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Speaker 1: Welcome to another episode of the Chicks on the Right podcast. Today,

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we have our friend and sponsor of the show, Zach

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Abraham from Bulwart Capital Management, to talk with us about

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some recent ideas that Trump and his administration have had

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that people are kind of scratching their heads about. So

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one of those things is a fifty year mortgage plan,

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which is a.

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Speaker 2: Lot of years.

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Speaker 1: And the other is this idea of two thousand dollars

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stimulus checks for people that are considered low income.

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Speaker 2: I don't even remember what the cutoff is.

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Speaker 1: I think it may be one hundred grand or less

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per year or something like that. And so what are

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we doing? Like I feel like these sounds like what

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are we doing by me kinds of things?

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Speaker 3: Right, Yeah, So the great question, I'm going to answer

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it in kind of two parts.

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Speaker 4: A will rest the merits of each one of those

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things individually, but then also look at what I think

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the real message that we should be taking from that is.

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So I am not at all surprised that these ideas

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have been pushed forward. I think that eventually these ideas

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would have been pushed forward by anybody. As a matter

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of fact, I would guarantee you there are people in

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the Biden administration who the minute somebody out of Trump's

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camp said fifty year mortgage, whether it was Trump or

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somebody else, they probably thought to themselves, God, dang it,

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we should have done that.

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Speaker 3: And the reason why is, you know, I don't.

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Speaker 4: I don't think I ever envisioned a fifty year mortgage personally,

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like thought, oh, that's coming.

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Speaker 3: Hey, do you'd ask me that two years ago?

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Speaker 4: I'd have been like, oh, yeah, we'll see a fifty

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year mortgage and we'll probably end up seeing a hundred

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year option at some point.

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Speaker 2: Oh my gosh.

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Speaker 4: But but and here's my point is that this is

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where we're at, meaning I think it would have happened.

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And when I say think, I'm trying to be humble,

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I mean I know that a fifty year mortgage would

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have gotten rolled out eventually by regardless of who was

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in office. And the reason why is something that we've

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been talking about for a long time, and people need

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to pay attention. You know that old adage, when somebody

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tells you who they are, believe them right. Well, the

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market's telling you how things work now, and it's been

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telling you that for fifteen years.

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Speaker 3: Believe it Okay, the.

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Speaker 4: Days you needing to worry about your portfolio crashing eighty

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five to ninety percent ie nineteen twenty nine, great depression,

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all that kind of stuff.

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Speaker 3: That's not the threat. Guys.

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Speaker 4: The best performance stock market in the world over the

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last ten years, you know what it is?

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Speaker 3: Zimbabwe. Okay.

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Speaker 4: Their stock market's averaged about nine hundred percent a year. Okay,

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their currency is devalued by about twelve hundred percent a year.

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Speaker 2: My god.

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Speaker 4: Okay, So now I'm not saying we're going to be Zimbabwe.

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But what I'm saying is, look, if you're well, Zach,

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I'm worried about this blowing up. I'm worried about that

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blowing up. You know what, You probably right to be worried.

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It probably will blow up. But guess what, I know

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what they're gonna do. You know what they're gonna do

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when it blows up. They're going to print a lot

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of money in film Home. And the reason they're going

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to do that, and the reason they're going to launch

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fifty your mortgages, and the reason they're going to launch

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a hundred your mortgages is because it alleviates the pain

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of all of the irresponsible decisions we've made for thirty

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years while allowing them to still get elected.

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Speaker 3: It kicks the can down the road, right, It doesn't deal.

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Speaker 4: And you've got an issue now part of us, and

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I get it. We shake our heads and go, man,

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the politicians are screwing us again.

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Speaker 3: Right.

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Speaker 4: The flip side, to be fair to the politicians is

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the electorate in the United States has become so pacified

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and so wasified that their entire political viewpoint shifts if

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their portfolio drops fifteen or twenty percent over a six

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month period of time. Right, market's up, the president's doing good,

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market's down, president's doing bad. Right, So we have become

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we've come to the point where we decided, especially after

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eight oh nine, that we didn't think recessions.

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Speaker 3: Were politically feasible anymore.

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Speaker 4: So we just said we're not gonna have any regardless

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of the cost, regardless of.

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Speaker 2: The fact whether doesn't that can eventually get kicked so

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far down the road though, that like somebody's got to

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catch it.

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Speaker 3: No great, right, And so we're the point in saying this.

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Speaker 4: I was thinking about a lot about this weekend, and

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when you look back through history, and I'm a huge

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believer in studying history because it's going to.

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Speaker 3: Tell you what comes next, right, because people don't change. Right.

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Speaker 4: You know where I think we are, honestly, and it

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fits perfectly. I think we are England circa nineteen thirty,

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oh my god, right where where we're still a player

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on the world stage. Right, We're still a powerful player

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on the world stage, but our dynastic days of being

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the one and only empire over. I really believe that

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not the way we we have been for the last

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fifty or sixty years, and that we are going down

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the path of not mattering as much anymore because of

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these decisions that we're making, and what should.

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Speaker 1: We be doing to avoid that from being a reality?

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Speaker 4: Let free markets do what they do, and it's not fun. Rightly,

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here's the great irony. We all sit here and greed

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that we live in the greatest country on earth, right,

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greatest opportunity. We all agree on that, and yet none

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of us want to do any of the things that

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got us here.

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Speaker 3: Now.

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Speaker 4: We don't like the free markets because we don't like

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it when the outcome isn't what we like. Right, Well,

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the free markets are what got you here, right, the

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free market. The price you pay is recessions. The price

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you pay is temporarily high unemployment, and it's it's a bummer.

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Speaker 2: Well, it's frustrating. It's frustrating when the conservatives don't let

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it happen because we're supposed to be about the free market.

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That's what really irritates me.

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Speaker 4: Yeah, yeah, this, and this is why I always say

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that I was radicalized in eight on nine.

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Speaker 3: And the reason I say say that.

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Speaker 4: Is because what you saw was the beginning of we

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don't like the outcome of free markets. So we're going

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to print a bunch of fun tickets by e money,

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and we're going to fill him in the hole, and

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we're going to make reality what we want and every

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boy and girl gets a candy cane and a pony ride, right,

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And hey, it feels good at the time, but we

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all know we do that in our personal life. It

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leads disaster. Do that in our marriage, it leads disaster.

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That raising our kids, it.

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Speaker 3: Leads a disaster. Do that with our bodies, it leads

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to disaster. But it's gonna work great for a country.

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Speaker 1: Yeah, it's just so dumb because we've talked over and

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over and over again about how important it is to

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reduce the debt that is at astronomical levels. And so

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we do the tariffs and we get to brag about

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all this revenue coming in, and what does he do.

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Speaker 2: He's like, let's give this away.

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Speaker 1: It's like, I can't stand to have it in our pockets.

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We got to dole it out. It's just such a

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give me for votes. It's like a total play for

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votes in my mind, and I hate it.

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Speaker 3: I hate.

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Speaker 2: It's ridiculous. Yeah, why don't we pay down the debt?

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Speaker 3: Now? The flip The.

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Speaker 4: Flip side is is if he doesn't do those things,

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do you think he wins midterms?

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Speaker 3: Probably not?

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Speaker 2: Is it going to help him back?

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Speaker 4: Yo?

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Speaker 3: Yeah?

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Speaker 4: Hey, the one thing that's still hey, the one thing

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that's still who just got elected in New York, The

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one thing that still works in American politics is offering

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to give.

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Speaker 3: People stuff that still really works.

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Speaker 4: It is gross, it's pathetic, but that's but that's what

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we've been that's what we've been reduced to. And like

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I said, that's why you're gonna see a fifty year

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mortgage at some point. You're going to see a hundred

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your mortgage at some point. Why, Because we're all about anesthesia.

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We don't treat any causes, We just treat symptoms. And

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and also the other thing, and this is the point

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that I was trying to make, is they are dealing

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with it. That's the thing that I don't think people realize.

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There they are paying down the debt, they're inflating it away.

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Speaker 3: Right. There's two ways that you can deal with debt.

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Meaning one of.

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Speaker 4: The easiest ways to deal with debt is to sit

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there and go, hey, I'm going to borrow money from

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you today at its value, but I'm going to pay

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it back to you thirty years from now at the

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value then.

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Speaker 3: Right.

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Speaker 4: So meaning when I figure in interest earned on that

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money over the next thirty years plus the devaluing of

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money over thirty years, that's probably going to be very

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close to a cost free loan for me, right right, So,

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meaning if I can either pay down the debt or

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I can reduce the value of the currency that the

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debt is in, the net effect is the same. So

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meaning what they're going to do is they're going to

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do what Britain did. They're going to do what France did,

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They're going to do what Spain did. They're going to

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do what Rome did, and they are going to inflate

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it away. And the reason they're going to inflate it

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away is it is easier politically to explain five to

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six percent inflation. It's actually really more like ten to

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eleven because they jigger the inflation statistics through a process

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called hedonic adjustments. And that's a whole other topic. But

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it's much easier to explain that to the electorate than

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ten percent unemployment.

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Speaker 2: I'm so depressed. I know we're all so dumb. I mean,

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this is we don't have to be. All people need

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to do is just attend one of your seminars.

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Speaker 3: Right.

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Speaker 2: Oh wow, that's the thing. I know. She's so good

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to even.

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Speaker 3: See it coming. I didn't even see it coming that day.

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Speaker 1: I hate you, Like it's like it's four right upside

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the face, Like she gets you right in the in

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the face.

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Speaker 2: Sack.

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Speaker 4: Hey, I know what it's like to play basketball with

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Magic Johnson, right, you know, the behind the back passes,

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the greatest sist. She's like the greatest point Guarden podcast history.

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Speaker 2: Yeah, she is gets you right in the face.

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Speaker 3: Hey, So I'll tell you where they can hear it.

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Great transition, but also earnestly, like you said, we feel

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so dumb.

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Speaker 4: Yes, but there's there is one pushback we've got, guys,

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and it's investing in a way that insulates us from

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a lot of this and benefits from it.

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Speaker 3: And it's the reason our value.

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Speaker 4: Portfolio is up nearly thirty percent on the year and

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we're not taking nearly as much risk as the market.

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We're investing in things that will benefit from what I'm

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talking about. Okay, The beautiful thing about it is, bizarrely,

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all the things that benefit from this stuff long term

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are historically cheap right now. So like as a value investor,

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I'm just sitting there licking my chops. But that's what

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we're going to talk about at the seminar. Is hey,

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because people hear about our performance in their first thought is, oh,

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you're taking more risk.

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Speaker 3: No. No.

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Speaker 4: Earlier this year when the market was down fifteen percent,

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our portfolio is down like three and a half or

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four and we're out performing to the upside. So we're

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going to explain how we do that, our risk management process,

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what makes us different, What being active managers really means

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that you've got a team of people looking over your money.

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Twenty four hours a day. We're not just throwing you

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in funds and talking to you once a quarter. Right,

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you actually have money managers. So just explaining who we are,

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how we do, what we do, and you can sign

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up for that.

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Speaker 3: It's free of charge.

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Speaker 4: It doesn't put you into a queue where we're calling

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you every weekend. Go to Bulwarkthapitalmanagement dot com and sign

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up and you'll get a flyer. If you're interested, we'll

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hook you up with me or one of our other advisors.

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If not, hopefully you'll leave more educated.

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Speaker 2: Awesome, perfect, love it, Thank you, Thanks that, Thank.

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Speaker 3: You, ladies. Investment advisory services offered through TREK Financial loc

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and SEC Registered Investment advisor.

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Speaker 4: The opinions expressed in this program er for general informational

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purposes only and are not intended to provide specific advice

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or recommendations for any individual or on any specific security.

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Any references to performance of security so it thought to

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be materially accurate and actual performance may different.

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Speaker 3: Investments involved risk and are not guaranteed. Past performance doesn't

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guarantee future results. Trek twenty four to three zero eight