Speaker 1: Welcome to another episode of the Chicks on the Right
podcast where we talk to our BFF and sponsor of
the show, Zach Abraham from Bulwark Capital Management. Zach, I'm
sure you saw that earlier in the week. Trump got
to ring the bell at the New York Stock Exchange.
Speaker 2: It was a big deal.
Speaker 1: Everybody's kind of saying we're back.
Speaker 2: Business is back, everything's coming back.
Speaker 1: And he's making big fat promises about how he is
going to slash the corporate tax rate to fifteen percent.
If you're a company that makes your stuff in America,
it's gonna be twenty one for everybody else. So do
you think that this is realistic? Do you think you
can get this done? What do you make of his
whole New York Stock Exchange visit?
Speaker 2: And also does that mean us because we make our
stuff in America?
Speaker 3: Right?
Speaker 2: Yeah?
Speaker 3: America? Baby dang right? It is?
Speaker 4: Yeah.
Speaker 3: Well, well, and.
Speaker 4: At least one of you is in tech, so I
mean that's like, that's like America squared, right.
Speaker 3: You get that it should be.
Speaker 2: It should be.
Speaker 4: Whereas for me living in the state of Washington, I
should get I should get credit, but it should be
zero point seven percent of the press. I shouldn't get
all of it right because I'm up here in this
disaster of a idiocy that I'm swimming in on a
daily exactly.
Speaker 3: Boy.
Speaker 4: And you guys, boy, if you guys want some good
fodder to discuss, you should dig into Washington state politics.
It's it's it is all of the Let let's let's
put it this way. I mean I can, I can
send you and I got to send it to you
guys to show you. There's a big high school up here,
and there's several that have done this big high school.
Speaker 3: One of my best friends in the world, he was
in my wedding.
Speaker 4: His son just started this high school this year and
they actually moved him to a private high.
Speaker 3: School because of this.
Speaker 4: But the high school, big one, it's it's one of
our biggest and it said we're pleased to announce the
construction and opening of our gender neutral bathrooms, which will
include litterboxes. Oh my, I'm not kidding you, and people
don't believe me. And that's why I saved the image
like from the announcement from the schools.
Speaker 3: So because it's like on their official you know, the
school stuff.
Speaker 2: And they're pleased about it.
Speaker 4: They're please, no, no, no, they were breaking You guys
saw the movie The Big Short, right, Okay, do you
remember that?
Speaker 3: You haven't seen it days.
Speaker 2: I haven't seen it. I guess I need to see that.
That's going to be on my Christmas break list. It's
on the my to do list. I have many to
do things on that line.
Speaker 3: It's homework. Yes.
Speaker 4: Anyway, there's a scene in there where they're talking to
these mortgage lenders, right, and these guys are just confessing
to like doctoring these loans. And Steve Correll's character, he's
a hedge fund manager. What's funny is two of the
guys in that movie that were on the two of
the analysts that were in the scene, I've actually interviewed
on our radio show, the real life guys. But so
Steve Correll he pulls them aside and he goes, why
are they confessing? And the guy goes, they're not going
confessing their bragging, right, And that's why I said, these
they're not confessing to you. They're putting a litter box in.
They're waving that flag baby, right yeah.
Speaker 2: Because they've won. They've won the game of like idiocy.
Speaker 3: Right. Well, and here's the thought.
Speaker 4: I I'm like, okay, because they identify as a cat, right,
They're like yeah, And I go, then why aren't they
outside climbing trees and chasing mice? Why are they cool?
Like what kind of BS game are we playing here?
Speaker 3: Right? If we're gonna go full cat, let's go full cat.
Speaker 2: They should exactly.
Speaker 3: They identify as a cat. Why are we making them read?
Speaker 2: They at least they should at least be killing things
in my garage?
Speaker 3: Well, they better not.
Speaker 2: Being like the good food in the cafeteria. They need
good food in the cafeteria. For example, I've always loved
or or.
Speaker 4: If you're the teacher, you know they don't do it
good on their homework assignments. You walk behind them while
they're sitting in their desk and you grabbed by the back
of the shirt and you rub their nose in their
assignment and what are you doing? And I'm like, they
identify as a cat, right, Like right, this is how
I house trained my dog. I just figured I figured
this would work. So I don't know, yes, right anyway, Yeah,
well I didn't mean to derail this by talking about.
Speaker 2: Washington about people wanting to be cats.
Speaker 4: But as you can see, but as you can see,
there's a lot to discuss.
Speaker 2: Yeah, but fifteen percent, fifteen percent is huge. Like Mac
and I we own a small business. It's like, it's
obscene what we've been taxed over the past what well,
fifteen years, but we didn't start making money until like
five years in probably, so for five years we didn't
make any money, and then like that fifth year, the
government's like, we'll go ahead and take all of that thing.
Speaker 3: Yes, a lot.
Speaker 2: We were like wait what and so yeah, we get
so small business owners, we are delighted. It's in fact
that corporate tax rate will go down. I'm like, you
have no idea how awesome that is? Is it true? Like,
is it is this actually? Could this happen?
Speaker 3: Yeah, no, it could happen.
Speaker 4: But man, do I have an idea about how thrilled
you are about it? I mean, and I don't think
you guys build a business and so have I. And
what I don't think people understand is that when you've
built a business from scratch, you're passionate about it.
Speaker 3: Right.
Speaker 4: Yeah, those tax savings I get, they can put right
back in the business, right, And.
Speaker 2: Imagine the money that you put into the business and
what we put into the business the first four years, like.
Speaker 3: Yeah, we'll recoup that. No, well, I mean hopefully you
do like later, right right, right?
Speaker 2: But you know what I mean.
Speaker 3: Yeah, And here's the here's the one thing.
Speaker 4: Boy, if Well and I do have their ear, because
I could, I would be shocked if the powers that
be and the guys that are r on a dog
are not listening to the chicks on a daily basis
to get the intelligence.
Speaker 2: To get there.
Speaker 4: But but what but what I would say to them
is I go, please, please, please extend those tax benefits
beyond just see CORP registered corporations. Yes, because that's a
wonderful thing. But there are tons of small corporations that
are building things in America, that are making things in
America that aren't see corpse. So ask that down to
ask corpse and LLC's final is that filings and if
you want to do like a yeah, just just do that.
And I think it's a wonderful idea. And it's actually
it's kind of shocking you guys, because I feel like
you guys are like this. I also just saw a
wonderful interview Glenn Beck did with Anakasparian from the Young Turks.
Speaker 2: Oh, we saw a lot of that. Yeah.
Speaker 3: Yeah.
Speaker 4: And one of the things that really encouraged me about
it is the craziness of what has gone on. I
think has brought together people that otherwise would not be right.
Speaker 3: And there's an.
Speaker 4: Opportunity here to make really big changes, really big moves.
And the way I can tell is that one of
the now I'm not saying I think it's such a
great idea because they agreed with me. What I'm saying
is there are basic, simple solves to a lot of
these problems that if you're not being waid down to
your by bureaucracy, or you're not being weighed down by
this person not donating to your political campaign, there are
easy fixes to some of these products, right, like the
manufacturing and rust belt issue in this country. I've long said,
give them a tax holiday on those types of corporations
in this country, right, Just give it to help offset
the increased cost of labor and the increased cost of
living in the United States, so they can be competitive.
Because guess what, even though the business isn't paying taxes,
the employees are, right, they're in income taxes, you're generating
sales tax, you're generating excise tax. It's so much better
to do that than to just shift the jobs overseas
where you get no, absolutely zero benefit from it.
Speaker 1: Right well, and it's making it the whole thing, like
especially what happened with the New York sex change. The
fact that everybody's talking about America coming back.
Speaker 2: Business is booming back, yep.
Speaker 1: So pissing off lefties and so we already heard it
even before the election about how Obama would take credit
for economy. Last time, they are doing it again. I
saw that non eagles Joe Walsh, the one that used
to be the congressman.
Speaker 4: I love that.
Speaker 3: Passive Joe Walsh, right right.
Speaker 1: And he tried to say, because you know, the news
has been all week about that the business is booming back,
and he's trying to say that no, no, no, no, no,
America is going to inherit Biden's great economy. He's already
saying any success that Donald Trump has for the next
four years, it's all because Biden has positioned us to
be in this great economy that the rest of the
world is jealous of.
Speaker 4: People well, best best economy, the thirty eight trillion and.
Speaker 3: Deck and buy you.
Speaker 4: So I mean it better, It better looked pretty good.
But but here's the thing, though, I really don't think
it matters as much anymore, because you know, how much
weight does Obama's voice carry, Not as much, not as
much as he used to, right, And I think people
are waking up to this. I think people are waking
up to the same enemies. We actually have the same
enemies on both sides.
Speaker 2: You are so correct, Yeah, as.
Speaker 4: Part of that same intertwined, disgusting, unholy union between big
business and government.
Speaker 3: And that is the enemy.
Speaker 4: It's built both sides, it's tricked both sides. And I
feel like people are waking up to that and saying,
wait a second, wait a second. Here, you've said one thing,
you've done another. We're not following, We're not falling for
this nonsense anymore. And to go to what you're saying about
the economy, hilarious. One of the guys that I read
regularly just for a good laugh is Rick Newman on
Yahoo finance. You ever heard of him anyway, He's mister Finance.
But like, if there was a head of finance for
a publication that was a member of the DNC, it
would be how they would write it, right, because everything's
got a political ben So we was talking about we
got really surprising automobile sales right after the election. We
also got a big jump in Jolts job openings right
after the election.
Speaker 3: You know how he spun that, He spun it.
Speaker 4: He goes, well, people are rushing to buy cars too,
to avoid the increased costs that they suspect or coming
with tariffs. And I'm like sitting back, going, buddy, you
could put twenty percent tariffs and cars aren't going to
be as expensive as they were.
Speaker 3: Under Biden exactly.
Speaker 4: And I go, and I also said, I go, show
me one time in history that consumers went out in
mass to buy a durable consumer good that they had
to finance in preparation of bad economic times.
Speaker 3: Right, I mean right?
Speaker 4: And then actually when it doves tails with the job openings,
because if you're looking at a business and you're trying
to measure like business optimism, there is no better metric
than job openings, right.
Speaker 3: Yep, Oh, I know. It's it's really cool what's going
on here. I think that all of these things can
be a calm.
Speaker 4: I think that there is so much I don't think,
as you guys know, there's so much waste in so
much of these regulatory bodies. So and you're gonna win
on both sides because this is how you do it right.
If you're going to cut government spending, especially when it's
played this integral role in the growth of the economy,
the only way to really offset that is to do
what is currently being done in Argentina. Who you know,
they're cutting costs massively, but they're slashing regulation and so
what you yeah, and what did they just announced? They
just announced it for the first time in decades. They
don't have a deficit, right, So, and I think I
don't think we've got as much low hanging fruit as
Argentina does because they've been incredibly mismanaged. But there is
an unbelievable amount efficiency just through regulatory cuts that we
can get and those tax cuts will that could that
could issue it that could be a boom in US
based manufacturing.
Speaker 3: I think it'll be.
Speaker 2: I think we'll be surprised at how mismanaged we actually
have been.
Speaker 4: Yeah, oh, there's no question. But then the other thing
is the investment opportunities. It opens up, right, if we're
going to start building back and manufacturing sector. This is
what gets me so excited, right so so so many
of the companies in the assets that are going to
be so huge over the next five to ten years
based on these changing economic tides. Those are the things
that are the cheapest in this market right now, because
everybody believes there's nothing that exists outside of technology, right
you know, We're looking at some of these companies that
are trading at like one tenth the value of the
assets they've got on their balance sheet, and you're just like, oh, baby,
here we do this, yes, oh yes, well, and this.
Speaker 1: Is why we're constantly telling people that even if they
have a financial plan that they feel good about, it
never hurts to get a second opinion, especially from you.
And so tell people how they can find you and
get a free risk review.
Speaker 4: Yeah, they can go to Boardcapitalmanagement dot com or just
Google Know your Risk Radio dot com. And I think
one of the biggest perks is we don't work for
Vanguard or a Wall Street bank or Black Rock, So
there is that part of it too, right, great Park, Yes,
we're easy to find Know Your Risk Radio podcast and shouldn't.
Speaker 3: Be too tough.
Speaker 2: Awesome, Thank you Zach.
Speaker 3: Thank you ladies. Merry Christmas, and it's fun talking to.
Speaker 2: You You too, Merry Christmas.
Speaker 4: Investment advisory services offered through TREK Financial loc and SEC
Registered Investment Advisor. The opinions expressed in this programmer for
general informational purposes only, and are not intended to provide
specific advice or recommendations for any individual or on any
specific security Any references to performance of security so are
thought to be materially accurate, and actual.
Speaker 3: Performance may different.
Speaker 2: Investments involved risk and are not guaranteed.
Speaker 4: Past performance doesn't guarantee future results.
Speaker 3: TREK twenty four three zero