[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. The Honeyman, the Honest Money Man, Truth About Interest Rates, The Economy, Quartz, we're just getting started. Happy to have you along my fellow Americans. I'm Sam Bushman. Kurt Crosby's with me. Welcome to the broadcast, sir, known as your local Honeyman.
[00:00:34] localhoneyman.com. He's a long-time liberty-minded radio and TV personality telling the tale of truth. Welcome, sir. Greetings and salutations. Howdy, howdy, howdy. Thank you, Sam. You're very welcome. We go from the Honeyman to the Money Man. Heath Perkins with us with the Honest Money Report. Welcome to the show, sir. Man, I like money and I like honey. How's that? There we go.
[00:01:01] All right. There's so much going on. The economy is showing signs of slowing through weaker job growth, they say. The U.S. added only 57,000 jobs in June and the Labor Department reported weaker than expected. Payroll growth while revising prior months as slower signaling a cooling in the labor market.
[00:01:26] Then they say markets react to slowing economic and employment growth. And it shifted expectations for interest rates and a whole lot more. Heath, let's go to you first on this topic here. It's interesting to me. They always release these unemployment numbers. And then what they do is they revise them later. And oftentimes they revise them down, down, down, down, down. And it really brings up the question when that happens over and over. Are they lying because they know that it'll spike the economy at first?
[00:01:54] And they also know that when you release news, it's big time. And then when you release a correction, nobody knows, nobody cares. And so they get kind of the bang or the boom out of that. I don't know what you want to call it. Shot in the arm, economically speaking. And then, hey, on the back end, if we admit the truth that, hey, it was only way less than we thought it was. Biden did it. Now Trump is doing it. They've done it through, you know, Bush did it. Reagan did it. They've all been doing it. But to me, that's disaster to do that because it manipulates the economy, Heath.
[00:02:23] Yeah. But ultimately, if money can be made at something and with that announcement, a lot of money gets moved around. But when if money can be made at something, you know, it's going to be manipulated. You know, the job numbers have always been revised. And like you said, they've always been revised and it's usually a lot lower than what they've claimed. So it's it's not surprising.
[00:02:48] It's just another form of manipulation that that is easily monetized due to the the markets. Just it's a huge focus on that every single month. So it's not surprising at all. Kurt, I want you to chime in on this. What do you say to this? Well, at least the thing to me that makes it different than normal.
[00:03:15] I guess you say normal years when you have the government media, the insider, the Kingman Canada media, you know, running things, then they would always pump it up at first and then the real number would be lower. Now it's just the opposite. They pump it down and then the real numbers higher. But that's because, you know, of the you just caught Trump derangement syndrome, you know.
[00:03:46] TDS. What do you say to that, Heath? Yeah, like you have a lot of individuals that want to make Trump look bad. You know, bad job numbers are going to be the easiest way of doing it. You know, going after him on interest rates that aren't being lowered like he wants to. These are very easy talking points to really go after an individual.
[00:04:11] And, you know, there's there seems to be a lot of struggle within within the government itself as to what side, you know, is trying to gain the upper hand on the talking points. And the talking points are very easy to manipulate. So, yeah, it's makes a lot of sense. Especially with this with this president. Amen.
[00:04:37] I want to say to Kurt's point, you know, a lot of times what happens is when you get a president that's liberty minded or a president that's more conservative economically speaking. When he's highlighted that we've got to get rid of the IRS, he's highlighted, you know, concerns with the Federal Reserve and everything else for quite some time. And I commend him for that. But I will say this, Kurt, it's interesting to me when that happens, most people, they don't just go, you know, to big corporate employers. A lot of people become entrepreneurs and a lot of people start their own small businesses.
[00:05:06] And a lot of people find other jobs that may not show up in these reports as well, showing a little bit better economic spike than might be at first appear. Right. Well, exactly. And at least along that line, I remember the old joke you'd see this guy standing there. He's like a waiter at some fancy political event.
[00:05:28] And the politician's like, man, we created, you know, a million new jobs and the waiter's standing there and there's a little caption above his head and says, yeah, and I got three of them. But the main, the main point, at least to me, what we're seeing now compared to the normal, you know, government administrations is you see much less regulation, more enhancement of freedom.
[00:05:56] You know, I mean, just less bureaucrats to make life rough. And hopefully we've got several years to even improve on that metric and have even less bureaucrats and professional do gooders as well. The semiconductor industry is the one that's kind of leading the market pullback. They say technology and chip makers.
[00:06:22] Shares retreated as investors are re-evaluating or reassessing the expectations for the second half of 2026. Mm-hmm. So they're watching for a second half slowdown, if you will. Yeah. No, yes. Go ahead. You're good. Good. I just kind of thing on that.
[00:06:49] President Trump sent out a truth this morning about 48 minutes ago, said, how about this? Micron, a great American company, announced that they are putting in $250 million into the Trump accounts for the future benefit of children. Their stock went up nine points today. He says, thank you, Micron, for us in DJT. You know, so at least to me, you know, that's the semiconductor points, right? Mm-hmm.
[00:07:19] Yeah. A local one, too. Yeah. We've, I think a lot of people are a little bit leery right now of how the stock market has truly reached heights that we've just never seen. And some of the computer chip manufacturers and some of these groups like NVIDIA and others, like, they're top stocks.
[00:07:42] And due to that, like, there's a lot of concern of, you know, the top dogs being some of the ones that have a lot of that first initial drop if we do have a market pullback. Usually, economically speaking, like in the past, you see your troublesome times hitting around October. The 29 crash was in October. You had the Federal Reserve.
[00:08:12] They did the repos starting in October in 2018. October seems to be the month where things start to manifest when it comes to the economy showing its weaknesses and its chinks in the armor. Yeah, they always call it an October surprise, right? Yes, indeed. I think you're right.
[00:08:34] And I don't know if they're going to try to manipulate that before the midterm elections because, you know, that might, you know, if they manipulate it right, go in favor of the Democrats because it's all perception, perception, perception. And so I hope they don't have a, you know, game playing reality there that might be election manipulating. I wouldn't it wouldn't surprise me if they did that. But tariff battles are in the news because they're shifting economic debate as well.
[00:09:00] You know, ongoing disputes over the tariffs, the inflation, et cetera. So I don't think a pullback to some degree, if it's just a little bit of a pullback, I don't think that'd be a bad thing. I think that might tame or put a tamp or a tamper on inflation and stuff like that. Then the Federal Reserve might lower the interest rates a little bit. Some of that I think might be welcome, Kurt. Well, you know, I mean, so much. It's like you said, all depends on how it's used or whatever.
[00:09:30] Or it's amazing to see the differences. And, you know, we've been pro tariff. What? Ever since we learned the word tariff, right? Yeah, pretty much. Absolutely. And we remain pro tariff, by the way. And it's sad to me that, you know, the Supreme Court didn't really pitch a lot of that back to Congress and say, look, Congress and Trump get together and solve this tariff thing.
[00:09:54] Congress has responsibility to organize and carry out the tariff laws, but the president absolutely has to day to day carry out those laws. And so y'all get together and figure it out. And, you know, I really think Congress is the one that's missing in that picture. Congress needs to come to the table, codify a lot of what Trump wants to do. Then Trump wouldn't be pushed all over the map. We can blame Trump. But at the end of the day, he's trying to do his very best to implement what we know to be a founding father-esque way to generate the appropriate money for the limited, proper rule of government.
[00:10:23] And what we need is Congress to double down and back the president and stabilize this thing. The sooner, the better, by the way. Oil's in the news. When we get back, we'll get an oil update. We'll also talk to Heath about what's happening in the gold and silver markets. Kind of strange. We'll tell you about it. But it's an awesome time to get involved at freewatercoinco.com. Sam, the money man, the honey man in seconds.
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[00:11:51] Think independent. Plug her ears. We're going to get crude on your radio. You okay if we get crude, Kurt? Crude oil, huh? Yes, sir. I'm just kidding. All right. Crude oil, ladies and gentlemen, I guess are easing based on diplomatic signals from the Middle East.
[00:12:17] Crude prices moved lower, lower, lower as traders are responding to implications that there's improving diplomatic conditions involving Iran. Trump's been telling us this for a while, and now we're starting to see it in the markets, Heath. Yeah, you definitely are. Crude's down to about $67 or $68 in that range. So we've dropped significantly since.
[00:12:45] The war's kind of come to a little bit more of a ceasefire, a little bit more of a controlled area. But yeah, you're seeing that. You're seeing the markets gain a little bit of perspective. We've had a lot of pullback in the gold and silver market due to the stability, which it's been interesting because it's been doing a lot of opposite things versus what it normally has been doing in the past.
[00:13:12] So with the war, we actually saw the price of gold and silver drop. With the price of crude going up, we saw gold and silver drop. With the price of crude going down, we've seen gold and silver drop. It's just it's a very interesting market right now. There's not much that's out there that can kind of give you precedence as to what what to expect.
[00:13:32] But we seem like we've come we're coming down on to a testing a new floor in the gold and silver market to see if that's has enough strength to keep pushing that forward and upward. So, yeah, it's been good. All right. What do you think about this, Kurt? Do you think oil is going to keep going down? I think so. Well, you know, Sam, there's so many parts to the picture, it seems like to me.
[00:14:03] I've got a buddy of mine that I call him the balloon man. And he's got he's got a Ford lightning. It's a pickup. It's made by Ford that basically, you know, is electric. And he says, man, I you know, when I got that thing, I found out that. I'd save enough in fuel to pay the payment.
[00:14:27] And he's he's I wouldn't say over the moon about it, but he's pretty happy about it. So, you know, you have these other parts that are playing playing a role in this whole oil and gas thing that I think is cool. When you when you if you get the government out of it, let the private sector take over and you don't, you know, encourage anybody to get an electric car by giving them tax breaks.
[00:14:56] You don't encourage somebody to have, you know, a natural gas vehicle, but you just leave, get the government out of it. But it's amazing what can happen with the market, I believe. You got that right. The court here with regards to government agencies, Trump can fire who he wants. He can put the apprentice in government. And I want to see it happen. I wish we had a TV show talking about all the government officials getting let go and fired left and right.
[00:15:26] And I mean, it'd be a great reality of the apprentice goes government. You know, it'd be awesome to watch. But nevertheless, so they supported Trump in that, but they also then shut down Trump when it comes to the Federal Reserve. They believe the Federal Reserve should, quote, be independent. I don't really know what that means. It says Federal Reserve independence remains in focus. And then they say, you know, there's Lisa Cook. She can remain in office while disputes are happening.
[00:15:56] And, you know, it's a big old debate, but I don't really understand much of that. Um, because Congress doesn't have authority to just create an independent agency that the executive, the chief executive of the nation doesn't have the authority to oversee. You see, the president has oversee authority. He has day-to-day action, carry out the laws. Well, Congress doesn't have authority to make laws that basically checkmate, take the president out of those decisions, Kurt. Well, you're exactly right.
[00:16:23] And if you want to really talk about the Federal Reserve, you got to, you got to look at, you know, what, I mean, we started that thing. I shouldn't say we, I mean, there's so many of us that weren't really part of it. But 1913, and, you know, we, Andrew Jackson showed us the way by basically eliminating an earlier central bank for America.
[00:16:52] And we got to do the same thing in this case. President Trump wouldn't be too upset with those guys if he didn't have to deal with them. Just get rid of the Federal Reserve and go back to honest money in America. And, you know, if you're, if you're wanting a step in the, you know, in between direction, you use the United States notes that JFK and Abraham Lincoln used.
[00:17:18] And, you know, when you print up money, it doesn't have to have interest attached. Article 1, Section 10 says no state shall make anything but gold and silver coin, a tender and payment of debts. It's easy to understand what we're supposed to do. But I guess it's only easy out here in the country to figure that out. Well, Heath, what do you think is going to happen interest rate wise? They kind of on one hand put the president in check.
[00:17:46] I don't think they have constitutional authority to do that. That's where the courts kind of run amok. And I personally think judges ought to be impeached over this. But what do you think is going to happen? They say Federal Reserve, the independence remains in focus. And this Fed chair, the new guy, what's his name? Kevin, how do you say it? Warsh? Yeah. Warsh, I guess, you know. Kevin Warsh, he, you know, reaffirms his 2% inflation goal. I don't want 2% inflation.
[00:18:15] That just means that every, you know, however long it takes. I mean, just in other words, I got to increase my employees pay 2% with their 2% just to keep them at the same rate. If I don't give my employees a raise because I can't afford it, then my employees start losing 2% every year. Yeah. And that's 2% just in inflation, but then they manipulate the inflation numbers. If they decide I can't have steak today, I'm going to have hamburgers instead. And they change all those things.
[00:18:45] You can't buy Charmin TP. You got to buy the one-ply stuff. And then they're saying you're just buying TP. It's the same, but they're playing games. And what it really means is my employees, unless I can afford to keep up and pay them, they're getting the shaft, Heath. Yep. Yeah. So this system is designed to really help the uber wealthy. What I mean by that is you have these individuals who have mega, mega large accounts. And the only way you can continue to pay interest into those accounts is if you can create more money.
[00:19:16] By creating more money, you have to have this 2% inflation. So the inflation is the side effect of adding more money to the money system. But these large accounts can't continue to grow and can't continue to add interest to these accounts, even though they're not even spending the interest that's being earned. So these accounts will always grow larger. They will never diminish. By pulling that interest out of the base of society and putting it into these very large accounts.
[00:19:46] So this was how they sold central banks back in the day to wealthy landowners. So your monarchs and stuff were told, hey, we can show you how to become not just land wealthy but also cash wealthy and how you can tax higher amounts without the citizens knowing you're taxing higher amounts. And that's inflation. So there's a whole – I mean, this has been going on for a long time.
[00:20:11] This is one of the greatest pitches the world has ever seen when it comes to keeping the wealthy well-to-do in every aspect, not just land but in the cash side of things as well. And you can't have that without a central bank that continues to issue additional money and cause that 2% inflation every single year. Well, I'm only for increasing the money supply if they put it in Sam Bushman's account
[00:20:40] and let me be the one to spend it into existence. I'm just kidding, ladies and gentlemen. That's the problem, right? Heath, what do you think interest rates are going to do? And then what's the honest money report, sir? Honest opinion, interest rates, if they don't stay flat, I'm going to see them go up. You're going to start seeing more of this trying to fight inflation that we're seeing. We're seeing more – we're seeing consistent increases in prices across every aspect of society.
[00:21:09] I mean, fuel, even though we've seen it drop down to less – you know, a drop of 30-plus percent, you haven't seen that at the pump. These prices are price-sticky. You're not going to get what Trump really wants, which is a good amount of drops in interest rates, due to how much excess of money has been entering the market. We have to rein in how much money and how much borrowing and how much new debt we're issuing
[00:21:39] to create that new money, or else we're just going to continue doing the same thing, which is having more inflation, which you can only fight with inflation, with removing money out of the money supply, and that's charging higher interest rates. So I don't see us really dropping things. Dropping interest rates encourages spending, encourages people going out and getting loans and stuff like that, and not tightening the belt as much. We're raising interest rates.
[00:22:09] You've got to tighten that belt. But it does pull more money out of the market, which is what would help reduce the amount of inflation we're seeing. So it's kind of a catch-22. Amen. All right, give me a quick honest money report, sir. Where's gold and silver sitting? Gold is sitting at $4,139.10, and silver is sitting at $61.99. Kurt, it's time to buy, man.
[00:22:38] It's down from its highs. Well, it simply just means, you know, it's the old shell game. But basically, you know, the answer is, like you say, get whatever you can of honest money, you know, and it's always been good. You know, I know the stock market sounds really exciting, but I'll tell you what, stocks have literally been worth zero in their lifetime.
[00:23:05] And, you know, so get your silver, gold, and encourage folks to understand what honest money is, the gold and silver of the Constitution and the Scripture for, what, 5,000 years? Mm-hmm. Ladies and gentlemen, the dollar is what fluctuates. I know we say gold and silver are down, and they've taught us to talk that way. But the truth is gold and silver, for the most part, hold them incredibly steady, and the dollar is just all over the map, ladies and gentlemen. That's the reality check.
[00:23:35] Heath Perkins, thank you so much, my friend. We'll have you back. Sounds good. Thanks, Sam. Thank you, Heath. Freewatercoinco.com. You've got a, well, just call the money man. He'll help you out with honest money. Freewatercoinco.com. Sam and Kirk continue in seconds. You're watching the one and only Liberty Roundtable Live.
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