This broadcaster has 336 podcast archives available on-demand.
Keep up-to-date with this broadcaster on social media and their website.
April 12, 2021 4:21 pm
Today Steve shares The GayBC's and yes, it's a real book for children. Steve also questions BLM founder buying multiple homes and a Money Monday Update w/David Fisher of Landmark Gold.
Our goal is to apply Biblical Truth and to spread the Good News of the Gospel to as many people as possible through the airwaves as well as digitally. This mission, like others, requires funding. The main funding of the show is from listeners like YOU! So, we prayerfully and humbly ask you to consider making a tax-deductible donation - www.thestevenobleshow.com/donate
Thank you and God Bless
The following program is recorded content created by the Truth Network job. Everyone is time for this noble show where biblical Christianity meets the everyday issues of life in your home, at work, and even in politics. Steve is an ordinary man who believes in an extraordinary God and on a show, there's plenty of grace and truth. No sacred cows call Steve now 634 through 866-34-TRUTH or checking out online noble show.com now is your host Steve Noble trying to figure out backup you had a good weekend baby needing the right you know that one right. Don't baby, let's see by ML web beings provide ideas for gay or lesbian just to some schoolbooks out there some children's books that you need to be aware of.
So working to get to that because I want you to have a little call to action. Therefore, you and for your family and for your grand your sons and daughters. Maybe grandchildren because this is increasing out there that type of information public libraries and of course, is working its way in the public school system, so I will get into that I want to talk about that will talk a little pope found she he's a you and the more you read him like what, what's the point of getting the vaccination what's what's the point with the way a lot of this is going some good news out of Supreme Court for change. Although John Roberts, Chief Justice John Roberts is just a disgrace and embarrassment at this point so we'll talk about that and then BLM. So last year, BLM Inc., not the notion the general idea of the black lives matter if you're a Christian.
Of course they do, and in context. By the way, dealing with the reality of racial insensitivity, racism, even to the point where you have kind of racist things built into the system from the past. You can make a pretty good case on that here and there is not as widespread and as deep as it is.
A lot of people think it is according my own research. In my opinion, but it's still out there, but BLM Inc., which is radical anti-family anti-male anti-Christian pro-Marxist pro-socialism, but have you ever noticed that the people that lead these Marxist socialist movements tend to live pretty large. They decry capitalism, but live like the best of day do as I say not as I do nothing new under the sun there thinking Solomon will talk about that because of the cofounder Patrice con colors is just turn it into a little real estate magnates will talk about that and fortunately some people in BLM are pushing back which I really appreciate. So a lot of different stories there want to get through in stuff to pay attention to them will do a little money Monday update at the end of the show in the four segment and so there's always so much going on and I got to go away for a few days in the news, and news just keeps coming fast and furious and so let me as we go into this and sometimes we talk to authors.
We do different things that the algae Thursday things are going on but I'm always paying attention to the news and in the news. We could play news talk radio five days a week right that's easy to do. I can do that kind of almost instinctively.
At this point, after 13 years of doing radio 14 years doing radio what it whatever it is something like that but really, if you're if you if you can't put a Christian worldview spin onto it. I would call it correct filter to lose your mind, so if we can talk about these stories what's going on.
The news what's going on in our culture and and get mad and upset and frustrated and angered and disgusted and all that stuff but in the end what good does it do you, as a Christian, just a complaint which must count it all joy when we suffer trials and tribulations of any and all kinds and so when you're countries going through our country is going through yeah lament to be angry about it, but we do with that. That's a real question.
You just do. That's not healthy that's not even Christian to just sit around and there's a time and a place for lament. We weep with those who weep.
We mourn with those who mourn, so when you see a police shooting anything like that goes on please and I like to work on assault on myself. My first reaction cannot be. It should not be political should be right or left.
It should be biblical, not political but biblical and just like Jesus looks out over the masses in the weeks because he saw that they were like sheep without a shepherd.
O Jerusalem. How I long to bring you under my wings and the very people he came for rejected Inc. and Jesus lamented over that he wept just like he wept over his friend Lazarus is that even though it's temporary and then when we do. So let's try to all work on reacting biblically before we react politically based.
Let's keep that in mind as we go to the stories and and again I I struggle with my flash and I struggle with being really snarky and smart-alecky and I get frustrated and I get angry and and I call names and I think things that I probably would never say on the air about people involved in these stories, but man, we climb to keep bringing myself around and you around to think biblically before we think politically, not that our biblical thinking shouldn't, then, manifests itself in the political realm. It does our Plutarch, our gospel thinking our biblical thinking should manifests itself in every area of life. Every nook and cranny. So let's start with that and then we go down these other roads day so that's the challenge as we go through and like today for three segments look at that. The news of the day okay this is from the Federalist and another follow-up another story and Fox News up hope Ouchi would get along show the other day last week with Steve Jason's excellent go listen to that we are talking up the Faustian bargain which is number one on Amazon number one on the Wall Street Journal in number one and now is like number five at Barnes & Noble. So God's really using the pouching bargain, written by Steve days in one of the guides they just did a great job.
Should the facts okay facts and care about your feelings so you should get that read the pouching bargain. Steve days DAC so we talked a lot about pouching last week. So here's this Americans will never vaccinate up Ouchi's retort to normalcy is always know it's still not okay what you think. What were you thinking April working at back to normal now that May is June will we ever that's my question.
I really don't think we will. At this point I don't think a lot of places a lot of businesses are going to walk away from the on the mass thing.
I don't think they are schools are increasingly going to do that we had the story on Friday.
Written by two doctors that showed up in the New York Daily News make vaccination a prerequisite for college kids next fall. You can't come back unless you vaccinate that movements can keep happening will we get vaccine passports. I think eventually. This is in the Federalist stated today. Although Gov. Gretchen Witmer loves it enough to have a cross stitched on a pillow. Anthony pouching space is hated by many Americans around the country. He reminded us why yet again when the spacemen appearance on MS and MSNBC of the weekend was a message to vaccinated and unvaccinated Americans as to what they should and should not be doing right now. For example, eating and drinking indoors in restaurants and bars.
Is that okay now as toast Mehdi Hassan quote no Ouchi said it's still not okay. The simple reason that that that the level of infection, the dynamics of infection in the community are still really disturbingly high.
Ouchi replied like just yesterday close to 80,000 new infections and we been hanging around 60, 70, 75,000. What overdoing better numbers are down hospitalization almost to nothing. Death rates plummeted wizened enough telling you right now.
According to Pope Ouchi for the love the pound never hear about you had a great weekend. Talk about vaccinate, so he was on MSNBC over the weekend and he was going back and said no even if you get vaccinated eating and drinking indoors in restaurants and bars that okay now the guy asked. No, it's not.
He said that still think numbers are still disturbingly high at what point I Mr. pouching will the numbers below and up because here's the problem. Friends welcome back to Steve Noble.
The problem is if you think it will all out to stop wearing a mask when it gets down to zero. It's not good to be zero. Ever it will not be zero. It's appointed for men to die once and then face the judgment you're gonna die not see impunity. Obviously responsible for the life that we been given, but if you people are thinking a minute I'm I'm in a wear the mask and play all the labile these rules until COBIT. Scott is not to be gone.
We have viruses in microbiology issues everywhere all the time, which is why the immune system needs to be strengthened in a week in which we been weakening it by hiding and wearing masks about his initial responses in the Federalist was to be expected. What with all his community spread scaremongering that his Children home from school for a year or even its case numbers and Dessa plummeted, but the infectious disease expert could leave it at that.
He took it one step further. One more step more invasive, more intrusive and more domineering. So if you're not vaccinated. Please get vaccinated. As soon as vaccine becomes available to you and if you are vaccinated.
This is pouching over the weekend. Please remember that you still have to be careful and not get involved in crowded situations, particularly indoors where people are not wearing masks. Ouchi set, and for the time being until we show definitely that a person whose vaccinated does not get this subclinical infection can spread the others. You should also continue to wear a mask. There is folks, the standard mixed messaging that is characterized all the ruling class.
COBIT's blather. In other words, Ouchi's message you peasants is to get the vaccine ASAP, but also don't change anything about your life.
Once your vaccinated, and please wear a mask or to stay away from friends, family and and brunch forever and ever. Amen. The Federalists enough to drive people up the wall.
No kidding. Finally after a year of seemingly endless sacrifices and insufferable rules and restrictions nearly hundred 21 million Americans now listen, this is very important nearly hundred 20 million Americans have received at least one dose of the vaccine including nearly 80% of Americans 65 and older, meaning the majority of those actually vulnerable to death by COBIT almost out of the woods. A lot of purported rationale for the heavy handedness was to flatten the curve. The trendline for case numbers and death. Looks like the stomach dropping plunge on. Can the cop roller coaster, yet were still told know it's still not okay not okay to eat or drink okay to worship freely not okay to breathe mass medicated travel what's is what's the deal. All the power.
Once you had it you don't easily give it up. Former will trump White House Chief of Staff Mark Meadows link to the clip from this week Ouchi and said Democrats had zero intention of giving back their newfound control. Even if your vaccinated exactly is doing harm. At this point. Fox News contributor Guy Benson tweeted and someone scripted remarks of Mara Lago over the weekend, former Pres. Don trip Donald Trump joke to a Republican donor gathering the pouching probably soon advise people to where five mass quote have you ever seen anybody that is so full of CRA Pete customer unquote Trump wonders yeah things are continuing to push back against Ouchi but you still have the majority of Americans that are operating out of fear and so they just go along with it and not thinking, not investigating this following okay right so there talk about religion you know shutting down worship and all I can stop which is still going on and up in Canada there absolutely making an example the one pastor up there I'll give you more information on that later this week Supreme Court.
So here's where if you know your if you know your rights and you fight. You can still win Supreme Court rules against California's limits on in-home religious gatherings. The Supreme Court in a divided decision last Friday ruled in favor of lifting restrictions on in-home religious gatherings overturning a lower court ruling that upheld Gov. Gavin Newsom's limits on people from different home. The decision noted it was the fifth time the courts had rejected the Ninth Circuit's analysis of California coronavirus restrictions Chief Justice John Roberts dissented. Chief Justice John Roberts, whose embarrassment, a disgrace, a turncoat, I've no idea why he just is a massive disappointment.
The ruling stated that before can limit religious gatherings. The government must prove they pose a greater danger than secular activities that remain open, such as shopping or attending movies. You can go to a movie with certain percentage of people, but you can have home church can't can't do that because you Christians are trouble.
Otherwise, from the decision precautions that suffice for other activities. Suffice for religious exercise to just logical majority opinion said, adding that California quote treat some comparable secular activities more favorably than at home. Religious exercises permitting hair salons retail stores personal care services, movie theaters, private suites at sporting events and concerts and indoor dining at restaurants to bring together more than three households of the time majority opinion added that the state can't quote assume the worst when people go to worship, but assume the best.
When people go to work well there you go treating Christianity as a separate class will come to class.
Steve, that would be a lower-class. The caste system right here in good old America. The country that was born out of religious liberty and freedom. So much for that the lawsuit have been brought by residents in Santa Clara County who hold in-home religious meetings and claim the restrictions and friends in their constitutional rights and they would be right. So thank goodness just got to be willing to fight if you just go all gosh okay do you give up your right and we are commanded together one with the other right. Don't neglect the gathering together of the saints.
The government says you can't gather now.
I got a problem between government authority and what the Scriptures telling me in for a little while fine. Meeting okay so we figure out what's going on here. I get it with you.
Love your neighbor, but after a while they turned love your neighbor into sleeper neighbor be afraid of your neighbor snitch on your neighbor, none of which you can baptize biblically. Obviously that's where it's gone.
Okay, do as I say not as I do finally remember true all this by the way, at some point. Remember when found she was doing.
It really turned turned directional mass thing and then he showed up in embarrassed himself by throwing out the first pitch meet. If you can't throw baseball don't throw out the first pitch. I think it was a Yankees game or something and then they they caught him in the crowd out in the stands watching the game mask just like all these social media influencers and people like that. Our daughter talks about the solid timer 16 or two likely people are such hypocrites they they cut all these PSA's and Intel everywhere mass where mass awareness and then the paparazzi catch them somewhere not wearing a mask, do as I say not as I do.
Perfect example in this story, which Emily and the start and the will get into it some more and then we'll get to the gay ABCs before we get to David Fisher good friend from landmark capital at the end of the show inside BLM's cofounder Patrice con colors million-dollar real estate buying bench. This is from the near post as protest broke out across the country in the name of black lives matter.
The group's cofounder went on a real estate buying bench snagging for high-end homes for 3.2 million in the US alone. According to property records, so will dive into this a little bit and then there's a few other people in BLM. Praise the Lord that are like hate this is an about the caches about the movement calling her out and what's BLM doing in places like Rochester with the murder rates going to the ceiling and not doing much there either. So we got talk about.
We will become still easy and might actually be cool faster in your feet up and around the hill LA room at the top when in your faith. $91 million in your organization bank account and you're on top of the world baby hey, welcome back at Steve Noble to Steve Noble shops us are happy, remarkably snarky, back to the story because this is new. This was bound to happen okay and this is the history of movements like Marxism and socialism is the people that are running the movement live large buddy else lives like a peasant. Her plea be in but then put the leaders live large so it's do as I say not as I do in this case BLM cofounder Patrice con colors. You know what this is right 90. To do this for my own sake probably need to do it for years as well. Would you just let's just pray showing father God, I don't know much about Patrice.
I know that she had a tough background.
I know that she's a lesbian. I know that she claims Marxism. I know she takes a lot of positions that are obviously against your work about Lord you you died on a cross as much for her.
She did for me and I don't understand how she ended up where she's at or she believes what she believes but but you lover to me. She's is usually just a person in the story that makes me mad but I'm sure you're disappointed and hurt you are in office but but you love her still and you love us in such were some of you. Paul said in and we all have our own rap sheets. I don't know anything about her or her girlfriend whatever but the other people that lead BLM but they certainly don't appear to know you. So that's my prayer that somehow someway you would bring them to the end of themselves and they would be on their knees facing the creator of the universe and cry out in confession and repentance and be saved to be born again and then just be so cool to watch what happens after that but I just lift him up to the Lord talk about him get mad, make fun of him but often pray for my night so we just let them up to Jesus name, amen.
Patrice con colors 37.
Also, I property in the Bahamas. In the next altar exclusive resort were Justin Timberlake and Tiger Woods both have homes. The Post has learned this in the near post luxury apartments and townhomes at the beachfront Albany resort outside Nassau are priced between 5 million to 20 million will the self-described Marxist last month purchased a $1.4 million home in a secluded road a short drive from Malibu Los Angeles. Some fellow activists were taken aback by the real estate revelations as they should be Hawk Newsom. They had a black lives matter greater New York City called for quote an independent investigation to find out how the global network spends its money quote. If you go around calling yourself a socialist yap asked how much of her own personal money is going to charitable causes. He said it's really sad because it makes people doubt the validity of the movement and overlook the fact that it's the people that carry this movement. Last year con colors and spouse Judge Anaya Klein ventured to Georgia to acquire 1/4 home is all the last three years. Get about four houses a custom ranch on 3.2 rural acres in Conyers featuring a private airplane hangar with a studio apartment above it and the use of the 2500 foot paved grass community runway that can accommodate smaller points con colors begin her buying spree in LA in 2016. A few years after the civil rights movement. She started from hashtag hashtag black lives matter with fellow activists Alicia Garza and Opal to Mehdi began to gain traction around the world through the homes were bought and con colors name at the Topanga Canyon property was purchased under limited liability company that she control see that's where it starts to get murky. Last year con colors and con. I guess her girlfriend or wife, whatever were spotted in the Bahamas looking for a unit at the Albany a real estate source who did not want to be identified told the post quote people who buy at the Albany are buying their fourth or fifth home center resort worker who did not want to be at identified whatever makes sense because they bought four houses in the last three years of this would be there for this is not a second home residents. It's extremely high-end and people are coming here for complete and total privacy. Interesting donations and pledges from corporations and individuals poured into the movement of his last year. Throughout the last year right and February, the BLM nonprofit cofounded by con colors told the AP.
This is just recently February that they took in 90 million in 2020, with 21.7 million committed to grant funding and helping 30 black led groups across the country. Okay, let's do the math. So it just opened up window iPhone here 90 million-21.7 pledged to grant funding and helping 30 black led groups cross-country leaves you with a balance of $68.3 million. $60.3 million. Where is that going.
That's like the bail fund. They set up a Minneapolis after the George Floyd murder killing and then they raised. I think a close to 30 million, but spent about 300 grand on bail. So where's the other 29.7 million people making money on this Marxists Newsom of NYC's BLM said we need black firms and black accounts to go in there and find out where the money is going. He added that his group does not receive any financial for support for the BLM global network yet is that we always little folks trying to do what they believe is right out of the country.
While colors in the rest of them are just live in large like big time capitalists buying property all over the place and BLM doing this is like the goodness up in Rochester, Rochester leaders blast BLM activists as murder spikes. Residents of Rochester, New York, stepped up last week to draw attention to the massive spike in violence and homicide in the area blasting left-wing black lives matter actives for ignoring crime when it doesn't involve police quote at the police were killing us at the rate were killing ourselves. I suspect this town would be on fire, said Rudy Rivera, CEO of Rochester's father Lawrence treat Tracy advocacy center on N. Clinton Ave., Romans Rochester's homicides of exploded this year, nearly tripling the number of murders recorded last year to reseal Rochester man Markey's estimable 33, was killed outside of the advocacy center 20 to 30 people were there this man dying on the floor. People walked by him like he was a cigarette but they robbed the young man, people took selfies while the man was dying. Please, Lord, help our culture. My goodness Rivera noted the protesting he saw the summer in response to the death of a black man named Daniel Pruitt following police interaction. The activists who sparked the protest and many nights of subsequent destruction filing violent rioting in the city are now, nor to be found.
We kill ourselves. I say to myself, where the protest lining the street where the people within our own community who know what's going on here that's the most tragic part of this whole story. Everybody knows what's happening here, and yet it persists. Where are the voices of the activists who help press conferences nearly every day overall officer involved incidents. Rivera asked Tigre question pray friends pray pray for our nation. Pray for people like Mr. Rivera is pushing back in the other BLM you see above BLM leader New York calling out their leadership for that stuff. Pray for Laura Lord give him favor and get some justice. Please okay the BBC's. I actually order the book Solomon read that to you next week. Have you visited the children sex. Sex in a public library or bookstore lately. We should be. By the way, we should be caring for neighbors. LGBT activists are aggressively presenting their ideology and books across the children's genres for example in Bunny bear cub feels like a bunny on the inside so he's encouraged to embrace his bony identity and worm loves worm two worms get married. The dilemma guess wonder what which will where the tocsin which will wear the dress and Jack not Jackie the message to readers to choose your gender, do what feels right to you. The target age for these books.
Ages 4 to 8 LGBT Q activists seek to indoctrinate even younger children, and ABC books such as the gay BC's by ML web B is for by Jesus for K Ellis for lesbian the text that follow these entries explicitly support LGBT late behavior after B is for by readers are told you can shout it out loud. I like Boys and Girls Club that makes me proud on the Scriptures go to Romans chapter 1 to the end of the chapter read the last two passages Romans chapter 1 last two passages. The T is for trance. The text reads its brave step to take the lot to live as the gender you know is innate meaning think the books listed are exceptions there not when blogger and teacher Allison McDonald created a list of books in 2013 that promote LGBT families and their lifestyle. She made nine titles in a 2020 post late last year she listed 72 books so it's growing wise a dangerous why do we care puberty blocking hormones induce a state of disease. The absence of puberty inhibit growth and fertility and previously biologically healthy child. As many as 98% of gender confused boys and 80% agenda confuse girls eventually accept their biological sex. After naturally passing through puberty so were going to fill them with drugs and maybe offer him surgery for that children take puberty blockers across XO Martens will never be able to conceive any genetically related children, even via artificial reproductive technology. Our culture aggressively warns children and teens against substance abuse unit promotes behavior that can lead the serious physical and psychological issues.
So what you do in this article, if your children attend public school. Find out what curriculum your school district uses volunteer in your local public library in the library at your child's school as your child's teacher. If you can participate in storytime, then choose to read a book that promote your values.
Good luck with that. They don't let you report it, checked the recommended or required reading list for your child's grade level. Read the books your children are reading at school and discuss questionable content with the economy really proactive here friends ask open-ended questions about self-worth gender and identity listen to their thoughts and feelings and express your values and why you hold your still the most influential person in your child's life or grandchild don't hand that privilege to anyone else. You have to be aggressive because the other side is in the devil wants nothing more to steal, kill and destroy. Especially with children in the womb or in preschool or elementary school. Steve Noble Europe that back and Steve Noble to no so great with you changing gears from today and make sure they informed and educated.
Remember you have biases yourself so you need to have some intellectual honesty and be willing to challenge your own assertions. Challenge your own positions to get educated. Pray for wisdom pray for discernment and engage and be a part of the solution, but never forget to pray. Okay we got. We do all these things you can fuss and moan and groan and do stuff. But you gotta pray they be doing everything else but not praying, like jumping in the cards all washed in good shape ready to go. The oil change, but got no gas in the tank.
You have a problem and by the way when it comes to your finances do the same thing. Get educated get prepared and then make sure pray pray.
First, discernment and wisdom, which is why each week we talked our good friend David Fisher from La Marque M Markel.com is their website to bring his expertise to help us understand these things David how are you my friend doing great thing about Almighty God and an amen appreciate that is always and and when we do Monday Monday updates.
We start where we should start and try to get our brains and our spirits and our hearts in the right direction restart Scripture talk about things going on in the world perfect one the day in first Corinthians chapter 2. Let's start there in the will dive what we have received is not the spirit of the world, but the Spirit who is from God, so that we may understand what God has freely given us just like you. Years and years ago we accepted Christ as our Lord and Savior and many of the listeners have probably done so maybe you have and I challenge you to do that but as we grow in grace and the knowledgeable, our Lord and Savior in Christ, we understand you know what we have received from Christ others.
This girl we walk in the Lord earlier and earlier research the battle become stronger and as we over time would hope that the battle becomes easier to fight about what I'm referring to is between the spirit of the will of the world and the spirit of the Lord which the spirit of the world you will tell you all operate hate and be fear and jealousy, and other things like that versus the spirit of the Lord operates out of forgiveness, peace, love, self-control, Michelle mine and many other attributes of the fruits of the spirit. Obviously there's the lead to totally different pair of opposite parallels one leads to them, not just physical go from talking about. It leads to a fruitful and fruitful life which could be in form of not being fulfilled in life which will Lord says I want you know live life more abundantly.
So as we talk about these financial things.
There's a difference between understanding it and operating also operating in the arm concerned from a overcomes me. We should be overcome by this, but we should be concerned about is like everything else gets thrown out of life. That's right in and I was up and try to encourage people and remind myself, David, to revisit your salvation is that that you were getting to their first granting chapter Tillis swimming is given the spirit of the world, but the Spirit who is from God, so that we may understand what God has freely given us and then you start going okay. What had asked the question be like a three-year-old. What what what what has he given us start going down the road and start talk about. Not only am I invited and to have an uninvited to the table and I'm a cool heir with Christ.
Ephesians 2 is that tingle what I was condemned I was a dirt bag and now I'm this wow that's amazing and and that's why we should revisit our salvation so we can kinda regain that amazement. So much for thanks for bringing that to a statement I was loved starting with pastor Scripture. And thanks for preparing and get ready for us. All right, so I missed this on talk on 60 minutes yesterday. Federal Reserve Chairman Jerome Powell so so what happened there will he remove what we've been talking about three distinct topics interest rates that are highly unlikely to be raised this year and will remain what Steve note Noble on CNBC up you probably do what I do to artificially low interest rates regularly talk about which what we talked about is article capital back on March 29, the Fed is reviewing how this one small company did such Lord damage and impact causing their own $30 billion lost in a lawsuit in stock and the financial industry, mostly in the third thing that the Fed did was talk about digital currency, something we've been talking about digital currency in which you moved to trying to currency syllables.
Of the three main topics that the food talked about on 60 minutes and if the same thing we've been talking about.
So why is that said, interested in digital currency will new wave of the future and China just launched their digital currency since last summer going to show. According to SeekingAlpha and this is going to challenge the dollar and if the Fed is not up to speed on getting the US dollar digital current which is not necessary thing or bad thing, but were way behind the curve look for German food. When it came to launching the US digital currency. Lisa Charlie's mild ahead of us and paraphrasing his work yet. So another nail in the coffin of the US dollar being the world's reserve currency, and one that drops friends is like a tsunami you can see it, you know it's there. It's common, but there is no way you can avoid damage because it's just too powerful and, and it's just really sobering and scary to think about that and so we need to pay attention.
That's why David is here each week to try to help us understand what's going on. Lowest low interest rates have deftly fueled the stock market in the economy but but what's can happen. Another standard there and keep them artificially low. But what's what's happening out there with interest rates and what what might happen later this year will be forced to raise rates and eventually the paper buying all but that didn't prevent the government from producing cold treasuries and there'll be forced to raise rates in the thing that the Fed is, you know, even older than our concern about inflation. What they're really terrified it did. Deflation of the Lord is good. Deflation like for instance cell phones.
Obviously there more toward technology nowadays than 10 years ago.
But there also compared to the technology.
10 years ago there a lot cheaper, not cheaper in price as far as the cost would be going down and the smell, the Fed will misappropriates inflation. Nursing technology is a lot cheaper nowadays so therefore will have inflation but the reality is pulled on open price over the others and fill with that is complete concerned about is a debt deflation is when the value of the debt or the bond or the treasury starts to draw in more cost more expensive dollars to service the bond and yields rise in yields is been rising, amended 10 year treasuries are 1.676 today and it was those of a court of appointment, or third, 1/3 of a point here year ago. Treasury yields will been rising and that's just causes the cost of debt servicing to go up and you know the debt to GDP is now Norco hundred and 30% going to spend another three to $5 trillion this year and deflation is coming which is actually caused 2008 problem when the systemic crisis came about and so the Fed is trying to manage all this and they're stuck between a rock in our place there. Be good to be forced to raise rates and when that happens is going to trigger a whole mother inflationary environment and the cost of servicing that will be so challenging. We can even fathom how that will be yeah I was reading something earlier today or yesterday about where were going with our debt and that in the in the near future. Our debt service Justine interest on the debts can be a $900 billion a year, which in a normal year and we know words were $5 trillion normal spending working a double that at least this year, but in a normal year that about 20% of your GDP of your spending of the federal government going to service the debt to me is totally insane. You mentioned a minute ago. David is our Kinko's capital is that I say that you are right. So that was a $30 billion loss there. There was leveraged hidden money help us understand that it is that is that contain now is that that keep going as it's kinda like the derivatives. Crazy stuff in 2008 or what happened there very same thing that happened with Lehman Brothers.
There were 600+ billion dollars in assets and they had about the same amount of money leverage so they couldn't pay their leverage and that's why they went under and same thing happen with Bear Stearns articles capital or or however want to pronounce it is not that large. But here's the problem there's 5 to 10,000 other companies are just like them small mom-and-pop's investment companies that don't have to disclose the SEC and you had up those 5 to 10,000 companies are managing $6 trillion dollars in essence, just thing this is the tip of the iceberg. We don't know how far this thing goes. If one unwinds to become to systemic problem. It could turn into that dimension three or four of articles capital their leverage for five times not one to one or three to one, like Lehman was and they don't have enough money and that's why the up to a massive fire social. This is why Bill doesn't matter if it comes out either forced through the SEC requiring them to change full disclosure then will be a problem by us, knowing or if it just comes out through the manipulation of her caught on the wrong side of the fence where they were betting legally against an acid and moves against them know they get a pay for that will have the money so they go to mass liquidation minutes were working a room into some problem either way, you say it's just I wish that our money money updates and therefore money. Monday would be more cheery, but they just aren't.
Because there are so many factors out there to so many things that play that are just bad bad bad which always brings back around and for people to understand. Okay, that's one end of the teeter totter on the other end of the teeter totter.
Do you have your finances just sitting there ready to be hammered because somebody jumps off the other in the teeter totter and crashing down you go, but in terms of understanding how you use precious metals. What's the best way people can get information so that they can understand how that plays into a well balanced portfolio to call our company is for more 57508446575 or little more gold as they can learn about this current coming out your goal is well yeah just just very sobering. We have to get educated Rayford wisdom pray for discernment.
David, as always, thanks for bringing your expertise to show we appreciate you my brother will talk you soon.
Thank you type out a great afternoon. Mrs. Steve Noble to Steve normal show, God willing. I talked again real soon as it always is ever for another program powered by the Truth Network