220 to be American. And those are not reflected necessarily in the price of Apple, right?

00:12:43.580 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.

00:12:52.520 I mean, things were still shut down. We're still in the middle of, you know, the whole shebang there.

00:12:57.300 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.

00:13:07.620 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.

00:13:16.100 And obviously, that's why we're talking about rate cuts. That's why that's on the horizon.

00:13:19.460 But it is interesting. And Trump has been a very loud critic of of Jerome Powell about he calls him too late.

00:13:27.760 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.

00:13:36.940 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.

00:14:01.740 So we run into the term, maybe you've heard it, maybe you haven't, of stagflation.

00:14:07.040 And that's where you've got sticky inflation.

00:14:09.380 But similarly, at the same time, you've also got a job market that's not really growing.

00:14:14.200 So that lever that the Fed is normally pulling of either lowering or raising interest rates,

00:14:20.080 they're really hamstrung that they don't want to put it one way or the other because both

00:14:24.340 are negative circumstances.

00:14:25.880 And that's where we're starting to find ourselves now with these massive revisions backwards.

00:14:29.940 I've been a proponent for a long time that the job numbers have not been representative of what's

00:14:35.040 really been going on. Every time I feel like I'm Nostradamus in this, that it turns out that,

00:14:41.140 oh, yeah, look, a million jobs. But you could just look at some of the other indicators here to say

00:14:46.180 that this doesn't look like a healthy economy. And now we find ourselves finding being proven

00:14:50.520 right. So absolutely, this is indicative that something is coming. Companies are tightening.

00:14:55.580 and maybe you see as far as the market is concerned that that catches up it does often

00:15:00.400 play catch up to these kinds of things you've got companies that are expected to grow at multiples

00:15:05.280 of two three x year over year for 10 20 30 years and that's priced in and then all of a sudden

00:15:10.000 money is not as cheap to borrow and so those prices have to be revised those expectations

00:15:14.400 have to be revised downwards and that's where you would see obviously the stock prices of those come

00:15:19.280 down and market turnoff. I remember I worked in biotech. It was around 2021, 2022. And speaking

00:15:27.440 of cheap money, well, the rates were so low that companies say they wanted to expand. They wanted

00:15:31.480 to add another plant. They wanted to add another division. They wanted to spend on big products.

00:15:35.660 They wanted to acquire a drug. Well, it was very, very cheap to do so. They could borrow money at

00:15:40.440 pennies on the dollar. And practically speaking, hey, we threw up this plant. Hey, we added these 0.70

00:15:44.580 people. We're able to do all the plans that we want to do. I just remember hiring being so

00:15:49.040 big your departments were full of people and it was as those rates came up this is what practically

00:15:54.060 it affects all of a sudden companies smaller mid-size especially the large ones oh i want to

00:15:59.820 add a plant well this is the millions of dollars it's going to cost me an interest i want to keep

00:16:04.720 all these employees well practically speaking this is money that could go to that type of expansion

00:16:09.520 so practically speaking all of a sudden oh there's a lot less money going around to pay these people

00:16:14.640 to build these facilities, to add this product,

00:16:18.400 and personnel is often salaries.

00:16:20.760 That's a big expense that is very quick to get cut

00:16:24.120 when you'd rather do something that you think can make more money.

00:16:26.000 Right. American PAC leader just commented in the chat.

00:16:29.260 He said, I'm in tech, and it's worse than it was in 2008.

00:16:33.240 It's important for people to realize,

00:16:34.800 so part of the problem is globalism. 0.94

00:16:36.780 It's Americans being replaced by Indians and H-1B visas

00:16:40.960 and those kinds of things.

00:16:42.560 And yes, we saw from the Trump administration

00:16:44.500 you know a little bit of positive news that they were going to actually charge companies a hundred

00:16:49.380 thousand dollars but initially it seemed like you know it's it's another it's another trump uh

00:16:54.740 classic trump mo right so it's a bark and then uh the bite is ends up being a tickle you know so

00:17:01.480 it's like it was going to be you know what we were told is a hundred thousand dollars annually for

00:17:05.380 each h1b uh visa and then it became a hundred thousand dollars total and not for any of the

00:17:11.340 ones, you know, that are already here, but half of India currently lives in America, you know,

00:17:15.760 so only for, you know, the next 50 million, you know, that we're going to import. And even then

00:17:21.700 it's a one-time cost. And so, yeah, so one, you're being replaced by foreigners. Americans are 1.00

00:17:28.640 absolutely being replaced by foreigners and being replaced at every level in terms of being able to 1.00

00:17:33.820 afford a home, buy a home, but also in terms of jobs. But in addition to that, there is something 0.66

00:17:39.380 to be said for AI. I think the verdict's still out. There's a lot of question marks. That's true.

00:17:47.620 But I'm not saying this is a fact. I'm just saying that there are some economists out there,

00:17:52.460 and not just a few quacks, but some people with legitimacy and credibility who are projecting 0.95

00:17:58.040 that eventually, not tomorrow, but eventually, and not 100 years from now either, but in the next,

00:18:03.660 you know, anywhere from five, 10, 20 years, 20 being max, uh, that, that upwards of anywhere

00:18:09.860 from, you know, 30 to even 50% of Americans would be replaced, um, with their jobs. And,

00:18:16.320 and here's the thing. I, I understand, you know, I'm post-millennial. I have an optimistic,

00:18:20.120 you know, outlook on the future. And there's a lot of guys who'll say, no, that'll never happen.

00:18:24.020 You know, the cotton gin, they thought that was going to replace people, but really it just

00:18:27.660 created more jobs. Okay. Here's the deal. Um, artificial intelligence is a tool. I'm aware.

00:18:32.260 I am aware. And no, I don't think sentience is possible. I don't think that God would allow

00:18:39.040 within the fabric, the rules of the world that he created for us to achieve, to make life,

00:18:46.720 to make human beings, essentially. So all AI is, is a very, very, very powerful tool.

00:18:53.460 That's all it is. But it's going to get exponentially more and more powerful. It's

00:18:57.200 never going to truly think. It's never going to have a soul. It's never going to attain sentience.

00:19:02.360 We're not going to be able to upload our conscience to the cloud and create a digital eternal life and

00:19:06.900 those kinds of things. We've talked about that before on the show, and that continues to be

00:19:10.960 our position. However, even within narrow AI, it is still possible that it gets so smart and so

00:19:17.680 fast and so effective that you actually can replace a lot of human workers. And when it

00:19:24.440 comes to the cotton gin or the steam engine or you know these kinds of things in the past

00:19:28.240 it's like well yeah you know but but you'll never replace people okay well here's the deal and i've

00:19:33.260 said this before i'm going to say it again um in the case of ai um you you're not just talking

00:19:38.480 about digital ai but you're talking about robots right you're talking about optimus you're talking

00:19:43.360 you know there's not just tesla there's multiple different companies serve you know all these

00:19:47.260 companies that are working on physical robots and some of these robots um are they're not just like

00:19:52.200 the cotton gin. It's not just a tool like a hammer or a screwdriver. It's like, yes, it is a tool.

00:19:58.000 But what do you think happens if a tool gets invented that is shaped exactly like and has

00:20:06.520 the same mobility and function, physical function of a human being, right? So it's like you make

00:20:12.520 more tools and it's like, well, then people can use those tools and we can just produce even more.

00:20:19.260 okay but what do you do if if you get to a point where half of your country is simply not qualified

00:20:27.040 to work anymore um and and it's never going to be think about all the lawfare right so there'll be

00:20:33.180 people who you know they'll be fighting for you know labor unions and things like this and

00:20:37.040 but the corporations they're not going to say well pennies on the dollar you know uh bottom line must

00:20:42.120 go up gdp um that won't be the argument they will hire the best lawyers and they will make human

00:20:47.140 moral arguments. They'll say, hey, well, can we really afford the margin of error and the casualties

00:20:52.340 that occur from human truck drivers? This many people die in America every single year because

00:20:57.680 of car accidents. And, you know, it's not that we're just trying to make a buck, but having

00:21:02.460 automated, you know, trucks driving with artificial intelligence, here's the metrics, here's the

00:21:07.340 stats, here's the numbers, we'll save 30,000 lives in terms of car accidents per year. Really, you

00:21:13.180 know, we can't afford to have human drivers, not because of their paycheck, but because human life

00:21:17.860 is just so precious. And then what happens is you save 30,000 lives in terms of car accidents, but

00:21:23.080 you have 30 million people who don't have a job. I think that that's possible. So my point is,

00:21:28.720 yes, on one hand, Americans are being replaced by foreigners. So there's the globalism H1B problem, 0.91

00:21:33.820 but there also is the AI problem. And I'm not completely against AI. I'm also certainly not

00:21:39.740 for it. I have, you know, hopes and dreams, and I have also massive concerns. But the point is this,

00:21:45.500 there is a multifaceted, multiple front war right now when it comes to heritage Americans having

00:21:54.440 a vocation. And if you think that that's just, you know, that's just fluff, that's just 0.97

00:21:59.780 scare tactics, fear mongering, that there's no substance to that, then I think you're being

00:22:04.960 naive. What do you guys think? Yeah, I would echo that sentiment. I think that it's,

00:22:11.700 you know, one way I tend to think about AI in particular is that if AI at its worst here,

00:22:18.240 let's say it gets to the point where it's able to do, you know, the mundane task of, you know,

00:22:23.340 some researcher at a college doing some sort of, you know, general research, but the worst one

00:22:29.060 there at the worst college. But because they're, you know, automatic, they can do a thousand years

00:22:34.800 of that, you know, in a few days. So the production, right, it is exponential when we

00:22:40.660 talk about this. So people do talk about it. I'm not saying it's coming tomorrow, but I do think

00:22:45.320 that when it does come, it will surprise people at how quickly it does come. Because again, that

00:22:50.260 exponential growth in AI will be dramatic. And I also think on the flip side now, some of that is

00:22:56.560 hopeful. You know, that's why you see these multiples on any of these AI companies being

00:23:01.500 so dramatic is because they are hopeful that it'll come soon and later. I don't think we're

00:23:05.020 necessarily right, right on the doorstep of that. I think the more pressing concerns are things like

00:23:10.700 the H1B1 visas and things like that. But at the end of the day, this does happen. Is that in a

00:23:16.200 year? Is it in five years, 10 years? Who's to say no one has a crystal ball? But I really agree with

00:23:22.800 the sentiment there that if you don't think it can happen or will happen, then I think that's

00:23:27.800 naive now we can argue we can you know about when when that does occur but to understand that a lot

00:23:33.680 of this is and i think that from the top down you're right it will become a if they'll argue

00:23:40.080 in a way that doesn't seem like it's just at its bottom dollar but they will get there and the

00:23:44.040 lobbying in this country is so powerful i don't think that you know general trade unions and

00:23:48.560 whatnot are going to stand up to the tremendous wealth that can be created by replacing people so

00:23:53.700 So if they can move, I mean, that really is the end goal, right?

00:23:56.780 They put people into multifamily housing, control rent you never own.

00:24:01.040 These are all pieces of the puzzle here.

00:24:03.980 Take away skills that you may have had so that you're forced to fall into line, get

00:24:08.860 paid whatever they think you're worth because you don't really have any traction or say

00:24:12.460 so because the job that you used to do has been automated in some way or form.

00:24:16.960 So I think it's a scary concept, but it's one that we have to be honest about and have

00:24:23.200 these conversations so that people aren't thrown for a ride when it does come. Yeah. So basically,

00:24:30.080 I'll put my cards on the table and make a prediction. Again, this is not financial advice.

00:24:34.920 I'm not telling you what to do. I'm fallible. I don't have a crystal ball. I could be absolutely

00:24:38.460 wrong. But what I see is this. I don't think that we're at the point, you know, like the dot-com

00:24:45.480 bubble where every single company, you know, we have a website, we have a website, we have a

00:24:50.480 website um you know i there there is some overlap some similarity with that where every single

00:24:57.360 company is like we use ai it's like okay yeah well my wife uses ai you know like um you know

00:25:03.220 everybody i've been using ai for you know over a decade every single time i use you know google

00:25:09.340 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

00:25:14.880 what it was. So I do think there's some overlap when you think of the dot-com bubble and the AI

00:25:21.120 bubble. That said, there's a lot of guys saying the bubble's going to burst tomorrow. I don't

00:25:25.980 think we're there. I think it's going to be a little while. However, at minimum, though,

00:25:30.680 my personal prediction, again, not financial advice, is that we have been screaming in the

00:25:37.800 markets. So September is historically, you look at the last 100 years in the stock market,

00:25:43.500 Historically, September is the worst month of the year, and it has been arguably one of the best

00:25:50.660 months, if not the best month of 2025. September was just, you know, roaring. And a big part of

00:25:57.180 that is because the market was pricing in, and correctly, that we were going to get rate cuts.

00:26:03.620 And so, you know, the market likes cheap money, and so we got that. But to think that we would

00:26:08.600 somehow skip um your typical pullback and cooling off that happens in september or even you know a

00:26:15.600 correction you know five percent six percent to think that we would just skip that entirely and

00:26:19.780 that that wouldn't happen this year at all and that it would just be the tariff scare back in

00:26:23.720 april and just you know up up up up up with no dips along the way till the end of the year i

00:26:28.760 think is a bit naive so i'm not necessarily saying there's going to be a crash this year i don't um

00:26:34.620 I don't predict that, but I do think that we'll probably have an end of the year rally like we

00:26:39.100 did in 2020 and 2021 and 2024. Um, but sometime before, um, you know, between now and this kind

00:26:47.140 of end of the year rally, that could be November, it could just be December. Um, I do think that

00:26:51.740 you're going to have somewhat of a correction. It may not be in the technical sense, 5% full

00:26:56.640 correction. Uh, but I do think that markets will, will likely ease and, um, and I would not be

00:27:02.380 surprised if that happens soon and in terms of a full-blown crash you know who knows nobody knows

00:27:08.580 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

00:27:14.620 you know mondo companies are are have cheap labor and have all this ai working for them and are

00:27:20.900 doing this and doing that and and producing robots and producing all these different things of immense

00:27:26.480 value if americans the people um are unemployed um then there will be there will be a significant

00:27:35.840 economic turmoil and um and i do think that there are like you said a canary in the coal mine

00:27:41.780 i think there are the beginning signs of that and christians should be prepared so let's go to our

00:27:47.500 first commercial break and then we're going to come back and and we'll give a little bit more

00:27:50.880 data. Wes has some more data, but we'll also talk about in light of a potential economic downturn,

00:27:58.300 whether that's next week or whether that's next year or whether that's a couple years from now,

00:28:03.200 in light of potential economic downturn, how can Christians be good stewards and wisely hedge

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00:32:21.880 m as in ministries dot com i'm not gonna lie the music to that last commercial pumps me up

00:32:31.140 it reminds it reminds me of like my 12 year old self playing sonic the hedgehog

00:32:36.020 um all right we're back uh let's go over a little bit more data west has a couple more charts we

00:32:42.660 love a good chart chart saves lives it saved donald trump so let's let's look at a couple

00:32:46.320 more charts respond to that and then let's talk about christian investment strategies to hedge

00:32:51.720 against economic downturn uh so i'll give it to bill just after one piece of data here here's

00:32:57.460 everything we're saying hey is the market about to crash what are we looking at as far as job goes

00:33:02.100 and i can't think of anything that practically impacts husbands and fathers more but as far as

00:33:05.900 jobs and unemployment october 3rd the job numbers for september are going to come out you look at

00:33:10.840 this chart that's on the screen i'll describe it if you're listening you'll see towards the end of

00:33:14.580 the year kind of from august afterwards on a growth in jobs added this reflecting of the holiday

00:33:19.280 season, increased spending. And so for 2023 and 2024, September has been a big month. August has

00:33:26.160 been bigger as well, typically, than this August has been. But you're going to see if things are

00:33:31.240 doing okay, hopefully a big jump. You're going to see going into September, then October and

00:33:36.860 November, hopefully see that same increase close to 300,000 jobs being added. However, if on October

00:33:43.620 3rd, job numbers come out and we continue the trend, we had negative job add. This was back in

00:33:48.680 May. Negative job ad in May. Very low for August or June, actually. July. If you're looking at

00:33:55.120 August, very low ad. If that trend continues, we're in trouble. And so kind of pin in your

00:33:59.820 calendar. Job numbers will come out again for September on October 3rd. That's your metric

00:34:04.440 to try to get a sense, hey, was this job thing we're trying to get out of the Biden administration?

00:34:09.640 They were fudging some numbers. Things are okay. Americans are getting jobs. Or are the numbers

00:34:15.220 not kind of lying we're seeing like oh snap uh practically speaking people are not employed

00:34:19.620 we're not growing and we've got economic pain ahead so oh snap so well said oh snap oh snap

00:34:26.260 so true king uh bill what do you think yeah so my my first uh just take their point would be that

00:34:32.840 anything that happens with the these these numbers that come out from vls we always need to keep in

00:34:38.440 mind that as results come in so as job numbers come in from places like adp they don't get them

00:34:44.700 immediately and it's why they're constantly revising them backwards forwards etc and there's

00:34:49.180 i'm sure there's some gamesmanship to that and you know that's a whole other conversation but

00:34:52.780 what i will say is that whatever number we get we can pretty much guarantee that's not the number

00:34:57.820 we end up with so whether that's high low it still leaves questions moving forward that's

00:35:03.100 the first piece i would say the second piece i would mention is that rate changes do not don't

00:35:10.780 don't have effects immediately necessarily some effect but largely the effects come over time

00:35:15.900 and so it's kind of like the the old saying there an object in motion tends to stay in motion uh and

00:35:21.340 what i mean by that is that when we cut rates the implication we would want to you know create job

00:35:26.940 growth etc but that's much harder to do if we've already stagnated than if we're already growing

00:35:31.980 or on the right track so if we have reached a point where job growth has stagnated which i think

00:35:37.580 looking at these numbers, we've been moving in that direction for the last year or so. We just

00:35:42.140 maybe haven't known that those numbers haven't been properly reported, but that we are at a

00:35:46.400 point now where that job growth, we're in stagflation. So to think that it could just

00:35:51.680 overnight, we could fix the problem by lowering rates is really not, doesn't coalesce with what

00:35:57.020 history would tell us about this. So even if we get great numbers and they pop right back up,

00:36:01.740 one, we might want to question those numbers, just based on people you know, what you see around,

00:36:06.700 One, because you may, in fact, those numbers may come back two months later and not be accurate.

00:36:12.040 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.

00:36:19.440 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.

00:36:31.600 stock market S&P is up about 13% or so on the year, which is, I mean, great. No one's crying

00:36:37.460 about a 13% gain, but that is built in with the assumption that inflation's coming down,

00:36:43.160 job growth was still high. If it turns out that jobs are shrinking, companies are shrinking,

00:36:48.740 and we've still got this sticky inflation, now we've got a different conversation about the

00:36:53.000 expectation of equities moving forward. Yeah, well said. What do you think, Wes?

00:36:59.000 yeah we can turn it over i think specifically to inflation because that's practically if jobs

00:37:03.300 are impacting how do i make money inflation is the question of uh what is actually being done

00:37:08.580 with that money and if you look at this graph um so inflation look at this photograph look at it

00:37:13.940 uh through trump's first admin we got to be honest one of the strong points was the economy

00:37:19.060 uh the unemployment numbers were good as far as inflation goes it's perfectly manageable

00:37:23.400 until fauci killed it until fauci killed it until until china the woo flu the chinese flu so then

00:37:29.620 you see here this is your whole graph of really i mean everything that the fed has been trying to

00:37:33.800 get their hands on for the last four years it's this runaway inflation even excluding food and

00:37:38.560 energy i mean at the peak you're talking six and a half percent inflation your money just literally

00:37:43.840 in the course of a year being eaten by losing value yep you got six percent demotion if you

00:37:49.420 got no raise. Well, I made $100,000. Congratulations in real terms, excluding food and energy,

00:37:54.820 if we include them even higher, you got a 10% pay cut. So the point is, even compared to before

00:38:01.900 this huge runaway from COVID, we're still at 3%. So practically speaking, how do I take money?

00:38:08.600 So I'm making it in cash. I'm making it in the US dollar. That dollar is losing 3% every year,

00:38:15.260 that money and and that's why christians you have to think like it's not just well i'm going to

00:38:20.260 store i have cash here and i could store it in this and i could store it in that or i could store

00:38:24.200 it here that money itself is quickly being eroded away and i would say even from the outset it's

00:38:29.460 actually an immoral system it's immoral that money that you have and you earned that had a certain

00:38:34.280 set dollar with a certain expectation of the labor that went into it that someone far away could go

00:38:38.820 let's print a couple billion more of these because scarcity is a huge aspect of value there is a

00:38:44.600 reason dirt is not sold it's everywhere scarcity is what drives at some level of course it's

00:38:50.260 divisibility it's interchangeability all of those other things but scarcity is a big one and so you

00:38:54.840 practically if you're storing your wealth in the u.s dollar uh three percent still not just like

00:39:00.140 well a couple years ago no it was even worse than still today and rates are coming down uh still

00:39:05.360 today three percent you're taking a pay cut every single year and practically what it is that your

00:39:11.360 money can buy. I think of it like this. So used to, when I was younger, I thought, all right,

00:39:17.240 I have money. What should I invest it in? And now the way I think about it is I have wealth

00:39:22.980 that God's given me, and what should I invest it in? And money, or more particularly, U.S. currency

00:39:29.460 is just one investment. So it's not, I have the U.S. dollar, this many dollars. What should I

00:39:37.060 invest my dollars in no i have wealth my the accumulation of my time and talents and treasure

00:39:43.360 my my my energy um and and what should i invest that in in the u.s dollar is is an investment in

00:39:50.420 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

00:39:57.060 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

00:40:04.260 you think of it like that, the US dollar currency money actually as an investment, then the next

00:40:09.820 question that that immediately raises is, is it a good investment? And the answer is absolutely not.

00:40:16.320 In fact, it's one of the only investments that historically always goes down. Always goes down.

00:40:23.940 It's a depreciating investment, always. So that doesn't mean you don't hold any cash because

00:40:30.660 emergencies happen, right? And there can be penalties for liquidating investments and those

00:40:35.520 kinds of things. So I'm not saying that you should be foolish. It's good to have some money on hand 0.97

00:40:40.640 for a kid breaks their leg and you got to go to the emergency room, you know, or whatever it may

00:40:45.580 be. So having some cash on hand, yes. But if you're a wealthy individual or just even an average

00:40:53.580 individual, to have 90% of your wealth in cash, knowing that in terms of inflation, it taking up,

00:41:01.680 imagine that you have cash and you've stored it, locked it away in a room. And there are literal

00:41:09.000 live moths in that room. And you can see through a glass window that every year you have $100 in

00:41:15.440 there and they're eating up six of those dollars. Would you think that's wise? Hey, I should put

00:41:21.180 another $100 in there? Of course not. So you have to think of it's not money, which investment,

00:41:27.020 it's wealth, which investment, and money is one of those investments, and it happens to be a bad

00:41:32.500 one. Happens to be a bad one. So keeping some money on hand for emergencies, but for the rest

00:41:38.780 of your wealth, and I would argue 50% or more of your wealth, depending how much money you have,

00:41:45.360 to be in something besides currency, besides the US dollar, to be in some kind of investment,

00:41:51.280 some stocks, some bonds, some precious metals, maybe some crypto. I do think, I got to admit,

00:41:57.540 I think that Bitcoin and Ethereum, all right? I'm not talking about Fartcoin 2000, you know,

00:42:02.340 whatever. But Bitcoin and Ethereum have been lagging in terms of the four-year cycle that

00:42:09.480 follows the halving and those kinds of things historically all the way back, you know, 2012.

00:42:13.100 12. They have been lagging, but Bitcoin, one of its fundamental support lines with this cycle

00:42:20.740 has been 112,000. And it looked like it was going to break and fall through, but it's held.

00:42:26.040 And I would not be surprised if between now and the end of the year, it's probably not going to

00:42:31.160 be tomorrow, probably be right there towards the end of the year, November, most likely if I had

00:42:35.340 to guess probably around Christmas time, I do think that Bitcoin will run. I recently, last

00:42:39.700 month when bill came on i think i projected you know 168k uh bill said around 170k and again

00:42:45.800 not not financial advice but just us having a little fun doing a little prediction i would

00:42:50.720 like to revise my prediction 200k i think it's gonna roar i think it's gonna roar and it's like

00:42:57.180 joel you came up with that on your own no i listened to uh tom lee from uh funstrat and

00:43:01.800 honestly i mean the dude is incurably bullish you know so sometimes it's hard to take what he says

00:43:06.920 you know seriously because two rps in the pod yeah i mean no matter what's happening he's like

00:43:11.700 it's going up you know but um but the way he says it he i say it's going up and he says

00:43:17.920 as an asian man who knows math it's going up and when he says it it carries more weight you know

00:43:23.120 so and he says it very eloquently and with lots of big words and so um i i do think that crypto

00:43:28.780 has some life in it uh with q4 if we don't have a big macro downturn in markets because crypto

00:43:36.340 still has not completely distinguished itself from the market. I mean, Bitcoin should be like

00:43:41.740 digital gold, which would be in many ways, not just an investment, but a hedge. But it has not

00:43:46.640 distinguished itself. It doesn't have the history that gold and silver and precious metals do. So

00:43:52.920 when the market downturns, gold will probably go down a little bit, but then a lot of people

00:43:57.280 move money over to gold. And so it can actually diverge from stocks and do well. Whereas Bitcoin

00:44:04.240 doesn't, it hasn't completely solidified that reputation as digital gold and a hedge. And so

00:44:10.100 Bitcoin is going to still follow the market in many ways, or at least maybe not follow it parallel,

00:44:15.680 but follow it behind. So we've had a market roar. And that's why I think Bitcoin that's kind of

00:44:19.840 been sitting there at that 110 to 120,000 range will follow what's happened in like August and

00:44:26.080 September with the market and Q4 probably roar barring any catastrophic circumstances. But my

00:44:33.140 point is, if we have a recession or something severe, Bitcoin is not going to distinguish

00:44:40.380 itself. And the market is crashing and Bitcoin is soaring. That's not going to happen. It's going

00:44:46.040 to follow suit. So I think crypto is a good investment. I think stocks within reason,

00:44:51.840 especially for long-term investments, is a good investment. Bonds at times can be a good

00:44:56.320 investment. Real estate, I think, is a good investment, especially there's no bad real

00:45:00.940 estate investment if you plan to stay a while. So I think those things are good. But I also think

00:45:06.040 with economic turmoil and with us kind of, you know, we talked about the fourth turning the

00:45:11.240 other day, with us kind of really historically entering into uncharted territory, I think that

00:45:17.560 another good investment is precious metals. And that is an expertise of Bill's. Bill, could you

00:45:24.300 talk to us about precious metals and gold? Sure, sure. Happy to. And actually, just a couple

00:45:29.960 numbers that came to mind as you were chatting. So you talk about kind of the bull run that the

00:45:34.740 stock market is on. Some historical context here. The Dow to gold ratio today is about

00:45:40.680 10 and a half to one. So the price of the Dow basically to one ounce of gold. In about 1980,

00:45:47.520 it fell below. So one ounce of gold is worth more than one to one. So to paint a picture of what it

00:45:52.420 looks like since about the 1980s, and there's reasons for that. Some of that is even just

00:45:58.160 the functionality of even something like the 401k system that has funneled investments into

00:46:04.360 people didn't have as many choices, right? The only options they had were stocks, bonds,

00:46:08.480 mutual funds, et cetera. So there was a forced sort of paper funnel that, you know, put people's

00:46:15.800 retirement savings into the market. And so you've seen this divergence between the price of gold and

00:46:21.560 the price of the market. Now, obviously, if that were to just split in half, let's say, you know,

00:46:26.580 half of the money, you know, people woke up and said, you know, we used to actually prefer one

00:46:30.280 ounce of gold over, you know, one share of the Dow, but now we're going to change that. We just,

00:46:34.140 you know, we're going to split that in half. So from 10 and a half to five, that's where you see

00:46:37.600 gold at about 7,000 to 8,000. And then obviously with Trump's, for people who don't know, Trump

00:46:42.400 has passed legislation allowing people to own. And still it's, we're talking about paper gold

00:46:46.440 and silver. So there's some, you know, ickiness in there and that's a whole nother conversation,

00:46:49.620 but nonetheless, it does still drive the price of physical metals a little bit, but he's laid

00:46:54.940 that to be mandated that that be accessible for people through 401ks, even as they're still

00:47:00.540 working, even as they're under 59 and a half. So that's a huge deal. Yeah, it's a huge deal. You

00:47:05.680 add trillions of dollars of potential investments. And a lot of people I talk to that are around my

00:47:10.940 age that can't access that money. So I'd love to have, you know, gold or silver or crypto, etc.

00:47:16.860 These alternative assets beyond just stocks and bonds, but I'm just not able to. My plan doesn't

00:47:21.660 allow that. And so changing that, I think you're going to see a dramatic shift in the price of

00:47:25.920 these alternative assets, if for no other reason than people have access to them and put a majority

00:47:31.420 of their savings. Most American savings is inside of a retirement account like that. So

00:47:35.920 the Dow to gold piece, I think, is important. That's real quick to summarize you, Bill,

00:47:42.140 just for the listener. It sounds like what you're saying is that, yes, gold has done really well

00:47:47.480 in 2025. So gold is soaring, but that's in the micro. If we pan out and we look at the last 30,

00:47:54.460 35 years, all the way back to 1980, what you were saying, comparing, you know, gold with the Dow,

00:47:59.020 it sounds like what you're saying is in the micro gold is soaring, but in the macro, the big picture

00:48:03.320 gold is lagging behind. In other words, there's some massive potential upside. It has a lot of

00:48:09.540 room that it could, that it could run without, you know, being without, you know, rainbows and

00:48:14.160 unicorns, you know, like in a, in a real realistic projection. Um, nobody has a crystal ball again,

00:48:19.980 not financial advice, uh, but gold, what is it right now? It's like about three,

00:48:24.840 a little 30,750, give or take 20 bucks, depending on, on the moment. Say it again. 3,000, what?

00:48:30.900 3,570. Okay. So 3,736. Okay. So 3,700. So let's say that. So gold is at 3,700. I remember last

00:48:40.120 year when we were talking uh you said that it's reasonable again not not not saying this will

00:48:44.420 happen but it is a reasonable prediction uh that gold could uh uh finish this year at 5 000 but

00:48:50.300 the reality is um that it could have a run it is it is possible it could be 5 000 uh but it could

00:48:56.960 have a run and even top that or in 2026 perhaps if we give it more time um that it could gold could

00:49:02.500 be uh 7 000 within the next few months to 18 months or something like that so we're talking

00:49:08.760 about not just a good investment in terms of God's economy. We talked about that last time

00:49:13.340 we gave some of the biblical theology of you have gold in the book of Genesis. You also have in the

00:49:17.200 book of Revelation. You weren't with us, Wes, but Bill was pointing things out, and then I was

00:49:21.460 having epiphanies based off of what he was saying. And I was thinking about even in God's economy,

00:49:25.620 the infinite one, right? He has no scarcity, no lack. But even for the infinite one, gold is even

00:49:32.100 in the eschaton. The streets are made with gold, which means even in eternity, when there is no

00:49:37.380 lack, gold still has a store of value, that God still sees gold as value. So that's really crazy

00:49:42.260 when you think of all the biblical references to gold, but not just that they're all in the book

00:49:47.100 of Isaiah, but it's throughout the whole Bible from the very beginning of creation and even in

00:49:52.320 the life to come. From Genesis to Revelation, in God's economy, gold is always viewed as valuable.

00:49:58.300 So in the macro long run, we know that precious metals are a good investment, but my point is to

00:50:02.680 say that even in the short run, we could see gold go on a tear. It's possible that you could have a

00:50:08.340 40, 50% increase by the end of this year. And it's possible that gold could 2x from here or close to

00:50:14.800 it from the next six to 18 months. Is that fair, Bill? Yeah, absolutely. And another thing I would

00:50:22.060 point out, just because we were talking about inflation, when I always go back to is, and

00:50:26.260 there's many different ways to measure money supply. M2 is maybe the most common. And just

00:50:30.940 for people who are listening and may not know what that is, that is going to be the amount of

00:50:35.380 not necessarily cash, but cash equivalents. So what is in checking accounts, what is in savings

00:50:40.460 accounts, actual cash, et cetera. So really immediately liquid cash or cash equivalents

00:50:46.160 has grown about roughly 700% since about the 1980s. Obviously, when we leave the gold standard

00:50:53.960 there. And gold has not necessarily tracked that perfectly, which means, again, that there's

00:50:59.620 the understanding that gold can very comfortably move. If gold were to move in accordance with

00:51:05.520 that, that's where we're talking about gold at about 7,000, 8,000. More context, even just CPI,

00:51:11.440 if it were to follow the CPI perfectly, you could see gold at 4,500 to 5,000 from about 1980 to now,

00:51:19.280 versus the highs, I should say, in 1980. So all of that to say is that when I talk about these

00:51:24.220 numbers about gold, sometimes people can think that I am being really pie in the sky and that

00:51:30.520 this is really hopeful. And it's really not. In fact, gold has just been tremendously undervalued

00:51:35.540 for so long that when people look at year-to-date on gold, they say gold's up 44% year-to-date,

00:51:40.860 they say, man, that's crazy. How is that possible? And the answer is that we are in the middle of

00:51:46.080 a renaissance in which gold will likely come back to where it sort of belongs. And that's

00:51:51.920 some of these other numbers I've talked about. Now, am I saying it's going to go to 20,000 or

00:51:55.900 something like that? You know, in returns, you're going to- Yes, yes. Yes, he is. No,

00:52:00.140 no, he's not. But I just try to be, I try to be constructive in helping people to understand

00:52:07.200 the historicity of gold in relation to its price and price targets, because these are not, you

00:52:12.820 know, you know, abnormal things. It's really just gold has been so depressed for so long

00:52:16.920 because, you know, I mean, the stock market, we've been on the longest and largest bull run

00:52:20.820 in history with the exception of a couple quick recessions like 2020. But we get out of them so

00:52:26.780 quick because what do we do? We pump money into the system. We turn away from this. And then all

00:52:32.740 of a sudden we act like it's fine. But at some point, that tried and true solution of creating

00:52:37.080 dollars out of nothing, it loses efficacy and doesn't work. And in fact, makes the problem

00:52:42.740 worse. So it's a short term, it's a bandaid on a bullet hole. It works short term, but in the long

00:52:48.440 term, you really need surgery or a tourniquet or, you know, or something that's going to change

00:52:52.480 that. Otherwise the bleeding will continue. What do you like better, uh, right now? Um,

00:52:57.320 Bill Harris is in our chat and, uh, and just pointing out that, you know, silver also has

00:53:03.220 a lot of upside right now and might even be, you know, he's arguing it might even be

00:53:06.800 potentially a better investment, um, at this current juncture than gold. What, what do you

00:53:11.600 personally like better right now at this moment? Gold, if you had a thousand bucks, you were going

00:53:16.340 to put it in silver or gold, you only could choose one. What would you go with?

00:53:21.260 Yeah. So I'll start by answering the question that's silver. And now I'll explain. So

00:53:24.580 I always talk with people about gold because they know gold and they understand gold.

00:53:29.520 And functionally, precious metals, I think that does a better job of telling the story. But

00:53:33.860 if you're looking for what has the best expected returns, the way to think of gold and silver is

00:53:39.780 that they historically are tied to one another. And I mean, in a sense of a ratio of a certain

00:53:44.980 amount of silver should roughly equal a certain amount of gold. And that's the gold to silver

00:53:49.780 ratio. And normally, when we look throughout history, we see somewhere in the range of it's

00:53:53.560 higher or lower, depending on when you're looking. But kind of the median there would be about 35

00:53:57.900 ounces of silver to one ounce of gold. So obviously, gold at about $3,750 right now,

00:54:04.280 and silver at about $44. So there's a pretty big discrepancy. We're looking at 80, 85 to 1,

00:54:10.780 as opposed to that 35 to one. So let's say that gold decided, you know what? I don't like what

00:54:15.960 Bill's saying. I'm just going to hang out right where I'm at. I'm not going to move an inch.

00:54:19.700 We're still silver just to fall into that path there where it aligns more directly with its

00:54:26.220 historical relation to gold. It still would have to triple. So silver, of course, the upside on

00:54:31.380 silver is much more dramatic. I mean, in a perfect world, gold goes to 7000 and silver

00:54:36.780 you know, falls up to, you know, goes to 350, you know, who knows. But the point is, is that

00:54:41.920 all the technicals aside, uh, in terms of, uh, of what gold could do silver alone has, has a

00:54:48.740 tremendous value. And that's to say nothing of the fundamental pieces that, that we could talk

00:54:53.380 about silver with, you know, the, the updates and the EV battery coming out of Samsung, uh, that

00:54:58.360 will be, you know, about one kilo of silver per battery that, you know, do your own research on

00:55:03.140 that, please. I think it's a tremendous product, but that I do believe will replace the lithium

00:55:07.300 ion battery entirely. So there's a lot to say about silver. So I would say silver. I rambled

00:55:12.600 a bit there. No, that was fascinating. I like that. Real quick, because I want to get to our

00:55:18.040 super chats. We had a couple of guys with some encouraging comments. But before we do, for

00:55:22.700 anybody who is interested in, one, having a long-term investment for future generations and

00:55:28.440 wanting to be a good steward, but then also in the short run, with the potential of economic

00:55:32.840 downturn and those kinds of things, it may not happen right away, but could happen in the future.

00:55:39.240 Where would they go if they wanted to invest with you? Because what I like about you guys is

00:55:43.420 you're all Christians. It's not just, you know, Genesis Gold is not just a nifty name,

00:55:50.800 but you guys are using that name, you know, intentionally. You actually are believers,

00:55:56.340 you love Jesus, and you have a similar worldview to what we do, because there are Christians who 1.00

00:56:01.760 are perpetual losers, and they love Jesus. They're brothers and sisters in Christ, 0.96

00:56:07.640 but they think that Jesus is going to—I typically say return next Thursday, but actually these guys

00:56:12.780 think that he was going to return yesterday. Apparently the rapture was supposed to be

00:56:16.700 yesterday. I was seeing that online. And so they don't necessarily plan ahead. They're not really

00:56:20.840 planning for future generations. But Genesis Gold and Right Response Ministries, we are not like

00:56:26.340 that. And so I appreciate the kindred spirit, the like-mindedness of devotion to the Lord Jesus

00:56:31.560 Christ, but also a future-minded outlook and wanting to be good stewards. And so for Christians

00:56:39.180 who follow this channel, if they are going to invest in precious metals, I think doing that

00:56:43.760 just in general is wise. But if they can, I'd like to send them your way with a God-fearing

00:56:50.080 Christian business. So where would they go? How would they investigate investing with Genesis 1.00

00:56:55.820 Gold? Yeah, absolutely. So a couple of ways, obviously, you can reach out 1-800-200-GOLD,

00:57:03.140 that's Genesis. And just mentioned, obviously, you came from Right Response, so we know who to

00:57:06.940 thank. And frankly, because people that come from you guys, I want to help personally. I believe

00:57:12.380 very strongly in what you guys want to do and what you do on a daily basis. So I want to support

00:57:18.360 that i want to be able to help those people directly uh but beyond that right response gold

00:57:22.480 and i'm sure we can get a url out there but that's right response gold.com real quick

00:57:28.560 i think we have a url uh nathan ours okay so ours is uh and can you make sure that's in the

00:57:36.040 show notes nathan okay so it's in the show notes right now so if you look at the description check

00:57:40.900 out the show notes for this episode you'll find it but it's right response nathan right response

00:57:45.140 bible gold is that right at not right response ministries but just right response bible gold.com

00:57:53.160 there it is right response bible gold.com so that's that's we do have a url so uh so make

00:58:00.420 sure to use that or call the number um but but tell them we sent you what's the number one more

00:58:04.860 time 1-800-200-GOLD okay go ahead sorry i cut you off no no not at all and uh and absolutely

00:58:12.860 I apologize, you know, for mixing the URL there. But of course, that's in the in the description as

00:58:17.780 well. So people can look there. But, you know, I always start by just trying to get to know people,

00:58:22.240 understand where they're at, what they're looking to do. And taking again, you know, I know we spoke

00:58:26.780 a little more on theology and whatnot in the last conversation, I'm sure we'll do more of that.

00:58:30.920 But really trying to make people understand the theology of why, you know, I personally and, you

00:58:37.040 know, why the Bible talks about gold and why I'm so adamant about it being in people's tool belt.

00:58:41.980 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.

00:58:58.240 I've met some tremendous men of God here that we all bond on and we're able to spur each other on.

00:59:05.180 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.

00:59:10.940 And you need biblical wisdom to understand how to facilitate that and how to respond to that.

00:59:16.020 Amen. All right, let's do some super chats. Nathan, can you go ahead and get those lined up?

00:59:20.720 So we have two of them. One is from Gabriel. He gave us $5. We appreciate that, Gabriel.

00:59:27.100 thanks for your generosity he said thank you um for all you guys do uh from a gen z man uh we have

00:59:35.720 by the grace of god and i i take this as a massive win i'm very encouraged about it but i would say

00:59:41.660 we've always had a younger audience but mostly millennial kind of following my age group uh west

00:59:47.080 is a young millennial i'm an older millennial uh but it seems like in just the last six months that

00:59:52.420 we've had a huge uptick with our followers, especially on X that are early 20s. They're

00:59:59.320 young men and some 18, 19-year-olds that are following us. And for them, I think of myself,

01:00:05.480 I'm thinking, good grief, I wish I knew half of what I know now when I was 18. I would have saved

01:00:12.180 myself a lot of heartache. I'd be in a much better position currently in life. I'd be a better

01:00:16.920 husband. I'd be a better father. I'd be a better pastor. So I'm super encouraged by that. Gabriel,

01:00:22.660 thanks for taking the time to encourage us. I'm glad that you're listening and share our podcast

01:00:27.700 with your friends. In fact, let me say real quick, if you're watching on YouTube, subscribe and click

01:00:32.140 the bell. And if you're watching on X, do us a favor and like the video, but also share it. Share

01:00:37.800 the video, just retweet it to get it out there. Wes, you want to read the next one? All right.

01:00:43.120 Hal 9K sent $10.

01:00:45.200 Thanks so much, Hal.

01:00:46.400 He said this, the Sermon on Blaspheming the Holy Spirit.

01:00:49.040 This would have been about four weeks ago.

01:00:51.040 Yeah, about a month ago.

01:00:52.020 The Sermon on Blaspheming the Holy Spirit changed my life.

01:00:54.540 It was exactly what I needed, exactly when I needed it.

01:00:57.460 Not to pray outside of my closet, but I'm back in church because of it.

01:01:00.640 God bless you.

01:01:01.880 Wow.

01:01:02.140 That's awesome.

01:01:02.760 Praise God.

01:01:04.080 Back in church because of it.

01:01:05.880 A lot of people are back in church because of Charlie Kirk.

01:01:08.320 God bless his soul.

01:01:10.380 But that would have been before the shooting.

01:01:12.620 a few weeks before. And so praise God that he's using the preaching of his word in our local

01:01:18.320 church, that people online are able to see that and get back in church because of it. So thank

01:01:23.540 you, Hal9k. That's super encouraging. Praise God for that. For those of you who are curious with,

01:01:29.380 you know, you see the podcast, but maybe you're not as familiar with, you know, our local church

01:01:33.340 and the preaching ministry there. Right now, we are preaching through the gospel according to

01:01:37.400 Matthew. And we're at the latter end of Matthew chapter 12. So we're not even quite halfway

01:01:43.380 through the book. It's massive and 28 chapters. And so we're about close to halfway through the

01:01:50.060 gospel of Matthew. And we've been there. I feel like, correct me if I'm wrong, Wes, but I think

01:01:53.720 we've been in Matthew thus far for about a year now. I think so. And I would say we probably have

01:01:58.460 about a year and a half left to go. So this is going to be like a two and a half year series.

01:02:01.760 Hopefully an Advent series pause, maybe.

01:02:03.700 Well, yeah, we can maybe do that and go back to Matthew at the beginning.

01:02:09.460 You've had one Matthew. How about Matthew again?

01:02:11.440 Yeah, we've had one Matthew, but have we had second Matthew?

01:02:14.520 So, yeah, so it's been really, really great.

01:02:16.680 And for those of you who want to follow along, we encourage you to do so.

01:02:19.900 You can check out the church, and the sermons are on YouTube,

01:02:23.220 but you can also check them out on the church website.

01:02:25.120 You can go to covenantbible.org, covenantbible.org, Covenant Bible Church.

01:02:30.020 That domain, unfortunately, was already taken, so take church out of it, covenantbible.org,

01:02:35.860 and you can watch the sermons.

01:02:37.160 And if you're looking for a church, we're in Central Texas, about 45 minutes north of

01:02:40.600 Austin, so we are close enough to where there's some economic opportunity, but far enough

01:02:45.480 away to where the police in our county hopefully don't get defunded, so that's a blessing.

01:02:50.260 But if you're looking for a church, we're in Georgetown, Georgetown, Texas, and we would

01:02:53.200 love to have you again to watch the sermons or to find directions.

01:02:57.000 It's covenantbible.org.

01:02:59.260 so i'm going to give the final word now uh that's all of our super question actually that we had

01:03:03.600 go ahead and i think it'll help a lot of people connect bill we had someone ask in the comments

01:03:07.100 if they invest with genesis gold are they getting the physical gold you referenced earlier paper

01:03:11.400 gold could you kind of parse out you got paper gold you got physical gold what do people kind

01:03:15.900 of get yeah absolutely and you know it's so funny i just had a a person i was working with here not

01:03:22.880 too long ago so this is very relevant and they initially they said you know what i want to do

01:03:27.140 gold and silver. And they had already actually done it all by themselves through their financial

01:03:31.080 advisor. And just kind of, I guess, the Holy Spirit tapped on them a little bit. And they

01:03:35.460 said, yeah, I'm just going to call anyways. And so they did. And lo and behold, they were

01:03:39.580 completely unaware that they had ETF, gold ETFs, which, you know, you don't actually have physical

01:03:45.240 gold and silver. You have something that will, you know, somewhat, you know, there's some

01:03:49.260 technicals to go over that it doesn't exactly. I mean, in 2008, when gold was ripping, people

01:03:55.660 were looking at their statements if they were in GLD or SLV, the gold ETFs or silver ETFs.

01:04:00.940 And they're saying, why is it gold's way up and I'm not really up? So there is some technicals

01:04:07.440 there that probably take more time to go into. But fundamentally, Genesis Gold Group only works

01:04:12.740 with the physical gold and silver. There's ways to do that through an IRA 401k. And we can absolutely

01:04:18.440 help with that. But a lot of people will mistakenly think they have gold when they're working through

01:04:23.780 fidelity or schwab or whatnot and come to find out when push comes to shove they don't so always

01:04:28.400 reach out and clarify i'm happy to answer those questions so genesis gold just to reiterate they

01:04:33.080 actually are working with physical gold physical assets and not just an etf that may or may not

01:04:37.780 follow uh increases and and then secondly you said it real quick uh but but just to confirm

01:04:43.860 um guys you're like well i don't have a bunch of cash on hand so therefore you know i guess i i

01:04:48.940 can't invest um is it true that guys with a 401k or ira that they that it's perfectly legal and

01:04:56.040 with without taking you know massive penalties that they can actually work with genesis gold

01:05:01.300 and transfer some of their retirement over to physical assets with you guys that is absolutely

01:05:07.660 true that is absolutely true that's huge so if people are looking at their their you know they're

01:05:11.700 looking at their 401k their ira and they're saying you know i just wish i had more options i wish i

01:05:16.220 didn't have to be just tethered to the market. I think maybe we're a little high. I'd like to

01:05:21.400 spread things around a bit. Certainly, we can help with that transition. That's what we do

01:05:25.860 every single day. So you can move penalty-free, no penalties, tax-free, those funds from stocks,

01:05:32.240 bonds, mutual funds into physical gold and silver. And that's what we would assist with and go over.

01:05:38.180 As Trump would say, huge. That's huge. All right. That's it. Wes or Bill,

01:05:44.120 any final word from you guys? Nope. I'll hand it over. All right, great. So it's Wednesday. Bill,

01:05:50.720 thanks for coming on the show. You did a great job. This was super helpful for me. I truly believe

01:05:54.860 by the grace of God, it's been helpful for the listener. We want Christians to be wise and good

01:05:59.260 stewards. And Lord willing, for those of you who are new to our ministry, it's Monday, Wednesday,

01:06:05.040 Friday, three times a week, we live stream. Monday, Wednesday, Friday at 3 p.m. Central Time.

01:06:10.360 Monday, Wednesday, Friday, 3 p.m. Central Time. So today is Wednesday and we are going ahead and

01:06:15.200 signing off. But Lord willing, we will see you again on Friday at 3 p.m. Central Time. God bless.

The NXR Podcast - September 24, 2025

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

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