A 23 percent loss for retirees - Zach Abraham joins Episode_676
The Todd Herman Show
Radio America
4.8 • 1.5K Ratings
🗓️ 3 March 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
A 23% loss for retirees!? Did you give Blackrock permission to use YOUR money to fund their Culture War against Americans? Zach Abraham joins.
How does Fidelity announce a 23% loss for retirees and see no demands from accountability for the managers of that company? Zach Abraham tells us about that and more on the way the big firms operate. Many of the c-suite insiders in Big Finance view the retirement accounts of the non-rich as cannon fodder to insulate the big firms and the c-suite from losses--that’s one reason there are no alarms going off. Another reason for the placid calm, is they are “too big to fail”; for instance, Blackrock, State Street and Vanguard are using your money to fight their culture war against you. Still, these firms are not immune to public pressure. Vanguard’s PR people want to make people believe they have dropped out of the ESG cult. If it’s not Zach and Bulwark, I suggest you find a non-mobbed-up firm to help steward your money, rather than companies like Fidelity.
What does God say?
Hebrews 13:5
Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
Colossians 3:5
Put to death therefore what is earthly in you: sexual immorality, impurity, passion, evil desire, and covetousness, which is idolatry.
Luke 12:15
And he said to them, “Take care, and be on your guard against all covetousness, for one's life does not consist in the abundance of his possessions.”
1 Timothy 6:10
For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs
- Retirees lost 23% of their 401(k) savings in 2022, Fidelity says
- Reporter: "Only 36% of voters approve of the president's handling of the economy... are voters just not getting the right message or is there something wrong with the president's policies?" - Jean-Pierre: "No, there's nothing wrong with the president's policy."
- WH press sec: “The country needs more workers, especially women, in order to deliver on the president’s bold agenda…”
- Gotta give it to Vanguard’s PR department for their attempt to placate ESG critics. They dropped *one* industry association (NZAM), while still remaining tied to: - United Nations PRI- SASB (“Sustainability Accounting”)- TFCD, etc.Don’t fall for the act
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Transcript
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| 0:00.0 | So, a reporter asks the figurehead spokeslier about views that the American people hold |
| 0:07.7 | on how the figurehead is handling the economy. |
| 0:10.7 | So, a new Fox News poll shows that only 36% of voters approve of the president's handling |
| 0:15.9 | of the economy, 31% approve of the inflation, weighing handling inflation. |
| 0:20.8 | Are voters just not getting the right message or is there something wrong with the president's |
| 0:24.4 | policy? |
| 0:25.4 | So, look, first of all, no, there's nothing wrong with the president's policy, but this |
| 0:28.8 | goes into a little bit of the COVID origins question that I've gotten a couple of times |
| 0:33.7 | and that clearly my colleague has gotten a couple of times as well. |
| 0:38.3 | We are just coming out with the American people have had to deal with for the last almost |
| 0:42.2 | three years now. |
| 0:43.2 | So, this is the reason why they're coming out and admitting that the COVID flu came out |
| 0:50.3 | of the Wuhan lab. |
| 0:53.0 | It's so they can hang it around China and then Trump watch. |
| 0:58.4 | So, they can try to rally support for pouring more money into Ukraine, which is being adopted |
| 1:03.0 | as a 51st state, albeit a state that doesn't pay taxes or care about our future. |
| 1:11.6 | And they're saying this at a time that it turns out that in 2022, according to Fidelity, |
| 1:16.7 | retirees lost 23% of their savings. |
| 1:22.0 | Not because of a flu, not because China leaked this out of a lab, but because of people |
| 1:27.1 | like Biden and Fauci and Gates and the entire group of psychopaths, shut down key portions |
| 1:35.3 | of the economy such as small businesses. |
| 1:39.2 | We'll talk about this with Zach Abraham, the chief investment officer, Boat Capital |
... |
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