1 00:00:00,600 --> 00:00:04,120 So, hey, listen, I was looking at a little testimony from a 2 00:00:04,120 --> 00:00:08,599 guy and he was saying some things and some stuff, and he's with the 3 00:00:08,640 --> 00:00:13,279 Alliance Defending Freedom and he's their senior vice president. Is to Desco, Jeffrey 4 00:00:13,279 --> 00:00:17,359 to Disco. He just said some crazy things like the US Treasury is working 5 00:00:17,480 --> 00:00:24,079 with banks to debank conservative companies and organizations and churches and Christians and they intend 6 00:00:24,120 --> 00:00:27,800 to expand these rights. And they've done this to a United States senator, 7 00:00:27,839 --> 00:00:30,719 like, hey, senator or a retired senator, you don't get to have 8 00:00:30,719 --> 00:00:35,039 a bank account anymore because you have problematic views. So I thought what I'd 9 00:00:35,039 --> 00:00:39,439 do is call Zach Abraham, and we did and he picked up the phone 10 00:00:39,759 --> 00:00:44,359 after I got through his people. That was tough. So say again your 11 00:00:44,439 --> 00:00:49,359 name it's Todd Herman. Okay, one second hello mister Abraham's office. Yes 12 00:00:49,439 --> 00:00:52,359 hi, I'm having appoint with with Zach. Okay this mister Abraham. Sayg 13 00:00:52,439 --> 00:00:57,560 in. Your name's Todd Herman. One moment, Hello Zach Abraham's Office, 14 00:00:57,920 --> 00:01:03,679 London. Wasn't quite that. He doesn't do any of that. I'm fun 15 00:01:03,679 --> 00:01:06,920 in you, Zach Abraham, Chief Investments, Bowl Cap and Manage. We're 16 00:01:06,920 --> 00:01:08,879 going to talk about that. Are young people going to be allowed to have 17 00:01:08,920 --> 00:01:14,640 money? Plus, we've got a groove on this NPR thing. The Todd 18 00:01:14,680 --> 00:01:23,120 Herman Show is one disapproved by big pharma technocrats and tyrants everywhere. No from 19 00:01:23,159 --> 00:01:30,640 the high mountains of Free America. Here's the Emerald City exile Todd Herman. 20 00:01:38,680 --> 00:01:42,599 Today is to day the Lord has made, and these are the time so 21 00:01:42,599 --> 00:01:46,719 which God has decided we shall live. Appreciate you being here. If you're 22 00:01:46,760 --> 00:01:49,640 watching in the video service, you're about to see Zach Abraham. That's good 23 00:01:49,640 --> 00:01:52,239 for you. If you're not yet in the video service, you can subscribe 24 00:01:52,239 --> 00:01:57,879 at video dot the Todd Herman Show dot com. Good afternoon, my brother, 25 00:01:59,120 --> 00:02:02,359 Zach, Good afternoon. Indeed, happy to be here. I was 26 00:02:02,840 --> 00:02:09,599 sometimes I go through and scope your Twitter channel and you were on this NPR 27 00:02:09,759 --> 00:02:14,479 thing. And this is a fun little bit the free press. I've been 28 00:02:14,479 --> 00:02:17,560 at NPR for twenty five years. Here's how we lost Trust's lost America's trust. 29 00:02:19,560 --> 00:02:23,639 Uri Beerliner, a veteran of the Public Radio Institution, says the network 30 00:02:23,719 --> 00:02:29,400 lost its way when it started listening, telling listeners how to think and the 31 00:02:29,439 --> 00:02:34,400 empire strikes back. Mally Hemingway points out that David FOLKLM. Thick, he 32 00:02:34,479 --> 00:02:38,199 tweeted, the NPR news chief defends newsrooms record after senior editor says networkers lost 33 00:02:38,199 --> 00:02:44,960 America's trust. So Edith Chapin is the Mpire's news executive. You want to 34 00:02:44,960 --> 00:02:47,879 know what her claim to fame is before this act? I know I'd love 35 00:02:47,919 --> 00:02:52,000 to know. Though. She was the one who wrote the piece about why 36 00:02:52,120 --> 00:02:58,360 NPR couldn't possibly do journalism on the Hunter Biden laptop. So now she's saying 37 00:02:58,400 --> 00:03:00,599 no, there ain't no bias there at end her. So what'd you think 38 00:03:00,639 --> 00:03:09,280 of this whole thing? You know? I had a similar reaction to that 39 00:03:09,439 --> 00:03:15,759 story as I did watching the Shila Jackson Lee. Was this the one where 40 00:03:15,759 --> 00:03:20,719 the moon is made of gas? Yeah? Yeah, yeah? Where I 41 00:03:21,280 --> 00:03:24,840 And to me, that's an old timer that that belongs in the that belongs 42 00:03:24,840 --> 00:03:28,319 in the Hall of fame, right up there with the guy that was worried 43 00:03:28,319 --> 00:03:30,919 about guam tipping over Hank remember that one? Yeah, Hank, I can't 44 00:03:30,919 --> 00:03:37,759 remember his full name. Are you afraid that the island make capsize? And 45 00:03:38,080 --> 00:03:42,719 I love the general he's so calm. Congressman Bill, think the island this 46 00:03:43,000 --> 00:03:46,759 good of cap size? Yeah. If you if you look at the general 47 00:03:46,800 --> 00:03:50,000 though, you can tell he was just holding back. Oh my gosh. 48 00:03:50,120 --> 00:03:54,599 Can you imagine if he'd burst out laughing races. I don't know if I 49 00:03:54,639 --> 00:03:57,960 could have. I don't know if I could have held it in. Oh, 50 00:03:58,080 --> 00:04:00,479 I would have belly laughed. I would have blown snot. I would 51 00:04:00,479 --> 00:04:03,400 have been a snot blower. And then I'd have to cover it up and 52 00:04:03,400 --> 00:04:06,560 I'd be like, sir, the reason I'm laughing is it you because that 53 00:04:06,719 --> 00:04:13,319 question for the last six months and nobody else gets it except you, right, 54 00:04:15,080 --> 00:04:16,759 No, I would have been saying, I'm not laughing at you, 55 00:04:17,800 --> 00:04:23,879 I'm laughing through you. I uh yeah, I saw that. So but 56 00:04:24,079 --> 00:04:28,279 compared that to NPR, it's just that they're gonna now say this doesn't happen. 57 00:04:28,879 --> 00:04:33,720 Yeah, just like we're you know, I guess the look. Okay, 58 00:04:33,759 --> 00:04:38,279 you know what, I'm just gonna say it. I was as surprised 59 00:04:38,279 --> 00:04:43,000 at MPR for for you know, well, they didn't officially, but I 60 00:04:43,079 --> 00:04:47,199 was as surprised as that about that guy's account of what took place at NPR 61 00:04:48,120 --> 00:04:54,560 is. I was to find out that Sheila Jackson Lee was as let's put 62 00:04:54,560 --> 00:04:58,160 it this way, intellectually challenged, as I would have thought, all right, 63 00:04:58,240 --> 00:05:01,399 yeah yeah, and I gotta tell you go ahead, just like I 64 00:05:01,639 --> 00:05:06,759 think everybody needs to sit back and think about this. Okay, what does 65 00:05:06,800 --> 00:05:15,519 it say about us that we have elected leaders that think that a earthquake is 66 00:05:15,560 --> 00:05:18,399 the side effect of climate change, that the moon is made of gas. 67 00:05:18,519 --> 00:05:23,879 This isn't a Saturday Night Live skit, right, This isn't the This isn't 68 00:05:24,079 --> 00:05:28,000 what's his name, uh, pretending he's Harry Carey talking about if the ri 69 00:05:28,279 --> 00:05:30,839 if the if the moon was made of cheese, would eat it? Right? 70 00:05:30,879 --> 00:05:34,600 This is a This is an elected member of Congress that thinks that the 71 00:05:34,600 --> 00:05:38,920 moon, and then the stuff she said about the sun was equally bizarre. 72 00:05:39,920 --> 00:05:44,759 These are not off color moments. These are thugs, okay, and that 73 00:05:44,800 --> 00:05:48,800 has nothing to do with race. These are thugs that are political thugs and 74 00:05:48,879 --> 00:05:55,800 political hacks that have forced, bribed, or stolen their way into public office. 75 00:05:55,720 --> 00:05:59,079 Yep. And these people don't have the knowledge, base, the wisdom, 76 00:05:59,240 --> 00:06:01,879 or the foresight to run a lemonade stand, let alone a government. 77 00:06:01,959 --> 00:06:05,160 So let me ask this, because I do you know my Sheila Jackson Lee's 78 00:06:05,199 --> 00:06:11,040 story about the running car. I could know, but tee it up. 79 00:06:11,079 --> 00:06:13,759 I mean it's got Yeah, I gotta tell you that that I gotta tell 80 00:06:13,759 --> 00:06:16,319 you about NPR that we got to get under this thing about this is an 81 00:06:16,360 --> 00:06:21,120 amazing testimony Jeffrey Dedesco Alliance Defending Freedom. I mean he went through example after 82 00:06:21,120 --> 00:06:26,920 example for example of d banking, including a former US senator. Sorry, 83 00:06:27,000 --> 00:06:30,279 senator, you can't have a bank account anymore because they have three important questions 84 00:06:30,279 --> 00:06:38,959 for you about that. All right, Sheila Jackson Lee here, Zach Abraham. 85 00:06:39,199 --> 00:06:41,240 I'm in Washington, d C. I don't know if you know, 86 00:06:41,279 --> 00:06:45,000 I'm kind of a big deal because I worked in DC, so that I 87 00:06:45,000 --> 00:06:46,920 mean, you know, I had I had a couch in my office and 88 00:06:46,920 --> 00:06:55,399 stuff two windows. Yeah, I know, it sounds like a Hollywood movie 89 00:06:51,319 --> 00:06:59,439 that it was actually a couch that sat outside Nancy Reagan's office. She had 90 00:06:59,480 --> 00:07:00,920 an office at the R and C. It was candy cane stripe. It 91 00:07:01,000 --> 00:07:06,839 really was Nancy Reagan's couch. Yeah, run one of our small couches. 92 00:07:08,040 --> 00:07:11,199 So we're sitting there and there's a we're having a meeting the morning that Cap 93 00:07:11,319 --> 00:07:14,199 and Trade is being voted on. One of the Cap and Trade votes and 94 00:07:14,319 --> 00:07:20,959 Zach for an hour. There is an suv running outside my window. I'm 95 00:07:20,959 --> 00:07:25,759 like, someone's got to turn that off. And there's a driver sitting in 96 00:07:25,800 --> 00:07:30,519 it, running, running for an hour, and it's just, you know 97 00:07:30,560 --> 00:07:36,279 that, it's just it's that white. It just and it just grates on 98 00:07:36,319 --> 00:07:40,839 you and you want to open to it and say shut up. Yep. 99 00:07:41,360 --> 00:07:47,279 So we're watching and having it is. Here comes Selah Jackson Lee out of 100 00:07:47,279 --> 00:07:54,959 her apartment, walks downstairs with a guy guarding the Great Lady. The Great 101 00:07:55,040 --> 00:07:57,639 Lady and I go, get a camera, get a camera, get a 102 00:07:57,680 --> 00:08:01,439 camera. I made all my staff before I before all phones had good cameras, 103 00:08:01,480 --> 00:08:03,439 we had these flip cameras. Get a camera. We film her. 104 00:08:05,199 --> 00:08:09,199 She walks down the steps. She gets into the suv that's been running for 105 00:08:09,439 --> 00:08:15,160 an hour. Trace it, trace it, run run They got the building. 106 00:08:16,079 --> 00:08:22,920 The car drives for about ninety seconds, the suv into the Longworth parking 107 00:08:22,959 --> 00:08:28,519 lot for the Longworth Congressional Building. The Great Lady exits the car and the 108 00:08:28,519 --> 00:08:31,879 Great Ladies escorted into the building where she's about to vote on cap and trade. 109 00:08:33,799 --> 00:08:41,159 The Great Lady's car the suv continues to run. One of my staff 110 00:08:41,200 --> 00:08:43,080 went to the driver and said, hey, how long do you keep it 111 00:08:43,159 --> 00:08:46,840 running? As long as congress woman wants? Why she don't like a cold 112 00:08:46,879 --> 00:08:54,159 car. She's voting on cap and trade because cars are destroying the planet. 113 00:08:54,919 --> 00:09:01,240 That's why, Sheila Jackson lee, Sorry, it works perfectly. And here's 114 00:09:01,279 --> 00:09:05,799 the one thing that I actually she went up. She went up a few 115 00:09:05,799 --> 00:09:11,240 pegs in my book. No, no, she did. And I'll tell 116 00:09:11,279 --> 00:09:16,000 you why. Okay, why because what I attributed it goes back to my 117 00:09:16,039 --> 00:09:20,639 own line of don't contribute or not contributing to conspiracy that which can be explained 118 00:09:20,639 --> 00:09:26,120 through stupidity. Okay, she's more altruistic than I thought. Let's put it 119 00:09:26,159 --> 00:09:31,000 that way, Okay, meaning I realized the other day watching that and then 120 00:09:31,080 --> 00:09:35,159 hearing this, I realized that she's not twisting her mustache in a smoke filled 121 00:09:35,200 --> 00:09:43,039 room coming up with these strategies. She's not a smart person. She's just 122 00:09:43,120 --> 00:09:48,399 not a smart person. She's not Did you hear the whole quote? You 123 00:09:48,440 --> 00:09:50,759 gotta hear the whole quote. And if everybody's listening, you gotta don't just 124 00:09:50,799 --> 00:09:54,519 take our word for it. You gotta go here because it wasn't just what 125 00:09:54,559 --> 00:09:58,360 she said about the moon then she started to wax scientifically on the sun and 126 00:09:58,399 --> 00:10:01,639 that was z She's like, you know, you can't go anywhere near as 127 00:10:01,639 --> 00:10:07,440 close to the sun as you can the moon. And I'm close on the 128 00:10:07,440 --> 00:10:09,639 bloody thing. Lady, Like, what what are you talking about? Well, 129 00:10:09,679 --> 00:10:13,159 we can't wait, Zach gets liquid. You can't walk in liquid. 130 00:10:13,320 --> 00:10:18,559 You're not Jesus Jesus walks in liquid. You can't do that. Let me 131 00:10:18,600 --> 00:10:22,080 tell me. I get you NPR story. You know this guy, but 132 00:10:22,159 --> 00:10:26,480 I can't say his name. Hold on, I could text you. No, 133 00:10:26,840 --> 00:10:31,000 wait, maybe he met this guy. So when we were working radio, 134 00:10:31,080 --> 00:10:35,200 you and I both knew a guy in common. And I'm gonna text 135 00:10:35,240 --> 00:10:37,840 you to see if you remember this guy. And he was a good guy. 136 00:10:37,840 --> 00:10:41,200 He was a super nice guy, and I mean truly was. He 137 00:10:41,279 --> 00:10:45,879 was a liberal, but not crazy. In fact, he hated the liberal 138 00:10:45,919 --> 00:10:50,559 thing about blocking you know, highways and all that. He'd said, I'd 139 00:10:50,559 --> 00:10:52,600 get out of my car and punch a person if they did that to me. 140 00:10:52,679 --> 00:10:56,480 I texted you his name, so okay, Yeah, so I used 141 00:10:56,480 --> 00:10:58,240 to have on my show from time to time. He got fired and I 142 00:10:58,279 --> 00:11:01,799 hated that he was He's actually really good at radio. I enjoyed his show, 143 00:11:01,840 --> 00:11:05,080 even though it was liberal. He didn't do he actually didn't do that 144 00:11:05,159 --> 00:11:09,240 much politics. I saw him walking in the street in Seattle one day. 145 00:11:09,240 --> 00:11:11,919 He'd gotten the job at public radio, and I stopped and they go, 146 00:11:11,960 --> 00:11:13,919 hey, dude, it's good to see you. I mean, how is 147 00:11:13,960 --> 00:11:16,759 this gig? And he goes, Oh, my gosh. I do an 148 00:11:16,759 --> 00:11:22,240 hour a day and five people work on my show. I walk into the 149 00:11:22,279 --> 00:11:28,080 studio. The research is done, the printouts are done, the sound bites 150 00:11:28,080 --> 00:11:33,399 are pulled. I sit in a studio with five people. I got a 151 00:11:33,399 --> 00:11:37,240 board op, I got someone taking calls, I got someone doing live research, 152 00:11:37,960 --> 00:11:41,320 and after an hour I leave. They're script readers. This well, 153 00:11:41,960 --> 00:11:45,080 it was good for him because he just told them what he wanted on the 154 00:11:45,080 --> 00:11:48,399 show tomorrow. I want to talk about hockey. Okay, we'll talk about 155 00:11:48,440 --> 00:11:52,120 hockey and some things in the news. He sat and he did this. 156 00:11:52,840 --> 00:11:56,279 Zach. When I worked on Russia's show for like two hitter times, the 157 00:11:56,399 --> 00:12:03,519 highest number of people who ever worked on that show ever. Three Rush had 158 00:12:03,559 --> 00:12:07,519 a five year, seven hundred and fifty million dollar deal because he made billions 159 00:12:07,519 --> 00:12:11,080 of dollars for the network three. Now there are a bunch of people in 160 00:12:11,120 --> 00:12:13,440 Russian Limbo, dot com, et cetera. I'm not here to say that 161 00:12:13,480 --> 00:12:18,000 it was only three people. But live on the show three guess who did 162 00:12:18,039 --> 00:12:24,519 the show? Research? Rush and James period, that's it. Yeah, 163 00:12:24,600 --> 00:12:26,440 Bo was just Bo was just the producer, right, Oh no, both 164 00:12:26,440 --> 00:12:30,679 did a lot of prep. So James is Bo. So yeah, so 165 00:12:30,840 --> 00:12:33,759 sometimes James screen called it James is Bo. But yeah, on that show, 166 00:12:33,840 --> 00:12:39,000 that successful radio show had fewer people working on it than a one hour 167 00:12:39,320 --> 00:12:46,120 local public radio show in Seattle. Who is that all government funded? It's 168 00:12:46,120 --> 00:12:50,639 like twenty five percent government funded. So you're writing a check for that? 169 00:12:50,679 --> 00:12:54,000 Where else they come up with the other funding? Oh it's it's it's underwriting. 170 00:12:54,080 --> 00:12:58,840 It's it's it's companies who want to cozy up to that. Oh yeah, 171 00:12:58,919 --> 00:13:01,279 yeah right right eighteen see the underwriting stuff. That's that's how that's done. 172 00:13:01,399 --> 00:13:03,679 So that's can you tell? Can you tell? I? I have 173 00:13:03,759 --> 00:13:09,360 spent way too much time in the private sector, especially being self employed, 174 00:13:09,399 --> 00:13:13,000 because I don't I don't. I lack the skill to understand how that bureaucratic 175 00:13:13,080 --> 00:13:16,480 cozy up to power game is played. It catches me off guard all the 176 00:13:16,480 --> 00:13:20,720 time. No, because I get it, because you have the crispus financial 177 00:13:20,759 --> 00:13:22,480 mind I've ever known. And so I'm a little baff at you, going, 178 00:13:22,519 --> 00:13:26,679 wait, how do they pay for that graft? Yeah? This portion 179 00:13:26,759 --> 00:13:31,440 of all things considered underwritten by AT and T America's communication network. This portion 180 00:13:31,559 --> 00:13:37,360 of all things not considered underwritten by Starbucks, where we back chemically surgically mutilating 181 00:13:37,399 --> 00:13:41,759 your children. Mmm, coffee? I would venture to guess they got some 182 00:13:41,799 --> 00:13:48,559 Pfizer spots they run on there. Oh you think? Yes? Scientific youtten 183 00:13:48,679 --> 00:13:56,960 you this underwritten by Pfizer because we care about you. Right. I'm constantly 184 00:13:58,080 --> 00:14:03,200 now amazed when I go to stores at how much garbage I have bought in 185 00:14:03,240 --> 00:14:09,159 my life, truly amazed. You know. I still have an occasional monster 186 00:14:09,320 --> 00:14:11,399 soda and I even have a little bit of gum from time to time. 187 00:14:11,679 --> 00:14:16,879 And just this morning when I was buying this gum, why because they moving 188 00:14:16,919 --> 00:14:18,559 around people. I don't want to be breathing brad breath. So why don't 189 00:14:18,600 --> 00:14:22,799 I just have a toothbrush and toothpaste around? Why don't I just do that? 190 00:14:22,840 --> 00:14:26,919 Like this toothpaste any better? Why don't I just have mint around? 191 00:14:26,039 --> 00:14:28,600 I know that makes me sound like a hippie, but I'm really beginning to 192 00:14:28,639 --> 00:14:31,840 look into grocery carts. Like I was in a store this morning and there's 193 00:14:31,879 --> 00:14:35,440 this guy buying cigarettes, and I'm thinking, oh, brother, please quit 194 00:14:35,440 --> 00:14:39,080 smoking. And here I am standing here buying useless gum. I mean, 195 00:14:39,159 --> 00:14:43,600 yeah, it's probably not gonna kill me. Cigarettes will kill you eventually, 196 00:14:43,720 --> 00:14:46,039 or most people make you very, very sick. So when I find that 197 00:14:46,120 --> 00:14:52,039 i'll turn into this, I am going to embrace it. That's what I've 198 00:14:52,080 --> 00:14:56,200 done with native path krill. I've embraced it like I've embraced drinking water instead 199 00:14:56,200 --> 00:15:01,120 of the next cup of bubbly soda. I'm braced native pathcrill, and I've 200 00:15:01,200 --> 00:15:05,360 dropped ibaprofen. And you can do the same thing. Native pathcrill comes from 201 00:15:05,360 --> 00:15:09,759 the cleanest waters to which we have access. These are in the Antarctic. 202 00:15:09,240 --> 00:15:13,879 They're relatively free or very free of heavy metals and toxins that are in so 203 00:15:15,120 --> 00:15:20,279 many of the other portions of the ocean. They're crustaceans obviously different from fish, 204 00:15:20,320 --> 00:15:24,000 and the resulting Omega three oils are far far more absorbable, up to 205 00:15:24,039 --> 00:15:28,879 four hundred percent more absorbable than that which comes from fish. And it's not 206 00:15:30,559 --> 00:15:35,240 just inflammation. It fights. It prevents your gut lining from being destroyed, 207 00:15:35,559 --> 00:15:39,960 which is what Iberprofen does. While it doles the pain from inflammation, it 208 00:15:41,159 --> 00:15:46,159 causes more inflammation. Therefore you take more of their product. Ain't that what 209 00:15:46,200 --> 00:15:50,559 pharma does. Isn't that why I'm standing in line buying gum. It's not 210 00:15:50,600 --> 00:15:54,399 because it makes my breath smell good. It's because I like chewing the garbage. 211 00:15:54,759 --> 00:15:58,879 Please toss Pharma. Go to nativepathcrill dot com Todd find out the specials 212 00:16:00,120 --> 00:16:03,159 have for you today. Get off the iberprofen. Don't let it harm youlivered, 213 00:16:03,159 --> 00:16:07,120 don't let it come for your kidneys. Nativepathcurl dot com, sash Todd. 214 00:16:07,320 --> 00:16:10,919 Take the Omega threes that are far more observable. Nativepathcurll dot com slash 215 00:16:10,960 --> 00:16:18,559 Todd. I gotta shift gears. I gotta ask you the three questions I've 216 00:16:18,600 --> 00:16:22,720 been told by what we've put him up with a teleprompter. Hold on second, 217 00:16:22,720 --> 00:16:25,759 we gotta said that the teleprompter hold on, hold on, no, 218 00:16:25,879 --> 00:16:29,039 run it slow right, you know, I'm just a teleprompter reader. I 219 00:16:29,080 --> 00:16:33,679 just slowed down right there. So there was this testimony by a guy who 220 00:16:34,080 --> 00:16:41,120 is with the Alliance Defending Freedom, and we'll probably play this next week in 221 00:16:41,480 --> 00:16:47,360 some detail. So he went and testified in front of Congress, and he 222 00:16:47,480 --> 00:16:52,159 talked about several examples. His name is Jeffrey Dedsko, Senior vice presidents at 223 00:16:52,240 --> 00:16:57,159 Alliance Defending Freedom. Several examples of conservative organizations, Christian organizations. There was 224 00:16:57,200 --> 00:17:00,840 a mission group that all they did is they took the Word of God and 225 00:17:00,919 --> 00:17:07,480 Bibles and food to Uganda and they got dbanked. A retired US Senator's been 226 00:17:07,519 --> 00:17:11,880 debanked. They've uncovered documents showing that the US Treasury has worked in conjunction with 227 00:17:11,960 --> 00:17:17,000 these banks telling them you're going to bank these groups with problematic views. Now 228 00:17:17,039 --> 00:17:19,960 we know about social credit, we know this is all coming. It's it's 229 00:17:21,440 --> 00:17:26,799 all of that is very very clear. But my question for you is do 230 00:17:26,839 --> 00:17:33,440 you really think the government is willing to do this to people on a large 231 00:17:33,440 --> 00:17:38,559 scale? Well, I don't. I don't think it's okay. So let 232 00:17:38,559 --> 00:17:44,599 me get into my whole syops part of the you know theory. I don't 233 00:17:44,599 --> 00:17:48,200 think that any of that stuff is effective on a large scale, right, 234 00:17:48,319 --> 00:17:51,960 like just evaluating the you know, human behavior of the way people think, 235 00:17:52,359 --> 00:17:56,160 because if it was done on a large scale. Then then the curtain gets 236 00:17:56,160 --> 00:18:02,599 pulled back and everybody, including those who are politically supportive, but also that 237 00:18:02,720 --> 00:18:07,880 aren't politically supportive, we'll have to confront that reality, right, And I 238 00:18:07,880 --> 00:18:12,960 think it's I think it's kind of akin to how you hear like at the 239 00:18:14,079 --> 00:18:18,839 end of the day when and you you know what election you're going to see 240 00:18:18,839 --> 00:18:22,960 it reflected in. I don't know, but at the end of the day, 241 00:18:22,000 --> 00:18:26,720 at the very least, the whole vaccine thing has cost the government a 242 00:18:26,720 --> 00:18:30,720 lot of credibility, right at the very least, right, right, And 243 00:18:30,759 --> 00:18:34,000 I kind of think you can look at that as a microcosm. If they 244 00:18:34,039 --> 00:18:37,799 start spreading that out on a large, larger scale, I think it has 245 00:18:37,880 --> 00:18:42,640 diminishing returns, right because people become aware of it. If if you keep 246 00:18:42,680 --> 00:18:48,400 it on the fringes, I think it's highly effective because it can shut down 247 00:18:48,480 --> 00:18:52,559 some of the largest voices that are pushing against you, and everybody in the 248 00:18:52,599 --> 00:18:56,640 mainstream can write off anybody that's addressing it as a conspiracy theorist, right. 249 00:18:56,960 --> 00:19:02,359 So I just think it's more effect when it stays in that smaller scale realm. 250 00:19:02,599 --> 00:19:07,480 Okay, so when they're picking individuals versus going after all of us, 251 00:19:07,359 --> 00:19:11,559 right is that right? Yeah? I think yes, I think it's more 252 00:19:11,559 --> 00:19:14,720 effective. But but but then if you you know, then if you look 253 00:19:14,720 --> 00:19:18,839 at you know, government or legislative creep, right, that that's always how 254 00:19:18,839 --> 00:19:22,039 it and then eventually we sell it by hey, the reason we all have 255 00:19:22,119 --> 00:19:26,400 to do this is to keep all of us safe, right, right? 256 00:19:26,599 --> 00:19:29,640 Right? So I think it is the camel getting its nose under the door, 257 00:19:30,119 --> 00:19:34,039 or getting its nose underneath the tent. But but no, I don't 258 00:19:34,079 --> 00:19:37,960 think that they can just roll that out real large. I think it takes 259 00:19:37,000 --> 00:19:41,559 time. I think it takes conditioning. And the other thing too, is 260 00:19:41,559 --> 00:19:47,200 that, like I said, you've woken up a lot of people that still 261 00:19:47,240 --> 00:19:51,920 may not consider themselves enemies of the left per se or enemies of woke, 262 00:19:52,279 --> 00:19:57,640 but are certainly more on guard. And yeah, I I don't will they 263 00:19:57,680 --> 00:20:02,759 try to absolutely, I mean, you know. So it's it's amazing to 264 00:20:02,799 --> 00:20:06,240 me that people can be this ferocious. And I know that's weird. I 265 00:20:06,240 --> 00:20:10,119 mean, I'm very cynical about DC. I don't trust any institutions. God 266 00:20:10,200 --> 00:20:14,279 told us all these things. But that's a ferocious thing to say you no 267 00:20:14,359 --> 00:20:18,400 longer get to involve yourself in the economic system, and there's this huge implications 268 00:20:18,480 --> 00:20:22,799 this I want to continue to talk with Zach about. Okay. I don't 269 00:20:22,839 --> 00:20:26,319 want to corner you into my world. You are my friend and brother. 270 00:20:26,440 --> 00:20:27,880 You have always have license to say to me, dude, calm down, 271 00:20:29,240 --> 00:20:30,519 exhale, or like you say to your wife, I ever say this to 272 00:20:30,519 --> 00:20:34,839 your wife. Sweety sweety, sweet sweetie, don't get emotional. That's a 273 00:20:34,880 --> 00:20:38,079 good one. Women love that because it makes them feel loved, Like when 274 00:20:38,119 --> 00:20:41,599 you say, hey, listen, let's think rationally here. Let's not get 275 00:20:41,640 --> 00:20:45,279 all hormonal. Sometimes that's the way. That's the way you cebment good love 276 00:20:45,279 --> 00:20:52,119 with your wife. Okay, so that's my experience. No, all right, 277 00:20:52,599 --> 00:20:53,720 all right, well then maybe I need some coaching a little later. 278 00:20:56,079 --> 00:21:02,200 Can we even deny for two seconds that doing this to individuals is a warm 279 00:21:02,240 --> 00:21:08,200 up for the mark of the beast? Can we even deny it? No? 280 00:21:08,200 --> 00:21:14,720 No, I mean I I think it's really hard to argue that it's 281 00:21:14,720 --> 00:21:18,920 not a move in that direction. That that being said, I would say 282 00:21:18,960 --> 00:21:23,079 though, that that that you know the danger and the ever present risk of 283 00:21:23,119 --> 00:21:27,920 tyranny whenever you're looking at any government, it is ever present. Right, 284 00:21:30,000 --> 00:21:32,200 And I actually wrote down here on the notes when I was talking. I 285 00:21:32,240 --> 00:21:34,480 didn't want to forget this, but you know, to go a step in 286 00:21:34,519 --> 00:21:40,720 that direction, I wrote down that, you know, when you start unbanking 287 00:21:40,759 --> 00:21:44,440 individuals for political reasons, not only do I think it's scary and wrong, 288 00:21:44,519 --> 00:21:49,279 but I think it's evil. It is and and and here's the part about 289 00:21:49,319 --> 00:21:56,640 it that I think is the most nakedly evil, which is, you know, 290 00:21:56,000 --> 00:22:00,160 we think about the pain and the issues that causes the individual. That 291 00:22:00,319 --> 00:22:04,960 is an attack on the social fabric of the entire society. Yep, it 292 00:22:06,000 --> 00:22:11,400 really is. That is an explicit effort to sew discord and to sow more 293 00:22:11,480 --> 00:22:19,960 hostility, and to breathe life into rumors of civil wars. And more importantly, 294 00:22:21,440 --> 00:22:26,000 it is distinctly un American, as many of these people that I disagree 295 00:22:26,039 --> 00:22:32,559 with so vehemently, I would like to think, and I truly believe this, 296 00:22:33,160 --> 00:22:37,680 that I would also come to their aid or their assistance if the government 297 00:22:37,720 --> 00:22:41,319 was doing the same thing to them. Meaning an attack on one of us 298 00:22:41,400 --> 00:22:44,480 is an attack on all of us. And that's the part about this whole 299 00:22:44,480 --> 00:22:48,680 thing that is so vexing to me, is you look at these people, 300 00:22:48,720 --> 00:22:52,920 and you go, Guys, I don't politically disagree with you. We all 301 00:22:52,000 --> 00:22:56,880 lose from this. This isn't a political issue. Right. I'm literally standing 302 00:22:56,960 --> 00:23:00,319 up for you as much as I am for me. Right, Yeah, 303 00:23:00,519 --> 00:23:04,920 you're you, You don't. You failed to understand that you're in a legal 304 00:23:06,000 --> 00:23:11,839 system. Therefore a government that operates on the basis of precedent. You're you're 305 00:23:11,960 --> 00:23:17,880 unlocking the doors and swinging it wide open. Yell right. And you could 306 00:23:17,920 --> 00:23:19,240 make this as complicated as you want. Let me try to simplify it for 307 00:23:19,319 --> 00:23:22,640 people. Back in the day, when I was in junior high, there 308 00:23:22,680 --> 00:23:26,240 was a guy his and his name was Keith, and everybody was afraid of 309 00:23:26,319 --> 00:23:30,759 Keith. Keith. He was in ninth grade and he had a full man's 310 00:23:30,839 --> 00:23:34,880 mustache, and he smoked, and he was bigger than us. And I 311 00:23:34,920 --> 00:23:38,640 was in seventh grade. And when Keith came at you, dude, and 312 00:23:38,759 --> 00:23:42,920 I got the word Keith, Keith wants to see you at the church after 313 00:23:42,920 --> 00:23:48,960 school. What you pissed him off? Like? Keith? He said, 314 00:23:48,960 --> 00:23:51,920 to meet him at the church. I'm not meeting Keith at the church. 315 00:23:52,359 --> 00:23:55,039 I'm not going to say his last name. I soon remember it no way 316 00:23:55,880 --> 00:23:59,319 like Keith. He'll get you, man, Keith is going to get you. 317 00:23:59,559 --> 00:24:02,079 And so yeah, one day then Keith did come to me and he 318 00:24:02,880 --> 00:24:04,839 slammed me up against the rockers. I was looking for you at the church, 319 00:24:06,880 --> 00:24:11,240 man, I didn't. I'm seventh grade, ninth grader. He's got 320 00:24:11,240 --> 00:24:12,319 that mustache and I just kept looking at the mustache, going, how did 321 00:24:12,359 --> 00:24:17,160 you grow that? Yeah, it's magnificent. And he smelled like cigarettes, 322 00:24:17,160 --> 00:24:22,599 and he smelled like man and and he said, you said this, that 323 00:24:22,640 --> 00:24:25,720 was me? That was me. And somehow, because God has equipped me 324 00:24:25,759 --> 00:24:30,680 with verbal elasticity, I was able to share with him that I didn't do 325 00:24:30,759 --> 00:24:36,480 that, and I'll be watching you. So fast forward to senior year, 326 00:24:37,839 --> 00:24:42,119 and now I have grown quite a bit, football, wrestling, all these 327 00:24:42,160 --> 00:24:47,920 things, boxing a little bit, although I hated boxing, weightlifting. Probably 328 00:24:47,960 --> 00:24:49,759 had your own mustache this time, well, but it never got to the 329 00:24:51,160 --> 00:24:56,079 key almost said his last name to the Keith level mustache. And we're downtown 330 00:24:56,160 --> 00:25:00,079 cruising, which was a big thing for us, and there's a guy starts 331 00:25:00,079 --> 00:25:03,480 throwing fingers and then he's throwing beer cans at my friend's truck and friends like 332 00:25:03,519 --> 00:25:07,279 pop out, Pop Out. This is before when you did that, you 333 00:25:07,400 --> 00:25:08,400 die. Now if you pop out, people shoot you and kill you. 334 00:25:08,720 --> 00:25:11,960 So back then that it didn't happen. You got a warning you should before 335 00:25:11,960 --> 00:25:19,240 people shot you. And I jump out and it's Keith stept. Keith hadn't 336 00:25:19,240 --> 00:25:26,160 grown one ounce the table. And I pop out of the car, out 337 00:25:26,200 --> 00:25:30,079 of the truck, and I approach and Keith gets out of the car and 338 00:25:30,079 --> 00:25:33,640 he's like, he actually looked at me and goes, wow, you're big, 339 00:25:36,559 --> 00:25:38,680 right, yeah, you remember me now that happened, right, so 340 00:25:38,960 --> 00:25:42,079 this is the thing, right, and and and he backed down, and 341 00:25:42,160 --> 00:25:45,720 I told him, you you let me off when you were bigger than me 342 00:25:47,119 --> 00:25:49,079 in ninth grade. So so I'm letting you go. I'm not going to 343 00:25:49,119 --> 00:25:55,799 beat you up. People who do not understand, and particularly business owners who 344 00:25:55,880 --> 00:26:02,759 do not understand you back the side that has power, because they have power. 345 00:26:03,240 --> 00:26:08,680 You sign up for all this. You're saying, I want to be 346 00:26:08,720 --> 00:26:11,960 bullied, right, And this is like you can make it as complicated as 347 00:26:12,000 --> 00:26:15,920 you want, but I think it's that simple. I would agree. I 348 00:26:15,920 --> 00:26:22,640 would agree one hundred percent. And it you know, and it's sad because 349 00:26:22,359 --> 00:26:26,440 the institutions, you know, I think of like the ACLU, the a 350 00:26:26,599 --> 00:26:30,160 c l U used to be a you know, love them, hate them, 351 00:26:30,240 --> 00:26:33,519 whatever, But they used to be an institution that understood this down to 352 00:26:33,559 --> 00:26:37,720 their core. Yep. Right, Like, when I think about the ACLU, 353 00:26:37,759 --> 00:26:41,599 and at that time, they were dominated by you know, uh, 354 00:26:41,839 --> 00:26:48,599 you know Upper East Coast, you know Jews effectively, and those people went 355 00:26:48,680 --> 00:26:55,519 in and defended the neo Nazis marching through yeah Skokie, Illinois, Right Like, 356 00:26:56,200 --> 00:26:59,640 why did they do that? The exact same principles were talking about, 357 00:26:59,680 --> 00:27:03,319 which is, no matter how repugnant we find the words somebody is speaking, 358 00:27:03,720 --> 00:27:10,279 what is far more repugnant is politically taking away their ability to say those things. 359 00:27:10,480 --> 00:27:12,400 And we all used to get it. There was this, there was 360 00:27:12,440 --> 00:27:18,200 a we had a societal contract. That contract has been shredded. Now we're 361 00:27:18,359 --> 00:27:25,319 throwing that power and cheering it on. It's it's almost like having a hurricane 362 00:27:25,359 --> 00:27:29,160 come ashore and you hate your neighbor across the street, and you pull out 363 00:27:29,480 --> 00:27:33,039 pull out lawn chair, right, yeah, tear down his house. And 364 00:27:33,039 --> 00:27:36,200 then all of a sudden it gets done tearing down his house, and it 365 00:27:36,200 --> 00:27:37,839 starts moving across the street and you go, oh, yeah, that's right. 366 00:27:38,079 --> 00:27:42,119 I live here too, right, that's perfect, that's exactly, That's 367 00:27:42,160 --> 00:27:48,400 exactly it. I'm one bigger and more complicated in depth financial question for you 368 00:27:48,440 --> 00:27:56,480 about this in a seconds. I get these bad, bad allergies this time 369 00:27:56,480 --> 00:28:00,960 of year, and sometimes it manifests, and I can breathe through my nose, 370 00:28:00,960 --> 00:28:03,079 which is the case now makes it difficult to do the show. You 371 00:28:03,119 --> 00:28:04,839 might be able to tell my voice is whack, and it's difficult for me 372 00:28:04,880 --> 00:28:11,319 to breathe and concentrate, and sometimes it manifested. Me having the most brilliant 373 00:28:11,359 --> 00:28:15,000 sniffer in the world, suddenly I'm like a bear and I can smell barbecued 374 00:28:15,039 --> 00:28:18,359 meat fifty five miles away. Or wait, there's a rotting calf somewhere on 375 00:28:18,359 --> 00:28:23,960 the hill that happened yesterday, and I smelled my truck. Now, I 376 00:28:25,480 --> 00:28:27,319 god blest my wife for never saying anything about this. No one else ever 377 00:28:27,359 --> 00:28:30,200 really rides in my trucks, and all this is really going, I s 378 00:28:30,240 --> 00:28:33,359 I guess my friend Kevin writes in the truck. But I opened the truck 379 00:28:33,359 --> 00:28:36,960 door. I'm like, wait, this smells like gym stink, And sure 380 00:28:37,039 --> 00:28:38,480 enough I got to ask my wife about this. Are you just being kinder, 381 00:28:38,559 --> 00:28:41,480 you don't smell the gym stink. So I'm going to pull a trick 382 00:28:41,519 --> 00:28:45,400 from my friend Ben, who took his Eden Pure oxy leaf two and put 383 00:28:45,400 --> 00:28:49,279 it in his truck to rid it a bear sausage smell because some bear sausage 384 00:28:49,400 --> 00:28:55,960 accidentally got left in there and rotted and aged and matured. Ben got that 385 00:28:56,000 --> 00:29:00,480 stuff to go away in one night. It also eliminated the fake new truck 386 00:29:00,599 --> 00:29:04,000 smell he sprayed in there. Then his wife was driving their dear little boy 387 00:29:04,039 --> 00:29:07,279 around that he puked all over the car. So Ben went out to clean 388 00:29:07,359 --> 00:29:11,799 up the puke, but it still smelled like it. So once again Ben 389 00:29:11,839 --> 00:29:15,440 brought in the oxy leaf to thunderstorm, which produced ozone overnight in the car. 390 00:29:15,720 --> 00:29:19,440 Simply plugged in the USB device and there it was. In the morning, 391 00:29:19,519 --> 00:29:22,640 the smell was gone like it never ever happened. I'm gonna do the 392 00:29:22,640 --> 00:29:26,559 same thing tonight with an oxy leaf. I'm gonna pull it into the garage, 393 00:29:26,599 --> 00:29:29,880 put it in my truck, and that smell of gymbag will not be 394 00:29:30,039 --> 00:29:33,039 there anymore. It works for pet smells, it works for oil smells, 395 00:29:33,319 --> 00:29:40,400 it works on viruses, and in fact, there's a pet stink guarantee when 396 00:29:40,400 --> 00:29:44,960 you buy the oxy Leaf to Thunderstorm device at eadenpuredeals dot com and use code 397 00:29:44,960 --> 00:29:48,400 tod three. If it doesn't remove the pet stink, they will give you 398 00:29:48,400 --> 00:29:52,519 your money back. Go to edenpuredeals dot com use code tod three to get 399 00:29:52,559 --> 00:29:57,200 a deal of a lifetime. It's a whole home coverage three of these devices 400 00:29:57,200 --> 00:30:07,759 for under two hundred bucks. Evenpuredeals dot Com use code tod three. All 401 00:30:07,839 --> 00:30:12,440 right, so here's my question, and we may have addressed this before. 402 00:30:15,240 --> 00:30:18,279 And I want to stay outside of bitcoin because I know about bitcoin, you 403 00:30:18,319 --> 00:30:23,599 know bit bitcoin. Is it even possible to build a parallel economy banking system 404 00:30:23,720 --> 00:30:27,680 if they go this way? I know about the goldbacks. A friend of 405 00:30:27,680 --> 00:30:32,480 mine has goldbacks in her store. She takes goldbacks in her store in Idaho, 406 00:30:33,319 --> 00:30:37,440 Utah is big on goldbacks. I get that that is even possible to 407 00:30:37,519 --> 00:30:41,799 build a parallel banking system given all you know about finance. No, just 408 00:30:41,880 --> 00:30:48,200 it's that easy. No, I mean, you never want to say, 409 00:30:48,279 --> 00:30:53,720 especially with what's going on with technology today, which it is incredible, truly 410 00:30:53,759 --> 00:30:56,200 in the sense of the word meaning, you know, I think there are 411 00:30:56,200 --> 00:30:59,720 aspects of it are good. I think there are aspects of it there aren't, 412 00:30:59,720 --> 00:31:03,440 but it really is remarkable. And so you don't want to make too 413 00:31:03,559 --> 00:31:08,200 far sweeping in statements because you know things can certainly change. But one of 414 00:31:08,240 --> 00:31:12,839 the biggest issues that you've got to get over is that traditional currencies, in 415 00:31:12,880 --> 00:31:17,920 the way that we think of them, they have a role and the reason 416 00:31:17,960 --> 00:31:19,920 they have a role. And this is something that I've tried to explain to 417 00:31:19,960 --> 00:31:25,440 bitcoin people. And let me just explain too when I say this. When 418 00:31:25,440 --> 00:31:29,799 I say bitcoin people, I don't mean people that own bitcoin and think it's 419 00:31:29,799 --> 00:31:33,799 going to go higher. What I mean is people that think bitcoin is going 420 00:31:33,880 --> 00:31:36,960 to become the go to currency of the world, and it's not going to 421 00:31:37,039 --> 00:31:40,599 happen. And the reason that's not going to happen is because of the nature 422 00:31:40,599 --> 00:31:45,440 of fractional reserve banking. Meaning if you have an asset that does not depreciate 423 00:31:45,519 --> 00:31:51,359 over time, you can't lend in that asset, right because you know, 424 00:31:51,440 --> 00:31:53,480 just and I've used this example I think on the show. Got to help 425 00:31:53,519 --> 00:31:56,279 me with this one. If you have an asset that does not depreciate over 426 00:31:56,400 --> 00:32:00,559 time, you cannot lend on that asset. Yeah, you can't lend in 427 00:32:00,640 --> 00:32:06,559 that asset. Because so we'll just use bitcoin as a perfect example. Let's 428 00:32:06,559 --> 00:32:10,720 say five years ago, you wanted to buy a home, but you wanted 429 00:32:12,039 --> 00:32:16,480 you wanted to do the transaction and bitcoin, okay, so you borrow Let's 430 00:32:16,480 --> 00:32:21,279 say the house is a million bucks, and you borrow a million dollars worth 431 00:32:21,279 --> 00:32:23,960 of bitcoin, and you're gonna pay that million dollars back in bitcoin. Unless 432 00:32:24,000 --> 00:32:30,480 you have a job that pays you in bitcoin and not bitcoin as a as 433 00:32:30,519 --> 00:32:34,200 a percentage of the US dollar, you got a big problem on your hands 434 00:32:34,240 --> 00:32:37,839 because you're getting paid in dollars, right. And at the time you borrowed 435 00:32:37,839 --> 00:32:42,960 bitcoin on that million dollar house, maybe bitcoin was fifteen thousand. Well it's 436 00:32:43,000 --> 00:32:46,880 now seventy. So now you owe five million on the one million dollar house, 437 00:32:47,359 --> 00:32:52,240 right, And so if you don't so and this is what this is 438 00:32:52,279 --> 00:33:00,279 where, in my opinion, the modern economics profession went off the rails because 439 00:33:00,279 --> 00:33:04,039 they noticed this, and they've noticed it over the last century. And so 440 00:33:04,160 --> 00:33:07,759 what they've started to say is, well, you actually need some inflation, 441 00:33:07,839 --> 00:33:13,960 which is somewhat true over an extended period of time. You need some inflation 442 00:33:14,480 --> 00:33:19,400 because some inflation is a product of money supply going up and if an economy 443 00:33:19,480 --> 00:33:23,720 is getting more efficient over time and more productive over time, there should be 444 00:33:24,160 --> 00:33:30,559 spare capacity. There should be spare dollars floating around because what used to cost 445 00:33:30,640 --> 00:33:34,720 us X now cost us you know, zero point six x or point five 446 00:33:34,920 --> 00:33:39,880 x because of increased productivity. So no, because of that in the nature 447 00:33:39,880 --> 00:33:45,240 of lending the way, it is none of these. And look, this 448 00:33:45,359 --> 00:33:49,119 is one of the reasons we got off the gold standard. Okay, so 449 00:33:49,880 --> 00:33:53,640 gold is restrictive, but like everything, there are two sides to the ledger. 450 00:33:53,759 --> 00:33:59,000 Right, Yes, gold is restrictive and can can restrict growth inside of 451 00:33:59,039 --> 00:34:04,599 an economy, but when you have a gold backed currency, it is virtually 452 00:34:04,680 --> 00:34:08,760 impossible. Well, if impossible, I should use that word lightly. It's 453 00:34:08,920 --> 00:34:15,119 much harder to have runaway extended inflation, right, much much harder. You 454 00:34:15,199 --> 00:34:17,880 look at the two greatest periods of inflation if you're not counting in like you 455 00:34:17,880 --> 00:34:22,480 know, the early days when we had you know, this state issuing this 456 00:34:22,559 --> 00:34:24,599 currency in that state. But if you look at the US government or the 457 00:34:24,719 --> 00:34:29,599 US you know, economic system over the last one hundred and fifty years, 458 00:34:29,679 --> 00:34:34,360 let's say, you know, the only real two bouts of inflation you dealt 459 00:34:34,400 --> 00:34:37,360 with was the seventies and today when the currency was not backed by gold. 460 00:34:37,440 --> 00:34:43,119 Right. But like anything, you know, there's some balance, there's middle 461 00:34:43,119 --> 00:34:46,000 ground. And the problem that we have in this country both politically, we 462 00:34:46,079 --> 00:34:50,239 got a lot of problems in this country, but financially and politically, is 463 00:34:50,280 --> 00:34:53,960 that we tend to swing from extreme, from one extreme to the next. 464 00:34:54,480 --> 00:35:00,000 Right where you know where we go from being gold backed to fast forward forty 465 00:35:00,079 --> 00:35:04,639 years later, we're running two and a half trillion dollar deficits, you know 466 00:35:04,679 --> 00:35:07,559 what I mean, where we don't even care about debt anymore. And so 467 00:35:07,880 --> 00:35:12,760 it really is that middle ground. But no to the way it's built today, 468 00:35:13,079 --> 00:35:17,519 at least the selling points of these coins, it makes them by definition 469 00:35:17,800 --> 00:35:23,599 structurally unsuited to be a currency of any large area. Now, I think 470 00:35:23,639 --> 00:35:29,119 they can prove to be a valuable way to hedge the value of your currency, 471 00:35:29,559 --> 00:35:32,039 right, to protect yourself from the degradation of the value of the currency. 472 00:35:32,519 --> 00:35:36,599 But to replace it, you know, like I said, bitcoin, 473 00:35:36,679 --> 00:35:38,840 I mean, the whole world would implode if you converted to a bitcoin currency, 474 00:35:38,920 --> 00:35:43,880 yep, got it, yep? And so the banking system can't run 475 00:35:43,920 --> 00:35:46,039 without a currency, and we can't step in and replace the currency, because 476 00:35:46,039 --> 00:35:49,880 of the infrastructure, the backing of it, et cetera. Got it. 477 00:35:53,679 --> 00:36:00,360 When you think of the phrase health care, what comes to mind about this 478 00:36:00,000 --> 00:36:06,079 health? How do you define it? For me? I define health as 479 00:36:06,159 --> 00:36:09,719 being able to do the things that bring me life, to do them well. 480 00:36:10,199 --> 00:36:14,760 Now that changes over time. It just does. There will come a 481 00:36:14,800 --> 00:36:17,039 time, for instance, where I won't be able to do CrossFit, even 482 00:36:17,039 --> 00:36:20,280 at the level I do it now, And I'll be frank with you. 483 00:36:20,320 --> 00:36:23,920 I struggle with that. I struggle with wanting to live through that. Now 484 00:36:24,119 --> 00:36:27,400 God will provide a way. He'll provide a path. I'm not a guy 485 00:36:27,440 --> 00:36:30,360 that's going to go kill myself. That's a loser's way out. You hand 486 00:36:30,360 --> 00:36:32,960 the pain aff to other people, and it's not that bad. I'd find 487 00:36:32,960 --> 00:36:37,639 other things. But I define health as a capacity to be able to do 488 00:36:37,719 --> 00:36:42,119 what you like to do, and to do it relatively pain free. How 489 00:36:42,119 --> 00:36:46,039 do you define it? At renew dot Healthcare, they define it this way, 490 00:36:46,079 --> 00:36:52,079 elevating your quality of life how well by being pain free or In fact, 491 00:36:52,320 --> 00:36:55,760 there are some people who use the ethically gathered stem cells. This comes 492 00:36:55,800 --> 00:37:00,880 from centers and umbilical cords to be better looking aesthetically there are people who do 493 00:37:00,920 --> 00:37:05,559 that, and I don't judge. I have friends who do this. I 494 00:37:05,599 --> 00:37:08,239 was blown away to find out the number of people I know who've taken botox. 495 00:37:08,519 --> 00:37:13,000 Blown away. One of my responses was, why why would you do 496 00:37:13,079 --> 00:37:16,679 that? There is a treatment available there that is not botox. It is 497 00:37:16,719 --> 00:37:22,039 putting stem cells into your face if the wrinkles bother you. That comes from 498 00:37:22,079 --> 00:37:25,400 placentas and umbilical chords, and it is not I use a strain that's not 499 00:37:25,440 --> 00:37:30,119 been exposed at all to the modified orn injections. Yes, it's aesthetic. 500 00:37:30,719 --> 00:37:35,159 There's also though, this quality of life being able to continue to golf. 501 00:37:35,480 --> 00:37:37,840 Now. I don't play golf. I probably couldn't ever do it, so 502 00:37:37,840 --> 00:37:39,679 it's just my mind doesn't work that way. I would probably end up gouging 503 00:37:39,679 --> 00:37:43,719 my eyes out out of boredom. I'm not criticizing you for playing it. 504 00:37:43,760 --> 00:37:47,039 That's me. You be you. There's a reason so many professional golfers go 505 00:37:47,320 --> 00:37:53,079 to renew Dot healthcare because in the golf game, in sports, when you're 506 00:37:53,079 --> 00:37:57,320 at that level playing pro golf, you're more likely to have an injury that 507 00:37:57,440 --> 00:38:02,519 is like an industrial injury, pretitive movement injury like carpal tunnel. Well, 508 00:38:02,559 --> 00:38:08,119 guess what. The stem cells can just destroy carpal tunnel and bring you back 509 00:38:08,159 --> 00:38:12,800 to being able to do the things you like to do. Even people who've 510 00:38:12,800 --> 00:38:19,559 had severe accidents and have ended up with severe neurological issues like being paralyzed, 511 00:38:20,719 --> 00:38:25,159 have seen incredible results for renew dot Healthcare. It's about quality of life. 512 00:38:25,360 --> 00:38:30,360 Elevate your quality of life. Go to renew dot Healthcare and just simply tell 513 00:38:30,400 --> 00:38:34,679 them you watch and or listen to the Todd Herman show renew dot Healthcare. 514 00:38:39,920 --> 00:38:45,440 I went through your Twitter channel, Zach, would you like to know an 515 00:38:45,480 --> 00:38:50,519 ad that's running because I'm really curious what you think of this in financial implications. 516 00:38:51,280 --> 00:38:59,679 This was running on your feed and it says AJA and n rare Carrot 517 00:39:00,519 --> 00:39:07,480 Engagement ring shopping. What size can you get for five thousand dollars natural one 518 00:39:07,480 --> 00:39:14,400 carrot lab two point five carrots source eatn Golon tenrous. Lab grown diamonds are 519 00:39:14,480 --> 00:39:19,840 quickly becoming the go to consumer choice. So if I'm looking at this, 520 00:39:20,239 --> 00:39:22,559 and I'm looking at as in isolation, okay, it's lab grown diamonds, 521 00:39:22,599 --> 00:39:25,960 I'm like, okay, well it's just lab grown diamonds, right, They're 522 00:39:27,000 --> 00:39:29,920 fake diamonds, But are they really fake? I mean they're made the same 523 00:39:29,960 --> 00:39:32,679 way, but not through time and pressure. Like Andy duffrain in that great 524 00:39:32,719 --> 00:39:37,559 movie Time and Pressure. Andy dufran knew that what was that the Shawshank redemption? 525 00:39:37,960 --> 00:39:42,440 Yeah? All right? So number one just taking as a husband, 526 00:39:43,000 --> 00:39:45,039 now you could go out with your with your bankroll, you could go buy 527 00:39:45,079 --> 00:39:51,039 your wife a fifteen thousand dollars, you know, diamond ring. And she 528 00:39:51,119 --> 00:39:54,840 looked at it to be huge, because it would be let's see seven point 529 00:39:54,880 --> 00:39:59,199 five carrots or so, so she'd look at that. If she looked at 530 00:39:59,239 --> 00:40:05,079 you and said, is this lab grown? What would you say? Uh? 531 00:40:05,719 --> 00:40:09,519 I'd say, honey, look how big is you know? What's funny? 532 00:40:09,559 --> 00:40:13,159 Is she probably? I don't even I don't think she'd care. She 533 00:40:14,159 --> 00:40:16,039 like I asked her, what do you you know when it comes to jewelry? 534 00:40:16,440 --> 00:40:20,760 Says big, bigger and shinier. Okay, So do you think she 535 00:40:20,840 --> 00:40:25,280 could? I don't know. I don't know. I think would you do 536 00:40:25,360 --> 00:40:30,719 like a stands a thing? Like when you say lab grown? What what 537 00:40:30,800 --> 00:40:35,239 do you are you accusing me? What? Maybe? What I see here 538 00:40:35,679 --> 00:40:39,199 is I see compressed carbon with heat over time? You know whether that happened 539 00:40:39,239 --> 00:40:44,239 the Good Lord's laboratory or in somebody else or there you go. You know, 540 00:40:44,719 --> 00:40:47,159 why does it matter? Right? So if I look at this outside 541 00:40:47,199 --> 00:40:52,320 of a vacuum, though, now I start thinking about three D printers in 542 00:40:52,360 --> 00:40:58,079 people's houses. I start thinking now, economically, this has been promised for 543 00:40:58,199 --> 00:41:01,519 years. Some of the the pharm of people are now talking about pharma. 544 00:41:01,639 --> 00:41:06,000 You'll print at your house and it will have that wonderful thing where it can 545 00:41:06,039 --> 00:41:08,280 tell you took the pill. The guy runs Pfizer has talked about this. 546 00:41:08,360 --> 00:41:12,159 You'll print out the medication at home, you'll take it, and then the 547 00:41:12,239 --> 00:41:14,960 Wi FI will say, yeah, Zach took it. And if you gave 548 00:41:14,960 --> 00:41:16,400 it to your dog, go to go mmmm, that's dog DNA. That's 549 00:41:16,400 --> 00:41:21,440 not Zach's dna. They've been talking for years about three D printing things like 550 00:41:21,519 --> 00:41:27,320 picture frames. They've been talking about three D printing dishes. So when that 551 00:41:27,559 --> 00:41:30,199 happens to me if we're doing this with diamonds, granted you're not three D 552 00:41:30,239 --> 00:41:32,360 printing the diamonds, it's coming out of a lab. I get that. 553 00:41:32,840 --> 00:41:37,800 But that shift when that happens, when you finally start seeing these products three 554 00:41:37,840 --> 00:41:40,960 D printed houses like there's a futurist who talks about three D printing your own 555 00:41:42,000 --> 00:41:46,079 clothes. Then that makes a ton of sense because it's basically it's like toner, 556 00:41:46,400 --> 00:41:51,320 but the turner turns into a synthetic fiber. You could look at a 557 00:41:51,400 --> 00:41:54,280 shirt, click a button, and you could print that at home. When 558 00:41:54,280 --> 00:41:59,719 that happens, we no longer have any form of like labor economy, et 559 00:41:59,719 --> 00:42:04,239 cetera. Uh, if that actually occurs, is that good or bad? 560 00:42:07,519 --> 00:42:15,440 Mm hmm, that's a that's a that's a hard one. Yeah, because 561 00:42:15,440 --> 00:42:17,239 I see you thinking, Wait a minute, I could print out footballs for 562 00:42:17,320 --> 00:42:22,800 my kids. Yeah, I could print skis. I think I think generally 563 00:42:22,880 --> 00:42:27,280 speaking, I think if we're thinking about it in terms of politically, I 564 00:42:27,280 --> 00:42:30,719 think it could be a good thing. Yeah, if it increase freedom, 565 00:42:30,880 --> 00:42:36,239 you know. But but yeah, but the the tough part about it is, 566 00:42:36,280 --> 00:42:40,079 like you mentioned the pharma, you know, example, it's gonna cut 567 00:42:40,199 --> 00:42:46,320 Yeah. I think we're at a very interesting time, meaning I think that 568 00:42:46,480 --> 00:42:50,880 every advance in technology is going to be a double edged sword from here on 569 00:42:50,960 --> 00:42:53,280 out, you know what I mean, Like, yeah, it's gonna have 570 00:42:53,360 --> 00:42:57,239 upsides, but it's all also gonna have downsides. I just think we're at 571 00:42:57,239 --> 00:43:00,639 that point right where the very you know, for instance, you like you 572 00:43:00,679 --> 00:43:05,440 look at AI. Is it going to do incredible things in the world of 573 00:43:05,440 --> 00:43:08,480 pharma specifically, we believe so, I think it's going to do incredible things 574 00:43:09,159 --> 00:43:14,000 in a lot of different areas. But there's no question it's going to get 575 00:43:14,000 --> 00:43:16,880 harnessed by governments in order to track us and restrict liberties and freedoms even more 576 00:43:16,920 --> 00:43:21,039 than they already are. So. And then there's this have you've seen AI 577 00:43:21,079 --> 00:43:28,199 girlfriends? Oh? Yeah, yeah, I mean I haven't. Wait wait, 578 00:43:28,199 --> 00:43:30,320 your your wife not be okay with it? A girlfriend? Honeyhea? 579 00:43:30,400 --> 00:43:32,800 Well no, yeah no, but just you know, I just man, 580 00:43:32,920 --> 00:43:37,400 I'm it. I I it's such a priority for me to steer away from 581 00:43:37,480 --> 00:43:39,280 any of that kind of me too, obviously, No, I'm joking. 582 00:43:39,280 --> 00:43:42,960 I would never want anything. It's disgusting. But do you know that they 583 00:43:43,000 --> 00:43:46,840 actually argue with you, that these young men they sign up with AI bots 584 00:43:46,840 --> 00:43:51,440 that will send you text saying you said you'd be home, and this young 585 00:43:51,480 --> 00:43:53,079 man saying, no, but I'm with my friends. No, I don't 586 00:43:53,079 --> 00:43:55,199 think you with your friends. Send me a pick. I want to see 587 00:43:55,199 --> 00:44:00,119 a selfie where you're at right right, they're actually paying for that. They're 588 00:44:00,119 --> 00:44:06,079 paying. You can have girlfriends who are super sad and I really need you, 589 00:44:06,119 --> 00:44:07,400 can you help me? And oh baby, I'm at work, but 590 00:44:07,480 --> 00:44:10,480 what's going on? I just think I'm fat. Now, No, sweetie, 591 00:44:10,480 --> 00:44:13,719 I love you so much. You're the perfect woman for me. And 592 00:44:14,800 --> 00:44:16,480 you've got the you know, And there are guys with that you can get 593 00:44:16,559 --> 00:44:21,800 high maintenance, low maintenance, and there are young men. Now in the 594 00:44:21,920 --> 00:44:25,440 thick you have Japan right where there's a shortage of women on purpose because they 595 00:44:25,519 --> 00:44:29,760 saided to genetically engineer their society for the better good, because that's what their 596 00:44:29,800 --> 00:44:34,119 medical technocrats told them. Well, this is the girlfriend, Zach. This 597 00:44:34,280 --> 00:44:36,719 is like and God said, it is not good that man is alone. 598 00:44:37,480 --> 00:44:40,320 This tech is happening now and AI is trying to stop it, but these 599 00:44:40,360 --> 00:44:45,079 applications keep getting built. That happens in the same week that we learned he 600 00:44:45,159 --> 00:44:47,800 finally did it. They finally ran the tests in San Francisco to block the 601 00:44:47,840 --> 00:44:52,079 sun. Did you hear about this? No, they finally did it. 602 00:44:52,719 --> 00:44:55,239 They finally shot up a bunch of particles into the sky to try to block 603 00:44:55,280 --> 00:44:59,639 the sun in San Francisco. God said, it is not good that man 604 00:44:59,719 --> 00:45:01,719 is alone. God said, you shall not lie. God said, let 605 00:45:01,760 --> 00:45:06,079 there be lights, and people at Harvard and Bill Gates said, now, 606 00:45:06,159 --> 00:45:09,360 don't let there be light. Dude, we are in the mix. No, 607 00:45:09,480 --> 00:45:12,800 we are in the mix. We are in the mix, right, 608 00:45:12,840 --> 00:45:15,039 and this is the battle. Yeah. Let me let me leave you with 609 00:45:16,159 --> 00:45:19,280 not not so much on that, but I want to leave you with a 610 00:45:19,320 --> 00:45:21,960 quick thought of something that we were talking about. Is this is about coming 611 00:45:22,000 --> 00:45:25,679 to seal fit with me. No, No, it's it's about where we're 612 00:45:25,719 --> 00:45:29,480 at, because I think that you're and I've said this before, but I 613 00:45:29,519 --> 00:45:35,519 think you're at a pivotal time where in investing, where Warren Buffett refers to 614 00:45:35,559 --> 00:45:39,599 these periods of times as people are selling what they're about to need to buy 615 00:45:39,639 --> 00:45:44,199 what they should have previously bought. People are selling what they're about to need 616 00:45:44,920 --> 00:45:49,039 to buy what they should have previously bought. Right, So what he means 617 00:45:49,159 --> 00:45:53,559 is people are chasing performance and the things that have gone up and are not 618 00:45:53,679 --> 00:45:59,480 paying attention to the fact that the game is changing drastically under their feet. 619 00:45:59,679 --> 00:46:05,400 So one of the ways to illustrate that is really interesting. If you look 620 00:46:05,440 --> 00:46:10,440 at commodities by and large. Pretty much every asset class in the world is 621 00:46:10,519 --> 00:46:14,559 at well, not in the world, let's pull it back. I mean 622 00:46:15,280 --> 00:46:17,719 the world too, you could say, but certainly here in the United States, 623 00:46:17,760 --> 00:46:23,320 virtually every asset class because of this quote unquote inflation is at or near 624 00:46:23,360 --> 00:46:29,639 recordized, right, Accept commodities, Accept commodities, things, touch and feel. 625 00:46:30,239 --> 00:46:31,800 Yeah. Do you know what the price of a pound of copper was 626 00:46:31,840 --> 00:46:37,159 in twenty twelve? You told me once but not forgotten. Right around three 627 00:46:37,199 --> 00:46:38,960 dollars and ninety three cents. Okay, that was like an average price. 628 00:46:39,000 --> 00:46:44,559 You know what it is todays, Like four dollars and ten cents. Okay. 629 00:46:44,880 --> 00:46:47,679 You can get a pound of copper right now for about a twenty percent 630 00:46:47,760 --> 00:46:52,400 discount to what a big mac costs. And it's you know, it's not 631 00:46:52,440 --> 00:46:58,519 like we're telling the entire country everything has to be electric, except we are. 632 00:46:59,320 --> 00:47:02,960 That's that's saying, Zach, that's insane. Here's the other part to 633 00:47:04,000 --> 00:47:07,400 it, And this is why I'm telling people that you need custom build portfolios. 634 00:47:07,920 --> 00:47:10,480 You look at all the portfolios out there. You've got record low exposure 635 00:47:10,519 --> 00:47:15,400 to this kind of stuff, and this stuff is dirt cheap, and the 636 00:47:15,440 --> 00:47:19,400 setup looks amazing for all the reasons that we know. Does a guarantee success? 637 00:47:19,519 --> 00:47:22,960 Know, nothing does. But if you'll want to buy things that are 638 00:47:22,039 --> 00:47:27,559 cheap on a real basis or inflationary basis, which I still think that that 639 00:47:27,639 --> 00:47:30,480 will prove to be the best way to invest, right, to buy things 640 00:47:30,480 --> 00:47:34,960 that are undervalued. But there's a deeper thing. And I was having this 641 00:47:35,000 --> 00:47:37,760 discussion with a client earlier today. It's not just that the prices are low. 642 00:47:38,480 --> 00:47:43,719 It's that no capital has flown into these industries or these sectors for the 643 00:47:43,800 --> 00:47:46,639 last twelve to fifteen years. And you know how you know, how many 644 00:47:46,679 --> 00:47:50,559 investors do you know out there? Or how many of these stories have you 645 00:47:50,559 --> 00:47:54,000 heard about? These in these hedge funds that only invest in natural resources and 646 00:47:54,000 --> 00:47:59,280 commodities and have crushed the stock market. You don't hear about any of them. 647 00:47:59,440 --> 00:48:00,880 Why you went out and started a hedge fund at any time in the 648 00:48:00,960 --> 00:48:04,400 last ten to twelve years and said you wanted to invest in this, you 649 00:48:04,440 --> 00:48:07,199 know how much money you gathered up? Nothing? Right, So there's been 650 00:48:07,239 --> 00:48:13,760 no investment. If you look at gold, copper, silver, and don't 651 00:48:13,800 --> 00:48:17,480 hold me to it, one might be, but generally speaking, there has 652 00:48:17,519 --> 00:48:22,239 been net negative investment in those sectors. So it's not just the price now, 653 00:48:22,559 --> 00:48:27,360 but you don't have new production coming online. And how do you know 654 00:48:27,440 --> 00:48:30,800 that because the price hasn't gone up, right, Like I mean, you 655 00:48:30,800 --> 00:48:34,719 can dig through industry stuff and come up with and realize that there have been 656 00:48:34,760 --> 00:48:37,519 no net new openings of minds. But think what's happened to the global economy 657 00:48:37,519 --> 00:48:43,079 since then, Think of what's happened to population growth since then, And it 658 00:48:43,239 --> 00:48:47,079 just it boggles my mind that in this age of inflation, everybody's running to 659 00:48:47,159 --> 00:48:52,199 cryptocurrencies in these tech companies and I'm sitting there going, guys, you know, 660 00:48:52,480 --> 00:48:57,400 and think about it. I always think about in terms of it's proven 661 00:48:57,440 --> 00:49:00,920 to be a good exercise for me. Think about yourself twenty years in the 662 00:49:00,920 --> 00:49:04,920 future, looking back on the decisions you're making today. Yep. And the 663 00:49:05,000 --> 00:49:08,440 thing that haunts me all the time on this subject is, you know, 664 00:49:08,480 --> 00:49:12,480 like I think about my son or my daughter scratching your head and go away 665 00:49:12,480 --> 00:49:15,719 a second. Dad, we were dealing with the greatest bout of inflation that 666 00:49:15,760 --> 00:49:21,679 we'd seen in forty years, and commodities were at twenty five year lows secularly 667 00:49:21,760 --> 00:49:23,239 speaking, and you didn't think it was a good idea to buy them. 668 00:49:23,960 --> 00:49:27,880 Why It's like my daughter is saying, why didn't you lie to moment by 669 00:49:27,920 --> 00:49:30,639 bitcoin when it first started? Right right by the way, right with more 670 00:49:30,639 --> 00:49:35,880 bitcoin, more copper? Yeah, did you see this? More computers, 671 00:49:35,920 --> 00:49:39,199 more copper, right, more justice is more copper. That's nuts. Hey, 672 00:49:39,679 --> 00:49:43,880 since you actually manage money for me, could you put my entire portfolio 673 00:49:43,920 --> 00:49:46,840 the copper place? I know, because that's not managing really, No, 674 00:49:47,280 --> 00:49:51,639 I know. It does. Always good to talk to you, my brother. 675 00:49:51,800 --> 00:49:53,880 Always good to have wise counsel. Day Zach Abraham, chief investment offic 676 00:49:53,920 --> 00:49:57,559 for Bot Capital Management, know your risk Gradio dot Com. Thank you, 677 00:49:57,599 --> 00:50:02,039 man. I appreciate you as always as was always mind blowing stuff. Remember 678 00:50:02,119 --> 00:50:07,679 something that God said that you money you have is stuff that you're given to 679 00:50:07,719 --> 00:50:12,079 Steward. It belongs to him. He gives it to us to Steward wisely. 680 00:50:12,280 --> 00:50:15,639 And I think you just got some very very wise counsel in the whole 681 00:50:15,679 --> 00:50:17,599 show, but particularly those last few moments. This is the Todd Hertman show. 682 00:50:17,599 --> 00:50:21,719 Please go be well, be strong, be kind, and hey, 683 00:50:21,760 --> 00:50:23,280 give thanks to God for what he's giving you to Steward.