So it's easy to read a headline like this about the Saudi Arabians getting out
of the petro dollar agreement with the United States and to go, that's it.
Now, she all done. And it's fun to do that, right,
It's fun to say she all done because then you get clicks. But
is it the big deal that a lot of people feel it is. We're
gonna talk with Zach Abraham, chief investment officer bull Or Capital Management about that
and about something he says, once seen, can't be unseen, and that
is how the international monetary system actually works. Talk about this with the help
of God Almighty. Thank you, Lord for making this possible. And thank
you too, you for subscribing to our YouTube channel which is finally finally having
some life breathed into it. That is YouTube dot Com slash at the Todd
Herman Show. The Todd Herman Show is one disapproved by big pharma, technocurrats
and tyrants everywhere. No from the high mountains of Free America. Here's the
Emerald City exile God her Man. Today is a day the Lord has made
in These are the time so which God is the saded, we shall live.
It's a wise Council day. We're in the wise council shirts. That's
what this is named. It sits in a it's it's an especial sealed locker
for days that mister Abraham joins us and then he decides when he'll have his
people. Okay, it make sure that the welcome back brother, oh man.
Whenever I hear you make jokes like that, there's two things that go
through my mind. Hey, I wish it. Yeah, I hope.
I hope that at one day I'm in a position to to be able to
afford such luxuries, and then then the other. The other idea in my
mind is if you ever hear me actually doing something like that, slabby,
oh gosh, I will never I'll never forget the time that I was in
a I was at a meeting where the great man Mitch McConnell attended, and
so we back in the day reluctantly, reluctantly. My partner didn't have a
big problem with McConnell. He was sort of the fifty one percent is better
than forty nine percent Republican. He's sense changed by the way. He's had
a big awakening of oh no, no, no no. So we were
in this meeting where the Great Man was going to make an appearance for about
fifteen minutes to hear our plans and what we're doing to try to help him
in re election. And before he came in, a lady came in and
said, where's the senator sitting? Wherever the senator wants to sit? Okay,
hold on a second. She looks around the room, All right,
let's have the senator here, and then she brings in a bottle of water,
sets it down and looks at it and goes back and like moves it
into a little tiny different position, sits in the chair, gets up,
grabs another chair, switches it out. So wow, yeah, I know,
Wow, I know. When the great Man comes in, she is
walking in and saying, Senator, you remember Jason Campbell, you met him
in and this is uh Cyrus Crone. You remember Cyrus and Todd Herman.
You remember Todd Herman with crowd verb not to make your chicken in the pot.
And he never met me. What did he say? What was that?
I just that's my Mitch McConnell impression. People don't care about. So
fish, you really have a chicken in the pot, double chicken? I
think so that's that's just that's my miss McConn. And he doesn't plush plush
blood plashed you again. I'm like, you've diver met me. Your advanced
person is wrong. She pulls the seat out and if she sits down,
I see her eyeball in his water, like, oh, it's that within
reach? Is that within reach? So you think I'm joking about people?
Your people? Dude, there are people who get treated that way. Oh
I know, I know, you know. You know what's funny? Is
uh? I think that any I think that any time you have people that
you know directly report to you or answer to you right either either through management
or ownership of a business, and then any type of really any type of
media exposure. It doesn't take a lot, but I think that I think
that you have to actively start making sure that you know it's just it's easy,
it's you. You, you deal with it too. I don't think
you and I have ever had this discussion, but you have to have people
in your life that will tell you like it is, oh gosh, yes,
And because is the minute you get that you know that managerial position or
that ownership position, or you know, really any level of media attention,
regardless of what it is. People around you, for the most part,
really aren't incentivized to tell you what you don't want to hear unless you unless
you incentivize them to do it. You know, and I can see I
hope I would never get there, but you can see how it would happen
just over time. You know, you just kind of start, I don't
get you get used to it, right, and you quit paying attention.
Right. One of the wise things that the softed back in the day that
start Microsoft is they had anonymous managerial reviews. Oh that's a good idea,
right, so, and we have a big team. I mean the numbers
were significant. Then the bosses had to present their own results in front of
a team and talk about their plans to improve in areas where they were deficient
and love that. Yeah, I mean it was really really good idea.
I'll use this technique for myself that I think we as family should use.
And it is this that you know, the fruit of the spirit, patience,
kindness, temperance, self control, long suffering, and then love,
Biblical love is you know, never boasting their proud, seeking the server that
then be served not angry, right, those things. I like to create
a chart one line horizontal, one line vertical, and think about around whom
do I feel or observe acts of love and around whom do I feel the
fruit of the spirit. I think we as families would do a good job
to take that as an almost a KPI, a key performance indicator of absolute
family health, right that, and ask everybody in the family, almost anonymously,
here's the chart. Do you see acts of love? Do you feel
the fruit of the spirit? And then to sit down and say, these
are our KPIs as a family, keep performance indicators. Yeah, and you
know it doesn't take long, right, Like it's it's funny you you bring
that up, because the older I've gotten that was like a song of saying
in Sunday School and all the fruit and spirit and all that kind of stuff.
The older I've gotten, though, man, the more I have seen
that present in other people, and the more I've seen it in myself.
Meaning I had a moment probably not too long ago, maybe three or four
weeks ago where and I'm forgetting what it was, but anyway, it wasn't
a nice thought if I remember something getting quick angry at something, you know,
anyway, just something lost my cool or oh I remember what it was.
I'm not going to talk about it. Though I lost I lost my
cool on somebody didn't didn't didn't didn't lose my cool in terms of like put
myself in legal liability or say anything that I would be embarrassed at public.
But just said some really biting, cutting things. And it a while and
I checked myself and I went, you know what, man, you haven't
been on your devotions as religiously as you could be. And I just went,
there's space there and you haven't felt that feeling in a long time.
Where did that come from? Oh? Oh there, there it is.
And then the flip side is I think it's much easier to see. Have
you seen that interview with Tucker Carlson and the president of is it Equador?
Is it Ecuador? Yeah? Yeah, it got like five seven minutes into
that interview and I was just listening to the guy talk and I went,
is this guy a believer? Right? Like? And it was. My
wife was like, how did you know that? And I go, it
was the humility in which he talked like it was just abnormal. You know,
you just know it when you see it you know anyway, go to
the spirit man. I it's the most key indicator. Yeah, me too,
I do too. I want to because you sort of mention the international
situation. I need to ask you about this Petro dollar thing. This is
freaking a lot of people out. So we'll have that discussion in just a
second. Zach played college football and did you guys when you into two days,
did they let you drink water? Oh? Yeah, okay, yeah,
this is actually true. We were doing we were doing two days once
in high school and they called time for water. Okay, water, and
we'd been taking a knee listening to coach, and one of our guys got
up and sprinted to the water thing to be first there. So coach kicked
it over. You got to be first even for water. No water,
And I remember as a kid going, Okay, this can't be all that
good that we're not going to have water on our second work end of the
day. We're using a product here that I'm gonna send you some of this.
I need you to try this in the gym. It's called Native Path
hydrate. So this is it comes from the people who made Native path krill,
which just blew my mind. It got me out of the world of
iberprof and I don't eat iyberprofen anymore. Native path hydrate is zero sugar electrolyte.
It has not fourteen vitamins and minerals key ones, all nine essential amino
acids, two thousand milligrams of branch chain amino acids. And this comes in
one scoop. One thing about the scoops. They're insanely flavorful, very good
flavor, but they are dense. So make sure that you really shake these
things up. In fact, add a little ice to this. Now you
can listen to this and go okay. So Zach, he's a gym hound
Hermann. You're always in the gym, you're always Sweating's so good for you
that you drink this stuff. Here's the deal. Seventy five percent of Americans,
seventy five percent of everybody watching and or listening, is chronically dehydrated.
That can tap your kidneys, make your kidneys get nutty. It can screw
up your heart, your minds, your rest, et cetera, sleep capacity,
ability to regulate body temperature. So just drinking waterloa is not going to
get that done. So here's what you do. You go to native hydrate
dot com and slash tod. That's native hydrate dot com slash tod. You
get up to forty four percent off with thisay today though you got to do
that today native hydrate dot com slash tod and when you do that again,
up to forty four percent off in this hydration boosting power. Don't think it's
just for people like me and Zach hang out a lot in Jim's working out.
It's for people seventy five percent of us who are chronically chronically dehydrated.
So, Zach, there is this decoupling Saudi Arabia has done apparently from this
Petro dollar. And I got text from people saying that's it. It's all
over. So what's actually going on? Okay, So there's some This is
one of these tough topics because usually people do not believe it or buy into
it or accept it for a very extended period of time. Why that is,
I do not know, Okay, but I grew up in this environment.
So my grandfather wrote a very prominent investment newsletter, and he was very
involved in politics. As a matter of fact, he was a lead speech
writer for multiple Republican candidates for president, and he was leader of the Western
States of the John Hopkins Society, and one of the things he would go
around doing is warning people in the seventies and early eighties about the coming collapse
of the dollar, right and based on our soaring debt and all these other
kind of things. I remember finding a shoe box when I was a kid
in my parents, in my parents' closet that was full of nickels and quarters,
you know, just because we had to buy the real silver ones because
silver was going to go up a lot in price, knock and stuff.
So obviously, that collapse of the dollar never came, and I had spent
an inordinate amount of time because I was extraordinarily flustered with the fact that the
dollar was not dropping significantly post eight or nine, right when they started quantitative
easing. I remember sitting there going, Okay, that's it's it's came over.
And what I started to realize is that I need to understand the system
that the dollar operates in, as opposed to just understanding the dollar itself as
a concept or like any other piece of money. Right, Because the reasoning
behind when people say that there's something very visceral and something very attractive about that
logic, because it's very sound and it's very simple. Right, If these
people are producing all this money, and they're printing all this money, and
there's all this debt, the currency trades on four X systems all around the
world and or for X exchanges all around the world, and that will make
the dollar less desired, right, and so people will begin to sell their
dollars to buy gold, they will sell their dollars to buy euros, they
will sell their dollars to buy yen because our currency is less desirable. Okay,
The vast majority of people getting the dollar, and by vast majority,
you know, I don't, but the vast majority of people using the dollar
or accessing the dollar on a daily basis from not doing it because of desirability.
They're doing it because they have to. Okay, so let's pause there.
This is so important. Understand. This is something that Microsoft didn't understand
that it costs them a whole probably six seven, eight years of growth and
value. They'd set up a system where people didn't want windows, but they
had to have it. That was what was at work, that was what
was in the office. People had to have this. They didn't understand that
there was this change coming where that was no longer going to be the case.
The BYOD bring your own device. Microsoft swore that would never happen up
and down. No one's ever going to let that in a corporate network.
No one's ever going to let people bring their own phones. No one's ever
going to let that happen. Wow. Right, And I remember meeting after
meeting after meeting, having this preach to us that's never going to happen,
and no, it is going to happen, you guys. And I used
to say, wait, you guys are the ones who helped define More's law,
and you also defined this for battery capacity. Do you don't think the
same thing is for security and usability? So I wanted just to make that
point that dollar is used by necessity, not choice, and yet there's all
these choices being set up like these other dollars and other methods. Yeah.
So the and the best way to think about it is, well, so
first and foremost you've brought this up to if we're going to look at any
currency or any do you know, any any debt scenario involving a sovereign government
or anything like that, we really have to put things in context, and
whether you like it or not, we can talk about the aft balance sheet
liabilities and there are many and your numbers are accurate as I understand them,
and I'm with you one hundred percent. But if we play that game,
we also have to calculate the off balance sheet assets. Okay, so when
we're thinking about this, let's start thinking about what the Mississippi River is worth.
Right, Let's start thinking about okay, right, what what? What
the Midwest is worth? And what? And look, I am not you,
guys, if anybody's heard me talk about this. In no way am
I making excuses for the reckless spending. But I'm saying we need we do
need to put it in context. And like I've said many other times too,
eventually the dollar will collapse, but that will be a policy decision,
right, Yeah, It's not going to be this long, out extended road
to misery. And the reason why is because when you look at America's asset
base, whatever issue that we are struggling from, we have the natural assets
and the natural capacity to overcome that if we start making good policy decisions,
right, And I think the simplest way to put that is, we are
the only net exporter of energy and food. Now, ironically, if you
look at all of our policy decisions, they directly threaten that position is being
a lead producer or net exporter of energy and food. Right, people go,
what do you mean, Zach, And I'm like, if you see
anybody making our energy system less efficient or our grids less efficient, that threatens
everything, including our capacity and ability to generate power and our ability to generate
and grow food. Okay, so those are all are all intertwined. Right,
But then getting back to the dollar specifically, what what I started to
look at is I need to think bigger. There's something going on here.
This currency clearly isn't being valued on the market like other assets that I'm used
to dealing with. Right, I've got to quit. There's a you know,
I'm watching the debt go up like this post eight oh nine, and
nothing's happening. That starts buying bonds with printed money. Nothing's happening, the
dollar's not dropping. What's going on? So that led me to really dig
into things. And it takes you all the way back and I've mentioned this
before, but it takes you all the way back to post World War two.
So, thank goodness, back then politicians learned from mistakes, and they
learned from the mistake they made post World War One. After World War One,
they effectively laid the entire cost of the world of the war onto the
backs of the German people. Right, that was like the that was the
you know, that was the punishment, right and and and look on the
face of it that it feels like the right thing to do, so you
know, I get it. Well, what ended up happening is that decision
led directly to Hitler going into coming into power because it led to the hyper
inflation. Their economy was shot. They had no ability to create and process
goods that would enable them to generate tax revenue which would enable them to pay
that down that debt. So Germany just started printing the money. And that's
where the term the Vymar Republic came from, right, or that's what it
was called at that point, the Ymar Republic and the hyper inflation that ensued
in the twenties. So Hitler comes to power in direct response to that currency
degradation. And then the world learned after World War two, wait a second,
We've got to do this in a smarter way. So they looked around
and the United States was the only major economy that was still functioning right,
that still had infrastructure in place, it still had the ability to produce things.
So that's when they developed the Marshall Plan. They said, Okay,
we're going to have the United States rebuild Europe on the back of the dollar
so we don't hyperinflate anybody else's currency. And then they're like, well what
about the dollar, and they go, the dollar is going to be the
one currency that in order to trade across assets and internationally, all trades in
all goods must be settled in US dollars. So if you wanted to transact
globally, you had to do it via US dollars, and to this day
you still do. And so what that does is it just puts an automatic
bid, no matter what the government is doing or how irresponse to it may
be. You've got people all over the world, unlike any other currency,
that are accessing the dollar every single day because they have to. Okay,
right, this goes I don't want to interrupt your flow because I'm learning a
bunch. I want to just point out this goes right back to my Microsoft
metaphor. Here's how Microsoft did things that would end any other company. They
shipped Windows and T network and member and everything was going to the network,
right, everything was going to be this connected network. They shipped the first
version of that without print drivers. So you was it just an oversight?
Was it just an oversight or what? Yeah, it's there's so many there's
if you look at the history of tech, there's so many things that should
have destroyed companies. Like I think his name is Mitch Kapor. He invented
the spreadsheet, and Apple bought it from him. Spreadsheet. I mean,
imagine doing your job without a spreadsheet. There was a time and that was
all done on paper. So Apple buys this from him, and this is
why people were buying the early Macintoshes. They would go to the store.
So there's the Microsoft, the Macintosh. Which one do you want the one
with the spreadsheet? Believe it or not. I want the one with a
spreadsheet. Oh okay small business owners. That's why almost all small business owners
had a mac right, yeah, I want the one with the spreadsheet.
So of course Microsoft is looking at this going wow, okay, we need
a spread sheet, and their lawyers are going okay, well, look there's
a patent on this and then the lawyers went and dug through it and like,
actually no, so Steve Jobs team called. I think it's Mitchigapor.
I could be forgetting the last name, but I think I met this guy
and asked one day about this. They call him, Hey, Mitch,
you know about the whole spreadsheet thing we bought from you, could you go
ahead and send the patent paperwork the what not patent? They didn't patent it,
so the entire thing could be just oh, okay, we'll do that
too, no patent. Micro was this guy. He's a genius? Oh
is he one of those guys who just I didn't think about patenting it.
I just forgot that part. And in the case of the Microsoft Inta getting
shipped, oh print drivers, that's right, because this is all about network
printers. So they had to come back and go, oh, okay,
hold on, let's in our case. They had that momentum. All of
that didn't matter until it came to all of a sudden the phones, and
all of a sudden there was this new market phones. Microsoft thought we could
use a momentum in this. And I'll never forget this conversation. I will
never to the day I die forget this conversation. I was on a team
that had an piece of IP that note this. It was called a thumb
driven user interface, a zooming user interface. Thumb driven, so instead of
a stylus picking up a stylus and pointing at a device, you'd use your
thumb and the interface zoomed in and out. And my job was to create
a business model for this. So I created something we called applets, so
we called them lifestyle centric applets. Some you bought, some that came for
free with advertisers. We had advertisers lined up for this. We tested that
software in the Silicon Valley testing lab and at that time it was the only
one that ever came back with one hundred percent usability likability score. And this
had nothing to do with me, they said, they do with a great
genius named John san Giovanni, and John and his team, they designed this
that comes back with one hundred percent usability, meaning people enjoy using it the
second they picked it up. They could use it. They didn't have to
be told how to use it. They enjoyed using it. We sat down
with the guy who ran mobile at the time, one of the chief dudes
who ran Mobile. He said the following guys, Congratulations in this great piece
of software. Hey, you know, I really liked a business model.
I think this could do really well, but we're not going to adopt it.
Why because the start button defines Microsoft. It always will define Microsoft.
It's never going to change. And I was one of the people who invented
it, and I said to him, are you open to feedback about that?
It goes yes, but my decision has been made. Okay. I
just want to make sure I understand your intention. You are telling me that
people are going to continue to pull a tiny little stylus out of their phone,
hold it to their face, and tap tap tap to get what they
want, versus one hand swiping through a zooming user interface. They are because
that's all we're going to ship. That's BlackBerry type thinking right there, dude,
So Zach, you're giving us this unbelievably important lesson about the viiymar Republic.
It's this now necessity that organizations use the dollar. We operate in this
international monetary system. Are we not at risk of the bitcoins or something else
becoming that iPhone that none of us think can happen? Or is it the
fact that we have a big, huge army and nuclear weapons. That means
it's not going to happen. I mean, look, it is going to
happen, right, It's it's a matter of so there is going to be
a new device for payment. Yeah, well, like yes, and one
of the primary drivers of it will be imperialist, in my opinion, imperialistic
type actions you currently see from our government like you see in Ukraine right now,
yep, right, meaning you know that intervention. The fact that for
this issue, I don't like Putin and I'm not even like in Tucker Carlson's
camp on this. I think Putin is a complete scumbag. I think it
makes sense to have communication with him. But I'm not saying this from some
weird like pro Russian far you know. I know there's and look, I'm
not saying that that's good or bad. Okay, I'm not saying that that
will end up being correct or not. What I'm saying is, I'm if
you take both extremes of the Ukraine Russian issue, I'm pretty much right in
the middle, meaning I you know, I don't think that we should be
involved anywhere like we are. But anyway, my point to this is I
don't have an ax grind against Putin. I'm also not an apologist, but
when you look at what them banning him effectively from the international monetary system,
you know everybody took notice and went, whoa, it's it's It looks you
had the same kind of impact on the international monetary and economic system that you're
seeing right now in New York regarding Trump's convictions. Right, it's whoa.
Okay, if we're going to do business in New York, we need to
develop another exchange in Texas, we need to develop some contingency plans because you
just changed the rules, right, and the international response that has been the
same way. But so getting back to why it has not happened yet is
everybody needs to accept. And again I don't know why, but this usually
takes a while for people to wrap their head around. The dollar isn't going
anywhere, and it has nothing to do excuse me, cod it, thank
you, sir. And it has nothing to do with its inherent goodness or
value. It has to do with the fact that if you want to trade
goods or exchanges on an international basis, you've got to do it in US
dollars. So unlike every other currency out there in the world, the US
dollar underlies virtually every single trade. And then a process that has still it
may have peaked. It doesn't look like yet in the data, but in
a process that's been playing out post eighth nine. Guess what, and increasingly
so, guess what by a by a huge number. What currency is the
vast majority of debt in the world monetized in? Right? What? What?
What do you think it is? According to a text message, I
got it's gift cards from Amazon. But this guy he's in Ethiopia and he
said he's like the son of a prince or something. But he's having trouble
with gration. So I'm gonna get Maybe I didn't you he got a hold
of you too. I've got I got ten mil in the mail company should
be running dead. Yeah. I was starting to get a phone call with
him, but someone else answered. It's so weird. It's something a call
center. Weird. Are you going to tell me the US dollar is what
it is monetized in? Yeah? And so and so what so? What
does that do? Right? Every month? What do you have to do
with debt? You got to pay a service fee or you got to pay
a fee. Right, So, I mean the more debt that is denominated
out there in US dollars, the more the demand for dollars increases. Now
here's the cas this is it's we know okay, No, I'm starting to
understand something. This accident of history of World War two, of of oh
well, let's pay with dollars has allowed our country to become evil and stupid
and corrupt. And it's this self feeding mechanism. Yes, and this is
what I meant, and I and I should have I should have dug into
this deeper because I thought I had communicated that. But this is what I
meant when I said, yeah, it's going to be miserable, but I
actually think a collapse in the dollar would be good for the United States in
the long run. That's that's exactly what I meant. It's enabled all of
this, right, think of the think of the international forays that we wouldn't
have been able to get ourselves into because we couldn't afford it. Right,
if we actually had to live on the budget, we didn't have this luxury
of this constant demand underlying our currency, it would it would keep I mean,
look, you've seen it happen with empires. What kept England England didn't
just get religion all of a sudden. What kept them from expanding They ran
out of money, right, so they weren't able to continue that imperialist creep
over over the entire globe. And we're not in that situation yet. And
then here's the other catch. Every time you have an economic catastrophe or anything
like that, at when you're dealing with a fractional reserve banking system, what
asset underlies all other assets? Debt? Right, debt does So when the
economy rolls over, what do you get? You get debt defaults. Right,
what does that mean debts disappear? Well, what are you doing when
debt disappears? You're shrinking the monetary base. So this in a weird way.
So far now this is just a reflexive loop. It will get reflexive
on the other side of this at some point that nobody knows, right,
there will be a moment where it breaks and it flips the other way.
So people have to understand. You know what I hear Zax saying, and
you've said this before, but this is such a more a cleaner explanation,
more complete. I think I've just let you talk and got out of your
way. That the US debt falling or the US dollar falling could force us
now no longer in the age of necessity, could force us to have a
sea change in how we behave as a country. Because guess what, Mommy
and Daddy's dollars are gone. It's funny what happens once the parents cut you
off. Hey, so mama, you know a little short done rent this
month? And I just you know, maybecause just no, my kids start
cleaning the kitchen without being asked. Yeah, well, but I'm gonna like,
I'll probably get kicked out of my apartment. That's gonna be really hard.
How are you going to handle that? Uh? But maybe you could
give me two hundred No, yeah, okay, And you realize now you
start thinking, wait, how much blood can I sell? Every day?
So I don't know, did you have better experience? Maybe I could use
a different blood bank. They won't notice that my lips are white, are
you okay? I'm fine? So you get into this age of necessity again.
I'll bring back the Microsoft thing. There was a team that you remember,
the Zoom Player. We've talked about this that was gonna that was that
was the thing. Yeah, okay, one day I'll tell you the whole
whole story about what that, what that actually was going to be, and
this insane decision they made to make it Zoon. I remember being in a
planning meeting on this, and they decided to create an entire new encoding system
and an entire new codec, not dot wave, not dot MP three,
something that would only work on the Zoom. And I'm saying, okay,
not only do you expect people to buy a device that's three times bigger,
has a screen that's real glass but no video usage, at a higher price
point, with no choices and colors because they're all brown. You expect people
to do this and then buy a whole new music library or get all their
CDs out and burn them again into your codec rather than having them be able
to transfer the music library over from Apple. Yes, here's the crazy part
about that. That is the most unmcrosoft thing I've ever heard, the company
that literally made trillions now off of the basic concept of mass producing a thing
and giving it away right because because widespread adoption was their main strategy, they
were going to give away the software for the player, but not the hard
ware. I know, I know, but but but Zach, here's the
thing. They said, we will promote this through Windows, will promote this
through it will ship with and I'm like, you can't do. We'll go
to the record labels, we'll make sure there's music in the guys. You
don't have enough time, So that thing fails, craters, and sooner or
later someone got into Microsoft, the current CEO, who's mister DEI nightmare.
But you know what he did, Caenan said, we don't get the internet,
we don't get entertainment, we don't get content. We're not good at
this. I mean, I know there's still MSN and I know there's still
being and I know that our focus is we sell software and devices. Now
look at their performance, Yeah, outstanding because they were bleeding money in all
these other areas. Now, okay, Xbox is the outlier. But the
guy who really made that happen was Robbie Bach who said, I'm not going
to tie it to the Windows kernel. No, not doing it in our
case with our dollar. Here's what I hear you saying is that the fall
of the dollar could help us be like Microsoft or you know what, we're
cutting heads like we're going to have to make hard, hard decisions. And
I assume this is something you're gonna address in your upcoming webinar that's the twenty
seventh, that's just around the corner, right, because you're gonna talk about
inflation, inflation being the silent killer of retirement portfolios. I assume you'll address
this with the QA if you like what you're hearing from Zach. Here's at
a register for the webinar. I'm gonna know your Risk Radio dot Com.
It's that easy now. But by the way, these things sell out.
Ever seen you do one of these two weeks in a row, or like
even a month in a row. Is normally there's a big break between these.
So I know this last one was hugely popular. Why is inflation the
silent killer of retirement portfolios? Zac will explaining that, take questions, et
cetera. How Bulwark deals with this with risk management, active management or portfolios.
So go to Know your Risk Radio dot Com register, But you got
to do that soon because these things do fill up. They're free, but
they fill up. Know your Riskradio dot com. But we're Capital Managements and
investment advisor representative Teck Financial LLC and sec REGI investment advisor. Investments involve risk,
you could lose money, and past performance does not necessarily guarantee future results.
So am I Is that still an okay? Metaphor that Microsoft gets us
back into the corner. They had all these distractions for them. They never
committed to entertainment. They never I mean they thought they did, but they
didn't. They never committed to devices like cool like type devices like like like
phones, and just never committed. Let's get back to software. You're saying
that the collapse of our dollar could force our society to say, well,
wait, and we don't actually have the money to teach kids how to use
sex toys. Yeah, no, I you And this is why I tell
people man, And this is why flipping over the religious part of it too.
It's one of the things I really lament about the modern church. There's
there's so many things that is that are great, but one thing I see
over and over and over, and I see so many pastors struggle from this.
I see so many churches hurt by this. There's no talk or discussion
even on wisdom anymore, and discernment right like we we shouldn't if we're being
wives, and we're paying attention. We can see pain coming, usually a
mile away, usually a mile away. Usually it's some form of choice,
right, or lack of choice, or you know, not making a choice
right. I always tell my kids, you don't make a choice. I
want to be made for you. And no. And I think your analogy
is great, and I think that if you just look at cultural degradation since
eight oh nine, right, do you think that is a coincidence? Right?
Am I saying? It's just about the fact that we're running record deficits
and debts at one hundred and seventy percent to gd or what is it,
one hundred and forty or whatever. Yeah, debts one hundred and forty percent
debt to GDP, two hundred and fifty percent debt GDP something like that.
No, but you know, like I always say, it's never one thing,
right, It's always a confluence of events and what's happened on a currency
basis. There's like, if we sit there and go there's a bunch of
grown men in here that are calling us bigots because we don't want them urinating
next to our ten year old daughters in bathrooms, And they're calling us bigots.
Is it Is it a coincidence that that type of lunacy is occurring simultaneously
while our government is literally printing money to pay for everything and paying off debts
and really engaging in the most artificially litive economy in the history of mankind.
No, it's not. Because you're taking things that are not true and you're
trying to make them true. You're trying to breathe truth into them. This
is one of the things that's you know, if you want to keep on
the on the spiritual topic for a second. My wife and I did the
night watch a show called The American Gospel. And so what is the American
Gospel. Well, it is a new atheist movement to create the atheist version
of Christianity. So it's Christianity minus Christ that'll work, right. And here's
their pitch. If you believe the gospel that that God caused his son to
be tortured and murder, then you worship a child abuser because he could have
just done it another way. He could have just said, you know what,
I just forgive it. What the filmmakers are so good at is they've
got great, great, great past who answer this in a fundamentally beautiful way
God operates outside of his creation. He has always existed, always will exist,
and he is truth, he is light, he is love, he
is compassion. Therefore he can't be anything else. And he laid down a
law. This is what must be done. There must be a sacrifice.
So when he said that, it had to happen out of love, compassion,
and truth in the personage of the Lord Jesus. And this is what
the atheists fail to mention. Jesus, the Holy Spirit and God are one.
So when the Lord Jesus is a fully god fully human, he is
experiencing this on behalf of the Trinity. So God allowed himself to experience it.
He did this to himself. Well, that's such a good point.
And not only that, but what is the greatest level of pain that can
be experienced by any human being. It's the loss of a child, right,
right, How do you have a just God if he's not willing to
subject himself to that same pain? Exactly, exactly, And the Lord Jesus
faces none of us humans could live through what he lived through. No,
no, And then the drinking of the wrath, the cup of wrath,
So it's no mistake then that, yes, in a society pretending men or
women and women are men, and that racism of good is if it's against
white people, and black people can't commit racism, in other words, they
cannot sin in this new upside down in verse Satanic version of Christianity. Then
it's no mistake then, and this is where I'm going to get weird.
It would be then no mistake that, in the aftermath of a brutal I
think blatantly Satanic Germany led by Hitler and Soulen. Now all those people I
think were were obviously to me demonic it did to human beings. It's no
mistake that Satan looks at that and says, oh, at last, all
get the dollar, all get an economic mechanism inserted in this that will take
a country that has been a blessing for Christians. That I think that our
Bill of Rights is inspired by godly men. I think it reflects how God
would have government operate, which is as distributed powers. And I can prove
that spiritually, I think and biblically that Satan says, Okay, I'm going
to take this great strength and I'm going to make it worldwide. It's a
necessity like windows used to be a necessity, like a Windows phone was at
one point in necessity because your IT team said, no, it's got to
be windows. And should we actually, Zach be praying for the dollar to
fall? I mean what I will? I hope I'm wrong. I really
don't think that I'm going to be, but I really hope that I'm wrong.
But what is history tell us is that these things will These things will
not get corrected until it does, and even then they might not be right.
But my whole point is, I don't think that you have If you
can create value out of thin air, it is the greatest conjuring trick that
you've you've repeatedly called it. It's the greatest conjuring trick in human history.
And as long as that works, you don't need. Really see, the
reason we need reality as human beings is it hurts to not have it,
Right, Like if I don't realize the stove is hot and I don't recognize
the fact that it's glowing red that that means it's hot. Right, I'm
gonna realize that through pain, right, Like, that's that's how we learn.
Well, as long as it's it's sort of like it's sort of like
having somebody all doped up on painkillers, right and telling them no, no,
you feel okay, but you still don't want to lift that you're gonna
hurt yourself more. Right, Well, if you're all hopped up on painkillers
and PCP, right, you ain't gonna feel it until it whear's off.
And right now we've got a drip, right, We've got an IV drip.
So yeah, no, I think that I think that what you said
there is should we I think we should be praying for our country to realize
that and watching for that to happen because that and and it very much looks
like the first parts of that have started to occur. And to getting to
your original question, Yeah, look, that is definitely tied into what's going
on here in Saudi Arabia. If if the Saudi Arabian news is making you
go out and buy physical gold and silver, you're doing this wrong, okay,
because the Saudi Arabian thing at this point is more it's more metaphoric,
if you will. It's more symbolic because the minute they do that currency swap
in different currency terms, guess what they're going to do with their own banks.
They're going to convert back to dollars because they have to, right,
It's just it's it's totally symbolic at this point. Is that the beginning of
that process? Yeah, because eventually everybody in the world. And it's ironic
that we've called China currency manipulator, which they most certainly are. But what
do you call quantitative easy? Right? What do you Yeah, yeah,
we're doing it too, right, we do it with fancy terminology. Try
to just say yeah, we're doing it right exactly. Yeah. Yeah.
So there's one bit of data I want to lay out to you, and
I know we've been long with your time, You've been very patient with us,
and I'll get to this. It has to do with government employees.
I'd like to dig into with you at some point into this as well,
because there is a there's a separate economy, there's a separate employment economy,
this parallel economy called government labor. We'll talk about that in a second.
On this show, we operate with honest commerce, and it's honestly this.
When we review a product, if it doesn't work or something I can't stand
by, we throw it out. We just say no. When I heard
about the oxy leaf thunder or the oxy leaf too thunderstorm. I'm like,
okay, you tell me. I plug this into the wall and it does
away with bad smells whatever. No, when I got it and plugged it
in, I was stunned by how powerful it was. Then my wife one
day said, man, that thing's insane. I mean, there's one of
these in our house and I don't smell cat stuff anymore. We've litter boxes
in the house, and I don't smell wet dog. And in this studio
on days where I do bring in, because that really does happen like I'm
running in here. I'm late, and I honestly do sometimes come in after
a workout, and you know, God forgive me, I haven't had time
to work out. It stinks, not with the thunderstorm plugged into the wall.
Now, I've got friends of mine buying this for their small medical clinics
because rather than have candles and essential oils, which in my mind stink,
I can't stand essential oils. This thing doesn't produce anything other than the beautiful
smell all of a thunderstorm. And by the way, it's you can control
it. You don't have to have it on eleven all the time. You
can have it on three if it's a small space. If it gets two
to ozone, don't do that. It just destroys the molecules that make the
bad smells and we experience it. So you can have the same thing.
In fact, there's a pet stink guarantee. If it doesn't remove the pet
stink, you get your money back. I'm going to save you two ter
bucks now. Whole home coverage three sees devices. Three of these devices go
to eatinpuredeals dot com, slash todd. That's eatinpure deals dot com. Slash
tod. Simply use code TOD three and they'll guarantee you doesn't destroy the pet
stink. You get your money back. Eatinpeer deals dot Com use code Todd
three. So Zach. As we wrap this up, I came across an
interesting bit of data that indicates to me that we have a parallel economy.
In employment, State and local government's employees average cost of compensation was forty percent
higher than their private sector counterparts. In Q one, salaries were twenty three
point two percent higher, but benefits were whopping seven d nine point five larger
for government employees than their private sector counterparts. And this almost goes right through
the middle of everything we talked about today. That's not just unjust, it's
a moral and it drives a further further reason for these guys to never wake
up to the reality that one day the dollar is really really going to fall.
That what you just described right there, that's bid nomics, right.
And for people that want to know why we're not going into a recession right
there, listen to the numbers Todd just kicked out. Guys like these people
are making thirty to forty percent more than they were making five years ago.
Right you look at government employee roles at record side. Just think about that,
then think about all the deficits spending on top of that with you know,
the inflation. You know, it's it's We've been talking about this for
a while and I just again, I think it's kind of like the dollar.
People just have a tough time wrapping their head around it. We don't
know, how does the economy keep growing. You're like, look at the
money that's getting pressed out there, and that's all it is. I mean,
if you if you came anywhere, if you normalize to two and a
half percent, deficits. Right now, you'd got for recessions so fast to
make your headsman, right, But no, man, I think that you
put it correctly, and people need to understand that's what's happening, and that
it's a policy choice. And in my opinion, that's why the biggest risk
regarding the dollar, and this is going to bake people's brains just like it
did in two thousand or twenty twenty two when we told people, look,
inflation's going to soar and the dollar is going to soar with it, and
people looked at me like I had a third eye coming out of my head.
Right, why was that happening? Because of this system right here,
the way it's set up, the way it actually functions as opposed to the
way we think it should function. Right, And that's why you're actually in
a much in the interim before that process happens, before we d dollarize,
or better yet, it will probably be something like a monetary Plaza cord where
the world comes together. And I'm forgetting, I'm forgetting the name of the
they actually did this. It wasn't called the Plaza cord. That was the
resolution of World War two. But anyway, it's something like that where we
come to I'm forgetting the name of we've done this before, but where they
come and they agree to probably structure a new global currency that will be based
on a basket of commodities and a currency or something like that. But before
that happens, the pressure point, ironically, is the dollar going up.
Right. That's what hurts people because everybody's like, oh, Saudi Arabia is
trying to get away from the dollar because they're worried about it. A collapse
that has nothing to do with that. If the dollar collapses, Saudi Arabia
is loving it, China's loving it. Are you kidding me? It makes
everything so much. It gives them so much more purchasing power and makes goods
less expensive. So you know, it just hurts us deplorables. Yeah,
no, it's just it's it's ridiculous, man. So it's but it's we
gotta until that breaks. Unfortunately, you're not going to see the dollar behave
the way it should. Yeah, well, said brother, appreciate it wise,
counsel days Zach Abraham, Know your Risk Radio dot Com. Say hi
to the family, and thanks for always coming on and saying things that ain't
popular. In your industry. I know that's that's that's thank you for that.
We'll talk about side about all that later. Thank you, brother,
all right, thank you very much. Man as fun as always. Thank
you Lord, Thank you for wise counsel, thank you for friends. Thank
you for reminding us that you are truth, you are lights, you are
justice. You can't take a couple from those things because it's actually literally what
you are. And thank you for being those things. This is the Todd
Hermitshew. Please go, be well, be strong, be kind, Please
make every effort to walk in the light of Christ.