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Speaker 1: So it's easy to read a headline like this about

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the Saudi Arabians getting out of the petro dollar agreement

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with the United States and to go, that's it. Now,

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she all done. And it's fun to do that, right,

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It's fun to say she all done because then you

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get clicks. But is it the big deal that a

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lot of people feel it is. We're gonna talking with

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Zach Abraham, chief investment officer bull Or Capital Management about

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that and about something he says, once seen, can't be unseen,

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and that is how the international monetary system actually works.

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Talk about this with the help of God Almighty. Thank you,

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Lord for making this possible. And thank you too, you

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for subscribing to our YouTube channel which is finally finally

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having some life breathed into it. That is YouTube dot

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Com slash at the Todd Herman Show.

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

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technocurrats and tyrants everywhere. No from the high mountains of

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Free America. Here's the Emerald City exile God her Man.

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Speaker 1: Today is a day the Lord has made in These

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are the time so which God is the satur we

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shall live. It's a wise Council day, we're in the

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wise council shirts. That's what this is named. It sits

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in a it's it's an especial sealed locker for days

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that mister Abraham joins us, and then he decides when

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he'll have his people. Okay, it make sure that the.

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Speaker 3: Welcome back brother, oh man. Whenever I hear you make

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jokes like that, there's two things that go through my mind. Hey,

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I wish it. Yeah, I hope. I hope that at

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one day I'm in a position to to be able

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to afford such luxuries. And then the other idea in

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my mind is if you ever hear me actually doing

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something like that, slabby.

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Speaker 1: Oh God, So Zach, there is this decoupling Saudi Arabia

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has done apparently from this Petro dollar, and I got

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text from people saying that's it. It's all over. So

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what's actually going on?

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Speaker 3: Okay, So there's some This is one of these tough

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topics because usually people do not believe it or buy

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into it or accept it for a very extended period

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of time. Why that is, I do not know, Okay,

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but I grew up in this environment. So my grandfather

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wrote a very prominent investment newsletter, and he was very

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involved in politics. As matter of fact, he was a

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lead speech writer for multiple Republican candidates for president, and

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he was the leader of the Western States of the

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John Hopkins Society. And one of the things he would

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go around doing is warning people in the seventies and

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early eighties about the coming collapse of the dollar, right

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and based on our soaring debt and all these other

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kind of things. I remember finding a shoe box when

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I was a kid in my parents, in my parents

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closet that was full of nickels and quarters, you know,

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just because we had to buy the real silver ones

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because silver was going to go up a lot in price,

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knock and stuff. So obviously, that collapse of the dollar

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never came, and I had spent an an ordinate amount

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of time because I was extraordinarily flustered with the fact

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that the dollar was not dropping significantly post eight or nine,

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right when they started quantitative easying. I remember sitting there going, Okay,

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that's it's it's came over. And what I started to

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realize is that I need to understand the system that

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the dollar operates in, as opposed to just understanding the

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dollar itself. As a concept or like any other piece

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of money. Right, because the reasoning behind when people say

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that there's something very visceral and something very attractive about

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that logic, because it's very sound and it's very simple. Right.

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If these people are producing all this money, and they're

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printing all this money, and there's all this debt, the

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currency trades on four X systems all around the world

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and or for X exchanges all around the world, and

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that will make the dollar less desired, right, and so

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people will begin to sell their dollars to buy gold,

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they will sell their dollars to buy euros, they will

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sell their dollars to buy yen, because our currency is

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less desirable. Okay, the vast majority of people getting the dollar,

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and by vast majority, you know, I don't, but the

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vast majority of people using the dollar or accessing the

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dollar on a daily basis or not doing it because

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of desirability, they're doing it because they have to.

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Speaker 1: Okay, So let's pause there. This is so important to understand.

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This is something that Microsoft didn't understand that it costs

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them a whole probably six seven, eight years of growth

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and value. They'd set up a system where people didn't

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want Windows, but they had the habit that was what

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was at work, that was what was in the office.

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People had to have this. They didn't understand that there

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was this change coming where that was no longer going

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to be the case. The BYOD bring your own device.

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Microsoft swore that would never happen up and down, no

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one's ever going to let that in a corporate network.

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No one's ever going to let people bring their own phones.

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No one's ever going to let that happen.

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Speaker 3: Wow.

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Speaker 1: Right, And I remember meeting after meeting after meeting having

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this preach to us that's never going to happen, and no,

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it is going to happen, you guys. And I used

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to say, wait, you guys are the ones who helped

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define More's law, and you also defined this for battery capacity.

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Do you don't think the same thing is for security

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and usability? So I wanted just to make that point

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that dollar is used by necessity, not choice, and yet

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there's all these choices being set up like these other

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dollars and other methods.

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Speaker 3: Yeah. So the in the best way to think about

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it is well, so first and foremost you've brought this

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up to if we're gonna look at any currency or

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any doll you know, any any debt scenario involving a

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sovereign government or anything like that. We really have to

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put things in context. And whether you like it or not,

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we can talk about the aft balance sheet liabilities and

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there are many, and your numbers are accurate as I

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understand them, and I'm with you one hundred percent. But

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if we play that game, we also have to calculate

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the off balance sheet assets. Okay, So when we're thinking

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about this, let's start thinking about what the Mississippi River

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is worth. Right, Let's start thinking about okay, right, what

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what what the Midwest is worth? And what And look,

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I am not you guys if anybody's heard me talk

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about this. In no way am I making excuses for

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the reckless spending. But I'm saying we need we do

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need to put it in context. And like I've said

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many other times too, eventually the dollar will collapse, but

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that will be a part policy decision.

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Speaker 2: Right.

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Speaker 3: So, yeah, it's not going to be this long, out

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extended road to misery. And the reason why is because

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when you look at America's asset base, whatever issue that

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we are struggling from, we have the natural assets and

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the natural capacity to overcome that if we start making

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good policy decisions, right, And I think the simplest way

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to put that is, we are the only net exporter

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of energy and food. Now, ironically, if you look at

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all of our policy decisions, they directly threaten that position

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is being a lead producer or net exporter of energy

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and food. Right, people are going, what do you mean, Zach,

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And I'm like, if you see anybody making our energy

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system less efficient or our grids less efficient, that threatens everything,

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including our capacity and ability to generate power and our

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ability to generate and grow food. Okay, so those are

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all those are all intertwined. Right. But then getting back

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to the dollar specifically, what what I started to look

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at is I need to think bigger. There's something going

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on here. This currency clearly isn't being valued on the

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market like other assets that I'm used to dealing with. Right,

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I've got to quit. There's a you know, I'm watching

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the debt go up like this post eight oh nine,

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and nothing's happening that starts buying bonds with printed money.

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Nothing's happening, The dollar's not dropping. What's going on? So

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that led me to really dig into things, and it

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takes you all the way back. And I've mentioned this before,

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but it takes you all the way back to post

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World War two. So thank goodness. Back then, politicians learned

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from mistakes, and they learned from the mistake they made

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post World War One. After World War One, they effectively

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laid the entire cost of the world of the war

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onto the backs of the German people. Right, that was

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like the that was the you know, that was the punishment,

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right and and and look on the face of it,

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that feels like the right thing to do, so you know,

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I get it. Well, what ended up happening is that

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decision led directly to Hitler going coming into power because

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it led to the hyper inflation. Their economy was shot.

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They had no ability to create and process goods that

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would enable them to generate tax revenue which would enable

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them to pay that down that debt. So Germany just

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started printing the money. And that's where the term the

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Vymar Republic came from, right, or that's what it was

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called at that point, the Ymar Republic and the hyper

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inflation that ensued in the twenties. So Hitler comes to

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power in direct response to that currency degradation, and then

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the world learned after World War Two, wait a second,

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We've got to do this in a smarter way. So

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they looked around and the United States was the only

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major economy that was still functioning right, that still had

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infrastructure in place, it still had the ability to produce things.

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So that's when they developed the Marshall Plan. They said, Okay,

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we're going to have the United States rebuild Europe on

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the back of the dollar, so we don't hyperinflate anybody

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else's currency. And then they're like, well what about the dollar,

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and they go the dollar is going to be the

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one currency that in order to trade across assets and internationally,

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all trades in all goods must be settled in US dollars.

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So if you wanted to transact globally, you had to

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do it via US dollars, and to this day you

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still do. And so what that does is it just

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puts an automatic bid no matter what the government is

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doing or how irrespons to it may be. You've got

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people all over the world, unlike any other currency, that

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are accessing the dollar every single day because they have to.

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Speaker 1: Okay, right, this goes I don't want to interrupt your

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flow because I'm learning a bunch. I am headed down

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to seal Fit, you know this, And when I get

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down there, I'm going to be around a group of

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guys and we're going to be in a team. And

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if God willing, I make it through that first twelve hours,

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or rather when I do, that's my mindset. We're going

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to spend forty eight, no fifty hours together, constantly exercising,

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constantly moving, and I'm gonna come back with a garbage

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bag full of clothes. This is gonna be the stinkiest

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worst clothes that have ever existed. And people sometimes burn

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their clothes after seal fit. I'm not doing that, man.

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I'm gonna keep this stuff forever. After I thrive in

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this and get to hear Mark Divine hopefully Coach Devine

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say you are secure and celebrate with these guys and

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go eat ten thousand calories since we're gonna burn a

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thousand calories an hour. I'm gonna take that garbage bag

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and I'm gonna bring it in here and I will

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show you my sealfit clothes so you can see what

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they look like. And of course it's gonna stink to

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high heaven in here, except it won't.

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Speaker 3: No.

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Speaker 1: In fact, I'm gonna turn off the Eeden Pure oxy

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Leaf two device. I'm gonna turn it off and let

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that stuff marinate overnight so when we come in we

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can absolutely smell it. And then we'll turn on the

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Eden Pure oxy Leaf two and see how quickly it

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destroys the scent. It does that by producing ozone in

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the air. Those ozone molecule ER three molecules bond with

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the bad smell, in this case, the unspeakable smell of

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fifty hours of exercise and mud and sweat, et cetera. Blood,

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and we'll see how quickly it all dissipates, because when

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it bonds to the molecules that produce the bad smell,

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it actually restructures their molecular structure and it's gone. They'll

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save you a huge amount of money on the Eating

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Pure Auxial Leave two device for your home, your Airbnb, brbo, dorms,

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military barracks. Buy one, get one free, go to eatinpred

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deals dot com, enter enter todd Bogo. That's todd Bogo

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eatingper deals dot com. Enter code to todd Bogo and

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buy one, get one free. Microsoft did things that would

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end any other company. They shipped Windows and T the

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networking member and everything was going to the network, right,

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everything was going to be this connected network. They shipped

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the first version of that without print drivers.

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Speaker 3: So you was it just an oversight or what?

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Speaker 1: Yeah, it's there's so many there's if you look at

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the history of tech, there's so many things that should

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have destroyed companies like I think his name is Mitch Kapoor.

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He invented the spreadsheet, and Apple bought it from him. Spreadsheet.

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I mean, imagine doing your job without a spreadsheet. There

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was a time and that was all done on paper.

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So Apple buys this from him, and this is why

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people were buying the early Macintoshes. They would go to

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the store. So there's the Microsoft, the Macintosh. Which one

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do you want the one with the spreadsheet? Believe it

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or not. I want the one with a spreadsheet.

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Speaker 3: Oh okay small business owners. That's why almost all small business

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owners had a mac.

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Speaker 1: Right, yeah, I want the one with a spreadsheet. So

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of course Microsoft is looking at this going wow, okay,

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we need a spreadsheet, and their lawyers are going okay, well,

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look there's a patent on this. And then the lawyers

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went and dug through it like actually no, so Steve

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Jobs team called I think it's Mitchkapour. I could be

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forgetting the last name, but I think I met this

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guy and asked one day about this. They called him, Hey, Mitch,

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you know about the whole spreadsheet thing we bought from you,

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could you go ahead and send the patent paperwork, the

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what not patent? They didn't patent it, so the entire

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thing could be just oh, okay, we'll do that too,

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no patent micro This guy, he's a genius.

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Speaker 3: Oh see, one of those guys who just I didn't

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think about patenting it.

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Speaker 1: I just forgot that part. And in the case of

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the Microsoft fatig getting shipped, oh print drivers, that's right,

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because this is all about networked printers. So they had

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to come back and go, oh okay, hold on, let's

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in our case that they had that momentum, all of

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that didn't matter until it came to all of a

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sudden the phones, and all of a sudden there was

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this new market phones. Microsoft thought we could use our

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momentum this and I'll never forget this conversation. I will

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never to the day I die forget this conversation. I

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was on a team that had an piece of IP

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that note this. It was called a thumb driven user interface,

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a zooming user interface. Thumb driven, so instead of a

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stylus picking up a stylus and pointing at a device,

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you'd use your thumb and the interface zoomed in and out.

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And my job was to create a business model for this.

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So I created something we called applets, so we called

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them lifestyle centric applets. Some you bought, some that came

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for free with advertisers. We had advertisers lined up for this.

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We tested that software in the Silicon Valley testing lab

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and at that time it was the only one that

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ever came back with one hundred percent usability likability score.

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And this had nothing to do with me, they said,

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to do with a great genius named John san Giovanni.

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And John and his team they designed this that comes

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back with one hundred percent usability, meaning people enjoy using

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it the second they picked it up. They could use it.

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They didn't have to be told how to use it.

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They enjoyed using it. We sat down with the guy

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who ran mobile at the time, one of the chief

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dudes who ran mobile. He said the following guys, congratulations

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in this great piece of software. Hey, you know, I

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really liked a business model. I think this could do

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really well. But we're not going to adopt it. Why

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because the start button defines Microsoft. It always will define Microsoft.

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It's never going to change. And I was one of

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the people who invented it, and I said to him,

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are you open to feedback about that? He goes, yes,

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but my decision has been made. Okay. I just want

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to make sure I understand your intention. You are telling

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me that people are going to continue to pull a

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tiny little stylist out of their phone, hold it to

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their face, and tap, tap, tap to get what they want,

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versus one hand swiping through a zooming user interface. They

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are because that's all we're going to ship. So, Zach,

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you're giving us this unbelievably important lesson about the Weimar Republic.

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It's this now necessity that organizations use the dollar. We

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operate in this international monetary system. Are we not at

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risk of the bitcoins or something else becoming that iPhone

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that none of us think can happen? Or is it

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the fact that we have a big, huge army and

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nuclear weapons that means it's not going to happen.

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Speaker 3: Well, I mean, look, it is going to happen, right,

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it's it's a matter.

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Speaker 1: So there is going to be a new device for payment.

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Speaker 3: Yeah, well, like yes, and one of the primary drivers

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of it will be imperialist, in my opinion, imperialistic type

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actions that you currently see from our government like you

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see and you crane right now, yep, right, meaning you

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know that intervention. The fact that for this issue, I

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don't like Putin and I'm not even like in Tucker

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Carlson's camp on this. I think Putin is a complete scumbag.

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I think it makes sense to have communication with him.

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But I'm not saying this from some weird like pro

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Russian far you know. I know there's and look, I'm

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not saying that that's good or bad. Okay, I'm not

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saying that that will end up being correct or not.

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What I'm saying is, I'm if you take both extremes

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of the Ukraine Russian issue, I'm pretty much right in

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the middle, meaning I you know, I don't think that

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we should be involved anywhere like we are. But anyway,

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my point to this is I don't have an ax

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grind against Putin. I'm also not an apologist, but when

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you look at what them banning him effectively from the

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international monetary system, you know everybody took notice and went, whoa,

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it's it's It looks you you had this same kind

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of impact on the international monetary and economic system that

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you're seeing right now in New York regarding Trump's convictions. Right,

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it's whoa. Okay, if we're going to do business in

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New York, we need to develop another exchange in Texas,

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we need to develop some contingency plans because you just

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changed the rules, right, and the international response that has

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been the same way. But so getting back to why

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it has not happened yet is everybody needs to accept

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and again I don't know why, but this usually takes

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a while for people to wrap their head around. The

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dollar isn't going anywhere, and it has nothing to do

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excuse me, cod's thank you, sir. And it has nothing

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to do with its inherent goodness or value. It has

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to do with the fact that if you want to

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trade goods or exchanges on an international basis, you've got

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to do it in US dollars. So, unlike every other

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currency out there in the world, the US dollar underlies

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virtually every single trade, and then a process that has

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still it may have peaked, it doesn't look like yet

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in the data, but in a process that's been playing

359
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out post eight oh nine. Guess what, and increasingly so,

360
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guess what by a by a huge number? What currency

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is the vast majority of debt in the world monetized? Then?

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Speaker 2: Right?

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Speaker 3: What? What? What? What do you think it is?

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Speaker 1: According to a text message, I got it's gift cards

365
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from Amazon. But this guy he's in Ethiopia and he

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said he's like the son of a prince or something,

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but he's having trouble with immigration. So I'm gonna yeah,

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I didn't you.

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Speaker 3: He got a hold of you too. I've got ten

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I got ten mil in the mail company. Should be

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running good. Yeah.

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Speaker 1: I was starting to get a phone call with him,

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but someone else answered, it's so weird.

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Speaker 3: It's something like a call center. Weird.

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Speaker 1: Are you gonna tell me the US dollar is? What

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is monetized?

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Speaker 3: Yeah? And so and so what so what does that do? Right?

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Every month? What do you have to do with debt?

379
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You got to pay a service fee or you got

380
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to pay a fee, right, So that means the more

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debt that is denominated out there in US dollars, the

382
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more the demand for dollars increases. Now here's the case.

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Speaker 1: This is it's we know okay, No, I'm starting to

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understand something.

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Speaker 4: This accident of history of World War two, of of

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oh well, let's pay with dollars has allowed our country

387
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to become evil and stupid and corrupt.

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Speaker 1: And it's this is self feeding mechanism.

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Speaker 3: Yes, and this is what I meant, and I and

390
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I should have I should have dug into this deeper

391
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because I thought I had communicated that. But this is

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what I meant when I said, yeah, it's going to

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be miserable, but I actually think a collapse in the

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dollar would be good for the United States in the

395
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long run. That's that's exactly what I meant. It's enabled

396
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all of this, right, think of the think of the

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international forays that we wouldn't have been able to get

398
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ourselves into because we couldn't afford it. Right, if we

399
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actually had to live on the budget, we didn't have

400
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this luxury of this constant demand underlying our currency, it

401
00:22:13,519 --> 00:22:16,599
would it would keep I mean, look, you've seen it

402
00:22:16,640 --> 00:22:20,599
happen with Empires. What kept England England didn't just get

403
00:22:20,640 --> 00:22:23,039
religion all of a sudden. What kept them from expanding

404
00:22:23,079 --> 00:22:27,279
They ran out of money, right, so they weren't able

405
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to continue that imperialist creep over the entire globe. And

406
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we're not in that situation yet. And then here's the

407
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other catch. Every time you have an economic catastrophe or

408
00:22:40,240 --> 00:22:44,160
anything like that, when you're dealing with a fractional reserve

409
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banking system, what asset underlies all other assets? Debt? Right?

410
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Debt does So when the economy rolls over, what do

411
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you get? You get debt defaults. Right, what does that mean?

412
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Debts disappear? Well, what are you doing when debt disappears?

413
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You're shrinking the monetary base. So this in a weird way.

414
00:23:07,680 --> 00:23:09,960
So far now this is just a reflexive loop. It

415
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will get reflexive on the other side of this at

416
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some point that nobody knows, right, there will be a

417
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moment where it breaks and it flips the other way.

418
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Speaker 1: So people have to understand. You know what I hear

419
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Zach saying, and you've said this before, but this is

420
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such a more a cleaner explanation, more complete. I think

421
00:23:25,279 --> 00:23:27,119
I've just let you talk and got out of your way.

422
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That the US debt falling or the US dollar falling

423
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could force us now no longer in the age of necessity,

424
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could force us to have a sea change in how

425
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we behave as a country because guess what, Mommy and

426
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Daddy's dollars are gone. It's funny what happens once the

427
00:23:42,279 --> 00:23:45,720
parents cut you off. Hey, so, mama, you know, a

428
00:23:45,759 --> 00:23:48,119
little short done rent this month? And I just, you know,

429
00:23:48,240 --> 00:23:49,599
maybe it's just no.

430
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Speaker 3: My kids start cleaning the kitchen without being asked.

431
00:23:52,880 --> 00:23:56,519
Speaker 1: Yeah, well, but I'm gonna like, I'll probably get kicked

432
00:23:56,519 --> 00:23:58,359
out of my apartment. That's gonna be really hard. How

433
00:23:58,359 --> 00:24:02,680
are you going to handle that? But maybe you could

434
00:24:02,680 --> 00:24:03,680
give me two hundred No?

435
00:24:05,079 --> 00:24:07,480
Speaker 3: Yeah, okay?

436
00:24:07,799 --> 00:24:10,039
Speaker 1: And you realize now you start thinking weight? How much

437
00:24:10,039 --> 00:24:12,839
blood can I sell? Every day? So I don't know,

438
00:24:12,960 --> 00:24:15,559
did you have better experience? Maybe I could use a

439
00:24:15,559 --> 00:24:17,759
different blood bank. They won't notice that my lips are white.

440
00:24:17,799 --> 00:24:18,359
Are you okay?

441
00:24:18,759 --> 00:24:19,359
Speaker 3: I'm fine.

442
00:24:20,119 --> 00:24:27,880
Speaker 1: I wonder do assassination attempts of former presidents have any

443
00:24:28,000 --> 00:24:31,279
sort of effect on the economy of a nation. What

444
00:24:31,400 --> 00:24:34,960
about the sudden replacements of the guy who's the only

445
00:24:35,000 --> 00:24:38,519
guy who can rescue us from literal orange Hitler is

446
00:24:38,559 --> 00:24:41,599
suddenly the guy who cannot rescue us from little Orange Hitler.

447
00:24:41,839 --> 00:24:45,160
But Orange Cam he can. The weekend that went up

448
00:24:45,160 --> 00:24:48,359
to youth Camp, I'm standing there, minding my own business,

449
00:24:48,480 --> 00:24:51,000
having a great privilege of watching God work in the

450
00:24:51,039 --> 00:24:54,480
lives of these young men, these boys, and being led

451
00:24:54,519 --> 00:24:57,240
by some young men by the way, and my friend

452
00:24:57,319 --> 00:24:59,240
Kevin comes up to me and he thinks he means well,

453
00:24:59,559 --> 00:25:02,920
and first he's just my old high school nickname, Herman. Hey, Herman.

454
00:25:03,119 --> 00:25:05,960
They shot Trump? I was OK, yeah, yeah, yeah, and

455
00:25:06,000 --> 00:25:09,440
he goes, no, seriously, they shot Prisent Trump. And at

456
00:25:09,440 --> 00:25:11,119
that moment, I'm like, oh my gosh, camp is going

457
00:25:11,200 --> 00:25:12,480
to be over. I'm going to have to go figure

458
00:25:12,480 --> 00:25:13,960
out how to make a YouTube video. I'm gonna have

459
00:25:13,960 --> 00:25:16,000
to respond to this very quickly. Where were you when

460
00:25:16,039 --> 00:25:16,720
you learned about it.

461
00:25:19,920 --> 00:25:22,200
Speaker 3: Let's see, I was on the golf course with a

462
00:25:22,279 --> 00:25:26,319
mutual friend of ours, yes, and I'll just use a

463
00:25:26,359 --> 00:25:31,839
first name but Mark, Yeah, and with my son, and

464
00:25:32,799 --> 00:25:36,000
playing a spectacular golf course by the way. And at

465
00:25:36,000 --> 00:25:41,880
first I went, you know, I I don't I don't

466
00:25:41,880 --> 00:25:44,680
think a lot of people should envy managing money for

467
00:25:44,720 --> 00:25:46,759
a living because it's really stressful. But the one thing

468
00:25:46,759 --> 00:25:50,799
that is nice about is it really desensitized you too nonsense.

469
00:25:52,119 --> 00:25:53,799
You know, you have to brush off so many things.

470
00:25:53,799 --> 00:25:56,480
So my first thought was fake news whatever, you know.

471
00:25:57,240 --> 00:26:00,839
And then I followed up and heard from a couple

472
00:26:00,880 --> 00:26:04,440
other very reliable people. Uh. And this all probably happened

473
00:26:04,480 --> 00:26:07,680
in the matter of two to three minutes. And at first,

474
00:26:07,799 --> 00:26:10,759
you know, shot like, I'm sitting there going, okay, we

475
00:26:11,039 --> 00:26:14,880
are is he dead? You know what's going on? But yeah,

476
00:26:14,880 --> 00:26:20,720
I was on a golf course and and you know it,

477
00:26:20,720 --> 00:26:25,319
it's rattling. I was alive when when Hinckley went after Reagan.

478
00:26:27,119 --> 00:26:29,079
But you know, I was so young. I was probably

479
00:26:29,119 --> 00:26:30,759
four or five years old at the time, so I

480
00:26:30,920 --> 00:26:33,079
don't I you know, I don't really remember it. And

481
00:26:33,119 --> 00:26:34,680
I just kind of remember sitting back in my golf

482
00:26:34,680 --> 00:26:38,759
cart going, holy smokes. Just when you don't think things

483
00:26:38,799 --> 00:26:42,400
can get any crazier or any more vicious, you know,

484
00:26:42,480 --> 00:26:46,559
here we go. So yeah, that's that's what I was doing.

485
00:26:46,599 --> 00:26:48,319
And then and then I think one of my first

486
00:26:48,319 --> 00:26:50,079
thoughts I was like, cause I knew where you were

487
00:26:50,119 --> 00:26:52,759
at the time. Yeah, and I remember because I texted you.

488
00:26:52,839 --> 00:26:57,160
Probably not too long afterwards. I just thought, man, I

489
00:26:57,200 --> 00:26:58,720
wonder if Todd notes, because I don't know if you

490
00:26:58,799 --> 00:27:00,559
had service or anything like out up there.

491
00:27:01,119 --> 00:27:03,640
Speaker 1: I had to go get onto the Wi Fi because

492
00:27:03,640 --> 00:27:05,920
odther they don't want the boys having access to Wi Fi,

493
00:27:06,000 --> 00:27:08,960
so they get the secret WiFi. And then, oh my gosh,

494
00:27:08,519 --> 00:27:12,599
the technology gymnastics of trying to get videos to upload.

495
00:27:12,640 --> 00:27:14,519
And please don't ever tell me Apple.

496
00:27:14,319 --> 00:27:14,960
Speaker 3: Is slick tech.

497
00:27:15,039 --> 00:27:18,200
Speaker 1: It's gross, it's horrible. It is I saw it in

498
00:27:18,319 --> 00:27:20,880
Disfolder and here it is and everybody has access to it.

499
00:27:20,920 --> 00:27:23,599
Then the folder disappears, and it was just this nightmare.

500
00:27:23,640 --> 00:27:26,440
But I wanted to ask you. It seems to me

501
00:27:27,480 --> 00:27:30,279
and maybe this is me just being completely naive, but

502
00:27:30,400 --> 00:27:33,519
when we have let's see, the day before he's going

503
00:27:33,559 --> 00:27:37,759
to be the official nominee, the Republican you know, the

504
00:27:37,960 --> 00:27:41,960
Republican leader is nearly assassinated in what can only be

505
00:27:42,000 --> 00:27:45,119
described to me at this point as a purposeful decision

506
00:27:45,119 --> 00:27:48,240
to hey, just let one get through. There's just too much.

507
00:27:48,400 --> 00:27:50,480
It's too much, Jeff Epstein, it's too much. Oh, the

508
00:27:50,519 --> 00:27:53,759
cameras and the cell they broke, and the cameras outside

509
00:27:53,759 --> 00:27:56,359
themsel broke, and oh we accidentally erased the nine one

510
00:27:56,480 --> 00:27:59,400
month messages and oh, we forgot he was on suicide watch,

511
00:27:59,400 --> 00:28:01,319
and oh, were there's sheets in there? How'd sheets get

512
00:28:01,359 --> 00:28:04,440
in there? And when you see that, and then the

513
00:28:04,519 --> 00:28:06,519
very next day, figure head Biden says, well, if it's

514
00:28:06,519 --> 00:28:08,839
a bad cold, I guess I won't run. After the

515
00:28:08,880 --> 00:28:15,640
failed attempt, that should probably have an effect on the

516
00:28:15,720 --> 00:28:19,960
stock market because this goes full on. It's not banana

517
00:28:20,000 --> 00:28:25,759
Republic anymore. This is like smashed banana salad republic. Yeah,

518
00:28:26,000 --> 00:28:27,599
and it didn't.

519
00:28:28,680 --> 00:28:30,640
Speaker 3: No, I remember, And this is kind of what I've

520
00:28:30,640 --> 00:28:32,839
been telling people is politics matter a lot less than

521
00:28:32,839 --> 00:28:36,640
you think in a scenario where the Federal Reserve and

522
00:28:36,680 --> 00:28:38,720
the Federal governor engaged in what they do. And I

523
00:28:38,720 --> 00:28:40,799
think one of the things that people need to remember

524
00:28:42,400 --> 00:28:49,440
is remember Rome did not collapse because prices went down. Right,

525
00:28:49,519 --> 00:28:53,559
Rome collapsed the prices went up, Okay, right the end

526
00:28:53,640 --> 00:28:56,079
of every empire, and you can go we can be

527
00:28:56,119 --> 00:28:58,599
talking about the British Empire, we can be talking about

528
00:28:58,839 --> 00:29:00,279
you can go, you can go south. This is the

529
00:29:00,359 --> 00:29:03,640
years back and trace this to Chinese dynasties. The number

530
00:29:03,680 --> 00:29:06,440
one reason that you had dynastic turnover back in the

531
00:29:06,519 --> 00:29:12,799
Chinese dynastic days was inflation currency collapse. And so, to

532
00:29:12,839 --> 00:29:15,519
be clear, and I've been pretty vociferous about this, we're

533
00:29:15,519 --> 00:29:17,480
not on the edge of a currency collapse because we're

534
00:29:17,519 --> 00:29:21,680
still the clean We're winning a race by default. But

535
00:29:22,160 --> 00:29:27,920
you know what's driven the primary driver of assets. I mean,

536
00:29:28,000 --> 00:29:33,119
for first of all, you've had unbelievably profitable companies unlike

537
00:29:33,160 --> 00:29:35,640
anything we've ever seen over the last thirteen to fourteen years,

538
00:29:35,680 --> 00:29:38,359
so you can't look past that. But generally speaking, what's

539
00:29:38,440 --> 00:29:42,279
driving asset prices is you know, our government spending six

540
00:29:42,279 --> 00:29:46,119
and a half to seven percent deficits to GDP, right,

541
00:29:46,160 --> 00:29:48,559
I mean, the stock market did pretty well during the

542
00:29:48,559 --> 00:29:50,559
forties as well. In the middle of World War Two. Why,

543
00:29:50,640 --> 00:29:54,119
I mean, the government was just printing money like nobody's business, right,

544
00:29:54,160 --> 00:29:57,039
and for different reasons that was that was that was

545
00:29:57,119 --> 00:30:00,680
actually more investment, right. They were investing in US being

546
00:30:01,119 --> 00:30:04,960
the you know, the sovereign, the world reserve currency. They

547
00:30:04,960 --> 00:30:07,599
were investing in US being the military superpower of the

548
00:30:07,640 --> 00:30:10,720
next seventy eighty years. So it's not a good comp

549
00:30:10,880 --> 00:30:13,440
meaning I think the reason we were spending what we

550
00:30:13,440 --> 00:30:15,799
were spending when you consider our budgets at the time,

551
00:30:16,359 --> 00:30:18,480
I think they're spending and deficits. We ran in World

552
00:30:18,519 --> 00:30:21,000
War Two, we're more than justified. And it's precisely why

553
00:30:21,039 --> 00:30:23,519
you build a surplus. We didn't have a surplus at

554
00:30:23,559 --> 00:30:24,920
the time, we were coming out of the Great Depression.

555
00:30:24,960 --> 00:30:27,240
But you know, debt is a percentage of GDP was

556
00:30:27,400 --> 00:30:30,680
a fraction of what it is now. So but but

557
00:30:30,839 --> 00:30:32,400
you know, at the end of the day, the other

558
00:30:32,480 --> 00:30:34,839
thing is is that when you've had what we're in,

559
00:30:35,039 --> 00:30:37,960
very undiscovered country right now as a country as far

560
00:30:38,000 --> 00:30:41,519
as the financial markets are concerned. Because in our country,

561
00:30:41,559 --> 00:30:45,079
you've averaged the recession every seven years. We haven't had

562
00:30:45,119 --> 00:30:48,880
a proper recession since eight o nine, right, longest bull run,

563
00:30:48,920 --> 00:30:52,279
biggest bull market run in history. And people buy stocks

564
00:30:52,279 --> 00:30:55,680
because they go up, right, nobody's doing the fundamental analysis.

565
00:30:55,920 --> 00:31:00,200
So literally, it's going to take you know, a luck

566
00:31:00,240 --> 00:31:02,559
at a cold water, which could take the form of,

567
00:31:02,640 --> 00:31:07,319
you know, increased political tensions. You know, the fear right now,

568
00:31:07,880 --> 00:31:10,440
the average investor doesn't have a fear of losing money

569
00:31:10,440 --> 00:31:12,119
in the market. They haven't. They have a fear of

570
00:31:12,119 --> 00:31:15,319
not being invested enough in the big names. And until

571
00:31:15,400 --> 00:31:20,000
that behavior shifts and you could see it starting to happen. Now,

572
00:31:20,039 --> 00:31:22,000
I mean, I'm not making a call here. It's it's

573
00:31:22,000 --> 00:31:24,240
a fool's errand to try to predict short term market

574
00:31:24,279 --> 00:31:27,759
movements and things of that nature. But you know, I

575
00:31:28,079 --> 00:31:30,680
think what you could have is you could have a

576
00:31:30,759 --> 00:31:34,039
beginning of market starting to look at more normal things,

577
00:31:34,079 --> 00:31:36,920
starting to pay attention to more fundamentals. But yeah, no,

578
00:31:37,519 --> 00:31:40,079
it didn't blink. And quite honestly, it didn't surprise me

579
00:31:40,119 --> 00:31:41,079
that it didn't blink.

580
00:31:42,680 --> 00:31:45,559
Speaker 1: Then you see the transfer of power that fourteen million

581
00:31:45,599 --> 00:31:49,079
people voted for the figurehead. He was the presumptive dominie.

582
00:31:49,079 --> 00:31:51,359
And then it's oh yeah, never mind, that's.

583
00:31:52,400 --> 00:31:53,759
Speaker 3: That's how they save democracy.

584
00:31:53,799 --> 00:31:57,079
Speaker 1: Talk right right. A metaphor occurred to me as you

585
00:31:57,079 --> 00:32:02,759
were speaking about the no real recession. There's a metaphor.

586
00:32:03,000 --> 00:32:04,759
Let me think through this is just let me formulate

587
00:32:04,759 --> 00:32:08,440
this in my mind. Your retirement account whenever you began

588
00:32:08,559 --> 00:32:10,720
working and you set that up. I know you've probably

589
00:32:10,799 --> 00:32:13,480
changed it over time, but did you modify it for

590
00:32:13,519 --> 00:32:16,559
a world in which there are no rules? Did you

591
00:32:16,640 --> 00:32:20,960
modify it for a time when a company's financial performance

592
00:32:21,119 --> 00:32:25,720
does not matter in relation to its stock price? Did

593
00:32:25,720 --> 00:32:27,880
you set it up for that? If not, you probably

594
00:32:27,920 --> 00:32:32,680
need to remake your entire retirement plan. If you're five

595
00:32:32,759 --> 00:32:35,519
years out, you better do it now, ten, maybe tomorrow, fifteen,

596
00:32:35,599 --> 00:32:37,319
get to it before the end of the weekend, but

597
00:32:37,400 --> 00:32:41,079
do it the right way. Or you can go to

598
00:32:41,160 --> 00:32:44,359
a free live webinar from my friend Zach Abraham, chief

599
00:32:44,400 --> 00:32:49,559
investment officer Bulwark Capital Management. Zach's animating action in life

600
00:32:49,599 --> 00:32:53,039
is to manage people's money as fiduciary, meaning he must

601
00:32:53,079 --> 00:32:56,720
put our financial interests above his own. And he operates

602
00:32:56,799 --> 00:32:59,960
with risk management as an obsession, which in his mind

603
00:33:00,079 --> 00:33:03,240
and requires actively managing every portfolio, which can in fact

604
00:33:03,319 --> 00:33:07,559
reduce risk and volatility. He's doing a live webinar free

605
00:33:07,599 --> 00:33:10,839
to attend. He's going to talk about current events and

606
00:33:10,920 --> 00:33:15,039
how current events can affect your retirement account and how

607
00:33:15,079 --> 00:33:18,240
you probably need to change it so you can take

608
00:33:18,240 --> 00:33:21,559
advantage of things like high high high inflation and actually

609
00:33:21,599 --> 00:33:24,359
earn money from this. It's free to attend, but you

610
00:33:24,519 --> 00:33:28,240
have to register. Go to Know your Risk radio dot com.

611
00:33:28,279 --> 00:33:31,079
It's coming up September twenty sixth at three thirty Pacific,

612
00:33:31,119 --> 00:33:34,680
so it's just around the corner. Know your Risk Radio dot.

613
00:33:34,519 --> 00:33:37,920
Speaker 5: Com investment advisory services offered through TRACK Financial loc and

614
00:33:38,000 --> 00:33:40,799
SEC Registered Investment Advisor. The opinions expressed in this programmer

615
00:33:40,839 --> 00:33:42,920
for general informational purposes only and are not intended to

616
00:33:42,920 --> 00:33:45,640
provide specific advice or recommendations for any individual around any

617
00:33:45,640 --> 00:33:48,240
specific security. Any references to performance of security so it

618
00:33:48,240 --> 00:33:50,680
thought to be materially accurate, and actual performance may differ.

619
00:33:50,720 --> 00:33:53,160
Investments involve risk and are not guaranteed. Past performance doesn't

620
00:33:53,160 --> 00:33:55,279
guarantee future results. Track twenty four three zero eight.

621
00:33:55,920 --> 00:33:58,599
Speaker 1: All right, here's the help me understand this. Then I

622
00:33:58,640 --> 00:34:01,359
want to get onto. Do you believe the secret Service

623
00:34:01,400 --> 00:34:03,559
they tried their very very very very best dist and

624
00:34:03,880 --> 00:34:08,960
your assessment of CAMI. If you know forest management, you

625
00:34:09,039 --> 00:34:12,159
know you thin your forests. We just did this in

626
00:34:12,920 --> 00:34:15,320
our timber is. We had a company come out who

627
00:34:15,400 --> 00:34:19,360
knows how to you know, fell big trees and they've

628
00:34:19,400 --> 00:34:22,920
they fell probably six of our trees and now I'm

629
00:34:22,920 --> 00:34:25,920
busy turning them into firewood. They've sat the season, they've

630
00:34:25,960 --> 00:34:29,760
they've been become seasoned and dried out. And those guys

631
00:34:29,800 --> 00:34:31,800
that came out, they looked at our property and they said, okay,

632
00:34:31,800 --> 00:34:33,760
over here, this is all defensible you've got a really

633
00:34:33,800 --> 00:34:36,400
good defensible property. These are the trees that are dangerous.

634
00:34:36,840 --> 00:34:38,719
These are the ones we'd trim the limbs on, because

635
00:34:38,760 --> 00:34:41,840
limbs explode, These can land on your house on the

636
00:34:41,840 --> 00:34:45,719
west coast. They stopped doing that. They wouldn't let the

637
00:34:45,760 --> 00:34:49,239
fires start naturally, so when lightning came, they'd send in

638
00:34:49,280 --> 00:34:52,840
the airplanes and stop the fires. They wouldn't manage the

639
00:34:52,920 --> 00:34:57,400
forest naturally. They wouldn't let people harvest the forest naturally,

640
00:34:57,440 --> 00:35:00,800
because we are meant to harvest forests. We live here,

641
00:35:00,840 --> 00:35:03,920
We're designed to live here. We're designed to use wood

642
00:35:04,000 --> 00:35:05,920
just as much as beavers are designed to eat it.

643
00:35:06,679 --> 00:35:09,880
We're designed to use it to build. And all of

644
00:35:09,880 --> 00:35:13,480
a sudden, you have these massive, massive fires like we've

645
00:35:13,519 --> 00:35:17,119
never seen before. So I'm looking at the refusal to

646
00:35:17,199 --> 00:35:22,760
allow natural results in an economy, a natural recession building

647
00:35:22,840 --> 00:35:26,360
up tinder and there's this tinderbox economy. I mean, is

648
00:35:26,360 --> 00:35:27,800
that a tortured metaphor.

649
00:35:29,320 --> 00:35:31,840
Speaker 3: It's not a tortured metaphor, And I honestly don't think

650
00:35:31,880 --> 00:35:36,840
it's been tortured enough. Meaning it's the it's the arrogance

651
00:35:36,880 --> 00:35:39,159
and the hubris of man that thinks that they know

652
00:35:41,119 --> 00:35:43,639
you know, we have to avoid recession. Recession isn't good

653
00:35:43,639 --> 00:35:46,480
for people. And you're like, man, that's that's kind of

654
00:35:46,519 --> 00:35:50,800
an odd observation to take, considering that we've previously managed

655
00:35:50,840 --> 00:35:52,599
things in a way that we let these things run

656
00:35:52,639 --> 00:35:57,519
their course, and we've developed the most dynamic, strongest economy

657
00:35:57,519 --> 00:36:00,519
in the history of mankind. Yeah, so it's kind of

658
00:36:00,559 --> 00:36:02,920
odd to sit there and say, yeah, but that approach

659
00:36:02,960 --> 00:36:05,920
didn't work. Well, we need to do better, right, Like,

660
00:36:06,719 --> 00:36:09,360
it's it's a strange thing, and especially when you consider

661
00:36:10,000 --> 00:36:14,079
the when you consider the social costs, right, Like, meaning,

662
00:36:15,639 --> 00:36:20,920
I guarantee you and actions not been the same as

663
00:36:20,920 --> 00:36:23,880
they were in eight oh nine, and the FED and

664
00:36:23,920 --> 00:36:26,559
the federal government would have played it differently since then.

665
00:36:27,519 --> 00:36:31,039
I don't know exactly where we would be socially or culturally,

666
00:36:31,280 --> 00:36:33,280
but I guarantee you we wouldn't be in the same place.

667
00:36:34,239 --> 00:36:36,760
And what I mean by that is it would most

668
00:36:36,800 --> 00:36:38,679
assuredly would be somewhat better.

669
00:36:39,280 --> 00:36:39,480
Speaker 2: Right.

670
00:36:40,280 --> 00:36:43,719
Speaker 3: And so everybody, you know, everybody thinks that they know,

671
00:36:44,519 --> 00:36:47,719
you know, especially these economists, especially Ivy League economists, right,

672
00:36:47,760 --> 00:36:49,679
they're the brightest guys in the room. Just to ask them,

673
00:36:49,920 --> 00:36:54,880
so they know what's good and when you sit there

674
00:36:54,920 --> 00:36:58,519
and you when it's always dessert, and like you said,

675
00:36:58,519 --> 00:37:01,239
when it's when we're never thin out the herd. I mean,

676
00:37:01,639 --> 00:37:04,079
it's a natural law. You see it everywhere. Right when

677
00:37:04,079 --> 00:37:08,559
you let herds of animals go unchecked and not challenged,

678
00:37:08,599 --> 00:37:13,719
you see disease and crazy things pop up, and mutations

679
00:37:13,760 --> 00:37:16,800
and all kinds of things that aren't natural. Because you know,

680
00:37:17,800 --> 00:37:20,480
you know, even if you're into Eastern religions, right the

681
00:37:20,559 --> 00:37:22,719
Yin and yang, same idea. You get the good and

682
00:37:22,760 --> 00:37:26,400
the bad. And you know, I think it's a scary thing.

683
00:37:26,440 --> 00:37:28,280
And I think the other thing that you add into it.

684
00:37:28,280 --> 00:37:29,400
You know, I was sitting I don't know if you

685
00:37:29,440 --> 00:37:33,159
and I ever had a conversation about this, but I

686
00:37:33,199 --> 00:37:35,079
was sitting there. I think my wife and I were

687
00:37:35,079 --> 00:37:37,440
watching a sermon or something this weekend, and it just

688
00:37:37,480 --> 00:37:39,639
a random idea popped into my head where I went,

689
00:37:40,039 --> 00:37:43,880
you know, so you add all this overreaction and all

690
00:37:43,920 --> 00:37:47,280
of this interference from government and government agencies, the Federal Reserve,

691
00:37:47,400 --> 00:37:50,119
everything that we know that's gone on, quantitative easing, and

692
00:37:50,159 --> 00:37:52,480
then you add on top of that the advent and

693
00:37:52,519 --> 00:37:56,480
the birth of social media. Right like, so I started

694
00:37:56,480 --> 00:37:59,480
thinking about social media, and I thought, you know, social

695
00:37:59,519 --> 00:38:03,840
media really is the modern tower of battle. Yeah, right,

696
00:38:04,360 --> 00:38:07,000
it's even crazy if you think about the metaphors. Right,

697
00:38:07,039 --> 00:38:10,280
most of us get our social media information via satellite feed.

698
00:38:10,559 --> 00:38:12,960
Maybe not directly to our phone, but inadvertently, right, it

699
00:38:13,239 --> 00:38:15,679
gets course through it. Well, what was the tower of Babbel?

700
00:38:15,719 --> 00:38:17,480
It was a tower that reached all the way up

701
00:38:17,519 --> 00:38:20,559
to the sky. Kind of a creepy comparison, right, it

702
00:38:20,679 --> 00:38:22,360
reached up to the sky. Well, what was up in

703
00:38:22,400 --> 00:38:26,360
the sky? And man sat back and marveled at their ingenuity,

704
00:38:26,400 --> 00:38:29,400
and then as a curse, they were broken into factions. Well,

705
00:38:29,400 --> 00:38:33,000
what's happened to our culture? It's become so much more tribalistic.

706
00:38:33,199 --> 00:38:35,360
We've been broken into factions to the point where we

707
00:38:35,400 --> 00:38:39,679
can't even communicate anymore. The common language has been lost, right,

708
00:38:40,480 --> 00:38:45,199
the diveloped common language and full You know, a whole

709
00:38:45,199 --> 00:38:48,559
group of young people believe in communism is superior to capitalism.

710
00:38:49,119 --> 00:38:53,000
You just sit back and you watch human behavior doesn't change.

711
00:38:53,280 --> 00:38:57,760
And at every corner, at every turn, humans think they

712
00:38:57,800 --> 00:39:00,159
can change it, that they can dictate it, that we

713
00:39:00,199 --> 00:39:03,000
can get all flop and no substance. And there's no

714
00:39:03,119 --> 00:39:06,239
consequence for it, you know, and here we are. It

715
00:39:06,320 --> 00:39:07,800
was it was one of those things where I just

716
00:39:07,880 --> 00:39:10,400
kept rolling that analogy through my head and I went,

717
00:39:10,559 --> 00:39:14,760
Holy smokes. You know, social media and the Internet, the

718
00:39:14,800 --> 00:39:17,159
combo of the two truly have been the advent of

719
00:39:17,199 --> 00:39:20,280
the you know, it's the modern day tower of Babble,

720
00:39:20,599 --> 00:39:23,360
and you know, and then you put put the political

721
00:39:23,400 --> 00:39:26,559
response to all the different things and that they've done

722
00:39:26,679 --> 00:39:29,480
economically and politically, and it's no wonder that this country

723
00:39:29,519 --> 00:39:30,639
is in the place that it's app.

724
00:39:30,639 --> 00:39:32,760
Speaker 1: So it's a wonderful way to put it to the

725
00:39:33,079 --> 00:39:35,199
tier of babel that we don't even have a common,

726
00:39:35,320 --> 00:39:38,079
of course, definition of truth. And this is much bemoans.

727
00:39:38,360 --> 00:39:41,400
Let's just review. The figurehead is not dropping out. He

728
00:39:41,480 --> 00:39:44,000
is firm. The morning that he dropped out, his co

729
00:39:44,239 --> 00:39:46,400
chair of the campaign said, he's not dropping out. Let

730
00:39:46,440 --> 00:39:48,840
me be clear, he's made a decision. He's running. Then

731
00:39:48,880 --> 00:39:52,440
the figurehead drops out of sight. We have now some

732
00:39:52,719 --> 00:39:55,440
verified reports from lux Vegas police that they were told

733
00:39:55,480 --> 00:39:58,639
he had on medical medical emergency, so he was going

734
00:39:58,679 --> 00:40:02,559
to be airlifted to back east immediately as soon as possible.

735
00:40:03,000 --> 00:40:05,039
Then all of a sudden, here's Cammy Harrison Boom. She's

736
00:40:05,039 --> 00:40:09,239
got fifty million, and now Biden's forgotten. You got Gavin Newsom.

737
00:40:09,280 --> 00:40:11,360
He's not stepping up. Other Democrats are stepping up. No,

738
00:40:11,480 --> 00:40:14,639
Cammy's the lady, a woman who garthered a massive one

739
00:40:14,719 --> 00:40:18,039
percent of support in the Democrat primary last time. She

740
00:40:18,119 --> 00:40:21,400
cackles when she talks. She is duplicitous and mean in scheming,

741
00:40:21,880 --> 00:40:25,239
and she is now the great, great, great leader of

742
00:40:25,280 --> 00:40:28,119
the Democrat Party, even with the figureheads still in office.

743
00:40:28,840 --> 00:40:32,199
Does you guy who sits on board? You manage corporate boards?

744
00:40:32,480 --> 00:40:35,079
If you came back from a weekend and you called

745
00:40:35,119 --> 00:40:37,719
one of the companies you're invested in, Yeah, hey, is

746
00:40:37,719 --> 00:40:43,159
is Joe Biden there? Who or the CEO? I'm sorry

747
00:40:43,159 --> 00:40:45,199
you must have as confused. The CEO is Cambel Harris.

748
00:40:46,239 --> 00:40:48,519
What whether there's a switch? No, it's always been Camy Harris.

749
00:40:49,360 --> 00:40:51,239
Were talked about it. She was vice president of the company.

750
00:40:51,559 --> 00:40:53,000
I don't know what you're talking about, dude. I think

751
00:40:53,039 --> 00:40:55,639
you're stones like it's always been Cammy. She's been a

752
00:40:56,239 --> 00:41:00,239
leader for us. Wait didn't she run our failed border initiative? What? No,

753
00:41:00,360 --> 00:41:03,519
she was different borders are they're literally pretending the media

754
00:41:03,639 --> 00:41:06,039
in accordinated effort. They're pretending she was not. The borders

755
00:41:06,079 --> 00:41:08,159
are so as you look at this as a guy

756
00:41:08,159 --> 00:41:10,960
who helps manage corporate boards, is any of it believable?

757
00:41:13,639 --> 00:41:16,159
Speaker 3: Well, I mean the whole I mean, the whole thing

758
00:41:16,199 --> 00:41:18,039
is ridiculous. The other part of it, though, that I

759
00:41:18,079 --> 00:41:20,760
would tell people to be and look, I get plenty wrong.

760
00:41:20,840 --> 00:41:22,519
So I'm not sitting here saying I'm in an oracle

761
00:41:22,599 --> 00:41:24,719
or something like that. But you know, over a year ago,

762
00:41:24,760 --> 00:41:26,559
I was saying on our show that I was like, listen,

763
00:41:26,559 --> 00:41:28,039
I don't care what anybody says. The guy is not

764
00:41:28,039 --> 00:41:30,000
going to be on the ticket. Come comes, you know,

765
00:41:30,039 --> 00:41:33,519
come November. You said that, Yeah, And I mean I

766
00:41:33,639 --> 00:41:38,159
just I just watching everybody, you know, and I'll get

767
00:41:38,159 --> 00:41:41,199
to Kamala Harris, but watching everybody be so shocked by

768
00:41:41,239 --> 00:41:43,599
his appearance and the way he performed in the debate,

769
00:41:43,840 --> 00:41:45,440
you're kind of looking at him going, what what have

770
00:41:45,559 --> 00:41:50,599
you been paying attention to? You know? So so you know,

771
00:41:50,679 --> 00:41:54,360
I think they're scrambling, and or clearly they were scrambling.

772
00:41:55,920 --> 00:41:57,880
You know, I haven't dug into it enough to really

773
00:41:57,920 --> 00:42:00,360
comment on the whole coup thing. I don't don't really

774
00:42:00,400 --> 00:42:02,199
think it was so much a coup as it was

775
00:42:02,760 --> 00:42:06,559
all of a sudden that everybody realized and I don't

776
00:42:06,599 --> 00:42:08,159
know what they were looking at, but we see this

777
00:42:08,239 --> 00:42:11,559
dynamic happen all the time with human beings. Everybody realized

778
00:42:11,559 --> 00:42:15,000
that the king was wearing no clothes, right, and you

779
00:42:15,039 --> 00:42:18,079
know it was that it was really that simple, and

780
00:42:18,119 --> 00:42:20,599
then I think they went into fire drill mode, and

781
00:42:20,679 --> 00:42:24,119
it's just really ironic. It's just really ironic to me,

782
00:42:24,159 --> 00:42:25,880
and I think it gets it one of the biggest

783
00:42:25,920 --> 00:42:30,719
things that that is undercutting and endangering our country as

784
00:42:30,719 --> 00:42:34,480
we know it right now, which is the you know,

785
00:42:34,559 --> 00:42:38,159
the party that is out there to save democracy is

786
00:42:38,519 --> 00:42:42,840
trumpeting and championing somebody that wasn't voted for and didn't

787
00:42:42,840 --> 00:42:46,400
go through a primary process, right. And this is one

788
00:42:46,440 --> 00:42:50,519
of the biggest problems that you see historically with human

789
00:42:50,559 --> 00:42:54,199
beings in general, which is when when it becomes a

790
00:42:54,960 --> 00:42:58,800
beat somebody at all costs, right, beat Trump Trump is

791
00:42:58,800 --> 00:43:01,639
the threat to democracy. You gin everybody up like that,

792
00:43:02,159 --> 00:43:08,519
you can justify anything if we're find fighting evil, right,

793
00:43:08,800 --> 00:43:14,119
if we're fighting to evil, we can justify anything, right. So,

794
00:43:14,639 --> 00:43:17,280
and that's one of the dangers to me of this

795
00:43:17,400 --> 00:43:19,960
path that we've gone down as a country and having

796
00:43:20,000 --> 00:43:22,880
the media, you know, all in on it and building

797
00:43:22,960 --> 00:43:26,159
up Trump, this guy that everybody's known literally since he

798
00:43:26,280 --> 00:43:29,440
was his late teen's, early twenties, to be this monster

799
00:43:30,000 --> 00:43:33,199
that cuts against you know, forty years of public record

800
00:43:33,400 --> 00:43:37,440
and forty years of reputation. Because now you've got a

801
00:43:37,519 --> 00:43:41,320
voting populace that, in an effort to save democracy, is burning.

802
00:43:41,039 --> 00:43:45,840
Speaker 1: It exactly exactly. And the fact that the Democrat voter

803
00:43:45,960 --> 00:43:49,159
base hasn't said, oh, hey, wait, wait, do we get

804
00:43:49,159 --> 00:43:52,719
to vote again? That's so remarkable to me. They don't

805
00:43:52,760 --> 00:43:54,800
understand their own set. If they don't understand the super

806
00:43:54,800 --> 00:43:59,000
delegate process, they don't understand that your votes as Democrats

807
00:43:59,280 --> 00:44:04,639
grassroots mathematically is eliminated by superdelegates. That they have been

808
00:44:04,719 --> 00:44:07,639
talking insurrection now for two and a half years. There's

809
00:44:07,679 --> 00:44:11,480
people in prison, solitary confinement. There's grandma seventy two years old.

810
00:44:11,639 --> 00:44:13,760
We're in the capital for ten minutes, took a selfie

811
00:44:13,800 --> 00:44:17,599
set of prayer. They're in prison because of an insurrection

812
00:44:17,639 --> 00:44:20,639
ay type thing. That Democrats haven't sit up to this

813
00:44:20,719 --> 00:44:23,639
and said no. What this insticates to me is the

814
00:44:23,639 --> 00:44:27,400
inertia of the evil machine is so strong that praise

815
00:44:27,480 --> 00:44:31,239
God for turning President Trump's head away or actually towards

816
00:44:31,239 --> 00:44:33,880
the shooter, saving his life. So we have one last

817
00:44:33,960 --> 00:44:37,639
chance to save America. And if only the RNC wasn't

818
00:44:37,719 --> 00:44:41,320
having people pray to false gods from the stage, then

819
00:44:41,360 --> 00:44:43,440
I could feel fully happy. Did you see that?

820
00:44:43,519 --> 00:44:46,639
Speaker 3: Yeah? No, I didn't see that. What did they say?

821
00:44:46,800 --> 00:44:51,599
Speaker 1: Oh? No, they were. They were praying to Mohammed. They're

822
00:44:51,639 --> 00:44:55,519
praying to the seekh God. Oh, because I don't know.

823
00:44:56,000 --> 00:44:58,440
I seem to remember in the Bible God said something

824
00:44:58,480 --> 00:45:02,239
about love of Me with your entire soul and mind,

825
00:45:02,480 --> 00:45:05,159
and love your neighbors yourself, and don't pray to false gods.

826
00:45:05,519 --> 00:45:07,280
But maybe I'm wrong, Maybe they took that part out.

827
00:45:13,039 --> 00:45:16,000
Speaker 3: No, And this is why, you know, so much of

828
00:45:16,039 --> 00:45:20,480
this goes back to me, to the whitewashing of God

829
00:45:20,519 --> 00:45:23,159
out of American culture, and then also the complete breakdown

830
00:45:23,159 --> 00:45:24,960
of our educational system. And why do I say it

831
00:45:24,960 --> 00:45:28,360
relates to that, Because these people that are all caught

832
00:45:28,440 --> 00:45:30,719
up in this and voting for they don't even really

833
00:45:30,840 --> 00:45:34,480
understand what democracy is. They don't understand that we don't

834
00:45:34,480 --> 00:45:38,039
even live in a democracy, that we never have. They

835
00:45:38,079 --> 00:45:41,159
don't understand the basic tenets. They don't understand what got

836
00:45:41,199 --> 00:45:44,360
them somewhere right. They don't understand any of this. They

837
00:45:44,360 --> 00:45:49,519
don't understand how totalitarian, how totalitarianism begins. They don't understand

838
00:45:49,519 --> 00:45:53,280
the genesis of authoritarianism. They don't understand that they are

839
00:45:53,400 --> 00:45:58,119
literally leading the way with torches down a path away

840
00:45:58,159 --> 00:46:03,840
from democracy in choice. And you know it's We were

841
00:46:03,880 --> 00:46:05,840
sitting down as a family the other night watching a

842
00:46:05,960 --> 00:46:09,639
video and I thought this pastor did an unbelievable job

843
00:46:09,719 --> 00:46:13,440
confronting the issue of transgenderism and doing it in a

844
00:46:13,559 --> 00:46:17,679
very christ like way of we love everybody, but it

845
00:46:17,719 --> 00:46:20,079
doesn't mean that we're going to lie to you. It

846
00:46:20,079 --> 00:46:23,039
doesn't mean that we're going to sacrifice the truth. You're

847
00:46:23,159 --> 00:46:25,960
welcome at our church if you're a transgender person, but

848
00:46:26,079 --> 00:46:29,440
it doesn't mean we have it because giving you falsehoods

849
00:46:29,480 --> 00:46:32,239
feeling you full of lives isn't love.

850
00:46:32,719 --> 00:46:32,880
Speaker 2: Right.

851
00:46:33,000 --> 00:46:37,639
Speaker 3: Sometimes love hurts, and oftentimes the best love, that is

852
00:46:37,679 --> 00:46:41,920
the most impactful and the best for us, hurts the most.

853
00:46:42,519 --> 00:46:42,679
Speaker 2: Right.

854
00:46:42,719 --> 00:46:46,280
Speaker 3: It's discipline, Like David said, I love your discipline, right,

855
00:46:47,159 --> 00:46:50,440
and everything about our culture has said no, no, no, no,

856
00:46:50,440 --> 00:46:53,079
We're good on our own. We don't need the discipline.

857
00:46:53,119 --> 00:46:59,880
We just want the right and you know, we'll see

858
00:46:59,880 --> 00:47:02,000
what you know, we'll see how that works out. I'm

859
00:47:02,000 --> 00:47:04,239
not waiting with baited breath because you know, it's it's

860
00:47:04,239 --> 00:47:07,239
a pretty it's a pretty predetermined outcome and a pretty

861
00:47:07,280 --> 00:47:10,280
predetermined location of where we're headed. But no, nothing, But

862
00:47:10,880 --> 00:47:13,800
as far as them doing this, it doesn't surprise me

863
00:47:13,840 --> 00:47:16,159
at all. What I do think is pretty funny is

864
00:47:16,199 --> 00:47:18,960
how everybody now is how the media jumps on the

865
00:47:19,000 --> 00:47:22,079
train and everybody all come up. And I'm sitting there going, guys,

866
00:47:23,079 --> 00:47:26,519
there isn't a fortune five hundred company in this country

867
00:47:27,320 --> 00:47:30,800
that would hire her as a senior VP. I mean,

868
00:47:31,320 --> 00:47:33,559
then we want to go into you know, go go

869
00:47:33,599 --> 00:47:37,000
look at her track record in California. It's abysmal. She's

870
00:47:37,039 --> 00:47:40,079
never been a part of anything successful. She's never been

871
00:47:40,119 --> 00:47:44,159
elected to prominent office of any kind on a national stage. Right,

872
00:47:44,360 --> 00:47:46,920
she didn't get elected to vice presidential pit. The other

873
00:47:46,960 --> 00:47:48,920
one that cracks me up too is now rolling out

874
00:47:48,920 --> 00:47:51,480
the racist tribes. Oh, everybody's referring to her as a

875
00:47:51,519 --> 00:47:53,760
DEI higher and you're like, well, Joe Biden referred to

876
00:47:53,760 --> 00:47:54,280
her as a de.

877
00:47:54,360 --> 00:47:56,400
Speaker 4: I hire, right, he said his running mate had to

878
00:47:56,400 --> 00:47:59,320
be a black female, Yeah right, because of.

879
00:47:59,360 --> 00:48:05,920
Speaker 3: D And this is where and this is where, this

880
00:48:05,960 --> 00:48:09,239
is where the breakdown of removing God properly taught, in

881
00:48:09,280 --> 00:48:12,840
my opinion, religion and the breakdown of the educational system

882
00:48:12,880 --> 00:48:14,920
really comes into play. And I'll talk with a buddy

883
00:48:14,960 --> 00:48:18,800
about mine this the other day. Why is it that

884
00:48:19,000 --> 00:48:24,679
so few people are so willing to lie and accept

885
00:48:24,800 --> 00:48:29,039
lies to further their cause without ever taking a part

886
00:48:29,360 --> 00:48:33,239
just this, Where is the intellectual curiosity that would require,

887
00:48:33,280 --> 00:48:35,280
because it would it would do this to me where

888
00:48:35,280 --> 00:48:38,559
you'd sit back and you'd go, you know, if I

889
00:48:38,639 --> 00:48:42,880
got a cheat and lie to further my cause, maybe

890
00:48:42,920 --> 00:48:44,719
I'm waiving the wrong flag.

891
00:48:44,639 --> 00:48:47,199
Speaker 1: Right, Maybe my cause is the wrong cause. And I

892
00:48:47,239 --> 00:48:49,039
would just I would present it this way to people

893
00:48:49,039 --> 00:48:50,559
who doubt this D I think, I think this is

894
00:48:50,599 --> 00:48:53,599
a great way to talk to friends about the attempted

895
00:48:53,599 --> 00:48:58,159
assassination President Trump. Video evidence shows that those two women

896
00:48:58,480 --> 00:49:01,840
were incapable of defending the prison United States funbling with

897
00:49:01,880 --> 00:49:03,920
their guns, can't take them out of the holster, can't

898
00:49:03,920 --> 00:49:06,760
put them into the holster, cowering, yelling what are we

899
00:49:06,840 --> 00:49:11,280
doing here? Whereas the well trained, tall, robust male agents.

900
00:49:11,320 --> 00:49:13,360
We're all over the president doing what they were to do.

901
00:49:13,760 --> 00:49:17,119
Here's the scenario. It's the playground thing. We're picking people

902
00:49:17,159 --> 00:49:21,159
for a sports team. We're playing football today, tackle football,

903
00:49:21,599 --> 00:49:23,320
and we're all going to line up and we're gonna

904
00:49:23,320 --> 00:49:25,480
pick one from this team and one from next. Here's

905
00:49:25,480 --> 00:49:27,840
what's going to go. You can have your big brutes

906
00:49:28,079 --> 00:49:31,960
and your fast runners, great catchers picked first, and after

907
00:49:32,000 --> 00:49:34,639
that then it's just the leftovers. And maybe you're a

908
00:49:34,719 --> 00:49:37,320
great mathematician, maybe you're a great at drama. Maybe you're

909
00:49:37,280 --> 00:49:39,280
a great painter, maybe a great baseball player, but you

910
00:49:39,280 --> 00:49:43,199
can't play football. Present this to your friends. There are

911
00:49:43,320 --> 00:49:46,440
killers outside your home, then tend to come in and

912
00:49:46,519 --> 00:49:50,639
murder your family. Here are ten people from whom you

913
00:49:50,679 --> 00:49:56,400
can choose to help you. Five of them are tall, muscular, strong,

914
00:49:56,800 --> 00:50:03,480
fast looking, competent looking men. Five of them are overweight, short,

915
00:50:04,519 --> 00:50:08,199
visibly scared women. You choose, are you going to do

916
00:50:08,239 --> 00:50:09,960
the playground thing. We'll take one from this side and

917
00:50:10,000 --> 00:50:12,519
one from the other. No, you're going to use the

918
00:50:12,559 --> 00:50:15,079
discernment God gave you to say. These may be sweet women,

919
00:50:15,320 --> 00:50:18,599
they may be brilliant women, they may be strong women. Mentally,

920
00:50:18,840 --> 00:50:20,800
they are not prepared to take my family out of

921
00:50:20,840 --> 00:50:24,719
this house and to kill the killers. De Ei got

922
00:50:24,800 --> 00:50:29,159
one man killed and it very nearly cost President trump

923
00:50:29,159 --> 00:50:30,679
In's life. That's the way I look at it. But

924
00:50:30,719 --> 00:50:32,920
they always appreciate you having you on, man.

925
00:50:33,400 --> 00:50:35,880
Speaker 3: Yeah, no, always, you know, always good to be on

926
00:50:35,920 --> 00:50:37,920
and thank you very much. And you know the other

927
00:50:38,039 --> 00:50:41,000
the one last thought on that one, Todd, is if

928
00:50:41,039 --> 00:50:43,039
anybody out there, look, we don't have to go coop

929
00:50:43,119 --> 00:50:45,119
or whatever, but one hundred and forty yards when they

930
00:50:45,119 --> 00:50:47,400
are fifteen, that's not a tough shot, not at all.

931
00:50:47,960 --> 00:50:50,800
Speaker 1: And my shooting's become a joke. And I made it

932
00:50:50,840 --> 00:50:53,440
like ten times standing up on a hill, not not

933
00:50:53,559 --> 00:50:56,119
on a resting base. And my friends who took me

934
00:50:56,119 --> 00:50:58,599
shooting will tell you, Todd can't shoot with the pistol anymore.

935
00:50:58,599 --> 00:51:00,599
Don't even let him y. You need to learn this more.

936
00:51:01,400 --> 00:51:03,480
Speaker 3: It's a tough no. It's a tough it's a tough

937
00:51:03,480 --> 00:51:06,039
one to it's a tough tough one to justify because

938
00:51:06,159 --> 00:51:11,960
I just I cannot imagine how that was an no.

939
00:51:11,960 --> 00:51:15,360
Speaker 1: No, it clearly it clearly wasn't. My opinion, appreciate you coming.

940
00:51:15,400 --> 00:51:17,920
My brothers starting to get break up on the internet signal.

941
00:51:18,039 --> 00:51:19,880
And that's why I miss having in the studio. Also

942
00:51:19,880 --> 00:51:22,159
because I get to sit next to you, Zach Abraham,

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Chief Investment Officer, Bulwark Capital Management. Know your Risk radio

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00:51:25,599 --> 00:51:29,199
dot com. Know your Risk radio dot com. This is

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00:51:29,199 --> 00:51:32,480
a Todd herbershell. Please go, be well, be strong, be

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kind to remember that God's invented real things. Human beings

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have perverted them. So choose the real things of God,

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beginning with the solid rock, the foundation, the Word of God.