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Speaker 1: Thomas Massey decided to show how complicated inflation is, how

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hard it is to understand. So he did a little

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video where he took a dude's iced tea looks like

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good thick tea. Then Massey did this, This is what

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happens when you have a quantity of something or in

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the water and we add more to it.

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Speaker 2: This is delusion. The principle is so simple that a child.

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Speaker 1: Can understand, and you can create this little science project

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at home.

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Speaker 2: Sorry, you can have your tea bags.

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Speaker 1: Well, it's not really so much new tea anymore as

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his tea mixed with water. It's deluded. Wow, that was easy.

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So maybe Zach Cabraham can help us understand how this

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applies to life. Maybe we can also talk about free speech.

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It's so interesting to see a guy who is my

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dear friend and brother and on this program every week

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having the same concern I do about this stomping of

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free speech. It's an unmitigated disaster, according to a left

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landing journalist, who are running out of ways to talk

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about how bad this is. We'll talk about that, We'll

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talk about Boeing, and remember where you were when you

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heard the reality of Boeing plus the forgivable loans. Kamala

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Harris wants to give out to black men, but just

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black men and much more. As we say in the business,

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we'll talk about this with the help of Wow, Bulwark

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Capital Management, No Your Risk Radio dot Com, and with

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God Almighty.

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Speaker 3: The Todd Herman Show is one hundred percent disapproved by

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big pharma technocrats and tyrants everywhere. No from the high

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mountains of Free America. Here's the Emerald City exile cod 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 live.

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Zach Cabrah, my friend brother, chief investment officer Bowarck Capital Management,

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joins us. Dude, my head's still spinning looking at that

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inflation thing. The thick good ice team made watery and runny,

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and that's Is it really that easy? Is that really

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what's what inflation does to us?

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Speaker 2: I mean, yeah, I mean that's it.

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Speaker 4: It's a I mean that's obviously a very uh, very

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simplistic look at it, but yeah, I mean that's that's

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it in its simplest form. I mean, bottom line, right,

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it's just currency degradation and loss of purchasing power over time,

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and that I think the way that we were having

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this discussion yesterday here in the office on our own podcast,

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that based on the way the world is set up

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and the way technology is shifted, I think that you're

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going to see I don't think traditional voute or tradition,

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traditional measurements or levels of inflation are.

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Speaker 2: Going to adequately describe what we're dealing with.

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Speaker 1: Uh that that's a scary thing you said there right.

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Speaker 4: There, well, and and and some of that is subterfuge.

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I think some of it is on purpose because the

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powers that be have no inflation. There's no beneficial part

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of inflation to them, right, So what the bottom line is,

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anybody that's in president or in office has a desire

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to understate inflation.

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Speaker 2: Right.

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Speaker 4: That being said, I just don't think it's going to

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due to the structure of the world, how resilient we've

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proven that a lot of commodities are to extract, how

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efficiencies have gotten there, like you think about oil and

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fracking and things like that. I think that primarily that's

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certainly what we've seen over the last few years, and

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I think you're going to see it at some points

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for some time in the future, that the primary form

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of inflation is going to be asset price inflation.

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Speaker 1: Okaying that asset price inflation, well, just.

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Speaker 2: Because of the way the world is set up, the

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world is.

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Speaker 4: So much economically speaking in some ways and not in others.

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Globalism has made the world less fragile. Meaning you know,

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in the past, it used to be so much more

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acceptable for a variety of different reasons that this country

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or this region produced this good, this country or this

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region produced that good, and inflation was very, very apparent

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because the country that produced good X didn't want to

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sell it to the same price to the other country

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over there because they've been running up they've been you know,

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printing money, integrading their currencies.

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Speaker 3: Right.

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Speaker 4: Well, the global economy has gotten so much more diverse

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and individual countries, you've begun sourcing things from so many

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different places. There's so many more just it's just so

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much more economically disparate. There's just there's you know, one

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region doesn't produce one set of stuff, right, people, they

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have more diverse economies. And so I think that what

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you're seeing is traditional metrics and ways that we look

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at inflation won't necessarily catch it. But go look at

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asset prices, look at land prices, look at housing prices,

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look at stock prices. Right, assets that you own, those

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have gone up way more than even that they report,

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like groceries and things like that have gone up. And

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that doesn't surprise me, because I think the impacts are

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just as bad. Meaning the only way in the current

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world that you can stay above in inflation or benefit

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from it, or stay out in front of it is

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if you have substantial asset holdings.

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Speaker 2: Right.

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Speaker 4: If you don't, they're just running away from you. And

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that's how you offset. Right, assets rising and cost or

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rising in price is how you offset so many of

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these these cost increases.

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Speaker 1: So if you're renting right now and you are painting

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a lot of rent, you're probably going to rent for

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a very long time because if the inflation curve keeps

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up and the assets costs, you're saying the inflation is

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really peaking in these things, these assets you need, you

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are not going to get ahead of inflation unless you

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develop some form of ownership. But then you're in a

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catch twenty two because the people who own those buildings

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have to stay ahead of inflation. They have to continue

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to increase rent or make it more efficient somehow, which

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is hard to do with a fixed asset like an

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apartment building. So we are talking about a divide here,

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that great thing of you'll own nothing and be happy.

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That's sort of happening through this asset inflation.

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Speaker 4: Yeah, yeah, it is, it is, and it will continue

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to happen as you know, as prices go higher and higher. Right,

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I mean you know it used to be people would say,

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and this is just one example, but kind of a

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good example that could happen in many different ways. You know,

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people used to say things like, you know, I need

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to go buy some a few bitcoin, you know. Now

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most people are like, hey, I want to go own

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a fractional piece of a bitcoin, right, yep. That's it's

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kind of an example, right. You see, you see other

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websites coming out offering to sell art or other private

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assets in a pooled way, so you can own a

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piece of them, but you can't own the whole, right,

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And so you're starting to see this and what that

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sort of is in a way is it's kind of

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the undercover acknowledgment that the currency itself is in some

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ways worthless, right, meaning you might have ups and downs

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in terms of price. But people are very very certain.

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And I don't I don't. I have no illusions about

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why they're certain when you look what the government's doing.

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But people just feel very certain that whatever it is

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that they're buying with currency, right, whatever asset it is,

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it's most likely going to be higher. And I agree

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with them. When you go down this path, when you

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go down this road to perdition, there typically is no

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turning back. And the reason there is no turning back

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is each day you extend this fallacy. Each day you

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extend this fairy tale, right, this nonsense. Every day it extends.

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By definition, you're pushing further and further and further away

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from the zero bound, right, which means that a fall

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back to the zero bound, by definition, a return to

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quote unquote normal. Each passing day, it's becoming more and

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more painful. So so if we if we were willing

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to print ourselves into oblivion when we were just that

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far away from the zero bound, you know what do

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we do now that we're this far away? They all

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of a sudden got to sit there and say, now, no, no,

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we got to let things get back equal. People are

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on their own now.

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Speaker 1: Nope, no, right, And I've seen this with people whose

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kids are forty five, forty six, forty seven years old

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and still turn into mom and dad saying, Hey, I

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need bail money. This business failed. I need you to

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help me right and right now. You're not really going

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to go back to when they're seventeen and say, Okay,

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you got to start doing things on your own, because

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you can't reinstall normal at that point. So I want

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to ask you about this global tax on billionaires because

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I have this theory and now this isn't even conspiratorial.

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I actually think that you could look at this from

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a perspective compassion if you wanted to do that. In

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regard to you will own nothing and you'll be happy

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in renting cars, et cetera. It's prepping an environment for

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an econo reality that are betters know they've installed through

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their theft and graft. And I'll share that with you

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in a second. Zach just mentioned food prices. Food prices

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are going up, and you own those for a short time,

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but you have to have food to eat, and you

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can google that that's been fact checked. In fact, we'll

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invite fact checked organizations belong to point out that you

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need food to eat, you can go and I guess

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grow a garden. Please do buy food storage. Please? Do

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you know I'm big into that? Better understand this. There's

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another hack you can use. It's a beautiful life hack,

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and it's a product called mass zymes. Whatever you eat,

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why don't you go ahead and get more nutrition from it?

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That way you need to eat less of it. This

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is particularly helpful with protein. Mass Symes took two hundred

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and forty three separate experiments for Matt and Wade to

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biptimizags to ability to put their names on it. It's

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so potent, it's so good that in a test at

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Berkshen and Austron University in Bosnia, they discovered that people

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who ate their normal diets and did not consume mass symes, well,

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they saw what you expect normalcy. On the other hand,

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people like me who took mass simes, we saw one

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percent more amino acids in our bodies, meaning we got

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more nutrition in each bite, meaning we can sustain and

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build muscle. So if you've been on any form of

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restrictive diet or just like to maintain a healthy body composition,

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go to biptomizers dot com. Slash Todd you get ten

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percent off all their products. They're including mass simes it's

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biptimizers dot com slash todd. And stop letting poor nutrition

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for a digestion rob you of every calorie probte it's

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bibptemizers dot com slash Todd. So there is a push

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Zach for a global billionaire attacks, coupled with the outcome

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of what we've been being coached on for the past

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three years. We've been told it's going to be a

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renter's economy. It's going to be a sharing economy. You're

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gonna share cars, you're gonna share office places, you're going

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to share houses. Now you're gonna have fractional houses. You've

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had these apartments sub apartments in Asia, tiny tiny little apartments,

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and now you have stand up apartments being pitched, stand

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up airplane flights being pitched right, And so I've seen

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this them normalizing the environment of you're not ever going

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to own anything, and that's very, very normal, coupled with

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this billionaire attacks to get five point seven trillion dollars globally.

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So let me unpack what I'm making a case of.

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Do you think they've been prepping people of eight ny

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nineteen up to twenty five years old. For the reality

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that guys, it's a good thing not to own. It's

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a good thing to not own a house. Don't be

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upset by that. We don't want a global revolution because you,

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guys realize you've been robbed step one. Do you think

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that that is even possible?

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Speaker 4: I don't know if they're I so full transparency here,

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and I could make a lot of a if you're

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asking me what I believe, if you're asking me what

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I believe versus what I think.

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Speaker 2: What I think is is.

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Speaker 4: That I think there's a lot of people that are

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pushing that narrative that you see it as a sort

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of a guaranteed end right, meaning that that's the way

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it's going to roll out. So you know, let's not

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engage in the futility of fighting a certain future.

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Speaker 3: Right.

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Speaker 4: If you ask me what I believe, I believe that

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it is much more intentional than that. I believe that

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for a variety of different reasons. Yeah, and you can

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look at the genesis of socialism. I think that these

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people still have this childlike belief in a global utopia

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that is the reincreer, you know, re incarnation of John

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Lennon's song, right, no hell and no heaven, no religion,

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to all that stuff. And I think that they think

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a big part of that is removing the materialism from

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the world, at least as it relates to you.

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Speaker 2: Know, the proletariat. Uh, certainly, not as relates to them.

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Speaker 1: Yeah right, someone's good.

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Speaker 4: Yeah, yeah, somebody's got on it, right that. Everybody's like, well,

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you know, And I was having this conversation the other day.

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They're like, well, yeah, but communism, you know, it's not

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about making money. It's you know, in capitalism, it's about

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the capitalists and communism don't have it.

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Speaker 2: And I go, yeah, you do. It's called the pullet bureau, righty,

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it's the same thing.

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Speaker 4: Right, yeah, we've got yeah, they they own like crazy, right,

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it's all it's You're just you're just referring to them

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as two different things. At least one's honest about it,

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the other one isn't. So I know, I think that

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they are prepping people for that. I think that, like

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I said, I think that there's a confluence of things there.

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I think that there is a big contingent of people

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that just sees that as a necessary end to move

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the world in a direction that they think is more

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moral and more correct. I think that there are other

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people that really are probably in the back rooms twisting

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their mustaches and petting their head airless cat.

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Speaker 2: Uh. You know George Soros is of the world right? Uh?

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Speaker 4: That that that that you know that this is strategic, strategic.

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Speaker 1: And cold and ungodly and usury and abusing people and

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lording your power and all the things that the that

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God tells us to not do. People who've been given

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that that quantity of power for a time, and then

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they're going to realize when they're suddenly unwittingly, unwillingly bowing

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their knee and unwittingly having the words pop out of

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their mouth that Jesus christis Lord. Wait what did I

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just say? Then they're gonna find out they didn't actually

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have any power, and that'll be a stunning moment for them.

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So then this billionaire at tax on one hand, let's

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prep the environment. You're not going to own anything. We'll

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own it. We're gonna pretend we don't, but we're gonna

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let you lease it. And that's usury and that's that's

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that's sharecropping by another phrase, But we're gonna have a

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billionaire attacks. So I see them floating this now, a

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global billionaire attack, so that the rich finally pay their

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fair share. And it's going to raise a WAP being

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five point seven trillion dollars. Now that'll fix all the

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world's problem because five point seven trillion, that's got to

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be like a day's worth of spending right there globally.

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Speaker 4: Yeah, it's not even two and a half years of

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US government alone fiscal deficit. So global tax on billionaires, yes,

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so yes, No, So I think that this is all

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kubookie theater.

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Speaker 2: Okay, I think this is that.

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Speaker 4: So they can with a straight face look at a

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tell everybody to get their assets and trusts, right yeah,

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And then b they can look at the populace and say,

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see we put that in place, we we tax those

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billionaires because I mean, make no mistake about it, that's

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who these people work for, right, I mean it's it's

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hand in glove. To assume one is there without the

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other is ridiculous. And I think you know what I

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think is you'll probably end up And they have other

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examples of that. I was just reading a story the

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other day that should be of no surprise to anybody

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that's paying attention. Was it yesterday? What country was it?

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There was a country that said we're going to be

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raising X amount of money in a tax raise on

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wealthy people. It ended up it might even have been

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a state, and I think it was a separate country. Anyway,

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it ended up bringing in like less than one twentieth

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of what was predicted, but a bunch of those people

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ended up moving them and their goods outside of them.

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Speaker 1: I think it was France. Oh maybe, yeah, I think

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it was France that they announced it. They're going to

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do this, and then the buche and then they're gone,

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and wait, that's not fair. Right now, they're going to

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create an exit tax. Have you seen this? California wants

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to create an exit tax o.

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Speaker 5: Wait, wait, you're taking your business to Texas. Oh, that's

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going to cost you four million dollars or something to

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take your business Texas. You know your economy and society

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is in good standing when you are charging me people

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money to leave your state.

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Speaker 2: Not to.

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Speaker 4: Mention the fact that I got to believe that'll get

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shot down by the Supreme Court. Somebody leaving your state

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is not a taxable event. Yeah, And you can't. I

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don't understand how they're leaving your state. So I mean

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they're not using your goods, or your roads, or your

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services anymore. That's I can't believe that'll be allowed to stand.

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Speaker 1: Well, there's been so many things. I want to believe you.

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I want to stand with you on this, but there's

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so many things that we're seeing that we're not supposed

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to be seeing. Kambella Harris, I want to get to

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this free speech thing. I want to talk to these

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about this because you seem very concerned about that, even

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more so than fiscal things. And I want to talk

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to you about why, because that's interesting to me. But

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CAMPBELLA Harris, the people who run her, and this is

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from zero Hedge, and you know that they're the best

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financial site ever.

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Speaker 2: Oh yeah, right.

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Speaker 1: I love Zero Edge. On track to post Democrats' worst

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presidential election performance with blacks in sixty four years. That

341
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desperate Kambla Harris smashed the vote buying button on Monday,

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proposing an opportunity agenda for black men that includes dishing

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out one million dollars in forgivable loans twenty thousand dollars each.

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The loans should be offered to black entrepreneurs in partnership

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with trusted organizations like mission driven lenders and banks with

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a proven commitment to their communities. Gosh, Zach, there's certain

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banks that would line up to institute to hand out

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these moneies instead of it just coming from the government,

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they partner in this. Thank god, we've got those banks

350
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who are willing to step up and put skin in

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the game and not make a single stinking dime on it.

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Isn't that good.

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Speaker 4: It's selfless, man, it's you know, just doing the lord's work.

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Speaker 2: Right.

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Speaker 1: This is the same swindle as the money for the

356
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illegal immigrants. It has to be swindled through banks. You

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can't just give them the ten grand. No, you get

358
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a debit card in the ten grand in a bank,

359
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but they have a management fee on it.

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Speaker 4: Yeah, and look it's sort of opaque. And I get

361
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that people are busy and all that kind of stuff.

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What amazes me is, remember how well this stuff you

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used to get hidden in disguised. Now just yes, you

364
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know what I mean, Like, now it just isn't And

365
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you're like, if you don't see it, it's because you're

366
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not looking. Just like full stop.

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Speaker 2: If you see it like, either you're.

368
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Speaker 4: Just risk blind and dumb, right, or you just or

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you're making a choice.

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Speaker 1: This is very much like showers and gyms. So let

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00:19:20,759 --> 00:19:23,079
me explain this. This is and this could be risk.

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I see you. When I said that, Alex looks at

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me like, Okay, you put God at the center of

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the show. I better not. So here's what I mean.

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When you go to a gym, I don't like to

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shower another man. I don't like to see naked men.

377
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And this is a rule. Tell me if I'm wrong.

378
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If you ever want to be seen naked in your gym,

379
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try to put your shorts on. You get out of

380
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the pool. You've been swimming, No one's in there. Stand

381
00:19:46,160 --> 00:19:48,400
there with a towel wrapped around you for thirty seven

382
00:19:48,440 --> 00:19:51,680
straight minutes. Not a single man will walk into that gym.

383
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The moment well, that's just when the towel hits the floor.

384
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It's when you have one leg in your shorts. Yeah,

385
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And then that's this, And am I right, Alex? That's

386
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a fact. But there's also this, And this is what

387
00:20:04,599 --> 00:20:09,200
I mean. They're not even hiding this stuff in fancy language.

388
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They're not saying entrepreneurs from certain zip codes, which is

389
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how they would do it. Meaning and well, it's mostly

390
00:20:14,839 --> 00:20:17,279
black men. They're just coming out and saying this. This

391
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is just like there's a sort of showering you do

392
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in a gym. If you have to shower, you go in,

393
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you rinse your body so it doesn't stink. But you

394
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do not go extensive. You do not.

395
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Speaker 2: It's a smash and grab job, right, surface washing.

396
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Speaker 1: Yeah, Okay, that's the polite way to say it. But

397
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there are men of a certain age who so don't care. Nope, nope,

398
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And they're down there with flashlights and I'm sure.

399
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Speaker 4: They're also they're also not in a hurry to put

400
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clothing back off.

401
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Speaker 1: No, And that's and right and so and.

402
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Speaker 2: That's the part that gets to me is where I'm

403
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just right.

404
00:21:00,640 --> 00:21:02,559
Speaker 1: And you got to set it down and say, hey, sir, listen,

405
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there's gym washing and its surface level. It's like a

406
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spray and wash.

407
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Speaker 4: We do not go hunting, and you're not and you're

408
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not a sixty four chevelle.

409
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Speaker 1: No, you don't need it. It's not ail, not a

410
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detailing job.

411
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Speaker 4: You don't need cherry cloth, right, you just need to

412
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just take that towel and give yourself.

413
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Speaker 1: A right and away from me. And by the way

414
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that the suns, they don't need to be naked, that's all. No, No,

415
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you don't, okay, Alex gave me the look. That's it. No,

416
00:21:31,119 --> 00:21:33,599
you did. Don't even deny it. So here's the deal

417
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with them being so bold about this. Clearly this is illegal.

418
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Clearly it's unconstitutional. Clearly you can't give government money to

419
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people buy race. But the Gates Foundation is sponsoring a

420
00:21:52,400 --> 00:21:57,000
professor who has launched a nonprofit and they are going

421
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to fund this guy so that he can go out

422
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and encourage segregation in schools.

423
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Speaker 2: Naturally.

424
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Speaker 1: No, and this is a real guy. His name is

425
00:22:09,599 --> 00:22:12,960
Sharif L. McKee and visions of world where all black

426
00:22:13,000 --> 00:22:17,680
students are taught by same race teachers. Gates Foundation, NBC, Universal, Nike,

427
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the Bezos family. So they don't even care enough to

428
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hide it. And I don't even think they can see it.

429
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I think spiritual blindness extends into economic blindness, extends into

430
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moral blindness. Does that make sense?

431
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Speaker 2: Well, it does.

432
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Speaker 4: But I think that you're looking past something because there's

433
00:22:34,440 --> 00:22:36,559
some basic philosophical facts here.

434
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Speaker 2: That are known, okay, and.

435
00:22:38,000 --> 00:22:41,000
Speaker 4: That is is that in education, it has been well

436
00:22:41,119 --> 00:22:44,599
established for many a decade that you can have separate

437
00:22:44,680 --> 00:22:46,279
but equal educational systems.

438
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Speaker 1: Oh I didn't know that this is known.

439
00:22:48,039 --> 00:22:51,680
Speaker 2: Yeah, okay, yeah, yep, yep, this a long time ago

440
00:22:51,960 --> 00:22:54,440
that separate can still be Okay, got it all right?

441
00:22:54,519 --> 00:22:58,359
Speaker 4: So no, no, literally, we're it's our answer to fix

442
00:22:59,200 --> 00:23:04,440
societal inequality is to go backwards. The new progressive, the

443
00:23:04,519 --> 00:23:08,359
new progress is literally traveling back into it's.

444
00:23:08,160 --> 00:23:10,160
Speaker 1: It's it's truly aggressive. I came up with a great

445
00:23:10,160 --> 00:23:14,079
answer for the DEI people on the equity part. I'm

446
00:23:14,160 --> 00:23:17,000
raising my hand. Okay, my turn to be the leader.

447
00:23:16,839 --> 00:23:19,440
Speaker 2: Of the group. Yeah yeah, how about that?

448
00:23:19,599 --> 00:23:19,720
Speaker 3: Right?

449
00:23:19,759 --> 00:23:22,759
Speaker 1: Sure to workshop podon me. No, it's my turn to lead.

450
00:23:22,759 --> 00:23:25,480
It's equity, my turn. You sit down. Now, I get

451
00:23:25,480 --> 00:23:28,119
to I get to run the workshop because everybody has

452
00:23:28,160 --> 00:23:30,680
to go to the same place. We're all leaders and

453
00:23:30,759 --> 00:23:32,960
we're all followers. None of it, none of it makes

454
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any sense, which brings me into free speech. Then we

455
00:23:36,200 --> 00:23:38,039
need to get to Boeing. Okay, because we got to

456
00:23:38,039 --> 00:23:40,039
talk to Boeing. Thing. This has been your beat and

457
00:23:40,119 --> 00:23:42,440
you you do not get enough credit for the work

458
00:23:42,480 --> 00:23:44,720
you did on Boeing. Let me say this to people

459
00:23:44,720 --> 00:23:47,920
who are listening and are watching. I have you. You're

460
00:23:47,960 --> 00:23:50,680
my witness on this. Zach, you asked me about the

461
00:23:50,680 --> 00:23:52,720
place in part of ours renew that healthcare, didn't you?

462
00:23:53,200 --> 00:23:54,079
Speaker 2: Yeah? And I?

463
00:23:54,119 --> 00:23:56,440
Speaker 1: And I answered didn't I and didn't? Wasn't I enthusiastic?

464
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Speaker 3: Right?

465
00:23:57,079 --> 00:23:57,480
Speaker 2: Uh huh?

466
00:23:57,519 --> 00:24:00,160
Speaker 1: Okay? See I would tell Zach this in private. I

467
00:24:00,200 --> 00:24:03,519
would tell you this in private. World class healthcare. That

468
00:24:03,640 --> 00:24:07,279
is illegal here. That should tell you something. World class

469
00:24:07,319 --> 00:24:10,279
healthcare from stem cells that come only from placentas and

470
00:24:10,359 --> 00:24:14,880
umbilical cords period never boarded babies. It's illegal here. You

471
00:24:14,960 --> 00:24:19,160
can't get this stuff, this Wharton jelly approach. Instead. The

472
00:24:19,240 --> 00:24:22,200
umbilical cords and stem cells are usually tossed out as

473
00:24:22,279 --> 00:24:25,440
medical waste, and it's illegal for you to put those

474
00:24:25,440 --> 00:24:29,279
in your body here. Those cells are designed to build baby,

475
00:24:30,160 --> 00:24:33,359
so they're leftover cells. They can build anything in the baby,

476
00:24:33,759 --> 00:24:37,079
but they're left over. You have an issue like an

477
00:24:37,079 --> 00:24:39,839
ACL or an MCL, and maybe you don't want to

478
00:24:39,880 --> 00:24:42,440
get cut open, or a rotator cuff. Maybe you don't

479
00:24:42,480 --> 00:24:45,960
want to get cut open, or you have consistent lower

480
00:24:46,000 --> 00:24:49,960
back related ailments that can impact your freedom to move,

481
00:24:50,000 --> 00:24:51,920
your ability to lift things, your ability to have fun.

482
00:24:52,039 --> 00:24:54,200
But you don't want to be cut open. You may

483
00:24:54,200 --> 00:24:57,359
not need to be cut open by looking at your MRIs,

484
00:24:57,359 --> 00:24:59,039
and they'll show you how to get access to that.

485
00:24:59,119 --> 00:25:01,720
To them, it's super easy. They will have a Harvard

486
00:25:01,839 --> 00:25:04,400
certified surgeon in all cases, in most cases, to be

487
00:25:04,400 --> 00:25:07,079
doctor Chavez. It looks at him. It'll tell you if

488
00:25:07,119 --> 00:25:09,279
they can help you. If they can't, they'll deliver the

489
00:25:09,279 --> 00:25:11,039
bad news. Hey, you are gonna have to surgery, but

490
00:25:11,039 --> 00:25:13,680
we can help you recover in my case, forty eight

491
00:25:13,680 --> 00:25:16,519
times to fifty times faster than without these stem cells.

492
00:25:17,000 --> 00:25:18,920
You can go find out got to renew r E

493
00:25:19,039 --> 00:25:21,799
n U e dot healthcare. Elevate your quality of life

494
00:25:21,799 --> 00:25:25,640
by elevating your healthcare to actual healthcare. Renew dot healthcare

495
00:25:25,799 --> 00:25:29,319
r E n U e dot healthcare. So all the

496
00:25:29,359 --> 00:25:32,759
things we're talking about is possible here right now, Zach,

497
00:25:33,160 --> 00:25:35,920
because you and I can speak freely right now. I

498
00:25:35,960 --> 00:25:38,680
don't know how much of this conversation will survive YouTube,

499
00:25:39,160 --> 00:25:41,079
maybe most of it. I don't think we've stepped on

500
00:25:41,119 --> 00:25:43,200
any of the bad things yet, but we'll find out.

501
00:25:44,079 --> 00:25:48,000
You have said that you are in fact correct me

502
00:25:48,000 --> 00:25:51,279
if I'm wrong. More so than the economics or the

503
00:25:51,359 --> 00:25:56,680
power grabbing, the corruption. You seem very concerned about the

504
00:25:56,720 --> 00:26:00,240
attack on free speech. So why is that so big

505
00:26:00,240 --> 00:26:01,960
for you, being that you're a I mean, not a

506
00:26:01,960 --> 00:26:03,839
finance guy. You're a dad, you're a Christian, you're a

507
00:26:03,880 --> 00:26:06,680
human being, but your profession is finance, your produciary.

508
00:26:06,680 --> 00:26:11,480
Speaker 4: Why this Yeah, the quote I put on uh on

509
00:26:11,519 --> 00:26:14,839
Twitter was that I'm far more concerned concerned about the

510
00:26:15,000 --> 00:26:17,240
assault on free speech than I am the quote unquote

511
00:26:17,240 --> 00:26:18,279
assault on our capital.

512
00:26:18,680 --> 00:26:22,160
Speaker 1: Okay, oh right, oh wait there was assault on the capitol.

513
00:26:23,559 --> 00:26:26,000
Speaker 4: Yeah apparently, yes, Oh wait, that's like the most violent

514
00:26:26,039 --> 00:26:29,000
day in history. Yeah it was. It was a gorilla

515
00:26:29,079 --> 00:26:32,880
group that was armed with red baseball caps, tennis shoes,

516
00:26:32,880 --> 00:26:37,359
and blue jeans and uh you that is the triumvirate

517
00:26:37,480 --> 00:26:40,720
of trouble, is what I call that. Right When those

518
00:26:40,799 --> 00:26:44,000
three things coalesce, freedom is on the run.

519
00:26:45,480 --> 00:26:45,799
Speaker 2: Yeah.

520
00:26:45,839 --> 00:26:52,960
Speaker 4: So the the the reason why it's an Orwellian experiment

521
00:26:53,039 --> 00:26:56,559
in real time, and it's very it's it's at the

522
00:26:56,599 --> 00:26:58,960
bottom at the end of the day. It's it's terrifying

523
00:26:59,000 --> 00:27:03,160
to me. It's rrifying to me that bell Wethers of

524
00:27:03,440 --> 00:27:06,079
one of the main two political parties in this country

525
00:27:06,519 --> 00:27:09,119
John Kerry and Hillary Clinton are both cited inside of

526
00:27:09,160 --> 00:27:12,720
a two week period of time saying that freedom of

527
00:27:12,799 --> 00:27:15,200
speech is the big hurdle, That freedom of speech is

528
00:27:15,240 --> 00:27:21,319
the big problem when you think about how scary of

529
00:27:21,359 --> 00:27:24,319
a comment that is and the fact that that comment

530
00:27:24,480 --> 00:27:29,279
is broadly accepted. Right, if you do not have freedom

531
00:27:29,319 --> 00:27:31,920
of speech, you don't have a bill of rights, full stop.

532
00:27:32,519 --> 00:27:35,319
Because if you don't have freedom of speech, especially the

533
00:27:35,319 --> 00:27:38,400
way that these people are defining it, their freedom of

534
00:27:38,480 --> 00:27:43,640
speech is giving government autocratic authority to define what is

535
00:27:43,680 --> 00:27:47,240
true and what isn't true. Right, That's what their definition

536
00:27:47,279 --> 00:27:49,640
of free speech really is.

537
00:27:49,119 --> 00:27:49,240
Speaker 3: Right.

538
00:27:49,720 --> 00:27:51,359
Speaker 4: It's saying that we're going to make the government the

539
00:27:51,480 --> 00:27:53,519
arbiter of all that is true and all that isn't,

540
00:27:53,880 --> 00:27:56,359
the adjudicator of all that is true and all that isn't,

541
00:27:56,720 --> 00:27:58,599
and that they will be the judge and jury as

542
00:27:58,640 --> 00:28:01,960
far as that is concerned. And why that concerns me

543
00:28:02,039 --> 00:28:03,839
is there's only two types of people in the world

544
00:28:03,920 --> 00:28:04,359
that think.

545
00:28:04,240 --> 00:28:05,039
Speaker 2: That's a good idea.

546
00:28:05,440 --> 00:28:09,440
Speaker 4: A autocrats that want total control and be idiots that

547
00:28:09,480 --> 00:28:12,640
don't know their history, right, and these people that back

548
00:28:12,720 --> 00:28:14,799
that up and pair it that. I look at them

549
00:28:14,799 --> 00:28:17,759
and I want to go. Stop a second, guys, stop,

550
00:28:18,160 --> 00:28:22,519
you're building your own prison. Okay, this isn't a political issue.

551
00:28:22,559 --> 00:28:25,200
You and I do not disagree that if we live

552
00:28:25,279 --> 00:28:28,799
in a society where somebody else can determine what the

553
00:28:28,880 --> 00:28:32,079
truth is right and what is the truth, it's whatever

554
00:28:32,119 --> 00:28:36,400
they deem to be politically expedient, and if we forfeit

555
00:28:36,480 --> 00:28:40,680
that right, there's nothing left. You don't have anything left.

556
00:28:40,680 --> 00:28:45,440
They control everything right right. And the fact that people

557
00:28:45,799 --> 00:28:49,319
are even advocating this saying that the where do you

558
00:28:49,400 --> 00:28:52,079
even get that idea? Think about the insanity of that

559
00:28:52,119 --> 00:28:56,240
comment that what an unmitigated disaster free speech has been?

560
00:28:56,759 --> 00:29:01,400
How well, walk me, walk me through where how you

561
00:29:01,559 --> 00:29:04,240
come to that conclusion or what you base that statement on.

562
00:29:04,480 --> 00:29:08,839
Speaker 1: Okay, I'm going to go way deep, truly not being sarcastic.

563
00:29:09,799 --> 00:29:13,960
And so let's start with a question. And I'm not

564
00:29:15,240 --> 00:29:17,599
I'm not trying to play sophistry. I'm not doing community

565
00:29:17,640 --> 00:29:26,359
college philosophy. One to one? What is truth? Go theologically?

566
00:29:27,240 --> 00:29:32,480
Because a certain Roman empire, a representative the empire asked

567
00:29:32,480 --> 00:29:37,759
this question of the Lord Jesus, what is truth? Truth

568
00:29:37,880 --> 00:29:38,680
is not a what?

569
00:29:41,119 --> 00:29:41,200
Speaker 2: So?

570
00:29:41,400 --> 00:29:46,880
Speaker 1: Truth is a who h what I see? Party? The way.

571
00:29:46,960 --> 00:29:53,640
The truth all right, super deep. Everybody who is wanting

572
00:29:54,279 --> 00:29:57,759
free speech stomped out, You're right, wants truth stomped out.

573
00:29:59,799 --> 00:30:05,759
The truth is a entity, so a they can't win

574
00:30:05,799 --> 00:30:08,839
the battle because if you stomp out the truth, you've

575
00:30:08,880 --> 00:30:12,279
stomped out God. That won't happen. But look at every

576
00:30:12,559 --> 00:30:15,279
single one of them, to some degree or another, wants to

577
00:30:15,319 --> 00:30:19,119
set up a godhood. You have John Carey who wants

578
00:30:19,160 --> 00:30:22,680
to be the God of energy. He wants to decide

579
00:30:22,759 --> 00:30:26,400
what people eat and when. He wants to decide what

580
00:30:26,480 --> 00:30:29,319
people use in terms of the common blessings and what

581
00:30:29,359 --> 00:30:33,880
they don't. Hillary Clinton wants to be the arbitra of

582
00:30:33,920 --> 00:30:37,559
when babies die, When it's okay to murder a baby,

583
00:30:38,160 --> 00:30:41,799
she wants to be the arbitra of that. Kamala Harris

584
00:30:41,880 --> 00:30:45,160
wants to end Republican forms of democracy by never going

585
00:30:45,200 --> 00:30:47,920
through debate and seizing power, which is ungodly. That's not

586
00:30:48,000 --> 00:30:51,400
how we are to describe Christian leadership. Look at how

587
00:30:51,400 --> 00:30:53,519
the elders in the church operate. Has God set of

588
00:30:53,599 --> 00:30:56,640
church with checks and bounces. I think they don't know it,

589
00:30:57,799 --> 00:31:00,160
but I think that they're being prepped for the big,

590
00:31:00,240 --> 00:31:03,880
big fight. Against truth itself, right, and so this is

591
00:31:03,960 --> 00:31:07,799
like this this warm up period and where people give

592
00:31:07,799 --> 00:31:09,640
into this. Now I'm not talking about the power brokers,

593
00:31:09,680 --> 00:31:13,000
but I'm talking about people who fall for this. Here's

594
00:31:13,000 --> 00:31:18,759
what they're seeking. They're seeking complete immunization from being forced

595
00:31:18,880 --> 00:31:23,519
to think, yeah, okay. And when you ask someone a

596
00:31:23,640 --> 00:31:28,680
question where they're truly forced to think, sometimes they get

597
00:31:28,720 --> 00:31:33,680
really really uncomfortable. I can remember therapeutic settings where parents

598
00:31:33,839 --> 00:31:37,559
did not want to admit that their actions had harmed

599
00:31:37,599 --> 00:31:41,640
their kids. And I'm talking about a dad who left

600
00:31:41,720 --> 00:31:44,519
as family. Daughters were seven and nine years old. And

601
00:31:44,559 --> 00:31:47,000
I'm watching this in a therapeutic session, a family session,

602
00:31:47,640 --> 00:31:49,839
and he's being confronted with this, and he kept saying,

603
00:31:50,240 --> 00:31:52,440
but I was there, but I came on the weekends,

604
00:31:52,480 --> 00:31:55,839
but I And finally his little girl said, do you

605
00:31:55,960 --> 00:31:59,079
know that mom never replaced her side of the bed.

606
00:32:01,519 --> 00:32:03,759
I said, what are you talking about? She goes, she

607
00:32:04,000 --> 00:32:09,759
never ever stopped making the bed like you laidd it.

608
00:32:11,079 --> 00:32:14,400
Your alarm clock was there, The books that were there

609
00:32:14,440 --> 00:32:16,839
the night before you walked out on our family was there.

610
00:32:18,200 --> 00:32:21,559
Every time I walked into that bedroom to see my

611
00:32:21,680 --> 00:32:26,279
mom to be read to, I was reminded you didn't

612
00:32:26,359 --> 00:32:31,519
love us enough to be there reading with us. And

613
00:32:31,559 --> 00:32:35,799
this was this earth shattering moment for this man who

614
00:32:35,839 --> 00:32:38,200
was a prideful man, and he wept. He never wanted

615
00:32:38,240 --> 00:32:40,240
to hear that truth. And she said to him in

616
00:32:40,279 --> 00:32:43,119
that therapy, Zach, she said, you've never let me say

617
00:32:43,119 --> 00:32:47,119
those words to you. All right, You're only letting me

618
00:32:47,160 --> 00:32:48,799
say it because you're embarrassed to walk out of the

619
00:32:48,880 --> 00:32:52,480
room right now. M Yeah, So we live in a

620
00:32:52,519 --> 00:32:57,079
society where people have built beautiful cocoons. Everything's normal. The

621
00:32:57,119 --> 00:33:00,759
figureheads watching out for us, The mainstream media is telling

622
00:33:00,839 --> 00:33:04,240
us the truth. My kids are safe in the public schools.

623
00:33:04,720 --> 00:33:10,160
There's no sex being taught there. DEI is very very good, right,

624
00:33:10,319 --> 00:33:14,599
So I think you have people who are fighting truth unwittingly,

625
00:33:14,680 --> 00:33:17,799
the actual truth, the truth meaning God and people down

626
00:33:17,839 --> 00:33:22,000
below going. I like ice cream, and the public schools

627
00:33:22,039 --> 00:33:23,880
are very good, and they serve hot dogs on Fridays

628
00:33:23,880 --> 00:33:26,680
and my kids love the lasagna. Does that make sense?

629
00:33:27,480 --> 00:33:31,680
Speaker 4: Yeah, No, it's it's it's it's taking the blue pill,

630
00:33:31,920 --> 00:33:34,880
right like for go back to sleep and still believe

631
00:33:34,920 --> 00:33:37,880
this is stake right, Like it's it's like the matrix

632
00:33:38,000 --> 00:33:42,079
and I will never personally understand any and that's the

633
00:33:42,119 --> 00:33:44,319
issue that you know, going back to the whole free

634
00:33:44,359 --> 00:33:45,000
speech debate.

635
00:33:45,359 --> 00:33:48,799
Speaker 2: H it is just so it's so maddening to me.

636
00:33:49,160 --> 00:33:53,839
Speaker 4: Because it's just people that don't have any understanding of

637
00:33:54,039 --> 00:33:58,279
historical norms. Meaning if they're like, well, this freedom and

638
00:33:58,319 --> 00:34:00,559
you go, guys, if you don't have freedom of a speech,

639
00:34:00,640 --> 00:34:03,000
none of the other Bill of Rights even matters. It

640
00:34:03,000 --> 00:34:06,599
doesn't matter, right, If you don't have freedom of speech,

641
00:34:06,640 --> 00:34:08,800
you have no freedoms, you have no guaranteed freedoms. And

642
00:34:08,840 --> 00:34:12,400
at some point in this world people started looking at

643
00:34:12,800 --> 00:34:18,920
any cost associated with any decision, that any cost is unacceptable, right,

644
00:34:19,000 --> 00:34:23,159
rather than understanding, Look, guys, nobody ever said all of

645
00:34:23,159 --> 00:34:25,559
these freedoms in the Bill of Rights were one hundred

646
00:34:25,559 --> 00:34:27,000
percent convenient all the time.

647
00:34:27,440 --> 00:34:27,800
Speaker 2: It's not.

648
00:34:28,840 --> 00:34:33,400
Speaker 4: For instance, one of the designed in features of our

649
00:34:33,519 --> 00:34:36,800
government system is gridlock. Did the founding fathers know that

650
00:34:36,840 --> 00:34:39,480
at times that would be frustrating or that could even

651
00:34:39,559 --> 00:34:42,559
potentially be damaging to the long term interest in the

652
00:34:42,639 --> 00:34:43,280
United States?

653
00:34:43,360 --> 00:34:45,400
Speaker 2: Yes, of course they did. Do you know why they

654
00:34:45,400 --> 00:34:46,039
included it?

655
00:34:46,079 --> 00:34:49,880
Speaker 4: And I know you do it because the alternative was

656
00:34:49,960 --> 00:34:55,760
way worse, Meaning yes, we will gladly accept the costs

657
00:34:55,960 --> 00:34:59,000
or the weight that are associated with freedom, because they

658
00:34:59,039 --> 00:35:03,119
are far less punitive than the costs that are associated

659
00:35:03,599 --> 00:35:06,800
of no freedom, right, right, Like that's the thing. And

660
00:35:06,800 --> 00:35:09,239
now everybody's like, well, yeah, but they are costs associated

661
00:35:09,239 --> 00:35:11,000
with freedom, and you're like, there always has been.

662
00:35:11,440 --> 00:35:14,119
Speaker 1: Right, and they would rather have had it very very

663
00:35:14,119 --> 00:35:17,599
difficult for government to seize ultimate control by having committees

664
00:35:17,599 --> 00:35:21,400
and committees upon committees and redeciding and swing the process down,

665
00:35:21,480 --> 00:35:23,639
rather than someone being able to say, hey, kick that

666
00:35:23,679 --> 00:35:25,559
old man out of here, use the twenty fifth Amendment.

667
00:35:25,639 --> 00:35:28,000
Give the power to me. We don't need those stinking vote.

668
00:35:28,000 --> 00:35:33,440
I'm in her defending democracy. Right, that's right. There's two

669
00:35:33,480 --> 00:35:34,920
of the things I want to cover with you today.

670
00:35:34,960 --> 00:35:38,559
One of them is well, no, they're both business ish. Noo,

671
00:35:38,599 --> 00:35:42,119
they're both business. One is your beat, baby. You were

672
00:35:42,239 --> 00:35:45,199
all over the Boeing thing so early on. You don't

673
00:35:45,199 --> 00:35:46,559
get enough credit for that, so I want to give

674
00:35:46,559 --> 00:35:49,880
you credit and hear about this. They're in trouble, it

675
00:35:49,880 --> 00:35:52,800
looks like to me, but I eat no financial analysts. Plus,

676
00:35:52,920 --> 00:35:56,000
thank gosh, Merk Garland has seen the lights. He's against them.

677
00:35:56,039 --> 00:35:58,519
The money laundering and he's come out strong against the

678
00:35:58,519 --> 00:36:00,400
money launering entity. That's going to be a very very

679
00:36:00,400 --> 00:36:02,360
big deal. You drink wine, right?

680
00:36:03,280 --> 00:36:06,880
Speaker 2: Yeah? I do? All right, so not a not a lot.

681
00:36:07,679 --> 00:36:08,280
Just with kids.

682
00:36:08,320 --> 00:36:10,239
Speaker 4: I just can't drink. But I do love a good

683
00:36:10,239 --> 00:36:11,559
glass of a good cabinet.

684
00:36:11,719 --> 00:36:13,400
Speaker 1: Okay, So, like, do you drink it out of a bong?

685
00:36:13,519 --> 00:36:17,800
Or I decided to do a wine bong once. If

686
00:36:17,840 --> 00:36:19,840
you're not if you've never done a beer bong, it's

687
00:36:19,840 --> 00:36:21,639
where you take this big funnel and a big tube

688
00:36:21,679 --> 00:36:23,840
on it and then you pour it down your throat

689
00:36:23,840 --> 00:36:26,800
that bypasses the epiglodal process and goes straight into the bloodstream.

690
00:36:26,800 --> 00:36:28,920
And I'm telling you do not do this. This is

691
00:36:28,960 --> 00:36:31,480
before I knew the Lord, before we discipled. So one

692
00:36:31,559 --> 00:36:34,360
night at North Idaho College, in an effort to impress

693
00:36:34,360 --> 00:36:37,519
some girls, I decided to to do a beer bong

694
00:36:37,559 --> 00:36:38,840
with a full bottle of cabernet.

695
00:36:39,559 --> 00:36:43,519
Speaker 4: Oh yeah, that'll get you like, oh my gosh.

696
00:36:43,400 --> 00:36:45,039
Speaker 1: H Now. The reason I bring that up is we

697
00:36:45,079 --> 00:36:47,639
have a mutual friend, Tim Krookshank, founder and CEO Bone

698
00:36:47,679 --> 00:36:52,000
Frog Coffee. He has started bone Frog Sellers, so he's

699
00:36:52,079 --> 00:36:55,280
now producing wine and it has the Bone Frog logo

700
00:36:55,320 --> 00:36:58,679
on it. This is something that promotes remembering and honoring

701
00:36:58,719 --> 00:37:02,639
fallen Navy seals. Bone Frog Cellars has been in existence

702
00:37:02,719 --> 00:37:04,639
for what did we get? We had two thousand? I

703
00:37:04,679 --> 00:37:07,480
think the wine. They had a two thousand and fourteen

704
00:37:07,599 --> 00:37:10,400
or fifteen at our house. And unlike Zach, I don't

705
00:37:10,440 --> 00:37:13,360
like wine. And Tim knows this, but my wife enjoys it.

706
00:37:13,559 --> 00:37:15,440
She doesn't drink it a lot. But man, we've got

707
00:37:15,480 --> 00:37:19,719
some friends and they are really really into wine, and

708
00:37:19,760 --> 00:37:22,480
they know about it. They study it, they buy magazines

709
00:37:22,519 --> 00:37:25,840
about it, websites. They travel the world drinking wine. So

710
00:37:25,920 --> 00:37:30,159
I brought them over and I this was risky because

711
00:37:30,199 --> 00:37:32,320
if Tom didn't like the wine, Sherry didn't like the wine,

712
00:37:32,320 --> 00:37:34,400
I'd have to tell you or just say to Tim,

713
00:37:34,400 --> 00:37:36,559
I can't promote the wine. That's what I would have done, Tim,

714
00:37:36,599 --> 00:37:41,079
I can't promote the wine. They loved it. I watched Tim,

715
00:37:41,360 --> 00:37:44,840
I mean, Tom drink the mare Low first and he

716
00:37:44,880 --> 00:37:46,159
was thoughtful. Yep, it's good.

717
00:37:46,199 --> 00:37:46,360
Speaker 3: Good.

718
00:37:46,440 --> 00:37:48,599
Speaker 1: He goes. Now, these things these things change as you eat,

719
00:37:48,719 --> 00:37:51,079
really it goes. Yeah, the flavor changes, they breathe more.

720
00:37:51,719 --> 00:37:53,519
He took the second drink of than are low, and

721
00:37:53,559 --> 00:37:58,559
his face lit up and oh yeah, yeah yeah, and

722
00:37:58,599 --> 00:38:00,719
he was really excited. We'll get these. I don't know

723
00:38:00,760 --> 00:38:02,800
why the team hasn't produced this. We've had this for

724
00:38:02,840 --> 00:38:05,559
a while. He drank the Kaberde, loved the cabernet right

725
00:38:05,599 --> 00:38:09,400
off the bat. And my daughter had cooked this incredible

726
00:38:09,400 --> 00:38:12,159
meal that went with all this stuff, such good food,

727
00:38:12,639 --> 00:38:15,800
peeda bread and homemade hummus and all sorts of things.

728
00:38:16,599 --> 00:38:19,000
And then Tom said the most wild thing. He goes,

729
00:38:19,000 --> 00:38:20,760
you know what, I actually liked them are a little better,

730
00:38:21,480 --> 00:38:23,840
and that's weird for him. He's a cabernet guy. So

731
00:38:23,880 --> 00:38:26,800
you can try this wine and of course help us

732
00:38:26,880 --> 00:38:29,480
raise money for the Navy Seal Foundation for the families

733
00:38:29,480 --> 00:38:32,840
have fallen Navy seals. Go to Bonefrogsellars dot com, slash

734
00:38:32,920 --> 00:38:35,679
Todd and get ten percent off there. Enjoy the wine.

735
00:38:35,719 --> 00:38:37,119
Let me know what you think of it, since I

736
00:38:37,119 --> 00:38:41,400
don't drink wine. Bonefrogsellers dot Com, sash Todd, so zach

737
00:38:42,159 --> 00:38:47,480
real Quick td Bank is man. They're getting buried a

738
00:38:47,719 --> 00:38:51,599
three billion dollar settlement with the youth authorities because their

739
00:38:51,679 --> 00:38:54,599
lax practices allowed significant money laundering. How are they ever

740
00:38:54,639 --> 00:38:56,599
going to recover from three billion dollars. I mean that's

741
00:38:56,639 --> 00:38:59,800
got to be carried interest for up to a weekend?

742
00:39:00,079 --> 00:39:02,239
Am I wrong? I mean, no, you're not.

743
00:39:02,679 --> 00:39:06,480
Speaker 4: And I'm interested to see how this plays out because

744
00:39:07,559 --> 00:39:13,039
he the Amritrade was purchased by Schwab, and so I

745
00:39:13,079 --> 00:39:16,000
don't know. I don't know if TD Bank was if

746
00:39:16,039 --> 00:39:19,760
they separated that entity out. I thought the whole apparatus

747
00:39:19,800 --> 00:39:22,360
was purchased by Schwab, which what I think would make

748
00:39:22,400 --> 00:39:24,559
Schwab liable for that three billion dollar hit.

749
00:39:24,920 --> 00:39:26,639
Speaker 2: But uh, yeah, it.

750
00:39:28,559 --> 00:39:30,760
Speaker 1: This is like you're me getting a three dollar parking ticket.

751
00:39:31,360 --> 00:39:36,119
Speaker 4: Yeah, yeah, Yeah, It's not a big deal. I'm sure

752
00:39:36,159 --> 00:39:38,119
there'll be some appeals.

753
00:39:39,320 --> 00:39:42,159
Speaker 1: Some lawyers will get paid more money, yeah.

754
00:39:41,960 --> 00:39:43,440
Speaker 4: And I'm sure they'll be able to string out the

755
00:39:43,480 --> 00:39:46,360
payments and have a flexible way of paying it out.

756
00:39:46,440 --> 00:39:48,440
This is not going to be a This is not

757
00:39:48,480 --> 00:39:50,679
going to be a game changer in a negative way

758
00:39:50,719 --> 00:39:52,880
for TD Bank or Schwab or anybody like that.

759
00:39:53,000 --> 00:39:55,360
Speaker 1: Yeah. But I'm just relieved to see that Mark Garland. Man,

760
00:39:55,360 --> 00:39:57,639
he's waking up to that money laundering and this has

761
00:39:57,679 --> 00:40:00,159
got to be the only instance he's aware of. I

762
00:40:00,199 --> 00:40:02,119
was kind of brainswimming before the show, and I was

763
00:40:02,119 --> 00:40:10,639
thinking other than you know, Ukraine, the money through the

764
00:40:10,679 --> 00:40:16,559
pharma companies for the flu, the kickbacks to colleges and universities,

765
00:40:18,239 --> 00:40:21,920
the money laundering through uh political you know packs and

766
00:40:21,960 --> 00:40:26,840
paying people's cousins and the Biden family, all the normal stuff, right,

767
00:40:26,880 --> 00:40:29,079
I mean other than that, it's it's difficult to think of,

768
00:40:29,920 --> 00:40:32,320
you know, any money laundering that that might be going on.

769
00:40:35,000 --> 00:40:36,760
Speaker 2: Well, what he means.

770
00:40:36,719 --> 00:40:40,760
Speaker 4: Is that there were several securities accounts that made contributions

771
00:40:40,800 --> 00:40:42,400
to Trump campaigns MM.

772
00:40:43,760 --> 00:40:46,199
Speaker 1: And they had that money laundering.

773
00:40:46,639 --> 00:40:48,039
Speaker 2: Yeah, that stuff, right.

774
00:40:48,440 --> 00:40:50,559
Speaker 1: I would like to start a business called money laundering

775
00:40:50,599 --> 00:40:52,519
and can see how long it could last, and and

776
00:40:53,079 --> 00:40:54,840
see if you could just set that up and actually

777
00:40:54,960 --> 00:40:56,559
have people coming and go what is money larnering? You're

778
00:40:56,559 --> 00:41:02,079
bringing your cash, probably get some calls from some congressional

779
00:41:02,159 --> 00:41:03,159
offices offering.

780
00:41:02,920 --> 00:41:05,239
Speaker 2: To be on the board. They'd be like, hey, we

781
00:41:05,280 --> 00:41:07,280
want to help out. Like the work you're doing, You're

782
00:41:07,280 --> 00:41:08,079
doing good work.

783
00:41:08,199 --> 00:41:10,840
Speaker 1: Yeah. There was a company that bought one of my

784
00:41:10,920 --> 00:41:15,320
companies called Loud. I bought my internet radio company, and

785
00:41:15,480 --> 00:41:17,480
I was doing a tour with one of their executives

786
00:41:17,559 --> 00:41:20,320
and their original claim to fame was this. You would

787
00:41:20,320 --> 00:41:23,559
send in your CDs and they would digitize them for you.

788
00:41:24,719 --> 00:41:27,480
So this is before, right before anyone had access to this.

789
00:41:27,519 --> 00:41:30,519
And Martin had a plan. He's Tobias. He's a smart,

790
00:41:30,599 --> 00:41:33,119
very clever, actually very friendly man, lives now out where

791
00:41:33,159 --> 00:41:36,480
I do, and so it was going to grow over time.

792
00:41:36,519 --> 00:41:38,480
He had a vision. But I went and took a

793
00:41:38,519 --> 00:41:41,920
tour one day and I was talking to other engineers.

794
00:41:41,960 --> 00:41:45,280
I said, so, do you want me to believe that

795
00:41:45,360 --> 00:41:50,000
you actually digitize all the CDs? This is what do

796
00:41:50,039 --> 00:41:51,880
you mean? I go, like, if I send in my

797
00:41:51,960 --> 00:41:56,719
Aerosmith collection, because I've got all the Aerosmith CDs all,

798
00:41:56,960 --> 00:41:59,559
like even the bootleg ones, and I send that in.

799
00:42:00,559 --> 00:42:03,159
Other people have sent in Aerosmith CDs the same ones.

800
00:42:04,280 --> 00:42:06,920
Am I to believe that you actually pay the laborers

801
00:42:07,199 --> 00:42:08,400
to open up my CDs?

802
00:42:08,599 --> 00:42:10,320
Speaker 2: You don't just pull up the old file and send.

803
00:42:10,159 --> 00:42:13,039
Speaker 1: It to me, right? And the look at his face

804
00:42:13,119 --> 00:42:17,119
is he just went utterly pale. I go, oh am

805
00:42:17,239 --> 00:42:20,239
the other one? Am I the only one who's ever

806
00:42:20,280 --> 00:42:23,079
figured that out? And the record companies were pretending this

807
00:42:23,119 --> 00:42:25,559
is what they were doing. It was music laundering. Basically

808
00:42:25,639 --> 00:42:30,920
music laundering all right, let me ask you about Boeing.

809
00:42:32,280 --> 00:42:37,719
So hold on, Just when I said Boeing, I thought

810
00:42:37,719 --> 00:42:40,199
I heard a rifle.

811
00:42:41,440 --> 00:42:44,159
Speaker 2: Yeah, you gotta be yeah, i'd be checking jact.

812
00:42:44,159 --> 00:42:44,960
Speaker 1: There's a red dot.

813
00:42:45,800 --> 00:42:48,360
Speaker 2: Yeah, you're gonna want to that on your forehead.

814
00:42:50,400 --> 00:42:53,519
Speaker 1: We might get unalived. So here's the headline. I saw.

815
00:42:54,960 --> 00:42:59,960
Boeing is desperate for liquidity, files a twenty five BILLI

816
00:43:00,000 --> 00:43:04,599
million dollar shelf registration. So I'm looking at Boeing, and

817
00:43:04,639 --> 00:43:09,480
if I understand this correctly, Zach, they purchased McDonald douglas right, yep.

818
00:43:09,679 --> 00:43:13,159
That makes them the biggest aerospace company in the world.

819
00:43:13,280 --> 00:43:18,639
They're producing money hand over fist with software, with hardware

820
00:43:18,800 --> 00:43:22,039
in Ukraine, and then we're funding both sides of the

821
00:43:22,039 --> 00:43:25,360
war between Hamas and Israel, even though we've sent troops

822
00:43:25,360 --> 00:43:27,800
into Israel, and God protect those troops because they're being

823
00:43:27,800 --> 00:43:32,119
targeted by missile systems we bought for Iran, that is

824
00:43:32,119 --> 00:43:38,519
Hamas yep. And Boeing finds itself short on capital liquidity,

825
00:43:38,559 --> 00:43:42,320
They find themselves short in liquidity. That's a lot like

826
00:43:42,400 --> 00:43:46,199
Paul McCartney, who's worth one point sixty four billion dollars

827
00:43:46,679 --> 00:43:47,880
saying kind of bumma smoke.

828
00:43:49,400 --> 00:43:51,639
Speaker 2: Yeah, well it is, but it isn't.

829
00:43:51,679 --> 00:43:53,559
Speaker 4: And this is one of the reasons that we were

830
00:43:53,599 --> 00:43:57,239
taught that we were so vociferously telling people when Jim

831
00:43:57,320 --> 00:43:58,960
Kramer came out at the end of COVID and was

832
00:43:58,960 --> 00:44:01,400
saying that Boeing was his favorite reopening stock. And I

833
00:44:01,400 --> 00:44:05,039
don't mean that to keep panning on Jim, But what

834
00:44:05,119 --> 00:44:08,639
we were making arguments to people is, hey, look, regardless

835
00:44:08,679 --> 00:44:11,599
of whether good or bad things happen here, there are

836
00:44:11,639 --> 00:44:14,800
going to have to be decisions made down the path

837
00:44:15,400 --> 00:44:20,760
that are decidedly bad for shareholders, okay, And one of

838
00:44:20,800 --> 00:44:26,360
them was that somehow, in some way Boeing was going

839
00:44:26,400 --> 00:44:29,280
to have to undo a lot of the stock repurchases

840
00:44:29,360 --> 00:44:33,000
that they had made between the between the years of

841
00:44:33,280 --> 00:44:38,159
let's call it twenty thirteen to twenty eighteen. And so

842
00:44:38,440 --> 00:44:41,440
what we looked at was we just saw everywhere we

843
00:44:41,480 --> 00:44:45,800
looked in their business. First of all, the margins that

844
00:44:45,960 --> 00:44:49,159
drove them to their record high stock price were not real.

845
00:44:49,280 --> 00:44:52,639
Those margins were not real. What we found out, what

846
00:44:52,679 --> 00:44:55,000
we were making an argument at the time was is

847
00:44:55,039 --> 00:44:56,920
that those margins are not real.

848
00:44:57,000 --> 00:44:59,559
Speaker 2: Right now that those are those margins.

849
00:44:59,159 --> 00:45:02,840
Speaker 4: Exist the way they because of deferred cost meaning they're

850
00:45:02,920 --> 00:45:05,639
not paying the full freight to make the airplane, right,

851
00:45:05,639 --> 00:45:07,880
they're hiding these costs and they're just pushing these costs

852
00:45:07,880 --> 00:45:12,000
out and deferring them. So and then we said, okay,

853
00:45:12,079 --> 00:45:14,239
then we look at every segment of their business. It's

854
00:45:14,280 --> 00:45:17,559
going to get more expensive, not less expensive. Right with

855
00:45:17,639 --> 00:45:20,960
the brain drain, bigger client turnover, all of that has happened.

856
00:45:21,039 --> 00:45:22,840
Unions are going to want more pay All of that

857
00:45:22,920 --> 00:45:26,039
has happened. And then you had the issue of to

858
00:45:26,079 --> 00:45:28,039
get through the whole COVID mess, they had to take

859
00:45:28,079 --> 00:45:30,920
on an additional if I remember correctly, thirty five to

860
00:45:30,960 --> 00:45:33,480
forty billion in debt. And so you look at the

861
00:45:33,519 --> 00:45:35,960
debt servicing costs of that, you looked at the repaying

862
00:45:35,960 --> 00:45:38,159
of it. And that's why I told people, I go, look,

863
00:45:38,199 --> 00:45:40,679
I don't think Boeing is in any risk of going

864
00:45:40,760 --> 00:45:43,840
under per se, but what I know is that people

865
00:45:43,880 --> 00:45:46,119
are going to continue to look at the previous highs

866
00:45:46,119 --> 00:45:48,639
it was at and think how can it get back there?

867
00:45:48,880 --> 00:45:51,119
What I will tell you is that it's not getting

868
00:45:51,159 --> 00:45:56,039
back there any time, you know, for some time in

869
00:45:56,079 --> 00:45:58,639
the future, because it never should have been there in

870
00:45:58,639 --> 00:46:01,400
the first place. It wasn't It wasn't that valuable. That

871
00:46:01,519 --> 00:46:04,000
was a perception that the market had, which has been

872
00:46:04,039 --> 00:46:05,199
proven to be incorrect.

873
00:46:05,639 --> 00:46:08,239
Speaker 2: So you look at every part of their business. It's

874
00:46:08,239 --> 00:46:08,920
more expensive.

875
00:46:08,960 --> 00:46:11,000
Speaker 4: They still have the debt on the balance sheet from

876
00:46:11,039 --> 00:46:13,840
the whole COVID issue, and that's this, that's what this

877
00:46:13,880 --> 00:46:16,800
thing is all about. And in a way, it's sort

878
00:46:16,840 --> 00:46:20,039
of a good step for Boeing because if you notice,

879
00:46:20,320 --> 00:46:23,960
part of this deal includes them by selling stock. Okay,

880
00:46:24,000 --> 00:46:29,280
So really good issue for investors to understand. I was

881
00:46:29,320 --> 00:46:33,320
saying back in twenty seventeen, twenty eighteen that I thought

882
00:46:33,360 --> 00:46:37,400
it was the height of corporate irresponsibly, the height of

883
00:46:37,480 --> 00:46:41,440
misgovernance on a corporate level, and idiocy for Boeing to

884
00:46:41,480 --> 00:46:44,000
be buying back their stock. And I had so many people,

885
00:46:44,159 --> 00:46:46,400
so many shareholders look at me and go, well, what's

886
00:46:46,480 --> 00:46:48,800
your problem that helps shareholders? Why do you want to

887
00:46:48,800 --> 00:46:50,920
buy back stock? And I go, because you've got an

888
00:46:50,960 --> 00:47:00,519
industrial corporation, Okay, that is extraordinarily mature, extraordinarily bureaucratic, and

889
00:47:01,119 --> 00:47:05,840
they're buying back stock at the highest valuation the company's ever.

890
00:47:05,760 --> 00:47:07,840
Speaker 2: Traded at in forty years, okay.

891
00:47:08,440 --> 00:47:10,719
Speaker 4: And we were sitting there saying, if you want to,

892
00:47:10,920 --> 00:47:14,639
if you want to tell me how ridiculously irresponsible a

893
00:47:14,719 --> 00:47:18,280
CEO is, show me that, right. And why were we

894
00:47:18,360 --> 00:47:22,280
saying that because we knew that at some point down

895
00:47:22,360 --> 00:47:26,960
the road that stock you purchased right that you purchased

896
00:47:27,000 --> 00:47:30,400
for that ridiculous price, you could be buying shares right

897
00:47:30,440 --> 00:47:33,480
now for one fourth the price that they were buying

898
00:47:33,480 --> 00:47:36,360
them at in twenty seven, twenty eighteen, which means what

899
00:47:36,840 --> 00:47:40,519
that each dollar they dedicated in stock buybacks would buy

900
00:47:40,559 --> 00:47:42,000
them four times as much stock.

901
00:47:42,239 --> 00:47:47,320
Speaker 1: Okay, they have to know there's a third shoe, because

902
00:47:47,360 --> 00:47:49,559
we had no look look of this. We had those

903
00:47:49,639 --> 00:47:52,840
crashes that the engineers said, you know these planes are

904
00:47:52,840 --> 00:47:55,480
going to crash, right, yeah, I mean you know that

905
00:47:55,519 --> 00:47:57,880
you have monkeyed these planes together and taped them together,

906
00:47:57,920 --> 00:47:59,360
and these planes are not going to work. You know,

907
00:47:59,400 --> 00:48:01,960
you're not training the pilots. We had the two crashes,

908
00:48:02,400 --> 00:48:07,480
We had the whistleblowers who got unlived, both got unlived.

909
00:48:08,719 --> 00:48:15,039
We have a actual criminal investigation now actually proceeding against

910
00:48:15,079 --> 00:48:18,480
go Boying. We have fines, we have them, and you

911
00:48:18,880 --> 00:48:21,880
gave the great case of for instance, they decided that

912
00:48:21,920 --> 00:48:25,559
they don't need roofs right, if they're huge manufacturing facilities,

913
00:48:25,760 --> 00:48:27,519
we don't really need roofs. Let's let's put off the

914
00:48:27,599 --> 00:48:30,920
roof maintenance and have that as a deferred cost. So

915
00:48:31,000 --> 00:48:35,519
they bought their shares when they knew they were at

916
00:48:35,639 --> 00:48:39,719
risk of a criminal investigation. They knew about these crashes,

917
00:48:39,840 --> 00:48:42,000
they knew there was going to be lawsuits all over

918
00:48:42,000 --> 00:48:44,480
the place for multiple, multiple different jurisdictions.

919
00:48:44,599 --> 00:48:45,519
Speaker 2: I don't think they knew.

920
00:48:45,960 --> 00:48:48,840
Speaker 1: You think they're that you actually think and I'm not,

921
00:48:49,039 --> 00:48:52,679
I'm not. I trust you. You know this. People can

922
00:48:52,760 --> 00:48:56,280
be CEOs and that stupid.

923
00:48:57,079 --> 00:49:03,880
Speaker 4: It's not that stupid, it's that delusional. Right, Yeah, things

924
00:49:03,880 --> 00:49:07,599
have gone too good for too long. Every single every

925
00:49:07,639 --> 00:49:11,159
single rock they've flipped over in their career. We you

926
00:49:11,239 --> 00:49:14,320
and I know these people, and and and I've told

927
00:49:14,400 --> 00:49:16,800
young people before, one of the worst things that can

928
00:49:16,840 --> 00:49:19,599
happen to you is that you get success.

929
00:49:19,239 --> 00:49:21,159
Speaker 2: Right out of the gate and whatever it is you do,

930
00:49:21,639 --> 00:49:22,360
because it.

931
00:49:22,440 --> 00:49:24,800
Speaker 4: Just it gives you a false sense of ability, It

932
00:49:24,840 --> 00:49:28,840
gives you a false sense of value. In the investment world,

933
00:49:28,920 --> 00:49:31,679
that can actually be very dangerous. And I've heard several

934
00:49:31,760 --> 00:49:34,920
very accomplished investors talk about this that their first eight

935
00:49:34,960 --> 00:49:36,639
or nine years in the business, were just in a

936
00:49:36,679 --> 00:49:40,039
bull market and they just thought things worked a certain

937
00:49:40,079 --> 00:49:42,320
way and they were killing it, and then all of

938
00:49:42,360 --> 00:49:44,360
a sudden they hit a rough market and it just

939
00:49:44,639 --> 00:49:48,599
rocked them. Right, So I think that's a big part

940
00:49:48,639 --> 00:49:52,880
to do. I think it also points to the complete

941
00:49:53,239 --> 00:50:00,119
I think it points to how delicate, otherwise robust and

942
00:50:00,199 --> 00:50:06,159
tough and rigorous economies and companies can can. Bureaucracy eats

943
00:50:06,199 --> 00:50:07,360
things from the inside out.

944
00:50:07,639 --> 00:50:07,840
Speaker 2: Right.

945
00:50:07,880 --> 00:50:11,000
Speaker 4: It allows people that are great at climbing the ladder

946
00:50:11,199 --> 00:50:14,119
but may have very little to absolutely no ability to

947
00:50:14,199 --> 00:50:16,719
run a corporation, but they just happen to be an

948
00:50:16,760 --> 00:50:20,440
all pro when it comes to kissing backsides, right or whatever, right,

949
00:50:20,519 --> 00:50:24,639
whatever makes them Because to thrive in a bureaucratic environment

950
00:50:24,840 --> 00:50:27,760
has nothing to do with your output or your talent, right,

951
00:50:28,159 --> 00:50:32,159
it can. It has abilities. But people always assume, Oh,

952
00:50:32,239 --> 00:50:35,360
he must be the brightest guy because he's CEO. You're like, no,

953
00:50:35,679 --> 00:50:39,119
it usually means he's the best with a switch point. Right,

954
00:50:39,599 --> 00:50:41,679
he's the best at he's the best at stabbing people

955
00:50:41,760 --> 00:50:43,880
in the back and right, that's usually what it means.

956
00:50:43,880 --> 00:50:48,559
Speaker 1: Man, If people don't understand that reality, the corporate backstabbing

957
00:50:48,559 --> 00:50:51,320
if they've never seen it happen. It is so much

958
00:50:51,400 --> 00:50:52,480
like the show Survivor.

959
00:50:53,320 --> 00:50:55,440
Speaker 2: Yeah. Yeah, Oh that's such a good point.

960
00:50:55,519 --> 00:50:58,480
Speaker 1: Yeah, it truly, truly is. I'm going to share with

961
00:50:58,519 --> 00:51:02,719
you a respet I offered once to the most remarkable

962
00:51:02,760 --> 00:51:05,440
case of well, let's know, the second most remarkable case

963
00:51:05,440 --> 00:51:07,840
of corporate backstabbing I ever saw. I shared one the

964
00:51:07,840 --> 00:51:09,440
other day about the internet radio days. I'm going to

965
00:51:09,440 --> 00:51:11,639
show you a Microsoft story. I want you to think

966
00:51:11,639 --> 00:51:15,000
of one that you've seen or witnessed, and we'll talk

967
00:51:15,000 --> 00:51:17,280
about that in a second. With Zach Abraham, Chief Investments

968
00:51:17,280 --> 00:51:20,880
for Bulwark Capital Management. We're talking here about some companies

969
00:51:21,079 --> 00:51:23,639
involved in the skullduggery big companies. Let me offer you

970
00:51:23,679 --> 00:51:26,480
a small, tiny, little company that's almost too small for

971
00:51:26,519 --> 00:51:28,840
you to notice, except they're so so good at what

972
00:51:28,880 --> 00:51:32,800
they do, and they only really matter because they're dear friends,

973
00:51:33,400 --> 00:51:35,440
and they only really matter because they really do do

974
00:51:35,480 --> 00:51:38,519
God's work, and they only really matter because all lives

975
00:51:38,519 --> 00:51:41,320
matter to them, And they only really matter because they

976
00:51:41,360 --> 00:51:43,239
make an excellent form of a product that you're going

977
00:51:43,239 --> 00:51:45,599
to use for the rest of your life, unless you

978
00:51:45,760 --> 00:51:48,519
choose to have bacteria grow in your skin, in which

979
00:51:48,519 --> 00:51:51,119
case it'll get itchy and eventually you start scratching your

980
00:51:51,119 --> 00:51:53,920
skin and end up with welts which you become infected

981
00:51:53,960 --> 00:51:56,760
and then puss filled. Then you'll stink like rotting pus.

982
00:51:58,440 --> 00:52:02,559
So that's one option. The product is soap, so you

983
00:52:02,599 --> 00:52:06,079
want to stay hygienic, and the company's Alan Soaps, one

984
00:52:06,119 --> 00:52:08,400
hundred percent natural, made in America by a family of

985
00:52:08,440 --> 00:52:11,840
three generations of soap making expertise, by the way, and

986
00:52:12,239 --> 00:52:16,280
they hire people who the party Kamala Harris and others

987
00:52:16,360 --> 00:52:20,320
would say abort him. Well he's thirteen, yeah, but still

988
00:52:21,519 --> 00:52:24,639
but still, I mean that's what medical ethicists is just saying,

989
00:52:24,639 --> 00:52:28,440
he's not. Really, he's a brilliant kid. He's just nonverbal

990
00:52:29,159 --> 00:52:31,559
with autism, and he's been through eighteen operations because the

991
00:52:31,559 --> 00:52:34,519
structure health concerns. His brother Ian works there now fruitfully.

992
00:52:35,039 --> 00:52:37,599
They have hired a young woman who got autism late

993
00:52:37,639 --> 00:52:41,760
in life. You imagine heartbreaking that is now to have

994
00:52:41,880 --> 00:52:46,239
been supposedly limited. She's thriving there, helping with social media

995
00:52:46,320 --> 00:52:49,639
other things. Very good, very good to see. Or you

996
00:52:49,679 --> 00:52:52,280
could continue to buy companies soap from big companies that

997
00:52:52,320 --> 00:52:54,920
simply don't care to Seeri's a number, So I mean,

998
00:52:54,960 --> 00:52:57,480
Allen's is too small to matter, except they matter so much.

999
00:52:57,800 --> 00:52:59,719
Go to Alan Soaps dot com slash Todd. You get

1000
00:52:59,719 --> 00:53:04,039
temper off all their products there. It's Allanssoaps dot com,

1001
00:53:04,079 --> 00:53:07,239
sash Todd. Zach Cabram's with me. I'll go first, corporate

1002
00:53:07,239 --> 00:53:11,840
skuldug Rey so Zach. I'm in my office at Microsoft

1003
00:53:12,320 --> 00:53:15,360
and I get a phone. I get an email, fevered

1004
00:53:15,400 --> 00:53:18,519
email from my boss, Hey can you pop into? And

1005
00:53:18,519 --> 00:53:20,360
I don't remember the conference room. It was Red West

1006
00:53:20,400 --> 00:53:22,519
c it was on the third floor. Can you pop

1007
00:53:22,559 --> 00:53:25,039
in real quick? And I wrote back and said, hey,

1008
00:53:25,119 --> 00:53:28,400
doing something. He goes probly one. I said, hey, like

1009
00:53:28,440 --> 00:53:30,199
I'm on a phone call that I get the prize zero,

1010
00:53:30,880 --> 00:53:33,159
which is priory zero. This is bigger than anything, so

1011
00:53:33,280 --> 00:53:35,719
come in here. So I go into the conference room

1012
00:53:35,760 --> 00:53:41,199
and I sit down and on the screen is on

1013
00:53:41,239 --> 00:53:44,760
the screen or on the whiteboard, and the screen is

1014
00:53:44,880 --> 00:53:48,639
a presentation from something I wrote. And it was a

1015
00:53:48,679 --> 00:53:53,239
plan I wrote, and my boss was presenting it as

1016
00:53:53,400 --> 00:53:56,719
his and the entire room had been listening. He was

1017
00:53:57,119 --> 00:54:01,119
posing as if it was his plan, and so he said,

1018
00:54:01,199 --> 00:54:05,239
I'd asked my chief strategies to come in. He actually

1019
00:54:05,239 --> 00:54:07,800
had a lot to do with this, so I just

1020
00:54:07,880 --> 00:54:10,000
wanted to get his opinion on this. I had some

1021
00:54:10,079 --> 00:54:13,119
questions about the finances and then some of the legalities. Hey, Tom,

1022
00:54:13,199 --> 00:54:17,400
can you dress these things? Here's what I do? Oh wow, Rob,

1023
00:54:17,400 --> 00:54:18,920
you're giving me way too much credit. I didn't have

1024
00:54:18,960 --> 00:54:23,960
anything to do with this. He goes, no, No, don't

1025
00:54:24,159 --> 00:54:25,920
be humble, dude. I mean you, you had a lot

1026
00:54:25,960 --> 00:54:27,840
to do with this, Rob, this is all your work, man.

1027
00:54:30,480 --> 00:54:32,679
I don't I don't think I can be helpful. I'm

1028
00:54:32,679 --> 00:54:36,800
so sorry. I'm kind of lost. And the look on

1029
00:54:36,880 --> 00:54:42,159
his face he turned red from toe to head, rage sweat,

1030
00:54:44,239 --> 00:54:45,360
and I finally said.

1031
00:54:45,119 --> 00:54:47,599
Speaker 2: Well, what did he think your response was going to be?

1032
00:54:47,679 --> 00:54:49,360
Thanks for?

1033
00:54:49,519 --> 00:54:50,679
Speaker 1: He thought I was just gonna play ball.

1034
00:54:52,159 --> 00:54:54,000
Speaker 2: Wow, boy, he didn't really know you that well.

1035
00:54:55,400 --> 00:54:59,239
Speaker 1: So I said this. I said, well, just looking at

1036
00:54:59,280 --> 00:55:03,639
the screen, just guessing, And I laid out a few

1037
00:55:03,639 --> 00:55:06,920
facts that I knew he didn't know, talking about the

1038
00:55:07,039 --> 00:55:11,360
RIAA and National Association Broadcasters and some legalities and some

1039
00:55:11,400 --> 00:55:17,760
financial detail. But I'm guessing. So the meeting leaves or

1040
00:55:17,760 --> 00:55:20,639
the meeting breaks up. I leave and a senior vice

1041
00:55:20,679 --> 00:55:26,599
president backs me to the wall in the kitchen and

1042
00:55:26,719 --> 00:55:30,760
he goes He turns around and goes, hey, I saw that.

1043
00:55:32,519 --> 00:55:32,800
Speaker 3: It's like.

1044
00:55:35,239 --> 00:55:41,239
Speaker 1: Beautiful, that was beautiful. Everybody knew that was yours. I go,

1045
00:55:41,320 --> 00:55:44,400
how did they know that, Todd, You're the only person

1046
00:55:44,440 --> 00:55:46,719
in the world who would name a strategic plan. Don't

1047
00:55:46,719 --> 00:55:52,599
be food. Everybody knew this was yours and that was

1048
00:55:52,760 --> 00:55:53,840
beautifully handled.

1049
00:55:55,119 --> 00:55:55,920
Speaker 2: That's hilarious.

1050
00:55:56,519 --> 00:56:02,480
Speaker 1: Get this. He got me capped. No, he justly got

1051
00:56:02,519 --> 00:56:06,880
moved out. He did some bad things, sexual things with

1052
00:56:07,400 --> 00:56:10,320
under I mean with younger women who were not his

1053
00:56:10,360 --> 00:56:13,599
wife and worked for him. So they put him on

1054
00:56:13,920 --> 00:56:15,760
the beach for a little while, just him. He couldn't

1055
00:56:15,760 --> 00:56:17,800
have direct reports. He couldn't even have his ADMIN because

1056
00:56:17,800 --> 00:56:20,880
she was female. So he's going through this retraining process.

1057
00:56:21,400 --> 00:56:26,840
The first person who wanted to hire was me. Why, Okay,

1058
00:56:26,920 --> 00:56:31,559
so I'm creative, I'm goofy, I don't know what I'm doing.

1059
00:56:31,599 --> 00:56:34,880
Therefore I think of unique plans. But you know what

1060
00:56:34,920 --> 00:56:38,880
it was, It was that moment. It was going into

1061
00:56:38,880 --> 00:56:41,880
that meeting and icing my boss with kindness.

1062
00:56:42,199 --> 00:56:43,920
Speaker 2: Yeah right, yeah.

1063
00:56:43,519 --> 00:56:46,480
Speaker 1: So you give me one that you've seen this, this

1064
00:56:47,119 --> 00:56:49,199
knife wielding, and you don't have to make it personal.

1065
00:56:49,199 --> 00:56:51,400
Maybe you could make it from WKRP in Cincinnati, just

1066
00:56:51,440 --> 00:56:53,599
pretend it was you, maybe it was actually Venus fly Trap.

1067
00:56:54,480 --> 00:56:59,480
Speaker 4: Oh man, I've seen so many of them. I mean,

1068
00:56:59,519 --> 00:57:02,000
thank god that was Some of those experiences are what

1069
00:57:02,039 --> 00:57:03,599
convinced me that I was never going to make it

1070
00:57:03,599 --> 00:57:05,199
in the corporate world just because.

1071
00:57:05,760 --> 00:57:08,480
Speaker 2: I you know, I just I'm not cut out that way.

1072
00:57:08,840 --> 00:57:13,679
Speaker 4: Uh you know, I'm somebody that for for and you know,

1073
00:57:13,719 --> 00:57:15,840
I think people say this and it sounds romantic and fun,

1074
00:57:15,880 --> 00:57:18,119
but but you know, sometimes it's not right.

1075
00:57:18,159 --> 00:57:19,480
Speaker 2: There's the downside to it.

1076
00:57:19,840 --> 00:57:22,960
Speaker 4: But I'm just one of those people where if there's

1077
00:57:23,000 --> 00:57:25,519
no music, you're not going to see me dancing, and like,

1078
00:57:25,599 --> 00:57:27,800
I'm not you know, if it's not true, I'm not

1079
00:57:27,840 --> 00:57:30,039
going to say it is, you know, so, but I

1080
00:57:30,079 --> 00:57:35,280
mean callss caullless situations like that where you know, where

1081
00:57:35,280 --> 00:57:37,880
you'd be in a meeting and you'd hear somebody advocating

1082
00:57:37,920 --> 00:57:43,280
something and then the minute that they'd get pushed back

1083
00:57:43,320 --> 00:57:46,880
from somebody else immediately became not their idea and.

1084
00:57:46,880 --> 00:57:48,360
Speaker 2: They lost somebody else.

1085
00:57:48,519 --> 00:57:50,000
Speaker 4: You know what I mean, Where you you'd I mean

1086
00:57:50,039 --> 00:57:53,119
that you'd see that on a weekly But it's right, well,

1087
00:57:53,199 --> 00:57:55,239
I mean, I agree with you.

1088
00:57:55,519 --> 00:57:59,119
Speaker 1: But Jim that that was right, right, right?

1089
00:57:59,199 --> 00:58:01,360
Speaker 2: That was gimsu I agree with you.

1090
00:58:01,559 --> 00:58:04,480
Speaker 4: Meanwhile, twenty minutes before walking into the meeting, Oh he's

1091
00:58:04,559 --> 00:58:08,360
gonna love this, you know, there's gonna love it. Yeah,

1092
00:58:09,039 --> 00:58:12,960
just that kind of stuff. Let me some other ones.

1093
00:58:15,159 --> 00:58:20,320
The I was an interesting perspective to be able to

1094
00:58:20,360 --> 00:58:25,320
watch some funds that blew up uh in O eight

1095
00:58:25,320 --> 00:58:28,519
O nine of the financial and I and when I

1096
00:58:28,559 --> 00:58:31,599
say it was it was advantageous to see it and

1097
00:58:31,800 --> 00:58:34,360
experience it, to see that side of it. It was

1098
00:58:34,400 --> 00:58:38,800
not a fun experience for everybody involved, but watching watching

1099
00:58:38,920 --> 00:58:42,360
everybody just pull away from those messes. And it was

1100
00:58:42,400 --> 00:58:47,800
nobody's fault, right, There was nobody taking the buck. There

1101
00:58:47,880 --> 00:58:50,679
was no the buck stops here everybody. I mean, it

1102
00:58:51,000 --> 00:58:54,000
was so reminiscent of the whole idea success has many fathers,

1103
00:58:54,000 --> 00:58:56,760
but failure as an orphan. Yeah, I mean that failure,

1104
00:58:57,039 --> 00:58:59,480
That failure was got left in the alley, you know

1105
00:58:59,519 --> 00:59:00,000
what I mean.

1106
00:58:59,880 --> 00:59:03,039
Speaker 1: Like they couldn't find the person who signed a thing. No,

1107
00:59:03,519 --> 00:59:04,920
we don't know, no.

1108
00:59:05,199 --> 00:59:07,840
Speaker 4: And what's funny is that nobody really had an incentive

1109
00:59:07,840 --> 00:59:09,679
to hold anybody's feet to the fire because they didn't

1110
00:59:09,679 --> 00:59:12,000
want their help with the fire. Right, it was like

1111
00:59:12,039 --> 00:59:15,039
this mutually agreed upon like lays a fair attitude where

1112
00:59:15,039 --> 00:59:16,639
we're not going to really have real oversight.

1113
00:59:16,760 --> 00:59:18,719
Speaker 2: Yeah, and no one's going to be held accountable because

1114
00:59:18,719 --> 00:59:19,800
none of us benefit from it.

1115
00:59:20,119 --> 00:59:22,599
Speaker 1: So yeah, we at least they have Washington d c.

1116
00:59:22,760 --> 00:59:25,000
To turn two for full and complete accountability. We can

1117
00:59:25,039 --> 00:59:25,800
always count on that.

1118
00:59:26,119 --> 00:59:26,280
Speaker 2: Right.

1119
00:59:26,519 --> 00:59:30,239
Speaker 1: Absolutely great to have you here, my friends. Wise Council

1120
00:59:30,320 --> 00:59:33,559
Day Friday with Zach Abraham. We'll talk to you next week.

1121
00:59:33,639 --> 00:59:35,400
Say how to your lovely family. We miss you out

1122
00:59:35,440 --> 00:59:37,440
here in the high mountains for free America. You know

1123
00:59:37,920 --> 00:59:38,840
there's winter skiing.

1124
00:59:40,079 --> 00:59:42,880
Speaker 2: Yeah, I know, I know, Ok, and I do, like

1125
00:59:42,960 --> 00:59:44,000
I gotta get my kids.

1126
00:59:43,800 --> 00:59:47,840
Speaker 1: Out, get I'm not here, all right, we'll see soon.

1127
00:59:48,360 --> 00:59:49,400
Speaker 2: All right, man, This is great.

1128
00:59:49,599 --> 00:59:51,679
Speaker 1: Yeah, thank you, this Todd Hermershew. Please go be well,

1129
00:59:51,840 --> 00:59:54,119
be strong, be kind, Please make every effort to walk

1130
00:59:54,599 --> 00:59:55,519
in the light of Christ.