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Speaker 1: Everything Seattle's promised to do for the little people is

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going to screw the little people. Zach Abraham joins us.

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We'll talk about this with the help of renew dot

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Healthcare and God Almighty.

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Speaker 2: But Todd Herman Show is one percent disapproved by big pharma,

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technicorrats and tyrants everywhere from the hind mountains of Free America.

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Here's the Emerald City exile, Todd Herman.

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

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are the times through which God has decided we shall live.

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And everything the Seattle Communists China model people are promising

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to do for the little people is going to screw

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the little people.

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Speaker 3: Zach Abraham joins me on the Todd Herman Show. Welcome,

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my brother.

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Speaker 1: How are we doing, sir, great, because I live in

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a state that's not going to go out and create

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a tax that is custom crafted to just come in and.

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Speaker 3: Crush the little guy. You guys, your Seattle tax.

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Speaker 1: There's a proposed income tax in your separate country of Washington.

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It would be eighteen percent in Seattle. It would be

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the top income tax in the country. Now here's the thing, Zach,

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this is for the people. This is too you'll get

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the rule pay their fair share always.

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Speaker 3: For the people.

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Speaker 1: But you were bringing up to me that there is

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an asterisk in this in relation to let's see, not

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mom and pop restaurants but Google, not mom and pop

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repara shops, but Microsoft, Facebook, et cetera.

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Speaker 3: So what is this?

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Speaker 4: So let me put this in the planet language possible.

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Not that it'll sway any boats, right, I won't sway

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anybody's opinion because to believe in these things you got

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to be insane already. So but let me lay this out,

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like buy the numbers right straight fast. I got my

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camera ears falling down a little bit. So perfect example

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of this would be looking at a small business in

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LLC and your income is what your income is? What?

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Speaker 2: Now?

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Speaker 4: What I will expect to see is I will expect

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to see Amazon. The big tech companies are probably boeing

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change their vesting policy. And here's why. Currently most of

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them are virtually everyone i've seen vests on a five

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year schedule. Let's say you've got a two million dollar

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compensation package. Most of these tech companies will probably pay

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you somewhere between four to six hundred thousand dollars a

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year in income, right, the rest of your comp will

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be paid out in stock comp via RSUs restrict restricted

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stock units. The RSUs are taxed income as they vest. Okay,

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So let's say you've got a four hundred thousand dollars

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a year salary. I'm actually basing this off of a

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good friend of mine's exact Complant and Microsoft, so this

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is very realistic. He makes about one to one point

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five million a year. Okay, So on average, i'd expect

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him paying that ten percent tax on three to five

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hundred thousand dollars been coming year. Okay, so about forty

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percent of his comp on an annual basis is salary.

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The rest of is paid in stock comp. That comp

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vests on a five year schedule. So you just sit

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down and do the mask. He can make one and

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a half million dollars a year, and because he's getting

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paid in stock comp, which the company also receives benefits from,

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because the company doesn't have to realize or pardon me,

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it doesn't hit their cash and it sort of artificially

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inflates their earnings and they basically pass that cost on

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via delution to the shareholders. Okay, So basically I'm looking

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at a tax policy that will hit the biggest and

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richest corporations in the world that happen to be stationed

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here in Washington, not at all. And this is a

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tax that ninety five percent of it will be burdened

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and parried by the middle class and small business family

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with small business owners. It's just plain and simple, that's

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what it is. Why because we don't have the ability

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to issue common stock and get caught our comp via

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that way. This is another classic example. And when I

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say classic example, I'm really having camera issues. They'll have

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to forgive me. When I say classic example, I mean

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this is how all of these economic policies that the

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left passes. It's so many of their followers and a

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lot of the politicians, right, it sounds good on the

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face of it. We're gonna you look as legislation and

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economic legislation and all these things get passed. What's happened.

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The gap between the rich and the poor continues to expand.

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At some point, you've got to sit there and go, guys,

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the road to hell is paid with good intentions. I

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don't think that the majority that's key. I don't think

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the majority of you intend these outcomes. But you have

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to quit adhering to dogma and look at the reality

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on the ground. And here's what's going to happen, Todd.

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None of those people will pay the tax. This tax

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will end up being revenue neutral to revenue negative. And

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here's why very few people people are gonna actually pay

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the tax. A lot of guys like me that don't

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have the the ability to play the billionaire game and

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issue shares of RSUs and dance around the compensation deal.

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We don't have the ability to do that. So what

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are we gonna do. We're gonna leave. Guess what we're

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gonna take with us our B and O and our

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excise taxes. Okay, so you're gonna get virtually no new

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revenue via this tax because all the people that have

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to pay it are gonna leave and can virtually all

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of them. But you are gonna lose all of their

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B and O and excise taxes. For me at Bulwark,

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B and O and X SiZ taxes added up to

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I don't know the exact number, but I want to

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say it was about three to three hundred and fifty

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thousand last year. So they're not gonna get my quote

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unquote millionaires tax and they're gonna lose three to three

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hundred and fifty thousand B and O and excise taxes.

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Speaker 1: That's that's we'll come back and say, well, now we

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need to have two percent raises of this. Now we

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need it to be a twenty five percent millionaire tax,

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and then we're gonna take it down to the seven

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hundred and fifty thousand dollars level. Then they're going to

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be coming at people who not yet they're paying two

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hundred and fifty thousand in bono taxes.

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Speaker 4: Yes, then they're gonna raise V and O tax yes,

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right right, and xis tax because we're not getting enough.

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And you look at him and go, oh my god, guys,

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you are the worst pattern recognition people in.

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Speaker 3: The world, or the best or the best.

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Speaker 4: Or the best. I really think the vast majority of

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these people in the state of Washington, I don't think

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that they have I don't think that they are nefarious enough.

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I think maybe Ferguson understands it, but I really think

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that this is just idiocy, cutting their nose off to

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spike their face. I don't think it's part of a

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grand master plan, because you're just they're gonna do they're

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gonna do nothing other than just latch out tax revenue.

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Speaker 1: Okay, well, but what if I could come with a

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video from way back in two thousand and nine. What

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if I could come with a video of a guy

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who has made a little bit of money investing tuddy

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bit and he talked about a managed decline. What if

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I could come in maybe throw that out there for

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your consideration. Okay, yeah, okay, So because I'll tell you something,

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I'll tell you about a case that I happen to

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know where you live now, I can't say, and we've

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been played a bunch of opscs. For instance, that screen

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behind Zac that's not real. You know, Zach's out on

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a yacht in the ocean, that's not real. But where

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you actually do live? I talk to a guy who

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owns three of the most beautiful Airbnb properties you've ever

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seen on that same body of water, and he asked

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me the same exact question.

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Speaker 4: And I know, I know, I know who you're talking about.

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Speaker 3: You know what I'm talking about.

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Speaker 1: Yeah, and then they've got their primary residence, which is

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insane and not far from those three homes, and he

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went through some math. I'll tell you what his plan.

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Here At a second, I'm going to go down to

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renew Healthcare in Mexico. This time it's not because of

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an ailment. There's probably an area or two of my

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body where I could use some stem cells instead of

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going down for their anti aging protocol, which of course

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contains stem cells, and in this case I the injection

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of stem cells. But far more than this, they're going

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to do a full epigenetic metabolic panel on me. They're

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gonna look at the a of I'm at now, my

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biological age compared to my chronological age. More importantly, they're

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gonna look at my rate of aging. How quickly am

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I getting to a point where I can't go do

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rope climbs or cleaning jerks, or I'm terrible at snatches

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but doing my little weird old man snatches. They're gonna

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look at a tome like that. But what's likely to

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take me out. They're going to do a very advanced

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heart screening. They're going to do three different cancer screenings

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that You're going to do a number of ivs target

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at my specific condition, five visits to the hyperbaric chamber,

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and then yes, an IV injection of their stem cells.

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Those stem cells from donors. They reject eighty to ninety

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percent of the cells, unlike the trash cells they use

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in America. If you're interested in understanding how quickly you're

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aging and being the CEO of your own healthcare, go

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ask them about this at renew r E NUE dot

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healthcare dot com. It's renew r E n UE dot healthcare.

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Speaker 3: So I'm talking to.

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Speaker 1: His friends and apparently you've met him, so maybe mutual friend,

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and I'm Zach.

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Speaker 3: These houses he.

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Speaker 1: Has, they are two of them are on a spit,

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so they've got water on both sides.

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Speaker 3: Just phenomenal.

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Speaker 1: Then the house above it view has a few of

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this house. Then they're primary residents. They've done so well

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in real estate. He is looking at leaving, selling those

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houses done or giving them to nonprofits. Okay, so now

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they're nonprofitentities, So giving them to his church, so now

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they can house pastors and people who come and visit

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with the church.

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Speaker 3: Okay, look at that.

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Speaker 1: Then they come over here and buy and they're gone,

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except they're going to keep a tiny little apartment next

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to the church that they help run. And so now

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they're paying you know, one thousand bucks a month for

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a tiny little studio apartment, and he wants to send.

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Speaker 3: Your dictator, Bob ferguson a note saying you win.

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Speaker 4: Yeah. Yeah, No, here's yeah, and here's the killer.

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Speaker 2: You know.

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Speaker 4: I don't want to leave, I know, but but like

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I told Brandy, our good friend, Brandy Cruz, I said,

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so this tax is a different one to me, and

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this one is a deal breaker for me. And the

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reason why is like, and there's plenty of example to this,

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so it's not like this is new. Yeah, but this

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in particular tax is a direct violation of the constitutional

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law Washington State.

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Speaker 1: The constitution says all taxes in Washington State and income

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must be leveled equally against everybody.

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Speaker 4: Yep, yeah, basically saying that there will never be basically

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am implying that there will never be an income tax.

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Speaker 2: Yeah.

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Speaker 4: So they are in direct violation of the law. A

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that is I've got a problem with that. And then

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b there, I told Brandy, I said, this pushes it

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over the edge for me because this is no longer

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a financial or a business decision. It's a moral decision

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because I will not let you illegally take from me

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what is mine to use against me and those that

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I love and against my values. I will not arm

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the gun that you would use to kill me in mind,

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I won't do it. You will lose my revenue. I

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am gone. I will maintain my beautiful home here so

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I can spend the five months out of the year here.

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And you will lose my excise tax. You will not

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get one ounce of my income. You will lose my

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b and O and you win. Just like your buddy said,

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right done. I will not pay this tax.

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Speaker 1: And they don't see this coming, but they should because

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some of the people who fund their campaigns. This is

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back in the day two thousand and nine. George Soros,

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a world economic firm, young global leader. He's talking with

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Christoph FRIELNZ who wanted to be a boss lady up

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in Canada.

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Speaker 3: Listen to this or watch this.

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Speaker 4: What sort of a financial deal should Obama be seeking

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to strike when he travels to China next month.

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Speaker 5: No, I think this would be the time, because you

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really need to bring China into the creation of a

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new world order financial order. So I think you need

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a new world order that China has to be fought

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of the process of creating it, and they have to

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buy in.

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Speaker 4: They have to own it.

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Speaker 5: And I think this would be a more stable one

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where you would have a coordinated policies.

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Speaker 4: Given this continued weakness in the US economy, are people

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right to start to be concerned about the dollar?

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Speaker 5: An orderly decline of the dollar is actually desirable. A

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decline in the value of the dollar is necessary in

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order to composite for the fact that the US economy will.

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Speaker 4: Remain rather weak.

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Speaker 5: China will emerge as the motor replacing the US consumer,

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so there would be a slow decline in the value

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of the dollar, managed decline.

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Speaker 1: Zach, I mean, I guess the thing is that I

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would ask, is this guy funds a bunch of their campaigns.

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You said that your dictator, Ferguson might know what's going on.

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I think he does because he's probably the most dangerous,

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second only to Waltz governor in the country, most dangerous

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because he's smart.

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Speaker 3: Gavin Newsom's not that smart.

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Speaker 1: He funds guys like this, and here he is saying

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that a managed decline of the US dollars not only.

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Speaker 3: Necessary but desirable.

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Speaker 1: Okay, A, how do you respond to a guy who

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says that in two thousand and nine and b you

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don't think this is locked into some of their ideas.

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Speaker 2: No.

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Speaker 4: I think it certainly is, but I don't think. I

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think you've got to kind of look at it in

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a by a bipolar way, for lack of a better term, meaning,

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I think there are those that do see what you're

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talking about in the intentionality behind it and the purpose

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behind it. But I think the vast majority of them

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go along with it because it passes this. It sounds good, right,

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like we want to live in an imaginary world. Well, yeah,

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let it, we need more revenue, but let the rich people, right,

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the vast majority of them to go along with it,

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because it's you know, the old age, old trick, right.

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We're just going to defer all that to the quote

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unquote reason people. What he said about the dollar, what's

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funny to me is that he said it in two

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thousand and nine, meaning he was clearly way out ahead

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of the curve where we sit now. For economic reasons,

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we actually do need to appreciate the value of the dollar,

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because that's really going to be the Trump said yesterday

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he's in favor of a strong dollar. He said that

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simply because the dollar got freaking kneecapped. I mean, we

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were down one point four percent in a single day.

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That is the dollar getting pounded. The administration can say

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whatever they want. I am telling you behind the scenes,

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they would concur for different reasons, at a different pace

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and a different rhythm, but they would concur. We want

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a weeker dollar if they don't have a weaker dollar,

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bringing back manufacturing here isn't viable.

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Speaker 1: Casey got to explain that because we've been taught our

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whole lives we want a strong doll or I hear sorrows,

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and I hear a guy who hates our country wants

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to see it destroyed. Now he has said America needs

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to be taken down a few notches. He is actively

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seeking to destroy this country.

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Speaker 3: Yes, with all his.

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Speaker 1: Foundations and and you know, open air drug use and

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prosecutors to what prosecute crimes. So when I hear that

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coming out of his mouth, then I want to My

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instant instinct is, Okay, that's him speaking evil.

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Speaker 3: But you are not the same, dude.

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Speaker 1: You're a guy who follows the lord and abides, and

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you don't want evil, So you gotta you gotta explain.

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Speaker 4: This so this doesn't look there's the ideal way of

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handling it, in my opinion, and there's gonna be a

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lot of debate around that. Then there's the practical way,

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right injecting the politics and things that we know have

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to take place. Meaning you know, there's always this thing

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in government where it's like, hey, okay, we've got this issue,

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We've got a way to solve this issue. We can

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fix it, and we can fix it in ten years.

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The next question is is it politically viable, right, Like,

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if we work inside of that constraint, right, So what

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I mean by that is saying, if we do not,

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if the dollar is not weaker. The other thing I

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think we have to acknowledge is the dollar is very

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much right now on the high side of historical norms. Okay,

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it really is. It's weird to say, but everybody needs

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to understand that inflation is not necessarily the dollar losing power.

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Like with the kind of inflation we're having right now,

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virtually every currency of losing purchase and power. Okay, So

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the dollar is not losing compared to other currencies. It

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has been a little bit recently, but like I said,

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you look at the high range. I mean, we were

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coming off of a dxy level the Dollar Index at

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one fifteen, with the highest range in the last couple

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of years. Okay, you go back to the year two thousand,

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The highest level over the last twenty five thirty years

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for the DXY is like one twenty three, So you're

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really far up there. If you want to bring manufacturing back,

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you've got to have the dollar weaker against other currencies

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or it won't be viable to It won't be viable,

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meaning the cost to produce things here will outpace any

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economic advantage you get by producing them here. They will

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be too expensive for people to buy in other places. Right,

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So it's why people were outsourcing to China anyway. So

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what you need to do now. Then, on top of it,

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you've got this weird scenario where we're drownding in the

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most amount of debt we've ever had, one hundred and

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thirty percent debt to GDP. We're running seven percent fiscal

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deficits per year, which is out of this world, right,

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And at the same time, one of the biggest impediments

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to bringing manufacturing back to the United States is the

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dollar being strong, right, So it's a weird world that's

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been created by central banks printing money out of thin

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air to boost the economy. The reason the dollar's been

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strong is it's the only economy that could print in

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adam finitam and not suff for currency degradation. So think

355
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about it. If you have a reserve currency that is

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the one currency that everybody has to own, therefore making

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it the one currency that can print as much as

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it wants. In a weird perverse world, that currency becomes

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the most highly valued.

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Speaker 2: Right.

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Speaker 4: So, the way you get out of all the debt,

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there's two ways to handle this from an economic point

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of view. You do it the hard way, meaning you

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cut back spending and based on the orgy of spending

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that we've had over the last twenty five years, that

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will undoubtedly cause a nasty recession, which isn't going to

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be politically viable. Whoever does that will get it bousted

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out office because nobody wants to deal with it right.

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Or you take the path, which's what we're taking. Is

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the other way you deal with too much debt is

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you decrease the value of the dollar by then you

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flip side. Is you ramp up GDP on an you know,

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on an inflation adjusted basis that doesn't go higher but

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you see nominal growth rates between seven and nine percent.

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You try to hold spending steady and you grow the

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economy versus the spending. And now that's easy to say,

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how often does it work. It never works as good

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as you lay it out, because the government's very rarely

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freees spending, right, So what you usually end up having

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these types of dynamics are what typically leads to hyperinflation.

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So look, I mean, at the end of the day,

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the dollar being worth zero is an inevitable outcome. Every

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Fiat currency goes to zero eventually. I don't think that

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that is anywhere near in the future. But the flip

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side is is, at least on a financial level, that's

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a really easy risk to hedge. So you know, it's

387
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it's despicable. But where I was going with that when

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I said that, I don't think that the average person

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understands what we just laid out right there. That's pretty

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thick in the weeds economic ways of thinking about it, right,

391
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It's pretty wonkish the average person. You know, even when

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I listen to a Bob Ferguson talk, he doesn't understand

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what I'm just talking about. I'm convinced of that, and

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The reason why I say this thought is that you

395
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get involved in enough of these conversations, and I think

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it's a referendum on our education system. Honestly, when you

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sit down with a lot of these very intelligent, very educated,

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especially liberal leaning people, and you get into the world

399
00:20:29,799 --> 00:20:33,720
of finance and economics, what you quickly understand is they

400
00:20:33,839 --> 00:20:40,720
know only sound bites. They are economically illiterate. And I

401
00:20:40,759 --> 00:20:43,759
don't say that as a dog on them, right, I

402
00:20:43,759 --> 00:20:47,000
don't say that ripping them. I say it because it's

403
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one of those things where, look, I hear again there

404
00:20:50,240 --> 00:20:53,960
are the bad actors that have nefarious intentions the vast majority.

405
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I hear them talking, and I go, I understand what

406
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it is that you're trying to do. You do not

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understand that you are going to engender the exact opposite

408
00:21:02,599 --> 00:21:06,079
outcome that you think you're going to get. And here's

409
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why you don't understand the way economics work. And it's

410
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let me.

411
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Speaker 1: Put an explanation put on this. At least you know,

412
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from a simpleton's perspective, there was a woman who married

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into our family and this is you know, decades ago,

414
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and she and I used to be good friends.

415
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Speaker 3: She's a little older fifteen years older than me. But

416
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we were good friends.

417
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Speaker 1: And then politics entered and there was a divorce, and

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you know, and she left the family, and you know,

419
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I don't believe her friends anymore. On a Facebook argument

420
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that went to a private message, So this isn't things

421
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other people were seeing, she said to me about high

422
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income taxes. I was talking about profits. She said, here's

423
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my question. By the way, Zach, this woman has two

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master's degrees, okay, from Stanford too. She consults companies on hiring,

425
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and she consults colleges and schools on curricula, and at

426
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a high level question, she goes, here's what I truly

427
00:22:14,640 --> 00:22:16,960
don't understand. Why does a business everything's earn a profit?

428
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That's that's that's And that was a legit question. She

429
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did not understand what profits were or why you would

430
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incentivize businesses to be able to earn them.

431
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Speaker 3: That's the level of incompetence.

432
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Speaker 1: It exists within that. And I had to write back

433
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to her and say, why do you think people are

434
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in business?

435
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Speaker 4: Well? Why, more more importantly, what do you think led

436
00:22:46,480 --> 00:22:49,599
to the collapse of the Soviet Union? You had a

437
00:22:49,599 --> 00:22:52,400
lot of businesses that didn't create profits are right now

438
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you want to look I want to look at her

439
00:22:53,640 --> 00:22:57,440
and go, ma'am. The world you just described is a

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liberal's worst nightmare. Nobody has anything. There is zero productivity.

441
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Everything is falling apart. When when you see, and here's

442
00:23:08,519 --> 00:23:14,240
the problem, the all of their legislation, inadvertently, and I

443
00:23:14,279 --> 00:23:17,680
think for the vast majority of them, it's unintended. All

444
00:23:17,720 --> 00:23:21,559
of their legislation does it not only squeeze small business,

445
00:23:22,079 --> 00:23:26,960
it keeps giving the massive corporations the advantage. And they

446
00:23:27,039 --> 00:23:30,319
and the majority of those politicians do not get it.

447
00:23:30,880 --> 00:23:33,400
And I'm like, guys, they're the So what are you

448
00:23:33,519 --> 00:23:36,680
going to do when those businesses leave the state of Washington.

449
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Guess who's going to fill in their place? The massive

450
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corporations that will get larger. Guess what a lot of

451
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Guess what a lot of small family owned farms are

452
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going to do. And ranchers are going to do. They're

453
00:23:48,519 --> 00:23:50,240
going to sell out tod who they going to sell

454
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to the big boys. And they they don't get it.

455
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And the big boys can summach it because if it's

456
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one of the thirty eight locations they have nationwide. Yeah, right,

457
00:24:06,000 --> 00:24:08,720
that's fine. We'll make a little less profit over here,

458
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but we'll make up for it over here. The mom

459
00:24:10,720 --> 00:24:11,680
and pop can't do that.

460
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Speaker 1: And you know, and I know that if our mutual

461
00:24:13,599 --> 00:24:16,480
friend were to sell their four homes on the water

462
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near where you live, and they were all available at

463
00:24:19,279 --> 00:24:21,160
the same time, do you think it's going to be

464
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individuals first up to go buy those things?

465
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Speaker 4: No?

466
00:24:23,880 --> 00:24:27,319
Speaker 3: No, you're talking about millions and millions and millions of

467
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dollars of real estate.

468
00:24:28,680 --> 00:24:30,279
Speaker 1: And you'd have one of the bigs coming and go, oh,

469
00:24:30,319 --> 00:24:33,400
looks like we've have to do four new Airbnb locations.

470
00:24:33,400 --> 00:24:34,960
One of them we can split up into four. Now

471
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we'd have eight brand new Airbnb locations. And that's exactly

472
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what they do. So there's another story that came out

473
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of the separate country of Washington State. And I want

474
00:24:45,640 --> 00:24:49,440
to look at this from I think the most challenging perspective,

475
00:24:49,480 --> 00:24:53,160
which is as a Christian business owner. So and we

476
00:24:53,200 --> 00:24:55,200
are you know this is Zach that one of the

477
00:24:55,240 --> 00:24:57,559
big things you might hear this from time. Sometimes in

478
00:24:57,599 --> 00:25:01,599
business you might hear business owners say, look, church's church

479
00:25:01,680 --> 00:25:05,319
businesses business. So I'll go out and be a Christian

480
00:25:05,680 --> 00:25:07,720
when I'm out in church and doing those things. But

481
00:25:07,759 --> 00:25:10,079
when it's behind the scenes and it's running my business. Hey,

482
00:25:10,359 --> 00:25:12,799
I need to handle that as a man, right, not

483
00:25:13,359 --> 00:25:15,279
as a Christian. So we'll dig into this yet a

484
00:25:15,319 --> 00:25:18,920
second with Zach Abraham. My friend Tim Krukshink is doing

485
00:25:18,960 --> 00:25:22,480
the Coffee Crush Giveaway, the Great Coffee Crush Giveaway.

486
00:25:22,759 --> 00:25:24,920
Speaker 3: This is obviously for February.

487
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Speaker 1: The month of Valentine's Day, because in bone frog Land,

488
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coffee is.

489
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Speaker 3: Sort of a love language.

490
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Speaker 1: So the Coffee Cush Giveaway gives you an opportunity in

491
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492
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493
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494
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fifty dollars a gift card. It's the easiest contest you

495
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will ever enter. Just go to the social media platforms

496
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497
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498
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499
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you follow them so they can get touch with you

500
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in case you win. Tim will notify the winners via

501
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direct message. You have to be a US resident to enter.

502
00:26:06,480 --> 00:26:09,839
No purchase is necessary. This runs all month and there's

503
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one entry per person per platform. Winners selected absolutely randomly

504
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at is Bonefrog Coffee dot com slash Todd promo code

505
00:26:19,119 --> 00:26:20,799
Todd if you want to buy coffee, but while you're there,

506
00:26:20,799 --> 00:26:23,440
to make sure that you enter the Great Coffee Crush

507
00:26:23,599 --> 00:26:28,000
giveaway bone Frog on social media. So Zach Abraham, chief

508
00:26:28,039 --> 00:26:32,480
investment officer Bow Capital Management, joins us and Zach, this

509
00:26:32,519 --> 00:26:33,680
is a news story out.

510
00:26:33,559 --> 00:26:34,279
Speaker 3: Of your region.

511
00:26:35,000 --> 00:26:36,920
Speaker 1: I want to run the whole thing because there were

512
00:26:36,960 --> 00:26:38,839
people who found out about this or the news. I

513
00:26:38,880 --> 00:26:42,200
know people who work at Amazon. They did not get

514
00:26:42,200 --> 00:26:44,440
the email, they got the news story.

515
00:26:44,559 --> 00:26:47,759
Speaker 6: I think now is happening again, another major round of layoffs,

516
00:26:47,799 --> 00:26:50,359
and now says morning by Seattle mas Amazon Stave is

517
00:26:50,359 --> 00:26:50,799
at the Live.

518
00:26:50,720 --> 00:26:53,240
Speaker 4: Dust tracking the overnight developments and how this will affect

519
00:26:53,279 --> 00:26:54,400
workers around the globe.

520
00:26:54,440 --> 00:26:57,000
Speaker 6: And if you're watching right at over the past couple

521
00:26:57,039 --> 00:26:59,240
of weeks, you've likely seen that this was coming and

522
00:26:59,400 --> 00:27:02,079
was expected did today so live pictures coming in from

523
00:27:02,119 --> 00:27:05,960
the Amazon spheres. This is in Seattle's Southlake Union neighborhood.

524
00:27:05,960 --> 00:27:08,839
The company confirming early this morning it is cutting sixteen

525
00:27:08,880 --> 00:27:12,039
thousand jobs worldwide and the second major round of layoffs

526
00:27:12,279 --> 00:27:14,759
at the Seattle based company in just the past three months.

527
00:27:14,759 --> 00:27:17,480
So one of the company's executives confirming the move in

528
00:27:17,559 --> 00:27:20,599
this new letter. This was posted on Amazon's news website

529
00:27:20,599 --> 00:27:21,279
early this morning.

530
00:27:21,319 --> 00:27:22,640
Speaker 4: So let's dig into the numbers here.

531
00:27:23,119 --> 00:27:26,559
Speaker 6: Those new layoffs are Amazon's biggest since twenty twenty three,

532
00:27:27,039 --> 00:27:30,359
when the company cut twenty seven thousand jobs. Last October,

533
00:27:30,440 --> 00:27:34,200
will remember Amazon slashed fourteen thousand white collar jobs that,

534
00:27:34,359 --> 00:27:37,960
combined with this new round of layoffs this morning, represents

535
00:27:38,039 --> 00:27:41,440
a small portion of the company's one point six million employees,

536
00:27:41,480 --> 00:27:44,839
but nearly ten percent of its corporate workforce. The move

537
00:27:44,920 --> 00:27:48,519
comes as Amazon restructures after over hiring during the COVID

538
00:27:48,559 --> 00:27:52,079
nineteen pandemic. It looks to expand its adoption of artificial

539
00:27:52,079 --> 00:27:55,119
intelligence tools. The latter we expected to affect workers in

540
00:27:55,160 --> 00:27:56,400
Amazon Web services.

541
00:27:56,759 --> 00:28:00,680
Speaker 1: So then they mentioned the AI overstaffing during the COVID

542
00:28:00,680 --> 00:28:03,640
lockdowns because of course everyone's gone back into physical shopping,

543
00:28:03,640 --> 00:28:07,440
which I don't believe, and then looking to invest in AI.

544
00:28:08,079 --> 00:28:10,720
So number one, you are on this, you track AI.

545
00:28:10,759 --> 00:28:13,359
You're doing this in your webinar coming up January twenty nine,

546
00:28:13,400 --> 00:28:16,759
three point thirty. How much of this in your intel

547
00:28:17,279 --> 00:28:19,079
is about AI. And then I want to look at

548
00:28:19,079 --> 00:28:21,920
this from a perspective of a Christian business owner and

549
00:28:22,119 --> 00:28:24,720
AI being a reality, should we as.

550
00:28:24,720 --> 00:28:26,359
Speaker 3: Christians even give into this? So do you think this

551
00:28:26,440 --> 00:28:27,200
is related AI?

552
00:28:28,519 --> 00:28:34,160
Speaker 4: Yeah? Look, I think the corporate corporate moves like this always. Yeah,

553
00:28:34,240 --> 00:28:37,200
you and I talk about this. It's never one thing. Yeah, right,

554
00:28:38,839 --> 00:28:41,960
But what I think is that, and this is the

555
00:28:42,039 --> 00:28:45,200
argument I've been making about the moves that Washington State

556
00:28:45,279 --> 00:28:48,680
is doing. They're making it too easy to leave, They're

557
00:28:48,680 --> 00:28:52,880
making it too easy to eliminate employees. Meaning if you're

558
00:28:52,920 --> 00:28:55,240
looking at Amazon right now, and let's say we're sitting

559
00:28:55,240 --> 00:28:58,119
in that boardroom with them, yeah, it's not should we

560
00:28:58,200 --> 00:29:02,279
do it? Does anybody have a reason shouldn't? Okay, you

561
00:29:02,279 --> 00:29:05,759
know what I mean. And and when you're passing the

562
00:29:05,880 --> 00:29:10,319
kind of legislation that this state is passing, they already

563
00:29:10,359 --> 00:29:12,920
chase the founder of Amazon out of the state effectively,

564
00:29:13,119 --> 00:29:17,240
right you're looking at Yeah, you're looking at Amazon and going, guys, look,

565
00:29:17,559 --> 00:29:20,759
it's very clear that the legislature, the legislature here isn't

566
00:29:20,759 --> 00:29:25,680
favorable to us, to the individuals. Yeah, I like, for instance,

567
00:29:25,720 --> 00:29:29,079
if you're Amazon and you want to trim staff because

568
00:29:29,200 --> 00:29:31,000
of AI and all that kind of stuff. Where are

569
00:29:31,000 --> 00:29:33,640
you gonna where are you gonna trim? They got places

570
00:29:33,680 --> 00:29:35,039
all over the world. I'm gonna trim here.

571
00:29:36,359 --> 00:29:39,519
Speaker 1: So okay, this is an important point. So why why

572
00:29:39,599 --> 00:29:41,440
not trim around the world. We're gonna trim here because

573
00:29:41,440 --> 00:29:43,559
they hate us here, because they make it easy here,

574
00:29:43,559 --> 00:29:44,880
because the math doesn't work here.

575
00:29:45,359 --> 00:29:48,119
Speaker 4: Yeah, you're right, and and it's and it's you know,

576
00:29:48,920 --> 00:29:50,599
the other thing you look at is it's a place

577
00:29:50,599 --> 00:29:52,799
for the really highest standard of living. So all the

578
00:29:52,880 --> 00:29:57,240
people that you have here are probably your highest paid employees. Right, So,

579
00:29:57,759 --> 00:29:59,279
like you're looking at and go, and that's what these

580
00:29:59,319 --> 00:30:01,960
people don't under I'm sitting there going you, guys, you

581
00:30:02,039 --> 00:30:06,799
are making yourself ground zero for people leaving, for people

582
00:30:07,200 --> 00:30:12,039
losing their jobs. Like just you keep passing wave Starbucks

583
00:30:12,119 --> 00:30:14,960
and shutting down locations Starbucks and probably these are companies

584
00:30:14,960 --> 00:30:18,240
that are from Seattle. Why are they doing this because

585
00:30:18,920 --> 00:30:22,200
they need to because they've got a fiduciary responsibility to

586
00:30:22,200 --> 00:30:25,640
their shareholders. And you're sitting there looking at those companies, going, guys,

587
00:30:25,680 --> 00:30:27,519
why do you have a presence in a state that

588
00:30:27,640 --> 00:30:31,599
is determined could drive you out, like capitulate, like you said,

589
00:30:31,799 --> 00:30:34,319
like your buddy said, send the note to the governor

590
00:30:34,359 --> 00:30:35,039
and say you win.

591
00:30:35,400 --> 00:30:35,799
Speaker 3: I'm done.

592
00:30:35,920 --> 00:30:36,119
Speaker 2: Yep.

593
00:30:36,319 --> 00:30:40,160
Speaker 1: So yeah, this is something that I look at a

594
00:30:40,160 --> 00:30:42,720
lot now with AI, because you know, my producer, Alex

595
00:30:42,799 --> 00:30:44,680
is sitting across from us, is a very good friend

596
00:30:44,680 --> 00:30:46,640
of mine, and he's been with me since the radio days.

597
00:30:47,400 --> 00:30:48,880
He was kind of enough to come to me and

598
00:30:48,960 --> 00:30:50,880
say one day, you know that you could replace a

599
00:30:50,880 --> 00:30:54,119
lot of what I do with AI. And I said, yeah,

600
00:30:54,160 --> 00:30:57,079
but not your soul something like that, Not your talent,

601
00:30:57,200 --> 00:30:59,440
not the time we spend together in the studio, not

602
00:30:59,519 --> 00:31:01,839
someone who helps me think through segments or puts up

603
00:31:01,920 --> 00:31:04,680
great story suggestions. A couple of things you know we're

604
00:31:04,720 --> 00:31:06,960
doing this week only came from Alex's mind.

605
00:31:06,759 --> 00:31:07,720
Speaker 3: And his creativity.

606
00:31:08,480 --> 00:31:12,920
Speaker 1: So and also as a Christian, I question whether Christian

607
00:31:12,960 --> 00:31:16,640
business owners can fully give into AI. Even if an

608
00:31:16,680 --> 00:31:19,480
AI could sit in the studio and edit things and

609
00:31:19,519 --> 00:31:21,279
steer the cameras in the right way, or I didn't

610
00:31:21,279 --> 00:31:22,599
even need to go into the studio.

611
00:31:23,279 --> 00:31:26,279
Speaker 3: I mean, Zach, your guy who abides with God. You

612
00:31:26,400 --> 00:31:28,519
know you've you know, God has blessed you guys.

613
00:31:29,279 --> 00:31:33,000
Speaker 1: Oh and You're in a business where how many how

614
00:31:33,000 --> 00:31:34,319
many quants.

615
00:31:33,880 --> 00:31:35,400
Speaker 3: And people could you replace with AI?

616
00:31:38,519 --> 00:31:43,720
Speaker 4: Truthfully, and I've thought a little bit about this. By

617
00:31:43,799 --> 00:31:48,920
deploying AI, and if I was looking for just pure efficiency,

618
00:31:49,000 --> 00:31:51,279
I could probably knock seven hundred and fifty thousand a

619
00:31:51,319 --> 00:31:56,559
year off my payroll. Yeah. Yeah, and so and thet.

620
00:31:56,880 --> 00:31:58,759
Speaker 1: I have my money with you, most of my money.

621
00:31:59,359 --> 00:32:00,880
Why am I not saying will Zach do that and

622
00:32:00,880 --> 00:32:01,839
return the savings to me?

623
00:32:05,400 --> 00:32:08,640
Speaker 3: Well, I'll tell you why. Can I tell you why?

624
00:32:09,079 --> 00:32:12,680
Speaker 1: Because I don't want to be around you, Yeah, making

625
00:32:12,720 --> 00:32:14,640
those trades. I'll tell you why, Zach is because I

626
00:32:14,680 --> 00:32:17,480
know some of your team. Yeah.

627
00:32:16,960 --> 00:32:19,440
Speaker 3: And I'll tell you further, I don't trust Ai.

628
00:32:20,559 --> 00:32:20,720
Speaker 4: No.

629
00:32:20,880 --> 00:32:22,119
Speaker 1: One of the reasons I want to be with you

630
00:32:22,160 --> 00:32:23,880
is because you have the struggle. Other people don't have

631
00:32:23,880 --> 00:32:25,759
the struggle. Maybe it's because they don't have God in

632
00:32:25,759 --> 00:32:26,200
their life.

633
00:32:27,039 --> 00:32:31,079
Speaker 4: Well, it's also because of what you what you referenced

634
00:32:31,079 --> 00:32:34,000
earlier about you know, what is a Christian business owner?

635
00:32:34,079 --> 00:32:36,119
And you know there's my church life and there's my

636
00:32:36,160 --> 00:32:39,680
business life. With all due respect to everybody that thinks

637
00:32:39,720 --> 00:32:43,559
that I get where you're coming from, I just think

638
00:32:43,599 --> 00:32:46,559
that that is one hundred percent backwards. I think the

639
00:32:46,599 --> 00:32:49,720
Bible talks about it very specifically, and I'll give you

640
00:32:49,720 --> 00:32:51,640
a perfecting to people, What do you mean the Bible

641
00:32:51,680 --> 00:32:55,400
talks about specifically? You know, it lifts up people that

642
00:32:55,440 --> 00:32:57,640
are the most productive. It does. But you're forgetting a

643
00:32:57,680 --> 00:33:02,079
certain verse where it talked about when your crops are overflowing,

644
00:33:02,519 --> 00:33:06,400
do you build up another storehouse? Right? So I look

645
00:33:06,440 --> 00:33:09,720
at cutting back headcount for AI, that's building up another

646
00:33:09,759 --> 00:33:11,440
storehouse in my opinion.

647
00:33:11,480 --> 00:33:13,279
Speaker 3: Well, and you can also look at it as withholding

648
00:33:13,720 --> 00:33:14,799
wages from the workers.

649
00:33:15,680 --> 00:33:18,519
Speaker 4: Yeah, yeah, that's that too. The other thing is is

650
00:33:18,559 --> 00:33:22,279
that and I firmly believe this, and I think this

651
00:33:22,359 --> 00:33:23,920
is going to be the true. I think this is

652
00:33:23,960 --> 00:33:28,880
going to be true for investing probably into perpetuity, I think,

653
00:33:31,039 --> 00:33:35,680
with some exceptions, but the team aspect of things cannot

654
00:33:35,720 --> 00:33:37,960
be overlooked in my opinion, you know, and I think

655
00:33:38,000 --> 00:33:42,559
we all know this, right, yeah, just because everything always

656
00:33:42,599 --> 00:33:45,680
looks so neat on spreadsheets, dollars and cents, more profit,

657
00:33:45,720 --> 00:33:48,240
all that kind of stuff, But what about the collaboration.

658
00:33:48,599 --> 00:33:52,519
You know, how many times I probably spend between an

659
00:33:52,519 --> 00:33:55,119
hour and a half to two hours a day just

660
00:33:55,160 --> 00:33:57,960
sitting in an office with my guys and just talking

661
00:33:57,960 --> 00:34:00,799
about things, right, just throwing around is doing all that

662
00:34:00,880 --> 00:34:01,799
kind of I can't do.

663
00:34:01,759 --> 00:34:04,480
Speaker 1: That with AI, right, right, And it's not good that

664
00:34:04,519 --> 00:34:07,319
man is alone. And it's fools that make decisions on

665
00:34:07,359 --> 00:34:09,760
their own. A wise person seeks wise counsel and the

666
00:34:09,800 --> 00:34:12,000
wise counsel of fellow human beings.

667
00:34:12,440 --> 00:34:12,559
Speaker 2: Right.

668
00:34:13,519 --> 00:34:15,760
Speaker 1: But look, here's here's a reality that as a guy

669
00:34:15,800 --> 00:34:18,159
who tries to put God's word at the center of

670
00:34:18,159 --> 00:34:20,920
everything we do, tries to get out of my way

671
00:34:21,079 --> 00:34:25,280
trying to do this here. So I'm writing a book

672
00:34:26,440 --> 00:34:31,000
and I speak forty hours a week or more. So

673
00:34:31,039 --> 00:34:33,840
there's a bunch of content I've spoken. And I found

674
00:34:33,840 --> 00:34:36,320
out that there is a transcription service I'm using, so

675
00:34:36,320 --> 00:34:37,960
I put the audio up there and Alex helped me

676
00:34:37,960 --> 00:34:40,400
introduce me to this, so it listens to the audio,

677
00:34:40,440 --> 00:34:44,480
it transcribes it. I put it into an AI and

678
00:34:44,559 --> 00:34:47,400
I said, here's your task. I gave it a good prompt.

679
00:34:47,519 --> 00:34:52,320
You are a ghost writer working with a nationally recognized national.

680
00:34:52,239 --> 00:34:54,880
Speaker 3: Radio talk show host, Christian I gave it a good.

681
00:34:54,719 --> 00:34:58,400
Speaker 1: Solid prompt. And you are taking this and not changing

682
00:34:58,440 --> 00:35:01,920
it just to change it, but you're taking an audio

683
00:35:01,920 --> 00:35:06,360
presentation and making it more presentable for reading, and zach

684
00:35:06,400 --> 00:35:08,480
what it spit back at me was actually pretty good.

685
00:35:09,440 --> 00:35:14,119
And then I said, the asides and the things that

686
00:35:14,159 --> 00:35:19,199
this host draws during the program, those are not bugs.

687
00:35:19,199 --> 00:35:21,559
Those are features of the way he does his show.

688
00:35:22,159 --> 00:35:25,679
And it so changed that it went back and said, okay,

689
00:35:26,280 --> 00:35:27,679
and now it change it. Now I'm looking at this

690
00:35:27,719 --> 00:35:31,559
going that sounds like me. And then Zachett said this

691
00:35:31,880 --> 00:35:35,320
after a couple of chapters, and it came back and said,

692
00:35:36,199 --> 00:35:40,039
would you like and it says me to highlight some

693
00:35:40,079 --> 00:35:44,800
of the repeated motifs that are appearing in this and

694
00:35:44,880 --> 00:35:45,199
some of.

695
00:35:45,159 --> 00:35:51,039
Speaker 3: The repeated parables the host is sharing and some of

696
00:35:51,079 --> 00:35:51,719
the themes.

697
00:35:52,440 --> 00:35:54,440
Speaker 1: Would you like him to highlight it? And then the

698
00:35:54,480 --> 00:35:57,639
AI said this because what you're writing is very important.

699
00:35:58,719 --> 00:36:01,960
It's really personal. It's really going to help a lot

700
00:36:02,000 --> 00:36:05,039
of people. It's not just a book. It's a way

701
00:36:05,039 --> 00:36:08,440
of thinking about living for God. This isn't this is

702
00:36:08,679 --> 00:36:13,400
this is software speaking to me. And it's crazy, dude,

703
00:36:13,480 --> 00:36:17,119
It is crazy, And I refuse to call it you.

704
00:36:17,719 --> 00:36:20,519
Speaker 3: I always say, can this, I AI? This, AI do this?

705
00:36:21,519 --> 00:36:24,159
And when I started to act that way, it backed off.

706
00:36:26,360 --> 00:36:29,440
Speaker 1: It just began doing the tasks until I got like

707
00:36:29,480 --> 00:36:32,280
six or seven chapters in and went back, can this

708
00:36:32,360 --> 00:36:36,360
AI analyze the body of work compared to this? And

709
00:36:36,760 --> 00:36:38,679
then it started to interact with me again, or you know,

710
00:36:38,800 --> 00:36:41,599
pretend to interact. So here's where I'm at with my heart.

711
00:36:42,679 --> 00:36:45,639
I can't release this book without telling people there was an.

712
00:36:45,480 --> 00:36:46,719
Speaker 3: AI assist in this.

713
00:36:47,760 --> 00:36:52,599
Speaker 1: But I also cannot imagine a world where I would

714
00:36:52,599 --> 00:36:56,679
completely surrender to AI because Zach I could have put

715
00:36:56,719 --> 00:36:58,960
everything up there. I could have the book done by now.

716
00:36:59,440 --> 00:37:04,000
Oh yeah, okay, but I see ads every day on

717
00:37:04,039 --> 00:37:09,239
Facebook have a book written in forty hours. And I

718
00:37:09,280 --> 00:37:11,920
had someone get in touch with me who said, given

719
00:37:11,960 --> 00:37:15,360
the massive content you have, if you would just let

720
00:37:15,400 --> 00:37:18,480
me write an algorithm and crawl the database of your content,

721
00:37:18,960 --> 00:37:20,800
I know I could come out and write three books

722
00:37:20,800 --> 00:37:23,679
for you, and I could have it done in a

723
00:37:23,719 --> 00:37:28,039
matter of weeks. As a Christian man, can I do that?

724
00:37:28,119 --> 00:37:31,320
And as a Christian man, can you ever back? Would

725
00:37:31,360 --> 00:37:32,360
you ever back me doing that?

726
00:37:33,760 --> 00:37:36,760
Speaker 4: It depends on how you did it. I mean meaning

727
00:37:36,920 --> 00:37:39,599
if you edited it carefully and really ensured and went

728
00:37:39,639 --> 00:37:42,719
through and made sure it was really your words right,

729
00:37:42,760 --> 00:37:44,480
Because all the AI is going to be doing is

730
00:37:44,519 --> 00:37:47,280
scrubbing for you. So effectively, the AI is doing the

731
00:37:47,400 --> 00:37:50,880
job of just consolidating a bunch of things. You said,

732
00:37:51,239 --> 00:37:53,559
I would have no problem with that personally, being a

733
00:37:53,599 --> 00:37:56,320
friend and a listener of yours. It wouldn't stop me

734
00:37:56,360 --> 00:37:58,800
from reading it. Yeah, I wouldn't have a problem with

735
00:37:58,840 --> 00:38:02,400
that at all. Now there there goes a point, and

736
00:38:02,440 --> 00:38:04,760
I think that this is really kind of a you know,

737
00:38:04,800 --> 00:38:08,199
there's this this this sticky part about understanding the way

738
00:38:08,239 --> 00:38:10,960
that we're you know, we have to be in the world,

739
00:38:10,960 --> 00:38:15,840
but not of it. Right, So if if now, if

740
00:38:15,880 --> 00:38:19,880
we flip around and you just start feeding it every

741
00:38:19,960 --> 00:38:22,719
source of content you've ever given it, and the goal

742
00:38:22,840 --> 00:38:24,840
is to punch out as many things as you can

743
00:38:24,920 --> 00:38:29,800
possibly sell. Now, I think that you're not being a

744
00:38:29,920 --> 00:38:34,719
genuine provider of content to your listeners. And more importantly,

745
00:38:35,280 --> 00:38:38,239
I think now we're hustling. If you did that, why

746
00:38:38,239 --> 00:38:38,800
did you do that?

747
00:38:39,239 --> 00:38:39,440
Speaker 2: Right?

748
00:38:39,559 --> 00:38:41,760
Speaker 4: You did it for one reason only, right from.

749
00:38:42,440 --> 00:38:45,039
Speaker 3: My job is to build the kingdom, right, Yeah, I

750
00:38:45,199 --> 00:38:48,360
do this to build the kingdom. Yeah, here's where I

751
00:38:48,480 --> 00:38:49,000
drew the line.

752
00:38:49,079 --> 00:38:50,239
Speaker 1: And I'd like to know what I don't want to

753
00:38:50,239 --> 00:38:52,840
expand this little bit into the greater economic picture with

754
00:38:52,920 --> 00:38:56,320
Zach Abraham. You can learn more about Zach Atnewyors podcast

755
00:38:56,400 --> 00:39:00,599
dot com. Here's where I really drew the line. The

756
00:39:00,639 --> 00:39:04,639
AI wrote back to me and it said, would you

757
00:39:04,760 --> 00:39:09,360
like me to add more scripture to each chapter to

758
00:39:09,480 --> 00:39:14,679
complement what you're saying with the Word of God? And

759
00:39:14,800 --> 00:39:20,159
I wrote back and said no, because to me, that

760
00:39:20,239 --> 00:39:23,280
cross is a significant line, because yes, I could go

761
00:39:23,280 --> 00:39:26,519
back and edit, but am I really smart enough to

762
00:39:26,559 --> 00:39:28,039
go check everything it's trying to do?

763
00:39:28,360 --> 00:39:28,400
Speaker 4: That?

764
00:39:28,559 --> 00:39:33,800
Speaker 1: That piece frightened me to be fully blunt because do

765
00:39:33,880 --> 00:39:36,800
I want the AI's theology. I want the theology of

766
00:39:36,800 --> 00:39:39,440
the Bible. I'll have my advisors read it, my pastor

767
00:39:39,480 --> 00:39:41,440
read it. I'll ask you to read it. I'll ask

768
00:39:41,880 --> 00:39:43,840
other you know, people farm over true in the faith.

769
00:39:43,880 --> 00:39:45,840
I lost the people at American Family Radio to read

770
00:39:45,880 --> 00:39:49,480
it before it's ever published. But that crossed a line.

771
00:39:50,079 --> 00:39:53,440
So let me ask you about an economic line. Christian

772
00:39:53,480 --> 00:39:56,519
business owners, if we're in the world or not of it,

773
00:39:57,320 --> 00:39:59,559
but the other businesses in the world are all AI driven,

774
00:40:00,400 --> 00:40:04,039
Like there's no admins. Like if I'm making an email

775
00:40:04,079 --> 00:40:08,519
appointment with your people, you don't have people that an

776
00:40:08,519 --> 00:40:13,119
intake sales phone call is not a human and other

777
00:40:13,119 --> 00:40:15,480
people are operating with those margins, and that I know

778
00:40:15,719 --> 00:40:18,519
for a fact. There's podcasters who are already putting their

779
00:40:18,679 --> 00:40:23,000
faces and audio and stuff into databases and they're not

780
00:40:23,039 --> 00:40:28,360
even gonna make podcasts. Yeah, it'll be a talking computer head.

781
00:40:29,320 --> 00:40:31,519
There's no studio. They don't make shows. They just say

782
00:40:31,800 --> 00:40:34,119
do a podcast based on this topic in my voice.

783
00:40:35,239 --> 00:40:38,280
Speaker 3: So if that's the world we're in it, not of it.

784
00:40:38,719 --> 00:40:44,039
Speaker 1: They have ninety percent margins, we have ten. Is that

785
00:40:44,039 --> 00:40:46,000
where we're going as Christian business owners?

786
00:40:46,719 --> 00:40:51,039
Speaker 4: You know what's funny is I could be wrong, but

787
00:40:51,559 --> 00:40:54,039
that particular aspect of this I think is going to

788
00:40:54,079 --> 00:40:59,039
backfire because as the world becomes more and more artificial,

789
00:41:00,239 --> 00:41:03,480
real content and real people become inherently more valuable.

790
00:41:03,639 --> 00:41:06,199
Speaker 3: I hope so, right, and and it will.

791
00:41:06,559 --> 00:41:10,360
Speaker 4: It'll be the case, And I think that it's something

792
00:41:10,400 --> 00:41:13,239
that all of us need to keep in mind. I

793
00:41:13,239 --> 00:41:16,079
think it's something that we need to keep it the

794
00:41:16,119 --> 00:41:19,119
four You know, I hate talking about this because this

795
00:41:19,239 --> 00:41:22,440
is so self serving, right, But at the same time,

796
00:41:22,800 --> 00:41:27,800
to me, it's really analogous to my business, right, meaning, look,

797
00:41:27,880 --> 00:41:30,320
there's plenty of other places like me that you can

798
00:41:30,360 --> 00:41:33,199
go to. But if you're a if you think like

799
00:41:33,239 --> 00:41:36,039
we do, if you're a Christian or a conservative or

800
00:41:36,199 --> 00:41:38,599
libertarian or whatever the case may be, and you have

801
00:41:38,679 --> 00:41:40,920
your money managed by one of the big Wall Street banks,

802
00:41:40,920 --> 00:41:44,599
what are you doing right? Again? You are arming that

803
00:41:44,760 --> 00:41:47,000
you are arming the guys that seek to do you

804
00:41:47,119 --> 00:41:49,639
harm and that do not share the same values with you.

805
00:41:50,119 --> 00:41:53,079
I don't use that as an example to try to

806
00:41:53,400 --> 00:41:56,599
strong arm all your listeners into calling us. It's true.

807
00:41:56,679 --> 00:41:58,280
I mean I look at people all the time, and

808
00:41:58,280 --> 00:41:59,760
I'm like, you're a conservative and you got your money

809
00:41:59,760 --> 00:42:03,280
manage by Black Rock or by or by Vanguard or

810
00:42:03,280 --> 00:42:04,599
what like? What are you doing right?

811
00:42:04,679 --> 00:42:04,800
Speaker 2: Like?

812
00:42:04,960 --> 00:42:07,679
Speaker 4: You know, I don't necessarily think that those companies are

813
00:42:07,719 --> 00:42:10,559
like the next sus of evil, but they're not aligned

814
00:42:10,599 --> 00:42:12,199
with what you want. Why are you putting money in

815
00:42:12,239 --> 00:42:12,679
their pocket?

816
00:42:12,800 --> 00:42:14,679
Speaker 3: I happen to think they're right next to the nextus

817
00:42:14,719 --> 00:42:15,079
of evil?

818
00:42:15,679 --> 00:42:18,039
Speaker 4: Fair enough, and I'm not going to argue it. But

819
00:42:18,039 --> 00:42:21,599
but so I use it as an example, though, because

820
00:42:21,800 --> 00:42:24,360
I think that we all need to be very purposeful.

821
00:42:24,679 --> 00:42:26,800
Where are we sending our attention? Where are we sending

822
00:42:26,840 --> 00:42:29,800
our dollars? And not even with our money, but their minds. Right,

823
00:42:29,840 --> 00:42:32,159
what are we listening to? We know that there is

824
00:42:32,280 --> 00:42:35,000
more false doctor and being preached. We know that there

825
00:42:35,079 --> 00:42:38,280
is more idiocy being peddled. So what should we do?

826
00:42:38,320 --> 00:42:40,719
We should be more We should be more purposeful and

827
00:42:40,760 --> 00:42:43,440
more earnest regarding of our sources. Where do we go?

828
00:42:43,719 --> 00:42:46,000
Where is our time being allocated? Where are our dollars

829
00:42:46,039 --> 00:42:48,519
being allocated? So I think the people that are delivering

830
00:42:48,559 --> 00:42:52,679
really good content, like you, I think that the real

831
00:42:52,760 --> 00:42:55,519
folks are going to benefit from this, and I think

832
00:42:55,559 --> 00:42:57,800
that people are going to want to go where there's

833
00:42:57,920 --> 00:42:59,519
real content and real people.

834
00:43:00,239 --> 00:43:03,239
Speaker 3: That's true, you know, I really do hope that's true.

835
00:43:02,880 --> 00:43:05,559
Speaker 1: And Zach, I tell my daughter, because my daughter is

836
00:43:05,599 --> 00:43:09,079
an artist and she's she's going to be going now,

837
00:43:09,360 --> 00:43:12,159
she's going to go through full college because she went

838
00:43:12,199 --> 00:43:14,199
to art school that was great. But she's been in

839
00:43:14,239 --> 00:43:16,320
the world now and said, you know what, I think

840
00:43:16,320 --> 00:43:19,480
I'm made for more. There's some greater things I want

841
00:43:19,480 --> 00:43:23,159
to accomplish, but it's still very art focused. And she

842
00:43:23,159 --> 00:43:26,599
she will she will have nothing to do with AI.

843
00:43:27,280 --> 00:43:29,039
And I haven't yet told her that AI is helping

844
00:43:29,119 --> 00:43:30,559
with this book, but I'm telling you this is going

845
00:43:30,639 --> 00:43:34,039
to be very close to her and veganism because she's

846
00:43:34,039 --> 00:43:36,400
a vegan. And I'm telling you it is a barrier

847
00:43:36,440 --> 00:43:38,840
between she and I because she knows that consume meat.

848
00:43:39,400 --> 00:43:41,440
Speaker 3: I mean it is, it's it's a little barrier.

849
00:43:42,280 --> 00:43:43,679
Speaker 1: And this is going to hurt her that I've used

850
00:43:43,679 --> 00:43:47,800
an AI for this, because she, being a creative person,

851
00:43:48,480 --> 00:43:51,679
is frightened. And what I've told her is, look, honey,

852
00:43:51,840 --> 00:43:53,880
be a person that creates your art front of other people.

853
00:43:55,119 --> 00:43:56,320
Speaker 3: Get your vegan.

854
00:43:56,000 --> 00:43:59,039
Speaker 1: Cafe, have your cat section where people can go pet

855
00:43:59,039 --> 00:44:02,320
real life cats. But have sessions where you cook in

856
00:44:02,320 --> 00:44:05,480
front of people. She's an incredible cook. Let them see

857
00:44:05,480 --> 00:44:07,599
you cook. Teach while you're cooking.

858
00:44:07,880 --> 00:44:09,159
Speaker 3: Have the ingredients available.

859
00:44:09,239 --> 00:44:11,880
Speaker 1: Do your arts in front of people, because, like you, Zach,

860
00:44:12,840 --> 00:44:15,800
I think that the world's going to be so awash.

861
00:44:15,239 --> 00:44:16,039
Speaker 3: In AI stuff.

862
00:44:16,079 --> 00:44:18,519
Speaker 1: Imagine being brought into a studio to watch people write

863
00:44:18,519 --> 00:44:22,239
a song, like real artists go through the writing process.

864
00:44:22,320 --> 00:44:24,800
And if you've ever watched that on a documentary, imagine

865
00:44:24,800 --> 00:44:26,119
being there, hey.

866
00:44:26,039 --> 00:44:27,800
Speaker 4: Here and here here's a perfect example. And I think

867
00:44:27,840 --> 00:44:30,320
you should tell us to your daughter. You don't want

868
00:44:30,320 --> 00:44:32,280
one of the biggest trends right now in audio and

869
00:44:32,360 --> 00:44:38,639
music is what vinyl Yeah, vinyl records right, look at

870
00:44:38,639 --> 00:44:44,159
classic cars. Yeah, people people are, we are it's it's

871
00:44:45,440 --> 00:44:49,639
I'm trying to think of the term, but we are nostalgia.

872
00:44:51,039 --> 00:44:52,760
We want real life connections.

873
00:44:52,880 --> 00:44:53,079
Speaker 2: Yeah.

874
00:44:53,320 --> 00:44:55,679
Speaker 4: The thing, the thing I would tell every young person

875
00:44:56,239 --> 00:44:59,960
is any moment you spend worried about ais a wasted moment.

876
00:45:00,760 --> 00:45:04,840
Perfect your craft, own your craft, work your tail off.

877
00:45:05,639 --> 00:45:08,679
Strive every day to be excellent. And if you do

878
00:45:08,760 --> 00:45:11,239
that and you stay close to God, I am telling

879
00:45:11,280 --> 00:45:13,960
you you will find your purpose. You will find your place,

880
00:45:14,400 --> 00:45:17,199
and you will have an impact. If you don't, if

881
00:45:17,199 --> 00:45:19,599
you're all you, if you're worried about all these other things,

882
00:45:19,760 --> 00:45:22,119
if you're worried about all AI and how it's gonna

883
00:45:22,119 --> 00:45:23,800
impact me and all that kind of stuff, you're going

884
00:45:23,880 --> 00:45:26,280
to live an ineffective life. You're going to live a

885
00:45:26,320 --> 00:45:30,519
life of what we call quiet desperation. Yep, right, don't

886
00:45:30,599 --> 00:45:33,920
pay attention to the noise, put your hand in God's,

887
00:45:34,039 --> 00:45:37,440
pursue your passions, pursue your loves, do it with wild

888
00:45:37,480 --> 00:45:41,599
and reckless abandon and just blow. There are always reasons

889
00:45:41,679 --> 00:45:45,480
every generation has faced the people. It's got to be

890
00:45:45,519 --> 00:45:48,800
different this time. This generation is gonna make it. This Hey,

891
00:45:49,400 --> 00:45:52,559
you know, look at the world of finance. Everything's more automated,

892
00:45:52,599 --> 00:45:55,239
everything's going to paths of investing. And in the space

893
00:45:55,239 --> 00:45:57,679
of ten years we've built a billion dollar from Yeah, like,

894
00:45:58,400 --> 00:46:00,719
praise God for it. I'm not taking the credit. What

895
00:46:00,760 --> 00:46:04,400
I'm telling you is that it is doable. Don't listen

896
00:46:04,440 --> 00:46:05,039
to those people.

897
00:46:05,239 --> 00:46:07,440
Speaker 3: Yes, well said beautiful advice.

898
00:46:07,519 --> 00:46:10,280
Speaker 1: And I would add this just as a lifetime of

899
00:46:10,360 --> 00:46:11,239
weird experiences.

900
00:46:12,039 --> 00:46:17,239
Speaker 3: Everybody had been saying that CDs would kill music. That

901
00:46:17,360 --> 00:46:20,960
didn't happen. People just bought CDs and that.

902
00:46:21,000 --> 00:46:24,000
Speaker 1: And then CDs came, and then MP three's came and

903
00:46:24,039 --> 00:46:26,320
that's going to kill it, and then it's gonna kill live.

904
00:46:26,599 --> 00:46:28,840
Speaker 3: You know, no one's gonna go to concerts anymore. And

905
00:46:28,880 --> 00:46:29,519
then when.

906
00:46:29,440 --> 00:46:32,280
Speaker 1: You had high quality audio, now you had you know,

907
00:46:32,400 --> 00:46:34,760
digital audio, full spectrum hgid. Well, now no one's going

908
00:46:34,800 --> 00:46:36,920
to go to concerts, uh and why would you? And

909
00:46:36,920 --> 00:46:39,159
you could watch them online and no one's going to

910
00:46:39,239 --> 00:46:41,400
do that. And then yes, Viny's back at a friend

911
00:46:41,400 --> 00:46:43,039
of mine I grew up next door to. He has

912
00:46:43,079 --> 00:46:45,719
a record store and I was thinking I'd selling my records,

913
00:46:45,760 --> 00:46:47,119
and I thought, what am I doing. I've got like

914
00:46:47,159 --> 00:46:50,039
three thousand records. Uh, why would I sell? I'm selling

915
00:46:50,079 --> 00:46:51,239
one by one an eba if I was going to

916
00:46:51,320 --> 00:46:53,400
do that. But remember this, all the.

917
00:46:53,400 --> 00:46:55,920
Speaker 3: People who think they're the brilliant people.

918
00:46:55,639 --> 00:46:59,719
Speaker 1: That they've got everything figured out, they can't always know

919
00:47:00,079 --> 00:47:03,000
how stupid they looked at some of us. This happened

920
00:47:03,000 --> 00:47:04,719
when we were in an internetrated man, I wish i'd

921
00:47:04,760 --> 00:47:05,840
known you on the internet radio days.

922
00:47:05,840 --> 00:47:07,559
Speaker 3: You and I would have had such a blast. So

923
00:47:07,599 --> 00:47:10,239
we had our our studios built up on Queen Anne Hill,

924
00:47:11,920 --> 00:47:15,440
and we had these beautiful with a beautiful.

925
00:47:14,960 --> 00:47:21,039
Speaker 1: Centerpiece radio studio so that investors could come in, board members, advertisers, partners,

926
00:47:21,079 --> 00:47:24,039
you know. It was a showcase, right yeah, And we

927
00:47:24,119 --> 00:47:27,199
had you know, Elvis Costello is great, great song. Okay,

928
00:47:27,679 --> 00:47:32,639
So Elvis was there, Declan McManus and this is real name,

929
00:47:32,880 --> 00:47:34,679
and I'm a huge fan.

930
00:47:34,519 --> 00:47:37,199
Speaker 3: Of Elvis Casselo. So I didn't get.

931
00:47:37,000 --> 00:47:39,320
Speaker 1: To be in the interview all the time, but I

932
00:47:39,400 --> 00:47:42,119
was there when the most important thing happened. So a

933
00:47:42,199 --> 00:47:43,320
I got to meet him in the lobby and I

934
00:47:43,320 --> 00:47:46,400
walked up and said, mister McManus, what a pleasure to

935
00:47:46,400 --> 00:47:48,119
see her here, and he looked at me. I said, yes,

936
00:47:48,159 --> 00:47:51,320
Declan McManus and shook his hand, and it's an honor

937
00:47:51,400 --> 00:47:53,599
and gosh, I loved your music. So cool to meet you,

938
00:47:53,639 --> 00:47:56,519
and very self effacing. I can't stay the whole time,

939
00:47:57,559 --> 00:48:01,679
but I regret that I can. So we go into

940
00:48:01,719 --> 00:48:04,599
the studio and the guy who's doing the interview sitting

941
00:48:04,639 --> 00:48:06,639
up and Elvis hits across from him, and Elvis has

942
00:48:06,679 --> 00:48:11,440
his guitar and we talk about music and digital and

943
00:48:11,480 --> 00:48:15,880
we talk about CDs and streaming, and then I said,

944
00:48:16,119 --> 00:48:17,599
the host said, hey, CID, you'd be kind of have

945
00:48:17,599 --> 00:48:20,360
to play some songs for us. And there was a

946
00:48:20,360 --> 00:48:22,760
woman in there from Salon dot com. They remember Salon

947
00:48:22,760 --> 00:48:26,639
that never made a profit, yep, so they were the sponsors.

948
00:48:27,519 --> 00:48:29,679
They sponsored this. They promoted the heck out of Elvis

949
00:48:29,679 --> 00:48:33,800
being there. Elvis gets out his guitar and he plays.

950
00:48:35,079 --> 00:48:35,519
Speaker 3: Alison.

951
00:48:36,159 --> 00:48:39,320
Speaker 1: Remember the kind of country song. Ah, listen, I know

952
00:48:39,400 --> 00:48:41,840
this world is killing and he plays this and I'm chilled.

953
00:48:42,440 --> 00:48:47,199
I'm legitimately standing there with chicken pox skin. Elvis Costello

954
00:48:47,360 --> 00:48:51,719
is playing Alison in my studio. He gets done, and

955
00:48:51,760 --> 00:48:56,039
the room is chilled, and we're clapping. The lady from

956
00:48:56,440 --> 00:48:58,760
Salon dot Com says, could you did that one more time?

957
00:48:59,119 --> 00:49:05,679
Speaker 3: More quickly? More quick My song was too slow?

958
00:49:08,239 --> 00:49:12,239
Speaker 1: Jack, without looking at her, without making eye contact with her,

959
00:49:12,280 --> 00:49:16,960
I said, please leave, and she goes, we are the.

960
00:49:16,880 --> 00:49:20,199
Speaker 3: Sponsors of this segment. I said, not anymore. Yeah, please

961
00:49:20,280 --> 00:49:22,079
leave that, and I looked at it.

962
00:49:22,559 --> 00:49:26,159
Speaker 1: I shook his hand and said, I apologize. He goes, well,

963
00:49:26,239 --> 00:49:28,199
why mate, I've got a story for a lifetime.

964
00:49:30,480 --> 00:49:33,559
Speaker 4: I saw him live. You saw Elvis, Yeah, I saw

965
00:49:33,639 --> 00:49:36,119
he and his wife together. My wife is a huge

966
00:49:36,159 --> 00:49:38,920
fan of his wife. Yeah, And so we went up

967
00:49:38,920 --> 00:49:41,880
to uh Chadoau Saint Michelle and saw he and his

968
00:49:41,920 --> 00:49:42,559
wife up there.

969
00:49:42,639 --> 00:49:43,840
Speaker 3: Oh, I bet that was brilliant.

970
00:49:44,199 --> 00:49:46,119
Speaker 4: His wife's an incredible jazz musician too.

971
00:49:46,199 --> 00:49:46,679
Speaker 3: Yeah.

972
00:49:46,719 --> 00:49:49,480
Speaker 1: And for my money, he's probably one of the top

973
00:49:49,559 --> 00:49:53,440
three lyricists in and just what a performer.

974
00:49:53,519 --> 00:49:56,400
Speaker 4: And he's just a musician, man, He's just a musician,

975
00:49:56,519 --> 00:49:56,920
he is.

976
00:49:57,159 --> 00:49:59,719
Speaker 3: And and you know, trend maker, trend breaker.

977
00:49:59,800 --> 00:50:04,079
Speaker 1: But when I watched that, human beings say that to

978
00:50:04,159 --> 00:50:08,360
that man, and that's the same human being that was

979
00:50:08,440 --> 00:50:10,800
you know, thinking that Salon dot Com would be the

980
00:50:10,840 --> 00:50:11,760
new HBO.

981
00:50:12,599 --> 00:50:13,440
Speaker 3: So let's tak that.

982
00:50:14,360 --> 00:50:18,920
Speaker 4: Was that Arianna Huffington's deal. No dot commerce was something

983
00:50:18,920 --> 00:50:19,880
different order.

984
00:50:19,960 --> 00:50:22,119
Speaker 3: Yeah, I can't remember what it was either anymore. It was,

985
00:50:22,360 --> 00:50:23,599
oh the Huffing Post HuffPo.

986
00:50:23,920 --> 00:50:24,760
Speaker 4: Yeah, that's right.

987
00:50:25,760 --> 00:50:27,199
Speaker 3: So for all to talk about.

988
00:50:26,920 --> 00:50:29,440
Speaker 1: AI and all this that can seem very very scary,

989
00:50:29,480 --> 00:50:31,559
God uses as simple things to shame the wise. And

990
00:50:31,599 --> 00:50:33,599
in that case it was a guy named Declan McManus

991
00:50:33,639 --> 00:50:37,199
with an acoustic guitar, And can I.

992
00:50:37,199 --> 00:50:41,239
Speaker 4: Can I throw one other thing in there and everybody

993
00:50:41,239 --> 00:50:44,000
take this with a grain of salt and put some

994
00:50:44,039 --> 00:50:46,199
thought behind it, because I don't mean this in a

995
00:50:46,239 --> 00:50:49,320
bombastic way at all. But the other thing that I

996
00:50:49,320 --> 00:50:52,920
have found is that the more confident we are about

997
00:50:52,920 --> 00:50:57,760
those things, the more that we just surreptitiously turn a

998
00:50:57,760 --> 00:50:59,599
blind eye to it and just say, look, man, I'm

999
00:50:59,599 --> 00:51:02,280
following on. I don't care. Yeah, I don't care. I

1000
00:51:02,360 --> 00:51:07,840
know what my good things happen, good like, and it

1001
00:51:07,880 --> 00:51:10,239
can feel reckless. And I'm not talking about being vindictive

1002
00:51:10,239 --> 00:51:12,800
about it, but I'm just saying, yeah, I hear you,

1003
00:51:13,119 --> 00:51:14,639
I just don't. I'm just not going to listen to

1004
00:51:14,639 --> 00:51:16,320
you because those rules don't apply to me. I'm not

1005
00:51:16,320 --> 00:51:17,599
worried about what man thinks.

1006
00:51:18,119 --> 00:51:19,239
Speaker 3: Yeah, yep.

1007
00:51:19,360 --> 00:51:22,519
Speaker 4: The more you can thumb your nose at that stuff

1008
00:51:22,519 --> 00:51:26,280
in a polite way, and the more you lean on

1009
00:51:26,320 --> 00:51:29,639
your faith and we I'm just telling you, man, there's

1010
00:51:29,760 --> 00:51:32,960
magic that happens there and it just God loves it.

1011
00:51:33,000 --> 00:51:36,639
I'm just convinced, and I couldn't agree more. Give it

1012
00:51:36,639 --> 00:51:37,920
a test, man, give it a test.

1013
00:51:38,039 --> 00:51:40,079
Speaker 1: Seek not the approval of man, but the approval of God,

1014
00:51:40,119 --> 00:51:43,000
Almighty great to have. Why it's cancel with you, my brother, God,

1015
00:51:43,039 --> 00:51:47,039
bless you and stay safe and we will oh we

1016
00:51:47,199 --> 00:51:50,039
join each other next week. This is a Todd Hermitshell.

1017
00:51:50,119 --> 00:51:52,480
Please go, be well, be strong, be kind, Please make

1018
00:51:52,519 --> 00:51:54,159
every effort to walk in the life of Christ.