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Speaker 1: Welcome to another episode of the Chicks on the Right podcast,

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where we talk to our friend and sponsor of the show,

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Zach Abraham from Bulwart Capital Management, about all the stuff

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that's going on in the world, and particularly as it

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relates to the economy and finances and retirement and things

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such as that, and now that we have a new president,

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we can hope for a lot of positive changes. But

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you know, he's he's done a lot of executive orders

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here in his first week, and so.

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Speaker 2: Do you think that any of them have like the

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possibility the capability of making us feel immediate changes.

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Speaker 3: Yeah, I don't. I don't think that.

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Speaker 4: I don't think that you'll get the actual you know,

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real economic or or you know, political benefit from it

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right away. But I think that you're going to see

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it in financial markets. I think you're gonna to see

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it in economic news. I think that I think a

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lot of people here, especially in the United States, are

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going to be really, really, really surprised by the international

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you know, the temperature, if you will, toward a Trump presidency,

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and it's going to be a lot more positive than

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people here in the United States think.

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Speaker 3: I've got an employee of mine.

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Speaker 4: Who was just down for a week in Panama, and

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what was it a wedding where there were several high

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ranking government officials there, and they were saying how pumped

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they are about a Trump presidency, how Latin America has

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been ignored by the Biden administration, and how they're excited,

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how they want the United States to put another military

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installation in Panama. They want the United States to take

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more control over the Panama Canal. So you're already seeing

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the narrative here in the United States getting twisted if

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you go talk to people that the Panamanians they're loving us, right,

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and then you know, and you add that too. I

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don't know if we talked about it, but you added

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to what we're seeing right now in Brazil, or excuse me,

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in Argentina. You added to what we're seeing in Ecuador.

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You added to what we may start seeing in Brazil

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out of necessity. And I think that you've got the

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possibility of an extraordinarily exciting time, especially in South America.

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If you remember back to like the fifties and the sixties, seventies,

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you know, up through the seventies in the Cold War,

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right there was that whole Domino theory of communism, and

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they were worried about it going through Latin America and

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tipping over one country at a time. Well, these countries

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and economies have been sucking and choking on socialist policies

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for the last forty years and the bill has come due. Right,

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That's what you're seeing in the currency crisis in Argentina

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and Brazil, and Argentina right now is laying out a

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path to the answer is not more government intervention.

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Speaker 3: The answer is economic freedom. The answer is to cut

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wreck and it's working right, and it's working in Ecuador.

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Speaker 4: And now you've got Panama sitting there going we want

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to like, we do not get the straight deal here

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in the United States. And the international acceptance of this

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or feeling from this is going to be I think

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it's going to be profound. I think that you hear.

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I think people take him internationally a lot more seriously

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than the media would like to have you believe that

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they do. And you know, all these executive orders. For

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the most part, I'm still trying to get my head

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around the Gulf of Mexico.

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Speaker 3: Mayor. I don't I mean whatever, I don't really get that,

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but I did it. You know, on the moral side

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of things too.

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Speaker 4: And I'm not surprised to see this because I figured

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he would. But I honestly, I honestly, and I don't

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I don't mean this, you know, over the top or

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to be hyperbolic, but I feel like I can sleep

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better knowing that those those people that have been imprisoned

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over the January sixth thing, the justices is going to

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come back, you know what I mean, like right, just

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that that was such a blight and such a disgusting

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thing and so scary, right, Like I've never seen anything

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like that in my life.

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Speaker 5: Yeah, and there are still people that are on the

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on the left stand. I can't believe that they're, you know,

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going to go free. I can't believe these people They've

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been sitting and rotting for four years, like some of

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them have been rotting for longer than rapists have, you know.

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I mean, it's like it's unreal.

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Speaker 4: I just don't even again, you know, pulling back from

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and I just I you know, I don't want to

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go backwards and six again. But it did bring back

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those memories where I'm like, hey, setting off politics aside,

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who can turn on those videos and see the police

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opening the gates and the doors and exactly and sit

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there and still stick to this insurrection narrative, right, Like,

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I come.

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Speaker 5: On, wells they are it's the same people that pardon

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their kids fifteen minutes before Trump gets up on stage.

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Is not here all addressed?

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Speaker 3: Right? Well?

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Speaker 4: Yeah, And it's also it's it's also this completely idiotic

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and brain dead a bit of political dogma, right, which is,

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we know that you're evil, and we know you're bent

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on the destruction of our country. We just need to

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figure out how right, We've already made our decision up

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about you, and so now now we just have to

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figure out what to accuse you of.

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Speaker 5: Right, Well, you know you you touched on the media, Zach,

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And like the media is not going to be kind him.

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We know they're not this time. We're not going to

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buy their crap as much, but they're going to just

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pummel him up. They've already started, they started yesterday, right,

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But like when it comes to inflation, okay, they're gonna

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be like, well, eggs aren't cheaper in a week, so

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he's they're already saying it.

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Speaker 1: They're already saying it.

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Speaker 2: It's already so ridiculous.

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Speaker 5: So like, so just to be fair because oh my,

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these people they're not right. So it's like, okay, so

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just to be fair, like when it comes to inflation,

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to be just practical about it. What do you think

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that the average everyday Americans should expect about inflation and

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prices and gas and eggs and bacon and stuff like

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that coming down. What should we expect about that?

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Speaker 4: What should be So inflation is really tough, but generally speaking,

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people need to realize that the Biden administration and look,

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Trump was you know, Trump was no light to spender

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when he was in office either. But I think we

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can all agree now you can make the argument that

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a Trump administration would have done something similar. I doubt

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that he would have passed the Inflation Reduction Act way

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added to it. You still would add inflation without the

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Inflation Reduction Act. But people need to accept the fact

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that regardless of who you had in president or you

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got into the White House in this election term, there

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was spilt milk man, Right, what do you want to do?

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So if you want to instantly get rid of inflation,

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we can do it. And it's called a recession. In

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ten to twelve percent unemployment that's one of the pernicious

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things about inflation, which is why guys like me when

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they were doing this, was sitting.

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Speaker 3: There going whoa whoa, whoa, whoa whoa.

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Speaker 4: Right, Because once you let that cat out of the bag,

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it's really tough because you get to a point where

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you don't have good choices left right, and there is

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no easy way out.

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Speaker 5: So spare you're actual cats.

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Speaker 4: Right, And so what your choice really is is we

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are going to have to live because of what was

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done with higher levels of inflation than we are probably

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comfortable with.

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Speaker 3: Yeah, we should see it ebb and flow if we

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do not.

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Speaker 4: Now this is me, guys looking at this from an

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economic lens, not looking at it through a political lens.

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Speaker 3: Right.

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Speaker 4: I have a saying on my show all the time,

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we're going to focus more on finance because that's hard enough,

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let alone putting your political you know, your political ideas

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into it. But but but you we have to accept

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that that you've got spill milk.

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Speaker 3: Like I said that that Pandora's box was open. It

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is what it is.

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Speaker 4: And you either want to deal with a nasty recession

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which will bring down prices, Okay, that will do it,

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or if you don't want that, which I don't think

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anybody does, the only real choice you have to go

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about it is sort of what they're doing right now

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with like doge and cutting regulations. There's a blueprint for

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that right now down there in Argentina. And I am

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such a big proponent of economic freedom, very much libertarian bends,

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and even I've been shocked, you guys about how much

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the regulations have offset the economic pain of the government

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spending cuts, meaning it's working even better than.

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Speaker 3: I would have thought.

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Speaker 4: And I think it's kind of that proof case, right,

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If we want the least amount of disruption and we

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want to deal with inflation, we're gonna have to do

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it on a longer timetable, and we're gonna have to

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do it through you know, energy, Right, we can control,

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there's inputs we can control there that will have a

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lot of impact throughout the entire economy. But we're gonna

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have to do those things over time, and we're gonna

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have to do it through efficiency and increases in productivity. Yeah,

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I think if anybody, if anybody argues the opposite of that,

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they just like, you know, you can get out there

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and argue all day long and sound really smart and

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tell everybody that the sky is pink. It's not right,

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is blue. But but like that's really the only.

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Speaker 3: Way out of it.

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Speaker 4: And you know, there's nothing Trump could have done now

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or in the next four months to just make inflation

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go away.

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Speaker 5: I do think he's going to do those things that

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He's going to slash and cut and do everything he

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can because he does not want to fail. And he

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knows that the ultimate test of success is with people

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like us who are going to the grocery store, who

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are going to the gas tanks and all of that stuff.

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It's not you know, this intangible thing. It is tangible,

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Like we have to be able to see success in

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our pocket books, you know. Yeah, Yeah, He's going to

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do that.

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Speaker 4: Yeah, And I think that you're going to see it

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in you know, I I think you're going to see

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it in a whole host of ways. Right, Like, like

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I said, we there are immediate levers he can pull,

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and he's already pulling it. On the energy side that

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you know, oil drops ten percent, that's tax.

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Speaker 3: Cut for the entire commy.

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Speaker 4: Yeah right, yeah, that because that cost flows through to

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every product you buy, right, And so I like that

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that stuff is going on, right, like the you know

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trade deals, uh, you know, manufacturing chips now here in

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the United States, so many of these things that he's

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a proponent of. But but they're My whole point was

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they were addressing it really the only way that you

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can and the only way that I think is really viable.

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And the other thing is, remember it's and they'll try

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to play this game. It's not so much about the

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level of inflation as it is is the level of

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inflation compared to growth.

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Speaker 3: Right.

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Speaker 4: So so let's say we had you know, four percent inflation

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is awful, right, is a four percent that's it's it's

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it's not horrible, but it's way above average, is way

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higher than we'd like to see and comfortably right. However,

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if you had nine percent economic growth, right, that means

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you're growing at five percent real that's massive, right, And

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and and so inflation is a context thing, right, They're like,

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can you live with three and a half four percent inflation?

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Speaker 3: And my attitude is, well, what's the growth rate? Right?

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If the growth rates four and a half, that's not

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going to be fun. Right. If the growth rates.

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Speaker 5: Eight, yeah, that's fun.

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Speaker 3: Yeah, Because.

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Speaker 4: Essentially and it's more complicated than this, but essentially, the

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way you look at it is as long if I've

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got an asset that's appreciating at eight to ten percent

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a year and inflation's running at four, I mean, it's

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not the best thing in the world, but I'm making

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a net of six percent a year, Right, that's a

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wonderful return. So again, it's all contacts, and I think

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that what they're I don't think I know. What they're

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trying to do is they're trying to push up the

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other end, right, So like we can deal with spending,

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and we can deal with these things, but we can

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also deal with it by jacking up productivity, you know,

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decreasing regulations and making the economy more efficient.

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Speaker 2: Well, he's definitely doing I mean, he's doing all the

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steps to deregulate or at least freeze new regulations for

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the time being, which is I know, thank God, is right. Yeah,

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I mean, it's just I feel like it's just the

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beginning of a lot of wins, and I hope that

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we all feel that. And it's got to be an

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exciting time for you because you've got now twenty twenty five,

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you're like previewing it. You're doing seminars about it, tell

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people how they can learn more about what you expect

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to see in the coming year.

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Speaker 3: Yeah, it's funny you bring this up.

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Speaker 4: We're licking our chops just because everything he's doing economically

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lines up with so many of these parts of the

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market that have not been followed and been ignored, and

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it just have insanely, ridiculously cheap valuations.

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Speaker 3: So we're like, here we go. Man, it feels like

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our super Bowl, you know so.

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Speaker 4: Anyway, Yeah, best way to get all of us Boardcapitalmanagement

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dot com, Know your Risk Radio dot com pretty easy

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to find.

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Speaker 3: We do our show every single day.

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Speaker 4: It's about twenty five to thirty minutes summation of everything

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going on economically and politically and in markets that day.

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And yeah, not too our defines Google, Know Your Risk

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Radio or Boord Capital Management.

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Speaker 5: All right, thanks once again, Zach.

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Speaker 3: Thank you ladies, and happy New Year.

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Speaker 5: Happy too.

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Speaker 4: Investment advisory services offered through Trek Financial loc and SEC

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registered investment advisor. The opinions expressed in this programmer for

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general informational purposes only, and are not intended to provide

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specific advice or recommendations for any individual around any specific security.

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Speaker 1: Any references to performance of security so are thought to

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be materially accurate, and actual performance may different. Investments involved

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risk and are not guaranteed.

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Speaker 3: Past performance doesn't guarantee future results. TRAK twenty fourth year

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zero A