Speaker 1: I wonder do assassination attempts of former presidents have any
Speaker 1: sort of effects on the economy of a nation. What
Speaker 1: about the sudden replacements of the guy who's the only
Speaker 1: guy who can rescue us from literal Orange Hitler is
Speaker 1: suddenly the guy who cannot rescue us from little Orange Hitler,
Speaker 1: but Orange cam he Ken. We'll talk about this and
Speaker 1: the economic impact of it, and the societal impact of it,
Speaker 1: and the thoughts of the heads of our friend Zach Abraham.
Speaker 2: The Todd Herman Show is one percent disapproved by big
Speaker 2: pharma technocrats and tyrants everywhere. No from the high mountains
Speaker 2: of Free America. Here's the Emerald City exile Todd Herman.
Speaker 1: Today is a day the Lord has made, and these
Speaker 1: are the time so which God has the Saturday we
Speaker 1: shall live. It's why is counsel today? Zach Abraham joins me. Oh, so,
Speaker 1: when you were over here, we had such fun having
Speaker 1: in this studio, and I miss having you sitting next
Speaker 1: to me. And the weekend I went up to youth camp.
Speaker 1: I'm standing there minding my own business, having a great
Speaker 1: privilege of watching God work in the lives of these
Speaker 1: young men, these boys, and being led by some young
Speaker 1: men by the way, and my friend Kevin comes up
Speaker 1: to me and he thinks he means well, And first
Speaker 1: of all, he is my old high school nickname, Herman. Hey, Herman.
Speaker 1: They shot Trump. I was like, yeah, yeah, yeah, and
Speaker 1: he goes, no, seriously, they shot President Trump. And at
Speaker 1: that moment, I'm like, oh my gosh, camp is going
Speaker 1: to be over. I'm going to have to go figure
Speaker 1: out how to make a YouTube video. I'm gonna have
Speaker 1: to respond to this very quickly. Where were you when
Speaker 1: you learned about it?
Speaker 3: Let's see, I was on the golf course with the
Speaker 3: mutual friend of ours, yes, and I'll just use a
Speaker 3: first name but Mark and uh and with with my
Speaker 3: son and playing a spectacular golf course by the way.
Speaker 3: And at first I went, you know, I I don't.
Speaker 3: I don't think a lot of people should envy managing
Speaker 3: money for a living because it's really stressful. But the
Speaker 3: one thing that is nice about is it really desensitizing.
Speaker 3: With you two nonsense, you know, you have to brush
Speaker 3: off so many things. So my first thought was fake news,
Speaker 3: whatever you know. And then I followed up and heard
Speaker 3: from a couple other very reliable people. H and this
Speaker 3: all probably happened in the matter of two to three minutes.
Speaker 3: And at first, you know, shot like I'm sitting there going, okay,
Speaker 3: we are is he dead? You know what's going on?
Speaker 3: But yeah, I was on a golf course and and
Speaker 3: you know it, it's rattling. I was alive when when
Speaker 3: Hinckley went after Reagan. But you know, I was so young.
Speaker 3: I was probably four or five years old at the time,
Speaker 3: so I don't, you know, I don't really remember it.
Speaker 3: And I just kind of remember sitting back in my
Speaker 3: golf car going, holy smokes. Just when you don't think
Speaker 3: things can get any crazier or any more vicious, you know,
Speaker 3: here we go. So yeah, that's that's what I was doing.
Speaker 3: And then and then I think one of my first
Speaker 3: thoughts I was like, because I knew where you were
Speaker 3: at the time, yeah, and I remember because I texted
Speaker 3: you probably not too long afterwards. I just thought, man,
Speaker 3: I wonder if Todd notes, because I don't know if
Speaker 3: you had service or anything like that up there.
Speaker 1: I had to go get onto the Wi Fi because
Speaker 1: other they don't want the boys having access to Wi Fi,
Speaker 1: so you get the secret WiFi and then oh my gosh,
Speaker 1: the the technology gymnastics of trying to get videos to upload,
Speaker 1: and please don't ever tell me Apple is slick tech.
Speaker 1: It's gross, it's horrible. It is I sort in disfolder
Speaker 1: and here it is and everybody has access to it.
Speaker 1: Then the folder disappears, and know, it was just this nightmare,
Speaker 1: but I wanted to ask you. It seems to me
Speaker 1: and maybe this is me just being completely naive, but
Speaker 1: when we have let's see, the day before he's going
Speaker 1: to be the official nominee the Republican you know, the
Speaker 1: Republican leader is nearly assassinated in what can only be
Speaker 1: described to me at this point as a purposeful decision
Speaker 1: to hey, just let one get through. There's just too much.
Speaker 1: It's too much, Jeff Epstein, it's too much. Oh, the
Speaker 1: cameras in the cell they broke, and the cameras outside
Speaker 1: themsel broke. And oh we accidentally erased the nine mon
Speaker 1: month messages, and oh we forgot he was on suicide watch,
Speaker 1: and oh were there sheets in there? How'd sheets get
Speaker 1: in there? And when you see that, and then the
Speaker 1: very next day, figure had Biden says, well, if it's
Speaker 1: a bad cold, I guess I won't run after the
Speaker 1: failed attempt. That should probably have an effect on the
Speaker 1: stock market because this goes full on. It's not banana
Speaker 1: Republic anymore. This is like smashed banana salad Republic. Yeah, yeah,
Speaker 1: it didn't.
Speaker 3: Now I remember. And this is kind of what I've
Speaker 3: been telling people is politics matter a lot less than
Speaker 3: you think in a scenario where the Federal Reserve and
Speaker 3: the federal government engaged in what they do. And I
Speaker 3: think one of the things that people need to remember
Speaker 3: is remember, Rome did not collapse because prices went down.
Speaker 2: Right.
Speaker 3: Rome collapsed because prices went up. Okay, right the end
Speaker 3: of every empire. And you can go, we can be
Speaker 3: talking about the British Empire, we can be talking about
Speaker 3: you can go, you can go thousands of years back
Speaker 3: and trace this to Chinese dynasties. The number one reason
Speaker 3: that you had dynastic turnover back in the Chinese dynastic
Speaker 3: days was inflation, currency collapse. And so, to be clear,
Speaker 3: and I've been I've been pretty vociferous about this, We're
Speaker 3: not on the edge of a currency collapse because we're
Speaker 3: still the clean We're winning a race by default. But
Speaker 3: you know what's driven the primary driver of assets. I mean,
Speaker 3: for first of all, you've had unbelievably profitable companies unlike
Speaker 3: anything we've ever seen over the last thirteen to fourteen years,
Speaker 3: So you can't look past that. But generally speaking, what's
Speaker 3: driving asset prices is you know, our government spending six
Speaker 3: and a half to seven percent deficits to GDP, right,
Speaker 3: I mean, the stock market did pretty well during the
Speaker 3: forties as well. In the middle of World War Two. Why,
Speaker 3: I mean, the government was just printing money like nobody's business, right,
Speaker 3: and for different reasons that was that was that was
Speaker 3: actually more investment, right. They were investing in US being
Speaker 3: the you know, the sovereign, the world reserve currency. They
Speaker 3: were investing in US being the military superpower of the
Speaker 3: next seventy eighty years. So it's not a good comp
Speaker 3: meaning I think the reason we were spending what we
Speaker 3: were spending, when you consider our budgets at the time,
Speaker 3: I think they're spending and deficits we ran in World
Speaker 3: War two were more than justified. And it's precisely why
Speaker 3: you build a surplus. We didn't have a surplus at
Speaker 3: the time, we were coming out of the Great Depression,
Speaker 3: but you know, debt is a percentage GDP. He was
Speaker 3: a fraction of what it is now. So but but
Speaker 3: you know, at the end of the day, the other
Speaker 3: thing is is that when you've had what we're in
Speaker 3: very undiscovered country right now as a country as far
Speaker 3: as the financial markets are concerned, because in our country,
Speaker 3: you've averaged the recession every seven years. We haven't had
Speaker 3: a proper recession since oh eight o nine, right, longest
Speaker 3: bull run, biggest bull market run in history. And people
Speaker 3: buy stocks because they go up right, nobody's doing the
Speaker 3: fundamental analysis. So literally it's going to take you know,
Speaker 3: a bucket of cold water, which could take the form of,
Speaker 3: you know, increased political tensions. You know, the fear right now,
Speaker 3: a average investor doesn't have a fear of losing money
Speaker 3: in the market. They have they have a fear of
Speaker 3: not being invested enough in the big names. And until
Speaker 3: that behavior shifts and you could see it starting to happen. Now,
Speaker 3: I mean, I'm not making a call here, it's it's
Speaker 3: a fool's errand to try to predict short term market
Speaker 3: movements and things of that nature. But you know, I
Speaker 3: think what you could have is you could have a
Speaker 3: beginning of market starting to look at more normal things,
Speaker 3: starting to pay attention to more fundamentals. But yeah, no,
Speaker 3: it didn't blink, And quite honestly, it didn't surprise me
Speaker 3: that it didn't blink.
Speaker 1: Then you see the transfer of power that fourteen million
Speaker 1: people voted for the figurehead. He was the presumptive dominee.
Speaker 1: And then it's oh, yeah, never mind.
Speaker 3: Now it's that's how they save democracy.
Speaker 1: Talk right right. A metaphor occurred to me as you
Speaker 1: were speaking about the no real recession. There's a metaphor.
Speaker 1: Let me think through. This is just let me formulate.
Speaker 1: This is my mind, and it's related to the natural world.
Speaker 1: It's related to natural resources. I've been telling people this
Speaker 1: week about when you were in here, you said our
Speaker 1: studios smelled like a natural resource and it was ozone.
Speaker 1: You came in your exact words, and I wish I
Speaker 1: had you in camera. Was wow, it smells like a
Speaker 1: thunderstorm here and you didn't script that. That was just
Speaker 1: so cool. The studio does smell that way. It doesn't
Speaker 1: smell like Jim clothes. This week. I'm doing my twenty
Speaker 1: four hour workout this weekend, by the way, so in
Speaker 1: prepping for that, I did two. Of course this morning, sure,
Speaker 1: or three, I forget what day it is, but it
Speaker 1: came in and I know I stunk, so I did
Speaker 1: take a swim before I came in. And don't you
Speaker 1: smell just really good? When you stink of trout slime,
Speaker 1: that's when you know you smell good. But thank god
Speaker 1: we've got the thunderstorm two. This is the device that
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Speaker 1: Code Todd three zat Cabraham's with us chief and the
Speaker 1: best officer. But we're capital management. All right, here's the
Speaker 1: help me understand this. Then I want to get onto.
Speaker 1: Do you believe the secret Service? They tried their very
Speaker 1: very very very best list and your assessment of cami.
Speaker 1: If you know forest management, you know you thin your forests.
Speaker 1: We just did this in our in our timber is.
Speaker 1: We had a company come out who knows how to
Speaker 1: you know, fell big trees, and they've they fell probably
Speaker 1: six of our trees, and now I'm busy turning them
Speaker 1: into firewood. They've sat the season, they've they've been become
Speaker 1: seasoned and dried out. And those guys that came out,
Speaker 1: they looked at our property and they said, okay, over here,
Speaker 1: this is all defensive, but you've got a really good
Speaker 1: defensible property. These are the trees that are dangerous. These
Speaker 1: are the ones we'd trimmed limbs on because limbs explode.
Speaker 1: These can land on your house on the west coast,
Speaker 1: they stop doing that. They wouldn't let the fires start naturally,
Speaker 1: so when lightning came, they'd send in the airplanes and
Speaker 1: stop the fires. They wouldn't manage the forest naturally. They
Speaker 1: wouldn't let people harvest the forest naturally, because we are
Speaker 1: meant to harvest forests. We live here, We're designed to
Speaker 1: live here. We're designed to use wood just as much
Speaker 1: as beaver's are designed to eat it. We're designed to
Speaker 1: use it to build. And all of a sudden, you
Speaker 1: have these massive, massive fires like we've never seen before.
Speaker 1: So I'm looking at the refusal to allow natural results
Speaker 1: in an economy, a natural recession building up tinder and
Speaker 1: there's this tinderbox economy. I mean, is that a tortured metaphor.
Speaker 3: It's not a tortured metaphor, And I honestly don't think
Speaker 3: it's been tortured enough. Meaning it's the arrogance and the
Speaker 3: hubris of man that thinks that they know, you know,
Speaker 3: we have to avoid recession. Recession isn't good for people.
Speaker 3: And you're like, man, that's that's kind of an odd
Speaker 3: observation to take, considering that we've previously managed things in
Speaker 3: a way that we let these things run their course,
Speaker 3: and we've developed the most dynamic, strongest economy in the
Speaker 3: history of mankind. So it's kind of odd to sit
Speaker 3: there and say, yeah, but that approach didn't work. Well,
Speaker 3: we need to do better. Right. It's a strange thing,
Speaker 3: and especially when you consider the when you consider the
Speaker 3: social costs, right, like meaning, I guarantee you and actions
Speaker 3: not been the same as they were in eight oh nine,
Speaker 3: and the FED and the federal government would have played
Speaker 3: it differently since then. I don't know exactly where we
Speaker 3: would be socially or culturally, but I guarantee you we
Speaker 3: wouldn't be in the same place. And what I mean
Speaker 3: by that is it would most assuredly would be somewhat better.
Speaker 2: Right.
Speaker 3: And so everybody, you know, everybody thinks that they know,
Speaker 3: you know, especially these economists, especially Ivy League economists, right,
Speaker 3: they're the brightest guys in the room. Just to ask them,
Speaker 3: so they know what's good. And when you sit there
Speaker 3: and you when it's always dessert, and like you said,
Speaker 3: when it's when we're never thinning out the herd. I mean,
Speaker 3: it's a natural law. You see it everywhere, right when
Speaker 3: you let herds of animals go unchecked and not challenged.
Speaker 3: You see disease and crazy things pop up, and mutations
Speaker 3: and all kinds of things that aren't natural because you know,
Speaker 3: you know, even if you're into Eastern religions, right, the
Speaker 3: Yin and yang, same idea, you get the good and
Speaker 3: the bad. And you know, I think it's a scary thing.
Speaker 3: And I think the other thing that you add into it.
Speaker 3: You know, I was sitting I don't know if you
Speaker 3: and I ever had a conversation but about this, but
Speaker 3: I was sitting there. I think my wife and I
Speaker 3: were watching a sermon or something this weekend, and it
Speaker 3: just a random idea popped into my head where I went,
Speaker 3: you know, so you add all this overreaction and all
Speaker 3: of this interference from government and government agencies, the Federal Reserve,
Speaker 3: everything that we know that's gone on, quantitative easing, and
Speaker 3: then you add on top of that the advent and
Speaker 3: the birth of social media. Right, So I started thinking
Speaker 3: about social media and I thought, you know, social media
Speaker 3: really is the modern tower of babble. Yeah right, it's
Speaker 3: even crazy if you think about the metaphors. Right, most
Speaker 3: of us get our social media information via satellite feed.
Speaker 3: Maybe not directly to our phone, but inadvertently, right, it
Speaker 3: gets course through it. Well, what was the Tower of Babel.
Speaker 3: It was a tower that reached all the way up
Speaker 3: to the sky. Kind of a creepy comparison, right, it
Speaker 3: reached up to the sky. Well, what was up in
Speaker 3: the sky? And man sat back and marveled at their ingenuity,
Speaker 3: and then as a curse, they were broken into factions. Well,
Speaker 3: what's happened to our culture? It's become so much more tribalistic.
Speaker 3: We've been broken into factions to the point where we
Speaker 3: can't even communicate anymore. The common langu which has been lost, right,
Speaker 3: the divelop, common language and pull. You know, a whole
Speaker 3: a whole group of young people believe in communism is
Speaker 3: superior to capitalism. You just sit back and you watch
Speaker 3: human behavior doesn't change. And at every corner, at every turn,
Speaker 3: humans think they can change it, that they can dictate it,
Speaker 3: that we can get all fluff and no substance, and
Speaker 3: there's no consequence for it, you know, and here we are.
Speaker 3: It was It was one of those things where I
Speaker 3: just kept rolling that analogy through my head and I went,
Speaker 3: holy smokes, you know, social media and the Internet, the
Speaker 3: combo of the two truly have been the advent of
Speaker 3: the uh. You know, it's the modern day tower of Babbel,
Speaker 3: and you know, and then you put put the political
Speaker 3: response to all the different things and that they've done
Speaker 3: economically and politically, and it's no wonder that this country
Speaker 3: is in the place that it's appen.
Speaker 1: So it's a wonderful way to put it, the Tower
Speaker 1: of Babbel that we don't even have a common, of
Speaker 1: course definition of truth. And this is much bemoans. I
Speaker 1: want to toss something and insert it in your mind
Speaker 1: and have you think about this, this metaphor of the
Speaker 1: dry tender. So I'm thinking about what industries represent the
Speaker 1: most dry tender. For instance, I think of the fragility
Speaker 1: of our banking system. Truly, we know it's fragile because
Speaker 1: they have to continue this trust tests and continue to
Speaker 1: pump in Monday. I'm thinking of the tenuous nature of
Speaker 1: commercial real estate in some of these cities that are
Speaker 1: being gutted. And I think purposely with this crime, so
Speaker 1: I wanted to just have you think about where is
Speaker 1: the most dry tender? That one match just boom blows
Speaker 1: this up. And it could be tech. It could be
Speaker 1: these seven companies that get you know, these automatic forty percent.
Speaker 1: I think of our investment moneies through these electronic training
Speaker 1: fund funds. So where is that dry tender? Think about
Speaker 1: that for a second. Let me give a health metaphor
Speaker 1: that I think people have these sort of secrets, not secret,
Speaker 1: but asymptomatic conditions and their dry tender. You might, for instance,
Speaker 1: feel very sluggish, very slow, kind of brain fogged. And
Speaker 1: if that is the case and you are overweight to obese,
Speaker 1: you might have asymptomatic fatty liver. Here's all this means.
Speaker 1: You can make it as fancy as you want. I'll
Speaker 1: make it clear as I can. Your liver has too
Speaker 1: much fat around it. It's putting pressure on the organ.
Speaker 1: The organ cannot do its job, it cannot properly filter blood.
Speaker 1: And when that happens, now you get into this case
Speaker 1: you want to talk dry tender. At some point your
Speaker 1: blood becomes x amount poorly filtered, and now you have
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Speaker 1: get liverhelp dot com slash todd. And don't let this
Speaker 1: dry tinder exists within your body now, Zach. We know
Speaker 1: that we can see bank failures again and again. We
Speaker 1: know that they leap into rescue because it defines too
Speaker 1: big to fail. That seems to me to be a great, big,
Speaker 1: huge patch of super dry tinder right under a failed
Speaker 1: or about to fail electrical transmission system. That industry seems
Speaker 1: to me to be the one that's the most clearly
Speaker 1: dry tender. Are there others?
Speaker 3: No? No, And I don't think I don't think that
Speaker 3: anybody knowledgeable of the system could could argue with you
Speaker 3: because that banking system. I mean, think about what we
Speaker 3: saw last year, right, you literally had a scenario where
Speaker 3: without the and to some degrees you need something like this,
Speaker 3: but we've just gone way overboard. But you had a
Speaker 3: scenario where you were going to watch the vast majority
Speaker 3: of the regional banking system in our company collapse last
Speaker 3: year twenty twenty three. And had you not been able
Speaker 3: to do what, had you not been able to print money? Right?
Speaker 3: So when I look at all of it, I think
Speaker 3: the biggest dry tender area in our entire economy is
Speaker 3: that when we run into problems, which we eventually will
Speaker 3: eventually can be a longer period of time than most
Speaker 3: people think. But when you run into a scenario where
Speaker 3: we just can't print money anymore, we've built in us,
Speaker 3: We've built an economy and a financial system that is
Speaker 3: reliant on that, and I really don't. I really think
Speaker 3: that that's beyond the point of being able to debate that. Right,
Speaker 3: the assumption that the players have is that that ability
Speaker 3: to print money will never not be there. So yeah,
Speaker 3: the banking system, I mean, look, you had, you had
Speaker 3: a FED funds rate go to five and a quarter percent,
Speaker 3: and that almost toppled your entire regional banking system. I
Speaker 3: think that should tell you everything you need to know.
Speaker 1: So explain people. There are people who are very sophisticated
Speaker 1: who get that. But the FED rate goes to what.
Speaker 3: Five and a course so we went from zero percent. Now,
Speaker 3: granted it was a very fast move and that's going
Speaker 3: to be hard on banks, but it was the most
Speaker 3: telegraph move, meaning we have had several investments that made
Speaker 3: money on bod down and on interest rates going up
Speaker 3: because you had inflation at forty year highs and you
Speaker 3: knew that the FED had no choice but to raise
Speaker 3: interest rates. Right. Well, then you looked over and you
Speaker 3: saw these You saw these regional banks that owned a
Speaker 3: bunch of long duration meaning they owned long term bonds
Speaker 3: that get hit the hardest, and that was the underlying
Speaker 3: collateral of their assets. Stack, and all of a sudden,
Speaker 3: those banks started tipping over. And one of the reasons
Speaker 3: they did that is because the FED is a nesthetized risk.
Speaker 3: They've sanitized risk for so long. Right, So you and
Speaker 3: I talked about it at the time. It's Silicon Valley Bank.
Speaker 3: Remember who their head risk manager was.
Speaker 1: Yeah, she was working on a gay pride year decade century.
Speaker 3: Right, right, yeah, and so their bank blew up, shocker.
Speaker 2: Right right.
Speaker 3: So so.
Speaker 1: So let me see it this way then, Okay, I
Speaker 1: want to just compare this. Our food prices, core food
Speaker 1: prices have gone up twenty nine percent, right, and so
Speaker 1: they removed food and energy from the CPI, the consumer
Speaker 1: price indecks. Oh, the Consumer Price Index is fine, but
Speaker 1: the and families are expected to absorb a twenty nine
Speaker 1: percent increase in food costs and to not topple a
Speaker 1: bank system sees a five and a half percent increasing
Speaker 1: cost and it nearly topples them that they expect us
Speaker 1: to stomach a twenty nine percent increase in food thirty
Speaker 1: nine percent in energy. Right Okay, Right, that's tinderbox man.
Speaker 1: All that takes is like six percent. If defence is
Speaker 1: it has to be six percent. How many banks would
Speaker 1: we lose if they didn't come and bail that out
Speaker 1: until sometime, as you said, they reached a point where wakshu,
Speaker 1: we don't have the money.
Speaker 3: Yeah, I mean, if you if you played it straight up,
Speaker 3: if they couldn't bail them out, I mean that five
Speaker 3: and a half to six percent is proven to be
Speaker 3: the breaking point. Now, I'm sure a lot of those banks,
Speaker 3: I'm sure that mark is a bit higher now because
Speaker 3: a lot of those banks, you know, obviously realized how
Speaker 3: close they were to destruction. So I'm sure that they've
Speaker 3: I would think and hope that they've made some adjustments
Speaker 3: to their risk management processing, yeah, which I'm sure the
Speaker 3: vast majority of them I have. But no, that's that's
Speaker 3: the thing. And this is the thing about fragility, right,
Speaker 3: it's it's it's I don't know if you were the
Speaker 3: one telling this story, but they didn't experiment one time
Speaker 3: where they were growing trees in this bubble, right, and
Speaker 3: they were trying to curate the ultimate environment. And what
Speaker 3: they saw is when they took the bubble away, even
Speaker 3: the slightest wind would come along and just level the trees.
Speaker 3: Why because they hadn't faced any fires they hadn't faced
Speaker 3: any resistance, right, and and and that sanitization of risk
Speaker 3: is inherently making the system more fragile. It just has
Speaker 3: to write because if I'm not worried about this consequence,
Speaker 3: if I'm holding back the waters, that's a temporary measure. Right, Eventually,
Speaker 3: my ability to hold back or put enough fingers in
Speaker 3: the dike, or to hold back the waters that those
Speaker 3: are temporary measures. Now, temporary can get distorted because temporary
Speaker 3: can last again it you know, it can last much
Speaker 3: longer than people think. But the inevitability of temporary measures
Speaker 3: failing is so you by definition, you are creating a
Speaker 3: more fragile society. And you're doing it because of the
Speaker 3: inconvenience of hardship over the short term. And yeah, I mean,
Speaker 3: look the the you're gonna reap the you're gonna reap
Speaker 3: the the the what's the term, I'm blamd. We're going
Speaker 3: to reap the whirlwind.
Speaker 1: Yeah, reap the world win.
Speaker 3: And it's inevitable. And eventually the pressure release will be inflation.
Speaker 3: It will be the degradation of the US dollar versus
Speaker 3: other currencies. We've already seen the inflationary part, haven't seen
Speaker 3: the degradation of the US dollar. Yet I mean the
Speaker 3: dollar index is still at one oh five. And again
Speaker 3: people are shocked when I tell them that, But it's
Speaker 3: the only reason it's there. It's not a it's not
Speaker 3: a tip of the cap to how we're doing things
Speaker 3: or a vote of confidence for how we're doing things.
Speaker 3: It has to do with the fact we're the world
Speaker 3: reserve currency and we're still the clean is dirty shirt.
Speaker 3: So you know, the other the other tinder. It's something
Speaker 3: that could feed right into that is the lack of
Speaker 3: investment in the natural resources right. Another way that they've
Speaker 3: made the system more fragile is when you get in
Speaker 3: there and start distorting things on a financial level. What
Speaker 3: you're what you are inadvertently incentivizing is what we refer
Speaker 3: to as the misallocation of capital, meaning think of all
Speaker 3: the VC money that has poured into even some really stupid,
Speaker 3: ridiculous nonsense. Look at all the people, Look at all
Speaker 3: the money that that that that flew into FTX, which
Speaker 3: was a complete sham. And anybody that had ever navigated
Speaker 3: microcap companies or microcap natural resource companies, you could see
Speaker 3: what these guys were doing. It was literally like watching
Speaker 3: a pump and dump scheme in the penny markets. And
Speaker 3: you know, and you had prominent people and investors throwing
Speaker 3: money into the FTX, and me and other buddies I
Speaker 3: know that were managing money, you know, six eight months
Speaker 3: before it collapsed. We're allsot there going, hey, this is
Speaker 3: a this is a pondly scheme, man, right, watch this
Speaker 3: thing get a collapse. And and and people are just
Speaker 3: death to those to those warnings because again, you just
Speaker 3: run around and sanitize risk for so long that everybody
Speaker 3: just thinks stocks go.
Speaker 1: Up, and this is the thing is like I'm picturing now,
Speaker 1: I'm picturing not the power lines above the banking sector,
Speaker 1: power lines that are going to fail. That's one tinder box.
Speaker 1: But you mentioned FTX. Where there's one, there's more. And
Speaker 1: if you ever do a drive around with like a
Speaker 1: if you go into rural areas with a fire chief
Speaker 1: for someone who works in forest fire management, they will
Speaker 1: drive by a house and go see that right there?
Speaker 1: What you don't see it? I see like someone's working
Speaker 1: on their land. They've got a caterpillar up there, right.
Speaker 1: Do you see that?
Speaker 3: Oh?
Speaker 1: Is that a fuel container? Yeah, that's a fuel container.
Speaker 1: Do you see that propane tank. Oh okay, so that's
Speaker 1: right next to the fuel container. Right, Do you see
Speaker 1: what can happen here? Very very lickety splits?
Speaker 2: Right?
Speaker 1: You see that fuel container, it catches fire, There is
Speaker 1: a spark from that caterpillar. It catches fire. That plastic
Speaker 1: fuel container melts, that thing goes up, and it's twenty
Speaker 1: five yards from a two thousand gallon propen tank. That's
Speaker 1: what they see. So I'm thinking of more ftxs because
Speaker 1: where there's some, there's more. And it's not that these
Speaker 1: are bad people. It's just that people like they've been
Speaker 1: lulled into this. It's never happened so far, so it
Speaker 1: won't ever happen. So I want to talk about more ftx's,
Speaker 1: But I also want to get back into this came
Speaker 1: Harris fever that's sweeping the country. And from your view
Speaker 1: as a guy who helps manage executive teams and sits
Speaker 1: on boards, do you believe that this was a voluntary
Speaker 1: transfer of power? And what's your sense is on that?
Speaker 1: Will continue to talk with Zach Abraham, Chief and Vestment
Speaker 1: Officer Capital Management. I am, as I said to Zach,
Speaker 1: I'm planning my twenty.
Speaker 3: Four hour workouts.
Speaker 1: We made the go no go decision yesterday, and it
Speaker 1: was my coach and my sports med guy, my friend.
Speaker 1: Both of them are friends. We had this group discussion.
Speaker 1: Are we gonna do this?
Speaker 2: Yes?
Speaker 1: Do I have time to recover before I go to
Speaker 1: seal Fit?
Speaker 3: Yes?
Speaker 1: Am I going to improve my body doing this?
Speaker 2: No?
Speaker 1: Am I going to get stronger?
Speaker 3: No?
Speaker 1: Am I going to gain more skill?
Speaker 3: No?
Speaker 1: One thing and one thing only mental. I can work
Speaker 1: out for twenty four hours. Therefore, seal Fit's going to
Speaker 1: be hard. It's going to suck, and I choose to
Speaker 1: thrive in that environment. I want to be a contributor
Speaker 1: to the team. I do not want to drag the
Speaker 1: team down. I want to be able to help these
Speaker 1: young guys in any way I can, even though there's
Speaker 1: no chance that I'm going to gain physical skill over them.
Speaker 1: But I can do this. I can prep for this
Speaker 1: using the Native Path collagen. This is going to be
Speaker 1: part of my prep Clearly, I'm going to really hydrate. Clearly,
Speaker 1: I'm going to rest two weeks before I go down.
Speaker 1: But you better believe I'm gonna be drinking the heck
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Speaker 1: dot com slash todd. So that was my METAPHORZAC. This
Speaker 1: latest one is it's a rural property. Guys got his
Speaker 1: caterpillar over here. Right next to it a fuel container
Speaker 1: of plastic and about twenty five yards from that a
Speaker 1: two thousand dollars propane two thousand gallon propane tank. Fire
Speaker 1: inspector sees that. Here's what he sees. Tree falls, hits
Speaker 1: that fuel tank, causes a spark off the caterpillar. This
Speaker 1: whole hill's on fire in about fifteen seconds. That propane
Speaker 1: tank is going to explode. Let's not got explode in
Speaker 1: fifteen seconds, but it's surrounded by fire. There's the house,
Speaker 1: there's the hill of four hundred acres of dry tender
Speaker 1: up the hill and three more houses. And guess what
Speaker 1: they have two thousand to five thousand dollars propane tanks
Speaker 1: a gallon propane tanks up there and they've got twenty
Speaker 1: to twenty five people and behind that is a million
Speaker 1: acres and a bunch of other homes. So with FTX
Speaker 1: out there, do you think there are more ftxsan a
Speaker 1: dry tender? And do you think that my podcast viewers,
Speaker 1: podcast family, do you think they're invested in these things.
Speaker 4: Oh you know, well, they certainly are, they are and
Speaker 4: there but oh yeah yeah, by that absolutely, I mean
Speaker 4: if they own, especially if they own index funds, and
Speaker 4: absolutely mutual funds, and the reasons for it.
Speaker 1: Mutual funds have FTX type things in them, Oh for sure.
Speaker 3: Yeah, yeah, I mean, like I said, you can make
Speaker 3: an argument that the big banks are like that, right,
Speaker 3: Like I said, I mean, if you understand the ways
Speaker 3: that the big banks, you know, the changes have been
Speaker 3: made in the big banks and the way that they work. Again,
Speaker 3: they're subject to the same issues that the regional banks
Speaker 3: are too. They just have the implied backing of the
Speaker 3: federal Reserve. Right, So, and and and and your analogy
Speaker 3: of the farm and the fuel tank are great, right,
Speaker 3: because we can dig fire ditches around there, we can
Speaker 3: we can do all these kinds of things and convince
Speaker 3: ourselves that we fireproof that area. Again, what do we know?
Speaker 3: We know that eventually, right, you will get a fire
Speaker 3: that jumps those Why, because it's what happens, It's what
Speaker 3: life is all about. Right. And So you make the
Speaker 3: choices of culture. Are you going to eat your seed
Speaker 3: corn or are you going to save it. Eating seed
Speaker 3: corn is fun, you.
Speaker 1: Know, let's have it.
Speaker 3: Yeah, and hey, and it's great. It makes for great times.
Speaker 3: What's the issue next fall? You got nothing to eat? Right, So,
Speaker 3: and that's one of the really tough things about watching
Speaker 3: some of the decisions as country is making. And and I,
Speaker 3: you know, I think everybody knows that I'm pretty levelheaded
Speaker 3: about this. I don't think there are many guys out
Speaker 3: there like me that see these issues. But then also say, look, guys,
Speaker 3: I don't see imminent collapse of the US dollar, and
Speaker 3: I don't think you should take your money and buy,
Speaker 3: you know, exchange all your stocks for physical goal. Who
Speaker 3: could have seen the disrupting the natural flow of this
Speaker 3: economy that created the greatest economy and the most dynamic
Speaker 3: economy in the history in the history of humankind. That
Speaker 3: if you interfere with that because you don't like to
Speaker 3: eat your vegetables anymore and you just want seed corn
Speaker 3: all the time, that it's not going to be as dynamic,
Speaker 3: it's not going to work as well, and it's probably
Speaker 3: going to end up toppling. But of course it is.
Speaker 3: You're not doing the same things. It's like when a
Speaker 3: team wins the super Bowl, and all of a sudden,
Speaker 3: they're like, hey, we're going to start doing things completely different. Okay,
Speaker 3: well then don't expect a continued string of Super Bowls, right,
Speaker 3: And that's what we've done.
Speaker 2: Right.
Speaker 3: We were a dynasty. We three peeded, we four peeded,
Speaker 3: and then all of a sudden we decided we didn't
Speaker 3: like training camp. Right, so we're not going to go
Speaker 3: to training camp. We're not going to do calisthenics, we're
Speaker 3: not going to work out. And why are we still
Speaker 3: winning super Bowls? Well, are you an idiot? You're not
Speaker 3: working out, man, you're not paying the price.
Speaker 1: You just gifted me with another kind of just metaphor
Speaker 1: that just hit me. So we continue, the government continues
Speaker 1: to conjure fake money and put fake money into the system,
Speaker 1: and eventually, okay, so that's working, and we're propping stuff
Speaker 1: up and people pretending it's okay, and the Big seven
Speaker 1: they're getting their audit amatic ETF investments. But at some
Speaker 1: point enough fakery hits the system that it notices. For instance,
Speaker 1: this can happen to you. You can breathe a certain
Speaker 1: amount of carbon dioxide, Okay, no problem, you feel a
Speaker 1: little bit lightheaded, it's not great for you. But at
Speaker 1: a certain point, though, it's let's say five percent carbon dioxide.
Speaker 1: Now you're like, gosh, I'm kind of having trouble catching
Speaker 1: my breath. I don't feel that great, I feel lightheaded.
Speaker 1: Now it's seven percent, it's nine percent, and now you're
Speaker 1: in deep trouble, right, And eventually the room fills up
Speaker 1: with all carbon dioxide. Now there's not enough oxygen. So
Speaker 1: can that happen in a financial market where there is
Speaker 1: fake money works?
Speaker 2: Now?
Speaker 1: Fake money can sustain us, but eventually the fake money
Speaker 1: is like you've been sitting in a closed room and
Speaker 1: now you're breathing what you've exhaled all this time, You're
Speaker 1: breathing pure carbon dioxide. Does that metaphor work?
Speaker 3: Yeah? Absolutely, And I'll just give you a perfect example
Speaker 3: of it, which is if something if there was something
Speaker 3: that occurred where the majority of the rest of the
Speaker 3: world decided to go with a different currency union yep,
Speaker 3: and the dollar, and the dollar was instantly a competitive asset,
Speaker 3: you would see a massive economic hit to our country.
Speaker 3: You would see a massive exodus of capital out of
Speaker 3: our markets. Why is that because a lot of the
Speaker 3: dynamism now don't give me wrong. The US financial system
Speaker 3: is still the best in every single way. But again,
Speaker 3: it's not the best because we're doing it the way
Speaker 3: we've always done it. It's the best because everybody else
Speaker 3: is acting like bigger idiots than we are, right, or
Speaker 3: they're more corrupt than we are, or they even print
Speaker 3: more money than we are. But at some point that's
Speaker 3: going to stop. Why because they don't have the ability
Speaker 3: to sanitize all of their risk constantly.
Speaker 2: Right.
Speaker 3: So when that ability, like I've said before, when that
Speaker 3: ability for us to print without any consequences, relatively speaking,
Speaker 3: when that goes away, you'll see a lot of things topple.
Speaker 2: Right.
Speaker 3: If banks had to stand on their own, you would
Speaker 3: see a lot of things tople Why because you know,
Speaker 3: you'd probably have inflation. The Fed wouldn't be able to
Speaker 3: contain interest rates anymore. They wouldn't be able to print
Speaker 3: the money and come in and sanitize these banks balance sheets.
Speaker 3: So what would happen all of a sudden You'd see
Speaker 3: what happened in eight oh nine, which, all of a sudden,
Speaker 3: you've got all this collateral that we had priced at
Speaker 3: you know, one hundred pennies on the dollar. You'd see
Speaker 3: it worth thirty cents and then boom instantly, overnight the
Speaker 3: bank's balance sheet goes from healthy to underwater and they
Speaker 3: got to get closed down, right, So I mean, that's
Speaker 3: that's the thing. And what's really what's nerve racking to me,
Speaker 3: long run speaking, is the longer you do this, the
Speaker 3: more fragile it gets, right, because you're building on a
Speaker 3: faulty foundation, and I would rather have one story built
Speaker 3: on a faulty foundation as a post. Right, there's less weight,
Speaker 3: there's less pressure, yep. Okay, So what are we doing?
Speaker 3: I mean, look at the bank run, Look at COVID,
Speaker 3: look at oh wait, oh nine, Look at those shale
Speaker 3: collapse in twenty sixteen, Look at the European debt crisis. Right,
Speaker 3: what have we done? We just kept building story and stories.
Speaker 1: CPI take energy, take food out of its unemployment numbers.
Speaker 1: When you quit looking for a job for a year.
Speaker 1: Now you're not unemployed. If you leave a good salary
Speaker 1: job of two hundred and fifty grand a year to
Speaker 1: work three part times at thirty grand a year for
Speaker 1: a total net loss of one hundred and forty thousand
Speaker 1: per year or your income. Lucky you you have three jobs.
Speaker 1: So it's you talk about Tower of Babbel. I mean,
Speaker 1: our financial system is false story upon false story of
Speaker 1: false story. It doesn't get more false than Cammi Harris
Speaker 1: and I want to just I want to bring this
Speaker 1: back to kind of where we started a little bit.
Speaker 1: ZECH was on the political front. And so while we
Speaker 1: do this and we we load up for this conversation,
Speaker 1: I want to address people who have because I've lately
Speaker 1: I screwed up my neck wrestling my friend Ben. And
Speaker 1: you've not met Ben. It was my decision to wrestle him.
Speaker 1: He is one of the strongest human beings I've ever known.
Speaker 1: He's elite athlete level dude, and he's half my age,
Speaker 1: but he'd never wrestled before. So I want you to
Speaker 1: know I took three takedowns to one, but the minute
Speaker 1: Ben figured it out, he slammed me and then he celebrated.
Speaker 1: He got up, he said, I bet I hurt your neck,
Speaker 1: old man. He didn't really say that it had happened.
Speaker 1: And I don't blame Ben even a little bit. He's
Speaker 1: my sports med guy and he has been really helping
Speaker 1: me with these incredible treatments because I get this neuropathy
Speaker 1: in my fingers and it's clearly a resulted this thing
Speaker 1: in my neck and it's going away, so it's not permanent.
Speaker 1: But to people who have this, how on earth do
Speaker 1: you deal with this with your fingers numb all the
Speaker 1: time or tingling? I don't, I mean in this nerve pain.
Speaker 1: And I was showing Ben the other day I went
Speaker 1: to get treatment. I'm like, no, dude, my lat is
Speaker 1: lit up, this lat is locked, and he goes, No, Todd,
Speaker 1: your lat is exactly the same on your left is
Speaker 1: and your right. It's a perceived difference.
Speaker 2: It's nerve.
Speaker 1: I could not do what you do if you have
Speaker 1: this neuropathy and in your legs. Can I say something
Speaker 1: that renew dot Healthcare has had incredible results with neuropathy
Speaker 1: because of the inflammation involved. If it's chronic neuropathy, and you,
Speaker 1: I guarantee you've got people telling you, yeah, back surgery,
Speaker 1: that'll fix it. Yeah, cut in your body, that's probably
Speaker 1: the best way to do it. Don't try something non invasive.
Speaker 3: Do this.
Speaker 1: Please, please just get to renew dot Healthcare. Talk about
Speaker 1: this horrible neuropathy that's keeping you from movement. And I
Speaker 1: don't know how you sleep when it's just well all
Speaker 1: the time, I can't sleep on my left side right now.
Speaker 1: Hate it. But you live this way. Go to renew
Speaker 1: Dot Healthcare. They'll look at any MRIs, they'll look at
Speaker 1: the information you have from your doctors. They'll interact. If
Speaker 1: they can help you, they'll give you the thumbs up.
Speaker 1: If they can't, they'll say they can't. If they think
Speaker 1: they can, they'll tell you we think it's fifty percent
Speaker 1: we can help, they'll give you the percentage. Then when
Speaker 1: you agree to go down, you're going to meet people
Speaker 1: who don't view this as hey, here comes some pay
Speaker 1: you know, get them in and out. You meet people
Speaker 1: who want to get to know you. They want to
Speaker 1: spend time with you, want to maybe go to dinner
Speaker 1: with you if you play golf. I know Steve and
Speaker 1: the gang down there loves to play golf, and they
Speaker 1: love their city of Portavarta. And they'll in fact tell
Speaker 1: you where to go and some places to stay, and
Speaker 1: very often they end up taking everybody to dinner. That's
Speaker 1: just who they are. And they use ethically gathered stem
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Speaker 1: That's renew dot Healthcare. Please tell him you are a
Speaker 1: podcast indoor radio show family member. It's renewed Healthcare. So
Speaker 1: zach the Cammi Harris thing. Let's just review. The figurehead
Speaker 1: is not dropping out. He is firm. The morning that
Speaker 1: he dropped out, his co chair of the campaign said,
Speaker 1: he's not dropping out. Let me be clear. He's made
Speaker 1: a decision, he's running. Then the figurehead drops out of sight.
Speaker 1: We have now some verified reports from Las Vegas police
Speaker 1: that they were told he had on medical medical emergency,
Speaker 1: so he was going to be airlifted to back East
Speaker 1: immediately as soon as possible. Then all of a sudden,
Speaker 1: here's Cammy Harrison. Boom, She's got fifty million. And now
Speaker 1: Biden's forgotten. You got Gavin Newsom. He's not stepping up.
Speaker 1: Other Democrats are stepping up. No, Cammi's the lady, a
Speaker 1: woman who gathered a massive one percent of support in
Speaker 1: the Democrat primary last time. She cackles when she talks.
Speaker 1: She is duplicitous and mean and scheming, and she is
Speaker 1: now the great, great great leader of the Democrat Party,
Speaker 1: even with the figurehead still in office. You guy who
Speaker 1: sits on boards, you manage corporate boards. If you came
Speaker 1: back from a weekend and you called one of the
Speaker 1: companies you're invested in, Yeah, hey, is is Joe Biden there?
Speaker 3: Who?
Speaker 1: Well, the CEO? I'm sorry you must have confused. The
Speaker 1: CEO is Cambel Harris. What whether there's a switch? No,
Speaker 1: it's always been caming Herris. We were talking about she
Speaker 1: was vice president of the company. I don't know what
Speaker 1: you're talking about, dude. I think you're stones like it's
Speaker 1: always been Cammy. She's been a SOT leader for us.
Speaker 1: Wait didn't she run our failed border initiative. What, No,
Speaker 1: she was different. Borders are They're literally pretending the media,
Speaker 1: in a coordinated effort, they're pretending she was not.
Speaker 3: The borders are.
Speaker 1: So as you look at this as a guy who
Speaker 1: helps manage corporate boards, is any of it believable?
Speaker 3: Well, I mean the whole I mean, the whole thing
Speaker 3: is ridiculous. The other part of it, though, that I
Speaker 3: would tell people to be and look, I get plenty wrong.
Speaker 3: So I'm not sitting here saying I'm gonna oracle or
Speaker 3: something like that. But you know, over a year ago,
Speaker 3: I was saying on our show that I was like, listen,
Speaker 3: I don't care what any but he says, the guy's
Speaker 3: gonna be able. The ticket come comes, you know, come November.
Speaker 3: You said, yeah, And and I mean I just I
Speaker 3: just watching everybody, you know, and I'll get to Kamala Harris,
Speaker 3: but watching everybody be so shocked by his appearance and
Speaker 3: the way he performed in the debate, you're kind of
Speaker 3: looking at him going, what what have you been paying
Speaker 3: attention to? You know, so so you know, I think
Speaker 3: they're scrambling, and or clearly they were scrambling. You know,
Speaker 3: I haven't dug into it enough to really comment on
Speaker 3: the whole coup thing. I don't really think it was
Speaker 3: so much a coup as it was all of a
Speaker 3: sudden that everybody realized and I don't know what they
Speaker 3: were looking at, but we see this dynamic happen all
Speaker 3: the time with human beings. Everybody realized that the king
Speaker 3: was wearing no clothes, right, and you know, it was
Speaker 3: that it was really that simple, and then I think
Speaker 3: they went into fire drill mode and it's just really ironic.
Speaker 3: It's just really ironic to me, and I think it
Speaker 3: gets it one of the biggest things that that that
Speaker 3: is undercutting and endangering our country as we know it
Speaker 3: right now, which is the you know, the party that
Speaker 3: is out there to save democracy is trumpeting and championing
Speaker 3: somebody that wasn't voted for and didn't go through a
Speaker 3: primary process, right. And this is one of the biggest
Speaker 3: problems that you see historically with human beings in general,
Speaker 3: which is when when it becomes a beat somebody at
Speaker 3: all costs, right, beat Trump. Trump is the threat to
Speaker 3: democracy and you gin everybody up like that. You can
Speaker 3: justify anything if we're fighting evil, right, if we're try
Speaker 3: to do evil, we can justify anything, right, So, and
Speaker 3: that's one of the dangers to me of this path
Speaker 3: that we've gone down as a country and having the media,
Speaker 3: you know, all in on it and building up Trump,
Speaker 3: this guy that everybody's known literally since he was his
Speaker 3: late teens early twenties, to be this monster that cuts
Speaker 3: against forty years of public record and forty years of reputation.
Speaker 3: Because now you've got a voting populace that, in an
Speaker 3: effort to save democracy, is burning.
Speaker 1: There exactly exactly. And the fact that the Democrat voter
Speaker 1: base hasn't said, oh, hey, wait, wait, do we get
Speaker 1: to vote again? That's so remarkable to me. They don't
Speaker 1: understand their own set. If they don't understand the super
Speaker 1: delegate process, they don't understand that your votes as Democrats
Speaker 1: grassroots mathematically is eliminated by superdelegates. That they have been
Speaker 1: talking insurrection now for two and a half years. There's
Speaker 1: people in prison, solitary confinement. There's Grammar seventy two years
Speaker 1: old where the capital for ten minutes took a selfie
Speaker 1: set of prayer. They're in prison because of an insurrection,
Speaker 1: any type thing. That Democrats haven't sit up to this
Speaker 1: and said no, What this insticates to me is the
Speaker 1: inertia of the evil machine is so strong that praise
Speaker 1: God for arning President Trump's had away or actually towards
Speaker 1: the shooter, saving his life. So we have one last
Speaker 1: chance to save America. And if only the RNC wasn't
Speaker 1: having people pray to false gods from the stage, then
Speaker 1: I could feel fully happy. Did you see that?
Speaker 3: Yeah? No, I didn't see that. What did they say? Oh?
Speaker 1: No, they were they had they were praying to Muhammad.
Speaker 1: They're praying to the seekh God. Oh, because I don't know.
Speaker 1: I seem to remember in the Bible God said something
Speaker 1: about love me with your entire heart, soul and mind,
Speaker 1: and love your neighbors yourself, and don't pray to false gods.
Speaker 1: But maybe I'm wrong, Maybe they took that part out.
Speaker 3: What No, But and this is why, you know, so
Speaker 3: much of this goes back to me, to the the
Speaker 3: whitewashing of God out of American culture, and then also
Speaker 3: the complete breakdown of our educational system. And why do
Speaker 3: I say it relates to that, Because these people that
Speaker 3: are all caught up in this and voting for they
Speaker 3: don't even really understand what democracy is. They don't understand
Speaker 3: that we don't even live in a democracy that we
Speaker 3: never have. They don't understand the basic tenets. They don't
Speaker 3: understand what got them somewhere right. They don't understand any
Speaker 3: of this. They don't understand how totalitarian, how totalitarianism begins.
Speaker 3: They don't understand the genesis of authoritarianism. They don't understand
Speaker 3: that they are literally leading the way with torches down
Speaker 3: a path away from democracy in choice, and you know
Speaker 3: it's We were sitting down as a family the other
Speaker 3: night watching a video and I thought this pastor did
Speaker 3: an unbelievable job confronting the issue of transgenderism and doing
Speaker 3: it in a very christ like way of we love everybody,
Speaker 3: but it doesn't mean that we're going to lie to you.
Speaker 3: It doesn't mean that we're going to sacrifice the truth.
Speaker 3: You're welcome at our church if you're a transgender person,
Speaker 3: but it doesn't mean we have it because giving you
Speaker 3: falsehoods feeling you full of lives isn't love.
Speaker 2: Right.
Speaker 3: Sometimes love hurts, and oftentimes the best love, that is
Speaker 3: the most impactful and the best for us, hurts the most.
Speaker 2: Right.
Speaker 3: It's discipline, Like David said, I love your discipline, right,
Speaker 3: and and everything about our culture has said no, no, no, no,
Speaker 3: we're good on our own. We don't need the discipline.
Speaker 3: We just want the right right and you know, we'll
Speaker 3: see where, you know, we'll see how that works out.
Speaker 3: I'm not waiting with baited breath, because you know, it's
Speaker 3: a pretty it's a pretty predetermined outcome and a pretty
Speaker 3: predetermined location of where we're headed. But no, not But
Speaker 3: as far as them doing this, it doesn't surprise me
Speaker 3: at all. What I do think is pretty funny is
Speaker 3: how everybody now is how the media jumps on the
Speaker 3: train and everybody all come up. And I'm sitting there going, guys,
Speaker 3: there isn't a fortune five hundred company in this country
Speaker 3: that would high or her is a senior VP. I mean,
Speaker 3: then we want to go into you know, go look
Speaker 3: at her track record in California. It's abysmal. She's never
Speaker 3: been a part of anything successful. She's never been elected
Speaker 3: to prominent office of any kind on a national stage. Right,
Speaker 3: she didn't get elected to vice presidential pit. The other
Speaker 3: one that cracks me up too is now rolling out
Speaker 3: the racist tripes. Oh, everybody's referring to her as a
Speaker 3: DEI higher and you're like, well, Joe Biden referred to
Speaker 3: her as a de.
Speaker 1: Higher right, he said his running had to be a
Speaker 1: black female, Yeah, right, because of d.
Speaker 3: And this is where and this is where, this is
Speaker 3: where the breakdown of removing God properly taught, in my opinion,
Speaker 3: religion and the breakdown of the educational system really comes
Speaker 3: into play. And I'll talk with a buddy about mine
Speaker 3: this the other day. Why is it that so few
Speaker 3: people are so willing to lie and accept lies to
Speaker 3: further their cause without ever taking upon just this. Where
Speaker 3: is the intellectual curiosity that would require, because it would
Speaker 3: do this to me where you'd sit back and you'd go,
Speaker 3: you know, if I got a cheat and lie to
Speaker 3: further my cause, maybe I'm waving the wrong flag.
Speaker 1: Right, Maybe my cause is the wrong cause. And I
Speaker 1: would just I would present it this way to people
Speaker 1: who doubt this de I think, and I think this
Speaker 1: is a great way to talk to friends about the
Speaker 1: attempted assassination President Trump. Video evidence shows that those two
Speaker 1: women were incapable of defending the President United States funbling
Speaker 1: with their guns. Can't take them out of the holster,
Speaker 1: can't put them into the holster. Cowering, yelling what are
Speaker 1: we doing here? Whereas the well trained, tall, robust male
Speaker 1: agents were all over the president doing what they were
Speaker 1: to do. Here's the scenario. It's the playground thing. We're
Speaker 1: picking people for a sports team. We're playing football today,
Speaker 1: tackle football, and we're all going to line up and
Speaker 1: we're going to pick one from this team and one
Speaker 1: from next. Here's what's going to go. You're gonna have
Speaker 1: your big brutes and your fast runners, great catchers picked first,
Speaker 1: and after that then it's just the leftovers. And maybe
Speaker 1: you're a great mathematician, maybe you're great at drama. Maybe're
Speaker 1: a great painter, maybe a great baseball player, but you
Speaker 1: can't play football. Present this to your friends. There are
Speaker 1: killers outside your home, then tend to come in and
Speaker 1: murder your family. Here are ten people from whom you
Speaker 1: can choose to help you. Five of them are tall, muscular, strong,
Speaker 1: fast looking, competent looking men. Five of them are overweight, short,
Speaker 1: visibly scared women. You choose, are you going to do
Speaker 1: the playground thing. We'll take one from this side and
Speaker 1: one from the other. No, you're going to use the
Speaker 1: discernment God gave you to say. These may be sweet women.
Speaker 1: They may be brilliant women, they may be strong women, mentally,
Speaker 1: they are not prepared to take my family out of
Speaker 1: this house and to kill the killers. DEEI got one
Speaker 1: man killed and it very nearly cost President trump In's life.
Speaker 1: That's the way I look at it.
Speaker 2: Brother.
Speaker 1: I always appreciate you having you on, man.
Speaker 3: Yeah, no, always, you know, always good to be on.
Speaker 3: And thank you very much. And you know the other
Speaker 3: the one last thought on that one, Todd, is if
Speaker 3: anybody out there, look, we don't have to go coop
Speaker 3: or whatever, but one hundred and forty yards when they
Speaker 3: ar fifteen, that's not a tough shot, not at all.
Speaker 1: I and my shooting has become a joke. And I
Speaker 1: made it like ten times standing up on a hill,
Speaker 1: not not on a resting base. And my friends who
Speaker 1: took me shooting will tell you Todd can't shoot with
Speaker 1: the pistol anymore. Don't ever let him yet. You need
Speaker 1: to learn this more.
Speaker 3: It's a tough No, it's a tough it's a tough
Speaker 3: one to it's a tough tough one to justify because
Speaker 3: I just I cannot unmach how that was an ass.
Speaker 1: No, Nope, it clearly. It clearly was into my opinion.
Speaker 1: Appreciate you coming. My brothers starting to get break up
Speaker 1: on the internet signal, and that's why I miss having
Speaker 1: in the studio, also because they get to sit next
Speaker 1: to you. Zach Abraham, Chief Investment Officer, Bulwark Capital Management.
Speaker 1: Know your Risk radio dot com. Know your Risk radio
Speaker 1: dot com. This is a Todd Herman show. Please go,
Speaker 1: be well, be strong, be kind to remember that God's
Speaker 1: invented real things. Human beings have perverted them. So choose
Speaker 1: the real things of God, beginning with the solid rock,
Speaker 1: the foundation, the Word of God.