Speaker 1: It really might be that five companies are too big
to fail, because if they fail, it would be bigger
than the United States failing. Could that be true? Zach Abraham,
chief investment officer Bulwarck Capital Management, joins us. We'll do
this with the help of his company, the Your riskpodcast
dot com, and God Almighty.
Speaker 2: The Todd Herman Show is one hundred percent disapproved by
big pharma technocrats and tyrants everywhere. From the high mountains
of Free America. Here's the Emerald City exile Todd Herman.
Speaker 1: Today is the day the Lord has made, and these
are the times to which God has decided we shall
live in. Joining me from near Seattle, but not in Seattle,
surrounded by a fence forty one feet high with armed
turrets and helicopters patrolling to keep the satellites out. Some
are on an island accessible only by gold plated submarine
or aircraft carrier from the fortress. Zach Abraham, how are
you brother.
Speaker 3: Doing, good man?
Speaker 4: It was it was it was a little it was
choppy seas getting out to layer this morning.
Speaker 3: So that's why I was blown away that you knew
that we had to.
Speaker 1: Use the sub I mean, this was guessing I just
saw the weather. Nothing says gold plated slub like a
little uh weather back there.
Speaker 4: Yeah, Oh, gold plated sub that's a good one.
Speaker 1: Have you ever thought about buying one of those hobbyist submarines?
Speaker 3: You know? Man, So here's the deal. A lot of
people don't know this about me.
Speaker 4: I haven't done it a lot, but I really like
scuba divings and so, man, I would get down at
a submarine.
Speaker 1: A second.
Speaker 3: I actually live on the water. Yeah, And I'm like,
I live on a little bay.
Speaker 4: I've thought a hundred times I would love to take
a little submarine down and and and scope out the
bottom of the bay.
Speaker 1: They're not that expensive, I mean comparatively speaking to other
toys people by. You can buy some that are relatively
inexpensive and go down with the kids and do that.
And it'd also be like really cool things that you
could do with your boys, the boys you teach in
you know, football, et cetera. There's a lake up here,
and people don't talk about this, but Lake Ponderey up
in Sandpoint. It has a naval station, and it has
one of the deepest freshwater lakes in the in the country,
and it's got these caverns. They trained people to drive submarines,
you know, because they're sitelets, they have to use sonar
through these cabins. We had a friend who was a
an admiral over a naval station in Idaho. It's funny.
He'd go to admiral meetings and Admiral Jones from Florida,
Admiral Jones, North Carolina, admiral from Idaho. What landlocked? Do
you knew that about that place?
Speaker 3: Yeah?
Speaker 4: Yeah, so so they they they tried out underwater tactics there. Yeah,
they did experimental radar. Funny enough, I know exactly what
you're talking about. In Lake Ponderrey and probably about about
a three miles.
Speaker 3: Maybe a two mile boat ride from my home right now.
Speaker 4: There's also there was a station right off of Fox
Island and the Puget Sound there was did they did
a very similar thing where they actually tested out sonar
on nuclear subs throughout, you know, running them through channels
and the Puget Sound and things like that. So I
almost actually bought a piece of property that was right
next to the old right, it was a couple couple
lots down, but it was right next to the old substation.
Speaker 1: Pretty cool. Yeah, there's a picture I have of some
guys who were fishing on Lake Ponderay and they're they're
out in the water. It's a little bit foggy, and
they were about with some friends. So there's like a
couple of different boats and someone was just taking a
picture of their buddies fishing. And in the background you
see this thing popping up out of the water and
it's the sub. Can you imagine being out there?
Speaker 3: No way?
Speaker 1: So that's the issue. The sub needed the surface. So
you're out there in the water and this thing like
in the middle of the water that would so wig you.
But it's such a such a cool picture. I'd love
to talk to the guys in this picture.
Speaker 4: And Alec Baldwin pops out on the top of it,
you know, with Sean Connery, and then they start, you know,
talking about the joys the living.
Speaker 2: Well.
Speaker 4: Remember the one guy his dream was to live in Montana,
shoot at Idaho.
Speaker 3: He was only a state away. I mean, he would
have been right there. I love that movie.
Speaker 1: I love that. I love that as well. So a
little media I want you to respond to in a second.
It's Christian Welker from from The Bockingbird Media NBC and
she's talking to Scott best of that we need to
talk about this. And then you told me something about
five companies when we were visiting in the Green Worm
earlier and I was over here in Idaho and you're
over there floating around and you told me about these
five companies in the US economy. So we need to
talk about that. In a second, I watched I'm gonna
hip you to this and this is something Unia family
I'm want to watch. There is a new movie from
Angel Studios and it's called Disciples in the Moonlight. So
a few months ago or a few years ago, you
would have thought everyone had thought preposterous. Plotline preposterous. The
Bible is banned in the United States. Now does that
seem preposterous now? Not with what's going on in Scotland,
in the UK and the EU where they've tried to
make having the Bible basically hate speech because the Bible
contains hate speech. So the movies about people who are
smuggling the Bible in the United States at the same
time as the US government has invented a fake Bible.
Now we see fake Bibles all the time. We talk
about this all the time. On the show. These heretical
pastors et cetera, speaking fake sermons, are on fake gospel.
So these guys smuggle the Bible. Now, this doesn't turn
out the way I thought it would. There's tons of
Easter eggs in this movie. When I got the end
of it, realized, wow, okay, that's why they did that.
I love movies with all sorts of surprise endings. So
go watch this. It's at Angel dot com slash hermon.
That'll take you directly to the film Disciples in the
Moonlight Angel dot com slash Herman and become an Angel
Studio Guild member so you're not just watching your petitionsipating
and making sure brave Christian filmmaking continues to happen. It's
Angel dot com slash Herman. So Zach, here's Kristen Welker,
one of our favorite people. She's sitting down with Scott
Best sent and here's the exchange.
Speaker 5: Well, Christy, you know it's unfortunate. As much as I
like you, you like to cherry pick. So you know
when we came in, it was eggflation, egg plation, eggflation.
You know, egg prices are down, gasoline prices are down. Overall,
the inflation. Since President Trump has come in, the has
come down. We inherited this terrible affordability crisis from the
Biden administration. The first thing we had to do was
get it under control. And this month's inflation number was
actually below the consensus number. If we look at core inflation,
it was zero point two percent, which was below us
it's been in a long time. Rints are coming down,
So you know, Christian, you don't get to cherry pick.
Inflation is a composite number, and I am confident that
in the coming month's inflation is going to come down.
Speaker 1: That's a pretty good answer that he pushes back on
her on. So where is he right and wrong on this?
And like just the spin that for us, because I
guess there's probably a little spin in there. It's coming
from a political spokesperson after all.
Speaker 4: Yeah, So so here's I think ironically, I think her
questioning was appropriate.
Speaker 3: My issue with her is, where was that questioning when
Biden and his administration was in the office.
Speaker 4: Who right, Like, when Biden was in office, where was
that same line of question Biden?
Speaker 1: Oh no, I'm sorry, Oh wait, I forgot he existed
for a little while, right, Joe Biden.
Speaker 4: Yeah, right, well they you know what they say, man
ignorance is bliss. Give give me that forget pill would right, No,
But so, I mean that's the issue. The other thing
is when you understand it's so funny to sit there
and like try to grill a guy that's been at
the helm for eight months about inflation. I mean, like
like like.
Speaker 3: One hundred and thirty. I mean, it's just stupid, right,
I mean it's like, uh, I don't know.
Speaker 4: I mean, it'd be like showing up at the like
at the Roman Colisseum and look at the security guard boy.
Speaker 3: Like, boy, you really let this place go to the dogs,
you know what.
Speaker 4: I mean, And you're like he's like, well, I just
I just started working here.
Speaker 3: Yeah, you know.
Speaker 4: It's just it's just ridiculous, and it's really hard to
take it seriously. And then you listen to people listening
to it and they're like, oh, all they do is
make excuses, And I'm like, you couldn't even you didn't
even know the word inflation existed until Trump took office, right,
you know what I mean. Like, so it's just this
stuff gets so frustrating, and I know you feel it too,
because there are things where there are disagreements and philosophical
you know, differences and things like that.
Speaker 3: Then there are so many of.
Speaker 4: These issues where you sit there and go, no, you
know what, here's the deal. We don't disagree. You're just ignorant,
you know what I mean?
Speaker 3: Yeah, And those those are the most frustrating.
Speaker 4: You're looking at them and you're just like, look, man,
I know you don't mean badly, but like you believe
something that is based on the horrific whole knowledge hole
that you have inside of you, right, Like I don't
I don't know, you know, I don't.
Speaker 3: Know how to help you. I yeah, it's crazy.
Speaker 1: No, it'll be great if he could approach this. I
love what he said. I love the pushback, but I
would encourage Republicans to do a little bit of Socratic
inquurer with people. For instance, city christmah, Hey, Christen, it's
it's economy has existed since the founding of the country.
We went off the gold standard in the seventies. You know,
we had four years under Biden. How long have I
been in my job? How long has that been? Chris right,
and force her to say eight months. Okay, so you're
asking me to answer for the country's structural problems in
eight months. Can we admit that's a little unfair?
Speaker 3: Can we also? How about Wes start here?
Speaker 4: Why don't you start by telling me what you we're
hoping we'd accomplished it this time.
Speaker 3: I like that, you know, where where is the goalpost here?
Speaker 4: Because because if we recognize that this is an issue
fifty years in the making, I'm not really understanding, like.
Speaker 3: What would a win look like?
Speaker 4: That's you know, right, you know, like I don't have
a wand obviously if I did, i'd give it a go.
I'd give it a go, I'd give it the old
Harry Potter try, right, But I don't and neither do you.
Speaker 3: So what would a win look like?
Speaker 4: That's really good because I mean, if inflation's the number
one thing, and if you want to see prices come
down quick, we can do that. It's going to take
fifteen percent unemployment, but we will get prices down or
real quick.
Speaker 3: Yeah. Oh you don't want that?
Speaker 1: Oh okay, yeah, all right?
Speaker 3: You know, And that's that's the whole problem.
Speaker 4: With with the with the the the real politic, you know,
the the the not the poll it breer, but the
proletariat in this country, and I don't mean the people
listening to this show, but like I said, it's the ignorance,
but it's also the one you want to have your
cake and eat it too. And you know, it's like
bringing down inflation. You're like, okay, well this will do it,
and they're like, no, no, no, no, I don't want the
stock market to go down.
Speaker 1: You're right, right, so not that inflation.
Speaker 2: Yeah.
Speaker 4: Yeah.
Speaker 3: So they're like, well, can't you thread the needle?
Speaker 4: And you're like, okay, yeah, like it's it. Yeah, it's
just tough man. At some point in this country, and
again this is the news to you or anybody that's
listening to the show. You and I've talked about it
a hundred times, but at some point in this country
we decided that good was no pain.
Speaker 3: And I just I just it's an odd concept.
Speaker 1: Yeah, you know what I mean?
Speaker 3: Yeah, like where in that Where in the natural world
do you see that? Never? Nowhere?
Speaker 1: You're one of the most powerful questions you can ask
a person who's attempting to oh, what would I say?
Propaganda's an argument with you ask what things mean. So
someone says to you, well, you know what, I look,
I just I'm in pursuit of social justice. Oh what
does that mean? And they look at you social justice? Yeah,
what what does that mean?
Speaker 3: Now? What does it mean to you?
Speaker 6: Right?
Speaker 3: Right?
Speaker 1: Explain and well, I just mean that, you know, things
should be fair. Let's take an example like what's fairness mean?
Fairest outcome, fairness of effort? And that can lend you
to questions. One of the great questions I love asking
people is they talk about the minimum wage. I love
to agree with them. So, okay, so the minimumag should
be thirty five dollars. Awesome, we agree. What's the minimum effort?
How do you calculate that? The minimum effort? What do
you mean? Well, I mean there's a minimum wage. You
should have a minimum effort. What does that mean? Well,
it can't be quantified, and yet the minimum wage can
be quantified. That's a powerful question of what this thing's
mean speaking of minimum wage. And this might be one
of the five companies. I don't know because you didn't
tell me. You refuse to tell me. I said, tell me,
and he said, I'm not telling you Amazon whit go ahead.
Speaker 3: Well we got a newsflash for you.
Speaker 4: Okay, So now this this show airs Friday, correct, right right, Yeah,
so a little bit delayed, but we did get that
inter straight cut.
Speaker 3: Just like we thought.
Speaker 4: I just I was just messaging and people were wondering
why I was touching my screen. I was messaging with
my analyst to get the deal. Got a twenty five
base point interes straight cut.
Speaker 2: Ok.
Speaker 3: But here's the news.
Speaker 4: The news is the FED is discontinuing quantitative tightening.
Speaker 1: That means what does that mean?
Speaker 4: So what that means is they're no longer going to
let bonds burn off.
Speaker 3: Now here's why this is funny in two thousands.
Speaker 1: It's funny because no, I'm sorry to interrupt, it's funny
because we're going to be a discontinuing a quantitative tightening.
What does that mean?
Speaker 3: Yeah?
Speaker 4: Okay, So quantitative easing is the act of the government
printing money and buying up government.
Speaker 1: Debt, conjuring money from thin air.
Speaker 3: Yeah, in an effort to push down interest rates. Okay,
so what we had been doing.
Speaker 4: Now, So guys like me as early as twenty thirteen,
and I've been on the radio saying this.
Speaker 3: You and I have talked about this, yeah, and plenty
of people have.
Speaker 4: I'm not like the only one that got it right
by any stretch of the imagination. But in twenty thirteen,
there was an interview or excuse me, was it to
It was either Janet Yellen or Ben Bernanke was interviewed
on sixty minutes and they said, when are you going
to undo this?
Speaker 3: Right?
Speaker 4: You bought all these trillions of dollars of bonds, When
are you going to didn't do this, and they said,
quote unquote, oh, there's no need to worry about that
when we when it becomes time, we'll unwind the balance
sheet and it will be as boring as watching paint
dry quote unquote. Okay, that was when the balance sheet
was like less than two trillion. Okay, today it's at
six point eight trillion, and they just have the stop
quantitative tightening, which is the undoing of quantitative easing. So
we got down to six point eight trillion and the
Fed was like, now we can't do anymore.
Speaker 3: Can't do it anymore. But it was supposed to be
as easy as letting pain dry. Now.
Speaker 4: The reason I say this is not to be arrogant,
like I said, I wasn't the first guy I heard
say this, okay, but the reason and I think it's
important to point this out because, especially for young people,
you need to know that it's not so much important
what you know, it's.
Speaker 3: How you think, how you process information.
Speaker 2: Right.
Speaker 4: We said back in twenty thirteen when that quote happened,
that zero interest rate, zero percent interest rates and quantitative
easing was an economic roach motel. And what we meant
by that is it's like the hotel California. You can
check out any time you like, but you can never leave.
Speaker 2: Right.
Speaker 4: Well, we get all the way down the six point
eight trillion on the balance sheet, and the Feds like,
no mos nomos.
Speaker 1: So I mean, what does this mean for people who
are set to retire like in the next two years.
Speaker 4: It means that inflation isn't going away, is what it means.
Speaker 1: So implore the rights, but it's not going away right right.
Speaker 4: And look, here's the concern. You've got the stock market
right now blasting off to new highs. In the last
two days on virtually no news. Nvidia has tacked on
another five hundred billion dollars of market cap on effectively nothing.
I think that you could be looking at the beginning
of a hyperbolic blowoff top, or you could be looking
at a severe equity correction here in the short term,
those are really wide outcomes. But I'm just telling you
all I know is I'm looking at the whole market
system right now. Yeah, and it's shape, it's shaking.
Speaker 1: Yeah. When I'm here, it's go all in on Nvidia.
Speaker 3: Yeah, So I would take I would take the other
side of that.
Speaker 4: I would just I would just telling people you got
Apple multiple accelerating towards forty five.
Speaker 3: I mean, it's just absolutely insanity.
Speaker 4: So for people at home, I would just say, hey,
as long as this stuff keeps going up, sell not liquidate.
Speaker 3: Take profits.
Speaker 4: This is fifteen years into the biggest bull run in
the history of the United States. Our valuations are getting absurd,
and if we blast off from here, it's going to
be the end.
Speaker 3: Like, just if we blast off from here, it will
be the beginning of the end. And I think you
can take that to the bank. So just sell into it, right,
just take profits.
Speaker 1: There's a new investment guide I'm looking at. It's the
Wasserman Lee Warner Guide to Investing, and this one's big.
I'll share this with you in a second, Zach, And
because man, they're performing overperforming. Yeah, I'll share this with
you in a second. Hey, there's a whole bunch of
small prints in the world, a whole bunch of small prints.
And you know, and I know when you read a contract,
have you ever done this? I'll do this. Like I
was at the hospital getting a surgery. This is my
sign of SURGI I was reading through some stuff and
I started to go through and cross out some things
in the contract. And initially I'm not this, not this,
and sign it. And the hospital administrator had no idea
what to do with that. She's like, I don't know
if you can do that. Oh, well I did it. Well,
I don't know if that's an enforceable in court. I
guess we'll find out if we.
Speaker 3: Ever go to court.
Speaker 1: And she did not process this and went and got
a claims person and like, well, I said, is there
anything in the contract that says I can't wind through things?
I don't see anything here that says I can't edit it.
So they accepted it. Now there's fine print in the
world of banking. And I love the people at my
local bank. I don't love the management. I have been
talking with the management of my local bank. I don't
like them. They don't have my best interest at heart
at all. And this comes to bear in some surprising ways.
For instance, let's say you're ten years down the road
with the medium sized business you've taken at a corporate
line of credit. And let's say that there is a
deterioration in the economy, or there's a force majure, something
bad happens at the company. You have to roll the
company up. God forbid. Well, you know what, that sucks?
That really hurts. At least we have a corporation in
the bank. Can't come after our personal assets. And then
you get an oue from the bank saying we're gonna
go and seize your checking account, saving's account, retirement account.
You can't do that. That was the corporation. Oh, I
beg to differ. You didn't readefined print. That wasn't corporate credit.
It's based upon your personal credit, and we're going to
do that. Your bank can probably do that to you. Likewise,
let's say God forbid, you get sued. Your corporation gets sued,
and the lawyer comes along and says, we're suing you
and your personal assets, and you go, no, you're not
just by corporation. Nope, we looked you don't have the
corporate veil? Do you know this has happened to people?
Don't let it happen to you. Go to the following website.
It's go bisible with the z dot com. Go bisible
dot com for free. They'll tell you if you have
corporate credit or the corporate veil, and if you don't,
they'll offer to fix it for you at a rate
that makes not fixing it an active insanity. Is go
bisible dot com. So, Zach, this is where I'm getting
my financial advice. It's from a firm called Schultz, Lee
and Warner. In other words, Debbie Wasserman Schultz, Susie Lee,
the Representative and Senator Mark Warner.
Speaker 6: Back in November, we noticed Representative Wie Wasserman Schultz buying
stock in a company called Biaset, and he really caught
our eye because it was the first time we'd seen
her by the stock. It was the first time we've
seen any member by the stock. Okay, So, Debbie Wasserman
Schultz sits on the Appropriations Committee and the Subcommittee on
Military Construction.
Speaker 3: That's not a good load right off the bat.
Speaker 6: And then in December it was announced that Biaset would
be awarded part of like a four billion dollar NASA contract,
and the stock just drove. Looks like they got another
big contract also with the Department of Defense right after
the NASA contract. A couple of years ago, we saw
a representative Susie Lee by stock in a company called
nine Medal Ryan, which is a German defense contractor, which
I mean that that rang one boss best because it's
like it was a stock we had I seen any
members trade to get poor and obviously very tight ended
the US defense policy. It's like they're doing a lot
of work with the army and later modernization, and that
there's big money in that. Susie Les sat on a
committee on Military constructure and since then the stocks.
Speaker 3: Is like, I think two hundred fifty percent.
Speaker 6: Last year we saw Senator Mark Wren Maullan by stock
in a company called Badger Meter, which really caught our
attention because Badger Meter makes automated water meters. And Senady
Mark Wha and Mollins that's on the Senate Committee on
Environment and Public Works, and we learned that the EPA
had recently passed in the mandate basically encouraging cities to
switch to automated water meters to here. Following the trade,
Vegeri meter stock rose around forty percent before Senator Mark
going position.
Speaker 1: They're killing it, Zach. They're really good investing. I mean
it's it's it's got to be the algorithm something.
Speaker 2: You know.
Speaker 1: How does that fail to know? You'd be in prison.
Speaker 3: It. That's why I was shaking my head the whole time,
is it's it's just out and.
Speaker 4: Out theft and and and fraud and corruption, and they're
just looting the bird and they're doing it in playing daylight.
Everybody talks about the pitchforks. The pitchforks should be out already.
I mean, this is just criminal. If I was sitting
next to them, okay, and acted on the information they
gave me, I would go to jail.
Speaker 3: And they're the public servant.
Speaker 4: I'm the money manager that's supposed to be the greedy
capitalist that's out for myself. Meaning when I walk into
the room, nobody thinks I'm there for their best interest
exu of my clients, right right, She's the public servant.
Yet if she tells me and we do the exact
same thing at the same time, she's good by it,
and I'm not I'm going to jail.
Speaker 1: Everybody, you got, everybodys understand the severity of what Zach saying.
So let me let the scenario and you tell me
if I'm wrong. Let's say that I am in the
Congressional uh cafeteria, and let's say that Mark Warner is
down there, he's having his breakfast cereal, meet with the staff, whatever,
and he leaves on his desk a memo saying, Hey,
this legislation is good. Uh, this mandate's going in place.
Water meters are going to be these these smart meters
are going to be required. And right next to that
is a by order for this company. If I glanced
at that one, huh, and went bought, and they found
out I did that, I would go to prison. Mark
Warner would not. Yes, that's and if.
Speaker 3: You if you were, if if you knew that it
was inside information.
Speaker 4: That's so I know, I know, And and and those
rules apply to you whether you're whether you're in the
industry or not. And and there have been horrific miscarriages
of justice using that legislation, you know, like there was
like the Martha Stewart like that was a joke.
Speaker 3: She met like there was a joke and she went
to jail. I mean she went it was kind of prison,
but yeah, but it was prison.
Speaker 4: And and these people are just and and they're so
full of it.
Speaker 3: Man, you know, we can't get the votes. Isn't that weird?
Speaker 4: How they We've got these things like the carried in
for slop hole that we've talked about, govern Congress's ability
to to to trade stocks, even the ones that pertain
to inside information.
Speaker 3: Right, we we.
Speaker 4: Know these things, and yet we still keep voting these
people in.
Speaker 3: It's just it's unconscionable.
Speaker 1: Yeah.
Speaker 3: And then you.
Speaker 4: Know, especially with our friends on the left, they're looking
at us going that corruption at Trump and I and
you're looking at.
Speaker 3: Them going just leez, look just look at your side. No,
it's you.
Speaker 4: And you're like, okay, all right, man, they're not just
stealing from me.
Speaker 3: They're not just stealing from me. They're stealing from you too.
Speaker 1: You it's amazing, shall not steal?
Speaker 3: Yeah?
Speaker 1: Yeah, And that's the and the accounting how weapons. Here's
a crazy thing about God is he doesn't need accountants.
All the math is in his head. All the maths
in his head.
Speaker 3: Yeah. But here's the other thing. I don't understand.
Speaker 4: I don't understand why Trump won't step up there and
just say, hey, here's a bill we're putting out. Congressional
members can no longer can no longer trade stocks.
Speaker 1: I think I know because he's not going to get
support from his side. He's going to get embarrassed and
Republicans aren't going to back it, and they're gonna park it.
So he could use a bulletpulple done that. But Trump
is like, he's got his focus and sometimes it's not
our focus. I think immigration, he's sincere on that. I
think he sincerely wants peace. I'm really worried about Gaza
because there's a lot of talk that they really have
a fifty billion dollar plan to build a resort in Gaza,
and that Trump's son in law is in on this.
If Jacob Kirshner, if he builds a resort in Gaza,
this could be one of the biggest, most unconscionable, immoral
acts in the history of the world.
Speaker 3: I thought that was a joke.
Speaker 1: Yeah, so did I, And then I heard Kirshner talking
about a fifty billion dollar plan in sixty minutes, and
I don't want it to be true. But we need
to be able to question these things. I want to
get into these big companies and this, this thing you
told us before the show, because this I don't know
why this strikes fear in me. God tells us to
not have hearts of fear. But you know, just God said,
know that I'm the Lord. Like be still and know
that I'm the Lord. So I want to get into
this in a second, and by that, I want to
talk about these corporate jobs that Amazon says they can cut.
We'll do this with Zach ever I'm in a second.
I want to just tell you something real quickly about
our friends at Renew Healthcare. This is who they are.
I got a note from a friend of mine and
she was in my war room. She still does the
warm room, and she's a good, committed Christian lady. She's
not a part of arta with some friends, and she
gets sick. Now this is anything to do with stem
cells stars, I know she's kind of really concerned. She's
in Mexico, she has like doesn't really speak the language
down there with family, and she texted me and said,
I'm really scared. Would it be possible at all for
me to talk to your doctors down here, and again,
this is nothing to with stem cells. I texted Steve.
You met Steve Zach when you were down there with
dinner with Steve. He's the managing partner. I texted him, said, hey, man,
I'm sorry to bother you. Would you do a favorite
for a friend of mine. She's feeling really sick and
she's afraid, and she's in Mexico. Could she possibly talk
to one of your doctors just to get some guidance.
Not two minutes later, Steve writes back, absolutely, give him
my number. I mean, this is a guy running a
really advanced health clinic and he's just going to do
this because this is who he is. So when we
talk about the stem cells, when we talk about testing
your heart to see if you're likely to have a
heart attack, the fact that they've saved the lives of
three podcast family members who went down there for stem cells.
One of them was the wife. She wasn't even there
for stem cells, her husband was. She was just really
tired and they said, please get this check. Turned out
she was fixed and a heart attack. Same thing happened
with the gentleman who is down there, same exact thing.
Both of them had to have surgery that day. Their
lives are saved, and they're doing this for my friend
and I do won't say your name. That's who they are.
So you've heard us talk about this. This is how
a buch you can trust them. If you've put this off,
stop putting it off. Go to renew r e n
ue dot Healthcare. That's renew r E n u e
dot Healthcare. And I'm planning to be down there December
twelfth through the seventeenth. I hope you joined me for
that renew dot Healthcare. So Amazon is targeting it says,
and this has been Reuter's others, and I think they're
one of the five companies you might be saying is
bigger than the US economy. They are going to be
getting rid of thirty thousand corporate jobs. And they're saying
this is AI. These are not the jobs that are
used to being cut. These are not people in prime.
It's not people packing boxes, not that that's a bad job.
All work is honorable, But you're talking about some pretty
upity up people here. This AI is going to cut.
I don't think these guys thought was going to cut them.
I think they thought this was another person's problem.
Speaker 4: The interesting thing when you get into AI, and I
think that the tech industry, and I think that the
rest of the financial world is really forgetting about a
flip side of this whole thing, AI is going to
effectively completely undo their business models. And what I mean
by that is AI is going to be the beginning.
So AI is going to take the same race that
was defined by Moore's law, right, the doubling.
Speaker 1: Of compute yep.
Speaker 4: It's going to apply that to every tech company yep,
which means that the structure of their businesses have to change.
Speaker 3: When you look at the tech companies, and Amazon and
Microsoft would be a perfect example.
Speaker 4: They have businesses that I like to refer to as
like turnstiles, meaning the majority of the work and the
cost are realized upfront, and then the amount of people
then required to maintain it and make it run are
very minimal yep. Right, But even though you do not
have to keep putting that kind of capital up but
the profits increase, right, So literally, as you're amortizing the cost,
the lower and lower over the year, the profits from
that same entity, that turnstile that you built, are increasing, right,
just just just through you know, inertia effectively. Yeah, and
when you look at all those tech businesses, and if
you look at SaaS as an example, software as a service,
that's the business model.
Speaker 3: Okay, you flip over to AI.
Speaker 4: AI is going to be it is going to make
the whole tech industry subject to Moore's law. But whatever
they refer to the AI version right right, because new
ais are going to be popping up constantly that are
going to be endangering ecosystems, endangering investments that already happened.
Speaker 3: And the other thing is when you think.
Speaker 4: About the sheer size of the amount of investment that's
going into this, I think AI is going.
Speaker 3: To be a really big deal. But when you look
at this is the part of it that I think
everybody forgets about.
Speaker 4: The profits in the revenues are going to be big,
but that isn't enough. They need to be big as
a percentage of the investment, right yep, Like the profits
from these investments need to exceed the.
Speaker 3: Investments, Okay.
Speaker 4: And so when you look at the trillions that's going in,
this is the biggest CAPEC cycle in the history of
human beings.
Speaker 3: Right.
Speaker 4: When you look at the level of capital that's going
in it's I'm not a pessimist. I'm just saying you're
looking at the world and going man. Productivity either needs
to go through the roof or GDP needs to miraculously
increase by fifty percent over the next five to seven years,
or I don't see how in the world you're ever
gonna make a meaningful amount of return on this investment
in such a relatively short time. Meaning you can come
up with the greatest product in the world, and if
enough people can't buy it, it doesn't really matter, you
know what I'm saying. And so the more you invest,
the higher that hurdle becomes. Like you know, you for instance,
you could create the most unbelievable technology that does the
most unbelievable stuff in the world, but if it takes
you an amount of money that you won't be able
to generate a positive return on that technology in the
first ten to fifteen years.
Speaker 3: It doesn't matter, right, Like it doesn't matter?
Speaker 4: Ye, So I look, I think a lot of people
are looking at this wrong. I think that AI is
going to wreck more tech companies than it helps. Now,
the ones that get it right are going to be
in the cab bird seat, But a lot of them
are going to get it wrong.
Speaker 1: But we're going to have companies. I envisioned a company
with a boardroom and AI like Amazon becomes a company
of what five hundred people. I mean, I know they're
going to need delivery drivers for.
Speaker 3: A while, for a while, not very long.
Speaker 1: I just saw the first and I'm going to try
to figure out how to put this on the show.
I watched the first full length ad for the first
robot in your Home? Have you seen this?
Speaker 3: It's it's yeah, I've seen us some of them. Yeah,
I've seen some.
Speaker 1: So the ship as your house. It comes in a
creepy invasion of the body Snatcher's egg, and the egg
opens and it stands up in is hello, and I
forget his name, its name, and it introduces itself and
you're supposed to tell it your name, and I'm here
to make life easier for you. And it follows you
into your house, and I guess you kind of show
it around, and it has ais, of course to show
itself around. So it's emptying your garbage, then it's emptying
your dishwasher. Just to have kids, Well, that's what I
was saying, right right, That's why we have kids. Empty dishwashers.
Speaker 3: Hey.
Speaker 4: The flip side is maybe this will stop the people
not having kids tread right because they can't afford a.
Speaker 3: Robot, right like, Hey, who's going to take your garbage out?
Who's going to mow your lawn? Yeah?
Speaker 2: Right?
Speaker 3: Kids? Right?
Speaker 1: Right? Yeah, if we could just got.
Speaker 4: Mine, Speaking of which, I got him out there clipping
my no, no, no, little whole app Yeah, they're out there.
Speaker 3: We don't don't do school.
Speaker 1: We do work, right, because work is learning. But I'm
looking at this and who are we when we have
a there's a scene in this this ad. This guy's
on his couch and he calls the robot. We take
this to the counter for me. It's his water cup.
Who are we that we need to sit on a
couch and not take our own water cup in? And
he's got his girlfriend coming to the house. Go to
the door and let who are we when you don't
get off the couch to welcome a guest to your home?
Speaker 3: Did you ever see Idiocracy?
Speaker 1: No?
Speaker 4: Okay, so in Idiocracy they actually hooked up toilets and
and and beverage. The Spenser's two lazy boys, so you
never had to get up. No, no, it's crazy that
that movie. I remember that movie came out. It's funny,
it's kind of foul. I'm not recommending it for family
viewing at all. But it's this it's this horror escape
of the future. I thought it was a comedy. It's
starting to feel like an episode of The Simpsons where
it's like prophetic and it's it's everybody wears shoes without
shoe strings because nobody knows how to tie shoes. You know,
you're watching people crops making a comeback. It just freaks
me out.
Speaker 3: It freaks me out.
Speaker 1: Yeah, okay, well, we need to get into the companies
that are pushing Tim of this stuff, because it told
me about these five of these companies that are valued
bigger than something that's really really important. So we'll pay
that offer. In just a second. I was just I
went over to Bonefrog Coffee dot com slash Todd because
I learned Tim Tim Kruk Shank and I know you
watched the show and listen to it. I learned you
were here in Idaho this weekend and didn't call me. Yeah,
oh cool. I'm not hurt that much anymore. It was
hurt pretty bad when I learned about it from Jack.
Because you saw Jack. Oh yeah, not anyway doesn't mean
I'm not I'm gonna talk about your company. I didn't
know about Operation three hundred. This is in medium Roast,
Bonefrog Coffee dot Com slash Todd available on Holding French
Press or Drip Fine Espresso Turkish. Here's the story. Operation
three hundred was founded in honor of Special Operation Sheaf
and Seal Aaron Carson Vaughan. Aarin was killed in action
on August sixth, twenty eleven, when a chopper carrying thirty
Americans are shut down in the Tangy Valley River of
Afghanistan while rushing in the battle. Oh I know about this.
Tim told me about this. Aaron's life story and legacy
inspired the creation of Operation three hundred. The heart of
Operation three hundred is about taking care of families of
our fallen heroes and sacrifice for our country and the
member of a member of them. OP three hundreds founding
program is gold Star Kids Camp. The kids provide an
opportunity to participate in activities that embody the spirit of
adventure that characterize the lives of their absent parents, while
fostering a culture of courage strength, freedom, endurance, and honor,
godly morality that has been embodied by fearless patriots throughout
the history of our America Republic. So this was an
amazing story. This guy, Zach, you want to talk about
a dude that we just be honored to know. He
was shot out of his helicopter, lands in the grounds,
broken femur lifts himself up on one knee with a
couple hundred Taliban coming at him and starts taking guys out.
Speaker 3: That's a bad operator there.
Speaker 1: And they had shot their helicopter was unstable, it had
been shot by RPG. They're trying to land the bird
all the while they can see what's happening to their guy.
All the while they're watching this guy. So he's switching megs, meg,
switching tactical switches, and these guys are still coming. He's
still taking tali's out. They're not. They haven't hit him.
He's out of rounds for his rifle. He goes to
his secondary, which is, you know, a pistol, then goes
to his third pistol, still unloading these guys. Can you
imagine the Taliban like, who is this guy? Yeah, And
finally they got to him. Right, and yeah, he gave
his life there. And that man Tim Tim when he
was telling the story man we were at and he said, uh,
you know what, our guys landed their bird and they
went and killed every single sob who touched our guy.
Speaker 4: Yeah, I bet that that's like shoot, that's like Shoecart
and Gordon in Blackhawk down the two snipers they dropped
in there.
Speaker 3: Yeah, bad bad mothers.
Speaker 1: Yep, yep. So honor this guy. Go to Bonefrog Coffee
dot com slash todd by this full bodied, rustic, earthly
tone low acidities from Costa Rica, Guatemala, Samatra. It's Bonefrog
Coffee dot Com slash todd. You save ten percent of
your first purchase with promo code Todd at checkout, fifteen
percent on subscription coffee. Again. This roast is called Operation
three hundred. You told me there are five companies in
the United States whose value exceed.
Speaker 4: What yeah, so as of today because it en Vidia's
miraculous five hundred billion dollar market capitalization appreciation here in
the last forty eight hours. When you look at when
you look at Nvidia, Apple, Microsoft, Wait, in Vidia app, Microsoft, Google,
and Amazon, you're looking at just I think it's like
nineteen and a half and change, just right around twenty
trillion dollars.
Speaker 3: Hey, the US economy is twenty nine trillion.
Speaker 4: Five companies are now worth over sixty almost seventy percent
the size of the entire US economy. So people say,
what does that mean? Truthfully, it means less than it
would have in past years because those companies we all
know have become much more international, So their value in
comparison to the size of the US economy isn't as
alarming as it would have been in yesteryear.
Speaker 3: Here's what should be alarming. When you have.
Speaker 4: Corporations like in Nvidia, that in and of itself are
worth fifteen percent the size of our economy. Okay, to
think that they will not wield outsized power and influence
is lunacy, right, And I would tell you that when
you have corporations domiciled in a country our size.
Speaker 3: I don't think it's I don't. I think it's almost impossible.
Speaker 4: That those companies do not have illegal and immoral and
outsized and undue influence. And if you want to know why,
I say that, what did the last presidential election cost
in total? I think it was right around three billion dollars.
Speaker 1: Yeah, right, they can purchase this with interested earn on
a payroll account for one division over a weekend.
Speaker 3: Yeah.
Speaker 4: So when you look at the level of money that
is involved to run this country, and you look at
how expensive it is to get elected now, and you
look at all these factors, and then you look at
so much concentration of wealth and power in so few hands.
Speaker 3: Guys, it's top heavy.
Speaker 4: It's it's the same dangers of having you know, nobody
would sit there and look, hey, we're going to design
a skyscraper, but I want the top floor to be like.
Speaker 3: Ten times as heavy as the others. Right, nobody would
do that. Yet That's what That's how our economy is
currently structured. It's not good for working people.
Speaker 4: Todd, Just Todd, just you know, you just illuminated one
of the biggest reasons why Amazon cutting caught are cutting people? Right,
Look that happens. They're going to add people, they're going
to lose people. But bottom line is the less competitors.
Think how many do you think? How many little niches
and sectors of the economy that Amazon has nuked?
Speaker 2: Right?
Speaker 4: And look for competition and good read like I get
all that I'm not saying, I'm just saying, as a statement,
oh geez, sorry, I'm getting my camera flew off my
perch here. But just as a statement of fact, it's
driven a lot of small operators and family businesses out
of business.
Speaker 3: And so when you concentrate.
Speaker 4: All that control in one place and that company decides
it's going to pivot and doesn't need as many workers,
you get drastic amounts of people laid off in a
really quick hurry. And remember the other reason that you
can't have monopolies of that size is now you have
entities that together rival the entire financial might of the
US government, and so you have no effective way of
pushing back, right, Like what what?
Speaker 3: You can't compete against something?
Speaker 4: No?
Speaker 1: No, just think about it this way, think about it,
and like I'm not I'm not asking for more regulation.
I mean I do think we need to look really
hard at me at at at laws and regards to monopolies.
I really do, particularly Google and the ads and searches
and all those things tied together. But let's sick Pfizer
just as one example. It's not when you're a big five,
but it's it's a good comparison Pfiser gets hit with
the biggest criminal and civilifying in history and goes, eah,
that sucks all right. Next, so the seregulatory body comes
along to Amazon says, you know what, you broke some
major laws in shipping some stuff, et cetera. And there
were things that there were illegal things and and people died,
and you know, we're going to find you ten billion dollars.
Amazon's like, uh, probably gonna write that off. Yeah, Oh,
I don't know. Let's take this out of petty cash.
There's we're going to find you one hundred billion dollars.
That's gonna sting a little bit. Might need to sell
some sock, might need to sell some of our own stock.
Like there's nothing you could do.
Speaker 3: No, there's just too big. Yeah, they're just too big.
Speaker 4: And and you know, as a capitalist and as a
free market guy, I hate saying this, but I don't
understand how you can sit there and act as though
size in and of itself isn't a problem. And especially
in a in a in a rapblic like ours, right,
it's you cannot have you cannot have a properly functioning
economy with that much wealth and that much concentration of
power at the top. You just can't do it. And
our whole system wasn't designed to work that way.
Speaker 3: It just wasn't. It was designed to spread the power out.
And by doing this it The.
Speaker 4: Other thing is that you're also allowing, I mean truthfully,
what you're allowing that unholy union between big business and
government is, and you should have everybody should have recognized
it in the Twitter files, is that, of course there's
going to be collusion for reasons that we've already mentioned.
And because there's that collusion allows the government opportunities and
avenues behind the scenes to do things that are untoward
that they otherwise wouldn't be able to do out in public.
Speaker 1: Right, censorship is illegal, even if they deputize people to
do it. But who's going to pay the cost? Because
I can see the big business going, oh, it's not
going to be us.
Speaker 4: Right well, and they're right right right, because all they
have to say is you need to put that.
Speaker 3: Email in a more coercive tone.
Speaker 4: So if this ever blows up, we're like, hey, we
when the White House tells you to do something, you
got to do it right.
Speaker 3: So they'll be able to wash their hands in it.
They'll be good.
Speaker 1: Yeah, well nasty. We always have to do. This is
to let's go back and ground ourselves in God His words.
We are not citizens of this world. We are visitors.
Our ultimate home is is Jesus Christ in the New
Heaven and the New Earth. We are sojourners. God has
already judged all of this. Great thing is Zach, You
and I can use a discernment. We can judge people
and organizations by their fruits. And then what God can
say is, hey, great show, guys, super fascinating. Glad you
illuminated that. Now about the logs stick it out of
your head, herman, and the logs, stick it out of
your eyes. How about you go clean those up, come
back to me, and then talk more about Jeff Bezos
and his companies, et cetera. We can rely on that,
and it's God will judge, already has judged, and he
knows motives, et cetera. So let's give glory to God
in that front. In that sense, I always appreciate the
wise counsel my brother and we got to break news today,
even though it's a couple days later, it happened on
our recording. We should get credit for that. In fact,
we might cut that peace out and make it a
YouTube clip for the people in the tubes. God bless you.
Appreciate you, Zach. This is the Todd Herman Shaw. Please go,
be well, be strong, be kind, and please make every
effort to walk in the light of Christ.