Show Notes
Stu talks about his suggestions about water filtration, stocks and rates, plus semiconductor manufaturing in the US.
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Episode Transcript
[00:00:04] Speaker A: Okay, coconut man, moonhead and tea.
You ready?
Seems like everybody satisfied I wonder how they creep at night when the sale comes first and the truth comes second just stop for a minute and smile. Why is everybody so serious? Acting so damn mysterious got shades on your eyes and your heels so high that you can't even have a good time everybody looks to their left everybody looks to their right can you feel that? Yeah. We're paying with love tonight it's not about the money. Money, we don't need your money.
[00:00:49] Speaker B: Good evening, everyone, and welcome to the Trim radio network. And money and change with Stu Shear. And I'll tell you what. You come on over to the Trim radio network. You can listen in. We broadcast live all over the world. You can buy our merchandise and we'd love to see you in it. And it helps us stay on the air. And the opinions expressed by my host, co host, guests, myself and others is not necessarily that of the trim radio network, its owners, managers or others. Any information shared by us is not to be considered to be used as advice. We inform, we don't advise. And that includes any and all medical, health and professional information as well. Do your own research. We expressly deny any and all legal ramifications from it. From this show. Anyway, this song right here, price tag, Jesse J. Covered under our BMI music license. Six one oh 516 58.
And we have a call in number 838-661-6670 and I'll tell you what, we'd love to hear from you. So call in and give us your opinion. Just no cussing, no swearing or anything like that. And I think we have all the bugs worked out, folks. I believe we do. We have been working hard at it all week long. And you know what? It sure feels like we do. So without further ado, I'm going to give you to Stu.
[00:02:14] Speaker C: Hey, Michael. Boy, I'll tell you what. I don't know about you, but it is cold here in Ohio right now. Here in western Ohio, it's 27 degrees. Oh, my God. It's a tropical heat wave. The other morning it was like seven or nine degrees above zero.
I hate cold weather.
I detest it. You're lucky you're in the south. And it's a lot nicer in South Carolina than it is up here. I'll tell you what, it is a trip.
Especially when you get snow.
And then you take the snowblower and you're cleaning off your drive, your sidewalk, your neighbor's drives and their sidewalks. I'm nice guy. At least I think I am. Anyhow, I'm doing this and I thought, okay, it's bound to be warmer. No, it isn't.
[00:03:13] Speaker A: Okay.
[00:03:14] Speaker C: And so then I thought, okay, we're not going to get any more snow. Guess what? We get more snow.
It just keeps going. Well, anyhow, it was cold and you learn to live with it here in Ohio the best way you can.
What a week. Well, hey guys, this next week we're supposed to warm up. Can you believe? Going from 25 degrees up to 50 degrees on Thursday.
That's going to be interesting to see how that transpires. And I can see my natural gas and electric bill being sky high for this last week, then probably go higher later because this is just the beginning of our winter here in Ohio and I can see what can happen in February. Hopefully it's not as bad. I'm just hoping. But anyhow, guys, welcome to money and change. Financially prepped and we've got a lot of stuff to talk about. And I listened to an interview today by David Rogers Webb and I tried to get it to the point where I could actually play it on the air, but I can't.
And I listened to it and listened to it. I played it over again and it was on usawatchdog.com and I put a link to it on our money and change Facebook page. So you want to check it out because I think he just hit the nail on the head as to what's going to happen financially.
So we'll go into a little bit of that and then you can go to our Facebook page, money and change financially prepped on Facebook and check it out. Because if you're going to listen to the whole interview, that's fine. It's a very good interview. But when you get to the back part of it, about the last 2025 minutes, that's where it is. I mean, that nails it. And it goes along with everything else that I've heard.
So you have to check out the last 20 to 25 minutes of that interview with David Rogers Webb. Check it out. Okay. Michael did his disclaimer, so I have to do mine. So the information contained in this presented material is from the posting of news agencies on the Internet and are not necessarily the views or opinions of the owners of this program. Nothing in this show should be considered legal, medical, financial or investment advice. You should always do your own research and consult with professionals. In other words, do your own due diligence.
We are not responsible for and expressly disclaim all liability for damages of any kind arising out of use reference to or reliance on any information contained in this broadcast.
Now, shout outs, we always give out a big shout out to trim radio network. I mean, we always mean the network has been gracious in keeping me on the air, and hopefully I'm helping people know if you're listening. And I give different types of tips on what to do in times like this.
But a big shout out to the Trim radio network. It's got a bunch of great hosts. It's got some good shows.
You got to check us out as trimradio.com. Tell your friends about us.
Also, a big shout out to the University of Finley at www.findley.edu. The University of Finley is located in Finley, Ohio. Yes, they're cold, too, but it's a good school. It really is. I said, last week I met a cashier at a bank, and she said, well, my son's going to the University of Finley. I said, well, gee, I went there and it's a good school. And she says, yeah, it's a real good school and he loves it. I said, boy, that's great. I can use that on the show. Then she said, you do a show? I said, yeah, on Trim radio network, trimradio.com. And wow. What do you talk about? I said, well, we do finance and we do my world things that are going on, but we always talk about the University of Finley. It's a good place. It really is. It's an NCAA division athletic school, but it's not just athletics. They've got good facilities, good professors. You can get a bachelor's degree, a master's degree or a doctorate. And the doctorate is usually in physical therapy. And I believe it's in something called pharmacy and a few others, education, business, you name it.
It's a good school. It really is. And I believe on the 10th, barring any bad weather, I'm going to go up to the University of Finley and watch some basketball, and hopefully the weather is decent so I can travel up I 75 and go up to Finley and watch a couple of basketball games, and then maybe we'll just go out to eat before we head back south. But the University of Finley is a good place and it's a very reasonably priced institution. They do give out scholarships.
So you want to check into that.
A big shout out to rusty ducks custom pens and rusty ducks custom pens and blanks is a great place. If you need pens for your business or your school, your university, your barber shop, if you want to give pens out to certain people, you can give out your custom pens, I mean, they're beautiful. They are beautiful. They're made on a cross pen platform.
And Phil at Rusty Ducks custom pens and blanks does an excellent job. Check them out on Facebook. Both Michael and I have those pens. We bought them and they're very good. If you like a second Amendment pen. Phil's got a couple that are really nice. And if you go to our money and change slice financially prepped Facebook page, I believe I've got some pictures of some of his work and you just want to check him out.
He has some very good designs, does excellent work, trust me. A big shout out to money and change. Because we're here every Sunday and we are live. Unless I have a concert to play. If I have a concert, it's going to be an encore addition. Sorry, but I don't have any concerts planned until summer, and that's going to be good. So we can be live just about every Sunday up until, I believe we begin the concert season in May.
And that's usually one concert a month or maybe two, but I'll keep you informed.
But at money and change, what we try to do is to give you.
I'll just say this, we cut the bull and we serve the truth. We get the information off of the Internet, and if it sounds like it's interesting and it's going to help you out, that's what we do. We go ahead and put that up there on the page. Today I listen to the last 50 minutes at the 50 minutes mark. Let's see what David Rogers Webb sees coming. I think he's accurate. I really do. You can click on that and listen to the interview with Greg Hunter. Also, I had three keys to emergency communications.
In a few weeks, I'm going to be taking a course for the technical license for ham radio.
And people say, oh, you're a ham anyhow. No, I'm not.
I do have a thing and I've been telling people about it. I'll show you a smaller version. This is a GMRS radio right here and general mobile radio service radio. And it's a handheld handy talkie, as you want to call it.
I can listen to a lot of things with this and I can also talk to repeaters. And I've talked as far away as Wellington, Ohio, which is about 80 miles from here. And all I have to do is just go to the frequency and announce that I'm there with my call sign and I can talk to people and it's great. And I now have the repeaters for the Finley area. So when I go up for basketball games, I will go and try to reach out to people up in Finley. And there are a lot of GMRs repeaters all over the country. Matter of fact, if you go to mygmrs.com, you can take a look at all of the repeaters across the country. It is a growing hobby, and if you want to keep in touch with your relatives and the phones are down, you can pick up your radios and talk. If you want to talk to your friends or other people about all kinds of hobbies and stuff, you can use your GMRS radios. And they're good. They're only five watts.
And we're looking at getting something a little bit more powerful to reach out a little bit further. But it's fun. But anyhow, I have the three keys to emergency communications, and you want to check that out also.
I can see why China would do it. Trump vows I will never allow it.
The central banks keeping track of everything that you do. And I listened to several things this week where they were talking about that, and so we posted it on the site.
A lot of different things have gone on. Glenn Beck was talking about the signs of a recession. Are we in a recession? Are we going into a recession, or is it going to get worse than a recession? How about a $16 blt bacon, lettuce and tomato sandwich? $16.
You know, when I take a friend out to lunch and it's a local mom and pop type restaurant, it's a very good one called the Lighthouse.
And I'll tell you what, the meals keep the same quality, which is they're good, good home cooking. But, man, the prices have gone up.
And what used to be, I'm going to say, $16 for two of us to eat is now 25, and we're eating the same stuff.
And the prices are going up and up and up. No matter whether it's that restaurant or you go out to cracker barrel or you go to Wendy's or whatever, the prices are going up.
There was another thing. The still report was talking about tally sticks, which was known as sovereign money back in England. All the debts were done in tally sticks. And it was an interesting article. And you want to check into that.
There was another article about the CPI reality check. Chickfila has hiked prices 21% in just two years.
Just two.
So you want to check that video out. There are a lot of good videos, okay? And we put them up there for a purpose, to help you in times of problems like we have now. We've got inflation, we've got the lookings or the workings of a recession.
And we have a lot of more, I think, shady things going on. I'll just put it that way. So check out the Facebook page, please. Also check us out at my world life, laugh, whatever, or live laugh and whatever. Every Wednesday at 08:00 p.m. Of course, we're going to be here Sunday at seven, but Wednesday at eight we can basically talk about anything that makes it nice.
Last week I was talking about communication, and that's a big issue, especially where I live.
And that's why we've got the GMRS radios. And I belong to different groups and we have different chat groups. A big shout out to the big family homestead with Brad and Krista out in the middle of Wisconsin, it's cold out there. I mean, if it's cold here in Ohio, it is cold in Wisconsin.
And I hate to think about how much snow is on the ground. But check them out. They were talking about a lot of good stuff this last week.
Deep south homestead with Danny and Wanda King. Check them out. They're down in Wiggins, Mississippi, and it's getting cold down there for them. And they talk about different things on the farm, and not only the farm, but in the economy and everything else. And Danny has a good show that he puts on on Sundays.
Also check out Dave Kobler with southern prepper one and with his boots on the ground. I've known Dave for a long time, like I've known Brad and Krista.
And again, the people I put on the show here, they're good people and they have very good YouTube shows. And then there's prepper nurse one with Ed Carswell. He's putting up with snow in West Virginia. He thought he had snow in Rochester, New York, where he lived before he found out what it's like in West Virginia. Up in the hills, there are a lot of other people that I know, and appalachian homestead with Patara and James.
Excellent show. And she calls it like it is. And there are just so many more shows, but I try to follow and there's a reason for it. I like to know what's going on out there in the world and if I can see that there are trends that are forming that could hurt your wallet, my wallet, your neighbor's wallet, I want to pass that on because I would much rather tell you what I think is going on and what I have seen and heard, because then you can prepare and you say, well, you talk about preparedness all the time. Yeah, I do. But there's a reason for it.
And this David Rogers Webb interview with Greg Hunter is important because it stresses it.
Pay down your debt. Put some money aside. Buy some long term food.
Stock up on food, too. Make sure you have the proper medications.
Make sure that you have a good first aid kit, not just the band aid specials they put at Wally World.
Make sure that you have the proper clothing for the right season. Do you have clothes for cold weather? Hey, in the summertime, do you have fans at work? How about your air conditioning in your house or your car? Whatever. Check it out.
How about storing water?
And I want to say preserve water.
It's water filtration. Somebody got upset that I recommended the Berkeley system. Oh, the person went nuts. Did you know that it's expensive? I said, well, when I bought it, it wasn't. Now it's expensive, and the filters are expensive, but I can take the water from the tap and run it through those filters and have water that tastes like water. There's no odor to it, there's no off taste.
It basically does what the company says. And there were two studies with some universities out west on that.
And for me, I like the Berkeley system. All I do is take a picture of water, dump it in the top, it goes through the filters into a container down below with the spigot. That's it.
And I use that for all of my drinking water. I'll use tap water for washing and stuff like that. But hey, I use the Berkeley to drink water. I drink a lot of water because the doctor says drink more water. Well, I don't like to have impurities in my water. I don't like to have aluminum viruses and so forth. I mean, this kind of cuts down on all that stuff.
Besides that, it's good cold water.
And I talk about making sure that you have the right shelter. I mean, if your house roof has a leak, do you have a blue tarp that you can put up there?
Do you have alternative, maybe a small tent that you could use in the wintertime?
I was watching one group and they were saying, well, you can put a tent up in your living room or another room, and body heat will be preserved in that tent. If your house doesn't have any power, that's another thing. Do you have any generators? Do you have solar units or Battery units, something to consider? The other thing I was looking at this week was an elide fire extinguisher, and it's a ball about so big, around about maybe six inches across, and it's a fire extinguisher and you put it in your house or in your garage or any place where there is the potential of a fire. And this will help extinguish it. And I saw a video of a guy that had two of these, and there was a trash bin that was on fire, and he walked over and tossed these two balls into the burning trash bin, and it exploded with white powder all over the place and put out the fire.
And that's kind of neat to have something like that. So I'm going to my good buddies at Amazon and see if I can get these. Eli, that's capital E-L-I-D-E extinguishers. And I think I'm going to put two in the garage and two in my shed and keep two in the house. Different places.
That's one of the big things you need to have fire extinguishers, too.
I don't talk about that that much, but there's a lot going on and a lot of uncertainty. I was listening to people that, saying that, well, we had a bank account, and all of a sudden money was missing in the bank account. We couldn't figure out where it went. And then they found the guy's name, and, well, he took out money out of our club for a boat.
So they questioned the guy about it. He says, no, it was supposed to come out of my account, my house account for that boat. And they said, well, it came out of our account. Well, they had to go back and talk to the bank about that, and they had to do it one other time. Anyhow, everything was made, well, I mean, everything was straightened around. The bank made the error.
But you need to check what's going on at the bank.
Do you trust your banker? Do you know who to contact if something's gone wrong?
It pays to keep your finger on your money, because if you don't, nobody else will.
And banks do make errors from time to time.
I saw an article today about wobble than soar, and Peter cheer Tchir of the academy securities wrote the article. And he said, last week, when we went with Webull's wobble, and the week started with more wobbling for stocks, stocks seemed poised to break much lower on Wednesday, but managed to claw back much of the early losses and then took off on Thursday and Friday. And he said the Nasdaq 100 gained 3.5% in those two days.
Well, I've heard of a dead cat bounce. Do you know what a dead cat bounce is?
Usually in the stocks.
The stocks will take off and go way high, and everything that seems really nice.
And they start gaining a lot and all of a sudden they drop. Boom.
It doesn't bounce back up, it's a dead cat bounce. When it hits the ground, it's over with.
Just like dropping a dead cat. It hits the ground, it doesn't bounce up and run off. It just boom lays there.
A lot of economists are looking for a dead cat bounce. The market is going to get better and better and better. Then all of a sudden they are predicting that the markets are going to collapse.
So do your research, look around and see what's going on with the markets. And if you're in the stock market, pay very close attention to everything.
I don't really dabble in that myself because it's a gamble and people can play it and they could make things happen. And all of a sudden the stock gets really good and it gets to a certain point and then somebody says sell, and then it drops back down. It's a big gamble and you really have to kind of know what you're doing when you get into stocks and bonds. Well, anyhow, this article said this rally occurred even as markets priced in fewer rate cuts and moved rates higher across the curve. And according to Bloomberg's WIRp function world Internet interest rate probability, that's a mouthful. The chance of a march cut dropped to 47% from 79% last Friday. Total cuts for the 2024 year so far went from 6.7 cuts of 25 basis points each to only 5.4 cuts.
The ten year yield went from 3.94% to 4.112 4.112.
Stocks rallying as they downplayed the Fed pivot is impressive, according to the writer, and earnings and outlook for the semiconductors seem to be the biggest single spark.
Well, here's my take on it. With semiconductors and things like that, where do you get the raw materials for semiconductors? Number one. Number two, who makes the most semiconductors? Taiwan.
Who wants to take over Taiwan?
China in the US. What's happening with semiconductors north of Columbus, Ohio? They are building a big semiconductor plant and they want to move it from Taiwan back to the United States.
So look for things happening there.
Another one was the consumer keeps spending and inflation is contained, he says. I'm less convinced on the consumer, but I have a big belief that much of what drove inflation has changed direction rather dramatically for goods that are just starting, for services.
And there are some things to pick on, he says. Even after the bounce on Thursday and Friday, the Russell 2000 finished lower on the week, pricing out of a recession. Interest rates are always tricky, but my view is that there is much of what occurred at the front end of the yield curve resulting from the far less concern of a recession.
We'll have to look at the Russell 2000, I'll have to look that one up, he said. We seem back to a world where being right or wrong on a given day can be incredibly meaningful.
Having to be right every day is difficult for some people. Impossible or there would be more day trading billionaires.
It weighs on individuals less or so on algorithms, and it does trend over time to cost risk management and reduce risk.
So one thing I don't like about the price action is that it feels like day trader movements or momentum or simply pile on driven.
So the noise may be far greater than the signal, but the bottom line still is still stuck on higher yields and less inversion, still believe that credit will do well.
Will we have a dead cat bounce? Who knows?
You take a look at our national debt right now. We are at 34,054,914,000,000 and climbing. And the debt per citizen is $101,346. I don't know about you, but if I got that bill, could I afford it? No. The debt per taxpayer, according to the usdetclock.org, is $264,090.
Now how much of that are we having to pay for illegal aliens?
That kind of concerns me. We have all these people coming into the country, but yet we have to foot the bill on them. And our debt per citizen keeps going up and up and up and up. I think at one point, I can't tell you what I think. It was something like $90,000 per citizen a few months ago and now it's up to 101.
I've got a problem with that. Guys, I don't know about you, but I do.
How about unfunded debt? The unfunded debt is 4,304,909,000,000 and climbing.
How about your savings for your family? They're saying that the savings per family is $10,975.
I've known some families that live paycheck to paycheck and sometimes they have to use the credit card and borrow money to make ends meet at the end of the month and then they have to borrow on that again the next month. It's a borrowing cycle. Pay down your debt. And how do you do that? You live beneath your means. You don't need Netflix, you don't need other things. Check it out. Live simply.
You can check oh, prepper princess on YouTube.
And she does that. She's a millionaire and she tells you how she did it. All you have to do is pay down your debt and live simply. Don't go out and splurge on a lot of things instead of sitting on your fanny watching tv and paying high rates. As far as your tv goes, cable, my God, my bill is like $261 a month. And I get phone, I get Internet, and I've got the cable and I've been saying it, and I think I'm going to be doing it pretty soon, is to get rid of cable tv. I can put an antenna up and get it for nothing. So why do I have to pay for all these different shows?
Most of the things I do are basically on the Internet and local news. I get that off the tv and maybe there might be a program I want to watch, but it's a rarity because I'm doing a lot of research for the show and I like to know what's going to happen. There was one that was shiftgold.com wrote an article how the Government constructs positive economic data.
I think what they do is toss a ball up in the air and then let it drop and see what happens. Or maybe it's one of those. What was that one?
Not a Ouija board. Well, they could probably use that, too. But there was a eight ball. That's it, the eight ball. And it had a little window in the back of it, and you shake it up and you ask it a question and set it down and you get an answer from the eight ball.
Well, I think that's how the government basically does their financial forecast.
It's a guess. It may be an educated guess, but sometimes I wonder how their education was when they guessed.
And according to the one guest columnist from Schiff Gold, they said, our guest columnist explains how the government is playing a smoke and mirrors game with the economy. It's more subtle than making up numbers.
Gee, look, there's a crisis over here as we move money from over here.
Manufactured crises can cause a problem. It's a distraction. It's like going to see a magician.
Don't look at that bulge in the back of the box as he pulls a rabbit out. I saw that happen one time. Really? I was at a kid's magician's show, and I was sitting at the right angle, and I could see the magician holding up this box. And he showed it in the front and he says, do you know there's a rabbit in here?
And there was a bulge in the back of the box, and he reached in, he grabbed it and pulled out this rabbit and then he put it back in the box and he waved his hand and the rabbit disappeared. They never saw it again while I was laying down in the back in this pouch.
So every time the government shows you numbers, they're going to distract you and you're going to look over here. When it's really over here, you have to check into stuff like that.
It's scary out there. Who do you trust?
Do you trust yourself?
Hopefully yes. Do you trust the government?
Hopefully no.
Show me.
I think the show me state was Missouri and there's some truth to it. Show me. Show me the facts. Show me the numbers. Show me what's going on.
There was an act according to zero hedge taxpayer disclosure and Protection act unveiled in Maryland to rein in unaccountable tax hikes by Democrats.
I don't care if it's by Democrats or Republicans. We need a taxpayer disclosure Protection act all over.
And there was a lawmaker in Maryland introduced a bill to increase accountability to protect taxpayers from excessive fees and tax heights imposed on unelected state agency officials.
And this initiative comes in response to concerns that radical progressives in the governor's office and Annapolis, which is the capital of Maryland, are plunging the state into a fiscal crisis over the next five years.
And delegate Nino Mangioni of Baltimore county told local media outlet, what was it, Fox 45 News? That he plans to hold the Maryland General assembly accountable.
And he says, I am and remain greatly concerned about the Maryland budget situation and ongoing spending in the Maryland legislature.
Do you have that in your would, I would make sure that you follow your state's budget to see actually how things are being spent. There is a state in debt.
How much in debt?
How do they plan to pay that debt off?
How about your city where you live?
Are they in debt? Do they have to have a balanced budget? Does your state have to have a balanced budget? Check into that.
Did you know that there were charges that were made, according to Mark Capscott, T-A-P-S-C-O-T-T in the epic Times that advocates outraged that the feds asked banks to search customers religious texts purchases.
And I listened to that today.
I read it and then I listened to somebody on YouTube talk about it and I believe was Jim Jordan this afternoon. And he was saying, know the government is asking the banks about your spending habits and they're trying to put people who go out and buy bibles and then they buy maybe survival food and maybe they buy a gun for self protection.
Some of the videos I've seen on X which used to be Twitter.
They depict people on the street beating the heck out of each other and so forth. And you need some form of self protection and know how to use it or use them.
And what happens if somebody breaks into your house? What do you do?
[00:41:40] Speaker A: No, I'm going to call the police. I'm going to call the police.
[00:41:43] Speaker C: Oh, no.
Do you have a baseball bat? Learn how to use it.
Baseball bats come in all sizes.
I believe there's a 38 inch baseball bat. I believe there's a 45 inch baseball bat, a 50 inch baseball bat.
If you just want to tickle them, there's a 22 inch baseball bat. If you know where I'm going, guys.
But the government wants to know everything. I mean, gee, he bought Cheerios. Oh, does that make him a terrorist because he bought Cheerios?
Oh, no, he brought frosted flakes. I don't want to mess with that.
Gee, he's a meat eater. He bought steak the other day. Well, where do you get the money to buy the steak? What's he going to use it for?
The feds are getting too intrusive into what we do.
If you're a law abiding citizen, you don't have to worry about that.
How you spend your money, as long as it doesn't hurt anybody, is your own business. And that's the way I look at it.
But Mark Tapscott from the epic times are saying, hey, this is what's happening. The feds are asking the banks to do some research, and then we're talking about other terms that banks, credit card companies and financial firms were asked to use in the search, included certain names, political figures and other things.
They want to know if you're spending money on it.
Follow Jim Jordan, because I think he's onto something. I really know. The least affordable housing market in the, let's put this way, the least affordable housing market in more than a whole generation is facing another threat. You know what that is?
Uninsurable properties. How about the properties that are out in California that had the fires, or the properties in Hawaii that had the fires, or they have landslides or floods, or how about down in Florida, hurricanes, storm damage.
It's hard to get insurance.
If you're in an area that has flooding, you should have flood insurance. And if your area hasn't flooded in 100 years, do you need flood insurance? Well, you could say no, but you never know. That river could overflow its banks and cause problems with your property.
And that's why they have that type of insurance.
But it's getting tough to get insurance.
Why? Because they're losing a lot of money on it. And insurance companies, it's kind of like a racket, the way I look at it. You have a situation where you need insurance because if something happens, you want to be able to build the house back or pay for anything that was damaged and so forth. And that's great. And these insurance companies have actuaries that know the statistical figures on everything that goes wrong with a typical house, a typical car or type of car. Whoa, I got to watch that microphone. I almost knocked it over.
Where the house is located.
If your house is right next to a nuclear power plant, what are the ods of getting insurance there?
Yeah, a lot of different things. If your house is next to a plant that makes dynamite, what's the insurance rate going to be there? It's going to be high, isn't it?
A lot of things to consider, and that's what's out there. Some people say, well, where do I put my money?
What do I do? You pay down your debt, get debt free, put some money aside, because if the banks suddenly stop working and you need to buy groceries, hey, you've got some spare money at home. You can do that. You have to plan for things like that. Other people say, well, where do I put my money? Well, I put my money in stocks and bonds. Well, what if the stock market crashes? Well, then you're broke.
Other people look at it this way. Precious metals are a hedge against calamity.
So I'm going to take some of my money, I'm going to put it in gold and silver and platinum and copper.
Any port in the storm on this.
And I want to make sure that there are good coins.
I never want to get bars of metal because it's too heavy to carry them around your pants. Could you imagine getting a gold bar that might be six inches across and maybe three inches thick, that probably weighs 30 pounds, and you put it in your pocket. I'm just going to barter with it. Yeah, right. You won't have any pocket, and the gold will be left on the street someplace. You can't carry that stuff. So a lot of people invest in coins, whether it's a 10th of an ounce or an ounce for a coin, even a half ounce, it's there. Gold right now, according to Apmex, and I'm not pushing it because you can go to silver.com and a lot of other places.
Gold right now is up ten point 20, which is about a half a percent, and it's at $2,042.80. An ounce.
Silver is at $22.82, and it's down $0.06, down about 26%. Platinum is at $921.30 and it's down 2.70.
Now, that's the spot. And you may have to have service fees added on top. So if I clicked on silver, for example, and I wanted to see what the deal is there, now I have to look for someplace else. They changed it.
Holy cow. I just want to buy a coin. Eagles. Okay, I'm going to buy an american eagle. And do I see them?
Check them in, man. They make you click all over the place. $31.79, and silver was at $22.80. That tells me that silver is scarce. It's used a lot in manufacturing right now.
2023 1oz. American eagles coin. According to Apmex, a quantity one to 19 is $31.79 each.
Now, if you buy 1500, plus, it's only $29.79. So that tells you they're making some money, right?
They are.
The financial world out there is going to get tough and rough and scary, and I'm trying to find things that will help you in the long run as we go through what time we have and who knows what time we have.
You know, that cold weather is going to be rough for the next few months here in the states. So if it's going to be rough, have you taken a look at your furnace? Have you changed your, know, in the wintertime, you probably want to change your filters at least every other month, if not monthly, because of all the pollutants that it catches, and then it gets clogged up and then your furnace doesn't work right.
Have you had your furnace checked by a company that does hvac?
Have you done that?
Have you had your ducts clean? Not the quack, quack, quack, quack type, the ducts under the house, in the walls, in the ceiling, and there you go hitting that mic. It's a different place now, and I got to get used to that. But do you do that?
Do you make sure that your house has a humidifier?
I have two humidifiers. One is a mist humidifier, and I use that in the computer room a little bit.
And that helps keeps down on dust, particulates and things like that, and keeps the humidity up where it's comfortable.
I have another one way across in the other rooms. And the more water you have in the atmosphere, you want to try to keep it maybe 30%, and it makes things feel warmer and it's better for your breathing from what I've heard, but you have to do stuff like that.
Your car has a cabin filter. Do you change that every year?
Do you have alternative heat sources? There's a thing that I got. I'll show it to you next week, maybe. On my world, it's called a candelier. It has three candles in, it's a special container. You can light those candles. It will provide you heat, it will provide you light. And they say, and I haven't tried it yet, but you can put a pan of water on top and you could actually heat the water for either tea or coffee, or you could do soup in it, whatever. But we'll talk a little bit about that in the future. Anyhow, guys, that's all I've got this week, and we'll talk to you next week, and we'll talk a lot more about finance that's going on. Keep your eyes open and your ears to the rails, because you have to listen to see what's going to happen with the world economy. Because remember, they had a meeting in Davis or Davos, Switzerland, and a lot of people were planning some things, and we need to say, hey, we're going to keep track of our own money and we don't want the government's hands in it. And with that, hey, Michael, that's all I've got for this week. And I hope everybody has a safe week. They stay warm and they prep.
[00:53:06] Speaker B: Absolutely. Listen, all, be good to each other. Be kind to one another.
Trust in God, and he'll get us through. I promise you, he will. So anyway, God bless. We will see you next Wednesday night, as a matter of fact, and on Tuesday night, we should have take point 22. I know we've had some technical issues and stuff working around windows eleven.
I make no apologies for that. I didn't invent that program anyway, day.
[00:53:39] Speaker C: Get in line, brother. Get in line.
[00:53:41] Speaker B: Yeah, we will see you all then. God bless. Take care and we'll see you then. Bye.
