Speaker 1: You know, we've been talking about this for a while.
Digital ID is going to be a thing in the UK.
They're building the pieces to make it a thing. Here
we'll talk about that. We'll talk about the government shutdown.
We'll talk about the government employees who are leaving employment
and walking out in unprecedented numbers. It's unprecedented, Orange Man, unprecedented.
Talk about this all with the help of my friend
and brother, Zach Abraham. Chief investments are Bulwark Capital Management.
Speaker 2: But Todd Herman show is one hundred percent disapproved. But
big pharma technocrarats in Tyrone cebrianwhere from the high mountains
of Free America. Here's the Emerald city, Exie Todd Herman.
Speaker 1: Today is the day the Lord has made, and these
are the time to which God has decided we shall live.
And joining me now is Zach Abraham, aforementioned chief and
officer of Bulwark Capital Management. Welcome back to my brother.
Speaker 3: Good to see you, good to be back.
Speaker 4: How are you you know?
Speaker 1: I'm I am. I'm to quote Tombstone, I'm doing swimmingly.
Speaker 2: I like that.
Speaker 1: I'm doing swimmingly. No, it's been a good week and
an interesting week, but man, it feels like such. If
you don't have faith in God right right now, I
don't know how you don't feel like you're walking on
lily pads of fire with what's going on in society
and you know, the attack at the Mormon Church and
it's Charlie and it's all these things. And if people
that have faith, I don't know how they make it
through this or that falling apart.
Speaker 3: Yeah, I don't either.
Speaker 4: And to me it is it really is the It's
the guiding light in my life, of course, but yeah,
but to me, I mean, there's so many things I
would miss about it, but I would miss the certainty
of it. Meaning there was a there's a situation that
we ran into recently, and I won't bore you with
all the details, but it was one of those situations
where you go, Okay, I need to act rationally or rationally.
I need to make I need to I need to
act quickly, but I need to act rationally and I
need to I need to make an informed decision, and
I need to make a wise decision. But at the
same time, this might call for some righteous anger and
I was not. In this unique situation, I had an
emotional pull one way, right, I had all these things
going on, and the only way I was able to
make heads or tails.
Speaker 3: Of it was putting it through the faith filter.
Speaker 4: Yes, right, like sitting there going, Okay, hold on, what
are my obligations?
Speaker 3: What have I been called to do? What is my
duty in this scenario?
Speaker 4: What? It was a situation that involved some potentially some
vengeance and still does. And I'd remind myself, you know,
vengeance's mind, says the Lord. But at the same time,
sometimes we can be instruments of his vengeance, you know
what I mean, and to help.
Speaker 1: And helping God a little bit on the vengeance front.
Speaker 3: Well, just being available, right, he doesn't need my help.
Speaker 4: But but you know, it was kind of it was
one of those things where at first I thought, no, no,
that'd be me taking vengeance, and then after prayer and reflection,
I thought, no, that's me being what God wants me
to be and standing up for what God wants me.
Speaker 3: To My point in all of.
Speaker 4: That was saying, you know, sure the comfort Day by
day I was listening to some praise and worship in
the call, in the car and at home this morning
and had a really good you know, just where it
hits you and you just have a really good time
with God and you spend them.
Speaker 3: But but.
Speaker 4: It's and those times I appreciate so much. But it's
that guidance. It's that not that I know how things
are going to play out, but I know what's called
of me, and I know what's expected of me and
my life. And I have a saying where in the plan,
Be in the plan, And what we mean by that is,
I don't know what the plan is, but as long
as I'm where God wants me to be, I love
where we're headed, you know what I mean, Like just
just that faith of saying look and and and not
saying it's going to work out the way I want
it to. Yep, but it's gonna work out the way
He does he wants it to. And as long as
I'm in the plan, I got nothing else. So to
your point, it's a long way of saying I agree
with you, I don't. I feel like if I didn't
have God in my life right now, i'd be I'd
be angry, I'd be bitter, I'd be vitriolic, I'd want
I'd want revenge. And I feel like that's the only
thing keeping me from stumbling around in the dark, you
know what I mean.
Speaker 1: Yeah, And I think sometimes you don't know, you can't
yet see what God's plan is, but you know the planner.
So since you know the planner, you know that the
plan is going to be okay. So that brings me
to like this, this conversation we need to have about
what's going on in England. This announcement they made, this
just not got anywhere near enough attention. We need to
talk about that. And then the hidden small prints around
President Trump's announcement that Pfizer is going to lower their
drug costs. Hey, look at that Medicaid not to Medicare, etc.
There's a seventy billion dollars secret hidden in that. So
unfolding both of these things with sach Abraham, my friend
Tim Krukshank did what I didn't do. He served, He
was a Navy seal, he was a medica attached to
three seal teams or probably three deployments as a member
of the seal team. And when he came back he
started bonefrog Coffee dot Com because not everybody came back.
Bone Frog Coffee honors the lives of fallen Navy seals
by supporting their families. Ten percent of proceeds go to
support the families of fallen Navy seals. And he was
refused to do this with junk coffee, so he recruited
a coffee legends to help him make bone Frog. It's
a mentor's team. He hires veterans whenever he can. He
just sent two of his guys to Buds to go
become a Navy seal like he was. Instantly he was
also Buds and Structors. I bet they got special tips.
This is a company you do well to support. A
because of the mission. B because it's the world's best coffee.
Go to Bonefrog Cooffee dot com slash todd use promo
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fifteen percent of subscription coffee. Make us stop by their
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I don't know if he's an artistic cat, but someone
there is because it's some of the coolest merchant exists.
It's Bonefrogcoffee dot Com slash Todd promo code Todd. Tim
came back from war to help us family with this stuff.
We can help him as well. It's Bonefrog coffee dot
com slash Todd so Zach here is Keros Starmer in
the UK and the way he makes this announcement is
so so smug and arrogant.
Speaker 5: And that is why today I am announcing this stuffment.
Will make a new free of charge digital ID mandatory
for the right to work by the end of this Parliament.
Let me spell that out. You will not be able
to work in the United Kingdom if you do not
have digital ID. It's as simple as that. Because decent, pragmatic,
fair minded people, they want us to tackle the issues
that they see around them. And of course the truth
is we won't solve our problems if we don't also
take on the root causes, looking upstream poverty, conflict.
Speaker 1: He's talking about. The picture is that this is the
way they're going to solve the immigration crisis Act.
Speaker 4: So they're not trying to solve the immigration crisis. There
isn't a crisis. It's their immigration plan.
Speaker 3: Yes, I.
Speaker 1: Like, you get a loss for words.
Speaker 4: Well, it's just the goal and the willingness for these
people to stand in front of their constituency and just
lie to them, and the willingness of that constituency, like
like hogs the slop, just sock it up and look
at you, like what we conspiracy? And I'm sitting there going,
oh yeah, yeah, brilliant idea. Trust the government that has
flooded your country in a way that it's it's not
even recognizable anymore. And your wife can't walk down to
the corner store without getting assaulted with somebody with a
box cutter, right like we I mean it's yeah, and
just keep believing that guy. Yeah, it's for security, they say.
Speaker 3: Right, lock you down.
Speaker 4: I mean the willingness of these people. You know, you
you go watch a movie like v per Vendetta and
you sit there and you go, you guys, you guys
still think the problems on.
Speaker 3: The other side, don't you.
Speaker 4: You're sitting there getting locked up for social media posts,
you're getting a mandated digital ID, and you're worried about
the fascists. I mean you you you know, when it
goes to something, they're like, you know, it's like, what
the end of freedom, It'll be met.
Speaker 3: With nash teeth.
Speaker 4: No, no, no, no, the end of freedom. Freedom will
end with a whimper. And you're watching that in the
UK right now. You're watching a culture that has been
hollowed out, that has been demasculinized, that they've been defanged,
and now they've just got to do what deer Leader
tells them. And it's just it's disgusting. I look at
the Brits and I'm like, that's all that. This is
how you're going out right, just not with your.
Speaker 3: Boots on right.
Speaker 4: I mean, come on.
Speaker 1: They did a petition when this is announced in a
live twenty four hours, it got two million signatures and
then as three million and four million, Hey, sign out
all the things you want, All this stuff is in place,
and again to the Bibles Act. This is a dry
run for the Mark of the Beast. I'm sorry to
be a religious conspiracy theorist, but the book tells us
those without the mark will neither be able to buy
nor sell. Now, this isn't the Mark of the Beast.
It's not even yet a digital central digital currency. But
what does it matter. You can't earn currency without having it.
It's one step from that. So again into the Bible.
These things are gonna happen to me, Prais guy, He's
right again.
Speaker 4: But this is so funny because the truth is right
in front of you. Hey, everybody that's a legal citizen.
I need you to get this government mandate legal ID
so we can fix the illegal problem.
Speaker 2: What right?
Speaker 3: Come again?
Speaker 2: Right?
Speaker 3: Okay?
Speaker 4: So you need enhanced look through on my life to
make sure the illegal immigrants don't get in.
Speaker 3: Got it? Got it?
Speaker 2: Yeah?
Speaker 3: That makes perfect sense.
Speaker 1: Okay, you know, are you willing? Here's where this gets
interesting to me. I mean there's the financial aspect of this,
which is interesting because Bill Gates is stepped up. He's
a stakeholder in this. Larry Ellison is his stakeholder in this.
Larry Ellison, who's a big fan of surveillance in the
United States. He's talked about the camera on cops, and
the cops will behave and the citizens will behave. Everybody's
getting me in their best behavior. He's apparently going to
own a piece of TikTok. He's going to own the
data from TikTok. Oh, good because he's going to be
a good guy with this. But Roman's thirteen. This is
the hardest part of the Bible for many, many, many conservatives.
It is that we will obey the governments, princes, authorities,
kings will obey them because we're to be blameless in
this way. They're placed there by God. God gave them
the ability to do this. God put care Starmer there.
And I look at the United States, and if they
came with a digital ID here, I don't think I'd
sign up. And I think i'd feel okay with Romans thirteen.
I think i'd say no, and I'd do it based
on this. I know where this is headed. This is
headed to you will lie, if you want to work,
you will back policies that are ungodly. If you want
to work, you'll back it with your mouths. You'll stop
going to bother some churches. I know where this is headed.
I think we as Christians have the right to use
their skepticism to look at this and say no, not
this one. Where do you think that stands on Romans thirteen?
Speaker 4: Well, first of all, I would say, I think I
think that you know, render to Caesar what is Caesar,
and follow the laws of the land and all.
Speaker 3: That kind of stuff. And I agree with you there.
Speaker 4: Where I do disagree with you is is I do
not think that Sturmer, that God puts Sturmer there.
Speaker 1: I think that when they put him there allows them.
Speaker 3: To yeah, allows them to be there.
Speaker 4: Yeah, just because because what I think happens, and I
think the Bible is replete with examples of this, is that,
you know, the part of love is love is never coercive, right,
it's free will.
Speaker 3: And you know.
Speaker 4: The Bible, like I said, the Bible's replete of examples
of God saying now you don't want to do you
don't want a king, you don't want a king now?
Speaker 1: And now we do, we want one, We want him Samuel, right, yeah.
Speaker 4: And and I think that when cultures take on kind
of a reprobate heart, right, what the Bible refers to
just complete turning their back and all sense of reality,
like you're just throwing it out there, for instance, like
saying a man can be a woman, right, like offering
up the children as young as ten and twelve years
old to permanent sexual mutilation, things like that.
Speaker 2: Right.
Speaker 4: I think that God kind of does one of these,
you know, and says let him eet key, have what
you want.
Speaker 1: We talked about this this week, that God turns people
over to their sexual perversions. So the own devices to
the spirit of the flesh were talking about this. This
is God's version of Hey, you know what I showed
you my word I sent my son. You've heard the
word you noa exists. You refuse to follow what I
need you to do in order for you to become holy,
to make it into trinity. Therefore you go be you.
It's God's version of you. Go be you. But God
could strike Karl Starmer down whenever he wants to. But
why would he because this is the brit saying that
I want these things. So would you, Zach if this
came about the United States, would you say, no, not
doing it. So if they came along and said, hey,
there's no more bulwork, you can't do it. There's there's
no digital idea, would you be one of the people
who said.
Speaker 4: Okay, I you know, I don't know, and and and
the reason I don't know that is full full disclosure.
I never once had any misk I. You know I well,
and you and I were doing our thing at the time.
But I had no illusions about the vaccine.
Speaker 3: I took it.
Speaker 4: I had to, I had to go travel outside the
country for work, and you know, no booster is nothing
like that. And thank god, I didn't have any adverse reactions.
But I might depending on how it's structured. I'm also
not at a point. I've got a lot of employees
that rely on me and rely on our business, and
a lot of clients to do as well.
Speaker 3: And I don't know.
Speaker 4: I mean, I I would have to see. What I
do know is that if there were any if there
were any aspects of sign up for that, and if
it obligated me to do anything, to do anything that
I thought was more that they could morally compromise me, no,
I would stand.
Speaker 3: I would stand firm on that.
Speaker 4: But if this is just a new form of government
and you got to get it to run a business
or go around, I don't know.
Speaker 3: I'd have to see.
Speaker 4: Like I said, if it obligated me to do anything
that I wasn't comfortable with, absolutely not.
Speaker 2: Well.
Speaker 1: My point is I think it will obligate us to
do things that are uncoverable. That's that's why you and
I are a little different in this. I don't have
as many people depending on me. You know, my family
defends on me. And this is going to open up
a fascinating event here in the United States of America.
They are going to push this. Larry Ellison and Bill
Gates are going to try to make this happen. I'm
a hard no, and and that's very scary because a
hard no means how are you going to get money? Well,
in North Idaho, I think there's going to be a
lot of hard nos, you know, Zach. When they put
the mask sticks out on that got followed here for
about four days, and and then and then people the
masks off the face. I didn't take this shot because
I just see too many pieces in place. Look at
China and what they're doing. You yourself mentioned people being
taken out of their homes in the UK for social
media posts. They don't even need to do that anymore.
They just you know, your digital ID, you pulled it,
open your phone and there's a little remark there. Yeah, sorry,
you don't work anyone, and you know this is going
to be tied to bank accounts eventually. This is one
step from that, and eventually they just hey, you know
what that social media post? Congratulations, that just cost you
four hundred pounds.
Speaker 4: Well, I look. And the other thing that really depends
on is what you can't work any more means right
like meaning if you're if that becomes the standard that
every business requires in order to you know, employ you
then that really shouldn't cause you and I'm much of
a much trouble because right we run our own businesses.
I wouldn't think that would impact us because we.
Speaker 3: Could just say you don't have to do that here
right now.
Speaker 4: Eventually I would think it it'd become more coercive. But yeah,
if it's like that in the beginning, absolutely I won't
sign up for it.
Speaker 3: Yeah, No, I'm going to avoid it as long as Yeah,
I've avoided as long as possible.
Speaker 1: Well, I think America's men to make a decision now
because the Brits did this petition, and I think we
need to be really hardcore with politicians on this. For instance,
I will never vote for a politician who backs this ever,
I don't care what don't you do. Ever, I'll never
give you money, I will primary you. I'll vote for
a Democrat ahead of you. If a Democrat says no
to this stuff, I'll vote for a Democrat or a
Republican that this sponsors this stuff. And I think we
need to talk to businesses as well. And I think
businesses need to understand something. There's going to be a
lot of people who say no to the digital I
d here and they're still going to need to eat.
And you reach an interesting moral line here, you really
do richest point of morality of Okay, the government's forcing
us down a digital ID path. We know this is
a social credit system. We know how this happened in China.
And if you are going to play along with this
China Marts and other stores, well then maybe steal from you.
I don't want that to happen. But man, there's this
is to me, this is a lynchpin moment.
Speaker 3: Zach Oh no, no, I and I agree with you.
Speaker 4: And it's not it you know, for people out there,
I think a lot of the people listening to your
show understand exactly what it is that we're talking about.
But it's it's not that it's not.
Speaker 3: That there's something nefarious.
Speaker 4: Or bad about that real ID, right, it's what they're
going to do with it, and and it's it's another
lever of control. And if people can't see that, they
don't want to. And it's a pretty exacting lever of
control because the reason they're going to mandate it is
you will, like you know, you see it happening on
airplanes right now.
Speaker 3: Now all of a sudden, you need a passport.
Speaker 4: Right, next step will be you got to have that
idea to travel on an airplane. Yep, we all saw it,
and and you were pointing it out at the time.
That was the kind of thing about the you know,
the vaccine passports, that was kind of a trial run on.
Speaker 3: This whole concept. Absolutely, will people submit, will people go
go through it?
Speaker 4: And it just it's it's so shocking to It's not
because the Bible talks about it. You see so many
examples throughout history, but watching the way in which people
go down without a fight and willingly build their own prisons.
My wife and I were talking about that last night
about feminism. Right, you sit there and go, what is
the greatest danger to feminism? It's feminists? Yeah, right, Like
they're building their own prison. It is so bizarre, Right,
you watch all these women attacking JK Rowling and you're
sitting there going, guys, you're not going to have women's
sports left if women like her quit talking right and
quit speaking up, you're bidding against yourself.
Speaker 2: Yep.
Speaker 4: Really, it's just it is a time of mass delusion
and it's really unbelievable to watch on a daily basis.
Speaker 1: So I'm going to say some things that are going
to sound absurd, things I don't do in a second,
and I'm begging people to do this. I am telling
you when I started talking about COVID before the lockdowns came,
before the shots came, and I said, please stop needing
to go to NFL football games, Please stop needing to
go to theaters, Please stop needing to go to restaurants.
Please look at this as extra time with your families.
It's because I knew what was coming. I know what's
coming with this digital ID stuff, and I know the math.
There is a mathematical formula when enough people do the
following things that are going to switch over to digital ID.
So we'll talk about that in a second. All of
us build environments. In our homes. You may have an
environment of cleanliness or maybe a little bit more sloppy,
but I guarantee you buy soap. I guarantee you wash
your body and in your family. Does you have soap?
In your businesses or customers can wash their hands? So
do this build an environment that shows that you believe
all lives matter and that you act that way. Alansoaps
dot com slash Todd is a soap company that's dedicated
to employing people the rest of the world would toss
out or would have aborted. Frankly, Alan is one of
those cases. He's fourteen, He's been through eighteen operations. He's
not a Scott.
Speaker 3: He works there.
Speaker 1: He's in quality control and packaging. He invents fragrances. If so,
he just can't speak very well, if at all. He's
effectively nonverbal because of this or his placement on the
autism spectrum. His brother Ian, also autistic, works there also
someone that the rest of the world would say he
can't work. Yes he does. The soap is made by
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It's Alan Soaps dot com slash Todd so Zach. You
might notice this when we go to dinner. If I
go to a restaurant and that restaurant has a QR
codes at the table, and there's a there's a place
in Idaho it's and it's a run by Vets, it's
like Conservative Scott. All the American flags, Patriot flags. I
went in This is several months ago with the buddy
of mine. He was over from Seattle, sat down to
eat and I said, kind of a menu, and she goes, oh,
we don't use this anymore, just QR codes. I said,
do you have a paper menu? She goes, no, we're
not using the it's just QR codes. And so when
she came back to take her orders and said, I'll
have a nice water, she goes, that's it. I go, yeah,
you guys don't have menus because you could use our
cure code. I don't use car codes. I am not
going to scan my phone and give you access to
take a snapshot of my phone. I'm not going to
normalize the behavior. I refuse to normalize the behavior. Same
thing an airline I fly. You know what, we only
use apps for purchases. Now, okay, I'm not purchasing anything.
Speaker 2: Yeah.
Speaker 1: And I'm telling you because I worked in tech, I
know that there are these projections. When enough people are
doing this, the risk is gone. Then I'm looking at
the carrots. I went to China Mark the other day
and they are pushing so hard, connect with your phone,
Connect with your phone, connect with your phone, and we'll
give you discounts and free stuff. And Walmart's pushing this.
They have the math too, and they want all this
stuff because tell me, the government's not pitching the digital
i D back to businesses saying the digital ID will
give you a bunch of tracking information. Tell me they're
not doing that.
Speaker 3: Well, I mean one, I mean they are.
Speaker 4: And that's why all these guys, I mean why, that's
why Ellison wants to It's all it's just this data game, right,
And I mean they're all after it, and that's.
Speaker 3: The game they're playing.
Speaker 4: That's what TikTok's all about. That's what this government ID
is all about. And I yeah, it's.
Speaker 3: It's kind of weird sitting.
Speaker 4: Here watching the construct of the Dystopian, you know, the
civilization that you were always scared to death of, and
you're watching you know, you're watching.
Speaker 3: The the the studs, if you will, right the walls.
You're watching the walls go up.
Speaker 4: And everybody's just you know, blissfully unaware. And in that way,
it's not a surprise, right, So so many of those movies,
so many of those books have gotten it so right
on how people You're just shocked at what people will.
Speaker 3: Will accept and it's it's it's just remarkable.
Speaker 4: It it is also remarkable to watch and and this
all ties back into it, right, the level of deceit
and the level of how checked out people are, and
the level of how ignorant they are, and how unaware
they are to what's going on around them, and you know,
all of those things. If you can still look and
I and honestly look, I think that's why so many
people are waking up. If you can look at this
and not see the spiritual game at play, you know,
I guess ignorance is bliss, but you know you're you're
not seeing the game. You're not seeing what's going on,
and you're not seeing that the lines are getting drawn
and this is quickly becoming a battle of good and evil.
Speaker 1: Yeah, it really is right. And that's why I just
beg people to not normalize these behaviors. I wanted to
ask you, and I do want to get into the
government shut down or yawn. I don't care shut the
government down, I don't care. I hear this every two years.
I don't care. But something we should talk about in
terms of economics. But did you see President Trump bring
Albert Burla, the CEO for it. Did you see him
bring him into the White House and do this glad
handing announcement where Pfizer is going to cut the cost
of their drugs to medicaid to the most Favored nation status.
Did you get the memo on what we're giving Phizer
on this, because I know you're busy tracking the stock
market and things that affect my retirement, et cetera. But
did you get the the Oh, by the way, small
prints into this announcement?
Speaker 3: You mean you mean.
Speaker 4: Beyond no liability on the most profitable drug they'll ever sell.
Speaker 1: I mean, in addition to that, right right, the stuff
that they forced on us that continues to take live seah,
there is something in.
Speaker 4: Addition to that.
Speaker 1: I wonder what it is.
Speaker 3: No, I didn't. I didn't.
Speaker 4: I'm not surprised, but I'm not. Why would I be
surprised that we have to give them more? Okay, I'm not.
Speaker 1: Here's what we're giving them, seventy billion dollars for research
and development into more MR and A applications.
Speaker 3: Fantastic.
Speaker 1: So we're talking here, Zach, about a vaccine for cancer,
an MR and a vaccine for cancer. We're talking about
an m R and a injection for obesity. We're talking
about an expanded vaccine portfolio for flu bird flu rs
FEE and for chronic disease biologics in inflammation and immunology.
Speaker 4: And all of this before we even admit, let alone
research and look into it. All of this before we'll
even admit the problems with the first.
Speaker 3: M on our mRNA vaccine that was issued.
Speaker 4: Right right, We're not even to admit the problems there.
We're just gonna pretend that the technology is just solid
and we're rolling.
Speaker 3: This baby out and it's all gonna be great. And
I'll tell you what, man, these are the things that
Trump goes along with where I sit there and I go,
what are you doing?
Speaker 2: What?
Speaker 4: Walk me through this?
Speaker 3: And if you still think that Big Pharma is a
friend of ours, I.
Speaker 4: Seriously question you and your ability to lead, because if
you can't string those two together, you're not trying to.
I'm speechless about it, and I'm really disappointed.
Speaker 1: I am deeply disappointed in the President and this. And
he was starting to get there. It seemed he was
starting to actually say some things it made sense, and
wondering if Operation Warp Speed was his success or not.
He wanted to know. He was demanding the numbers he
said they told him these numbers in private, but wouldn't
say them in public. And then he comes out and
he said, Zach, he referred to Pfizer as one of
the best companies in the world, one of the greatest
companies in the world, a company that is paid the
largest criminal fine in history, criminal INTI of four hundred
and thirty billion dollars. And this is one of many, many,
many fines that they've paid. So has anything changed in
your mind in terms of big business and government with
President Trump? And I don't like having these conversations because
I support the President on most of his policies, immigration,
bringing manufacturing back, making America strong again, getting DEI out
of our military, having jenderkin use people not in our
military because it's a mental disorder and it affects troop readiness,
et cetera. But does anything change in your mind with
big business and President Trump in office?
Speaker 2: Not? Not really.
Speaker 3: And let me let me let me unpack that a
little bit.
Speaker 4: So am I disappointed, Yes, But unlike a lot of
other Trump supporters, I took the guy at face value,
and I did not think that he was this sent
by God's Savior for the United States, right, So meaning
and I don't want people to misread what I'm saying.
Do I think that God had a role in those elections, Yes, yep.
Speaker 1: I believe he's saved from assassination.
Speaker 3: Yeah.
Speaker 2: Yeah.
Speaker 4: But but it also doesn't mean that he's what you
want him to be either, right, Like, you need to
be honest. And I think one of the things that's
refreshing about Donald Trump, and one of the things I
like a lot about him is I think for the like,
it's ironic to me that he he lies all the things.
He's probably the most honest president in my lifetime in
terms of if you want to know what he thinks,
he's going to tell you, right. But also don't be
a fool and don't extrapolate your own values on him.
Speaker 2: Right.
Speaker 4: This is the same guy that had that conversation with
Billy Bean and the trailer, or Billy Bush and the trailer.
This is the same guy that was cavorting with a
prosper a pornographic actress when his wife was a home pregnant.
I mean, like, don't just because I've supported him and
I think he is a much better alternative than anything
we were offered, doesn't mean that I'm going to turn
a blind eye to what he is and the areas
in which I think he could be compromised, And I
think when it comes, I think that Trump has picked
up the cultural mantle because he believes in some of it,
and I think it's also convenient to do to get
the support of the people who support he wants. But
I think at the end of the day that Trump
is primarily about business, and I think that he has
an unhealthy and unjustified trust in big bureaucracy, and I
think that that is backed up by what he's saying
about Pfizer. Again, I take him at face value that
he took the vaccine, that he was extraordinarily concerned about COVID,
and I think that this is yet another reminder of
no matter what you think of a man, when he's
telling you who he is, listen and do not transcribe
onto that man the qualities of God. Right, because no
man is infallible, No man is able to carry the
mantle without any slipping or any mistakes or anything like that.
But also, let's not be like the people that, in
my opinion, are driving this country into the ditch. Right,
Let's not be the people that can't see the speck
of wood or the sliver in our own eye. And
let's certainly not idealize our leaders and make them into
something that they're not just because that's what we want
them to be. And I think Trump needs a lot
of prayer. And I think Trump lacks wisdom. I didn't
say he doesn't have any, but I think a lot
of those things if we're looking at it with clear
eyes and we're not looking at it through a partisan
political lens, I think a lot of the things I
just said are really hard to argue with.
Speaker 1: And I think that what the president's doing. And Okay,
indicting Jim Comey, I'm a fan. Let's go after all
the people who did the Russia hoax thing. I'm a fan.
Jim Comey himself talking about people who walked into the
Capitol and turned around and left, said we're going to
punish you just so no one ever does it again.
So let's make sure there's punishment. Border policy meaning what
he meant, doing what he said about illegal immigration, showing
people that doesn't matter how long you here, you can't stay,
so come in legally then you can stay. I'm a
fan of that. I'm a fan again of cleaning up
the military, cleaning up the cities. I don't love having
the military in the cities, and then again, I hate
seeing them overrun by the cartels. And the military has
to be temporarily there and out and not going around
arresting American citizens. We can have the military doing that
but backing up the cops. So but that buys that's current.
And see for Trump to turn around and give five
or seventy billion bucks, which the idea right, and we.
Speaker 4: No, I mean, I mean, are you they're gonna say, well,
we have a given fires or any money. Yes, you have,
I want one hundred percent.
Speaker 2: You have.
Speaker 4: You mandated that people use their product, and then you
inoculated them and guarded them from any type of uh,
you know, any type of lawsuits or any type of
legal action or any type of liability whatsoever. So you've
given them money. No. No, what you should have said
to them, and what I would have said to them
is listen, in a very painful way. That's going to
be very damaging to you. I'm going to come at
you with the full force of the federal government unless
you come out and cop to the things that you
got wrong, and unless you do A, B, and C.
And part of that's going to be to lower your
drug costs for the for the American people. But we're
not going to give you anything for it. And what
we're going to give you is we're not going to
pursue you to the ends of the earth, and we're
not going to make sure we're not going to attempt
to drive you out of business.
Speaker 3: Right, That's what he should have said.
Speaker 2: Yeah, And.
Speaker 4: Look, it also gives you a look behind the curtain, right,
which is this is why it is so hard to
get good leadership because they look, I'm sure that there are,
according to him, very good reasons why Trump is doing
this right, And and that's always the part of this
that people don't really see, right, like, oh, well he's
compromising again. There's a reason why everybody compromises. Right, It's
really hard not to. It's really hard not to.
Speaker 1: I guess what tries to me. That's just people saying
Trump wins again. Look, he just crushed Pharma. He didn't
crush anything in this case. It was one way he did.
Speaker 4: He gave him a seventy billion dollar can to limp
it off with exactly.
Speaker 1: Right, right, exactly, And then they're going to come back
and mandate these injections and watch them mandate vaccines for cancer.
We've got to talk about the walkout of federal workers,
or those federal workers who are taking the buyout package.
And we're being told that this is again an unpreceded
resignation in history. So as we're sitting and recording this act,
I don't want to freak you out. I will scare you.
The government may shut down.
Speaker 4: Oh say it ain't.
Speaker 1: So how many times have you and I had this
conversation every does anyone care aside from the mocking bird?
Is there anyone out there going, oh, my dear lord,
the government's gonna shut down?
Speaker 3: No, I mean, and because you know the wave of
and this is why I said, man, it's it's all.
Speaker 4: This is all kabuki theater with the stock market. Stock
market doesn't care, which the stock market should. This is
disconnected from any type of fundament.
Speaker 1: So the stock market should care.
Speaker 4: The stock market should care about a lot of things.
The price action of the stock market is completely ridiculous.
I mean, it is just ludicrous. So and I'm not
saying that that. Look, it could stay luded Chris for
a long time.
Speaker 3: It has stay ludicrous.
Speaker 4: But I mean you're watching moves. This is turned into
like watching a video game, right. I mean, Tesla's stock is.
Speaker 3: Going through the roof. The company is getting.
Speaker 4: Destroyed in video. They're hitting a new all time high
while China just said we don't need any more of
your chips and our estimations they make up about thirty
percent of their demand. And what that also means is
they've got a competitive chip that's way cheaper, which means
in Vidia's margins. No one's paying attention, man, No one cares.
It's buy that stock and watch it go up, and
everybody thinks the stock market is obligated to give them
fifteen to twenty percent a year. We're looking at the
market trading at thirty two times earnings and accelerating while
earning's estimates are dropping. It's just nuts.
Speaker 3: It's just nuts.
Speaker 4: And to watch people fighting over these stocks that are
a joke. They're trading at twenty five thirty times revenue,
I mean, it's ridiculous. And then you've got all the
stuff out there. You look at what's happened to the
price of gold. It retail investors still haven't picked up
on it. They're fighting over these ridiculous companies that are
never going to grow into their earning ever ever, right
complete there. I mean you, it is how much money
are you going to lose owning this ridiculous crap? And
they're looking right past these gold mining companies that are
trading it like eight times earnings, cranking out seventy percent profits,
and that earnings multiple doesn't even reflect the thirty billion
dollars worth of gold they've got in the ground. It's
just what people are buying and what they're not. It
just blows my mind. And you know, we're sitting here
again going, well, the US markets where it's supposed to be.
Really it's one of the worst performing markets in the
world this year, okay, like, and the reason why is
because it's ridiculous. So I you know, chalk it up
with all the ridiculous crap that people believe out there
right now, and we still own American stocks. I'm not
mad at American stock market. What is It's kind of
like with bonds, right for years, I was saying, guys,
interest rates are a zero. Why would you buy something
that's going to yield you less than the inflation rate?
And you're just waiting for interest rates to go up,
in which case you'll lose thirty to forty percent of
your principle right just where you're sitting there, going Look,
I don't know when it's going to happen, but you're
literally investing in an investment that does you no benefit now,
and it is a guaranteed certainty at some point in
the not too distant future, you're going to take a
massive loss on it. Right. I look at the stock
market where it's priced today, and look, I'll say it.
I feel the same way about the US stock market
writ large right now where you just go. Look, if
you want to get really bad returns over the next
ten years, stay positioned where you are because there the
extremes of it over the price movements that have absolutely
nothing to do you and I have talked about like
the law of large numbers.
Speaker 3: Look at Nvidia trading it at four and after the
dollar market cap. If their stock goes up ten percent,
that's the equivalent of almost two and a half x
their annual revenue.
Speaker 4: Yeah, so what do you buy either Convidia can double?
Speaker 2: Do you?
Speaker 3: Have you done the arithmetic?
Speaker 1: Not find the chefs anymore?
Speaker 2: Right?
Speaker 4: Yeah? And the stock has gone up since China announced
that our records, but based on all the data we're
looking at, we think that China makes up about and
this is pretty conservative, about thirty percent of their chip demand.
Speaker 1: So they're thirty percent of the ship demand. We're not
buying from you anymore. And their stock goes up.
Speaker 4: So we were talking because no one cares.
Speaker 1: God leaving people their own devices, yep. Yeah.
Speaker 4: And and here's the thing. The reason they're doing it
is because they think that stuff is paid the most.
We're sitting in here in a risk valued with our
biggest positions being gold and gold miners. Our portfolios are
up or that there are our main stock portfolio that
I'm the portfolio manager. Up market's up twelve twelve and
a half on the air, this thing's up thirty two,
thirty three. And we own things that are in a
fraction of the.
Speaker 3: Valuation of this stuff.
Speaker 4: Stuff that's real, stuff that's good, that's paying a dividend.
And you know, I'll say it till I'm blue in
the face, because here's the reality. Regardless, and in this
even extrapa this goes out in this for people listening
to this show, right, people will hear something like this,
and what they will do is they'll say, yeah, you know,
we should get out of that stuff.
Speaker 3: But you know, I'm just gonna wait.
Speaker 4: It just keeps going up, right, I'm just gonna wait
till it quits going up right.
Speaker 2: Okay.
Speaker 4: Then they're gonna take a twenty percent hit, and they'll
be well, I'm just gonna wait till it bounces back,
and the twenty percent will become thirty, then that'll become
forty to fifty, and then all of a sudden, they'll
be sitting there after they're sitting on a fifty sixty
or seventy percent loss, which we saw on the dot
com crash in which we saw in O eight, o nine,
and they're gonna be sitting there going, man, why did
somebody tell us? And I'm like, dude, you're the guy
that had a portfolio full of a bunch of stuff
that was growing at ten to fifteen percent and you
were and you were sitting on it at twenty five
times revenue.
Speaker 2: I like that.
Speaker 4: It's like me telling you, like feeling.
Speaker 3: Like I need to go out on the street.
Speaker 4: Right there's a three alarm fire and I'm standing out
on the sidewalk warning people not to go in. Yeah,
you know what I mean, Like I had to tell
you not to walk into that burning building. You know,
It's just anyway. And I'm not at all saying we're
the only people that are your hope or anything like that.
I'm just saying there is unbelievable opportunities out there and
stuff to buy, stuff that has already gone up a lot,
but because of this market's so stupid, it's still ridiculously undervalued,
and people are climbing over each other to buy stuff
that is completely uneconomically priced. Like if you're out there
buying Tesla, get ready to lose a ton of money.
If you've got twenty five percent of your portfolio and Nvidia,
get ready to take a bath.
Speaker 3: And you won't listen to me until it happens. But
have a blast O.
Speaker 1: Great so Zach, you had some very stern words for
people in Nvidia, people in Tesla, and you're doing your
webinar and palchair coming up. You have your webinar coming
up the seconds just a couple of days from now.
You're going to go through back to the basics, so
within the legal bounds that the SEC will let you
do if you have money in Tesla, what are two
or three places you'd shifted over to back to the basics.
Speaker 4: Like, okay, I mean there's so many choices. First of all,
I would sit there and go, what is your allocation
the international? Are there parts of international and I like
a lot more? Yes, yep, But generally speaking, I mean
you you're at such extremes right now.
Speaker 3: This sounds like, you know, this sounds like crazy talk.
Speaker 4: But I'll just say it if you if you told
me that, look, I had to have my money in
the S and P five hundred for the next ten years,
or I might have my money in random international markets
for the next ten years.
Speaker 3: Not even a question. I picked the random international markets
for the next ten years.
Speaker 1: Okay, so Internet, it's not even close. So sell your
Tesla get into the international markets as one idea, yes,
not specific advice.
Speaker 4: Yeah, I'd be choosy about it, Like I'm not saying
just throw it around. But when you understand the historical extremes,
when you understand how insane it is for the United
States stock market to be valued at seventy percent of
the entire global market cap, and that that like forty
percent of that value is tied up in six or
seven names. The people do not realize how when I
say it, you got all this stuff out there, growing
at seventeen fifteen percent, trading at twenty five times revenue.
Speaker 3: People don't know what that means.
Speaker 4: What it means is you just bought a business that
on a you just paid a price for a business
on a cash flow basis that has less than a
two percent chance of even paying you back your investment
over the next ten years. So breaking even on a
cash flow basis. Right, So it's just absurd. So gold, silver,
the miners that produce them. Anything that isn't US tech
you can go buy. Look, Bude, I don't like China, Well,
look at some of the stuff we're doing. We're doing
some of the real id the surveillance, all that kind
of stuff. You can go buy China tech that's got
just as much exposure to AI, and you can literally
get it for a fifth the valuation that you're paying
here in the United States, with way better growth metrics
and outlooks. And look, I'm not sitting there saying I'm
a big fan of red China to load up on
Chinese equities, but I'm to say like, it's so ridiculous,
and investors have gotten so home country biased and they
do not the market's gone up so long. People do
not understand that they are fighting each other to pay
twenty dollars for ten and that's just what it is,
and it's not. Is it going to end bad? You're
gonna get smoked when I don't know, but you know,
when will something? When is the wino on the corner
going to settle down and eventually shut up and go
to sleep. I don't know. I know he's going to
run out of juice at some point, right, And you
kind of feel the same about this market. But the
crazy part about it is is all the alternatives and
yet you go look at retail portfolios, it's all those
seven names. They're all loaded up and they're as confident
as can be. And I just just so you know
when you get smoked, because you will. You got smoked
owning a bunch of stuff that even if you did
five minutes of research, you'd sit there and go, this
valuation doesn't make any sense, Yeah it doesn't. Yeah, So yeah,
I get out of that. And you know all of it, right,
there's parts of the US markets you know, one of
our biggest holdings is Google. I'm not a big fan
of everything they do, but Google is actually a pretty
cheap company.
Speaker 1: It is a lot cheaper if they get split up.
Speaker 4: Yeah, I you know, the risk of that in the
near term has really gone away, especially with the government
saying that they didn't have to divest of Chrome.
Speaker 3: That was the big threat.
Speaker 1: But now the way with the ad platform they're talking
about separated the ad platform from search.
Speaker 4: Yeah, And so what I would say is that you
got to step back and remember that if there is
any divestitures that need to happen, Google will sell those assets.
They don't evaporate and go away, right, So when you
start factoring in what they can sell those things for,
then you go back and look at the company and
you're like, this thing's too cheap and so it and
this goes like, for instance, go look, and we've talked
about this before, but if you want to know how
stupid the stock market is, go look at Google's growth rate,
Go look at their gross margins, Go look at their revenues,
their profit, go look at all that. Then go look
at Apple and explain to me why Apple is trading
at a forty percent premium to Google. Yeah, it should
be at a forty percent deficit. I mean Apple's Apple's
done it beautiful. Yeah, I mean yeah, it's cool, cool
fruit man. But I yeah, I just I like, I'm
not saying they're done, as in they're going away, but Apple.
And the crazy part is it's trading at forty times earnings.
Their own CEO has come out and said.
Speaker 3: We're no longer a growth with those boxes.
Speaker 1: Man, when the city of those boxes, like when the
phone comes is so beautiful.
Speaker 4: And I hate that company. I hate that company. I
hate them because they're doing everything that I abhor right now.
Speaker 3: They've started.
Speaker 4: Remember I used to get the little charging block with
your phone. You'd get a new core and a new
little charging block. They want to hit their numbers, so
they quit including the charging block now.
Speaker 1: And they changed and they changed the plug in every
iteration of the phone because I had an iPhone eights
and they changed that, and so then I have to
have all new charging devices. And they're just changing the shape.
They're not even changing the size of innovation. Oh, huge innovation. Well,
thank you, my brother. It is always good to have
wise counsel say you have to your family and thank
you for joining us. And God be with you.
Speaker 2: Man.
Speaker 3: Thank you, hey, God bless you man. Thanks for having me.
Speaker 1: This is a Todd Herbert show. Please go, be well,
be strong, be kind, and make every effort to walk
in the light of Christ.