Speaker 1: So President Trump got kind of hits on some things
during a great week, and absolutely great week for him.
I think one of the best weeks in any presidents
I've ever seen, because he keeps telling Americans to buy
stock ahead of major bumps in the markets.
Speaker 2: You better go out and buy stock.
Speaker 3: Now.
Speaker 1: Let me tell you this, This country will will be
like a rocket chip that goes straight up.
Speaker 3: This is going to be numbers that nobody's ever seen before.
Speaker 1: That's a very important element.
Speaker 2: Of all of this.
Speaker 1: And by the way, there are people saying, oh, he's
manipulating the market, their dat the inside trade, and you're
upset that he's making it possible for all of us.
Speaker 4: Oh, my goodness, Trump Arrangement Cinema is a real thing.
Speaker 1: We'll talk about this and Saudi Araba and tariffs with
the chief investment officer Bowarck Capital Management, Zach Abraham. And
we get to do that through the good graces of
God Almighty, Thank you Lord.
Speaker 3: Disapproved by big pharma technocrats in Tyrone Saban where from
the high mountains of Free America, here's the Emerald City,
Exie Todd to her man.
Speaker 1: Today is the day the Lord has made in these
at the times to which God has decided we should live.
My friend and brother zach Abraham joins me from the
offices of Bulwark Capital Management in Dubai.
Speaker 4: Wait, no, is it Dubai.
Speaker 2: No it is not.
Speaker 1: It's the United States of America. Well kind of, it's
it's the separate country of Washington.
Speaker 4: Yeah.
Speaker 2: Well, I mean we're hopping on the PJ. We'll be
at Dubai later the season.
Speaker 4: Okay, not right now.
Speaker 3: Yeah.
Speaker 4: Wait did you say PJ.
Speaker 2: Yeah, the privates Yet you got to use the right lingo.
Speaker 4: Man, is that what you meant to say? You say PJ.
Speaker 2: Yes, Okay, pj's waiting for me at the hangar.
Speaker 4: Okay, I have to say, aren't using that?
Speaker 1: I'm going to use that when I fly to Mexico
because you know, I am a spoiled brat when it
comes to travel.
Speaker 4: So gosh, the prices were cheap, and my upgrade to first.
Speaker 1: Class was like three hundred bucks to fly international first class?
I'm in are you kidding me? So I'm gonna use
that on the plane. You know, Hey, did you get upgraded?
Speaker 4: No, it's just PG was busy.
Speaker 2: Yeah, yeah, did you you heard that clip?
Speaker 1: I could show you the comment section where people are
accusing Trump of criminality because he's telling people to buy stock.
But Tim walsonn't commit a crime when he celebrated Tesla
being down for a little while.
Speaker 2: A president telling you to buy stock because the economy
is going to do well. There is nothing illegal about that.
Speaker 4: No, No, And.
Speaker 2: We're in a point where because people are so stupid
and the guard rails of shame have been removed from
society that you have to shout like you have to.
I mean, I remember a time where saying something that
was completely and obviously untrue would embarrass you. Those days
are Trump because Trump derangement syndrome is real. I got
this guy that I followed, nice enough guy, older guy,
you know very much, that seventy year old you know,
you know, seventy seventy five year old guy, and he
talks about investments. Ever since Trump got elected, I don't
think I've seen him post a single tweet about markets,
investing everything. It's just an obsession. It is so bizarre.
And they at everything he's doing is criminal, everything is
a violation, and you're just looking at him going you
need to dude, like, hey, I'm going to advocate for
your own mental health. Yes, okay, you are giving somebody
outside of your locus of control way too much influence
and way too much free real estate in your head. Man,
Go hug your grandchildren, go spend time with your wife,
and go walk your dog. Dude, like, put the mouse
down and walk away. It just it's crazy.
Speaker 1: Even if it was true that President Trump was all
the things they say, even if it was true that
he was planning the fascist takeover America and the end
of the Supreme courts, and even if that was true, yes,
be concerned, yes organized, but maybe give yourself a breath
and realize that if that was the case, it's our turn,
you know, when we're going This was Biden.
Speaker 4: I was just saying, look, it's our turn. Nations do this.
Speaker 3: Yeah.
Speaker 2: Well, the other thing is there's so it's it's sort
of turned into like a fairy tale in the way
that it's this story that is told over and over
and over, and there are these parts that are added
to it and virtually none of it's true. I mean,
there's things that you know, Look, there's Trump gives you
plenty of ammunition to go after him and says plenty
of stuff, and I'm not talking about. But I have
yet to see internment camps for transgendered people from from
best I know so far, fingers crossed, I haven't seen
a bunch of days rounded.
Speaker 3: Up, right, I don't.
Speaker 2: It didn't happen in the first term. And at some
point you look at these people and go, are you
ever gonna get tired and embarrassed of how wrong you are?
And the answer is no. They just go on to
the next thing. And the fact that that, the fact
that he never does what they're accusing him of doing,
doesn't stop them from saying, that's what he's gonna do.
It's And then, by the way, we're worried about the
rounding up literally and you and I have both heard it,
but we're worried about the internment camp putting people in
prison camps for being for making a moral decisions. We're
talking about Donald Trump here, right.
Speaker 1: He just did something that got no attention on that topic.
And I'll just point a point this to you because
it got no attention and most people don't know, and
I don't know if you're aware of it. I wouldn't
blame you if you weren't. Because he did something in
the overincarceration issue. I want to talk about that, but
we need to get into this this this Middle East
trip and China and the lowering of the tariffs, and man,
I don't know anything about market volatility, but I'm guessing
this might create some market volatility. We'll do this with
Zach Abraham. Go to check him out at No You'restgrated
dot com. I will very quickly mention this very quickly.
If you're watching the video version of this program. I
am wearing a shirt from bone Frog Coffee. Now I
am not anybody's model, right, I'm not a good looking dude.
But if this shirts can look okay on me, think
of what it would look like on you who are
good looking.
Speaker 4: We don't talk enough about the merch there at bone Frog.
Speaker 1: So if you are a subscriber to the coffee and
you've bought that, go to bone Frog Coffee dot com.
Slash Todd this is not actually my favorite bone Frog shirt.
It's in fact, my least favorite. But I do like
it and it says stuff on the back. I can't
see it because it's on my back, but I call
this the it's called the army type. I think it
looks like a prison shirt, but it's cool looking. Go
check out the merchant bone Frog, because Tim has spent
a ton of money in this and some of the
designs are so tasty. I don't wear hats anymore because
we had a consultant. I paid them a quarter million
dollars and he wrote a report. One page it said,
stop wearing hats. Go to Bonefrog Coffee dot com, slash
todd and get you get the discount on the merch too.
And we'll talk about the coffee later because it's a
coffee company. But I just wanted you to make aware
of the of the merchant. By the way, if you're
not watching the video version of this, you can check
ou out on YouTube dot com slash at the Todd
Herman Show. So, Zach, this was Secretary Bessent before the
deal with China was announced, and.
Speaker 5: I think that led to a great deal of the
productivity we've seen. We will be giving details tomorrow, but
I can tell you that the talks weren't productive.
Speaker 1: I think they were pretty productive that we've seen. The
Trump administration wants us to see one hundred and fifteen
percent lowering of tariffs or so from China. Zach, this
is market moving stuff. As I see it, this is
the beginning of a global restructure of our economic system.
Or am I overblowing this because I think he's moving
pieces that no one has moved in a century?
Speaker 2: Yeah, he has. And once again, like I sort of
said about like I said about the tariff situation of
the trade war in the beginning, I wish that he
was approaching this with a little more calm or in
a bit more serene yep. Because it is highly unlikely
the changes that they are making in the global system
will be a boost or a serious benefit to US markets.
Speaker 4: I don't think it's going to tell you that.
Speaker 1: Why please, now, I'm sad. Hold on now, I'm having
a sad Well, but the tariffs are going down, I'm
gonna yeah.
Speaker 2: But yeah, the tariffs are going down, but costs are
going up, and you're going to have to have costs
higher here in the US to facilitate the kind of
labor and the kind of build out that he want,
you know, domestic manufacturing things like that. Remember, I mean,
one of the things you got to remember is that
the long term average for profit margins on the S
and P five hundred going back one hundred hundred and
fifty years is like sixteen. We're currently like twenty five
twenty six. A big part of that comes from this
globalism push, right. The big part of that comes from
being able to sell stuff in the United States that
you made in China for dirt cheat, right, So as
you start to undo that, that will have a somewhat
of a pressure on corporate profits. Yes, And then you
look at and then you look at US markets, and
US markets are the most overvalued as a percentage of
overall market share, uh, than any market has ever been
in the history of markets. So in relationship to other
you know, other markets, other international markets. So I I
my fear is is that he's sort of over speaking,
you know, once again, like Trump loves to do. But yeah,
I just I think it needs to be careful because
when you look at the valuations that are US stocks
are trading at, none of these things, none of these
things he's talking about are going to be beneficial for
US stocks in the next year to two years. They're
going to be long term beneficial for the US economy,
which eventually will be good for US stocks. But a
lot of these things are going to pressure corporate margins
to some degree, is it worth it? Absolutely If you
get a good trade deal with the right trade concessions
and you get a setup that starts favoring the working
class here in America again, you know, then then I
think it is worth it very much. But yeah, it's
it's you're you're not even close to being you know.
It's this is not all easy the way he's kind
of laying it out.
Speaker 1: No, and I don't think it's easy. What I'm talking
about the global restructuring. What I admire about what he's
doing here is this is a long term play. This
is not sugar high. We've had enough of the sugar highs.
So if this tariff comes down and we do start
exporting to China in good numbers, I recognize you said
the costs are going up, but I'm sorry, Corporate America
is fat. Zach's agreed, it's totally fat. So they can
lower costs, and they can do that without decimating the
work in class and without automating everything I've worked in
corporate America.
Speaker 4: I know it's fat. So he's playing a longer game.
Speaker 1: But on that longer game, I have to believe that
if China does lower these tariffs and keeps them low,
and we can then sell foods and other items into
China that we can't now, and cars into China that
we can't now. I fail to believe that that doesn't
deliver some benefit, maybe not to the stock market, but
to workers and some stability, and it changes the power balance.
That's my prime concern with China is the power and
balance and that they owe us. So yeah, if there's
a okay, so let me say it this way. If
there's a president Vance, and let's say JD. Vance wins
and continues this, then I think we're then we're talking
good structural change for us.
Speaker 4: Is that right?
Speaker 2: Yes? Yes? And no no, And listen, I think that
these are all very good things. These are all things
that need to get done. But like you said, corporate
America is fat, well, they are, and that has correlated
to high profits. Okay, And so my whole thing is
you're you're gonna see those profits come under pressure. So look, everything,
everything that we have done for the last thirty five
years has been good for capital at the expense of labor.
All right, it is time for that pendulum to swing
back the other way. Am I saying? Workers of the
World unite. Is this a socialist thing? No, not at all.
Just say, hey, you move one way yet, right, you've
got to come back.
Speaker 4: The other way.
Speaker 2: We've we we we've we've gotten into a system. Now
the evolution of globalism is become global profits above all else,
and you know, not even a care or a thought
to the working class, the blue collar folks and the
manufacturing base inside our own inside our own country. So yeah,
I think it is time that you have policies that
are more what we call labor friendly, and that's and
it's going to come at the cost of corporate profits,
but it's going to come at the benefit of wages
and employment. So I think it's great.
Speaker 1: I want to bring up something Mike Pence said because
there's another aspect to this where I'm looking at the
restructuring of the China relationship. I definitely want to spend
some time on Saudi Arabia and the truth of the
Middle East.
Speaker 4: Because that's multifaceted.
Speaker 3: Zach.
Speaker 1: That's that's not quote just business and just deals. That's
that's society changing, in my judgment. So we'll talk about
this with Zach Abraham, Chief Investment Officer Capital Management I'll
make this super super quick. So and says talking about
the T shirt, and it would wearing the bone Frog
T shirt. And we've got a studio audience here today,
and granted, yes, thank you very very much. They said
something that someone said, it looks like you lift, and
I love it when people say that. But then that
means when you don't say that, then I feel bad
because when I, you know, this young man Becker said,
looks like thank.
Speaker 4: You, I do. I do lift a little weight.
Speaker 1: But then when other people don't say it, I walk around,
I do you even notice that I lift?
Speaker 4: And I'm a little obsessive about it.
Speaker 1: I get that, And so I mean, here's kind of
an example of obsessiveness. Just FYI, my alarm clock went
off this morning at three thirty. Don't use you use
alarm clocks, but I did. I immediately reached over and
drank a five I call it a five minute energy.
The world calls it five hour energy. Then I drank
let's see, thirty two sixty four ninety six ounces of water.
I got up in had a coffee, except it wasn't
coffee because the Bone Fog subscripture ran out, so it
was caffeine from another source, just straight caffeine and water
if you want to know, with my creatin in it,
that takes me up to about one hundred and what
sixteen ounces or something of water. And at that point
then I go take a pre workout. This morning, I
ate lightly because I'm taking a friend out to dinner
tonight for Mexican food and he and I are eating.
So I was then crowning my micros making sure that
by the time I get to dinner, I've got like
about two hundred and forty grams of protein. Because I
know there's going to be some fat in the Mexican food.
I might eat some ships. So I've entered that into
my app so I already know what I'm going to
eat for the day and what I'm going to order
at this place, this Mexican place here, So I've got
that all laid out. And when I do that, that
seems obsessive, right, but it works. Okay, I'm almost fifty eight,
I've got about nine point nine percent body fat.
Speaker 4: And I'm not trying to brag.
Speaker 1: I'm not praise God that I'm able to do these
things and work out the way d It's only through
God's grace. But I have a hack. It's a simple hack.
It's called mass simes.
Speaker 4: Okay.
Speaker 1: Mass Simes is a very potent stead of digestive enzymes
from my friends at Bioptimizers. It lets you better steward
the lean muscle you have, which is the only way
you will ever gain more. Because if you're in a hole,
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guys because we lose muscle every year. And if you're
a young man and you think you're not in a hole,
I'm here to tell you, at the age of twenty five,
you lose muscle every year.
Speaker 4: So get ahead of this.
Speaker 1: Go to Biptimizers dot com slash todd use promo code
tod to get tempercent off mass simes and all their products.
Speaker 4: Steward the lean muscle you have now.
Speaker 1: Reduce the feeling of bulkiness and being all bounced up
in your bowels as it were. Does away with that
Biptimizer dot com slash Todd promo code Todd.
Speaker 4: Mike Pence said this, Zach.
Speaker 1: He said he was talking about the tariffs, and he said, look,
I've been in public service my entire life, not my
Chile life, you said for the past twenty years, and
we live auto paychecks when we were raising our kids.
And I'm here to tell you cheap goods are part
of the American dream. Cheap goods are part of the
American dream. So we need to celebrate the cheap goods.
And you know what, Zach, I'm sorry. I think that
the cheap goods from China are the most expensive thing
we've ever bought. I think it has been expensive to
our culture. I think it's been expensive to craftsmen. I
think it's been expensive to the concept.
Speaker 4: Of value versus price.
Speaker 1: I think it's been expensive to the freedom of American
companies to innovate. I think it's been expensive spiritually. We
are paying money to a country for products they use
to give to us to loan us money. Then we
pay them interest on that. They use the interest to
fund a military design to destroy us, and they fund
it to destroy people based upon their spiritual views or
their race. And God can't sponsor that. They're trying to
destroy the Christian Church. It's failing because God isn't going
to be destroyed. I think the decision to concentrate on
cheap over inexpensive is the most expensive spend we've ever
done in this nation.
Speaker 4: Yeah.
Speaker 2: I well I'd sit there and look at pens and
my first question would be at what costs? Mike?
Speaker 4: At what cost?
Speaker 3: Right?
Speaker 2: Yeah? So, you know, it was so funny watching people
jumping on Donald Trump over like the toys. You're griping
about the price, Like, for god, they got a grip.
Who who gives a damn of the g I Joe
with the kung fu grip is ten percent or fifteen percent?
Speaker 4: Well, it's not kung fu. That's that smell tong. So
I don't know why they call it. I mean, just
to be clear.
Speaker 2: Well, well back in the day it was the kung
fu grip man, And you know, and the cabbage patch
is fifteen percent more expensive, you know, you know, honestly,
if the dad doesn't lose every single job that he
or every single if he can get a job, and
the parents don't divorce and the mom doesn't get hooked
on opiates, I think we can tolerate a fifteen percent
more expensive cabbage patch. Again, what is the cost? At
some point in our society and our culture, and it
is mostly on the left. But then I hear a
moronic statement like this from Mike Pence, who's no economic clairvoyant, right,
like a person of our time. Right, this isn't Milton
Friedman's second coming here. So then I hear a comment
like Mike Pence making, and I'm like, when did we
lose culturally the ability to apply context?
Speaker 3: Right?
Speaker 2: Where did that go? Because as an adult, what we
know is that every single choice we make has a
cost and a benefit. And the way that we make
those choices as adults is we weigh the two. Right,
So again I would say to Mike, I'll pay fifteen
percent more for a cabbage patch. Cannot see people ventanyl
induced bent in half on the side of street corners.
Call me crazy, Mike, but I'm going to prioritize that
a little bit more than the price of poise coming
out of China.
Speaker 1: That's why I say cheap goods from China are expensive.
Speaker 4: And you said that very very well. I had the
same response to the dolls.
Speaker 1: There's also this reality, this is Commerce Secretary Lutnik. And
then we've got to talk Saudi Arabia, the Middle East.
We've got to talk about the President Trump forcing down
the price of prescription drugs. I don't think president should
have that power. Congress disagreed. They gave it to him.
This is lutnik. This is the other reason why, Zach,
I'm looking at this saying this is a restructure that
had to happen. I recognize with you, we're going to
see a pain. Point Trump warned us there's going to
be some pain. I understand he's trying to gloss over that.
Now it's all good by stock, et cetera. But this
is lutnik.
Speaker 6: America has a one point two trillion dollar trade deficit.
It's other people are selling us goods that more than
we are selling them, and that's just not balanced.
Speaker 2: It's not fair.
Speaker 6: We're losing one point two trillion dollars a year, of
which directly and indirectly to China. That's about a trillion dollars.
You know, China sells goods to Vietnam. Vietnam repackages them
and sells them to us. So the idea is the
president wants balanced and fair trade, and tariffs are the
tool to create balanced and fair trade.
Speaker 4: Disagree on the tariffs are the tool. It's a tool again.
Speaker 1: Comment section. I read people saying trade deficits don't matter.
Trade deficits do not contributes to economic ups or downs.
And I'm sorry I beg to differ. If I'm a
tire shop and I'm buying more tires than I sell,
i am not a tire shop very long.
Speaker 2: Once again, it's economic illiteracy to a certain extent. First
of all, to say that trade deficits matter or they
don't matter, way too simplistic. What what kind of trade?
What deficits are we talking about? You got to look
at certain here. Here's the other thing. You gotta there's
some nuance here, because in my opinion, everything Trumps said
about this is correct. If I had his ear, I
would tell him that I agree with you. We absolutely
need more balanced trade. But if you want to remain
the reserve currency of the world, you're going to have
to have trade deficits.
Speaker 1: Oh this is so important because now I need to
lean in and wait. See it looks like I'm looking
you in the eye to the viewer, but now you're
actually in this camera on my desk. O. Yes, I'm
the slowly. Can we have some dramatic music for Zach
so just roll some because this is important. Okay, continue
with that. I'm sorry to interrupt this is important.
Speaker 2: So yeah. So so when you're the world reserve currency,
if you run trade surpluses with everybody, what that effectively
means is that you are constantly lessening the supply of
dollars out there, which will force the which will force
the price of the dollar uh high to a level
that will crush other economies. So are our trade deficits
too big? Yes, if you're going to be the world
reserve currency, you've got to run a trade deficit to
some degree. So it's it's now, is WHDe as we're
running them? Absolutely not? And I think that I think
that I think if Trump was being very honest with you,
he would tell you that we're not going to get
to trade surpluses with China, right we we we won't
get there, and and and the simple reason why, right
out of the gate, if we're talking about it right now,
we've got a much bigger, wealthier consumer class. Right so
they just don't have the ammunition.
Speaker 4: Okay, we can buy more stuff than they can.
Speaker 2: Yeah, we can buy a lot more stuff. So but
that being said, right, how many of them? You know?
Can we can we narrow that? Can we narrow that deficit?
One hundred percent, and we absolutely should. But this is why,
this is one of the things that frustrates me about
talking politics or finance now, is because everything is black
or white, and yet so few things in the world
are black and white, especially when you get into nuanced
economic discussions. And that's another thing that gets back to
you that kills you about Trump derangement syndrome is you
cannot have a productive, sensible, intellectual discussion about any of
this stuff. Oh, he's wrong. Trade deficits don't matter. If
you run big enough trade deficits for a long enough time,
you're going to be completely bankrupt. Absolutely they matter.
Speaker 4: So tires that's metaphor used.
Speaker 2: Yes, it's ludicrous, right, Do they matter? Yes, But when
you're the world reserve currency, you have a bid underneath
your currency that nobody else does, so you can get
away with and probably should run small trade deficits with
most of your biggest trade partners. It's it's the way
it should work, especially when you're the most mature, richest,
wealthiest nation. Right like now, if you look on the
services side, right, services we actually run surpluses, and services
well we're becoming more, right, we're more of a service economy.
So it's I agree with Trump, you've got an arrow
the deficits. I don't think that they're the end all
be all. It's not a mercantilist system anymore. So, I mean,
you used to measure it like that. But you know,
the economy is so if you just had a mercantilist
system that was just based on international trade, creating goods
back and forth, trade deficits kill you. Okay, but that's
not the only thing we do, right, I mean, look
at the technology, look at the you know, the weapons systems.
So there's just a lot more complex than that. But yes,
you got to narrow the trade deficits. But all trade
deficits are not horrible. But yeah, they saying that you
can trade deficits don't matter. I mean, that's the dumbest comment. Yeah,
it's just stupid.
Speaker 4: Good because I felt like it was.
Speaker 1: Yeah, there's some areas I don't think we can ever
afford to what we do it now, but we should
not be running trade deficits.
Speaker 4: And I want to run that by you to second.
Speaker 1: Now, Zach and I having this conversation, if you are
going to be going to renew healthcare, so let's say
you're in the pipeline, You've got your MRI there, they're
looking at the results. You're working with one of the
patient ambassadors, maybe Catherine, maybe one of the under people,
and you're looking at getting down for treatments.
Speaker 4: Be this for back pain, you want to.
Speaker 1: Avoid the surgeries for arthritis, neurological issues. They're treating a
friend of ours now person has become a friend, Diane
for als and I understand they're having great results on
that and they think they can double her lifespan.
Speaker 4: And if you are making the plan to do that,
knees whatever, the aesthetic stuff ed.
Speaker 1: All this has helped with stem cells from umbilical cords,
and in this case, these are manipulated stem cells, meaning
they take the highest quality stem cells, only they reject
eighty percent of what they get. They then culture those,
meaning they amplify them or multiply them, and they put
those in our bodies. I've had it done three times.
Zach is going to be there with me. We're going
to be at renew June seventh through the eleventh. Get
back in touch with these guys and see if you
can change your appointment to be down there with us,
because this conversation you can have with us over dinner,
and it's not just us talking.
Speaker 4: I think i'd speak for Zach.
Speaker 1: I'd say we'd rather hear from you and learn about you.
We get to talk all the time, but we can
talk family, we can talk faith, we can talk sports
and Zaz, that's going to be golfing down there, and
I'm thinking I might even go out in the golf
course and embarrass myself. And I want to talk to
you about that. If you want me to do that,
I will. I've never golfed, not a single time. I'm
willing to go embarrass myself for you.
Speaker 4: Mixed blessing.
Speaker 1: But man, that would be some fun video to take home,
wouldn't it wouldn't it be?
Speaker 2: Yeah? Fun's an interesting way to put it, but yeah, yeah,
it would. It would be entertaining.
Speaker 1: Yeah, Okay, So I have promised to buy the first
dinner for everybody. Zach has promised to buy the second dinner.
So the first diner is going to be a really
fine I want to eat Mexican food.
Speaker 4: There there's other places. There's there's Asian food, There's there's
sushi that's.
Speaker 1: Great, really great Mexican place that's on the resort and
understood what I'd heard from Zach was we're taking the
PJ out to the aircraft carr landing there, and then
from the aircraft carrier, we're taking a tour in.
Speaker 4: The gourmet submarine. So we'll do that.
Speaker 1: And Zach's writ in the check for that one. So
it's renewed. R E N you e dout healthcare. That's
our e and you eat out healthcare if you haven't
yet gotten in the patient pipeline, do that now and
come hang out with us. And by the way, I
might be joking about the submarine and the aircraft car
and the PJ, but man, I hope we get some
people down there with This was such fun last time.
Speaker 2: Yeah, that'd be it. No, it's it's always, it's always.
It's always fun to you know me. Yeah, meet the
meet the folks, right, I always enjoy that me too.
Speaker 1: No, you don't want me to golf with you.
Speaker 2: No, I didn't say that. I didn't say that, But
I mean, if you've you've never actually golf.
Speaker 4: I have never once. I have never swung a golf club.
I've never stepped onto a golf course. No, that's not true.
Speaker 1: I ran across the golf course when we were breaking
in to Sea Tech Airport to climb the towers so
that we could secure ourselves to the towers with our belts,
so that we were about uh fifty to one hundred
feet below.
Speaker 4: The jet airplanes when they went above our heads.
Speaker 2: Oh wow, that loud.
Speaker 4: Oh have you ever done that?
Speaker 2: No?
Speaker 1: No, I It's the most incredible thing. And we we
almost got caught one night doing that. That was the
second time I got in the Green River Killer list.
Speaker 2: By the way, instead of doing that, I played golf. Yeah.
Speaker 1: The crazy thing about doing that is there were some
older planes that you could see up through the landing
gear and you could actually yeah for real, you could
actually and some of them you could see into the cockpits.
Speaker 4: It was so weird.
Speaker 1: And then when the jets go overhead you know that
whole phrase dirty air. They always have that space between
the jets. The air comes back together. And because as
asking a pilot, I told him we did this, that
we were you know, I literally we take up our
belts and tie us on in case the you know,
the jet was really strong.
Speaker 4: So the jet goes over had.
Speaker 1: Massive sound, just this huge thing flying and then in
about ten seconds.
Speaker 4: Share this.
Speaker 1: And I went and asked this pilot what is that?
He goes, that's the air coming back together. So it's
like this vacuum that's behind the jets. And so you golf,
I climb towers. But just then we'll get to Saudi Rabi.
Here and and and this, these these areas of the economy.
I don't think we should run a trade deficit. But
I'm look, I'll wear the plaid payments, uh, the white belts,
because that's what you golfers wear.
Speaker 2: Yeah, one hundred percent. Yeah, you're up on you're you're
up on golf thing. I can tell. Yeah, someone's been
reading their their golf weekly. I can tell.
Speaker 4: So you don't want me to golf with you? That's
got of heartbreaking.
Speaker 2: No, I don't think you want to do that, you know.
I mean, I I mean you're in, You're into submitting
yourself to like painful things. I gotta be honest with you.
I mean, I I feel like I feel like I'd
rather watch you do the seal fit deal then that.
I mean, that's just gonna be. You want to talk
about painful, I mean going out on a track. And
I got to assume you know you're down there, We're
probably it's probably not it's probably gonna be a pretty
nice track.
Speaker 3: Uh.
Speaker 2: And and yeah, it's I suggest you would be to anybody.
If you're gonna try golfing for the first time, don't
do it on a golf course. And if you're gonna
do it on a golf course, make sure it's like
a like a like a bad one, you know.
Speaker 4: Yeah, no, this is actually it's a world class course.
So maybe I'll just come and I'll be your caddy.
Speaker 1: Uh and I'll just give you advice and stuff on
on the angle.
Speaker 2: That Yeah, yeah, I love that if you will, and
you can focus on because the weather is gonna be hot.
Yeah right, And and you you can be like the
the refreshment caddy, you know what I mean, making sure
that we've got beverages things like you know.
Speaker 4: Like you know what I'm gonna do.
Speaker 1: I'm gonna come dress like a professional golfer and I'm
just gonna start handing out advice.
Speaker 4: I'm gonna read I don't we know everyone down there.
That's That's what I'm saying. Is I want to just
like I want to just hey, you know what kind
of helped me something. I know a lot about golf.
Speaker 1: Yeah, you like really need to do uh stuff?
Speaker 2: Yeah, all right, you got a hinge In turn is
what you tell them, and you're gonna be my wing doctor. Okay,
it's gonna be like, yeah, this guy. Do you know
what I paid to have this guy down here giving
me infection? You better listen to what he says. Man.
Speaker 4: You know what would be fun.
Speaker 1: You should bring some hondies and every time I give
you advice, you should hand me like five I'll give them.
Speaker 4: To you later. I just walk up.
Speaker 1: Okay, listen, I need you to change your thumb angle
here and like okay and just start handing me like
five hundred bucks.
Speaker 4: And people can what is this?
Speaker 3: Oh?
Speaker 2: This is every every time I hit a good shot
and be like, dude, that's on you.
Speaker 4: He's my grip coach. He's my grip coach. Man. It's
all about the thumb, all right.
Speaker 1: There's some areas of our economy that I do not
think we should run deficits, trade, deficits, energy, food, tech, weapons.
Speaker 2: And I believe we run surpluses and all four I
know that we do, and so we run trade well,
hold on, So the way we look at that is, yes,
you do run trade surpluses in uh in uh energy,
you run trade surpluses and food. I would be shocked
if we don't run trades surpluses and weapons. We have to.
And then what was allowed in tech? I know for
a fact we run trade surpluses in tech.
Speaker 4: Okay, good, so we should maintain that.
Speaker 1: But now know this, we're increasingly buying tech from China,
even for d O d ops.
Speaker 4: Oh yeah, we should not have for any foreign tech.
Speaker 2: No, and and and people do not understand how nuts
this is. Right, So you've got literally teams of Navy
seals using drones that were made in China with Chinese software, right.
Speaker 4: Like that, that's is that they don't have back doors.
Speaker 2: Oh I don't, I my my. My feeling has always
been if you find one that doesn't have a backdoor,
that's the anomaly, right, it.
Speaker 4: Has to be.
Speaker 1: We just found they found back door off switches in
solar panels made in China. Yep, so hey, nice country
you have there. Sorry, you don't have to be power
and oh yeah, we're gonna fight you with Navy seals,
the best fighting force in the world. Oh we know
they're better than our soldiers. But we're gonna turn off
their GPS, and we're gonna turn off the we're gonna
buying system and yeah, we're gonna we're gonna turn their
drones on them.
Speaker 4: So our drunes.
Speaker 2: And and you and you can do it right. You know,
Tesla's got a lot of issues that they've got to face,
and they're really up against it on a competitive basis,
which for anybody that's out there buying the stock right
here at these levels, be careful because the tariffs literally
had nothing to do with Tesla's struggles. Tesla's getting its
head handed to it by a company called b y
D out of China. But if you think about what
Tesla is manufacturing, they've proven that you can manufacture in
the United States right from from from from from start
to finish. Yeah, and when you think about drones, there's
no Look, will they be a little bit more expensive, sure,
but you can offset that with some tax breaks things
like that. But again, you can absolutely manufacture that stuff
here and we should, we suld, we should be doing that.
To me, it's an issue in national security.
Speaker 1: I have two friends in the drone business and they
make great drones, and one of them started making drones
when he was nineteen zach no kidding, dropped out of
college and I never had parents or panic like you
what You've got engineering scholarships and tech scholarships. And now
he makes drones for some of the biggest companies.
Speaker 4: In the world. And he's uh, twenty nine, twenty nine
years old.
Speaker 2: I bet he's probably not worried about retirement. No, no, no, no,
it has I mean, if he is given my number,
but you know, yeah, absolutely fine, I will.
Speaker 4: So President Trump goes to the Middle East.
Speaker 1: Some things of note here culturally, then let's get into
the economics of this number one. That man stood in
front of the royal the sati Row family and said,
I'm paraphrasing, no longer does the Middle East need to
have as number one export terrorism. Now it can be AI,
it can be it can be tech. And so he
went through some other things. I don't know that I've
heard since mister Guberschaft tear down this wall. I don't
know that I've heard a more potent and I think
braver statement right there on their land, in their palace.
And by the way, he's receiving standing ovations for the speech.
He then went on and praised the decision to support
their cultures they see it, and to build their nations
as they see it. He decried the nation builders the neocons.
But dang it, that's I'm sorry, that's a brave thing
to say. I think, yeah, I.
Speaker 2: Mean, but but it's also and I think you're getting
more sympathetic people in that part of the world. I
think you're getting some leaders that are sympathetic to that cause.
I know that culturally they're walking a tight line. But
I think it's incredibly brave. I also think it's the
kind of rave statements that need to be said, right, Like,
for instance, you know you need to be forceful about that.
You need to sit there and go listen. You know,
we can work trade deals out with you too. We
can help, we can, we can. But you need to
get your backyard squared away, right. And you need to
get your people to renounce this death cult that has
taken over too much of of your culture, and your
and and and your main religion. And you need to
focus on prosperity, right. We need to we need to
move away from this feudal, ancient blood letting that has
dominated that part of the world for so long, and
for their sake, right for for for for their sake
as much as the world's. And you know, there's there's
so much talent pen up all over the world. But
also you know in the Middle East there's there's there's
you know, there's so many resources, there's so much talent
pent up, and you know, and those things go hand
and right, economic DeVault. Where you have economic development, where
you have a thriving middle class, you're not going to
see these types of violent movements right or much much
less of them. Right opportunity When people have something to lose, shocker,
they tend to be more delicate about not wanting to
lose it right now.
Speaker 1: And there's going to be that the rich fanatics like
Kosama bin Laden and others who are not going to
move away from the death cult. But because there's this
inconvenient fact about the Kuran that it encourages killing infidels,
So that's inconvenient.
Speaker 4: That's probably not going to change. But I love that culturally.
Speaker 1: Now economically, here's what I'm looking at, and again I
always defer to your judgment. Here, six hundred billion in
Sidi commitments, largest defense deal in history, and you know,
if Boeing ever gets back to making airplanes, that could
be big.
Speaker 4: And I don't know if they're going to do that.
Speaker 1: And because they haven't delivered an air force one in forever,
and the UAA is looking at another one point for
trillion dollars, those are big, big numbers. I don't know
if there are long meaningful. But in terms of an
active presidency, that's active. He's doing four countries in four
days in May add a fifth. To me, this is
at least starting action in some economic activity that again
no one else did, Like figurehead Biden didn't do this,
he couldn't.
Speaker 4: So I want to be enthusiastic about this.
Speaker 2: I have.
Speaker 4: I have mixed feelings and doing business with any.
Speaker 1: Of these countries, but you know what, they exist, and
we live here together, we're on Earth together. We may
as well try to find some ways to cooperate and
maybe even we get a chance then to have more
Muslims come to Jesus.
Speaker 4: I mean, at least.
Speaker 2: There's that you will. In my opinion, that is the trajector,
that is, that is the vector that you have to
take right because increased trade, increased economic prosperity for them
will not equate to more radicalism. Well how big of
a how big of an impact, I don't know, but
it will right, It will not create more radicals, that
is for sure, right, And so I think that has
to be the way you're looking at it. How impactful
will it be, you know, over the long run when
we're looking back. Let's say you were to take economic
friendly policies and you were to extrapolate them out twenty
to twenty five years. Obviously, I think you're going to
see a much bigger difference over you know, a longer
period of time. How quick do you see a difference,
I don't know. But in my opinion, every human being
on this earth should have the right to pursue life,
liberty in the pursuit you know, life liberty in the
pursuit happiness. Right, And I you know, all too often
when we have these discussions about Middle Eastern countries, and
you know, whether it's Palestine, whether it's Saudi Arabi, whether
it's Katar, so much taught gets spent on the bad actors,
and people forget things like you know, if you look
at Gaza, if you look at Palestine. Right, Oh, they
voted for the no, they didn't. Hamas was voted into
power of what thirty two percent of the vote, right,
That means you got seventy percent of the population that
did not support these people. And I think that those
people get right. We see the bad actors and they
are kind of the headliners, and we forget about the
average people that want what we want, that want three
hots and a cop, want to be able to go
to work, to support their family, and they've got no
interest in strapping bombs to their vests or their children, right,
And so that is the average person over there, right,
And so I think it's the I think it's a
humane approach, I think, and I think it's can be
mutually beneficial.
Speaker 4: And now I think it's a momentum builder because I
think the rest of the world brings of this.
Speaker 1: We had the UK deal, we had at least the
China deal. This is a momentum builder. And it's also then,
I think an opportunity for the rest of the world
to look at that and go, well, Donald Trump's not
that bad of dude. He is not everything we've been told.
And by the way, this is I'm not a big fan,
that's not true. Sometimes I find the President's personally very grading.
But he's standing I think it was in the UAE
or guitar and he's in the palace and Trump looks
and he goes, nice house.
Speaker 2: That I'm sorry, and then he goes there, he goes
and what he said, he goes on, look at all
this marble. It is just this is what I'm a
construction guy. This is what we call perfecto. Yeah.
Speaker 1: Yeah, I like seeing anybody in their zone, and I
like seeing I like seeing the President in his zone,
and I like seeing those joy things. So there's one
other thing we need to talk about. It's the prescription
drug thing. Here in a second, Zach and I are
talking at a very high level about some very big
economic facts. I want to wind it down to like
three ninety nine, and this is a very simple decision
that you can make today.
Speaker 4: And it's three ninety nine, five ninety nine whatever.
Speaker 1: It's just this thing you wash your hands with, in
your body with. It doesn't seem like much, and maybe
it's not. Maybe it's just banal, and maybe you're just
going to continue to buy soaps with with whatever chemicals
in it, and and from what are their countries? And
maybe you're just gonna like continue to buy what's that?
Speaker 3: Uh?
Speaker 4: That brand? Every Man Jack? Is that that brand?
Speaker 2: Yeah?
Speaker 3: No.
Speaker 1: By the way, they were big into the mutilating kids
and they did a whole ad campaign pretending that men
are women.
Speaker 4: And I mean, then there's Dove soap.
Speaker 1: They had a great campaign that was talking about body
size for women, and then they shifted gears and then
it was Dei and that really saddened me. There's right
down at the very bottom there is a tiny little
company called Alan Soap and Alan's it's actually Alan Artisan's
Allen's Artisans Soap company, right down at the bottom in
terms of visibility, et cetera, but not in terms of mission.
Their mission is to hire people like Alan, who isn't
going to get a job anywhere else, even though he's brilliant,
just because he's nonverbal. He has he's high on the
autism spectrum. He's been through all these operations. He works
there because his dad, John started the company for him.
Now Ian works there, Ian's impacted by autism. Now Amy
works there, She's impacted by autism. The company, their soaps
are made in America. They don't have chemicals in them.
They are all natural they're gentle and John partnered with
a family. They make soaps for a living. It's what
they love to do. Three generations. Okay, bottom of the visibility,
highest end of the quality scale, the highest calling. All
lives matter, So choose how you wash your body. Go
to allansoaps dot com slash todd, Subscribe to soap there,
get ten percent off. Subscribe to the soap, make the decision.
Close the door on the other companies that don't favor
your values. All right, so zach, I am. I do
not like the administrative state running things. I do not
like the country being ruled by executive order to some
degree that ship has done sales. Oh gosh, I forgot
to tell you. I forgot to pay this thing off
President Trump. Just just side note. President Trump issued an
executive order that he can do to all the executive agencies.
No longer are they going to be able to invent
a law and put you in prison if you didn't
intend to commit a crime. If they can't prove state
of mind guilty, state of mind called mensrea. If they
can't prove that, no case and there to now take
every one of the forty seven or forty eight thousand
pages of federal regulations that no one can possibly read,
and they have to tie every regulation to a law,
to a statute. They have to connect the two. And
if they don't do that, then all done. They don't
get to charge sorry forgot to pay that off. So
President Trump, relying on Medicare Plan B as the hook,
has gone to pharmaceutical companies and said we're going to
have most Favored Nation status in America. You have been
having us pay for R and D for the rest
of the world. You've been overcharging Americans by thirty to
eighty percent sometimes higher done if you want to be
in Medicare Plan B. And this is a major bit
of leverage.
Speaker 4: And there's examples.
Speaker 1: A guy did this on social media and I was
going to grab this for a show next week. He's
been going back and forth to Mexico purchasing things like antibiotics,
heart drugs, things that are life saving. Antibiotics down there
were forty eight bucks up here, it was two hundred
and forty four dollars same drug. So on, I don't
like that presidents can do this, but it's not getting
done any other way, and he's only doing what Congress
lets him. Do I think this is huge from a
perspective of pushing back on pharma.
Speaker 4: I think this is a huge.
Speaker 1: Restructure and it's going to require them to be creative
and maybe even compassionate.
Speaker 2: Haha. Maybe pharma should have taken some of the ill
gotten gains they got from pushing a gene mutating elixir
that they called the VAT vaccine. And we're given indemnity
on any future liability, right, maybe they should take some
of those ill gotten gains and use them to pad prices.
This to me is like the pharmaceutical version of the
NC double A. Right, the NC DOUBLEA is set to
mess right now, and you got all these nil stuff
and people are like, oh, ruin the game. No, the
NC double A ruined the game when they wouldn't allow
coaches making five million dollars a year to buy one
of their scholarship kids a plane ticket so they could
go home and see their mother before they died. Right,
That's why the NC DOUBLEA has lost all power. The
pharmaceutical companies should have come to the American people with
their own solution instead of trying to skin us right
and get us to subsidize drug prices for the rest
of the world rather than rather than trying to take
total advantage of the city. So my whole thing is
I think what he's doing is appropriate. I don't like
messing with companies and telling them what prices that they
have to use. But those companies are dumb, they're stupid.
They overplayed their hand. And when they do that, and
the other thing too, is when they are willing to
go to other nations and negotiate those prices with their
socialized medicine system, medical system, then if you're doing it
for them, do it for us. One hundred percent. They
brought this on themselves. This is not price fixing. This
is sitting there saying, look, you are benefiting off of
our system, our science, our brains, our academic institutions. At
the very least, you're going to give us the same
deal you're giving everybody else.
Speaker 4: Yep, yep.
Speaker 1: And by the way, this and this is now, this
is confirmed through RFK Junior, This is confirmed through other sources.
Speaker 4: And do you know that.
Speaker 1: The COVID shots were actually developed by the DD Defense. Yes,
k Jor has confirmed this, So it was a Pentagon op.
They handed this stuff over to Maderna advisors to make
that should that should drive everybody.
Speaker 4: Into all we need to know why.
Speaker 1: The big question is why the Defense Department, and you
mentioned the waiver they got. I'll say again, I may
be the I may be the guy dying saying this.
There will be people who remember the Seattle radio show
when I was the one guy, the one single dude
talking about kids getting you know, tranced, right, the one guy,
the one guy talking about the sex ad. I'm going
to be the one guy who dies saying, no one
in America got injected with the shots that had the
vaccine waiver, not a single person.
Speaker 4: It never went in an arm. Therefore, they could be sued.
Speaker 1: So President Trump and this might be behind the scenes
things act. Trump has yet to criticize the shots. RFK
Junior is towing right up to it. One of his
key advisors US said the shots are probably lowering reproduction
in America by sixty percent, Steven hat Phil and he's
pointing to causation. They're getting right up to maybe they
should be banned.
Speaker 4: Trump won't say it.
Speaker 1: I could see Trump going to the pharmaceutical companies saying, guys,
I'm gonna make it. I'm going to make your lower
costs because because my base hates you, I'm going to
make your lower costs and then I'm not going to
go after your shots or your liability.
Speaker 4: Do you see what I'm saying? Yeah?
Speaker 2: And not enough people know this when you understated, like
so this technology had been around. The reason and I
know you know this, yeah, but the reason it hadn't
gotten rolled out. One of the specific things that they
were concerned about is its negative impact on the female
reproductive system. This was known. They didn't tell you this, right,
And I've long thought that there's got to be room
in there somewhere because an indemnity clause, at the very
least that protects the pharmaceutical companies. It doesn't protect the government. Right.
And we got lied to, right. They are one hundred
percent of sy op yep, and they out and out lied.
So when you out and now lie, right, that that
foregoes any indemnity clauses or anything like that which you
pointed out. I mean that's the you know, the way
the legal system works, right, it's it's it'd be the
same as making you know, entering into a contract, a
contract under false pretenses. Yeah, right, the contracts no one.
Speaker 1: Void, no one got, No one got, no one got
from consent because no one was told these are genen sequencers.
The actual shot, the commodity shot. I'm not saying that
there correctly. The actual shot that actually got the waiver
never went into an arm. They used a different formulation,
so you didn't even get that. There's so many ways
to go after them on this well.
Speaker 2: And and like you and I talked about too, and
I pushed back against this every time. It was pushing
back thoseciferously when it first came out. It's FDA approved. No,
it is not right. It is not FDA proved because
it did not go through the FDA trial process. They
might have rubber stamped it, but it is not FDA
approved unless it went through the process. And one of
the processes, one of the key parts to the whole
thing is the time it takes to get through the
FDA trials, because you need that amount of time to
see the results on trial one, you know what I mean,
Like that's the that's the way all this stuff works.
So it's FDA approved, No, it isn't. It never was.
It isn't. And if you have any doubts on this,
you can go listen to Robert Malone talking about it
as early as March of twenty twenty, saying they're going
to roll this out and here are the negative ramifications
that could occur, myocarditis, human reproductive issues. If he's a
crackpot and this is all made up, how did he
know that before the vaccine was even available?
Speaker 4: Right?
Speaker 1: Well, and one of the guys who invented the mr
ANDAs a platform. You know that about Malone, But then
take Gert van den Bosch, who invented vac scenes for
the Billian go mindla the Gates Foundation who invented them
for for murk And actually he said.
Speaker 4: Heart attacks, birth rates, He predicted all this.
Speaker 1: Yep, and that they should and community college dropouts like me, going, wait,
you're going to force people's bodies to produce a poison.
That seems like a dumb idea. I learned that at
Spoken Falls Community College, Right.
Speaker 2: That's it? Well, I mean that's a that's a heck
of a higher learning institute.
Speaker 1: Well, what I played my one year of little tiny
college football compared to your fancy dan for your college.
I remember, I remember during a social studies class. I
remember the teacher's name. I shouldn't say it because why
that He was a big, kind hearted former football player,
taught sociology, and he said, I know what, football players
have a game tomorrow, so allow them to take the
test ahead of time.
Speaker 4: Go back to my office.
Speaker 1: So I sitting there, Okay, he let us go to
his office. We didn't have a game the next day.
Sit down at the table. There's the answers to the
quiz at a stinking community college. Like it's sitting there
right on his desk, And I'm like, is this a
sociological experiment?
Speaker 4: Maybe he's filming us.
Speaker 2: Yeah, I didn't run into any of those professors.
Speaker 4: Yeah, I know, I know.
Speaker 1: All right, spend a good, good time with you. I'm
looking forward to hanging out with you in Mexico. Renewed
Healthcare and Zach's website.
Speaker 4: No, you're as radio dot com. This is the Todd hermershell.
Speaker 1: Please go be well, be strong, be kind, Please make
every effort to walk in the light of Christ.