Speaker 1: Second I saw this, I couldn't wait to talk with
Zach Abraham, chief Investments for Bullard Capital Management about this
President Trump talking about maybe it's time to end the
income tax.
Speaker 2: He's going to be very rich again, and it's going
to happen very quickly. It's time for the United States
to return to the system that made us richer and
more powerful than ever before. Do you know, the United
States in eighteen seventy to nineteen thirteen all tariffs and
that was the richest period in the history of the
United States, relatively speaking, in other words, relatively And they
set up the Great Tariff Commission of eighteen eighty seven.
And this commission had one function, what to do with
all the money that we took in. It was so
enormous that they had no idea. It was a blue
ribbon committee was set up eighteen eighty seven and what
to do with all of the money that we had.
And again Teddy Roosevelt was a beneficiary because when McKinley
was killed, he took over this vast sum of money
and he did all of those national parks.
Speaker 3: And all of the other things.
Speaker 2: And I'm not knocking him, but he was given a
vast amount of money, and that was all made through
tariff says we had no income tax. The income tax
came in in nineteen thirteen. As I said in my
speech last week, instead of taxing our citizens to enrich
foreign nations, we should be tariffing and taxing foreign nations
to enrich our citizens. Does that make sense right?
Speaker 1: Provocative? Interesting idea. We'll talk with Zach about this. Someone's
going to pay the tariffs and traditional conservative thought is
that consumers do. Maybe that's true, but maybe other countries
will have to seek some efficiencies.
Speaker 3: We'll talk about this.
Speaker 1: Plus does Mexico acts sistay in our economy? And then
that big dip with Navidia? Should people buy the dip?
We'll talk with Zach Abraham, Chief and Vest Officer Bowart,
couple of management courtesy renewed healthcare and of course.
Speaker 3: We could only do this through God Almighty.
Speaker 4: Shows disapproved by big pharma technocrats and Tyrann Saban. Where
from the high mountains of Free America. Here's the Emerald
City exile Todd to Herman.
Speaker 1: Today is a day the Lord has made, and these
are the times to which God has decided we shall live.
My friend and brother, Zach Abraham joins US chief investment
Officer Border Capital Management.
Speaker 4: Yeah.
Speaker 3: I was thinking about you.
Speaker 1: I saw that President Trump has issued this federal ban
on on wrong sex surgeries and hormones. And are you
gonna go ahead and pay for your own or are
you said, like you get it back off?
Speaker 5: Yeah, we gotta go in the pocket.
Speaker 4: Man.
Speaker 6: We found a guy who's gonna give us a four
for one. Okay, yeah, it's it's because they're bipoks.
Speaker 3: Okay, it's a family thing. You're just gonna switch places. Yeah, yeah, yeah,
we both make up for it, make up for it
the family.
Speaker 5: Great to see that pass though, wasn't it.
Speaker 3: Oh my gosh, that's worth the price of admission for me.
Speaker 6: It's so the crazy thing to me is reading the
pushback where you sit there and you go, I just
don't understand. I don't understand how anybody can support the
idea of a child, a minor getting her it's should
it's where we have these debates that it's not the
it's not the intensity of the debate that's that that's
amazing or shocking. It's the fact that we're having a period, right,
the fact that you've I mean I'm old enough to
remember when it was a when genital mutilation was a
scandal because backwards tribes in Africa were doing it against
their you know, their tribal opposition, right.
Speaker 4: You know.
Speaker 5: Now it's a family value. It's just it's insane. It's
it's insane to me.
Speaker 3: I used this metaphor earlier this week.
Speaker 1: If your thirteen year old kid left school, your daughter,
and she says, my dad walks out the door, and
you and your wife are sitting there going, gosh, she's
awfully late.
Speaker 3: It's like seven o'clock. I mean, is she okay?
Speaker 1: And you know, she texted me she said she'll be
home a little late. She had something to take care
of thirteen. And she walks into your house and her
entire face body are tattooed and pierced everywhere through her
tongue and she's got her tongue split like a snake.
And she walks in, Hi, Dad, And you're gonna go, oh,
you're going to call the tattoo parlor, you know, body
mutilation place and say, hey, thanks for firming my daughter.
Or instead, do you get every lawyer who you've ever
known on the phone, and every gun you own yeah, yes.
Speaker 5: Yeah, I'm righting for blood, right, Yeah.
Speaker 6: And what's crazy to me is if we're gonna make
these deals, why, Like, I don't understand why we're not
lowering the age of booze and alcohol or in tobacco
and tattoos.
Speaker 5: You can get tattoos covered of me.
Speaker 6: You can get removed, right, right, you can undo that, right,
It's dude, It's just I just go back to it
being a mind virus. There's no other way to discuss it.
And I don't think there's any other way to look
at it. And looking at these people who are wringing
their hands over this, that this is like our country
going in the wrong direction.
Speaker 5: It's just amazing to me.
Speaker 3: Yeah, to me, it goes back to the demon.
Speaker 1: She was called Enchantras by tradition, and this was an
Old Testament times, and her promise was to make you
either male nor female. And those demons didn't say, well,
people are more enlightened now, so well no, they just
changed the tactic, you know.
Speaker 6: And in some ways I think that you can even
argue that we are more susceptible to it now, because
I don't think we've ever been dumber as a society.
I don't think, you know, And obviously I'm talking about
society in general. Right, We've never been more technologically advanced
and smarter that way, But in terms of morality and
in terms of family values and all, we're bankrupt, you know.
Speaker 4: And.
Speaker 6: And and yet we're more yet we feel more insulated,
more sophisticated, and so I like, I actually think it's
probably it's easier work for those evil forces that are
doing it than at any other time in history because
people are so susceptible.
Speaker 1: And they shift tactics. Satan can distort the press, he
can distract, so he changes tactics. You guys are so smart,
I mean, and I love this debate. This is something
that they'll say is, well, you know, we've discovered that
sex is on a sex is on a spectrum.
Speaker 3: And so my response is, are like.
Speaker 1: Death, yeah, yeah, yeah, So gender theory is the princess
bride of medical theory.
Speaker 3: You know, he's only mostly dead, right, Yeah.
Speaker 5: Here's here's here's another construct. This whole thing. I just
can't wrap my head around.
Speaker 6: If you want to say gender identity is on a spectrum, Okay,
I I.
Speaker 5: Meaning I I've seen that in my own life. I
think we've seen that.
Speaker 6: You know, you'll have certain men that are more feminine
than others. Right, I get that a gender identity, the
way you see yourself, the way gender expression exactly, but
your gender, I'm sorry, it's binary.
Speaker 1: That's why they intermingle sex and gender. It's always been
to confuse. All of this is about confusing, and it's
throwing out words that sound like information to people.
Speaker 5: Yeah.
Speaker 4: Right.
Speaker 1: I made up a drink once called I'm gonna forget
the name of the drink it made up. Oh my gosh,
I made it back in the day when I used
to drink. I created a drink called I can't remember
the jumping Calypso or something stupid. And I told my friends,
here's the drink. Because these bars at this place, if
you stump our bartender, you get the drink for free.
So I jump up to the bar jumping callispo eclipso
there's no such thing we're talking about, you know, And
I say it's this, this, and this, No I've ever
heard of that drink, and this guy just know to
jump in callpso is and no one says anything. Find
says it's vodka, you know. And they had the whole
thing down, like, wait, there's someone else who knows the drink.
And then someone's oh wait, yeah, no, that's a thing
man California, that's huge.
Speaker 3: And where you're from. I'm from California.
Speaker 1: That's called stack in the voat my friend, you were
stack in the boat, right, That was me with fake information.
So there's also there's Trump is making the moves he's making,
and then the moves he's thinking of making. I got
to talk to you about this in a second, this
this move that he is thinking of making with the tariffs.
And I'll do that after I once again announced the
people this very thing that in this moment right now,
this moment in life, you could decide to change something
super simple in your life and then change someone else's life,
just permanently.
Speaker 3: So here's the deal.
Speaker 1: You are a small business owner. People come to your
business and they use soap. You are a real estate agent.
You show houses people have soap in there. This is
a liquid soap from Alan's. It's called Ian's, and every
single one of those cases, you have an opportunity to
show that all lives matter to you because yes, the
soap is made in America. Yes it's all natural. Yes,
the fragrances are absolutely unique.
Speaker 3: That's all the facts.
Speaker 1: Plus, we employ people at Allen's that the rest of
the world would toss in the garbage, and I mean
it that they would say house them and institutions. Because
they're nonverbal, they are high in the spectrum of autism,
even if it's late onset on setism, like has happened
with Amy. So you are communicating that value in a
way that is a conversation starter. At home, You're going
to wash your body for the rest of your life.
If you have not made the decision to use Allen's
instead of the corporate soap made with values that probably
don't match your own, that's in a decision in the
negative when you could do this in the affirmative right now.
So go to Allensoaps dot com, slash Todd, get temper
sent off all the products of their plus sign up
for subscription soaps never run out on soaps dot Com
sash Todd so we at the top of the show
played this clip with President Trump and effectively saying it's
time for the United States to return to the system
that made us richer more powerful than ever before. Instead
of taxing our citizens to enrich foreign nations. We should
be taxing foreig nations to rich our citizens.
Speaker 3: That's a good way to say it. And I mean,
let's let's play imagination. Could this work?
Speaker 4: No?
Speaker 5: Really, and I don't yeah, And I don't think he's
intending to do it either. I really it's yeah.
Speaker 6: I think it's purely negotiation. And the reason it doesn't
work is a math doesn't feder out. Meaning last year
you look at the US government, you had about three
point eight trillion dollars in total income total revenue from taxes,
and that is that is a bigger number than the
overall trade deficit. The trade deficits running right around a
trillion one and a half trillion something like that. So
if you tear aff one hundred percent end of the trade,
it just mathematically it just doesn't work. And so I
don't want to speak definitively toward that because obviously I'm
not in the administration, not in those meetings, but on
a mathematical basis, unless you were going to tear off
one hundred percent of all imports, you wouldn't be able
to you wouldn't be able to supplant the income tax.
Speaker 1: I think he intends to like I mean, maybe he
intends to tear if one hundred percent of imports.
Speaker 6: He can't because it would just slaughter corporate revenues and earnings.
Speaker 5: So I think, again, I don't. I don't.
Speaker 6: I'm not involved in those meetings. I am not a
US budgetary expert. But just on the surface of it,
it feels to me very much like he is doing
this for maximum negotiating leverage and trade deals.
Speaker 3: I just it does.
Speaker 6: One hundred percent tariffs do not do anything good economically
for anybody. But you know something he's great at doing.
And in my opinion, and I could be one hundred
percent wrong, and if I am, you know, certainly come
on here an issue, my maya copa.
Speaker 5: But what he is doing that I think is highly
effective is he's got that.
Speaker 6: He's he's got that that part of him that for instance,
I think he might be the only politician in the
world of a major company of major country that could
threaten one hundred percent tariffs and the world takes it seriously.
Speaker 1: Right, President Trump is this He is unpredictable. He is
the guy at the poker table where you're like, wait,
is he all in? Because he's got the nuts or
is he all in because he has absolutely nothing.
Speaker 6: And he's got an outstanding poker face. Meaning you and
I are sitting you're having this conversation and we're supporting
what he's doing, right, And I'm still sitting there going
I don't think so because mathematically it doesn't it doesn't
flo but you know, we don't know, Like, well.
Speaker 1: If you take this as an isolated case, so let's
just say, oh, this is all he does. Okay, that
doesn't work. But let's bring some other things to the table.
And I think you like the Energy Secretary nominee. Hey,
let's become the dominant exporter of energy in the world,
including on our own shores. Let's get micronuclear. He spoke
it during his confirmation hearings. Micronuclear.
Speaker 3: So we have that President Trump has offered a buy
out to nearly every federal employee.
Speaker 4: And I know.
Speaker 1: But at the same time, Zack, at the same time,
he's saying to deep staters, hey, we can't fire you,
but here's what we can do. We can demote you
and we can relocate you. So Dubuque was a beautiful place,
but if you're used to living in Washington, DC, where
there's no recessions and no depressions and people counts out
to you in Dubuque or you know what, We're going
to move you to Wallas, Idaho and you can walk
into a bar and say hi, I work with the
federal government, and we'll see how that goes you, right,
And how so if you take it in out of
isolation and put it into the bigger picture of a
Trumpian remake of the economy, maybe gets more interesting.
Speaker 6: It certainly could. And I think you could certainly lower
tax rates. But like I said, I just this has
the feel to me of being.
Speaker 5: Just maximum leverage. That that's the feel I've got.
Speaker 6: I don't I think what he's looking for is exactly
what we saw from Columbia. Speaking of which, watching the
way the media handled that that was priceless. You know,
media was trying to paint it out like that Columbia
guy told him to take a hike.
Speaker 1: So for the people that don't know President Trump, you know,
we flew a bunch of illegal immigrants back to their
country of origin, Columbia, and the socialist President's like, nope,
we're not taking the airplane. And I don't know if
you saw how this all went down. Where Trump was
when he tweeted this, he's it mar Largo, yeah, right right,
right right. He calls Marco Ruby, the second tourist state, Hey,
little Marco, can you come over here and bring your
glass of water?
Speaker 3: And so so Marco comes over and he.
Speaker 1: Tweets, uh, yeah, fifty tariff today, one hundred percent tomorrow
doubles after that.
Speaker 3: So and you were going to say that watching that, yeah, And.
Speaker 6: Then and then he and then the President sent his
own plane help Columbia, yeah, to help bring people. And
and look, I am not I do not believe that
the best position for the United States to be in
is to be a bully. But I do think that
we need to reassert and remind people who you're dealing with, right,
And we have bent over for people that don't care,
that don't appreciate it, that just want to milk it
and take it the extra mile for so long. And
I think that this is a much I think it's
better for relationships international, right, Like good fences make good neighbors,
we have not had any fences. They have been taking
advantage of our you know, laissez faire approach, and idiot
politicians for so long that I think it all or
for us to move forward on a good footing, we
need to have these confrontations. We need the Columbian president
to remember who he is, right, and remember who we are.
We need everybody in the world to remember who we are,
not so we can dominate them, but so that we
can have associations that are mutually beneficial, because for all
too long the rest of the world has been like
a tick just sucking a stride, right, And yes, I
just I love that part of it. And I am
a huge believer in in UH safety security via strength,
and I think and I think it makes the world,
including the people that were doing that that we're taking
these hard lines with. He makes the whole world sacred, right,
I agree, And they the neighborhood is safer when dads
are when dads aren't on vacation.
Speaker 4: Right.
Speaker 1: The President Trump has done this also, and I love
this where he named what's his name of Bank of
America mon yeah, about the banking conservatives, and and he
called he and Jamie Diamond out in person right on
stage right, you got quite big?
Speaker 3: Is it wrong?
Speaker 1: So in canstution is wrong? And then Bank of America
puts a tweet out we don't do that, and there's
like fifteen well known conservatives going, oh, well, here's the
phone calls.
Speaker 5: Yeah you did.
Speaker 3: Yeah, here's the copy of the letters that you did it.
Speaker 6: And then watching the media trying to play that off again, right,
which I love because I'm like, hey, guys, any credible
any credibility you've left, which is virtually none. You're just
burning it, right because everybody sees through it now. And uh,
the other one that cracks me up. I was reading
the Uh it just the media just kills me. I
was reading an article yesterday about Tesla on CNBC. Yeah,
middle of the way through the article, it turns toward
the fact that not not alleged it musk through a
Nazi salute on stage, and then cited several extreme left
quote unquote experts that said, that's undoubtedly a Nazi salute,
Da da da, And you look at him, and we're
to the point where And I didn't because I thought
better of it. But I wanted to contact that journalist
directly and say, you don't believe this. I know you
don't believe this, right, how do you how do you
wake up in the morning and look at yourself as
a journalist when you're writing garbage like this that you
know and you didn't cite all of the experts on
the other side that came out and said that was
nothing like us a Nazi salute for this reason and
that reason that you know, you didn't cite the other
side of it like these jury and it's nothing that
you and I don't know. There's been way worse examples
of this and way more extreme examples of it. But
the consistency and the intellectual dishonesty of these people is.
Speaker 5: Just like it's almost like if I could behave.
Speaker 7: Like them, if I went through the world and never
thought once about my own credibility, right, Like, that's the
only way you could do that, Right, There's no honor,
there is no conviction, Like I just I you know,
even when I hate somebody politically, I can't bring myself
to life about them.
Speaker 5: No, you know what I mean?
Speaker 1: Well, A, don't bear false witness and B you shall
not lie. And see when you do that and get
found out, that's gotta suck.
Speaker 6: Like the other thing, though, taught too, is if you
have to lie to back up a political view, isn't
it time to examine your political view.
Speaker 1: Well, yeah, I mean if that's if your if your
views and policies cannot be defended on a truthful basis,
they can't be defended, right, And I have this dream
and it's never gonna happen. I almost got called in
front of a congressional hearing over January sixth, but I
screwed it up because I told the guy who called me,
the Senate staff or, that I was excited. Please can
we do it now? Do you want to are just
gonna have legal representation? No, gosh, I don't need that.
Can I come back now like today?
Speaker 3: Oh my gosh.
Speaker 1: And but see if I'm in those confirmation hearings and
they say something along the lines of.
Speaker 3: Are you concerned about.
Speaker 1: The Nazi salutes that Elon musk Uh demonstrated twice at
a Trump event?
Speaker 3: Yeah, No, I'm concerned about the fact that you armed
Iran with three.
Speaker 1: Billion dollars and they've pledged to destroy the state of
Israel and then this country. And I'm concerned that you
fund hamas that cuts the heads off of Jewish babies.
Speaker 5: And now, yeah, when are we worried about Nazi salutes?
And when are we not. I can't. I can't stick
with the narrative.
Speaker 6: You're guys, you want to basically call Israel a terrorist state, right,
you want to back people that want to eliminate Israel
off the face of the earth, and you're calling other
people Nazis, right.
Speaker 3: Okay, right, And we need to get better at pushing
back on that way.
Speaker 6: And and this, like.
Speaker 1: You had to see this headline, this is a literal
headline in the New York Times why calling Cartel's terrorists
could harm the US economy. And you know what it
is is because the people who pick our fruit and vegetables.
Speaker 5: Yeah, so that's not true, right, right?
Speaker 3: And I don't know you You you go to a
different place in Mexico than I do. Where do you go?
Speaker 5: Usually typically, well, if you.
Speaker 3: Don't want to give it away, don't give it away.
Speaker 5: But no, no, no, no, no, I'm trying to it.
Speaker 6: It's almost when we go to Mexico, it's either Cabo
or or south of Kingcos.
Speaker 3: Okay. So I have been solely to Port of Arta.
Speaker 1: And if you go to Port of Arta, there are
seven I got to do this, right, There are seven
police forces in Port of Arta. One's just attached to
the terraces, and one's attached to the cartels, one is
sea going, and one exists solely four tourists. And it
is like if you, as a tourist someone threatens to
robs you, pickpockets you. You have three cars pull up and.
Speaker 3: They're like on the cameras and then they just call
the Hollisico Cartel.
Speaker 1: Yeah, one of your guys went rogue, and Helisical Cartel's
on the hell let's go heartline may help you.
Speaker 3: Yeah, okay, we'll behead them. Okay, can you send us that?
Speaker 4: Yep?
Speaker 3: What does a FedEx?
Speaker 1: Okay, you know it's a Mexican version of FedEx safest
place in Mexico. That's where I go to renew healthcare.
And I got this note from a listener, Todd. Hi, Todd,
can you do a somewhat personalized ad for a friend
of mine regarding re new healthcare?
Speaker 3: He doesn't do politics, so I'd like it to have
been a podcast with Zach. So here you are Zach.
He thinks he has the best care here in America.
He's an international airline pilot.
Speaker 1: He's just got a brain injury at home and can't
fly anymore until his brain fog goes away. That's what
American healthcare has to say, has to happen. How can
we speak more about this? I prefer phone. I can
email you my number and use a burner phone to call.
I want her to get better. Pray for him when
I think of him lately. It's every day when I
listen to you, so appreciate the note. Appreciate you watching,
listen to the show, love that you love it. When
I'm here with zach No, I can't do a customized
ad for your friends. I don't know that his brain
fog can be addressed by strem cells. I would suggest
that you go instead to contact my friend doctor Duke Johnson,
Heart of Heart of Heart of Hope in Hayden, Idaho.
He's had great, great results inclaring brain frog that came
from the injections, and your friend probably got injected.
Speaker 3: I will tell you this. If I thought it would help,
I would tell you. I will mention this.
Speaker 1: I'm gifted to know a lot of now retired professional athletes.
Latest guy I met retired professional baseball player.
Speaker 3: Met him at the gym.
Speaker 1: He came into me, he said, are you the guy
the weightlifters talk about with the place in Mexico. Yep,
he goes, here's the deal. He showed me his arm.
Speaker 3: Zach. This guy through professional baseball for fifteen years. This
is his our movement. I mean, this is the extent
of how he can move his arm. His shoulders just
completely toast and he goes.
Speaker 1: The inflammation is so bad. I can't sleep on this side.
I can't scratch myself. I can't, you know, undertake hygiene
after I go to the bathroom. So is there anything
I said? This is perfect case, perfect case. So here's
the deal. I'm not a doctor, but here's what I
know about renew. The stem cells are ethically gathered. They
only come from placenta's and umbilical cords.
Speaker 4: I know this.
Speaker 1: They destroy inflammation, so at the very least, in my judgment,
you'd have relief from the information for a long time.
And then I know this for a fact because it
happened to me. Nothing regrows muscle in my judgment, faster tendons,
even cartilage in this. So here's what I told the guy,
same thing. I'm telling you. You have nothing to lose
by checking with renew. Go to renew dot Healthcare r
E n ue dot healthcare people avoid surgery. They've had incredible,
miraculous successes helping people overcome tbi's traumatic brain injuries and yeah,
things like.
Speaker 3: That shoulder over use as a professional athlete.
Speaker 1: Renew dot healthcare police tell me are part of the
Todd Herman Show family. So one other piece of video here, Zach,
I want.
Speaker 3: To watch this with me.
Speaker 1: The President of Mexico, Claudia Shinbaum, says that she does
not like President Trunk's so called attacks on immigrants. That's
what he's doing, He's attacking immigrants. She says this that
the Mexican government is what so she she says, the
Mexicans sustain the American economy in the United States, in
the countryside and services and everywhere. Certainly there's a lot
of Hispanic labor here. Is she near accurate that in
your judgment that Mexicans sustain our economy.
Speaker 5: No, it's it's a it's a completely ridiculous statement.
Speaker 3: Okay, don't don't don't don't like be wishy washy.
Speaker 6: Yeah, no, it's it's just nonsense. And and other than that,
like you know, yeah, I bet you could probably make
I mean, what since the other part of it is
what what does that have to do with anything?
Speaker 4: Right?
Speaker 6: If if we if we legalize cocaine sales and tax them,
that will help revenues to and improve the national deficit.
Speaker 5: Well, what does this have to do with anything?
Speaker 4: Right?
Speaker 6: Like, First of all, if you look at the vast
majority and I'm talking like ninety eight ninety nine percent
of immigrants that have come in the country of the
last three years, they live in they live in urban centers,
they're they're living off well there and in handback, this
is completely nonsensible. Second of all, there's already a working
the working visas for for seasonal workers where we already
have that. You can go like that's that's I'm forgetting
what the name of it is. But there's a there's
a program where effectively you can get temporary citizenship on
an annualized basis to come in and do seasonal work.
Speaker 4: Yeah, so.
Speaker 6: This is these are little kids throwing fits because somebody
told them they have to eat their vegetables. I mean
that that's that's what we're talking about here. There's just
all there there. The whole thing is completely ridiculous.
Speaker 3: Things you're going to have to change.
Speaker 1: I saw this thing, Jake Tapper was attacking Steven Miller
and we'll run this video maybe next week. So Jake
Tapper had Steven Miller and Stiver is kind of the
the immigration thinker with President Trump first term, second term,
and Jake just gets all over Stephen Miller and you know,
you're going to destroy the economy, We're going to pay
more for foods. You're going to you know, destroy farms.
And Steven Miller sits there calmly. He goes, illegal immigrants
work ones at two percent in farming. Yeah, yep, that's
just the stats, the same thing that you just said
that they're in this. I want to run this idea
by you. We're getting the violent cartel members out. I
saw this thing in Washington State. They arrested a child
rapist immigrant who was supposed to been deported, but he
was sheltered. What do you think of having pardons for
illegal immigrants who have proven themselves to be incredible citizens?
Speaker 3: Because side by side, So you like that idea, love it?
Speaker 4: Love it?
Speaker 5: Yeah.
Speaker 6: Hey, if you if you come here and you want
to work, and you and you want to raise your kids,
and you're a productive part of the family, and you
want to be part of the American dream. I'm all
about making immigration easier for those folks. What I'm not
in favor of doing is offering free handouts with an
open border, because you get the exact opposite of what
this country was built on. People opted in to this
country with no promise, no guarantee. That was the deal, right,
and so by definition it was a self filtering process.
The way you're doing it now, as a matter of fact,
you got to tip your cap to these immigrants.
Speaker 5: I would be doing the exact same thing that they're doing.
Speaker 6: If somebody's gonna sit there and say, yeah, we're gonna
open the border deal, We're gonna put you up in
a hotel and give you free money, why would.
Speaker 4: You not do it?
Speaker 1: Like other than that of a sense of self respect
that I don't want people hand feed me because I'm
not an iguana or a puppy dog.
Speaker 3: I mean there's that. I don't want to be hand
fed like a No.
Speaker 6: But if you're great, but if you're living hand in
mouth in Mexico and you're you're an abject poverty, whatever
you can do as a father to get you know,
like I just pit put myself in that situation. Would
I want the handout.
Speaker 4: No.
Speaker 6: But if I'm in that economic situation and you're going
to offer me a chance to get my kids into
the US, in the US schools, all that kind of stuff,
I'm jump I'm jumping at it, and I don't.
Speaker 5: And that's why I think part of this greation policy,
I think that we should make it really hard to
get in here illegally, and I think we should make
it much easier to get in illegally right.
Speaker 1: And I think that though, when we're making it easy
to get in here legally, we should predicate it upon
who do we need here? This is going back to
who we are right we get to have these decisions
I'm talking about. You're getting this because I've been monitoring
the media in your separate country. Your governor, the very
dangerous Bob Ferguson. He has put together a family separation
task Force.
Speaker 3: Yes, So the moment, the moment.
Speaker 1: You have Ice roll in a place, they report that,
your dictator, Bob Ferguson sends out a team of lawyers
to fight this.
Speaker 3: This is the same Bob that.
Speaker 1: Wants to put people in jail for expressing political opinions,
and he doesn't care about that family separation. I'm talking
about countering taking away his ability to motion manipulate by
putting on press releases or press conferences where President Trump says,
here's the winners of our ten pardons this month, and
he introduces a family. They came in illegally twenty years ago.
Since then, they have been paying taxes through someone else's
Social Security number.
Speaker 3: That's illegal.
Speaker 1: We're going to talk about that. But they've been paying
the taxes. They have put their kids through school with
their own money through private schools. They rescued people from
a fire, the son serving our military. We are giving
a pardon along with a fine. Right, they're going to
pay fines for what they've done, but they are pardoned
for the crime of sneaking into our country. On the
other hand, here's an arrest we made this week of
a dangerous felon.
Speaker 3: And then he gets a chance to.
Speaker 1: Talk about your dictator, right, your dictator, Bob, And here's
what he's doing.
Speaker 3: That's what I'm when I'm talking about pardons, that's what
I'm talking about.
Speaker 5: Yeah no, and I'm all for that.
Speaker 6: There's got to be some type of leverage here's here
that Trump can apply to these guys, when when what
I would do or as I would advise him to do.
Speaker 5: The minute Ferguson drops something like that, I would answer
with extraordinarily painful measures of withholding federal funds and just say, listen,
if you're not going to comply to US immigration laws,
we we are cutting you off.
Speaker 3: Good luck, yepuck and I.
Speaker 5: And I'd sit there and look at I do.
Speaker 3: It in California too, I would if I were I
would go to his.
Speaker 5: You don't get any relief funds until you do this.
Speaker 1: There's there's there's chatter, and it's significant chatter from real people.
I mean, people who know that the Trump administration is
finally going to loosen up the US attorneys in your
state to go after the corruption that everybody knows exists.
Good because it's been there, but no one messes with
the king's son. So if I were Trump, then I'd
be going back to his DJ and saying, Okay, not
only were we going to do this anyway because they're corrupt,
but now they're actual insurrectionists.
Speaker 5: And they're violating national law.
Speaker 1: Right they're insurrectionists. There's cessations, cessationists. There's a point of
conversation I want to have with you about social media
and the power of this, and it goes to the economy.
It has to do with Visa and Elon Musk and
I know you guys got to be on top of this,
so let's talk about this in a second. I wanted
to tell people there's a couple of new bags coming
from a bone Frog Coffee and dang it, they're going
to be so controversial. And one has to do with
a cross. The other has to do with Trump and
a color. So get ready for this, get in line
for this. But then also can you just recognize them
and pray for something. One of the guys who works
at bone Frog, his name is Atticus. He's gotten called
up to boot Camp and then Buds. So he's leaving
bone Frog to go through the Buds program to become
a Navy seal.
Speaker 3: So I want to just take some time.
Speaker 1: Is Bonefrog Coffee dot com slash todd. That's the you
get the ten percent discount and the first cop or
the first bat you buy fifteen percent of subscription coffees.
I'll talk about the quality the coffee later. I do
that all the time. Would you pray this weekend for Atticus?
Because that is a huge, huge undertaking boot camp straight
into Buds. And let's pray that God is with him,
that he gets through that, that he thrives, that he
in fact enjoys the experience, and that he's the guy
who goes on to serve. There's one other guy named
John and he's trying to get into Buds. So both
of these guys are in the Navy. John's trying to
get into Buds and they work at bone Frog. That's
the class of people Tim hires there, always tries to
work with veterans, veteran owned organizations, Bonefrog, Coffee, dot Com,
Slash Todd and praying for Atticus and really right now
Atticus and later John.
Speaker 3: So Elon Musk. He's been talking about this forever.
Speaker 1: They've struck a deal with Visa and this is the
credit card network, not the cards, to be the first.
Speaker 3: Partner for the X money accounts. And it's very simple.
Speaker 1: He's got all these accounts, everybody's got their information, he's
got their email addresses. Most people have put their phone
numbers in there. Many people put their addresses in and
this is going to allow people to move money, make
peer to peer payments. So it's like Zell, it's like Venmo.
This new entry matter is zach because the installed user base,
the apps he's already got installed in people's phones. This
to me strikes me as a major disruptor, particularly since
Zell and Venmo those are liberal companies who don't particularly
like our values.
Speaker 4: Yeah, I.
Speaker 5: So, And what exactly is the question?
Speaker 4: So?
Speaker 5: What would exactly to me?
Speaker 3: To me, this is a major disruptor. Am I wrong
to think that this is a major disruptor?
Speaker 5: It certainly could. I mean, it's certainly, Yeah, it certainly
can be.
Speaker 1: It certainly can be installed user base. He adds a
tab to the app, he gives discounts to users. He's
got in house image or to promote it. I mean,
to me, this thing comes out of the gate with
an easy in the first year. By the second year,
I say, he's got one hundred million users.
Speaker 5: It doesn't seem unlikely. It doesn't seem it doesn't seem
unlikely to me. Yeah, I I I yeah, I man,
there's so many moving parts.
Speaker 1: I don't He's got a track record of building great tech,
he does easy to use, he's got a track record
of success in consumer apps. He gets branding, and then
there's this make payment as easy as tweeting. I mean,
if you make paying, you walk into an organization, I'm
not doing a QR code thing. You walk in, you
hit a tweet, you paid, and it's not quite Apple wallet,
but that's very, very big. And then promoting the things
that you pay for instantly. Zach just purchased these tickets,
and then that's put out. Oh oh, Zach's going yeah,
and and and.
Speaker 6: One of the things I like about that is I
don't like Apple. I don't like what I think their
I think their products are garbage. I think they're getting worse.
They don't innovate, and I don't like using any more
of their new things because at some point, Apple's corporate
strategy went from building really cool stuff that everybody likes
to building things that hold you and capture you inside
of their ecosystem. And anytime a company starts doing that,
even if that ecosystem is helpful, I just naturally push
back against it. I'm like, no, no, no, no, you
are not going to course me into anything, right, I'm
a free agent. I will use your products because I
want to, and I like using your products until you
made me start doing it.
Speaker 5: And so I won't use Apple Wallet. I would use that.
Speaker 3: I'm exactly the same.
Speaker 1: I have Google apps on my iPhone and anytime I
need to get tech support from Apple. What are the
guys to say, why don't you just use our mail
plant right, just as their mail app? Oh, because I
don't want to be locked in?
Speaker 5: Yeah, and I don't like your mail app, right?
Speaker 3: And why don't you use our music app? Because they
don't want to be locked in?
Speaker 5: And I don't like your music app.
Speaker 3: Do you remember I don't know if you tracked this.
Do you remember a feature on Facebook called Facebook Beacon?
Speaker 5: No, but remember I've never had a Facebook or MySpace account.
Speaker 1: Remember this is a really funny story. They launched a
thing called Facebook Beacon. This was very visionary and it linked.
It didn't tell you it did this. It linked your
Facebook account to your online purchases, so they were tracking
what you bought and posting it. And this is a
true world scenario. A friend of mine, Shelley Palmer, is
a tech guy and he's nice guy. He talks on
TV at tech super smart guy. This happened to one
of his senior employees. So the guys at work and
he's making some plans. Bob just purchased two tickets to
the opera, Bob just pick it, purchased some flowers. Bob
has made dinner reservations. So this is all populating his page.
His friends are liking it looks like you're gonna have
a fun night. He doesn't even notice.
Speaker 4: Wow.
Speaker 1: So Bob shows up at the opera with his girlfriend
and then his wife walks up, Oh oh, hi, Hi,
well notty Bob, right, how did And then it turned
out they didn't tell anybody they were doing this. I
mean this, this goes to the ego of the tech people.
Oh oh, by the way, we're going to be tracking
or purchasing and telling everybody what you buy. But if
you opt in on, man, I'm telling you, this has
the capability to remember a group on that thing where
if you if enough people sign up, we're gonna give
you this much discount. This has check in capability, This
has group on capability, This has for this many retweets,
the price goes down. I'm telling you, man, I'm making
a prediction right now, but this is a marker. I
think that that that payment system is going to be
the disruptor in the payment world because of its ability
to push viralism, to drive group discounts group activity, and
because of Elon Musk has chosen a side in the
culture war.
Speaker 5: I don't you know what I had not.
Speaker 6: I got to be honest with you, I hadn't thought
about that angle on that one yet, and I I
fullheartedly agree. The only the only bummer about that is
is that, uh it, Yeah, we can't invest in it,
you know, because it's because it's private.
Speaker 1: You don't think Elon will spin that out. I bet
you Elon will spin out the financial entity.
Speaker 6: He should at some point because he can restructure the sharers.
Hen he could do a similar structure that like that
that Facebook did, where he can still maintain autocratic control
over it, right and and still sell it off and
and and spin it back out. But he's got to
get revenues up. I think revenues are probably still down
real sharply from where he purchased it. Yeah, but like
you said, or we were talking about in the office,
he might be able to offset that a little bit
because he's got a whole new contingency of fans exactly,
and those people like the Tesla bros from back in
the day, they'll step in there and buy it just
to support him.
Speaker 1: Yeah, there's some chance that he might get some special
deals on his AI through the White House.
Speaker 6: All right, hey, and hey, look, and if you're one
of these tech guys and you're not working in an
effort to try to ruin us or rod us from
the outside, I'm okay throwing some special deals there.
Speaker 3: Okay, Right, let's be let's be consistent.
Speaker 1: We're going to get into the Navidio conversation, and I'm
going to tell you a little private fact about myself
that I have gotten so into the Bibtemizer's products guys,
that I now take quarterly shipments. It's not enough for
me to have subscriptions. I like to have all my
stuff up front. My quarterly shipment arrives, I think today.
So here's what's in my quarterly shipment. And this is
how much I believe in this company. And I look,
I pay for the products. I mean, yes, we get
paid to promotable the show, but I pay for the products.
So Magnesian Breakthrough Cornerstone sleep relaxation Regularity, that's the product
most people know them about.
Speaker 3: I use that before bed P three.
Speaker 1: Oh m, this is so good at keeping food and
the byproduct of food moving through your body. And you
think that doesn't matter, but it does because it goes
to your body's ability to cleanse itself, to properly use
water to stay hydrated in the right way. Mass symes
because of all the protein I eat, and yesterday was
a heavy lifting day, so I was at three hundred
and eighty grams of protein. Just pro tip, if you're
eating that much protein and you are not having about
four hundred and fifty ounces of water a day, look
forward to kidney stones. So when I'm eating that much protein,
I want to make sure I get the most for
my money. Mass symes creates more amino acids from the
proteins I eat. I think it's like two thousand times more.
Speaker 3: It's a lot more.
Speaker 1: And I stack that the product that I get quarterly
that I most use most rarely is called sleep breakthrough.
But for instance, we have a night where we're out
really late because it's well late for me. I get
up at four and it's when we have our life
group at church. I know I'm going to get five
hours of sleep tops, so I want it to be
the best sleep.
Speaker 3: So I take magnes and breakthrough in the way home.
Speaker 1: Then I have a scoop of sleep breakthrough and I
follow that with water and man, my sleep is so solid.
Sometimes my sleep is better because I just sleep five
hours better. I don't even wake up, and I get
up and go to the gym. So you can have
this this and adjust it to yourself the things you need.
You may not need all these things. You at a
bioptimizuers dot com slash todd, you'll save ten percent off
of all their products.
Speaker 3: And subscribe like I do, and.
Speaker 1: You'll get free exclusive officers, exclusive discounts, exclusive information it
spotty Messages dot com, slash todd. The strangest thing happened, Zach,
and I thought this was illegal. I thought it was
illegal for companies to compete in the Navidia ecosystem. But
then again, the Chinese Communist Party doesn't care. They have
launched the Chinese Communist Party, well, not them, but a
company that they bless has launched something called deep Seek.
And in a single day, Monday, was it the twenty
seventh or so, the video dropped seventeen percent.
Speaker 3: Yeah, because of the entry of one new company. And
I was looking at all the debates, people say buy
the dip by the dip, by the dip.
Speaker 5: People are idiots.
Speaker 3: Okay, please please explorin No, this is.
Speaker 5: The problem with buying a company that expensive.
Speaker 6: I mean you got to the company was worth three
and a half trillion dollars trading at thirty times revenue.
I understand that our entire culture and our entire financial
markets have become completely value agnostic. Yep, nobody no value
if it bit him in the backside. But it's ridiculous, Okay,
so it I And I've said before, I think in
Video is an amazing company. I think they produce amazing things. Okay,
what you have to believe if you think the stock
is a bye by the dip here, you got to
believe that those margins seventy percent are sustainable.
Speaker 5: Okay.
Speaker 6: What Deep Seek really showed us, and I think the
lesson to glean from this is that those really powerful
chips I think are really important in the early stages
of building LLLM models to kind of build.
Speaker 5: The analogy we've been using is to kind of build
the foundation.
Speaker 6: But once the foundation is built, everybody can piggyback off
everybody else's work and kind of start from there. So
what you're seeing, or what deep Seek is intimating and
what Ali Baba is now backing up and seconding. We'll
have to see the veracity of these reports that came out.
But markets are really adaptable things, and they and they
find it right. They adapt, they evolve, they move, they
figure out when the gap between I mean, the chip
that you think you need and the next best available
is forty thousand dollars per chip, that's a really big
window for engineers to come in and try to figure out, right, like,
maybe they can't save you all of it, but if
they can do the same thing with half the number
of the expensive chips, that saves billions of dollars. So
our whole approach has been Look, their chips are amazing.
What Nvidia has done is incredible, no knock on them.
But the current stock price is based like, the only
way the current stock price makes any sense is if
you think seventy percent margins are available or are sustainable.
If you think seventy percent margins are sustainable in chips,
then you don't understand the chip industry.
Speaker 5: It's just that simple.
Speaker 6: You're talking about one of the most cyclical industries in
the entire world. Okay, and you're also counting on that
there will be no technological breakthroughs that enable people to
use less of those GPUs. So I look, I I mean,
I'm sitting here looking at a market right now with
Apple with a what a garbage company that's turned into
trading it forty times earnings with no growth, So you know, I.
Speaker 5: Could it go up? Sure?
Speaker 6: I just think that there are so many fatter pitches.
The other thing, if you guys think you're being really
smart buying Nvidio on a dip, a billion dollars worth
of investors did the exact same thing yesterday, okay, So
you're not out of it, right, And the reason they're
buying it, they're buying it completely value agnostically. They have
no idea what the real valuation of it is. They go, oh,
it's only trading at fifty eight to pe. When you
look at their earnings growth and you look at them, go, guys,
they're at three point four trillion dollar market cap with
less than what was it, three hundred and fifty billion
in revenue. They're trading at thirty times sales right like
and again, if you think they're going to sell another
five to ten years worth of chips seventy percent margins,
then yeah, to buy here, but what what that would
take is something that we've never witnessed before and never
seen and has never occurred in history. And you also
have to assume that no other company is going to
figure out how to arbitrage that forty thousand dollars spread
between the two prices. Basically, you have to think that
in Vidia is the only one that knows anything and
everybody else just bunch idiots and it just it.
Speaker 5: So where's the stock? Who knows? I mean, the stock's
trading at thirty times? I mean, you know, I wouldn't
buy it with your money or.
Speaker 3: Well, thank you matter since you manage my money, thank
you for that.
Speaker 5: Yeah, I haven't bought it with your money. Yeah, but no,
this is just people and this is what happens.
Speaker 6: So right, nobody's paying attention to any any of the
underlying fundamentals.
Speaker 5: And then they're looking, well, the.
Speaker 6: Stock was there before, and you go, guys, when the
stock was there before, the company was growing revenues at
twenty percent a year, it's not now now.
Speaker 5: In Nvidia still is right, But I yeah, I just
I could be wrong now.
Speaker 6: That I'm speaking it, and I'm speaking about it in
such certain terms, I probably will be so CONVIDIOSI, but no,
I just you know, when I look at so many
of the other opportunities out there, and you want me
to buy a three and a half trillion dollar company
at thirty times revenue, I'm good.
Speaker 1: Thanks, Yeah, that makes perfect, perfect sense. Always good to
have wise counsel today with Zach Abraham. Thank you for
letting me wear the flannel shirt for most of the
show that I got horribly hot because I thought there's
horrible big lighting in here. And say hi to the
Bypocks and we will see you over here in the
high mountains. Freemerker, oh the twentieth I keep forgetting to
speak into this. I am speaking at a CEO to
CEO event in Washington State in Bellevue on Feb twenty.
It's in the morning, and I'm hoping to have you
sitting at the leadership meeting, and I happen to mention
this to your wife, and then I forgot that I
told you because I want to tell part of your
story up there, yeah, in front of the CEOs. So
you can go find this CEO to CEO. We'll put
this on the websites and alex Next week we'll start.
Speaker 3: Promoting this and we'll get the link out there. It's
everybody with you. This is the Todd Hermer Show. Please go,
be well, be strong, be kind, and please make every
effort to walk in the light of Christ.