Speaker 1: President Trump done and did it. It was Trump and
Canada's PM Carney trying to go mano amano. So who
came out more mano than unmano. We'll talk about this
with the help of Bulwark Capital Management, mir riskpodcast dot com,
and of course God Almighty.
Speaker 2: The Todd Herman Show is one hundred percent disapproved by
big pharma technocarrats in tyrone s everywhere from the high
mountains of Free America. Here's the Emerald City exime Todd Herman.
Speaker 1: Today is the day the Lord has made, and these
are the times so which God has decided we shall
live in. Joining us live from somewhere in the Seattle area.
Although protected, he's closhed you away from Antifa. He's got
his own guards. As Zach Abraham floating in the water
at a veritable battleship Chief AND's vestment Officer Bullet cupa
management Zach, welcome is that do the waves that know
you on the battleships it can stay away from the
antifas well.
Speaker 3: I mean, we're we're doing our best, man, you know,
we we we I will say this because of Antifa.
There was only one yeah, but there was there was
a day where we had to make sure that we
had means of protection on premises at the office.
Speaker 4: Oh good, And and no joke, no joke.
Speaker 3: You know how it is around here, and I think
people see things on the new The one that's cracking
me up the most now is people like flashing like
a single picture of downtown Portland and they're like, oh, yeah,
it looks like a war scene, you know, yeah, and
you're sitting there going dide I. I could go to
Bait Route in the late eighties and take a one
block picture that like really nice too.
Speaker 4: It didn't mean you wanted to visit there, you know.
Speaker 2: And and.
Speaker 3: And people just do not realize are there places in
the city. Of course we're not saying it's like martial law,
but Seattle people do not understand. Both Seattle and Portland
used to be like friendly neighborhood cities right where you
had the features of large cities, but in terms of
kids running around it like it was just a neighborhood city. Okay,
you flat out cannot take kids indiscriminately down either one
of those cities and feel safe, feel like they're not
going to be exposed to nudity, feel like they couldn't
possibly be attacked, feel like they might not see somebody
defecating on the side of the street or taking intro
venus needles. So when you hear these people like pooh
pooing this or oh, it's no to war zone guys,
it's horrific. And if you saw it in your own hometown,
it's devastating, and especially devastating when you know when you
grew up in these areas and you know what they
were like, right, They've been a little bit nutty for
a long time, but it was always kind of that
undercover little bit of charm to it, you know, kind
of out there.
Speaker 1: That was a key Partland weird thing for a while. Yeah, okay,
so Portland was weird. Seattle was funky. Seattle was never weird,
but it was funky.
Speaker 4: And they were safe, right.
Speaker 1: I remember going to the water for when I was
a kid, some of my most cherished memories with my
family and a little boy, and it was mom taking us.
I remember going to the Yale Mystery Shop, which is
where they've got mummified bodies and supposed to the shrunken heads,
and I can remember spending days down there and eating
at the market and I took my little girl to
the market. You know, when she was little, i'd hold
her hand, we'd walk through the market, and she was
about I guess. We came back. She's about six or seven.
We came back from DC. We were walking downtown and
she was too old, you know, she'd announced, yes, she
told me Dad, I'm too old to hold your hat now, okay.
And we're walking along and a man tried to grab
her walking past the homeless dude. He reached out to
grab her coat, and I didn't wig think gosh, but
I pushed him away from her and said nope, nope, nope,
and just push him down. He was drunk and he
didn't do anything, but it was a churning point for me.
And I looked around and there's this, you know, probably
ten to fifteen other guys like that. And my daughter
asked me later, what did he want? I said, I
don't know. He's just a confused, drunk guy. But the
warzone thing is not just Antifa. People should understand. There
are neighborhoods in Seattle where Zach, you'd be stupid to
go right, you'd be saying rob me.
Speaker 4: Yeah, And and.
Speaker 3: Like so many things you know, Like I was sitting
there listening to Jad Pritzker coming out today and saying
that this is exactly how Nazi Germany got started. And
less than a week ago he was saying that President
Trump's to blame for all the violence because he says
that Democrat or the Democrats are like Nazi sympathizers, right, Like,
I mean, you're sitting there looking and going you just
said that that man, You literally just said that that's
what's causing all the strife in the country. And that
was like a week ago. Now you're doubling down and
accusing somebody else. So what, First of all, these people
are completely intellectually dishonest, obviously, and what when we say warzone,
what we're referring to is total lawlessness. Antifa is taking
advantage of that, But so is everybody else, right, Like,
That's the thing people don't get. Look, I don't think
the majority of people you see in the streets or Antifa.
What I do know is that everybody out there that
is interested in breaking the law, in civil disobedience and
all that kind of stuff, they've been given a green
light by the governments of these cities with no repercussions
with no threat of reprisal, with nothing, And so yes,
it's lawless, and the best way to describe it is
just lawless. You you have no faith in the ability
of the police to do their job, not because they can't,
just because I won't be allowed to there aren't enough
of them. And it's just stuff like this, Like when
I was a kid, and you know, this wasn't even
a super young kid. Everybody at a certain grade and
usually multiple grades along your development, everybody made their you know,
made their journey to mecca, which was going up to
the Seattle Center, seeing the Seattle Center call it or
Seattle Center Aquarium, and going up to the Seattle Science Center. Right,
nobody does it anymore, and nobody does it anymore because
you'd be an idiot to take a group of young
kids through the Seattle Center. So when we say war zone,
that's what we mean. Places that you cannot go. If
you're a group of five dudes. Sure, yeah, yeah, you're
fine walk around. I mean there's certain times that you
probably wouldn't want to be and maybe maybe right, but
like with your wife and kids, forget about it. I mean,
it's just irresponsible and so anybody that's like, for instance,
people they just don't get it. Would I feel safe
walking around with my wife and kids in downtown Manhattan. Absolutely.
Boston just did it a year ago. Yep, not even
a worry in the world. You go to those cities.
It was shocking. We were in Boston last year. I'm
looking around, going this place is unreal. It's clean. Yep,
there's no there's no homeless. I haven't seen it. I
haven't seen somebody shooting anything into their vein for like
six city blocks. I haven't seen human excrement on the sidewalks.
This is unbelievable. So there's so many people around the
country that hear this and wipe this away as like
you know, Republican horror stories and nonsense and propaganda.
Speaker 4: You don't get it.
Speaker 3: You don't get it because this insanity doesn't live in
your in your zip code. If you saw it, if
you had to interact with it, and if you watched
it rip down the local culture and the local community
and turn it into something completely unrecognizable and dangerous, you'd
have a different take.
Speaker 4: And when we say it's a war zone, you probably
wouldn't argue with us.
Speaker 1: Yeah, and look if you're listening in or watching this
and you doubt this, get in touch with me or
Zach and you head out to Seattle or Portland's and
here's what we'll do. We'll just draw you map. We'll
just say, hey, you know, seven thirty at night or so, yes,
dinner hour. Just get down and we're gonna give you
some places to go, and we want you to take
a walk for an hour, and then in about a
half hour you'll call us and go, yeah, I don't
want to do the walk anymore. I'm done with the walk.
Speaker 4: And yeah, my wife and I have a ritual every year.
Speaker 3: There's a certain hotel we go to in Seattle right
around Christmas time and do it on Christmas shopping trip,
right And we've done this for probably like a decade
or twelve years probably, And just in that period of time,
just in that period, I mean, things were going downhill
ten twelve years ago, but just in that period of time,
we were like idiot kids, go out, probably have one
too many glasses of wine, having a good time, you know,
coming home, taking a wrong turn back to the hotel,
getting back to the hotel twelve thirty, sometimes one o'clock
in the morning.
Speaker 4: No worries, no issues, okay.
Speaker 3: All of a sudden, about five years ago, I left
the hotel to run down. I was going to buy
something at the corner store, and I was scared, not
skin I was on point, like I was looking over
my shoulder, have to be watching everything, keep an eye.
And I got back to the hotel room and I said,
We're never I am never keeping you out past ten.
Speaker 4: On these streets again.
Speaker 3: Ye never again. And and I'm not like, I'm not
an over alarmist person. I'm not one of these people
that walks around worrying all the time. I just remember
walking home from that corner store and going, I'm really
glad she's not with me.
Speaker 4: Yeah.
Speaker 1: The second, by the way, the second time you're around
the drive by shooting, it tends to get to you
because the first time it's like, wait, did that person
just drive by and fire a gun out the car?
They did? And then the second time, this is in Seattle.
It happened in an alley and it was late at
nights and we heard it. We're like, what was that?
And Mega Man sixties was six member, sixteen shots fired.
Speaker 4: Remember remember Omega Man.
Speaker 1: I thought he's met Mega Man Mega shooting people in Seattle.
Speaker 4: Yeah, it was.
Speaker 1: It was, uh, I do Omega Man. Yes, it was
Charlton Heston, Yes, yes, and he lived he lived in
that high rise and he went around and he'd take
the cars out of the fancy lots and drive around
and the zombie people and yeah.
Speaker 4: Yeah, yeah it was. It was.
Speaker 3: It was the prelude the remake of uh, the Will
Smith movie I am legend, right, Like that's effectively what
that was, right, It was a remake of of Omega Man.
Speaker 4: But that's kind of what it's like.
Speaker 3: It's it's, you know, it's not that you're worried about
one of these people. It's that they're like these packs
of kind of zombies. You'll walk down certain streets and
they're just all over the place, right right where you're
sitting there, going, Look, I don't think the majority of
these people are dangerous. What I do know, though, is
this area could pop off any second, become somewhere I don't.
Speaker 1: Want to be exactly. Because there's the zombie people and
they're bent over at the waist and you know they're
doing this and leaning back and forth like their arms
and elephant tongue and they don't have the capacity to
be dangerous to until they do right right till the
high goes away or they something gets in their head. Yeah,
I get you. We got to move on to some
news here, brother, in a second, I want to go
through something Mike Johnson did. He opened his press conference
on the government shut down and he was reading Psalm
thirty seven. I wanted us to listen to this and
then think about our country financially. We need to get
into President Trump. I'm not a big one. I'm not
the guy who thinks I just don't groove on politics
and popcorn. But this was really funny. Trump in the
Oval Office with the Prime Minister of Canada. We did
to talk about that and some other things related to
Andrew et cetera. With Zach Abraham, chief investment officer Bolwark
Capital Management. So have you ever been with someone' zac
the first time they get to summons to be sued.
Speaker 4: Well, I've been that guy.
Speaker 1: Yeah, and that feeling when that arrives and you've been served.
I got that when we got suited our startup by
some guys who came with this clown lawsuit that they
just got trounced in never went to trial. They asked
us for like twenty million dollars and then settled because
I paid for one hundred and fifty dollars Southwest Airlines
ticket for them. That was the step settlement. So it
wasn't a good feeling. But at least we've got the
corporate veil, right, So you get the lawsuit thing, it
comes and someone says you've been served, and then your wife,
your spouse is going to say, okay, well, but they
can't take our retirement account, right, they can't go to
our bank account. And you're gonna say, no, no, no, honey,
because we've got the corporate credit cards and we've got
the corporation. Here's what their lawyer's gonna do. I guarantee it,
and you know this act. Their lawyer's going to go,
I wonder if they've got the corporate veil. They're gonna
pull your founding documents, they're gonna pull your current documents
into corporation, and they're gonna eyeball that and go, oh
look there, Wow, they actually don't have the corporate veil.
So they're gonna send you a follow up, nasty Graham
saying it's the business and you we're suing. So here's
an easy way to avoid that fate. Go find out
if you have the corporate veil. This is now, this
is hard. You have to go to a website. It's
gobisible dot com. That's with a z go bisible dot com.
You have to type that in, hit enter, and then
sign up for a free now obligation consultation. Boom. They'll
get with you. They'll tell you for free if you
have the corporate veil. If so, party now go get sued.
You should say, I want you to assume me I've
got the corporate veil. If you don't have the corporate veil,
go BISIB will step in to fix it for you
in seven easy steps. You're the financial guy, Zach, I say,
this is a no brainer financially.
Speaker 3: Yeah, I mean yeah. That's why I got involved, or
that's and that's why I became a client. Was just
when you look at the money and then you look
at the protection and the convenience it gives you the
lending facilities and everything like that.
Speaker 4: It's you know, people will pay like.
Speaker 3: A membership fee for a credit card and I'm sitting
there going this gets you so much more and so
much more protection and utilizes Yeah, it's it really is
a no brainer.
Speaker 1: Yeah, that's perfect. This go visible dot com, the z
go bisible dot com. So here's Mike Johnson. And what
I was hoping to do is you and I watched
this together. Listen to it and do we feel like
our country is should we feel convicted as a country
as he goes through this psalm here, this is Psalm
thirty seven.
Speaker 5: I'm always comforted by this passage in the Psalms, the
Old Testament, the Christian Old Testament. But this is the
Psalm of the Jewish people, Somealm of David, Psalm thirty seven,
and it says, commit your way to the Lord. Trust
in him and he will do this. I'll read it
to you. Trust in the Lord, and do good. Dwell
in the land and enjoy safe pasture. Delight yourself in
the Lord, and he will give you the desires of
your heart. Commit your way to the Lord, trust in him,
and he will do this. He will make your righteousness
shine like the dawn, the justice of your cause like
the noonday sun. It says, be still before the Lord
and wait patiently for him. Do not fret when mid
succeed in their ways when they carry out their wicked schemes.
I told my friends said on the radio when he
was comforted by it, and I think others will be
as well. We're all comforted by this. I know that
the God of Abraham, Isaac and Jacob is fully in control.
We'll let that rest there.
Speaker 1: So I want to respond to that and just think
if our country should feel convicted, do you feel convicted
by it? But I want to say this, King David
was a precursor to Jesus Christ, So to call that
the psalm of the Jewish people, that's not super Christian.
It is and King David was the king of Israel,
but also he was a precursor to Jesus. He was
in his lineage and saw him coming. So I just
wanted to clarify that trust in the Lord. Do good,
dwell in the land and enjoy safe pasture. Delight yourself
in the Lord, and he will give you the desires
of your heart. Commit your way to the Lord. Trust
in it. I mean he will do this. He will
make your righteousness shine like the dawn. Do not fret
when men succeed in their ways, when they care at
their wicked schemes, do you feel our country is doing this.
Do do you feel our country should be convicted for
or do we trust in the Lord? Are we seeing
our righteousness shine like the dawn?
Speaker 4: No, that's a quick answer.
Speaker 3: No, yeah, no, no, I yeah, I mean I know
you agree with that, but but I will say this
it we're not Sodom Gomorrah.
Speaker 4: Well not yet anyway, right yeah, oh yeah, yeah.
Speaker 3: I mean like there are parts of the country where
it may be tough to find fifty good men, right right, right,
But but there there there, there certainly are more than fifty,
and there's enough to fight. There's certainly enough to push
back and fight. But I think it's it reminds me
of to quote the uh, the very spiritually enlightened movie
Aliens right for people on for people on our side
of it, it kind of feels like that whole you know,
I don't know if you're keeping up on current events, man,
but we just got our blanks kicked right, right, meaning
they're I mean, they're taking it to us, right, I
mean we were. There is definitely an element fighting back
now as opposed to you know, eight years ago. It
is encouraging to me how many people, especially the mainstream
have been woken up to what is going on. It's
also very frustrating to me that it had. Here's the
thing that that that that that bothers me is that
guys like you and I, especially you, we're warning of
exactly where we.
Speaker 4: Are fifteen years ago. Yep, right, you could see the
creep going and and and what's front.
Speaker 3: I am so glad that people like Elon Musk have
woken up to it.
Speaker 4: What's disconcerting to me is that it will so long. Right.
And the reason I say it's disconcerting to me is
because what it points to is to me, it points to.
Speaker 3: Moral decay and a complete lack culturally of wisdom or
an appreciation for wisdom. Meaning, don't be surprised when you
start turning away from rationale when emotions went over fact,
you're bound to end up here, right. That train doesn't
slow down on its own, It picks up speed, So
don't be surprised. You know, when we look back at
two thousand and five, two thousand and six and you
think about some of the nonsense that was getting spread
back then, you know, it seems so much more benign
in a lot of.
Speaker 4: Ways it was compared to what we're hearing today.
Speaker 3: But when you see the disavowing of truth in favor
of a liar of falsehood because that liar of falsehood
seems nicer or is more congenial, buckle up because that
becomes too convenient. It's sort of like when the FED
started printing, Right, you knew we were going to eventually
get to a place of dollar degradation because it's too easy.
Speaker 2: Right.
Speaker 4: It's just like sin.
Speaker 3: Right, Like the more you press that button, the easier
and easier it gets to lie. The easier and easier
it gets to fornicate. You become used to it, you
become desensitized to it. Right, And so the frustrating part
to me is, yes, I don't think that we're a
shining example on a hill. I do think that there
are still tons of good people in this country that
are pushing back. At the same time, my frustration is
we need to start getting a little bit smarter and
seeing this thing coming down the.
Speaker 4: Pipe, because you know, for instance, everybody now talking about
globalist elites in the World Economic.
Speaker 3: Forum, that ball's been rolling down the hill for better
than twenty five thirty years, you know what I mean. Yep,
we were talking about the new I mean, George Bush
was talking about the new World Order, and I addressed
to Congress as early as nineteen ninety, right, you know,
So what do you think that was? That was a
foretelling of this whole global push in the end of
single state sovereignty and the dominance of the institutions like
the World Economic Forum, in the International Monetary Fund and
all that kind of stuff. So we just we got
to wise up, right, and we got we got to
wake up to what's going on, both on a political
and a government level and a spiritual level, because they're
all connected.
Speaker 1: Yeah, there's something called theology. To be theological, and it
is to examine the end state of a thing, in
other words, looking at a phenomena in terms of the
purpose they serve rather than the cause of them. So
here's here's what I mean. So you give this example
of the things two thousand and five, two thousand and six,
I would say in recent history. I remember being an
a media person in Seattle telling saying on the radio,
when you have perverse sex, said in the schools, pedophiles
will go to work in the schools. And I remember
people saying, you can't. That's a stretch and as you know,
you know you can't say that. You sound like a handwaiver.
You sound like a conspiracy theorist. No, I don't. When
you give people jobs talking to little kids about perverse
sex acts, pedophiles are going to say, I want to
do that. So if you took it, look at this
telelogically through theology. Let's reverse this. Hey, I want to
create a workplace where pedophiles will want to work. What
should I do? I don't know. Serve pizza that's not
quite there? Music videos not quite there? What if you
created a place where adults get to pull out pornographic material,
discuss it with kids, have them write about it and
talk about it, and they're told to tell the kids
never tell your parents what we discuss here, And if
you have questions about it's privately text me later and
we can have a discussion privately about it. Okay, now
I think you're getting there. That sounds like something pedophiles
would want to do. Okay, how can it push this
over the top? I got an idea. What if you
let men shower with girls in that same facility, where
they could pretend to be a woman and therefore go
shower with little girls sold. So if you look at
this from perspective of theology telegeological analysis, of course this
is where we were headed. Of course, this is where
this ends up. You're simply it's like reverse engineering, Zach,
basically taking the state of things now reverse engineering or
how do we get here? Or chain analysis? How do
we get here? And so in regard to Speaker Johnson
and that psalm, No, our righteousness isn't shining. No, we're
not living well in the lands. No, we're not enjoying
pastors because of a lot of things like this. To
go on, I concur with you, there's far more than
fifty good men. But it takes the bravery.
Speaker 2: Well.
Speaker 1: I don't think it's brave, I think because then I'd
be calling myself rave. I don't think it's a brave
thing to say you're bringing perverts into the school. It's
an obvious thing to say. But you've been saying stuff
about this financially for a long time too, And you
were the first one to really nail in my head
that the perversion of his society's morals leads to the
perversion of its money. And that's that holds true, right.
Speaker 3: Yeah, And a lot of times it could be the
perversion of the money leading toward the perversion of the
semiens easy to buy, right, Yeah, yeah, and why is that?
I mean, just think about when you look at the
way that we have handled our finances as a government yep,
and as a country. If you can't see the parallels
between what's what happened there and what's happening on a
moral basis in this country, you're just not looking and
you're blind, meaning what if we Progressivism has, basically to summarize,
it has turned into just a doctrine built around subjective
morality right, meaning there is no wrong right. And that's
why it will get quote unquote perverse, because when it
is no wrong, the very title of it progressive means
that we have to keep pushing out on that edge.
I remember a conversation I had in two thousand and
five with my wife telling her watch in the not
too distant future, you're going to see a push to
normalized pedophilia.
Speaker 1: Yep.
Speaker 3: Here we are here, we are right, minor attracted persons
maps right and so. And because it is it is
that is that that institution of subjective morality which you
can only get to if you remove God from the
equation right, because God is the introduction of objective morality.
Speaker 4: It's a ruler right or wrong. And we have decided
that we do not want to be told if we're
right or wrong.
Speaker 3: Want to be told it for fat or not right,
all of the We want zero report cards. Okay, flip
over and look at the financial side of it. What
is money printing?
Speaker 4: Right?
Speaker 3: Money printing is at the cost of future generations, the
cost of moral fiber, right, the cost of the glue
that holds society together. We're going to do what's expedient
today because it makes everybody feel good. We're just going
to print money and fill in the whole. What I
have long thought is that you cannot do that without
having massive cultural and societal impacts that economists are not
even looking at or not paying attention to. When we
live in the world of you're bankrupt, but not anymore
because here's a check, and here's checks for you to
go buy stuff here, what.
Speaker 4: Like?
Speaker 3: People always look at that as a great way to
deal with the crisis. Maybe at times that is, But
what are you inherently teaching people? You're inherently teaching people
that if you make the bad wrong decisions. And if
we as a society make wrong decisions, it doesn't mean
that we have to pay.
Speaker 1: The consequences exactly exactly right, exactly right.
Speaker 3: So when you remove the guardrails, what incentive is there
to stay on the road.
Speaker 1: There isn't right, and if the guard rails were there
and being paid attention to, that would be one thing.
They get crashed into. People go man, people crash into
the guard rails. We should get rid of these stinking
guardrails because people are crashing into man, they're bothering people.
So on the top of the economy, President Trump had
to sit down with the Prime Minister of Canada, Carney,
and a lot of this act we need to go
through as teriff related, it's economic related. It's also psychologically
interesting to watch and listen to. So we'll do that
in a second. Zach and I were talking about safety
in cities. We were talking about Seattle and Portland and
Boston and feeling relatively safe. Not in Sale or Portland.
I've never felt unsafe in Port of Art to Mexico.
Now in Port of Art to proper. There was a
place we went to outside of Portio, Port of Arts
and it turned out we went to the wrong place,
and I knew that the second we got there, this
is not the place for me to be with my daughter,
and we left very quickly. But in port of arts
are proper, I've never felt unsafe now. Of course, I'm careful.
I keep my daughter within my eyesight at all times.
We're in a foreign country. I'm not stupid, I'm situationally aware.
But I've also never felt better treated in a hospital
than when I went to Renew. Now they don't take
American insurance because American insurance won't pay for things like
quality stem cell treatment. They won't even pay for the
junk stem cells that exist in America. The autographs that
are frozen, and they're in these little boxes. I've seen them.
They're shipped all around the country. They stay in the
freezer forever long. They come from whomever the quality is whatever.
In Mexico, they come from the umbilical cords of women
that the doctors at Renew know because they track their
health during pregnancy and afterwards. They take the umbilical cords
and they walk about five minutes to a world class lab.
They examine them. They take the Wharton's jelly portion of
the umbilical cord stem cells. That's what they use. And
by the way, they reject eighty percent of the stem
cells because they don't match their quality standards. That's what
they put in your bodies and my bodies, and then
they multiply those it's called culturing them. They grow more
of these cells. Here's the crazy thing about renew. I
had the owner of the clinic there with the managing partner.
He is a partner, Jim, but they're both. They're both
The owners of the clinic walked me into surgery. One
of their employees, Hector. His dad was the guy who
put me to sleep, the neestetus and as caesiologists who
put me to sleep. I wake up. There's the owners
of the clinic, there's Hector, and I remember saying to
Steve and Jim, guys, you don't have to do this
just because you know I talk about you in the
cast and they laugh, like, what you think you're that important?
This has nothing to do with your stupid show. This
is what we do. This is how we treat people.
Whether it's because you can't move your hands, you can
get that movement back. It's very, very possible. At renew
Whether the arthritis is preventing you from getting up into
your work truck. I've seen that fixed. I've seen arechtol
thissfunction fixed. Zach's back got fixed, My back got fixed.
My friend Brett, who had the world record squat for
all those years, can all of a sudden walk upstairs
the straight way. He was walking upstairs sideways. He's not
even a month out from his treatment. Whether it's a
neurological issue. Hit them up at renew r E n
ue dot Healthcare. Tell me a part of the Todd
Hermitshaw family. It's renew r E n ue dot Healthcare.
So here we go. It is President Trump, Zach and
the Prime Minister of Canada, Carney. They're sitting in the
Oval Office and this, okay, I admit it, this is
the charming side of President Trump. He just comes right
out and says something about Canadian cars. Listen to this.
Speaker 4: Canadians are refusing to go to the US.
Speaker 3: The numbers are down like twenty five three percent in
the first seven months of the year.
Speaker 1: What do you say to Canadians that don't want to
go to the US now because of your fifty first
state talk, because of the trade war and the tariffs
and the fear of also little and.
Speaker 6: Americans don't want to buy cars that are made in Canada.
Speaker 4: You know, they have the same conflict.
Speaker 6: So there isn't It's something that will get worked out.
There's still great love between the two countries. But you know,
American people want the product here, they want to make
it here. Detroit was emptied out and moved to Canada
and moved to Mexico, moved to other places, not just Canada,
and now they're all moving back.
Speaker 1: You know, they're moving back.
Speaker 6: We have right now, it's just telling Mark we have
seventeen trillion, but it's going to it's really much higher
that was as a couple of months ago. We have
over seventeen trillion dollars being invested now in the United States.
As an example, Biden in he was the worst president
we've ever had, but they they had less than one
trillion in four years. We have more than seventeen trillion
in eight months.
Speaker 1: Okay, it's not a word salad, it's a sentence salad.
Because President he goes, he really has trouble staying in
one line of thought and things occur to him. Biden,
the worst president ever, I love that he threw that in.
I'm sorry, that's a charming part of his personality. But
seventeen trillion invested here, and that statement about no one
wants to buy cars made in Canada? Can I stop
and ask are there cars made in Canada? I mean,
I know there's American brands that are put together there,
but there's no like Kidis build Canadian cars.
Speaker 4: Yeah.
Speaker 3: I don't want to put my foot in my mouth,
but I was not aware of any cars being made
in Canada.
Speaker 4: I mean, I don't know.
Speaker 3: I don't know what you would possibly I don't know
what advantage that.
Speaker 4: Would possibly give you.
Speaker 3: I mean, yeah, their labor laws and minimum wages and
stuff I think are even more penal than ours.
Speaker 1: Yeah, so you could put American cars together or something,
but making them there, And no, I wouldn't want to
buy a Canadian car. But is he right on the
seventeen trick? I mean that seems roughly right. Invested here,
but that's not just to like, come and do you
know good for us? People are expecting a return in
that seventeen trillion, right.
Speaker 3: Yeah, And I think the way that he's looking, I
mean I think the way that you're looking at it
is I mean, you've got to look at it.
Speaker 4: You've got to look at the impact on a broad scope.
Speaker 3: Right, So, any any level of net investment into a
country is going to have benefits, right.
Speaker 4: It's going to create jobs, it's going to it's going
to have societal impact.
Speaker 3: Meaning you know, if you build you know, for instance,
if you build a two hundred and fifty billion dollars ship.
Speaker 4: Facility down and I don't know what it costs.
Speaker 3: I know that they're very expensive, but let's just say
it's two hundred and fifty billion dollars. If you build
a chip facility down in Glendell, Arizona, you're gonna have
the obvious ancillary benefits revenue, tax revenue for the state,
you know, uh, income tax revenue for the federal government
coming out of there. But then you're also going to
have incredible advantages. I mean, think about the increase in
property values around the surrounding area, property taxes, businesses shooting up, restaurants,
things like that.
Speaker 4: So yeah, that that money.
Speaker 3: That he's talking about is not going directly to American
consumers per se, but it is feeding into the I mean,
it's net investment and so it does have an extremely
buoyant and positive impact on the economy. And quite honestly,
you know, you got to see the way that these
things roll out.
Speaker 4: But there is a way.
Speaker 3: That Trump is approaching you know, and you and I
have both criticized him at times and not agreed with everything,
but there's a way that he is approaching things on
an economic level that makes all the sense in the
world and has for some time. At some point the
American left decided to economically and politically and in some
ways even not anyone to bring up military because I
don't want any more military conflicts, of course, but kind
of for lack of a better term, almost cast rating
the American people, like sitting there saying that we can't
do these things anymore, and oh, that's not viable. And
and you know, Trump is getting back to doing what
other countries would do in our situation, which is not
take advantage of other countries, not not stick it to
other countries, but to throw our weight around in a
way that's beneficial for the American people. Hey, if you
want access to the biggest economy on earth, fantastic, we
want you, but you got to you gotta pay to play.
Speaker 1: It's right flying on atplane in first class, yep. I
mean you can walk through and look at the seats
and go, wow, those are big seats. And those people
already drinking orange juices and mimosas for people who drink
alcohol because they're sinful. Well, sorry, I didn't mean that
slipped out. Sorry, zach I. I would never give that.
But no, it's like, but hey, you have to pay
to sit here or get points. I just looked this
up and I asked the I asked Google, and their
AI says, yes, Canada manufactures many cars, particular Intera, but no, no, no,
they make clear its assembly plants to a Honda, Stilantis Is, Chrysler,
Dodge and rav four, Lexis and ex et cetera. So
they were assembling US cars. And what Trump is saying
is he wants those brought back here. And if you're
a car company, you decide, here's the tax to continue
to make them in Canada, or it can bring them
down here and make them here. That's the throwing the weight.
Speaker 4: Around, right.
Speaker 3: Yeah, And here's and here's the part that people don't
understand about here. Like I love it when I hear
uneconomically educator or people that are not educated economically whatsoever
talk on this topic.
Speaker 4: Right, yeah, this is an infringent on free trade. No, no, no, guys.
Speaker 3: When American companies are sending car parts across the border,
having them assembled there and bring the cars back, the
reason they're doing that is to cut the American laborer
out of the process and save money, full stop.
Speaker 4: That isn't for That isn't fair trade. Okay.
Speaker 3: That is that is our own corporations using another sovereign
state to take advantage.
Speaker 4: Of a labor cost arbitrage.
Speaker 3: Right, That isn't free The idea the reason free trade
is beneficial is because you do here.
Speaker 4: You know what's a great example of free trade.
Speaker 3: It's US selling them cars and them selling us maple
syrup and oil. And I don't say that to denigrate
maple syrup and oil. I'm saying those are things that
they because of where they live, their environment, their natural resources,
they're things that they are extraordinarily rich at that are
easy and cost effective for them to extract. Meanwhile, you
look at here in the United States. You know we've
got better resource you know, there's so many things we
do better. So there is a difference between outsourcing labor
and free trade. Right, outsourcing labor does nothing to benefit
It is not a benefit to both sides.
Speaker 1: Yeah, right.
Speaker 3: For instance, doing that for Canada, how is that beneficial? Well,
because their workers are will be able to buy from
us guys, their population is one tenth ours, okay, Meaning
the ancillary benefit that we're getting from their workers being
paid with our dollars is so much smaller than the
benefits they're getting from that process.
Speaker 2: Right.
Speaker 3: And so for Trump to say that and acknowledge that
in the open, I think is fair. And that's what
he means when he talks about people have been taking
advantage of us and and it's and it's and like
he said in China, it's mostly our fault.
Speaker 4: So I think on that, on that side of it,
he's dead on. I think it is impossible to make
an argument like that.
Speaker 3: You go back and look at the arguments at the
time by guys like Ross Purot that you know, the
sucking sound of jobs going across the border, when when
when when When we were passing NAFTA back in the
early nineties, they were one hundred percent right, They were.
Speaker 4: One hundred percent right. So what is the inverse of that.
Speaker 3: The inverse of that is saying, yes, we want fair
trade with you, but what is fair Fair means it's
as beneficial for you as is for us. And at
due to our what I think are monopolist stick tendencies
in this country, at some point fair trade became what's
good for your country and what's good for our corporations.
Speaker 1: Yep, right, And somehow Democrats have succeeded in pivoting into no, No,
letting American workers work is bad, and they've successfully have
pivoted into this and successfully now completely from the position.
Here's another free trade. When I was in Mexico, I
bought my wife and daughter some jewelry, and I brought
myself a ring I don't wear enough. It's a beautiful
silver ring. I should wear more often. I just go
to the gym every day. And I ended up not
taking it and putting it back on it'send the truck
in a special container. But I bartered with the guy.
I went and saw a jewelry, it's beautiful. Do you
make this?
Speaker 2: Yes?
Speaker 1: And I was bartering, and at one point went back
and forth on money, and then he did the smartest
things act He got his had a sudden bring his
iPhone and he showed me the process of him making
the jewelry hecks. He says, here, I am, this is
me forming the silver. This is I'm watching this going okay.
Speaker 3: And then if and if they sign up to go
on this renew trip, we'll take them to meet.
Speaker 1: The exactly right, exactly right. And then he gave me
two free chains, silver chains, and once you know, when
I came home and showed it to the ladies like, oh,
beautiful chain, it's like, wait the chain. So good about
the Trulie, No, they're great, But that was free trade.
It had to benefit both of us. I want to
get to more with Trump here in a seconds, there's
this These are just funny kind of throw off things.
Then there's some serious economics stuff we need to talk
about regard to the tariffs. Zach Abraham now Your riskpodcast
dot Com. Quick announcements on Alan Soap. I'm not going
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Roger Tacoma, Washington. Stop telling us John from Alan Soaps
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He's fourteen years old. Great kid, works hard. He's diligence,
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Go to Alan soaps dot com slash todd use promo
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and yes, subscribe if you love the soap. So Zach.
This stuff is funny, and it's funny because no one
does this. President Trump is asked why he doesn't deal
with the great man, the PM of Canada, and President
Trump's quick response, here, if he's a great man and
you want to do a deal with Dnada, why aren't you?
Speaker 6: Because I want to be a great man to.
Speaker 1: Thank you.
Speaker 6: That's that's that's.
Speaker 1: A tip of waitress moment. That's a good one. And
then this, uh, this is so good. Oh, this is good.
Speaker 2: Uh.
Speaker 1: It happens that the the PM of Canada. Uh, his uh,
his child is a so called transactivist, so pushing for
the chemical surgical mutilation of kids. Listen to this.
Speaker 6: We have no men in women's sports were I.
Speaker 4: Mean basic things.
Speaker 6: We're not We're not going to take your child away
and change just sex of your child. We're not going
to do things like that. What they're doing to the
country is so incredible. And they got away with it
with all they woke crap. And now it's stopped, and
we have a country that's based on common sense and
strength and intelligence. I mean, we have the United States
of America. And I say it. I say it all
the time. Other leaders have told me this, Marcus, and
yet but I think he would mark a year ago
we were a dead country and now we are the
hottest country anywhere.
Speaker 1: Okay, then he gets into the merger, Zach, the merger. Please,
God know, do not merge with Canada. We do not
need a fifty first liberal, progressive common est states many.
Speaker 3: Respects the most important uh of Canada.
Speaker 1: I wasn't where I was going. I would know, but
you know on this all right, So I wanted to
get first of all, did you find that as funny
as I did? That that was actually genuinely that's him
at his best. It really is. So President Trump, Now,
this is dubious to me. I don't like this. Sorry.
I like it when Congress actually creates a budget, which
they choose, not to do. They refuse to carry out
that consitors constitutional progative the Congress of the Units shall
create a budget. They refuse. They do continuing resolutions. So
we're post constitutional anyway. But President Trump has announced that
he's going to pay for the foods programs for needy people,
WIK programs for pregnant pregnant women, not pregnant people. Incidentally,
he's going to pay for this through revenue from the tariffs.
And these are good commentaries. Scott Lincolm writes, to keep
the WIK program running during the shutdown, the administration will
transfer funding derived from the tariff revenue. I'm shocked, shocked
that far from paying off the debt, tariffs are now
just to magical legally suspect suspect a slush fund for
Trump's political priorities. And then you have Alex Gardofski, Right,
why is it possible to do this with tariff revenue
but not general tax revenue? Answer because Congress actually dictates
legally where the tax revenue could be spent. But A,
this is dubious, and B the WITH program is a
flat scam in many ways. What are your thoughts?
Speaker 3: Yeah, I mean I think the I think the I
think that so many of these social programs are.
Speaker 4: Scams, if you will.
Speaker 3: Yeah, And and the reason why I think there's I mean,
this is simple reason. It's not directly addressing the question,
but the simple reason that they're a scam is because
there's there's no accountability and and like where we don't have.
This is one of the things that fires me up
about social spending as I look at them and go
and I hate this sounds a little bit corny, but
I've used the term with about this, or I've used
this term in debates where I've said, guys, now, I
don't want a social safety net, I want a social
safety trampoline.
Speaker 4: I want something that's going to.
Speaker 3: Get people back up, that's good for them, it's good
for all of us.
Speaker 4: Why would we not want that?
Speaker 2: Right?
Speaker 3: And it's not and it's not even about saving money,
I mean, is that an ancillary benefit? Yeah, and it's
one you should probably care about when you're running seven
percent deficits, right and you're at one hundred and thirty
percent debt to GDP. But moreover, where where why do
we do these things where we have nothing but examples
of failure?
Speaker 4: Right? Why why is it that.
Speaker 3: We continually pull things off the trash heap of history
and think to ourselves, well, this time it's gonna work right, right,
whether it's with communism, socialism, whether it's handouts that that
that ask nothing of people, which in my opinion, people
talk about, right, you know, diminishing somebody's what what is it?
Their their own their own sensibility, their own sense of
self worth, or their own dignity. So instead we're just
gonna give them a bunch of stuff and not ask
anything up there, right?
Speaker 4: You know, how is that dignifying?
Speaker 1: This is very much like back in the days when
when you didn't have a lot of money, and for me,
I was living in a studio apartment in the Central
district of Seattle, and you know that thing where you'd
smell your milk before you drink it or right, and
sometimes you might pull it there's like a chunk in it.
And this is very much like trying these ideas again.
Is like your roommate, you know, grabbing milk and then
puking and then you're going, hold, let me try it.
Speaker 4: Yeah, that is that still good.
Speaker 1: Didn't drink it the right way, so let me drink
it the right way. You got to move the chunks, and.
Speaker 4: You got to chew it, cheer your milk, shoot.
Speaker 1: Your mil One of the thing here financially. And this
is something you've been telling us about and it has
to do with with energy centers. And I'll get you
this in just a second. Quick reminder about bone Frog Coffee,
Bonefrog Coffee dot com, slash Todd God Country team on
every single bag, founded by a Navy seal, three deployments
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Dear Paul, we've seen you surf the site a number
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We're not going to take you out this time. But
don't be surprised when you wake up at a red dot
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Speaker 4: Ha ha.
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This is a way to support a company that supported you.
Tim did that so he was willing to die on
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my favorite. That's a light roast but has the most
caffeine in it. But right now I'm betting on Golden Age.
And since we're talking about the economy, you should try
that too. Bonefrog Coffee dot com slash Todd promo code
Todd fifteen percent off of subscription coffee, ten percent off
your first purchase. You've been talking to us about this
and I wanted to talk Some of this is obvious,
I guess ish. So Bloomberg is kind of picking up
on where you've been talking about AI, and it's it's
its capabilities expanding exponentially. Now they're reporting that power demand
from AI dentist data centers is going to quadruple in
ten years. They show us China with high demands, Europe
and then following Japan and South Korea, India, et cetera.
I guess the real investment opportunities. I look at this
and say, Okay, you've been you've been doing regional utilities
forever and they produce decent cash flow and some dividends,
et cetera. You've been in that forever. But doesn't this
mean we're going to need more energy centers? And doesn't
that mean I should be investing in the raw materials
to make energy centers and investing in companies that build them.
Speaker 2: Yeah.
Speaker 3: And more importantly and more important, the most interesting aspect
to us is what member energy. To build energy requires fuel,
whether that tool is from solar, whether that fuel is
from wind. Right, I want to think about the fuel
side of it. And when you look at it, this
is what is also so attractive to us. Everybody's all
caught up in the AI boom. We have some exposure
to it. But to me, I, you know, I feel
like everybody's partying, you know, partying on the wrong block.
Meaning look look at what future activity.
Speaker 4: Is built into AI right now.
Speaker 3: Okay, what every company associated with AI wants you to
believe is that AI is driving all the stuff to
the moon.
Speaker 4: Here's the reality.
Speaker 3: There are going to be more losers from AI in
the tech world than there are winners.
Speaker 4: Okay.
Speaker 3: AI is going to be an unbelievably disruptive force because
it is going to be much harder to monopolize and
keep behind fences than the age of software.
Speaker 4: Because remember you and I have talked about this.
Speaker 3: We're still thinking that AI is going to work for
these tech companies like software in the Internet has. The
reason software in the Internet worked is because they were
able to build monopoly around these things.
Speaker 4: Right.
Speaker 3: Microsoft did it by giving their operating system away to everybody.
Speaker 2: Right.
Speaker 3: Google did it by you know, making the best algorithm
and then making really cheap ads that connect. Right, So
they created this circular loop that keeps feeding itself.
Speaker 4: Yep, you can't do that with AI.
Speaker 3: They're going to try, and they'll probably figure out ways
to monopolize it. But I think one of the biggest
things people are looking around with AI is I think
AI is going to be a boom to tech companies.
I also think it's going to be one of the
greatest destroyers. I mean meaning look at a company like
Salesforce dot Com. I have never seen a more destructive
force to companies like that come down the pike than AI.
The other thing is is, remember with when the Internet
was starting, or when you know, you look at Microsoft's monopoly,
the monopoly was because you had high barriers to entry, right,
think about it, even fifteen years ago, if you wanted
to take on Microsoft Windows like, think of what that
it was impossible the money it would have taken way. First,
you had to develop tech that was better a then
you had to try to beat them at a game
that you couldn't because they had more money and they
had more power. Okay, the way AI works in the
information age is you could have a team of six
kids working somewhere in Shanghai in a garage somewhere.
Speaker 4: They come out with a new model.
Speaker 3: All of a sudden, it leap frogs everybody else, and
now that model is pre eminent. And the guys that
just invested five hundred billion dollars a capex over the
last five years at places like Meta and Google and
all that kind of stuff, they just got lead fraud right.
And because of the ability for that to spread across
the Internet, they don't need the distribution channels these guys
got right, the customers that they locked down via Windows,
that doesn't apply to AI. So I just then I
look at AI, and I go. But what do I
know for sure is going to happen. I know that
energy demands are going to go through the roof. Then
I turn around to look at sixty dollars air oil
in that gas at three point fifty even though we
know that top of funding data centers, we're gonna be
shipping oceans of natural gas across both the Atlantic and
the Pacific Ocean. Right, I sit there and I go,
I don't know which of these group are gonna win,
but I know that these groups are nosebleed expensive, and
I know for a fact these things.
Speaker 4: Are gonna win, and nobody wants them. Yeah, And I'm
sitting there going load me up, and people are like,
that's not.
Speaker 3: Gonna work real Well, well, I mean we're up thirty
three percent on the year, market's up fifteen, so I
think it's working pretty good. And AI didn't drive our returns.
So I just once again, I think AI is. I
think AI is going to be a big deal. I
think it is going to be way less beneficial to
weigh fewer names than most people think, and it's a
game changer. But I just think people are looking in
the wrong direction, and I'm looking at generationally cheap natural resources,
and I'm watching this economic development that's going to be
just a giant vacuum for natural resources.
Speaker 4: So to me, it looks pretty clear.
Speaker 1: Well said love it, Zach. Thanks for joining us. It's
always good to have vice counsel day. Say hello to
the beloved Bipocks.
Speaker 4: I will do so.
Speaker 1: This is a Todd hermerschel. Please go be well, be strong,
be kind, and I know Zach's gonna go see his
beloved family today. I'm gonna see my beloved family today
and I hope you will too. And do walk in
the light of Christ.