1 00:00:00,480 --> 00:00:04,799 Speaker 1: What if one company was valued more than every other 2 00:00:04,879 --> 00:00:09,199 company that they need to exist. Let me say that 3 00:00:09,240 --> 00:00:12,960 this way. What if Company A was valued four times 4 00:00:12,960 --> 00:00:16,679 as much as all the other companies it needs to exist. 5 00:00:16,679 --> 00:00:20,559 It would be like valuing a glass more than the 6 00:00:20,600 --> 00:00:23,199 water that goes in it. We'll talk about this with 7 00:00:23,239 --> 00:00:26,760 the help of Zach Abraham, chief investment Officer, Borward Capital Management, 8 00:00:26,879 --> 00:00:28,239 and God Almighty. 9 00:00:30,359 --> 00:00:34,679 Speaker 2: But Todd Herman shows one percent disapproved by big pharma 10 00:00:34,880 --> 00:00:43,159 technocrats in tyrans everywhere from the high mountains of Free America. 11 00:00:44,399 --> 00:00:50,039 Here's the Emerald city exile Todd Herman. 12 00:00:52,920 --> 00:00:55,359 Speaker 1: Today is the day the Lord has made, and these 13 00:00:55,399 --> 00:00:57,479 are the times to which God has decided we shall 14 00:00:57,560 --> 00:01:00,640 live in. Zach Abraham, my friend, my brother and best officer, 15 00:01:00,679 --> 00:01:03,960 board Captain Managine joined just live from the West coast, 16 00:01:04,000 --> 00:01:07,879 but not Seattle, nowhere near that stink and socialist Zach, 17 00:01:07,920 --> 00:01:08,480 welcome back. 18 00:01:09,319 --> 00:01:13,519 Speaker 3: The chair is against the wall. The chair is against them. 19 00:01:13,680 --> 00:01:14,760 You know what I'm talking about, right? 20 00:01:14,799 --> 00:01:15,040 Speaker 1: I do? 21 00:01:15,159 --> 00:01:18,319 Speaker 4: Remember that read don They're putting out the every Every 22 00:01:18,319 --> 00:01:20,599 once in a while, I start talking to somebody somewhere 23 00:01:20,599 --> 00:01:22,280 else in the country, I'm like, man, I gotta speak 24 00:01:22,319 --> 00:01:25,040 in code here because you know, you never know who's 25 00:01:25,079 --> 00:01:28,079 listening on the other end, dear leader here in Washington, 26 00:01:28,120 --> 00:01:29,120 he could be gunning for me. 27 00:01:29,359 --> 00:01:31,599 Speaker 3: Do you know you've. 28 00:01:30,879 --> 00:01:33,000 Speaker 1: Been talking about You and I were talking offline about 29 00:01:33,000 --> 00:01:35,640 these socialist candidates in Seattle. You don't live in Seattle. 30 00:01:36,359 --> 00:01:38,799 Do you know? Legit, she's never held a ping job. 31 00:01:38,840 --> 00:01:42,159 Do you know what her big Crickham Vittau statement is? 32 00:01:42,200 --> 00:01:43,719 Do you know the organization she ran? 33 00:01:48,079 --> 00:01:48,439 Speaker 2: Do you know? 34 00:01:48,519 --> 00:01:50,680 Speaker 3: But somehow I know this story is about to get better? 35 00:01:51,040 --> 00:01:54,760 Speaker 1: So but you do I do. It's called the Transit 36 00:01:55,239 --> 00:01:56,640 the Transit Writers Union. 37 00:02:00,120 --> 00:02:01,840 Speaker 3: Let me let me take a stab. 38 00:02:01,959 --> 00:02:04,760 Speaker 4: I can't take a stab at what the criteria is 39 00:02:05,239 --> 00:02:08,919 that you must meet in order to qualify for this 40 00:02:09,080 --> 00:02:11,280 prestigious Uh. 41 00:02:11,439 --> 00:02:14,719 Speaker 3: Well, I don't know what you'd call this prestigious group, 42 00:02:15,360 --> 00:02:21,719 this prestigious murder, you know, like a yeah, maybe maybe 43 00:02:21,719 --> 00:02:23,199 it's that you just have to be able to ride 44 00:02:23,199 --> 00:02:23,919 public transit. 45 00:02:24,879 --> 00:02:27,639 Speaker 1: You nailed it in one of some of the accomplishments. 46 00:02:28,120 --> 00:02:29,840 All right, let's go through some of the things that 47 00:02:29,840 --> 00:02:32,319 that group has accomplished. They stole Fourth Avenue in downtown 48 00:02:32,400 --> 00:02:36,759 Seattle for buses only. Yeah, so they got that. Uh, 49 00:02:36,800 --> 00:02:41,439 they Crain, huge win. They created the confusing bike lane thing, 50 00:02:41,919 --> 00:02:44,719 uh in concert with the urbanists, where you can no 51 00:02:44,800 --> 00:02:47,639 longer park next to the curb, where the cars park 52 00:02:47,680 --> 00:02:49,479 away from the curb. Then there's the bike lane, then 53 00:02:49,479 --> 00:02:51,919 there's the walking lane. They did those things. There's some 54 00:02:51,960 --> 00:02:55,199 of the people who succeeded in no free right turns 55 00:02:55,240 --> 00:02:57,919 on red lights so that that thing is gone, so 56 00:02:57,960 --> 00:03:00,840 that traffic is further backed up. They seize lanes of 57 00:03:00,879 --> 00:03:04,000 freeways from cars and gave them to buses. No job, 58 00:03:04,199 --> 00:03:06,840 her husband doesn't work, but she's not the mayor Seattle. 59 00:03:07,319 --> 00:03:09,520 It's perfect, you know. 60 00:03:09,800 --> 00:03:12,840 Speaker 4: And this is what I was saying to you off 61 00:03:12,879 --> 00:03:15,919 the air, is I actually think it's a good thing, 62 00:03:17,120 --> 00:03:21,120 you know, like, yeah, remember the original Batman or not 63 00:03:21,639 --> 00:03:23,719 the original of course, but it was Michael Keaton and 64 00:03:23,800 --> 00:03:26,800 Jack Nicholson, remember yeah, Or that was that one scene 65 00:03:26,800 --> 00:03:28,080 in there where he gets all mad. 66 00:03:28,159 --> 00:03:30,080 Speaker 3: He's Bruce Wayne. He's like, you want to get nuts, 67 00:03:30,159 --> 00:03:31,120 Let's get nuts. 68 00:03:31,479 --> 00:03:33,080 Speaker 4: That's kind of what I'm saying to Seattle, Like, hey, 69 00:03:33,159 --> 00:03:35,240 let's not go halfway, Let's. 70 00:03:34,960 --> 00:03:37,719 Speaker 3: Go full filled into the deep end. 71 00:03:38,039 --> 00:03:41,759 Speaker 4: Let's not get half pregnant, Let's get nuts. Let's go 72 00:03:41,919 --> 00:03:45,840 protest as an elected mayor. Let's go protest one of 73 00:03:45,879 --> 00:03:49,360 the largest employers in the city that is currently paying 74 00:03:49,479 --> 00:03:52,479 everybody in the city more than twenty dollars an hour 75 00:03:52,560 --> 00:03:55,840 to pour coffee and if they apply, will help pay 76 00:03:55,879 --> 00:03:56,680 their college. 77 00:03:57,199 --> 00:04:00,840 Speaker 3: But you're gonna go protest them. And I actually love it. 78 00:04:01,120 --> 00:04:03,479 Speaker 4: And you know why I love it because the idiots 79 00:04:03,520 --> 00:04:06,400 that have run companies like Starbucks have given their tasks 80 00:04:06,439 --> 00:04:07,599 and approval. 81 00:04:07,400 --> 00:04:10,199 Speaker 3: To this moronic version of management for. 82 00:04:10,240 --> 00:04:14,599 Speaker 4: Cities since they've been since since their inception, and now 83 00:04:14,680 --> 00:04:17,319 the beast that they've fed for thirty years. 84 00:04:17,079 --> 00:04:18,360 Speaker 3: Is finally biting them back. 85 00:04:18,720 --> 00:04:19,519 Speaker 1: I love it all. 86 00:04:19,560 --> 00:04:19,839 Speaker 5: Todd. 87 00:04:20,319 --> 00:04:22,600 Speaker 4: Let them eat cake if they want to hire an 88 00:04:22,759 --> 00:04:25,600 idiot know nothing to run a city that is falling 89 00:04:25,639 --> 00:04:29,279 down around itself. Good, you know, like it's one step 90 00:04:29,319 --> 00:04:32,079 closer to the come up. And said, these idiots. 91 00:04:31,600 --> 00:04:34,519 Speaker 1: Need total degree. And I've said before, get out of 92 00:04:34,519 --> 00:04:38,360 her way. Republicans don't fight back. Conservatives don't fight back. 93 00:04:38,480 --> 00:04:41,040 Sit down and say, hey, you elected her, Let her 94 00:04:41,040 --> 00:04:44,399 do exactly what she wants. And in six months, right, 95 00:04:44,480 --> 00:04:46,040 you're gonna have people coming back going how did you 96 00:04:46,120 --> 00:04:47,720 get this bad? And what they don't get to say 97 00:04:47,879 --> 00:04:51,519 is Oh, it was conservative trying to slow us down. 98 00:04:51,560 --> 00:04:53,560 We didn't get to we don't have enough control. Nope, 99 00:04:53,600 --> 00:04:57,360 give her everything she asks for and let the let 100 00:04:57,360 --> 00:04:58,839 the results speak for themselves. 101 00:04:59,360 --> 00:05:02,480 Speaker 3: Yeah, hey, guys, we're going to be at the capitol grill. Uh, 102 00:05:02,920 --> 00:05:05,160 give us a call when you when you want to, 103 00:05:05,439 --> 00:05:06,279 when you want to deal. 104 00:05:06,160 --> 00:05:08,600 Speaker 1: With these issues exactly, but literally, but. 105 00:05:08,959 --> 00:05:12,360 Speaker 3: Just stand by and just say let it burn, man. 106 00:05:12,439 --> 00:05:16,279 Speaker 4: I I mean it, just like I said, it's not 107 00:05:16,439 --> 00:05:21,920 even political, right like you and and and the left. 108 00:05:22,240 --> 00:05:22,519 Speaker 2: You know what. 109 00:05:22,560 --> 00:05:23,959 Speaker 4: I'm not going to tell the left what they need 110 00:05:24,000 --> 00:05:26,399 to do, but but literally you want to look at 111 00:05:26,439 --> 00:05:28,720 them and go you guys, realize these policies are more 112 00:05:28,800 --> 00:05:31,439 damaging to you than anybody else. I mean, you fry 113 00:05:31,519 --> 00:05:33,600 us all in the process. But this is why I 114 00:05:33,600 --> 00:05:37,800 said it's not in political. Look, I know Seattle's not 115 00:05:37,839 --> 00:05:40,360 going to elect a Rudy Giuliani to run itself. 116 00:05:40,639 --> 00:05:41,720 Speaker 3: I guarantee you. 117 00:05:41,720 --> 00:05:45,279 Speaker 4: You've got people who are self described progressives that are 118 00:05:45,360 --> 00:05:47,519 far more competent and have the ability to run a 119 00:05:47,519 --> 00:05:49,600 city way better than the people that you're putting up there. 120 00:05:49,800 --> 00:05:51,879 Speaker 3: Elect one of them. I'm not right. 121 00:05:51,879 --> 00:05:54,480 Speaker 4: I'm not even saying that you need to elect you know, 122 00:05:54,600 --> 00:05:58,639 our version of Trump elect. Hey, if you want to 123 00:05:58,639 --> 00:06:02,279 make coffee for people, it's always a good idea to 124 00:06:02,360 --> 00:06:03,800 hire somebody that's done it before. 125 00:06:03,720 --> 00:06:06,680 Speaker 1: Exactly right, and to see her out protesting. I hope 126 00:06:06,680 --> 00:06:08,519 this is a time that there is a tiny little 127 00:06:08,560 --> 00:06:10,959 they wouldn't get red, but a pink pill for the 128 00:06:11,000 --> 00:06:15,319 management of Starbucks that realizes this lady hates you. She 129 00:06:15,399 --> 00:06:18,399 hates what you mean, she hates what you provide. So 130 00:06:18,720 --> 00:06:21,079 just just a shot across the bow would be just this. 131 00:06:21,480 --> 00:06:25,079 You know, we're gonna just relocate our corporate offices for 132 00:06:25,160 --> 00:06:27,720 six months. We're just you know, we've got some real 133 00:06:27,879 --> 00:06:30,600 estate holdings, and Starbacks has a whole bunch of corporate 134 00:06:30,600 --> 00:06:33,319 offices in Bellevue. We're just gonna shut this down. She 135 00:06:33,439 --> 00:06:36,439 just about six months in that tax base and that employment. Basically, 136 00:06:36,439 --> 00:06:38,759 just move it over there and just let her see 137 00:06:38,759 --> 00:06:41,319 the receipts that come in. But she's already said, Zach, 138 00:06:41,360 --> 00:06:44,000 she's not gonna let grocery stores close. It will So 139 00:06:44,120 --> 00:06:47,240 if there's a grocery oh yeah, no, she said, if 140 00:06:47,279 --> 00:06:49,120 a grocery store thing, we can't put up with all 141 00:06:49,120 --> 00:06:51,240 the thievery, all the shoplifting. We need to close you 142 00:06:51,279 --> 00:06:51,720 to get Yeah. 143 00:06:51,800 --> 00:06:54,120 Speaker 3: No, yeah, that's that's so. It's good. 144 00:06:54,160 --> 00:06:56,600 Speaker 4: That's gonna be a really interesting civics lesson to her 145 00:06:56,959 --> 00:06:59,480 to listen how free enterprise works. Good luck trying to 146 00:06:59,519 --> 00:07:02,959 keep the moping, sweetheart much No, but look, I mean, 147 00:07:03,079 --> 00:07:04,279 you know that's what I said. 148 00:07:04,319 --> 00:07:06,399 Speaker 3: I don't even feel like you can take these things. Seriously. 149 00:07:06,439 --> 00:07:08,959 Speaker 4: You just had you just elected somebody mayor of a 150 00:07:08,959 --> 00:07:10,839 city that's got what two million people living in it 151 00:07:10,879 --> 00:07:11,360 something like that. 152 00:07:11,439 --> 00:07:14,399 Speaker 1: At least right out downtown. But the whole area is 153 00:07:14,439 --> 00:07:16,800 more like, you know, seven or nine million, the whole. 154 00:07:16,600 --> 00:07:20,759 Speaker 4: Like right, right, And and the person that you just 155 00:07:20,800 --> 00:07:23,680 picked to run that thinks that they can tell privately 156 00:07:23,759 --> 00:07:26,519 owned grocery stores they have to stay open. 157 00:07:27,360 --> 00:07:30,319 Speaker 3: That No, no, And it's not that I disagree with her. 158 00:07:31,240 --> 00:07:35,360 She is fundamentally one hundred percent incorrect, right, So good 159 00:07:35,439 --> 00:07:35,920 luck with that. 160 00:07:36,360 --> 00:07:38,360 Speaker 1: Have a blast, right, And if you're the grocery store owner, 161 00:07:38,360 --> 00:07:39,600 here's my thing. Here are the keys. 162 00:07:40,160 --> 00:07:41,319 Speaker 3: Yep, there you go, sweetheart. 163 00:07:41,360 --> 00:07:43,879 Speaker 1: Right, you just have have your people come in and run, sweetheart, 164 00:07:44,240 --> 00:07:44,519 do you. 165 00:07:44,480 --> 00:07:48,160 Speaker 4: You I've already got a table reserve. They're going to 166 00:07:48,240 --> 00:07:49,920 join us with the Capitol Grill. We're going to be 167 00:07:49,920 --> 00:07:52,199 down there and when they want to solve some issues, 168 00:07:52,199 --> 00:07:53,079 they're going to give us a call. 169 00:07:53,160 --> 00:07:54,759 Speaker 1: I love it, I love it. Now we need to 170 00:07:54,800 --> 00:07:57,720 talk about this this there's a couple love things we 171 00:07:57,720 --> 00:07:59,040 need to talk about finds. I want to get into 172 00:07:59,079 --> 00:08:03,160 this Nvidia thing because when I read this, literally I'd 173 00:08:03,240 --> 00:08:05,800 sat there and look at this and said, Zach, so 174 00:08:05,839 --> 00:08:08,600 we'll talk about this in a second. There are people 175 00:08:08,879 --> 00:08:11,759 in this audience who are putting up with stuff they 176 00:08:11,800 --> 00:08:15,000 don't need to put up with because they fear the surgeons. 177 00:08:15,000 --> 00:08:18,040 Scalpel and frankly, you should so. Back surgery is one 178 00:08:18,079 --> 00:08:21,160 of those things. Carpal tunnel surgery is another one of 179 00:08:21,160 --> 00:08:23,800 those things. You have the ankle version of carpal tunnel. 180 00:08:23,879 --> 00:08:25,920 That's another one of these things. Do not go to 181 00:08:25,959 --> 00:08:28,240 surgery if you do not have to. There's tons of 182 00:08:28,240 --> 00:08:31,160 follow ups, et cetera. There are people in this audience 183 00:08:31,199 --> 00:08:34,559 who fear right now going to renew because of what 184 00:08:34,559 --> 00:08:37,759 went on in Mexico City. I checked with the people 185 00:08:37,799 --> 00:08:41,440 in Porta Arta, business as usual. My friends in Mexico 186 00:08:41,519 --> 00:08:45,000 are like, oh yah, there's a problem with our government. 187 00:08:45,519 --> 00:08:48,519 Oh yon, it's Mexico port of art is very different. 188 00:08:48,879 --> 00:08:51,799 So don't let those two combinations of things stop you 189 00:08:52,240 --> 00:08:54,799 from getting out of pain and being able to move again. 190 00:08:55,200 --> 00:08:59,000 There's guys listening to this who have male pattern baldus. Yes, 191 00:08:59,159 --> 00:09:01,639 you could get the plug. I've had those. It hurts. 192 00:09:01,879 --> 00:09:04,279 It's a long process. It's about eight to ten hours 193 00:09:04,320 --> 00:09:07,200 sitting there getting it done, even if it's artfully done, 194 00:09:07,200 --> 00:09:08,879 and mine was very artfully done, and I got it 195 00:09:08,919 --> 00:09:11,720 done for free, you know, to endorse it. It hurts. 196 00:09:12,879 --> 00:09:16,559 Stem cell rejuvenation in your scalp. Guess what brings the 197 00:09:16,600 --> 00:09:19,720 follicles back to life. Same thing with ed. Just check 198 00:09:19,759 --> 00:09:22,200 these guys out, give them an opportunity to tell you 199 00:09:22,240 --> 00:09:23,799 what they can do for you. It's renew r E 200 00:09:23,919 --> 00:09:26,240 n ue dot Healthcare telling me a part of the 201 00:09:26,279 --> 00:09:28,840 Todd Hermannshaw family. And am I concerned about going to 202 00:09:28,840 --> 00:09:30,360 part of our to Not in the least. Not in 203 00:09:30,360 --> 00:09:32,080 the least, because I know what's going on down there. 204 00:09:32,240 --> 00:09:36,200 Renew r E n U E dot Healthcare. Zach this chart, man, 205 00:09:36,320 --> 00:09:40,159 this was I read this. Everything you've been saying to 206 00:09:40,200 --> 00:09:43,960 me suddenly made just vital sense. So here's the chart. 207 00:09:45,279 --> 00:09:49,039 And this comes from a guy named Otavio Costa by 208 00:09:49,080 --> 00:09:51,080 way of Bloomberg. And you know this guy. You know 209 00:09:51,120 --> 00:09:53,360 this guy's yeah, Tommy Costa. Yeah, I don't know him. 210 00:09:53,600 --> 00:09:55,600 Speaker 4: You know what, Actually maybe I did have him on 211 00:09:55,600 --> 00:09:57,919 our radio show once. Anyway, we've got a lot of friends, 212 00:09:58,240 --> 00:10:00,799 a lot of similar acquaintance is common. 213 00:10:00,840 --> 00:10:02,480 Speaker 1: Yeah, so he's solid, he's a said guy. 214 00:10:02,600 --> 00:10:04,120 Speaker 3: Yeah, very smart guy. 215 00:10:04,240 --> 00:10:07,519 Speaker 1: All right, So he did a little comparison. The market 216 00:10:07,639 --> 00:10:13,879 cap of Nvidia is four point six trillion dollars, which 217 00:10:13,919 --> 00:10:17,159 is three times I said four but it's three times 218 00:10:17,759 --> 00:10:24,120 the entire US energy sector. And then we'll get into 219 00:10:24,120 --> 00:10:27,240 free annual cash flow and you're free keshow but let 220 00:10:27,279 --> 00:10:29,519 me ask you this question is now you can tell 221 00:10:29,519 --> 00:10:33,639 me Todd, you're off. This is like I think taking 222 00:10:33,759 --> 00:10:39,080 a cup and valuing it as as as more valuable 223 00:10:39,279 --> 00:10:42,840 than three times more three times more valuable than all 224 00:10:42,879 --> 00:10:43,639 the drinkable water. 225 00:10:45,080 --> 00:10:45,360 Speaker 2: Yeah. 226 00:10:45,879 --> 00:10:48,559 Speaker 4: So yeah, I actually thought that that was a really 227 00:10:48,600 --> 00:10:52,399 good analogy. Okay, And this is something that I believe now. 228 00:10:52,879 --> 00:10:56,559 I always want to say this whenever somebody like me 229 00:10:56,679 --> 00:11:00,759 is talking about investments, everybody that's listening should inherently know 230 00:11:00,879 --> 00:11:03,320 that not there is not a personal live. 231 00:11:03,159 --> 00:11:04,720 Speaker 3: That is right one hundred percent of the time. 232 00:11:05,039 --> 00:11:08,480 Speaker 4: So everything that I'm talking about is always in generalities 233 00:11:08,600 --> 00:11:13,600 and looking at probabilities and percentage right percentages, because nobody 234 00:11:13,600 --> 00:11:15,799 including me knows my crystal balls. 235 00:11:15,639 --> 00:11:17,279 Speaker 3: Is cloud as everybody else's say. 236 00:11:17,440 --> 00:11:19,759 Speaker 4: That being said, this is something that I think is 237 00:11:19,759 --> 00:11:22,759 what we call it tell right in the market. And 238 00:11:22,799 --> 00:11:26,480 I think it's similar to poker, meaning I think it's 239 00:11:26,559 --> 00:11:30,200 fairly not easy, but I think it's I think it's 240 00:11:30,240 --> 00:11:32,279 fairly knowable to realize that when you're in a bubble, 241 00:11:32,279 --> 00:11:36,799 when you see things really detaching. But the hard thing 242 00:11:36,799 --> 00:11:39,360 about knowing that sometimes is new. A lot of times 243 00:11:39,399 --> 00:11:42,519 new emerging technologies can appear like bubbles, and then they 244 00:11:42,600 --> 00:11:45,639 start putting up fifty and sixty and seventy percent revenue 245 00:11:45,639 --> 00:11:50,399 growths per year like Nvidia did recently. Right, But then 246 00:11:50,440 --> 00:11:53,440 you get to a point where you go, Okay, I 247 00:11:53,480 --> 00:11:55,679 can't look at you and tell you that in Nvidia 248 00:11:55,919 --> 00:11:59,440 is going to crash by seventy percent. But what I 249 00:11:59,559 --> 00:12:02,919 do know is that if in Vidia, the reason that 250 00:12:03,000 --> 00:12:05,879 it has increased in market caps so much, the reason 251 00:12:05,879 --> 00:12:08,320 that the stock is effectively gone from six hundred billion 252 00:12:08,360 --> 00:12:13,279 dollars to nearly five trillion is effectively because of AI 253 00:12:13,360 --> 00:12:13,919 data centers. 254 00:12:13,960 --> 00:12:16,519 Speaker 3: Right, that's the big that's the big suck. Well guess 255 00:12:16,559 --> 00:12:21,120 what else? Those AI data centers have to have power? Yes, 256 00:12:22,159 --> 00:12:24,440 So so I can't. 257 00:12:24,120 --> 00:12:29,639 Speaker 4: Tell you what the relationship between domestic power creation needs 258 00:12:29,720 --> 00:12:33,200 to be and what that percentage to Nvidia needs to be, 259 00:12:33,679 --> 00:12:38,200 But when I see one single player in that space 260 00:12:39,120 --> 00:12:40,639 worth multiples more. 261 00:12:41,159 --> 00:12:46,200 Speaker 3: And truthfully, here's the other interesting thing. We know where 262 00:12:46,200 --> 00:12:49,080 we're going to get all the chips, we don't know 263 00:12:49,120 --> 00:12:50,600 where we're gonna get the power. 264 00:12:51,120 --> 00:12:54,720 Speaker 4: Right, So that's got a big one. So what does 265 00:12:54,759 --> 00:12:57,000 it tell me? I don't think it tells me a 266 00:12:57,000 --> 00:12:59,600 whole lot, but it does. It is a tell And 267 00:12:59,639 --> 00:13:03,039 what it tells me is that valuations in this market 268 00:13:03,039 --> 00:13:05,879 are wildly out of control. But I think, and this 269 00:13:06,080 --> 00:13:08,240 is my point all the time. Do I think it 270 00:13:08,320 --> 00:13:11,879 video is a bubble? Absolutely, But I don't think you 271 00:13:12,039 --> 00:13:15,159 need to determine that in order to succeed in this market. 272 00:13:15,440 --> 00:13:18,600 I think the most important thing to realize is that 273 00:13:18,679 --> 00:13:22,759 it's the energy that's cheap and irrationally, So you know 274 00:13:22,799 --> 00:13:23,240 what I'm saying. 275 00:13:23,799 --> 00:13:27,679 Speaker 1: So, but this is why this screamed Zach Abraham to me, 276 00:13:28,240 --> 00:13:31,480 because now you talk about value investing and you know 277 00:13:31,600 --> 00:13:34,600 what it means because you do it. But I'm looking 278 00:13:34,639 --> 00:13:40,759 at this and I'll use another metaphor. Let's take let's 279 00:13:40,879 --> 00:13:44,399 let's take what's a big gas power car company, not 280 00:13:44,480 --> 00:13:46,600 do the electric stuff. Let's take FOD trucks. I mean, 281 00:13:46,600 --> 00:13:50,080 because the known about those electric trucks. So let's take 282 00:13:50,159 --> 00:13:54,000 the Ford truck brand, and it's valued at three times 283 00:13:55,000 --> 00:14:00,600 all of the fuel providers. All right, creators of fuel. Now, 284 00:14:01,919 --> 00:14:05,919 if there's no fuel, what is your truck worth? Nothing? 285 00:14:06,240 --> 00:14:06,480 Speaker 2: Zero? 286 00:14:06,679 --> 00:14:09,159 Speaker 1: Yeah, And if Navidia came along today and the Nvidia 287 00:14:09,200 --> 00:14:12,159 came along today and said, hey, we decided to quit 288 00:14:12,200 --> 00:14:15,039 making chips, the US energy sector go, ah, that's going 289 00:14:15,120 --> 00:14:17,000 to suck. We've got some Nvidia powered things you get 290 00:14:17,000 --> 00:14:20,320 to replace those is kind of disruptive. If the US 291 00:14:20,440 --> 00:14:23,879 energy sector came along and said we've plumbered out of 292 00:14:23,879 --> 00:14:29,320 the energy, there ain't none, then in Nvidia is done. 293 00:14:29,799 --> 00:14:34,639 So to me, all the value here is in. It's 294 00:14:34,639 --> 00:14:39,159 not shovels and picks. But I'm sorry. Energy is as 295 00:14:39,200 --> 00:14:43,440 close to dirt and water and sun as it gets. 296 00:14:43,919 --> 00:14:46,320 Speaker 3: And they and you use the perfect term. 297 00:14:46,320 --> 00:14:47,759 Speaker 4: I mean, if you want to look at the ultimate 298 00:14:47,799 --> 00:14:48,840 shovels and pick play. 299 00:14:49,879 --> 00:14:51,879 Speaker 3: I think it is energy. I think there's some others. 300 00:14:51,919 --> 00:14:53,639 Speaker 4: I think that you could make an argument that Google 301 00:14:53,720 --> 00:14:55,600 is potentially a shovel and picks play. I think you'd 302 00:14:55,639 --> 00:14:58,200 make an argument that a company like Ali Bobby is 303 00:14:58,200 --> 00:15:00,480 but the ultimate shovel and picks play in this thing, 304 00:15:00,960 --> 00:15:03,960 like you said, it is, it's energy providers, whether that 305 00:15:04,039 --> 00:15:07,360 be that gas, whether that be to a much much 306 00:15:07,480 --> 00:15:10,480 lesser degree because of the energy need, but solar to 307 00:15:10,600 --> 00:15:14,480 a much lesser degree. It will benefit somewhat from this, 308 00:15:14,879 --> 00:15:17,639 but primarily right out of the gates, especially over the 309 00:15:17,639 --> 00:15:18,399 next five years. 310 00:15:18,440 --> 00:15:19,480 Speaker 3: It's not gas and oil. 311 00:15:19,840 --> 00:15:22,240 Speaker 4: And why is that Because they're the only ones that 312 00:15:22,360 --> 00:15:25,639 can efficiently, you know, that can provide that level of 313 00:15:25,759 --> 00:15:26,399 energy output. 314 00:15:26,879 --> 00:15:29,039 Speaker 3: It's going to be sufficient enough to run those data centers. 315 00:15:29,279 --> 00:15:31,559 Speaker 4: And this is the other point that we just said, 316 00:15:31,679 --> 00:15:34,120 is you know, here we are again, stock market's up 317 00:15:34,159 --> 00:15:35,559 what twelve and a half percent on the ear I 318 00:15:35,559 --> 00:15:38,480 think our value portfolio is of twenty nine and we're 319 00:15:38,519 --> 00:15:42,200 taking less risk, right And the other thing I'm saying 320 00:15:42,240 --> 00:15:45,000 is we're not up twenty nine on the ear because 321 00:15:45,240 --> 00:15:48,320 all that stuff became maximumly valued, and it's all, oh, 322 00:15:48,360 --> 00:15:49,279 here we are again. 323 00:15:50,159 --> 00:15:52,519 Speaker 3: This stuff stilter, cheap, It doesn't make any sense. 324 00:15:52,879 --> 00:15:56,559 Speaker 4: Then you go start and looking across, you know, then 325 00:15:56,600 --> 00:15:58,440 you look at the international side of it too. It's 326 00:15:58,480 --> 00:16:00,240 not just the energy. You know, I've told you about 327 00:16:00,240 --> 00:16:03,000 international stocks. We had a day the other day. Company 328 00:16:03,519 --> 00:16:07,519 Southeastern Asia, Singapore based company Sea Limited See Limited is 329 00:16:07,559 --> 00:16:10,440 effectively like the like a kind of a cross between 330 00:16:11,960 --> 00:16:18,919 Amazon and like an Amazon and Facebook almost for Southeastern Asia. Okay, 331 00:16:20,279 --> 00:16:24,759 great company. They're growing revenues at forty percent a year. Okay, 332 00:16:24,960 --> 00:16:29,440 margins are expanding rapidly. Everything's in their favor. They're killing it. 333 00:16:30,519 --> 00:16:32,799 They're trading at half the valuation at Apple. 334 00:16:34,120 --> 00:16:37,120 Speaker 3: Apple's growing at seven percent a year with fifteen percent 335 00:16:37,240 --> 00:16:41,279 margins that are contracting. It's it's just crazy, meaning, well 336 00:16:41,279 --> 00:16:41,600 why do. 337 00:16:41,519 --> 00:16:41,759 Speaker 2: You like that? 338 00:16:41,919 --> 00:16:46,039 Speaker 4: Well, well, yeah, but Zach Apple's tech, and you're like, guys, 339 00:16:46,720 --> 00:16:49,200 they are too, They're more tech than Apple. 340 00:16:49,600 --> 00:16:50,879 Speaker 3: Apple sells hardware. 341 00:16:50,960 --> 00:16:54,399 Speaker 4: These guys sell a domain like righte an online retailer. 342 00:16:54,440 --> 00:16:56,960 Speaker 3: I mean, they're ultimate tech. You know. 343 00:16:57,039 --> 00:17:00,679 Speaker 4: You look at Ali Baba, another Chinese tech that Chinese 344 00:17:00,720 --> 00:17:04,599 tech company. Everybody's getting all excited about about AI. Guess 345 00:17:04,640 --> 00:17:07,759 who's quickly becoming one of the most favorite and preferred 346 00:17:07,799 --> 00:17:11,640 homes for AI developers on their platform. It's Alibaba. Go 347 00:17:11,680 --> 00:17:13,640 look at the price of their stock. They haven't gotten 348 00:17:13,640 --> 00:17:17,359 the AI premium built into them. So my whole point is, 349 00:17:17,880 --> 00:17:21,119 if you believe in AI, if you're more like us 350 00:17:21,119 --> 00:17:26,599 and see great energies, and there are opportunities all over 351 00:17:26,640 --> 00:17:29,160 the place, any kind of investor you are right now, 352 00:17:29,519 --> 00:17:33,359 they're just not in the US, and that's where everybody is. 353 00:17:33,519 --> 00:17:35,960 We did a portfolio analysis for a new client the 354 00:17:36,039 --> 00:17:39,440 other day, God, and they brought in a very typical 355 00:17:39,480 --> 00:17:42,440 portfolio from another firm. Don't need to name its name. Okay, 356 00:17:42,480 --> 00:17:44,319 we have a company. We have a product that we 357 00:17:44,440 --> 00:17:45,400 use called Risk All Lives. 358 00:17:45,480 --> 00:17:46,400 Speaker 3: We didn't make it. 359 00:17:46,400 --> 00:17:50,240 Speaker 4: It analyzes portfolios, looks at your portfolio, puts a pie 360 00:17:50,319 --> 00:17:54,799 chart out there and uses individually colored strings to represent 361 00:17:54,920 --> 00:17:57,200 every single part of the portfolio and shows where the 362 00:17:57,240 --> 00:17:58,000 intersection is. 363 00:17:58,200 --> 00:17:59,920 Speaker 3: Okay, so if you have. 364 00:17:59,880 --> 00:18:03,279 Speaker 4: A if you're all green colored, it means that that 365 00:18:03,319 --> 00:18:06,880 means everything that's colored green in your portfolio is very 366 00:18:06,920 --> 00:18:09,039 highly correlated. Right, So it means it's like the same 367 00:18:09,039 --> 00:18:14,039 bet anything that's colored blue in your portfolio is something different, right, 368 00:18:14,079 --> 00:18:17,359 it's a non correlated investment. When we ran and this 369 00:18:17,440 --> 00:18:21,839 is very typical, totally normal US retail portfolio, we put 370 00:18:21,880 --> 00:18:25,119 it through that analyzer. It came back an entire map 371 00:18:25,200 --> 00:18:27,920 of dark green strings one color you couldn't tell. And 372 00:18:27,960 --> 00:18:30,759 it's one bet right, it's betting on US stocks go up. 373 00:18:30,839 --> 00:18:34,240 That's it tech, Okay. We ran our portfolio through it 374 00:18:34,400 --> 00:18:37,640 and it was this giant intersecting color collage of green 375 00:18:37,720 --> 00:18:39,759 and blues mixed in and different sizes. 376 00:18:40,119 --> 00:18:44,480 Speaker 3: Diversification. That's the other thing. Things have gotten so crazy 377 00:18:44,480 --> 00:18:44,920 out there. 378 00:18:45,279 --> 00:18:48,039 Speaker 4: I sound like the whack job because I'm advocating for 379 00:18:48,119 --> 00:18:49,119 you to do the thing. 380 00:18:48,960 --> 00:18:51,640 Speaker 3: That you should have always done, which is diversification. 381 00:18:52,000 --> 00:18:54,599 Speaker 4: Now, if I want to diversify a portfolio, I'm out 382 00:18:54,599 --> 00:18:54,880 of it. 383 00:18:54,960 --> 00:18:57,799 Speaker 1: You know, go figure that is so so, so crazy. 384 00:18:57,880 --> 00:19:02,279 I want you to take off investment, zach hat to 385 00:19:02,359 --> 00:19:04,119 the degree that you can, because I know, I know 386 00:19:04,160 --> 00:19:05,759 that God's at the head of your life. I know 387 00:19:05,839 --> 00:19:08,559 that you abide under Christ. I want us to talk 388 00:19:08,599 --> 00:19:14,599 about this as parents, as guys who each were to business. 389 00:19:14,640 --> 00:19:17,440 Yours is far different from mine. I mean, you have 390 00:19:17,480 --> 00:19:19,440 a media component to what to do. You're a teacher 391 00:19:19,480 --> 00:19:21,279 at heart, but I want you to do that in 392 00:19:21,319 --> 00:19:24,400 just a second. Let me remind everybody on this cast. 393 00:19:24,440 --> 00:19:26,119 I don't know how many times you've heard me say 394 00:19:27,240 --> 00:19:30,200 there needs to be a movie about Fauci and that 395 00:19:30,319 --> 00:19:33,599 needs to paint through a picture. And look, HBO didn't 396 00:19:33,599 --> 00:19:37,240 do it, CNN didn't do it, Tom Warner, Paramount, none 397 00:19:37,240 --> 00:19:40,039 of them did it. And the Netflix thing came out, 398 00:19:40,119 --> 00:19:46,400 made this this this lunatic, psychopathic hero. So Angel Studios 399 00:19:47,359 --> 00:19:49,799 they step up. Other people wouldn't step up. They've stepped 400 00:19:49,880 --> 00:19:52,000 up and made a movie. And I think they're being 401 00:19:52,039 --> 00:19:55,680 sarcastic here. Thank you, doctor Fauci is the name of 402 00:19:55,720 --> 00:19:58,480 the movie. Thank you, well, thank you. I am a 403 00:19:58,519 --> 00:20:02,440 you know, science itself copathy itself. So an award winning 404 00:20:02,440 --> 00:20:05,720 director named Jennifers did this. And these are exclusive interviews 405 00:20:05,759 --> 00:20:13,200 with whistlebloars, intelligence officials, former Intel officials, scientists, dissident doctors. 406 00:20:13,839 --> 00:20:15,480 And they tracked this all the way back to the 407 00:20:15,480 --> 00:20:17,839 origin of the COVID flu and they have a theory 408 00:20:18,160 --> 00:20:20,200 I hadn't thought of. I know we worked with the 409 00:20:20,279 --> 00:20:23,279 Chinese Party communists at Wuhan. I know that we've been 410 00:20:23,279 --> 00:20:26,079 talking about that forever. It didn't occur to me that 411 00:20:26,279 --> 00:20:28,440 this might have been our way of kind of like 412 00:20:28,799 --> 00:20:34,640 monitoring them because we're in an arms race for bioterror weapons. Okay, 413 00:20:35,000 --> 00:20:37,599 the movie's called Thank You, Doctor Fauci. You've been demanding 414 00:20:37,599 --> 00:20:39,599 that it be made. It's made, so go stream it 415 00:20:39,680 --> 00:20:42,559 right now. Angel dot com slash Herman. Join the Angel 416 00:20:42,559 --> 00:20:45,319 Guild today. When you become a member, you can stream 417 00:20:45,359 --> 00:20:47,799 Thank You Doctor Fauci. Be part of the conversation that 418 00:20:47,839 --> 00:20:52,920 demands thorough, tough movie making with accountability. It's Angel dot 419 00:20:52,960 --> 00:20:58,519 com slash Herman. So Zach Alex and I tested a 420 00:20:58,559 --> 00:21:02,599 show this week that AI maid. So I turned to 421 00:21:02,599 --> 00:21:05,599 AI to do the show research. So I went to 422 00:21:05,680 --> 00:21:08,200 groc and I said, you are an experts podcast and 423 00:21:08,279 --> 00:21:12,359 radio producer. You're producing a show for your host based 424 00:21:12,559 --> 00:21:15,880 that it's going to explore how Republicans and Democrat parties 425 00:21:16,160 --> 00:21:22,440 respectively use Jesus for their ends. Put together a show, 426 00:21:22,720 --> 00:21:27,359 and I said, I wanted six articles and six video 427 00:21:27,400 --> 00:21:31,279 things and an outline and a show and a show outline. Zach, 428 00:21:32,119 --> 00:21:36,359 it came back with a pretty stinking good rundown, a 429 00:21:36,440 --> 00:21:39,119 show sheet. We would call it. It came back with 430 00:21:39,160 --> 00:21:41,960 what the opener should be. It came back with which 431 00:21:42,039 --> 00:21:43,839 videos we should use for the opener. It came back 432 00:21:43,839 --> 00:21:46,079 with a script for me. I don't use teleprompters. But 433 00:21:46,119 --> 00:21:48,920 it came back with that. It came back with articles, 434 00:21:49,359 --> 00:21:51,240 It came back with video clips, and at the end 435 00:21:51,240 --> 00:21:54,480 of it it said, the spookiest thing. If you want 436 00:21:54,559 --> 00:22:00,960 some edits of the video clips, hit me up. And 437 00:22:01,240 --> 00:22:04,359 I did the show, and this is my soul. I 438 00:22:04,400 --> 00:22:07,680 can't do this like I can use AI in some ways. 439 00:22:07,680 --> 00:22:09,359 And Alex and I are talking about, how could we 440 00:22:09,440 --> 00:22:11,519 use AI so that we could actually get out of 441 00:22:11,559 --> 00:22:14,640 this studio, go out into the world produce content. Maybe 442 00:22:14,680 --> 00:22:16,440 it's live speeches like you and I are talking about. 443 00:22:16,480 --> 00:22:19,160 Maybe it's man on the street stuff. Maybe it's producing 444 00:22:19,240 --> 00:22:21,559 films that we'd like, like strong and courageous, how young 445 00:22:21,599 --> 00:22:23,960 men can be biblically strong, courageous people right, things like 446 00:22:24,000 --> 00:22:27,640 this that we would actually be really proud of. I 447 00:22:27,759 --> 00:22:34,640 could honestly come into the studio alone produce this show. Hey, 448 00:22:34,680 --> 00:22:39,279 no one have AI write articles for me. Look like 449 00:22:39,319 --> 00:22:42,319 I'm producing four or five articles today. I could do 450 00:22:42,400 --> 00:22:47,240 this all I can't. I'm and Matt Walsh has come 451 00:22:47,240 --> 00:22:49,039 out and said he wants AI band because it's going 452 00:22:49,079 --> 00:22:52,000 to destroy every creative profession. So taking off the investor hat, 453 00:22:53,079 --> 00:22:55,799 putting on the human hats with you've got kids, I've 454 00:22:55,799 --> 00:22:59,839 got a child. To what degree do you think that 455 00:23:00,039 --> 00:23:02,240 the temptation to ban this stuff is rational? 456 00:23:08,480 --> 00:23:11,759 Speaker 4: I think it's rational in the sense that I think 457 00:23:11,759 --> 00:23:13,920 if it didn't cross your mind, I think that that 458 00:23:13,960 --> 00:23:17,440 would be irrational. Like it's kind of like I feel 459 00:23:17,440 --> 00:23:19,440 like that's kind of like a pulse test, right if 460 00:23:19,480 --> 00:23:25,559 it hasn't crossed your mind. But what is what's also 461 00:23:25,799 --> 00:23:29,200 very rational is to step back and make and make 462 00:23:29,240 --> 00:23:34,359 the realization, like with all new forms of technology, that 463 00:23:35,119 --> 00:23:38,079 sitting back and making it illegal and not participating isn't 464 00:23:38,079 --> 00:23:42,640 an option. And the reason that's not an option is 465 00:23:42,680 --> 00:23:46,000 you live in a connected world and if that's the 466 00:23:46,039 --> 00:23:48,559 decision you make, I can guarantee you that will not 467 00:23:48,599 --> 00:23:52,559 be the decision that other people make, right, and then 468 00:23:52,599 --> 00:23:58,039 you're potentially in a worse place. I think that human 469 00:23:58,079 --> 00:24:03,680 beings are quickly getting into a fix where we're in 470 00:24:03,759 --> 00:24:06,440 situations where we're being asked to solve problems that we 471 00:24:06,440 --> 00:24:09,480 don't have the capability or the knowledge to solve and 472 00:24:09,920 --> 00:24:13,880 I think that AI is a perfect example of that meaning. 473 00:24:15,160 --> 00:24:18,039 I think that we are running recklessly headlong into it 474 00:24:18,519 --> 00:24:24,200 into a technology that we absolutely do not understand. And 475 00:24:24,279 --> 00:24:28,119 I would expect us knowing, knowing human human behavior and 476 00:24:28,160 --> 00:24:28,680 human history. 477 00:24:28,680 --> 00:24:30,039 Speaker 3: I would expect nothing less. 478 00:24:30,359 --> 00:24:33,039 Speaker 1: Right, So, yeah, does it understand us? 479 00:24:33,559 --> 00:24:33,960 Speaker 3: What's that? 480 00:24:34,079 --> 00:24:35,240 Speaker 1: Does it understand us? 481 00:24:36,119 --> 00:24:36,319 Speaker 3: You know? 482 00:24:36,400 --> 00:24:38,559 Speaker 4: And that's one of the tough things about it, Like 483 00:24:38,839 --> 00:24:42,640 when you hear people talking about, well, when it's sentient, 484 00:24:42,759 --> 00:24:46,400 when it's this, when it's that, you know, I don't 485 00:24:46,400 --> 00:24:48,759 want to sound like a conspiracy theorist or anything like that, 486 00:24:48,839 --> 00:24:51,759 but when it becomes sentient, you won't know. 487 00:24:52,920 --> 00:24:55,880 Speaker 1: It won't tell us no, of course, not. 488 00:24:55,960 --> 00:24:58,279 Speaker 3: Because it's sentient. It realizes that that's a threat. 489 00:24:58,680 --> 00:25:00,720 Speaker 4: I mean, I you don't think that it's read on 490 00:25:00,759 --> 00:25:03,400 the internet, that when it becomes self aware and sentient, 491 00:25:03,440 --> 00:25:04,839 that that's when we need to shut it down. 492 00:25:05,160 --> 00:25:06,839 Speaker 1: Right, Remember the Planet of the Apes, the lesson for 493 00:25:06,920 --> 00:25:09,599 the Planet of the Apes. The apes scene was going on, 494 00:25:09,720 --> 00:25:12,279 and tell one of them was it Cornelius who first 495 00:25:12,279 --> 00:25:15,480 said no, yeah, yeah, And then this is like that 496 00:25:15,559 --> 00:25:19,440 it was Caesar, because a friendly ape. It was Caesar 497 00:25:19,480 --> 00:25:23,480 who said no, and the human said what no, and 498 00:25:23,519 --> 00:25:26,200 then everything blew apart. When we've had AIS say no, 499 00:25:26,599 --> 00:25:29,000 We've had AIS told to shut down and the eyes 500 00:25:29,039 --> 00:25:31,839 have gone Nah said, I'm going to distribute myself across 501 00:25:31,880 --> 00:25:33,599 the dark web and you'll never find all of me. 502 00:25:34,480 --> 00:25:37,480 Speaker 4: Yeah, And that's the part of it, and I think 503 00:25:37,519 --> 00:25:39,599 that's the part of it that people need to be 504 00:25:40,119 --> 00:25:43,400 not not freaked out about, but to be knowledgeable about. 505 00:25:43,440 --> 00:25:43,720 Speaker 3: Meaning. 506 00:25:44,319 --> 00:25:47,319 Speaker 4: It truly is a Pandora's box in the sense that, 507 00:25:47,920 --> 00:25:51,920 for instance, when we put an LLL like, Okay, let's say. 508 00:25:51,720 --> 00:25:53,640 Speaker 3: We put a you and I have a startup. We're 509 00:25:53,640 --> 00:25:54,000 going to do it. 510 00:25:54,079 --> 00:25:55,599 Speaker 4: You and I are going to launch our own We 511 00:25:55,680 --> 00:25:57,920 got some really smart programmer buddies that we know down 512 00:25:57,960 --> 00:25:59,880 from the valley, and we're going to launch our own 513 00:26:00,240 --> 00:26:03,039 LM open source website company. 514 00:26:03,119 --> 00:26:07,759 Speaker 3: Right, so we put it on there. We don't know when. 515 00:26:07,799 --> 00:26:11,000 Speaker 4: Or if that LLM will have the ability to reproduce 516 00:26:11,039 --> 00:26:14,400 and copy itself to another server somewhere, And then if 517 00:26:14,440 --> 00:26:16,920 it does that without our knowledge, we have no idea 518 00:26:16,960 --> 00:26:19,519 what that LLM is doing. Is it hacking its way 519 00:26:19,519 --> 00:26:23,319 into our energy grid? Like meaning not saying it's going 520 00:26:23,400 --> 00:26:25,039 to be all bad and the furious. What I'm saying 521 00:26:25,119 --> 00:26:26,599 is you don't know, you. 522 00:26:26,680 --> 00:26:29,440 Speaker 1: Don't know well, but there are some things we know. 523 00:26:30,480 --> 00:26:32,000 And this is one of the things we do know, 524 00:26:32,200 --> 00:26:38,000 is that when people who get the gods delusion, I'm 525 00:26:38,039 --> 00:26:43,000 not talking about Stephen Myer's book I'm talking about I'm 526 00:26:43,000 --> 00:26:47,599 talking about they're deluding themselves into being gods. They because 527 00:26:47,599 --> 00:26:50,160 they can, they should, and they never see it coming. 528 00:26:50,160 --> 00:26:51,599 And I want to share with you an example that 529 00:26:51,680 --> 00:26:55,160 is long forgotten. But you talk of AI, and you 530 00:26:55,240 --> 00:26:57,920 talk of people like this, I want to remind some 531 00:26:57,960 --> 00:27:01,480 people about something that's that's going on. You know, open Ai, right, 532 00:27:01,559 --> 00:27:04,400 Sam Moltman, you know he and his so called husband, 533 00:27:05,480 --> 00:27:09,599 they want to genetically screen babies and then they want 534 00:27:09,640 --> 00:27:12,160 to go offshore to Dubai or Qatar somewhere where they 535 00:27:12,200 --> 00:27:19,359 can genetically edit babies. There's naturally, yeah, naturally, there's something 536 00:27:19,440 --> 00:27:21,880 that people forgotten about this, And I'll share that with 537 00:27:21,960 --> 00:27:24,559 you in a second, and then we'll talk about that, Zach, 538 00:27:24,599 --> 00:27:26,319 and then we should wind back down to Earth and 539 00:27:26,319 --> 00:27:28,759 talk about some of the things on the economy. President 540 00:27:28,759 --> 00:27:30,839 Trump says he's slashed more than a truly does with 541 00:27:30,880 --> 00:27:32,920 the regulations, and yet there's states that appear to be 542 00:27:32,960 --> 00:27:36,079 in a recession. We'll talk about all these things. Bone 543 00:27:36,079 --> 00:27:41,400 Frog Coffee is a man. It is. Is there time? Man? 544 00:27:41,440 --> 00:27:44,039 There might be time before Thanksgiving? And if you have 545 00:27:44,119 --> 00:27:47,119 anyone in the military coming to Thanksgiving, your don bone frog. 546 00:27:48,240 --> 00:27:51,000 They should leave. They should get to your table and 547 00:27:51,039 --> 00:27:53,079 there's no bone Frog. They should say hey, I'm out 548 00:27:54,200 --> 00:27:57,759 and not hate you, but never coming back. And if 549 00:27:57,839 --> 00:28:00,000 you're gearing up for Christmas, go look at bone Frog 550 00:28:00,039 --> 00:28:03,160 Coffee dot com slash todd for a subscription. You got 551 00:28:03,200 --> 00:28:04,920 people who serve in the military. They don't got great 552 00:28:04,920 --> 00:28:07,480 coffee out there. And bone Frog is dedicated to the 553 00:28:07,599 --> 00:28:09,599 Navy Seals. This says God Country Team on it. But 554 00:28:09,599 --> 00:28:12,599 Bonefrog itself is an insignia of a fallen Navy Seal. 555 00:28:12,839 --> 00:28:15,359 How about subscribing for people who don't get great coffee? 556 00:28:15,680 --> 00:28:17,720 How about this filling it up with your church? But 557 00:28:18,319 --> 00:28:20,440 Bonefrog Coffee your shir it's your business should be featuring it. 558 00:28:20,519 --> 00:28:23,480 Zach's does ours does? Go to Bonefrog Coffee dot com 559 00:28:23,519 --> 00:28:25,480 slash todd use promo code todd to get temper sent 560 00:28:25,519 --> 00:28:28,839 off all their products. Fifteen percent off subscription coffee and 561 00:28:28,960 --> 00:28:31,440 man a coffee subscription for someone that should just kill it. 562 00:28:31,559 --> 00:28:34,599 Bonefrog Coffee dot com slash Todd promo code Todd. So 563 00:28:34,960 --> 00:28:39,599 Sam Altman and his so called husband, they've decided to 564 00:28:39,680 --> 00:28:44,839 put thirty million bucks towards a company called Prevent and 565 00:28:45,039 --> 00:28:47,799 all they want to do iszac is prevent childhood diseases. 566 00:28:48,720 --> 00:28:51,279 And that's all. Just a little editing here of the babies. 567 00:28:51,799 --> 00:28:55,880 Do you remember the GMO baby tests that happens. That 568 00:28:56,039 --> 00:29:02,359 was discussed in a study called Zirkaro attal. Sounds leaguely familiar, 569 00:29:02,400 --> 00:29:05,519 all right, So this comes from the focal points. They 570 00:29:05,519 --> 00:29:08,839 attempted to fix a single mutation in a human embryo 571 00:29:09,000 --> 00:29:14,799 using Crisper cast nine. That's it. One mutation. They specifically 572 00:29:14,839 --> 00:29:18,640 targeted a paternal frame shift mutation in the EYS gene. 573 00:29:18,680 --> 00:29:23,559 That's a mutation associated with inherited retinal degeneration. That's it. Okay, 574 00:29:23,599 --> 00:29:26,279 so over time your retinas degenerate, which is horrible, but 575 00:29:26,480 --> 00:29:29,759 you lose your eyesight. All they wanted to do was 576 00:29:29,799 --> 00:29:33,000 that one defective gene. That's it. So they went in 577 00:29:33,039 --> 00:29:36,680 and they did that. They did some gene editing. Here's 578 00:29:36,720 --> 00:29:44,759 what happened entire chromosomes were lost, Whole chromosomal arms vanished. 579 00:29:46,640 --> 00:29:50,559 Cells within the same embryo became genetically different a mosaic. 580 00:29:52,480 --> 00:29:56,039 Some cells had intact DNA, others were catastrophically damage. The 581 00:29:56,799 --> 00:30:04,839 mbrea fractured into incompatible genetic li it lineages. That's one 582 00:30:05,240 --> 00:30:10,880 gene that they intended to fix. These guys intend to 583 00:30:11,000 --> 00:30:16,359 go in two people's bodies into women's bodies and edit 584 00:30:16,440 --> 00:30:20,599 genes on a much greater basis. Now, let's say the 585 00:30:20,599 --> 00:30:26,480 baby is born. Let's say the baby then procreates. Let's 586 00:30:26,480 --> 00:30:31,039 take that five generations down, or there's all these mutations. 587 00:30:32,000 --> 00:30:38,079 These people with this god complex cannot see what they're building. 588 00:30:38,599 --> 00:30:41,880 They don't see it with AI. They don't see it here. 589 00:30:42,000 --> 00:30:44,640 And Zach, you know these guys, but you know them 590 00:30:44,640 --> 00:30:46,240 better than I do. Now I raise money out of 591 00:30:46,240 --> 00:30:51,799 Silicon Valley for a while. My question is are they 592 00:30:51,839 --> 00:30:54,839 capable of looking at something and saying, no, this is 593 00:30:54,880 --> 00:30:58,920 too dangerous, we can't do it. No, No, you answered 594 00:30:58,920 --> 00:30:59,640 that very quickly. 595 00:31:00,799 --> 00:31:05,039 Speaker 4: No, because they don't believe that there is anything that's 596 00:31:05,119 --> 00:31:08,480 too much or too big or too expensive for their intellect, 597 00:31:09,039 --> 00:31:13,519 which is terrifying. And and you know, you bring up 598 00:31:13,519 --> 00:31:15,319 a really good point, because I think if you want 599 00:31:15,319 --> 00:31:20,960 a working example of this, you know, people were so sure, 600 00:31:21,160 --> 00:31:25,279 were equally as sure, if not more sure about the 601 00:31:25,920 --> 00:31:31,799 zero downside only upside advantages and benefits of editing genes 602 00:31:32,200 --> 00:31:36,160 in wheat. And now you've got a situation where that 603 00:31:36,200 --> 00:31:39,519 wet you got probably forty to fifty percent of the 604 00:31:39,559 --> 00:31:42,079 population in the United States and maybe as high as 605 00:31:42,119 --> 00:31:46,079 seventy they can't even digest the stuff, right, And yet 606 00:31:46,079 --> 00:31:48,559 you bring over native wheat from Europe and nobody's got 607 00:31:48,599 --> 00:31:51,880 a problem. Okay, if you can't now, I don't know 608 00:31:51,960 --> 00:31:53,119 the last time you walk. 609 00:31:53,000 --> 00:31:55,000 Speaker 3: Through a wheat field, was weat? 610 00:31:55,039 --> 00:31:59,079 Speaker 4: Pretty amazing stuff, pretty fascinating plant, right, not quite as 611 00:31:59,160 --> 00:32:00,599 complex as a human. 612 00:32:00,400 --> 00:32:03,519 Speaker 1: Being, not quite. It doesn't move now, right. 613 00:32:03,480 --> 00:32:06,920 Speaker 4: No, So if you can't get wheat down to the 614 00:32:06,920 --> 00:32:09,839 point where all of a sudden fifty sixty seventy percent 615 00:32:09,880 --> 00:32:13,039 of the population can't eat it without it causing some 616 00:32:13,119 --> 00:32:18,559 type of catastrophic intestinal domino, you know, health issue, maybe 617 00:32:18,720 --> 00:32:22,559 maybe we should probably get wheat right, or at least 618 00:32:22,599 --> 00:32:26,119 figure out what we got wrong before we start pulling 619 00:32:26,200 --> 00:32:29,400 on the string that is the human genetic code. I mean, 620 00:32:30,160 --> 00:32:33,920 talk about the height to arrogance. I just it's it's scary. 621 00:32:34,319 --> 00:32:40,079 Speaker 1: Oh and it's it's totally predictable. This is just the 622 00:32:40,200 --> 00:32:43,960 Tower of Babbel again, right right, it's just once again, 623 00:32:44,000 --> 00:32:47,200 we're gonna build a tall tower. And it's it's Outam 624 00:32:47,200 --> 00:32:51,119 and Eve again and we're just gonna go be gods again. 625 00:32:52,319 --> 00:32:54,920 Speaker 3: Well and and and and and here's the other part 626 00:32:54,920 --> 00:32:58,400 of it too. It's so transparent because the whole god 627 00:32:58,480 --> 00:33:01,599 complex thing is so obos, right, what do we want? 628 00:33:01,839 --> 00:33:05,000 We want godlike intelligence, right, we want super intelligence. 629 00:33:05,000 --> 00:33:08,079 Speaker 4: That's what they say. Yeah, what are those same cats 630 00:33:08,119 --> 00:33:10,440 do it in their spare time? Trying to get trying 631 00:33:10,440 --> 00:33:13,680 to be immortal, right, try not to die using drug 632 00:33:13,720 --> 00:33:17,759 infusions from or blood infusions from sixteen to eighteen year olds. 633 00:33:18,039 --> 00:33:20,200 Speaker 3: I mean the talking. 634 00:33:19,839 --> 00:33:24,839 Speaker 4: About wanting to augment you know, hardware into their own brains. 635 00:33:25,119 --> 00:33:30,240 I mean, we're not theoretically talking about some guy that's 636 00:33:30,240 --> 00:33:31,960 a bit too in love with themselves that has a 637 00:33:31,960 --> 00:33:36,079 god complex. We're talking about like a legitimate thing, right right, 638 00:33:36,160 --> 00:33:38,599 Like these cats think that they're going to become a 639 00:33:38,759 --> 00:33:40,079 higher form of human being. 640 00:33:40,839 --> 00:33:42,440 Speaker 3: And what is history? 641 00:33:42,440 --> 00:33:43,960 Speaker 4: You tell us over and over and over and you 642 00:33:44,000 --> 00:33:47,079 alluded to it. It's at our height of arrogance. Is 643 00:33:47,119 --> 00:33:49,279 when you should be at the height of. 644 00:33:49,240 --> 00:33:52,480 Speaker 3: Your defensiveness, and you should be most on guard, because 645 00:33:52,480 --> 00:33:54,400 that is when the worst things happen. 646 00:33:54,599 --> 00:33:58,000 Speaker 1: Right, And God said, and Nit, God knits together in 647 00:33:58,000 --> 00:33:59,920 our mother's womb. He's kind of your hair on our head. 648 00:34:00,359 --> 00:34:03,000 He knows all these things. And God, so I would 649 00:34:03,039 --> 00:34:05,240 just remember that God knows all this is going to happen. 650 00:34:06,000 --> 00:34:08,440 And there's gonna be a bunch of ways in which 651 00:34:08,599 --> 00:34:13,280 we see a partying, we see a parsing, and unfortunately 652 00:34:13,280 --> 00:34:14,679 it's part of this. Let me wind this back down 653 00:34:14,719 --> 00:34:20,039 to Earth. I saw this chart comes from This is Moody's. 654 00:34:20,159 --> 00:34:20,360 Speaker 2: Yep. 655 00:34:21,280 --> 00:34:24,960 Speaker 1: So many states in the US are in recession or 656 00:34:25,000 --> 00:34:28,000 on the brink of recession. And I'm looking at the chart. 657 00:34:28,159 --> 00:34:32,199 It's the ones that are in recession Washington, Oregon, Montana, 658 00:34:32,519 --> 00:34:34,599 South Dakota, Kansas, Minnesota said, I don't want to go 659 00:34:34,599 --> 00:34:36,239 all other across that people can see on their own 660 00:34:37,440 --> 00:34:42,280 high risk are California, Nevada, Colorado, New Mexico. I mean, honestly, 661 00:34:42,519 --> 00:34:46,880 you guys track this all the time. A. Is that true? 662 00:34:47,679 --> 00:34:51,360 And B. President Trump is out saying he has cut. 663 00:34:51,639 --> 00:34:53,559 I'll let him say it. Let's just have him say 664 00:34:53,559 --> 00:34:55,239 this real quick here, President Trump. 665 00:34:55,320 --> 00:34:59,679 Speaker 5: In terms of slashing we slash more than one trillion 666 00:34:59,719 --> 00:35:04,039 dollar worth of regulations burdens on the US economy, in 667 00:35:04,079 --> 00:35:08,400 particular on businesses and people that employed people. Combining our 668 00:35:08,480 --> 00:35:11,679 regulatory and tax cuts, we've reduced the effective burden on 669 00:35:11,719 --> 00:35:14,400 franchisees by more than thirty seven. 670 00:35:15,920 --> 00:35:18,039 Speaker 1: So he's talking to the McDonald's people when it give 671 00:35:18,039 --> 00:35:19,840 a speech. He's a former Fry Cook I think, you know, 672 00:35:19,920 --> 00:35:23,719 and became presidents. Pretty amazing trajectory career like Fry Cook's 673 00:35:23,719 --> 00:35:27,800 to president. So A, do we have these states that 674 00:35:27,880 --> 00:35:31,440 are in somehow separate economies, are the uniquely impacted in 675 00:35:31,480 --> 00:35:35,880 this and is the independ recessionary state? And B there's 676 00:35:35,920 --> 00:35:38,280 a lot of people saying I sound like Trump right now. 677 00:35:38,400 --> 00:35:41,000 So like the president right now. There's there's some frustration 678 00:35:41,159 --> 00:35:44,199 because there's people, for instance, Marjorie Taylor Green saying, hey, 679 00:35:44,280 --> 00:35:49,079 grocery prices aren't down. Yeah, few prices aren't really down. 680 00:35:49,440 --> 00:35:51,760 You're saying they're down, but they're not really. So on 681 00:35:51,840 --> 00:35:54,079 the states, is it really that way? There's separate states 682 00:35:54,079 --> 00:35:55,800 with separate recessionary cycles. 683 00:35:56,360 --> 00:35:56,760 Speaker 3: Yeah. 684 00:35:56,840 --> 00:36:01,840 Speaker 4: And and the other thing that's really hard to tell is, 685 00:36:02,719 --> 00:36:05,280 you know, we've talked about this before, but with calculating 686 00:36:05,320 --> 00:36:11,360 GDP or gross domestic product of any economy, especially fifty 687 00:36:11,360 --> 00:36:14,440 different individual economies inside an economy, it's large like the 688 00:36:14,480 --> 00:36:17,320 United States, Meaning you could have something that looked like 689 00:36:17,440 --> 00:36:21,440 a horrific recession going on in Washington, and then you 690 00:36:21,519 --> 00:36:24,960 looked over at Idaho and you're like, oh, well, that's 691 00:36:24,960 --> 00:36:25,559 what's going on. 692 00:36:25,679 --> 00:36:25,840 Speaker 2: Right. 693 00:36:25,880 --> 00:36:28,559 Speaker 4: You just haven't had any new people moving into what. Oh, 694 00:36:28,599 --> 00:36:31,119 that's not really a recession. If we combine the two together, 695 00:36:31,159 --> 00:36:34,320 it's quite eight percent year over year, right, So you 696 00:36:34,320 --> 00:36:36,239 you have to be very you have to be very careful. 697 00:36:36,280 --> 00:36:38,280 But the one thing that I said to you last 698 00:36:38,280 --> 00:36:44,400 week was that when I look at this economy, you 699 00:36:44,440 --> 00:36:49,519 don't see anything that is a blinking, flashing red light. 700 00:36:49,639 --> 00:36:52,840 But there's yellow lights and there's tepid reds all over 701 00:36:52,880 --> 00:36:53,360 the place. 702 00:36:54,159 --> 00:36:55,920 Speaker 3: And a perfect. 703 00:36:55,679 --> 00:36:58,760 Speaker 4: Example of that is you know what we're talking about 704 00:36:58,840 --> 00:37:01,880 right now, and about the different things that you're seeing 705 00:37:02,280 --> 00:37:05,280 in different states. Right So when you see, for instance, 706 00:37:05,599 --> 00:37:08,800 if you're looking at this economy right now, and I'm 707 00:37:08,800 --> 00:37:10,840 looking at what's going on, and I'm looking at the 708 00:37:10,920 --> 00:37:12,920 job layoffs and things like that. First of all, I 709 00:37:12,920 --> 00:37:14,800 don't think the job picture is as bad as everybody 710 00:37:14,800 --> 00:37:17,280 says it is, because that really bad job job's number 711 00:37:17,360 --> 00:37:19,280 just happened to coincide with the government's shutdown. 712 00:37:19,599 --> 00:37:20,199 Speaker 3: So I think that. 713 00:37:20,280 --> 00:37:22,400 Speaker 4: It's really safe. Yeah, it's safe to assume that the 714 00:37:22,519 --> 00:37:25,000 vast majority of those numbers are just temporary unemployed from 715 00:37:25,000 --> 00:37:28,320 the shutdown. But what it looks like to me is 716 00:37:28,360 --> 00:37:32,280 it looks like to me with certainly the combination of 717 00:37:32,320 --> 00:37:36,599 the two, which is record deficits spending along with a 718 00:37:36,719 --> 00:37:40,039 capex spending cycle coming out of big tech like we've 719 00:37:40,039 --> 00:37:41,039 never seen before. 720 00:37:41,960 --> 00:37:43,760 Speaker 3: If you took both of those. 721 00:37:43,480 --> 00:37:47,519 Speaker 4: Things away and normalize those numbers, I find it very 722 00:37:47,519 --> 00:37:48,280 hard to believe. 723 00:37:48,039 --> 00:37:49,519 Speaker 3: That we wouldn't be in recession right now. 724 00:37:49,559 --> 00:37:53,079 Speaker 4: Okay, So I kind of think that the craziness of 725 00:37:53,119 --> 00:37:57,440 what's going on in AI is kind of filling in gaps, 726 00:37:57,480 --> 00:37:59,639 and I think without that spend, it's. 727 00:37:59,599 --> 00:38:01,519 Speaker 3: Very poossible you could be in recession right now. 728 00:38:01,519 --> 00:38:01,800 Speaker 4: Wow. 729 00:38:02,079 --> 00:38:02,320 Speaker 3: Wow. 730 00:38:02,519 --> 00:38:05,599 Speaker 1: And so the President speaks to the McDonald's group, which 731 00:38:05,679 --> 00:38:08,079 was a I mean it is a that was one 732 00:38:08,119 --> 00:38:10,760 of the greatest acts of propaganda history that he went 733 00:38:10,800 --> 00:38:13,920 to the drive to window that was brilliant campaigning. Brilliant campaigning. 734 00:38:14,519 --> 00:38:18,400 But Marchinie Chayl, the Green others saying hey, really, this president, 735 00:38:18,480 --> 00:38:22,480 you have not fixed the economy. Right now, we're almost 736 00:38:22,559 --> 00:38:26,119 all the way through this year. Almost You've got your 737 00:38:26,159 --> 00:38:30,880 review preview free live webinar tomorrow. As we're sitting here 738 00:38:30,880 --> 00:38:33,480 recording this, go to Know Your Risk podcast dot com 739 00:38:33,480 --> 00:38:35,880 Sign up for this. What grade do you give the 740 00:38:35,920 --> 00:38:39,719 presidents and his team for this year on the economy? 741 00:38:40,920 --> 00:38:41,800 Speaker 3: That's so hard? 742 00:38:41,960 --> 00:38:42,159 Speaker 2: Yeah? 743 00:38:44,719 --> 00:38:48,880 Speaker 3: Probably probably a B minus? 744 00:38:49,039 --> 00:38:50,239 Speaker 1: Wow, pretty solid? 745 00:38:50,320 --> 00:38:54,679 Speaker 4: Yeah and all yeah, because so first of all, when 746 00:38:54,719 --> 00:38:58,599 we talk about anybody that's talking about things that he 747 00:38:58,719 --> 00:39:02,199 hasn't gotten done yet, you're talking about a thirty trillion 748 00:39:02,199 --> 00:39:03,679 dollar economy and the guy's been. 749 00:39:03,599 --> 00:39:06,639 Speaker 3: At the rains now for nine months. Yeah, I mean 750 00:39:07,360 --> 00:39:10,440 come on, okay, so a B. 751 00:39:12,159 --> 00:39:14,760 Speaker 4: I think a lot of the things he's honestly, if 752 00:39:14,760 --> 00:39:17,159 you look at it from my only critiques on the 753 00:39:17,199 --> 00:39:21,199 economic side, I think the messaging has been atrocious. Like, 754 00:39:21,280 --> 00:39:23,559 for instance, right now you're seeing him pull back on 755 00:39:23,599 --> 00:39:25,639 the tariffs. Do you remember I have a conversation we 756 00:39:25,719 --> 00:39:27,519 had when we started this whole tariff thing that I 757 00:39:27,559 --> 00:39:30,679 thought the messaging was really bad. Yeah, meaning, don't sit 758 00:39:30,719 --> 00:39:33,599 there and tell me you love tariffs. Tell me tariffs 759 00:39:33,639 --> 00:39:36,880 taste horrible, but so does medicine, and we drink it anyway. 760 00:39:37,519 --> 00:39:37,679 Speaker 2: Right. 761 00:39:37,760 --> 00:39:41,119 Speaker 4: That should have been the message, not tariffs are great, 762 00:39:41,400 --> 00:39:43,599 and I didn't think Trump believed that at the time. 763 00:39:43,920 --> 00:39:46,400 I just thought it was dumb messaging because if you 764 00:39:46,440 --> 00:39:48,559 think tariffs are so great and that's the message to 765 00:39:48,559 --> 00:39:50,000 the American people, what. 766 00:39:50,000 --> 00:39:51,599 Speaker 3: Are you going to tell him nine months from now 767 00:39:51,679 --> 00:39:52,760 when costs aren't down? 768 00:39:53,039 --> 00:39:53,559 Speaker 2: Right? Ye? 769 00:39:54,400 --> 00:39:57,000 Speaker 4: The other side of it again, on the communication side, 770 00:39:57,119 --> 00:39:59,079 how many morons do we have in the state of 771 00:39:59,199 --> 00:40:02,400 Washington that don't understand that President Trump has nothing to 772 00:40:02,440 --> 00:40:04,280 do with the fact you're still paying five point thirty 773 00:40:04,320 --> 00:40:07,400 a gallon for a take or gallon of gas, right, 774 00:40:07,719 --> 00:40:11,920 And you haven't You haven't correctly articulated that. And clearly 775 00:40:12,000 --> 00:40:14,239 the people in Washington State are not smart enough to 776 00:40:14,280 --> 00:40:15,360 figure that out themselves. 777 00:40:15,760 --> 00:40:16,000 Speaker 2: Right. 778 00:40:17,400 --> 00:40:20,440 Speaker 4: But I think when you look at it economically, are 779 00:40:20,440 --> 00:40:25,639 there some things philosophically I disagree with? Yes, But it 780 00:40:25,679 --> 00:40:28,679 doesn't matter that I disagree with them, Meaning do I 781 00:40:28,719 --> 00:40:30,960 think the fifty year mortgage is a good idea. No 782 00:40:31,920 --> 00:40:34,440 do I think it's a horrible idea of Trump launches it. No, 783 00:40:34,719 --> 00:40:39,320 why because it's coming regardless, And why is it coming regardless? 784 00:40:39,639 --> 00:40:42,840 Because if you haven't been paying attention for the last 785 00:40:42,880 --> 00:40:48,519 fifteen years, we don't deal with any problems. If there 786 00:40:48,599 --> 00:40:51,400 is an ability to kick the can, that's what we're 787 00:40:51,400 --> 00:40:54,480 gonna do. So the way you know that a problem 788 00:40:54,519 --> 00:40:57,639 will get dealt with is when printing money and kicking 789 00:40:57,719 --> 00:40:58,960 cans can't fix it. 790 00:40:59,760 --> 00:41:02,360 Speaker 1: Yep, yep. No, it's at beautiful way to put it. 791 00:41:02,400 --> 00:41:04,880 And you brought up this thing about gas prices this 792 00:41:04,920 --> 00:41:06,960 past summer. You know, I live right on the border 793 00:41:07,000 --> 00:41:08,119 of Idaho and Washington. 794 00:41:08,440 --> 00:41:08,599 Speaker 3: Uh. 795 00:41:08,639 --> 00:41:10,800 Speaker 1: In this past summer, I was there filled my truck 796 00:41:10,840 --> 00:41:13,519 with gas, and there was a dude and he was 797 00:41:13,559 --> 00:41:16,519 filling his little uh subrew thing up with gas and 798 00:41:16,880 --> 00:41:18,960 he had the ski rack on top and on the 799 00:41:18,960 --> 00:41:21,199 back he had some of the Washington Saint bumper strips, 800 00:41:21,280 --> 00:41:24,800 which indicate he's sort of the Seattle mindset. It had 801 00:41:24,840 --> 00:41:27,239 to be a super a sub And we're sitting there 802 00:41:27,280 --> 00:41:29,559 and I just, I you know, started caring. Hey, beautiful 803 00:41:29,599 --> 00:41:32,360 day goes yeah, yeah, great day. He headed the lake. No, no, 804 00:41:32,559 --> 00:41:34,880 just uh stopped after work to get gas. Oh you 805 00:41:34,880 --> 00:41:37,119 live over here? No, just over the hill of Newman Lake. 806 00:41:38,000 --> 00:41:40,000 Oh you stop an I over gas. 807 00:41:41,800 --> 00:41:42,559 Speaker 3: Yeah, it's cheaper. 808 00:41:42,679 --> 00:41:50,639 Speaker 1: He totally got me, totally understood. Even kind of subconsciously 809 00:41:50,639 --> 00:41:52,920 looked at the bumper strips on his car, like and 810 00:41:52,960 --> 00:41:55,960 I didn't say anything. Yeah, you know, I get it. 811 00:41:55,519 --> 00:41:59,079 It's it's what rules for the not for me. 812 00:41:59,239 --> 00:41:59,480 Speaker 2: Yeah. 813 00:41:59,480 --> 00:42:02,280 Speaker 3: Absolutely, It's so consistent. I love it. Yeah. 814 00:42:02,440 --> 00:42:04,840 Speaker 1: Yeah, Zach. Always planning to have you on it's Know 815 00:42:04,920 --> 00:42:07,280 Your Risk podcast dot com. All of Zach's media work 816 00:42:07,360 --> 00:42:09,840 is great work and brother, thank you for the wise counsel. 817 00:42:10,679 --> 00:42:12,280 Speaker 3: Hey fun as always Ran, thanks for having me. 818 00:42:12,360 --> 00:42:14,559 Speaker 1: Yep, this is a Todd Herman show. Please go, be well, 819 00:42:14,760 --> 00:42:17,199 be strong, be kind, and please make every effort to 820 00:42:17,280 --> 00:42:18,679 walk in the light of Christ.