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