How bad is the China problem? Zach Abraham joins Ep_1013
The Todd Herman Show
Radio America
4.8 • 1.5K Ratings
🗓️ 11 August 2023
⏱️ 55 minutes
🧾️ Download transcript
Summary
Zach Abraham says the chaos economy is at such a precarious point, he is selling any stocks that go up and buying bonds. He’s very clear, Zach is not telling us he knows the future, he is explaining that there is no logical or mathematical reason for stocks of companies losing massive amounts of money to continue going up while companies with solid fundamentals and tons of clear cash-flow are down.
But, there is a reason it’s happening. As Zach says, “as a nation’s morality goes, so goes its economy.” I called it the “transing of the American economy.” A nation where people have been spiritually captured into pretending boys are girls, racism is not racism, kindergarteners need to learn how to masturbate is a nation that cannot have a solid footing in anything, let alone finance. The soft kink porn that just occurred in the white house lawn--in the name of “Pride”, a human emotion God finds deeply objectionable--is a perfect example of a nation about to take a serious beating.
What does God’s Word say?
The Lord Jesus, it is said, drank God’s “cup of wrath” on our behalf. How much more wrath is filling God’s cups as He watched what just occurred on the lawn of our white house?
The Cup Consumed for Us
Episode 900 Links:
- NEW: From S&P Global to the London Stock Exchange, tobacco companies are crushing Tesla in the ESG ratings. How could cigarettes, which kill over 8 million a year, be deemed a more ethical investment than electric cars? One answer: Tobacco’s gone woke.
- MSNBC Dethrones Fox News After Years-Long Ratings Dominance
- Starbucks ordered to pay $25.6M to manager who says she was fired for being white after viral Philly arrests; A Camden jury ordered the coffee giant to pay $25.6 million to Shannon Phillips, who was fired in 2018 following the widely-publicized arrests of two Black men at a Center City Starbucks.
- Guy gets accused of racism by his doorbell… Amazon shuts down his smart home…
- Grassley’s ‘17 Recordings’ Bombshell Brings Bidens And Burisma Back Into The Spotlight
- Nets Spend 291 Minutes On Trump Indictment, 0 Seconds On Biden Burisma Bribery
- Federal prosecutor in Trump probe reprimanded in earlier case for secretly recording defense lawyer; The prosecutor has been identified as Karen Gilbert, who has been identified as a U.S. Attorney's Office's lawyer in the 2009 case.
- Paul Ryan denounces GOP efforts to protect kids from racially divisive & sexual material, telling CBS he's "not a culture war guy" & those issues are "polarizing." Instead, he's focused on China & the debt.
- McCarthy just LIT UP this CNN reporter about them hiring McCabe and Clapper after they leaked classified information and interfered in 2020
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Transcript
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| 0:00.0 | This is the CEO of Raytheon, one of the two or three biggest defense department darlings |
| 0:10.4 | in the country. The recipients of the large shes of the American people giving them |
| 0:18.7 | billions and billions and billions and billions of dollars to make the equipment that are |
| 0:25.7 | fighting men and women used to defend us and also to keep them alive in the field. |
| 0:32.4 | So one would think that since China is the Chinese Communist Party has become belligerent, |
| 0:41.3 | they're hacking our systems, they're backing our enemies, they're sending spy balloons over our |
| 0:50.5 | country, taking high res pictures in video. There's Chinese nationals hundreds at a time |
| 0:58.8 | being caught crossing our borders and those are the ones we've caught. You would think |
| 1:08.6 | that he might have some concerns about that which defends the lives of our men and women in |
| 1:14.4 | the military and by virtue of that our country being made in China but you would be wrong. |
| 1:19.4 | I think what is important for the American people to understand is the relationship with China, |
| 1:25.0 | we have to find a way to get along. There is a co-dependency whether it's rare earth metals, |
| 1:29.6 | whether it's pharmaceutical precursors, again $500 billion of trade comes from China to the US |
| 1:35.7 | every single year. So while we talk about pulling supply chain out of China, |
| 1:40.5 | resourcing out of China, I would tell you it's very impractical. We've been de-risking for a |
| 1:46.4 | couple of years making sure that we have second sources for critical componentry but unlike Russia |
| 1:52.3 | where we pulled out two weeks after the invasion last year, we shut down our factories, we pulled our |
| 1:56.4 | people out and we completely cut off any contact with our Russian customers. You can't do that with |
| 2:02.6 | China too big, too important and too necessary to the US economy. 500 billion is a joke. |
| 2:12.4 | We're 300 trillion in debt and sending this stuff to China and getting stuff from them |
| 2:27.1 | to build our defense systems is insane. So because this is back in the news with this now executive |
| 2:35.1 | order from the figure head on China, we'll talk about that in detail next week. Checking back on |
... |
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