WEBVTT

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And welcome to another edition of the
Chicks on the Right podcast where we talk

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to our BFF and sponsor of the
show, Zach Abraham, the chief investment

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officer of Bulwart Capital Management. Today, as we're recording this, it is

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February twenty second, and the world
exploded because cell networks went down. People's

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phones were down, people were freaking
out, there were websites affected. It

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was mayhem. Hopefully by the time
people are listening and watching this, listening

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to and watching this, that is
over and everything is restored. But this

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is the kind of stuff that keeps
me literally up at night. What should

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people be thinking about in terms of
protecting their finances and their wealth and their

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money in times of emergencies like this, when a grid goes down, the

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internet goes down, or whatever go
Yeah, so great question. This will

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sound a little self serving, but
I don't mean it that way because we're

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again we're not the only people that
do this. But these questions feed right

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into the reason we manage money the
way we do. We live in a

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very different world with very different threats
and with governments doing substantially different things,

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and when you look at a stock
market and an economy, like we have

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today that is built on so much
artificial stuff like printed money. It will

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probably continue to go up, but
you always have the risk of things going

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right. You have the risk of
reality returning right for lack of a better

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term. And the funny thing about
reality is it can show up anytime,

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and so you need to have constant
forms of protection in your portfolio to protect

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you because if you get blacked out
from your portfolio for a week and you're

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the one trying to manage it and
you open it back up and it's down

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sixty five or seventy percent, it
is what it is, right. There's

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really no way to and I'm not
saying that that's going to happen. What

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I'm saying is it is a different
world, and I think we got to

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manage money differently so when those things
happen, So I think it's a good

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reason to have active management, right, somebody else actually actively managing your money.

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And then the other side of it
is, you know, I think

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that we all I am not a
fan of hoarding cash. I am not

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a fan of hoarding gold. I
ask that, Yeah, if you have

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that fear, like I've always said, stock up can good and ammunition,

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okay, and probably cigarettes and booze
because that will do you better in an

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economic collapse than the cast you know. Yeah, people look at these things

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the wrong way. People will use
cash to buy the things you have,

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right. They need food, they
need fuel, they need water, they

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don't need money. So I think
having you know, a couple of thousand

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in the in the in the in
the house is a good idea. Having

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some gold on and in the house
is a good idea. And because you

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said it, meaning when the grid
went down in nineteen forty five, we

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could walk in the bank, they'd
walk back in the safe, bring out

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a stack of cash that's ours,
and go here you are sir, right,

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Yeah, things digital now, Yeah, that was my question, like

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what if the grid actually goes down? What do we need to have cash

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on hand? Like what do you
think should happen? What should we be

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doing to protect ourselves from a financial
standpoint? And cash is not the answer,

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right, Like you're saying boos and
cigarettes. I mean I get it,

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I totally get it. Yeah,
And it's all depending on how long

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these things last, right, I
mean if it's now for three days,

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obviously you know we're not going to
turn into the lord of the flies,

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and everybody's going to be at each
other's throats. Right, well, I

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will absolutely lord of the flies in
like ten minutes, She'll be lord of

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the flies. But what if it
turns into like three months, If it

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turns into three months, six months, I mean, you have an incredible

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point there. Well, we're all
gonna die. My god, Mom got

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to such an extremest. But seriously, Zach, like, you have a

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great point because cash is useless in
those situations. When people don't give a

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crap about cash, they give a
crap about the things, So they give

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a crap about food and Ammo and
luxury items and stuff like that that they

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wantn't normally do they want to have
because they can't get it. That's that's

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a great point. The other scary
thing about some of these threats that we're

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posting right now is the unique environment
we're in, meaning we have experienced things

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in the last four to five years
that no person in the history of mankind

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has witness, which is, you
know, the complete shutdown of the world's

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largest economy and its stock market's still
finishing up sixteen percent on the same day,

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Meaning people are more anesthetized to risk
than ever before. Right. If

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you ask them you need protection your
portfolio, they're like, did you see

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the stock market? And you're like, yes, that's why you need protection.

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Right. I wasn't advocating for protection
in two thousand and nine, right,

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yeah, you need protection for things
falling. And it's just the way

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so people. And that's one of
the things it worries you is that when

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you have had so many of these
risks, when government is just papered over

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it, right, papered over it, you condition people to turn risk off

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in their minds, so they turn
it off. Well, like you said,

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the FED can't paper over a power
grid going down, right, right,

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Yeah, they allowed a power grid. Right, So there are these

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risks, whether they play out or
not, I'm not saying they are.

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But where this create h fragility in
a system is that, you know,

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That's why we're saying we always believe
you should have you know, pull up

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that scenario where the grid goes down. It's gonna rock the economy and by

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the time you get access, you
could be down sixty five percent. This

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is exactly why we always have some
form of insurance, not always, but

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in times like this in our client's
portfolio. Because if that happened all the

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market today, I can't tell you
where we'd be, but based off things

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we have in our client's portfolios,
they wouldn't be down anywhere close to sixty

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five percent. Right, So this
is and I know this is the kind

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of stuff that you're covering too on
your show, your daily show and all

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of that. And where can people
find that and find you and find out

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more Know your Risk radio podcasts,
not behind a paywall, Bowercapitalmanagement dot com,

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all of the We're easy to find. We're on Apple Podcasts, Spotify,

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all those different places, and yeah, pretty easy. Fine, per

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get toilet paper and hambo. People
do have somebody, Have somebody manage your

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money, like Zach. There you
go, Thank you well