Dr Tom Barrett US Dollar now a Commodity Investment Grade Gold 072221

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Tell that to the Lego man indictment where they confessed that a low-level FBI agent lied on the report about January 6th. All right, my guest coming up right now, he is our expert on financial issues, financial investment, but in particular on investment-grade gold, and we really encourage you to get signed up at chosengold.com, chosengold.com, and help protect your assets. Christian Financial Concepts is a 40-plus-year-old organization, and my next guest is the president and founder, Dr. Tom Barrett. Dr. Barrett, welcome, good to have you.

Dr. Barrett I'll talk with you today. It's a beautiful day in the beautiful world that the Lord has given us. Amen. And I'm blessed.

Somebody asked me the day how I was, I said, I'm too blessed to be stressed, and just considering all the things that are out there that would tend to stress us out, I think that's pretty good. Agreed. I've been doing a lot of thinking about the money supply, and I know that that's not really an exciting topic. A lot of people, you talk about the M3, the M1, the money supply in general, and their eyes glaze over, and they look at you like they're listening to you, but they're thinking about their trip to Hawaii, I mean, they're just not there anymore. But it's so important to know what's happening, if we don't really get a handle on the way our money is handled, both the real money and the fake money, then we're in serious trouble in this country. The money supply has gone up 30%, mainly as a result of the tremendous, unprecedented spending that the Biden administration has been doing, and you say, well, for what?

There's more money. Well, it depends on what money is. Until 1933, money was gold, and gold was money. As a matter of fact, not just until 1933 from the beginning of a recorded time, until 1933.

So that's a pretty long period of time, over 6,000 years. But in just the last couple of generations, the politicians and the bankers have convinced us that toilet paper, the Federal Reserve's notes are money, but they're not. We stopped having money when we went off the gold standard, so what difference does that make? A commodity is anything that you could just create more of at will, and if you create too much of it, it decreases the value of it, right? I'll be speaking in one of these Christophine Interconferences, and there are several big thousand people out there, and I'll say, our money is becoming worth less and less, and eventually it's going to become, and I just stop, and everybody hollers out, worth less.

So they get the big concept, but I don't think that people really understand what that means. Can you just produce all the gold you want to? No, gold is a finite object. There is only so much gold to be circulated, period. I mean, I suppose, I don't know, Tom, there are still gold miners who are mining for gold, but I don't know how much more of that exists, but you can't produce it.

It is the finite amount that it is. Yes. On a side note, the Chinese are doing that. One of the favorite themes of both fictional and factual books over the years has been alchemy, right? How can you turn something into gold, like lead, into gold? Well, the Chinese have figured out how to do it. They're producing millions and millions of particularly bullion gold pieces that are made out of tungsten, which has the same specific gravity as gold. That's been one of the ways that you can quickly and easily determine if something is gold is just by its weight holding your hand, if you know what you're doing. But tungsten, being so close in weight to gold, all they have to do is coat it with a little gold, and they fool some very expert people, but that's the side issue. They're not really creating gold, they're just creating fakes. I will say, be very, very careful who you buy gold from, because some top gold dealers had been fooled by the Chinese fakes. Back to the commodity issue, everybody considers gold a commodity, so if you look at a commodity index, it's right in there with orange juice and copper and pork bellies, whatever pork bellies are, I'm not really sure, but I always see them quoted, right? But there's an index called Commodities X Gold, that was taking gold out, and when you do that and compare the charts of all the commodities to a chart of gold, most often you'll see them heading in different directions.

That's one real good indicator, but the other is the one that you mentioned, the fact that gold is finite, so you can't make any more gold, you can't create any more. You can mine more, but I have a video on Christian financial concepts called The Only Money God Ever Made, and here's a clue, it was a Federal Reserve Notes ever since 1933, yeah, ever since 1933 they've been making more and more and more of it, and whenever you create more of something, then if there's not enough demand for it, the price is gonna drop pretty precipitously. So that's what's happening, Biden is producing trillions and trillions of dollars worth of money, it's not really money, it's currency. But by doing that, it's becoming worth less and less for a number of years.

I can speak to that because we help, we have our India ministry that we do, if you listen regularly you know that I talk about what we're doing in India, by the way, this past Saturday we had 70 salvations and 30 miracle healings at our meeting in India, we had over 100 people, we fed about 50 families, which a family group is anywhere from four to six, so we fed over 3,000 people with groceries that will feed them for at least close to a month. All that being said, we send funds to them, and of course there's a conversion rate. When Biden took office, that conversion rate, $1 got you 74 rupees, now $1 gets you 72 rupees, and that's in six months, Tom, in six months.

That's a lot, that's a lot. We're gonna see that type of thing happening worldwide, including the United States, see we've been largely insulated by the fact that we're the world reserve currency and the fact that we can print more and more money and so on, and so although everybody's talking about inflation, everybody's talking about how much more things are costing them today, they don't really realize the import of it, what it's gonna mean is that the dollar's gonna drop from 96% inflation to 97 to 98, and then you don't have much farther you can go, so basically gold is real money, the paper money is a commodity, and that's where the danger is. Alright, we're gonna take a quick break, folks, when we come back, more insight into what's happening with your money, and more importantly, how can you protect yourself, how can you protect your current assets, what can you convert them into, we'll talk, it's not what you think.

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For the best night's sleep in the whole wide world, visit MyPillow.com. Did you know you can do your tithing and love offering right from your computer? Visit www.PastorGregYoung.org to support Chosen Generation and make a tax deductible donation. Now back to Chosen Generation with Pastor Greg. And welcome back to Chosen Generation Radio. I'm your host, Pastor Greg, and my guest is Dr. Tom Barrett, Christian Financial Concepts.

And you can find him also by signing up, filling out the form at chosengold.com, chosengold.com. And Dr. Tom, why would people want to fill out that form? What would be the incentive for doing that? Well, if they want to be able to eat and have a roof over their head when the dollar crashes, that would be one really good motivator.

Which is, the Bible says when you go into battle, you need to know your enemy. Well, in the case of not just investing, which is basically managing and stewarding the assets God has given you, then knowing your enemy is knowing and understanding inflation. And when you understand inflation, you know that gold is really the only answer for that. So I would really encourage everybody to do that because what we were talking about before, as they spend more and more money, your money becomes worth less and less.

You'll have a lot more of it. I mean, there's more millionaires today, by far, than any other time in history, but a lot of those millionaires are barely getting by. I say that because he's sleeping, you know, all right, but why not gold coins, Tom?

It used to be. Yeah, but Dr. Tom, why not gold bullion? I mean, that's great. Okay, so I'm going to go buy gold, I'm going to go look online, and I'm going to find the best deal that I can, and I'm going to buy a bunch of gold bullion.

Why not that? Well, do you have fire insurance on your house, Pastor Greg? Well, yeah, I imagine that I do. I've got a homeowner's policy. Okay, and did your house burn down last year?

No, it did not. And did you call the insurance company and say, hey, when you're going to send me a check for the return on my investment, I've been sending you checks every month or every quarter on this investment in fire insurance? They told me I needed to wait until the house burned down. Basically, the money you paid was a premium on insurance against fire or whatever. That's what bullion is. Bullion is great for 3,000 years, it's the only asset class in the world that can make this claim.

It has not dropped once, how many stocks have gone bankrupt, and that's where people have 90% of their money, other than their home, even the biggest stock company in the world, General Motors, went bankrupt. So that's what bullion is, it's great to protect assets, but there's three things that God tells us in the world, three major things that we're supposed to do regarding our money. A, diversify, don't kill all your eggs in one basket, B, grow that money for the kingdom of God, and C, invest it safely.

So investment grade gold allows you to do that second one, which is to grow the money. So that's why they want to go to chosengold.com and fill that out. By the way, can I make a shameless plug for the Bible College? Yes, 30 seconds. Just for a brief folks, if you've ever wanted to go to Bible College, you can now do it from home.

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