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Speaker 1: You know, we've been talking about this for a while.

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Digital ID is going to be a thing in the UK.

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They're building the pieces to make it a thing. Here

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we'll talk about that. We'll talk about the government shutdown.

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We'll talk about the government employees who are leaving employment

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and walking out in unprecedented numbers. It's unprecedented, Orange Man, unprecedented.

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Talk about this all with the help of my friend

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and brother, Zach Abraham. Chief investments are Bulwark Capital Management.

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Speaker 2: But Todd Herman show is one hundred percent disapproved. But

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big pharma technocrarats in Tyrone cebrianwhere from the high mountains

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of Free America. Here's the Emerald city, Exie Todd Herman.

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

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are the time to which God has decided we shall live.

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And joining me now is Zach Abraham, aforementioned chief and

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officer of Bulwark Capital Management. Welcome back to my brother.

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Speaker 3: Good to see you, good to be back.

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Speaker 4: How are you you know?

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Speaker 1: I'm I am. I'm to quote Tombstone, I'm doing swimmingly.

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Speaker 2: I like that.

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Speaker 1: I'm doing swimmingly. No, it's been a good week and

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an interesting week, but man, it feels like such. If

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you don't have faith in God right right now, I

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don't know how you don't feel like you're walking on

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lily pads of fire with what's going on in society

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and you know, the attack at the Mormon Church and

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it's Charlie and it's all these things. And if people

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that have faith, I don't know how they make it

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through this or that falling apart.

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Speaker 3: Yeah, I don't either.

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Speaker 4: And to me it is it really is the It's

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the guiding light in my life, of course, but yeah,

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but to me, I mean, there's so many things I

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would miss about it, but I would miss the certainty

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of it. Meaning there was a there's a situation that

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we ran into recently, and I won't bore you with

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all the details, but it was one of those situations

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where you go, Okay, I need to act rationally or rationally.

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I need to make I need to I need to

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act quickly, but I need to act rationally and I

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need to I need to make an informed decision, and

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I need to make a wise decision. But at the

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same time, this might call for some righteous anger and

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I was not. In this unique situation, I had an

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emotional pull one way, right, I had all these things

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going on, and the only way I was able to

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make heads or tails.

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Speaker 3: Of it was putting it through the faith filter.

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Speaker 4: Yes, right, like sitting there going, Okay, hold on, what

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are my obligations?

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Speaker 3: What have I been called to do? What is my

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duty in this scenario?

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Speaker 4: What? It was a situation that involved some potentially some

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vengeance and still does. And I'd remind myself, you know,

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vengeance's mind, says the Lord. But at the same time,

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sometimes we can be instruments of his vengeance, you know

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what I mean, and to help.

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Speaker 1: And helping God a little bit on the vengeance front.

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Speaker 3: Well, just being available, right, he doesn't need my help.

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Speaker 4: But but you know, it was kind of it was

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one of those things where at first I thought, no, no,

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that'd be me taking vengeance, and then after prayer and reflection,

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I thought, no, that's me being what God wants me

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to be and standing up for what God wants me.

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Speaker 3: To My point in all of.

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Speaker 4: That was saying, you know, sure the comfort Day by

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day I was listening to some praise and worship in

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the call, in the car and at home this morning

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and had a really good you know, just where it

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hits you and you just have a really good time

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with God and you spend them.

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Speaker 3: But but.

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Speaker 4: It's and those times I appreciate so much. But it's

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that guidance. It's that not that I know how things

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are going to play out, but I know what's called

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of me, and I know what's expected of me and

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my life. And I have a saying where in the plan,

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Be in the plan, And what we mean by that is,

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I don't know what the plan is, but as long

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as I'm where God wants me to be, I love

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where we're headed, you know what I mean, Like just

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just that faith of saying look and and and not

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saying it's going to work out the way I want

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it to. Yep, but it's gonna work out the way

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He does he wants it to. And as long as

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I'm in the plan, I got nothing else. So to

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your point, it's a long way of saying I agree

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with you, I don't. I feel like if I didn't

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have God in my life right now, i'd be I'd

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be angry, I'd be bitter, I'd be vitriolic, I'd want

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I'd want revenge. And I feel like that's the only

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thing keeping me from stumbling around in the dark, you

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know what I mean.

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Speaker 1: Yeah, And I think sometimes you don't know, you can't

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yet see what God's plan is, but you know the planner.

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So since you know the planner, you know that the

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plan is going to be okay. So that brings me

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to like this, this conversation we need to have about

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what's going on in England. This announcement they made, this

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just not got anywhere near enough attention. We need to

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talk about that. And then the hidden small prints around

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President Trump's announcement that Pfizer is going to lower their

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drug costs. Hey, look at that Medicaid not to Medicare, etc.

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There's a seventy billion dollars secret hidden in that. So

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unfolding both of these things with sach Abraham, my friend

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Tim Krukshank did what I didn't do. He served, He

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was a Navy seal, he was a medica attached to

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three seal teams or probably three deployments as a member

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of the seal team. And when he came back he

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started bonefrog Coffee dot Com because not everybody came back.

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Bone Frog Coffee honors the lives of fallen Navy seals

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by supporting their families. Ten percent of proceeds go to

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support the families of fallen Navy seals. And he was

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refused to do this with junk coffee, so he recruited

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a coffee legends to help him make bone Frog. It's

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a mentor's team. He hires veterans whenever he can. He

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just sent two of his guys to Buds to go

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become a Navy seal like he was. Instantly he was

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also Buds and Structors. I bet they got special tips.

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This is a company you do well to support. A

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because of the mission. B because it's the world's best coffee.

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Go to Bonefrog Cooffee dot com slash todd use promo

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code todd to get ten percent off your first purchase

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fifteen percent of subscription coffee. Make us stop by their

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merchandise department. I don't know how Tim does it. He's

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I don't know if he's an artistic cat, but someone

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there is because it's some of the coolest merchant exists.

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It's Bonefrogcoffee dot Com slash Todd promo code Todd. Tim

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came back from war to help us family with this stuff.

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We can help him as well. It's Bonefrog coffee dot

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com slash Todd so Zach here is Keros Starmer in

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the UK and the way he makes this announcement is

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so so smug and arrogant.

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Speaker 5: And that is why today I am announcing this stuffment.

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Will make a new free of charge digital ID mandatory

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for the right to work by the end of this Parliament.

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Let me spell that out. You will not be able

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to work in the United Kingdom if you do not

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have digital ID. It's as simple as that. Because decent, pragmatic,

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fair minded people, they want us to tackle the issues

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that they see around them. And of course the truth

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is we won't solve our problems if we don't also

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take on the root causes, looking upstream poverty, conflict.

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Speaker 1: He's talking about. The picture is that this is the

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way they're going to solve the immigration crisis Act.

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Speaker 4: So they're not trying to solve the immigration crisis. There

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isn't a crisis. It's their immigration plan.

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Speaker 3: Yes, I.

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Speaker 1: Like, you get a loss for words.

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Speaker 4: Well, it's just the goal and the willingness for these

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people to stand in front of their constituency and just

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lie to them, and the willingness of that constituency, like

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like hogs the slop, just sock it up and look

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at you, like what we conspiracy? And I'm sitting there going,

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oh yeah, yeah, brilliant idea. Trust the government that has

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flooded your country in a way that it's it's not

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even recognizable anymore. And your wife can't walk down to

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the corner store without getting assaulted with somebody with a

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box cutter, right like we I mean it's yeah, and

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just keep believing that guy. Yeah, it's for security, they say.

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Speaker 3: Right, lock you down.

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Speaker 4: I mean the willingness of these people. You know, you

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you go watch a movie like v per Vendetta and

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you sit there and you go, you guys, you guys

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still think the problems on.

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Speaker 3: The other side, don't you.

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Speaker 4: You're sitting there getting locked up for social media posts,

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you're getting a mandated digital ID, and you're worried about

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the fascists. I mean you you you know, when it

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goes to something, they're like, you know, it's like, what

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the end of freedom, It'll be met.

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Speaker 3: With nash teeth.

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Speaker 4: No, no, no, no, the end of freedom. Freedom will

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end with a whimper. And you're watching that in the

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UK right now. You're watching a culture that has been

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hollowed out, that has been demasculinized, that they've been defanged,

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and now they've just got to do what deer Leader

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tells them. And it's just it's disgusting. I look at

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the Brits and I'm like, that's all that. This is

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how you're going out right, just not with your.

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Speaker 3: Boots on right.

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Speaker 4: I mean, come on.

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Speaker 1: They did a petition when this is announced in a

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live twenty four hours, it got two million signatures and

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then as three million and four million, Hey, sign out

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all the things you want, All this stuff is in place,

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and again to the Bibles Act. This is a dry

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run for the Mark of the Beast. I'm sorry to

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be a religious conspiracy theorist, but the book tells us

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those without the mark will neither be able to buy

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nor sell. Now, this isn't the Mark of the Beast.

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It's not even yet a digital central digital currency. But

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what does it matter. You can't earn currency without having it.

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It's one step from that. So again into the Bible.

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These things are gonna happen to me, Prais guy, He's

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right again.

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Speaker 4: But this is so funny because the truth is right

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in front of you. Hey, everybody that's a legal citizen.

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I need you to get this government mandate legal ID

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so we can fix the illegal problem.

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Speaker 2: What right?

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Speaker 3: Come again?

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Speaker 2: Right?

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Speaker 3: Okay?

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Speaker 4: So you need enhanced look through on my life to

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make sure the illegal immigrants don't get in.

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Speaker 3: Got it? Got it?

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Speaker 2: Yeah?

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Speaker 3: That makes perfect sense.

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Speaker 1: Okay, you know, are you willing? Here's where this gets

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interesting to me. I mean there's the financial aspect of this,

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which is interesting because Bill Gates is stepped up. He's

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a stakeholder in this. Larry Ellison is his stakeholder in this.

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Larry Ellison, who's a big fan of surveillance in the

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United States. He's talked about the camera on cops, and

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the cops will behave and the citizens will behave. Everybody's

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getting me in their best behavior. He's apparently going to

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own a piece of TikTok. He's going to own the

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data from TikTok. Oh, good because he's going to be

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a good guy with this. But Roman's thirteen. This is

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the hardest part of the Bible for many, many, many conservatives.

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It is that we will obey the governments, princes, authorities,

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kings will obey them because we're to be blameless in

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this way. They're placed there by God. God gave them

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the ability to do this. God put care Starmer there.

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And I look at the United States, and if they

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came with a digital ID here, I don't think I'd

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sign up. And I think i'd feel okay with Romans thirteen.

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I think i'd say no, and I'd do it based

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on this. I know where this is headed. This is

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headed to you will lie, if you want to work,

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you will back policies that are ungodly. If you want

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to work, you'll back it with your mouths. You'll stop

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going to bother some churches. I know where this is headed.

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I think we as Christians have the right to use

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their skepticism to look at this and say no, not

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this one. Where do you think that stands on Romans thirteen?

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Speaker 4: Well, first of all, I would say, I think I

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think that you know, render to Caesar what is Caesar,

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and follow the laws of the land and all.

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Speaker 3: That kind of stuff. And I agree with you there.

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Speaker 4: Where I do disagree with you is is I do

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not think that Sturmer, that God puts Sturmer there.

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Speaker 1: I think that when they put him there allows them.

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Speaker 3: To yeah, allows them to be there.

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Speaker 4: Yeah, just because because what I think happens, and I

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think the Bible is replete with examples of this, is that,

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you know, the part of love is love is never coercive, right,

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it's free will.

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Speaker 3: And you know.

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Speaker 4: The Bible, like I said, the Bible's replete of examples

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of God saying now you don't want to do you

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don't want a king, you don't want a king now?

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Speaker 1: And now we do, we want one, We want him Samuel, right, yeah.

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Speaker 4: And and I think that when cultures take on kind

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of a reprobate heart, right, what the Bible refers to

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just complete turning their back and all sense of reality,

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like you're just throwing it out there, for instance, like

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saying a man can be a woman, right, like offering

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up the children as young as ten and twelve years

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old to permanent sexual mutilation, things like that.

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Speaker 2: Right.

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Speaker 4: I think that God kind of does one of these,

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you know, and says let him eet key, have what

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you want.

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Speaker 1: We talked about this this week, that God turns people

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over to their sexual perversions. So the own devices to

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the spirit of the flesh were talking about this. This

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is God's version of Hey, you know what I showed

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you my word I sent my son. You've heard the

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word you noa exists. You refuse to follow what I

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need you to do in order for you to become holy,

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to make it into trinity. Therefore you go be you.

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It's God's version of you. Go be you. But God

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could strike Karl Starmer down whenever he wants to. But

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why would he because this is the brit saying that

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I want these things. So would you, Zach if this

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came about the United States, would you say, no, not

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doing it. So if they came along and said, hey,

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there's no more bulwork, you can't do it. There's there's

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no digital idea, would you be one of the people

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who said.

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Speaker 4: Okay, I you know, I don't know, and and and

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the reason I don't know that is full full disclosure.

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I never once had any misk I. You know I well,

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and you and I were doing our thing at the time.

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But I had no illusions about the vaccine.

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Speaker 3: I took it.

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Speaker 4: I had to, I had to go travel outside the

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country for work, and you know, no booster is nothing

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like that. And thank god, I didn't have any adverse reactions.

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But I might depending on how it's structured. I'm also

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not at a point. I've got a lot of employees

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that rely on me and rely on our business, and

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a lot of clients to do as well.

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Speaker 3: And I don't know.

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Speaker 4: I mean, I I would have to see. What I

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do know is that if there were any if there

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were any aspects of sign up for that, and if

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it obligated me to do anything, to do anything that

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I thought was more that they could morally compromise me, no,

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I would stand.

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Speaker 3: I would stand firm on that.

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Speaker 4: But if this is just a new form of government

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and you got to get it to run a business

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or go around, I don't know.

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Speaker 3: I'd have to see.

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Speaker 4: Like I said, if it obligated me to do anything

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that I wasn't comfortable with, absolutely not.

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Speaker 2: Well.

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Speaker 1: My point is I think it will obligate us to

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do things that are uncoverable. That's that's why you and

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I are a little different in this. I don't have

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as many people depending on me. You know, my family

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defends on me. And this is going to open up

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a fascinating event here in the United States of America.

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They are going to push this. Larry Ellison and Bill

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Gates are going to try to make this happen. I'm

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a hard no, and and that's very scary because a

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hard no means how are you going to get money? Well,

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in North Idaho, I think there's going to be a

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lot of hard nos, you know, Zach. When they put

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the mask sticks out on that got followed here for

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about four days, and and then and then people the

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masks off the face. I didn't take this shot because

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I just see too many pieces in place. Look at

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China and what they're doing. You yourself mentioned people being

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taken out of their homes in the UK for social

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media posts. They don't even need to do that anymore.

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They just you know, your digital ID, you pulled it,

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open your phone and there's a little remark there. Yeah, sorry,

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you don't work anyone, and you know this is going

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to be tied to bank accounts eventually. This is one

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step from that, and eventually they just hey, you know

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what that social media post? Congratulations, that just cost you

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four hundred pounds.

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Speaker 4: Well, I look. And the other thing that really depends

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on is what you can't work any more means right

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like meaning if you're if that becomes the standard that

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every business requires in order to you know, employ you

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then that really shouldn't cause you and I'm much of

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a much trouble because right we run our own businesses.

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I wouldn't think that would impact us because we.

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Speaker 3: Could just say you don't have to do that here

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right now.

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Speaker 4: Eventually I would think it it'd become more coercive. But yeah,

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if it's like that in the beginning, absolutely I won't

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sign up for it.

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Speaker 3: Yeah, No, I'm going to avoid it as long as Yeah,

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I've avoided as long as possible.

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Speaker 1: Well, I think America's men to make a decision now

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because the Brits did this petition, and I think we

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need to be really hardcore with politicians on this. For instance,

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I will never vote for a politician who backs this ever,

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I don't care what don't you do. Ever, I'll never

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give you money, I will primary you. I'll vote for

356
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a Democrat ahead of you. If a Democrat says no

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to this stuff, I'll vote for a Democrat or a

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Republican that this sponsors this stuff. And I think we

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need to talk to businesses as well. And I think

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businesses need to understand something. There's going to be a

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lot of people who say no to the digital I

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d here and they're still going to need to eat.

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And you reach an interesting moral line here, you really

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do richest point of morality of Okay, the government's forcing

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us down a digital ID path. We know this is

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a social credit system. We know how this happened in China.

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And if you are going to play along with this

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China Marts and other stores, well then maybe steal from you.

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I don't want that to happen. But man, there's this

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is to me, this is a lynchpin moment.

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Speaker 3: Zach Oh no, no, I and I agree with you.

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Speaker 4: And it's not it you know, for people out there,

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I think a lot of the people listening to your

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show understand exactly what it is that we're talking about.

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But it's it's not that it's not.

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Speaker 3: That there's something nefarious.

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Speaker 4: Or bad about that real ID, right, it's what they're

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going to do with it, and and it's it's another

379
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lever of control. And if people can't see that, they

380
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don't want to. And it's a pretty exacting lever of

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control because the reason they're going to mandate it is

382
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you will, like you know, you see it happening on

383
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airplanes right now.

384
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Speaker 3: Now all of a sudden, you need a passport.

385
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Speaker 4: Right, next step will be you got to have that

386
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idea to travel on an airplane. Yep, we all saw it,

387
00:18:46,720 --> 00:18:48,400
and and you were pointing it out at the time.

388
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That was the kind of thing about the you know,

389
00:18:49,960 --> 00:18:52,279
the vaccine passports, that was kind of a trial run on.

390
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Speaker 3: This whole concept. Absolutely, will people submit, will people go

391
00:18:55,440 --> 00:18:55,880
go through it?

392
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Speaker 4: And it just it's it's so shocking to It's not

393
00:19:02,759 --> 00:19:05,240
because the Bible talks about it. You see so many

394
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examples throughout history, but watching the way in which people

395
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go down without a fight and willingly build their own prisons.

396
00:19:14,240 --> 00:19:15,759
My wife and I were talking about that last night

397
00:19:15,759 --> 00:19:18,480
about feminism. Right, you sit there and go, what is

398
00:19:18,599 --> 00:19:21,920
the greatest danger to feminism? It's feminists? Yeah, right, Like

399
00:19:22,599 --> 00:19:26,240
they're building their own prison. It is so bizarre, Right,

400
00:19:26,319 --> 00:19:28,920
you watch all these women attacking JK Rowling and you're

401
00:19:28,920 --> 00:19:32,119
sitting there going, guys, you're not going to have women's

402
00:19:32,119 --> 00:19:34,640
sports left if women like her quit talking right and

403
00:19:34,720 --> 00:19:37,000
quit speaking up, you're bidding against yourself.

404
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Speaker 2: Yep.

405
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Speaker 4: Really, it's just it is a time of mass delusion

406
00:19:41,920 --> 00:19:45,400
and it's really unbelievable to watch on a daily basis.

407
00:19:45,519 --> 00:19:47,759
Speaker 1: So I'm going to say some things that are going

408
00:19:47,839 --> 00:19:49,920
to sound absurd, things I don't do in a second,

409
00:19:50,039 --> 00:19:52,799
and I'm begging people to do this. I am telling

410
00:19:52,920 --> 00:19:57,640
you when I started talking about COVID before the lockdowns came,

411
00:19:57,759 --> 00:20:01,960
before the shots came, and I said, please stop needing

412
00:20:02,079 --> 00:20:05,720
to go to NFL football games, Please stop needing to

413
00:20:05,839 --> 00:20:09,480
go to theaters, Please stop needing to go to restaurants.

414
00:20:09,519 --> 00:20:11,640
Please look at this as extra time with your families.

415
00:20:12,039 --> 00:20:14,680
It's because I knew what was coming. I know what's

416
00:20:14,720 --> 00:20:17,279
coming with this digital ID stuff, and I know the math.

417
00:20:17,960 --> 00:20:20,799
There is a mathematical formula when enough people do the

418
00:20:20,920 --> 00:20:23,799
following things that are going to switch over to digital ID.

419
00:20:23,960 --> 00:20:25,920
So we'll talk about that in a second. All of

420
00:20:26,000 --> 00:20:28,160
us build environments. In our homes. You may have an

421
00:20:28,279 --> 00:20:30,920
environment of cleanliness or maybe a little bit more sloppy,

422
00:20:30,960 --> 00:20:34,319
but I guarantee you buy soap. I guarantee you wash

423
00:20:34,359 --> 00:20:37,079
your body and in your family. Does you have soap?

424
00:20:37,119 --> 00:20:39,839
In your businesses or customers can wash their hands? So

425
00:20:40,039 --> 00:20:42,920
do this build an environment that shows that you believe

426
00:20:43,279 --> 00:20:46,319
all lives matter and that you act that way. Alansoaps

427
00:20:46,359 --> 00:20:49,559
dot com slash Todd is a soap company that's dedicated

428
00:20:49,599 --> 00:20:52,519
to employing people the rest of the world would toss

429
00:20:52,640 --> 00:20:55,839
out or would have aborted. Frankly, Alan is one of

430
00:20:55,880 --> 00:20:59,200
those cases. He's fourteen, He's been through eighteen operations. He's

431
00:20:59,279 --> 00:21:00,279
not a Scott.

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00:21:00,920 --> 00:21:01,680
Speaker 3: He works there.

433
00:21:01,920 --> 00:21:05,400
Speaker 1: He's in quality control and packaging. He invents fragrances. If so,

434
00:21:05,880 --> 00:21:08,359
he just can't speak very well, if at all. He's

435
00:21:08,400 --> 00:21:11,480
effectively nonverbal because of this or his placement on the

436
00:21:11,559 --> 00:21:15,519
autism spectrum. His brother Ian, also autistic, works there also

437
00:21:15,680 --> 00:21:17,119
someone that the rest of the world would say he

438
00:21:17,279 --> 00:21:20,400
can't work. Yes he does. The soap is made by

439
00:21:20,519 --> 00:21:24,519
family with three generations of soap making expertise. No chemicals,

440
00:21:24,680 --> 00:21:27,519
no additives, perfectly natural. So use that environment in your home.

441
00:21:27,599 --> 00:21:31,000
It's Alan Soaps dot com slash Todd so Zach. You

442
00:21:31,119 --> 00:21:34,240
might notice this when we go to dinner. If I

443
00:21:34,359 --> 00:21:37,119
go to a restaurant and that restaurant has a QR

444
00:21:37,240 --> 00:21:40,000
codes at the table, and there's a there's a place

445
00:21:40,079 --> 00:21:42,440
in Idaho it's and it's a run by Vets, it's

446
00:21:42,559 --> 00:21:45,400
like Conservative Scott. All the American flags, Patriot flags. I

447
00:21:45,440 --> 00:21:47,519
went in This is several months ago with the buddy

448
00:21:47,519 --> 00:21:49,519
of mine. He was over from Seattle, sat down to

449
00:21:49,559 --> 00:21:52,920
eat and I said, kind of a menu, and she goes, oh,

450
00:21:52,960 --> 00:21:56,759
we don't use this anymore, just QR codes. I said,

451
00:21:56,799 --> 00:21:59,519
do you have a paper menu? She goes, no, we're

452
00:21:59,559 --> 00:22:01,720
not using the it's just QR codes. And so when

453
00:22:01,759 --> 00:22:03,480
she came back to take her orders and said, I'll

454
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have a nice water, she goes, that's it. I go, yeah,

455
00:22:08,200 --> 00:22:11,680
you guys don't have menus because you could use our

456
00:22:11,720 --> 00:22:13,640
cure code. I don't use car codes. I am not

457
00:22:13,720 --> 00:22:17,119
going to scan my phone and give you access to

458
00:22:17,279 --> 00:22:19,680
take a snapshot of my phone. I'm not going to

459
00:22:19,960 --> 00:22:24,079
normalize the behavior. I refuse to normalize the behavior. Same

460
00:22:24,200 --> 00:22:27,440
thing an airline I fly. You know what, we only

461
00:22:27,559 --> 00:22:30,559
use apps for purchases. Now, okay, I'm not purchasing anything.

462
00:22:31,400 --> 00:22:31,599
Speaker 2: Yeah.

463
00:22:32,079 --> 00:22:35,200
Speaker 1: And I'm telling you because I worked in tech, I

464
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know that there are these projections. When enough people are

465
00:22:38,319 --> 00:22:40,920
doing this, the risk is gone. Then I'm looking at

466
00:22:40,960 --> 00:22:42,640
the carrots. I went to China Mark the other day

467
00:22:43,319 --> 00:22:46,440
and they are pushing so hard, connect with your phone,

468
00:22:46,440 --> 00:22:48,599
Connect with your phone, connect with your phone, and we'll

469
00:22:48,640 --> 00:22:51,000
give you discounts and free stuff. And Walmart's pushing this.

470
00:22:51,599 --> 00:22:53,319
They have the math too, and they want all this

471
00:22:53,400 --> 00:22:56,319
stuff because tell me, the government's not pitching the digital

472
00:22:56,359 --> 00:22:59,319
i D back to businesses saying the digital ID will

473
00:22:59,359 --> 00:23:01,839
give you a bunch of tracking information. Tell me they're

474
00:23:01,839 --> 00:23:02,279
not doing that.

475
00:23:03,599 --> 00:23:05,759
Speaker 3: Well, I mean one, I mean they are.

476
00:23:05,839 --> 00:23:07,279
Speaker 4: And that's why all these guys, I mean why, that's

477
00:23:07,279 --> 00:23:10,400
why Ellison wants to It's all it's just this data game, right,

478
00:23:10,519 --> 00:23:12,359
And I mean they're all after it, and that's.

479
00:23:12,200 --> 00:23:12,960
Speaker 3: The game they're playing.

480
00:23:13,039 --> 00:23:15,799
Speaker 4: That's what TikTok's all about. That's what this government ID

481
00:23:15,960 --> 00:23:19,720
is all about. And I yeah, it's.

482
00:23:21,240 --> 00:23:22,480
Speaker 3: It's kind of weird sitting.

483
00:23:22,279 --> 00:23:25,759
Speaker 4: Here watching the construct of the Dystopian, you know, the

484
00:23:26,200 --> 00:23:28,519
civilization that you were always scared to death of, and

485
00:23:28,559 --> 00:23:31,000
you're watching you know, you're watching.

486
00:23:30,720 --> 00:23:34,119
Speaker 3: The the the studs, if you will, right the walls.

487
00:23:34,440 --> 00:23:35,960
You're watching the walls go up.

488
00:23:36,119 --> 00:23:39,759
Speaker 4: And everybody's just you know, blissfully unaware. And in that way,

489
00:23:39,839 --> 00:23:43,519
it's not a surprise, right, So so many of those movies,

490
00:23:43,559 --> 00:23:45,880
so many of those books have gotten it so right

491
00:23:45,960 --> 00:23:48,799
on how people You're just shocked at what people will.

492
00:23:48,839 --> 00:23:54,240
Speaker 3: Will accept and it's it's it's just remarkable.

493
00:23:54,599 --> 00:23:59,079
Speaker 4: It it is also remarkable to watch and and this

494
00:23:59,240 --> 00:24:02,880
all ties back into it, right, the level of deceit

495
00:24:03,640 --> 00:24:07,319
and the level of how checked out people are, and

496
00:24:07,519 --> 00:24:10,680
the level of how ignorant they are, and how unaware

497
00:24:10,759 --> 00:24:14,680
they are to what's going on around them, and you know,

498
00:24:14,839 --> 00:24:16,920
all of those things. If you can still look and

499
00:24:17,000 --> 00:24:18,880
I and honestly look, I think that's why so many

500
00:24:18,920 --> 00:24:21,240
people are waking up. If you can look at this

501
00:24:21,440 --> 00:24:24,880
and not see the spiritual game at play, you know,

502
00:24:24,960 --> 00:24:28,480
I guess ignorance is bliss, but you know you're you're

503
00:24:28,519 --> 00:24:31,079
not seeing the game. You're not seeing what's going on,

504
00:24:31,880 --> 00:24:34,599
and you're not seeing that the lines are getting drawn

505
00:24:34,759 --> 00:24:37,160
and this is quickly becoming a battle of good and evil.

506
00:24:37,319 --> 00:24:39,480
Speaker 1: Yeah, it really is right. And that's why I just

507
00:24:39,519 --> 00:24:42,039
beg people to not normalize these behaviors. I wanted to

508
00:24:42,119 --> 00:24:44,039
ask you, and I do want to get into the

509
00:24:44,079 --> 00:24:46,920
government shut down or yawn. I don't care shut the

510
00:24:47,000 --> 00:24:49,319
government down, I don't care. I hear this every two years.

511
00:24:49,359 --> 00:24:51,680
I don't care. But something we should talk about in

512
00:24:51,799 --> 00:24:55,759
terms of economics. But did you see President Trump bring

513
00:24:57,359 --> 00:25:01,000
Albert Burla, the CEO for it. Did you see him

514
00:25:01,079 --> 00:25:03,799
bring him into the White House and do this glad

515
00:25:03,880 --> 00:25:06,119
handing announcement where Pfizer is going to cut the cost

516
00:25:06,200 --> 00:25:09,279
of their drugs to medicaid to the most Favored nation status.

517
00:25:09,319 --> 00:25:12,359
Did you get the memo on what we're giving Phizer

518
00:25:12,640 --> 00:25:15,039
on this, because I know you're busy tracking the stock

519
00:25:15,160 --> 00:25:17,599
market and things that affect my retirement, et cetera. But

520
00:25:17,720 --> 00:25:21,400
did you get the the Oh, by the way, small

521
00:25:21,480 --> 00:25:22,839
prints into this announcement?

522
00:25:23,920 --> 00:25:24,839
Speaker 3: You mean you mean.

523
00:25:24,839 --> 00:25:28,880
Speaker 4: Beyond no liability on the most profitable drug they'll ever sell.

524
00:25:28,960 --> 00:25:31,759
Speaker 1: I mean, in addition to that, right right, the stuff

525
00:25:31,799 --> 00:25:33,839
that they forced on us that continues to take live seah,

526
00:25:33,880 --> 00:25:34,440
there is something in.

527
00:25:34,480 --> 00:25:35,079
Speaker 4: Addition to that.

528
00:25:35,160 --> 00:25:35,839
Speaker 1: I wonder what it is.

529
00:25:36,000 --> 00:25:37,000
Speaker 3: No, I didn't. I didn't.

530
00:25:37,400 --> 00:25:41,680
Speaker 4: I'm not surprised, but I'm not. Why would I be

531
00:25:41,920 --> 00:25:44,720
surprised that we have to give them more? Okay, I'm not.

532
00:25:44,920 --> 00:25:50,279
Speaker 1: Here's what we're giving them, seventy billion dollars for research

533
00:25:50,359 --> 00:25:53,880
and development into more MR and A applications.

534
00:25:54,759 --> 00:25:55,400
Speaker 3: Fantastic.

535
00:25:55,640 --> 00:25:59,519
Speaker 1: So we're talking here, Zach, about a vaccine for cancer,

536
00:26:01,079 --> 00:26:03,799
an MR and a vaccine for cancer. We're talking about

537
00:26:03,839 --> 00:26:07,680
an m R and a injection for obesity. We're talking

538
00:26:07,720 --> 00:26:11,920
about an expanded vaccine portfolio for flu bird flu rs

539
00:26:12,000 --> 00:26:18,160
FEE and for chronic disease biologics in inflammation and immunology.

540
00:26:18,799 --> 00:26:23,160
Speaker 4: And all of this before we even admit, let alone

541
00:26:23,240 --> 00:26:26,359
research and look into it. All of this before we'll

542
00:26:26,400 --> 00:26:28,400
even admit the problems with the first.

543
00:26:28,400 --> 00:26:30,359
Speaker 3: M on our mRNA vaccine that was issued.

544
00:26:30,440 --> 00:26:32,799
Speaker 4: Right right, We're not even to admit the problems there.

545
00:26:33,160 --> 00:26:36,079
We're just gonna pretend that the technology is just solid

546
00:26:36,440 --> 00:26:37,480
and we're rolling.

547
00:26:37,240 --> 00:26:39,279
Speaker 3: This baby out and it's all gonna be great. And

548
00:26:39,480 --> 00:26:41,119
I'll tell you what, man, these are the things that

549
00:26:41,160 --> 00:26:42,960
Trump goes along with where I sit there and I go,

550
00:26:43,680 --> 00:26:44,319
what are you doing?

551
00:26:44,759 --> 00:26:44,799
Speaker 2: What?

552
00:26:47,640 --> 00:26:48,400
Speaker 4: Walk me through this?

553
00:26:49,240 --> 00:26:51,599
Speaker 3: And if you still think that Big Pharma is a

554
00:26:51,680 --> 00:26:52,559
friend of ours, I.

555
00:26:52,880 --> 00:26:56,960
Speaker 4: Seriously question you and your ability to lead, because if

556
00:26:57,000 --> 00:26:59,839
you can't string those two together, you're not trying to.

557
00:27:00,640 --> 00:27:04,160
I'm speechless about it, and I'm really disappointed.

558
00:27:04,720 --> 00:27:07,160
Speaker 1: I am deeply disappointed in the President and this. And

559
00:27:08,519 --> 00:27:11,000
he was starting to get there. It seemed he was

560
00:27:11,079 --> 00:27:13,519
starting to actually say some things it made sense, and

561
00:27:13,640 --> 00:27:16,519
wondering if Operation Warp Speed was his success or not.

562
00:27:17,000 --> 00:27:19,039
He wanted to know. He was demanding the numbers he

563
00:27:19,079 --> 00:27:21,880
said they told him these numbers in private, but wouldn't

564
00:27:21,880 --> 00:27:24,000
say them in public. And then he comes out and

565
00:27:24,119 --> 00:27:27,599
he said, Zach, he referred to Pfizer as one of

566
00:27:27,640 --> 00:27:30,079
the best companies in the world, one of the greatest

567
00:27:30,119 --> 00:27:32,400
companies in the world, a company that is paid the

568
00:27:32,599 --> 00:27:36,839
largest criminal fine in history, criminal INTI of four hundred

569
00:27:36,839 --> 00:27:40,359
and thirty billion dollars. And this is one of many, many,

570
00:27:40,400 --> 00:27:43,920
many fines that they've paid. So has anything changed in

571
00:27:44,000 --> 00:27:47,839
your mind in terms of big business and government with

572
00:27:48,000 --> 00:27:51,039
President Trump? And I don't like having these conversations because

573
00:27:51,079 --> 00:27:54,000
I support the President on most of his policies, immigration,

574
00:27:54,359 --> 00:27:58,559
bringing manufacturing back, making America strong again, getting DEI out

575
00:27:58,599 --> 00:28:01,519
of our military, having jenderkin use people not in our

576
00:28:01,559 --> 00:28:04,680
military because it's a mental disorder and it affects troop readiness,

577
00:28:04,680 --> 00:28:07,519
et cetera. But does anything change in your mind with

578
00:28:07,640 --> 00:28:09,880
big business and President Trump in office?

579
00:28:11,319 --> 00:28:12,400
Speaker 2: Not? Not really.

580
00:28:14,680 --> 00:28:16,440
Speaker 3: And let me let me let me unpack that a

581
00:28:16,480 --> 00:28:16,799
little bit.

582
00:28:18,039 --> 00:28:21,200
Speaker 4: So am I disappointed, Yes, But unlike a lot of

583
00:28:21,279 --> 00:28:24,359
other Trump supporters, I took the guy at face value,

584
00:28:24,599 --> 00:28:27,359
and I did not think that he was this sent

585
00:28:27,480 --> 00:28:32,799
by God's Savior for the United States, right, So meaning

586
00:28:34,240 --> 00:28:36,480
and I don't want people to misread what I'm saying.

587
00:28:36,680 --> 00:28:40,480
Do I think that God had a role in those elections, Yes, yep.

588
00:28:40,680 --> 00:28:43,279
Speaker 1: I believe he's saved from assassination.

589
00:28:44,240 --> 00:28:44,480
Speaker 3: Yeah.

590
00:28:44,759 --> 00:28:44,960
Speaker 2: Yeah.

591
00:28:45,200 --> 00:28:48,200
Speaker 4: But but it also doesn't mean that he's what you

592
00:28:48,319 --> 00:28:51,000
want him to be either, right, Like, you need to

593
00:28:51,039 --> 00:28:52,839
be honest. And I think one of the things that's

594
00:28:52,839 --> 00:28:54,759
refreshing about Donald Trump, and one of the things I

595
00:28:54,920 --> 00:28:57,880
like a lot about him is I think for the like,

596
00:28:58,039 --> 00:29:01,240
it's ironic to me that he he lies all the things.

597
00:29:01,759 --> 00:29:04,240
He's probably the most honest president in my lifetime in

598
00:29:04,359 --> 00:29:06,440
terms of if you want to know what he thinks,

599
00:29:06,480 --> 00:29:08,880
he's going to tell you, right. But also don't be

600
00:29:09,000 --> 00:29:11,480
a fool and don't extrapolate your own values on him.

601
00:29:11,920 --> 00:29:12,039
Speaker 2: Right.

602
00:29:12,160 --> 00:29:14,200
Speaker 4: This is the same guy that had that conversation with

603
00:29:14,279 --> 00:29:17,039
Billy Bean and the trailer, or Billy Bush and the trailer.

604
00:29:17,480 --> 00:29:20,160
This is the same guy that was cavorting with a

605
00:29:20,359 --> 00:29:24,480
prosper a pornographic actress when his wife was a home pregnant.

606
00:29:24,720 --> 00:29:28,440
I mean, like, don't just because I've supported him and

607
00:29:28,720 --> 00:29:32,400
I think he is a much better alternative than anything

608
00:29:32,440 --> 00:29:34,440
we were offered, doesn't mean that I'm going to turn

609
00:29:34,480 --> 00:29:36,640
a blind eye to what he is and the areas

610
00:29:36,720 --> 00:29:38,720
in which I think he could be compromised, And I

611
00:29:38,799 --> 00:29:41,440
think when it comes, I think that Trump has picked

612
00:29:41,519 --> 00:29:45,000
up the cultural mantle because he believes in some of it,

613
00:29:45,119 --> 00:29:48,279
and I think it's also convenient to do to get

614
00:29:48,359 --> 00:29:50,880
the support of the people who support he wants. But

615
00:29:51,000 --> 00:29:52,880
I think at the end of the day that Trump

616
00:29:53,000 --> 00:29:57,480
is primarily about business, and I think that he has

617
00:29:58,000 --> 00:30:02,319
an unhealthy and unjustified trust in big bureaucracy, and I

618
00:30:02,359 --> 00:30:05,039
think that that is backed up by what he's saying

619
00:30:05,039 --> 00:30:07,200
about Pfizer. Again, I take him at face value that

620
00:30:07,640 --> 00:30:10,920
he took the vaccine, that he was extraordinarily concerned about COVID,

621
00:30:11,440 --> 00:30:14,920
and I think that this is yet another reminder of

622
00:30:15,079 --> 00:30:18,880
no matter what you think of a man, when he's

623
00:30:18,920 --> 00:30:22,359
telling you who he is, listen and do not transcribe

624
00:30:22,480 --> 00:30:25,640
onto that man the qualities of God. Right, because no

625
00:30:25,759 --> 00:30:28,160
man is infallible, No man is able to carry the

626
00:30:28,240 --> 00:30:31,680
mantle without any slipping or any mistakes or anything like that.

627
00:30:32,359 --> 00:30:35,759
But also, let's not be like the people that, in

628
00:30:35,880 --> 00:30:38,480
my opinion, are driving this country into the ditch. Right,

629
00:30:38,599 --> 00:30:40,920
Let's not be the people that can't see the speck

630
00:30:41,000 --> 00:30:43,960
of wood or the sliver in our own eye. And

631
00:30:44,119 --> 00:30:47,119
let's certainly not idealize our leaders and make them into

632
00:30:47,200 --> 00:30:49,319
something that they're not just because that's what we want

633
00:30:49,359 --> 00:30:51,920
them to be. And I think Trump needs a lot

634
00:30:51,960 --> 00:30:57,480
of prayer. And I think Trump lacks wisdom. I didn't

635
00:30:57,480 --> 00:31:00,920
say he doesn't have any, but I think a lot

636
00:31:01,000 --> 00:31:03,119
of those things if we're looking at it with clear

637
00:31:03,240 --> 00:31:06,359
eyes and we're not looking at it through a partisan

638
00:31:06,519 --> 00:31:08,359
political lens, I think a lot of the things I

639
00:31:08,480 --> 00:31:09,680
just said are really hard to argue with.

640
00:31:10,200 --> 00:31:13,839
Speaker 1: And I think that what the president's doing. And Okay,

641
00:31:13,920 --> 00:31:16,759
indicting Jim Comey, I'm a fan. Let's go after all

642
00:31:16,799 --> 00:31:18,920
the people who did the Russia hoax thing. I'm a fan.

643
00:31:19,279 --> 00:31:21,799
Jim Comey himself talking about people who walked into the

644
00:31:21,880 --> 00:31:23,960
Capitol and turned around and left, said we're going to

645
00:31:24,000 --> 00:31:25,759
punish you just so no one ever does it again.

646
00:31:25,799 --> 00:31:30,400
So let's make sure there's punishment. Border policy meaning what

647
00:31:30,480 --> 00:31:33,759
he meant, doing what he said about illegal immigration, showing

648
00:31:33,799 --> 00:31:36,279
people that doesn't matter how long you here, you can't stay,

649
00:31:36,400 --> 00:31:38,720
so come in legally then you can stay. I'm a

650
00:31:38,839 --> 00:31:41,359
fan of that. I'm a fan again of cleaning up

651
00:31:41,400 --> 00:31:44,240
the military, cleaning up the cities. I don't love having

652
00:31:44,279 --> 00:31:47,559
the military in the cities, and then again, I hate

653
00:31:48,119 --> 00:31:51,160
seeing them overrun by the cartels. And the military has

654
00:31:51,200 --> 00:31:54,400
to be temporarily there and out and not going around

655
00:31:54,480 --> 00:31:56,799
arresting American citizens. We can have the military doing that

656
00:31:56,880 --> 00:31:59,960
but backing up the cops. So but that buys that's current.

657
00:32:00,039 --> 00:32:02,200
And see for Trump to turn around and give five

658
00:32:02,279 --> 00:32:06,759
or seventy billion bucks, which the idea right, and we.

659
00:32:06,839 --> 00:32:12,119
Speaker 4: No, I mean, I mean, are you they're gonna say, well,

660
00:32:12,119 --> 00:32:14,119
we have a given fires or any money. Yes, you have,

661
00:32:14,839 --> 00:32:16,000
I want one hundred percent.

662
00:32:16,079 --> 00:32:16,240
Speaker 2: You have.

663
00:32:16,400 --> 00:32:18,599
Speaker 4: You mandated that people use their product, and then you

664
00:32:18,759 --> 00:32:21,599
inoculated them and guarded them from any type of uh,

665
00:32:22,160 --> 00:32:24,400
you know, any type of lawsuits or any type of

666
00:32:24,440 --> 00:32:27,759
legal action or any type of liability whatsoever. So you've

667
00:32:27,799 --> 00:32:29,920
given them money. No. No, what you should have said

668
00:32:30,000 --> 00:32:32,039
to them, and what I would have said to them

669
00:32:32,160 --> 00:32:35,680
is listen, in a very painful way. That's going to

670
00:32:35,720 --> 00:32:38,000
be very damaging to you. I'm going to come at

671
00:32:38,079 --> 00:32:40,440
you with the full force of the federal government unless

672
00:32:40,480 --> 00:32:42,200
you come out and cop to the things that you

673
00:32:42,359 --> 00:32:44,799
got wrong, and unless you do A, B, and C.

674
00:32:45,640 --> 00:32:47,519
And part of that's going to be to lower your

675
00:32:47,559 --> 00:32:50,200
drug costs for the for the American people. But we're

676
00:32:50,240 --> 00:32:52,480
not going to give you anything for it. And what

677
00:32:52,599 --> 00:32:54,680
we're going to give you is we're not going to

678
00:32:54,759 --> 00:32:57,000
pursue you to the ends of the earth, and we're

679
00:32:57,039 --> 00:32:58,759
not going to make sure we're not going to attempt

680
00:32:58,799 --> 00:32:59,920
to drive you out of business.

681
00:33:00,359 --> 00:33:01,839
Speaker 3: Right, That's what he should have said.

682
00:33:02,079 --> 00:33:03,480
Speaker 2: Yeah, And.

683
00:33:05,039 --> 00:33:08,200
Speaker 4: Look, it also gives you a look behind the curtain, right,

684
00:33:08,319 --> 00:33:13,680
which is this is why it is so hard to

685
00:33:13,799 --> 00:33:19,240
get good leadership because they look, I'm sure that there are,

686
00:33:19,440 --> 00:33:22,079
according to him, very good reasons why Trump is doing

687
00:33:22,160 --> 00:33:25,079
this right, And and that's always the part of this

688
00:33:25,279 --> 00:33:28,400
that people don't really see, right, like, oh, well he's

689
00:33:28,440 --> 00:33:32,759
compromising again. There's a reason why everybody compromises. Right, It's

690
00:33:32,960 --> 00:33:35,839
really hard not to. It's really hard not to.

691
00:33:36,039 --> 00:33:38,039
Speaker 1: I guess what tries to me. That's just people saying

692
00:33:38,119 --> 00:33:41,839
Trump wins again. Look, he just crushed Pharma. He didn't

693
00:33:41,920 --> 00:33:44,720
crush anything in this case. It was one way he did.

694
00:33:44,799 --> 00:33:47,240
Speaker 4: He gave him a seventy billion dollar can to limp

695
00:33:47,319 --> 00:33:49,000
it off with exactly.

696
00:33:48,720 --> 00:33:50,880
Speaker 1: Right, right, exactly, And then they're going to come back

697
00:33:50,880 --> 00:33:54,319
and mandate these injections and watch them mandate vaccines for cancer.

698
00:33:55,200 --> 00:33:58,200
We've got to talk about the walkout of federal workers,

699
00:33:58,319 --> 00:34:00,440
or those federal workers who are taking the buyout package.

700
00:34:00,960 --> 00:34:03,960
And we're being told that this is again an unpreceded

701
00:34:04,039 --> 00:34:07,160
resignation in history. So as we're sitting and recording this act,

702
00:34:07,799 --> 00:34:10,239
I don't want to freak you out. I will scare you.

703
00:34:12,400 --> 00:34:13,519
The government may shut down.

704
00:34:15,119 --> 00:34:17,039
Speaker 4: Oh say it ain't.

705
00:34:17,159 --> 00:34:20,360
Speaker 1: So how many times have you and I had this

706
00:34:20,559 --> 00:34:25,880
conversation every does anyone care aside from the mocking bird?

707
00:34:26,519 --> 00:34:28,559
Is there anyone out there going, oh, my dear lord,

708
00:34:28,599 --> 00:34:29,679
the government's gonna shut down?

709
00:34:31,079 --> 00:34:34,559
Speaker 3: No, I mean, and because you know the wave of

710
00:34:35,800 --> 00:34:37,280
and this is why I said, man, it's it's all.

711
00:34:37,400 --> 00:34:40,320
Speaker 4: This is all kabuki theater with the stock market. Stock

712
00:34:40,360 --> 00:34:43,679
market doesn't care, which the stock market should. This is

713
00:34:43,960 --> 00:34:45,880
disconnected from any type of fundament.

714
00:34:46,039 --> 00:34:47,280
Speaker 1: So the stock market should care.

715
00:34:48,639 --> 00:34:50,599
Speaker 4: The stock market should care about a lot of things.

716
00:34:50,719 --> 00:34:53,760
The price action of the stock market is completely ridiculous.

717
00:34:54,039 --> 00:34:56,960
I mean, it is just ludicrous. So and I'm not

718
00:34:57,079 --> 00:35:00,400
saying that that. Look, it could stay luded Chris for

719
00:35:00,480 --> 00:35:01,079
a long time.

720
00:35:02,159 --> 00:35:03,360
Speaker 3: It has stay ludicrous.

721
00:35:03,440 --> 00:35:06,280
Speaker 4: But I mean you're watching moves. This is turned into

722
00:35:06,360 --> 00:35:10,320
like watching a video game, right. I mean, Tesla's stock is.

723
00:35:10,400 --> 00:35:12,880
Speaker 3: Going through the roof. The company is getting.

724
00:35:12,800 --> 00:35:17,960
Speaker 4: Destroyed in video. They're hitting a new all time high

725
00:35:18,360 --> 00:35:20,440
while China just said we don't need any more of

726
00:35:20,480 --> 00:35:23,239
your chips and our estimations they make up about thirty

727
00:35:23,280 --> 00:35:25,960
percent of their demand. And what that also means is

728
00:35:26,039 --> 00:35:28,760
they've got a competitive chip that's way cheaper, which means

729
00:35:28,800 --> 00:35:33,119
in Vidia's margins. No one's paying attention, man, No one cares.

730
00:35:33,440 --> 00:35:35,960
It's buy that stock and watch it go up, and

731
00:35:36,079 --> 00:35:39,320
everybody thinks the stock market is obligated to give them

732
00:35:39,360 --> 00:35:41,719
fifteen to twenty percent a year. We're looking at the

733
00:35:41,800 --> 00:35:45,280
market trading at thirty two times earnings and accelerating while

734
00:35:45,320 --> 00:35:48,159
earning's estimates are dropping. It's just nuts.

735
00:35:48,559 --> 00:35:49,199
Speaker 3: It's just nuts.

736
00:35:49,559 --> 00:35:53,159
Speaker 4: And to watch people fighting over these stocks that are

737
00:35:53,239 --> 00:35:57,079
a joke. They're trading at twenty five thirty times revenue,

738
00:35:57,159 --> 00:35:59,880
I mean, it's ridiculous. And then you've got all the

739
00:36:00,159 --> 00:36:02,320
stuff out there. You look at what's happened to the

740
00:36:02,400 --> 00:36:05,960
price of gold. It retail investors still haven't picked up

741
00:36:05,960 --> 00:36:10,360
on it. They're fighting over these ridiculous companies that are

742
00:36:10,559 --> 00:36:14,400
never going to grow into their earning ever ever, right

743
00:36:14,719 --> 00:36:17,440
complete there. I mean you, it is how much money

744
00:36:17,480 --> 00:36:20,039
are you going to lose owning this ridiculous crap? And

745
00:36:20,159 --> 00:36:23,519
they're looking right past these gold mining companies that are

746
00:36:23,559 --> 00:36:28,360
trading it like eight times earnings, cranking out seventy percent profits,

747
00:36:28,920 --> 00:36:32,400
and that earnings multiple doesn't even reflect the thirty billion

748
00:36:32,440 --> 00:36:35,239
dollars worth of gold they've got in the ground. It's

749
00:36:35,360 --> 00:36:39,360
just what people are buying and what they're not. It

750
00:36:39,639 --> 00:36:42,519
just blows my mind. And you know, we're sitting here

751
00:36:42,559 --> 00:36:45,320
again going, well, the US markets where it's supposed to be.

752
00:36:45,559 --> 00:36:48,280
Really it's one of the worst performing markets in the

753
00:36:48,360 --> 00:36:51,719
world this year, okay, like, and the reason why is

754
00:36:51,760 --> 00:36:56,760
because it's ridiculous. So I you know, chalk it up

755
00:36:56,840 --> 00:36:59,960
with all the ridiculous crap that people believe out there

756
00:37:00,119 --> 00:37:02,679
right now, and we still own American stocks. I'm not

757
00:37:02,760 --> 00:37:06,239
mad at American stock market. What is It's kind of

758
00:37:06,360 --> 00:37:09,079
like with bonds, right for years, I was saying, guys,

759
00:37:09,199 --> 00:37:11,559
interest rates are a zero. Why would you buy something

760
00:37:11,639 --> 00:37:13,800
that's going to yield you less than the inflation rate?

761
00:37:14,159 --> 00:37:16,639
And you're just waiting for interest rates to go up,

762
00:37:16,679 --> 00:37:18,719
in which case you'll lose thirty to forty percent of

763
00:37:18,760 --> 00:37:21,519
your principle right just where you're sitting there, going Look,

764
00:37:21,559 --> 00:37:23,119
I don't know when it's going to happen, but you're

765
00:37:23,199 --> 00:37:27,480
literally investing in an investment that does you no benefit now,

766
00:37:27,920 --> 00:37:30,880
and it is a guaranteed certainty at some point in

767
00:37:30,920 --> 00:37:32,519
the not too distant future, you're going to take a

768
00:37:32,559 --> 00:37:34,960
massive loss on it. Right. I look at the stock

769
00:37:35,039 --> 00:37:38,119
market where it's priced today, and look, I'll say it.

770
00:37:38,239 --> 00:37:40,280
I feel the same way about the US stock market

771
00:37:40,519 --> 00:37:42,800
writ large right now where you just go. Look, if

772
00:37:42,840 --> 00:37:45,079
you want to get really bad returns over the next

773
00:37:45,119 --> 00:37:49,199
ten years, stay positioned where you are because there the

774
00:37:49,280 --> 00:37:54,000
extremes of it over the price movements that have absolutely

775
00:37:54,119 --> 00:37:56,039
nothing to do you and I have talked about like

776
00:37:56,119 --> 00:37:57,159
the law of large numbers.

777
00:37:57,960 --> 00:37:59,920
Speaker 3: Look at Nvidia trading it at four and after the

778
00:38:00,079 --> 00:38:03,719
dollar market cap. If their stock goes up ten percent,

779
00:38:03,880 --> 00:38:06,400
that's the equivalent of almost two and a half x

780
00:38:06,480 --> 00:38:07,519
their annual revenue.

781
00:38:08,760 --> 00:38:11,679
Speaker 4: Yeah, so what do you buy either Convidia can double?

782
00:38:11,800 --> 00:38:12,000
Speaker 2: Do you?

783
00:38:13,039 --> 00:38:14,199
Speaker 3: Have you done the arithmetic?

784
00:38:15,159 --> 00:38:16,760
Speaker 1: Not find the chefs anymore?

785
00:38:18,119 --> 00:38:18,239
Speaker 2: Right?

786
00:38:18,440 --> 00:38:22,000
Speaker 4: Yeah? And the stock has gone up since China announced

787
00:38:22,039 --> 00:38:25,079
that our records, but based on all the data we're

788
00:38:25,119 --> 00:38:27,760
looking at, we think that China makes up about and

789
00:38:27,880 --> 00:38:31,119
this is pretty conservative, about thirty percent of their chip demand.

790
00:38:31,800 --> 00:38:34,719
Speaker 1: So they're thirty percent of the ship demand. We're not

791
00:38:34,800 --> 00:38:37,079
buying from you anymore. And their stock goes up.

792
00:38:37,880 --> 00:38:39,559
Speaker 4: So we were talking because no one cares.

793
00:38:39,679 --> 00:38:42,719
Speaker 1: God leaving people their own devices, yep. Yeah.

794
00:38:42,880 --> 00:38:45,480
Speaker 4: And and here's the thing. The reason they're doing it

795
00:38:45,599 --> 00:38:47,320
is because they think that stuff is paid the most.

796
00:38:47,639 --> 00:38:49,960
We're sitting in here in a risk valued with our

797
00:38:50,000 --> 00:38:53,199
biggest positions being gold and gold miners. Our portfolios are

798
00:38:53,320 --> 00:38:55,599
up or that there are our main stock portfolio that

799
00:38:55,599 --> 00:38:58,239
I'm the portfolio manager. Up market's up twelve twelve and

800
00:38:58,239 --> 00:39:00,159
a half on the air, this thing's up thirty two,

801
00:39:00,239 --> 00:39:02,440
thirty three. And we own things that are in a

802
00:39:02,599 --> 00:39:03,360
fraction of the.

803
00:39:03,440 --> 00:39:04,519
Speaker 3: Valuation of this stuff.

804
00:39:04,719 --> 00:39:07,320
Speaker 4: Stuff that's real, stuff that's good, that's paying a dividend.

805
00:39:07,639 --> 00:39:09,960
And you know, I'll say it till I'm blue in

806
00:39:10,000 --> 00:39:13,360
the face, because here's the reality. Regardless, and in this

807
00:39:13,519 --> 00:39:16,639
even extrapa this goes out in this for people listening

808
00:39:16,679 --> 00:39:19,440
to this show, right, people will hear something like this,

809
00:39:20,199 --> 00:39:22,280
and what they will do is they'll say, yeah, you know,

810
00:39:22,400 --> 00:39:23,639
we should get out of that stuff.

811
00:39:23,679 --> 00:39:25,079
Speaker 3: But you know, I'm just gonna wait.

812
00:39:25,480 --> 00:39:27,679
Speaker 4: It just keeps going up, right, I'm just gonna wait

813
00:39:27,719 --> 00:39:29,239
till it quits going up right.

814
00:39:29,440 --> 00:39:29,719
Speaker 2: Okay.

815
00:39:29,840 --> 00:39:31,760
Speaker 4: Then they're gonna take a twenty percent hit, and they'll

816
00:39:31,800 --> 00:39:33,400
be well, I'm just gonna wait till it bounces back,

817
00:39:33,440 --> 00:39:35,960
and the twenty percent will become thirty, then that'll become

818
00:39:36,039 --> 00:39:38,079
forty to fifty, and then all of a sudden, they'll

819
00:39:38,079 --> 00:39:40,000
be sitting there after they're sitting on a fifty sixty

820
00:39:40,119 --> 00:39:42,519
or seventy percent loss, which we saw on the dot

821
00:39:42,559 --> 00:39:45,079
com crash in which we saw in O eight, o nine,

822
00:39:45,280 --> 00:39:48,079
and they're gonna be sitting there going, man, why did

823
00:39:48,159 --> 00:39:50,480
somebody tell us? And I'm like, dude, you're the guy

824
00:39:50,559 --> 00:39:52,559
that had a portfolio full of a bunch of stuff

825
00:39:52,599 --> 00:39:55,360
that was growing at ten to fifteen percent and you

826
00:39:55,440 --> 00:39:58,119
were and you were sitting on it at twenty five

827
00:39:58,239 --> 00:39:58,960
times revenue.

828
00:39:59,280 --> 00:39:59,800
Speaker 2: I like that.

829
00:40:00,000 --> 00:40:02,119
Speaker 4: It's like me telling you, like feeling.

830
00:40:02,079 --> 00:40:03,360
Speaker 3: Like I need to go out on the street.

831
00:40:03,440 --> 00:40:05,880
Speaker 4: Right there's a three alarm fire and I'm standing out

832
00:40:05,960 --> 00:40:08,840
on the sidewalk warning people not to go in. Yeah,

833
00:40:08,960 --> 00:40:10,760
you know what I mean, Like I had to tell

834
00:40:10,840 --> 00:40:13,639
you not to walk into that burning building. You know,

835
00:40:13,719 --> 00:40:16,119
It's just anyway. And I'm not at all saying we're

836
00:40:16,159 --> 00:40:18,320
the only people that are your hope or anything like that.

837
00:40:18,800 --> 00:40:22,400
I'm just saying there is unbelievable opportunities out there and

838
00:40:22,440 --> 00:40:25,280
stuff to buy, stuff that has already gone up a lot,

839
00:40:25,400 --> 00:40:29,480
but because of this market's so stupid, it's still ridiculously undervalued,

840
00:40:29,719 --> 00:40:32,800
and people are climbing over each other to buy stuff

841
00:40:33,079 --> 00:40:36,559
that is completely uneconomically priced. Like if you're out there

842
00:40:36,599 --> 00:40:38,960
buying Tesla, get ready to lose a ton of money.

843
00:40:39,239 --> 00:40:42,159
If you've got twenty five percent of your portfolio and Nvidia,

844
00:40:42,440 --> 00:40:43,800
get ready to take a bath.

845
00:40:44,239 --> 00:40:46,960
Speaker 3: And you won't listen to me until it happens. But

846
00:40:47,079 --> 00:40:47,960
have a blast O.

847
00:40:48,039 --> 00:40:50,400
Speaker 1: Great so Zach, you had some very stern words for

848
00:40:50,519 --> 00:40:54,280
people in Nvidia, people in Tesla, and you're doing your

849
00:40:54,320 --> 00:40:57,599
webinar and palchair coming up. You have your webinar coming

850
00:40:57,719 --> 00:40:59,320
up the seconds just a couple of days from now.

851
00:40:59,559 --> 00:41:01,239
You're going to go through back to the basics, so

852
00:41:02,039 --> 00:41:05,039
within the legal bounds that the SEC will let you

853
00:41:05,239 --> 00:41:08,679
do if you have money in Tesla, what are two

854
00:41:08,760 --> 00:41:11,920
or three places you'd shifted over to back to the basics.

855
00:41:11,679 --> 00:41:17,840
Speaker 4: Like, okay, I mean there's so many choices. First of all,

856
00:41:17,960 --> 00:41:19,760
I would sit there and go, what is your allocation

857
00:41:19,880 --> 00:41:23,000
the international? Are there parts of international and I like

858
00:41:23,039 --> 00:41:26,039
a lot more? Yes, yep, But generally speaking, I mean

859
00:41:26,079 --> 00:41:28,719
you you're at such extremes right now.

860
00:41:29,880 --> 00:41:32,679
Speaker 3: This sounds like, you know, this sounds like crazy talk.

861
00:41:32,760 --> 00:41:35,119
Speaker 4: But I'll just say it if you if you told

862
00:41:35,199 --> 00:41:36,800
me that, look, I had to have my money in

863
00:41:36,880 --> 00:41:38,760
the S and P five hundred for the next ten years,

864
00:41:39,159 --> 00:41:41,840
or I might have my money in random international markets

865
00:41:41,880 --> 00:41:42,599
for the next ten years.

866
00:41:42,880 --> 00:41:45,159
Speaker 3: Not even a question. I picked the random international markets

867
00:41:45,159 --> 00:41:45,800
for the next ten years.

868
00:41:45,800 --> 00:41:48,199
Speaker 1: Okay, so Internet, it's not even close. So sell your

869
00:41:48,239 --> 00:41:50,960
Tesla get into the international markets as one idea, yes,

870
00:41:51,119 --> 00:41:52,039
not specific advice.

871
00:41:52,719 --> 00:41:54,800
Speaker 4: Yeah, I'd be choosy about it, Like I'm not saying

872
00:41:54,920 --> 00:41:58,679
just throw it around. But when you understand the historical extremes,

873
00:41:59,000 --> 00:42:02,320
when you understand how insane it is for the United

874
00:42:02,360 --> 00:42:04,880
States stock market to be valued at seventy percent of

875
00:42:04,920 --> 00:42:09,960
the entire global market cap, and that that like forty

876
00:42:10,119 --> 00:42:12,440
percent of that value is tied up in six or

877
00:42:12,519 --> 00:42:17,440
seven names. The people do not realize how when I

878
00:42:17,599 --> 00:42:21,159
say it, you got all this stuff out there, growing

879
00:42:21,199 --> 00:42:24,440
at seventeen fifteen percent, trading at twenty five times revenue.

880
00:42:24,599 --> 00:42:25,760
Speaker 3: People don't know what that means.

881
00:42:26,119 --> 00:42:29,199
Speaker 4: What it means is you just bought a business that

882
00:42:29,360 --> 00:42:31,639
on a you just paid a price for a business

883
00:42:31,719 --> 00:42:34,159
on a cash flow basis that has less than a

884
00:42:34,199 --> 00:42:36,679
two percent chance of even paying you back your investment

885
00:42:36,719 --> 00:42:39,679
over the next ten years. So breaking even on a

886
00:42:39,760 --> 00:42:45,000
cash flow basis. Right, So it's just absurd. So gold, silver,

887
00:42:45,199 --> 00:42:48,599
the miners that produce them. Anything that isn't US tech

888
00:42:48,920 --> 00:42:51,719
you can go buy. Look, Bude, I don't like China, Well,

889
00:42:51,920 --> 00:42:53,800
look at some of the stuff we're doing. We're doing

890
00:42:53,880 --> 00:42:57,000
some of the real id the surveillance, all that kind

891
00:42:57,000 --> 00:42:59,119
of stuff. You can go buy China tech that's got

892
00:42:59,360 --> 00:43:02,519
just as much exposure to AI, and you can literally

893
00:43:02,599 --> 00:43:05,599
get it for a fifth the valuation that you're paying

894
00:43:05,599 --> 00:43:08,480
here in the United States, with way better growth metrics

895
00:43:08,519 --> 00:43:11,480
and outlooks. And look, I'm not sitting there saying I'm

896
00:43:11,519 --> 00:43:13,480
a big fan of red China to load up on

897
00:43:13,599 --> 00:43:16,800
Chinese equities, but I'm to say like, it's so ridiculous,

898
00:43:17,320 --> 00:43:23,400
and investors have gotten so home country biased and they

899
00:43:23,519 --> 00:43:25,719
do not the market's gone up so long. People do

900
00:43:25,880 --> 00:43:29,639
not understand that they are fighting each other to pay

901
00:43:29,719 --> 00:43:33,440
twenty dollars for ten and that's just what it is,

902
00:43:33,760 --> 00:43:35,760
and it's not. Is it going to end bad? You're

903
00:43:35,800 --> 00:43:39,400
gonna get smoked when I don't know, but you know,

904
00:43:39,800 --> 00:43:42,800
when will something? When is the wino on the corner

905
00:43:42,920 --> 00:43:44,719
going to settle down and eventually shut up and go

906
00:43:44,800 --> 00:43:46,800
to sleep. I don't know. I know he's going to

907
00:43:46,880 --> 00:43:50,000
run out of juice at some point, right, And you

908
00:43:50,119 --> 00:43:52,360
kind of feel the same about this market. But the

909
00:43:52,519 --> 00:43:56,360
crazy part about it is is all the alternatives and

910
00:43:56,679 --> 00:43:59,480
yet you go look at retail portfolios, it's all those

911
00:43:59,519 --> 00:44:01,960
seven names. They're all loaded up and they're as confident

912
00:44:02,000 --> 00:44:05,599
as can be. And I just just so you know

913
00:44:06,320 --> 00:44:10,280
when you get smoked, because you will. You got smoked

914
00:44:10,360 --> 00:44:12,519
owning a bunch of stuff that even if you did

915
00:44:12,679 --> 00:44:15,039
five minutes of research, you'd sit there and go, this

916
00:44:15,239 --> 00:44:20,559
valuation doesn't make any sense, Yeah it doesn't. Yeah, So yeah,

917
00:44:20,639 --> 00:44:23,760
I get out of that. And you know all of it, right,

918
00:44:23,800 --> 00:44:25,960
there's parts of the US markets you know, one of

919
00:44:26,000 --> 00:44:28,559
our biggest holdings is Google. I'm not a big fan

920
00:44:28,639 --> 00:44:30,920
of everything they do, but Google is actually a pretty

921
00:44:31,000 --> 00:44:31,559
cheap company.

922
00:44:32,559 --> 00:44:34,360
Speaker 1: It is a lot cheaper if they get split up.

923
00:44:35,519 --> 00:44:38,440
Speaker 4: Yeah, I you know, the risk of that in the

924
00:44:38,519 --> 00:44:41,840
near term has really gone away, especially with the government

925
00:44:41,880 --> 00:44:44,039
saying that they didn't have to divest of Chrome.

926
00:44:44,119 --> 00:44:45,000
Speaker 3: That was the big threat.

927
00:44:46,079 --> 00:44:48,039
Speaker 1: But now the way with the ad platform they're talking

928
00:44:48,039 --> 00:44:50,320
about separated the ad platform from search.

929
00:44:51,599 --> 00:44:55,519
Speaker 4: Yeah, And so what I would say is that you

930
00:44:55,639 --> 00:44:57,679
got to step back and remember that if there is

931
00:44:57,719 --> 00:45:01,000
any divestitures that need to happen, Google will sell those assets.

932
00:45:01,239 --> 00:45:04,199
They don't evaporate and go away, right, So when you

933
00:45:04,360 --> 00:45:06,719
start factoring in what they can sell those things for,

934
00:45:06,920 --> 00:45:08,239
then you go back and look at the company and

935
00:45:08,280 --> 00:45:12,159
you're like, this thing's too cheap and so it and

936
00:45:12,800 --> 00:45:15,960
this goes like, for instance, go look, and we've talked

937
00:45:15,960 --> 00:45:17,400
about this before, but if you want to know how

938
00:45:17,440 --> 00:45:21,039
stupid the stock market is, go look at Google's growth rate,

939
00:45:21,159 --> 00:45:23,519
Go look at their gross margins, Go look at their revenues,

940
00:45:23,559 --> 00:45:25,760
their profit, go look at all that. Then go look

941
00:45:25,800 --> 00:45:28,119
at Apple and explain to me why Apple is trading

942
00:45:28,159 --> 00:45:30,760
at a forty percent premium to Google. Yeah, it should

943
00:45:30,760 --> 00:45:34,480
be at a forty percent deficit. I mean Apple's Apple's

944
00:45:34,559 --> 00:45:39,119
done it beautiful. Yeah, I mean yeah, it's cool, cool

945
00:45:39,119 --> 00:45:42,880
fruit man. But I yeah, I just I like, I'm

946
00:45:42,920 --> 00:45:45,000
not saying they're done, as in they're going away, but Apple.

947
00:45:45,280 --> 00:45:48,280
And the crazy part is it's trading at forty times earnings.

948
00:45:48,320 --> 00:45:50,320
Their own CEO has come out and said.

949
00:45:50,119 --> 00:45:51,599
Speaker 3: We're no longer a growth with those boxes.

950
00:45:51,679 --> 00:45:53,719
Speaker 1: Man, when the city of those boxes, like when the

951
00:45:53,760 --> 00:45:54,920
phone comes is so beautiful.

952
00:45:54,960 --> 00:45:57,840
Speaker 4: And I hate that company. I hate that company. I

953
00:45:58,239 --> 00:46:03,119
hate them because they're doing everything that I abhor right now.

954
00:46:03,199 --> 00:46:03,679
Speaker 3: They've started.

955
00:46:03,679 --> 00:46:05,599
Speaker 4: Remember I used to get the little charging block with

956
00:46:05,719 --> 00:46:07,239
your phone. You'd get a new core and a new

957
00:46:07,280 --> 00:46:10,000
little charging block. They want to hit their numbers, so

958
00:46:10,079 --> 00:46:11,920
they quit including the charging block now.

959
00:46:11,960 --> 00:46:15,719
Speaker 1: And they changed and they changed the plug in every

960
00:46:15,800 --> 00:46:17,920
iteration of the phone because I had an iPhone eights

961
00:46:17,960 --> 00:46:19,880
and they changed that, and so then I have to

962
00:46:19,920 --> 00:46:22,960
have all new charging devices. And they're just changing the shape.

963
00:46:22,960 --> 00:46:28,519
They're not even changing the size of innovation. Oh, huge innovation. Well,

964
00:46:28,559 --> 00:46:30,039
thank you, my brother. It is always good to have

965
00:46:30,119 --> 00:46:32,440
wise counsel say you have to your family and thank

966
00:46:32,480 --> 00:46:33,760
you for joining us. And God be with you.

967
00:46:33,840 --> 00:46:33,960
Speaker 2: Man.

968
00:46:34,039 --> 00:46:36,760
Speaker 3: Thank you, hey, God bless you man. Thanks for having me.

969
00:46:37,079 --> 00:46:39,159
Speaker 1: This is a Todd Herbert show. Please go, be well,

970
00:46:39,559 --> 00:46:42,559
be strong, be kind, and make every effort to walk

971
00:46:42,800 --> 00:46:43,679
in the light of Christ.