1 00:00:00,240 --> 00:00:03,480 Speaker 1: So Kamala Harris in her team, the people who run her, 2 00:00:03,520 --> 00:00:07,320 the people who boss her around. They've got some tax 3 00:00:07,440 --> 00:00:10,599 increases and they want to some of this is starting 4 00:00:10,640 --> 00:00:13,759 to take form. It's about a oh they count this up, 5 00:00:14,160 --> 00:00:20,920 number zeros five trillion in new taxes. Wants the Trump 6 00:00:20,960 --> 00:00:23,519 tax cuts to expire, leading the sixty two percent of 7 00:00:23,600 --> 00:00:26,879 houses seeing a tax hike. That's for the little people. 8 00:00:26,960 --> 00:00:30,199 You know, she accepted the nomination that never occurred. There was, 9 00:00:30,760 --> 00:00:32,960 you know, no nomination, but she accepted it on behalf 10 00:00:33,000 --> 00:00:36,039 of the people. Plus how about a billion dollar secret 11 00:00:36,200 --> 00:00:39,920 migrant spending and what is the most important stock in 12 00:00:39,960 --> 00:00:41,119 the entire. 13 00:00:42,679 --> 00:00:43,479 Speaker 2: World? 14 00:00:44,880 --> 00:00:48,079 Speaker 1: Zach Abraham joins US chief investment officer Bowart Capital Management. 15 00:00:48,079 --> 00:00:50,439 We do this with the help of meg, Breakthrough, dot com, 16 00:00:50,520 --> 00:00:53,840 Slash Todd Free, last chance at a free bottle, and 17 00:00:54,000 --> 00:00:56,759 of course with the great help of God Almighty. 18 00:00:57,640 --> 00:01:03,000 Speaker 3: The Todd Herman Show is disapproved by big pharma technocrats 19 00:01:03,079 --> 00:01:10,000 and tyrants everywhere from the high mountains of Free America. 20 00:01:10,719 --> 00:01:15,640 Here's the Emerald City exile God her Man. 21 00:01:23,400 --> 00:01:25,760 Speaker 1: Today is the day the Lord has made in These 22 00:01:25,799 --> 00:01:28,000 are the time so which God has decided we shall live. 23 00:01:29,120 --> 00:01:32,680 Zach Abraham, my friends, my brother, chief investment officer Bulbock 24 00:01:32,680 --> 00:01:39,920 Capital Management joins us so Zach. That nomination process painstaking, exacting, 25 00:01:40,200 --> 00:01:42,200 lots of you know, debate from the floor. For a 26 00:01:42,200 --> 00:01:45,799 while there, it looked a lot like Kamala Harris was 27 00:01:45,840 --> 00:01:48,280 going to pull that out and just just run away 28 00:01:48,319 --> 00:01:51,640 with Oh, that's right, there was actually no nomination process. 29 00:01:53,079 --> 00:01:55,519 If you did that on a board of director's true story, 30 00:01:55,519 --> 00:01:58,040 A true question, real question. If you did that an 31 00:01:58,079 --> 00:02:01,799 election for a board of director position on a public company, 32 00:02:01,920 --> 00:02:02,760 what would happen to you? 33 00:02:03,840 --> 00:02:06,200 Speaker 2: I yeah, I haven't thought about it. In those I 34 00:02:06,239 --> 00:02:06,959 don't think you can. 35 00:02:07,760 --> 00:02:09,520 Speaker 1: You can't just sol a person. There has to be 36 00:02:09,560 --> 00:02:09,960 a vote. 37 00:02:10,000 --> 00:02:13,800 Speaker 4: No, Yeah, every single every single, every single board is 38 00:02:13,800 --> 00:02:15,960 gonna have you know, their their their rules and their 39 00:02:16,000 --> 00:02:18,960 standardized practices, and they can't deviate from that unless there's 40 00:02:18,960 --> 00:02:20,199 extraordinary circumstances. 41 00:02:20,240 --> 00:02:21,360 Speaker 2: But yeah, I mean it. 42 00:02:21,680 --> 00:02:23,439 Speaker 4: And it's pretty wild to see, right, you're just gonna 43 00:02:23,439 --> 00:02:25,960 plug somebody in there for the presidential you know, for 44 00:02:26,000 --> 00:02:28,919 the White House, for the Oval Office, and we're not 45 00:02:29,000 --> 00:02:31,319 even it's not even gonna face the same scrutiny as 46 00:02:31,719 --> 00:02:32,560 a board position. 47 00:02:32,759 --> 00:02:33,800 Speaker 2: I mean, it's pretty wild. 48 00:02:34,000 --> 00:02:37,400 Speaker 1: I find this crazy about Republicans is Republicans are so 49 00:02:37,439 --> 00:02:40,840 good at opening their mouths and letting the left insert words. 50 00:02:42,240 --> 00:02:45,039 And the word that's been inserted is nominee. She's not 51 00:02:45,159 --> 00:02:50,080 the stinking nominee. She's the selectee. She's the placement, she's 52 00:02:50,120 --> 00:02:54,280 the anointed, she's the queen, she's the power grabber, she 53 00:02:54,599 --> 00:02:57,599 sees power. She's the coup at. 54 00:02:57,919 --> 00:03:01,840 Speaker 4: But yeah, they don't yeah, yeah, but they don't accept 55 00:03:01,879 --> 00:03:04,360 the talking points from the Democrats. They accept them from 56 00:03:04,360 --> 00:03:07,360 the media, right, Like, the only way they can get 57 00:03:07,360 --> 00:03:09,759 the only way that the Democrats can get away, the 58 00:03:09,759 --> 00:03:11,439 only way the left gets away with this is because 59 00:03:11,439 --> 00:03:12,919 the media is covering the tracks costly. 60 00:03:12,919 --> 00:03:14,599 Speaker 2: I mean, they just take every you. 61 00:03:14,520 --> 00:03:18,159 Speaker 4: Know, they oh, the presidential nominee, you know, the democratic nominee, 62 00:03:18,159 --> 00:03:18,960 over and over and over. 63 00:03:19,240 --> 00:03:21,039 Speaker 2: You know, Trump's a racist, she's the nominee and the 64 00:03:21,080 --> 00:03:23,280 savior of democracy. And if we say it enough times, it's. 65 00:03:23,120 --> 00:03:26,919 Speaker 1: So and Republicans take it and they regurgitated. It's like 66 00:03:27,080 --> 00:03:30,159 using the word transgender. Oh, okay, that's the word. That's 67 00:03:30,199 --> 00:03:33,159 what we'll use. Great, you have just legitimized the idea 68 00:03:33,159 --> 00:03:34,919 that people are born in the wrong body. Which is 69 00:03:34,960 --> 00:03:38,120 an illegitimate thought. What did you think of RFK Junior 70 00:03:38,120 --> 00:03:38,560 in that move? 71 00:03:41,680 --> 00:03:44,039 Speaker 4: I think it further confirmed what I thought about the guy. 72 00:03:44,560 --> 00:03:49,199 And what I thought about the guy was he really 73 00:03:49,240 --> 00:03:53,919 made me reminisce and have fond memories of days of yorm, 74 00:03:54,560 --> 00:03:56,840 of the debates that we used to have when I 75 00:03:56,879 --> 00:04:00,199 was a kid. Right, meaning, look, he's still well to 76 00:04:00,240 --> 00:04:04,400 the left of me, but he cares about this country. 77 00:04:04,439 --> 00:04:07,919 He believes in free markets, he believes in what makes 78 00:04:08,000 --> 00:04:11,479 us uniquely American, and he believes Staunton in the Constitution 79 00:04:11,759 --> 00:04:12,599 and the Bill of Rights. 80 00:04:13,039 --> 00:04:15,120 Speaker 2: And it's funny you and I have. 81 00:04:15,080 --> 00:04:17,759 Speaker 4: Had this conversation before, but the extremists of the left 82 00:04:17,759 --> 00:04:21,480 have made some really strange bedfellows. And you know, for instance, 83 00:04:21,519 --> 00:04:23,959 if I woke up tomorrow, now is it the ticket 84 00:04:24,000 --> 00:04:24,879 that I would construct? 85 00:04:24,879 --> 00:04:24,959 Speaker 1: Know? 86 00:04:25,639 --> 00:04:27,399 Speaker 4: But if I woke up tomorrow and you told me 87 00:04:27,480 --> 00:04:31,040 that RFK and Tilca Gabbard were the new president and 88 00:04:31,079 --> 00:04:34,480 vice president, I would be pleased that I would sleep 89 00:04:34,519 --> 00:04:37,600 well at night, Like are there things? 90 00:04:37,600 --> 00:04:38,319 Speaker 2: I just yes? 91 00:04:38,720 --> 00:04:41,279 Speaker 4: Again, you know, I think all too often in politics 92 00:04:41,360 --> 00:04:42,720 we make well. 93 00:04:42,800 --> 00:04:43,879 Speaker 2: I think it cuts both ways. 94 00:04:43,879 --> 00:04:46,120 Speaker 4: I think sometimes we put up with too much from 95 00:04:46,199 --> 00:04:49,439 people just because they're on our side, then the other, 96 00:04:50,120 --> 00:04:51,959 then the other. The flip side of that coin is, 97 00:04:52,279 --> 00:04:53,439 I think we run. 98 00:04:53,279 --> 00:04:55,480 Speaker 2: People through too perfect of a. 99 00:04:55,399 --> 00:04:59,319 Speaker 4: Funnel, right, Ye, Like, meaning, guys, we got to keep 100 00:04:59,319 --> 00:05:01,519 in mind, we're not picking the pastor of a church. 101 00:05:01,560 --> 00:05:04,360 Speaker 2: We're picking the leader of a giant organization. Right. 102 00:05:05,160 --> 00:05:06,959 Speaker 4: Does it mean that we shouldn't apply some of the 103 00:05:06,959 --> 00:05:10,160 same metrics to somebody that we applied to the pastor 104 00:05:10,160 --> 00:05:14,199 of a church. No. I think that there's some very 105 00:05:14,319 --> 00:05:18,600 needed skills and abilities and morality that would be applicable 106 00:05:18,600 --> 00:05:21,720 in both positions. But at the same time, I'm not 107 00:05:21,759 --> 00:05:24,759 going to use the same filter for those people. And 108 00:05:24,959 --> 00:05:27,319 it's just funny. My standard has dropped a lot lower 109 00:05:27,360 --> 00:05:29,480 where you know, you and I might disagree on some 110 00:05:29,519 --> 00:05:31,600 pretty big issues, but if you're a defender of free 111 00:05:31,600 --> 00:05:33,160 speech and the Bill of Rights and you believe in 112 00:05:33,199 --> 00:05:36,199 free markets, then I'm like, hey, buddy, you know we 113 00:05:36,240 --> 00:05:37,360 can hang out anytime. 114 00:05:37,480 --> 00:05:37,639 Speaker 2: Right. 115 00:05:38,040 --> 00:05:41,439 Speaker 4: The bar has done so low, And I just think 116 00:05:42,199 --> 00:05:44,160 the other thing I think it's unbelievable is if you 117 00:05:44,160 --> 00:05:46,199 would have told me that there was going to be 118 00:05:46,279 --> 00:05:50,800 a day where Bobby Kennedy's son, most prominent son came 119 00:05:50,839 --> 00:05:56,079 out and endorsed a Republican candidate for president, and he 120 00:05:56,120 --> 00:05:58,879 would be painted as a whack job and a pariah 121 00:05:58,920 --> 00:06:01,800 in public. I would have told you, like, come on, 122 00:06:02,079 --> 00:06:05,920 even the Simpsons can't write something that crazy, right, And 123 00:06:06,000 --> 00:06:06,759 yet here we are. 124 00:06:07,399 --> 00:06:10,639 Speaker 2: Rfk's now stumping for the guy, and. 125 00:06:10,560 --> 00:06:13,439 Speaker 4: He's still a bigot, a homophobe, a racist, and extremist. 126 00:06:13,920 --> 00:06:14,920 Speaker 2: You just can't make it up. 127 00:06:15,279 --> 00:06:17,439 Speaker 1: No, And the thing is this. The more I looked 128 00:06:17,480 --> 00:06:20,680 into and I can't remember what it was, it caused me. 129 00:06:20,839 --> 00:06:23,040 Oh no, I remember it was the CIA guy who 130 00:06:23,040 --> 00:06:24,600 went on Tucker's show and said, oh, yeah, yeah, we 131 00:06:24,720 --> 00:06:27,360 killed Kennedy. And I went and read this book called 132 00:06:27,680 --> 00:06:31,560 JFK and the Unthinkable, and all of the new documents 133 00:06:31,600 --> 00:06:35,120 on this about JFK's war with the Intelligence Services, his 134 00:06:35,160 --> 00:06:37,639 refusal to take US into war, his refusal to send 135 00:06:37,720 --> 00:06:40,759 troops to Vietnam, his refusal to nuke Russia. They wanted 136 00:06:40,839 --> 00:06:44,040 him to nuke Russia, and the creation of this project 137 00:06:44,079 --> 00:06:48,720 called Project Northwoods, which called for false flag attacks against 138 00:06:48,800 --> 00:06:51,959 US troops on our soil. And in fact, I think 139 00:06:52,040 --> 00:06:54,639 you've read it correctly. It's the taking out of Kennedy. 140 00:06:55,240 --> 00:06:57,079 Trump did the same thing. No, I don't want to 141 00:06:57,120 --> 00:06:59,079 go to war. No I do not want to go 142 00:06:59,079 --> 00:07:01,120 get into the same with social Why is rush our enemy? Like, 143 00:07:01,199 --> 00:07:04,439 someone tell me why there are enemy? There's these comparisons. 144 00:07:04,480 --> 00:07:06,680 So in a way, it's also it kind of feels 145 00:07:06,680 --> 00:07:09,600 like God taking two people who are kind of far 146 00:07:09,639 --> 00:07:12,920 apart in some things like the injections, bringing them together 147 00:07:13,040 --> 00:07:16,000 and maybe again for his glory. It might well be 148 00:07:16,600 --> 00:07:19,959 some economic stuff we got to talk about. Personally, I 149 00:07:20,040 --> 00:07:21,720 just need to talk with you about my taxes. Can 150 00:07:21,800 --> 00:07:23,720 I get the forms out real quick? And oh wait, no, 151 00:07:23,759 --> 00:07:26,879 I'm sorry, wait, we'll not do that right here. Well, 152 00:07:27,000 --> 00:07:28,759 no I said anything like that, but there are some 153 00:07:28,800 --> 00:07:31,279 things we need to talk about, including the world's most 154 00:07:31,319 --> 00:07:34,079 important stock. Will do that with Zach Abraham, chief investment 155 00:07:34,120 --> 00:07:37,439 officer Bullwarck Capital Management. I'll just do this real quick. 156 00:07:38,360 --> 00:07:43,160 If you're snacking on ibuprofen, you're a fool a jack. Well, well, 157 00:07:43,199 --> 00:07:45,120 I was gonna say something nasty, but then again, I'm 158 00:07:45,120 --> 00:07:48,959 talking about me. Yep, little me going to bed at night, 159 00:07:49,040 --> 00:07:51,920 taking out four of those beautiful orange pills and man 160 00:07:52,000 --> 00:07:54,600 are they beautiful, sucking them down as my wife looks 161 00:07:54,600 --> 00:07:59,160 at me. And says, are those hyberprofen Yeah? Okay, do 162 00:07:59,199 --> 00:08:02,759 you remember that you're My dad died and the autopsy 163 00:08:02,800 --> 00:08:07,279 said liver disease. Yeah, but I'm not my dad. Okay, 164 00:08:07,399 --> 00:08:09,959 so you're gonna eat more of those mm hmm. This 165 00:08:10,040 --> 00:08:12,319 is something else it would work to fight inflammation. Nope, 166 00:08:12,360 --> 00:08:17,120 fish oil doesn't work. Along comes native pathcrow. Jen from 167 00:08:17,160 --> 00:08:19,519 Radio Sales Ready Micro Sales says, hey, will you try this? 168 00:08:19,639 --> 00:08:19,759 Speaker 2: Now? 169 00:08:19,800 --> 00:08:22,319 Speaker 1: I've tried the fishil. It's not fish oil comes from 170 00:08:22,360 --> 00:08:22,800 a shell fish. 171 00:08:22,839 --> 00:08:23,000 Speaker 3: Yeah. 172 00:08:23,040 --> 00:08:24,600 Speaker 1: Yeah, it's going to be big and different. Okay, fine, 173 00:08:24,639 --> 00:08:26,600 I'll try it because they're thinking about buying ads on 174 00:08:26,639 --> 00:08:30,480 the show. I try it and three days later I go, wait, 175 00:08:30,639 --> 00:08:33,360 hold on, wait a minute. I haven't had inflammation since 176 00:08:33,360 --> 00:08:35,720 I started taken this stuff. So I put together a 177 00:08:35,759 --> 00:08:37,639 phone call and the team gets back on. They go, yeah, 178 00:08:37,679 --> 00:08:39,360 didn't we tell you this the first time? Are you slow? 179 00:08:39,399 --> 00:08:43,240 I said, yeah, I'm slow. I here's the deal. Antioxidant's 180 00:08:43,279 --> 00:08:45,840 vitamin E, vitamin C. This stuff is six thousand times 181 00:08:45,919 --> 00:08:49,320 more absorvable than vitamin C, five hundred times more absorvable 182 00:08:49,360 --> 00:08:52,440 than vitamin E. Therefore, you get more for your money 183 00:08:52,480 --> 00:08:55,399 and it actually works iyberpopef's been out of my life 184 00:08:55,399 --> 00:08:57,799 for six months, despite the insane things I do to 185 00:08:57,840 --> 00:09:01,279 my body. Stop snacking on farm at night. Go to 186 00:09:01,440 --> 00:09:04,759 nativepathcurrill dot com slash todd. See the specials they've got 187 00:09:04,759 --> 00:09:07,559 for you there. It's nativepathcrill dot com slash todd. Hint, 188 00:09:07,639 --> 00:09:09,600 the more you buy, the more you save. I just 189 00:09:09,639 --> 00:09:12,639 bought a new supply yesterday, and I got free shipping 190 00:09:12,639 --> 00:09:15,120 because I bought a lot of it up front nativepathcrill 191 00:09:15,159 --> 00:09:18,080 dot com slash todd. So's that couple of economic things. 192 00:09:18,799 --> 00:09:23,360 I get the political reason that they're importing illegal immigrants 193 00:09:23,399 --> 00:09:26,200 into states like Massachusetts, and I think we all get 194 00:09:26,200 --> 00:09:29,559 this now. Our dear departed friend, Dori Monson, God rest him. 195 00:09:29,840 --> 00:09:32,320 He was one of the first to notice that, Hey, 196 00:09:32,360 --> 00:09:34,759 you know what, we have a whole bunch of congressional 197 00:09:34,759 --> 00:09:38,240 seats that are result of illegal immigration. He started talking about, 198 00:09:38,279 --> 00:09:41,440 I started talking about. Now, it's nomenclature. Everybody gets this. 199 00:09:42,000 --> 00:09:44,759 That's the political reason. And they intend to have ballots 200 00:09:44,759 --> 00:09:46,600 out there floating around so that they can take those 201 00:09:46,639 --> 00:09:50,240 ballots and use them for vote fraud. But the Massachusetts 202 00:09:50,879 --> 00:09:54,600 GOP has noticed that there's a secret one billion dollar 203 00:09:54,679 --> 00:09:59,279 program for housing and bringing in illegal immigrants. What is 204 00:09:59,320 --> 00:10:03,360 the possible economic argument for this from a perspective of 205 00:10:03,639 --> 00:10:04,440 big business. 206 00:10:06,399 --> 00:10:10,240 Speaker 4: Well, it's it's funny you ask about this because I 207 00:10:10,279 --> 00:10:16,600 was thinking about this recently. You've got such a an 208 00:10:16,639 --> 00:10:20,960 anti life push on the left right where and don't 209 00:10:21,039 --> 00:10:23,080 and and and don't take this as gospel. But I 210 00:10:23,240 --> 00:10:26,200 think if you extract minorities out of the equation. In 211 00:10:26,240 --> 00:10:31,200 the United States, I believe the white population in the 212 00:10:31,279 --> 00:10:33,600 United States has a negative birth rate, and I think 213 00:10:33,679 --> 00:10:38,960 overall all naturalized United States and so I'm not sure 214 00:10:39,000 --> 00:10:42,000 how the study defined immigrants, but I think it's it 215 00:10:42,080 --> 00:10:44,279 was here less than two years or something like that. 216 00:10:44,759 --> 00:10:49,320 But basically you're at stall speed on the birth rate, 217 00:10:49,399 --> 00:10:53,639 and that the only positive inclination on population growth is 218 00:10:53,639 --> 00:11:00,559 is uh immigration. Yeah, and then immigrants naturally are going 219 00:11:00,600 --> 00:11:02,120 to have a higher birth rate, right. 220 00:11:03,879 --> 00:11:07,799 Speaker 2: At least in the first generation or so here, and so. 221 00:11:09,440 --> 00:11:11,759 Speaker 4: It really is bizarre. Yeah, I think that there's a 222 00:11:12,279 --> 00:11:14,600 I think that there's a push. I think it's Look, 223 00:11:14,639 --> 00:11:17,679 I mean, why did we outsource to China in the 224 00:11:17,720 --> 00:11:20,399 first place was for discount and labor, Right, So you've 225 00:11:20,399 --> 00:11:22,919 got the Chinese issues. Now, I think in someone that's 226 00:11:22,919 --> 00:11:26,480 incentivized the greater inflow of illegal immigration. 227 00:11:26,679 --> 00:11:28,360 Speaker 2: I don't know that to be true. 228 00:11:28,399 --> 00:11:30,639 Speaker 4: Obviously I'm not a part of those conversations, but it 229 00:11:30,759 --> 00:11:33,600 is interesting to me that, you know, you really you 230 00:11:33,639 --> 00:11:36,919 start in a fairly aggressive and purposeful offshoring out of 231 00:11:37,039 --> 00:11:39,399 China for the first time in twenty years, and then 232 00:11:39,639 --> 00:11:41,919 within you know, three years of that, you've got a 233 00:11:41,919 --> 00:11:45,039 wide open southern border. Those could be coincidence, they shure, 234 00:11:45,039 --> 00:11:47,639 doesn't look like it to me, but yeah, I mean, 235 00:11:47,679 --> 00:11:50,519 I think it's just them offsetting the negative birth rate here. 236 00:11:50,919 --> 00:11:54,440 And if I put on my conspiracy hat, I think 237 00:11:54,639 --> 00:11:58,960 it is probably to blur international lines, right like moving 238 00:11:59,000 --> 00:12:01,519 toward a one world govern And it used to be 239 00:12:01,559 --> 00:12:02,120 you sound like. 240 00:12:02,039 --> 00:12:03,600 Speaker 2: A crackpot conspiracy theorist. 241 00:12:04,320 --> 00:12:06,200 Speaker 4: You know, if you just listen to people at the IMF, 242 00:12:06,240 --> 00:12:09,519 you listen to even people at the European Union, there's 243 00:12:09,600 --> 00:12:12,679 no you know, look, they want to recreate Lenins. You 244 00:12:12,720 --> 00:12:14,399 know what if there's no hell and no heaven and 245 00:12:14,480 --> 00:12:16,919 no religion too, like, you know, that's what they want. 246 00:12:17,080 --> 00:12:19,919 And if you're coming at things from a secular worldview, 247 00:12:20,200 --> 00:12:22,039 I understand why they want that. 248 00:12:22,440 --> 00:12:22,600 Speaker 2: Right. 249 00:12:22,600 --> 00:12:24,639 Speaker 4: If we want to eliminate war and poverty, let's get 250 00:12:24,720 --> 00:12:26,440 rid of governments, right. 251 00:12:26,360 --> 00:12:29,360 Speaker 1: Right, right, and let's get rid of belief in God, 252 00:12:29,399 --> 00:12:31,799 because we can construct our own heaven and our own earth. 253 00:12:32,039 --> 00:12:33,639 But we'll do it the right way. Because God he's 254 00:12:33,720 --> 00:12:36,039 running around making all those rules and stuff. He's got 255 00:12:36,120 --> 00:12:38,519 all these ideas and they, hey, don't do this and 256 00:12:38,559 --> 00:12:40,799 don't do that, and it's like, dude, what do you know. 257 00:12:41,159 --> 00:12:43,279 I mean, if you ever put on a pair of shoes, 258 00:12:43,360 --> 00:12:44,799 they're hard, right. 259 00:12:44,720 --> 00:12:47,720 Speaker 4: Well, and he's into this whole consequence thing, right, Like 260 00:12:48,000 --> 00:12:48,559 I don't want. 261 00:12:48,399 --> 00:12:50,919 Speaker 1: To deal with that's so stinking annoying. And then let's 262 00:12:50,960 --> 00:12:53,320 just okay, by the way, where are there limits on heaven? 263 00:12:53,799 --> 00:12:56,399 I mean, you know, there shouldn't be a border. We 264 00:12:56,440 --> 00:12:58,879 want heaven to be just like earth. And then God saying, 265 00:12:59,480 --> 00:13:02,080 why it? Why would I do that? 266 00:13:02,440 --> 00:13:02,639 Speaker 4: Right? 267 00:13:02,960 --> 00:13:03,320 Speaker 1: Right? 268 00:13:03,720 --> 00:13:03,960 Speaker 4: Yeah? 269 00:13:04,120 --> 00:13:06,440 Speaker 2: I or money or sexual partners. Why should I have 270 00:13:06,480 --> 00:13:08,440 a restraint on anything? Man? 271 00:13:09,039 --> 00:13:12,399 Speaker 1: God said, you do notice the diseases and the depression, 272 00:13:12,519 --> 00:13:15,080 And but okay, you guys, go do this thing. Let 273 00:13:15,120 --> 00:13:17,000 me get to one other kind of economic thing, and 274 00:13:17,000 --> 00:13:18,799 then we've got to get to the world's most important 275 00:13:18,840 --> 00:13:23,000 stock so Kamala Harris and the people who run her, they 276 00:13:23,039 --> 00:13:27,679 want a five five trillion in new taxes. They want 277 00:13:27,679 --> 00:13:30,799 to let the Trump tax cuts expire. So Wallstreet Journal says, 278 00:13:30,799 --> 00:13:33,159 at least the sixty sero percent of households seeing a 279 00:13:33,240 --> 00:13:38,120 tax hike, she wants to give money like California's one 280 00:13:38,200 --> 00:13:40,679 hundred and fifty grand for illegal immigrants to have houses. 281 00:13:41,799 --> 00:13:44,120 If you are looking at this from a perspective of 282 00:13:44,320 --> 00:13:47,919 the retirement accounts of the people listening to and are 283 00:13:47,960 --> 00:13:51,039 watching us right now, five ten, fifteen years out, that's 284 00:13:51,080 --> 00:13:53,799 what you do. Risk management, active management portfolios that can 285 00:13:53,799 --> 00:13:55,919 actually reduce risk and volatility. I'm good at that, right. 286 00:13:56,399 --> 00:13:58,679 So when you look at it this way, if this 287 00:13:58,799 --> 00:14:02,759 comes to pass, what are the first things you think 288 00:14:02,799 --> 00:14:05,279 get hit economically in terms of stock knowing that the 289 00:14:05,320 --> 00:14:06,879 FED is going to do everything they can to monkey 290 00:14:06,840 --> 00:14:08,159 around and make it look like it's okay. 291 00:14:09,639 --> 00:14:11,519 Speaker 2: Yeah, Absurdly. 292 00:14:13,200 --> 00:14:15,360 Speaker 4: And I don't like saying this, but absurdly it probably 293 00:14:15,759 --> 00:14:20,519 bullish the stock market. So yeah, and and listen, you're 294 00:14:20,600 --> 00:14:24,279 you're at a point where we all have to accept 295 00:14:24,320 --> 00:14:27,399 the fact that in a world of we're just printing 296 00:14:27,399 --> 00:14:29,399 money or we're conjuring money out of thin air is 297 00:14:29,440 --> 00:14:31,679 giving it away at the end. 298 00:14:31,559 --> 00:14:32,039 Speaker 2: Of the day. 299 00:14:32,320 --> 00:14:35,120 Speaker 4: There's two ways that asset prices go up, right, Either 300 00:14:35,159 --> 00:14:37,799 they become more productive, which means they yield more profit, 301 00:14:39,240 --> 00:14:42,720 or you just increase the or you increase the numinator 302 00:14:43,080 --> 00:14:46,440 enumertor and you decrease the denominator, meaning you lower the 303 00:14:46,519 --> 00:14:49,360 value of the of the if nothing like let's say 304 00:14:49,399 --> 00:14:52,559 house prices didn't change for a decade, but the currency 305 00:14:52,639 --> 00:14:56,399 devalued by forty percent over that same decade, housing prices 306 00:14:56,559 --> 00:15:01,000 in that in terms of that currency went up forty percent, Right, 307 00:15:01,559 --> 00:15:04,200 So I think you're I think you're right there at 308 00:15:04,200 --> 00:15:08,960 that point now where increase spending and increasingly irresponsible things 309 00:15:08,960 --> 00:15:12,480 that are going to have deleterious impacts on society, on culture, 310 00:15:12,919 --> 00:15:15,799 long run financial viability of the United States. I think 311 00:15:15,840 --> 00:15:17,639 those things are going to be beneficial for the stock 312 00:15:17,679 --> 00:15:19,320 market and in a lot of ways. You see it 313 00:15:19,399 --> 00:15:21,279 right now, right like you see an economy that is 314 00:15:21,320 --> 00:15:25,559 clearly sputtering and slowing. It's not disaster area by any 315 00:15:25,559 --> 00:15:28,279 stretch of the imagination, but you I don't think anybody's 316 00:15:28,279 --> 00:15:32,399 stopping to think you have a sputtering economy growth is decelerating. 317 00:15:32,480 --> 00:15:35,799 Speaker 2: It's not alarming, but while running seven. 318 00:15:35,559 --> 00:15:40,120 Speaker 4: Percent deficits Okay, that's like saying, hey, yeah, the gas 319 00:15:40,159 --> 00:15:42,960 tanks only showing a third to a fourth, you know, 320 00:15:43,240 --> 00:15:45,480 only having a third or a fourth in it. But look, 321 00:15:45,919 --> 00:15:48,080 you know that's that's far from empty. And you're like, yeah, man, 322 00:15:48,120 --> 00:15:50,639 but we're pumping gas in this thing at the same time, 323 00:15:51,159 --> 00:15:52,279 right we which means you got. 324 00:15:52,120 --> 00:15:53,320 Speaker 2: A hole in the tank. 325 00:15:53,399 --> 00:15:55,360 Speaker 1: Yeah, but there's there's some hills. We're gonna go down 326 00:15:55,360 --> 00:15:58,320 some hills, yeah, reight, so but wait then you're going 327 00:15:58,360 --> 00:16:01,240 to go up some hills. Right, we can coast going 328 00:16:01,279 --> 00:16:05,919 down the hills, so then the hills aren't as steep, right, yeah, 329 00:16:06,000 --> 00:16:08,639 as you're drive into Because this happens on the West coast. 330 00:16:08,679 --> 00:16:10,480 Do you know what max milers are. 331 00:16:12,279 --> 00:16:12,639 Speaker 2: Now? 332 00:16:12,679 --> 00:16:17,399 Speaker 1: So these are people who the drive hybrids and they 333 00:16:17,399 --> 00:16:20,679 do a lot of coasting. So their whole game is 334 00:16:20,720 --> 00:16:22,879 I'm gonna stretch a gas tank as much as I 335 00:16:22,919 --> 00:16:25,480 possibly can. And you can tell when you're falling a 336 00:16:25,519 --> 00:16:28,039 max miler because they keep going in and out of neutral. 337 00:16:28,480 --> 00:16:30,960 So if you're watching them, to just slow down, they're 338 00:16:31,000 --> 00:16:32,960 like forty nine miles and then they just goose the 339 00:16:32,960 --> 00:16:35,600 car just a little bit, and they just keep doing that. 340 00:16:35,639 --> 00:16:39,320 There's just these absolute menaces, but they're just obsessively looking 341 00:16:39,399 --> 00:16:41,799 at the at the dials, oh my gosh, and they 342 00:16:41,840 --> 00:16:44,360 have their little websites. I got one hundred miles to 343 00:16:44,399 --> 00:16:47,240 the gallon and there's this guy behind me in a 344 00:16:47,279 --> 00:16:50,159 truck just like steam and I loved it because he's 345 00:16:50,200 --> 00:16:53,440 getting thirty. But it's it's sort of the same thing 346 00:16:53,440 --> 00:16:56,200 with our economy. Right, we'll just coast and then there's 347 00:16:56,240 --> 00:16:59,000 the hills and but it's all good. But wait, we're 348 00:16:59,039 --> 00:17:01,360 down now, we're down to attentive a tank. Yeah, but 349 00:17:01,399 --> 00:17:05,160 there's a big flat stretch we can push the car. 350 00:17:05,880 --> 00:17:08,680 Speaker 4: Yeah yeah, yeah, we'll open the doors and kick our 351 00:17:08,680 --> 00:17:09,599 feet like flint. 352 00:17:09,319 --> 00:17:10,599 Speaker 1: Stones, right right exactly. 353 00:17:11,000 --> 00:17:12,400 Speaker 2: I've actually done that before. 354 00:17:12,440 --> 00:17:14,400 Speaker 4: But it wasn't because I was trying to break any 355 00:17:14,480 --> 00:17:18,359 land records. It was because i'd inadvertently gone. 356 00:17:18,119 --> 00:17:19,920 Speaker 2: Past the last gas station. 357 00:17:20,079 --> 00:17:21,960 Speaker 4: Oh yeah, and I could have sworn there was another 358 00:17:21,960 --> 00:17:25,160 one in between. So I was actually coming down what 359 00:17:25,240 --> 00:17:27,400 is it, blew it pass? This wasn't that long ago. 360 00:17:27,640 --> 00:17:29,000 I was going to meet some buddies over on the 361 00:17:29,000 --> 00:17:32,119 eastern side of the mountain. And I kept thinking I 362 00:17:32,160 --> 00:17:35,000 was coming out of that got off on ninety and 363 00:17:35,039 --> 00:17:37,440 went through just the outskirts of Kleelum and went past 364 00:17:37,440 --> 00:17:39,319 the gas stations like, no, there's another one before the 365 00:17:39,359 --> 00:17:42,279 pass starts. Well, I remembered wrong, there wasn't. The one 366 00:17:42,279 --> 00:17:43,720 I was thinking of was on the other side of 367 00:17:43,720 --> 00:17:46,519 the pass. Yeah, so I was going up on fumes. 368 00:17:46,559 --> 00:17:49,039 I was coasting down the back in Neutral. 369 00:17:49,519 --> 00:17:52,599 Speaker 1: I have done the same act. I've done the same thing, 370 00:17:53,079 --> 00:17:56,160 and it was I went into Klielum to stop, I'll 371 00:17:56,160 --> 00:17:58,480 get gas here, and then for whatever reason, there was 372 00:17:58,519 --> 00:18:02,200 some event there like a trail run or something, and 373 00:18:02,319 --> 00:18:04,880 all the gas stations about. But I'm good now now 374 00:18:05,920 --> 00:18:10,079 I'll make it to in what Clailum, No, Ellensburg. I'm fine. 375 00:18:10,640 --> 00:18:13,119 And then I get to I'm head of Ellensburg, and 376 00:18:13,160 --> 00:18:17,759 then there's the traffic slow down. Oh hold on, and 377 00:18:17,799 --> 00:18:20,000 now I'm been idle and now it's like that forty 378 00:18:20,000 --> 00:18:22,599 five minute thing and you're just watching. I'll keep turning 379 00:18:22,599 --> 00:18:26,319 the car off and it's ninety degrees right, sweat and bullets. 380 00:18:26,359 --> 00:18:28,599 And I did the same thing of rolling into the 381 00:18:28,640 --> 00:18:30,960 gas station like that is not a red light that 382 00:18:31,039 --> 00:18:33,559 looks amber to me roll around the corner and up 383 00:18:33,599 --> 00:18:35,480 to the tank. Oh yes, I've done that. It's just 384 00:18:35,599 --> 00:18:37,400 throw Now I want to try it again. Now I 385 00:18:37,440 --> 00:18:39,920 get the Max Miler thing. Man, it's that Remember that 386 00:18:40,000 --> 00:18:43,039 Seinfeld episode where Kramer and the guy were test driving 387 00:18:43,039 --> 00:18:45,200 that sob and they just wanted to take it to 388 00:18:45,240 --> 00:18:47,799 the last thing. Okay, I've completely lost to the throat 389 00:18:47,799 --> 00:18:50,279 of the show. What are we talking about? Economy? That's right, 390 00:18:50,440 --> 00:18:53,880 we were talking about we were talking about the five 391 00:18:53,960 --> 00:18:58,359 trillion dollar increase in taxes. Did the Kamala Harris wance? Okay, 392 00:18:58,599 --> 00:19:01,079 We're going to talk about the world's most important stock 393 00:19:01,119 --> 00:19:03,960 in a second with Zach. I was talking yes day 394 00:19:03,960 --> 00:19:05,759 with a guy who's a lot like you. He made 395 00:19:05,960 --> 00:19:09,599 his wealth on math and investment. His name is Steve Anderson. 396 00:19:10,480 --> 00:19:14,039 He's the managing partner managing director of Renewed Healthcare in Mexico. 397 00:19:14,079 --> 00:19:16,119 You gotta come down with me. I'm going back down 398 00:19:16,160 --> 00:19:18,039 in November. You gotta come. 399 00:19:18,440 --> 00:19:18,519 Speaker 3: So. 400 00:19:18,680 --> 00:19:21,599 Speaker 1: Renew is a place that should be located in America. 401 00:19:21,720 --> 00:19:24,960 But what they do is full on illegal. 402 00:19:25,119 --> 00:19:25,319 Speaker 2: Here. 403 00:19:26,079 --> 00:19:29,960 Speaker 1: Here's what they do. They take what we call medical waste. 404 00:19:30,640 --> 00:19:37,279 This is the miracle of umbilical cords, the miracle of placentas. 405 00:19:37,359 --> 00:19:42,039 Those are miraculous things God made and they burn them. Now, 406 00:19:42,079 --> 00:19:45,279 what's contained in there is a process. Through a process, 407 00:19:45,319 --> 00:19:48,240 you can get to something that's called Wharton's jelly, and 408 00:19:48,279 --> 00:19:51,400 this is a massive stem cells that do not come 409 00:19:51,440 --> 00:19:57,319 from abortion. Again, umbilical cords and placentas. Those stem cells 410 00:19:57,359 --> 00:20:01,720 are packed with incredible powers jazz. When they're injected into 411 00:20:01,759 --> 00:20:05,359 your body, they immediately attack inflammation. This can be in 412 00:20:05,400 --> 00:20:07,759 your brain, it can be in spotal cords, it can 413 00:20:07,799 --> 00:20:10,839 be in my case, in my shoulder, my ankle. That's 414 00:20:10,920 --> 00:20:14,480 job one they do. Job two is wherever they're inserted, 415 00:20:14,480 --> 00:20:18,400 they start building stuff. This would be like if you're home. 416 00:20:18,519 --> 00:20:23,039 Let's say that you had a roof collapse in your house. 417 00:20:24,519 --> 00:20:26,519 This would be like the stem cells. You pour them 418 00:20:26,559 --> 00:20:30,079 on the whole and they build roof. So they build 419 00:20:30,119 --> 00:20:32,440 the top of the roof, They build the support beams, 420 00:20:32,559 --> 00:20:35,319 they build the drywall, they do all of that. That's 421 00:20:35,319 --> 00:20:38,559 what the stem cells do. So if you are facing surgery, 422 00:20:38,680 --> 00:20:42,480 or you have lower lumbar pain or lack of mobility, neuropathy, 423 00:20:42,640 --> 00:20:45,559 even neurological issues, and your doctors have said, well, let's 424 00:20:45,599 --> 00:20:47,839 wait six to seven months. We'll see if maybe we'll 425 00:20:47,839 --> 00:20:49,960 see you one day, or they're telling you it's just 426 00:20:49,960 --> 00:20:54,799 surgery appills for us. Your life pause got to renew 427 00:20:54,880 --> 00:20:57,440 dot Healthcare telling you are a member of the podcast 428 00:20:57,480 --> 00:21:00,160 and a radio show family, and they will tell you 429 00:21:00,240 --> 00:21:02,640 if they can help you. If they can, you could 430 00:21:02,640 --> 00:21:05,519 be home in as little as a week with this 431 00:21:05,640 --> 00:21:07,319 all taken care of, and you go down to beautiful 432 00:21:07,359 --> 00:21:09,559 Port of Art in Mexico, one of the safest regions 433 00:21:09,559 --> 00:21:13,240 in Mexico. It's renew dot Healthcare. Zach Cambram's with US 434 00:21:13,279 --> 00:21:16,000 chief investment officer Board Capital Management a couple of different 435 00:21:16,000 --> 00:21:20,359 pieces about Navidia. This one says, Zach, Navidia has become 436 00:21:20,480 --> 00:21:24,160 the world's most important stock, and let me give you 437 00:21:24,200 --> 00:21:26,039 the quote, it's the most important stock in the world 438 00:21:26,079 --> 00:21:29,960 right now. EMJ Capital's Eric Jackson told CNBC's Closing Bell 439 00:21:30,039 --> 00:21:31,920 last week, if they lay an egg, it would be 440 00:21:31,920 --> 00:21:33,839 a major problem for the whole market. I think they're 441 00:21:33,839 --> 00:21:36,680 going to surprise to the upside. NA Video's report comes 442 00:21:36,720 --> 00:21:40,759 week after its megacap tech peers got through earnings. Company's 443 00:21:40,839 --> 00:21:45,359 name was sprinkled throughout this what analysts call as Microsoft, Alphabet, Meta, Amazon, 444 00:21:45,400 --> 00:21:48,880 and Tessa all spent heavily in Nvidia's graphics processing units 445 00:21:48,920 --> 00:21:52,079 to train AI models and run massive networks. So it's 446 00:21:52,119 --> 00:21:55,759 the most important stock in the world right now. That 447 00:21:55,839 --> 00:21:57,000 doesn't feel right to me. 448 00:21:57,640 --> 00:22:00,640 Speaker 4: So what a Vidio has done is really precedented, to 449 00:22:00,640 --> 00:22:03,200 be fair to them, I mean, the profitability jump, the 450 00:22:03,200 --> 00:22:06,240 revenue jump unbelievable, right. I mean, I think it's revenue 451 00:22:06,279 --> 00:22:08,119 is like four hundred percent over the last two years 452 00:22:08,200 --> 00:22:13,519 or something like that. And I'll just keep repeating it. 453 00:22:13,680 --> 00:22:17,400 He's probably right. My suspicion is is that they will 454 00:22:17,440 --> 00:22:19,759 beat on whatever the reported number is. 455 00:22:21,319 --> 00:22:25,400 Speaker 2: And I think that and again, this is nothing against 456 00:22:25,440 --> 00:22:26,400 Jensen Wanger and Video. 457 00:22:26,400 --> 00:22:29,240 Speaker 4: I don't want people to read into this, but they're 458 00:22:29,480 --> 00:22:30,960 you know, they know their business very well, and they're 459 00:22:31,039 --> 00:22:32,759 very good at gaming the numbers, and anytime they're going 460 00:22:32,799 --> 00:22:34,519 to put up an estimate, it's going to be an 461 00:22:34,599 --> 00:22:36,279 estimate that they think they can beat easily. 462 00:22:36,359 --> 00:22:38,799 Speaker 2: And that doesn't make them any different than any firm 463 00:22:38,799 --> 00:22:41,319 on the street. That's not a bad thing. So I 464 00:22:41,319 --> 00:22:42,839 would suspect that they do beat. 465 00:22:44,319 --> 00:22:47,200 Speaker 4: The issue that I have within videos is kind of 466 00:22:47,200 --> 00:22:49,880 what the guy just said, like his. 467 00:22:49,160 --> 00:22:52,519 Speaker 2: His you know, a cornerstone of his cornerstone of his. 468 00:22:52,480 --> 00:22:56,799 Speaker 4: Bullish argument is the big companies like Microsoft and Apple, 469 00:22:56,839 --> 00:22:58,200 and those guys are buying their chips. 470 00:22:58,240 --> 00:22:59,319 Speaker 2: Okay, for right now they are. 471 00:22:59,359 --> 00:23:01,240 Speaker 4: Apple's not using their chip on the new phone They're 472 00:23:01,279 --> 00:23:04,960 they're they're using the Google chip. Right And from the 473 00:23:05,039 --> 00:23:07,400 very beginning, you and I had this conversation where I thought, 474 00:23:07,720 --> 00:23:10,079 if your investment thesis on in videos, that the big 475 00:23:10,119 --> 00:23:13,200 tech companies are going to keep lining their pockets, you're crazy. 476 00:23:13,240 --> 00:23:14,599 And it has nothing to do with in video or 477 00:23:15,519 --> 00:23:17,559 an axe to grind against in video. It's that if 478 00:23:17,599 --> 00:23:21,200 the if the potential of that is that large, and 479 00:23:21,359 --> 00:23:24,039 the and the and the marketplace is that large, and 480 00:23:24,200 --> 00:23:26,759 if your basis for investing in Vidia at this price 481 00:23:26,799 --> 00:23:28,519 is you think they're going to maintain their sixty five 482 00:23:28,559 --> 00:23:31,880 to seventy percent margins, They're not. Like, it's that's not 483 00:23:31,880 --> 00:23:34,359 going to happen. Yeah, right, let me expe stock double 484 00:23:34,440 --> 00:23:35,960 fear before it goes down, yure. 485 00:23:36,480 --> 00:23:38,839 Speaker 1: So let me try this from a Microsoft perspective. Okay, 486 00:23:38,880 --> 00:23:41,480 So there's two entities right now at least looking at 487 00:23:41,480 --> 00:23:45,039 this three actually Microsoft Legal looking at their contracts with video, 488 00:23:45,519 --> 00:23:49,240 how are we restrained? Then there's Microsoft Labs and they're 489 00:23:49,240 --> 00:23:51,480 already looking into what are AA chip's going to be. 490 00:23:51,920 --> 00:23:57,039 Their bet had been based upon DNA, so quantum quantum 491 00:23:57,119 --> 00:24:00,200 processing using human DNA was a big, big bet we're 492 00:24:00,200 --> 00:24:04,079 making out of Microsoft Labs, they're looking at that storing 493 00:24:04,119 --> 00:24:07,559 information that way, faster processing than anything that's ever been seen. 494 00:24:07,960 --> 00:24:09,400 On the other side of that are a bunch of 495 00:24:09,440 --> 00:24:14,920 analysts and they're quants, mathematicians, mit economics people. They are 496 00:24:14,960 --> 00:24:19,079 having constant meetings and they already know what the crossover 497 00:24:19,160 --> 00:24:22,319 point is. They've already put a date certain if these 498 00:24:22,480 --> 00:24:24,960 prices continue in this way, this market share and continues 499 00:24:25,000 --> 00:24:27,160 in this way, we make an entry into that market. 500 00:24:27,160 --> 00:24:30,160 The same thing happened at Google. Google already decided to 501 00:24:30,240 --> 00:24:33,440 make the entry into this. My argument in Nvidia being 502 00:24:33,440 --> 00:24:36,319 the world's most important stock is yard had HP come 503 00:24:36,319 --> 00:24:38,000 along and say we're coming into this. We're going to 504 00:24:38,079 --> 00:24:41,279 cut the price is by one third, No are by 505 00:24:41,279 --> 00:24:44,400 two thirds. The reason it doesn't feel right to me 506 00:24:44,519 --> 00:24:49,599 is with these inflated valuations and this absolute coming competition. 507 00:24:50,000 --> 00:24:52,359 Microsoft and Google know how to cut throats. I'm sure 508 00:24:52,359 --> 00:24:53,960 the people in video know how to do that too. 509 00:24:54,240 --> 00:24:56,839 That Microsoft and Google they've been cutting throats and sucking 510 00:24:56,839 --> 00:24:59,200 blood out of entities for a very very long time, 511 00:24:59,519 --> 00:25:01,799 and when they come for you, they can do some damage. 512 00:25:02,279 --> 00:25:05,160 Speaker 4: Yes, yeah, no, And that to me is that, to 513 00:25:05,200 --> 00:25:06,799 me is the issue that I have with it. I 514 00:25:06,880 --> 00:25:09,759 understand the excitement. I think in video has done an 515 00:25:09,799 --> 00:25:13,799 unbelievable job. I just when you're talking about a company 516 00:25:13,839 --> 00:25:15,279 and people go sit there and look, I just had 517 00:25:15,279 --> 00:25:17,720 a conversation with a klient of mine actually, and he goes, Zach, 518 00:25:17,759 --> 00:25:20,240 but look at the earnings growth. You know, sixty five 519 00:25:20,759 --> 00:25:23,359 is seventy times earnings or whatever they're currently trading at. 520 00:25:23,960 --> 00:25:25,799 I know that's high, but look at the earnings growth 521 00:25:25,799 --> 00:25:28,279 and I go, yeah, but you got to remember that 522 00:25:28,599 --> 00:25:30,920 you got to look at sales. In my opinion, I 523 00:25:30,960 --> 00:25:32,480 think the way you got to look at Nvidia to 524 00:25:32,519 --> 00:25:35,519 get it to conceptualize it is to look at price 525 00:25:35,559 --> 00:25:40,079 time sales. So you look at total revenue, right, and 526 00:25:40,119 --> 00:25:44,200 then you you divide that. You divide the total market 527 00:25:44,279 --> 00:25:47,119 capitalization of the company by the total revenue. Okay, so 528 00:25:48,119 --> 00:25:51,559 the basically say your price time sales, right, like, what 529 00:25:51,920 --> 00:25:52,480 is that equal? 530 00:25:52,799 --> 00:25:55,200 Speaker 2: And if you do that on in video. 531 00:25:55,279 --> 00:25:58,039 Speaker 4: Right now, you're talking about a three three and change 532 00:25:58,039 --> 00:26:01,039 trillion dollar company and it's like three point two trillion, 533 00:26:01,279 --> 00:26:01,720 and I think. 534 00:26:01,599 --> 00:26:03,480 Speaker 2: You're trading north of thirty five times sales. 535 00:26:03,480 --> 00:26:05,480 Speaker 4: Don't quote me, but it's probably somewhere in that thirty 536 00:26:05,480 --> 00:26:11,319 to forty range. That is that is unbelievable for you know, 537 00:26:11,720 --> 00:26:14,960 that's unbelievable for a small cap company. Okay, So what 538 00:26:15,039 --> 00:26:19,039 I'm saying is, I'm not saying they're gonna implode. What 539 00:26:19,079 --> 00:26:22,319 I'm saying is everybody goes, oh, yeah, the future is 540 00:26:22,359 --> 00:26:24,640 so bright, and I'm like, yes, that's priced in. 541 00:26:24,759 --> 00:26:28,160 Speaker 2: Guys, this isn't new, right. Everybody's like, oh, are they 542 00:26:28,200 --> 00:26:32,039 gonna beat? They better, because that's what's priced in now. 543 00:26:32,079 --> 00:26:34,319 Speaker 4: If they beat substanti people to stock go higher, Yeah, 544 00:26:34,359 --> 00:26:36,519 because that's what that's what everybody's gonna do. But no 545 00:26:36,519 --> 00:26:39,559 one's paying attention to the underlying math. And my issue 546 00:26:39,599 --> 00:26:42,319 is not with Nvidia, their capability, their technology, and anything 547 00:26:42,319 --> 00:26:44,839 like that. It's just to buy it here and for 548 00:26:45,000 --> 00:26:48,920 to assume it's a good investment here, because remember it's 549 00:26:49,799 --> 00:26:51,960 when you buy a company, or you invest in a company, 550 00:26:51,960 --> 00:26:55,440 you're investing in what they're gonna do not what they've done. Okay, 551 00:26:55,480 --> 00:26:59,200 so right now you're paying a really high price for 552 00:26:59,240 --> 00:27:03,920 what's already been done. But that price is already really 553 00:27:04,200 --> 00:27:07,279 influenced by what people think it's going to do, right, 554 00:27:07,319 --> 00:27:10,799 So it doing what everybody thinks it going to do. 555 00:27:10,880 --> 00:27:12,799 That's not a win for you. If you own the stock, 556 00:27:13,359 --> 00:27:17,000 it has to do better, meaning meaning you look at 557 00:27:17,039 --> 00:27:19,720 what everybody is extrapolating out, and they're extrapolating as if 558 00:27:19,720 --> 00:27:23,000 these margins aren't going to go anywhere. Okay, so if 559 00:27:23,000 --> 00:27:25,839 you're then that means your base case for Nvidia is 560 00:27:25,839 --> 00:27:27,200 that something is going to happen. 561 00:27:26,960 --> 00:27:30,279 Speaker 2: To a stock that's never occurred before. It's not a 562 00:27:30,319 --> 00:27:31,400 good investment thesis. 563 00:27:31,680 --> 00:27:38,119 Speaker 1: That's you said that so beautifully. That's exactly right. There's 564 00:27:38,160 --> 00:27:41,279 such high expectations. They don't just have to deliver on 565 00:27:41,400 --> 00:27:45,720 high expectations, they have to triple the high expectations, right, 566 00:27:46,200 --> 00:27:49,160 and people are already imagining this thing of this stock, 567 00:27:49,319 --> 00:27:53,240 this this stock in this killer market. This Yahoo Finance says, 568 00:27:53,240 --> 00:27:56,039 if you don't own Nvidia, you're you're you're skipping out 569 00:27:56,160 --> 00:27:58,559 on a tech reveler. In the video, you're you're skipping 570 00:27:58,599 --> 00:28:01,759 out on a tech revolution font but the stock. I 571 00:28:01,759 --> 00:28:04,119 think what you're starting to say is people are imagining 572 00:28:04,160 --> 00:28:06,440 this stock is never going to be affected by competition. 573 00:28:06,839 --> 00:28:08,759 The world's biggest companies are going to leave them alone. 574 00:28:08,759 --> 00:28:10,720 Oh that's not fair. They invented those let's not go 575 00:28:10,799 --> 00:28:14,119 play in that space. The world's biggest companies like Qilett Packard, 576 00:28:14,119 --> 00:28:17,039 who are going to institute the price war, aren't going 577 00:28:17,079 --> 00:28:19,640 to have an effect on this. They're absolute they're going 578 00:28:19,680 --> 00:28:20,440 to have an effect on this. 579 00:28:20,920 --> 00:28:22,279 Speaker 2: Well, let's and let's flip it around. 580 00:28:22,319 --> 00:28:24,559 Speaker 4: The greatest profitability engine of all time has been the 581 00:28:24,559 --> 00:28:28,160 Apple iPhone, right, Well, the vast majority of time Apple 582 00:28:28,240 --> 00:28:30,759 sold those iPhones, they are margins of range between thirty 583 00:28:30,759 --> 00:28:34,480 eight to forty two percent. Okay, the most successful consumer 584 00:28:34,519 --> 00:28:35,359 product in history. 585 00:28:35,440 --> 00:28:36,480 Speaker 2: Okay, so. 586 00:28:38,319 --> 00:28:41,599 Speaker 4: You're looking at a video running at sixty five percent margins, 587 00:28:41,799 --> 00:28:45,319 sixty five to seventy percent margins, and you think that's sustainable. 588 00:28:45,640 --> 00:28:49,480 Fifty percent greater margins than the most successful consumer product 589 00:28:49,720 --> 00:28:51,880 of all time Apple. 590 00:28:52,839 --> 00:28:53,400 Speaker 2: It's just not. 591 00:28:53,680 --> 00:28:56,440 Speaker 4: It's it's to assume that there will be no competition. 592 00:28:56,480 --> 00:28:58,920 And what I'm telling trying to tell people is the 593 00:28:59,039 --> 00:29:03,160 fact that they are running seventy percent margins, guarantees there 594 00:29:03,200 --> 00:29:07,519 will be competition exactly, just guarantees. So it's just it 595 00:29:07,880 --> 00:29:10,880 looks they could go in the near term. You've got 596 00:29:10,880 --> 00:29:13,279 a market that doesn't care. You've got Costco trading at 597 00:29:13,319 --> 00:29:16,519 sixty times earnings. Love Costco price is absurd. You go 598 00:29:16,640 --> 00:29:18,559 Walmart trading at forty times earnings. 599 00:29:19,000 --> 00:29:21,240 Speaker 1: So look, I got what you're saying about Costco. You're 600 00:29:21,240 --> 00:29:23,240 breaking up a little bit. It's just an audio thing. 601 00:29:23,720 --> 00:29:26,759 But that's that's exactly the perfect point. Now I want 602 00:29:26,759 --> 00:29:29,640 to go from discussion of this stuff as a stock 603 00:29:29,759 --> 00:29:33,759 price to what's happening in Europe to tech CEOs and 604 00:29:34,200 --> 00:29:37,039 obviously Lathinka and I and a degree on the aspects 605 00:29:37,079 --> 00:29:40,400 of freedom of this, but what's happening here. We need 606 00:29:40,440 --> 00:29:43,440 to talk about this in terms of company ownership and 607 00:29:43,480 --> 00:29:46,079 the pressure this puts on companies. And we'll get to 608 00:29:46,160 --> 00:29:48,480 this in a second. With Zach Abraham, chief investment officer 609 00:29:48,680 --> 00:29:51,480 of Bulwerk Capital Management. We've got a little tech running 610 00:29:51,480 --> 00:29:54,839 in the office and this truly happened to me, and 611 00:29:54,920 --> 00:29:57,519 Nan will refuse us to go on mike or camera. 612 00:29:57,839 --> 00:30:00,599 Can you just scream something like this is true? When 613 00:30:00,680 --> 00:30:03,119 I walked into the studio just a little bit ago. 614 00:30:03,160 --> 00:30:06,440 What did I say? It smelled like, come on the 615 00:30:06,480 --> 00:30:09,440 microphones thunderstorm. And this is true. And I've been coming 616 00:30:09,480 --> 00:30:12,000 to the seat for six months with the oxy leaf 617 00:30:12,039 --> 00:30:14,279 to thunderstorm device. And I opened the door. I'd been 618 00:30:14,319 --> 00:30:18,440 outside and yet okay, so I was tanning. Whatever are 619 00:30:18,519 --> 00:30:20,240 sons going away? So I decided to get a little 620 00:30:20,240 --> 00:30:21,799 bit of tan I was out there in the field 621 00:30:21,839 --> 00:30:23,440 and I could smell the lake and all this, and 622 00:30:23,799 --> 00:30:25,880 I walk in. I wow, smells like thunderstorm. It kind 623 00:30:25,880 --> 00:30:30,279 of surprises me. If you have anything like the following 624 00:30:30,359 --> 00:30:34,559 in your car, kids, dogs, and your car ends up 625 00:30:34,599 --> 00:30:36,960 stinking and you're in business and you have to drive 626 00:30:37,000 --> 00:30:39,440 people around in your car, Can I suggest something even 627 00:30:39,480 --> 00:30:41,920 to air out your car? This is perfect. If you're 628 00:30:41,920 --> 00:30:46,000 in the car business, you're selling used cars, put these 629 00:30:46,079 --> 00:30:48,480 in the cars instead of that fake new car smell. 630 00:30:48,640 --> 00:30:50,759 I'm telling you, my friend Ben did this with rotten 631 00:30:50,799 --> 00:30:53,519 meat in his truck, with kid puke in his wife's car, 632 00:30:53,559 --> 00:30:56,519 and that baked overnight guy did it on classic cars 633 00:30:56,519 --> 00:30:58,519 he has in his garage that get locked up all 634 00:30:58,519 --> 00:31:00,680 the time. People will sit that in your car is 635 00:31:00,720 --> 00:31:04,640 gonna smell like the thunderstorm Airbnb. Make sure that it 636 00:31:04,680 --> 00:31:08,480 doesn't smell like the last guests we just did an Airbnb. 637 00:31:08,559 --> 00:31:10,240 I'm thinking I should have left one of these behind. No, no, 638 00:31:10,279 --> 00:31:13,000 we smell fine. But you can go to edenpreer deals 639 00:31:13,039 --> 00:31:17,279 dot com enter code todd three to save two hundred 640 00:31:17,480 --> 00:31:20,920 dollars on whole home coverage for any and all those applications. 641 00:31:21,279 --> 00:31:25,880 Denperdeals dot com enter code todd three, Zach, there was 642 00:31:26,000 --> 00:31:28,039 a couple of things that happened in Europe. One of 643 00:31:28,079 --> 00:31:31,920 them was the guy who runs Telegram, his name is 644 00:31:31,920 --> 00:31:36,839 Pavaldiov was arrested. And basically what we're being told is 645 00:31:36,839 --> 00:31:40,200 the French government says, oh well, uh, terrorism and h 646 00:31:40,559 --> 00:31:42,799 and fraud, And really what it comes down to is 647 00:31:42,799 --> 00:31:47,079 he won't censor people. The guy who runs the video trader, 648 00:31:47,279 --> 00:31:51,400 the video platform Rumble, he fled Europe because he thinks 649 00:31:51,440 --> 00:31:55,200 he's facing arrest as well. So there's geopolitical consequences to this, 650 00:31:55,240 --> 00:31:58,400 there's freedom consequences to this. There's godly God is pro 651 00:31:58,519 --> 00:32:01,559 free speech and pro accountability. But talk to me from 652 00:32:01,559 --> 00:32:05,119 a perspective of business, what this means when you're getting 653 00:32:05,160 --> 00:32:07,480 this heavy handed from governments in Europe. 654 00:32:08,960 --> 00:32:09,200 Speaker 2: Man. 655 00:32:12,359 --> 00:32:15,319 Speaker 4: I mean the part that scares me is is I 656 00:32:15,359 --> 00:32:17,680 feel like that, you know, we're not that. 657 00:32:17,680 --> 00:32:19,599 Speaker 2: Far behind right right. 658 00:32:20,240 --> 00:32:22,400 Speaker 4: And I think that's kind of just a I think 659 00:32:22,480 --> 00:32:24,240 at this point, I think it's hard to read it 660 00:32:24,240 --> 00:32:26,920 as anything other than just a preview of what's coming 661 00:32:26,960 --> 00:32:28,400 in other parts of the world. 662 00:32:29,200 --> 00:32:30,599 Speaker 1: The stock market's going to love. 663 00:32:30,440 --> 00:32:33,240 Speaker 2: This, Yeah, well you know what I mean. 664 00:32:33,759 --> 00:32:36,200 Speaker 4: Then they'll then then they'll turn around and juice it 665 00:32:36,240 --> 00:32:39,160 with whatever they've got to juice it to compensate for it. So, 666 00:32:39,799 --> 00:32:41,880 you know, like I keep telling people, I just I 667 00:32:42,559 --> 00:32:45,359 just don't think people realize how far along the path 668 00:32:45,400 --> 00:32:45,720 we are. 669 00:32:45,839 --> 00:32:47,640 Speaker 1: No. I was saying this week, you are in the 670 00:32:47,640 --> 00:32:51,599 fascist revolution in it, I mean the installation of Kamala 671 00:32:51,640 --> 00:32:54,279 Harris with no votes and the seizing of power from 672 00:32:54,359 --> 00:32:57,160 Joe Biden after he sees power from Donald Trump. You're 673 00:32:57,240 --> 00:33:01,519 in it. My question is didn't didn't investors love fascism 674 00:33:01,680 --> 00:33:06,839 in Italy because fascism is no truly governments. Hey, I'm 675 00:33:06,839 --> 00:33:11,160 not trying to be cutesie. Governments and companies become one man, 676 00:33:11,240 --> 00:33:13,640 that's sky high profits because oh you don't want to 677 00:33:13,640 --> 00:33:16,960 purchase our product. Oh well, that's fine. Because we'll put 678 00:33:16,960 --> 00:33:19,240 your competitors in jail. You don't want to use our 679 00:33:19,240 --> 00:33:21,359 messaging app, well we'll use it now that other people. 680 00:33:21,240 --> 00:33:23,559 Speaker 2: In jail may look. 681 00:33:24,079 --> 00:33:27,079 Speaker 4: And it comes off the tales of Zuckerberg's letter that 682 00:33:27,079 --> 00:33:29,440 he wrote the Senate Judiciary Committee the other day, right 683 00:33:29,960 --> 00:33:34,960 where the greatest frustration I have is all of these 684 00:33:35,039 --> 00:33:37,640 quote unquote conspiracy theories, as we all joke about, they 685 00:33:37,720 --> 00:33:39,359 keep getting proven constantly correct. 686 00:33:39,480 --> 00:33:39,720 Speaker 1: Right. 687 00:33:39,839 --> 00:33:43,759 Speaker 4: And furthermore, one of the leading rally calls or rally 688 00:33:43,799 --> 00:33:47,039 cries against Donald Trump, right, Russia collusion and all that 689 00:33:47,119 --> 00:33:50,039 kind of stuff. Oh, there was collusion, and we've heard 690 00:33:50,039 --> 00:33:52,279 it every single step along the way. But then to 691 00:33:52,319 --> 00:33:55,039 have the founder of Facebook step up and say, yes, 692 00:33:55,359 --> 00:33:59,759 we did silence the Hunter Biden stories, Yes we did 693 00:34:00,160 --> 00:34:02,680 the coverage toward Biden. Yes we did, Yes we did, 694 00:34:02,759 --> 00:34:05,119 Yes we did. And you're looking at Americans and going, 695 00:34:05,519 --> 00:34:09,320 wake up, guys. I don't care what sensibilities you have 696 00:34:09,440 --> 00:34:12,039 that you think Donald Trump offends. I don't care what 697 00:34:12,079 --> 00:34:18,440 little guys. Right now you are looking at authoritarianism or 698 00:34:18,480 --> 00:34:22,599 American style democracy, okay, And you your hatred for Donald 699 00:34:22,639 --> 00:34:28,559 Trump is making you gravitate and embrace toward totalitarianism, authoritarianism. 700 00:34:28,920 --> 00:34:29,519 Speaker 2: Don't do this. 701 00:34:29,920 --> 00:34:33,480 Speaker 4: Nobody wins, right, like we Hey, let's have our other 702 00:34:33,559 --> 00:34:36,840 debates over stuff about you know, putting litter boxes and 703 00:34:37,280 --> 00:34:40,039 in high school bathrooms. Let's have that debate later, but 704 00:34:40,119 --> 00:34:44,800 let's all let's all just establish the fact totalitarian totalitarianism 705 00:34:45,119 --> 00:34:47,079 and authoritarianism. 706 00:34:46,480 --> 00:34:47,360 Speaker 2: Is not good for anybody. 707 00:34:47,360 --> 00:34:50,119 Speaker 4: We don't want to end up there right and watching 708 00:34:50,159 --> 00:34:55,760 these people embrace this in light of being scared by 709 00:34:55,800 --> 00:34:58,719 the boogeyman that is the fascist big at Donald Trump. 710 00:34:59,119 --> 00:35:02,360 It's just terrified you because it's so Orwellian where you're 711 00:35:02,360 --> 00:35:05,079 sitting there going, you know, v for Vendetta. You know, 712 00:35:05,119 --> 00:35:07,320 I thought somebody pointed out Elon Musk pointed out really 713 00:35:07,320 --> 00:35:09,400 good the other day. He goes, all of you watched 714 00:35:09,480 --> 00:35:13,159 Lord of the Rings and identify with the Hobbits and Gandalf, 715 00:35:13,519 --> 00:35:17,119 all of you watch the Hunger Games and identify with Catnus. 716 00:35:16,880 --> 00:35:19,039 Speaker 2: All of you watch you know, what was the other 717 00:35:19,119 --> 00:35:19,719 recent one. 718 00:35:20,519 --> 00:35:23,239 Speaker 4: But you know, he's like, you all identify that, and 719 00:35:23,280 --> 00:35:26,280 then you're doing the opposite in your personal lives, right right, 720 00:35:26,320 --> 00:35:27,039 you're voting for. 721 00:35:27,039 --> 00:35:27,920 Speaker 2: The evil Empire. 722 00:35:27,960 --> 00:35:30,280 Speaker 4: I mean, you're and it's really easy to tell. History 723 00:35:30,280 --> 00:35:33,079 provides you all these clues. They provide bread combs right right. 724 00:35:33,159 --> 00:35:35,880 Whatever side is trying to suppress debate or free speech 725 00:35:36,119 --> 00:35:37,679 is always wrong a period. 726 00:35:37,840 --> 00:35:39,880 Speaker 1: I guarantee there are board meetings that are happening right 727 00:35:39,880 --> 00:35:41,840 now at other tech companies that make caps like this. 728 00:35:41,920 --> 00:35:45,400 Go and see we're going to keep censering. Yeah, hey, 729 00:35:45,519 --> 00:35:46,960 I don't know about you. I'm not going to prison 730 00:35:47,000 --> 00:35:47,360 in Europe. 731 00:35:48,239 --> 00:35:49,920 Speaker 2: Well, look, this. 732 00:35:49,840 --> 00:35:52,639 Speaker 4: Is the perverse incentive of running seven percent deficits. 733 00:35:53,000 --> 00:35:55,519 Speaker 2: What's the biggest source of capital flowing in the markets. 734 00:35:55,719 --> 00:35:56,440 It's government. 735 00:35:56,679 --> 00:35:58,480 Speaker 4: So if you want to be the most successful big 736 00:35:58,519 --> 00:36:01,440 cap company, you have to up, baby, you gotta you 737 00:36:01,480 --> 00:36:03,880 gotta be next to the trough right. And and the 738 00:36:03,920 --> 00:36:07,360 biggest flow new capital flowing into this market the sources 739 00:36:07,440 --> 00:36:10,480 the federal government A and the Federal Reserve B. And 740 00:36:10,519 --> 00:36:13,760 if you're not includes, you're gonna get edged out and 741 00:36:13,760 --> 00:36:16,559 and and that nuts and everybody's just voting their pocketbook. 742 00:36:16,559 --> 00:36:19,000 Speaker 2: And it's this whole you ever you ever see this? 743 00:36:19,079 --> 00:36:21,239 You ever see the show The Strain? You ever see 744 00:36:21,239 --> 00:36:21,559 that show? 745 00:36:21,719 --> 00:36:24,079 Speaker 1: I've heard of it, but I've not seen it. 746 00:36:24,239 --> 00:36:25,079 Speaker 2: Interesting show. 747 00:36:25,119 --> 00:36:27,199 Speaker 4: It's it's it's like a they kind of put an 748 00:36:27,199 --> 00:36:31,440 interesting spin on vampires and it's it's literally like a virus. 749 00:36:31,960 --> 00:36:35,519 And anyway, it shows how all of these people are 750 00:36:35,559 --> 00:36:39,159 going through these machinations to put themselves to get greater wealth, 751 00:36:39,199 --> 00:36:41,360 to get greater power. But they're doing it all in 752 00:36:41,440 --> 00:36:43,599 vain because they're doing it helping the evil side that's 753 00:36:43,599 --> 00:36:45,679 gonna use them as a is a juice box for 754 00:36:45,719 --> 00:36:49,440 the next twenty years. Right. But but but it's a 755 00:36:49,480 --> 00:36:51,639 fascinating show to watch because you sit there and you're like, 756 00:36:51,920 --> 00:36:53,840 this is a critique on all of society. 757 00:36:54,320 --> 00:36:55,000 Speaker 2: It really is. 758 00:36:55,239 --> 00:36:57,400 Speaker 4: You're gonna be It's it's like you're gonna be the 759 00:36:57,440 --> 00:37:02,480 one man ruler of nuclear winner congratulates, right, And that's 760 00:37:02,519 --> 00:37:04,679 what they're doing right there. They're vying to get better 761 00:37:04,719 --> 00:37:08,039 positioning on seats on the Titanic and you're like, you're 762 00:37:08,079 --> 00:37:11,039 aiding in a betting the sinking yep, right, And it's 763 00:37:11,119 --> 00:37:13,719 just it's it's horrifying, man, I agree. 764 00:37:13,599 --> 00:37:15,559 Speaker 1: And we're living in it and people don't understand that. 765 00:37:15,639 --> 00:37:17,800 Like the cliche is a fish doesn't know it's wet. 766 00:37:17,880 --> 00:37:19,800 There's one other Ai story I want to share with 767 00:37:19,880 --> 00:37:24,719 you because it's a sign of worshiping systems, and there's 768 00:37:24,760 --> 00:37:26,800 this guy may actually I mean, I don't know if 769 00:37:26,840 --> 00:37:29,320 he's going to get this done, but it's a sign 770 00:37:29,440 --> 00:37:33,920 of worshiping systems. And also this belief in the human mind, 771 00:37:33,960 --> 00:37:37,960 in human wisdom is astonishing to me. Of course, fear 772 00:37:38,000 --> 00:37:40,119 of the Lord is the beginning of wisdom. I'm chatting 773 00:37:40,119 --> 00:37:42,400 with Zach Abram, chief investment officer for Bower Capital Management. 774 00:37:42,440 --> 00:37:46,159 He pushes he publishes something called the Common Sense Investing Guide. 775 00:37:46,199 --> 00:37:49,480 This guide only costs you one thousand dollars. No, I'm sorry, 776 00:37:49,519 --> 00:37:51,920 I'm sorry, it's five hundred bucks. No, I'm sorry. It's free. 777 00:37:52,159 --> 00:37:54,800 It's free. And with the Common Sense Investing Guide, you 778 00:37:54,840 --> 00:37:58,199 can learn about risk management as practiced by Bulwark Capital Management. 779 00:37:58,519 --> 00:38:01,360 Risk management can redoce risk and volatility. I mean, that's 780 00:38:01,360 --> 00:38:04,440 its focus. They do that through active management or portfolios, 781 00:38:04,480 --> 00:38:07,079 which can also reduce risk and volatility. What the heck 782 00:38:07,119 --> 00:38:10,519 does that all mean? Get the guide, read it, and 783 00:38:10,599 --> 00:38:12,199 it might be that you come out of this and 784 00:38:12,239 --> 00:38:13,960 you end up saying, yeah, I get this, I can 785 00:38:14,000 --> 00:38:16,719 go do this. And I bet you Zach would say 786 00:38:16,719 --> 00:38:19,239 go get or done. Check back with me, tell me 787 00:38:19,280 --> 00:38:21,960 how it's going. If you don't think that now is 788 00:38:22,000 --> 00:38:24,119 the time for on the job training. If you're five, 789 00:38:24,159 --> 00:38:26,440 ten or fifteen years from retirement and I happen to 790 00:38:26,440 --> 00:38:29,760 think it's not, that's why Zach manages my money, then 791 00:38:30,000 --> 00:38:31,559 you can turn to him and say, will you do 792 00:38:31,599 --> 00:38:34,239 this for me? Simple easy go to Know your Risk 793 00:38:34,360 --> 00:38:37,079 radio dot com, get the Common Sense Investing Guide or 794 00:38:37,119 --> 00:38:39,800 call eight sixty six seven seven nine Risk gets Know 795 00:38:39,880 --> 00:38:42,159 your Risk radio dot com or eight six six seven 796 00:38:42,239 --> 00:38:45,400 seven nine Risk Borid Comple Dimensions Investment Advisor, Representative, Church 797 00:38:45,400 --> 00:38:47,920 Financial LLCN, sac Rich Investment Advisor, Investment Volve Risk you 798 00:38:47,920 --> 00:38:50,199 could lose money. Past performance doesn't guarantee your future results. 799 00:38:50,320 --> 00:38:52,599 Truck twenty four Desk two four four Know your Risk 800 00:38:52,599 --> 00:38:54,119 gradio dot com. Man I did it really well? Like 801 00:38:54,159 --> 00:38:56,400 that ending part, So Zach. There's a guy who's running 802 00:38:56,400 --> 00:39:02,360 to be a mayor of a city in Colorado. Cheyenne, 803 00:39:02,400 --> 00:39:09,400 Colorado is Shane Colorado. Shan San Whaling, Colorado is not Shank. 804 00:39:09,599 --> 00:39:13,320 He wants to be mayor of Cheyenne, Wyoming, and he's 805 00:39:13,320 --> 00:39:17,039 pledging to manage the sixty five thousand person city exclusively 806 00:39:17,039 --> 00:39:20,599 with a generative AI bought he built himself called vic 807 00:39:21,079 --> 00:39:26,159 or Virtual Integrated Citizen, got your vote? 808 00:39:26,719 --> 00:39:33,559 Speaker 4: No, no, no, I've seen too many Terminator movies. Man, right, yeah, 809 00:39:33,800 --> 00:39:35,920 I'm I'm not voting for Skinnett. 810 00:39:36,880 --> 00:39:41,079 Speaker 1: The hunger that people have to turn themselves over to 811 00:39:41,320 --> 00:39:45,719 anything but God. Right, right, let's let the AI do it. 812 00:39:45,760 --> 00:39:48,519 What will the AI be? It'll be in a massive human 813 00:39:48,559 --> 00:39:51,480 intelligence but really broadly distributed. Okay, So it's going to 814 00:39:51,519 --> 00:39:54,119 search the entire web. Yes, it's going to find the 815 00:39:54,159 --> 00:39:58,480 best answer, yes, based upon what human intelligence. This is 816 00:39:58,599 --> 00:40:02,199 different than cigarett are okay for you? How because that 817 00:40:02,280 --> 00:40:04,599 was human intelligence. It's fine to suck on a weed 818 00:40:04,639 --> 00:40:06,760 and then add tar and stuff to it. This is 819 00:40:06,800 --> 00:40:11,159 better than the food pyramid. How this is better than 820 00:40:11,280 --> 00:40:14,639 eat a bunch of cheese in wheat and you're gonna 821 00:40:14,639 --> 00:40:17,800 be okay. And refined sugar is how well it's mass distributed. 822 00:40:18,360 --> 00:40:20,920 They can't just turn to what God designed is Do 823 00:40:20,960 --> 00:40:23,039 you think God made cheese hard to make on for 824 00:40:23,039 --> 00:40:26,239 a reason? Do you think he made sugar hard to 825 00:40:26,320 --> 00:40:28,880 make for a reason. I like when we made refined sugar, 826 00:40:28,920 --> 00:40:32,280 I bet God's up there going no, here we go. Yeah, 827 00:40:32,320 --> 00:40:36,199 they're gonna be snorting that stuff that amazes me, and 828 00:40:36,280 --> 00:40:39,559 it frightens me every bit as much as this Orwellian 829 00:40:40,239 --> 00:40:43,559 just rush into Kamala Harris's the nominee, you know what 830 00:40:43,599 --> 00:40:43,880 I mean. 831 00:40:44,559 --> 00:40:47,920 Speaker 4: Yeah, No, it's like I said, I especially in light 832 00:40:47,960 --> 00:40:51,679 of the the and I don't want to use the 833 00:40:51,679 --> 00:40:53,679 word surprise because it doesn't surprise me. 834 00:40:55,159 --> 00:40:57,599 Speaker 2: It is still shocking to see, in light of all 835 00:40:57,639 --> 00:41:00,159 the evidence the Zuckerberg. 836 00:40:59,679 --> 00:41:03,480 Speaker 4: Letter, that so many people are still sticking with that line. 837 00:41:04,159 --> 00:41:07,519 The willful ignorance, the desire to put your head under 838 00:41:07,519 --> 00:41:10,800 the sand, the desire to believe all these ridiculous things. 839 00:41:11,079 --> 00:41:13,079 That's the thing that shocks me. And when I say 840 00:41:13,119 --> 00:41:15,440 shock again, it doesn't surprise me. I know that's the 841 00:41:15,480 --> 00:41:20,519 trajectory we've been on. But to watch human beings just 842 00:41:20,679 --> 00:41:27,559 completely set their brain to the side, it it's not 843 00:41:27,639 --> 00:41:31,760 a surprise, but it is dismaying and it is somewhat 844 00:41:31,760 --> 00:41:34,239 shocking to see it. 845 00:41:34,239 --> 00:41:36,639 Speaker 2: It live right like it. You just kind of sit 846 00:41:36,679 --> 00:41:39,559 there and go that that's a bridge too far. Where 847 00:41:39,800 --> 00:41:41,480 can I do that? And here we are. 848 00:41:41,599 --> 00:41:43,920 Speaker 1: See and I don't think it. I mean, I guess 849 00:41:43,920 --> 00:41:46,519 it shocks us because we don't want to think this 850 00:41:46,559 --> 00:41:49,239 way about fellow humans. But let's look at this. Look, 851 00:41:49,280 --> 00:41:52,039 AI is the new cult leader. Yeah, and cult leaders 852 00:41:52,079 --> 00:41:54,280 always make fantastical promises. I'm going to get you into 853 00:41:54,320 --> 00:41:56,559 heaven first, I've got the special way. It's not in 854 00:41:56,599 --> 00:41:58,599 the Bible. It came to me. They always do this, 855 00:41:58,960 --> 00:42:00,760 and AI is going to be the version of this. 856 00:42:01,239 --> 00:42:03,159 And I wonder if the Lawless One is just gonna 857 00:42:03,159 --> 00:42:06,079 be an AI bought right? That comes on, because I 858 00:42:06,119 --> 00:42:07,719 don't think the Bible says it's not going to be 859 00:42:07,760 --> 00:42:09,320 an AI bought be really interested. 860 00:42:10,960 --> 00:42:12,519 Speaker 2: I ain't thought about this, so you just said this. 861 00:42:12,599 --> 00:42:15,760 Speaker 4: But what's really interesting is take the average user of AI, 862 00:42:16,280 --> 00:42:18,199 and I would love to see them do some experiments. 863 00:42:18,719 --> 00:42:21,760 Have the AI tell people to do ridiculous, senseless things 864 00:42:21,800 --> 00:42:23,599 and see how many of them will just do it. 865 00:42:23,719 --> 00:42:25,719 Speaker 1: Oh right, Yeah. 866 00:42:25,800 --> 00:42:28,840 Speaker 4: It arrives me that Office episode, remember where when they're 867 00:42:28,880 --> 00:42:30,559 driving in the car and he's listening to GPS and 868 00:42:30,599 --> 00:42:31,960 he turns into the lake because it told him to. 869 00:42:31,920 --> 00:42:34,119 Speaker 2: Take a ride. Like people will do that. 870 00:42:34,199 --> 00:42:37,719 Speaker 4: You Like, if a computer tells them to do something, 871 00:42:38,000 --> 00:42:39,039 it is like the hand of God. 872 00:42:39,119 --> 00:42:39,440 Speaker 2: All right. 873 00:42:39,480 --> 00:42:42,400 Speaker 1: Like, there's so many sociological experiments like this that are 874 00:42:42,400 --> 00:42:45,840 on video where you put people into these focus groups, 875 00:42:45,840 --> 00:42:48,519 and when there's people with white coats. Okay, so what 876 00:42:48,519 --> 00:42:51,039 we're gonna do is we're gonna experiment with foods. We're 877 00:42:51,039 --> 00:42:53,239 looking at your responses some of the things you're gonna 878 00:42:53,239 --> 00:42:56,039 be looking you're a passive I'm looking at certainly how 879 00:42:56,079 --> 00:42:58,880 you enjoy the food, your verbality about this, and what 880 00:42:58,920 --> 00:43:00,719 you're telling us. But we're we'll be looking at some 881 00:43:00,760 --> 00:43:03,880 indicators like body language and heat, and we'll be measuring 882 00:43:03,880 --> 00:43:06,480 some things. So start out with grapes. People like, oh, 883 00:43:06,519 --> 00:43:09,159 you know, I like grapes because they're tangy and all right. 884 00:43:09,199 --> 00:43:10,920 So now we're gonna put in, you know, a little 885 00:43:11,079 --> 00:43:14,079 grape salsa. So there's grapes also. Okay, well this is 886 00:43:14,079 --> 00:43:16,400 an interesting taste, I guess, sweet and all right. So 887 00:43:16,400 --> 00:43:19,840 now we're gonna add some fish to this. Okay, so 888 00:43:20,039 --> 00:43:22,880 fish and grape, and they're making the thing as disgusting 889 00:43:22,920 --> 00:43:26,360 as they can. But there's actors at the table. So 890 00:43:26,360 --> 00:43:28,239 there's actors that tall. You know, this is actually making 891 00:43:28,280 --> 00:43:30,639 it better. I mean, this is really I mean, I'm 892 00:43:31,119 --> 00:43:34,400 I enjoy this more. And you'll watch the people lying 893 00:43:34,440 --> 00:43:37,719 as they're like, I like it too, and they want 894 00:43:38,039 --> 00:43:40,800 so much to believe. They want so much to be 895 00:43:40,840 --> 00:43:42,400 part of the group. And that's what I think we're 896 00:43:42,400 --> 00:43:45,440 seeing with this AI stuff and people just falling over 897 00:43:45,480 --> 00:43:48,360 for Let the new boss be digital and the video 898 00:43:48,400 --> 00:43:50,440 is the most important stock in the world. And you 899 00:43:50,480 --> 00:43:53,480 know something, Zach as I was considering the program, Kamala 900 00:43:53,480 --> 00:43:58,679 Harris is the kindest, gentlest, most intelligent and empathetic leader 901 00:43:59,199 --> 00:44:00,679 we've ever looked to do in this country. 902 00:44:02,239 --> 00:44:04,559 Speaker 2: There's no treat about that, no debate. 903 00:44:04,880 --> 00:44:06,840 Speaker 1: It happened to us to the course of the show. Brother, 904 00:44:06,880 --> 00:44:09,559 Thank you for joining us. It's always a joy. Say 905 00:44:09,639 --> 00:44:11,559 hi to the family, and we'll see you over here 906 00:44:11,559 --> 00:44:13,000 in the high mountains of Free America soon. 907 00:44:13,079 --> 00:44:15,639 Speaker 2: Right, Yeah, sounds good man, Thanks for having me fun 908 00:44:15,639 --> 00:44:16,320 As always. 909 00:44:16,559 --> 00:44:18,880 Speaker 1: This is the Todd Herman Show. Please go, be well, 910 00:44:19,480 --> 00:44:22,320 be strong, be kind, and please make every effort to 911 00:44:22,480 --> 00:44:24,079 walk in the light of Christ.