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Speaker 1: There is some financial news to get to because I

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got to help get some help de coding how the

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Federal Reserve posted a loss of six seventy seven point

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six billion in twenty twenty four. They can conjure money

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from thin air, but they're losing it. I guess you know,

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a pseudo governmental body can do anything. But prior to that,

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Zach Cabern and I, who are sitting down to record

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this on Wednesday, by the way, so news might change,

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need to talk about Pete Buddha judge, who has some

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serious and stern advice for the United States of America,

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because as you know, Pete is nothing if not a

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rock ribbed solid blood runs red patriot in this country.

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We'll talk about this with the help of Capital Management

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that's no your risk Grader dot com and God Almighty.

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Speaker 2: The Todd Herman Show is one disapproved but big pharma

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technocrats in tyrone cebriant ware from the high mountains of

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Free America. Here's the Emerald City XI.

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Speaker 1: God her Man, today is the day the Lord has made,

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and these are the times so which God has decided

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we shall live. Zach Abraham joins me from his studio.

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Is that I can't. I never know. Is that studio one, five, six, four,

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three or two?

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Speaker 2: Uh?

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Speaker 3: In the in the mansion, Well it's it's Studio seventeen. Actually, yeah,

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this is the one that we keep in the private

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jet hanger.

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Speaker 4: Okay, yeah, got And if anybody has any questions, I

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do not typically come to the office. But right after

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I'm done recording this, I hop on a plane with

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my bride and we're taking off for our twentieth anniversary trip.

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Speaker 1: That's right, let's start with this. Congratulations twenty years of

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marriage and you guys are forty eight years old. So uh,

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that's that's that's that's a big deal. Do this for everybody.

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Talk a little bit about your wife.

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Speaker 3: Oh man, So we actually met we were nine and

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ten years old. Our mother.

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Speaker 1: That's not true, Is that true?

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Speaker 3: Yeah, yeah, it is.

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Speaker 4: We met we were nine and ten. Our moms worked together,

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are funny enough. Our moms worked together at an investment company.

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So we talk about how our whole lives evolved around finance.

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So we hit it off when we're nine and ten,

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and she's older than me, she's a year older than me,

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and she ended up going to a high school across town.

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Speaker 3: And our high schools were like rivals. She got at

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least in my opinion.

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Speaker 4: She got very very attractive in high school, so I

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had a big crush on her. Well, she ended up winning,

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going on to Miss with Win Miss Washington, and my

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dad basically shamed me into asking her out on a date.

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Speaker 3: I'm still not sure why she said yes. That was

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about twenty five.

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Speaker 4: That's about twenty five years ago and now just just

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best friends. And she helped me start bulwork and she's

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been she developed all of our our marketing and client

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management to us, but more importantly, she established all of

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the soft parts of the business, right so the you know,

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way that we take care of clients, gifts that we

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send out, all that. We've always referred to her as

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kind of be in the heart of the business. But yeah,

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she's uh, she's been amazing. And we've been been together

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for a long time. And yeah, just twenty years. Man,

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it's shocking that it's gone that fast. And right, oh man,

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it's yeah, it's it's it's great. I mean, you know,

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I we were we've just started kind of having our

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conversations with kids, our kids about it and just saying

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that you know, who you pick as a spouse is

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like the most defining relationship, self defining relationship that you're

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going to have. And you know, when you're lucky enough

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to be married to somebody that you both really love

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and respect and you have fun with, you know, like

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her and ires is pumped. We love going on trips

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with the kids, but you go on trips with the kids,

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it's a trip.

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Speaker 3: You know, there's work, right.

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Speaker 4: And uh and and when you go with with your spouse,

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it's really a vacation.

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Speaker 3: So yeah, just she's she's amazing.

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Speaker 1: I think that was really cool to me. Is you

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know you met that longer, be like twent of favors

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you ago, and I'm not mistaken. You only had three

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houses at the time, and I mean.

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Speaker 3: Yeah, no, yeah.

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Speaker 4: So that's the other thing too, is that is that

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you know people have joked sometimes about oh, yeah, you know.

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Speaker 3: New Zach was going to be successful or start a.

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Speaker 4: Firm when she when we first got married, she was

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responsible for about two thirds of the house's income. And man,

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she she rode with me through thick and there were

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multiple times because you know, starting a business and building

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it is really hard. There were multiple times and you

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and I have talked about this off the air. There

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are times that were new for me as a man,

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because it's all about can I endure this?

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Speaker 3: Can I make it through? Am I strong enough?

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Speaker 4: And then all of a sudden you look around and

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you've got three children, you've got a wife, and you're like, Okay,

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the calculus has changed. I may be strong enough to

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make it through this, but if I lose my wife

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or my family and the process right, that that.

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Speaker 3: Doesn't pencil right.

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Speaker 4: So there were multiple times, out of respect for that,

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that I was willing to alter course and take a

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more guaranteed path. And it was her that stood there

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every single time saying absolutely not. You know you're not

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turning back. So yeah, I wouldn't be here without her.

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Speaker 1: Without I'll tell you some about my wife in a

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second here, And I don't know that I've ever shared

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with this with you. It has to do with the

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convenience store and three day old chicken and believing in

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a dude. So I'll tell you this in a second.

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I talk with Zach of course, my dear friend, my

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brother Guy going down to Mexico with in June, down

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to Portavarta, do the stem cells and dude, they have

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saved two lives down there, and I'll tell you. I'll

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give you an update. I want to tell you off

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the air though those because it's something you need to know.

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And I continue to be impressed with the way you

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can be your own general contractor in health. And I'm

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going to give you an example. I mean, we're not

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even promoting this product to have to search for it

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on Baptior Mercer's website. Just get this. Of all my

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obsession with health, I went and saw my hormone doc.

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You might check this out and she goes, Okay, here,

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sodium levels tiny bit low. I could have more pink

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sea salt. I'm like, I drink so much salt water,

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drink a little more. If thyroid is perfect, liver counts, perfect,

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protein levels, perfect kidney filtering rock star level. All this

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is great, but your glucose is high. Like what, yeah,

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I don't even eat sugar. She goes, well, hie, so well,

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I can mitigate this, right, this is a pre diabetic

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signal and she goes, yeah, it is, and you can

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mitigate it. Like I go, okay, I don't eat enough fiber.

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I can do that. And then she said, you need

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to try burbing. I'm like, what's that? Oh wait, wait wait,

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and then I remembered Bioptimized just has a product called

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burbeing Breakthrough that this manages blood sugar. So she goes

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bi Optimize, Just who's that? And I go to the

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I say biptimizer dot com slash tid. I'm like, no, no, Jen,

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slash todd, use the slash todd. What's wrong with you? Woman?

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She goes and looks at this reads and she goes,

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take two of these today. So here's the deal. They

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have a product that can keep you out of the

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pre diabetic stage. And if a cat like me who

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counts every macro fifty five percent protein, twenty five percent carbs,

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fifteen percent fat, I've got this. You might go check

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out all their products, magnes and breakthrough. You know about

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help health, sleep regularity. Shutting this open door apparently that

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exists to your DNA and Bourbon breakthrough. Go to boptimisaures

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dot com, slash todd, use promo cod toad to get

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tempersent off all their products, and do subscribe to stuff

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you need. I'm gonna subscribe to the Burbane now, so

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note run out of this. You get exclusive discounts you

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to subscribe exclusive gifts of exclusive information, baptim menisers, dot com,

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slash tod promo codes on. So let me tell you

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this story, Zach, Because when I was starting my first

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serious business that became the Internet radio network, I was

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working for free and other people were kind of getting paid.

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If we got a little bit of revenue here or there,

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I gave it to others, and I cut a deal

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with the gas station you could even call convenience store.

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It was a gas station that sold candy bars. And

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somewhere he picked up a chicken deep friar like on

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sale that was fifty five years old. And he wouldn't

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give me a discount on the day old chicken or

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the two day old chicken because that went in the

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chicken salad. But the three day old chicken under the

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sunlamp for three days. He gave me a deal. The

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woman who's now my wife paid for that chicken, and

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to borrow money from her to buy three day old

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chicken to go and kind of feed. And you wonder

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why I weighed almost four hundred pounds. And I was like,

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you know what, I should go back to radio. I

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can go get a morning show somewhere I should go

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back to radio, and she actually said, no, no, no, no, no,

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stick with this right, this is gonna be big. I

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believe in you. And that was a huge moment. Man,

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that was super super huge.

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Speaker 4: You know, it's one of those I'll never forget it,

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and it's one of those that'll tear me up if

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I talk about it too much.

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Speaker 1: Oh good, talk about it?

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Speaker 3: Yeah.

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Speaker 4: Well, like I said, it's hard, and I remember, I

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still remember a conversation that we had in our master bedroom.

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Speaker 3: I still call it a master bedroom becase I'm a

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racist now, yes, yeah, yeah, we got a yeah, we

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got a service her land.

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Speaker 2: Right.

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Speaker 4: So so we're staying in our master bedroom and she's

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seven months.

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Speaker 3: Pregnant and we're broke.

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Speaker 4: I mean we're broke, and I backed property taxes on

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the house. Didn't know if I was going to be

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able to keep the house. Yeah, and you you sit like,

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not only did she not only did she support me,

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but she was the one paying the price for it,

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you know what I mean. She was the one making

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ends meet and taking care of the kids while she

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worked from home because we didn't have enough money to.

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Speaker 3: Pay a babysitter.

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Speaker 4: And you know all this stuff, and yeah, just you

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think back to it, and like you said, the thing

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that humbles you is there were multiple times along the

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route I didn't believe in myself.

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Speaker 3: Yep.

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Speaker 4: And and that's the part that gets me, uh teared up,

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is because you I can still remember the look in

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her eyes like she did, and and like that was

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the that was the only thing that kept you going

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because it was like, I don't believe in myself. I

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haven't accomplished anything, but there's still one person that does.

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And if nothing else, I can keep her believing it,

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you know what I mean, Like that was the only

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that was the only carrot. And yeah, I'm.

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Speaker 1: Just blessed when I weighed that much. I can remember

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my friends meeting uh my now wife when we were

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dating and going, wait, she's dating you. So I'll tell

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one other things because this is yeah, this is well,

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I'm you know, I mean, I'm very formally successful. And

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I remember this too. This was a big deal, is

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that I was finally going to be able to contribute

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to the rent because we lived in a decent place.

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It was actually a nice place up in the absence

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Lake City. I was boom, you know, hey, baby, I'm

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going to pay a third of the rent this this month.

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Look at your man bringing help. Yeah. And so I'm

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in the office and a lady came in and she said, hey,

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and by the way, I got this money because a

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guy who rented us that building saw me one day

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delivering a speech to the team they were getting paid.

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I wasn't like I was doing everything we could to

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pay other people. And he saw me delivering this speech

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and he pulled me aside and said, hey, could you

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come and give a similar speech to my team? I'll

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pay you. I go, man, I'm real busy. I'll pay

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you twenty five hundred bucks. Yeah, oh oh yeah, sure,

238
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yeah when yeah right right? Could you pay up front?

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Speaker 3: Yes?

240
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Speaker 1: So I go and I do the speech and he

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gives me the check and I'm sitting in the office,

242
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Oh my gosh, I can pay rent. And then a

243
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lady who worked for me came in and she goes, hey,

244
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I have to tell you something. I haven't paid rents

245
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in like four months, and they're going to kick me out,

246
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and I don't know what to do. I'm like, why

247
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didn't you tell us this? Well, I know that you're

248
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working for free, and I know some of the other

249
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managers are and I felt bad. I'm like, how much

250
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money do you need with late fees? It's twenty five

251
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hundred bucks. Ah okay. My mom had a saying that

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God is in the dryer. Yeah, and this is a

253
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long story about Christmas time. The dryer broke. My mom

254
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couldn't afford to fix it. She was in the process

255
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of taking back Christmas gifts. Our uncle couldn't fix it.

256
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The guy from Sears couldn't fix it. He put it

257
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back together. Like, ma'am, I don't know if this dryer

258
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should work. My mom said a prior to God, I

259
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can't do this. I need your help. She turns herund

260
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turns on the dryer and it works. So under the

261
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auspices of God is in the dryer. I gave this

262
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woman that money. So I go home to my now wife.

263
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So you know about the rent.

264
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Speaker 3: Good news and bad.

265
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Speaker 2: Now.

266
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Speaker 1: The next day I get an email from a guy

267
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who says, do you own the domain name netpoll dot com?

268
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Speaker 3: Yeah?

269
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Speaker 1: Can I give you a call? I want to buy

270
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that domain name. Now. Now I know I was a fool.

271
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I didn't pay Gruff, but I argue him all the

272
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way up to twenty five hundred bucks wires me the money.

273
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It's replaced that very day, Zach, Yeah, I mean it,

274
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and it was ultimately. I didn't even know I was

275
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trusting God at the time, but I was. And I know,

276
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you guys did not always swim in the easiest of waters.

277
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I mean, you saw your business slam face first into

278
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the housing thing, and you were one of the guys

279
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who was saying, hey, guys, the housing market's wrong. And

280
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was your wife with you on that, like, yeah, with

281
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you on the truth telling go tell him?

282
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Speaker 3: Yeah, no, she was.

283
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Speaker 4: But that was also another very big there was a

284
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very big fear of mine, meaning that would have been

285
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my like, you know, I graduated college in O five

286
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and so that would have been in my career. That

287
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would have been my first big investment call, right, and

288
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it was one of the biggest investment calls to get

289
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right in the last eighty years. Yeah, and we hit

290
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it on the nose. But I was so junior at

291
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that time that it didn't matter. I still got laid

292
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off from the investment company even though I was the

293
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one guy that got it right, because I was just

294
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oh well, yeah, I was a junior rookie and nobody cared.

295
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Speaker 1: Wait right, you made the suggestion in the call, and

296
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they cut you out of the game.

297
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Speaker 4: I got laughed out of rooms like no, no kidding,

298
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Like you see the scenes like in The Big Short,

299
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And it wasn't exactly like that because I wasn't advocating

300
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that investment. I wanted to figure out a way to

301
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short housing. I wasn't mature enough in my career at

302
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that point to realize that the real cancer had metastasized

303
00:14:29,399 --> 00:14:30,559
on the balance sheets of the banks.

304
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Speaker 3: I didn't I didn't get that part of it.

305
00:14:32,120 --> 00:14:34,440
Speaker 4: Yeah, but I went around and talked to senior portfolio

306
00:14:34,440 --> 00:14:36,440
managers and said, how do you short housing?

307
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Speaker 3: They're like, why would you want to do that?

308
00:14:38,399 --> 00:14:38,600
Speaker 2: You know?

309
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Speaker 3: It was it was scenes very similar.

310
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Speaker 4: To the movie where people are looking at you go

311
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housing doesn't go down, and You're like, guys, everything goes down.

312
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Speaker 3: Okay, I've got buddies that are making.

313
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Speaker 4: Forty grand a year that are carrying seven hundred thousand

314
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dollars in mortgage notes.

315
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Speaker 3: Okay, one of them is a teacher.

316
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Speaker 4: This makes no sense, right, So yeah, we did that,

317
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and then the whole thing happens. The accounts that I'm

318
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managing through that whole thing made decent money, right, we

319
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made what we profited off of it. But it was

320
00:15:06,320 --> 00:15:08,000
like a tree falling in the middle of a forest

321
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because I didn't manage enough money and I wasn't in

322
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a position to where anybody gave me credit for getting

323
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it right. So you get this eighty once in a

324
00:15:15,360 --> 00:15:18,120
hundred year investment call right, it should kind of rocket

325
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your career. But it was a tree falling in the

326
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middle of a forest. So and I walked around again.

327
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This was before I'd recommitted myself to God. I walked around,

328
00:15:26,440 --> 00:15:29,720
going awesome, you just missed. You just missed a career

329
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defining moment, Like when are you ever going to run

330
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into a scenario like that that you're going to get

331
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right and have it play out like that again? And

332
00:15:36,240 --> 00:15:38,840
so there was nothing. And then I got hired by

333
00:15:38,879 --> 00:15:41,559
an investment bank down in twenty twelve. Forty five days

334
00:15:41,559 --> 00:15:43,799
after I get hired to launch their retail side of

335
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their business, they lose a lawsuit close their doors. So

336
00:15:46,679 --> 00:15:51,200
it was one thing after another and people go, oh,

337
00:15:51,279 --> 00:15:53,879
that's tough that you went through that, and I go, no, no, no, no,

338
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that I defined that timeline And they go, what do

339
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you mean, and I go, God didn't want me to

340
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necessarily have to go through all those things. That's that's

341
00:16:03,360 --> 00:16:05,240
how many times he had to knock on the door

342
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for me to answer it.

343
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Speaker 3: Right.

344
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Speaker 1: Oh, I relate to that so much that you know,

345
00:16:12,759 --> 00:16:15,320
if I look back on the financial decisions, I regret

346
00:16:16,120 --> 00:16:18,360
God didn't tell me. You know, God was telling me.

347
00:16:18,399 --> 00:16:20,639
You know that bitcoin thing. You've been talking about ideas

348
00:16:20,679 --> 00:16:24,559
like this forever. You've been talking about a kind of

349
00:16:24,600 --> 00:16:26,799
digital currency, and you don't have the tech mind to

350
00:16:26,799 --> 00:16:30,279
figure out, you know, how to go do something like this,

351
00:16:30,919 --> 00:16:33,960
and you don't understand the tech the way you might,

352
00:16:34,120 --> 00:16:37,120
but you get how people view the government and money.

353
00:16:37,240 --> 00:16:39,799
You understand what the Federal Reserve is. And I'm sitting

354
00:16:39,799 --> 00:16:42,720
there in my heart of hearts, you know what we're

355
00:16:42,720 --> 00:16:45,440
making money right now. Let's just invest like twenty grand

356
00:16:45,480 --> 00:16:47,799
a month into bitcoin. And this was when it launched.

357
00:16:48,440 --> 00:16:50,480
Yeah yeah, And it wasn't God who said don't do it,

358
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But nor did I sit down and pray, Lord, should

359
00:16:52,960 --> 00:16:55,879
I really really do this? When you hear the Holy

360
00:16:55,919 --> 00:16:57,679
Spirit and you look back on some of the times

361
00:16:57,679 --> 00:16:59,320
he offered your gifts, like, hey, I have an idea,

362
00:16:59,639 --> 00:17:02,799
why do I really early on, make you a multimillionaire,

363
00:17:03,360 --> 00:17:07,000
like in your mid thirties, all right, and I'm looking

364
00:17:07,039 --> 00:17:09,240
at it. Yeah, you know what, I get better ideas.

365
00:17:09,240 --> 00:17:11,440
I'm gonna know you. This is clearly something you slapped

366
00:17:11,440 --> 00:17:12,920
in front of me. I didn't earn any of this

367
00:17:14,079 --> 00:17:17,960
your I mean a right time, right place. And I

368
00:17:18,000 --> 00:17:21,200
look back on that and I wonder if God was

369
00:17:22,279 --> 00:17:24,000
what his plans would have been if I'd gotten all

370
00:17:24,000 --> 00:17:26,640
that money. I fear that I would have become a

371
00:17:26,720 --> 00:17:29,079
ridiculously bad person, because at that point I was a

372
00:17:29,160 --> 00:17:32,240
ridiculously bad person at work. I'm sure I treated my

373
00:17:32,279 --> 00:17:34,599
team well, I managed up well, but if I was

374
00:17:34,640 --> 00:17:37,359
going to war with a person at work, I can

375
00:17:37,440 --> 00:17:40,119
remember the cruelest things I said to people on the

376
00:17:40,119 --> 00:17:42,240
phone and are in that period of time. Yeah, like

377
00:17:42,240 --> 00:17:43,640
like you're in my way, get out of my way.

378
00:17:43,680 --> 00:17:45,359
I don't have time or I'm not gonna sit here

379
00:17:45,359 --> 00:17:47,720
and pretend that you're being nice. If you don't get

380
00:17:47,720 --> 00:17:49,319
out of my way, I'm gonna crush you. I'll take

381
00:17:49,359 --> 00:17:53,160
everything you have. Yeah, conversations like that, And so I'm

382
00:17:53,200 --> 00:17:56,119
wonder God's like, actually, no, you don't need any of this.

383
00:17:56,759 --> 00:17:58,799
Speaker 3: My favorite saying used to be God helps those that

384
00:17:58,880 --> 00:17:59,519
help themselves.

385
00:18:00,359 --> 00:18:02,440
Speaker 1: Yeah, that's in what books at the Bible.

386
00:18:02,480 --> 00:18:06,680
Speaker 4: That's that was in the Book of Act. That was

387
00:18:06,680 --> 00:18:09,640
the book of being self focused and self and self.

388
00:18:09,839 --> 00:18:10,519
Speaker 3: Yeah.

389
00:18:10,799 --> 00:18:13,759
Speaker 1: Did you write that book or was that the previous action?

390
00:18:14,200 --> 00:18:14,440
Speaker 2: Yeah?

391
00:18:14,519 --> 00:18:17,000
Speaker 3: Yeah, no, that was that was unfortunately written by me.

392
00:18:17,200 --> 00:18:21,960
Speaker 4: Yeah no, but that's the that's the price of tuition,

393
00:18:23,359 --> 00:18:24,519
and that's equipped.

394
00:18:25,119 --> 00:18:26,119
Speaker 3: Yeah, it's being equipped.

395
00:18:26,119 --> 00:18:29,880
Speaker 4: And I thank god that it didn't come as frustrating

396
00:18:29,880 --> 00:18:30,920
as that first decade was.

397
00:18:30,839 --> 00:18:31,359
Speaker 3: In my career.

398
00:18:31,400 --> 00:18:33,200
Speaker 4: Like I said, I felt like everything I touched died,

399
00:18:34,680 --> 00:18:40,000
but I I will. I don't think I know that

400
00:18:40,240 --> 00:18:43,799
if if those things would have happened in reverse, I

401
00:18:43,799 --> 00:18:45,359
would have been I would have been a disaster.

402
00:18:45,599 --> 00:18:47,039
Speaker 3: I don't know that my wife and I would even

403
00:18:47,079 --> 00:18:48,039
be married still.

404
00:18:48,160 --> 00:18:51,880
Speaker 4: Just because I it would have been too confirming at

405
00:18:51,880 --> 00:18:52,279
that age.

406
00:18:52,319 --> 00:18:53,599
Speaker 3: I wouldn't have been able to deal with it.

407
00:18:53,680 --> 00:18:55,920
Speaker 1: Oh look, look what a big deal, a realiam.

408
00:18:56,119 --> 00:18:58,400
Speaker 4: Oh yeah, and then you'd believe the hype, right, But

409
00:18:58,519 --> 00:19:00,880
because of course you just step out in the professional world,

410
00:19:00,920 --> 00:19:02,720
you get this big investment call. Right now you're making

411
00:19:02,759 --> 00:19:05,920
millions at all. But now I wasn't prepared to handle it.

412
00:19:06,000 --> 00:19:08,359
And I think success at any age is difficult to handle.

413
00:19:08,759 --> 00:19:10,680
There's one there's a book.

414
00:19:10,759 --> 00:19:11,160
Speaker 3: I love it.

415
00:19:11,200 --> 00:19:12,920
Speaker 4: There's I'm forgetting the name of it, but the guy

416
00:19:12,960 --> 00:19:18,000
talks about handling success, and and handling success is something

417
00:19:18,000 --> 00:19:20,599
that nobody. You know, you'll see a lot of self

418
00:19:20,599 --> 00:19:24,119
help books written about that. Right at the same time,

419
00:19:24,559 --> 00:19:27,880
it's it shouldn't be surprising to people that I think

420
00:19:27,920 --> 00:19:30,200
success is harder to deal with than failure. And the

421
00:19:30,240 --> 00:19:33,039
reason why is we have tons We all have tons

422
00:19:33,079 --> 00:19:34,440
of experience dealing with failure.

423
00:19:34,440 --> 00:19:35,240
Speaker 3: We all have tons of it.

424
00:19:35,599 --> 00:19:37,839
Speaker 4: Not a lot of us have dealt with success, and

425
00:19:37,839 --> 00:19:40,079
and usually when it hit there's all And if we

426
00:19:40,119 --> 00:19:42,880
do deal with success in a monetary way, there's always

427
00:19:42,880 --> 00:19:45,279
a first time. So by definition, we have no experience,

428
00:19:45,400 --> 00:19:50,519
right and especially in especially in such a materialistic world. Man,

429
00:19:50,599 --> 00:19:54,480
it's it's so easy to get caught up. The other

430
00:19:54,480 --> 00:19:55,559
thing that we were taught. I was talking to a

431
00:19:55,640 --> 00:19:57,279
good buddy of mine and I don't know when this changed,

432
00:19:57,279 --> 00:19:59,279
And I'm sure you've dealt with this too, But all

433
00:19:59,279 --> 00:20:01,519
of a sudden, you look around a room and you're

434
00:20:01,519 --> 00:20:04,079
in a room, and everybody in that room in some

435
00:20:04,160 --> 00:20:09,880
way makes money based on your efforts, right, like meaning meaning,

436
00:20:09,960 --> 00:20:12,599
and people go your brain, I go, no, no, no, it's reality, right,

437
00:20:12,599 --> 00:20:15,519
whether it's employees, whether it's what they're making money based

438
00:20:15,559 --> 00:20:17,559
off something you've built. The reason I bring that up

439
00:20:17,599 --> 00:20:19,359
is because now, all of a sudden, you're surrounded by

440
00:20:19,400 --> 00:20:21,960
a lot of people that don't have an incentive to

441
00:20:22,000 --> 00:20:26,480
tell you the truth, right, And so now you've got

442
00:20:26,480 --> 00:20:28,839
a bunch of people around you telling you what you

443
00:20:28,920 --> 00:20:31,079
want to hear because you're the one writing the checks.

444
00:20:31,400 --> 00:20:33,759
And it's if you haven't gone through that process of

445
00:20:33,799 --> 00:20:37,160
being grounded, especially via God, and you're not tied to him,

446
00:20:37,240 --> 00:20:38,839
I don't know how you don't get lost in him.

447
00:20:39,079 --> 00:20:44,519
Speaker 1: Oh yeah, And I think God for me, he takes

448
00:20:44,519 --> 00:20:49,160
you through seasons of limits where, yeah, you know what,

449
00:20:49,200 --> 00:20:50,359
I'm gonna need you to rely on me for a

450
00:20:50,359 --> 00:20:54,400
little while. Right, So we're gonna you know, you'll have

451
00:20:54,440 --> 00:20:57,759
what you need, you're gonna eat, and you'll have a house.

452
00:20:58,480 --> 00:21:01,839
But things down for just a little bit because I

453
00:21:01,839 --> 00:21:03,839
feel like you might be getting you remember that phrase

454
00:21:03,880 --> 00:21:04,720
too big for your bitches?

455
00:21:05,240 --> 00:21:08,519
Speaker 4: Oh yeah, yeah, yeah, Well it's like a training montage

456
00:21:08,519 --> 00:21:10,759
in a video in a movie, right, like I always

457
00:21:10,799 --> 00:21:13,559
think about that, like those periods of times, they always

458
00:21:13,640 --> 00:21:16,160
feel like suffering, and people thought, it's oh, it's horrible

459
00:21:16,200 --> 00:21:18,640
you're going through those You look back on it, though,

460
00:21:18,640 --> 00:21:21,319
and it's like a training montage, you know, like I

461
00:21:21,359 --> 00:21:24,079
would not want to go through those things again. Looking

462
00:21:24,160 --> 00:21:27,200
back on it, I am desperately thankful that I did it. Oh.

463
00:21:27,279 --> 00:21:29,759
Speaker 1: I look at the you know, the butt kick and

464
00:21:29,799 --> 00:21:33,000
I got at seal fits and you know, getting medically

465
00:21:33,079 --> 00:21:36,960
dropped and my kidneyes. The other day, I was looking

466
00:21:37,039 --> 00:21:40,000
at a workout talking with someone about doing this and

467
00:21:40,240 --> 00:21:41,960
long work out. The guy, you need to know this

468
00:21:42,039 --> 00:21:49,680
is like two hours long. Huh Okay, it's wow, two

469
00:21:49,720 --> 00:21:50,880
hours you say.

470
00:21:50,880 --> 00:21:52,279
Speaker 3: And you're like, well, it's my off day.

471
00:21:52,799 --> 00:21:56,759
Speaker 1: Yeah, but it's and it's that prep as well for

472
00:21:57,039 --> 00:22:02,759
true true gratitude. Uh what the overwhelming sense of gratitude

473
00:22:02,799 --> 00:22:06,279
I had getting pulled from that thing? You know what

474
00:22:06,319 --> 00:22:09,119
it was, Zach was This is honestly the gratitude I

475
00:22:09,160 --> 00:22:13,559
had an opportunity to before the guys and I who

476
00:22:15,039 --> 00:22:18,559
basically well, one guy got pulled for performance and man,

477
00:22:18,599 --> 00:22:20,920
he was so close. And then two of us got

478
00:22:20,920 --> 00:22:24,400
pulled for medical and I had the opportunity to go

479
00:22:24,480 --> 00:22:29,640
rub the shoulders of the three men who secured because

480
00:22:29,680 --> 00:22:33,240
they had to eat their meals on the edge of hypothermia.

481
00:22:34,640 --> 00:22:37,519
And they just got done with murph on this insane

482
00:22:37,640 --> 00:22:40,799
version of mirph that they started in a state of

483
00:22:40,839 --> 00:22:43,880
near hypothermia, because they make you be in that state

484
00:22:43,920 --> 00:22:47,160
when you go run this they got done. This is

485
00:22:48,559 --> 00:22:53,440
well about fourteen hours into the day after I'd been

486
00:22:53,519 --> 00:22:57,119
officially pulled, and they're sitting down to eat and their

487
00:22:57,160 --> 00:23:01,279
hands are shaking. Oh yeah, and I and I went

488
00:23:01,359 --> 00:23:03,880
over and said, hey, who wants a warm up BackRub?

489
00:23:03,920 --> 00:23:06,359
Don't be shy, and like one of the guys said,

490
00:23:06,359 --> 00:23:08,519
I'll take one, and so I started rubbing his back

491
00:23:08,519 --> 00:23:11,960
and he made a groaning noise that said no groaning, no,

492
00:23:11,960 --> 00:23:14,839
none of that. But but then other guys took this.

493
00:23:15,000 --> 00:23:18,279
And I know that sounds super weird, and I know

494
00:23:18,319 --> 00:23:20,440
it could sound like a Hero Todd story. That's certainly

495
00:23:20,440 --> 00:23:23,839
not how I felt. I felt gratitude that on my

496
00:23:23,920 --> 00:23:26,119
way out the door, not being able to do what

497
00:23:26,160 --> 00:23:29,880
they did for that five or ten minute period, I

498
00:23:29,960 --> 00:23:33,160
got to go get them food and I asked, like

499
00:23:33,240 --> 00:23:35,400
the bosses, hey may I bring them food? Like yeah,

500
00:23:35,440 --> 00:23:37,720
go ahead, And I got to rub their backs and

501
00:23:37,759 --> 00:23:40,680
give them, you know, like three minutes of warmth each.

502
00:23:41,759 --> 00:23:45,200
That that's the stuff that I think God wants us

503
00:23:45,240 --> 00:23:47,319
to be able to feel in a day to day basis.

504
00:23:47,359 --> 00:23:48,640
And I'm going to share this with you. I'm not

505
00:23:48,680 --> 00:23:50,599
going to use a name, but I'm going to tell

506
00:23:50,599 --> 00:23:52,440
you an update. I don't think you know this. You

507
00:23:52,519 --> 00:23:55,920
met with some people who are looking at investing money

508
00:23:55,920 --> 00:23:58,039
with you, and they'd been done to Portavirta for renew

509
00:23:58,480 --> 00:23:59,839
So let me give you an update. I'm not going

510
00:23:59,920 --> 00:24:04,039
to share names. You know, there's a husband and wife.

511
00:24:04,279 --> 00:24:09,759
She does have als and this has been confirmed. Oh

512
00:24:10,240 --> 00:24:12,119
so I want you to be in a state of

513
00:24:12,160 --> 00:24:13,799
prayer for her and her husband because you know what

514
00:24:13,799 --> 00:24:17,079
I'm talking about. Yep, but dig this. You know who

515
00:24:17,079 --> 00:24:20,759
told them? Not the doctor and there's great docs down there,

516
00:24:20,799 --> 00:24:23,119
not doctor Chavez, not any of the other doctors. Steve,

517
00:24:23,279 --> 00:24:26,000
the managing partner, told her, I'm gonna say the owner,

518
00:24:26,400 --> 00:24:30,480
the donor. Yeah, and he had, you know, met with

519
00:24:30,519 --> 00:24:34,720
all the docs unanimous. The doctor that she met with

520
00:24:34,759 --> 00:24:38,480
a peer was saying six months or seventy two months

521
00:24:38,519 --> 00:24:41,960
to live, So six years with the stem cells from

522
00:24:42,119 --> 00:24:44,920
umbilical cords. They think they can extend that to twelve years.

523
00:24:45,400 --> 00:24:45,759
Speaker 3: Wow.

524
00:24:46,039 --> 00:24:49,119
Speaker 1: Wow. And what it does is this these stem cells

525
00:24:49,160 --> 00:24:51,559
from umbilical cords that they culture. That's why they can't

526
00:24:51,640 --> 00:24:54,240
use them in America because they're not just minimally manipulated.

527
00:24:54,400 --> 00:24:56,480
There's a lot of reasons they do that, for safety,

528
00:24:57,200 --> 00:24:59,039
for making sure that they're the best. Stem cells that

529
00:24:59,200 --> 00:25:01,799
reject eighty sent as stem cells that they get they reject,

530
00:25:01,880 --> 00:25:05,880
or from umbilical cords they reject, so they get the

531
00:25:05,880 --> 00:25:08,240
best of the best. It fights the information in and

532
00:25:08,279 --> 00:25:11,640
around her brain spot a cord, and they can do

533
00:25:11,680 --> 00:25:14,640
this for tons of conditions. You might be facing surgery.

534
00:25:14,720 --> 00:25:19,480
Don't get surgery unless you simply cannot afford to not

535
00:25:19,519 --> 00:25:23,240
get cut open financially. You might be facing, say an

536
00:25:23,240 --> 00:25:25,359
issue where you're going to be in a wheelchair. Well

537
00:25:25,359 --> 00:25:28,319
maybe not. I've seen this happen. I'm going back down

538
00:25:28,319 --> 00:25:30,480
in this case for my lower back, my shoulder. Go

539
00:25:30,519 --> 00:25:32,640
to renew dot Healthcare r E n U E dot

540
00:25:32,680 --> 00:25:34,480
Healthcare and they will tell you if they can help you.

541
00:25:35,079 --> 00:25:37,279
They'll even tell you the percentage chance of success. And

542
00:25:37,279 --> 00:25:39,440
by the way, if it's below fifty percent, they won't

543
00:25:39,480 --> 00:25:41,680
want to do it. They just won't take your money,

544
00:25:42,160 --> 00:25:43,920
at least they wouldn't with me our E n U

545
00:25:44,079 --> 00:25:47,880
E dot Healthcare. So, Zach, can you explain something to

546
00:25:47,920 --> 00:25:50,160
me financially since we just talked about the genesis of

547
00:25:50,160 --> 00:25:52,279
your firm and how your wife helped you get started

548
00:25:52,279 --> 00:25:56,200
and stay on track. Okay, explain let's start this second

549
00:25:56,200 --> 00:25:59,920
store here. I need you to help me understand how

550
00:26:00,039 --> 00:26:03,039
an entity that pseudo governmental called the Federal Reserve can

551
00:26:03,079 --> 00:26:06,720
post a loss of seventy seven point six billion dollars

552
00:26:06,720 --> 00:26:11,640
in twenty twenty four. I'm not quite certain how that happens.

553
00:26:12,599 --> 00:26:18,039
Speaker 4: So there's a couple there's primarily it was probably due

554
00:26:18,119 --> 00:26:21,960
to securities that they had purchased via the banks or

555
00:26:22,000 --> 00:26:24,559
treasuries they had owned with infrast rates going on.

556
00:26:24,680 --> 00:26:27,720
Speaker 3: Because it's remember the Fed.

557
00:26:27,599 --> 00:26:30,880
Speaker 4: Owns a lot of assets, right, so I think, I think,

558
00:26:30,960 --> 00:26:33,200
what do you? I think they got seven eight trillion

559
00:26:33,240 --> 00:26:35,519
dollars worth assets on their balance sheet, So I'd have

560
00:26:35,559 --> 00:26:37,039
to go through and read that story.

561
00:26:38,599 --> 00:26:40,519
Speaker 1: So the way how's it is possible?

562
00:26:40,559 --> 00:26:40,720
Speaker 2: Though?

563
00:26:40,759 --> 00:26:43,279
Speaker 5: I mean because the value of the assets that they

564
00:26:43,279 --> 00:26:45,119
would have bought would have gone down, but they can

565
00:26:45,160 --> 00:26:49,119
counture money. Yeah, but there's still See this is the

566
00:26:49,480 --> 00:26:52,119
this is why the whole setup of the Federal Reserve

567
00:26:52,200 --> 00:26:54,960
is ridiculous to me. For instance, we don't audit them,

568
00:26:54,960 --> 00:26:57,319
but we have them report their financial results at the

569
00:26:57,400 --> 00:26:59,359
end of the year, right, like, well, what's the point

570
00:26:59,400 --> 00:27:03,440
of this. So, so the way it works is when

571
00:27:03,480 --> 00:27:05,839
the Federal Reserve buys.

572
00:27:05,559 --> 00:27:09,200
Speaker 4: Quantitative easing, the Federal Reserve goes in and buys US

573
00:27:09,319 --> 00:27:12,000
government bonds in an attempt.

574
00:27:11,759 --> 00:27:13,079
Speaker 3: To push yields down.

575
00:27:13,319 --> 00:27:18,319
Speaker 4: Okay, so once they purchase those bonds, and they purchase

576
00:27:18,400 --> 00:27:21,559
them from the dealers, the main banks themselves. Once they

577
00:27:21,599 --> 00:27:24,680
purchase those bonds, those bonds sit effectively in the Fed's

578
00:27:24,720 --> 00:27:25,799
investment account.

579
00:27:26,039 --> 00:27:26,160
Speaker 3: Right.

580
00:27:26,279 --> 00:27:29,839
Speaker 4: If interest rates go up, the value of those securities

581
00:27:29,920 --> 00:27:32,920
or those bonds goes down. If the member they bought

582
00:27:32,920 --> 00:27:35,279
a bunch of clos they bought a bunch of fallen angels,

583
00:27:35,279 --> 00:27:37,440
they bought a bunch of different stuff, all kinds of

584
00:27:37,480 --> 00:27:40,640
stuff during COVID, right, so that probably could have been

585
00:27:40,680 --> 00:27:42,400
a part of it. If some of that stuff got hit,

586
00:27:42,759 --> 00:27:45,759
they report that. And then what the Federal Reserve does

587
00:27:45,799 --> 00:27:48,240
if you own you know, if you own six trillion

588
00:27:48,319 --> 00:27:50,359
dollars worth of US government bonds.

589
00:27:50,799 --> 00:27:54,000
Speaker 3: You're getting paid interest on all those bonds, right, Yeah,

590
00:27:54,240 --> 00:27:55,880
So what the FED does?

591
00:27:55,960 --> 00:27:58,319
Speaker 4: Now, here's the interesting part, which is why I'm probably

592
00:27:58,359 --> 00:27:59,799
going to dig into this on the plane. It was

593
00:27:59,839 --> 00:28:02,920
in my briefcase to look over it just out of curiosity.

594
00:28:03,440 --> 00:28:06,519
Was because if you think about the amount of interest

595
00:28:06,559 --> 00:28:09,240
they're making on that, they've got to be collecting.

596
00:28:09,559 --> 00:28:10,200
Speaker 3: What would that be?

597
00:28:10,279 --> 00:28:13,119
Speaker 4: So six trillion said, you got to be collecting about

598
00:28:13,599 --> 00:28:15,400
one hundred and eighty to two hundred billion a year

599
00:28:15,440 --> 00:28:16,680
in interest just off the bonds.

600
00:28:16,720 --> 00:28:19,279
Speaker 3: I would think, okay, Well, then you look at the FED.

601
00:28:19,400 --> 00:28:21,640
Speaker 4: So the Federal Reserve is supposed to use that interest

602
00:28:21,720 --> 00:28:25,240
income to pay their own expenses, right of running the FED. Right,

603
00:28:25,319 --> 00:28:29,480
janitors at the ecles, building salaries, pensions, you know, all

604
00:28:29,480 --> 00:28:31,960
that kind of stuff, right, And whatever is left of

605
00:28:31,960 --> 00:28:34,359
that interest they return to the Treasury.

606
00:28:35,000 --> 00:28:38,160
Speaker 3: All right. So I've got to go.

607
00:28:38,160 --> 00:28:40,640
Speaker 4: Through the exact mechanisms because I want to figure out

608
00:28:40,680 --> 00:28:41,799
exactly how they lost it.

609
00:28:41,839 --> 00:28:42,200
Speaker 3: I don't know.

610
00:28:42,240 --> 00:28:44,079
Speaker 4: I don't think they itemize it out and tell you

611
00:28:44,559 --> 00:28:47,079
but what it is. I don't think it's not their

612
00:28:47,119 --> 00:28:50,720
operations that sucked up an unplanned seventy eight billion dollars.

613
00:28:51,079 --> 00:28:53,240
What it's got to be is the marketable securities they

614
00:28:53,240 --> 00:28:54,119
own in their balance sheet.

615
00:28:54,119 --> 00:28:57,160
Speaker 1: Okay, just all right. Every time we have these conversations,

616
00:28:57,200 --> 00:29:00,720
I end up hating to fed more because I'll tell you,

617
00:29:01,160 --> 00:29:03,680
this is why play football games when the teams can

618
00:29:03,720 --> 00:29:05,160
come back and report the results.

619
00:29:05,839 --> 00:29:08,839
Speaker 4: Well, this is why I get so frustrated, Because this

620
00:29:08,920 --> 00:29:10,880
is why I get so frustrated when people talk about

621
00:29:10,920 --> 00:29:13,559
depending debt collapse in the US or this, or we've

622
00:29:13,559 --> 00:29:15,200
got too much debt, and I'm like, look.

623
00:29:15,720 --> 00:29:17,160
Speaker 3: Don't think.

624
00:29:17,200 --> 00:29:19,599
Speaker 4: And this is where the big misunderstanding happens because I

625
00:29:19,640 --> 00:29:21,119
come in and tell people, I go, there's gonna be

626
00:29:21,119 --> 00:29:22,880
no debt collapse, and then they look at me and

627
00:29:22,920 --> 00:29:25,480
they go, so you don't think we've got a debt problem.

628
00:29:25,680 --> 00:29:28,680
And that's the problem is I'm on the same side

629
00:29:28,720 --> 00:29:30,680
of those people, but I look at them and I go,

630
00:29:30,799 --> 00:29:33,359
of course we have a debt problem, but you don't

631
00:29:33,440 --> 00:29:37,960
understand the mechanism that's taking place. Quite honestly, we should

632
00:29:37,960 --> 00:29:41,160
have a debt problem. What you're saying should be correct.

633
00:29:41,559 --> 00:29:45,319
The reason it is not is because if Yields starts

634
00:29:45,400 --> 00:29:48,440
spiraling out of control, the Federal Reserve will step in

635
00:29:48,480 --> 00:29:51,599
and buy those bonds until the yields come back down.

636
00:29:52,000 --> 00:29:55,559
Speaker 3: Like it's until that changes.

637
00:29:55,880 --> 00:29:59,000
Speaker 4: And the only way that changes is when we suffer

638
00:29:59,119 --> 00:30:01,880
the consequence for printing money, which.

639
00:30:01,680 --> 00:30:04,319
Speaker 3: We're not at yet right now, not even close. Right,

640
00:30:06,960 --> 00:30:08,799
You're not gonna stop until that happens.

641
00:30:08,920 --> 00:30:10,599
Speaker 4: If you've got a button that all of a sudden

642
00:30:10,680 --> 00:30:12,680
you discover, I think it's like a child.

643
00:30:12,680 --> 00:30:14,720
Speaker 3: It's like a children's book. It's like a children's book.

644
00:30:14,880 --> 00:30:18,480
Speaker 4: Right, Charlie discovers the green button, right, and when he

645
00:30:18,519 --> 00:30:21,920
pushes that button, bills pop out the other side. Where

646
00:30:21,920 --> 00:30:24,240
do you think Charlie's gonna stop. He's gonna stop when

647
00:30:24,240 --> 00:30:25,599
the button breaks, and not till.

648
00:30:25,480 --> 00:30:26,920
Speaker 3: Then, right. I know.

649
00:30:27,160 --> 00:30:29,960
Speaker 1: So this makes me hate this more because I'm still

650
00:30:30,000 --> 00:30:34,079
stuck on these hearings we have in Congress. Sherman, did

651
00:30:34,160 --> 00:30:37,759
you bring the results of the past fiscal year? Yes,

652
00:30:37,759 --> 00:30:38,839
we've published results.

653
00:30:39,440 --> 00:30:41,000
Speaker 3: That sounds like grim milestone.

654
00:30:42,039 --> 00:30:45,680
Speaker 1: I'm grim milestone. I know I saw that tweet. So, yes,

655
00:30:45,759 --> 00:30:47,519
we've you know, good year at the Federal Reserve. As

656
00:30:47,519 --> 00:30:49,519
you know, we've all published here's the reports, and can

657
00:30:49,559 --> 00:30:50,200
we audit those?

658
00:30:51,400 --> 00:30:53,880
Speaker 3: No? No, no, no, no no, can.

659
00:30:53,720 --> 00:30:58,720
Speaker 1: We audit Part of them. No, and the misbalance here

660
00:30:59,359 --> 00:31:02,960
the I R. S says they don't come and say, hey,

661
00:31:03,640 --> 00:31:07,480
we were thinking, do you mind if we audit you.

662
00:31:08,519 --> 00:31:11,920
Speaker 4: I mean, you could make the argument, yeah, you could

663
00:31:11,920 --> 00:31:13,680
make the argument of all the banks in the country,

664
00:31:13,880 --> 00:31:17,000
there's one that needs to be audited more than anybody else. Now,

665
00:31:17,039 --> 00:31:19,480
not for not for a functioning of markets and things

666
00:31:19,519 --> 00:31:22,440
like that, but in terms of like if JP Morgan

667
00:31:22,519 --> 00:31:26,160
loses five billion on a trade, that's on them, right, Like,

668
00:31:26,200 --> 00:31:27,480
that's on them and their shareholders.

669
00:31:27,680 --> 00:31:28,839
Speaker 3: When the Federal Reserve.

670
00:31:29,000 --> 00:31:32,920
Speaker 4: Loses seventy eight billion dollars, that's our money.

671
00:31:31,799 --> 00:31:36,160
Speaker 1: That they conjured. Right, Okay, I'm sorry. I sometimes I

672
00:31:36,200 --> 00:31:39,240
get the Federal Reserve. Sometimes I don't. There's one other

673
00:31:39,240 --> 00:31:40,720
thing that I need to talk with you about, this

674
00:31:40,799 --> 00:31:43,880
political story, this hag Seth stuff, because I'm pretty sure

675
00:31:43,880 --> 00:31:47,720
working at Bulwick, you're probably an employee chief executive help,

676
00:31:47,759 --> 00:31:50,759
you know, sort of VP, senior vps whose wives work

677
00:31:50,839 --> 00:31:55,240
at competing firms. I'm pretty sure that's that's that's considered

678
00:31:55,279 --> 00:31:57,519
good policy. I remember at Microsoft we were always encouraged

679
00:31:57,559 --> 00:32:00,759
to hire senior people who worked at Google because it's

680
00:32:00,759 --> 00:32:02,920
just a method of protecting yourself. Here's the way you

681
00:32:02,920 --> 00:32:05,079
can protect yourself and your families. And this has to

682
00:32:05,119 --> 00:32:07,279
do with the original, I think, one of the original

683
00:32:07,279 --> 00:32:12,160
health freedom companies. I have nothing against big billionaire conservatives

684
00:32:12,319 --> 00:32:16,119
founding what look to be health and allless companies. That's

685
00:32:16,160 --> 00:32:19,039
their right. Let's just admit what they are. They're splash

686
00:32:19,119 --> 00:32:22,440
pages their websites, that's what they are. You go give

687
00:32:22,440 --> 00:32:25,240
them your name and address and the drugs you want, iromectin,

688
00:32:25,319 --> 00:32:29,640
hydroxychloroquin antibiotics, and then that goes into a database and

689
00:32:29,759 --> 00:32:32,359
there's doctors and pharmacies who have bid for the right

690
00:32:32,400 --> 00:32:36,319
to sell you those pills, those drugs. They send that

691
00:32:36,440 --> 00:32:38,960
then to the shipping company, the drop shipping company for

692
00:32:39,039 --> 00:32:42,680
the website or the splash page. Then that company they

693
00:32:42,680 --> 00:32:44,960
package that stuff. They send that out with the logo

694
00:32:45,359 --> 00:32:47,559
of the website and splash page on it, and you

695
00:32:47,599 --> 00:32:49,799
get it, and there's your drugs. There's the mark up

696
00:32:49,839 --> 00:32:52,680
for the drop shipper, for the website, for the doctor,

697
00:32:52,680 --> 00:32:55,839
for the pharmacy, for the agencies that place the ads,

698
00:32:55,839 --> 00:32:59,920
all that stuff. Okay, got that? Or then consider this.

699
00:33:00,160 --> 00:33:01,880
Let's say that you have a bad interaction with the

700
00:33:01,960 --> 00:33:05,039
drug and did I take the right dose. Can I

701
00:33:05,079 --> 00:33:06,720
call the doctor? No, because you don't know who the

702
00:33:06,759 --> 00:33:11,559
doctor is because it's a website. You look at the

703
00:33:11,599 --> 00:33:16,640
dose of the ivermect and go, what Milla's shimolator? What's that?

704
00:33:17,000 --> 00:33:19,960
What's the milisim a leader? And you try to call

705
00:33:20,039 --> 00:33:21,839
them and say this doesn't look right. Good luck again

706
00:33:21,880 --> 00:33:25,440
because you don't know who the pharmacy is. So protect

707
00:33:25,440 --> 00:33:27,759
yourself the right way. Go to an actual pharmacy with

708
00:33:27,759 --> 00:33:30,519
a physical location. It's called All Family Pharmacy. It's owned

709
00:33:30,519 --> 00:33:32,440
by two brothers and they're kind enough to let their

710
00:33:32,440 --> 00:33:34,680
mom work there doing the books. They probably need mom

711
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712
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713
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714
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718
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719
00:33:59,599 --> 00:34:03,519
wait to be prepared. Zach Abraham's with US Chief Investment

720
00:34:03,559 --> 00:34:06,200
Officer of Bulwark Capital Management. And this is sort of

721
00:34:06,240 --> 00:34:08,679
related to this, but this actually might be good news.

722
00:34:09,320 --> 00:34:10,920
And I know this is how this is being spun.

723
00:34:11,000 --> 00:34:14,320
But the Treasury's down four hundred and eighty billion in

724
00:34:14,360 --> 00:34:16,880
the past month, and I'm watching for the first time

725
00:34:18,119 --> 00:34:21,559
huge USAID still kind of shut down, and others judges,

726
00:34:21,719 --> 00:34:24,280
rogue judges fighting that. Obviously they're going to fight the

727
00:34:24,320 --> 00:34:27,400
Department of Education being shut down. Clearly they're going to

728
00:34:27,480 --> 00:34:29,000
do that. The same judge is going to hear the

729
00:34:29,000 --> 00:34:31,760
heg Seth case. Is the same corupt judge who wanted

730
00:34:31,760 --> 00:34:36,000
the cartel you know, uh terrorists Naco Terris brought back

731
00:34:36,000 --> 00:34:38,000
into the country though none of them were from his district.

732
00:34:38,719 --> 00:34:42,079
He's a clear liar. So obviously that's all going to happen.

733
00:34:42,480 --> 00:34:46,679
But we're seeing government, finally, government employees going oh wow, wow,

734
00:34:46,719 --> 00:34:51,199
getting laid off really sucks and losing jobs really sucks,

735
00:34:51,280 --> 00:34:53,880
and bad economy suck because their economy has changed forever.

736
00:34:54,360 --> 00:34:56,599
I know this has to be part of this. But

737
00:34:56,679 --> 00:34:58,960
what would what would she? What would what should we think?

738
00:34:59,079 --> 00:35:02,480
As little guide esters As the treasures down ford in

739
00:35:02,519 --> 00:35:03,840
eighty billion in the past month.

740
00:35:05,719 --> 00:35:09,480
Speaker 4: Truthfully, most of it is most of it is probably

741
00:35:09,519 --> 00:35:12,559
stuff that we could have looked at and seen. That

742
00:35:12,719 --> 00:35:15,760
was probably my suspicion. Again, I'd have to look at

743
00:35:15,760 --> 00:35:18,760
the numbers. The way the Treasury works, we probably could

744
00:35:18,800 --> 00:35:21,440
have predicted within ten or twenty billion dollars back on

745
00:35:21,519 --> 00:35:24,320
January first, that that payment was going to go out, right,

746
00:35:24,320 --> 00:35:26,599
because the Treasury the way to think about the role

747
00:35:26,639 --> 00:35:28,480
of the treasury, and I know you know this, but

748
00:35:29,239 --> 00:35:30,159
to think about the role.

749
00:35:30,039 --> 00:35:30,679
Speaker 3: That they play.

750
00:35:30,800 --> 00:35:34,880
Speaker 4: They're the bill payer, right, so whenever whenever our government

751
00:35:34,920 --> 00:35:38,119
is quote on spending money, that is the Treasury's job

752
00:35:38,199 --> 00:35:39,639
effectively to pay that check.

753
00:35:39,760 --> 00:35:43,000
Speaker 1: Yes, because we've learned from from Elon Musk they never

754
00:35:43,039 --> 00:35:43,400
said no.

755
00:35:44,159 --> 00:35:44,639
Speaker 3: Yeah right.

756
00:35:45,559 --> 00:35:47,599
Speaker 1: It proved everything even when they didn't know who was going.

757
00:35:47,480 --> 00:35:48,800
Speaker 3: To yeah right.

758
00:35:49,000 --> 00:35:51,599
Speaker 4: So so yeah, you've got you've got big issues there

759
00:35:51,840 --> 00:35:54,239
that need to be They obviously need to be addressed.

760
00:35:54,440 --> 00:35:56,599
But that's why I so I wouldn't look at it

761
00:35:56,639 --> 00:35:58,920
and say the Treasury didn't lose foreidner in eighty billion.

762
00:35:59,800 --> 00:36:02,320
That was that was a plan draw down, right, I mean,

763
00:36:02,360 --> 00:36:05,880
you got look, the math is fairly easy. You're gonna

764
00:36:05,880 --> 00:36:07,480
be running about a six with a six and a

765
00:36:07,519 --> 00:36:10,159
quarter six and a half billion dollar federal budget this year. Right,

766
00:36:10,239 --> 00:36:12,519
so if you if you if you break that down

767
00:36:12,519 --> 00:36:14,599
on a monthly basis, you know you're looking at what

768
00:36:14,639 --> 00:36:17,639
is that what would that be like five hundred billion

769
00:36:17,679 --> 00:36:17,960
a month?

770
00:36:19,519 --> 00:36:21,880
Speaker 3: Right? Okay, so you know there you go.

771
00:36:22,039 --> 00:36:24,119
Speaker 4: I mean that's so four eighties right in line. You're

772
00:36:24,119 --> 00:36:25,480
looking about a six and a quarter six and a

773
00:36:25,519 --> 00:36:26,559
half billion dollar budget.

774
00:36:27,280 --> 00:36:28,559
Speaker 3: That's yeah, that's all that is.

775
00:36:28,880 --> 00:36:31,920
Speaker 1: It's it's a non issue, no, okay?

776
00:36:32,079 --> 00:36:32,760
Speaker 3: Yeah?

777
00:36:33,079 --> 00:36:37,159
Speaker 1: Is it an issue that the judges who are holding

778
00:36:37,320 --> 00:36:41,760
up the deportation of Narco Terrass, the dismantling of the U.

779
00:36:41,800 --> 00:36:45,480
S a i D. Corruption and a little bit of

780
00:36:45,840 --> 00:36:49,199
aid thrown into that, who are saying, no, you don't

781
00:36:49,199 --> 00:36:54,840
get to hire fire probationary federal employees. And this guy,

782
00:36:54,920 --> 00:36:56,920
this judge, is obviously trying to set up a perjury

783
00:36:56,960 --> 00:36:59,960
trap over the flights of these guys who are again

784
00:37:00,159 --> 00:37:03,159
not in his district. When we start getting to big

785
00:37:03,199 --> 00:37:07,119
financial decisions, say, for instance, if we decided that we're

786
00:37:07,119 --> 00:37:10,920
going to take a run in auditing the FED, what

787
00:37:11,400 --> 00:37:14,199
happens to people's retirement accounts where you have one path

788
00:37:14,360 --> 00:37:18,159
Zach that's the path where we regain fyscal sanity, where

789
00:37:18,199 --> 00:37:21,000
judges get out of the way. Yes you can downsize government. Sure,

790
00:37:21,039 --> 00:37:22,960
you can come and audit the Fed. If Congress passes

791
00:37:23,000 --> 00:37:26,199
out law, Yes you can do that. What happens to

792
00:37:26,320 --> 00:37:28,880
retirement accounts under a version of that where we retain

793
00:37:30,079 --> 00:37:34,440
regain fyscal sanity versus the empire wins and these judges,

794
00:37:34,599 --> 00:37:38,199
the Supreme Court says, all district court judges are presidents.

795
00:37:41,039 --> 00:37:43,280
I know you do risk management and you're obsessed with that.

796
00:37:43,360 --> 00:37:45,719
I know you actively manage every portfolio which can reduce

797
00:37:45,800 --> 00:37:49,079
risk and volatility. Know that stuff, But Zach, those are

798
00:37:49,079 --> 00:37:53,920
two separate worlds. Yeah, I mean, how do you even

799
00:37:54,039 --> 00:37:57,480
hedge for this battle? I mean, is it just that

800
00:37:57,960 --> 00:38:01,199
you wait and see you plan? That's that's an either

801
00:38:01,320 --> 00:38:02,519
or circumstance in my mind.

802
00:38:03,199 --> 00:38:03,440
Speaker 3: Yeah.

803
00:38:03,480 --> 00:38:05,079
Speaker 4: I mean one of the ways that we do it is, yeah,

804
00:38:05,079 --> 00:38:08,599
there are hedges, like for instance, where one of the

805
00:38:08,599 --> 00:38:11,840
hedges we'll use is like long volatility. So like, for instance,

806
00:38:11,840 --> 00:38:14,400
today we have some stocks that are getting hit today,

807
00:38:14,440 --> 00:38:17,360
not as bad as a market, but it's offset because

808
00:38:17,400 --> 00:38:19,239
our volatility positions are up pretty sharply.

809
00:38:20,199 --> 00:38:21,119
Speaker 3: So a lot of it's just.

810
00:38:21,119 --> 00:38:24,119
Speaker 4: Portfolio composition, meaning I think you got to understand the

811
00:38:24,239 --> 00:38:27,599
environment you're in. And like I've been trying to tell people,

812
00:38:27,679 --> 00:38:30,599
this is not all an environment that favors ridiculously priced

813
00:38:30,719 --> 00:38:35,800
tech companies, growth, governments and so. But yes, to your

814
00:38:35,840 --> 00:38:38,800
point now in the immediate future, here's one of the

815
00:38:38,840 --> 00:38:43,440
biggest tough things for people to understand, prof legacy on

816
00:38:43,480 --> 00:38:46,000
the government level. So reckless spending on the government level

817
00:38:46,039 --> 00:38:49,159
is almost always initially beneficial for the stock market. It's

818
00:38:49,199 --> 00:38:51,599
also beneficial for GDP, which is one of the things

819
00:38:51,599 --> 00:38:53,840
that had me so and sensed during Biden's deal.

820
00:38:54,039 --> 00:38:56,119
Speaker 3: There you've got the strongest economy you've had. You've got

821
00:38:56,119 --> 00:38:58,679
the best economy that nine trillion dollars can buy. Ye, okay,

822
00:38:58,719 --> 00:39:00,000
So let's.

823
00:38:59,760 --> 00:39:03,360
Speaker 4: Not attend like this is some you know, American growth

824
00:39:03,440 --> 00:39:07,039
miracle here right, like you splash the pot man, you.

825
00:39:07,039 --> 00:39:09,519
Speaker 1: Know, so don't splash the pots.

826
00:39:09,559 --> 00:39:10,199
Speaker 3: I'll break you.

827
00:39:10,599 --> 00:39:13,840
Speaker 4: Yes, yes, you know, and so like like I've always

828
00:39:13,880 --> 00:39:16,840
told people, and the same was true of the financial crisis.

829
00:39:17,360 --> 00:39:19,280
Speaker 3: You know, they wrote that book or.

830
00:39:19,239 --> 00:39:21,400
Speaker 4: There was an article what they or you know, the

831
00:39:21,400 --> 00:39:23,559
book that Bernanki wrote was The Courage to Act.

832
00:39:23,559 --> 00:39:25,000
Speaker 3: He and get Geitner wrote that together.

833
00:39:25,079 --> 00:39:28,559
Speaker 4: Right, the courage to act with printed money that belongs

834
00:39:28,599 --> 00:39:31,320
to somebody else doesn't require a lot of courage if

835
00:39:31,360 --> 00:39:34,639
you ask me, right right, It wasn't like you stake

836
00:39:34,719 --> 00:39:37,599
the family homestead to back the US government, right right.

837
00:39:38,119 --> 00:39:43,039
So so, but that being said, long term, in terms

838
00:39:43,119 --> 00:39:46,719
of the value. When I say value, maybe not just

839
00:39:46,800 --> 00:39:50,840
talking nominal amount, but in terms of the value of

840
00:39:50,880 --> 00:39:55,400
your assets and and their relative value to things you need. Right,

841
00:39:56,199 --> 00:40:00,760
under one scenario, the great wealth jed, that is the

842
00:40:00,800 --> 00:40:03,159
American economy, it will continue to do what it's always done.

843
00:40:03,920 --> 00:40:06,360
Under the other, it will break down and it will

844
00:40:06,400 --> 00:40:08,199
result in financial ruin.

845
00:40:08,440 --> 00:40:10,360
Speaker 3: Right, But you don't.

846
00:40:10,360 --> 00:40:12,800
Speaker 1: But that doesn't mean I know there's the financial ruin,

847
00:40:13,440 --> 00:40:15,960
but there are people who make money off of financial ruin.

848
00:40:16,440 --> 00:40:19,679
Speaker 3: Oh absolutely. And this is one of the things we've

849
00:40:19,679 --> 00:40:20,920
been telling our clients.

850
00:40:20,679 --> 00:40:22,760
Speaker 4: Is, look, I think we're going to I think we're

851
00:40:22,960 --> 00:40:27,639
entering a very violent time, right, you know, militarily I

852
00:40:27,639 --> 00:40:29,519
think it would be violent. But one thing I know

853
00:40:29,559 --> 00:40:31,280
that's going to be violent because of all the moving

854
00:40:31,280 --> 00:40:33,280
parts and the shifting tectonic plates and all that kind

855
00:40:33,280 --> 00:40:34,480
of stuff, is going.

856
00:40:34,400 --> 00:40:36,159
Speaker 3: To be the financial industries.

857
00:40:36,480 --> 00:40:38,639
Speaker 4: But this is where we also look at them and

858
00:40:38,679 --> 00:40:42,199
we say, guys, there are many ways to navigate these things.

859
00:40:42,239 --> 00:40:44,159
And it kind of reminds me how the Chinese word

860
00:40:44,199 --> 00:40:47,719
for risk and opportunity is the same word, right, meaning yes,

861
00:40:47,760 --> 00:40:51,079
in times of crazy volatility, there's a lot of risk,

862
00:40:51,360 --> 00:40:52,840
but where risk is present.

863
00:40:52,599 --> 00:40:54,760
Speaker 3: So is opportunity. You know.

864
00:40:54,760 --> 00:40:57,079
Speaker 4: I would look at our gold trades, you know, our

865
00:40:57,800 --> 00:41:00,199
gold companies, which you know the S and ps down

866
00:41:00,239 --> 00:41:01,639
what three or four percent on the air. I think

867
00:41:01,639 --> 00:41:04,159
our average gold companies up by forty forty five on

868
00:41:04,199 --> 00:41:04,480
the air.

869
00:41:04,960 --> 00:41:05,159
Speaker 2: Right.

870
00:41:05,239 --> 00:41:07,440
Speaker 4: One of the reasons they are up and one of

871
00:41:07,440 --> 00:41:09,880
the reasons that we're invested in them, and one of

872
00:41:09,920 --> 00:41:12,519
the reasons that we like gold right now is because

873
00:41:12,519 --> 00:41:15,599
gold benefits from uncertainty, right, And there's many other drivers

874
00:41:15,679 --> 00:41:18,280
to gold right now. But this is where we talk

875
00:41:18,320 --> 00:41:22,079
about having to know. And a perfect analogy of this is,

876
00:41:22,119 --> 00:41:24,079
I think when you're driving right, Let's say you're going

877
00:41:24,079 --> 00:41:27,239
through the you know the pass and it's an eighty

878
00:41:27,239 --> 00:41:29,960
degree summer day and it's beautiful out and warm winds

879
00:41:29,960 --> 00:41:32,039
blowing right, you can press it. You could be doing

880
00:41:32,039 --> 00:41:35,400
twenty over shuit probably safe right when you're driving through

881
00:41:35,400 --> 00:41:38,679
that pass during December and you got driving snow coming

882
00:41:38,719 --> 00:41:40,599
at you sideways and ice on the roads, you're going

883
00:41:40,679 --> 00:41:41,719
to drive differently, right.

884
00:41:42,119 --> 00:41:43,199
Speaker 3: Well, if you look at so.

885
00:41:43,159 --> 00:41:46,559
Speaker 4: Many of these portfolios, especially in retirement, there are these

886
00:41:46,840 --> 00:41:51,000
all seasoned portfolios that are fine when you're contributing ten

887
00:41:51,039 --> 00:41:53,360
to fifteen percent twenty percent of your income in then

888
00:41:53,400 --> 00:41:57,480
per year, but once you start withdrawing income, that same

889
00:41:57,519 --> 00:41:59,800
portfolio doesn't work right, right.

890
00:42:00,079 --> 00:42:03,719
Speaker 1: I use the metaphor, you know, buy and hold is

891
00:42:03,960 --> 00:42:07,159
I use the floating down the river. And when you

892
00:42:07,159 --> 00:42:08,880
float down the river, you either have to listen to

893
00:42:08,880 --> 00:42:10,880
Sweet Home, Alabama or a Kid Rocks version of that.

894
00:42:12,039 --> 00:42:15,239
And there's a very limited playlist for river floating. There's

895
00:42:15,239 --> 00:42:17,400
some van Halen songs, but classic van Halen those, Sam

896
00:42:17,440 --> 00:42:21,719
may Hag are allowed, Leonard Skinnered, simple Man's fine, but

897
00:42:21,760 --> 00:42:23,599
you don't want to get into you know, give me

898
00:42:23,639 --> 00:42:25,480
two steps. That's not a river song. I mean there's

899
00:42:25,519 --> 00:42:27,599
a lot, Bob Seeger, I'm a Beatles fan, but not

900
00:42:27,599 --> 00:42:31,639
for river floating. It's just that there's some rules. But

901
00:42:31,840 --> 00:42:34,000
when you're floating down the river and it's friendly and

902
00:42:34,039 --> 00:42:35,960
you're leaning back and you're drinking the bruce Kis and

903
00:42:36,039 --> 00:42:37,480
jumping off and on the raft.

904
00:42:37,480 --> 00:42:37,880
Speaker 3: That's good.

905
00:42:38,159 --> 00:42:40,920
Speaker 1: Keep your hands off the raft. Yeah, Class one rapids.

906
00:42:41,039 --> 00:42:45,719
I you aren't hitting the class four rapids. Press the

907
00:42:45,760 --> 00:42:48,960
great analogy, pretty good idea that you strap in and

908
00:42:49,000 --> 00:42:50,920
see to the river guide, earn your keep, Joe.

909
00:42:51,559 --> 00:42:55,639
Speaker 3: Yeah, and and and especially in this environment.

910
00:42:55,719 --> 00:42:58,880
Speaker 4: And the reason why I keep emphasizing this is because

911
00:42:59,000 --> 00:43:03,079
the types of ass sets that investors would typically invest

912
00:43:03,159 --> 00:43:07,159
in in this environment happen to be the exact opposite

913
00:43:07,199 --> 00:43:10,159
types of investments that have been so popular and have

914
00:43:10,239 --> 00:43:14,599
gained so much traction culturally, right, And so the net

915
00:43:14,679 --> 00:43:17,519
result is, not only is there a need for these assets,

916
00:43:17,599 --> 00:43:21,880
in our opinion, in the average investor's portfolio, but the

917
00:43:21,920 --> 00:43:25,199
real advantage is, because of what has preceded this period

918
00:43:25,280 --> 00:43:29,400
of time, those assets are also generationally cheap.

919
00:43:30,199 --> 00:43:32,280
Speaker 3: Right. So it's yes, And people are like, so, Zach,

920
00:43:32,360 --> 00:43:32,719
you think.

921
00:43:32,559 --> 00:43:34,199
Speaker 4: The outlook is great, And I'm like, I think the

922
00:43:34,239 --> 00:43:39,800
outlook looks chaotic economically meaning great, yes, but yes, for

923
00:43:40,280 --> 00:43:43,320
the things that work in chaos, those things happen to

924
00:43:43,320 --> 00:43:46,559
be on generational sale. And so yes, I And this

925
00:43:46,760 --> 00:43:49,320
is the way people, and all too often you see

926
00:43:49,360 --> 00:43:53,119
people sailing into these periods of times and they're like

927
00:43:53,159 --> 00:43:54,840
buy and hold has worked, and you're like, well, yeah,

928
00:43:54,840 --> 00:43:56,960
because here was this set of circumstances.

929
00:43:56,960 --> 00:43:58,119
Speaker 3: There was only one game in town.

930
00:43:58,400 --> 00:44:02,360
Speaker 4: Those circumstances have changed, okay, and now it's now you

931
00:44:02,599 --> 00:44:05,800
not only and we're not trying to time markets, right,

932
00:44:05,840 --> 00:44:08,960
but we're saying, why is Buffett sitting in thirty percent cash?

933
00:44:09,000 --> 00:44:12,400
Why is the only capital he's deployed in the last

934
00:44:12,480 --> 00:44:15,639
year in the form of an investment gone to international markets.

935
00:44:16,000 --> 00:44:19,159
It's it's because that's where the opportunity is. It's you know,

936
00:44:19,199 --> 00:44:20,920
he's not turning his back on America.

937
00:44:21,119 --> 00:44:22,159
Speaker 3: Neither are we.

938
00:44:22,159 --> 00:44:24,280
Speaker 4: We're just saying on a relative basis, they don't make

939
00:44:24,320 --> 00:44:26,800
any sense. And oh, by the way, there's also a

940
00:44:26,800 --> 00:44:28,800
lot of stuff in the US market that is as

941
00:44:28,800 --> 00:44:30,400
equally and drastically as cheap.

942
00:44:30,719 --> 00:44:32,679
Speaker 3: Why is this so cheap? Again, it's not tech, it's

943
00:44:32,760 --> 00:44:33,360
not sexy.

944
00:44:33,679 --> 00:44:36,679
Speaker 4: It isn't think people don't like to tweet about it, right, Like,

945
00:44:36,719 --> 00:44:38,480
I mean, you know, if you want to go get

946
00:44:38,519 --> 00:44:41,000
a bunch of retweets, go write something quota that sounds

947
00:44:41,000 --> 00:44:45,400
somewhat smart about chips and Nvidia. If you yeah, if

948
00:44:45,400 --> 00:44:48,239
you want to hear crickets talk about how cheap a

949
00:44:48,280 --> 00:44:51,599
gold miner is a right cricket.

950
00:44:51,679 --> 00:44:54,599
Speaker 1: Right, I'm thinking back to the days of tech panels

951
00:44:55,119 --> 00:44:58,039
with us now the chief Digital Strategies stuff on MTV,

952
00:44:58,159 --> 00:45:01,639
working on a next generation of access to music, entertainments,

953
00:45:02,000 --> 00:45:06,840
universal studios, talent development, working with game developers. And for Microsoft,

954
00:45:07,239 --> 00:45:10,079
we have Alex T. Wang who invented the print driver

955
00:45:10,280 --> 00:45:15,159
for right and Wow, Okay, guess one guess who made

956
00:45:15,159 --> 00:45:19,159
more money? Guess like, if you go across the board,

957
00:45:19,199 --> 00:45:22,280
the guy who's responsible for every print driver at Microsoft

958
00:45:22,360 --> 00:45:25,239
from an IP basis that ever existed in all of

959
00:45:25,280 --> 00:45:29,880
their computers. Dude who created the print driver? Right, But

960
00:45:29,920 --> 00:45:32,280
no one wants to talk. Yeah, he owned the IP

961
00:45:32,519 --> 00:45:33,719
to the print driver business.

962
00:45:34,119 --> 00:45:38,840
Speaker 3: He owned it. Yeah. Oh so he developed it under Microsoft.

963
00:45:38,960 --> 00:45:41,320
Speaker 1: Right, so Microsoft needs a universal print driver. This guy's

964
00:45:41,320 --> 00:45:43,880
got a universal print driver. They buy his code, they

965
00:45:43,880 --> 00:45:45,880
buy his IP and now he goes around and he

966
00:45:45,920 --> 00:45:47,760
talks on panels. But no one wants to talk about him.

967
00:45:48,480 --> 00:45:52,400
Speaker 4: Oh man, Yeah, well if he if he is out

968
00:45:52,440 --> 00:45:54,920
there and he would like to invest or, I would

969
00:45:54,920 --> 00:45:56,519
be happy to have that conversation with him.

970
00:45:56,559 --> 00:45:59,000
Speaker 1: I imagine you would we got a loop back around

971
00:45:59,079 --> 00:46:01,480
and talk about a news thing here, because this speaks

972
00:46:01,519 --> 00:46:05,239
to hiring. And I know you mentioned earlier you know

973
00:46:05,320 --> 00:46:07,360
you have a team of people that depend on your work.

974
00:46:07,880 --> 00:46:09,760
But I think you'd be the first to say you also,

975
00:46:10,000 --> 00:46:13,480
to some degree, depend on their work. Yeah, there's an

976
00:46:13,480 --> 00:46:18,280
interdependence that's present in all healthy organizations and families, or

977
00:46:18,280 --> 00:46:21,639
at least a recognition of that interdependence. And Alan Soaps

978
00:46:21,760 --> 00:46:26,079
is exactly this way. John their father, Alan and Ian's dad.

979
00:46:26,480 --> 00:46:29,519
He's the mind, the marketing mind. He's the adult. He's

980
00:46:29,519 --> 00:46:32,440
built businesses, very very successful in digital marketing. You would

981
00:46:32,519 --> 00:46:34,960
know some of the campaigns he's worked on their world famous.

982
00:46:35,519 --> 00:46:37,920
When he realized that his son Alan was going to

983
00:46:37,960 --> 00:46:41,840
face enormous challenges, physical challenges. He's fourteen, he's been through

984
00:46:41,840 --> 00:46:45,800
about eighteen operations, he realized as well, he's going to

985
00:46:45,920 --> 00:46:50,559
probably have neurological challenges. He does. He's effectively nonverbal. When

986
00:46:50,599 --> 00:46:52,800
doctors are saying, hey, let us ut alive your baby

987
00:46:52,840 --> 00:46:54,440
for you, he said, no, no, we're not going to

988
00:46:54,480 --> 00:46:57,320
do that. He created a company custom built for Alan,

989
00:46:57,440 --> 00:46:59,519
a place he could work that makes a simple product

990
00:46:59,519 --> 00:47:02,639
but makes it brilliantly. Soap is simple, or if you

991
00:47:02,719 --> 00:47:04,679
are a great, big company that makes it in China

992
00:47:04,679 --> 00:47:07,719
with slave labor, it's complicated because you get all the chemicals,

993
00:47:07,760 --> 00:47:10,480
you want to hide the chemicals with fake fragrances, et cetera.

994
00:47:11,239 --> 00:47:14,159
Alan soap is not that it's made in America. Three

995
00:47:14,199 --> 00:47:17,800
generations of soap making expertise, and John is a very

996
00:47:17,800 --> 00:47:22,639
crative man digitally, Alan though nonverbal, soap is his art.

997
00:47:23,800 --> 00:47:28,039
So you're going to encounter fragrances of soap you've never experienced,

998
00:47:28,079 --> 00:47:30,800
like cedaroa jasmine, and they all tie back to very

999
00:47:30,840 --> 00:47:33,639
special memories for Alan, So I think this will mean

1000
00:47:33,679 --> 00:47:37,360
something to you. Yeah, there's fragrance free and the soap

1001
00:47:37,480 --> 00:47:41,440
is very mild because Alan skin can't handle anything that's

1002
00:47:41,519 --> 00:47:45,159
not Alan works there. Ian works there, they aren't welcome

1003
00:47:46,400 --> 00:47:49,400
and the rest of the employment economy, even though they're

1004
00:47:49,519 --> 00:47:52,440
very very successful workers there. Amy has joined the team.

1005
00:47:53,199 --> 00:47:57,800
She was neurotypical, absolutely normal neurologically, and then late in

1006
00:47:57,840 --> 00:48:00,880
life got autism and all of a sudden, all the

1007
00:48:00,920 --> 00:48:04,039
colleges are like, it's too bad for you. So now

1008
00:48:04,079 --> 00:48:07,159
she's gainfully employed there. So it's an interdependence they all

1009
00:48:07,199 --> 00:48:10,320
need each other. We need soap. Unless you want to

1010
00:48:10,320 --> 00:48:13,320
be a stinky, disgusting hippie, you need soap. So go

1011
00:48:13,400 --> 00:48:15,400
to Alan Soaps dot com slash Todd. You get temper

1012
00:48:15,480 --> 00:48:18,000
sent off all their products there, and it's not just so.

1013
00:48:18,480 --> 00:48:20,960
They have some of the softest washcloths I've ever seen,

1014
00:48:21,320 --> 00:48:22,679
and they have that thing that you use to get

1015
00:48:22,719 --> 00:48:24,239
away from the dead skin. I forget that it's called

1016
00:48:24,239 --> 00:48:25,440
I just want to call it a hoofah. But then

1017
00:48:25,480 --> 00:48:28,400
it's not a hoofa, that's a it's a what lufah? Oh,

1018
00:48:28,480 --> 00:48:30,880
my producer Alex knows what it is. So okay, that's it.

1019
00:48:30,920 --> 00:48:34,559
You've earned your nickname, mister Lufa. Yep, yep, mister Lufa.

1020
00:48:34,679 --> 00:48:36,639
He doesn't earn your nickname. We've only worked together for

1021
00:48:36,639 --> 00:48:40,320
a decade. Now you're mister Lufa. It's Alan SOPs cam

1022
00:48:40,960 --> 00:48:45,239
slash Todd tempercent off all your products there. So Zach,

1023
00:48:45,360 --> 00:48:49,119
you made comment on a post from Pete Bootage Edge

1024
00:48:49,199 --> 00:48:55,079
may Repete, and may Repete is clearly a patriot and

1025
00:48:55,320 --> 00:48:58,679
he knows right from wrong. And it appears that Pete

1026
00:48:58,679 --> 00:49:02,239
Hegseth and the team we're discussing war plans, except no,

1027
00:49:02,400 --> 00:49:06,559
because now we find out they weren't, you know, war plans.

1028
00:49:07,320 --> 00:49:11,280
They were discussions of maybe going to war. And Mayor

1029
00:49:11,320 --> 00:49:14,639
Pete is beside himself that if they don't know right

1030
00:49:14,679 --> 00:49:17,559
from wrong sharing national security secrets, and this is why

1031
00:49:17,599 --> 00:49:20,719
Mayor Pete came out so hard to put Hillary Clinton

1032
00:49:20,760 --> 00:49:24,599
in prison for what she did right And it turns

1033
00:49:24,639 --> 00:49:27,920
out and this is now speculation, but check this out.

1034
00:49:28,880 --> 00:49:32,519
There's a guy who works for Mike Davis who was

1035
00:49:32,559 --> 00:49:36,840
on that call. His name is Alex Wong. His wife

1036
00:49:37,719 --> 00:49:42,559
is named Candace Chew Wong. She has an interesting background.

1037
00:49:43,199 --> 00:49:45,920
She worked under the Obama administration and Biden administration. She

1038
00:49:46,159 --> 00:49:52,000
prosecuted Jenerous six cases. She in addition to that prosecuting

1039
00:49:52,079 --> 00:49:55,119
January sixth cases, was a member of the United States

1040
00:49:55,119 --> 00:49:58,760
Sensing Commission. She worked for Sonya Sotomayor.

1041
00:49:59,400 --> 00:50:00,880
Speaker 3: This gentleman name is Mike Wong.

1042
00:50:01,039 --> 00:50:03,679
Speaker 1: No, his name is Alex Wang. His wife's name is

1043
00:50:03,760 --> 00:50:04,800
Candice Chow Wong.

1044
00:50:05,760 --> 00:50:07,599
Speaker 3: What role does Alex Wong play?

1045
00:50:07,599 --> 00:50:09,440
Speaker 1: Why was she? I'm going to tell you in a second.

1046
00:50:10,039 --> 00:50:13,599
Alex Wang worked for Covington and Burnington and Burling, which

1047
00:50:13,639 --> 00:50:15,920
is one of the law firms the president recently stripped

1048
00:50:15,920 --> 00:50:22,840
of security clearance. Alex Wong is apparently the guy who

1049
00:50:22,920 --> 00:50:25,039
was asked to invite the right people to the call.

1050
00:50:25,880 --> 00:50:26,440
Speaker 3: Oh.

1051
00:50:27,360 --> 00:50:36,239
Speaker 1: Alex Wong is apparently friendly with Jeffrey Goldberg, The Atlantic reporter.

1052
00:50:37,159 --> 00:50:37,519
Speaker 3: Weird.

1053
00:50:38,840 --> 00:50:41,239
Speaker 1: I don't know about you, but if I were hiring

1054
00:50:41,280 --> 00:50:44,400
a guy at Bulwark, So where'd you work before? And

1055
00:50:44,440 --> 00:50:48,000
he says you're arch Nemesis, Like when did you leave yesterday?

1056
00:50:49,840 --> 00:50:51,800
Do you have are you married? Yeah? Where's your wife

1057
00:50:51,800 --> 00:50:55,440
work there for our nemesis company? Yeah?

1058
00:50:55,440 --> 00:50:55,800
Speaker 4: What she do?

1059
00:50:55,880 --> 00:51:00,440
Speaker 1: She's a strategic advisor to the CEO. Where's work part

1060
00:51:00,480 --> 00:51:03,119
of that? Oh, she's been there her whole life, their family.

1061
00:51:04,920 --> 00:51:08,320
At what point in the interview do you step away

1062
00:51:08,400 --> 00:51:10,920
and come back and say we'll let you know, and

1063
00:51:10,960 --> 00:51:13,159
then you send him a note we've decided to go

1064
00:51:13,199 --> 00:51:16,400
another direction, thank you for your time. Do you keep

1065
00:51:16,440 --> 00:51:17,880
a guy like that on your team?

1066
00:51:18,599 --> 00:51:19,719
Speaker 3: No?

1067
00:51:19,719 --> 00:51:21,599
Speaker 1: No, no, Do you hire a guy like that on

1068
00:51:21,639 --> 00:51:22,239
your team?

1069
00:51:23,199 --> 00:51:26,079
Speaker 3: No? Not unless I knew him really well? Right like it, Like,

1070
00:51:26,119 --> 00:51:29,079
I'd have to know why he left. I'd have to

1071
00:51:29,119 --> 00:51:29,800
be convinced.

1072
00:51:29,840 --> 00:51:33,159
Speaker 4: Otherwise you're just sitting there going yeah, just I mean

1073
00:51:33,559 --> 00:51:36,599
now obviously we're not handling national secrets and not issues

1074
00:51:36,599 --> 00:51:37,280
of life and death.

1075
00:51:37,320 --> 00:51:40,639
Speaker 3: But yeah, would it raise some things. It really would.

1076
00:51:40,719 --> 00:51:43,360
But starting back with Pete.

1077
00:51:43,239 --> 00:51:45,679
Speaker 1: Mayor Pete, let's use his honorific man, have some respect,

1078
00:51:45,800 --> 00:51:46,360
Mayor p s.

1079
00:51:46,760 --> 00:51:51,400
Speaker 4: My apologies, Mayor Pete the dignified, Yes, Pete. So in

1080
00:51:51,440 --> 00:51:53,559
an effort to be fair to him, because everybod's going

1081
00:51:53,559 --> 00:51:55,480
to jump to conclusions here. So I sat there and

1082
00:51:55,519 --> 00:51:57,400
I went, you know, what I need to do the

1083
00:51:57,440 --> 00:51:58,800
work that nobody wants to do.

1084
00:51:59,519 --> 00:52:01,239
Speaker 3: Maybe what he's saying isn't out of line.

1085
00:52:01,280 --> 00:52:03,239
Speaker 4: So what I did is I took the transcript of

1086
00:52:03,280 --> 00:52:05,880
what he said about you know, yesterday, and I compared

1087
00:52:05,920 --> 00:52:09,119
it to what he said about the Hillary Clinton H

1088
00:52:09,199 --> 00:52:10,000
server documents.

1089
00:52:10,039 --> 00:52:14,559
Speaker 3: OK, so he didn't say anything about the Hillary Clinton service.

1090
00:52:14,320 --> 00:52:18,119
Speaker 1: Docus right and easy comparison.

1091
00:52:18,880 --> 00:52:21,840
Speaker 4: Yeah, And I looked long and hard for it, Todd,

1092
00:52:21,840 --> 00:52:25,280
but there was just nothing there, right, And this is

1093
00:52:25,320 --> 00:52:27,599
we were having a conversation about this in the office

1094
00:52:27,719 --> 00:52:31,840
and this is and I know everybody listening right.

1095
00:52:31,760 --> 00:52:33,960
Speaker 3: Now is sympathetic. So I'm not telling anybody anything.

1096
00:52:33,760 --> 00:52:37,079
Speaker 4: They don't know, but this is the stuff that people

1097
00:52:37,119 --> 00:52:41,239
have had, so they're just so sick of right. Let

1098
00:52:41,320 --> 00:52:43,199
your yes be or yes, and your no be or no.

1099
00:52:43,639 --> 00:52:46,840
And to some degree on both parties. For instance, one

1100
00:52:46,880 --> 00:52:48,800
of the things that's bothering me a little bit. Now,

1101
00:52:48,840 --> 00:52:50,719
now you got to see how these things float out,

1102
00:52:51,000 --> 00:52:54,039
but one of these things is bothering me a little bit.

1103
00:52:54,199 --> 00:52:58,280
To that end was the immediate rush to minimize this

1104
00:52:58,400 --> 00:53:00,480
and say it's not a big deal, right.

1105
00:53:00,480 --> 00:53:02,559
Speaker 1: Or to say it was multi layer chess. Oh, you

1106
00:53:02,559 --> 00:53:04,559
guys don't get it. They're totally setting up this reporter.

1107
00:53:04,679 --> 00:53:06,639
This is a Trump plan. I saw so much.

1108
00:53:06,559 --> 00:53:10,519
Speaker 4: Of that come on man like again, and we cannot

1109
00:53:10,599 --> 00:53:13,840
give up our intellectual integrity just because the other side.

1110
00:53:13,719 --> 00:53:14,159
Speaker 3: Is done there.

1111
00:53:14,599 --> 00:53:16,960
Speaker 4: If those guys broke rules, which I think having those

1112
00:53:17,000 --> 00:53:20,239
calls now, my suspicion is, like we were talking about it.

1113
00:53:20,360 --> 00:53:23,960
My suspicion is is it's probably pretty innocent. My suspicion

1114
00:53:24,039 --> 00:53:28,559
is is they were talking on signal and the conversation

1115
00:53:29,199 --> 00:53:32,440
veered this way, and nobody stopped to think, wait a second,

1116
00:53:32,480 --> 00:53:34,519
now we're having a conversation that we need to be

1117
00:53:34,559 --> 00:53:36,239
having on official I'm saying.

1118
00:53:36,039 --> 00:53:38,360
Speaker 1: Actually, the introduction of the conversation framed it up as

1119
00:53:38,400 --> 00:53:41,679
here's the conversation we need to have. Okay, Okay, So

1120
00:53:41,760 --> 00:53:43,880
it was framed up that way, and that's new as

1121
00:53:43,920 --> 00:53:45,280
of like an hour ago, So don't blame me for

1122
00:53:45,280 --> 00:53:47,800
I'm not knowing that. But what also came out was,

1123
00:53:47,960 --> 00:53:50,440
here's who's going to be inviting people to the phone

1124
00:53:50,480 --> 00:53:53,679
to the call, Here's who's going to be plugging people in.

1125
00:53:54,559 --> 00:53:58,960
And Alex got to plug people in. This Alex Wong guy. Yeah,

1126
00:53:59,000 --> 00:54:02,119
And so my thing is that, Okay, how about this

1127
00:54:02,679 --> 00:54:06,119
check everybody in the room. You would think, how about

1128
00:54:06,119 --> 00:54:09,960
you look at we're having a conversation about bombing the

1129
00:54:10,000 --> 00:54:12,920
Hoothies with our men and our equipment. Let's make sure

1130
00:54:12,920 --> 00:54:14,840
we know everybody in the room. Now, I haven't used

1131
00:54:14,840 --> 00:54:16,840
signal in a long time. Maybe you can be hidden,

1132
00:54:17,920 --> 00:54:21,840
but I would tell you this. Tucker Carlson claims, and

1133
00:54:21,920 --> 00:54:25,280
with a good bit of support, that the National Security

1134
00:54:25,280 --> 00:54:30,440
Agency hacked his signal, but for good reasons. I want

1135
00:54:30,519 --> 00:54:33,159
you to know it was for the right reasons. Are

1136
00:54:33,159 --> 00:54:37,920
you telling me that the National Intelligence Apparatus has given

1137
00:54:38,000 --> 00:54:40,199
up trying to tank President tomp And again, I'm open

1138
00:54:40,239 --> 00:54:42,320
to the idea that it was a stupid mistake, in

1139
00:54:42,360 --> 00:54:45,960
which case punish somebody. Yeah, that's a bad, bad mistake.

1140
00:54:46,000 --> 00:54:49,960
Suspend somebody, take some pay. Yeah, it doesn't compare. It's

1141
00:54:50,000 --> 00:54:53,440
not even in the same universe of Hillary Clinton deciding

1142
00:54:53,480 --> 00:54:56,360
to commit national security filmies. Right, not even in the

1143
00:54:56,360 --> 00:54:57,840
same universe or anywhere near it.

1144
00:54:58,199 --> 00:55:00,239
Speaker 4: Well, and it wasn't an effort to hide anything. It

1145
00:55:00,280 --> 00:55:03,920
wasn't an effort to protect themselves, right, Like it is different.

1146
00:55:04,119 --> 00:55:05,679
It is different than the Clinton thing. And I think

1147
00:55:05,719 --> 00:55:09,000
the Clinton thing is it raises so many more questions,

1148
00:55:09,400 --> 00:55:13,679
but the point still remains, like, save your outrage unless

1149
00:55:13,719 --> 00:55:15,679
I see the same stuff about Clinton.

1150
00:55:15,960 --> 00:55:17,880
Speaker 3: Right, and the rest of you were saying, this is

1151
00:55:17,920 --> 00:55:19,280
a witch hunt. That's what you were.

1152
00:55:19,199 --> 00:55:21,519
Speaker 4: Saying about Clinton. Now all the sudden heads need to

1153
00:55:21,599 --> 00:55:23,159
roll and people need to go to prison, get out

1154
00:55:23,159 --> 00:55:23,400
of here.

1155
00:55:24,079 --> 00:55:26,639
Speaker 1: Just I've had enough of it, man, I know. Well listen,

1156
00:55:26,679 --> 00:55:30,000
go have vacation with your brides and go do that.

1157
00:55:30,119 --> 00:55:33,159
And thank you for a wise counsel and congratulations in

1158
00:55:33,199 --> 00:55:34,039
twenty years brethren.

1159
00:55:34,559 --> 00:55:35,639
Speaker 3: All right, thank you so much.

1160
00:55:35,679 --> 00:55:35,800
Speaker 2: Man.

1161
00:55:35,840 --> 00:55:37,880
Speaker 3: I'm looking forward to get back and chatting it up again.

1162
00:55:37,960 --> 00:55:40,360
Speaker 1: Kat Wait, this is the Todd hermitshell. Please go be well,

1163
00:55:40,639 --> 00:55:44,760
be strong, be kind, and remember God does in a

1164
00:55:44,800 --> 00:55:48,000
way help those who help themselves. No, he does. This

1165
00:55:48,079 --> 00:55:49,880
is when you admit you can't help yourself and ask

1166
00:55:49,960 --> 00:55:52,480
Him to enter your life and take over. Walk into

1167
00:55:52,559 --> 00:55:53,159
light of Christ.