1 00:00:00,520 --> 00:00:05,080 What was it that Jimmy Carvell said, finding what kind of trashy find when 2 00:00:05,080 --> 00:00:07,559 you dragg a twenty dollars bail through trailer? Part? Well, he said 3 00:00:07,599 --> 00:00:10,640 that, and he was talking about a human being, Paula Jones. But 4 00:00:10,720 --> 00:00:15,080 he also said it's economy stupid. Well, no one knows the economy better 5 00:00:15,080 --> 00:00:17,519 than Zach Abraham is with me. We're going to talk through the economy, 6 00:00:17,519 --> 00:00:22,199 but we're also going to talk through the impeachment attempts. Got to impeach Clarence 7 00:00:22,239 --> 00:00:26,800 Thomas, who's doing that AOC and a couple of pretty extraordinary clips from Stephen 8 00:00:26,800 --> 00:00:30,120 Colbert, who is so funny. You know, sometimes he uses the effort. 9 00:00:31,280 --> 00:00:34,079 It's so edgy because you hear the effort, you're like, oh my 10 00:00:34,119 --> 00:00:36,320 gosh, I can't believe he used the F word. Then I laugh and 11 00:00:36,640 --> 00:00:41,399 it's just so funny. And then the effort that the Democrats made to stand 12 00:00:42,719 --> 00:00:49,359 against the new Jim Crow of making sure you're a citizen when you vote here, 13 00:00:49,799 --> 00:00:52,840 that's the new new Jim Crow. Well do this with the help of 14 00:00:52,840 --> 00:01:00,039 bioptimizers dot com, slash Todd and thank you God Almighty. The Todd Herman 15 00:01:00,159 --> 00:01:07,599 Show is one hundred percent disapproved by big pharma technocrats and tyrants everywhere. Now 16 00:01:08,959 --> 00:01:17,719 from the high mountains of Free America, here's the Emerald City exile Todd Herman. 17 00:01:25,799 --> 00:01:27,799 Today is a day the Lord has made, and these are the times 18 00:01:27,879 --> 00:01:34,319 so which God has decided we shall live still blessed to have here my friends 19 00:01:34,319 --> 00:01:38,560 and brother Zach Abraham, chief investment Officer Bulwark Capital Management, and Zach, 20 00:01:38,599 --> 00:01:42,079 your vacation has continued. Thank you for spending all this time with us. 21 00:01:42,799 --> 00:01:47,799 We're going to just nail you down on one thing. If you were to 22 00:01:48,000 --> 00:01:52,120 characterize the people of Idaho, now that you've been here a couple different times 23 00:01:52,200 --> 00:01:57,920 and interacted with us, toothless rednecks, how do you like, how do 24 00:01:57,959 --> 00:02:05,280 you characterize the folks you've met. It's it's a little weird because well and 25 00:02:05,319 --> 00:02:07,240 we and we felt this way, and it's been an extension when we first 26 00:02:07,240 --> 00:02:13,560 came last year and visited. It's just so much more friendly. Just you 27 00:02:13,599 --> 00:02:15,639 feel like it's like it's like Mayberry, you know. Okay, you're the 28 00:02:15,719 --> 00:02:20,039 second person to say this. You also said what Tim Krukshank said about crossing 29 00:02:20,039 --> 00:02:21,800 the border. You feel like there should be a border guard. There's a 30 00:02:21,840 --> 00:02:24,599 sense of relief, but he used almost exact same wording. He didn't say 31 00:02:24,599 --> 00:02:29,159 Mayberry. But there is a sense of friendliness here. Oh, it's it 32 00:02:29,319 --> 00:02:32,039 really, it's remark Yeah, it's remarkable. And uh, my wife and 33 00:02:32,080 --> 00:02:34,879 I know, like I said, we noticed it the first time we were 34 00:02:34,879 --> 00:02:37,680 staying at the resort. Last time we were here, and we were blown 35 00:02:37,719 --> 00:02:39,879 away at the service like it was. It felt like you were going back 36 00:02:39,879 --> 00:02:44,759 in time, right, meaning like it you know, the service at that 37 00:02:44,919 --> 00:02:47,719 resort is phenomenal. And then just the more people we interacted with, the 38 00:02:47,759 --> 00:02:52,199 friendliness, the hellos, the high you know, in Seattle, you walk 39 00:02:52,240 --> 00:02:53,599 down the street high, people look at you like you've got like a third 40 00:02:53,599 --> 00:02:55,560 eye grown out of your head, right, you know, right, just 41 00:02:55,560 --> 00:03:00,120 a simple hello, right, you know right? And service there, I 42 00:03:00,120 --> 00:03:04,280 mean there are spots where it's okay, but service could be very surly and 43 00:03:04,520 --> 00:03:07,400 if you ask for an extra you get this a lot. Like you go 44 00:03:07,439 --> 00:03:10,120 to a nice restaurant like the Pink Door Cafe. Is this legendary place down 45 00:03:10,199 --> 00:03:14,439 in Pipe Place Market And it's so legendary that they don't have a sign. 46 00:03:15,000 --> 00:03:16,960 You just have to know it's there. It's in Post Alley, there's there's 47 00:03:17,000 --> 00:03:21,080 no indication other than you walk down the alley, here's a pink door. 48 00:03:21,240 --> 00:03:23,919 Okay, so if you know, you know. And I went in and 49 00:03:23,919 --> 00:03:28,159 had dinner with some business people there and showed them Seattle. This is when 50 00:03:28,159 --> 00:03:30,759 I was at Microsoft, and I just said, hey, by the way, 51 00:03:30,319 --> 00:03:34,080 could I have I don't remember what I was asking to switch out rice 52 00:03:34,199 --> 00:03:38,360 or something? Could I do this? No, it wasn't even a well 53 00:03:38,400 --> 00:03:42,759 sir, we don't or these are all no. She's just like she's you 54 00:03:42,879 --> 00:03:46,199 know, no, yeah, yeah, and God yeah, and God forbid 55 00:03:46,240 --> 00:03:49,919 something happening. I mean, Seattle is one of those cities literally where if 56 00:03:49,919 --> 00:03:52,919 something happens to you just people will just walk over you, like on the 57 00:03:52,919 --> 00:03:57,240 shore Side Story. Nobody cares, right. And then my wife chastised me 58 00:03:57,560 --> 00:04:01,400 for having a show race related. She goes, wow, you talk pandering 59 00:04:01,439 --> 00:04:03,599 your friend. There's a black wife and you sit down. Hey, Zac, 60 00:04:03,719 --> 00:04:08,520 let's talk about race. I didn't plan it that way, but I 61 00:04:08,599 --> 00:04:12,400 have to ask this question because I get it all the time when I have 62 00:04:12,439 --> 00:04:15,719 friends come to visit. One friend who sent me in and said, hey, 63 00:04:15,759 --> 00:04:18,480 I'm really excited to come over. My wife is Asian. She's from 64 00:04:18,600 --> 00:04:27,439 China, and she's really afraid of racist, of being treated in a racist 65 00:04:27,439 --> 00:04:30,040 way. She's nervous. She's heard things about North Idaho and I had to 66 00:04:30,079 --> 00:04:33,680 write and say, hey, it would shock me. And I told him 67 00:04:33,680 --> 00:04:38,560 you might see a Confederate flag. That happens over here, and that's mostly 68 00:04:38,839 --> 00:04:43,040 mostly estates, right, things mostly there are like you go up to some 69 00:04:43,199 --> 00:04:46,399 areas here, there are still some white supremacists. That's real. It used 70 00:04:46,439 --> 00:04:48,959 to be really bad. That's real. There are places I can take you 71 00:04:49,000 --> 00:04:51,839 to them. I mean, you don't want to go, But has your 72 00:04:51,839 --> 00:04:58,600 wife had any feeling of any sort of downlooks? No, quite the opposite, 73 00:04:58,720 --> 00:05:01,279 Yeah, not even not even not even Yeah, no it's been and 74 00:05:01,360 --> 00:05:05,360 quite honestly, it's been the opposite. Yeah, just so friendly, So 75 00:05:05,720 --> 00:05:11,639 everybody's so nice, so helpful. Yeah, it's just it's been awesome. 76 00:05:11,800 --> 00:05:15,600 And there's just really a sense of community that has kind of caught us off 77 00:05:15,600 --> 00:05:18,959 guard, because you don't really notice that it doesn't exist until you're back in 78 00:05:19,000 --> 00:05:21,240 a place where it does. Yeah, you know what I mean, Right, 79 00:05:21,279 --> 00:05:27,000 we're like, oh yeah, people, right, and people are kind 80 00:05:27,160 --> 00:05:30,079 wow interesting, right, And yeah, big cities do suffer from that. 81 00:05:30,240 --> 00:05:34,040 And Seattle is very very much a big city. That the thing I said 82 00:05:34,040 --> 00:05:38,000 about Jimmy Carville, it's the economy stupid. There's a couple of things I 83 00:05:38,000 --> 00:05:41,639 wanted to touch off with you before we get into the discussion of Stephen Colbert 84 00:05:41,759 --> 00:05:46,439 and the view of the continuing just destruction of the figurehead. So we'll talk 85 00:05:46,439 --> 00:05:49,319 about that with Zach Abraham. You know, this past weekend I was in 86 00:05:50,399 --> 00:05:55,560 with the kids doing the thing at the youth camp and the church camp, 87 00:05:55,600 --> 00:05:59,079 and here's a deal. And I look, I told the boys, and 88 00:05:59,319 --> 00:06:04,000 I said it, this is you guys are just your gross You stink and 89 00:06:04,040 --> 00:06:06,560 there's nothing you can do about it. And all the bathing in the world 90 00:06:06,639 --> 00:06:10,839 and you just stink. I didn't really see it that way. In fact, 91 00:06:10,920 --> 00:06:13,560 I didn't say it. But there is a device that I took with 92 00:06:13,639 --> 00:06:16,079 me, and it's called the Eden Pure Oxy Leaf two. And you think 93 00:06:16,120 --> 00:06:18,920 it's weird that you take something like this to a cabin with boys, but 94 00:06:18,959 --> 00:06:25,600 here's its job. It produces ozone and pushes that into the air that ozone 95 00:06:25,839 --> 00:06:29,879 molecules. Those molecules bond to bad smells like boy, stink like boy, 96 00:06:29,959 --> 00:06:34,079 sweat like boy, other stuff. And well man stink too, because honestly, 97 00:06:34,319 --> 00:06:38,240 you're running around a camp for twelve to sixteen hours a day. It's 98 00:06:38,240 --> 00:06:42,319 not like ice smelled rosy good. And it just negates that smell. Now, 99 00:06:42,519 --> 00:06:46,920 you guys will have situations where, for instance, a basement, right, 100 00:06:46,199 --> 00:06:49,959 basements get musty. It happens, and it doesn't necessarily mean there's mold 101 00:06:49,959 --> 00:06:53,240 obvious, there's mold, you need to clean that out. It can be 102 00:06:53,279 --> 00:06:56,120 cat's smelled, it can be cigarette smoke, all of that. This just 103 00:06:56,199 --> 00:07:00,680 negates it. Including it also negates viruses. Go to eden pre deals dot 104 00:07:00,720 --> 00:07:04,319 com, enter code Todd three and you can get a two hundred dollars savings 105 00:07:04,360 --> 00:07:09,920 on this two hundred dollars off on these three devices. That's whole home coverage. 106 00:07:10,040 --> 00:07:15,279 Eatingper deals dot com, slash todd these promo code Todd to eatingperer deals 107 00:07:15,399 --> 00:07:20,319 dot com. Use code Todd three. That's code to Odd three. There's 108 00:07:20,360 --> 00:07:26,720 a disconnect in the economy and you've provided us a couple of charts, and 109 00:07:26,759 --> 00:07:29,600 I want to get to this one on AI real quick. But for people 110 00:07:29,639 --> 00:07:31,199 listening, we need to do a good job of transitt because not everyone's looking 111 00:07:31,240 --> 00:07:36,079 at the video. This is seasonality, and this is seasonal chart, average 112 00:07:36,160 --> 00:07:39,759 daily level of What does this VAX mean? What does it even mean? 113 00:07:39,759 --> 00:07:42,360 I'm just gonna tell you it. Admit I have no idea what it sink 114 00:07:42,360 --> 00:07:46,160 and means. So the VIX is what we refer to as the volatility index. 115 00:07:46,319 --> 00:07:49,879 Okay, you love voltility indexes. You get so excited by volatility index 116 00:07:50,000 --> 00:07:56,040 is the index of how unpredictable or up and down prices are explaining this, 117 00:07:56,439 --> 00:08:03,480 so it's basically used for options pricing. Okay, So think of options and 118 00:08:03,879 --> 00:08:07,160 they can be used much more strategically than this. They can be a wonderful 119 00:08:07,160 --> 00:08:11,839 way to manage risk. And we're actually trying to get a portfolio approved right 120 00:08:11,839 --> 00:08:16,160 now where we use options to what we call tail hedge. So we put 121 00:08:16,199 --> 00:08:20,360 options out here that will make a ton of money if markets are the things 122 00:08:20,399 --> 00:08:22,519 that we like go up, but we bet very small amounts and then we'll 123 00:08:22,519 --> 00:08:26,199 buy options out here to make a ton of money if things go down. 124 00:08:26,600 --> 00:08:28,199 Right, So we call that you're hedging the tails, right, So we're 125 00:08:28,240 --> 00:08:33,039 so we're working on that. But let's say so, so an option, 126 00:08:33,159 --> 00:08:37,159 let's think of an option like it's actually a lot like horse racing, Okay, 127 00:08:37,240 --> 00:08:41,200 So you know you've got the favorites, right, and if you look 128 00:08:41,240 --> 00:08:45,399 at the favorite, you know, maybe he's gonna pay out like five to 129 00:08:45,440 --> 00:08:48,440 one, okay, but the underdog, maybe he's paying out like one hundred 130 00:08:48,440 --> 00:08:52,960 to one. Right, Well, no one's gonna know, no one's gonna 131 00:08:54,000 --> 00:08:56,360 no one's gonna get no one's gonna take or no one's gonna accept five to 132 00:08:56,399 --> 00:09:01,080 one odds on an underdog, Right they five to one odds? Well, 133 00:09:01,200 --> 00:09:03,639 no, no, I get paid out five to one if the winner wins. 134 00:09:03,200 --> 00:09:07,759 If I'm going to bet on this nag, right, you got to 135 00:09:07,759 --> 00:09:11,120 pay me out a lot more. So what volatility effectively is is it's telling 136 00:09:11,159 --> 00:09:16,639 you what the market or what the implied volatility. So to put it in 137 00:09:16,799 --> 00:09:22,840 a better way, if I want to go bet on Apple via a call 138 00:09:22,879 --> 00:09:28,759 option, okay, that call option is going to cost way less money than 139 00:09:28,799 --> 00:09:31,919 an option on Tesla. And the reason is is because Tesla moves much more 140 00:09:33,000 --> 00:09:35,360 violently. Right. So, people in the financial markets aren't stupid, so 141 00:09:35,399 --> 00:09:39,639 they're like, hey, the odds of Tesla going up thirty percent over the 142 00:09:39,679 --> 00:09:43,399 next month, it's much higher than Apple going up thirty percent over the next 143 00:09:43,399 --> 00:09:46,799 month, Right, and so what that means is there's implied volatility. Okay, 144 00:09:46,879 --> 00:09:52,240 so volatility. The VIX is looking at this on a market wide level, 145 00:09:52,639 --> 00:09:58,279 and it's telling you what types of moves it is expecting. Now, 146 00:09:58,360 --> 00:10:03,799 volatility happens to both so up and down, right, But basically, so, 147 00:10:03,879 --> 00:10:07,240 another way to look at the VIX would be the cost of insurance. 148 00:10:07,919 --> 00:10:09,799 So if you live, you know, right now, like in Florida on 149 00:10:09,840 --> 00:10:11,879 the coast, you're gonna pay a lot more for insurance than you would live 150 00:10:11,919 --> 00:10:16,320 in you know, Montana, right, And so when you see the VICS 151 00:10:16,480 --> 00:10:20,759 very low, what it's telling you is that nobody's buying insurance. Nobody's worried, 152 00:10:20,879 --> 00:10:26,080 right, nobody cares. So insurance is very, very cheap. And 153 00:10:26,120 --> 00:10:28,000 you're sitting with a VIX right now, like around twelve or thirteen. You 154 00:10:28,039 --> 00:10:33,200 know, the VIX historically is averaged around twenty. When you get down below 155 00:10:33,240 --> 00:10:37,600 fifteen, what it's telling you is a it's all good, baby. You 156 00:10:37,960 --> 00:10:45,279 are telling me that with a we're funding both sides of a war in Israel 157 00:10:45,320 --> 00:10:50,000 between Ismael and jumas. NATO has decided to put our troops in the doorstep 158 00:10:50,080 --> 00:10:56,360 of Russia. We have seven companies making up forty percent of Nasdaq pricing. 159 00:10:56,000 --> 00:11:05,440 We have governments lining up to limit access to food and water, and people 160 00:11:05,159 --> 00:11:13,080 in this VIX index think all is okay, Well no, so nobody's in 161 00:11:13,200 --> 00:11:16,559 it. Really, what it's telling you is that no one's buying insurance. 162 00:11:16,559 --> 00:11:20,679 That the demand for insurance, the demand for put options to defend your positions, 163 00:11:20,759 --> 00:11:22,120 right, it's just it's not there. No one's worried about it, 164 00:11:22,559 --> 00:11:24,879 Okay, but that means no one's worried. Well, because if you're a 165 00:11:24,879 --> 00:11:28,360 bad scenario. Let's so, let's say any of those bad scenarios play out, 166 00:11:28,399 --> 00:11:31,159 what's going to happen? Well, I mean if they all play out, 167 00:11:31,159 --> 00:11:33,639 everybody's going to get checks. Okay, So right back to that. 168 00:11:35,000 --> 00:11:41,679 Yeah, we're right back to we really don't have We honestly don't even have 169 00:11:41,759 --> 00:11:46,679 an economy, not in the traditional sense the way that we look at it. 170 00:11:46,759 --> 00:11:50,159 Right now, we are still the home to the most innovative companies in 171 00:11:50,200 --> 00:11:52,840 the you know, in the world. We still got the resources, like 172 00:11:52,879 --> 00:11:56,080 you told me the other day, and this gave me no end of comfort 173 00:11:56,120 --> 00:12:01,080 that Hey, look, if you sold America for parts our land are natural 174 00:12:01,120 --> 00:12:05,799 resources. I mean we have a value much much higher than our balance sheets. 175 00:12:05,879 --> 00:12:07,559 Yes, right, yes, but no one wants to sell America for 176 00:12:07,639 --> 00:12:11,720 parts. Now this one I think I get is AI stocks keep getting more 177 00:12:11,720 --> 00:12:16,759 expensive. The gap between AI valuations and the S and P five hundred has 178 00:12:16,799 --> 00:12:20,639 widened since end of twenty twenty two. Now I think I get the implication 179 00:12:20,799 --> 00:12:24,960 of this, But effectively you have your you know, they say the S 180 00:12:24,000 --> 00:12:28,360 and P five hundred. It's at this sort of kind of static level, 181 00:12:28,720 --> 00:12:33,559 but you see this rising with some spikes. AI valuations going up. Now 182 00:12:33,600 --> 00:12:37,000 I know how I view this, but how should people in the podcast family 183 00:12:37,039 --> 00:12:43,440 do this? Well, I look, so the way you make money in 184 00:12:43,519 --> 00:12:46,399 stocks or in any business, right Buffett as a saying, which is, 185 00:12:46,879 --> 00:12:50,679 you know, the single biggest influencer of the success of any investment is the 186 00:12:50,679 --> 00:12:54,519 price you pay, right, And people forget about that. Right, whatever 187 00:12:54,600 --> 00:12:58,159 investment is, what defines the success or the amount of success that that investment 188 00:12:58,200 --> 00:13:03,039 has is the price you pay. And I think AI is going to be 189 00:13:03,039 --> 00:13:05,200 a big deal. Okay. The problem is is when you look at so 190 00:13:05,279 --> 00:13:09,120 many of these stocks, and there are exceptions, there's always exceptions through but 191 00:13:09,159 --> 00:13:13,039 when you look at these stocks, everybody's Oh, it's so you know the 192 00:13:13,039 --> 00:13:16,919 future, and you're looking at them going, guys, it's priced in, 193 00:13:16,639 --> 00:13:20,080 right. It's sort of like you've awarded somebody the super Bowl Trophy and you're 194 00:13:20,120 --> 00:13:26,320 in week five of the NFL season right where you're like, yeah, look, 195 00:13:26,320 --> 00:13:28,799 it's probably going to be a big deal, but you're you're honestly at 196 00:13:28,799 --> 00:13:33,399 a point now as an AI investor. Again, in most of these names, 197 00:13:33,440 --> 00:13:37,679 there are exceptions, but you're basically at a point where you better hope 198 00:13:37,679 --> 00:13:39,639 it plays out the way you're saying it does, because if it doesn't, 199 00:13:39,879 --> 00:13:46,519 you're going to take a ton of loss. So the expectation that AI just 200 00:13:46,679 --> 00:13:48,600 changes the world, that it is much more profitable than anything else, that 201 00:13:48,679 --> 00:13:54,840 it consumes everything else that is baked in now, and that may not happen. 202 00:13:54,320 --> 00:13:58,919 So it's very much like you've used in Super Bowl scenario. If you're 203 00:13:58,960 --> 00:14:03,200 betting money and you come in at week five, I am putting all my 204 00:14:03,320 --> 00:14:07,919 money on this one team, or that this is the super Bowl champ So 205 00:14:07,960 --> 00:14:11,559 you're gonna put ten thousand bucks on why, well, hey, did I 206 00:14:11,600 --> 00:14:15,080 mean they're five and oh? Right, they're five and oh or you could 207 00:14:15,080 --> 00:14:18,080 take it back in this case, I would take it back one even step 208 00:14:18,120 --> 00:14:20,759 before that. Oh wait, did you see their draft picks? Yeah? 209 00:14:20,840 --> 00:14:22,559 Right, yeah, that's probably a better anaurogy ye know, but I mean 210 00:14:22,840 --> 00:14:26,200 look at their draft picks. Now that's it. This is my super Bowl 211 00:14:26,240 --> 00:14:28,799 team. Yep? Well how because look at the promise. Yeah, the 212 00:14:28,840 --> 00:14:31,000 guy was an All American. He won the Heisman, right and then got 213 00:14:31,320 --> 00:14:35,480 like for of these guys, it was the best best best trading year ever 214 00:14:37,639 --> 00:14:39,720 in the combines. Oh you know what, I'm putting money down two years 215 00:14:39,720 --> 00:14:43,279 in a row. These are two year in a row Super Bowl people. 216 00:14:43,360 --> 00:14:48,000 I'm all in on this. So this is all potential and at this point 217 00:14:48,480 --> 00:14:52,399 you can't bake that out of the cake. No I yeah. And that's 218 00:14:52,559 --> 00:14:56,279 and that's what makes it so tough to like, that's what makes this environment 219 00:14:56,399 --> 00:15:01,759 so hard is because if you you are properly diversified and yesterday, and I'll 220 00:15:01,759 --> 00:15:05,960 pound the table on this because unfortunately, in the world of investing in finance, 221 00:15:07,240 --> 00:15:09,679 nobody listens until they get drilled, right, Like, it's just the 222 00:15:09,679 --> 00:15:15,679 way it is. But we don't need to prognosticate. Nobody, including me, 223 00:15:16,399 --> 00:15:18,639 especially me, knows what's going to happen in the future. What we're 224 00:15:18,679 --> 00:15:24,919 just saying is, guys, the way your portfolio is comprised, there is 225 00:15:24,039 --> 00:15:28,600 certainty to the outcome. I don't know when it's going to happen, but 226 00:15:28,679 --> 00:15:33,320 when you're all loaded up like to a magnitude that you've never been before in 227 00:15:33,440 --> 00:15:37,200 the most expensive sector in the SMP it literally is only a matter of days. 228 00:15:37,600 --> 00:15:39,519 I mean, it could be a year, but I'm just meaning you 229 00:15:39,559 --> 00:15:45,080 know, it's a matter of time until that sector becomes less valuable. Well, 230 00:15:45,120 --> 00:15:48,240 when that happens, that's the only horse you're betting on. You're not 231 00:15:48,360 --> 00:15:52,720 properly diversified. You don't owe you on a record low amount of materials, 232 00:15:52,759 --> 00:15:56,360 you own a record low amount of energy and precious metals, you owe all 233 00:15:56,399 --> 00:16:02,720 that stuff is at record low representations in the SMP SO and that's really the 234 00:16:02,759 --> 00:16:06,200 pernicious thing about this, and that's why I keep saying it's somewhere we've never 235 00:16:06,240 --> 00:16:10,799 been before. Yes, there have been bubbles, but the average investor, 236 00:16:11,200 --> 00:16:14,600 you know, if you looked at the average tech the average investor portfolio and 237 00:16:14,639 --> 00:16:18,159 the tech collapse, it didn't get hit that bad. Is down maybe thirteen 238 00:16:18,240 --> 00:16:22,159 fourteen percent, right, because they were diversified SMP was down twenty five A 239 00:16:22,159 --> 00:16:23,720 lot of them owned bonds. Bonds went up a little bit during that period 240 00:16:23,759 --> 00:16:26,720 of time because it fed cut rates and response to the tech collapse. So 241 00:16:26,759 --> 00:16:30,960 they were thirteen percent draw down and then markets started going up again. Is 242 00:16:30,000 --> 00:16:33,360 no big deal, right, But think of the tech collapse now. Again, 243 00:16:33,399 --> 00:16:36,799 I'm not saying it's the same. These companies are much more mature and 244 00:16:36,879 --> 00:16:40,120 much more profitable, so it's not, you know, it's never just it's 245 00:16:40,120 --> 00:16:44,440 never exactly the same. But think about if you went back into the tech 246 00:16:44,960 --> 00:16:49,519 deal and nobody owned bonds, because bonds are much less representative in a lot 247 00:16:49,559 --> 00:16:52,159 of retail portfolio state than they have been in the past for good reasons. 248 00:16:52,639 --> 00:16:59,879 But back then it was a lot of the degenerates and people chasing returns. 249 00:17:00,240 --> 00:17:03,639 They were all loaded up on tech. The average retail portfolio was more diversified 250 00:17:03,639 --> 00:17:10,839 and wasn't today the average retail portfolio that has made conservative investment decisions. I'm 251 00:17:10,880 --> 00:17:11,960 not going to try to pick stocks. I'm just going to put put the 252 00:17:12,000 --> 00:17:15,319 S and P five hundred my portfolio. Right that that is not a that 253 00:17:15,440 --> 00:17:22,119 is not a greedy, degenerate type decision, right, right, But they're 254 00:17:22,160 --> 00:17:26,119 in the same place. They're way top heavy on this stuff. And that's 255 00:17:26,200 --> 00:17:29,920 the thing, Like, it's not if, it's when now when may be 256 00:17:30,000 --> 00:17:33,119 a lot longer from me, now, when when that stuff becomes less valuable? 257 00:17:33,279 --> 00:17:36,880 Right right? Like it? And and that's what I was saying about. 258 00:17:36,960 --> 00:17:41,240 Yesterday is a perfect example. Yesterday was one of the best breadth days 259 00:17:41,279 --> 00:17:44,440 of the year. But yesterday was one of the day I think it was 260 00:17:44,480 --> 00:17:48,279 the best day this year. We're talking about Thursday of last week. Oh 261 00:17:48,359 --> 00:17:51,160 yes, excuse me, excuse me, Thursday last it was one of the 262 00:17:51,160 --> 00:17:56,359 best days of the year for the number of stocks that actually went up. 263 00:17:56,759 --> 00:18:00,480 Okay, but the index was down one percent, right, And so address 264 00:18:00,559 --> 00:18:03,079 that. And here's I want to close it off this way and get into 265 00:18:03,119 --> 00:18:07,880 some of the political stuff because this chart to me that we're going to show 266 00:18:07,880 --> 00:18:11,960 in a second here is so so America. So much of this is the 267 00:18:11,039 --> 00:18:15,119 promise it should work, AI should work. It sounds really sexy, it 268 00:18:15,160 --> 00:18:18,680 sounds really good. We're going to do this, and when we're conjuring money 269 00:18:18,720 --> 00:18:22,160 and handing out money, why would this next chart not be here? So 270 00:18:22,200 --> 00:18:26,960 we'll talk about this in a second. At the camp there is this constant, 271 00:18:26,079 --> 00:18:33,440 constant, constant action. And insanely enough, the boys have an eleven 272 00:18:33,839 --> 00:18:38,720 PM bed call. That's when they have to be in the cabin eleven PM. 273 00:18:40,039 --> 00:18:42,240 Our staff meeting are while we're not staff or volunteers, but the staff, 274 00:18:42,240 --> 00:18:45,000 they're ahead of us. They're up at five thirty in the morning. 275 00:18:47,079 --> 00:18:52,480 We start our volunteer meetings at leadership meetings at seven am. So junior high 276 00:18:52,519 --> 00:18:56,119 boys getting into the cabin eleven car as decent as you can do as a 277 00:18:56,200 --> 00:19:00,839 leadership. Sometimes they don't go right to sleep. It's a little bit weird. 278 00:19:00,319 --> 00:19:03,359 And when you're doing things like playing Capture the Flag with junior high and 279 00:19:03,400 --> 00:19:07,559 high school boys, you know what they'll do. They'll come and do an 280 00:19:07,599 --> 00:19:11,039 illegal slide and roll tackle at you to try to take you out of the 281 00:19:11,079 --> 00:19:14,680 knees. That happened last year. Thank God for my and I mean it, 282 00:19:14,720 --> 00:19:17,119 thank the Lord for my football instincts, Like, wow, wait a 283 00:19:17,160 --> 00:19:18,559 minute, this guy's doing a log role at me. He's going to try 284 00:19:18,599 --> 00:19:25,000 to take medadonees. And I get down and put him down and stand up 285 00:19:25,000 --> 00:19:26,599 and say you try to take medadonese. He goes, well, I go, 286 00:19:26,720 --> 00:19:30,359 you were trying to take medadoniese. I'm glad I stopped that. And 287 00:19:30,400 --> 00:19:33,720 by the way, tag you're it, you don't get to move. This 288 00:19:33,799 --> 00:19:37,960 can lead to and a lot of my friends had this, and I didn't 289 00:19:37,960 --> 00:19:40,400 give them my Native pathcrill because they asked for it. I said, no, 290 00:19:40,519 --> 00:19:42,200 you listen to the podcast. You're on your own, baby. I 291 00:19:42,519 --> 00:19:47,480 just doubled down on the Native pathcrill. This is the omega three oils from 292 00:19:47,519 --> 00:19:52,240 the crustaceans from the Antarctic. They are wild caught, not farms, meaning 293 00:19:52,519 --> 00:19:56,640 they are more pure. And that form of omega three is so much more 294 00:19:56,680 --> 00:20:00,720 absorbable than the stuff you're taking that's in fish form. It is literally replacing 295 00:20:00,839 --> 00:20:03,440 and has utterly replaced. I do not have I have a profon in my 296 00:20:03,480 --> 00:20:07,599 life because I choose to not die of Libert disease, and I have a 297 00:20:07,599 --> 00:20:11,440 profen can absolutely give you that and kidney problems. So just for fun, 298 00:20:11,440 --> 00:20:15,359 when my friends my age were really really sore, sometimes I would just eat 299 00:20:15,440 --> 00:20:18,119 Native pathcrill in front of them, just like four or five would eat Native 300 00:20:18,119 --> 00:20:19,720 pathcrill. You sore, No, I'm not. You can you have the 301 00:20:19,720 --> 00:20:23,720 same thing. Go to nativepathcrill dot com. Slash todd. That's nativepathcrill dot 302 00:20:23,759 --> 00:20:27,079 com slash todd, and see what specialists they have for you. Heads up. 303 00:20:27,279 --> 00:20:30,200 Usually when you buy more, you get more from them. It's nativepathcrill 304 00:20:30,240 --> 00:20:33,240 dot com that as you get at better savings, one more charts, then 305 00:20:33,240 --> 00:20:37,200 we'll roll into the political stuff here. This one again makes sense to me. 306 00:20:37,519 --> 00:20:41,519 Fewer than fifty percent of stocks have risen thirty percent from the bowl market 307 00:20:41,599 --> 00:20:45,160 start, and this is one of those weird charts. That's a whole bunch 308 00:20:45,240 --> 00:20:48,400 of zig zaggy lines, but two that matter, purple and green. And 309 00:20:48,440 --> 00:20:49,599 I know that most people are listening to this, not watching it, so 310 00:20:49,920 --> 00:20:53,279 just trying to make sure that we do what we can to describe this. 311 00:20:53,759 --> 00:20:57,240 The green line is an average and the purple line is the latest case. 312 00:20:57,759 --> 00:21:00,279 Now I think I get it's going on here, but you tell me, 313 00:21:02,000 --> 00:21:07,519 well, what it tells you? And you're you're you're obviously getting to an 314 00:21:07,599 --> 00:21:12,160 unbelievable and unparalleled position at this point in the cycle. But what it tells 315 00:21:12,240 --> 00:21:15,880 you is, you know, you're you're sitting at the end of the biggest, 316 00:21:15,920 --> 00:21:18,960 longest bull market in US history, and yet the fewest number of stocks 317 00:21:18,960 --> 00:21:25,559 have participated that's okay, that that's craziness. Well what what what is it? 318 00:21:25,880 --> 00:21:27,599 Yeah, and what does it point to? It points to the underlying 319 00:21:29,079 --> 00:21:32,880 you know, issues in the economy that were certainly present, you know in 320 00:21:32,960 --> 00:21:36,400 the in the quote unquote recovery coming out of a eight o nine. But 321 00:21:36,599 --> 00:21:42,720 it's also, in our opinion, it's also a byproduct of passive indexing. 322 00:21:44,400 --> 00:21:49,400 This is the thing where automatically, so many people's money is automatically going to 323 00:21:49,519 --> 00:21:55,519 four to seven companies yep, no matter the performance. And so those companies 324 00:21:55,559 --> 00:22:02,720 have almost no incentive to be if they can take that money and place the 325 00:22:02,759 --> 00:22:06,559 wildest, craziest bets, because who cares. It's free money. It's not 326 00:22:06,640 --> 00:22:08,519 connected to their value, to their p and L, their performance, their 327 00:22:08,519 --> 00:22:14,039 promise, right, and if investors were paying attention. This is why Musk 328 00:22:14,240 --> 00:22:18,039 elon Musk and intelligently, so I don't blame him for doing it. This 329 00:22:18,079 --> 00:22:22,240 is why he was making such a big push and being so out loud, 330 00:22:22,759 --> 00:22:26,599 right and so outspoken about trying to get Tesla being in a part of the 331 00:22:26,640 --> 00:22:30,240 S and P five hundred. Why does he care about Tesla being in the 332 00:22:30,319 --> 00:22:33,640 s and P five hundred, Because if it does if it is, it's 333 00:22:33,799 --> 00:22:37,440 automatically getting money to every person that puts money in an SMP five hundred ETF. 334 00:22:37,720 --> 00:22:41,680 And you don't have to be somebody that does this for a living to 335 00:22:41,759 --> 00:22:45,599 understand this. Right, What you're seeing as a market that is becoming less 336 00:22:45,599 --> 00:22:49,640 and less efficient, right, meaning, do you think less than fifty percent 337 00:22:49,680 --> 00:22:55,079 of stocks aren't in better positions than they were fifteen years ago? No, 338 00:22:55,200 --> 00:22:59,319 of course not. What's happening though, the companies that are getting it used 339 00:22:59,319 --> 00:23:04,000 to be a market works because the companies that get capital, capital is allocated 340 00:23:04,240 --> 00:23:08,039 to the most efficient parts, right, It gets put to work where it 341 00:23:08,079 --> 00:23:11,519 can generate the most returns. Right, for the first time ever. I 342 00:23:11,519 --> 00:23:15,160 mean you've got bubbles here and there, But for the first time ever, 343 00:23:15,880 --> 00:23:19,400 the main way of investing is allocating money in a way that has nothing to 344 00:23:19,440 --> 00:23:23,880 do with the underlying performance. This is so America, Zach. There's so 345 00:23:25,039 --> 00:23:26,799 much to this. Boys or girls? Girls are boys? Right? Well, 346 00:23:26,839 --> 00:23:29,640 no they're not, no, but we say they are, yeah. 347 00:23:29,720 --> 00:23:33,319 Right, And in this case, how is the performance of Apple connected to 348 00:23:33,359 --> 00:23:37,119 its amount of stock investments against? Oh it's not. No, I mean, 349 00:23:37,160 --> 00:23:40,440 go look at Apples. Five out of the last six quarters, Apple 350 00:23:40,519 --> 00:23:45,599 had declining revenues and declining profits. Last year was up fifty percent. Okay, 351 00:23:45,720 --> 00:23:51,240 there will come a reckoning. And there you taught me the phrase that 352 00:23:51,319 --> 00:23:56,720 when politics and math go to war math, it's good. So this is 353 00:23:56,720 --> 00:24:03,119 a point like to me, if you are anywhere in a retirement cycle, 354 00:24:03,240 --> 00:24:07,799 anywhere for instance, five to ten, even fifteen years from retirement, it's 355 00:24:07,839 --> 00:24:11,799 really vital that you take advantage of what this guy is going to put out 356 00:24:11,799 --> 00:24:14,680 here coming up on the twenty fifth, I think it is three thirty pm 357 00:24:14,839 --> 00:24:18,119 twenty fifth this month. So what we're doing here, Zach does in an 358 00:24:18,119 --> 00:24:22,640 interactive sense. You'll talk about the Bulwark Funds, how it's performed, areas 359 00:24:22,640 --> 00:24:23,920 where they felt like they did a good job, areas where they could have 360 00:24:23,920 --> 00:24:26,920 done better. Very artist about that. But he's going to put a focus 361 00:24:27,000 --> 00:24:30,759 on you your money because on the cast we can't go to that extent, 362 00:24:32,279 --> 00:24:36,480 takes questions, et cetera. It's a free live webinar and it's about this 363 00:24:36,599 --> 00:24:41,359 inflation eating your retirement. It is a silent assassin. So you can go 364 00:24:41,400 --> 00:24:44,200 attend this. Go to Know Your Risk Radio dot com. It is free. 365 00:24:44,559 --> 00:24:47,799 You do have to register to be able to attend. One other thing 366 00:24:47,839 --> 00:24:49,319 you can do. Since we spent so much time at sach is, you 367 00:24:49,359 --> 00:24:52,920 could also just call, like you could call eight six six seven to seventy 368 00:24:53,000 --> 00:24:56,519 nine Risk. You could just do that and say, Hey, I actually 369 00:24:56,599 --> 00:24:59,880 don't need the free live webinar. I'm convinced. Can you look at my 370 00:25:00,039 --> 00:25:00,599 or fill you guys still do that? Right? You do that? No 371 00:25:00,680 --> 00:25:03,680 obligation? Yeah, absolutely right, and people can discuss it with you. 372 00:25:03,920 --> 00:25:07,759 Yeah, yep, right, yep. So you can take advantage of that 373 00:25:07,799 --> 00:25:11,000 eight sixty six seven to seventy nine RISK. The workshop is coming up on 374 00:25:11,119 --> 00:25:14,680 July twenty fifth, that's at three thirty Pacific time. To learn more and 375 00:25:14,720 --> 00:25:17,440 sign up for this free live webinar, go to Know your Risk Radio dot 376 00:25:17,480 --> 00:25:19,839 com. Spaces limited feels that fast. Go to Know your Risk radio dot 377 00:25:19,839 --> 00:25:23,680 Com. No, that's canaidibit Know your Riskradio dot Com. Investment advisory services 378 00:25:23,720 --> 00:25:27,599 are off for their Trek Financial LLC and sec Rigid Investment Advisor. Investments involved 379 00:25:27,640 --> 00:25:32,200 risk you could lose money. Past performance does not necessarily guarantee future results. 380 00:25:32,279 --> 00:25:34,880 Trek twenty four DASH twenty four four. Go to Know your Risk radio dot 381 00:25:34,880 --> 00:25:41,240 com and we talk economy. We also have this assumption. I think that 382 00:25:41,400 --> 00:25:47,240 everybody at the top wants the economy to do well, right, because that's 383 00:25:47,279 --> 00:25:49,920 politics, right, Yeah, Okay, I'm going to connect some dots. 384 00:25:51,880 --> 00:25:56,400 Apple has had these down quarters or declining quarters, and yet they've gone up. 385 00:25:56,440 --> 00:26:00,920 They've seen their stock up by fifty percent. Completely disconnected. Does this 386 00:26:00,000 --> 00:26:03,680 guy we're about to watch again, and this is a clip that we played 387 00:26:03,680 --> 00:26:07,599 a couple of times, does this guy even know what the economy is? 388 00:26:07,839 --> 00:26:11,880 I wouldn't have picked Vice President Trump to be vice president? Do I think 389 00:26:11,920 --> 00:26:17,119 she was not qualified to be president? Or another way to connect the dots, 390 00:26:17,440 --> 00:26:19,640 that guy clearly clearly does not know what was going on, and in 391 00:26:19,720 --> 00:26:25,160 terms of the economy, can he possibly care? Then there's this Now if 392 00:26:25,200 --> 00:26:29,039 you're not watching but you're listening, this is a scene outside of the Walter 393 00:26:29,119 --> 00:26:33,319 E. Washington Convention now arriving outside of the Walter E. Washington Convention Center 394 00:26:33,799 --> 00:26:38,799 where he's set to deliver a cross conference. That's Laura Loomer's voice, Maarunly, 395 00:26:38,880 --> 00:26:42,240 she's on the scene. But as you can see, they have put 396 00:26:42,319 --> 00:26:48,920 up fences and they are not allowing anybody inside. So they have cleared the 397 00:26:49,039 --> 00:26:55,960 decks military style all around the convention center. Now, I've lived in Washington, 398 00:26:56,039 --> 00:26:59,880 d C. I have been there when presidents have come to speak on 399 00:27:00,160 --> 00:27:06,400 the Capitol. I have never seen fencing like this. That's Biden. Oh 400 00:27:06,480 --> 00:27:11,759 there's the ambulance for when he has his next medical emergency. They always take 401 00:27:11,759 --> 00:27:17,240 an ambulance. But that's Laura Lumer. So I'm connecting the dots this way, 402 00:27:18,880 --> 00:27:26,039 seven stocks automatically getting so many people's money disconnected from financial performance, disconnected 403 00:27:26,079 --> 00:27:32,720 from promise. We have this widening gap AI between the other sp five hundred 404 00:27:32,759 --> 00:27:36,240 based upon AI is super super sexy. And on the other side of the 405 00:27:36,279 --> 00:27:41,839 fence, they're still playing this game where there are tons of militia members squatted 406 00:27:41,880 --> 00:27:45,759 outside Washington, DC, ready to come in and seize control of the government. 407 00:27:47,079 --> 00:27:51,640 It's theater. Like, honestly, on a percentage basis, if you 408 00:27:51,680 --> 00:27:56,880 were to take our financial system, what percentage of it is based upon theater 409 00:27:56,440 --> 00:28:04,559 and emoting versus fundamentals. Man, That's that's a really good question. And 410 00:28:04,599 --> 00:28:11,920 the reason it's a really good question is because if you take out the ability 411 00:28:11,960 --> 00:28:18,160 to do things like print money, I mean, you could bring every single 412 00:28:18,240 --> 00:28:22,799 company into question in terms of what like if if the Federal Reserve didn't have 413 00:28:22,839 --> 00:28:27,599 the power to print cash, I mean you could call into question any company 414 00:28:27,720 --> 00:28:33,680 I and and all of them would be worth substantially less, right, all 415 00:28:33,759 --> 00:28:36,559 of them. So I mean when you look at the when you look at 416 00:28:36,559 --> 00:28:42,240 it today, I would say it's probably at least fifty percent theater. Yeah. 417 00:28:42,400 --> 00:28:45,359 Well if they and if we include money printing as part of that, 418 00:28:45,599 --> 00:28:53,440 right like yeah, so, meaning meaning that the economy's performance is less tied 419 00:28:53,480 --> 00:29:00,559 to dynamism or innovation than it's probably ever been. Take the American crediting system. 420 00:29:00,359 --> 00:29:04,319 So you take this, I pay off a house. Okay, I 421 00:29:04,359 --> 00:29:07,960 remember this. I paid off my house in Seattle, and I did that 422 00:29:08,119 --> 00:29:12,359 at a younger age and most people do. I didn't use credit cards, 423 00:29:12,640 --> 00:29:15,160 and if I did, like, no, that's not true, because I 424 00:29:15,319 --> 00:29:19,079 developed when I was working in tech. Sometimes I would spend fifty thousand bucks 425 00:29:19,079 --> 00:29:22,720 a month on travel and pay it off. Okay. So then when I 426 00:29:22,759 --> 00:29:29,400 stopped using credit cards, paid off my house and had cash money coming in 427 00:29:29,640 --> 00:29:33,839 from a couple of different businesses, but they didn't have corporate names behind them, 428 00:29:33,319 --> 00:29:37,920 my credit rating took a hit. I got a call from American Express. 429 00:29:37,160 --> 00:29:41,599 I'll never forget this phone call. Hi, mister Herman, You've been 430 00:29:41,640 --> 00:29:45,400 a good customer all these years, and we did one inform you we're going 431 00:29:45,440 --> 00:29:49,759 to go and cancel your card. Oh did I miss some payments? No, 432 00:29:51,799 --> 00:29:56,640 but there's been some changes to your credit. What changes, Well, 433 00:29:56,759 --> 00:30:02,319 you're not carrying your current balance and you've reduced your number of credit cards. 434 00:30:03,279 --> 00:30:07,160 Wait, hold on a second, A how do you know that? Well, 435 00:30:07,200 --> 00:30:11,039 once a year we do a credit analysis, credit risk analysis. Do 436 00:30:11,039 --> 00:30:14,799 you know that I just paid off a house this year? Like you've been 437 00:30:14,839 --> 00:30:19,519 a very very good customer, they were responding to me leaving the credit market 438 00:30:21,160 --> 00:30:25,240 by lowering my credit rating. Yeah, that's theater. Yeah, No, 439 00:30:25,279 --> 00:30:30,160 it's a debt plantation. I mean if you look at and I don't have 440 00:30:30,200 --> 00:30:32,839 the data right in front of me, but I think people would be very 441 00:30:32,839 --> 00:30:37,440 interested to know the relationship that these credit rating agencies have with the underlying corporations 442 00:30:37,440 --> 00:30:41,519 and the banks and the lending agencies. Meaning it is a system. I 443 00:30:41,599 --> 00:30:45,359 remember when we were getting our house refinanced, I took I had to take 444 00:30:45,400 --> 00:30:48,279 out to get the best rate possible, even though I'm an eight hundred plus 445 00:30:48,279 --> 00:30:52,559 credit score. Ye, to get the best rate possible. I needed to 446 00:30:52,640 --> 00:30:56,440 take out another credit card because I didn't have enough debt or enough credit. 447 00:30:56,599 --> 00:31:00,000 Yes, right, yes, And You're sitting there going why would it work 448 00:31:00,039 --> 00:31:03,480 that way? And I'm like, well, maybe it's because the point of 449 00:31:03,519 --> 00:31:07,279 it all is not to ensure that you can repay it. Maybe the point 450 00:31:07,279 --> 00:31:11,839 of it all is to keep you in debt. Right, debt and debts 451 00:31:11,960 --> 00:31:14,400 like a form of slavery. Yeah right, And I mean, I know 452 00:31:14,440 --> 00:31:17,039 that's a cliche to say, but it is. It's a form of slavery. 453 00:31:17,640 --> 00:31:22,079 So let me then connect a few more dots. You have this obsession 454 00:31:22,240 --> 00:31:29,000 that the Democrats have brought about with the Supreme Court. So AOC made an 455 00:31:29,039 --> 00:31:32,559 announcement, a very very important announcement. Just minutes ago, we got breaking 456 00:31:32,599 --> 00:31:40,119 news that Congresswoman Alexandria Ocassio Cortes has officially filed articles of impeachment against Justices Samuel 457 00:31:40,119 --> 00:31:45,599 Alito and Clarence Thomas. That comes just after Senator Sheldon Whitehouse and Ron Wyden 458 00:31:45,920 --> 00:31:52,319 made a formal request to doj They want a special counsel appointed to criminally investigate 459 00:31:52,359 --> 00:31:56,279 Supreme Court Justice Thomas for accepting travel and the loan of a luxury car from 460 00:31:56,319 --> 00:32:00,480 wealthy donor friends. NBC's Ryan Nobles still with us on Capitol Hill. I'm 461 00:32:00,480 --> 00:32:04,880 a s NBC legal correspondent. Lisa Ruben is here with me. Okay, 462 00:32:04,960 --> 00:32:07,559 Ryan, what do we know about these impeachment articles? I know this story 463 00:32:07,720 --> 00:32:13,119 just broke. What happens next? So this comes from, as you rightly 464 00:32:13,119 --> 00:32:16,599 point out, Congresswoman Alexandri Costio Cortes from New York City, and she's followed 465 00:32:16,599 --> 00:32:22,799 two articles of impeachment against Justice Samuel Leito and Justice Clarence Thomas. And Okay, 466 00:32:22,920 --> 00:32:27,119 so let's pause, and we know kind of this story, but let's 467 00:32:27,279 --> 00:32:30,960 let's piece this back and put the pieces together. Do you know how she 468 00:32:30,319 --> 00:32:37,599 initially came into running for Congress? I somebody hit her up at the bar 469 00:32:37,680 --> 00:32:38,640 she was working on. It was working out or something like that. You're 470 00:32:38,640 --> 00:32:46,200 not far an auditioned process. Auditioned. They auditioned people, and what they 471 00:32:46,240 --> 00:32:50,200 wanted was what you get. Now. I know, the people differ, 472 00:32:50,240 --> 00:32:54,200 and the definition of human beauty is you know, it's a fleeting thing and 473 00:32:54,240 --> 00:33:00,319 it's subjective. But she's good on camera. There are people who think she's 474 00:33:00,519 --> 00:33:04,480 attractive. I think she has moments of being an attractive woman physically, mentally, 475 00:33:04,559 --> 00:33:08,880 spiritually, she's repugnant, which to mean that cancels out the physical beauty. 476 00:33:09,839 --> 00:33:15,359 So she was a bartender who got an economics degree, and she was 477 00:33:15,359 --> 00:33:19,119 a working class person, except her dad was also a ceo, right and 478 00:33:19,160 --> 00:33:21,839 had his own business. He was an architectural CEO with his own firm. 479 00:33:22,559 --> 00:33:28,559 Right, So downtrodden and yet great on camera and good at producing the social 480 00:33:28,640 --> 00:33:32,440 media. She is impeaching wants to to Supreme Court justices, and she's taking 481 00:33:32,480 --> 00:33:37,720 it to a department called justice. Now, it happens that the DJ also 482 00:33:37,799 --> 00:33:43,599 has purview over things like protesters showing up outside the houses of Supreme Court justices 483 00:33:43,880 --> 00:33:47,240 to threaten them into changing their opinion on court cases, which is a federal 484 00:33:47,279 --> 00:33:52,480 felony. That happened. And guess what body has the ability to prosecute that? 485 00:33:52,519 --> 00:33:55,519 And guess what they didn't do, didn't prosecute it. Okay, we 486 00:33:55,599 --> 00:34:00,480 talked last week about the Boeing like criminal fraud fund compared to the one billion 487 00:34:00,559 --> 00:34:06,440 dollars ex Jones owns five hundred million that President Trump owns for correctly assessing his 488 00:34:06,559 --> 00:34:10,239 property. So let me ask you this in your mind. How much of 489 00:34:10,280 --> 00:34:20,639 the American political system is absolute theater based upon products like Alexander the Acostia Cortes 490 00:34:22,719 --> 00:34:27,119 Man. I. I mean it's hard to say, you know, put 491 00:34:27,159 --> 00:34:30,559 a percentage on it, but I mean the vast majority of it. Because 492 00:34:30,199 --> 00:34:32,880 the thing that stands out is when you get one of these people on camera 493 00:34:34,239 --> 00:34:37,639 and they're actually being genuine, right, Like, That's what stands out. 494 00:34:37,800 --> 00:34:40,760 And the funny thing is is if you listen to them, and you know 495 00:34:40,800 --> 00:34:44,960 there's better than I do, you listen to them talk behind closed doors. 496 00:34:45,440 --> 00:34:50,159 It Again, it's not even like they'd refute it, like they present everything 497 00:34:50,199 --> 00:34:52,639 as if it's theater, that the theater and the impression we leave is more 498 00:34:52,639 --> 00:34:57,760 important than what we're actually doing right right, And I mean this woman, 499 00:34:58,159 --> 00:35:02,239 if you want to know the state of this state of our educational system, 500 00:35:02,880 --> 00:35:07,960 just note to yourself that this woman's got an economics degree and listen to her 501 00:35:07,960 --> 00:35:12,159 talk about economics, right right. I mean it's frightening. She's either been 502 00:35:12,199 --> 00:35:14,760 she knows what she's doing, and she's trying to bring the country down. 503 00:35:14,840 --> 00:35:17,159 And I don't think that's her. I think she's truly, truly not a 504 00:35:17,280 --> 00:35:21,559 very bright person, but she's camborrogenic. And this is the this is the 505 00:35:21,599 --> 00:35:24,639 new wave. In the Bible, Psalms, chapter thirty seven, verses twelve 506 00:35:24,679 --> 00:35:29,880 through fifteen, we read the wicked plot against the righteous and gnash their teeth 507 00:35:29,920 --> 00:35:31,079 at them. But the Lord laughs at the wicked, for he knows their 508 00:35:31,119 --> 00:35:35,559 day is coming. The wicked draw the sword and bend the bow to bring 509 00:35:35,639 --> 00:35:38,800 down the poor and needy, and dislay those whose ways are upright. That 510 00:35:39,320 --> 00:35:45,239 describes I think this scenario we're seeing here Stephen Colbert is so funny. And 511 00:35:45,280 --> 00:35:47,639 I don't know about you, Zach, but I love it when comedians use 512 00:35:47,639 --> 00:35:51,480 the F word because it's just right. I mean, no one does it. 513 00:35:51,719 --> 00:35:53,760 No, So you know, you go into comedy club and like, 514 00:35:53,800 --> 00:35:57,599 and sometimes they'll use the MF word and then I'm rolling, Oh yeah, 515 00:35:57,760 --> 00:36:02,440 no, I mean that's comedy. Yeah, hilarious, good stuff. Stephen 516 00:36:02,480 --> 00:36:07,639 Colbert had a conversation about, well, I'll let you see. This is 517 00:36:07,679 --> 00:36:15,079 and this is Abby Phillips and they're talking about the CNN debate the Figureheads of 518 00:36:15,119 --> 00:36:19,559 course, where he just utterly imploded and President Trump, do you hand the 519 00:36:19,559 --> 00:36:23,679 debate should have happened? Absolutely? Why you know, he's gonna lie. 520 00:36:24,079 --> 00:36:27,840 And the other guy is the President United States, who should be should not 521 00:36:27,880 --> 00:36:30,920 be dignifying this criminal who tried to overthrow democracy and does not believe in that. 522 00:36:37,440 --> 00:36:42,920 I absolutely, I think the American people need to know what they're getting. 523 00:36:43,039 --> 00:36:45,440 But they already know. They've both been president of the United States. 524 00:36:45,559 --> 00:36:49,079 It's not like one of them is a mystery. There are a lot of 525 00:36:49,159 --> 00:36:55,199 people who have kind of forgotten what Trump is like, what he was like. 526 00:36:55,360 --> 00:37:00,800 They they're not in the audience denial. A lot of Americans. It's 527 00:37:00,840 --> 00:37:04,840 almost like, you know, there was COVID. A lot of this has 528 00:37:04,920 --> 00:37:08,360 kind of left the brain. And so this is for defending this, and 529 00:37:08,440 --> 00:37:15,280 Colbert is making a statement that Trump was this big threat to democracy. Now 530 00:37:15,360 --> 00:37:19,239 let's just wind back a little bit. That's a guy who said, Hey, 531 00:37:19,280 --> 00:37:21,599 if you don't want to get vaccine, that's fine. You don't need 532 00:37:21,599 --> 00:37:23,960 to go to the hospital, you don't need medical care, you don't need 533 00:37:24,000 --> 00:37:29,159 to leave your house. So if I go to Hollywood and I compare this 534 00:37:29,559 --> 00:37:35,840 to like the financial system the political system, Stephen Colbert is going to take 535 00:37:35,920 --> 00:37:40,239 any position he's told to take by writers. Yeah right, Yeah, he 536 00:37:42,079 --> 00:37:46,480 does have to and we can take that and run this. You tell me 537 00:37:46,880 --> 00:37:51,599 that Stephen Colbert, he's talling and people forget Abby Phillips saying, people forget 538 00:37:51,639 --> 00:37:55,480 about President Trump, they forget what Trump was like, they forget Watch this 539 00:37:55,639 --> 00:38:00,480 and tell me that Stephen Colbert's writing team doesn't know this exists. You notice 540 00:38:00,519 --> 00:38:02,880 anything that gives you a red flag as a doctor? Oh yeah, I 541 00:38:02,880 --> 00:38:07,280 see him twenty times a day in clinic. I mean it's ironic because he 542 00:38:07,320 --> 00:38:10,719 has just classic features of nerd degeneration. I mean word finding difficulties, and 543 00:38:10,760 --> 00:38:15,079 that's not Oh I couldn't find the word. That's from degeneration of the word 544 00:38:15,079 --> 00:38:17,960 retrieval area. He's also overcome stuttering though, could that be part of that 545 00:38:19,000 --> 00:38:22,320 too. This is not a palattle issue or a speech discrepancy, which is 546 00:38:22,400 --> 00:38:25,679 very different from a lemon no dysfunction actual word retrieval where you pick a similar 547 00:38:25,760 --> 00:38:30,840 question or talk around the issue. Plus the rigidity monotone voice. Wait, 548 00:38:30,880 --> 00:38:35,679 go back to that, the rigidity, rigid loss of arms swing standing up 549 00:38:35,719 --> 00:38:38,280 lord Dotically. You notice when he turns, it's kind of end block turning. 550 00:38:38,360 --> 00:38:43,880 It's not a quick turn. So that's one of the hallmarks of Parkinson's 551 00:38:43,960 --> 00:38:47,320 is rigidity and braded kinesias, slow movement, and he has that hallmark, 552 00:38:47,400 --> 00:38:53,519 especially with the low voices. That was a cold hypophonia. A small monotone 553 00:38:53,599 --> 00:38:58,519 voice like this over time is a hallmark of parkinsonism. I could have diagnosed 554 00:38:58,559 --> 00:39:00,760 him from across the mall talking about this guy. Could have I Okay, 555 00:39:00,800 --> 00:39:05,639 so now let's go back to Stephen Colbert threat to democracy. They know what 556 00:39:05,679 --> 00:39:09,440 he's like, and you and I had a discussion about shadow governments, shadow 557 00:39:09,480 --> 00:39:15,199 economies where seven companies are getting forty percent of the dollars going to the S 558 00:39:15,239 --> 00:39:20,480 and P. We as a nation about I'm going to guess about fifty percent 559 00:39:20,519 --> 00:39:24,119 of people are on mental and spiritual autopilot. Oh, I know, I'd 560 00:39:24,119 --> 00:39:29,760 say it's more that percentage. Do you think are on autopilot spiritually mentally? 561 00:39:30,320 --> 00:39:34,039 I mean, I think you're probably looking at eighty five to ninety. That's 562 00:39:34,079 --> 00:39:36,760 so frightening it is, But I mean, you know, just go spend, 563 00:39:36,800 --> 00:39:39,960 you know, just go I mean to here's the thing that blows me 564 00:39:40,039 --> 00:39:44,960 away about guys like Colbert. He's sitting up there as a member of the 565 00:39:45,000 --> 00:39:47,440 media and he's a commentator, so he's got more latitude. But he's saying 566 00:39:47,519 --> 00:39:53,039 things that he knows are are false. Right, and then while accusing President 567 00:39:53,039 --> 00:39:57,280 Trump, which President Trump can have kind of a loose relationship with the truth 568 00:39:57,280 --> 00:40:02,519 oft times, right to say the least. But you're sitting there going there 569 00:40:02,559 --> 00:40:07,840 shouldn't be. You don't want a debate if you think Biden is such the 570 00:40:07,920 --> 00:40:10,840 clear better guy, right, and all Trump does is stand up there and 571 00:40:10,880 --> 00:40:15,679 lie. Right, If that's all he does, then Biden should wipe the 572 00:40:15,719 --> 00:40:20,119 floor with him, Like, what's the issue. Colbert had said, we'll 573 00:40:20,159 --> 00:40:22,000 skip the clip because it's a real quick one. He had said in a 574 00:40:22,079 --> 00:40:28,960 monologue that he suggested that the figurehead should step down. So he is here's 575 00:40:29,000 --> 00:40:30,880 saying, well, not only should we not have the debate, here's what 576 00:40:30,880 --> 00:40:34,280 he actually means is I should do the talking. Yeah, why does a 577 00:40:34,280 --> 00:40:37,000 figurehead get this? And I want to close this out this way. So 578 00:40:37,119 --> 00:40:42,119 we've been talking about reality. We've been talking about the degree to which the 579 00:40:42,159 --> 00:40:45,360 financial system is rigged. That the title of the show is based upon what 580 00:40:45,400 --> 00:40:47,840 you said, it's a debt plantation. There's also this debt of the mind 581 00:40:47,880 --> 00:40:53,920 plantation. And there's a US representative name is Jennifer McClellan. This woman is 582 00:40:54,039 --> 00:40:59,239 making the case to a population of people, many of whom are mentally and 583 00:40:59,320 --> 00:41:06,119 spiritually the bankrupt, bankrupt, unaware of spiritual captives. This is a woman 584 00:41:06,440 --> 00:41:10,079 in Congress who has pledged to uphold the laws of the United States, to 585 00:41:10,079 --> 00:41:15,840 defend the Constitution against enemies foreign and domestic. Explaining something of vital importance, 586 00:41:15,880 --> 00:41:20,519 free to understand, and this has to do with a bill that would simply 587 00:41:20,559 --> 00:41:24,119 make people prove their US citizens earner to vote in our elections. This bill 588 00:41:24,280 --> 00:41:29,920 is essentially a poll tax, because I am not aware of a single proof 589 00:41:29,960 --> 00:41:34,880 of citizenship document that does not cost an individual money to get it, unless 590 00:41:34,920 --> 00:41:37,360 we are requiring every state to provide one for free, and then it's on 591 00:41:37,360 --> 00:41:44,199 on funded mandate. This is the twenty twenty four version of the Jimcrow poll 592 00:41:44,280 --> 00:41:52,119 tax, and we should vote against it. I do. I You know 593 00:41:52,159 --> 00:41:57,119 what costs money? Shoes? Yeah, to walk to the polls? Yep. 594 00:41:57,280 --> 00:42:00,159 You know what else? Cost money? Gas to get there. It 595 00:42:00,199 --> 00:42:04,199 costs money to eat in order to be alive to vote. It usually costs 596 00:42:04,239 --> 00:42:07,760 money to have access to water on a consistent basis in order to vote. 597 00:42:08,280 --> 00:42:13,760 I'm just gonna say it, and maybe people find this offensive. If you 598 00:42:13,800 --> 00:42:17,599 don't have the wherewithal or the financial means to obtain an identification card in this 599 00:42:17,639 --> 00:42:24,320 country, perhaps that's a decent litmus test to determine the fact that you're not 600 00:42:24,320 --> 00:42:29,920 suitable to vote. I mean, that case can be made. And by 601 00:42:29,960 --> 00:42:34,960 the way, do you believe that Democrats, including Jennifer McClellan care about unfunded 602 00:42:34,960 --> 00:42:39,079 liabilities unfunded mandates? Yes? Yeah, I mean that's their economic plan. 603 00:42:39,519 --> 00:42:45,519 Well, they like unfunded mandates, they love them, unless it could do 604 00:42:45,559 --> 00:42:51,119 away with some theater the theater. Is this safest, most secure election in 605 00:42:51,159 --> 00:42:54,679 history? No? And this is the part that I get so frustrated with 606 00:42:54,719 --> 00:42:59,320 Americans. I'm just like, look, you don't. I'm not asking to 607 00:42:59,320 --> 00:43:00,400 be on one side or the other. I'm not asking you to wear to 608 00:43:00,599 --> 00:43:05,559 a MAGA hat, you know, or whatever. But just ask yourself these 609 00:43:05,639 --> 00:43:09,840 questions, this simple question, Right, why is it that somebody could possibly 610 00:43:09,920 --> 00:43:15,679 be against requiring identification of vote? What? What other motive is there? 611 00:43:15,719 --> 00:43:20,000 There isn't one. There just isn't no. When you limit the the the 612 00:43:20,920 --> 00:43:23,679 convoluted possibilities, you get to the Aukham's raiser Yep. That's that's what we're 613 00:43:23,679 --> 00:43:27,320 looking at. Yep. Man, it's been so so good having you in 614 00:43:27,360 --> 00:43:31,559 the High Mountains of Free America. I I I want you to track your 615 00:43:31,599 --> 00:43:37,400 feelings when you go back across the border and tell me what it's like when 616 00:43:37,400 --> 00:43:39,159 you leave the High Mountains of Free America. My gosh, your face, 617 00:43:39,360 --> 00:43:45,039 oh wow, your face just fell. And I want you I don't want 618 00:43:45,039 --> 00:43:46,159 to think about that, right, No, I know, Okay, So 619 00:43:46,719 --> 00:43:49,639 I'll remind you. I'll put it. I'll put it. We'll put a 620 00:43:49,639 --> 00:43:52,480 pin in that. Lord, Thank you for reminding us that you are well 621 00:43:52,519 --> 00:43:54,360 aware of the schemes of the wicked, that you laugh at them. Thank 622 00:43:54,400 --> 00:43:58,719 you for reminding us that we it's our job to help people be spiritual. 623 00:43:58,719 --> 00:44:00,119 You're aware, right, You created us to do that, to go and 624 00:44:00,159 --> 00:44:04,159 make disciples. This is the Todd Hermannshaw. Please go, be well, 625 00:44:04,440 --> 00:44:07,559 be strong, be kind, and remember to not fear. I looked at 626 00:44:07,559 --> 00:44:10,599 the end of the book. I checked it again, and God still wins 627 00:44:10,599 --> 00:44:15,400 and we're on his side.