1 00:00:00,120 --> 00:00:06,120 Speaker 1: The Communist uprising and your retirement. Zach Abraham joins, a 2 00:00:06,240 --> 00:00:09,039 chief investment officer of Bulwark Capital Management, will do this 3 00:00:09,199 --> 00:00:11,279 all courtesy of God Almighty. 4 00:00:13,519 --> 00:00:17,399 Speaker 2: But Todd Herman show is one percent disapproved by big 5 00:00:17,440 --> 00:00:25,199 pharma technocrats in tyrants everywhere from the high mountains of 6 00:00:25,359 --> 00:00:33,200 Free America. Here's the Emerald City exile, Todd Herman. 7 00:00:37,840 --> 00:00:40,240 Speaker 1: Today is the day the Lord has made in. These 8 00:00:40,280 --> 00:00:42,320 are the times to which God has decided we shall 9 00:00:42,359 --> 00:00:44,840 live in. Joining me now, my friend and brother, chief 10 00:00:44,880 --> 00:00:48,880 investment Officer Bulwark Capital Management, Zach Abraham. Zach will come 11 00:00:48,920 --> 00:00:49,799 back to the program. 12 00:00:50,759 --> 00:00:53,920 Speaker 3: Good to be back, man, especially on a day like today. 13 00:00:53,600 --> 00:00:56,119 I saw you on the schedule when I was looking 14 00:00:56,159 --> 00:00:59,359 at my calendar today and I thought, oh, I forgot 15 00:00:59,359 --> 00:01:01,759 we were going today, and I was like, perfect this, 16 00:01:02,079 --> 00:01:02,880 perfect timing. 17 00:01:02,920 --> 00:01:05,840 Speaker 4: I need to rehash this with my guy Todd here. 18 00:01:06,079 --> 00:01:10,000 Speaker 1: Yeah, and man, last night, I wasn't hopeful for these elections. 19 00:01:10,640 --> 00:01:13,840 But listen to Mondami here. This is why he says 20 00:01:13,840 --> 00:01:16,719 he won. His speech was angry, it was vitriotic. Even 21 00:01:16,799 --> 00:01:19,959 Van Jones says this. But Zach listened to his brief explanation. 22 00:01:20,040 --> 00:01:23,480 Everyone and see if there's anything missing. He describes groups 23 00:01:23,480 --> 00:01:25,680 of people, but tell me if there's something missing in 24 00:01:25,719 --> 00:01:27,000 the groups of people he describes. 25 00:01:30,760 --> 00:01:34,640 Speaker 5: Thank you to those so often forgotten by the politics 26 00:01:34,640 --> 00:01:36,079 of our city who. 27 00:01:36,000 --> 00:01:37,640 Speaker 1: Made this movement their own. 28 00:01:39,120 --> 00:01:47,000 Speaker 5: I speak of Yemeny bodega owners and Mexican abuelas, Senegalese 29 00:01:47,040 --> 00:01:54,000 taxi drivers, and who's beck nurses, Trinidadian line coach and 30 00:01:54,040 --> 00:01:55,280 Ethiopian aunties. 31 00:01:58,640 --> 00:02:02,120 Speaker 1: Yes, aunties. So that's an inside joke there, because he 32 00:02:02,239 --> 00:02:04,400 pretended that his aunt was afraid to wear the his 33 00:02:04,599 --> 00:02:06,319 job in New York, even though she never lived in 34 00:02:06,319 --> 00:02:09,719 New York, didn't or his job. What's missing is description 35 00:02:09,840 --> 00:02:11,560 of these people and their nationalities. 36 00:02:12,080 --> 00:02:14,360 Speaker 4: Americans same. 37 00:02:16,680 --> 00:02:20,120 Speaker 3: Here, and here's the This is so scary to me 38 00:02:21,000 --> 00:02:24,479 because it is so odd to see people. 39 00:02:24,360 --> 00:02:26,919 Speaker 4: Treat this like moral morality and virtue. 40 00:02:27,240 --> 00:02:30,439 Speaker 3: Where you go, guys, the inscription on our coin is 41 00:02:30,520 --> 00:02:33,319 e pluribus union out of many one, not out of 42 00:02:33,360 --> 00:02:39,639 one many. When you start dividing up a constituency into 43 00:02:39,879 --> 00:02:44,319 original native land groups, you destroy a civilization. 44 00:02:45,039 --> 00:02:48,759 Speaker 4: You destroy it, you nuke the culture. It is gone. 45 00:02:48,919 --> 00:02:53,879 Speaker 3: Because that's what everybody is missed about America. The reason 46 00:02:54,000 --> 00:02:58,680 immigration doesn't work right now is the reason you have 47 00:02:58,800 --> 00:03:02,439 a magnet for the exact wrong people. People are coming 48 00:03:02,479 --> 00:03:05,400 for handouts, not for freedom and opportunity. 49 00:03:05,800 --> 00:03:09,000 Speaker 4: Right. So the reason here's the other thing too. 50 00:03:09,039 --> 00:03:11,360 Speaker 3: I'd sit there and say, hey, if you guys want 51 00:03:11,400 --> 00:03:13,319 open borders, you. 52 00:03:13,240 --> 00:03:16,240 Speaker 4: Could convince me. All you do. 53 00:03:15,800 --> 00:03:20,759 Speaker 3: You gotta drastically increase criminal penalties for people that are 54 00:03:20,840 --> 00:03:24,000 here illegally and automatic deportations if they get caught. 55 00:03:24,400 --> 00:03:24,599 Speaker 2: Right. 56 00:03:24,879 --> 00:03:27,360 Speaker 3: But you can have your open borders if you don't 57 00:03:27,360 --> 00:03:29,800 have any social programs. 58 00:03:29,639 --> 00:03:30,319 Speaker 2: Right yep. 59 00:03:31,400 --> 00:03:32,599 Speaker 4: Because then. 60 00:03:34,000 --> 00:03:37,280 Speaker 3: When they talk about yesteryear and people coming through Ellis Island, 61 00:03:38,000 --> 00:03:40,240 the only people that came here were people looking for 62 00:03:40,240 --> 00:03:40,840 a fair shape. 63 00:03:40,840 --> 00:03:44,199 Speaker 4: That's it, yep, right, So you have this filter. 64 00:03:44,840 --> 00:03:45,000 Speaker 2: Right. 65 00:03:45,080 --> 00:03:48,639 Speaker 3: We didn't get people's bumps, we didn't get people's ne'er 66 00:03:48,680 --> 00:03:53,039 do wells. We got people's people that were oppressed, and 67 00:03:53,120 --> 00:03:57,199 that all they wanted, no guarantee of outcome. They just 68 00:03:57,280 --> 00:04:00,360 wanted freedom of opportunity. That's all they were looking for, right, 69 00:04:00,719 --> 00:04:05,000 And so that was the unifying characteristic. Whether you were 70 00:04:05,000 --> 00:04:09,319 from Uzbekistan, Czechoslovakia, China, Singapore. 71 00:04:08,879 --> 00:04:11,680 Speaker 4: Or whatever, you were all here for the same reasons. 72 00:04:12,039 --> 00:04:16,959 Speaker 3: Yeah, And now that's not the case and you sit there, no, no, no, 73 00:04:17,360 --> 00:04:20,279 what about Americans? Out of many one? What are you 74 00:04:20,399 --> 00:04:23,319 talking about? He is He's a classic example. And I 75 00:04:23,319 --> 00:04:25,639 don't think this is hyperbolic at all. He's the classic 76 00:04:25,720 --> 00:04:29,319 example of the enemy within. And I think it's insanity 77 00:04:29,360 --> 00:04:30,120 not to recognize that. 78 00:04:30,319 --> 00:04:32,600 Speaker 1: I totally agreed he was funded from outside the country 79 00:04:32,639 --> 00:04:35,079 at Zorro's funding him, his mom funding him, others. That 80 00:04:35,199 --> 00:04:37,240 used to be illegal, And it used to be a 81 00:04:37,240 --> 00:04:40,879 controversy when we said African American or Chinese American or 82 00:04:40,879 --> 00:04:44,279 Italian American. I remember articles what about the hyphen in American? 83 00:04:44,480 --> 00:04:48,759 Now the hyphen's gone, So a nation's within nations, you know. 84 00:04:48,920 --> 00:04:50,839 And there's a football metaphor to this I want to 85 00:04:50,839 --> 00:04:52,519 share with you because I think it's an important one. 86 00:04:52,680 --> 00:04:55,279 Then I want to talk about some voting blocks. It's 87 00:04:55,279 --> 00:04:57,639 interesting the further back you get from retirement, the more 88 00:04:57,759 --> 00:05:00,920 likely you are to vote for the guy and one gender. 89 00:05:01,360 --> 00:05:05,519 I'm sorry, what I did it again? I'm sorry, Zach 90 00:05:05,519 --> 00:05:08,720 are attorneys here? Okay, one of the sixty four genders. 91 00:05:08,759 --> 00:05:11,399 I apologize, Zach, And I don't hope I didn't misgender you. 92 00:05:11,439 --> 00:05:11,600 Speaker 2: Are you? 93 00:05:11,600 --> 00:05:12,000 Speaker 1: Okay? 94 00:05:12,439 --> 00:05:13,399 Speaker 4: That's like seventy eight. 95 00:05:13,439 --> 00:05:15,000 Speaker 1: Now I'm sorry seventy eight. 96 00:05:15,040 --> 00:05:15,680 Speaker 4: I'm fired up. 97 00:05:17,360 --> 00:05:19,680 Speaker 1: Okay, So I'm going to make a football metaphor here 98 00:05:19,720 --> 00:05:21,560 in a second, because you just reminded me of something. 99 00:05:21,959 --> 00:05:25,519 In our country. You can go into a surgeon and 100 00:05:25,560 --> 00:05:27,759 the surgeon can look at you and say back surgery 101 00:05:27,959 --> 00:05:30,439 is the way, and they're probably going to say no. 102 00:05:30,600 --> 00:05:34,000 By the way, in about fifteen percent of cases, you're 103 00:05:34,040 --> 00:05:36,120 going to end up with follow up surgeries for a 104 00:05:36,120 --> 00:05:38,199 condition like this. In a condition like this, it might 105 00:05:38,240 --> 00:05:40,879 be more and you're probably not likely to get a 106 00:05:40,879 --> 00:05:44,560 surgeon saying well, you could, in fact try something before 107 00:05:45,399 --> 00:05:48,759 you have full new repelacement surgery, Say if you're lacking cartilage. 108 00:05:49,360 --> 00:05:51,800 This is very very common in people my age and 109 00:05:51,839 --> 00:05:53,800 sometimes people younger if they've done a lot of sports. 110 00:05:54,240 --> 00:05:57,560 Renew dot Healthcare can look at your MRIs now and 111 00:05:57,560 --> 00:05:59,360 they can give you a second opinion and you can 112 00:05:59,399 --> 00:06:02,480 balance this out. You have your doctor, your surgeon who's 113 00:06:02,519 --> 00:06:05,360 part of the insurance company Farmer roll up, and you 114 00:06:05,439 --> 00:06:08,680 have completely independent renew They can look at your knee, 115 00:06:08,720 --> 00:06:10,480 your back, they can look at your shoulder and they 116 00:06:10,480 --> 00:06:13,639 can say there's enough cartilage or there's enough intact tissue. 117 00:06:13,879 --> 00:06:16,000 Then an injection of the world class stem cells that 118 00:06:16,040 --> 00:06:19,959 come from donor cells from umbilical cords. Only the Wharton's 119 00:06:20,120 --> 00:06:23,720 jelly portion. Only only the twenty percent of the cells 120 00:06:23,759 --> 00:06:27,680 they accept, because they reject eighty percent, the exact opposite 121 00:06:27,720 --> 00:06:31,360 of the junk in America. An injection of that time 122 00:06:31,360 --> 00:06:34,240 of the hyperbred chambers and some ivs. You could avoid 123 00:06:34,279 --> 00:06:37,480 surgery all together and be back doing what you love. 124 00:06:37,600 --> 00:06:40,240 Maybe that's just moving around. Go to renew r E 125 00:06:40,360 --> 00:06:42,639 nue dot Healthcare. They'll tell you if they can help 126 00:06:42,680 --> 00:06:44,279 you or not. Please tell them you're part of the 127 00:06:44,279 --> 00:06:47,240 Todd Hermannshaw Family. Renew r E n u E dot Healthcare. 128 00:06:47,560 --> 00:06:51,560 Do you remember when, oh gosh, I remember, I'm forgetting 129 00:06:51,560 --> 00:06:53,399 the name of the quarterback that took the Green Bay 130 00:06:53,439 --> 00:06:57,000 Packers back to the Super Bowl far Brett Farm. Do 131 00:06:57,079 --> 00:06:59,720 you remember when they decided to build a Super Bowl 132 00:06:59,759 --> 00:07:02,399 call team and there was a guy named Reggie White. 133 00:07:02,480 --> 00:07:03,439 Do you remember Reggie? 134 00:07:03,879 --> 00:07:04,079 Speaker 2: Yeah? 135 00:07:04,079 --> 00:07:04,920 Speaker 4: I came from the Eagles. 136 00:07:05,000 --> 00:07:09,800 Speaker 1: Yeah, defensive lineman. He was loved in the in the NFL. 137 00:07:10,160 --> 00:07:13,240 Everybody loved Reggie. People who competed against him, they loved them. 138 00:07:13,480 --> 00:07:16,199 People played with them. He and got together and said, 139 00:07:16,199 --> 00:07:19,000 we're building a super Bowl quality team. Farv took a 140 00:07:19,040 --> 00:07:21,399 pay cut. I'll never forget this, because he wanted to 141 00:07:21,399 --> 00:07:23,600 win a Super Bowl, so he takes a pay cut 142 00:07:23,639 --> 00:07:26,600 to get better offensive linemen. And Reggie White went there 143 00:07:26,759 --> 00:07:29,160 because he could. He was, you know, towards the highlights, 144 00:07:29,279 --> 00:07:32,399 the ends of his career, but still great master. They 145 00:07:32,439 --> 00:07:35,360 created this team and suddenly you had players from around 146 00:07:35,399 --> 00:07:37,480 the league going, I'm going to Green Bay. I got 147 00:07:37,519 --> 00:07:39,360 to get to Green Bay. And it's because they wanted 148 00:07:39,399 --> 00:07:41,720 to win a super Bowl. It's the inverse of our 149 00:07:41,759 --> 00:07:45,439 immigration system. And look what happened. They won a Super Bowl. 150 00:07:45,800 --> 00:07:49,600 They became a dominant team. This is the history of America. 151 00:07:49,680 --> 00:07:53,319 We built a system that worked. People said, I want 152 00:07:53,360 --> 00:07:56,920 to be part of that system. It was pursuit of happiness, 153 00:07:56,959 --> 00:08:01,319 not guarantee of outcome, life liberty, pursuit of happiness. It 154 00:08:01,399 --> 00:08:04,399 was getting government out of the way when we brought 155 00:08:04,480 --> 00:08:08,040 people in by choice, not through slavery. And even after slavery, 156 00:08:08,160 --> 00:08:12,160 look what happened. They succeeded for the most part. So 157 00:08:12,199 --> 00:08:13,920 what you've said of turning the door around this, do 158 00:08:13,920 --> 00:08:16,120 you remember when this happens, who actually made this happen 159 00:08:16,160 --> 00:08:17,600 on me. So first of all, with the football thing 160 00:08:17,639 --> 00:08:19,000 spot on, like your football coach. 161 00:08:19,519 --> 00:08:21,680 Speaker 3: Yeah yeah, yeah, no, no, I mean yes, I mean it 162 00:08:21,759 --> 00:08:23,800 red he I wouldn't say it was at the end 163 00:08:23,839 --> 00:08:25,079 of his career. I mean he was at the height 164 00:08:25,120 --> 00:08:27,040 of his powers. Man, the Minister of defense. He was, 165 00:08:27,160 --> 00:08:27,720 he was the guy. 166 00:08:27,839 --> 00:08:29,360 Speaker 1: Was he that he was that good at that time? 167 00:08:29,639 --> 00:08:32,240 Speaker 4: Oh yeah, because he could play up and down the line. 168 00:08:32,240 --> 00:08:33,320 I mean he could play anywhere. 169 00:08:33,360 --> 00:08:35,679 Speaker 3: In the end, he had this he had this power 170 00:08:35,720 --> 00:08:40,320 move where he would he would uh, he would fake 171 00:08:40,399 --> 00:08:43,360 outside and then use his left hand as a club 172 00:08:43,720 --> 00:08:46,399 and he would like with one hand, would knock over 173 00:08:46,480 --> 00:08:48,200 three hundred and twenty pounds offensive lineman. 174 00:08:48,279 --> 00:08:51,039 Speaker 4: Yes, and you just sit there and you're like, you know, 175 00:08:51,200 --> 00:08:55,519 just unbelieve. Yeah. The guy's andy was Nordain minister, that's right. 176 00:08:56,240 --> 00:08:59,080 Speaker 1: Yeah, So that added I think Sanna's humility. You know what, 177 00:08:59,159 --> 00:09:01,240 let's take a little bit at for less money all 178 00:09:01,279 --> 00:09:03,759 of us, let's build a fantastic team. I remember that 179 00:09:03,799 --> 00:09:06,360 move that they tried to teach, that move, the Reggie 180 00:09:06,360 --> 00:09:07,159 White club move. 181 00:09:07,679 --> 00:09:08,679 Speaker 4: Nobody could do it. 182 00:09:08,799 --> 00:09:12,360 Speaker 1: No, no, not like he did it. So that's the 183 00:09:12,399 --> 00:09:15,919 inverse do you remember when who in the Democrat Party 184 00:09:16,159 --> 00:09:20,440 made this decision to change our immigration philosophy. I don't 185 00:09:20,519 --> 00:09:23,360 not specifically, Yeah, Teddy Kennedy. 186 00:09:24,240 --> 00:09:26,279 Speaker 4: Oh yeah, yeah, yeah, the lion of the Senate. 187 00:09:26,600 --> 00:09:30,840 Speaker 1: Right, So he decided to change the philosophy of American 188 00:09:30,879 --> 00:09:35,360 immigration from people seeking to pursue to have life, to 189 00:09:35,440 --> 00:09:41,240 pursue liberty, to people who wanted handouts, to people who 190 00:09:41,279 --> 00:09:43,879 needed to be rescued. And not just because we're taking 191 00:09:43,879 --> 00:09:47,519 some refugees. Okay, we're five percent of the world's population. 192 00:09:47,559 --> 00:09:50,440 We've taken in twenty percent of the displaced peoples. Teddy 193 00:09:50,559 --> 00:09:54,679 Kennedy decided to do this and bring in this massive 194 00:09:54,799 --> 00:09:58,320 change immigration. And can do you think there's a way 195 00:09:58,320 --> 00:10:00,679 out of this now? Like, I mean, you're numbers guy. 196 00:10:00,840 --> 00:10:01,840 You think there's a way out of this? 197 00:10:03,720 --> 00:10:05,279 Speaker 4: It's getting sticky? 198 00:10:05,240 --> 00:10:10,480 Speaker 3: Yeah, I honestly think you and I were having a 199 00:10:10,480 --> 00:10:16,360 conversation offline, and and well, I would ask that people 200 00:10:16,360 --> 00:10:18,440 please listen to what I say, because in no way 201 00:10:18,440 --> 00:10:21,399 am I waving the white flag. But we were talking 202 00:10:21,399 --> 00:10:24,159 about the frog and water cognitive dissonance, and I do, 203 00:10:24,480 --> 00:10:27,399 I do think you're at a place where in places 204 00:10:27,480 --> 00:10:31,159 like California and in places like New York. I think 205 00:10:31,279 --> 00:10:34,799 pushing back against this stuff right now is feudal. I 206 00:10:34,840 --> 00:10:39,720 think the only way we win this is by I think, 207 00:10:39,759 --> 00:10:41,840 in a weird way, it might be a really good 208 00:10:41,840 --> 00:10:44,879 thing that he won that election last night, mom Dommy specifically, 209 00:10:45,360 --> 00:10:50,639 I think that it highly increases the likelihood that the 210 00:10:50,679 --> 00:10:56,080 governor they elect is Republican, because you know, I know 211 00:10:56,120 --> 00:10:59,440 this will come as a big surprise, but the more 212 00:10:59,480 --> 00:11:01,240 mom dom Me is able. 213 00:11:00,960 --> 00:11:04,480 Speaker 4: To put his policies in place, it. 214 00:11:05,679 --> 00:11:09,080 Speaker 3: Will it will show itself for what it is really quickly, right, 215 00:11:10,080 --> 00:11:12,039 and it's not going to take long. The other thing 216 00:11:12,080 --> 00:11:13,440 is that you're going to see it. You're going to 217 00:11:13,480 --> 00:11:15,840 see it. It'll be interesting to see what the final 218 00:11:15,919 --> 00:11:18,080 toll is. You're going to see an exit of wealth 219 00:11:18,080 --> 00:11:19,000 out of there big time. 220 00:11:20,080 --> 00:11:22,679 Speaker 1: Do you think this is a FATA company? I saw 221 00:11:22,679 --> 00:11:24,720 you put on Twitter. You think the PJS is all 222 00:11:24,759 --> 00:11:27,120 in the PJ class, You guys with private jets. You 223 00:11:27,120 --> 00:11:27,879 call him PJS. 224 00:11:29,120 --> 00:11:31,679 Speaker 3: I do, yeah, yeah, yeah, yeah, that's the inside terminal, 225 00:11:31,759 --> 00:11:33,879 right right, right, you got to be part of the club. 226 00:11:34,120 --> 00:11:37,799 Speaker 4: To be part of the club. Uh so, And I am. 227 00:11:38,120 --> 00:11:45,840 Speaker 3: Entirely joking, you know, so, I do think that, and 228 00:11:45,919 --> 00:11:49,600 I think a lot of them will do it because 229 00:11:50,440 --> 00:11:52,879 you know, pardon my expression, but kind of f you 230 00:11:53,159 --> 00:11:55,639 that's why, right. I think that there are a lot 231 00:11:55,639 --> 00:12:00,919 of wealthy people in New York that are very politically 232 00:12:01,600 --> 00:12:04,120 and they see this as the lunacy that it is 233 00:12:04,840 --> 00:12:08,279 and are willing to sacrifice living where they want to 234 00:12:08,320 --> 00:12:10,600 live for a few years to make a point. 235 00:12:10,679 --> 00:12:11,240 Speaker 2: That is. 236 00:12:11,639 --> 00:12:15,840 Speaker 3: That is my belief, having talked to people there, having 237 00:12:15,879 --> 00:12:18,320 heard a lot of people, you know, in my business 238 00:12:18,399 --> 00:12:20,639 industry discuss what they're going to do. 239 00:12:21,039 --> 00:12:23,840 Speaker 4: A lot of them won't divest themselves of their assets 240 00:12:23,919 --> 00:12:26,360 or their or their houses there. What they will do 241 00:12:26,440 --> 00:12:28,480 is they will just stay out of New York for 242 00:12:28,559 --> 00:12:30,399 the requisite amount of time, do not have to pay 243 00:12:30,440 --> 00:12:31,159 tax in the city. 244 00:12:32,519 --> 00:12:35,879 Speaker 1: Yeah, so they live in Florida for the number of days, 245 00:12:35,879 --> 00:12:38,639 which is what half a year plus a day. 246 00:12:39,399 --> 00:12:40,600 Speaker 4: Yeah, I believe that's the case. 247 00:12:40,679 --> 00:12:42,120 Speaker 3: Yeah, and then you can't be there for more than 248 00:12:42,159 --> 00:12:44,679 two weeks at a time because then you start, you know, 249 00:12:44,759 --> 00:12:46,320 so you got to check in and check out. I 250 00:12:46,360 --> 00:12:47,559 think a lot of them are going to do that. 251 00:12:47,639 --> 00:12:48,120 I think a lot. 252 00:12:48,240 --> 00:12:49,759 Speaker 4: I don't think I know a lot of them already 253 00:12:49,759 --> 00:12:53,039 had and I think this is going to flush up. 254 00:12:53,159 --> 00:12:55,559 Speaker 3: Like I said, I think I think this one will 255 00:12:55,600 --> 00:13:00,759 precipitate more of that, because it's not so much as 256 00:13:00,840 --> 00:13:03,320 decision at this point. I think for a lot of people, 257 00:13:03,360 --> 00:13:05,440 even the people that consider themselves on the left, and 258 00:13:05,440 --> 00:13:07,360 I've heard several of them say that where they're. 259 00:13:07,200 --> 00:13:10,200 Speaker 4: Like no, no, no, no, no, there's a bridge too far right. 260 00:13:10,279 --> 00:13:14,519 Speaker 3: Even Clinton didn't support him for per office. Yeah, so 261 00:13:15,799 --> 00:13:17,960 you know, I think that they're going to lose a 262 00:13:18,000 --> 00:13:20,720 big amount of their tax revenue. I think they're going 263 00:13:20,759 --> 00:13:24,639 to be in big trouble financially really quickly. I would 264 00:13:24,679 --> 00:13:26,759 expect if he follows through with what he says, I'd 265 00:13:26,759 --> 00:13:28,639 expect the city to turn into total chaos. 266 00:13:29,200 --> 00:13:31,799 Speaker 1: And this is what the London model, which has happened 267 00:13:31,799 --> 00:13:33,799 in London, and people say, Okay, you're gonna make this 268 00:13:33,879 --> 00:13:36,039 like London. Now, I agree with you in some ways. 269 00:13:36,039 --> 00:13:38,240 It's bepposed to get out of the way. You know. 270 00:13:38,360 --> 00:13:41,399 It's the stupid easy metaphor is you come home and 271 00:13:41,440 --> 00:13:44,559 your teenage son don broke into the whiskey cabinet, had 272 00:13:44,559 --> 00:13:47,080 a couple of shots of whiskey. You like you like that? Well, 273 00:13:47,159 --> 00:13:48,919 it's gets just true having a Yeah, let's let's just 274 00:13:49,320 --> 00:13:50,559 seach you a couple more. I mean, don't give your 275 00:13:50,600 --> 00:13:52,759 kid alcohol poison, but I'll take a couple more shots. 276 00:13:52,759 --> 00:13:54,639 And when you see him start to get woozy, now, 277 00:13:54,840 --> 00:13:57,960 just just one last one, son, right, Yes, and I 278 00:13:57,960 --> 00:14:01,120 spoke some stogies too, and look and you're there, and 279 00:14:01,200 --> 00:14:03,080 there's something to make sure he doesn't, you know, die 280 00:14:03,159 --> 00:14:04,840 and choke on his vomit and do a bellution and 281 00:14:04,879 --> 00:14:07,679 all that. But it is a way to let them 282 00:14:07,720 --> 00:14:11,320 have this, did you know DOMI said he'll use the 283 00:14:11,360 --> 00:14:14,440 long arm tax if people do that. That he thinks 284 00:14:14,440 --> 00:14:16,799 he can reach into Ford and take moneies even if 285 00:14:16,799 --> 00:14:21,159 they're not living there. And he can't. Well he'll try it, Oh, 286 00:14:21,200 --> 00:14:21,600 I'm sure he. 287 00:14:21,600 --> 00:14:23,480 Speaker 4: Will, but it'll get struck down. I mean he can't. 288 00:14:23,519 --> 00:14:25,679 He can't. He can't impose that for people that aren't 289 00:14:25,679 --> 00:14:26,240 living in the state. 290 00:14:26,360 --> 00:14:28,120 Speaker 1: I mean, good luck, I did the funniest thing. 291 00:14:28,440 --> 00:14:28,799 Speaker 2: Go ahead. 292 00:14:29,759 --> 00:14:30,960 Speaker 4: No, and I mean you can't. 293 00:14:31,000 --> 00:14:32,639 Speaker 3: I just I don't think there's any way that that 294 00:14:32,639 --> 00:14:35,200 would pass on the legal Even if you own a 295 00:14:35,240 --> 00:14:39,399 home there, you're paying property tax, so they can't say, well, 296 00:14:39,399 --> 00:14:40,039 they're taking a bit. 297 00:14:40,120 --> 00:14:40,519 Speaker 4: No, they're not. 298 00:14:40,600 --> 00:14:42,919 Speaker 3: If they're not living there, you can't say that they're 299 00:14:43,039 --> 00:14:46,279 using the services, they're using things, they're paying property tax. 300 00:14:46,480 --> 00:14:49,039 They're still in that benefit to your to your city 301 00:14:49,240 --> 00:14:53,720 because they're paying that property tax. Yeah, I just whatever, right, 302 00:14:53,799 --> 00:14:55,960 I don't think And and I furthermore, I think that 303 00:14:56,000 --> 00:14:58,240 a lot of them will probably if if he is 304 00:14:58,279 --> 00:15:00,120 somehow able to do that, I think a lot lot 305 00:15:00,120 --> 00:15:03,000 of them will divest of their New York assets. And 306 00:15:03,120 --> 00:15:05,000 I think you'll see a massive hit to New York 307 00:15:05,000 --> 00:15:08,240 real estate and it will continue to devalue and they 308 00:15:08,240 --> 00:15:10,120 will step back in and buy that property up when 309 00:15:10,120 --> 00:15:11,759 the city regains its mind. 310 00:15:11,960 --> 00:15:14,919 Speaker 1: So putting on the investor cap a chief investment officer cap, 311 00:15:15,840 --> 00:15:17,600 is this something that you wanted to be ahead of, 312 00:15:17,639 --> 00:15:20,919 like shorting? Can you short New York real estate? I'm 313 00:15:20,919 --> 00:15:22,200 sure there's funds that are made up of the East 314 00:15:22,159 --> 00:15:24,519 Coast New York real estate. And I want you to 315 00:15:24,519 --> 00:15:26,759 think about this for a second. The opportunities that exist, 316 00:15:27,039 --> 00:15:29,240 and we need to talk about some of the demographics. 317 00:15:29,399 --> 00:15:32,799 And then these sort of taxes as Larndmark taxes will 318 00:15:32,799 --> 00:15:35,679 do this with Zacht Abraham soul matters in business, It 319 00:15:35,720 --> 00:15:38,759 really does. I don't know what soul exists behind. Let's 320 00:15:38,759 --> 00:15:42,200 say great big soap companies like Irish Spring. Now you 321 00:15:42,279 --> 00:15:44,919 know that comes from a spring in Ireland. Water as 322 00:15:44,919 --> 00:15:46,879 clear as day can reach down. Just get on your 323 00:15:46,919 --> 00:15:50,559 knees and suck that up. And then that water is 324 00:15:50,600 --> 00:15:53,120 taken from that spring and it sent to communists China, 325 00:15:53,639 --> 00:15:55,799 and maybe that stuff is made in slave labor and 326 00:15:55,840 --> 00:16:00,600 tested on wigers. Here, there's no Irish Spring stuff. It's 327 00:16:00,600 --> 00:16:03,600 not clean as a dove. It comes from great, big, 328 00:16:03,679 --> 00:16:06,360 huge factories. And yet you continue to put this in 329 00:16:06,440 --> 00:16:09,639 your body. And I've done the same thing without thinking 330 00:16:10,159 --> 00:16:12,519 there's an alternative to this. And this is the time 331 00:16:12,519 --> 00:16:16,240 to change over during Christmas, changeover for yourself to Alan 332 00:16:16,320 --> 00:16:19,480 Soaps dot com slash todd. This is made in America 333 00:16:19,559 --> 00:16:22,279 by family with three generations of soap making expertise, and 334 00:16:22,360 --> 00:16:25,559 its entire mission beyond the excellence of the soap, chemical free, 335 00:16:25,639 --> 00:16:28,960 best soap you'll ever have. All natural is to employ 336 00:16:29,000 --> 00:16:31,799 people like Alan and Ian. You know, the rest of 337 00:16:31,799 --> 00:16:33,720 the world would just say, look, just put them on 338 00:16:33,840 --> 00:16:36,600 some psychosomatic drugs, park them in front of a video game, 339 00:16:36,639 --> 00:16:39,480 send them in a box. They'll be fine. Now now, 340 00:16:39,799 --> 00:16:42,240 These kids are designed to work and have the joy 341 00:16:42,240 --> 00:16:43,679 of that, and they do work there. We want to 342 00:16:43,759 --> 00:16:46,879 hire more people, so make that decision Alan Soaps dot 343 00:16:46,879 --> 00:16:50,279 Com slash Todd, or make it for someone else, particularly 344 00:16:50,320 --> 00:16:53,159 people with special needs kids. There's a lot of hope 345 00:16:53,200 --> 00:16:55,840 in them seeing how Alan works there every single day 346 00:16:55,879 --> 00:17:00,000 despite being effectively nonverbal with his eighteen operations in Difficulty movie. 347 00:17:00,440 --> 00:17:03,080 Go to Alan Soaps dot Com slash Todd. That's Alan 348 00:17:03,159 --> 00:17:07,559 Soaps dot Com slash todd. The demographics on this sack. 349 00:17:07,599 --> 00:17:08,880 We'll get to this in a second. But have you 350 00:17:08,880 --> 00:17:11,680 ever been a hit with Have you ever been hit 351 00:17:11,720 --> 00:17:13,640 with one of those taxes from a state you don't 352 00:17:13,640 --> 00:17:16,799 live in and they called this a franchise tax? Have 353 00:17:16,880 --> 00:17:19,319 you ever had that arrive in the mail of the 354 00:17:19,319 --> 00:17:20,200 franchise tax thing? 355 00:17:21,079 --> 00:17:21,119 Speaker 2: No? 356 00:17:21,319 --> 00:17:22,920 Speaker 4: I haven't, I've never Yeah, no, Okay. 357 00:17:23,200 --> 00:17:25,759 Speaker 1: So, way back in the day, I did a consulting 358 00:17:25,799 --> 00:17:29,599 gig for Comedy Central and they brought me down. Friend 359 00:17:29,640 --> 00:17:31,559 of mine, Liz, brought me into this deal. I was 360 00:17:31,599 --> 00:17:35,440 in California for two weeks, one week, get down, going 361 00:17:35,480 --> 00:17:37,880 to investigate, another week to go back and present what 362 00:17:37,920 --> 00:17:40,480 we suggested they do. They paid us a good amount 363 00:17:40,480 --> 00:17:42,799 of money for this project, really good amount of money 364 00:17:42,960 --> 00:17:45,279 and get home. You know, report that to my taxes. 365 00:17:45,319 --> 00:17:47,599 I get a letter from the state of California. You 366 00:17:47,680 --> 00:17:52,319 knows income tax, like what I worked on a project there, 367 00:17:52,680 --> 00:17:55,079 I owe you income tax. So you know how I 368 00:17:55,079 --> 00:17:58,279 approached this is I wrote them back a letter and said, 369 00:17:58,400 --> 00:18:01,359 I am prepared to pay this tax. I have set 370 00:18:01,359 --> 00:18:05,920 aside the funds. Please introduce me to my representative so 371 00:18:05,960 --> 00:18:08,640 that I can have some questions about this, because since 372 00:18:08,640 --> 00:18:12,039 I'm being taxed, certainly I have a representative in the 373 00:18:12,039 --> 00:18:14,880 state legislature. Just please introduce me to that person. The 374 00:18:15,000 --> 00:18:17,240 minute I meet my representative, I will write a check 375 00:18:17,240 --> 00:18:20,279 for these taxes and send it to you. They never 376 00:18:20,279 --> 00:18:23,119 came up, They never said a thing. It just went away. 377 00:18:23,519 --> 00:18:25,839 How could they don't have a representative I do. 378 00:18:26,000 --> 00:18:28,559 Speaker 3: I wonder why pro athletes pay that tax, because every 379 00:18:28,599 --> 00:18:31,359 time a pro athlete plays a game in California. 380 00:18:31,240 --> 00:18:33,640 Speaker 4: They pay that tax. But you're right, I've never thought 381 00:18:33,640 --> 00:18:35,119 about that angle. It's unconstitutional. 382 00:18:35,119 --> 00:18:37,680 Speaker 1: It's taxation without representation, blatantly inconstitutional. 383 00:18:38,359 --> 00:18:40,039 Speaker 4: Yeah. If you can't vote in the state of California, 384 00:18:40,079 --> 00:18:40,920 you can't pay in comep tax. 385 00:18:41,160 --> 00:18:44,240 Speaker 1: Yeah. Blatantly in constitutional every single one of the right. 386 00:18:44,839 --> 00:18:46,599 By the way, if you're an nflation should you and 387 00:18:46,640 --> 00:18:49,359 you take advantage of this, I'll give you my email address. 388 00:18:49,359 --> 00:18:51,319 You can send me a just au because it's okay 389 00:18:51,359 --> 00:18:52,759 to take a rank on something like that. Right, that's 390 00:18:52,759 --> 00:18:53,359 what agents do. 391 00:18:54,319 --> 00:18:56,640 Speaker 4: Well, I mean they should, yeah, I mean they should. 392 00:18:56,799 --> 00:18:57,640 Speaker 1: They should be paying me. 393 00:18:57,920 --> 00:19:01,079 Speaker 3: I mean I came, yeah, I mean well, I mean 394 00:19:01,160 --> 00:19:02,200 you know you could. 395 00:19:02,279 --> 00:19:03,640 Speaker 4: You could throw a little my way too. I mean, 396 00:19:03,920 --> 00:19:09,319 this is a colaborative process. We're a poet. We're doing 397 00:19:09,359 --> 00:19:09,759 it together. 398 00:19:09,839 --> 00:19:12,880 Speaker 1: Man, right, No, I wouldn't be anywhere near where I 399 00:19:12,880 --> 00:19:14,279 am without you, So of course I'll give you a 400 00:19:14,319 --> 00:19:17,920 percentage in that. The demographics for Zach. You want to 401 00:19:17,960 --> 00:19:22,680 talk about fear, so you can look at men. This 402 00:19:22,720 --> 00:19:26,480 is around Madami men eighteen twenty nine young guys uh 403 00:19:26,559 --> 00:19:31,759 sixty eight percent men thirty thirty four sixty six men's 404 00:19:32,160 --> 00:19:34,920 forty five sixty four, forty five sixty five plus thirty 405 00:19:34,960 --> 00:19:40,039 five four Ondamie women Zach eighteen to twenty nine, eighty 406 00:19:40,079 --> 00:19:44,160 four percent. You look at Mike Cheryl women eighty one 407 00:19:44,200 --> 00:19:47,279 percent eighteen to twenty nine. You look at Jay Jones 408 00:19:47,359 --> 00:19:50,759 women eighteen to twenty nine, seventy six percent. You look 409 00:19:50,799 --> 00:19:55,880 at Abigail Spamberger, who's insane women eighteen to twenty nine percent. 410 00:19:56,680 --> 00:20:01,319 Now what do you think, what under what delusion delusions 411 00:20:01,359 --> 00:20:02,200 do you think they're voting? 412 00:20:08,319 --> 00:20:12,119 Speaker 3: I think it's I think it's really interesting that this 413 00:20:12,200 --> 00:20:15,440 is happening at the same time that you have this 414 00:20:15,519 --> 00:20:19,400 kind of unprecedented amount of people in that same age 415 00:20:19,400 --> 00:20:24,400 group that aren't dating, aren't married, aren't aren't having families. 416 00:20:26,200 --> 00:20:27,400 Speaker 4: And when you look at the. 417 00:20:27,400 --> 00:20:32,200 Speaker 3: Data, it's very abnormal, right, Like it sticks out like 418 00:20:32,240 --> 00:20:36,079 a sort thumb. And in a scenario like that with 419 00:20:36,240 --> 00:20:40,359 cultural breakdown, I think that the men have a big 420 00:20:40,400 --> 00:20:43,519 part of the blame. I think way too many men 421 00:20:43,640 --> 00:20:47,759 are not, for a variety of different reasons, attractive partners. 422 00:20:49,079 --> 00:20:53,400 And I think when that happens, I think that women 423 00:20:53,440 --> 00:20:54,880 and I don't mean this in a sexist way, but 424 00:20:54,880 --> 00:20:56,640 I think the average women, especially between the age of 425 00:20:56,680 --> 00:20:59,880 eighteen to twenty nine, start probably looking for some of 426 00:21:00,079 --> 00:21:02,039 those things that they would previously look for in a 427 00:21:02,039 --> 00:21:07,119 partner in elected officials, so they start looking at yeah, 428 00:21:07,160 --> 00:21:09,440 they start viewing politics more through it. And I don't 429 00:21:09,440 --> 00:21:11,240 mean this in a sex of sexist way at all. 430 00:21:11,279 --> 00:21:14,119 But I think they start looking at politics and they 431 00:21:14,160 --> 00:21:18,759 start ascribing more gravitas to it than they should, in 432 00:21:18,799 --> 00:21:21,160 the sense that I think that they started tying and 433 00:21:21,200 --> 00:21:26,359 attaching emotional emotions to it, feelings of security, looking for 434 00:21:26,440 --> 00:21:29,039 government to play I mean, just think about it like 435 00:21:29,279 --> 00:21:32,279 I mean, if you're a twenty seven year old woman 436 00:21:32,680 --> 00:21:35,799 and you're married to a really great guy. It's a 437 00:21:35,799 --> 00:21:38,160 really good provider, protector, you know that kind of stuff, 438 00:21:38,200 --> 00:21:40,680 and good husband, and then you're looking at a twenty 439 00:21:40,680 --> 00:21:43,640 seven year old girl who's single, who can't find a 440 00:21:43,640 --> 00:21:46,920 good guy. I think it's kind of illogical to not 441 00:21:47,039 --> 00:21:49,799 think that their worldview is going to be somewhat different. 442 00:21:50,160 --> 00:21:54,000 They're probably going to be voting for different things, and 443 00:21:54,680 --> 00:21:57,000 it's only natural, I think, for the twenty seven year 444 00:21:57,039 --> 00:21:59,640 old girl who's not married to look to government to 445 00:21:59,720 --> 00:22:00,799 play some of that role. 446 00:22:01,279 --> 00:22:01,480 Speaker 2: Right. 447 00:22:01,559 --> 00:22:03,000 Speaker 4: And then when you. 448 00:22:02,960 --> 00:22:06,400 Speaker 3: Look at how the fact that if you look at 449 00:22:06,440 --> 00:22:08,799 Gen ZS and millennials, the other thing I think is 450 00:22:08,799 --> 00:22:12,319 pretty pretty hard to argue is that they are probably 451 00:22:12,359 --> 00:22:17,079 the least educated generation. Maybe not in some ways as 452 00:22:17,119 --> 00:22:19,799 far as book sense, but as far as street sense. 453 00:22:20,240 --> 00:22:22,720 You know, the amount of jobs they've had by the 454 00:22:22,720 --> 00:22:25,519 time they're twenty one, right, just life experience and things 455 00:22:25,559 --> 00:22:28,200 like this. I think you're looking at, you know, one 456 00:22:28,279 --> 00:22:31,200 of the least hard working for a variety of reasons. 457 00:22:31,240 --> 00:22:33,000 Speaker 4: And I don't think they'll always stay that way, but. 458 00:22:33,799 --> 00:22:36,680 Speaker 3: One of the least independents, one of the most the 459 00:22:36,759 --> 00:22:42,079 most caudal generation in US history. And I think you 460 00:22:42,160 --> 00:22:44,880 add all that stuff into those dynamics and I think 461 00:22:44,920 --> 00:22:47,640 it makes perfect sense. And the other thing I think 462 00:22:47,640 --> 00:22:51,200 that you have in here is that you have it's 463 00:22:51,240 --> 00:22:55,279 really ironic, right, The stability that free markets and capitalism 464 00:22:55,319 --> 00:22:59,200 have provided is the very thing that makes these people 465 00:22:59,240 --> 00:23:03,559 feel comfortable voting this way. Yeah, right, it's it's because, yeah, 466 00:23:03,599 --> 00:23:07,240 because no no election outcome has ever meant a negative 467 00:23:07,319 --> 00:23:10,920 change to their lives, right, think, right, really right? I 468 00:23:10,920 --> 00:23:13,720 mean you'll see it on the streets, lamenting and freaking 469 00:23:13,759 --> 00:23:18,079 out and protesting and screaming from their nether regions, you know, 470 00:23:18,160 --> 00:23:18,680 at Trump. 471 00:23:18,920 --> 00:23:21,279 Speaker 4: But in reality, what really happened. 472 00:23:21,319 --> 00:23:24,640 Speaker 3: Nothing, There was no there was no negative consequence except 473 00:23:24,640 --> 00:23:25,680 a reduction in crime rate. 474 00:23:25,920 --> 00:23:29,119 Speaker 1: Yep, there's been. There's there's a poll that NBC News 475 00:23:29,119 --> 00:23:32,839 put out and they snuck in a question here that 476 00:23:32,880 --> 00:23:36,480 I don't think they know they snuck in, but they 477 00:23:36,559 --> 00:23:42,359 asked about the outlawing of having a miscarriage, because you 478 00:23:42,400 --> 00:23:45,440 know it's the legal of a miscarriage. Well you know that, No, 479 00:23:45,480 --> 00:23:47,960 I don no, No, you can cross having a miscarriage because 480 00:23:47,960 --> 00:23:50,279 it counts an abortion because you're going to be denied 481 00:23:50,279 --> 00:23:52,480 a DNA. Uh, you're not gonna be able to have 482 00:23:52,519 --> 00:23:55,119 the the baby if you have a miscarriage removed. If 483 00:23:55,160 --> 00:23:56,759 you can report that, it's kind of as an abortion 484 00:23:56,920 --> 00:23:58,559 and you're gonna be forced to carry around the dead 485 00:23:58,559 --> 00:24:01,039 fetus in your body. You didn't know that. No, there 486 00:24:01,079 --> 00:24:03,720 were twenty eight percent of women who counted that as 487 00:24:03,759 --> 00:24:04,880 among their concerns. 488 00:24:05,839 --> 00:24:08,279 Speaker 3: Look, I'm sitting there listening to interviews with people on 489 00:24:08,319 --> 00:24:12,160 the streets and they're literally sitting there talking about Mom 490 00:24:12,279 --> 00:24:17,200 Dami's policies and talking about government run grocery stores and 491 00:24:17,240 --> 00:24:18,039 how that's going. 492 00:24:18,000 --> 00:24:19,039 Speaker 4: To lower prices. 493 00:24:19,440 --> 00:24:23,640 Speaker 3: I know, and it's I mean, everybody listening to us 494 00:24:23,720 --> 00:24:28,000 knows this. But that literally is like watching somebody take 495 00:24:28,079 --> 00:24:30,480 their shirt off, walk to the end of the dock 496 00:24:30,880 --> 00:24:33,200 and fully believe they can jump in the lake without 497 00:24:33,200 --> 00:24:33,799 getting wet. 498 00:24:34,359 --> 00:24:37,640 Speaker 1: I know what, I mean, I know, and it's right. 499 00:24:38,519 --> 00:24:41,240 But what they've done the Democrat Party one day is zach. 500 00:24:42,000 --> 00:24:44,359 What they've done to women eighteen to twenty nine years old, 501 00:24:45,039 --> 00:24:48,319 they've done. There's a new site called wine mom Antifa, 502 00:24:49,559 --> 00:24:54,559 and it is tracking otherwise ordinary moms who've gone from 503 00:24:54,640 --> 00:24:59,599 sipping wine to flirting with and getting into Antifa because 504 00:24:59,640 --> 00:25:04,240 they leave that same sex attracted people and black and 505 00:25:04,279 --> 00:25:06,880 brown people, the same six attracted people are going into camps, 506 00:25:07,759 --> 00:25:11,559 and black and brown people citizens are being removed. They 507 00:25:11,599 --> 00:25:15,039 believe that Trump is removing black and brown American citizens 508 00:25:15,119 --> 00:25:17,240 driving through cities because they're black and brown. Have you 509 00:25:17,279 --> 00:25:19,279 had to talk with their kids yet? If they see dhs? 510 00:25:21,599 --> 00:25:23,799 But wait, I'm sorry. They have the country club card, right, 511 00:25:24,160 --> 00:25:25,880 I'm sorry because if they'll just pull out, No, here's 512 00:25:25,920 --> 00:25:28,720 my country club, golf card, my swimming oh okay, sorry, 513 00:25:29,000 --> 00:25:32,759 private school card? No, sorry, no, and look that. 514 00:25:33,200 --> 00:25:34,720 Speaker 4: And this goes back to where we're at. 515 00:25:34,759 --> 00:25:37,839 Speaker 3: I mean, and I think social media ironically, like I've 516 00:25:37,839 --> 00:25:40,720 said before, I think we'll look back at social media 517 00:25:40,759 --> 00:25:43,000 and see it as the Tower of Babel, meaning, yeah, 518 00:25:43,039 --> 00:25:45,680 we all marveled at our technological advances and we could 519 00:25:45,680 --> 00:25:48,920 all speak the same language, and then this technological advance 520 00:25:49,359 --> 00:25:53,599 blew all that up and and it nuked communication because 521 00:25:53,960 --> 00:25:57,599 you have I mean, it is so we've had political 522 00:25:57,599 --> 00:26:00,599 debates in this country since the beginning of its inception. Right, 523 00:26:00,720 --> 00:26:05,079 what we have not done is had arguments about things 524 00:26:05,119 --> 00:26:10,200 that are so obviously true or false, like somebody having 525 00:26:10,200 --> 00:26:12,960 a penis being a woman or having a baby like you. 526 00:26:13,279 --> 00:26:15,720 And you look around and you go, this is so nuts. 527 00:26:15,759 --> 00:26:19,079 But this is literally how cultures tare themselves apart. Right, 528 00:26:19,119 --> 00:26:21,319 You've got these people that believe all these things that 529 00:26:21,480 --> 00:26:28,119 just aren't true, and it happens through the ability or 530 00:26:28,240 --> 00:26:30,960 lack of education of the populace and the ability for 531 00:26:31,039 --> 00:26:33,599 those in the pa Like that's I can't believe that 532 00:26:33,720 --> 00:26:36,359 nobody talks about that. We talk about hate speech or 533 00:26:36,400 --> 00:26:39,640 inflammatory speech. What about what's said on the media every 534 00:26:39,640 --> 00:26:43,799 single day? What about when calling these people fascists and all? 535 00:26:43,839 --> 00:26:48,000 And you know, how is that not inflammatory speech? And 536 00:26:48,079 --> 00:26:50,359 you've got, like I said, you've got forty to fifty 537 00:26:50,359 --> 00:26:52,640 percent of the country that's running around that believes something 538 00:26:53,160 --> 00:26:59,359 that is objectively not true. And it's crazy, especially coming 539 00:26:59,400 --> 00:27:02,920 from the people to talk about misinformation. This gets us 540 00:27:02,920 --> 00:27:06,000 back to talking about None of this makes sense unless 541 00:27:06,039 --> 00:27:07,599 you look at it through a spiritual leens. 542 00:27:07,920 --> 00:27:10,480 Speaker 1: Oh, I hate to No, it's not forgottedness. 543 00:27:11,680 --> 00:27:15,519 Speaker 3: No no, no, no no, can't can't say, can't say, 544 00:27:15,640 --> 00:27:17,079 can't reference the Bible right. 545 00:27:18,000 --> 00:27:22,200 Speaker 1: And God told us. Expect times like this, wars and 546 00:27:22,279 --> 00:27:27,039 rumors of wars. Expect people who ignore sound teaching and 547 00:27:27,160 --> 00:27:31,519 chase after false teachers, who wish article they're wishing their 548 00:27:31,599 --> 00:27:35,359 their itching ears. And what we're seeing is people lording 549 00:27:35,400 --> 00:27:38,200 their power over others, the hearts of many growing cold, 550 00:27:39,160 --> 00:27:41,920 people who want to claim to speak of God, but 551 00:27:42,039 --> 00:27:44,400 none of the majesty and of the divinity, et cetera. 552 00:27:44,480 --> 00:27:47,039 And that is what we're seeing. 553 00:27:46,640 --> 00:27:48,759 Speaker 3: The other thing that the other thing I think is 554 00:27:48,759 --> 00:27:52,880 interesting here is it's it's not normalized. 555 00:27:52,960 --> 00:27:54,319 Speaker 4: I think for one of the groups it is. 556 00:27:54,680 --> 00:27:57,119 Speaker 3: But if you look at the left, you look at 557 00:27:57,160 --> 00:27:59,799 this whole, you know, woke and all that nonsense. 558 00:28:00,559 --> 00:28:03,759 Speaker 4: Who are the two groups? There are two groups that 559 00:28:03,839 --> 00:28:10,680 are not afforded the same rights deferences, all that kind 560 00:28:10,680 --> 00:28:11,119 of stuff. 561 00:28:11,200 --> 00:28:13,440 Speaker 3: There are two groups that for some reason have been 562 00:28:13,519 --> 00:28:16,880 castigated and do not get any protection from the last. 563 00:28:17,119 --> 00:28:20,119 Speaker 1: You know, all those two groups are I can. 564 00:28:19,920 --> 00:28:22,960 Speaker 4: Guess Christians and Jews. 565 00:28:23,400 --> 00:28:27,640 Speaker 1: Yeah, and white Yeah, yeah, yeah, especially if you're white. 566 00:28:28,000 --> 00:28:28,839 Speaker 4: That's the other. 567 00:28:28,720 --> 00:28:32,319 Speaker 3: Thing that weirds me out is when you see a rise, 568 00:28:32,839 --> 00:28:36,720 an irrational rise, frankly on both sides for political aisle, 569 00:28:36,759 --> 00:28:40,920 which I find revolting of anti Semitites and anti Semitism 570 00:28:41,400 --> 00:28:45,359 and simultaneously a turn against Christianity. The game is afoot, 571 00:28:46,519 --> 00:28:50,160 right when you see those things, you are not fighting 572 00:28:50,240 --> 00:28:51,640 principalities of this world. 573 00:28:51,799 --> 00:28:51,880 Speaker 2: No. 574 00:28:52,079 --> 00:28:54,640 Speaker 1: And look, you can critique the government of Israel all 575 00:28:54,720 --> 00:28:56,640 day long and you don't have to become a Jew hater. 576 00:28:57,519 --> 00:29:01,440 Speaker 3: Yeah right, Yes, it's it that I mean, that's like 577 00:29:01,480 --> 00:29:05,039 saying I mean, for instance, it's like saying I hate 578 00:29:05,119 --> 00:29:08,000 Carneye and therefore I hate all Canadians. 579 00:29:08,160 --> 00:29:09,319 Speaker 4: Ridians are really nice people. 580 00:29:09,640 --> 00:29:14,200 Speaker 1: Yeah right, I'm not anti Canadian exactly. Okay. I want 581 00:29:14,240 --> 00:29:18,480 to ask you about buying signals near the apocalypse. So 582 00:29:19,000 --> 00:29:24,039 when we're getting towards the end days, because just now, 583 00:29:24,319 --> 00:29:26,519 lest minute, we took one step closer to the end days. 584 00:29:26,559 --> 00:29:28,079 No one knows the day at the time, but I 585 00:29:28,119 --> 00:29:29,720 want to ask you this because we were talking about 586 00:29:29,720 --> 00:29:32,440 on Donny these signals the culture war continues. What's gonna 587 00:29:32,440 --> 00:29:34,640 happen in New York. I was thinking about Ken, you 588 00:29:34,799 --> 00:29:37,000 short New York realistate, could you have done this? So 589 00:29:37,039 --> 00:29:39,119 we'll talk about this in a second. My friends at 590 00:29:39,119 --> 00:29:43,519 Angel Studios did what HBO refused to do that Netflix 591 00:29:43,599 --> 00:29:45,880 refused to accept. I know there were people who pitched 592 00:29:45,960 --> 00:29:50,279 documentaries about Fauci and what he did to people and 593 00:29:50,319 --> 00:29:53,400 what he is. They didn't do that. They had a 594 00:29:53,440 --> 00:29:56,799 celebratory movie. There's been Showtime, et cetera, a whole bunch 595 00:29:56,799 --> 00:30:00,440 of movies about Fauci the hero. What Angel Studios decided 596 00:30:00,519 --> 00:30:03,119 to go and take an actual look at Fauci in 597 00:30:03,160 --> 00:30:06,079 the entire COVID period of time. So they got an 598 00:30:06,119 --> 00:30:11,759 award winning director named Jenner. First, he got exclusive interviews 599 00:30:11,920 --> 00:30:19,359 with government whistleblowers, intelligence experts, dissident meaning truth telling scientists, 600 00:30:19,440 --> 00:30:23,160 and doctors, and they went back to the very origin 601 00:30:23,359 --> 00:30:27,599 of the COVID flu and their theory is we may 602 00:30:27,640 --> 00:30:32,839 well be in a arms race for bioterra weapons with China, 603 00:30:33,480 --> 00:30:36,200 and we use the Wuhan lab experiment to see what 604 00:30:36,240 --> 00:30:39,599 they would do. It's a fascinating theory. This movie deserves 605 00:30:39,640 --> 00:30:41,920 to be watched by you right now because of demanding 606 00:30:41,960 --> 00:30:44,400 movies like this. Go to Angel dot com slash hermon, 607 00:30:44,960 --> 00:30:48,400 you join the Angel Guild. You can immediately stream Thank you, 608 00:30:48,480 --> 00:30:52,559 doctor Fauci, and in doing so you will empower them 609 00:30:52,559 --> 00:30:54,799 to make more movies like this at demand accountability of 610 00:30:54,799 --> 00:30:57,599 people like Tony Fauci. It's Angel dot com slash herman. 611 00:30:57,880 --> 00:31:01,119 All right, So here's where we're at. We were wars 612 00:31:01,119 --> 00:31:04,240 and neervers of wars. We have the uprisings against the 613 00:31:04,319 --> 00:31:09,519 Christian faith. We've got uprisings against the Bible attempting to 614 00:31:09,559 --> 00:31:13,920 stop out God's word. We have countries being formed within countries, 615 00:31:14,359 --> 00:31:18,839 division on top of division, and now an avowed so 616 00:31:18,920 --> 00:31:22,519 called democratic socialists, funded from people outside of our country 617 00:31:23,000 --> 00:31:28,920 here to defund the police, seize property, it take apartments 618 00:31:28,920 --> 00:31:32,119 from others, give to some, and government grocery stores now 619 00:31:32,359 --> 00:31:35,720 putting on the chief investment officer hat at Bulwark Capital 620 00:31:35,759 --> 00:31:38,920 Management A Could I have shorted New York, rid the 621 00:31:38,960 --> 00:31:41,200 States and be fixing to make a big amount of money? 622 00:31:41,240 --> 00:31:42,000 Could I have done that? 623 00:31:44,720 --> 00:31:47,000 Speaker 4: Maybe in some way, shape or form. 624 00:31:47,039 --> 00:31:51,160 Speaker 3: There's probably some opportunities out there, but generally speaking, no, 625 00:31:51,960 --> 00:31:54,440 it's and it's really it's really hard to short real 626 00:31:54,559 --> 00:31:56,599 estate on that tide of a regional basis. 627 00:31:56,640 --> 00:31:57,440 Speaker 1: Okay, you know what I mean. 628 00:31:57,559 --> 00:31:59,319 Speaker 4: Yeah, so that that would be tough. 629 00:31:59,440 --> 00:32:01,039 Speaker 3: But but I do you think that there are other 630 00:32:01,039 --> 00:32:03,039 ways to benefit from the stuff you see going on? 631 00:32:03,400 --> 00:32:05,480 Speaker 1: Oh oh good, I'd like to benefit from the destruction 632 00:32:05,559 --> 00:32:07,720 of a good portion of our country. So so how 633 00:32:07,720 --> 00:32:10,440 do we benefit from the destruction of the entire Eastern seaboard? 634 00:32:12,000 --> 00:32:16,039 Speaker 3: So I look, I actually I'm going to say it's 635 00:32:16,079 --> 00:32:21,000 fairly easy. And I think it's fairly easy in in concept. 636 00:32:22,359 --> 00:32:24,720 The execution of it is is definitely more difficult and 637 00:32:24,720 --> 00:32:25,599 requires a lot more work. 638 00:32:25,640 --> 00:32:29,400 Speaker 4: But you are looking at a scenario. Now. 639 00:32:29,440 --> 00:32:33,720 Speaker 3: Look, I want to talk about this with no hyperbole involved. 640 00:32:33,799 --> 00:32:36,400 Let's just and and I think it's I think it's 641 00:32:36,400 --> 00:32:37,160 best to do that. 642 00:32:37,720 --> 00:32:40,200 Speaker 4: So we can just focus on the things. 643 00:32:39,880 --> 00:32:42,920 Speaker 3: That we know, right, Like I always say in investing, 644 00:32:43,160 --> 00:32:46,640 try to sit aside as many other things you can 645 00:32:47,279 --> 00:32:49,200 to look at just the fact, right, set your politics 646 00:32:49,240 --> 00:32:50,799 asides that social beliefs. 647 00:32:51,599 --> 00:32:53,559 Speaker 4: You want to just analyze the facts. So here are 648 00:32:53,599 --> 00:32:54,039 the facts. 649 00:32:54,920 --> 00:32:58,920 Speaker 3: You are looking at a US stock market, uh, an 650 00:32:58,960 --> 00:33:01,759 asset market in general, housings at all time, and affordability 651 00:33:01,799 --> 00:33:04,240 as well. But you're looking to US or or US 652 00:33:04,279 --> 00:33:09,640 stock market that is in i'd say ninety eight percent 653 00:33:09,720 --> 00:33:12,960 of different metrics at by far and away, the most 654 00:33:12,960 --> 00:33:17,359 overvalued has ever been in history. Now, that overvaluation, I think, 655 00:33:17,400 --> 00:33:23,039 in all reality is significantly more than any other time 656 00:33:23,039 --> 00:33:26,880 in history because you've got certain things that make the 657 00:33:27,000 --> 00:33:32,039 valuations look more tame, like stock based compensation, which is 658 00:33:32,079 --> 00:33:36,440 being used at a record amount, all these different tricks, 659 00:33:36,480 --> 00:33:40,039 segregating different liabilities off in especial purpose vehicles. There's a 660 00:33:40,039 --> 00:33:42,079 lot of different things right now that if you undid 661 00:33:42,119 --> 00:33:45,240 those things and you actually looked at these corporations in 662 00:33:45,279 --> 00:33:48,119 a way that a detailed investor would, you'd come back 663 00:33:48,119 --> 00:33:51,839 and say, Okay, actually, valuations are an all time high. 664 00:33:51,880 --> 00:33:52,440 Speaker 1: There's a lot of. 665 00:33:52,359 --> 00:33:54,279 Speaker 3: Things in there that are that are i don't want 666 00:33:54,279 --> 00:33:57,920 to say artificial, but window dressing to make valuations. 667 00:33:57,319 --> 00:33:58,039 Speaker 1: Look look lower. 668 00:33:58,039 --> 00:34:00,519 Speaker 4: Okay, So there's an overvaluation problem. 669 00:34:00,640 --> 00:34:05,279 Speaker 3: But here's here's the more interesting problem. 670 00:34:05,440 --> 00:34:07,759 Speaker 4: There are a lot of stock markets out there in 671 00:34:07,799 --> 00:34:08,039 the world. 672 00:34:08,119 --> 00:34:08,239 Speaker 2: Right. 673 00:34:08,280 --> 00:34:09,639 Speaker 4: There's a lot of stocks in the world. 674 00:34:09,719 --> 00:34:09,800 Speaker 3: Right. 675 00:34:10,000 --> 00:34:10,719 Speaker 4: You can think around the. 676 00:34:10,679 --> 00:34:13,400 Speaker 3: World, Europe and you know, Russia, and you know all 677 00:34:13,400 --> 00:34:15,159 over the place, China and Japan, all. 678 00:34:15,079 --> 00:34:15,719 Speaker 4: That kind of stuff. 679 00:34:17,119 --> 00:34:21,400 Speaker 3: When you look at the MSCI World Index, which is 680 00:34:21,519 --> 00:34:24,480 index of the largest stocks in the world, very representative 681 00:34:24,519 --> 00:34:27,320 of the international right, the whole international community. 682 00:34:27,519 --> 00:34:28,159 Speaker 4: Think about this. 683 00:34:28,760 --> 00:34:33,559 Speaker 3: Of the MSCI World Index, thirty percent of the MSCI 684 00:34:33,639 --> 00:34:37,039 World Index is the top seven stocks in the United States. 685 00:34:37,159 --> 00:34:38,400 Speaker 4: That's thirty percent. 686 00:34:38,719 --> 00:34:40,360 Speaker 1: That's seventy. 687 00:34:40,639 --> 00:34:43,239 Speaker 3: I didn't say the SMP five hundred made up thirty 688 00:34:43,239 --> 00:34:45,119 percent of the MSCI World Index. 689 00:34:45,360 --> 00:34:47,760 Speaker 4: I said seven stocks did. Okay. 690 00:34:48,039 --> 00:34:52,119 Speaker 3: Now here's the crazy part. We are the largest economy 691 00:34:52,159 --> 00:34:54,119 in the world. The second largest economy in the world 692 00:34:54,159 --> 00:34:58,039 is China. By twenty thirty, as it relates to GDP. Now, 693 00:34:58,639 --> 00:35:01,599 we will still have a far more productive economy and 694 00:35:01,679 --> 00:35:05,880 will have a much higher GDP per person, But in 695 00:35:05,960 --> 00:35:08,599 terms of total size of the economy by twenty thirty, 696 00:35:08,760 --> 00:35:11,280 US and China are going to be relatively not connect. Okay, 697 00:35:11,920 --> 00:35:16,280 So you look in the MSCI World Index at China stocks, 698 00:35:16,719 --> 00:35:20,760 all of China, their stocks make up three percent of 699 00:35:20,800 --> 00:35:26,960 the MSCI World Index. So, regardless evaluation, what you are 700 00:35:27,079 --> 00:35:31,440 seeing right now, that is an absolute historical anomaly. We 701 00:35:31,599 --> 00:35:36,639 have no comps the amount of concentration of global money 702 00:35:36,800 --> 00:35:41,039 in US stocks and the lack of concentration of global 703 00:35:41,079 --> 00:35:45,440 money everywhere else. You have never been more historically tipped 704 00:35:45,440 --> 00:35:49,559 the other way. The difference in valuation of our markets 705 00:35:49,599 --> 00:35:54,039 compared to every other market has never been wider. And 706 00:35:55,119 --> 00:35:59,039 what I think what you want to do here is 707 00:35:59,119 --> 00:36:01,719 you've got to generate opportunity that we haven't seen a 708 00:36:01,800 --> 00:36:05,159 set up like this in fifty years. Meaning literally, you've 709 00:36:05,159 --> 00:36:08,800 got you've got You've got markets and things that are 710 00:36:08,840 --> 00:36:10,920 breaking twenty five year. 711 00:36:10,880 --> 00:36:13,480 Speaker 4: Down friends to the S and P five hundred twenty 712 00:36:13,519 --> 00:36:14,320 five years. 713 00:36:14,760 --> 00:36:19,719 Speaker 3: So what what the deal is is while everybody and 714 00:36:19,760 --> 00:36:25,079 their mother keeps throwing money at ridiculously overpriced US stocks. 715 00:36:25,320 --> 00:36:27,360 Speaker 4: They're giving them away in other parts of the world. 716 00:36:28,079 --> 00:36:31,840 Speaker 3: And it's look, there will be ups and downs, there 717 00:36:31,840 --> 00:36:34,920 will be volatility, But if you are not looking at 718 00:36:35,000 --> 00:36:39,960 natural resources, commodities and international stocks, you're not an investor. 719 00:36:40,280 --> 00:36:43,559 You're not an investor because every every portfolio I look 720 00:36:43,599 --> 00:36:45,519 at Todd guess what they all own, they're all loaded 721 00:36:45,559 --> 00:36:48,159 up in those same seven stocks. And meanwhile I'm looking 722 00:36:48,159 --> 00:36:50,639 at them and the reason that they're loaded up in 723 00:36:50,679 --> 00:36:53,239 them is because they've done so well. And I'm sitting 724 00:36:53,239 --> 00:36:57,000 there going guys. Yes, but look at the valuations here. 725 00:36:57,000 --> 00:36:59,679 Here's the other thing. You look look at the valuations 726 00:36:59,679 --> 00:37:03,199 of these companies in terms of just large numbers. Okay, Palenteers, 727 00:37:03,239 --> 00:37:04,760 everybody's darling right now, right. 728 00:37:04,719 --> 00:37:06,920 Speaker 1: Yep, we got here Palenteer right here, yep. 729 00:37:07,519 --> 00:37:07,760 Speaker 2: Yeah. 730 00:37:07,960 --> 00:37:11,199 Speaker 3: So so Palenteer is doing four and a half billion 731 00:37:11,239 --> 00:37:14,400 dollars a revenue, okay, yep, and they're at a five 732 00:37:14,639 --> 00:37:18,239 hundred billion dollar market cap, so they're trading at one 733 00:37:18,320 --> 00:37:21,239 hundred and twenty times revenue. 734 00:37:21,280 --> 00:37:22,320 Speaker 4: Here's the issue. 735 00:37:22,880 --> 00:37:29,440 Speaker 3: Okay, if let's say you, if you're buying Palenteer right now, 736 00:37:29,519 --> 00:37:31,400 you must think that that stock is going to. 737 00:37:31,400 --> 00:37:35,159 Speaker 4: Go up, right like, that's why buy stock right right 738 00:37:35,320 --> 00:37:36,280 by low so high. 739 00:37:37,159 --> 00:37:41,199 Speaker 3: So let's say your thesis. Now, now, Palenteer is growing revenues. 740 00:37:41,320 --> 00:37:44,039 They've got a really healthy growth rate. They're growing revenues 741 00:37:44,039 --> 00:37:45,559 at forty five to fifty percent. 742 00:37:45,599 --> 00:37:49,280 Speaker 4: Okay. Let's say they hold that growth rate for the 743 00:37:49,280 --> 00:37:50,679 next five years. 744 00:37:50,920 --> 00:37:56,159 Speaker 3: Okay, and let's say that be you know, fifty percent 745 00:37:56,199 --> 00:37:59,000 a year compounded for five years would put you up 746 00:37:59,039 --> 00:38:03,519 around four x four x thing of your revenues. Okay, okay, 747 00:38:04,800 --> 00:38:09,199 So if over the next five years, you four extra revenue, 748 00:38:09,599 --> 00:38:14,719 which is incredible growth, right, that's unbelievable. What is your 749 00:38:14,760 --> 00:38:17,840 projection for the stock? If your four extra revenue, you're 750 00:38:17,840 --> 00:38:19,559 probably hoping the stock triples. 751 00:38:20,239 --> 00:38:22,840 Speaker 4: Right, Well, here's the. 752 00:38:22,840 --> 00:38:25,920 Speaker 3: Issue if the if the if you if you four 753 00:38:26,079 --> 00:38:28,639 x the revenue like we're talking about, Yeah, okay, you 754 00:38:28,719 --> 00:38:32,960 go to twenty billion, right, if you get a two 755 00:38:33,639 --> 00:38:35,440 or three hundred percent gain on the stock because your 756 00:38:35,440 --> 00:38:38,199 four x the revenue, you're looking at a market cap 757 00:38:38,239 --> 00:38:41,599 of what so one point five trillion dollars. 758 00:38:41,920 --> 00:38:43,400 Speaker 4: So now now you've got. 759 00:38:43,239 --> 00:38:45,519 Speaker 3: A company that's doing twenty billion in revenue with a 760 00:38:45,559 --> 00:38:48,960 one point five trillion dollar market cap, meaning that you're 761 00:38:49,039 --> 00:38:51,800 up against the law of large numbers like the for 762 00:38:51,880 --> 00:38:55,320 the stock to move up anymore a five a five 763 00:38:55,480 --> 00:39:01,280 percent move higher in the stock equates to six years 764 00:39:01,320 --> 00:39:03,559 of revenue at the current rate. 765 00:39:04,639 --> 00:39:08,719 Speaker 1: So you're going So if Palaginer tried to sell the company, 766 00:39:08,800 --> 00:39:11,119 Let's say they're doing that twenty billion and they go 767 00:39:11,119 --> 00:39:13,880 out they want to sell the company outright, Okay, let's 768 00:39:13,880 --> 00:39:15,679 just pretend this is the case we want to sell, 769 00:39:15,920 --> 00:39:18,440 and you can have strategic implications. You know, they're going 770 00:39:18,480 --> 00:39:21,360 to be part of the surveillance state. They're tied into 771 00:39:21,400 --> 00:39:24,159 the deep state, so this could be strategic reasons, so 772 00:39:24,440 --> 00:39:28,320 they could be a strategic bonus, right, right, And you 773 00:39:28,360 --> 00:39:30,199 go to investor, you say, okay, so what are your revenues? 774 00:39:30,239 --> 00:39:33,639 Twenty billion? Twenty billion? Okay, what do you ask for 775 00:39:33,679 --> 00:39:35,119 the company? One point five trillion? 776 00:39:36,079 --> 00:39:39,920 Speaker 3: Yeah, so if you were going to go buy a 777 00:39:40,079 --> 00:39:43,320 fruit stand, well, let's say a coffee stand. 778 00:39:43,360 --> 00:39:45,199 Speaker 1: You go to the coffee stand and you say, you 779 00:39:45,199 --> 00:39:48,639 know what, I lived here here my daughter, you know, 780 00:39:48,679 --> 00:39:50,480 she wants a place to work, and I kind of 781 00:39:50,519 --> 00:39:52,480 just want to retirement job. I came out with people, 782 00:39:52,920 --> 00:39:54,480 what are your yearly revenues here? 783 00:39:54,639 --> 00:39:54,719 Speaker 2: Now? 784 00:39:55,119 --> 00:39:57,360 Speaker 1: Don't we do a quarter million? Oh, it's not bad. 785 00:39:57,559 --> 00:40:00,440 So coffee shop? And yeah, you know we sell merch 786 00:40:00,519 --> 00:40:03,519 and some some stuff, some meals. Okay, cool? So how 787 00:40:03,559 --> 00:40:05,360 many employees are they get? Three? What are you paying 788 00:40:05,400 --> 00:40:07,480 them thirty grand a year? What do you want for 789 00:40:07,519 --> 00:40:14,639 the place? Twenty two million dollars? Sweet? Is that relatively 790 00:40:14,840 --> 00:40:16,400 spot on to what we're talking about here? 791 00:40:16,920 --> 00:40:17,159 Speaker 4: Yeah? 792 00:40:17,239 --> 00:40:23,440 Speaker 3: And and the and the and here's why overvaluation almost 793 00:40:23,480 --> 00:40:27,760 more than anything. When you look at historically the LAMS investors, 794 00:40:28,159 --> 00:40:31,920 mostly retail investors, right, even retail investors that are. 795 00:40:31,760 --> 00:40:33,559 Speaker 4: Doing their doing their homework a lot. 796 00:40:33,480 --> 00:40:36,280 Speaker 3: Of times because they sit there and they watch the 797 00:40:36,400 --> 00:40:41,159 arc of the stock and they're reading the company results 798 00:40:41,159 --> 00:40:44,760 every quarter, and they're going, well, they're still growing, right, 799 00:40:45,119 --> 00:40:47,199 the narrative is still in place, so the stock will 800 00:40:47,239 --> 00:40:47,920 keep going up. 801 00:40:48,719 --> 00:40:51,679 Speaker 4: But then you forget about Microsoft. 802 00:40:52,159 --> 00:40:55,199 Speaker 3: Right, So the old story from Mike from two thousand 803 00:40:55,239 --> 00:40:59,119 and two to twenty twelve, Microsoft stock went nowhere. 804 00:41:00,239 --> 00:41:03,440 Speaker 4: It made no money over a ten year period of time. 805 00:41:03,440 --> 00:41:06,480 In the stock went nowhere. Over that same period of time, 806 00:41:06,960 --> 00:41:10,920 revenue tripled. Okay, And people go, well, why didn't go anywhere? 807 00:41:11,000 --> 00:41:13,840 Speaker 3: And you go because when at the beginning of that 808 00:41:13,880 --> 00:41:15,840 ten year period it was trading at one hundred and 809 00:41:15,920 --> 00:41:18,360 two times earnings, it needed. 810 00:41:18,039 --> 00:41:21,320 Speaker 4: To triple its revenue to catch up to its valuation. Right. 811 00:41:21,559 --> 00:41:23,920 Speaker 3: And so this is what happens in manias is stock 812 00:41:24,000 --> 00:41:29,039 prices get detached from the actual underlying cash flows and 813 00:41:29,119 --> 00:41:32,519 what people forget and pallunteer shareholders. I put in this 814 00:41:32,639 --> 00:41:37,159 same place, Guys, you currently are buying this thing at 815 00:41:37,159 --> 00:41:41,119 a price where it is virtually impossible on a cash 816 00:41:41,199 --> 00:41:44,280 flow basis for you to be profitable in this trade 817 00:41:44,679 --> 00:41:49,880 in the next ten years, like it's virtually mathematically impossible. 818 00:41:49,920 --> 00:41:51,960 Speaker 4: Yeah, unless they do it. 819 00:41:52,039 --> 00:41:54,719 Speaker 3: Nvidia and five exitrair revenue over the course of a 820 00:41:54,800 --> 00:41:57,000 year and a half, and I will just tell you 821 00:41:57,000 --> 00:41:58,960 you'll probably never see anything like that again. I mean, 822 00:41:58,960 --> 00:42:02,719 it was a complete anoma. So it just it doesn't 823 00:42:02,760 --> 00:42:06,000 make sense. The part that gives you a heartburn note 824 00:42:06,000 --> 00:42:12,599 Todd is then you look around internationally, they're given stuff away. 825 00:42:12,719 --> 00:42:15,039 Speaker 4: I mean, they're just given stuff away. 826 00:42:15,800 --> 00:42:20,880 Speaker 3: And it's it is. It is a generational opportunity. And 827 00:42:20,960 --> 00:42:23,440 not only is it that I think people are going 828 00:42:23,519 --> 00:42:27,159 to get smashed in US stocks. I think they're going 829 00:42:27,239 --> 00:42:30,199 to get smashed for a while, and I think at 830 00:42:30,280 --> 00:42:33,360 simultaneously they're missing out on one of the greatest I've 831 00:42:33,400 --> 00:42:36,559 never seen a buying opportunity with assets like this at 832 00:42:36,599 --> 00:42:38,000 prices like this in my career. 833 00:42:38,519 --> 00:42:39,920 Speaker 4: I've been doing this almost twenty years. 834 00:42:40,000 --> 00:42:43,320 Speaker 1: There you go, So Zach explained the solid explanation. And look, 835 00:42:43,360 --> 00:42:45,960 if you will go to Mexico and say, oh my gosh, honey, 836 00:42:46,000 --> 00:42:48,440 they've got a leather jacket here for ninety nine bucks. 837 00:42:48,440 --> 00:42:50,199 This is six hundred bucks in the States, and you 838 00:42:50,239 --> 00:42:53,039 purchase it. Then you should be looking at the international stocks. 839 00:42:53,079 --> 00:42:54,639 I mean that's me. I just like to boil it 840 00:42:54,679 --> 00:42:57,760 down to my monkey brain thing. It's great to talk 841 00:42:57,800 --> 00:42:59,920 with you. Great forgetting thank you for the wise count 842 00:43:00,039 --> 00:43:03,880 all day. We miss you over here. Uh, I know, 843 00:43:03,920 --> 00:43:06,480 you know I've talked about this tour to Tupelo and 844 00:43:06,519 --> 00:43:08,079 some of these speaking dates and you coming out and 845 00:43:08,119 --> 00:43:10,039 meet some of the folks. We need to do that. 846 00:43:10,079 --> 00:43:11,480 But we need your folks. We need you to get 847 00:43:11,519 --> 00:43:12,000 back over here. 848 00:43:12,599 --> 00:43:16,480 Speaker 4: Uh you know what. Yeah, my wife and I always 849 00:43:16,480 --> 00:43:17,920 talking about that. It's been a while since we've been 850 00:43:17,920 --> 00:43:19,639 over there. Are you. Are you guys doing that that 851 00:43:19,760 --> 00:43:21,480 conference again in like February. 852 00:43:21,639 --> 00:43:23,519 Speaker 1: Yeah, and you got to come to that. We got 853 00:43:23,559 --> 00:43:24,920 to come to that love too, and we'll give a 854 00:43:24,920 --> 00:43:27,519 speech and uh we'll speak together and you can meet 855 00:43:27,559 --> 00:43:30,320 a bunch of the folks and then Uh, I'm committed 856 00:43:30,360 --> 00:43:32,400 to the trip down to Mexico. I just got the 857 00:43:32,480 --> 00:43:34,360 numbers and the people going to be there for renew 858 00:43:34,719 --> 00:43:36,159 got that's a little bit of travel coming up. But 859 00:43:36,199 --> 00:43:37,599 we need to get you back over here and do 860 00:43:37,840 --> 00:43:40,519 uh let's do a private event, uh where we just 861 00:43:40,519 --> 00:43:42,400 sit down and we bring folks in and you answer 862 00:43:42,480 --> 00:43:44,599 questions and we'll do it at a pizza place, a 863 00:43:44,599 --> 00:43:46,519 certain pizza place. I'm not supposed to mention anymore. 864 00:43:46,960 --> 00:43:50,280 Speaker 4: Okay, okay, why why can't you mention it anymore? 865 00:43:50,599 --> 00:43:53,280 Speaker 1: It's a licensing thing, and they, you know, make pizzas 866 00:43:53,320 --> 00:43:56,199 with I'm just kidding. I'm just kidding, trying to play 867 00:43:56,239 --> 00:43:58,519 a big timer and all that. All right, Zach Abraham, 868 00:43:58,559 --> 00:44:01,159 Chief best Officer, Board Captain man, thanks for joining us, 869 00:44:01,480 --> 00:44:03,920 and we will do that again next week. This is 870 00:44:03,920 --> 00:44:06,599 the Todd Herman Show. Please go, be well, be strong, 871 00:44:06,719 --> 00:44:09,119 be kind, and please make every effort to walk in 872 00:44:09,159 --> 00:44:09,920 the life of Christ.