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Speaker 1: So we're waiting for Zach Abraham to arrive. Just talking

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to his team. A couple pieces of news I think

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will interest you. There is a requirement you must meet

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if you're going to go to work for the people

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who run Kamala Harris and the people who are running

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the campaign around Kamala Harris. And we've determined ninety percent evil,

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ten percent stupid, Tim Waltz. It's interesting because there's another

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group who has the same exact requirement, and they're aligned

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with Kamala Harris and the people who run her to

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a t. Now they're not going to be promoted by pharma.

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Oh did I say pharma? Yeah, it's parma. We'll talk

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about that. Plus the separate country of Washington State. Congratulations,

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smug girls have gotten exactly what they voted for.

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Speaker 2: The Todd Herman Show is one hundred percent disapproved by

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big pharma technocrats and tyrants everywhere. No from the high

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mountain of Free America. Here's the Emerald City Exile God

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her Man.

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Speaker 1: Today is the day the Lord has made, and these

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are the times to which God is to said, who

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shall live. So, if you want to be part of

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the Kamala Harris campaign, you have to you have to

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go get injected with the MR and A or have

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been injected. Interestingly enough, that's also true of the Satanic Temple. No,

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they're doing an event in Boston. Satanic convention requires proof

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ah of the COVID vaccination. They're not vaccines, we know that.

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Interesting the way these things align. There is no daylight

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between the Kamala Harris campaign, the people who run the

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Kamala Harris campaign, and Satanism. And it used to be

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that this was a hyperbol statement. You'd say something like

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this and people look at you like your odd. I'm

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watching more and more conservatives use this language because it's

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becoming more and more obvious. There is a guy named

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Jeffrey Marsh. You know Jeffrey Marsh's Jeffrey Marsh is a

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man who doesn't make any efforts to look like a

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woman other than putting on shades of makeup and wearing

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pearls and stuff. He keeps his five o'clock shadow on purpose,

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and we played some videos of him on the program.

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I've known about this guy for years, almost a decade,

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and in my judgment, he's probably the most successful groomer

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of kids into the transcult from Afar that exists, and

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that's his whole drive in life. He's a guy who's

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famous and infamous, I should say for telling kids to

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hate their families. If your mom and dad won't pretend

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along with you that you're the opposite sex, I will

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be your parent. He's given them resources as I understand that,

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on how to leave home, where to go, and for

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people who don't know, there are glitter homes on the

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West Coast in the separate countries, run by people who

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are big denizens of the sexual left, and they will

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take kids in. So in pro kidnapping countries like Washington,

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which is a pro kidnapping country, a kid can show

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to one of those houses and start the process of

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emancipation quite legally at the age of thirteen. Quite legally.

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There's nothing you could do. Jeffrey Marsh has been pushing this.

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So why have I gone from the COVID shots required

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for Cammy Harris's campaign to the Satanic Convention requiring proof

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of the COVID shots for their convention coming up in Boston,

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to Jeffrey Marsh. Because Jeffrey Marsh has been invited as

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a special guest to the Democrat Convention Jeffrey Marsh, who

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encourages confused and hurting children to leave their families, has

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been invited as a special guest at the Democrat convention.

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If you think about that, it makes perfect sense because

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the Democrats, of course are anti life, their anti family,

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their anti child, and they're pro sexual left in every

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possible measure. So that is just a precursor to what's

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going on in the separate country of Washington State. Because

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in the separate country of Washington State we have this.

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The post millennial is out with reports on what happens

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when you elect pro crime leftists, and the pro crime leftists,

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having been elected, are getting exactly what they wanted. It's

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not even a question. Now the rankings are out. Now

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I have friends who are still located. They're friends who

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are cops. To this moment, there, I have three or

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four friends whore probably am looking at my watch right now,

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probably just getting off the street, knowing which shift they work.

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Two of them are shift commanders. One of them's higher

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up than that in the Seattle Police Department. So what

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we're seeing there, and I'll go through the report in

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a second, is the perfect analog for what we've seen

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in Minnesota, because Jay Insley is Tim Waltz, and Gavin

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Newsom is Jay Insley and Tim Waltz put together. I'll

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tell you about that in just a second, because it matters.

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We're going to be facing this nationwide. That guy told you.

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If I didn't, I'll tell you the story again because

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it's hilarious. I have a friend of mine who's turned

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into the test bunny for I shouldn't say bunny. He's

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a grown man. He's turned into the primary tester of

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the Eden Pure oxy Leaf two system. He is in one.

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Dude bought this for his medical clinic. He has a

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small office in a gym and he treats athletes, some

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of them just normal people like me, some of them

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very very elite athletes. And he wants the place to

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smell good. So he got the ox Leaf Too thunderstorm device.

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He bought three of them. They've got two in the

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house so far. He's used it to remove utterly decimate

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the smell of rotted meat from his truck that happened overnight.

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He put the oxy Leaf Too Thunderstruck device in it,

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and it smelled like a thunderstorm. The next day or

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the day after a thunderstorm. His wife had kid vomit

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in her car. It baked in the sun. My friend

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went in and cleaned it out and Vactim did everything could.

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His wife is very, very pregnant with their second child.

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She wasn't going to do it. That didn't work, so

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he put the device in the car, the oxy leaf

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Too thunderstorm again. Next day, the smell was gone. This

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time it was a rental vehicle. Because my friend's truck

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is in a shop. The rental vehicle he got came

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as a smoker's vehicle. The rental company tried to cover

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it up with the fake new car smell, but of

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course my friend could smell that because it's stunk to

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high Heaven. He put the oxy Leaf Too Thunderstorm device

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in the car. The next day it smelled like the

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day after a thunderstorm. It's not magic, it's science. These

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three molecules, the ozone molecules produced by this air not

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filter air purifier, bond to the bad smelling molecules and

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they utterly destroy them. When that happens, the smell of

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thunderstorm takes over. No matter what the problem is, you

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can get it cleared up. And I'm going to save

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you two hundred dollars on whole home coverage with three

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of these devices. Enjoy fresh air today. Go to eatinpre

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Deals dot Com. Put in discount code todd three. That's

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TDD that number three to save two hundred dollars at

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eatonprere deals dot Com. Eatingprere deals dot Com and enter

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the code Todd three. Washington State, Congratulations, you are the

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most violent state in the United States. This comes from

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the post millennial. Washington State was ranked the most dangerous

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state to live in for twenty twenty four due to

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rampant crime. According to a new study from wallet hub,

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which ranked all fifty states for safety bates upon violent crime,

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property crime, traffic related fatalities, and total law enforcement employees

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per capita. De Evergreen State came in dead last, making

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it the most dangerous place in the United States to

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live this year. Washingtonbatot, Oregon, Colorado, California, and other Democrat

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Crome to hold states to take the dubious honor. The

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safety ranking is a value to be looking at the

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violent crime and property crime, rights, traffic related fatalities per capita,

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and total law enforcement employees per capita of a given state.

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This is all on purpose. It's twenty twenty four, and

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we began warning about this when I began my local

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radio career in Seattle. One of the first things I

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did in local radio was to start a local feature

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called Smells Like Seattle Spirit. If you've been with this

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program for a long time, a thank you, b you

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remember that feature, just a little bit inside information and that.

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Because I thought it was funny, I was cautioned against

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doing that feature. I was told by radio people, no

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one in conservative radio wants to hear local news, and

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I said, you're doing it wrong. No, it's you're doing

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it the wrong way. What people want to hear is

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how their local politics are affected by national politics. And

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what people in Seattle want to know is who are

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the personalities behind this stuff. It was at that time

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that I warrant and I said on the air multiple times,

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and people who've been with the program a long time

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can witness this. I'm not saying Miss south Sayer make

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predictions or anything, but it was obvious. It's patter recognition.

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I said, Seattle is detroiting itself. Seattle is going to

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Detroit itself. Why because they legalized crime in every possible capacity.

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It is legal to walk around selling fentanyl and buying it.

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It is legal to walk around injecting yourself with heroin.

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It is functionally legal to do all these things. They

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then capped what the police could do to stop violence

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when it came to the massive riots plan in advance,

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probably through the White House, the Black Lives Matter incorporated

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in Antifa riots. Every time the cops made progress turning

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those around, the bosses in government took a tool away

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from them. Oh you can't use pepper spray. No, no,

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A little boy got pepper sprayed right because his parents

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took him to the protest to the riots, cars being

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turned over, people trying to steal police guns out of cars,

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and they walked him towards the pepper spray so they

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could say to the cops, see this little boy, we're

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doing this so he'll hate you for the rest of

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his life. This is the kid who's going to grow

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up hating you. We're creating generations of It's on video.

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Every time the police made progress, they took something away.

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Oh no, you can't use you can't use those bean bags.

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You can't shoot people with bean bags. Oh no, you

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can't use that gas. No wait, no, you can't have

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that helmet. Wait, no, you can't have your frogmended suit.

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You can't be protected. You can't wear that body armor.

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That's not fair. They don't have it. That culminated one

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night and a cop being hit in the back of

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the head with a baseball bat, an illuminum baseball bat.

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The only thing that saved that CoP's life was he

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was a bicycle cop and his by comet saved his life.

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Otherwise his skull would have been crushed. That was done

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by the son of a former state representative, and he

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was there with a lawyer, a law recent law graduate

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from the University of Washington, who was helping him to

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make all the tof cocktails. It started with making all

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of this legal. It started with making crime legal, and

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it metastasized into these settings. Now there are these realities

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in separate countries of Washington and I'm sure in Minnesota.

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I'll never forget getting a phone call from a woman

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who lived in Pierce County, which is south of Seattle.

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She said, you got to help me, You have to

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help me. I got to bring attention to this. She

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brought pictures, she brought video. They owned property that had

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a rural portion of it. So there was a great

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big bit of acreage. About forty people had seized a

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couple of acres of her land. They came in overnight

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and they built structures. Now they weren't beautiful houses, they

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didn't have foundations or anything like that, but they were

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tree houses. They built fences, They brought in camera monitors,

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they brought in motion detecting cameras, they brought in lights.

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They stole power from her house and surrounding houses, and

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they ran that all like a camp. They built it overnight.

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Her kids playing noticed that people had built what they

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called a fort, and this woman, thinking well, camp is

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probably just kids, went and looked at it. Forty adults

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overnight built this structure that they were defending. She called

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the sheriff, and the sheriff said, there's not much we

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can do. Man. We have to file papers and you'll

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have to go through a court process. You're gonna have

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to try to evict these people. She called me to

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come on the radio to talk about it. In the radio.

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We did, and then I said this, look, look here's

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what we're gonna do. We're gonna gather some guys I

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know who used to serve in the military. We'll come down,

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we'll kick these guys out, and then we'll let the

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course decide. And I got a phone call from one

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of the Pierce kind of cops and said, Hey, I

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get it, but you got to understand something. You're not

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walking into a bunch of bunnies. These guys are armed.

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We already know what they have. They've got swords, they've

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got guns. Some of the things they'll do is squirt

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you with diseased blood. He said, they've got that tactic down.

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This was in Pierce County, Washington, south of Seattle, and

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it was six or seven years ago. This has been

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allowed to continue as this has all gone on. What's

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happened to the economy? Insurance rates of skyrocketed, both for

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car and home insurance. It's very, very difficult to get

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home insurance in certain neighborhoods, almost impossible to get car

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inshurt ins of the neighborhoods, and what else has happened?

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The downtown core has rotted. Nike left, Amazon made a

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massive billion dollar investment, They left Starbucks, HQ relocated some

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of the most legendary businesses in the history of Seattle,

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relocated all of this was foreseeable. The fact that anyone

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like Tim Waltz is being considered to be VP when

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Tim Waltz is exactly this is insane. But remember this,

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the Satanic Temples having their event in Boston invention they

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require the COVID shots. The people who want to work

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for the Cambi Harris campaign are going to have to

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have the COVID shots. In the separate country of Washington.

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They pushed the COVID shot dictats. It's all one party,

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all of it. There's so much to talk about on

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the economy as wait for zach Abraham to arrive. A

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lot of it is now new news, such as the

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Camia Harris plan to have price controls. We'll talk about

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why that never works. I mean a lot of people know,

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but we'll get down to the details about why that

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never works. Here's something that will work for you is

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called native path collagen. I've talked a lot about the

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00:14:40,960 --> 00:14:43,080
use of it for exercise, and this is something and

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of course I'm concentrating on building up for seal fit.

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The fact that it helps accelerate tissue recovery and it's

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scientificate back to promote bone density. I haven't spent a

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00:14:52,039 --> 00:14:55,200
lot of time on the esthetics of this. This is

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something that helps get hair thicker, it helps protect nails,

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it helps reduce wrinkles, and it's scientifically backed. In another way,

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Native Path collagen is taken to a third party. They

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00:15:07,080 --> 00:15:09,720
analyze it to make sure it's safe, because other companies

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they skimp on that. The third parties look for heavy metals,

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they look for toxins. Native pathcollogen is very very set

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on purity. That's one of the reasons they're called Native Path.

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If you look at the ingredients, they're slim. In fact,

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they only have two types of collagen fibers in this

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type one in three, which are found in ninety percent

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of our bodies. So things like cartilage what I'm interested in,

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muscle recovery what I'm interested in, and people who want

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to get thicker hair and reduce wrinkles, that's all available too.

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Here's what you could do. Go to Native Path called

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probably get Native Path, get nativepath dot com slash todd,

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and you can stuck up a nativepathcollagen. It's get Nativepath

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dot com slash todd. You can save up to forty

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five percent off. Everybody will enjoy free shipping. It's get

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Nativepathcollagen dot Com Slash Todd three hundred and sixty five

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day money back guarantee, Get Native Path Collagen dot Com,

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Get Nativepath dot Com sash Todd. The Cammi Harris campaign

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is not only requiring people to get injected. They're now

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beginning to speak of the economy and Cammi Harris now

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breaking my own rule. Figurehead Kamala Harris has decided to

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help fight inflation by flooding the housing market with money. Now,

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let's think about that. She's proposing providing that is, you

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being forced to provide up to a twenty five thousand

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dollars down payment in support of first time home buyers

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and much more generous support for first generation homeowners. This

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is according to campaign officials. So she intends to fight

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inflation by making the world much more flood with money.

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And how do we get this money? What's conjured? We

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know that we conjure money through the Federal Reserve. We

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know we conjured it through quantitative easing. Does Kamla Harris

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understand any of this doesn't matter because at the same

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time she's doing this, she's talking about price controls. She

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has determined what the right price for everything is? You

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know who else has done that? Maduros. Every single leftist

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dictator has tried this. It's been tried in every leftist country.

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And it's coming at the same time as Kamala Harris

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is facing a guy who's a CEO. I hope that

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President Trump will become CEO Trump in this debate, particular

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on these economic policies, because I guarantee what Kamala Harris

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is going to try to do in the debate, She's

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going to try to go to Tump into a fight

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over being a felon. I can see her opening statement

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in my mind is I can see her saying, what

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a time in America. You know, I was a prosecutor

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for years and face people like this man who is

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a convicted fell thirty six times convicted felon, and now

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I'm debating one for president. She's going to try to

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go to m I hope that President Trump will be

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CEO Trump, be Chief Economist Trump, and to talk in

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very very clear terms about how this is madness. It's

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pretty simple to do. How does providing fake free money

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to people so they can purchase houses, how does that

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drive down the cost of housing. Why would anyone decide

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to lower the cost of housing? He can use as

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an analogue, of course, big universities. Big universities get massive

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amounts of government money, billions and billions of dollars, hundreds

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of billions of dollars, and they don't lower their cost

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Why should they? The guaranteed money always keeps flowing. The

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President Trump is to take on the role of CEO

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Trump and ask Kamala Harris to defend statements like this

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and applies like this. She can't. She can only do

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it based on feelings. So I hope that President Trump's

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team is getting him ready with precise data such as this.

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When you guys did this in two thousand and eight,

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in two thousand and nine, you spent the first decade

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prior to that flooding money into the system, approving loans

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and forcing banks to approve loans for companies and individuals

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who could never pay them back. We all saw the

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housing crash happen. It happened because of steps like this.

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You're going through the same motions this time, the same way,

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but worse, because you're also going to flood the system

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with money. He can point to Harvard's endowment. Most people

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don't think that's fair. Yale's endowment. Most people don't think

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that's fair. And he can say, what is the caring

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and fairness in taking Americans who've worked hard for this

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money and forcing them to write checks to people who

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can't have any hope of paying the house off or

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paying it down. President Trump does that and provides examples

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of where government inflow into systems has created more and

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higher costs. He wins he can do it with healthcare.

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You guys said Obamacare was going to fix everything, and

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you flooded the healthcare system with money. Healthcare providers haven't

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been asked to streamline their work at all. They haven't

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been asked to. In fact, they've been forced to do

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the opposite. He can remind Americans that for every single

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doctor you pay to look at you, there are seventeen

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paper pushers, bookkeepers, accountants in the background, Seventeen I always

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keep that in mind if I ever have to go

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see a doctor, if a doctor's looking at me, I

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picture seventeen bureaucrats standing around me. He can do that

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and say, look what's happened to healthcare costs? There's no

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reason to drive them down. President Trump can also then

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go to big universities and he doesn't need to get

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into the social issues or so called social issues. He

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can at the same time, as they were having anti

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Israel marches, Harvard continues to raise its rates. It continues

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to make it harder to get to college as we

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continue to pour money into it. It's the same thing

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with housing. You will drive up the cost of housing

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while you do this, and you will drive up in

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If President Trump can tie this together and have people

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understand that the economy core goods, the costs of those

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have gone up twenty percent, he can win this debate

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based on numbers. As being a CEO. As Kamala Harris

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attempts to cackle and laugh, and of course she's going

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to come back and say, it was you who drove

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jobs down. It was under your administration where jobs come down.

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I hope President Trump is ready to step in and

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make a fantastic statement. You want to see President Trump

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break news during a debate. President Trump should admit to

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a massive mistake during the debate. No, think of this.

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It's never been done. It's never been done. If President

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Trump were to do this, I don't think Kamala Harris

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would be able to quickly react. I mean, I have

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an idea what she might try to say would start

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with cackling. I'll talk about that in a second, because

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it has to do with how health care. I a

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discussion yesterday with my oldest and dearest friend, a guy

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I considered to be not kind of a brother a brother,

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and he and I were talking about our lives and

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giving each other counsel as Christian men, and he communicated

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to me a terrible, terrible health issue he's having. It's

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not pain, but it's discomfort, and it's causing rashes inside

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his body. He's a well paid guy, he's a brilliant man,

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and he's seeing a ton of doctors for trying to

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help him with this. That every every symptom he mentioned

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had to do with inflammation, every single symptom. Now, mind you,

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this is a guy who I believe saved my life twice.

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He's a guy who brought me to the Lord. If

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I learned that he needed a kidney, I would stop

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00:22:46,559 --> 00:22:47,960
the show. I would go give it to him. If

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he needed a second one, I'd give him my other one.

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I love him that much, So I said to him brother,

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I hope that you will, please, please please let me

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introduce you to my friends who run renew Healthcare in

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port of Out, Mexico. I said, the stem cells ethically

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00:23:03,839 --> 00:23:08,079
gathered from placentas and umbilical chords. Only. The first thing

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00:23:08,160 --> 00:23:11,799
they do is fight inflammation. And I've heard so much

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00:23:11,799 --> 00:23:15,559
about inflammation causing great, great harms people neuropathy. You might

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00:23:15,640 --> 00:23:18,440
have this the buzzing of the limbs that has to

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00:23:18,440 --> 00:23:22,119
be so annoying. Sometimes it becomes very, very painful, Or

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00:23:22,400 --> 00:23:25,960
you have inefficiencies and movement. This can be driven by

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00:23:25,960 --> 00:23:28,599
lower back lumbar things. You can't close your hands, you've

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00:23:28,640 --> 00:23:31,119
loosened your grip, you can't really hold onto things anymore.

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00:23:31,440 --> 00:23:34,039
That has to be incredibly frustrated, not to mention scary.

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00:23:35,200 --> 00:23:37,720
Renewed Dot Healthcare can help you with these things, and

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00:23:38,000 --> 00:23:42,279
with even neurological damage. The stem cells are building cells.

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00:23:42,720 --> 00:23:45,720
They will build cells for whatever part of the body

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00:23:45,720 --> 00:23:48,200
they're inserted in. In my case, it's been a shoulder,

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00:23:48,240 --> 00:23:50,480
it's been an ankle. I know people who've done these,

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00:23:50,799 --> 00:23:53,880
they have great results with lower lumbar related issues. That's

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00:23:53,920 --> 00:23:57,000
why so many pro golfers go there. So I absolutely

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told my friend, my brother, this guy who saved my

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life at least twice about that. If I'm telling him

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00:24:04,279 --> 00:24:07,160
and I'm telling you, then I truly believe in this.

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I've seen the results, I've lived them. Go to renew

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00:24:10,720 --> 00:24:14,599
dot Healthcare that's r E n ue dot Healthcare. Please

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00:24:14,680 --> 00:24:17,400
tell them you're friend of the program. They will look

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00:24:17,440 --> 00:24:19,640
at your medical records. They can even talk with your

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00:24:19,640 --> 00:24:22,480
doctors and they'll determine if they think they can help you.

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If they think so, they'll tell you the percentage. In

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00:24:25,720 --> 00:24:28,559
my case, they said, with my shoulder, my first shoulder, hey,

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00:24:28,640 --> 00:24:32,079
it's fifty to fifty. You know, we really don't like

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00:24:32,119 --> 00:24:35,240
fifty to fifty odds. With my second shoulder, they said,

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00:24:35,279 --> 00:24:38,920
absolutely immediately after shoulder surgery will speed up the healing,

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00:24:38,960 --> 00:24:41,960
and they did. It's been remarkable. Go to renew dot

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00:24:42,000 --> 00:24:45,319
Healthcare that's r E n u E dot Healthcare, and

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00:24:45,359 --> 00:24:46,759
they'll tell you if they can help you or not.

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00:24:48,440 --> 00:24:51,680
The thing that President Trump should do. In this debate

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00:24:51,720 --> 00:24:55,720
with Kamala Harris, it says he's being CEO Trump and

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as he explains, as I've just talked about why her

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insane plan, which of course are designed to drive up inflation.

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00:25:02,440 --> 00:25:06,039
Let's not pretend this is designed to help. President Trump

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00:25:06,079 --> 00:25:08,640
can then talk about Harvard. He can then talk about

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00:25:08,680 --> 00:25:12,839
healthcare costs. The more money you put into healthcare, the

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00:25:13,000 --> 00:25:16,680
higher the cost. Go forever, retiree, everyone on Medicare, everyone

440
00:25:16,720 --> 00:25:19,519
on Medicaid. The costs continue to go up, and doctors

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00:25:19,519 --> 00:25:22,559
make less money. So we're seeing doctors leaving time and

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00:25:22,599 --> 00:25:25,960
time again. We're seeing doctors going out and creating clinics

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00:25:26,000 --> 00:25:28,960
that don't take insurance. One of the fastest growing segments

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00:25:29,000 --> 00:25:33,400
in healthcare are concierge medical clinics, where doctors refuse to

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00:25:33,440 --> 00:25:37,519
take insurance because they can't afford to take insurance. If

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President Trump makes this case, he can come back and say,

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and you want to do with housing what Obamacare did

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to healthcare, You want to do with housing, what you've

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done to the costs of colleges. You want to do

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to the country, what you did to our economy. President

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Trump should say this, the worst mistake I ever made

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as president was giving in to people like you, people

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like Tony Fauci. That is a mistake I will never

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00:26:06,720 --> 00:26:11,759
make again. I will never again trust bureaucrats who do

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not have the best interest of Americans at heart. I

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00:26:15,680 --> 00:26:17,839
knew it at the time. I said that COVID was

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going to go away, and it has for most people

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00:26:20,200 --> 00:26:22,359
except for the people have gotten these shots. It would

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00:26:22,400 --> 00:26:26,359
take a massive, massive stretch of humility for President Trump

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00:26:26,440 --> 00:26:29,720
to say such a thing, because he continues to insist

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00:26:29,799 --> 00:26:32,039
that the shots of actually help people. But can you

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imagine how big a deal it would be if President

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00:26:34,599 --> 00:26:38,359
Trump did that. I think it would be monumental. Now,

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00:26:38,440 --> 00:26:40,680
Kamala Harris would stand there and get back on her

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heels and probably laugh and cackle and try some way

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00:26:44,319 --> 00:26:46,200
to come around on that, saying something like, well, you

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00:26:46,279 --> 00:26:48,240
hired your son in law. Yeah, I did a great

468
00:26:48,279 --> 00:26:50,079
job too, you got the Israeli peace pack done? What

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00:26:50,160 --> 00:26:53,200
have you done? It's going to be a fascinating debate because,

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00:26:53,200 --> 00:26:55,519
of course ABC News is going to be twisting the scales.

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President Trump can also speak about how badly rig the

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financial system is, and this is something else that President

473
00:27:03,079 --> 00:27:07,160
Trump should do. This would make massive, massive news, and

474
00:27:07,599 --> 00:27:10,519
Kamala Harris would have to try to confront this. He

475
00:27:10,519 --> 00:27:13,839
would make her fight on ground she can't defend. Kamala

476
00:27:13,839 --> 00:27:16,319
Harris cannot go toe to toe with President Trump on anything.

477
00:27:16,400 --> 00:27:20,960
Related to the economy, or business, or job creation, or currencies.

478
00:27:22,640 --> 00:27:26,799
Carol Merks wrote on Twitter's of February two thousand and seven,

479
00:27:26,880 --> 00:27:31,400
investment specialists at Beglar's BEGLN Big ten Investments largest weighted

480
00:27:31,440 --> 00:27:36,079
portfolio in some of the biggest investment worlds. He wrote

481
00:27:36,079 --> 00:27:40,480
this on Twitter dash x, Borrowing money in Japanese yen

482
00:27:40,519 --> 00:27:43,680
and investing it in Mexican pesos has delivered better returns

483
00:27:43,680 --> 00:27:45,880
this century than the S and P five hundred has

484
00:27:45,880 --> 00:27:50,240
illustrated in the attached chart. Now think of this the

485
00:27:50,400 --> 00:27:53,519
S and P five hundred representing the world's largest economy,

486
00:27:53,519 --> 00:27:57,079
the United States, the top companies in the United States

487
00:27:57,319 --> 00:27:59,519
in the S and P five hundred, and you make

488
00:27:59,559 --> 00:28:02,519
more money doing what he calls a carry trade. I'll

489
00:28:02,559 --> 00:28:06,200
try to explain this, he writes. The strategies known as

490
00:28:06,240 --> 00:28:09,440
the carry trade. It involves borrowing money in a country

491
00:28:09,440 --> 00:28:11,880
with low interest rates and investing it in a country

492
00:28:11,920 --> 00:28:15,279
with high interest rates. The profit arises not only from

493
00:28:15,319 --> 00:28:17,799
the difference between borrowing at a low rate and lending

494
00:28:17,799 --> 00:28:21,000
at a higher rate, but also from currency movements. The

495
00:28:21,039 --> 00:28:24,160
currency of a country with low interest rates tends to depreciate,

496
00:28:24,400 --> 00:28:26,480
while the currency rate of a country with high interest

497
00:28:26,559 --> 00:28:30,039
rates tends to appreciate. It's unusual for a country like

498
00:28:30,119 --> 00:28:33,200
Japan to maintain extremely low interest rates for twenty five years.

499
00:28:33,440 --> 00:28:35,920
As a result, speculators have come to believe this trend

500
00:28:35,960 --> 00:28:39,519
will continue indefinitely, leading them to take on increasingly large

501
00:28:39,519 --> 00:28:42,640
amounts and risk your positions, such as borrowing in Japan

502
00:28:42,759 --> 00:28:46,319
to invest in stocks elsewhere in the world. What we're

503
00:28:46,359 --> 00:28:51,119
watching is the degradation of the stock market from something

504
00:28:51,160 --> 00:28:56,599
that actually represented value creation, actual rigor in companies running

505
00:28:56,599 --> 00:28:59,480
their finances, p and L statements and performance, etc.

506
00:29:00,720 --> 00:29:04,960
Speaker 2: And fake this.

507
00:29:07,240 --> 00:29:10,720
Speaker 1: The trading of currencies one side to the other, one

508
00:29:10,880 --> 00:29:14,599
country to the other, involves no value creation for anybody

509
00:29:14,920 --> 00:29:17,079
but the people taking the prophace. Now I'm not saying

510
00:29:17,079 --> 00:29:20,240
it should be illegal, but I'm saying that President Trump

511
00:29:20,279 --> 00:29:23,640
should expose this. What would it be like for a

512
00:29:23,680 --> 00:29:27,519
guy who's made so much money to come out and say,

513
00:29:27,599 --> 00:29:31,119
our money creation system is rigged, and you are people

514
00:29:31,160 --> 00:29:34,559
who rigged it. How could he get defend that like this?

515
00:29:36,000 --> 00:29:38,160
When I was running the Trump Companies before I left

516
00:29:38,160 --> 00:29:40,200
my happy life, and you know President Trump would say

517
00:29:40,240 --> 00:29:42,480
it that way to come and rescue the country. Before

518
00:29:42,519 --> 00:29:47,759
I left my happy life. You had the CEO of Disney,

519
00:29:47,880 --> 00:29:51,599
Bob Iiger, go into your political mentor's office in the

520
00:29:51,599 --> 00:29:55,160
White House, Barack Obama. He walked in and was an

521
00:29:55,279 --> 00:30:00,440
economic advisor to your political mentor, Barack Obama. He walked

522
00:30:00,440 --> 00:30:04,759
into that room knowing that Disney had paid zero tax

523
00:30:06,440 --> 00:30:09,400
and he began to advocate for Americans like me to

524
00:30:09,440 --> 00:30:12,920
pay more taxes more importantly, since I can afford it,

525
00:30:13,000 --> 00:30:19,559
Praise God. He was advocating for normal Americans to pay

526
00:30:19,599 --> 00:30:24,559
more taxes and for companies to pay more taxes, completely

527
00:30:24,920 --> 00:30:29,319
completely blind to the fact that he himself had arranged

528
00:30:29,359 --> 00:30:34,599
for Disney to pay zero corporate tax. You rigged this system, Kamala.

529
00:30:35,039 --> 00:30:38,480
You and Joe Biden rigged this system. Kamala. It'd be

530
00:30:38,519 --> 00:30:41,000
difficult for them to talk through that, to talk around it,

531
00:30:41,039 --> 00:30:43,599
because it's true. He can go through a name every

532
00:30:43,920 --> 00:30:48,960
every round door, revolving door instance where people have left

533
00:30:49,039 --> 00:30:51,839
the regulatory systems and gone back into banking and then

534
00:30:51,880 --> 00:30:54,920
come back into the regulatory systems. President Trump could know

535
00:30:54,960 --> 00:30:58,599
this by heart. The fact is the system is rigged,

536
00:30:58,640 --> 00:31:01,160
and this is one of the reasons why shiny shoed

537
00:31:01,200 --> 00:31:06,039
Republicans are as against President Trump as they're against Kamala Harris.

538
00:31:06,079 --> 00:31:09,680
In fact, many of them would prefer Kamala Harris because

539
00:31:09,720 --> 00:31:14,480
then they can keep their precious dear, dear Republican party.

540
00:31:15,079 --> 00:31:17,160
I'm not as good at talking about this as Zach Abraham,

541
00:31:17,200 --> 00:31:20,160
but I'll tell you one thing. It can't last. This

542
00:31:20,240 --> 00:31:24,119
is unsustainable, and President Trump being CEO Trump during a

543
00:31:24,160 --> 00:31:26,920
debate is one way to draw attention to this. Let's

544
00:31:26,960 --> 00:31:29,160
tell you just got a note from Zach. He's not

545
00:31:29,200 --> 00:31:32,759
going to make it today and he apologizes. So if

546
00:31:32,759 --> 00:31:35,640
I've been well trying to really stretch the show a

547
00:31:35,680 --> 00:31:38,160
little bit, I apologize to not my best show, some

548
00:31:38,240 --> 00:31:41,480
good information, apologize it was a little bit sloppy. Don't

549
00:31:41,480 --> 00:31:43,599
feel great about it, but it is something we will

550
00:31:43,599 --> 00:31:46,039
not do again. We will never do and attempt at

551
00:31:46,079 --> 00:31:49,480
a live connection with a guest again, apologize for that.

552
00:31:49,799 --> 00:31:52,119
You can reach Zach at Know your Risk Radio dot com.

553
00:31:52,519 --> 00:31:55,359
Know your Riskradio dot Com. I encourage you to subscribe

554
00:31:55,400 --> 00:31:58,319
to his radio show and get to see how he

555
00:31:58,359 --> 00:32:00,200
does it because he's very, very gifted at it. Know

556
00:32:00,279 --> 00:32:03,200
your Risk Radio dot Com. This is the Todd Hermann Show.

557
00:32:03,240 --> 00:32:06,240
Please go be well, be strong, be kind, and please

558
00:32:06,279 --> 00:32:09,160
make every effort to walk in the light of Christ.

