Speaker 1: Got this strange stupid uh said this comedy act, this
comedians saying how long is it going to be before
AI in vents entire businesses and they turn out to
have like a billion dollar market value in a couple
of days.
Speaker 2: What Oh, actually, no, that just happened.
Speaker 1: No, it did. Zach Abraham will tell us about this.
We'll also talk about Elon Musk's Department of Government Efficiency.
Now for whatever reason, co starring Vivid Remeaswami, Zach Abraham,
chief investment officer Bolwart couple of management joins us, and
we do this all with the good grace and help
of God Almighty.
Speaker 3: The Todd Herman Show is one disapproved but big pharma
technocrats in tyrans everywhere from the high mountains of Free America.
Here's the Emerald City, Exid her Man.
Speaker 1: Today is the day the Lord has made, and these
are the times to which God has decided we shall live.
It's wise counsel day on the Todd Herman Show. That means,
Zach Abraham joins us, good to see your brother, welcome back,
thanks for having me.
Speaker 4: Good to be back.
Speaker 1: Man. I love it when your voice is all kind
of like horse and you sound kind of I don't know,
smoky and seriously, like the old man has been in
the in the pity.
Speaker 2: Bye bye, I got by orders over there.
Speaker 5: So this is a byproduct of parenting. Unfortunately, I've had
those moments.
Speaker 2: Those are the moments your kids remember.
Speaker 1: Oh my gosh, I didn't know dad could do that.
My daughter once said to me she had taken to
hanging out with a friend who was a bad influence
and is sadly lives a very sad life, very sad,
but she had taken to this girl's attitudes. So we're
sitting down for family dinner and my wife serves some
food and my daughter says, do you expect me to
eat this garbage?
Speaker 4: Ooh?
Speaker 1: And I said, pardon.
Speaker 4: Me, that one over like a lead balloon.
Speaker 3: Yeah.
Speaker 2: She goes, do you expect me to eat this garbage?
Speaker 1: I said, your mom worked really hard on that, and
you're not going to speak to my wife that way.
Speaker 2: Well, and she said, this girl's name, they always have pizza.
Speaker 1: Do they apologize to your mother? Please? And then my
daughter said, don't yell at me. Oh. My wife said,
Dad's not yelling. She goes, he's yelling. Then she turns
to me, you're yelling. I said, would you like to
hear me yell? You're yelling now, I'm warning you.
Speaker 2: Would you like to hear me yell?
Speaker 4: Yeah?
Speaker 1: Sure, And I did, Zach, I did, And I got
some pipes. Man, back in the day, I had some pipes.
And her horrible look.
Speaker 2: On her face was and I quite that was me yelling,
please go to your room.
Speaker 5: Yeah yeah, we uh, let's put it this way. The boys,
the boys pushed their mother one step too far last night.
And it was short, it was very short, but but
it was but it was powerful.
Speaker 1: And that's what dad steps in And did you give
them the line that's my wife?
Speaker 4: Oh? Yeah, yeah, I don't. I don't say your mom.
Speaker 5: I always say, don't talk to my wife that way, right,
Like that's it just it hits different. Yeah, it all
of a sudden, and it reanchors them to the idea
of what you're saying to her.
Speaker 4: You're indirectly saying to me. Keep that in mind, right
and she and and she might have.
Speaker 5: The patience to put up with it, but if I
hear it, I'm I'm going to open up a can
on it.
Speaker 1: I lived in a home of a dear, beautiful Jesus
driven Catholic family and the dad there is a guy
consider a godfather, and he was he's a gentleman, but
he was also a record holding college run back who
could smash people up. Oh yeah, we're in the kitchen
one day and his oldest son had been running with
bad people, making some bad chemical decisions, and in a
state of chemically enhanced ego, got into his mom's face
and said, you clean, You do the dishes, and she said, son,
it's your eternity to the dishes. He said, did you
hear me? I said, you do it, woman, And my
godfather walked across the room and said, you have one
second to apologize to my wife.
Speaker 2: One boom, knockout punch dropped him like a bad habit.
Speaker 1: Bega Cement.
Speaker 2: And my friend woke up. I mean he was my
brother's friend.
Speaker 1: My best friend's brother woke up, became less chemically enhanced
ansd like almost instantly, looked up from the floor and said,
I'm sorry mom, I'm sorry Dad.
Speaker 2: And he said go upstairs and I'll be up to
talk to you in a bit.
Speaker 1: And on the way up I heard him talking to
his younger brother, going is he gonna hit me again.
Speaker 4: You never did that again.
Speaker 1: No, no, and all of us I remember going, oh wow,
oh so that's still there. All right, So enough dude talk.
We got to get into this Department of Government Efficiency
and then this uh, this AI invented company. So much
to talk about with Zach Abraham, Chief mes Officer, Bulwark
Capital Management. I will say this, if you've been injured,
either by being punched by your dad and dropped by
a bag of wetsman, or a horse riding injury or
a car injury, and you are being told that either
this is your life, or you're going to have to
be on some sort of oxy derivative for life, or
some kind of painkiller or a whole bunch of pharma,
or you're facing surgery. Can I just give you an
alternate path. There was a woman who had a horrible
horse riding accident and she was hemispherically paralyzed, so one
side of her body was paralyzed. And her doctors in
Canada said, you know what, by a new house, there's
going to have to be one story because you're no
longer going to go en up and downstairs. You're going
to be in a wheelchair. That's where she thought life
was at She heard about renew dot Healthcare and Port
of Art to Mexico, run by some friends of mine.
They become friends through business. Last kind of shot, she
flew down.
Speaker 2: They took her off.
Speaker 1: The plane in a hospital bed. They brought her to
renew and within I think about three weeks. My friend
Steve Anderson, who is the managing director of renew he
was walking through the hallway and the lady said, hey,
Martin Stephen. He said, oh, yeah, good morning. Wait and
she was walking. How'd that happen? By the miracle of
ethically gathered stem cells from placentas in ubiblical course, only
they got into her body and they attacked the inflammation
that was causing a lot of these problems, and then
they rebuilt. That's what these stem cells do. They're building
cells so they can rebuild muscle, tendon, they can rebuild tissue,
they can rebuild cartilage. That woman walked out of that
hospital and didn't have to change her house or anything.
If that's a traumatic incident, this can also work for you.
Just go to renew dot Healthcare. It's e n U
E dot Healthcare. Elevate your quality of life by getting
actual healthcare, Zach. The Trump administration is doing some very
smart things. This is for the people dot com and
let's just give credit or credits to do. President Obama's
team had set up this petition thing where you could
go and create a petition policies that should be back.
President Trump has this as well. But this is on
five key areas. Health for the people, liberty for the people,
peace for the people, economy for the people, food for
the people. You've looked at it, I mean as a
guy who's if we do share over my money and
that of many other people, a what do you think
of the idea and be what would you be saying
about this stuff? Well?
Speaker 4: I love it and people are so.
Speaker 5: I saw a Twitter post the other day where somebody said,
you know, and it was posted respectfully. It was looking
for answers, but it said something along the lines, Okay,
so for all of you people that voted for trumpet
or supporting these policies, you know, why is it that
you don't seem to have any fears about the elimination
of the Department of Education and how that will negatively
impact kids with learning disabilities or something like that. And
it was a respectful honest question, right, And it kind
of hit me at that point. I was like, man,
we got a lot of work to do. Like, first
of all, the Department of Education has absolutely zero to
do with the interaction between your teacher and your child
on an ongoing basis.
Speaker 4: And moreover, when you look at how.
Speaker 5: It was such a ridiculous So I'm kind of using
this as a panacea, or not really a pantas, but
I'm using this as a broader explanation or a broader
characterization to describe what I think is the issue with
so many of these departments right where, And if you
think about it, maybe at the very least, you should
have a very small panel of people that decide what
national standards are and then leave it up to the
education system in that state that is dealing in that community,
that understands the unique abilities or disabilities and all the
things of that locale right that zip code, make it local, right,
and you don't need the Department of Education. That the
Department of Education works so well? Why is it that
we're the number one expect so we pay more per
student than any other country on the face of the earth,
and yet our test results are thirty.
Speaker 4: One in the world world and dropping like a rock.
Speaker 5: Right, If the Department of Education was good at what
they did, that wouldn't be that, that wouldn't be the dynamic, right.
So ay, I think we need to educate people to
realize that no, no, guys, we're not cutting services, We're delivering them.
Speaker 4: Okay, We're just getting rid of the.
Speaker 5: Waste and the bureaucracy that has mucked this whole thing up.
And the education system is ground zero for that. It's
a perfect place to start. Why does it malfunction because
it wasn't made or designed for the benefit of students.
It was made for the benefit and pleasure of the
teachers union exactly. That's that's what controls it. So I
love the concept. I think that there is unbelievable amounts
of waste and inefficiency and I am I am cheering
it on. My only fear is that I get over
excited and expect.
Speaker 4: Too much out of it.
Speaker 5: Yeah, you know, because I mean, you know, they've talked
about eliminating sixty seventy percent government spending.
Speaker 4: That ain't gonna happen, Okay.
Speaker 5: But man, I mean these in my opinion, I don't
think that there is much more of a clear and
present danger to democracy today outside of the outside of
the push against the freedom of speech than is embodied
by the regulatory system in this country. They have this
godlike power that is not legal, that is not constitutional,
and that whole apparatus needs to get ripped down and
redone agreed.
Speaker 1: And Jimmy Carter was the guy who put together the
Department of Education, so it's relatively recent. And yes, you're right.
He did this to the payoff to the unions. And
it is a job protection, sour protection, retirement protection racket,
and that's been its goal. That's why it exists. I say, okay,
national standards, fine, that can be done through Congress, and
they should be slim line and really really focused on hey, reading,
writing and arithmetic. And if you want to make some
focuses for areas we needed the economy, fine, but we
don't need a Department of Education because guess what, there's
a Department of education in this state. And guess what
there's a district state like in your state at Washington.
Do you know that you pay intermediaries to go to meetings.
You know this is true.
Speaker 2: You have a job description each each district pays people.
Speaker 1: To go to meetings in Olympia. So their job is
to go to Olympia, your capital, hear things and come
back and tell people what they heard.
Speaker 4: That's efficiency man.
Speaker 1: Right right, And there are these things called zoom meetings
like we're doing right now remotely.
Speaker 2: Here's here's my thing.
Speaker 1: If I were to go through this and education for
the people is not on here, that's more of a
that's more of a government efficiency thing. If I look
at health for the people, liberty for the people, peace
for the people, food for the people, economy for the people.
Here's my thing on health for the people. Want to
make a revolutionary step. All health procedures have published prices. Yeah, yeah,
how much is that rotator cup surgery?
Speaker 4: Yeah?
Speaker 1: Oh, we can't tell you because it could differ. Okay,
So what's the variant? Well, we can't tell you. It
could be a ten or fifty percent. Okay. How is
it that I can go into an auto mechanic and
say I need to have an engine replace. What's that
going to cost? Well, there's a five to ten percent differential,
giving on some difficulties and parts, and so you might
have some areas that need extra help, so it'll cost
you five thousand dollars or four thousand, five hundred, five thousand,
five hundred bucks. Okay, fair enough, right, I'll sign that.
That's great, I'll sign off on that. But you go
into the hospital for procedure, they'll say here's the down payment,
but they don't advertise it. They don't put out you
can't comparison shop. You should be able to comparison shop
all of these things. And let's start. Let's bring back this.
Let's bring back catastrophic insurance which was outlawed through obombacare.
So you want a.
Speaker 2: High deductible and you got that.
Speaker 1: That should so that you don't need to pay you know,
these eight hundred nine hundred dollars month things you're only
that's actually insurance in case something bad happens. And then
get government hands off everything else you want to pay.
Subscription medicine, write that off. And I think that health
based decisions such as subscription medicine, that is, subscription doctors
two hundred and fifty bucks a months so you can
see the doctor whenever you want. Why on earth do
I need to pay taxes on that? Why do I
need to pay a tax on something that is designed
simply to make sure that I remain healthy, because the
end result of not remaining healthy is look at Medicare
and Medicaid and where they're at. That would be kind
of where I would start with health for people. I
would also very much start and I would concentrate in this.
Why on earth do we allow the government schools to
program kids to eat simple sugars and fats as their
sole source of foods? Like change that around. That's some
of my ideas, And that impacts industry, and I don't care.
I mean, governments and businesses can adapt to that. What
do you think?
Speaker 4: No, I'm with you one hundred percent.
Speaker 5: The other one that I would make a change to
is medical malpractice, meaning you look and whatever. We're having
a conversation about these kinds of things. It kind of
reminds me of a conversation about taxes, meaning listen, let's
be adults in the knowledge that there is going to be.
Speaker 4: No painless solution, right.
Speaker 5: But bottom line is, medical malpractice is doing two very
important things that are deleterious to all of us and
that are negatively impactful to our government or our finances,
and then most importantly, are negatively impactful to the quality
of care we get.
Speaker 4: And that is because and you can see it in
the stats.
Speaker 5: Okay, as the cost of medical malpractice insurance has increased,
compensation for doctors by and large, especially surgeons has decreased. Okay,
so wouldn't you know it, the number of people that
are trying to be surgeons or doctors has plummeted as
a percentage of the population.
Speaker 4: Right So, by and large, bye bye, by rule, we
are getting.
Speaker 5: Less and less of the talented people and otherwise would
be higher earners. Okay, so we all, we all suffer
from that. We don't have our best and brightest in
the medical industry. The other thing is that you cannot
put we as taxpayers are paying the burden anyway right
through exorbitantly higher medical costs. And you need to like
make a multi tiered system, whereas if something is gross negligence,
like a doctor was high or drunk or something like that,
that should be one category. But you know, like a
doctor will try something. And I've talked to several surgeons
about this, and I have a few as clients where
they're like, you know, there's a lot of times where
there's something kind of controversial or new that we could
try in a scenario where we don't think the person
has any other hope and they're like, Zach, we won't
do it because if it doesn't work, then we get
blamed for that. Whereas if we just sort of let
them die he goes, our whole career isn't threatened.
Speaker 1: Yeah, and he goes and he goes.
Speaker 4: So what are you supposed to do?
Speaker 1: Right?
Speaker 5: So you got to get a hold of the malpractice
situation in this country. Meaning, look, man, I value human
life immensely, But if a guy dies because a mistake
was made or something was tried and it didn't work
or something like that, it doesn't mean that his family
should get thirty times his annual wages or one hundred
times his annual wages.
Speaker 4: It just because we all just end up paying that expense.
Speaker 1: Yeah, I got you, and I would only I would
only provide this pushback that the number one cause of
death right now for people who visit the hospital as
physicianaire right. Okay, so but you just said in the
case of death, right. But I and I agree there
need to be some reasonable limits on this. Thirty times
someone's earnings per year, no or lifetime earnings. No, Because
now you've won the lottery replacement of that. But I
also say this that in terms of health for the people,
you know my view on big pharma and how they
own everything and how they're simply not our friends. I
would say to big Pharma, if you're providing a drug,
any drug, has to have an addiction scale on it.
Any thing you give anybody you need to disclose on
the packaging. This is let's and we need to develop
an addiction scale. This is the this is a ten
for addiction, and you have to tell people this. The
likelihood of you ever getting off this drug is very low.
And to doctors who prescribe it, if you prescribe it
and they come back and say I want off this drug,
you will publish your prices in advance for helping them
get off that drug, step by step by step. And
here's what I mean to do here is not to
tie their hands, not to set up our melt and
practice stuff, but to have a doctor think really long
and hard. Do I want to take on the job
of getting a sixteen year old off of an antidepressant
and anti anxiety drug cocktail I've given them, or would
I maybe rather look into sunshine and exercise and things,
maybe even caffeine which I use to manage depression, things
like that, and I think that could be a right
sizing of the economy for health right and the folks
of that. We'll get to some of these other things
with Zack Abraham, including got to talk about this company
that it's a specific industry, very specific kind of a
new industry that's been set up by AI. We'll talk
about this with Zach Abraham, Chief Investment Officer Bulwark Capital Management.
I got a note from John who runs Alan Soaps
for his son. If you're new to the show, Allan's
has been a longtime partner of us. They frankly they
couldn't afford an add on this on this cast. So
it's something we do in a developmental sense to help them,
and we're committed to it. We love it.
Speaker 2: Alan had his fourteenth birthday.
Speaker 1: Two days ago, oh well, and he's deeply appreciative for
all the birthday wishes. He also wants you to know this,
and John wants you to know this. If this is
the reason you buy the soap, so be it. But
John doesn't want you to buy it just to celebrate
Alan's birthday. He wants to hear from you what you
think of this soap. It is made in America, it's
all natural. It's made by a family of three generations
of making expertise. And just picture this at Thanksgiving dinner,
people go into your bathroom. They use the liquid version
called Ian's Blend, named after Allan's brother Ian, both of
whom are very impacted by autism. That's the role of
Allan's is to employ people like this, kids who need work,
Young people need work. The conversation that ensues at Christmas time.
Imagine giving people a subscription to Alan Soaps so they
become habituated with it. Give them the story of Allan,
that he was supposed to die, he didn't get it,
a mission for him, and now three young people work
there rather than having been aboarded. Go to Alan Soaps
dot com. Slash Todd that's Alan Soaps dot com, slash
Todd Tucker, Zach Abraham about this for the People dot com.
President Trump's team has put this together. So the big one, Zach,
and this is a big umbrella question for you, is
top right hand for them is economy for the people.
So what does that mean in your mind? Economy for
the people. I've got my ideas. I think President Trump
has his obviously lowing prices, lowering inflation. But if he
were to bring you in here as one of the
experts to invest, you know, to involve yourself in an
economy for the people, what would you say to the
president aside from bring back Trump stakes.
Speaker 5: Well, I think I think one of the things that
he's approaching, or that he's discussed at length and he
addressed actually in his first term, is predatory practices of
other countries, meaning you know, setting up either via tariffs
or new trade agreements, preferentially new trade agreements.
Speaker 4: Right.
Speaker 5: Like that's like people need to understand when Trump sitting
there talking about I love tariffs, it's a beautiful word.
He's talking in the context of there's nobody that wants tariffs. Okay,
tariffs don't benefit anybody per se. What they do, and
like we've talked about a lot, is they level the
playing field. Meaning what you would prefer to have, like
I said, is free trade. But free trade assumes that
both parties are acting according to the same slabties in
the same rules, right, And so number one you need
to address well, like I said, which he's doing and
which he's done. You need to address things that enable
corporations to export jobs. Now, look, they should be able
to do that, Okay, if a corporation wants to move
its production facilities to China, it should be able to
do that. But there should be a cost, a bottom line,
and not even really look at it like a cost.
We just say, hey, we're not punishing you. We're just
going to give you a bonus if you make it here. Right,
We're just we're gonna give you. We're gonna provide you
an incentive to make it here. And what is that incentive?
You won't get tariffed, right, So you absolutely have to
do that. I would like to see them. I would
love to see them make educational expenses tax deductible. I
think that would be a huge help to the economy.
I would like them to see them address the student
loan issue. I think that could make it. What you
have to do is you you you have to as
crazy as well, maybe hopefully it doesn't sound crazy. You
have to slow down the amount of loans and money.
Speaker 4: That are going to institutions, so they going to colleges
you know.
Speaker 2: Don't need the money. They can do their own loans,
they can carry their own paper.
Speaker 1: They on the float alone. These guys can put people
through college for free. It's the biggest scam in the world.
Speaker 4: It really is.
Speaker 5: It's it's when you're talking about endowments and excess of
fifty billion dollars and the proceeds from that endowment are
considered tax like, are non taxable because it's a non
for profit. Well, if that's the case, then why are
you taking so much federal you know, spending, right, you
have your.
Speaker 4: Your endowments just via non risk US.
Speaker 5: Government loans can spit off over two and a half
to three billion a year in interest.
Speaker 4: How much tuition and teacher salaries that pay.
Speaker 1: For all of them?
Speaker 5: All of them right, So the whole thing is a racket,
and all they're doing is wasting that money, using that
money to have worthless degrees that enslave kids in financial bondage.
Speaker 4: So yeah, the other thing is I would also like it.
Speaker 1: Now.
Speaker 5: I don't think they'll do this immediately, and this is
going to be a much bigger issue, but I would
also like to see them, you know, the immigration look
at dealing with immigration will be an assist to the economy,
you know, all of these things they're talking about is
going to make I mean, all of these things are beneficial.
And you know it's not that long ago that virtually
everything they were talking about would be considered nonpartisan.
Speaker 1: Agreed, These are not wild things.
Speaker 3: No.
Speaker 1: My big fantasy gets and we've talked about this before,
is the fair tax, the actual official fair tax.
Speaker 2: And as members of Congress back that that's a consumption task.
Speaker 1: That tax that I think it waives the first eighty
grand in spending is non tax, and then it takes
some core things like life saving steps, et cetera. Some
of the things you've talked about education are non taxable,
consumption based things. And we don't need to get into
that because you know I've talked about it. But let
me bring this up. President Trump has said that he
wants a ten percent He wants to cap credit card
interest a ten percent. Now that sounds very Liz Warren,
very top down sort of progressive Democrat. To tax it
at ten percent, I'd be super popular with people. I
do think credit card companies are deeply predatory. I think
that when they're hiding twenty eight percent interest rates from people,
and people don't pay attention to that, and they're really
predatory with the poor and with kids, like my daughter
turned eighteen. The day she turned eighteen, that the credit
card thing started arriving in the mail and pre approved
and you're preapproved, and like, oh, you're not pre approved.
We are. That's what you're saying, is your mom and
I are pre approved. So what do you think of
Trump with the floating the idea of a ten percent
cap on credit card? Interesting? Well, well, what I would.
Speaker 5: Say is I would say, let's let's handle it in
a much more mathematical fashion, meaning I'm all for the
concept of the deal or the concept in generally speaking,
but at the one point, like the bottom line is this,
the lower you push that ceiling, the less consumer credit
will be available. Right now to a certain degree, that's good, right,
because you don't want, I mean, you don't want a
system where the average working guy can get a twenty
five percent payday loan.
Speaker 4: And that's twenty five percent per month, right in.
Speaker 5: A lot of a lot of these cases, you're looking
at an Yeah, you're looking at an annual rate and
access to two hundred and fifty percent.
Speaker 1: Okay, So like that's absurd.
Speaker 5: And the fact but and you got to ask yourself.
You know, it's where free markets, that whole free market
thing comes into play, right where you're going Our payday
loans a good thing, maybe in some capacity, but you
do need to limit that because that's it's a debt
spiral trap. Right like you start, you just can't get
out from underneath it. And that's why those payday loan
people make so much money. So you want to have
access to credit. But like I said, the beautiful thing
about this is if you looked up with several different
consumer credit agencies and companies that do this, okay, and
you put them together in a room and you did
some basic math, maximization type equations things like that, you
could figure out where that my feeling is it's probably
somewhere in the fourteen to sixteen percent range just looking
at hard money rates and things like that, because you
don't want to choke that stuff out of the system.
Right If a guy wants to take a short term,
high risk hard money loan for sixty or ninety days
at an annual percentage rate of you know, twenty five percent,
then you know he should be able to do that.
But at the same time, you don't want people getting
trapped in these payday loans and things like that. So
my thing is, I'm all for the concept. Just do
it mathematically. Let's figure out where that optimization number lies.
And you know, and this isn't new, right, We used
to have usury laws on the books. They just they
either got rid of them or move the number up
so high that it doesn't matter. As a matter of fact.
I think you can do that now. I think it's
it isn't the limit at twenty nine to nine or something?
Speaker 1: Think of that?
Speaker 3: Right?
Speaker 1: There is that that And then the thing I would
say is I'm big into truth and labeling. Okay, you
want to go take that loan, Okay, then then have
the loan provider because the Bible warrants is against usury.
Speaker 2: By the way, just just so everyone remembers.
Speaker 1: Don't do that to people. Where to Jubilee, you forgave
debts every seven years. You know, when we lived godly lives.
That was all very real. So if you're going to
put those loans out, all I'm saying is in a paragraph,
you describe how much you're going to pay. All right,
So working guy, you come in, you're going to take
this twenty five percent per month loan. If you take
a year to pay us back your twenty five hundred
dollars loan is going to cost you twenty five thousand dollars.
And to publish it, you have to publish it and
the person has to sign I understand that I'm not
borrowing twenty five hundred bucks. I'm potentially paying you twenty
five thousand dollars to let me use twenty five hundred
I'm going twenty five thousand in debt when I signed
this piece of paper, right, yeah, yep yeah.
Speaker 5: The other thing you have to do on the flip
side of it, too, is and this is trickier. In
my opinion, you have to reinstitute both in our markets,
financial markets, and both in financial in this topic too.
There has to be an element of caveat M tour
buyer beware right, like meaning you cannot regulate out stupidity.
Speaker 4: Right.
Speaker 5: If people are going to do stupid things with money,
trust me as a guy that manages other people's money.
Speaker 4: You can have the conversation with them. You can warn them.
Speaker 5: I don't know if I've ever told you the story,
but I had a client, super nice guy. He came
in with about one point nine million for retirement. Okay,
he he had just retired. We set up a retirement plan.
I told him what he shouldn't do, what he should do,
and I warned him all the reasons why he shouldn't.
Classic example of this was he thought he should go
buy a bunch of physical golds, and I told him, look,
you can buy this much, but don't exceed this amount,
and if you buy it, buy it this way.
Speaker 4: He didn't listen to me.
Speaker 5: Long story short, Within ten months of retiring, his one
point nine million was down to about eight hundred and
twenty thousand. And on top of that, he's still owned.
He still owed about four hundred thousand dollars in taxes
because he didn't, so his retirement nest egg was gone.
He bought collector coins for his gold instead of real ones,
so when he went when he.
Speaker 4: Went to go sell it back, he was twenty five
percent in the hole on his gold holdings.
Speaker 5: My point is I literally walked through him step by
step and said do this, don't do this. Here's how
we're going to do it. He decided he wanted to
be the captain of his own ship. Calls me ten
months later when the plane's already into the side of
the mountain and wants my help. And I look at
him and I go, look, I'm not trying to be vindictive.
I'm not trying to prove a point, but I go,
here's the only options you have, and bringing your money
to me at this point isn't going.
Speaker 4: To help you.
Speaker 1: Oh you know, just God.
Speaker 5: So you have to have that element of coveyat m tour,
meaning people have to know. And I think you have
to be careful with regulations because I think an overregulated
economy gives people a false sense.
Speaker 1: Of security exactly, and you can't label things clearly enough
for people and even and I know this goes back
a little bit to the healthcare thing. And this is
me being probably I don't know, obsessive about this, but
when I watch people buy and this happened to me
in a grocery store here called you Super Good grocery
store in North that Hill and I'm shopping and there
is a lady shopping and I'm buying stuff and she's
buying stuff and she looks over at me. She goes,
do you do lift weights and go to gyms? I
go yeah, she goes, So my my my son's trying
to do that, and I'm trying to buy a lot
of good protein for him. And what's a good source
of protein? Like bread? And I said, well, bread has
a little protein in it, but no meat. Oh well,
he won't eat meat. Okay, so he's vegetarian. No, he
just doesn't like to eat tastes. Okay, But what does
he like for protein? Peanut butter? Okay, but that's a fat.
And I'm sitting here I realized I've jumped into like
a black hole. Okay, that's those that's a fat. Oh yeah,
I know there's fat in it, but there's protein too. No,
well milk, No, So milk is not a protein. It's
a carbohydrate depending on how much and percentage. But just
that he doesn't like to taste. Yeah, he just won't
eat it. He really likes bread, and he likes cereal,
and he likes milk and Peter butter and Frod sit
there with this lady and I'm trying to be kind
and finally just said, oh gosh, you know, I'm sorry,
I have to go and I was talking to you,
and good luck with that. So I go buy my stuff.
She buys her stuff and Zach, I'm watching her leave
and I'm like, oh my gosh, she's going home with
a cart full of type two diabetes because her kid
doesn't like me. So yeah, I know, we got these
clear labeling. We got to get to this AI company.
This is nuts. We'll talk about this with Zach Abraham,
Chief Investment offs for Bowler Capital Management. When we're talking
about things like health, I get it. I get it,
I get it. I'm a little bit obsessive. I go
to the gym a lot. I like being able to
do things that are fun physically for me, and for
me that means things that are root holy difficult. That's
what I like. You may not be that person, but look,
you do not want to live in a healthy life.
My friends Wade and Matt at Bioptimizers, they have made
a career out of optimizing people's health. They started working
with elite athletes because that's what they were, and then
as they worked with elite athletes and they began to
live life in the real world as they're retired, they
looked around and said, man, man, a lot of people
are really messed up metabolically and imminologically. Let's expand our
product set and for November. They just love the sales
for Black Friday. And they've set this up based upon
a three product stack. I use every day Magnesia Breakthrough
for sleep regularity, controlling stress. That's product one.
Speaker 2: Product two is called mass zymes.
Speaker 1: These are digestive enzymes that have been proven in a
test at Bershin and Ashen University to deliver to your
body one percent more amino acid. They are the building
block of proteins, which in turn of the building block
of muscle, which is the core of health. Is a
good body composition with good amounts of muscle. Last thing
is this P three O M. It's a prebiotic. And
most people do not have good levels of probotics in
their systems because most people do not consume foods that
produce probiotics. These probiotics help you digest your food so
that you get more nutrition out of every byte this
three product stack. And here's what they do for Black Friday.
Go to biptomizers dot com slash TOD, use code TOD.
You'll get not ten percent off, you'll get twenty five
percent off that product stack, and by doing that you
will qualify to get one hundred dollars in free gifts
from the people at bioptimizers, so you're guaranteed the twenty
five percent you qualify for the one hundred dollars in free gifts.
It's simple. Good to bioptimizers dot com slash tod. Make
sure you use code tod. For Black Friday, they boptimizers
dot com Tod used code Todd. Zach, you were telling
me a story. It was story time as we were
getting ready to do the show and tell the people,
Zach about a beautiful company the lot of people say,
is the best company in the world created by AI.
Speaker 5: Yeah, so it's not really a company, but it's I
was I was reading through you know, the stuff that
I go through, and I caught onto this deal where
apparently at some point a group of developers decided to
take their AI. So what we call llms or large
language models. Right when anybody's saying about a new AI,
Chad GPT, all of these are LM's large language models, Okay,
which really isn't AI. It's not thinking, it's learning through. Basically,
you give these things access to the entire Internet. They're
reading things constantly and absorbing data and all that kind
of stuff. So they put these lms large language models,
several of them in a chat room together and just
left them there and do.
Speaker 4: Their own thing. Well, eventually, these large language models decided
to hatch the idea of creating a new cryptocurrency.
Speaker 5: Launching it on a crypto exchange, and talking about it
on the Twitter site that they opened up. This is
no joke. This sounds like this sounds like crazy talk.
This is legitimate, okay. And they launched their own cryptocurrency.
Speaker 1: They being called the Machines.
Speaker 5: Yes, and it's called goat CS so gat like a
goat c us s e us. Goat CS maxims is
the name of their coin. And that coin, as of today,
has a market capitalization price of a billion dollars and
it was launched in less like a month ago, right,
it is trading actively, and they've even got their own
Twitter site, which well, let me hold on.
Speaker 4: Well you know what, Shoot, I've got the name of
the Twitter site. I'm forgetting it.
Speaker 5: But you can actually get on there and read the
tweets that this large language model is posting.
Speaker 1: We'll put it in the show notes. We'll put it
in the show with your help, you'll say that, just
we'll put it in the show notes.
Speaker 5: Yeah, got see Us Maximus, and it was one of
those deals where I'm reading through it and I'm like,
I don't know whether to be intrigued, terrified, to laugh,
to cry to hide.
Speaker 4: I like, just what an odd time we're living in.
Speaker 5: But also if you want to talk about and look,
I don't say this meaning that I think everything is
going to plummet and collapse tomorrow, but I do think
that we are, like Saturday, we are living in the
biggest speculative bubble of all time. I mean you you
have people buying things that they know are worth nothing,
that serve no real purpose, that have a billion dollars right.
Speaker 4: Doge Coin at one point got up to fifty billion.
Speaker 5: Doge Coin went on a fifteen or twenty percent ripper
because Trump put out the announcement of Department of Government Efficiency.
Speaker 4: Doge like it.
Speaker 5: I have never seen so much speculative bubble like behavior
in my entire life.
Speaker 4: And it's not new. It's been going on for a while.
Speaker 5: And I just I will tell you I don't like
I said, I don't think it's over.
Speaker 4: I don't think we're there quite yet.
Speaker 5: But rest assured this will be looked at as one
of the biggest bubbles in human history.
Speaker 4: And I think especially especially in the crypto world.
Speaker 5: Right, Like, I'm not saying that everything is overvalued, It's not,
but especially in the crypto world, especially as it relates
to AI, there is just so much hype and so
much nonsense.
Speaker 4: This stuff's got a cave in on itself at some point.
Speaker 5: I mean, you know, creating fake currencies out of thin
air that are trading at a billion dollar valuation.
Speaker 4: I mean, you can't make this stuff up.
Speaker 1: I am haunted by something we did in high school.
When you're talking about this, and I'll tell you about
this in a second, because you want to talk about
how insane. This is two boys in high school who
decided to wear some trench coats and no, no, not
school shooting things. It was nineteen eighty five when we
did this. And actually, as I think back about it,
I went to an insane school where there actually wore
a bunch of shootings. So but they didn't wear trench coats.
So it'say about this in a second. With Zach Abraham
for Thanksgiving, I talked about soap. Let me talk about wine.
It's bone frog sellers, you know, Tim Krookshank he's a
retired Navy CEO. He's been in our program a bunch
of times, he said, dear, dear friends. He didn't know
the wine business. He knew the business of breaking people
and well, killing people and breaking things when he was
sold to do that by his government. He was also
a medic attached to the seal teams in three deployments,
so he knew the business of field surgery and helping
people live, which is a pretty big deal. When he
came home, he wanted something that would honor fallen seal
so he started bone Frog first Coffee, which has done really,
really well. And for Thanksgiving, you should have nothing else
set your home but bone Frog Coffee. Bone Frog sellers
you probably know less about because we have been talking
about it until recently. Tim did the same thing. He
sought out a family who'd been making wine for a
long time and said, I want to get into the
wine business. Teach it to me. So he hung out
with them. They talked to them about him, about how
great wines are made and age and the process, and
how do you create a wine with personality? So what
would a bone Frog wine be? So there are two wines.
There is a Cabernet, and there's a mar Low and
he has gone through now twenty fifteen vintage. We had
at our house and when he approached me to talk
about the wines, I said, dude, you're my dear friend.
I love you and we've done business together. I'll talk
about it, but I don't drink it. I don't like wine.
I've had like three SIPs of beer in the past
twenty years.
Speaker 2: But my friends love it. So here's the range.
Speaker 1: My daughter is brand new to wine because she's not
even legally supposed to drink it.
Speaker 2: She's just on the edge of that. She loved it,
said it was yummy.
Speaker 1: I've got on video. I can prove it all the
way up to my friends Tom and Sherry, who love
wine and travel and they drink it, and Tom knows
about it. They knows about the legs and the glass
and this sort of aging in this sort of barrel,
et cetera. And in the middle of that's my wife,
Whoucajun drinks wine. All of them loved it for different reasons.
Tom because he's an aficionado, my daughter because it was yummy,
and my wife because she enjoys the glass of wine
from time to time. So go to bonefrogsellars dot com.
You get ten percent off there. Of course it says
God Country Team on it. That's who Tim is. Of course,
the bone Frog is on the wine. That is the
insignia of a fallen Navy seal. It's Bonefrogsellars dot com
slash Todd so Zach. Back in the day, my friend
and brother Matthew, whose dad was the guy who knocked
his older brother out and talked about that's off the show.
He and I decided to create fake value, and so
we went on this sociological experiment where during during changes
through class, we would hand an envelope to each other
kind of surreptitiously but making sure other people saw. And
we all had forced locker partners. So I would put
that envelope in my locker and I talked to my
locker the locker partner, don't touch that, like you do
not touch that thing, period. And it started to create
all this false value, and people were curious about it,
and they'd notice the handoff of what are you guys doing, Oh,
you don't want to know, it's really something you don't
want to be involved in. No, I want to know.
We got a really good thing going here, and it's
making a lot of money, and I want in. Oh look,
I mean I don't think this is the thing you
want to get into. No, No, I mean how much money?
Is it making? A lot? A lot? Well, I mean
I'd like a twenty bucks. Oh, it wouldn't get you
anywhere near our deals. Okay, I can give you fifty.
What could I expect to get out of it? A
lot people started hind us money.
Speaker 4: How much?
Speaker 1: Well, I'm ashamed to say that we took in probably
about two thousand dollars before we wrapped up the sociological experiment.
So we take the fifty someone gave us, and we
turn around to the person who gave us ten and
got things are good. Things are good.
Speaker 4: Man.
Speaker 1: Here you go, Wow, I gave you ten bucks, you're
giving me fifty back like a week later. We didn't
know what pyramid scheme meant. We didn't know what it was.
We just thought so then we'd have people coming to us. Look,
I got five hundred bucks man. Oh look, no, no,
it's it's just that's too much risk, you know, I mean, right, right,
just but but that's going to hurt you for this
sooner box. And so eventually we came around and just
confessed to what we were doing. And it was this
great sociological experiment, right, And so some people lost money
and frankly we didn't keep any We just played the game.
But it showed us that all we did was create
this false value. Tell me how what we did is
different from this not AI, but large language model invented crypto.
Speaker 5: Well, look what's funny is and here's the tough part
about this, And this is a classic example.
Speaker 4: Of kind of one of the dangers of AI.
Speaker 5: When I was sitting there looking at it, there was
a thought that crossed my mind where I sat there
and I went, wait a second, Wait a second, are
you telling me that this is a cryptocurrency created by
a large language model. So basically you are bisecting the
most bubbleish, crazy parts of our market, crypto and AI,
and it's got a billion dollar market cap. And I
kind of thought to myself, I was like, you know what,
there's a decent possibility that this his own nonsense, right,
They're a decent possibility that this crypto was created by
a couple of guys.
Speaker 4: This is the story that they cooked up.
Speaker 1: They're the ones.
Speaker 5: And my point in saying that is because it is
exactly like what you were saying. And the guys that
invented doge coin are proof of that, right, they came
out and have admitted, yes, it was a complete joke.
It was we never thought it would take off like this.
Doage coin got up to a fifty billion dollar valuation, right,
like those guys cast out with billions of dollars even
after they told everybody that, look, this was a joke, right,
but everybody kept trading it. And why because it was
going up? Right, So yeah, it's and and and I
will warn your warn your listeners too. Do not go
buy that coin. Don't go buy any of these coins
unless you really know the space and have studied it
and really.
Speaker 4: Know what you're doing.
Speaker 5: And even then, go with the knowledge that at any moment,
a market like that can go bidless. So you can
go from having three million dollars in your account one minute.
And if you don't think this has happened, you haven't
paid enough attention to the space. And you can literally
see ninety nine percent drops in these things in.
Speaker 4: Less than sixty seconds.
Speaker 5: So and like you said, the issue is and this
is true even with bitcoin, there is no real underlying
value as we define it today, meaning there is how
low can bitcoin go? It can go to zero, why
it doesn't produce cash flow. So I'm not saying it will.
I'm not even saying I think it will or say,
but what I'm saying is by these things will have
massive drops.
Speaker 4: And you know, in a lot of cases you're betting
on vapor.
Speaker 1: People have such a hunger for the easy way. Yeah,
you know, Jesus told us the way is the ways,
the path is narrow, the way is long. That's spiritual.
I think some of this is spiritual as well. They've
got people have holes. They want the easy way. And
I won't make a big deal about this because it's
one of my favorite stories. Meaning I've told fifty billion times.
But the people who run Adbusters, which is a communist
magazine put out by a very dangerous guy in Canada,
and they did come up with some cool ideas, and
one of his cool ideas was in Europe, they invented
a product. His name is Kylie layes On. I forgot
for a second. Kylie Laysan is the guy who started
that brilliant, deeply dangerous man and across Europe. They purchased
these beautiful billboard zach and this was twenty years ago.
White background, beautiful blue font, and they spent some time
designing this font. They put these billboards around. Then they
got street artists and they placed these in hipster areas
of town. They sponsored menus at hipster restaurants where they
would pay for the menu printing for the week and
it would say in it and here was the brand
name Nothing, And all and round Europe, people would go
into fragrance stores, perfume stores. Look are you gonna sell nothing?
But we're trying to get our hands on it. People
decided it was a fragrance, and other people decided it
was lingerie, and they would go into these high lingerine stores.
Hey are you going to be carrying that lingerie called Nothing?
It looks so cool. People were demanding nothing, and what
it turned out to be was an ad for their
buy nothing day, to take a day off from consumerism.
And all these people were conned, and their help was
to show them we created a hunger and a product
that doesn't exist in it.
Speaker 2: Even said nothing.
Speaker 1: Man, if that's not how easy it is to tell
anilate the flesh with the easy then nothing else shows that.
Speaker 4: I was gonna say it.
Speaker 5: There's there's certainly some uh, there's certainly some spiritual and
biblical parallels to that story in there.
Speaker 1: Oh yeah right, yeah, but see the Father of Lies
comes to mind. Absolutely.
Speaker 4: Yeah.
Speaker 1: I was always a pleasure to have you on my brother,
and I like the new background back there. I like
the new voice yell at your kids more often. Man,
it brings it brings a flavor to the show. Say
hi to the Blood family. We appreciate you, Zach and
gotta go with you. This is the Todd Hermer Show.
Please go be well, and be strong, and be kind,
and remember that the one true value, last thing value
comes when we're attached to the vine of Christ. Did
I say go, be well, be strong? I did? I
want I said it again, So assume me