WEBVTT 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.