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Speaker 1: It really might be that five companies are too big

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to fail, because if they fail, it would be bigger.

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Speaker 2: Than the United States failing. Could that be true?

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Speaker 1: Zach Abraham, chief investment officer Bulwarck Capital Management.

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Speaker 2: Joins us.

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Speaker 1: We'll do this with the help of his company, your

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riskpodcast dot com, and God Almighty.

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Speaker 3: The Todd Herman Show is one hundred percent disapproved by

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big pharma technocrats and tyrants everywhere. From the high mountains

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of Free America. Here's the Emerald City exile.

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Speaker 1: Todd Hermy, 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 from near Seattle, but

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not in Seattle, surrounded by a fence forty one feet

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high with armed turrets and helicopters patrolling to keep the

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satellites out. Some are on an island accessible only by

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gold plated submarine or aircraft.

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Speaker 2: Carrier from the fortress. Zach Abraham, how are you brother.

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Speaker 4: Doing, good man?

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Speaker 5: It was it was it was a little it was

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choppy seas getting out to layer this morning.

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Speaker 4: So that's why I was blown away that you knew

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that we had to.

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Speaker 2: Use the sub I mean, this was guessing I just

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saw the weather.

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Speaker 1: Nothing says gold plated slub like a little uh weather

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back there.

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Speaker 5: Yeah, Oh, gold plated sub that's a good one.

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Speaker 1: Have you ever thought about buying one of those hobbyist submarines?

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Speaker 4: You know? Man, So here's the deal. A lot of

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people don't know this about me.

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Speaker 5: I haven't done it a lot, but I really like

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scuba divings and so, man, I would get down at

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a submarine.

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Speaker 4: A second. I actually live on the water. Yeah, And

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I'm like, I live on a little bay.

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Speaker 5: I've thought a hundred times I would love to take

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a little submarine down and and and scope out the

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bottom of the bay.

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Speaker 1: They're not that expensive, I mean comparatively speaking to other

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toys people by. You can buy some that are relatively

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inexpensive and go down with the kids and do that.

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And it'd also be like really cool things that you

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could do with your boys, the boys you teach in

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you know.

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Speaker 2: Football, et cetera.

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Speaker 1: There's a lake up here, and people don't talk about this,

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but Lake Ponderey up in Sandpoint. It has a naval station,

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and it has one of the deepest freshwater lakes in

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the in the country, and it's got these caverns. They

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trained people to drive submarines, you know, because they're site lets,

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they have to use sonar through these cabins. We had

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a friend who was a an admiral over a naval

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station in Idaho.

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Speaker 2: It's funny.

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Speaker 1: He'd go to admiral meetings and Admiral Jones from Florida,

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Admiral Jones, North Carolina, Admiral from Idaho.

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Speaker 2: What landlocked? Do you knew that about that place?

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Speaker 4: Yeah?

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Speaker 5: Yeah, so so they they they tried out underwater tactics there. Yeah,

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they did experimental radar. Funny enough, I know exactly what

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you're talking about. In Lake Ponderrey and probably about about

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a three miles maybe a two mile boat ride from

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my home right now. There's also there was a station

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right off of Fox Island and the Pugees Sound there

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was did they did a very similar thing where they

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actually tested out sonar on nuclear subs throughout you know,

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running them through channels and the Puget Sound and things

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like that. So I almost actually bought a piece of

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property that was right next to the old right, it

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was a couple couple lots down, but it was right

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next to the old substation.

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Speaker 1: Pretty yeah, There's a picture I have of some guys

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who were fishing on Lake Ponderay and.

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Speaker 2: They're they're out in the water.

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Speaker 1: It's a little bit foggy, and they were about with

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some friends. So there's a couple of different boats and

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someone was just taking a picture of their buddies fishing.

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And in the background you see this thing popping up

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out of the water and it's the sub.

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Speaker 2: Can you imagine being out there?

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Speaker 3: No way?

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Speaker 2: So that's the issue. The sub needed the surface.

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Speaker 1: So you're out there in the water and this thing

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like in the middle of the water that would so

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wig you.

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Speaker 2: But it's such a such a cool picture. I'd love

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to talk to the guys in this picture.

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Speaker 5: And Alec Baldwin pops out on the top of it,

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you know, with Sean Connery, and then they start.

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Speaker 4: You know, talking about the joys the living.

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Speaker 3: Well.

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Speaker 5: Remember the one guy his dream was to live in Montana,

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shoot at Idaho.

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Speaker 4: He was only a state away. I mean, he would

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have been right there.

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Speaker 2: I love that movie. I love that. I love that

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as well.

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Speaker 1: So a little media I want you to respond to

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in a second. It's Christian Welker from from The Bockingbird

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Media NBC and she's talking to Scott Best of that

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we need to talk about this. And then you told

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me something about five companies when we were visiting in

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the Green Worm earlier and I was over here in

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Idaho and you're over there floating around and you told

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me about these five companies in the US economy.

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Speaker 2: So we need to talk about that in a second.

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Speaker 1: Did you get a chance yet to go watch Thank You,

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doctor Fauci.

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Speaker 3: Uh.

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Speaker 1: The more I think about that film and the conclusions

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it's reached, the more I understand why no one wants

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to talk about Jenner first, the director. He is an

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award winning director. He's got a long history. He worked

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with some of the most powerful people in Hollywood to

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put this together. I didn't know that until a chat

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with him. Some of the biggest names in Hollywood backed

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this thing. And the conclusion they came out with is,

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you want to talk rigged game. A guy Tony Fauci

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for forty years is responsible, in their estimation for in

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his labs, the lapsis to run is responsible for all

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the pandemics during that time. That's the that's their analysis,

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create the problem, charge people for the cure so much

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worse than that, though. They contend that we are the

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victims of Chinese spies working against us in a bioterror race,

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but inconveniently, not Chinese spies, spies for the Chinese Comments

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Party working against us, But inconveniently, they're American citizens with

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a lot of power who are also working against the

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Chinese government as double agents for us. We're in a

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bio terror race with the Chinese Commonist Party, and Fauci

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knew these things and hid these things. So it's an

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extraordinary movie that actually takes The movie is a movie

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within a movie. You're watching them make the movie, and

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what's cool about that is you're watching them ract livetime

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to research, and then watching Jenner go through the halls

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of Congress to try to get someone.

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Speaker 2: To actually look.

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Speaker 1: At the evidence that Fauci is a psychopathic killer. And

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it's very frustrating but very illuminating. It's called Thank you,

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Doctor Fauci. You construme it right now at angel dot com.

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Slash Herman. That's Angel dot com. Slash Herman. Don't just

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stream the movie. Become a member of the guild and

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you get to vote for more movies like this to

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be made. Angel dot com slash Herman so Zach, here's

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Kristen Welker, one of our favorite people. She's sitting down

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with Scott best scent, and here's the exchange.

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Speaker 6: Well, Christine, it's unfortunately, as much as I like you,

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you like to cherry pick. So you know, when we

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came in, it was eggflation, eggflation, eggflation. You know, egg

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prices are down, Gasoline prices are down. Overall, the inflation

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since President Trump has come in, the has come down.

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We inherited this terrible affordability crisis from the Biden administration.

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The first thing we had to do was get it

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under control. And this month's inflation number was actually below

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the consensus number. If we look at core inflation, it

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was zero point two percent, which was below us it's

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been in a long time. Rents are coming down, so

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you know, Christy, you don't get to cherry pick. Inflation

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is a composite number, and I am confident that in

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the coming months inflation is going to come down.

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Speaker 1: That's a pretty good answer that he pushes back on

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her on. So where is he right and wrong on this?

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And like just the spin that for us, because I

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guess there's probably a little spin in there. It's coming

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from a political spokesperson after all.

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Speaker 3: Yeah.

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Speaker 5: So so here's I think ironically, I think her questioning

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was appropriate.

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Speaker 4: My issue with her is where was that questioning when

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Biden and his administration was in the office.

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Speaker 5: Who right, Like, when Biden was in office, where was

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that same line of question Biden?

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Speaker 4: Oh yeah, I'm sorry.

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Speaker 2: Oh wait, I forgot he existed for a little while, right,

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Joe Biden?

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Speaker 3: Yeah?

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Speaker 4: Right, Well they you know what they say, man, ignorance

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is bliss. Give give me that forget pill? Would you no?

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But so, I mean that's the issue.

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Speaker 5: The other thing is when you understand it's so funny

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to sit there and like try to grill a guy

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that's been at the helm for eight months about inflation.

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Speaker 4: I mean like like like one hundred and thirty. I mean,

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it's just stupid, right, I mean it's like, uh, I

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don't know.

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Speaker 5: I mean he'd be like showing up at the like

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at the Roman Colisseum and looking at the security guard boy, like, boy,

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you really let this place go to the dogs, you

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know what I mean?

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Speaker 4: Like he's like, well, I just I just started working here.

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Speaker 5: Yeah, you know, it's just it's just ridiculous.

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Speaker 4: And it's really hard to take it seriously.

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Speaker 5: And then you listen to people listening to it and

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they're like, oh, all they do is make excuses, And

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I'm like, you did, couldn't even you didn't even know

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the word inflation existed until Trump took office.

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Speaker 4: Right, you know what I mean.

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Speaker 5: Like, So, it's just this stuff gets so frustrating, and

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I know you feel it too, because there are things

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where there are disagreements and philosophical you know, differences and

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things like that. Then there are so many of these

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issues where you sit there and go, no, you know what,

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here's the deal. We don't disagree. You're just ignorant, you know.

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Speaker 4: What I mean.

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Speaker 5: Yeah, those those are the most frustrating because you're looking

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at them and you're just like, look, man, I know

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you don't mean badly, but like you believe something that

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is based on the horrific whole knowledge hole that you

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have inside of you, right, Like I don't I don't know,

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you know, I don't know how to help you. I Yeah,

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it's no, it'll be great if he could approach this.

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Speaker 1: I love what he said, I love the pushback, but

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I would encourage Republicans to do a little bit of

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socratic inquirer with people. For instance, City of Christopher, Hey,

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Christen unit state's economy has existed since the founding of

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the country. We went off the gold standard in the seventies.

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You know, we had four years under Biden. How long

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have I been in my job? How long has it been?

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Chris right, and force her to say eight months? Okay,

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so you're asking me to answer for the country's structural

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problems in eight months.

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Speaker 2: Can we admit that's a little unfair?

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Speaker 4: Can we also? How about Wes start here?

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Speaker 5: Why don't you start by telling me what you were

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hoping we'd accomplished it this time? I like that, you know,

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where is the goalpost here? Because if we recognize that

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this is an issue fifty years in the making, I'm

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not really understanding, like what a win look like? That's

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you know, right, you know, like I don't have a

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wand obviously if I did, I'd give it a go.

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I'd give it a go, I'd give it the old

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Harry Potter try, right, But I don't.

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Speaker 4: And neither do you. So what would a win look like?

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Speaker 2: That's really good?

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Speaker 5: Because I mean, if inflation's the number one thing, and

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if you want to see prices come down quick.

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Speaker 4: We can do that.

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Speaker 5: It's going to take fifteen percent unemployment, but we will

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get prices down real quick.

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Speaker 4: Yeah oh you don't want that.

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Speaker 5: Oh okay, yeah, all right, you know, and that's that's

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the whole problem with with with the with the the

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the real politiic, you know, the the the not the

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pollit Bureau, but the proletariat in this country. And I

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don't mean the people listening to this show, but like

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I said, it's the ignorance, but it's also the one

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to you want to have your cake and eat it too.

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Speaker 4: And you know, it's like, dude, bringing down inflation. You're like, okay,

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well this will do it. And they're like no, no, no,

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I don't want a stock market to.

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Speaker 2: Go down, right right, So not that inflation.

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Speaker 4: Yeah yeah. So they're like, well, can't you thread the needle?

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Speaker 5: And you're like okay, yeah, like it's it. Yeah, it's

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just tough man. At some point in this country, and

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again this is the news to you or anybody that's

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listening to the show.

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Speaker 4: You and I've talked about it one.

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Speaker 5: Hundred times, but at some point in this country, we

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decided that good was no pain and I just, I

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just it's an odd concept.

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Speaker 2: Yeah, you know what I mean?

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Speaker 4: Yeah, like where in that Where in the natural world

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do you see that? Never? Nowhere?

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Speaker 1: You're one of the most powerful questions you can ask

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a person who's attempting to Oh, what would I say?

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Propaganda's an argument with you ask them what things mean.

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So someone says to you, well, you know what I look,

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I just I'm in pursuit of social justice. Oh what's

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that mean?

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Speaker 2: And they look at you social justice? Yeah, what what

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does that mean?

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Speaker 4: Now? What does it mean to you?

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Speaker 5: Right?

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Speaker 1: And well, I just mean that, you know, things should

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be fair. Let's take an example like what's fairness mean?

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Fairst outcome, fairness of effort? And that can lend you

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to questions. One of the great questions I love asking

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people is they talk about the minimum wage. I love

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to agree with them. So, okay, so the minimuage should

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be thirty five dollars. Awesome, we agree, what's the minimum effort? Well,

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how do you calculate that the minimum effort?

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Speaker 2: What do you mean?

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Speaker 1: Well, I mean there's a minimum wage. You should have

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a minimum effort. What does that mean? That can't be quantified?

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And yet the minimum wage can be quantified. That's a

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powerful question of what these things mean. Speaking of minimum wage,

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and this might be one of the five companies. I

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don't know because you didn't tell me. You refuse to

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tell me. I said, tell me, and he said, I'm

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not telling you. Amazon whit go ahead.

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Speaker 4: Well, we got a news flash for you.

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Speaker 5: Okay, So now this show airs Friday, correct, right, right, Yeah,

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so a little bit delayed, but we did get that

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interest straight cut, just like we thought.

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Speaker 4: I just I was just messing.

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Speaker 5: People were wondering why I was touching my screen. I

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was messaging with my analyst to get the deal. Got

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a twenty five base point interest straight cut.

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Speaker 4: But here's the news.

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Speaker 5: The news is the FED is discontinuing quantitative tightening.

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Speaker 2: That means what does that mean?

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Speaker 5: So what that means is they're no longer going to

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let bonds burn off.

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Speaker 4: Now here's why this is funny.

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Speaker 1: In two thousands, it's funny because no, I'm sorry to interrupt,

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it's funny because.

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Speaker 2: We're going to be a discontinuing a quantitative tightening. What

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does that mean?

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Speaker 4: Yeah?

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Speaker 5: Okay, So quantitative easing is the act of the government

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printing money and buying up government.

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Speaker 2: Debt, conjuring money from thin air.

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Speaker 5: Yes, in an effort to push down interest rates. Okay,

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so what we had been doing. Now, So guys like

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me as early as twenty thirteen, and I've been on

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the radio saying this.

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Speaker 4: You and I have talked about this, Yeah, and plenty

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of people have.

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Speaker 5: I'm not like the only one that got it right

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by any stretch of the imagination.

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Speaker 4: But in twenty thirteen, there was an interview or excuse me,

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was it?

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Speaker 5: It was either Janet Yellen or Ben Bernanke was interviewed

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on sixty minutes and they said, when are you going

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to undo this?

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Speaker 3: Right?

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Speaker 5: You've bought all these trillions of dollars of bonds, When

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are you going to didn't do this and they said,

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quote unquote, Oh, there's no need to worry about that.

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When it becomes time, we'll unwind the balance sheet and

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it will be as boring as watching paint dry quote unquote.

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Speaker 4: Okay.

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Speaker 5: That was when the balance sheet was like less than

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two trillion. Okay, today it's a six point eight trillion.

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And they just had to stop quantitative tightening, which is

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the undoing of quantitative easy. So we got down to

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six point eight trillion, and the FED was like, now

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we can't do it anymore, can't do anymore.

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Speaker 4: But it was supposed to be as easy as letting

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paint dry. Now.

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Speaker 5: The reason I say this is not to be arrogant,

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Like I said, I wasn't the first guy I heard

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say this, okay, but the reason and I think it's

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important to point this out because, especially for young people,

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you need to know that it's not so much important

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what you know, it's how you think, how you process information.

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Speaker 3: Right.

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Speaker 5: We said back in twenty thirteen when that quote happened,

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that zero interest rate, zero percent interest rates and quantitative

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easing was an economic roach motel. And what we meant

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by that is it's like the hotel California. You can

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check out any time you like, but you can never leave.

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Speaker 3: Right.

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Speaker 5: Well, we get all the way down the six point

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eight trillion on the balance sheet, and the FEDS like,

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no mos nomos.

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Speaker 4: So I mean, what.

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Speaker 1: Does this mean for people who were up set to

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retire like in the next two years.

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Speaker 4: It means that inflation isn't going away, is what it means.

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Speaker 1: So they flower the rights, but it's not going away

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right right?

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Speaker 4: And look, here's the concern.

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Speaker 5: You've got the stock market right now blasting off to

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new highs in the last two days on virtually no news.

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Nvidia has tacked on another five hundred billion dollars of

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market cap on effectively nothing. I think that you could

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be looking at the beginning of a hyperbolic blowoff top,

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or you could be looking at a severe equity correction

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here in the short term. Those are really wide outcomes.

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But I'm just telling you, all I know is I'm

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looking at the whole market system right now. Yeah, and

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it's shape, it's shaky, yeah, but I'm sure it's go

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all in on in Vidia.

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Speaker 4: Yeah. So I would take I would take the other

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side of that.

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Speaker 5: I would just I would just telling people you've got

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apples multiple accelerating toward forty five.

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Speaker 4: I mean, it's just absolutely insanity.

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Speaker 5: So my for people at home, I would just say, hey,

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as long as this stuff keeps going up, so not

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not liquidate, take profits. This is fifteen years into the

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biggest bull run in the history of the United States.

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Our valuations are getting absurd, and if we blast off

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from here, it's going to be the end.

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Speaker 4: Like, just if we blast off from here, it will

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be the beginning of the end, and I think you

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can take that to the bank. So just sell into it, right,

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just take profits.

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Speaker 1: There's a new investment guide I'm looking at. It's the

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Wasserman Lee Warner Guide to Investing, and.

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Speaker 2: This one's big.

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Speaker 1: I'll share this with you in a second, Zach. And

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because man, they're performing overperforming. Yeah, I'll share this with

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00:18:29,720 --> 00:18:32,319
you in a second. You probably have plans for retirements.

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You probably have an image of things you want to do,

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and if you're really good planners, maybe you've got that

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all laid out. But in the behind the scenes, do

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you know how much of your retirement AI is eaten?

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Speaker 2: I mean, do you know?

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Speaker 1: Do you know if you're exposed to certain industries and

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industry groups that are being consumed by AI, or are

403
00:18:53,480 --> 00:18:56,680
you super overexposed on things that are way, way way

404
00:18:56,720 --> 00:19:01,119
above value. For instance, if you had any ETF involved

405
00:19:01,119 --> 00:19:04,279
in building your retirement portfolio, and you are like the

406
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average person, forty percent of what you think is your

407
00:19:06,880 --> 00:19:11,839
wealth is tied up in seven companies, six of whom

408
00:19:12,440 --> 00:19:16,079
are way overvalued by any mathematical rating at all, any

409
00:19:16,519 --> 00:19:19,599
mathematical rating at all. So let me make a suggestion

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00:19:19,720 --> 00:19:22,519
for you get with my friend Zach Abraham, chief investment

411
00:19:22,559 --> 00:19:24,559
officer at Bulwark Capital Management, and Zach.

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Speaker 2: Will look through your portfolio.

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00:19:26,279 --> 00:19:29,759
Speaker 1: He'll look through all of your accounts, liabilities, assets, and

414
00:19:29,799 --> 00:19:33,359
those dreams, and he'll tell you if you are over

415
00:19:33,400 --> 00:19:36,799
exposed to risk because risk management is Zach's jazz. He

416
00:19:36,880 --> 00:19:39,960
loves that it is his gig, and they actively manage

417
00:19:40,000 --> 00:19:42,960
every single portfolio which can reduce risk and volatility. All

418
00:19:43,000 --> 00:19:45,039
of this is no obligation, and it ends if you

419
00:19:45,119 --> 00:19:47,880
choose to proceed. You might have that first conversation with

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00:19:48,000 --> 00:19:48,400
Zach and go.

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Speaker 2: This guy noys me. I don't want to work with

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00:19:49,880 --> 00:19:52,720
him fair enough, no obligation, but.

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00:19:52,680 --> 00:19:54,519
Speaker 1: If you do decide you want to work together, Zach

424
00:19:54,559 --> 00:19:57,759
will show you if he thinks you should move, because

425
00:19:57,799 --> 00:19:59,799
if it doesn't think your move you should move, he'll

426
00:19:59,799 --> 00:20:00,519
tell you stay put.

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00:20:00,839 --> 00:20:03,079
Speaker 2: All of it's free, no obligation, easy to register for.

428
00:20:03,240 --> 00:20:05,559
Speaker 1: Just go to Know Your Risk podcast dot com Know

429
00:20:06,039 --> 00:20:09,319
Your Risk Podcast dot com Investment advisor services off their

430
00:20:09,359 --> 00:20:12,880
Trek Financial lcn SC Rich Investment Advisor investments involved risk

431
00:20:12,960 --> 00:20:15,480
and are not guaranteed past performances and guarantee future results.

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00:20:15,480 --> 00:20:18,440
Truck twenty five desh three three eight, So Zach, this

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00:20:18,480 --> 00:20:18,920
is where.

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Speaker 2: I'm getting my financial advice.

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00:20:20,079 --> 00:20:24,559
Speaker 1: It's from a firm called Schultz, Lee and Warner. In

436
00:20:24,599 --> 00:20:27,839
other words, Debbie Wasserman Schultz, Susie Lee, the representative and

437
00:20:27,880 --> 00:20:28,920
Senator Mark Warner.

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Speaker 7: Back in November, we noticed Representative Wi Wasserman Schultz buying

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00:20:33,200 --> 00:20:35,680
stock in a company called Viasat Anywhere. Caught an eye

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00:20:35,680 --> 00:20:37,400
because it was the first time we'd seen her by

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the stockers, the first time we've seen any member by

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00:20:39,400 --> 00:20:42,759
the stock Okay, so Wie Wasserman Schultz sits on the

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Appropriations Committee and the Subcommittee on Military Construction.

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Speaker 4: That's not a good looks.

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Speaker 7: Right after that, and then in December it was announced

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that Bias that would be awarded part of like a

447
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four million dollar NASA contract, and the Doctor DROs looks

448
00:20:56,000 --> 00:20:59,079
like they've got another big contract also with the Department

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of Defense. Right after the nasty contract. A couple of

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years ago, we saw a Representative Susie Lee by stock

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in a company called nine Metal Ryal, which is a

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German defense contractor, which I mean that that rang online

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boss best because it's like it was a stock we

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had seen any members tra to be poor and obviously

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very tight ended US defense policy.

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Speaker 5: It's that they're doing a lot of work with the

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Army LA modernization and that there's big money in that.

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Speaker 7: Susie Lee sat on a committee on Military constructure and

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since then the stocks isn't like I think two hundred

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and fifty percent. Last year we saw Senator Mark wren

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mullen by stock in a company called Badger Meter, which

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really caught our attention because Badger Meter makes automated water

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meters and Senator Mark Whre Mullins's on the Senate Committee

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on Environment and Public Works, and we learned that the

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EPA had recently passed in the mandate basically encouraging cities

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to switch to automated water meters to hear. Following the trade,

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Vedgero Meter stock rose around forty percent before Senator was

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going Moder's.

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Speaker 1: Position, they're killing at Zach. They're really good investing. I

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mean it's got to be the algorithm something, you know.

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How does that fail to know you'd be in prison.

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Speaker 5: That's why I was shaking my head the all time

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is it's it's just out and out theft and fraud

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and corruption and they're just looting the bird and they're

475
00:22:19,680 --> 00:22:22,440
doing it in playing daylight.

476
00:22:22,799 --> 00:22:26,720
Speaker 4: Everybody talks about the pitchforks. The pitchforks should be out already.

477
00:22:27,359 --> 00:22:29,680
I mean, this is just criminal.

478
00:22:30,680 --> 00:22:36,920
Speaker 5: If I was sitting next to them, okay, and acted

479
00:22:36,960 --> 00:22:40,559
on the information they gave me, I would go to jail.

480
00:22:41,440 --> 00:22:42,720
Speaker 4: And they're the public servant.

481
00:22:43,359 --> 00:22:45,640
Speaker 5: I'm the money manager that's supposed to be the greedy

482
00:22:45,680 --> 00:22:48,559
capitalist that's out for myself. Meaning when I walk into

483
00:22:48,559 --> 00:22:51,119
the room, nobody thinks I'm there for their best interest

484
00:22:51,160 --> 00:22:56,119
EXCEP my clients, right right, She's the public servant. Yet

485
00:22:56,160 --> 00:22:58,319
if she tells me and we do the exact same

486
00:22:58,359 --> 00:22:59,200
thing at the same.

487
00:22:59,039 --> 00:23:03,119
Speaker 4: Time, he's good by it, and I'm not. I'm going

488
00:23:03,200 --> 00:23:03,799
to jale.

489
00:23:05,319 --> 00:23:08,119
Speaker 1: Everybody needs you got everybody needs to understand the severity

490
00:23:08,200 --> 00:23:08,799
what Zach saying.

491
00:23:08,839 --> 00:23:10,599
Speaker 2: So let me let this scenario and you tell me

492
00:23:10,599 --> 00:23:11,160
if I'm wrong.

493
00:23:12,440 --> 00:23:17,839
Speaker 1: Let's say that I am in the Congressional UH cafeteria,

494
00:23:19,160 --> 00:23:21,720
and let's say that Mark Warner is down there, he's

495
00:23:21,759 --> 00:23:24,480
having his breakfast cereal, meet with the staff whatever, and

496
00:23:24,559 --> 00:23:28,200
he leaves on his desk a memo saying, hey, this

497
00:23:28,359 --> 00:23:29,440
legislation is good.

498
00:23:30,279 --> 00:23:31,799
Speaker 2: UH, this mandate's going in place.

499
00:23:32,240 --> 00:23:34,440
Speaker 1: Water meters are going to be these these smart meters

500
00:23:34,440 --> 00:23:35,400
are going to be required.

501
00:23:36,160 --> 00:23:38,359
Speaker 2: And right next to that is a by order for

502
00:23:38,440 --> 00:23:39,079
this company.

503
00:23:39,839 --> 00:23:45,720
Speaker 1: If I glanced at that one, huh.

504
00:23:43,480 --> 00:23:47,359
Speaker 2: And went and bought and they found out I did that,

505
00:23:48,160 --> 00:23:51,480
I would go to prison. Mark Warner would not. Yes,

506
00:23:52,119 --> 00:23:52,519
that's and.

507
00:23:52,880 --> 00:23:55,200
Speaker 4: If you if you were, if if you knew that

508
00:23:55,319 --> 00:23:56,519
it was inside information.

509
00:23:59,079 --> 00:24:01,759
Speaker 2: That's so I know, I know.

510
00:24:01,920 --> 00:24:04,200
Speaker 5: And and and those rules apply to you whether you're

511
00:24:04,759 --> 00:24:08,359
whether you're in the industry or not. And and there

512
00:24:08,400 --> 00:24:12,759
have been horrific miscarriages of justice using that legislation, you know.

513
00:24:12,720 --> 00:24:14,559
Speaker 4: Like there was like the Martha Stewart like that was

514
00:24:14,599 --> 00:24:18,319
a joke. She met like there was a joke, and

515
00:24:18,359 --> 00:24:19,759
she went to jail. I mean she went it was

516
00:24:19,839 --> 00:24:22,039
kind of prison, but yeah, but it was prison.

517
00:24:22,519 --> 00:24:27,119
Speaker 5: And and these people are just and and they're so.

518
00:24:27,200 --> 00:24:30,000
Speaker 4: Full of it. Man, you know, we can't get the votes.

519
00:24:30,119 --> 00:24:32,440
Isn't that weird? How they We've got these.

520
00:24:32,200 --> 00:24:34,119
Speaker 5: Things like the carried in for sloop hole that we've

521
00:24:34,119 --> 00:24:39,279
talked about govern Congress's ability to to trade stocks, even

522
00:24:39,279 --> 00:24:41,440
the ones that pertain to inside information.

523
00:24:41,599 --> 00:24:42,920
Speaker 4: Right, we we.

524
00:24:42,839 --> 00:24:46,839
Speaker 5: Know these things, and yet we still keep voting these

525
00:24:46,880 --> 00:24:50,319
people in it's just it's unconscionable.

526
00:24:50,480 --> 00:24:50,720
Speaker 2: Yeah.

527
00:24:50,799 --> 00:24:53,839
Speaker 5: And and then you know, especially with our friends on

528
00:24:53,880 --> 00:24:56,880
the left, they're looking at us, going that corruption at

529
00:24:56,920 --> 00:24:58,599
Trump and I and you're looking.

530
00:24:58,359 --> 00:25:04,000
Speaker 4: At them going just Lee's look, just look at your side. No,

531
00:25:04,319 --> 00:25:04,640
it's you.

532
00:25:04,880 --> 00:25:08,240
Speaker 5: And you're like, okay, all right, man, they're not just

533
00:25:08,319 --> 00:25:13,000
stealing from me. They're not just stealing from me. They're

534
00:25:13,039 --> 00:25:14,079
stealing from you too.

535
00:25:15,359 --> 00:25:17,200
Speaker 2: You it's amazing, shall not steal?

536
00:25:18,960 --> 00:25:19,920
Speaker 4: Yeah yeah.

537
00:25:19,960 --> 00:25:20,440
Speaker 2: And that's that.

538
00:25:20,640 --> 00:25:21,039
Speaker 4: And the.

539
00:25:22,519 --> 00:25:25,720
Speaker 1: Accounting happens. Here's a crazy thing about God is he

540
00:25:25,759 --> 00:25:26,680
doesn't need accountants.

541
00:25:28,079 --> 00:25:30,279
Speaker 2: All the math is in his head. All the maths

542
00:25:30,279 --> 00:25:30,839
in his head.

543
00:25:31,240 --> 00:25:33,200
Speaker 4: But here's the other thing I don't understand.

544
00:25:33,279 --> 00:25:35,559
Speaker 5: I don't understand why Trump won't step up there and

545
00:25:35,599 --> 00:25:38,880
just say, hey, here's a bill we're putting out Congressional

546
00:25:38,880 --> 00:25:41,440
members can no longer can no longer trade stocks.

547
00:25:41,839 --> 00:25:45,680
Speaker 1: I think I know, because he's not going to get

548
00:25:45,680 --> 00:25:48,720
support from his side. He's gonna get embarrassed and Republicans

549
00:25:48,720 --> 00:25:50,039
aren't gonna back it, and they're.

550
00:25:49,839 --> 00:25:50,440
Speaker 4: Gonna park it.

551
00:25:51,000 --> 00:25:53,079
Speaker 1: So he could use the Bulletpolple done that. But Trump

552
00:25:53,160 --> 00:25:56,720
is like he's got his focus and sometimes it's not

553
00:25:56,759 --> 00:25:59,799
our focus. I think immigration. He's sincere in that. I

554
00:25:59,799 --> 00:26:05,680
think sincerely wants peace. I'm really worried about Gaza because

555
00:26:05,720 --> 00:26:07,680
there's a lot of talk that they really have a

556
00:26:07,720 --> 00:26:11,119
fifty billion dollar plan to build a resort in Gaza,

557
00:26:11,799 --> 00:26:13,720
and that Trump's son in law is in on this.

558
00:26:13,799 --> 00:26:18,519
If Jacob Kirshner, if he builds a resort in Gaza,

559
00:26:19,839 --> 00:26:24,599
this could be one of the biggest, most unconscionable, immoral

560
00:26:24,599 --> 00:26:25,839
acts in the history of the world.

561
00:26:26,400 --> 00:26:27,480
Speaker 4: I thought that was a joke.

562
00:26:28,319 --> 00:26:29,319
Speaker 2: Yeah, so did I.

563
00:26:29,640 --> 00:26:32,119
Speaker 1: And then I heard Kirshner talking about a fifty billion

564
00:26:32,160 --> 00:26:35,279
dollar plan in sixty minutes, and I don't want it

565
00:26:35,319 --> 00:26:38,559
to be true, but we need to be able to

566
00:26:38,640 --> 00:26:40,720
question these things. I want to get into these big

567
00:26:40,759 --> 00:26:44,200
companies and this this thing he told us before the show,

568
00:26:44,240 --> 00:26:47,279
because this I don't know why this strikes fear in me.

569
00:26:47,480 --> 00:26:49,599
God tells us to not have hearts of fear, but

570
00:26:49,839 --> 00:26:54,440
you know, sort of just God said, know that I'm

571
00:26:54,519 --> 00:26:56,839
the Lord, Like be still and know that I'm the Lord.

572
00:26:57,160 --> 00:26:58,680
So I want to get into this in a second,

573
00:26:58,799 --> 00:27:00,720
and by that, I want to talk about these corporate

574
00:27:00,759 --> 00:27:02,519
jobs at Amazon says they can cut We'll do this

575
00:27:02,559 --> 00:27:03,079
with Zach Ebro.

576
00:27:03,079 --> 00:27:03,759
Speaker 2: I'm in a second.

577
00:27:04,039 --> 00:27:05,799
Speaker 1: I want to just tell you something real quickly about

578
00:27:05,799 --> 00:27:06,880
our friends at renew Healthcare.

579
00:27:06,960 --> 00:27:07,720
Speaker 2: This is who they are.

580
00:27:08,880 --> 00:27:11,319
Speaker 1: I got a note from a friend of mine and

581
00:27:11,680 --> 00:27:13,880
she was in my war room. She still does the

582
00:27:13,920 --> 00:27:18,319
warm room, and she's a good committed Christian lady. She's

583
00:27:18,359 --> 00:27:21,359
not a port of Arta with some friends, and she

584
00:27:21,440 --> 00:27:24,359
gets sick. Now, this isn't anything to do with stem

585
00:27:24,440 --> 00:27:28,079
cells stars. I know she's kind of really concerned. She's

586
00:27:28,119 --> 00:27:31,519
in Mexico, she has like, doesn't really speak the language

587
00:27:32,319 --> 00:27:36,200
down there with family, and she texted me and said,

588
00:27:36,240 --> 00:27:39,640
I'm really scared. Would it be possible at all for

589
00:27:39,720 --> 00:27:41,400
me to talk to your doctors down here? And again,

590
00:27:41,400 --> 00:27:44,000
this is nothing to with stem cells. I texted Steve.

591
00:27:44,440 --> 00:27:46,559
You met Steve Zach when we were down there with

592
00:27:46,599 --> 00:27:49,720
dinner with Steve. He's the managing partner. I texted him

593
00:27:49,720 --> 00:27:52,200
and said, hey, man, I'm sorry to bother you. Would

594
00:27:52,200 --> 00:27:54,119
you do a favorite for a friend of mine. She's

595
00:27:54,119 --> 00:27:56,680
feeling really sick, and she's afraid, and she's in Mexico.

596
00:27:57,079 --> 00:27:59,240
Could she possibly talk to one of your doctors just

597
00:27:59,279 --> 00:28:04,759
to get some guidance? Not two minutes later, Steve writes back,

598
00:28:04,759 --> 00:28:07,680
absolutely give him my number. I mean, this is a

599
00:28:07,720 --> 00:28:13,119
guy running a really advanced health clinic and he's just

600
00:28:13,160 --> 00:28:16,319
gonna do this because this is who he is. So

601
00:28:16,359 --> 00:28:18,240
when we talk about the stem cells, when we talk

602
00:28:18,279 --> 00:28:20,319
about testing your heart to see if you're likely to

603
00:28:20,359 --> 00:28:22,160
have a heart attack, the fact that they've saved the

604
00:28:22,200 --> 00:28:25,799
lives of three podcast family members who went down there

605
00:28:25,799 --> 00:28:28,519
for stem cells. One of them was the wife. She

606
00:28:28,599 --> 00:28:31,599
wasn't even there for stem cells, her husband was. She

607
00:28:31,759 --> 00:28:35,200
was just really tired and they said, please get this check.

608
00:28:35,279 --> 00:28:37,839
Turned out she was fixed and have heart attack. Same

609
00:28:37,880 --> 00:28:40,160
thing happened with the gentleman who was down there, same

610
00:28:40,200 --> 00:28:42,240
exact thing. Both of them had to have.

611
00:28:42,160 --> 00:28:46,640
Speaker 2: Surgery that day. Their lives were saved. And they're doing

612
00:28:46,680 --> 00:28:48,200
this for my friend and I won't say your name.

613
00:28:49,000 --> 00:28:49,759
That's who they are.

614
00:28:50,200 --> 00:28:52,000
Speaker 1: So you've heard us talk about this, this is how

615
00:28:52,000 --> 00:28:53,799
a But you can trust them. If you've put this off,

616
00:28:53,839 --> 00:28:57,319
stop putting it off. Go to renew U E dot Healthcare.

617
00:28:57,400 --> 00:28:59,480
That's renew r E and U E dot health Care.

618
00:28:59,519 --> 00:29:01,720
And I'm planning to be down there December twelfth to

619
00:29:01,759 --> 00:29:03,680
the seventeenth. I hope you joined me for that renewed

620
00:29:03,720 --> 00:29:09,519
dot healthcare. So Amazon is targeting it says, and this

621
00:29:09,599 --> 00:29:11,920
has been Reuter's others, And I think they're one of

622
00:29:11,960 --> 00:29:14,079
the five companies you might be saying is bigger than

623
00:29:14,079 --> 00:29:14,920
the US economy.

624
00:29:15,599 --> 00:29:17,799
Speaker 2: They are going to be getting rid.

625
00:29:17,640 --> 00:29:22,119
Speaker 1: Of thirty thousand corporate jobs, and they're saying this is AI.

626
00:29:22,559 --> 00:29:24,599
These are not the jobs that are used to being cut.

627
00:29:24,759 --> 00:29:28,440
These are not people in prime it's not people packing boxes.

628
00:29:28,880 --> 00:29:30,880
Not that that's a bad job. All work is honorable,

629
00:29:31,119 --> 00:29:33,799
but you're talking about some pretty upity up people here.

630
00:29:34,799 --> 00:29:36,960
This AI is going to cut. I don't think these

631
00:29:36,960 --> 00:29:39,000
guys thought was going to cut them. I think they

632
00:29:39,039 --> 00:29:40,640
thought this was another person's problem.

633
00:29:41,920 --> 00:29:45,519
Speaker 5: The interesting thing when you get into AI, and I

634
00:29:45,559 --> 00:29:51,480
think that the tech industry and I think that the

635
00:29:51,519 --> 00:29:55,519
rest of the financial world is really forgetting about a

636
00:29:55,519 --> 00:30:00,599
flip side of this whole thing. AI is going to

637
00:30:00,720 --> 00:30:05,559
effectively completely undo their business models. And what I mean

638
00:30:05,599 --> 00:30:09,200
by that is AI is going to be the beginning.

639
00:30:09,880 --> 00:30:14,079
So AI is going to take the same race that

640
00:30:14,200 --> 00:30:17,799
was defined by Moore's law right the doubling of compute YEP,

641
00:30:18,160 --> 00:30:20,880
it's going to apply that to every tech company yep,

642
00:30:21,759 --> 00:30:25,799
which means that the structure of their businesses have to change.

643
00:30:26,240 --> 00:30:28,759
When you look at the tech companies, and Amazon and

644
00:30:28,839 --> 00:30:32,440
Microsoft would be a perfect example, they have businesses that

645
00:30:32,480 --> 00:30:35,559
I like to refer to as like turnstiles, meaning the

646
00:30:35,640 --> 00:30:38,720
majority of the work and the cost are realized upfront,

647
00:30:38,880 --> 00:30:42,599
and then the amount of people then required to maintain

648
00:30:42,640 --> 00:30:45,720
it and make it run are very minimal.

649
00:30:46,279 --> 00:30:46,480
Speaker 3: Right.

650
00:30:46,880 --> 00:30:49,359
Speaker 4: But even though you do.

651
00:30:49,160 --> 00:30:51,519
Speaker 5: Not have to keep putting that kind of capital up,

652
00:30:52,000 --> 00:30:57,119
but the profits increase, right, So literally as you're amortizing

653
00:30:57,200 --> 00:31:00,319
the cost the lower and lower over the year, the

654
00:31:00,359 --> 00:31:04,599
profits from that same entity, that turnstile that you built

655
00:31:04,599 --> 00:31:09,920
are increasing, right, just just through you know, inertia effectively. Yeah,

656
00:31:10,039 --> 00:31:13,119
and when you look at all those tech businesses, and

657
00:31:13,160 --> 00:31:15,599
if you look at SaaS as an example, software in

658
00:31:15,680 --> 00:31:17,640
the service, that's the business model.

659
00:31:17,960 --> 00:31:20,480
Speaker 4: Okay, you flip over to AI.

660
00:31:20,680 --> 00:31:23,160
Speaker 5: AI is going to be it is going to make

661
00:31:23,200 --> 00:31:27,400
the whole tech industry subject to Moore's law. But whatever

662
00:31:27,400 --> 00:31:31,640
they refer to the AI version of right right, because

663
00:31:32,039 --> 00:31:35,519
new AI, they're going to be popping up constantly that

664
00:31:35,599 --> 00:31:41,519
are going to be endangering ecosystems, endangering investments that already happened.

665
00:31:41,960 --> 00:31:45,799
And the other thing is when you think about the

666
00:31:45,839 --> 00:31:49,319
sheer size of the amount of investment that's going into this,

667
00:31:51,000 --> 00:31:52,160
I think AI is going to.

668
00:31:52,079 --> 00:31:53,039
Speaker 4: Be a really big deal.

669
00:31:53,119 --> 00:31:55,279
Speaker 5: But when you look at this is the part of

670
00:31:55,279 --> 00:31:58,920
it that I think everybody forgets about. The profits in

671
00:31:58,960 --> 00:32:02,839
the revenues are going to be big, but that isn't enough.

672
00:32:03,200 --> 00:32:09,279
They need to be big as a percentage of the investment, right, yep,

673
00:32:09,480 --> 00:32:14,160
Like the profits from these investments need to exceed the.

674
00:32:14,119 --> 00:32:15,880
Speaker 4: Investments, Okay.

675
00:32:15,960 --> 00:32:19,119
Speaker 5: And so when you look at the trillions that's going in,

676
00:32:19,160 --> 00:32:22,480
it's the biggest capex cycle in the history of human beings.

677
00:32:22,960 --> 00:32:25,799
Right When you look at the level of capital that's

678
00:32:25,839 --> 00:32:29,519
going in, it's I'm not a pessimist.

679
00:32:29,960 --> 00:32:32,640
Speaker 4: I'm just saying you're looking at the world and going man.

680
00:32:33,480 --> 00:32:37,519
Speaker 5: Productivity either needs to go through the roof or GDP

681
00:32:37,720 --> 00:32:41,359
needs to miraculously increase by fifty percent over the next

682
00:32:41,400 --> 00:32:44,119
five to seven years, or I don't see how in

683
00:32:44,160 --> 00:32:46,640
the world you're ever gonna make a meaningful amount of

684
00:32:46,720 --> 00:32:50,599
return on this investment in such a relatively short time,

685
00:32:50,799 --> 00:32:53,279
Meaning you can come up with the greatest product in

686
00:32:53,319 --> 00:32:55,319
the world, and if enough people can't buy it. It

687
00:32:55,319 --> 00:32:58,839
doesn't really matter, you know what I'm saying. And so

688
00:32:59,160 --> 00:33:03,440
the more you and best, the higher that hurdle becomes.

689
00:33:04,680 --> 00:33:07,519
Like you know you, for instance, you could create the

690
00:33:07,559 --> 00:33:12,039
most unbelievable technology that does the most unbelievable stuff in

691
00:33:12,079 --> 00:33:15,079
the world, but if it takes you an amount of

692
00:33:15,160 --> 00:33:18,400
money that you won't be able to generate a positive

693
00:33:18,440 --> 00:33:21,440
return on that technology in the first ten to fifteen years.

694
00:33:21,839 --> 00:33:25,799
It doesn't matter, right, Like, it doesn't matter, yeap. So

695
00:33:26,960 --> 00:33:30,000
I look, I think a lot of people are looking

696
00:33:30,039 --> 00:33:32,759
at this wrong. I think that AI is going to

697
00:33:32,880 --> 00:33:36,960
wreck more tech companies than it helps. Now, the ones

698
00:33:37,000 --> 00:33:39,240
that get it right are going to be in the

699
00:33:39,319 --> 00:33:41,759
cab bird seat, but a lot of them are going

700
00:33:41,839 --> 00:33:42,440
to get it wrong.

701
00:33:42,839 --> 00:33:44,200
Speaker 2: But we're going to have companies.

702
00:33:44,319 --> 00:33:51,559
Speaker 1: I envisioned a company with a boardroom and AI, like Amazon,

703
00:33:51,599 --> 00:33:54,880
becomes a company of what five hundred people?

704
00:33:55,720 --> 00:33:57,720
Speaker 2: I mean, I know they're going to need delivery drivers for.

705
00:33:57,640 --> 00:33:59,960
Speaker 4: A while, for a while, not very long.

706
00:34:00,440 --> 00:34:02,359
Speaker 1: I just saw the first and I'm gonna try to

707
00:34:02,440 --> 00:34:03,839
figure out how to put this on the show. I

708
00:34:04,160 --> 00:34:06,480
watched the first full length dad for the first robot

709
00:34:06,519 --> 00:34:07,000
in your home.

710
00:34:07,839 --> 00:34:08,400
Speaker 2: Have you seen this?

711
00:34:10,679 --> 00:34:13,199
Speaker 4: Yeah, I've seen some of them. Yeah, I've seen some.

712
00:34:13,400 --> 00:34:14,599
Speaker 2: So the ship it's your house.

713
00:34:14,840 --> 00:34:19,880
Speaker 1: It comes in a creepy invasion of the body Snatcher's egg,

714
00:34:20,960 --> 00:34:24,440
and the egg opens and it stands up and says hello,

715
00:34:24,960 --> 00:34:29,079
and I forget his name, its name, and it introduces

716
00:34:29,199 --> 00:34:32,199
itself and you're supposed to tell it your name, and

717
00:34:32,280 --> 00:34:34,440
I'm here to make life easier for you. And it

718
00:34:34,480 --> 00:34:37,519
follows you into your house, and I guess you kind

719
00:34:37,519 --> 00:34:40,079
of show it around, and it has ais, of course,

720
00:34:40,119 --> 00:34:44,320
to show itself around. So it's emptying your garbage. Then

721
00:34:44,360 --> 00:34:45,760
it's emptying your dishwasher.

722
00:34:46,559 --> 00:34:47,679
Speaker 4: Does you have kids?

723
00:34:48,239 --> 00:34:50,960
Speaker 1: Well, that's what I was saying, right right, that's why

724
00:34:51,000 --> 00:34:52,880
we have kids empty dishwashers.

725
00:34:53,239 --> 00:34:53,480
Speaker 4: Hey.

726
00:34:53,519 --> 00:34:56,599
Speaker 5: The flip side is maybe this will stop the people

727
00:34:56,639 --> 00:35:01,119
not having kids trend right, because they can't afford a robot, like, Hey,

728
00:35:01,360 --> 00:35:02,800
who's gonna take your garbage out?

729
00:35:02,800 --> 00:35:03,840
Speaker 4: Who's going to mow your lawn?

730
00:35:04,199 --> 00:35:04,440
Speaker 5: Yeah?

731
00:35:04,559 --> 00:35:04,760
Speaker 3: Right?

732
00:35:05,039 --> 00:35:05,400
Speaker 4: Kids?

733
00:35:05,599 --> 00:35:06,679
Speaker 2: Right right?

734
00:35:06,800 --> 00:35:07,000
Speaker 5: Yeah?

735
00:35:07,039 --> 00:35:07,960
Speaker 2: If we could just got.

736
00:35:07,880 --> 00:35:10,800
Speaker 5: Mine, speaking of which, I got him out there clipping

737
00:35:10,840 --> 00:35:12,000
my no, no, little lap.

738
00:35:12,639 --> 00:35:13,400
Speaker 4: Yeah, they're out there.

739
00:35:14,239 --> 00:35:17,400
Speaker 1: We don't don't do school, We do work, right, because

740
00:35:17,480 --> 00:35:21,000
work is learning. But I'm looking at this and who

741
00:35:21,079 --> 00:35:23,400
are we when we have a rope?

742
00:35:23,480 --> 00:35:24,920
Speaker 2: There's a scene in this this ad.

743
00:35:24,960 --> 00:35:28,320
Speaker 1: This guy's on his couch and he calls the robot,

744
00:35:28,400 --> 00:35:30,320
we take this to the counter.

745
00:35:30,400 --> 00:35:34,679
Speaker 2: For me, it's his water cup. Who are we that

746
00:35:34,760 --> 00:35:35,519
we need to sit.

747
00:35:35,400 --> 00:35:37,840
Speaker 1: On a couch and not take our own water cup in?

748
00:35:38,199 --> 00:35:40,880
And he's got his girlfriend coming to the house. Go

749
00:35:40,960 --> 00:35:44,000
to the door and let who are we when you

750
00:35:44,079 --> 00:35:46,920
don't get off the couch to welcome a guest to

751
00:35:46,960 --> 00:35:47,440
your home?

752
00:35:48,239 --> 00:35:49,639
Speaker 4: Did you ever see Idiocracy?

753
00:35:50,159 --> 00:35:50,360
Speaker 2: No?

754
00:35:51,639 --> 00:35:56,280
Speaker 5: Okay, so in Idiocracy they actually hooked up toilets and

755
00:35:56,280 --> 00:36:00,639
and and beverage Dispenser's two lazy boys, so you never

756
00:36:00,679 --> 00:36:01,280
had to get up.

757
00:36:03,199 --> 00:36:06,199
Speaker 4: No, No, it's crazy. Yeah, that movie.

758
00:36:06,239 --> 00:36:08,199
Speaker 5: I remember that movie came out. It's funny, it's kind

759
00:36:08,199 --> 00:36:11,039
of foul. I'm not recommending it for family viewing at all.

760
00:36:11,280 --> 00:36:14,119
But it's this it's this horror escape of the future.

761
00:36:16,000 --> 00:36:19,199
I thought it was a comedy. It's starting to feel

762
00:36:19,239 --> 00:36:22,079
like an episode of The Simpsons, where it's like prophetic

763
00:36:22,679 --> 00:36:26,760
and it's it's everybody wears shoes without shoe strings.

764
00:36:26,440 --> 00:36:28,880
Speaker 4: Because nobody knows how to tie shoes. You know, you're

765
00:36:28,880 --> 00:36:32,920
watching people crops making a comeback. It just freaks me out.

766
00:36:32,960 --> 00:36:33,760
It freaks me out.

767
00:36:33,960 --> 00:36:36,199
Speaker 1: Yeah, okay, well you need to get into the companies

768
00:36:36,239 --> 00:36:37,880
that are pushing some of this stuff, because it told

769
00:36:37,880 --> 00:36:41,000
me that these five of these companies that are valued

770
00:36:41,440 --> 00:36:43,719
bigger than something that's really really important.

771
00:36:43,760 --> 00:36:45,199
Speaker 2: So we'll pay that offer in just a second.

772
00:36:45,280 --> 00:36:48,960
Speaker 1: You know, people would look sometimes at in the followers

773
00:36:49,000 --> 00:36:51,480
of Christ and even look at people who were disabled,

774
00:36:52,039 --> 00:36:54,679
and they would say, Lord, you know, Rabbi, who's sin

775
00:36:54,880 --> 00:36:58,119
this this this person or their parents that they're in

776
00:36:58,119 --> 00:37:00,679
this condition. And Jesus taught that look, wait, wait, wait,

777
00:37:00,800 --> 00:37:03,719
neither of their parents sinned. This is done for the

778
00:37:03,719 --> 00:37:05,639
glory of God and the testing of mercy, for the

779
00:37:05,679 --> 00:37:08,119
opportunity for you to extend mercy and kindness for the

780
00:37:08,159 --> 00:37:11,519
poor disabled and paraphrase, and will always be here with us.

781
00:37:12,239 --> 00:37:14,119
So we have a decision as a society how to

782
00:37:14,159 --> 00:37:17,480
do this. And on a very personal basis, my friend John,

783
00:37:17,760 --> 00:37:21,440
who runs Alan Soaps for his kids for the time being,

784
00:37:21,519 --> 00:37:24,559
because John is going to the eternal reward of Christ

785
00:37:24,800 --> 00:37:28,800
sometime next year spring probably summer, John will breathe his last.

786
00:37:29,519 --> 00:37:32,840
He's passing on the company to his wife, teaching her

787
00:37:32,840 --> 00:37:37,679
and I run it. Alan Soaps proves that there are

788
00:37:37,880 --> 00:37:42,039
people who are disabled like Allan who is effectively nonverbal.

789
00:37:42,119 --> 00:37:46,039
His brother Ian impacted by autism as well. Differently Alan

790
00:37:46,079 --> 00:37:48,079
effectively Well, he's been through eighteen operations.

791
00:37:48,119 --> 00:37:48,679
Speaker 4: He's fourteen.

792
00:37:50,119 --> 00:37:52,519
Speaker 1: So now the soap company is not about sympathy. It's

793
00:37:52,599 --> 00:37:55,840
not a charity. It's a company found that on selling

794
00:37:55,880 --> 00:37:58,480
you the best soap in the world, made in the

795
00:37:58,519 --> 00:38:01,559
Midwest by a family of three jeders of soap making expertise,

796
00:38:02,079 --> 00:38:04,480
made with fragrances. You can only get there with the

797
00:38:04,480 --> 00:38:06,480
purpose of selling you the best soap in the world.

798
00:38:06,599 --> 00:38:10,000
So they can employ their sons. That's the point, and

799
00:38:10,039 --> 00:38:13,239
not just their sons. Before this terrible news about John,

800
00:38:13,280 --> 00:38:15,760
we were employing other people. So we have a decision

801
00:38:15,800 --> 00:38:18,559
to make support this soap company or soap companies that

802
00:38:18,599 --> 00:38:22,760
are just made with chemicals and exploitation. Go to Alan

803
00:38:22,800 --> 00:38:24,960
Soaps dot com slash todd. You get ten percent off

804
00:38:24,960 --> 00:38:27,519
all of their products. There, it's Allensaps dot com slash todd.

805
00:38:27,800 --> 00:38:30,960
You told me there are five companies in the United

806
00:38:31,000 --> 00:38:33,000
States whose value exceed what.

807
00:38:34,599 --> 00:38:38,119
Speaker 5: Yeah so as of today because it in Vidia's miraculous

808
00:38:38,119 --> 00:38:41,079
five hundred billion dollar market capitalization appreciation Here in the

809
00:38:41,159 --> 00:38:44,960
last forty eight hours, when you look at when you

810
00:38:45,000 --> 00:38:56,320
look at Nvidia, Apple, Microsoft, Wait, in Vidia, Apple, Microsoft, Google,

811
00:38:57,039 --> 00:39:00,519
and Amazon, you're looking at just I think it's like

812
00:39:00,599 --> 00:39:02,719
nineteen and a half and change, just right around twenty

813
00:39:02,760 --> 00:39:03,679
trillion dollars.

814
00:39:04,400 --> 00:39:06,760
Speaker 4: Hey, the US economy is twenty nine trillion.

815
00:39:07,679 --> 00:39:13,719
Speaker 5: Five companies are now worth over sixty almost seventy percent

816
00:39:14,159 --> 00:39:17,400
the size of the entire US economy. So people say,

817
00:39:17,400 --> 00:39:20,719
what does that mean? Truthfully, it means less than it

818
00:39:20,760 --> 00:39:23,199
would have in past years because those companies we all

819
00:39:23,239 --> 00:39:27,880
know have become much more international, So their value in

820
00:39:27,920 --> 00:39:31,440
comparison to the size of the US economy isn't as

821
00:39:31,519 --> 00:39:33,719
alarming as it would have been in yesteryear.

822
00:39:34,119 --> 00:39:35,679
Speaker 4: Here's what should be alarming.

823
00:39:36,920 --> 00:39:40,199
Speaker 5: When you have corporations like in Nvidia that in and

824
00:39:40,239 --> 00:39:44,880
of itself are worth fifteen percent the size of our economy. Okay,

825
00:39:45,519 --> 00:39:49,599
to think that they will not wield outsized power and

826
00:39:49,719 --> 00:39:55,199
influence is lunacy, right, And I would tell you that

827
00:39:55,280 --> 00:39:59,599
when you have corporation domiciled in a country our size,

828
00:40:02,000 --> 00:40:05,079
I don't think it's I don't. I think it's almost

829
00:40:05,159 --> 00:40:12,960
impossible that those companies do not have illegal and immoral

830
00:40:13,440 --> 00:40:16,760
and outsized and undue influence. And if you want to

831
00:40:16,760 --> 00:40:20,559
know why I say that, what did the last presidential

832
00:40:20,559 --> 00:40:21,760
election cost in total?

833
00:40:21,760 --> 00:40:25,000
Speaker 4: I think it was right around three billion dollars? Yeah, right.

834
00:40:25,039 --> 00:40:29,119
Speaker 1: They can purchase this with interested earn on a payroll

835
00:40:29,159 --> 00:40:31,159
account for one division over a weekend.

836
00:40:32,199 --> 00:40:33,599
Speaker 4: Yeah.

837
00:40:33,639 --> 00:40:38,000
Speaker 5: So when you look at the level of money that

838
00:40:38,119 --> 00:40:40,800
is involved to run this country, and you look at

839
00:40:41,000 --> 00:40:43,360
how expensive it is to get elected now, and you

840
00:40:43,400 --> 00:40:46,119
look at all these factors, and then you look at

841
00:40:46,199 --> 00:40:49,679
so much concentration of wealth and power in so few hands.

842
00:40:50,599 --> 00:40:51,679
Speaker 4: Guys, it's top heavy.

843
00:40:51,719 --> 00:40:57,639
Speaker 5: It's it's the same dangers of having you know, nobody

844
00:40:57,679 --> 00:40:59,239
would sit there and look, hey we're going to design

845
00:40:59,239 --> 00:41:02,239
a skyscraper, but I want the top floor to be like.

846
00:41:02,280 --> 00:41:05,400
Speaker 4: Ten times as heavy as the others. Right, Nobody would

847
00:41:05,400 --> 00:41:05,719
do that.

848
00:41:06,880 --> 00:41:07,039
Speaker 3: Yet.

849
00:41:07,119 --> 00:41:10,400
Speaker 5: That's what That's how our economy is currently structured. It's

850
00:41:10,440 --> 00:41:14,039
not good for working people. Todd, just Tod just you know,

851
00:41:14,119 --> 00:41:17,119
you just illuminate one of the biggest reasons why Amazon

852
00:41:17,199 --> 00:41:23,679
cutting caught are cutting people, right, Look that happens. They're

853
00:41:23,719 --> 00:41:26,480
gonna add people, they're gonna lose people. But bottom line

854
00:41:26,519 --> 00:41:29,639
is the less competitors. Think how many do you think?

855
00:41:29,639 --> 00:41:32,519
How many little niches and sectors of the economy that

856
00:41:32,639 --> 00:41:33,639
Amazon has nuked?

857
00:41:34,320 --> 00:41:37,440
Speaker 4: Right, and look for competition and good read like I

858
00:41:37,840 --> 00:41:39,719
get all that. I'm not saying. I'm just saying as

859
00:41:39,719 --> 00:41:40,679
a statement.

860
00:41:40,239 --> 00:41:43,119
Speaker 5: Oh geez, sorry, I'm getting my camera flew off my

861
00:41:43,199 --> 00:41:46,800
perch here. But just as a statement of fact, it's

862
00:41:46,880 --> 00:41:49,599
driven a lot of small operators and family businesses out

863
00:41:49,599 --> 00:41:53,079
of business. And so when you concentrate all that control

864
00:41:53,119 --> 00:41:56,519
in one place and that company decides it's gonna pivot

865
00:41:56,760 --> 00:42:01,239
and doesn't need as many workers, you get drastic amounts

866
00:42:01,280 --> 00:42:05,159
of people laid off in a really quick hurry. And

867
00:42:05,960 --> 00:42:09,000
remember the other reason that you can't have monopolies of

868
00:42:09,079 --> 00:42:13,000
that size is now you have entities that together rival

869
00:42:13,079 --> 00:42:16,760
the entire financial might of the US government, and so

870
00:42:16,800 --> 00:42:20,320
you have no effective way of pushing back, right, Like

871
00:42:20,679 --> 00:42:24,199
what what you can't compete against something? No?

872
00:42:24,320 --> 00:42:25,920
Speaker 1: No, just think about it this way, think about it,

873
00:42:25,960 --> 00:42:28,159
and like, I'm not I'm not asking for more regulation.

874
00:42:28,400 --> 00:42:30,960
I mean, I do think we need to look really

875
00:42:30,960 --> 00:42:35,039
hard at me at at at laws and regards to monopolies.

876
00:42:35,079 --> 00:42:37,000
Speaker 2: I really do, particularly.

877
00:42:36,679 --> 00:42:39,159
Speaker 1: Google and the ads and searches and all those things

878
00:42:39,159 --> 00:42:43,119
tied together. But let's stick Pfizer just as one example.

879
00:42:43,199 --> 00:42:45,440
It's not one you're a big five, but it's it's

880
00:42:45,440 --> 00:42:48,480
a good comparison. Pfiser gets hit with the biggest criminal

881
00:42:48,559 --> 00:42:52,599
and civilifying in history and goes, eh, that sucks all right. Next,

882
00:42:53,639 --> 00:42:57,119
so let's sabregulatory body comes along to Amazon says, you

883
00:42:57,119 --> 00:43:01,400
know what, you broke some major laws in shipping some stuff,

884
00:43:01,440 --> 00:43:03,719
et cetera. And there were things that there were illegal

885
00:43:03,760 --> 00:43:06,039
things and and people died, and you know, we're going

886
00:43:06,119 --> 00:43:13,000
to find you ten billion dollars. Amazon was like, uh,

887
00:43:13,239 --> 00:43:16,840
probably going to write that off. Yeah, oh, I don't know.

888
00:43:17,119 --> 00:43:21,639
Let's take this out of petty cash. There's we're going

889
00:43:21,719 --> 00:43:23,800
to find you one hundred billion dollars. That's going to

890
00:43:23,840 --> 00:43:26,119
sting a little bit. Might need to sell some sock,

891
00:43:27,079 --> 00:43:29,079
might need to sell some of our own stock. Like

892
00:43:30,400 --> 00:43:31,440
there's nothing you could do.

893
00:43:33,320 --> 00:43:36,119
Speaker 4: No, there's just too Yeah, they're just too big.

894
00:43:36,199 --> 00:43:39,599
Speaker 5: And and you know, as a capitalist and as a

895
00:43:39,599 --> 00:43:42,239
free market guy, I hate saying this, but I don't

896
00:43:42,320 --> 00:43:45,760
understand how you can sit there and act as though

897
00:43:47,079 --> 00:43:50,320
size in and of itself isn't a problem, And especially

898
00:43:50,480 --> 00:43:51,559
in a in a in a.

899
00:43:51,840 --> 00:43:57,599
Speaker 4: Republic like ours, right, it's it's.

900
00:43:58,760 --> 00:43:58,800
Speaker 3: You.

901
00:43:59,079 --> 00:44:01,559
Speaker 4: You cannot have you cannot.

902
00:44:01,079 --> 00:44:05,000
Speaker 5: Have a properly functioning economy with that much wealth and

903
00:44:05,039 --> 00:44:06,800
that much concentration of power at the top.

904
00:44:06,840 --> 00:44:10,159
Speaker 4: You just can't do it. And our whole system wasn't

905
00:44:10,159 --> 00:44:12,239
designed to work that way. It just wasn't. It was

906
00:44:12,280 --> 00:44:15,519
designed to spread the power out. And by doing this

907
00:44:16,119 --> 00:44:17,119
it The.

908
00:44:17,159 --> 00:44:19,719
Speaker 5: Other thing is that you're also allowing, I mean, truthfully,

909
00:44:20,000 --> 00:44:22,719
what you're allowing that unholy union between big business and

910
00:44:22,760 --> 00:44:25,039
government is, and you should everybody should have recognized it

911
00:44:25,039 --> 00:44:27,480
in the Twitter files, is that, of course there's going

912
00:44:27,559 --> 00:44:30,599
to be collusion for reasons that we've already mentioned. And

913
00:44:30,679 --> 00:44:34,840
because there's that collusion allows the government opportunities and avenues

914
00:44:35,159 --> 00:44:38,199
behind the scenes to do things that are untoward that

915
00:44:38,199 --> 00:44:40,119
they otherwise wouldn't be able to do out in public.

916
00:44:40,480 --> 00:44:44,000
Speaker 1: Right, censorship is illegal, even if they deputize people to

917
00:44:44,079 --> 00:44:46,639
do it. But who's going to pay the cost? Because

918
00:44:46,639 --> 00:44:48,159
I can see the big business going, oh, it's not

919
00:44:48,199 --> 00:44:48,440
going to.

920
00:44:48,440 --> 00:44:52,280
Speaker 5: Be us, right, well, and they're right right, they're right,

921
00:44:52,639 --> 00:44:55,280
because all they have to say is you need to

922
00:44:55,320 --> 00:44:55,760
put that.

923
00:44:55,800 --> 00:44:58,079
Speaker 4: Email in a more coercive tone.

924
00:44:58,159 --> 00:45:01,000
Speaker 5: So if this ever blows up, we're like, hey, when

925
00:45:01,000 --> 00:45:02,800
the White House tells you to do something, you got

926
00:45:02,800 --> 00:45:04,199
to do it right.

927
00:45:04,280 --> 00:45:06,119
Speaker 4: So they'll be able to wash their hands in it.

928
00:45:06,119 --> 00:45:08,760
They'll be good. Yeah, well nasty.

929
00:45:09,039 --> 00:45:10,800
Speaker 2: We always have to do. This is to.

930
00:45:10,880 --> 00:45:14,960
Speaker 1: Let's go back and ground ourselves in God His words.

931
00:45:15,880 --> 00:45:20,559
We are not citizens of this world. We are visitors.

932
00:45:21,320 --> 00:45:23,840
Our ultimate home is Jesus Christ in the New Heaven

933
00:45:23,880 --> 00:45:27,320
and the New Earth. We are sojourners. God has already

934
00:45:27,360 --> 00:45:29,400
judged all of this. Great thing is zach, You and

935
00:45:29,440 --> 00:45:31,719
I can use a discernment. We can judge people and

936
00:45:31,880 --> 00:45:35,519
organizations by their fruits. And then what God can say is, hey,

937
00:45:35,960 --> 00:45:38,360
great show, guys, super fascinating.

938
00:45:38,440 --> 00:45:39,480
Speaker 2: Glad you illiminated that.

939
00:45:39,559 --> 00:45:42,079
Speaker 1: Now about the logs stick it out of your head, herman,

940
00:45:43,000 --> 00:45:44,400
and the logs.

941
00:45:44,079 --> 00:45:45,159
Speaker 2: Stick it out of your eyes.

942
00:45:45,679 --> 00:45:47,679
Speaker 1: How about you go clean those up, come back to me,

943
00:45:47,719 --> 00:45:49,920
and then talk more about Jeff Bezos and.

944
00:45:49,800 --> 00:45:51,039
Speaker 2: His companies, et cetera.

945
00:45:51,199 --> 00:45:54,480
Speaker 1: We can rely on that, and that's God will judge,

946
00:45:54,559 --> 00:45:58,239
already has judged, and he knows motives, et cetera. So

947
00:45:58,360 --> 00:46:01,119
let's give glory to God in that. In that sense,

948
00:46:01,519 --> 00:46:03,719
I always appreciate the wise counsel my brother, and we

949
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got to break news today. Even though it's a couple

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of days later.

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Speaker 2: It happened on our recording. We should get credit for that.

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Speaker 1: In fact, we might cut that peace out and make

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it a YouTube clip for the people on the tubes.

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Speaker 2: God bless you. Appreciate you, Zach. This is the Todd

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Herman Shaw.

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Speaker 1: Please go, be well, be strong, be kind, and please

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make every effort to walk in the light of Christ.