TRANSKRIP 🔗
WEBVTT
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Elections have consequences. Morally, they have consequences. Culturally, they have consequences. Economically,
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they have consequences. Spiritually, they shouldn't. We'll talk about all
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this with the help of Zach Abraham, Chief Investment Officer,
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Bulwark Capital Management, NewEaristPodcast.com, and God Almighty.
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The Todd Herman Show is 100% disapproved by big pharma
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technocrats and tyrants everywhere. From the high mountains of free America,
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here's the Emerald City Exile, Todd Herman.
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Today is the day the Lord has made, and these
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are the times through which God has decided we should live.
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Joining me now from the separate country of Washington State,
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maybe not for long, Zach Abraham, Chief Investment Officer, Bulwark
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Capital Management. Welcome back, my brother. Thank you.
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I'm licking my wounds, man.
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I know. You guys won one victory, and I think
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it's an important one, and I want to start with
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the good news. You guys have rescued girls from having
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to compete against boys in sports. So on that front,
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congratulations to Let's Go Washington. That's one you won. And,
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I mean, you have kids. You have boys in sports.
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How are you feeling about at least that victory?
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Well, I wasn't worried about too many trans boys trying
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to get into our football teams.
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Yeah, girls tend not to want to play against boys.
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Right.
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So not a whole lot of– look, I think it's
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great for girls. I'm really proud of our mutual friend,
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Brandi Cruz, because she really spearheaded the fight on this.
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I think it's awesome.
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I will say– let me throw a Washington at you. Okay,
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so at the same time we protect women's sports– We
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also vote against parents having access to their own children's
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information via the school.
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Yeah.
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So your kids can get trans and drugged and aborted,
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have their kids aborted, but they don't have to tell you.
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I still have not. And trust me, I've tried.
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I still have not listened to a single person put
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a cogent or, and when I mean cogent, I don't
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mean obviously like you and I, and probably nobody listening
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to this podcast is ever going to side with a
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school retaining that information from parents. But I'm telling you,
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I can't even find an argument for it where you
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at least sit there and go, okay, I can see
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the other side.
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For instance, if we look at.
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The trans and girls sports type thing, look, you know,
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to me, it's ridiculous and it's a really simple topic,
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but one of the arguments that you could understand.
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That I thought was completely.
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Bogus, but you could understand was we're talking about 10 kids.
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You know, we're talking about such a small percentage of people.
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And I'm like, look, that is like the worst argument ever.
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Right.
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But I can understand how that grabs people's minds and
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they're like, oh, they're just trying to hurt the trans kid.
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You know what I mean?
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Like I can understand how somebody that does not have
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a logical intellectual process could buy that. Now you flip
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over to schools not releasing information to parents and I'm going, what?
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I who, where on earth is there, how would any
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parent like it's, it's, it's an apolitical thing. You don't
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want to know, you don't think you should have the
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legal right to know if the school is trying to
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change the sexual identity of your kid or enabling it
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or helping it. Like what I, even if you're pro
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trans kids, wouldn't you want to like, And look, I'm
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pro-trans kids in the sense that I love every kid
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and whatever. But even if you're like hardcore on the
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trans side, you'd think the parents would go, well, no, no,
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I'm with you, but I still want to know.
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Yeah.
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Right?
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So much of this is based upon
Load full transcript
the ballot initiatives
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purposely confusing your voters over there. So is the word trans.
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If you say it like it is, should boys play
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against girls?
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No.
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Right?
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And so they take this word. They do the same thing.
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They're talking here in keeping these secrets from parents. Here's
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how they put it. Should children have healthcare privacy? Should
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a girl be able to talk with a doctor and
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a trusted adult about issues of sexuality without having to
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fear their parents' reprisals or being outed? This is another thing.
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I saw this in the Seattle Times. Um, Should so-called
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trans kids be purposely outed by the schools? Should same-sex
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attracted kids be forcibly outed by the schools? This is
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what the proponents of this bill want. They want to
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dox and out these kids. They want to force them out.
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They should be able to have these discussions with trusted adults,
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and they do the same thing. It's appeal to authority. Well,
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most pediatricians say that some kids are born in the
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wrong body. The experts in the school, they say that
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we should not force kids to come out, and that's
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what these people want. They want to force them to
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come out as so-called trans or as same-sex attracted. That's
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how they phrase it, as if the parents aren't the
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first people who should know. That's how they do it.
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When you look at the suicide rate of trans kids,
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how in the world would you justify not disclosing that
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they are going through that to anybody that is the
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legal guardian of that child?
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That is insanity.
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How you justify that, we might offend them versus we
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might find them hanging in their closet.
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Yeah. And.
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You go back to appeal to authority. This is, to me,
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where so much of this resides. And this is the
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same thing that happened in your ballot measures. Now, there
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are going to
be massive economic consequences to this. I
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want to look at the cultural impacts of this. You
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guys now, you live in a state, and everybody who
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doesn't live in Washington, I beg you to understand, if
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you watch the blue wave, understand they have all watched
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Washington State. They have all watched California. They are watching
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the outcome of this. You, Zach, now operate in a
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state that has no law.
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Right. Yeah.
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Because the income tax is expressly illegal in this form,
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100% unconstitutional, unquestionably so. And yet there it is. It exists.
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They put a confusing ballot process together. You had to
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vote no to vote yes. And then- they described it
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as cutting a budget that hasn't been created on a
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tax that won't be collected until 2029, I believe, or 2029, right?
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They lied. Huh? They lied.
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They lied, yeah.
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You live in a state that now, I'm not hyperventilating,
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I'm not exaggerating, there is no law, there is no constitution.
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What's the immediate economic impact of that?
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So, I mean.
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It's, and that's the crazy part about doing this. I've
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referred to it as economic sepuku, right? Where you're just
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gutting yourself, meaning.
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You see it already.
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I mean, we're talking about, I believe we've just crossed
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over 40% vacancies in commercial real estate. So now remember,
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here's a crazy one. This will blow your hair back.
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You're talking about 43% vacancy And Amazon and Microsoft together
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are sitting on 2 million square feet of office space
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that is vacant.
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Put that into perspective for people. 2 million sounds like
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a huge amount of real estate.
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Don't quote me on this, but I believe it amounts
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to something like 20%, 25% of commercial real.
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Estate in Seattle. Okay, so you're talking about a ton.
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So if and when that hits the market, So the
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other thing is, and I tried to warn people about this,
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virtually no businesses will get funded here because of what
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you said. And it's not people thought that this is
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like a vindictive thing. And you go, that's because you've
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never signed the front of a paycheck. Why am I
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going to move or start a business in an area
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or a place where I legitimately do not know what
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the law is from one day to the next?
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Because there is one.
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Because there isn't one.
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What do I do in a place where I have
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documented cases and I've got personal experience of legislators using
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the apparatuses of government to go after political opponents who
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are legal tax paying law abiding citizens in the state
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of Washington.
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That's where that happens.
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So it's mind numbing and the economic impacts are going
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to be devastating. And they're going to be devastating because
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we don't have 300 days of sunshine. We were a
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tech hub. But what made us a tech hub was
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being on the West Coast, the proximity to the actual
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tech hub, and the fact that we were an income
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tax free business friendly place to be. So we were
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like kind of the B team for San Francisco. where
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let's face it. And I'm generally speaking here, but a
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lot of your younger folks in the tech game were, were,
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were kind of up here, right?
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It was like most of your a team in the tech.
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World was still down South of California.
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But a lot of them, the cost of living didn't
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matter because they're getting paid so much.
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So kind of more of the economic working class, kind
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of the blue collar of tech.
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Was up here in Washington. Cheaper real estate, friendlier taxes.
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I mean, they're making good money. Don't get me wrong.
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But they're all probably more in the $ 400, 000 to $ 700, 000 range.
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where a lot of the big cats.
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In the, in the, in the important player, the swingers,
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you know, in, in, in, uh, in the tech game,
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we're down in the Silicon Valley range, Bay area.
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That kind of stuff. Um, you've just nuked that.
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There's no reason to be there, you know, for that now, um,
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Starbucks has left Columbia banks left or is leaving. They've
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moved their executive team to Arizona. The articles of incorporation
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are soon to follow.
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Yep.
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Um, It's going to be devastation, man.
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And the crazy thing is, is that it's when you
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say it's going to be devastation, all you're doing. And
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I'll give you a quick little visual aid. You know this,
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but all you're doing is you're looking at the trend.
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Right.
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So you're up.
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You started going down and you're like, okay, I think
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it's going to keep going down. We're not predicting.
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It's happening right now.
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You've got a record number of houses over a million
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dollars that have been put up for listing.
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Inventory in that part, it's just ripping. I mean, you
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can see it all over the place.
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I was talking to a buddy of mine who's a
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state legislator and also owns a cabinet-making business.
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And he goes, I think my business is going under.
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And I said, why?
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And he goes, I had four people cancel their orders
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just today because they saw the way the tax was trending.
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And they went, you know what? Instead of remodeling, we're
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just selling and leaving.
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Yeah, yeah.
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And then that's all over the place.
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I mean, listening to these people exaggerate the economic damage
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that this is going to do. And to be fair
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to them, I think the vast majority of them believe
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their own BS, like they believe that it's actually not
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going to be this bad. They believed that we were
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all bluffing. I don't think they got it. Now, I
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think a few at the top do. But, you know,
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this gets into the deeper aspects of it, which is
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I don't actually think that this was a measure that
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Bob Ferguson thought was a good idea.
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Governor.
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Yeah.
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Yeah, I really don't.
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And I think he got, I think the SEIU put
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his feet to the fire. Actually, I've been told this,
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that they said, you do it or we'll primary you.
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And they hold all sorts of power in that separate country,
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which is one party. And they have been the money
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laundering device. Hear this around the country. The SEIU is
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a one thug machine to force people to stay in unions,
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even though it's legal for them to leave. they won't
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let you do that. They'll do everything they can to
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harm you. Secondly, it's a money laundering machine for Democrats,
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and it has become a culturally leftist thing. This is
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what's so insane. Most people who work for the SEIU
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don't know what a cultural leftist godless mechanism it is.
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It's purely godless.
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No, and here's what people around the country need to understand.
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Again, I knew it was bad.
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Getting involved in this fight against the income tax really
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taught me a lot, opened my eyes. It was one
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of those deals where you're like, yeah, we probably have
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some termites, you know, and then you bust open the
250
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drywall and you go.
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Oh my goodness. Oh my goodness. Get a tent over
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this house as quick as you can. We got work
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to do.
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Right. But here's a perfect example of what happens with
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one party rule. So now I'm going to butcher some
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of this, the numbers I'm going to get right.
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Okay.
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So there was in the infinite wisdom of the state
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of Washington, they decided, That to improve, and I believe
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it was education, but to improve the educational
process in
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the state, to improve outcomes, to improve student outcomes, we're.
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Going to pass this new designation.
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Because we're always a training or a designation away from
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fixing something.
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Which I laugh every time I see that because I'm like, Yes.
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So tell me once again that our government is filled
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with a bunch of bureaucrats who have never actually accomplished
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or done anything really.
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Right.
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Because only you could believe a designation would make a difference.
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But here's how it works.
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So we develop this new designation and then we go, OK,
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who's going to administer, teach this designation and put it
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into place?
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Well, the WEA, Washington Education, which is just another form
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of the SEIU.
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And I believe it's just the Union for Teachers, where
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the SEIU is the union for all state employees. Right.
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But but it's like Team A.
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Team 1A, Team 1B. It's all in the same deal.
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And so we're going to hire the WEA. So they
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determined or estimated that putting this new designation into place
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and educating the people properly would cost.
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$ 83 million. No, no, hold on. It gets better. Do
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you know how many people got the designation?
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Eight.
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Twelve.
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Twelve people. $ 83 million for 12 people.
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So here's the scheme. Everybody looks at that and goes,
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government's so inefficient. And I go, no, you're naive. This,
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what do you, where do you think the WEA and
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the SEIU got the money to throw three to four
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X at the income tax? What the rich guys put
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up in the fight.
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They got it from that.
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They're illegally pilfering tax dollars and awarding them in these
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nonsensical ways where if you look at it, it's almost
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like they're, not almost, they are, they're using the veneer
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of government inefficiency to cover out and out corruption.
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And that's what they're doing. Think about that. How could
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a government be so wasteful? Great question.
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Do you really think Bob Ferguson is so stupid that
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he would allow that kind of waste versus the other
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things that he, right?
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Because liberals never have enough money.
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If they spent 83 million on 12 designations, trust me,
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they know it and they deemed it worth the cost.
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$ 6 million per person. But yes, then they launder the
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money back. They fight you guys, your public disclosure commission,
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They waive the spending rules magically about 20 days before
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the election. The spending cap is off. You guys would
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00:16:56.789 --> 00:16:59.870
have to go raise money, not the unions, because they
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00:16:59.909 --> 00:17:03.460
have it, because they take it from the taxpayers through theft,
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and you shall not steal. This is why one of
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the reasons I call them godless. We would be wise
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to remember the costs other people have paid. Christ paid
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the ultimate cost willingly for us in perfect submission. Other
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00:17:15.200 --> 00:17:17.900
people were willing to die for us for these ideals
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00:17:18.420 --> 00:17:25.619
and your right to vote. Tim Cruikshank is celebrating that brand,
320
00:17:26.200 --> 00:17:27.740
and he's doing that with the Spirit of 76. It's
321
00:17:27.740 --> 00:17:28.940
100% Colombian medium dark roast. It is crafted as a
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00:17:28.960 --> 00:17:38.359
tribute to everything the patriots fought for. beginning in 1776,
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00:17:38.359 --> 00:17:40.900
or I guess that's when we really celebrate the beginning
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00:17:40.940 --> 00:17:43.890
and recognize it. And when they went to war, remember
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00:17:43.930 --> 00:17:48.690
what they were doing. In a boat that is roughly
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00:17:48.750 --> 00:17:52.230
the size of this room across, if you're looking at
327
00:17:52.250 --> 00:17:55.549
the video version of it, it's roughly a 14-foot boat,
328
00:17:55.970 --> 00:17:59.259
long and maybe six feet wide, roughly that. That's what
329
00:17:59.279 --> 00:18:01.819
they used to go to war against the greatest navy
330
00:18:02.180 --> 00:18:05.279
the earth had ever seen up to that point, the
331
00:18:05.339 --> 00:18:09.289
Royal Navy in Britain. That was the naval launch. Remember that.
332
00:18:10.950 --> 00:18:15.109
In spirit of 1776, this bag has really powerful symbolism.
333
00:18:15.250 --> 00:18:17.230
On the front, it's
Paul Revere riding through town with
334
00:18:17.329 --> 00:18:20.970
one lantern. You know that image. Tim is celebrating the
335
00:18:21.009 --> 00:18:23.690
250th anniversary of America. Many of you are. This is
336
00:18:23.710 --> 00:18:26.259
a great time to also do this during the midterm
337
00:18:26.299 --> 00:18:28.640
election to show where your heart is at. And it
338
00:18:28.680 --> 00:18:31.579
happens to be one of my probably top three favorite roasts.
339
00:18:31.599 --> 00:18:34.480
We always get a bag of this in our delivery
340
00:18:34.539 --> 00:18:38.029
that's never stopped since I tasted it. Go to bonefrogcoffee.com,
341
00:18:38.890 --> 00:18:41.730
log into your account and use code Todd at checkout
342
00:18:42.109 --> 00:18:45.700
to save 10% off your first purchase, 15% off subscription coffee.
343
00:18:46.140 --> 00:18:48.799
If you're active duty military or an active duty first responder,
344
00:18:49.079 --> 00:18:51.200
you'll get 20% off and he's got a method to
345
00:18:51.259 --> 00:18:55.480
confirm that there. If you don't have an account, create one. Bonefrogcoffee.com,
346
00:18:55.579 --> 00:18:59.009
always use code Todd when you check out. Now you've
347
00:18:59.049 --> 00:19:02.630
talked about the, you are one of the authors of
348
00:19:02.690 --> 00:19:05.490
the idea, Zach Abraham, one of the authors of the idea.
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00:19:06.920 --> 00:19:11.059
That you follow a nation's economics, it will reveal their
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cultural values. Their cultural values are expression of things like
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their spiritual values. You have talked about that. You've gone
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through this case of this illegal income tax. They changed
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every rule to keep it in place, every rule to
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get people who thought they were voting to do away
355
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with it, to actually vote for it. All the confusion,
356
00:19:30.509 --> 00:19:34.410
all of it. You've talked about the economic impact and
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people are fleeing, businesses are fleeing. It's going to be ruinous.
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What does it say about the deep culture of the
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separate country of Washington state? I know what I think
360
00:19:44.000 --> 00:19:45.809
it says because I used to live there and I
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00:19:45.869 --> 00:19:48.609
still have deep, deep roots there. What do you think
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00:19:48.650 --> 00:19:51.700
it says about godlessness? or godliness? What do you think
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God's plan is in this? What does it say about
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the immediate culture?
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Look, I don't mean this to be hyperbolic at all.
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I think it's a very accurate description. To me, it's
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the equivalent of.
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Sodom and Gomorrah. And when I mean that, I don't
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mean that.
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Um, I mean, I'll coin a term here. I mean,
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I think sexual profligacy is obviously part of that.
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Yep.
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Um, but what I mean by that is I think
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we are now a state that has been written off
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and it's just waiting for the ax to fall.
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It's, it's all over, but the.
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Crime there there's, and this was literally the last stand, meaning, um,
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what this income tax after being followed by the cap,
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the estate tax, which was illegal as well, which was
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being followed by the Supreme court overruling the will of
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the people via the natural gas bill that passed that or,
382
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or shot that thing down by 66% Supreme court overrode it.
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It's I'll just tell you being on the front line,
384
00:20:55.970 --> 00:20:59.910
talking to these people, the people that stayed like me
385
00:21:00.069 --> 00:21:02.930
and agreed to participate in this fight, we did it
386
00:21:02.990 --> 00:21:06.089
on one condition that this was the last go round. So,
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And here's what, and pardon me for saying this, here's
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00:21:09.670 --> 00:21:12.289
what the idiots in the state just refuse to listen to.
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00:21:12.769 --> 00:21:14.950
I actually had one of them clap back to me.
390
00:21:14.930 --> 00:21:16.250
On Twitter today and.
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00:21:16.190 --> 00:21:20.470
Go, well, if they try to pass this income tax
392
00:21:20.490 --> 00:21:23.250
to everybody else, what you guys have proven is the
393
00:21:23.309 --> 00:21:24.950
initiative process is pretty easy.
394
00:21:24.970 --> 00:21:27.049
We can just file initiative and stop it.
395
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And I go, buddy, all the people that paid for
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00:21:30.720 --> 00:21:32.369
the initiative are gone now.
397
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We're all leaving.
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I will not drop another dollar in a political fight
399
00:21:38.029 --> 00:21:38.529
in this state.
400
00:21:38.650 --> 00:21:40.630
I'm done. And I said it from the beginning. I
401
00:21:40.650 --> 00:21:41.930
was like, this is my last fight.
402
00:21:42.029 --> 00:21:42.309
Why?
403
00:21:42.650 --> 00:21:45.390
You're throwing good money after bad at this point. And truthfully,
404
00:21:45.529 --> 00:21:48.630
I did that already. Why did I do it? I
405
00:21:48.690 --> 00:21:53.339
believed it was my personal responsibility. I believed it was
406
00:21:53.390 --> 00:21:55.130
the right
thing to do. My wife and I prayed
407
00:21:55.170 --> 00:21:57.000
about it a lot. And I believe that's what God
408
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wanted us to do.
409
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I still do. But- No more.
410
00:22:02.400 --> 00:22:06.309
And and what he what they don't understand is you
411
00:22:06.369 --> 00:22:10.509
just chased out the last vestiges of any heads you
412
00:22:10.549 --> 00:22:14.940
have against them in the government. And and they're so clueless.
413
00:22:15.000 --> 00:22:16.599
I want to look at him and go, who's going
414
00:22:16.619 --> 00:22:20.299
to fund the initiative, buddy? And I go, or you're
415
00:22:20.319 --> 00:22:22.640
going to trust the governor that's saying there's no way
416
00:22:22.680 --> 00:22:24.480
he'll lower the threshold without a vote.
417
00:22:24.819 --> 00:22:27.119
I go, you didn't get to vote on the tax
418
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in the first place. Well, we're voting on it now.
419
00:22:29.619 --> 00:22:29.940
Yes.
420
00:22:30.380 --> 00:22:31.119
Thanks to the.
421
00:22:31.079 --> 00:22:33.599
Millionaires and billionaires who you have villainized.
422
00:22:34.339 --> 00:22:34.539
Right.
423
00:22:34.579 --> 00:22:37.319
Like, yeah, we got to vote on it, not.
424
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Because of anything the government did, but because we stepped
425
00:22:39.740 --> 00:22:42.329
up and put $ 10 million of our own money toward
426
00:22:42.369 --> 00:22:44.450
the cause and brought it to the ballot.
427
00:22:45.420 --> 00:22:46.980
Nobody's there to do that anymore.
428
00:22:47.240 --> 00:22:51.259
Good luck. You started to say, this reminded you of
429
00:22:51.319 --> 00:22:55.460
Sodom and Gomorrah, sexual profligacy has something to do with
430
00:22:55.500 --> 00:22:58.640
that for sure. Here's where I would compare these things,
431
00:22:58.920 --> 00:23:02.180
is you had, in Sodom and Gomorrah, you had men
432
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who'd become so convinced of their own godhood that they
433
00:23:05.569 --> 00:23:07.789
would go to the house of a righteous man lot,
434
00:23:08.589 --> 00:23:11.910
and there's men visiting, and they bring them out that
435
00:23:11.950 --> 00:23:15.109
we may know them. meaning sexually, that we may abuse
436
00:23:15.130 --> 00:23:18.049
them sexually. And they were angels, and Lot offered up
437
00:23:18.089 --> 00:23:22.230
his daughters, which is just insane and bizarre. And I
438
00:23:22.269 --> 00:23:24.859
think Lot was counting on God's grace. God won't let
439
00:23:24.890 --> 00:23:26.779
this befall my daughters. He won't let them.
440
00:23:27.000 --> 00:23:29.680
Todd, no parent rights. No parent rights. It's not that different.
441
00:23:29.859 --> 00:23:30.039
Right.
442
00:23:30.160 --> 00:23:32.779
And now, right. So we look at that. You look
443
00:23:32.819 --> 00:23:35.859
at that situation. These men had appointed themselves gods. And
444
00:23:35.900 --> 00:23:39.380
of course, God found what, with Abram's help and prayer,
445
00:23:39.950 --> 00:23:41.869
I forget the number of people he found who were righteous.
446
00:23:42.009 --> 00:23:43.430
I mean, it was a lot than his family. That
447
00:23:43.450 --> 00:23:43.700
was it.
448
00:23:43.990 --> 00:23:44.329
That was it.
449
00:23:44.390 --> 00:23:47.140
That's who he found as righteous. You are going to see,
450
00:23:47.299 --> 00:23:52.400
I think, culturally here, righteous people leave, because righteous people
451
00:23:52.440 --> 00:23:54.519
have already left. There are great Christians who are going
452
00:23:54.539 --> 00:23:56.609
to stay and fight. God bless them. God is everywhere.
453
00:23:57.109 --> 00:24:00.990
God's not giving up. God still wins. And you guys
454
00:24:01.150 --> 00:24:05.609
that fought a righteous battle leave Washington State, the separate country,
455
00:24:05.670 --> 00:24:09.450
becomes more unrighteous and more godlike. I just, I shut
456
00:24:09.490 --> 00:24:12.650
my eyes. Honestly, Zach, I shut my eyes, and I
457
00:24:12.730 --> 00:24:15.529
pray for people who are left there, because I see
458
00:24:15.569 --> 00:24:21.160
the hands of one-party politicians just absolutely grabbing now everything.
459
00:24:21.220 --> 00:24:25.440
There's nothing they can't grab, because law is meaningless. And
460
00:24:25.500 --> 00:24:26.500
what now matters?
461
00:24:26.579 --> 00:24:27.000
Power.
462
00:24:27.660 --> 00:24:30.720
The crazy thing about God Almighty, one of the crazy
463
00:24:30.740 --> 00:24:33.710
beautiful things is, The restraint he shows. Do you know
464
00:24:33.769 --> 00:24:36.269
how many cups of wrath have filled up in heaven
465
00:24:37.009 --> 00:24:39.450
over what we're doing and how we're continuing to vandalize
466
00:24:39.490 --> 00:24:42.670
his thoughts and people turning against him? There's cups of wrath.
467
00:24:42.710 --> 00:24:45.339
We'll see that on Judgment Day. But look at his restraint.
468
00:24:45.460 --> 00:24:49.240
Satan doesn't know restraint. Your state's going through a process
469
00:24:49.279 --> 00:24:52.240
here where there's going to be no more restraint. They
470
00:24:52.279 --> 00:24:54.920
can give your kids drugs at school and not tell
471
00:24:54.940 --> 00:24:56.660
you as a parent. You could have your kid in
472
00:24:56.680 --> 00:25:00.009
an emergency room and the doctor could say, oh, you know, okay,
473
00:25:00.029 --> 00:25:02.529
we need to know right now, are they on any medications?
474
00:25:02.569 --> 00:25:06.910
We don't know. The school won't tell us. That's what
475
00:25:07.029 --> 00:25:11.779
I see culturally. So you're talking about capital flight. I
476
00:25:11.859 --> 00:25:13.700
am talking about moral flight.
477
00:25:14.779 --> 00:25:18.759
No, yeah, I'm using that as an example because the
478
00:25:18.819 --> 00:25:22.359
same thing that's driving the capital out, you said it's driving.
479
00:25:23.559 --> 00:25:26.720
And that's the other thing people don't understand. It's not
480
00:25:26.819 --> 00:25:30.480
just the millionaires. It's everybody seeing what you're saying. So
481
00:25:30.519 --> 00:25:36.460
you're losing, you know, it's the, you know, that old,
482
00:25:36.480 --> 00:25:41.450
I can't, I'm forgetting who, I'm forgetting who wrote, who
483
00:25:41.490 --> 00:25:45.190
said this. But it's a poem about the widening gyre,
484
00:25:45.650 --> 00:25:47.859
and it talks about how the middle cannot hold.
485
00:25:49.079 --> 00:25:53.680
The space gets too large. The middle just broke. And
486
00:25:53.700 --> 00:25:56.980
what I mean by that is the last vestiges.
487
00:25:56.420 --> 00:26:01.160
Of any cultural or political hedge that was in the state,
488
00:26:01.680 --> 00:26:05.099
it just got broke last night. And you are seeing
489
00:26:05.220 --> 00:26:10.180
probably two people leaving for those reasons for every one
490
00:26:10.200 --> 00:26:11.559
you're seeing for capital flight.
491
00:26:12.230 --> 00:26:12.630
Really?
492
00:26:12.940 --> 00:26:15.960
You think it's that profound that people now recognize the
493
00:26:15.980 --> 00:26:16.460
state's gone?
494
00:26:17.259 --> 00:26:18.000
I know it is.
495
00:26:18.420 --> 00:26:21.160
I can't tell you how many clients I have that
496
00:26:21.220 --> 00:26:21.940
left the state.
497
00:26:22.160 --> 00:26:23.670
Already?
498
00:26:24.049 --> 00:26:27.109
Yeah, that the millionaire tax doesn't apply to. They're doing well,
499
00:26:27.150 --> 00:26:28.549
but they're not making a million a year, and they
500
00:26:28.569 --> 00:26:30.630
weren't even close to it. But they got out of
501
00:26:30.690 --> 00:26:34.559
it for social reasons, for religious reasons, for spiritual reasons.
502
00:26:35.039 --> 00:26:36.819
So what you're doing.
503
00:26:37.519 --> 00:26:42.000
And it's classic human behavior. Give us a king. We
504
00:26:42.039 --> 00:26:44.480
want the exact opposite. Make us the golden calf.
505
00:26:45.480 --> 00:26:48.940
What they have done unwittingly because they've bought into these
506
00:26:48.980 --> 00:26:50.259
lies is they.
507
00:26:50.160 --> 00:26:52.849
Have pushed out the hedge. They've pushed.
508
00:26:53.480 --> 00:26:55.430
And at some point, like you and I know, and
509
00:26:55.470 --> 00:26:59.809
this is just historical certainty, when government does this, when
510
00:26:59.849 --> 00:27:02.450
the rule of law no longer matters and government has
511
00:27:02.789 --> 00:27:05.809
unrequited authority and control and all that kind of stuff,
512
00:27:06.549 --> 00:27:10.009
It is only a matter of time until it steps
513
00:27:10.170 --> 00:27:13.009
on the people that put it there. And so they're
514
00:27:13.029 --> 00:27:15.539
going to get trampled and there's going to be no pushback.
515
00:27:15.619 --> 00:27:18.099
There's going to be nobody to ask to come in
516
00:27:18.140 --> 00:27:20.839
and rescue it. There's going to be no
hedge of protection.
517
00:27:21.180 --> 00:27:21.640
It's over.
518
00:27:21.920 --> 00:27:22.740
Yeah.
519
00:27:23.359 --> 00:27:29.250
And I don't, I, you know, there's another historical line is,
520
00:27:29.450 --> 00:27:33.200
you know, what, what is it? That's, That's how, you know,
521
00:27:33.299 --> 00:27:35.619
it's the line from Star Wars, I think, but I
522
00:27:35.680 --> 00:27:38.059
believe he was quoting somebody and it was Plato or something,
523
00:27:38.079 --> 00:27:40.579
but that's how democracy dies with applause.
524
00:27:42.079 --> 00:27:44.680
That's a liberty dies with applause, says Alex, who is
525
00:27:44.700 --> 00:27:45.980
an absolute expert in all things.
526
00:27:46.019 --> 00:27:46.619
Senator Amidala.
527
00:27:47.589 --> 00:27:50.609
Senator Amidala says Alex back there in the background. Yes,
528
00:27:50.890 --> 00:27:53.910
thank you, Alex. We need to get that Alex mic up. Yeah,
529
00:27:54.269 --> 00:27:54.849
that's a liberty dies.
530
00:27:54.869 --> 00:27:57.849
The wisdom of Star Wars, right? But no, but it's true.
531
00:27:57.890 --> 00:28:01.470
And they're all excited and happy and you're like, okay.
532
00:28:02.210 --> 00:28:03.829
Now you reap the whirlwind.
533
00:28:04.150 --> 00:28:04.470
Enjoy.
534
00:28:05.319 --> 00:28:07.500
When you look at this, then also, if you step
535
00:28:07.539 --> 00:28:09.119
back and you talk to the people who've come here,
536
00:28:09.180 --> 00:28:11.160
you're on one end of the battle. You're talking to
537
00:28:11.180 --> 00:28:13.380
the people who are leaving. I'm sure you and your
538
00:28:13.420 --> 00:28:15.359
wife now are praying about, do we move the business
539
00:28:15.440 --> 00:28:18.950
out of here? Do we relocate that? Because you're perfectly
540
00:28:18.990 --> 00:28:21.769
free to do that for now. Because they've already said,
541
00:28:21.809 --> 00:28:23.789
by the way, they already told you, and I bet
542
00:28:23.809 --> 00:28:25.970
you this bill is coming, that they're going to put
543
00:28:26.009 --> 00:28:28.339
an exit tax on. They've already said that they want
544
00:28:28.359 --> 00:28:31.140
to put an exit tax on people who leave, like
545
00:28:31.400 --> 00:28:33.940
a 25% exit tax if you leave. They've already floated
546
00:28:33.980 --> 00:28:34.339
that out.
547
00:28:35.420 --> 00:28:40.059
Yeah, so I actually, I'm not that worried about that
548
00:28:40.099 --> 00:28:42.059
because now maybe I should be.
549
00:28:43.700 --> 00:28:45.640
No, there's no question that they're going to try to
550
00:28:45.700 --> 00:28:46.079
do that.
551
00:28:46.720 --> 00:28:48.819
I just think the Interstate Commerce Clause is going to
552
00:28:48.880 --> 00:28:50.880
make that really difficult.
553
00:28:51.369 --> 00:28:53.309
I can check and see, but I think the Democrats
554
00:28:53.369 --> 00:28:55.230
won and swept the nation.
555
00:28:56.930 --> 00:28:58.930
Well, they did, but they don't own the Supreme Court.
556
00:28:59.450 --> 00:29:03.109
So the Interstate Commerce Clause, I don't think you're ever
557
00:29:03.150 --> 00:29:05.170
going to see those exit taxes hold up.
558
00:29:05.250 --> 00:29:05.650
I hope so.
559
00:29:05.650 --> 00:29:08.170
I just don't see it. You are on the other
560
00:29:08.210 --> 00:29:10.369
side of this where you're talking to people who are
561
00:29:10.410 --> 00:29:14.690
leaving or have left. I'm on the catching end. And
562
00:29:14.809 --> 00:29:16.750
what you would be fascinated to see, and we should
563
00:29:16.789 --> 00:29:20.069
actually be making a documentary about this. We have church
564
00:29:20.150 --> 00:29:22.269
members at Real Life. Have you been to church with
565
00:29:22.309 --> 00:29:23.890
me yet? Next year, come over. Please come and go
566
00:29:23.910 --> 00:29:25.200
to church with me. Thank you.
567
00:29:25.890 --> 00:29:27.210
Hey, I might be coming to church with you a
568
00:29:27.250 --> 00:29:29.509
lot more often. I know, right?
569
00:29:29.970 --> 00:29:32.819
Like I said, my realtors and such. What's your friend's name?
570
00:29:33.079 --> 00:29:35.920
Zach Abraham? Oh, hey, wait.
571
00:29:35.960 --> 00:29:36.480
Yeah, no, no.
572
00:29:36.529 --> 00:29:38.710
Let me drive over and see him. He's that Zach Abraham?
573
00:29:39.029 --> 00:29:39.970
He's the one with the yacht?
574
00:29:40.259 --> 00:29:41.440
Yeah, he's got a bunch of yachts.
575
00:29:41.500 --> 00:29:41.720
Oh, God.
576
00:29:42.200 --> 00:29:42.779
Yeah, I know.
577
00:29:42.900 --> 00:29:45.500
No, no, I didn't tell him. We are on the
578
00:29:45.559 --> 00:29:47.480
catching end. Do you know, have I told you that
579
00:29:47.519 --> 00:29:52.250
we have a team that is specifically designed to catch refugees?
580
00:29:53.369 --> 00:29:53.549
No.
581
00:29:54.069 --> 00:29:54.369
Truly.
582
00:29:54.549 --> 00:29:56.390
At our church, we have people who are trained refugees.
583
00:29:57.359 --> 00:29:59.859
to come down and meet with people who drive overnight
584
00:29:59.960 --> 00:30:04.319
from the separate countries of California, Oregon, and Washington, because
585
00:30:04.400 --> 00:30:08.200
there's a pattern. They walk in, they look around, and
586
00:30:08.359 --> 00:30:12.589
they're meek and confused. And we have people who reach out, hey,
587
00:30:12.769 --> 00:30:15.190
I haven't seen you here before. My name's Todd. I'm
588
00:30:15.210 --> 00:30:17.069
one of the ambassadors. Great to have you here. Can
589
00:30:17.089 --> 00:30:19.509
I answer any questions? And it often goes like this, yeah.
590
00:30:20.089 --> 00:30:23.769
And they look around, we've never been to a church before.
591
00:30:25.319 --> 00:30:28.799
We just arrived from Oregon and something is so wrong.
592
00:30:29.819 --> 00:30:31.859
And we just, we don't even know what it is,
593
00:30:31.920 --> 00:30:33.859
but we thought maybe you guys could help us understand.
594
00:30:34.839 --> 00:30:38.380
And we have a team, they call and they have
595
00:30:38.440 --> 00:30:41.480
worked with so many people in these circumstances. They come
596
00:30:41.549 --> 00:30:43.180
along and say something along the lines of what you're
597
00:30:43.200 --> 00:30:47.470
feeling is real. And what you're going through is scary.
598
00:30:48.289 --> 00:30:50.750
We're super glad you're here. This is a safe place
599
00:30:50.789 --> 00:30:54.750
for you. And they will consistently take them upstairs and talk.
600
00:30:55.230 --> 00:30:57.849
And you'll have people from Washington, Oregon say, you're going
601
00:30:57.869 --> 00:31:01.220
to think I'm insane, but they're threatening to take our
602
00:31:01.279 --> 00:31:04.680
kids away because we do not agree our kids are
603
00:31:04.700 --> 00:31:05.579
the opposite sex.
604
00:31:06.500 --> 00:31:06.680
Right.
605
00:31:06.880 --> 00:31:09.359
And our people are trained to say, yeah, that's scary.
606
00:31:09.480 --> 00:31:14.049
And no, you don't sound insane. I will tell you this, Zach.
607
00:31:14.269 --> 00:31:16.289
I think God uses money in a lot of ways.
608
00:31:17.150 --> 00:31:21.970
I think he's driving the capital exit. I think he's
609
00:31:21.990 --> 00:31:26.210
going to starve these people. economically. After all, it's his money.
610
00:31:27.170 --> 00:31:30.309
I think he's starving them of good people. I think
611
00:31:30.349 --> 00:31:33.329
he's saying, I'm going to take the separate country of Washington.
612
00:31:33.509 --> 00:31:36.009
I'm going to put it on display. Here's what it
613
00:31:36.089 --> 00:31:38.509
looks like when I turn you to your own perversions
614
00:31:38.970 --> 00:31:40.970
and your own devices. Because how many times has God
615
00:31:41.009 --> 00:31:44.210
done that in the Bible? He's allowing your state to
616
00:31:44.250 --> 00:31:46.470
be taken over by its enemies, and its enemies are internal.
617
00:31:46.589 --> 00:31:47.950
Does that sound like hyperventilating?
618
00:31:49.589 --> 00:31:49.789
No.
619
00:31:49.809 --> 00:31:49.869
No.
620
00:31:50.599 --> 00:31:51.319
No, I don't.
621
00:31:51.500 --> 00:31:53.200
I don't even I don't think there's a bit of
622
00:31:53.240 --> 00:31:55.960
hyperbole or hyperbole in that statement.
623
00:31:55.980 --> 00:31:57.920
I mean, it's just an observation of fact.
624
00:31:58.180 --> 00:31:59.400
Yeah. Yeah.
625
00:31:59.920 --> 00:32:02.960
No, it's I couldn't agree with you more.
626
00:32:02.980 --> 00:32:06.740
And, you know, one of the things that I think
627
00:32:06.759 --> 00:32:09.539
you and I talked about through this process is the
628
00:32:09.819 --> 00:32:13.240
only real contention and the only real.
629
00:32:13.099 --> 00:32:15.619
Doubt I had about getting involved.
630
00:32:15.220 --> 00:32:21.430
In this fight was the underlying belief that. It's either
631
00:32:21.490 --> 00:32:24.369
time to dig your heels in and fight one more time,
632
00:32:25.269 --> 00:32:27.029
or it's time.
633
00:32:26.849 --> 00:32:29.029
To pray for wrath. You know what I mean?
634
00:32:29.150 --> 00:32:30.109
Pray for wrath.
635
00:32:30.750 --> 00:32:35.170
Yeah, meaning it may be past the point of rescuing.
636
00:32:36.549 --> 00:32:39.190
And the one thing that gave me a lot of
637
00:32:39.309 --> 00:32:43.359
peace last night and really settled my soul was the
638
00:32:43.440 --> 00:32:46.660
idea that you got your confirmation. This is beyond, you're
639
00:32:46.680 --> 00:32:50.390
beyond that point. This is not about saving or rescuing
640
00:32:50.430 --> 00:32:56.009
at this point. It's about the trajectory is certain. The
641
00:32:56.029 --> 00:33:01.170
people are not turning from their evil ways, their wicked ways. Therefore,
642
00:33:01.549 --> 00:33:03.750
our prayers will not be heard from heaven and he
643
00:33:03.829 --> 00:33:07.910
will not heal the slain. I've got that verse hanging
644
00:33:07.950 --> 00:33:12.789
up my house right over there. And the funny thing
645
00:33:12.829 --> 00:33:16.349
about the Bible is everything in it is true. And
646
00:33:16.549 --> 00:33:21.029
if you inverse everything, it is also true. Meaning God says,
647
00:33:21.089 --> 00:33:25.029
if you will humble yourself and seek my face and,
648
00:33:25.410 --> 00:33:26.910
you know, I will heal your land, right?
649
00:33:26.950 --> 00:33:30.480
And turn from your wicked ways. Flip that around. If
650
00:33:30.559 --> 00:33:32.319
you don't, I won't.
651
00:33:33.599 --> 00:33:35.519
And what we did as a state was we stood
652
00:33:35.579 --> 00:33:37.380
up last night, flipped him the bird and said, we're
653
00:33:37.420 --> 00:33:38.200
not changing a thing.
654
00:33:38.299 --> 00:33:39.279
Yeah. Yeah.
655
00:33:39.319 --> 00:33:42.079
Mary said in the Magnificat, God has done a great
656
00:33:42.119 --> 00:33:45.740
work with his arms. He had scattered those who have
657
00:33:45.859 --> 00:33:48.640
pride in the thoughts of their own hearts and exalted
658
00:33:48.680 --> 00:33:52.759
those who are humble. He's scattered those with pride in
659
00:33:52.779 --> 00:33:54.359
the thoughts of their own hearts. And that's what you,
660
00:33:54.740 --> 00:33:56.700
I think, are dealing with at the core of the
661
00:33:56.759 --> 00:34:01.500
problem of states like yours. In California, there is a massive,
662
00:34:01.559 --> 00:34:04.059
massive pride issue. And I don't just mean that in
663
00:34:04.119 --> 00:34:07.759
terms of sexual pride and pride in being gender rebellious.
664
00:34:08.199 --> 00:34:11.400
I mean pride in look at our power. And I
665
00:34:11.539 --> 00:34:14.329
was reminded this morning in the book of Daniel, Daniel,
666
00:34:14.349 --> 00:34:17.090
in his prayer, thanking the Lord for revealing to him
667
00:34:17.159 --> 00:34:18.739
the dream so he could share it with the king,
668
00:34:18.760 --> 00:34:22.860
the meaning of the dream, he says, all wisdom and
669
00:34:22.920 --> 00:34:27.139
power belongs to the Lord. And these people, the comeuppance
670
00:34:27.159 --> 00:34:30.530
they have, Zach, that I believe, is your rulers, and
671
00:34:30.550 --> 00:34:34.710
they're rulers. These are not officeholders, they're not public servants.
672
00:34:35.889 --> 00:34:38.349
I so want to be there when they see it
673
00:34:38.510 --> 00:34:42.110
taken from their hands. When they kneel before God Almighty
674
00:34:42.269 --> 00:34:45.349
and Jesus says, you remember that power that you thought
675
00:34:45.369 --> 00:34:49.670
you had? That's always been mine. And you're without it now.
676
00:34:49.849 --> 00:34:53.139
And that may sound like I'm seeking revenge. I just
677
00:34:53.179 --> 00:34:55.719
don't want to see justice in this. And from time
678
00:34:55.760 --> 00:34:57.300
to time, I'll get notes. I got one the other
679
00:34:57.340 --> 00:35:00.179
day about the anti-aging process. A woman wrote me from Florida.
680
00:35:01.099 --> 00:35:03.280
She and her husband are thinking of going to Renew
681
00:35:03.519 --> 00:35:05.900
during the Christmas season. Great time to go to Puerto Vallarta,
682
00:35:05.920 --> 00:35:08.760
by the way, for the anti-aging process. They've, in fact,
683
00:35:08.780 --> 00:35:13.360
had conversations with one of the patient's advocates and ambassadors there.
684
00:35:14.280 --> 00:35:16.679
They came back to me and said, are you certain
685
00:35:17.980 --> 00:35:21.099
that they don't use stem cells that came from abortions?
686
00:35:21.139 --> 00:35:23.559
And I wrote back and said, not only 100% certain,
687
00:35:23.739 --> 00:35:26.619
I can show you interviews with the people who work
688
00:35:26.659 --> 00:35:29.199
there as to why they don't do it, primarily because
689
00:35:29.860 --> 00:35:36.449
they are Christian. Secondly, because those stem cells don't work well. Third,
690
00:35:36.550 --> 00:35:41.070
because they don't have to. Because they help parents in Mexico,
691
00:35:41.250 --> 00:35:43.690
women give birth, they get to track the health of
692
00:35:43.730 --> 00:35:46.969
the babies and the mother during the process of pregnancy
693
00:35:47.449 --> 00:35:50.710
and afterwards. That informs them about the stem cells. And
694
00:35:50.750 --> 00:35:53.309
because they only use the Wharton's jelly portion of the
695
00:35:53.349 --> 00:35:55.639
stem cell, which you're not going to go out and
696
00:35:55.659 --> 00:35:57.820
get any good sense in abortion. So the answer is
697
00:35:57.980 --> 00:36:02.579
a absolute no. And the reverse aging process does this.
698
00:36:03.719 --> 00:36:07.219
They look at your biological age versus your chronological age.
699
00:36:08.250 --> 00:36:12.670
If your biological age is greater than your chronological age,
700
00:36:12.849 --> 00:36:17.030
you're too old for your body, for time. They reverse
701
00:36:17.090 --> 00:36:19.829
that by putting stem cells where they need to go
702
00:36:19.929 --> 00:36:25.130
to reverse that, including organs. They'll concentrate on that, tissue, muscle, etc.
703
00:36:25.510 --> 00:36:28.389
Go to Renu, R-E-N-U-E.healthcare. Tell them you're part of the
704
00:36:28.409 --> 00:36:32.610
Todd Herman Show family and know that unlike America, you
705
00:36:32.670 --> 00:36:35.860
are making sure that the stem cells come from healthy
706
00:36:35.980 --> 00:36:40.619
and godly sources. I want to ask you one economic question, hardcore,
707
00:36:40.800 --> 00:36:44.039
off the topic of Washington state. And it has to
708
00:36:44.099 --> 00:36:47.800
do with the continuing movement towards AI. You guys have
709
00:36:48.019 --> 00:36:50.960
a webinar coming up. This is, gosh, this is perfectly themed.
710
00:36:51.059 --> 00:36:53.659
A lot of your webinars have great themes. The focus
711
00:36:53.699 --> 00:36:57.739
of this is called taking control because there's a lot
712
00:36:58.309 --> 00:37:00.650
that we, and the midterms revealed, man, a lot of
713
00:37:00.690 --> 00:37:03.489
people feel lack of control. There's a battle for control
714
00:37:03.590 --> 00:37:06.059
over something. I don't think people recognize how vital it is.
715
00:37:06.500 --> 00:37:10.699
This is Sam Altman. He's the founder of OpenAI. And remember,
716
00:37:10.739 --> 00:37:13.679
that's a nonprofit, Zach. Set up as a nonprofit just
717
00:37:13.719 --> 00:37:15.679
to help the people. And then all of a sudden
718
00:37:15.739 --> 00:37:18.139
it got really wealthy and now it's very much for profit.
719
00:37:18.219 --> 00:37:21.949
Sam Altman, he's talking about local inference. And what he
720
00:37:21.989 --> 00:37:25.210
means is local compute on our own local machines. But
721
00:37:25.250 --> 00:37:26.090
listen towards the end.
722
00:37:27.210 --> 00:37:28.730
Oh, I think there are like all of these ways
723
00:37:28.769 --> 00:37:33.949
where the supply chain, it's just like super non-obvious. An
724
00:37:34.010 --> 00:37:39.980
example of this is, People, a lot of people want
725
00:37:40.019 --> 00:37:42.559
local inference and somehow they assume that like the problem
726
00:37:42.639 --> 00:37:44.929
is solved now because we're going to have open source models.
727
00:37:44.949 --> 00:37:46.340
We're going to be able to run them on our computers.
728
00:37:47.139 --> 00:37:48.190
And so we're not going to need all the stuff
729
00:37:48.210 --> 00:37:52.989
in the data center. But from like a global allocation perspective, actually,
730
00:37:53.030 --> 00:37:56.090
it's quite terrible to have everybody like have a bunch
731
00:37:56.130 --> 00:37:58.809
of the world's limited supply of DRAM sitting in their
732
00:37:58.829 --> 00:38:03.550
own computer and being used 5% of the time. Like
733
00:38:03.570 --> 00:38:05.909
you want maximum utilization in the cloud if you're trying
734
00:38:05.929 --> 00:38:08.690
to like deal with this very supply constraint environment. And
735
00:38:08.730 --> 00:38:11.170
somehow everyone's, many people's intuition is the opposite of that.
736
00:38:11.489 --> 00:38:14.070
So what I think I hear him saying, Zach, is
737
00:38:14.929 --> 00:38:17.230
there are startups and you were the one who taught
738
00:38:17.250 --> 00:38:20.210
me this. There are AI startups who are eating the
739
00:38:20.269 --> 00:38:24.550
lunch profit-wise, growth-wise against these guys. They have much better margins.
740
00:38:24.590 --> 00:38:26.670
They don't need the big data centers because they figured
741
00:38:26.690 --> 00:38:29.070
out how to push the storage and processing down onto
742
00:38:29.150 --> 00:38:31.619
our devices and But the other thing that I hear
743
00:38:31.659 --> 00:38:33.780
him saying is, I want to own your family photos,
744
00:38:34.199 --> 00:38:39.460
your music, your living will, your business plans, your documents,
745
00:38:39.519 --> 00:38:42.389
your spreadsheets, your P & L, your personal secrets. I
746
00:38:42.429 --> 00:38:45.170
want to own those. Am I off on any of
747
00:38:45.210 --> 00:38:45.829
those analyses?
748
00:38:47.150 --> 00:38:47.369
No.
749
00:38:47.449 --> 00:38:50.369
And I think what he's, I mean, and this is
750
00:38:50.389 --> 00:38:53.909
why I think it's so important that we as conservatives
751
00:38:53.969 --> 00:38:55.340
need to maintain a.
752
00:38:57.340 --> 00:38:58.599
Balanced view of things.
753
00:38:58.659 --> 00:38:58.820
Yeah.
754
00:39:00.010 --> 00:39:04.230
Especially if we're fiscal conservatives and free market people, because
755
00:39:05.289 --> 00:39:08.989
when you let corporatism, for lack of a better term,
756
00:39:09.929 --> 00:39:13.769
run amok unfettered, it will do what it always seeks
757
00:39:13.829 --> 00:39:18.179
to do, which is to vertically integrate, right? And if
758
00:39:18.219 --> 00:39:21.579
they can vertically integrate society, and for those people that
759
00:39:21.659 --> 00:39:23.800
aren't familiar with the term vertically integrate, what I mean
760
00:39:23.860 --> 00:39:28.090
is it's the ultimate inefficiency, right? Meaning instead of having
761
00:39:28.119 --> 00:39:29.909
to buy this from this people and buy this from
762
00:39:29.929 --> 00:39:32.630
that people and buy this from them, we build all
763
00:39:32.650 --> 00:39:35.030
of those parts into our supply chain so we can
764
00:39:35.050 --> 00:39:37.489
be our own supplier. And so what we're doing effectively
765
00:39:37.530 --> 00:39:39.789
is cutting out the margin that we'd be paying somebody
766
00:39:39.829 --> 00:39:43.289
else for these parts, therefore drastically increasing the net margins
767
00:39:43.329 --> 00:39:44.469
of our own products, right?
768
00:39:44.780 --> 00:39:49.360
We're vertically integrated. Well, that's a really smart move for
769
00:39:49.380 --> 00:39:50.019
a business, right?
770
00:39:50.550 --> 00:39:50.750
Right?
771
00:39:51.929 --> 00:39:54.690
Not the best move for a society, right? Especially one
772
00:39:54.710 --> 00:39:55.590
that values freedom.
773
00:39:56.130 --> 00:39:59.829
Because the way you vertically integrate a society is you
774
00:40:00.630 --> 00:40:03.349
fit people into the vertical integration process.
775
00:40:03.829 --> 00:40:07.030
Therefore, they're not free, right? So you cannot have your
776
00:40:07.070 --> 00:40:09.860
own processing. Why? It's inefficient, right?
777
00:40:10.460 --> 00:40:16.760
People having individual choice is inefficient, right? Democracy is inefficient
778
00:40:17.280 --> 00:40:22.949
by design, right? And so this is where you watch
779
00:40:23.010 --> 00:40:27.989
the world, not moving, sprinting toward all of the wrong
780
00:40:28.050 --> 00:40:32.159
things because we worship money. We're blinded by, well, if
781
00:40:32.199 --> 00:40:33.840
this worked in the business world, it's going to work.
782
00:40:34.119 --> 00:40:38.199
You didn't look, the USSR was really vertically integrated.
783
00:40:38.900 --> 00:40:40.559
There were no products from outside.
784
00:40:41.300 --> 00:40:41.500
Yeah.
785
00:40:41.840 --> 00:40:44.940
Mao Zedong, big believer in vertical integration.
786
00:40:45.079 --> 00:40:45.780
Yep. Okay.
787
00:40:46.119 --> 00:40:49.199
Culturally speaking, be very careful what you ask for.
788
00:40:49.519 --> 00:40:49.739
Yep.
789
00:40:49.820 --> 00:40:53.510
Right. And the guys like this that are what we
790
00:40:53.530 --> 00:40:58.429
are now referring to as post-economic, remember, they have the
791
00:40:58.530 --> 00:41:04.050
financial and liberty, financial freedom and actual liberty to back
792
00:41:04.110 --> 00:41:07.690
these kinds of causes because when they go wrong, they
793
00:41:07.710 --> 00:41:08.489
don't pay a price.
794
00:41:09.289 --> 00:41:10.280
They're already made men.
795
00:41:10.300 --> 00:41:10.739
Yep.
796
00:41:11.139 --> 00:41:11.360
Right?
797
00:41:11.699 --> 00:41:14.239
Like if the whole world implodes, Zuckerberg is going to
798
00:41:14.300 --> 00:41:15.980
retreat to his Hawaiian island.
799
00:41:16.699 --> 00:41:18.519
Or the one in New Zealand or the one in
800
00:41:18.539 --> 00:41:20.000
Zimbabwe or wherever.
801
00:41:20.489 --> 00:41:20.650
Right.
802
00:41:20.849 --> 00:41:21.570
Or, yeah.
803
00:41:21.590 --> 00:41:23.809
Or, you know, if I was him, I'll tell you
804
00:41:23.829 --> 00:41:25.670
what I would do. If I was him, I would
805
00:41:25.710 --> 00:41:30.179
build my bunker or my lair inside of an underwater volcano.
806
00:41:30.199 --> 00:41:31.219
You know what I mean?
807
00:41:31.260 --> 00:41:31.400
Yeah.
808
00:41:31.679 --> 00:41:33.659
And that and I would have a couple of skinless
809
00:41:33.679 --> 00:41:36.199
cats running around or furless cats.
810
00:41:36.579 --> 00:41:37.079
Yes.
811
00:41:37.139 --> 00:41:37.420
You know.
812
00:41:37.780 --> 00:41:38.340
Right.
813
00:41:38.420 --> 00:41:40.360
And I would only the only way you could get
814
00:41:40.389 --> 00:41:42.469
in and out would be through a submarine.
815
00:41:42.789 --> 00:41:44.610
Just because that's like the ultimate villain.
816
00:41:45.030 --> 00:41:47.699
I often think that these homes that they have, these
817
00:41:47.719 --> 00:41:49.760
are the decoy homes. I mean, because we look at
818
00:41:49.800 --> 00:41:51.440
that and go, what are you talking about? It's a
819
00:41:51.420 --> 00:41:53.699
$ 20 million mansion. And Mark Zuckerberg can look at you
820
00:41:53.719 --> 00:41:56.219
and go, you don't understand the law of big numbers.
821
00:41:56.219 --> 00:41:59.489
$ 20 million doesn't matter to me. He could build a
822
00:41:59.530 --> 00:42:00.070
hundred million.
823
00:42:00.269 --> 00:42:01.949
Then he looks at his watch and he's like, oh,
824
00:42:01.949 --> 00:42:04.769
20 mil? Stock's up a quarter of a percent. I
825
00:42:04.789 --> 00:42:06.539
just made 60, so that's just paid for it.
826
00:42:06.710 --> 00:42:07.530
Right. Yeah. Right.
827
00:42:07.570 --> 00:42:10.559
Paid for three houses like that. I look at Altman,
828
00:42:10.679 --> 00:42:12.440
and here's where I get happy. It's back to the
829
00:42:12.480 --> 00:42:14.840
peace of the Lord that transcends all understanding. You have
830
00:42:14.889 --> 00:42:17.909
the desire of human beings to provide services and to
831
00:42:18.070 --> 00:42:20.769
use their talents and to care for their families, and
832
00:42:20.789 --> 00:42:24.110
you have these scrappy startups that don't have a billion dollars.
833
00:42:24.550 --> 00:42:27.659
They've got six, eight million dollars in initial capital, and
834
00:42:27.699 --> 00:42:29.860
they've figured out a way to take open source AI.
835
00:42:29.900 --> 00:42:32.639
They didn't have to invent it. It exists. Move it
836
00:42:32.679 --> 00:42:36.019
down onto people's machines, and all of a sudden, you
837
00:42:36.039 --> 00:42:39.079
have now, to me, the beautiful vision of of Sam
838
00:42:39.159 --> 00:42:41.840
Altman having to make a ham-handed argument as to why
839
00:42:41.980 --> 00:42:44.619
I shouldn't be allowed to own my family photos. Because
840
00:42:44.659 --> 00:42:47.110
that's exactly what he's saying. That's the way to put it, simply.
841
00:42:47.489 --> 00:42:50.110
Does it remind anybody of the whole adage, you will
842
00:42:50.170 --> 00:42:51.389
own nothing and you'll be happy?
843
00:42:52.110 --> 00:42:55.349
Hey, you should trademark that. No, that's the World Economic Forum.
844
00:42:55.389 --> 00:42:57.829
You shall own nothing and you will be happy, but
845
00:42:57.869 --> 00:43:00.369
we'll own you. That's what they think.
846
00:43:01.070 --> 00:43:04.269
Well, and this is the thing that just blows my mind.
847
00:43:04.610 --> 00:43:06.369
I look at him and I go, you know, anybody
848
00:43:06.429 --> 00:43:09.309
that hears that statement, I'm like, Yeah, guys, it's called communism.
849
00:43:10.670 --> 00:43:12.909
Like, hey, we, and yeah.
850
00:43:13.409 --> 00:43:16.980
And watching the people pivot toward that or think that that's,
851
00:43:17.340 --> 00:43:19.039
here's the one other thing I will say.
852
00:43:20.199 --> 00:43:22.079
And this might ruffle some feathers, but it's true.
853
00:43:23.260 --> 00:43:28.199
Every election gets completely, now here in the state of Washington,
854
00:43:28.260 --> 00:43:33.210
different story. But I think every election gets overblown by
855
00:43:33.269 --> 00:43:34.710
whichever side loses.
856
00:43:35.170 --> 00:43:35.289
Yeah.
857
00:43:35.980 --> 00:43:39.699
And and the the side that wins thinks.
858
00:43:39.460 --> 00:43:42.760
That all of their ideas and all of their philosophies
859
00:43:42.820 --> 00:43:45.280
just got rubber stamped and now are the way it's
860
00:43:45.320 --> 00:43:45.679
going to be.
861
00:43:46.119 --> 00:43:46.280
Right.
862
00:43:46.320 --> 00:43:48.869
Like there are a lot of Democrats out there that go, OK,
863
00:43:48.949 --> 00:43:50.090
we flip Texas blue.
864
00:43:50.110 --> 00:43:52.929
We got Texas. No, they don't. They don't have Texas.
865
00:43:53.469 --> 00:43:56.070
We have friends of the show in California to this day.
866
00:43:56.250 --> 00:43:59.429
Alan Soaps is in California. Alan's Artisan Soaps dot com.
867
00:43:59.969 --> 00:44:02.539
Go there and buy soap that's made in America by
868
00:44:02.760 --> 00:44:07.369
actual actual soap experts. And they're immigrants, by the way,
869
00:44:07.889 --> 00:44:11.769
three generations ago. They came over from Europe where they
870
00:44:11.809 --> 00:44:15.800
had made soap there, legally here. They make soap in
871
00:44:15.840 --> 00:44:19.340
America with absolutely no additives, no chemicals. The facility that
872
00:44:19.360 --> 00:44:22.380
they use is literally a quick walk from their house.
873
00:44:22.440 --> 00:44:24.599
They don't want a bunch of formaldehyde and stuff there.
874
00:44:25.420 --> 00:44:28.139
And if you go visit them at Allen Soaps HQ
875
00:44:28.219 --> 00:44:30.719
in California or where they make the soap with this family,
876
00:44:31.090 --> 00:44:34.130
There's no illegal immigrants hiding. There's no buses buried in
877
00:44:34.150 --> 00:44:36.050
the ground with chemicals. They don't do that. It's like
878
00:44:36.150 --> 00:44:38.289
a mess shop. But if you go see how soap
879
00:44:38.349 --> 00:44:40.210
is made by some of the big companies, it bears
880
00:44:40.349 --> 00:44:42.889
a lot in common with mess shops and slave labor.
881
00:44:43.949 --> 00:44:46.070
There's a reason that people making the soap are wearing
882
00:44:46.380 --> 00:44:51.159
hazmat suits, not in Allen soaps. And we do do
883
00:44:51.519 --> 00:44:54.440
value young Allen working there, 14. He's been through these
884
00:44:54.440 --> 00:44:57.960
18 operations. He's nonverbal. His brother Ian is impacted by autism.
885
00:44:58.329 --> 00:45:00.929
We love employing kids like that. We love soap that's
healthy.
886
00:45:01.050 --> 00:45:05.949
Perfect Christmas gift, by the way. Allensartistandsoaps.com. Don't hold them
887
00:45:05.989 --> 00:45:08.429
against them that they're in California. Allen needs that given
888
00:45:08.449 --> 00:45:09.510
what he has to do in school.
889
00:45:11.309 --> 00:45:13.369
What we have seen over and over in elections in
890
00:45:13.409 --> 00:45:17.510
this country is that by both sides, when you run
891
00:45:17.710 --> 00:45:21.489
on a platform and you do the opposite when you
892
00:45:21.570 --> 00:45:25.030
are elected, the voters are going to throw you out.
893
00:45:25.610 --> 00:45:30.050
And they don't care. Literally... James Tallarico is to Trump
894
00:45:30.309 --> 00:45:31.469
what Trump was.
895
00:45:31.269 --> 00:45:33.530
To Hillary in the establishment when he was first elected
896
00:45:33.550 --> 00:45:33.809
in 2016.
897
00:45:33.809 --> 00:45:34.210
Yep.
898
00:45:36.489 --> 00:45:39.230
If you don't do the Iran move, and I'm not
899
00:45:39.250 --> 00:45:41.409
trying to get too political, and I'm not anti-Trump, voted
900
00:45:41.449 --> 00:45:43.610
for him three times, but if you don't do the
901
00:45:43.650 --> 00:45:46.659
Iran move and you follow through with your pledges against Epstein,
902
00:45:47.019 --> 00:45:48.599
Tallarico is not a senator today.
903
00:45:49.320 --> 00:45:49.719
Full stop.
904
00:45:50.480 --> 00:45:54.039
I totally agree on the Iran front in particular, and
905
00:45:54.099 --> 00:45:55.880
I said it at the time, and this sounds like
906
00:45:55.940 --> 00:45:59.400
I told you so, Maybe it is. It's just me saying,
907
00:46:01.800 --> 00:46:04.980
I hope that you'll understand when I criticize the president
908
00:46:05.019 --> 00:46:07.760
and Zach does, it's not a go gotcha or orange
909
00:46:07.800 --> 00:46:11.099
man bad. When he, I think he got rolled. You
910
00:46:11.139 --> 00:46:13.139
said he rolled himself into the Iran war.
911
00:46:13.860 --> 00:46:14.300
He did.
912
00:46:14.320 --> 00:46:16.760
I believe he also got rolled the same way he
913
00:46:16.800 --> 00:46:17.960
got rolled for COVID.
914
00:46:17.980 --> 00:46:18.199
I agree.
915
00:46:18.880 --> 00:46:21.460
And in COVID it was, you know, 30 million Americans
916
00:46:21.519 --> 00:46:23.179
are going to die from this flu. You have to
917
00:46:23.239 --> 00:46:25.909
do this. You have to do this. And, hey, Iran
918
00:46:25.969 --> 00:46:27.650
is two weeks from having a nuclear bomb. They're going
919
00:46:27.670 --> 00:46:29.730
to blow up American cities. And you're watched. 30 million
920
00:46:29.750 --> 00:46:30.710
Americans are going to die.
921
00:46:31.630 --> 00:46:32.949
President Trump.
922
00:46:33.210 --> 00:46:35.010
There was a quote, and I can't source it, but
923
00:46:35.030 --> 00:46:37.190
there was a quote where Reagan, after he left.
924
00:46:37.070 --> 00:46:40.489
Office, talked about how Israel tried to get him to
925
00:46:40.530 --> 00:46:41.369
go in on Iran.
926
00:46:41.469 --> 00:46:43.130
And he said it just didn't sit right with him,
927
00:46:43.170 --> 00:46:46.050
that it just, you know, I mean, this is not
928
00:46:46.090 --> 00:46:46.820
a new story.
929
00:46:46.980 --> 00:46:48.059
Right, right.
930
00:46:48.480 --> 00:46:52.619
You had people, smart people like Mark Tyson, who was
931
00:46:52.659 --> 00:46:55.510
writing pieces about why Trump... No, I was writing pieces
932
00:46:55.590 --> 00:46:59.130
about how there is literally no downside to the Iran war. Literally.
933
00:46:59.730 --> 00:47:02.110
There's no reason to not do it. There's literally no downside. Well,
934
00:47:02.130 --> 00:47:03.650
there's loss of life. There's that.
935
00:47:04.789 --> 00:47:08.869
Here's the other thing, man. You know what we desperately
936
00:47:08.909 --> 00:47:11.969
need as Christians, especially as Christians? We need to start
937
00:47:12.030 --> 00:47:14.969
talking about wisdom again. We need to start talking about
938
00:47:15.070 --> 00:47:16.110
wisdom and discernment.
939
00:47:16.510 --> 00:47:16.769
Because.
940
00:47:17.500 --> 00:47:19.639
I went, and I am not, you know where this
941
00:47:19.699 --> 00:47:22.320
is coming from. I am not, I voted for Trump
942
00:47:22.500 --> 00:47:25.199
three times. This is not coming from an I got
943
00:47:25.219 --> 00:47:27.619
you where I was right moment. The minute we moved
944
00:47:27.679 --> 00:47:30.500
into Iran, the very next show we did, I told
945
00:47:30.539 --> 00:47:33.820
you that my fear was that this was going to
946
00:47:33.860 --> 00:47:36.329
go on way longer than anybody thought because I did
947
00:47:36.369 --> 00:47:38.469
not think we'd be able to open the strait. I
948
00:47:38.530 --> 00:47:41.409
thought higher rates of inflation would be hitting our shores
949
00:47:41.750 --> 00:47:43.849
in the two to three months leading up to the election,
950
00:47:44.230 --> 00:47:45.489
and it would cause a blue wave.
951
00:47:46.869 --> 00:47:47.090
Definitely.
952
00:47:47.449 --> 00:47:48.050
Here we are.
953
00:47:48.070 --> 00:47:51.889
And it isn't me saying I'm always right. It just
954
00:47:51.929 --> 00:47:55.829
comes down to wisdom and discernment. He's going against his
955
00:47:55.909 --> 00:47:59.530
election promises in a part of the world that is
956
00:47:59.610 --> 00:48:03.710
a mess. This is not good. There are no upsides. Oh,
957
00:48:03.750 --> 00:48:06.489
the upsides are us not getting bombed. We haven't been
958
00:48:06.530 --> 00:48:10.989
getting bombed. And these talks of them to get to
959
00:48:11.030 --> 00:48:12.070
take a nuke to L.A.
960
00:48:12.159 --> 00:48:13.199
Or Britain or England.
961
00:48:13.969 --> 00:48:18.829
Anyway, I I look. I voted for the guy three times.
962
00:48:18.989 --> 00:48:22.059
When somebody walks into the room naked, I'm not going
963
00:48:22.079 --> 00:48:23.000
to compliment their robe.
964
00:48:23.300 -->
00:48:23.760
I agree.
965
00:48:23.800 --> 00:48:24.690
I'm just not going to do it.
966
00:48:24.840 --> 00:48:27.460
We as Christians, you talked about wisdom and discernment is
967
00:48:27.500 --> 00:48:30.539
something people really need to pay attention to. What does
968
00:48:30.579 --> 00:48:32.920
that mean? And in a case of going into a
969
00:48:32.940 --> 00:48:36.469
war with Iran, we as Christians should be thinking, you
970
00:48:36.510 --> 00:48:38.570
shall not murder. You shall not murder. You shall not murder.
971
00:48:38.949 --> 00:48:41.210
Last resort. Is it the last resort? Is it a
972
00:48:41.250 --> 00:48:44.489
just war? Are our backs against the wall? Are we
973
00:48:44.530 --> 00:48:47.289
willing to go do this? Is this something God can bless?
974
00:48:47.769 --> 00:48:49.389
And I think God is going to make it fairly
975
00:48:49.449 --> 00:48:51.969
clear if he can bless a thing. And in this case,
976
00:48:52.130 --> 00:48:54.869
I don't think he can bless this because we weren't
977
00:48:54.969 --> 00:48:57.590
backs against the wall. And yeah, but they're Muslim and
978
00:48:57.630 --> 00:48:59.869
we're Christians. Well, yeah, there's a bunch of cultural Christians
979
00:48:59.889 --> 00:49:02.130
here who don't really believe in Jesus. I mean, they
980
00:49:02.150 --> 00:49:05.389
think he existed and he was cool, but that's no
981
00:49:05.449 --> 00:49:07.469
difference from someone who's worshiping a false god. And that
982
00:49:07.489 --> 00:49:09.739
would get me back into the Tallarico path. So I
983
00:49:09.780 --> 00:49:13.239
totally agree with you, brother. You obviously are welcome here.
984
00:49:13.719 --> 00:49:16.199
I talked to the mayor of Post Falls. He set
985
00:49:16.239 --> 00:49:18.789
aside a key to the city. There's a war, bidding war,
986
00:49:18.829 --> 00:49:21.900
a sandbox. said no no no it's two keys to
987
00:49:21.920 --> 00:49:24.559
the cities um they're looking at giving you um you
988
00:49:24.579 --> 00:49:27.179
know a mountain of your own so dude the the
989
00:49:27.219 --> 00:49:28.900
world's over yours over here in idaho and by the
990
00:49:28.940 --> 00:49:31.639
way all our all our races uh went the right
991
00:49:31.679 --> 00:49:34.570
way just saying Well, we're.
992
00:49:34.489 --> 00:49:37.840
Going to have a lot of disappointed people, uh, when
993
00:49:37.860 --> 00:49:41.639
they realize the realities of me moving over there, meaning the,
994
00:49:41.820 --> 00:49:44.099
the advertisement is going to be far more attractive than
995
00:49:44.119 --> 00:49:50.199
the reality. Uh, but no, I, I, like you said, man, we're, we're, we're, um, I,
996
00:49:50.239 --> 00:49:54.309
we're looking that way. Um, Lake Ponderay is looking very
997
00:49:54.369 --> 00:49:56.449
attractive to us. Parts of Lake Coeur d'Alene are looking
998
00:49:56.489 --> 00:50:00.110
very attractive to us. Um, And it might be a
999
00:50:00.150 --> 00:50:03.170
little bit. I'm meeting with lawyers next week to go
1000
00:50:03.230 --> 00:50:07.099
over the implications of the tax side. Because the only thing,
1001
00:50:07.980 --> 00:50:09.840
as soon as my youngest has gone to high school,
1002
00:50:09.900 --> 00:50:10.719
I'm out of this.
1003
00:50:10.800 --> 00:50:12.320
Or as soon as he's through high school, I'm out
1004
00:50:12.340 --> 00:50:14.079
of this. I'm out of here for sure.
1005
00:50:15.500 --> 00:50:17.039
But one of the things I want to be really
1006
00:50:17.079 --> 00:50:21.280
certain of is, and I haven't heard an answer one
1007
00:50:21.300 --> 00:50:24.639
way or the other yet on this, is Um, I,
1008
00:50:24.719 --> 00:50:26.500
I don't want to trust my own read on this.
1009
00:50:26.739 --> 00:50:27.260
Yeah. Right.
1010
00:50:27.460 --> 00:50:29.280
My, my, my gut and my spirit are telling me
1011
00:50:29.300 --> 00:50:31.719
to get out of here. Um, we do a lot
1012
00:50:31.739 --> 00:50:33.800
of work here. We're involved in a lot of charities.
1013
00:50:34.119 --> 00:50:37.119
I coach youth football. There's a lot of people's lives
1014
00:50:37.179 --> 00:50:38.179
that we're connected to.
1015
00:50:38.889 --> 00:50:42.409
Um, and I am, I am wide open. I just,
1016
00:50:42.429 --> 00:50:44.670
I want to be where God wants us to be.
1017
00:50:44.869 --> 00:50:47.070
Well, you could always locate the business and put all
1018
00:50:47.090 --> 00:50:47.989
your nonprofits over there.
1019
00:50:48.449 --> 00:50:51.489
Just, uh, just, well, they, The business is getting domiciled
1020
00:50:51.530 --> 00:50:52.219
in a different state.
1021
00:50:52.260 --> 00:50:56.260
That's happening. Those wheels have already started spinning. Okay.
1022
00:50:56.300 --> 00:50:58.460
And when that's done and a done deal, I want
1023
00:50:58.480 --> 00:51:00.340
you to make what will become a viral video of
1024
00:51:00.380 --> 00:51:03.969
you going to a Bob Ferguson speech and just said, hey,
1025
00:51:04.090 --> 00:51:06.469
just want to let you know, my business is gone.
1026
00:51:06.510 --> 00:51:08.949
We're one more. Thanks, Bob. Have a good day.
1027
00:51:10.190 --> 00:51:14.099
Or I'll look at Katie Wilson and go, bye.
1028
00:51:14.679 --> 00:51:16.780
Bye. Seattle. Bye. Yeah.
1029
00:51:16.800 --> 00:51:17.260
All right, brother.
1030
00:51:17.280 --> 00:51:19.340
Great to get wise counsel from you. Zach Abraham, Chief
1031
00:51:19.360 --> 00:51:24.760
Investment Officer, Board of Capital Management. KnowYourRiskPodcast.com. This is the
1032
00:51:24.820 --> 00:51:27.550
Todd Herman Show. Please go be well, be strong, be kind,
1033
00:51:27.590 --> 00:51:29.909
and please make every effort to walk in the light
1034
00:51:29.929 --> 00:51:30.289
of Christ.