So, hey, listen, I was looking at a little testimony from a
guy and he was saying some things and some stuff, and he's with the
Alliance Defending Freedom and he's their senior vice president. Is to Desco, Jeffrey
to Disco. He just said some crazy things like the US Treasury is working
with banks to debank conservative companies and organizations and churches and Christians and they intend
to expand these rights. And they've done this to a United States senator,
like, hey, senator or a retired senator, you don't get to have
a bank account anymore because you have problematic views. So I thought what I'd
do is call Zach Abraham, and we did and he picked up the phone
after I got through his people. That was tough. So say again your
name it's Todd Herman. Okay, one second hello mister Abraham's office. Yes
hi, I'm having appoint with with Zach. Okay this mister Abraham. Sayg
in. Your name's Todd Herman. One moment, Hello Zach Abraham's Office,
London. Wasn't quite that. He doesn't do any of that. I'm fun
in you, Zach Abraham, Chief Investments, Bowl Cap and Manage. We're
going to talk about that. Are young people going to be allowed to have
money? Plus, we've got a groove on this NPR thing. The Todd
Herman Show is one disapproved by big pharma technocrats and tyrants everywhere. No from
the high mountains of Free America. Here's the Emerald City exile Todd Herman.
Today is to day the Lord has made, and these are the time so
which God has decided we shall live. Appreciate you being here. If you're
watching in the video service, you're about to see Zach Abraham. That's good
for you. If you're not yet in the video service, you can subscribe
at video dot the Todd Herman Show dot com. Good afternoon, my brother,
Zach, Good afternoon. Indeed, happy to be here. I was
sometimes I go through and scope your Twitter channel and you were on this NPR
thing. And this is a fun little bit the free press. I've been
at NPR for twenty five years. Here's how we lost Trust's lost America's trust.
Uri Beerliner, a veteran of the Public Radio Institution, says the network
lost its way when it started listening, telling listeners how to think and the
empire strikes back. Mally Hemingway points out that David FOLKLM. Thick, he
tweeted, the NPR news chief defends newsrooms record after senior editor says networkers lost
America's trust. So Edith Chapin is the Mpire's news executive. You want to
know what her claim to fame is before this act? I know I'd love
to know. Though. She was the one who wrote the piece about why
NPR couldn't possibly do journalism on the Hunter Biden laptop. So now she's saying
no, there ain't no bias there at end her. So what'd you think
of this whole thing? You know? I had a similar reaction to that
story as I did watching the Shila Jackson Lee. Was this the one where
the moon is made of gas? Yeah? Yeah, yeah? Where I
And to me, that's an old timer that that belongs in the that belongs
in the Hall of fame, right up there with the guy that was worried
about guam tipping over Hank remember that one? Yeah, Hank, I can't
remember his full name. Are you afraid that the island make capsize? And
I love the general he's so calm. Congressman Bill, think the island this
good of cap size? Yeah. If you if you look at the general
though, you can tell he was just holding back. Oh my gosh.
Can you imagine if he'd burst out laughing races. I don't know if I
could have. I don't know if I could have held it in. Oh,
I would have belly laughed. I would have blown snot. I would
have been a snot blower. And then I'd have to cover it up and
I'd be like, sir, the reason I'm laughing is it you because that
question for the last six months and nobody else gets it except you, right,
No, I would have been saying, I'm not laughing at you,
I'm laughing through you. I uh yeah, I saw that. So but
compared that to NPR, it's just that they're gonna now say this doesn't happen.
Yeah, just like we're you know, I guess the look. Okay,
you know what, I'm just gonna say it. I was as surprised
at MPR for for you know, well, they didn't officially, but I
was as surprised as that about that guy's account of what took place at NPR
is. I was to find out that Sheila Jackson Lee was as let's put
it this way, intellectually challenged, as I would have thought, all right,
yeah yeah, and I gotta tell you go ahead, just like I
think everybody needs to sit back and think about this. Okay, what does
it say about us that we have elected leaders that think that a earthquake is
the side effect of climate change, that the moon is made of gas.
This isn't a Saturday Night Live skit, right, This isn't the This isn't
what's his name, uh, pretending he's Harry Carey talking about if the ri
if the if the moon was made of cheese, would eat it? Right?
This is a This is an elected member of Congress that thinks that the
moon, and then the stuff she said about the sun was equally bizarre.
These are not off color moments. These are thugs, okay, and that
has nothing to do with race. These are thugs that are political thugs and
political hacks that have forced, bribed, or stolen their way into public office.
Yep. And these people don't have the knowledge, base, the wisdom,
or the foresight to run a lemonade stand, let alone a government.
So let me ask this, because I do you know my Sheila Jackson Lee's
story about the running car. I could know, but tee it up.
I mean it's got Yeah, I gotta tell you that that I gotta tell
you about NPR that we got to get under this thing about this is an
amazing testimony Jeffrey Dedesco Alliance Defending Freedom. I mean he went through example after
example for example of d banking, including a former US senator. Sorry,
senator, you can't have a bank account anymore because they have three important questions
for you about that. All right, Sheila Jackson Lee here, Zach Abraham.
I'm in Washington, d C. I don't know if you know,
I'm kind of a big deal because I worked in DC, so that I
mean, you know, I had I had a couch in my office and
stuff two windows. Yeah, I know, it sounds like a Hollywood movie
that it was actually a couch that sat outside Nancy Reagan's office. She had
an office at the R and C. It was candy cane stripe. It
really was Nancy Reagan's couch. Yeah, run one of our small couches.
So we're sitting there and there's a we're having a meeting the morning that Cap
and Trade is being voted on. One of the Cap and Trade votes and
Zach for an hour. There is an suv running outside my window. I'm
like, someone's got to turn that off. And there's a driver sitting in
it, running, running for an hour, and it's just, you know
that, it's just it's that white. It just and it just grates on
you and you want to open to it and say shut up. Yep.
So we're watching and having it is. Here comes Selah Jackson Lee out of
her apartment, walks downstairs with a guy guarding the Great Lady. The Great
Lady and I go, get a camera, get a camera, get a
camera. I made all my staff before I before all phones had good cameras,
we had these flip cameras. Get a camera. We film her.
She walks down the steps. She gets into the suv that's been running for
an hour. Trace it, trace it, run run They got the building.
The car drives for about ninety seconds, the suv into the Longworth parking
lot for the Longworth Congressional Building. The Great Lady exits the car and the
Great Ladies escorted into the building where she's about to vote on cap and trade.
The Great Lady's car the suv continues to run. One of my staff
went to the driver and said, hey, how long do you keep it
running? As long as congress woman wants? Why she don't like a cold
car. She's voting on cap and trade because cars are destroying the planet.
That's why, Sheila Jackson lee, Sorry, it works perfectly. And here's
the one thing that I actually she went up. She went up a few
pegs in my book. No, no, she did. And I'll tell
you why. Okay, why because what I attributed it goes back to my
own line of don't contribute or not contributing to conspiracy that which can be explained
through stupidity. Okay, she's more altruistic than I thought. Let's put it
that way, Okay, meaning I realized the other day watching that and then
hearing this, I realized that she's not twisting her mustache in a smoke filled
room coming up with these strategies. She's not a smart person. She's just
not a smart person. She's not Did you hear the whole quote? You
gotta hear the whole quote. And if everybody's listening, you gotta don't just
take our word for it. You gotta go here because it wasn't just what
she said about the moon then she started to wax scientifically on the sun and
that was z She's like, you know, you can't go anywhere near as
close to the sun as you can the moon. And I'm close on the
bloody thing. Lady, Like, what what are you talking about? Well,
we can't wait, Zach gets liquid. You can't walk in liquid.
You're not Jesus Jesus walks in liquid. You can't do that. Let me
tell me. I get you NPR story. You know this guy, but
I can't say his name. Hold on, I could text you. No,
wait, maybe he met this guy. So when we were working radio,
you and I both knew a guy in common. And I'm gonna text
you to see if you remember this guy. And he was a good guy.
He was a super nice guy, and I mean truly was. He
was a liberal, but not crazy. In fact, he hated the liberal
thing about blocking you know, highways and all that. He'd said, I'd
get out of my car and punch a person if they did that to me.
I texted you his name, so okay, Yeah, so I used
to have on my show from time to time. He got fired and I
hated that he was He's actually really good at radio. I enjoyed his show,
even though it was liberal. He didn't do he actually didn't do that
much politics. I saw him walking in the street in Seattle one day.
He'd gotten the job at public radio, and I stopped and they go,
hey, dude, it's good to see you. I mean, how is
this gig? And he goes, Oh, my gosh. I do an
hour a day and five people work on my show. I walk into the
studio. The research is done, the printouts are done, the sound bites
are pulled. I sit in a studio with five people. I got a
board op, I got someone taking calls, I got someone doing live research,
and after an hour I leave. They're script readers. This well,
it was good for him because he just told them what he wanted on the
show tomorrow. I want to talk about hockey. Okay, we'll talk about
hockey and some things in the news. He sat and he did this.
Zach. When I worked on Russia's show for like two hitter times, the
highest number of people who ever worked on that show ever. Three Rush had
a five year, seven hundred and fifty million dollar deal because he made billions
of dollars for the network three. Now there are a bunch of people in
Russian Limbo, dot com, et cetera. I'm not here to say that
it was only three people. But live on the show three guess who did
the show? Research? Rush and James period, that's it. Yeah,
Bo was just Bo was just the producer, right, Oh no, both
did a lot of prep. So James is Bo. So yeah, so
sometimes James screen called it James is Bo. But yeah, on that show,
that successful radio show had fewer people working on it than a one hour
local public radio show in Seattle. Who is that all government funded? It's
like twenty five percent government funded. So you're writing a check for that?
Where else they come up with the other funding? Oh it's it's it's underwriting.
It's it's it's companies who want to cozy up to that. Oh yeah,
yeah right right eighteen see the underwriting stuff. That's that's how that's done.
So that's can you tell? Can you tell? I? I have
spent way too much time in the private sector, especially being self employed,
because I don't I don't. I lack the skill to understand how that bureaucratic
cozy up to power game is played. It catches me off guard all the
time. No, because I get it, because you have the crispus financial
mind I've ever known. And so I'm a little baff at you, going,
wait, how do they pay for that graft? Yeah? This portion
of all things considered underwritten by AT and T America's communication network. This portion
of all things not considered underwritten by Starbucks, where we back chemically surgically mutilating
your children. Mmm, coffee? I would venture to guess they got some
Pfizer spots they run on there. Oh you think? Yes? Scientific youtten
you this underwritten by Pfizer because we care about you. Right. I'm constantly
now amazed when I go to stores at how much garbage I have bought in
my life, truly amazed. You know. I still have an occasional monster
soda and I even have a little bit of gum from time to time.
And just this morning when I was buying this gum, why because they moving
around people. I don't want to be breathing brad breath. So why don't
I just have a toothbrush and toothpaste around? Why don't I just do that?
Like this toothpaste any better? Why don't I just have mint around?
I know that makes me sound like a hippie, but I'm really beginning to
look into grocery carts. Like I was in a store this morning and there's
this guy buying cigarettes, and I'm thinking, oh, brother, please quit
smoking. And here I am standing here buying useless gum. I mean,
yeah, it's probably not gonna kill me. Cigarettes will kill you eventually,
or most people make you very, very sick. So when I find that
i'll turn into this, I am going to embrace it. That's what I've
done with native path krill. I've embraced it like I've embraced drinking water instead
of the next cup of bubbly soda. I'm braced native pathcrill, and I've
dropped ibaprofen. And you can do the same thing. Native pathcrill comes from
the cleanest waters to which we have access. These are in the Antarctic.
They're relatively free or very free of heavy metals and toxins that are in so
many of the other portions of the ocean. They're crustaceans obviously different from fish,
and the resulting Omega three oils are far far more absorbable, up to
four hundred percent more absorbable than that which comes from fish. And it's not
just inflammation. It fights. It prevents your gut lining from being destroyed,
which is what Iberprofen does. While it doles the pain from inflammation, it
causes more inflammation. Therefore you take more of their product. Ain't that what
pharma does. Isn't that why I'm standing in line buying gum. It's not
because it makes my breath smell good. It's because I like chewing the garbage.
Please toss Pharma. Go to nativepathcrill dot com Todd find out the specials
have for you today. Get off the iberprofen. Don't let it harm youlivered,
don't let it come for your kidneys. Nativepathcurl dot com, sash Todd.
Take the Omega threes that are far more observable. Nativepathcurll dot com slash
Todd. I gotta shift gears. I gotta ask you the three questions I've
been told by what we've put him up with a teleprompter. Hold on second,
we gotta said that the teleprompter hold on, hold on, no,
run it slow right, you know, I'm just a teleprompter reader. I
just slowed down right there. So there was this testimony by a guy who
is with the Alliance Defending Freedom, and we'll probably play this next week in
some detail. So he went and testified in front of Congress, and he
talked about several examples. His name is Jeffrey Dedsko, Senior vice presidents at
Alliance Defending Freedom. Several examples of conservative organizations, Christian organizations. There was
a mission group that all they did is they took the Word of God and
Bibles and food to Uganda and they got dbanked. A retired US Senator's been
debanked. They've uncovered documents showing that the US Treasury has worked in conjunction with
these banks telling them you're going to bank these groups with problematic views. Now
we know about social credit, we know this is all coming. It's it's
all of that is very very clear. But my question for you is do
you really think the government is willing to do this to people on a large
scale? Well, I don't. I don't think it's okay. So let
me get into my whole syops part of the you know theory. I don't
think that any of that stuff is effective on a large scale, right,
like just evaluating the you know, human behavior of the way people think,
because if it was done on a large scale. Then then the curtain gets
pulled back and everybody, including those who are politically supportive, but also that
aren't politically supportive, we'll have to confront that reality, right, And I
think it's I think it's kind of akin to how you hear like at the
end of the day when and you you know what election you're going to see
it reflected in. I don't know, but at the end of the day,
at the very least, the whole vaccine thing has cost the government a
lot of credibility, right at the very least, right, right, And
I kind of think you can look at that as a microcosm. If they
start spreading that out on a large, larger scale, I think it has
diminishing returns, right because people become aware of it. If if you keep
it on the fringes, I think it's highly effective because it can shut down
some of the largest voices that are pushing against you, and everybody in the
mainstream can write off anybody that's addressing it as a conspiracy theorist, right.
So I just think it's more effect when it stays in that smaller scale realm.
Okay, so when they're picking individuals versus going after all of us,
right is that right? Yeah? I think yes, I think it's more
effective. But but but then if you you know, then if you look
at you know, government or legislative creep, right, that that's always how
it and then eventually we sell it by hey, the reason we all have
to do this is to keep all of us safe, right, right?
Right? So I think it is the camel getting its nose under the door,
or getting its nose underneath the tent. But but no, I don't
think that they can just roll that out real large. I think it takes
time. I think it takes conditioning. And the other thing too, is
that, like I said, you've woken up a lot of people that still
may not consider themselves enemies of the left per se or enemies of woke,
but are certainly more on guard. And yeah, I I don't will they
try to absolutely, I mean, you know. So it's it's amazing to
me that people can be this ferocious. And I know that's weird. I
mean, I'm very cynical about DC. I don't trust any institutions. God
told us all these things. But that's a ferocious thing to say you no
longer get to involve yourself in the economic system, and there's this huge implications
this I want to continue to talk with Zach about. Okay. I don't
want to corner you into my world. You are my friend and brother.
You have always have license to say to me, dude, calm down,
exhale, or like you say to your wife, I ever say this to
your wife. Sweety sweety, sweet sweetie, don't get emotional. That's a
good one. Women love that because it makes them feel loved, Like when
you say, hey, listen, let's think rationally here. Let's not get
all hormonal. Sometimes that's the way. That's the way you cebment good love
with your wife. Okay, so that's my experience. No, all right,
all right, well then maybe I need some coaching a little later.
Can we even deny for two seconds that doing this to individuals is a warm
up for the mark of the beast? Can we even deny it? No?
No, I mean I I think it's really hard to argue that it's
not a move in that direction. That that being said, I would say
though, that that that you know the danger and the ever present risk of
tyranny whenever you're looking at any government, it is ever present. Right,
And I actually wrote down here on the notes when I was talking. I
didn't want to forget this, but you know, to go a step in
that direction, I wrote down that, you know, when you start unbanking
individuals for political reasons, not only do I think it's scary and wrong,
but I think it's evil. It is and and and here's the part about
it that I think is the most nakedly evil, which is, you know,
we think about the pain and the issues that causes the individual. That
is an attack on the social fabric of the entire society. Yep, it
really is. That is an explicit effort to sew discord and to sow more
hostility, and to breathe life into rumors of civil wars. And more importantly,
it is distinctly un American, as many of these people that I disagree
with so vehemently, I would like to think, and I truly believe this,
that I would also come to their aid or their assistance if the government
was doing the same thing to them. Meaning an attack on one of us
is an attack on all of us. And that's the part about this whole
thing that is so vexing to me, is you look at these people,
and you go, Guys, I don't politically disagree with you. We all
lose from this. This isn't a political issue. Right. I'm literally standing
up for you as much as I am for me. Right, Yeah,
you're you, You don't. You failed to understand that you're in a legal
system. Therefore a government that operates on the basis of precedent. You're you're
unlocking the doors and swinging it wide open. Yell right. And you could
make this as complicated as you want. Let me try to simplify it for
people. Back in the day, when I was in junior high, there
was a guy his and his name was Keith, and everybody was afraid of
Keith. Keith. He was in ninth grade and he had a full man's
mustache, and he smoked, and he was bigger than us. And I
was in seventh grade. And when Keith came at you, dude, and
I got the word Keith, Keith wants to see you at the church after
school. What you pissed him off? Like? Keith? He said,
to meet him at the church. I'm not meeting Keith at the church.
I'm not going to say his last name. I soon remember it no way
like Keith. He'll get you, man, Keith is going to get you.
And so yeah, one day then Keith did come to me and he
slammed me up against the rockers. I was looking for you at the church,
man, I didn't. I'm seventh grade, ninth grader. He's got
that mustache and I just kept looking at the mustache, going, how did
you grow that? Yeah, it's magnificent. And he smelled like cigarettes,
and he smelled like man and and he said, you said this, that
was me? That was me. And somehow, because God has equipped me
with verbal elasticity, I was able to share with him that I didn't do
that, and I'll be watching you. So fast forward to senior year,
and now I have grown quite a bit, football, wrestling, all these
things, boxing a little bit, although I hated boxing, weightlifting. Probably
had your own mustache this time, well, but it never got to the
key almost said his last name to the Keith level mustache. And we're downtown
cruising, which was a big thing for us, and there's a guy starts
throwing fingers and then he's throwing beer cans at my friend's truck and friends like
pop out, Pop Out. This is before when you did that, you
die. Now if you pop out, people shoot you and kill you.
So back then that it didn't happen. You got a warning you should before
people shot you. And I jump out and it's Keith stept. Keith hadn't
grown one ounce the table. And I pop out of the car, out
of the truck, and I approach and Keith gets out of the car and
he's like, he actually looked at me and goes, wow, you're big,
right, yeah, you remember me now that happened, right, so
this is the thing, right, and and and he backed down, and
I told him, you you let me off when you were bigger than me
in ninth grade. So so I'm letting you go. I'm not going to
beat you up. People who do not understand, and particularly business owners who
do not understand you back the side that has power, because they have power.
You sign up for all this. You're saying, I want to be
bullied, right, And this is like you can make it as complicated as
you want, but I think it's that simple. I would agree. I
would agree one hundred percent. And it you know, and it's sad because
the institutions, you know, I think of like the ACLU, the a
c l U used to be a you know, love them, hate them,
whatever, But they used to be an institution that understood this down to
their core. Yep. Right, Like, when I think about the ACLU,
and at that time, they were dominated by you know, uh,
you know Upper East Coast, you know Jews effectively, and those people went
in and defended the neo Nazis marching through yeah Skokie, Illinois, Right Like,
why did they do that? The exact same principles were talking about,
which is, no matter how repugnant we find the words somebody is speaking,
what is far more repugnant is politically taking away their ability to say those things.
And we all used to get it. There was this, there was
a we had a societal contract. That contract has been shredded. Now we're
throwing that power and cheering it on. It's it's almost like having a hurricane
come ashore and you hate your neighbor across the street, and you pull out
pull out lawn chair, right, yeah, tear down his house. And
then all of a sudden it gets done tearing down his house, and it
starts moving across the street and you go, oh, yeah, that's right.
I live here too, right, that's perfect, that's exactly, That's
exactly it. I'm one bigger and more complicated in depth financial question for you
about this in a seconds. I get these bad, bad allergies this time
of year, and sometimes it manifests, and I can breathe through my nose,
which is the case now makes it difficult to do the show. You
might be able to tell my voice is whack, and it's difficult for me
to breathe and concentrate, and sometimes it manifested. Me having the most brilliant
sniffer in the world, suddenly I'm like a bear and I can smell barbecued
meat fifty five miles away. Or wait, there's a rotting calf somewhere on
the hill that happened yesterday, and I smelled my truck. Now, I
god blest my wife for never saying anything about this. No one else ever
really rides in my trucks, and all this is really going, I s
I guess my friend Kevin writes in the truck. But I opened the truck
door. I'm like, wait, this smells like gym stink, And sure
enough I got to ask my wife about this. Are you just being kinder,
you don't smell the gym stink. So I'm going to pull a trick
from my friend Ben, who took his Eden Pure oxy leaf two and put
it in his truck to rid it a bear sausage smell because some bear sausage
accidentally got left in there and rotted and aged and matured. Ben got that
stuff to go away in one night. It also eliminated the fake new truck
smell he sprayed in there. Then his wife was driving their dear little boy
around that he puked all over the car. So Ben went out to clean
up the puke, but it still smelled like it. So once again Ben
brought in the oxy leaf to thunderstorm, which produced ozone overnight in the car.
Simply plugged in the USB device and there it was. In the morning,
the smell was gone like it never ever happened. I'm gonna do the
same thing tonight with an oxy leaf. I'm gonna pull it into the garage,
put it in my truck, and that smell of gymbag will not be
there anymore. It works for pet smells, it works for oil smells,
it works on viruses, and in fact, there's a pet stink guarantee when
you buy the oxy Leaf to Thunderstorm device at eadenpuredeals dot com and use code
tod three. If it doesn't remove the pet stink, they will give you
your money back. Go to edenpuredeals dot com use code tod three to get
a deal of a lifetime. It's a whole home coverage three of these devices
for under two hundred bucks. Evenpuredeals dot Com use code tod three. All
right, so here's my question, and we may have addressed this before.
And I want to stay outside of bitcoin because I know about bitcoin, you
know bit bitcoin. Is it even possible to build a parallel economy banking system
if they go this way? I know about the goldbacks. A friend of
mine has goldbacks in her store. She takes goldbacks in her store in Idaho,
Utah is big on goldbacks. I get that that is even possible to
build a parallel banking system given all you know about finance. No, just
it's that easy. No, I mean, you never want to say,
especially with what's going on with technology today, which it is incredible, truly
in the sense of the word meaning, you know, I think there are
aspects of it are good. I think there are aspects of it there aren't,
but it really is remarkable. And so you don't want to make too
far sweeping in statements because you know things can certainly change. But one of
the biggest issues that you've got to get over is that traditional currencies, in
the way that we think of them, they have a role and the reason
they have a role. And this is something that I've tried to explain to
bitcoin people. And let me just explain too when I say this. When
I say bitcoin people, I don't mean people that own bitcoin and think it's
going to go higher. What I mean is people that think bitcoin is going
to become the go to currency of the world, and it's not going to
happen. And the reason that's not going to happen is because of the nature
of fractional reserve banking. Meaning if you have an asset that does not depreciate
over time, you can't lend in that asset, right because you know,
just and I've used this example I think on the show. Got to help
me with this one. If you have an asset that does not depreciate over
time, you cannot lend on that asset. Yeah, you can't lend in
that asset. Because so we'll just use bitcoin as a perfect example. Let's
say five years ago, you wanted to buy a home, but you wanted
you wanted to do the transaction and bitcoin, okay, so you borrow Let's
say the house is a million bucks, and you borrow a million dollars worth
of bitcoin, and you're gonna pay that million dollars back in bitcoin. Unless
you have a job that pays you in bitcoin and not bitcoin as a as
a percentage of the US dollar, you got a big problem on your hands
because you're getting paid in dollars, right. And at the time you borrowed
bitcoin on that million dollar house, maybe bitcoin was fifteen thousand. Well it's
now seventy. So now you owe five million on the one million dollar house,
right, And so if you don't so and this is what this is
where, in my opinion, the modern economics profession went off the rails because
they noticed this, and they've noticed it over the last century. And so
what they've started to say is, well, you actually need some inflation,
which is somewhat true over an extended period of time. You need some inflation
because some inflation is a product of money supply going up and if an economy
is getting more efficient over time and more productive over time, there should be
spare capacity. There should be spare dollars floating around because what used to cost
us X now cost us you know, zero point six x or point five
x because of increased productivity. So no, because of that in the nature
of lending the way, it is none of these. And look, this
is one of the reasons we got off the gold standard. Okay, so
gold is restrictive, but like everything, there are two sides to the ledger.
Right, Yes, gold is restrictive and can can restrict growth inside of
an economy, but when you have a gold backed currency, it is virtually
impossible. Well, if impossible, I should use that word lightly. It's
much harder to have runaway extended inflation, right, much much harder. You
look at the two greatest periods of inflation if you're not counting in like you
know, the early days when we had you know, this state issuing this
currency in that state. But if you look at the US government or the
US you know, economic system over the last one hundred and fifty years,
let's say, you know, the only real two bouts of inflation you dealt
with was the seventies and today when the currency was not backed by gold.
Right. But like anything, you know, there's some balance, there's middle
ground. And the problem that we have in this country both politically, we
got a lot of problems in this country, but financially and politically, is
that we tend to swing from extreme, from one extreme to the next.
Right where you know where we go from being gold backed to fast forward forty
years later, we're running two and a half trillion dollar deficits, you know
what I mean, where we don't even care about debt anymore. And so
it really is that middle ground. But no to the way it's built today,
at least the selling points of these coins, it makes them by definition
structurally unsuited to be a currency of any large area. Now, I think
they can prove to be a valuable way to hedge the value of your currency,
right, to protect yourself from the degradation of the value of the currency.
But to replace it, you know, like I said, bitcoin,
I mean, the whole world would implode if you converted to a bitcoin currency,
yep, got it, yep? And so the banking system can't run
without a currency, and we can't step in and replace the currency, because
of the infrastructure, the backing of it, et cetera. Got it.
When you think of the phrase health care, what comes to mind about this
health? How do you define it? For me? I define health as
being able to do the things that bring me life, to do them well.
Now that changes over time. It just does. There will come a
time, for instance, where I won't be able to do CrossFit, even
at the level I do it now, And I'll be frank with you.
I struggle with that. I struggle with wanting to live through that. Now
God will provide a way. He'll provide a path. I'm not a guy
that's going to go kill myself. That's a loser's way out. You hand
the pain aff to other people, and it's not that bad. I'd find
other things. But I define health as a capacity to be able to do
what you like to do, and to do it relatively pain free. How
do you define it? At renew dot Healthcare, they define it this way,
elevating your quality of life how well by being pain free or In fact,
there are some people who use the ethically gathered stem cells. This comes
from centers and umbilical cords to be better looking aesthetically there are people who do
that, and I don't judge. I have friends who do this. I
was blown away to find out the number of people I know who've taken botox.
Blown away. One of my responses was, why why would you do
that? There is a treatment available there that is not botox. It is
putting stem cells into your face if the wrinkles bother you. That comes from
placentas and umbilical chords, and it is not I use a strain that's not
been exposed at all to the modified orn injections. Yes, it's aesthetic.
There's also though, this quality of life being able to continue to golf.
Now. I don't play golf. I probably couldn't ever do it, so
it's just my mind doesn't work that way. I would probably end up gouging
my eyes out out of boredom. I'm not criticizing you for playing it.
That's me. You be you. There's a reason so many professional golfers go
to renew Dot healthcare because in the golf game, in sports, when you're
at that level playing pro golf, you're more likely to have an injury that
is like an industrial injury, pretitive movement injury like carpal tunnel. Well,
guess what. The stem cells can just destroy carpal tunnel and bring you back
to being able to do the things you like to do. Even people who've
had severe accidents and have ended up with severe neurological issues like being paralyzed,
have seen incredible results for renew dot Healthcare. It's about quality of life.
Elevate your quality of life. Go to renew dot Healthcare and just simply tell
them you watch and or listen to the Todd Herman show renew dot Healthcare.
I went through your Twitter channel, Zach, would you like to know an
ad that's running because I'm really curious what you think of this in financial implications.
This was running on your feed and it says AJA and n rare Carrot
Engagement ring shopping. What size can you get for five thousand dollars natural one
carrot lab two point five carrots source eatn Golon tenrous. Lab grown diamonds are
quickly becoming the go to consumer choice. So if I'm looking at this,
and I'm looking at as in isolation, okay, it's lab grown diamonds,
I'm like, okay, well it's just lab grown diamonds, right, They're
fake diamonds, But are they really fake? I mean they're made the same
way, but not through time and pressure. Like Andy duffrain in that great
movie Time and Pressure. Andy dufran knew that what was that the Shawshank redemption?
Yeah? All right? So number one just taking as a husband,
now you could go out with your with your bankroll, you could go buy
your wife a fifteen thousand dollars, you know, diamond ring. And she
looked at it to be huge, because it would be let's see seven point
five carrots or so, so she'd look at that. If she looked at
you and said, is this lab grown? What would you say? Uh?
I'd say, honey, look how big is you know? What's funny?
Is she probably? I don't even I don't think she'd care. She
like I asked her, what do you you know when it comes to jewelry?
Says big, bigger and shinier. Okay, So do you think she
could? I don't know. I don't know. I think would you do
like a stands a thing? Like when you say lab grown? What what
do you are you accusing me? What? Maybe? What I see here
is I see compressed carbon with heat over time? You know whether that happened
the Good Lord's laboratory or in somebody else or there you go. You know,
why does it matter? Right? So if I look at this outside
of a vacuum, though, now I start thinking about three D printers in
people's houses. I start thinking now, economically, this has been promised for
years. Some of the the pharm of people are now talking about pharma.
You'll print at your house and it will have that wonderful thing where it can
tell you took the pill. The guy runs Pfizer has talked about this.
You'll print out the medication at home, you'll take it, and then the
Wi FI will say, yeah, Zach took it. And if you gave
it to your dog, go to go mmmm, that's dog DNA. That's
not Zach's dna. They've been talking for years about three D printing things like
picture frames. They've been talking about three D printing dishes. So when that
happens to me if we're doing this with diamonds, granted you're not three D
printing the diamonds, it's coming out of a lab. I get that.
But that shift when that happens, when you finally start seeing these products three
D printed houses like there's a futurist who talks about three D printing your own
clothes. Then that makes a ton of sense because it's basically it's like toner,
but the turner turns into a synthetic fiber. You could look at a
shirt, click a button, and you could print that at home. When
that happens, we no longer have any form of like labor economy, et
cetera. Uh, if that actually occurs, is that good or bad?
Mm hmm, that's a that's a that's a hard one. Yeah, because
I see you thinking, Wait a minute, I could print out footballs for
my kids. Yeah, I could print skis. I think I think generally
speaking, I think if we're thinking about it in terms of politically, I
think it could be a good thing. Yeah, if it increase freedom,
you know. But but yeah, but the the tough part about it is,
like you mentioned the pharma, you know, example, it's gonna cut
Yeah. I think we're at a very interesting time, meaning I think that
every advance in technology is going to be a double edged sword from here on
out, you know what I mean, Like, yeah, it's gonna have
upsides, but it's all also gonna have downsides. I just think we're at
that point right where the very you know, for instance, you like you
look at AI. Is it going to do incredible things in the world of
pharma specifically, we believe so, I think it's going to do incredible things
in a lot of different areas. But there's no question it's going to get
harnessed by governments in order to track us and restrict liberties and freedoms even more
than they already are. So. And then there's this have you've seen AI
girlfriends? Oh? Yeah, yeah, I mean I haven't. Wait wait,
your your wife not be okay with it? A girlfriend? Honeyhea?
Well no, yeah no, but just you know, I just man,
I'm it. I I it's such a priority for me to steer away from
any of that kind of me too, obviously, No, I'm joking.
I would never want anything. It's disgusting. But do you know that they
actually argue with you, that these young men they sign up with AI bots
that will send you text saying you said you'd be home, and this young
man saying, no, but I'm with my friends. No, I don't
think you with your friends. Send me a pick. I want to see
a selfie where you're at right right, they're actually paying for that. They're
paying. You can have girlfriends who are super sad and I really need you,
can you help me? And oh baby, I'm at work, but
what's going on? I just think I'm fat. Now, No, sweetie,
I love you so much. You're the perfect woman for me. And
you've got the you know, And there are guys with that you can get
high maintenance, low maintenance, and there are young men. Now in the
thick you have Japan right where there's a shortage of women on purpose because they
saided to genetically engineer their society for the better good, because that's what their
medical technocrats told them. Well, this is the girlfriend, Zach. This
is like and God said, it is not good that man is alone.
This tech is happening now and AI is trying to stop it, but these
applications keep getting built. That happens in the same week that we learned he
finally did it. They finally ran the tests in San Francisco to block the
sun. Did you hear about this? No, they finally did it.
They finally shot up a bunch of particles into the sky to try to block
the sun in San Francisco. God said, it is not good that man
is alone. God said, you shall not lie. God said, let
there be lights, and people at Harvard and Bill Gates said, now,
don't let there be light. Dude, we are in the mix. No,
we are in the mix. We are in the mix, right,
and this is the battle. Yeah. Let me let me leave you with
not not so much on that, but I want to leave you with a
quick thought of something that we were talking about. Is this is about coming
to seal fit with me. No, No, it's it's about where we're
at, because I think that you're and I've said this before, but I
think you're at a pivotal time where in investing, where Warren Buffett refers to
these periods of times as people are selling what they're about to need to buy
what they should have previously bought. People are selling what they're about to need
to buy what they should have previously bought. Right, So what he means
is people are chasing performance and the things that have gone up and are not
paying attention to the fact that the game is changing drastically under their feet.
So one of the ways to illustrate that is really interesting. If you look
at commodities by and large. Pretty much every asset class in the world is
at well, not in the world, let's pull it back. I mean
the world too, you could say, but certainly here in the United States,
virtually every asset class because of this quote unquote inflation is at or near
recordized, right, Accept commodities, Accept commodities, things, touch and feel.
Yeah. Do you know what the price of a pound of copper was
in twenty twelve? You told me once but not forgotten. Right around three
dollars and ninety three cents. Okay, that was like an average price.
You know what it is todays, Like four dollars and ten cents. Okay.
You can get a pound of copper right now for about a twenty percent
discount to what a big mac costs. And it's you know, it's not
like we're telling the entire country everything has to be electric, except we are.
That's that's saying, Zach, that's insane. Here's the other part to
it, And this is why I'm telling people that you need custom build portfolios.
You look at all the portfolios out there. You've got record low exposure
to this kind of stuff, and this stuff is dirt cheap, and the
setup looks amazing for all the reasons that we know. Does a guarantee success?
Know, nothing does. But if you'll want to buy things that are
cheap on a real basis or inflationary basis, which I still think that that
will prove to be the best way to invest, right, to buy things
that are undervalued. But there's a deeper thing. And I was having this
discussion with a client earlier today. It's not just that the prices are low.
It's that no capital has flown into these industries or these sectors for the
last twelve to fifteen years. And you know how you know, how many
investors do you know out there? Or how many of these stories have you
heard about? These in these hedge funds that only invest in natural resources and
commodities and have crushed the stock market. You don't hear about any of them.
Why you went out and started a hedge fund at any time in the
last ten to twelve years and said you wanted to invest in this, you
know how much money you gathered up? Nothing? Right, So there's been
no investment. If you look at gold, copper, silver, and don't
hold me to it, one might be, but generally speaking, there has
been net negative investment in those sectors. So it's not just the price now,
but you don't have new production coming online. And how do you know
that because the price hasn't gone up, right, Like I mean, you
can dig through industry stuff and come up with and realize that there have been
no net new openings of minds. But think what's happened to the global economy
since then, Think of what's happened to population growth since then, And it
just it boggles my mind that in this age of inflation, everybody's running to
cryptocurrencies in these tech companies and I'm sitting there going, guys, you know,
and think about it. I always think about in terms of it's proven
to be a good exercise for me. Think about yourself twenty years in the
future, looking back on the decisions you're making today. Yep. And the
thing that haunts me all the time on this subject is, you know,
like I think about my son or my daughter scratching your head and go away
a second. Dad, we were dealing with the greatest bout of inflation that
we'd seen in forty years, and commodities were at twenty five year lows secularly
speaking, and you didn't think it was a good idea to buy them.
Why It's like my daughter is saying, why didn't you lie to moment by
bitcoin when it first started? Right right by the way, right with more
bitcoin, more copper? Yeah, did you see this? More computers,
more copper, right, more justice is more copper. That's nuts. Hey,
since you actually manage money for me, could you put my entire portfolio
the copper place? I know, because that's not managing really, No,
I know. It does. Always good to talk to you, my brother.
Always good to have wise counsel. Day Zach Abraham, chief investment offic
for Bot Capital Management, know your risk Gradio dot Com. Thank you,
man. I appreciate you as always as was always mind blowing stuff. Remember
something that God said that you money you have is stuff that you're given to
Steward. It belongs to him. He gives it to us to Steward wisely.
And I think you just got some very very wise counsel in the whole
show, but particularly those last few moments. This is the Todd Hertman show.
Please go be well, be strong, be kind, and hey,
give thanks to God for what he's giving you to Steward.