Speaker 1: It really might be that five companies are too big
to fail, because if they fail, it would be bigger.
Speaker 2: Than the United States failing. Could that be true?
Speaker 1: Zach Abraham, chief investment officer Bulwarck Capital Management.
Speaker 2: Joins us.
Speaker 1: We'll do this with the help of his company, your
riskpodcast dot com, and God Almighty.
Speaker 3: The Todd Herman Show is one hundred percent disapproved by
big pharma technocrats and tyrants everywhere. From the high mountains
of Free America. Here's the Emerald City exile.
Speaker 1: Todd Hermy, today is the day the Lord has made,
and these are the times to which God has decided
we shall live in. Joining me from near Seattle, but
not in Seattle, surrounded by a fence forty one feet
high with armed turrets and helicopters patrolling to keep the
satellites out. Some are on an island accessible only by
gold plated submarine or aircraft.
Speaker 2: Carrier from the fortress. Zach Abraham, how are you brother.
Speaker 4: Doing, good man?
Speaker 5: It was it was it was a little it was
choppy seas getting out to layer this morning.
Speaker 4: So that's why I was blown away that you knew
that we had to.
Speaker 2: Use the sub I mean, this was guessing I just
saw the weather.
Speaker 1: Nothing says gold plated slub like a little uh weather
back there.
Speaker 5: Yeah, Oh, gold plated sub that's a good one.
Speaker 1: Have you ever thought about buying one of those hobbyist submarines?
Speaker 4: You know? Man, So here's the deal. A lot of
people don't know this about me.
Speaker 5: I haven't done it a lot, but I really like
scuba divings and so, man, I would get down at
a submarine.
Speaker 4: A second. I actually live on the water. Yeah, And
I'm like, I live on a little bay.
Speaker 5: I've thought a hundred times I would love to take
a little submarine down and and and scope out the
bottom of the bay.
Speaker 1: They're not that expensive, I mean comparatively speaking to other
toys people by. You can buy some that are relatively
inexpensive and go down with the kids and do that.
And it'd also be like really cool things that you
could do with your boys, the boys you teach in
you know.
Speaker 2: Football, et cetera.
Speaker 1: There's a lake up here, and people don't talk about this,
but Lake Ponderey up in Sandpoint. It has a naval station,
and it has one of the deepest freshwater lakes in
the in the country, and it's got these caverns. They
trained people to drive submarines, you know, because they're site lets,
they have to use sonar through these cabins. We had
a friend who was a an admiral over a naval
station in Idaho.
Speaker 2: It's funny.
Speaker 1: He'd go to admiral meetings and Admiral Jones from Florida,
Admiral Jones, North Carolina, Admiral from Idaho.
Speaker 2: What landlocked? Do you knew that about that place?
Speaker 4: Yeah?
Speaker 5: Yeah, so so they they they tried out underwater tactics there. Yeah,
they did experimental radar. Funny enough, I know exactly what
you're talking about. In Lake Ponderrey and probably about about
a three miles maybe a two mile boat ride from
my home right now. There's also there was a station
right off of Fox Island and the Pugees Sound there
was did they did a very similar thing where they
actually tested out sonar on nuclear subs throughout you know,
running them through channels and the Puget Sound and things
like that. So I almost actually bought a piece of
property that was right next to the old right, it
was a couple couple lots down, but it was right
next to the old substation.
Speaker 1: Pretty yeah, There's a picture I have of some guys
who were fishing on Lake Ponderay and.
Speaker 2: They're they're out in the water.
Speaker 1: It's a little bit foggy, and they were about with
some friends. So there's a couple of different boats and
someone was just taking a picture of their buddies fishing.
And in the background you see this thing popping up
out of the water and it's the sub.
Speaker 2: Can you imagine being out there?
Speaker 3: No way?
Speaker 2: So that's the issue. The sub needed the surface.
Speaker 1: So you're out there in the water and this thing
like in the middle of the water that would so
wig you.
Speaker 2: But it's such a such a cool picture. I'd love
to talk to the guys in this picture.
Speaker 5: And Alec Baldwin pops out on the top of it,
you know, with Sean Connery, and then they start.
Speaker 4: You know, talking about the joys the living.
Speaker 3: Well.
Speaker 5: Remember the one guy his dream was to live in Montana,
shoot at Idaho.
Speaker 4: He was only a state away. I mean, he would
have been right there.
Speaker 2: I love that movie. I love that. I love that
as well.
Speaker 1: So a little media I want you to respond to
in a second. It's Christian Welker from from The Bockingbird
Media NBC and she's talking to Scott Best of that
we need to talk about this. And then you told
me something about five companies when we were visiting in
the Green Worm earlier and I was over here in
Idaho and you're over there floating around and you told
me about these five companies in the US economy.
Speaker 2: So we need to talk about that in a second.
Speaker 1: Did you get a chance yet to go watch Thank You,
doctor Fauci.
Speaker 3: Uh.
Speaker 1: The more I think about that film and the conclusions
it's reached, the more I understand why no one wants
to talk about Jenner first, the director. He is an
award winning director. He's got a long history. He worked
with some of the most powerful people in Hollywood to
put this together. I didn't know that until a chat
with him. Some of the biggest names in Hollywood backed
this thing. And the conclusion they came out with is,
you want to talk rigged game. A guy Tony Fauci
for forty years is responsible, in their estimation for in
his labs, the lapsis to run is responsible for all
the pandemics during that time. That's the that's their analysis,
create the problem, charge people for the cure so much
worse than that, though. They contend that we are the
victims of Chinese spies working against us in a bioterror race,
but inconveniently, not Chinese spies, spies for the Chinese Comments
Party working against us, But inconveniently, they're American citizens with
a lot of power who are also working against the
Chinese government as double agents for us. We're in a
bio terror race with the Chinese Commonist Party, and Fauci
knew these things and hid these things. So it's an
extraordinary movie that actually takes The movie is a movie
within a movie. You're watching them make the movie, and
what's cool about that is you're watching them ract livetime
to research, and then watching Jenner go through the halls
of Congress to try to get someone.
Speaker 2: To actually look.
Speaker 1: At the evidence that Fauci is a psychopathic killer. And
it's very frustrating but very illuminating. It's called Thank you,
Doctor Fauci. You construme it right now at angel dot com.
Slash Herman. That's Angel dot com. Slash Herman. Don't just
stream the movie. Become a member of the guild and
you get to vote for more movies like this to
be made. Angel dot com slash Herman so Zach, here's
Kristen Welker, one of our favorite people. She's sitting down
with Scott best scent, and here's the exchange.
Speaker 6: Well, Christine, it's unfortunately, as much as I like you,
you like to cherry pick. So you know, when we
came in, it was eggflation, eggflation, eggflation. You know, egg
prices are down, Gasoline prices are down. Overall, the inflation
since President Trump has come in, the has come down.
We inherited this terrible affordability crisis from the Biden administration.
The first thing we had to do was get it
under control. And this month's inflation number was actually below
the consensus number. If we look at core inflation, it
was zero point two percent, which was below us it's
been in a long time. Rents are coming down, so
you know, Christy, you don't get to cherry pick. Inflation
is a composite number, and I am confident that in
the coming months inflation is going to come down.
Speaker 1: That's a pretty good answer that he pushes back on
her on. So where is he right and wrong on this?
And like just the spin that for us, because I
guess there's probably a little spin in there. It's coming
from a political spokesperson after all.
Speaker 3: Yeah.
Speaker 5: So so here's I think ironically, I think her questioning
was appropriate.
Speaker 4: My issue with her is where was that questioning when
Biden and his administration was in the office.
Speaker 5: Who right, Like, when Biden was in office, where was
that same line of question Biden?
Speaker 4: Oh yeah, I'm sorry.
Speaker 2: Oh wait, I forgot he existed for a little while, right,
Joe Biden?
Speaker 3: Yeah?
Speaker 4: Right, Well they you know what they say, man, ignorance
is bliss. Give give me that forget pill? Would you no?
But so, I mean that's the issue.
Speaker 5: The other thing is when you understand it's so funny
to sit there and like try to grill a guy
that's been at the helm for eight months about inflation.
Speaker 4: I mean like like like one hundred and thirty. I mean,
it's just stupid, right, I mean it's like, uh, I
don't know.
Speaker 5: I mean he'd be like showing up at the like
at the Roman Colisseum and looking at the security guard boy, like, boy,
you really let this place go to the dogs, you
know what I mean?
Speaker 4: Like he's like, well, I just I just started working here.
Speaker 5: Yeah, you know, it's just it's just ridiculous.
Speaker 4: And it's really hard to take it seriously.
Speaker 5: And then you listen to people listening to it and
they're like, oh, all they do is make excuses, And
I'm like, you did, couldn't even you didn't even know
the word inflation existed until Trump took office.
Speaker 4: Right, you know what I mean.
Speaker 5: Like, So, it's just this stuff gets so frustrating, and
I know you feel it too, because there are things
where there are disagreements and philosophical you know, differences and
things like that. Then there are so many of these
issues where you sit there and go, no, you know what,
here's the deal. We don't disagree. You're just ignorant, you know.
Speaker 4: What I mean.
Speaker 5: Yeah, those those are the most frustrating because you're looking
at them and you're just like, look, man, I know
you don't mean badly, but like you believe something that
is based on the horrific whole knowledge hole that you
have inside of you, right, Like I don't I don't know,
you know, I don't know how to help you. I Yeah,
it's no, it'll be great if he could approach this.
Speaker 1: I love what he said, I love the pushback, but
I would encourage Republicans to do a little bit of
socratic inquirer with people. For instance, City of Christopher, Hey,
Christen unit state's economy has existed since the founding of
the country. We went off the gold standard in the seventies.
You know, we had four years under Biden. How long
have I been in my job? How long has it been?
Chris right, and force her to say eight months? Okay,
so you're asking me to answer for the country's structural
problems in eight months.
Speaker 2: Can we admit that's a little unfair?
Speaker 4: Can we also? How about Wes start here?
Speaker 5: Why don't you start by telling me what you were
hoping we'd accomplished it this time? I like that, you know,
where is the goalpost here? Because if we recognize that
this is an issue fifty years in the making, I'm
not really understanding, like what a win look like? That's
you know, right, you know, like I don't have a
wand obviously if I did, I'd give it a go.
I'd give it a go, I'd give it the old
Harry Potter try, right, But I don't.
Speaker 4: And neither do you. So what would a win look like?
Speaker 2: That's really good?
Speaker 5: Because I mean, if inflation's the number one thing, and
if you want to see prices come down quick.
Speaker 4: We can do that.
Speaker 5: It's going to take fifteen percent unemployment, but we will
get prices down real quick.
Speaker 4: Yeah oh you don't want that.
Speaker 5: Oh okay, yeah, all right, you know, and that's that's
the whole problem with with with the with the the
the real politiic, you know, the the the not the
pollit Bureau, but the proletariat in this country. And I
don't mean the people listening to this show, but like
I said, it's the ignorance, but it's also the one
to you want to have your cake and eat it too.
Speaker 4: And you know, it's like, dude, bringing down inflation. You're like, okay,
well this will do it. And they're like no, no, no,
I don't want a stock market to.
Speaker 2: Go down, right right, So not that inflation.
Speaker 4: Yeah yeah. So they're like, well, can't you thread the needle?
Speaker 5: And you're like okay, yeah, like it's it. Yeah, it's
just tough man. At some point in this country, and
again this is the news to you or anybody that's
listening to the show.
Speaker 4: You and I've talked about it one.
Speaker 5: Hundred times, but at some point in this country, we
decided that good was no pain and I just, I
just it's an odd concept.
Speaker 2: Yeah, you know what I mean?
Speaker 4: Yeah, like where in that Where in the natural world
do you see that? Never? Nowhere?
Speaker 1: You're one of the most powerful questions you can ask
a person who's attempting to Oh, what would I say?
Propaganda's an argument with you ask them what things mean.
So someone says to you, well, you know what I look,
I just I'm in pursuit of social justice. Oh what's
that mean?
Speaker 2: And they look at you social justice? Yeah, what what
does that mean?
Speaker 4: Now? What does it mean to you?
Speaker 5: Right?
Speaker 1: And well, I just mean that, you know, things should
be fair. Let's take an example like what's fairness mean?
Fairst outcome, fairness of effort? And that can lend you
to questions. One of the great questions I love asking
people is they talk about the minimum wage. I love
to agree with them. So, okay, so the minimuage should
be thirty five dollars. Awesome, we agree, what's the minimum effort? Well,
how do you calculate that the minimum effort?
Speaker 2: What do you mean?
Speaker 1: Well, I mean there's a minimum wage. You should have
a minimum effort. What does that mean? That can't be quantified?
And yet the minimum wage can be quantified. That's a
powerful question of what these things mean. Speaking of minimum wage,
and this might be one of the five companies. I
don't know because you didn't tell me. You refuse to
tell me. I said, tell me, and he said, I'm
not telling you. Amazon whit go ahead.
Speaker 4: Well, we got a news flash for you.
Speaker 5: Okay, So now this show airs Friday, correct, right, right, Yeah,
so a little bit delayed, but we did get that
interest straight cut, just like we thought.
Speaker 4: I just I was just messing.
Speaker 5: People were wondering why I was touching my screen. I
was messaging with my analyst to get the deal. Got
a twenty five base point interest straight cut.
Speaker 4: But here's the news.
Speaker 5: The news is the FED is discontinuing quantitative tightening.
Speaker 2: That means what does that mean?
Speaker 5: So what that means is they're no longer going to
let bonds burn off.
Speaker 4: Now here's why this is funny.
Speaker 1: In two thousands, it's funny because no, I'm sorry to interrupt,
it's funny because.
Speaker 2: We're going to be a discontinuing a quantitative tightening. What
does that mean?
Speaker 4: Yeah?
Speaker 5: Okay, So quantitative easing is the act of the government
printing money and buying up government.
Speaker 2: Debt, conjuring money from thin air.
Speaker 5: Yes, in an effort to push down interest rates. Okay,
so what we had been doing. Now, So guys like
me as early as twenty thirteen, and I've been on
the radio saying this.
Speaker 4: You and I have talked about this, Yeah, and plenty
of people have.
Speaker 5: I'm not like the only one that got it right
by any stretch of the imagination.
Speaker 4: But in twenty thirteen, there was an interview or excuse me,
was it?
Speaker 5: It was either Janet Yellen or Ben Bernanke was interviewed
on sixty minutes and they said, when are you going
to undo this?
Speaker 3: Right?
Speaker 5: You've bought all these trillions of dollars of bonds, When
are you going to didn't do this and they said,
quote unquote, Oh, there's no need to worry about that.
When it becomes time, we'll unwind the balance sheet and
it will be as boring as watching paint dry quote unquote.
Speaker 4: Okay.
Speaker 5: That was when the balance sheet was like less than
two trillion. Okay, today it's a six point eight trillion.
And they just had to stop quantitative tightening, which is
the undoing of quantitative easy. So we got down to
six point eight trillion, and the FED was like, now
we can't do it anymore, can't do anymore.
Speaker 4: But it was supposed to be as easy as letting
paint dry. Now.
Speaker 5: The reason I say this is not to be arrogant,
Like I said, I wasn't the first guy I heard
say this, okay, but the reason and I think it's
important to point this out because, especially for young people,
you need to know that it's not so much important
what you know, it's how you think, how you process information.
Speaker 3: Right.
Speaker 5: We said back in twenty thirteen when that quote happened,
that zero interest rate, zero percent interest rates and quantitative
easing was an economic roach motel. And what we meant
by that is it's like the hotel California. You can
check out any time you like, but you can never leave.
Speaker 3: Right.
Speaker 5: Well, we get all the way down the six point
eight trillion on the balance sheet, and the FEDS like,
no mos nomos.
Speaker 4: So I mean, what.
Speaker 1: Does this mean for people who were up set to
retire like in the next two years.
Speaker 4: It means that inflation isn't going away, is what it means.
Speaker 1: So they flower the rights, but it's not going away
right right?
Speaker 4: And look, here's the concern.
Speaker 5: You've got the stock market right now blasting off to
new highs in the last two days on virtually no news.
Nvidia has tacked on another five hundred billion dollars of
market cap on effectively nothing. I think that you could
be looking at the beginning of a hyperbolic blowoff top,
or you could be looking at a severe equity correction
here in the short term. Those are really wide outcomes.
But I'm just telling you, all I know is I'm
looking at the whole market system right now. Yeah, and
it's shape, it's shaky, yeah, but I'm sure it's go
all in on in Vidia.
Speaker 4: Yeah. So I would take I would take the other
side of that.
Speaker 5: I would just I would just telling people you've got
apples multiple accelerating toward forty five.
Speaker 4: I mean, it's just absolutely insanity.
Speaker 5: So my for people at home, I would just say, hey,
as long as this stuff keeps going up, so not
not liquidate, take profits. This is fifteen years into the
biggest bull run in the history of the United States.
Our valuations are getting absurd, and if we blast off
from here, it's going to be the end.
Speaker 4: Like, just if we blast off from here, it will
be the beginning of the end, and I think you
can take that to the bank. So just sell into it, right,
just take profits.
Speaker 1: There's a new investment guide I'm looking at. It's the
Wasserman Lee Warner Guide to Investing, and.
Speaker 2: This one's big.
Speaker 1: I'll share this with you in a second, Zach. And
because man, they're performing overperforming. Yeah, I'll share this with
you in a second. You probably have plans for retirements.
You probably have an image of things you want to do,
and if you're really good planners, maybe you've got that
all laid out. But in the behind the scenes, do
you know how much of your retirement AI is eaten?
Speaker 2: I mean, do you know?
Speaker 1: Do you know if you're exposed to certain industries and
industry groups that are being consumed by AI, or are
you super overexposed on things that are way, way way
above value. For instance, if you had any ETF involved
in building your retirement portfolio, and you are like the
average person, forty percent of what you think is your
wealth is tied up in seven companies, six of whom
are way overvalued by any mathematical rating at all, any
mathematical rating at all. So let me make a suggestion
for you get with my friend Zach Abraham, chief investment
officer at Bulwark Capital Management, and Zach.
Speaker 2: Will look through your portfolio.
Speaker 1: He'll look through all of your accounts, liabilities, assets, and
those dreams, and he'll tell you if you are over
exposed to risk because risk management is Zach's jazz. He
loves that it is his gig, and they actively manage
every single portfolio which can reduce risk and volatility. All
of this is no obligation, and it ends if you
choose to proceed. You might have that first conversation with
Zach and go.
Speaker 2: This guy noys me. I don't want to work with
him fair enough, no obligation, but.
Speaker 1: If you do decide you want to work together, Zach
will show you if he thinks you should move, because
if it doesn't think your move you should move, he'll
tell you stay put.
Speaker 2: All of it's free, no obligation, easy to register for.
Speaker 1: Just go to Know Your Risk podcast dot com Know
Your Risk Podcast dot com Investment advisor services off their
Trek Financial lcn SC Rich Investment Advisor investments involved risk
and are not guaranteed past performances and guarantee future results.
Truck twenty five desh three three eight, So Zach, this
is where.
Speaker 2: I'm getting my financial advice.
Speaker 1: It's from a firm called Schultz, Lee and Warner. In
other words, Debbie Wasserman Schultz, Susie Lee, the representative and
Senator Mark Warner.
Speaker 7: Back in November, we noticed Representative Wi Wasserman Schultz buying
stock in a company called Viasat Anywhere. Caught an eye
because it was the first time we'd seen her by
the stockers, the first time we've seen any member by
the stock Okay, so Wie Wasserman Schultz sits on the
Appropriations Committee and the Subcommittee on Military Construction.
Speaker 4: That's not a good looks.
Speaker 7: Right after that, and then in December it was announced
that Bias that would be awarded part of like a
four million dollar NASA contract, and the Doctor DROs looks
like they've got another big contract also with the Department
of Defense. Right after the nasty contract. A couple of
years ago, we saw a Representative Susie Lee by stock
in a company called nine Metal Ryal, which is a
German defense contractor, which I mean that that rang online
boss best because it's like it was a stock we
had seen any members tra to be poor and obviously
very tight ended US defense policy.
Speaker 5: It's that they're doing a lot of work with the
Army LA modernization and that there's big money in that.
Speaker 7: Susie Lee sat on a committee on Military constructure and
since then the stocks isn't like I think two hundred
and fifty percent. Last year we saw Senator Mark wren
mullen by stock in a company called Badger Meter, which
really caught our attention because Badger Meter makes automated water
meters and Senator Mark Whre Mullins's on the Senate Committee
on Environment and Public Works, and we learned that the
EPA had recently passed in the mandate basically encouraging cities
to switch to automated water meters to hear. Following the trade,
Vedgero Meter stock rose around forty percent before Senator was
going Moder's.
Speaker 1: Position, they're killing at Zach. They're really good investing. I
mean it's got to be the algorithm something, you know.
How does that fail to know you'd be in prison.
Speaker 5: That's why I was shaking my head the all time
is it's it's just out and out theft and fraud
and corruption and they're just looting the bird and they're
doing it in playing daylight.
Speaker 4: Everybody talks about the pitchforks. The pitchforks should be out already.
I mean, this is just criminal.
Speaker 5: If I was sitting next to them, okay, and acted
on the information they gave me, I would go to jail.
Speaker 4: And they're the public servant.
Speaker 5: I'm the money manager that's supposed to be the greedy
capitalist that's out for myself. Meaning when I walk into
the room, nobody thinks I'm there for their best interest
EXCEP my clients, right right, She's the public servant. Yet
if she tells me and we do the exact same
thing at the same.
Speaker 4: Time, he's good by it, and I'm not. I'm going
to jale.
Speaker 1: Everybody needs you got everybody needs to understand the severity
what Zach saying.
Speaker 2: So let me let this scenario and you tell me
if I'm wrong.
Speaker 1: Let's say that I am in the Congressional UH cafeteria,
and let's say that Mark Warner is down there, he's
having his breakfast cereal, meet with the staff whatever, and
he leaves on his desk a memo saying, hey, this
legislation is good.
Speaker 2: UH, this mandate's going in place.
Speaker 1: Water meters are going to be these these smart meters
are going to be required.
Speaker 2: And right next to that is a by order for
this company.
Speaker 1: If I glanced at that one, huh.
Speaker 2: And went and bought and they found out I did that,
I would go to prison. Mark Warner would not. Yes,
that's and.
Speaker 4: If you if you were, if if you knew that
it was inside information.
Speaker 2: That's so I know, I know.
Speaker 5: And and and those rules apply to you whether you're
whether you're in the industry or not. And and there
have been horrific miscarriages of justice using that legislation, you know.
Speaker 4: Like there was like the Martha Stewart like that was
a joke. She met like there was a joke, and
she went to jail. I mean she went it was
kind of prison, but yeah, but it was prison.
Speaker 5: And and these people are just and and they're so.
Speaker 4: Full of it. Man, you know, we can't get the votes.
Isn't that weird? How they We've got these.
Speaker 5: Things like the carried in for sloop hole that we've
talked about govern Congress's ability to to trade stocks, even
the ones that pertain to inside information.
Speaker 4: Right, we we.
Speaker 5: Know these things, and yet we still keep voting these
people in it's just it's unconscionable.
Speaker 2: Yeah.
Speaker 5: And and then you know, especially with our friends on
the left, they're looking at us, going that corruption at
Trump and I and you're looking.
Speaker 4: At them going just Lee's look, just look at your side. No,
it's you.
Speaker 5: And you're like, okay, all right, man, they're not just
stealing from me. They're not just stealing from me. They're
stealing from you too.
Speaker 2: You it's amazing, shall not steal?
Speaker 4: Yeah yeah.
Speaker 2: And that's that.
Speaker 4: And the.
Speaker 1: Accounting happens. Here's a crazy thing about God is he
doesn't need accountants.
Speaker 2: All the math is in his head. All the maths
in his head.
Speaker 4: But here's the other thing I don't understand.
Speaker 5: I don't understand why Trump won't step up there and
just say, hey, here's a bill we're putting out Congressional
members can no longer can no longer trade stocks.
Speaker 1: I think I know, because he's not going to get
support from his side. He's gonna get embarrassed and Republicans
aren't gonna back it, and they're.
Speaker 4: Gonna park it.
Speaker 1: So he could use the Bulletpolple done that. But Trump
is like he's got his focus and sometimes it's not
our focus. I think immigration. He's sincere in that. I
think sincerely wants peace. I'm really worried about Gaza because
there's a lot of talk that they really have a
fifty billion dollar plan to build a resort in Gaza,
and that Trump's son in law is in on this.
If Jacob Kirshner, if he builds a resort in Gaza,
this could be one of the biggest, most unconscionable, immoral
acts in the history of the world.
Speaker 4: I thought that was a joke.
Speaker 2: Yeah, so did I.
Speaker 1: And then I heard Kirshner talking about a fifty billion
dollar plan in sixty minutes, and I don't want it
to be true, but we need to be able to
question these things. I want to get into these big
companies and this this thing he told us before the show,
because this I don't know why this strikes fear in me.
God tells us to not have hearts of fear, but
you know, sort of just God said, know that I'm
the Lord, Like be still and know that I'm the Lord.
So I want to get into this in a second,
and by that, I want to talk about these corporate
jobs at Amazon says they can cut We'll do this
with Zach Ebro.
Speaker 2: I'm in a second.
Speaker 1: I want to just tell you something real quickly about
our friends at renew Healthcare.
Speaker 2: This is who they are.
Speaker 1: I got a note from a friend of mine and
she was in my war room. She still does the
warm room, and she's a good committed Christian lady. She's
not a port of Arta with some friends, and she
gets sick. Now, this isn't anything to do with stem
cells stars. I know she's kind of really concerned. She's
in Mexico, she has like, doesn't really speak the language
down there with family, and she texted me and said,
I'm really scared. Would it be possible at all for
me to talk to your doctors down here? And again,
this is nothing to with stem cells. I texted Steve.
You met Steve Zach when we were down there with
dinner with Steve. He's the managing partner. I texted him
and said, hey, man, I'm sorry to bother you. Would
you do a favorite for a friend of mine. She's
feeling really sick, and she's afraid, and she's in Mexico.
Could she possibly talk to one of your doctors just
to get some guidance? Not two minutes later, Steve writes back,
absolutely give him my number. I mean, this is a
guy running a really advanced health clinic and he's just
gonna do this because this is who he is. So
when we talk about the stem cells, when we talk
about testing your heart to see if you're likely to
have a heart attack, the fact that they've saved the
lives of three podcast family members who went down there
for stem cells. One of them was the wife. She
wasn't even there for stem cells, her husband was. She
was just really tired and they said, please get this check.
Turned out she was fixed and have heart attack. Same
thing happened with the gentleman who was down there, same
exact thing. Both of them had to have.
Speaker 2: Surgery that day. Their lives were saved. And they're doing
this for my friend and I won't say your name.
That's who they are.
Speaker 1: So you've heard us talk about this, this is how
a But you can trust them. If you've put this off,
stop putting it off. Go to renew U E dot Healthcare.
That's renew r E and U E dot health Care.
And I'm planning to be down there December twelfth to
the seventeenth. I hope you joined me for that renewed
dot healthcare. So Amazon is targeting it says, and this
has been Reuter's others, And I think they're one of
the five companies you might be saying is bigger than
the US economy.
Speaker 2: They are going to be getting rid.
Speaker 1: Of thirty thousand corporate jobs, and they're saying this is AI.
These are not the jobs that are used to being cut.
These are not people in prime it's not people packing boxes.
Not that that's a bad job. All work is honorable,
but you're talking about some pretty upity up people here.
This AI is going to cut. I don't think these
guys thought was going to cut them. I think they
thought this was another person's problem.
Speaker 5: The interesting thing when you get into AI, and I
think that the tech industry and I think that the
rest of the financial world is really forgetting about a
flip side of this whole thing. AI is going to
effectively completely undo their business models. And what I mean
by that is AI is going to be the beginning.
So AI is going to take the same race that
was defined by Moore's law right the doubling of compute YEP,
it's going to apply that to every tech company yep,
which means that the structure of their businesses have to change.
When you look at the tech companies, and Amazon and
Microsoft would be a perfect example, they have businesses that
I like to refer to as like turnstiles, meaning the
majority of the work and the cost are realized upfront,
and then the amount of people then required to maintain
it and make it run are very minimal.
Speaker 3: Right.
Speaker 4: But even though you do.
Speaker 5: Not have to keep putting that kind of capital up,
but the profits increase, right, So literally as you're amortizing
the cost the lower and lower over the year, the
profits from that same entity, that turnstile that you built
are increasing, right, just just through you know, inertia effectively. Yeah,
and when you look at all those tech businesses, and
if you look at SaaS as an example, software in
the service, that's the business model.
Speaker 4: Okay, you flip over to AI.
Speaker 5: AI is going to be it is going to make
the whole tech industry subject to Moore's law. But whatever
they refer to the AI version of right right, because
new AI, they're going to be popping up constantly that
are going to be endangering ecosystems, endangering investments that already happened.
And the other thing is when you think about the
sheer size of the amount of investment that's going into this,
I think AI is going to.
Speaker 4: Be a really big deal.
Speaker 5: But when you look at this is the part of
it that I think everybody forgets about. The profits in
the revenues are going to be big, but that isn't enough.
They need to be big as a percentage of the investment, right, yep,
Like the profits from these investments need to exceed the.
Speaker 4: Investments, Okay.
Speaker 5: And so when you look at the trillions that's going in,
it's the biggest capex cycle in the history of human beings.
Right When you look at the level of capital that's
going in, it's I'm not a pessimist.
Speaker 4: I'm just saying you're looking at the world and going man.
Speaker 5: Productivity either needs to go through the roof or GDP
needs to miraculously increase by fifty percent over the next
five to seven years, or I don't see how in
the world you're ever gonna make a meaningful amount of
return on this investment in such a relatively short time,
Meaning you can come up with the greatest product in
the world, and if enough people can't buy it. It
doesn't really matter, you know what I'm saying. And so
the more you and best, the higher that hurdle becomes.
Like you know you, for instance, you could create the
most unbelievable technology that does the most unbelievable stuff in
the world, but if it takes you an amount of
money that you won't be able to generate a positive
return on that technology in the first ten to fifteen years.
It doesn't matter, right, Like, it doesn't matter, yeap. So
I look, I think a lot of people are looking
at this wrong. I think that AI is going to
wreck more tech companies than it helps. Now, the ones
that get it right are going to be in the
cab bird seat, but a lot of them are going
to get it wrong.
Speaker 2: But we're going to have companies.
Speaker 1: I envisioned a company with a boardroom and AI, like Amazon,
becomes a company of what five hundred people?
Speaker 2: I mean, I know they're going to need delivery drivers for.
Speaker 4: A while, for a while, not very long.
Speaker 1: I just saw the first and I'm gonna try to
figure out how to put this on the show. I
watched the first full length dad for the first robot
in your home.
Speaker 2: Have you seen this?
Speaker 4: Yeah, I've seen some of them. Yeah, I've seen some.
Speaker 2: So the ship it's your house.
Speaker 1: It comes in a creepy invasion of the body Snatcher's egg,
and the egg opens and it stands up and says hello,
and I forget his name, its name, and it introduces
itself and you're supposed to tell it your name, and
I'm here to make life easier for you. And it
follows you into your house, and I guess you kind
of show it around, and it has ais, of course,
to show itself around. So it's emptying your garbage. Then
it's emptying your dishwasher.
Speaker 4: Does you have kids?
Speaker 1: Well, that's what I was saying, right right, that's why
we have kids empty dishwashers.
Speaker 4: Hey.
Speaker 5: The flip side is maybe this will stop the people
not having kids trend right, because they can't afford a robot, like, Hey,
who's gonna take your garbage out?
Speaker 4: Who's going to mow your lawn?
Speaker 5: Yeah?
Speaker 3: Right?
Speaker 4: Kids?
Speaker 2: Right right?
Speaker 5: Yeah?
Speaker 2: If we could just got.
Speaker 5: Mine, speaking of which, I got him out there clipping
my no, no, little lap.
Speaker 4: Yeah, they're out there.
Speaker 1: We don't don't do school, We do work, right, because
work is learning. But I'm looking at this and who
are we when we have a rope?
Speaker 2: There's a scene in this this ad.
Speaker 1: This guy's on his couch and he calls the robot,
we take this to the counter.
Speaker 2: For me, it's his water cup. Who are we that
we need to sit.
Speaker 1: On a couch and not take our own water cup in?
And he's got his girlfriend coming to the house. Go
to the door and let who are we when you
don't get off the couch to welcome a guest to
your home?
Speaker 4: Did you ever see Idiocracy?
Speaker 2: No?
Speaker 5: Okay, so in Idiocracy they actually hooked up toilets and
and and beverage Dispenser's two lazy boys, so you never
had to get up.
Speaker 4: No, No, it's crazy. Yeah, that movie.
Speaker 5: I remember that movie came out. It's funny, it's kind
of foul. I'm not recommending it for family viewing at all.
But it's this it's this horror escape of the future.
I thought it was a comedy. It's starting to feel
like an episode of The Simpsons, where it's like prophetic
and it's it's everybody wears shoes without shoe strings.
Speaker 4: Because nobody knows how to tie shoes. You know, you're
watching people crops making a comeback. It just freaks me out.
It freaks me out.
Speaker 1: Yeah, okay, well you need to get into the companies
that are pushing some of this stuff, because it told
me that these five of these companies that are valued
bigger than something that's really really important.
Speaker 2: So we'll pay that offer in just a second.
Speaker 1: You know, people would look sometimes at in the followers
of Christ and even look at people who were disabled,
and they would say, Lord, you know, Rabbi, who's sin
this this this person or their parents that they're in
this condition. And Jesus taught that look, wait, wait, wait,
neither of their parents sinned. This is done for the
glory of God and the testing of mercy, for the
opportunity for you to extend mercy and kindness for the
poor disabled and paraphrase, and will always be here with us.
So we have a decision as a society how to
do this. And on a very personal basis, my friend John,
who runs Alan Soaps for his kids for the time being,
because John is going to the eternal reward of Christ
sometime next year spring probably summer, John will breathe his last.
He's passing on the company to his wife, teaching her
and I run it. Alan Soaps proves that there are
people who are disabled like Allan who is effectively nonverbal.
His brother Ian impacted by autism as well. Differently Alan
effectively Well, he's been through eighteen operations.
Speaker 4: He's fourteen.
Speaker 1: So now the soap company is not about sympathy. It's
not a charity. It's a company found that on selling
you the best soap in the world, made in the
Midwest by a family of three jeders of soap making expertise,
made with fragrances. You can only get there with the
purpose of selling you the best soap in the world.
So they can employ their sons. That's the point, and
not just their sons. Before this terrible news about John,
we were employing other people. So we have a decision
to make support this soap company or soap companies that
are just made with chemicals and exploitation. Go to Alan
Soaps dot com slash todd. You get ten percent off
all of their products. There, it's Allensaps dot com slash todd.
You told me there are five companies in the United
States whose value exceed what.
Speaker 5: Yeah so as of today because it in Vidia's miraculous
five hundred billion dollar market capitalization appreciation Here in the
last forty eight hours, when you look at when you
look at Nvidia, Apple, Microsoft, Wait, in Vidia, Apple, Microsoft, Google,
and Amazon, you're looking at just I think it's like
nineteen and a half and change, just right around twenty
trillion dollars.
Speaker 4: Hey, the US economy is twenty nine trillion.
Speaker 5: Five companies are now worth over sixty almost seventy percent
the size of the entire US economy. So people say,
what does that mean? Truthfully, it means less than it
would have in past years because those companies we all
know have become much more international, So their value in
comparison to the size of the US economy isn't as
alarming as it would have been in yesteryear.
Speaker 4: Here's what should be alarming.
Speaker 5: When you have corporations like in Nvidia that in and
of itself are worth fifteen percent the size of our economy. Okay,
to think that they will not wield outsized power and
influence is lunacy, right, And I would tell you that
when you have corporation domiciled in a country our size,
I don't think it's I don't. I think it's almost
impossible that those companies do not have illegal and immoral
and outsized and undue influence. And if you want to
know why I say that, what did the last presidential
election cost in total?
Speaker 4: I think it was right around three billion dollars? Yeah, right.
Speaker 1: They can purchase this with interested earn on a payroll
account for one division over a weekend.
Speaker 4: Yeah.
Speaker 5: So when you look at the level of money that
is involved to run this country, and you look at
how expensive it is to get elected now, and you
look at all these factors, and then you look at
so much concentration of wealth and power in so few hands.
Speaker 4: Guys, it's top heavy.
Speaker 5: It's it's the same dangers of having you know, nobody
would sit there and look, hey we're going to design
a skyscraper, but I want the top floor to be like.
Speaker 4: Ten times as heavy as the others. Right, Nobody would
do that.
Speaker 3: Yet.
Speaker 5: That's what That's how our economy is currently structured. It's
not good for working people. Todd, just Tod just you know,
you just illuminate one of the biggest reasons why Amazon
cutting caught are cutting people, right, Look that happens. They're
gonna add people, they're gonna lose people. But bottom line
is the less competitors. Think how many do you think?
How many little niches and sectors of the economy that
Amazon has nuked?
Speaker 4: Right, and look for competition and good read like I
get all that. I'm not saying. I'm just saying as
a statement.
Speaker 5: Oh geez, sorry, I'm getting my camera flew off my
perch here. But just as a statement of fact, it's
driven a lot of small operators and family businesses out
of business. And so when you concentrate all that control
in one place and that company decides it's gonna pivot
and doesn't need as many workers, you get drastic amounts
of people laid off in a really quick hurry. And
remember the other reason that you can't have monopolies of
that size is now you have entities that together rival
the entire financial might of the US government, and so
you have no effective way of pushing back, right, Like
what what you can't compete against something? No?
Speaker 1: No, just think about it this way, think about it,
and like, I'm not I'm not asking for more regulation.
I mean, I do think we need to look really
hard at me at at at laws and regards to monopolies.
Speaker 2: I really do, particularly.
Speaker 1: Google and the ads and searches and all those things
tied together. But let's stick Pfizer just as one example.
It's not one you're a big five, but it's it's
a good comparison. Pfiser gets hit with the biggest criminal
and civilifying in history and goes, eh, that sucks all right. Next,
so let's sabregulatory body comes along to Amazon says, you
know what, you broke some major laws in shipping some stuff,
et cetera. And there were things that there were illegal
things and and people died, and you know, we're going
to find you ten billion dollars. Amazon was like, uh,
probably going to write that off. Yeah, oh, I don't know.
Let's take this out of petty cash. There's we're going
to find you one hundred billion dollars. That's going to
sting a little bit. Might need to sell some sock,
might need to sell some of our own stock. Like
there's nothing you could do.
Speaker 4: No, there's just too Yeah, they're just too big.
Speaker 5: And and you know, as a capitalist and as a
free market guy, I hate saying this, but I don't
understand how you can sit there and act as though
size in and of itself isn't a problem, And especially
in a in a in a.
Speaker 4: Republic like ours, right, it's it's.
Speaker 3: You.
Speaker 4: You cannot have you cannot.
Speaker 5: Have a properly functioning economy with that much wealth and
that much concentration of power at the top.
Speaker 4: You just can't do it. And our whole system wasn't
designed to work that way. It just wasn't. It was
designed to spread the power out. And by doing this
it The.
Speaker 5: Other thing is that you're also allowing, I mean, truthfully,
what you're allowing that unholy union between big business and
government is, and you should everybody should have recognized it
in the Twitter files, is that, of course there's going
to be collusion for reasons that we've already mentioned. And
because there's that collusion allows the government opportunities and avenues
behind the scenes to do things that are untoward that
they otherwise wouldn't be able to do out in public.
Speaker 1: Right, censorship is illegal, even if they deputize people to
do it. But who's going to pay the cost? Because
I can see the big business going, oh, it's not
going to.
Speaker 5: Be us, right, well, and they're right right, they're right,
because all they have to say is you need to
put that.
Speaker 4: Email in a more coercive tone.
Speaker 5: So if this ever blows up, we're like, hey, when
the White House tells you to do something, you got
to do it right.
Speaker 4: So they'll be able to wash their hands in it.
They'll be good. Yeah, well nasty.
Speaker 2: We always have to do. This is to.
Speaker 1: Let's go back and ground ourselves in God His words.
We are not citizens of this world. We are visitors.
Our ultimate home is Jesus Christ in the New Heaven
and the New Earth. We are sojourners. God has already
judged all of this. Great thing is zach, You and
I can use a discernment. We can judge people and
organizations by their fruits. And then what God can say is, hey,
great show, guys, super fascinating.
Speaker 2: Glad you illiminated that.
Speaker 1: Now about the logs stick it out of your head, herman,
and the logs.
Speaker 2: Stick it out of your eyes.
Speaker 1: How about you go clean those up, come back to me,
and then talk more about Jeff Bezos and.
Speaker 2: His companies, et cetera.
Speaker 1: We can rely on that, and that's God will judge,
already has judged, and he knows motives, et cetera. So
let's give glory to God in that. In that sense,
I always appreciate the wise counsel my brother, and we
got to break news today. Even though it's a couple
of days later.
Speaker 2: It happened on our recording. We should get credit for that.
Speaker 1: In fact, we might cut that peace out and make
it a YouTube clip for the people on the tubes.
Speaker 2: God bless you. Appreciate you, Zach. This is the Todd
Herman Shaw.
Speaker 1: Please go, be well, be strong, be kind, and please
make every effort to walk in the light of Christ.