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Speaker 1: So it's Davos week and a lot's going on back there.

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How much of it makes sense. We'll talk about that

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with Zach Abraham. Also, by the way, is this is

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it true that people are hoarding physical silver and take

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it away from the country and talk about this with

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the help of Borward Capital Management. No yourskpodcast dot com

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ends God Almighty, But.

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Speaker 2: Todd Herman show is one percent disapproved by big pharma

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technocrats in tyrone s everywhere from the high mountains of

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Free America. Here's the Emerald City exile.

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Speaker 1: Todd Herman. Today is the day the Lord has made,

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and these are the times to which God has decided

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we shall live in. Joining me my brother and friend

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Zach Abraham Chief Investments or Borwart Capital Management. Tell them,

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my brother are doing good Man, good I am. I'm

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kind of dealing with some rumors. It's not very often

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My wife comes to me and says, please ask Zach

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to tell me if this is true or not. Are

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billionaires buying up all of our physical silver and taking

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it away so we can't have access to that? Is

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that going on?

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Speaker 3: No?

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Speaker 4: Are are people accumulating metals? Yes?

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Speaker 1: Okay?

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Speaker 4: Is it a situation where they're accumulating them, taking them all. No,

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and that's not what's driving the price. So let me

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explain to you what's going on with silver. So, first

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of all, what we see going on right now is

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very typical in a metals bowl market. Usually the very

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almost always the very first metal that appreciates is gold,

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and then silver typically plays a catch up game, and

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usually you're going to get your biggest overall returns in silver.

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Now is it a good time to buy silver? I

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don't know. We were accumulating silver mining stocks when it

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was between you know, twenty and thirty bucks. I obviously

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preferred it there. But what is driving the price in

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silver is real and the biggest driver of the price

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in silver, it's a supply and demand story. So one

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of the biggest silver is a phenomenal conductor of energy. Okay,

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So one of the biggest uses and increased demand on

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it is the proliferation of solar. Now, solar is still

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a good ways away from being ready for main you know,

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mainstream or like base power loads things like that. Yeah,

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but increased battery technology, specifically coming out of China, is

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making solar quickly a much more feasible source, right and

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my thing from the very beginning has been that's how

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we should do it. We don't have anything against solar.

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What we have is when it's being pushed down our throats,

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when it's completely uneconomic, you know, uneconomically viable, right, what

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we should do is sit there and keep working on it,

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and when it becomes viable and for the big time,

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then we can move it. We're getting to that place.

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So silver is a massive component in solar solar panels, right,

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And as battery technology gets better, you will see increased

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solar panel usage and and I and I think it's

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a great thing. I think it's going to allow more

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people to be off the grid, you know, and store

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that energy, and it's good development. Here's the other flip side,

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and this is something that we've been talking about for

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the better part of the last twelve years. Had you

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had a metal bowl market from the late nineties up

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until twenty eleven, right when gold hit its previous all

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time I that was sixteen years ago. Gold fell out

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of favor big tech, right, the story of the last

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fifteen years came came online big cap top us tech,

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and what you saw was one of the longest bear

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markets for gold and history, and what you saw over

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that that whole period of time was net negative, new

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minds being opened. So let's think about what's happened to

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the growth of the Chinese economy. Let's think of what's

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happened to the population growth over the last fifteen years,

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GDP growth, all of these things, and now soul are

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becoming viable. So you were effectively shrinking the supply of

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silver while you were bringing online this whole new demand

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for it, right, And that's where you're seeing the volatility

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and price because you just don't have a supply response

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that's ready to meet this increased demand. So now if

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we are talking about I still think that there are

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tremendous opportunities left in silver miners. I think the silver

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metal itself is much less attractive here. The other thing

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we want to keep in mind is if we're looking

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for the best hedge against inflation, that is always going

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to be over the long run.

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Speaker 3: Gold.

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Speaker 4: Why because gold is what central banks buy, and the

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reason they buy it is scale. Think of the size

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of the building. If my goal is to hold a

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trillion dollars worth of gold, think of how much smaller

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of an area I can hold that in versus silver, right,

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It just it makes more It just makes a lot

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more sense. And you know it is gold has always

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been considered the supreme monetary metal. So now are people

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hoarding silver and is that also increasing price dynamics? Yes,

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Like I said, what that's not not happening. All of

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these things are contributing to the price going up. But

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it's not a conspiracy. Nobody's looking to you know, corner

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the market on it. This isn't a rerun of the

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Hunt Brothers in the early early eighties. This is an

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issue that you could see coming for fifteen years. When

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you go fifteen years of economic expansion and economic growth

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and you have negative net new mine openings in any metal,

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it's going to cause an issue. And one of the

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biggest issues it's going to cause is unlike oil, if

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we have an oil short the industry has shown many

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times it can respond in force within six months. That's

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not the way the mining industry works. When you identify

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a new ore body in the ground, conservatively speaking, you're

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ten to twelve years out before you start extracting any metal.

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So now does that mean that silver prices are going

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to star for tenure? No, what you're gonna see is

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you're gonna see more recycling. And there's a certain point

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where the cost of silver will get to where it's

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to a level to where it makes switching to other

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alloys and other mixes of different metals, you know, viable.

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Where is that level, We don't really know. We don't

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know yet. I think silver's days of below fifty bucks

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are probably over for at least a very long period

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of time. Because remember, what you've got to do now

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is you've got to hold and maintain a price level

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level on silver, and you've got to hold that level

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for long enough for it to inspire people to invest

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in opening new silver mines. Right, So, for people are

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worried about silver price collapsing back to thirty, if it does,

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you will have a massive demand problem once again. Right,

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So those dynamics aren't gonna shift. We got to figure

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out where that right price of silver is. My belief

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is it's probably somewhere between current levels and fifty bucks.

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But when you understand the supplying demand dynamics in that market,

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you cannot discount the ability for silver to go considerably

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higher from here. But like I said, I would play

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it via the silver miners, not the metal itself right now.

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Speaker 1: Kah, Yeah, well said. And I want to ask you

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a question and have you think about it, because there's

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a glib answer you could give, and you could say

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just because we're that good, and you could do that

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because you are. But I want you to think about

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why you buy silver mines and those operations and for

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whatever reason the bigs don't, which is your advantage. You

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are stewarding our retirement funds. Other people should have you

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stewart theirs. But I want you to think about why,

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and we'll answer that in just a just a quick

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question moment. Did you know it's Did it occur to

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you that it's a centennial and fifty year Anniversity of America?

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It's a birthday?

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Speaker 4: Yeah, twenty six.

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Speaker 1: Yeah, so Tim Crukshank has put together a bag of

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coffee for this exact instance. Is two hundred and fifty

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year Anniversity the United States of America. And if you

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don't know Tim yet, because you're new to the program,

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you've joined us from afar, you've discovered us on YouTube.

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Thank you for coming over. Tim is a retired Navy seal.

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He did three deployments on our behalf, including fighting wars

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in the Middle East.

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Speaker 4: On behalf.

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Speaker 1: He was a medica attached to the seal teams. He

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fought battles in Babylon, and yes, it occurred to him,

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My gosh, this is Babylon. Tim is a Christian man,

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unbelievable love for a country, obviously because he went to

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war for us. So this is called the spirit of

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seventy six. And as Paul Revere on the front to

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off by sea, of course, this is God country team

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on it. Tim didn't go with a fancy brew. He

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didn't talk about a nutty aftertaste or chocolate undertones. Toss

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all that this is a man's coffee that women might

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love as well, because it's how coffee was designed. It's smooth,

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it's balanced, it's not its cidic, but it is deep,

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it is full bodied, it is rich, it is robust.

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It's how coffee is supposed to be in a country

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that was supposed to be people to drink. Actual coffee

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is Bonefrog Coffee dot com slash todd. Use promo code

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todd to get tempercent if your first purchase fifteen percent

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off subscription coffee. Bonefrog Cooffee dot Com slash tod so

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the bigs, Zach, and by that I mean, of course,

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not that you guys haven't. God has blessed you. That

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you told the other day you're nearly a billion under management,

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which is incredible. God just has blessed you so much.

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But why do the bigs not say, hey, let's go

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upstream from the product silver and go buy the people

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who are going to dig in the ground and get it.

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Because you just said that silver may not you know,

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may not go through this roof thing anymore. Is it

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going to continue to go up? But the demands there,

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and they're the ones who dig get out. Why don't

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they get that?

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Speaker 4: So it's a great question. Okay, First and foremost people

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need to understand that in the financial industry there's a

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there's a saying, and it's been applied to other industries,

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but it's especially true in this one that it's better

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to fail conventionally than it is to succeed unconventionally. And

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and it's we're always playing a game of relative performance, right,

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And so if you the biggest the biggest risk to

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a UM assets under management in this business is underperforming

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your benchmark for an extended period of time, Okay, But

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Here's the thing that nobody tells you. You have to

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be willing to underperform your benchmark for a period of time.

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If you want to outperform over the long run, you

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have to and but it but it we live so

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short term view. It was like, look, man, it was

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like in twenty twenty four, market was up twenty three percent.

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We were investing in stuff like this, international value gold, silver,

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things like that. It started to move then, but it

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didn't go up as much as the market. The market

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was up twenty three percent twenty twenty four, right, and

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we were up sixteen. We had several clients leave, not

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a lot, but several. Oh, you had have performed by

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too much. Well, Flip around to the next year, market's

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up sixteen, We're up thirty seven, right, right. Flip around

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to this year markets down a half a percent, were

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up nine right. So But my point is one of

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the reasons we've had these this run is because we

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were willing to underperform in twenty twenty four. Why do

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we feel this secure, Why do we feel the ability

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to do that. We lost a few clients, but we

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think that our clients buy and large are people that

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see the world similarly to the way that we do.

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They're patient and more wise, I think than most retail

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investors because they've come from places like this, Right, they've

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come from you know what I mean, Like we think similarly, right,

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So they're not sweating me the fact that our gold

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stuff didn't bounce as much as the market did in

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twenty twenty four. And then the other part of it

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is based on just size. So we manage right around

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a billion dollars. And every time I say that out loud,

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I get I blush and then also feel simultaneously just

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incredibly grateful. Like somebody was like, you know, that was

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probably a big goal for you guys, and I was like, no, man, no,

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paying the bills was the goal, right, you didn't even

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you didn't even. Yeah, God's God had bigger dreams than

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I did. So it's one of those it's kind of

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crazy to hear. But bottom line is that's a lot

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of money, but it's not as much as a lot

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of these big funds, right, not anywhere close. And so

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what that allows us to do is it allows us

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to be much more nimble go into things. And here's

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the deal. Like, if you're swinging a twenty billion dollar

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mutual fund portfolio, and you want to pick up a

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five percent position in a minor, you probably can't do

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it because for most miners, a five percent position probably

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made up fifty sixty, maybe even eighty percent of the

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total value of the company. Right, so you can get in,

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but how are you gonna get out? Right? It might

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take you a month and a half to unload those shares.

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And so a US being smaller is an advantage. But

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then also you know, just the the ability to think

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outside the box and just say, look, guys, no trend

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continues forever. We believe the value and the fundamental value

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is over here. And if that means that we have

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to underperform for a year or two, then so be it.

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My job is to put my clients in the position

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where they get the best risk versus reward. And you know,

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when when we're in there buying gold and silver miners,

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that's you know, fifty percent of their net asset value.

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I can't tell you when that's going to pay off,

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but it's going to and you know, and you know,

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that's what we were saying a year and a half ago.

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And if you had asked me if I thought that

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our mining stocks would be up as much as they

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are now. No, I also didn't think gold would be

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at forty seven hundred. But one of the things you

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realize about it's like life, right, investings like life. If

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you do the right things in a discipline, consistent manner,

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these things happen right a lot of times it ends

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up being better than you can imagine. Why did we

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identify it because we weren't looking at relative performance. We

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were looking everywhere to find the best financial setup for

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our clients, regardless of what the talking heads on CNBC say,

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regardless of how much hype AI is. And as a

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matter of fact, when you hear these hype stories, when

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everybody's pumping the same narrative, what you know instantly is

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that the best investments are somewhere else.

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Speaker 1: And this is what's so endemic to corporate America. You said,

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it's I think your axiom is it's better to fail

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convention then succeed in a novel thing.

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Speaker 2: Right.

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Speaker 1: Yep, it's a paraphrase. So if you were to look

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at this from a lifestyle perspective, let's just look at

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this from a lifestyle perspective. You can be in traffic

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flow and You can be the guy who looks up

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ahead and goes, oh, it's some uh see some emergency

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lights up there. Oh, there's an ambulance and a police car,

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and you're the guy going okay, bailing out, And you

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can be driving with someone who's a go with the

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flow person. What are you doing? I'm getting off of Madison,

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Well we're going to the U District. Yeah, I'm not

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through here because I'm not going to go to the

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Ship Canal Bridge because I see this. Well wait, which

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but yeah, I'm going to go back. We're going to

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go over Madison Hill, will go back in and well

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what are you doing? Well everyone else you know, and

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it's the traffic flow thing. They're going to stay with that,

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and they will be the people on the Ship Canal

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Bridge for the next two hours on their cell phone. Sorry, late,

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can we do a zoom meeting because they're going to

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go with this flow because everybody does this, So you

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have and you literally have people who are responsible for

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the retirement of human beings who want to be able

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to say to them, well, yeah, I mean we failed

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that everyone else did. That's literally it. But because everyone

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else is doing it, that's literally.

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Speaker 4: Exact oh yeah, well yeah you're down. Look you're down

301
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fifty five percent, but the market's down sixty three so

302
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you should be thanking us, right, yeah, and not everybody

303
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of course. But but and this is the part where

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you know the old adage, people go, hey, it's business,

305
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it's not personal. It is personal. It's really personal. It's

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personal for us. Yeah, yeah, it's really per So but

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this is the thing and they if you're looking and

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this is where that conflict of interest comes in, if

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you're looking at those financial advisors, with those money managers,

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when it comes to their own business, they're making the

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best decision for their own business because over the longer run,

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meaning the biggest risk to their business is underperforming the benchmark.

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That's why they lose money if the market's down. They've

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done these studies over and over. You do not lose

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clients for big market drops if you go if your

316
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clients lose too. Where you lose clients is if the

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market goes up and they don't. Okay, that's the number

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one reason guys leaving clients. But they're making the decision.

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The reason they hug the index, And what I mean

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by that is they have a portfolio that actually tracks

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the index or is very similar to the index, is

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because they want to do what's best for their business.

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So what happens when you're a professional investor and you

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sit there and go, I know I'm taking a business risk.

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But US equities have never been more expensive than they

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currently are versus gold, versus international equities, versus all these

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other things. So I know I'm taking a business risk.

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But as a fiduciary of my client's money, should I

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keep them concentrated in an asset class that has never

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been worth more relative to its peers, or should I

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do what I know is right for them over the

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long run and start diversifying them into these other beat

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down asset classes. Well, I think the answers. I think

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the answer is, you know, pretty obvious, but you got

335
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to be willing to do it, and most guys are.

336
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It's just it's just the way the financial industry works.

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The portfolios are managed the way they're managed not for

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you to get the best outcome. It's for the for

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the company to make the most money. I just you know,

340
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it's business, Okay.

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Speaker 1: Business is business. God is God's we got to talk

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about Davos World Economic Forum Gavin Newsom took sort of

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a rhetorical being from Scott percent and then though I

344
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got to get to this this energy thing, and this

345
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was the boss man Larry Fink of the World Economic Forum,

346
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but black Rock, because he's now helping to run the WF,

347
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he made sort of a mission about power. We need

348
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to talk about that. But I do want to pick

349
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up on what you said about businesses, business and then

350
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that think God is God with a question about where

351
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you've seen people really steward their money really well with

352
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the gifts God's given him to help others to build

353
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the kingdom where people have not done that, and all

354
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share some with you. In just a second, we'll continue

355
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to talk with Zach Abraham, Chief investment Officer, Bolder Compromising.

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Let me just tell you, guys, when I talk about

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things on the show, it's because they do things like

358
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I'm negotiating with a solar company to put solar in

359
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our house. If this works, we will bring them on

360
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as an advertiser, but only if it works in our house,

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and only if I can tell you that we're energy independent,

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then we'll do that. Likewise, we have a conversation going

363
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with a medical sauna company. Did their promises hold true?

364
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Because I'm not going to go put my body into

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a medical saun if it's not good for me. And

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I'm not going to tell you you can reach energy

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independence with a new solar company unless I can. And

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let me just give you this sex. This is between

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my wife and I. She wrote to me and said, hey,

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I know you're busy, it might be worth reaching out

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to our friend. She's looking at doing a stem cell

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treatment in America, but she needs to understan and you

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know the difference in Mexico and why that's better? Would

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you call her? So my wife sent me a friend's number.

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I said, are you okay if I call her after work?

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And so I'm gonna pick up this phone and I'm

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going to call a friend we do things with, and

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I'm going to talk with her about the renewed process

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versus America's process. This is someone I'm gonna have to

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look in the eye on Christmas, on New Year's Thanksgiving

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dinners out, I talk with her husband. They're friends, they've

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been friends for a long time. Both of them listen

383
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to the podcast. They also listen to My American Family

384
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radio program. So not only are they aware of the

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show and renew that's why they're reaching out. But that

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I will look her in the eye and say, don't

387
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give in to the junk process in America. It is

388
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far better in Mexico. I'm doing that not to get paid.

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In fact, I don't even want the commission we would get.

390
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That's not the animating force. I want it. I'm not

391
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gonna lie, but that's not the animating forces to tell

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truth to a friend. So look, if you are being

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told you have to have surgery, you may not have

394
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to have surgery. If you're being told that the ED

395
00:21:04,359 --> 00:21:06,319
problem you have is got to have a pump installed

396
00:21:06,359 --> 00:21:08,440
or take pills, that may not be the case. It's

397
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probably not the case, mail pattern, baldness, traumatic brain injury.

398
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How can stem cell solve all these things? Because they're

399
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rebuilding cells and in Mexico it is far better a

400
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process here there than we can do here. Because of farmer.

401
00:21:21,839 --> 00:21:24,000
Go to renew dot Healthcare. It's r E n U

402
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E dot Healthcare telling me you're part of the Todd

403
00:21:26,519 --> 00:21:28,599
Hermanshaw family. And I'll do this talk later with our

404
00:21:28,640 --> 00:21:32,119
friend Renew r E n U E dot Healthcare. So

405
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Zach Abraham chief investment officer for Bulwet Capital Managements. You

406
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have talked about God's grace in your life. You've talked

407
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about a time when you didn't have a billion dollars

408
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in their management, and you do everything you can to

409
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steward funds for people and also though, make sure that

410
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you're building the kingdom. And there's some examples I've seen

411
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recently of men I want to be able to do this.

412
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This was a very cool thing that there's a guy

413
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at church. He's made a good, fair bit of money.

414
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Hard working dude used to be a drug dealer way

415
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back in the day when yeah, when he was twenty four,

416
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he bought directly from the cartels.

417
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Speaker 4: Oh jeez.

418
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Speaker 3: Yeah.

419
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Speaker 1: So because he's not a stupid man, he was this

420
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young guy dealing drugs. He's nineteen, going, wait, why am

421
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I buying my drugs from another nineteen year old? So

422
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he finds out who that supplier is and then finds

423
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out who's the pliers. So here he is twenty four

424
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dealing with big time cartel dudes and he's getting the

425
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product pretty much from the source. And you know, when

426
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he left that life and came out to gave you know,

427
00:22:30,480 --> 00:22:32,640
and went back to Jesus and left all that. He

428
00:22:32,680 --> 00:22:34,759
had to move out of States because the cartels aren't

429
00:22:34,799 --> 00:22:38,920
big fans of you quitting the business. He's overhearing a

430
00:22:38,920 --> 00:22:42,960
conversation with pastors, and the pastors are talking about, you know,

431
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if we just had a building to do that. They

432
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wanted to start a mental health facuilding and a place

433
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where you know, young guys could go get their lives together.

434
00:22:51,519 --> 00:22:55,279
They just didn't have the room. He overhears this. He

435
00:22:55,319 --> 00:22:57,200
walks over the table and goes, hey, you know, I'm sorry.

436
00:22:57,240 --> 00:22:59,440
I didn't mean to overhear. I just couldn't help it.

437
00:23:00,119 --> 00:23:03,240
How much money we're talking about here? Oh, I don't know.

438
00:23:03,319 --> 00:23:05,200
The place we're looking at is probably you know, a

439
00:23:05,200 --> 00:23:10,200
million dollars. I'll buy it. Let me just donate it.

440
00:23:11,240 --> 00:23:13,319
That's awesome, and let you guys use it. I just

441
00:23:13,359 --> 00:23:16,839
need to our structure. And they're looking at him, mouth opening.

442
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He goes like, do you do you have the place selected?

443
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Speaker 4: Yeah?

444
00:23:20,440 --> 00:23:21,839
Speaker 1: Well, let me just give you the check.

445
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Speaker 4: That's awesome.

446
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Speaker 1: And so what the consequence or the result is going

447
00:23:26,359 --> 00:23:30,480
to be is this place will be part mental health prevention,

448
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helping people in who are at risk. It's a non

449
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pharma approach. It's very much grounded in Christ. And they

450
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own the property now now they're just going through the

451
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process of hiring the people. And they were afraid to

452
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go back to my friends and say, hey, could you

453
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help us with some employment monies. So you talk about

454
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stewarding money, well, you'll have young men who could have

455
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been headed for jail or prison instead, maybe headed in

456
00:23:59,759 --> 00:24:01,680
the middstry. Whatever the miness she's going to be, but

457
00:24:01,720 --> 00:24:03,720
she knows, Zach, they're going to know this came because

458
00:24:03,759 --> 00:24:06,440
a guy gave his life to Christ. Because I guarantee

459
00:24:06,480 --> 00:24:08,559
my buddy is going to be able to go there

460
00:24:08,640 --> 00:24:12,039
and witness and give his testimony. That's a great example.

461
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What a thing to be able to do to stroke

462
00:24:14,440 --> 00:24:15,079
a check like that.

463
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Speaker 4: Yeah, and and I think it. I think it. I've

464
00:24:19,960 --> 00:24:25,279
seen it work both ways with with with believers. Yeah,

465
00:24:25,359 --> 00:24:30,000
where they stay on track and they have stories like that.

466
00:24:31,240 --> 00:24:36,119
I think the biggest from from personal experience and then

467
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being able to watch it and see it in so

468
00:24:38,160 --> 00:24:41,799
many different different folks. I think the I think the

469
00:24:41,880 --> 00:24:46,359
key is is to not get wighed down like one

470
00:24:46,400 --> 00:24:49,440
of the one of the temptations. They're one of the

471
00:24:49,480 --> 00:24:53,559
pitfalls for when you have big financial success is to

472
00:24:53,640 --> 00:24:57,920
acquire different things that you can that you you couldn't before, right,

473
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And one of the problems with that that nobody ever

474
00:25:02,880 --> 00:25:06,279
thinks of and nobody ever sees coming, is that you

475
00:25:06,319 --> 00:25:08,839
go from a place of use, like you go from

476
00:25:08,880 --> 00:25:11,680
a place of total financial freedom to not And and

477
00:25:12,079 --> 00:25:14,720
even though you've bought all these things, your balance sheet

478
00:25:14,799 --> 00:25:18,160
might look better, or your balance sheet might still look great,

479
00:25:18,200 --> 00:25:20,920
and you might have plenty of liquid cash, but all

480
00:25:20,960 --> 00:25:24,960
of those other things you own take some level of care,

481
00:25:25,599 --> 00:25:28,200
take some level of planning, take some level of thought.

482
00:25:28,599 --> 00:25:31,720
And what you end up seeing is that people inadvertently

483
00:25:32,359 --> 00:25:36,240
begin to almost like serve their own assets and lose

484
00:25:36,440 --> 00:25:40,440
track of what they were really given those blessings for.

485
00:25:40,720 --> 00:25:45,200
And it's not a it's not a nasty intent, it's

486
00:25:45,279 --> 00:25:48,720
not greed. It's oh, I've got these other things that

487
00:25:48,759 --> 00:25:51,000
I need to look after. Yeah, you do need to

488
00:25:51,039 --> 00:25:53,759
look after them. That's one of the reasons, though, why

489
00:25:54,079 --> 00:25:56,799
I think we were asked to live, you know, somewhat

490
00:25:56,839 --> 00:25:59,079
meagerly or and honestly. And we all have to define

491
00:25:59,079 --> 00:26:02,000
what that is in our own mind. But it's that freedom.

492
00:26:02,039 --> 00:26:04,480
It's it's that financial freedom to be able to meet

493
00:26:04,480 --> 00:26:06,599
a need when you see it. And if you're way

494
00:26:06,640 --> 00:26:09,720
down with all these other different things, you've got to

495
00:26:09,720 --> 00:26:12,480
make business decisions, right. You're like, hey, I got to

496
00:26:12,519 --> 00:26:13,880
make the payment on the yacht, or I got to

497
00:26:13,880 --> 00:26:16,440
pay for the yacht slip you know what, will donate

498
00:26:16,480 --> 00:26:18,240
to that charity, but we will have to do it

499
00:26:18,279 --> 00:26:21,799
sixty days from now, like and you might. Still. My

500
00:26:21,960 --> 00:26:25,319
whole thing is keep you know, keep they talk about

501
00:26:25,319 --> 00:26:27,359
this in sports all the time. But keep the main thing,

502
00:26:27,400 --> 00:26:32,000
the main thing, right, meaning organize your financial life. Prioritize it.

503
00:26:32,400 --> 00:26:32,559
Speaker 2: Right?

504
00:26:32,559 --> 00:26:35,799
Speaker 4: What is your priority? And if you've been blessed enough

505
00:26:35,799 --> 00:26:38,920
to be given financial freedom, I think it's incumbent on

506
00:26:38,960 --> 00:26:43,160
you that your your utmost financial priority should be to

507
00:26:43,160 --> 00:26:46,480
give to the kingdom Like that if right, because the

508
00:26:46,519 --> 00:26:49,279
only reason God has trusted you with more than others

509
00:26:49,359 --> 00:26:52,960
is because he trusts you to give it away and

510
00:26:53,079 --> 00:26:56,400
not everything. I'm not saying that, but but prioritize it.

511
00:26:56,519 --> 00:26:58,599
And that to me is what I think happens a

512
00:26:58,599 --> 00:27:00,559
lot of time, and I've seen it can creep up

513
00:27:00,559 --> 00:27:02,960
in my own life where you're like, no, no, no, hold

514
00:27:03,000 --> 00:27:05,799
on a second, I can't make that move because that

515
00:27:05,880 --> 00:27:08,599
move jeopardizes my ability to fill a need when I

516
00:27:08,640 --> 00:27:11,880
see it. And you know, just keeping the main thing,

517
00:27:11,960 --> 00:27:13,839
the main thing. It's all about prioritization.

518
00:27:14,240 --> 00:27:17,920
Speaker 1: I heard someone the other day to riding. There was

519
00:27:17,960 --> 00:27:20,759
a pastor who spoke at a church, a guest pastor

520
00:27:21,400 --> 00:27:32,599
who said, if you're giving, isn't sometimes hard, Like if

521
00:27:32,599 --> 00:27:35,240
you're not sometimes tempted to back off because you might

522
00:27:35,279 --> 00:27:39,240
be in a season, or let's say money's tight and

523
00:27:39,319 --> 00:27:41,240
you're tempted to say, you know, what we should reduce

524
00:27:41,240 --> 00:27:45,359
are what we give the church. And if you're not

525
00:27:45,440 --> 00:27:49,519
tempted that way, sometimes then you're not giving enough. And

526
00:27:49,799 --> 00:27:53,480
you know that promises that the Lord may test him right,

527
00:27:53,759 --> 00:27:56,000
this is the there is a you can test the

528
00:27:56,039 --> 00:27:59,079
Lord on this. He wants to be tested with financial faith.

529
00:28:00,279 --> 00:28:03,799
Do you think that people who have earned much, or

530
00:28:03,880 --> 00:28:06,839
you could say, been given much, do you think that

531
00:28:06,920 --> 00:28:11,440
their donations to the kingdom to build God's kingdom? Do

532
00:28:11,480 --> 00:28:14,480
you think it should be prayerful and sometimes hard to

533
00:28:14,480 --> 00:28:16,599
write a check like that? Like my friend when he

534
00:28:16,680 --> 00:28:20,319
wrote that check, I never did say did that hurt?

535
00:28:21,000 --> 00:28:25,680
That's a lot of money. It didn't appear to hurt

536
00:28:26,079 --> 00:28:27,839
the way he told the story, and I don't know

537
00:28:27,880 --> 00:28:30,200
what the conversation was with his wife when he got home.

538
00:28:30,240 --> 00:28:30,640
You did what?

539
00:28:31,599 --> 00:28:33,319
Speaker 4: You sorry?

540
00:28:33,359 --> 00:28:33,720
Speaker 1: You did what?

541
00:28:34,480 --> 00:28:34,960
Speaker 4: Yeah?

542
00:28:35,000 --> 00:28:37,599
Speaker 1: Do you think that that's true, that that someone who

543
00:28:37,599 --> 00:28:41,160
has earned a lot, that it should be hard, that

544
00:28:41,240 --> 00:28:43,240
you should be writing checks that are hard to write?

545
00:28:44,759 --> 00:28:48,240
Speaker 4: Yes? And no, because I think if again getting back

546
00:28:48,279 --> 00:28:52,720
to priority, if that's if you keep the priorities in

547
00:28:52,759 --> 00:28:56,319
correct order, writing the like I think back to some

548
00:28:56,359 --> 00:28:58,839
of the biggest Well, you and I have talked about this,

549
00:28:58,920 --> 00:29:04,200
and I am painfully human, so I am by far.

550
00:29:04,400 --> 00:29:06,160
If you're looking for the perfect Christian, you're looking in

551
00:29:06,160 --> 00:29:10,720
the wrong place. But the funnest thing, the best thing

552
00:29:10,720 --> 00:29:12,119
that we get to do with our money is give

553
00:29:12,119 --> 00:29:17,799
it away. And so the bigger the checks you write,

554
00:29:17,960 --> 00:29:20,039
it doesn't it doesn't hurt it.

555
00:29:20,519 --> 00:29:23,039
Speaker 1: But do you think you should get to a point

556
00:29:23,039 --> 00:29:24,640
where you're going to write a check where you and

557
00:29:24,640 --> 00:29:26,200
your wife have to sit down and go, oh my gosh,

558
00:29:26,240 --> 00:29:26,920
can we afford this?

559
00:29:29,160 --> 00:29:31,640
Speaker 4: Oh? Yeah, I mean I think that's how you should

560
00:29:31,640 --> 00:29:35,839
be giving all the time. I just like you know I.

561
00:29:35,880 --> 00:29:37,920
You and I have talked about this. There's that song

562
00:29:38,039 --> 00:29:41,759
reckless Love. Corey Aspury right, reckless or you know, the

563
00:29:41,839 --> 00:29:48,720
reckless love of God? Do we do we love back recklessly?

564
00:29:48,720 --> 00:29:51,680
Do we? Or do we sit down and break out

565
00:29:51,720 --> 00:29:54,000
the advocates and the graphing calculator and go, well, there's

566
00:29:54,039 --> 00:29:57,480
our nine point nine nine, putting extra five cents on there.

567
00:29:57,720 --> 00:30:00,240
We've done our bit for Godden country. That's not kind

568
00:30:00,279 --> 00:30:03,200
of giving. He wants, right, God wants to sit there and go, hey,

569
00:30:03,240 --> 00:30:06,160
I gave you the table, the house, that the table

570
00:30:06,279 --> 00:30:09,160
is in, the wood floors, it sits on the plates,

571
00:30:09,240 --> 00:30:11,519
the food. Who are you to sit there and tell

572
00:30:11,519 --> 00:30:13,400
me that's the part of your plate that I get.

573
00:30:13,640 --> 00:30:18,240
It's my plate right and to live open handed? And

574
00:30:18,319 --> 00:30:21,359
if you're not, if you're not giving to a level

575
00:30:21,720 --> 00:30:24,799
where other people would look at that and go, that's

576
00:30:24,839 --> 00:30:31,000
not financially responsible, you're in my Look, everybody's got to

577
00:30:31,039 --> 00:30:33,920
make their own decisions. But what I am saying is,

578
00:30:33,960 --> 00:30:38,359
like you said, test God, it's if it doesn't require faith,

579
00:30:39,400 --> 00:30:43,000
then it doesn't build faith, right, Like you should be

580
00:30:43,039 --> 00:30:46,160
giving to a level where you're like, I can't tell

581
00:30:46,200 --> 00:30:48,200
you how many times we've done that, where we're hey,

582
00:30:48,240 --> 00:30:51,279
what about what about this? You know what I don't

583
00:30:51,319 --> 00:30:53,200
know how we're going to pay for that. But what

584
00:30:53,359 --> 00:30:56,119
I know is that that need that put in front

585
00:30:56,119 --> 00:30:58,960
of us, we're going to fulfill that. And if we

586
00:30:59,160 --> 00:31:02,880
don't do that, that's where I get concerned, right, Like

587
00:31:03,039 --> 00:31:07,119
just it's thinking inversely, just saying who do I trust? Right?

588
00:31:07,240 --> 00:31:10,920
And so if I trust him, if I give my

589
00:31:11,160 --> 00:31:13,920
meal to the little boy across the street, do you

590
00:31:13,920 --> 00:31:15,920
think my parents were gonna let me go without dinner?

591
00:31:17,160 --> 00:31:21,319
Speaker 1: No, no, not a chance. And Zach, you know at

592
00:31:21,400 --> 00:31:24,720
Bulwark in New York's podcast, people go, they side up,

593
00:31:24,759 --> 00:31:27,400
they get your newsletters, they read this stuff. They have

594
00:31:27,440 --> 00:31:30,279
these meetings with you, but they don't always get to

595
00:31:30,319 --> 00:31:34,240
look you in the eye. And when you talk about giving,

596
00:31:34,559 --> 00:31:37,440
you know people are watching this. I can see your

597
00:31:37,480 --> 00:31:39,039
face light up that you get to do this. So

598
00:31:39,480 --> 00:31:46,279
let me present this to you. Do you think that

599
00:31:46,400 --> 00:31:51,160
we are in a situation in America, in Christian society

600
00:31:52,119 --> 00:31:55,079
where people don't know what it is to take that

601
00:31:55,160 --> 00:31:57,279
step of faith that you have to jump off a clop.

602
00:31:57,359 --> 00:32:00,200
Let me give you an example. We can give money.

603
00:32:00,319 --> 00:32:03,240
You can give money. You guys have been blessed. God

604
00:32:03,319 --> 00:32:06,160
is blessed. You've done a great jobs durning money I'm

605
00:32:06,200 --> 00:32:08,559
able to tie the church. We can go through weird

606
00:32:08,559 --> 00:32:11,880
financial seasons, all of us. The end of day, a

607
00:32:11,920 --> 00:32:14,000
young man was telling me he's a guy I've grown

608
00:32:14,039 --> 00:32:17,599
to love. I consider him friends. Years ago i'd been

609
00:32:17,640 --> 00:32:19,599
his mentor at summer camp. Wishes how I got to

610
00:32:19,680 --> 00:32:23,200
know him. Incredibly mature Christian for his young age. He's

611
00:32:23,240 --> 00:32:27,720
I think twenty two. He's going on a mission to

612
00:32:28,039 --> 00:32:32,279
northern Mexico, a border town, A border town that I

613
00:32:32,359 --> 00:32:35,799
happen to know has had tons of cartel violence. I

614
00:32:35,839 --> 00:32:38,400
happen to know that near there there have been mayors

615
00:32:38,559 --> 00:32:41,039
who've been killed and hung from bridges, their bodies hung

616
00:32:41,039 --> 00:32:43,519
from bridges. I happen to know these things are going on.

617
00:32:44,880 --> 00:32:47,839
And he's telling me this. He wants us to my

618
00:32:47,880 --> 00:32:49,759
wife and I to pray about helping to fund part

619
00:32:49,759 --> 00:32:54,839
of this mission. And Zach I was this close to saying, Hey,

620
00:32:55,640 --> 00:32:59,640
are you open to any feedback about going there? Instead,

621
00:32:59,680 --> 00:33:04,279
I says, who's taking you? And he said, oh, well,

622
00:33:04,319 --> 00:33:06,480
a bunch of the pastors here. They've got a place there.

623
00:33:06,519 --> 00:33:08,880
We partner with the church. This is an ever year thing.

624
00:33:09,279 --> 00:33:11,920
I'm still this close to going to the leadership going hey,

625
00:33:11,960 --> 00:33:16,000
are you nuts, what are you doing taking our guid

626
00:33:17,519 --> 00:33:20,839
And then I think, do they not know this? Now

627
00:33:20,839 --> 00:33:23,359
they're acting and they know it. This is not financial,

628
00:33:23,440 --> 00:33:27,279
it's time. But this is an active faith that God

629
00:33:27,559 --> 00:33:33,319
says you're indestructible until you are indestructible until God says otherwise.

630
00:33:34,000 --> 00:33:37,759
But that's an active faith that you're saying, equating to

631
00:33:38,200 --> 00:33:41,039
financial giving of Oh my gosh, can we even do this?

632
00:33:41,920 --> 00:33:43,720
It requires faith to trust in God that we're going

633
00:33:43,799 --> 00:33:47,480
to be okay? Is that a fair equation in your mind?

634
00:33:48,319 --> 00:33:52,519
Speaker 4: Yeah? And it goes back to and God's been really

635
00:33:52,519 --> 00:33:54,839
patient with us and taught us along the way and

636
00:33:55,279 --> 00:33:59,319
so many But there's something just I'll go. I'll give

637
00:33:59,319 --> 00:34:02,279
you an insight into how we view it. My wife

638
00:34:02,319 --> 00:34:03,920
and I have as saying, which is are we in

639
00:34:03,960 --> 00:34:06,799
the plan? And what we mean by that is that

640
00:34:07,319 --> 00:34:09,679
if we are doing what God wants us to do

641
00:34:09,920 --> 00:34:13,039
and we're where he wants us to be, then that's

642
00:34:13,199 --> 00:34:18,119
really the only concern, right, that's the only concern. The

643
00:34:18,199 --> 00:34:20,719
concerns should not be about things of this world. To

644
00:34:21,280 --> 00:34:24,000
sound a little bit metaphysical here and a little bit

645
00:34:24,079 --> 00:34:26,880
out there, if you will, but remember we were called

646
00:34:26,880 --> 00:34:28,719
to be a little bit out there. We were called

647
00:34:28,760 --> 00:34:31,480
to be people set apart in this world, but not

648
00:34:31,559 --> 00:34:34,480
of it. Right, So what is this world value more

649
00:34:34,559 --> 00:34:38,039
highly than anything? Power and money? What should we treat

650
00:34:38,039 --> 00:34:40,719
with almost a reckless indifference when it comes to giving

651
00:34:40,960 --> 00:34:45,119
power and money? Yeah, right, And by doing that we

652
00:34:45,239 --> 00:34:48,000
set ourselves free. We also set a great example and

653
00:34:48,079 --> 00:34:50,039
help our brothers and sisters and all those other kind

654
00:34:50,039 --> 00:34:53,800
of things. But simultaneously we do ourselves a favor, which

655
00:34:53,840 --> 00:34:56,880
is by doing that, we're not going to live in

656
00:34:56,920 --> 00:34:59,159
financial prison. Right, that's not going.

657
00:34:59,079 --> 00:34:59,760
Speaker 1: To be our god.

658
00:35:00,159 --> 00:35:03,559
Speaker 4: It's we're cutting We're cutting those shackles free every single

659
00:35:03,559 --> 00:35:05,800
time we give, and we're saying that we're not going

660
00:35:05,880 --> 00:35:09,000
to get trapped in the same loop that you've got everybody.

661
00:35:09,079 --> 00:35:11,239
We're not getting on your hamster wheel man, We're not

662
00:35:11,360 --> 00:35:13,719
living that way. And it's it's one of the most

663
00:35:13,760 --> 00:35:15,639
freeing things in the world that you can do. And

664
00:35:15,679 --> 00:35:18,239
it doesn't mean that bad outcomes aren't going to happen.

665
00:35:18,639 --> 00:35:21,320
But how do you know the bad outcome isn't the

666
00:35:21,360 --> 00:35:24,039
car wreck on the way to the great come up?

667
00:35:24,360 --> 00:35:27,960
You don't, right, you have no idea what's around those corners?

668
00:35:28,280 --> 00:35:31,719
So give like you like you can't give enough and

669
00:35:31,760 --> 00:35:34,880
trust in God because we don't know. And I just

670
00:35:35,000 --> 00:35:37,079
I Todd, I've never seen it. I do not believe

671
00:35:37,119 --> 00:35:40,960
in prosperity theology whatsoever. But I have never seen a giver.

672
00:35:41,880 --> 00:35:45,039
I've never seen it happen where they've given themselves broke.

673
00:35:45,119 --> 00:35:46,039
I've never seen it.

674
00:35:46,639 --> 00:35:51,000
Speaker 1: Yeah, yeah, same thing. And we do something on my

675
00:35:51,000 --> 00:35:55,760
American family radio show. You know, at Disciples View, we

676
00:35:55,800 --> 00:36:00,760
work with preborn. Do you know that when women see

677
00:36:01,159 --> 00:36:05,119
when they see their baby in an ultrasounds, it doubles

678
00:36:05,159 --> 00:36:08,440
the chances of the baby living. Yeah, doubles. Four hundred

679
00:36:08,480 --> 00:36:12,440
thousand babies Zach live because of this cause love that

680
00:36:12,800 --> 00:36:16,079
and and one hundred thousand women have come to Christ.

681
00:36:17,000 --> 00:36:19,079
And I've talked to people with preborn and do you

682
00:36:19,119 --> 00:36:21,239
know that one of the common experiences they get is

683
00:36:22,480 --> 00:36:26,199
people look at the women look at the ultrasound and

684
00:36:26,199 --> 00:36:28,079
they'll say something, at wait, he can suck his son.

685
00:36:30,119 --> 00:36:30,360
Speaker 2: Yeah.

686
00:36:30,800 --> 00:36:35,000
Speaker 1: Yeah, guys, you can give to this at eight seven, seven, six, one, six, two, three,

687
00:36:35,079 --> 00:36:37,880
nine six fifteen grand will sponsor it actually purchase an

688
00:36:37,960 --> 00:36:41,519
ultrasound machine UH for an at risk neighborhood. One hundred

689
00:36:41,519 --> 00:36:46,159
and forty Bucks provides free five free ultrasounds, and it's

690
00:36:46,159 --> 00:36:47,760
it's five lives. You have a chance to save. Five

691
00:36:47,760 --> 00:36:50,440
people have a chance to bring to Christ. That's one

692
00:36:50,480 --> 00:36:53,239
of those things, Zach eight seven seven six, one six

693
00:36:53,360 --> 00:36:55,159
two three nine six. That's one of those things, Zach.

694
00:36:55,920 --> 00:36:59,440
Where I I you know, Jesus is in the room, uh,

695
00:36:59,480 --> 00:37:01,480
and you know the Holy spirits there that Yeah, that's

696
00:37:01,480 --> 00:37:03,920
our little baby. Yes he can suck the thumb because

697
00:37:03,960 --> 00:37:06,519
I designed him. That's a sort of giving man like

698
00:37:06,559 --> 00:37:09,440
that that people do. We did this last year and

699
00:37:09,480 --> 00:37:12,559
I had a guy call in and give three forty

700
00:37:12,599 --> 00:37:16,239
five thousand bucks, go buy three three ultrasounds. What a

701
00:37:16,239 --> 00:37:18,400
blessing for that? That that hits you, man, That that

702
00:37:18,400 --> 00:37:20,400
that life stuff hits you, that preboard stuff hits you.

703
00:37:21,199 --> 00:37:23,679
Speaker 4: Yeah, and now get one hundred percent. I mean, anytime

704
00:37:23,760 --> 00:37:28,960
you see you know what, you know, whether it's a newborn,

705
00:37:29,320 --> 00:37:32,320
whether it's a little child, you know what. Wherever you see,

706
00:37:32,760 --> 00:37:35,480
wherever you see people struggling and having a tough time,

707
00:37:36,119 --> 00:37:37,440
you want to you want to step in there and

708
00:37:37,519 --> 00:37:40,719
fill that gap, and especially with those babies, especially with

709
00:37:40,760 --> 00:37:42,639
the mothers too, because I think that one of the

710
00:37:42,679 --> 00:37:45,199
biggest things is is they're told one thing, and then

711
00:37:45,239 --> 00:37:47,519
the reality that they're forced to live after they make

712
00:37:47,559 --> 00:37:50,400
a decision like that is starkly different from what they're told. Yeah,

713
00:37:51,079 --> 00:37:52,800
so they're saving multiple lives when they do that.

714
00:37:52,880 --> 00:37:55,280
Speaker 1: Yep, well said love that you said it that way.

715
00:37:56,079 --> 00:37:59,159
From the sublime and the godly, we shift gears over

716
00:37:59,199 --> 00:38:02,360
to the world economic for him. Okay, it couldn't get

717
00:38:02,400 --> 00:38:06,280
to be a bigger shift. Let's start here with something

718
00:38:06,559 --> 00:38:12,000
that Scott Bessent said as he took this as he

719
00:38:12,079 --> 00:38:16,760
takes a stage, he knows Gavin Newsom's there. Watch Scott

720
00:38:16,800 --> 00:38:22,280
Bissent go and roast Newsom. Well, Newsom's there, Watch.

721
00:38:22,039 --> 00:38:25,599
Speaker 3: This Governor Newsom, who strikes me as Patrick Bateman meets

722
00:38:25,599 --> 00:38:30,159
Sparkle beach Ken, maybe the only Californian who knows less

723
00:38:30,199 --> 00:38:36,039
about economics than Kamala Harris. He's here this week with

724
00:38:36,119 --> 00:38:41,280
his billionaire sugar daddy, Alex Soros, and the Davos is

725
00:38:41,280 --> 00:38:44,760
a perfect place for a man who when everyone else

726
00:38:44,840 --> 00:38:47,519
is on lockdown, when he was having people arrested for

727
00:38:47,599 --> 00:38:50,639
going to church, he was having thousand dollars a night

728
00:38:50,719 --> 00:38:53,960
meals at the French laundry. And I'm sure the California

729
00:38:54,000 --> 00:38:57,960
people won't forget that. And I can tell my message

730
00:38:57,960 --> 00:39:01,960
to Governor Newsom is the trumpetman. Frustration is coming to California.

731
00:39:02,199 --> 00:39:05,519
We are going to crack down on waste, fraud and abuse.

732
00:39:06,119 --> 00:39:08,960
And I was told he was asked to give a

733
00:39:09,000 --> 00:39:13,639
speech on his signature policies. But he's not speaking because

734
00:39:13,679 --> 00:39:18,760
what of his economic policies brought outward migration from California,

735
00:39:19,159 --> 00:39:23,360
a gigantic budget deficit, the largest homeless population in America,

736
00:39:23,880 --> 00:39:27,440
and the poor folks in the Palisades who had their

737
00:39:27,480 --> 00:39:32,000
homes burned down. He is here hobnobbing with the global

738
00:39:32,000 --> 00:39:37,079
elite while his California citizens are still homeless.

739
00:39:37,559 --> 00:39:38,320
Speaker 1: Shame on him.

740
00:39:38,760 --> 00:39:43,440
Speaker 3: He is too smug, too self absorbed, and too economically

741
00:39:43,559 --> 00:39:44,880
illiterate to know anything.

742
00:39:45,360 --> 00:39:49,039
Speaker 1: Um. I would dream this is my flesh, this is

743
00:39:49,079 --> 00:39:52,559
my human pride, Zach. I would dream of an opportunity

744
00:39:52,840 --> 00:39:56,760
to say that to Gavin Newsom to his face. How

745
00:39:56,800 --> 00:39:57,360
thrilled were you?

746
00:39:58,159 --> 00:40:00,920
Speaker 4: Oh man? I bestent is to be like the King

747
00:40:00,960 --> 00:40:03,800
of the one liners out of this administration. So he's

748
00:40:03,840 --> 00:40:06,480
just he's just thrown some heat. And I just love

749
00:40:06,559 --> 00:40:10,480
how he calls them out and and and watching Gavin.

750
00:40:11,199 --> 00:40:16,280
Gavin Newsom is one of First of all, he's like

751
00:40:16,320 --> 00:40:19,039
a walking stereotype, you know what I mean, Like it's

752
00:40:19,119 --> 00:40:24,199
so cliche. Yes, it's funny. Like he's like Central Castings

753
00:40:24,320 --> 00:40:30,400
sent back a slick back haired, greasy, nasty politician. Enter

754
00:40:30,440 --> 00:40:33,639
Gavin Newsom, Like stay, you know, he's like the perfect altar.

755
00:40:33,840 --> 00:40:35,960
Like he should play a if they do a new

756
00:40:36,000 --> 00:40:38,679
Austin Powers, like they should have Gavin Newsom play the

757
00:40:38,719 --> 00:40:40,800
mega villains. Yes, you know what I mean, Yes, And

758
00:40:41,679 --> 00:40:44,639
I love it. It's hilarious. I love how he calls

759
00:40:44,639 --> 00:40:48,880
out Soros, and not just to their face, but it

760
00:40:48,960 --> 00:40:53,119
makes everybody in that in that auditorium squirm because the

761
00:40:53,239 --> 00:40:56,320
Larry Finks of the world, the George Soros of the world,

762
00:40:56,599 --> 00:41:00,599
those people worship at that altar. They worship at that altar.

763
00:41:00,920 --> 00:41:05,039
And so I love the fact we're saying globalism doesn't work. Yeah,

764
00:41:05,599 --> 00:41:08,360
calling out the whole cabal for what it is. And

765
00:41:09,320 --> 00:41:10,639
I love it. I can't get enough of it.

766
00:41:10,760 --> 00:41:13,760
Speaker 1: Yeah, me too. And then there's this moment this is

767
00:41:13,800 --> 00:41:15,960
also from the World Economic Form. Now this is you

768
00:41:16,199 --> 00:41:19,079
talk about central casting, and let's put some context to this.

769
00:41:19,639 --> 00:41:23,920
You remember when the German delegation. Do you remember them

770
00:41:24,000 --> 00:41:28,079
giggling at President Trump when he said, Hey, you're not

771
00:41:28,119 --> 00:41:30,519
going to want to be dependent on energy to Russia.

772
00:41:30,519 --> 00:41:31,519
You're not going to want to get rid of your

773
00:41:31,559 --> 00:41:32,199
nuclear plants.

774
00:41:32,239 --> 00:41:35,079
Speaker 4: Remember that, Yeah, I said it multiple times.

775
00:41:35,159 --> 00:41:35,400
Speaker 3: Yep.

776
00:41:35,559 --> 00:41:38,559
Speaker 1: So the German Chancellor mrs has come out and said

777
00:41:38,639 --> 00:41:41,280
it was a strategic mistake to phase out in nuclear energy.

778
00:41:41,760 --> 00:41:46,079
So they're saying that now water water is wet, very

779
00:41:46,199 --> 00:41:50,119
very wet. The Black Rock CEO Larry Fink, who's also

780
00:41:50,280 --> 00:41:54,639
now the co head of the World Economic Form with Schwab,

781
00:41:55,719 --> 00:42:00,559
he's talking about energy and solar and apparently, Zach, there

782
00:42:00,639 --> 00:42:03,440
might not be all goodness and grace in this. So

783
00:42:03,559 --> 00:42:08,159
the world is going to be short power, short power,

784
00:42:09,800 --> 00:42:12,639
and to power these these data companies who.

785
00:42:12,519 --> 00:42:16,800
Speaker 3: Cannot have just this intermittent power like wind and solar,

786
00:42:17,159 --> 00:42:20,320
you need dispatchable power because you can't turn off and

787
00:42:20,360 --> 00:42:21,880
on these data centers.

788
00:42:22,280 --> 00:42:31,440
Speaker 1: This guy demanded solar. He was ignoring the balance sheets

789
00:42:31,440 --> 00:42:37,039
of companies in favor of them investing in pushing solar

790
00:42:38,119 --> 00:42:40,400
and yeah, solar is going to get there one day.

791
00:42:41,079 --> 00:42:43,480
He has been part of the gang of people that hey,

792
00:42:43,519 --> 00:42:45,000
why don't we look at doing a way with some

793
00:42:45,119 --> 00:42:48,280
dams out west. We don't need all those dams. What

794
00:42:48,400 --> 00:42:50,800
do we need hydro power? And he stands here and

795
00:42:50,840 --> 00:42:53,480
says this, we're going to be short power. Number one,

796
00:42:54,719 --> 00:42:56,360
how does he get to say that and the room

797
00:42:56,400 --> 00:42:59,679
doesn't point and laugh at him? And number two, where

798
00:42:59,679 --> 00:43:02,039
does this put us in terms of investment dollars?

799
00:43:02,079 --> 00:43:02,320
Speaker 3: Now?

800
00:43:03,840 --> 00:43:06,920
Speaker 4: Well, the crazy thing about this and if you have

801
00:43:07,119 --> 00:43:12,679
any faith or or any stock in the global elites

802
00:43:12,719 --> 00:43:16,480
for forecasting these issues, this should do away with that

803
00:43:16,480 --> 00:43:19,760
that misnomer. Yeah, you know, because you guys like us

804
00:43:19,760 --> 00:43:21,440
have been talking about how we're looking at a power

805
00:43:21,440 --> 00:43:23,280
shortage for two years, you know what I mean? Just

806
00:43:23,519 --> 00:43:26,440
I mean, it's obvious. But then then all of a sudden,

807
00:43:26,440 --> 00:43:29,639
it's data centers that right, those numbers are like that.

808
00:43:29,800 --> 00:43:35,519
Regard that data centers just exacerbate the existing issue, and

809
00:43:36,039 --> 00:43:38,719
why are they Like you see the same same dynamics

810
00:43:38,719 --> 00:43:41,639
play out around COVID in the vaccine, right, Like how

811
00:43:41,679 --> 00:43:45,400
over time they begrudgingly, one piece of data at a

812
00:43:45,480 --> 00:43:48,559
time acquiesce and then everybody that was on board with

813
00:43:48,599 --> 00:43:50,679
them kind of Oh yeah, that's that's the right. You're

814
00:43:50,719 --> 00:43:53,199
looking at going three years ago you were saying the

815
00:43:53,239 --> 00:43:58,199
exact opposite. There's no intellectual accountability whatsoever. And that's just

816
00:43:58,239 --> 00:43:59,920
the world we live in today. And I think that

817
00:44:00,159 --> 00:44:02,239
it opens up and I don't want to pivot back

818
00:44:02,320 --> 00:44:05,159
necessarily the investing side, but I think it opens up

819
00:44:05,280 --> 00:44:06,800
unbelievable opportunities.

820
00:44:06,840 --> 00:44:08,400
Speaker 1: But I want you to pivot back to that. Okay,

821
00:44:08,400 --> 00:44:09,599
we're going to be short and energy.

822
00:44:09,639 --> 00:44:12,480
Speaker 4: Now what Yeah, well, why do you think that we

823
00:44:12,559 --> 00:44:17,960
own substantial amounts in that gas, offshore oil, uranium companies

824
00:44:17,960 --> 00:44:21,800
that build reactors. Because this issue isn't going away. And

825
00:44:21,800 --> 00:44:24,360
and you know these big tech companies, the darlings for

826
00:44:24,760 --> 00:44:27,880
Let's see how well they work. Let's see how good

827
00:44:27,880 --> 00:44:31,880
an LLM works when it doesn't have any power. It doesn't, right,

828
00:44:32,280 --> 00:44:35,400
And that's one of the interesting things that faces the

829
00:44:35,440 --> 00:44:38,519
world today because a lot of it is just stupidity

830
00:44:38,880 --> 00:44:42,159
and things that we have inflicted on ourselves. The other

831
00:44:42,239 --> 00:44:45,599
part of it is changing economic directions, right the the

832
00:44:46,400 --> 00:44:49,639
inventedy or the coming of age of AI and data

833
00:44:49,679 --> 00:44:51,920
centers and all these kinds of things. But then you

834
00:44:51,960 --> 00:44:54,199
look back at where capital has been allocated over the

835
00:44:54,280 --> 00:44:57,800
last fifteen years, and it's been allocated everywhere, but the

836
00:44:57,920 --> 00:45:01,400
places that provide that kind of power. The crazy thing

837
00:45:01,480 --> 00:45:03,679
is is that people say this this out checked out

838
00:45:03,679 --> 00:45:06,599
everybody is. Do you want to know the things that

839
00:45:06,679 --> 00:45:10,760
are least represented in the average retail investment portfolio right now?

840
00:45:10,880 --> 00:45:11,199
Speaker 3: Please?

841
00:45:12,079 --> 00:45:15,199
Speaker 4: Natural resources, metals, and energy of any kind.

842
00:45:17,360 --> 00:45:25,440
Speaker 5: But you overpresenting AI, Facebook, Google, Apple, Microsoft, overrepresented all

843
00:45:25,800 --> 00:45:27,880
the entities that need power.

844
00:45:28,760 --> 00:45:32,800
Speaker 1: Yeah, underrepresenting the all the entities that provide.

845
00:45:32,440 --> 00:45:35,800
Speaker 4: Power yep, yep. And if you look at the port now, look,

846
00:45:36,079 --> 00:45:40,000
will they eventually get their portfolios correct? Yes, But it's

847
00:45:40,199 --> 00:45:42,079
just like it was with bonds for years.

848
00:45:42,159 --> 00:45:42,320
Speaker 2: Right.

849
00:45:42,599 --> 00:45:44,599
Speaker 4: Let's go back when I started doing the radio show

850
00:45:44,599 --> 00:45:47,239
in twenty sixteen early twenty seventeen. The thing we were

851
00:45:47,239 --> 00:45:49,719
talking about all that time was the fact that the

852
00:45:49,760 --> 00:45:53,960
average retail portfolio had thirty to forty percent bonds in it. Okay.

853
00:45:53,960 --> 00:45:56,360
At that time, that bond portfolio was yielding two and

854
00:45:56,400 --> 00:45:59,360
a half percent okay, yeah, two and a half to

855
00:45:59,360 --> 00:46:02,679
two point se seven percent inflation, and then after the

856
00:46:02,800 --> 00:46:06,159
expense ratio on the bond fund, you were netting out

857
00:46:06,239 --> 00:46:08,360
one and a half percent a year. Okay, So your

858
00:46:08,440 --> 00:46:14,000
upside was to continue underperforming inflation by one percent a year. Meanwhile,

859
00:46:14,079 --> 00:46:16,400
interest rates were a zero, which means they only had

860
00:46:16,440 --> 00:46:19,840
one direction to go. And what happens to bond right,

861
00:46:20,920 --> 00:46:23,840
what happens to bond valuations when rates go up? Well,

862
00:46:23,880 --> 00:46:26,199
we found out in twenty twenty two. And I used

863
00:46:26,239 --> 00:46:28,199
to say on the radio, Hey, guys, if you're waiting

864
00:46:28,239 --> 00:46:31,039
for your financial advisor to tell you, he'll tell you

865
00:46:31,119 --> 00:46:34,039
to get out of bonds after you're down thirty percent. Now,

866
00:46:34,079 --> 00:46:36,360
I was just throwing that out there. Well, bonds on

867
00:46:36,400 --> 00:46:38,840
average were down thirty percent and twenty twenty two and

868
00:46:38,880 --> 00:46:40,760
what were all the advisors saying, Oh, well, we got

869
00:46:40,800 --> 00:46:43,400
to shift to the new sixty forty, so they'll do

870
00:46:43,480 --> 00:46:46,800
the same thing here. You after gold goes to five

871
00:46:46,880 --> 00:46:49,119
thousand and silver goes to one hundred and fifty, and

872
00:46:49,159 --> 00:46:52,599
these miners have all quadrupled in price, and nat gas

873
00:46:52,639 --> 00:46:55,199
goes back up to seven dollars a unit, that's when

874
00:46:55,199 --> 00:46:57,119
they're going to be like, hey, we got to get

875
00:46:57,159 --> 00:46:58,400
you some exposure to energy.

876
00:46:58,960 --> 00:46:59,159
Speaker 2: Right.

877
00:47:00,280 --> 00:47:03,679
Speaker 4: It's just I'm telling you, it just happens every single time,

878
00:47:04,039 --> 00:47:06,239
and it just drives me nuts.

879
00:47:06,960 --> 00:47:09,400
Speaker 1: Well, thank god, we've got you figuring this stuff out

880
00:47:09,400 --> 00:47:11,440
for us and making it all makes sense. You can

881
00:47:11,480 --> 00:47:13,360
get with Zach at No Your Risk Podcast dot com.

882
00:47:13,519 --> 00:47:15,360
I can't pitch the company because then I have to

883
00:47:15,360 --> 00:47:18,920
give the disclaimer. But what I can tell you is

884
00:47:19,119 --> 00:47:22,719
this guy will spend three conversations with you. First one

885
00:47:22,719 --> 00:47:24,360
to see if you'd like him. This is really who

886
00:47:24,360 --> 00:47:26,719
he is, second one to talk about your goals, and

887
00:47:26,800 --> 00:47:27,840
third one to seifigure it up.

888
00:47:27,840 --> 00:47:27,880
Speaker 2: Me.

889
00:47:27,920 --> 00:47:30,559
Speaker 1: Now I actually have to say this stinking disclaimer. It

890
00:47:30,599 --> 00:47:34,719
is Know Your Risk Podcast dot com over Capital Managements

891
00:47:34,719 --> 00:47:37,920
and Investment Advisor, Representative Truck Financial LLCN SEC Rich Investmentzer,

892
00:47:38,000 --> 00:47:40,800
Investment follow risk are not guaranteed pastformance, isn't guarantee future

893
00:47:40,800 --> 00:47:43,760
results Trek twenty five that's zero six. I even got

894
00:47:43,760 --> 00:47:47,599
the zero six in there. That means twenty six zero five.

895
00:47:48,000 --> 00:47:49,480
I got to do it twenty six zero five because

896
00:47:49,519 --> 00:47:51,480
that's the fifth. Is that pretty good like that?

897
00:47:51,559 --> 00:47:51,760
Speaker 2: Yeah?

898
00:47:51,760 --> 00:47:52,719
Speaker 4: I can't. I don't know it.

899
00:47:53,400 --> 00:47:54,920
Speaker 1: I don't want you to know it. I don't ever

900
00:47:54,960 --> 00:47:57,719
wantch you If you ever know your disclaimer, I'm gonna

901
00:47:57,719 --> 00:48:00,119
be like, eh, brother, can we talk about the portfolios because.

902
00:48:00,039 --> 00:48:01,840
Speaker 4: It's Hey, it's a good thing we have that disclaimer

903
00:48:01,840 --> 00:48:04,119
in there, because that saves people from fraud, isn't it.

904
00:48:04,239 --> 00:48:06,679
Speaker 1: Oh gosh, Because I know people hear that and they're like, man,

905
00:48:06,719 --> 00:48:08,679
I was just about ready to get defrauded, but then

906
00:48:08,719 --> 00:48:11,880
this guy ready a federal government's disclaimer.

907
00:48:14,159 --> 00:48:14,639
Speaker 4: Regulation.

908
00:48:14,760 --> 00:48:18,239
Speaker 1: Man, brother, thank you for the wise counsel. And I

909
00:48:18,280 --> 00:48:22,639
know we've talked about American Family Radio today and I'm

910
00:48:22,719 --> 00:48:24,199
just not gonna say it because people are gonna have

911
00:48:24,239 --> 00:48:26,360
to guess. But Zach and I we might be making

912
00:48:26,360 --> 00:48:29,679
a personal appearance or two. Way back they got east

913
00:48:30,079 --> 00:48:32,679
back there in Tupelo, Mississippi. All right, this is a

914
00:48:32,679 --> 00:48:35,719
Todd Hermer show. Please go, be well, be strong, be kind,

915
00:48:35,760 --> 00:48:37,639
and please make every effort to walk in the lade

916
00:48:37,679 --> 00:48:38,119
of Christ.