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August 30, 2019 8:00 pm
Those Christians should think again because finance, economics, trade, business, manufacturing, consumption, debt, and currency are geo-political drivers that greatly impact all of us...
Understanding financial signs of the times that his topic will discuss today right here on the Christian worldview radio program with the mission is to sharpen the biblical worldview of Christian and to share the good news that all people can be reconciled to God instance of sin faith in Jesus Christ. I did with the host your website is the Christian.or is all too common for Christians to hear talk of financial issues and simply just tune out some would say it's too earthly minded are too complex to understand or doesn't have much relevance to the Christian life.
But those who think that should think again because of finance and economics and trade, and business of manufacturing consumption and debt and currency. Those are geopolitical drivers that greatly impact all of us. So as we commemorate Labor Day weekend in America.
Dan Celia Pres. and host a financial issues stewardship ministries joins us to discuss some of the most pressing financial questions of our day will the Social Security system continue to pay out his Medicare for all the solution to healthcare quality and cost. What is the danger of the US being $22 trillion in debt doing business with China.
If you listen closely you can to be surprised how our financial trajectory may be taking us straight toward biblical end times, prophetic events. Here's the first segment of the interview with Dan Celia Dan. It's great to have you back on the Christian real view you've been coming on this program for many years but we have. I'm sure some new listeners since you were last on the program and I'm just going to give a little bit of your background and let you explain more. It says that you work for 35 years as as an entrepreneur and businessman started eight corporations and cofounded to others and then back in 1999 says 20 years ago you sold your trust company that you were managing nearly close to $1 billion to go into ministry and now you host the program financial issues, which is on hundreds of television stations across the country and can be seen around the world.
But aside from that I thought was very touching in your bio aside from being married to Yvonne and having two daughters. You say my greatest blessings worth talking about have been coming to the saving knowledge of Jesus Christ.
As a result of Charles Stanley's ministry, your marriage, children, grandchildren receiving your second Masters degree in theology being ordained in 2001 in your service in the military from 1971 to 1977 you say. Beyond that, the rest is insignificant and that you have a foundation verse for your ministry called financial issues and is from first Corinthians 4 verses one into it says let a man so consider us as servants of Christ and stewards of the mysteries of God. Moreover it is required in stewards that one be found faithful and adjusted great passage of Scripture tell us what you mean about that verse and how it relates to financial issues and tells more about financial issues as well. Within the first of all it is such a joy to be back with you and I appreciate the work you do for the kingdom in your program. It always has seemed to me that the adverse auto be included at the end of chapter 3 is it, as opposed to the starting of chapter 4 because after of incredible discourse that Paul gives Paul is saying okay now that you all understand the gospel of Jesus Christ. We have a stewardship responsibility for the sacred mysteries of God in the sacred mysteries of God is the gospel of Jesus Christ and we have a stewardship responsibility for the sacred mysteries of God. It it helped me realize and understand and and to hopefully communicate to people that were living in a dream world. If we think that we can be a two word. A good manager. A good steward of anything, let alone our money if we aren't first standing firmly upon the sacred mysteries of God.
If we aren't first understanding that we have a responsibility as believers to be a good steward of the gospel.
What is important is that we put that first before all things in our stewardship.
Whether it's to be a good steward of the our time are opportunities the gifts God has given us our talents, our finances are money.
Why can't be a missionary. Now I can't be a pastor now, but I can make sure that I use the finances the resources God has given me for the proclamation of the gospel of Jesus Christ. It's our responsibility as instruments of God to keep the church doors open. It's our responsibility to keep the great missions ministries program of the truth that is standing upon Christ to keep those going and we do that with our finances are ministry is based on try to teach people to honor God with their money with their investments in particular that you understand their work, the economy and how it can impact that to understand even some of the politics of economics and the politics as it as it would be to help us to honor God and to praise God and to protect the freedoms. To do that. Dan Celia with us today. He's the president of financial issues, stewardship ministries, you can sign up for their free email I get it every week financial issues.org is the website Dan I want to get into a article that was written in commentary magazine this past spring in April by a man named Noah Rothman. I don't know him. I know he's has a conservative outlook in life, but he wrote an article entitled what the debt crisis will look like a subtitle preparing for the worst. I want to go through and just read a couple paragraphs during our interview today and have you, and some of the things he brings out in his column. The first is about Social Security. He says the financial outlook for America's strained entitlement programs grew worse on Monday again back in April for the first time since 1982 Social Security's trustees announced that the programs ballooning costs are expected to exceed the revenue it takes in. By 2020. Perversely this was welcomed as good news since that redline was supposed to be crossed two years ago in late 2018. As last year, I guess, but was delayed as more people entered the labor market, but the good news ends there in 2035 in the year 2035, just 16 years from now. Social Security's funds will be insufficient to meet its obligations to talk about Social Security briefly Medicare and then get into the national debt will start out with Social Security workers paid into this. How can it be running out of money for a payout now. Well first of all, David, it's been used as the personal piggy bank of Congress for many many years and what the Social Security treasure chest is filled with are things called intergovernmental notes.
Basically, IOUs and none of these IOUs have ever been made good in the Social Security trust fund is been used for numerous things in the government that have nothing to do with the health of Social Security and of itself. Social Security is the easiest thing in the country to fix fiber King of the world for a day.
The very first thing I would do is stand 20 minutes and fix Social Security. But Capitol Hill has it in their mind that that is such a fire re-third rail of politics that it is far better for them to leave it alone and when it goes bankrupt, then they will rush in his heroes and fix it the fix is a simple as changing a few of the calculations.
For instance, if you change by four months. The amount of time that someone has to wait to start receiving Social Security. It changes the fund by billions of dollars. Four months that was proposed by Paul Ryan when he came in and people went nuts. They couldn't believe there would have to wait four more months for the future of Social Security.
If you change the actuarial calculation by changing it on another four months for those that are 55 and younger. It almost gets totally fixed and none of that include what is very necessary and should be done is handing over the Social Security trust fund to at least half of it should be just as a responsible thing to do to a the very same people that are managing the largest retirement benefit programs in the world and say manage this for a return of 4 1/2% as opposed to 2%. Out of all the things that need to be fixed.
That's the saddest because it is very easy to famous Dan Celia with us today here on the Christian will view the president of financial issues, stewardship ministries, their website is financial issues.org, let's move over to Medicare from this article by Noah Rothman, the prospects for America's largest entitlement program Medicare are no rosier Social Security that programs hospital insurance fund will run aground as early as 2026 and unlike the situation was Social Security, Medicare's trustees found that increased tax revenue has not altered its doomed trajectory.
So another piece of bad news here with Medicare that things are going to be going south with that program is as well and not too many years in the future. So what is this quote Medicare for all plan that's being touted by all these Democrat candidates and how would that be paying for and change the current trajectory, Medicare well it's not going to change the current trajectory, and it's going to increase taxes dramatically. But here's the problem with it you can increase taxes enough to pay for it would be impossible to pay for that and continue the other programs particular the other programs that they are putting forth the very same time Medicare. I will say is a little bit more difficult to fix, but what we have done in the government. If we who it is.
We made it more difficult than it already was. By turning so much control to Medicare over to the government and to insurance companies which are acting like big governments so if we could get rid of the fraud alone if we could begin to get the medical system back into the hands of competitive private markets. I think Medicare can be saved fairly easy.
But here's how it's being saved right now are being perceived to be in saved to add a few more years to it. Pres. Obama said the year before he left office.
You are listening to an interview with Dan Celia today here on the Christian world you. He will explain after this first break of the day what Pres. Obama did during his administration with regard to Medicare, so stay too much more coming up radio program. The next Christian worldview speakers is on Sunday, September 15 at 7 PM at Grace Church Eden Prairie features Darrell Harrison presenting on how social justice impacts the gospel in the church there was a former fellow of the black theology leadership Princeton theological seminary and expository Bible teacher. He has a passion for helping Christians understand what they believe and why. He'll do just that with the issue of social justice, followed by a Q&A moderated by host no cost. No registration just come. The event will also be live streamed on the Christian worldview Facebook for more information: one 646-2233 or visit Christian world.org the Christian will be a speaker series with Darrell Harrison Sunday, September 15 at 7 PM at Grace Church and: one 646-2233 or visit Christian.org, the prosperity gospel is a prominent false gospel that God offers health, wealth and prosperity. If you just have faith and give money costing him grew up on the inside of the prosperity gospel movement. His uncle is world renowned prosperity preacher Benny in custody sought all the manipulation staged healings, luxuriant lifestyles and perversion of Scripture before God open because these guys to understand sound doctrine and believe in the true gospel. Now a pastor cost. He has written an important book entitled God read in the prosperity gospel which chronicles his own experience and gracefully points the reader to the truth of Scripture for limited time you can order this 224 page softcover book or donation of any amount to the Christian world you normal retailers 1799. Without shipping to order call 1888 646-2233 or visit the Christian were.org. We are two weeks away from our two events coming up in mid-September.
The speaker series event on social justice, hope you're planning on coming to some folks with you that's no cost. No registration Sunday, September 15 7 PM Grace Church, Eden Prairie, Darrell Harrison very much looking forward to that in the next day, September 16 is the golf and dinner event registration. By the way for that is this coming Tuesday, the day after Labor Day, so make sure you you get registered if you haven't done so already today and the program are talking about understanding financial signs of the times with Dan Celia was get back to the interviewer is talking with the sleight-of-hand that took place during the Obama administration with regards to Medicare, but here's how it's being saved right now are being perceived to be in saved to add a few more years to it. Pres. Obama said the year before he left office that we in America. This is in his last State of the Union speech, he said we are paying less money in healthcare than we have ever paid before and he framed it in such a way that it made it sound like the way he was talking about was the American were the American people because of Obama care, but the we that he was referring to was the federal government. He was accurate. The federal government was spending less. There were spending less because they were sacrificing good practices for the people receiving Medicare. I'll give you one example my wife before she retired. She was still working. She's a nurse. She worked in a skilled nursing facility at attached to a major hospital in Philadelphia for 30 years and at the time she because of all the new rule changes in the state of Pennsylvania and the federal government required that all of the submissions for chair that were being submitted to Medicare, Medicaid had to be side off by an RN and she was the only RN on the floor. She said I'm not signing off on that unless I'm doing the work.
The paperwork because you can put anything down. I must sign off in somebody else's work. Long story short, was she ended up being the administrator that was actually doing all the paperwork they would send a person that had a stroke to physical therapy or occupational therapy and I would send that person to therapy every morning and every evening or afternoon and they would go to physical therapy. There would be wheeled down and they would go through fairly intensive as much as they could take for 15 minutes to 1/2 an hour. Hopefully if they could make it a half-hour and it would grow. It would be a one on one very intense thing. By the time she left. They only had one physical therapist for a group sitting in a circle of about 10 or 12 and it was once a day and they got about two minutes of physical therapy apiece and that's how dramatically you changed and then they would say these people have not improved. So on Medicare if you don't have improvement. They stop paying. So Yvonne would argue, of course, they didn't improve.
They didn't get physical therapy. How can they improve that saved the government billions and billions of dollars but people that were still healthy otherwise and could still be if they were given the opportunity, productive citizens, they don't have a chance to do that anymore.
Now it's gotten worse since then there are the kinds of things that we are now doing in a greater way to save the government cost, thereby adding so-called time on and what we have done.
I support this president. I support this administration. But I disagree on one thing that that hasn't happened yet. So Pres. Obama started before he left office bribing that's what it was.
It's called a subsidy. It was a bribe. He had to bribe major insurance companies to get into the Obama care exchanges because they didn't want to do because they knew they could make a money so we gave them money billions of dollars going out to private insurance companies for them to be in the exchanges private insurance companies used to work David on a margin of about 3% there, making 18% today and giving no care for that and are in a position to deny care and to cast judgment on whether care should be given. We live in a a a market system that is based on competition or was based on competition and survival of those that are efficient and effective and was given that up and the insurance companies along with their governor counterparts are now together in making decisions that is saving a little bit of Medicare for the government and making a lot of money for insurance companies. This system has to get fixed and it can't get fixed until there is a group of politicians that say this is not good for America. It's not good for free-market economies.
It's not good for competition, and most importantly it's not good for the health and welfare of our citizens and that's what's got a happen and I don't know that that's a possibility that's that's very troubling.
Dan Celia with us today in the Christian real view, the president of financial issues. Stewardship ministries were talking about various financial issues taking place in our country today from Social Security to Medicare analysis get to a really the one that I'm most interested in asking about is I just don't know where all this is going through the national debt $20 trillion national debt.
A minute read another paragraph from Noah Rothman's column in commentary magazine, which we have link on our website the Christian real.org it says according to last year's estimate from the Congressional budget office or CBO, the federal debt which is currently equivalent to 78% of US gross domestic product will reach 100% of GDP in 2028 that projection rest on several assumptions among them that there will be no new federal spending initiatives, wars or recessions in a projected decline in defense spending all of this is to say the least, unlikely Americans know that a debt crisis is coming and they do not care in 2005 George W. Bush outlined a major initiative to reform Social Security that would introduce secured in individual investments in the system stabilizing the program then rendering it financially sustainable. The effort failed. Then he goes on to say in 2012 with Mitt Romney and Paul Ryan try to do. They were defeated in 2016. Donald Trump explicitly ran against conservative efforts to rein in entitlement spending, promising only to save those programs by curtailing fraud, waste and abuse and he won the presidency.
So my question for you.
Dan is at what point does this growing debt that we have $20 trillion national debt to other countries around the world borrowing money. When does that have to be addressed. What will happen if it isn't addressed and how can it be addressed. It has to be addressed for certain by around 2012 so we missed it with but also the fastest yeah so is a huge, huge problems by rolling very quickly. I can imagine us at this point making it to 2028. I think were going to have $22 trillion worth of debt by the end of next year.
He doesn't go into this in the article, but according to my calculations, and research. We are about hundred and 1% debt to GDP ratios right now. When you factor in some other other other factors that somewhat are you might not be related to GDP, but they are certainly are related to government spending, Congress is been sold. This bill of goods. The lobbyists and special interest groups and others have gone to Congress over the years and said hey look, more debt is a natural part of a growing economy.
Debt is something that is needed in any business or any government or any economy in order to grow. There's always going to be debt there some truth to that, I wouldn't deny rights they have said look at Japan.
Japan is 305th D times debt to GDP ratio they're doing just fine China is close to 500 is probably more than that now 500 debt to GDP ratios and that they're doing just fine and everybody says yeah you know what were bigger than China were bigger than Japan.
We have a thriving economy. A strong dollar with that. Every thing going for as we got so much more going for his than they do. Shortly if they can do just fine with all that soaking way, here's the problem. It is totally irrational to compare a consumer driven economy like America to an export driven economy like Japan and China, Japan and China actually benefit from trashing their currency. They benefit from that.
That's a good thing for them. They don't care if they have a strong dollar. They don't care if they're barely getting by dental care if they have stagnation, it actually helps them because it makes them more competitive and if they're not competitive.
They really have problems because they're depended upon selling the goods that are being made in their country so that they can keep people employed and keep the economy going.
We aren't in that situation. Understanding financial signs of the times. Our guest is Dan Celia, the host of financial issues television program financial financial issues.org is the website much more coming up with this on the Christian real, you're invited to the Christian world you go on Monday, September 16 that would Hill country club was at a Minnesota golf registration includes 18 holes with card best courses in the state with lunch and dinner. Bring your own force.
We can fit you into whole sponsorships are also dinner event description includes a meeting agreed on one wonderful meal a message by hosting a live interview with special guest Darrell Harrison the Fellowship content and settings combined to make this a memorable event in support of the Christian worldview writing program. We hope you can come again. The Christian world you golf and dinner event is on Monday, September 16 would Hill was registration deadline is Tuesday, September 3 for details and registration: one AAA 646-2233 or visit the Christian.org one AAA 646-2233 the Christian world.
The mission of the Christian world is to sharpen the biblical worldview of Christians and to share the good news that all people can be reconciled to God through Jesus Christ for when Christians have a stronger faith. And when unbelievers come to saving faith lives and families and churches, even communities are change for the glory of God. The Christian world you as a listener supported ministry. You can help us in our mission to impact hearts and minds by making a donation of any amount or becoming a monthly partner.
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In other words, you tune in at minute one and you tune out the programs over you probably been hearing is talking about the two events we have coming up and wondering what we talk about them so much to repeat ourselves well not everyone listens like you will some people tune in for 10 minutes. There 10 minutes. There missed one week. Tune in three weeks later so just to those people who listen like that. We want to mention that the you haven't heard about a speaker series event coming up on September 15. We love you to come the registration no cost event is on social justice 7 PM September 15 it's a Sunday evening Grace Church, Eden Prairie, Darrell Harrison is coming in town from California should be a very good event.
The next day is her golf and dinner event annual event September 16 that would Hill after register by September 3, though for that event. And that's always a very enjoyable event as well okay today in the program. Understanding financial signs of the times is Labor Day weekend. Good time to talk about these financial issues with Dan Celia. I guess he host a program in a ministry called financial issues. Let's get back to the interviewer. He's talking about our enormous national debt.
They don't care if they have a strong dollar.
They don't care if they're barely getting by little care if they have stagnation, it actually helps them because it makes them more competitive and if they're not competitive. They really have problems because they're depended upon selling the goods that are being made in their country so that they can keep people employed and keep their economy going. We aren't in that situation, 71 to 75% of our economy is based on you and I buying stuff is very different than those economies, but nobody in Congress has ever stood up and say about comparing the two. There is no comparison.
Just from that aspect alone. There's other aspects in the sense that particularly in China.
They have a lot more leeway to manipulate currencies and different things than than we do.
It is a huge problem.
All this talk since 2010 11 about us cutting interest rates and keeping interest rates low is for two reasons, and it still is today.
It's not for any other reasons I will tell you with a great deal of certainty that Sec. of treasurer Stephen Nguyen is in Donald Trump's ear on a very regular basis saying if you don't do anything else you need to make sure that our interest rates don't talk a lot because frankly we can afford it were never going to get ahead of the deficit. If we have interest rates going up because it's costing us so much money to service our debt. Japan alone. Japan, their number one expense for the government of Japan is interest on their debt rates are number one expense is not the military.
It's not any kind of entitlement programs is interesting is his number one expense.
If we see interest rates and normalize now the Fed would say normalizations about three 3 1/4 saw me just because I'm looking from a historical standpoint. Normalization is more like four and 4 1/4 at four and 4 1/4 at the rate we're going, we will spend $1 trillion a year adding to our national debt on interest to service the national debt.
Remember we are depended upon consumers buying stuff. So if you add on the recessionary problems that that could cause were not going to have as many consumers as we have today that are confident about spending money into the economy and that's going to exacerbate the problem. What is the endgame them of having this much debt does it ever come to change the very nature of our existence here in this country does well. Several things could be the endgame, the endgame, which is not too likely an under this administration. So I wrote an article back in 2009 that talked about the end times.
We know how the story ends the end times are going to be ushered in by a one world currency, and that will usher in the one world government because it's going to be so easy to accomplish one world government.
Once the currency is united.
I think that one of the scenarios would be if the we and you combine our currency. We have a one world currency. We pull together our debt and we pull together or look at it and compare our combined GDP. Our debt to GDP ratio is going to be dramatically lower, thereby our currency will become stronger will have a stronger currency and a week and get all of northern Europe to come along with us and we can get all of Eastern Europe to come in with us if we could start talking to Brazil and other parts of the world and Indonesia and the far Pacific rim of New Zealand and and and Australia. We start building a coalition of currency. Then that can go a long way for our combined debt to GDP ratios and were all going to be just fine while sex so that would that's a scary thought. I have no and so that could be a scenario again, not under this administration highly unlikely.
And this is this is why the global list hate this president so much, because they had made so much headway over the last five years before this presidency happened, they just can't stand the thoughts of going backwards. There was some talk about going back on the gold standard.
Well, yes we should have never gone off the gold standard to go on the gold standard now is an impossibility in my opinion, now could we go on some sort of commodity-based backing of the dollar. I think we probably could, and I would be a wonderful thing, but that can happen without two things happening in one of two things happening first one would have to be a major devaluation of our currency, Secretary of State, the treasury present Trump somebody goes on the present United States goes on the air and says I won't wake up tomorrow are dollar is going to be the equivalent of $0.68 just pick out this for cancer numbers and and have a devaluation of you will say well that's that'll know that I will be so bad known in a way to minute your your pay is evaluated. Everything you do is evaluate you again.
You don't gain anything by doing the other thing that you could do is we could have massive inflation. Jimmy Carter, they wanted to inflate our way out of the recession.
What that means is we create inflation is never worked and never will work. The notion of creating inflation. Once you let that horse out of the barn. The notion that you going around the back cover easily and settle down is is impossible and we saw that in that administration.
What happens during inflation.
David is we have GDP say it's 50 it's all more. This misstates $15 trillion. Our GDP if we have inflation. What happens to the goods and services in GDP. They don't price right so that 15 trillion concerning the 18 trillion, and we haven't sold one more thing were produced. One more thing so they debt ratio now to GDP is lowered and it gives the illusion atrocities only allusion gives an allusion that we are coming out of this with the notion that it really will get better and take care of itself because it's going to it's going to create an enthusiasm and optimism about the American currency in the American economy that people and companies will actually begin to grow and expand, and then that allusion will become reality. It's never worked and it's never going to work right. That is another scenario, but I'd like to believe that it's almost impossible to happen with good leadership and that is me being I hope not overly optimistic, but believing that at some point in time there is gotta be enough.
That is going to wake up and say I may not get elected next time, but we've got a fix this problem.
Dan Celia with us again today on the Christian rule you talking about financial issues and that's the name of his stewardship ministries financial issues.org is the website. I believe the country that holds most of our debt is China.
Is that correct. The country yes okay not the largest debt holder. The largest debtholders the Federal Reserve they have almost 4 trillion, China has 11.1 trillion okay so my question is, in this age of social justice where everyone decries the fact that in America the racism, the sexism the oppression going on and so forth and were looking for fair trade coffee and so forth. This kind of worried about the sum of these social issues that people many cases concoct as were some oppressive country. Why then is there no outcry against doing business in China and other words American companies producing their goods in China for one reason alone because labor is cheaper there. So, than the product can be brought back into American you can buy your iPhone for $1000 instead of what it would be if I guess were produced here for $5000.
Correct me if I'm wrong in this reasoning, but were injecting money into China by extension were then supporting underpaid labor. There maybe even in some cases slave labor. The countries ruled by Communists. There are very there's very little individual liberties there like freedom of religion, freedom of speech that we enjoy here in America all for cheaper products that we can bind America you sever consumer society. Why should American companies be doing business in China and wiser so little outcry against the reason, indeed, why is there so little outcry against the social huge injustices going on in China versus the relatively insignificant ones here in America. Dan Celia will answer that question after this final break of the day here on the Christian world. Your radio program as we talk about understanding financial signs of the times. The next Christian worldview speakers is on Sunday, September 15 at 7 PM at Grace Church Eden Prairie. It features Darrell Harrison presenting on how social justice impacts the gospel and the church. There was a former fellow of the black theology leadership Princeton theological seminary expository Bible teacher.
He has a passion for helping Christians what they believe and why.
He'll do just that with the issue of social justice, followed by a Q&A moderated by host no cost. No registration just come. The event will also be live streamed on the Christian will Facebook for more information: one 646-2230 or visit Christian world.org the Christian will be a speaker series with Darrell Harrison Sunday, September 15 at 7 PM at Grace Church and Cohen one 646-2233 or visit Christian world.org the prosperity gospel is a prominent false gospel that God offers health, wealth and prosperity. If you just have faith and give money costing can crew up on the inside of the prosperity gospel movement. His uncle is world renowned prosperity preacher Benny in custody sought all the manipulation staged healings, luxuriant lifestyles and perversion of Scripture before God open because these guys to understand sound doctrine and believe in the true gospel. Now a pastor cost. He has written an important book entitled God read in the prosperity gospel which chronicled his own experience and gracefully points the reader to the truth of Scripture for limited time you can order this 224 page softcover book for donation of any amount to the Christian world you normal retailers 1799.
Without shipping to order: 1888 646-2233 or visit the Christian were.org this Labor Day weekend here on the Christian world view radio program were dealing with some issues relating to economics and labor deaths and so forth financial issues here on the program. Our guest is Dan Celia Eiland, president of financial issues, stewardship industries has a television program by that same name. You can find out more financial issues.org. Let's get that back to the final segment with Dan Celia.
Why should American companies be doing business in China and wiser so little outcry against the reason why were there. I agree with everything you say and the premise that why are we doing this. This is an oppressive communist regime that frankly will have very little impact on our economy, they might have an impact on the economy of some manufacturing but you know David in the last three years.
40% of companies have moved out of China and that ended that is been picking up in dramatic fashion. Because of this so-called trade war companies are panicking.
My hope is that Pres. Trump sticks to his guns on this and does not compromise I'd I believe this is been long overdue is going to bring some manufacturing here, but it's also going to take manufacturing to other countries that we can give a leg up to by going to some of these other countries that are paying decent wages and have great environments in their in their workforce and bring some of it back to America. Corporate America has learned over the last 30 years because things have changed so much that America is still the most productive country in the world are people of the most productive people in the world. And yes, you can go to China and the higher 300 people to do something that you can do with 30 people in some automation and systems here.
The other thing that you have here are Toyota Volkswagen BMW have all learned of this that we have not only a productive workforce.
We have ingenuity that is still amazing from her compared other places around the world. We have something very important corporate corporations. We have an on interrupted flow of energy that may not sound like much, but it's critically important for these businesses and these businesses working in areas of the world where your electricity could get shut off for three hours in the middle of the night pays a huge toll the import and export cost have gone up dramatically so for them to send some materials to China. The furniture in his industry is learning this very, very, they learned it very quickly to send things to China to make it up and then send it back here is starting to outweigh any cost savings and the actual manufacture. So I think it is beginning to change and I think with the right leadership in Washington is going to change. I really do. I don't know that I'm in the camp that all these companies want to come here America I don't think that's gonna happen. I do believe we don't need to be supporting this communist regime like were doing China wakes up every morning. David, that one thing on her mind. We gotta put a million people to work every day. If they don't keep their population just barely fade with the job. Eventually the going to have a revolt and they know that and they fear that every morning the other thing is, I've been totally against this notion that we've got a regulate China to not steal, and pirate our technology. First of all, were not to be able to do it.
They don't have research development in China.
They only have reverse engineering so they have that is how they survive and if we have corporate America that is not astute enough that is greedy enough to say all I want to do is reach that market share of those billions of people and I'm willing to give up all of our secrets to do that then shame on and they need to fail. It is not the government's place to try to stop that and fix it. It is corporations place to say you know what I don't care about getting that market share. I care about my intellectual property in my technology. I do believe we need to do it when it comes to national security.
We can't let Lockheed Martin go over there without rules and regulation, but they're not. They are secure as you get so that that's not the problem. You know 92% of all computers in China run on Microsoft windows and do you know that only 8% have purchased it from Microsoft. While and I always want to ask Microsoft had that work out for you. I mean it is it's it's crazy so I don't think so. I been against that. So the point of trying to make is Pres. Trump should give up anything of you to give up anything give that up and let the free market, corporations, police themselves or go out of business. I struggle with supporting this communist regime by giving them anything and we have had a week president after week, Pres. that has been afraid to confront this communist regime and now we have a president that's not afraid after I'd listened since 1997, two people calling to my radio program, saying oh well you know China are manufactured is gone now are trying to get it back and I think some of those same people are calling upset you know this is going to hurt our economy. Yes, it will be a little bit of pain but is something that we have to do and I'm afraid China is winning this because they're dragging this out to get as close to the election as possible to where they're finally going to get what they want and not hope that doesn't happen, but it's possible that it that it could so let me just summarize the what you said about American companies going into China to produce goods sell their goods there. You're saying let them if they want to do that, that's fine. But then let them be responsible for China stealing their products and replicating them and then selling them within their own country are saying the our government know another selling it around the world.
Some of these things okay they signed agreements. They understand after five years. So much has to get turned over to China and they know that they know that when they go but they think that the getting to the market share over there with some of these products as well manufacturing it inexpensively. They think that outweighs the loss of their intellectual property or some of their other technologies.
Okay that's all the time we have for today with Dan Celia as we discuss understanding the financial signs of the times. After 20 more minutes of the interview with him. Would've liked your plate if we had more time, there's lots of fascinating nuggets within that conversation. Maybe the top the list for me was hearing how the financial debt structure of America and the rest of the world. If that's something changes, something cataclysmic happens there's a cascading effect and then will be this push towards a one world currency. Let's combine together what is that sound like something out of Revelation exactly. That's why this is so important understand financial issues for Christians, the thank you Dan for coming on the program today. Again, their website is financial issues.org. Don't forget Tuesday, September 3 is the deadline for golf and dinner event, which takes place on Monday, September 16. The speaker series event is Sunday, September 15 on social justice Grace Church, Eden Prairie, all this information is at our website the Christian world you.org.
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