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Wake up, everyone. It's time for the Steve 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 his show, there's plenty of grace and lots of truth, but no sacred cows. Call Steve now at 866-34-TRUTH.

Or check him out online at thestevenobleshow.com. And now here's your host, Steve Noble. Welcome back.

Hope you had a great weekend. It was kind of funny watching everybody freaking out last week about what was happening in the House of Representatives. I don't think, well, I don't think, I know that the vast majority of Americans really have very little knowledge of our nation's history. And so what you saw happen in the House of Representatives last week, in the back in the fourth and the arguing and the and the shouting and then the deal making back and forth and another vote and another vote and another vote, even though that had not happened in terms of the Speaker of the House. In 100 years, it's happened uber amounts of times previous to that.

That was very normal. Our representative republic is based on debate and argument and compromise. And that's the way it's been since day one.

We couldn't even get a constitution in place without that. So what you saw was the American system in operation. And I was listening to Sean Hannity on my way into the studio today, which I try not to do very often because it drives me nuts at this point.

But he was complaining that he had wished they had done that stuff behind the scenes because there's people in middle America that they don't really want to see that stuff. And I'm like, I quit playing to the lowest common denominator. That was a uniquely American experience. It worked.

And they held Kevin McCarthy and his supporters feet to the fire. And so Representative Dan Bishop from North Carolina has become a friend. And so we were texting earlier today.

I'm going to get him on. He was one of the 20 that was saying, I'm not signing anything until we get a bunch of this stuff dealt with. So we'll talk about that today, even though on a full money Monday, we don't usually talk politics directly, but we will a little bit today because there's so much going on there and what happens in the House and understanding the limitations of what can happen in the House because the Senate, hopefully, you know, this is still controlled by the Democrats. So we'll touch on that and a bunch of other things today with our good friend David Fisher, who's back for a full money Monday here on Monday, January 9th. David, great to see you. Happy New Year. Oh, Happy New Year. It was a something else to watch that happen for the 15th time.

Yes. And I'm so I'm with you, too. I don't like listen to and I know Sean Hannity and I'm not against him. I just don't I don't believe what he's what we should have done, what he thought we should have. Yeah, we should. This is how our government exactly does work. And because we brought up the Nancy Pelosi leadership has done so many things behind the scene. Right.

This finally got out in the open, which is a completely different leadership style, which is the leadership style of our country. And so we've had what we got used to is the unnormal. Right. 20 some years.

And now we get back to normal and it's like feels foreign. Right. Yeah. Isn't that sad? We're going to talk about this from a finite.

We don't talk politics, you and I, that much. But this is the financial thing that's going to help us out. Right. I think it's a good thing. It could cause some problems. But I think in the end, from a financial aspect, we're going to talk about that.

And I loved what happened. I don't like the nonsense that we couldn't agree. Right. I don't like the nonsense to get there, but I like your senator that said he's holding out until we get all the important things in. That's right. Hammered out.

Yeah. So, you know, and that especially with things like Nancy Pelosi, where everything was done behind behind the scenes and, you know, they're going to drop a 4000 page bill on the representatives and ask them to vote for it later that day. I mean, that's one of the things one of the concessions they got is, no, we're not going to vote on anything until we've got at least 48 hours to review these bills. And even then, when they drop a 4000 page pile of junk on your desk. Good luck with that.

Even though you have a you have a staff of about 14 or 15 in the House, it's still going to take a lot of work to get through that. So ultimately, with Kevin McCarthy as the speaker of the House, how do you think what and again, I want everybody to remember, we still have divided government. This is a huge praise that we have the House of Representatives for Republicans, because at least, you know, there's not going to be any pro Biden legislation coming out of Congress.

But what does it mean, in terms of the government and us financially, David, how do we read it from that perspective? So obviously, he had to give up a lot to become speaker. But I don't I think all those things he had to give up were actually blessings, personally, because there's some senators that were asking for some pretty normal things that we have always had for decades. And that's in financial things like, how about having the committees of 12 subcommittees and having those 12 committees vote for the appropriation bills. So this this one thing he had to give up is saying we're going to go back to the old way.

Right. It's been handed handed for decades upon decades. Do you how this has been done is we throw everything into one big bill is called an omnibus bill. And so all this junk gets put in there, simplifying it, so that if we don't pass it, then they default and or we don't raise the debt ceiling, we go into a possible default. And so this is push, this is designed by makeup to make sure you pass everything that the Democrats want to pass, right? And so this new way is going back to the original way where you hammer out in 12 subcommittees, the appropriations like the Agricultural Committee, the the Justice and Science and Related Agency committees, the Food and Drug Administration, every area of the government that gets funding each one stands on their own. And that goes before a bill on its own, not with all these little things that gets hidden in it. And that's what this this vote was about. And we got it.

Yeah. So now we don't have we all those bills, those 12 bills, appropriations bills are passed before the end of the year. And so when we pass a budget, we know that these 12 bills are going to be included in it. It's not a debate anymore. The last time we had this thing happen that way was Clinton was in office, oh boy. And we've only done it four times in 40 years. So this whole new way of doing things under the Pelosi influence regime, her saying this is the norm.

That's not the norm. We're getting back to the norm, right under this, and we're getting back to term limits. We're also going to say you have 72 hours minimum to read, read the bill. So in other words, this whole idea of the Obamacare Act passed the bill. Read it later.

Yeah. That's what Nancy said. Well, we will know what's in the bill after we pass it.

We'll read it after we pass it. So we're not tying everything to a debt ceiling. In fact, they're they want to have a clean debt increase now. And Republicans have been pushing for this. They got a lot of things done. But I think the biggest thing is the appropriations bill. That's how the country is normally being run. We've been distorted for 20.

That's right. And now we're getting back to the norm. We're up against the break. David, hold on.

Hold that thought right there. We'll keep talking about that in a little other details. A lot to talk about today on a full Money Monday with Steve Noble and David Fisher. We'll be right back.

Welcome back. It's Steve Noble, The Steve Noble Show, a full Money Monday today with our good friend David Fisher from Landmark Capital, landmarkgold.com is his Web site, as always, and talking about a little bit about politics, because the question from a Money Monday perspective, David, is how much does this change in leadership in the House, the House only, not the Senate? So now you have a divided Congress. So the House under Republican control and the leadership of Kevin McCarthy can pass all kinds of uber conservative stuff. They can pass all kinds of fiscally responsible stuff. But it's going to go over to the Democrats in the Senate and they're going to reject every single piece of it. And so at least we know that nothing Biden would love is going to be coming out of Congress.

So it's a stalemate that's going to be kind of frozen there. But are there some upsides to any of this? You were mentioning as they came up with some of the rules that they'll actually go back to normal when it comes to dealing with budgetary issues and break it down into the 12 different committees who deal with it based on subjects so that once you have a budget bill come through, you know, it's already been argued and it's split up into understandable and logical points. But what else that might happen here?

And I know we got to talk about the IRS and all that, but how could this be positive for us financially? So this, you know, the old adage, lead by example. We're actually doing it the way the Constitution was set up to do it.

Back to the, you know, back to square one, as they say. And so hopefully this is going to put some pressure on the Democratic side to get back to square one, two, so we can actually and it doesn't take away debate. In fact, this might increase debate. I think it would. And this could maybe increase such debate on the floor where we might have people, you know, wanting to fistfight.

They kind of came close to that even on the 15th vote here. And I understand that, but I'd rather have healthy debate talking about the elephant in the room saying, if we don't do something about our debt and instead of, you know, doing all or nothing, shut the government down because this is one of the things that he had to give up was if you're going to raise the debt ceiling, you also got to lower somewhere you're going to spend. So let's get this thing balanced out. So this could be a very good thing. It's a certainly a step in the right direction as far as your and mine, many of our listeners standpoint. But, you know, the minority leader Hakeem Jeffries criticized this whole thing and saying this is going to hold the American citizen captive for the next two years. I think it's going to set them free.

I think it's going to, you know, where the Senate set free will be free indeed. And this creates the open conversation where wisdom and knowledge comes full front to the American citizen. Yeah. Those that want to watch this.

Yeah. Let them let them argue it out and let them put their principles and what they believe in on the table. And then that's the process. That's the way a representative republic works. Democracy cannot exist without the necessity of compromise. It's just one of the principles that has to be there. And that needs to happen publicly. So we should all be happy for that. And then unfortunately, because of the lame Republicans in the Senate, we're stuck with the omnibus bill that they passed just a few weeks ago, which was completely cowardice, especially our two senators from North Carolina, who are a complete embarrassment.

Tom Tillis and Burke. And it's just disgusting what those guys have done. But what about the IRS? Because McCarthy, those guys are going to probably take that up this week because they, you know, the last omnibus bill and all that mess and part of the Biden rescue plan was adding eighty seven thousand agents to the IRS, which is the last thing this country needs.

But are they going to be able to do anything about that? So it's already in the works. Steve Calise, the Republican out of Louisiana, says we've already been working on this. The actual verbiage, the legislation is ready to go. That's his terms, quote unquote.

So it's going to be brought to the floor over the next two weeks, according to Steve Calise. Yeah. And, yeah, Scalise. So McCarthy is this probably going to be number one or number two on his list. Will it get anything done?

It's going to be fought by the other side. Yeah. Let me give you an update on how bad this is, because you remember President Biden, I'm not here to throw stones at presidents, but we have to call out what is right. Exactly.

Yeah. It's just the administration clearly said it's not going to target anybody under four hundred thousand in their in their salary, in their with their what they made per year. Well, I have in my hand the report that was produced last Wednesday from Syracuse University Transactional Records Access Clearing House are called Track. This is public data. It they pulled the data from the IRS. So this is the data from the IRS put out by secure Syracuse University. And despite what was said in political gain to get this bill done, here's the results of the facts by the IRS says it did just the opposite. The report says that, quote, the taxpayer class will unbelievably have high audit rates, a five and a half times virtually compared to anyone else where the low income wage earner. So in other words, that's the quote taking the earned income tax credit. The person who's taking a earned income tax credit, who's a low wage, right, has five and a half times more audit that happened last year.

This is not predicting it. This is what actually happened last year than the millionaire or billionaire or the person making over four hundred thousand dollars. They also went on and said that noting the poorest taxpayers are the easy marks in the era when IRS increasingly relies upon correspondent audits, yet doesn't have the resource resources, excuse me, to assist taxpayers or to answer their questions. And in other words, these low income people who had more questions probably than high income couldn't get somebody to answer the phone with the IRS to help them out because there was not enough funding. That's what this funding is supposed to be for. But where it's going is to audit the low income wage earner and make sure IRS agents carry a gun and can can arrest people. So this is completely opposite of what we were told in the Inflation Reduction Act.

But wait a minute. I thought the Democrat Party was the champion of the little guy. Again, that's verbiage and rhetoric and political talk.

It sounds more like the opposite of Robin Hood. We rob the poor to pay the rich, right, because that's exactly what they're doing. I mean, both sides are guilty of it, but the Democrats particularly are talking out of both sides of their mouths.

That's really amazing. So hopefully McCarthy can get this thing through on the Republican side. We can put pressure on the Democratic side with reports like this and hopefully it becomes public enough that it will steer either the Democratic side to defund some of this and or the next major voting in two years, we will have a different type of leadership in office.

We can get this thing put in proper perspective. You really have to remember that they don't have a choice. They have to play the long game here because they can't play the short game because of the Senate is still controlled by the Democrats, which a lot of people get the blame for that. But coming in two years, if you have the right lineup in terms of a presidential candidate, I would suggest that should be DeSantis. And then if you could actually and the Democrats, actually, if you look at who's up in the Senate in 2024, they are much more vulnerable than the Republicans.

They're very vulnerable in the next Senate race coming up in two years. So we'll see about that when we come back. Let's talk about spending and debt. Do we have any hope whatsoever in 2023 that that's going to slow down at all? We'll talk about that. Is 2023 going to be a booming year?

Other people are saying it is. Other people are saying it's going to be worse than of course, we'll talk about gold and silver with David Fisher when we come back right after this. Welcome back, it's Steve Noble, The Steve Noble Show, a full Money Monday with our good friend David Fisher from Landmark Capital, landmarkgold.com, as always is his website. Spending and debt in 2023. David, do we have any hope there? Now that we have the Republicans have control of the House and they can apply pressure, I think they can use a spotlight. One of the things that I'm most excited about is going to be investigations.

They're going to go investigation crazy, which needs to happen because there's so much garbage going on up there in the swamp and really hope that they actually do that and that they'll get enough media to pay attention that we can actually get to some truth here in our country. But in terms of spending and debt, do we have any hope whatsoever that anything is going to move in the right direction this year? Well, I think maybe this is more my wishful thinking in our country, the best intent it really has and wants to do because we're going to have some gridlock. I think we're going to have less spending.

I think that's a given. But I look at it, this is kind of like, oh, you wrecked your car. Maybe you can still drive it. It doesn't look the same, but now you've got to pay for the fix of it. So the fix is coming for our debt. And I was thinking about you yesterday and Saturday afternoon because I went to the National Debt Claw and did a lot of work and did some comparisons because I know that you bring that up quite a bit.

And I've used it before, but I never have researched it as in depth as I did over this weekend. But let me share something that was kind of a startling fact that concurs, confirms, excuse me, what we've been talking about, foreigners selling our debt. So what's been happening, obviously, the debt's been going up. If we go back to year 2000, the national debt was at $5.7 trillion. You can go to the National Debt Claw, do like you said, go into the time machine and go backwards. Our national debt today is 31 and a half trillion, just shy of it.

It's about ready to turn over that probably next week. So back to 2000, the national debt was $5.7 trillion and $1 trillion of that was held by foreigners. We go to 2012, foreigners are holding $5 trillion of the $15 trillion national debt, $14.8. We get to 2016, just four years later, the national debt goes up almost $5 trillion and the holding of our debt by foreigners only goes up $1.2 trillion to $6.2 trillion. So what's happening is the national debt is escalating much faster than foreigners are buying our debt.

From 2016 to 2020, here's a startling number. It only goes up $800 billion while the national debt went up $6 trillion. And four more years later, it goes from 2020 to 2023 now, foreigners holding our debt goes from $6.9 trillion to only $7.1 trillion, only goes up $200 billion, yet the debt goes from $25.5 trillion to $31.5 trillion, $6 trillion.

So they're slowing down. And when you look into the future of the debt clock, the time machine, three years from now, four years from now, 2027, foreigners step back holding our debt from $7.1 trillion, the peak down to $5.5 trillion, and that the debt goes from $31.5 trillion currently to $44 trillion. So this tells us, and the Fed is backing away from our debt right now, while interest rates are going up to attract people to buying the debt, this is a environment that this tells us something bad is going to happen because foreigners are aggressively, aggressively backing away from holding our debt. They're divesting.

Big time. They're not investing. The more debt we go into, the less interest they have in buying our debt.

And God bless them for it, because why would you? When the company's tanking. You were giving them an incentive to buy our debt at a higher yield. And when the company's tanking and the company's going down and they go, oh, we're going to pay you more dividends. You're like, yeah, but we know pretty soon, you're not even going to be able to afford your dividends.

So why would I put more money into a dying entity? Yeah, that's really alarming. It is alarming.

The last six years has really been a change, and that's why I've been saying on your show, we've been together, I think almost eight years now, seven years. There's something that's been escalating here, and I never looked at it that detailed and it's like, I'm blown away by the numbers. I thought they would be holding a lot more debt than $7 trillion. We get to the personal aspect of this, the taxpayer. When the national debt was $5.7 trillion, the taxpayer responsibility was $56,000, these round numbers here. The debt today, $31.5 trillion, the taxpayer responsibility is $247,000, not $57,000, $190,000 more. So this tells us they're putting the debt burden on the taxpayer, not the foreigner anymore. Then this personal debt per person in 2000 was $27,000, and now it's $72,000. So the citizens going into debt, and their savings in 2000 was $6,500, now it's slightly over $5,000. So we're saving less, the burden is going up, we're carrying more debt as a person because that's what the world wants us to do, that's what the government is saying. The government is going into debt, they're saying foreigners are backing away from it, the numbers show it, and they're going to put all this on the back of the citizen. That's where it's getting ready for this bailout.

Yeah, and you want to draw some deafening silence. When I go through this in my classes with my high school age students, and I show them this, and I show them what their debt per citizen is, I said, this is you now because none of you are really paying any federal income tax. This is your debt right now, per citizen, per kid in this room is $94,000, but once you become a taxpayer, a federal income taxpayer, it's a quarter of a million, that's $246,886. That's on your head as soon as you become a taxpayer. And then I show them our debt to GDP ratio, which is right down the page just a little bit on the usdebtclock.org, that you go back to 1980, our debt to GDP ratio is 34.5%, today it's 121, coming up on 122%.

And you just put that into your household budget and you go, oh, yeah, I'm in trouble. Yeah, no kidding. And in year, I think it was year 2006, we went over 100, maybe it was 2016, I'd have to go back and look. Yeah. But it wasn't too long ago, we went over 100% debt to GDP.

Nope. When a country does this, that means you're headed down a slippery slope because every time you add more debt, you're increasing your debt load and your ability to pay that off. And the theory is let's just stimulate the economy to pay the debt off. Well, now we know that theory does not work.

It doesn't work. So the only other theory is default or seize their citizens' money. Right. A bail-in.

Yep. So I thought we were further away from this prior to a week ago. I think it's staring us in the face and I think the pushing of the Democrats or the Republicans pushing the Democrats, we could actually have a big heated conversation this summer when the debt ceiling needs to be raised and nobody's willing to give in. And we have these people who voted McCarthy into place saying, wait, wait a second, we kept our part of this, you've got to keep your part and they force a government default shutdown which ends in a default. I can actually see that this time happening because of the nature of what just happened in the 15th vote, 15 series of voting.

Because of the pressure in that conversation and that has to happen. That war has to happen in order to have any chance of any sanity over the next 50 to 100 years because when you start looking at the unfunded liabilities all the way at the bottom of the page and you're up to $173 trillion in the next 50 years is unfunded liabilities, then the whole thing just starts to collapse. So you have to, it's not going to get fixed overnight, but it has to start somewhere. So we have to be praying for these people in authority, according to the scripture, that God will give them wisdom and a backbone to do what needs to be done because they've been kicking the can down the street for years and it's going to just destroy the generations coming behind us.

So some real quick, David. Some people are saying 2023, this could be a great year. I think mostly what I'm hearing is actually this could be worse than 2022.

So just in general, we're coming up on the break in about a minute, just kind of kick off your thoughts there, then we'll finish that on the other side of the break and talk about gold and silver as well. Last week the IMF said it's going to be a worse year than 2022. BlackRock said it's going to be a worse year than 2022.

Alan Greenspan said we're going to have a recession more than likely. And the one of the large hedge fund that was the most successful, they had one hundred and sixty three percent return on their investors money. We're talking about Eagle's View Capital Management. They set up another fund betting against all this. And they said, we're in this bet called short positions.

They said for the next several years, the pain is not yet over. Yeah. Wow. Yeah.

What do you think since they had such a good was that their return last year, David? One hundred and sixty three percent. Oh, my goodness. Yeah.

It sounds like Obi Wan or somebody else is in there. That's crazy. And you should probably against the Fed.

Yeah. Against the market. Most people are not wanting to bet against the right bet against the market. They were doing that.

And that's why they had. And that's how it paid off. Huge return.

One hundred sixty three percent. Let's see when we come back. Welcome back at Steve Noble, The Steve Noble Show.

Great to be with you today with our good friend David Fisher from Landmark Capital, landmarkgold.com is his Web site, as always doing a full money Monday today. So much to talk about as we move into the new year. And right before we hit the break, David, and again, thank you for your time that we were just kind of some some people are saying twenty twenty three is looking great. But people like the IMF and BlackRock and Greenspan, they used to be the head of the Fed saying, no, no, twenty twenty three is most likely going to be worse than twenty twenty two based on all your study and your experience.

What do you think is going to happen? I'm going to come out with this. I thought I would have it done by now, but it's been extremely swamped last week because we had this year in discount and so much more business happened. We'll talk about that in a bit.

So I wasn't able to finish this report called the good, the bad and the ugly. But hopefully this week I'll have it done. If the Fed pivots, it's going to be really good. It'll be good for stocks, good for real estate, incredible precious metals.

I don't think the Fed's going to pivot. I think it's going to get bad or ugly. And we'll talk about what that means maybe next week or, you know, maybe a full show in the near future. But I'll come out with a report.

It'll be all detailed. So I see why people are saying it's going to be good. It's but it's only going to be based upon the Fed if they pivot and the Fed last Wednesday unanimously said out of their minutes, we're not pivoting in 2023, we're going to be not lowering rates at all in 2023. So this is why Amazon now came out. They just fired 18,000 workers, Goldman Sachs, who's been on an Epic hiring spree is now in the biggest round of cuts ever. Salesforce, they just laid off 10%. 10% saw that.

Their employees. I mean, this is the the tide goes in, the tide goes out, that's where we're at. I'll tell you one thing that I'm concerned about, though, and that is mortgages. Interest rates a year ago were two and a half percent on a 30 year fix.

And now they're 7%. And the National Mortgage Association is coming out, mortgage bankers is coming out with a plan called a two to one buy down or three to one buy down. It's kind of like an arm, but you know what the interest rate is going to be.

So in other words, let's just say you're the homeowner. You can't afford the payment for a 30 year fix. So you get a discount rate the first year. You get another discount rate slightly higher the second year. But on the third year, wham, that's your full payment.

And now you have to live in reality. And so more than likely, we're probably going to have a recession in the next year or two. And in the next year or two is when this thing resets towards reality. And so they're doing the same thing they did in 2006 and 2007, which caused the 2008. Not as severe, but don't get caught up in that.

If you can't make a full payment now, don't expect in a bad economy two years from now, you'll make a full payment then when you might have possibly lost your job. And I don't want to be negative. I'm just saying there's all kinds of layoffs coming still. And so I don't see that there's this big boom. But the Fed just also came out with what you call the 7% solution. This is James Bullard, the president of St. Louis Federal Reserve. He's saying we need to raise rates to 7% this year. That's two and a half percent higher than we are right now. Which would go in line with what I've been saying they needed to get it to or higher to get inflation under control. He's finally the first Fed president saying, talking normalcy, I mean, I don't like a 7-plus percent ratio.

No, it's brutal. But historically, that's where we need to be or higher, probably closer to eight, eight and a half to get inflation under control. And as a result of all this, big banks are in trouble or they're saying, big banks are saying 2023 spells trouble, high interest rate. The Fed's not going to pivot all these things out of the 20 out of the largest banks, 23 largest financial institutions, and two thirds of them are saying we're going to have problems in 2023. So that's what the big boys are saying on Wall Street.

There's a few heard cheerleaders. Be careful. The same cheerleaders that said 2022 is going to be fantastic are pretty much the same ones yelling the same tune, and I don't know if they're going to be right until the Fed pivots and I highly doubt the Fed's going to pivot. Of course, the Fed was wrong last year. The Fed's been wrong quite a little bit. Maybe they'll either learn from that or they're going to be wrong again, but I wouldn't bank all my money on something so powerful as the Fed. No. Making a mistake.

Definitely not. And really, the takeaway from all that is we all better be working hard to control our debt and control our spending. You really have to be defensive in all of this, which, of course, brings us around to gold and silver and what you think might be going on this year. Last year was strange because the power of the dollar, which remains strong, which was really interesting and which always has an effect on gold and silver. But what do you expect this year in the gold and silver markets?

And then you mentioned a little bit ago how busy you were last week with the discount, which is traditional this time of year, but let's just start with generally 2023 for gold and silver. So China just bought 30 more tons of gold. Gold has been inching its way up to 1900 right now.

That's a psychological number. I think we're going to hit that. I think we're going to be higher. All the analysts that I've been reading who don't own a gold company, who don't own a mining company, but are just analysts from the economics fundamental standpoint, which is what we talk about, are saying we're going to have much higher prices in gold and silver. And quite a handful of them are saying this is the beginning of a major bull market in gold and silver. So if we look at last year, and last year the index for the dollar went up 7.8%, which is just huge. Gold should have been down 20%, 30% by index, paper index I'm referring to. Gold closed down a quarter of a percent paper-wise, but physical gold was up 21% called the Men's State Gold Index. Silver, its index was up 2.8% in paper, but the physical market was up 8.4%. So here's what I'm expecting for 2023. The physical market's 10% minimum, 30% on the high end.

I think that's a little bit too aggressive. I don't like saying that, but there's so many more people, not in my industry, but analysts and economists are saying these higher numbers for gold and silver, I'll say 10% to 20% conservatively. I wouldn't be surprised if it was higher than that. I don't think stocks, the indexes are going to be getting as clobbered as they were last year.

The Dow is down 9%, the S&P down close to 20%, the NASDAQ down 33%. I think if we cut those numbers in half for 2023, negative numbers, I think those are going to be realistic numbers. But if we get some green, it's not going to be till six months from now, because that's when the Fed, if they do pivot, it's going to be six months or longer from now. So a lot of it's going to be based upon the Fed, but when I come out with this report called The Good, Bad, and Ugly, it's going to give all these different scenarios. That's why there's three different types. It could be good, it could be bad, and it could be ugly. And the ugly is going to be revolving around our debt and the dollar and what government might do and causing a shutdown.

Those are the wildcards. Yeah. But all a reality and all out there is something you can go look at and measure quite easily.

It's not that big a deal. Real quick, David, real simply, why the disparity between the paper market and the physical gold market? So paper is a contract. When somebody wants to buy gold from us, they're not buying a contract in gold.

They're buying the physical gold product and we ship it to them in the mail. Okay. And that's how we've done business.

That's all. I've been doing this for 28 years. I never did any paper contracts. A paper contract is just what do you think gold is going to do when you're putting a legal bet on it? I bet gold's going to go up X amount of dollars in X amount of time. Or I bet gold's going to go down in X amount of dollars X amount of time.

That's called a contract. And people do it in the Dow, people do it in the NASDAQ, they go along, they bet the market's going to go up, they go short, they think the market's going to go down. You can do the same thing in gold. So the paper index is not reflective of reality because people buy physical gold.

It's all speculation. But usually we don't have this opposite where gold goes down in the paper market and the physical market goes up. That just tells you how strong people's belief is where we're going into some financial calamity. So again, follow your spirit, what your spirit is telling you.

If you sense things are going to get worse or it's 2023, it's not going to be anything like we're out of the woods, then you might want to think about getting some gold and silver and diversifying your portfolio. Yeah. And this isn't, I'm never going to tell anybody to divorce what you feel the Holy Spirit is saying to you versus wisdom. I mean, it's both. It's both and.

There are a few times in scripture, like in Paul's life, where the Holy Spirit interrupts in a very strange way, keeps them from going here, gives them a dream to go there. But that's not normative. That's not the count. At the same time, it's wisdom which is brought through the power of the Holy Spirit and you apply that kind of wisdom. So you have to be sensitive.

You've got to use your brain and your spirit at the same time. You mentioned the discount earlier. What's the deal with that? Is that still going on?

Yes. So last week was just extremely busy. This happens because wholesalers have to pay an inventory tax at the end of the year. And so most people don't know about this because in most of my industry, they don't pass this discount savings off to the client that Landmark Capital does. So I was like, quote, Santa, if you want to put it that way, loading up the sleigh in December, tons and tons of discounted products were coming my way. And I was buying a lot of it waiting for January to try something different instead of make it in a rush between Christmas and New Year's. I said, let's just make this easy on the client, easy on us to let's just apply this. Another program powered by the Truth Network.