What's On Your Mind

Markets, Metals, and Mayors of the Mind (10/21/25)


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Political and Social Commentary The episode of "What's On Your Mind" kicks off with the host questioning his producer about the strategy for dealing with protesters at the "No Kings rally" to prevent them from distracting the show. He expresses a belief that the protesters suffer from "Trump derangement syndrome" (TDS) and sincerely prays for them. The host worries about the sign "8647" displayed by an acquaintance at the rally, questioning if it's "a little bridge too far" for a peaceful protest and alluding to a dark, potentially violent meaning. The host also addresses a combative caller, "Daryl," who criticizes President Trump's "America-first" policies, specifically a $40 billion deal with Argentina and a NATO Article 5-like guarantee for Qatar. The host defends these actions as "3-D chess" aimed at countering China and Russia. However, he is critical of the beef-related part of the Argentina deal, siding with farmers and senators like Kevin Cramer and Chuck Grassley who believe it disadvantages US agriculture. Economic and Financial Insights The show welcomes David Fisher, CEO of Landmark Capital, to discuss the economy. Fisher calms fears of an impending 2008-style financial crisis resulting from recent challenges in regional banks and the auto industry. He advises listeners to "relax" but anticipates a possible market correction of up to $10%$. Fisher reports significant gains in precious metals, noting that silver is up $80%$ and gold is up $62%$ year-to-date. He suggests that the rally is "just starting," citing the fact that central banks now own more gold than US Treasuries—a situation that preceded a major gold rally in the 1970s. He mentions predictions of gold reaching $5,000 to $10,000. He also reveals a "dramatic lack" of physical silver, causing a market squeeze. North Dakota Economy and Vision Brian Krashus, the North Dakota State Tax Commissioner, provides an update on the state's finances, noting a softening of collections due to less favorable pricing for most agricultural commodities and crude oil. Krashus rates his level of concern at a "three" on a scale of ten, but emphasizes the need to look beyond the current "bushel-barrel economy." Krashus shares exciting data on the potential of CO2 Enhanced Oil Recovery (EOR), which could generate an incremental $3 billion to nearly $9 billion in revenue for North Dakota over a decade. The host speculates that this revenue, combined with the power needs of data centers and "intelligence factories," could make the…
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What's On Your MindBy The Flag - AM 1100 and FM 92.3

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