The Todd Herman Show
Should We Pray for The US Dollar To FAIL_- Zach Abraham joins Ep-1673
My friend Zach Abraham, Chief Investment Officer at Bulwark Capital Management, brought up an interesting fact about the U.S. dollar. It's actually not always used by choice. In fact, most of the time, it's not used by choice. That reminded me of something that's occurred at Microsoft, where they were so used to having their products be something people had to use because it's what is in the workplace, that they weren't ready for a time when people could choose a different product. Zach thought that was a pretty spot-on comparison to what can happen to our dollar as there are new payment systems available. He pointed out that we may be right to actually pray that the U.S. dollar collapses and fails. Now, why would Zach say something like that? And on the topic of God, we also discussed something that I would call a spiritual KPI (a key performance indicator) of your family's relationships and relationships with friends. It's a chart that would have the fruit of the spirit and the biblical definition of love on a horizontal and vertical axis. I shared this with Zach.
What does God’s Word say?
Galatians 5:22-23
22 But the fruit of the Spirit is love, joy, peace, forbearance, kindness, goodness, faithfulness, 23 gentleness and self-control. Against such things there is no law.1 Corinthians 13:4–84 Love is patient, love is kind. It does not envy, it does not boast, it is not proud. 5 It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. 6 Love does not delight in evil but rejoices with the truth. 7 It always protects, always trusts, always hopes, always perseveres.8 Love never fails. But where there are prophecies, they will cease; where there are tongues, they will be stilled; where there is knowledge, it will pass away.
Episode 1,673 Links:
- Saudi MBS on the petrodollar agreement with U.S.
- Saudi Arabia's petro-dollar exit: A global finance paradigm shift; The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital currencies like Bitcoin may also be considered
- Surgeon General Murthy Advocates for Digital ID to Combat Online “Misinformation” and Protect Youth
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Bulwark Capital
- Duration:
- 52m
- Broadcast on:
- 21 Jun 2024
- Audio Format:
- mp3
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But is it the big deal that a lot of people feel it is? We're going to talk with Zach Abraham, chief investment officer, Boer Capital Management about that and about something he says once seen, can't be unseen. And that is how the international monetary system actually works. Talk about this with the help of God Almighty, thank you Lord for making this possible. And thank you to you for subscribing to our YouTube channel, which is finally, finally having some life breathed into it. That is youtube.com/at the Todd Herman show. 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 a day the Lord has made in these are the times in which God has decided we should live. It's wise counsel day, we're in the wise counsel shirt. That's what this is named. It sits in a special sealed locker for days that Mr. Abraham joins us and then he decides when he'll have his people okay it. Make sure to do it. Welcome back, brother. Good to have you. Oh, man, whenever I hear you make jokes like that, there's two things that go through my mind. Aye. I wish. Yeah, I hope that one day I've been a position to be able to afford such luxuries. And then the other, the other idea of my mind is if you ever hear me actually doing something like that, slapping, oh, gosh, I will never, I'll never forget the time that I was in a, I was in a meeting where the great man, Mitch McConnell attended and so we back in the day, reluctantly, reluctantly, my partner didn't have a big problem with McConnell. He was sort of the 51% is better than 49% Republican. He's since changed, by the way, he's had a big awakening of, oh, no, no, no, no. So we were in this meeting where the, the great man was going to make an appearance for about 15 minutes to, to hear our plans and what we're doing to try to help him in reelection. And before he came in, a lady came in and said, where's the Senator sitting? Wherever the Senator wants to sit. Okay, hold on a second. She looks around the room. All right. Let's have the Senator here and then she brings in a bottle of water, sets it down and looks at it and goes back and like moves it into a little tiny different position, sits in the chair, gets up, grabs another chair, switches it out. So wow. Yeah. I know. Wow. I know when the great man comes in, she is walking in and saying, Senator, you remember Jason Campbell, you met him in, and this is a Cyrus crone. You remember Cyrus and Todd Herman. You remember Todd Herman with crowd verb, not Mitch Chicken in the pot. And he'd never met me. What did he say? What was that? I just, that's my Mitch McConnell impression. American people don't care about so fishy. You're gonna have chicken in the pot and double chickens, I think. So that's just, that's my Mitch McConnell. And he does a pleasure, pleasure, pleasure to you again. I'm like, you've different met me. Your advanced person is wrong. She pulls the seat out and she sits down. I see her eyeball in his water like, oh, is that within reach, is that within reach? So you think I'm joking about people, your people, dude, there are people who get treated that way. Oh, I know, I know what's funny is, I think that any time you have people that directly report to you or answer to you, either through management or ownership of a business, and then any type of, really, any type of media exposure, it doesn't take a lot. But I think that you have to actively start making sure that, it's easy, you deal with it, too. I don't think you and I ever have this discussion, but you have to have people in your life that will tell you like it is. Oh, gosh, yes. And because the minute you get that managerial position or that ownership position or really any level of media attention, regardless of what it is, people around you, for the most part, really aren't incentivized to tell you what you don't want to hear unless you, unless you incentivize them to do it. Yeah. And I can see, I hope I would never get there, but you can see how it would happen just over time. You know, you just kind of start, you get used to it and you quit paying attention. Right. But one of the wise things that the soft did back in the day, the desktop, Microsoft is they had anonymous managerial reviews. Oh, that's a good idea. Right. Big team, I mean, the numbers were significant, then the bosses had to present their own results in front of a team and talk about their plans to improve in areas where they were deficient. I love that. Yeah. I mean, it was a really, really good idea. I'll use this technique for myself that I think we as family should use and it is this that, you know, the fruit of the spirit, patience, kindness, temperance, self control, long suffering, and then love, biblical love is, you know, never boasting or proud seeking to serve other than be served, not angry. Right. Those things. I like to create a chart, one line horizontal, one line vertical and think about around whom do I feel or observe acts of love and around whom do I feel the fruit of the spirit? I think these families would do a good job to take that as an almost a KPI, a key performance indicator. Absolutely. Family health. Right. Yeah. And ask everybody in the family, almost anonymously, here's the chart. Do you see acts of love? Do you feel the fruit of the spirit? And then to sit down and say, these are our KPIs as a family, key performance indicators. Yeah. You know, it doesn't take long, right? Like, it's funny you bring that up because the older I've gotten, that was like a song you're saying in Sunday school and all the fruits, spirit and all that kind of stuff. The older I've gotten though, man, the more I have seen that present in other people and the more I've seen it in myself, meaning I had a moment probably not too long, go maybe three or four weeks ago where I'm forgetting what it was. But anyway, it wasn't a nice thought. If I remember something, getting quick, angry, it's something, you know, anyway, just something lost my cool or, oh, I remember what it was, I'm not going to talk about it though. I lost my cool on somebody didn't, didn't, didn't, didn't, didn't lose my cool in terms of like put myself in legal liability or say anything that I would be embarrassed, got in public, but just said some really biting, cutting things. And it'd been a while and I checked myself when I went, you know what, man, you haven't been on your devotions as religiously as you could be. And I just went, there's space there and you haven't felt that feeling in a long time. Where'd that come from? Oh, oh, there it is. And then the flip side is, I think it's much easier to see if you've seen that interview with Tucker Carlson and the president of, is it Ecuador? Is it Ecuador? Yeah. Yeah. It got like five, seven minutes into that interview. And I was just listening to the guy talk and I went, is this guy a believer? Right? Like, and it was, my wife was like, how did you know that? And I go, it was the humility in which he talked. Like it was just abnormal, you know, you just know it when you see it, you know, anyway, look to the spirit, man, I think it's the most key indicator. Yeah, me too. I do too. I want to, because you sort of mentioned the international situation, I need to ask you about this petrodollar thing. This is freaking a lot of people out. So we'll have that discussion in just a second. Zach played college football and did you guys, when you did the two days, did they let you drink water? Oh, yeah. Okay. Yeah. Yeah. Yeah. Well, this is actually true. We were doing, we were doing two days once in high school and they called time for water. Okay. And we'd been taking a knee, listening to coach. And one of our guys got up and sprinted to the water thing to be first there. So coach kicked it over. You got to be first, even for water? No water. And I remember as a kid going, okay, this can't be all that good that we're not going to have water on our second workout of the day. We're using a product here that I'm going to send you some of this. I need you to try this in the gym. It's called native path hydrate. So this is, comes from the people who made native path krill, which just blew my mind. It got me out of the world of ibuprofen. I don't eat ibuprofen anymore. Native path hydrate is zero sugar electrolyte. It has 14 vitamins and minerals, key ones, all nine essential amino acids, 2,000 milligrams of branched chain amino acids. And this comes in one scoop, one thing about the scoops. They're insanely flavorful, very good flavor, but they are dense. So make sure that you really shake these things up. In fact, add a little ice to this. Now, you can listen to this and go, okay. So Zach, he's a gym hound, Herman, you're always in the gym, you're always sweating. So good for you that you drink this stuff. Here's the deal. 75% of Americans, 75% of everybody watching under listening is chronically dehydrated. That can tap your kidneys, make your kidneys get nutty. It can screw up your heart, your mind, your rest, et cetera, sleep capacity, ability to regulate body temperature. So just drinking water load is not going to get that done. So here's what you do. You go to nativehydrate.com and/tod. That's nativehydrate.com/tod. You get up to 44% off with this, okay? Today though, you got to do that today, nativehydrate.com/tod. And when you do that, again, up to 44% off in this hydration boosting power, don't think it's just for people like me and Zach who hang out a lot in gyms working out, it's for people, 75% of us who are chronically, chronically dehydrated. So Zach, there is this decoupling Saudi Arabia has done apparently from this petrodollar. And I got texts from people saying that's it, it's all over. So what's actually going on? Okay, so this is one of these tough topics because usually people do not believe it or buy into it or accept it for a very extended period of time. Why that is? I do not know. But I grew up in this environment. So my grandfather wrote a very prominent investment newsletter and he was very involved in politics. As a matter of fact, he was a lead speechwriter for multiple Republican candidates for president. And he was the leader of the western states of the John Hopkins Society. One of the things he would go around doing is warning people in the 70s and early 80s about the coming collapse of the dollar, right? And based on our soaring debt and all these other kinds of things. I remember finding a shoebox when I was a kid in my parents' closet that was full of nickels and forges, you know, just because we had to buy the real silver ones because silver was going to go up a lot in price, not going to stop me. So obviously that collapse of the dollar never came. And I have spent an inordinate amount of time because I was extraordinarily flustered with the fact that the dollar was not dropping significantly post '08 or '09. Right when they started quantitative easing, I remember sitting there going, "Okay, that's it. It's came over." And what I started to realize is that I need to understand the system that the dollar operates in as opposed to just understanding the dollar itself as a concept or like any other piece of money. Right because the reasoning behind, when people say that, there's something very visceral and something very attractive about that logic because it's very sound and it's very simple. Right? If these people are producing all this money and they're printing all this money and there's all this debt, the currency trades on 4X systems all around the world and or 4X exchanges all around the world, and that will make the dollar less desired, right? And so people will begin to sell their dollars to buy gold. They will sell their dollars to buy euros. They will sell their dollars to buy yen because our currency is less desirable. Okay. The vast majority of people getting the dollar and by vast majority, I don't, but the vast majority of people using the dollar or accessing the dollar on a daily basis are not doing it because of desirability. They're doing it because they have to. Okay. So let's pause there. This is so important to understand. This is something that Microsoft didn't understand and it cost them a whole probably 6, 7, 8 years of growth and value. They'd set up a system where people didn't want windows, but they had to have it. That was what was at work. That was what was in the office. People had to have this. They didn't understand that there was this change coming where that was no longer going to be the case. The BYOD bring your own device. Microsoft swore that would never happen up and down. No one's ever going to let that in a corporate network. No one's ever going to let people bring their own phones. No one's ever going to let that happen. Wow. And I remember meeting after meeting after meeting having this preach to us. That's never going to happen. And no, it is going to happen. You guys, and I used to say, wait, you guys are the ones who helped define Moore's law. And you've also defined this for battery capacity. Do you don't think the same thing is for security and usability? So I want just to make that point that dollar is used by necessity, not choice. And yet, there's all these choices being set up, like these other dollars and other methods. Yeah. So the best way to think about it is, well, so first and foremost, you brought this up to if we're going to look at any currency or any debt scenario involving a sovereign government or anything like that, we really have to put things in context. And whether you like it or not, we can talk about the off balance sheet liabilities and there are many and your numbers are accurate as I understand them and I'm with you 100%. But if we play that game, we also have to calculate the off balance sheet assets. Okay. So when we're thinking about this, let's start thinking about what the Mississippi River is worth. Right. Let's start thinking about. Okay. Right. What the Midwest is worth and what and look, I am not you guys, if anybody's heard me talk about this in no way am I making excuses for the reckless spending. But I'm saying we need, we do need to put it in context. And like I've said many other times too, eventually the dollar will collapse, but that will be a policy decision, right? To let it collapse. Yeah. It's not going to be this long out extended road to misery. And the reason why is because when you look at America's asset base, whatever issue that we are struggling from, we have the natural assets and the natural capacity to overcome that if we start making good policy decisions, right? And I think the simplest way to put that is we are the only net exporter of energy and food. Now, ironically, if you look at all of our policy decisions, they directly threaten that position is being a lead producer or net exporter of energy and food, right? People go, what do you mean, Zach? And I'm like, if you see anybody making our energy system less efficient or our grids less efficient, that threatens everything, including our capacity and ability to generate power and our ability to generate and grow food. Okay. So those are all those are all intertwined, right? But then getting back to the dollar specifically, what what I started to look at is I need to think bigger. There's something going on here. This currency clearly isn't being valued on the market like other assets that I'm used to dealing with, right? I've got a quick, there's a, you know, I'm watching the debt go up like this post away to nine and nothing's happening that starts buying bonds with printed money. Nothing's happening. The dollar's not dropping. What's going on? So that led me to really dig into things and it takes you all the way back and I've mentioned this before, but it takes you all the way back to post World War II. So thank goodness back then, politicians learned from mistakes and they learned from the mistake they made post World War I. After World War I, they effectively laid the entire cost of the world of the war onto the backs of the German people, right? That was the, you know, that was a punishment, right? And look, on the face of it, that feels like the right thing to do. So, you know, I get it. Well, what ended up happening is that decision led directly to Hitler going into coming into power because it led to the hyperinflation. Their economy was shot. They had no ability to create and process goods that would enable them to generate tax revenue, which would enable them to pay that down that debt. So Germany just started printing the money and that's where the term the Weimar Republic came from, right? Or that's what it was called at that point, the Weimar Republic and the hyperinflation ensued in the, in the 20s. So Hitler comes to power in direct response to that currency degradation. And then the world learned after World War II, wait a second, we've got to do this in a smarter way. So they looked around and the United States was the only major economy that was still functioning, right? That still had infrastructure in place. It still had the ability to produce things. So that's when they developed the Marshall Plan. They said, okay, we're going to have the United States rebuild Europe on the back of the dollar. We don't hyperinflate anybody else's currency. And then they're like, well, what about the dollar? And they go, the dollar is going to be the one currency that in order to trade across assets and internationally, all trades in all goods must be settled in US dollars. So if you wanted to transact globally, you had to do it via US dollars. And to this day, you still do. And so what that does is it just puts an automatic bid. No matter what the government is doing or how irresponsible it may be, you've got people all over the world, unlike any other currency that are accessing the dollar every single day because they have to, right? This goes, I don't want to interrupt your flow because I'm learning a bunch. I want to just point out, this goes right back to my Microsoft metaphor. Here's how Microsoft did things that would end any other company. They shipped Windows NT, the network, remember, everything that's going to the network, right? Everything was going to be this connected network. They shipped the first version of that without print drivers. So you-- Was it just an oversight? Yeah. Was it just an oversight or what? Yeah. There's so many-- if you look at the history of tech, there's so many things that should have destroyed companies like-- I think his name is Mitch Kapoor. He invented the spreadsheet and Apple bought it from him. The spreadsheet. I mean, imagine doing your job without a spreadsheet. There was a time and that was all done on paper. So Apple buys this from him and this is why people were buying the early Macintoshs. They would go to the store, so there's the Microsoft of the Macintosh. Which one do you want? The one with the spreadsheet? Believe it or not, I want the one with the spreadsheet. Oh, okay. All small business owners, that's why almost all small business owners had a Mac. Right. Yeah. I want the one with the spreadsheet. So, of course, Microsoft is looking at this going, "Wow, okay, we need a spreadsheet." And their lawyers are going, "Okay, well, look, there's a patent on this." And then the lawyers went and dug through it like, "Actually, no." So Steve Jobs' team called-- I think it's Mitch Kapoor. I could be forgetting the last name, but I think I met this guy and asked one day about this. They call him, "Hey, Mitch, you know, about the whole spreadsheet thing we bought from you, could you go ahead and send the patent paperwork?" The what? Not patented. They didn't patent it. So the entire thing could be just, "Oh, okay, we'll do that, too." No patent. Micros-- Who was this guy? How is he? He's a genius. Oh, is he one of those guys who just, I didn't think about patenting it? I just forgot that part. In the case of the Microsoft Intish getting shipped, "Oh, print drivers. That's right, because this is all about network printers." So they had to come back and go, "Oh, okay, hold on, let's..." In our case, that they had that momentum, all of that didn't matter until it came to all of a sudden the phones. And all of a sudden there was this new market phones. Microsoft thought we could use our momentum in this, and I'll never forget this conversation. I will never, to the day I die, forget this conversation. I was on a team that had a piece of IP that note this. It was called a thumb-driven user interface, a zooming user interface, thumb-driven. So instead of a stylus picking up a stylus and pointing at a device, you'd use your thumb. And the interface zoomed in and out. And my job was to create a business model for this. So I created something we called applets. So we called them lifestyle-centric applets. Some you bought, some that came for free with advertisers. We had advertisers lined up for this. We tested that software in the Silicon Valley testing lab, and at that time, it was the only one that ever came back with 100% usability-like ability score. This had nothing to do with me. They said they'd do with a great genius named John San Giovanni, John and his team that designed this. That comes back with 100% usability, meaning people enjoy using it the second they picked it up they could use it. They didn't have to be told how to use it. They enjoyed using it. We sat down with the guy who ran mobile at the time, one of the chief dudes who ran mobile. He said the following, "Guys, congratulations on this. Great piece of software. Hey, I really like the business model. I think this could do really well, but we're not going to adopt it." Why? Because the start button defines Microsoft, it always will define Microsoft, it's never going to change, and I was one of the people who invented it. I said to him, "Are you open to feedback about that?" He goes, "Yes, but my decision's been made." Okay. I just want to make sure I understand your intention. You're telling me that people are going to continue to pull a tiny little stylus out of their phone, hold it to their face, and tap, tap, tap to get what they want versus one hand swiping through a zooming user interface. They are because that's all we're going to ship. That's blackberry type thinking right there. Dude. 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Are we not at risk of the bitcoins or something else becoming that iPhone that none of us think can happen? Or is it the fact that we have a big huge army and nuclear weapons that means it's not going to happen? Well, I mean, look, it is going to happen, right? It's a matter of time. So there is going to be a new device for payment? Yeah. Well, like, yes. And one of the primary drivers of it will be imperialist, in my opinion, imperialistic type actions that you currently see from our government like you see in Ukraine right now. Yep. Right. Meaning, you know, that intervention, the fact that for this issue, I don't like Putin. And I'm not even like in Tucker Carlson's camp on this. I think Putin is a complete scumbag. I think it makes sense to have communication with him. But I'm not saying this from some weird, like pro-Russian far, you know, I know there's been, and look, I'm not saying that that's good or bad. Okay. I'm not saying that that will end up being correct or not. What I'm saying is, I'm, if you take both extremes of the Ukraine-Russia issue, I'm pretty much right in the middle, meaning, you know, I don't think that we should be involved anywhere like we are. But anyway, my point to this is I don't have an accident against Putin. I'm also not an apologist. But when you look at what them banning him effectively from the international monetary system, you know, everybody took notice and went, "Whoa, it's, it's, it's, look, you, you have the same kind of impact on the international monetary and economic system that you're seeing right now in New York regarding Trump's convictions, right? It's, whoa. Okay. If we're going to do business in New York, we need to develop another exchange in Texas. We need to develop some contingency plans because you just changed the rules, right? And the international response that has been the same way. But so getting back to why it has not happened yet is everybody needs to accept, and again, I don't know why, but it usually takes a while for people to wrap their head around. The dollar isn't going anywhere, and it has nothing to do, excuse me, God, bless you. Thank you, sir. And it has nothing to do with its inherent goodness or value. It has to do with the fact that if you want to trade goods or exchanges on an international basis, you've got to do it in U.S. dollars. So unlike every other currency out there in the world, the U.S. dollar underlies virtually every single trade, and then a process that has still, it may have peaked. It doesn't look like it yet in the data. But in a process that's been playing out post '08, '09, guess what? And increasingly so. Guess what? By a huge number. What currency is the vast majority of debt in the world monetized in, right? What do you think it is? Well, according to a text message I got, it's gift cards from Amazon, but this guy, he's in Ethiopia, and he said, you know, he's like the son of a prince or something, but he's having trouble with immigration. So I'm going to guess, maybe then, he got a hold of you too. I've got 10, I got 10 mill in the mail coming, it should be what he did. Yeah, I was trying to get a phone call with him, but someone else answered. It's so weird. You get to tell me the US dollar is what it's monetizing. Yeah. And so what does that do, right? Every month, what do you have to do with that? You got to pay a service fee or you got to pay a fee, right? So that means the more debt that is denominated out there in US dollars, the more the demand for dollars increases. Now here's the catch. I know, okay, no, I'm starting to understand something. This accident of history of World War II of, oh, well, let's pay with dollars has allowed our country to become evil and stupid and corrupt, and it's a self feeding mechanism. Yes, and this is what I meant, and I should have dug into this deeper because I thought I had communicated that, but this is what I meant when I said, yeah, it's going to be miserable, but I actually think a collapse in the dollar would be good for the United States in the long run. That's exactly what I meant. It's enabled all of this, right? Think of the think of the international forays that we wouldn't have been able to get ourselves into because we couldn't afford it, right? If we actually had to live on the budget, we didn't have this luxury of this constant demand underlying our currency, it would keep, I mean, look, you've seen it happen with empires. What kept England, England didn't just get religion all of a sudden, what kept them from expanding? They ran out of money, right? So they weren't able to continue that imperialist creep over the entire globe. And we're not in that situation yet. And then here's the other catch. Every time you have an economic catastrophe or anything like that, when you're dealing with a fractional reserve banking system, what asset underlies all other assets? Debt, right? Debt does. So when the economy rolls over, what do you get? You get debt defaults, right? What does that mean? Debt's disappeared. Well, what are you doing when debt disappears? You're shrinking the monetary base. So this, in a weird way so far, now this is just a reflexive loop. It will get reflexive on the other side of this at some point that nobody knows, right? There will be a moment where it breaks and it flips the other way. So people have to understand, you know, what I hear Zach saying. And you've said this before, but this is such a cleaner explanation, more complete. I think I've just let you talk and got out of your way that the US debt falling, or the US dollar falling could force us now no longer in the age of necessity, could force us to have a sea change in how we behave as a country. Because guess what? Mommy and Daddy's dollars are gone. It's funny what happens once the parents cut you off. Hey, so mama, you know, a little short on rent this month, and maybe it's just, no. I can't start cleaning the kitchen without being asked. But I'm going to probably get kicked out of my apartment. That's going to be really hard. How are you going to handle that? Maybe you could give me two hundred. No. Yeah. Okay. And you realize now you start thinking, wait, how much blood can I sell every day? So I don't know, maybe I could use a different blood bank that won't notice that my lips are white. Are you okay? I'm fine. So you get into this age of necessity. Again, I'll bring back the Microsoft thing. There was a team that, you remember the Zoom player we've talked about this that was going to, that was, that was the thing. Oh, yeah. And I'll tell you the whole, whole story about what that, what that actually was going to be. And this insane decision they made to make it zoom. I remember being in a planning meeting on this, and they decided to create an entire new, um, in coding system, an entire new codec, not that wave, not that MP3, something that would only work on the zoom. And I'm saying, okay. Not only do you expect people to buy a device that's three times bigger, has a screen that's real glass, but no video usage at a higher price point with no choices and colors cause they're all brown, you expect people to do this and then buy a whole new music library or get all their CDs out and burn them again into your codec rather than having them be able to transfer the music library over from Apple. Yes. Oh, microsoft, no, here's the crazy part about that. That is the most un-Microsoft thing I've ever heard the company that literally made trillions now off of the basic concept of mass producing a thing and giving it away, right? Because because widespread adoption was their main strategy. Oh, they were going to give away the software for the player. But that's not the hardware. I know. I know. But Zach, here's the thing. They said we will promote this through windows, we'll promote this through it will ship with and I'm like, you can't do, we'll go to the record labels, we'll make sure there's music and look at the guys, you don't have enough time. So that thing fails, craters and sooner or later, someone got into Microsoft, the current CEO who's Mr. DEI nightmare. But you know what he did? He came and said, we don't get the internet. We don't get entertainment. We don't get content. We're not good at this. I mean, I know there's still MSN. I know there's still Bing and I know that. Our focus is we sell software and devices. Now look at their performance. Yeah. Outstanding. Because they were bleeding money and all these other areas now, okay, Xbox is the outlier, but the guy who really made that happen was Robbie Bach, who said, I'm not going to tie it to the windows kernel. No, I'm not doing it in our case with our dollar. Here's what I hear you saying, is that the fall of the dollar could help us be like Microsoft or, you know what? We're cutting hats. We're going to have to make hard, hard decisions and assume this is something you're going to address in your upcoming webinar. That's the 27th. That's just around the corner, right? Because you're going to talk about inflation, inflation being the sign that killer of retirement portfolios. I assume you'll address this with the QA. If you like what you're hearing from Zach, here's how to register for the webinar. I'm going to know your riskradio.com. It's that easy. But by the way, these things sell out. I've never seen you do one of these two weeks in a row or like even a month in a row. Normally there's a big break between these, so I know this last one was hugely popular. Why is inflation the silent killer of retirement portfolios? Zach will explain that, take questions, et cetera. How Boer deals with this with risk management, active management of portfolios. So go to knowyourriskradio.com, register, but you got to do that soon because these things do fill up. They're free, but they fill up. Knowyourriskradio.com. Boer, Capita Management and Investment Advisor Representative, Tric Financial, LLC and SCC Registered Investment Advisor. Investments involve risk. You could lose money and past performance does not necessarily guarantee future results. So am I, is that still an okay metaphor that Microsoft gets us back into the corner? They had all these distractions for them. They never committed to entertainment. They never, I mean, they thought they did, but they didn't. They never committed to devices like cool, like type devices like phones and just never committed. So back to software, you're saying that the collapse of our dollar could force our society to say, well, wait a minute, we don't actually have the money to teach kids how to use sex toys. Yeah, no, I 100% and this is why I tell people, man, and this is why flipping over the religious part of it too. It's one of the things I really lament about the modern church. There's so many things that are great, but one thing I see over and over and over and I see so many pastors struggle from this. I see so many churches hurt by this. There's no talk or discussion even on wisdom anymore and discernment, right? Like we, we shouldn't, if we're being lives and we're paying attention, we can see pain coming usually a mile away, usually a mile away. Usually it's some form of choice, right? Or lack of choice or, you know, not making a choice, right? I tell my kid, you don't make a choice. So one will be made for you. And I think your analogy is great and I think that if you just look at cultural degradation since '08, '09, right? Do you think that is a coincidence, right? Am I saying it's just about the fact that we're running record deficits and debts at 170% to GD or what is 140 or whatever? Yeah. 140% debt to GDP, 350% debt to GDP, something like that? No. But you know, like I always say, it's never one thing, right? It's always a confluence of events and what's happened on a currency basis. There's, like, if we sit there and go, there's a bunch of grown men in here that are calling us bigots because we don't want them urinating next to our 10 year old daughters in bathrooms. And they're calling us bigots. Is it a coincidence that that type of lunacy is occurring simultaneously while our government is literally printing money to pay for everything and paying off debts and really engaging in the most artificially stimulative economy in the history of mankind? No, it's not because you're taking things that are not true and you're trying to make them true. You're trying to breathe truth into them. This is one of the things that's, you know, if you want to keep on the, on the spiritual topic for a second, um, my wife and I did the night watch a show called, uh, the American gospel. And so what is the American gospel? Well, it is a new atheist movement to create the atheist version of Christianity. So it's Christianity minus Christ that'll work. Right. And here's their pitch. If you believe the gospel that, that God costs his son to be tortured and murdered, then you worship a child abuser because he could have just done it another way. He could have just said, you know what? I just forgive it. What the filmmakers are so good at is they've got great, great, great pastors who answer this in, in a fundamentally beautiful way. God operates outside of his creation. He has always existed, always will exist. And he is truth. He is light. He is love. He is compassion, therefore he can't be anything else. And he laid down a law. This is what must be done. There must be a sacrifice. So when he said that, it had to happen out of love, compassion and truth in the personage of the Lord Jesus. And this is what the atheists fail to mention. Jesus, the Holy Spirit and God are one. So when the Lord Jesus is a fully God, fully human, he is experiencing this on behalf of the Trinity. So God allowed himself to experience it. He did this to himself. Well, that's such a good point. And not only that, but what is the greatest level of pain that can be experienced by any human being? It's the loss of a child, right? Right. How do you have a just God if he's not willing to subject himself to that same pain? Exactly. Exactly. And the Lord Jesus faces, none of us humans could live through what he lived through. No. And then the drinking of the wrath, the cup of wrath. So, so it's no mistake then that yes, in a society pretending men are women and women are men and that racism of good is against white people and black people can't commit racism. In other words, they cannot sin in this new upside down inverse satanic version of Christianity. Then it's no mistake then. And this is where I'm going to get weird. It would be then no mistake that in the aftermath of a brutal, I think blatantly satanic Germany, led by Hitler and Stalin Mao, all those people, I think were obviously to me demonic. They did to human beings. It's no mistake that Satan looks at that and says, Oh, at last, I'll get the dollar. I'll get an economic mechanism inserted in this that will take a country that has been a blessing for Christians that I think that our Bill of Rights is inspired by godly men. I think it reflects how God would have government operate, which is as distributed powers. And I can prove that spiritually, I think, and biblically that Satan says, okay, I'm going to take this great strength and I'm going to make it worldwide. It's a necessity like windows used to be a necessity like a windows phone was at one point in a necessity because your IT team said, no, it's got to be windows. And should we actually Zach be praying for the dollar to fall? I mean, what I will, I hope I'm wrong. I really don't think that I'm going to be, but I really hope that I'm wrong. But what is history tell us is that these things will, these things will not get corrected until it does. Yeah. And even then they might not be, right? But my whole point is I don't think that you have, if you can create value out of thin air, it is the greatest conjuring trick that you have, you've repeatedly called it. It's the greatest conjuring trick in human history. And as long as that works, you don't need, see, the reason we need reality as human beings is it hurts to not have it, right? Like if I don't realize the stove is hot and I don't recognize the fact that it's glowing red. That means it's hot. I'm going to realize that through pain, right? Like that's, that's how we learn. Well, as long as it's, it's sort of like, it's sort of like having somebody all doped up on painkillers, right? And telling them, no, no, no, you feel okay, but you still don't want to lift that. You're going to hurt yourself more, right? Well, if you're all hopped up on painkillers and PCP, right, you ain't going to feel it until it wears off. And right now we've got a drip, right? We've got an IV drip. So yeah, no, I think that I think that what you said there is should we, I think we should be praying for our country to realize that. And watching for that to happen because that, and it very much looks like the first parts of that have started to occur and to getting to your original question, yeah, I look, that is definitely tied into what's going on here in Saudi Arabia. If the Saudi Arabian news is making you go out and buy physical gold and silver, you're doing this wrong, okay? Because the Saudi Arabian thing at this point is more, it's more metaphoric, if you will, it's more symbolic because the minute they do that currency swap in different currency terms, guess what they're going to do with their own banks? They're going to convert back to dollars because they have to, right? It's just, it's, it's, it's totally symbolic at this point. Is that the beginning of that process? Yeah, because eventually everybody in the world and it's ironic that we've called China a currency manipulator, which they most certainly are, but what do you call quantitative easing? Right. What are you? Yeah. Right. We do it with fancy terminology. China just says, yeah, we're doing it, right? Exactly. Yeah. Yeah. So there's one bit of data I want to lay out to you and I know we've been along with your time. You've been very patient with us and I'll get to this. It has to do with government employees. I'd like to dig in that with you at some point into this as well because there is a, there's a separate economy. There's a separate employment economy, this parallel economy called government labor. We'll talk about that in a second. On this show, we operate with honest commerce and it's honestly this. When we review a product, if it doesn't work or something, I can't stand by, we throw it out. We just say no. When I heard about the Oxley Thunder, the Oxley 2 thunderstorm, I'm like, okay, you tell me I plugged this into the wall and it does away with bad smells, whatever, no. When I got it and plugged it in, I was stunned by how powerful it was. Then my wife one day said, man, that thing's insane. I mean, there's one of these in our house and I don't smell cat stuff anymore. We've litter boxes in the house and I don't smell wet dog and in this studio on days where I do bring in because that really does happen. I'm running in here, I'm late and I honestly do sometimes come in after a workout and God forgive me. I have time to work out. It stinks. Not with the thunderstorm plugged into the wall. I've got friends of mine buying this for their small medical clinics because rather than have candles and essential oils, which in my mind stink, I can't stand essential oils, this thing doesn't produce anything other than the beautiful smell of a thunderstorm. By the way, you can control it, you don't have to have it on 11 all the time. You can have it on three if it's a small space, if it gets too ozone-y, don't do that. It just destroys the molecules that make the bad smells and we experience it. You can have the same thing. In fact, there's a pet stink guarantee if it doesn't remove the pet stink, you get your money back. It's $200 bucks now. Whole home coverage, three of these devices, three of these devices. Go to edimpeardeals.com/tod, that's edimpeardeals.com/tod, simply use code TOD3 and they'll guarantee you. It doesn't destroy the pet stink, you get your money back edimpeardeals.com, use code TOD3. So Zach, as we wrap this up, I came across an interesting bit of data that indicates to me that we have a parallel economy in employment. State and local governments' employees' average cost of compensation was 40% higher than their private sector counterparts in Q1. salaries were 23.2% higher, but benefits were whopping 79.5% larger for government employees than their private sector counterparts. And this almost goes right through the middle of everything we talked about today. It's not just unjust, it's immoral, and it drives a further reason for these guys to never wake up to the reality that one day the dollar is really, really going to fall. That what you just described right there, that's vitamins. And for people that want to know why we're not going into a recession right there, listen to the numbers, Todd, just kicked out, guys. These people are making 30% to 40% more than they were making five years ago. If you look at government employee roles at record sites, just think about that. Then think about all the deficit spending on top of that with the inflation. We've been talking about this for a while, and again, I think it's kind of like the dollar people just have a tough time wrapping their head around it. We don't know how does the economy keep growing? You're like, look at the money that's getting pressed out there. And that's all it is. I mean, if you came anywhere, if you normalized to 2.5% deficits right now, you'd have for a recession so fast to make your head spin, right. But no, man, I think that you put it correctly and people need to understand that's what's happening and that it's a policy choice. And in my opinion, that's why the biggest risk regarding the dollar, and this is going to bake people's brains, just like it did in 2022, when we told people, look, inflation is going to soar and the dollar is going to soar with it and people look to me like I had a third eye coming out of my head, right. Why was that happening? Because of this system right here, the way it's set up, the way it actually functions as opposed to the way we think it should function, right. And that's why you're actually in a much in the interim before that process happens, before we de-dollarize, or better yet, it will probably be something like a monetary plaza cord where the world comes together and I'm forgetting the name of the, they actually did this, it wasn't called the plaza cord, that was the resolution of World War II. But anyway, it's something like that where we come to, I'm forgetting the name of, we've done this before. But where they come and they agree to probably structure a new global currency that will be based on a basket of commodities and a currency or something like that, but before that happens, the pressure point, ironically, is the dollar going up, right. That's what hurts people because, you know, everybody's like, Oh, Saudi Arabia is trying to get away from the dollar because they're worried about it in a class. That's nothing to do with that. If the dollar collapses, Saudi Arabia is loving it, China's loving it. Are you kidding me? It makes everything so much, it gives them so much more purchasing power and makes goods less expensive. So, you know, it just hurts us deplorables. Yeah. No, it's just, it's, it's ridiculous now. And so it's, but it's a, we got to, until that breaks, unfortunately, you're not going to see the dollar behave the way it should. Yeah. Well said, brother. Appreciate it. Wise counsel. Yeah. Zach Abraham, know your risk radio.com. Say hi to the family and thanks for always coming on and seeing things that ain't popular in your industry. I know that's, that's, that's, thank you for that. We'll talk on the side about all of that later. Thank you, brother. All right. Thank you very much, man. And as fun as always. Yeah. Thank you. Lord, thank you for Wise counsel. Thank you for friends. Thank you for reminding us that you are truth, you are lights, you are justice. You can't take a couple from those things because it's actually literally what you are. And thank you for being those things. This is the Todd Herman show, please go be well, be strong, be kind, please make every effort to walk in the light of Christ. Owning a rental property sounds like a dream until you realize how much work goes into getting it ready. Determine a competitive rent price, market the property, schedule the showing, screen tennis, drive the lease at a rent collection, handle maintenance, request, maintain authentication. Whew. 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