15 Burst results for "Charles Thornton"
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"Wow. This is garbage. Welcome to the program, everyone. I'm Trish Regan. Portions of the show brought to you by legacy p.m. investments dot com. We'll talk about the gold a little bit later because it's up to date. Wow. This administration really and truly is blowing your money like you would not ever have believed these numbers are staggering. This is what these guys spend on consultants to tell them how to run the country. It's a lot of money. It's 50 billion dollars. That's how much the Biden administration has spent on these top tier consulting firms. This is all open-source data. I credit daily mail with doing this analysis. They looked at all of it. And what's incredible is that it's a heck of a lot more than Donald Trump spent. Donald Trump, his entire four years in office spent $66 billion on consultants. Joe Biden, on the other hand, 27 months in office, so basically, you know, around half the time. We're talking about 50 billion of taxpayers cash. This sucks. So three times effectively, the cost of Donald Trump's border wall think about that one. And it's all going to these top tier consulting firms I'm talking about McKinsey Bain, Boston consulting, Ernst and young Deloitte Accenture, Booz Allen Hamilton, wow, these guys are making out like bandits. No wonder everybody wanted Joe Biden in office. All right, this is just a discouraging. Totally discouraging to see, because it's coming as we learn that the Democrats and the Republicans can't come to terms over this 31.4. $1 trillion trillion with a T debt ceiling. So the idea is, we have to raise the debt ceiling because if you don't raise the debt ceiling, then we're not going to be able to pay our bills. Janet Yellen, treasury secretary, former fed chief, came out and said, we are going to be in a very bad spot come June 1st. We're not going to be able to pay our bills on June 1st. And you might say, yeah, yeah, yeah, yeah, I am. This happens every year. And it does happen every year, by the way. But what I would just say is this time it is a little bit different. I think because people are sort of more charged politically. That makes it different. And I'm really sort of shocked that the Democrats are not willing to entertain in any single way, shape, or form, a reduction in the amount of spending. We do as a government. So the Republicans are saying, hey, you know, if you guys want to actually raise the debt ceiling, then you have to agree to maybe cut some of these discretionary items. It's like in a household, right? If one spouse says, oh gosh, we're not going to be able to pay our bills next month unless we take out another credit card. And then the other spouse says, okay, we can take out that credit card, but we got to have some agreement here on how we're going to reduce our household spending. Maybe we're not going to go out to dinner on Saturday nights. So basically the Republicans are the responsible spouse here saying, maybe we don't go out to dinner every Saturday night. Maybe we cut some of our discretionary spending before we just agree to accumulate more debt. Well, I never really loved you anyway. And the Democrats are like, nope, nope, you know, we're going to do whatever we want to do and we're going to just keep marching forward. That's a problem. It really is a problem because it shows you there's a total disconnect. And when people talk about this divorce, between Republicans and Democrats, I mean, it kind of feels that way. Like, what would happen in a household? You got one spouse that's financially responsible one spouse that's not financially responsible. That marriage is not going to work out so well, right? So this is the concern right now. And it's the reason why a lot of people are getting kind of nervous. Coming up on the show this week, I'm actually going to have Charles Thornton on. He's this ew of legacy fresh smells one of our sponsors here. He has a lot of views on this that are really interesting. And his concern is really about money markets, for example, money market accounts because they buy treasuries in order to continue giving you that interest rate and your money market account and they're not FDIC insured. So do you need to rethink that? Meanwhile, you might be thinking, do I need to rethink my.
The Eric Metaxas Show
"charles thornton" Discussed on The Eric Metaxas Show
"That's the way I kind of like to look at it. It makes me feel better about having to deliver the news. Yeah. I'm giving the warning. And I think, you know, we've talked a lot about economics and what's going on. And what's going on within this administration. But really, we come down to this. The recession is coming. The latest poll by economists say that expect the recession to start by the first quarter of next year. 80% chance. There's no way you avoid a recession with the financial issues that we've had. Now, by the way, I just got to ask, I mean, it feels like things have been so bad that we've been in a recession. How has it been not a recession? I mean, so I mean, I guess it's dramatically worse. We're not making this up. This is what the head of the Bank of America has said this. So these are people that are maybe not on the same page as we are ideologically spiritually, whatever. But they are predicting recession at the beginning of next year. So this is not us being doom and gloom. This is people that don't agree with us on many things, making this a prediction. So as bad as things are, they're saying, no, no, no, it's going to get really bad. It's going to be a real capital R recession. Absolutely. They're for so long they talked, oh, a soft landing into recession. That's not even a possibility. We have to raise interest rates again at a time where banks are struggling. We have to. That's what the Federal Reserve has to do. Inflation is not lightening up. It's not getting softer. Everyone talks about, oh, it's .01% less inflation last month. That was strictly gas prices. But we know guest prices are going back up again. We have OPEC saying, we're going to tighten. We're not going to release as much oil in. You're not going to have that easy availability. And even if they didn't, we still have to deal with the fact that this administration released our strategic reserves. We have about 12% of our capacity in the strategic reserves. That needs to be refilled. That is what this nation counts on in case everything gets really bad. So we're going to have at a time when gas prices are going up. The government competing with us for the oil that we need. The gas that we need for our car. They're going to be directly competing with us. And that's going to cause the price to go up even higher. So we know that has effect on corporations, any product that gets transferred, right? Gasoline involved. So we're going to see that little blip of pullback disappear. And we're going to have a fed that has no choice, but to continue to raise. They said it all along. You've heard traders say, oh, maybe this is the thing that we need now. We can start this off in the race. We're not even close, folks. I don't say that with joy. It's the reality of it. We're not even close yet. Well, as I said, things have been bad. Everybody knows things have been bad. Prices, everything. But experts are saying, yeah, but get ready, it's going to get worse. The only thing I think the good that comes out of it is that you have, it looks like who's ever on the Democrat side is going to have to own this. They're not going to, but I think most people realize like, excuse me, you brought us to this to this nightmare. The housing market is already is also down. Is that right? Housing market higher interest rates. No one's going out and buying the bigger house. Because the payment's too much. I mean, look, I remember during, you know, Jimmy Carter brought us to what 18% mortgage. I mean, I remember this. Crazy. Absolutely crazy. And it took Reagan to get us out of it. In the short term, obviously, you're recommending that we buy precious metals that we can we can have a safe place, I want to tell people to go to legacy p.m. investments dot com. You can set up your account. But apart from that, I'm just I'm amazed that a lot of these folks are saying they seem to know that this is what is happening within the year. That things are going to get that bad. And you mentioned Bank of America earlier. You top four banks in the United States just have write offs of 3.4 billion last quarter. On bad debt, we have a credit crunch coming on top of all of this. All the bad news that we already know about. There's more coming. There's a credit crunch coming. You have people defaulting on loans. Because this is what happens when you have high interest rates. They can't afford to pay them. A choice has to be made. So you had a lot of these credit cards go into default. I was reading an article and it's really weird that they're saying the next big wave, the next big wave of conventions, Carrie possessors. They're saying people are going to be losing their cars because they can't afford to pay them. So we see this coming and I would say I urge you if you haven't bought metals, please consider it talk to somebody. I think it's important. The website legacy p.m. investments dot com legacy p.m. investments dot com. I want to end on another note, gold is at an all time high or near an all time high. Is that right? We are near an all time high. And normally that would be cause for concern for me. But the last time we set this high, the nation only had $600 billion worth of debt. So when you look at gold, that's your counterbalance. From 600 billion to depending on who you believe, $9 trillion. Well, I mean, I got to say, you know, when people are talking about going to digital currency, Bitcoin, all this stuff makes me so nervous. Folks check out legacy p.m. investments dot com. Charles Thornton once again, thank you so much. That's my pleasure as always. Thanks for having us..
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"They're standing has absolutely plummeted. When we used to live in New York City, at one point early on when my two little girls were just born, my twins. We lived above the ambassador to the UN for the UK. And his son was very friendly with prince Harry. So Harry used to come all the time. He'd be in the building. He was actually so low key. I mean, there were no security guards everywhere. There would be a driver out front. He'd ride the elevator with us. He was friendly, he seemed like a really regular guy. So it's been sort of hard. I mean, I get how the British people are like, wow, it's also hard for me. I'm like, wait a second. Was that the same person that used to come and hang out with the kid downstairs? It's a new man. I always say. Yes. Absolutely. You can't pick your family. Can't pick your parents, but you can pick your spouse, so choose wisely. Thank you. Niall, it's really good to see you, my friend. Thank you for joining us. Make sure you follow Nile. We're going to show it on the screen, but at Nile Gardner, he's on Twitter at heritage, the heritage foundation he works with wonderful, wonderful writing. I read all of your stuff so thank you for all your contributions there. And we'll continue watching you there on Twitter at Niall Gardner. Thank you so much. Thank you very much, Trish. My thanks again to Niall. We've been talking a lot about the economy, as I always do on this program. I have a lot of worries about inflation, long-term. I have a lot of worries about where we're actually heading in the near term because even though the market shows a couple of good days, it inevitably shows a couple of bad days as well. So where are we really heading? Can the fed get a handle on inflation? Does it even have the incentive to do so in a political year? Well, I sat down just last week with Charles Thornton, who's the CEO of legacy precious metals, one of our advertisers here on this show. And we went through some of the scenarios. And he explained why he thinks gold keeps soaring to new highs at the time. It was actually at a level that just blew me away. We were running around $2050 an ounce. Anyway, here's what Charles has to say. Our very first advertiser still an advertiser on this show, the great CEO from legacy precious metals Charles Thornton. Thank you so much for coming on. Happy to be here. I'm happy to be the first advertiser. You know, while I never give investment advice and everybody tells me I'm going to keep saying that because it's true. I don't. I just see macroeconomic trends and I've watched them for some time and as a journalist, I comment on them. I have an opinion on them. I've been very, very worried about the long-term fundamentals of our economy for ages. I've been very concerned that we can't sustain this spending. You called it in November. Charles, you came on this show and you said, you know what? And this was bizarre to me because you're like predicting the future in a major way. You said in November, we're going to have a major banking crisis. You said it's going to make 2008 look like nothing. I mean, we did have SVB. We are still dealing with inflation, although some people think it's okay. I don't know if I buy that. And then when I look at gold today and I see this huge spike, I actually start to get a little nervous 'cause I'll be honest, it's not actually where I thought gold was necessarily going to be like now, maybe by fall or end of year, but this is a huge move. I know you and I talked about above 2000, but we're like well above 2000 right now..
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"Elon Musk really tweaking the CBC Canadian broadcasting company. He's got the Canadian so worked up that, you know, even the prime minister is weighing in. We'll tell you all about it. Plus, China. And they really are into this spying thing in ways that perhaps you never quite imagined. They got tentacles everywhere. All over the country all over the world. The FBI just busted to alleged Chinese spies for running a kind of police station in Chinatown. And Joe Biden keeps talking about how you got to go after the rich. The rich just have to pay their fair share, right? The tax system is not fair. It is not fair. 55 of the largest corporations in America the Fortune 500 made $40 billion in profits and paid zero in federal taxes? Well, Joe Biden is looking pretty rich. He's north of $579,514. That's how much money he and Jill brought in just last year. I mean, it's 400 as president. She makes a little on the side. Not bad. So why is he not paying his fair share I want to know? And Megan and Harry, my gosh. I mean, these two are just the saga that keeps on going. Stop it. Get some help. And there's this coronation thing happening over in the UK. Prince Charles is finally going to be made king. But the hoopla is, oh gosh, Meghan Markle's not going to go. Well, what's the real reason behind that? And is this woman actually capable of really destroying the monarchy, maybe in ways that nobody ever possibly thought? She certainly destroying her husband's relationship with his family. I wasn't being thrown to the wolves. I was being fed to the wolf. Now Gardner from the heritage foundation's joining the show today, hello, everyone. Good to have you here. I am Trish Regan. This is the Trish Regan show. We are brought to you. In part, as always, by legacy precious metals, if you're interested in investing in gold or silver, make sure you stay tuned because we have the CEO of the company coming up. Charles Thornton, who's going to walk you through it all..
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"That's not something that's going to be easily overcome. So here's the question, can Elon Musk fix it? I'm a huge Elon fan. I think he was just way ahead of the curve. Long before anybody cared about green energy and EVs, Elon was really busy, passionately working on it, which he gets very little credit for from the administration these days, but you know, he wants to colonize Mars, and he wants to fix social media. Can he do it? Well, the social media one is a tough one. I think colonizing Mars is easier, right? That's probably true, yeah. I would say that I think Twitter is better off with Elon Musk than the old administration that was there before. The ones that favored censorship over speech. Now, has it been bumpy since Elon took over? Absolutely. I think that there's not a straight line to this utopia of everyone can see what they want. And the bad stuff gets weeded out, but all the rest can just be said, but I agree with you. I think we want someone in there who's freedom minded. You know, a billionaire, nonetheless, maybe someone is a little bit thin skim, but also a genius. I think that I think it goes hand in hand, right? Right. I'm sure that's the way a lot of these billionaires are. But I want someone who's running a social media platform. Let's at least look, there's enough suppression minded billionaires or CEOs that are ahead of all the other social networks. So let's get one. Let's see how it goes with one that doesn't have that point of view. I think it will win out in the office. I'm hopeful. It's worth a shot. It certainly is. Listen, I can say how much I appreciate this. I think it's great that you came out with this book. It is called uncovered and get it on Amazon? Yeah. Fun, and really interesting read and you don't have to take just my word for it a lot of people I know in the media business have been talking about saying Steve's book is fantastic. So I'm really glad that you're here. The fourth watch, that is your newsletter, how do they get it? Yeah, you can go to fourth watch dot media. It's fourth like the number four fourth watch dot media. It's similar to uncovered and I write it every week. Excellent. So good to see you. Thank you so much for joining the show. Steve Crocker. I appreciate it. My thanks to Steve. I want to jump in and once again, give a plug for our show sponsor legacy p.m. investments dot com. We've been watching gold all week. Wow, I mean, it's still above $2000 an ounce, which is very interesting to me. We're going to bring Charles Thornton. He's the CEO of the company. He's going to be on the show next week, and he'll give us his sense of where gold is heading and what this really is all about. It's off the highs. We saw earlier in the session. Still, it's way up there. So why is that? Charles weigh in, the website is very interesting. You should go check it out because you can buy and sell gold and silver directly there yourself. So you don't have to go through a middleman, meaning the phone call and everything, although some people really like it. And if you do, call them at one 8 6 6 5 8 9 zero 5 6 zero because they'll be able to answer a lot of your questions. But if you just want to go direct, if you just want that transparency of seeing everything, you can do that. You can also do both, right? Legacy p.m. investments dot com. Go check it out today. Buy and sell gold and silver right there. All right, we got to talk about fluffy. And then I want to tell you because this is very, very important. In light of all the transgender stuff going on and the icons that everybody's holding up on some kind of pedestal, we have a very, very important guest before we do that. My other important guest, you know, this is a very important guest. We have fluffy, fluffy is my dog. My Maltese dog. He's in great health these days, he's in great health because I took it upon myself when he was struggling with allergies to really drill down and figure out what was going on. And ultimately, I mean, he can't talk. So you're going to take my word for this on this. He ultimately, I think, was struggling with some inflammation, which made the allergies worse, which made the earaches and the ear infections were, et cetera, a lot of it was tied back to his diet. So the first thing I did was cut chicken and the second thing I did after talking with doctor Dennis black, who's a natural pathic doctor. The second thing I did was get him rough greens, and it's works remarkably remarkably incredibly well for fluffy. We actually knock on wood. We're going into allergy season, but knock on wood, he is not had any of those ear infections since. So I am excited by that and encouraged by that. He can't talk to me, but I know that I have not had to bring him in for constant ear drops and infections. So rough greens is the company I used. Are you FF green's dot com forward slash Trish? You can check it out. You can get a free jump start trial of rough greens today if you go over there, rough grains dot com forward slash Trish. And it'll be at your doorstep in a couple of days. You just have to pay for shipping and see how you like it. See how your dog likes it. I think that you will, you will start to notice a difference. Dogs need nutrients too, and this is the supplement that gives them the digestive enzymes, the vitamins, the amino acids, all those things so they can live a long, healthy, happy life. As I said, we got a big week coming up, Chloe Cole is going to be on the show and she has just been through so much. So I hope you're here because it's important to hear this, it's important to support her. And it's important to do what we can to help other kids. That are struggling and listen. You know, age 12, especially as a girl, it is not an easy time. It's partly why I really am just disgusted by the likes of Nike and tampax and these companies trying to celebrate transgenders in the process making kind of a mockery of the girls that are going through these really challenging experiences. Well, Khloe was one of them. She thought maybe I can just fix this by becoming a boy, and there was a whole system there, right? That just pushed her through. She's now suing. She's suing Kaiser health. Because this poor kid was making decisions at 12, 13, 14, 15 years old, actually going under the knife at 15 years old. And didn't have the outcome she would have anticipated. It's a common story. It's a sad story, and it's one that we, as a nation, need to pay attention.
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"That's a good one. I think there's been a real push lately to have financial literacy be a part of requirements for high school graduation. I was in a state legislature for a couple of years. And I would tell my colleagues, I got no problem with English all four years. By the way, it's not a fellow in the cath anymore. It's a whole other set of books. As you know, far more damage to yourself than reading, doing high level papers on Othello and Macbeth. That's just the way it is. And that's not a good Shakespeare. That's just understanding the realities of the world today. Man, that's true. But I think for me, I cared more about just being a city kid. I cared about just making money and trying to find ways to not struggle, like how my mom struggled, struggled, and then through, you know, my own understanding of economics and really being focused on economics. When I started paying attention to politics, I never really I didn't look at it and still really don't like a Republican Democrat thing. I look at it in terms of what provides economic growth, what allows people to succeed and whatever those policies are on for that, everything else is a circus. I think you and I are some fat to go in that way. And I always say, look, JFK cut taxes. It doesn't have to be economics does not have to be so partisan. Let's just do what we can to grow the economy for everyone. Therefore, to provide more opportunity for everyone. Can't guarantee the outcome, but let's make sure that we do our best to provide the opportunity. Look, it is a pleasure talking with you. I really appreciate you coming on the show. Good luck there. Keep up the good fight to try and get this budget somewhat in order. And we'll talk to you again very soon, I hope. Oh, of course. Any time. Thanks for having me on. Congressman Donald, thank you. You heard representative Donald talking about gold versus treasuries and everything. I will say once again, I am no one's financial adviser. I am just an opinionated journalist who happens to know a few things about the economy and has spent most of her career on the front lines of watching our markets and watching all of this economic data. And so I preface what I'm about to say because it's from an advertiser with that information in that you always need to make your own investment decisions and you always need to be very secure and very safe in how you approach those things. Anyway, if you're interested in investing in gold, I would encourage you to call our advertiser, legacy p.m. investments, legacy p.m. investments dot com is the name of the company. You can buy gold directly from them or silver, or silver, this is, you know, we're not excluding anything here. Gold directly through them online or by calling their number, you can get some advice from them by calling the number at one 8 6 6 5 8 9 zero 5 6 zero one 8 6 6 5 8 9 zero 5 6 zero they have been a sponsor from the very beginning of this show. Charles Thornton. He was just on the program quite recently. Before this big run up in gold, predicting that we'd probably see some higher prices this year. I mean, look, I would not have anticipated this. I don't think he anticipated this. What we saw most recently in terms of that big gold spike. But as we head into these challenging times when we're faced with this debt ceiling and everybody's arguing and you got a former president, being a reigns, all of this weighs on sentiment and it weighs on sort of the overall standing you would of how the U.S. is viewed in the world. And so that's why some people really tend to flock towards something like gold in that environment. So if you're one of them, go give them a ring. One 8 6 6 5 8 9 zero 5 6 zero again, one 8 6 6 5 8 9 zero 5 6 zero. I do also want to give a quick shout out. You know I do this every single day. My dog, because my dog is very important, very special to me. That would be fluffy. And it's one of the reasons why I teamed up with this advertiser, rough greens, to help promote health for dogs all over the country. You can get a free jump start trial of naturopathic doctor Dennis black's rough greens. This is for your dog, it's kind of like a vitamin supplement. We take our vitamins, maybe our dogs need there's as well. You can take that just by giving it, you can give it to your dog rather than that you take it. Sometimes when you look at the ingredients, I'm like, um, that looks pretty darn good. There is a different standard, however, so don't try that at home. It is for your dog and you can sprinkle it on top of your dog's food. I give it to fluffy once a day, and I love knowing that he's getting the nutrients that he's so needs for a long, healthy, happy life. The digestive enzymes, the amino acids, all the right vitamins, the proteins, all those things that he needs. Doctor black has put it in there. So go check it out. You can get your free jump start trial. In just a couple of days, actually. Just pay for shipping by going to rough greens, dot com forward slash Trish spelled RU FF you get at rough greens dot com forward slash Trish. Listen, we got a big week ahead here. We are not going to stop. I hope you had a wonderful holiday. I certainly hope you had a wonderful Easter. But we've got so much news coming our way. Things bubbling up on the international front, a lot of fears about China right now. We've spoken at length about this, of course, and you understand my concerns about China and Russia, teaming up. There's talk now of Brazil as well. This would not be a very good situation for the U.S.. It is important that we protect. We protect our hegemonic power, because that's what gives us some of our financial strength. So listen, financial strength, military military strength. These are things that go hand in hand and you have to have them together..
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"Yay. I mean, finally, it's Friday because it's been quite a week. Has it not? Am I not right? It has been one heck of a week. Well, I got good news because we get somebody who's very smart and very funny. And you probably already know him, but if you don't, make sure you check out his show, Dave Rubin from the Rubin report is joining me here today. We're going to get straight to that, but before we do, as always, we are brought to you by legacy precious metals. Gold is looking more and more interesting. Anyway, a lot of chaos in the world right now. So a lot of investors look to diversify and I recommend diversifying. Legacy p.m. investments dot com. That's where you should go. They can actually sell you gold right there on the site, or you can call someone one 8 6 6 5 8 9 zero 5 6 zero. You can also get a gold backed IRA. Lots of different ways to do this, but Charles Thornton and his team are just terrific over there at legacy p.m. investments. Dot com's go over to the site, get your free investing guy gold and silver, by the way, you can buy silver there as well. We've got news of how horrendous the hedging strategy or lack thereof was by Silicon Valley bank. They just didn't care. They cared. They deliberately did what they did in order to try and maximize their revenue and profit. And when I say they didn't care, they didn't seem to care that they might take the entire regional bank system down with them and that's what I fear is happening. They did get a little bit of a bailout because they're the 15th largest bank and people were worried about contagion. Protecting depositors, protecting the banking system, protecting the economic gains we've made together for the American people. And other banks are getting bailouts. Over in Switzerland, Credit Suisse, which has big operations here in the U.S., of course, got its bailout from United bank of Switzerland. Look, there's a lot of fear right now and everyone is getting a bailout. So the question is, are you, right? Are you getting a bailout? If you did the tough thing during COVID, if you paid your people and you pulled your business through those very difficult times through the pandemic, well, guess what? I got a little bit of good news, a little bit of a silver lining for you because you can qualify for up to $26,000 per employee at COVID tax relief dot org. Government funds are available to reward companies with two or more employees who stayed open during COVID. It's not alone. It's actually something you don't have to pay back. It's a program that, well, let's face it. I mean, typical bureaucracy, red tape, it can be complicated and that's always a challenge. But the folks over at COVID tax relief dot org their experts at this COVID tax relief. COVID tax reliefs are, again, you pay nothing up front. They do all the work here for you, and they charge a percentage, a small percentage of the cash that they get for you. Businesses of all types, including nonprofits, churches, they can qualify, even those who took out PPP loans. So even if you had an increase in sales, you can still qualify. So if you did the tough thing, if you kept people employed during COVID, like COVID tax relief dot org help you to get up to $26,000 per employee go visit COVID tax relief dot org today..
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"That is coming up. But in the meantime, wow, everybody's getting a bailout. Well, I want to give you a little bit of information from one of our wonderful sponsors here at the Trish Regan show. COVID tax relief dot org is the organization. If you pulled your business and through the pandemic and paid your employees, well, the good news is, you could actually qualify for up to $26,000 per employee at COVID tax relief or government funds are now available to reward companies with two or more employees who stayed open during COVID. Imagine that this is not alone. You don't have to pay it back. The program is a little bit complicated, of course, typical government stuff, but nobody knows more about it than the CPAs in the tax experts at COVID tax relief dot org. You pay nothing up front. They do all the work and share a percentage of the cash that they get you. Businesses of all types. This includes nonprofits. It includes churches, all businesses can qualify including those who took out PPP loans, even if you had an increase in sales. So if you did the tough thing for your employees and the right thing for your employees during COVID, let COVID tax relief dot org help you to get up to $26,000 per employee. Just visit COVID tax relief dot org today again that's COVID tax relief dot org. Let's get straight to the inflation picture. We have with us today none other than the gentleman who told me back in November, Trish, this is going to be as bad as 2008. It's going to be some kind of banking crisis different, but something major well, I guess he got that one, right? Charles Thornton, welcome back to the program. What do you know, here we are, Charles Thornton, reading the tea leaves pretty well on that one. Good to have you back. Oh, it's great to be back. And I apologize for being right. We have to remember, this is very much like 2007, 2008, but worse. If we have runaway inflation, and unfortunately, and I know I said in the past, but we still have two years to go, folks. Cost. How much do things cost? No, we're going to whip it. And the budget plan is insane. And it would be a disaster fortunately. I don't think it would ever go through, but it gives you some insight into how this administration thinks. I'm troubled by the reality that even regardless of who's there, Charles, we've gotten ourselves so far in the hole that there's no easy solution out right now. It is like massive debt and deficits for decades to come, which is going to do exactly what you just said, a road, the purchasing power of the U.S. dollar. It's also goes back to, can we default? Gosh, I hope not. You have part of the institution refusing to accept financial responsibility. So at what point does the other side say, no, we're going to force you to have to accept it. And there's where that conversation of some default comes in. Maybe not all default, but maybe there's certain items that are willing to let go into default. But we can't afford that. The last time we had a really bad budget battle, the United States got downgraded. You know, our credit rating got downgraded. We haven't read that up yet. So if we fight if we have a strong financial fight, which is needed, do we get downgraded even further? It's like the House of Cards, which was an analogy I can remember using in 2006, I remember the network I was working for were like, what are you talking about, Trish? The market sky high, and I'm like, no, no, no, it's a House of Cards and they're like, we can't air this. You know, you're so, so far off the news curve. And I'm like, trust me. It's a House of Cards. I tend to see these things. Long before they actually do happen. But knowing that knowing that this is kind of a bit of a scheme, if you would, I think that's why people need to be thoughtful. They need to be careful. They need to diversify diversify diversify. And I was looking at gold just yesterday saying to myself, gee, I wish I had bought a little more back when it was down 1600. We're looking at it around 1900 right now. Well, I mean, we'll see whether it can kind of hold here. I suspect though, and again, I'm not like a day trader on this stuff. I tend to invest in something like gold personally and I'm nobody's financial adviser, but personally for the long haul to kind of ride out the volatility and hopefully protect some of the purchasing power of my dollars in the future, but with all that in mind, where do you see it say, I don't know, over the next 6 months, as we confront head on, what a lot of people think will become the 2023 banking crisis. I don't like to prognosticate very often, but I will say in the next 6 months, if we're not over $2000 an ounce, I would be shocked. Wow. And it's not that hard to move. If you look at where we were just last month, we were 1813, and here we are in 1905. And that's without any big news. The banking issues is yes, that's big. But that's not why medals move. They had moved prior to that. We saw which was not surprising, but very large Central Bank buying. China too. Absolutely. And after it moved up, they stopped because they're smart. They're not going to bid against themselves..
The Trish Regan Show
Charles Thorngren Predicted This Banking Crisis Last November
"Today none other than the gentleman who told me back in November, Trish, this is going to be as bad as 2008. It's going to be some kind of banking crisis different, but something major well, I guess he got that one, right? Charles Thornton, welcome back to the program. What do you know, here we are, Charles Thornton, reading the tea leaves pretty well on that one. Good to have you back. Oh, it's great to be back. And I apologize for being right. We have to remember, this is very much like 2007, 2008, but worse. If we have runaway inflation, and unfortunately, and I know I said in the past, but we still have two years to go, folks. Cost. How much do things cost? No, we're going to whip it. And the budget plan is insane. And it would be a disaster fortunately. I don't think it would ever go through, but it gives you some insight into how this administration thinks. I'm troubled by the reality that even regardless of who's there, Charles, we've gotten ourselves so far in the hole that there's no easy solution out right now. It is like massive debt and deficits for decades to come, which is going to do exactly what you just said, a road, the purchasing power of the U.S. dollar. It's also goes back to, can we default? Gosh, I hope not. You have part of the institution refusing to accept financial responsibility. So at what point does the other side say, no, we're going to force you to have to accept it. And there's where that conversation of some default comes in. Maybe not all default, but maybe there's certain items that are willing to let go into default. But we can't afford that. The last time we had a really bad budget battle, the United States got downgraded. You know, our credit rating got downgraded. We haven't read that up yet.
ToddCast Podcast with Todd Starnes
"charles thornton" Discussed on ToddCast Podcast with Todd Starnes
"Now, Charles, on the website, you guys have a great free gift for people and it's a guide on how to invest in gold and silver and folks. You can get that by simply going to legacy p.m. investments dot com that's a legacy, the letter p.m., investments dot com. What are people going to find in this material? They're going to find a lot of the basic information on precious metals. Most people aren't familiar with it at all. And what we've seen is that guide will actually cause you to have some more questions. And that's okay. When that happens, you give us a call. We have account reps here that will answer all your questions and we educate people. We're not salespeople per se. We don't push you. We want to make sure we answer your questions and more importantly is develop some rapport between you so that we can figure out the best route for you. And of course, we have a lot of younger listeners as well, and they're nowhere near retirement agent, of course. Some of us in our some of us in our 50s are nowhere near retirement age as well. But that's the time that you need to start preparing and you can go ahead and start investing in gold. Is that right? The younger the better, really. Absolutely. When it comes to retirement or any investment, the most important thing you have is time. Time is on your side. The more time you give yourself to invest, the better the results. So it's never too soon, but it's also never too late. All right, again, folks, legacy p.m. investments dot com. Charles Thornton is the chief executive officer of legacy precious metals. Charles looking again in the stock markets are just in the throws of chaos today. As you said, this is really not going to get any better anytime soon. So now is the time to start taking a look at your portfolio and making sure that you've got a very diverse portfolio across multiple platforms. Absolutely. That is the key. The more diversity, the better. All right, good stuff. Well, Charles, we appreciate you checking in with us today. And honestly, when I saw what was happening with the Silicon Valley bank, I kept thinking, what's Charles saying about all of this? Thanks for having me, John. Yeah. And you know me well. We spoke a lot about it. Yes, we did. We certainly did. All right, Charles appreciate that. And folks, again, legacy p.m. investments dot com. I've purchased gold from these guys, and they do a great job. Actually, all of my gold came from legacy. And it's good. You have that reassurance that it's going to be there and everything's going to be okay. Again, the key here is to be diverse in your financial platforms. Folks, we've got to take a break here, 8, four, four, 7, four, 7, 88, 68 toll free telephone number, 8, four, four, 7, four, 7, 88, 68. This is the Todd stern show. All right, chip Roy. Says that he supporting Ron DeSantis. Says it's time for younger leadership. Agreed disagree 8 four four 747 88 68. That's her phone number. Let's go to Georgia, Mike hanging out with us on W D UN, our great affiliate there wants to talk about Ukraine. Hey Mike, what's on your mind? I'm doing fine. How are you, Todd? Doing well, thank you. I'm not that cool. But I pay taxes on my life, and I'm in my ages. But I'm just wondering what other people's opinion is about understanding what happened. You're crying. I'll let a lot of money. And we're not protecting ours, lots of people talked about that before. But I'm just interested in to know what people think about NATO is not going their fair share. So my opinion is, why don't they get together, I'll get you guys on the borderline or whatever they go and furnish for it. And go in and defend Russia with your client instead of just us fitting all the bills. Yeah, that's a great question, Mike. And if you remember back in, wow, back in the last administration, when Donald Trump made that a key part of his foreign policy, making NATO pay their fair share. And you had so many critics on the other side, including Republicans saying, how dare you? How dare you ask Europe to pay their fair share? This is our responsibility. Trump said, hey, it's not our country's. We're not the one to have to worry about being evaded. We're doing above and beyond. And what happened? Sure enough, Mike, after Trump threatened to pull out of NATO, guess what happened. Everybody found that money. They ponied up the cash. Yes, sir. But I said, Germany didn't want to spend the tanks. Remember that? That's right. This is my guess is that this is a NATO problem. This is not a United States problem. It is a NATO problem. Don't take it a step further. I'll take it a step further, Mike. If Ukraine joins NATO and they sign off then I say we do whatever we have to do to defend a NATO ally, but Ukraine is not a NATO ally. Exactly. Exactly. But our border is. Yes, sir. Devour. If our responsibility. And I'll say this again, Mike, we were ready to fight a war, a nuclear war with Russia over Cuba because they parked those missiles right in our backyard. And you don't think Russia's seeing what's happening in Ukraine, they consider this to be their Cuba. Yeah, I understand that. We are literally being run over. No doubt about it. All right, Mike, good call, thank you, sir. Let's go to Louisiana, John listening to us on the great krf. Hey, John, what's on your mind? Well, I'm from Lafayette, Louisiana, the heart of Akkadian and the best Cajun food in the United States and a very close neighbor to the beta brewery and coming to Louisiana. Don't toy with me. I'm on a beta springs root beer man. I know. My question is, who is the puppeteer pulling the strings in Washington? My money is on, it's a combo platter of Barack Obama and Susan Rice. That's who I think is ultimately running the show behind the scenes. Do you think George Soros has anything to do with it? Yes, I mean, and the problem with Soros is I think he's in danger of the country more by investing in these district attorney races. He's responsible for causing this massive rise in crime across the country. And there's no accountability. You've got criminals just running free now. Oh yeah. Oh yeah. Anyway, I just wanted to know who was a puppeteer. He was Bill Baird, come back to life. That's my take on it. Now, John, let's talk about let's talk about basketball. You've got the raging cajuns down there. And of course, big basketball. Now, who do you guys play in the tournament? Unfortunately, I am not a basketball fan song. Okay. Well, your basketball team, they're on my list. They're in my bracket. So I'm pulling for you guys. Well, good for you. Thank you very much, man. One final question, where can a man get a good Po'Boy down in Lafayette? Let's see, I think it's the city grocery on west saint Mary. Is that the one right down from the university? That's the one down the university. You know, I've been there a time or two when I go to visit kraf and of the sister station K pal and they got a great they got a great roast beef debris Po boy on the menu. They're shrimp going to ain't bad either. No sir, it's not. That'll put a hurting on you though. I'll tell you. All right, John, don't be a stranger. Love hearing from our Friends down in Cajun country. Thank you very much. You have a great day and God bless you. All right, YouTube God bless you..
ToddCast Podcast with Todd Starnes
"charles thornton" Discussed on ToddCast Podcast with Todd Starnes
"Here. And I'm not quite sure Joe Biden understands what's really going on. Cut number 8 plays. And finally, we must reduce the risk of this happening again. During the Obama Biden administration, we put in place tough requirements on banks, like Silicon Valley bank and signature bank, including the Dodd Frank law to make sure that the crisis we saw in 2008 would not happen again. Unfortunately, the last administration rolled back some of these requirements. I'm going to ask Congress and the banking regulators to strengthen the rules for banks to make it less likely this kind of bank failure would happen again. And to protect American jobs and small businesses. Look, the bottom line is this, Americans can rest assured that our banking system is safe. Your deposits are safe. Let me also assure you we will not stop at this. We'll do whatever is needed. On top of all that, let's also take a look at a moment to put the situation of broader context. We've made strong economic progress in the past two years. We created more than 12 million new jobs. More jobs in two years than any president has ever created in a single four year term. Unemployment is below 4% for 14 straight months. Take on paper workers is going up, especially for lower and middle income workers. And we've seen record numbers of people apply to start new businesses more than 10 million of them more than 10 million applications over the net last two years, starting businesses. Now we need to keep the program this progress going. That's what swift action that my administration over the past few years is all about. Protecting depositors, protecting the banking system, protecting the economic gains we've made together for the American people. Thank you, God bless you and may God protect our troops. Thank you. So look, anyway, look, here's the deal. They're bailing out this bank. They're not calling it a bailout, but that's exactly what it is. And they say, well, the taxpayer money isn't going to be no the taxpayer money is going to be used. Your hard earned money is going to be used to bail out these wacker noodles. And look, pardon me, but if you've got a business and you know that the bank is only insured up to $250,000 of however much money you have in that bank. Then that's on you. You need to get your money and you need to diversify. But nobody's doing that these days because they know they know that the Democrats are going to have their back. They know the Democrats are going to bail them out. And I'm curious to know from you, the great listers of this program do you believe we ought to be bailing out these banks that are going belly up 8 four four 747 88 68 that's our toll free telephone number that's 8 four four 747 88 68. Now the other bank is signature bank and all you need to know is that former congressman Barney Frank sits on the board of directors of the signature bank. And that bank collapsed over the weekend. Also, by the way, first republic bank, there was a run on the bank on Saturday and a word is that lines were out the door this morning people want to pull their money out. But again, if you've got under, if you've got under a quarter million, you're okay. Your money is going to be protected. You're going to be able to get your money. By the way, can I just suggest that and we've had Charles Thornton on for a number of times, at least once a month, and legacy precious metals, they support this program. Excuse me. And legacy precious metals. One of the things that thorington has been telling us, and he's been saying this for a good year now. Is that you got to diversify your portfolio? You've got to do it. And that's one of the things that I've done, which is invest in gold and silver, and those of you investing in gold and silver, you're going to be okay. You're going to get through all of this. But if you're not, well, you got problems. And it's going to be a rough go. We got to take a break. We'll be right back. All right, welcome back to the time stones radio program, very handy to have you with us today..
The Trish Regan Show
"charles thornton" Discussed on The Trish Regan Show
"I mean, it was like they couldn't get inflation if they tried. And now, well, careful what you wish for, right? Anyway, I want to bring Charles Thornton. It's great to have him back on the show. I'm back with Charles Thornton's CEO of legacy precious metals. Hey Charles, it's good to see you again. It's great to be back nice to see you as well. You know, we've talked a lot over the last year and a half or so. By the way, I just want to give a quick shout out to legacy precious models and Charles because this guy was there from the very beginning. As soon as I started this show, you guys have been quite a part of it. So we thank you for that sponsorship and for believing in the Trish Regan show in the very beginning. But I just want to point out, you and I spoke, I don't know, back in November, again in late November, and we're watching gold prices and some of the same things are true now that we're true then, but we're, I don't know, 12% or so, 11% since back then, even with this recent pullback, what's your thought on that? Well, let me just say we're very proud to be a sponsor of you. The opportunity came. We really made a very easy decision for us. We've been a big fan of you for a long, long time. So the pullback, you know what? Up 12% in the quarter, even with a pretty significant pullback right now. It's not surprising. This is what we've been talking about for over a year and a half now. And it really comes down to a simple process of disbelief. We have a market out there, and I want to talk about the equity market for just a quick second. That wants you to believe they have an answer for a problem they won't admit exists. This is the issue. You have people coming out. Who know better who no matter who no economics and know that we will see significant corrections still, but their job is to put you in a position so they can make money. So when we talk about a pullback in metals, it is absolutely bound to what we see in the equities market. The up 12% is not a surprise to me. The fact that we're much closer to 18% is significant for a quarter. And in that quarter, we've had a lot of amazing things happen. And one of them, just off the cuff, we have central banks who started purchasing medals again. To the tune of the largest amount in 55 years, which is important, and I'll bring that up in a second. China was one of them, by the way. China was won. But 339 tons, 339 tons of metal, were purchased. You look at that and say, okay, I bang on central banks pretty frequently. So do I? We got that in common. And we do it for the reasons that when we study economics and we look at numbers and we look at reality, we know their job is in sync with what's best for each individual, okay? So they have a different job. So while I talk bad about them, and some aspects, they're also not stupid. Let's be really clear about that. And just like, you know, when I talk about the Federal Reserve and the governor was on it and the chairman. I don't always agree with their decisions. And a lot of times I don't, but it doesn't mean that they're dumb. Okay? So there's other things in the works there. But back to those central banks, they know they have to protect the viability of the country they work for. That's their job. So when they go out and buy the most metals in 55 years, that tells you there's a problem. And let's look at what 55 years ago was. It's right around the time the U.S. dollar left the gold standard. It's right around the time we became the petrodollar. It's right around the time we said we were going to now let inflation rampage the earth. So it's very significant to me and it's very telling that we're back to where we were. And doing the things that we, me personally have been talking about for 20 years and you and I have been talking about for a year and a half. There's a bellwether out there. It's called precious metals. By having a portion of what you have, whether it's as a nation, whether it's as a company, whether it's as an individual, gives you the protection against exactly what we see now and going forward. Yeah, it's a very good point because a lot of times people say, oh, you know, gold. Why do you have all this gold in your portfolio? I've gotten that actually myself from my own investment advisers, and I'm like, hey, check that out. Aren't we glad we had that? But anyway, people have different amounts, depending on where they are and what their risk tolerance is, et cetera. But I think it's very telling what you just said that the central banks themselves all over the world want that gold. That says something. So even when people are like, oh, you know, it's this, it's that. It's hard to argue with what countries are actually doing. So that's another reason I think people should feel confident in it and something that, again, things go up, things go down. And I look at precious metals, gold for me, in particular, is something that I just hold long term. Because it's just one of those things that helps with the volatility in the portfolio. But why is it going down lately? Because we've spoken November like by January, I was like, wow, you know, this thing is up. It was some 18%. Now we're up like 12%, which is still, hey, awesome. But what do you think this ever so slight pullback is if all these central banks are buying? I think it's a twofold thing. I think you see, you know, again, if the central banks were my client, personally, I'd be saying, okay, let's get in. We've got a great price. We know we haven't run upcoming. Maximize right now. And then wait a minute. Once all that hurrah around all that buying goes away and once again, here's another thing too, once the equities market decide to be back in business again because they take the holidays off, you're going to see some downward pressure. So we halt and then when it pulls back, we buy what we want in any way, but we buy it on sale. Compared to where it was. And that's what I would suggest for my clients, right? If you don't have any gold, the prices kind of irrelevant, you need to get started. But if you have holdings, let's find the buying opportunities..
The Trish Regan Show
Trish Talks With Charles Thorngren, CEO of Legacy Precious Metals
"I'm back with Charles Thornton's CEO of legacy precious metals. Hey Charles, it's good to see you again. It's great to be back nice to see you as well. You know, we've talked a lot over the last year and a half or so. By the way, I just want to give a quick shout out to legacy precious models and Charles because this guy was there from the very beginning. As soon as I started this show, you guys have been quite a part of it. So we thank you for that sponsorship and for believing in the Trish Regan show in the very beginning. But I just want to point out, you and I spoke, I don't know, back in November, again in late November, and we're watching gold prices and some of the same things are true now that we're true then, but we're, I don't know, 12% or so, 11% since back then, even with this recent pullback, what's your thought on that? Well, let me just say we're very proud to be a sponsor of you. The opportunity came. We really made a very easy decision for us. We've been a big fan of you for a long, long time. So the pullback, you know what? Up 12% in the quarter, even with a pretty significant pullback right now. It's not surprising. This is what we've been talking about for over a year and a half now. And it really comes down to a simple process of disbelief. We have a market out there, and I want to talk about the equity market for just a quick second. That wants you to believe they have an answer for a problem they won't admit exists. This is the issue. You have people coming out. Who know better who no matter who no economics and know that we will see significant corrections still, but their job is to put you in a position so they can make money. So when we talk about a pullback in metals, it is absolutely bound to what we see in the equities market. The up 12% is not a surprise to me. The fact that we're much closer to 18% is significant for a quarter.
The Eric Metaxas Show
Eric Chats to Charles Thorngren, CEO of Legacy Precious Metals
"He's the CEO of legacy precious metals. And here he is, Charles Thornton, welcome to the program. Thanks, Eric. Thanks for having me. Well, I know the basics, but I thought there was an article recently that I read where treasury secretary Janet Yellen was just talking about the economic chaos that lies ahead. I mean, I think most people know the economy is to use the technical term L stinko. And so, you know, your financial expert, how did we get to this place? And what can people do about it? Because people are asking me, and I don't have the answer. What should I invest in? It's a big question, but I think if we look and we really are honest about how we got here. It's several administrations worth of bad money management. We have run a deficit in this nation that's unsustainable for quite some time. And we've seen that become even hyper exaggerated with this new administration. With $9 trillion in debt, you put yourself in a situation where your dollar doesn't have the equity that it's supposed to. And ultimately, when we talk about our economy, we want to talk about the lives that we're living, how it affects us. The quality of our life. And that's what we lose by having a weakened dollar. We parlay that into our retirement accounts. And where we keep our money usually in the equities markets. The market is so over exaggerated in its value right now. From years and years of quantitative easing and free money and easy money that that has to come into play and be
The Trish Regan Show
Elon Musk Takes 9.2% Stake in Twitter, Stock Soars
"So the guy's got a big Twitter account, shall we say? It's good news for the company because it had sort of been, I think in some ways kind of left for dead. It hadn't figured out how to monetize its business in ways that were going to really help it going forward. It had grown users. I would say over the last three years, we saw an improvement in the user base. So that was good news, and it certainly a sticky platform, but you have to be able to do something with all of that, right? So you have all these people there, you're growing the user base, but there's lots of competitors out there, and if you're not able to properly monetize the company, then it becomes very challenging. Anyway, so he is tweeting over the last couple of weeks. Hey, you know, should there be another platform? Do you think that Twitter really embraces free speech? So we got everybody kind of worked up and then lo and behold, it turns out that it was, I believe, on March 14th, that he made the purchase. So that means that was what about two weeks ago? Shares are up 50% since then. I think he bought it for just about $3 billion. So he's made a pretty sum. The question is, does he continue to make money going forward? And my answer, my thought on that is, yes, I mean, maybe not this week. Maybe the stock settles down, but ultimately, if he can join the board and I would think that he would want to join the board and I would think that the board would actually want him on there. Then he's going to have a hand in helping this company sort of figure out its strategy going forward, which means one being all encompassing in terms of bringing as many people to the platform as possible and allowing a lot of different viewpoints on that platform, which may mean getting a new tech team in, frankly, to adjust the algorithms so that you're not squashing things needlessly. And then the other thing is once he's on the board, maybe he can think even about how the company incorporates, I don't know, say something like crypto in its future, right? He's a huge crypto enthusiast. So maybe there's a play in this Twitter space again as it comes to monetize its user base to incorporate crypto and then the other thing that I'd be thinking about and I know we don't necessarily want to think this maybe there's a play here to sell the company ultimately to a private equity firm or to maybe a bigger tech firm or hey, maybe even like a PayPal that would be able to work in some of that crypto stuff. Now I'm just talking theoretically and I want to get to ahead of ourselves because right now I think we should all be sort of excited. I'm excited. The Elon Musk is coming to Twitter because I see him as kind of well just a revolutionary. He's a smart, brilliant guy, irreverent guy. He recognizes the insanity that's out there right now. Hey, Jack Dorsey even recognizes it. In fact, he was quoted today as saying, you know, you feels bad that he's kind of created this very single lane platform where only one view is tolerated. So I think there's a real chance here to improve upon this and look, I mean, my answer to bad speech is always more speech. You need people to be able to speak freely. And so if you can create that platform there with Twitter, then that's really going to be a very, very good thing. So ultimately, I think for shareholders, they should be looking at this and just rejoicing. Of course, they probably are because the shares are up 30% right now. But long term, there may be some real upside in this company. I mentioned sort of inability for a lot of different voices to be heard. And it brings me to one of our sponsors of this program, which is a Mac, they are doing what they can, everything they can to make sure all voices are hurt, especially conservative voices. I mean, it seems like a lot of voices shall we say are protected, but not when it comes to conservatives. And this is why amac is out there, the association of mature American citizens is standing up for you, standing up for the future of America conservative voices there for mature Americans that believe in freedom. And all the freedom loving things in American so want and want to hold dear. There's 2.3 million members here that share your values my values and you know what you get all kinds of great discounts, all that good stuff. So travel, hotel, cell phone plans, insurance plans, just go to amac dot U.S. slash Regan, my last name, REG and you can sign up. It's only $16 a year and you're going to get all this free stuff. So it's really, really worth doing. You'll make it back in a day. I'm so glad to be able to tell you about it. I really think it's something you should look at. So again, amac dot U.S. slash vegan for your membership and take a stand there for America. I want to get to oil because oil is continuing to move higher in today's market and I don't think we've seen anything yet. I actually think that oil is going to get really, really high. We're looking at about a 101 $102 per barrel right now. And that's in part, it's been eased because the president came out and said he was releasing the strategic petroleum reserve over the course of the next 6 months, which would be a 180 million barrels that would be released into the oil supply, but I'm going to tell you this, it's not enough. It's not enough, and it's only 6 months, and we've got to figure out a better long-term solution here. Because we can't be dependent on the likes of Russia. I'm sorry, but this is truly awful what we're witnessing right now. And what came out over the weekend is devastating and you can look at it in many places. I don't even want to show you. The kind of thing that makes you sick to your stomach and you think how can a nation be so horrible so horrible to its neighbors so horrible to its brothers and sisters and cousins and we see Russia, Russia is clearly capable of some pretty horrific awful stuff. So let me reiterate. We don't want to be giving them any business. We don't want to be giving them any money any any trade whatsoever in light of everything that we have learned. It's time for the United States of America to be completely self reliant. That means natural gas can't be coming from Russia. By the way, not just us. The free world in general. All of Europe needs to say enough. Now, it's coming out, you know, in the last 24 hours, we've heard more and more that we're looking towards greater sanctions, the U.S. both and the Europeans together are looking to sanction more of Russia, but I just question why we haven't done this already. What are we waiting for? I mean, we should be doing everything we possibly can to give Ukraine the assistance it needs. And that means sanctions like Russia has never seen before, that means military equipment to aid the Ukrainians, that means intelligence gathering, helping them, however we can. There's a lot we can do without actually finding ourselves in a situation that would be World War three. But we can't sit back and pretend that none of this is happening. We can't sit back and allow a monster like Vladimir Putin to do what we've seen him do. Meanwhile, oil, that's why I say you haven't seen anything yet. I mean, if you want to, if you want to play this one, the commodities fund is the way to go because there's no way that oil is going to go down any time in the near future. In fact, as we go into summer months, I would anticipate it's going to go higher and higher and higher. The refining capacity changes in the summer and there's additional things that need to be done to the oil in order to get it into gas tanks. And so that's going to be problematic. It comes at the same time when you have in the in the driving season, right? Some are driving season and it's all happening as the entire world just reacts with horror to Russia. So as more and more people and more and more countries, hopefully more and more countries, I'd like to see more and more countries shut Russia off, that means less of a supply out there that would drive up of course the price of oil. So it's so important that we start thinking strategically about how we fix this. And I'm sorry. I realize everybody wants these EVs. It's not going to happen. Tomorrow. And we need help tomorrow. We need help very much in the near future. So whatever can be done, we need to have some adults in the room in terms of our energy policy to think through this so that the American people are not paying the price with $9 at the gas pumps because that's what we're going to be looking at. And the answer is not giving them $800 in Maine or $300 in in California or saying, okay, we're going to forgive the 25 cents per gallon tax in Connecticut. No. The answer is having a long-term plan, a real solution. To make sure that we have energy for as long as we need it. For as many people as we need it. And that means a multi prong approach. I mean, I just can't believe the stupidity of these administration that wants to sit there and keep telling us, you know why? Here's why. There's no leadership. Absolutely positively no leadership. These people are all worried about getting reelected, and they've convinced the world that climate change is the biggest problem out there. So how are they supposed to turn around and say, well, actually, it turns out that Russia's the biggest problem out there, and now it's compounded by the fact that our lives are going to be harder as Americans because oil prices gas prices, energy prices are all moving up up and away. This is just one massive mess and I hope I hope. There are some smarter heads that will prevail. Look, I think if not, we're very likely looking at a recession. I've told you that before, I think a recession is very much something that could be in the cards, only because you can't have $9 a gallon and not have some kind of effect. We're going to see because we're coming into mid April here, how this affects earnings. All the companies with their earnings reports are going to be coming out. We'll get a sense of whether or not the consumer really can withstand these higher energy prices. I don't think they can. I mean, look, I guess it's good because people are going back to work and so maybe they have a little bit more money, you're seeing that reflected in the unemployment rate, which continues to drop. The number of jobs added, which was more than expected, maybe people are going to have a little bit more cash on hand to pay for this higher oil, but look, I think there's a real risk that we're heading into a recession as a result of these higher energy prices, not that I would trade it. I mean, I actually think that, you know, you make choices in life and you make choices as a country, and sometimes you just need to stand up for what is right. And standing up for Ukraine is the right thing to do. I want to get to legacy precious metals that I told you about in the beginning of the show because with all the chaos in the world right now, probably saying, how do I how do I manage this if I'm trying to think about my retirement? How do I hedge out all this inflation? And one of the very best ways to do this time and time again is gold. I mean, I have believed that for decades now. And I've been proven right. It's not always perfect, right? There'll be times when maybe the market out performs gold, but then when the market's down, that gold comes in pretty handy. And right now we're looking at nearly $2000 an ounce, they're on gold. So this is an investment worth having. This is an investment worth holding. And my Friends over at legacy precious metals have been doing this for years for about 40 years. It's a family run business, and they can help you. So I want to give you their number one 8 6 6 5 8 9 zero 5 6 zero one 8 6 6 5 8 9 zero 5 6 zero legacy p.m. investments dot com Charles Thornton. He runs the company. He was just on the show the other day really wonderful group of people that can assist you as you try and figure out how you're going to hedge out your future. How you're going to hedge out inflation because you're getting it one way or the other. I mean, best case scenario, the fed gets two to 3% a year, right? But right now we're looking at 6.7%, 7.7 .9%. It's like sort of a dyslexic moment. 7.9% in terms of inflation. I think it's going to get far worse than that.