Hey, you want a free ten thousand dollars debit card. We're gonna talk with Zach Abraham about how you can get one. We'll do that with the help of renewed dot Healthcare. That's where this thing. I gotta tell you a story something I accidentally did the other day. Goodness, that should have blown up, but it didn't. Renew Dot Healthcare we go to elevate your
health care. We'll do that also. We cannot do this without God, Almighty Father, God, Thank you for the friendship with Zach, the fellowship. Zach Abraham joining us now, Thank you for wise counsel, and mostly for Zach. Sand I don't know nothing. It's all about God. The Todd Herman Show is one hundred percent disapproved by big pharma technocrats and tyrants everywhere. No from the high mountains of Free America. Here's the Emerald City exile
Todd Herman. Today is the day the Lord has made in these at the times to which God has decided we shall live. Zach Abraham joins us now on the Todd Herman Show, Zach consulting the Chances Hall shot the sharp man joined this. Welcome back, brother, Oh, it's good to be back. So I don't know that it's fun to be a chart guy in this world today. We don't get it. We don't get the game we want.
Man, we get the game that we get right. Yeah, guys, if you haven't paid for the video service yet, can I give you just one thing that give you the price of admission? Uh? Video dot The Todd hermersa dot com is watching when Zach is doing his job because he's talking with us. He multitasks sometimes and I can see him look at it, go what wondering what bit of financial insent is it? What's that's You can't and just think, Oh, it's that's the market we're in. That's
the market. Work hide it. I can't hide it. No, and why should you? Can I tell you something that happened to me that just yeah? Okay, So I keep looking at the wrong camera. I keep forgetting I need to look at this camera because now I'm looking Zach in the
eye. So you see my right shoulder hair, Zach, Yeah, that's the one I got surgery on. So we're in the GM the of the day, warming up, and I'm going to be doing some single arm kettlebell swings and releasing them at the top, you know, so go smooth and release them at the top. And I do ten reps with thirty five pounds, and my coach says, what do you think about going up a little
bit? Like that seemed pretty smooth. So I go walking back to put the kettlebell back, and I said, yeah, you know, we could do that, go up a little bit, although I said, I do want to kind of take it easy. At my right shoulder. I've been doing a lot on that. Then I went, oh, no, the coach goes, what I go. I used my right hand, Todd, it's the right shoulder, the one that I had surgery on, and it's at week ten, and I'm swinging at thirty five pound kettlebell ten times and
releasing it just tall like she was. I can't believe I didn't notice that you're just stop your I didn't notice. I didn't notice. He praise God that I didn't feel as snapping, feeling as all. There's the anchor popped out. No, what what it means is you got your boosters. That it's that's this is the stem cells. I'm telling you. Oh it's the booster shots. Oh yeah, it might you know, No, no, I avoided those. I got the stem cells from menew That's what did it.
And the HGH and and and all that's made possible by God. He invented the HGH. They he invented the placenta stem uh and and uh and uh milical cord stem cells. But can you imagine what would have happened if I just felt that snap, like when I'm swinging this, I would have walked in front of a bus. I don't think. Yeah, I don't think people get it, Like because when you said that, like I literally I had a moment of panic. Oh you thought he was gonna tell you,
Okay, guess what more surgery? Oh yeah, because I'm sitting there going okay, that ices workouts for me. The golf is gone. No, you know, no wakeboarding with the boys that said, like it's all oh right, right, So were wrapped a black elastic band around my hand, right right hand for the rest of the time in the gym, Like, don't use this hand since tomorrow I want to write like a big red X on it and do that. All right. We teased this at the top of the show, so let's pay it off. How do you get
these ten thousand dollars debit cards. It's in New York And do you have to be a bypocker. You just have to seek into the country, do you know? I don't know. My wife and kids are on the way to New York right now, so I'll let you know. I was like, hey, kids, you gotta go, we gotta go square away this year's college fund deal. Okay, good, all right, Well I want to invest in their education, right right, So like, go, come on, go, get one for the hometown. Nothing's more educational than hey,
you got some dark skin. What we're gonna have you do is we're gonna fly you down. Just just just pass the border, not very far heavy sneak over head over to New York City. Gets yourself a ten thousand dollars debit card. You you know, three kids, my mom. That's that's thirty forty grand for the family. You can't do it because your wife. It's a one way ticket too. So it's a one way ticket.
Okay, look, I've got the other tickets ready to roll, kiddos, but you better show me the goods, right, So yeah, it's it's a family college funding plant. No, no, I so a where where this just reeks to me, because where do you come up with ten thousand? And who's funding that? Ry it? Reeks? Why why ten thousand? What do we? What do we do? What's going on here?
Fifty three million dollars in taxpayer monies to a straight upright, very good, honest company called Mobility Capital Finance, So they get to administer that and it's just just some walking around money's it's not like they're trying to incentivize this. You did you ever meet Mike Lewis at Kyle Radio? I know the name, Okay, So I once said to him, our city of Seattle is advertising for legal immigrants to come here. He was so furious. I was
doing a team show with him. He was so furious he wanted to punch me. I could tell he wanted to hit me, but he knew that he shouldn't. And he said, I don't see the ads. How is this not an AD ten grant? And by the way, they're going to investigate this, and you know, think of what do you think the review process was like the RP process where companies were bidding for this? There wasn't
It was highly competitive? Yeah? No, I mean, I mean just anytime anytime a state or city government is running something, I just sit back with total confidence, knowing right there is a fiduciary duty and responsibility which they're administering those funds. And you know, we're building America one person at time. So explain the finances here to me, because here's what I think happens,
and tell me if I'm wrong. So the taxpayers they get they get all I almost said raped I'd be apt, So that the tax sparers have fifty three millions soldn from them, and it goes to this Mobility Capital Finance and then they hand out the debit cards to the illegals. Now, the illegals, they're not going to go out and spend ten thousand dollars in one day. Probably maybe they will, but Mobility Capital Finance takes that fifty three
million. They get it on a Friday. Then they say, we need to process some things and start handing this out, so the debit cards will start going out sometime in twenty twenty seven. Are you serious? No, I'm guessing. I mean, but you don't think they'd actually be making money on the float, do you? Oh? No, guaranteed guaranteed as a matter of fact, if we look under, the biggest shareholder of that little company is probably Larry Fink's son in law. No, literally, you don't
get I saw dribbled water in my shirt. Do you want a reason to have the video service? Look? It goes back to you and I have talked about this before, but I was just having this conversation with another client of mine. Okay, we especially everybody in the country needs to wake up, but even people on the right need to wake up. And I've had this discussion with several of my clients where they go, no, Zach, we don't want any government interference. I really believe in a free market.
Okay, I get you, right, And I was having this conversation about increased regulations. Yeah, and when I say that, people go, wait a second, Zach, what I thought you're a free market guy. Oh? I am a free market guy. Okay. The problem is is that when you have this cabal of big business and government, right, it's not a free market right right, It's not even corporate America. This is why I say so called companies, right, yeah, yeah, this is will
build a camp on the finance that's not a company. No. But and if you look at it, every time there's something behind it the reeks, right, like for instance, like Blackrock, Right, like we told you you know, Blackrock got the right or got the job. It was just give it to them to trade to buy two and a half trillion dollars worth of stuff out of the FEDS SPV, and they collected fees on it billions
of dollars. Okay, Then those corporations take those fees that Blackrock or the US Treasury didn't call Bulwark and ask us if we could buy some stuff for him, right, they called their buddies a black Rock. Okay, So then they get billions of dollars of fees and then take those billions of dollars and buy up city blocks of residential housing. Right. You don't see something
like this without the grift going on underneath it. So I will flat out guarantee you that there is somebody, and I would be surprised if if we dug deep enough we didn't recognize a name. Yeah, right, I guarantee you, because you don't get those government deals unless you're playing the game. Man. No, It's like this is so so very clear in all of these things, like take for instance, this obsessive push so all of a sudden, electricity is the new thing, all of a sudden, like natural
gas. What that's killing the blacks? Well what about no, no, no, here's the other irony. Here's the other irony. It's killing the inner city black. How many inner city homes have that gat? Oh no, it's not their homes, it's yours. It's yours, going from the separate country of Washington, floating over there, and and you know, killing the blacks in Harlem. So they make that statements. They all of a
sudden, jutcho trends. You know, we've got to have electricity, And everybody in the world who has studied this at all says you're going to break the electrical grid. And no, but that doesn't matter. Do you know how paid off we are, that mobbed up thing with companies like this that we need to start there. It's got to be a word for these companies
that aren't companies. I call them so called companies, their cartels. What would be a good word that would describe what they actually they are, which is they're the they're the inbred children of government. Oh, how about incubus, they're robber barons, they're the modern day robber barons. Right, And all you've done is you've just so the mechanism that the robber barons had a
lot of political influence too. I mean, if you go back and look at you know, the way that they grind it against or Teddy Roosevelt when he was you know, he got a lot of pushback against those guys. Yeah, but they weren't in cahoots with government the same way. But there were less rules, right, So it's it's tyranny and just by another lever right. So whereas there are more anti trust rules that these guys have to dance around, that is, in my opinion, supplanted by the fact that
they're in bed with big government. So I think that they're just as disruptive and just as damaging to the economy in the long run as the robber barons were. And I think they need to be busted up for the same reason there. Going with regulation is busting people like this up like busting up a black rock, busting up these big banks. Yeah. And and here's the thing. The bank side of it, in my opinion, is really easy,
Okay. And the reason why I think it's really is, I think what the government should do is they should say, look, here are the rules, okay, and if you operate this way, we will keep you will be eligible for FDIC insurance. If you choose to engage in these activities, you are not eligible for eligible for FDIC insurance. And then you step back and go caveatom tour. Guys, if you think that bank is so much better, then you're going to be willing to take the risk of not
being FDIC insured. And here's the beautiful thing about that, it's self regulating. Right. You want these banks to quit taking these outside stupid risks and then let if they know they don't have a net underneath them. And I'm just telling you as a guy that runs a finance firm, right, like, I know these guys, if they know they're on the hook for it, they're not going to do it. Yeah, yeah, right. I
love that. I love the fact that they know when they bet that big, they have to get bailed out, right, Okay, So then I would also do this. Then what we need to begin to do as well is on another front of this, look, legitimately, what's going on in New York. So it's a mobbed up entity, a robber, baron, an incubus. This capital mobility finance. My opinion of them sucubis, sucubists, okay, sucubists. And they are handing out money to people who broke
the law. They're rewarding that. Okay, fair enough. Every robbery, every rape, every drunk driving incident that these people commit, you are party to that. You have funded their lifestyle, You have rewarded them for coming in the ones we tie back to the cartels, because not all these people are evil people. They broke the law, they're criminals. All of them are criminals for sneaking into the country illegally, but not all of them are
horrible people. Let's not pretend for a second. But I'm sorry, but the working aged men who are here to exploit us, and god knows what else, we already know that some of them are cartel members. The kids who beat up these cops, these young men who beat up the cops, we now know they're tied to cartels. So hey, mobility capital finance, guess what you're aiding and abetting a criminal enterprise. Here's the other things.
At them, but zech go at them criminally, you're in bed Well, I mean, yeah, I would assume that like anybody's gonna agree it's a criminal action, right, Like I mean meaning you were so far out there at this point. For instance, you look at these people and go, well, we were built on yes, and I'd like to streamline the immigration. My uncle moved up here married to a Panamanian woman that got a master's in engineering from LSU. Okay, it took her ten years to get her
citizenship. I'm all about streamlining. It's ridiculous. I've got an analyst in England right now that I can't move here because I can't get them a green card. Okay, it's ridiculous. Right, and yet these cats come strolling in everybody's like you believe in immigration. I go, if it's what built our country, and I go. They weren't getting ten thousand dollars checks. So by definition, the people you were attracting were just ones that wanted a
fair shake. That was it, right, Just give me a shot, just give me a chance. That worked, unfettered. Right. They didn't want they didn't want forty acres in the mule, they didn't want a debit card paid for. They just wanted a fair shake. Okay, now you're ringing the welfare Bill Bell, So what are you doing. You're inviting in fraudsters and the least common denominator, that's the problem. And you're inviting people
who hate America and you're allowing them to continue to hate America. So you end up with voting districts that are eighty percent Muslim and they're electing people like elin Omar and she hates America. The swindle upon swindle that's related to this, the rigging of the electoral college just by the fact of electro college weight, and these congressional districts. Someone I read this study of the day. There's at least twenty maybe twenty five extra congressional seats that are totally due to
illegal immigration. And the Democrats have figured this out, and Republicans are afraid to go hardcore on things that criminal investigations to fight back against this. All right, let's move down to a different swindle. Hold hold on one thing. I got to add to that, though. I'll get asked that question. Yeah, I'll get that asked, that question about me, but I'll also get it asked about you, and I used to get about our good friend Dory. But my answer to people, so when don't they ask like,
hey, what's he really like? And I just always chuckle and I go, oh, you don't understand. Todd does not have the ability to be inauthentic like he did. There is nothing incongruent with Todd when you know him, Like you're just getting taught. Like it's just that simple, right, which is probably what you get to what people go, well, you really think that? And I'm like, listen, if you hear what I have to say on the radio, it's that it's just me right right,
it's what I think. I can guarantee you. I don't even know how to do that. But no, I always laugh when I get that question about you, because I'm like, Todd is one of the few people in the world that could be possibly accused of being too not not not possibly accused. You asked my wife about Hey, can we go ahead and not have our marriage be a big topic of conversation on the show. I'm just saying, I mean, you know, if it's so, there are band what?
No, I didn't say, Yeah, she's over here at the studio visiting. She's got a button that she can press binding my wife has that blood wherever I come, I don't know that there's any better way to show commitment to Independence day all year than to join with a coffee company. Born of a Navy seal, Tim Crookshank is a three time combat vet with us
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fifteen percent off subscription coffee. Since I've become discipled and I am around men who walk in a bide with the Lord Jesus, we're so honest with each other that I find the honesty slipping out, like and I so admire that that we have these you know, brother like, I know I can tell you anything right, and that's been stolen from young men. I am obsessed with how much has been stolen from young men. We'll get back to finances in a second, but let me ask you this. What do you think
is the biggest theft that this society has done to young men? I mean, obviously I would give you an example. Let's talk about this earlier, not just young men. I didn't get to have a son, but my daughter. My daughter never got to see me say, honey, you're asking me some really difficult questions, and I know that you're really hurting. And you know what, I'm a man and I don't necessarily have the answers to
these. So what if you and I get down on our knees together and let's open the Bible and let's read through, and let's see what God's word says about this. You're saying that you don't like how your body looks. Let's see if I can find the scripture here about how God sees you. Oh, look here, you were knitted together in the womb, and he kind of every hair in your head. And here's where God refers to as his masterpiece in these great plans for you. And you're made in his image,
honey, you made in his image. Oh my goodness, look what we found together. And then let's go to the psalms and let's let's there's some places where people have asked God to help them. And and that's the sign of a man who wants to be too strong for his daughter, or I wanted to be the wisdom brger and fear of fear of the Lord's a beginning of wisdom that's been solen from an entire generation of young men. They've never seen their dad say. I don't know, son, but let's consult
the Bible. Dad, should I I love? I think I love this girl. I think I want to marry her. Oh wait, the one who dated all your friends. Yeah, but that was a while ago. Oh well, yeah, let's see what the Bible says. I think that's a huge theft. What about you? I think there, I think there's a couple and I've got two young boys. I haven't dealt with this first one, but I'll put it out there, and it's something that I bring
up on a bashardly every time I'm talking to younger men. It's sexual promiscuity, especially pornography, right, the fact that it's okay, right, And it's not not okay because it's a sin. Okay, it's not okay because it's going to rot your mind and rob you of intimacy. It's going to rob you. It It that sexual promiscuity. And I have no problem saying it. I've dealt with it. I've had battles with it, right, That's why I'll admit it on here, because by grace, I'm saved.
And my struggles, if they're not used to help younger people or other people, then what's the point. Right, So, first of all, I think it comes down to us being honest and saying, hey, you're not dealing with anything. I heard a pastor recently say there are two types of men that struggle with pornography. It's or that don't struggle with pornography, blind men and liars, right, right, And I just and maybe not ongoing, but at times, and so I think this whole Oh, it's healthy,
it's normal. It is a robber. It wants to get into your home and bind you. Right. It wants to take everything from you, including it wants to give you the opposite of what it's promising. Right. If you want to be unhappy with your wife, get a pornography addiction. Right, if you want unrealistic expectations to treat women worse, all that other kind of stuff. Not to mention the women you're exploiting, right, Not to mention the horrific machine you're funding. Right. That and money, right,
the whole foot sex. And it's two one and two, right that having money is gonna that makes you a man. That's man. You go back, you know, Solomon talk to I've seen princes walk with I've seen princes walk with slaves, and slaves ride with kings. Right, it doesn't mean anything because it is the most renewable resource on the face of the earth. And that's all it is. And so you got these boys being told, get all the chicks and get all the money. If you want a
sad life, go for that. Ye talk about a non purpose driven life. And until you find your purpose, that is where fulfillment is. It's not in the stuff, it's not in the sex, it's not in the culture. As a matter of fact, it's the opposite. It's why I tell my kids win in doubt, do the opposite. Yeah, there's a song by the Tubes called She's a Beauty. Don't fall in love She's a beauty. If you do, you're going to find out she don't love you.
It is one of the best pieces of secular advice for kids because it's about step up right behind the behind the glasses, a real girl. You can talk to a pirty girl. She'll give you every she'll give you every penny's worth, but you must pay her a dollar first. And it's see and the poort is very much that way. I can tell you this. I shared this the other night with the youth group. I can look you, Zach in the eye and tell you I will never look at pornography again.
And the reason I know that is because the change the Holy Spirit in me. And I haven't looked at pornography in going on two decades. And what got me was before I was discipled, when I learned that a whole bunch of it was rape. The moment I learned are like, oh okay, well all of them suicide rates. Man, I just saw another one of a thirty some year old porn star that's just off yourself. Yeah,
and I'll never look at it again for that reason. And now that the Holy Spirit's empowered me in this, what a relief it is to be able to be around a beautiful woman and look at her as a child of God. Yeah, right right, But yeah, no, that's the other things. Yeah. Absolutely, your body as you age is going to experience some form of inflammation unless you are the magic person who gets the magic blend of antioxidants, never eats a food that doesn't belong in your body, never overworks,
never has anything like that. Now maybe you're that person. There are people like that who exist, so I have no some and they do yoga and they swim and they don't have any of that in their life. If you, on the other hand, have inflammation, which means you're constantly sore, you're making noise when you get up, it feels like you just worked out all the time. This some of the signs of inflammation. It also comes along with irritability, and it comes along with some problems in let me
be polite. Urination can be an issue. It can the common thing in the world as you reach for the things of the world like Iberprofen, and let's be fair to that drug. It does an incredible job of masking the symptom. Incredible. When I ate for Iberprofen at night, I woke up and it's like I never had inflammation. Problem was throughout the night that drug ate away my gut lining. So the moment I woke up and started to eat, I started to give myself more inflammation because my gut lining ad big
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what offers they have for you today. Nativepathcrill dot com slash Todd. Year decided foolishly to do my own taxes, so I told my account I think I got thiss handled. You know, I work at Microsoft and we've got some tax software. So I filled it out and did the tax software, and then my wife came. I came home. She goes, I, no, you don't like to talk about business e financing stuff right away, but I think you should probably look at this, Okay, what's going on?
Oh, we owe the IRS ninety five thousand dollars. Ew okay, what's this? And the IRS had determined that I didn't pay taxes, so we're gonna go ahead and ask you now for ninety five thousand dollars like wait a minute, No, And it was a quick books error. Oh and we need the money now and that sort of thing. Oh yeah. So I made an appointment to go see the IRS in downtown Seattle, and I showed up for my pointed time. I waited all of ten minutes. I
walked in. There was this unbelievably pleasant man. Good morning, mister hermannic To meets you. Introduce what's going on. I laid out from here's what I did, and he goes to and looks at some things. He goes, oh, yeah, okay, yeah, there is an error here. I do see that you attempted to pay and actually appears we owe you a refund. Yes, sir, okay, well listen, I can take care of this right away. I'm gonna need you to just sign some things.
You know what he said, Zach. He goes, I'm really sorry this happened to you. This can be very confusing. The tax shows is very confusing, Zach. I'm sitting there across in this man. I had tears in my eyes. Yeah, I said to him, Sir, I did not expect to be treated this way because we get a really bad rap as an agency, and sometimes we sometimes we deserve it. Sometimes we're over zealous.
Sometimes the up highs they don't care about people. I got into this line of work because I was an accountant and I got sick of seeing people screwed around with. I couldn't believe it. Well, a really quick similar story. We think it's from somebody that an extra grind against story Monson. But somebody called into the SEC and alleged that we were paying illegal kickbacks to
him or something like that. Yeah. Wait, he never told me that, but I mean, yeah, yeah, So I'm just sitting there looking at him, going, I don't know what you're talking about, man, Like you can look through my personal checking accounts, you can requiring like I just did the standard deal, Like nobody's paying anybody anybody, and they they they put some handcuffs on us for about two and a half months. I
remember that. But yeah, even before they resolved it though, the guy came back and he said, look, we can tell what this is. Now you're good to go. We're not resolved, but go ahead. You guys have done nothing. He was just incredibly reasonable, so much better than I thought. Yeah, and yeah they do get a bad wrap, Yeah they do. There's something I need you to unpack for us. There's a couple of things deal flow wise. One has to do with open AI and
eighty billion dollars. Then you and I need to celebrate together this one point five billion dollar gift that figurehead Biden. And I think he's using Barack Obama's money for this. I think this was the left of her money from the Oboma phones because there were some of those that weren't collected, so he's using that. But this eighty billion dollar open Api thing, I really need you to explain this to people, and the way that only you can open api
maker of chat GPT. Although they've got that thing right where there's the nonprofit and yeah they've set up the scam. We're a nonprofit over here, but we have now a bunch of analysts got together and outside analysts said, hey, the company's worth eighty billion, right, So these sober eyes looking at it, eighty billion, and now the employees can sell their shares based upon
an eighty billion dollar valuation. Was that the way it worked a bunch of people from outside looking at the company and determining that well, yeah, yes, okay, good, Yeah it's awesome. Then yeah, really, what it's determined by is deal demand, right, like how many people want to get into it? Oh wait, wait, so this wasn't a whole bunch of stock market analysts like me going to the books. I mean it may have been, but I mean, look at video. I don't really think
those guys are too sharp a phials right now? Right, I don't think they're really grinding over the spreadsheets. Does open API or they released in revenue nubers yet because I thought they stopped doing that. Well that's the thing. I mean, you know, you're talking about a very minimal amount of revenue. I don't know how much, but I mean this is all development stage right now. To be fair to them, if I was running open AI,
i'd probably do the same thing. And the reason I do the same thing is, Look, it's not the company's fault that a bunch of morons want to pay way too much for it. You know what I mean like it like, it's not your fault. So I'd sit there and go, hey, guys, you can cash in some chips right now too. I mean you can do it, but I mean this, And this is why I say, guys, this is why, just mark my words, more investors will lose money trying to get into AI. Then we'll make money,
okay, like at the end of the story. Just over the next five years, more people will lose than we'll make. And the reason is because of this. When you get a mania like this, right, by definition, the assets themselves quit reflecting what their own fundamentals are. And AI is a classic example why. Because everybody wants in and there aren't many places to make bets because there aren't any real AI products. Shit, Okay, now
it's gonna be big and it's going to be a transformational deal. But it is kind of like the tech boom on steroids, meaning anything that looks and if it looks and sounds like a duck, you're like, not even that. If it has webbed feet, they're like, it's a dot, right, You're like, well, no, that's a kid that has web toes or doesn't matter, it's a lay exactly right. It's a puppy, right, but if it even comes close to that, and then by definition and
so here this is why people lose so much money. Is that to get into those you are paying pure speculation. Okay, like the tech boom, eight or nine out of ten of these things won't be viable. It's mark my word. It's the way this happens. Yeah, And this is why bubbles get so damaging, because everybody's making so much money that people pile into this stuff with way larger percentages of cass and by definition eighty to ninety percent
of the bets. They're placing wrong companies that aren't going to make it. Yeah, right, so you know, and then they sell at the wrong time, they buy it at the wrong time. Everybody's like, AI is going to be big, and you're like, guys, it already is, right. The easy money's been made on this. My friends and brothers. Zach Abraham, chief investment officer Bulwark Capital Management, cannot do enough of his free life workshops on this inflation or environment. These things keep selling out.
It's so vital and people are beginning to understand how inflation is the silent portfolio killer. I mean, your tirement's based on future results. Right, what's inflation have to do with that? Everything? It's a cancer. Find out if you're doing the right thing to have a portfolio setup for inflation with risk management and active management and portfolio which you can actually reduce risk and volatility. Zach's giving another of his free live webinars July twenty fifth. Learn more and
sign up for the free live webinar. Just go to Know Your Risk Radio dot Com. Space is limited and it fills up fast. Go to Know your Risk Radio dot Com. That's Know your Risk Radio dot Com. Investment Advisory services off through Teck Financial LLC and sec Register Investment Advisor Investments in volb risk. You could lose money. Past performance does not necessarily indicate future results. You remember Broadcast dot Com Mark Couban's company, So that had been I
forget what that was called prior. It had a chunky name, and then he got broadcast dot com like web radio, yeah, something like that. Yeah, And we were when I was doing radio for the first time, before I did the tech thing and Microsoft and founded companies and all that. We were one of the first companies to adopt that streaming platform. And so our our radio station did super well. We were beating like KLIF and Dallas and we were beating KBC from Los Angeles. It was really cool for us.
So people given the choice of what to listen to, said, wow, these these guys are really fun to listen to that back in the day doing wild and crazy talk radio. And Mark Kuban when we when we left the radio station, we founded this internet radio company. We accidentally, legitimately accidentally ended up with a broadcast dot Com computer. So, wait, whose computer is this? This isn't something we bought. Oh my gosh, that came from the radio station. Oh, we got to take this back,
right, So we were going to take it back. We did, and we opened it up and probably shouldn't have, but we looked at it. What was it? It was a Microsoft PC. It had absolutely no special sauce in it at all, and we so somehow Mark Cooban himself found out we had the machine and he got in touch with us and I had this conversation and he said, I want my machine back. We're taking it back to the radio station. I take it back Monday. No, I want it now. You want to fly it from Dallas and get it what do
you mean you want it now? Don't give it to the radio station. I want it, Mark, I can't. This is like no and boomffort efford, And I said, he hung up on me. Why was he doing that? Though? Because he didn't make computers. I have a suspicion as to why I was doing it. So my suspicion is Mark was a brilliant salesman, and I'm not here to say he's not a smart guy. Sometimes he's called the dumbest VC in the valley, and I don't know that
that's fair or unfair. I don't I don't want to bear false witness against him. I had a subsequent conversation with him in Los Angeles, and to be fair, he was very pleasant. He remembered that he laughed and he said, yeah, I was really paranoid at that time. Now here's what he built with broadcast dot Com that he took to Yahoo. You were talking here about OpenAPI and this overvaluation and buying the hype. So we were in
the internet radio business. Mark did a better job of positioning than we did. I would say that we had greater value than they did. And I'll say wise because we actually owned exclusive contracts for distributing our content across great, big, huge websites. We actually had ad insertion technology. We actually had content technology where we could customize a stream for any website and they'd never know we actually had all this stuff. Mark had this. Broadcast dot Com buys
them. Yahoo buys them for five point six billion dollars. Mark's receptionist, he famously Bragg became a millionaire. Yahoo gets the company and says, WHOA, Now we own the streaming content of the NFL, of the NC double, of NASCAR, of Major League Baseball. Because what Mark was actually doing in going to these radio stations was it was a back doorway of streaming sports because there was no contract for major league sports. That's what he was pitching.
That's what Broadcast dot Com bought. Now. Prior to Yahoo buying him, Broadcast dot Com had very few assets. They were largely pre revenue. So you had the sports world sitting back there going look at that, like we should sue him for what what are we gonna get? Broadcast dot Com LLC or whatever, what are we gonna get? It's not even worth suing
him. Let's see the radio stations. We can't Yahoo buys this thing, and all of a sudden, the NFL comes along and says, take our stuff off, major League Baseball, go ahead and stop streaming our stuff or pay us so do a hold on it. They purchased him. Surely in the purchase process they must have asked for reviews of deals with the NFL, major League Baseball. You think so they just they just completely with their due diligence. What due diligence? That's crazy, right, Who would spend five
point six billion without looking? Okay, so here's what I was told was the way this deal went down is that Yahoo had to break out into this content. They had to become this content machine. Y'aho stood for yet another hierarchily organized oracle. That's what it stood for. Funny name search engine. It was a person. It was a a y'ahoo used to be curated by human beings. We got to get into the content game because you know what, we've got to get an open AI. Hey, it's content, guys,
We've got to get content. Get us some content. So let's get into the content game. Okay, let's get into the content game. Now. I can't sit here and tell you that they did no due diligence. But those of us who knew, we're looking at this going wow, yeah, five point six billion dollars for no ca on tracks. As I recall, I mean this is all by recollection, but I know that afterwards, all of a sudden, this this stream is gone. This is good.
Then you have the radio stations coming on going yeah, we'll go ahead and have you pay us. Since you're streaming a radio station, we'll go and have you pay us. So we went through this thing in that period of time where we had Venture Kapalis going okay, do you have anything algorithmic with music? Pandora is big, we're doing algorithmic stuff. Well no, we're not. Well no, no we are. Well let's find a way to say this. So what you're saying with open API and in this this this
chat GPT stuff is people are paying a premium for hype. Eventually you're going to have events like the broadcast dot com people where people go, oh wait,
so you just licensed your your your AI. This is and and and the other thing is that any time you get into these scenarios have to be extra careful because you know the whole environment is right for fraud, meaning lo Yeah, fraudsters aren't stupid, right, So, anytime you see people that much money chasing so few things, you know for a fact there's a bunch of fraud and vaporware making Oh my gosh, when CEOs are coming out and
saying the word AI and their conference calls fifty five times and the stock goes sixty percent with no evidence of that happening. I'm not saying they're lying, and I'm not saying they're hyping up what the results are going to be. What I am saying is there are a bunch of people that see how they're doing it and will lie and cheat, and you get sucked right into it,
right. So, and that's why I say when you look at scenarios like this, you can ride the wave, but you've got to do it in a way that you're always protecting your downside risk because you have to know you are riding just that a wave, and every single waves ends up the same place right on the seashore, so this will be the same way. The problem is is that's not what bubbles do. They're capital magnets. The bigger they get, the more money they suck in. And so when they
apex and when they collapse. It's always at a point where it's maximum paying for the maximum number. Yeah. I remember being on a panel in San Jose at an event's a Microsoft sponsored panel, and I was researching the companies were going the panel with me, and my PR agent said, Hey, this guy's really nasty. He'll downtok your company, He'll try to get you into an argument. He's gonna lie about you. Just know this. He's vicious. Okay, fine, that's fine. I've been around vicious people in
my whole life. So I do the research and he does. He turns vicious with me and said, why do you call yourself the first Internet radio network? You're not the first internet radio network? And I said, well, Michael, just because we were the first one to syndicate, which is what network means. Incidentally, why do you use his second name in a bio? What I go on your website? You're two people? Why is that? I don't know what you're talking about. Oh, I can show
you. It's right here, and I pull up. There's two separate bios. You have the same guy. Why are you taking half your bio and being this guy and half your biome being this guy? And by the way is that a legal alias? Is that disclosed in like financial data? Did you tell your venture capitalists you're doing this? Are you actually pretending you're this top heavy with talented executives and the look into Silicon Valley types says, oh
no, he didn't. And the guy who's hosting the panel, who's a dear friend of mine, Sara. He goes, well, Brad, I don't mean to hijack the panel. We should just probably talk about technology for the rest of the panel. That guy was just as it's just as quiet as nothing, nothing to say. And afterwards he comes back, he goes, I'll get you for that. I go, dude, you're done. You know you're all done? All right? So the figurehead Biden, let's
celebrate this together. Do you have a beverage? Because I thought we would toast the figurehead together? Water? Okay, yep, water two with a little salt, pinxie salt. I have you know? So the figurehead, ladies and gentlemen, Biden, he has wiped out one point five billion dollars in student loan debt, again in complete contravention to what the Supreme Court said he could do. Let's hear it for figurehead Biden. He's making the heart
he's making the hard choice. The one thing that's missing in the Supreme Court that our Constitution was an enforcement mechanism. He has been told three times he can't do it, you can't do it, and he's continuing to do it. And that's the sort of swindle that brings us right back to the top.
What do we got ten thousand dollars for illegal immigrants in Washington, d c. Run through a Sucubus non company in my opinion, Mobility Capital Finance, and you're going to pay the tab again for an illegal activity by the figurehead. Didn't God tell us that in the end times people would be lovers of themselves, turn from the word of God, seek to have their itching ears tickled by teachers who would tell them what they want to hear. It's almost like God knew what was coming. Mm hmm, yeah, weird.
Huh. Brother, It's always a pleasure to have you here, man, Thank you so much. Know your risk Radio dot Com. Zach Gabraham soon by the way, to be starved the Zach Abraham nighttime TV show on CNN. Yeah I don't you didn't know? No, Yeah, that's highly inaccurate. I don't fit their program. I was gonna say no, no, probably not HBO. Yeah yeah, well maybe night time with Zach Gabraham. All right, brother, thank you so much. Yeah alright, Oh,
Father God, thank you for wise counsel. Thank you for a fellowship. People say, and you know, say anything about this Zach, and I mean to make you blush, but there's a lot of friends of mine to listen the show go. I have my favorite time with you is Friday with Zach because you seem happy well, hanging out with friends. Says that. Thank you, brother, I appreciate you as always. This is a Todd Herman show. Please go, be well, be strong, be kind, and make every effort to be right with God.