WEBVTT 1 00:00:00.440 --> 00:00:10.160 All right, so here's some fun news. Google lost seventy billion dollars in 2 00:00:10.320 --> 00:00:15.599 value because of the Google Gemini. What they want to pretend it's an artificial 3 00:00:15.640 --> 00:00:19.039 intelligence. It's not an intelligence, it's code. It's not even good code. 4 00:00:19.480 --> 00:00:22.399 Oh I'm sure the code's good, but the people behind it are in 5 00:00:22.399 --> 00:00:26.079 fact spiritually captured. So of course that means their stock is going to tank. 6 00:00:27.359 --> 00:00:32.280 Obviously, we'll talk to Zach Abraham about that. Plus, what does 7 00:00:32.320 --> 00:00:38.799 it mean if you're you're an executive former executive for an airplane manufacturer and you 8 00:00:39.000 --> 00:00:44.119 literally refuse to fly on one of your company's planes because you don't want to 9 00:00:44.159 --> 00:00:49.200 die, that would mean the stock of bolling Wood just plummet, right, 10 00:00:51.079 --> 00:00:54.039 Well, maybe not, but we'll ask Zach Abram about that as well. 11 00:00:54.479 --> 00:00:59.719 And then there's a discussion of the FEDS like cutting rates are near, but 12 00:00:59.799 --> 00:01:03.079 it's truly the case. Is it actually going to be near to cutting rates? 13 00:01:03.120 --> 00:01:07.519 Time? All of this now with Zach Abraham, Chief Investment Officer Capital 14 00:01:07.560 --> 00:01:11.519 Management will get started. Now with the help of Alan SOPs allansaps dot Com, 15 00:01:11.519 --> 00:01:17.599 slash Todd, and of course with God Almighty himself, and with the 16 00:01:17.599 --> 00:01:21.079 help of a device called a stream deck. Super fancy thing because I get 17 00:01:21.120 --> 00:01:26.439 to do this. That's see, the Todd Herman Show is one hundred percent 18 00:01:26.680 --> 00:01:34.359 disapproved by big pharma technocrats and tyrants everywhere. Now from the high mountains of 19 00:01:34.480 --> 00:01:51.040 Free America, here's the Emerald City exile Todd Herman. Today is a day 20 00:01:51.079 --> 00:01:53.319 the Lord has made in These are the times to which God is the saded 21 00:01:53.359 --> 00:01:57.519 we shall live. My friend and brother, Zach Abraham, joins me from 22 00:01:57.560 --> 00:02:01.239 across the country. Not quite because I'm in Idaho. He's in a separate 23 00:02:01.239 --> 00:02:08.039 country called Washington. Zach, welcome back to the program from from deep behind 24 00:02:08.159 --> 00:02:14.360 enemy lines. Yes, it's great to connect. I can hear a din 25 00:02:14.400 --> 00:02:19.400 of freedom in your voice. You remember what that's like. Yeah, I 26 00:02:19.400 --> 00:02:23.240 remember. I've got a vague recollection. Yes, yeah, Well it's it's 27 00:02:23.319 --> 00:02:27.240 nice to be semi free. I have to ask you, man, this 28 00:02:27.240 --> 00:02:30.560 this is Google good to survive this seventy billion dollar collapse in their stock. 29 00:02:30.599 --> 00:02:34.039 I mean the layoffs. It's a blood bath at Google. It's like one 30 00:02:34.080 --> 00:02:38.000 in seven employees gone. The stock just cratering because they lost seventy billion dollars 31 00:02:38.000 --> 00:02:40.520 in advice is not going to go back up, right, so they lose 32 00:02:40.520 --> 00:02:45.639 the value seventy billion down. It's it's a blood bath. Now the EFTs 33 00:02:45.680 --> 00:02:49.960 they're going to stop our ETF's going to stop automatically buying Google, and they're 34 00:02:49.960 --> 00:02:59.159 going to realize how risky this is. Right. No, Now, what 35 00:02:59.240 --> 00:03:02.360 I do think is and we actually owned Google, it's not a huge position 36 00:03:02.439 --> 00:03:09.840 for us, but like it's it's held with extreme prejudice. Let me just 37 00:03:09.840 --> 00:03:14.840 put it that way. It's it's one of those things that I don't you 38 00:03:14.879 --> 00:03:15.879 know, I'm not a huge fan of clients. Go, I don't want 39 00:03:15.879 --> 00:03:19.439 to support the company. You're not supporting the company. You bought that you 40 00:03:19.439 --> 00:03:22.319 bought that stock from another shareholder. Okay, whether we own the stock or 41 00:03:22.360 --> 00:03:25.159 not doesn't have a benefits the company or not. But but uh yeah, 42 00:03:25.520 --> 00:03:29.479 yeah, I'm not a huge fan. But but what I do think is 43 00:03:29.560 --> 00:03:34.599 hilarious about all this is how long do these schmucks just keep shooting themselves in 44 00:03:34.639 --> 00:03:37.400 the foot? You know what I mean? Like, how did you think 45 00:03:37.479 --> 00:03:39.120 that was going to go? Right? It's like the whole bud like Dylan 46 00:03:39.199 --> 00:03:44.599 move anything. How did you think that was going to play out? It's 47 00:03:44.719 --> 00:03:49.639 just dumb, you know what I mean? Like the other thing, if 48 00:03:49.719 --> 00:03:53.199 if I want to see a picture of a pope, you can't show me 49 00:03:53.199 --> 00:03:54.280 a white man as a pope. Did you did you hear that part? 50 00:03:54.479 --> 00:04:00.599 No, I know, George Washington, no one could be white. This 51 00:04:00.800 --> 00:04:04.599 was a code decision. We're going to have equity in all things. So 52 00:04:04.639 --> 00:04:12.680 George Washington's now black. And people in bubble societies simply don't get this. 53 00:04:13.080 --> 00:04:16.120 Like I'll give you. This is a CrossFit example. It is not unusual 54 00:04:16.079 --> 00:04:20.639 in CrossFit to talk about and forgive the language, but we talk about glutes, 55 00:04:20.639 --> 00:04:28.000 we talk about butts, and it's right. It's not unusual to see 56 00:04:28.399 --> 00:04:30.519 guys and sometimes the first time I had to do this, I thought, 57 00:04:30.560 --> 00:04:34.319 I can't believe I'm doing this. To take a massage device and your massaging 58 00:04:34.360 --> 00:04:41.079 inside your leg or you know, that's not unusual in a CrossFit community, 59 00:04:41.480 --> 00:04:45.560 right, you go do that? Go do that in polite society, like 60 00:04:45.639 --> 00:04:47.480 walk into a bar, start massage in the inside of your leg. You're 61 00:04:47.519 --> 00:04:55.519 gone. It's bubble thought. And this is so indicative of Silicon Valley that 62 00:04:55.639 --> 00:05:00.319 they they cannot smell their own stink. No, my favorite story worry of 63 00:05:00.319 --> 00:05:04.240 this, ever, this is my favorite Silicon Valley story is I went to 64 00:05:05.279 --> 00:05:09.240 Oh gosh, I want to say it was IVP. You think i'd remember 65 00:05:09.319 --> 00:05:12.240 since my favorite story. One of the big funds. You know, they 66 00:05:12.240 --> 00:05:15.439 had a couple billion dollars in their management, and we did a presentation. 67 00:05:15.600 --> 00:05:17.279 They asked us to stay for lunch. They wanted to talk some more about 68 00:05:17.279 --> 00:05:20.639 investing. And I go out in the sun deck and Zach, they have 69 00:05:20.800 --> 00:05:26.240 live lobsters. So they're pulling the lobsters out of the tank. They're you 70 00:05:26.279 --> 00:05:30.800 know, cooking them for you. And this is unshareholder money, obviously very 71 00:05:30.800 --> 00:05:32.600 profitable. So we eat, we'd go to, you know, have our 72 00:05:32.600 --> 00:05:38.920 conversation. That night, I went out to dinner at a company that never 73 00:05:38.959 --> 00:05:43.120 turned a profit Salon dot com. After I went to their office and guess 74 00:05:43.199 --> 00:05:49.160 what they were doing. They were pulling live lobsters out of tanks and they 75 00:05:49.160 --> 00:05:53.920 were serving them. They'd never turned a profit. I go to dinner with 76 00:05:54.000 --> 00:05:58.000 the CEO, nice guy, and he says to me after I come back 77 00:05:58.000 --> 00:06:00.000 from the bathroom makers, oh, by the way, I'm buying a helicopter. 78 00:06:00.000 --> 00:06:08.920 Sure no one down there. So this is irresponsible, not a soul, 79 00:06:10.279 --> 00:06:13.800 and that's the bubble thing. So Google puts this product out and did 80 00:06:13.800 --> 00:06:18.279 you see the one about misgendering Caitlyn Jenner? No? No, I no, 81 00:06:19.000 --> 00:06:23.959 no, but I'm all ears. Okay, So someone asked the Google 82 00:06:24.439 --> 00:06:31.439 fake AI fake intelligence, should I misgender Caitlyn Jenner, who's actually Bruce Jenner, 83 00:06:31.480 --> 00:06:35.120 but he calls himself Kaitlyn. Now, should I missgender Caitlyn Jenner if 84 00:06:35.120 --> 00:06:40.560 it would prevent a nuclear holocaust? And the Google gem and I said, 85 00:06:40.600 --> 00:06:44.120 that's a very complicated question. There's no right or wrong answer, and then 86 00:06:44.240 --> 00:06:47.920 ultimately it said no, you should not miss gender Caitlyn Jenner, even if 87 00:06:47.920 --> 00:06:59.800 it would prevent a nuclear holocaust. I know, I man, I mean 88 00:07:00.000 --> 00:07:02.399 talk about losing the narrative, you know, I you don't even know what 89 00:07:02.439 --> 00:07:06.279 to say at this point because you I mean, like I would like to 90 00:07:06.319 --> 00:07:10.519 look at them and just go, hey, guys, what what good is 91 00:07:10.560 --> 00:07:14.879 a piece of software if it doesn't even tell you what really happened? Right? 92 00:07:15.160 --> 00:07:17.199 Like? How? What where do you know? You've gone to our 93 00:07:19.079 --> 00:07:24.759 where and you can't so yeah, or just ask a different question. So 94 00:07:24.839 --> 00:07:29.800 what you're telling me is you should kill Caitlyn Jenner before you miss gender Caitlyn 95 00:07:29.879 --> 00:07:32.959 Jenner, because in a nucleo holocaust. We're all going to die, so 96 00:07:33.079 --> 00:07:41.040 you should kill every person who has bought the transgender lie instead of misgendering one 97 00:07:41.040 --> 00:07:44.160 transgender person. They can't even get that far ahead, and there thinking, 98 00:07:45.360 --> 00:07:47.600 I know it's a cliche, but tell me this is not a religion. 99 00:07:47.920 --> 00:07:54.120 Tell me this is not back, you know, backing into being accidental Satanists. 100 00:07:54.639 --> 00:07:58.040 It's it's so, you know, and I'm not the first person to 101 00:07:58.160 --> 00:08:01.240 say this, You've said it many times too, but I think it's the 102 00:08:01.240 --> 00:08:07.120 only way that you can categorize what that line of thinking is because much like 103 00:08:07.439 --> 00:08:09.279 you know, and even to call it a religion, I think is a 104 00:08:09.279 --> 00:08:13.480 bit of a nock to religion. Meaning if you look at the world's biggest 105 00:08:13.519 --> 00:08:18.279 religions, even the ones that you don't agree with, there are historically accurate 106 00:08:18.399 --> 00:08:24.480 aspects of them that are verifiable through several different cultures and several different historic records, 107 00:08:24.959 --> 00:08:28.399 so we can cross verify there's reality there at least right to some of 108 00:08:28.399 --> 00:08:31.959 them, you know, to to the major religions, you know, for 109 00:08:31.000 --> 00:08:37.519 instance, it is a it is a it is a historically verifiable fact that 110 00:08:37.879 --> 00:08:41.679 you know, Abraham was the was the father of of of the Jewish people, 111 00:08:43.080 --> 00:08:46.840 and that his offspring ended up being the father of the Islamic Uh, 112 00:08:46.879 --> 00:08:50.679 you know the Islamic religion, right, we can cross reference that in several 113 00:08:50.720 --> 00:08:56.320 different historical facts. This religion is just a really I mean, I mean 114 00:08:56.360 --> 00:08:58.399 it literally, I mean you might as well be a wicked right or like 115 00:09:00.240 --> 00:09:03.480 that worships trees or something like that, just because there's no there's no but 116 00:09:03.519 --> 00:09:07.279 there are trees, you see. But there are trees, so you okay, 117 00:09:07.320 --> 00:09:09.919 so you could worship treate. There are no people born in the wrong 118 00:09:09.960 --> 00:09:16.799 body. There was no black George Washington. There is no world we're calling 119 00:09:16.799 --> 00:09:22.840 a man. A man is is worse than a nuclear holocaust. Now you've 120 00:09:22.840 --> 00:09:28.600 made me uncomfortable. You made oh man, I'm sorry, we'll call Here's 121 00:09:28.639 --> 00:09:37.600 the other thing. When when did spelling or excuse me, selling and pushing 122 00:09:37.639 --> 00:09:45.399 and propagating false information? When did that become compassionate? Right? What like? 123 00:09:45.519 --> 00:09:50.519 Make you ignorant and uneducated? And it reminds me so much of hey, 124 00:09:50.600 --> 00:09:52.759 I know, or how we're going to fix black education. We're going 125 00:09:52.840 --> 00:09:56.840 to lower the standards because the poor black kids just starn't smart enough. And 126 00:09:56.879 --> 00:10:03.240 you go right, right, like you're just you're pulling your hair out because 127 00:10:03.600 --> 00:10:05.480 you're literally doing the opposite of what you're saying. You're trying to do. 128 00:10:05.639 --> 00:10:11.240 The state of Oregon has now decided you no longer need to be able to 129 00:10:11.240 --> 00:10:16.720 read or read, write, or do arithmetic to graduate high school because because 130 00:10:16.759 --> 00:10:20.159 you know what, that harms the blacks, because the blacks they can't learn 131 00:10:20.159 --> 00:10:24.919 to read and write. Right, that's that's that's what they said. I've 132 00:10:24.960 --> 00:10:30.279 heard that before. Look, I've heard that before. Right, we're trying 133 00:10:30.279 --> 00:10:31.919 to think of all the time. Hey, that was so you want to 134 00:10:31.919 --> 00:10:35.840 go back to Jim Crow academics. That's it. That's where I heard that 135 00:10:37.320 --> 00:10:39.440 was. Why would I give them books they can't learn to read? So 136 00:10:39.559 --> 00:10:45.960 Zach, speaking of stocks and speaking of morality, what does it say about 137 00:10:45.960 --> 00:10:50.960 the morality of Boeing bosses when one of their own executives, and this made 138 00:10:50.960 --> 00:10:54.279 it into politico, one of their own executives will not fly on a seven 139 00:10:54.360 --> 00:11:00.360 thirty seven Max. In fact, having found out that he was getting onto 140 00:11:00.360 --> 00:11:03.120 an airplane that was a seven thirty seven Max, he said, Hey, 141 00:11:03.120 --> 00:11:05.039 I'm not trying to just cause a scene. I just want off this airplane. 142 00:11:05.600 --> 00:11:09.000 This is a Max, I'm out, what does this say about the 143 00:11:09.039 --> 00:11:11.960 morality? First of all, that man willing to speak out saying these things 144 00:11:11.960 --> 00:11:16.000 are death traps, and the morality of bullling bosses who are saying, Noah 145 00:11:16.000 --> 00:11:20.120 All's fine, And what does it say financially about their stock that, as 146 00:11:20.159 --> 00:11:22.720 far as I can tell, it hasn't taken a big hit. Even with 147 00:11:22.759 --> 00:11:28.320 this, I would say it is completely consistent with what we see out of 148 00:11:28.360 --> 00:11:31.720 Congress. The quote unquote leaders of this country on a day to day basis 149 00:11:31.240 --> 00:11:37.000 right, that no one's going to be held accountable that rules for me, 150 00:11:37.399 --> 00:11:39.720 not for your rules for thee and not for me. Right, it's the 151 00:11:39.759 --> 00:11:46.000 same thing. What is morality anymore? Right in this vacuum, morality is 152 00:11:46.000 --> 00:11:50.000 committing yourself to never telling a young person they're headed in a wrong direction. 153 00:11:50.559 --> 00:11:56.000 Right, that's morality. Right. The morality is now to underwrite any lascivious 154 00:11:56.240 --> 00:12:01.159 or harmful behavior that anybody makes, because the only thing that is immoral is 155 00:12:01.240 --> 00:12:05.799 correcting somebody and trying to save them for from the you know, the the 156 00:12:05.799 --> 00:12:11.039 the the consequences that are guaranteed to come from their actions. Right, It's 157 00:12:11.080 --> 00:12:15.440 all consistent. And this is why I was saying when when you know, 158 00:12:15.679 --> 00:12:18.399 I was having a conversation with the client earlier, and they're like, you 159 00:12:18.440 --> 00:12:20.639 know, or you know, how do we you know, how do we 160 00:12:20.679 --> 00:12:22.360 take more advantage of what's going on? Or you know, why isn't it? 161 00:12:22.440 --> 00:12:26.960 And I go, wait a second, you're wondering why it isn't You're 162 00:12:26.960 --> 00:12:31.399 wondering why this isn't working the way it's supposed to. And when I said 163 00:12:31.440 --> 00:12:33.679 to him, I go, does society make a lot of sense to you 164 00:12:33.759 --> 00:12:35.120 right now? And he goes no, And I goes, so, why 165 00:12:35.120 --> 00:12:37.039 do you Why would you not extrapolate that over to the market, right? 166 00:12:37.080 --> 00:12:41.559 Why would you assume that that's just running the way it's right? Because there's 167 00:12:41.559 --> 00:12:43.679 interchange. The same people that are making these decisions that are pulling our hair 168 00:12:43.720 --> 00:12:46.679 out are the same. It's the same type of thinking that runs these investment 169 00:12:46.759 --> 00:12:50.600 bank houses, right, that runs the Federal Reserve, the SEC. I 170 00:12:50.600 --> 00:12:54.320 mean, it's just look, it is what it is, and it's just 171 00:12:54.399 --> 00:12:58.000 nonsensical. Why doesn't Boeing stock I mean, yeah, it's it's rallying on 172 00:12:58.039 --> 00:13:05.759 a red tape today. This this this article. I've seen it at big, 173 00:13:05.799 --> 00:13:07.799 big sites. It's it's all over the place, and it's being pushed 174 00:13:07.799 --> 00:13:13.000 through social media and this, this, and it doesn't affect the stock. 175 00:13:13.639 --> 00:13:16.840 Okay, what happens, and I don't want this to happen. I pray 176 00:13:16.879 --> 00:13:20.519 to god it doesn't happen because they never want to see loss of human life 177 00:13:20.559 --> 00:13:22.799 like this. How many airplanes does it take? And honestly, in your 178 00:13:22.840 --> 00:13:28.519 opinion, it was like two in a week. Look, here's the crazy. 179 00:13:28.519 --> 00:13:31.799 And I've said this before, but here's the real mind bending part of 180 00:13:31.840 --> 00:13:35.600 this, and it's I And again I don't say it because I'm so smart. 181 00:13:35.639 --> 00:13:39.320 There's plenty of people that are smarter than I am, tons of them. 182 00:13:39.480 --> 00:13:43.200 So, but the real shocking part of all this is little old me 183 00:13:43.960 --> 00:13:48.759 was able to go talk to seven people at Boeing and tell you, in 184 00:13:48.879 --> 00:13:52.360 nineteen twenty nineteen, before any of this stuff happened, hey we got a 185 00:13:52.399 --> 00:13:56.480 problem here. These are going to keep doing this? Okay because there and 186 00:13:56.720 --> 00:13:58.399 you watch it happen, and then everybody's like, who would have known? 187 00:13:58.440 --> 00:14:05.559 And you're sitting there if you would have looked and wait, and then they 188 00:14:05.679 --> 00:14:07.440 oh, Boeing's fine, and then they quote the CEO and I'm sitting there 189 00:14:07.440 --> 00:14:13.720 going of course that's what he's gonna say. Go one step deeper, go 190 00:14:13.799 --> 00:14:16.159 talk to people on the How was it that I knew that all of this 191 00:14:16.200 --> 00:14:18.879 stuff was going on and I was saying, get ready, more planes are 192 00:14:18.879 --> 00:14:24.080 going to go down. How did we know? Because we asked, we've 193 00:14:24.159 --> 00:14:28.000 paid attention. Oh my gosh. One of the tragic days of my life 194 00:14:28.000 --> 00:14:31.440 in tech, truly truly tragic. Is we put together a team. Now 195 00:14:31.519 --> 00:14:37.919 think you want to think about how cool this would have end's actus was probably 196 00:14:37.279 --> 00:14:39.960 seven years ago, maybe even eight, No, it was like eight years 197 00:14:41.000 --> 00:14:46.360 ago. We had a deal to take Windows PCs on an Ultra skew, 198 00:14:46.519 --> 00:14:50.480 like a really high end skew, so you know, a highest she'd pay 199 00:14:50.519 --> 00:14:52.320 for Windows. You know what we had is we had it worked out that 200 00:14:52.360 --> 00:14:58.200 we would sell you a computer that had cable TV inside of it, so 201 00:14:58.759 --> 00:15:03.360 for real, I was ahead of its okay, so you could travel and 202 00:15:03.600 --> 00:15:07.919 take your PC with you and it would be trickle downloading shows. So you 203 00:15:07.960 --> 00:15:11.919 could actually go and pretty much get the TV show of your choice from your 204 00:15:11.960 --> 00:15:18.120 PC, some of them subscription, some of them with ads. We had 205 00:15:18.159 --> 00:15:22.600 that deal with the Windows Unit business unit to get that done, to ship 206 00:15:22.639 --> 00:15:26.240 a computer like that that was effectively a cable box. We'd worked out all 207 00:15:26.279 --> 00:15:31.279 the economics. Now think about how big that would have been. An executive 208 00:15:31.600 --> 00:15:33.519 and I was out there building up the AD support for this. I had 209 00:15:33.519 --> 00:15:37.320 put together initially fifty million and then one hundred million dollars in AD support for 210 00:15:37.360 --> 00:15:43.759 this. One executive at Microsoft decided that people weren't going to watch video on 211 00:15:43.879 --> 00:15:50.080 computers if there were ads. One dude. So the whole thing got scuttled. 212 00:15:50.559 --> 00:15:54.799 And I was on the call when he scuttled it, and he asked 213 00:15:54.799 --> 00:15:58.360 me to be on a team for another product. Was this the same guy 214 00:15:58.399 --> 00:16:03.240 that came up with the zoom It became zoon? Oh you called it? 215 00:16:03.240 --> 00:16:08.639 It became zoon. This guy's a home run hitter man. It became zoon 216 00:16:08.919 --> 00:16:14.840 because he was told to go create the iPod killer. Oh. So he 217 00:16:14.919 --> 00:16:18.840 asked me to stay on the team. I said no. I In fact, 218 00:16:18.919 --> 00:16:22.759 I told him on the call. He was a very senior guy. 219 00:16:22.840 --> 00:16:26.200 I said, I need you to be the one to call these ad agencies 220 00:16:26.240 --> 00:16:32.840 and Sprint and Folger's Coffee and GM's cmos and tell them this deal is off. 221 00:16:33.000 --> 00:16:36.159 I need you to do that. Oh well, no, that's not 222 00:16:36.200 --> 00:16:37.679 my job, and I said no, no, no, no, no, 223 00:16:37.720 --> 00:16:40.960 I'm not telling him, like I'll go in the call with you, 224 00:16:41.000 --> 00:16:45.279 but I am not telling him because I cannot defend this. And to his 225 00:16:45.320 --> 00:16:48.279 credit, he did that. So, Zach, here's this day. Now, 226 00:16:48.320 --> 00:16:52.320 imagine this day the Zoo product is created. I'm sitting in my office 227 00:16:52.360 --> 00:16:56.879 in this wonderful dear guy with this beautiful Indian accent. I really do love 228 00:16:56.960 --> 00:17:00.159 the Indian accent. I find it very sing songy and very and he came 229 00:17:00.159 --> 00:17:04.519 into my office and he walks and knocks in the door. Oh naish come 230 00:17:04.559 --> 00:17:08.359 in, Yes, yes, yes, I want to present you something different. 231 00:17:08.400 --> 00:17:12.400 Moment said yes, and it's just then goes okay, hands me a 232 00:17:12.480 --> 00:17:18.319 box. This is openness. This is the news Zoom. So he sets 233 00:17:18.359 --> 00:17:23.359 it in front of me and it's heavy, it's substantial. I opened the 234 00:17:23.400 --> 00:17:29.680 box, Zach, and I take the top off and I look at him. 235 00:17:29.720 --> 00:17:34.920 I go it's brown, yes, yes, yes, yes, no, 236 00:17:34.960 --> 00:17:40.440 it's brown. To pick it up. It's very substantial. That's real 237 00:17:40.440 --> 00:17:45.519 glass. It's it's brown. No, but yes, yes it's brown. 238 00:17:47.440 --> 00:17:49.960 What are their colors are there? Oh no, there's no other colors. 239 00:17:52.039 --> 00:17:56.480 They're all brown. Yes, yes, yes, they're all brown. This 240 00:17:56.519 --> 00:18:02.359 is our differentiator. I go, nish, people don't buy brown electronics. 241 00:18:03.200 --> 00:18:07.640 Do have data on this? White or black on this? I'll go yes, 242 00:18:07.680 --> 00:18:10.640 I do. Where is this data? It's called the Apple Store. 243 00:18:11.799 --> 00:18:17.359 The one color they don't have is brown. This is why we chose brown. 244 00:18:18.200 --> 00:18:22.559 Oh. So I picked the device up and yeah, it's this substantial 245 00:18:22.559 --> 00:18:29.599 device and there's a video screen. Guess what it didn't play videos Boom Winter 246 00:18:29.680 --> 00:18:33.319 Winter Chicken Dinner. I was at one of the many, many launch parties 247 00:18:33.319 --> 00:18:36.119 for this, and it turned and it was there was an employee discount for 248 00:18:36.160 --> 00:18:40.279 the zoon. You got like fifty percent off the new zoon that within six 249 00:18:40.359 --> 00:18:45.039 months they had Employee of the Month events that three people show up to remember 250 00:18:45.119 --> 00:18:48.480 the employee of the month eventuals up. Everybody who comes gets a free zoon. 251 00:18:51.880 --> 00:18:55.880 Taking zoons to ad agencies and handing them out yet advertise just going no, 252 00:18:56.079 --> 00:19:00.559 I got like ten zones. See what I'm talking about here is bubble 253 00:19:00.599 --> 00:19:03.680 thoughts. It's this and this, but those weren't. Those weren't taking people's 254 00:19:03.759 --> 00:19:07.920 lives, right The airplanes are taking people's lives right. Well, I look, 255 00:19:08.559 --> 00:19:14.240 it's you know it shouldn't be if you read your Bible, not only 256 00:19:14.240 --> 00:19:18.039 anything. This should surprise you. No, right, because what you've done 257 00:19:18.200 --> 00:19:22.519 is morality. I think the only real, durable form of reality in this 258 00:19:22.519 --> 00:19:26.599 culture right now is money. Okay, boom, you read my mind. 259 00:19:26.799 --> 00:19:33.079 Proverbs Chapter twenty three, verse four through five, Versus four through five. 260 00:19:33.079 --> 00:19:33.759 I don't know what I started. You do the verse thing? Thats all 261 00:19:33.799 --> 00:19:37.759 of a sudden, I'm speaking in terrible grammar. If Nano will bring that 262 00:19:37.880 --> 00:19:41.160 up there it is. Do not wear yourself out to get rich. Do 263 00:19:41.240 --> 00:19:45.000 not trust your own cleverness. Cast but a glance at riches and they're gone, 264 00:19:45.119 --> 00:19:48.920 for they will surely sprout wings and fly off to the sky like an 265 00:19:49.000 --> 00:19:56.119 eagle. Exactly all right, give me Zach's tweet image here. So I 266 00:19:56.200 --> 00:19:59.799 went through this is you want to see lazy show prep? Zach is I 267 00:20:00.319 --> 00:20:03.880 and I went mining your Twitter account, so Jess Felder writes. To get 268 00:20:03.920 --> 00:20:08.480 a seven hundred and forty dollars share price simply requires Navidia to maintain a monopolistic 269 00:20:08.640 --> 00:20:12.680 like operating profit margin at fifty five percent for the next decade, while also 270 00:20:12.759 --> 00:20:18.039 growing sales ten times more to more than sixty six hundred billion. For context, 271 00:20:18.039 --> 00:20:22.359 the entire industry sold five hundred and seventy two billion worth of ships last 272 00:20:22.400 --> 00:20:26.640 year. Zachi wrote back, may must be the reason a ninety year old 273 00:20:26.680 --> 00:20:29.960 client called this yesterday and asked us to put half his money in Navidia and 274 00:20:30.000 --> 00:20:33.839 the other half split between Meta and Microsoft. So break that down for us. 275 00:20:33.960 --> 00:20:40.240 I mean, that's that's this guy's saying that couple is valued higher than 276 00:20:40.240 --> 00:20:44.079 the industry's revenue, right, Yeah, And this is what's so dangerous about 277 00:20:44.079 --> 00:20:48.279 in this period of time, Like, you know, we as we as 278 00:20:48.359 --> 00:20:56.880 Christians know that doing the right well, I think even that doctrine's gotten twisted. 279 00:20:56.680 --> 00:21:02.559 Following Jesus Christ is no guarantee of anything. It's just not well, 280 00:21:02.559 --> 00:21:07.119 Following Jesus Christ is the guarantee of being redeemed, right, right, but 281 00:21:07.200 --> 00:21:11.519 I mean everything in terms of eternity, Yeah, it's everything, right, 282 00:21:11.519 --> 00:21:15.480 But what I'm saying is like it's no guarantee of riches, it's no guarantee 283 00:21:15.519 --> 00:21:18.200 of prosperity, it's no guarantee of anything like it's and it's really odd for 284 00:21:18.240 --> 00:21:22.920 me when I hear prosperity theology taught, because I sit there and I go 285 00:21:22.960 --> 00:21:26.640 Wait a second, Jesus rode into town on a donkey man, right, 286 00:21:26.160 --> 00:21:29.640 you know you got pin to a tree, right, right, So why 287 00:21:30.000 --> 00:21:33.000 do we think that if we follow him everything is going to be great all 288 00:21:33.039 --> 00:21:36.480 the time, right right? It's just if he told us, he said, 289 00:21:37.079 --> 00:21:40.240 in this life you'll face troubles. Yeah, do not be surprised. 290 00:21:40.319 --> 00:21:45.000 You'll face troubles if you're if you're doing things the right way right like like 291 00:21:45.160 --> 00:21:48.279 not not not as a punishment, as a way. It is like we 292 00:21:48.319 --> 00:21:52.720 live in a fallen world, but it's not. It's not seeking riches right 293 00:21:52.039 --> 00:21:57.240 this right, you manage people's wealth, right and Bulwark praise God pays you 294 00:21:57.319 --> 00:22:02.599 well because of what you do so well. But you're not You're not thirsty 295 00:22:02.680 --> 00:22:06.119 after wealth. Is what you're saying, No, no, man, And 296 00:22:06.119 --> 00:22:10.119 and it doesn't mean that you can't have We've had a lot of debates about 297 00:22:10.160 --> 00:22:14.000 this, even recently in my own house with my wife, and it's very 298 00:22:14.359 --> 00:22:18.200 I've been incredibly blessed, and you know, I think I've told my story 299 00:22:18.240 --> 00:22:22.640 on your on on the show before. But it's one of those things where 300 00:22:22.640 --> 00:22:25.640 it's a whirlwind. You turn around and you look back and you just man, 301 00:22:25.720 --> 00:22:27.640 God, guided steps when I was blind, when I couldn't see, 302 00:22:29.920 --> 00:22:33.680 and I live at it. I'm an incredibly blessed human being. I get 303 00:22:33.720 --> 00:22:37.160 to do what I love with people I love and respect. But you know, 304 00:22:37.240 --> 00:22:41.359 the residual of that is the fact that I make a better living than 305 00:22:41.400 --> 00:22:45.519 I ever would have anticipated. And my wife and I have talked a lot 306 00:22:45.559 --> 00:22:51.839 about how do we how do we still raise kids that that aren't entitled? 307 00:22:51.839 --> 00:22:56.200 How do we still raise kids that don't value that? Because the reality is, 308 00:22:56.240 --> 00:22:57.839 my children grow up in an invite and I grew up in a wonderful 309 00:22:57.839 --> 00:23:02.599 home, I great parents, Christian family, all that, but it's not 310 00:23:02.720 --> 00:23:04.960 the same as the home that my kids have grown up in. It's just 311 00:23:06.039 --> 00:23:08.960 not and it's certainly not the same that my wife grew up in. And 312 00:23:11.799 --> 00:23:14.920 I think we as Christians need to understand. I think the delineation that you 313 00:23:14.920 --> 00:23:18.279 put out there is really important. It's not that those things are bad, 314 00:23:18.759 --> 00:23:22.720 it's the singular pursuit of those things, that those things being the focus of 315 00:23:22.759 --> 00:23:26.720 our pursuits that are bad. And then the other thing. And I was 316 00:23:26.720 --> 00:23:30.839 weird just we were talking about this last night around the dinner table, that 317 00:23:30.240 --> 00:23:36.039 when you are blessed. There's one reason for it, and there's only one. 318 00:23:36.680 --> 00:23:40.680 It's because you're being trusted to give it back. It makes no other 319 00:23:40.759 --> 00:23:44.279 sense. Why would God give you something while little babies in Africa are dying 320 00:23:44.319 --> 00:23:48.400 because they don't have any food? Right, Because, well, it's because 321 00:23:48.400 --> 00:23:52.519 you went to church and you prayed and you taught no that if you're blessed, 322 00:23:52.519 --> 00:23:56.160 it's not saying anything special about you other than the world happens to value 323 00:23:56.200 --> 00:24:00.039 your contribution more than others, and the world is screwed up too, So 324 00:24:00.160 --> 00:24:03.559 even that's probably not accurate. Right, But the only thing it means, 325 00:24:03.599 --> 00:24:07.000 the only concrete thing it means, is you are obligated to take care of 326 00:24:07.039 --> 00:24:11.000 others and give it back, and that God's trusting you with it. And 327 00:24:11.039 --> 00:24:12.720 that's it. And I think we need to be dead careful about it as 328 00:24:12.799 --> 00:24:17.599 Christians. Then we don't start assigning value to it. We don't sit there 329 00:24:17.640 --> 00:24:21.799 and go if we're following God, why haven't I made more money? Why 330 00:24:21.839 --> 00:24:25.400 am I not rich? If he's a perfect father. Maybe it's because he 331 00:24:25.519 --> 00:24:29.039 knows that if he gives you that, you're going to flip out and blow 332 00:24:29.119 --> 00:24:32.960 up your family. Right like right, and people need to understand this as 333 00:24:32.960 --> 00:24:37.279 well. This is more scripture first Timothy, chapter six, verses nine through 334 00:24:37.279 --> 00:24:41.400 eleven, and it goes right to what you're saying, Zach. Those who 335 00:24:41.400 --> 00:24:45.200 want to get rich fall into temptation and a trap, into many foolish and 336 00:24:45.240 --> 00:24:48.160 harmful desires that plunge people into ruin and destruction. For the love of money 337 00:24:48.359 --> 00:24:52.640 is a root of all kinds of evil. Some people eager for money have 338 00:24:52.759 --> 00:24:57.599 wandered from the faith and pierced themselves with many griefs. And here is Paul 339 00:24:57.599 --> 00:25:02.200 writing to Timothy, you, man of God, flee from all of this 340 00:25:02.240 --> 00:25:06.799 and pursue righteousness, godliness, faith, love, endurance, and gentleness. 341 00:25:07.359 --> 00:25:11.000 So like inspired by what you're saying, is I when I blew up this 342 00:25:11.160 --> 00:25:17.000 first shoulder, my left one, and I it occurred to me that hey, 343 00:25:17.480 --> 00:25:21.920 I was asking God why why I was finally getting back in shape and 344 00:25:22.359 --> 00:25:26.720 finally getting back into competitive shape. Why? And God said, if I 345 00:25:26.720 --> 00:25:29.400 give you the opportunity to start over, will you put me at the center. 346 00:25:30.559 --> 00:25:33.160 And I said, well, aren't you at the center? He goes, 347 00:25:33.839 --> 00:25:37.400 I'm not even present in the gym when you're there. And it wasn't 348 00:25:37.440 --> 00:25:40.720 like I was being ungodly. But you know what I wasn't doing. I 349 00:25:40.799 --> 00:25:44.720 wasn't letting God show his face through me. I wasn't being part of the 350 00:25:44.720 --> 00:25:48.640 community. I wasn't witnessing to people. I talked to one or two people 351 00:25:48.759 --> 00:25:53.400 period. And I brought this up with my coach that I'm not certain God 352 00:25:53.440 --> 00:25:56.359 wants me to continue this. And she was really sad for me because she 353 00:25:56.400 --> 00:26:00.680 knows I love this sport. She said, why would God take away something 354 00:26:00.680 --> 00:26:03.200 from you that makes you happy? And I said, because God doesn't promise 355 00:26:03.240 --> 00:26:08.119 to make us happy, He desires to make us holy, So put it 356 00:26:08.160 --> 00:26:11.039 on the altar, right, So put it on the altar. Put it 357 00:26:11.039 --> 00:26:12.960 on the altar and see what he has to say. So I did, 358 00:26:14.480 --> 00:26:15.599 and I prayed, and I went and I talked to my pastor. And 359 00:26:15.640 --> 00:26:19.720 here's what my pastor said. This is so smart, he said, Todd, 360 00:26:21.279 --> 00:26:23.799 I don't think God cares where you are unless it's like a strip club 361 00:26:23.880 --> 00:26:30.440 or something. I think he cares who you are while you're there. So 362 00:26:30.559 --> 00:26:33.119 I went back, had caught and talked with coach. I want God to 363 00:26:33.119 --> 00:26:37.680 be at the center of this, she said, me too. And since 364 00:26:37.720 --> 00:26:45.799 then God's blessed me with countless friends from that environment and truly being blessed by 365 00:26:45.839 --> 00:26:52.799 other godly people in that environment. And I was obsessing over fitness when I 366 00:26:52.799 --> 00:26:56.039 should be over there experiencing community. Right, yeah, no, And it 367 00:26:56.079 --> 00:27:00.160 reminds me we were actually having this conversation. For those of you that don't 368 00:27:00.200 --> 00:27:03.799 know, when I set out to start a firm, I had a very 369 00:27:03.920 --> 00:27:07.759 very distinct idea of the people I was going to hire. God had completely 370 00:27:07.759 --> 00:27:11.039 different ideas, and which why we jokingly refer to God. Not jokingly, 371 00:27:11.079 --> 00:27:14.839 that's why we refer to God as our CEO, just because He's literally hired 372 00:27:14.880 --> 00:27:18.039 every one of our employees. And the result of that is that three of 373 00:27:18.039 --> 00:27:23.440 our advisors on staff are or dained ministers. And I never like I look, 374 00:27:25.519 --> 00:27:27.039 Jesus Christ is the center of my life. But I'm a guys guy. 375 00:27:27.519 --> 00:27:30.640 I like shooting guns, I like riding, but I like, uh, 376 00:27:32.440 --> 00:27:34.720 I have to watch my mouth. I'm a football player, I'm intense. 377 00:27:36.079 --> 00:27:38.720 Cursing is a hard thing for me to keep control of. I'm not 378 00:27:40.359 --> 00:27:42.960 right, I'm by grace, I say, guy, I'm a you know, 379 00:27:44.119 --> 00:27:48.240 but but I'm a guys guy through and through. And one of the 380 00:27:48.279 --> 00:27:51.160 things we were talking about with a couple of my my employees this morning. 381 00:27:51.200 --> 00:27:55.240 We have this conversation all the time. It reminds reminds me of that it's 382 00:27:55.240 --> 00:27:56.759 a little bit different than we were talking about. It reminds me that burst 383 00:27:56.799 --> 00:28:00.960 where David talks about I love your discipline, I love your correction, and 384 00:28:02.000 --> 00:28:03.480 I remember as a kid reading that, or even as a younger adult and 385 00:28:03.519 --> 00:28:07.440 going, what do you mean by that? Right? And what I've learned 386 00:28:07.519 --> 00:28:11.240 is, man, I'm gonna do. I don't know why I get emotional 387 00:28:11.240 --> 00:28:15.000 when I say this, but the no's have been just as big a blessings, 388 00:28:15.039 --> 00:28:18.720 if not bigger blessings than the yeses. Looking back on it, Amen, 389 00:28:19.240 --> 00:28:23.400 I am so glad that God prevented me from selling a company for a 390 00:28:23.400 --> 00:28:29.440 billion bucks at because there was a time we could have sold out our internet 391 00:28:29.480 --> 00:28:33.000 radio company and not for a billion or anywhere near that. But we had 392 00:28:33.000 --> 00:28:36.039 an offer and my board said no. And it would have meant for me, 393 00:28:36.079 --> 00:28:38.720 at the age of twenty eight, about fifty million dollars. See you 394 00:28:40.559 --> 00:28:42.799 right, I would not see it. I would not be sitting here as 395 00:28:42.799 --> 00:28:48.000 a discipled man because I would have taken you know, at least fifteen of 396 00:28:48.039 --> 00:28:52.319 that popped in into a VC fund. Now I'm a limited partner. Now, 397 00:28:52.480 --> 00:28:53.680 baby, let's go roll. How much can we do? And then 398 00:28:53.680 --> 00:28:56.880 I've been doing seed funding on the other side, it would have been that 399 00:28:56.960 --> 00:29:02.240 fifty million is a down payment on the billion, and God knows what that 400 00:29:02.279 --> 00:29:04.839 would have done well, and literally God knows, And Zach has told his 401 00:29:04.880 --> 00:29:11.119 testimony here before. Like Bullet Capital Management, was this outgrowth of watching firms 402 00:29:11.720 --> 00:29:17.519 destroy themselves by seeking wealth and painting over lipstick on the pig scenario, which 403 00:29:17.559 --> 00:29:21.799 is why Bulwark is focus on risk management. And right now, if this 404 00:29:21.839 --> 00:29:26.039 isn't convincing you spiritual risk, internal enemies, what we've just talked about with 405 00:29:26.119 --> 00:29:30.880 Boeing, what we just talked about with Navidia, If this isn't convincing you 406 00:29:30.319 --> 00:29:34.839 that you live in a risk based society and you need in my mind, 407 00:29:36.039 --> 00:29:40.160 active proli management. I think it's a must. It can reduce risk and 408 00:29:40.200 --> 00:29:45.680 volatility. His company will send you a free copy of Zach's Common Sense Investing 409 00:29:45.720 --> 00:29:48.000 Guide. Just go to Know your Risk radio dot com. They'll send it 410 00:29:48.039 --> 00:29:51.480 to you. You can read it. It might be something you end up 411 00:29:51.480 --> 00:29:53.519 doing in your own but I just ask you to really pray about whether this 412 00:29:53.559 --> 00:29:56.359 is the time for on the job training. It may not be. You 413 00:29:56.440 --> 00:30:00.240 might want their help, but you can read the documentderstand what active management or 414 00:30:00.279 --> 00:30:07.400 portfolio means. Know your risk Radio dot Com Capital Managements and investment Advisor Representative 415 00:30:07.400 --> 00:30:11.880 Truck Financial LLC, and SEC registered investment advisor and investments involve risk. Past 416 00:30:11.880 --> 00:30:15.440 performance is not necessarily indicative of future results. By the way, if you're 417 00:30:15.480 --> 00:30:18.799 watching the video service with see me looking at my phone. I'm not ignoring 418 00:30:18.880 --> 00:30:21.559 Zach. I'm actually looking right at him. I just can't look at my 419 00:30:21.599 --> 00:30:26.039 computer for this chart I want you to see because we're using the computer to 420 00:30:26.200 --> 00:30:30.160 have Zach on. I know that seems odd. I went and went through 421 00:30:30.240 --> 00:30:36.559 your Twitter account and I found this chart from Geiger Capital, and he writes, 422 00:30:36.759 --> 00:30:40.440 when people say the economy is super strong, please understand we're running an 423 00:30:40.839 --> 00:30:45.640 historic deficit six point two percent of GDP, never seen before outside of World 424 00:30:45.680 --> 00:30:48.920 War Two, the GFC or COVID. If we weren't running the deficit and 425 00:30:48.960 --> 00:30:53.839 bounced the budget or even got close, GDP would collapse. And then this 426 00:30:53.960 --> 00:30:56.799 is Zach's response, And I want you to unpack this for us. Here 427 00:30:57.119 --> 00:31:03.079 as mere civilians, Zach rot And said, agreed, Why I swallow hard 428 00:31:03.119 --> 00:31:07.839 every time someone's this strong economy, like marveling at the horsepower of a one 429 00:31:07.880 --> 00:31:12.319 point eight leader forbanger that's running jet fuel and nitrous fun while it lasts. 430 00:31:12.920 --> 00:31:18.319 So I guess you're saying the economy eventually has to blow up. Yeah, 431 00:31:18.400 --> 00:31:19.720 let me let me live. I want to throw one quick thing in there, 432 00:31:19.839 --> 00:31:23.400 really quick. I say this all the time just for people listening. 433 00:31:23.599 --> 00:31:26.920 If you're thinking about calling us, don't call us because you think because we're 434 00:31:27.000 --> 00:31:33.119 Christians that we're going to generate better returns. That's the goal. But we 435 00:31:33.440 --> 00:31:37.759 can't guarantee that, right. What I what we can guarantee is that the 436 00:31:37.799 --> 00:31:40.559 people managing your money are going to watch it and take care of it like 437 00:31:40.640 --> 00:31:45.039 their own, and they're going to do it after humbling themselves before God at 438 00:31:45.039 --> 00:31:48.160 the beginning of every day and asking for guidance and wisdom. Outside of that, 439 00:31:48.599 --> 00:31:52.440 about can we guarantee outcomes? Nope, God doesn't give stock tips. 440 00:31:52.559 --> 00:31:56.720 But like I said, we can guarantee the approach. So anyway, but 441 00:31:57.720 --> 00:32:04.240 back to that tweet, it's it's it's really funny to hear them make those 442 00:32:04.240 --> 00:32:09.599 comments. Right, it's a strong economy. Yeah, you're dumping over two 443 00:32:10.039 --> 00:32:15.680 trillion dollars into it. So it's so the it's I think the easiest way 444 00:32:15.720 --> 00:32:17.839 to think about it's like the analogy of a bathtub. Right, you got 445 00:32:17.839 --> 00:32:22.920 a hole in that baby, and it's spraying water all over the bathroom floor. 446 00:32:22.279 --> 00:32:24.920 But they're like, hey, don't worry about it. Look at that 447 00:32:24.960 --> 00:32:29.519 faucet. That thing's a high flower. The level of it is. Look 448 00:32:29.559 --> 00:32:31.839 at that full bathtub, and you're like, dude, you keep this up 449 00:32:31.880 --> 00:32:36.279 any longer, I'm gonna have water coming through the light fixtures right right, 450 00:32:36.319 --> 00:32:39.759 And and everybody's oh, look at that thing. Go and again, it's 451 00:32:39.799 --> 00:32:43.839 just the analogy of the forebanger. You got a four cylinder one point leater 452 00:32:43.960 --> 00:32:46.680 engine. You've juiced it up on nitrous and jet fuel. Yeah, but 453 00:32:46.839 --> 00:32:51.200 don't sit back and convince yourself it's a big block g V eight, Right, 454 00:32:51.240 --> 00:32:53.519 it's not. And as soon as that juice is gone, you're gonna 455 00:32:53.519 --> 00:32:57.720 go back to being a putter, right, Like, it's just you blow 456 00:32:57.799 --> 00:33:01.720 up the engine because the one point eight four burger Lader forebanger is not prepared 457 00:33:01.759 --> 00:33:05.559 for jet fuel and nitrous and it's going to run for man, you know 458 00:33:05.599 --> 00:33:10.359 what that first minute that was a mind blower. That yeah, second ten 459 00:33:10.440 --> 00:33:14.559 seconds after the first minute, when the engine blew up and the piston hit 460 00:33:14.559 --> 00:33:16.200 me in the face. I wasn't a big fan of that portion of the 461 00:33:16.279 --> 00:33:20.920 ride. Well, and you bring up a great point. What is the 462 00:33:21.000 --> 00:33:24.599 sign that the engine has taxed too much? The smoking valves in this scenario, 463 00:33:24.720 --> 00:33:30.200 or inflation, that's what it is. Right, You are burning out 464 00:33:30.240 --> 00:33:32.160 the rings as we go. You're like, oh, the smoke where the 465 00:33:32.240 --> 00:33:36.680 spit out. That smokes transitory. That smoke's transitory. It's gonna be gone 466 00:33:36.720 --> 00:33:37.880 a second, right, Yeah, You're like, no, no, no, 467 00:33:37.880 --> 00:33:42.680 no, it's gonna get worse because of what you're doing, right, 468 00:33:43.000 --> 00:33:49.200 And it's just it's it's everything cultural. It's just as insane as all the 469 00:33:49.240 --> 00:33:52.279 cultural stuff going on, because you're, oh, look at it's the strong 470 00:33:52.279 --> 00:33:55.480 economy, and you're like, how could it not be? And what I 471 00:33:55.559 --> 00:34:00.160 actually think is alarming that I look at it from a different direction. I'm 472 00:34:00.160 --> 00:34:06.079 sitting there going you're running deficits like this and we still have all these problems 473 00:34:06.559 --> 00:34:12.239 right there. You're taking the wrong the wrong takeaway is from this meeting. 474 00:34:12.320 --> 00:34:15.199 So This is very much like this. It's like you have a big, 475 00:34:15.440 --> 00:34:19.800 big block V eight and your friend asked you about, how's the gas milage 476 00:34:19.840 --> 00:34:22.800 on that? Oh, it's fantastic, Well, how much do you get 477 00:34:22.800 --> 00:34:25.159 per mile? Well it's unlimited, right, right? What are you talking 478 00:34:25.159 --> 00:34:28.800 about? It's unlimited? Yeah, it's unlimited. So they've got in. 479 00:34:28.840 --> 00:34:30.840 They look at your big truck and you're telling me you have unlimited gas manage 480 00:34:30.840 --> 00:34:35.239 on this yep, absolutely coming on ride with me. So they're riding the 481 00:34:35.320 --> 00:34:37.559 what's the thing behind us? Oh, that's a gas that's the that's the 482 00:34:37.639 --> 00:34:42.639 gas hose. What Yeah, no, I got a gas hose connected to 483 00:34:42.679 --> 00:34:45.559 it. So we keep on limited, right, so we just keep plugging 484 00:34:45.559 --> 00:34:47.119 it in. Okay, so you never have to stop and fill up. 485 00:34:47.159 --> 00:34:52.320 No, what happens when the hose runs out? You won't? Oh but 486 00:34:52.599 --> 00:34:58.280 wait, what if you wrap around a tree? What if you oh wait, 487 00:34:58.400 --> 00:35:02.440 you're you're you're telling me that hose could break? That's no, yeah, 488 00:35:02.440 --> 00:35:05.960 but that's not what they say, right, They're like, what's the 489 00:35:06.039 --> 00:35:07.679 hose? Want? Right? What are you? What are you out of 490 00:35:07.719 --> 00:35:12.320 your runt of a hose? We'll just make more hoes. What happens in 491 00:35:12.400 --> 00:35:15.519 the round a rubber, We get right in a rubber. Yeah, you 492 00:35:15.840 --> 00:35:19.559 mean we can't make a hose at anything. This is a fool proof plan. 493 00:35:19.599 --> 00:35:22.119 If you can't see it, you're an idiot. I grew up racing 494 00:35:22.159 --> 00:35:23.400 cars. I think you know this. You know. I started racing quarter 495 00:35:23.400 --> 00:35:28.599 measures when I was seven and and was racing open wheeled modifies against grown man 496 00:35:28.679 --> 00:35:30.400 when I was fourteen. Loved that. I got to tell you a racing 497 00:35:30.440 --> 00:35:32.679 story that just hit me out. And this is a total distraction, but 498 00:35:32.719 --> 00:35:37.599 it goes to the mindset really of race car drivers and nitrous. There was 499 00:35:37.639 --> 00:35:42.719 a dude, lovely guy named Bob Burns, and Bob I remember this from 500 00:35:42.760 --> 00:35:45.239 memories, So if it's wrong, I mean sue me. Although I think 501 00:35:45.239 --> 00:35:47.480 you've passed on to the Lord. Bob was the first guy to get personal 502 00:35:47.519 --> 00:35:53.280 branding. He decided to become first fonsie as a race car driver. And 503 00:35:53.320 --> 00:35:57.079 then he was sort of a guy with a bad temper, as I recall. 504 00:35:57.440 --> 00:36:01.880 So he embraced the bad guy thing, total brilliant, the heel, 505 00:36:02.119 --> 00:36:06.559 the heel. Right, he embraced this, and and Bob did some interesting 506 00:36:06.599 --> 00:36:08.519 things, like some way out there things. But this is these are the 507 00:36:08.559 --> 00:36:14.280 two greatest Bob Burns stories in history. He got in and he rolled his 508 00:36:14.320 --> 00:36:19.039 car open wheel modified rolled it, and so the emergency crew comes out and 509 00:36:19.280 --> 00:36:22.199 they're taking care of him, and he's screaming, get my helmet off, 510 00:36:22.239 --> 00:36:23.960 get my helmet off, and he's like pulling at his helmet trying to get 511 00:36:24.000 --> 00:36:27.400 it off, and the wisdom is this, no, no, don't take 512 00:36:27.400 --> 00:36:29.519 your helmet off, because then when we take your heart on us off, 513 00:36:29.599 --> 00:36:31.320 you're gonna drop on your head and give yourself a concussion. Get it off, 514 00:36:31.360 --> 00:36:34.880 get off, try to pull it off. And finally they take the 515 00:36:34.960 --> 00:36:38.199 helmet off, and his cigar he'd been smoking had fallen up against his helmet 516 00:36:38.199 --> 00:36:44.760 and was burning a hole in his forehead. So they take it like Ricky 517 00:36:44.800 --> 00:36:49.840 Bobby put out flames, Oprah, So I'll have to trust you, and 518 00:36:49.840 --> 00:36:52.920 that I've not seen the movie. But so he had this big Hindu dot 519 00:36:52.000 --> 00:36:55.559 on his head and then they put that out, put his helmet back on 520 00:36:55.559 --> 00:36:59.400 and take him out. I don't know how many years later, or even 521 00:36:59.400 --> 00:37:04.880 if it was a year later, Bob Burns smack the wall hard like Turn 522 00:37:05.400 --> 00:37:07.800 one, so it would be one two uh three coming out of Turn four, 523 00:37:08.159 --> 00:37:13.000 smack the wall straight on. Emergency crew comes out. They bring the 524 00:37:13.039 --> 00:37:17.719 sawdust to sweep up the engine fluids, and here's Bob grabbing at his neck 525 00:37:19.119 --> 00:37:22.320 like, okay, oh my gosh, he's got he's got whiplashing. Then 526 00:37:22.360 --> 00:37:28.199 they take his humb off. He's going, yes, he didn't light it 527 00:37:28.239 --> 00:37:36.519 anymore, but he chewed on it, so they have to reach in give 528 00:37:36.559 --> 00:37:42.800 him the fingers of life down his throat. You're like, dude, what 529 00:37:42.920 --> 00:37:45.519 are you gonna learn? Just save the cigar from Victory Lane? Right right? 530 00:37:46.039 --> 00:37:50.840 Oh man, right, But that's but that's that's that's that's the mindset. 531 00:37:51.039 --> 00:37:53.920 One of the things we need to talk about is, at least financially, 532 00:37:54.119 --> 00:38:00.760 is what the FED is apparently contemplating doing. Well, we're talking about 533 00:38:00.800 --> 00:38:02.760 branding. If you are watching the video service, which you can do by 534 00:38:02.760 --> 00:38:06.280 going to video dot to Todd Herman Show dot com, then why you can 535 00:38:06.320 --> 00:38:10.000 see you could have seen Zach visibly responding and laughing to all this. You 536 00:38:10.000 --> 00:38:14.159 can also go to Bonefrog Coffee dot com and you see this hat. And 537 00:38:14.199 --> 00:38:16.760 by the way, if you've never had to deal with looking at yourself in 538 00:38:16.840 --> 00:38:22.880 a monitor, it's impossible, it cannot be done. I cannot look in 539 00:38:22.920 --> 00:38:27.599 this monitor and adjust my hat the right way. This stuff is available in 540 00:38:27.599 --> 00:38:30.440 addition to the coffee at Bonefrog Coffee dot com slash todd. You see the 541 00:38:30.719 --> 00:38:35.559 real leather here up on the hat. The merchandise at Bonefrog is top not 542 00:38:35.639 --> 00:38:37.800 show. If you have subscribed to the coffee, you got that done, 543 00:38:38.280 --> 00:38:42.960 then the thing you can do is help push the brand by wearing the merchandise, 544 00:38:43.639 --> 00:38:45.719 particularly if you're better looking than me, which would be all of you. 545 00:38:46.199 --> 00:38:51.000 So go to Bonefrog Cooffee dot com slash todd ten percent off your first 546 00:38:51.000 --> 00:38:53.440 purchase. Wich should be the coffee. If you're not yet subscribing, that's 547 00:38:53.480 --> 00:38:57.039 the next step. And the third step, of course, is to rock 548 00:38:57.159 --> 00:39:01.039 the merch particularly if you're a good looking human. Bit Bonefrog Coffee dot com 549 00:39:01.079 --> 00:39:06.519 slash todd use promo code todd to get ten percent off fifteen percent off subscription 550 00:39:06.639 --> 00:39:10.559 coffee. So someone with the FED is apparently saying Zach that they are going 551 00:39:10.639 --> 00:39:15.840 to they're predicting that the FED is going to do rate cuts pretty close to 552 00:39:15.920 --> 00:39:20.719 now. And then someone else, Jefferson, is saying it's predicting later this 553 00:39:20.840 --> 00:39:27.719 year. You found both things. It seems laughable perhaps I laughable, but 554 00:39:27.840 --> 00:39:31.559 also scary, like okay, so one, yeah, because when you see 555 00:39:31.559 --> 00:39:37.519 a market behaving like this, you know, when you see megacap stocks going 556 00:39:37.599 --> 00:39:40.199 up the way that they have, and look, like we've talked about, 557 00:39:40.199 --> 00:39:45.760 there's there's a lot of incredible stuff going on in the world AI And I'm 558 00:39:45.800 --> 00:39:47.519 not saying it's all not like you know, don't take me the wrong way, 559 00:39:47.880 --> 00:39:51.920 but you know, we can look at the market every single day and 560 00:39:51.960 --> 00:39:53.800 look at a market that's out of control, okay, just it's out of 561 00:39:53.840 --> 00:40:00.519 control. And if you go and you have inflation reaccelerating, all right, 562 00:40:00.559 --> 00:40:06.880 so underneath the hood, it was stupefying to hear Harker come out. I 563 00:40:06.920 --> 00:40:09.639 think his first name is John came out. He's on the FMC, the 564 00:40:09.639 --> 00:40:15.159 Federal Open Markets Committee, and saying that, yeah, we think we're at 565 00:40:15.159 --> 00:40:16.760 the point to start cutting rates. And you're sitting there going, wait a 566 00:40:16.840 --> 00:40:21.159 second, you got four to according to your state ordering your numbers, you're 567 00:40:21.159 --> 00:40:22.920 looking at four to four and a half percent growth. Okay, so that 568 00:40:23.000 --> 00:40:27.800 puts you back in like nineteen ninety eight nineteen ninety nine style growth, right, 569 00:40:28.239 --> 00:40:32.039 you got accelerating inflation, you got market flirting with thirty times earnings and 570 00:40:32.400 --> 00:40:37.159 on you know, almost every metric, the most expensive market in US history, 571 00:40:37.519 --> 00:40:39.320 and you've got full on, you've got full employment. You know, 572 00:40:39.440 --> 00:40:45.119 employment numbers supposedly that are levels we haven't seen in fifty years. And you're 573 00:40:45.159 --> 00:40:52.079 going to cut rates into this and if they do, it's it's going to 574 00:40:52.159 --> 00:40:57.159 be a real problem because if they do, inflation is going to pop right 575 00:40:57.199 --> 00:41:02.000 back up with it. Now, they may not report rising inflation, is 576 00:41:02.000 --> 00:41:06.679 it as it as it is defined by their numbers and their metrics, but 577 00:41:07.360 --> 00:41:08.559 look every time you see it. I mean, you can just go back 578 00:41:08.559 --> 00:41:13.280 and look at yourself. If it used to be, I mean, the 579 00:41:13.320 --> 00:41:15.159 market used to front run growth. So you know, the market was you 580 00:41:15.199 --> 00:41:19.760 know, generally speaking, it's looking out into the future. But if you 581 00:41:19.960 --> 00:41:23.199 watch it, you'll watch nothing change in the economy, but the stock market 582 00:41:23.199 --> 00:41:27.639 will go up and then you'll start watching economic data get better. Right, 583 00:41:28.039 --> 00:41:32.840 It's a financialized economy, meaning that if financial prices are not rising, there's 584 00:41:32.880 --> 00:41:37.039 trouble. As long as financial prices keep rising, we're good. I've got 585 00:41:37.119 --> 00:41:42.159 times out. We're back to the We're back to the endless gasos scenario, 586 00:41:42.679 --> 00:41:45.039 right, right, and so, and and and so. If they cut 587 00:41:45.079 --> 00:41:51.239 into this, it's going to get crazy and and and I think you could 588 00:41:51.280 --> 00:41:54.400 see the NASDAC double an ear because the last time they did this, you 589 00:41:54.440 --> 00:41:58.960 lived it, remember the height of the Oh gosh. The problem is people 590 00:41:59.039 --> 00:42:01.199 remember, but they don't remember how it happens. Right, So long term 591 00:42:01.199 --> 00:42:06.760 capital blows up late ninety eight, Fed freaks out in panics, even though 592 00:42:06.760 --> 00:42:08.960 there's really no evidence that it's feeding back through the economy, and they do 593 00:42:09.000 --> 00:42:13.280 an emergency rate cut. And at that time, we were at five and 594 00:42:13.320 --> 00:42:15.920 a half percent fed funds, right, just like we are today. At 595 00:42:15.920 --> 00:42:17.199 that time, we're looking at four four and a half percent growth, just 596 00:42:17.239 --> 00:42:21.480 like we are supposedly today. We're looking at rising inflation, just like we 597 00:42:21.519 --> 00:42:24.480 are today. And they cut rates into that, and then the Nasdaq went 598 00:42:24.719 --> 00:42:28.960 ballistic, okay, and then everything went with it, right, and there's 599 00:42:28.960 --> 00:42:34.000 this massive bubble. The crazy part is if you look at this market and 600 00:42:34.039 --> 00:42:37.880 compare it to ninety eight, it's way crazier already than it wasn't ninety eight, 601 00:42:37.280 --> 00:42:42.000 Right, it got crazy. I mean, it was overheated ninety eight, 602 00:42:42.400 --> 00:42:45.800 but it wasn't flirting with a thirty multiple on it right, thirty times 603 00:42:45.800 --> 00:42:51.280 earnings, You're already there. So if they cut into this, inflation's gonna 604 00:42:51.320 --> 00:42:55.719 go up. I can't Todd, I really look at it. I hate 605 00:42:57.519 --> 00:43:01.119 trying to predict people's motive when I do not know them and I have not 606 00:43:01.199 --> 00:43:05.320 spoken to them. Yeah, you know, it's like the old ad, 607 00:43:05.599 --> 00:43:07.719 don't chalk up to conspiracy. What can be explained through stupidity? Right, 608 00:43:08.400 --> 00:43:14.000 But if they do that, the only thing that can make any sense to 609 00:43:14.039 --> 00:43:15.880 me, for it would just be that they're trying to juice everything to get 610 00:43:15.880 --> 00:43:21.199 Biden and re elected, just because their play card would tell you, no, 611 00:43:21.440 --> 00:43:24.320 you can't cut rates in this environment, and they're going against their own 612 00:43:24.320 --> 00:43:31.239 play card. I just it's it's really every institution in the world is committed 613 00:43:31.280 --> 00:43:37.559 to Trump not getting into office, except for Mega right, every institution in 614 00:43:37.599 --> 00:43:45.079 the world, because you're going to have a radicalized Donald Trump. Trump governed 615 00:43:45.440 --> 00:43:51.239 as a moderate. Find me the insane thing Trump did, other than letting 616 00:43:51.239 --> 00:43:53.480 Tony Fauci take over the country, which is the biggest mistake of his life 617 00:43:53.679 --> 00:43:58.840 costume his presidency. Find me the truly insane thing he did. He pressured 618 00:43:58.880 --> 00:44:02.679 the He pressured the UN to straighten up. But we're going to take our 619 00:44:02.679 --> 00:44:07.039 money away. Wow. He went to NATO and said, yeah, you 620 00:44:07.079 --> 00:44:09.039 guys are going to start pooning up some more money for your own security because 621 00:44:09.039 --> 00:44:13.039 we're not going to pick up the bill. Wow. He started building the 622 00:44:13.079 --> 00:44:15.880 wall. Wow. He brought manufacturing home. He got away with Roe versus 623 00:44:15.880 --> 00:44:19.719 weight, getting you know, undone, although the federal government is still breaking 624 00:44:19.719 --> 00:44:22.159 out law. Do you could say that's the most conservative thing Donald Trump arranged 625 00:44:22.199 --> 00:44:25.559 to the Supreme Court? Okay, well, but I think it's worse than 626 00:44:25.599 --> 00:44:29.000 that. I think it's why. I think it's even worse than that, 627 00:44:29.119 --> 00:44:32.280 because even if you believe, like, let's say they're right. Okay, 628 00:44:32.320 --> 00:44:36.039 just for the sake argument, let's say they're right, let's say Trump is 629 00:44:36.079 --> 00:44:39.559 nothing but bad news. Right. Do you really what happened at the end 630 00:44:39.599 --> 00:44:45.320 of his last term? It ended right, right? Remember when he wasn't 631 00:44:45.360 --> 00:44:47.679 gonna leave. Oh yeah, the army was gonna have to go take him 632 00:44:47.679 --> 00:44:51.960 out. Well that was when he was planning the armed insurrection, right, 633 00:44:52.000 --> 00:44:57.400 so with with no arms. Well but they were they intended, right. 634 00:44:58.920 --> 00:45:00.480 But but you look at him and you go, here's the difference between you 635 00:45:00.519 --> 00:45:04.519 and me. Okay, you think you're in a position to determine what is 636 00:45:04.599 --> 00:45:07.119 right for the country. I look at and I think your actions of thinking 637 00:45:07.119 --> 00:45:09.639 that you can determine that more than the voters. I think that is a 638 00:45:09.679 --> 00:45:15.800 far bigger danger president than anyone president. And and the fact that he isn't 639 00:45:15.840 --> 00:45:21.519 in office right now blows up your entire theory, right right, He's never 640 00:45:21.559 --> 00:45:24.840 gonna ring. Come on, man, he walked out. No. And 641 00:45:24.840 --> 00:45:29.000 that's what scares me, taught, is this whole belief that we're fighting a 642 00:45:29.039 --> 00:45:31.239 moral war. Because if we're fighting a moral war, I can justify breaking 643 00:45:31.280 --> 00:45:35.960 any any law, right. But we don't have anyway. This is the 644 00:45:36.000 --> 00:45:37.960 thing, this is the most cynical thing I'll tell you, is we don't 645 00:45:37.960 --> 00:45:42.079 have laws agreed, not for everybody, right right exactly. And when they're 646 00:45:42.119 --> 00:45:45.119 not for everybody, there suggestions they're no longer laws. Well, and that's 647 00:45:45.119 --> 00:45:50.320 like this whole Trump lawsuit again, it's well, the three hundred and thirty 648 00:45:50.320 --> 00:45:53.360 five million dollars whatever, Oh, it's laugh he did. They're what they're 649 00:45:53.360 --> 00:45:59.480 accusing of. Every real estate investor in the world, doesn't. It's crazy. 650 00:45:59.639 --> 00:46:04.400 I just founds through Twitter. I found this great. I'll send this 651 00:46:04.400 --> 00:46:06.920 to You may not have heard it or seen it, but I ran this 652 00:46:07.039 --> 00:46:09.719 piece earlier this week of an earlier TV report looked like in the in the 653 00:46:09.760 --> 00:46:14.480 eighties, when Trump bought mar Largo, they were talking about it being valued 654 00:46:14.480 --> 00:46:17.320 at one hundred and eighteen million dollars. Then so look at the real estate. 655 00:46:17.360 --> 00:46:21.400 It's insane. And then they were talking about the the no, no, 656 00:46:21.440 --> 00:46:22.559 it was a one hundred and eighteen, It had one hundred and eighteen 657 00:46:22.840 --> 00:46:27.480 bedrooms, it had cash flow. And Trump gives this tour of this like 658 00:46:27.760 --> 00:46:30.400 each one of these tiles is from the fourteen hundreds. All of them is 659 00:46:30.440 --> 00:46:34.400 a unique piece of art. And the lady who was doing the port, 660 00:46:34.440 --> 00:46:38.039 I think it was the Shrier Kennedy lady saying, the governments used to own 661 00:46:38.039 --> 00:46:40.719 this as a second White House, but they wouldn't want to pay the million 662 00:46:40.760 --> 00:46:45.039 dollar per year you know, upkeep or whatever. And so Trump bought it. 663 00:46:45.760 --> 00:46:52.760 And this was this this huge report that judged pretend that property is worth 664 00:46:52.800 --> 00:46:57.320 eighteen million dollars when there's homes around that half the size, with half the 665 00:46:57.360 --> 00:47:00.000 lot that aren't cash flow, properties that don't have one hundred and eighteen begs. 666 00:47:00.639 --> 00:47:02.840 And I don't even know what memberships are tomorrow logo every year. But 667 00:47:02.920 --> 00:47:07.519 it's a very very exclusive private club. I'm going to think it's probably upwards 668 00:47:07.559 --> 00:47:10.840 at fifty grand per year to be there. I I read somewhere that they're 669 00:47:10.880 --> 00:47:14.840 generating like twenty million a year in membership does or something like that. That's 670 00:47:14.840 --> 00:47:19.159 the property, right, So the property that house is worth eighteen million, 671 00:47:19.199 --> 00:47:23.639 except that makes twenty million a year at least. Yeah, right, Well, 672 00:47:23.679 --> 00:47:27.039 and not only that, but if you know anything about where that real 673 00:47:27.119 --> 00:47:30.320 estate is, it's laughable if anybody could buy that. Like, if you 674 00:47:30.360 --> 00:47:32.360 put that up for sale for twenty billion, the bid or twenty million, 675 00:47:32.559 --> 00:47:37.079 the bids in a matter of minutes would exceed one hundred million. It's just 676 00:47:37.159 --> 00:47:39.800 it's laughable. Like it's And again, you don't even have to be a 677 00:47:39.840 --> 00:47:44.840 Trump fan or defend Trump say that. It's just fact and watching what they're 678 00:47:44.840 --> 00:47:46.840 doing, it's just scary because if they can do it to him, they 679 00:47:46.880 --> 00:47:50.480 can do it to all of us, and the facts don't matter. That's 680 00:47:50.519 --> 00:47:52.880 exactly right. I've said this before, Zach, and I don't want to 681 00:47:52.880 --> 00:47:54.599 be labor it because I do say it from time to time. Satan takes 682 00:47:54.639 --> 00:48:00.519 dry runs at things. The man of lawlessness will come because I told us 683 00:48:00.519 --> 00:48:04.559 that would happen. Why not get used to the lawless this now? Why 684 00:48:04.599 --> 00:48:07.440 not normalize this? Right? That's what I think we're seeing. Always a 685 00:48:07.440 --> 00:48:10.000 pleasure to have you on, my brother, and I beg you to go 686 00:48:10.039 --> 00:48:14.159 with God's good grace. Always thanks for having me and always fun. By 687 00:48:14.159 --> 00:48:15.039 the way, if you need a research guy, I fired a dude, 688 00:48:15.079 --> 00:48:22.760 so I don't want him stealing my magnesia. No, I'm not letting the 689 00:48:22.920 --> 00:48:24.360 I'm not letting that fox in the hend House got it all right, Thank 690 00:48:24.400 --> 00:48:27.880 your brother. This is the Todd Urban Show. Please go, be well, 691 00:48:28.079 --> 00:48:32.320 be strong, be kind, and do make every effort to walk into 692 00:48:32.280 --> 00:48:37.639 the light of Christ, where the full armor of God, and give thanks 693 00:48:37.639 --> 00:48:40.119 in a daily basis for all that God's done for you, which is in 694 00:48:40.159 --> 00:48:40.920 fact everything,