The Todd Herman Show
Will “Good-Think” Determine If You Are Allowed to Have Money Zach Abraham Joins. Ep-1727
The Alliance Defending Freedom is looking into how religious and political organizations have been lumped in with terrorist organizations and have been banned from banking services. Zach Abraham and I discuss if this is something the government intends to do on a large scale. We also talk about the possibility of a parallel banking economy and if the de-banking trend is a move towards the mark of the beast.
What does God’s Word say? Revelation 13:11-17 The Beast out of the Earth 11 Then I saw a second beast, coming out of the earth. It had two horns like a lamb, but it spoke like a dragon. 12 It exercised all the authority of the first beast on its behalf, and made the earth and its inhabitants worship the first beast, whose fatal wound had been healed. 13 And it performed great signs, even causing fire to come down from heaven to the earth in full view of the people. 14 Because of the signs it was given power to perform on behalf of the first beast, it deceived the inhabitants of the earth. It ordered them to set up an image in honor of the beast who was wounded by the sword and yet lived. 15 The second beast was given power to give breath to the image of the first beast, so that the image could speak and cause all who refused to worship the image to be killed. 16 It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.
Episode 1,728 Links:
- The Left’s Latest Power Grab — ‘De-Banking’ Christians — Is Literally Apocalyptic
- JUST IN - U.S. inflation rises to 3.5%, hotter than expected.
Alan’s Soaps
https://alanssoaps.com/TODD
Use coupon code ‘TODD’ to save an additional 10% off the bundle price.
Bioptimizers
https://magbreakthrough.com/toddfree
Visit this website to get your 30-capsule bottle of Magnesium Breakthrough for FREE today! No promo code needed.
Bonefrog
https://bonefrogcoffee.com/todd
Make Bonefrog Cold Brew at home! Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.
Bulwark Capital
Bulwark Capital Management (bulwarkcapitalmgmt.com)
Sign up today for Zach’s free webinar Thursday July 25th at 3:30pm PDT at KnowYourRiskRadio.com.
EdenPURE
https://edenpuredeals.com
Use code TODD3 to save $200 on the Thunderstorm Air Purifier 3-pack.
GreenHaven Interactive
https://greenhaveninteractive.com
Need more customers? Give Dave a call to get customers online!
Liver Health
https://getliverhelp.com/todd
Order today and get your FREE bottle of Blood Sugar Formula and free bonus gift.
Native Path<br...
- Duration:
- 51m
- Broadcast on:
- 19 Jul 2024
- Audio Format:
- mp3
If you're a facilities manager at a warehouse and your HVAC system goes down, it can turn up the heat, literally! But don't sweat it, Granger has you covered. Granger offers over a million industrial grade products for all your operations, including warehouse HVAC maintenance. And even better, they offer access to experts and fast delivery, so you and your warehouse can both keep your cool. Call 1-800-Granger, click Granger.com, or just stop by. Granger, for the ones who get it done. So, hey, listen, I was looking at a little testimony from a guy, and he was saying some things and some stuff, and he's with the Alliance Defending Freedom, and he's their senior vice president, his to desk coach, I've heard to desk. He just said some crazy things, like, the US Treasury is working with banks, to de-bank conservative companies, and organizations, and churches, and Christians, and they intend to expand these rights. And they've done this to a United States senator, like, hey, senator, or a retired senator. You don't get to have a bank account anymore, because you have problematic views. So, I thought what I'd do is call Zach Abraham, and we did! And he picked up the phone. After I got through his people, that was tough. So, say again your name, it's Todd Herman, okay, one second. Hello, Mr. Abraham's office. Yes, hi, I'm having a plate with Zach. Okay, this is Mr. Abraham, say again your name, sir. Todd Herman, one moment. Hello, Zach Abraham's office. London. It wasn't quite that bad, but he just, he doesn't do any of that. I'm fun in here. Zach Abraham, chief investor, master, bull, cop and manager. We're going to talk about that. Our young people are going to be allowed to have money. Plus, we've got a groove on this NPR thing. The Todd Herman show is 100% disapproved by big pharma technocrats and tyrants everywhere. Now, from the high mountains of free America, here's the Emerald City Exile. Todd Herman. Today is the day the Lord has made and these are the times. So, which God has decided we should live. Appreciate you being here. If you're watching in the video service, you're about to see Zach Abraham. That's good for you. If you're not yet in the video service, you can subscribe at video dot the Todd Herman show.com. Good afternoon, my brother, Zach. Good afternoon, indeed. Happy to be here. I was, sometimes I go through and scope your Twitter channel. And you were on this NPR thing. And this is a fun little bit, the free press. I've been at NPR for 25 years. Here's how we lost trust, lost America's trust. Uri Beerliner, a veteran of the public radio institution, says the network lost its way when it started listening, telling listeners how to think. And the Empire Strikes Back, Molly Hemingway points out that David Falkland thick. He tweeted that NPR news chief defends newsrooms record after senior editors, says networkers, lost America's trust. So, Edith Chapin is the NPR's news executive. You want to know what her claim to fame is before this act? I know, I'd love to know, though. She was the one who wrote the piece about why NPR couldn't possibly do journalism on the Hunter Biden laptop. So, now she's saying, no, there ain't no bias there at NPR. So, what'd you think of this whole thing? You know, I had a similar reaction to that story as I did watching the Sheila Jackson Lee conference. Is this the one where the moon is made of gas? Yeah. Yeah. Yeah. And to me, that's an all-timer. That belongs in the Hall of Fame right up there with the guy that was worried about Guam tipping over. Hank. Remember that one? Yeah. Remember his full name? Are you afraid that the island made capsize? And I love the general. He's so calm. Um, Congressman, I don't think the island is going to capsize. Yeah. If you look at the general, though, you can tell he was just holding back. Oh, my gosh. Can you imagine if he'd burst out laughing? No. Racism. I don't know if I could have, I don't know if I could have held it in. Oh, I would have belly laughed. I would have blown snot. Yeah. I would have been a snot blower. And then I'd have to cover it up and I'd be like, sir, the reason I'm laughing, is it you? Because that question had us sleepless for the last six months and nobody else gets it except you, right? No, I would have been saying I'm not laughing at you. I'm laughing through you. Yeah. Yeah. Yeah. I saw that. So, but compare that to NPR. It's just that they're going to now say this doesn't happen. Yeah. Yeah. Just like we're, you know, I guess the, look, okay, you know what, I'm just going to say it. I was as surprised at NPR for, for, you know, well, they didn't officially, but I was as surprised as that for about that guy's account of what took place at NPR is I was to find out that Sheila Jackson Lee was as, let's put it this way, intellectually challenged as I would have thought, right? Yeah. Yeah. And I got to tell you, go ahead. Just, I think everybody needs to sit back and think about this. Okay. What does it say about us that we have elected leaders that think that a earthquake is the side effect of climate change, that the moon is made of gas. This isn't a Saturday night life skit, right? This isn't the, this isn't what's his name, uh, pretending he's Harry Carrey talking about if the rib, if the, if the moon was made of cheese, would you eat it, right? This is, this is an elected member of Congress that thinks that the moon, and then the stuff she said about the sun was as equally bizarre. These are not off color moments. These are thugs. Okay. And that has nothing to do with race. These are thugs that are political thugs and political hacks that have forced, bribed or stolen their way into public office. Yep. And these people don't have the knowledge base, the wisdom or the foresight to run a lemon nade stand, let alone a government. So, so let me ask this because I, do you know my Sheila Jackson Lee story about the running car? No, but tee it up. I mean, it's got to, yeah, I'm already, I'm going to tell you that, that I got to tell you about NPR, that we got to get under this thing about, this is an amazing testimony, Jeffrey Dadesko, Alliance Defending Freedom. I mean, he went through example, after example, for example, deep banking, including a former US Senator, sorry, Senator, you can't have a bank account anymore, because I have three important questions for you about that. If you're a facilities manager at a warehouse and your HVAC system goes down, it can turn up the heat, literally. But don't sweat it, Granger has you covered. Granger offers over a million industrial grade products for all your operations, including warehouse HVAC maintenance. And even better, they offer access to experts and fast delivery, so you and your warehouse can both keep your cool. Call 1-800-GRANGER, click Granger dot com, or just stop by, Granger, for the ones who get it done. All right, Sheila Jackson Lee, here at Zack Abraham, I'm in Washington, D.C., I don't know if you know I'm kind of a big deal because I worked in D.C., so I had a couch in my office and stuff. I had two windows. Yeah, I know. It sounds like a Hollywood movie producer. It was actually a couch that sat outside Nancy Reagan's office. She had an office at the RNC. It was Candy Kane's story, but it really was a Nancy Reagan's couch. No kid. Yeah, one of her small couches. So we're sitting there, and we're having a meeting the morning that Cap & Trade is being voted on, one of the Cap & Trade votes. And Zack, for an hour, there is an SUV running outside my window. And I'm like, someone's got to turn that off. And there's a driver sitting in it, running, running for an hour. And it's just, you know that, it's just, it's that white, it just, and it just grates on you. And you were open to it and you say, "Shut up!" So we're watching and having three kids. It is. Here comes Sheila Jackson Lee out of her apartment, walks downstairs with a guy guarding the great lady, the great lady, and I go, "Get a camera, get a camera, get a camera." I made all my staff before I, before all phones had good cameras. We had these flip cameras. Get a camera. We film her. She walks down the steps. She gets into the SUV that's been running for an hour, "Trace it, trace it, run, run!" They got the building. The car drives for about 90 seconds, the SUV, into the Longworth parking lot for the Longworth Congressional Building. The great lady exits the car and the great lady's escorted into the building where she's about to vote on Cap & Trade. The great lady's car, the SUV, continues to run. One of my staff went to the driver and said, "Hey, how long do you keep it running?" As long as Congresswoman wants. Why? She don't like a cold car. She's voting on Cap & Trade because cars are destroying the planet. That's my Sheila Jackson Lee story. It works perfectly. She went up a few pegs of my book. Well, she did. I'll tell you why. It goes back to my own line of not contributing to conspiracy, that which can be explained through stupidity. She's more altruistic than I thought. Let's put it that way. Meaning, I realized the other day watching that and then hearing this, I realized that she's not twisting her mustache in a smoke-filled room coming up with these strategies. She's not a smart person. She's not a smart person. Did you hear the whole quote? You got to hear the whole quote. If everybody's listening, don't just take our word for it. You got to go here because it wasn't just what she said about the moon. Then she started to wax scientifically on the sun and that was as equally. She's like, "You can't go anywhere near as close to the sun as you can the moon." Close to the moon. You walk on the bloody thing, lady, like, "What are you talking about?" Well, you can't wait. Zack, it's liquid. You can't walk in liquid. You're not Jesus. Jesus walks in liquid, you can't do that. Let me tell you, I get you NPR story. You know this guy, but I can't say his name. Hold on. I can text you. No. Wait. I still maybe met this guy. When we were working in radio, you and I both knew a guy in common and I'm going to text you to see if you remember this guy. He was a good guy. He was a super nice guy and I mean, truly was. He was a liberal but not crazy. In fact, he hated the liberal thing about blocking highways and all that. He'd said, "I'd get out of my car and punch a person if they did that to me. I'd text to do his name." Oh, yeah. I used to have on my show from time to time. He got fired and I hated that. He was actually really good at radio. I enjoyed his show even though it was liberal. He didn't do, he actually didn't do that much politics. I saw him walking in the street in Seattle one day. He'd gotten the job at public radio and I stopped and go, "Hey dude, it's good to see you." I mean, how is this gig? He goes, "Oh my gosh." I do an hour a day and five people work on my show. I walk into the studio, the researchers done, the printouts are done, the soundbites are pulled. I sit in a studio with five people, I got a board up, I got someone taking calls, I got someone doing live research and after an hour, I leave. They're script readers. It was good for him because he just told him what he wanted on the show. Tomorrow I want to talk about hockey. Okay, we'll talk about hockey and some things in the news. He sat and he did this. Zach, when I worked on Russia's show for like 200 times, the highest number of people who ever worked on that show ever three. Rush had a five-year, $750 million deal because he made billions of dollars for the network. Three. Now, there are a bunch of people in russianlimbaud.com, et cetera. I'm not here to say that it was only three people, but live on the show three, guess who did the show research? Rush. And James. Period. That's it. Yeah, Bo was just, Bo was just the producer, right? He was just, you know, both did a lot of prep. So James is Bo. Oh, so yeah. Oh, oh, oh. So sometimes James screen call it James is Bo, but yeah, on that show, that successful radio show had fewer people working on it than a one hour local public radio show in Seattle. Who is that all government funded? It's like 25% government funded. So you're writing a check for that. Where else they come up for the other funding? Oh, it's underwriting. It's companies who want to cozy up to that. Oh, yeah. Right. Right. AT&T the underwriting stuff. That's, that's how that's done. So that's. Can you tell, can you tell I have spent way too much time in the private sector, especially being self-employed because I don't, I don't, I don't, I lack the skill to understand how that bureaucratic cozy up to power game is played. It catches me off guard all the time. No, cause I get it because you have the crispest financial mind I've ever known. And so I'm a little baffy to go, wait, how do they pay for that? Graph. Yeah. This portion of all things considered underwritten by AT&T, America's communication network. This portion of all things not considered underwritten by Starbucks, where we back chemically surgically mutilating your children, coffee. I, I would venture to guess they got some Pfizer spots that run on their own. Oh, you think? Yes. I'm so good at it. I'm so good at it. Underwritten by Pfizer because we care about you, right? I'm constantly now amazed when I go into stores at how much garbage I have bought in my life. Truly amazed. You know, I still have an occasional monster soda and I even have a little bit of gum from time to time. And just this morning when I was buying this gum, why? Because they're moving around people, they don't want to be breathing Brad breath. So why don't I just have a toothbrush and toothpaste around? Why don't I just do that? Like, just toothpaste any better? Why don't I just have mint around? I know that makes me sound like a hippie, but I'm really beginning to look into grocery carts. Like, I was in a store this morning and there's this guy buying cigarettes. And I'm thinking, Oh, brother, please quit smoking. And here I am standing here buying useless gum. I mean, yeah, it's probably not going to kill me. This will kill you eventually or most people make you very, very sick. So when I find that I'll turn it to this, I am going to embrace it. That's what I've done with native path, Krill. I've embraced it like I've embraced drinking water instead of the next cup of bubbly soda. I've embraced native path, Krill. And I've dropped ibuprofen and you can do the same thing. Native path, Krill comes from the cleanest waters to which we have access. These are in the Antarctic. They're relatively free or very free of heavy metals and toxins that are in so many of the other portions of the ocean. They're crustaceans, obviously different from fish and the resulting omega-3 oils are far, far more absorbable up to 400% more absorbable than that which comes from fish. And it's not just inflammation. It fights. It prevents your gut lining from being destroyed, which is what ibuprofen does. Well it dulls the pain from inflammation. It causes more inflammation. Therefore, you take more of their product. Ain't that what pharma does? Isn't that why I'm standing in line buying gum? It's not because it makes my breath smell good. It's because I like chewing the garbage. Please toss pharma. Go to nativepathcrill.com/tod. Find out the specials they have for you today. Get off the ibuprofen. Don't let it harm your liver. Don't let it come for your kidneys. nativepathcrill.com/tod, take the omega-3s that are far more absorbable, nativepathcrill.com/tod. I got a shift gears. I got to ask you three questions. I've been told that what? We've put them up at the teleprompter. Hold on a second. We're going to reset the teleprompter. Hold on. Hold on. No. Run it slower. All right. You know I'm just a teleprompter reader. I just slow it down right there. So there was this testimony by a guy who is with the Alliance Defending Freedom. We'll probably play this next week in some detail. He went and testified in front of Congress and he talked about several examples. His name is Jeffrey Tedesco, Senior Vice President at Alliance Defending Freedom. Several examples of conservative organizations, Christian organizations. There was a mission group that all they did is they took the word of God and Bibles and food to Uganda and they got de-banked, a retired U.S. Senator's been de-banked. They've uncovered documents showing that the U.S. Treasury has worked in conjunction with these banks telling them you're going to bank these groups with problematic views. Now we know about social credit. We know this is all coming. It's all of that is very, very clear. But my question for you is do you really think the government is willing to do this to people? Like on a large scale? Well, I don't think it's, okay, so let me get into my whole scyops part of the theory of it. I don't think that any of that stuff is effective on a large scale, right? Like just evaluating the human behavior or the way people think. Because if it was done on a large scale, then the curtain gets pulled back and everybody including those who are politically supportive but also that aren't politically supportive will have to confront that reality, right? And I think it's kind of akin to how you hear, like at the end of the day, what election you're going to see it reflected in, I don't know. But at the end of the day, at the very least, the whole vaccine thing has cost the government a lot of credibility, right, at the very least, right? And I kind of think you can look at that as a microcosm, if they start spreading that out on a larger scale, I think it has diminishing returns, right? Because people become aware of it. If you keep it on the fringes, I think it's highly effective because it can shut down some of the largest voices that are pushing against you and everybody in the mainstream can write off anybody that's addressing it as a conspiracy theorist, right? So I just think it's more effective when it stays in that smaller scale realm. Okay, so when they're picking individuals versus going after all of us, right? Is that right? Yeah, I think yes. I think it's more effective. But then if you look at government or legislative creep, that's always how, and then eventually we sell it by, hey, the reason we all have to do this is to keep all of us safe, right? So I think it is the camel getting its nose under the door or getting its nose underneath the tent, but no, I don't think that they can just roll that out writ large. I think it takes time, I think it takes conditioning, and the other thing too is that, like I said, you've woken up a lot of people that still may not consider themselves enemies of the left per se or enemies of woke, but are certainly more on guard and yeah, I don't, will they try to? Absolutely. I mean, you know. So it's amazing to me that people can be this ferocious and I know that's weird. I mean, I'm very cynical about DC, I don't trust any institutions. God told us all these things, but that's a ferocious thing to say. You no longer get to involve yourself in the economic system. And there's this huge implications is I want to continue to talk with Zach about, okay, I don't want to corner you into my world. You are my friend and brother. You have always have license to say to me, dude, calm down, exhale or like you say to your wife, I never say this to your wife, sweetie, sweetie, sweetie, don't get emotional. That's a good one. A women love that because it makes him feel loved. Like when you say, Hey, listen, let's think rationally here, let's not get all hormonal. Sometimes that's the way that's the way you cement good love with your wife. Okay. So. Yeah, that's not my experience. No. All right. All right. Well, then maybe I need some coaching a little later. Can we even deny for two seconds that doing this to individuals is a warm up for the mark of the beast? And even deny it? No, no, I mean, I, I think it's really hard to argue that it's not a move in that direction. Yeah. That being said, I would say though that, that, that, you know, the danger and the ever present risk of tyranny whenever you're looking at any government, it is ever present, right? And I actually wrote down here on the notes when I was talking, I didn't want to forget this, but, you know, to go a step in that direction, I wrote down that, you know, when you're start unbanking individuals for political reasons, not only do I think it's scary and wrong, but I think it's evil and savage. It is. And, and, and here's the part about it that I think is the most nakedly evil, which is, you know, we, we think about the pain and the issues that causes the individual. That is an attack on the social fabric of the entire society. Yep. It really is. That, that is a explicit effort to sow discord and to sow more hostility and to, and to breathe life into, you know, rumors of civil wars. And more importantly, it is distinctly un-American. Because many of these people that I disagree with so vehemently, I would like to think, and I truly believe this, that I would also come to their aid or their assistance if the government was doing the same thing to them, meaning an attack on one of us is an attack on all of us. And that's the part about this whole thing that is so vexing to me is you look at these people and you go, guys, I don't politically disagree with you. We all lose from this. This isn't a political issue, right? I'm literally standing up for you as much as I am for me, right? Yeah. You're, you don't, you fail to understand that you're in a legal system, therefore a government that operates on the basis of precedent. You're, you're unlocking the doors and swinging it wide open, you know? Right. Right. You could make this as complicated as you want. Let me try to simplify it for people. Back in the day, when I was in junior high, there was a guy, his, his name was Keith and everybody was afraid of Keith. Keith, he was in ninth grade and he had a full man's mustache and he smoked and he was bigger than us. And I was in seventh grade and when Keith came at you, dude, and I got the word, Keith, Keith wants to see you at the church after school. What? You pissed him off. Like Keith, he said to meet him at the church. I'm not meeting Keith at the church. I'm not going to say his last name. I still remember it. No way. Like Keith, no, he'll get you man, Keith is going to get you. And so yeah, one day then Keith did come to me and he slammed me up against the walkers. I was looking for you at the church and I didn't, I'm seventh grade, ninth grader. He's got that mustache. I just kept looking at the mustache going, how did you grow that? Yeah. It's magnificent. Like cigarettes and he smelled like man. And he said, you said this, that was me, it was me. And somehow because God has equipped me with verbal elasticity, I was able to share with him that I didn't do that and he'll be watching you. So fast forward to senior year. And now I have grown quite a bit, football, wrestling, all these things, boxing a little bit, although I hated boxing, weightlifting, probably had your own mustache. I, well, it never got to the key, Keith almost said his last name to the Keith level mustache. And we're downtown cruising, which was a big thing for us. And there's a guy starts throwing fingers and then he's throwing beer cans at my friend's truck. Everyone's like, pop out, pop out. This is before when you did that, you died. Now if you pop out, people shoot you and kill you. So back then that it didn't happen. You got a warning. You should be before people shot you. Sometimes I jump out and it's Keith, sept. Keith hadn't grown one ounce and I pop out of the, out of the truck and I approach and Keith gets out of the car and he's like, and he actually looked at me and goes, wow, you're big. Right. Yeah. You remember me? That happened. Right. So this is the thing, right? And he backed down and I told him, you, you let me off when you were bigger than me in ninth grade. So, so I'm letting you go. I'm not going to beat you up. People who do not understand and particularly business owners who do not understand, you back the side that has power because they have power, you sign up for all this. You're saying, I want to be bullied, right? And this is like, you can make it as complicated as you want, but I think it's that simple. I would agree. I would agree a hundred percent and it, you know, and it's sad because the institutions, you know, I think of like the ACLU, the ACLU used to be a, a, you know, love them, hate them, whatever, but they used to be an institution that understood this down to their core. Yep. Right. And then the ACLU and at that time they were dominated by, you know, upper east coast, you know, Jews effectively. And those people went in and defended the neo-Nazis marching through, yeah, Skokie, Illinois, right? Like, why did they do that? The exact same principles we're talking about, which is no matter how repugnant we find the words somebody is speaking, what is far more repugnant is politically taking away their ability to say those things. And we all used to get it. There was this, there was a, we had a societal contract. That contract has been shredded. Now we're throwing that power and cheering it on. There's assets. Yes. It's, it's almost like having a hurricane come ashore and you hate your neighbor across the street and you pull out, it starts moving across the street, you go, Oh, yeah, that's right. I live here. Right. That's perfect. That's exactly, that's exactly it. I've won bigger and more complicated in depth financial question for you about this in second. I get these bad, bad allergies this time of year and sometimes it manifests and I can't breathe through my nose, which is the case now, makes it difficult to do the show. You might be able to tell my voice is whack and it's difficult for me to breathe and concentrate. And sometimes it manifests in me having the most brilliant stiffer in the world. Suddenly I'm like a bear and I can smell barbecue meat 55 miles away or wait, there's a rotting calf somewhere in the hill. That happened yesterday and I smelled my truck. Now I, I, God bless my wife for never saying anything about this. No one else ever really rides in my trucks and all this is really good. I guess my friend Kevin rides in the truck, but I opened the truck and I'm like, wait, this smells like Jim stink. And sure enough, I got to ask my wife about this. Are you just being kind or you don't smell the Jim stink? So I'm going to pull a trick from my friend, Ben, who took his Eden pure oxie leaf to and put it in his truck to rid it of bear sausage smell because some bear sausage accidentally got left in there and rotted and aged and matured. Ben got that stuff to go away in one night. It also unlimited the fake new truck smell he sprayed in there. Then his wife was driving their dear little boy around that he puked all over the car. So Ben went out to clean up the puke, but it still smelled like it. So once again, Ben brought in the oxie leaf to thunderstorm, which produced ozone overnight in the car, simply plugged in the USB device. And there it was. In the morning, the smell was gone like it never ever happened. I'm going to do the same thing tonight with an oxie leaf. I'm going to pull it into the garage, put it in my truck and that smell of Jim bag will not be there anymore. It works for pet smells. It works for oil smells. It works on viruses. And in fact, there's a pet stink guarantee when you buy the oxie leaf to thunderstorm device at Eden, pure deals.com and use code Todd three. If it doesn't remove the pet stink, they will give you your money back. Go to Eden, pure deals.com use code Todd three to get a deal of a lifetime. It's a whole home coverage, three of these devices for under 200 bucks. Eden, pure deals.com use code Todd three. All right. So here's my question. And we may have addressed this before. And I want to stay outside of Bitcoin because I know about Bitcoin. You know, Bitcoin, is it even possible to build a parallel economy banking system if they go this way? I know about the goldbacks, a friend of mine has goldbacks in her store. She takes goldbacks in her store in Idaho, Utah's big on goldbacks. I get that. But it is even possible to build a parallel banking system given all you know about finance. No, just that easy. You know, I mean, you never want to say, especially what's going on with technology today, which is incredible truly in the sense of the word meaning, you know, I think there are aspects of it are good. I think there are aspects of it that aren't, but it really is remarkable. And so you don't want to make too far sweeping of statements because, you know, things can certainly change. But one of the biggest issues that you've got to get over is that traditional currencies and the way that we think of them, they have a role and the reason they have a role. And this is something that I've tried to explain to Bitcoin people. And let me just explain too, when I say this, when I say Bitcoin people, I don't mean people that own Bitcoin and think it's going to go higher. What I mean is people that think Bitcoin is going to become the go-to currency of the world. And it's not going to happen. And the reason it's not going to happen is because of the nature of fractional reserve banking, meaning if you have an asset that does not depreciate over time, you can't lend in that asset. Right? Because, you know, just, and I've used this example, I think, on the show before. But you've got to help me with this one. If you have an asset that does not depreciate over time, you cannot lend on that asset. Yeah. You can't lend in that asset because so you go, we'll just use Bitcoin as a perfect example. Let's say five years ago, you wanted to buy a home, but you wanted to do the transaction in Bitcoin, okay? So you bought, let's say the house is a million bucks and you borrow a million dollars worth of Bitcoin and you're going to pay that million dollars back in Bitcoin. Unless you have a job that pays you in Bitcoin and not Bitcoin as a percentage of the US dollar, you've got a big problem on your hands because you're getting paid in dollars, right? And at the time you borrow Bitcoin on that million dollar house, maybe Bitcoin was 15,000. Well, it's now 70. So now you owe five million on the one million dollar house, right? And so if you don't, so, and this is what, this is where, in my opinion, the modern economics profession went off the rails because they noticed this and they've noticed it over the last century. And so what they've started to say is, well, you actually need some inflation, which is, which is somewhat true over an extended period of time. You need some inflation because some inflation is a product of money supply going up. And if an economy is getting more efficient over time and more productive over time, there should be spare capacity. There should be spare dollars floating around because what used to cost us X now cost us, you know, 0.6 X or 0.5 X because of increased productivity. So no, because of that and the nature of lending the way it is, none of these, and look, this is one of the reasons we got off the gold standard, okay? So gold is restrictive, but like everything, there are two sides to the ledger, right? Yes, gold is restrictive and can restrict growth inside of an economy. But when you have a gold-backed currency, it is virtually impossible, well, if impossible, I should use that word lightly, it's much harder to have runaway extended inflation, right? Much, much harder. You look at the two greatest periods of inflation if you're not counting in like, you know, the early days when we had, you know, this state issuing this currency in that state. But if you look at the US government or the US, you know, economic system over the last 150 years, let's say, you know, the only real two bouts of inflation you dealt with was the 70s and today when the currency was not backed by gold, right? But like anything, you know, there's some balance, there's middle ground. And the problem that we have in this country, both politically, we got a lot of problems in this country, but financially and politically is that we tend to swing from extreme, from one extreme to the next, right, where, you know, where we go from being gold-backed to fast forward 40 years later, we're running $2.5 trillion deficits, you know what I mean, where we don't even care about debt anymore. And so it really is that middle ground, but no, to the way it's built today, at least the selling points of these coins, it makes them, by definition, structurally unsuited to be a currency of any large area. Now I think they can prove to be a valuable way to hedge the value of your currency, right, to protect yourself from the degradation of the value of the currency, but to replace it, you know, like I said, Bitcoin, I mean, the whole world would implode if you converted to a Bitcoin currency. Yep, got it. Yep. And so the banking system can't run without a currency and we can't step in and replace the currency because of the infrastructure, the backing of it, et cetera, got it. When you think of the phrase health care, what comes to mind? What about this? Health. How do you define it? For me, I define health as being able to do the things that bring me life, to do them well. That changes over time, it just does. There will come a time, for instance, where I won't be able to do CrossFit, even at the level I do it now. And I'll be frank with you, I struggle with that. I struggle with wanting to live through that. Now God will provide a way, He'll provide a path, I'm not a guy that's going to go kill myself, that's a loser's way out, you hand the pain off to other people, and it's not that bad. I'd find other things. But I define health as the capacity to be able to do what you like to do and to do it relatively pain-free. How do you define it? At renew.healthcare, they define it this way, elevating your quality of life. How? Well, by being pain-free. Or in fact, there are some people who use the ethically gathered stem cells, this comes for incentives and umbilical cords to be better looking aesthetically. There are people who do that. And I don't judge, I have friends who do this. I was blown away to find out the number of people I know who've taken Botox, blown away. And one of my responses was, "Why? Why would you do that?" There is a treatment available there that is not Botox, it is putting stem cells into your face if the wrinkles bother you, that comes from placentas and umbilical cords, and it is not. I use a strain that's not been exposed at all to the modified RNA injections. Yes, it's aesthetic. There's also though this quality of life, being able to continue to golf. Now, I don't play golf, I probably couldn't ever do it, it's just my mind doesn't work that way, I would probably end up gouging my eyes out of boredom. I'm not criticizing you for playing it, that's me, you be you. There's a reason so many professional golfers go to renew.healthcare, because in the golf game in sports, when you're at that level playing pro golf, you're more likely to have an injury that is like an industrial injury, like a repetitive movement injury, like carpal tunnel. Well, guess what, the stem cells can just destroy carpal tunnel and bring you back to being able to do the things you like to do. Even people who've had severe accidents and have ended up with severe neurological issues, like being paralyzed, have seen incredible results from renew.healthcare. It's about quality of life, elevate your quality of life, go to renew.healthcare and just simply tell them you watch and/or listen to the Todd Herman Show, renew.healthcare. I went through your Twitter channel, Zach, would you like to know an ad that's running? Because I'm really curious what you think of this in financial implications. This is running on your feed, and it says, AJ Anand, rare carrot, engagement ring shopping? What size can you get for $5,000? Natural one carrot, lab 2.5 carrots, source, Eden Golan, Tenerys, lab-grown diamonds are quickly becoming the go-to consumer choice. So if I'm looking at this and I'm looking at it as an isolation, it's lab-grown diamonds. I'm like, "Okay, let's just lab-grown diamonds." They're fake diamonds, but are they really fake? I mean, they're made the same way, but not through time and pressure like Andy Defrain in that great movie. Time and pressure. Andy Defrain knew that. What was that? The Shawshank Redemption. Yeah. All right. So, number one, just to kick it as a husband, now you could go out with your bankroll. You could go buy your wife a $15,000 diamond ring, and she looked at it to be huge, because it would be, let's see, 7.5 carrots or so. So she'd look at that. If she looked at you and said, "Is this lab-grown? What would you say?" I'd say, "Honey, look how big it's trying to be." You know what's funny? I don't think she'd care. Like, I ask her, "What do you -- when it comes to jewelry, she just says, "Bigger is shinier." Okay. So, do you think she'd care that it's lab-grown? I don't know. I don't know. I think -- would you do like a stance-a-thing? Like, when you say lab-grown, what do you -- are you accusing me? What -- baby, what I see here is I see compressed carbon with heat over time. You know, whether that happened in the Good Lord's laboratory or in somebody else -- or in somebody else. There you go. Right. Right. Why does it matter, baby? Right. So, if I look at this outside of a vacuum, though, now I start thinking about 3D printers in people's houses. I start thinking now, economically, this has been promised for years. Some of the -- the pharma people are now talking about pharma. You'll print at your house and it will have that wonderful thing where it can tell you took the pill. The guy runs Pfizer has talked about this. You'll print out the medication at home. You'll take it and then the Wi-Fi will say, "Yeah, Zach took it." And if you gave it to your dog, it'll go, "Mm-mm. That's dog DNA. That's not Zach's DNA." They've been talking for years about 3D printing things like picture frames. They've been talking about 3D printing dishes. So when that happens to me -- if we're doing this with diamonds, granted you're not 3D printing the diamonds, it's coming out of a lab. I get that. But that's shift. When that happens, when you finally start seeing these products 3D printed houses like, there's a futurist who talks about 3D printing your own clothes, then that makes a ton of sense. Because it's basically -- it's like toner, but the toner turns into a synthetic fiber. You could look at a shirt, click a button, and you could print that at home. When that happens, we no longer have any form of labor economy, et cetera. If that actually occurs, is that good or bad? That's a hard one. Yeah. Because I see you thinking, "Wait a minute. I could print out footballs for my kids." Yeah. Yeah. I could print skis. I think generally speaking, if we're thinking about it in terms of politically, I think it could be a good thing. It could be increased freedom. But the tough part about it is, like you mentioned the pharma example, it's going to cut. Yeah. I think we're at a very interesting time, meaning I think that every advance in technology is going to be a double edged sword from here on out. Totally great. You know what I mean? Yeah, it's going to have upsides, but it's also going to have downsides. I just think we're at that point, right, where for instance, you look at AI, is it going to do incredible things in the world of pharma specifically? We believe so. I think it's going to do incredible things in a lot of different areas. But there's no question it's going to get harnessed by governments in order to track us and restrict liberties and freedoms even more than they already are. And then there's this. Have you seen AI girlfriends? Oh, yeah. Yeah. Yeah, I mean, I haven't done anything to it. Wait, wait, you're my your wife, not be okay with it. Hey, girlfriend. Honey, well, no, yeah, no, but just eat, you know, I just, man, I mean, I, I, it's such a priority for me to steer away from any of that kind of. Me too. Obviously. No, I'm joking. I would never want anything. It's disgusting. But do you know that they actually argue with you that these young men, they sign up with AI bots that will send you a text saying you said you'd be home. And this young man saying, no, but I'm with my friends. You know, I don't think you with your friends, send me a pic. I want to see a selfie where you're at. Right. Right. They're actually paying for that. They're paying. You can have girlfriends who are super sad. And I really need you. Can you help me? Oh, baby, I'm at work. But what's going on? Well, I just think I'm fat. Now we know, sweetie. I love you so much. You're the perfect woman for me and, and you've got the, you know, and there are guys with that you can get high maintenance, low maintenance. And there are young men. Now, the thick you have Japan, right, where there's a shortage of women on purpose because they decided to genetically engineer their society for the better good because that's what their medical technocrats told them where this is the girlfriend, Zach. This is like, and God said, it is not good that man is alone. This tech is happening now and AI is trying to stop it. But these applications keep getting built. That happens in the same week that we learned he finally did it. They finally ran the test in San Francisco to block the sun. Did you hear about this? No. They finally did it. They finally shot up a bunch of particles into the sky to try to block the sun in San Francisco. God said it is not good that man is alone. God said you shall not lie. God said let there be lights and people at Harvard and Bill Gates said, no, don't let there be light. Dude, we are in the mix. No, we are in the mix. We are in the mix. Right. And this is the battle. Yeah. Let me, let me leave you with not, not so much on that, but I want to leave you with a quick thought of something that we were talking about. Is this about coming? I will see you with me. No. No. It's about where we're at because I think that you're, and I've said this before, but I think you're at a pivotal time where in investing where Warren Buffett refers to these periods of times as people are selling what they're about to need to buy what they should have previously bought. People are selling what they're about to need to buy what they should have previously bought. Right. What it means is people are chasing performance and the things that have gone up and are not paying attention to the fact that the game is changing drastically under their feet. So one of the ways to illustrate that is really interesting. If you look at commodities, buy and launch, pretty much every asset class in the world is at, well, not in the world. Let's pull it back. I mean, the world too, you could say. But certainly here in the United States, virtually every asset class because of this quote unquote inflation is at or near record eyes, right? Except commodities. Except commodities. Things can touch and feel. Yeah. Do you know what the price of a pound of copper was in 2012? You told me once, but not forgotten. Right around $3.93. Okay. Yeah. It's like an average price. You know what it is today? $3.93. It's like $4.10. Okay. You can get a pound of copper right now for about a 20% discount to what a Big Mac costs. And it's, you know, it's not like we're telling the entire country everything has to be electric, except we are. That's insane, Zach. That's insane. Here's the other part to it. And this is why I'm telling people that you need custom built portfolios. You look at all the portfolios out there, you've got record low exposure to this kind of stuff. And this stuff is dirt cheap and the setup looks amazing for all the reasons that we know. Does it guarantee success? No, nothing does. But if you want to buy things that are cheap on a real basis or inflationary basis, which I still think that that will prove to be the best way to invest, right, to buy things that are undervalued, but there's a, there's a deeper thing. And I was having this discussion with a client earlier today. It's not just that the prices are low. It's that no capital has flown into these industries or these sectors for the last 12 to 15 years. And, and you know how you know how many investors you know out there or how many of these stories have you heard about these, these hedge funds that only invest in natural resources and commodities and have crushed the stock market? You don't hear about any of them. Why? You went out and started a hedge fund at any time in the last 10 to 12 years and said you want to invest in this? You know how much money you gathered up? Nothing. Right? There's been no investment. If you look at gold, copper, silver, and don't hold me to it, one might be. But generally speaking, there has been net negative investment in those sectors. So it's not just the price now, but you don't have new production coming online. And how do you know that? Because the price hasn't gone up, right? Like, I mean, you can dig through industry stuff and come up with and realize that there have been no net new openings of mines. But I think what's happened to the global economy since then, thinks of what's happened to population growth since then. And it just, it boggles my mind that in this age of inflation, everybody's running to cryptocurrencies and these tech companies, and I'm sitting there going, guys, you know, and think about it. I always think about in terms of it's proven to be a good exercise for me. Think about yourself 20 years in the future looking back on the decisions you're making today. The thing that haunts me all the time on this subject is, you know, like, I think about my son or my daughter scratching her head and go, wait a second, dad, we were dealing with the greatest bout of inflation that we'd seen in 40 years. And commodities were at 25 year lows, secularly speaking. And you didn't think it was a good idea to buy them. What? Why? It's like my daughter saying, why didn't you light a mom and buy Bitcoin when it first started? Right. Right. By the way, with more Bitcoin, more copper. Yeah. You seem to see more computers, more copper, right? More microprocessors. More copper. That's nuts. Hey, since you actually managed money for me, can you put my entire portfolio in the copper place? I know, because that's how I managed it. Really? No, I know. I know it does. Always good to talk to you. My brother. Always good to have wise counsel today. Zach Abraham, chief investment officer, board capital management. Noorriskradio.com. Thank you, man. Appreciate you as always. As with mine blowing stuff. Here's something that God said that money you have is stuff that you're given to steward. That belongs to him. He gives it to us to steward wisely. And I think you just got some very, very wise counsel in the whole show, but particularly those last few moments. This is the Todd Herman Show. Please go be well. Be strong. Be kind. And hey, give thanks to God for what he's giving you to steward. [music] [music] (upbeat music)