Speaker 1: Zach Abraham is going to join us to talk about
things various, you know, like the like the kind union feller,
the guy who runs the Long Sherman's Union seems like.
Speaker 2: A nice guy.
Speaker 1: I won't cripple you cripple this country. And we'll play
that clip if you've not seen it. His name is
Harry Daggett and he owns yachts. He makes nine hundred
grand a year. Harold, pardon me. He drives a Bentley
average Long Sherman on the West Coast, earns one hundred grand.
Speaker 2: We'll talk with Zach about that.
Speaker 1: Plus then the S and P drop in one percent
and CNBC says they know why is that really why?
Plus there's some entertainment to come. I think that has
to do with something that's going on at Starbucks. This
has been a long time bruin, bruin, I kill me.
We'll talk about this with the help of our YouTube
channel YouTube dot com, slash at The Todd Herman Show,
and of course with Bulwark Capital Management No You're risk
Grady dot com and courtesy of God Almighty.
Speaker 3: The Todd Herman Show is one hundred percent disapproved by
Big Pharma technic. Some tyrants everywhere. No, from the high
mountains of Free America. Here's the Emerald City exile cod
her Man.
Speaker 1: Today is a day the Lord has made, and these
are the times.
Speaker 2: To which God has decided we shall live.
Speaker 1: Zach Abraham joins us its wise Council day on the
Todd Herman Show Man. That that Tim Waltz. He's an exciting,
calming personality, very nuanced, able to present things well without
waving his hands around then turning round. Did you sit
down and watch that thing?
Speaker 4: Well, I was too busy fawning over my school shooter's
collector cards that I like.
Speaker 1: Please not everyone saw the debate, Please explain that.
Speaker 4: Oh well he's he's what a bizarre comment he's I've
made friends with several school shooters. Uh, like you know,
Oh I didn't watch the old debate. I read it. Yeah,
I got to look after my own pro I I
have avoided these debates like the plague tod I read
about them after the facts. So I just I can't.
Speaker 1: I just can't do it now. Look, I work with
guys who've been in jail, in prison, and I've become
friends with one of Them's I think I consider a
friend I mean, we just hang out. It just reminds
me i'n' seen him a while.
Speaker 2: He's sick.
Speaker 1: I need to get in touch with him. But we
hang out and I enjoys company other guys that have
been in the in prison I mentor. But man, they're
not my friends. They're scary right there, and they don't
know where I live. And actually they've never seen my truck.
Speaker 4: Yeah. Purpose, and it also it also points to I
think somewhat of a spiritual vacuum, but but a giant
logic hole in so many of this pre making friends
with evil makes it no less detestable. Right, it doesn't
protect your home, okay, because you make for it, Like
you know, it's it's like having a pet great white shark, Okay,
Like don't don't get in there with an open wound
and swim with him, right they and it just it
just goes to the idiocy of people. We were talking
about somebody that uh, somebody off the air or before
we got on here. You know that's kind of done
a similar thing right where where you just sit there
and go you realize making them your friend or aligning
with them makes you no more safe.
Speaker 2: Yep.
Speaker 4: Right, it doesn't. It doesn't improve anything, and it you know,
to me, it's not even so much about who wins
the election. Obviously, I think that's important to me. It's
a tragedy that that people this vacuous, this stupid, and
this unaccomplished have found their way to the tops of
tickets it with this little wisdom. I mean, just the guy.
Speaker 1: The guy's an idiot, and all in all, I have
to track this thing down. I mean to interrupt you,
but I got to track this thing down. I used
to work with a guy who is a major league mathematician,
machine theory guy, machine learning guy. He had like three
PhDs in math.
Speaker 2: He's just that dude.
Speaker 1: He did a mathematical model to prove that we were
headed for the what was it, an era of mediocre presidents,
And it was based upon modeling of how elections are
decided at the last minute by swing voters. You know
what it is.
Speaker 4: I like him, Yeah, I like that, yeah, yeah, yeah.
Speaker 1: Yeah, yeah, he's he's a kind uncle. You mentioned what
pet a great white shark?
Speaker 4: Yeah yeah, yeah.
Speaker 1: You know, I'm being hyperbologist, I know, but you're but
second friend to mention, I've had a friend this morning
tell me that he has a friend who has an
ostrich is a pet, and this is true. He was
explaining this that when he wakes up and he goes
feed the ostrich, Ostrich hisses at him, tries to use
that uber claw to kill him, and then he puts
food in there. Then by the end of the day,
the ostrich is his buddy, comes up, rubbing against him
and making like friendly noises, goes to sleep, gets up
the next day at it's Groundhog's day, at the Ostrich
rants to kill him again. People better understand this about
the political process. That ostridge that's your friend. During the
election cycle, it will take that little prehensile claw and
open up your jugular like this dear guy from the
long Shoreman.
Speaker 2: You do all right, Let's let's watch this video.
Speaker 1: This is a guy named Harold Daggett combines salaries. He
gets uh Seven hundred and twenty eight grand as the
president of the long Shoreman's Association National Longshoreman Association, another
one hundred and seventy three grand as president emeritus of
a local union branch.
Speaker 2: According to your Politico, this is all cording to Politico,
Drives A.
Speaker 1: Bentley has a yacht that's seventy six feet in length,
and Elon Musk says, dude has more lot yachts than
I do.
Speaker 2: Watch watch this video of this guy.
Speaker 5: These people today don't know what the shrike is.
Speaker 6: When my men hit the streets from Maine to Textas,
every single port will lock down. You know what's gonna happen,
I'll tell you. First week be all over the news
every nine boom boom. Second week, guys who sell cars
can't sell cars because the cars ain't coming in off
the ships. They get laid off. Third week, malls are
closing down. They can't get the goods from China. They
can't sell clothes. They can't do this. Everything in the
United States comes on a ship. They go out of business.
Construction workers get laid off because the materials aren't coming in.
Speaker 5: The steel's not coming in, the lumber's not coming in.
They lose their job.
Speaker 6: Everybody's hating the long Showman now because now they realize
how important our jobs are. Now I have the President's
screaming at me. I'm putting a taff harty on.
Speaker 5: You go ahead.
Speaker 6: Taf Holly means I have to go back to work
for ninety days after cooling you off.
Speaker 5: Period.
Speaker 6: Do you think when I go back for ninety days,
those men are going to go to work on that pier.
It's going to cost the money, the company's money to
pay the salaries. Well, go one from thirty moves an
now and maybe to eight. They're gonna be like this,
who's going to win here? In the long run, You're
better off sitting down and let's get a contract and
let's move on with this world.
Speaker 5: And could today's world. I'll cripple you. I will cripple you.
And you have no idea what that means. Nobody does.
Speaker 2: So, Zach, get a second.
Speaker 1: I want to talk with you about that statement I
will cripple you, because as I'm listening to this, I
want to believe it's an idle threat. But something tells me,
dude is not idly threatening, even with the big gold necklace.
And look, everybody has the thing. My thing is health,
Zach sing to the degree is health through a large degree.
And there are simple, simple hacks. You can make it complicated.
Let me give you some hittens. This comes from Tim
Farrett Ferris.
Speaker 2: This holds true.
Speaker 1: Don't eat foods that are white or can be white.
In almost all occasions, foods that are white or can
be white, are bad for you. Now there are some exceptions.
I've learned that potatoes are a big exception.
Speaker 4: For me.
Speaker 1: It's a great carb for me. Eat foods you can
identify on site. Don't drink calories. Now you take a
protein supplement or something like that that's a controlled calorie,
but don't consume calories. Never drink a sugar fruit juice
is a sugar. Never ever drink of sugar. Understand that
anything sweet in your mouth, like this gum I'm chewing,
your body thinks his sugar and it will cause you
to store fat.
Speaker 2: Got that.
Speaker 1: Here's another easy tip. Go to biptomizers dot com slash
tod pick up a bottle of mass zymes. This is
a very potent series of digestive enzymes. It took them
two hundred and forty three experiments to land on the
formula they will release to us. I've gotten to use it.
I love it, and now you get to use it.
It helps maintain muscle because, according to a test at
birchen On International University in Bosnia, it produces twelve hundred
percent more amino acids in your body. Than eating food alone.
That's muscle preservation. It can even contribute to muscle growth.
Speaker 2: Definitely.
Speaker 1: Digestive comfort is huge with this. I take it three
times a day. Go to boptimizers dot com slash tod
get ten percent off your bottle of mass Simes and
all their products, and don't let part digestion hold you
back from reaching your full potential. Boptimizers dot com slash tod.
So zach this guy, and he's got the gold necklace swinging.
He's got that sort of attitude. The Political reported, No,
it was. The New York Times reported that he has
been linked to the Was it the Genevc crime family.
Speaker 4: No.
Speaker 1: The Telegraph reported that that's weird. He doesn't seem like
a crime family guy to mell with you. Look, I'll
cripple you so he can.
Speaker 4: Can He he's gonna make us We probably should be careful.
He's gonna make a swim with the fishes, right, Sleep
with the fish, Sleep with the fishes. Look here, this
guy is the walking embodiment of the of the of
the issues that I have with organized labor. Okay, so,
on the face of it, I have no problems with
organized labor. If people want to organize and unionize. I
think they should be allowed to. I don't think it
should be something the government gets in the way of.
I think it should between be between the employees and
the employer. And I think that in some industries, in
some situations, I think unions are good. Right. So here's
the issue that I have. All too many of these
unions have become simply political apparatuses where this guy and
the education union teachers Union is the exact same way.
They are political arms of the Democratic Party, and they
are meant to enrich and empower those running the unions
and their political cohorts. And the thought, the the afterthought
is the worker, meaning the worker is not even on
the priority list. They're just not. And if you want
to get an ex sample of this, look at how
the Teamsters union refuses to make an endorsement for a
president even though their members overwhelmingly support Trump. Right, And
you know, teachers union same way. The most the highest
paid person in education is the head of the teachers' union.
Why why is that right? Why? Because she is being
incentivized through the powers that be, to hold onto the
power of the teachers union and control them politically to
get what they want politically out of teachers, right, and
and the educational system. And she has paid enough to
make that a very lucrative job, just like this guy
is paid at you know, it is paid to do
this with the long shortman, it's it's it's a ruse
happening right in front of your face. We're out here
for the workers. But I make enough money off the
backs of those workers. Right. What pays him that nine
hundred grand a year is taking money out of those
people's checks. He's not doing the work, he's not taking
the risk. He's not operating a crane at three in
the morning unloading on a ship. Right. Just think to yourself,
and and I think compensation, especially in situations like that.
If somebody owns a business and they go out and
produce the good and they make ten million dollars a year,
that's their deal, right like this, so they've generated that money,
they've created that money. Good for them. Okay, this is
completely different scenario. Ask yourself, why is he paid that
much money? Why? Why would the head of a union
of long shortman get paid a millionaire? Why? Right? Because
he's doing something really valuable for deep pocket people who
are those deep pocket people his political alliances, right, that's
who he answers to, not to the union. So this
is the problem I've got with, you know, and I
feel all too often in my opinion that because of
guys like this, we demonize unions. And I think that
unions can be good things. To me. It's all about
context and the way it's set up in industries and all,
you know, all those different things.
Speaker 1: Intive issue, Like you're talking about his paypackers, Let's look
at his incentive issue. He's incentivized to keep as many
people employed as possible, regardless of whether or not they're contributors. Now,
you know, and I know, they're longshoremen and women for
that matter, who are very proud of their jobs. They're
aware of how integral they are to the economy. They
may have heritage in this world, and they may love
their jobs. And you and I could look at a
job like that you were described, unloading a shipping container
at three o'clock in the morning. You and I would
look at that and go, that's not what we would choose.
I know people who like that lne of work. They're alone,
they've got clear deliverables, they got their shift, their shift
is eight or ten.
Speaker 2: They get three.
Speaker 1: You know three, eight's off and they have a predictable
pension package.
Speaker 2: It's solid for them.
Speaker 1: They go home and work is over you and I
works not over showprep is constant for me. Looking at
the market is constant for you. So I agree that
I don't want to throw those guys into this bucket.
But he doesn't care about the people who don't like
their jobs. They're going to work on slowdowns all the time.
I'll never forget.
Speaker 2: This day, is Zach. This was so educational to me.
Speaker 1: Is I got hit in the back of the head
with a two by four by a union member in
nineteen ninety five when I was doing radio because it
was talking about Kaiser Aluminum in Washington State. They used
to be a big deal, funny thing. They're not a
big deal over there anymore because of treatment like this.
I was talking about the strike and I was talking
about how good Kaiser been to people, and I found
out how much money the head of their union made
in nineteen ninety five, and it was ten times what
Kaiser workers were making. And trying to tell them, do
you understand you guys are going to get a five
thousand per year bump.
Speaker 2: This guy's going to get a.
Speaker 1: Hundred thousand per year bump. Do you understand this? And
a guy got so outraged at me. We had no
security in this radio station. He came into the radio station,
came upstairs with the two by four, and just before
he hit me solid in the brainstem, my producer yelled herman,
and I ducked and it grazed my head. Later, a
guy told me about quarter day. Have you ever heard
about quarter day?
Speaker 4: I don't think so.
Speaker 1: Okay, So the union had argued into their contracts that
their employees shouldn't have to pay their money for vending machines.
There were vending machines on the Kaiser property, candy bars, soda, whatever,
but they didn't ask the union's permission to get them there.
So the union did a negotiation based upon and I
don't remember if it was once a week or what
the timing was. Everybody got a roll of quarters to
spend the vending machine. So here's what quarter day was.
When there was an apple cup, Washington State versus University
Washington in football, or let's say the Seahawks made the.
Speaker 2: Playoffs, or there were Super Bowls.
Speaker 1: Weird thing happened. The aluminum rollers ended up getting rolls
of quarters in them, and it's a multi million dollar shutdown.
And the rule the union had negotiated was if equipment breaks,
our guys go home and the people who fix the
equipment come and fix the equipment. And that came to
me from a union employee saying it was the union
bosses who argued that into their ears. And Zach, I
knew people who had three houses retiring as skilled labor
and truly skilled dangerous shops at Kaiser. That was a
smelter man. That's not an easy or fun or safe job. Right.
So then Harold Daggett sits on top of this. His
other incentive is to continue to bump pay no matter
what it does to the country. That's the part that
gets me. He sits on our prime coasts as the
dude whose only incentive is more money, more employees. He
doesn't have anti incentive at all to reach, you know,
to even reach into his.
Speaker 2: Heart to care about America. And he says triple you.
Speaker 1: And I'm telling you he can.
Speaker 4: Yeah no, I well, yeah, I mean. And so my
comment about unions, then here's here's the next part. Right,
everything has limits. The idea that we have a setup
in this country where a guy like that can even
make that kind of threat is ludicrous, right, Like, that's
just I mean, talk about letting the inmates from the asylum, right, like,
just you just can't do that. I mean, you can't
let you can't allow somebody or some group of people
to hold the saustage. Right, So everything has its limits.
But to me, it's the perverse incentives. And union members
need to know this, right like, meaning you know, and
part of me is encouraged because this might be the
beginning of the end of the political domination of unions,
which which truthfully is going to serve union members better,
quite honestly, right where where they've got you know, both
parties see them as viable, which means that they're going
to get more legislation. But so I think it will
be to fit them. But I think that this could
be the end of of you know, this this uneven
leverage that these union bosses have in our economy, because
it's just it's it's really it's just it's crazy.
Speaker 2: To me, it's ridiculous, right, and they don't get this math.
I agree with you and all that there's this math.
Speaker 1: Software companies largely exist to find well, not not all
of them, because some of are just social media consumer apps,
but a lot of software, a lot of AI exists
to say, how can we remove humans? If I was
an AI startup, I'd be going, I want ais that
drive forklifts at three o'clock in the morning and unload ships. Yeah,
that's the AI want. And I'm going to name my
AI Herald Daggett and and I'll give it one yacht
uh and it won't use it because it's an AI.
I wanted to ask you a question about investments related
to this, risk management and opportunities to capture maybe some
profits on this given that we are looking at least
to shut down. We'll talk about that with Zach Abraham,
chief investment officer Bulwark Capital Management. As in mentioning this,
I just realized, Dear God in Heaven, we could be Okay,
stop the show.
Speaker 2: Coffee, guys.
Speaker 1: I can't finish the show. I've got to order more
bone Frog because some of this stuff has imported some
of the beans. Tim does everything he can to work
with veterans. He's a Navy seal retired to the three
deployments on our behalf each begs his god country team
on it, and ten percent of proceeds always go to
the Navy Seal Foundation. But dang it, I'm on subscription coffee.
If you're not, you better get on subscription coffee because
the shutdown is going to hit things like coffee in
the empty store shelves.
Speaker 2: So get ahead of this.
Speaker 1: Get over to Bonefrog Coffee dot Com, Sauce Todd, get
fifteen percent off subscription coffee, ten percent off your first purchase.
And if your first timer, first of all, what's wrong
with you?
Speaker 2: Who hurt you?
Speaker 1: And where point on the coffee doll? Yeah? I could
see that hurting. I'm sorry. I asked you should try
the sample six or four out samples of bone Frog
coffee Bonefog Coffee dot Com, says Todd. And if you're
not yet subscribing, again, same question, where did the coffee
man hurt you? Let's go to Bonefrog Coffee dot Com
and slash Todd get fifteen percent off subscription coffee. And
do you better stock up because you know what the
shipping thing this can shut this down. So Zach, his
direct threats were cars close. He didn't say consumer electronics,
but cars close, Oh, petroleum gasoline, I mean refine gasoline,
et cetera. What do you look at in terms of
a shipping shutdown as ways to get in and make
let's say.
Speaker 2: A vulture's profit off off of this.
Speaker 4: Well, one of the things that is looking interesting for
a variety of different reasons. Also because of what you've
got going on in the Middle East right now. There's
a lot of thought that in retaliation to what to
what I Ran did recently in Israel, is that the
Israels or the Israelis are going to strike back in
some capacity, and there's a lot of thought and speculation
that they're going to hit an area in Iran that
is basically their hub for oil exports, refining, all that
kind of stuff.
Speaker 3: Yep.
Speaker 4: If you you've got a scenario here where if these
things dovetail and happen at this you know, close to
each other, you could see oil rocket higher in a
very short period. When I say rocket, I don't mean
it's going to turn or bucks a barrel, but you know,
you could see oil pop back above ninety maybe even
one hundred, depending on the veracity or the intensity and
the damage done by an Israeli air strike. But you
copy that with a or you or you pair that
up with a strike, you know, you could have some
serious disruptions and oil supply. So I now, would you
go out there and buy a bunch of oil producing
companies not. I mean, I think if you're trying to
make the most bang for your buck, it'd probably be
buying oil and natural gas futures. The reason I say
nag gas is it's trading very cheap, and if and
if oil if there become, if there become complications or
issues in oil trans being oil or global transport of
oil through either one or both of these actions at
the same time, nag gas is what people will turn to,
right to some degree where it can be substituted for
oil and things like that, but probably betting on the
oil in that gas future is in the event that
something did those things occur, that's that's probably the way
you'd make the most money off it in the short term.
And to be true, and to be and to be clear,
I don't I don't think this would be a long
term issue. But yeah, I mean that that would be
the way to play it. And that's I mean, that's
kind of similar to where we're looking right now, just
because I think when you when you turn around and
you look at oil with all this being said, trading
at seventy dollars a barrel, it to me it's very,
very hard to make an argument that there's any risk
premium price in the oil here. So, yeah, that would
be probably the way that if if you were to say, hey,
let's bet on this one way or the other, what's
gonna give us the biggest potential win. Probably that.
Speaker 1: Okay, So I got to think that I got to
think that Harold Deggett knows, oh, with this nine hundred
grand a year, I gotta think he's got that all
laid out. This is the industries we're gonna hit. These
are the see, this is the problem with bottle knucks
of power.
Speaker 7: He could go to his men and say, hey, listen,
let the oil in, you know, let's let's let's have
the oil up front. But some of this other stuff,
like these consumer electronics, you know they need to you know,
let's cripple them. He could be saying to iPhones. He
could be saying to this stuff coming in the raw
materials for this. That's the problem with bottle knocks of power, right,
because it just invites that. And I'm betching Nancy Pelosi's
long refeniancy belongs. He's known this is coming forever. And
what you're saying makes sense about fuel, But like I
can control what comes into the country.
Speaker 4: Yeah, well, and like you said, this is what's problems
with bottlenecks of power because they always get abused. It's inevitable, right,
which is why you can't have bottlenecks. Everything has to
have alternatives, right if we believe And that was some
stealthy move there.
Speaker 1: I missed the fly though.
Speaker 4: Oh see, you got to you got to be quicker
on that rock. But but that's you know that, that's
where these issues stem from, is it. If you have
the capability to do this, it's an eventuality until somebody does.
It's it's like it's it's out forbid, right, Eventually, if
the benefit or the amount of money to be made
from this reaches a certain level, somebody's gonna pull that lever, right, right.
Speaker 1: I had this idea and I don't even know if
this is You're a dear friend, and so just tell
me if this is insane?
Speaker 2: So what if we.
Speaker 1: I know how to explain this, drilled our own oil here,
it's madness, and then refined it here, didn't ship it
around the world. Look, maybe even made the cars here
in the clothes, but okay, I.
Speaker 2: Yeah, I don't even know what you're concerned to having
a stroke.
Speaker 4: Yeah, it's gonna take some time.
Speaker 1: Right, you're pressing the stroke button on the emergency producer
thing hermit's having a stroke.
Speaker 2: Yeah.
Speaker 4: You know. The biggest issue you've got here. The production
here in the United States is adequate. It you know,
the Biden and Harris administration haven't made it any easier.
That being said, Uh, I think some of the talk
about them preventing what they say and what they do
is a little bit different. Okay, So so very unfriendly
language toward the industry. At the same time, they really
haven't passed anything that's too onerous, right, So it's not
I mean, us product soon is back up close to
her at all time highs. The real bottleneck here, and
it makes absolutely zero sense, is the lack of refining capacity. Okay,
so they make it virtue. I don't think you've had
a new refinery built here in the United States in
the last thirty or forty years. Don't quote me on that,
but it's somewhere close to that. That's the real bottleneck.
And it's just absolute absurdity, right, Like you're giving those
jobs away to somebody else, you're giving the money away
from somebody else that is generated through that. It increases
vulnerability to our system. It makes no sense. It's just
complete ridiculous. The other thing is, well, climate change, the
climate doesn't care whether you're refining oil here, whether you're
refining it overseas. It's complete nonsense, right, it's just political
dogma bs and so yeah, that makes no sense. But
this gets into your point. Here's the right, the perverse
interplays and the perverse incentives. You cannot convince me that
part of the reason that there have been no refineries
built in this country. And you look at the people
that stand behind that the most right politically we're not
going to build the new refiners that that feels pretty
good with with their support of the unions, right, meaning
meaning I don't do these things aren't done by accident, right,
and these are these are decisions and processes built to
optimize getting elected, not looks good for the country, right.
And that's that to me is what is so heartbreaking
right now, is because so many of our elected officials.
If you look at and this is my biggest problem
with the insider trading issue in Congress. How it's legal, right,
Why is it such a problem Because it perverts the
incentives you you have. You create all these new incentives
for people to get into public service for reasons that
are completely juxtaposed to public service.
Speaker 5: Right.
Speaker 1: It's just it's to serve the public in a negative way.
You done served, right, it's too not seek to be
not seek to serve, but to be served.
Speaker 4: Yeah, it's the opposite of public service. But but these
are the incentives that you've set up. And so it's
like Charlie Munger, Warren Buffet's old you know colleague who
passed away recently, God rest his soul. He used to say,
I don't need to see the outcomes. Just show me
the incentives. Show me the incentives, and I'll show you
what's going to happen. Ye, Right, So you know what
is the incentives for the union bosses to do. It's
to do this. It's to cripple us. It's to shut
us down. That's where they get the leverage. And then
you look at the rest of the economy, and it's
organized in such a way as to preserve that power
for them.
Speaker 2: Exactly, did you ever meet a real mobster?
Speaker 4: You know, I think so. It seems to me that
I did a reformed one, but yeah, I think so.
And I'm blanking right now.
Speaker 3: I know.
Speaker 2: I told you my Vegas story where I was just
about murdered.
Speaker 1: Yes, right, yes, right, And that was what's one of
my favorite stories, very scarious story. I used to work
with a company in Utah and they sold raw diamonds.
Really cool guys, unbelievably nice dudes, and they like to
pay cash. So they would tell me and my partner Rick,
I mean, he did the afiniteon sure, I did the
morning show that Hey, look, just keep track of the
ads you do for us, write it down. When you
want money, come and see us. All we ask is
you let us take you to lunch. And they would
bring wads, and so one time I'm like, man, I
haven't been to see these guys in a long time.
I hope this isn't too much money, and so I
called him, Hey, you know, I'm sorry've been lazy on this.
I mean, it's a lot I can't get it if
you can't pay it right away, it's like fifty five
hundred bucks and no problems.
Speaker 2: Have lunch.
Speaker 1: Let me tell you in a second how this went down,
because I'm not saying these guys are mobsters. In fact,
there was something else. I learned later what they were
and how they were able to act like they did,
because this was one of the great great stories. And
I want to get into what's coming at Starbucks, speaking
of getting served, what is about to unfold the star wrecks,
And then I want to talk to you about unions
on a personal level, if you've ever been pressured to
be in one.
Speaker 2: Or had to work around Unions'll talk about this in
a second. Was Zach Abraham.
Speaker 1: I've been trying just just occurred to me. I have
been trying to explain, and I'm going to get some
images and we'll run in the video. These stem cells.
They keep talking about how they work, and I finally just.
Speaker 2: Occurred to me. This bottlelck of power.
Speaker 1: Now we're talking about the ships and the ports and
this guy Dagget holding rule over these things getting in
there's this bottle like of power in the human body.
So you have the placenta that surrounds the baby. Obviously,
in biblical cord, we all know what these things are.
Those things are packed with these stem cells, and those
stem cells jobs are to get into the baby and
to do whatever the baby needs done to build baby.
So some of the stem cells build hearts, some build muscle,
some build brain, and that's what they do. Now, once
the baby's built, you don't need all the stem cells.
So that still packed with this incredible power. And here's
what Renewed Healthcare does is the team there, Steve James
and the Harvard certified surgeons. They work with women who
are having babies, and they pay for the entire birth process,
whether or not they use the stem cells. Now, why
wouldn't they use some of them, because they track the
health of the baby and the mother and they only
work with great health outcomes. Now, they still pay for
the birth even though it use the stem cells. They
then take those stem cells, they preserve them fanatically, and
then they take them to Mexico and in their lab
they culture stem cells. So they're growing stem cells from
stem cells. What they then do is take all that
power and they use it in your body. So you
might be being told you have to have spinal surgery.
That might not be true. The stem cells could go
in and rebuild muscle and tendon and cartilage and destroy inflammation.
You might be being told you have to have your
arm cut open and your tendon tunnel scraped because of
carpal tunnel. Again, that might not be true. You might
have a horrible neurological condition. I know of a woman
who got hit by a car and thrown about fifteen
feet and they.
Speaker 2: Were able to help her.
Speaker 1: Okay, So it's not not the same thing that's done
in America, which is your own stem cells. They don't
have that power. And at no time did they work
with anything related to abortion, not ever, not once. These
strain of stem cells I use have never touched the
MR and injections. That's because these stem cells were cultured
before those injections existed. Find out if they can help
you STA out of pain, STATA surgery. Good to renew
r e nue dot Healthcare, renew dot Healthcare, Elevate your
quality of Life r e n u e dot Healthcare.
So Zach I was telling you about this company I
worked within Utah two really really good guys, Bob and Care,
and one day we're We go to lunch and I
call him and say, hey, that's like five five hundred bucks. Okay,
no problem. And I don't remember what Rick had. Brick
had like three grand. So all in these guys are
bringing eight thousand, five hundred bucks. I go, well, when
do you want to go to lunch, like, you know tomorrow.
We need to get by the bank. No, you can
come by now, sweet. So we drive up and they
just pop right out of their office. And they were very,
by the way, very ethical diamond people. They wouldn't let
you buy in the first time he came in. They'd
show you how diamonds work. Here's the color chart, here's
the clarity chart. Go shopping and then come back if
you want to use us. Right, it's totally ethical. We
go to lunch and a guy comes over and goes, hey,
you're that Todd Herman and you're that Rick Taylor and
Bob and Keith are sitting there. Yeah, yeah, hey, nice
to meet you. Oh no, I'm not a fan. I
hate you guys.
Speaker 2: You guys are ruining this state, your perverts, your no
and he's just.
Speaker 1: All over us, and Bob said, you know, Bublake. He goes, hey,
pardon me. You know what we're having lunch, this business conversation.
Can excuse use us? And he's doing I'm doing chomping gun?
Can you excuse us? No, I'll never get to see
these guys f you. I wish you hadn't have said that.
I really wish you wouldn't have said that. Now I'm
gonna tell you to leave. I'm not leaving. So Bob
and Keith both stand up and open their jackets, and
both of them have long rifles, so the semi auto
variety that hide really nice and easy on each hip,
and both indicate that they're there. We're gonna ask again
to leave nicely. The guy puts his hands up and
walks out, and just for good measure, Bob follows.
Speaker 2: The guy out, swear to make sure you made it
to your car. I'll just be here making sure you
drive away.
Speaker 1: Wents back. He says, okay, guys, sorry, and he wrote, gosh,
you know, let me pay you. And he rolls out
these wads of money and rolled into the bench the
gangster role, and he says to me, you get to
count it.
Speaker 4: I go.
Speaker 1: I don't kept money from guys who carry machine guns.
Trust guys, you care machine guys. I found out later
that they were masad, that they that's what they did
before they got into the diamond business and moved over here,
that they went through that training. So I'm not saying
they're mobsters. But when you confront someone like that, or
you see them confront here's the thing I've noticed about them.
Their blood pressure doesn't go up. They don't show any
sign of emotion. No, it's just hey, I'm gonna I'm
gonna ask you to leave, and I'm not even the
least a bit worried about what you're gonna do.
Speaker 2: Nuts.
Speaker 4: I'm offering you a free out here.
Speaker 2: Right right, It's a coupon. It's like, yeah, yeah, that's
the free door.
Speaker 4: And if you don't, won't be the first time. Yeah,
for your sake, I hope.
Speaker 1: Yeah, it'd be a good thing for you to make
a good, wise decision right now. So Starbucks has five
hundred locations that have voted to unionize. Oh, this here,
this here is gonna be fun. What do you predict
on this.
Speaker 4: Well, I mean I predicted I don't think those shops
will be opened very long, and I would predict that
they shut them down. And I and and if you
want to point to the problems with unions, this would
be it because effectively, if you look at it, if
you look at a business model like Starbucks, it's not
viable with unions. It's just it is. It would be
too big of a competitive disadvantage to anybody that wanted
to compete against them. The costs would have to get
baked into every single thing they do. I'm sure I'm
not telling any of your listeners something they don't know,
but it ain't like Starbucks is sensible financially already, right,
I mean like it's so's you know, it's going to
be a disaster. The funny thing I think about, though,
is the management of Starbucks. Starbucks has lauded itself and
held itself up as being very woke. It it amazes
me how often these people are all for and it
really is a trend you see in the liberal especially
the woke mindset is that I'm all for this until
it steps on my toes.
Speaker 2: Yep.
Speaker 4: Right, there's an unbelievable hypocrisy built into the underlying part
of it. You even saw it in the vaccine thing, right.
Look at so many of the like you look at
the proponents. Most of them were women that were like
the first anti vaxers, right, that were anti vaccines, calling
that out even prior to COVID. Right. Those women by
and large were liberal women, right. They were granola.
Speaker 2: Types yep, right.
Speaker 4: And then all of a sudden, you're fighting for personal liberty
because you do feel of being infringed on all and
you look at them and go, Okay, this is a
classic example of what we're talking about about government having
too much power. I agree with you, a government shouldn't
be able to tell you what you put into your body,
what medicines you take. But this is why I don't
agree with your politics ri at large, right, Because what
you're doing is you're building an apparatus that will step
on your toes. It's just a matter of time. And
as long as they're not stepping on your toes, then
you're cheering them off. Right. So really you're building the
you're building up a machine of your own downfall, and
that downfall is purely based on inevitability, meaning it's only
a matter of time until that steps on you.
Speaker 1: Oh, let me give you the redneck version of this.
This is the total redneck version of this. We were
out at the speedway one year and this guy, I
don't know what went wrong. It's something to.
Speaker 2: Do with his wife.
Speaker 1: I was probably thirteen or fourteen, and someone said something
about his wife or did something to his wife, or
his wife did something with someone, and this guy just
got physically lit and he was hot, taking off the shirts,
ready to throw down, and all sorts of dudes are
surrounding and watching this, and some guy gets in and
again I don't know the relationship.
Speaker 2: I do know that people are cheered.
Speaker 1: And this guy steps in and he is just truants
in like three punches and then everyone goes quiet.
Speaker 2: But it's still cool. It's still cool.
Speaker 1: Until this guy, like the combatant, looks at everyone else
and goes, what the hell are you looking at and
goes at another guy. Then this guy's quite no, no,
like I didn't guy all of a sudden, now, hey
this isn't cool.
Speaker 2: Well you thought it was cool.
Speaker 1: And I remember as the thirteen or fourteen year old
kid going no, but wait a minute, you just thought
that was really cool.
Speaker 2: I saw you right, like, okay'll go take him down,
look at the porch.
Speaker 1: And then this like drunk outrage. I don't know, dysfunctioned
in his anger, dude turns it on him. This goes
right back to the Ostrich scenario. Guys, if you can't
see that a predator running your union, you think he's
not gonna turn on you. Do you remember Andy? Oh gosh,
I'm gonna forget his last name. He was the head
of the SEIU. I want to say, Andy Stern, I
do know this. He retired with sixty four million dollars
the head of a unit. And these are people who
are maids and hospitality workers. Largely people clean hotel rooms
and maintenance workers, and hotel rooms was their big base.
People do home healthcare service and Polley Unions International. I gush,
I wish I could remember, but I remember we ran
ads at the RNC about sixty four million bucks and
we got to take some union members once to Detroit,
and I wish dang these people they wouldn't release this video.
They refused it was gold in Detroit. Have you ever
heard about card rooms in Detroit?
Speaker 4: Yeah?
Speaker 1: Okay, So for people who don't know this, there was
a rule that the unions negotiated in to Detroit. If
you if your line of car was not being produced
in sufficient members that you couldn't be employed. You still
had to show up for quote work. But you'd go
to a card room and you check in on a
clock and you got paid I think eighty percent of
your wage to sit there. They didn't serve food, but
you could bring your own. They did serve coffee and
soft drinks. So we went by one of the card
rooms and offered to buy the guys lunch and several
rounds of golf. Cool So we took them out to
one of the golf courses that's owned by their union,
asked them to bring their union card, drove up to.
Speaker 2: The gate.
Speaker 1: And said, just try to play golf. Guys, get up
their union cards. This is only for union management. Dudes
are getting Okay, they got to I think a sweet deal.
I mean it's not a fun round sitting around playing cards.
Maybe this maybe like that eighty percent.
Speaker 2: They're looking what what?
Speaker 3: No?
Speaker 1: But were you call someone? I can't. You can't come in.
You have to be union management. That the RNC wouldn't
push that messaging out. If the predator is your friend
one day or mind you this, your house cat will
eat you in three days. Yeah, if you die the
first day, your cat's like, dang things, not feed me.
Second day is it's going to pee on you.
Speaker 2: You're taking up space at third days? Sweet sweet meat.
Speaker 4: Yeah. No, And and and the other thing is why
did he get paid sixty five million dollars because it
was worth it? Right, like meaning meaning he was scratching
the right backs and here like he's getting paid that
much money for me. People are like, well, it's coming
out of the pockets of the union, it is. But
what keeps him in power, what keeps him in power
of the political apparatus that benefit off of those union votes,
And that's why he made and that should be the
concerning thing. Right, people should go your incentive isn't serve us? Yeah, right,
your incentive it's too well, yeah, but what do you
mean you vote for? Yeah, but who do you vote for?
You vote for the politician to come for the guy
the politicians come in and tell you have to vote for, right,
because it's always a scare tackt you get rid of
this guy. Look what he's done for you. You know,
all this kind of and it's just once again it's
at the cost of the working man. It is.
Speaker 1: I want to ask you a question about starting over.
I saw this fascinating discussion with a guy and he's
he's a big personality, big money guy. He builds gyms
and his thing is, you know, taking gyms from nothing
to something. And he's great brand, huge video presence on YouTube.
And they did this thought experiment where you lost everything,
you lost your family, you lost your friends.
Speaker 2: He had to completely start over in life. What do
you do?
Speaker 1: And his answer was really compelling. I don't know that
I believe it is quite as simple as he put it,
because in ninety days he was earning fifty grand a month,
which I mean, okay, maybe that's possible. But I wanted
to ask you about start over stories and things where
you've seen where people do have to start over, because
I'm looking around the world and I'm seeing a lot
of people really really panicked.
Speaker 2: Right now Zach about well, gosh, if.
Speaker 1: Kamala Harris gets in, I'm going to be crushed, My
retirement's going to be crushed. What is it like to
start over? We'll talk about this with Zach Abraham a second.
My friend John did a bit of a start over.
I mean it was not I mean, he didn't start
life over, but he certainly started his career over. He'd
earned and built a ton of well earned a bunch
of money in digital marketing, and built a ton of respect.
I wish I had his permission to share with you
some of the campaigns he created. You would recognize them.
Many of them turned into TV campaigns, some of them
turned into like Super Bowl level ad campaigns.
Speaker 2: And it was off his skill.
Speaker 1: And then they had their second son, Alan, And now
imagine being in the doctor's office and you're looking at
an ultra sender of your son, and the doctor says, hey,
we got an idea.
Speaker 2: Why don't we go ahead.
Speaker 1: And snip his spinal cord for you, you know, and
kill him and vacuumhm out, or do a saline abortion
and just burn your baby to death. Well, so he
and his wife said no, let's not, and Alan was
allowed to be born. And yep, he has a lot
of structural health problems, eighteen surgeries. He's only thirteen years old.
He's nonverbal, largely through autism. So John struggled with what
am I going to do for my son. I don't
want my son in public assistance. I don't want my
son to be a creature of the state. He's a
brilliant kid. Just because he can't talk doesn't mean he's
not brilliant. What product would work? And he looked at
several he already landed on his soap, and here's why
you'll always need it. And none of the big soap
companies have any particular caring about you. All the soap
is sort of the same that comes out of China
or you know, slave labor. It's all kind of, you know,
chemical based. So John said, we're going to do this.
We're going to find a company that will mentor us
in this. And they found a family company. All they
do is make soap. They've done it for three generations.
He mandated that the soap is all natural because Alan's
skin can't stand anything else and it has to be
super gentle. And then Alan comes up with the fragrances.
And then John said this this company. Yeah, we're going
to make a profit, but we're gonna employ people like
my son. That was one person, nowther two and Nowther three.
So you have this decision to make. I'm offering you
a free out. Go to alansaps dot com slash todd
get tempercent off their products. They'll ship it to you.
You can subscribe so you never miss soap or continue
to serve the big companies. They don't particularly care about you.
It's alinsoaps, dot com slash Todd. So have you ever
seen a great, big, huge start over story? And have
you ever had to sit down? I mean, I know
you and your wife, I mean you guys had to
build Bulwark all those many decades ago, given what happened
to the financial market.
Speaker 2: You lived it.
Speaker 1: But have you seen people who just completely blown it
all and rebuilt it? And do you think there's a
process to that that people go through.
Speaker 4: Yeah? I have. I've seen it with a few clients.
I've seen it with a couple of different business people
that I know, some personally, some not so you know,
not so personally. Yeah, and there's a there is, there
is a process. But the funny thing is is that
what I've seen is it tends to be a condensed
process of what most of us know or what is
inherently known about business anyway, which is, you know, you
see a renewed focused on lower costs of overhead, you know.
Speaker 3: What I mean?
Speaker 4: Like just you you think all the mistakes that people
make in businesses and what you end up seeing is
you end up seeing, at least in my experience, and
I think it's one of the reasons that so many
people that go down that path end up being successful.
And I think that so many times we don't think
about the start over story. We think about it as
being the end success, right, meaning, oh, they got here
doing this, and you're like, well, yeah, but you're ignoring
the three disasters that they had prior to that. It's
almost always that way, right, And I think the reason
for that is you learn what not to do. And
I think a lot and I think, you know, most
of the time are in a lot of instances what
not to do is almost important than what you should do, meaning,
you know, there's so many there's so many ways you
stub your toes, there's so many ways that ego gets
to control of it, and you start making decisions based
on ego or other motivations, and you know, and those
are always going to lead you astray, obviously, you know,
because the business and the balance sheet don't care about
your ego, right. But the one thing I see is
a renewed focus, a flexibility, a lack of caring about
what others think. And that's one of the nice things
about failure is that out of the ashes of failure,
you've already been laid low, right, and so so nobody's
looking up to you at that point anyway. So rebuilding
it and making it correct, you're able. You're able to
build it the right way without fear of being ostracized
or people looking down on you because you're you're you're
already you know, you're you're already in the ditch, right yep.
Speaker 1: I had a friend of mine and went through that
that that they they went bankrupt as as a married couple,
and so my friend like, look, I got to work,
you know, whatever it is, I got to work. And
he put EGO aside. He'd been a software guy, and
through the bankruptcy he kind of developed not a great
reputation because his business tanked and people are angry and
oh he wasn't a good manager. And I don't know
if he was a good manager or not. I know
he's a good talented software writer. But people weren't hiring him.
And there was a bunch of construction going on as
his neighborhood. So he lowered himself, went over to one
of the houses this being built, says, hey, I live
right there and went through a bad stretch. I need work,
Like I've got a good math mind. I understand how
to measure things. You know, I've never worked in construction. Well,
we don't need no math, but I do need some
people to keep our vehicles clean. And we also have
made an agreement with the HOA. The road's always got
to be clean. We got to keep the dust down.
I can pay for that. And my friend sat there
and got really perful about it, like I cannot believe
this dude wants me to spray off his trucks and
wash the street.
Speaker 2: You know why he did it? He looked back over
his shoulder and his kids were.
Speaker 1: Looking at the window.
Speaker 4: Yeah, yep, yep. So yeah, I went through something similar
where it always involves, and it did for me the
burning away of that ego. Right. It's one of the
things we say here at Bullwork is hey, boys, egos
are expensive, right, And And what I mean by that
is I want I've had similar stuff. We went through
a time where we were starting Bulwark right in the beginning,
and it wasn't pain enough, and so I took jobs
cleaning people's decks, you know, was it was? It pride swallowing. Yeah,
but it was an enjoyable pride swallowing. Meaning I got
to come home every single day and look my wife
and my children in the eyes and go. Dad did
everything he could, left no stone unturned.
Speaker 2: Yep.
Speaker 3: Right.
Speaker 4: And you want to build a real sense of self worth,
and you want to build real confidence, and you want
to see that confidence reflected in your spouse, in your
children's eyes. Let them see that nothing's too nothing's too small,
that you will do whatever it takes, it doesn't matter
what it is.
Speaker 1: That's what my friend did. And when he started with
the broom and sweeping the streets and keeping the streets clean,
he got to use a big, powerful hose off of
one of their trucks. And he goes home and his son.
Speaker 2: Says, Dad, that's the coolest hose they let you use.
That you get to use that.
Speaker 1: And here's actually how God worked through this thing is
one day he was talking to one of the general contractors,
just visiting, and the guys basically like, hey, can you
get this truck? And you know, and hey, by the way,
introduces himself and my friend introduces himself and he says,
you know, he got to the point of pointing out
where he lived. And the guy said, wait, you live here,
You're cleaning our trucks and you live in this neighborhood.
What do you actually do? And he told them, and
he said, let me ask a question. Could computers do
a better job of doing like my project management tracking
than how I do it? And he said, well, how
do you track your projects? And guy pulls out clipboards
of papers and handwritten gant charts and he looks at
that goes, yeah, actually there's off the shelf software that
would help with that. But I could write you something
custom for construction and your general contractor. I could build
a program where you're the people you contract with could
feed into it. They could complete their tasks. You could
track who's on time. I could tie it back into payments,
like if you are paying people based upon percentage of
completion this completion at this date. He goes, wait, you
know about percentage of completion. I'm just guessing you do that.
That's how I would do it. You could create that
for me.
Speaker 2: Yeah, so he did.
Speaker 1: And now my friend lives in Idaho in a five
thousand square foot home with a helicopter. There you go
and guess what's if you ever go visit him, Guess
what's in the lobby of this beautiful home overlooking Corland Lake.
Speaker 4: One of the brooms or the host.
Speaker 1: Push broom there you go, and the tip of the hose. Yeah,
the what would it be the thing that would blow
the water to produce the water? That the nozzle of
the hose and a push broom And everybody who's new
who comes over, you're looking at this gargantuan home, this
beautiful circular driveway, this view of the lake, and everybody
sees that, and everybody says, why on earth is that there?
Speaker 2: Well, let me tell you that broom built this house.
Speaker 4: Hey, that no man. That story gives me tingles, because
there's something when you're when you're laid low like that
and you're completely stripped of any of that pomp and circumstance,
and you just you can't put on a front anymore.
There is there is a beautiful simplicity that comes in
and you're able to see you you don't even realize
it prior to this, but you have so many preconceived
I'll do this, I won't do this. I don't want to.
When you're laid low like that, it's I got to
put you see so many more opportunities, and you realize
how much your own ego was holding you back, and
how much your pride was holding you back, and what
you won't do right, And then it becomes all about
what can I do right? And and it's it's when
you're looking through those lenses you just see possibilities everywhere.
You got nothing to lose, and so you roll the
dice and you go after it hard. And the other
thing is getting to that point where where you're where
you've been that humbled. There's something about it, man, where
God can work with that clay at that point, you.
Speaker 1: Know, right you guys, Hey the clays good and warm
and soft, yeah a little bits ready, yeah, right now
that we can get to work and do some things.
That's so good to hear you put it that way, brother,
Thank you. So it's good to have you on Wise
Counsel Day. Zach is available to Know Your Risk radio
dot com. And if I'd said no more, then I
have to pay that recorded announcement, that disclaimer. But he's available.
They're great ready show, great podcast, great man. Appreciate you,
my brother. Oh, I didn't hear back from zech. I
guess he doesn't appreciate me not I feel bad, I
feel lost, I feel Oh you muted him. Oh so
he could have been saying thank you, but you muted him.
Oh well, thanks Nihanna. All right, Lord, thank you for
reminding us not the lord or power over others. Thank
you for reminding us as well, to seek to serve
and not be served. This is the Todd Hermer Show.
Please go, be well, be strong, be kind, Please make
every effort to walk in the light of Christ.