Speaker 1: There is some financial news to get to because I
got to help get some help de coding how the
Federal Reserve posted a loss of six seventy seven point
six billion in twenty twenty four. They can conjure money
from thin air, but they're losing it. I guess you know,
a pseudo governmental body can do anything. But prior to that,
Zach Cabern and I, who are sitting down to record
this on Wednesday, by the way, so news might change,
need to talk about Pete Buddha judge, who has some
serious and stern advice for the United States of America,
because as you know, Pete is nothing if not a
rock ribbed solid blood runs red patriot in this country.
We'll talk about this with the help of Capital Management
that's no your risk Grader dot com and God Almighty.
Speaker 2: The Todd Herman Show is one disapproved but big pharma
technocrats in tyrone cebriant ware from the high mountains of
Free America. Here's the Emerald City XI.
Speaker 1: God her Man, today is the day the Lord has made,
and these are the times so which God has decided
we shall live. Zach Abraham joins me from his studio.
Is that I can't. I never know. Is that studio one, five, six, four,
three or two?
Speaker 2: Uh?
Speaker 3: In the in the mansion, Well it's it's Studio seventeen. Actually, yeah,
this is the one that we keep in the private
jet hanger.
Speaker 4: Okay, yeah, got And if anybody has any questions, I
do not typically come to the office. But right after
I'm done recording this, I hop on a plane with
my bride and we're taking off for our twentieth anniversary trip.
Speaker 1: That's right, let's start with this. Congratulations twenty years of
marriage and you guys are forty eight years old. So uh,
that's that's that's that's a big deal. Do this for everybody.
Talk a little bit about your wife.
Speaker 3: Oh man, So we actually met we were nine and
ten years old. Our mother.
Speaker 1: That's not true, Is that true?
Speaker 3: Yeah, yeah, it is.
Speaker 4: We met we were nine and ten. Our moms worked together,
are funny enough. Our moms worked together at an investment company.
So we talk about how our whole lives evolved around finance.
So we hit it off when we're nine and ten,
and she's older than me, she's a year older than me,
and she ended up going to a high school across town.
Speaker 3: And our high schools were like rivals. She got at
least in my opinion.
Speaker 4: She got very very attractive in high school, so I
had a big crush on her. Well, she ended up winning,
going on to Miss with Win Miss Washington, and my
dad basically shamed me into asking her out on a date.
Speaker 3: I'm still not sure why she said yes. That was
about twenty five.
Speaker 4: That's about twenty five years ago and now just just
best friends. And she helped me start bulwork and she's
been she developed all of our our marketing and client
management to us, but more importantly, she established all of
the soft parts of the business, right so the you know,
way that we take care of clients, gifts that we
send out, all that. We've always referred to her as
kind of be in the heart of the business. But yeah,
she's uh, she's been amazing. And we've been been together
for a long time. And yeah, just twenty years. Man,
it's shocking that it's gone that fast. And right, oh man,
it's yeah, it's it's it's great. I mean, you know,
I we were we've just started kind of having our
conversations with kids, our kids about it and just saying
that you know, who you pick as a spouse is
like the most defining relationship, self defining relationship that you're
going to have. And you know, when you're lucky enough
to be married to somebody that you both really love
and respect and you have fun with, you know, like
her and ires is pumped. We love going on trips
with the kids, but you go on trips with the kids,
it's a trip.
Speaker 3: You know, there's work, right.
Speaker 4: And uh and and when you go with with your spouse,
it's really a vacation.
Speaker 3: So yeah, just she's she's amazing.
Speaker 1: I think that was really cool to me. Is you
know you met that longer, be like twent of favors
you ago, and I'm not mistaken. You only had three
houses at the time, and I mean.
Speaker 3: Yeah, no, yeah.
Speaker 4: So that's the other thing too, is that is that
you know people have joked sometimes about oh, yeah, you know.
Speaker 3: New Zach was going to be successful or start a.
Speaker 4: Firm when she when we first got married, she was
responsible for about two thirds of the house's income. And man,
she she rode with me through thick and there were
multiple times because you know, starting a business and building
it is really hard. There were multiple times and you
and I have talked about this off the air. There
are times that were new for me as a man,
because it's all about can I endure this?
Speaker 3: Can I make it through? Am I strong enough?
Speaker 4: And then all of a sudden you look around and
you've got three children, you've got a wife, and you're like, Okay,
the calculus has changed. I may be strong enough to
make it through this, but if I lose my wife
or my family and the process right, that that.
Speaker 3: Doesn't pencil right.
Speaker 4: So there were multiple times, out of respect for that,
that I was willing to alter course and take a
more guaranteed path. And it was her that stood there
every single time saying absolutely not. You know you're not
turning back. So yeah, I wouldn't be here without her.
Speaker 1: Without I'll tell you some about my wife in a
second here, And I don't know that I've ever shared
with this with you. It has to do with the
convenience store and three day old chicken and believing in
a dude. So I'll tell you this in a second.
I talk with Zach of course, my dear friend, my
brother Guy going down to Mexico with in June, down
to Portavarta, do the stem cells and dude, they have
saved two lives down there, and I'll tell you. I'll
give you an update. I want to tell you off
the air though those because it's something you need to know.
And I continue to be impressed with the way you
can be your own general contractor in health. And I'm
going to give you an example. I mean, we're not
even promoting this product to have to search for it
on Baptior Mercer's website. Just get this. Of all my
obsession with health, I went and saw my hormone doc.
You might check this out and she goes, Okay, here,
sodium levels tiny bit low. I could have more pink
sea salt. I'm like, I drink so much salt water,
drink a little more. If thyroid is perfect, liver counts, perfect,
protein levels, perfect kidney filtering rock star level. All this
is great, but your glucose is high. Like what, yeah,
I don't even eat sugar. She goes, well, hie, so well,
I can mitigate this, right, this is a pre diabetic
signal and she goes, yeah, it is, and you can
mitigate it. Like I go, okay, I don't eat enough fiber.
I can do that. And then she said, you need
to try burbing. I'm like, what's that? Oh wait, wait wait,
and then I remembered Bioptimized just has a product called
burbeing Breakthrough that this manages blood sugar. So she goes
bi Optimize, Just who's that? And I go to the
I say biptimizer dot com slash tid. I'm like, no, no, Jen,
slash todd, use the slash todd. What's wrong with you? Woman?
She goes and looks at this reads and she goes,
take two of these today. So here's the deal. They
have a product that can keep you out of the
pre diabetic stage. And if a cat like me who
counts every macro fifty five percent protein, twenty five percent carbs,
fifteen percent fat, I've got this. You might go check
out all their products, magnes and breakthrough. You know about
help health, sleep regularity. Shutting this open door apparently that
exists to your DNA and Bourbon breakthrough. Go to boptimisaures
dot com, slash todd, use promo cod toad to get
tempersent off all their products, and do subscribe to stuff
you need. I'm gonna subscribe to the Burbane now, so
note run out of this. You get exclusive discounts you
to subscribe exclusive gifts of exclusive information, baptim menisers, dot com,
slash tod promo codes on. So let me tell you
this story, Zach, Because when I was starting my first
serious business that became the Internet radio network, I was
working for free and other people were kind of getting paid.
If we got a little bit of revenue here or there,
I gave it to others, and I cut a deal
with the gas station you could even call convenience store.
It was a gas station that sold candy bars. And
somewhere he picked up a chicken deep friar like on
sale that was fifty five years old. And he wouldn't
give me a discount on the day old chicken or
the two day old chicken because that went in the
chicken salad. But the three day old chicken under the
sunlamp for three days. He gave me a deal. The
woman who's now my wife paid for that chicken, and
to borrow money from her to buy three day old
chicken to go and kind of feed. And you wonder
why I weighed almost four hundred pounds. And I was like,
you know what, I should go back to radio. I
can go get a morning show somewhere I should go
back to radio, and she actually said, no, no, no, no, no,
stick with this right, this is gonna be big. I
believe in you. And that was a huge moment. Man,
that was super super huge.
Speaker 4: You know, it's one of those I'll never forget it,
and it's one of those that'll tear me up if
I talk about it too much.
Speaker 1: Oh good, talk about it?
Speaker 3: Yeah.
Speaker 4: Well, like I said, it's hard, and I remember, I
still remember a conversation that we had in our master bedroom.
Speaker 3: I still call it a master bedroom becase I'm a
racist now, yes, yeah, yeah, we got a yeah, we
got a service her land.
Speaker 2: Right.
Speaker 4: So so we're staying in our master bedroom and she's
seven months.
Speaker 3: Pregnant and we're broke.
Speaker 4: I mean we're broke, and I backed property taxes on
the house. Didn't know if I was going to be
able to keep the house. Yeah, and you you sit like,
not only did she not only did she support me,
but she was the one paying the price for it,
you know what I mean. She was the one making
ends meet and taking care of the kids while she
worked from home because we didn't have enough money to.
Speaker 3: Pay a babysitter.
Speaker 4: And you know all this stuff, and yeah, just you
think back to it, and like you said, the thing
that humbles you is there were multiple times along the
route I didn't believe in myself.
Speaker 3: Yep.
Speaker 4: And and that's the part that gets me, uh teared up,
is because you I can still remember the look in
her eyes like she did, and and like that was
the that was the only thing that kept you going
because it was like, I don't believe in myself. I
haven't accomplished anything, but there's still one person that does.
And if nothing else, I can keep her believing it,
you know what I mean, Like that was the only
that was the only carrot. And yeah, I'm.
Speaker 1: Just blessed when I weighed that much. I can remember
my friends meeting uh my now wife when we were
dating and going, wait, she's dating you. So I'll tell
one other things because this is yeah, this is well,
I'm you know, I mean, I'm very formally successful. And
I remember this too. This was a big deal, is
that I was finally going to be able to contribute
to the rent because we lived in a decent place.
It was actually a nice place up in the absence
Lake City. I was boom, you know, hey, baby, I'm
going to pay a third of the rent this this month.
Look at your man bringing help. Yeah. And so I'm
in the office and a lady came in and she said, hey,
and by the way, I got this money because a
guy who rented us that building saw me one day
delivering a speech to the team they were getting paid.
I wasn't like I was doing everything we could to
pay other people. And he saw me delivering this speech
and he pulled me aside and said, hey, could you
come and give a similar speech to my team? I'll
pay you. I go, man, I'm real busy. I'll pay
you twenty five hundred bucks. Yeah, oh oh yeah, sure,
yeah when yeah right right? Could you pay up front?
Speaker 3: Yes?
Speaker 1: So I go and I do the speech and he
gives me the check and I'm sitting in the office,
Oh my gosh, I can pay rent. And then a
lady who worked for me came in and she goes, hey,
I have to tell you something. I haven't paid rents
in like four months, and they're going to kick me out,
and I don't know what to do. I'm like, why
didn't you tell us this? Well, I know that you're
working for free, and I know some of the other
managers are and I felt bad. I'm like, how much
money do you need with late fees? It's twenty five
hundred bucks. Ah okay. My mom had a saying that
God is in the dryer. Yeah, and this is a
long story about Christmas time. The dryer broke. My mom
couldn't afford to fix it. She was in the process
of taking back Christmas gifts. Our uncle couldn't fix it.
The guy from Sears couldn't fix it. He put it
back together. Like, ma'am, I don't know if this dryer
should work. My mom said a prior to God, I
can't do this. I need your help. She turns herund
turns on the dryer and it works. So under the
auspices of God is in the dryer. I gave this
woman that money. So I go home to my now wife.
So you know about the rent.
Speaker 3: Good news and bad.
Speaker 2: Now.
Speaker 1: The next day I get an email from a guy
who says, do you own the domain name netpoll dot com?
Speaker 3: Yeah?
Speaker 1: Can I give you a call? I want to buy
that domain name. Now. Now I know I was a fool.
I didn't pay Gruff, but I argue him all the
way up to twenty five hundred bucks wires me the money.
It's replaced that very day, Zach, Yeah, I mean it,
and it was ultimately. I didn't even know I was
trusting God at the time, but I was. And I know,
you guys did not always swim in the easiest of waters.
I mean, you saw your business slam face first into
the housing thing, and you were one of the guys
who was saying, hey, guys, the housing market's wrong. And
was your wife with you on that, like, yeah, with
you on the truth telling go tell him?
Speaker 3: Yeah, no, she was.
Speaker 4: But that was also another very big there was a
very big fear of mine, meaning that would have been
my like, you know, I graduated college in O five
and so that would have been in my career. That
would have been my first big investment call, right, and
it was one of the biggest investment calls to get
right in the last eighty years. Yeah, and we hit
it on the nose. But I was so junior at
that time that it didn't matter. I still got laid
off from the investment company even though I was the
one guy that got it right, because I was just
oh well, yeah, I was a junior rookie and nobody cared.
Speaker 1: Wait right, you made the suggestion in the call, and
they cut you out of the game.
Speaker 4: I got laughed out of rooms like no, no kidding,
Like you see the scenes like in The Big Short,
And it wasn't exactly like that because I wasn't advocating
that investment. I wanted to figure out a way to
short housing. I wasn't mature enough in my career at
that point to realize that the real cancer had metastasized
on the balance sheets of the banks.
Speaker 3: I didn't I didn't get that part of it.
Speaker 4: Yeah, but I went around and talked to senior portfolio
managers and said, how do you short housing?
Speaker 3: They're like, why would you want to do that?
Speaker 2: You know?
Speaker 3: It was it was scenes very similar.
Speaker 4: To the movie where people are looking at you go
housing doesn't go down, and You're like, guys, everything goes down.
Speaker 3: Okay, I've got buddies that are making.
Speaker 4: Forty grand a year that are carrying seven hundred thousand
dollars in mortgage notes.
Speaker 3: Okay, one of them is a teacher.
Speaker 4: This makes no sense, right, So yeah, we did that,
and then the whole thing happens. The accounts that I'm
managing through that whole thing made decent money, right, we
made what we profited off of it. But it was
like a tree falling in the middle of a forest
because I didn't manage enough money and I wasn't in
a position to where anybody gave me credit for getting
it right. So you get this eighty once in a
hundred year investment call right, it should kind of rocket
your career. But it was a tree falling in the
middle of a forest. So and I walked around again.
This was before I'd recommitted myself to God. I walked around,
going awesome, you just missed. You just missed a career
defining moment, Like when are you ever going to run
into a scenario like that that you're going to get
right and have it play out like that again? And
so there was nothing. And then I got hired by
an investment bank down in twenty twelve. Forty five days
after I get hired to launch their retail side of
their business, they lose a lawsuit close their doors. So
it was one thing after another and people go, oh,
that's tough that you went through that, and I go, no, no, no, no,
that I defined that timeline And they go, what do
you mean, and I go, God didn't want me to
necessarily have to go through all those things. That's that's
how many times he had to knock on the door
for me to answer it.
Speaker 3: Right.
Speaker 1: Oh, I relate to that so much that you know,
if I look back on the financial decisions, I regret
God didn't tell me. You know, God was telling me.
You know that bitcoin thing. You've been talking about ideas
like this forever. You've been talking about a kind of
digital currency, and you don't have the tech mind to
figure out, you know, how to go do something like this,
and you don't understand the tech the way you might,
but you get how people view the government and money.
You understand what the Federal Reserve is. And I'm sitting
there in my heart of hearts, you know what we're
making money right now. Let's just invest like twenty grand
a month into bitcoin. And this was when it launched.
Yeah yeah, And it wasn't God who said don't do it,
But nor did I sit down and pray, Lord, should
I really really do this? When you hear the Holy
Spirit and you look back on some of the times
he offered your gifts, like, hey, I have an idea,
why do I really early on, make you a multimillionaire,
like in your mid thirties, all right, and I'm looking
at it. Yeah, you know what, I get better ideas.
I'm gonna know you. This is clearly something you slapped
in front of me. I didn't earn any of this
your I mean a right time, right place. And I
look back on that and I wonder if God was
what his plans would have been if I'd gotten all
that money. I fear that I would have become a
ridiculously bad person, because at that point I was a
ridiculously bad person at work. I'm sure I treated my
team well, I managed up well, but if I was
going to war with a person at work, I can
remember the cruelest things I said to people on the
phone and are in that period of time. Yeah, like
like you're in my way, get out of my way.
I don't have time or I'm not gonna sit here
and pretend that you're being nice. If you don't get
out of my way, I'm gonna crush you. I'll take
everything you have. Yeah, conversations like that, And so I'm
wonder God's like, actually, no, you don't need any of this.
Speaker 3: My favorite saying used to be God helps those that
help themselves.
Speaker 1: Yeah, that's in what books at the Bible.
Speaker 4: That's that was in the Book of Act. That was
the book of being self focused and self and self.
Speaker 3: Yeah.
Speaker 1: Did you write that book or was that the previous action?
Speaker 2: Yeah?
Speaker 3: Yeah, no, that was that was unfortunately written by me.
Speaker 4: Yeah no, but that's the that's the price of tuition,
and that's equipped.
Speaker 3: Yeah, it's being equipped.
Speaker 4: And I thank god that it didn't come as frustrating
as that first decade was.
Speaker 3: In my career.
Speaker 4: Like I said, I felt like everything I touched died,
but I I will. I don't think I know that
if if those things would have happened in reverse, I
would have been I would have been a disaster.
Speaker 3: I don't know that my wife and I would even
be married still.
Speaker 4: Just because I it would have been too confirming at
that age.
Speaker 3: I wouldn't have been able to deal with it.
Speaker 1: Oh look, look what a big deal, a realiam.
Speaker 4: Oh yeah, and then you'd believe the hype, right, But
because of course you just step out in the professional world,
you get this big investment call. Right now you're making
millions at all. But now I wasn't prepared to handle it.
And I think success at any age is difficult to handle.
There's one there's a book.
Speaker 3: I love it.
Speaker 4: There's I'm forgetting the name of it, but the guy
talks about handling success, and and handling success is something
that nobody. You know, you'll see a lot of self
help books written about that. Right at the same time,
it's it shouldn't be surprising to people that I think
success is harder to deal with than failure. And the
reason why is we have tons We all have tons
of experience dealing with failure.
Speaker 3: We all have tons of it.
Speaker 4: Not a lot of us have dealt with success, and
and usually when it hit there's all And if we
do deal with success in a monetary way, there's always
a first time. So by definition, we have no experience,
right and especially in especially in such a materialistic world. Man,
it's it's so easy to get caught up. The other
thing that we were taught. I was talking to a
good buddy of mine and I don't know when this changed,
And I'm sure you've dealt with this too, But all
of a sudden, you look around a room and you're
in a room, and everybody in that room in some
way makes money based on your efforts, right, like meaning meaning,
and people go your brain, I go, no, no, no, it's reality, right,
whether it's employees, whether it's what they're making money based
off something you've built. The reason I bring that up
is because now, all of a sudden, you're surrounded by
a lot of people that don't have an incentive to
tell you the truth, right, And so now you've got
a bunch of people around you telling you what you
want to hear because you're the one writing the checks.
And it's if you haven't gone through that process of
being grounded, especially via God, and you're not tied to him,
I don't know how you don't get lost in him.
Speaker 1: Oh yeah, And I think God for me, he takes
you through seasons of limits where, yeah, you know what,
I'm gonna need you to rely on me for a
little while. Right, So we're gonna you know, you'll have
what you need, you're gonna eat, and you'll have a house.
But things down for just a little bit because I
feel like you might be getting you remember that phrase
too big for your bitches?
Speaker 4: Oh yeah, yeah, yeah, Well it's like a training montage
in a video in a movie, right, like I always
think about that, like those periods of times, they always
feel like suffering, and people thought, it's oh, it's horrible
you're going through those You look back on it, though,
and it's like a training montage, you know, like I
would not want to go through those things again. Looking
back on it, I am desperately thankful that I did it. Oh.
Speaker 1: I look at the you know, the butt kick and
I got at seal fits and you know, getting medically
dropped and my kidneyes. The other day, I was looking
at a workout talking with someone about doing this and
long work out. The guy, you need to know this
is like two hours long. Huh Okay, it's wow, two
hours you say.
Speaker 3: And you're like, well, it's my off day.
Speaker 1: Yeah, but it's and it's that prep as well for
true true gratitude. Uh what the overwhelming sense of gratitude
I had getting pulled from that thing? You know what
it was, Zach was This is honestly the gratitude I
had an opportunity to before the guys and I who
basically well, one guy got pulled for performance and man,
he was so close. And then two of us got
pulled for medical and I had the opportunity to go
rub the shoulders of the three men who secured because
they had to eat their meals on the edge of hypothermia.
And they just got done with murph on this insane
version of mirph that they started in a state of
near hypothermia, because they make you be in that state
when you go run this they got done. This is
well about fourteen hours into the day after I'd been
officially pulled, and they're sitting down to eat and their
hands are shaking. Oh yeah, and I and I went
over and said, hey, who wants a warm up BackRub?
Don't be shy, and like one of the guys said,
I'll take one, and so I started rubbing his back
and he made a groaning noise that said no groaning, no,
none of that. But but then other guys took this.
And I know that sounds super weird, and I know
it could sound like a Hero Todd story. That's certainly
not how I felt. I felt gratitude that on my
way out the door, not being able to do what
they did for that five or ten minute period, I
got to go get them food and I asked, like
the bosses, hey may I bring them food? Like yeah,
go ahead, And I got to rub their backs and
give them, you know, like three minutes of warmth each.
That that's the stuff that I think God wants us
to be able to feel in a day to day basis.
And I'm going to share this with you. I'm not
going to use a name, but I'm going to tell
you an update. I don't think you know this. You
met with some people who are looking at investing money
with you, and they'd been done to Portavirta for renew
So let me give you an update. I'm not going
to share names. You know, there's a husband and wife.
She does have als and this has been confirmed. Oh
so I want you to be in a state of
prayer for her and her husband because you know what
I'm talking about. Yep, but dig this. You know who
told them? Not the doctor and there's great docs down there,
not doctor Chavez, not any of the other doctors. Steve,
the managing partner, told her, I'm gonna say the owner,
the donor. Yeah, and he had, you know, met with
all the docs unanimous. The doctor that she met with
a peer was saying six months or seventy two months
to live, So six years with the stem cells from
umbilical cords. They think they can extend that to twelve years.
Speaker 3: Wow.
Speaker 1: Wow. And what it does is this these stem cells
from umbilical cords that they culture. That's why they can't
use them in America because they're not just minimally manipulated.
There's a lot of reasons they do that, for safety,
for making sure that they're the best. Stem cells that
reject eighty sent as stem cells that they get they reject,
or from umbilical cords they reject, so they get the
best of the best. It fights the information in and
around her brain spot a cord, and they can do
this for tons of conditions. You might be facing surgery.
Don't get surgery unless you simply cannot afford to not
get cut open financially. You might be facing, say an
issue where you're going to be in a wheelchair. Well
maybe not. I've seen this happen. I'm going back down
in this case for my lower back, my shoulder. Go
to renew dot Healthcare r E n U E dot
Healthcare and they will tell you if they can help you.
They'll even tell you the percentage chance of success. And
by the way, if it's below fifty percent, they won't
want to do it. They just won't take your money,
at least they wouldn't with me our E n U
E dot Healthcare. So, Zach, can you explain something to
me financially since we just talked about the genesis of
your firm and how your wife helped you get started
and stay on track. Okay, explain let's start this second
store here. I need you to help me understand how
an entity that pseudo governmental called the Federal Reserve can
post a loss of seventy seven point six billion dollars
in twenty twenty four. I'm not quite certain how that happens.
Speaker 4: So there's a couple there's primarily it was probably due
to securities that they had purchased via the banks or
treasuries they had owned with infrast rates going on.
Speaker 3: Because it's remember the Fed.
Speaker 4: Owns a lot of assets, right, so I think, I think,
what do you? I think they got seven eight trillion
dollars worth assets on their balance sheet, So I'd have
to go through and read that story.
Speaker 1: So the way how's it is possible?
Speaker 2: Though?
Speaker 5: I mean because the value of the assets that they
would have bought would have gone down, but they can
counture money. Yeah, but there's still See this is the
this is why the whole setup of the Federal Reserve
is ridiculous to me. For instance, we don't audit them,
but we have them report their financial results at the
end of the year, right, like, well, what's the point
of this. So, so the way it works is when
the Federal Reserve buys.
Speaker 4: Quantitative easing, the Federal Reserve goes in and buys US
government bonds in an attempt.
Speaker 3: To push yields down.
Speaker 4: Okay, so once they purchase those bonds, and they purchase
them from the dealers, the main banks themselves. Once they
purchase those bonds, those bonds sit effectively in the Fed's
investment account.
Speaker 3: Right.
Speaker 4: If interest rates go up, the value of those securities
or those bonds goes down. If the member they bought
a bunch of clos they bought a bunch of fallen angels,
they bought a bunch of different stuff, all kinds of
stuff during COVID, right, so that probably could have been
a part of it. If some of that stuff got hit,
they report that. And then what the Federal Reserve does
if you own you know, if you own six trillion
dollars worth of US government bonds.
Speaker 3: You're getting paid interest on all those bonds, right, Yeah,
So what the FED does?
Speaker 4: Now, here's the interesting part, which is why I'm probably
going to dig into this on the plane. It was
in my briefcase to look over it just out of curiosity.
Was because if you think about the amount of interest
they're making on that, they've got to be collecting.
Speaker 3: What would that be?
Speaker 4: So six trillion said, you got to be collecting about
one hundred and eighty to two hundred billion a year
in interest just off the bonds.
Speaker 3: I would think, okay, Well, then you look at the FED.
Speaker 4: So the Federal Reserve is supposed to use that interest
income to pay their own expenses, right of running the FED. Right,
janitors at the ecles, building salaries, pensions, you know, all
that kind of stuff, right, And whatever is left of
that interest they return to the Treasury.
Speaker 3: All right. So I've got to go.
Speaker 4: Through the exact mechanisms because I want to figure out
exactly how they lost it.
Speaker 3: I don't know.
Speaker 4: I don't think they itemize it out and tell you
but what it is. I don't think it's not their
operations that sucked up an unplanned seventy eight billion dollars.
What it's got to be is the marketable securities they
own in their balance sheet.
Speaker 1: Okay, just all right. Every time we have these conversations,
I end up hating to fed more because I'll tell you,
this is why play football games when the teams can
come back and report the results.
Speaker 4: Well, this is why I get so frustrated, Because this
is why I get so frustrated when people talk about
depending debt collapse in the US or this, or we've
got too much debt, and I'm like, look.
Speaker 3: Don't think.
Speaker 4: And this is where the big misunderstanding happens because I
come in and tell people, I go, there's gonna be
no debt collapse, and then they look at me and
they go, so you don't think we've got a debt problem.
And that's the problem is I'm on the same side
of those people, but I look at them and I go,
of course we have a debt problem, but you don't
understand the mechanism that's taking place. Quite honestly, we should
have a debt problem. What you're saying should be correct.
The reason it is not is because if Yields starts
spiraling out of control, the Federal Reserve will step in
and buy those bonds until the yields come back down.
Speaker 3: Like it's until that changes.
Speaker 4: And the only way that changes is when we suffer
the consequence for printing money, which.
Speaker 3: We're not at yet right now, not even close. Right,
You're not gonna stop until that happens.
Speaker 4: If you've got a button that all of a sudden
you discover, I think it's like a child.
Speaker 3: It's like a children's book. It's like a children's book.
Speaker 4: Right, Charlie discovers the green button, right, and when he
pushes that button, bills pop out the other side. Where
do you think Charlie's gonna stop. He's gonna stop when
the button breaks, and not till.
Speaker 3: Then, right. I know.
Speaker 1: So this makes me hate this more because I'm still
stuck on these hearings we have in Congress. Sherman, did
you bring the results of the past fiscal year? Yes,
we've published results.
Speaker 3: That sounds like grim milestone.
Speaker 1: I'm grim milestone. I know I saw that tweet. So, yes,
we've you know, good year at the Federal Reserve. As
you know, we've all published here's the reports, and can
we audit those?
Speaker 3: No? No, no, no, no no, can.
Speaker 1: We audit Part of them. No, and the misbalance here
the I R. S says they don't come and say, hey,
we were thinking, do you mind if we audit you.
Speaker 4: I mean, you could make the argument, yeah, you could
make the argument of all the banks in the country,
there's one that needs to be audited more than anybody else. Now,
not for not for a functioning of markets and things
like that, but in terms of like if JP Morgan
loses five billion on a trade, that's on them, right, Like,
that's on them and their shareholders.
Speaker 3: When the Federal Reserve.
Speaker 4: Loses seventy eight billion dollars, that's our money.
Speaker 1: That they conjured. Right, Okay, I'm sorry. I sometimes I
get the Federal Reserve. Sometimes I don't. There's one other
thing that I need to talk with you about, this
political story, this hag Seth stuff, because I'm pretty sure
working at Bulwick, you're probably an employee chief executive help,
you know, sort of VP, senior vps whose wives work
at competing firms. I'm pretty sure that's that's that's considered
good policy. I remember at Microsoft we were always encouraged
to hire senior people who worked at Google because it's
just a method of protecting yourself. Here's the way you
can protect yourself and your families. And this has to
do with the original, I think, one of the original
health freedom companies. I have nothing against big billionaire conservatives
founding what look to be health and allless companies. That's
their right. Let's just admit what they are. They're splash
pages their websites, that's what they are. You go give
them your name and address and the drugs you want, iromectin,
hydroxychloroquin antibiotics, and then that goes into a database and
there's doctors and pharmacies who have bid for the right
to sell you those pills, those drugs. They send that
then to the shipping company, the drop shipping company for
the website or the splash page. Then that company they
package that stuff. They send that out with the logo
of the website and splash page on it, and you
get it, and there's your drugs. There's the mark up
for the drop shipper, for the website, for the doctor,
for the pharmacy, for the agencies that place the ads,
all that stuff. Okay, got that? Or then consider this.
Let's say that you have a bad interaction with the
drug and did I take the right dose. Can I
call the doctor? No, because you don't know who the
doctor is because it's a website. You look at the
dose of the ivermect and go, what Milla's shimolator? What's that?
What's the milisim a leader? And you try to call
them and say this doesn't look right. Good luck again
because you don't know who the pharmacy is. So protect
yourself the right way. Go to an actual pharmacy with
a physical location. It's called All Family Pharmacy. It's owned
by two brothers and they're kind enough to let their
mom work there doing the books. They probably need mom
to do the books because mom's probably loves him more
than anyone else other than Jesus. So go to All
Family Pharmacy dot com, slash herman and save ten percent
with coupon code Herman ten and understand this. You got
to protect yourself. Now, get this stuff on hand. They
will teach you how to store this for the longest
possible shelf life. That's Allfamilypharmacy dot com. Slash Herman, use
coupon code Herman ten to save ten percent, and don't
wait to be prepared. Zach Abraham's with US Chief Investment
Officer of Bulwark Capital Management. And this is sort of
related to this, but this actually might be good news.
And I know this is how this is being spun.
But the Treasury's down four hundred and eighty billion in
the past month, and I'm watching for the first time
huge USAID still kind of shut down, and others judges,
rogue judges fighting that. Obviously they're going to fight the
Department of Education being shut down. Clearly they're going to
do that. The same judge is going to hear the
heg Seth case. Is the same corupt judge who wanted
the cartel you know, uh terrorists Naco Terris brought back
into the country though none of them were from his district.
He's a clear liar. So obviously that's all going to happen.
But we're seeing government, finally, government employees going oh wow, wow,
getting laid off really sucks and losing jobs really sucks,
and bad economy suck because their economy has changed forever.
I know this has to be part of this. But
what would what would she? What would what should we think?
As little guide esters As the treasures down ford in
eighty billion in the past month.
Speaker 4: Truthfully, most of it is most of it is probably
stuff that we could have looked at and seen. That
was probably my suspicion. Again, I'd have to look at
the numbers. The way the Treasury works, we probably could
have predicted within ten or twenty billion dollars back on
January first, that that payment was going to go out, right,
because the Treasury the way to think about the role
of the treasury, and I know you know this, but
to think about the role.
Speaker 3: That they play.
Speaker 4: They're the bill payer, right, so whenever whenever our government
is quote on spending money, that is the Treasury's job
effectively to pay that check.
Speaker 1: Yes, because we've learned from from Elon Musk they never
said no.
Speaker 3: Yeah right.
Speaker 1: It proved everything even when they didn't know who was going.
Speaker 3: To yeah right.
Speaker 4: So so yeah, you've got you've got big issues there
that need to be They obviously need to be addressed.
But that's why I so I wouldn't look at it
and say the Treasury didn't lose foreidner in eighty billion.
That was that was a plan draw down, right, I mean,
you got look, the math is fairly easy. You're gonna
be running about a six with a six and a
quarter six and a half billion dollar federal budget this year. Right,
so if you if you if you break that down
on a monthly basis, you know you're looking at what
is that what would that be like five hundred billion
a month?
Speaker 3: Right? Okay, so you know there you go.
Speaker 4: I mean that's so four eighties right in line. You're
looking about a six and a quarter six and a
half billion dollar budget.
Speaker 3: That's yeah, that's all that is.
Speaker 1: It's it's a non issue, no, okay?
Speaker 3: Yeah?
Speaker 1: Is it an issue that the judges who are holding
up the deportation of Narco Terrass, the dismantling of the U.
S a i D. Corruption and a little bit of
aid thrown into that, who are saying, no, you don't
get to hire fire probationary federal employees. And this guy,
this judge, is obviously trying to set up a perjury
trap over the flights of these guys who are again
not in his district. When we start getting to big
financial decisions, say, for instance, if we decided that we're
going to take a run in auditing the FED, what
happens to people's retirement accounts where you have one path
Zach that's the path where we regain fyscal sanity, where
judges get out of the way. Yes you can downsize government. Sure,
you can come and audit the Fed. If Congress passes
out law, Yes you can do that. What happens to
retirement accounts under a version of that where we retain
regain fyscal sanity versus the empire wins and these judges,
the Supreme Court says, all district court judges are presidents.
I know you do risk management and you're obsessed with that.
I know you actively manage every portfolio which can reduce
risk and volatility. Know that stuff, But Zach, those are
two separate worlds. Yeah, I mean, how do you even
hedge for this battle? I mean, is it just that
you wait and see you plan? That's that's an either
or circumstance in my mind.
Speaker 3: Yeah.
Speaker 4: I mean one of the ways that we do it is, yeah,
there are hedges, like for instance, where one of the
hedges we'll use is like long volatility. So like, for instance,
today we have some stocks that are getting hit today,
not as bad as a market, but it's offset because
our volatility positions are up pretty sharply.
Speaker 3: So a lot of it's just.
Speaker 4: Portfolio composition, meaning I think you got to understand the
environment you're in. And like I've been trying to tell people,
this is not all an environment that favors ridiculously priced
tech companies, growth, governments and so. But yes, to your
point now in the immediate future, here's one of the
biggest tough things for people to understand, prof legacy on
the government level. So reckless spending on the government level
is almost always initially beneficial for the stock market. It's
also beneficial for GDP, which is one of the things
that had me so and sensed during Biden's deal.
Speaker 3: There you've got the strongest economy you've had. You've got
the best economy that nine trillion dollars can buy. Ye, okay,
So let's.
Speaker 4: Not attend like this is some you know, American growth
miracle here right, like you splash the pot man, you.
Speaker 1: Know, so don't splash the pots.
Speaker 3: I'll break you.
Speaker 4: Yes, yes, you know, and so like like I've always
told people, and the same was true of the financial crisis.
Speaker 3: You know, they wrote that book or.
Speaker 4: There was an article what they or you know, the
book that Bernanki wrote was The Courage to Act.
Speaker 3: He and get Geitner wrote that together.
Speaker 4: Right, the courage to act with printed money that belongs
to somebody else doesn't require a lot of courage if
you ask me, right right, It wasn't like you stake
the family homestead to back the US government, right right.
So so, but that being said, long term, in terms
of the value. When I say value, maybe not just
talking nominal amount, but in terms of the value of
your assets and and their relative value to things you need. Right,
under one scenario, the great wealth jed, that is the
American economy, it will continue to do what it's always done.
Under the other, it will break down and it will
result in financial ruin.
Speaker 3: Right, But you don't.
Speaker 1: But that doesn't mean I know there's the financial ruin,
but there are people who make money off of financial ruin.
Speaker 3: Oh absolutely. And this is one of the things we've
been telling our clients.
Speaker 4: Is, look, I think we're going to I think we're
entering a very violent time, right, you know, militarily I
think it would be violent. But one thing I know
that's going to be violent because of all the moving
parts and the shifting tectonic plates and all that kind
of stuff, is going.
Speaker 3: To be the financial industries.
Speaker 4: But this is where we also look at them and
we say, guys, there are many ways to navigate these things.
And it kind of reminds me how the Chinese word
for risk and opportunity is the same word, right, meaning yes,
in times of crazy volatility, there's a lot of risk,
but where risk is present.
Speaker 3: So is opportunity. You know.
Speaker 4: I would look at our gold trades, you know, our
gold companies, which you know the S and ps down
what three or four percent on the air. I think
our average gold companies up by forty forty five on
the air.
Speaker 2: Right.
Speaker 4: One of the reasons they are up and one of
the reasons that we're invested in them, and one of
the reasons that we like gold right now is because
gold benefits from uncertainty, right, And there's many other drivers
to gold right now. But this is where we talk
about having to know. And a perfect analogy of this is,
I think when you're driving right, Let's say you're going
through the you know the pass and it's an eighty
degree summer day and it's beautiful out and warm winds
blowing right, you can press it. You could be doing
twenty over shuit probably safe right when you're driving through
that pass during December and you got driving snow coming
at you sideways and ice on the roads, you're going
to drive differently, right.
Speaker 3: Well, if you look at so.
Speaker 4: Many of these portfolios, especially in retirement, there are these
all seasoned portfolios that are fine when you're contributing ten
to fifteen percent twenty percent of your income in then
per year, but once you start withdrawing income, that same
portfolio doesn't work right, right.
Speaker 1: I use the metaphor, you know, buy and hold is
I use the floating down the river. And when you
float down the river, you either have to listen to
Sweet Home, Alabama or a Kid Rocks version of that.
And there's a very limited playlist for river floating. There's
some van Halen songs, but classic van Halen those, Sam
may Hag are allowed, Leonard Skinnered, simple Man's fine, but
you don't want to get into you know, give me
two steps. That's not a river song. I mean there's
a lot, Bob Seeger, I'm a Beatles fan, but not
for river floating. It's just that there's some rules. But
when you're floating down the river and it's friendly and
you're leaning back and you're drinking the bruce Kis and
jumping off and on the raft.
Speaker 3: That's good.
Speaker 1: Keep your hands off the raft. Yeah, Class one rapids.
I you aren't hitting the class four rapids. Press the
great analogy, pretty good idea that you strap in and
see to the river guide, earn your keep, Joe.
Speaker 3: Yeah, and and and especially in this environment.
Speaker 4: And the reason why I keep emphasizing this is because
the types of ass sets that investors would typically invest
in in this environment happen to be the exact opposite
types of investments that have been so popular and have
gained so much traction culturally, right, And so the net
result is, not only is there a need for these assets,
in our opinion, in the average investor's portfolio, but the
real advantage is, because of what has preceded this period
of time, those assets are also generationally cheap.
Speaker 3: Right. So it's yes, And people are like, so, Zach,
you think.
Speaker 4: The outlook is great, And I'm like, I think the
outlook looks chaotic economically meaning great, yes, but yes, for
the things that work in chaos, those things happen to
be on generational sale. And so yes, I And this
is the way people, and all too often you see
people sailing into these periods of times and they're like
buy and hold has worked, and you're like, well, yeah,
because here was this set of circumstances.
Speaker 3: There was only one game in town.
Speaker 4: Those circumstances have changed, okay, and now it's now you
not only and we're not trying to time markets, right,
but we're saying, why is Buffett sitting in thirty percent cash?
Why is the only capital he's deployed in the last
year in the form of an investment gone to international markets.
It's it's because that's where the opportunity is. It's you know,
he's not turning his back on America.
Speaker 3: Neither are we.
Speaker 4: We're just saying on a relative basis, they don't make
any sense. And oh, by the way, there's also a
lot of stuff in the US market that is as
equally and drastically as cheap.
Speaker 3: Why is this so cheap? Again, it's not tech, it's
not sexy.
Speaker 4: It isn't think people don't like to tweet about it, right, Like,
I mean, you know, if you want to go get
a bunch of retweets, go write something quota that sounds
somewhat smart about chips and Nvidia. If you yeah, if
you want to hear crickets talk about how cheap a
gold miner is a right cricket.
Speaker 1: Right, I'm thinking back to the days of tech panels
with us now the chief Digital Strategies stuff on MTV,
working on a next generation of access to music, entertainments,
universal studios, talent development, working with game developers. And for Microsoft,
we have Alex T. Wang who invented the print driver
for right and Wow, Okay, guess one guess who made
more money? Guess like, if you go across the board,
the guy who's responsible for every print driver at Microsoft
from an IP basis that ever existed in all of
their computers. Dude who created the print driver? Right, But
no one wants to talk. Yeah, he owned the IP
to the print driver business.
Speaker 3: He owned it. Yeah. Oh so he developed it under Microsoft.
Speaker 1: Right, so Microsoft needs a universal print driver. This guy's
got a universal print driver. They buy his code, they
buy his IP and now he goes around and he
talks on panels. But no one wants to talk about him.
Speaker 4: Oh man, Yeah, well if he if he is out
there and he would like to invest or, I would
be happy to have that conversation with him.
Speaker 1: I imagine you would we got a loop back around
and talk about a news thing here, because this speaks
to hiring. And I know you mentioned earlier you know
you have a team of people that depend on your work.
But I think you'd be the first to say you also,
to some degree, depend on their work. Yeah, there's an
interdependence that's present in all healthy organizations and families, or
at least a recognition of that interdependence. And Alan Soaps
is exactly this way. John their father, Alan and Ian's dad.
He's the mind, the marketing mind. He's the adult. He's
built businesses, very very successful in digital marketing. You would
know some of the campaigns he's worked on their world famous.
When he realized that his son Alan was going to
face enormous challenges, physical challenges. He's fourteen, he's been through
about eighteen operations, he realized as well, he's going to
probably have neurological challenges. He does. He's effectively nonverbal. When
doctors are saying, hey, let us ut alive your baby
for you, he said, no, no, we're not going to
do that. He created a company custom built for Alan,
a place he could work that makes a simple product
but makes it brilliantly. Soap is simple, or if you
are a great, big company that makes it in China
with slave labor, it's complicated because you get all the chemicals,
you want to hide the chemicals with fake fragrances, et cetera.
Alan soap is not that it's made in America. Three
generations of soap making expertise, and John is a very
crative man digitally, Alan though nonverbal, soap is his art.
So you're going to encounter fragrances of soap you've never experienced,
like cedaroa jasmine, and they all tie back to very
special memories for Alan, So I think this will mean
something to you. Yeah, there's fragrance free and the soap
is very mild because Alan skin can't handle anything that's
not Alan works there. Ian works there, they aren't welcome
and the rest of the employment economy, even though they're
very very successful workers there. Amy has joined the team.
She was neurotypical, absolutely normal neurologically, and then late in
life got autism and all of a sudden, all the
colleges are like, it's too bad for you. So now
she's gainfully employed there. So it's an interdependence they all
need each other. We need soap. Unless you want to
be a stinky, disgusting hippie, you need soap. So go
to Alan Soaps dot com slash Todd. You get temper
sent off all their products there, and it's not just so.
They have some of the softest washcloths I've ever seen,
and they have that thing that you use to get
away from the dead skin. I forget that it's called
I just want to call it a hoofah. But then
it's not a hoofa, that's a it's a what lufah? Oh,
my producer Alex knows what it is. So okay, that's it.
You've earned your nickname, mister Lufa. Yep, yep, mister Lufa.
He doesn't earn your nickname. We've only worked together for
a decade. Now you're mister Lufa. It's Alan SOPs cam
slash Todd tempercent off all your products there. So Zach,
you made comment on a post from Pete Bootage Edge
may Repete, and may Repete is clearly a patriot and
he knows right from wrong. And it appears that Pete
Hegseth and the team we're discussing war plans, except no,
because now we find out they weren't, you know, war plans.
They were discussions of maybe going to war. And Mayor
Pete is beside himself that if they don't know right
from wrong sharing national security secrets, and this is why
Mayor Pete came out so hard to put Hillary Clinton
in prison for what she did right And it turns
out and this is now speculation, but check this out.
There's a guy who works for Mike Davis who was
on that call. His name is Alex Wong. His wife
is named Candace Chew Wong. She has an interesting background.
She worked under the Obama administration and Biden administration. She
prosecuted Jenerous six cases. She in addition to that prosecuting
January sixth cases, was a member of the United States
Sensing Commission. She worked for Sonya Sotomayor.
Speaker 3: This gentleman name is Mike Wong.
Speaker 1: No, his name is Alex Wang. His wife's name is
Candice Chow Wong.
Speaker 3: What role does Alex Wong play?
Speaker 1: Why was she? I'm going to tell you in a second.
Alex Wang worked for Covington and Burnington and Burling, which
is one of the law firms the president recently stripped
of security clearance. Alex Wong is apparently the guy who
was asked to invite the right people to the call.
Speaker 3: Oh.
Speaker 1: Alex Wong is apparently friendly with Jeffrey Goldberg, The Atlantic reporter.
Speaker 3: Weird.
Speaker 1: I don't know about you, but if I were hiring
a guy at Bulwark, So where'd you work before? And
he says you're arch Nemesis, Like when did you leave yesterday?
Do you have are you married? Yeah? Where's your wife
work there for our nemesis company? Yeah?
Speaker 4: What she do?
Speaker 1: She's a strategic advisor to the CEO. Where's work part
of that? Oh, she's been there her whole life, their family.
At what point in the interview do you step away
and come back and say we'll let you know, and
then you send him a note we've decided to go
another direction, thank you for your time. Do you keep
a guy like that on your team?
Speaker 3: No?
Speaker 1: No, no, Do you hire a guy like that on
your team?
Speaker 3: No? Not unless I knew him really well? Right like it, Like,
I'd have to know why he left. I'd have to
be convinced.
Speaker 4: Otherwise you're just sitting there going yeah, just I mean
now obviously we're not handling national secrets and not issues
of life and death.
Speaker 3: But yeah, would it raise some things. It really would.
But starting back with Pete.
Speaker 1: Mayor Pete, let's use his honorific man, have some respect,
Mayor p s.
Speaker 4: My apologies, Mayor Pete the dignified, Yes, Pete. So in
an effort to be fair to him, because everybod's going
to jump to conclusions here. So I sat there and
I went, you know, what I need to do the
work that nobody wants to do.
Speaker 3: Maybe what he's saying isn't out of line.
Speaker 4: So what I did is I took the transcript of
what he said about you know, yesterday, and I compared
it to what he said about the Hillary Clinton H
server documents.
Speaker 3: OK, so he didn't say anything about the Hillary Clinton service.
Speaker 1: Docus right and easy comparison.
Speaker 4: Yeah, And I looked long and hard for it, Todd,
but there was just nothing there, right, And this is
we were having a conversation about this in the office
and this is and I know everybody listening right.
Speaker 3: Now is sympathetic. So I'm not telling anybody anything.
Speaker 4: They don't know, but this is the stuff that people
have had, so they're just so sick of right. Let
your yes be or yes, and your no be or no.
And to some degree on both parties. For instance, one
of the things that's bothering me a little bit. Now,
now you got to see how these things float out,
but one of these things is bothering me a little bit.
To that end was the immediate rush to minimize this
and say it's not a big deal, right.
Speaker 1: Or to say it was multi layer chess. Oh, you
guys don't get it. They're totally setting up this reporter.
This is a Trump plan. I saw so much.
Speaker 4: Of that come on man like again, and we cannot
give up our intellectual integrity just because the other side.
Speaker 3: Is done there.
Speaker 4: If those guys broke rules, which I think having those
calls now, my suspicion is, like we were talking about it.
My suspicion is is it's probably pretty innocent. My suspicion
is is they were talking on signal and the conversation
veered this way, and nobody stopped to think, wait a second,
now we're having a conversation that we need to be
having on official I'm saying.
Speaker 1: Actually, the introduction of the conversation framed it up as
here's the conversation we need to have. Okay, Okay, So
it was framed up that way, and that's new as
of like an hour ago, So don't blame me for
I'm not knowing that. But what also came out was,
here's who's going to be inviting people to the phone
to the call, Here's who's going to be plugging people in.
And Alex got to plug people in. This Alex Wong guy. Yeah,
And so my thing is that, Okay, how about this
check everybody in the room. You would think, how about
you look at we're having a conversation about bombing the
Hoothies with our men and our equipment. Let's make sure
we know everybody in the room. Now, I haven't used
signal in a long time. Maybe you can be hidden,
but I would tell you this. Tucker Carlson claims, and
with a good bit of support, that the National Security
Agency hacked his signal, but for good reasons. I want
you to know it was for the right reasons. Are
you telling me that the National Intelligence Apparatus has given
up trying to tank President tomp And again, I'm open
to the idea that it was a stupid mistake, in
which case punish somebody. Yeah, that's a bad, bad mistake.
Suspend somebody, take some pay. Yeah, it doesn't compare. It's
not even in the same universe of Hillary Clinton deciding
to commit national security filmies. Right, not even in the
same universe or anywhere near it.
Speaker 4: Well, and it wasn't an effort to hide anything. It
wasn't an effort to protect themselves, right, Like it is different.
It is different than the Clinton thing. And I think
the Clinton thing is it raises so many more questions,
but the point still remains, like, save your outrage unless
I see the same stuff about Clinton.
Speaker 3: Right, and the rest of you were saying, this is
a witch hunt. That's what you were.
Speaker 4: Saying about Clinton. Now all the sudden heads need to
roll and people need to go to prison, get out
of here.
Speaker 1: Just I've had enough of it, man, I know. Well listen,
go have vacation with your brides and go do that.
And thank you for a wise counsel and congratulations in
twenty years brethren.
Speaker 3: All right, thank you so much.
Speaker 2: Man.
Speaker 3: I'm looking forward to get back and chatting it up again.
Speaker 1: Kat Wait, this is the Todd hermitshell. Please go be well,
be strong, be kind, and remember God does in a
way help those who help themselves. No, he does. This
is when you admit you can't help yourself and ask
Him to enter your life and take over. Walk into
light of Christ.