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Speaker 1: What obligation do Christian parents have in the you will

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own nothing and be happy world to their kids? What

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obligation does they suppose that the Christian nation have to

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the world. And would there be a better way to

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raise housing prices than what the new mayor of New

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York intends to do. We'll talk about this all was

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Zach Abraham, Chief Investment Officer Board Capital Management, And we'll

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get started with the good graces and help of God Almighty.

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Speaker 2: The Todd Herman Show is one percent disapproved by big

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pharma technocrats and tyrants everywhere from the high mountains of

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Free America. Here's the Emerald City exile Todd Herman.

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

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are the times to which God has decided we shall

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live in. Joining us from the western parts of the

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separate country of Washington State, far off an island protected

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from the masses by a massive wall made of gold

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and something else titanium going through check check.

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Speaker 3: Joe, And yeah there's some silver in there too, Okay, yeah,

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I And and if I if all of a sudden,

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I just have to take off in the middle of

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the interview. It's because Ferguson's guns have showed up for me,

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So I just if I've got a jam, you know,

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I might have to go work in the in the

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in the rock Cory for a few years.

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Speaker 1: That would be Bob Ferguson your new dictator who.

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Speaker 4: Yeah, well I call him dear Leader, but you too?

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Speaker 1: Do you know what people call him? Because of all

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my years and radio there.

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Speaker 4: Can we say that on the air?

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Speaker 2: Yep?

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Speaker 1: Sideshow?

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Speaker 4: I have a public and private name for him, right.

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Speaker 1: Yeah, you know people call him side show Bob right.

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Speaker 4: Yes, I yeah didn't didn't you coin that?

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Speaker 5: Yeah?

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Speaker 1: Yep? I sold that from a guy, but then I

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I got permission to steal it and I started to

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use that. He's been called that at public events and

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it really really drives him crazy.

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Speaker 4: Well you can tell he's one of those cats.

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Speaker 3: Yes, every little thing gets under his skin and he

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wants to be taken serious because the jocks picked on

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him in the locker room when he was in high

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school and now it's time for his revenge.

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Speaker 1: Yes, No, he actually has a list. His staff has

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admitted that he has a list. I'm on that list.

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I'm way down now that I've moved out of there,

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but I was on that list. He made a run

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at getting me fired. So when you're joking about him

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coming after you, you just made the list. Bring it first,

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figure out where I live. Now, speaking of bosses, I

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want to talk about housing, and I want to talk

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about a movement. That's it's man, it's it started with

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a few men, fathers talking about this. Now this thing

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has been trended on Twitter x a few times and

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it's about normalizing purchasing houses for your kids. But I

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wanted to start here. This is from the campaign. This

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guy's now announced. Zoron mcdonnie has now announced that they

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are going to begin buying up homes from the private

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markets in New York City.

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Speaker 5: So further toward the Vienna model, we'll have to go

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beyond the market. We can establish community land trusts to

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gradually buy up housing on the private market and convert

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it to community ownership. We can give tenants to write

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a first refusal to buy out their landlords when buildings

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go up for safe and we can fully commit to

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a new era of social housing, ending subsidies for luxury

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housing development and using our wealth to build beautiful, high

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quality social housing projects that offer good homes and strong

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communities to everyone. We won't decommodify housing overnight, but we

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know what we have to do, and we have history

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to guide it.

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Speaker 1: All right, I'm just going to shut up because your

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physicality there was pronounced.

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Speaker 4: So I've got two words for him. Yeah, briny greens.

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Yeah in Chicago.

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Speaker 3: Yeah, this was that beautiful, nice, you know, dignity yielding

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housing project. They got taken over by the drug lords

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so much so that they filled the elevator shafts with

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human excrement. Yeah, okay, So show me an example of

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a community owned housing project that looks good eighteen months later,

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that people are taken care of, that does not become

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a den of iniquity. Now, the one thing I will

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say about what he said is, I do think it's

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kind of like you and I have talked about Todd,

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where where we have gone to such a ridiculous place

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in society that there's no nuance left. Right, So are

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there things that we can do? For instance, do I

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have a problem with a process that gives current tenants

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the right of first refusal of sales in a condensed

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period of time? So get them time to you know,

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maybe it's ninety days. Give them a notice I don't

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have a problem with that, and I think that's actually

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a fine rule. And the reason why is it saying, hey,

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you're a stakeholder here. Well, you're not really a stakeholder,

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but you're here, you're living here. We're going to give

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you the first shot. But here are the parameters. We're

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going to get three separate bids, three separate appraisals, we're

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going to average them together, and you get a shot

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to buy it at that price.

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Speaker 4: That's the deal. But but that is not interfering with

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free markets, right, and.

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Speaker 3: It also has to have some It also has to

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have some protection from for the owners in there as well,

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because they can't get hamstrung by this. Yeah, but when

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you talk about got see, here is the problem, and

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this this is the and I'm not I know, I'm

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telling you nothing.

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Speaker 4: You don't know. But any time, what you need to do,

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if you want to make these changes and you want

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to make quote unquote housing more affordable, is you need

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to change the incentives, not have government step in there,

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because government is not driven by profits, which means you know,

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you and I have talked about this million times. It's

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really hard to run a business, manage costs, manage capital planning,

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do all this stuff and generate a profit. It is

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impossible if generating a profit is not the goal, right, Yes,

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And that's why it's not that they're evil. It's not

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that they intend poorly. Like like I said, well, I

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think he I think the idiot.

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Speaker 3: He's an evil idiot because he's thirty three, he's a

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he was never had a rapper five years ago.

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Speaker 1: He's never had a shop.

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Speaker 4: It's a clown show.

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Speaker 3: It's like the it's it's it's like the more on

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the They the head of the knitting knitting committee.

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Speaker 4: And I'm not knocking on knitting.

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Speaker 3: I love it, by the way, but but it's like

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they higher the net ahead of the net knitting committee

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to run the city of Seattle in a multi billion

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dollar budget. And and and the equivalent I said is,

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I'm sure it's a nice person. But here's where we've gone.

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We got a fleet full of broken down buses and

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somebody's yelling, quick.

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Speaker 4: Call a cook.

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Speaker 3: Right, Well I thought we had broke down buses.

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Speaker 4: Yeah, but they're a really good cook.

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Speaker 3: Yeah. Look well okay, right, And just it's just the

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silliness and the stupidity of it. And when government gets

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in there, who is not incentivized by prophet, who is

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not incentive to allocate capital.

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Speaker 4: As a matter of fact, when they're telling you this,

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what government is saying to you is that we are

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going to bid up prices and we are going to

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allocate those resources in an extraordinarily uneconomical way.

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Speaker 3: Yep.

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Speaker 1: And people, that's what they're saying exactly. And people who

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know that government's coming in to buy this stuff, they

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know that, and they'll send that signal to the marketplace

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and you'll have this outflul of people. But that's now. See,

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this is not, as you know, in a vacuum. Did

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we talk at all about the series catalog houses? I

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don't know, Okay, So I got to tell you about

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this in a second, because this is where I wanted

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to talk with you as a Christian and a guy

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who leads your family in a Christian way, and a

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guy who's been successful with money and other people's money,

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but has been through the hard times. Because I look,

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there's hard times coming for young people in this country economically,

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and it's unavoidable. We can do the sugar high thing,

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et cetera. But I'll tell you why I want to

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talk about the Sears houses in just a second. Hey,

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we have a quick opportunity here. I want to tell

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you about this. We've been begging for a movie to

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be made about Anthony Fauci. I don't know how many

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times we banged the table. Is HBO going to do it? No,

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they didn't do it. I don't know. Maybe you'll have

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sixty minutes at least go and look into them. No,

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that didn't happen. What about a lifetime you know, Hey,

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Timy Fauci wants his baby back. No, it took Angel

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Studios to go out and make Thank You, Doctor Fauci,

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And it didn't come without a cost, a couple of

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years of research and then being threatened by one of

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the most mobbed up attorneys in all of Washington, DC Cat,

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who's represented three former presidents, now represents Fauci and still

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Jenner First and his team. Jenner's an award winning filmmaker.

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They wouldn't stop. They refused to stop. They got the

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movie put out despite the pressure, and we learned some things.

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For instance, this we're probably still to this day paying

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double agents who work for the Chinese Communist Party to

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spy on us and they spined them and it's a

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bio arms wear race. That's what this is maybe all about.

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And then there's the funny thing about the polio and

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aids tie in into the design of the virus and

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the design of the injections. That's weird. Go watch this

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movie immediately called Thank you, Doctor Fauci, It's Angel dot

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Com slash Herman, and join the Angel Guild. You get

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to vote thumbs up for this movie. They'll make more

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like it or distribute more like it in working with

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guys like Jennifer's It's Angel dot Com slash Herman. So

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Zach Abraham, you sit atop a pretty big organization, BORT

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Capital Management, big in terms of taking care of people's money,

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starting wealth, and I wanted to run this past you

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as a Christian man, as a guy who raises his

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family and leads his family, and I wanted to start here.

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Did you know that you used to be able to

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buy a complete home from the series catalog seventy thousand books?

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Speaker 3: Yeah, the meaning you said that, I remembered that, Yeah, yeah,

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And that was like, wasn't that like the seventies a little?

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Speaker 1: I think it was a little earlier than that. In

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the sixties, fifties, sixties, but you could purchase it co

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complete home seventy grand. And that's for adjusted for today.

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That's that's inflation adjusted for today, what it would cost

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you seventy grand. And I'm talking about a five bedroom

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home with built in cabinets, bay windows, wiring. I mean,

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they shipped this tough to you, and families could put

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this stuff together. It was so well labeled and set

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up you you as a family could place it on

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the foundation and build it. There's a neighborhood in la

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where there's still about ten of these houses and people

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live in them to this day. So enter into this

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hoas obscene zoning regulations, obscene building regulations meant to enforce

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the on site builds, the value added attacks. On top

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of everything, that seventy thousand dollars house that's adjusted today,

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You got those house kits, Zach, six maybe eight grand

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inflation adjusted dollars seventy grand, and and you had these

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family houses that last to today. We live in a

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time where I have young people come to me all

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the time, Zach saying, and I'm talking smart, capable young

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people saying, the only way I'll ever have a house

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is to buy cheap land and build it with my hands.

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And I have people who live in cities. Young people

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live in the cities say I'll never own a thing.

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And there's a movement of Christian dads and they say

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that we should normalize purchasing homes for our kids. My

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economic mind says, oh great, so we'll bring the home

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prices up further. My Christian mind says, do I really

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want to teach my children that they need me to

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fish for them? As an economics guy and as a

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father Christian guy, how do you view this?

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Speaker 2: So?

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Speaker 4: Well, let's let's let's separate it.

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Speaker 3: So let's look at the economic side and then the

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Christian side, and then I'll kind of give you what

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I think.

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Speaker 1: Can we do that? We can't separate christ for money?

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Speaker 4: Well? No, but so like, so let me put it

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this way.

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Speaker 3: Okay, I'm going to give you the purely mathematical number. Okay, right,

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because and the reason I'm splitting this apart is all

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too often I see Christians when it comes to issues

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about money and how to allocate their capital. God is

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a footnote, right, if he's even a note at all. Right,

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It's like I'm gonna do all these things. Well, yeah,

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but this is business, yeah right right, where I'm like, what,

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pardon it's if it's business and it's important, he should

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be front and center and not front and center because

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you need to be a good Christian. But take it

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from me, front and center if you want it to work.

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Good luck, Good luck, especially if you're a Christian. One

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of the things I learned in my life is because

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I was not doing things correctly. Because he loved me,

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he wasn't gonna let me pass go.

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Speaker 1: So right, He's gonna hold you up from success because

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you are not being a wise steward.

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Speaker 4: Because he loves me.

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Speaker 3: Right giving your Giving anybody something when they have not

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earned it, or they have not acted accordingly to the

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set of expectations that yield that result, you're.

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Speaker 4: Not helping them eat. What is more important?

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Speaker 3: Is it more important for the world to look at

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our children and tell them they're economically successful, or is

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it more important for us to teach our children the

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lessons to be the people that they're supposed to be.

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If we truly believe in God and we put him first,

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are we concerned that our children won't have somewhere to live?

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Speaker 1: No, because the sparrows of the fields, and and what

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can you add with you know, to your life? One day?

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Speaker 4: You know it dresses the lilies, right, dresses the lilies? Right?

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Uh so what what?

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Speaker 2: So?

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Speaker 3: Now we've got to seize the wheel. I learned a

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really important lesson in the last two years of my life.

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Speaker 4: I got. I got.

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Speaker 3: I had a government agency come after me on completely nonsensical,

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trumped up garbage comment, just garbage.

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Speaker 4: We had we had the minute it started. We had

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third party record, third party records.

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Speaker 3: From fortune five hundred companies that backed up one hundred

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percent of our story. They ignored it. It was a

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witch hunt. We don't really know why. There's thoughts that

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it could be, you know, that could be politically motivated,

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all that.

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Speaker 4: Whatever. My point in saying is, I made a big mistake, Todd.

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You know what I did.

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Speaker 3: It was the first time I felt like my business

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was under threat and I grabbed the wheel. I was like, hey, Jesus,

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thanks forgetting us here. Hop in the back set. I've

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got this right. Eighteen twenty months later, I can't sleep,

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I'm miserable, my wife is ticked off at me, I'm

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barking at employees, and I wake up, and I'm like,

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why am I so miserable? It's because I'm attempting to

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control something I cannot control.

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Speaker 4: Period.

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Speaker 3: I'm not leaving it in God's hands. So do you

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think that you care more about your child than God does?

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Speaker 4: Okay?

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Speaker 1: Okay. See this is where people can push back, and

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young people will say, okay, Zach Abraham, Okay, guy who

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builds up over capital, Okay, you've got yours, You've got

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your nice house. God has rewarded you, and they won't

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hear all the other things about Yeah. No, no, but God's

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only rewarding me because they become a good steward. I

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become humble. I understand. I don't do anything without the Lord.

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And so you're gonna get that pushback. You're asking me

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directly as your friends. Okay, I'm convicted. I stand convicted. Okay.

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I look, I watched God do miracles of my daughter's

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live Zach, often working through my wife, who has been

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miraculous in her refusal to give up or to bow

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down to pharma, et cetera.

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Speaker 3: So I love that about good women. Man, they dig

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in the hills man, thank God for it.

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Speaker 2: Yeah.

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Speaker 3: Absolutely, So one of my I'm not saying no, though

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I'm not saying I'm not saying don't help at all.

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Speaker 1: I heard you, So okay, I just want to finish

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this formulation that I pray to God, Lord, I trust you,

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and where I don't trust, help me trust.

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Speaker 4: Okay.

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Speaker 1: So yes, I am imagining. I'm looking at this movement

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of men saying normalized buying houses for your kids. So

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I would view this and say, as a Christian dad,

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my daughter's pursuing a career as an artist, so long

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as she's actually working at it, and I mean working

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at it, pushing to sell her art, supporting herself in

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a job that's maybe not art or art adjacent, she's

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making this forward progress. I can see as a Christian

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dad me coming along and saying much has been given me,

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much as expected. If I have tithed, if I've taken

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care of my direct family unit, my wife and I

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and have been a good steward in that sense, and

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I'm building the kingdom, then yes, I can reach into

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my pocket and say I will help you with a

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starter house and it's mine, and tell it's yours. So

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maybe it's a it's a least to rent or a

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rent to own arrangement with her on a legal basis.

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So maybe it's that.

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Speaker 3: Yeah, no, no, So I was gonna sit there and

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say yes, I didn't say don't help.

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Speaker 1: Yeah.

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Speaker 4: Maybe, but maybe it's putting down.

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Speaker 3: But here's the one thing what I would tell you is,

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like with anything else in life, like you were talking

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about your daughter, the goal goal should not be to

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get them a thing. The goal should be to make

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them a good person that loves God, meaning, don't do

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any of it. If they're not making the right decisions,

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don't do any of it. If they're choosing to take

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money and go on vacation and go buy this, and

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go buy that, and go buy a five hundred dollars purse,

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and now they go can't afford a house, We're like, look,

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you wouldn't have been able to afford a house in

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nineteen ninety seven because you make poor decisions. Right, So

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if I, if I anesthetize the pain of those bad decisions,

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I'm not helping them. However, if my kid is hustling

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and busting their hump, would I step up and go

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here's the deal. Look, we're gonna do a little deal together.

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I'm gonna throw a down payment down on this house. Well,

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let's go through your Budgetlet's figure out what you can afford.

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All right, here's what the mortgage on this place would

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cost you. Here's what I can rent. You're gonna make

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up the difference on this working around the place for me. Yeah,

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you're gonna you're gonna do some landscaping work. We're gonna

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paint some rooms, We're gonna do some roofing work. You're

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gonna earn this. And when we go sell this at

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some point when you need a bigger home, you and

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I are gonna be partners on it. But everything that

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you're gonna get from this, it's gonna be structured like

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a real business deal. I'm gonna recoup my cost first,

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and then you know, and then if they do a

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great job, obviously we can reward that and give them more.

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But this whole idea of giving, I'm gonna buy my

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kid at home. Let me let me just tell you

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something right now. I understand that things are tough out there,

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but think of how bad customers serve. I know, it's

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way better in Idaho. My wife and I love going

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over to Idola.

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Speaker 4: It's like you change worlds when you go over there, right,

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But a.

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Speaker 3: Lot of these plays, like think it is so easy

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to distinguish yourself as a tail kick and you know,

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go get her. In corporate America today than it's ever been,

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this idea that the roof is closed on young people

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and they can't do it. You know, what I hear

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from young people. What I hear a lot is well, yeah,

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there's that job offer, but it doesn't really represent who

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I am.

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Speaker 1: I have heard that more often than you would know.

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Speaker 4: And I go look at him and go, hey, buddy.

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Speaker 3: By the time you're fifty five, consider yourself blessed if

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your job represents who you are or fulfills you. Right,

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you know the kind of jobs you get when you're

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twenty three out of college, you get the jobs nobody wants.

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Speaker 4: That's the way this works, right.

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Speaker 3: You work in the mailroom and you work your way up,

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and if you bust your tail and kill it at that,

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you're gonna move up quick because none of the people

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around you, none of the competitors know how to work.

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Speaker 4: So I am not against helping.

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Speaker 3: But like I was telling my boys, me and my

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boys try to do this Bible study once a week,

402
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typically on Tuesday or Wednesday mornings. This morning we got

403
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a late jump on it, and so we did a

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truncated version. And they were asking me some questions about

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Hitler and things like that and what people were saying,

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and I said, we were walking through.

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Speaker 4: The whole Hitler thing, and I.

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Speaker 3: Was using it as an analogy to today, and I said, boys, listen,

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we need to be guided by godly principles.

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Speaker 4: And the funny thing about those is they don't change

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with time. And I go. So we believe Hitler is

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a maniacal.

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Speaker 3: Murderous, horrific human being that was satanically inspired. I don't

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care how the popular opinion turns in his favor to

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some degree, even by people that we typically say we're

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on the similar side to right because people move with

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tides and waves and wind.

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Speaker 4: We do not. What is right is right, what is

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wrong is wrong, and we ain't changing with popular opinion.

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Speaker 3: We will be the rock in the middle that charts

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the course and sticks to it again. The greatest gift

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you can give your children is for them to see

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that faithfulness in God, for them to you know, I

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just be in the world, don't be of it.

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Speaker 4: Oh, I want my kid to be a good person.

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I hope they have at seven figure net worth. Like,

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what are we talking about?

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Speaker 1: Yeah, yeah, there's there's a question that my pastor asks

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parents and he will get these reports of he'll say

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to someone they've seen him a while. So you know

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that parents come to church and then they move. Let's say,

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you know, we've got multiple locations to the church and

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so they're not in the main church. And pastor comes,

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oh my gosh, you know you've been going to the

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campus north locations. You know, how are the kids? And

436
00:21:11,400 --> 00:21:14,880
he'll get this, Oh my gosh, Jenny is finishing her

437
00:21:15,200 --> 00:21:18,000
fourth year at Stanton is a fifth No, that's right,

438
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she's in graduate school. Sam, I've just got a graduate

439
00:21:20,160 --> 00:21:22,079
school looking at it. Me be a doctor. Our son

440
00:21:22,200 --> 00:21:24,920
just came out of the Naval Academy and he's going

441
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to serve for a while and he's he's an officer,

442
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but he's looking really to get into the intelligence services

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and bought his first house. Our daughter, our daughter just

444
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bought a vacation place. Here's the fact because her husband

445
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works in there in tech and and my pastor will

446
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sit and listen to that and he'll actually do this. No, No,

447
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I meant, how's their walk with the Lord?

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Speaker 4: Right right?

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Speaker 1: How many parents do you know that when someone says,

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how's your kid? How many parents zach Abraham say, well,

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they're not walking with the Lord or praise God, they're

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really solid in their spiritual life. Because to me, yes,

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that's the outcome we seek. And I look, you've convicted

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me during this segment because I am very tempted to

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this day to be the lawnmower dad. But that business deal,

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that's the right way to structure it. But we're a

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nation of people like this. Our nation has been given

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much and we're supposedly a Christian nation. Now I say supposedly,

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and that most people don't even know what it means

460
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to have a biblical worldview. I mean it's like something

461
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like twelve percent or nine percent of youth pastors have

462
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a biblical worldview. That's a little scary. What do we

463
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as a Christian nation so called? What do we owe

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the world as a Christian nation? I mean prayer, caring

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for the least of these? Do we owe the world

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forourn eight.

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Speaker 2: No?

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Speaker 4: I mean not technically no, as Christians.

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Speaker 3: I mean as Christians that we owe I think when

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need passes our path, I think that's the answer, right,

471
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Like I always sit there and people go, funny story.

472
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When my wife and I were first together, it's probably

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probably been like a year and a half, two years

474
00:23:14,359 --> 00:23:16,240
we were together dating at this point, and we were

475
00:23:16,240 --> 00:23:20,119
downtown Seattle around Christmas time, doing like a Christmas thing,

476
00:23:20,119 --> 00:23:22,119
walking around with coffees in our hands, shopping that kind

477
00:23:22,119 --> 00:23:24,680
of deal. And we walk past the homeless guy sleeping

478
00:23:25,000 --> 00:23:27,400
in a paper in a in a cardboard.

479
00:23:26,960 --> 00:23:29,720
Speaker 4: Box, and I gave him twenty bucks yep. And my

480
00:23:29,759 --> 00:23:31,960
wife was like, why would you do that? He's just

481
00:23:32,000 --> 00:23:33,279
going to use it on booze?

482
00:23:33,319 --> 00:23:36,119
Speaker 3: And I looked at her and I said, honey, if

483
00:23:36,200 --> 00:23:39,799
he doesn't have if he doesn't need to tie one on,

484
00:23:40,039 --> 00:23:43,599
now pardoner my But but if he doesn't need to

485
00:23:43,640 --> 00:23:45,680
tie one on, I don't know who does. And I'm

486
00:23:45,720 --> 00:23:49,240
also not worried about my gift to this guy driving

487
00:23:49,319 --> 00:23:49,799
him lower.

488
00:23:49,839 --> 00:23:52,279
Speaker 4: He's living in a paper he's living in a cardboard box.

489
00:23:52,599 --> 00:23:52,799
Speaker 2: Now.

490
00:23:52,960 --> 00:23:54,559
Speaker 4: Did I really want him to go buy booze?

491
00:23:54,599 --> 00:23:54,680
Speaker 2: No?

492
00:23:54,799 --> 00:23:57,160
Speaker 4: But my point was that's not up to me.

493
00:23:57,960 --> 00:24:01,039
Speaker 3: Now, are there better, more comprehen ways I could have

494
00:24:01,119 --> 00:24:02,480
helped him and served him?

495
00:24:02,559 --> 00:24:06,240
Speaker 4: Yes, I didn't have time, But that's the other thing. Well,

496
00:24:06,279 --> 00:24:07,920
I'm not given to that because I don't know what

497
00:24:07,960 --> 00:24:08,720
they're gonna do with it.

498
00:24:08,759 --> 00:24:11,119
Speaker 3: You know what, Honestly, I think God cares a lot

499
00:24:11,160 --> 00:24:13,519
more about your heart and a lot more about your

500
00:24:13,880 --> 00:24:16,279
willingness to give. I know for a fact there's things

501
00:24:16,279 --> 00:24:19,319
I've given to where things have been money's been misused.

502
00:24:19,519 --> 00:24:22,079
Does it stop me or hesitate me? Absolutely not. That's

503
00:24:22,119 --> 00:24:24,519
between them. I did my job by having in an

504
00:24:24,519 --> 00:24:26,559
open heart and doing my best to give to and

505
00:24:26,640 --> 00:24:30,119
cover need that crosses my path right period. God didn't

506
00:24:30,160 --> 00:24:31,680
ask me to be a forensic account and to make

507
00:24:31,720 --> 00:24:33,279
sure every single cent was spent correctly.

508
00:24:33,440 --> 00:24:33,640
Speaker 2: Yeah.

509
00:24:33,759 --> 00:24:35,160
Speaker 4: Right, we can get lost.

510
00:24:34,839 --> 00:24:37,000
Speaker 3: In the weeds really easy, especially when it comes to

511
00:24:37,039 --> 00:24:38,440
keeping an extra diame in our pocket.

512
00:24:38,799 --> 00:24:39,920
Speaker 4: Isn't that funny how that works?

513
00:24:40,000 --> 00:24:40,160
Speaker 2: Right?

514
00:24:40,359 --> 00:24:41,279
Speaker 4: Responsibility?

515
00:24:41,279 --> 00:24:43,759
Speaker 3: When it comes to tithing, we're busting out the magnifying glass,

516
00:24:43,759 --> 00:24:46,599
We're checking everything right. But when it comes to buy

517
00:24:46,599 --> 00:24:49,480
in that new BMW five series, no, I don't think

518
00:24:49,480 --> 00:24:49,720
about it.

519
00:24:49,720 --> 00:24:52,319
Speaker 1: I gotta have the leather seats. Well, of course, I

520
00:24:52,319 --> 00:24:54,920
mean the cold those cost seats. First of all, they

521
00:24:54,920 --> 00:24:57,079
get sticky in the fake leather. It never works. The

522
00:24:57,079 --> 00:24:59,119
heater and then I get the small on my back,

523
00:24:59,160 --> 00:25:01,720
et cetera. You know, I guess I look at this,

524
00:25:01,720 --> 00:25:03,920
this responsibility, this way A great way, he said, it

525
00:25:03,960 --> 00:25:06,799
was when need crosses your path, and the other is

526
00:25:07,000 --> 00:25:09,880
just a check at the end of the day. And

527
00:25:10,200 --> 00:25:12,200
I use psal I'm twenty six for this beginning and

528
00:25:12,279 --> 00:25:14,160
end of the day very often to see if I'm

529
00:25:14,160 --> 00:25:17,559
walking in righteousness and in God's integrity, and then to

530
00:25:17,599 --> 00:25:21,640
step back and say, did I go around someone's deed

531
00:25:22,400 --> 00:25:24,119
or did I serve it? In which you said very

532
00:25:24,200 --> 00:25:26,880
very well about raising our kids to stand on the

533
00:25:26,920 --> 00:25:29,319
solid work of rock of God rather than make sure

534
00:25:29,359 --> 00:25:32,160
they've got five bedrooms in their house. But look, it's

535
00:25:32,160 --> 00:25:35,039
a spiritual war, and we recognize this, and this is

536
00:25:35,079 --> 00:25:38,079
a time where we hid into a Christmas season recognizing

537
00:25:38,119 --> 00:25:40,240
the birth of Christ. And obviously that's a big thing

538
00:25:40,240 --> 00:25:42,960
in your family and ours as well, our friends, mutual

539
00:25:42,960 --> 00:25:45,480
friend Tim Krukshank. Oh, by the way, can you see this?

540
00:25:45,480 --> 00:25:47,240
This is can you see this?

541
00:25:47,359 --> 00:25:47,519
Speaker 2: Oh?

542
00:25:47,559 --> 00:25:49,079
Speaker 1: Here, I'll put it up here. Can you see this?

543
00:25:49,920 --> 00:25:52,119
It's Santa I love that.

544
00:25:52,359 --> 00:25:55,799
Speaker 3: I mean, I wish everybody, I wish everybody could get

545
00:25:55,799 --> 00:25:57,519
a chance to meet him, because Tim.

546
00:25:58,079 --> 00:26:00,640
Speaker 4: He was like a CPA or a state farm an agent.

547
00:26:00,680 --> 00:26:02,480
You know what I mean, right, You'd never know, You'd

548
00:26:02,519 --> 00:26:02,920
never know.

549
00:26:03,200 --> 00:26:05,519
Speaker 1: Yeah, he's talking about Tim Krukshank, founder and CEO bone

550
00:26:05,559 --> 00:26:08,440
Frog Coffee. This is one of the new roasts state.

551
00:26:08,519 --> 00:26:10,880
It says God Country Team on the back. Stave Frosty's

552
00:26:10,920 --> 00:26:14,279
military slang for being cool under pressure and on high alert,

553
00:26:14,400 --> 00:26:17,160
ready for anything that comes your way. This is some

554
00:26:17,240 --> 00:26:19,920
of the things that available right now at Bonefrog Coffee

555
00:26:19,920 --> 00:26:22,759
dot com. Sash Todd They've created a Christmas easy button.

556
00:26:23,319 --> 00:26:25,920
Go there, click that. There's a whole bunch of merch.

557
00:26:26,039 --> 00:26:28,319
I'm getting some You were gonna send me a Bullwart

558
00:26:28,359 --> 00:26:30,960
Capitol shirt. I'm gonna get you a bone Frog shirt.

559
00:26:30,960 --> 00:26:33,920
And it is such good merch. But they've created another bag.

560
00:26:33,960 --> 00:26:37,319
This was Steve Frosty. This is a beg called Sisterhood.

561
00:26:37,359 --> 00:26:40,240
It's a tribute to Navy Seal Wives. You purchased this

562
00:26:40,279 --> 00:26:43,039
beg of coffee and you are also giving money to

563
00:26:43,079 --> 00:26:46,240
the gold Star Wives. And there's a note on the back. Man,

564
00:26:46,400 --> 00:26:49,519
I'm telling you sit down with a tissue. It's a

565
00:26:49,599 --> 00:26:52,160
tribute to Tim's wife, Liz, who passed a few years

566
00:26:52,160 --> 00:26:54,880
ago after Tim helped her live an extra fifteen years.

567
00:26:55,160 --> 00:26:57,480
Tim was a medic with the Seal Teams and a

568
00:26:57,519 --> 00:27:00,240
physician's assistant in the real world. This has cot fee

569
00:27:00,240 --> 00:27:03,799
in it called Lemonita. It's arguably the top one half

570
00:27:03,839 --> 00:27:07,279
of one percent of coffee in the world, and it's

571
00:27:07,279 --> 00:27:09,799
a special tribute to these wives. Bonefrog Cooffee dot com

572
00:27:09,839 --> 00:27:11,680
slash Todd promo code todd to get ten percent of

573
00:27:11,720 --> 00:27:15,440
your first purchase fifteen percent off subscription coffee. And yeah,

574
00:27:15,440 --> 00:27:19,359
I use that Christmas easy button. So zach with with

575
00:27:20,079 --> 00:27:23,839
this responsibility as a nation to the world, what is

576
00:27:23,880 --> 00:27:27,400
our responsibility to ourselves? This is a tough one, dude.

577
00:27:27,480 --> 00:27:29,039
I'm sitting ready and I know I don't know if

578
00:27:29,079 --> 00:27:33,119
you do you pay your taxes yearly? When do you guys? Okay, quarterly?

579
00:27:33,119 --> 00:27:35,640
All right, so I do it yearly. And you know

580
00:27:35,680 --> 00:27:38,640
that feeling you get where you maybe you guys auto

581
00:27:38,680 --> 00:27:41,160
sign these things so you don't have to touch them.

582
00:27:41,480 --> 00:27:43,680
But I open that envelope from my account and I'm like,

583
00:27:47,119 --> 00:27:50,000
I'm choking, and obviously I have a pretty good idea

584
00:27:50,000 --> 00:27:53,079
of what it's going to be, but I'm choking him

585
00:27:53,079 --> 00:27:55,480
and looking at this and I will put that off, Zach.

586
00:27:55,559 --> 00:28:00,200
I've had that envelope for twenty days. I know, Oh,

587
00:28:00,200 --> 00:28:01,799
I have to pay it. I don't want it to

588
00:28:01,799 --> 00:28:04,720
be late. I know I'm gonna end up FedExing it

589
00:28:05,680 --> 00:28:07,759
because they can't bring myself to do it. And the

590
00:28:07,799 --> 00:28:10,480
only reason I do it is because Jesus is watching me,

591
00:28:11,599 --> 00:28:13,799
and Jesus is saying, hey, by the way, I don't

592
00:28:13,799 --> 00:28:15,920
know if you know this, but Rome was pretty corrupt

593
00:28:16,000 --> 00:28:19,440
when I walked the earth and I told people to

594
00:28:19,480 --> 00:28:23,119
pay their taxes. And my question is this, and this

595
00:28:23,160 --> 00:28:25,400
is a dangerous line to walk. I always want to

596
00:28:25,400 --> 00:28:30,240
be careful on this. Is there ever a time you

597
00:28:30,240 --> 00:28:33,640
could foresee for yourself where there is a law passed

598
00:28:34,440 --> 00:28:36,319
and you have to look at this and talk with

599
00:28:36,359 --> 00:28:40,799
your wife and say, we can't we can't fund this?

600
00:28:42,279 --> 00:28:42,559
Speaker 4: Yeah?

601
00:28:42,880 --> 00:28:46,720
Speaker 3: Yeah, And but my answer to it is to if

602
00:28:46,759 --> 00:28:47,599
it gets to that.

603
00:28:47,559 --> 00:28:53,680
Speaker 4: Point, to try to move because render to Caesar.

604
00:28:53,720 --> 00:28:59,599
Speaker 3: What is Caesar's And again, I just, if that's the

605
00:28:59,720 --> 00:29:03,960
law of the land, then leave that land.

606
00:29:04,920 --> 00:29:06,160
Speaker 4: Yeah, And where are you supposed to go?

607
00:29:06,200 --> 00:29:06,559
Speaker 2: I don't know.

608
00:29:06,680 --> 00:29:09,839
Speaker 3: I I just but but again I just I think,

609
00:29:09,960 --> 00:29:14,640
and and when I say this, Todd, I am not

610
00:29:14,759 --> 00:29:17,599
at all saying that I've got this all sorted. You

611
00:29:17,640 --> 00:29:22,160
said I convicted you, You convicted me, And I'm forgetting

612
00:29:22,200 --> 00:29:24,559
exactly what I was gonna I was gonna or talking

613
00:29:24,559 --> 00:29:26,720
about how often if people ask you how your kids

614
00:29:26,720 --> 00:29:28,599
are doing, I don't sit there and first think about

615
00:29:28,759 --> 00:29:33,440
their walk with God and how that's going on. Football, yeah, probably,

616
00:29:33,480 --> 00:29:35,079
and more content. And I didn't even think about that

617
00:29:35,160 --> 00:29:35,559
until you.

618
00:29:35,519 --> 00:29:36,000
Speaker 4: Just said it.

619
00:29:36,160 --> 00:29:38,559
Speaker 3: So I'm not But when I'm when I'm saying this,

620
00:29:38,640 --> 00:29:40,359
I'm not saying, hey.

621
00:29:40,119 --> 00:29:41,599
Speaker 4: Do what I do because I've got all this stuff

622
00:29:41,599 --> 00:29:42,119
figured out.

623
00:29:42,960 --> 00:29:45,160
Speaker 3: I don't have it all figured out, and and but

624
00:29:45,240 --> 00:29:47,279
I do know what's right and I know what we're

625
00:29:47,279 --> 00:29:50,319
supposed to do because it's right there and doesn't mean

626
00:29:50,359 --> 00:29:54,200
it's easy. But yes, I think that there is absolutely

627
00:29:54,240 --> 00:29:57,079
a time where you go, hey, I can no longer

628
00:29:57,119 --> 00:30:00,440
be a part of this, and but you need to

629
00:30:00,480 --> 00:30:05,000
make a change, and breaking the law is not the answer, right, Yeah,

630
00:30:05,039 --> 00:30:07,559
moving yourself from that or figuring out a way out

631
00:30:07,599 --> 00:30:10,759
of it legally or something like that. Because the flip

632
00:30:10,799 --> 00:30:12,880
side is you don't want to mess with you. I mean,

633
00:30:13,680 --> 00:30:16,000
they're gonna get theirs, they're gonna get you eventually.

634
00:30:15,720 --> 00:30:17,799
Speaker 1: No, I agree with that. I've told my countant I

635
00:30:17,799 --> 00:30:22,240
want to be very conservative because they don't want to

636
00:30:22,279 --> 00:30:24,559
mess with them, because they will take the pound of flesh.

637
00:30:24,720 --> 00:30:26,960
Do you know the very famous Rushilah mos story where

638
00:30:27,000 --> 00:30:31,240
they tried to threaten him off the air and Obama

639
00:30:31,279 --> 00:30:34,559
was taking out these billboards around the country telling people

640
00:30:34,599 --> 00:30:37,759
to demand Rush be taking off the air and called

641
00:30:37,799 --> 00:30:40,400
the radio stations and they were putting up magazine ads

642
00:30:40,400 --> 00:30:42,480
and web ads. It was this huge thing.

643
00:30:43,799 --> 00:30:44,599
Speaker 4: Yeah, I don't remember that.

644
00:30:44,599 --> 00:30:46,599
Speaker 1: Oh yeah, it was when Rush called Sandra Fluck the

645
00:30:47,000 --> 00:30:51,759
S word describing female promiscuity, S word, and so he

646
00:30:51,880 --> 00:30:54,839
said this. They launched this attack and Rush goes to

647
00:30:54,880 --> 00:30:58,200
his radio show and I'll never forget this. I was

648
00:30:58,279 --> 00:31:00,559
listening as a listener. I'd never at that point Matt

649
00:31:00,640 --> 00:31:06,240
Rush and he gets on there he goes, listen, I'm

650
00:31:06,279 --> 00:31:10,200
not unaware of these billboards, and you people need to

651
00:31:10,200 --> 00:31:16,039
hear this. Prison Obama. I've read the book and I

652
00:31:16,119 --> 00:31:18,759
understand it. Pick a target, isolated, cut it off from

653
00:31:18,759 --> 00:31:22,079
its support base. And the problem is you people don't

654
00:31:22,119 --> 00:31:26,160
know what my support base is. You think it's my advertisers.

655
00:31:26,799 --> 00:31:29,920
It's not. It's my audience, and you can't separate us.

656
00:31:30,359 --> 00:31:33,000
And this is the part you'll love. I've spent my

657
00:31:33,160 --> 00:31:37,119
lifetime preparing for someone like you. I have a place

658
00:31:37,160 --> 00:31:41,680
I can go in an untracked flight, I'll never be found,

659
00:31:41,920 --> 00:31:46,279
and I have capitalized there I'll be plenty comfortable. So

660
00:31:46,400 --> 00:31:48,720
prior to having to do that, understand, I don't fear you.

661
00:31:49,839 --> 00:31:52,119
So why don't I fly up to Washington in DC

662
00:31:52,279 --> 00:31:55,680
and meet Wait, no, hold on, why don't you fly

663
00:31:55,799 --> 00:31:58,880
down here in air Force went or no, let's do this.

664
00:31:59,000 --> 00:32:01,680
I'll send EIB up to get you because it's a

665
00:32:01,759 --> 00:32:06,920
nicer airplane. And on the way down, I can talk

666
00:32:06,960 --> 00:32:08,519
with you about what it's like to be able to

667
00:32:08,519 --> 00:32:13,079
afford your own airplane, and we can go have dinner

668
00:32:13,079 --> 00:32:15,519
here at the estate, and I can show what it's

669
00:32:15,519 --> 00:32:19,039
like to have chefs who actually work for you, and

670
00:32:19,480 --> 00:32:23,000
I can explain to you why I don't fear you. Yeah, Zach,

671
00:32:23,160 --> 00:32:27,720
that week the ads were pulled, the billboards were gone.

672
00:32:28,240 --> 00:32:30,839
Speaker 3: Yeah yeah, because it's yeah, it's a way, it's a

673
00:32:30,880 --> 00:32:32,160
waste of time and it's bad press.

674
00:32:32,400 --> 00:32:35,680
Speaker 1: Right, And I asked someone really close to Rush, was

675
00:32:35,720 --> 00:32:38,599
that true? I mean, I know he had all the

676
00:32:38,599 --> 00:32:40,759
private jets. I know he had at least two. Did

677
00:32:40,799 --> 00:32:42,240
he have a flight plan in a way to get

678
00:32:42,240 --> 00:32:44,759
out of the country. And this guy who knew Rush

679
00:32:44,759 --> 00:32:46,200
as well as nymy in the world said, in a

680
00:32:46,200 --> 00:32:47,359
moment's notice.

681
00:32:47,799 --> 00:32:50,319
Speaker 4: Huh who you'd have to? You'd have to.

682
00:32:50,599 --> 00:32:53,079
Speaker 3: And like I said, I'm not alleging, I'm not alleging

683
00:32:53,319 --> 00:32:56,680
political motivation. But if you have ever had a government

684
00:32:56,680 --> 00:32:58,920
agency lean on you with their full weight, yeah, it

685
00:32:59,000 --> 00:33:01,680
changes the way you look at the especially when you

686
00:33:01,799 --> 00:33:05,599
haven't done anything wrong. That's the creepy part, because you

687
00:33:05,640 --> 00:33:07,160
know so many of us go through our lives and

688
00:33:07,200 --> 00:33:09,599
I've told every one of our employees this, Hey, guys,

689
00:33:10,160 --> 00:33:13,400
do the right thing by the clients, buy the letter

690
00:33:13,440 --> 00:33:15,839
of the law and by morality, and we never have

691
00:33:15,880 --> 00:33:16,640
anything to worry about.

692
00:33:16,680 --> 00:33:17,559
Speaker 4: And it's worked great for me.

693
00:33:17,640 --> 00:33:20,039
Speaker 3: I've been doing this job for eighteen years, had a

694
00:33:20,039 --> 00:33:23,319
securities license, by the grace of God and wonderful clients.

695
00:33:23,359 --> 00:33:25,799
I've never even had a client complaint. Did that stop

696
00:33:25,839 --> 00:33:26,759
them from coming after me?

697
00:33:27,279 --> 00:33:32,240
Speaker 4: Nope? Did Were it client? Was it client complaints or

698
00:33:32,599 --> 00:33:35,920
missing money that made them come out for me? Nope? Nothing.

699
00:33:36,359 --> 00:33:38,160
Speaker 3: They didn't have and you don't need it, And so

700
00:33:38,799 --> 00:33:42,440
the more visible you get, I understand that I haven't

701
00:33:42,480 --> 00:33:46,920
done anything near that drastic, but I understand where he's

702
00:33:46,960 --> 00:33:50,240
coming from. And like I said, it's a feeling you

703
00:33:50,319 --> 00:33:52,240
can't really describe until you're in it.

704
00:33:52,400 --> 00:33:54,960
Speaker 4: Yeah, I think you can imagine it, but.

705
00:33:54,920 --> 00:33:58,200
Speaker 3: It's just much more it's much more scary because there's

706
00:33:58,279 --> 00:34:01,759
no there's no laws, there's no limits. Right, you're playing

707
00:34:01,799 --> 00:34:04,279
in a gray area where they they can keep they

708
00:34:04,319 --> 00:34:07,400
can keep doing it, and technically speaking, that agency could

709
00:34:07,440 --> 00:34:10,039
keep coming after me and burning me for legal fees

710
00:34:10,039 --> 00:34:11,639
even though there's nothing there.

711
00:34:11,920 --> 00:34:14,400
Speaker 1: And they that's the thing is they don't have a

712
00:34:14,519 --> 00:34:17,239
they don't have a cap on their budget for legal fees,

713
00:34:18,039 --> 00:34:21,119
and the process is the punishment. There was a guy

714
00:34:22,360 --> 00:34:25,039
who was a drug dealer and everybody knew he was

715
00:34:25,039 --> 00:34:27,239
a drug dealer, and he used to cross the Canadian

716
00:34:27,239 --> 00:34:31,519
border as a drug dealer. And my friend's best friend

717
00:34:31,559 --> 00:34:34,480
of the world, his uncle worked on the border, and

718
00:34:34,800 --> 00:34:38,519
they finally caught this guy and they figured out that

719
00:34:38,559 --> 00:34:43,840
he was hiding drugs in the open cylinders of v eights,

720
00:34:44,760 --> 00:34:49,440
So wow, yeah uh, And they learned this and he

721
00:34:49,599 --> 00:34:54,079
was traveling with a buddy and When the buddy got there,

722
00:34:54,239 --> 00:34:58,679
he's like, okay, I confess. All I have is the money.

723
00:35:00,039 --> 00:35:03,679
All they have is money. And they said, oh, thanks

724
00:35:03,679 --> 00:35:06,840
for telling us that. We're turning your car apart. And

725
00:35:07,039 --> 00:35:10,199
they took his car apart all the way down to

726
00:35:10,559 --> 00:35:12,119
the cylinders to pull them out to make sure there's

727
00:35:12,159 --> 00:35:15,199
no drugs in there. And they get done. They go,

728
00:35:15,320 --> 00:35:19,920
all right, no drugs, it's just the cash. And here's

729
00:35:19,920 --> 00:35:22,880
the you're you're going to be have to come to court.

730
00:35:22,920 --> 00:35:25,840
You got to be witness. We're going to detain you.

731
00:35:26,079 --> 00:35:29,840
The mail driver. Your wife doesn't have to go. And

732
00:35:29,880 --> 00:35:31,159
the guy said, he goes, are you gonna put my

733
00:35:31,239 --> 00:35:31,840
car back together?

734
00:35:32,760 --> 00:35:32,800
Speaker 3: No?

735
00:35:32,880 --> 00:35:37,239
Speaker 4: No, no, you know the irony they don't have to do. Yeah.

736
00:35:37,280 --> 00:35:39,079
Speaker 3: So they're they're look, you know, they're they're looking out

737
00:35:39,079 --> 00:35:40,039
for the clients, all that kind.

738
00:35:39,920 --> 00:35:41,719
Speaker 1: Of stuff, right, Yeah.

739
00:35:41,280 --> 00:35:45,320
Speaker 3: Uh. Them coming after me resulted in a company that

740
00:35:45,360 --> 00:35:48,559
my clients are invested in having to pay over one hundred.

741
00:35:48,280 --> 00:35:51,119
Speaker 4: Thousand dollars in legal fees to respond.

742
00:35:51,400 --> 00:35:54,199
Speaker 3: So the irony in all of this, yeah, is clients

743
00:35:54,199 --> 00:35:58,719
were damaged. They were damaged by the government, right right,

744
00:35:58,760 --> 00:36:01,280
because the government's well got to pay that you're like, okay,

745
00:36:01,400 --> 00:36:03,360
they invested in that company. If they've got to cover

746
00:36:03,360 --> 00:36:05,639
one hundred thousand dollars legal fee, whose money is that?

747
00:36:06,119 --> 00:36:09,840
And they don't care, no that they so so in

748
00:36:10,000 --> 00:36:13,039
all of this, clients got money taken from them, but

749
00:36:13,239 --> 00:36:13,960
it wasn't us.

750
00:36:14,159 --> 00:36:15,400
Speaker 4: Who wasn't It was them?

751
00:36:15,599 --> 00:36:20,320
Speaker 3: Yeah, And it's just like I said, uh, and then

752
00:36:20,360 --> 00:36:22,920
they tell you, and then they tell you you better

753
00:36:22,960 --> 00:36:23,760
not talk about this.

754
00:36:23,760 --> 00:36:31,159
Speaker 4: On the radio, literally this radio on everything. Oh yeah,

755
00:36:31,400 --> 00:36:32,480
oh yeah.

756
00:36:32,719 --> 00:36:34,800
Speaker 3: And I went and they said you better not tell

757
00:36:34,840 --> 00:36:39,280
your clients, and I went, think about that, Think about that.

758
00:36:39,440 --> 00:36:41,360
Speaker 4: They're telling me not to disclose.

759
00:36:43,079 --> 00:36:43,360
Speaker 1: Wow.

760
00:36:43,440 --> 00:36:47,280
Speaker 4: Crazy, but like great, I'm supposed to disclose.

761
00:36:46,920 --> 00:36:48,880
Speaker 1: Everything, right, any conflict.

762
00:36:49,679 --> 00:36:49,920
Speaker 4: Yes.

763
00:36:50,559 --> 00:36:52,400
Speaker 3: So I called my attorney and I go, I want

764
00:36:52,440 --> 00:36:55,079
to I'm getting all my no, I told my office manager,

765
00:36:55,119 --> 00:36:57,199
I'm getting all of our clients on. I'm telling them

766
00:36:57,280 --> 00:37:02,000
right now, so they hear it from us first, right No, Nope, lawyer, Nope,

767
00:37:02,079 --> 00:37:02,880
can't do that.

768
00:37:03,000 --> 00:37:06,320
Speaker 4: They'll come after you. Wow, it's crazy.

769
00:37:06,440 --> 00:37:08,320
Speaker 1: So you can talk about it in this sense, but

770
00:37:08,400 --> 00:37:09,559
not in a specific sense.

771
00:37:10,480 --> 00:37:12,159
Speaker 3: I'm talking about it in a way that I was

772
00:37:12,159 --> 00:37:14,800
told not to. And I don't care because it's right

773
00:37:15,280 --> 00:37:18,559
and again I don't. I don't worship with that althar.

774
00:37:19,000 --> 00:37:21,840
And if that means more expense and more stuff thrown

775
00:37:21,880 --> 00:37:23,679
at me for speaking the truth, and so be it.

776
00:37:24,000 --> 00:37:25,599
Speaker 4: And they can come after me.

777
00:37:25,679 --> 00:37:27,960
Speaker 3: But what's right is right, and people need to know

778
00:37:28,000 --> 00:37:31,360
what these people do and the way that they don't

779
00:37:31,440 --> 00:37:35,239
need any proof, they don't need anything, and they don't

780
00:37:35,239 --> 00:37:41,239
need a reason. Yeah, and not finding anything, even exonerating

781
00:37:41,280 --> 00:37:44,360
you doesn't end it necessarily.

782
00:37:43,920 --> 00:37:45,239
Speaker 1: Know when you don't get any of your money back

783
00:37:45,320 --> 00:37:48,360
or your time back, or you're worry No. So to

784
00:37:48,400 --> 00:37:50,840
wrap this up in a way because it's a new

785
00:37:50,880 --> 00:37:52,960
regime in a way, it's a new leadership. And there's

786
00:37:53,000 --> 00:37:56,599
good things President Trump is doing. There really are. The

787
00:37:56,599 --> 00:37:59,880
border enforcement's been incredible. Someone asked me an interesting story

788
00:38:00,119 --> 00:38:02,440
to ask you about this in a second, with President

789
00:38:02,440 --> 00:38:04,840
Trump and the enforcement of the border. I had to

790
00:38:04,840 --> 00:38:06,800
think about this and pray about this. And then I

791
00:38:06,840 --> 00:38:09,000
also want to get you the Scott Assent quote real quick,

792
00:38:09,000 --> 00:38:12,199
because this is just Zach Abraham right right down the middle.

793
00:38:12,440 --> 00:38:14,719
One of the quick thing on Christmas, guys, make this

794
00:38:14,800 --> 00:38:18,360
the Alan Soaps Christmas. This is an old likelihood John's

795
00:38:18,440 --> 00:38:21,360
last Christmas on Earth, he's going to the Lord. That's

796
00:38:21,400 --> 00:38:24,119
not a reason to buy the soap. It's this is

797
00:38:24,159 --> 00:38:26,239
not a charity, it's a business. It's the world's best soap.

798
00:38:26,239 --> 00:38:29,280
It's made in America. It's all natural, absolutely no chemicals

799
00:38:29,320 --> 00:38:32,719
in this soap whatsoever. It is a company that employs

800
00:38:32,760 --> 00:38:35,159
people the rest of the world would kick out, would

801
00:38:35,199 --> 00:38:39,079
never employ. But it is a Christmas gift beyond Christmas gifts,

802
00:38:39,440 --> 00:38:41,639
because you get an opportunity to talk about all lives matter.

803
00:38:41,719 --> 00:38:43,800
You get an opportunity to talk about Alan, how he

804
00:38:43,840 --> 00:38:46,639
works there despite the fact that he can't really speak.

805
00:38:47,360 --> 00:38:49,960
You get the chance to talk about John's confidence in

806
00:38:50,039 --> 00:38:51,960
going to the Lord, even as he is now probably

807
00:38:52,000 --> 00:38:54,480
gonna have his last Christmas as his family. You get

808
00:38:54,480 --> 00:38:57,039
to make the difference between great, big companies who simply

809
00:38:57,039 --> 00:39:00,119
don't care about our values and a soap company that

810
00:39:00,199 --> 00:39:02,760
has hired a family that's done this for three generations

811
00:39:02,760 --> 00:39:06,280
to make this soap. It's the simplest possible thing that

812
00:39:06,320 --> 00:39:09,760
it's the brilliant stocking stuffer, a subscription for your kids

813
00:39:09,760 --> 00:39:13,559
to live away from house, easy, easy, no brainer, Christmas gifts,

814
00:39:13,800 --> 00:39:16,039
and the liquid sof your businesses. It's Alan soaps dot

815
00:39:16,079 --> 00:39:20,239
com slash Todd. Let me get to this Scott sense this. Oh,

816
00:39:20,280 --> 00:39:23,239
by the way, hold on a second. Okay, so I

817
00:39:23,360 --> 00:39:25,440
knew this. Oh now I know why you got the

818
00:39:25,440 --> 00:39:27,920
fancy new sweatshirts. Oh okay, now this makes sense. This

819
00:39:28,000 --> 00:39:28,800
is Scott bi sense.

820
00:39:29,039 --> 00:39:32,679
Speaker 6: My worry is that the FED is turning into universal

821
00:39:32,719 --> 00:39:35,079
basic income for PhD accounts.

822
00:39:36,199 --> 00:39:37,360
Speaker 4: Right that.

823
00:39:38,880 --> 00:39:41,079
Speaker 6: I don't know what they do. They're never right. If

824
00:39:41,320 --> 00:39:43,079
if you were to me, you.

825
00:39:43,000 --> 00:39:44,719
Speaker 1: Should double the number of PhDs, if you go to

826
00:39:44,760 --> 00:39:46,000
seven hundred, they might get it right.

827
00:39:46,199 --> 00:39:48,079
Speaker 6: Well, look, I mean if you were to look at

828
00:39:48,079 --> 00:39:53,800
the central value tendency versus how they've done, it's shocking.

829
00:39:54,400 --> 00:39:54,960
Speaker 4: It's shocking.

830
00:39:55,320 --> 00:39:58,039
Speaker 6: I said, like if air traffic controllers did this, no

831
00:39:58,079 --> 00:39:59,679
one get in an airpline.

832
00:40:00,000 --> 00:40:03,519
Speaker 1: It's really really a good line. Is any of it hyperbolic?

833
00:40:04,320 --> 00:40:05,280
Speaker 4: No, not at all.

834
00:40:05,679 --> 00:40:09,960
Speaker 3: Their forecasting record is local weathermen do a better job

835
00:40:10,039 --> 00:40:13,840
forecasting the weather. It's awful, right to the point, and

836
00:40:13,920 --> 00:40:16,880
everybody remembers this. But this is a classic example. And

837
00:40:16,920 --> 00:40:18,519
I I mean, we could sit here all day long

838
00:40:18,559 --> 00:40:20,960
and throw example after example, but I'll go back two

839
00:40:21,000 --> 00:40:23,519
thousand and six. Ben Bernanke testifying it in front of

840
00:40:23,559 --> 00:40:26,800
the Senate you do or no Senate Financial or whatever

841
00:40:26,880 --> 00:40:27,639
one of the committees.

842
00:40:28,239 --> 00:40:30,280
Speaker 4: The issues in subprime have been contained.

843
00:40:31,360 --> 00:40:35,039
Speaker 3: And fifteen months later Lehman Brothers blew up, you go

844
00:40:35,119 --> 00:40:36,880
to what about At the end of twenty twenty one,

845
00:40:36,920 --> 00:40:40,280
inflation is transitory. Guys like me were waving, you know, hands,

846
00:40:40,320 --> 00:40:42,079
going what are you talk what are you talking about?

847
00:40:42,239 --> 00:40:44,519
Look at the money supply. Inflation's not gonna flatten out

848
00:40:44,559 --> 00:40:46,639
till the money supply quits going up like a hockey stick.

849
00:40:47,280 --> 00:40:49,920
And what ended up happening. And we were sitting there going,

850
00:40:49,920 --> 00:40:51,000
we think it's going to eight to nine?

851
00:40:51,039 --> 00:40:53,519
Speaker 4: Where to go? That's where it went right, just looking

852
00:40:53,559 --> 00:40:54,320
at it's.

853
00:40:54,559 --> 00:40:57,079
Speaker 3: The other thing people need to realize is the FED,

854
00:40:57,119 --> 00:40:59,960
by definition, is a political body, meaning they're not incentive

855
00:41:00,239 --> 00:41:01,079
to give it to you straight.

856
00:41:01,400 --> 00:41:02,719
Speaker 4: If the FED looks at you.

857
00:41:02,639 --> 00:41:04,239
Speaker 3: And tells you and I think you and I have

858
00:41:04,239 --> 00:41:06,639
talked about this before. But if the FED looks at

859
00:41:06,639 --> 00:41:09,519
you and this is the Fed's official policy, they would

860
00:41:09,519 --> 00:41:11,079
look you dead in the eyes and tell you the

861
00:41:11,079 --> 00:41:13,239
price of cars has not gone up in thirty years.

862
00:41:13,800 --> 00:41:14,880
Speaker 1: Wait, David, say that.

863
00:41:15,320 --> 00:41:18,599
Speaker 3: Yes, And they use hedonic adjustments to do it so.

864
00:41:19,360 --> 00:41:21,920
So A great example of this is a cell phone. Okay,

865
00:41:22,239 --> 00:41:25,840
so look at a phone in the nineteen in nineteen eighties,

866
00:41:25,840 --> 00:41:27,880
what were people paying maybe ten eleven, twelve bucks for

867
00:41:27,920 --> 00:41:28,880
their house their phone.

868
00:41:28,719 --> 00:41:29,400
Speaker 4: Bill, right right?

869
00:41:29,920 --> 00:41:32,480
Speaker 3: Okay, Well, if you look at what the average family

870
00:41:32,519 --> 00:41:34,239
is paying for a phone bill now I'm not sure

871
00:41:34,280 --> 00:41:35,559
what it is, three foreigner bucks.

872
00:41:35,559 --> 00:41:38,400
Speaker 4: My wife pays those, but three four inner bucks. Right.

873
00:41:38,559 --> 00:41:41,760
Speaker 3: People could say that's all inflation, it's not. Look at

874
00:41:41,800 --> 00:41:44,559
what my phone does now, right. My phone enables me

875
00:41:44,599 --> 00:41:48,440
to do video conferences, sign deals, watch my stock count.

876
00:41:48,480 --> 00:41:51,480
The amount it's giving me is incredible, So we should

877
00:41:51,559 --> 00:41:55,760
not look at that increase in phone expense as straight inflation.

878
00:41:56,199 --> 00:41:59,440
Speaker 4: Okay, but flip to cars, and the FED goes, well, yeah,

879
00:41:59,480 --> 00:42:01,519
but look at all stuff the car hasn't it now

880
00:42:01,559 --> 00:42:04,280
compared to what it didn't And I go, does that

881
00:42:04,559 --> 00:42:08,400
car do a better job at its primary function than

882
00:42:08,440 --> 00:42:10,519
it did thirty years ago, which is get me to

883
00:42:10,679 --> 00:42:11,519
my job and home?

884
00:42:11,840 --> 00:42:14,840
Speaker 3: No, it does not, right, as a matter of fact,

885
00:42:14,960 --> 00:42:18,199
because all that stuff's gotten in there. Consumers don't have

886
00:42:18,280 --> 00:42:21,159
the ability to opt out of those ridiculous prices, and

887
00:42:21,199 --> 00:42:25,239
they're forced to pay them and so there, it's not

888
00:42:25,480 --> 00:42:28,880
completely dishonest, but they take this one thing and then

889
00:42:28,960 --> 00:42:30,920
roll it to something else. And what I mean by

890
00:42:30,960 --> 00:42:35,559
that is, if you've got to pay eighty thousand dollars

891
00:42:35,599 --> 00:42:39,079
for a family car today that has you know, self

892
00:42:39,199 --> 00:42:43,239
driving video screens in the back for the kids, all

893
00:42:43,320 --> 00:42:47,880
the bells and whistles, all that kind of stuff, does

894
00:42:47,960 --> 00:42:54,360
it improve your economic standing or your economic wellbeing versus

895
00:42:54,400 --> 00:42:57,199
the car you could have bought twenty five to thirty

896
00:42:57,280 --> 00:43:00,119
years ago for twenty five to thirty grand. No, as

897
00:43:00,159 --> 00:43:02,840
a matter of fact, it makes it worse because the

898
00:43:02,880 --> 00:43:06,239
price of the car has gone up multiples more than

899
00:43:06,239 --> 00:43:07,320
the average income has.

900
00:43:07,920 --> 00:43:10,679
Speaker 4: So it's just nonsense. It's complete nonsense.

901
00:43:11,000 --> 00:43:15,000
Speaker 3: So the way they calculate CPI, and that's one of

902
00:43:15,039 --> 00:43:19,920
the reasons the CPI number is so low, they've effectively sucked.

903
00:43:19,800 --> 00:43:20,920
Speaker 4: Car inflation out of it.

904
00:43:21,320 --> 00:43:24,280
Speaker 3: Right, So when you're sitting there going you know, and

905
00:43:24,320 --> 00:43:26,159
I don't know if you saw the retail sales numbers,

906
00:43:26,159 --> 00:43:28,880
but a perfect example of this, they tell us, right now,

907
00:43:28,920 --> 00:43:32,800
we've got three percent CPI the market and CNBC and

908
00:43:32,840 --> 00:43:36,960
everybody's celebrating because retail sales over Black Friday, we're up

909
00:43:37,000 --> 00:43:38,800
seven percent year over Herekay.

910
00:43:38,360 --> 00:43:40,599
Speaker 4: You know what they didn't tell you. Volumes were down

911
00:43:40,639 --> 00:43:42,679
one percent, So what is that?

912
00:43:42,679 --> 00:43:46,639
Speaker 3: That's seven percent inflation, not three, right, And we can't

913
00:43:46,639 --> 00:43:49,079
hedonically adjust our way all the way down to three

914
00:43:49,400 --> 00:43:50,920
because it looks good and it feels good.

915
00:43:51,239 --> 00:43:53,239
Speaker 4: No, the Federal Reserve is a joke.

916
00:43:53,280 --> 00:43:55,079
Speaker 3: And if you want to go look at even more

917
00:43:55,159 --> 00:43:57,519
proof of that, go look at the stability of the

918
00:43:57,559 --> 00:44:00,320
dollar from the end of the Civil War. Right, let's

919
00:44:00,360 --> 00:44:02,719
start the clock in eighteen seventy, roll it through to

920
00:44:02,760 --> 00:44:04,079
the founding of the FED in its.

921
00:44:03,920 --> 00:44:06,800
Speaker 4: Modern form in nineteen fourteen. Go look at the stability

922
00:44:06,840 --> 00:44:09,840
of the dollar. You literally had no depreciation in the

923
00:44:09,880 --> 00:44:13,199
dollar for a fifty year run with no Fed in place. Minute,

924
00:44:13,239 --> 00:44:15,519
the FED takes over boom, hockey stick downward.

925
00:44:15,840 --> 00:44:16,320
Speaker 1: Crazy.

926
00:44:17,320 --> 00:44:20,199
Speaker 4: So so, but here's the thing. It has to work

927
00:44:20,239 --> 00:44:20,599
that way.

928
00:44:20,599 --> 00:44:22,840
Speaker 3: And you and I have talked about that because what

929
00:44:22,880 --> 00:44:27,159
does what does monetary policy become? Monetary policy has become

930
00:44:27,480 --> 00:44:31,960
a way of anesthetizing the pain of earned outcomes.

931
00:44:32,400 --> 00:44:34,239
Speaker 1: Right, It's what we talked about it at the very

932
00:44:34,239 --> 00:44:36,960
beginning of the program. We're never going to let you

933
00:44:37,039 --> 00:44:39,880
feel the pain, right, yep, Right, So you might have

934
00:44:39,920 --> 00:44:42,920
gang green. We're going to keep you comfortably numb, right,

935
00:44:43,000 --> 00:44:45,679
comfortably numb, in the words of Pink Floyd's. And you

936
00:44:45,760 --> 00:44:47,800
might smell some gangreen, but we can put some stuff

937
00:44:47,840 --> 00:44:49,639
on your beak too. We'll just put some fresh minty

938
00:44:49,679 --> 00:44:51,280
oil on your beak. It won't smell the gang green.

939
00:44:51,400 --> 00:44:57,280
Speaker 4: And you well, so, no, I was gonna throw I

940
00:44:57,320 --> 00:44:58,400
was gonna throw that in there.

941
00:44:58,400 --> 00:45:00,480
Speaker 3: I cannot tell you how many times client will walk

942
00:45:00,519 --> 00:45:02,800
into our bathroom and walk out and they're like, man,

943
00:45:02,880 --> 00:45:04,559
that smoke soap smells good.

944
00:45:05,400 --> 00:45:07,320
Speaker 4: They say it all they say it all the time.

945
00:45:07,599 --> 00:45:09,440
So yeah, people go buy it. Man, it's really good.

946
00:45:09,679 --> 00:45:11,199
Speaker 1: One of the funny things you told me once is

947
00:45:11,239 --> 00:45:14,639
you had a client came in. There were prospects now

948
00:45:14,679 --> 00:45:17,079
yet a client came in to see you, and they

949
00:45:17,119 --> 00:45:19,920
loved your approach, that you children what you're gonna do

950
00:45:20,000 --> 00:45:22,360
for them, and they said, okay, we're ready to sign,

951
00:45:22,360 --> 00:45:24,239
but one thing, I need to see your bathroom, and

952
00:45:24,239 --> 00:45:24,639
you're like.

953
00:45:24,639 --> 00:45:26,519
Speaker 4: What and coffee?

954
00:45:26,920 --> 00:45:31,440
Speaker 1: They went coffee, bathroom and coffee, and you're like okay,

955
00:45:31,840 --> 00:45:35,360
and they went and they it confirms Allan's and bone froggy.

956
00:45:35,400 --> 00:45:37,960
It came back okay, And they said, didn't They say,

957
00:45:38,039 --> 00:45:39,519
if it wasn't there, we were gone.

958
00:45:40,320 --> 00:45:42,960
Speaker 3: Yeah, yeah, because and and the guy basically said later

959
00:45:43,039 --> 00:45:45,000
he's like, hey, if people lie about small things, all

960
00:45:45,000 --> 00:45:45,679
lie about big things.

961
00:45:45,719 --> 00:45:48,119
Speaker 4: And I agree, that's cool. I agree.

962
00:45:48,159 --> 00:45:50,519
Speaker 1: Okay, there's not enough real time to get into a

963
00:45:50,559 --> 00:45:53,000
substantive discussion. I want to plant a thought in your

964
00:45:53,000 --> 00:45:56,039
mind for next week. This is a big thing to

965
00:45:56,079 --> 00:46:01,159
think about. Someone said to me, they believe President Trump

966
00:46:01,199 --> 00:46:04,719
is a racist. Okay, And they said, in your heart

967
00:46:04,719 --> 00:46:08,760
of hearts, if you knew it was racism that was

968
00:46:08,840 --> 00:46:14,840
motivating his closing of the border and deporting people, would

969
00:46:14,880 --> 00:46:20,679
you still support the policy? And okay, And that was

970
00:46:20,719 --> 00:46:24,880
my instinct too, So okay. So we'll have a further

971
00:46:24,920 --> 00:46:26,760
discussion about this next week because I think there's a

972
00:46:26,800 --> 00:46:29,599
lot there. I appreciate the wise counsel, my brother, thank you,

973
00:46:29,639 --> 00:46:33,039
thank you for opening up, and the views expressed by

974
00:46:33,119 --> 00:46:38,719
Zach Abrahammer. Now this is the Todd Herbert Show. Please go,

975
00:46:38,840 --> 00:46:41,199
be well, be strong, be kind, and please make every

976
00:46:41,239 --> 00:46:43,119
effort to walk in the light of Christ.