Speaker 1: Man, I've been waiting for a long time for someone
in Congress to say it this way. Maybe it's because
I see it this way and I want them to
be like me. This is Thomas Representative, Thomas Massey, and
he's talking here about well, he doesn't want to be
an actor in their kabuki theater, and I would call him,
mister Massey.
Speaker 2: Can we be honest with the American people about what's
going on here?
Speaker 3: This is political theater.
Speaker 2: I'm going to call out both sides right here. It's
all posturing as fake fighting. We all know where it
ends up. This is Groundhog Day. I don't care if
the Democrat is the speaker or Republican is the speaker.
We always get a cr in September.
Speaker 3: And then we get an omnibus.
Speaker 2: Sometimes there's a twist on that we might get the
omnibus before Christmas, but if we're not good, it comes
after Christmas.
Speaker 1: You get to see the full video. Zach Abraham and
I are got to talk about this. It's one of
the greatest speeches I think in the history of Congress,
and in terms of a lesson as to how our
government to run economically, I don't think you could get
better than it's And for Thomas Massy to say he
refuses to be an actor in their Kabooki theater. I
love that. We'll talk to Zach. Guy'm about that and
the debate economics and what about capitalism unconstrained corony, capitalism
unconstrained by any form of morality.
Speaker 4: The Todd Herman Show is one hundred percent disapproved by
big pharma, technocrats and tyrants everywhere. Now from the high
mountains of Free America, here's the Emerald City exile Todd Herman.
Speaker 1: Today is a day the Lord has made, and these
are the times to which God is the satur we
shall live. My friend, the brother Zach Cabraham, joins us. Zach,
welcome back to the Todd Hermit Show. Good to have
you here.
Speaker 5: Always fun to be here man.
Speaker 1: Yeah, he's sitting there watching the debate being all entertained.
Before we get to the Massy clip. Did you sit
there with the fam and watch it?
Speaker 5: Parts of it?
Speaker 1: I really I when you said parts of it, I
get it.
Speaker 5: Yeah.
Speaker 1: I had to watch it.
Speaker 5: Yeah, no, and I and I watched parts of it.
Speaker 6: My my, uh my, my wife and kids watched pretty
much all of it. I got home a little a
little bit later. But yeah, you know, I find I
used to be an absolute political junkie, and with the
way things have progressed over the last let's say, five
to seven years I've had, I've become very protective of
my mindset.
Speaker 5: You know.
Speaker 6: I've got a lot of things to handle and a
lot of a lot of people that are counting on
me to keep my head on straight. And it is
so maddening to me. It is so ridiculous to me.
The trajectory is so appalling and scary to me. The
amount of lies are so it's it's so pervasive that
it's it's it's a distraction, and it compromises, it compromises
my my my, you know, my not mental well being,
like not like you know, I'm worried about my health
or something, but just you know, when you're managing money,
you got to see things clearly and you can't get
emotional and you can't get ticked, and it's just yeah,
it's just a mess.
Speaker 5: And and.
Speaker 6: I'll be honest with you, I don't think the debate
went much different than than I thought it would. I
don't think Trump is a very good debater, and I
don't really understand why he's seen as one. I will
continue to refer to Trump, I think is a really
good doctor with horrific bedside manner. And you knew going
into that that, you.
Speaker 5: Know, a ABC's hole.
Speaker 6: I'll tell you what last night did show me, though, Todd,
is it showed me what a respectable job I thought
Cen ended with the last debate.
Speaker 1: Compared to this.
Speaker 6: Yeah, this was a joke. My wife looked at me
several times. It was like, wait a second, is that
a commentator or a journalist? And I was like, well,
supposedly a journalist, and she's like, this is so un apologetically.
She's like, I feel like I'm listening to people from
the Harris campaign, you know. And so you go into
that going, I know what this is going to be.
It's going to be gotcha. They're not going to ask
her any tough questions. They're going to shield her. They're
going to step in and inter you know, intervene when
you know Trump's got her on there.
Speaker 5: It's just it's exactly exactly what you knew it was.
You know, knew it was going to be.
Speaker 6: And but I but but you know, it does frustrate
me with Trump, though, I just I wish he was
more disciplined and more formula.
Speaker 1: That's the word right there is he starts to make
a great point and then he doesn't close it down
with some specifics.
Speaker 2: You know.
Speaker 1: For instance, he was talking about, look, you know, she
has no plan, no plan. She copied Joe Biden's plan.
She's taking my plans. Now that's my ideas. I'm going
to send her a mega hat. And she actually laughed,
genuinely laughed, as in that was a charming remark that
the president made. And then President Trump didn't say, for instance,
I had no tax on tips on this date. She
suddenly came with no tax on tips, says her irs
who created the tax on tips. I said this on
this date, she said. And just give him two or
three points where the president can say, crisply, cleanly, this
happened on these dates. If you could get into a
rule of three and five with her in these debates stating, say,
for instance, when they were challenging him on election integrity
and David Meher wanted him to admit finally that he
quote lost, President Trump could have said, here's three reasons
why I don't think so, and they're simple and easy.
We don't check voter ID, we don't check signatures, and
we counted ballots that arrived after the day of election.
There's three really easy ones. David Billar Yeah right, yeah.
Speaker 6: Yeah, I mean there's so I mean, there's so many
different ones.
Speaker 5: I mean, for instance, it look.
Speaker 6: The other thing to look at is some basic statistical
analysis which you could throw out there, which I mean,
let's face it, I love math in a setting like
that because you're not you're not going toe to toe
with the sharpest swords, you know what I mean, right,
and you get math immediately you're going to be over
their head. But you just sit there, you know, just
just run a standard deviation calculation on what when this
district wins, what typically happens, and and what I would say,
the way I would approach it if I was him,
is just say, look the fact that no one's going
to the fact that you are sitting back there going
what is there to look at?
Speaker 5: What is there to look at?
Speaker 6: The same people that argued for four years that George W.
Bush was illegally elected, right, and and you never you
never asked, you never asked al gored toct recant his
statement that the election was tole r A and then
b just look at some standard deviation analysis of the
election results and go look at the end of the day.
You can say whatever you want, but to sit there
and say that there's no smoke here.
Speaker 5: Right, And that's one of the issues that I have
a problem with.
Speaker 6: I'm not an election uh uh expert or by any
threats of the imagination, but when you look at the
election results from a statistical analysis standpoint, there were massive abnormalities.
Now abnormalities a crime does not make right. But to
sit there and say that somebody's allone because they're calling
into question the veracity of that election, it's absurd. On
a mathematical basis, the anomalies were tons. Now, was it
an anomaloust election? You can make that argument right during
COVID it.
Speaker 1: Was made anomalous with the forced mail in voting. They
made it enymous, right, totally anomalous.
Speaker 6: And then the outcomes were massively anomalous to the point
where where where where you saw things happening that have
never happened before in an election. And then to sit
there and pretend like you're some kook, because as you're
calling into the barrasski of the election. I mean, the
if I think any responsible citizens should be concerned about
that last the last election, if they have even the
most rudimentary understanding of mathematics. Now, that doesn't mean that
every concerned citizen needs to think it was stolen. But
where I think all reasonable people can kind of coalesce
around is there were a lot of abnormalities, and I
think that this probably deserves looking into in a more serious.
Speaker 5: Unbiased way, exactly.
Speaker 6: And that's and that's the issue I have whereas I'm
sitting there going, look, guys, I don't care what side
the political aisle you're on if you look at that
map and you can't see the abnormalities or the potential,
you know, the weirdness, and if you're not for really
looking into it, if you don't understand how tepid and
how loose and how fragile this voting system is, which
which really doesn't make any sense this day and age.
Speaker 5: Right, And the same people.
Speaker 6: That are claiming the veracity of the election is unquestioned
is a completely legal right, they're also the ones that
don't want to make voters have picture id exactly.
Speaker 5: You know, Rs fire.
Speaker 1: Man and on the topic of debating, when you're going
to be facing three on one, then be able to
have very clear statements like you just made. For instance,
President Trump can say, I'm the first president to win
eighty one million votes and lose or a seventy five
million in lowse I'm the first president to win all
the Bellwether counties save to and lose, or you know,
and he could go through all of these to win Ohio.
I remember that. I don't forget the exact states, but
it's never happened before. Those combinations of events have never
happened before. And those are things that can be on
tip of his tongue mine or more about the integrity things.
I want to get to this Massy video because both
you and I agree this was a fantastic moment to
Thomas Massey. He cleared the air in Congress by coming
out and saying, look, this is all pretend and it's
all theater. You can clear the air in your home.
I'm going to be staying there in a BRBO when
I go to seal fit. I'm hoping this guy's got
the oxy leaf too, thunderstorm devices.
Speaker 5: He should.
Speaker 1: It's a really nice BRBO and he's a really solid host.
If you have that, or you have an Airbnb, any
form of rental, or your kids are going to be
out in college dorms. Those places can stink to high,
well low hell. Really, wherever you're at long haul truck er,
a home, or you smoke, you've got cats, you could
have an air filter running. They're super loud. They're expensive
because you have to replace the filters two to four
hundred bucks every single year. The oxy Leaf Too Thunderstorm
device is in air purifier and it works almost magically.
It produces O three that's ozone. Puts that into the air.
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you know what in a house. Go to eten deals
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eatinpredeals dot com, enter code Todd three. Here's the video
from Representative Thomas Massey, and then Zach and I will
respond to the video.
Speaker 2: Can we be honest with the American people about what's
going on here?
Speaker 3: This is political theater.
Speaker 2: I'm going to call out both sides right here. It's
all posturing, it's fake fighting. We all know where it
ends up. This is groundhog Day. I don't care if
the Democrat is.
Speaker 3: The speaker or Republican is the speaker.
Speaker 2: We always get a cr in September, and then we
get an omnibus. Sometimes there's a twist on that we
might get the omnibus before Christmas, but if we're not good,
it comes after Christmas. But that's what's going to happen.
And in the meantime, it's political theater.
Speaker 3: You know, we've got some.
Speaker 2: It's good theater. We've got great writers. I wish they'd
just come up with a new plot. It's the same
plot every fiscal year.
Speaker 3: What should we be doing? It's already been discussed.
Speaker 2: We should have done twelve separate bills.
Speaker 3: We should have done twelve separate bills.
Speaker 2: But again, whether Democrats are in control or Republicans are
in control, we never do the twelve separate bills. Why
do we always spend at least as much as we
did last year?
Speaker 3: And why do we never cut spending.
Speaker 2: It's because Democrats want to grow the welfare state and
Republicans want to grow the military industrial complex. And we're
eventually going to get together and they're both going to
go up.
Speaker 3: I guarant damntee it.
Speaker 2: And both parties are just fine letting the bureaucrats do
their thing, which should be our thing. According to Article one,
Section eight in the Constitution.
Speaker 3: We are empowered with these things.
Speaker 2: Most important of the things we do is the funding,
and that's the big lever we have. You sat through
now almost two years of hearings in this Congress where
we've exposed lies at the SEA, shortcuts at the FDA,
unconstitutional gun bands at the ATF, over prosecution of January
sixth ers at the DOJ, targeting common citizens at the FBI,
spying by the NSA, illegal mandates for livestock by the USDA,
targeting plant vaccine or transgending plant vaccine at the NSF,
and censorship the industrial complex at the end of which
the NSF is part of automobile kill switch at the DOT. Now,
these are all things I think most Democrats are just
fine with this kind of totalitarian state that the bureaucrats
are pushing on us. But Republicans at least pretend to
be against these things. But what are we going to
do this September. We're going to fund every freaking one
of those things that we have exposed. That is the
tool that we have, is the funding. Why are we
funding things we don't like? We don't have to. It's
because we're addicted to spending and this doesn't do anything about.
Speaker 3: The addiction at all.
Speaker 5: So why let me.
Speaker 2: Touch on one point two here that I think is important.
As you know, a couple of years ago, or a
summer and a half ago, I suppose, now we did
something where we allowed the debt limit to be increased,
but as as a condition of that, we said, if
you do a CR that lasts past April thirtieth, everything's
going to get cut one percent. And that to me
seemed like at least a little tinge of fiscal responsibility
was creeping in. But now I noticed that this CR,
instead of going one year and giving its time to
do the twelve appropriations bills, is going to go six months.
Speaker 3: Now, let me tell you what's going to happen. Because
this goes six months.
Speaker 2: Number one, it ends in March twenty eighth on March
twenty eighth. Well, the automatic cuts happened on April thirtieth
if the CR went past that. So that is a
exactly why the Speaker chose a six months R is
so we don't have even the chance a threat to this,
to this town. It's a threat of a one percent cut.
Speaker 5: We don't want to even this is like t ball.
Speaker 2: The one percent cut is on the tee and Republicans
won't even swing at it. So instead we're going to
do a six month R instead of a one year CR.
That sets up this another crisis next spring where we
can do another pretend fight sometime around March, and that
fight will it'll be the same fight regardless of who
wins the presidency and who's in charge of the Senate
in the House, and we're basically going to get pretty
much the same result.
Speaker 3: But that's six.
Speaker 2: Months from now. In the meantime, we can kick the
can down the road.
Speaker 3: All of these things that we've exposed.
Speaker 2: And all of these hearings are going to continue to
get funded. But wait, there's a bright shiny object on
this CR. I've never seen one of these. I have
never seen a bright shiny object attached to one of
these must pass bills.
Speaker 3: Oh wait no, and actually happens.
Speaker 2: There always is a bright shiny object, a babble if
you will, little something to get excited about this Save Act.
Speaker 3: It's gonna save us, all right. And by the way,
this is good political theater. I do like this part of.
Speaker 2: It that we're gonna see almost every Democrat cast a
vote so that illegals can vote in our elections. I mean,
that's pretty clever on the part of our speaker to
set that up, make you all take that vote.
Speaker 5: But here's what he's gonna do.
Speaker 2: After you take that vote, he's gonna take it off.
Speaker 1: The bright shiny object goes away.
Speaker 2: It's Lucy in the football again.
Speaker 3: And the American.
Speaker 7: Public is all revved up. Yeah, we're gonna get to
Save Act. We're gonna saved these elections. We just stopped
the illegals from voting. Really, how are you gonna do
that in like six weeks. I think they're all ready registered.
If they're gonna vote, some of.
Speaker 5: Them probably already voted.
Speaker 2: This Save Act ain't gonna say anything, and particularly because
it ain't ever gonna become laws, it's a false promise.
To get all the Republicans half pregnant, and then you're
gonna get fully pregnant by the end of September when
you vote for this cr that is not going to
have this. I mean, I hate to break this to you.
I mean, the Democrats already know this. I'm not telling
you anything special. I hate to break it to the Republicans.
You ain't getting the Save Act. It is not going
to stay on this bill. Why because we're gonna cave.
Speaker 5: We're gonna cave.
Speaker 3: Is it a fight worth having? Absolutely, it's a fight
worth having.
Speaker 2: Make those Democrats say they want illegals to vote, make
them take that vote as many times as you can,
and then make them go to the ballot box in November.
Speaker 3: But that's what it is is political theater. Folks. We
all know where it ends up. We've seen it. I've
been here twelve years. I've seen it twelve times.
Speaker 2: I refuse to be a Thespian in this failure theater, Zach.
Speaker 1: It's a masterclass. And you know my particular thing in
there is finally someone's admitting it's all an act. Finally.
Speaker 6: Yeah, well, ay, you and I have had this conversation
many times and I I know my client's are tired
of hearing it. Every single year I get asked about
the CR and the budget and what's going on, and
I'm like, guys, yeah, let me let me, let me
ruin the ending for you. Okay, They're going to pass
a CR, No one's going to vote against it, and
the budget will go up, the deficit will increase, and
we'll move on right like and and it's and it's
and it's he he hit the ball out of the park.
And he also uh illustrated one of the things that
we've been preaching to our clients, and I've been preaching
to to pretty much everybody will listen, which is listen.
We always want to manage risk, and we always want
to be careful in investing. But when you have a
government that literally has no constraints, the media is no
longer a constraint either party, for the most part, on
a fiscal level, is not a constraint to either side. Right,
the citizenry isn't you know. There's a great quote by
Thomas Sole which is talking about why politicians are such
great liars, and we're one of the reasons why. Because
when people are willing to readily believe lies. Then only
liars end up in office, you know. And he was
illustrating all of this. But it's also one of the
reasons why I tell people, Look, if you're not getting
the gist of how this is going to work, you're
not paying attention. Now, this doesn't mean you go out
and buy assets writ large, but this is why your
principal fears should not be looks. And certain things are
going to crash. There's you know, you're still looking at
the market that's got laughably inflated evaluations on so many
different things. Like I've always said, there's a lot of
great things that are being ignored that I think are
gonna come in very handy. But but the way this
ends or or or you know, and for that matter,
every great you know empire has ended this way.
Speaker 5: It's through inflation.
Speaker 6: Like meaning, if everybody's well, you could have another great depression.
Speaker 5: No you won't. There's no political will.
Speaker 6: And people go political will for a depression, what do
you mean, and I go, there's no budgetary constraints.
Speaker 5: It's too easy.
Speaker 6: You're gonna have the FED print a couple of trillion dollars.
You're gonna send out some more fiscal stimulus and some
PPP loans.
Speaker 5: Guys, this ain't ending with soup lines.
Speaker 6: It could be due to inflation, but it ain't gonna
end in soup lines and the depressionary collapse. The way
this is going to end is the average person can't
finance their own lifestyle.
Speaker 5: Right, That's what's happening.
Speaker 6: And he illustrated the reason why there is no and
you're so far along the path now that any short
term financial pain that came from financial restraint, meaning.
Speaker 5: People need to understand, well the depthtits out of control.
Speaker 6: I totally agree they need to rein it in, but
we need to be able to take the pain with that,
meaning there will be a recession. It would be a
pretty hardcore recession. I think it would be on par
with eight oh nine, right, if you really tried institute
spending restraints. But here's where we are, right, we're at
that point where people are voting themselves large as the
state treasury, right, and and the politicians know it. Nobody's
got the political will. And when you're living in a
world of a fiat currency, like, don't be afraid of collapses, right,
be afraid of not being able to afford things exactly,
and that's that's the principal threat.
Speaker 4: Yep.
Speaker 1: And what I love about Massew's saying as well is
when he treats it as theater. You can unfold this
in many, many other ways. For instance, are so much
of our fabric is built upon these words that give
us comforts? Well, you know we've got a debt ceiling.
Oh that's good because without a debt ceiling, you could
just continue to raise the debt. And that word ceiling
that means something. I mean, I don't know how often
you raise the ceiling in your house. I do, mind,
like every the week, because we raise them.
Speaker 5: We raised the roof. Some good music going on in
the house.
Speaker 8: Social security, it's secure they I mean give them credit
for being at least clever marketers in the way they
name things and the way they market this to people.
Speaker 1: You mentioned inflation. I want to get to this because
there's some fears about and this is taking it straight
from CNBC medium term delinquency fears is unexpectedly hit four
year high. We'll have you unfold that. Zach does this
with the help of coffee. I don't get to have
coffee right now. This is insane. I'm having to wean
myself off coffee. I can't wait to come back from
seal Fit. I intend to take all the bone Frog
coffee I would have drunk while I'm at seal Fit
because there's no caffeine allowed there. So if you see
me becoming very very low because I'm not getting able
to have my caffeine, so I'm gonna take it, I'm
gonna bathe in it and drink it. That's gross. I'll
clean out the bathtub, like where Kamala Harris puts her
collar greens. She says she cleans her collar greens in
the bathtub. I'll clean out the bathtub really well, fill
it with coffee, drink my fill, and then get in
and bathe in it. Here's him a name missing bone
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slash Todd. So unexpectedly, Zach the the the rise over
median term delinquencies. Here's the headline, Inflation expectations rise over
median term as delinquency fears unexpectedly hit four year high.
Totally unexpectedly that were they to be delinqucency? Was that
unexpected that in an environment like this you might have
people hitting delinquencies in terms of house loans and car loans. Stunned?
Are you?
Speaker 5: Yeah? No, not really, not at all.
Speaker 6: And the I think people keep looking for this, that
kind of data and that.
Speaker 5: Type of news to lead to.
Speaker 6: You know, more economic problems, more stock market carnage, things
of that nature. And I really don't think that that's
I don't really think that's the trajectory we're on.
Speaker 5: And I think it's perfectly illustrated by the look.
Speaker 6: I think you can find the genesis this going back
to oaight on right like meaning I think that you know,
I think the middle class folks in this country used
to be a focus.
Speaker 5: They're not anymore. They're not. It's about the elites, it's
about the rich, it's about all that.
Speaker 6: Because when you look, if you break it down into demographics,
it really is only you know, the forty year old
and younger crowd, primarily thirty five and younger, that are
having the delinquency problems, you.
Speaker 5: Know, just because everybody else.
Speaker 6: If you own a house, if you own a stock
market account, right, if you're invested, if you're a baby boomer,
you're getting far more benefit from the inflation than you.
Speaker 5: Are on balance, right, Obviously.
Speaker 6: There's exceptions, but but you're getting far more benefit from
the from the inflation than you are getting than you are.
You know, then you're than you're getting any help from it,
or you're gonna excuse me, then you're getting pain from it.
So but but you know, at the end of the day,
this is if you look, we're not legislating based on
the middle class like we used to. We're not, right,
you just see the way that you know, look at
Fed policy. Look at the FED constantly talking about inflation
being too low for so long, right then they finally
get it. This is not new, right, Meaning wealthy class
always does well from inflation. And the reason they do
well from inflation. If you're worth one hundred million bucks, okay,
and your cost of living goes up twenty percent twenty
five percent, who cares? Especially if your asset based increases
by thirty five percent, right, like it? It doesn't have
an impact, meaning you have tons of elasticity in your budget.
And I don't mean to like, but you and I
are similar in that way, meaning we're not we're not rich,
we're not wealthy. But but you know, the the increase
in cost You know, my lifestyle personally has not changed
in iota because of inflation, but you know, if you're
on the lower end of the income scale has and.
Speaker 1: My life sound probably should change.
Speaker 5: Well. I mean, I look at.
Speaker 1: The supplements I buy, man, I look at my prot
you know, it's a thirty five dollars pack of powder
fort right, I mean probably should and probably be certing
God's money a little better in that regard.
Speaker 6: But no, But there's a mathematical thing though, talk like, yes,
it changes, and it kind of gives you sticker.
Speaker 5: Shock a little bit.
Speaker 6: But when we look at what that change amount is
as a percentage of your annual income, it's not statistically significant,
right where if you're at the lower end of the income,
if you're at eighty five grand a year, ninety grand
a year trying to raise kids, a fifteen to twenty
percent increase at the gas pump and for food more
than that on food, But that is a significant draw
That is a significant percentage of of your disposable income.
Speaker 5: So you know, and that's what nobody will.
Speaker 6: Say, is that all of this bad policy, that's reckless spending,
these endless deficits and all this stuff. Look, it's out
on the back of the US middle class, like it is,
full stop, and you can't debate that.
Speaker 1: And when you're talking about policy and policy being built
for the elites, let's dig into that a little bit
because that's a very very interesting topic and it can
also lead us into this next discussion I want to
have with you a bigger discussion about crony capitalism unmoored
by any faith, I mean, any morality. I mean, God
knows it's not Christian morality. We'll talk about this with
Zach Abraham. Here's a way that you can employ a
Christian morality in the things that you purchase, super easy.
And it's not a company that goes around saying they're
Christian company, but they have Christian values and that vote,
those vials are that all lives matter. Let's go through
a checklist. You're going to use soap for the rest
of your life unless you intend to stink like a freak.
If you don't intend to stink like a freak, and
you're going to use soap for the rest of your life,
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ten percent off your first purchase there, so Zach, you're
talking about policy being crafted for the elites. Economic policy
based upon inflation is okay. Endless deficits are okay. Endless
debt is okay because these people benefit from that. They
benefit from endless debt, they benefit from inflation. But then
there's also legislation like forcing people to purchase products they
don't want from companies they don't like at prices they
can't afford. That's big legislation, forcing people to get injected
with things they don't want. That's on behalf of the elites.
What else do you see in terms.
Speaker 6: Of that, Well, let's again, let's go back to oight
on nine and let's look at it from a very
simple perspective. Okay, you have a financial crisis that was
effectively caused by idiotic policies in the late nineties, ninety
eight ninety nine.
Speaker 5: The repeal of glass Stegle was a big part of that.
Speaker 6: As a matter of fact, the financial crisis couldn't have
happened unless glass Steagel was repealed in ninety eight.
Speaker 4: I believe some people don't know.
Speaker 6: Yeah, Glass Stiegel was the post great depressionary piece of
legislation that worked phenomenally. By the way, that mandated that
consumer banks, investment banks, and insurance banks insurance providers had
to remain separate. Okay, so you couldn't. You couldn't be
all in one right for pretty obvious reasons. Okay, So
we passed that. Post Great Depression, we didn't have any
significant financial crisis for the next effectively eighty years.
Speaker 5: Okay.
Speaker 6: We repealed glass Steagel in two thousand, in nineteen ninety eight,
and it reaped of inside baseball because the chief of
City Bank at the time was a guy by the
name of Sandy Lyle Sandy Wile actually and uh and
and his protege was Jamie Diamond. Okay, fair, Yeah, currently
hit the head a JP Morgan and at the time
he merged and it was a direct violation of Glass
Steagel at the time he merged Travelers with City Bank.
Speaker 5: Okay, direct violation.
Speaker 6: Within the next six months after that merger came through,
Glass Steagle was repealed.
Speaker 5: Okay.
Speaker 6: Guys like Sidy, Right, Guys like Sandy Wild and Jamie
Diamond don't do things like this unless they know what's
going to happen.
Speaker 5: Right, you don't take that kind of risk.
Speaker 6: So a inside baseball we repealed that legislation, and shocker,
within the next ten years, we have the biggest.
Speaker 5: Financial crisis since the Great Depression. Okay.
Speaker 6: So then the other thing they did was an addendum
to the Community Housing and Reinvestment Act. This was in
nineteen ninety nine, where they loosen lending standards, right, and
we all know that story.
Speaker 5: That definitely fed into it. But I think you really
see it in the response, right, the response to eight
to nine. So, first of all, eight o nine, what
do they effectively do?
Speaker 6: They bail out to the tune of about eight hundred
and eighty billion dollars all the big banks that created
this mess and even allowed them to pay out bonuses yep,
right with that money, okay, and then in response to that,
they tight all the banks have to tighten lending standards
according to the you know, new accounting rules and the
adjustments they made, the gap and all that kind of stuff,
and then they drop rates to zero.
Speaker 5: Okay.
Speaker 6: So what do you do when you're in the middle
of an economic malaise? You tighten, You tighten lending standards,
then you drop rates to zero. Great, but the only
people that can access zero percent money are people that
have the balance sheet that can justify it, right, because
you tighten lending standards. So by the time the average
guy's balance sheet heals to the point where he can
actually afford a new house. Housing prices have already ripped
fifty because the rich went in there and bought up
city blocks of the stuff on zero percent money, right,
And it was zero risk for them because the rent
costs that they were paying it out were far greater
than the carry costs of the debt that they were
carrying because they were doing at historically low rates, right.
And so every turn you sit there and it's sticking
it to the middle class at the benefit of the
rich and the elite and the banks. And you know,
I think some of it can be chalked up to
just stupidity, which you know they do have that in
mass running around Washington, DC. But then you've got your
power players behind the scenes and know exactly what's going on.
Speaker 1: Yeah, we were loaning. So the American people lost a
whole boatload of money in the housing crisis. Some people
lost their houses, people lost the ability to buy houses
for a decade. Property owners got screwed. They got screwed
out of rent, they got screwed out of mortgages or rent,
they should say. And then the fix to this is, hey,
let's loan a bunch of money. Let's let's make this
as your percent interest rate available to people who don't
need the money. They don't need loans. They can go
buy as many houses as they want for cash. They
don't need the loans, but let's give them the loans.
Juice the economy back up this way, and we pay
off our front and who already got paid off with
bonuses for crashing the economy?
Speaker 5: Right well?
Speaker 6: And then yeah, and then we and then we and
then we legally prosecute people for mortgage fraud, but not
a single person goes to jail from the banks that
issued it.
Speaker 5: Exact, meaning meaning you issued a no job loan, you
didn't verify it at all, and this is all on
the lender, right or are you kidding me? Right right?
Like it's a the whole thing is a joke.
Speaker 6: And and but you'll constantly see them right the the
the person that pays the price is always the person
that is insignificant to their ability to stay in power,
Meaning they don't care if Joe Smith down the street
loses his house.
Speaker 5: They don't want to pick a.
Speaker 6: Tick off Jamie Diamond though, because he's going to put
twenty million.
Speaker 5: Dollars in their re election campaign.
Speaker 1: Exactly.
Speaker 6: You know what I mean and say you and you
just see it at every turn. You sit there and
you watch, Okay, here's a chance to make the right decision. No,
they do the opposite.
Speaker 1: And look what they're doing now to come for our kids.
This is an another elite move and it's once again
back to our good friends and pharma. Zach and I
will talk about this, and we was speaking of pharma.
Let me make just this promise to you, utter promise.
I've gotten to know the people at renew Healthcare. I
know them well. I consider them now friends. Have been
to Port of arut to Mexico twice. That's two weeks.
I've spent with them hours and hours and hours, had
many many phone conversations with them. I've talked to a
ton of patients who've been there and had things like
Laura lumbar pain. They were told by their surgeon, your
only path to being okay is getting cut open. I
know at least three people have met down there who
came back and said that was not true. I did
not need to be cut open. I went down to
Port of Ourta for about four days I got ethically
gathered stem cells from umbilical cords and polacentas only the
strain of sales I use. Have never ever and charactered
that a modified RNA injections. How do I know? Because
these stem cells were gathered before those were ever induced
to the world. Okay, they couldn't have been touched. When
those stem cells enter the body, they immediately destroy inflammation,
then they build. In the case of these three patients
who had lower lumbar issues, one was a professional golfer
with a career at risk. He's back to playing in
the Masters. Another is a builder who lives in the
North Idaho area with his career at risk. He's back
to modify, going out and monitoring his men and supervising
and doing some of the work himself. And the third
was a woman whose hobby is riding horses. That was
gone for her and then it was back because of
the stem cells. At renew Dot Healthcare, if you're being
told you have to have surgery, pause and decide whether
you really want to go through the risk of being
cut open or if you want to go down and
get this done with a pretty non evasive thing. It's
a needle that I didn't mean feel going to my arm.
In fact, I've got video of v saying wait are
you going to inject it? And the Harvard certified surgeon
who injected me said done. I've done this twice. I
stand by it, and I stand by them. As ethical people.
They will tell you if they can help you or not.
Go to renew dot Healthcare. It's r e n ue
dot Healthcare. Tell me your a member of the podcast
or radio show family, and there you go. Renew dot Healthcare.
Weight loss drug Sachsendra effective for kids as young as six.
Study shows so is a zempic Zach Abraham. They're trying
to get that approved for kids, ozempic and Saxandra to
help kids as low as in age as six go.
Speaker 4: Get this in.
Speaker 1: By the way, one of the guys who's pushing the
the ozempic I had Greg Glassman. We recorded an interview
with Greg's the founder of former CEO of CrossFit. He
shared with me that apparently one of the guys who
did the ozempic push one of the scientists showing how
good this is for kids. You know what else he pushed,
sugar and cereal is better for you than beef. Than
having a steak. Same dude, this stuff.
Speaker 4: Man.
Speaker 1: You work in the era of the area of big business.
You help people invest in companies. You're a fiduciary. This
couldn't be more poison. This are bad for multiple reasons
than these. Number one, telling the kid they're too fat
is going to label them for life. Number two, be mobile,
eat reasonable things, have unstructured play, Get off the stinking devices, right,
don't eat sugar all the time. You're not going to
be heavy ninety nine percent of people. That ninety five
percent of people aren't going to be heavy. Little kids
with their metabolisms can be juiced up by all these activities,
but we're going to shoot them up with these drugs
and pharma companies can do this and sleep at night.
This is unmoored from any any morality. Just a pick
a Bible verse do under the least of these there
you go no, and it's.
Speaker 5: And it's it's it's criminal.
Speaker 6: Because people know the fact that doctors writ large aren't
standing up and saying how ridiculous this is, right, Like
why why stop there? Why not just pat why not.
Speaker 5: Just give it all?
Speaker 6: These kids riddle in that's an appetite suppressant. Right, Wow,
how is this any different? We don't know what the
long term term impacts of it are. This also doesn't
develop good, healthy heat of eating patterns and things.
Speaker 5: Look.
Speaker 6: The unfortunate thing about this, though, is that we, as
a populist but you know, probably not the people listening
to this or you and I, but we as the populace.
Speaker 5: Bear a lot of the responsibility for this, right.
Speaker 6: Because we have consistently abdicated our own responsibilities for the
expediency of government fixes and and for somebody to tell us,
you know, look at society today, right, rather well, big
is beautiful.
Speaker 5: No, it's not.
Speaker 6: It's unhealthy for God's sake. Right, you're a walking heart attack. Hey,
you just are. And if I tell you anything different,
I'm not being kind to you. I'm not being tolerant.
I'm literally I'm lining your casket with velvet padding. Right,
That's what I'm doing. And it's shit, the whole thing is.
But I mean you look at you, look at the
My wife showed me something the other day on a
community forum. Somebody was asking on the community forum what
doctors around here will give children under the age of twelve.
Speaker 5: The COVID shot and when.
Speaker 6: People are this stupid, right, you deserve the government you're
gonna get, So we could constantly blame the.
Speaker 5: Government for it.
Speaker 1: Yeah, which you know, I.
Speaker 6: Obviously have no shortage of blame for them in my
own thinking, in my own you.
Speaker 5: Know, way of looking at the world.
Speaker 6: But at the same time, people need to like, you know,
we're idiocracy. Remember that movie Idiocracy.
Speaker 1: They have seen it, but I know the theory. Yeah,
it's what we are.
Speaker 5: It's it's and I'm not it's not a good family movie.
I'm not saying.
Speaker 6: But for those of you that have a kind of
a darker sense of humor, what's funny?
Speaker 5: What's horrific about it? Not funny?
Speaker 6: Is that what was seen as this kind of you know,
uh lampoon type, you know, silly take on the future.
Go look at it now, Go look at it now,
and and how scary it is to where we're going.
And unfortunately, what enabled that in the movie is the
same thing that's enabling that in society today is just
laziness and stupidity.
Speaker 1: I've seen the clips and how it relates to today,
and I can already tell it spot on. I'm gonna
share something with you when our daughter, so does he
get an eating disorder? And we started to recognize with
deep concern kids when they get these disorders, they're often
a year ahead of the parent, and even understanding how
deep it is, they'll start to share with you things.
You know, my daughter would say, Hey, I can't be
happy until i'm one hundred pounds in Asian. I'm like, well,
the Asian part's going to be hard. Secondly, you're a
competitive athlete and you have an incredibly athletic body, and
one hundred pounds is going to be like maybe kill
you because you're a competitive athlete and very successful at it.
And we'd have these conversations. She was already a year
ahead of me in like, what could I do radically?
I think I should start starving myself for thirty days
as so sorry. She's reading about how to make herself
throw up but not hurt her teeth and not get acne.
She was already a year ahead in these planning. So
she said to me, I had on radio at a
fat loss partner, weight loss partner and great great people,
great people, phenomenally good people. And she knew I did this.
She knew that my wife went through the program she
know I went through the program. She said, I want
to do it, so, honey, you don't.
Speaker 3: Need to do this.
Speaker 1: Please, please, please, you work with these people.
Speaker 5: Please.
Speaker 1: So I called the guy Iran and said, hey, look
here's the deal. Let me send you pictures of my daughter.
And I sent him pictures of her speed skating and
videos of her speed skating. He said, dude, she's a
phenomenal athlete like that. Girl does not need to lose
weight period. I said, look, if I bring her in,
can you have one of the female healthcare providers tell
her that genuinely. So he shared the videos the pictures,
and she called me. She said, Todd, number one, your daughter,
beautiful number two. She's a stunning athlete. I wish I
ever had a body like this when I was at age.
So it took her in. They weighed her on a
body composition scale. She hid her eyes. She was afraid
to see what she weighed because she'd put in her
head that there's a perfect number for a girl her age.
You know what, it was average? She wanted to be average.
They measured her height, She shut her eyes because she
wanted to be average. And they got done and she
sat down with this lady, and I was across the
room and I knew what she was going to say.
She said, you are perfect. Your body is in such
good shape. You don't need to lose any weight at all.
And you really really have a beautiful athletic form, and
I can't recommend any weight loss. I'll give you some
food to take home that you might like. It's super
high protein and very healthy for you. I'll give that
to you, like some snacks and stuff, some protein chips,
and like sweet foods. And oh I love sweet foods.
And so my wife, my daughter left with this bag
of sweet protein bars and some chips and stuff.
Speaker 4: Zach.
Speaker 1: We walked out to the car. We got about five feet.
My daughter started crying. No, she said, I'm not obese.
Speaker 3: Oh yeah, yeah.
Speaker 1: She started to cry. Said no, wait obese. She said,
the b missmobese, the body mass indexeshm obese. Yeah right,
Well what honey, you have been speed skater for six years.
You're naturally wearing speed skater. You have muscle development. Yeah,
you're not normal, right right? I want to be average.
Speaker 4: Hm.
Speaker 1: So part of her desire was to lose the muscle
right to be average, And these vultures come in unmoored
by any form of morality, and they're going to prey
upon the least of these fat kids, heavy kids. And
sometimes that's a stage.
Speaker 4: Man.
Speaker 1: I was a roly poly little goof you know, before
I started to do sports and stuff, I was a
little butter ball and that changed. I Uh, you have
to invest in businesses. That's what you do, is a fiduciary.
But there's got to be a corner of hell for
crony capitals like this who are going to use governments
because you know, once this is prooved for six year olds,
you know it's going to be pushed.
Speaker 6: Oh yeah, no, yeah, I mean well yeah, just like
the COVID vaccine, right, right, And and at the end
of the day, you know, at the end of the day,
it's evil.
Speaker 5: Let's just call it what it is, right, because it's.
Speaker 6: It's it's it's coming in with a you know, I
coach kids, right, and it'd be the equivalent of teaching
these kids workarounds as opposed to teaching them how to
really do something right, how to how to actually get
better at something. And it to me, it's it's it's
all fake, right, it's all counterfeit and you're not really helping.
And then and you look at that, what do all
these reals, What do all these things have in common?
Speaker 5: Right?
Speaker 6: They all result in higher profits and more money for
billionaires and multinational corporations.
Speaker 5: And like the fact that we're even okaying this, it's
it's ridiculous.
Speaker 6: So now we're promoting the starvation of six year old
children because that's what these drugs do, right, they do starvation,
That's what they do, right. And so now we're now
we think that's a good idea. How about we eat
a sensible diet. We put down the remote control, we
put down the video games, and we get out. And
this is the problem that when we start abdicating personal
responsibility to the federal government, they don't answer to you.
Speaker 1: Right, right, And the question is, like with the federal
they don't answer to us, they don't care. It's a
permit procracy. But what I'm looking at is the media
writing about this is approved for six year olds? Study
shows is it a good idea? How about that? And
they take it to and you know, this ends up
in it ends up in Obamacare benefits, It ends up
in Medicare, Medicare benefits, which I know are for older people,
and it's going to be in government school programs. You
watch them pitch just to the schools. You watch them
sell this through well kids stuff. It's going to be
in the schools and they'll be teachers who get a
rake and school districts who get a rake one day.
Just remember this that this this period of time we're
in to us, it seems like everything. Let me ask
you a question, Zach, do you remember the shoes you
wore in your first day of kindergarten?
Speaker 2: Oh?
Speaker 1: Man, probably not now, No, I don't, right, But I
bet you on your first day of kindergarten. I bet
your shoes, your pants, your shirts were a big deal
to you.
Speaker 5: Oh yes. And then when I got home that night
to put the shoes back in the box, right, got to.
Speaker 1: Keep right, so we all had that. I remember my
first day of kindergarten was a place my mom works.
I remember how nervous I was and what a big
deal was, you know, But I don't remember what I
ate that morning. But I'm gonna bet I said, this
is the first day of school. I have to have
the perfect breakfast. This period of time with all of
these companies doing this stuff. This is the most important thing.
We need our kids on these pills and what we're
looking at with this debate and the corruption we've talked
about and the inflation we've talked about, and these dishonest companies.
You know what this is in eternity with the Lord
Jesus and the New having a new Earth. It's a
blip of a blip. It's our kindergarten shoes. When you
and I, brother, we've been in Eternity and the New
having a new Earth for the equivalent of a billion years.
Because we're not going to be years there. You and
I may meet as souls, and I bet you one
thing will never come up. Zach, you remember that debate.
We will be such different beings. Praise God for that.
And I appreciate you coming on always. It's great to
get wise counsel from a good friend. Zach Abraham, Chief
of the desktops for Voth Capital Management. Go to know
your risk grader dot com. Big big show coming up,
current events in your retirement. Go to know your risk
grader dot Com. I can't say more otherwise have to
run your disclaimer. We'll leave it that way, brother, Thank
you very much.
Speaker 5: Mar Hey fun as always, Thanks for having.
Speaker 1: Me go with God's good grace. This is the Todd
Herman Show. Now please do this. Go, be well, be strong,
be kind, and please make every effort to walk in
the life of Christ.