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Speaker 1: Everything Seattle's promised to do for the little people is

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going to screw the little people. Zach Abraham joins us.

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We'll talk about this with the help of renew dot

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Healthcare and God Almighty.

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

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technocrats and tyrants everywhere from the high mountains of Free America.

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Here's the Emerald City exile, Todd Herman.

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Speaker 1: Today is the day the Lord has made, and these

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are the times through which God has decided we shall live.

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And everything the Seattle communists China model people are promising

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to do for the little people is going to screw

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the little people.

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Speaker 3: Zach Abraham joins me on the Todd Herman Show. Welcome,

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my brother.

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Speaker 1: How are we doing, sir, great, because I live in

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a state that's not going to go out and create

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a tax that is custom crafted to just come in and.

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Speaker 3: Crush the little guy. You guys, your Seattle tax.

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Speaker 1: There's a proposed income tax in your separate country of Washington.

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It would be eighteen percent in Seattle. It would be

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the top income tax in the country.

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Speaker 3: Now here's the thing, Zach, this is for the people.

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Speaker 1: This is too You'll get the real pay their fair share,

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always for the people. But you were bringing up to

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me that there is an asterisk in this in relation

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to let's see, not mom and pop restaurants but Google,

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not mom and pop repara shops, but Microsoft, Facebook, et cetera.

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Speaker 3: So what is this?

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Speaker 4: So let me put this in the plainest language possible.

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Not that it'll sway any votes, right, I won't sway

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anybody's opinion because to believe in these things you got

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to be insane already. So but let me lay this out,

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like buy the numbers right straight fast. I got my

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camera ears falling down a little bit. So perfect example

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of this would be looking at a small business in

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LLC and your income is what your income is?

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Speaker 5: What?

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Speaker 4: Now? What I will expect to see is I will

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expect to see Amazon. The big tech companies are probably

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boeing change their vesting policy, and here's why. Currently most

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of them are virtually everyone i've seen vests on a

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five year schedule. Let's say you've got a two million

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dollar compensation package. Most of these tech companies will probably

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pay you somewhere between four to six hundred thousand dollars

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a year in income. Right, the rest of your comp

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will be paid out in stock comp via RSUs restrict

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restricted stock units. The RSUs are taxed income as they vest. Okay,

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so let's say you've got a four hundred thousand dollars

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a year salary. I'm actually basing this off of a

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good friend of mine's exact Complant and Microsoft, so this

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is very realistic. He makes about one to one point

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five million a year. Okay, So on average, i'd expect

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him paying that ten percent tax on three to five

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hundred thousand dollars been coming year. Okay, so about forty

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percent of his comp on an annual basis is salary.

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The rest of it is paid in stock comp that

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comp vests on a five year schedule. So you just

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sit down and do the mask. He can make one

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and a half million dollars a year, and because he's

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getting paid in stock comp, which the company also receives

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benefits from, because the company doesn't have to realize or

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pardon me, it doesn't hit their cash and it sort

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of artificially inflates their earnings and they basically pass that

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cost on via delution to the shareholders. Okay, So basically

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I'm looking at a tax policy that will hit the

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biggest and richest corporations in the world that happen to

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be stationed here in Washington, not at all. And this

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is a tax that ninety five percent of it will

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be burdened and parried by the middle class and small

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business family with small business owners. It's just plain and simple,

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that's what it is. Why because we don't have the

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ability to issue common stock and get caught our comp

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via that way. This is another classic example. And when

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I say classic example, I'm really having camera issues. They'll

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have to forgive me. When I say classic example, I

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mean this is how all of these economic policies that

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the left passes. It's so many of their followers and

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a lot of the politicians. Right, it sounds good on

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the face of it. We're gonna you look as legislation

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and economic legislation and all these things get passed. What's happened.

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The gap between the rich and the poor continues to expand.

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At some point, you've got to sit there and go, guys,

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the road to hell is paid with good intentions. I

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don't think that the majority. That's key. I don't think

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the majority of you intend these outcomes. But you have

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to quit adhering to dogma and look at the reality

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on the ground. And here's what's going to happen, Todd.

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None of those people will pay the tax. This tax

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will end up being revenue neutral to revenue negative. And

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here's why very few people people are gonna actually pay

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the tax. A lot of guys like me that don't

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have the ability to play the billionaire game and issue

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shares of RSUs and dance around the compensation deal. We

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don't have the ability to do that. So what are

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we gonna do. We're gonna leave. Guess what we're gonna

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take with us our B and oh and our excise taxes. Okay,

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so you're gonna get virtually no new revenue via this

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tax because all the people that have to pay it

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are gonna leave and can virtually all of them. But

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you are gonna lose all of their B and O

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and excise taxes. For me at Bulwark, B and O

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and X SiZ taxes added up to I don't know

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the exact number, but I want to say it was

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about three to three hundred and fifty thousand last year.

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So they're not gonna get my quote unquote millionaires tax,

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and they're gonna lose three to three hundred and fifty

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thousand B and O and excise taxes.

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Speaker 1: That's that's I'll come back and say, well, now we

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need to have two percent raises of this. Now we

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need it to be a twenty five percent millionaire tax,

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and then we're gonna take it down to the seven

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hundred and fifty thousand dollars level. Then they're going to

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be coming at people who not yet they're paying two

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hundred and fifty thousand in bono taxes.

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Speaker 4: Yes, then they're gonna raise V and O tax yes,

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right right, and xis tax because we're not getting enough.

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And you look at him and go, oh my god, guys,

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you are the worst pattern recognition people in.

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Speaker 3: The world, or the best or the best.

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Speaker 4: Or the best. I really think the vast majority of

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these people in the state of Washington, I don't think

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that they have I don't think that they are nefarious enough.

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I think maybe Ferguson understands it, but I really think

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that this is just idiocy, cutting their nose off to

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spike their face. I don't think it's part of a

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grand master plan, because you're just they're gonna do. They're

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gonna do nothing other than just latch out tax revenue.

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Speaker 1: Okay, well, but what if I could come with a

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video from way back in two thousand and nine. What

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if I could come with a video of a guy

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who has made a little bit of money investing tiny

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bit and he talked about a managed decline. What if

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I could come in maybe throw that out there for

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your consideration. Okay, yeah, okay, So because I'll tell you something,

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I'll tell you about a case that I happen to

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know where you live now, I can't say, and we've

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been played a bunch of op sects. For instance, that

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screen behind Zac that's not real. You know, Zach's out

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on a yacht in the ocean, that's not real. But

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where you actually do live? I talked to a guy

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who owns three of the most beautiful Airbnb properties you've

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ever seen on that same body of water, and he

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asked me the same exact question.

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Speaker 4: And I know, I know who you're talking about.

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Speaker 3: Do you know what I'm talking about?

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Speaker 4: Yeah?

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Speaker 1: And then they've got their primary residence, which is insane

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and not far from those three homes, And he went

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through some math.

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Speaker 3: I'll tell you what his plan here at a second

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we're talking.

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Speaker 1: I was Zac Abraham, chief invest Officer Capital Managements, and

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you know who you're describing, Crookshank.

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Speaker 3: So Tim Krukshank's got a coffee company, Bone Frog Coffee.

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Speaker 1: And by the way, brother listen, friend to friend, brother

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to brother buy and I've been telling people not to,

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but he's going to stock up because my wife went

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and bought a hunter bags of the Spirit of seventeen

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seventy six coffee because it is the best, the best

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roast they've ever had. Make sure you get this two

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hundred and fiftieth year Happy Birthday America. Bonefrog Coffee dot

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com slash todd use promo code Todd. He's the guy

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they target. Tim's already looking at opening a retail store

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over here in Idaho. Why would he stay? He can't

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issue stock I mean, bone Frog's not to that point yet.

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Why would he stay. They lose his employees. They use

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his bono attacks. We gained that over here and in

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the same year that they do the Spirit of seventeen

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seventy six brand again. Bone Frog Coffee dot com slash

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todd promo codta. So it's talking to his friends and

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apparently you've met him. So maybe mutual friend, and I'm Zach.

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These houses he has, they are two of them are

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on a spit, so they've got water on both sides.

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Just phenomenal. Then the house above its view has a

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few of this house. Then they're primary residents. They've done

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so well in real estate. He is looking at leaving,

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selling those houses done, or giving them to nonprofits. Okay,

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so now they're nonprofit entities, So giving them to his church.

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So now they can house pastors and people who come.

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Speaker 3: And visit with the church. Okay, look at that. Then

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they come over here and buy and they're gone.

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Speaker 1: Except they're going to keep a tiny little apartment next

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to the church that they help run. And so now

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they're paying, you know, one thousand bucks a month for

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a tiny little studio apartment. And he wants to send

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your dictator, Bob ferguson a note saying you win.

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Speaker 4: Yeah, yeah, no, yeah, And here's the killer. You know.

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I don't want to leave, I know, but but like

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I told Brandy, our good friend, Brandy Cruz, I said,

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so this tax is a different one to me, and

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this one is a deal breaker for me. And the

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reason why is, like, and there's plenty of example to this,

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So it's not like this is new. Yeah, but this

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in particular tax is a direct violation of the constitutional

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law Washington State.

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Speaker 1: The Constutions says all taxes in Washington State income must

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be leveled equally against everybody.

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Speaker 4: Yep, yeah, basically saying that there will never be ethically

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amplicantly implying that there will never be an income tax.

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Speaker 2: Yeah.

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Speaker 4: So they are in direct violation of the law. A

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that is, I've got a problem with that. And then

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b there, I told Brandy, I said, this pushes it

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over the edge for me, because this is no longer

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a financial or a business decision. It's a moral decision

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because I will not let you illegally take from me

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what is mine to use against me and those that

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I love and against my values. I will not arm

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the gun that you would use to kill me in mind.

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I won't do it. You will lose my revenue. I

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am gone. I will maintain my beautiful home here so

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I can spend the five months out of the year here,

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and you will lose my excize tax. You will not

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get one ounce of my income. You will lose my

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b and O, and you win just like your buddy said,

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right done, I will not pay this tax.

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Speaker 1: And they don't see this coming, but they should because

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some of the people who fund their campaigns. This is

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back in the day two thousand and nine. George Soros,

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a world economic firm, young global leader. He's talking with

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Christoph frie Linz, who wanted to be a boss lady

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up in Canada. Listen to this or watch this.

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Speaker 4: What sort of a financial deal should Obama be seeking

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to strike when he traveled to China next month.

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Speaker 6: No, I think this would be the time, because you

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really need to bring China into the creation of a new.

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Speaker 4: World order, financial world order.

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Speaker 6: So I think you need a new world order that

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China has to be part of the process of creating it,

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and they have to buy in, they have to own it.

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And I think this would be a more stable one

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where you would have a coordinated policies.

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Speaker 4: Given this continued weakness in the US economy, are people

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right to start to be concerned about the dollar?

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Speaker 6: An orderly decline of the dollar is actually desirable. A

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decline in the value of the dollar is necessary in

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order to composite for the fact that the US economy

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will remain rather weak, China will emerge as the motor

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replacing the US consumer, so there would be.

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Speaker 4: A slow.

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Speaker 6: Decline in the value of the dollar, managed decline.

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Speaker 1: Zach, I mean, I guess the thing is that I

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would ask, is this guy funds a bunch of their campaigns.

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You said that your dictator, Ferguson might know what's going on.

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I think he does because he's probably the most dangerous,

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second only to Waltz governor in the country, most dangerous

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because he's smart. Gavin Newsom's not that smart. He funds

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guys like this, and here he is saying that a

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managed decline of the US dollars not only necessary but desirable.

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Speaker 3: Okay, A, how do.

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Speaker 1: You respond to a guy who says that in two

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thousand and nine and b you don't think this is

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locked into some of their ideas?

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Speaker 4: No, I think it certainly is, but I don't think

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I think you've got to kind of look at it

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in a by a bipolar way for lack of a

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better term, meaning, I think there are those that do

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see what you're talking about, in the intentionality behind it

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and the purpose behind it, but I think the vast

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majority of them go along with it because it passes

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this It sounds good, right, like we want to live

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in an imaginary world. Well, yeah, let it. We need

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more revenue, but let the rich people, right, the vast

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majority of them, to go along with it, because it's

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you know, the age, old age, old trick.

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Speaker 2: Right.

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Speaker 4: We're going to defer all that to the quote unquote

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reacent people. What he said about the dollar, what's funny

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to me is that he said it in two thousand

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and nine, meaning he was clearly way out ahead of

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the curve. Yeah, where we sit now, for economic reason,

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we actually do need to appreciate the value of the dollar,

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because that's really going to be the Trump said yesterday

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he's in favor of a strong dollar. He said that

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simply because the dollar got freaking kneecapped. I mean, we

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were down one point four percent in a single day.

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That is the dollar getting pounded. The administration can say

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whatever they want. I am telling you behind the scenes,

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they would concur for different reasons, at a different pace

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and a different rhythm, but they would concur we want

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a weaker dollar. If they don't have a weaker dollar,

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bringing back manufacturing here isn't viable.

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Speaker 3: Case.

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Speaker 1: Got to explain that because we've been taught our whole lives.

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We want a strong dollar. I hear sorrows, and I

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hear a guy who hates our country wants to see

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it destroyed. Now he has said America needs to be

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taken down a few notches. He is actively seeking to

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destroy this country. Yes, with all his foundations and and

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you know, open air drug use and prosecutors to what

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prosecute crime. So when I hear that coming out of

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his mouth, then I want to My instant instinct is, Okay,

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that's him speaking evil. But you are not the same, dude.

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You're a guy who follows the Lord and abides and

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you don't want evil, So you gotta you gotta explain this.

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Speaker 4: So this doesn't look there's the ideal way of handling it,

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in my opinion, and there's gonna be a lot of

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debate around that. Then there's the practical way, right injecting

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the politics and things that we know have to take place.

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Meaning you know, there's always this thing in government where

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it's like, hey, okay, we've got this issue, We've got

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a way to solve this issue. We can fix it,

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and we can fix it in ten years. Then the

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next question is is it politically viable. Right, like's if

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we work inside of that constraint.

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Speaker 2: Right.

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Speaker 4: So what I mean by that is saying, if we

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do not, if the dollar is not weaker. The other

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thing I think we have to acknowledge is the dollar

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is very much right now on the high side of

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historical norms. Okay, it really is. It's weird to say,

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but everybody needs to understand that inflation is not necessarily

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the dollar losing power. Like with the kind of inflation

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we're having right now, virtually every currency of losing purchase

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and power. Okay, So the dollar is not losing compared

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to other currencies. It has been a little bit recently.

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But like I said, you look at the high range.

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I mean, we were coming off of a DXY level

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the Dollar index at one fifteen, with the highest range

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in the last couple of years. Okay, you go back

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to the year two thousand. The highest level over the

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last twenty five thirty years for the DXY is like

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one twenty three, So you're really far up there. If

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you want to bring manufacturing back, you've got to have

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the dollar weaker against other currencies or it won't be

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viable to it won't be viable, meaning the cost to

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produce things here will outpace any economic advantage you get

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by producing them here. They will be too expensive for

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people to buy in other places. Right, So it's why

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people were outsourcing to China anyway. So what you need

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to do now. Then on top of it, you've got

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this weird scenario where we're drounding in the most amount

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of debt we've ever had, one hundred and thirty percent

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debt to GDP. We're running seven percent fiscal deficits per year,

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which is out of this world.

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Speaker 2: Right.

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Speaker 4: And at the same time, one of the biggest impediments

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to bring manufacturing back to the United States is the

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dollar being strong. Right, So it's a weird world that's

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been created by central banks printing money out of thin

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air to boost the economy. The reason the dollar's been

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strong is it's the only economy that could print in

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adam fin item and not suff for currency degradation. So

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think about it. If you have a reserve currency, that

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is the one currency that everybody has to own, therefore

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making it the one currency that can print as much

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as it wants. In a weird, perverse world, that currency

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becomes the most highly valued right. So the way you

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get out of all the debt, there's two ways to

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handle this from a from a from an economic point

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of view, you do it the hard way, meaning you

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cut back spending, and based on the orgy of spending

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that we've had over the last twenty five years, that

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will undoubtedly cause a nasty recession which isn't going to

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be politically viable. Whoever does that will get it bousted

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out office because nobody wants to deal with it right.

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Or you take the path, which what we're taking is

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the other way you deal with too much debt is

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you decrease the value of the dollar you buy. Then

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you flip side. Is you ramp up GDP on on

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an you know, on an inflation adjusted basis that doesn't

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go higher, but you see nominal growth rates between seven

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and nine percent. You try to hold spending steady and

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you grow the economy versus the spending. And now that's

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easy to say, how often does it work. It never

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works as good as you lay it out, because the

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government's very rarely freeze spending, right. So what you usually

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end up having these types of dynamics are what typically

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leads to hyperinflation. So look, I mean, at the end

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of the day, the dollar being worth zero is an

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inevitable outcome. Every Fiat currency goes to zero eventually. I

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don't think that that is anywhere near in the future.

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But the flip side is is, at least on a

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financial level, that's a really easy risk to hedge. So

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you know, it's it's it's despicable. But where I was

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going with that when I said that, I don't think

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that the average person understands what we just laid out

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right there. That's pretty thick in the weeds economic ways

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of thinking about it, right, It's pretty wonkish the average person.

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You know, even when I listen to a Bob Ferguson talk,

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he doesn't understand what I'm just talking about. I'm convinced

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of that. And the reason why I say this thought

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is that you get involved in enough of these conversations,

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and I think it's a referendum on our education system. Honestly,

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when you sit down with a lot of these very intelligent,

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very educated, especially liberal leaning people, and you get into

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the world of finance and economics, what you quickly understand

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is they know only sound bites. They are economically illiterate

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and and I don't say that as a dog on them, right,

390
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I don't say that ripping them. I say it because

391
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it's one of those things where I look, I hear

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again there are the bad actors that have nefarious intentions,

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the vast majority. I hear them talking, and I go,

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I understand what it is that you're trying to do.

395
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You do not understand that you are going to engender

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the exact opposite outcome that you think you're going to get.

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And here's why you don't understand the way economics work.

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Speaker 3: And it's live a.

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Speaker 1: Put an explanation put in this at least you know

400
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from a simpleton's perspective. There was a woman who married

401
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into our family, and this is you know, decades to go.

402
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And she and I used to be good friends. She's

403
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a little older, fifteen years older than me, but we

404
00:21:06,599 --> 00:21:11,400
were good friends. And then politics entered and there was

405
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a divorce, and you know, and she left the family,

406
00:21:14,079 --> 00:21:17,359
and you know, I don't believe her friends anymore. On

407
00:21:17,400 --> 00:21:21,480
a Facebook argument that went to a private message, so

408
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this isn't things other people were seeing. She said to

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me about high income taxes, I was talking about profits.

410
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She said, here's my question. By the way, Zach, this

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00:21:34,720 --> 00:21:39,839
woman has two master's degrees, okay, from Stanford too. She

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consults companies on hiring, and she consults colleges.

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Speaker 3: And schools on curricula.

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Speaker 1: And at a high level question, she goes, here's what

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I truly don't understand. Why does the business every need

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to earn a profit?

417
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Speaker 3: That's that's that's and that was.

418
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Speaker 1: A legit question. She did not understand what profits were

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00:22:03,839 --> 00:22:07,440
or why you would incentivize businesses to be able.

420
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Speaker 3: To earn them. That's the level of.

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Speaker 1: Incompetence that exists within that. And I had to write

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back to her and say, why do you think people

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are in business?

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Speaker 4: Well why, more importantly, what do you think led to

425
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the collapse of the Soviet Union? You had a lot

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of businesses that didn't create profits?

427
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Speaker 3: Are right?

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Speaker 4: You want to look I want to look at her

429
00:22:32,119 --> 00:22:35,920
and go, ma'am, the world you just described is a

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liberal's worst nightmare. Nobody has anything, There is zero productivity.

431
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Everything is falling apart when you see and here's the problem.

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The all of their legislation inadvertently, and I think for

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the vast majority of them it's unintended. All of their

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legislation does it not only squeeze small business, it keeps

435
00:23:01,279 --> 00:23:05,839
giving the massive corporations the advantage. And they and the

436
00:23:05,880 --> 00:23:10,240
majority of those politicians do not get it. And I'm like, guys,

437
00:23:10,559 --> 00:23:12,799
they're the So what are you going to do when

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00:23:12,839 --> 00:23:16,160
those businesses leave the state of Washington. Guess who's going

439
00:23:16,240 --> 00:23:20,319
to fill in their place? The massive corporations that will

440
00:23:20,359 --> 00:23:22,920
get larger. Guess what a lot of Guess what a

441
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lot of small family owned farms are going to do.

442
00:23:25,480 --> 00:23:27,440
And ranchers are going to do. They're going to sell

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out who they're going to sell to the big boys, right,

444
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And they they don't get it. And the big boys

445
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can summach it because if it's one of the thirty

446
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eight locations they have nationwide. Yeah, right, that's fine. We'll

447
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make a little less profit over here, but we'll make

448
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up for it over here. The mom and pop can't

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do that.

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Speaker 1: And you know and I know that if our mutual

451
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friend were to sell their four homes on the water

452
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there where you live, and they were all available at

453
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the same time, do you think it's going to be

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individual first up to go buy those things.

455
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Speaker 4: No?

456
00:24:02,359 --> 00:24:04,000
Speaker 3: No, you're talking.

457
00:24:03,680 --> 00:24:06,720
Speaker 1: About millions and millions and millions of dollars of real estate,

458
00:24:07,160 --> 00:24:08,680
and you'd have one of the bigs coming and go, oh,

459
00:24:08,759 --> 00:24:11,880
looks like we've have to do four new Airbnb locations.

460
00:24:11,880 --> 00:24:13,400
One of them we can split up into four. Now

461
00:24:13,440 --> 00:24:17,359
we'd have eight brand new Airbnb locations. And that's exactly

462
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what they do. So there's another story that came out

463
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of the separate country of Washington State. And I want

464
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to look at this from I think the most challenging perspective,

465
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which is as a Christian business owner.

466
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Speaker 3: So and we are you know this is Zach. That

467
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one of the big things.

468
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Speaker 1: You might hear this from time and sometimes in business

469
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you might hear business owners say, look, church's church, business

470
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is business.

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Speaker 3: So I'll go out and.

472
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Speaker 1: Be a Christian when I'm out in church and doing

473
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those things. But when it's behind the scenes and it's

474
00:24:47,519 --> 00:24:49,920
running my business, hey, I need to handle that as

475
00:24:50,079 --> 00:24:52,960
as a man, right, not as a Christian. So we'll

476
00:24:52,960 --> 00:24:55,400
dig into this yere to second with Zach Abraham. I

477
00:24:55,440 --> 00:24:58,839
was speaking to that the Christian reality of running a business.

478
00:24:58,839 --> 00:25:03,000
You know, our friends at renew Healthcare and u Dot

479
00:25:03,000 --> 00:25:06,319
Healthcare in port of out to Mexico, they were approached

480
00:25:06,400 --> 00:25:12,640
about using fetal stem cells. And the answer was not

481
00:25:12,680 --> 00:25:15,039
even a we'll look at it or we'll think about it.

482
00:25:15,039 --> 00:25:18,400
It was a hard no, can't, won't one or know

483
00:25:18,440 --> 00:25:21,799
why because Steve Anderson, the managing partner there is the

484
00:25:21,839 --> 00:25:28,519
product of adoption out of a he was not adopted young.

485
00:25:29,200 --> 00:25:30,240
Speaker 3: He was in an orphanage.

486
00:25:30,799 --> 00:25:33,640
Speaker 1: He was in an orphanage, and he was adopted out

487
00:25:33,680 --> 00:25:35,599
of orphanage I believe when he's four or five years

488
00:25:35,640 --> 00:25:39,000
old and ended up living with a family who became

489
00:25:39,039 --> 00:25:42,519
his mom and dad. And this is in Iowa, so

490
00:25:42,839 --> 00:25:47,160
hard no for him. Likewise, he's being offered all sorts

491
00:25:47,160 --> 00:25:51,119
of money to relocate renew up here. Okay, look, you've

492
00:25:51,119 --> 00:25:53,720
got the system, you've got the template, you're the most

493
00:25:53,759 --> 00:25:56,039
successful in North America. Just come up here and do it.

494
00:25:56,160 --> 00:25:59,839
No hard, no why because he himself would not put this.

495
00:26:00,000 --> 00:26:02,279
Them cells that are availed the United States allographs in

496
00:26:02,319 --> 00:26:05,279
his body and he gets stem cells. He just got

497
00:26:05,279 --> 00:26:07,799
a treatment because his back was so messed up. He

498
00:26:07,839 --> 00:26:10,079
couldn't play his you know him in golf. He couldn't

499
00:26:10,079 --> 00:26:11,680
play golf. So Steve just went down. He got the

500
00:26:11,680 --> 00:26:15,279
treatment basically you got, but with more vertebra Zach. So

501
00:26:15,359 --> 00:26:18,759
he was offered that and no, can't do it. So

502
00:26:19,160 --> 00:26:22,680
his spirituality, his guidance, his knowledge of his own body

503
00:26:23,119 --> 00:26:25,119
keeps him down in port of our New Mexico. Which

504
00:26:25,160 --> 00:26:27,519
is to tell you that the stem cells up here

505
00:26:27,519 --> 00:26:28,640
I would not put in my body.

506
00:26:28,759 --> 00:26:30,440
Speaker 3: Look, guys, I had an opportunity to start.

507
00:26:30,319 --> 00:26:33,480
Speaker 1: A stem cell clinic up here, Okay, and I'm talking

508
00:26:33,519 --> 00:26:35,640
about money in I wouldn't have had to put any

509
00:26:35,680 --> 00:26:40,039
capital down, just promote it. I can't so whether it's

510
00:26:40,039 --> 00:26:43,559
something cosmetic like instead of getting cow toxins in your

511
00:26:43,599 --> 00:26:47,599
face botox, get the stem cells in your face, regrow

512
00:26:47,680 --> 00:26:51,160
the cells, male pattern bald this same thing ed, same

513
00:26:51,200 --> 00:26:53,480
thing to stuff that limits movement, like your back like

514
00:26:53,559 --> 00:26:56,279
Zach had and I had. It's renewed and you et

515
00:26:56,319 --> 00:26:59,319
healthcare renew r e and you eat healthcare. Please you

516
00:26:59,319 --> 00:27:01,680
to tell him you're part of the tod Her Michelle family. So,

517
00:27:01,759 --> 00:27:05,960
Zach Abraham, chief investment officer Bulwerck Capital Management, joins us

518
00:27:06,039 --> 00:27:08,920
and Zach, this is a news story out of your region.

519
00:27:09,720 --> 00:27:10,839
Speaker 3: I want are in the whole thing.

520
00:27:11,039 --> 00:27:12,920
Speaker 1: Because there were people who found out about this or

521
00:27:12,960 --> 00:27:16,319
the news. I know people who work at Amazon. They

522
00:27:16,359 --> 00:27:19,160
did not get the email. They got the news story.

523
00:27:19,240 --> 00:27:21,960
Speaker 5: I think now it's happening again, another major round of

524
00:27:22,039 --> 00:27:23,640
layoffs and now says morning by.

525
00:27:23,519 --> 00:27:25,920
Speaker 4: Seattle based Amazon. Steve is at the Live dust tracking

526
00:27:26,000 --> 00:27:28,640
the overnight developments and how this will affect workers around

527
00:27:28,680 --> 00:27:29,079
the globe.

528
00:27:29,119 --> 00:27:32,039
Speaker 5: And if you're watching reridit over the past couple of weeks,

529
00:27:32,119 --> 00:27:35,359
you've likely seen that this was coming and was expected today.

530
00:27:35,440 --> 00:27:38,480
So live pictures coming in from the Amazon spheres. This

531
00:27:38,559 --> 00:27:41,680
is in Seattle's Southlak Union neighborhood. The company confirming earlier

532
00:27:41,720 --> 00:27:45,039
this morning it is cutting sixteen thousand jobs worldwide, and

533
00:27:45,039 --> 00:27:47,880
the second major round of layoffs at the Seattle based

534
00:27:47,880 --> 00:27:49,759
company in just the past three months. So one of

535
00:27:49,759 --> 00:27:52,880
the company's executives confirming the move in this new letter.

536
00:27:52,920 --> 00:27:55,960
This was posted on Amazon's news website early this morning.

537
00:27:56,000 --> 00:27:57,359
Speaker 4: So let's dig into the numbers here.

538
00:27:57,799 --> 00:28:01,240
Speaker 5: Those new layoffs are Amazon's biggest since twenty twenty three,

539
00:28:01,720 --> 00:28:05,079
when the company cut twenty seven thousand jobs. Last October,

540
00:28:05,119 --> 00:28:08,880
will remember Amazon slashed fourteen thousand white collar jobs that,

541
00:28:09,039 --> 00:28:12,640
combined with this new round of layoffs this morning, represents

542
00:28:12,720 --> 00:28:16,119
a small portion of the company's one point six million employees.

543
00:28:16,160 --> 00:28:19,559
But nearly ten percent of its corporate workforce. The move

544
00:28:19,599 --> 00:28:23,200
comes as Amazon restructures after over hiring during the COVID

545
00:28:23,240 --> 00:28:26,759
nineteen pandemic and looks to expand its adoption of artificial

546
00:28:26,759 --> 00:28:30,279
intelligence tools. Are we expected to affect workers and Amazon

547
00:28:30,319 --> 00:28:31,079
Web services?

548
00:28:31,440 --> 00:28:35,319
Speaker 1: So then they mentioned the AI overstaffing during the COVID

549
00:28:35,359 --> 00:28:38,319
lockdowns because of course everyone's gone back into physical shopping,

550
00:28:38,319 --> 00:28:42,119
which I don't believe, and then looking to invest in AI.

551
00:28:42,759 --> 00:28:45,400
So number one, you are on this, you track AI.

552
00:28:45,440 --> 00:28:48,039
You're doing this in your webinar coming up January twenty nine,

553
00:28:48,079 --> 00:28:51,480
three point thirty. How much of this in your intel

554
00:28:51,960 --> 00:28:53,759
is about AI? And then I want to look at

555
00:28:53,759 --> 00:28:56,599
this from a perspective of a Christian business owner and

556
00:28:56,799 --> 00:29:00,000
AI being a reality, should we as Christians even get

557
00:29:00,119 --> 00:29:01,839
into this? So do you think this is related AI?

558
00:29:03,240 --> 00:29:08,839
Speaker 4: Yeah? Look, I think the corporate corporate moves like this always. Yeah,

559
00:29:08,920 --> 00:29:11,880
you and I talk about this. There's it's never one thing, yeah, right,

560
00:29:13,559 --> 00:29:16,559
But what I think is that and and this is

561
00:29:16,599 --> 00:29:19,640
the argument I've been making about the moves that Washington

562
00:29:19,640 --> 00:29:23,039
State is doing. They're making it too easy to leave,

563
00:29:23,119 --> 00:29:27,400
They're making it too easy to eliminate employees. Meaning if

564
00:29:27,400 --> 00:29:29,680
you're looking at Amazon right now, and let's say we're

565
00:29:29,720 --> 00:29:32,640
sitting in that boardroom with them, Yeah, it's not should

566
00:29:32,640 --> 00:29:36,880
we do it? Does anybody have a reason we shouldn't? Okay,

567
00:29:36,920 --> 00:29:40,440
you know what I mean. And when you're passing the

568
00:29:40,559 --> 00:29:45,000
kind of legislation that this state is passing, they already

569
00:29:45,039 --> 00:29:47,599
chase the founder of Amazon out of the state. Effectively,

570
00:29:48,359 --> 00:29:51,920
you're looking at Yeah, you're looking at Amazon and going, guys, look,

571
00:29:52,240 --> 00:29:56,599
it's very clear that the legislature, the legislature here isn't favorable.

572
00:29:56,079 --> 00:29:58,519
Speaker 3: To us, to the individuals.

573
00:29:59,000 --> 00:30:01,720
Speaker 4: Yeah, if we like, for instance, if you're Amazon and

574
00:30:01,839 --> 00:30:04,839
you want to trim staff because of AI and all

575
00:30:04,839 --> 00:30:06,240
that kind of stuff, where are you gonna Where are

576
00:30:06,279 --> 00:30:08,920
you gonna trim? They got places all over the world.

577
00:30:08,920 --> 00:30:09,759
I'm gonna trim here.

578
00:30:11,039 --> 00:30:14,279
Speaker 1: So okay, this is an important point. So why why

579
00:30:14,279 --> 00:30:16,119
not trim around the world. We're gonna trim here because

580
00:30:16,119 --> 00:30:18,240
they hate us here, because they make it easy here,

581
00:30:18,240 --> 00:30:19,559
because the math doesn't work here.

582
00:30:20,039 --> 00:30:22,839
Speaker 4: Yeah, ye're right, And and it's and it's you know,

583
00:30:23,599 --> 00:30:25,279
the other thing you look at is it's a place

584
00:30:25,279 --> 00:30:27,519
for the really highest standard of living. So all the

585
00:30:27,559 --> 00:30:31,759
people that you have here are probably your highest paid employees. Right,

586
00:30:31,839 --> 00:30:33,839
So like you're looking at and go and that's what

587
00:30:33,880 --> 00:30:36,119
these people don't understand. I'm sitting there going, you, guys,

588
00:30:36,519 --> 00:30:40,920
you are making yourself ground zero for people leaving, for

589
00:30:41,119 --> 00:30:45,240
people losing their jobs. Yeah, like just you keep passing

590
00:30:45,480 --> 00:30:48,960
wave Starbucks and shutting down locations Starbucks is probably right.

591
00:30:49,039 --> 00:30:51,759
These are companies that are from Seattle. Why are they

592
00:30:51,799 --> 00:30:55,559
doing this? Because they need to because they've got to

593
00:30:55,559 --> 00:30:58,960
fiduciary responsibility to their shareholders. And you're sitting there looking

594
00:30:58,960 --> 00:31:01,160
at those companies, going, guys, why do you have a

595
00:31:01,200 --> 00:31:04,119
presence in a state that is determined could drive you out?

596
00:31:04,359 --> 00:31:07,920
Like capitulate like you said, like your buddy said, send

597
00:31:07,920 --> 00:31:09,720
the note to the governor and say you win.

598
00:31:10,079 --> 00:31:10,480
Speaker 3: I'm gone.

599
00:31:10,599 --> 00:31:10,799
Speaker 2: Yep.

600
00:31:11,000 --> 00:31:14,839
Speaker 1: So yep, this is something that I look at a

601
00:31:14,839 --> 00:31:17,440
lot now with AI because you know, my producer Alex

602
00:31:17,480 --> 00:31:19,359
is sitting across from us, is a very good friend

603
00:31:19,359 --> 00:31:21,319
of mine, and he's been with me since the radio days.

604
00:31:22,079 --> 00:31:23,559
He was kind of enough to come to me and

605
00:31:23,640 --> 00:31:25,559
say one day, you know that you could replace a

606
00:31:25,559 --> 00:31:28,799
lot of what I do with AI. And I said, yeah,

607
00:31:28,839 --> 00:31:31,759
but not your soul. Something like that. Not your talent,

608
00:31:31,880 --> 00:31:34,119
not the time we spend together in the studio, not

609
00:31:34,200 --> 00:31:36,559
someone who helps me think through segments or puts up

610
00:31:36,599 --> 00:31:39,359
great story suggestions. A couple of things you know we're

611
00:31:39,400 --> 00:31:42,400
doing this week only came from Alex's mind and his creativity.

612
00:31:43,160 --> 00:31:47,599
Speaker 3: So and also, as a Christian, I question whether Christian

613
00:31:47,640 --> 00:31:49,319
business owners can fully give into AI.

614
00:31:50,640 --> 00:31:53,000
Speaker 1: Even if an AI could sit in the studio and

615
00:31:53,480 --> 00:31:55,519
edit things and steer the cameras in the right way,

616
00:31:55,599 --> 00:31:57,279
or I didn't even need to go into the studio.

617
00:31:57,960 --> 00:32:01,000
I mean, Zach, your guy who abides with God, you

618
00:32:01,079 --> 00:32:04,640
know you, you know God has blessed you guys, And

619
00:32:04,839 --> 00:32:08,480
you're in a business where how many how many quants

620
00:32:08,599 --> 00:32:10,079
in people could you replace with AI?

621
00:32:13,200 --> 00:32:18,400
Speaker 4: Truthfully? And I've thought a little bit about this. By

622
00:32:18,480 --> 00:32:23,599
deploying AI, and if I was looking for just pure efficiency,

623
00:32:23,680 --> 00:32:25,960
I could probably knock seven hundred and fifty thousand a

624
00:32:26,000 --> 00:32:26,759
year off my payroll.

625
00:32:28,079 --> 00:32:31,960
Speaker 1: Yeah, yeah, and so and the point I have my

626
00:32:32,000 --> 00:32:34,440
money with you, most of my money. Why am I

627
00:32:34,480 --> 00:32:36,319
not saying, will Zach do that and return the savings

628
00:32:36,319 --> 00:32:36,519
to me?

629
00:32:40,079 --> 00:32:43,400
Speaker 3: Well, I'll tell you why. Can I tell you why?

630
00:32:43,759 --> 00:32:44,960
Because I don't want to be around you?

631
00:32:46,359 --> 00:32:48,680
Speaker 1: Yeah, we start making those trades. I'll tell you why, Zach,

632
00:32:48,799 --> 00:32:51,680
is because I know some of your team. Yeah, And

633
00:32:52,440 --> 00:32:54,160
I'll tell you further, I don't trust Ai.

634
00:32:55,240 --> 00:32:55,400
Speaker 4: No.

635
00:32:55,559 --> 00:32:56,799
Speaker 1: One of the reasons I want to be with you

636
00:32:56,839 --> 00:32:58,559
is because you have the struggle. Other people don't have

637
00:32:58,559 --> 00:33:01,000
the struggle. Maybe its because they'd don't have God their life.

638
00:33:01,720 --> 00:33:05,759
Speaker 4: Well, it's also because of what you what you referenced

639
00:33:05,759 --> 00:33:08,680
earlier about you know, what is a Christian business owner

640
00:33:08,759 --> 00:33:10,799
and you know there's my church life and there's my

641
00:33:10,839 --> 00:33:14,359
business life. With all due respect to everybody that thinks

642
00:33:14,400 --> 00:33:18,240
that I get where you're coming from, I just think

643
00:33:18,279 --> 00:33:21,240
that that is one hundred percent backwards. I think the

644
00:33:21,279 --> 00:33:24,400
Bible talks about it very specifically. And I'll give you

645
00:33:24,400 --> 00:33:26,319
a perfect people like, what do you mean the Bible

646
00:33:26,359 --> 00:33:30,000
talks about specifically it. You know, it lifts up people

647
00:33:30,039 --> 00:33:32,279
that are the most productive. It does, But you're forgetting

648
00:33:32,279 --> 00:33:35,880
a certain verse where it talked about when your crops

649
00:33:35,920 --> 00:33:39,000
are overflowing, do you build up another storehouse?

650
00:33:39,759 --> 00:33:39,960
Speaker 2: Right?

651
00:33:40,000 --> 00:33:43,680
Speaker 4: So I look at cutting back headcount for AI, that's

652
00:33:43,720 --> 00:33:46,119
building up another storehouse in my opinion.

653
00:33:46,160 --> 00:33:47,960
Speaker 3: Well, and you can also look at it as withholding

654
00:33:48,400 --> 00:33:49,480
wages from the workers.

655
00:33:50,359 --> 00:33:53,200
Speaker 4: Yeah, yeah, that's that too. The other thing is is

656
00:33:53,240 --> 00:33:56,960
that and I firmly believe this, and I think this

657
00:33:57,039 --> 00:33:58,599
is going to be the true. I think this is

658
00:33:58,640 --> 00:34:03,559
going to be true for investing probably into perpetuity, I think,

659
00:34:05,720 --> 00:34:10,360
with some exceptions, but the team aspect of things cannot

660
00:34:10,400 --> 00:34:12,760
be overlooked in my opinion. You know, I think we

661
00:34:12,800 --> 00:34:17,559
all know this, right, yeah, just because everything always looks

662
00:34:17,599 --> 00:34:20,559
so neat on spreadsheets, dollars and cents, more profit, all

663
00:34:20,559 --> 00:34:23,360
that kind of stuff. But what about the collaboration. You

664
00:34:23,400 --> 00:34:27,440
know how many times I probably spend between an hour

665
00:34:27,480 --> 00:34:30,119
and a half to two hours a day just sitting

666
00:34:30,199 --> 00:34:33,639
in an office with my guys and just talking about things, right,

667
00:34:33,760 --> 00:34:36,000
just throwing around ideas, doing all that kind of I

668
00:34:36,039 --> 00:34:37,800
can't do that with AI, right.

669
00:34:38,079 --> 00:34:40,480
Speaker 1: Right, And it's not good that man is alone and

670
00:34:40,559 --> 00:34:42,840
it's fools that make decisions on their own. A wise

671
00:34:42,840 --> 00:34:45,559
person seeks wise counsel and the wise counsel of fellow

672
00:34:45,639 --> 00:34:49,679
human beings, right right. But look, here's here's a reality

673
00:34:49,719 --> 00:34:52,320
that as a guy who tries to put God's word

674
00:34:52,320 --> 00:34:55,000
at the center of everything we do, tries to get

675
00:34:55,000 --> 00:34:56,480
out of my way trying to do this.

676
00:34:56,559 --> 00:34:59,840
Speaker 3: Here so I'm writing.

677
00:34:59,599 --> 00:35:04,800
Speaker 1: A book and I speak forty hours a week or more,

678
00:35:05,519 --> 00:35:08,199
so there's a bunch of content I've spoken. And I

679
00:35:08,239 --> 00:35:10,920
found out that there is a transcription service I'm using,

680
00:35:10,920 --> 00:35:12,599
so I put the audio up there and Alex helped

681
00:35:12,599 --> 00:35:15,079
me introduce me to this, so it listens to the audio,

682
00:35:15,119 --> 00:35:19,159
it transcribes it. I put it into an AI and

683
00:35:19,239 --> 00:35:22,079
I said, here's your task. I gave it a good prompt.

684
00:35:22,199 --> 00:35:26,320
You are a ghost writer working with a nationally reconized

685
00:35:26,440 --> 00:35:28,320
national radio talk show host, Christian.

686
00:35:28,679 --> 00:35:30,119
Speaker 3: I gave it a good, solid prompt.

687
00:35:30,920 --> 00:35:34,840
Speaker 1: And you are taking this and not changing it just

688
00:35:34,880 --> 00:35:37,440
to change it, but you're taking an audio presentation and

689
00:35:37,480 --> 00:35:41,320
making it more presentable for reading. And zach what it

690
00:35:41,320 --> 00:35:44,519
spit back at me was actually pretty good. And then

691
00:35:44,559 --> 00:35:49,280
I said, the asides and the things that this host

692
00:35:49,360 --> 00:35:54,199
draws during the program, those are not bugs. Those are

693
00:35:54,239 --> 00:35:57,199
features of the way he does his show. And it

694
00:35:57,800 --> 00:36:01,039
so changed that it went back and said, okay, and

695
00:36:01,079 --> 00:36:02,679
now change it. Now I'm looking at this going that

696
00:36:02,800 --> 00:36:06,920
sounds like me. And then Zachett said this after a

697
00:36:06,920 --> 00:36:11,159
couple of chapters, and it came back and said, would

698
00:36:11,159 --> 00:36:14,840
you like And it says me to highlight some of

699
00:36:14,880 --> 00:36:19,679
the repeated motifs that are appearing in this and some

700
00:36:19,719 --> 00:36:25,519
of the repeated parables the host is sharing and some

701
00:36:25,639 --> 00:36:28,400
of the themes, would you like them to highlight it?

702
00:36:28,679 --> 00:36:31,239
And then the AI said this because what you're writing

703
00:36:31,400 --> 00:36:36,119
is very important. It's really personal. It's really going to

704
00:36:36,199 --> 00:36:38,119
help a lot of people. It's not just a book.

705
00:36:39,239 --> 00:36:42,280
It's a way of thinking about living for God. This

706
00:36:42,360 --> 00:36:46,719
isn't this is this is software speaking to me and

707
00:36:46,880 --> 00:36:50,480
it's crazy, dude, It is crazy, and I refuse to

708
00:36:50,599 --> 00:36:54,320
call it you. I always say, can this AI, this

709
00:36:54,400 --> 00:36:57,639
AI do this? And when I started to act that way,

710
00:36:58,119 --> 00:37:03,679
it backed off. It just began doing the tasks until

711
00:37:03,719 --> 00:37:06,440
I got like six or seven chapters in and went back,

712
00:37:06,559 --> 00:37:10,239
can this AI analyze the body of work compared to this?

713
00:37:10,880 --> 00:37:13,119
And then it started to interact with me again, or

714
00:37:13,159 --> 00:37:15,719
you know, pretend to interact. So here's where I'm at

715
00:37:15,760 --> 00:37:19,239
with my heart. I can't release this book without telling

716
00:37:19,239 --> 00:37:22,800
people there was an AI assist in this. But I

717
00:37:22,880 --> 00:37:28,840
also cannot imagine a world where I would completely surrender

718
00:37:29,079 --> 00:37:32,079
to AI, because Zach I could have put everything up there.

719
00:37:32,079 --> 00:37:35,159
I could have the book done by now. Oh yeah, okay,

720
00:37:35,559 --> 00:37:41,360
but I see ads every day on Facebook have a book.

721
00:37:41,159 --> 00:37:43,039
Speaker 3: Written in forty hours.

722
00:37:43,519 --> 00:37:46,199
Speaker 1: And I had someone get in touch with me who said,

723
00:37:46,320 --> 00:37:49,760
given the massive content you have, if you would just

724
00:37:49,840 --> 00:37:52,599
let me write an algorithm and crawl the database of

725
00:37:52,639 --> 00:37:54,960
your content, I know I could come out and write

726
00:37:55,000 --> 00:37:58,199
three books for you, and I could have it done

727
00:37:58,199 --> 00:37:59,559
in a matter of weeks.

728
00:38:00,199 --> 00:38:03,079
Speaker 3: As a Christian man, can I do that? And as

729
00:38:03,079 --> 00:38:05,000
a Christian man, can you ever back?

730
00:38:05,239 --> 00:38:05,559
Speaker 4: Would you?

731
00:38:05,760 --> 00:38:07,039
Speaker 3: Would you ever back me doing that?

732
00:38:08,440 --> 00:38:11,440
Speaker 4: It depends on how you did it. I mean, meaning

733
00:38:11,599 --> 00:38:14,280
if you edited it carefully and really ensured and went

734
00:38:14,320 --> 00:38:17,400
through and made sure it was really your words right,

735
00:38:17,440 --> 00:38:19,159
Because all the AI is going to be doing is

736
00:38:19,199 --> 00:38:21,880
scrubbing for you. So I'm effectively the AI is doing

737
00:38:21,920 --> 00:38:25,519
the job of just consolidating a bunch of things. You said,

738
00:38:25,920 --> 00:38:28,239
I would have no problem with that personally, being a

739
00:38:28,280 --> 00:38:31,000
friend and a listener of yours. It wouldn't stop me

740
00:38:31,039 --> 00:38:33,599
from reading it. I wouldn't have a problem with that

741
00:38:33,639 --> 00:38:37,199
at all. Now there there goes a point, and I

742
00:38:37,239 --> 00:38:39,440
think that this is really kind of a you know,

743
00:38:39,480 --> 00:38:42,880
there's this this this sticky part about understanding the way

744
00:38:42,920 --> 00:38:45,639
that we're you know, we have to be in the world,

745
00:38:45,639 --> 00:38:46,400
but not of it.

746
00:38:46,519 --> 00:38:46,800
Speaker 2: Right.

747
00:38:48,039 --> 00:38:53,360
Speaker 4: So if now, if we flip around and you just

748
00:38:53,400 --> 00:38:56,559
start feeding it every source of content you've ever given it,

749
00:38:56,840 --> 00:38:59,039
and the goal is to punch out as many things

750
00:38:59,079 --> 00:39:03,519
as you can possibly sell. Now, I think that you're

751
00:39:03,639 --> 00:39:07,199
not being a genuine provider of content to your listeners.

752
00:39:08,360 --> 00:39:12,119
And more importantly, I think now we're hustling. If you

753
00:39:12,239 --> 00:39:13,480
did that, why did you do that?

754
00:39:13,920 --> 00:39:14,119
Speaker 2: Right?

755
00:39:14,239 --> 00:39:17,280
Speaker 4: You did it with just one reason only, right, Yeah, my.

756
00:39:17,320 --> 00:39:19,960
Speaker 1: Job is to build the kingdom, right, Yeah, I do

757
00:39:20,079 --> 00:39:23,719
this to build the kingdom. Here's where I drew the line,

758
00:39:23,760 --> 00:39:24,920
and I'd like to know what I don't want to

759
00:39:24,920 --> 00:39:27,519
expand this little bit into the greater economic picture with

760
00:39:27,599 --> 00:39:30,360
Zach Abraham. You can learn more about Zach at New

761
00:39:30,400 --> 00:39:35,000
Yors podcast dot com. Here's where I really drew the line.

762
00:39:35,199 --> 00:39:39,239
The AI wrote back to me and it said, would

763
00:39:39,239 --> 00:39:43,559
you like me to add more scripture to each chapter.

764
00:39:43,960 --> 00:39:47,159
Speaker 3: To complement what you're saying with the word of God?

765
00:39:49,159 --> 00:39:53,239
Speaker 1: And I wrote back and said no, because to me,

766
00:39:54,719 --> 00:39:56,480
that crosses a significant line.

767
00:39:57,039 --> 00:39:58,320
Speaker 3: Because yes, I could go back.

768
00:39:58,159 --> 00:40:01,360
Speaker 1: And edit, but am I really smart enough to go

769
00:40:01,440 --> 00:40:04,800
check everything it's trying to do that piece frightened me

770
00:40:05,760 --> 00:40:10,079
to be fully blunt, because do I want the ais theology.

771
00:40:10,199 --> 00:40:11,960
Speaker 3: I want the theology of the Bible.

772
00:40:12,079 --> 00:40:14,559
Speaker 1: I'll have my advisors read it, my pastor reader, I'll

773
00:40:14,559 --> 00:40:17,199
ask you to read it. I'll ask other you know,

774
00:40:17,239 --> 00:40:19,239
people farm over true in the faith. Also people an

775
00:40:19,239 --> 00:40:22,039
American Family radio to read it before it's ever published.

776
00:40:23,000 --> 00:40:25,559
But that crossed a lot. So let me ask you

777
00:40:25,559 --> 00:40:30,199
about an economic line. Christian business owners, if we're in

778
00:40:30,280 --> 00:40:33,000
the world or not of it. But the other businesses

779
00:40:33,000 --> 00:40:36,239
in the world are all AI driven, like there's no admins.

780
00:40:37,400 --> 00:40:39,840
Like if I'm making an email appointment with your people,

781
00:40:39,960 --> 00:40:44,599
you don't have people that an intake sales phone call

782
00:40:44,679 --> 00:40:48,719
is not a human and other people are operating with

783
00:40:48,760 --> 00:40:51,199
those margins. And that I know for a fact. There's

784
00:40:51,239 --> 00:40:54,880
podcasters who are already putting their faces and audio and

785
00:40:54,880 --> 00:40:59,199
stuff into databases and they're not even gonna make podcasts.

786
00:40:59,519 --> 00:41:04,760
Yeah it'll be a talking computer head that there's no studio.

787
00:41:04,840 --> 00:41:05,559
Speaker 3: They don't make shows.

788
00:41:05,599 --> 00:41:08,039
Speaker 1: They just say do a podcast based on this topic

789
00:41:08,159 --> 00:41:12,320
in my voice. So if that's the world we're in

790
00:41:12,360 --> 00:41:16,320
it not of it, they have ninety percent margins, we

791
00:41:16,400 --> 00:41:20,400
have ten. Is that where we're going as Christian business owners.

792
00:41:21,400 --> 00:41:25,719
Speaker 4: You know what's funny is I could be wrong, but

793
00:41:26,239 --> 00:41:28,719
that particular aspect of this I think is going to

794
00:41:28,760 --> 00:41:33,719
backfire because as the world becomes more and more artificial,

795
00:41:34,880 --> 00:41:38,159
real content and real people become inherently more valuable.

796
00:41:38,320 --> 00:41:40,840
Speaker 3: I hope so, right, and and it will.

797
00:41:41,239 --> 00:41:45,039
Speaker 4: It'll be the case, and I think that it's something

798
00:41:45,079 --> 00:41:47,920
that all of us need to keep in mind. I

799
00:41:47,960 --> 00:41:51,000
think it's something that we need to keep it the four.

800
00:41:51,760 --> 00:41:54,039
You know, I hate talking about this because this is

801
00:41:54,079 --> 00:41:57,760
so self serving, right, But at the same time, to me,

802
00:41:57,840 --> 00:42:02,760
it's really analogous to my business, right. Meaning, look, there's

803
00:42:02,800 --> 00:42:05,360
plenty of other places like me that you can go to.

804
00:42:05,880 --> 00:42:08,199
But if you're a if you think like we do,

805
00:42:08,639 --> 00:42:11,559
if you're a Christian or a conservative or libertarian or

806
00:42:11,559 --> 00:42:13,840
whatever the case may be, and you have your money

807
00:42:13,840 --> 00:42:15,679
managed by one of the big Wall Street banks, what

808
00:42:15,719 --> 00:42:19,559
are you doing? Right again? You are arming that you

809
00:42:19,599 --> 00:42:22,079
are arming the guys that seek to do you harm

810
00:42:22,199 --> 00:42:24,320
and that do not share the same values with you.

811
00:42:24,800 --> 00:42:27,760
I don't use that as an example to try to

812
00:42:28,079 --> 00:42:31,239
strong arm all your listeners into calling us. It's true.

813
00:42:31,360 --> 00:42:32,960
I mean I look at people all the time, and

814
00:42:32,960 --> 00:42:34,440
I'm like, you're a conservative and you got your money

815
00:42:34,480 --> 00:42:37,960
managed by black Rock or by or by Vanguard or

816
00:42:37,960 --> 00:42:39,800
what like? What are you doing right? Like? You know,

817
00:42:40,440 --> 00:42:43,000
I don't necessarily think that those companies are like the

818
00:42:43,039 --> 00:42:45,960
nexus of evil, but they're not aligned with what you want.

819
00:42:45,960 --> 00:42:47,360
Why are you putting money in their pocket?

820
00:42:47,480 --> 00:42:49,719
Speaker 3: I happen to think they're right next to the nexus.

821
00:42:49,400 --> 00:42:51,559
Speaker 4: Of evil if fair enough, And I'm not going to

822
00:42:51,679 --> 00:42:55,199
argue with it, but so I use it as an

823
00:42:55,199 --> 00:42:57,840
example though, because I think that we all need to

824
00:42:57,880 --> 00:43:01,000
be very purposeful. Where are we set our attention? Where

825
00:43:01,039 --> 00:43:03,440
are we sending our dollars and not even with our

826
00:43:03,440 --> 00:43:04,239
money with their minds?

827
00:43:04,360 --> 00:43:04,480
Speaker 2: Right?

828
00:43:04,519 --> 00:43:06,840
Speaker 4: What are we listening to? We know that there is

829
00:43:06,960 --> 00:43:09,679
more false doctor and being priests. We know that there

830
00:43:09,760 --> 00:43:12,960
is more idiotcy being peddled. So what should we do?

831
00:43:13,000 --> 00:43:15,400
We should be more We should be more purposeful and

832
00:43:15,440 --> 00:43:18,639
more earnest regarding our sources. Where do we go? Where

833
00:43:18,679 --> 00:43:21,400
is our time being allocated? Where are our dollars being allocated?

834
00:43:21,679 --> 00:43:24,039
So I think the people that are delivering really good content,

835
00:43:24,199 --> 00:43:28,400
like you, I think that the real folks are going

836
00:43:28,440 --> 00:43:30,800
to benefit from this. And I think that people are

837
00:43:30,800 --> 00:43:33,559
going to want to go where there's real content and

838
00:43:33,599 --> 00:43:34,159
real people.

839
00:43:34,559 --> 00:43:37,079
Speaker 3: I hope that's true, you know, I really do hope

840
00:43:37,119 --> 00:43:37,920
that's true.

841
00:43:37,559 --> 00:43:40,239
Speaker 1: And Zach, I tell my daughter, because my daughter is

842
00:43:40,280 --> 00:43:43,760
an artist and she's she's going to be going now,

843
00:43:44,039 --> 00:43:46,840
she's going to go through full college because she went

844
00:43:46,880 --> 00:43:47,440
to art school.

845
00:43:47,440 --> 00:43:48,000
Speaker 3: That was great.

846
00:43:48,119 --> 00:43:50,079
Speaker 1: But she's been in the world now and said, you

847
00:43:50,119 --> 00:43:53,360
know what I think I've made for more. There's some

848
00:43:53,440 --> 00:43:56,360
greater things I want to accomplish, but it's still very

849
00:43:56,480 --> 00:44:00,480
art focused. And she she will she will have nothing

850
00:44:00,519 --> 00:44:03,000
to do with AI. And I haven't yet told her

851
00:44:03,039 --> 00:44:04,679
that AI is helping with this book. But I'm telling

852
00:44:04,719 --> 00:44:07,280
you this is going to be very close to her

853
00:44:07,639 --> 00:44:10,079
and veganism because she's a vegan, and I'm telling you

854
00:44:10,159 --> 00:44:12,559
it is a barrier between she and I because she

855
00:44:12,639 --> 00:44:13,519
knows that consume meat.

856
00:44:14,079 --> 00:44:16,119
Speaker 3: I mean, it's a little barrier.

857
00:44:17,000 --> 00:44:18,360
Speaker 1: And this is going to hurt her that I've used

858
00:44:18,360 --> 00:44:22,480
an AI for this, because she, being a creative person,

859
00:44:23,480 --> 00:44:26,360
is frightened. And what I've told her is, look, honey,

860
00:44:26,519 --> 00:44:28,559
be a person that creates your art front of other people.

861
00:44:29,800 --> 00:44:33,039
Get your vegan cafe, have your cat section where people

862
00:44:33,039 --> 00:44:36,360
can go pet real live cats, but have sessions where

863
00:44:36,400 --> 00:44:39,199
you cook in front of people. She's an incredible cook.

864
00:44:39,480 --> 00:44:42,639
Let them see you cook. Teach while you're cooking, have

865
00:44:42,719 --> 00:44:45,880
the ingredients available. Do your arts in front of people, because,

866
00:44:45,960 --> 00:44:48,599
like you, Zach, I think that the world's going to

867
00:44:48,599 --> 00:44:51,760
be so awash in AI stuff. Imagine being brought into

868
00:44:51,760 --> 00:44:55,039
a studio to watch people write a song, like real

869
00:44:55,159 --> 00:44:57,960
artists go through the writing process. If you've ever watched

870
00:44:58,000 --> 00:44:59,880
that on a documentary, imagine.

871
00:44:59,519 --> 00:45:02,239
Speaker 4: Being there, Hey, here and here, here's a perfect example.

872
00:45:02,239 --> 00:45:03,599
And I think you should tell us to your daughter.

873
00:45:04,639 --> 00:45:06,199
You don't want. One of the biggest trends right now

874
00:45:06,320 --> 00:45:12,679
in audio and music is what vinyl. Yeah, vinyl records right,

875
00:45:12,760 --> 00:45:18,559
look at classic cars people people are we are it's

876
00:45:18,639 --> 00:45:22,599
it's I'm trying to think of the term, but we

877
00:45:22,719 --> 00:45:27,440
are nostalgia, right. We want real life connections.

878
00:45:27,559 --> 00:45:27,920
Speaker 3: Yeah.

879
00:45:28,000 --> 00:45:30,360
Speaker 4: The thing, the thing I would tell every young person

880
00:45:30,920 --> 00:45:34,800
is any moment you spend worried about ais a wasted moment.

881
00:45:35,480 --> 00:45:39,519
Perfect your craft, own your craft, work your tail off,

882
00:45:40,320 --> 00:45:43,360
strive every day to be excellent. And if you do

883
00:45:43,440 --> 00:45:45,920
that and you stay close to God, I am telling

884
00:45:45,960 --> 00:45:48,639
you you will find your purpose. You will find your place,

885
00:45:49,079 --> 00:45:51,880
and you will have an impact. If you don't, if

886
00:45:51,880 --> 00:45:53,599
you're all your if you if you're worried about all

887
00:45:53,639 --> 00:45:56,280
these other things, if you're worried about all AI and

888
00:45:56,280 --> 00:45:58,079
how it's gonna impact me and all that kind of stuff,

889
00:45:58,159 --> 00:46:00,840
You're gonna live an ineffective life. You're going to live

890
00:46:00,880 --> 00:46:04,079
a life of what we call quiet desperation. Yep, right,

891
00:46:04,880 --> 00:46:08,159
don't pay attention to the noise, put your hand in

892
00:46:08,239 --> 00:46:11,639
God's pursue your passions, pursue your loves, do it with

893
00:46:11,760 --> 00:46:15,800
wild and reckless abandon and just blow. There were always

894
00:46:15,840 --> 00:46:20,079
reasons every generation has faced the people. It's got to

895
00:46:20,119 --> 00:46:22,320
be different this time. This generation is gonna make it.

896
00:46:22,440 --> 00:46:25,880
This Hey, you know, look at the world of finance.

897
00:46:26,119 --> 00:46:29,360
Everything's more automated, everything's going to paths of investing. And

898
00:46:29,440 --> 00:46:31,119
in the space of ten years we've built a billion

899
00:46:31,159 --> 00:46:34,199
dollar from yeah, like and craiz God for it. I'm

900
00:46:34,239 --> 00:46:37,000
not taking the credit. What I'm telling you is that

901
00:46:37,320 --> 00:46:39,719
it is doable. Don't listen to those people.

902
00:46:39,920 --> 00:46:42,119
Speaker 3: Yes, well said beautiful advice.

903
00:46:42,199 --> 00:46:44,960
Speaker 1: And I would add this just as a lifetime of

904
00:46:45,039 --> 00:46:51,800
weird experiences. Everybody had been saying that CDs would kill music,

905
00:46:51,880 --> 00:46:57,440
that didn't happen. People just bought CDs, and then CDs came,

906
00:46:57,480 --> 00:46:59,440
and then MP three's came, and that's going to kill it,

907
00:46:59,480 --> 00:47:01,480
and then it is going to kill live. You know,

908
00:47:01,559 --> 00:47:03,760
no one's going to go to concerts anymore. And then

909
00:47:03,800 --> 00:47:06,960
when you had high quality audio, now you had you know,

910
00:47:07,079 --> 00:47:08,840
digital audio, full spectrum HG audio.

911
00:47:08,840 --> 00:47:10,840
Speaker 3: Well, now no one's going to go to concerts. Uh,

912
00:47:10,880 --> 00:47:11,480
and why would you?

913
00:47:11,519 --> 00:47:13,639
Speaker 1: And you could watch them online and and no one's

914
00:47:13,639 --> 00:47:15,800
going to do that. And then yes, Vinyl's back at

915
00:47:15,800 --> 00:47:17,360
a friend of mine I grew up next door to.

916
00:47:17,480 --> 00:47:19,559
He has a record store, and and I was thinking

917
00:47:19,559 --> 00:47:21,320
I'd selling my records and I thought, what am I doing?

918
00:47:21,360 --> 00:47:24,239
I've got like three thousand records. Uh, why would I sell?

919
00:47:24,280 --> 00:47:25,719
I'm selling one by one an eba if I was

920
00:47:25,760 --> 00:47:28,480
going to do that. But remember this, All the people

921
00:47:28,760 --> 00:47:31,159
who think they're the brilliant people that they've got everything

922
00:47:31,159 --> 00:47:35,840
figured out, they can't always know how stupid they look

923
00:47:35,880 --> 00:47:38,119
to some of us. This happened when we were in

924
00:47:38,119 --> 00:47:39,760
an internetrated Man, I wish I'd known you in the

925
00:47:39,760 --> 00:47:40,519
internet radio days.

926
00:47:40,519 --> 00:47:41,679
Speaker 3: You and I would have had such a blast.

927
00:47:42,119 --> 00:47:44,440
Speaker 1: So we had our our studios built up on Queen

928
00:47:44,440 --> 00:47:49,519
Anne Hill, and we had these beautiful with a beautiful

929
00:47:49,639 --> 00:47:55,719
centerpiece radio studios so that investors could come in, board members, advertisers, partners,

930
00:47:55,800 --> 00:47:58,719
you know. It was a showcase, right, yeah, And we

931
00:47:58,800 --> 00:48:01,039
had you know, Elvis Costello, great great song.

932
00:48:01,519 --> 00:48:03,440
Speaker 3: Okay, So Elvis.

933
00:48:03,159 --> 00:48:07,639
Speaker 1: Was there, Declan McManus, and this is real name, and

934
00:48:07,719 --> 00:48:10,559
I'm a huge fan of Elvis Cassel.

935
00:48:10,679 --> 00:48:11,880
Speaker 3: So I didn't get.

936
00:48:11,679 --> 00:48:14,000
Speaker 1: To be in the interview all the time, but I

937
00:48:14,079 --> 00:48:16,760
was there when the most important thing happened. So he

938
00:48:16,880 --> 00:48:17,960
I got to meet him in the lobby and I

939
00:48:18,000 --> 00:48:21,079
walked up and said, mister McManus.

940
00:48:20,400 --> 00:48:22,039
Speaker 3: What a pleasure to see her here, and he looked

941
00:48:22,039 --> 00:48:22,239
at me.

942
00:48:22,280 --> 00:48:25,320
Speaker 1: I said, yes, Declan McManus and shook his hand, and

943
00:48:25,400 --> 00:48:27,519
it's an honor and gosh, I loved your music. So

944
00:48:27,599 --> 00:48:30,360
cool to meet you, and very self effacing. I can't

945
00:48:30,360 --> 00:48:34,800
say the whole time, but I regret that I can't.

946
00:48:35,639 --> 00:48:38,440
So we go into the studio and the guy who's

947
00:48:38,440 --> 00:48:40,679
doing the interview sitting up and Elvis hits across from him,

948
00:48:40,719 --> 00:48:44,599
and Elvis has his guitar and we talk about music

949
00:48:44,840 --> 00:48:50,000
and digital and we talk about CDs and streaming, and

950
00:48:50,039 --> 00:48:51,960
then I said. The host said, hey, said, you'd be

951
00:48:52,039 --> 00:48:54,320
kind of have to play some songs for us. And

952
00:48:54,719 --> 00:48:56,639
there was a woman in there from Salon dot com.

953
00:48:56,800 --> 00:49:00,519
Remember Salon that never made a prophet yep. So they

954
00:49:00,519 --> 00:49:03,800
were the sponsors. They sponsored this. They promoted the heck

955
00:49:03,800 --> 00:49:07,159
out of Elvis being there. Elvis gets out his guitar

956
00:49:07,320 --> 00:49:08,480
and he plays.

957
00:49:09,760 --> 00:49:10,199
Speaker 3: Alison.

958
00:49:10,840 --> 00:49:14,000
Speaker 1: Remember the kind of country song. Ah, listen, I know

959
00:49:14,119 --> 00:49:16,519
this world is killing and he plays this and I'm chilled.

960
00:49:17,119 --> 00:49:21,880
I'm legitimately standing there with chicken pox skin. Elvis Costello

961
00:49:22,039 --> 00:49:26,400
is playing Alison in my studio. He gets done, and

962
00:49:26,440 --> 00:49:30,719
the room is chilled, and we're clapping. The lady from

963
00:49:31,119 --> 00:49:33,440
Salon dot com says, could you did that one more time?

964
00:49:33,840 --> 00:49:40,360
Speaker 3: More quickly? More quick the song was too slow?

965
00:49:42,960 --> 00:49:46,920
Speaker 1: Zack, without looking at her, without making eye contact with her,

966
00:49:46,960 --> 00:49:51,559
I said please leave, and she goes. We are the

967
00:49:51,599 --> 00:49:55,199
sponsors of this segment. I said, not anymore, Yeah, please leave,

968
00:49:55,719 --> 00:49:58,880
and I looked at it. I shook his hand and said,

969
00:49:59,119 --> 00:50:02,119
I apologize. He go, Why mate, I've got a story

970
00:50:02,159 --> 00:50:02,880
for a lifetime.

971
00:50:05,159 --> 00:50:08,239
Speaker 4: I saw him live. You saw Elvis, Yeah, I saw

972
00:50:08,320 --> 00:50:10,800
he and his wife together. My wife is a huge

973
00:50:10,840 --> 00:50:13,599
fan of his wife. Yeah, And so we went up

974
00:50:13,599 --> 00:50:16,559
to uh Chadow Saint Michelle and saw he and his

975
00:50:16,599 --> 00:50:17,239
wife up there.

976
00:50:17,320 --> 00:50:18,519
Speaker 3: Oh, I bet that was brilliant.

977
00:50:18,880 --> 00:50:20,760
Speaker 4: His wife's an incredible jazz musician too.

978
00:50:20,880 --> 00:50:21,360
Speaker 3: Yeah.

979
00:50:21,400 --> 00:50:24,199
Speaker 1: And for my money, he's probably one of the top

980
00:50:24,239 --> 00:50:28,159
three lyricists in and just what a performer.

981
00:50:28,199 --> 00:50:31,079
Speaker 4: And he's just a musician, man, He's just a musician,

982
00:50:31,199 --> 00:50:31,599
he is.

983
00:50:31,840 --> 00:50:36,760
Speaker 1: And and you know, trend maker, trend breaker. But when

984
00:50:36,800 --> 00:50:39,239
I watched that, human beings say that to that man,

985
00:50:40,400 --> 00:50:43,320
and that's the same human being that was, you know,

986
00:50:43,360 --> 00:50:46,440
thinking that Salon dot Com would be the new HBO.

987
00:50:47,280 --> 00:50:48,119
Speaker 3: So let's tek that.

988
00:50:49,039 --> 00:50:54,119
Speaker 4: Was that Arianna Huffington's deal. No dot commerce was something different.

989
00:50:53,960 --> 00:50:56,159
Speaker 3: Yea or yeah, I can't remember what it was either anymore.

990
00:50:56,559 --> 00:50:59,400
It was, oh the huffing Post huff po. Yeah, that's right.

991
00:51:00,079 --> 00:51:00,280
Speaker 2: Yeah.

992
00:51:00,440 --> 00:51:01,800
Speaker 3: So for all to talk about.

993
00:51:01,599 --> 00:51:04,119
Speaker 1: AI and all this that can seem very very scary,

994
00:51:04,159 --> 00:51:06,119
God uses this as simple things to shame the wise.

995
00:51:06,159 --> 00:51:07,760
And in that case, it was a guy named Declan

996
00:51:07,840 --> 00:51:09,239
McManus with an acoustic guitar.

997
00:51:10,559 --> 00:51:15,000
Speaker 4: And can I throw one other thing in there, and

998
00:51:15,440 --> 00:51:18,519
everybody take this with a grain of salt and put

999
00:51:18,599 --> 00:51:20,800
some thought behind it because I don't mean this in

1000
00:51:20,840 --> 00:51:23,840
a bombastic way at all. But the other thing that

1001
00:51:23,880 --> 00:51:27,280
I have found is that the more confident we are

1002
00:51:27,320 --> 00:51:32,280
about those things, the more that we just surreptitiously turn

1003
00:51:32,320 --> 00:51:34,119
a blind eye to it and just say, look, man,

1004
00:51:34,119 --> 00:51:36,960
I'm following God. I don't care. I don't care. I

1005
00:51:37,039 --> 00:51:42,519
know what my good things happen, good like, and it

1006
00:51:42,559 --> 00:51:44,920
can feel reckless. And I'm not talking about being vindictive

1007
00:51:44,960 --> 00:51:47,480
about it, but I'm just saying, yeah, I hear you.

1008
00:51:47,800 --> 00:51:49,320
I just don't I'm just not going to listen to

1009
00:51:49,320 --> 00:51:51,000
you because those rules don't apply to me. I'm not

1010
00:51:51,000 --> 00:51:52,480
worried about what man thinks.

1011
00:51:52,840 --> 00:51:53,920
Speaker 3: Yeah, yep.

1012
00:51:54,039 --> 00:51:57,199
Speaker 4: The more you can thumb your nose at that stuff

1013
00:51:57,239 --> 00:52:01,480
in a polite way, and the more you on your faith.

1014
00:52:01,559 --> 00:52:05,400
And I'm just telling you, man, there's magic that happens

1015
00:52:05,400 --> 00:52:09,360
there and it just God loves it. I'm just convinced, and.

1016
00:52:09,599 --> 00:52:10,519
Speaker 3: I couldn't agree more.

1017
00:52:11,039 --> 00:52:12,599
Speaker 4: Give it a test, man, give it a test.

1018
00:52:12,719 --> 00:52:14,760
Speaker 1: Seek not the approval of man, but the approval of God,

1019
00:52:14,800 --> 00:52:17,280
almighty great to have. Why it's cancel with you, my brother,

1020
00:52:17,480 --> 00:52:21,639
God bless you and stay safe and we will oh

1021
00:52:21,679 --> 00:52:24,199
we join each other next week this is the Todd

1022
00:52:24,239 --> 00:52:26,760
Hermit Shaw. Please go, be well, be strong, be kind,

1023
00:52:26,800 --> 00:52:28,840
Please make every effort to walk in the life of Christ.