[00:00:04] Broadcasting live from atop the Rocky Mountains, the crossroads of the West. You are listening to the Liberty Roundtable Radio Talk Show. Fraud everywhere, honest money, inflation hits three-year high, and everybody's worried about AI. Happy to have you along, my fellow Americans, Sam Bushman, and man, I've got the crew today, ladies and gentlemen.
[00:00:32] We'll be talking about fraud, we'll be talking about the economy, we'll be talking about honest money, and it all starts now. First off, Kurt Crosby is with me, affectionately known as The Honeyman. LocalHoneyman.com is his website for incredible deals on raw, and that's kind of the important thing to note, the raw honey. It's not just honey you get at the stores, folks, where they cook all the nutrition out of it. No, sir. We're talking raw honey at The Honeyman. So, LocalHoneyman.com, check it out. Hi, Kurt. Buenos dias. Greetings and salutations.
[00:01:02] Howdy, howdy, howdy. Thank you, Sam. And the Honest Money Report starts now, ladies and gentlemen. That means Heath Perkins in the house. Welcome to the broadcast, Heath. And Heath is with FreeWaterCoinCo.com, where they do a phenomenal job helping people understand constitutional currency. Three generations of the Rust family, along with Heath and other involved employees and people who have been around for a long time,
[00:01:30] have really helped people understand constitutional currency. Hi, Heath. Okay. Okay. Hey, Heath, you're there. You're live, buddy. Yeah, I'm here. Sorry about that, Sam. Welcome, man. No problem. How you doing, sir? Doing well. Doing well. Thank you. All right. Perfect. Let's talk about the Honest Money Report to kick things off right. Where's gold sitting? Gold sitting at $4,426.10. And silver? You're at $73.44.
[00:02:01] That's down a bit from last time we talked. It is. It's interesting. You have oil go up and you have silver go down and silver and gold go down. You have oil go down, you have silver and gold go down. There's no really correlation that I've been looking at in the recent time. Everything just is a little bit off with the markets. A lot of uncertainty. What do you think, Kurt?
[00:02:27] Well, I can tell you this. Just like Heath's website says, our quarter still buys a gallon of gas. I'm telling you, pretty much a dime buys a gallon of gas. Yes, sir. You just got to have the right dimes. Freewaterco.com, you know, you can see it right there. You can see the pictures of the old, you know, black and white kind of folks with, hey, they're panning for gold on there and doing that kind of stuff.
[00:02:57] And, you know, these days you pan for gold a little differently. But, man, I'll tell you what, silver and gold have always been the same. Only 5,000 years of track record, I guess. Yeah, so no fake dimes is what you're saying, Kurt. No, use the real one. Heath, what do you think, though? Pretty cool website with some unique kind of relating to who we are as a people, right, and the history. Yeah.
[00:03:25] No, we kind of wanted to go back to a mercantile fill on the website and get back into, you know, the roots of, you know, Grandpa starting us back in 66. It's been interesting to see the growth from Jake Russ, Brian's oldest son who took it over, and the direction that we're taking with it. So, yeah, we're trying to get back to our roots, what's real. I love it.
[00:03:52] But freewatercoinco.com, ladies and gentlemen, you've got partners when it comes to honest money, folks that can kind of help you know what your things are worth so you don't get ripped off, make sure you know what to kind of invest in to make sure it's, you know, real coin value, not just numismatic, unless that's your goal and your kind of hobby or your, you know, you want to do those things. But even so, if you want numismatic stuff or things that, you know, have some unique value or unique historical context that have kind of a premium on it, you want someone to guide you through that.
[00:04:20] So I know that Brian and Heath and others have actually looked for coins for certain people and found incredible buys on the coins, and then later people have turned them for an incredible profit. Do you want to speak to that, Heath? Because that happens if you've got money and you want to kind of invest there. People do really well if they watch carefully, right? Yeah. If you're looking at investing in numismatics, not just the gold and silver, but in the numismatics, we can help with that.
[00:04:45] There's, I mean, one of the longstanding kind of legends within the company is we sold, it was a King of Siam. It was a coin given to him by Andrew Jackson back in the 1830s, 1840s. And it came on auction back in the late 1990s. We bought it for the client. He picked it up for about $1.9.
[00:05:14] His family recently sold it for about $5.5 million. And so there is potential there when it comes to the numismatic side. It's usually dealing with the higher, higher-end coins that are very sought after by the collectors that are out there that are very affluent. So we can't help with that as well. All right. I love it. Now, the economy is really negative right now. I don't even know how to respond to this. Every headline I see is super negative. Yeah, Kurt?
[00:05:43] Just before you go there, you know, the word numismatic, is there any way you could kind of tell us? I mean, every industry kind of has their fancy words that, you know, most of the time will lose people like me. They can't retain their rock star status if you know all the words and what they mean.
[00:06:02] Yeah, I just figured maybe you could tell me where this comes from or why do they say numismatic when they mean really fancy coins, you know? Yeah, coin collector. Yeah, the collecting of coins. A numismatist is someone who focuses on the study of coins and the collecting of those coins. Yeah, not a hypnotist. A new, what is it? Numismatist. Mismatist. All right. See, there you go, Kurt. Yeah. That's amazing.
[00:06:33] I just wonder who started that word first, you know? I mean, you know. Somebody who wanted to keep you out of the know. That's me. Coin collector, Ian. Anyway, thank you. I just figured out. No problem. Numismatic coins, though, mean basically rare and unique coins that have intrinsic value worth but also have hype value worth or, you know, in other words, hey, there's a lot of value to this coin,
[00:07:00] but if we were struggling for toilet paper and water and electricity and food, then it wouldn't be so valuable. Right, Heath? Yeah. Yep. So coin collecting does very, very well when you have a good economy on the sell side of things. And in a bad economy, it's a great time to pick up some of those more rare coins that are out there.
[00:07:23] They usually sell for a lot more of a discount in a bad economy due to people needing the funds and things like that. And so you can get great deals during a bad economy or you can sell those items that you already have in a good economy at a great price. All right. There you have it, ladies and gentlemen. A lot of people invest in artwork and other people invest in this and that. The reason they do artwork or they do coins and things like that is because there's a really high value in a really small space.
[00:07:52] So, for example, you can cut artwork off of a frame or whatever else and just roll that dude up. And, man, it's really little. You can take that anywhere, smuggle it anywhere. Same thing with coins. And that's kind of the key people need to understand. When we see all these wars around the world and everything else, I bet there's a bunch of artwork and numismatic kind of coins and stuff getting passed around. Right, Heath? Oh, yeah. Yeah. You have, you know, the things that are compact, like you were saying, that have a lot of value, like coins, gems, art.
[00:08:22] Yeah, these collections are near priceless. So, yeah, there's a lot that gets moved around during those wars instead of being confiscated. All right. I want to compare honest money, constitutional currency, to the negative take on the economy the mainstream press seems to have. Here's some of their headlines. Inflation hits three-year high. Prices are rising faster again, making interest rate cuts a lot less likely. The next one. Fed warns more rate hikes could come.
[00:08:50] Federal Reserve officials say they must raise rates to handle the inflationary reality. Oil prices surge amid Middle East conflict. Tensions are pushing oil prices higher. Food insecurities are rising across America. More families are struggling to get groceries. Consumer confidence weakens. Americans are more worried about the economy, inflation, prices, etc. Fed officials fear stagflation.
[00:09:19] Anyway, they just go on and on and on, Heath. And I want you to talk through a little bit of this. First off, what's stagflation? Yeah. So, stagflation, you pretty much have a time period when you have three things kind of simultaneously align. You have inflation. You have inflation. You have kind of a stagnant market that's out there when it comes to growth in the economy. So, the GDP is kind of flattening out.
[00:09:47] And then you also have, you're starting to increase in unemployment. So, when these three things happen, the struggle is with the inflation. The normal incentives that, you know, the Federal Reserve or central banks or even government treasuries would have is to pull out of the market funds. And by pulling out of the market funds, which is increasing interest rates is how they would do that.
[00:10:14] It causes more damage during stagflation than in normal times. So, when you have these three line up, it's really hard to see a benefit from increasing interest rates by the Fed or others in order to offset the inflation that we're seeing. And so, it's kind of a, it's a double-edged sword there. It's hard to. All right.
[00:10:39] When we come back, I want to talk about this because when Heath says they pull money out of the market through the interest rates, they don't literally just start yanking money out of the market. What they do is when they create interest rate increases, people pull the money out of the market because they can't invest like they normally would. We'll talk about it. Keith. Heath. I'm sorry. Kurt, Heath, and Sam. Attention collectors and savvy investors. We are excited to announce a momentous evolution in our journey. Introducing Freewater Coin Company, formerly known as Rust Coin & Gift.
[00:11:08] This rebranding takes us back to the very roots of where it all began. Freewater, Oregon. It's a tribute to the legacy of Al Rust and a celebration of three generations of dedication to excellence in the world of coins and precious gifts. Al, Brian, and Jake Rust standing strong through 64 years of service. Discover a world of exceptional service at Freewater Coin Company, your premier destination for genuine, honest money and precious gifts.
[00:11:35] Under Brian's expert guidance, Freewater Coin Company, building on the legacy of Rust Coin & Gift, continues its tradition of trust and excellence. Visit us at our Provo, Utah location. Explore our treasures online at freewatercoincode.com or call us at 801-377-1574. Freewater Coin Company, where your future is built one honest coin at a time. Are you watching what's happening in our country and asking, what can I do?
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[00:12:35] All right, folks, we're talking about stagflation. And you got Heath Piller with me, freewatercoinco.com, Kirk Cosby, localhoneyman.com with me. And so when we say they pull money out of the market, what they really do is they make conditions. So they manipulate conditions to make people do certain things, not by force, but by reality, by, you know, hey, it's only smart for me to do this because this and this and this is the landscape. Isn't that how it works, Heath?
[00:13:02] Yeah, so one of the manipulating factors they have is when they want to pull money out of the market, they increase the interest rates, which draws from the banks and draws from other institutions more interest. And the more interest that gets pulled out of the economy, the money supply decreases.
[00:13:20] So their way of, you know, kicking off, you know, lending and things like that is increasing the money supply and then them restricting the money supplies by them charging higher interest rates, which will draw that money out of the market. So what do you think, Kirk? What do we do about this, though? They're so negative. Are there any solutions, Kirk? Well, you know how the Federal Reserve loves to try to take care of us all. And, you know, I've got a little suggestion for them.
[00:13:48] They could, you know, because they're really quite concerned about the welfare of each American. They could go ahead and just eliminate the interest that they charge us. I mean, it's more than we're paying for, you know, the military. And, I mean, I don't really see those Federal Reserve guys too much on the street corner holding a little sign up says, we'll, you know, work for food. I mean, they seem to be doing okay, don't they?
[00:14:19] Heath? Yeah, they definitely have. I mean, when you have the ability to print the money for a nation is what the Federal Reserve has. They, in a sense, hijacked the right to printing the money for the United States. Instead of the U.S. Treasury printing it, the Federal Reserve stepped in between them with the promises of we would stop the crashes. We would stop the inconsistency in the banking flow of money.
[00:14:48] And none of that has come to fruition. Even to the point where there's an economist, well, an economist, and at his 80th birthday, Milton Friedman, at his 80th birthday, Ben Bernanke was the keynote speaker. And in that keynote speaker at the very end, he literally threw his weight around and said, yes, Milton, I just want to let you know you were right. The Federal Reserve did cause the Great Depression. But because of people like you, it will never happen again.
[00:15:19] And that's where the lie starts, right? Yeah, exactly. Well, Milton's dead, so maybe it can happen again. I mean, it's sad. But they – he literally has the ability to throw his weight around and just joke at it at this economist's birthday because he's been claiming it for decades. And, you know, it's like, yeah, they did cause it. And what consequence is there to it?
[00:15:46] I mean, when you have the individuals who print the money, like, they guard that. You know, that is the one thing that even presidents can't really go after. The last one who tried going after was John F. Kedony. You know, taking the money printing ability away from the Fed is a very dangerous thing to try. Okay. So, yeah.
[00:16:10] Don't you think – I mean, out of anybody who's going to possibly do it, I mean, I can't think of anybody more, I guess you'd say, willing to jump in the lines than President Trump. Well, nobody in our lifetimes, that's for sure. That's right. I mean, wouldn't it be cool if the guy just said, look, hey, I just found out that JFK was working on this and I got old Bobby here. And, you know, we might as well go ahead and just get this JFK job done and, you know, eliminate the Fed.
[00:16:39] Then we don't even have to worry about all this interest and all that kind of stuff. And, you know, then I won't even have these guys trying to tell me who's boss, you know. You know, you got the new Fed chair, what's his name, Warsh, and then you got the other guy who, you know, instead of just getting out of there like the President wants him to get out of there, he acts like he's more than the President, you know. What's his name?
[00:17:07] Oh, he calls him Too Late Pal. Well, yeah. Yeah. There you go. Well, and that's the problem is that, you know, you can debate whether it's too late, too early, this and that, but nobody knows the future. And that's why we believe in the free markets. Supply and demand should kind of be the key to that. But one lie I think that the headlines say is this. Tariff fallout continues to shake the economy. Trade tariffs are still creating higher prices.
[00:17:33] And I think that's to some degree true, but it's not true for the reasons that you're told, folks. So the next headline is GDP revised lower economic estimates were cut. And so then they go on and then they say, hey, these tariffs are a big threat to the economy. And I want to basically take that on because I don't believe the tariffs are a threat to the economy. Tariffs are the constitutional way that our founding fathers intended to raise money to pay for the proper role of limited, small, appropriate, well-defined,
[00:18:03] limited, I'm going to repeat that phrase, government. And so tariffs aren't the problem. It's the income tax that are the problem. It's all the regulations that are the problem. It's the government manipulated the interest rates that are the problem. It isn't the tariffs, Kurt. Well, you know, you couldn't be more correct, Sam. And yet, of course, remember that you remember the old shell game they'd show you, you know, they got the three shells and then you move them around. You're just supposed to keep trying to follow that.
[00:18:30] And that's what they always do is they want you to look somewhere where you really shouldn't be looking. You've got to look behind the scenes, see what's, you know, really under the shells, you know. But that's the way it's always been, right, Heath? That's correct. You know, one of the things that a lot of those headlines that we were talking about earlier, Sam,
[00:18:56] they're saying we have inflation, this and this and this, but it's just like if oil goes up in price and everyone's fuel is costing more, everything's shipped. Everything is shipped via diesel. Like this oil price being as high as it is, yes, you're going to see inflation. Why? Because the diesel that's shipped there is a higher cost. The shipping costs are now increased.
[00:19:21] Like so across the board you're going to see higher inflation due to the price of fuel being higher than it has been in the past. Like we've almost doubled the fuel price due to this little conflict we're having in Iran. Like that by itself is causing majority of these percentages of increase when it comes to the inflation numbers.
[00:19:44] So we have to kind of look back as to, yeah, are we really seeing inflation due to the input of excess money? Are we seeing inflation due to a commodity that has increased in price that has a trickle-down effect into everything else that, you know, is measured in the consumer price index for that inflation number? Amen to that.
[00:20:12] And here's the point that I think Heath is making, and I think he's right about this. And here it is. Energy costs becoming a, quote, major threat, the headline says. Higher fuel and transportation costs are feeding inflation across the economy. Now, here's my problem. They say energy is up. They say we need to build all these new modern, you know, power abilities to deal with AI and plug in your car and everything else. But, Kurt, aren't they turning off all the coal-fired power plants?
[00:20:40] It seems to me that you need to crank those dudes up and keep those running. Now, if we want to make them more efficient, by all means. But why are we taking energy offline when we claim we need more? Well, Sam, don't be using logic when it comes to government. I mean, you know, you're going to really mess the picture up. One other thing to throw in the mix, you know, I was seeing that kind of recent story within this last month.
[00:21:02] You know, headline, BYU students built a car that gets 2,000 miles per gallon and it puts every hybrid to shame. I mean, you know. I mean, if you're really talking serious solutions, you know, I mean, just like we talked about Fed Reserve thing, hey, man, pay off that dude with a big coin like Bo Grites used to say.
[00:21:26] You know, let's if we can get 2,000 miles per gallon, maybe you get kind of a cheaper car than you only get 200 miles per gallon. Right now, I'm lucky to get 20. So what's the deal? You know, I mean, if there's really those solutions, let's get on it, you know. Heath? Completely agree. The solutions, though, the downside in the past is those solutions that have come forward like this, the big game changers.
[00:21:57] The individuals usually get threatened, they get bought out, this or that, but the only way for it to truly hit the market and take effect is for the individuals to freely give it away. If they can give the technology away, give the information to the public, it can't be bought up by someone. It's now in the public domain. Like, there was anything. You've got to do it before they kill you, right, Heath? Pretty much.
[00:22:22] I mean, you had the guy who drove the dune buggy on water and, you know, he passed away from being poisoned at a meeting he had with one of the investors. You have these things that have happened throughout the past where you can't be too efficient in something because it takes away from someone else's pie, their economic portion of the pie. And they guard that fiercely.
[00:22:47] So, you need to, if you're going to go down these routes that can change, like 2,000 miles a gallon, that's insane. Like, that's, like, you could almost cross the entire country on a gallon and a half. Or you could cross the entire country on a gallon and a half. Like, that is freedom. And that kind of freedom, like, is not truly allowed unless you can give it away freely and the people start to implement this on their own.
[00:23:17] And it's not coming from a business or a corporation that can be threatened or whatever else. It has to be just public domains available where you get this information to anyone. Anyone can build it. The designs are all there. No one can patent it. It's not public information. Like, that's how you get this to be something that will stick. That's one way you do it. The other way you do it is you say, just like Vivek Ramaswamy used to say, drill, drill, drill.
[00:23:45] And just like Trump says, let's abolish the income tax. Let's crank up the tariffs. And then they don't have to spy on me and my life. We can just go ahead and pay for the proper role of limited government and start to rock and roll and deregulate. What do you say, Kurt? Oh, yeah. Couldn't agree more. Good work, Sam. Man, you're right on target. Thank you, Heath. Heath Perkins, ladies and gentlemen, doing a great job. As always, he is the guy to help you with all kinds of honest money. Freewatercoinco.com. Heath, we'll have you back soon. Thank you, brother. Thank you.
[00:24:15] We'll see you, Kurt. All right. There he goes. Heath Perkins, ladies and gentlemen. On freewatercoinco.com, you've got a partner. And it doesn't matter if you're in Utah or not. They've got a location right in Provo, Utah. But they help people all across the country. They've done it for decades. Freewatercoinco.com. I'm Sam Bushman. Kurt Cosby still with me. Localhoneyman.com. Check out his incredible website. It's raw honey, folks. There's a unique healing property when it comes to raw honey. Localhoneyman.com. I'm Sam Bushman.
[00:24:44] God save our constitutional republic.