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Halfway Point!

The Steve Noble Show / Steve Noble
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July 13, 2022 9:06 pm

Halfway Point!

The Steve Noble Show / Steve Noble

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July 13, 2022 9:06 pm

Halfway Point!

Steve talks to David Fischer for the entire show to discuss how our economy is going to fail due to a stock market crash for Money Monday.

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The following program is recorded content created by the Truth Network noble show where biblical Christianity meets the everyday issues of life, your home, at work, and even in politics. Steve is an ordinary man who believes in an extraordinary God it on a show, there's plenty of grace and truth. No sacred call Steve now 86 34 true 866-34-TRUTH or check them out online, Steve Noble now here's your host Steve Noble timing Pres. Biden a good time to head over to the Middle East and not get out of the rate here in the states rights since the consumer price index broke this morning at 9.1% higher than they were expecting higher than just anybody was expecting continuing this downfall of the economy under the Biden administration. So that's the deal. When you want the big picture you count the big job you want the big title all the stuff is up on your head, so there's a lot to talk about were halfway through the year. Believe it or not that's a shocker in and of itself.

So today will make up for the last time I David Fisher are good friend from landmark capital landmark has been doing some traveling.

I've been doing some traveling so were going to try to make up for that today David how are you buddy walking back in America's heartland tracking problems. Politics pretty pretty remarkable to see what's going on there. I hope you guys had a good break and you were doing some traveling. We were doing some traveling outside your summer more and more my machine room less loving your seven years and unfortunately we have the trouble to really decaying city called Seattle grew up grew up in north of Seattle where my mom lives on the farm, but the city what difference will say it's always liberal liberal environment. No wonder San Francisco for couple days the same environment, decaying city, but the best part for my mom prayed for, and mutual notes on my sister's or six of us, except for wanted and get the CDs could make it out there short notice but so it was a great time. That's that that's a sweet blessing. I was out in the mountains of North Carolina. Just this past week and let my three siblings and just about all the grandkids we were doing a final memorial for my mother passed back in January. Now the mountains which to begin a stick of pen in the map United States because we've lived in eight states and plots at this point. This Lake lure North Carolina chimney rock on the western part of the state beautiful Blue Ridge Mountains out there that that's the spot.

So for all of us to be there with our own kids and in looking back at my mother's life and we got 50+ years of legacy noble family legacy at that lake. So this can be very, very model of all times and a lot to reflect on and considering as we move forward in and trying to keep things in eternal perspective, but it sounds like we both had a pretty rich time and that's a great blessing. It was think the looser they understand the compassion we have for honoring our parents, and I know they feel the same thing in sure good to be black back in the saddle with you today. Thank you for the honor of allowing me to be on your program course and appreciate your time today and thus be able to do the full show. There's a lot that can't leave her halfway through the year so you got kind of a market update is to look at disturbing concerning just kind of a train wreck in slow motion, but it seems to be speeding up.

There's a lot to go over here so I guess let's just I guess we can to start with the markets. The first half of the year and a bunch of the red numbers really green dollar, but the red numbers will start their personal simply re-enter some P: the first half of the year except for energy went up, but it also went down and down Pauline's holy first half of the year does same category don't hold up a bit. Please don't 50% year of his day just totally hammered troubles, anti-crypto solution me emails, but you will Bob crypto's with anticipation as a hedge against inflation.

The doors S&P down total of what about 20%. Describe your 19.9% call 2013%. The NASDAQ 28% dollar talk about in the green .7% year to date show from the perspective the significance I've been doing this 28 years I've never seen the dollar move more than 10% upward 12.7% in six months so is on the other side. As you say that Peter taught her the scales goal should be down 40% in a 12% to 50% with the daughter going up 12.7% benches think that's a 3% move in the currency. This is four times more than almost close to five times getting there. So only down 5% year to date, as you call strong and massive headwinds with the dollar going down as much as it is, I think the changes coming for the dollar is everything that were a talk about social show ran in the cycle economy is not doing well. The IMF Jewish/Outlook.

Last month they slashed the growth of falling to 2.9% on Monday. This lasted 2.3% lower than a month ago and they're saying they slashed next year's outlook was at 1.7% dishwasher. The 1%.

I think as time goes on to keep slashing Outlook everything is showing that were probably headed towards a recession is from Sumer really are there but technically or not because room had two orders back to back of negative GDP, but it's common when do we get the next clearly GDP number said you know how these guys talk about it. But when's the next official September September okay we should know the numbers for some reason that try to research the Steve Wyant waiting so long after the second quarter to report that actual number normally do that normally. But it's at the end of September. It seems to be little longer than normal for some strange reason I want to get into some's conspiracy manipulating this and tell us the truth. When we get into the actual talking shows not telling us the truth that you have a problem that's been saying all along. A second quarter is going to be down and that that would officially put us in a recession, but of course they're trying to run away from the hardware discussion is November on the horizon. I will keep thinking up there with David Fisher, basically halfway through the year update on Monday. Monday will walk back to Steve Noble to Steve noble salesman in the full date with her good friend Fisher from La Marque M As always, his website and out when things are going so well with the noble family, generally one of the comments and my wife Gina knows it's coming.

When I say it will look at her and all the well, since you'll usually let you do right after 30 years of marriage, and finish each other's sentences. She's like I don't say it but I say it anyway and what I say as well.

Are we having fun yet and that's kind of the way it feels out financially this year with the markets.

Are we having fun yet thou down around 15 the NASDAQ down around 28%-ish S&P down around 20% of the dollar crazy enough, up 12.7% for Queens. A train wreck down 58% and then yet gold which is I really holding on. Well, considering the dollars rocketing up in the last six months gold only down left a little less than 5%.

So fascinating situation and he got the fad and get the government and you got interest rates and if you're trying to buy a house. Have fun with that as interest rates for home loans are skyrocketing. Same with car loans everything else. If you're caring about your credit card debt you see that in your adjustable-rate APR every month and that's my begin to go to a number that you haven't seen in a long time and we haven't seen inflation at this level since 1981, so a pretty brutal situation and just trying to work our way through it and understand what that perhaps the second half of the year has in store for us. Which is why it's always such a blessing that David Fisher with us on not just because he knows what he's talking about but because he's an integral part of the show after all these years brother in Christ and have the Holy Spirit that's helpful when were trying to work through all these crazy things. Anyway, Dave.

It's great to have Jan again, thanks so much for quite sure what why all Windows environment is happened this way. So, let's understand a lot.

So when stocks are falling like they have been people say on a woman have on the percent of my money in the market. So the polar money. A portion of it, or maybe more to the sideline and goes in the money market account when the money goes in the money market account that money market buys treasuries when the treasury is bought dollars are bought with massive amount of monies going into the dollar on any aspect any asset class. The market goes up, so that's what the dollars up so much this year because money is been sidetracked on the stock market towards cash. That's why "ministry as much in the next six months to go arising because now people are thinking about maybe it's undervalued today on CNBC to people who were analysts were being scolded by the interviewer, saying a month ago you told people to buy told people to buy in the positions you told people to buy a month ago.

Now you liquidating those trying to make people but just what the president any administration is saying that's opposite from reality saying that's opposite from reality.

Prognosticators are talking about how much the market is going to go up when it's bleeding like the were not at the bottom in this thing. All told, all of the spirit were at the bottom.

When I think were there. Not that I'm not sure but I think were getting close but there's unfortunately still more pain, but she was big moving in the dollar because a lot of people took their positions out on a long time ago. If you do have, and I still encourage you to get the money on the sidelines. Yeah, I mean it's it's that you know that's the question is been dancing about as I talk about the guy that helps us with our stock market stopped not to go outside, obviously, but stocks I know when you get back. And when you get back.

And when you get back in and we gotten very defensive in the last few months and at one point cost for us personally, I bet you we were 35, 40% in cash and you just got out.

You know when the winds are blowing like crazy. You pulled on the sale and bring the boat back into the harbor and that's and sometimes you have to do that. So what you think in terms of looking in the second half of your David that we might see the markets doing more downturn in stocks because recession Richard Kelly, head of the global strategy be securities stock guy shows more than 50%. Now chance of the economy falling into the recession. Another company investment firm merchant Mucinex and not to be confused with the guy says that were in a recession at some point, is not a matter of if but when Morgan Stanley is saying when we have this big rally in the dollar 11+ percent is likely 100% of the time, it may need major financial stress in the market and or a recession or both will happen.

Show right now.

Monday was the kickoff of running season 71 companies out of 500 companies of the S&P 500 issued what they think their earnings will be MLS 71 companies were all negative. So, wishing bad reports.

Goldman Sachs is coming out and saying quote on a blink of a rather severe recession." This is a stock brokerage company saying that if we going to recession it for stocks. That's not something that initially there were going to say but they are saying it, I could read all kinds of articles here's another diagram summers you saying once the CPI number broke up through 5%, which happens September last year that triggers the time 100% over the last 50 years, it triggers a recession so his story was proven, the facts are the technicals with facts saying that these guys are saying it's not. If we were recession, it's more like when, and how severe historical recessions last about 619 months so we haven't officially started 19 months from now pain. Now, what are our buddy Scott goes like the master of these financial one-liners. I think he's gonna look at these things Facebook best time to catch a falling knife is after it hits the floor another great one. Thank you DJ for that. So you mentioned that that in place. Not easy to CPI number so that came out today that was that was a rock 'n' roll attention grabbing headline this morning. 9.1% were since one 1981, and in recent ago. Yeah, we all come to know that, but the implications of it, and how is that filtering out into the real world with individual commodities and things that we buy house that affect this person makes Rachel Snell, 78% chance of the Fed going to raise rates at the end of this month is 30% chance three quarters of a point. There's a 30% chance percent of the stock market didn't like the CPI news assuaged down. Today I shoot down a lot more right after the news it was up about 1% and then it was down 2%, almost 3% downward swing after this news came out. Gold rallied optional gold is showing strength is headed is the buying administration is now taking on the flooring of criticism that hurt his foundation. We've talked about them before. Joel Griffin is the economic expert shows things are only going to get worse another because of all the government spending show calls for, unfortunately you will look at some individual increases in price over the last year year to year. Is there brutal and what the winters in a be here sooner than you know it. So with people meeting on stuff for a house by house, car, trying to get a car loan home loan and if you're paying attention. Hopefully you are. Unfortunately, it is what tons of Americans carrying credit card debt to make sure you're looking at that number. The APR number on your bill that's gonna show you what's going on is jacked that up so we got all kinds of things going on with the rates and then that's all tied to the Fed and what they decide to do with the rates which talk about next. Our good friend David Fisher dutiful money Monday because we both been traveled a lot last few weeks I here on a Wednesday Josh Ackley and Josh asked me earlier today. If you ever got the money Monday on the Wednesday before and I said probably just never once in a while I do billing time. I think we haven't done the money Monday is on Friday so will have to put that on the list and work our way around that we do whatever we need to do when were both busy and that's I appreciate your flexibility with all that David is always in your friendship and your expertise stage manager would be back which we reduce that's right in the government that's exactly right. Speaking of the Fed. I try not to upset so you mentioned earlier that the odds that the rates can go up another 75 basis points that that's been raising interest rates.

The big question is, and I think most people would agree they haven't didn't act fast enough.

There still not acting fast enough that to try to deal with that. But what can we expect with the rates and what second turnaround due to less. What's the deal with all that point next month, or maybe a 4%. Another three quarters in September. 3 1/2% by the end of the year can be used on the Fed by the way here in the second gross on King said on Monday.

The Fed should is ignorant, they should be raising rates ASAP to 3 1/2% right now. One of the richest guys in the world.

Second, the Jeffrey gonna lock so you know those bonds reflected what the Fed which really going on the economy with the Fed now the Fed has been called the beige book.

I commented on this before but everybody paid attention for things only a little bit technical. This is a report that is publicized by the Fed, this report.

The information is gathered is published five times a year.

The information is gathered by 12 Federal Reserve regional banks. They go in and interview people like business leaders, market experts, economists, lines of economy they interview them write the data in the present boastful banks presented to the chairman of the drone towel in the board and what happened in March of last year in the beige book report said inflation is here saying everything is going up going up the Fed came out and said no. No inflation. A complete lie close to the truth remain that stance for more than six months when all the data continuing the beige reports that came out consistently. After that, they said just the opposite report that's coming out just came out called the GGP now service reserve service and it is telling us economy is flatlining the second quarter, which means recession is here saying no recession on the new horizons live from what does this thing I'm pretty adamant don't listen to the Fed right now not telling the truth because the truth of the matters of the one to get inflation under control and should not be 1 1/2%, which is what is that now it should be 9% because that's the way you get the weights question under control get that number up to CPI number 8.69.1 now you gotta get up so close that number will make our country on the debt become completely installed so this is why the Fed is playing this game making themselves. They were to get this under control knowingly all can do so much to raise rates until they crash the economy crash the dollar crash before the financial system because people say the government can't pay this thing off anymore and it gives you and I'm not a doomsday trick a little but there's things that are happening right now that I never thought would happen in my lifetime.

Some news that's coming out big news articles big topics and so what I want to straddle the knife is going to be a painful process for the Fed for the government for citizens through this but it's going to unfortunately be very slick. The planet ran out of gas landed without crashing. Excessive happening right now really difficult and I listen to Glenn Beck this morning.

They played a pretty significant montage of all the time. Since Biden got in and it's old team there up the White House and the West Wing talk, no inflation, no inflation, no transitory transitory to be over soon below the level you next year be fine for next year and they were just lying through their teeth.

The whole time and it's good to know what the Fed beige book that that information is right there. It's in writing. It's not just some right wing wacko somewhere of hauling off on the Fed because Biden is in the White House. This is actually what they knew to be true and lied about this, really.

I'm not to say they owe the misapplied, but now they lied they lied and they know they lied and and they don't it doesn't matter to them anymore. They're just manipulating everybody all the time. You just mentioned other big news. Other types of subjects of another headline should we kinda be aware of and looking forward to come back in the final segment will talk about precious metals and gold what's gonna happen there and how we can use that to help ourselves for the break we have about three okay so announced a plan for pensions. $1.9 trillion American rescue plan because everything 97 billion of that is going to put a dozen pensions.

Hopefully I will read like this like a bucket of empty socket with waterless poor copper water in it. I miss California estimated $200 billion to me upside down within four years to build out. Here's another one is policing for the doomsday on July 22 what's happening Monday Russia turned off the pipe is going to Europe right now for 10 days maintenance. The fear is that on 22 July to turn it back on because adamant by this thing in the country, but on this so they might not turn the valve back on watch that big headlines that affect United States. Bloomberg news says is stationary for you and the Wall Street Journal said he would affect United States. Lee sees markets go down substantially the dollar it would affect everything because we have a global society. When the markets go down in Asia and Europe, the US markets are down to next topic so trying is wrong and beginning to chip away at the dollar dominance UBS asset management did a survey of all the central banks 85% of the central bank said in the survey. The box will and the Chinese were on not showing their goal to do this there selling dollars dollar holdings have dropped 63% in the same central banks that are buying the lawn. This is the top 30 central banks of the world and there was a recent fall even with this, there was a recent meeting, bricks which is four countries five countries. No Russia, China, and Brazil miss India and South America all have a currency they use now shooting pain in the head of China and Russia just meant they all had this big meeting June 6 that was, I believe, and they said we want to get this currency called bricks to the mall and we wanted to be used instead or alongside of the US dollar. So there's a big movement. Remember Sheila's announcement for dollar. Unfortunately, now I can say confidently, unfortunately, is in trouble. Yeah, that's something that were not in the mainstream media is not talking about that I've had any considered conservative media talking about a Chinese gun in the background comes up every once in a while I think about Taiwan, but in some covert stuff here and there but nobody's really talking about this openly.

This is kind of all brewing in the background talk about puts it together restricting you have to go to websites that are not mainstream news but I usually get this information. Maintenance news report on your program. I usually get one at three days before mainstream/reporting. It is not difficult. It is not a hot topic one others wanted me talk about but once you get more steam. It will be in mainstream news. John that's getting anything that's going to eventually supplant the power the dollars in affect us all as America increasingly is being taken down off of her pedestal and working have to get used to that.

That's just the other future. That's before us, but if you're in Christ like David and I and I hope you are and that's all temporary and we deal with it serious now, and it affects our neighbors. Now both here and around the world, but eventually we got to talk about this stuff at all.

Which of the awesome will all be together in heaven forever with me and David and hopefully you as well will be right want children to be with you and looking forward to finishing up our conversation David talk about the role of gold and all that would Vincent looking at the year as it is working halfway through. Now look at the second half the year for gold, precious metals, and then how we going to take advantage of that with with gold performing differently than what the markets doing as a hedge or like the ballast underneath the boat when the sales up above the water of the teeter totter.

As I like to mention every once in a while.

That's just diversifying and trying to have some some diversification to your account so we can have that conversation with David and then tomorrow you will be back with a theology Thursday with our good buddy Dr. Sam Horn is absolutely brilliant. Some excited to see what working to do there tomorrow and he'll let me know when he's writing a blog post for that so we can use that as the guide for tomorrow and Friday. My good friend Michelle Woodhouse will be in and she's just got she's getting some great guests come in and she's very well-connected so she's going to come in and in that'll be her first time behind the mic just like it was for Matthew Winslow did a great job so she's got a couple of great people come in and tomorrow.

One is on Friday.

The name of the book is in Trump's shadow by David David Drucker is just an incredibly gifted conservative political pendants communicator and author. He'll be great.

So he's on Friday as well as this one. This will be awesome to Peggy Grant who wrote the president will see you now. That was her memoir, my stories and lessons from Ronald Reagan's final year she was part of the Reagan administration sold that'll be awesome.

So that's can happen on Friday with Michelle Woodhouse and then will be back at it to be mostly me next week so I still like on summertime things can be a curveball here and there but will get back to normal schedule your next few weeks but today finishing up our conversation with our good friend David Fisher landmark is his website is always landmark Speaking of that, David. So what are we going to see gold do gold and silver precious metals in the second half of the year and then how can we use these things to our advantage, given how crazy the markets are with inflation and recession and anything else coming away talk about what a couple people are saying in reference to this about fax Goldman Sachs is the price targeting for gold at $2500 by the end of the year. Bloomberg intelligence is saying working have a flashback of gold to $2000 in the second half of 2022." A lot of other people index for gold, which is not gold, but just like there's different stocks out there alone I can go over all these products, but you will lose the dollar index. The NASDAQ. The S&P 500 index is not individual stocks has an index. It's the spot so the silver but that's not the physical market and there's different markets do different things. Here's a a weird fact. So's gold spot is down 5%, while it is a cold market that a lot of my clients have been getting into school.

The generic gold index.

That's 11.6% completely opposite of the paper index. Why because physical gold is being brought relentlessly. Right now I've had so many calls Monday Tuesday and today, with the goal of being sober at these levels. When people father much higher adding to the speaking of silver index is down almost 19%, but the physical market, a Morgan dollar market and investment has gone up by index year-to-date 6.5%. So opposite of the markets the physical markets of going up. Why supply and demand. The demand has been over the top supply is finite, you can make these certain products in their already been made and I'm not recommending certain products on the radio.

That's an individual choice. We do that with anything called the financial blueprint we go over that we will all the four different markets the benefits and drawbacks would explain what they are all based upon education as people perish for lack of knowledge and wisdom spiritually.

They also do that financially you on education empowering people about so we encourage people to we got investment packet.

We have a report on the bill and we think we're going to see fireplaces and gold and silver. But if you talk about my child self-serving on my part because I that's what I do is my career, but take me out of it every week and make some big moved by the UN and police use of these things like they shut down and oil we save a dollar short and be sold and we see the dollar being challenged with the wall and ordered the Russian room for all these other things that are up-and-coming. You will see the dollar taken fall collapse go down you will see a rise in Golden children, so we encourage people to get informed you I got a brand-new some YouTube videos one a. A couple weeks ago I got another one coming up another one right after that. So if you like what you doing today and want to hear more, go to YouTube type in landmark Finders short hearing about that you can learn about the bail and you can see how much money they printed it should.

That's just insane, but the nation's power, knowledge, and we encourage you to do that. Something about it is, is education really is the key and I think a lot of people David or just you know we can.

It's amazing what we get used to you like okay this is what I've always done and you know that I listen to Dave Ramsey and he just tells me to buy mutual funds and they got 10% every year, but you got for all that stuff out the door anymore because that's as old antiquated thinking and in you have to get educated with this letter you have a little or medium or a few people have a lot weren't very complicated and dangerous waters with more education is always the point. By the way, I just put the link up for the YouTube channel. The landmark Apple YouTube channel on Facebook live but if you just go YouTube or just put landmark capital YouTube in the Google search search box will pull it right up. But that's education and that is that the process that a lot of people go through David when they first contact you would like okay I don't really know anything about this, which is my story so they just get a start in the shallow end of the pool and go from there. Is that essentially what happens.

Same story almost everybody obstacles 90% of everybody as a contractor company and so we believe that we should start out with education so we want to call Michelle on a bike today. I tell him no packet. Let's learn about this, let's get you informed social process, not a difficult one, but you know you will never get on a bike with the writing a bike before and expect to know what a bike without actually telling you how do you crash shaving with the car. Same thing with the first time buying the home of the first time visitors. A lot of the first time buying gold. There's an element of fear just like buying stocks is like buying a home or anything or getting behind the will of the car goes away once you learn about it and if you follow through with what your spirit is saying I need to learn about this and if that makes sense your spirit. We should put some money into this news you need.

Talk your husband or wife so that you're in agreement and you're an imbalance in your follow through with more than likely your spirit is going to be right because it's the same mechanism I told you to buy eggs at the grocery store when you don't have it on your list but you by your follow through with that I needed home and your wife is on this site Artie took care of that honey, I thought the drawing. To do this. Some people call the Holy Spirit. I would send. That's what that is and so what your spirit is telling you I'm good people said my spirit told me I don't think I need any gold.

Only the: Apple I'm totally hundred percent. I've not found anybody that is called my company that said I'm not good talking with you anymore because it's not gold is not for me. This happened maybe in 28 years.

I can count on one hand but everybody no and we don't know cellular phone number chase you down any of that nonsense. No pressure will never be told, you need to buy gold or silver. That decision is yours. We believe in the relationship and education and investing is just as simple as this.

Looking into the future. Seeing how things will possibly change more than likely in moving your money accordingly portion of the seven portion to the aid because you do not know what tragedy may befall you in again these things, silver, gold, stock market, the economy in general, there is a history there that you can look at okay we know the factors and slugged factors and you can kinda see where things are going see what happens in the past and so that's part of it as well. There's a lot that and it's not and it wasn't nearly as complicated as I expected to be Catherine on Facebook live in a good basic there's a really good basic question do you get physical gold through the mail everybody through the mail. We have a FedEx account corporate account.

We have insurance are responsible for. You get it you sign for you.

You'll get an email from FedEx is your tracking. They don't know your score.

Sending you how could we send it and aren't our name my name in Miriam's name is on it, not landmark. Capital shows totally private know Brinks truck comes with wet rice and flashing results today. Yeah dollars. We send out every year the same way. We've never had a package get lost.

Never been an issue hundred percent. You can rollover your 401(k) rollover array also have physical gold so we can talk about that to. I encourage you to call my company because the facts are the facts we are going to have a recession.

The Fed can fix this we governments spending money and this is turning into a mess before gets better and the less likely the biggest problem in our life. So you mentioned just calling a people get more information. How do they do that again for 2575 again 604575 excellent, thank you my friend. As always great to have you on think you for sharing with us and helping to educate us was afforded talking to you next week on Monday.

Be back to normal children. My brother and me. You're welcome. Have a great week will talk to you real soon.

David Fisher excellent and helpful as always landmark this is Steve Noble and Steve Noble shall, God willing.

I talked again real soon.

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