1 00:00:00,120 --> 00:00:03,080 Speaker 1: Hi, this is newt You can't have a balanced portfolio 2 00:00:03,360 --> 00:00:05,720 Speaker 1: if gold and silver aren't a part of it. Gold 3 00:00:05,720 --> 00:00:08,879 Speaker 1: has broken several record highs this year as investors are 4 00:00:08,880 --> 00:00:12,640 Speaker 1: looking for a safe haven. Legacy Precious Medals is the 5 00:00:12,680 --> 00:00:15,120 Speaker 1: company I invest with, and you should give them a 6 00:00:15,160 --> 00:00:17,759 Speaker 1: call and see if a gold investment is right for you. 7 00:00:18,360 --> 00:00:22,800 Speaker 1: Legacy Precious Medals also created the official Contract with America 8 00:00:23,160 --> 00:00:27,000 Speaker 1: Silver coin that commemorates our historic house victory in nineteen 9 00:00:27,080 --> 00:00:29,800 Speaker 1: ninety four. It's one ounce of pure silver and a 10 00:00:29,840 --> 00:00:33,599 Speaker 1: piece of American history. Supplies are limited and this comemory 11 00:00:33,680 --> 00:00:37,360 Speaker 1: coin will sell out. You can buy this exclusive coin 12 00:00:37,640 --> 00:00:42,000 Speaker 1: by visiting Legacypminvestments dot com and you can also add 13 00:00:42,040 --> 00:00:46,080 Speaker 1: the Contract with America Coin to your IRA. Call Legacy 14 00:00:46,080 --> 00:00:49,320 Speaker 1: today to speak with an advisor at eight six six 15 00:00:49,880 --> 00:00:53,960 Speaker 1: four eight four four oh four three, or visit Legacy 16 00:00:54,000 --> 00:00:58,760 Speaker 1: online at Legacypminvestments dot com. Tell them I sent you 17 00:00:59,000 --> 00:01:01,600 Speaker 1: and they'll send you a free contract with America Coin 18 00:01:02,000 --> 00:01:12,319 Speaker 1: on all qualified IRA rollovers. On this episode of Newsworld, 19 00:01:12,440 --> 00:01:15,840 Speaker 1: we're going to discuss the recent shakeup in the presidential 20 00:01:15,840 --> 00:01:19,360 Speaker 1: election and the state of the economy, which still remains 21 00:01:19,360 --> 00:01:22,280 Speaker 1: the top issue on voters minds across the United States. 22 00:01:22,880 --> 00:01:26,960 Speaker 1: So I'm really pleased to welcome back my guest, Charles Thorngren, 23 00:01:27,319 --> 00:01:32,679 Speaker 1: Founder and CEO of Legacy Precious Metals. Charles, welcome, and 24 00:01:32,760 --> 00:01:35,119 Speaker 1: thank you for joining me again in news world. It's 25 00:01:35,160 --> 00:01:38,679 Speaker 1: always educational and a pleasure to talk with you. And boy, 26 00:01:38,959 --> 00:01:41,280 Speaker 1: with all the different things going on, we have a 27 00:01:41,319 --> 00:01:52,520 Speaker 1: lot to talk about. So the last couple months have 28 00:01:52,560 --> 00:01:55,880 Speaker 1: been sort of a wild roller coaster that no one 29 00:01:55,880 --> 00:02:00,360 Speaker 1: could have predicted. Biden's disastrous debate, the assassins, a nation 30 00:02:00,400 --> 00:02:04,000 Speaker 1: attempt on President Trump, Biden's last minute decision to drop 31 00:02:04,040 --> 00:02:06,760 Speaker 1: out of the race. Now we have Vice President Harris 32 00:02:07,080 --> 00:02:11,000 Speaker 1: as the presumptive nominee for the Democrats. Let's just start 33 00:02:11,639 --> 00:02:15,359 Speaker 1: by talking about the craziness of the twenty twenty four 34 00:02:15,400 --> 00:02:17,720 Speaker 1: election cycle. What kind of hits you. 35 00:02:17,840 --> 00:02:21,000 Speaker 2: Charles, Thank you for having me again. And it's interesting, 36 00:02:21,080 --> 00:02:24,080 Speaker 2: and this is a little out of my normal conversation. 37 00:02:24,240 --> 00:02:27,200 Speaker 2: You know, we mainly focus on econ, but you and 38 00:02:27,240 --> 00:02:29,640 Speaker 2: I wouldn't tell you that econ runs separate than the 39 00:02:29,680 --> 00:02:35,079 Speaker 2: political world. So when I see everything that's happening, it 40 00:02:35,360 --> 00:02:41,680 Speaker 2: just really reinforces to me just how divided this country 41 00:02:41,800 --> 00:02:48,000 Speaker 2: is on simple things. It's a scenario to where any 42 00:02:48,240 --> 00:02:52,640 Speaker 2: assassination attempt, regardless of who it is, is wrong. But 43 00:02:52,800 --> 00:02:58,079 Speaker 2: to have someone be shot at while running for the office, 44 00:02:58,919 --> 00:03:02,040 Speaker 2: that's a scary thing for me. That to me, and 45 00:03:02,200 --> 00:03:04,320 Speaker 2: the investigation will shake out a lot of things. I'm 46 00:03:04,360 --> 00:03:07,679 Speaker 2: sure one of the first things is we realize that 47 00:03:07,840 --> 00:03:11,600 Speaker 2: you have to hire people in those positions based on 48 00:03:11,680 --> 00:03:15,040 Speaker 2: their merits, not in an agenda. That's the first and 49 00:03:15,080 --> 00:03:17,079 Speaker 2: foremost thing we want to look at and say, Okay, 50 00:03:17,360 --> 00:03:21,360 Speaker 2: your qualifications matter. I mean, that's something that I think 51 00:03:21,520 --> 00:03:24,320 Speaker 2: we need to get back to as a nation. Quit 52 00:03:24,400 --> 00:03:27,520 Speaker 2: worrying about quotas and deis and things, and let's hire 53 00:03:27,560 --> 00:03:32,680 Speaker 2: people right for the job. The fact that President Trump 54 00:03:33,639 --> 00:03:37,840 Speaker 2: wasn't assassinated and was just an attempt is the difference 55 00:03:37,920 --> 00:03:42,320 Speaker 2: of an inch, and the fact that it was something 56 00:03:42,360 --> 00:03:47,000 Speaker 2: that was pointed out ahead of time really magnifies to 57 00:03:47,080 --> 00:03:52,440 Speaker 2: me the importance again of doing things because they're right, 58 00:03:52,560 --> 00:03:55,520 Speaker 2: and doing things and hiring people because they are right. 59 00:03:56,480 --> 00:03:59,560 Speaker 2: Let's focus again on the qualities that matter. Let's make 60 00:03:59,560 --> 00:04:02,480 Speaker 2: sure the people are qualified to do what they're hired 61 00:04:02,560 --> 00:04:06,000 Speaker 2: to do. And that's just in this one situation we're 62 00:04:06,000 --> 00:04:08,600 Speaker 2: talking about, you know, the director of the Secret Service, 63 00:04:09,280 --> 00:04:13,080 Speaker 2: but we have many examples of that. The entire fiasco 64 00:04:13,160 --> 00:04:16,600 Speaker 2: of what we've seen this year, it just really brings 65 00:04:16,640 --> 00:04:19,720 Speaker 2: that even further in mind, and for me, it impresses 66 00:04:19,839 --> 00:04:23,680 Speaker 2: upon me and those that I know, we need leadership 67 00:04:23,720 --> 00:04:26,160 Speaker 2: that matters again. We need to get back to that. 68 00:04:27,080 --> 00:04:33,000 Speaker 2: We've had this farce of qualification in all aspects of 69 00:04:33,040 --> 00:04:37,560 Speaker 2: government recently that really needs to be brought out and fixed. 70 00:04:38,360 --> 00:04:42,000 Speaker 2: We have a vice president who's being almost to some degree, 71 00:04:42,279 --> 00:04:46,120 Speaker 2: given the title, shot given the opportunity to run for president, 72 00:04:46,760 --> 00:04:49,440 Speaker 2: And to be honest with you, nut if I were 73 00:04:49,480 --> 00:04:52,800 Speaker 2: a Democrat, I would be upset that I didn't have 74 00:04:53,080 --> 00:04:56,120 Speaker 2: a choice in that decision, that it wasn't done in 75 00:04:56,160 --> 00:05:00,440 Speaker 2: a manner like every other convention where we had the 76 00:05:00,440 --> 00:05:04,039 Speaker 2: most qualified people standing up and saying I'm auditioning for 77 00:05:04,080 --> 00:05:06,600 Speaker 2: this job. Here's what I stand for, here's what I 78 00:05:06,640 --> 00:05:09,680 Speaker 2: believe in, Here's why you should bring me as the 79 00:05:09,760 --> 00:05:13,200 Speaker 2: leader of your political party to the office. And we're 80 00:05:13,240 --> 00:05:15,640 Speaker 2: missing that. And that's a scary trend for me. That's 81 00:05:15,640 --> 00:05:18,360 Speaker 2: a scary situation. It kind of goes against what we 82 00:05:18,520 --> 00:05:20,440 Speaker 2: do here in America by voting. 83 00:05:20,720 --> 00:05:24,120 Speaker 1: I've been surprised the number of people who've said it's 84 00:05:24,240 --> 00:05:27,800 Speaker 1: just not right. Patrick Basham did a survey at the 85 00:05:27,839 --> 00:05:31,400 Speaker 1: Democracy Institute, and sixty percent of the country said that 86 00:05:31,480 --> 00:05:36,880 Speaker 1: the way Biden was forced out was undemocratic, and about 87 00:05:36,880 --> 00:05:40,279 Speaker 1: the same percent said that the way that Kamala Harris 88 00:05:40,400 --> 00:05:43,560 Speaker 1: was forced on the ticket was also on democratic. So 89 00:05:43,800 --> 00:05:46,400 Speaker 1: there's a pretty big block of a country that agrees 90 00:05:46,440 --> 00:05:50,080 Speaker 1: with you. When I watched the debate between Trump and Biden, 91 00:05:50,920 --> 00:05:53,080 Speaker 1: I sort of went in thinking, you know, if Biden 92 00:05:53,160 --> 00:05:56,520 Speaker 1: made two or three mistakes, from Trump's perspective, that would 93 00:05:56,560 --> 00:05:59,599 Speaker 1: be a good night. And starting with that very first answer, 94 00:06:00,400 --> 00:06:02,960 Speaker 1: my jaw kind of dropped open because it had never 95 00:06:03,040 --> 00:06:08,360 Speaker 1: occurred to me that Biden would be as weak and 96 00:06:08,440 --> 00:06:11,440 Speaker 1: as confused as he was that night. And it goes 97 00:06:11,480 --> 00:06:14,520 Speaker 1: back to your point just about sure competence, that whether 98 00:06:14,560 --> 00:06:16,839 Speaker 1: you like him or you don't like him, when you 99 00:06:16,920 --> 00:06:21,440 Speaker 1: have somebody at that level who can't function, it's a 100 00:06:21,440 --> 00:06:22,160 Speaker 1: little scary. 101 00:06:23,120 --> 00:06:26,560 Speaker 2: Definitely is, and I think it really does bring to 102 00:06:26,640 --> 00:06:29,479 Speaker 2: mind the fact that we need change, and I don't 103 00:06:29,520 --> 00:06:31,880 Speaker 2: mean just in this election. We need to really change 104 00:06:31,880 --> 00:06:35,240 Speaker 2: the way we think about the way America should be run, 105 00:06:35,279 --> 00:06:38,080 Speaker 2: the way America should hold itself, the way we should 106 00:06:38,080 --> 00:06:42,520 Speaker 2: hold the respect for people in office in mind as well, 107 00:06:43,480 --> 00:06:47,479 Speaker 2: because if we were truely respectful of President Biden, we 108 00:06:47,560 --> 00:06:52,040 Speaker 2: would have said there's issues his campaign should have been 109 00:06:52,040 --> 00:06:54,880 Speaker 2: addressing that long ago, and we as the American people, 110 00:06:54,880 --> 00:06:57,400 Speaker 2: should have known long ago things weren't as good as 111 00:06:57,440 --> 00:07:00,680 Speaker 2: we were told. I think that's an important part the process. 112 00:07:01,800 --> 00:07:05,000 Speaker 1: How much does that lead you to think about sort 113 00:07:05,000 --> 00:07:08,960 Speaker 1: of a flight to safety in investing terms, just because 114 00:07:08,960 --> 00:07:13,280 Speaker 1: you're looking at a level of political and governmental turbulences 115 00:07:13,840 --> 00:07:15,840 Speaker 1: really very unusual for the US. 116 00:07:17,000 --> 00:07:19,240 Speaker 2: We are in an unusual time. If you look at 117 00:07:19,240 --> 00:07:23,400 Speaker 2: the events over the past decade, America's has some struggle, right, 118 00:07:23,600 --> 00:07:27,360 Speaker 2: we had a pandemic, two point seven million people lost 119 00:07:27,400 --> 00:07:32,520 Speaker 2: their jobs for safety, and then we had a government 120 00:07:32,560 --> 00:07:36,680 Speaker 2: take over that the solution was to spend more money, 121 00:07:37,720 --> 00:07:41,960 Speaker 2: not address the real issues, get involved in things that 122 00:07:42,000 --> 00:07:46,840 Speaker 2: didn't matter. No economic principle forethought the amount of debt 123 00:07:46,920 --> 00:07:50,720 Speaker 2: we have now. So when you look at that and 124 00:07:50,760 --> 00:07:53,760 Speaker 2: say what does politics mean, what does this uncertainty mean 125 00:07:53,880 --> 00:07:57,040 Speaker 2: for the economy, it's everything, and the economy is why 126 00:07:57,080 --> 00:08:01,280 Speaker 2: we invest. If everything were perfect, we wouldn't need investments. 127 00:08:01,320 --> 00:08:03,760 Speaker 2: We'd be able to just save money as people and 128 00:08:03,800 --> 00:08:06,040 Speaker 2: make sure that we saved enough to retire on. But 129 00:08:06,080 --> 00:08:08,360 Speaker 2: that's not the way economies work. That's not the way 130 00:08:08,400 --> 00:08:13,080 Speaker 2: government works. You need to create an economy so that 131 00:08:13,160 --> 00:08:16,239 Speaker 2: government can collect taxes and that you hope they spend 132 00:08:16,280 --> 00:08:19,520 Speaker 2: those moneys correctly so that the country grows, and that 133 00:08:19,920 --> 00:08:22,400 Speaker 2: you grow and your investments can grow, so that you 134 00:08:22,440 --> 00:08:25,840 Speaker 2: can be afforded that safety that you want for retirement 135 00:08:25,840 --> 00:08:28,480 Speaker 2: and for just everyday living. So when we look now, 136 00:08:28,560 --> 00:08:32,080 Speaker 2: I think it's more important now than ever to make 137 00:08:32,120 --> 00:08:36,800 Speaker 2: sure that we fix a scenario within government, within the economy, 138 00:08:37,200 --> 00:08:40,520 Speaker 2: within businesses, but also more importantly with the way we 139 00:08:40,600 --> 00:08:44,400 Speaker 2: invest in safe That to me, is the one thing 140 00:08:44,480 --> 00:08:47,280 Speaker 2: we have complete control of. It's the way we invest in, 141 00:08:47,280 --> 00:08:49,720 Speaker 2: the way we save. That's the one thing that we 142 00:08:49,760 --> 00:08:54,400 Speaker 2: can do no matter who's in office. So it draws 143 00:08:55,160 --> 00:08:58,280 Speaker 2: to me the fact that it's the most important thing 144 00:08:58,320 --> 00:09:01,280 Speaker 2: that we can do for ourselves is to make sure 145 00:09:01,320 --> 00:09:02,680 Speaker 2: that we manage that correctly. 146 00:09:03,440 --> 00:09:06,240 Speaker 1: The next Federal Reserve Board meeting is going to be 147 00:09:06,360 --> 00:09:09,360 Speaker 1: July thirtieth and thirty First, what is your gut tey you, 148 00:09:09,400 --> 00:09:10,480 Speaker 1: what do you think is going to happen? 149 00:09:10,520 --> 00:09:15,400 Speaker 2: Then there's two trains of thought. My thought, okay, as 150 00:09:15,440 --> 00:09:18,000 Speaker 2: a person who is not in thinking of it on 151 00:09:18,040 --> 00:09:22,560 Speaker 2: the political side, is we still have inflation. Now. The 152 00:09:22,640 --> 00:09:28,400 Speaker 2: Board's job is to maintain a controllable inflation. That's their 153 00:09:28,400 --> 00:09:31,160 Speaker 2: first job. The second job is to keep the economy strong. 154 00:09:32,160 --> 00:09:35,120 Speaker 2: We've done neither. Okay, the Federal Reserve has done neither. 155 00:09:35,240 --> 00:09:38,280 Speaker 2: This past four years has been a debacle. Is it 156 00:09:38,320 --> 00:09:40,920 Speaker 2: all their fault? No, we did have a pandemic. We 157 00:09:41,080 --> 00:09:44,000 Speaker 2: did have this emergency situation that happened in here in 158 00:09:44,040 --> 00:09:47,040 Speaker 2: the United States. But that's done. It should have been 159 00:09:47,040 --> 00:09:52,079 Speaker 2: fixed by now. If you're speaking on a true economic principle, 160 00:09:52,160 --> 00:09:55,840 Speaker 2: inflation is still too high. The key to that is 161 00:09:55,880 --> 00:10:01,840 Speaker 2: to raise rates, but we don't have the political stomach 162 00:10:02,240 --> 00:10:04,920 Speaker 2: to do that right now. So I think rate cuts 163 00:10:04,920 --> 00:10:08,920 Speaker 2: are coming, it's just a matter of when. And the 164 00:10:09,040 --> 00:10:14,280 Speaker 2: issue with that is you create an opportunity for inflation 165 00:10:14,400 --> 00:10:17,200 Speaker 2: to run away on top of the fact that we 166 00:10:17,280 --> 00:10:20,560 Speaker 2: have a recession coming. We see that in the GDP numbers, 167 00:10:20,640 --> 00:10:23,680 Speaker 2: and you see that in business for the first time 168 00:10:23,800 --> 00:10:28,880 Speaker 2: in twenty five years now, I believe McDonald's does not 169 00:10:29,040 --> 00:10:33,520 Speaker 2: have the growth that it's used to. Something as recognizable 170 00:10:33,559 --> 00:10:37,760 Speaker 2: as McDonald's. It doesn't have growth. And that's just one 171 00:10:37,840 --> 00:10:40,040 Speaker 2: company of many that are out there. It's probably one 172 00:10:40,040 --> 00:10:44,080 Speaker 2: of those names that everyone knows of. Everyone's familiar with McDonald's, 173 00:10:44,440 --> 00:10:47,319 Speaker 2: and they're not in a good situation. They don't have 174 00:10:47,440 --> 00:10:52,199 Speaker 2: growth year over year, so they're hurting. But this is systemic, 175 00:10:52,679 --> 00:10:55,400 Speaker 2: and this is why this recession that comes now is 176 00:10:55,440 --> 00:10:59,880 Speaker 2: so important. We have high interest rates, so it makes 177 00:10:59,880 --> 00:11:04,440 Speaker 2: it hard for companies and for businesses to refinance things. 178 00:11:04,440 --> 00:11:06,960 Speaker 2: It makes it harder for them to go out and 179 00:11:08,040 --> 00:11:11,760 Speaker 2: build and create growth because the cost of money is 180 00:11:11,800 --> 00:11:16,360 Speaker 2: too expensive. But we're fighting that same principle with the 181 00:11:16,360 --> 00:11:24,360 Speaker 2: fact that we have high inflation. So it's a dilemma. 182 00:11:30,080 --> 00:11:33,080 Speaker 1: Hi, this is newt You can't have a balanced portfolio 183 00:11:33,360 --> 00:11:35,680 Speaker 1: if gold and silver aren't a part of it. Gold 184 00:11:35,720 --> 00:11:38,880 Speaker 1: has broken several record highs this year as investors are 185 00:11:38,880 --> 00:11:42,640 Speaker 1: looking for a safe haven. Legacy Precious Metals is the 186 00:11:42,679 --> 00:11:45,120 Speaker 1: company I invest with, and you should give them a 187 00:11:45,160 --> 00:11:47,760 Speaker 1: call and see if a gold investment is right for you. 188 00:11:48,360 --> 00:11:52,800 Speaker 1: Legacy Precious Metals also created the official Contract with America 189 00:11:53,160 --> 00:11:56,960 Speaker 1: Silver coin that commemorates our historic House victory in nineteen 190 00:11:57,040 --> 00:11:59,720 Speaker 1: ninety four. It's one ounce of pure silver and a 191 00:11:59,720 --> 00:12:03,199 Speaker 1: peace of American history. Supplies are limited and this co 192 00:12:03,320 --> 00:12:07,079 Speaker 1: memory coin will sell out. You can buy this exclusive 193 00:12:07,120 --> 00:12:11,760 Speaker 1: coin by visiting Legacypminvestments dot com and you can also 194 00:12:11,800 --> 00:12:15,480 Speaker 1: add the contract with America Coin to your IRA. Call 195 00:12:15,600 --> 00:12:18,800 Speaker 1: Legacy Today to speak with an advisor at eight six 196 00:12:19,000 --> 00:12:23,319 Speaker 1: six four eight four four oh four three, or visit 197 00:12:23,440 --> 00:12:28,760 Speaker 1: Legacy online at Legacypminvestments dot com. Tell them I sent you, 198 00:12:29,000 --> 00:12:31,640 Speaker 1: and they'll send you a free contract with America Coin 199 00:12:32,000 --> 00:12:40,040 Speaker 1: on all qualified IRA rollovers. I noticed, though, that the 200 00:12:40,160 --> 00:12:43,640 Speaker 1: FED in the twenty twenty two to twenty twenty three 201 00:12:43,720 --> 00:12:48,760 Speaker 1: period increased rates eleven times, but then from July twenty 202 00:12:48,760 --> 00:12:51,280 Speaker 1: three on on they stopped. That they've held them steady 203 00:12:51,640 --> 00:12:54,640 Speaker 1: that around five point twenty five or five point five percent. 204 00:12:55,120 --> 00:12:58,880 Speaker 1: Do you think they're more afraid of triggering a recession? 205 00:12:59,240 --> 00:13:02,880 Speaker 1: The inflation is still well above the two percent goal. 206 00:13:03,400 --> 00:13:07,040 Speaker 1: I'm curious why you think they have not done anything 207 00:13:07,520 --> 00:13:09,320 Speaker 1: since July of twenty twenty three. 208 00:13:10,720 --> 00:13:13,160 Speaker 2: I believe is that they did not want to be 209 00:13:14,720 --> 00:13:20,239 Speaker 2: the FED that raised rates fourteen times, not just eleven times. 210 00:13:20,840 --> 00:13:22,760 Speaker 2: We've talked about it in the past, and we should 211 00:13:22,760 --> 00:13:27,600 Speaker 2: have raised rates. The FED had an opportunity to really 212 00:13:27,720 --> 00:13:30,719 Speaker 2: stamp down inflation and to bring it back into its 213 00:13:30,760 --> 00:13:35,640 Speaker 2: own guidelines in twenty twenty three. They didn't have the courage. 214 00:13:35,679 --> 00:13:40,360 Speaker 2: Whether it was over cautiousness or we do need to 215 00:13:40,400 --> 00:13:42,840 Speaker 2: add this to the mix, whether it was political in 216 00:13:42,920 --> 00:13:46,800 Speaker 2: nature where they're being pressured to not raise again because 217 00:13:46,880 --> 00:13:50,440 Speaker 2: everyone was complaining about the cost of money and businesses 218 00:13:50,440 --> 00:13:54,600 Speaker 2: were beginning to say this will generate a recession. We're 219 00:13:54,600 --> 00:13:57,000 Speaker 2: feeling the effect of it. We can't get the growth 220 00:13:57,040 --> 00:13:59,280 Speaker 2: that we want because we can't afford the money at 221 00:13:59,280 --> 00:14:04,839 Speaker 2: this point. So you have a scenario where the FED 222 00:14:04,960 --> 00:14:10,160 Speaker 2: had the ability, I believe, to really take inflation down 223 00:14:10,160 --> 00:14:13,200 Speaker 2: and get it under control and meet its guidelines. It 224 00:14:13,400 --> 00:14:16,240 Speaker 2: just would have caused a little bit more pain, but 225 00:14:16,280 --> 00:14:18,760 Speaker 2: they chose to not do that. So now we will 226 00:14:18,760 --> 00:14:21,960 Speaker 2: feel that pain on both sides for a much longer 227 00:14:22,000 --> 00:14:25,080 Speaker 2: period of time. You have to have courage to take 228 00:14:25,120 --> 00:14:28,640 Speaker 2: that kind of maneuver, and we don't see that kind 229 00:14:28,680 --> 00:14:32,040 Speaker 2: of courage in politics nowadays, and most people you're in a. 230 00:14:32,000 --> 00:14:35,600 Speaker 1: Situation where a lot of the economic so called economic 231 00:14:35,640 --> 00:14:38,520 Speaker 1: growth is amazing. I think the governor of New York 232 00:14:38,600 --> 00:14:41,720 Speaker 1: just said that virtually all of their recent economic growth 233 00:14:42,240 --> 00:14:47,160 Speaker 1: is actually theft from medicaid, not medicaid, theft from medicaid. 234 00:14:47,440 --> 00:14:50,040 Speaker 1: And you see these things around the country where government 235 00:14:50,080 --> 00:14:54,080 Speaker 1: has been a much bigger part of job growth, for example, 236 00:14:54,440 --> 00:14:58,000 Speaker 1: than I think anytime outside of wartime. I'm very curious 237 00:14:58,000 --> 00:15:00,280 Speaker 1: in that sense, when you look out over the next 238 00:15:00,400 --> 00:15:03,240 Speaker 1: six months or a year, are you confident in the 239 00:15:03,280 --> 00:15:04,840 Speaker 1: economy orre you a global worried. 240 00:15:05,720 --> 00:15:08,160 Speaker 2: I'm very worried. I'm not even just a little worried. 241 00:15:08,800 --> 00:15:11,400 Speaker 2: There will be a recession. There has to be. We 242 00:15:11,440 --> 00:15:16,200 Speaker 2: can't float this much money into an economy. We can't 243 00:15:16,560 --> 00:15:22,240 Speaker 2: talk about raising tax rates on businesses. We can't talk 244 00:15:22,240 --> 00:15:28,280 Speaker 2: about money costing so much. The ability to generate job growth, 245 00:15:28,360 --> 00:15:32,360 Speaker 2: the ability to generate economic growth and business growth can't 246 00:15:32,400 --> 00:15:35,720 Speaker 2: be this expensive. One of the things we don't figure 247 00:15:35,760 --> 00:15:39,400 Speaker 2: into that calculation. Everyone talks about the interest rate. Here's 248 00:15:39,440 --> 00:15:41,760 Speaker 2: where it's even more important that most people leave out. 249 00:15:41,920 --> 00:15:46,360 Speaker 2: Your major corporations and entities. They typically have bonds to 250 00:15:46,440 --> 00:15:49,480 Speaker 2: they issue to cover debt that's how they create growth 251 00:15:49,840 --> 00:15:52,040 Speaker 2: through the bond market, not the equity market, but through 252 00:15:52,040 --> 00:15:57,440 Speaker 2: the bond market. For them, now you take old debt 253 00:15:58,160 --> 00:16:02,080 Speaker 2: and refund it costs so much more now that some 254 00:16:02,160 --> 00:16:04,400 Speaker 2: of them are thinking about retiring the debt and taking 255 00:16:04,440 --> 00:16:07,840 Speaker 2: cash off the books because the amount that they have 256 00:16:07,920 --> 00:16:11,000 Speaker 2: to pay now for that bond is so much more 257 00:16:11,040 --> 00:16:13,360 Speaker 2: that it doesn't make sense for them to create this 258 00:16:13,480 --> 00:16:17,640 Speaker 2: kind of debt over the next ten years. And this 259 00:16:17,840 --> 00:16:19,600 Speaker 2: is one of the major things that we will get 260 00:16:19,720 --> 00:16:22,400 Speaker 2: to see happen as we get closer to the end 261 00:16:22,400 --> 00:16:26,040 Speaker 2: of the year, so you will see the financing of 262 00:16:26,160 --> 00:16:28,760 Speaker 2: some major corporations really take a hit. 263 00:16:29,680 --> 00:16:33,520 Speaker 1: In that process. The national debt has grown by a 264 00:16:33,520 --> 00:16:38,200 Speaker 1: little bit over seven trillion dollars since Biden took office. 265 00:16:38,360 --> 00:16:40,720 Speaker 1: We now have this enormous debt I think somewhere of 266 00:16:40,760 --> 00:16:43,480 Speaker 1: the thirty four trillion dollar inch. How much does that 267 00:16:43,520 --> 00:16:48,440 Speaker 1: weigh down on the economy and provide an inhibitor to 268 00:16:48,600 --> 00:16:49,560 Speaker 1: economic growth. 269 00:16:50,280 --> 00:16:52,800 Speaker 2: There's some damage that we know. The damage that we 270 00:16:52,920 --> 00:16:57,040 Speaker 2: don't know is the psychological damage of the investor, and 271 00:16:57,080 --> 00:17:01,920 Speaker 2: not just our investors, but worldwide. When you increase your 272 00:17:02,040 --> 00:17:04,760 Speaker 2: debt that much and you get to the point where 273 00:17:05,520 --> 00:17:08,320 Speaker 2: your heyment of that debt is one hundred and twenty 274 00:17:08,359 --> 00:17:14,000 Speaker 2: six percent of your GDP. That's called bankruptcy. If the 275 00:17:14,119 --> 00:17:18,520 Speaker 2: United States was a corporation, it would be bankrupt. It 276 00:17:18,560 --> 00:17:22,680 Speaker 2: would maintain twenty six percent more debt per year than 277 00:17:22,720 --> 00:17:28,879 Speaker 2: what it produces. That's unsustainable. That's bad money management. And 278 00:17:28,960 --> 00:17:35,639 Speaker 2: it's not going away because we still have six more months. 279 00:17:35,680 --> 00:17:38,360 Speaker 2: The only thing more dangerous to me than a Democrat 280 00:17:38,400 --> 00:17:41,919 Speaker 2: is a Democrat that knows there's no repercussion. He's not 281 00:17:41,960 --> 00:17:45,800 Speaker 2: looking for office again. He can now do anything he 282 00:17:45,880 --> 00:17:49,560 Speaker 2: desires that he can get away with politically, there's no 283 00:17:49,680 --> 00:17:53,960 Speaker 2: repercussion to him. So I would imagine we'll see more 284 00:17:54,000 --> 00:17:57,480 Speaker 2: student loan forgiveness. I would imagine we'll see more money 285 00:17:57,520 --> 00:18:01,520 Speaker 2: going overseas whenever it's possible under executive orders, versus the 286 00:18:01,600 --> 00:18:04,960 Speaker 2: normal business that we do as a government. And this 287 00:18:05,119 --> 00:18:08,280 Speaker 2: is the scary part, because the numbers we talk about 288 00:18:08,320 --> 00:18:11,800 Speaker 2: are as of now, not what's going to be left 289 00:18:11,920 --> 00:18:14,720 Speaker 2: in six months when this damage is perpetuated. 290 00:18:14,960 --> 00:18:17,440 Speaker 1: When you see all this and you look down the 291 00:18:17,520 --> 00:18:20,480 Speaker 1: road of what's sort of a really big split in 292 00:18:20,520 --> 00:18:24,000 Speaker 1: the road between what a Harris presidency would be like, 293 00:18:24,560 --> 00:18:27,399 Speaker 1: and what a Trump presidency like. How do you measure 294 00:18:27,440 --> 00:18:30,320 Speaker 1: those two from it purely not political, but from an 295 00:18:30,320 --> 00:18:33,679 Speaker 1: economic standpoint, looking at the fate of the economy and 296 00:18:33,720 --> 00:18:36,320 Speaker 1: the fate of inflation, and the fate of the value 297 00:18:36,320 --> 00:18:36,760 Speaker 1: of money. 298 00:18:37,840 --> 00:18:42,000 Speaker 2: That's great question, and I'll tell you. Normally answer as 299 00:18:42,280 --> 00:18:44,240 Speaker 2: the economic side, I'm going to answer as the political 300 00:18:44,320 --> 00:18:46,280 Speaker 2: side now, and I'll tell you why I have to 301 00:18:46,320 --> 00:18:50,040 Speaker 2: do that. If we have a president Harris, I have 302 00:18:50,160 --> 00:18:53,960 Speaker 2: no way to judge what she will do. There is 303 00:18:54,040 --> 00:18:58,040 Speaker 2: no business education within her. There is no aspect of 304 00:18:58,119 --> 00:19:02,120 Speaker 2: knowing how to run a budget. There is no aspect 305 00:19:02,240 --> 00:19:07,280 Speaker 2: of her anything that deals with the economy. If Kamala 306 00:19:07,320 --> 00:19:12,800 Speaker 2: Harris wins, we know her background is in criminal in law, 307 00:19:13,600 --> 00:19:16,800 Speaker 2: nothing to do with the economy, nothing to do with 308 00:19:17,640 --> 00:19:21,439 Speaker 2: running a country. She doesn't even have experience as running 309 00:19:21,440 --> 00:19:24,520 Speaker 2: a business. She's never even owned her own business. This 310 00:19:24,560 --> 00:19:27,159 Speaker 2: is a person who was involved in government from the 311 00:19:27,240 --> 00:19:31,919 Speaker 2: day she graduated college. So when we say what do 312 00:19:32,000 --> 00:19:37,080 Speaker 2: we expect with a president Harris, I have a hard 313 00:19:37,080 --> 00:19:39,280 Speaker 2: time giving you that answer. The only thing that I 314 00:19:39,320 --> 00:19:42,520 Speaker 2: can assume is more of Joe Biden, because that's her 315 00:19:42,600 --> 00:19:47,719 Speaker 2: experience and I've never heard a point where she disagreed 316 00:19:47,760 --> 00:19:52,159 Speaker 2: with anything that President Biden has said or done. I 317 00:19:52,200 --> 00:19:55,080 Speaker 2: know the vice president's job isn't to necessarily disagree with 318 00:19:55,119 --> 00:19:59,399 Speaker 2: the president, but I've never heard any form of wavering, 319 00:20:00,240 --> 00:20:03,960 Speaker 2: just full support. So I'm left to assume it's more 320 00:20:04,000 --> 00:20:08,200 Speaker 2: of the same because there's nothing else to judge it on. Now. 321 00:20:08,240 --> 00:20:10,000 Speaker 2: I look at President Trump, and I'm going to say 322 00:20:10,000 --> 00:20:12,760 Speaker 2: something too. I expect more of the same from him. 323 00:20:12,840 --> 00:20:16,040 Speaker 2: I expect to see the same results that we saw 324 00:20:16,080 --> 00:20:19,280 Speaker 2: the first time he was in office, the only difference 325 00:20:19,359 --> 00:20:24,640 Speaker 2: being is a time to fix the damage that's been done, 326 00:20:25,240 --> 00:20:28,719 Speaker 2: and that's going to take some time. If President Trump 327 00:20:28,760 --> 00:20:31,360 Speaker 2: wins again and takes office, he's not getting the same 328 00:20:31,400 --> 00:20:35,400 Speaker 2: America that he got in twenty sixteen. It's a much 329 00:20:35,440 --> 00:20:39,160 Speaker 2: different America, with a lot more debt and a lot 330 00:20:39,200 --> 00:20:43,680 Speaker 2: more wars going on, and a lot more unrest and 331 00:20:43,760 --> 00:20:47,919 Speaker 2: a lot of ridiculousness. So I expect him to manage 332 00:20:47,960 --> 00:20:51,199 Speaker 2: it the way that he has in the past, but 333 00:20:51,359 --> 00:20:54,960 Speaker 2: with a bigger transition period to get things fixed. So 334 00:20:55,000 --> 00:20:56,840 Speaker 2: when I look at it from the economy wise, I 335 00:20:56,880 --> 00:20:59,760 Speaker 2: have to say we're in for a couple of rough 336 00:20:59,840 --> 00:21:03,960 Speaker 2: years now, a couple of rough years, as if President 337 00:21:03,960 --> 00:21:08,320 Speaker 2: Trump wins again, six to seven more rough years if 338 00:21:08,359 --> 00:21:11,879 Speaker 2: we have a president Harris win because I don't see 339 00:21:11,880 --> 00:21:15,199 Speaker 2: that there's any way or any knowledge from her or 340 00:21:15,280 --> 00:21:18,879 Speaker 2: experience from her to manage what's the most important thing 341 00:21:18,920 --> 00:21:26,440 Speaker 2: on people's minds. 342 00:21:30,080 --> 00:21:32,920 Speaker 1: Hi, this is new gold has broken several record highs 343 00:21:32,920 --> 00:21:35,359 Speaker 1: this year, and Legacy Precious Metals, of the company I 344 00:21:35,400 --> 00:21:38,879 Speaker 1: personally invest with, together we created the official contract with 345 00:21:38,960 --> 00:21:42,480 Speaker 1: America Silver Coin that commemorates our historic house victory in 346 00:21:42,560 --> 00:21:45,879 Speaker 1: nineteen ninety four. Supplies are limited and this commemorative coin 347 00:21:46,200 --> 00:21:49,680 Speaker 1: will sell out. Go to Legacypminvestments dot com or call 348 00:21:49,720 --> 00:21:52,480 Speaker 1: them at age sixty six four eight four four oh 349 00:21:52,520 --> 00:21:54,959 Speaker 1: four three d eight yours today, Tell them I sent you, 350 00:21:55,040 --> 00:21:57,560 Speaker 1: and they'll send you a free contract with America Coin 351 00:21:57,720 --> 00:22:07,520 Speaker 1: on all qualified IRA rollovers. Where does investing in gold 352 00:22:07,560 --> 00:22:13,000 Speaker 1: and silver fit into an investment portfolio when the range 353 00:22:13,000 --> 00:22:16,800 Speaker 1: of futures is as wide open as you just described. 354 00:22:17,720 --> 00:22:19,720 Speaker 2: I don't want to overstate this. I know this is 355 00:22:19,760 --> 00:22:22,160 Speaker 2: what I do, and I talk a lot about gold 356 00:22:22,200 --> 00:22:24,640 Speaker 2: and silver, but I talk a lot about the economy too, 357 00:22:25,119 --> 00:22:27,280 Speaker 2: And I will say that I've never seen a time 358 00:22:27,320 --> 00:22:31,359 Speaker 2: where it was more important for people to be invested 359 00:22:31,400 --> 00:22:34,360 Speaker 2: in precious metals than right now. And I don't say 360 00:22:34,359 --> 00:22:36,800 Speaker 2: that lightly. We've talked a lot, you know. I'm not 361 00:22:36,840 --> 00:22:39,199 Speaker 2: that kind of guy who's going to jump up on 362 00:22:39,240 --> 00:22:42,800 Speaker 2: a soapbox and scream and shout. Just not what I do. 363 00:22:43,600 --> 00:22:49,480 Speaker 2: But we have high inflation, we have massive debt, we 364 00:22:49,640 --> 00:22:52,399 Speaker 2: have a dollar that is on the brink of breaking 365 00:22:52,440 --> 00:22:57,440 Speaker 2: because of that debt. We have a recession coming, and 366 00:22:57,480 --> 00:23:02,200 Speaker 2: we have a country divided. There is no more important 367 00:23:02,240 --> 00:23:05,600 Speaker 2: time than right now. Even if you've never thought about 368 00:23:05,640 --> 00:23:09,600 Speaker 2: precious metals, it's the time to think about it. And 369 00:23:09,640 --> 00:23:11,639 Speaker 2: if you have precious metals, it's a time to look 370 00:23:11,680 --> 00:23:15,240 Speaker 2: at it and say, in my position correctly, because the 371 00:23:15,280 --> 00:23:19,439 Speaker 2: recession that comes will affect the equities market, and that 372 00:23:19,600 --> 00:23:22,760 Speaker 2: is the most common form of investment for Americans. There's 373 00:23:22,880 --> 00:23:26,040 Speaker 2: others out there, there's other alternative assets as well, but 374 00:23:26,119 --> 00:23:29,640 Speaker 2: the most prevalent is, you know, the equities market. I've 375 00:23:29,760 --> 00:23:33,720 Speaker 2: never seen a time where the risk was greater than now. 376 00:23:34,560 --> 00:23:38,240 Speaker 2: If I use this Shielder Pe ratio, we're one hundred 377 00:23:38,280 --> 00:23:41,719 Speaker 2: and ninety one percent overvalued in the equities market. I 378 00:23:41,760 --> 00:23:46,360 Speaker 2: have never seen that in my lifetime. Ever. I've been 379 00:23:46,400 --> 00:23:50,119 Speaker 2: through some crashes, it's never been as strong as it 380 00:23:50,200 --> 00:23:54,160 Speaker 2: is right now. So folks, even if you don't get 381 00:23:54,160 --> 00:23:59,320 Speaker 2: precious metals, find a way to protect yourself. All the 382 00:23:59,359 --> 00:24:03,959 Speaker 2: indications are there. And this is not because of just 383 00:24:04,000 --> 00:24:07,320 Speaker 2: a bad economy. This is because of bad policy. This 384 00:24:07,400 --> 00:24:10,879 Speaker 2: is what brings us here. So people ask me to 385 00:24:10,960 --> 00:24:13,480 Speaker 2: these their vote count I tell them this is exactly 386 00:24:13,560 --> 00:24:15,000 Speaker 2: why every vote counts. 387 00:24:15,400 --> 00:24:19,840 Speaker 1: If somebody wants to learn more about legacy precious metals 388 00:24:19,880 --> 00:24:21,960 Speaker 1: just as an entry point, they've never done anything at all. 389 00:24:22,480 --> 00:24:24,719 Speaker 1: There are a number of companies, you see them advertised 390 00:24:24,720 --> 00:24:27,600 Speaker 1: on TV and on radio. Why should they come to 391 00:24:27,680 --> 00:24:32,639 Speaker 1: Legacy precious Metals to start learning about the whole process? 392 00:24:33,960 --> 00:24:38,600 Speaker 2: And that's a great question. Why legacy precious medals. You know, 393 00:24:38,640 --> 00:24:41,080 Speaker 2: gold and silver should be a part of a diversified 394 00:24:41,080 --> 00:24:45,960 Speaker 2: investment portfolio. Over time, gold it holds its value versus 395 00:24:46,040 --> 00:24:48,560 Speaker 2: the stock market, which you know can be volatile and 396 00:24:48,600 --> 00:24:52,520 Speaker 2: as we talked about, will be volatile. For example, let's 397 00:24:52,560 --> 00:24:55,960 Speaker 2: say you're sixty three and you're near in retirement. Gold 398 00:24:55,960 --> 00:24:58,320 Speaker 2: and silver is a good investment if you don't want 399 00:24:58,320 --> 00:25:02,320 Speaker 2: that volatility of the stock market. It right now move 400 00:25:02,400 --> 00:25:07,439 Speaker 2: to gold because it removes that volatility. Gold is generally 401 00:25:07,480 --> 00:25:11,199 Speaker 2: going to hold its value. And with Legacy Precious Metals, 402 00:25:11,240 --> 00:25:14,400 Speaker 2: you're buying from a company that you can trust. Some 403 00:25:14,440 --> 00:25:16,639 Speaker 2: of the things to know about us. You get to 404 00:25:16,680 --> 00:25:21,439 Speaker 2: select your own investment like coins or bars, or rolling 405 00:25:21,480 --> 00:25:24,520 Speaker 2: over your existing retirement account into a precious metals IRA. 406 00:25:26,400 --> 00:25:30,879 Speaker 2: We have transparency, real time pricing on precious metals based 407 00:25:30,920 --> 00:25:34,720 Speaker 2: on the precious metals market. We have very low transaction fees. 408 00:25:35,440 --> 00:25:38,359 Speaker 2: You can contact our support team any time to answer 409 00:25:38,400 --> 00:25:40,440 Speaker 2: any of your questions. You can call them at eight 410 00:25:40,520 --> 00:25:44,280 Speaker 2: sixty six four eight four four zero four to three. 411 00:25:44,920 --> 00:25:47,639 Speaker 2: You can also choose whether you want metals outside of 412 00:25:47,640 --> 00:25:50,640 Speaker 2: your IRA to be delivered to you or have them stored. 413 00:25:51,720 --> 00:25:55,320 Speaker 2: So the important thing to know is that we are 414 00:25:55,359 --> 00:25:58,600 Speaker 2: here to answer your questions. So give Legacy Precious Metals 415 00:25:58,640 --> 00:26:04,080 Speaker 2: a call four eight four for zero four to three. Again, 416 00:26:04,200 --> 00:26:07,920 Speaker 2: that's eight sixty six four eight four for zero four 417 00:26:07,920 --> 00:26:11,040 Speaker 2: to three. So when you call, here's what you can 418 00:26:11,040 --> 00:26:14,159 Speaker 2: expect to happen. You're going to have a conversation about 419 00:26:14,359 --> 00:26:18,840 Speaker 2: your financial goals, your risk tolerance, the years you have 420 00:26:18,920 --> 00:26:21,359 Speaker 2: to retirement and we're going to take all of that 421 00:26:21,400 --> 00:26:23,440 Speaker 2: and then we're going to walk you through the precious 422 00:26:23,520 --> 00:26:27,439 Speaker 2: metals investment options that you have. The goal here is 423 00:26:27,480 --> 00:26:30,560 Speaker 2: for everyone on my sales team to inform you with 424 00:26:30,600 --> 00:26:33,119 Speaker 2: the information you need so that you can make the 425 00:26:33,119 --> 00:26:38,200 Speaker 2: best possible investment decision for yourself. Again, reach out to 426 00:26:38,280 --> 00:26:41,080 Speaker 2: us at eight sixty six four eight four for zero 427 00:26:41,240 --> 00:26:41,680 Speaker 2: four three. 428 00:26:42,080 --> 00:26:44,760 Speaker 1: We have to say just a minute and talk about 429 00:26:44,920 --> 00:26:48,440 Speaker 1: my favorite subject in this area, which is the Contract 430 00:26:48,520 --> 00:26:54,520 Speaker 1: with America silver coin, created exclusively by Legacy Precious Metals. 431 00:26:55,000 --> 00:26:57,800 Speaker 1: And as I understand it, listeners can now order the 432 00:26:57,840 --> 00:27:00,520 Speaker 1: collectible coin on its own, but you have a new 433 00:27:00,720 --> 00:27:04,720 Speaker 1: special offer for them. Will you describe the special offer 434 00:27:04,760 --> 00:27:07,040 Speaker 1: for Newts World listeners solutely? 435 00:27:07,400 --> 00:27:10,560 Speaker 2: The Contract with America Coin. It's a beautiful one out 436 00:27:10,600 --> 00:27:14,359 Speaker 2: silver coin. We have your magnificent image on its speaker. 437 00:27:14,440 --> 00:27:16,359 Speaker 2: Newt is on the front of the coin and on 438 00:27:16,400 --> 00:27:19,960 Speaker 2: the back we have the ten pillars of the contract 439 00:27:20,200 --> 00:27:22,280 Speaker 2: which you can see on the front of the coin 440 00:27:22,359 --> 00:27:25,760 Speaker 2: as well in your hands. It's a beautiful silver coin. 441 00:27:26,040 --> 00:27:29,720 Speaker 2: It's a collector's item. Anyone can order it. It's available 442 00:27:29,760 --> 00:27:34,720 Speaker 2: now at Legacypminvestments dot com. That's Legacy PM Investments dot com. 443 00:27:34,720 --> 00:27:37,440 Speaker 2: Where again call us at eight sixty six four eight 444 00:27:37,480 --> 00:27:41,280 Speaker 2: four for zero four to three. But as of today, 445 00:27:41,640 --> 00:27:44,400 Speaker 2: I have a new special offer for Newts World listeners. 446 00:27:45,280 --> 00:27:47,600 Speaker 2: If you call us and you decide to roll over 447 00:27:47,640 --> 00:27:52,120 Speaker 2: your qualified IRA into a Legacy Precious Metals account, We're 448 00:27:52,160 --> 00:27:55,600 Speaker 2: going to send you a newke Gningridge contract with America 449 00:27:55,640 --> 00:27:59,679 Speaker 2: Coin for free. And that's directly to you. So if 450 00:27:59,680 --> 00:28:02,040 Speaker 2: you're a listener of the show, call us and tell 451 00:28:02,080 --> 00:28:04,600 Speaker 2: our sales representative that you are listening to Newts World, 452 00:28:05,119 --> 00:28:08,119 Speaker 2: and when you do that qualified IRA rollover, we're going 453 00:28:08,200 --> 00:28:10,840 Speaker 2: to get that coin out to you. You'll not only 454 00:28:10,880 --> 00:28:14,560 Speaker 2: receive the tax benefits of a retirement account, but you'll 455 00:28:14,560 --> 00:28:17,400 Speaker 2: also receive a free contract with America Coin as part 456 00:28:17,400 --> 00:28:20,359 Speaker 2: of that IRA rollover. It's a one of a kind coin. 457 00:28:20,440 --> 00:28:22,919 Speaker 2: It goes up in value and you will gain that 458 00:28:23,040 --> 00:28:26,439 Speaker 2: value not just on the silver, but on the collectibility 459 00:28:26,480 --> 00:28:30,120 Speaker 2: of that coin. So again call us today eight sixty 460 00:28:30,160 --> 00:28:34,600 Speaker 2: six four eight four four zero four to three Again 461 00:28:34,800 --> 00:28:38,240 Speaker 2: eight sixty six four eight four four zero four to three. 462 00:28:38,880 --> 00:28:44,240 Speaker 1: I'm particularly excited by the coin because the thirtieth anniversary 463 00:28:44,640 --> 00:28:48,680 Speaker 1: of the Contract with America is this September. We're very 464 00:28:48,720 --> 00:28:51,360 Speaker 1: excited about getting a whole bunch of the members who 465 00:28:51,360 --> 00:28:54,040 Speaker 1: were there when they started it and first one control 466 00:28:54,120 --> 00:28:56,720 Speaker 1: for the first time in forty years. And the coin 467 00:28:56,840 --> 00:28:59,760 Speaker 1: is just perfect as a reminder of what it is. 468 00:29:00,000 --> 00:29:04,000 Speaker 1: Extraordinary historic moment the Contract with America was weent four 469 00:29:04,040 --> 00:29:08,840 Speaker 1: balanced budgets, welfare reform. It was a remarkable period. So 470 00:29:08,880 --> 00:29:11,200 Speaker 1: I'm very excited about what you're doing and very grateful 471 00:29:11,240 --> 00:29:14,160 Speaker 1: for it. Charles. I want to thank you for joining 472 00:29:14,160 --> 00:29:17,000 Speaker 1: me and helping me and our listeners make sense of 473 00:29:17,080 --> 00:29:20,640 Speaker 1: the current economic environment and how we can save for 474 00:29:20,720 --> 00:29:25,240 Speaker 1: our retirement with a diverse portfolio that includes precious metals 475 00:29:25,280 --> 00:29:27,520 Speaker 1: at gold and silver. And I want to let our 476 00:29:27,520 --> 00:29:31,440 Speaker 1: listeners know if they want more information, they can call 477 00:29:31,560 --> 00:29:36,160 Speaker 1: Charles and his team at Legacy Precious Medals directly at 478 00:29:36,160 --> 00:29:40,040 Speaker 1: eight sixty six four eight four four oh four to three, 479 00:29:40,200 --> 00:29:44,320 Speaker 1: that's eight six six four eight four four to oh 480 00:29:44,400 --> 00:29:50,840 Speaker 1: four to three, or visit Legacy online at Legacypminvestments dot com. 481 00:29:51,520 --> 00:29:54,080 Speaker 1: Thank you again, Charles for joining me. I think this 482 00:29:54,120 --> 00:29:57,360 Speaker 1: has been a really good discussion of where we are 483 00:29:57,400 --> 00:29:59,040 Speaker 1: both politically and economically. 484 00:30:00,040 --> 00:30:02,200 Speaker 2: Oh, thank you for having me, and I think so too. 485 00:30:02,240 --> 00:30:05,640 Speaker 2: I think it really portrays the importance of what's going 486 00:30:05,680 --> 00:30:09,120 Speaker 2: on politically but also economically. So again, thank you for 487 00:30:09,160 --> 00:30:09,520 Speaker 2: having me. 488 00:30:12,400 --> 00:30:15,160 Speaker 1: Thank you to my guest, Charles Thornngren. You can learn 489 00:30:15,200 --> 00:30:21,280 Speaker 1: more about Legacy Precious Metals at Legacypminvestments dot com. Newsworld 490 00:30:21,360 --> 00:30:25,320 Speaker 1: is produced by Gainish three sixty and iHeartMedia. Our executive 491 00:30:25,320 --> 00:30:29,320 Speaker 1: producer is Guarnsey Sloan. Our researcher is Rachel Peterson. The 492 00:30:29,440 --> 00:30:33,560 Speaker 1: artwork for the show was created by Steve Fenley. Special 493 00:30:33,600 --> 00:30:36,640 Speaker 1: thanks to the team at ginglishree sixty. If you've been 494 00:30:36,760 --> 00:30:40,120 Speaker 1: enjoying Newtsworld, I hope you'll go to Apple Podcast and 495 00:30:40,200 --> 00:30:42,840 Speaker 1: both rate us with five stars and give us a 496 00:30:42,880 --> 00:30:46,760 Speaker 1: review so others can learn what it's all about. Right now, 497 00:30:47,040 --> 00:30:50,720 Speaker 1: listeners of Newtsworld can sign up for my three freeweekly 498 00:30:50,760 --> 00:30:56,120 Speaker 1: columns at gingridstre sixty dot com slash newsletter. I'm Newt Gingrich. 499 00:30:56,320 --> 00:30:59,560 Speaker 1: This is Newtsworld. This episode of Newtsworld is brought to 500 00:30:59,560 --> 00:31:12,200 Speaker 1: you by Lets Legacy Precious Medals. Hi. This is NEWT 501 00:31:12,280 --> 00:31:15,160 Speaker 1: Gold has broken several record highs this year and Legacy 502 00:31:15,160 --> 00:31:18,240 Speaker 1: Precious Medals of the company I personally invest with. Together, 503 00:31:18,400 --> 00:31:21,440 Speaker 1: we created the official contract with America Silver Coin that 504 00:31:21,480 --> 00:31:25,400 Speaker 1: commemorates our historic house victory in nineteen ninety four. Supplies 505 00:31:25,400 --> 00:31:28,400 Speaker 1: are limited and this commemorative coin will sell out. Go 506 00:31:28,440 --> 00:31:32,040 Speaker 1: to Legacypminvestments dot com or call them at age sixty 507 00:31:32,080 --> 00:31:34,520 Speaker 1: six four eight four four oh four three d eight 508 00:31:34,560 --> 00:31:36,800 Speaker 1: yours today. Tell them I sent you, and they'll send 509 00:31:36,840 --> 00:31:40,120 Speaker 1: you a free contract with America Coin on all qualified 510 00:31:40,120 --> 00:31:41,200 Speaker 1: IRA rollovers