Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 07-16-25_WEDNESDAY_7AM_2

Episode Date: July 16, 2025

Economist Christian Briggs, CEO of Hard Asset Management, Has the Cashless Society already started? What is driving Gold and Silver Prices, Says the GENIUS ACT will pass congress and paves the way to a Central Bank Digital Currency - look out!

The Bill Myers Show podcast is sponsored by Clouser Drilling. They've been leading the way in southern Oregon well drilling for over 50 years. Find out more about them at ClouserDrilling.com. 738 and Change Christian Briggs joins me and he's the CEO of Hard Asset Management Group. Hard Asset Management Group, incorporated, also the host of the Hard Asset Money Show. Christian, where can I find the Hard asset management group? Where you go? BMC Bravo Mary Charlie BMC ham ham calm BMC ham calm or you can obviously follow me on exit BMC underscore

H a m I'm easy to find on six days. so you can't miss me. Okay, good to know. Hey, I wanted to get your take on on various issues right now. Hard assets, I would imagine then you're a fan of gold, metals, precious things like that. Would that be fair? Yeah, it's one of the largest dealers in precious metals in the world actually. One of the largest in 40 years in the business. We've never seen the demand for gold, silver, or platinum. Actually, platinum is up to 50-60% this year. There's a revival. I mean, people are buying hard assets because the paper currencies are going away. We're going to be a cashless society globally probably within five years or less. I wanted to focus in on that here in just a moment, but I'm looking at what's been going on with silver gold.

Silver just recently joined the party. It had been kind of in the doldrums for a while. But now, the last time I checked it was like $38.76 or something. I don't know. Are we on the rise still? I thought there was a little give-back yesterday. Well, the interesting thing about silver is it's a byproduct of copper and vice versa. So as the copper demand increases, silver is coming out. But what's interesting about the production of silver, it's not keeping pace with the production of gold, let's say. For example, when you look at gold's production worldwide from the new mining operations and

the new gold that comes to market from Discovery, you also have recycled. If you look at gold for the last 5,000 years, probably 99% of all the gold ever mined is still in some form of production or in people's hands. That's not the case with silver. Silver actually does get used up in a lot of processes, doesn't it? Oh correct, yeah. So silver is an interesting application. So when you look at the silver production, it's about, I'd say a billion ounces per year, but the demand is about a billion six ounces per year because what people don't realize is silver is not in the same recycled atmosphere or arena, some people like to call it because the way silver is used is it's destroyed or it's put into places

where you can't recycle it from old technology. And even new technology like alternative energy like solar and EV cars, electric vehicles, require millions and millions, hundreds of millions of ounces of silver per year. The problem is it's not cost-effective to go into those products and recycle silver. So silver is a diminishing supply, not a recycled supply. Interesting. You know, Christian, I wanted to dig into some other aspects, no pun intended about this. But is the Trump administration making it easier over time to really start more domestic mining of precious metals

and or rare earths? We only have one functioning rare earth mine in the United States right now, from what I recall. Yeah, that's a great question. So let's talk a little bit about the rare earth mine in the United States right now from what I recall? Yeah, that's a great question. So let's talk a little bit about the rare earth minerals. We, as a country, kind of dropped the ball for the last 35 years, give or take a year. China has making major inroads with partnering with developing countries that have a huge amount to deposit developing countries that have huge amounts of deposits of critical infrastructure as well as critical minerals. Those mining operations have been funded by China. In 2000, they had about 12% of the world as trading partners, give or take.

Today, they have almost 90% of the world is trading either exclusively or in a semi-exclusive manner with China. Trump is trying desperately to do what should have been done with past administrations, and that is partner with these countries, give them the kind of resources they need to be able to increase or expand economic development of both natural resources and infrastructure like ports, and then be able to extract at a major discount the value of what that investment would be in commoditized items. Like, for example, cobalt, lithium, platinum, gold, silver, these are all critical infrastructure

commodities or what I call rare earth minerals. Some people call them sustainable for life, which is true, especially in petrochemicals. So what we've done is for 35, some people argue almost 40 years, certainly since the late 70s, we've missed all the opportunities. So Trump's now trying to make it easier for everyday Americans own the commodities, precious metals and to partner with countries through either tariff negotiations or just outright investment. Because see, we extract money from people.

China invested money with people. That was the difference. We extracted it by sanctioning the dollar or weaponizing the dollar. Yeah, weaponizing the dollar. And even now, you hear President Trump and I, not that I'm happy with Russia, all right? We're going to do 100% tariff or 500% tariff on certain sort of things. Does it make you want to be even less friendly to the dollar as the reserve currency long-term? Come to think of it? Well, let's talk about that. So right now Russia is trying to defend its borders, making sure Ukraine doesn't become a NATO member or at least a NATO

allied country, no kind of is. So for whatever reason, whatever faults Putin may have, he believes what he is doing is right. But putting that aside for a second, you have to look at what, and the points you make are very good. If at some point, and this is going to be close with all these tariffs and the weaponizing of the dollar and the way we're trying to sanction people by penalizing them for not trading the dollar. Think about this. In 1970, about every day, about 75%, maybe close to the 80% of the transactions per day were in the dollar, US dollar. Today it's 48%. We're losing the reserve currency status. We've already lost it as the number one reserve currency asset. Euro is number one and gold is number two and within two years or less, based on our

financial models, gold is going to be number one. That does tell you something. That's probably why the central banks have been buying up gold hand over fist. All the world's central banks. I don't know if the United States Central Bank has been buying that up or not, but that's been driving a lot of the price increase, hasn't it? That part of it? Yeah, the first time the world's banks, the countries, when we say central banks, so your listeners understand, central banks are the centralization of the monetary policy and the holder or the printer or certainly establishes itself as the gatekeeper of the money for whatever country it is. That's what central banks, Federal Reserve is a central bank.

It's just named Federal Reserve. But think about this, if the banks, the central banks and the governments of the world are buying gold, they're not buying it because it's pretty. They're not buying it because it's shiny. They're buying it because the dollar has had the worst six months since 1971 in the history of the dollar as far as dropping in value. So they're hedging what is now perceived to be a diminishing value. An asset that has diminishing value will be dumped so quickly that it could take people

by surprise, and that's what's happening. So now you're seeing gold reflect the lack of confidence in the US dollar as a reserve currency. And that's it. Well, that's what the entire world financial system operates on though. It's about trust, right? It's about trust in whatever it is, trust in protecting the value. Now, it used to be considered that, you know, for the longest time, the dollar was considered as good as gold, right? And they would talk about it that way.

And it was used as an asset and actually bought by other countries. And that's not as much the case these days? No. And the term good as gold is because up till August 15th of 1971, we were a gold-backed currency. Nixon took us off because his chances of reelection in 1972 were dismal, we were a gold-backed currency. Nixon took us off because his chances of re-election in 1972 were dismal because we were coming into a recession. He knew the interest rates were going to start going higher, so he wanted to inflate the money supply, but he couldn't

do that because for every dollar printed, a dollar of gold would have to be purchased, and we didn't have the resources to make that same application as we were for, you know, since 32 when Roosevelt put us on the goal center. So he gets Congress and everybody with the idea, oh, let's get rid of gold. We don't need it. The dollar is secure enough. We cut a deal with OPEC for 50 years that they would never buy or sell in any other currency than dollars and oil. Well, that contract is gone for two years. Now they're worried though they're using something else. We're worried because why? Well, we should be.

The dollar is not the trusted asset anymore. Gold is a trusted asset. And let me tell you about another thing. The acceleration of a cashless society is happening so fast to a digital age. And once you go digital, it's like socialism. You cannot take it back. So eventually we'll be in a central bank digital currency environment. It may be three or four or

five years, but it will happen. Christian Briggs is with me once again and he is of course CEO of Heart Assets Management. We'll talk about that more here in just a little bit. But you're also an economist and I wanted to get a little help in understanding the Genius Act. I was half joking when before you came on, I said, well, you know, every time Congress calls something a certain act like the Patriot Act or the Genius Act, I want to flip it on its head and go, is it the stupidest thing ever done? Right? Just like the Patriot Act is not patriot. It's not a patriotic deal. Is that the case with this? Because I thought it had been passed, but apparently it got blocked yesterday and it's coming back again today. Isn't that the story? Yeah, there's three bills that'll be passed. It looks like after Trump had late-night meetings

with at least 11 or 12 of the Republican House members in order to be able to convince them that the Genius Act needs to go through with the Clarity Act, which is the merger of basically the two, and of course the anti-CBDC bill. So once those three are passed in the House, the Genius, the Clarity, and the anti-CBDC, we're going to be moving toward a cashless society within just a few years. Okay, now how can this be? Because the Trump administration ran on though we're not going to have a central bank digital currency. He said that it was a campaign promise. Sure. And on January 23rd of this year, he signed an executive order saying we're not going to have one.

The question you have to ask yourself is that in October of this year, let me just kind of make sure I clarify this and give it exactly what it needs. In October of this year, it's anticipated that the European Union, 40 countries on top of the Caribbean, China and the BRICS, which have already started to merge into digital currency. China's already got their own central bank digital currency and they're merging it into a unified monetary platform that is anticipated to launch the E-Euro and then they're all going to be interconnected through the Bank of International Settlements in Switzerland. And the e-euro being the electronic euro, right? It is electronic euro but it's a full-blown CBDC. It is a centralized

currency. Central bank digital currency, okay. In other words, kind of like a government Bitcoin, is that what we're talking about? Really? No. A Bitcoin by definition is on a decentralized ledger, a decentralized system that allows anonymity and cross-border payments without complete control. There's still some measure of surveillance, but it's very limited compared to. So once you do the CBDC, you have full control. Somebody has a lever, somebody has a key that they can then monitor, surveil, but most importantly, control the flow of the money and they can see exactly where it goes. Take Venmo. Venmo is a centralized digital currency in a sense, even though it's not

its own currency, it still runs on the same understanding that if you're starting to do things, the IRS and governments now are monitoring Venmo just like they would the CBDC. It's just a precursor. It's what programmed people to believe that something of no value of an algorithm would replace something of greater value like gold or cash. So we've been bought into the idea that this is for convenience, safety, and ultimately ease of use. Okay?

But it's not. When Venmo came out, it was already years after Bitcoin came out, you have to wonder, why was Bitcoin created? Who created it? Somebody with billions and billions and billions of dollars would have had to build that global technology, interconnect it, and that was used to condition us,

then ultimately program us to be able to use a digital algorithm as a greater store of value for trading and buying and selling than anything in the past, whether it was gold, silver, cash, or you trade a house for a house. Now fast forward, here we are, we're moving into a quasi. This is a quasi type CBDC with these three acts, even though there's an anti-CBDC. In order for us to work on the same rails or to interconnect with rails in around Europe, we're going to have to at some point in the future, whether it's six months or six years, interconnect with the

rest of the world for cross-border payment systems. And they're CBDC. They're not doing what we're doing. We're doing a hybrid version. It's still centralized and it's still monitored and surveilled, but it's done in a less format than a full-blown centralized. So eventually, we're going to get there. And when we get there and gold hits 10,000 an ounce, and that becomes the new trading

commodity to bypass digital currency, people then are going to start going, well, what just happened? Well, it's like the elephant story. If you want to eat an elephant, you do tiny bits, piece by piece, no different than the Federal Reserve in 1913, no different than the Federal Reserve in 1913, no different than the IRS in 1913 that Woodrow Wilson set up. Both were initiated to do just two things. One, maintain financial sovereignty and currency value, Federal Reserve. The IRS was used to collect small amount of taxes on the richest people in America. Fast forward, the Federal Reserve controls the entire monetary policy and all the money.

And two, the IRS taxes people up to 40% on where they were supposed to be taxed up to 3%. It was never going to go above 3%. Well, when these acts go through today, and they will go through. So you're saying the Genius Act will be passed, right? No doubt. Yeah. Yeah. As far as I know right now, from you're saying the Genius Act will be passed, right? No doubt. Yeah. As far as I know right now, from my sources, the Genius Act, the Clarity Act, and the Anti-CBDC Act will pass. Eventually, no different, whether it's two years or 20 years, we will ultimately all

become, as Dibbukle said, a new world order, one world government, one world currency, and a serial number will be used to buy and sell. But take this one last part. In the last 15 years in South America, gold has gone from zero trading, in other words, it's usually as a currency, to somewhere around 40, even over 40% of transactions in South America, they're trading gold. They're not using local currencies anymore. They're not using digital. They're not using anything. Why? Because gold is gold.

Gold is cash. And so you're going to see more and more trading in gold as an alternative than digital currencies, at least by some measure, not completely. The masses will still go digital, but there'll be an underlying class of people that don't want to be monitored, nor do they want to be controlled or one morning wake up and their wallet is frozen, their digital wallet with all their money is frozen. Okay, that's what I wanted to ask about. This is the danger of the central bank digital currency because essentially it is programmable money. And programmable money meaning that central authority can turn your money on or more importantly turn your money off right if

they don't like you in other words your your money can in essence be frozen and or disappeared well that's the genius act that's a clarity act and even though they're saying it's anti CBDC act is going to go with it make no mistake about it Trump is a man of the highest integrity and moral character the two authors of the Senate, Bill, Genius Act was passed, which is Senator Tim Scott, Senator Bill Hagerty, again, highest integrity, highest character.

You could trust them with your kids. However, they're not gonna be around forever, nor is Trump. Look at the Biden administration, probably the most corrupt administration in the history of the United States. And during that period, Biden executed executed executive order to and to

Accelerate the development of a CBDC. Okay. Now once you go digital, you can't go back. You can flip this leverage Okay, the leverage is basically the administration on the Republican side conservative values and you flip that over to a different administration Like another by the administration. It's a lever. You just got to flip the switch. Maybe some programming, maybe a little legislation, but when they control the Congress, make no mistake, the digital infrastructure will now be in place. All they have to do is make a few changes and it's fully centralized. Now, why do we have to pass the Genius Act though? Why is there such a hurry up past the Genius Act and the central bank digital such a hurry up past the Genius Act and the central bank digital currency, crypto friendliness, all that kind of stuff? Why is that

such a big deal? You know, Bill, that is a fabulous question. We've been asking that ourselves. Why are we in such a rush? Why don't we just buy gold and back the paper dollar? Well, how many crypto investors are in there in the world that may have supported various politicians? That's one way. I've got that. I got that yesterday. And I said, I have no idea, but I'm sure it's a lot. How much crypto do the people around Trump or everybody or around the world have? How much influence do they have? Think about this, $5 billion a year, almost 50% of the advertisers of advertising dollars on just three major networks, CNN, MSNBC, and one other, just one major industry pays up to

50% of it, and that's the pharmaceutical company. You think they have leverage? Sure. So does the crypto industry, which is a three trillion dollar industry now have leverage Think about that, you know, in other words the the industry is leveraging up and we're going to We're going to get our way good and hard. Is that the implication you're having here? No, I think that the the intent is to be able to maintain the consistency of the 21st, 20th, going into the new, even the 22nd century of the way things are starting to move. However, we're fast-tracking it so fast in order to beat other people to the punch that

are we going too fast that we're misstepping on some of the logistics and understanding of the complexity of what we're doing. In other words, it's kind of like socialism. You know, Venezuela in 99 was all about it. Oh, it sounds great. It's wonderful they pushed Chavez right to the top. He gets in two years later. Venezuela is a disaster.

50% inflation per month. So the question is, are we buying into something that sounds really good, or are we buying into something that's absolutely critical to stay competitive to keep us from defaulting on the debt? And that's the question. Maybe it's a little bit of both. Maybe we have to do this in order to stabilize the currency, stabilize our treasury so we don't default because rates are way too high.

I can't disagree with Trump. I think we're at least 50 basis points too high on the Fed fund rate. And I maybe even think so. You think so? You think so? Because when I look at the at the balance sheet of the United States right now, I think that the the interest rates are low, relatively speaking, given the risk long term. Maybe I'm wrong about that.

No, no, you're absolutely right. You're absolutely right. The rates are competitively low, given the state of our of our balance sheet. But the rates are too high low, given the state of our balance sheet, but the rates are too high in the mortgage. 22% of the economy is building, right? With the residential, commercial, multifamily, single family. So we have to lower the mortgage rates in order to have sustainable growth in the GDP

and the housing market. So from that standpoint, it's too high. But no, I'm very surprised we're not at 6% on the 30-year because investors around the world are looking at our balance sheet going, yeah, this isn't good. And quite honestly, you can't pay it all back. The only way to pay any of it down is either revalue or devalue the currency, which is probably what's going to happen because it's already happening now. Is that what going to a central bank digital currency, even though we're told we're not going to have one, but you say it's just an inevitability is

what I'm hearing. Is that right, Christian? 100%. It's a divinely principled, it's in the Bible. I mean, we're going to go to a new world order. But you first, in order to get there, get to socialism, you have to have a certain level of discomfort in the economy and discomfort with the people. And then you got to tell them a story that sounds so wonderful that they... here's a definition of communism. The definition of communism by my standard is this. Getting the people to believe the unbelievable is believable so whenever you tell them is believable and if you tell them socialism is better than capitalism and far more of better opportunities

once they become programmed. And remember, when the CIA funded some of the early TV networks, the reason why they call them TV programs, television was the mechanism to deliver what? The programming. Yeah. The program people. So now we're programming people to believe that digital currency is the only way to transact, to be competitive, when gold and the rest of the world is telling everybody,

no, it's gold. If gold has never moved in this direction, this aggressively, and being bought by government, not people of the private sector, but government, because they know the collapse of paper currency is going to continue and the one that's leading the... I mean, look at the dollar. Go look at the chart. It's been a disaster this year. Do you see, Christian, then gold, silver, other precious metals, let's say, ending up being almost the underground currency in a CBDC world? Oh, it has been for 5,000 years.

Tell me anywhere you go in the world that announced the gold can't be priced within an hour and figured out where to take it at what price. Yeah, maybe you pay an extra 2 or 3% commission for selling it, but it's liquid. There's nothing more liquid than gold. And I'll take it a step further. It's not just the precious metals that are accelerating. If you look at the rare antiquities markets, just last week, if you look at the cover of Forbes magazine online, there was a purse that sold a purse.

Now I'm sure it was pretty, I'm sure it was really wonderful, but it wasn't that old and it brought $10 million. A Birkin purse brought $10 million. Now, who would pay $10 million? Well, somebody who believes that that purse has greater value than the 10 million dollars that they traded for it. And that's what's happening in rare cars, rare coins, rare art, rare antiquities. In the last three years, even though the prices are starting now, just now, it's starting to really reflect it. It takes about a year or two for those prices to move aggressively across the entire ecosystem of the commodity that is being bought, it

has gone really crazy. And we're expecting even prices to be up another 20, 30 percent next year as gold continues to move up. But smart money has been buying rare items or commodities like gold because it's becoming rare and rare. If it wasn't, it wouldn't be going up in value. What kind of life... Now, let me put it this way,

Christian, I'm trying to formulate this correctly, but how does our life as conventional Americans, regular schmoes, we go to work, we get our Social Security check, you know, or you know, the deposit in our bank, how does our life change under what you say, even though they say there's not going to be a central bank digital currency, you say you can't believe it, the underpinnings, the structure is being put in place right now. The Genius Act, which will likely pass today, is part of that. How does our life change on a daily basis? What's different? Well, probably nothing that is different than today, but as time moves on,

Probably nothing that is different than today, but as time moves on, once you start to centralize all the power, there's only three things in everyday life that has equal of one-third control in our life. One is healthcare. Okay? If they control the healthcare through a digital app and then they do socialized medicine, and you may wait two or three years to see the doctor, that's one. Well, that's kind of where we're going now. The ACA, Affordable Care Act, was intended to collapse the private insurance industry into a single-payer

option. And it seems like it's been quite successful at doing that. It's on its last legs. Sure. It's on its last legs. Yeah, in fact, it's lasted years longer than even Obama thought. Obama thought it was a 10-year at best, and he was going to have his socialized communist-style method of madness in healthcare. But we're going to get there anyway. It's going to collapse no matter what. Two, electric vehicles and alternative energy sources are just nothing but communism because

where you can't take a gas-powered car and just flip a switch and turn it off, you sure as heck can on an electric vehicle. There's nothing about climate change that's real. It's a hoax. And number two, there's nothing about sustainable long-term alternative energy growth because it takes 100 barrels of oil to make a Tesla. It takes one barrel of oil to make a Ford F-150 truck. Now you tell me which one's more efficient.

You can't recycle the batteries. After eight to 10 years, electric batteries are worthless. You can't recycle them. There's going to be lithium deposits by the billions of tons over the next decade and it's going to contaminate the soil. And the third thing after transportation app, which is all digital electric, is going to be the electric payment system. We're moving there. Whether you like it or not, it's one of those subtle things that people say, well it's not really going to happen here. No, it can't happen here. We're moving there. Whether you like it or not, it's one of those subtle things that people say, well, it's not really going to happen here. No, it can't happen here. We're more socialist of a country now than any time in history. Go to California. See how that works out at 64% tax

rates with their state income tax at 14%. See how the regulatory environment allows you to even buy a business, build a business, start one. It can take up to three years to get a permit to build a house. Are you then implying that Christian, Christian Briggs once again, economist here, are you implying then or intimating then that President Trump, despite his best efforts, is likely a speed bump? It's one of those things where if you believe in the Biblical principles of what is coming, everybody is utilized in such a way, okay? Right?

They always say, we don't shape our destiny, the will of God does it. So when you look at this, the intent is to stave off two things. These acts are here to be competitive. It really is being about shoring up the dollar's value, one, to surely stabilize it. But the biggest thing is to show strength in short-term Treasuries and lower those rates organically. If the Fed's not going to cut rates, and if they do, I think the dollar would collapse. I think interest rates would skyrocket. I agree with Jamie Dimon completely or Deutsche Bank, which came up the other day and said the same thing that I've been saying for years, and that is if the Federal Reserve was to cut rates,

certainly if they remove Powell and they put a person in there, which I've heard today that there is talk that his resignation or his firing, which I'm not sure you can do with Supreme Court's ruling, but let's say you could and he's removed, Donald Powell that is, removed, Deutsche Bank said the bond market would collapse, interest rates would skyrocket. And good luck at getting the $37 trillion refinanced at a reasonable rate, right? Well, yeah, we're financing right now $9.3 trillion, between, I think it was beginning of June, sometime in June, to the end of the year that came due, it, being rolled over. So we're borrowing a trillion and a half to two trillion dollars a month in theory by rollover plus new debt.

Yeah, and President Trump is obviously trying to thread a very narrow economic needle. Would you agree with me on that much? Yeah, he's doing something that I would have done it the same way he's doing it, because what he's trying to do is to increase the GDP so aggressively that we get to $6 trillion in revenues and we cut that deficit spending. But that's the problem. Right now we're going to spend under the real number this year. Well, I'm going to just do the calendar year versus the fiscal year versus the government

year. But we're going to probably spend about $7.4 trillion this year on whatever's needed in the government. Our revenues this year are going to be about $5.18 trillion this year on whatever is needed in the government. Our revenues this year are going to be about $5.18, I'm guessing, somewhere in that neighborhood. It'll be $5.2 if the GDP starts to really show activity off the BBB bill in the fourth quarter. But here's what you got to measure. Going back to your original question, the Genius Act, its number one goal is to stay competitive in the evolution of digital asset tokenization.

That's what it is. It's all assets are being tokenized. A digital dollar is a token. So it's all being tokenized. It's to stay competitive. And I agree with that. But the problem is once you go do that, and once you go down that slippery slope, you will not go back.

So the question is, who is the person that's going to flip the switch one day and go from decentralized system to centralized? Because the infrastructure is already there. So Trump's not in... Yeah, the infrastructure is there. It's not Trump flipping the switch to the CBDC. It's the next guy or the next woman. Somebody will definitely flip the switch. Trump is a man of the highest integrity. He's a man of faith, and he knows what he's doing. But in order to hold off on a default or some measure of a, I call it the run on the bank, if you will, and rights to keep them somewhat stable, the idea was to come up with this, a stable coin that would track the dollar, offer short term treasury support, which is great. And then by that

point, try to lower interest rates by increasing the demand of treasuries that are backed by a stablecoin that people would want to buy. Now, the thing is, are you going to buy a stablecoin which doesn't pay interest rates? Or would you rather pay the Treasuries that pay four, four and a half, five percent of the thirty? So the question is, will the stablecoin be purchased? We don't know that yet. So this is an experiment that's bigger than when Edison invented the light bulb and Ben Franklin determined there is the single thing as electricity. Christian Briggs, I really appreciate the talk.

I'm out of time at this point. I'd like to bring you back for another go-around on this one. You have a white paper out on this particular act, the Genius Act, which will likely be passing today, and the warnings here. And can you get a copy of that on the website where do you go and where can people go to find out more about you if if they if they want to get a copy of my latest white paper I'm happy to do it all they have to do is go on our website they can either call or fill out a little form or the easiest way is just email us at sales.

Actually, you know what? Make it info. It'll be easier. Info at info, info at bmcham.com. Just email us and we'll have you to send you a copy of it. And then people can kind of look at the pros and cons. Look, what Trump's doing is right. We need it today.

What Bill Haggerty and Tim Scott came up with in the Genius Act is right. We need it today. The question is, is who's going to be the gatekeeper in three to five years? Okay, that's it. And so it's a short-term gain, a long-term problem in the making. Could be. Or if we have another Republican president in 28, it maintains consistency of what it is today. But ultimately, as anybody knows, in order to do business, you've got to be in the same place to do business as your partners or your customers in Europe and the rest of the world. They're centralizing everything. Now the question is, can we then not move that direction and hold off? All right.

Economist Christian Briggs, he's the CEO of Hard Asset Management. I will get all your information up on KMED.com. Christian, great talk. I spent more time with you than I thought we were going to. But when you end up going down this rabbit hole on the money and when there was... and I was kind of concerned when I heard all this, hurry up, we got to pass this, we got to pass this, and we got to pass it now, we can't ask too many questions here. I always get a little bit concerned. And from what you're describing, we understand why there may be a concern, but we have to deal with the reality that it is coming. Okay? I guess that's our bottom line, ultimately. Correct. All right. Correct. Christian, thanks so much for being on

the show. We'll have you back. Take care. Okay. Thank you, Bill. Thank you, buddy. Bye. This is KMED, KMED HD1, Eagle Point, Medford, KP, XG, Grants Pass. That was pretty meaty stuff, let me tell you.