1 00:00:00,520 --> 00:00:05,120 Speaker 1: Breaking. President Donald Trump has launched. 2 00:00:04,799 --> 00:00:08,560 Speaker 2: A broadside attack against the independence of the Federal Reserve. 3 00:00:08,720 --> 00:00:12,279 I'm Grim Milestone filling in for Todd Herman, joining us 4 00:00:12,400 --> 00:00:17,160 Zach Abraham far right, financial advisor with Bulrick Capital Management. 5 00:00:18,320 --> 00:00:20,199 We'll do this courtesy of Well. 6 00:00:20,239 --> 00:00:21,719 Speaker 1: Herman says God Almighty. 7 00:00:24,280 --> 00:00:28,559 Speaker 3: But Todd Herman show is one disapproved by big pharma 8 00:00:28,800 --> 00:00:37,039 technocrats and tyrants everywhere from the hind mountains of Free America. 9 00:00:38,280 --> 00:00:43,920 Here's the Emerald City exile Todd Herman. 10 00:00:49,359 --> 00:00:54,240 Speaker 4: Today the day the Lord has made, and these are 11 00:00:54,280 --> 00:00:56,399 the times to which God has decided we shall live. 12 00:00:56,399 --> 00:00:59,479 And jumping the gun is Zach Abraham with the intro 13 00:00:59,600 --> 00:01:01,719 of the Grim Miles. So thank you Grim, Zach, I 14 00:01:01,799 --> 00:01:03,359 kick Grim out, Welcome back to the show. 15 00:01:04,239 --> 00:01:06,400 Speaker 5: I you shouldn't kicked Grim out. That was the guy. 16 00:01:06,439 --> 00:01:09,439 Speaker 6: I mean, that's why I'm here today. Well, he's a 17 00:01:09,439 --> 00:01:11,920 broadcasting legend you want to call. I mean, he's right 18 00:01:12,000 --> 00:01:15,560 up Rush you know what I mean, Rush Limbaugh, cron Kite, 19 00:01:15,560 --> 00:01:18,840 and then Grim Miles. That's just right there, you know, 20 00:01:18,959 --> 00:01:21,040 Mount Rushmore, Mount Rushmore Broadcasting. 21 00:01:21,120 --> 00:01:24,040 Speaker 1: This is a true fact. I invented Grim back when 22 00:01:24,040 --> 00:01:26,680 I did morning radio in Seattle and and you know, 23 00:01:26,799 --> 00:01:30,280 fun morning, wacky radio, conservative radio. And I used to 24 00:01:30,319 --> 00:01:34,519 come in to make fun of the national newscasts and COVID. 25 00:01:34,799 --> 00:01:37,519 I'm grim Miles Snell breaking news and I just eat 26 00:01:37,560 --> 00:01:40,640 the mic and step right up. And this lady would 27 00:01:40,719 --> 00:01:42,640 she wrote in and she said, I think it's incredibly 28 00:01:42,719 --> 00:01:49,200 rude that Todd Herman always interrupts Grim Milestone's newscast. She 29 00:01:49,280 --> 00:01:52,400 thought it was real. God bless people. So let me 30 00:01:53,000 --> 00:01:54,280 go ahead, let me go ahead. 31 00:01:55,079 --> 00:01:57,640 Speaker 6: Doing this stuff is really funny. You get the funniest comments. 32 00:01:57,680 --> 00:01:59,319 I got a guy that contacted me on Twitter and 33 00:01:59,400 --> 00:02:02,000 he's like, yeah, you guys shouldn't do your your daily 34 00:02:02,040 --> 00:02:06,959 dots every day too much. What I just said, thank 35 00:02:07,000 --> 00:02:10,560 you for the feedback to like, yeah, people don't. People 36 00:02:10,639 --> 00:02:13,560 do not realize, Like when you put yourself out there 37 00:02:13,599 --> 00:02:17,240 in the public domain, Yeah, you get so many awesome 38 00:02:17,759 --> 00:02:21,120 exchanges and meet so many cool people, you also inevitably 39 00:02:21,240 --> 00:02:23,479 just get the most bizarre exchanges. 40 00:02:23,599 --> 00:02:24,439 Speaker 5: Oh where you look. 41 00:02:24,360 --> 00:02:26,000 Speaker 6: At You look at these people and you're like, okay, 42 00:02:26,039 --> 00:02:27,879 so you have no social skill? 43 00:02:28,479 --> 00:02:32,000 Speaker 5: Uh, right onto the next, right onto the next. 44 00:02:32,120 --> 00:02:36,039 Speaker 1: I got a note and and this this is the 45 00:02:36,080 --> 00:02:39,800 first time I've ever received a note like this, and 46 00:02:40,080 --> 00:02:43,800 it's it's forwarded to me by the program director at 47 00:02:44,159 --> 00:02:47,599 American Family Radio. This guy is concerned that before I 48 00:02:47,599 --> 00:02:49,960 begin my radio show on American Family Radio, and I 49 00:02:50,000 --> 00:02:53,240 start the radio show by saying, when the guy the 50 00:02:53,319 --> 00:02:55,560 universe created the world, so he didn't snap his fingers 51 00:02:55,599 --> 00:02:57,000 at wink as eye, the Lord spoke, he said, let 52 00:02:57,039 --> 00:03:00,719 there be like This guy wrote to the network, the 53 00:03:00,800 --> 00:03:03,680 radio network, and said, I'm very concerned about the words 54 00:03:03,719 --> 00:03:07,319 Todd Hermann speaks before he opens the show, and he's 55 00:03:07,360 --> 00:03:15,800 saying something. Uber Glibson, Glassma, Masma and Jonathan wrote back 56 00:03:15,840 --> 00:03:18,319 and said, thank you for the note, thank you for listening. 57 00:03:18,479 --> 00:03:20,840 I don't think that's what you're hearing. I think that's 58 00:03:20,919 --> 00:03:23,599 him tuning the radio down or the music being turned down. 59 00:03:23,759 --> 00:03:25,919 And the guy wrote back and said, no, I'm very concerned, 60 00:03:25,960 --> 00:03:28,199 and I don't think you're Todd Herman, and I'd like 61 00:03:28,199 --> 00:03:29,560 to talk to him about what he's saying. 62 00:03:30,759 --> 00:03:34,159 Speaker 5: So yeah, yeah, right, it's de luber. 63 00:03:36,759 --> 00:03:38,039 Speaker 1: I'd have to pull it back up, and I don't 64 00:03:38,039 --> 00:03:40,360 want to do that because I feel bad about contacting 65 00:03:40,400 --> 00:03:42,360 the guy because I'm gonna imagine he's probably an elderly 66 00:03:42,400 --> 00:03:44,479 man and he's very concerned. So maybe I should just 67 00:03:44,520 --> 00:03:47,400 call him and go listen, this is between you and me. 68 00:03:47,479 --> 00:03:49,159 You're the only one who knows. 69 00:03:49,719 --> 00:03:54,680 Speaker 5: You can't tell anybody. Yeah, you got to keep that 70 00:03:54,719 --> 00:03:55,120 on love. 71 00:03:55,240 --> 00:03:57,280 Speaker 1: Oh man, we're getting off on a tangent here. But 72 00:03:57,439 --> 00:03:58,800 I'll tell you this is a funny thing. And I 73 00:03:58,879 --> 00:04:02,319 was working in I don't call them stickers, but I 74 00:04:02,319 --> 00:04:07,680 worked in the pressure sensitive lab labels business, so stickers, right. 75 00:04:08,560 --> 00:04:10,960 But we did it for big companies, you know, Dole, etc. 76 00:04:11,360 --> 00:04:13,800 Big companies, beef trikey companies, and it was a big, 77 00:04:13,879 --> 00:04:17,360 big business. And I was in sales and my sales manager, Kirk, 78 00:04:17,639 --> 00:04:21,000 had this woman who was convinced that he was with 79 00:04:21,079 --> 00:04:25,040 the government and was stalking her, and so she was 80 00:04:25,079 --> 00:04:27,399 like really aggressive with him, stay away from me. I 81 00:04:27,439 --> 00:04:29,639 know you're with them, And he knew I was good 82 00:04:29,680 --> 00:04:31,439 at social engineering, so I said, is there anything you 83 00:04:31,480 --> 00:04:33,399 could do? Could I give you her number? So I 84 00:04:33,439 --> 00:04:35,680 called her and I got her on the phone and 85 00:04:35,800 --> 00:04:40,519 identified myself as I was with the CIA, and oh lord, 86 00:04:41,480 --> 00:04:44,560 and I said, listen, listen, I got to talk to you. 87 00:04:44,560 --> 00:04:46,360 You figure some things out, but you're not the target 88 00:04:47,160 --> 00:04:48,879 I'm not No, no, it's your neighbor. 89 00:04:49,680 --> 00:04:49,759 Speaker 3: No. 90 00:04:49,879 --> 00:04:52,720 Speaker 1: In fact, Kurt is designed to his assignment is to 91 00:04:52,759 --> 00:04:56,920 protect you. There are some beings there were watching, but 92 00:04:57,000 --> 00:04:59,240 I need you to act perfectly natural around Kirk, like 93 00:04:59,360 --> 00:05:02,079 nothing's going on, because I promise you're not the target. 94 00:05:02,120 --> 00:05:05,279 There are some beings we're looking. I knew it. I 95 00:05:05,360 --> 00:05:08,839 knew it. So he actually told me like I called 96 00:05:08,839 --> 00:05:10,800 her like on a Friday, and then on Monday he 97 00:05:10,839 --> 00:05:12,759 said that she was walking to her card, he's walking 98 00:05:12,800 --> 00:05:14,720 to his, and she gave him like this knowing nod, like. 99 00:05:16,399 --> 00:05:19,680 Speaker 5: Yeah, wait, good looking out buddy, good looking out right. 100 00:05:19,680 --> 00:05:21,639 Speaker 1: All right, we're going to get into some actual financial 101 00:05:21,680 --> 00:05:23,800 discussion here with Zach in his seconds. Let me run 102 00:05:23,879 --> 00:05:25,920 this by this you're going to find very very funny. 103 00:05:27,439 --> 00:05:31,519 There are people who have contacted me now about Bisible. 104 00:05:31,600 --> 00:05:34,319 You're an investor. You actually made me a learn about 105 00:05:34,319 --> 00:05:37,759 bissible go bisible dot com who went in with utter 106 00:05:37,920 --> 00:05:41,800 arrogance that they have the corporate firewall attached. I just 107 00:05:41,839 --> 00:05:43,879 had another conversation. Is just another email from a guy 108 00:05:44,000 --> 00:05:46,879 sent me a note and said, we've had a business 109 00:05:46,920 --> 00:05:49,680 for eleven years. I've heard you talk about Bisible and 110 00:05:49,759 --> 00:05:51,639 it was kind of laughing that there were business owners 111 00:05:51,680 --> 00:05:54,120 who thought they had the corporate firewall who didn't. I 112 00:05:54,160 --> 00:05:59,480 went and pulled our corporate founding papers. Lo and behold, 113 00:05:59,759 --> 00:06:03,439 my home address, home phone number, and social Security number 114 00:06:03,480 --> 00:06:06,319 appear on it, as well as my EI N. I 115 00:06:06,360 --> 00:06:08,720 assume this means I have no corporate firewall. And now 116 00:06:08,839 --> 00:06:10,639 I am going to go to bisible with egg on 117 00:06:10,680 --> 00:06:13,720 my face. I'm one of the people who went into 118 00:06:13,759 --> 00:06:17,319 this thinking I knew what I didn't know. So we're 119 00:06:17,360 --> 00:06:19,560 seeing this time and time again. And he's another guy 120 00:06:19,600 --> 00:06:21,920 where it's ps it was my tax account who sent 121 00:06:21,920 --> 00:06:24,959 this stuff up. So it's go bisible dot com. They'll 122 00:06:24,959 --> 00:06:26,839 tell you whether you have the corporate firewall or not. 123 00:06:26,879 --> 00:06:29,160 There are people who find out that they didn't when 124 00:06:29,199 --> 00:06:32,399 they thought they did. And here's the good news visible 125 00:06:32,480 --> 00:06:34,120 after they laugh at you. And they do do that, 126 00:06:34,240 --> 00:06:36,240 and that's part of the freest you know, the freedom 127 00:06:36,279 --> 00:06:40,720 obligation consultation. They go, aha, like the Simpsons, you don't 128 00:06:40,720 --> 00:06:42,399 have a corporate but then they'll fix it for you 129 00:06:42,439 --> 00:06:44,839 in seven easy steps. It's go bisible dot com with 130 00:06:44,920 --> 00:06:47,600 the Z go bisible dot com. You want to add 131 00:06:47,600 --> 00:06:48,959 anything to that and just let that go. 132 00:06:49,920 --> 00:06:54,439 Speaker 6: No, I just I'll continue to believe I when you 133 00:06:54,519 --> 00:06:57,480 look at the relatively really low cost of what they're 134 00:06:57,519 --> 00:07:00,560 doing and what it delivers to people. Yeah, it's one 135 00:07:00,600 --> 00:07:03,759 of I mean, I did it even though I paid 136 00:07:03,759 --> 00:07:05,720 for it. Yeah, I own part of the company, but 137 00:07:06,040 --> 00:07:08,480 I paid the same price everybody else does because I 138 00:07:08,519 --> 00:07:09,120 started off. 139 00:07:09,160 --> 00:07:10,600 Speaker 5: You know, I'm not going to buy a business to 140 00:07:10,720 --> 00:07:11,560 go through the process. 141 00:07:12,000 --> 00:07:14,160 Speaker 6: And it was one of those things where when you 142 00:07:14,160 --> 00:07:16,920 look at the benefit, I could not rationalize not spending 143 00:07:16,920 --> 00:07:17,399 that money. 144 00:07:17,680 --> 00:07:18,480 Speaker 5: It was not simple. 145 00:07:18,639 --> 00:07:21,959 Speaker 1: So I used to say, listen to me now or 146 00:07:21,959 --> 00:07:22,759 believe me later. 147 00:07:25,600 --> 00:07:27,399 Speaker 5: You you that's right. 148 00:07:27,480 --> 00:07:29,399 Speaker 1: Remember when the gut one guy Kevin Neeland tore his 149 00:07:29,480 --> 00:07:33,079 arm off in a deadlift and you can no longer. 150 00:07:33,879 --> 00:07:38,920 I'm here to bomp you. That was so good? All right, 151 00:07:39,040 --> 00:07:41,560 let me roll, just no transition here at all, just 152 00:07:41,600 --> 00:07:46,199 cold into the news. So here's the setup that we're 153 00:07:46,240 --> 00:07:50,439 being told President Trump is going to war. This is 154 00:07:50,439 --> 00:07:52,680 the breaking news from the ap I guess grim could 155 00:07:52,680 --> 00:07:56,519 read this. The DOJ issues subpoenas and mortgage fraud claims 156 00:07:56,519 --> 00:07:59,560 against Lisha Cook as Trump moves to a road independence. 157 00:07:59,600 --> 00:08:03,399 APCE sources say So Lisa Cook is on record three 158 00:08:03,439 --> 00:08:08,720 separate times lying about her mortgages. A citizen journalist went 159 00:08:08,800 --> 00:08:12,759 to her primary residence to find renters living there. Trump 160 00:08:12,800 --> 00:08:16,040 fired this lady, saying you can't go out committing mortgage 161 00:08:16,040 --> 00:08:18,120 fraud and be in the FED. And they're seeing this 162 00:08:18,120 --> 00:08:21,160 as an attack on the Federal Reserve's independence. And then 163 00:08:21,160 --> 00:08:23,519 I want to get into this note from this piece 164 00:08:23,560 --> 00:08:26,399 from Scott Descent in the wallstret Journal. But I want 165 00:08:26,439 --> 00:08:28,639 to ask you a serious question. I'm open to all 166 00:08:28,759 --> 00:08:31,680 responses on this. You know that I'm a big creature 167 00:08:31,680 --> 00:08:34,519 from Jeco Island guy. You know I don't like the FEDS. 168 00:08:34,559 --> 00:08:37,600 You know, I think that it's corrupt. Do you think 169 00:08:37,679 --> 00:08:41,360 the FED should have complete independence or do you think 170 00:08:41,360 --> 00:08:43,720 they should have oversights? Do you think they should roll 171 00:08:43,879 --> 00:08:46,200 up under the president? Do you think we should be 172 00:08:46,240 --> 00:08:47,480 auditing things? What do you think? 173 00:08:50,120 --> 00:08:55,120 Speaker 6: I think that the FED should have dependence as it 174 00:08:55,200 --> 00:09:00,000 relates to setting monetary policy. Independence, yes, excuse me, independence 175 00:09:00,360 --> 00:09:03,320 as it sets to me. And the reason why is 176 00:09:03,440 --> 00:09:08,720 if it doesn't, then monetary policy will become purely political. 177 00:09:08,840 --> 00:09:11,799 Speaker 5: And nobody that that's just it's not what you want. 178 00:09:12,240 --> 00:09:15,679 Speaker 6: You just don't now are there going to be times 179 00:09:16,279 --> 00:09:17,879 where it would behoove. 180 00:09:17,519 --> 00:09:19,159 Speaker 5: Us if that was the setup? Sure? 181 00:09:19,799 --> 00:09:24,080 Speaker 6: Right, but just overall, you just you really don't want that, 182 00:09:25,120 --> 00:09:28,600 you know, just take it a face value, you know. Now, 183 00:09:29,039 --> 00:09:36,240 Having said that, I find it completely appropriate that if 184 00:09:36,279 --> 00:09:38,320 you are on the FOMC or a member of the 185 00:09:38,320 --> 00:09:41,600 Federal Reserve Board or Federal Board of Governors or whatever, 186 00:09:42,759 --> 00:09:45,840 that if it is on, how can I trust you 187 00:09:46,799 --> 00:09:49,879 with the monetary policy in this country if you don't 188 00:09:49,879 --> 00:09:52,679 even adhere to mortgage lending standards and you lie on 189 00:09:52,720 --> 00:09:57,120 mortgage applications. Yeah, now, you you may make the allegation 190 00:09:57,320 --> 00:09:59,840 that Trump is taking advantage of that to try to 191 00:09:59,840 --> 00:10:03,759 get and I am sure that if Trump did not 192 00:10:03,919 --> 00:10:07,159 have an axe to grind against the FED regarding monetary policy, 193 00:10:07,559 --> 00:10:09,480 he probably would not have uncovered this. 194 00:10:10,639 --> 00:10:12,399 Speaker 5: But that does not mean that. 195 00:10:12,519 --> 00:10:15,360 Speaker 6: The woman did something that I think disqualifies her from 196 00:10:15,399 --> 00:10:19,919 public service. I like, if I can't And here's what 197 00:10:20,039 --> 00:10:22,039 makes me so irritated. 198 00:10:21,600 --> 00:10:24,320 Speaker 5: About this, Todd. I remember when I bought my. 199 00:10:24,200 --> 00:10:26,960 Speaker 6: First home in two thousand and six, and I remember 200 00:10:27,000 --> 00:10:29,559 sitting there in front of the underwriter for the mortgage 201 00:10:29,639 --> 00:10:31,960 and they go, we can get you this rate if 202 00:10:32,000 --> 00:10:34,440 you will sign and say you make this much money. 203 00:10:35,200 --> 00:10:37,480 And I told her and I said, and remember back 204 00:10:37,480 --> 00:10:39,519 then you could liar loans. Everybody's getting them. And I 205 00:10:39,519 --> 00:10:41,679 looked at her and I go, I will absolutely not 206 00:10:41,799 --> 00:10:44,759 sign that I'm making that much money. I'm not going 207 00:10:44,799 --> 00:10:48,080 to lie on an application for credit. And so people 208 00:10:48,120 --> 00:10:50,960 are like, oh, everybody was doing it. No, not everybody 209 00:10:51,080 --> 00:10:53,480 was doing it right, Not everybody's doing it. 210 00:10:53,639 --> 00:10:54,799 Speaker 5: And if you don't have. 211 00:10:54,720 --> 00:10:58,000 Speaker 6: The if I can't trust you to honestly fill out 212 00:10:58,000 --> 00:11:02,279 a mortgage application, I that you're competent to serve on 213 00:11:02,320 --> 00:11:08,360 the FOMC. But that's think about that, that's nuts. Think 214 00:11:08,399 --> 00:11:12,080 about the Think about the potential corruption that could be 215 00:11:12,120 --> 00:11:15,320 involved there. If this person's going to break the rules 216 00:11:15,360 --> 00:11:18,639 to get an extra tax deduction, you want them setting 217 00:11:18,679 --> 00:11:23,120 monetary policy. More importantly, you want everybody on Wall Street 218 00:11:23,159 --> 00:11:26,320 to know that they set monetary policy and slide an 219 00:11:26,360 --> 00:11:29,200 extra two hundred and fifty grand in their mailbox if 220 00:11:29,240 --> 00:11:30,080 they vote this way. 221 00:11:30,200 --> 00:11:31,840 Speaker 5: And I'm not saying that's happening. 222 00:11:32,080 --> 00:11:34,879 Speaker 6: But what I'm saying is when you have people in 223 00:11:34,919 --> 00:11:38,240 positions like that, they have the ability to conjure money 224 00:11:38,240 --> 00:11:42,720 out of thin air. One little loose oversight that it 225 00:11:42,840 --> 00:11:45,360 might be a good idea to have on said people 226 00:11:46,200 --> 00:11:48,200 is to make sure if they do anything untoward in 227 00:11:48,200 --> 00:11:49,759 their own financial light, they're out. 228 00:11:50,120 --> 00:11:55,720 Speaker 5: So yeah, it's it's an attack on independent. 229 00:11:55,720 --> 00:11:57,519 Speaker 6: No, it's an attack on somebody that doesn't have any 230 00:11:57,519 --> 00:11:58,440 morals or ethics. 231 00:11:58,279 --> 00:11:59,759 Speaker 5: That's what it is. Okay. 232 00:12:00,080 --> 00:12:01,600 Speaker 6: So if at the end of the day, if the 233 00:12:01,600 --> 00:12:04,840 woman played by the rules, we wouldn't be having this conversation, right, right. 234 00:12:04,840 --> 00:12:07,759 Speaker 1: And so this goes into me then to what is oversight. 235 00:12:08,320 --> 00:12:14,240 So there's independence on policy. Okay, you set the interest rates. Okay, 236 00:12:14,600 --> 00:12:17,320 we're going to give you this magical ability to conjure 237 00:12:17,360 --> 00:12:19,320 money in the form of debt that we have to 238 00:12:19,320 --> 00:12:22,360 pay you back. I don't understand it. And by the way, 239 00:12:22,440 --> 00:12:25,799 it can't be explained, as was proven by that academic 240 00:12:25,840 --> 00:12:29,080 expert on the FED. What that guy courted him and 241 00:12:29,200 --> 00:12:31,879 try to explain what they do and he couldn't. Okay, fine, fine, 242 00:12:32,960 --> 00:12:36,159 But then there's oversight like this, why can't we listen 243 00:12:36,200 --> 00:12:38,879 to every board meeting? I know we can observe some 244 00:12:38,919 --> 00:12:41,639 of them, but we don't get their emails. We can't 245 00:12:41,639 --> 00:12:44,960 do a foil request. We should just be able to 246 00:12:45,000 --> 00:12:46,720 walk into the FED and go you guys got a 247 00:12:46,759 --> 00:12:49,919 meeting at three forty five. Yeah, I'd like to join, right. 248 00:12:50,799 --> 00:12:51,440 Speaker 3: That's sight. 249 00:12:52,360 --> 00:12:54,519 Speaker 6: Yeah here, and here's the scary part about it, yeah, 250 00:12:54,639 --> 00:12:56,399 zech if you really, you really think about it, and 251 00:12:56,440 --> 00:12:58,559 this isn't the tinfoil happ but just it is what 252 00:12:58,600 --> 00:13:02,240 it is. I think that a really important question is 253 00:13:03,000 --> 00:13:06,759 why would anybody push back against oversight? And when I 254 00:13:06,759 --> 00:13:11,480 say oversight, what my I've always believed that and I 255 00:13:11,519 --> 00:13:12,039 could be wrong. 256 00:13:12,080 --> 00:13:13,639 Speaker 5: I'm not an expert on the FED, but. 257 00:13:15,080 --> 00:13:18,879 Speaker 6: I've always thought that an audit, a periodic audit by 258 00:13:19,519 --> 00:13:25,679 somebody that can shield you know, certain things, guys. I 259 00:13:25,960 --> 00:13:28,080 you know, I'm sure there are things I don't know. 260 00:13:28,639 --> 00:13:30,679 An audit of some kind I think would go a 261 00:13:30,720 --> 00:13:32,360 long way to add to transparency. 262 00:13:32,360 --> 00:13:33,440 Speaker 5: And we know now. 263 00:13:33,679 --> 00:13:35,960 Speaker 6: The thing that bothers me, though, like I said, is 264 00:13:36,200 --> 00:13:39,039 why would anybody, including the FED, push back against not it? 265 00:13:39,279 --> 00:13:41,200 Speaker 5: What is it that they don't want you to see? 266 00:13:41,679 --> 00:13:41,840 Speaker 3: Right? 267 00:13:41,879 --> 00:13:45,279 Speaker 6: And that what I am telling you is that there 268 00:13:45,320 --> 00:13:47,679 is nobody on the face of the earth that will 269 00:13:47,679 --> 00:13:50,480 convince me that the world would not be a. 270 00:13:50,440 --> 00:13:52,240 Speaker 5: Better place if they were audited. 271 00:13:52,720 --> 00:13:56,720 Speaker 6: Right, And now, does that mean that there are things 272 00:13:56,879 --> 00:14:00,519 that that will disallow them to do that they currently do, 273 00:14:00,679 --> 00:14:03,200 I'm sure, which is exactly why I want them audit 274 00:14:03,240 --> 00:14:04,519 it exactly. 275 00:14:04,600 --> 00:14:06,120 Speaker 1: And okay, so well, I'm going to get to this 276 00:14:06,200 --> 00:14:08,720 piece that Scott Pascent wrote. It's just some bullet points 277 00:14:08,720 --> 00:14:12,159 from this and we'll do this in just a quick second. 278 00:14:12,440 --> 00:14:17,639 I am right now, I'm going to count, hads, what's 279 00:14:17,639 --> 00:14:20,320 your coffee intake? How much coffee do you drink on? 280 00:14:20,440 --> 00:14:24,759 Speaker 6: Two cubs today? What two cups a day? I'm really 281 00:14:24,799 --> 00:14:26,600 sensitive to the caffeine. If i have a cup of 282 00:14:26,639 --> 00:14:30,679 coffee past two pm, I'm not getting to sleepyh Yeah, 283 00:14:30,720 --> 00:14:31,919 I know, lightweight. 284 00:14:33,639 --> 00:14:37,279 Speaker 1: So I am. Now let's see a five minute energy, 285 00:14:37,759 --> 00:14:41,519 which some people call five hour energy. And I'm gonna say, 286 00:14:41,600 --> 00:14:45,879 let's see twenty four ounces forty eight ounces of bone 287 00:14:45,879 --> 00:14:49,519 Frog coffee into the day and yeah, I know, and 288 00:14:49,600 --> 00:14:53,360 some caffeine pills. Just just three of those and then 289 00:14:53,399 --> 00:14:55,200 I'll go home and my wife and I are going 290 00:14:55,240 --> 00:14:57,960 to work out today and go visit our daughter at work. 291 00:14:58,440 --> 00:15:00,519 So I'll have another cup of coffee. Here's the thing 292 00:15:00,519 --> 00:15:03,120 I've learned about bone Frog afternoon coffee. Now hear me 293 00:15:03,200 --> 00:15:05,399 on this and I know there's gonna be people who 294 00:15:05,399 --> 00:15:09,600 are upset by this. The best blend for afternoon coffee 295 00:15:09,600 --> 00:15:13,039 from bone Frog is Golden Age. This is please don't 296 00:15:13,039 --> 00:15:16,519 dispute this, like, just trust me in this. I see 297 00:15:16,559 --> 00:15:18,679 your look in your face. I see that, Zach. Just 298 00:15:18,720 --> 00:15:21,120 try just look. You can't even drink cofee after two o'clock. 299 00:15:21,120 --> 00:15:22,519 I don't even know why you're upset. 300 00:15:22,759 --> 00:15:25,120 Speaker 5: When it comes to coffee. There's no way I'm arguing with. 301 00:15:25,080 --> 00:15:29,279 Speaker 1: You, okay, and trust me in this. And I know 302 00:15:29,320 --> 00:15:31,120 my friends who are Darey farmers are going to object 303 00:15:31,120 --> 00:15:35,879 to this. Afternoon is about oat juice. Okay, heavy cream 304 00:15:35,879 --> 00:15:37,720 in the morning, go at it all. They have a 305 00:15:37,759 --> 00:15:39,679 cream you can, but lighten it up in the afternoon, 306 00:15:40,080 --> 00:15:42,639 and it's half and half half and I say oat 307 00:15:42,639 --> 00:15:45,639 milk because it's not milk, oat juice, half coffee. And 308 00:15:45,679 --> 00:15:47,840 by the way, warm the coffee up fully, but then 309 00:15:47,960 --> 00:15:51,279 have that half a cup of oat juice in there, 310 00:15:51,679 --> 00:15:54,320 and then a dash And just trust me in this. 311 00:15:54,440 --> 00:15:57,000 You're gonna think this is very weird. A dash of 312 00:15:57,039 --> 00:15:58,759 cinnamon with the Golden Age. 313 00:15:59,480 --> 00:15:59,720 Speaker 3: I know. 314 00:16:00,039 --> 00:16:01,519 Speaker 1: I saw you look in your face, Alex, and this 315 00:16:01,600 --> 00:16:03,720 is like an afternoon dessert that will pick you up, 316 00:16:03,799 --> 00:16:07,320 but it won't geek you out. It lifts you and 317 00:16:07,360 --> 00:16:10,320 then sends you gently to sleep at about eight o'clock 318 00:16:10,759 --> 00:16:12,840 and then you don't have the caffeine dreams. This is 319 00:16:12,919 --> 00:16:15,440 just this approven fact the science has settled. Go to 320 00:16:15,480 --> 00:16:18,120 Bonefrog Coffee dot com slash Todd by the Golden Age bag, 321 00:16:18,159 --> 00:16:20,159 which honors what President Trump has driven to you to 322 00:16:20,200 --> 00:16:24,480 the economy by broadsiding and destroying the Federal Reserve. And 323 00:16:24,519 --> 00:16:26,399 of course it says God Country team on It's it's 324 00:16:26,399 --> 00:16:29,000 Bonefrog Coffee dot com slash Todd promo code Todd at 325 00:16:29,120 --> 00:16:32,600 checkout fifteen percent of subscription coffee. And don't tell anybody 326 00:16:32,639 --> 00:16:34,720 I gave you the afternoon tip. And if you're Jerry Farmer, no, 327 00:16:34,879 --> 00:16:37,159 I love the heavy cream. It's just about the afternoons. 328 00:16:37,679 --> 00:16:40,279 So zach some bullet points here, stop me when there's 329 00:16:40,320 --> 00:16:44,759 something insane. From Scott Bessent. Successive interventions by the Federal 330 00:16:44,759 --> 00:16:47,240 Reserve during and after the financial crisis of two thousand 331 00:16:47,279 --> 00:16:49,679 and eight created what amounted to a de facto backstop 332 00:16:49,720 --> 00:16:53,480 for asset owners disinformation. No, you're nodding, okay, we're good 333 00:16:53,480 --> 00:16:58,159 on that Yep. This harmful cycle concentrated national wealth among 334 00:16:58,200 --> 00:17:02,679 those who already owned assets chapter percent. Okay, yep. Homeowners 335 00:17:02,679 --> 00:17:06,720 saw their property values sore, largely insulated by fixed rate mortgages. Meanwhile, 336 00:17:06,720 --> 00:17:09,279 younger and less affluent households, shut out of ownership and 337 00:17:09,359 --> 00:17:13,640 hit hardest by inflation, missed out yep. Okay. By failing 338 00:17:13,680 --> 00:17:16,279 to deliver on its inflation mandate, the Fed allowed class 339 00:17:16,359 --> 00:17:21,680 and generational disparities to widen. Yep, true statements. Expanded powers 340 00:17:21,680 --> 00:17:23,839 have fostered a culture in Washington that relies on the 341 00:17:23,839 --> 00:17:26,240 Fed to bail out. I love this. Bail out the 342 00:17:26,240 --> 00:17:30,200 government after four poor fiscal choices. Instead of accountability, presidents 343 00:17:30,200 --> 00:17:36,400 in Congress have expected intervention when their policies falter. Anything 344 00:17:36,559 --> 00:17:37,799 in there insane or wrong. 345 00:17:39,279 --> 00:17:41,839 Speaker 5: There's nothing in there. There's not one hundred percent accurate. Okay. 346 00:17:42,039 --> 00:17:44,200 Speaker 1: So let's go back through this and explain it to 347 00:17:44,279 --> 00:17:48,240 me like a like I'm a tiny little child, Papa Zach. 348 00:17:48,839 --> 00:17:52,599 What's it mean to backstop asset owners, Papa Zach. 349 00:17:53,480 --> 00:17:55,240 Speaker 5: So here's the best way to explain it. 350 00:17:55,960 --> 00:17:58,640 Speaker 6: We all remember O eight to nine really well, right, 351 00:17:59,000 --> 00:18:01,200 And there were a lot of us that remember eighth 352 00:18:01,319 --> 00:18:03,519 nine and let's think about like kind of the back 353 00:18:03,599 --> 00:18:07,680 half of nine the beginning of twenty ten. You didn't 354 00:18:07,759 --> 00:18:11,799 have to be a real estate like magnate to understand 355 00:18:11,799 --> 00:18:13,920 that there were really good purchase prices out there. 356 00:18:14,000 --> 00:18:14,119 Speaker 3: Right. 357 00:18:15,039 --> 00:18:20,160 Speaker 6: The issue was nobody could get alone, right, and nobody 358 00:18:20,160 --> 00:18:22,880 could get a loan because the banks were terrified and 359 00:18:22,960 --> 00:18:24,519 the increased lending standards. 360 00:18:24,880 --> 00:18:26,519 Speaker 5: But do you know who could get alone? 361 00:18:27,720 --> 00:18:31,400 Speaker 6: The big banks, right, the Berkshire Hathaways of the world, 362 00:18:31,480 --> 00:18:32,599 the black Rocks of the world. 363 00:18:32,680 --> 00:18:33,559 Speaker 5: So what did they do? 364 00:18:34,359 --> 00:18:34,559 Speaker 3: Right? 365 00:18:34,920 --> 00:18:39,039 Speaker 5: We lowered rates to zero to encourage. 366 00:18:38,599 --> 00:18:42,319 Speaker 6: Lending, but the only people that could borrow were people 367 00:18:42,359 --> 00:18:45,440 that had balance sheets, that were that were that were 368 00:18:46,000 --> 00:18:49,279 you know, to the point where the banks felt comfortable 369 00:18:49,319 --> 00:18:50,359 to lending to them. 370 00:18:51,079 --> 00:18:52,640 Speaker 5: So what did that end up doing? 371 00:18:52,960 --> 00:18:58,039 Speaker 6: It was billionaires, it was hedge funds, it was investment banks. 372 00:18:58,680 --> 00:19:02,640 So you go lower rates, so we have a collapse. 373 00:19:02,880 --> 00:19:07,279 It carves fifty percent off the price of homes. Right, 374 00:19:08,000 --> 00:19:12,519 and then because you tighten lending standards and rate and 375 00:19:12,599 --> 00:19:16,079 drop interest rates to zero at the same time, the 376 00:19:16,119 --> 00:19:18,960 only people that can take advantage of that are people 377 00:19:19,000 --> 00:19:23,920 that don't need it, and so Berkshire Hathaway steps in 378 00:19:23,960 --> 00:19:27,480 and buys up block city blocks. Meanwhile, they're pressing the 379 00:19:27,519 --> 00:19:29,160 price of housing back up. 380 00:19:29,279 --> 00:19:30,079 Speaker 5: Right. 381 00:19:30,160 --> 00:19:33,680 Speaker 6: So by the time, now, remember if you're unfortunately one 382 00:19:33,720 --> 00:19:37,359 of those guys who was being responsible bought a house 383 00:19:37,359 --> 00:19:39,680 circa two thousand and four to two thousand and five. 384 00:19:40,119 --> 00:19:41,680 Speaker 5: Let's say you do drywall. 385 00:19:41,759 --> 00:19:45,640 Speaker 6: You didn't overextend yourself, Okay, but then the industry goes 386 00:19:45,680 --> 00:19:48,480 to a crashing halt. Right, You've got no work, you 387 00:19:48,519 --> 00:19:51,920 can't make your mortgage payment, you default on your mortgage. 388 00:19:52,079 --> 00:19:55,519 Now you can't borrow for another seven years. You're frozen out. 389 00:19:55,519 --> 00:19:56,440 It's like a bankruptcy. 390 00:19:56,799 --> 00:20:00,559 Speaker 5: Okay. So by the time, that guy's credit had nothing 391 00:20:00,599 --> 00:20:02,079 to do with it, right, he had nothing to do. 392 00:20:02,359 --> 00:20:05,279 Speaker 6: He wasn't issuing bad loans, he wasn't doing you know, 393 00:20:05,440 --> 00:20:10,000 credit default swaps like you know AIG was doing. The 394 00:20:10,119 --> 00:20:12,680 guy enough, dude, he's doing drywall. As a matter of fact, 395 00:20:12,680 --> 00:20:14,640 he even put thirty percent down on his house. 396 00:20:14,880 --> 00:20:15,880 Speaker 5: He paid his truck off. 397 00:20:15,920 --> 00:20:20,279 Speaker 6: He's doing things responsibly, right. But now because the economy crashes, 398 00:20:20,319 --> 00:20:23,440 he's got no job. They fore clothes on him and 399 00:20:23,559 --> 00:20:26,400 he can't borrow again for seven years. So by the 400 00:20:26,480 --> 00:20:29,319 time he gets back to being able to borrow, he's 401 00:20:29,319 --> 00:20:31,960 got to buy his same house back for fifteen percent 402 00:20:32,000 --> 00:20:32,480 more than he. 403 00:20:32,440 --> 00:20:33,440 Speaker 5: Originally paid for it. 404 00:20:34,319 --> 00:20:37,000 Speaker 6: Right, Meanwhile, all the billionaires can go in there and 405 00:20:37,039 --> 00:20:39,920 take advantage of zero percent rates and pick up all 406 00:20:39,960 --> 00:20:43,160 these houses for fifty cents on a dollar, and they 407 00:20:43,279 --> 00:20:45,200 never stopped to think about it. And at the time, 408 00:20:45,319 --> 00:20:48,920 guys like me were raging saying, you're not gonna benefit 409 00:20:48,960 --> 00:20:51,480 the economy at all. All you're gonna do is push 410 00:20:51,559 --> 00:20:55,200 up asset prices. And why did we say that, because 411 00:20:55,359 --> 00:20:59,519 all you were incentivizing was financial transactions. If the Fed's 412 00:20:59,559 --> 00:21:03,960 gonna give meet zero percent money, I can manufacture profits. 413 00:21:04,279 --> 00:21:08,079 If I can manufacture profits in an uncertain economic environment, 414 00:21:08,400 --> 00:21:10,960 why would I actually go out and take the risk 415 00:21:11,039 --> 00:21:13,000 that's involved with real investment? 416 00:21:13,519 --> 00:21:13,720 Speaker 3: Right? 417 00:21:13,880 --> 00:21:15,799 Speaker 6: Why would I go out and build a new factory. 418 00:21:15,839 --> 00:21:18,480 I wouldn't because there's risk involved with that. But if 419 00:21:18,519 --> 00:21:20,400 you're going to loan me money at zero percent and 420 00:21:20,480 --> 00:21:22,720 I can turn around buy treasuries paying two and a half, 421 00:21:23,119 --> 00:21:25,480 I can manufacture profits. 422 00:21:25,799 --> 00:21:27,599 Speaker 5: Right. I can go out and buy these. 423 00:21:27,440 --> 00:21:31,319 Speaker 6: Houses for artificially low rates at fifty cents on the 424 00:21:31,359 --> 00:21:34,000 dollar and rent them out at two times of my 425 00:21:34,119 --> 00:21:38,039 carry cost right, but I couldn't do that. You and 426 00:21:38,079 --> 00:21:39,920 I couldn't do that back then because they wouldn't have 427 00:21:39,960 --> 00:21:40,599 lended to us. 428 00:21:41,279 --> 00:21:45,559 Speaker 1: Okay, So here's the image of my mind. Okay, Zach, 429 00:21:45,599 --> 00:21:48,880 this is the image of my mind. The Federal Reserve, 430 00:21:49,200 --> 00:21:52,160 regulators and bosses make this decision. We're going to simulate 431 00:21:52,200 --> 00:21:54,720 the economy. Got to get people buying houses. Got to 432 00:21:54,720 --> 00:21:58,039 make this happen. Okay, zero interest rate. I can hear 433 00:21:58,079 --> 00:22:01,039 this discussion. That's an extraordinary measure. You know what extraordinary 434 00:22:01,079 --> 00:22:03,440 times call for extraordinary measures. We need to make brave 435 00:22:03,480 --> 00:22:05,039 decisions on behalf of the American people. 436 00:22:05,079 --> 00:22:05,279 Speaker 5: Here. 437 00:22:05,480 --> 00:22:07,400 Speaker 1: We're gonna do this thing. We're gonna make it. They 438 00:22:07,400 --> 00:22:09,400 go back in the President's like I love this. Okay, 439 00:22:09,400 --> 00:22:12,440 we're gonna drive house. And then it starts to happen. Look, look, 440 00:22:12,559 --> 00:22:15,720 house sales are up. Whoa. And then they sit down 441 00:22:15,720 --> 00:22:17,799 and they have a meeting. Who's buying the houses? Berkshire, 442 00:22:17,799 --> 00:22:22,240 Hathaway and the Federal Reserve. If they were honest, people 443 00:22:22,240 --> 00:22:25,680 would look at like, ah, didn't think of that. It's right, 444 00:22:25,880 --> 00:22:28,920 we can't people can't get loans. Okay, let that didn't work. 445 00:22:29,000 --> 00:22:33,759 Let's stop. But Instead, here's what I see. A dinner 446 00:22:33,799 --> 00:22:36,119 party on the weekend at the Hamptons. Some jets find 447 00:22:36,160 --> 00:22:41,000 the town, they sit down in the beach house. You 448 00:22:41,000 --> 00:22:42,920 know the thing you did with zero inches right loans 449 00:22:42,960 --> 00:22:46,759 that is really helping. Really, there's lots of transactions. Let 450 00:22:46,759 --> 00:22:48,640 me show you some of the transaction flow. Here we 451 00:22:48,680 --> 00:22:52,720 are moving units and okay, so I'm let me get 452 00:22:52,720 --> 00:22:54,839 to the one last step insidantly, does your kids still 453 00:22:54,839 --> 00:22:59,759 need a job because there's a consulting opportunity? 454 00:23:00,480 --> 00:23:03,799 Speaker 6: Okay, so you're not being facetious. That's literally exactly how 455 00:23:03,839 --> 00:23:06,640 it happened. And that's literally where the FED was getting 456 00:23:06,640 --> 00:23:09,559 their data feedback. They're listening to Wall Street telling them, hey, 457 00:23:09,640 --> 00:23:12,359 great job. And then if you listen to Bernanky, he's 458 00:23:12,400 --> 00:23:15,440 even talked about this and Jay Powells mentioned it before 459 00:23:15,720 --> 00:23:18,519 where they sat there and said they've admitted we started 460 00:23:18,559 --> 00:23:22,240 realizing around thirteen or fourteen that all we were doing. 461 00:23:22,039 --> 00:23:23,480 Speaker 5: Is ginning up asset prices. 462 00:23:23,680 --> 00:23:26,200 Speaker 6: And meanwhile, guys like me are sitting there going We've 463 00:23:26,240 --> 00:23:28,759 been telling you for that for five years, because it 464 00:23:28,839 --> 00:23:31,359 does because when you play games with that, all you're 465 00:23:31,400 --> 00:23:33,720 doing is messing around with the denominator you're not really 466 00:23:33,799 --> 00:23:35,559 changing anything, right. 467 00:23:35,720 --> 00:23:37,640 Speaker 5: And think about what you do own. 468 00:23:37,720 --> 00:23:42,400 Speaker 6: By the way, right, we had sweeping underwriting standard changes, 469 00:23:43,039 --> 00:23:45,920 so think about that. So we go in there, over 470 00:23:45,960 --> 00:23:49,519 the same period of time economic crash, housing down fifty percent, 471 00:23:49,880 --> 00:23:53,839 you go in there, start quantitative easing, artificially suppress interest 472 00:23:53,880 --> 00:23:58,799 rates to zero, and at the same time titan credit standards. Okay, 473 00:23:58,920 --> 00:24:02,799 so I want to, hey, I put that in my book. 474 00:24:03,079 --> 00:24:05,839 If I want to make billionaires multi billionaires? 475 00:24:05,880 --> 00:24:07,000 Speaker 5: What do I do do that? 476 00:24:07,720 --> 00:24:09,359 Speaker 1: It just goes right back to this thing A friend 477 00:24:09,359 --> 00:24:11,200 of mine taught me back in the Silicon Valid days, 478 00:24:11,160 --> 00:24:13,519 and I was just raising money out of there. Lose 479 00:24:13,680 --> 00:24:16,960 money on every unit, but make it up and volume. Right, 480 00:24:17,319 --> 00:24:19,240 that's one of the great So I'm going to share 481 00:24:19,279 --> 00:24:22,440 a suggestion with you and how to fix this. Okay, crazy, 482 00:24:22,480 --> 00:24:25,119 crazy suggestion, And then we need to get to you 483 00:24:25,160 --> 00:24:27,960 want to talk about insane decision making by government. This 484 00:24:28,000 --> 00:24:29,960 comes out of Portland, Maine, and we'll talk about this 485 00:24:30,000 --> 00:24:33,799 in just a second. We had our conference callers say 486 00:24:33,839 --> 00:24:37,799 free live webinar with renewed healthcare. What an extraordinary thing. 487 00:24:37,839 --> 00:24:39,960 This is really cool for me, This is so cool. 488 00:24:40,799 --> 00:24:42,720 Prior to this, I got a note from my friend 489 00:24:42,799 --> 00:24:45,839 Brent and he was down in Port of Arta and 490 00:24:45,920 --> 00:24:49,200 he his wife went down and I get this incredible note. 491 00:24:49,799 --> 00:24:52,119 So I don't want to identify Brent. I just said 492 00:24:52,160 --> 00:24:53,680 his name, but I'll tell you this, Zach. He was 493 00:24:53,680 --> 00:24:59,400 a professional athlete who utterly destroyed his body. Okay, And 494 00:24:59,440 --> 00:25:01,960 he'll tell you the first to tell you. Literally. This 495 00:25:02,039 --> 00:25:05,799 man is three inches shorter than he used to be 496 00:25:05,799 --> 00:25:08,519 because of the sport he engaged in, and his body 497 00:25:08,559 --> 00:25:12,400 is so compressed that he's he's a little bit older 498 00:25:12,400 --> 00:25:18,160 than me, two years and broken deadlifts sumo deadlifts seven 499 00:25:18,279 --> 00:25:21,440 hundred and forty five pounds. So he goes down to 500 00:25:21,480 --> 00:25:23,799 Renew and he sends me note and says, one of 501 00:25:23,799 --> 00:25:26,559 the biggest fans you have here for Wyoming is here 502 00:25:26,640 --> 00:25:28,559 right now. I couldn't believe he went to high school together. 503 00:25:29,240 --> 00:25:31,720 This is this is part of the family Renew. So 504 00:25:31,839 --> 00:25:35,279 understand something I've known brand since I was a junior, 505 00:25:35,359 --> 00:25:38,960 no sophomore high school, and that I will send him 506 00:25:39,000 --> 00:25:41,559 to Renew knowing what he did to his body, knowing 507 00:25:41,559 --> 00:25:43,400 what he put his body through. It man, his body, 508 00:25:43,519 --> 00:25:44,920 and he'll be the first to tell you it got 509 00:25:44,960 --> 00:25:47,279 trashed that. I will send him down. I will send 510 00:25:47,400 --> 00:25:49,519 Zach down. I will go down with Zach. I will 511 00:25:49,519 --> 00:25:51,119 sit with Zach what he does this. I'll send my 512 00:25:51,279 --> 00:25:55,039 life group leaders down there. I'm sending a family member down. 513 00:25:55,640 --> 00:25:58,119 In this conference call we had yesterday, I learned things. 514 00:25:58,200 --> 00:25:59,680 We're gonna set up another one of these free live 515 00:25:59,680 --> 00:26:02,160 webmon ours and one of the people won a free 516 00:26:02,160 --> 00:26:04,160 week stay at Hotel Meal. We're gonna set this up 517 00:26:04,200 --> 00:26:06,559 again because that's the in the web of art. So 518 00:26:06,640 --> 00:26:09,640 just just just listen to me now or believe me later. 519 00:26:10,119 --> 00:26:14,680 If you're dealing with neurological issues, ed hairline issues, because 520 00:26:14,759 --> 00:26:17,839 these stem cells can solve mail pattern baldness by bringing 521 00:26:17,880 --> 00:26:20,759 your scalp back to life instead of getting the plugs. 522 00:26:21,839 --> 00:26:29,400 Things like grip arthritis, neurological issues, movement issues, intestinal issues, milecarditis, paracarditis. 523 00:26:29,759 --> 00:26:33,000 Pause before you believe the American healthcare industry and go 524 00:26:33,079 --> 00:26:35,400 to renew dot Healthcare. It's our e n u e 525 00:26:35,880 --> 00:26:37,839 dot Healthcare telling me you're part of the Todd Hermanshaw 526 00:26:37,880 --> 00:26:41,000 family and they'll take super good care of you. Renew 527 00:26:41,319 --> 00:26:44,319 r e n ue dot Healthcare. So, Zach, here's an 528 00:26:44,319 --> 00:26:47,559 idea why don't we let people like this? Guy writes 529 00:26:47,599 --> 00:26:50,400 a note on I think this is this is Reddit. 530 00:26:51,480 --> 00:26:53,319 Here writes I'm twenty eight. I'm on the border of 531 00:26:53,359 --> 00:26:55,519 gen Z and Millennium. I make decent money, but I 532 00:26:55,559 --> 00:26:57,920 got paid less than older workers in my office, even 533 00:26:57,960 --> 00:27:00,640 though we do the same job. With rent and student loans, 534 00:27:00,720 --> 00:27:03,119 is barely enough to stay afloat and very difficult to save. 535 00:27:03,240 --> 00:27:04,960 I live in Philly, where the cost of living is 536 00:27:05,000 --> 00:27:07,400 growing rapidly, and all I spent and I spend my 537 00:27:07,440 --> 00:27:10,160 time working. It makes it nearly impossible to give my 538 00:27:10,200 --> 00:27:12,640 girlfriend the attention she deserves, and she's always working too. 539 00:27:12,720 --> 00:27:14,200 When we realize that we might not be able to 540 00:27:14,240 --> 00:27:17,119 afford to have a baby, my parents didn't save for retirement, 541 00:27:17,160 --> 00:27:19,039 so we have to consider their old age as well. 542 00:27:19,400 --> 00:27:21,359 I didn't imagine our lives like this. I'm not against 543 00:27:21,400 --> 00:27:23,359 hard work at all, but it doesn't pay off. We're 544 00:27:23,400 --> 00:27:25,359 just managing our debt. At this point, home ownership and 545 00:27:25,400 --> 00:27:27,519 having a baby seems like a distant dream. So here's 546 00:27:27,559 --> 00:27:31,519 my suggestion. Why don't we let people come into house 547 00:27:31,599 --> 00:27:35,880 loans and buy the interest rate down in reverse? Okay, 548 00:27:35,960 --> 00:27:38,359 so here's what I'm saying, your high risk. Okay, so 549 00:27:38,359 --> 00:27:40,359 we're going to give you a high risk loan, but 550 00:27:40,440 --> 00:27:44,480 with every successive payment, your interest rate rolls down and reverse, 551 00:27:44,519 --> 00:27:46,920 so we're almost saving money for you on the back end. 552 00:27:47,359 --> 00:27:49,960 So you have a successful year of payments. You didn't 553 00:27:49,960 --> 00:27:55,240 miss any boom bubble to principle only another year boom 554 00:27:55,359 --> 00:27:58,519 bubble to principle only, So your thirty year became fifteen 555 00:27:58,559 --> 00:28:01,359 because you behaved. Well, what would do you think about 556 00:28:01,400 --> 00:28:04,000 something like that that's incentive driven that people can see 557 00:28:04,039 --> 00:28:05,839 the points they're building up, like when you were a kid. 558 00:28:05,839 --> 00:28:07,240 I don't know if you had the chart on the 559 00:28:07,279 --> 00:28:10,160 fridge where you're building up points because you did your chores, 560 00:28:10,160 --> 00:28:12,480 et cetera, so you could see, like in your case 561 00:28:12,519 --> 00:28:15,039 where you got to buy the new Excel spreadsheet when 562 00:28:15,039 --> 00:28:17,319 you were a kid, and you were excited about that, 563 00:28:17,480 --> 00:28:19,359 and you know, the new calculator and stuff, and in 564 00:28:19,359 --> 00:28:20,559 my case, I got gumballs. 565 00:28:23,119 --> 00:28:27,799 Speaker 6: Hey, look, I would not be opposed to that if 566 00:28:27,839 --> 00:28:32,039 it was paired with something that also mandated a certain 567 00:28:32,160 --> 00:28:35,119 level of investment that so many of these big companies 568 00:28:35,160 --> 00:28:39,720 have done. Because here's the problem. Okay, we keep addressing 569 00:28:39,799 --> 00:28:44,039 these issues, and if we pass legislation alone, Like you 570 00:28:44,119 --> 00:28:46,799 just said, yeah, you just made more money for those 571 00:28:46,799 --> 00:28:48,960 billionaires than those people that bought up all the houses 572 00:28:48,960 --> 00:28:52,319 in the first place, because it makes housing more affordable, 573 00:28:52,359 --> 00:28:54,920 which makes the purchase price of housing go up. And 574 00:28:55,079 --> 00:28:57,880 everybody forgets about that. They go, housing's too expensive. Bring 575 00:28:57,960 --> 00:28:59,279 rates down. And I look at them, and I go, 576 00:28:59,480 --> 00:29:01,319 if you bring rates down right now, the price of 577 00:29:01,359 --> 00:29:02,599 housing is going to pop back up. 578 00:29:04,720 --> 00:29:09,759 Speaker 5: Right, So like it's it's so no. But because of 579 00:29:09,799 --> 00:29:10,440 this mess. 580 00:29:10,480 --> 00:29:14,119 Speaker 6: Now, the flip side is we're living in this Frankenstein 581 00:29:14,200 --> 00:29:17,240 economy that the federal Reserve and an overspending government has created. 582 00:29:17,319 --> 00:29:20,240 Speaker 1: Right, and so can Orange Man. 583 00:29:21,000 --> 00:29:23,039 Speaker 5: Well yeah, yeah, I mean, of course he's the problem. 584 00:29:23,079 --> 00:29:24,960 He's all of these genesis small of our problems. 585 00:29:25,319 --> 00:29:27,920 Speaker 6: But but for for these for these millennial kids that 586 00:29:27,920 --> 00:29:29,480 have had nothing to do with it, right, they're just 587 00:29:29,519 --> 00:29:31,119 living in this world and they're dealing with it. 588 00:29:31,200 --> 00:29:31,400 Speaker 3: Yeah. 589 00:29:31,599 --> 00:29:33,759 Speaker 6: I think that you can do something like that, and 590 00:29:33,839 --> 00:29:36,240 I love that incentive for them paying things on time. 591 00:29:36,519 --> 00:29:38,480 But I think that if you do that, you've got 592 00:29:38,480 --> 00:29:42,279 to do that. For instance, I do not think that 593 00:29:42,839 --> 00:29:46,480 corporations like there needs to be some type of restriction 594 00:29:46,720 --> 00:29:48,920 on the ability to go in and buy up that 595 00:29:49,039 --> 00:29:54,720 amount of retail house there there has to be And. 596 00:29:55,359 --> 00:29:57,319 Speaker 1: Okay, would this be anti freedom to go back to 597 00:29:57,359 --> 00:30:00,640 those times to say, hey, look, sorry, but if you 598 00:30:00,680 --> 00:30:03,240 bought up houses using zero interest rate loans and your 599 00:30:03,240 --> 00:30:05,960 Berkshire Hathaway and your black Rock and you didn't need 600 00:30:06,000 --> 00:30:08,920 those loans. Is that what you're saying by forced investment? 601 00:30:09,920 --> 00:30:14,880 Speaker 6: Yeah, because what you've got is you have an unfair marketplace. Yeah, okay, 602 00:30:14,880 --> 00:30:18,119 you cannot have a marketplace. And here's my issue with it. 603 00:30:18,880 --> 00:30:23,319 So many of those financial institutions received billion dollar bailouts 604 00:30:23,480 --> 00:30:26,279 in Wall Street, right or during the eight to nine 605 00:30:26,359 --> 00:30:30,519 financial collapse. So literally, what like think about that? If 606 00:30:30,599 --> 00:30:34,119 you're too big to fail, thus making you in line 607 00:30:34,200 --> 00:30:37,279 to receive billions of dollars of bailouts, when the average 608 00:30:37,279 --> 00:30:39,400 guy at home didn't get bailed out anything and lost 609 00:30:39,400 --> 00:30:42,119 his house, you can't then take that money and go 610 00:30:42,240 --> 00:30:47,279 bid up a residential market, right, Meaning the whole point 611 00:30:47,319 --> 00:30:49,759 of having free market is that nobody has an advantage 612 00:30:49,799 --> 00:30:53,279 over somebody else. Well, you do, because if you get overextended, 613 00:30:53,319 --> 00:30:56,559 the government bails you out. Meanwhile, you can also access 614 00:30:56,640 --> 00:31:00,200 zero percent money. We can't, right, so there's all these caveats, 615 00:31:00,319 --> 00:31:03,319 and it's insanity. You cannot let people go into a 616 00:31:03,359 --> 00:31:07,440 residential mored right, the whole the whole industry is governed 617 00:31:07,480 --> 00:31:11,440 by the economics that that that control or involve all 618 00:31:11,480 --> 00:31:13,680 of us, right, all retail people, all people that don't. 619 00:31:13,920 --> 00:31:16,799 And then you're going to allow an institution that jumps 620 00:31:16,799 --> 00:31:19,720 in there and plays by completely different rules. It's just 621 00:31:19,799 --> 00:31:25,640 asonine and and and yeah, it's it's just incredibly unfair, 622 00:31:27,000 --> 00:31:32,000 and everybody looks the other way because nobody cries about 623 00:31:32,039 --> 00:31:34,640 any of these things when it makes things go up 624 00:31:34,680 --> 00:31:39,559 in price, right, Yeah, like that's that's really why it happens. 625 00:31:39,279 --> 00:31:42,559 Speaker 1: Okay, is because we'd be doing to make good on 626 00:31:42,559 --> 00:31:45,920 one of the big, big con jobs in history. So 627 00:31:46,160 --> 00:31:48,559 here's how I could I could rationalize this and be 628 00:31:48,680 --> 00:31:52,359 pro freedom and not stealing. Is we go to the 629 00:31:52,400 --> 00:31:54,960 industry and we say, okay, here's the deal. You can 630 00:31:55,039 --> 00:31:58,000 unload these assets, or you can take a bunch of money, 631 00:31:58,119 --> 00:32:02,400 scoop it back out, give it to us to help 632 00:32:02,440 --> 00:32:05,839 lower housing costs for others. I actually like the idea. 633 00:32:05,839 --> 00:32:07,599 If you're gonna need to unload these assets, and I 634 00:32:07,640 --> 00:32:10,799 totally love the idea of a cap on this house 635 00:32:11,200 --> 00:32:15,480 on buying up retail houses. Love that idea because it's destroying. 636 00:32:15,559 --> 00:32:17,559 It's not free markets. And they have these fixed things. 637 00:32:17,680 --> 00:32:19,200 I heard an ad this morning, and I hear these 638 00:32:19,200 --> 00:32:21,000 from time to time. Now there's a bunch of companies 639 00:32:21,200 --> 00:32:23,519 and they always try to be really folksy. And I 640 00:32:23,559 --> 00:32:25,960 heard this on Christian Marada this morning. My name is Eric, 641 00:32:26,000 --> 00:32:27,720 and I buy houses that are in distress. If you 642 00:32:27,799 --> 00:32:30,359 want a full price offer on your house today, with 643 00:32:30,440 --> 00:32:33,400 no haggling, no discussion, we'll pay you cash for a 644 00:32:33,440 --> 00:32:38,000 house today, as is I buy houses from anyone distressed renters. 645 00:32:38,000 --> 00:32:39,799 We do that all. Just give me a call. My 646 00:32:39,920 --> 00:32:43,000 name is Eric. Here's my phone number, and then you 647 00:32:43,039 --> 00:32:47,319 know if you're called, Hey, can I talk to Eric. Ah, 648 00:32:47,359 --> 00:32:50,519 he's not in I don't know this this Eric. You know, 649 00:32:51,720 --> 00:32:54,079 I don't know. Listen, this is Eric. But you don't 650 00:32:54,119 --> 00:32:55,880 sound like Eric. Oh no, I'm veryly a bunch Eric 651 00:32:55,880 --> 00:33:00,240 thinking and they're posing. So I know that they're these 652 00:33:00,279 --> 00:33:02,720 big companies posting this way. So I just want to 653 00:33:02,759 --> 00:33:05,160 be cloning your proposal. We go to these companies and 654 00:33:05,200 --> 00:33:07,920 say you're going to divest to this housing and we're 655 00:33:07,920 --> 00:33:09,960 going to make sure you can't buy any more than 656 00:33:09,960 --> 00:33:12,559 this percentage of the houses. And you think that frees 657 00:33:12,640 --> 00:33:14,440 up the housing market and makes it more fair. 658 00:33:15,480 --> 00:33:19,680 Speaker 6: Yeah, so, and here and this is how you'd want 659 00:33:19,680 --> 00:33:22,119 to go about doing it. You'd sit there and say, 660 00:33:22,720 --> 00:33:28,759 any institution or any non natural person that meets this criteria, 661 00:33:28,920 --> 00:33:32,480 i e. Are you a member bank of the Federal Reserve, 662 00:33:32,599 --> 00:33:34,680 Which if you're a member bank of the Federal Reserve, 663 00:33:34,680 --> 00:33:37,279 you're inherently backed up by the Federal Reserve. You should 664 00:33:37,279 --> 00:33:40,359 not be competing in a market against the typical US 665 00:33:40,440 --> 00:33:40,880 home buyer. 666 00:33:41,200 --> 00:33:42,519 Speaker 5: That's not fair, got it right. 667 00:33:43,039 --> 00:33:47,519 Speaker 6: So I'm not saying you can't own more houses or 668 00:33:47,559 --> 00:33:51,440 any you know, arcane super controlling. But bottom line, if 669 00:33:51,480 --> 00:33:55,079 you are associated with or part of on this institution 670 00:33:55,640 --> 00:33:59,519 it is a Federal Reserve bank member, or you own 671 00:34:00,640 --> 00:34:03,519 or you're a broker dealer, or anyway anything that would 672 00:34:03,599 --> 00:34:06,680 give you access to capital at a discount to retail, 673 00:34:06,960 --> 00:34:09,480 then you shouldn't be allowed to own, you know, over 674 00:34:09,519 --> 00:34:13,360 a certain amount whatever that wherever you put that limit. 675 00:34:13,599 --> 00:34:17,239 And then I think that doing some type of Fannie 676 00:34:17,280 --> 00:34:21,960 may federally backed type of loan for people that fit 677 00:34:22,039 --> 00:34:26,000 in that sub sect of of you know that twenty 678 00:34:26,000 --> 00:34:29,079 five to thirty five year old range. I love the 679 00:34:29,119 --> 00:34:32,440 idea of something of rewarding them for making payments. Yeah, 680 00:34:32,639 --> 00:34:35,559 maybe doing maybe doing a program that allows them to 681 00:34:35,679 --> 00:34:40,320 roll their student loans into the loan and consolidate and 682 00:34:40,360 --> 00:34:43,239 make both a combined lower amount something. 683 00:34:43,599 --> 00:34:46,480 Speaker 5: Because it and here's and here's the other part of it. 684 00:34:46,519 --> 00:34:48,719 Speaker 6: I've said this before, and some of I've ticked off 685 00:34:48,719 --> 00:34:51,079 some of my clients. And I don't mean this because 686 00:34:51,159 --> 00:34:53,320 it's not the people that listen to this show that 687 00:34:53,360 --> 00:34:58,320 I'm talking about. But the baby boom generation has really 688 00:34:58,400 --> 00:35:01,480 done a lot of things that the direct cost of 689 00:35:01,519 --> 00:35:05,679 the younger generations. Right, everything has been about bailouts, everything 690 00:35:05,719 --> 00:35:07,440 has been about suspending prices. 691 00:35:07,639 --> 00:35:08,440 Speaker 5: But think about it. 692 00:35:08,519 --> 00:35:10,800 Speaker 6: Nobody ever thinks about what you know what One of 693 00:35:10,840 --> 00:35:12,360 the benefits of a recession is. 694 00:35:13,280 --> 00:35:14,280 Speaker 5: Prices go down. 695 00:35:14,320 --> 00:35:18,360 Speaker 6: Yeah, right, prices go down, and so people are able 696 00:35:18,400 --> 00:35:22,440 to get in, usually younger people too, Typically speaking, people 697 00:35:22,559 --> 00:35:25,239 just starting out in the in the job market. They 698 00:35:25,239 --> 00:35:28,079 don't have the biggest contractions of wages, and a lot 699 00:35:28,119 --> 00:35:30,239 of times they don't have any contractions of wages and 700 00:35:30,280 --> 00:35:33,840 recessions because they're at the lower end of the stack anyway, right, 701 00:35:33,880 --> 00:35:37,440 and so you can't. It's just this idea that we 702 00:35:37,559 --> 00:35:40,800 have that keep making things. It's this belief that you 703 00:35:40,880 --> 00:35:43,000 and I have talked about that has pervaded our culture 704 00:35:43,039 --> 00:35:46,960 in my opinion, that there are no cost choices out there. 705 00:35:47,159 --> 00:35:48,440 Speaker 1: Yeah right, and. 706 00:35:48,400 --> 00:35:50,599 Speaker 6: It's well, yeah, we don't want housing prices to go down. 707 00:35:50,800 --> 00:35:52,920 Well yeah, but tell that to the people that want 708 00:35:52,920 --> 00:35:56,280 to buy one, right, And so we keep ginning up 709 00:35:56,320 --> 00:35:58,840 the stock market, We keep ginning up the housing market. 710 00:35:59,039 --> 00:36:02,199 And who does that benefit disproportionately the people that own 711 00:36:02,280 --> 00:36:03,639 most of the houses and most. 712 00:36:03,440 --> 00:36:06,199 Speaker 5: Of the stocks. Who is that? It's the baby boomers. 713 00:36:06,559 --> 00:36:09,559 Speaker 1: Yep, Yeah, it's well said. So there's a solution that 714 00:36:09,800 --> 00:36:12,320 a government's back east has come up with in relation 715 00:36:12,440 --> 00:36:16,199 to commercial real estates and for small businesses, you know, 716 00:36:16,239 --> 00:36:18,800 people who own a storefront here or there. And I'll 717 00:36:18,800 --> 00:36:20,199 share this with you in a second. I just want 718 00:36:20,239 --> 00:36:22,960 you to rate this for intelligence. One of the small 719 00:36:23,000 --> 00:36:25,000 businesses we work here is called Alan Soaps. It is 720 00:36:25,039 --> 00:36:27,400 Alan Soaps dot com slash todd. Let me make you 721 00:36:27,440 --> 00:36:30,480 a special offer. Here's a special offer. I want you 722 00:36:30,480 --> 00:36:33,480 to go try their sample pack and in this case, 723 00:36:33,519 --> 00:36:35,159 you can kind of build your own sample pack or 724 00:36:35,199 --> 00:36:38,119 your gift pack for someone that you think should try. 725 00:36:38,159 --> 00:36:41,239 Soap that's all natural, made in America, and it supports 726 00:36:41,280 --> 00:36:44,039 people like Alan who work there. It's not a charity, 727 00:36:44,119 --> 00:36:46,960 it's a business. The soap happens to be excellent, and 728 00:36:47,039 --> 00:36:50,079 Alan and Ian worked there, both impacted differently by autism. 729 00:36:50,280 --> 00:36:53,280 But let me make you this offer. Give this as 730 00:36:53,320 --> 00:36:56,400 a gift to people and let them hear the story 731 00:36:56,440 --> 00:36:59,800 of Allan. Now, soap isn't the traditional gift you'd give 732 00:36:59,800 --> 00:37:02,880 some Give this to somebody and then say, hey, after 733 00:37:02,880 --> 00:37:04,440 you try the soap, I want to tell you a story. 734 00:37:05,679 --> 00:37:08,360 So after they try the soap, sit with them and say, hey, 735 00:37:08,440 --> 00:37:11,760 let me tell you the story of this company. Alan here, 736 00:37:11,800 --> 00:37:13,679 and you tell him about Alan. You've probably heard about Alan. 737 00:37:13,719 --> 00:37:16,840 He's fourteen, he's been through eighteen operations. He's effectively nonverbal 738 00:37:17,119 --> 00:37:20,960 because of autism. Tell him this was inspired because people 739 00:37:21,039 --> 00:37:25,440 wanted to see Alan aborted, and he and his parents said, no, 740 00:37:25,480 --> 00:37:27,679 we're not going to do it. We're in fact our 741 00:37:27,800 --> 00:37:29,679 kids get to a place to live. Tell them the 742 00:37:29,679 --> 00:37:33,039 story about how Amazon offered to buy the company and 743 00:37:33,079 --> 00:37:36,079 they said, look, we'll move the soap off shores will 744 00:37:36,119 --> 00:37:37,840 make it and shin it with a bunch of chemicals 745 00:37:37,880 --> 00:37:40,239 and maybe some slave labor, and we'll give you a 746 00:37:40,280 --> 00:37:43,000 stipend and then Alan can have the foundation. And John 747 00:37:43,039 --> 00:37:44,639 and his wife said no, we're not going to do that. 748 00:37:44,679 --> 00:37:48,320 Tell him that story and then say would you consider 749 00:37:48,360 --> 00:37:51,159 subscribing to this soap? I bet you you got people 750 00:37:51,199 --> 00:37:52,639 say not only will I do it, I'll do it 751 00:37:52,719 --> 00:37:54,960 right now, which would then beg the question why don't 752 00:37:54,960 --> 00:37:58,199 you do it? So go to alansop dot com slash todd. 753 00:37:58,239 --> 00:38:00,679 That's Alansaps dot com slash tod. You get tempercent off 754 00:38:00,679 --> 00:38:03,280 all of their products. You support a company that proves 755 00:38:03,280 --> 00:38:06,159 every single minute that all lives matter an soaps dot 756 00:38:06,159 --> 00:38:08,519 com slash todd. So Zach, I want you to rate 757 00:38:08,559 --> 00:38:11,000 this on a scale of one to ten, one being 758 00:38:11,639 --> 00:38:18,800 highly questionable, maybe even fraudulently considered, and ten being demonstrably 759 00:38:18,840 --> 00:38:22,599 perfect in terms of thoughts in planning. In Portland, Maine, 760 00:38:22,599 --> 00:38:26,519 they're having some problems storefronts. They can't seem to fill 761 00:38:26,519 --> 00:38:31,079 these up, and so there's some residents who are the 762 00:38:31,159 --> 00:38:32,880 city council has come up with an idea on how 763 00:38:32,920 --> 00:38:35,840 to make sure that Portland residents don't have. This is 764 00:38:36,039 --> 00:38:38,320 source of unfilled commercial property. 765 00:38:38,519 --> 00:38:43,840 Speaker 7: It makes no sense to be finding people finding property 766 00:38:43,840 --> 00:38:48,719 owners merely because they can't find a tenant for their property, 767 00:38:49,840 --> 00:38:54,119 mainly because of the policies of this city council that 768 00:38:54,239 --> 00:38:57,599 make it difficult for businesses to operate in the City 769 00:38:57,639 --> 00:39:01,920 of Portland. So that's all you're doing is finding them 770 00:39:02,000 --> 00:39:06,960 for their inability to be able to you know, rent 771 00:39:07,000 --> 00:39:10,880 out those buildings. The entire ordinance makes absolutely no sense. 772 00:39:11,119 --> 00:39:13,159 And I don't know that there's any other place in 773 00:39:13,199 --> 00:39:16,920 America that they find people who are not you know, 774 00:39:17,000 --> 00:39:19,400 for vacance to upfront. It just makes no sense in 775 00:39:19,400 --> 00:39:19,679 the world. 776 00:39:20,119 --> 00:39:21,920 Speaker 1: And another lady comes up, so she says it some 777 00:39:21,960 --> 00:39:24,920 other property owners scale one to ten. 778 00:39:28,840 --> 00:39:35,079 Speaker 6: Yeah, zero, and here's here's here's like, this is just 779 00:39:35,119 --> 00:39:39,440 another example of how completely stupid and incompetent our political 780 00:39:39,519 --> 00:39:43,519 leadership is. If they understood the way commercial real estate 781 00:39:43,599 --> 00:39:47,239 is even valued, what they'd understand is they're asking everybody 782 00:39:47,239 --> 00:39:50,039 to go out there and tank the value of their 783 00:39:50,039 --> 00:39:52,639 commercial real estate buildings. That's what they're asking them to do, 784 00:39:52,880 --> 00:39:57,679 because commercial real estate has valued solely off rental income. Okay, 785 00:39:57,880 --> 00:40:01,480 if you go in there and establish a lit or rent. Okay, 786 00:40:01,840 --> 00:40:06,000 that means that you're like effectively bidding against yourself. Whereas 787 00:40:06,000 --> 00:40:08,440 if you want to sit there and wait for rents 788 00:40:08,440 --> 00:40:10,000 to recover and you don't want to knock down the 789 00:40:10,079 --> 00:40:12,840 value of your own property, you should be able to 790 00:40:12,880 --> 00:40:15,559 have the right to do that. Like it's once again, 791 00:40:15,679 --> 00:40:19,239 like you look at them taking. If you want the 792 00:40:19,360 --> 00:40:27,039 cost of real estate to go down, quit intervening, Quit intervening. Right, 793 00:40:27,079 --> 00:40:31,159 every time you do this, you're gonna make less buyers 794 00:40:31,400 --> 00:40:36,039 for an area, and you're gonna depress prices, and that's 795 00:40:36,079 --> 00:40:39,719 not going to benefit anybody, right, Like, just they they 796 00:40:39,920 --> 00:40:43,519 just can't and they never learn, they never learn. It's 797 00:40:43,559 --> 00:40:46,440 like the morons we've got run in Seattle, right, And 798 00:40:46,480 --> 00:40:48,800 it's not it's you and I have talked. It's not 799 00:40:49,000 --> 00:40:52,559 political disagreements. You're looking at these people and saying, listen, 800 00:40:52,960 --> 00:40:56,159 no matter how enlightened you think it is to say 801 00:40:56,159 --> 00:41:00,599 two plus three equals seven, it doesn't, It just doesn't. 802 00:41:01,159 --> 00:41:04,880 And you're killing your constituents, you're killing yourself. 803 00:41:05,599 --> 00:41:08,719 Speaker 5: It's just so yeah, I. 804 00:41:08,719 --> 00:41:11,079 Speaker 1: Don't know, you mentioned your city, and I'm going to 805 00:41:11,119 --> 00:41:13,159 copy this into the show notes and ask Alex to 806 00:41:13,199 --> 00:41:14,880 grab it realquick. I don't think you can see it. 807 00:41:15,039 --> 00:41:18,039 It's a it's just below that. It's the zombie thing. 808 00:41:18,159 --> 00:41:20,159 I don't know if you saw these ads in your 809 00:41:20,239 --> 00:41:22,599 separate country where you live outside of Seattle. Now, praise 810 00:41:22,599 --> 00:41:26,159 guidance and bulwarks outside of Seattle, but this is a 811 00:41:26,360 --> 00:41:29,320 This is legitimately an ad for the most corrupt transit 812 00:41:29,360 --> 00:41:32,039 agency in the world, Sound Transit. And people listening to 813 00:41:32,039 --> 00:41:34,960 this outside of Seattle, which is the majority of you, 814 00:41:34,960 --> 00:41:37,000 you pay for this. Unless you live outside United States, 815 00:41:37,079 --> 00:41:40,639 you pay for this. This thing that cannot complete a project. 816 00:41:40,679 --> 00:41:44,320 They're ten billion dollars behind budgets. This is a literal 817 00:41:44,440 --> 00:41:48,679 ad running in a city where people are zombied out 818 00:41:48,719 --> 00:41:52,000 on fentanyl. You walk through downtown Seattle, there's this people 819 00:41:52,000 --> 00:41:54,960 that lean over at the waist, rocking back and forth, 820 00:41:55,119 --> 00:41:59,639 soiling themselves, mumbling, and they're called zombies and they're run 821 00:41:59,679 --> 00:42:02,320 an ad AD with a zombie person with a gas 822 00:42:02,360 --> 00:42:07,320 pump in their hand break a mindless habit rides Sound Transit. 823 00:42:07,639 --> 00:42:10,519 So the zombie like behavior zact in their mind. Are 824 00:42:10,559 --> 00:42:13,400 people filling up their cars with gasoline, not people filling 825 00:42:13,480 --> 00:42:18,079 up their veins with with fentanol. That's what you're talking 826 00:42:18,079 --> 00:42:19,880 about in terms of your leadership back there. 827 00:42:20,480 --> 00:42:23,199 Speaker 6: Yeah, well, I mean and the and the metro Metro 828 00:42:23,280 --> 00:42:25,800 transit's such a really good sound Transit's such a good 829 00:42:25,800 --> 00:42:29,199 example because if people have ever been to this area, 830 00:42:29,239 --> 00:42:31,920 the pew of Sound area, you can fly over it 831 00:42:31,920 --> 00:42:34,880 in a prop plane really quick and understand why public 832 00:42:34,880 --> 00:42:40,480 transit just doesn't work here. Right There's huge bodies of water, yeah, 833 00:42:40,519 --> 00:42:43,119 and mountains and it kind of makes it really tough. 834 00:42:43,199 --> 00:42:46,039 And people live in a very disparate spell. You know, 835 00:42:46,360 --> 00:42:49,599 it's a very suburban type culture. It's you know, and 836 00:42:49,639 --> 00:42:52,960 you look at them and go, what do you expect? Like, 837 00:42:53,039 --> 00:42:57,360 how like it's not even plausible, right, Like, it's just 838 00:42:57,440 --> 00:42:59,159 not like it doesn't work. 839 00:43:00,719 --> 00:43:02,960 Speaker 1: Do you know that there was a test done on 840 00:43:03,039 --> 00:43:05,440 the seating in your buses and your trains. Do you 841 00:43:05,440 --> 00:43:07,039 know that it was about ninety percent of them that 842 00:43:07,079 --> 00:43:08,400 had traces of fentanyl on them? 843 00:43:09,239 --> 00:43:13,400 Speaker 6: Oh, I would be shocked at the somebody screwed up. 844 00:43:13,480 --> 00:43:14,599 Speaker 5: It's not reason they get. 845 00:43:14,440 --> 00:43:17,199 Speaker 1: An If you wanted to get a fentanyl high, you 846 00:43:17,239 --> 00:43:19,639 could just walk around licking the streets and the seats 847 00:43:19,679 --> 00:43:21,719 and a sound transit train. Just not the seats, just 848 00:43:21,719 --> 00:43:23,599 the back so you don't get gross stuff. Just get 849 00:43:23,599 --> 00:43:25,079 a contact high on fentanyl. 850 00:43:25,639 --> 00:43:26,719 Speaker 5: But you don't even need to do that. 851 00:43:26,840 --> 00:43:29,280 Speaker 6: You just walk downtown and they'll buy a hit for you, right, 852 00:43:29,320 --> 00:43:30,719 I mean, they'll just give it to you, right, I mean, 853 00:43:30,840 --> 00:43:32,559 just you know that we've got to make sure they're 854 00:43:32,559 --> 00:43:33,480 getting clean smack. 855 00:43:33,880 --> 00:43:34,039 Speaker 3: You know. 856 00:43:34,119 --> 00:43:36,719 Speaker 5: That's that's compassion. 857 00:43:36,920 --> 00:43:39,679 Speaker 1: That is compassion, Absolutely compassion. It's always great to have 858 00:43:39,719 --> 00:43:41,480 you on my brother. Thank you for taking the time, 859 00:43:41,519 --> 00:43:44,800 wise counsel day. Say hi to your family. Appreciate you. Yep, 860 00:43:45,239 --> 00:43:47,480 this is a Todd Harber show. Please go, be well, 861 00:43:47,800 --> 00:43:50,440 be strong, be kind, to make a decision today to 862 00:43:50,559 --> 00:43:52,679 walk in the light of Christ.