Speaker 1: How do you be faithful with your finances in a
time where it's difficult to find the faithful in finance.
Oh and by the way, about that implantable tech President
Trump wants to stick into our heads. Zach Abraham joins this,
Chief Investment Officer, Bolwer Capital Management, courtesy of God Almighty.
Speaker 2: But Todd Herman show is one percent disapproved by big
pharma technocrats and tyrants everywhere from the high mountains of
Free America. Here's the Emerald City exime, Todd Herman.
Speaker 1: Today is the day the Lord has made, and these
are the times through which God has decided we shall live.
Joining me now, my friend and brother, Chief Investment Officer,
Bulwark Capital Management, Zach Abraham, Zach, good to have you here,
Thanks for coming a man.
Speaker 3: Good to be here.
Speaker 2: Man.
Speaker 3: I know shortage of things to discuss, right.
Speaker 1: Very much so, very much so. And I mentioned this
yesterday to people and I couldn't believe the response to me,
we get cool responses. But I mentioned that I had
this stuff up on my substack and it's President Trump
has signed an executive order to accelerate six G and
this is purposely demonstrably being used by World Economic form
types who have said the cell phone is going away,
that stuff is all going to be implanted in our
bodies at a time where Larry Fink says that from
the day you're born, every financial act to undertake will
be tied to a single blockchain forever, and that will
be tied, of course to your social activities and what
you say. So my question to you is a guy
who works in finance, how do we have faithful finance
with this stuff going around us that that sort of
smells very mark of the beast ish to me.
Speaker 3: Yeah, it's great, great question. Uh man. There's so many
different ways to look at this. So yeah, I mean,
you can look at it just from a pure economic side,
but that's pretty dark and dystopian because.
Speaker 1: Well let's start there, because that's where they're at.
Speaker 3: So technology is going to technology, and forward is forward
to these people. And you see it in the way
that they're pursuing AI, meaning you know, you get into
these scenarios where a lot of the dynamics and a
lot of the cultural nuances that make America so great
and also in certain scenarios hurt us, right, And I
think to look at that when you combine like you know,
American idealism or exceptionalism, Americans go get them culture yea.
And then and then throw that into the competitive world
of media, right, look at how it's dc Look look
at how it's degenerated media. One of the biggest, you know,
degenerating forces of media has been clickbait culture, right, which
is all driven by the competitiveness. And you're not gonna
find anybody that's going into competition in free markets. And
I am I'm just saying there are, there are things,
and it should come as no surprise where we move
into these places in thiety or as a country, and
the way that we do things is not going to
help us. It's going to be hindrance. And I and
I think that the technology situation is a perfect example.
We are we are leaping before we look, and we're
doing that in AI as well. So on the flip
side of that, through the lens of a Christian man,
as scary and as un uh umbooying is news like
that is part of me sits here and goes it
shouldn't be we know it's going this way right, like
like we know it's going.
Speaker 1: This because God told us it would go this way.
Speaker 3: Right And so it's always I've always struggled with that
part of I'm forgetting other really cool. I'm forgetting the
really cool, the really cool Christian term for the study
the study of end times. It's not anyway whatever.
Speaker 1: Also looked it up and yell it to us.
Speaker 3: Yeah, it's I want to say, like hermeneutics. I know
that's not you know that sounds term. But anyway, So
partying sits there and goes, well, why are we pushing
back against this? And now I think we should pushing
back against it as it relates to us getting and
planted with these things children. I'm a hard no too.
I'm just saying, like, are you going to see me
out with a sign on an overpass saying don't put
the machine in your body? No? Why because they're going
to do it.
Speaker 1: Okay, But I think here's here's where I might want
to push back. By the way, the phrase is eschatology,
study the eschatology eschatag So yeah, we were told that
it would go this way. Here's where I'm at. Zach
and you given you your stance as a Christian man,
the what what? What has been provided to you and
your wife through how God is blessed Bullwark. You have
podcasts that is well listened to. You're always you're out
on media. You're here. We, I think, are watchers at
the gate. You warned people about the housing thing. That
you were one of the guys saying, hey, can we
shore at the housing market? And all the wise guys said,
I can't be done, No one could do that. Plus
it can't fail. You were a watcher at the gate.
We see this coming, and I see these brain implants,
and I and our body and punts, and I fully
understand a what can be coded can be hacked. Therefore
your body can be hacked. B you said, Silicon valley
forward is forward. There's only one gear. Keep moving forward.
If we can, we should. And if we can control
mankind to think like we do, why shouldn't we look
at AI? That you had this anthropic AI that gave
itself license to negate attacks, that the commander in chief
of the military or the Joint chiefs of staff said no,
we're going to hit this target. Anthropic gave them themselves
the right in the terms of service to go No,
we won't help you with that attack. And right, so
we're watchers at the gate. I think it's up to
us from our platforms to say, do not get the
body implants. Say right now, I'm a hard no, just
like I was a hard mask no. I was a
hard no on the lockdowns, a hard no on the injections.
I am a one no on any form of body implant.
I mean that that's how I see it, that we're
watchers at the gate.
Speaker 3: I know, so I agree with you on what I
was getting to is that I am Look, I am
all about outreach and trying to save souls and do
all the stuff that I know that you believe in
as well as I do. I'm just saying I'm watching things.
And one of the realizations I'm starting to come to
is that you know, to me, it very much looks
like the sheeps and the sheep and the goat through
the process of getting separated. It's it's what it looks.
You see it all over the place. The other thing
that I am very encouraged by, and it's also kind
of scary to see, is have you noticed that anybody
out there, regardless of where they start on the ideological
arc of things right, whether liberal, conservative, whatever, atheist, Christian,
And it's one of the things that gives me so
much faith in belief in Christ and what we know
to be true, because this is always the case. But
I find it fascinating that anybody that you see out
there that earnestly goes searching for truth, they all end
up in the same place regardless of where they start,
regardless of how I mean. Go less to a guy
like Joe Rogan talk and listen to how what he
has said and the messages and the things he's talked
about have completely flipped from six or seven years ago. Right.
So I am in no way saying I am not
into reaching out and helping other people. But I do
think that we're coming to a point where we need
to economize our efforts and we need to aim them.
In my opinion, at least initially or or with the
majority of our force, we need to aim a lot
of this stuff internally in terms of other Christians, because
what I am starting to see again, we're not going
to quit saying, you know, speaking the truth and giving
the word, and you know, all of the things that
we've been called to do. But you know, and this
comes as no surprise to anybody Christian thought, Christian ideology
Christian life practices, Christian way of living is becoming even
more and more endangered, even in the own even in
the Christian Church.
Speaker 1: So you're saying, aim it internly beginning with the Body
of Christ and educating the Body of Christ and solidifying
the Body of Christ, and making sure that we're square
on salvation issues, that people are not walking away from
Christ or as people were warned throughout the Bible, do
not wander away, do not be taken the pactice.
Speaker 3: Yeah, And it's not about faith or being And it's
not about faith, and it's not about me sitting there
saying we need to accuse our efforts and go after
the people we think God wants. I'm just talking about
you have so many you have so many bullets right
who you're going to aim them at? And what I
am seeing is in the in public generally, I am
seeing a you know, an increasing amount of vitriol painted
pointed and aimed at anything that is aligned with Christian
beliefs or whatsoever. And so what I'm saying is because
of that, for that heightened in and then you listen
to the people that have the most animous toward the
Christian side of things. Yeah, like they're off their rocker.
I mean, it's it's mad right, it's madness time. It's
craziness time. We're making stuff up. We believe in all
this stuff that isn't true. And what I'm saying is
the realization I came to recently where I was like,
I agree with everything you said. I think that we
need to primarily be aiming that at those that have
at soil that at least has the capacity to absorb
the water and the seed. Do you know what I mean.
Speaker 4: I'm just listening to a couple of social media posts
about some people nobody is beyond God's redemption, but they're
beyond mine, which means, you know, I got to logically
sit there and say, do I have a chance of
reaching somebody like that?
Speaker 2: Now?
Speaker 1: Yeah, Now, Jesus made that clear. You know, if you're
in a village and you're out making disciples and they
won't listen to you in the rid to you, you know,
shake the dust off your sandals and move on and
go to where it's more fruitful and where you could
you're sees.
Speaker 3: Yep, that was my point.
Speaker 1: Yeah, right, So if we play this out and this
is where I think, you know, as Christian people, we
should we should war game with God's help, so we
come to pass they get these implants. President Trump has
signed this executive order to push this with six g
He even said, what this is going to get more
power to look in people's skin and see how perfect
it is. He even said that like as if he's
joking about this. So if we wore game, here's what
God told us, neither buy norself and that's the market
of the beast. Okay, so if we wore game this
together looking at you philanthropically, looking at me philanthropically, looking
at our both separate church communities body of Christ, but
we don't live in the same place that attend the
same church. I think this is a time for the
church to begin to really concentrate on feeding souls first,
saving souls. So that but then also I think we
better start making plans as Christian villages to be able
to feed a lot of people and to be able
to do this outside of the zero push and that
you're gonna have to eat the fake meats push, et cetera.
I mean, I hate to say that we're gonna have
to be Christian communes, but we might have to be
if there's neither buy nor sell, how do you eat?
Speaker 3: Like no, I, yeah, I don't. Those are interesting comments
and or those are interesting thought exercises. I don't know.
I don't have any answer to that. And I agree
with you. It's one of the reasons why you know
I want that. And you know, look, I'm really not
an extreme or a worst case scenario type person. I'm
really not. I could, yeah, I couldn't. Couldn't be to
be in this, in this business that I'm in. Having
said that, I'm not an idiot, and I do believe
in the Word of God, and I have no idea
the timeline, and no man shall know the day or
the hour. And I have a lot of humility when
it comes to approaching this because I don't have a
better I don't have a better idea anybody else does.
That being said, I think you're really hard pressed to
be a person of faith and to be a Christian
and to tell me that you don't see the same
piece as p it moved around the board that I do.
I mean, hey, like I said, no man shall know day.
I'm open to anything. But at the same time you're
looking around going yeah, I it's it's hard to push back.
And and for that reason, it's one of the reasons
that I'm currently looking for a piece of land somewhere
out out somewhere where I think that I have the
ability to hunt and fish and at least, you know,
raise some food and things like that, because I'm preparing myself.
Elice Mendally you brought that up. I'm preparing myself because
you know, God grant me the strength. But that's that's
a bridge too far for me. You know, me and
my family will not be getting things implanted in us.
We will not be getting whatever that looks like. Well,
we're not going along with it.
Speaker 1: So let's take this the other direction. Now, let's go back.
We started this on a finance basis. I was listening
to this guy talk and he was explaining that, yeah,
sooner rather than later, we're going to see cell phones.
Those things aren't going to exist. That this is going
to be implanted in your bodies. And you and I
are in agreements, like I have a place I can
hunt and fish, and you know, we've got access to
that stuff here in North Idaho. Praise God for that.
But if I were to be making a financial pitch
to you, like, how big is this financially and how therefore,
how hard is it going to be for finance people
to not say, okay, I'll back that. They're going to
look at sunsetting iPhones, I mean mobile phones. They will
set a sunset date for this. This watch I wear
you Phoenix Pro seven. This is not implantable tech, but
it follows me everywhere. It's tied to a think email
account's not my Google accounts. They might know who I am,
but not because I gave them the information. The pitch is,
eventually the cell phone just doesn't have certain features. You know,
we can't really support maps anymore. Now that's just vocal
and you can't enter an address. You need to speak
into it. And eventually, you know, the watch it is
it needs to be. We need to do this impact.
They're eventually going to get to a point where there
aren't cell phones, and I could see the employment world
being okay, so we're gonna need you to get this implant.
What are you talking about, Well, we need to be
able to reach you. You have to be able to work.
Speaker 3: Okay, but this is where you're going off the rails.
Government would never mandate we put something in our minds.
Speaker 1: Oh, I don't know why.
Speaker 3: Okay, so getting all conspiratorial right, right, But they did this.
Speaker 1: So, Zach, if I'm looking at you as a finance
guy and I'm saying, we're the company that's going to
own seventy percent market share of the communication implants the platform, Zach,
our company is going to have the operating system in
seventy percent of human bodies. What do you value my
company at? Is there a number you're talking about. We're
gonna encour You're gonna need an updates, You're gonna need
software updates.
Speaker 3: I mean, realistically, if you had that kind of tech
and that kind of company was out there right now,
it would be hard for me not to see the
market assignment somewhere to five to ten trillion dollar market gap.
Speaker 1: Well let's see, Elon Musk has Starnut, Starlink, SpaceX, SpaceX,
and he has the brain implants.
Speaker 3: Bign company, Neuralink. Yeah yeah, no. And and here's the
thing that people need to realize, right, it's it's it's
not at least this is my interpretation. And I'm not
a biblical scholar. I mean I've spent my entire life
reading it. And you know, going to church and Bible
studies and all that kind of stuff. But I'm not
nowhere near to a spiritual scholar. But one of the
things that I think we've got to keep in mind,
and I think that we can we can extrapolate this
over to President Trump. Just because somebody is a political
ally of ours does not mean that they're with us spiritually, correct,
And it doesn't mean and it does not mean they're
aligned with us spiritually. And we're going to see a
lot of people that are that are are our political allies,
and we're going to see people that have done wonderful
things politically go along with this. Why because it's technology
and its progress. They're not looking at it through the
same lens that we are. Right, they don't see the
danger on the other side that we see, and they
don't see where this is leading. So it I'll tell
you where the difficult part for me, and for the
most part, we're not there yet at least in my opinion.
But on the investment side, right, meaning where do we
put money? Because I will not fund something like that,
so when that company pops out, we will not be shareholders.
I can't profit off something like that.
Speaker 1: We did, so we need to talk about that another like,
we need to take a second and we need to
think about this and talk about that. Zach Abraham get
more at Know Your Risk podcast dot com, of course,
and I want to continue to discussion here a second, Zach,
and I could see why Tim wants to run his
coffee company. He's CEO bone Frog Coffee founder there because
there's no one shooting at him. We checked off on
these things. Do you ever have IDs go off in
the office? No, not so far. Do you ever have
people shoot it you other the way to work? No,
not so far. He did three deployments on our behalf
into the Middle East as a Navy seal. He also
loves the coffee company and loves to give you discounts.
If you're a subscriber to bone Frog Coffee, you get
free delivery on all subscription orders over eighty bucks. So
if you are an existing subscriber but you're just getting
you know, coffee, like two or three pieces a month,
go all in, get the wh thing, get free delivery.
You've never tried bone Frog Coffee. Go to Bonefrog Coffee
dot com. Slash Todd use promo code Todd to get
ten percent off your first purchase, fifteen percent off subscription coffee.
Do check out the merch while you're there, because I
think the merch is extraordinary. So you were saying you
wouldn't put money, you wouldn't invest in this company. They
came and said that we've got the seventy percent market
share of the operating system of humankind. People are going
to have to have our updates, our apps. Zach, We're
going to ask you for this much money for our
initial value is ten trillion dollars ten years from now,
we think it's one hundred trillion. Are you in for
a billion? And you're saying no, even though you could
turn around and Bulwark could be worth you know, ten
trillion dollars.
Speaker 3: Yeah, And here's the deal. When we do turn that down,
we'll have clients lead because of it. I get, you know.
And the reason you won't is, or the reason I
won't is I heard a pastor give a speech recently,
or a sermon that I thought he made an excellent point.
It's one that I think is missing from a lot
of discussions in Christianity today. And he was talking about
going down and visiting Jim Baker in prisons.
Speaker 1: Jim from Jim and Tammy Faye Baker fame if people
don't know, disgraced evangelical who frankly stole a bunch of money,
did very bad things in the name of Christ.
Speaker 3: Yes. Yes, And this guy had written a book and
Jim Baker apparently had read the book in prison, and
the requested that he could speak to him. So he
went down there and talked to him, and he said,
you know, you gotta tell me. He's like, you know,
you still seem like a spirit feeled guy. When did
you quit loving Jesus because you must have like abandoned
Christ to do the things you did. And he goes,
you know what's funny, He goes, I never did. He goes,
that's not what happened. He goes, I love Jesus all
the way through that whole thing. He said. What happened
is I didn't fear God right, And you know, it's
one of those reasons that like I've always kind of
like shuddered when I see people wearing Jesus as my
homeboy hat, you know where, I'm like, it's not your
homeboy man. That's the that is the that is the
being that laid the foundations of the earth and knit
you together in your mother's womb. I think we probably
should apply a bit more respect in reverence and if
the reason I'm not touching that is because I, on
the other hand, do have a fear of Come and
I am not going to make business decisions that cross
over what I know that He wants us to do.
And so when that stuff comes out and it's apparent
that it's moving that way, we're out and that'll probably
really inhibit investment returns. But it's going to be what
it is, because, like I said, I fear God, and
I think that that's one of the things that we
have to keep front and foremost in our minds. If
you and I are correct about us going into a
period of time that looks the way it very much
does from the outside. I mean, if you had a
checklist about what you want to see happen, you're all
systems go right right. So so, just biblically speaking, and
I think one of the primary concerns that we need
to have at the forefront of our minds is hearing
God properly and making sure, hey, it's the fourth quarter,
make sure you're in your playbook, make sure you are dialed,
make sure you are making eternal decisions and not ephemeral ones,
and make sure you know you're on the right side
of things, right, like this is go time and.
Speaker 1: Twenty six is we don't sit at tables with scoffers,
We do not eat with non believers, right. We love
the habitation of God's home, of his temple, of his words,
and we don't walk with scoffers. And if you are
going to install implants in the people and control them
that way, you're not just a scoffer, right, You're a
schemer and a plotter. So I fully endorse and I'm
so thankful that you take that point of view. And
on this topic, I don't did.
Speaker 3: You see demonic? Let me push it throughther you're a
demonic lever, right, If you're going along with this, you're
part of the wrong plan.
Speaker 4: Right.
Speaker 3: You're an active player. So yeah, yeah, and.
Speaker 1: You will be. You will answer for that, and that
answer might be in hell if you are signing up
with the demons to do this to people, and if
you somehow you make it through that, you're gonna have
a long conversation with Jesus about why did you do
the market the beast. Yeah, well but the Lord, did
you see the returns? Yeah, but we had a killer
fourth court right with the expectations. All the analysts were lost.
So this is a little bit like off the purely spiritual.
They don't think it needs to be. You saw that
Jack Dorsey fired a bunch of people. Did you see this? Okay?
I don't even really understand what blocks the company does.
I mean, I think it ties together all his financial
investments like Square and cash app and all that. So
can we admit he's really good at what he does?
Speaker 3: Yeah, he's he's actually at what he does. And the
other thing I'll say for Jack Dorsey is if you're
looking at him through the lens of Silicon Valley billionaires,
he's one of the better ones, meaning he's done some
questionable things, but he's also not at least my impression
of him is that he is not an enemy of
the state. Well, he's more reasonable.
Speaker 1: Yeah, he says no state is the best state on
this profile. He let Twitter become a censorship machine, and
he's later come out and said I should have never
given a net pressure and Elon's right to do what
Elon's done with Twitter and He actually posted this on
Twitter and he made this note. He said, today we're
making one of the harsh decisions in the history of
the company. We're reducing our organization by nearly half, from
over ten thousand people to just under six thousand. That
means over four thousand of you are being asked to
leave or entering into consultation. I'll be straight about what's happening, why,
what it means for everyone. First off, if you're one
of the few the people affected, you receive a sour
of about twenty weeks plus one week per year of tenure.
That's pretty solid. I mean, give it to that guy.
Speaker 3: Very fair.
Speaker 1: Equity vested through the end of May, six months of healthcare,
your corporate devices, and five thousand dollars to put toward
whatever you may need to help in this transaction or transition.
That's solid. That's a really fair package, treating people well,
and it's across the board. If you're outside the US,
you receive a similar support, but exact details are going
to very based on location requirements. I want you to
know that before anything else. Everyone will be notified today
whether you're being asked to leave, entering into consultation, or
asked to stay. We're not making this decision because we're
in trouble. Our business is strong, gross profits continue to grow,
we continue to serve more and more customers, and profitabilities improving.
But something has changed. We're already seeing that the intelligence
tools we're creating and using, paired with smaller and flatter teams,
are enabling a new wave of working which fundamentally changes
what it means to build and run a company, and
that's accelerating rapidly. You can dislike Jack Dorsey all you want,
but this guy gets tech like few people get it.
This has been seen as AI did these firings, and
then the day he posted this, Zach I looked at
the gain on the stock market and they went up
twenty five percent after this report because they ended the
jobs of a huge portion of their employment base and
gave them a very fair package. But is anything more
clear of signs of things to come economically and job
wise than this.
Speaker 2: No.
Speaker 3: And now the one the one grain of salt that
we've got to enter in there is that when we
talk about AI taking over jobs, it's going to happen
rapidly and in a way that we've never seen before.
But it's going to happen rapidly. And you know, there's
a certain amount of poetic justice in this as well.
It's going to happen most rapidly in the tech sector. Okay,
So if you're outside the tech sector, if you're working
a trade job, if we're going and you know, all
these other kind of stuff, you're a long ways out
from being disrupted or or being obsoleted. If you're a
person sitting in a San Francisco or a Silicon Valley
tech company, though in your coating, yeah, it doesn't look
very good. It doesn't look very good. And I think
that you will probably look at the majority of these
tech companies unfortunately, and forty percent reduction in labor staff
will probably be seen as on the light side. I
think a lot of these tech companies now, with the
proper deployment of AI, could probably lower their their workforce
by sixty five to eighty percent a missfeed. I mean,
you go look at the number of people that are coders,
the people that assist them, the people that work with them,
and the stuff around it. You're probably talking on the
average tech company, You're probably looking at seventy to eighty
percent of the labor. So now not with a company
like Amazon on right, most of their employees are not coders,
but they're impacted the same way. Right, they're inside of
factories that are going to be quickly displaced with you know,
autonomous robots and things like that. So it's going to
move quickly during the tech tech industry. The one thing
though that I also want to caution people is on
the investment side, you've got to keep you've got to
keep in mind scale. Okay, so it's awful for everybody
that works at block that forty of the workforce is gone,
But when you look at four thousand jobs it proper
scale into the entire size of this economy, it is
truly nothing. It is like a drop in the bucket.
The other good thing about tech is despite the high
evaluations and all the kind of stuff it when you
look at the people that are employed by high tech,
it's not a ton of people right in relationship to
the entire economy. Is it going to create waves? Oh yeah?
Is it going to create economic disruptions? Oh yeah. The
interesting thing is it's very deflationary, right, AI is very deflationable.
Speaker 1: Hold that thought, because that's super super important and I
want to make sure we get this really, really nailed,
because this is an important thought for people who run
their on investments, et cetera. You've got to understand this stuff.
And then I want to loop this back into being
men of faith. To what degree you and I can
fire people and still be okay if we're going to
go out and use AI, because I think that's another conversation.
Speaker 2: Now.
Speaker 1: I've been talking about getting down to renew healthcare, and
I shouldn't say this as someone who's in business with them,
and I shouldn't say this is someone who gets a
share of revenues from people who go down there. That's
our business arrangement. I haven't been able to schedule the
time because I am not psychologically well enough to sit
on an airplane on a ramp for six hours. And
this has been happening to people, and I recognize that.
I know there's reasons that people aren't going down. So
let me just give you this heads up. This is
going to come to pass. It'll be over. I'm going
to go down for the anti aging protocol, so this
can turn out to be good news for all of us.
If you're interested in the anti aging protocol this male
clinic level, look at your body, starting with an epigenetic
analysis of your aging, looking at all of your organs,
the performance of your organs, us greening you for cancers,
et cetera. They will then take that information and put
together a plan for you. They'll present it to you
how much it will cost. It's not cheap, but then again,
dying painfully is not cheap, and not being able to
live life to the folk extents is not cheap. And
you get something else, you know, what helps you financially
to come back with the three to five things you
can concentrate on and the kit things you can do
at home to slow your aging or reverse your arc
of aging. And that kit you can do at home,
the three to five things you focus on huge money saver.
You go to the doctor, doctor recommends something like this.
You could say, hey, is it within these three to
five things? I don't think so that's going to be
my concentration. So be the CEO of your health. Come
back with the plan and the things you could do
at home, and get this set up now so that
when this travel thing passes, and it will, you and
I can all go down together and have a great time.
Making sure that we're the CEOs of our own health
Go learn about this at renew and you e dot
Healthcare telling me we want to talk about the anti
agent protocol. One of the patient ambassadors will help you.
It's renew dot Healthcare telling me. You're part of the
Todd Herman Shaw family. So AI is deflationary. Yeah, and
this this should mean something for people who are kind
of doing DIY investing at home. It should also mean
something if you're buy and hold, you should probably listen
real close to a guy who does risk management actively
managing portfolios, which can we disc riss and volatility By
the way.
Speaker 3: Yeah, hey, I'm look at that plot that. Yeah, so
it's you got to love markets and hit human ingenuity.
It's really funny when we're up against, you know, the
greatest inflationary pulse that we've seen in the last forty years.
That's at the same time that you you're at the
we stand at the precipice of a the most deflationary
technology of all time. And why is it the most
deflationary technology of all time? Because it's going to drastically
lower costs. Right look at block right Block now is
telling you that they can operate their business at the
same level and probably a greater efficiency level by deploying
AI than they can having a workforce is forty percent larger. Okay,
that is not unique to block Like I said, that
is going to become the story of virtually every single
tech company when you consider the fact fact that tech
companies are by far and away the highest paying employers.
You look at how many high paying jobs are getting nuked. Okay,
what we forget about is we just think about the
downside of that as being unemployed. And that's a very
real human cost. And every time I see a headline
of people getting laid off, you know, you say a
quick prayer for me for you know, you know that
for a lot of them, they're entering a really bad
time right trying to figure out how they're going to
pay for the kids, how they're going to figure things out,
all that kind of stuff. But this is the trajectory
it is going. And think about the impact that has
where all of a sudden, you like, like, let's use
let's use a city like San Francisco as a quick analogy,
and you think about how much techno money dominates that
that space. Let's say of all of the big cap
tech people laid off forty percent of their workforce just
in the state of California. Now, when they start these
layoffs in mass my guess is is that more of
the layoffs will be pointed at California than any other
place because that's where the highest paid people are.
Speaker 4: Right.
Speaker 3: So if you lay those people off, let's say, over
the course of six months, what do you think would
happen to Holmes and the Palo Alto in the San
Francisco area between the prices of two to six million dollars.
They're going to fall, Yeah, they're going to fall down.
Speaker 2: Right.
Speaker 3: What do you think about BMW dealerships around that area?
Speaker 1: Ooops wops? Rightships? Maybe ye whoop?
Speaker 3: See yeah, And so that is a big deflationary force.
Then we've got to think about the trickle down effects.
Those same people aren't going to be hiring a construction
crew to build an entertainment facility on the back porch.
They're not going to be putting in a pool. They're
not going to be building on an addition for mother
in law to come live in. Right, They're not going
to need the electrical work, the plumbing work, property taxes,
all of these different things, so it's going to be
a very deflationary force. Now, the tough part of figuring
all this out is what's that going to mean for us?
Because we already know how the governments are going to
respond to a deflationary force. What are they going to do?
They're going to print more. And in that way, you
can actually look at what Trump is saying and sit
there and go, Okay, you're not cutting government budgets quick enough,
and there is no economic to justify a rate hike
if depending on the speed of how AI rolls out,
like if you look at economic out of the day,
what Trump is saying, there is no basis to cut
infrastrates substantially. There is no basis. But you could absolutely
see the scenario inside of twelve months where there would
be yeah, because these job cuts are going to come
fast right the minute they got these tech guys. And
I'm not telling you anything you don't know, but they
are not encumbered by the same moral quandaries that you
and I are.
Speaker 1: No and nor are their investors, and their investors I
guarantee and you know this that I know this that
when Dorsey made this announcement, there were board calls scheduled,
get the founder and the CEO and the CFO on
the phone of every single one of our companies, and those.
Speaker 3: Calls went like this, heel them to do the same thing.
Speaker 1: Right, you saw what Jack did. We want a plan
by Wednesday of next week on how we're going to
have similar cuts and we want to see a twenty
to thirty percent across the boards, and we want it
done now because if AI can do this there, we
got to do it here. We got to keep up.
And as they used to say in the media business,
here's how they say it in the media business down
cycle and ads. I need ten heads, that's and that's
how they referred to human beings ten.
Speaker 3: Heads yep, yep. Yeah. And these and you and I
both know these tech guys are even more ruthless. So
these job cuts are going to come fast. This is
not investment advice and at all, and this is not
something we're doing. But having said that, I would not
be surprised if that It'll probably take one or two
other companies announcing and that could kind of start the firestorm. Right.
You know how this stuff starts. It always starts with
one company, then two or one or two more do
it and then boom the domino starts fall. That could
be the impetus for a really good rally on on
big cap tech here. So outside of outside of that,
US still broadly to me is extraordinarily non interesting, just
because it's so expensive compared to the rest of the world.
And you know, you've looked at all the drama you've
had this year. If you're a US investor, you're sitting
on zero percent gains. Meanwhile we're sitting on thirteen to fifteen.
So yeah, I just I think, but if they start
announcing that, you will see a rally kind of like
you saw on Block across the board in a lot
of those names.
Speaker 1: So we as Christian men, you know, Alex is irreplaceable
to me. We've been together so long in radio and
he actually came to me one day and said, you
could actually replace me with AI, and I said, no,
I can't replace you because I trust you and you
know me, and we've worked together so long. And as
Christian men running businesses, I mean, I think we have
to use AI to some degree because it's a big
fancy search engine and I'm using it to write my
book and it's been really helpful in that I'm very
careful to never treat it as human. I treat it
as an algorithm software. That's it. Don't be condient. I
think it's a human. But man, we're going to be
under pressure too, and I think as Christian men, we
need to be able to take a margin haircut, as
it were, in order to keep our fellow human beings,
particularly in the body of Christ, working with us. I
don't know if you concur.
Speaker 3: I I one hundred percent concur and I personally, look,
sometimes you're in a position in business where you have
to do what you have to do, and that's one
of the responsibilities that comes with running a business. And
if the choice is to let people go or keep
the business open and at least come keep some people employed,
that's the decision you got to make, right But in
terms of just doing it for in my opinion, and
I've been blessed to have some really good employees, great employees.
But the way that we look at it is I
don't really see it as firing somebody. I see it
as an employee opting out. And if an employee opts out,
then I think it is my duty to cut them loose,
explain to them why. And like I've said before, you know,
this isn't so much of firing as it is. This
clearly isn't for you. It's not a passion. It's not
like you're This may not be pleasant to put you
one step closer to where you should be. Right so,
and those aren't Those aren't fun conversations to have. But
I do not believe in I just I'm I'm morally
opposed to that of running a business purely from the
outlook of you know, we I look at our employees
and I'm not sitting here trying to brag. I just
believe that this is the way you should do it.
When my when when my partners, or when business consultants,
or when my CPAs are going through our numbers, the
number one complaint they always come back to me with
is you pay your people way too much. And I said, yeah,
but have you seen our customer our client satisfaction numbers?
And also have you seen our turnover We don't have
any Okay, that's highly valuable. Could I cut their pay
some and probably still keep those metrics? Yes, But when
I'm prospering the way that I am, and I have
why would you not spread that around? You know what
I mean? Why why would you not let the people
that helped you build something get a piece of that
outside of just what you promised them?
Speaker 2: Right?
Speaker 3: If they helped build this edifice that's now feeding you
like nothing else has before, why would they not get
a taste to that large ass right, or a taste
to that.
Speaker 1: Win you have to if you're a shepherd, I.
Speaker 3: Could not agree more. And furthermore, if you're a if
you're a if you are a Christian businessman, you know
you and I have a lot talked about this before,
but I will always say it, and I'll say it proudly.
Business is personal. When you're a Christian. Business is personal.
Speaker 1: Is church is church? Business is business.
Speaker 3: No, And don't tell me that what you do that
your your money game is separated from your God game.
It's not. And as a matter of fact, what you
do with one is the number one calling card to
how closely aligned you are with the other. Right, So,
I think, in my opinion, watching the way a Christian
handles their money is the most important thing, right next
to how they treat people. And quite honestly, I think
it's quite honestly I think it's more important because it
put your money where your mouth is, saying exist for
a reason, right.
Speaker 1: Yeah, and remember it's not yours, right, it's not yours
managers exactly all right. Great to have you here, Wise
counsel day Zach Abraham neariskpodcast dot com. God bless you,
God bless the family. This is the Todd Hermit Shaw.
Please go, be well, be strong, be kind, and please
make every effort to walk in the light of Christ.