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Speaker 1: So when I read things like this it says here

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the Fed just purchased twenty billion dollars in three year bonds.

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I think, you know what, I could call that dude

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who knows a guy from the store where he used

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to work and get an opinion, or maybe just a

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dude at the bank, or maybe someone who's a fund

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advisor but not a fiduciary. But no, I decided and

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said to call my friend and brother, zach Abraham into

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the studio. He is a fiduciary. He is the chief

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from decoxser of Browart Capital Management. He's ripped, he's ten,

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He's ready, he joins this courtesy of God Almighty, thank

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you link.

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Speaker 2: But Todd Herman show is one hundred percent disapproved by

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big pharma technocrats and tyrant's everywhere from the high mountains

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

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Speaker 1: Today is the day to me in decent the times

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s which God has decided wished to live in. Zach Abraham,

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aforementioned afour pitched, joins us, so good to see you,

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my brother, welcome.

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Speaker 3: Back, good to be back, good to be back.

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Speaker 1: Let us start with a minor little story something here

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about the Federal Reserve purchasing twenty billion dollars in three

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year bonds. I can't imagine that has any significance. It's

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not like they're injecting liquidity to cut interest rates. It's

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not like it's q E ten billion, is it? All

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those things?

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Speaker 4: Yeah, you know, I'll be honest with you. When I

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saw that headline is a little bit of a head

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scratcher to me, okay, And the reason why is because

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I don't so the FED meeting is happening right now

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as we speak, so Powell's i'm sure, explaining that, and

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our lead analyst is in there watching it, so as

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soon as I get off done with you, i'll know

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exactly what Powell said about it. The reason that was

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strange to me was because nobody's really worried about the

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front end of the curve. And what I mean by

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that is one one year bonds, two year, three year,

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five year.

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Speaker 3: That's not the issue.

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Speaker 4: The thing that everybody's been concerned about is the back end,

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so tens, twenties, and thirties.

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Speaker 3: So if you would have told me that.

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Speaker 4: The Fed bot twenty billion dollars worth of bonds, my

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guess is I would have guessed that it had been

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ten or thirty year treasuries.

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Speaker 3: Why they're buying three I don't know. I don't know.

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I don't know.

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Speaker 4: If that's them easing back into quantitative easing mode, because

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I do not think that we are going to get

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through the next year year and a half without serious

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interest rate cuts and probably running simultaneously quantitative easing.

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Speaker 1: So maybe that's let's make sure quantitative easing is conjuring money.

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Speaker 4: Yeah, so, so and and and it really is that simple,

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Todd Like, I'm glad you put it that way. It's

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this money isn't coming from somewhere, Matt, Like, it's not

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coming from anywhere real, right, They print the money.

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Speaker 3: They they well, they don't print it.

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Speaker 4: They push a button on their computer and put dollars

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in an account. They then take those dollars that they

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just created or conjured, as you said, and they buy

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treasuries from the banks.

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Speaker 3: That's that's what they do. So I don't know.

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Speaker 4: And the amount is kind of odd too, Like I

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said to me, there's it feels symbolic. I'm just not

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understanding exactly what kind of symbolism they're trying to get

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across here, other than the fact that they're to me maybe,

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And again that's why I'm interested to hear what Pal

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has to say.

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Speaker 3: And now he explains it.

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Speaker 4: But to me, it's probably most likely move to just

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reassure the markets and say the fat as you're back a.

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Speaker 1: Can that's that's that's that's certainly from a financial explanation.

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I will always always uh seed you the expertise financially.

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Let me offer just a tiny little thought. So we

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had President Trump criticizing Powell, criticizing the FED, saying he's

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constantly late. He's pathetically late late to the party. Should

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be cutting interest rates now, should have done it ten

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weeks ago. He's late, Larry Powell. So I could see

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this is Pal going. You know what, I can do

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whatever I want to do. I can buy the front

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under the curve. I'm completely independent. When I conjure money.

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It's debt to the American people, but it's money to us.

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So you know, hey, don I don't work for you.

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Speaker 3: Yeah.

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Speaker 4: Yeah, he can the other thing too, though it could

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just as easily be the flip side of it.

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Speaker 3: Okay.

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Speaker 4: Yeah, And here's why I say that, because when you

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look at where the FED is and what they've communicated

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thus far, they have not met their own criteria that

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they have stated themselves for additional rate cuts. And when

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you consider where you're at right now in terms of

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where inflation is, where we're at in that battle, there is.

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Speaker 3: A fear, and I think it should and I think.

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Speaker 4: It's an appropriate fear by the FED to adjust rates

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too early and reignite inflation. So you, I think it

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probably is either your version or mine. I think that's

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probably what he occurred here. It's either him trying to

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show Trump I'll do whatever I want and asserting his independence,

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or it's him saying, look, we can't justify a rate

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cut right now, but we're very concerned by what's going on.

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Speaker 3: So we're going to give kind of a rate.

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Speaker 4: Cut light, if you will, a kind of a gentle

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caressing of the market, telling them what here.

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Speaker 1: If people don't have the video version of the show,

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they just meant you, they just missed you, gently caressing

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Larry Powell is so, Larry, I love your curves and

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this smell of you.

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Speaker 3: Yeah so, And that's that's that's what I think. It's

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either one of those two.

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Speaker 4: My suspicion is it's the second meaning, this is an

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effort for them to say, look, we know that what

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is currently happening is probably restricting liquidity to some degree.

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It's it's certainly increasing friction and financial markets. We again,

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we haven't met our own stated criteria to start cutting yet.

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But what we'll do is we'll just do a little

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bond purchase, try to squeeze a little more liquidity into

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the system. But again, the fact he bought twenty billion

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and the fact that it were three years makes me

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believe it's more of a symbolic move, just reminding the

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markets that the Fed's there.

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Speaker 1: Okay, fair enough, there is a there's an ad that's

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come out for and that. Man, this is smart. This

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is how you use a celebrity endorsement. Without using this celebrity,

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you only hint at the celebrity. And this happens to

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be a political celebrity, a celebrity, and someone who is

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antagonistic to everything that is right, proper, good and godly

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in America, and happens to be one of the most

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obviously corrupt public so called public officials ever. So I

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want to show this to Zach and run us through

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some of the inside lingo here and let's pieces s

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part together. But let me say something here. She represents

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a truly perverse and corrupt portion of a world where

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there are good people in There's some good people in politics.

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I was just down in a Benawah County, a Saint Mary's, Idaho.

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Those are good people. You know, former loggers. What's you know?

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How cool it is to meet a guy who's been

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a state rep for twelve years and prior to that

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he drove a logging truck and like on the weekends,

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he still drives them. You know what I'm saying. So

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love it. There is an industry, the supplement industry, and look,

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there are some snakes in that industry and they're in

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and out and they can hurt people. They sell junk products.

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Then there's bio Optimizers that has been in this for decades.

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Why do they last because they do the right thing.

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They just improved mass times. Literally, this is one of

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their benchmark products. This is a product I use to

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rely to digest proteins. And when I do that, that

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helps me not just not just be not bloated and

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not just sleep better, It helps maintain lean muscle because

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you are stewarding the lean muscle in your body. And

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it can even help you put on muscle because it

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breaks the proteins down better into amino acids, which is

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the building block of muscle. It's not protein. Amino acids

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are so it's Biptimises dot com slash tod promo code tod.

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You get tempercent off all their products and skip the

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thinking about it. If you care about muscle composition and

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stewarding the body, God gave you your lean muscle that

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you have now, just subscribe to mass Sims Bibtemises dot

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com slash tod promo code TOD. Mass sims is now

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thirty percent more potent Bibtemisers dot com slash todd promo

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code tod. And there's some of the good actors in this. Okay,

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so Zach. This is a company that see autopilots and

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I'm saying it join autopilots. I'm saying it because they

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did a smart thing. This is a great ad. And

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here it is. This is someone who looks a lot

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like well, I'll let you decide who she looks like.

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Speaker 5: What is my perfect trade? I get the tip at

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three fifty eight. Market closes in two Do I buy Apple, Nope,

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I buy a defense contractor more subtle. Next day, war

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breaks out, stock triples. The Ethics Committee calls, how did

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you know? I say, gut feeling. They respect that. As

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I'm selling. A lobbyist walks in. He says, that was

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my intel.

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Speaker 3: I say, was it.

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Speaker 5: We spend the weekend at Camp David. No one's there.

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It's romantic. Monday market's back in session. I tell him

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to meet me in the Caymans, but I go to Switzerland.

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I don't trust him. Besides, tax laws are better. Thirty

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years later, I get a letter. I have a son.

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He runs the SEC. This is where the story gets interesting.

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I tell the lobbyist to meet me at the Lincoln

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Memorial midnight. Turns out he's been following my trades for years.

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Through Autopilot. It lets you invest like a politician without

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marrying one. He says he needs one more tip. I

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don't care. I don't show up. Flew to Singapore. That's

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where I set up. The shell company shoots.

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Speaker 1: That the most gorgeous ads for a financial that you've

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ever seen.

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Speaker 3: I said, yeah, that's brilliant. It's brilliant. I love it.

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Speaker 4: It's absolutely brilliant and yeah, I just like and the

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fun Yeah, the funny thing about it is, I don't

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think it's I mean, you know, I'm sure there's some embellishments,

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but I don't think it's that far off.

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Speaker 3: It's not that far off.

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Speaker 1: I don't either. And even the part about the kid,

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and there's no there's no proof that this person who

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looks a lot like what's your name? Uh from San

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Francisco and she's got like a two hundred and fifty

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million networth and.

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Speaker 3: Dance stan see yeah, dance something like that.

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Speaker 1: Yeah, oh yeah, right the queen of the blow out

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where yeah, yeah, right during the COVID wherever you had

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to wear the mask shot?

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Speaker 4: Oh Pelosi, yeah Pelosi, Yes, Nancy, I knew it was

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something like that.

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Speaker 1: There's no proof that she has an illegitimate kid from

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a defense industry of lobby. It's but there's no proof

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that she doesn't. And that's a negative you should have

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to prove. Is it that murky? Is it that filthy?

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Because if I'm looking at the networks of these guys,

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I'm falling their trades. I'm just in the Nancy Polosi stock picker.

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Would they really do it that obvious? That every single

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human being can see it.

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Speaker 4: What I can tell you is that if we put

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up similar returns, we'd have the sec all over us.

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And seriously, yeah, and and and it's it's it literally

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is here's and here's the thing people need to understand

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about investing.

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Speaker 3: And when you say stuff like this, people.

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Speaker 4: Are kind of like, well, you don't know that when

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you look at somebody that generates the kind of returns

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that these people do year in and year out in

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excess of market returns, one of two things has to

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be true.

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Speaker 3: These people are either on.

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Speaker 4: The level of a stand Ruck and Miller a buffet

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or like Jim Simon's at Renaissance Technology, which you know,

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I just described three of the best people to ever

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manage money in history.

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Speaker 3: Or it's fraud.

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Speaker 4: That's pretty simple, just yeah, just plain and simple and

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and a good analogy of this, a good way to understand.

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This is one of the hallmarks of Bernie. Uh why

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am I Bernie made off? Bernie made of one of

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the hallmarks of that whole deal. It wasn't the amounts

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that he was making. It was the lack of volatility,

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the smooth returns. Now, now their returns aren't the same.

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But I'm using this as an analogy, and guy like,

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yeah pyramid, yeah yeah, his was just straight fraud, I

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mean straight Ponzi's scheme, like it wasn't even investing the

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money and the things he said he was investing it in.

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Speaker 3: But the way you could tell is when I look

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at returns.

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Speaker 4: I can't just look at somebody's returns automatically and go, okay,

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that's fraudulent. But but when I look at the returns

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and I don't don't see any volatility, that is a tell.

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Speaker 2: Okay.

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Speaker 4: And meanwhile, and why because you know, look at a

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look go look at a company like Nvidia when it

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went on its great run. Yeah, okay, it had days

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where it got smacked. It had weeks where it was

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down ten to fifteen percent, right, and yet you go

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to the end of it, and if you held on

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that whole time, you.

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Speaker 3: Made a pile.

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Speaker 2: Right.

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Speaker 4: Those types of there's no trader in the world that

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can that can anticipate that type of volatility on a

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daily day, on a daily basis.

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Speaker 2: Right.

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Speaker 3: So when you see smooth returns, the same is true

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when you see somebody that doesn't have.

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Speaker 4: Like for instance, they're not somebody like stand Ruck and

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Miller that has a history of making these.

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Speaker 3: Trades and doing these things.

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Speaker 4: They don't have a software setup or a computer setup

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like Jim Simon's does at Renaissance Technology that helps explain that.

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Speaker 3: And yet you've got market.

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Speaker 4: Beating returns with fantastically timed trades all over the place.

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It just I like, if you just looked at that

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on the surface of it, somebody that knew what they

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were doing, anybody would they would just go something's off here.

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Speaker 1: Okay, now let me get to a specific here, because

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I want to make sure people understand this. I know

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what you're saying is true obviously, and I know it

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makes sense, but let me I want people to understand this.

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If you and I let's say that we're down in

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Mexico together, Okay, we're hanging out. Let's say we're having

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dinner and gentlemen sits down and says, say, mind if

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I join you? Right, And so it's a public place. Hey, yes,

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you have a seat reving tacos. We start to visit,

283
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and turns out let's say that he is a let's

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say he's a pharma exec, you know, so he looks

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at me. I'm suddenly suicided. Sorry, I mean not really,

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because you know, Farmer loves me. But let's say we

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sit and listen, and he says, yeah, you know what,

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I work for a pharmaceutic pharmaceutsic company, a you know

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a funny thing. On Monday, we are releasing a drug

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that has been proven secure lung cancer. And here's the

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you know, the profile, the safety profile. And he says

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that to us. Now, I could walk out of there, Zach,

293
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and I could, I guess, go purchase stock in that

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company if I believe that what this guy's saying. And

295
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I'm okay. But if you went back and, as a

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fiduciary and a fund manager at Bulwark, if you started

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to use that inside information, are you at that point

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in trouble or is that casual enough that you're okay?

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Speaker 4: What did he so remind me? Did he give me

300
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any material information?

301
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Speaker 1: Yes? So he said, we're releasing this on Monday. Here's

302
00:15:28,039 --> 00:15:30,720
the safety profile, some of the testing. Let me show

303
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you on my phone and say, I'll text you some

304
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things and you can look at it yourself.

305
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Speaker 3: You you both you and I can't do that?

306
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Speaker 1: Wait I can't in No, nope, nope, just a dude

307
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from Idaho with a podcast and a couple of national

308
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radio shows.

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Speaker 4: I can't yep the second the second that news release

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is out, you can act, but not one second prior

311
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to that.

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Speaker 1: Wait wait wait, wait wait, I thought that applied to you,

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but not just ordinary shoe that I happened to come

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across something.

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Speaker 3: Okay.

316
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Speaker 1: If I'm on an airplane and I'm sitting next to

317
00:16:03,120 --> 00:16:05,639
that guy and he's not good at OPSEC and he's

318
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working on stuff, and I happen to look over an

319
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eagle eye and I'm spying, and I realized, oh wow,

320
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that drug's coming out Monday. They have a press release.

321
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That safety profile looks solid. If I took that and

322
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bought it, then I'm just a spy and I'm okay

323
00:16:18,360 --> 00:16:22,799
because he didn't give it to me. Wait wait, wait, no,

324
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it's not yep.

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Speaker 3: That's because it's no public information.

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Speaker 1: That's illegal. Yeah, well they do this, they're told these things.

327
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Speaker 4: Yeah yeah, no, no, Look, and we've got all the

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transcripts in the proof. Remember it's the people coming out

329
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of the Banking Committee meetings in O eight, O nine,

330
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And within five minutes leaving the Banking Subcommittee meeting, they're

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all selling their financial stocks.

332
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Speaker 2: Right.

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Speaker 1: I've told the story very often, so I'll give the

334
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short version. I was in DC and Barney Frank, Congressman Frank,

335
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was giving a speech before me. Congressman Frank was asked

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a question. It was to DC powerbrokers, colms guys, VP, comms,

337
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spin doctors, PR firm heads, journalists, and someone raised their

338
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hand and Frank called on them and he said, yeah, Congressman,

339
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you know there was a discussion this morning about Greek

340
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bonds and committee. Can you tell us where that went?

341
00:17:24,960 --> 00:17:29,039
Barney Frank, Well, you know, I can't really disclose that information.

342
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It's part Fauci, part Barney Frank. I can't really, you know,

343
00:17:32,359 --> 00:17:34,720
disclose that, but I would say this, if I were

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a rich man, I would be buying Greek bonds because

345
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as of about a half hour ago, Greece is a

346
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visually too big to fail. So he says this. I

347
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get up and I'm my friend Trevor had me there,

348
00:17:47,920 --> 00:17:50,920
and I get to the microphone. I've got my BlackBerry out.

349
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I go, I'm so sorry. I know this is very

350
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very rude. I'm so sorry. I apologize typing away. I'm sorry.

351
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Just one more minute, okay, all right, I just bought

352
00:18:02,839 --> 00:18:05,400
Greek bonds. Let's hear it for insider Trading and Congressman

353
00:18:05,440 --> 00:18:09,359
Barney Frank. Here everybody insider trading and Congressman Frank. And

354
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the room starts to plot and Barney Frank is in

355
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the back of the room and he gives me the

356
00:18:14,519 --> 00:18:17,279
and he gives me the he hated my guts. I

357
00:18:17,319 --> 00:18:19,599
confronted him another time because he was triple park because

358
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he's going into a liquor store and he told me

359
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f off because they said, hey, Congressman, you're blocking the

360
00:18:24,680 --> 00:18:27,839
little people's getting the work. You're triple parked. So he's

361
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in the back of the room and the room is

362
00:18:29,519 --> 00:18:33,319
legitimately applauding, let's hear it for insider trading and Congressman Frank.

363
00:18:33,359 --> 00:18:36,720
And then they're plotting and somebody goes, idiots, he's making

364
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fun of us.

365
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Speaker 4: Yeah, well, I was gonna say, if I would have

366
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got flipped off by Barney Frank, I would have hoped

367
00:18:45,240 --> 00:18:47,640
somebody would have caught it on film because I'd have

368
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taken that image and put it on a T shirt

369
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and warn it with pride. I got flipped off by

370
00:18:53,559 --> 00:18:56,720
Barney Frank, I would have been I would even proud.

371
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Speaker 3: That's a bad. That's a bad to honor my friend.

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Speaker 1: Well, I thank you for that. And my friend Trevor

373
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wasn't a fan of what I did, but they were

374
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plotting it.

375
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Speaker 4: So okay, Zach, so let me let me let me

376
00:19:09,440 --> 00:19:11,799
throw something, all even all throw something. I'll give you

377
00:19:11,839 --> 00:19:13,799
a real life scenario exactly what I'm talking about.

378
00:19:13,839 --> 00:19:18,599
Speaker 1: Okay, dude, that okay, yet, watch this. I have some

379
00:19:18,680 --> 00:19:23,319
inside information on bone Frog Coffee. Okay, listen now, listen up.

380
00:19:24,839 --> 00:19:29,640
So Tim created the Golden Edge bag to you know,

381
00:19:29,759 --> 00:19:33,960
care for the Trump economy. It's going away. So here's

382
00:19:34,000 --> 00:19:36,440
the deal. Yeah, I know, it's a limited time. It's

383
00:19:36,440 --> 00:19:38,920
a beautiful bag. It recognizes the Trump economy is called

384
00:19:38,920 --> 00:19:41,799
Golden Age, and it's limited time, and the time is

385
00:19:41,839 --> 00:19:44,599
coming to a close. So you and I we could

386
00:19:44,799 --> 00:19:46,480
corner the market. We could buy a bunch of this

387
00:19:46,559 --> 00:19:48,559
and resell it at a markup and a profit. We

388
00:19:48,599 --> 00:19:51,680
could probably sell something back to Tim. So it's Bonefrog

389
00:19:51,720 --> 00:19:54,799
Coffee dot com slash Todd promo code Todd use Homo

390
00:19:54,839 --> 00:19:56,880
coode Todd to get teen percent a first purchase fifteen

391
00:19:56,880 --> 00:20:00,559
percent off subscription coffee. It's Golden Age all right, make sure.

392
00:20:00,839 --> 00:20:03,920
In fact, Alex removed that later from the show because

393
00:20:03,960 --> 00:20:05,960
I wanted Zach and I to have just the inside.

394
00:20:07,759 --> 00:20:09,039
Speaker 3: I'm calling my trader.

395
00:20:08,759 --> 00:20:09,839
Speaker 1: All right, you're on the phone.

396
00:20:10,079 --> 00:20:12,720
Speaker 3: Yeah, Blue Horseshoe loves bone Frog cotton.

397
00:20:13,079 --> 00:20:13,960
Speaker 1: Yeah, is it?

398
00:20:13,960 --> 00:20:16,599
Speaker 4: Blue Horseshoe loves Andy cutt of steel, all right, Endicott

399
00:20:16,640 --> 00:20:17,599
steel and Cite steel.

400
00:20:17,599 --> 00:20:20,240
Speaker 1: So so take me through what you were gonna say.

401
00:20:20,400 --> 00:20:22,359
Speaker 4: So just to give you an idea of how this

402
00:20:22,480 --> 00:20:27,319
has looked at. Okay, So one of our traders during

403
00:20:28,079 --> 00:20:29,960
I think it was, was it twenty I think it

404
00:20:29,960 --> 00:20:32,400
was during twenty twenty two, when when rates were going

405
00:20:32,480 --> 00:20:37,200
up and the market was getting cracked, and one of

406
00:20:37,200 --> 00:20:40,480
our traders came to me and said, hey, my dad's

407
00:20:40,519 --> 00:20:43,759
account is with us. We want to make some very

408
00:20:43,920 --> 00:20:48,599
aggressive short vets against this market. And I said, okay,

409
00:20:48,640 --> 00:20:50,039
we'll put them on the phone. So I talked to

410
00:20:50,200 --> 00:20:52,599
the dad and I said, look, you you understand what

411
00:20:52,640 --> 00:20:55,119
the trades you're making. You could lose everything. He goes, Yep, yep,

412
00:20:55,200 --> 00:20:58,079
we know. And to be fair, my traders very experienced,

413
00:20:58,200 --> 00:21:00,680
very good trader, you know. So, but they were doing

414
00:21:00,680 --> 00:21:01,400
some risky stuff.

415
00:21:01,480 --> 00:21:05,599
Speaker 3: Yeah, he had. He's a very good trader, and in

416
00:21:05,640 --> 00:21:07,920
the space of eight months ran.

417
00:21:07,839 --> 00:21:10,039
Speaker 4: His dad's account from about two hundred and fifty grand

418
00:21:10,119 --> 00:21:14,599
up to like one point three million. Okay, wow, we

419
00:21:14,640 --> 00:21:18,440
got investigated for over a year for that, for that

420
00:21:18,759 --> 00:21:21,960
over and it got flagged because of the gains, right,

421
00:21:22,039 --> 00:21:25,680
the outsize gains in one account, not in my personal account,

422
00:21:25,880 --> 00:21:30,279
not in my family's accounts, And it literally was stuff

423
00:21:30,319 --> 00:21:33,039
that when you looked at the trades themselves, it was

424
00:21:33,079 --> 00:21:36,200
impossible for us to do anything untoward, Like it was impossible.

425
00:21:36,319 --> 00:21:37,319
Speaker 3: We were trading.

426
00:21:37,079 --> 00:21:40,359
Speaker 4: Volatility on the exchange, so no inside information could be had.

427
00:21:40,880 --> 00:21:44,880
They I got a year's worth of an investigation just

428
00:21:44,960 --> 00:21:47,079
on the amount of profit we made in a small account.

429
00:21:47,240 --> 00:21:49,400
And that's a one point three million dollars account we

430
00:21:49,440 --> 00:21:53,519
managed between eight nine hundred million. So now am I

431
00:21:53,599 --> 00:21:55,640
saying they shouldn't have looked at that? Now? I mean,

432
00:21:55,680 --> 00:21:58,119
when you see a return like that, I mean, but

433
00:21:58,279 --> 00:22:00,960
what I'm saying is their look looking at that in

434
00:22:01,039 --> 00:22:04,559
shops that are as relatively as small as ours, And

435
00:22:04,599 --> 00:22:06,319
we're not small, but you know, we're right around a

436
00:22:06,319 --> 00:22:08,400
billion in assets, so we're not We're not a big deal.

437
00:22:08,440 --> 00:22:09,680
Speaker 3: By any stretch of the imagination.

438
00:22:10,200 --> 00:22:13,960
Speaker 4: But if that gets that kind of consternation, it kind

439
00:22:13,960 --> 00:22:16,759
of gives you an idea of how egregious what's happening

440
00:22:17,200 --> 00:22:17,960
at DC is.

441
00:22:18,440 --> 00:22:23,720
Speaker 1: Oh. I mean, they sit in conferences looking at the

442
00:22:24,359 --> 00:22:27,759
minute level of detail of these products and these deals

443
00:22:27,799 --> 00:22:30,319
and how many units are going to ship. They're looking

444
00:22:30,400 --> 00:22:34,680
at length of contract because if they're approving these things,

445
00:22:34,720 --> 00:22:39,319
these big international deals, Defense department deals, pharma deals, anything

446
00:22:39,359 --> 00:22:43,519
that's international trade, they're looking down to unicosts. And I

447
00:22:43,559 --> 00:22:46,519
got to imagine there's no way Pelosi's looking at that stuff.

448
00:22:46,960 --> 00:22:49,720
She's getting that information. This looks big. You know, She's

449
00:22:49,720 --> 00:22:52,279
bringing in people to look at this. She's got her chads,

450
00:22:52,920 --> 00:22:56,440
she's got her analysts that are looking at this. Oh

451
00:22:56,519 --> 00:23:00,039
my gosh. Okay. I knew this was outside because I

452
00:23:00,079 --> 00:23:02,160
remember when I was at Microsoft, I had done some

453
00:23:02,200 --> 00:23:04,400
consulting for a company and I won't I won't mention them,

454
00:23:04,440 --> 00:23:10,799
but they had software for making videos easier to see online.

455
00:23:10,920 --> 00:23:12,920
So it might be something that you can install on

456
00:23:12,960 --> 00:23:15,119
a website, you know, to make it super easy for

457
00:23:15,200 --> 00:23:18,720
video to load. And people who know no Microsoft was

458
00:23:18,759 --> 00:23:20,440
they bought them, and they screwed the company up, but

459
00:23:20,480 --> 00:23:23,599
they bought them. And I had consulted that company, and

460
00:23:23,680 --> 00:23:25,759
I got a waiver from Microsoft that I could still

461
00:23:25,960 --> 00:23:29,680
be on their advisory board. The second it came out

462
00:23:29,720 --> 00:23:31,400
that they were going to they were going to purchase

463
00:23:31,480 --> 00:23:34,440
that firm, I got a note from legal. You need

464
00:23:34,480 --> 00:23:38,400
to sell your shares. Yep, yep. Wait a minute, Wait

465
00:23:38,440 --> 00:23:43,400
a minute. I don't get to take a ride on. No, No,

466
00:23:43,480 --> 00:23:46,240
you need to sell now. So I'm not even I'm

467
00:23:46,240 --> 00:23:49,200
not even all I am is advisory board, which is nothing.

468
00:23:50,000 --> 00:23:50,200
Speaker 3: Yep.

469
00:23:50,240 --> 00:23:53,519
Speaker 1: They have a specific Nope, you have to sell. And

470
00:23:53,680 --> 00:23:56,599
I lost out on a four or five time value

471
00:23:57,039 --> 00:24:02,200
lift on the right, and Nancy Pelosi and these and these,

472
00:24:02,359 --> 00:24:07,000
these these Republicans who do this, they can have that

473
00:24:07,039 --> 00:24:13,079
minute of detail trade on time magically, and this is

474
00:24:13,079 --> 00:24:15,079
why they gave themselves a waiver of to insider trading.

475
00:24:17,559 --> 00:24:18,440
Speaker 3: Yep, yep.

476
00:24:18,480 --> 00:24:21,920
Speaker 4: And that's and and you really it's really not the

477
00:24:22,200 --> 00:24:24,359
other thing is it's really not more complex than that either.

478
00:24:25,119 --> 00:24:28,480
The bottom line is they play by completely different rules.

479
00:24:28,720 --> 00:24:30,960
Speaker 3: And if you and I did what they did, we'd

480
00:24:31,000 --> 00:24:31,480
go to jail.

481
00:24:32,759 --> 00:24:34,640
Speaker 4: We we wouldn't just we we wouldn't just we wouldn't

482
00:24:34,680 --> 00:24:37,160
just get our money taken. We'd forego any profits that

483
00:24:37,200 --> 00:24:38,720
we made, right, and we go to jail.

484
00:24:39,000 --> 00:24:41,200
Speaker 3: I go to jail. You might get off me because

485
00:24:41,240 --> 00:24:42,079
you're not a professional.

486
00:24:42,119 --> 00:24:44,759
Speaker 4: But that didn't that didn't save uh you met me,

487
00:24:44,799 --> 00:24:47,799
save Martha Stewart. Yeah, well no, no, yeah, screw yeah,

488
00:24:47,839 --> 00:24:48,319
never mind.

489
00:24:48,519 --> 00:24:51,400
Speaker 3: Yeah, you'd be done. Yeah, you'd yeah, you'd be done.

490
00:24:51,480 --> 00:24:53,880
Speaker 1: I'd be Frog march Man. They roll heavy in my house.

491
00:24:54,559 --> 00:24:58,519
Speaker 4: Yes, So it's yeah, it's just it's just corruption, plain

492
00:24:58,559 --> 00:25:01,000
and simple and there.

493
00:25:01,200 --> 00:25:03,400
Speaker 3: Yeah, it's it's disgusting, all right.

494
00:25:03,440 --> 00:25:05,319
Speaker 1: So we're gonna get into something here in a bit

495
00:25:05,599 --> 00:25:11,799
about a coin, a meme coin, so it's crypto. And

496
00:25:11,960 --> 00:25:15,079
this person introduced this mean coin, even told people to

497
00:25:15,119 --> 00:25:18,079
not buy it, and people bought it, and we need

498
00:25:18,079 --> 00:25:20,039
to talk about this. But before we get to this

499
00:25:20,119 --> 00:25:22,799
is complex and it has to do with the Democrats

500
00:25:22,839 --> 00:25:24,839
want the FED to be absorbed by the Treasury, and

501
00:25:24,880 --> 00:25:26,119
I want you to weigh in on this in just

502
00:25:26,119 --> 00:25:28,839
a second here, Zach and Zach and I are going

503
00:25:28,839 --> 00:25:33,640
to be down in Portavarto, Mexico in early June, and

504
00:25:33,640 --> 00:25:35,200
I'm going to be coming back from a trip to

505
00:25:35,240 --> 00:25:37,039
Mississippi by the way, because I'm gonna be out there

506
00:25:37,039 --> 00:25:39,000
and I'm gonna come down and we're gonna hang out

507
00:25:39,000 --> 00:25:41,200
down there. Zach and his wife are getting treatment at

508
00:25:41,200 --> 00:25:44,440
Renew Renew Dot Healthcare. I am this time. I'm gonna

509
00:25:44,440 --> 00:25:48,599
hang out in the hyperback therapy room. I'm gonna take

510
00:25:48,599 --> 00:25:50,000
some of the shipments. I'm not gonna get semsols. I

511
00:25:50,039 --> 00:25:52,680
don't have any need for them right now. But you

512
00:25:52,720 --> 00:25:54,200
and are going to be hanging out down there. If

513
00:25:54,240 --> 00:25:56,839
you happen to be going down to Renew, go down now,

514
00:25:57,200 --> 00:25:58,640
you know, but that means get your m right to

515
00:25:58,680 --> 00:26:01,279
those guys getting reviewed and Zach and I would love

516
00:26:01,319 --> 00:26:03,400
it if when we got down there, there were a

517
00:26:03,440 --> 00:26:05,160
bunch of people who are in the pipeline now and

518
00:26:05,200 --> 00:26:06,839
we can go out and have dinner and I'll buy

519
00:26:06,839 --> 00:26:10,319
the first dinner, and then when the four hundred people

520
00:26:10,359 --> 00:26:14,319
show up, Zach will buy the second time. So I'll

521
00:26:14,359 --> 00:26:16,119
take care of the first one. With a couple of folks.

522
00:26:16,920 --> 00:26:17,359
Speaker 3: There you go.

523
00:26:17,640 --> 00:26:20,920
Speaker 1: We're gonna be down there together Renew and I've been

524
00:26:21,000 --> 00:26:26,480
taking inventory. We're putting together a list of conditions we've helped. Okay,

525
00:26:26,599 --> 00:26:30,119
so hemispherical paralyzation person was told you're going to spend

526
00:26:30,119 --> 00:26:32,160
your life in a wheelchair. That turned out not to

527
00:26:32,200 --> 00:26:35,079
be true. The arthritis you have in your hands is

528
00:26:35,119 --> 00:26:37,559
an incurable type. It's just going to get worse, so

529
00:26:37,599 --> 00:26:41,880
we can mitigate the pain, but not the function. Not true.

530
00:26:41,920 --> 00:26:44,440
That shoulder is going to have to have surgery. You'll

531
00:26:44,440 --> 00:26:50,000
never get mobility back without surgery. Not true. We had

532
00:26:50,160 --> 00:26:56,559
the you cannot slow down this muscle wasting disease. Not true.

533
00:26:56,960 --> 00:26:58,920
So why isn't this allowed up here?

534
00:26:59,599 --> 00:26:59,880
Speaker 3: Well?

535
00:27:00,119 --> 00:27:03,880
Speaker 1: Corruption, there's a medical system that doesn't want this. There's

536
00:27:04,039 --> 00:27:09,079
really legitimately good doctors who do not understand when they

537
00:27:09,119 --> 00:27:11,519
give you your own stem cells that that doesn't really

538
00:27:11,559 --> 00:27:15,160
do much for you. They'd't understand that the process of

539
00:27:15,240 --> 00:27:19,640
rejecting eighty percent of the umbilical cords, they get eighty

540
00:27:19,680 --> 00:27:22,680
percent of them means they ogly work with the most quality.

541
00:27:22,720 --> 00:27:26,440
Then they multiply them, they culture them so they get

542
00:27:26,519 --> 00:27:29,839
more quality cells in your body immediately. The combination of

543
00:27:29,839 --> 00:27:32,880
that and the h BOT therapies, the NAD therapies, the

544
00:27:32,960 --> 00:27:35,920
Meyers drip that their next door to or world class hospital.

545
00:27:36,119 --> 00:27:38,960
Oh and not to mention, they've saved three people's lives

546
00:27:39,400 --> 00:27:42,160
who went there for stem cells and ended up getting

547
00:27:42,279 --> 00:27:44,960
heart surgery that next day because they were going to die.

548
00:27:45,599 --> 00:27:48,440
So it's renewed dot healthcare. E you e dot healthcare

549
00:27:48,480 --> 00:27:50,319
if you can get down there in early June again,

550
00:27:50,319 --> 00:27:52,759
and I mean it, I'll buy the first dinner. And

551
00:27:53,039 --> 00:27:54,720
I'm sure you know. I don't mean to speak for you,

552
00:27:54,759 --> 00:27:57,000
but I know you to be a good and generous man.

553
00:27:57,039 --> 00:27:59,079
I'm sure you would buy the second dinner, and I

554
00:27:59,079 --> 00:28:01,359
would love to. I'm sure that you would thank you

555
00:28:01,400 --> 00:28:04,119
for that. It's renewed or and you e dot Healthcare.

556
00:28:04,160 --> 00:28:08,720
Here's something that apparently the FED wants to do. They

557
00:28:09,359 --> 00:28:11,440
the Democrats actually want the Fed to be absorbed by

558
00:28:11,440 --> 00:28:12,119
the treasury.

559
00:28:12,400 --> 00:28:15,200
Speaker 6: The progressive you know, want to absorb the fat into

560
00:28:15,200 --> 00:28:16,319
the treasury.

561
00:28:17,119 --> 00:28:20,400
Speaker 1: Right it again? You think the truth? Yeah, because they

562
00:28:20,400 --> 00:28:21,799
want to they.

563
00:28:21,680 --> 00:28:25,279
Speaker 6: Want a central bank digital currency soak everything up from

564
00:28:25,319 --> 00:28:28,839
the banks, which they don't like. Then the central bank

565
00:28:28,880 --> 00:28:31,440
will have all the money and they'll, you know.

566
00:28:31,440 --> 00:28:32,759
Speaker 3: Find who to lend it to.

567
00:28:32,960 --> 00:28:35,400
Speaker 6: And there there are various levels of these plans, but

568
00:28:35,440 --> 00:28:37,119
that's an idea of been floating out there for a

569
00:28:37,160 --> 00:28:40,920
long time, and central bank digital currencies in some form

570
00:28:41,000 --> 00:28:44,440
maybe stable coins, are coming. If we had stable coins

571
00:28:44,440 --> 00:28:48,000
that are treasury back, it does the same things.

572
00:28:47,480 --> 00:28:50,440
Speaker 1: Ken Rogoff, who is an economist, he was on CNBC.

573
00:28:51,680 --> 00:28:56,359
So the FED, which is not a government agency, it's

574
00:28:56,440 --> 00:28:59,599
an independent agency. It's a country unto itself that conjures

575
00:28:59,680 --> 00:29:02,319
debt and then calls it money and then gives it

576
00:29:02,319 --> 00:29:06,640
to the Treasury, would be absorbed by an actual government body,

577
00:29:07,160 --> 00:29:11,240
which is the Treasury, and we would then have a

578
00:29:11,279 --> 00:29:13,880
central bank digital currency, which we already do. You wire

579
00:29:13,920 --> 00:29:17,039
money that's digital currency, is not a central bank digital currency.

580
00:29:17,759 --> 00:29:22,440
You wire money, ach transfer that's digital, venmo that's digital.

581
00:29:23,480 --> 00:29:28,240
So how on earth can a government agency absorb a

582
00:29:28,240 --> 00:29:31,640
non government agency and then still pretend the FED is independent?

583
00:29:32,559 --> 00:29:33,200
Speaker 3: Oh they can't.

584
00:29:33,279 --> 00:29:36,240
Speaker 4: I mean, in the minute that happens, any illusion of

585
00:29:37,240 --> 00:29:41,039
or I shouldn't say illusion, but any thoughts surrounding FED

586
00:29:41,039 --> 00:29:42,960
independence are immediately vaporized.

587
00:29:42,960 --> 00:29:44,160
Speaker 3: I mean, that's yeah.

588
00:29:44,720 --> 00:29:48,960
Speaker 4: And the other thing too, is that there's really no

589
00:29:49,240 --> 00:29:53,960
need to do that. I think it is a horrific

590
00:29:54,039 --> 00:29:55,960
idea on so many different levels.

591
00:29:57,559 --> 00:29:58,799
Speaker 3: But the only.

592
00:29:58,559 --> 00:30:01,640
Speaker 4: Reason and I haven't looked into that. That's the first

593
00:30:01,640 --> 00:30:03,000
time I've heard that quote.

594
00:30:03,400 --> 00:30:03,799
Speaker 3: I haven't.

595
00:30:03,839 --> 00:30:07,839
Speaker 4: I haven't looked into this, but the only reason I

596
00:30:07,880 --> 00:30:12,000
can come up with why progressives would support that is

597
00:30:12,160 --> 00:30:14,680
purely for the ability to have more control.

598
00:30:14,960 --> 00:30:16,680
Speaker 3: There's no other reason.

599
00:30:17,200 --> 00:30:21,559
Speaker 4: And the just like I said with Trump, where I

600
00:30:21,680 --> 00:30:25,039
was like, look, Powell may may or may not be

601
00:30:25,079 --> 00:30:27,960
a good actor, whatever the case may be. But having

602
00:30:28,240 --> 00:30:32,119
the president, having the president having the ability to conduct

603
00:30:32,240 --> 00:30:36,599
monetary policy is a horrible idea, regardless of what president is.

604
00:30:37,000 --> 00:30:40,480
For instance, when when a president is up for reelection,

605
00:30:41,160 --> 00:30:44,039
what do you think the likelihood that he'd cut interest rates.

606
00:30:43,920 --> 00:30:45,000
Speaker 3: Six months before.

607
00:30:48,200 --> 00:30:49,279
Speaker 1: It approaches.

608
00:30:50,519 --> 00:30:56,359
Speaker 4: Yeah, yeah, so uh, you would just completely politicize it.

609
00:30:57,680 --> 00:31:01,079
And more importantly, I think it's just a it's just

610
00:31:01,160 --> 00:31:05,960
another step to, you know, just building up this Potempkin

611
00:31:06,039 --> 00:31:07,000
village even larger.

612
00:31:07,400 --> 00:31:10,920
Speaker 3: And it's a horrible idea. It shocked.

613
00:31:10,920 --> 00:31:12,759
Speaker 4: It doesn't shock me to hear a guy like rogue

614
00:31:12,759 --> 00:31:17,200
Off pitching that. But no, I think it's a horrific idea.

615
00:31:17,720 --> 00:31:20,960
I think that if you did that, the dollar probably

616
00:31:20,960 --> 00:31:24,480
get instantly hit for I would think ten to fifteen percent.

617
00:31:24,960 --> 00:31:27,799
I think our treasuries would sell off. I don't think

618
00:31:27,799 --> 00:31:28,839
it'd be a good thing at all. I think it's

619
00:31:28,839 --> 00:31:29,519
a horrible idea.

620
00:31:29,599 --> 00:31:33,480
Speaker 1: Yeah, and anytime you're further centralizing government and taking a

621
00:31:33,519 --> 00:31:36,960
scam institution, sorry, the FED, I just it drives me crazy,

622
00:31:37,200 --> 00:31:39,640
and then rolling it into another scam institution that has

623
00:31:39,680 --> 00:31:44,839
never answered for illegally buying corporate bonds at seventy seven

624
00:31:44,839 --> 00:31:48,480
point two billion dollars seven and twenty billion dollars like that.

625
00:31:48,759 --> 00:31:51,160
Speaker 3: Yeah, you know me, I am no fan of the FED.

626
00:31:51,359 --> 00:31:51,559
Speaker 1: Yeh.

627
00:31:51,680 --> 00:31:54,720
Speaker 4: At the same time, you do need a central bank.

628
00:31:55,119 --> 00:31:57,079
You need a central bank, you need a lender of

629
00:31:57,160 --> 00:32:00,599
last resort, and you need that. You need that lender

630
00:32:00,640 --> 00:32:02,839
of last resort to be politically insulated.

631
00:32:02,880 --> 00:32:05,519
Speaker 3: They need to be outside the political system. And I

632
00:32:05,559 --> 00:32:07,400
am not I'm not saying there.

633
00:32:07,319 --> 00:32:09,680
Speaker 4: Aren't serious changes that I would want to make it

634
00:32:09,720 --> 00:32:14,480
the FED right like that, I think there's but anybody

635
00:32:14,680 --> 00:32:17,200
arguing whether they want to give the president the right

636
00:32:17,240 --> 00:32:20,319
to conduct monetary policy, whether they want the Treasury to

637
00:32:20,359 --> 00:32:22,960
soak up the FED, all of it is effectively the

638
00:32:23,000 --> 00:32:26,000
same thing. It doesn't really matter, right if the Treasury

639
00:32:26,039 --> 00:32:30,880
soaks up the FED, the president now has monetary policy power, period,

640
00:32:30,880 --> 00:32:31,240
And all.

641
00:32:31,480 --> 00:32:34,519
Speaker 1: About the FED is it would be really nice if

642
00:32:34,559 --> 00:32:36,480
the lender of last resort was the lender of last

643
00:32:36,559 --> 00:32:41,920
resorts because not right first and pretty first, right, well,

644
00:32:41,920 --> 00:32:44,160
we know what the Fed's going to do something, all right,

645
00:32:44,400 --> 00:32:47,640
This is a bizarre story, and it is about a

646
00:32:48,160 --> 00:32:51,400
well known Twitter accounts. I remember when this account started.

647
00:32:51,400 --> 00:32:53,200
They're so good at this. They've grown so well. They

648
00:32:53,240 --> 00:32:55,200
understand the algo and they do the things to grow

649
00:32:55,200 --> 00:32:58,039
on social media. And maybe I'm not shadow and maybe

650
00:32:58,079 --> 00:32:59,559
I just suck at social media, although I know I'm

651
00:32:59,599 --> 00:33:01,119
shadow of and I just I know that because I

652
00:33:01,160 --> 00:33:04,000
watched them do it and decrease my likes and retweets

653
00:33:04,000 --> 00:33:05,559
and all that. So I'll tell you about this in

654
00:33:05,599 --> 00:33:09,000
a second, just after I remind you that tonight, when

655
00:33:09,000 --> 00:33:15,519
you shower, you're probably a life hating communist. Sorry, I mean,

656
00:33:15,559 --> 00:33:19,319
if you're using non Allen soap. I mean, I still

657
00:33:19,359 --> 00:33:23,200
love you, but you are a life hating communist because

658
00:33:23,240 --> 00:33:25,079
when you're washing your body with that soap, you're not

659
00:33:25,200 --> 00:33:29,240
washing it with Alan's. And look, I tell Alan, I mean,

660
00:33:29,240 --> 00:33:31,960
he's nonverbal, he's fourteen, he's been through these eighteen operations,

661
00:33:32,000 --> 00:33:34,480
so he can't say what he feels about you. But

662
00:33:34,519 --> 00:33:37,440
he's super sick. Because I got your names. It's in

663
00:33:37,480 --> 00:33:40,039
the database. So like I told him tonight, Hey, you

664
00:33:40,119 --> 00:33:46,039
know what, Betty Thomas from Idaho Falls, Idaho. She's been

665
00:33:46,119 --> 00:33:47,359
big fan of the show for a long time, but

666
00:33:47,359 --> 00:33:51,039
she's never purchased your soap. And Alan put his head

667
00:33:51,039 --> 00:33:54,960
down and cried a little bit. So I mean, make

668
00:33:55,000 --> 00:33:58,920
your choice. It's made with all natural materials, absolutely no

669
00:33:59,039 --> 00:34:02,119
chemicals made by I have three generations to soapbaging expertise

670
00:34:02,480 --> 00:34:06,319
and truly without without joking. Alan is nonverbal through autism.

671
00:34:06,359 --> 00:34:08,760
He has been three eighteen operations. No, he is not

672
00:34:09,079 --> 00:34:11,199
going to be anger if you don't buy a soap.

673
00:34:11,480 --> 00:34:13,639
But our mission is to employ Allan and we do.

674
00:34:13,800 --> 00:34:16,679
And Ian also affected by autism, and we do, and

675
00:34:16,880 --> 00:34:20,119
Amy and we do. And that's the mission. It's Alan

676
00:34:20,159 --> 00:34:22,599
Soaps dot Com slash Todd. He's probably tid to get

677
00:34:22,639 --> 00:34:24,519
tempera sent off all their products. It's not just soap,

678
00:34:24,559 --> 00:34:27,400
by the way, there are some of the most soft

679
00:34:27,400 --> 00:34:30,000
the softest wash costs I've ever had there, and soap

680
00:34:30,079 --> 00:34:33,360
racks as well. It's Alan Soaps dot Com slash Todd

681
00:34:33,519 --> 00:34:36,000
and get Temper sent off everything there. This is a

682
00:34:36,039 --> 00:34:38,639
bizarre story and it's good that we have Zach Abraham,

683
00:34:38,719 --> 00:34:40,920
Chief and vestment officer Bulwart Capital Management with us to

684
00:34:40,920 --> 00:34:43,760
help us figure this out. I'll read through this real quick, Zach,

685
00:34:43,880 --> 00:34:45,639
and then I want to get your input on this.

686
00:34:45,639 --> 00:34:49,320
This comes from a Muse. It's a great account on Twitter,

687
00:34:49,880 --> 00:34:51,920
and amuse rites this and I'm saying amuse because they

688
00:34:51,960 --> 00:34:54,559
don't know if it's a man or woman. On May three,

689
00:34:54,760 --> 00:34:57,239
at approximate eight thirty am, I launched a coin, not

690
00:34:57,320 --> 00:34:59,960
a metaphorical coin, not a metaphor about value or tru

691
00:35:00,039 --> 00:35:02,760
uster social capital, a literal mean coin called a muse

692
00:35:02,840 --> 00:35:06,559
on x based on my ex formerly Twitter handle. I

693
00:35:06,599 --> 00:35:08,360
did not encourage anyone to buy it. In fact, I

694
00:35:08,360 --> 00:35:11,239
told them explicitly not to. Less than two hours later,

695
00:35:11,280 --> 00:35:14,480
it was worth three point five million dollars. This was

696
00:35:14,559 --> 00:35:17,320
not the result of cunning design or market manipulation. I

697
00:35:17,360 --> 00:35:19,480
never bought or sold a mean coin before. I was

698
00:35:19,480 --> 00:35:21,599
not trying to ride a wave, launch a brand, or

699
00:35:21,639 --> 00:35:24,440
seated cult. I was researching for a book about the

700
00:35:24,480 --> 00:35:27,039
people behind the mean coin phenomena, a book that began

701
00:35:27,119 --> 00:35:30,559
appropriately enough in another strange room on February fourteenth, twenty

702
00:35:30,599 --> 00:35:33,000
twenty five. That day was invited to deserve the launch

703
00:35:33,000 --> 00:35:36,320
of a coin tied to Argentine President Javier Malay, a

704
00:35:36,360 --> 00:35:39,800
monetary radical term mean coin messiah, whose likeness has become

705
00:35:39,880 --> 00:35:43,960
shorthand for rebellion and decentralization and digital markets. Pump fund

706
00:35:44,000 --> 00:35:47,119
the platform I use as a disciptively simple name. It

707
00:35:47,159 --> 00:35:49,679
sounds like a toy, a game, a dare. In reality,

708
00:35:49,679 --> 00:35:52,760
it's become a favorite launch pad for mean coins, especially

709
00:35:52,760 --> 00:35:55,760
those tethered to personalities, pop culture and political figures. What

710
00:35:55,880 --> 00:35:58,559
distinguishes pump fun is its structure. Every token has a

711
00:35:58,599 --> 00:36:01,719
fixed apply to one billion, immutable and automatic. When a

712
00:36:01,719 --> 00:36:04,360
creditor launches a token, eight hundred million coins are allocated

713
00:36:04,400 --> 00:36:07,639
to a bonding curve. Mathematical pricing FORMUA then increases the

714
00:36:07,639 --> 00:36:10,360
cost of each coin is more purchased. As a coin

715
00:36:10,480 --> 00:36:13,159
hits sixty nine thousand dollars market cap, pump fund mints

716
00:36:13,199 --> 00:36:15,760
the remaining two hundred million impairs them with roughly twelve

717
00:36:15,760 --> 00:36:19,880
thousand of sol Solona's native token to establish a liquidity

718
00:36:19,880 --> 00:36:24,039
pool on the decentralized exchange Radium. Since February, I've interviewed

719
00:36:24,079 --> 00:36:27,159
dozens of people behind the biggest coin launches, from entertainers

720
00:36:27,440 --> 00:36:31,079
to synonymous whales to marketing teams running Meme labs twenty

721
00:36:31,079 --> 00:36:34,159
four to seven. The money is staggering. Mean coins generated

722
00:36:34,199 --> 00:36:36,599
over one hundred billion in volume last year. A loan

723
00:36:36,960 --> 00:36:40,280
on solon or trading fees from mean coins exceed three billion,

724
00:36:40,719 --> 00:36:43,239
with one single trader spending one hundred and thirty million

725
00:36:43,280 --> 00:36:46,920
on fees. That's just one chain. The market is dominated

726
00:36:46,960 --> 00:36:50,199
by whales and bots. Roughly ten percent of participants extract

727
00:36:50,280 --> 00:36:53,400
ninety percent of the profits. The remaining ninety percent chase

728
00:36:53,400 --> 00:36:57,960
ephemeral highs, often exiting with losses. Many use complex tools

729
00:36:57,960 --> 00:37:01,679
to identify trending launches, enter early and exit minutes later.

730
00:37:01,920 --> 00:37:05,280
My telegram inbox was filled with offers from services promising

731
00:37:05,320 --> 00:37:08,719
to amplify my coins visibility using these mechanisms. I decline

732
00:37:08,719 --> 00:37:12,519
them all. As you're listening to that and aware of this,

733
00:37:13,519 --> 00:37:17,360
I hear to me our fiat currency, which no one

734
00:37:17,480 --> 00:37:21,559
in crypto likes, amplified by ten billion to the ten

735
00:37:21,639 --> 00:37:25,039
billionth power, and somehow they like this, this is value,

736
00:37:25,239 --> 00:37:28,119
But our fiat currency is not. Am I under or

737
00:37:28,159 --> 00:37:29,360
overstating that at all?

738
00:37:30,360 --> 00:37:32,559
Speaker 3: No, you're not overstating it at all.

739
00:37:32,639 --> 00:37:38,440
Speaker 4: And it really is a fascinating time in human history

740
00:37:38,480 --> 00:37:42,519
and financial history, because we've had bubbles before. We've had

741
00:37:42,519 --> 00:37:45,000
plenty of them, right, And you can go back as

742
00:37:45,039 --> 00:37:48,039
far as what is it was it the was it

743
00:37:48,079 --> 00:37:51,400
the south Sea Cut Corporation or whatever that Newton famously

744
00:37:51,440 --> 00:37:54,000
lost a bunch of money on. Yeah, Sir Isaac Newton, Yeah,

745
00:37:55,880 --> 00:37:57,880
you've had pump and dumb scheme, You've had all this.

746
00:37:58,639 --> 00:38:01,920
Never before in humanity history, though, have you seen as

747
00:38:02,000 --> 00:38:09,440
much engagement and an involvement and excited excitement regarding something

748
00:38:09,519 --> 00:38:13,079
that the vast majority of those players know are complete

749
00:38:13,239 --> 00:38:17,440
is complete nonsense, right, Like, so most of the people operating,

750
00:38:17,519 --> 00:38:20,119
like they said the whales, the whales know that these

751
00:38:20,119 --> 00:38:24,599
are completely useless, that they're completely nonsensical. This is a

752
00:38:24,639 --> 00:38:29,280
pump and dump massive value any of these coins.

753
00:38:29,639 --> 00:38:33,960
Speaker 1: Yeah, so let me ask you. I saw groc learning

754
00:38:33,960 --> 00:38:36,519
ads on Twitter about the grock coin. So this is

755
00:38:36,519 --> 00:38:38,239
the first time I've ever felt tempted to buy coin

756
00:38:38,280 --> 00:38:40,159
because you know, it reminded me of when I saw bitcoin.

757
00:38:40,519 --> 00:38:42,800
And I've told this story. When I learned about bitcoin,

758
00:38:42,960 --> 00:38:44,280
I went to my wife and said, I want to

759
00:38:44,280 --> 00:38:46,320
put thirty forty thousand dollars into this bitcoin. She's like,

760
00:38:46,320 --> 00:38:50,079
you're insane and I should have pushed back and said probably,

761
00:38:50,119 --> 00:38:53,440
but I'm still doing it and thirty forty, you know,

762
00:38:53,599 --> 00:38:56,159
fifty maybe At that point, I was printing money out

763
00:38:56,199 --> 00:38:59,920
of my buzzpo website before Amazon destroyed it with their

764
00:39:00,320 --> 00:39:03,679
their ads that attack on our ads, et cetera. So

765
00:39:03,840 --> 00:39:06,679
I could have afforded, frankly, to put twenty five thirty

766
00:39:06,760 --> 00:39:08,360
forty fifty thousand dollars a month into that for a

767
00:39:08,400 --> 00:39:10,840
little while, and I'd be a billionaire if I'd done that.

768
00:39:11,440 --> 00:39:13,920
So I'm not saying that I think their grock coin

769
00:39:13,960 --> 00:39:17,079
has any value. I know that he's mobbed up. I

770
00:39:17,119 --> 00:39:19,079
know that he knows President Trump really well. I know

771
00:39:19,119 --> 00:39:21,280
Trump wants to be a crypto king. I know how

772
00:39:21,360 --> 00:39:24,679
DC works. I get a sense that his coin might

773
00:39:24,719 --> 00:39:26,519
be one of those coins. It ends up being a

774
00:39:26,599 --> 00:39:29,159
quote stable coin, so I went in to go try

775
00:39:29,199 --> 00:39:30,920
to buy it, and I had to buy a coin

776
00:39:30,960 --> 00:39:33,239
to get his coin, so I had to I couldn't

777
00:39:33,239 --> 00:39:34,320
buy it with US dollars.

778
00:39:35,400 --> 00:39:37,239
Speaker 3: Oh yeah, yeah, yeah, he had to convert to a

779
00:39:37,280 --> 00:39:38,039
stable coin.

780
00:39:38,079 --> 00:39:40,000
Speaker 1: So I had to go to a coin to buy

781
00:39:40,039 --> 00:39:44,400
his coin. Right, Okay, I read that a couple different ways.

782
00:39:44,440 --> 00:39:46,920
If I didn't do it, because I don't know enough

783
00:39:46,920 --> 00:39:49,159
about those coins to do it. I was making a bet,

784
00:39:49,360 --> 00:39:51,760
pure and simple, plain and simple, making a bet that

785
00:39:51,840 --> 00:39:54,719
this is going to be a big coin. But Elon,

786
00:39:54,960 --> 00:39:56,960
it seems so smart that you have to buy a

787
00:39:57,000 --> 00:39:59,800
coin and then sell it and then if all these

788
00:39:59,800 --> 00:40:02,159
are the coin's going into the grock coin, it seems

789
00:40:02,199 --> 00:40:04,360
to me he's driving up the value of grock coin

790
00:40:04,400 --> 00:40:06,360
and driving down the value of other coins. Am I wrong?

791
00:40:06,960 --> 00:40:08,840
Speaker 4: What platform were you on when you were doing that?

792
00:40:09,199 --> 00:40:10,480
Because you had to go on a trading.

793
00:40:10,280 --> 00:40:12,480
Speaker 1: Platform, So I never got to the trade. I got

794
00:40:12,480 --> 00:40:15,159
to the grock coin website and then it was telling

795
00:40:15,199 --> 00:40:18,039
me you need to go select a coin to do this,

796
00:40:18,119 --> 00:40:19,679
and that's where I stopped because I'm like, wait, I'm

797
00:40:19,719 --> 00:40:22,880
not sophisticated enough to know which coin to select. But

798
00:40:22,960 --> 00:40:24,519
it seemed like a smart move.

799
00:40:25,480 --> 00:40:29,679
Speaker 4: So so here here's the way generally speaking, that works.

800
00:40:29,719 --> 00:40:32,119
Speaker 3: Okay, okay, So think of a platform.

801
00:40:32,280 --> 00:40:35,440
Speaker 4: You know people like everybody goes Schwab, Right, Schwab is

802
00:40:35,440 --> 00:40:37,039
a trading platform for investments.

803
00:40:37,079 --> 00:40:39,400
Speaker 3: Okay, Take a company like coinbase.

804
00:40:39,480 --> 00:40:45,880
Speaker 4: Coinbase is effectively a Schwab for cryptocurrency. Okay, Now this

805
00:40:45,920 --> 00:40:48,639
work gets a little bit different. The easiest way to

806
00:40:48,719 --> 00:40:52,960
understand what they're doing there is they're saying, okay, come

807
00:40:53,000 --> 00:40:55,920
here and make an account, and then we're going to

808
00:40:56,000 --> 00:40:59,679
convert your dollars into what we call our native coin, right,

809
00:40:59,760 --> 00:41:03,440
and what the native coin is effectively are poker.

810
00:41:03,199 --> 00:41:04,079
Speaker 3: Chips in the casino.

811
00:41:04,199 --> 00:41:05,000
Speaker 1: That's hot side.

812
00:41:05,719 --> 00:41:06,000
Speaker 3: Yes.

813
00:41:06,360 --> 00:41:10,000
Speaker 4: So so it's like everybody converts to their stable coin

814
00:41:10,079 --> 00:41:12,719
or their native coin of choice, whatever platform you're on

815
00:41:12,880 --> 00:41:15,159
is going to have a different native coin, and you

816
00:41:15,239 --> 00:41:17,679
convert to the native coins, and then the native coins

817
00:41:17,719 --> 00:41:20,679
are what you use. And the native coins are supposed

818
00:41:20,679 --> 00:41:24,880
to maintain a level value, right They're supposed to. Yeah,

819
00:41:24,880 --> 00:41:25,599
they're supposed to.

820
00:41:26,159 --> 00:41:27,559
Speaker 3: So that it.

821
00:41:30,480 --> 00:41:32,519
Speaker 4: And this is one of the issues with the like

822
00:41:32,599 --> 00:41:35,519
why can't you just get on that platform and exchange

823
00:41:35,519 --> 00:41:36,079
in dollars.

824
00:41:36,599 --> 00:41:38,760
Speaker 3: This is one of the problems with that industry is.

825
00:41:38,719 --> 00:41:48,000
Speaker 4: That then effectively, and not every not every exchange does this,

826
00:41:48,400 --> 00:41:51,159
but but we've seen this involved in some of these frauds,

827
00:41:51,440 --> 00:41:55,320
which is those quote unquote native coins they have a

828
00:41:55,440 --> 00:41:59,599
value on that platform, right, yes, well they can also

829
00:42:00,599 --> 00:42:04,400
they can also you know, mess with or or you know,

830
00:42:04,480 --> 00:42:09,440
manipulate the creation of those native coins. So I'm not

831
00:42:09,480 --> 00:42:11,360
saying they all do this, they don't all do this,

832
00:42:11,559 --> 00:42:15,000
but well, look, when I look at the whole cryptocurrency deal,

833
00:42:15,239 --> 00:42:17,639
the best analogy I can give, and a lot of

834
00:42:17,679 --> 00:42:20,920
people won't know this reference, but it just it reminds

835
00:42:21,000 --> 00:42:23,239
me so much of the junior mining industry in the

836
00:42:23,239 --> 00:42:27,639
early eighties in Canada, meaning the pump and dumps everywhere.

837
00:42:28,800 --> 00:42:31,639
There's so many similarities between that and the whole meme

838
00:42:31,719 --> 00:42:35,559
coin phenomenon going on right now, and it's just rife

839
00:42:35,559 --> 00:42:37,800
with fraud. And that's why I just tell people like, oh, look,

840
00:42:38,199 --> 00:42:40,119
if you want to play in that, if you want

841
00:42:40,119 --> 00:42:41,800
to play in that arena, and we're not doing it

842
00:42:41,800 --> 00:42:44,079
for you, but if you want to play in that arena. Now,

843
00:42:44,159 --> 00:42:48,239
we've we've had incredible success trading bitcoin, and we don't

844
00:42:48,239 --> 00:42:50,880
always own it, but our clients have owned as much,

845
00:42:51,280 --> 00:42:53,360
as you know, one and a half to two percent

846
00:42:53,400 --> 00:42:55,960
of their portfolio at the most in bitcoin at times,

847
00:42:56,480 --> 00:42:58,440
and we'll play with it, but we're always going to

848
00:42:58,559 --> 00:43:00,480
keep those things very small because at the end of

849
00:43:00,519 --> 00:43:03,400
the day, you may think bitcoin's going to a million,

850
00:43:03,400 --> 00:43:06,239
there's a lot of people saying that what is the underlying.

851
00:43:05,760 --> 00:43:06,360
Speaker 3: Value of it?

852
00:43:07,440 --> 00:43:08,280
Speaker 1: Nothing zero.

853
00:43:08,760 --> 00:43:11,880
Speaker 4: It's yeah, there is no intrinsic value. It has no

854
00:43:11,960 --> 00:43:15,039
cash flows, it has no assets, it has nothing. It

855
00:43:15,440 --> 00:43:18,519
truly is a reflection of what the it's It is

856
00:43:18,559 --> 00:43:21,039
an experiment of the greater fool. And I'm not saying

857
00:43:21,039 --> 00:43:22,880
that you're a fool if you own bitcoin. But the

858
00:43:22,920 --> 00:43:27,280
greater fool theory is stocks go up in price because people,

859
00:43:27,400 --> 00:43:31,639
not because earnings drive them higher. They typically correlate, but

860
00:43:31,719 --> 00:43:33,920
stocks go up in price because people are willing to

861
00:43:33,960 --> 00:43:37,239
pay a higher price for the stock period, end of story, right.

862
00:43:37,760 --> 00:43:38,119
Speaker 3: And so.

863
00:43:39,719 --> 00:43:43,320
Speaker 4: That that's the dynamic you've got going on in crypto.

864
00:43:43,639 --> 00:43:46,960
That it's that greater fool theory, meaning what you're relying

865
00:43:47,079 --> 00:43:49,519
on is somebody to come along that is willing to

866
00:43:49,519 --> 00:43:53,960
pay a higher price than you. But it's completely subjective.

867
00:43:54,000 --> 00:43:56,800
Speaker 1: And I'm looking at the thing with grock Coin saying

868
00:43:57,000 --> 00:44:02,199
I'll bet on that casino. Yeah, sure, of course this

869
00:44:02,239 --> 00:44:04,880
is going to get big. It's Elon Musk. Of course,

870
00:44:04,920 --> 00:44:06,239
there are people going to rush into it. They're going

871
00:44:06,280 --> 00:44:09,280
to rush into it for ideological reasons. The left is

872
00:44:09,280 --> 00:44:12,519
going to attack it for ideological reasons. President Trump would

873
00:44:12,519 --> 00:44:16,119
probably be likely to put, as I said, the grock

874
00:44:16,119 --> 00:44:19,159
coin into some you know, government mix because Trump wanted

875
00:44:19,159 --> 00:44:21,000
to go buy a bunch of coins. Now, is that corrupt? Yeah,

876
00:44:21,079 --> 00:44:23,840
it's corrupt. So but I'm mininged to bet on that.

877
00:44:23,840 --> 00:44:25,480
But I'm not willing to go bet on a coin.

878
00:44:25,559 --> 00:44:28,880
Now I have to go research stable coins. But none

879
00:44:28,880 --> 00:44:30,760
of them are stable because none of them have any

880
00:44:30,760 --> 00:44:33,639
intrinsic value. There's no armies, there's no you know, in

881
00:44:33,639 --> 00:44:35,039
the United States, what do we have. We have our

882
00:44:35,119 --> 00:44:37,400
land mass, we have our armies, we have our weapons,

883
00:44:37,480 --> 00:44:41,320
we have the natural resources in our soil. We've got

884
00:44:41,440 --> 00:44:43,519
the labor of the people. I mean, there's a lot

885
00:44:43,559 --> 00:44:46,719
here that backs our dollar, which came off the gold standard,

886
00:44:46,719 --> 00:44:50,199
which I rate as a mistake. But there is intrinsic

887
00:44:50,320 --> 00:44:52,639
value in the United States. This is very much like this.

888
00:44:52,639 --> 00:44:56,880
This is very much like this. I'm picturing a fifty

889
00:44:57,000 --> 00:45:02,840
year old dude and he gets his way into let's

890
00:45:02,840 --> 00:45:06,199
say he wants to work in Goldman Sacks, and he

891
00:45:06,199 --> 00:45:09,039
gets into Goldman Sacks and he's in an interview and

892
00:45:09,079 --> 00:45:10,840
the hiring mantresses, So why do you think of goldmun

893
00:45:10,880 --> 00:45:15,639
sacks material? Ah, And I was the most popular kid

894
00:45:15,679 --> 00:45:19,840
in high school, and I was jacked. I can show

895
00:45:19,840 --> 00:45:23,880
you pictures I had abs and you know my body counts.

896
00:45:24,320 --> 00:45:28,760
I'll say something. I hit that high school thing so hard.

897
00:45:31,880 --> 00:45:36,400
So what is the worth of your popularity now? No,

898
00:45:36,480 --> 00:45:39,440
but you don't get it. I mean it's like if

899
00:45:40,039 --> 00:45:42,239
if you held a party and I wasn't invited, people

900
00:45:42,239 --> 00:45:48,119
didn't come right. So behind you is the door and

901
00:45:48,320 --> 00:45:50,360
don't let it hit you in the way out. That's

902
00:45:50,400 --> 00:45:52,880
what I'm looking at with these stable coins. They're not

903
00:45:53,039 --> 00:45:57,079
stable and Elon Muskus he wants me to purchase those

904
00:45:57,159 --> 00:46:02,760
coins for to get a chance at his coin.

905
00:46:03,800 --> 00:46:06,119
Speaker 4: Well, and that so if you want, if you were

906
00:46:06,159 --> 00:46:09,079
going to do that, you can do like you can

907
00:46:09,119 --> 00:46:10,960
do it. But what I would tell people is just

908
00:46:11,039 --> 00:46:13,760
don't hold that native coin or that stable coin for

909
00:46:13,800 --> 00:46:17,079
any period of time. Convert and purchase the coin you

910
00:46:17,119 --> 00:46:18,920
want immediately, Okay.

911
00:46:19,000 --> 00:46:22,000
Speaker 1: And that seems like a little work forgive me for what?

912
00:46:23,559 --> 00:46:27,480
Speaker 3: Yeah? Well yeah, and and and the work for what?

913
00:46:27,800 --> 00:46:27,960
Speaker 2: Right?

914
00:46:28,000 --> 00:46:30,159
Speaker 3: What is the value of what it is that you bought.

915
00:46:30,280 --> 00:46:32,920
Speaker 1: I just want to bet on Elon Musk Yeah, well

916
00:46:32,920 --> 00:46:34,800
I just want to drop I just want to drop

917
00:46:34,840 --> 00:46:37,679
a couple hundred bucks into the slot machine labeled Grock coin.

918
00:46:38,679 --> 00:46:40,719
Speaker 4: Well, yeah, then you got to flip into the native coin,

919
00:46:40,880 --> 00:46:44,199
so you got and then you just convert instantly into

920
00:46:44,199 --> 00:46:45,159
the into the other one.

921
00:46:45,360 --> 00:46:48,159
Speaker 3: But which you can do. People do that all the time.

922
00:46:48,320 --> 00:46:51,119
Speaker 4: But my advice would be, if you're going to do that,

923
00:46:51,840 --> 00:46:52,960
do it immediately.

924
00:46:53,079 --> 00:46:55,159
Speaker 3: Do not sit in that native coin.

925
00:46:55,039 --> 00:46:58,199
Speaker 4: Because like you said, right, is there some value we'd

926
00:46:58,239 --> 00:47:03,000
assigned to the grock coin. Well, well, again, it effectively worthless,

927
00:47:03,239 --> 00:47:07,480
but it's less worthless than the native coin because it's

928
00:47:07,480 --> 00:47:11,280
tied to musk, right, so there is something there. But yeah,

929
00:47:11,280 --> 00:47:13,559
if you're going to do the and quite honestly, Todd,

930
00:47:13,880 --> 00:47:17,119
when I look around at the world today, it's one

931
00:47:17,159 --> 00:47:19,119
of the reasons that we're invested the way we are.

932
00:47:19,719 --> 00:47:22,519
I think all of this nonsense and all of this

933
00:47:22,599 --> 00:47:26,760
craziness and greed that's driving all this, I think the

934
00:47:26,800 --> 00:47:32,079
real investment opportunity is the other opportunities that's created, right,

935
00:47:32,159 --> 00:47:35,239
Meaning when people are pumping all this money into this

936
00:47:35,320 --> 00:47:38,719
thing over here, it's not going into this thing over here. Yeah, right,

937
00:47:38,760 --> 00:47:42,760
And I think I in my opinion, I think everybody

938
00:47:42,840 --> 00:47:45,760
chasing the coins is literally going in the wrong direction.

939
00:47:47,119 --> 00:47:51,599
I think the investment opportunity are all the real assets that,

940
00:47:51,719 --> 00:47:56,599
in my opinion, are artificially cheap due to all the

941
00:47:56,679 --> 00:47:57,960
kids chasing the nonsense.

942
00:47:58,480 --> 00:48:00,880
Speaker 3: And so I look at it. When I can buy.

943
00:48:00,639 --> 00:48:02,719
Speaker 4: Companies that are growing at fifteen or twenty percent a

944
00:48:02,800 --> 00:48:04,079
year and are paying me at twelve and a half

945
00:48:04,159 --> 00:48:07,519
to thirteen percent dividend with a clean balance sheet, I

946
00:48:07,639 --> 00:48:09,880
like that a lot more than buying some dude's coin,

947
00:48:10,800 --> 00:48:13,679
you know what I mean? Right, So, and that's and

948
00:48:13,960 --> 00:48:17,159
that to me, when you get into these environments of

949
00:48:17,239 --> 00:48:20,199
euphoric nonsense, where are looking around going what's going on?

950
00:48:20,599 --> 00:48:21,639
Speaker 3: The one trigger that.

951
00:48:21,639 --> 00:48:23,719
Speaker 4: Is I've learned to have go off in my mind

952
00:48:24,039 --> 00:48:26,079
is when you see a bunch of people doing a

953
00:48:26,079 --> 00:48:30,159
lot of irrational nonsense, there has to be and it's

954
00:48:30,280 --> 00:48:36,960
usually high quality, right, like uh you know, uh, you know,

955
00:48:37,519 --> 00:48:41,960
foundational type stuff that simultaneously is going to be way

956
00:48:41,960 --> 00:48:44,880
too cheap, right, because what do people throw out? Like

957
00:48:45,119 --> 00:48:48,079
if you're going to sell stocks out of your portfolio

958
00:48:48,239 --> 00:48:52,079
to buy a mean coin, You're probably not going to

959
00:48:52,159 --> 00:48:53,000
sell your Tesla.

960
00:48:53,480 --> 00:48:55,840
Speaker 3: You're probably going to sell your General Mills.

961
00:48:55,880 --> 00:48:59,280
Speaker 4: Right, You're probably gonna sell your Stalwart, your Coca Cola,

962
00:48:59,360 --> 00:49:02,960
your McDonald something like that, Right, and so what happens

963
00:49:03,199 --> 00:49:04,599
and you can see that today.

964
00:49:04,679 --> 00:49:06,840
Speaker 3: I don't think those stocks that I just mentioned are cheap.

965
00:49:07,159 --> 00:49:08,840
Speaker 4: But when you go look at these some of these

966
00:49:08,880 --> 00:49:13,719
boring companies, you know, we just like I think, I

967
00:49:13,760 --> 00:49:17,239
told you we bought an airline, an international airline that

968
00:49:17,639 --> 00:49:21,199
is doing phenomenally that the future looks incredibly bright for

969
00:49:22,000 --> 00:49:24,599
and there trade. We bought them at a at a

970
00:49:24,679 --> 00:49:27,719
twenty percent discount to their net asset value, paying a

971
00:49:27,880 --> 00:49:30,440
six and a half percent dividends per year, and the

972
00:49:30,480 --> 00:49:33,679
things trading at six times earnings, where it's counterpart in

973
00:49:33,719 --> 00:49:37,400
the US is trading at twenty four. And so you're like, I,

974
00:49:37,760 --> 00:49:40,920
So I'm seeing all these opportunities, and I'm getting sitting

975
00:49:40,920 --> 00:49:43,159
there going, yeah, you know, this whole mean coin thing

976
00:49:43,519 --> 00:49:45,920
that it is unveiled a lot of opportunities.

977
00:49:45,960 --> 00:49:47,320
Speaker 3: I just don't think it's in mean coins.

978
00:49:47,599 --> 00:49:49,559
Speaker 1: Oh you know, it's so funny you mentioned airlines because

979
00:49:49,559 --> 00:49:51,719
I was just mentioning. I was just remembering on one

980
00:49:51,719 --> 00:49:54,599
of the greatest three actor scenes in the history of movies,

981
00:49:55,280 --> 00:50:00,960
Michael Douglas and Charlie Sheen and Martin Sheen in Wall

982
00:50:01,000 --> 00:50:07,719
Street and Gordon Geckoin the Kirk douglas character, Kirk Douglas

983
00:50:07,840 --> 00:50:11,239
is that who is Mike Michael Michael Douglas. Michael Douglas

984
00:50:11,280 --> 00:50:15,440
does this incredible pitch and Bud Fox Charlie Sheen is

985
00:50:15,440 --> 00:50:17,679
involved in the pitch about how they're going to take

986
00:50:17,719 --> 00:50:21,159
this little regional airline and make it huge. And the

987
00:50:21,199 --> 00:50:24,320
pitch is over, and there's Martin Sheen, the guy who

988
00:50:24,519 --> 00:50:30,480
represents the union workers, and he laughs, he laughs his

989
00:50:30,519 --> 00:50:33,360
head off. You don't care about my men or my airline.

990
00:50:33,440 --> 00:50:35,840
You want to piece us apart and sell us for parts.

991
00:50:36,480 --> 00:50:38,599
You don't care about the airline business. And then he's

992
00:50:38,599 --> 00:50:42,480
saying to his kid in the elevator, son, Son, there's

993
00:50:42,559 --> 00:50:45,880
real value. We move people. My men work on airplanes.

994
00:50:46,199 --> 00:50:50,039
We get families to graduations and funerals. There's real value here.

995
00:50:50,320 --> 00:50:54,119
This guy's not selling value, son, right, this guy's selling

996
00:50:54,159 --> 00:50:58,639
smoking mirrors. And it turns out, of course, you know,

997
00:50:58,719 --> 00:51:01,440
Charlie Sheen's character is furious his father's father just doesn't

998
00:51:01,440 --> 00:51:04,159
get it, and sadly turns out his father's right. And

999
00:51:04,360 --> 00:51:05,920
Bud Fox has a lot of time to think about

1000
00:51:05,920 --> 00:51:09,719
that he was in prison and wearing wires and going

1001
00:51:09,760 --> 00:51:12,800
after people like Gordon get go, man Zach. What a

1002
00:51:12,880 --> 00:51:17,079
conversation today, I am. I It's hard for me to

1003
00:51:17,079 --> 00:51:22,159
say this, but I was legitimately a bunny when it

1004
00:51:22,199 --> 00:51:25,320
came to thinking of insider trading laws. I legitimately thought

1005
00:51:25,440 --> 00:51:27,880
you could get more trouble than me or anyone in

1006
00:51:27,920 --> 00:51:32,000
the podcast family on the radio show Families, We anyone

1007
00:51:32,079 --> 00:51:35,840
listening to this. You can get in more trouble overhearing

1008
00:51:35,840 --> 00:51:40,480
a conversation on a subway train and making a trade

1009
00:51:40,519 --> 00:51:42,800
based upon that. If someone ever found that out, you

1010
00:51:42,880 --> 00:51:49,480
could get in more trouble than congressmen and senators who

1011
00:51:49,639 --> 00:51:53,880
have the detailed they have the the literal deal points,

1012
00:51:54,159 --> 00:51:55,599
term sheets, and contracts in front.

1013
00:51:55,480 --> 00:51:57,800
Speaker 3: Of them, and they regulate those industries.

1014
00:51:58,639 --> 00:52:00,800
Speaker 4: Yeah, right, and they regulate those industry so they have

1015
00:52:01,440 --> 00:52:04,440
incredible inside knowledge, they have incredible inside access.

1016
00:52:04,880 --> 00:52:05,599
Speaker 3: Right, If any.

1017
00:52:05,480 --> 00:52:08,039
Speaker 4: CEO of Nancy Pelosi calls any CEO in the country,

1018
00:52:08,039 --> 00:52:10,679
they're picking up the phone or they're calling her back. Right,

1019
00:52:10,760 --> 00:52:13,679
I don't get that same kind of treatment. So you

1020
00:52:13,960 --> 00:52:17,960
naturally you should be held to a higher standard because

1021
00:52:17,960 --> 00:52:20,960
of the access you have information. And it's the exact opposite,

1022
00:52:21,079 --> 00:52:25,079
it's the exact opposite. Would I get tagged before you. Yeah,

1023
00:52:25,119 --> 00:52:28,480
I'm more visible. I manage other people's money. But bottom

1024
00:52:28,480 --> 00:52:32,280
line is, if you and I both make those those trades,

1025
00:52:32,480 --> 00:52:34,480
we're both looking at the same we're both looking at

1026
00:52:34,480 --> 00:52:35,119
the same problems.

1027
00:52:35,159 --> 00:52:36,639
Speaker 1: Well, maybe you and I can have the same jail soon.

1028
00:52:37,480 --> 00:52:40,119
Speaker 3: Yeah, well we'll work out a lot.

1029
00:52:40,199 --> 00:52:41,440
Speaker 1: Yeah, I know, I call top bump.

1030
00:52:42,159 --> 00:52:46,000
Speaker 3: Yeah that's fine. I'm not gonna fight you.

1031
00:52:46,360 --> 00:52:49,000
Speaker 1: Sounds good, all right, Thank you, Zach Wise counsel Day

1032
00:52:49,119 --> 00:52:51,559
Todd Herman Shaw appreciate you very much. And remember, Zach

1033
00:52:51,599 --> 00:52:54,480
and I will be in portavart To Mexico early June,

1034
00:52:55,039 --> 00:52:57,000
hanging out, going to dinner and love you to get

1035
00:52:57,000 --> 00:52:58,880
down there. But that means you should get with renewed

1036
00:52:58,880 --> 00:53:01,440
dot Healthcare as soon as possible. This is a Todd

1037
00:53:01,440 --> 00:53:04,079
Herbert show. Please go, be well, be strong, be kind,

1038
00:53:04,119 --> 00:53:06,840
and please make every effort to walk in the light

1039
00:53:06,920 --> 00:53:07,400
of Christ.