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Speaker 1: If you want an economic future for your kids and grandkids,

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We're going to have to do some things that for

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conservatives might feel icky or wrong. Talk about this with

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the help of Zach Abraham, chief investment Officer of Bulwark

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Capital Management, and we'll do this with the help of

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God Almighty.

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

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technocrats in tyrans everywhere from the high mountains of Free America.

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Here's the Emerald City exile Todd Herman.

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Speaker 1: Today is the day the Lord has made and these

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at the time Super Scott has decided we shall live.

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Joining me is my friend and brother, Zach Abraham, chief

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investment Officer Bulwark Capital Management. Then let me start with this, Zach,

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let me check out with you emotionally. I know the

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Mariners lost, so let me start with do you need

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a hug, some more anti depressants? Is there anything I

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can do? More bone Frog coffee? Are you making it through?

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Speaker 3: Yeah? Well yeah, we're surviving. We're surviving.

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Speaker 2: Man.

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Speaker 3: I'm not a I'm not a I'm not a huge

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baseball guy. I never played it growing up.

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Speaker 4: But that being said, there are a lot of aspects

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about this team that were really compelling and one of

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the one of the compelling parts about it that really

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caught my ears how many of the guys were Christians,

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and how big a part of the bigger part of

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the clubhouse that was, how many of the guys had

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pretty outspoken political.

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Speaker 3: Views that I liked. Just seemed like a lot of good.

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Speaker 4: Dudes that really loved each other and uh and battled.

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And you know, as an ex athlete, I I love

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the I love competition in sports, but I also have

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such a great appreciation for like what my college coach

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used to say, the third side of the coin, right,

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which is, you know, he had this analogy heads tails, win, lose.

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Speaker 3: But there's also this third side of the coin that

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is edge.

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Speaker 4: Right, So like in trading we talk about your edge

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being your advantage, and that when you when you have

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a group of people that really love and respect each other,

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that's like the third side of the coin.

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Speaker 3: It it makes the it makes the whole greater than

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the parts, right.

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Speaker 4: And whenever I see a team doing that at any level,

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it's just compelling to me because you see this sort

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of undercurrent, this this this effectiveness that seems to outweigh

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each of their individual abilities. But together that synergy creates

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that and they they very much had that going, especially

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later in the season, and it was compelling. And but

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you know, you lived here long enough, the one thing

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you know is that no matter how good it looks

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or how exciting it might be, the history of the

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franchise is pretty is pretty consistent. Right, keep an eye

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out over one shoulder and wait to get bushwhacked, because

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that's usually what happens.

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Speaker 3: Yeah, unfortunately ended that way, but it was a fun run.

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Speaker 1: Well, now I get to I see, I'm not a

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big baseball fan either, And you know, the marriage did

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some cool things.

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Speaker 5: Great Armed Forces Knights.

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Speaker 1: They used to have there, and I got to participate

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in two of those and watch World War two vets

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deliver the game.

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Speaker 2: Ball.

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Speaker 1: Dude, You've never seen anything cooler than a guy who

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flew b seventeens sitting there in the tunnel and there's

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players coming by Zach and checking in on him, sir.

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They're calling him, sir. So cool to meet you. And

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and and our fact, in fact, one of our friends,

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the guy who does the web stuff for us, Dave

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Barkurst at Greenhaven Interactive dot com. By the way, if

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you need help, with Google SEO all that stuff.

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Speaker 5: Greenhaven Interactive dot com.

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Speaker 1: Dave is awesome at that and he's a Christian and

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a Conservative. I get to meet his pop and he

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was a Vet. And you haven't seen anything cooler than

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when you take those guys out into the field.

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Speaker 5: And this role in this gentleman out.

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Speaker 1: He lost more guys in his B seventeen through freezing

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to death than he did seeing them shot and killed

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freezing to death in those things.

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Speaker 5: He told me a stories act.

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Speaker 1: Of flying over France and they couldn't land, they couldn't

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drop their bombs. They're disc close to losing fuel of

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having to fly back, they might have to crash land.

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And one of his fellow pilots got both engines shot out,

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and he made eye contact with the guy before he

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went down. Like he turned to his left and made

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eye contact with a fellow pilot whose plane is going down.

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Speaker 5: And this is the guy getting rid of guilious game ball.

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Speaker 1: We were in the tunnel and the guy with the

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mariners who organized that night, he led the armed forces night.

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Speaker 3: He walked up.

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Speaker 1: He saw this guy had his medals on and his

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hat and he said, sir, what an honor to meet you.

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And this gentleman said, did you serve He goes, yes,

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but only in Vietnam.

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Speaker 5: Only in Vietnam.

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Speaker 1: Yeah, that different breed man, totally different breed, and that

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World War two Vett struggled to stand up and stood

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up and saluted him. Since warlike any other. So I

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wheel this man out to the dugouts and the players

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make a tunnel for this dude. And if you've never

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stood on the field next to some and the professional

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baseball players, they are so jacked and big, and you

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don't think that because they're baseball.

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Speaker 3: Guys, right right.

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Speaker 1: Yeah, And we roll him out to the field and

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his son says, okay, and I give him the game ball,

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and they're they're running pictures of him and his bio

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on there and they were supposed to run my name,

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and now k t TH radio said, no way, no way,

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not with this guy. He's the focus and he's going

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to deliver the game ball. And he stands up to

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walk and a son's like, dadd he goes, I am walking, wow,

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And you see the players watch this dude, this old man.

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Speaker 5: He goes that he delivers the game ball, the place explode.

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Speaker 1: It comes back and sits in his chair and he

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died shortly after Ah and but Zach on his deathbed

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he said to his son, they remember us. Yeah, I

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can die now. It's okay. Even and he said, even

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in Seattle they remember so sorry, that's my baseball story.

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Speaker 3: No, that's cool, that's more. That's certainly a better story

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in the game.

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Speaker 4: You know, hey, they could be back, but now no, no,

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I mean just the game of baseball, like my story,

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like dad just transcends sports.

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Speaker 5: Well, I'm voting for the Blue Jays. Wont to know why?

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Speaker 3: Well, I mean they're not from LA.

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Speaker 1: Well, and they didn't honor the Sisters of Perpetual Indulgence,

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which is a satanic sexual left group. They didn't just

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give Leah Thomas, the fake female swimmer, a courage award,

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so to me, And maybe the Blue Jays are horrible,

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but I'm voting for them because they're not the Dodgers.

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Speaker 3: Yeah, no, yep, yep, yeah, I would. I would have

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to agree with you.

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Speaker 4: Like I said, it's if you're betting against anything coming

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out of LA Yeah, you're ninety percent of time you're

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gonna be on the right side of it.

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Speaker 5: Is solid. Absolutely, Yeah.

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Speaker 1: Did you know in Mexico that they do not push

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you to surgery first. Think about this in the States.

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Let's see, let's try some physical therapy with that ailment. Oh,

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that didn't work. Let's get you cut open, and that

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violates the Hipocratic oath, which is to first do no harm.

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Cutting you does harm. Cutting into your muscle fibers does harm.

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Cutting into your bone, your cards, that all does harm.

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So what's the least invasive thing you can do? Did

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you know that New Mexico they take the next step

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of looking at things like stem cells. That's why renew

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thrives down there. Secondly, because renew is allowed to use

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donor stem cells, meaning they get to pick and choose

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whose stem cells they use from umbilical cords the Wharton's

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jelly portion of that, they get to reject some. I'm sorry,

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this person's been a drug addict. I'm sorry, this person

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has had these diseases. This person had cancer. We're sorry

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about that. This baby does not appear to be healthy.

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God help the baby, but we can't take the stem cells.

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Don't get to do that in the States, do just

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the stem cells or stem cells In Mexico. When Renewed

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gets these stem cells, They take them down to a

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world class lab, they analyze them. If there's any problems

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they see, they just reject them. That's how they reject

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eighty to ninety percent of the cells. So what they

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put in your body to solve things like erectile dysfunction

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by bringing that part of the body back to life,

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or male or even female pattern baldness by bringing.

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Speaker 5: The follicles back to life effectively.

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Speaker 1: Or getting people back the use of their hands or

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their feet carpal tunnel, you know, or keeping you out

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of surgery, knee.

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Speaker 5: Surgery, back surgery, et cetera.

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Speaker 1: That's why it's so potent if you have any of

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these ailments or even things like traumatic brain injuries. Stop

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just go to the website renew r E n UE

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dot Healthcare. It's not dot com, it's renew dot Healthcare.

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Are E and u E dot Healthcare. Tell me are

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part of the Todd Herman Show family, and they will

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tell you if they can help you or not.

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Speaker 5: So there's an act.

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Speaker 1: I want to talk with you about, Zach, and we'll

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do that.

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Speaker 2: Just do it.

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Speaker 5: We'll do this right here.

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Speaker 1: So there's the invest America Act. I found this really

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interesting because of the responses to it. This is a

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video explaining it, and I'm so curious what you think

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about it is you've changed the way potentially the country

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is going to deal with financial literacy and also having

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a stake in the markets.

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Speaker 5: Which is that this bill finally passed and you come

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on the show. I'm trying to think when you.

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Speaker 1: First two and half away with the idea and here

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we are yes, So they.

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Speaker 6: Invest America Act. You know, it's really there's a battle

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for the soul of America, I think going on. We

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see it in New York with the election fight over Mandami.

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You know this this drift. There are sixty percent of

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people who say, hey, I'm left out of capitalism. This

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isn't benefiting me right, And we have that problem. We

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have this massive wealth gap that has grown. So we

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have to get everybody into the game of capitalism. The

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President ran on a main street agenda. The main street

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agenda was my people in Indiana, how do we get

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everybody else into the game of capitalism. So he and

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the leadership in the House and the Senate helped get

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this included in the big bill. Invest America Act is

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now the law of the land, starting in twenty twenty six,

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every child born forever more in America. We'll start off

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with a prosperity account one thousand dollars private, four oh

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one k at birth their family owns, they own in

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the s and P five hundred that everybody can add

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money to mom and dad, grandparents birthdays. Bar Mitzvah's right.

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Companies are going to match. The list of companies we're

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going to announce in early December is going to blow

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your socks off.

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Speaker 5: So a lot of this sounds super super cool.

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Speaker 1: And then there's some nuance of this act that's really

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interesting to me because people are saying this is a

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fix against socialism, but it's the government doing the investing

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for you. And tell me that this doesn't metastasize into

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something like social securities become. I mean, I don't know,

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there's a lot to talk talk about here.

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Speaker 3: You know, I'm I'm really torn on this topic too.

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Speaker 4: And the reason I'm torn on it so to be fair,

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so you know, you know, in support of the idea

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of this concept, I would have been torn on this

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topic in much of the same way that I would

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have been torn about a lot of the government spending

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projects in the thirties, we're on the face of it,

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And let me explain what I mean.

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Speaker 3: My initial reaction.

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Speaker 4: To things like that, especially when I was younger, would

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be like, this isn't capitalism.

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Speaker 3: What are we doing right?

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Speaker 4: When you look at a lot, when you look at

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many of those programs, I don't know what the percentage was,

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but many of those programs ended up being incredibly successful

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investments in America that paid dividends for decades and still

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do you The Hoover Dam I've mentioned before being one

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of them. And so there are times that in defense

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of capitalism or in defense of liberty, you have to

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do things that seem to be counter to that. I

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think of Abraham Lincoln, you know, rescinding Habeas corpus during

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the Civil War. I think it's some of the things

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that Teddy Roosevelt did at the turn of the century

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that had Republicans up in arms. I already mentioned some

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of the stuff that was done in the thirties.

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Speaker 1: And.

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Speaker 4: I think when you look at where we're at is

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a country, and you look at the state of social security,

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I think that looking at from that frame, I do

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not think that this is a bad policy. Okay, something

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is clearly going to have to be done with Social Security.

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And when you see, when you do the math on it,

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which which we have done in great detail, what you see.

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Speaker 3: Is had, for instance, over the light.

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Speaker 4: Now I'm not saying somebody has or I'm not saying

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that that this will work the exact same way. But

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if people could see what would have happened if every

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dollar they paid into Social Security would have gone into

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an account that held the S and P five hundred, yep,

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their Social Security payments would be ten to twelve times

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what they are yep. Right, And I've listened to people

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sit there and say, oh, but the market can crash,

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not over a sixty year career. It can't, Okay, not

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even Japan. Japan had broken out to new highs and

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they had the worst, you know, for developed markets, they

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had the longest sideways action. I mean their market went

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negative and stayed negative for thirty two years.

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Speaker 3: Okay, so they didn't make new eyes for thirty two years.

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Speaker 4: Even in that scenario, had they been putting money in

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the Japanese stock market, because remember, people forget about this.

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If the market crashes drop seventy percent next month, what

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you're putting into it you're paying seventy percent less to

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go into.

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Speaker 2: Right.

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Speaker 4: So even when that market gets back to two thirds

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of where it was, if you kept plugging money in,

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your money's grown, right.

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Speaker 3: And so.

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Speaker 4: We are going to have to do something like this

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to replace Social Security because Social Security isn't going to

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I mean, it's bankrupt, right, and it's going to continue

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to get bankrupt. And we are not going to have

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if you look what's going on in AI, we're never

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going to get back to a place where we were

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when we started, which when we started, I believe you

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had something like thirty to thirty five workers per every

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person getting a Social Security check. That those days are gone,

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that's not going to happen anymore. So the other thing

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is is I think that we do need to make

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quote unquote capitalism in the market American dream more accessible

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to people.

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Speaker 3: Do I think this is the best way to do it.

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Speaker 2: No?

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Speaker 4: Do I think it is a step in the right

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direction potentially. Do I think it is good for our markets?

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Speaker 2: No, But.

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Speaker 4: We have turned our markets into a utility of some

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some shape, right, Like if you know, look look at

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the way policy is directed at equity or asset prices today,

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like it just wasn't thirty years ago. You know, thirty

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years ago you would hear central bankers and government politicians

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say the stock market isn't the economy. We're not worried

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about the stock market. You don't see that today, and

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it is concerning. It's not a it's not a it's

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not a perfect solution. At the same time, flipping back

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now and arguing for it, I think we're in a

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pivot where I think we're in a very dangerous and

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pivotal place in this country where we're gonna, if we

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get things back on track, we're gonna have to do

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things that are not conventional, at least in the ways

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that we that we think of.

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Speaker 1: I couldn't agree, mom, because they don't worship systems. And

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what you said about social Security being bankrupt is true today,

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and it's structurally bankrupt. To me, that means it can't

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be fixed. It's like, you know, the load bearing beams

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are shot. I'm sorry, the house is shots. What about

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the foundation? Well, the foundation has cracks. Okay, so I

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can't live here. No, I mean you can live here,

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but eventually this is going to fall down, and maybe

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you'll be inside when that happens right.

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Speaker 5: So that's an argument for this.

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Speaker 1: It's easy to be arrogant in a world that values

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arrogance and that pushes arrogance. For instance, there's this arrogance

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of doing things you've always done it because of the

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way you've always done it. My dad, till the day

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he died, swore that his soap was the right soap,

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and it was that old Irish soap, and he thought

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it smelled like Ireland. And every time I smell the soap, yes,

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I have this loving memory my dad, But I also

333
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remember the toxic, noxious smell of this stuff hitting the nostrils.

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You probably, for a lifetime use the same soap, and

335
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I'm here to tell you it's probably made by a

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company that probably doesn't care about your values and probably

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doesn't care about your skin. They simply care about you

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feeling clean. On the other end of the equation, there's

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Alan Soaps. It's made in America by a family with

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three generations of soap making expertise. It has no chemicals

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in it at all. All the fragrances are unique. It

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comes from the mind of a young guy named Alan.

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He has been through eighteen operations. He's at the age

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of fourteen, and right now, this world's best soap is

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something more.

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Speaker 5: Yes, it's a.

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Speaker 1: Place Alan works, his brother works. They're also impacted by autism.

348
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But it's also a chance for you to do something

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incredible for yourself, soap that actually cleans you and is

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good for the soul and helping a company make a

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difficult transition. The guy who started the company for his sons,

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John is on his way to the Lord sometime, probably

353
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coming in April, April to August. He'll go to the Lord.

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His wife's taking over. Go try this soap when you.

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Speaker 5: Love it, subscribe.

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Speaker 1: It's not a charity, it's a full fledged company. It's

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Alan Soaps dot Com slash todd. Alan Soaps dot Com

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slash Todd hand over a well run company to John's

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wife so she can continue the legacy of hiring people

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like Alan and Ian. Now here's my concern. It's thirty

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million dollars per year. If you're saying there's three point

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six million babies born in the United States every year,

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which is the numbers that's it's I found.

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Speaker 5: So it's okay, fine, that's nothing.

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Speaker 1: You know, we're already three hundred trillion dollars in real

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debt if you count the off books debt, that's no ingose.

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Speaker 4: I think that would be I think that would not

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be thirty three hundred and sixty millionayere.

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Speaker 5: Oh sorry, what did I say? I said, are you

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three thirty? Okay?

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Speaker 1: So three hundred and sixty million a year? Three hundred

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and sixty million a year. Now that's again small money

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when we're three hundred trillion dollars in debt. Here's my concern.

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You're a democrat, why is it just a thousand bucks?

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So this needs to go up costs of living? Incidentally,

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why are the black and brown people at getting more?

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And what about this company in that company? And why

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is it the S and P five hundred? Why isn't

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select companies? What about the green companies? Why are we

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having people investment? There's oil companies in here, there's defense

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contractors in here.

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Speaker 5: Well, look can't you have that? That's that's this is

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my perduceiction.

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Speaker 1: If they don't lock this into say it is a

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thousand bucks, or tie it to some ratio of income

386
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or ratio of debt, something where it's predetermined, make it

387
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hard to change. If I'm a democrat, getting into office. Man,

388
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I can't wait to take this thing and blow it out.

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Speaker 3: Yeah. I.

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Speaker 4: But here's the here's the tough part about where we are.

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When you try to start, I think back to George

392
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Bush talking about compassionate conservatism.

393
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Speaker 5: I was checking his watch during the debate. Who am I?

394
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Why am I here?

395
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Speaker 3: Yeah? There? You run into a you run into an

396
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issue when.

397
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Speaker 4: Look you as a society, I think you've got to

398
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determine what is the most important thing to you and

399
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if individualism and liberty and personal liberty or the mo

400
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to important things to you, which I think they should be,

401
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because that is the antithesis of the greatest threat that

402
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government poses to anybody.

403
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Speaker 2: Right.

404
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Speaker 3: And so.

405
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Speaker 4: When things have been too good for too long, people

406
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only see the downside of things and they quit viewing

407
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the upside. And the reason they quit viewing the upside

408
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is because the upside's baked into the cake.

409
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Speaker 3: They take it for granted.

410
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Speaker 2: Right.

411
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Speaker 3: For instance, you go listen to these kids talk.

412
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Speaker 4: They think that they can get socialism payouts and socialism

413
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aspects and not lose any of the.

414
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Speaker 3: Upsides of capitalism, you know what I mean? Yes, And

415
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you look at them and go, guys, that's not how

416
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it works.

417
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Speaker 4: Okay, now, I understand why you're frustrated, and you have

418
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every right to be frustrated. But you're not witnessing the

419
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failure of capitalism. You're which you're you're witnessing the failure

420
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of capitalism receding. Right, You're you're witnessing the unholy union

421
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of big corporations and big government. That's what you're witnessing.

422
00:21:01,000 --> 00:21:03,799
That's what's throwing all this off. And the empirical evidence

423
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is startling. Let's go sector by sector in the United

424
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States and see how many competitors there are in each sector.

425
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That number has been absolutely decimated.

426
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Speaker 2: Right.

427
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Speaker 4: So if you want to know why more of the

428
00:21:17,079 --> 00:21:19,319
riches are not getting down to the working class, it's

429
00:21:19,359 --> 00:21:22,720
because large corporations are not competing nearly as hardly for

430
00:21:22,759 --> 00:21:28,039
that talent anymore. Right, And and that's why, right, increased

431
00:21:28,079 --> 00:21:32,079
competition equals increase pay.

432
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Speaker 3: They just think about it.

433
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Speaker 2: Right.

434
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Speaker 4: So you've got it's like going to like a marketplace

435
00:21:35,480 --> 00:21:38,480
for employment. If you've got one hundred employers there bidding

436
00:21:38,519 --> 00:21:40,480
for talent versus three, who do you think is going

437
00:21:40,519 --> 00:21:41,160
to get a better deal?

438
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Speaker 2: Right?

439
00:21:43,559 --> 00:21:47,279
Speaker 4: And so that's that's the that is the most frustrating.

440
00:21:47,319 --> 00:21:50,000
Part of this whole thing is the people thinking that

441
00:21:50,039 --> 00:21:51,920
the way to fix this is given, and you go no, no,

442
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because you don't understand if we give you that, you're

443
00:21:55,000 --> 00:21:59,160
going to lose that right, right, and you're assuming that's still.

444
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Speaker 3: That's still going to be there. It's not the way

445
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it works.

446
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Speaker 4: And yet at the same time, it has created this

447
00:22:05,440 --> 00:22:08,839
incredible inequity, right, meaning we've never had a wealth gap

448
00:22:08,920 --> 00:22:09,720
like this in the country.

449
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Speaker 3: And the greatest crime.

450
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Speaker 4: Of that to me is capitalism is getting blamed for

451
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big government and big business cabal and it's not an accident.

452
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Speaker 3: This was big business.

453
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Speaker 4: Now I think part of it is on the government side,

454
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and that's reflective in the fact that we no longer

455
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have the best and brightest in government because I think

456
00:22:30,240 --> 00:22:31,640
a lot of them were just duped and I just

457
00:22:31,720 --> 00:22:34,640
think a lot of them aren't smart. But this was

458
00:22:34,640 --> 00:22:38,759
big business's strategy, right. We've talked about regulatory capture. That

459
00:22:38,799 --> 00:22:41,880
didn't happen on accident. They knew that, right. So what

460
00:22:41,960 --> 00:22:46,000
you're seeing is the results of big business and really

461
00:22:46,000 --> 00:22:50,880
smart people gaming the system, tricking politicians.

462
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Speaker 3: And getting them to do exactly what they want. And

463
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wouldn't you know that.

464
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Speaker 4: That is correlated to previously unheard of corporate profits at

465
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the expense to the working guy.

466
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Speaker 3: And so that was the strategy. That was the strategy

467
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all along.

468
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Speaker 1: Yes, if you reverse engineer back to where things began,

469
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you can look at the you can observe the design

470
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of the thing by what the thing does. Okay, so

471
00:23:15,839 --> 00:23:18,759
here's what the thing does that you're talking about. The

472
00:23:18,799 --> 00:23:21,720
thing does this. It takes some people, a class of people.

473
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It's designed to make them perpetual renters, perpetual people buying

474
00:23:27,039 --> 00:23:29,839
on credit, people who never truly own a thing.

475
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Speaker 5: And it's designed to create a.

476
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Speaker 1: Class of people who are worker bees because they have

477
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to be forever. If I were to take this back

478
00:23:38,359 --> 00:23:40,400
to one article, I would take it back to This

479
00:23:40,599 --> 00:23:45,400
was probably gosh, fifteen years ago, back when I was

480
00:23:45,400 --> 00:23:48,920
working in tech and doing stuff with Microsoft, and we

481
00:23:49,000 --> 00:23:52,680
had the people from Detroit out and they were talking

482
00:23:52,680 --> 00:23:57,720
about taking all cars and turning them into rentals. They

483
00:23:57,799 --> 00:24:00,960
saw this coming then most cars.

484
00:24:00,759 --> 00:24:01,799
Speaker 5: Are unused during the day.

485
00:24:01,799 --> 00:24:04,000
Speaker 1: They were got behind in the sharing economy, they got

486
00:24:04,440 --> 00:24:07,519
flanked by Uber, but they had this vision, why do

487
00:24:07,680 --> 00:24:08,799
we sell a car once?

488
00:24:10,240 --> 00:24:10,440
Speaker 2: Right?

489
00:24:10,680 --> 00:24:14,119
Speaker 1: We could make so much more money if we owned

490
00:24:14,200 --> 00:24:18,920
the cars, and we simply leased the cars hour by hour.

491
00:24:19,680 --> 00:24:21,839
Now you have a whole generation of kids who've been

492
00:24:21,839 --> 00:24:23,599
taught they don't need to drive, they don't need to

493
00:24:23,599 --> 00:24:26,200
have their own car. That this is Now it's being

494
00:24:26,240 --> 00:24:29,160
extended into apartments. I was talking to a young person

495
00:24:29,200 --> 00:24:32,359
the other day who's working hard, you know, four twelves

496
00:24:32,359 --> 00:24:35,759
in a row for seventeen bucks an hour, because this

497
00:24:35,839 --> 00:24:38,480
is what they can find. There's some tips, and she's

498
00:24:38,519 --> 00:24:41,759
talking to me about apartments and she says, the apartment

499
00:24:41,799 --> 00:24:45,000
I can afford is that the lowest. And this is

500
00:24:45,000 --> 00:24:50,160
in Spokane, Washington, eighteen hundred bucks a month. Geez, spoke cane, Washington,

501
00:24:50,240 --> 00:24:53,440
she said. And this isn't a bad neighborhood. And this

502
00:24:53,559 --> 00:24:57,000
is a studio apartment spoke cane stink in Washington, eighteen

503
00:24:57,039 --> 00:25:02,079
hundred bucks a month. And there's no park. And now

504
00:25:02,119 --> 00:25:04,359
this is someone who's talking about having to rent a

505
00:25:04,400 --> 00:25:06,079
car to get to work because camp park.

506
00:25:06,799 --> 00:25:08,599
Speaker 5: And I'm not here to create a sob story.

507
00:25:08,720 --> 00:25:11,799
Speaker 1: I'm here to say to this young person, Look, this

508
00:25:11,839 --> 00:25:13,599
is why you need to be in business for yourself.

509
00:25:13,599 --> 00:25:15,480
This is why you need to use entrepreneurial skills. You

510
00:25:15,519 --> 00:25:18,200
are not stuck in this station. God has a design

511
00:25:18,319 --> 00:25:20,559
for you. You can beat these things. You need to

512
00:25:20,559 --> 00:25:22,799
beat this, and you know, we're talking about things to

513
00:25:22,839 --> 00:25:26,039
do that. But in the sector she's working in, she's

514
00:25:26,079 --> 00:25:30,519
watching AI come and eat the senior jobs. She saw

515
00:25:30,599 --> 00:25:33,200
people tossed out of jobs because of AI. She's already

516
00:25:33,240 --> 00:25:37,119
seen this. She's twenty one and she's seeing this stuff.

517
00:25:37,519 --> 00:25:40,680
So yes, all this stuff is by design. So on

518
00:25:40,720 --> 00:25:44,000
the side of what President Trump is doing here this

519
00:25:44,039 --> 00:25:47,960
prosperity accounts. Okay, that's helpful. But then there's this. It's

520
00:25:47,960 --> 00:25:51,559
the inflationary nature of it. You think Wall Street doesn't

521
00:25:51,599 --> 00:25:53,559
know this is here, and the big companies don't know

522
00:25:53,599 --> 00:25:55,079
this is here. Hey, here's the way you can spend

523
00:25:55,119 --> 00:25:58,160
your stock money, etc. So this has to come along

524
00:25:58,440 --> 00:26:02,359
with actual literacy. And then I think we may be

525
00:26:02,559 --> 00:26:04,759
in the business act of needing to break some things up,

526
00:26:06,480 --> 00:26:08,240
like for instance, and this is close to your heart,

527
00:26:08,319 --> 00:26:10,039
and we'll talk about this rarer thing. We need to

528
00:26:10,079 --> 00:26:12,400
talk about the build on the White House because it's

529
00:26:12,400 --> 00:26:16,440
insane how they're responding. It's not a conspiracy, it's simply

530
00:26:16,440 --> 00:26:18,799
the way banks do business. They don't tell you every

531
00:26:18,799 --> 00:26:22,480
little detail of your financial dealings. For instance, your bank

532
00:26:22,640 --> 00:26:25,440
did not tell you that they didn't really set up

533
00:26:25,440 --> 00:26:28,240
corporate credit for you. I mean, you may well have

534
00:26:28,279 --> 00:26:31,160
taken out a business loan. You may well pay on

535
00:26:31,200 --> 00:26:32,839
that business loan. If you took out the loan, I

536
00:26:32,839 --> 00:26:35,599
hope you do pay on it. You probably got a

537
00:26:35,599 --> 00:26:38,680
credit card that's really pretty cool. It's got your logo

538
00:26:38,759 --> 00:26:41,440
on it. That feels cool to use because it's your

539
00:26:41,440 --> 00:26:44,960
business name. It might have been five years ago, it

540
00:26:45,039 --> 00:26:47,759
might have been ten years ago. Now, if you were

541
00:26:47,799 --> 00:26:50,839
to let's say the fault on that loan, God forbid.

542
00:26:51,759 --> 00:26:54,839
Let's say the business went under. Let's say there was

543
00:26:55,440 --> 00:26:56,759
a force measure and.

544
00:26:56,839 --> 00:27:00,720
Speaker 5: Act of God that took the business down.

545
00:27:01,079 --> 00:27:03,519
Speaker 1: If you think you have corporate credit, you will find

546
00:27:03,519 --> 00:27:06,000
out when your bank comes and says, we're going to

547
00:27:06,079 --> 00:27:08,640
need to take the money out of your savings account,

548
00:27:09,119 --> 00:27:10,640
We're gonna need to seize your home.

549
00:27:11,559 --> 00:27:12,960
Speaker 5: You might well go to your bank and say, what

550
00:27:13,000 --> 00:27:13,799
are you talking about.

551
00:27:14,119 --> 00:27:16,680
Speaker 1: I have a corporation. This happened to the corporation, not me.

552
00:27:17,079 --> 00:27:19,079
You can only go after the corporation. Your bank may

553
00:27:19,079 --> 00:27:22,119
tell you, no, that's not true. We made sure it's

554
00:27:22,160 --> 00:27:26,119
not true. We never open corporate credit for you. We

555
00:27:26,200 --> 00:27:28,200
put it in a business name, but it's based upon

556
00:27:28,200 --> 00:27:31,440
your personal credit. Now that's one bad scenario that go

557
00:27:31,559 --> 00:27:33,039
bisible can save you from.

558
00:27:33,319 --> 00:27:35,559
Speaker 5: They'll tell you if you have actual corporate credit.

559
00:27:36,119 --> 00:27:39,240
Speaker 1: Their website is gobisible dot com and they'll tell you

560
00:27:39,279 --> 00:27:42,720
that for free, absolutely free information, Go bisible dot com.

561
00:27:43,039 --> 00:27:43,960
Speaker 5: That's one scenario.

562
00:27:44,000 --> 00:27:46,880
Speaker 1: Another scenario is this, it's not your bank, but it's

563
00:27:46,920 --> 00:27:47,920
a nasty lawsuit.

564
00:27:48,640 --> 00:27:51,240
Speaker 5: Maybe it's a competitor, maybe it's lawfare.

565
00:27:51,920 --> 00:27:54,680
Speaker 1: Maybe it's an employee you forced to fire and that

566
00:27:54,680 --> 00:27:56,400
employee got angry so he sued you.

567
00:27:56,519 --> 00:27:56,720
Speaker 2: Here.

568
00:27:56,839 --> 00:27:59,440
Speaker 1: See again, you might think all they can go after

569
00:27:59,480 --> 00:28:02,400
is the corporate but again, the first thing the lawyer

570
00:28:02,480 --> 00:28:04,000
is going to check to see is do you have

571
00:28:04,079 --> 00:28:07,319
the corporate veil? You probably don't, and if you don't,

572
00:28:07,359 --> 00:28:11,119
then they can go after your own accounts. Go bisible

573
00:28:11,160 --> 00:28:13,440
will tell you, for free and a free no obligation

574
00:28:13,559 --> 00:28:16,559
consultation if you have the corporate veil or not. If

575
00:28:16,559 --> 00:28:18,599
you do not, they'll fix it for you in seven

576
00:28:18,880 --> 00:28:21,920
easy steps. Just go to their website and sign up

577
00:28:21,960 --> 00:28:25,440
for the free no obligation consultation. The website is gobisible

578
00:28:25,480 --> 00:28:30,240
dot com. That's with a z gobisible dot com. I

579
00:28:30,279 --> 00:28:33,640
was just reading that Blackstone and Blackrock are they they

580
00:28:33,720 --> 00:28:36,880
must watch you because you've given them some financial advice.

581
00:28:36,920 --> 00:28:39,279
They're now going out and buying up energy utilities as

582
00:28:39,319 --> 00:28:41,960
fast as they can find them. They're buying up energy

583
00:28:41,960 --> 00:28:43,839
producers as quickly as they can find the United States.

584
00:28:43,839 --> 00:28:47,519
And they're like that Abraham guy, he's his genius. But Zach,

585
00:28:47,559 --> 00:28:51,880
once they own these things, this is beyond means of production.

586
00:28:52,480 --> 00:28:54,440
I mean, this is up level of means of production.

587
00:28:54,559 --> 00:28:58,559
Now it's means of energy. We may need as conservatives

588
00:28:58,559 --> 00:29:01,440
to say maybe part of conservitism missaying to a black

589
00:29:01,519 --> 00:29:02,319
Rock and Blackstone.

590
00:29:03,160 --> 00:29:05,839
Speaker 5: No, you guys don't get to own this much.

591
00:29:06,240 --> 00:29:09,759
Speaker 1: Sorry, you are a virtual monopoly over far too many things.

592
00:29:09,799 --> 00:29:12,799
Does that sound like sacrilege to you?

593
00:29:12,799 --> 00:29:15,720
Speaker 4: No, we have to look, it's it's and and here's

594
00:29:15,920 --> 00:29:20,079
going into it, and there's there's a lot of example.

595
00:29:20,119 --> 00:29:22,920
There's many examples of this in the past. But going

596
00:29:22,960 --> 00:29:26,039
into it, if we are true free market people and

597
00:29:26,079 --> 00:29:29,559
true capitalists, we are going to have to make some

598
00:29:29,640 --> 00:29:33,759
decisions that don't taste very good. Because I am very sympathetic,

599
00:29:33,839 --> 00:29:38,279
I've got clients sit there and go absolutely not competition, Zach, you,

600
00:29:38,359 --> 00:29:40,359
It'll take care of itself over time. Da da da,

601
00:29:40,400 --> 00:29:43,200
And I'm and I just firmly disagree. I believe that

602
00:29:43,720 --> 00:29:46,640
when you look at the EcoSpheres that these guys have built,

603
00:29:47,079 --> 00:29:50,000
and when you look at how intelligent they are, when

604
00:29:50,039 --> 00:29:53,599
you look at the mistakes that they are not making,

605
00:29:53,960 --> 00:29:57,480
for the most part, i'd set Apple aside. Apple to

606
00:29:57,559 --> 00:30:00,000
me is like the classic big company. They're they're losing

607
00:30:00,039 --> 00:30:03,599
the narrative in my opinion, and they're descending. The rest

608
00:30:03,640 --> 00:30:08,039
of them have done incredibly well at staying vigilant and

609
00:30:08,359 --> 00:30:10,519
staying on top of things and continuing to push the

610
00:30:10,640 --> 00:30:13,839
edge like so other companies haven't. Because if you look

611
00:30:13,839 --> 00:30:15,279
at and I know I'm not telling you anything you

612
00:30:15,279 --> 00:30:16,920
don't know, but if you look at the arc of

613
00:30:17,000 --> 00:30:19,680
most corporations, you get to a point when when you

614
00:30:19,680 --> 00:30:22,559
get to the point of dominance or behemoth, that's usually

615
00:30:22,599 --> 00:30:25,720
your zenith because you start believing that you know, you

616
00:30:25,720 --> 00:30:28,680
believe your own hype, you lose dynamism and then somebody

617
00:30:28,680 --> 00:30:31,480
catches up to you and passes you by. Right, these

618
00:30:31,519 --> 00:30:36,000
guys have been remarkably efficient and remarkably successful at not

619
00:30:36,039 --> 00:30:40,880
allowing that to happen. Right, Unlike any other companies we've

620
00:30:40,880 --> 00:30:43,680
seen in the past, there's always been this atrophy that

621
00:30:43,720 --> 00:30:46,599
you see. And like I said, Apple is not done

622
00:30:46,640 --> 00:30:47,960
by any stretch of the imagination.

623
00:30:48,240 --> 00:30:49,640
Speaker 3: But to me, they're a good example.

624
00:30:49,799 --> 00:30:51,480
Speaker 4: Right, look at the lack of dynamism, look at the

625
00:30:51,559 --> 00:30:54,480
lack of innovation, look at the lack of revolutionary products

626
00:30:54,480 --> 00:30:56,240
that have come out in the last Right, they're not

627
00:30:56,319 --> 00:30:58,799
taking chances and they're not pressing the edges like they

628
00:30:58,880 --> 00:31:03,480
used to. But most of those big companies are they've

629
00:31:03,519 --> 00:31:07,599
learned that lesson and they are not nearly as vulnerable.

630
00:31:07,119 --> 00:31:08,920
Speaker 3: As big conglomerates were in the past.

631
00:31:10,599 --> 00:31:17,000
Speaker 4: And we're gonna have to do some things that feel undemocratic.

632
00:31:17,079 --> 00:31:19,960
We're gonna have to do some things that feel like

633
00:31:20,319 --> 00:31:24,440
not free market because and we're gonna have to do

634
00:31:24,480 --> 00:31:29,400
those things to save capitalism because if we go down,

635
00:31:29,480 --> 00:31:34,200
like you said, you cannot have somebody that is controlling

636
00:31:35,079 --> 00:31:37,079
you know, I don't even know how much black Rock has,

637
00:31:37,119 --> 00:31:41,119
but but but like think about the level the amount

638
00:31:41,119 --> 00:31:46,279
of votes that they control at publicly traded companies because

639
00:31:46,319 --> 00:31:52,720
of their passive ETFs right, Right, and then you simultaneously

640
00:31:52,839 --> 00:31:57,119
give allow those people to control large swaths of the

641
00:31:57,200 --> 00:32:01,079
energy market. I just I don't unders stand how that

642
00:32:01,200 --> 00:32:02,680
is not a massive conflict.

643
00:32:02,799 --> 00:32:04,160
Speaker 5: No, no, no, you think of this.

644
00:32:04,240 --> 00:32:07,400
Speaker 1: They own the energy markets that supply the power to

645
00:32:07,440 --> 00:32:12,799
the houses they own, where they own neighborhoods, entire neighborhoods.

646
00:32:13,799 --> 00:32:17,720
They own the fuel that's delivered to the neighborhoods. They

647
00:32:18,000 --> 00:32:22,480
own controlling shares over the cable news that goes into

648
00:32:22,559 --> 00:32:29,480
the houses. They own controlling shares over the government, or

649
00:32:29,519 --> 00:32:32,759
they own massive influence over how government invests its money.

650
00:32:33,559 --> 00:32:36,960
Blackrock says, we need liquidation, we need to pump capital,

651
00:32:36,960 --> 00:32:40,000
We need quantitative easing to the tune of three hundred

652
00:32:40,000 --> 00:32:42,599
and sixty billion dollars. And the Fed turns around and

653
00:32:42,640 --> 00:32:45,720
does this twice for them, and the Treasury breaks the

654
00:32:45,759 --> 00:32:47,920
law and goes and gives that money to them through

655
00:32:47,960 --> 00:32:48,599
money laundering.

656
00:32:49,279 --> 00:32:50,079
Speaker 5: We can't have that.

657
00:32:50,680 --> 00:32:53,759
Speaker 1: They own the land beneath the houses, they own the

658
00:32:53,759 --> 00:32:57,240
building companies, they own the controlling shares of that. They're

659
00:32:57,240 --> 00:32:59,720
buying up farmland along with Bill Gates, et cetera. Now

660
00:32:59,720 --> 00:33:03,880
here's the means of food production, and it's not just here.

661
00:33:04,759 --> 00:33:08,319
They own it globally, and they've done this with the

662
00:33:08,359 --> 00:33:11,400
help of government, where you told me I didn't know this.

663
00:33:12,279 --> 00:33:15,599
They get zero interest rate loans that are not available

664
00:33:15,640 --> 00:33:15,839
to us.

665
00:33:15,839 --> 00:33:16,599
Speaker 5: Those aren't loans.

666
00:33:16,680 --> 00:33:18,559
Speaker 1: Those are gifts that you pay back if you feel

667
00:33:18,599 --> 00:33:23,960
like it. That's not capitalism. That's the China model, just

668
00:33:24,039 --> 00:33:27,279
not yet in the complete control. So I can convince

669
00:33:27,319 --> 00:33:31,000
myself by this that it's it's conservative to go and say, yeah,

670
00:33:31,000 --> 00:33:33,400
we're breaking this up black Rock. You need to separate

671
00:33:33,440 --> 00:33:36,680
into separate countries, vanguards, you need to separate into separate companies.

672
00:33:36,680 --> 00:33:38,680
You can't have this much of our ownership of everything.

673
00:33:39,160 --> 00:33:40,440
That doesn't even feel wrong to me.

674
00:33:41,240 --> 00:33:43,559
Speaker 3: Yeah, no, and it doesn't.

675
00:33:43,599 --> 00:33:46,359
Speaker 4: And to be clear on the loan thing, structurally, the

676
00:33:46,359 --> 00:33:50,480
way it works, it's not like they go and take

677
00:33:50,519 --> 00:33:54,119
out big Now they can take out big loans from

678
00:33:54,119 --> 00:33:58,480
the Federal Reserve at that rate. But when I'm talking

679
00:33:58,480 --> 00:34:02,359
about them getting access cheap capital usually the way what

680
00:34:02,400 --> 00:34:04,960
I'm referring to. Just to be clear, I just want

681
00:34:04,960 --> 00:34:07,079
to make sure everybody's clear on this. Yeah, is that

682
00:34:07,680 --> 00:34:10,559
you know, and I've heard a lot of people make

683
00:34:10,559 --> 00:34:13,599
this comment. If your money is sitting an account at

684
00:34:13,599 --> 00:34:16,159
a bank, and let's say you look at it right now,

685
00:34:16,519 --> 00:34:19,199
and you're making one and a quarter percent interest. Okay,

686
00:34:19,400 --> 00:34:21,320
that on that safe Now. I know the people like

687
00:34:21,320 --> 00:34:22,280
exact they got high yield.

688
00:34:22,320 --> 00:34:23,360
Speaker 3: No, I know that. I know that.

689
00:34:23,639 --> 00:34:25,920
Speaker 4: But like in your brokerage account, you know, if you

690
00:34:26,000 --> 00:34:27,880
sell some stock, it's sitting in that account. You look

691
00:34:27,920 --> 00:34:29,360
at that account and it's probably paying you a one

692
00:34:29,400 --> 00:34:32,920
percent okay, something like that. What most people don't realize

693
00:34:33,079 --> 00:34:36,760
is that is their cost of capital, right because then

694
00:34:37,039 --> 00:34:39,199
then that what they're doing is they're turning around and

695
00:34:39,239 --> 00:34:42,639
taking your money and buying us government bonds that are

696
00:34:42,639 --> 00:34:45,960
stay paying four Okay. So when I talk about them

697
00:34:45,960 --> 00:34:48,239
having a negative cost of capital, what I mean is

698
00:34:48,800 --> 00:34:50,880
they've got a negative cost of capital when it comes

699
00:34:50,920 --> 00:34:53,239
to everybody else. Meaning if I can borrow at one

700
00:34:53,639 --> 00:34:56,679
and invest at for I've got a positive carry of

701
00:34:56,679 --> 00:34:59,079
three percent, not even using my own money. And so

702
00:34:59,599 --> 00:35:02,719
they and they can invent like that's the way banks work.

703
00:35:02,760 --> 00:35:03,480
They can do that.

704
00:35:03,480 --> 00:35:04,360
Speaker 3: That's totally legal.

705
00:35:04,400 --> 00:35:06,480
Speaker 4: They can keep as much of that interest earned off

706
00:35:06,519 --> 00:35:09,840
that cash as they want to, assuming that's the type

707
00:35:09,880 --> 00:35:11,559
of account it is, right, they've got to say that.

708
00:35:11,920 --> 00:35:15,679
But and so look that money on account with them,

709
00:35:15,719 --> 00:35:17,519
that's sitting there in cash. That's money that they can

710
00:35:17,639 --> 00:35:19,840
use and invest in other places. So what is their

711
00:35:19,840 --> 00:35:22,159
cost on that capital? It's like one percent. Well, in

712
00:35:22,199 --> 00:35:25,280
a four percent world, that's a zerouse. That's zero percent

713
00:35:25,280 --> 00:35:29,239
cost of capital. Yeah, right, Just it's an unfair advantage

714
00:35:29,559 --> 00:35:32,000
that they've got when they can access capital at a

715
00:35:32,039 --> 00:35:34,920
cheaper price than anybody else can. Why are you allowing

716
00:35:34,960 --> 00:35:39,440
them to transact in retail markets? It's structurally unfair, right.

717
00:35:39,480 --> 00:35:41,079
Speaker 1: And then there's the thing you've taught me about where

718
00:35:41,079 --> 00:35:44,199
they get to skip into the line to buy things

719
00:35:44,199 --> 00:35:47,320
based upon signals that us, us stupid monkeys are buying.

720
00:35:47,800 --> 00:35:49,440
Speaker 3: And this is the high frequency trading.

721
00:35:49,519 --> 00:35:54,000
Speaker 1: Yeah, high frequency trading where this is insane that we

722
00:35:54,599 --> 00:35:57,559
you know, there's this these programs like robin Hood that

723
00:35:57,599 --> 00:35:59,400
pretends to be in this for the you know, the

724
00:35:59,440 --> 00:36:03,039
retail and investor and no fees, et cetera. Wow, that's cool.

725
00:36:03,039 --> 00:36:06,239
I can invest with no fees, right, because we're observing

726
00:36:06,239 --> 00:36:08,639
the things you want to buy, and then we give

727
00:36:08,719 --> 00:36:11,960
the big investors the ability to hop in by it

728
00:36:12,280 --> 00:36:15,760
just before all these massive people do and then sell

729
00:36:15,800 --> 00:36:17,920
it to you at more than you would have paid.

730
00:36:19,159 --> 00:36:22,760
Speaker 5: And this is legal. This is insane. This is someone.

731
00:36:22,880 --> 00:36:26,880
Speaker 1: This is like ticketmasters saying, here's how much the you know,

732
00:36:27,000 --> 00:36:30,239
rolling stones and pearl jam, roll the bones and the

733
00:36:30,280 --> 00:36:34,760
wheelchairs out to watch people perform show you can go

734
00:36:34,800 --> 00:36:37,039
and hey, here's all the rush. But now rich people

735
00:36:37,119 --> 00:36:38,559
get to go buy the seats and sell them to

736
00:36:38,599 --> 00:36:40,519
you at a five percent markup. And they don't even

737
00:36:40,519 --> 00:36:43,320
do five percent, it's like one half percent. But the

738
00:36:43,440 --> 00:36:46,440
volume on this is massive. We don't get to do

739
00:36:46,519 --> 00:36:49,599
that that and they're saying they defend this as putting

740
00:36:49,639 --> 00:36:51,000
liquidity into the markets.

741
00:36:51,639 --> 00:36:52,559
Speaker 5: No you are.

742
00:36:52,679 --> 00:36:53,440
Speaker 1: They's a sure bat.

743
00:36:54,760 --> 00:36:58,119
Speaker 4: Look they defend it the same way that I put

744
00:36:58,119 --> 00:37:01,320
this in the same category as the carried in for sloopole.

745
00:37:01,840 --> 00:37:06,559
Yeah right, meaning meaning everybody including Warren Buffett de cries it,

746
00:37:06,679 --> 00:37:10,440
but it never gets repealed and they all use it, right, so.

747
00:37:10,119 --> 00:37:12,840
Speaker 3: So and and and this one is just like.

748
00:37:12,800 --> 00:37:15,960
Speaker 4: That because what you're describing there, it really is like

749
00:37:17,239 --> 00:37:22,880
a financial investment or whatever, like uh, like dairy farm,

750
00:37:23,159 --> 00:37:27,239
meaning right, there's they're stacking y'all in there, and they're

751
00:37:27,440 --> 00:37:30,960
they're taking residuals off you, they're clipping those coupons off you,

752
00:37:31,440 --> 00:37:33,599
and it's almost like you're in like a financial prison,

753
00:37:33,639 --> 00:37:35,280
you know what I mean, where you've got to keep

754
00:37:35,320 --> 00:37:37,119
paying the rate, You got to keep paying this fee,

755
00:37:37,119 --> 00:37:38,760
you got to pay that fee. And and and you

756
00:37:38,800 --> 00:37:45,199
brought up a classic one, you know, Robinhood and and

757
00:37:45,199 --> 00:37:47,920
and this was what's so frustrating to me about people.

758
00:37:49,280 --> 00:37:52,360
How I don't understand how you have adults that realize

759
00:37:52,400 --> 00:37:56,159
that nothing is free or meaning, yeah, don't realize, right,

760
00:37:56,199 --> 00:38:00,840
nothing is free. So, so Robinhood is a public listed company.

761
00:38:00,920 --> 00:38:02,840
They don't charge any fees. The first question in your

762
00:38:02,880 --> 00:38:04,800
mind goes should be like, Okay, how.

763
00:38:04,679 --> 00:38:05,239
Speaker 3: Is that possible?

764
00:38:05,280 --> 00:38:06,079
Speaker 5: How do they make money?

765
00:38:06,559 --> 00:38:09,719
Speaker 4: Yeah, how do they make money? Well, they sell your information. Okay,

766
00:38:10,599 --> 00:38:13,280
look at how much money they're making. Now ask yourself,

767
00:38:13,480 --> 00:38:15,760
why is somebody paying that much money for your information?

768
00:38:16,880 --> 00:38:20,679
Because it's a guaranteed bet right, yep. How much do

769
00:38:20,719 --> 00:38:24,280
you pay for a guaranteed winner as much as somebody asks? Yep, right,

770
00:38:25,000 --> 00:38:26,719
as long as there's a guaranteed win on the other

771
00:38:26,760 --> 00:38:27,239
side of it.

772
00:38:27,679 --> 00:38:30,079
Speaker 3: So, and how do they defend it?

773
00:38:30,800 --> 00:38:34,239
Speaker 4: They defend it because they get told all of this

774
00:38:34,400 --> 00:38:37,719
nonsense by people that it improves price that and they

775
00:38:37,719 --> 00:38:39,639
show them all their charts and all their stuff, and

776
00:38:40,199 --> 00:38:43,079
again reflective of the fact that we don't have smart

777
00:38:43,079 --> 00:38:44,119
people in office anymore.

778
00:38:44,519 --> 00:38:44,920
Speaker 3: Okay.

779
00:38:45,239 --> 00:38:48,000
Speaker 4: And then on top of that, they noticed that a

780
00:38:48,679 --> 00:38:52,039
political action committee while they're talking to this company, just

781
00:38:52,079 --> 00:38:54,760
happen to dump five million dollars into their reelection campaign.

782
00:38:55,320 --> 00:38:57,519
Speaker 3: And now all of a sudden, those charts and everything.

783
00:38:58,400 --> 00:39:00,400
You know what, man, this is good for a vestors.

784
00:39:00,440 --> 00:39:03,559
Speaker 4: Look look at this, right, this is good for investors.

785
00:39:03,679 --> 00:39:05,320
Speaker 3: You know what, We need to let them do this.

786
00:39:05,320 --> 00:39:05,679
This work.

787
00:39:05,960 --> 00:39:10,480
Speaker 4: And on the surface it is when they say that

788
00:39:10,519 --> 00:39:13,880
it improves liquidity and volumes and price execution markets, they

789
00:39:13,880 --> 00:39:17,880
are correct, okay, But again as adults, what is it

790
00:39:18,039 --> 00:39:20,960
at what cost? At what cost? This is because what

791
00:39:21,000 --> 00:39:24,559
you've done. What you've done is you've built another apparatus

792
00:39:24,760 --> 00:39:27,760
that is designed not to deliver value but to scalp

793
00:39:27,840 --> 00:39:29,480
it from unknowing consumers.

794
00:39:29,639 --> 00:39:30,519
Speaker 3: That's what you've done.

795
00:39:30,639 --> 00:39:32,719
Speaker 4: So the cost of that will be a lack of trust,

796
00:39:32,920 --> 00:39:36,559
greater wealth, inequality. So any benefits you say this provides

797
00:39:36,599 --> 00:39:40,440
the market, I think it is a very very logical

798
00:39:40,480 --> 00:39:44,039
conclusion to come to that the benefits do not come

799
00:39:44,199 --> 00:39:45,679
close to outweighing the costs.

800
00:39:45,760 --> 00:39:47,159
Speaker 5: I tell people this all the time.

801
00:39:47,199 --> 00:39:51,480
Speaker 1: If you're using a free service like Facebook, understand something,

802
00:39:51,559 --> 00:39:56,679
you're the product. Yes, anytimes it's free, you are the product.

803
00:39:56,840 --> 00:40:02,960
Anytime it's radically discounted, you are the product, for instance,

804
00:40:03,360 --> 00:40:05,880
and this sometimes it's things you even pay for. There

805
00:40:05,880 --> 00:40:09,679
are places in America still where there's one cable provider.

806
00:40:09,960 --> 00:40:11,599
Do you remember back in the days when there were

807
00:40:11,800 --> 00:40:16,000
big time competitions for inter service providers, had all these

808
00:40:16,039 --> 00:40:18,760
local ISPs. I still remember some of them. C nets

809
00:40:18,800 --> 00:40:21,800
were was one in Seattle, had all these local ISPs,

810
00:40:21,880 --> 00:40:24,599
and then the cable companies are having trouble competing with

811
00:40:24,639 --> 00:40:27,400
them because they could provide services they couldn't. They went

812
00:40:27,440 --> 00:40:33,239
to Congress and they lobbied them out of existence with

813
00:40:33,440 --> 00:40:36,639
fees and regulations in institutional capture.

814
00:40:37,280 --> 00:40:38,800
Speaker 5: So there are places in New York where you have

815
00:40:38,880 --> 00:40:41,039
one cable company and.

816
00:40:41,159 --> 00:40:42,079
Speaker 3: We have that in my area.

817
00:40:42,199 --> 00:40:44,519
Speaker 4: Okay, only if you want internet or cable, there is

818
00:40:44,599 --> 00:40:47,159
only one place to get it, and it's regulated.

819
00:40:47,360 --> 00:40:49,519
Speaker 5: And they purchased that. They purchased you.

820
00:40:50,199 --> 00:40:53,639
Speaker 1: How much are we bid to provide cable for this area?

821
00:40:54,239 --> 00:40:57,280
They purchased you, and then they simply mark you up

822
00:40:58,119 --> 00:41:00,280
and they sell you to someone else. That's what Robin

823
00:41:00,320 --> 00:41:03,719
Hood's doing. These are things that should be broken up.

824
00:41:03,800 --> 00:41:07,960
It is not capitalism, it is a perversion of it.

825
00:41:09,280 --> 00:41:11,079
And one other thing I wanted to check off with you,

826
00:41:11,159 --> 00:41:12,639
and I do want to talk about this, this thing

827
00:41:12,679 --> 00:41:17,039
at the White House. No one wants to see stuff

828
00:41:17,079 --> 00:41:18,920
like this. No one wants to see the outcome of this.

829
00:41:19,000 --> 00:41:21,079
A young man who's gone through that. No one wants to.

830
00:41:21,119 --> 00:41:27,079
Speaker 5: See the after effects of war. Anybody not up close.

831
00:41:28,400 --> 00:41:31,719
Speaker 1: You know, to talk about it changes people. My friend

832
00:41:31,760 --> 00:41:36,360
Tim Krukshank, three separate times, went and was deployed on

833
00:41:36,360 --> 00:41:39,800
my behalf in yours. I'm wearing one of team shirts today,

834
00:41:39,920 --> 00:41:43,760
Bone Frog Classic shirt, and three separate times he did

835
00:41:43,840 --> 00:41:46,280
that as a medic attached to the Seal teams, so

836
00:41:46,599 --> 00:41:49,719
he was in the business of reviving and saving the

837
00:41:49,760 --> 00:41:54,840
lives of terrorists they confronted on the battlefield so that

838
00:41:54,880 --> 00:41:58,039
they could be interrogated. He was in the business of

839
00:41:58,119 --> 00:42:02,400
rushing to try to save the lives of fallen teammates

840
00:42:02,400 --> 00:42:05,559
and often succeeding, sometimes not being able to save their lives,

841
00:42:05,559 --> 00:42:08,760
and being with them as they passed on. He had

842
00:42:08,800 --> 00:42:11,920
the experience of shooting ats and being shot ats, placing

843
00:42:12,000 --> 00:42:16,480
explosives and such, and he came home decided to teach

844
00:42:16,519 --> 00:42:18,519
other people how to become Navy seals. He did that

845
00:42:18,559 --> 00:42:21,119
for a while at Buds as a Buds instructor. All

846
00:42:21,159 --> 00:42:23,760
the while in his mind he was constructing the coffee

847
00:42:23,760 --> 00:42:26,440
company he runs today, called bone Frog. It began with this,

848
00:42:27,079 --> 00:42:30,079
what will I call my coffee company? He went through

849
00:42:30,119 --> 00:42:33,320
several names, landed on bone Frog, and the insignia of

850
00:42:33,360 --> 00:42:36,320
the bone Frog indicates a fallen Navy sealed. Makes sense

851
00:42:36,360 --> 00:42:38,320
since he was a medic or some people say Corman

852
00:42:38,400 --> 00:42:42,239
Tims's medics, so I'll say what he says. And then

853
00:42:42,280 --> 00:42:45,719
the coffee company began to take shape. Coffee's a big

854
00:42:45,760 --> 00:42:47,639
thing when you are down, it's a hell week and

855
00:42:48,280 --> 00:42:50,360
you're one of the instructors and you get to have coffee,

856
00:42:50,360 --> 00:42:52,280
and the people going through it don't, but you do.

857
00:42:54,320 --> 00:42:56,400
And when he founded the company, then he went and

858
00:42:56,480 --> 00:42:58,639
was very honest with himself. I don't know a bloomin

859
00:42:58,800 --> 00:43:01,480
stinking thing about making coffee. So he went and did

860
00:43:01,480 --> 00:43:04,159
what seals did. He put together a team, brought on

861
00:43:04,239 --> 00:43:06,559
Dave Stewart as a mentor. They he makes some of

862
00:43:06,559 --> 00:43:09,679
the roast. He mentors the team Dave started Seattle's Best Coffee,

863
00:43:09,679 --> 00:43:12,480
which is a legendary coffee company. When you buy from

864
00:43:12,519 --> 00:43:15,119
bone Frog, you are supporting the fallen. The families have

865
00:43:15,159 --> 00:43:17,679
fallen Navy Seals. Ten percent of proceeds go to them.

866
00:43:17,719 --> 00:43:21,239
Every time. You're supporting a company that stands proudly with God.

867
00:43:21,440 --> 00:43:24,199
H beg says God Country Team, and you will enjoy

868
00:43:24,360 --> 00:43:27,039
the best coffee in the world, made either through the

869
00:43:27,079 --> 00:43:30,599
mentoring or the direct work of a coffee legend who

870
00:43:30,599 --> 00:43:32,639
got in the way of Starbucks so much that they

871
00:43:32,639 --> 00:43:34,119
had to give him a ton of money. To buy

872
00:43:34,119 --> 00:43:37,400
Seattle's Best Coffee. There's no downside. Go subscribe to their

873
00:43:37,400 --> 00:43:40,679
coffee Bonefrog Coffee dot com, slash todd. Use promo code

874
00:43:40,679 --> 00:43:43,679
todd to get fifteen percent off subscription in Coffee for Life.

875
00:43:43,960 --> 00:43:46,599
And yes there are people buying Christmas presents already. I

876
00:43:46,599 --> 00:43:48,639
know Halloween's not here, but yeah, you could buy this

877
00:43:48,679 --> 00:43:53,199
shirt Bonefrogcoffee dot Com slash todd. So the Rare Earth

878
00:43:53,320 --> 00:43:57,519
deal with what with Australia. President Trump is really touting this,

879
00:43:57,679 --> 00:44:00,519
they signed this, and China is trying to own the

880
00:44:00,599 --> 00:44:03,960
rare Earth markets. They're trying to own cf Seawater they're

881
00:44:04,000 --> 00:44:07,760
trying to own salt. They want to own all the silicon.

882
00:44:08,199 --> 00:44:11,840
I mean, they want to own everything. And is this

883
00:44:11,960 --> 00:44:14,320
meaningful for us as you guys have studied it? If

884
00:44:14,320 --> 00:44:15,840
you're an let's had a chance to look at this,

885
00:44:16,039 --> 00:44:17,559
that we're not going to be able to get rare

886
00:44:17,559 --> 00:44:20,360
earths from Australia and this is apparently going to help

887
00:44:20,440 --> 00:44:22,440
us as you guys, have you looked at this at all?

888
00:44:22,840 --> 00:44:23,039
Speaker 3: Oh?

889
00:44:23,159 --> 00:44:29,119
Speaker 5: Yeah, Tonska and I should we be happy?

890
00:44:29,239 --> 00:44:29,880
Speaker 3: Yes? And no?

891
00:44:30,039 --> 00:44:33,360
Speaker 4: I mean I'm happy that they're recognizing the issue here.

892
00:44:34,719 --> 00:44:38,159
The issue is one that has been decades in the making.

893
00:44:39,039 --> 00:44:42,800
It's also a very ironic conversation because the reason you

894
00:44:42,800 --> 00:44:45,800
don't have rare earth production here in any serious level.

895
00:44:45,840 --> 00:44:48,159
You've got a little bit, but not very much, is

896
00:44:48,199 --> 00:44:51,000
because it is a very polluting process.

897
00:44:51,480 --> 00:44:57,760
Speaker 3: It really is. And so can you do it here? Yeah?

898
00:44:57,960 --> 00:45:01,679
Speaker 4: But think about how much more expensive it is going

899
00:45:01,679 --> 00:45:03,079
to be to do it here than to do it

900
00:45:03,119 --> 00:45:04,599
somewhere in Africa or somewhere in China.

901
00:45:04,960 --> 00:45:05,920
Speaker 3: I mean, let's be on right.

902
00:45:06,119 --> 00:45:08,039
Speaker 4: And that's one of the things I've laughed so much

903
00:45:08,079 --> 00:45:10,679
about the climate cabal and all the climate people. Yeah, right,

904
00:45:10,920 --> 00:45:12,639
they're all Levy in their sites. What do they talk

905
00:45:12,639 --> 00:45:15,599
about all the time they talk about us in Europe, yep,

906
00:45:16,239 --> 00:45:18,079
us in you're a part of the source of anywhere

907
00:45:18,119 --> 00:45:20,480
close to all of the carbon being pumped out. Right,

908
00:45:20,519 --> 00:45:23,239
So when they're not talking about China, you know, the

909
00:45:23,280 --> 00:45:27,760
fixes in because there's there are monetary reasons for why

910
00:45:27,760 --> 00:45:30,599
they're not right, like you, I'm not telling you anything

911
00:45:30,599 --> 00:45:33,920
you don't know obviously or your listeners even but the

912
00:45:34,079 --> 00:45:37,079
environment doesn't care whether carbon's coming from China or whether

913
00:45:37,119 --> 00:45:38,239
it's coming from America.

914
00:45:38,320 --> 00:45:41,639
Speaker 3: Right, it's a it's all fungible, it's all so.

915
00:45:43,199 --> 00:45:46,960
Speaker 4: Yeah, I mean, the ludicrous, just the lunacy of the

916
00:45:47,000 --> 00:45:51,320
whole thing is is mind numbing. But what we've done

917
00:45:51,440 --> 00:45:54,840
is because of that environmental those environmental issues, you have

918
00:45:54,960 --> 00:46:00,119
virtually no domestic production. And if you think about that,

919
00:46:00,119 --> 00:46:03,440
that's ridiculous because these rares. I mean, if you don't

920
00:46:03,480 --> 00:46:06,239
have rares, you're not making missiles. Right, if you don't

921
00:46:06,239 --> 00:46:09,400
ma have rors, you're not making satellites, you're not making automobiles,

922
00:46:09,440 --> 00:46:11,119
you're not making so many of these different things that

923
00:46:11,199 --> 00:46:14,400
you can't live without. And so this is kind of

924
00:46:14,440 --> 00:46:19,440
that what I remember people referring to it is that suicide.

925
00:46:20,039 --> 00:46:24,920
The suicidal club that is is then the environmental lobby

926
00:46:24,920 --> 00:46:28,760
and the extremists, because they are literally putting a gun

927
00:46:28,800 --> 00:46:31,760
to our head economically. And so you look at China

928
00:46:31,840 --> 00:46:36,199
right now. China responded saw that. You know, they're not

929
00:46:36,239 --> 00:46:39,119
worried about the environments. So their attitude is pull those

930
00:46:39,119 --> 00:46:42,400
suckers out of anywhere you can possibly get them. But

931
00:46:42,719 --> 00:46:45,679
what we're doing to strengthen bonds with other countries that

932
00:46:45,719 --> 00:46:48,519
produce them, we have to do that. We also need

933
00:46:48,519 --> 00:46:51,320
to pass some legislation that expedites the build out of

934
00:46:51,360 --> 00:46:55,280
those minds, because you are probably somewhere and then if

935
00:46:55,280 --> 00:46:59,079
you start today, you're probably in the neighborhood of six

936
00:46:59,079 --> 00:47:03,880
to eight years away from producing any serious amount of

937
00:47:04,000 --> 00:47:06,760
rare earth metals out of now. I'm sure there's some

938
00:47:06,800 --> 00:47:09,360
projects that you could turn on quicker. The question is

939
00:47:09,360 --> 00:47:11,000
is what is the yield off of them going to be?

940
00:47:11,079 --> 00:47:13,679
What percentage of the demand will it make up. My

941
00:47:13,800 --> 00:47:15,800
belief is that if you expedited it, cut a lot

942
00:47:15,840 --> 00:47:17,599
of red tape within six to eight years, you could

943
00:47:17,639 --> 00:47:20,800
have a meaningful amount of domestic production That might be

944
00:47:21,000 --> 00:47:23,760
over aggressive on mind, it may be closer to ten.

945
00:47:25,039 --> 00:47:27,719
But if you're not passing that kind of stuff at

946
00:47:27,719 --> 00:47:29,280
the same time, then all of this is for not

947
00:47:29,719 --> 00:47:32,920
We have all the natural resources we need here, and

948
00:47:32,960 --> 00:47:36,119
we need to make it permanent policy that a certain

949
00:47:36,159 --> 00:47:39,360
percentage of that production will never go down, right, And

950
00:47:39,400 --> 00:47:42,800
if you need government subsidies for that, then then then

951
00:47:42,840 --> 00:47:44,920
that's that is the kind of thing you should be

952
00:47:44,960 --> 00:47:46,360
subsidizing rather than corn.

953
00:47:46,840 --> 00:47:47,039
Speaker 2: Right.

954
00:47:47,159 --> 00:47:48,880
Speaker 5: Yeah, yeah, that makes sense.

955
00:47:49,480 --> 00:47:53,320
Speaker 1: I wanted to ask you, have you seen the unprecedented

956
00:47:54,519 --> 00:47:57,599
and frightening I don't even know how to defend this,

957
00:47:57,639 --> 00:48:01,800
but President Trump has sent backos and cranes to destroy

958
00:48:02,159 --> 00:48:03,119
the walls of the White House.

959
00:48:04,599 --> 00:48:09,800
Speaker 4: Well, I mean he yeah, and the country. I mean,

960
00:48:09,840 --> 00:48:12,679
he's a tyrant and he's an authoritarian.

961
00:48:12,920 --> 00:48:16,480
Speaker 1: And I'm putting a picture into the show notes because

962
00:48:16,519 --> 00:48:17,719
people have to see this.

963
00:48:19,039 --> 00:48:20,079
Speaker 5: It is a picture of the.

964
00:48:20,039 --> 00:48:25,079
Speaker 1: White House, the whole White House from the sky. There's

965
00:48:25,320 --> 00:48:29,039
the West wing, there's the residence, there's the East wing.

966
00:48:30,000 --> 00:48:34,840
Then there's the parts of the rebuild that President Trump

967
00:48:34,880 --> 00:48:37,920
is rebuilding. And this speaks to the poisoner media. I

968
00:48:37,960 --> 00:48:40,599
am torn on whether I like donors paying for this.

969
00:48:40,679 --> 00:48:43,360
I probably don't, because it's a way to buy the

970
00:48:43,400 --> 00:48:45,360
president off. I want to know how much money the

971
00:48:45,400 --> 00:48:48,320
President's putting into this. I like the fact in a

972
00:48:48,360 --> 00:48:51,920
way it's not the taxpayers doing this. But Zach I

973
00:48:52,000 --> 00:48:56,039
was listening to local television news simulcast SUN Radio. It's

974
00:48:56,119 --> 00:48:58,800
kicks Y, ABC affiliate out of Spokane. I do this

975
00:48:58,880 --> 00:49:01,880
to torture myself. In the morning, they do the weather,

976
00:49:03,119 --> 00:49:05,519
they do a story about a local nonprofit. Then I'm

977
00:49:05,519 --> 00:49:08,840
not kidding you, it's boom boom boom, breaking news now

978
00:49:08,880 --> 00:49:12,559
from Washington, d C. A crane can be seen on

979
00:49:12,599 --> 00:49:15,280
the east side of the White House tearing the walls

980
00:49:15,320 --> 00:49:19,000
off the White House in a construction project two hundred

981
00:49:19,000 --> 00:49:23,119
and eighty million dollars. Critics say it's happening too quickly

982
00:49:23,159 --> 00:49:26,440
and there's not enough transparency in this. They're demanding more

983
00:49:26,480 --> 00:49:29,840
transparency in the process. President Trump remise people that don't

984
00:49:29,840 --> 00:49:34,079
should pay for this. Now onto sports and it's the

985
00:49:34,119 --> 00:49:36,719
grim mouse Stone take on this, and it's the panic

986
00:49:36,760 --> 00:49:38,599
thing and they're cutting.

987
00:49:38,360 --> 00:49:39,199
Speaker 3: Live to this.

988
00:49:39,920 --> 00:49:43,960
Speaker 1: They are never going to get the fact that they

989
00:49:44,320 --> 00:49:48,360
continue to show utter hatred for people who.

990
00:49:48,239 --> 00:49:51,360
Speaker 5: Are not them in the Musclebard media. I mean, I

991
00:49:51,360 --> 00:49:51,840
don't know.

992
00:49:52,360 --> 00:49:54,119
Speaker 4: This is a little bit off the beaten path. But

993
00:49:54,920 --> 00:49:59,480
I was watching a social media clip last night. Yeah,

994
00:49:59,519 --> 00:50:02,719
and there kind of protest somewhere. Yeah, and this, this

995
00:50:02,880 --> 00:50:08,119
white protester is going after this black guy wearing MAGA stuff.

996
00:50:08,199 --> 00:50:09,159
Speaker 5: No, this is out of Portland.

997
00:50:09,199 --> 00:50:12,280
Speaker 4: We ran this, yes, yeah, yeah, and telling him you're

998
00:50:12,280 --> 00:50:16,239
a despicable piece action, right, right, And he goes, you

999
00:50:16,840 --> 00:50:18,400
hate yourself, you have self loathing.

1000
00:50:18,440 --> 00:50:20,440
Speaker 3: And I'm listening to all of that and going.

1001
00:50:21,360 --> 00:50:26,039
Speaker 4: Because he's black and doesn't think like you, ruddy, you

1002
00:50:26,039 --> 00:50:27,559
know what we call that?

1003
00:50:27,559 --> 00:50:28,599
Speaker 3: That's racism.

1004
00:50:28,800 --> 00:50:30,920
Speaker 5: Right, you are a racist.

1005
00:50:31,280 --> 00:50:32,639
Speaker 3: Right, You're a racist.

1006
00:50:32,719 --> 00:50:36,440
Speaker 4: You are literally exactly because the black man, which you

1007
00:50:36,559 --> 00:50:40,760
have no experience, walking in his shoes, you're telling him

1008
00:50:40,760 --> 00:50:42,639
because he doesn't think like you.

1009
00:50:43,199 --> 00:50:45,840
Speaker 3: How was that different than Jim crow laws. Right?

1010
00:50:46,159 --> 00:50:48,719
Speaker 4: Jim crow laws were because they didn't look like us.

1011
00:50:49,159 --> 00:50:51,639
Now the new Jim Crow laws are just about if

1012
00:50:51,679 --> 00:50:52,800
you don't think like us.

1013
00:50:52,840 --> 00:50:54,400
Speaker 3: And right, it's the same thing.

1014
00:50:54,559 --> 00:50:57,280
Speaker 1: I saw that same clip, and Zach, I'm a Christian man.

1015
00:50:57,519 --> 00:51:00,320
I turned the other cheek. I don't want my flushed

1016
00:51:00,320 --> 00:51:03,000
heize up. I want to be in the spirit. But

1017
00:51:03,280 --> 00:51:05,599
I come from a time where if you as a

1018
00:51:05,639 --> 00:51:07,920
white dude went to a black dude and said, you

1019
00:51:07,960 --> 00:51:13,079
are a disgrace to your race. Where what you're saying

1020
00:51:13,159 --> 00:51:17,320
is I would like my butt kicked. Sorry, I mean,

1021
00:51:17,320 --> 00:51:19,679
and that's what you were saying. Or do you remember this?

1022
00:51:19,679 --> 00:51:21,920
This is the soft, bigger tree of little expectations. I

1023
00:51:22,000 --> 00:51:24,519
heard this once back when I was like six years old,

1024
00:51:24,559 --> 00:51:27,440
and my mom was so offended. And I didn't get

1025
00:51:27,440 --> 00:51:30,760
it because as a kid, a man said to a

1026
00:51:30,920 --> 00:51:34,000
black waiter at a hotel, we were there because my

1027
00:51:34,119 --> 00:51:36,440
aunties once a year would take us to a nice

1028
00:51:36,440 --> 00:51:37,360
place for dinner.

1029
00:51:37,199 --> 00:51:40,360
Speaker 5: Like fancy place. And a man said to a waiter

1030
00:51:40,400 --> 00:51:42,039
as he was giving him a cash chip, he said,

1031
00:51:42,039 --> 00:51:43,199
you're a real credit to your race.

1032
00:51:47,239 --> 00:51:51,239
Speaker 1: And my mom looked over there and got this red face,

1033
00:51:52,920 --> 00:51:54,360
and she I could tell.

1034
00:51:54,400 --> 00:51:56,199
Speaker 5: She said, sisters, what's wrong? She we'll talk about it later.

1035
00:51:56,199 --> 00:51:58,280
We'll talk about it later. And we got into the car.

1036
00:51:58,480 --> 00:52:02,119
What was wrong? He gave him a company? He did not, No,

1037
00:52:02,199 --> 00:52:02,639
he did not.

1038
00:52:02,719 --> 00:52:05,000
Speaker 1: As if one black man is the one person who

1039
00:52:05,039 --> 00:52:07,639
can get the get service right at a table.

1040
00:52:09,320 --> 00:52:12,440
Speaker 4: It's like, Hey, you're the only honest black man I've

1041
00:52:12,480 --> 00:52:12,880
ever met.

1042
00:52:12,960 --> 00:52:15,599
Speaker 1: Oh, I know that, you know what I mean, you're like, well,

1043
00:52:15,599 --> 00:52:18,119
that was the what was it Biden talking about?

1044
00:52:18,119 --> 00:52:20,559
Speaker 5: It was Biden talking about Obama man his storybook.

1045
00:52:20,599 --> 00:52:25,599
Speaker 1: I tell you he's clean, articulate, no discernible Negro accent.

1046
00:52:27,920 --> 00:52:30,559
Speaker 4: Or what he said to them. If if you don't

1047
00:52:30,599 --> 00:52:32,239
vote for me, you're not black, I vote for me.

1048
00:52:32,280 --> 00:52:35,239
Speaker 1: I'll tell you some of you you ain't black.

1049
00:52:35,320 --> 00:52:36,440
Speaker 3: By Son Hunter's black.

1050
00:52:37,639 --> 00:52:40,199
Speaker 5: I know, I know, well, we got off track.

1051
00:52:40,159 --> 00:52:44,719
Speaker 4: The the no, but the it's, it's the undercover racism

1052
00:52:44,760 --> 00:52:48,920
of it all is just astonishing. And yeah, we've even

1053
00:52:48,960 --> 00:52:51,480
had we've had to deal with some very minute issues

1054
00:52:51,519 --> 00:52:54,599
surrounding racial stuff at the kids' school.

1055
00:52:54,440 --> 00:52:55,239
Speaker 3: Very minute.

1056
00:52:55,719 --> 00:53:00,760
Speaker 4: But it it amazes me how bad words some of

1057
00:53:00,800 --> 00:53:04,400
the thoughts are on that side, especially on the left.

1058
00:53:04,440 --> 00:53:07,880
Speaker 3: It's unhinged. Yeah, but even even on the right. I just.

1059
00:53:10,800 --> 00:53:14,599
Speaker 4: We like the it's it is so reductive what we're

1060
00:53:14,639 --> 00:53:19,559
currently doing, because as we move forward as as a people,

1061
00:53:21,320 --> 00:53:24,719
everybody should the response to racism should you, So everybody

1062
00:53:24,760 --> 00:53:27,400
should quit caring about it, you know what I mean. Like,

1063
00:53:27,639 --> 00:53:30,440
I've always said that a hallmark of the end of

1064
00:53:30,519 --> 00:53:33,119
racism would be listening to a group, a diverse group

1065
00:53:33,159 --> 00:53:36,239
of kids talk and say the most horrific racial things

1066
00:53:36,239 --> 00:53:38,480
to each other and then crack each other up and

1067
00:53:38,559 --> 00:53:39,280
laughing about it.

1068
00:53:39,440 --> 00:53:39,679
Speaker 5: Yeah.

1069
00:53:39,880 --> 00:53:41,880
Speaker 3: And I'm not saying I want to hear that.

1070
00:53:41,960 --> 00:53:44,159
Speaker 4: I don't allow my kids to make racial What I'm

1071
00:53:44,159 --> 00:53:46,559
saying is when we get to a point where we

1072
00:53:46,559 --> 00:53:48,960
can laugh and joke about those differences, that's the end

1073
00:53:49,000 --> 00:53:51,599
of racism, not the memorializing of those differences.

1074
00:53:51,760 --> 00:53:53,679
Speaker 1: Yeah, well said super Well said. I was great to

1075
00:53:53,679 --> 00:53:55,960
get wise counsel from you, brother. Thank you for coming on.

1076
00:53:56,199 --> 00:53:59,719
It's Know Your riskpodcast dot com. Zach Abraham's work. This

1077
00:53:59,800 --> 00:54:02,400
is a Todd Herbert show. Please go, be well, be strong,

1078
00:54:02,519 --> 00:54:04,679
be kind, and go make every effort to walk in

1079
00:54:04,760 --> 00:54:05,559
the line of Christ.