Speaker 1: So Kamala Harris in her team, the people who run her,
the people who boss her around. They've got some tax
increases and they want to some of this is starting
to take form. It's about a oh they count this up,
number zeros five trillion in new taxes. Wants the Trump
tax cuts to expire, leading the sixty two percent of
houses seeing a tax hike. That's for the little people.
You know, she accepted the nomination that never occurred. There was,
you know, no nomination, but she accepted it on behalf
of the people. Plus how about a billion dollar secret
migrant spending and what is the most important stock in
the entire.
Speaker 2: World?
Speaker 1: Zach Abraham joins US chief investment officer Bowart Capital Management.
We do this with the help of meg, Breakthrough, dot com,
Slash Todd Free, last chance at a free bottle, and
of course with the great help of God Almighty.
Speaker 3: The Todd Herman Show is disapproved by big pharma technocrats
and tyrants everywhere from the high mountains of Free America.
Here's the Emerald City exile God her Man.
Speaker 1: Today is the day the Lord has made in These
are the time so which God has decided we shall live.
Zach Abraham, my friends, my brother, chief investment officer Bulbock
Capital Management joins us so Zach. That nomination process painstaking, exacting,
lots of you know, debate from the floor. For a
while there, it looked a lot like Kamala Harris was
going to pull that out and just just run away
with Oh, that's right, there was actually no nomination process.
If you did that on a board of director's true story,
A true question, real question. If you did that an
election for a board of director position on a public company,
what would happen to you?
Speaker 2: I yeah, I haven't thought about it. In those I
don't think you can.
Speaker 1: You can't just sol a person. There has to be
a vote.
Speaker 4: No, Yeah, every single every single, every single board is
gonna have you know, their their their rules and their
standardized practices, and they can't deviate from that unless there's
extraordinary circumstances.
Speaker 2: But yeah, I mean it.
Speaker 4: And it's pretty wild to see, right, you're just gonna
plug somebody in there for the presidential you know, for
the White House, for the Oval Office, and we're not
even it's not even gonna face the same scrutiny as
a board position.
Speaker 2: I mean, it's pretty wild.
Speaker 1: I find this crazy about Republicans is Republicans are so
good at opening their mouths and letting the left insert words.
And the word that's been inserted is nominee. She's not
the stinking nominee. She's the selectee. She's the placement, she's
the anointed, she's the queen, she's the power grabber, she
sees power. She's the coup at.
Speaker 4: But yeah, they don't yeah, yeah, but they don't accept
the talking points from the Democrats. They accept them from
the media, right, Like, the only way they can get
the only way that the Democrats can get away, the
only way the left gets away with this is because
the media is covering the tracks costly.
Speaker 2: I mean, they just take every you.
Speaker 4: Know, they oh, the presidential nominee, you know, the democratic nominee,
over and over and over.
Speaker 2: You know, Trump's a racist, she's the nominee and the
savior of democracy. And if we say it enough times, it's.
Speaker 1: So and Republicans take it and they regurgitated. It's like
using the word transgender. Oh, okay, that's the word. That's
what we'll use. Great, you have just legitimized the idea
that people are born in the wrong body. Which is
an illegitimate thought. What did you think of RFK Junior
in that move?
Speaker 4: I think it further confirmed what I thought about the guy.
And what I thought about the guy was he really
made me reminisce and have fond memories of days of yorm,
of the debates that we used to have when I
was a kid. Right, meaning, look, he's still well to
the left of me, but he cares about this country.
He believes in free markets, he believes in what makes
us uniquely American, and he believes Staunton in the Constitution
and the Bill of Rights.
Speaker 2: And it's funny you and I have.
Speaker 4: Had this conversation before, but the extremists of the left
have made some really strange bedfellows. And you know, for instance,
if I woke up tomorrow, now is it the ticket
that I would construct?
Speaker 1: Know?
Speaker 4: But if I woke up tomorrow and you told me
that RFK and Tilca Gabbard were the new president and
vice president, I would be pleased that I would sleep
well at night, Like are there things?
Speaker 2: I just yes?
Speaker 4: Again, you know, I think all too often in politics
we make well.
Speaker 2: I think it cuts both ways.
Speaker 4: I think sometimes we put up with too much from
people just because they're on our side, then the other,
then the other. The flip side of that coin is,
I think we run.
Speaker 2: People through too perfect of a.
Speaker 4: Funnel, right, Ye, Like, meaning, guys, we got to keep
in mind, we're not picking the pastor of a church.
Speaker 2: We're picking the leader of a giant organization. Right.
Speaker 4: Does it mean that we shouldn't apply some of the
same metrics to somebody that we applied to the pastor
of a church. No. I think that there's some very
needed skills and abilities and morality that would be applicable
in both positions. But at the same time, I'm not
going to use the same filter for those people. And
it's just funny. My standard has dropped a lot lower
where you know, you and I might disagree on some
pretty big issues, but if you're a defender of free
speech and the Bill of Rights and you believe in
free markets, then I'm like, hey, buddy, you know we
can hang out anytime.
Speaker 2: Right.
Speaker 4: The bar has done so low, And I just think
the other thing I think it's unbelievable is if you
would have told me that there was going to be
a day where Bobby Kennedy's son, most prominent son came
out and endorsed a Republican candidate for president, and he
would be painted as a whack job and a pariah
in public. I would have told you, like, come on,
even the Simpsons can't write something that crazy, right, And
yet here we are.
Speaker 2: Rfk's now stumping for the guy, and.
Speaker 4: He's still a bigot, a homophobe, a racist, and extremist.
Speaker 2: You just can't make it up.
Speaker 1: No, And the thing is this. The more I looked
into and I can't remember what it was, it caused me.
Oh no, I remember it was the CIA guy who
went on Tucker's show and said, oh, yeah, yeah, we
killed Kennedy. And I went and read this book called
JFK and the Unthinkable, and all of the new documents
on this about JFK's war with the Intelligence Services, his
refusal to take US into war, his refusal to send
troops to Vietnam, his refusal to nuke Russia. They wanted
him to nuke Russia, and the creation of this project
called Project Northwoods, which called for false flag attacks against
US troops on our soil. And in fact, I think
you've read it correctly. It's the taking out of Kennedy.
Trump did the same thing. No, I don't want to
go to war. No I do not want to go
get into the same with social Why is rush our enemy? Like,
someone tell me why there are enemy? There's these comparisons.
So in a way, it's also it kind of feels
like God taking two people who are kind of far
apart in some things like the injections, bringing them together
and maybe again for his glory. It might well be
some economic stuff we got to talk about. Personally, I
just need to talk with you about my taxes. Can
I get the forms out real quick? And oh wait, no,
I'm sorry, wait, we'll not do that right here. Well,
no I said anything like that, but there are some
things we need to talk about, including the world's most
important stock. Will do that with Zach Abraham, chief investment
officer Bullwarck Capital Management. I'll just do this real quick.
If you're snacking on ibuprofen, you're a fool a jack. Well, well,
I was gonna say something nasty, but then again, I'm
talking about me. Yep, little me going to bed at night,
taking out four of those beautiful orange pills and man
are they beautiful, sucking them down as my wife looks
at me. And says, are those hyberprofen Yeah? Okay, do
you remember that you're My dad died and the autopsy
said liver disease. Yeah, but I'm not my dad. Okay,
so you're gonna eat more of those mm hmm. This
is something else it would work to fight inflammation. Nope,
fish oil doesn't work. Along comes native pathcrow. Jen from
Radio Sales Ready Micro Sales says, hey, will you try this?
Speaker 2: Now?
Speaker 1: I've tried the fishil. It's not fish oil comes from
a shell fish.
Speaker 3: Yeah.
Speaker 1: Yeah, it's going to be big and different. Okay, fine,
I'll try it because they're thinking about buying ads on
the show. I try it and three days later I go, wait,
hold on, wait a minute. I haven't had inflammation since
I started taken this stuff. So I put together a
phone call and the team gets back on. They go, yeah,
didn't we tell you this the first time? Are you slow?
I said, yeah, I'm slow. I here's the deal. Antioxidant's
vitamin E, vitamin C. This stuff is six thousand times
more absorvable than vitamin C, five hundred times more absorvable
than vitamin E. Therefore, you get more for your money
and it actually works iyberpopef's been out of my life
for six months, despite the insane things I do to
my body. Stop snacking on farm at night. Go to
nativepathcurrill dot com slash todd. See the specials they've got
for you there. It's nativepathcrill dot com slash todd. Hint,
the more you buy, the more you save. I just
bought a new supply yesterday, and I got free shipping
because I bought a lot of it up front nativepathcrill
dot com slash todd. So's that couple of economic things.
I get the political reason that they're importing illegal immigrants
into states like Massachusetts, and I think we all get
this now. Our dear departed friend, Dori Monson, God rest him.
He was one of the first to notice that, Hey,
you know what, we have a whole bunch of congressional
seats that are result of illegal immigration. He started talking about,
I started talking about. Now, it's nomenclature. Everybody gets this.
That's the political reason. And they intend to have ballots
out there floating around so that they can take those
ballots and use them for vote fraud. But the Massachusetts
GOP has noticed that there's a secret one billion dollar
program for housing and bringing in illegal immigrants. What is
the possible economic argument for this from a perspective of
big business.
Speaker 4: Well, it's it's funny you ask about this because I
was thinking about this recently. You've got such a an
anti life push on the left right where and don't
and and and don't take this as gospel. But I
think if you extract minorities out of the equation. In
the United States, I believe the white population in the
United States has a negative birth rate, and I think
overall all naturalized United States and so I'm not sure
how the study defined immigrants, but I think it's it
was here less than two years or something like that.
But basically you're at stall speed on the birth rate,
and that the only positive inclination on population growth is
is uh immigration. Yeah, and then immigrants naturally are going
to have a higher birth rate, right.
Speaker 2: At least in the first generation or so here, and so.
Speaker 4: It really is bizarre. Yeah, I think that there's a
I think that there's a push. I think it's Look,
I mean, why did we outsource to China in the
first place was for discount and labor, Right, So you've
got the Chinese issues. Now, I think in someone that's
incentivized the greater inflow of illegal immigration.
Speaker 2: I don't know that to be true.
Speaker 4: Obviously I'm not a part of those conversations, but it
is interesting to me that, you know, you really you
start in a fairly aggressive and purposeful offshoring out of
China for the first time in twenty years, and then
within you know, three years of that, you've got a
wide open southern border. Those could be coincidence, they shure,
doesn't look like it to me, but yeah, I mean,
I think it's just them offsetting the negative birth rate here.
And if I put on my conspiracy hat, I think
it is probably to blur international lines, right like moving
toward a one world govern And it used to be
you sound like.
Speaker 2: A crackpot conspiracy theorist.
Speaker 4: You know, if you just listen to people at the IMF,
you listen to even people at the European Union, there's
no you know, look, they want to recreate Lenins. You
know what if there's no hell and no heaven and
no religion too, like, you know, that's what they want.
And if you're coming at things from a secular worldview,
I understand why they want that.
Speaker 2: Right.
Speaker 4: If we want to eliminate war and poverty, let's get
rid of governments, right.
Speaker 1: Right, right, and let's get rid of belief in God,
because we can construct our own heaven and our own earth.
But we'll do it the right way. Because God he's
running around making all those rules and stuff. He's got
all these ideas and they, hey, don't do this and
don't do that, and it's like, dude, what do you know.
I mean, if you ever put on a pair of shoes,
they're hard, right.
Speaker 4: Well, and he's into this whole consequence thing, right, Like
I don't want.
Speaker 1: To deal with that's so stinking annoying. And then let's
just okay, by the way, where are there limits on heaven?
I mean, you know, there shouldn't be a border. We
want heaven to be just like earth. And then God saying,
why it? Why would I do that?
Speaker 4: Right?
Speaker 1: Right?
Speaker 4: Yeah?
Speaker 2: I or money or sexual partners. Why should I have
a restraint on anything? Man?
Speaker 1: God said, you do notice the diseases and the depression,
And but okay, you guys, go do this thing. Let
me get to one other kind of economic thing, and
then we've got to get to the world's most important
stock so Kamala Harris and the people who run her, they
want a five five trillion in new taxes. They want
to let the Trump tax cuts expire. So Wallstreet Journal says,
at least the sixty sero percent of households seeing a
tax hike, she wants to give money like California's one
hundred and fifty grand for illegal immigrants to have houses.
If you are looking at this from a perspective of
the retirement accounts of the people listening to and are
watching us right now, five ten, fifteen years out, that's
what you do. Risk management, active management portfolios that can
actually reduce risk and volatility. I'm good at that, right.
So when you look at it this way, if this
comes to pass, what are the first things you think
get hit economically in terms of stock knowing that the
FED is going to do everything they can to monkey
around and make it look like it's okay.
Speaker 2: Yeah, Absurdly.
Speaker 4: And I don't like saying this, but absurdly it probably
bullish the stock market. So yeah, and and listen, you're
you're at a point where we all have to accept
the fact that in a world of we're just printing
money or we're conjuring money out of thin air is
giving it away at the end.
Speaker 2: Of the day.
Speaker 4: There's two ways that asset prices go up, right, Either
they become more productive, which means they yield more profit,
or you just increase the or you increase the numinator
enumertor and you decrease the denominator, meaning you lower the
value of the of the if nothing like let's say
house prices didn't change for a decade, but the currency
devalued by forty percent over that same decade, housing prices
in that in terms of that currency went up forty percent, Right,
So I think you're I think you're right there at
that point now where increase spending and increasingly irresponsible things
that are going to have deleterious impacts on society, on culture,
long run financial viability of the United States. I think
those things are going to be beneficial for the stock
market and in a lot of ways. You see it
right now, right like you see an economy that is
clearly sputtering and slowing. It's not disaster area by any
stretch of the imagination, but you I don't think anybody's
stopping to think you have a sputtering economy growth is decelerating.
Speaker 2: It's not alarming, but while running seven.
Speaker 4: Percent deficits Okay, that's like saying, hey, yeah, the gas
tanks only showing a third to a fourth, you know,
only having a third or a fourth in it. But look,
you know that's that's far from empty. And you're like, yeah, man,
but we're pumping gas in this thing at the same time,
right we which means you got.
Speaker 2: A hole in the tank.
Speaker 1: Yeah, but there's there's some hills. We're gonna go down
some hills, yeah, reight, so but wait then you're going
to go up some hills. Right, we can coast going
down the hills, so then the hills aren't as steep, right, yeah,
as you're drive into Because this happens on the West coast.
Do you know what max milers are.
Speaker 2: Now?
Speaker 1: So these are people who the drive hybrids and they
do a lot of coasting. So their whole game is
I'm gonna stretch a gas tank as much as I
possibly can. And you can tell when you're falling a
max miler because they keep going in and out of neutral.
So if you're watching them, to just slow down, they're
like forty nine miles and then they just goose the
car just a little bit, and they just keep doing that.
There's just these absolute menaces, but they're just obsessively looking
at the at the dials, oh my gosh, and they
have their little websites. I got one hundred miles to
the gallon and there's this guy behind me in a
truck just like steam and I loved it because he's
getting thirty. But it's it's sort of the same thing
with our economy. Right, we'll just coast and then there's
the hills and but it's all good. But wait, we're
down now, we're down to attentive a tank. Yeah, but
there's a big flat stretch we can push the car.
Speaker 4: Yeah yeah, yeah, we'll open the doors and kick our
feet like flint.
Speaker 1: Stones, right right exactly.
Speaker 2: I've actually done that before.
Speaker 4: But it wasn't because I was trying to break any
land records. It was because i'd inadvertently gone.
Speaker 2: Past the last gas station.
Speaker 4: Oh yeah, and I could have sworn there was another
one in between. So I was actually coming down what
is it, blew it pass? This wasn't that long ago.
I was going to meet some buddies over on the
eastern side of the mountain. And I kept thinking I
was coming out of that got off on ninety and
went through just the outskirts of Kleelum and went past
the gas stations like, no, there's another one before the
pass starts. Well, I remembered wrong, there wasn't. The one
I was thinking of was on the other side of
the pass. Yeah, so I was going up on fumes.
I was coasting down the back in Neutral.
Speaker 1: I have done the same act. I've done the same thing,
and it was I went into Klielum to stop, I'll
get gas here, and then for whatever reason, there was
some event there like a trail run or something, and
all the gas stations about. But I'm good now now
I'll make it to in what Clailum, No, Ellensburg. I'm fine.
And then I get to I'm head of Ellensburg, and
then there's the traffic slow down. Oh hold on, and
now I'm been idle and now it's like that forty
five minute thing and you're just watching. I'll keep turning
the car off and it's ninety degrees right, sweat and bullets.
And I did the same thing of rolling into the
gas station like that is not a red light that
looks amber to me roll around the corner and up
to the tank. Oh yes, I've done that. It's just
throw Now I want to try it again. Now I
get the Max Miler thing. Man, it's that Remember that
Seinfeld episode where Kramer and the guy were test driving
that sob and they just wanted to take it to
the last thing. Okay, I've completely lost to the throat
of the show. What are we talking about? Economy? That's right,
we were talking about we were talking about the five
trillion dollar increase in taxes. Did the Kamala Harris wance? Okay,
We're going to talk about the world's most important stock
in a second with Zach. I was talking yes day
with a guy who's a lot like you. He made
his wealth on math and investment. His name is Steve Anderson.
He's the managing partner managing director of Renewed Healthcare in Mexico.
You gotta come down with me. I'm going back down
in November. You gotta come.
Speaker 3: So.
Speaker 1: Renew is a place that should be located in America.
But what they do is full on illegal.
Speaker 2: Here.
Speaker 1: Here's what they do. They take what we call medical waste.
This is the miracle of umbilical cords, the miracle of placentas.
Those are miraculous things God made and they burn them. Now,
what's contained in there is a process. Through a process,
you can get to something that's called Wharton's jelly, and
this is a massive stem cells that do not come
from abortion. Again, umbilical cords and placentas. Those stem cells
are packed with incredible powers jazz. When they're injected into
your body, they immediately attack inflammation. This can be in
your brain, it can be in spotal cords, it can
be in my case, in my shoulder, my ankle. That's
job one they do. Job two is wherever they're inserted,
they start building stuff. This would be like if you're home.
Let's say that you had a roof collapse in your house.
This would be like the stem cells. You pour them
on the whole and they build roof. So they build
the top of the roof, They build the support beams,
they build the drywall, they do all of that. That's
what the stem cells do. So if you are facing surgery,
or you have lower lumbar pain or lack of mobility, neuropathy,
even neurological issues, and your doctors have said, well, let's
wait six to seven months. We'll see if maybe we'll
see you one day, or they're telling you it's just
surgery appills for us. Your life pause got to renew
dot Healthcare telling you are a member of the podcast
and a radio show family, and they will tell you
if they can help you. If they can, you could
be home in as little as a week with this
all taken care of, and you go down to beautiful
Port of Art in Mexico, one of the safest regions
in Mexico. It's renew dot Healthcare. Zach Cambram's with US
chief investment officer Board Capital Management a couple of different
pieces about Navidia. This one says, Zach, Navidia has become
the world's most important stock, and let me give you
the quote, it's the most important stock in the world
right now. EMJ Capital's Eric Jackson told CNBC's Closing Bell
last week, if they lay an egg, it would be
a major problem for the whole market. I think they're
going to surprise to the upside. NA Video's report comes
week after its megacap tech peers got through earnings. Company's
name was sprinkled throughout this what analysts call as Microsoft, Alphabet, Meta, Amazon,
and Tessa all spent heavily in Nvidia's graphics processing units
to train AI models and run massive networks. So it's
the most important stock in the world right now. That
doesn't feel right to me.
Speaker 4: So what a Vidio has done is really precedented, to
be fair to them, I mean, the profitability jump, the
revenue jump unbelievable, right. I mean, I think it's revenue
is like four hundred percent over the last two years
or something like that. And I'll just keep repeating it.
He's probably right. My suspicion is is that they will
beat on whatever the reported number is.
Speaker 2: And I think that and again, this is nothing against
Jensen Wanger and Video.
Speaker 4: I don't want people to read into this, but they're
you know, they know their business very well, and they're
very good at gaming the numbers, and anytime they're going
to put up an estimate, it's going to be an
estimate that they think they can beat easily.
Speaker 2: And that doesn't make them any different than any firm
on the street. That's not a bad thing. So I
would suspect that they do beat.
Speaker 4: The issue that I have within videos is kind of
what the guy just said, like his.
Speaker 2: His you know, a cornerstone of his cornerstone of his.
Speaker 4: Bullish argument is the big companies like Microsoft and Apple,
and those guys are buying their chips.
Speaker 2: Okay, for right now they are.
Speaker 4: Apple's not using their chip on the new phone They're
they're they're using the Google chip. Right And from the
very beginning, you and I had this conversation where I thought,
if your investment thesis on in videos, that the big
tech companies are going to keep lining their pockets, you're crazy.
And it has nothing to do with in video or
an axe to grind against in video. It's that if
the if the potential of that is that large, and
the and the and the marketplace is that large, and
if your basis for investing in Vidia at this price
is you think they're going to maintain their sixty five
to seventy percent margins, They're not. Like, it's that's not
going to happen. Yeah, right, let me expe stock double
fear before it goes down, yure.
Speaker 1: So let me try this from a Microsoft perspective. Okay,
So there's two entities right now at least looking at
this three actually Microsoft Legal looking at their contracts with video,
how are we restrained? Then there's Microsoft Labs and they're
already looking into what are AA chip's going to be.
Their bet had been based upon DNA, so quantum quantum
processing using human DNA was a big, big bet we're
making out of Microsoft Labs, they're looking at that storing
information that way, faster processing than anything that's ever been seen.
On the other side of that are a bunch of
analysts and they're quants, mathematicians, mit economics people. They are
having constant meetings and they already know what the crossover
point is. They've already put a date certain if these
prices continue in this way, this market share and continues
in this way, we make an entry into that market.
The same thing happened at Google. Google already decided to
make the entry into this. My argument in Nvidia being
the world's most important stock is yard had HP come
along and say we're coming into this. We're going to
cut the price is by one third, No are by
two thirds. The reason it doesn't feel right to me
is with these inflated valuations and this absolute coming competition.
Microsoft and Google know how to cut throats. I'm sure
the people in video know how to do that too.
That Microsoft and Google they've been cutting throats and sucking
blood out of entities for a very very long time,
and when they come for you, they can do some damage.
Speaker 4: Yes, yeah, no, And that to me is that, to
me is the issue that I have with it. I
understand the excitement. I think in video has done an
unbelievable job. I just when you're talking about a company
and people go sit there and look, I just had
a conversation with a klient of mine actually, and he goes, Zach,
but look at the earnings growth. You know, sixty five
is seventy times earnings or whatever they're currently trading at.
I know that's high, but look at the earnings growth
and I go, yeah, but you got to remember that
you got to look at sales. In my opinion, I
think the way you got to look at Nvidia to
get it to conceptualize it is to look at price
time sales. So you look at total revenue, right, and
then you you divide that. You divide the total market
capitalization of the company by the total revenue. Okay, so
the basically say your price time sales, right, like, what
is that equal?
Speaker 2: And if you do that on in video.
Speaker 4: Right now, you're talking about a three three and change
trillion dollar company and it's like three point two trillion,
and I think.
Speaker 2: You're trading north of thirty five times sales.
Speaker 4: Don't quote me, but it's probably somewhere in that thirty
to forty range. That is that is unbelievable for you know,
that's unbelievable for a small cap company. Okay, So what
I'm saying is, I'm not saying they're gonna implode. What
I'm saying is everybody goes, oh, yeah, the future is
so bright, and I'm like, yes, that's priced in.
Speaker 2: Guys, this isn't new, right. Everybody's like, oh, are they
gonna beat? They better, because that's what's priced in now.
Speaker 4: If they beat substanti people to stock go higher, Yeah,
because that's what that's what everybody's gonna do. But no
one's paying attention to the underlying math. And my issue
is not with Nvidia, their capability, their technology, and anything
like that. It's just to buy it here and for
to assume it's a good investment here, because remember it's
when you buy a company, or you invest in a company,
you're investing in what they're gonna do not what they've done. Okay,
so right now you're paying a really high price for
what's already been done. But that price is already really
influenced by what people think it's going to do, right,
So it doing what everybody thinks it going to do.
That's not a win for you. If you own the stock,
it has to do better, meaning meaning you look at
what everybody is extrapolating out, and they're extrapolating as if
these margins aren't going to go anywhere. Okay, so if
you're then that means your base case for Nvidia is
that something is going to happen.
Speaker 2: To a stock that's never occurred before. It's not a
good investment thesis.
Speaker 1: That's you said that so beautifully. That's exactly right. There's
such high expectations. They don't just have to deliver on
high expectations, they have to triple the high expectations, right,
and people are already imagining this thing of this stock,
this this stock in this killer market. This Yahoo Finance says,
if you don't own Nvidia, you're you're you're skipping out
on a tech reveler. In the video, you're you're skipping
out on a tech revolution font but the stock. I
think what you're starting to say is people are imagining
this stock is never going to be affected by competition.
The world's biggest companies are going to leave them alone.
Oh that's not fair. They invented those let's not go
play in that space. The world's biggest companies like Qilett Packard,
who are going to institute the price war, aren't going
to have an effect on this. They're absolute they're going
to have an effect on this.
Speaker 2: Well, let's and let's flip it around.
Speaker 4: The greatest profitability engine of all time has been the
Apple iPhone, right, Well, the vast majority of time Apple
sold those iPhones, they are margins of range between thirty
eight to forty two percent. Okay, the most successful consumer
product in history.
Speaker 2: Okay, so.
Speaker 4: You're looking at a video running at sixty five percent margins,
sixty five to seventy percent margins, and you think that's sustainable.
Fifty percent greater margins than the most successful consumer product
of all time Apple.
Speaker 2: It's just not.
Speaker 4: It's it's to assume that there will be no competition.
And what I'm telling trying to tell people is the
fact that they are running seventy percent margins, guarantees there
will be competition exactly, just guarantees. So it's just it
looks they could go in the near term. You've got
a market that doesn't care. You've got Costco trading at
sixty times earnings. Love Costco price is absurd. You go
Walmart trading at forty times earnings.
Speaker 1: So look, I got what you're saying about Costco. You're
breaking up a little bit. It's just an audio thing.
But that's that's exactly the perfect point. Now I want
to go from discussion of this stuff as a stock
price to what's happening in Europe to tech CEOs and
obviously Lathinka and I and a degree on the aspects
of freedom of this, but what's happening here. We need
to talk about this in terms of company ownership and
the pressure this puts on companies. And we'll get to
this in a second. With Zach Abraham, chief investment officer
of Bulwerk Capital Management. We've got a little tech running
in the office and this truly happened to me, and
Nan will refuse us to go on mike or camera.
Can you just scream something like this is true? When
I walked into the studio just a little bit ago.
What did I say? It smelled like, come on the
microphones thunderstorm. And this is true. And I've been coming
to the seat for six months with the oxy leaf
to thunderstorm device. And I opened the door. I'd been
outside and yet okay, so I was tanning. Whatever are
sons going away? So I decided to get a little
bit of tan I was out there in the field
and I could smell the lake and all this, and
I walk in. I wow, smells like thunderstorm. It kind
of surprises me. If you have anything like the following
in your car, kids, dogs, and your car ends up
stinking and you're in business and you have to drive
people around in your car, Can I suggest something even
to air out your car? This is perfect. If you're
in the car business, you're selling used cars, put these
in the cars instead of that fake new car smell.
I'm telling you, my friend Ben did this with rotten
meat in his truck, with kid puke in his wife's car,
and that baked overnight guy did it on classic cars
he has in his garage that get locked up all
the time. People will sit that in your car is
gonna smell like the thunderstorm Airbnb. Make sure that it
doesn't smell like the last guests we just did an Airbnb.
I'm thinking I should have left one of these behind. No, no,
we smell fine. But you can go to edenpreer deals
dot com enter code todd three to save two hundred
dollars on whole home coverage for any and all those applications.
Denperdeals dot com enter code todd three, Zach, there was
a couple of things that happened in Europe. One of
them was the guy who runs Telegram, his name is
Pavaldiov was arrested. And basically what we're being told is
the French government says, oh well, uh, terrorism and h
and fraud, And really what it comes down to is
he won't censor people. The guy who runs the video trader,
the video platform Rumble, he fled Europe because he thinks
he's facing arrest as well. So there's geopolitical consequences to this,
there's freedom consequences to this. There's godly God is pro
free speech and pro accountability. But talk to me from
a perspective of business, what this means when you're getting
this heavy handed from governments in Europe.
Speaker 2: Man.
Speaker 4: I mean the part that scares me is is I
feel like that, you know, we're not that.
Speaker 2: Far behind right right.
Speaker 4: And I think that's kind of just a I think
at this point, I think it's hard to read it
as anything other than just a preview of what's coming
in other parts of the world.
Speaker 1: The stock market's going to love.
Speaker 2: This, Yeah, well you know what I mean.
Speaker 4: Then they'll then then they'll turn around and juice it
with whatever they've got to juice it to compensate for it. So,
you know, like I keep telling people, I just I
just don't think people realize how far along the path
we are.
Speaker 1: No. I was saying this week, you are in the
fascist revolution in it, I mean the installation of Kamala
Harris with no votes and the seizing of power from
Joe Biden after he sees power from Donald Trump. You're
in it. My question is didn't didn't investors love fascism
in Italy because fascism is no truly governments. Hey, I'm
not trying to be cutesie. Governments and companies become one man,
that's sky high profits because oh you don't want to
purchase our product. Oh well, that's fine. Because we'll put
your competitors in jail. You don't want to use our
messaging app, well we'll use it now that other people.
Speaker 2: In jail may look.
Speaker 4: And it comes off the tales of Zuckerberg's letter that
he wrote the Senate Judiciary Committee the other day, right
where the greatest frustration I have is all of these
quote unquote conspiracy theories, as we all joke about, they
keep getting proven constantly correct.
Speaker 1: Right.
Speaker 4: And furthermore, one of the leading rally calls or rally
cries against Donald Trump, right, Russia collusion and all that
kind of stuff. Oh, there was collusion, and we've heard
it every single step along the way. But then to
have the founder of Facebook step up and say, yes,
we did silence the Hunter Biden stories, Yes we did
the coverage toward Biden. Yes we did, Yes we did,
Yes we did. And you're looking at Americans and going,
wake up, guys. I don't care what sensibilities you have
that you think Donald Trump offends. I don't care what
little guys. Right now you are looking at authoritarianism or
American style democracy, okay, And you your hatred for Donald
Trump is making you gravitate and embrace toward totalitarianism, authoritarianism.
Speaker 2: Don't do this.
Speaker 4: Nobody wins, right, like we Hey, let's have our other
debates over stuff about you know, putting litter boxes and
in high school bathrooms. Let's have that debate later, but
let's all let's all just establish the fact totalitarian totalitarianism
and authoritarianism.
Speaker 2: Is not good for anybody.
Speaker 4: We don't want to end up there right and watching
these people embrace this in light of being scared by
the boogeyman that is the fascist big at Donald Trump.
It's just terrified you because it's so Orwellian where you're
sitting there going, you know, v for Vendetta. You know,
I thought somebody pointed out Elon Musk pointed out really
good the other day. He goes, all of you watched
Lord of the Rings and identify with the Hobbits and Gandalf,
all of you watch the Hunger Games and identify with Catnus.
Speaker 2: All of you watch you know, what was the other
recent one.
Speaker 4: But you know, he's like, you all identify that, and
then you're doing the opposite in your personal lives, right right,
you're voting for.
Speaker 2: The evil Empire.
Speaker 4: I mean, you're and it's really easy to tell. History
provides you all these clues. They provide bread combs right right.
Whatever side is trying to suppress debate or free speech
is always wrong a period.
Speaker 1: I guarantee there are board meetings that are happening right
now at other tech companies that make caps like this.
Go and see we're going to keep censering. Yeah, hey,
I don't know about you. I'm not going to prison
in Europe.
Speaker 2: Well, look, this.
Speaker 4: Is the perverse incentive of running seven percent deficits.
Speaker 2: What's the biggest source of capital flowing in the markets.
It's government.
Speaker 4: So if you want to be the most successful big
cap company, you have to up, baby, you gotta you
gotta be next to the trough right. And and the
biggest flow new capital flowing into this market the sources
the federal government A and the Federal Reserve B. And
if you're not includes, you're gonna get edged out and
and and that nuts and everybody's just voting their pocketbook.
Speaker 2: And it's this whole you ever you ever see this?
You ever see the show The Strain? You ever see
that show?
Speaker 1: I've heard of it, but I've not seen it.
Speaker 2: Interesting show.
Speaker 4: It's it's it's like a they kind of put an
interesting spin on vampires and it's it's literally like a virus.
And anyway, it shows how all of these people are
going through these machinations to put themselves to get greater wealth,
to get greater power. But they're doing it all in
vain because they're doing it helping the evil side that's
gonna use them as a is a juice box for
the next twenty years. Right. But but but it's a
fascinating show to watch because you sit there and you're like,
this is a critique on all of society.
Speaker 2: It really is.
Speaker 4: You're gonna be It's it's like you're gonna be the
one man ruler of nuclear winner congratulates, right, And that's
what they're doing right there. They're vying to get better
positioning on seats on the Titanic and you're like, you're
aiding in a betting the sinking yep, right, And it's
just it's it's horrifying, man, I agree.
Speaker 1: And we're living in it and people don't understand that.
Like the cliche is a fish doesn't know it's wet.
There's one other Ai story I want to share with
you because it's a sign of worshiping systems, and there's
this guy may actually I mean, I don't know if
he's going to get this done, but it's a sign
of worshiping systems. And also this belief in the human mind,
in human wisdom is astonishing to me. Of course, fear
of the Lord is the beginning of wisdom. I'm chatting
with Zach Abram, chief investment officer for Bower Capital Management.
He pushes he publishes something called the Common Sense Investing Guide.
This guide only costs you one thousand dollars. No, I'm sorry,
I'm sorry, it's five hundred bucks. No, I'm sorry. It's free.
It's free. And with the Common Sense Investing Guide, you
can learn about risk management as practiced by Bulwark Capital Management.
Risk management can redoce risk and volatility. I mean, that's
its focus. They do that through active management or portfolios,
which can also reduce risk and volatility. What the heck
does that all mean? Get the guide, read it, and
it might be that you come out of this and
you end up saying, yeah, I get this, I can
go do this. And I bet you Zach would say
go get or done. Check back with me, tell me
how it's going. If you don't think that now is
the time for on the job training. If you're five,
ten or fifteen years from retirement and I happen to
think it's not, that's why Zach manages my money, then
you can turn to him and say, will you do
this for me? Simple easy go to Know your Risk
radio dot com, get the Common Sense Investing Guide or
call eight sixty six seven seven nine Risk gets Know
your Risk radio dot com or eight six six seven
seven nine Risk Borid Comple Dimensions Investment Advisor, Representative, Church
Financial LLCN, sac Rich Investment Advisor, Investment Volve Risk you
could lose money. Past performance doesn't guarantee your future results.
Truck twenty four Desk two four four Know your Risk
gradio dot com. Man I did it really well? Like
that ending part, So Zach. There's a guy who's running
to be a mayor of a city in Colorado. Cheyenne,
Colorado is Shane Colorado. Shan San Whaling, Colorado is not Shank.
He wants to be mayor of Cheyenne, Wyoming, and he's
pledging to manage the sixty five thousand person city exclusively
with a generative AI bought he built himself called vic
or Virtual Integrated Citizen, got your vote?
Speaker 4: No, no, no, I've seen too many Terminator movies. Man, right, yeah,
I'm I'm not voting for Skinnett.
Speaker 1: The hunger that people have to turn themselves over to
anything but God. Right, right, let's let the AI do it.
What will the AI be? It'll be in a massive human
intelligence but really broadly distributed. Okay, So it's going to
search the entire web. Yes, it's going to find the
best answer, yes, based upon what human intelligence. This is
different than cigarett are okay for you? How because that
was human intelligence. It's fine to suck on a weed
and then add tar and stuff to it. This is
better than the food pyramid. How this is better than
eat a bunch of cheese in wheat and you're gonna
be okay. And refined sugar is how well it's mass distributed.
They can't just turn to what God designed is Do
you think God made cheese hard to make on for
a reason? Do you think he made sugar hard to
make for a reason. I like when we made refined sugar,
I bet God's up there going no, here we go. Yeah,
they're gonna be snorting that stuff that amazes me, and
it frightens me every bit as much as this Orwellian
just rush into Kamala Harris's the nominee, you know what
I mean.
Speaker 4: Yeah, No, it's like I said, I especially in light
of the the and I don't want to use the
word surprise because it doesn't surprise me.
Speaker 2: It is still shocking to see, in light of all
the evidence the Zuckerberg.
Speaker 4: Letter, that so many people are still sticking with that line.
The willful ignorance, the desire to put your head under
the sand, the desire to believe all these ridiculous things.
That's the thing that shocks me. And when I say
shock again, it doesn't surprise me. I know that's the
trajectory we've been on. But to watch human beings just
completely set their brain to the side, it it's not
a surprise, but it is dismaying and it is somewhat
shocking to see it.
Speaker 2: It live right like it. You just kind of sit
there and go that that's a bridge too far. Where
can I do that? And here we are.
Speaker 1: See and I don't think it. I mean, I guess
it shocks us because we don't want to think this
way about fellow humans. But let's look at this. Look,
AI is the new cult leader. Yeah, and cult leaders
always make fantastical promises. I'm going to get you into
heaven first, I've got the special way. It's not in
the Bible. It came to me. They always do this,
and AI is going to be the version of this.
And I wonder if the Lawless One is just gonna
be an AI bought right? That comes on, because I
don't think the Bible says it's not going to be
an AI bought be really interested.
Speaker 2: I ain't thought about this, so you just said this.
Speaker 4: But what's really interesting is take the average user of AI,
and I would love to see them do some experiments.
Have the AI tell people to do ridiculous, senseless things
and see how many of them will just do it.
Speaker 1: Oh right, Yeah.
Speaker 4: It arrives me that Office episode, remember where when they're
driving in the car and he's listening to GPS and
he turns into the lake because it told him to.
Speaker 2: Take a ride. Like people will do that.
Speaker 4: You Like, if a computer tells them to do something,
it is like the hand of God.
Speaker 2: All right.
Speaker 1: Like, there's so many sociological experiments like this that are
on video where you put people into these focus groups,
and when there's people with white coats. Okay, so what
we're gonna do is we're gonna experiment with foods. We're
looking at your responses some of the things you're gonna
be looking you're a passive I'm looking at certainly how
you enjoy the food, your verbality about this, and what
you're telling us. But we're we'll be looking at some
indicators like body language and heat, and we'll be measuring
some things. So start out with grapes. People like, oh,
you know, I like grapes because they're tangy and all right.
So now we're gonna put in, you know, a little
grape salsa. So there's grapes also. Okay, well this is
an interesting taste, I guess, sweet and all right. So
now we're gonna add some fish to this. Okay, so
fish and grape, and they're making the thing as disgusting
as they can. But there's actors at the table. So
there's actors that tall. You know, this is actually making
it better. I mean, this is really I mean, I'm
I enjoy this more. And you'll watch the people lying
as they're like, I like it too, and they want
so much to believe. They want so much to be
part of the group. And that's what I think we're
seeing with this AI stuff and people just falling over
for Let the new boss be digital and the video
is the most important stock in the world. And you
know something, Zach as I was considering the program, Kamala
Harris is the kindest, gentlest, most intelligent and empathetic leader
we've ever looked to do in this country.
Speaker 2: There's no treat about that, no debate.
Speaker 1: It happened to us to the course of the show. Brother,
Thank you for joining us. It's always a joy. Say
hi to the family, and we'll see you over here
in the high mountains of Free America soon.
Speaker 2: Right, Yeah, sounds good man, Thanks for having me fun
As always.
Speaker 1: This is the Todd Herman Show. Please go, be well,
be strong, be kind, and please make every effort to
walk in the light of Christ.