Financial Issues - 08.28.2025

Episode Transcript

Speaker 1 (00:03):
Welcome to Financial Issues, where we join the 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 (00:22):
Good morning, folks, Welcome to Financial Issues. It's a joy
to be here with you again this morning. Sethi Dinsky,
Sam Case here with you today. We're excited to be here,
grateful for each of you. On today's show, We've got
Craig Holgard joining us, our faithful agricultural expert. He joins
me for a live AG update. Shortly, we'll answer some
of your questions. We didn't get to all of them
last time we had Craig on. We'll also take a
look at some of the biggest AG news of the day. Folks, listen,

(00:45):
If you've got questions for Craig, now is your chance
to get them in. So Craig is going to be
coming on in about fifteen minutes or so, actually less
than fifteen minutes, probably more like twelve minutes, So make
sure that you get those questions in now into the
chat in the next twelve minutes or so. And if
Craig has time, we'll make sure to answer some of
those questions for you. Again, we had some from last
time we weren't able to get to, so we'll tease

(01:06):
some of those up. But if you've got questions for Craig,
put them in the chat right now. We'd love to
get to those. Also, later in the show, Anthony hop
of smartan Ministries is going to join me. There's a
new feature at smarton Ministries that's available to members. I'm
excited to hear about it. So we'll talk about that
a little bit as well. Your comments and questions, of course, folks,
put them in the chat. We'll make sure to give
you a shout outs say hello. Also, we saw the

(01:26):
big one and video reported yesterday. We'll see how they
did and how Wall Street has reacted. It's great to
be here with you all today, Sam Raider, rock and
roll one more time. Ready to yes, sir, let's do it.

Speaker 3 (01:38):
Hey.

Speaker 2 (01:38):
You know in something folks, seriously that is not as
fun and actually a very very serious, somber note to
start our show. Yesterday, I'm sure you probably heard the
horrific news of the Minneapolis school shooting. As of right now,
I believe the latest news are saying that there were
two children that were killed and up to twenty total
victims at the Catholic Annunciation Church and school. Well, this

(02:01):
is according to local cops there. Sam, I haven't seen
any more updates. I know some of those children were
in critical condition, but as of what I've seen, as
of you know, the latest news, two of them tragically
were killed.

Speaker 4 (02:11):
Yeah, the latest update is still too dead. Seventeen wounded.

Speaker 2 (02:14):
Okay, seventeen wounded, and I think I last I saw
maybe two or three in critical condition right now, folks,
Just absolutely horrible, I mean just absolutely horrible. This is children,
These are innocent children, They're Christian children, and the middle
of prant it was in the middle of praying, they
were in the middle of a mass service. Just really,
really terrible, folks, And so I just I thought it
would be appropriate to open our show to just remind

(02:37):
you that God is near to the broken hearted and
saves those who are rushed in spirit. And despite the
fact we believe in God's sovereign hand, tragedy is still tragedy,
and it's horrible, and thankfully we have a God who
walks with us through this. Folks, Listen, there's great comfort
that I have this morning knowing and this is this
might offend some I don't really care, but knowing that

(02:58):
the shooter, who was a demonic fueled twenty two year
old man who identified as a woman. And I'm not
going to say this person's name, I'm not going to
give them the dignity of that, but a twenty two
year old man identifying as a woman is now receiving
the full fury of divine wrath. We can take comfort
in that. We should not take comfort in that in
a cavalier sense, because we understand that we also deserve

(03:20):
divine wrath, but we can take comfort in knowing that
the justice of God never sleeps, and that man is
receiving the full wrath of justice right now. Folks, listen.
LGBTQ violence, which, contrary to what the left says, is
violence perpetrated by people who identifies LGBTQ, not violence perpetrated

(03:41):
against these people. LGBTQ violence is an epidemic in our
country where these people whose minds have been taken captive
by Satan are targeting Christian children. That's what's happening. In
the last two years now, we've seen two different Christian
schools shot up by these type of people. This is

(04:02):
one of the great black marks on our nation, folks,
and we have got to get on our knees and
repent and ask for God's mercy on our nation because
this has got to stop. The issue, folks, is not
gun violence, despite what the left is going to say.
It's not gun protection laws. We don't need stricter gun laws.
We need doctors and parents and public school teachers to

(04:23):
stop criminally and demonically influencing these children to believe a
lie from Satan. That's what needs to happen. And I
believe that these adults who are doing this, they're the
ones that need to be locked up for real. This
has got to stop. So pray that the Lord would
be close to those family members of the victims today,
especially those parents who lost lost children yesterday, but also

(04:47):
those parents who are waiting in hospital rooms as their
children are fighting for their lives. May God be their
portion and comfort today. I hope we can be encouraged
by that. Folks. We hear any updates during the show,
we'll be sure to give it to you. But that's
what's happening here. Boy. We need the grace of odd
in our country, and this transgender LGBTQ nonsense has to
be eradicated. It has to stop, and by God's grace,

(05:09):
it will stop with us. Well, let's move folks to
something slightly less important. But that was dominating the financial
headlines in Video reported earnings yesterday, Sam, So we got
the chip Darling. It beat on top and bottom lines
yet again. Interestingly, Sam, it didn't seem to satisfy Wall
Street though.

Speaker 4 (05:27):
The stops never enough.

Speaker 2 (05:29):
It's so funny, it's the all powerful deities of Wall
Street just never seemed to be satisfied with whatever perfect
or near perfect offering in VideA seems to give them.
So the year over year revenue for Nvidia. Interestingly enough,
it's exceeded fifty percent for nine straight quarters. This is
dating back to mid twenty twenty three. That was back

(05:49):
when back in May twenty twenty three, that was the
generative AI boom started to show up in Video's results. Now,
it should be noted the second quarter marked in Video's
slowest period of growth during stretch. So, Sam, maybe that's
what it was. Maybe the markets had some real high expectations.
They're just always expecting in Vidia to perform, perform, perform,
and when in video only just performed moderately well instead

(06:09):
of amazingly well, the markets were disappointed.

Speaker 4 (06:12):
Yeah, expectation is way too high. Yeah, I was wondering
that there was actually conversations about this in the news
going into these earnings, saying our expectations too high, that
anything less than exceedingly stellar is going to be a disappointment.

Speaker 2 (06:25):
Absolutely, absolutely, Sam tell us a little bit about the
data center business that Nvidia has been having here.

Speaker 4 (06:33):
Yeah, I just want to explain a little bit. Why
is it disappointing that the growth was not fueled by
data centers. Well, the data center business at Invidia, that's
been the main thing responsible for the overwhelming majority of
the company's revenue since the AI boom a couple of
years ago. So what was this quarter? This quarter, they
still did quite well, but this time it was fueled

(06:53):
by their gaming division, which was actually in Vidia's bread
and butter for several decades, long before AI came on
the scene. Although it should be noted that in Nvidia
said that sales growth this quarter will remain above fifty percent,
so that probably means this morning's mild sell off is
nothing more than a knee jerk.

Speaker 2 (07:10):
Reaction makes sense. And of course we wouldn't expect knee
jerk reactions in the markets.

Speaker 1 (07:14):
Would we.

Speaker 3 (07:15):
No?

Speaker 2 (07:16):
Never? Right, That's called sarcasm, folks. We see knee jerk
reactions every single day in the markets. Keep in mind, now, Sam,
it's looking like market concerns likely going to shift to
Friday's PCE report. Will keep an eye on that for
you tomorrow.

Speaker 3 (07:29):
Yep.

Speaker 4 (07:29):
Even if these earnings were absolutely stellar through the roof
amazing gonzo nuts, the market will still shift their concern
immediately fed something to the inflation report coming out tomorrow.
Proverbial wet blankets of Wall Street. Well, Sam, speaking of
in Vidia, it appears I think it's some good news
that the US will not take steak in in video.

Speaker 2 (07:48):
Can you tell us about this?

Speaker 4 (07:49):
That's what Treasury Secretary Scott Besson said yesterday, shooting down
the idea of the US government taking a steak in
in Nvidia after taking a ten percent steak in Intel
or earlier this week here is vestn't sharing that news
on Fox Business? Are you considering taking stakes in further
semiconductor companies? I mean, would the president consider taking a

(08:10):
stake in video.

Speaker 5 (08:13):
Well, Maria, I don't think in Nvidia needs financial support,
so you know, that seems not on the table right now.
But could there be other industries where that we're reshaping,
something like shipbuilding that sure, there could be things like that,

(08:38):
and these are critical industries.

Speaker 4 (08:41):
So you hear best kind of leaving the door open
for future investments there. In fact, earlier this week, Commerce
Secretary Howard Lutnik he said the government's actually eyeing major
defense contractors for acquisitions, such as Lockheed Martin.

Speaker 6 (08:54):
Oh, there's a monstrous discussion about defense. I mean, Lockheed
Martin makes nice in the seven percent of their revenue
from the US government. They are basically an arm of
the US government. They make exquisite munitions, I mean, amazing
things that can knock a missile out of the air

(09:15):
when it's coming towards you.

Speaker 2 (09:17):
But what's the economics of that?

Speaker 6 (09:18):
I'm going to leave that to my Secretary of Defense
and the Deputy Secretary of Defense.

Speaker 4 (09:24):
So more purchases on the table, sets what do you think?

Speaker 3 (09:27):
You know?

Speaker 2 (09:27):
Well, right off the bat, Sam, I'm glad to see
that in Nvidia at least won't become subsidized yet. I
guess it remains to be seen. But I'll tell you,
hearing what Besson said, I'm very concerned with one thing
he said, Sam, And here's what it was. The reason
that the US is not taking a stake in Vidia
is apparently because they don't need financial support. So, if
I'm getting this right, the reason that Intel got the

(09:49):
boost is because they needed financial support. How is that
not a government bailout. That's a government bail that's a
bailout repurposed as a stock pose, as a stock purchase
from the US s government.

Speaker 4 (10:00):
And it comes to the US government put stock, yeah,
in a failing company. That's not It's a good thing
at all.

Speaker 2 (10:06):
Not a good thing at all. Folks. Listen. I am
all for the United States doing things to improve itself.
I'm in favor of my country improving. I'm in favor
of ballstering defense. But there's got to be a better
way than taking stock in these publicly traded companies, right,
I mean there are a lot. I don't know if
you know this, the elites, I want to know this,
but our country has as a high tax revenue, you

(10:28):
could you could probably spend some of that money on
defense spending yourself. Maybe ballsting the military, training soldiers, improving weapons,
getting rid of the DEI stuff in the military. Who
to thunk, you know, maybe getting rid of the vaccine mandates.
Things like that, Boy, folks, that's what we need here
in free market capitalism needs to be able to work
apart from the shackles of the US government. Interesting stuff. Nonetheless,

(10:50):
Craig Howgard comes up with me on the other side
of this break. Make sure to get your questions in
for Craig. We'll be right back after this. Welcome back, folks,
financial issues. Happy to be here with you all. Sepiginski,

(11:12):
Samuel Case here Thursday, August twenty eighth. Appreciate each of
you joining us today. I hope you'll say hello there
in the chat folks. As we're moving right along, trucking
along here. I'm gonna do a little chat run down
here while we're hanging out here today. Good to see
Dave and Darlene from Mechanicsville, Virginia sixty five and Sonny.
I love to hear that James in South Carolina. James,

(11:34):
it sounds like it was a little chili down there
where you were. It was a little chilly for me.

Speaker 4 (11:37):
As well.

Speaker 2 (11:38):
Brian and Kara in Illinois. Good to see you, guys.
I see your question for Craig. We'll try to get
that if we have time. Uncle John. Appreciate your encouraging words.

Speaker 4 (11:45):
Brother.

Speaker 2 (11:46):
It is the demonic nonsense of transgenderism. It's not just
nonsense either, brother, It's just purely evil. It's purely evil,
and it's targeting children. It is fascinating that these transgender
shooters will target children. They don't go to places where
adults hang out. They'll go to schools because they want
to take out children. And I do believe that part

(12:08):
of that is because the demonic doctrine that's driving this
is one that hates the image of God and particularly
hates children. Why do you think abortion runs rampant in
this country. It's because these demons hate children, and so
when they are are driving people to do horrible things
like this, and only makes sense the children are their targets,
especially Christian children. Just a reminder we need to pray
against this stuff.

Speaker 4 (12:29):
George.

Speaker 2 (12:30):
Good to see you. I see your question there in
the chat as well, and with some common sense truth
bomb there and I love that. It's great stuff there.
It is it's always a joy here folks to see
so many of you on the chat and to hear
your comments. So it looks like we got Craig Hawgard
with us. So we're gonna transition here a little bit. Craig,
can you hear me, buddy? Absolutely, I'm doing great, brother,

(12:55):
Excited to have you on here. We're gonna have some fun.
Craig Haggard our financial list whose agg Reporter. Folks, Hey,
if you want to listen to the AG Report every day,
can catch it at a little bit of a different
time during the show. But Craig, I always look forward
to these times we have on the air where we
get to talk live back and forth, because when Craig
comes on the show, folks, the brilliance meter just skyrockets,
as well as the handsome meter. So, Craig, you've doubly

(13:15):
blessed us, brother.

Speaker 3 (13:17):
Well, that's true. You know I am more than this
pretty face.

Speaker 2 (13:21):
That's right there, you go, brother, that's awesome. Well, Craig,
let's let's kick it off here, buddy. So last week
I saw an interesting report sham At Sared shared with
me from Florida. There is apparently a fear growing among
farmers that the Trump administration's efforts to deport illegal immigrants,
which I think both of us would support these heavily.
By the way, might also have some unintended consequences that

(13:43):
could harm the farming industry. And of course this is
based on the assumption that many farm hands are illegal immigrants. Craig,
let me ask you this question, what do you make
of this? How much of the farming industry is dependent
upon illegal immigrant labor? And would this mass deportation have
a negative imp act?

Speaker 3 (14:01):
Well, I find this whole thing really interesting. If you'll recall,
in our history, we once fought a civil war and
part of it was that we just couldn't grow cotton
if we didn't have slaves, right, And now the same
party that was on the wrong side of that tends
to be on the wrong side of this is what
we can't grow.

Speaker 2 (14:22):
How funny is that we.

Speaker 3 (14:23):
Don't have their legal immigrant Yeah, exactly. I find the
whole question kind of offensive, to be honest with you.
But beyond that, the government thought of this decades ago.
There's a program called out there called the H two
a v sum that allows US employers, including farmers, to

(14:45):
bring in foreign workers for temporary agricultural work, and that
certainly applies to things like harvesting the crop, and it
also applies to spring labor when you're planting that crop.
I used to work in South Dako to where at
harvest time, at least at the end of the business
I was with, it gets to be extremely busy and

(15:07):
some of those small rural talents you just couldn't find
employees to do that work. And so we went through
this program and whatever year higher quite a large number
of temporary workers. We start out generally getting people from
South Africa, but ended up with them from really all
over Eastern Europe and around the world frankly that would

(15:30):
come in and fill those roles that we needed filled
at those seasonal times of the year where there was
a labor shortage. Certainly, the folks in Florida and throughout
the United States involved in agriculture are aware of this
program and I expect to utilize that. It's a pretty
commonly used used program. So to say that there's not

(15:53):
a plan to address that is is not accurate. And
in fact, I think it's just a a political tool,
and they're sure the people that are pushing narrative are
banking on the fact that the citizens don't really know
that there is a planet plays to deal with that.
It's been in places for decades. So you said belong

(16:13):
with it? Maybe kind of a non answer, But I
don't see it as an issue. As far as what
percentage are you illegal, I don't know those numbers, so sure,
but sure, I suspect it's probably a significant Yeah, there
are certainly legal work aroused to address it.

Speaker 2 (16:29):
Yep. Certainly is great to hear though that the US
government does have a plan in place for that. And Craig,
I glad you brought that up, because we can't be
surprised to hear these types of talking points from the
left saying things you hit it on the head, who's
going to pick our cotton? Who's going to do this stuff?
Back in the eighteen fifties, it was the slaves, and
now it's the illegal immigrants. They're using the same thing.

(16:50):
I completely agree we have to be on guard against
that politicizing of an issue. So yeah, well, Craig, let's
switch gears here just a moment and talk about tariffs
for just a minute here. How have I know there's
something you've been keeping an eye on and I've asked
you about this before, but it's been a while since
I've asked you. So, how have the tariffs made an
impact on agriculture in the US, for better or worse?

(17:10):
And how do you expect they might continue to do so?

Speaker 3 (17:14):
You know, I think that being human nature, I tend
to focus on the negatives, right, which is so that's
probably what you're gonna hear from you today. And I
preface that by saying, I fully support what President Trump
is trying to do, but we understand that when you're
trying to fix the problem, there's sometimes some some pain

(17:36):
that's involved with that process. So as I look at
it from a from a grain exporting and celles standpoint,
the biggest impact has been on soybeans and UH and
that is our relationship with china'm historically about. I believe
it's playing one out of every three bushels of beans
that raised the United States gets exported to China historically.

(17:59):
And you know, we're heading into a new crop harvest
now and so far China spought absolutely zero beans from
US for new crops, so a huge change from what
we've seen in the past. They're very strategically trying to
put some heat on President Trump. As you know, farm
states have voted almost exclusively Republican. It's very strong Trump country,

(18:23):
and I think China seeing this is a way to
drive a wedge between the farm community and the president.
The president came out last week. Late last week, I
acknowledged that there's there's some financial damage that's being done
to farms as a result of this, and it's putting
a plan in place to replace some of the lost

(18:43):
income that there were farmers are experienced as the result
of the low prices and lack of lack of access
to the Chinese market. And that's what he did in
his first term as well, when he put that tariff
in place. So I think from from my end of
the of the business, that'srobably been the biggest impact. But
as we look at another impact would be what we're

(19:06):
seeing with tariffs on incoming goods, and that that's really
is looking at the inputs of agricultural inputs and the
impact there. Historically there's been very few to no inputs
on fertilizer and that is now jumped up. We're seeing

(19:29):
inputs on that and then herbicides and exicides, pesticides that
we use in farming had about a six percent tariff
before these actions, and that's now up to around the
twenty to twenty five percent. So as we look at
the cost of growing goods, that's going to see is
seeing an increase in the cost of producing a cropt

(19:51):
simply because of the tariffs. But I think over time
that's going to shake out as well. But right now
that's that's probably the pin points that we're seeing in agriculture.

Speaker 2 (20:02):
Sure, Craig, this is a related issue, by the way,
folks talking to Craig Howgard our financial issues agg reporter,
So Craig, I saw some rather what seemed to be
concerning news, but again I'm just looking at this from
outsider perspective. It appears China is now moving away from
the US and purchasing of soybeans. What do you know
of this and is this a concern?

Speaker 3 (20:21):
Well, it is a concern they have, as you guys
probably know or maybe don't know. But Brazil a few
years ago has replaced the United States as the number
one producer of soybeans, and their infrastructure has been getting
better as well. It used to be that they did
not have the storage capacity to really carry those beans

(20:42):
so they were a big player at harvest time, but
then we saw the export market shift back United States.
Their infrastructure is such out they're able to carry those
beans longer and really kind of cut into that year
roleid bean market that we used to have more of it.
We've seen China buying so i beans for October novembership

(21:05):
and now, which is really in the heart of our
harvest use, the time period that we dominate, so that
is it's certainly going to have an impact on so
I beeing prices here in the United States. Now, one
of the results of that is we're seeing the spread
between futures months increase. That's called carry in the market.

(21:26):
Without getting too deeply into this thing, when there's a
large supply in the world that that needs to be
carried or held until people need it, the market tends
to build in what's called a carry in the market,
basically rewarding people for storing it. And that's really how
Corsia elevators like myself make money is capturing that carry.

(21:50):
So when I buy grain from a farmer, I immediately
sell it in the futures market, but then I keep
rolling it forward to pick up the carry and then
hopefully some basis of appreciation as well. Now farmers can
do the same thing with the bins on their farm,
but they need to set the futures price first. If
they just keep hanging on to it, let them move forward,

(22:11):
you'll see the futures price evaporate. But if you have
a price story locked in and can roll it forward
to capture carry, there's gonna be some really good opportunities.
Right now we're seeing on wheat, for example, but eighty
five sets of bushel that you can pick up for
the year just by holding on to it. And so
there's some strategy things that I think farmer's going to

(22:33):
have to become a little more on top of in
the years moving forward from a money management standpoint. But
I guess that was a long winded answer. And then yes,
it's having a negative impact immediately, but there's also some
business opportunities because someone is going to get paid to
hang onto the crop, and if we do that, that

(22:55):
can be unst Craig.

Speaker 2 (22:57):
I appreciate it so much. Brother, Hey quickly here we're
coming to the end, But give us an update on
your health, brother, How things going. I know it's it's
it's been a journey for you. But things have been
looking up recently. How can we continue to pray for you?

Speaker 3 (23:08):
Yeah, it has, but it's been pretty amazing. And you know,
we actually are starting to enter a couple of races again.
I did something really stupid, sad, and we haven't We've
done some half marathontas the last three years. But yeah,
I want to head enter this Sydney original uh pothon
and has this grease here for uh November. So just

(23:32):
be praying that our training goes well.

Speaker 4 (23:34):
We'll do it good.

Speaker 3 (23:36):
But absolutely, yeah, we're gonna try and getting game quick
and do funny big commiler and we'll make.

Speaker 1 (23:41):
Sure it's you.

Speaker 3 (23:42):
Craig.

Speaker 2 (23:42):
Absolutely, brother, I'm always impressed. I don't know how you
do it. I don't think I've ever run a whole
marathon of my life before it. Meanwhile, you're out there
doing this stuff. Appreciate you Craig so much.

Speaker 4 (23:50):
Folks. You have to leave us.

Speaker 2 (23:51):
Hope you have a great rest of the day. More
financial issues coming up though right after this stick with us.
Welcome back to financial issues, folks. Hey, listen, I'm doing
something right now that I meant to do before the
show started. But if you watch financial issues on a

(24:12):
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(24:34):
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It's a great way for us to get to get
that word out organically. So wonderful to be here with
you all today. Hey, I have another special guest on

(24:54):
the program with me. I've got Anthony hop Anthony is
the Chief Purpose Officer at Samaritan Ministries. We love our
friends at Samaritan Ministries. They're in the business of providing affordable,
biblical health sharing for Christians. This is not healthcare, this
is not big healthcare. It's health sharing. It's book of
acts health sharing, and I'm so honored to be a
part of it. Anthony, Welcome to the show, brother, thanks

(25:15):
for coming on with me.

Speaker 7 (25:16):
Good morning, Seth.

Speaker 4 (25:17):
Good to be with you.

Speaker 2 (25:18):
Yeah, it's great to have you.

Speaker 1 (25:19):
Man.

Speaker 2 (25:19):
Hey, what I'd like to do here, Anthony, is have
you tell us about a new kind of ministry initiative
that you guys are doing over at Smart and it's
called Redeem. I believe you guys launched this last month.
Can you tell us about this, Anthony? What is it?

Speaker 7 (25:32):
Yeah, Redeem health Share is really Samaritan Ministry's next generation
of healthcare sharing and it is built on over thirty
years of healthcare sharing experience. So we did a bunch
of market research just to understand deeply the needs and
desires and expectations of our members and perspective members. And

(25:54):
over the last year plus, we've had some teams diligently
working on forming Redeem and we were really excited to
launch that last week in Dallas.

Speaker 2 (26:05):
That's awesome. So tell us this, Anthony. How is Samaritan
Ministries using Redeem to push forward that mission and vision?

Speaker 7 (26:14):
Well, yeah, that's a really good point, Seth. We see
the launch of Redeem health Share is really creating an
environment to expand Kingdom impact, to be able to do
more ministry. Our mission all along has been to redeem
healthcare by helping the Body of Christ love one another

(26:36):
through sharing one another's healthcare burdens, and the launch of
Redeem health Share enables us just to do that more,
leveraging technology and being able to offer programs that really
fit the needs and desires of members and Perspective members.

(26:56):
So it's always been about the mission, and so we're
taking the thirty years of experience and the learning and
then using that in order to launch Redeem, which has
programs that we believe both our members and Perspective members
are going to love.

Speaker 2 (27:13):
And so, Anthony, what is it exactly? You mentioned technology?
Is Redeemed going to be in an app format? Is
it digitized? How can smartan members and I know we
have many in our audience myself included, how do we
get access to it?

Speaker 7 (27:25):
Yes, we're working on the app that's not ready yet,
but it is a fully digital experience we want. We
were so excited to get this out and so we
did so, even not having the app completely ready to go.

Speaker 2 (27:42):
I think I might have lost help there you are, Anthony. Sorry,
I think I lost there for just a second. Sorry,
go ahead, okay, sure, Yeah. The digital environment SETH enables
us to.

Speaker 7 (27:52):
We'll take care of the transactional end of course, like
from moving money from member to member, but it's so
far beyond that because, as our mission indicates, it's all
about ministry, kingdom impact. So the technology enables us in
real time to be supporting each other, to pray for
each other, to encourage one another. So there is this

(28:15):
profound sense, even more than before with our previous programs,
that I'm not alone in my medical need, that I've
got other people around me supporting me. And of course
the technology aspect, just when it comes to it working
submitting my medical needs being able to take care of payment.
I was one of the guinea pigs on the program

(28:38):
when we first started beta testing this a year ago.
So I went through the process, submitted my medical need,
and I knew what to expect in theory, but then
when I actually submitted my medical need, I was so
pleasantly surprised at how incredibly easy it was. So I
think members are going to love the intuitive ease of
being able to take care of their medical bills. And

(29:01):
then they're going to be so blessed when they're able
to experience the community through leveraging that technology, of us
being able to minister to one another.

Speaker 2 (29:11):
And so, Anthony, this is maybe a specific question for you,
but I know, you know, traditionally for Smaritan members, you
have the you know, you submit the bill online and
then you start receiving the checks to be able to
pay for that bill. Will that all be digitized now
where you can do all of that online, It's maybe
a little more streamlined. Is that kind of what I'm hearing?

Speaker 7 (29:29):
Yeah, it's all streamlined. Instead of leveraging PayPal the way
that we have with our legacy programs, this will be
completely a Samaritan. Everything is self contained in the Samaritan
Ministry's ECO system and so yeah, everything will be streamlined
and all of those details can be found at redeem

(29:51):
HealthShare dot org. But you'res exactly right.

Speaker 2 (29:53):
Awesome Redeem Health Shared dot org. Anthony, that's great. My
last question for you on this for current members, what
can we expect? Will there be an update, an email update?
Will we be automatically like gifted into this. How will
how will all of you know all of that work?
Is there a link that we sign up for it?

Speaker 4 (30:11):
Yes, right now.

Speaker 7 (30:13):
We've already announced this to Samaritan members and it wasn't
a great big fanfare. We let them know that it
was happening because there are still some aspects that Samaritan
members will probably want and expect. Specifically, Sure, it's kind
of technical seth, but we have something called an i

(30:33):
u A or an individual or unshared amount, an initial
unshared amount, and this is the amount that members pay
before the medical need to share. Well, now with the
the launch of Verdeem, we have an au A that's
an annualized amount, more similar to what people expect in

(30:54):
the marketplace with a deductible, but it's not what Samaritan
members expect. So because we don't have the IUA ready,
we're working with an AUA, an annualized amount, and that's
different for Samaritan members. We want to really get that
IUA in place for Samaritan members since that's what they're
used to, that's what they like. That doesn't mean that

(31:14):
Samaritan members can't join now, they absolutely can. You can
go to redeem health Share and do that. To your question,
will they automatically be enrolled in that, Absolutely not. They
can choose and over the next months we'll be giving
more information to Samaritan members. Sure ask how they can
do that, but again we're trying to get some other
elements of those programs ready to go before we really

(31:38):
before we really tell Samaritan members about it.

Speaker 2 (31:41):
Anthony, that's wonderful news man. We're really excited for you.
Thank you for being on the front lines of this
and for me personally. I just want to thank you
so much. Samaritan has been such a blessing to me.
I've now been a member with Samaritan since I started
here at FISM, so I've been on for almost five
almost five years now. It's been such a blessing. I've
had two had had two children, I've had two births
on Samaritan. We've had hospital visits, surgeries and getting the

(32:06):
encouragement and support every step of the way, not to
mention the affordability of getting it completely covered other than
that first initial unsharable amount, as you said, it's really amazing.
It's just such a gift, brother, so thank you so
much for that.

Speaker 7 (32:18):
It's amazing our pleasure, Seth. We appreciate your guys's support. Absolutely,
we're just excited about going forward.

Speaker 2 (32:25):
That's great, man. Hey, quickly here, Anthony, before we sign off,
how can the listeners of financial issues continue to pray
for the work that s Merit Ministries does.

Speaker 7 (32:33):
Pray that the right people here about redeem You know,
it's not about just getting new members. It's about proliferating
our mission. And that's done by more and more Jesus
followers learning about this and then deciding, yeah, this is
exactly how I wanted to practice my faith and it
addresses so many gaps in this broken, miserable healthcare system

(32:53):
that we have that we just want to see more
and more followers of Jesus learn about it and join us.

Speaker 2 (33:00):
Wonderful stuff, Brother, tell us at link one more time, Anthony.

Speaker 7 (33:03):
Yeah, Redeem HealthShare dot org. And also by just going
to Samaritanministries dot org for our existing members, they can
get there too, but there's a whole separate site, Redeem
HealthShare dot org.

Speaker 2 (33:15):
Awesome, Redeem HealthShare dot org. Anthony, it's a pleasure speaking
with you as always, brother, Thanks so much for joining
me on the show.

Speaker 7 (33:21):
Thanks Seth, appreciate you, absolutely.

Speaker 2 (33:23):
God blessed folks.

Speaker 3 (33:23):
Again.

Speaker 2 (33:23):
That's Anthony hob Chief Purpose Officer, Samaritan Ministries Redeem HealthShare
dot org or members. You can check it out at
Samaritanministries dot org. Hey, let's quickly, folks, take a look
at what the markets are doing before we take a
quick segment break. There wasn't much movement yesterday from the
major indices as investors awaited with baited breath what treasures
in videas earnings call would bring. Well, apparently they didn't

(33:45):
really bring much treasures sam because the markets weren't too pleased. Nonetheless,
by midday, indicies were slightly positive, same with late afternoon.
They finished pretty well yesterday. The Dow was up about
a third, the SMP about a quarter, NASDAK up about
a fifth. Pre markets this morning were kind of muted.
They weren't really sure what to think. It kind of
seems like the Nasdaq has found its equilibrium and is realizing.
Oh and Vidia actually did okay, So the Nasdaq is

(34:08):
positive right now. It's about a third of a percent up.
The S and B five hundred is just above the
flat line, and the dal Jones is just below the
flat line as we sit this morning. So that's what
we're looking like, folks. Let's see the ten years.

Speaker 4 (34:20):
Look at video right now. It looks like they've pretty
much recovered from that dip.

Speaker 2 (34:24):
Esteems like it seems like it. So I think maybe
Wall Street is just waking up and realizing, oh, actually, yeah,
a good earnings A good earnings report is good news.
So good earnings is good. Yeah, exactly right. Tenure treasury
yield right around four and a quarter percent. Meanwhile, oil
is sitting at sixty three dollars and eighty three cents
a barrel as we speak, at least that's what my

(34:45):
screen is showing me before it refreshes. So yeah, right
around that sixty three eighty mark for oil. All right, folks.
Coming on the other side of this break, we'll get
some more financial issues. We'll address some of you on
the chat. We've got some good comments of the last
couple days, so we'll talk about some of these. Also,
we'll look at what's going on in the larger world
as it comes to tariffs in the EU as well
as India, That and much more on the other side

(35:07):
of this break. We'll be right back after this.

Speaker 8 (35:28):
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 (35:45):
Welcome back, folks, to be here with you. We're having
some fun here on financial issues. Let's do a little
chat comments here. Yesterday we got a great one, Sam.
What was Claude saying in Louisiana?

Speaker 4 (35:57):
Start Claude agrees with us that property tax is no
good saying, how about no property taxes for people over
the age of sixty five?

Speaker 2 (36:06):
Amen? Claude, Yeah, I think this This was in reference.
Yesterday we were talking with Mark and it was during
the question that we asked him about you know, should
you pay down your house with the investments that you
have or should you just keep investing. And one of
the really good points Mark made yesterday, Sam, is just
something to consider is that even if you pay off
your house, you still got to pay stuff for you You
still care. You're renting from the government, renting from the government.

(36:26):
That's exactly right. I hate it, you hate it, we
all hate it, but that's just the way it is. Unfortunately,
But amen, Claude, I agree with you. Property taxes are
legalized thievery from your benevolent statist overlords. I well, at
least they're benevolent. Yes, at least they're benevolent. At least
they care for you. Because we don't. We don't have
the wherewithal or the ability to care for ourselves or

(36:46):
to make something for ourselves. We need the government.

Speaker 9 (36:48):
I mean, come on, look at you, so ridiculous, ridiculous.
I know, yeah, boy, maybe that's actually why I got married,
is because I need all the help I could get it.
But no, listen, Claude, I agree with you. I personally
would be in favor of no property taxes for anyone.
But let's start with sixty five and over.

Speaker 2 (37:04):
Amen. We can get that and then get the ball
roll in there. That would be awesome. Here's what we need, though, unfortunately,
and I don't know if we're gonna get this, we
need politicians with some level of backbone. They need a backbone,
spineless weasels. We got too many of them in the
Capitol Hill today on Washington, d C. We need politicians
that will make a decision to actually benefit the American

(37:27):
people and not line their own pockets. Property taxes means
more revenue for the government. More revenue for the government,
which means they get paid, they have jobs. Sam. One
of the craziest things that I've been thinking about lately
is how in the world do all of these government
officials when they enter into politics, all of a sudden,
three four years go by and their net worth is
up in like the thirty millions.

Speaker 4 (37:48):
Well, that's the big question, right, and it's one that
Josh Holly is trying to answer with his whole no
stock buying bill.

Speaker 2 (37:54):
Yeah, and you know, I know that that's a slightly
off topic thing here, but I do think it says
some to this question of property taxes and what we
need from the government is we need politicians who are
able to keep themselves in check and they understand if
I get too much power, that's bad. I actually so
this is me speaking as if I'm as as if

(38:15):
I'm a politician, I need to be able to say
my power needs to be very limited, because if I
have too much power, I will screw it up. And
I do think property taxes is kind of an outworking
of that.

Speaker 4 (38:26):
Of course, this also shows the importance of not just
federal governments, but also state and local governments, because that's
where this is really start. Federal government's not involved in.

Speaker 2 (38:34):
This, absolutely absolutely, And here's the reality, Sam. You know,
the likelihood of elected officials willing to give up anything
that the government has gained is about as likely as
the sun rising at night. Well, we got a.

Speaker 4 (38:45):
Comment about this the other day with US balking about
the US government purchasing Intel, and they said, well, they're
just going to sell it. It's going to be a
sort of damocles over Intel's heads, saying well, you better
shape up as a company or we're going to sell you.
And I'm looking at that thing thinking there's no way
the government's ever going to let anything go, even if
it's just a sinking ship. They're not gonna let it go.

Speaker 2 (39:07):
Absolutely. One of one of my favorite things to do
Sam right now is, you know, Knox is at the
stage where he's looking around, he's able to like make
eye contact and you know there's even some nonverbal communication
going on there. But one of my favorite things he
does is when he grabs my finger. His grip is
a death grip. He does not let go.

Speaker 4 (39:24):
It's one of the most fun things to do with.

Speaker 9 (39:26):
It's so funny that boy's got a strong grip.

Speaker 2 (39:29):
He's gonna be doing pull ups pretty soon. That's kind
of what the government is though. Whenever it grabs onto something,
it will not let go. Won't let go, it will
only grab it tighter. That's the truth of it, Sam. Yeah,
I remember that that comment that we got.

Speaker 4 (39:41):
The baby grip of the government.

Speaker 2 (39:42):
That's exactly right, the strong iron baby grip. Listen, folks,
I love the optimism of saying, well, you know, the
US government will just sell it out of profit. They're
not gonna sell it. They grabbed control of something. You
kidding me? What if they ever let control, let go
of control of something that they've grabbed onto. I can't
think of a time, Sam, I really can't. What I
can think of is times that they've grabbed onto something

(40:03):
and then continued to make it more and more centralized,
you know, And it's oftentimes that the burden of the taxpayer,
we that have to pay more and more taxes for
this stuff. Centralized schooling, centralized healthcare, centralized social security, centralized
all that other stuff, including property taxes. So yeah, it
is unfortunate, Claude. I'm with you, though, brother, Let's get
it started. How about no property taxes over sixty five?

(40:25):
Start there and then see if we can get it
down to over fifty five forty five, thirty five and
eventually no one is paying property taxes. I would love that.
What else we have there, Sam and I? We have
one from George in North Carolina. What's George? Sam?

Speaker 4 (40:37):
Yeah, George is talking about Cracker Barrel renegging on their
whole logo, but he says that his fear is that
the wokeism just disappears from the surface in companies like
Cracker Barrel and continues where it counts in the internal
workings of the company. He says, I'm really referring to
the government, colleges, business is military, et cetera. We need
to keep up the fight, but it's deeply entrenched.

Speaker 2 (40:58):
It is deeply entrenched, Jeored, I agree, and that's why
we need to keep up the fight. You got to
keep the pedal to the medal.

Speaker 4 (41:03):
Georgia.

Speaker 2 (41:03):
I want you to be encouraged here because I'm with
you one hundred percent. But this is my greatest fear.
I really think, you know, I think Sam, with the
Trump administration in general, is is this just going to
be a four year reprieve, and then we're going to
go back to the nonsense that we saw in the
four years under Biden and in the eight years under
Biden's puppet master Obama. I hope and pray that it's

(41:25):
not going to be that. But what it's going to take, folks,
is for us to keep the pedal to the metal
and really see some serious change. Now. The encouraging thing
I wanted to get to here, George, for you is
the fighting back that we've been seeing did not begin
in twenty twenty five. There's no way beyond twenty twenty five.
Probably began more like twenty twenty three. When people started
to wake up. Was right around you could even make

(41:46):
an argument. It was twenty twenty two. People started to
realize all the nonsense, all the smoke and mirrors that
they had with the COVID lockdowns and with the gay
stuff and with all that other stuff. They started to realize,
this stuff makes no sense, and it's evil and vile,
and we need to change it. So it happened during
what what we would call really a truly vile administration.

(42:06):
So the resistance can happen even during wicked administration.

Speaker 4 (42:11):
So we know this is the case because Donald Trump's
now president. Yes, it's not like Donald Trump was elected
president and then the support that's what happened got Donald Trump.

Speaker 2 (42:20):
That's exactly right. And of course there were a lot
of things that happened along the way, providential things. How
about the how about God moving the bullet pretty pretty providential, uh,
and you know other things like that. But yeah, George, listen,
it's well said, brother. We got to keep the fight going, folks.
That's part of why what we do here at financial
issues is so important because money talks, and money, you know,

(42:41):
the impact of money goes so deep where you invest
and how you invest goes so deep. We just finished
the petition with Tesla. We got hundreds and hundreds of
signatures on that. That's the kind of work that needs
to be done where now we're praying that it gets
to the right people, that Elon Musk sees it, and
that we see real change in a company that big.
Tesla's one of the Magnificent seven. Folks. If Tesla were

(43:03):
to change like that, it would it would really it
would really mean a lot for our movement. It would,
it would really do well, that's why we're doing this stuff.
That's why it's so important how you invest as well,
said George. I love that. Some comments from today here
Mark saying I love the idea of real estate tax
going away at age sixty five. Would this include all
real estate owned? Mark? I would think so absolutely, rental properties,

(43:24):
if you've got business properties, I think that would be
wonderful because once again real estate, you know, property tax
legalized thievery. I correcting, that's Sam think I already.

Speaker 4 (43:34):
Paid the tax. He's paid the tax when you bought it,
paid the tax you bought it. Why you're getting taxed more?

Speaker 2 (43:38):
You're paying you're paying rent to your governing overlords.

Speaker 4 (43:41):
Couch. You pay the tax, right, you don't just keep
paying a tax every month or every year to keep
the couch exactly right.

Speaker 2 (43:47):
So that's why I love to see what Ron DeSantis
is trying to do in Florida. Uh and boy, you
can imagine if if he's able to get some kind
of decrease or complete disappearance of property tax, there's going
to be a lot of wealthy folks in New York City.
You're going to be eyeing up.

Speaker 4 (44:03):
Florida, especially happening right with Mom Donnie.

Speaker 2 (44:06):
Yep, exactly right.

Speaker 4 (44:07):
So the love I'd be a realator down in Florida
right now, absolutly awesome.

Speaker 2 (44:11):
Absolutely, Sam, Let's talk about this real quickly.

Speaker 1 (44:13):
Here.

Speaker 2 (44:13):
The EU is working to scrap some tariffs that could
mean a lot of different things. Makes some sense for
us here, Sam, what does this mean?

Speaker 1 (44:19):
Right?

Speaker 4 (44:19):
So what they're doing right now is sort of fast
tracking legislation to end tariffs on American industrial goods. This
is being done in an effort to keep European cars
still flowing into the United States, as Trump is promising
to lower those tariffs on cars on the condition that
the EU scraps those tariffs. Currently, European cars face a
twenty seven point five percent tariff that could fall to

(44:42):
just fifteen percent if the EU does comply with Trump's demands. Here. However, though, Seth,
this might not be the end of the conversation, as
Trump recently also threatened new tariffs against countries that impose
online service taxes, measures that primarily impact US tech firms
such as Google and Amazon on and one of those
countries or the block of countries that has one of

(45:03):
these taxes is, of course our friends in the EU.

Speaker 2 (45:07):
So The power play continues here, Sam, doesn't it. It
seems like and I like what I see here. It
seems like the United States is appropriately trying to bully
the EU. AM. I correcting that, Sam, that we're trying
to get deals done.

Speaker 4 (45:20):
Healthy bullying.

Speaker 2 (45:21):
Healthy bullying never hurt anyone, especially when it's against the
worthless globalist, pseudo socialist, demonic conglomerate across the pond known
as the EU, once a bastion of Christendom, sadly no more.
Last time I checked, Sam, we fought and won a
war two hundred and fifty years ago, so we don't
have to concern ourselves with what goes on in Europe.

Speaker 4 (45:39):
Yeah, so we can bully them.

Speaker 2 (45:40):
That's right, exactly right. So good stuff to see there.
Quickly here, Sam, we're also seeing India got slapped with
a fifty percent tariffy.

Speaker 4 (45:47):
Yeah, this is something Trump's been threatening to do up
those tariffs on India for buying Russian oil. As Trump's
trying to bring an end to the war between Russia
and Ukraine, and energy purchases are fueling Russia's war machine.
One of those purchasers is India. Trump has now imposed
a fifty percent tariff on India as a result, although
questions still remain is this going to be effective? As

(46:07):
last week both Russia and in and India excuse me,
agreed to expand their trade ties, with India's foreign minister
saying the two nations have among quote the steadiest of
the major relationships in the world after the Second World
War as of right now.

Speaker 2 (46:23):
Good stuff, Sam, It's necessary for sure. And now what
we need to happen is those other nations that are
coosing up with Russia and their trade relations. Am Turkey.
We got to see that happen in there as well.
We've got some tariffs on them. Great stuff, Sam, I
appreciate you bringing that up to us so much. Brother, folks.
Remember everything you have belongs to the Lord wants you
to be found good in faithful Stewart's folks. That's why

(46:44):
we're here, to be found good in faithful Stewards. We
do have Bible slay tomorrow morning. I hope you'll join
us six thirty Eastern time, five thirty Central. You can
find the login information on financial issues dot org resources tab.
Great to be here with you all, folks. It's all
his Let's be getting faithful stewards seas time.

Speaker 1 (47:08):
If we ever forget that we're one nation under God,
then we will be a nation gone under Thank you
for joining us. This has been an FISM production.