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Speaker 1: I wonder do assassination attempts of former presidents have any

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Speaker 1: sort of effects on the economy of a nation. What

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Speaker 1: about the sudden replacements of the guy who's the only

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Speaker 1: guy who can rescue us from literal Orange Hitler is

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Speaker 1: suddenly the guy who cannot rescue us from little Orange Hitler,

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Speaker 1: but Orange cam he Ken. We'll talk about this and

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Speaker 1: the economic impact of it, and the societal impact of it,

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Speaker 1: and the thoughts of the heads of our friend Zach Abraham.

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Speaker 2: The Todd Herman Show is one percent disapproved by big

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Speaker 2: pharma technocrats and tyrants everywhere. No from the high mountains

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Speaker 2: of Free America. Here's the Emerald City exile Todd Herman.

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Speaker 1: Today is a day the Lord has made, and these

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Speaker 1: are the time so which God has the Saturday we

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Speaker 1: shall live. It's why is counsel today? Zach Abraham joins me. Oh, so,

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Speaker 1: when you were over here, we had such fun having

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Speaker 1: in this studio, and I miss having you sitting next

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Speaker 1: to me. And the weekend I went up to youth camp.

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Speaker 1: I'm standing there minding my own business, having a great

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Speaker 1: privilege of watching God work in the lives of these

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Speaker 1: young men, these boys, and being led by some young

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Speaker 1: men by the way, and my friend Kevin comes up

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Speaker 1: to me and he thinks he means well, And first

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Speaker 1: of all, he is my old high school nickname, Herman. Hey, Herman.

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Speaker 1: They shot Trump. I was like, yeah, yeah, yeah, and

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Speaker 1: he goes, no, seriously, they shot President Trump. And at

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Speaker 1: that moment, I'm like, oh my gosh, camp is going

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Speaker 1: to be over. I'm going to have to go figure

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Speaker 1: out how to make a YouTube video. I'm gonna have

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Speaker 1: to respond to this very quickly. Where were you when

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Speaker 1: you learned about it?

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Speaker 3: Let's see, I was on the golf course with the

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Speaker 3: mutual friend of ours, yes, and I'll just use a

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Speaker 3: first name but Mark and uh and with with my

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Speaker 3: son and playing a spectacular golf course by the way.

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Speaker 3: And at first I went, you know, I I don't.

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Speaker 3: I don't think a lot of people should envy managing

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Speaker 3: money for a living because it's really stressful. But the

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Speaker 3: one thing that is nice about is it really desensitizing.

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Speaker 3: With you two nonsense, you know, you have to brush

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Speaker 3: off so many things. So my first thought was fake news,

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Speaker 3: whatever you know. And then I followed up and heard

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Speaker 3: from a couple other very reliable people. H and this

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Speaker 3: all probably happened in the matter of two to three minutes.

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Speaker 3: And at first, you know, shot like I'm sitting there going, okay,

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Speaker 3: we are is he dead? You know what's going on?

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Speaker 3: But yeah, I was on a golf course and and

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Speaker 3: you know it, it's rattling. I was alive when when

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Speaker 3: Hinckley went after Reagan. But you know, I was so young.

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Speaker 3: I was probably four or five years old at the time,

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Speaker 3: so I don't, you know, I don't really remember it.

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Speaker 3: And I just kind of remember sitting back in my

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Speaker 3: golf car going, holy smokes. Just when you don't think

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Speaker 3: things can get any crazier or any more vicious, you know,

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Speaker 3: here we go. So yeah, that's that's what I was doing.

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Speaker 3: And then and then I think one of my first

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Speaker 3: thoughts I was like, because I knew where you were

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Speaker 3: at the time, yeah, and I remember because I texted

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Speaker 3: you probably not too long afterwards. I just thought, man,

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Speaker 3: I wonder if Todd notes, because I don't know if

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Speaker 3: you had service or anything like that up there.

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Speaker 1: I had to go get onto the Wi Fi because

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Speaker 1: other they don't want the boys having access to Wi Fi,

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Speaker 1: so you get the secret WiFi and then oh my gosh,

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Speaker 1: the the technology gymnastics of trying to get videos to upload,

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Speaker 1: and please don't ever tell me Apple is slick tech.

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Speaker 1: It's gross, it's horrible. It is I sort in disfolder

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Speaker 1: and here it is and everybody has access to it.

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Speaker 1: Then the folder disappears, and know, it was just this nightmare,

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Speaker 1: but I wanted to ask you. It seems to me

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Speaker 1: and maybe this is me just being completely naive, but

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Speaker 1: when we have let's see, the day before he's going

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Speaker 1: to be the official nominee the Republican you know, the

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Speaker 1: Republican leader is nearly assassinated in what can only be

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Speaker 1: described to me at this point as a purposeful decision

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Speaker 1: to hey, just let one get through. There's just too much.

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Speaker 1: It's too much, Jeff Epstein, it's too much. Oh, the

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Speaker 1: cameras in the cell they broke, and the cameras outside

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Speaker 1: themsel broke. And oh we accidentally erased the nine mon

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Speaker 1: month messages, and oh we forgot he was on suicide watch,

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Speaker 1: and oh were there sheets in there? How'd sheets get

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Speaker 1: in there? And when you see that, and then the

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Speaker 1: very next day, figure had Biden says, well, if it's

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Speaker 1: a bad cold, I guess I won't run after the

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Speaker 1: failed attempt. That should probably have an effect on the

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Speaker 1: stock market because this goes full on. It's not banana

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Speaker 1: Republic anymore. This is like smashed banana salad Republic. Yeah, yeah,

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Speaker 1: it didn't.

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Speaker 3: Now I remember. And this is kind of what I've

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Speaker 3: been telling people is politics matter a lot less than

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Speaker 3: you think in a scenario where the Federal Reserve and

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Speaker 3: the federal government engaged in what they do. And I

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Speaker 3: think one of the things that people need to remember

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Speaker 3: is remember, Rome did not collapse because prices went down.

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Speaker 2: Right.

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Speaker 3: Rome collapsed because prices went up. Okay, right the end

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Speaker 3: of every empire. And you can go, we can be

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Speaker 3: talking about the British Empire, we can be talking about

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Speaker 3: you can go, you can go thousands of years back

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Speaker 3: and trace this to Chinese dynasties. The number one reason

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Speaker 3: that you had dynastic turnover back in the Chinese dynastic

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Speaker 3: days was inflation, currency collapse. And so, to be clear,

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Speaker 3: and I've been I've been pretty vociferous about this, We're

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Speaker 3: not on the edge of a currency collapse because we're

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Speaker 3: still the clean We're winning a race by default. But

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Speaker 3: you know what's driven the primary driver of assets. I mean,

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Speaker 3: for first of all, you've had unbelievably profitable companies unlike

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Speaker 3: anything we've ever seen over the last thirteen to fourteen years,

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Speaker 3: So you can't look past that. But generally speaking, what's

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Speaker 3: driving asset prices is you know, our government spending six

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Speaker 3: and a half to seven percent deficits to GDP, right,

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Speaker 3: I mean, the stock market did pretty well during the

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Speaker 3: forties as well. In the middle of World War Two. Why,

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Speaker 3: I mean, the government was just printing money like nobody's business, right,

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Speaker 3: and for different reasons that was that was that was

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Speaker 3: actually more investment, right. They were investing in US being

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Speaker 3: the you know, the sovereign, the world reserve currency. They

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Speaker 3: were investing in US being the military superpower of the

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Speaker 3: next seventy eighty years. So it's not a good comp

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Speaker 3: meaning I think the reason we were spending what we

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Speaker 3: were spending, when you consider our budgets at the time,

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Speaker 3: I think they're spending and deficits we ran in World

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Speaker 3: War two were more than justified. And it's precisely why

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Speaker 3: you build a surplus. We didn't have a surplus at

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Speaker 3: the time, we were coming out of the Great Depression,

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Speaker 3: but you know, debt is a percentage GDP. He was

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Speaker 3: a fraction of what it is now. So but but

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Speaker 3: you know, at the end of the day, the other

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Speaker 3: thing is is that when you've had what we're in

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Speaker 3: very undiscovered country right now as a country as far

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Speaker 3: as the financial markets are concerned, because in our country,

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Speaker 3: you've averaged the recession every seven years. We haven't had

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Speaker 3: a proper recession since oh eight o nine, right, longest

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Speaker 3: bull run, biggest bull market run in history. And people

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Speaker 3: buy stocks because they go up right, nobody's doing the

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Speaker 3: fundamental analysis. So literally it's going to take you know,

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Speaker 3: a bucket of cold water, which could take the form of,

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Speaker 3: you know, increased political tensions. You know, the fear right now,

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Speaker 3: a average investor doesn't have a fear of losing money

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Speaker 3: in the market. They have they have a fear of

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Speaker 3: not being invested enough in the big names. And until

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Speaker 3: that behavior shifts and you could see it starting to happen. Now,

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Speaker 3: I mean, I'm not making a call here, it's it's

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Speaker 3: a fool's errand to try to predict short term market

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Speaker 3: movements and things of that nature. But you know, I

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Speaker 3: think what you could have is you could have a

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Speaker 3: beginning of market starting to look at more normal things,

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Speaker 3: starting to pay attention to more fundamentals. But yeah, no,

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Speaker 3: it didn't blink, And quite honestly, it didn't surprise me

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Speaker 3: that it didn't blink.

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Speaker 1: Then you see the transfer of power that fourteen million

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Speaker 1: people voted for the figurehead. He was the presumptive dominee.

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Speaker 1: And then it's oh, yeah, never mind.

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Speaker 3: Now it's that's how they save democracy.

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Speaker 1: Talk right right. A metaphor occurred to me as you

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Speaker 1: were speaking about the no real recession. There's a metaphor.

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Speaker 1: Let me think through. This is just let me formulate.

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Speaker 1: This is my mind, and it's related to the natural world.

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Speaker 1: It's related to natural resources. I've been telling people this

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Speaker 1: week about when you were in here, you said our

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Speaker 1: studios smelled like a natural resource and it was ozone.

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Speaker 1: You came in your exact words, and I wish I

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Speaker 1: had you in camera. Was wow, it smells like a

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Speaker 1: thunderstorm here and you didn't script that. That was just

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Speaker 1: so cool. The studio does smell that way. It doesn't

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Speaker 1: smell like Jim clothes. This week. I'm doing my twenty

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Speaker 1: four hour workout this weekend, by the way, so in

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Speaker 1: prepping for that, I did two. Of course this morning, sure,

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Speaker 1: or three, I forget what day it is, but it

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Speaker 1: came in and I know I stunk, so I did

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Speaker 1: take a swim before I came in. And don't you

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Speaker 1: smell just really good? When you stink of trout slime,

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Speaker 1: that's when you know you smell good. But thank god

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Speaker 1: we've got the thunderstorm two. This is the device that

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Speaker 1: is producing ozone as we speak, and right now it's

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Speaker 1: producing enough ozone to mask the fact that we're six

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Speaker 1: hours into recording today and coffee breath all that. You

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Speaker 1: probably have worse smells in your house. So you have cats,

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Speaker 1: I guarantee you do. If you have cigarettes no offense

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Speaker 1: or cigars, I guarantee you have worse smells. This can

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Speaker 1: negate it. If it can negate kid puke on a

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Speaker 1: seat in the sun at one hundred and three degrees

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Speaker 1: for two days in Idaho, which it did, it can

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Speaker 1: negate whatever is in your house, including, by the way, viruses.

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Speaker 1: This is the actually leave to thunderstorm device. Here's how

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Speaker 1: to get a massive savings three devices whole home coverage

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Speaker 1: at a two one hundred dollars savings. Just click over

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Speaker 1: to Eatinpeer deals dot com and enter code Todd three

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Speaker 1: couldn't be easier. My name two d D number three

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Speaker 1: is eating peer deals dot com US code Todd three.

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Speaker 1: Breathe a breath of fresh air again, eatingper deals dot com.

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Speaker 1: Code Todd three zat Cabraham's with us chief and the

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Speaker 1: best officer. But we're capital management. All right, here's the

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Speaker 1: help me understand this. Then I want to get onto.

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Speaker 1: Do you believe the secret Service? They tried their very

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Speaker 1: very very very best list and your assessment of cami.

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Speaker 1: If you know forest management, you know you thin your forests.

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Speaker 1: We just did this in our in our timber is.

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Speaker 1: We had a company come out who knows how to

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Speaker 1: you know, fell big trees, and they've they fell probably

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Speaker 1: six of our trees, and now I'm busy turning them

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Speaker 1: into firewood. They've sat the season, they've they've been become

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Speaker 1: seasoned and dried out. And those guys that came out,

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Speaker 1: they looked at our property and they said, okay, over here,

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Speaker 1: this is all defensive, but you've got a really good

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Speaker 1: defensible property. These are the trees that are dangerous. These

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Speaker 1: are the ones we'd trimmed limbs on because limbs explode.

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Speaker 1: These can land on your house on the west coast,

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Speaker 1: they stop doing that. They wouldn't let the fires start naturally,

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Speaker 1: so when lightning came, they'd send in the airplanes and

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Speaker 1: stop the fires. They wouldn't manage the forest naturally. They

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Speaker 1: wouldn't let people harvest the forest naturally, because we are

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Speaker 1: meant to harvest forests. We live here, We're designed to

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Speaker 1: live here. We're designed to use wood just as much

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Speaker 1: as beaver's are designed to eat it. We're designed to

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Speaker 1: use it to build. And all of a sudden, you

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Speaker 1: have these massive, massive fires like we've never seen before.

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Speaker 1: So I'm looking at the refusal to allow natural results

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Speaker 1: in an economy, a natural recession building up tinder and

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Speaker 1: there's this tinderbox economy. I mean, is that a tortured metaphor.

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Speaker 3: It's not a tortured metaphor, And I honestly don't think

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Speaker 3: it's been tortured enough. Meaning it's the arrogance and the

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Speaker 3: hubris of man that thinks that they know, you know,

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Speaker 3: we have to avoid recession. Recession isn't good for people.

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Speaker 3: And you're like, man, that's that's kind of an odd

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Speaker 3: observation to take, considering that we've previously managed things in

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Speaker 3: a way that we let these things run their course,

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Speaker 3: and we've developed the most dynamic, strongest economy in the

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Speaker 3: history of mankind. So it's kind of odd to sit

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Speaker 3: there and say, yeah, but that approach didn't work. Well,

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Speaker 3: we need to do better. Right. It's a strange thing,

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Speaker 3: and especially when you consider the when you consider the

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Speaker 3: social costs, right, like meaning, I guarantee you and actions

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Speaker 3: not been the same as they were in eight oh nine,

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Speaker 3: and the FED and the federal government would have played

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Speaker 3: it differently since then. I don't know exactly where we

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Speaker 3: would be socially or culturally, but I guarantee you we

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Speaker 3: wouldn't be in the same place. And what I mean

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Speaker 3: by that is it would most assuredly would be somewhat better.

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Speaker 2: Right.

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Speaker 3: And so everybody, you know, everybody thinks that they know,

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Speaker 3: you know, especially these economists, especially Ivy League economists, right,

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Speaker 3: they're the brightest guys in the room. Just to ask them,

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Speaker 3: so they know what's good. And when you sit there

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Speaker 3: and you when it's always dessert, and like you said,

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Speaker 3: when it's when we're never thinning out the herd. I mean,

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Speaker 3: it's a natural law. You see it everywhere, right when

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Speaker 3: you let herds of animals go unchecked and not challenged.

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Speaker 3: You see disease and crazy things pop up, and mutations

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Speaker 3: and all kinds of things that aren't natural because you know,

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Speaker 3: you know, even if you're into Eastern religions, right, the

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Speaker 3: Yin and yang, same idea, you get the good and

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Speaker 3: the bad. And you know, I think it's a scary thing.

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Speaker 3: And I think the other thing that you add into it.

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Speaker 3: You know, I was sitting I don't know if you

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Speaker 3: and I ever had a conversation but about this, but

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Speaker 3: I was sitting there. I think my wife and I

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Speaker 3: were watching a sermon or something this weekend, and it

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Speaker 3: just a random idea popped into my head where I went,

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Speaker 3: you know, so you add all this overreaction and all

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Speaker 3: of this interference from government and government agencies, the Federal Reserve,

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Speaker 3: everything that we know that's gone on, quantitative easing, and

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Speaker 3: then you add on top of that the advent and

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Speaker 3: the birth of social media. Right, So I started thinking

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Speaker 3: about social media and I thought, you know, social media

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Speaker 3: really is the modern tower of babble. Yeah right, it's

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Speaker 3: even crazy if you think about the metaphors. Right, most

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Speaker 3: of us get our social media information via satellite feed.

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Speaker 3: Maybe not directly to our phone, but inadvertently, right, it

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Speaker 3: gets course through it. Well, what was the Tower of Babel.

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Speaker 3: It was a tower that reached all the way up

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Speaker 3: to the sky. Kind of a creepy comparison, right, it

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Speaker 3: reached up to the sky. Well, what was up in

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Speaker 3: the sky? And man sat back and marveled at their ingenuity,

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Speaker 3: and then as a curse, they were broken into factions. Well,

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Speaker 3: what's happened to our culture? It's become so much more tribalistic.

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Speaker 3: We've been broken into factions to the point where we

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Speaker 3: can't even communicate anymore. The common langu which has been lost, right,

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Speaker 3: the divelop, common language and pull. You know, a whole

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Speaker 3: a whole group of young people believe in communism is

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Speaker 3: superior to capitalism. You just sit back and you watch

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Speaker 3: human behavior doesn't change. And at every corner, at every turn,

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Speaker 3: humans think they can change it, that they can dictate it,

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Speaker 3: that we can get all fluff and no substance, and

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Speaker 3: there's no consequence for it, you know, and here we are.

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Speaker 3: It was It was one of those things where I

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Speaker 3: just kept rolling that analogy through my head and I went,

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Speaker 3: holy smokes, you know, social media and the Internet, the

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Speaker 3: combo of the two truly have been the advent of

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Speaker 3: the uh. You know, it's the modern day tower of Babbel,

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Speaker 3: and you know, and then you put put the political

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Speaker 3: response to all the different things and that they've done

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Speaker 3: economically and politically, and it's no wonder that this country

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Speaker 3: is in the place that it's appen.

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Speaker 1: So it's a wonderful way to put it, the Tower

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Speaker 1: of Babbel that we don't even have a common, of

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Speaker 1: course definition of truth. And this is much bemoans. I

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Speaker 1: want to toss something and insert it in your mind

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Speaker 1: and have you think about this, this metaphor of the

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Speaker 1: dry tender. So I'm thinking about what industries represent the

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Speaker 1: most dry tender. For instance, I think of the fragility

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Speaker 1: of our banking system. Truly, we know it's fragile because

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Speaker 1: they have to continue this trust tests and continue to

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Speaker 1: pump in Monday. I'm thinking of the tenuous nature of

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Speaker 1: commercial real estate in some of these cities that are

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Speaker 1: being gutted. And I think purposely with this crime, so

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Speaker 1: I wanted to just have you think about where is

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Speaker 1: the most dry tender? That one match just boom blows

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Speaker 1: this up. And it could be tech. It could be

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Speaker 1: these seven companies that get you know, these automatic forty percent.

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Speaker 1: I think of our investment moneies through these electronic training

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Speaker 1: fund funds. So where is that dry tender? Think about

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Speaker 1: that for a second. Let me give a health metaphor

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Speaker 1: that I think people have these sort of secrets, not secret,

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Speaker 1: but asymptomatic conditions and their dry tender. You might, for instance,

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Speaker 1: feel very sluggish, very slow, kind of brain fogged. And

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Speaker 1: if that is the case and you are overweight to obese,

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Speaker 1: you might have asymptomatic fatty liver. Here's all this means.

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Speaker 1: You can make it as fancy as you want. I'll

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Speaker 1: make it clear as I can. Your liver has too

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Speaker 1: much fat around it. It's putting pressure on the organ.

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Speaker 1: The organ cannot do its job, it cannot properly filter blood.

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Speaker 1: And when that happens, now you get into this case

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Speaker 1: you want to talk dry tender. At some point your

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Speaker 1: blood becomes x amount poorly filtered, and now you have

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Speaker 1: a real problem. It's not just sluggishness. So fortunately there's

326
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Speaker 1: a liver health forma that contains eleven clinically proven botanicals

327
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Speaker 1: that help protect your liver can help you lose the

328
00:17:55,759 --> 00:17:59,000
Speaker 1: belly fat which is likely the cause of fatty liver

329
00:17:59,519 --> 00:18:04,720
Speaker 1: before it degresses your body into a liver disease, which

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Speaker 1: you do not want. This is not something you should

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00:18:07,400 --> 00:18:09,279
Speaker 1: take for your entire life. This is a step gap

332
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Speaker 1: measure to protect yourself from liver disease. And here's what

333
00:18:12,319 --> 00:18:14,960
Speaker 1: you can do. Is you go to get liverhelp dot

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Speaker 1: com slash todd, you buy a thirty day supply of this.

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336
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337
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Speaker 1: your order and a bottle of blood sugar formula to

338
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Speaker 1: help you maintain good blood sugar. So again, that's a

339
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Speaker 1: thirty day supply at getliverhelp dot com slash todd or

340
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Speaker 1: free bottle blood Sugar Formula three plus another free bonus

341
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Speaker 1: gift get to get liverhelp dot com slash todd. That's

342
00:18:40,839 --> 00:18:43,480
Speaker 1: get liverhelp dot com slash todd. And don't let this

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Speaker 1: dry tinder exists within your body now, Zach. We know

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Speaker 1: that we can see bank failures again and again. We

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Speaker 1: know that they leap into rescue because it defines too

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Speaker 1: big to fail. That seems to me to be a great, big,

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Speaker 1: huge patch of super dry tinder right under a failed

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Speaker 1: or about to fail electrical transmission system. That industry seems

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Speaker 1: to me to be the one that's the most clearly

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Speaker 1: dry tender. Are there others?

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Speaker 3: No? No, And I don't think I don't think that

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Speaker 3: anybody knowledgeable of the system could could argue with you

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Speaker 3: because that banking system. I mean, think about what we

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Speaker 3: saw last year, right, you literally had a scenario where

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Speaker 3: without the and to some degrees you need something like this,

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Speaker 3: but we've just gone way overboard. But you had a

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Speaker 3: scenario where you were going to watch the vast majority

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Speaker 3: of the regional banking system in our company collapse last

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Speaker 3: year twenty twenty three. And had you not been able

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Speaker 3: to do what, had you not been able to print money? Right?

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Speaker 3: So when I look at all of it, I think

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Speaker 3: the biggest dry tender area in our entire economy is

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Speaker 3: that when we run into problems, which we eventually will

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Speaker 3: eventually can be a longer period of time than most

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Speaker 3: people think. But when you run into a scenario where

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Speaker 3: we just can't print money anymore, we've built in us,

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Speaker 3: We've built an economy and a financial system that is

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Speaker 3: reliant on that, and I really don't. I really think

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Speaker 3: that that's beyond the point of being able to debate that. Right,

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Speaker 3: the assumption that the players have is that that ability

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Speaker 3: to print money will never not be there. So yeah,

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Speaker 3: the banking system, I mean, look, you had, you had

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Speaker 3: a FED funds rate go to five and a quarter percent,

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Speaker 3: and that almost toppled your entire regional banking system. I

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Speaker 3: think that should tell you everything you need to know.

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Speaker 1: So explain people. There are people who are very sophisticated

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Speaker 1: who get that. But the FED rate goes to what.

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Speaker 3: Five and a course so we went from zero percent. Now,

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Speaker 3: granted it was a very fast move and that's going

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Speaker 3: to be hard on banks, but it was the most

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Speaker 3: telegraph move, meaning we have had several investments that made

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Speaker 3: money on bod down and on interest rates going up

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Speaker 3: because you had inflation at forty year highs and you

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Speaker 3: knew that the FED had no choice but to raise

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Speaker 3: interest rates. Right. Well, then you looked over and you

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Speaker 3: saw these You saw these regional banks that owned a

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Speaker 3: bunch of long duration meaning they owned long term bonds

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Speaker 3: that get hit the hardest, and that was the underlying

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Speaker 3: collateral of their assets. Stack, and all of a sudden,

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Speaker 3: those banks started tipping over. And one of the reasons

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Speaker 3: they did that is because the FED is a nesthetized risk.

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Speaker 3: They've sanitized risk for so long. Right, So you and

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Speaker 3: I talked about it at the time. It's Silicon Valley Bank.

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Speaker 3: Remember who their head risk manager was.

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Speaker 1: Yeah, she was working on a gay pride year decade century.

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Speaker 3: Right, right, yeah, and so their bank blew up, shocker.

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Speaker 2: Right right.

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Speaker 3: So so.

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Speaker 1: So let me see it this way then, Okay, I

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Speaker 1: want to just compare this. Our food prices, core food

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Speaker 1: prices have gone up twenty nine percent, right, and so

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Speaker 1: they removed food and energy from the CPI, the consumer

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Speaker 1: price indecks. Oh, the Consumer Price Index is fine, but

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Speaker 1: the and families are expected to absorb a twenty nine

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Speaker 1: percent increase in food costs and to not topple a

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Speaker 1: bank system sees a five and a half percent increasing

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Speaker 1: cost and it nearly topples them that they expect us

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Speaker 1: to stomach a twenty nine percent increase in food thirty

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Speaker 1: nine percent in energy. Right Okay, Right, that's tinderbox man.

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Speaker 1: All that takes is like six percent. If defence is

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Speaker 1: it has to be six percent. How many banks would

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Speaker 1: we lose if they didn't come and bail that out

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Speaker 1: until sometime, as you said, they reached a point where wakshu,

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Speaker 1: we don't have the money.

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Speaker 3: Yeah, I mean, if you if you played it straight up,

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Speaker 3: if they couldn't bail them out, I mean that five

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Speaker 3: and a half to six percent is proven to be

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Speaker 3: the breaking point. Now, I'm sure a lot of those banks,

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Speaker 3: I'm sure that mark is a bit higher now because

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Speaker 3: a lot of those banks, you know, obviously realized how

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Speaker 3: close they were to destruction. So I'm sure that they've

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Speaker 3: I would think and hope that they've made some adjustments

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Speaker 3: to their risk management processing, yeah, which I'm sure the

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Speaker 3: vast majority of them I have. But no, that's that's

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Speaker 3: the thing. And this is the thing about fragility, right,

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Speaker 3: it's it's it's I don't know if you were the

427
00:23:11,079 --> 00:23:13,759
Speaker 3: one telling this story, but they didn't experiment one time

428
00:23:14,119 --> 00:23:17,759
Speaker 3: where they were growing trees in this bubble, right, and

429
00:23:17,799 --> 00:23:21,440
Speaker 3: they were trying to curate the ultimate environment. And what

430
00:23:21,480 --> 00:23:23,440
Speaker 3: they saw is when they took the bubble away, even

431
00:23:23,440 --> 00:23:26,000
Speaker 3: the slightest wind would come along and just level the trees.

432
00:23:26,079 --> 00:23:29,359
Speaker 3: Why because they hadn't faced any fires they hadn't faced

433
00:23:29,400 --> 00:23:33,960
Speaker 3: any resistance, right, and and and that sanitization of risk

434
00:23:34,559 --> 00:23:38,359
Speaker 3: is inherently making the system more fragile. It just has

435
00:23:38,440 --> 00:23:41,839
Speaker 3: to write because if I'm not worried about this consequence,

436
00:23:42,279 --> 00:23:47,200
Speaker 3: if I'm holding back the waters, that's a temporary measure. Right, Eventually,

437
00:23:47,240 --> 00:23:50,039
Speaker 3: my ability to hold back or put enough fingers in

438
00:23:50,079 --> 00:23:52,599
Speaker 3: the dike, or to hold back the waters that those

439
00:23:52,599 --> 00:23:56,960
Speaker 3: are temporary measures. Now, temporary can get distorted because temporary

440
00:23:57,000 --> 00:23:59,200
Speaker 3: can last again it you know, it can last much

441
00:23:59,279 --> 00:24:03,000
Speaker 3: longer than people think. But the inevitability of temporary measures

442
00:24:03,000 --> 00:24:08,920
Speaker 3: failing is so you by definition, you are creating a

443
00:24:09,000 --> 00:24:13,759
Speaker 3: more fragile society. And you're doing it because of the

444
00:24:13,799 --> 00:24:19,039
Speaker 3: inconvenience of hardship over the short term. And yeah, I mean,

445
00:24:19,480 --> 00:24:22,960
Speaker 3: look the the you're gonna reap the you're gonna reap

446
00:24:22,960 --> 00:24:25,640
Speaker 3: the the the what's the term, I'm blamd. We're going

447
00:24:25,680 --> 00:24:26,559
Speaker 3: to reap the whirlwind.

448
00:24:27,000 --> 00:24:28,039
Speaker 1: Yeah, reap the world win.

449
00:24:28,799 --> 00:24:32,680
Speaker 3: And it's inevitable. And eventually the pressure release will be inflation.

450
00:24:32,799 --> 00:24:35,240
Speaker 3: It will be the degradation of the US dollar versus

451
00:24:35,319 --> 00:24:38,839
Speaker 3: other currencies. We've already seen the inflationary part, haven't seen

452
00:24:38,880 --> 00:24:41,000
Speaker 3: the degradation of the US dollar. Yet I mean the

453
00:24:41,000 --> 00:24:43,359
Speaker 3: dollar index is still at one oh five. And again

454
00:24:43,400 --> 00:24:45,240
Speaker 3: people are shocked when I tell them that, But it's

455
00:24:45,400 --> 00:24:47,839
Speaker 3: the only reason it's there. It's not a it's not

456
00:24:47,880 --> 00:24:49,920
Speaker 3: a tip of the cap to how we're doing things

457
00:24:50,000 --> 00:24:52,079
Speaker 3: or a vote of confidence for how we're doing things.

458
00:24:52,400 --> 00:24:54,480
Speaker 3: It has to do with the fact we're the world

459
00:24:54,599 --> 00:24:56,920
Speaker 3: reserve currency and we're still the clean is dirty shirt.

460
00:24:58,200 --> 00:25:01,119
Speaker 3: So you know, the other the other tinder. It's something

461
00:25:01,119 --> 00:25:03,480
Speaker 3: that could feed right into that is the lack of

462
00:25:03,519 --> 00:25:07,279
Speaker 3: investment in the natural resources right. Another way that they've

463
00:25:07,279 --> 00:25:10,119
Speaker 3: made the system more fragile is when you get in

464
00:25:10,160 --> 00:25:13,279
Speaker 3: there and start distorting things on a financial level. What

465
00:25:13,359 --> 00:25:16,720
Speaker 3: you're what you are inadvertently incentivizing is what we refer

466
00:25:16,759 --> 00:25:20,279
Speaker 3: to as the misallocation of capital, meaning think of all

467
00:25:20,359 --> 00:25:24,759
Speaker 3: the VC money that has poured into even some really stupid,

468
00:25:24,880 --> 00:25:27,359
Speaker 3: ridiculous nonsense. Look at all the people, Look at all

469
00:25:27,359 --> 00:25:31,000
Speaker 3: the money that that that that flew into FTX, which

470
00:25:31,079 --> 00:25:34,839
Speaker 3: was a complete sham. And anybody that had ever navigated

471
00:25:35,319 --> 00:25:40,599
Speaker 3: microcap companies or microcap natural resource companies, you could see

472
00:25:40,680 --> 00:25:43,519
Speaker 3: what these guys were doing. It was literally like watching

473
00:25:43,880 --> 00:25:46,480
Speaker 3: a pump and dump scheme in the penny markets. And

474
00:25:46,799 --> 00:25:49,920
Speaker 3: you know, and you had prominent people and investors throwing

475
00:25:49,960 --> 00:25:52,880
Speaker 3: money into the FTX, and me and other buddies I

476
00:25:52,920 --> 00:25:55,279
Speaker 3: know that were managing money, you know, six eight months

477
00:25:55,319 --> 00:25:58,240
Speaker 3: before it collapsed. We're allsot there going, hey, this is

478
00:25:58,279 --> 00:26:00,839
Speaker 3: a this is a pondly scheme, man, right, watch this

479
00:26:00,880 --> 00:26:05,279
Speaker 3: thing get a collapse. And and and people are just

480
00:26:05,519 --> 00:26:09,240
Speaker 3: death to those to those warnings because again, you just

481
00:26:09,359 --> 00:26:12,720
Speaker 3: run around and sanitize risk for so long that everybody

482
00:26:12,799 --> 00:26:13,759
Speaker 3: just thinks stocks go.

483
00:26:13,839 --> 00:26:16,799
Speaker 1: Up, and this is the thing is like I'm picturing now,

484
00:26:17,160 --> 00:26:21,319
Speaker 1: I'm picturing not the power lines above the banking sector,

485
00:26:22,200 --> 00:26:24,680
Speaker 1: power lines that are going to fail. That's one tinder box.

486
00:26:24,920 --> 00:26:28,359
Speaker 1: But you mentioned FTX. Where there's one, there's more. And

487
00:26:28,440 --> 00:26:30,160
Speaker 1: if you ever do a drive around with like a

488
00:26:30,240 --> 00:26:32,920
Speaker 1: if you go into rural areas with a fire chief

489
00:26:32,920 --> 00:26:36,039
Speaker 1: for someone who works in forest fire management, they will

490
00:26:36,119 --> 00:26:37,839
Speaker 1: drive by a house and go see that right there?

491
00:26:37,880 --> 00:26:41,960
Speaker 1: What you don't see it? I see like someone's working

492
00:26:41,960 --> 00:26:44,599
Speaker 1: on their land. They've got a caterpillar up there, right.

493
00:26:45,440 --> 00:26:46,039
Speaker 1: Do you see that?

494
00:26:47,839 --> 00:26:48,000
Speaker 3: Oh?

495
00:26:48,079 --> 00:26:51,480
Speaker 1: Is that a fuel container? Yeah, that's a fuel container.

496
00:26:52,160 --> 00:26:56,559
Speaker 1: Do you see that propane tank. Oh okay, so that's

497
00:26:56,640 --> 00:26:59,880
Speaker 1: right next to the fuel container. Right, Do you see

498
00:27:00,079 --> 00:27:02,359
Speaker 1: what can happen here? Very very lickety splits?

499
00:27:03,119 --> 00:27:03,319
Speaker 2: Right?

500
00:27:03,839 --> 00:27:09,200
Speaker 1: You see that fuel container, it catches fire, There is

501
00:27:09,319 --> 00:27:13,599
Speaker 1: a spark from that caterpillar. It catches fire. That plastic

502
00:27:13,640 --> 00:27:18,119
Speaker 1: fuel container melts, that thing goes up, and it's twenty

503
00:27:18,119 --> 00:27:21,960
Speaker 1: five yards from a two thousand gallon propen tank. That's

504
00:27:22,000 --> 00:27:25,920
Speaker 1: what they see. So I'm thinking of more ftxs because

505
00:27:25,920 --> 00:27:28,279
Speaker 1: where there's some, there's more. And it's not that these

506
00:27:28,319 --> 00:27:30,720
Speaker 1: are bad people. It's just that people like they've been

507
00:27:30,759 --> 00:27:33,480
Speaker 1: lulled into this. It's never happened so far, so it

508
00:27:33,519 --> 00:27:36,200
Speaker 1: won't ever happen. So I want to talk about more ftx's,

509
00:27:36,359 --> 00:27:38,960
Speaker 1: But I also want to get back into this came

510
00:27:39,079 --> 00:27:41,960
Speaker 1: Harris fever that's sweeping the country. And from your view

511
00:27:42,000 --> 00:27:44,319
Speaker 1: as a guy who helps manage executive teams and sits

512
00:27:44,359 --> 00:27:48,839
Speaker 1: on boards, do you believe that this was a voluntary

513
00:27:48,880 --> 00:27:51,160
Speaker 1: transfer of power? And what's your sense is on that?

514
00:27:51,200 --> 00:27:54,039
Speaker 1: Will continue to talk with Zach Abraham, Chief and Vestment

515
00:27:54,039 --> 00:27:57,039
Speaker 1: Officer Capital Management. I am, as I said to Zach,

516
00:27:57,079 --> 00:27:58,400
Speaker 1: I'm planning my twenty.

517
00:27:58,079 --> 00:27:59,039
Speaker 3: Four hour workouts.

518
00:27:59,359 --> 00:28:03,480
Speaker 1: We made the go no go decision yesterday, and it

519
00:28:03,559 --> 00:28:08,039
Speaker 1: was my coach and my sports med guy, my friend.

520
00:28:08,039 --> 00:28:10,920
Speaker 1: Both of them are friends. We had this group discussion.

521
00:28:11,519 --> 00:28:12,359
Speaker 1: Are we gonna do this?

522
00:28:12,519 --> 00:28:12,759
Speaker 2: Yes?

523
00:28:13,599 --> 00:28:15,200
Speaker 1: Do I have time to recover before I go to

524
00:28:15,240 --> 00:28:15,720
Speaker 1: seal Fit?

525
00:28:15,880 --> 00:28:16,079
Speaker 3: Yes?

526
00:28:16,920 --> 00:28:19,279
Speaker 1: Am I going to improve my body doing this?

527
00:28:19,440 --> 00:28:19,519
Speaker 2: No?

528
00:28:20,200 --> 00:28:21,359
Speaker 1: Am I going to get stronger?

529
00:28:21,480 --> 00:28:21,559
Speaker 3: No?

530
00:28:22,400 --> 00:28:23,640
Speaker 1: Am I going to gain more skill?

531
00:28:23,759 --> 00:28:23,839
Speaker 3: No?

532
00:28:24,160 --> 00:28:27,119
Speaker 1: One thing and one thing only mental. I can work

533
00:28:27,160 --> 00:28:30,480
Speaker 1: out for twenty four hours. Therefore, seal Fit's going to

534
00:28:30,519 --> 00:28:32,519
Speaker 1: be hard. It's going to suck, and I choose to

535
00:28:32,559 --> 00:28:34,759
Speaker 1: thrive in that environment. I want to be a contributor

536
00:28:34,799 --> 00:28:36,640
Speaker 1: to the team. I do not want to drag the

537
00:28:36,680 --> 00:28:38,400
Speaker 1: team down. I want to be able to help these

538
00:28:38,440 --> 00:28:40,799
Speaker 1: young guys in any way I can, even though there's

539
00:28:40,839 --> 00:28:44,119
Speaker 1: no chance that I'm going to gain physical skill over them.

540
00:28:44,160 --> 00:28:47,480
Speaker 1: But I can do this. I can prep for this

541
00:28:47,839 --> 00:28:51,640
Speaker 1: using the Native Path collagen. This is going to be

542
00:28:51,680 --> 00:28:54,640
Speaker 1: part of my prep Clearly, I'm going to really hydrate. Clearly,

543
00:28:54,680 --> 00:28:56,599
Speaker 1: I'm going to rest two weeks before I go down.

544
00:28:56,799 --> 00:28:58,640
Speaker 1: But you better believe I'm gonna be drinking the heck

545
00:28:58,640 --> 00:29:02,160
Speaker 1: out of Native Path College, which is a single ingredient formula.

546
00:29:02,200 --> 00:29:06,119
Speaker 1: It has no fillers, no additives, no artificial sweeteners. It's

547
00:29:06,200 --> 00:29:09,880
Speaker 1: third party certified and they look for heavy metals to

548
00:29:09,920 --> 00:29:12,759
Speaker 1: make sure that they've got safety at the heart of this,

549
00:29:13,519 --> 00:29:16,160
Speaker 1: and it's completely flavorless. You can mix it into anything,

550
00:29:16,279 --> 00:29:18,720
Speaker 1: you can put it into food, into drink, and it

551
00:29:18,799 --> 00:29:23,079
Speaker 1: is scientifically back. They're formingly scientifically back to increase bone

552
00:29:23,119 --> 00:29:25,519
Speaker 1: mineral density, so I'm less likely to break a bone

553
00:29:25,640 --> 00:29:28,720
Speaker 1: when I fall off of some obstacle course thing at

554
00:29:28,759 --> 00:29:31,039
Speaker 1: four o'clock in the morning with sandal over my feet.

555
00:29:31,559 --> 00:29:35,759
Speaker 1: It accelos, accellates tissue recovery, and for me, when you

556
00:29:35,799 --> 00:29:38,960
Speaker 1: take collagen before a big workout, in this case fifty

557
00:29:39,000 --> 00:29:42,880
Speaker 1: hours of workout or so, you end up not destroying

558
00:29:42,920 --> 00:29:46,680
Speaker 1: your joints. So right now you can visit get nativepath

559
00:29:46,720 --> 00:29:49,319
Speaker 1: dot com slash todd. You can stock up a Native

560
00:29:49,319 --> 00:29:52,039
Speaker 1: Path collegen for an incredible savings of up to forty

561
00:29:52,480 --> 00:29:56,839
Speaker 1: five percent off plus free shipping. Every order comes with

562
00:29:56,839 --> 00:29:58,799
Speaker 1: the three hundred and sixty five day money back guarantee,

563
00:29:58,839 --> 00:30:01,000
Speaker 1: so you can try it risk free to day. Website

564
00:30:01,000 --> 00:30:04,000
Speaker 1: again is get nativepath dot com slash todd save up

565
00:30:04,000 --> 00:30:07,279
Speaker 1: to forty five percent off Nativepath college and get nativepath

566
00:30:07,559 --> 00:30:10,960
Speaker 1: dot com slash todd. So that was my METAPHORZAC. This

567
00:30:11,079 --> 00:30:13,759
Speaker 1: latest one is it's a rural property. Guys got his

568
00:30:13,839 --> 00:30:16,720
Speaker 1: caterpillar over here. Right next to it a fuel container

569
00:30:16,759 --> 00:30:19,200
Speaker 1: of plastic and about twenty five yards from that a

570
00:30:19,240 --> 00:30:22,200
Speaker 1: two thousand dollars propane two thousand gallon propane tank. Fire

571
00:30:22,200 --> 00:30:26,519
Speaker 1: inspector sees that. Here's what he sees. Tree falls, hits

572
00:30:26,519 --> 00:30:30,200
Speaker 1: that fuel tank, causes a spark off the caterpillar. This

573
00:30:30,279 --> 00:30:33,680
Speaker 1: whole hill's on fire in about fifteen seconds. That propane

574
00:30:33,720 --> 00:30:36,039
Speaker 1: tank is going to explode. Let's not got explode in

575
00:30:36,039 --> 00:30:38,759
Speaker 1: fifteen seconds, but it's surrounded by fire. There's the house,

576
00:30:39,160 --> 00:30:42,119
Speaker 1: there's the hill of four hundred acres of dry tender

577
00:30:42,279 --> 00:30:44,319
Speaker 1: up the hill and three more houses. And guess what

578
00:30:44,400 --> 00:30:47,400
Speaker 1: they have two thousand to five thousand dollars propane tanks

579
00:30:47,880 --> 00:30:50,400
Speaker 1: a gallon propane tanks up there and they've got twenty

580
00:30:50,440 --> 00:30:52,920
Speaker 1: to twenty five people and behind that is a million

581
00:30:52,960 --> 00:30:56,599
Speaker 1: acres and a bunch of other homes. So with FTX

582
00:30:56,640 --> 00:31:00,079
Speaker 1: out there, do you think there are more ftxsan a

583
00:31:00,200 --> 00:31:03,359
Speaker 1: dry tender? And do you think that my podcast viewers,

584
00:31:03,519 --> 00:31:05,680
Speaker 1: podcast family, do you think they're invested in these things.

585
00:31:06,640 --> 00:31:09,279
Speaker 4: Oh you know, well, they certainly are, they are and

586
00:31:09,319 --> 00:31:12,759
Speaker 4: there but oh yeah yeah, by that absolutely, I mean

587
00:31:12,759 --> 00:31:15,599
Speaker 4: if they own, especially if they own index funds, and

588
00:31:15,759 --> 00:31:18,599
Speaker 4: absolutely mutual funds, and the reasons for it.

589
00:31:18,920 --> 00:31:22,559
Speaker 1: Mutual funds have FTX type things in them, Oh for sure.

590
00:31:22,720 --> 00:31:24,599
Speaker 3: Yeah, yeah, I mean, like I said, you can make

591
00:31:24,640 --> 00:31:27,319
Speaker 3: an argument that the big banks are like that, right,

592
00:31:27,359 --> 00:31:30,680
Speaker 3: Like I said, I mean, if you understand the ways

593
00:31:30,720 --> 00:31:33,240
Speaker 3: that the big banks, you know, the changes have been

594
00:31:33,240 --> 00:31:37,559
Speaker 3: made in the big banks and the way that they work. Again,

595
00:31:37,720 --> 00:31:40,880
Speaker 3: they're subject to the same issues that the regional banks

596
00:31:40,880 --> 00:31:42,839
Speaker 3: are too. They just have the implied backing of the

597
00:31:42,839 --> 00:31:46,440
Speaker 3: federal Reserve. Right, So, and and and and your analogy

598
00:31:46,519 --> 00:31:48,759
Speaker 3: of the farm and the fuel tank are great, right,

599
00:31:48,799 --> 00:31:52,359
Speaker 3: because we can dig fire ditches around there, we can

600
00:31:52,519 --> 00:31:54,599
Speaker 3: we can do all these kinds of things and convince

601
00:31:54,599 --> 00:31:58,440
Speaker 3: ourselves that we fireproof that area. Again, what do we know?

602
00:31:59,000 --> 00:32:03,039
Speaker 3: We know that eventually, right, you will get a fire

603
00:32:03,119 --> 00:32:05,960
Speaker 3: that jumps those Why, because it's what happens, It's what

604
00:32:06,160 --> 00:32:09,480
Speaker 3: life is all about. Right. And So you make the

605
00:32:09,559 --> 00:32:12,319
Speaker 3: choices of culture. Are you going to eat your seed

606
00:32:12,359 --> 00:32:14,079
Speaker 3: corn or are you going to save it. Eating seed

607
00:32:14,160 --> 00:32:15,480
Speaker 3: corn is fun, you.

608
00:32:15,440 --> 00:32:18,240
Speaker 1: Know, let's have it.

609
00:32:19,839 --> 00:32:23,279
Speaker 3: Yeah, and hey, and it's great. It makes for great times.

610
00:32:23,319 --> 00:32:26,759
Speaker 3: What's the issue next fall? You got nothing to eat? Right, So,

611
00:32:28,839 --> 00:32:31,119
Speaker 3: and that's one of the really tough things about watching

612
00:32:31,240 --> 00:32:34,359
Speaker 3: some of the decisions as country is making. And and I,

613
00:32:34,480 --> 00:32:37,519
Speaker 3: you know, I think everybody knows that I'm pretty levelheaded

614
00:32:37,559 --> 00:32:39,480
Speaker 3: about this. I don't think there are many guys out

615
00:32:39,480 --> 00:32:43,440
Speaker 3: there like me that see these issues. But then also say, look, guys,

616
00:32:44,319 --> 00:32:46,839
Speaker 3: I don't see imminent collapse of the US dollar, and

617
00:32:46,880 --> 00:32:49,200
Speaker 3: I don't think you should take your money and buy,

618
00:32:49,799 --> 00:32:52,359
Speaker 3: you know, exchange all your stocks for physical goal. Who

619
00:32:52,359 --> 00:32:55,319
Speaker 3: could have seen the disrupting the natural flow of this

620
00:32:55,440 --> 00:32:58,319
Speaker 3: economy that created the greatest economy and the most dynamic

621
00:32:58,319 --> 00:33:01,559
Speaker 3: economy in the history in the history of humankind. That

622
00:33:01,960 --> 00:33:03,920
Speaker 3: if you interfere with that because you don't like to

623
00:33:03,920 --> 00:33:06,240
Speaker 3: eat your vegetables anymore and you just want seed corn

624
00:33:06,279 --> 00:33:08,839
Speaker 3: all the time, that it's not going to be as dynamic,

625
00:33:08,920 --> 00:33:10,599
Speaker 3: it's not going to work as well, and it's probably

626
00:33:10,640 --> 00:33:12,759
Speaker 3: going to end up toppling. But of course it is.

627
00:33:12,799 --> 00:33:14,839
Speaker 3: You're not doing the same things. It's like when a

628
00:33:14,880 --> 00:33:17,160
Speaker 3: team wins the super Bowl, and all of a sudden,

629
00:33:17,160 --> 00:33:20,880
Speaker 3: they're like, hey, we're going to start doing things completely different. Okay,

630
00:33:20,920 --> 00:33:24,200
Speaker 3: well then don't expect a continued string of Super Bowls, right,

631
00:33:24,240 --> 00:33:25,200
Speaker 3: And that's what we've done.

632
00:33:25,319 --> 00:33:25,480
Speaker 2: Right.

633
00:33:25,519 --> 00:33:28,519
Speaker 3: We were a dynasty. We three peeded, we four peeded,

634
00:33:28,799 --> 00:33:30,960
Speaker 3: and then all of a sudden we decided we didn't

635
00:33:31,000 --> 00:33:33,519
Speaker 3: like training camp. Right, so we're not going to go

636
00:33:33,519 --> 00:33:35,680
Speaker 3: to training camp. We're not going to do calisthenics, we're

637
00:33:35,680 --> 00:33:37,799
Speaker 3: not going to work out. And why are we still

638
00:33:37,839 --> 00:33:40,599
Speaker 3: winning super Bowls? Well, are you an idiot? You're not

639
00:33:40,640 --> 00:33:43,079
Speaker 3: working out, man, you're not paying the price.

640
00:33:42,920 --> 00:33:45,279
Speaker 1: You just gifted me with another kind of just metaphor

641
00:33:45,279 --> 00:33:49,119
Speaker 1: that just hit me. So we continue, the government continues

642
00:33:49,160 --> 00:33:52,599
Speaker 1: to conjure fake money and put fake money into the system,

643
00:33:53,279 --> 00:33:56,079
Speaker 1: and eventually, okay, so that's working, and we're propping stuff

644
00:33:56,160 --> 00:33:59,160
Speaker 1: up and people pretending it's okay, and the Big seven

645
00:33:59,200 --> 00:34:03,839
Speaker 1: they're getting their audit amatic ETF investments. But at some

646
00:34:04,000 --> 00:34:08,880
Speaker 1: point enough fakery hits the system that it notices. For instance,

647
00:34:09,000 --> 00:34:13,000
Speaker 1: this can happen to you. You can breathe a certain

648
00:34:13,039 --> 00:34:16,920
Speaker 1: amount of carbon dioxide, Okay, no problem, you feel a

649
00:34:16,920 --> 00:34:20,119
Speaker 1: little bit lightheaded, it's not great for you. But at

650
00:34:20,119 --> 00:34:24,559
Speaker 1: a certain point, though, it's let's say five percent carbon dioxide.

651
00:34:24,920 --> 00:34:26,840
Speaker 1: Now you're like, gosh, I'm kind of having trouble catching

652
00:34:26,880 --> 00:34:29,320
Speaker 1: my breath. I don't feel that great, I feel lightheaded.

653
00:34:29,960 --> 00:34:32,639
Speaker 1: Now it's seven percent, it's nine percent, and now you're

654
00:34:32,679 --> 00:34:35,880
Speaker 1: in deep trouble, right, And eventually the room fills up

655
00:34:35,920 --> 00:34:39,519
Speaker 1: with all carbon dioxide. Now there's not enough oxygen. So

656
00:34:39,639 --> 00:34:43,000
Speaker 1: can that happen in a financial market where there is

657
00:34:43,079 --> 00:34:43,920
Speaker 1: fake money works?

658
00:34:43,920 --> 00:34:44,199
Speaker 2: Now?

659
00:34:44,840 --> 00:34:48,519
Speaker 1: Fake money can sustain us, but eventually the fake money

660
00:34:48,639 --> 00:34:50,920
Speaker 1: is like you've been sitting in a closed room and

661
00:34:50,920 --> 00:34:53,320
Speaker 1: now you're breathing what you've exhaled all this time, You're

662
00:34:53,360 --> 00:34:56,239
Speaker 1: breathing pure carbon dioxide. Does that metaphor work?

663
00:34:57,440 --> 00:35:00,000
Speaker 3: Yeah? Absolutely, And I'll just give you a perfect example

664
00:35:00,119 --> 00:35:04,280
Speaker 3: of it, which is if something if there was something

665
00:35:04,360 --> 00:35:08,400
Speaker 3: that occurred where the majority of the rest of the

666
00:35:08,440 --> 00:35:11,519
Speaker 3: world decided to go with a different currency union yep,

667
00:35:11,599 --> 00:35:15,280
Speaker 3: and the dollar, and the dollar was instantly a competitive asset,

668
00:35:16,400 --> 00:35:20,320
Speaker 3: you would see a massive economic hit to our country.

669
00:35:20,639 --> 00:35:23,199
Speaker 3: You would see a massive exodus of capital out of

670
00:35:23,199 --> 00:35:26,079
Speaker 3: our markets. Why is that because a lot of the

671
00:35:26,199 --> 00:35:30,360
Speaker 3: dynamism now don't give me wrong. The US financial system

672
00:35:30,519 --> 00:35:33,559
Speaker 3: is still the best in every single way. But again,

673
00:35:33,679 --> 00:35:36,039
Speaker 3: it's not the best because we're doing it the way

674
00:35:36,079 --> 00:35:39,079
Speaker 3: we've always done it. It's the best because everybody else

675
00:35:39,159 --> 00:35:42,360
Speaker 3: is acting like bigger idiots than we are, right, or

676
00:35:42,360 --> 00:35:44,639
Speaker 3: they're more corrupt than we are, or they even print

677
00:35:44,679 --> 00:35:47,239
Speaker 3: more money than we are. But at some point that's

678
00:35:47,280 --> 00:35:50,800
Speaker 3: going to stop. Why because they don't have the ability

679
00:35:50,840 --> 00:35:53,400
Speaker 3: to sanitize all of their risk constantly.

680
00:35:53,880 --> 00:35:54,079
Speaker 2: Right.

681
00:35:54,119 --> 00:35:57,559
Speaker 3: So when that ability, like I've said before, when that

682
00:35:57,639 --> 00:36:03,000
Speaker 3: ability for us to print without any consequences, relatively speaking,

683
00:36:04,000 --> 00:36:07,400
Speaker 3: when that goes away, you'll see a lot of things topple.

684
00:36:08,000 --> 00:36:08,199
Speaker 2: Right.

685
00:36:08,480 --> 00:36:11,239
Speaker 3: If banks had to stand on their own, you would

686
00:36:11,239 --> 00:36:14,639
Speaker 3: see a lot of things tople Why because you know,

687
00:36:14,719 --> 00:36:17,039
Speaker 3: you'd probably have inflation. The Fed wouldn't be able to

688
00:36:17,039 --> 00:36:19,320
Speaker 3: contain interest rates anymore. They wouldn't be able to print

689
00:36:19,360 --> 00:36:21,960
Speaker 3: the money and come in and sanitize these banks balance sheets.

690
00:36:22,280 --> 00:36:24,159
Speaker 3: So what would happen all of a sudden You'd see

691
00:36:24,199 --> 00:36:26,480
Speaker 3: what happened in eight oh nine, which, all of a sudden,

692
00:36:26,519 --> 00:36:28,960
Speaker 3: you've got all this collateral that we had priced at

693
00:36:29,199 --> 00:36:32,079
Speaker 3: you know, one hundred pennies on the dollar. You'd see

694
00:36:32,119 --> 00:36:35,280
Speaker 3: it worth thirty cents and then boom instantly, overnight the

695
00:36:35,280 --> 00:36:38,519
Speaker 3: bank's balance sheet goes from healthy to underwater and they

696
00:36:38,559 --> 00:36:41,599
Speaker 3: got to get closed down, right, So I mean, that's

697
00:36:42,039 --> 00:36:46,159
Speaker 3: that's the thing. And what's really what's nerve racking to me,

698
00:36:46,639 --> 00:36:50,920
Speaker 3: long run speaking, is the longer you do this, the

699
00:36:50,960 --> 00:36:54,320
Speaker 3: more fragile it gets, right, because you're building on a

700
00:36:54,320 --> 00:36:58,400
Speaker 3: faulty foundation, and I would rather have one story built

701
00:36:58,400 --> 00:37:01,679
Speaker 3: on a faulty foundation as a post. Right, there's less weight,

702
00:37:01,719 --> 00:37:04,079
Speaker 3: there's less pressure, yep. Okay, So what are we doing?

703
00:37:04,400 --> 00:37:07,199
Speaker 3: I mean, look at the bank run, Look at COVID,

704
00:37:07,280 --> 00:37:09,119
Speaker 3: look at oh wait, oh nine, Look at those shale

705
00:37:09,159 --> 00:37:12,760
Speaker 3: collapse in twenty sixteen, Look at the European debt crisis. Right,

706
00:37:12,800 --> 00:37:15,599
Speaker 3: what have we done? We just kept building story and stories.

707
00:37:15,760 --> 00:37:19,199
Speaker 1: CPI take energy, take food out of its unemployment numbers.

708
00:37:19,239 --> 00:37:21,119
Speaker 1: When you quit looking for a job for a year.

709
00:37:21,320 --> 00:37:23,719
Speaker 1: Now you're not unemployed. If you leave a good salary

710
00:37:23,800 --> 00:37:25,440
Speaker 1: job of two hundred and fifty grand a year to

711
00:37:25,480 --> 00:37:27,519
Speaker 1: work three part times at thirty grand a year for

712
00:37:27,559 --> 00:37:29,480
Speaker 1: a total net loss of one hundred and forty thousand

713
00:37:29,480 --> 00:37:32,679
Speaker 1: per year or your income. Lucky you you have three jobs.

714
00:37:33,239 --> 00:37:37,239
Speaker 1: So it's you talk about Tower of Babbel. I mean,

715
00:37:37,320 --> 00:37:41,280
Speaker 1: our financial system is false story upon false story of

716
00:37:42,039 --> 00:37:44,920
Speaker 1: false story. It doesn't get more false than Cammi Harris

717
00:37:45,280 --> 00:37:47,320
Speaker 1: and I want to just I want to bring this

718
00:37:47,360 --> 00:37:48,760
Speaker 1: back to kind of where we started a little bit.

719
00:37:48,840 --> 00:37:51,119
Speaker 1: ZECH was on the political front. And so while we

720
00:37:51,199 --> 00:37:52,920
Speaker 1: do this and we we load up for this conversation,

721
00:37:53,639 --> 00:37:56,960
Speaker 1: I want to address people who have because I've lately

722
00:37:57,360 --> 00:37:59,679
Speaker 1: I screwed up my neck wrestling my friend Ben. And

723
00:37:59,719 --> 00:38:02,440
Speaker 1: you've not met Ben. It was my decision to wrestle him.

724
00:38:02,719 --> 00:38:05,400
Speaker 1: He is one of the strongest human beings I've ever known.

725
00:38:06,039 --> 00:38:08,920
Speaker 1: He's elite athlete level dude, and he's half my age,

726
00:38:09,119 --> 00:38:11,000
Speaker 1: but he'd never wrestled before. So I want you to

727
00:38:11,039 --> 00:38:14,440
Speaker 1: know I took three takedowns to one, but the minute

728
00:38:14,519 --> 00:38:19,000
Speaker 1: Ben figured it out, he slammed me and then he celebrated.

729
00:38:19,039 --> 00:38:20,639
Speaker 1: He got up, he said, I bet I hurt your neck,

730
00:38:20,679 --> 00:38:24,199
Speaker 1: old man. He didn't really say that it had happened.

731
00:38:24,760 --> 00:38:26,760
Speaker 1: And I don't blame Ben even a little bit. He's

732
00:38:26,800 --> 00:38:29,519
Speaker 1: my sports med guy and he has been really helping

733
00:38:29,519 --> 00:38:32,800
Speaker 1: me with these incredible treatments because I get this neuropathy

734
00:38:32,800 --> 00:38:35,079
Speaker 1: in my fingers and it's clearly a resulted this thing

735
00:38:35,119 --> 00:38:37,559
Speaker 1: in my neck and it's going away, so it's not permanent.

736
00:38:37,920 --> 00:38:40,880
Speaker 1: But to people who have this, how on earth do

737
00:38:40,920 --> 00:38:43,880
Speaker 1: you deal with this with your fingers numb all the

738
00:38:43,920 --> 00:38:47,239
Speaker 1: time or tingling? I don't, I mean in this nerve pain.

739
00:38:47,840 --> 00:38:49,440
Speaker 1: And I was showing Ben the other day I went

740
00:38:49,440 --> 00:38:51,760
Speaker 1: to get treatment. I'm like, no, dude, my lat is

741
00:38:51,800 --> 00:38:54,119
Speaker 1: lit up, this lat is locked, and he goes, No, Todd,

742
00:38:54,639 --> 00:38:56,760
Speaker 1: your lat is exactly the same on your left is

743
00:38:56,800 --> 00:38:58,400
Speaker 1: and your right. It's a perceived difference.

744
00:38:58,880 --> 00:38:59,440
Speaker 2: It's nerve.

745
00:39:00,440 --> 00:39:03,119
Speaker 1: I could not do what you do if you have

746
00:39:03,159 --> 00:39:05,760
Speaker 1: this neuropathy and in your legs. Can I say something

747
00:39:05,760 --> 00:39:09,280
Speaker 1: that renew dot Healthcare has had incredible results with neuropathy

748
00:39:10,039 --> 00:39:14,239
Speaker 1: because of the inflammation involved. If it's chronic neuropathy, and you,

749
00:39:14,440 --> 00:39:17,119
Speaker 1: I guarantee you've got people telling you, yeah, back surgery,

750
00:39:17,159 --> 00:39:20,239
Speaker 1: that'll fix it. Yeah, cut in your body, that's probably

751
00:39:20,239 --> 00:39:22,599
Speaker 1: the best way to do it. Don't try something non invasive.

752
00:39:23,320 --> 00:39:23,679
Speaker 3: Do this.

753
00:39:23,760 --> 00:39:28,559
Speaker 1: Please, please just get to renew dot Healthcare. Talk about

754
00:39:28,559 --> 00:39:31,000
Speaker 1: this horrible neuropathy that's keeping you from movement. And I

755
00:39:31,039 --> 00:39:32,639
Speaker 1: don't know how you sleep when it's just well all

756
00:39:32,639 --> 00:39:34,280
Speaker 1: the time, I can't sleep on my left side right now.

757
00:39:34,400 --> 00:39:37,920
Speaker 1: Hate it. But you live this way. Go to renew

758
00:39:38,000 --> 00:39:40,960
Speaker 1: Dot Healthcare. They'll look at any MRIs, they'll look at

759
00:39:40,960 --> 00:39:44,079
Speaker 1: the information you have from your doctors. They'll interact. If

760
00:39:44,119 --> 00:39:46,280
Speaker 1: they can help you, they'll give you the thumbs up.

761
00:39:46,760 --> 00:39:49,880
Speaker 1: If they can't, they'll say they can't. If they think

762
00:39:49,920 --> 00:39:52,119
Speaker 1: they can, they'll tell you we think it's fifty percent

763
00:39:52,159 --> 00:39:55,880
Speaker 1: we can help, they'll give you the percentage. Then when

764
00:39:55,920 --> 00:39:58,119
Speaker 1: you agree to go down, you're going to meet people

765
00:39:58,119 --> 00:39:59,960
Speaker 1: who don't view this as hey, here comes some pay

766
00:40:01,119 --> 00:40:03,320
Speaker 1: you know, get them in and out. You meet people

767
00:40:03,360 --> 00:40:04,840
Speaker 1: who want to get to know you. They want to

768
00:40:04,840 --> 00:40:06,599
Speaker 1: spend time with you, want to maybe go to dinner

769
00:40:06,639 --> 00:40:08,599
Speaker 1: with you if you play golf. I know Steve and

770
00:40:08,639 --> 00:40:11,039
Speaker 1: the gang down there loves to play golf, and they

771
00:40:11,079 --> 00:40:13,960
Speaker 1: love their city of Portavarta. And they'll in fact tell

772
00:40:14,000 --> 00:40:16,199
Speaker 1: you where to go and some places to stay, and

773
00:40:16,280 --> 00:40:18,280
Speaker 1: very often they end up taking everybody to dinner. That's

774
00:40:18,280 --> 00:40:21,039
Speaker 1: just who they are. And they use ethically gathered stem

775
00:40:21,079 --> 00:40:25,840
Speaker 1: cells from placentas and umbilical cords only no boarded babies

776
00:40:25,880 --> 00:40:29,239
Speaker 1: at all ever, and they culture the stem cells they

777
00:40:29,239 --> 00:40:32,159
Speaker 1: collect from these mothers. They pay for the childbirth of

778
00:40:32,199 --> 00:40:34,760
Speaker 1: these mothers. They watch them from the very beginning through

779
00:40:34,760 --> 00:40:37,599
Speaker 1: the entire process, and they pick the best stem cells

780
00:40:37,639 --> 00:40:40,440
Speaker 1: and then the cultureum which means they're the safest possible

781
00:40:40,519 --> 00:40:45,119
Speaker 1: variety of stem cells. And they can rebuild tissue, cartilage, muscle,

782
00:40:45,239 --> 00:40:47,639
Speaker 1: tendon and they get in and they attack that inflammation.

783
00:40:47,920 --> 00:40:51,039
Speaker 1: It's full spectrum that includes getting into a hyperbaric chamber

784
00:40:51,079 --> 00:40:54,639
Speaker 1: and vitamin mineral treatments. It's the whole thing adds up

785
00:40:54,800 --> 00:40:57,760
Speaker 1: to elevating your quality of life. Go to renew dot Healthcare.

786
00:40:57,920 --> 00:41:01,559
Speaker 1: That's renew dot Healthcare. Please tell him you are a

787
00:41:01,760 --> 00:41:06,800
Speaker 1: podcast indoor radio show family member. It's renewed Healthcare. So

788
00:41:06,920 --> 00:41:12,360
Speaker 1: zach the Cammi Harris thing. Let's just review. The figurehead

789
00:41:12,400 --> 00:41:14,920
Speaker 1: is not dropping out. He is firm. The morning that

790
00:41:14,960 --> 00:41:17,320
Speaker 1: he dropped out, his co chair of the campaign said,

791
00:41:17,360 --> 00:41:19,199
Speaker 1: he's not dropping out. Let me be clear. He's made

792
00:41:19,199 --> 00:41:22,320
Speaker 1: a decision, he's running. Then the figurehead drops out of sight.

793
00:41:23,079 --> 00:41:26,800
Speaker 1: We have now some verified reports from Las Vegas police

794
00:41:26,800 --> 00:41:29,079
Speaker 1: that they were told he had on medical medical emergency,

795
00:41:29,679 --> 00:41:33,119
Speaker 1: so he was going to be airlifted to back East

796
00:41:33,119 --> 00:41:35,639
Speaker 1: immediately as soon as possible. Then all of a sudden,

797
00:41:35,679 --> 00:41:38,599
Speaker 1: here's Cammy Harrison. Boom, She's got fifty million. And now

798
00:41:38,760 --> 00:41:42,000
Speaker 1: Biden's forgotten. You got Gavin Newsom. He's not stepping up.

799
00:41:42,039 --> 00:41:44,559
Speaker 1: Other Democrats are stepping up. No, Cammi's the lady, a

800
00:41:44,559 --> 00:41:48,000
Speaker 1: woman who gathered a massive one percent of support in

801
00:41:48,039 --> 00:41:51,320
Speaker 1: the Democrat primary last time. She cackles when she talks.

802
00:41:51,400 --> 00:41:54,599
Speaker 1: She is duplicitous and mean and scheming, and she is

803
00:41:54,679 --> 00:41:58,239
Speaker 1: now the great, great great leader of the Democrat Party,

804
00:41:58,320 --> 00:42:01,840
Speaker 1: even with the figurehead still in office. You guy who

805
00:42:01,920 --> 00:42:05,000
Speaker 1: sits on boards, you manage corporate boards. If you came

806
00:42:05,039 --> 00:42:07,360
Speaker 1: back from a weekend and you called one of the

807
00:42:07,360 --> 00:42:10,559
Speaker 1: companies you're invested in, Yeah, hey, is is Joe Biden there?

808
00:42:10,920 --> 00:42:11,199
Speaker 3: Who?

809
00:42:12,719 --> 00:42:16,119
Speaker 1: Well, the CEO? I'm sorry you must have confused. The

810
00:42:16,119 --> 00:42:19,360
Speaker 1: CEO is Cambel Harris. What whether there's a switch? No,

811
00:42:19,400 --> 00:42:22,000
Speaker 1: it's always been caming Herris. We were talking about she

812
00:42:22,039 --> 00:42:23,960
Speaker 1: was vice president of the company. I don't know what

813
00:42:24,000 --> 00:42:26,280
Speaker 1: you're talking about, dude. I think you're stones like it's

814
00:42:26,280 --> 00:42:28,719
Speaker 1: always been Cammy. She's been a SOT leader for us.

815
00:42:28,960 --> 00:42:32,119
Speaker 1: Wait didn't she run our failed border initiative. What, No,

816
00:42:32,320 --> 00:42:35,519
Speaker 1: she was different. Borders are They're literally pretending the media,

817
00:42:35,599 --> 00:42:37,519
Speaker 1: in a coordinated effort, they're pretending she was not.

818
00:42:37,599 --> 00:42:38,199
Speaker 3: The borders are.

819
00:42:38,840 --> 00:42:40,320
Speaker 1: So as you look at this as a guy who

820
00:42:40,320 --> 00:42:42,920
Speaker 1: helps manage corporate boards, is any of it believable?

821
00:42:45,599 --> 00:42:48,119
Speaker 3: Well, I mean the whole I mean, the whole thing

822
00:42:48,159 --> 00:42:50,039
Speaker 3: is ridiculous. The other part of it, though, that I

823
00:42:50,039 --> 00:42:52,719
Speaker 3: would tell people to be and look, I get plenty wrong.

824
00:42:52,840 --> 00:42:54,599
Speaker 3: So I'm not sitting here saying I'm gonna oracle or

825
00:42:54,639 --> 00:42:56,679
Speaker 3: something like that. But you know, over a year ago,

826
00:42:56,719 --> 00:42:58,519
Speaker 3: I was saying on our show that I was like, listen,

827
00:42:58,559 --> 00:42:59,880
Speaker 3: I don't care what any but he says, the guy's

828
00:43:00,039 --> 00:43:02,639
Speaker 3: gonna be able. The ticket come comes, you know, come November.

829
00:43:02,800 --> 00:43:07,159
Speaker 3: You said, yeah, And and I mean I just I

830
00:43:07,320 --> 00:43:10,920
Speaker 3: just watching everybody, you know, and I'll get to Kamala Harris,

831
00:43:10,920 --> 00:43:14,360
Speaker 3: but watching everybody be so shocked by his appearance and

832
00:43:14,360 --> 00:43:16,199
Speaker 3: the way he performed in the debate, you're kind of

833
00:43:16,199 --> 00:43:18,159
Speaker 3: looking at him going, what what have you been paying

834
00:43:18,199 --> 00:43:23,039
Speaker 3: attention to? You know, so so you know, I think

835
00:43:23,079 --> 00:43:28,079
Speaker 3: they're scrambling, and or clearly they were scrambling. You know,

836
00:43:28,119 --> 00:43:30,360
Speaker 3: I haven't dug into it enough to really comment on

837
00:43:30,400 --> 00:43:32,800
Speaker 3: the whole coup thing. I don't really think it was

838
00:43:32,840 --> 00:43:35,119
Speaker 3: so much a coup as it was all of a

839
00:43:35,159 --> 00:43:38,960
Speaker 3: sudden that everybody realized and I don't know what they

840
00:43:38,960 --> 00:43:41,199
Speaker 3: were looking at, but we see this dynamic happen all

841
00:43:41,199 --> 00:43:43,920
Speaker 3: the time with human beings. Everybody realized that the king

842
00:43:44,000 --> 00:43:47,400
Speaker 3: was wearing no clothes, right, and you know, it was

843
00:43:47,440 --> 00:43:50,519
Speaker 3: that it was really that simple, and then I think

844
00:43:50,559 --> 00:43:54,119
Speaker 3: they went into fire drill mode and it's just really ironic.

845
00:43:54,519 --> 00:43:56,599
Speaker 3: It's just really ironic to me, and I think it

846
00:43:56,639 --> 00:43:58,960
Speaker 3: gets it one of the biggest things that that that

847
00:43:59,119 --> 00:44:03,159
Speaker 3: is undercutting and endangering our country as we know it

848
00:44:03,239 --> 00:44:07,199
Speaker 3: right now, which is the you know, the party that

849
00:44:07,320 --> 00:44:12,039
Speaker 3: is out there to save democracy is trumpeting and championing

850
00:44:12,199 --> 00:44:15,239
Speaker 3: somebody that wasn't voted for and didn't go through a

851
00:44:15,280 --> 00:44:19,239
Speaker 3: primary process, right. And this is one of the biggest

852
00:44:19,440 --> 00:44:23,280
Speaker 3: problems that you see historically with human beings in general,

853
00:44:23,320 --> 00:44:28,079
Speaker 3: which is when when it becomes a beat somebody at

854
00:44:28,119 --> 00:44:31,199
Speaker 3: all costs, right, beat Trump. Trump is the threat to

855
00:44:31,239 --> 00:44:34,519
Speaker 3: democracy and you gin everybody up like that. You can

856
00:44:34,760 --> 00:44:41,239
Speaker 3: justify anything if we're fighting evil, right, if we're try

857
00:44:41,320 --> 00:44:46,679
Speaker 3: to do evil, we can justify anything, right, So, and

858
00:44:47,039 --> 00:44:49,639
Speaker 3: that's one of the dangers to me of this path

859
00:44:49,679 --> 00:44:52,519
Speaker 3: that we've gone down as a country and having the media,

860
00:44:52,880 --> 00:44:55,639
Speaker 3: you know, all in on it and building up Trump,

861
00:44:55,920 --> 00:44:58,440
Speaker 3: this guy that everybody's known literally since he was his

862
00:44:58,559 --> 00:45:02,480
Speaker 3: late teens early twenties, to be this monster that cuts

863
00:45:02,480 --> 00:45:06,719
Speaker 3: against forty years of public record and forty years of reputation.

864
00:45:08,239 --> 00:45:11,119
Speaker 3: Because now you've got a voting populace that, in an

865
00:45:11,159 --> 00:45:13,280
Speaker 3: effort to save democracy, is burning.

866
00:45:13,000 --> 00:45:17,840
Speaker 1: There exactly exactly. And the fact that the Democrat voter

867
00:45:17,920 --> 00:45:21,119
Speaker 1: base hasn't said, oh, hey, wait, wait, do we get

868
00:45:21,119 --> 00:45:24,679
Speaker 1: to vote again? That's so remarkable to me. They don't

869
00:45:24,760 --> 00:45:26,760
Speaker 1: understand their own set. If they don't understand the super

870
00:45:26,800 --> 00:45:30,920
Speaker 1: delegate process, they don't understand that your votes as Democrats

871
00:45:31,239 --> 00:45:36,639
Speaker 1: grassroots mathematically is eliminated by superdelegates. That they have been

872
00:45:36,719 --> 00:45:39,599
Speaker 1: talking insurrection now for two and a half years. There's

873
00:45:39,639 --> 00:45:43,199
Speaker 1: people in prison, solitary confinement. There's Grammar seventy two years

874
00:45:43,199 --> 00:45:45,760
Speaker 1: old where the capital for ten minutes took a selfie

875
00:45:45,800 --> 00:45:49,559
Speaker 1: set of prayer. They're in prison because of an insurrection,

876
00:45:49,599 --> 00:45:52,599
Speaker 1: any type thing. That Democrats haven't sit up to this

877
00:45:52,719 --> 00:45:55,599
Speaker 1: and said no, What this insticates to me is the

878
00:45:55,599 --> 00:45:59,360
Speaker 1: inertia of the evil machine is so strong that praise

879
00:45:59,440 --> 00:46:03,159
Speaker 1: God for arning President Trump's had away or actually towards

880
00:46:03,239 --> 00:46:05,840
Speaker 1: the shooter, saving his life. So we have one last

881
00:46:05,920 --> 00:46:09,599
Speaker 1: chance to save America. And if only the RNC wasn't

882
00:46:09,719 --> 00:46:13,280
Speaker 1: having people pray to false gods from the stage, then

883
00:46:13,320 --> 00:46:15,400
Speaker 1: I could feel fully happy. Did you see that?

884
00:46:15,519 --> 00:46:18,880
Speaker 3: Yeah? No, I didn't see that. What did they say? Oh?

885
00:46:18,920 --> 00:46:22,960
Speaker 1: No, they were they had they were praying to Muhammad.

886
00:46:23,360 --> 00:46:27,480
Speaker 1: They're praying to the seekh God. Oh, because I don't know.

887
00:46:27,559 --> 00:46:30,440
Speaker 1: I seem to remember in the Bible God said something

888
00:46:30,440 --> 00:46:34,199
Speaker 1: about love me with your entire heart, soul and mind,

889
00:46:34,480 --> 00:46:37,119
Speaker 1: and love your neighbors yourself, and don't pray to false gods.

890
00:46:37,480 --> 00:46:39,239
Speaker 1: But maybe I'm wrong, Maybe they took that part out.

891
00:46:43,519 --> 00:46:47,599
Speaker 3: What No, But and this is why, you know, so

892
00:46:47,719 --> 00:46:51,320
Speaker 3: much of this goes back to me, to the the

893
00:46:51,360 --> 00:46:54,239
Speaker 3: whitewashing of God out of American culture, and then also

894
00:46:54,280 --> 00:46:56,519
Speaker 3: the complete breakdown of our educational system. And why do

895
00:46:56,599 --> 00:46:59,599
Speaker 3: I say it relates to that, Because these people that

896
00:46:59,679 --> 00:47:01,840
Speaker 3: are all caught up in this and voting for they

897
00:47:01,920 --> 00:47:06,000
Speaker 3: don't even really understand what democracy is. They don't understand

898
00:47:06,000 --> 00:47:07,840
Speaker 3: that we don't even live in a democracy that we

899
00:47:07,920 --> 00:47:12,119
Speaker 3: never have. They don't understand the basic tenets. They don't

900
00:47:12,159 --> 00:47:15,559
Speaker 3: understand what got them somewhere right. They don't understand any

901
00:47:15,599 --> 00:47:20,440
Speaker 3: of this. They don't understand how totalitarian, how totalitarianism begins.

902
00:47:20,679 --> 00:47:24,639
Speaker 3: They don't understand the genesis of authoritarianism. They don't understand

903
00:47:24,679 --> 00:47:29,000
Speaker 3: that they are literally leading the way with torches down

904
00:47:29,039 --> 00:47:33,880
Speaker 3: a path away from democracy in choice, and you know

905
00:47:33,920 --> 00:47:37,079
Speaker 3: it's We were sitting down as a family the other

906
00:47:37,159 --> 00:47:39,960
Speaker 3: night watching a video and I thought this pastor did

907
00:47:40,000 --> 00:47:44,920
Speaker 3: an unbelievable job confronting the issue of transgenderism and doing

908
00:47:45,000 --> 00:47:48,960
Speaker 3: it in a very christ like way of we love everybody,

909
00:47:49,320 --> 00:47:51,440
Speaker 3: but it doesn't mean that we're going to lie to you.

910
00:47:51,920 --> 00:47:54,519
Speaker 3: It doesn't mean that we're going to sacrifice the truth.

911
00:47:54,800 --> 00:47:57,559
Speaker 3: You're welcome at our church if you're a transgender person,

912
00:47:57,880 --> 00:48:00,559
Speaker 3: but it doesn't mean we have it because giving you

913
00:48:00,719 --> 00:48:04,239
Speaker 3: falsehoods feeling you full of lives isn't love.

914
00:48:04,679 --> 00:48:04,880
Speaker 2: Right.

915
00:48:04,960 --> 00:48:09,599
Speaker 3: Sometimes love hurts, and oftentimes the best love, that is

916
00:48:09,639 --> 00:48:13,920
Speaker 3: the most impactful and the best for us, hurts the most.

917
00:48:14,480 --> 00:48:14,679
Speaker 2: Right.

918
00:48:14,679 --> 00:48:18,280
Speaker 3: It's discipline, Like David said, I love your discipline, right,

919
00:48:19,159 --> 00:48:22,400
Speaker 3: and and everything about our culture has said no, no, no, no,

920
00:48:22,440 --> 00:48:25,039
Speaker 3: we're good on our own. We don't need the discipline.

921
00:48:25,079 --> 00:48:31,639
Speaker 3: We just want the right right and you know, we'll

922
00:48:31,679 --> 00:48:33,760
Speaker 3: see where, you know, we'll see how that works out.

923
00:48:33,800 --> 00:48:35,840
Speaker 3: I'm not waiting with baited breath, because you know, it's

924
00:48:35,880 --> 00:48:39,199
Speaker 3: a pretty it's a pretty predetermined outcome and a pretty

925
00:48:39,239 --> 00:48:42,800
Speaker 3: predetermined location of where we're headed. But no, not But

926
00:48:42,880 --> 00:48:45,760
Speaker 3: as far as them doing this, it doesn't surprise me

927
00:48:45,800 --> 00:48:48,119
Speaker 3: at all. What I do think is pretty funny is

928
00:48:48,159 --> 00:48:50,920
Speaker 3: how everybody now is how the media jumps on the

929
00:48:50,960 --> 00:48:54,039
Speaker 3: train and everybody all come up. And I'm sitting there going, guys,

930
00:48:55,039 --> 00:48:59,119
Speaker 3: there isn't a fortune five hundred company in this country

931
00:48:59,320 --> 00:49:02,800
Speaker 3: that would high or her is a senior VP. I mean,

932
00:49:03,280 --> 00:49:05,719
Speaker 3: then we want to go into you know, go look

933
00:49:05,760 --> 00:49:09,199
Speaker 3: at her track record in California. It's abysmal. She's never

934
00:49:09,239 --> 00:49:12,599
Speaker 3: been a part of anything successful. She's never been elected

935
00:49:12,599 --> 00:49:16,119
Speaker 3: to prominent office of any kind on a national stage. Right,

936
00:49:16,320 --> 00:49:18,920
Speaker 3: she didn't get elected to vice presidential pit. The other

937
00:49:18,920 --> 00:49:20,880
Speaker 3: one that cracks me up too is now rolling out

938
00:49:20,920 --> 00:49:23,440
Speaker 3: the racist tripes. Oh, everybody's referring to her as a

939
00:49:23,480 --> 00:49:25,679
Speaker 3: DEI higher and you're like, well, Joe Biden referred to

940
00:49:25,719 --> 00:49:26,239
Speaker 3: her as a de.

941
00:49:26,480 --> 00:49:28,519
Speaker 1: Higher right, he said his running had to be a

942
00:49:28,519 --> 00:49:31,400
Speaker 1: black female, Yeah, right, because of d.

943
00:49:34,599 --> 00:49:38,000
Speaker 3: And this is where and this is where, this is

944
00:49:38,039 --> 00:49:41,760
Speaker 3: where the breakdown of removing God properly taught, in my opinion,

945
00:49:41,840 --> 00:49:45,280
Speaker 3: religion and the breakdown of the educational system really comes

946
00:49:45,320 --> 00:49:47,400
Speaker 3: into play. And I'll talk with a buddy about mine

947
00:49:47,400 --> 00:49:51,559
Speaker 3: this the other day. Why is it that so few

948
00:49:51,679 --> 00:49:58,039
Speaker 3: people are so willing to lie and accept lies to

949
00:49:58,159 --> 00:50:02,320
Speaker 3: further their cause without ever taking upon just this. Where

950
00:50:02,360 --> 00:50:06,119
Speaker 3: is the intellectual curiosity that would require, because it would

951
00:50:06,119 --> 00:50:08,400
Speaker 3: do this to me where you'd sit back and you'd go,

952
00:50:09,039 --> 00:50:12,239
Speaker 3: you know, if I got a cheat and lie to

953
00:50:12,800 --> 00:50:16,760
Speaker 3: further my cause, maybe I'm waving the wrong flag.

954
00:50:16,639 --> 00:50:19,159
Speaker 1: Right, Maybe my cause is the wrong cause. And I

955
00:50:19,199 --> 00:50:21,000
Speaker 1: would just I would present it this way to people

956
00:50:21,000 --> 00:50:22,440
Speaker 1: who doubt this de I think, and I think this

957
00:50:22,480 --> 00:50:25,119
Speaker 1: is a great way to talk to friends about the

958
00:50:25,159 --> 00:50:29,760
Speaker 1: attempted assassination President Trump. Video evidence shows that those two

959
00:50:29,800 --> 00:50:33,719
Speaker 1: women were incapable of defending the President United States funbling

960
00:50:33,719 --> 00:50:35,559
Speaker 1: with their guns. Can't take them out of the holster,

961
00:50:35,679 --> 00:50:38,639
Speaker 1: can't put them into the holster. Cowering, yelling what are

962
00:50:38,639 --> 00:50:42,800
Speaker 1: we doing here? Whereas the well trained, tall, robust male

963
00:50:42,840 --> 00:50:45,079
Speaker 1: agents were all over the president doing what they were

964
00:50:45,119 --> 00:50:48,119
Speaker 1: to do. Here's the scenario. It's the playground thing. We're

965
00:50:48,119 --> 00:50:51,760
Speaker 1: picking people for a sports team. We're playing football today,

966
00:50:52,280 --> 00:50:54,840
Speaker 1: tackle football, and we're all going to line up and

967
00:50:54,880 --> 00:50:56,719
Speaker 1: we're going to pick one from this team and one

968
00:50:56,719 --> 00:50:58,880
Speaker 1: from next. Here's what's going to go. You're gonna have

969
00:50:58,880 --> 00:51:02,599
Speaker 1: your big brutes and your fast runners, great catchers picked first,

970
00:51:03,480 --> 00:51:06,400
Speaker 1: and after that then it's just the leftovers. And maybe

971
00:51:06,440 --> 00:51:09,280
Speaker 1: you're a great mathematician, maybe you're great at drama. Maybe're

972
00:51:09,280 --> 00:51:11,239
Speaker 1: a great painter, maybe a great baseball player, but you

973
00:51:11,239 --> 00:51:15,159
Speaker 1: can't play football. Present this to your friends. There are

974
00:51:15,280 --> 00:51:18,400
Speaker 1: killers outside your home, then tend to come in and

975
00:51:18,480 --> 00:51:22,639
Speaker 1: murder your family. Here are ten people from whom you

976
00:51:22,639 --> 00:51:28,360
Speaker 1: can choose to help you. Five of them are tall, muscular, strong,

977
00:51:28,800 --> 00:51:35,440
Speaker 1: fast looking, competent looking men. Five of them are overweight, short,

978
00:51:36,480 --> 00:51:40,199
Speaker 1: visibly scared women. You choose, are you going to do

979
00:51:40,199 --> 00:51:41,960
Speaker 1: the playground thing. We'll take one from this side and

980
00:51:41,960 --> 00:51:44,480
Speaker 1: one from the other. No, you're going to use the

981
00:51:44,519 --> 00:51:47,079
Speaker 1: discernment God gave you to say. These may be sweet women.

982
00:51:47,280 --> 00:51:50,599
Speaker 1: They may be brilliant women, they may be strong women, mentally,

983
00:51:50,840 --> 00:51:52,800
Speaker 1: they are not prepared to take my family out of

984
00:51:52,800 --> 00:51:56,920
Speaker 1: this house and to kill the killers. DEEI got one

985
00:51:56,960 --> 00:52:01,559
Speaker 1: man killed and it very nearly cost President trump In's life.

986
00:52:01,559 --> 00:52:02,519
Speaker 1: That's the way I look at it.

987
00:52:02,639 --> 00:52:02,800
Speaker 2: Brother.

988
00:52:02,840 --> 00:52:04,440
Speaker 1: I always appreciate you having you on, man.

989
00:52:05,360 --> 00:52:07,840
Speaker 3: Yeah, no, always, you know, always good to be on.

990
00:52:07,880 --> 00:52:09,920
Speaker 3: And thank you very much. And you know the other

991
00:52:10,039 --> 00:52:12,960
Speaker 3: the one last thought on that one, Todd, is if

992
00:52:13,000 --> 00:52:15,039
Speaker 3: anybody out there, look, we don't have to go coop

993
00:52:15,079 --> 00:52:17,039
Speaker 3: or whatever, but one hundred and forty yards when they

994
00:52:17,119 --> 00:52:19,360
Speaker 3: ar fifteen, that's not a tough shot, not at all.

995
00:52:19,599 --> 00:52:22,400
Speaker 1: I and my shooting has become a joke. And I

996
00:52:22,480 --> 00:52:25,000
Speaker 1: made it like ten times standing up on a hill,

997
00:52:25,119 --> 00:52:27,719
Speaker 1: not not on a resting base. And my friends who

998
00:52:27,800 --> 00:52:29,840
Speaker 1: took me shooting will tell you Todd can't shoot with

999
00:52:29,840 --> 00:52:31,880
Speaker 1: the pistol anymore. Don't ever let him yet. You need

1000
00:52:31,920 --> 00:52:32,599
Speaker 1: to learn this more.

1001
00:52:33,360 --> 00:52:35,440
Speaker 3: It's a tough No, it's a tough it's a tough

1002
00:52:35,440 --> 00:52:38,039
Speaker 3: one to it's a tough tough one to justify because

1003
00:52:38,119 --> 00:52:42,920
Speaker 3: I just I cannot unmach how that was an ass.

1004
00:52:43,519 --> 00:52:46,519
Speaker 1: No, Nope, it clearly. It clearly was into my opinion.

1005
00:52:46,639 --> 00:52:48,639
Speaker 1: Appreciate you coming. My brothers starting to get break up

1006
00:52:48,679 --> 00:52:51,119
Speaker 1: on the internet signal, and that's why I miss having

1007
00:52:51,159 --> 00:52:52,920
Speaker 1: in the studio, also because they get to sit next

1008
00:52:52,920 --> 00:52:56,639
Speaker 1: to you. Zach Abraham, Chief Investment Officer, Bulwark Capital Management.

1009
00:52:56,679 --> 00:52:59,400
Speaker 1: Know your Risk radio dot com. Know your Risk radio

1010
00:52:59,440 --> 00:53:03,039
Speaker 1: dot com. This is a Todd Herman show. Please go,

1011
00:53:03,159 --> 00:53:06,079
Speaker 1: be well, be strong, be kind to remember that God's

1012
00:53:06,280 --> 00:53:11,119
Speaker 1: invented real things. Human beings have perverted them. So choose

1013
00:53:11,159 --> 00:53:14,280
Speaker 1: the real things of God, beginning with the solid rock,

1014
00:53:14,400 --> 00:53:16,119
Speaker 1: the foundation, the Word of God.