Financial Issues - 08.06.2025

Episode Transcript

Speaker 1 (00:04):
Welcome to Financial Issues, where we join reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen man, as we give
you the practical tools and advice you need to become
a biblically responsible investor.

Speaker 2 (00:24):
Good morning, folks, welcome to Financial Issues. Wonderful to be
here with you today, Seth, you Dinski here with you
this morning. I'm grateful for each of you, my friend
Sam Case on the audioboard, grant Ace on the TriCaster,
having a good time this morning, and grateful for each
of you joining us. Sam, We're ready to rock and
roll once again. Brother, It's going to be fun.

Speaker 3 (00:40):
Oh as always, I'm a rock star.

Speaker 4 (00:42):
Today.

Speaker 2 (00:43):
I'm excited and we got a busy show today. We've
got several guests, several beloved guests in the FIS family.
You know and love these guys. Dan Steiner, if Preborn's
going to join me later, bring us up to speed
on what Trump is doing to reverse Biden era abortion
policies while also trying to defund plant parenthood. Will take
a heavy dose of both of those. Please, that is awesome.

(01:03):
Two scoops of lease absolutely all sprinkles, uh, huh yep,
that's right. And Twila Braves of cch Freedom also is
going to join me later. We're gonna analyze Trump's efforts
to regulate drug prices. That'll be an interesting conversation. You
don't want to miss that. If you've got questions for
either Dan or Twila. Dan will be coming on with
me in the next segment. Twila will be in segment three,

(01:23):
so a little more time to ask questions for Twila,
So get those into the chat, folks, if you want
those questions answered. Also, Trump laid the lumber on JP
Morgan and Bag of America yesterday. My goodness, this was,
you know, concerning their rumored d banking practices. We'll see
how this played out in just a moment. But it's
great to have each of you today. I'm so thankful

(01:44):
to be able to do the show once again. It's
an honor to do it every day. I do hope
if you're not a partner with us, you would consider
becoming one partners. Please check out yesterday's partner commentary. Very
very good, really a great read, a great understanding of
kind of what's happening right now in terms of markets
and kind of maybe what you need to do if
you're building out your portfolio, if you're starting new portfolio,

(02:05):
there's some great practical insight there for you. Also, make
sure you act on last night sell alert. We did
issue a sell alert of UT forty nine. I just
got the text alert this morning. If you got the
text alert, let us know. If you didn't, let us
know as well, and we can help you out with that.
This company sadly is being bought out by a non
biblically responsible company, so we need to part ways with

(02:25):
them to keep our portfolios God honoring. So please do
that when you have a chance. All right, seam, let's
kick it off here with this d banking silliness. So
Trump really once again he laid the wood on JP
Morgan and Bank of very much.

Speaker 3 (02:40):
How did this play out here? So this happened on
CNBC yesterday. Donald Trump was on squawk Box where he
called out JP Morgan and Bank of America, after which
both of their shares slipped quite a bit on Tuesday,
after President Trump said both of those major banks rejected
him as a customer. Here's a clip of him talking about.

Speaker 5 (02:59):
That BE Morgan Chase.

Speaker 6 (03:02):
I had hundreds of millions of dollars in cash.

Speaker 5 (03:04):
I could see if they wanted to, you know, if
they want to do something bad because you don't have
any money and you're defaulted.

Speaker 6 (03:10):
And they took people out.

Speaker 5 (03:12):
But I'll give you me as an example, I had
hundreds of millions. I had many, many accounts loaded.

Speaker 6 (03:19):
Up with cash. I was loaded up with cash, and
they told me, I'm sorry, sir, we can't have you. You
have twenty days to get out. I said, you gotta
be kidding. I've been with you for thirty five forty years,
they said.

Speaker 1 (03:34):
And I mean I had all this, guys, I didn't.

Speaker 6 (03:37):
Know what to do with it.

Speaker 2 (03:38):
Then what happens is I call.

Speaker 5 (03:40):
A Bank of America routinely, because when I was president,
this was after I got out. I call a Bank
of America routinely, and I speak to him, and I.

Speaker 6 (03:49):
Speak to a couple of people, and they have zero interest.

Speaker 3 (03:53):
It's funny, seth. I just noticed, if you're watching on
the screen, you would have seen JP, Morgan and Bank
of America stocks going down in real time.

Speaker 2 (04:01):
Well a very amusing Yeah, this was before the markets
open yesterday, right, but it was on squawk Box. Yeah, exactly,
as it's happening. Yeah, crazy great.

Speaker 1 (04:09):
Yeah.

Speaker 3 (04:10):
So basically what he was saying there was that JP
Morgan canceled his account. They give him twenty days to
get rid of all this money, millions and millions of dollars.
So he thought, well, I'm going to go to Bank
of America, and Bank of America hung off the phone.
They said, yeah, not so much, mister President. Now Trump
is now preparing an executive order that would punish banks
like these two with fines and other disciplinary actions for

(04:31):
d banking customers. And interestingly enough Seth it appears JP
Morgan's kind of on board with this. They released a
statement denying that they d bank people for political reasons,
but at the same time saying that regulatory change is
quote desperately needed. They said, quote we commend the White
House for addressing this issue and look forward to working
with them to get this right now. It also should

(04:55):
be noted that banking groups for some time have been
complaining about this practice. They say that d banking is
really not their fault. Instead, they say it's caused by
excess government regulation, especially an FDIC rule known as reputational risk,
and that's a rule that can cause banks to be
forced basically to drop controversial customers or businesses because it

(05:16):
could harm the bank's reputation. It's a real mushmouth phrase,
and it's led to really controversial practices in banking. Under
the FDIC, Trump has said that it's working to remove
a reputational risk as part of its evaluational practices.

Speaker 2 (05:31):
Sam, thanks for bringing that up to us. You know,
d banking can be. It can be a scary thing
for sure. I'd love to try to get Nick Uyuchick
back on the show and try to get him on
the show in the next several days or so. We
had Nick on several months ago and he shared his story.
Of course, he's a very famous Christian author speaker. He
does not have arms or legs, and so that's a
part of his you know, testimony. But another part of

(05:53):
his testimony recently is that he was debanked for being conservative,
and so we actually ended up starting his own, you know,
kind of online bank. I believe it's pro life fintech
if I'm yeah, that's right, but that's what it's called. Yeah,
I'd love to get him on, Sam, because I think
he'd be able to share some really good things for this.
But you know, folks, notice a couple of things here.
JP Morgan, to its credit, you know, there's not really
much else that they can say other than yeah, we

(06:15):
agree this is bad and we're going to try to help.
But what they said in their statement they don't close
accounts for political reasons. At the same time, we commend
the White House for looking into the issue and agree
regulatory change is necessary. Which one is it? I mean,
I don't think Trump would lie about this, Sam, I
think this probably happened.

Speaker 3 (06:34):
I think what they're saying is, yes, people do get debanked,
but they're saying it's not exactly for political reasons. It's
more because of this reputational risk thing which backdoor causes
conservatives to get debanked.

Speaker 2 (06:47):
But it's more for that, right, right. So it's interesting
stuff for sure. I wonder if JP Morgan probably did
dbank Conservatives has done so in the past. Maybe it
was convenient in the last administration, maybe it's not so
convenient now. Either way, you know, I'm glad that they're
willing to work with the White House, and.

Speaker 3 (07:05):
I'm reading that statement, I'm thinking they're basically agreeing without
saying the quiet part exactly.

Speaker 2 (07:10):
That's that's really what it kind of seems like. So, Sam,
I think this is a great use of governmental power.
If the president does this. There are probably some who
might lean more libertarian, who would say the president should
stay out of it and just let banks do what
they want to do.

Speaker 3 (07:24):
I think that this is libertarian, though. This is restricting
government power because the banks are saying, the only reasons
we're debanking people is because the governments breathing down our nets.

Speaker 2 (07:34):
Right exactly, yep, exactly. So let let let banks be
able to freely have anyone bank with them, regardless of
their political opinion. I think it's great stuff. So good
to see that from the president. Sam. Elsewhere I found
this kind of interesting. Grocery cost appear to be getting
out of hand. I don't think this is a surprise
for anyone. But what can you tell us about this?

Speaker 3 (07:54):
You go to the grocery store at all, seth, you
ever have to eat?

Speaker 2 (07:57):
I don't if you want to know that, Listen, the
elites don't wait to know this. But food costs money,
and lately it's cost a lot of money.

Speaker 1 (08:05):
Quite a bit.

Speaker 2 (08:05):
Actually. Yeah.

Speaker 3 (08:06):
According to a new AP NRC poll, about half of
all Americans now say the cost of groceries is a
major source of stress.

Speaker 4 (08:14):
Well.

Speaker 3 (08:14):
At the same time, another third say it's least a
minor source of their stress. So all told, you add
those numbers together, about eighty five percent of Americans are
feeling at least somewhat stressed out by the price of groceries.
And that's not to mention other financial stressors like housing
costs or the amount of money in the bank. By
the way, the Bureau of Labor Statistics this may says

(08:35):
the average American household spends about six thousand dollars a
year on groceries. That's about five hundred dollars a month.

Speaker 2 (08:42):
Sam, I believe it. I'll say this personally. I'll pull
back the hood a little bit. Folks, the single most
stressful item on mine and Megan's budget each month is
the cost of food. I'm tempted to call Megan up
live on the show, but I don't think she would
like that very much and ask, hey, how much do
we spend on food? It's prob I think we probably
will exceed that average with a family of five, and
that's the three young kids, and it's not like we're

(09:05):
you know, Gordon ourselves and eating a lot of food.
It's just food cost expensive. I think we're fortunate if
we get a month where our food budget is less
than that five hundred dollars average. And that's with trying
to limit eating out or not eating out at all.
You're still but still listening. Grocery costs are expensive, especially
the healthy stuff, especially good meat, good dairy, you know products,
all that stuff. It can get really expensive.

Speaker 3 (09:27):
And this is a big problem for Donald Trump. I
was talking to my parents about this, and you know,
they really like Donald Trump. And my mom said, you know,
there's one thing that he needs to fix, and these
grocery prices. And it's getting to the point where I
almost don't care about the other stuff he's doing. I
want these costs to come down because it's killing me.

Speaker 2 (09:42):
It's right, man, And that's that's the key. Sam. We
got to remember this. That's what Trump ran on. So
he's going to have to address it at some point.
He's going to have to address it, and not just
in ao you know we're getting there, but actually seriously
addressing that that issue. You know, folks, this brings up
something that I think is kind of fascinating.

Speaker 7 (10:02):
Here.

Speaker 2 (10:02):
I'm speaking to myself here older generations. When young folks
talk about how tough finances are for them, my first response,
and I am a millennial, my first response is to say,
just deal with it, stop being such a whiner. But
maybe we should consider a gracious response because the younger
generations are growing up with ridiculously expensive things all around.
Houses are ridiculously expensive, Groceries are ridiculously expensive. I need

(10:26):
to learn this because I'm perhaps the hardest millennial on
millennials that I know. I'm really hard on my own generation,
but it is true. I think it's good for us
to be gracious and also to look for ways that
we can paint a positive vision for the upcoming generation
here and maybe even help them achieve it. That's where
generosity comes into play. That's where teaching them how to
invest well and be biblically responsible comes into play. Also well, Folks,

(10:46):
dan Steiner is going to join us next. I'm looking
forward to that conversation on financial issues. Say hello, if
you're in the chat, we'll make sure to give you
a shout out more financial issues right after dispart. Folks,

(11:07):
welcome back. Good to be here on financial issues with
each and every one of you. I've got a very
special guest joining me on the program today, my friend
Dan Steiner. Dan is the founder and president of Preborn.
Preborn in the business of saving babies and bringing the
Gospel of Jesus Christ to mothers and fathers. It has
been in our honor at financial issues to partner alongside

(11:27):
Preborn for many, many years and to continue fighting the
good fight with them. Dan, welcome back, brother. It's a
delight to have you today.

Speaker 4 (11:34):
Great to be here. It feels like home.

Speaker 2 (11:36):
Seth, good morning, Amen, Thank you brother. You know, Dan,
there's a lot of talk right now about the fight
for life, and I think a lot of good things happening.
What I'd like to begin here is a news report
that I heard recently about the Trump administration reversing several
Biden era policies, one of which was the authorization of
VA hospitals to perform abortions. We're seeing a lot of

(11:57):
reversals like this where there seems to be return to
a more pro life center. What do you make of
all of this? How should we think about this?

Speaker 8 (12:08):
Well, with gratitude to the boss of Preborn, which is
the shepherd king back here Jesus who put President Trump
in office, and he is the most pro life president
personally pro life.

Speaker 4 (12:21):
I know this for a fact.

Speaker 8 (12:22):
And so he's enacting the things that the deep state
Biden and Obama administration put in place, such as the
VA authorization.

Speaker 4 (12:32):
They reversed it.

Speaker 8 (12:33):
It's not legal for the BEA to do that, you know,
to pay for veteran hospitals to do abortions, to pay
for servicemen to fly to abortion clinics, none of that's
supposed to be paid for by the US taxpayer. And thankfully,
the Trump administration is inch by inch and the great

(12:55):
cabinet he has appointed in the White House Faith Office
is put in place, all of which are Christian people
that are surrounding his ear with conservative and Christian principles.
Trump is a Christian, he especially after Butler. Yeah, gives

(13:16):
credit to God. And by the way, said, did you
know that Trump wasn't the only president that was.

Speaker 4 (13:21):
Shot at Butler? No, interesting, that's a fact.

Speaker 8 (13:26):
Yeah, there's another president that was shot in Butler, Pennsylvania,
George Washington non fatally.

Speaker 2 (13:34):
Wow.

Speaker 8 (13:35):
So it's just kind of an historical point, but it
was a historical point in Trump's life. It really attenuated
his focus on the fact that he's there by Gad's appointment,
and he's making the most of it.

Speaker 4 (13:47):
So thankful for that.

Speaker 8 (13:50):
The one thing that we need to still see come
out of the administration is and you guys can call
your senators, a congressman and everybody else you know, that's
enforced the compstant at which says that you cannot mail
a board efficients the US Postal Service. That's standing law
and it's not being enforced. And obviously it's compromising pro

(14:10):
life states who have outlawed abortion, and yet deep state
abortion doctors are mailing abortion pills into places like Texas
and Mississippi and like from California where the king of abortion,
Governor Newsom has put shield laws in place to protect

(14:31):
them from being from violating the law and from being prosecuted.
So the war is out there, you know, thicker than ever.
But I would say, for sure, as what you cited
with that particular piece of legislative change, we're making great
headway and very thankful.

Speaker 2 (14:51):
Yeah, it sure seems like it, Dan, and I would
agree with you wholeheartedly. I love that connection you made
with George Washington too, to influential president and both of
them I believe called by God for the time that
they were in and I would agree with you. Both
men I believe are counted among the saints. It's pretty cool.
Pretty cool, uh, And certainly seeing that you know you

(15:12):
you you brought up Trump being one of the most
pro life presidents that we've ever seen. I happen to
agree with you on that. Some people will disagree. Some
people will say, well, he's personally pro choice and all
that stuff. But I have to I have to tell them,
look at the actions, look at what this man has
done in in in word and deed, not just word.

(15:32):
I don't I don't want someone in the office who's
going to say, yeah, I'm personally pro life, but we
got to figure this thing out. Now. He is, he
has enacted these things, and it's wonderful to have that, Dan,
and I would also say thank you for bringing up
what's going on with those mail and abortions as well.
Tell our listeners one more time, what do we need
to do contacting our local officials? What else can we do?

Speaker 8 (15:51):
Well, certainly pray, you know God, yeah, is sovereign over everything,
and so he can turn this thing back in a moment.

Speaker 4 (15:57):
Women are being.

Speaker 8 (15:59):
You know, at least sixty five percent of abortions in
America are being actuated through the Internet, the biggest abortion.
It's no longer as planned parentheud, but it's the Internet.
And they're destorying their babies, berthing their babies, their dead
babies on their bathroom floor and their toilets across the right.

Speaker 4 (16:17):
Its devastating the hearts of American women.

Speaker 8 (16:20):
And you know, so anyone of influence, you know, in
the government could put pressure on RFK and mcarrey to
make America healthy again by not aborting women in their bathrooms,
you know. And we found out sadly in May that
there was a longitudinal study done since twenty seventeen.

Speaker 4 (16:46):
It just came out.

Speaker 8 (16:47):
So you have all those years, eight years of insurance claims,
not pro life hyperbole or propaganda, but insurance claims of
women that took the abortion pill and had had hospitalization
and insurance claims on this and eleven percent of them,
eleven percent of women that take this drug mephipristone, end

(17:09):
up hospitalized severe complications. And so this is a travesty
on the health of American women and any other drug
that they found out empirically that it had that kind
of effect on would be pulled immediately off the market,

(17:31):
but this has not, and they're not doing anything about it.

Speaker 4 (17:35):
Trump is himself personally pro life.

Speaker 8 (17:39):
His wife Milania is personally not and openly about it.
So that's not a great thing either. But they agree
to disagree, is my understanding of it. So this is
the thing that Preborn is trying to combat on an
hour by hour basis on the internet, competing with the
abortion pill site and land Parenthead, trying to get the

(18:02):
women into our clinics and see ultrasounds sponsored by the
many listeners of financial issues, and here in the month
of May we underwrote a lot of ultrasound sessions and dods.
And what's thankful that you know that still is the
best defense we have for these babies is let their

(18:23):
mothers see the reality of the life inside of them.
That heartbeat, South It is the thing that changes the
mind even more than the picture. Heartbeat is worth more
than a thousand words in this case picture. And I've
actually been told that there's a gynecological response in a
woman when she hears her baby's heartbeat.

Speaker 4 (18:43):
There's an indepen response. So it's cool.

Speaker 2 (18:48):
You know, Dan, It really is cool. I have a
four and a half month old son now, and every
time I look at his fists, sometimes I'll look at
his fists and I'll think that's the size of his heart.
That that little heart has been beating now for over
a year, because it was beating when he was in
the womb for nine months. Now he's been out of
it for over four It's just amazing. It's just amazing.
And Christians, Christians need to be the ones leading the

(19:09):
fight to save and protect these little ones here. Dan,
you know, one of the foes that you guys continually
fight against and we stand with you is Planned Parenthood.
And I was so incredibly excited. In fact, the part
about the big beautiful bill that excited me the most
was the promise that some form of funding would be
slashed from Planned Parenthood. I was originally told it might

(19:30):
be ten years slash, then only one year. I'll take
whatever i can get, Dan, But what is the latest
news on your radar regarding Planned Parenthood being defunded? Are
we seeing Planned Parenthood facilities getting closed? What can you
tell us about.

Speaker 4 (19:42):
This Plan Parenthood is in fact closing.

Speaker 8 (19:46):
I think they closed like two or three in Louisiana
here recently are going to but that's not because of
the Big Beautiful Bill. Big Beautiful Bill is hamstrong and
a very half hearted effort. They stopped them from receiving
Medicaid funding, which is about seven hundred fifty million dollars.
Not just playing parenthood, but any abortion provider that provides

(20:09):
over eight hundred thousand dollars worth of abortion services is
prevented from receiving any Medicaid funding. Now, that's devastating for
them and is what should be done, but it was
tied up in court, still tied up in court, and
you know, we're several months into it now, so the

(20:29):
clocks ticking or losing ground on this thing. I think
we need to find out which Senators were the ones
that change that to one year, Which Congressmen are the
ones that suggested that, because that's, you know, a compromise,
big time politics. They already compromise by definition anyway. So
it's a very difficult thing to get anything that rings

(20:53):
true through, even with a great administration like we've got.
But we're thankfully, as you said, for anything that we
do have that Medicaid defunding hasn't taken place. Yet is
tied up, you know, and contestation by the courts, and
so here we are. You know, we'll have to see

(21:17):
where it all lands for sure.

Speaker 2 (21:19):
And you know, Dan, that brings to mind. So the
way that planned PARENTO it gets funded, folks. I don't
know if you know this, but it's part of it
is government funding. The other part of it is donor funding.
We don't have as much control over the government funding, Dan,
but we do have a lot of control over the
donor funding. And that's where Preborn comes in. That is why, folks,
you need to consider using your donor dollars to help Preborn.

(21:42):
Preborn is in this fight. Dan. It's such an honor
to stand with you guys in this And as we're
coming to the end of our interview here, can you
just share with our listeners how we can pray for
and support Preborn in your success. I know you guys
are growing, You guys are fighting back against this darkness.
How can we come alongside you?

Speaker 4 (22:00):
Yeah, you guys, please do pray.

Speaker 8 (22:02):
I know that the audience listening today for financial issues
are the bedrock not only financial issues, but of Preborn's
support base.

Speaker 4 (22:12):
You guys are thanks to Dan saying.

Speaker 8 (22:14):
We wouldn't be on literally every radio Christian radio program
and conservative influencer in America word not for Dani's and
Yvonne Celia giving Valerie that insight that hey, this reaches
a lot of people, and so we're appealing to the
conscious of the American Christian and conservative to do something
about this. And the best thing you can do, as

(22:35):
you suggested, is to pray, particularly that we can get
around the Google of logarithms and that we can reach
more and more women online and get them into our clinics.
We've got a battery of nurses on all time zones
that are talking to these girls, helping them to get
into the clinics.

Speaker 4 (22:54):
We know that if a nurse.

Speaker 7 (22:55):
Talks to her that it makes it thirty percent greater
that she will choose light and go into.

Speaker 4 (23:06):
Clinic and make the appointment.

Speaker 8 (23:07):
And so we're making progress. Thankful for the listeners of
financial issues for sure.

Speaker 2 (23:13):
Well, Dan, we're thankful for you, brother, and it's an
honor to stand with you. Thank you for joining me
on the show today and bringing us up to speed
on what's going on. Folks. If you want to learn
more about the great work Preborn does. Check them out
at preborn dot com. You can also call them right now.
You can dial Pound two point fifty and just say
keyword baby pound two fifty, keyword baby. Dan Steiner, my friend,
the founder of Preborn. So grateful to have you on, brother.

(23:36):
I look forward to the next time that you get
to do it. We got more financial issues coming up, folks.
If you have to leave us, hope you have a
great day, but hope you'll stick with us. Twile embrace
up next on financial issues.

Speaker 4 (23:45):
See the.

Speaker 2 (24:06):
Welcome back folks. Financial issue. Is good to be here
with you this morning. The market's just open, but we'll
take a look at those in about ten minutes or so,
maybe fifteen minutes. Because I have a special guest joining
me on the show today. You know we're in lover,
Twila Brez, our friend from CCH Freedom. She's the president
and co founder of CCH Freedom. You can learn more
about what Ccchfreedom does at ccchfreedom dot org. So check

(24:28):
that out there, Twila. Always a pleasure to have you.
Welcome back.

Speaker 9 (24:32):
Yeah, it's always a pleasure to be here.

Speaker 2 (24:34):
Thank you for sure. Twile. Let's start give us your
take on President Trump's recent order. So he sent an
order to drug companies to cut prices within sixty days.
This was about a week ago, so, or now about
fifty days from now or so. What do you make
of this in general?

Speaker 9 (24:52):
Well, I mean I know that he's dealing with an
issue that the public really cares about. Like when I
give presentations and I say, what do you dislike most
about the healthcare system? One of the things that always
pops up is drug prices. And of course they are
at the height that they are because they have third
party payment, and that includes government payment for drugs. Now,

(25:16):
what Trump is trying to do here is to sort
of bully them into lowering their prices to the price
that they sell it to other countries. But I would
like and I think the prices can definitely be lower.

Speaker 1 (25:29):
Right.

Speaker 9 (25:29):
But the one thing about the other countries to know
about is like in Canada, whereas we might have a
boatload of options of drugs, I know that we had
a Canadian speaker who came in and talked about in
Canada for this one class of drugs that there were
only eight and there was no option except if you
wanted to go to another country to get another medication.

Speaker 10 (25:52):
That if you.

Speaker 9 (25:53):
Could get it on your own unless you went to
that other country, found a provider in that country, and
then got the medication in that country. So you have
to consider the fact that the other countries use because
their government programs, right, so they just say, well, we're
only going to pay this much, and so you know
how many drugs can we get or which drugs can

(26:14):
we get for that price? Say okay, well we're just
not going to have any of the other drugs.

Speaker 10 (26:18):
Now.

Speaker 9 (26:18):
It is the fact that there's a lot of drugs
that probably we don't need. And the other thing is
with what the FDA says to a drug manufacturer. If
it's too close to a drug we already have, the
FDA says we won't approve it because we don't need
another drug like that. But what they're really doing is
avoiding or stopping the competitive forces, because if you've got

(26:39):
two companies making kind of the same drug, I mean,
why wouldn't you approve the second drug so that you
could actually have competition and bring the prices down. I
think that what Trump is doing here is imposing price
controls or trying to impose price controls and do whatever
he can at the federal level to do that, But

(27:00):
whether he'll accomplish it or not, I don't know. And
if he does accomplish it, it'll be temporary.

Speaker 10 (27:05):
I think, you know, he should look at.

Speaker 9 (27:08):
More permanent ways, like actually changing what happens at the FDA,
changing how long it takes for a drug to make
it through, changing things like allowing similar drugs to just
be approved, let them compete with each other, you know,
there are other ways to bring the prices down. And
of course moving to a more cash based system and

(27:31):
real health insurance rather than letting all of the third
parties be in the middle, which raises all the prices,
you know, would be better too. So, as you know,
we want to get everybody out of Medicare, or at
least open the door to let them out as the
rationing you know, increases within the program and they have
nowhere else to go. I mean, you know, it's like

(27:53):
an age discrimination law. Medicare is age discrimination. And in
eight years, in twenty thirty three, the Medicare trustees say
it will only be able to pay eighty nine percent
of its bills, and of course it will pay one
hundred percent of its bills, but it will decrease what
it will pay, and that means fewer doctors, fewer procedures,
fewer medications, fewer everything.

Speaker 10 (28:14):
We've got to let people out.

Speaker 9 (28:16):
And then, of course then the drug companies are really
going to have to compete on value, because people will
make decisions based on their own money, particularly if they
have real health insurance, which we want to give them,
and then they'll have to really compete and that will
bring the prices down. Now I think this is just
a Trump version of price control with a good intention, Yeah,

(28:37):
but still a price control Twyler that.

Speaker 2 (28:39):
Makes a lot of sense, And that was something that
was concerning to me about it also, is it seems
like price control the alarm bells in my mind going
off of government overreach into the free market. I'm hopeful
because I trust in who Trump is, but yeah, there
was a part of me that was a little bit
skittish about this as well. What I'm really glad that
you just brought up is the real issue. The real

(29:00):
issue does seem to be all these nonsense third parties
involved when we need to get people back on what
you described as real health insurance. Can you explain what
that is?

Speaker 9 (29:11):
Yeah, so real health insurance now you know, the group
that I'm talking to here on you're broadcast, probably some
of them actually remember when the health insurance company sent
them or their family a check, you know, to cover
the cost of care. And so this indemnity insurance medical
indemnity insurance is real insurance. It's a kind of it's

(29:32):
a contract between you and the insurance that it's not
a contract at all with the hospital. There's no prior authorization,
there's no third party retroactive utilization review.

Speaker 10 (29:43):
All these things.

Speaker 9 (29:44):
All these third parties that are in there are because
we have managed care, which is the health plan. We
have government which acts as sort of a version of
a health plan, right, and so these third parties in
the middle who say, well, we'll decide whether you can
and cannot have with the doct doctor ordered. But with
real health insurance, it's a contract between you and the insurance.

(30:05):
If the doctor orders that, the insurer pays you. And
then you decide what doctor to go to, what hospital
to choose, what other kind of facilities to choose, and
you're in control, and all the prices have to come
down to favor being in your favor, because they're going
to compete for individuals and they're going to instead of

(30:26):
you know, like five or seven or eight major insurance
companies around the country.

Speaker 2 (30:32):
Twiler, That's that's great, and I'm so glad that you
guys are in the front lines fighting for this. That's awesome.
You know you'd mentioned Medicare, Twilight. There's several anniversaries that
we are celebrating around this time of year. Well, let
me say this. I should say one of them is
a celebration because it's the anniversary of CCH Freedom's founding.
But the other one is the anniversary of Medicare. The

(30:52):
sixtieth anniversary of Medicare was on July thirtieth. Not as
much of a celebration with that one. In my opinion,
Twilight might be a contrab will take. I personally am
quite anti Medicare. It feels like socialist health care to me.
What do you make of this government program that's now
six decades in and counting and its days might be numbered,
as you just referenced, What do you make of this?

Speaker 9 (31:13):
Well, they'll keep that thing alive as long as possible,
even though it doesn't provide the care, and even though
you're trapped in it, they'll keep it as long or
alive as long as politically possible, right. But I think
the thing to know about medicare is its history, and
it gives you some idea of what it is. So
it's history is that the Democrat, the Democrat labor unions

(31:35):
way back when really wanted this. Truman. President Truman was
the first person to say we needed national health care
was the It was a Kennedy was going to put
it in because the unions wanted it, and then he
talked to the American Medical Association who said to him,
all the doctors will eventually come under control of the government.
This is a really bad idea. So he had decided

(31:58):
that no, there wasn't going to be the Medicare, and
then when he was assassinated, then Johnson came after him
and said, we're going to do this on behalf of
the martyred president. So Kennedy has said, no, it was
a bad idea, but Johnson wanted it and used President
Kennedy as a way to get it through.

Speaker 10 (32:17):
So this, you know, this was sriateedory of a terrible kind.

Speaker 9 (32:22):
And of course now we know that all of the
doctors are indeed under control of the government, and what
the government decides and government protocols and government payments, and
the fact that for instance, the government, I can't remember
the exact statistics, but they put in this relative value system,
I don't know, sixteen, eighteen years ago or something, and

(32:45):
it's a way to pay doctors and according to value
units of their care.

Speaker 10 (32:51):
And that price of that has been.

Speaker 9 (32:54):
Going down, down, down as inflation and costs have been
going up up up, And so I think it's something
like they're only a dollar and thirty seven cents or
a dollar and seventy three cents more than they were
making eighteen years ago per unit. And so this is
when you're losing your doctors. And when doctors say no
to Medicare, this is one of the reasons why. And

(33:15):
eventually Medicare patients aren't going to get hardly a doctor
at all. They're going to get the non physicians. They're
going to get the pas and the nps and people
who don't have medical training and are not physicians, and
they're not going to get the you know, they might
get the five year hip replacement rather than the fifteen
year hip replacement, you know, you know, just like everything

(33:38):
that cut the costs. So I think that you know,
the time for Medicare is over for the future, and
everybody who's dependent on it today should be taken care
of it because they've been promised it and because.

Speaker 10 (33:53):
They're dependent on it now. But there's so many young.

Speaker 9 (33:56):
People and even middle aged people who are still working
who could do really well getting a real health insurance policy,
a medical indemnity policy between them and the insurer, and
then they have the cash and the power in hand.

Speaker 2 (34:10):
It's awesome. Twila, Hey, give us a sense real quickly.
Here the resources you have, you have a lot of
them on Medicare at cch Freedom. How can our listeners
best utilize these well?

Speaker 9 (34:19):
I would particularly point everybody to our Medicare how to Guide,
which came out last October and which is going to
be really useful into the Medicare enrollment period that is
coming up. But also for anybody who's in Medicare, do
you want to be in the in the program you're in.
If you're in Medicare advantage and you're still healthy, now

(34:40):
might be the time to get out and in the
Medicare how to Guide, we tell you why and how
and so I you know, I have heard from people
that it has made their choice about medicare very easy,
and so I would really encourage people to get that.

Speaker 10 (34:55):
And you can find it, you know, on our.

Speaker 9 (34:57):
Homepage and the slider on top that goes around right,
you can find it there, and you can also just
find another link further down in the homepage on medicare.

Speaker 2 (35:06):
That's awesome, folks. All that can be found at ccchfreedom
dot org. Against ccchfreedom dot org, Twila, I appreciate you
so much. I know our listeners do as well.

Speaker 4 (35:14):
Thank you for joining me.

Speaker 2 (35:14):
As always the great work that you guys do to
fight for our health freedoms over at Ccchfreedom. We'll be
back folks, with more financial issues coming up after this break.

Speaker 11 (35:22):
Stickles The opinions and recommendations expressed on this program do
not necessarily represent the opinions of the station or any
of the program sponsors. Additionally, all products or services offered
by the program sponsors may not be known by the program.

Speaker 2 (35:46):
Hey, thanks for joining us here, folks on financial issues.
Quickly wanted to wrap up. Twila has some great resources
at cchfreedom dot org that guide to medicare if you
go to their home page ccchfreedom dot Org Twyla mentioned
that slider that's at kind of the top middle of
the page there, so Medicare is one of those. There's
another slider as well that CCICH Freedom is actually hosting

(36:08):
a gala in their Minneapolis area campuses called Escaping the
Medical Matrix. If you're interested in that, check that out.
You can go to ccchfreedom dot org and there's a
registration button there. Again, that's September eighteenth at six o'clock
PM for anyone who's interested, So you can check that
out today against ccchfreedom dot org. Good stuff. Theyre always
love having Twilights a great interview.

Speaker 3 (36:29):
I mean reminding us that even Donald Trump can sometimes
say those scary words, I'm from the government and I'm
here to help.

Speaker 2 (36:34):
That's right, that's right, and listen, I think Trump's done
a great job cohesively. But Sam, you're exactly right. Folks. Listen,
if you went through your history classes and did not
leave with some kind of distrust of the US government,
then you probably missed something. There's a general distrust of
our government that I think is good to have. I

(36:54):
think that's actually wisdom because on a certain level, listen,
these are sinful human beings. Best of them, the Christians
still sinful human beings. There's always the trap of power
and influence and money, and working in the government provides
an opportunity for all three of those, as we talked
about yesterday, Sam, with the perhaps lucrative investing career that
you can get by being in the government as well.
It's always good to just have a little bit of

(37:16):
healthy distrust. I'm not saying that you go crazy, and
I'm certainly not saying that you disrespect your governmental leaders
whom God put in charge of you. I think it's
using wisdom. I think it's using wisdom to say, you
know what, the people in charge they are not God,
and I will not treat them like God. I'm not
going to treat them as my savior to provide every
need for me. I have a savior, his name is

(37:38):
Jesus Christ, and I also have a God given intellect
and an ability to be able to work hard and
provide a good life for myself with investing, with working hard,
with making money, so that God willing, when I come
of that age, I don't have to rely on the
almighty government to provide for me. That's a wonderful reality
to live in Samy, you don't.

Speaker 3 (37:54):
And even when it's not something nefarious, which I don't
think it is with Trump in this case, I think
he really just genuinely wants drus kipper of the United States.
That doesn't mean all your ideas are actually good ideas, Rice.
They might be good on paper, but in the end,
I don't know. Price controls tend not to work out.
Actually they never work. Yeah, I think in the last
it might be. In the history of our country, certainly

(38:14):
in the last one hundred years, the wisest words potentially
ever uttered by a president were Ronald Reagan, and Reagan understood.
He had a good self you know, he had really
good self reflection to be able to say, listen, if
someone says I'm from the government and I'm here to help,
your first response should be distrust. It always should be.

Speaker 2 (38:31):
And he was someone who was in the highest position
of government folks, and he knew it. So good to
keep that in mind. Here the markets, let's take a
look quickly here. So yesterday, following Monday's big finish, the
major indices entered Tuesday with relative uncertainty, so so economic data,
tariff uncertainty. All that was playing into it averages were
down by midday, same with late afternoon, the dal Jones

(38:53):
was flirting with the flat line, but not really for
the other two, and by the closing bell they all
finished below. The Dow Jones was only down about an
eighth of a percent, the S and P down a
half percent, the Nasdck down two thirds of a percent.
The markets this morning is they've now open. They're open
in mixed territory. So the dal Jones just below the
flat line, S and B five hundred is just above,
and the Nasdaq is a quarter percent above the flat line.

(39:16):
Got a couple big earnings reports here. Uber beat on revenue,
Disney topped expectations. So those were a couple of the
big ones. I think there's one more bigger.

Speaker 3 (39:26):
Name, Donalds and also Spectation Donalds.

Speaker 2 (39:28):
Thank you, Sam. Yep, that's right, So that those were
some of the big ones there, all right, Sam, Let's
get to this question. So in the chat yesterday, Tucker
from Alabama asked a really good question yesterday that I
was hoping we could get to, but we just needed
a little bit of time to kind of dissect it
and sort of chew on it a little bit. So
we've got Tucker's question here, and we're going to try
to address it. Sam, What did Tucker say?

Speaker 3 (39:48):
Just as a reminder, so, Tucker said, according to Inspire
Insight And for those of you who might not know,
Inspire is a BRI screening tool, and he says, according
to them, none of the Timothy et br I inspired
does not evaluate Timothy mutual funds. But we can also
assume that they would also not approve of their mutual
funds either. FISM, meanwhile, has even less stringent BRI standards

(40:12):
than Timothy. So should we just make up our own
BRI standards since there's so many different opinions on this.

Speaker 2 (40:18):
Well, Tucker, thanks for asking, and I do appreciate that question.
I appreciate the heart behind it. Let me quickly address
your assumptions at the top, and then we'll tackle the
actual question. So here's what I can tell you with
that if either of the screening tools you mentioned screens
Timothy funds as dirty, the reason for that is almost
always as follows, And for our purposes, I can say

(40:40):
it's pretty much always as follows. Timothy plan periodically combs
through these mutual funds, and that process can sometimes be
time consuming. So you may see the mutual fund at
any given particular moment in time as being screened and reallocated,
and it might be screening dirty because the folks who
are doing that screening are looking into those companies and

(41:01):
weeding out the dirty ones that are part of those
mutual funds. Sometimes even Timothy Funds themselves will screen dirty
on Timothy's own screening tool. That's not a problem. It's
for this very reason. It's not because it's actually dirty.
It's because the combing through process is happening at that moment.
Chances are if you go back and look sometime later,
sometimes in a few weeks or a few months, or

(41:21):
whenever Timothy's completed that periodic process of recombing, the funds
will once again show up as clean because that screening
process is complete and updated. That's almost always the case.

Speaker 3 (41:32):
Right, And jim My understanding is that the way they
do this, it's not like the second they find something
dirty in one of their mutual funds or ETFs that
they can just immediately fix that.

Speaker 4 (41:40):
They actually have to wait.

Speaker 3 (41:42):
I don't know if it's every six months or what
it is, but they are on a time table. There's
a period when they update their ETFs and mutual funds.

Speaker 2 (41:48):
Absolutely, so hopefully that can help clarify some things. Tucker,
Now to your question, inspire an evaluator. They're two different
screening tools that have the same end goal. Okay, they're
fighting the same battle. We're on the same team. They're
screening out companies for bri purposes, so that these companies
can be biblically responsible, so that Christian investors like you
and me can confidently, in our good conscience put our

(42:11):
money to work in these companies and not compromise our
conscience ultimately for the glory of God. So they're both
fighting the same battle, but they might go about it
in slightly different ways. Some people may think, and I'm
guessing this might be where the heart behind your question here.
Some might think that's a bug. I tend to think
it's more of a feature, and I think it can
be a really good feature. Think about it this way

(42:32):
here at FISM, we do not have complete, one hundred
percent perfect theological agreement across the non essentials when it
comes to theological distinctives. Sam and I are dear friends
and brothers in Christ, and we disagree on certain theological distinctions,
And we might disagree with Michael Cardinal and Elijah Kelly

(42:53):
and Grant Ace on certain theological distinctions. The foundational things,
though we're aligned on really important. If you go to
a church. At a church, you're not going to find
every single person there is going to be a full
on dispensationalist, premillennialist, historic Armenian so and so, this that
or the other thing. There's going to be some differences

(43:14):
here and there. But are they all Christians? Do they
all believe the Word of God? Do they believe that
Christ died for their sins and rows from the dead.
Those are the most important things. And at a good
faithful church you will have people believing those foundational things,
even if they disagree on some of them.

Speaker 3 (43:28):
I might go as far to suggest a church might
not be one hundred percent healthy of everyone does agree
on every single little thing, and they need.

Speaker 2 (43:35):
To start having some conversations about different things. That's exactly right, Sam,
I completely agree were united on what matters most. The
point I'm trying to make there is inspire and evaluator
are united on what matters most being biblically responsible. I
think the variations between the screening tools on those specifics
can be a picture of this. That's a good thing.
It's good to have those varying perspectives when you get

(43:56):
down to the minutia of BRI, so long as you
agree on the non negotiables, and each of the parties
you mentioned certainly does so. To answer your question, Tucker,
I don't think that we should just make up our
own BRI standards. I do think that it's best for
you to follow the standard that we've set forth here
at FISM. I wouldn't be telling you that on this
show if I didn't think that, I probably I might
not even be working at this company if I didn't

(44:17):
think that. For Heaven's sakes, the FISM standard is based
upon the Scriptures. It's based upon the Bible. So is
the evaluator, so is the INSPIRE standard. We use wisdom
from those two screening tools. We use a lot of
wisdom from our analytic team, but ultimately we use the
Word of God and the God given intellect that He
gives each one of us. Since, after all, this model

(44:39):
is a DIY model. It is that's part of what
it is. It's baked into it. So if you're going
to lean into the DIY part of it, that's fine,
but you have to make sure your conscience is in
line with the Word of God. Ultimately, the most important
determiner of biblically responsible investing is the first part, the
biblical parts, the first name of it. Biblically responsible investing,

(45:01):
not ethically responsible, not socially responsible. We are biblically responsible investors.
That means the Word of God is our ultimate standard.
And it's true for the ones that you mentioned there
as well.

Speaker 3 (45:11):
So yeah, I would say everyone's trying their best. We
all agree we don't want funds in LGBT supporting causes abortion,
things like that. But it's not like that there's a
page in the back of your Bible that tells you
exactly how to do this. It's not like here's step one,
step two, step three of how you're going to evaluate
each and every company, especially when there might be a

(45:32):
gray area on a specific issue when it comes to
what a company is doing. So I wouldn't be surprised
that there are subtle variations in how these guys screen
each other, because you know it does come up to
a call that they have to make from time to time.

Speaker 2 (45:47):
It is Tucker it's a great question, and I really
appreciate you asking that. I think you're asking the right
questions because I sense your heart behind that question is
a genuine desire to be biblically responsible, and you're trying
to figure out how to go about that. I think
it's great. I hope this can encourage you, Tucker and
all of you as well as we close our show.
Proverbs fifteen twenty two says, without counsel plans go awry,
but in the multitude of counselors, they are established. I

(46:08):
want us to take that verse to heart. That's what
we're trying to do here. We're providing you this multitude
of counselors here when we're doing bri investing, Folks, you
need wisdom to do this well. You need wisdom in
every area of your life, by the way, but especially
when it comes to biblically responsible investing. An unwise person
is not going to do it well. You need wisdom,

(46:28):
and true wisdom only comes from God. If you have
that wisdom, if you possess that wisdom that in part
as this verse says. Proverbs fifteen twenty two says, the
multitude of counselors wisdom is established good faithful, godly counselors,
you'll get wisdom, and as such, I think you'll do
a great job. I hope that made sense, folks. Tucker
was a great question. I appreciate you asking. I appreciate

(46:49):
all of you joining us today. It was a busy show,
but an enjoyable one for me, and I hope it
was for you as well. And God William, we'll do
it again tomorrow. Until then, make sure you check out
Partner commentary, make sure to act on yesterday's self alert,
and remember everything you have the lost to the worlds
be found good and faithful stewards with all of it.
God bless.

Speaker 9 (47:09):
If we ever forget that we're one nation under God,
then we will be a nation gone under