Well, I mean the solutions to me is, you know, you have
to put more money into the small business. I mean, small business is
the backboto of the economy. It always has been. I mean we're talking.
I think it's like forty five percent of the economy is driven by small
business, and so you have to really look at programs that's going to help
small businesses grow. And when those small businesses grow, more money's put into
the economy, and that's how everything grows from the bottom up. Really,
you're listening to carry Lutz's Financial Survival Network, where you get valuable information you
just can't find anywhere else to thrive in today's trying times. You need the
Financial Survival Network now more than ever. Go to Financial Survival and Network dot
com and get your free newsletter and gift. Financial Survival Network now more than
ever. Welcome, you are listening to watching the Financial Survival Network. I'm
your host Carry Lutz. Hey, we're just about into September, the core
of crashes, so it's appropriate that we talk to Herman Deboord. Herman your
Air Force veteran and currently working towards the goal of connecting the world like never
before. We appreciate you coming on, or are we talking about the flaws
of the current occupants of the White House so called biden Nomics, where it's
gone wrong and how it's hurting small business Herman, Welcome aboard, Thank you,
thanks for having me. So biden Omics, what exactly is it,
because I don't really know what it is. Well, I mean, what
it seems like is it's a program that's helping larger businesses. They're actually putting
money into larger businesses, but it's killing the small business. I've been starting
businesses since two thousand and five. This is my fourth business that I've started.
I've exited the other three, and so it was much easier when I
was when I was doing this earlier. And now inflation and I mean they
says biden Omics to me, it's just an inflation tool that's just killing us.
From manufacturing to employee charges to you know, trying to find credit for
different things for your business. It's it's just gotten way out of hand for
the small business. That's death by a thousand cuts. Absolutely absolutely, yes,
I mean we have we have independent contractors. Half of our businesses,
the service business, half of our businesses manufacturing with different things like fiber optics,
and so if we're in the service side, we have to look at,
you know, how much are we paying our employees, how much are
we paying our contractors because they have to survive in this economy that is obviously
failing. And then from the manufacturing side, you know, it takes a
lot of money to get things manufactured and get them into different clients. And
so even that has been very, very difficult to not only find products,
but to find the credit you need to get those things going. Right.
Yeah, the credit to crunch now that's taking place due to the banking crisis
is kind of the final deathbale. We had the pandemic for two years.
It's stifled businesses in many states across the country, and we're just barely recovering
from it. I was in the Las Vegas and my barometer was I was
on the upper floors of the Canal Shops, which part of the Venetian and
the last time I was there, i'd say about three quarters, two thirds,
three quarters of the shops we're basically gone. Now the stores are mostly
full with what I've seen has happened along the theme you're talking about is that
the bigger retailers, the luxury retailers, the Louis Vutals, the Gucci's,
all of them have expanded what were smaller stores into larger areas. But I
haven't seen the smaller companies come back yet. Yeah, and that's going to
be a problem. I was just in Vegas last week actually, where we're
expanding into that area too, and I think you're right. I was over
at Aria and when you walk through their shops, that's what you're seeing.
You're seeing the Louis Battons, you're seeing the mulatto as, you're seeing everything
that's getting bigger. All those stores are getting bigger. But there was very
few people actually in there shopping as well. And so yeah, I think
now we're looking at there, they're threatening that another wave of the pandemic is
going to come back. And what's that going to do to us in the
small business world? Good question? All right, So solutions here? What
are the solutions? Well, I mean the solutions to me is, you
know, you have to put more money into the small business. I mean,
small business is the backboto of the economy. It always has been.
I mean we're talking I think it's like forty five percent of the economy is
driven by small business and so you have to really look at programs that's going
to help small businesses grow. And when those small businesses grow, more money's
put into the economy, and that's how everything grows from the bottom up.
Really right now, looking at this this kind of a top down approach,
which is kind of odds for a democratic system to be doing that, a
democrat regime or whatever you want to call it. But I think that's the
solution, is you've got to look at better programs for small businesses that puts
more funding into that instead of billions of dollars elsewhere. We could we could
really fix our economy right here. Yeah, But don't you think it's good
to have a green economy? Do I think it's good to have a green
economy. I think it's premature for agreen with green economy, I really do.
I think you're looking at decades out and I don't think that's doing any
good right now. I really don't, at least not for my me and
my business. Yeah, but climate change, you know, it's destroying the
country in the world, isn't it. Well, I mean there's a lot
of I think there's a lot of assumptions that are that are made around that,
where you know, we have to go green, we have to have
electric cars. But then you know, you look at the other side of
the argument where electric cars are still powered by you know, coal and natural
gases, and it's, uh, it's it's kind of a funny situation that
we have going on here. So you know, I just think we don't
have the infrastructure right now to set m up green economy. It's great that
they're trying, but I think they're they're just going a little too far right
now, and it's damaging the economy to to a point where I hope we
can get it back. But again, if we have this second wave of
this this pandemic and they start forcing everybody on lockdowns, it's it's probably going
to get more ugly than it is now. You think lockdowns are coming,
I mean that's what I'm hearing. So you know, only time will tell.
But they're talking about this new wave of of COVID and uh MASK mandates
are already happening in a couple of states, and at one university I heard
yesterday, I know I'm going to do lockdowns again. Herman I got to
take issue with you. They might do the mask ridiculousness, but they're not
doing lockdowns again. I don't think it's ever got I didn't go for that.
Here where I live, we didn't go for the lockdowns last time,
so you know, I guess a lot of the country did, though.
They just did whatever they were told. Yeah, I mean, I wouldn't
put it past them to try it. I just I wouldn't. I just
don't think it's going to happen, honestly, because the only reason it could
happen was that all the states, to some extent, maybe South Dakota didn't
do it, but everybody did a lockdown of some sort. And the states
that ended their lockdowns before the other states that kept them going had no worse
mortality on a per capita basis, even less in Florida than they did in
New York, in Pennsylvania and other godforsaken places. Like I agree with you,
I completely agree with that, and I think our we're in Colorado,
and you know, they had lockdowns. This is a Democrat run state,
but in my area, in my city, in El Paso County, it's
more Republican side, So we didn't really go some of moneard them and they
way away see how that works. But but seriously, over half the states
will not do a lockdown of any description, so that means that the other
states do, and then that accelerates the flight of citizens out of there.
I mean, hey, I'm in Florida. It's the worst thing that ever
happened to this state and the best thing. You know, population went up
five or ten percent, and you know, we're still trying to deal with
all the arriving residents. We still have a shortage of housing inventory. No,
I think that is a pig in a poop. They might try the
masking, but I think a lot of states won't even bother with that nonsense
anymore either. Yeah, you know, and I travel a lot for my
business, so you know, I'm not looking forward to seeing what the airlines
are going to do and seeing what the hotels are going to do, because
I'm in different states all the time, and it's it's just interesting to see,
like you said, how each state handles it very differently. Yeah,
this is a red herring. They're getting ready to do something else, and
this is what they're throwing at us to distract your tension from it. Hey,
so three things the current administration could do tomorrow to help lift the burden
on small business. You know, I think they've got to open up more
funding for small business. They've got to out they've got to create the credit
lines that we need by reducing the interest rates. And I think we've got
to open up more manufacturing lanes for us for those of us that are in
the manufacturing era. And so you know, it's to me if he just
did those three things, that would help us tremendously. All right, But
you know the problem is government did all those p PP loans, well,
the EIDL loans rants, and like fifteen percent of it got stolen. Right,
going to be any better at it this time? Herman? Probably not.
I mean it's the government. I mean I spent thirteen years in the
government, and I know how corrupt it can be, and so you know,
it's I don't think they can do better at it, but they have
to figure out a way to get more more funds into the small business owners.
I think that PPP thing that was that was kind of a joke where
you know, they had billions of dollars stolen in that where people were just
buying cars and houses, and you know, I'm not sure I didn't apply
for that, so I'm not sure what the criteria was. But anyway,
I mean that's I don't know that they could do it better, but they
definitely need to start doing something for it. All right, Well, we
agree with you there, Hey, Herman website way for people to connect with
you on the web. Yeah. Yeah, our our companies Hoover dot com,
HUVR dot com. Uh, and we've got some pretty interesting things going
on for sure. All right. Link in the show notes this interview on
Financial Survival Network dot com. Make sure you sign up for your free newsletter.
Question for Herman myself email k l at Kerry Lads dot com. Herman,
thanks so much for stopping by, pleasure to speak with you. Thank
you, Carry, thanks for listening to Carry Leeds's Financial Survival Network your solution
to today's trying times for the Let us go to Financial Survival Network dot com.
Financial Survival Network now more than ever