[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. Honest Bunny, judges in the news, the Honeyman, the Moneyman, and the Funnyman, it all starts now. Happy to have you along, my fellow Americans.
[00:00:30] I'm not necessarily the Funnyman, but I've got to have something that makes sense with the Honeyman and the Moneyman, right? I mean, come on now. All right, Kirk Crosby is with me. Welcome, sir. Buenos dias. Greetings and salutations. Howdy, howdy, howdy. Thank you, Sam. You're very welcome, sir. We also have Heath Perkins with us. Freewatercoinco.com. Welcome, sir. Thanks for having me back, Sam. You betcha.
[00:00:55] It's the Honest Money Report time, ladies and gentlemen, on Liberty RoundTable Podcast as it is every Thursday, brought to you by Freewatercoinco.com. When it comes to honest money, you've got someone to break it down for you. Where's gold and silver sitting, sir? Gold's sitting about $4,257.80. Perfect. Silver? And silver's at $63.55. All right. There you have it, folks.
[00:01:23] So it's not near its all-time high, but it's certainly way up compared to what it was several years ago. It's interesting. It took a big jump. Now it's kind of come back down. But even the low now, or whatever you want to say, is like double what it's been forever, right? Correct. Correct. Yes. That alone I find very interesting. What makes that change? It was like chunk, and then all of a sudden it was like way up, and then all of a sudden it came down compared to the high.
[00:01:52] But yet now it's the low is like double what it was. How does that kind of a shift happen, Heath? So in 2023, the Bank of All Banks, the Bank of International Settlements, they're the central bank or central bank. So like the Federal Reserve will utilize this bank as the guidelines and the references for all the things they should be doing.
[00:02:14] So in 2023, the Bank of International Settlements in Brussels, Belgium, they decided to recategorize what a riskless asset was. They formally had U.S. treasuries and bonds as riskless assets, and they recategorized that to a risk, and they put in its place gold. So gold got put in the place of U.S. treasuries and bonds for all central banks across the world.
[00:02:43] And due to that, gold steadily started moving up, and it had its methodical move up. So that very slow, methodical move up was due to the central bankers, and silver just couldn't keep it low enough. Like that ratio was shoving so far between the two that it finally snapped.
[00:03:11] The delay on silver was a lot longer than it should have been, but that snap, that rebound is what shot it up from October 2025 to January 2026. It finally broke in October $50, and once it broke $50, it went from $50 to $120 by the end of January. And then we had that big correction of 35% that single day.
[00:03:38] And it's about 67 is the spread between gold and silver now, right? Whereas there for a long time it was around 90, even close to 100. So it's really kind of corrected that to a great degree. Do you expect us to see another chunk correction? Because I think it's a lot better than it was in terms of the reality. But it's still far off, right? Yeah. I mean, you still have 400 paper contracts on silver for every one unit that they actually hold. So it's still way out of balance.
[00:04:07] Silver, I mean, if we got rid of the paper contract markets and we just played with the physical markets, these prices would be far higher than they are. People just don't realize that these markets can manipulate due to how much can be on the market at one time. So, example, because JPMorgan controls 26% of the world's silver, they were given the right to create the silver futures market for the world. They've created that.
[00:04:36] But because they can write 400 contracts on there, 26%, they're writing into existence about 100 times more than what actually exists. I want a deal like that, Heath. Come on now. Pull the lever in my favor, Kurt. What do you say? Yeah. Yeah. I mean, if I could sell something and make the profit off of every single little sell, because there's a spread right off the bat. So every single transaction that you take has a small little piece that you get right off the bat.
[00:05:04] And so, like, they're selling 100 times more than what exists in reality. It's insane. Kurt? Well, you know, you think of those guys. And which bank is it, again? JPMorgan. Yeah, well, you can sure count on those guys to have your best interest at heart. You know, Sam? I mean, they've done it, you know, forever. I mean, count on those. Wow.
[00:05:32] Well, over 100 years, ladies and gentlemen, have they been manipulating. And Andrew Jackson knew to route those clowns out and call them thugs and thieves and everything else. And, you know, we pray that Donald Trump can do the same before the midterms. He'd really get a lot of traction from MAGA and America first if he would literally jettison those folks. It's something that we certainly want to work towards big time. There are several things happening, though, that I believe are kind of changing the game, at least in terms of money as well.
[00:06:00] President Trump is meeting with the Chinese president today. And he was at the UN yesterday and et cetera. And it's kind of an interesting twist with meeting with some of these leaders because discussions are trade, for example. They held off the China trade. You know, it was going to be a big change here. But then they put it off for two months while they meet.
[00:06:25] And the leaders are set for White House talks on trade, technology, Taiwan and Iran today. And so they've increased it to January 10th, giving a lot more time. That'll make a big difference, Heath. Yeah. I mean, these talks, hopefully we can start seeing something that's productive out of it and have the nations working together instead of working in different directions.
[00:06:50] It'd be awesome if America had the same kind of tariffs that the rest of the world has. So if our tariffs are high in their nation, well, we have a reciprocal one here. But it'd be awesome to start bringing these down so that it can benefit the nations as well as the citizens who are buying those goods so they're not so expensive. Yeah.
[00:07:10] Once these talks start ramping up, it'd be really nice to see, you know, us kind of coordinating more and less friction out there in the geopolitical arena. Hopefully that can happen. Yeah. The reason that this is such a critical meeting between the Chinese president and President Trump today is because China's grip on rare earths or rare earth minerals is what it's called is serious.
[00:07:39] And that's why we really need some talks right now. The minerals, ladies and gentlemen, are critical to U.S. manufacturing and defense. Even with new domestic investment, America's reliance on Chinese supply could persist well into 2030. So we've got to ramp up our own. I think it's kind of tragic that we put ourselves in this position not to be self-reliant the whole time. To rely on China for this is kind of foolish in my mind.
[00:08:06] And so we've got to kind of build a bridge while that happens. Kurt, do you want to respond to that one? I think Trump's right on on working to build this bridge. It's necessary and he sees it. Well, yeah. I mean, imagine making sure that you have the essential either minerals or any other thing that you need in your own country so that in case of war,
[00:08:33] especially with your known enemies, you don't have to rely on them to supply you. I hear that. We need more of that. So I really appreciate President Trump sitting down with this Chinese president and working on that. I think that's really important. I know that, you know, several of the Republicans now are calling an end to the war. I appreciate that.
[00:09:02] But I think at this point it's going to be very hard to back out of this. If we just walk out, you know, we can have some serious issues with that, too. But I find this interesting. One of the things that Trump is now proposing to do, Heath, and I want to get your take on this. Trump is backing possible diesel export ban as fuel costs spike, the headline says.
[00:09:29] The president said he supports the idea of restricting diesel exports. And the proposal comes as high fuel prices are punishing households, farmers, Republican candidates, and the list goes on. I don't know if it will happen or not, but I really think that's something. I don't know why we're exporting diesel in the first place, especially when we need it. To me, it just doesn't make any sense, Heath.
[00:09:56] Yeah, I'm almost paying $7 a gallon right now for diesel, which is insane. Yeah, it's almost $2 higher than gasoline. I've switched vehicles. I had a diesel SUV that I was driving, and I'm driving my old car because I can't afford the extra $2. I get the same gas mileage, fuel mileage list, too, but I can't afford that.
[00:10:16] So, like, having us export, I can understand the exporters wanting to get the higher price outside of the U.S., but when we're suffering right here, for whatever reason we're suffering, and this is going up as high as it's going up, because we're not importing a lot of the oil from overseas like the Iranian through that, you know, the Strait of Hormuz.
[00:10:40] So, I'm not understanding why worldwide we're seeing this rise in the U.S. as being so effective, even though we have all our oil here. Like, Iran is giving their citizens oil for pennies on the dollar. They're giving them fuel for... All right, hold on. We're going to take a quick pause. Come right back. Let Heath finish. As you are aware, America is divided over every fault line possible. This is intentionally fostered by those who do not love God, family, or country.
[00:11:07] We believe a peaceful future as a free people absolutely depends on civility. Clarion Call for Civility is looking for funding and volunteers at every level to make our hopes and efforts a reality. Please donate, sign our pledge, and help us in our sacred cause. Please visit callforcivility.com for more details. Callforcivility.com. Why don't we say to the government, writ large, that they have to spend a little bit less?
[00:11:34] Anybody ever had less money this year than you had last? Anybody ever having a 1% pay cut? You deal with it. That's what government needs, a 1% pay cut. If you take a 1% pay cut across the board, you have more than enough money to actually pay for the disaster relief. But nobody's going to do that because they're fiscally irresponsible. Who are they? Republicans. Who are they? Democrats. Who are they? Virtually the whole body is careless and reckless with your money.
[00:12:04] So the money will not be offset by cuts anywhere. The money will be added to the debt and there will be a day of reckoning. What's the day of reckoning? The day of reckoning may well be the collapse of the stock market. The day of reckoning may be the collapse of the dollar. When it comes, I can't tell you exactly, but I can tell you it has happened repeatedly in history when countries ruin their currency.
[00:12:27] All right, ladies and gentlemen, Heath Perkins with us. Freewatercoinco.com. Kurt Cosby with us. We're talking about the diesel possible ban on export. And so first off, Kurt, do you support President Trump banning diesel export? Well, I can tell you this, Sam.
[00:12:55] You know, I'll tell you the guys that are against it. You've got the Washington Post, Yahoo, Wall Street Journal, Morgan Stanley, et cetera. So it looks like it's probably a pretty good idea. Now, you know, when you look at freewatercoinco.com, the main page says, Our quarter still buys a gallon of gas.
[00:13:26] And it's not too much above a dime, really. But, you know, if you get the right dime and or the right quarter, and as you say, President Trump could certainly bring that out and, you know, really change the game if you're talking about real money and Andrew Jackson, et cetera. So I don't know what else to say but that on that issue. What do you say, Heath? Should we ban the exports of diesel?
[00:13:57] Well, the more you play around with the free market and not letting the free market move and do what it's supposed to do, the more struggles you have. Like the more you allow bureaucracy to take over and dictate certain things. I think until, you know, the U.S. has its diesel reserves built back up for the nation through, you know, Biden selling off most of those, I think that the U.S. should be the first one to bid on those and pay the price
[00:14:26] to build back our reserves. We sold them all off. So our struggle really comes from, you know, previous administration doing silly things, this administration not rebuilding that supply that we've already used or shipped out overseas. And now we want private businesses to not sell to the highest bidder. It's like, well, that's a struggle, but it's the free market. You want to mess with the free market, and that's when you start getting more things out of control.
[00:14:56] So I don't think we should prevent that. I think we should have the government step in and be the first one to make the bid and to see if they can keep that here and refill our reserves. But one of the struggles we're seeing with diesel coming up is in October 1st, this is something for everyone to be aware of, there are a lot of talks of a trucker strike nationwide here in the U.S. on October 1st.
[00:15:22] They are striking for the price of diesel, and they might be out for a week or two. If that is something that comes to fruition, the whole U.S., like, things cease to be moved around. Big corporations will continue to do a few things, but all the private truckers, which is a huge portion of that industry, they seem to be on the same page where they're looking at doing a full strike and to protest this diesel price because it's just unaffordable for them to continue shipping things around
[00:15:52] when the price keeps moving up like it has. And that, in my opinion, Heath, is kind of the reason that I support this ban on exports. I know from a constitutional point of view it's a concern, and I agree we need to get back to the Constitution, but right now we have so much meddling in the market that we've depleted our reserves, we've done certain things that cause problems. Now, I want to solve it, but you can't back out of it all at once sometimes, right?
[00:16:20] And so I think in this case, we need to build up our reserves. We need to make sure the truckers don't go on strike. And it's kind of interesting, when you compare drinks, let's say like energy drinks, juice, you know, those kind of things, it's amazing. People spend, you know, a couple hundred on gas every month, and we say that's expensive, and it is compared to what we're used to. But I kind of feel like the price of gas has been suppressed in America for a long time,
[00:16:50] and now we're starting to see kind of reality gas prices. They want you to believe it was fine and normal then, and now it's crazy. I think it's been manipulated for quite some time, and now we're starting to kind of see the truth. Some of these expenses, you look at, say, coffee. People have no problem on a 32-ounce coffee for six bucks. A gallon of gas is four times that for less than five bucks, and we're saying it's crazy expensive.
[00:17:16] You know, you look at it, and you say, hey, a gallon of gas can take a family or a group of people or a bunch of goods down the road 20 miles or whatever number you want to use, 15 miles or whatever, and it's five bucks, and that's crazy expensive. And I know it feels like that, but it's kind of like we think 6% is a crazy interest rate. That's still way lower than the average. So I think Americans have been lulled into this false, manipulated economy so much so to where when we start to see kind of reality, we freak. But I don't think it's reality.
[00:17:45] I think reality is what we're starting to kind of start to see, and I think we need to kind of adjust for it and realize that. Am I off, Heath, or is that – what do you think? No, you're right on. Yeah, the price of fuel has been so low just like interest rates have been so low. It's been manipulated. Just like silver and gold have been so low, they've been manipulated. The struggle is once that manipulation starts to free itself and correct to realistic prices,
[00:18:15] we all have to take a look at, okay, yeah, this is now increasing in our monthly budget. Like what do we have to change in order to get back to not having to borrow? And so it's a huge wake-up for all individuals when you start seeing realistic commodity prices. Yes, they've been manipulated.
[00:18:41] And, you know, the spring that we – like so the homes also, you saw them shoot up in value. You've seen gold and silver shoot up in value. You're seeing oil shoot up in value. You've seen food shoot up in value. Well, all of that is due to the dollar being – are worth less and less continually. And this manipulation being released – but these releases are kind of like larger pops that push it to a level that we didn't think we'd see.
[00:19:09] And the struggle is we're now seeing it and we're not – and that's now affecting everyone. But now instead of being, you know, 2% or 3% savings in this nation, with these extra costs on top of that, we might not see any savings. We might see more on the credit card. We might see credit card numbers go further. They have to go further because people are living on credit cards currently to make their monthly amounts to be covered.
[00:19:36] So we're in a little bit of a tough situation where we have been lulled, like you said, with these lower interest rates, these lower home prices, these lower food prices, these lower silver and gold prices, these lower oil prices. All these commodities across the board have now moved into more of a realistic view based upon our currency and our currency being overproduced and worth less and less and less.
[00:20:07] So that's my take. So, Kurt, what do you say? I look at soda pop or I look at, you know, energy drinks or I look at coffee or juice or some of these things that, you know, people do. And I kind of say, I mean, even drip coffee, 16 ounce, 350. That's 16 ounces, folks. Coffee shop latte, 5.75. Red Bull.
[00:20:34] Listen, 8.4 ounce can, three bucks. When you look at it, I know it feels crazy and I know it's pinching people's wallets because they're not used to it. But I think some of this, we need to educate the American people to the truth. The dollar's just been ruined is the problem. Kurt? Well, I couldn't agree more. And, you know, one of the things that I think is happening, too, you know, you bring up the free market or the so-called free market.
[00:21:04] Heath, if you really get government out of it, I'm talking about, for example, the support for electric cars or all these other things. At least right now, there's a whole lot more people that are moving towards the electric car, you know, that kind of thing.
[00:21:24] And, you know, if you leave government out of it and let the market dictate, it's pretty amazing. And as you say, Sam, people are, you know, they'll buy crazy things for a whole lot less than a gallon of gas and then complain about a gallon of gas. I couldn't agree with you more.
[00:21:48] And, of course, the honest money has so much to do with it. Right? Amen to that, Heath. I think this is something we, I don't know why nobody else but us is educating people to this. And I'm not saying that gas is great. All I'm telling you is that the question becomes, have we been subsidizing gas? You know, in some ways, yes, we have. And in some ways, we have this massive gas tax. Hey, Trump, why don't you just get rid of the gas tax? Bottom line, just get rid of it.
[00:22:17] We don't need a federal gas tax in the first place. All right? And encourage states to follow suit. There's a lot that could be done that would even, in my mind, precede banning exports. There's a ton we could do. And it would back us more into the free market as we did it. Heath, that would be my recommendation. Well, I agree. I agree. The struggle that we would have with backing out of the taxes is they would have an excuse not to pave the roads, the interstates.
[00:22:46] And the local estates would have to start looking for better alternatives because asphalt-based roads are silly as can be. They only last for eight years. The contractor wants to get that contract every eight years, so he never goes to any better product. There's products out there that have lasted for 40-plus years that never have cracks in the asphalt, but no one wants to use them because it doesn't keep them busy for every eight years with a rotating job.
[00:23:13] So nothing is – everything is so short-sighted that we can't actually do anything better because everyone's stuck in this scenario of trying to make ends meet consistently, and they want the revolving door of funds to come through. And it's a struggle. So we're kind of stuck right now, if you will. We're stuck with having to deal with –
[00:23:43] And I would say we need to get rid of the gas tax because don't tell me they're using it to fix the roads. The roads have potholes everywhere. The roads are getting worse every time I drive around. Don't tell me you're using it to fix the roads because it ain't true. Well, very true. But they'd use that as an excuse to where we can't put any money towards the roads now. Like, it would just get worse and worse. And it's a struggle all around. There's no clean fix.
[00:24:09] And we're finally paying the price for kicking the can down the road for so long that now we're seeing the effects of inflation. Now we're seeing the effects of printing too many dollars. Like, this is the outcome of what we have to pay. And it hurts. It really hurts. All right, ladies and gentlemen, that is the Honest Money Report. We're in a bind because we haven't been following the Constitution. We have bogus money. Get rid of the IRS. Depend on the ERS. Get Congress to back the tariffs. And follow Trump's lead.
[00:24:39] Let's go ahead and get rid of the gas tax. That's a starting point. If you have to ban exports of diesel, do it temporarily. But let's get it done. God save our Constitutional Republic.