Welcome to the John Lennon economy; Zach Abraham joins Episode 973
The Todd Herman Show
Radio America
4.8 • 1.5K Ratings
🗓️ 21 July 2023
⏱️ 68 minutes
🧾️ Download transcript
Summary
It’s human nature to chase after riches. Right now, with stocks utterly divorced from any form of reality, people are buying them because . . . other people are buying them. That’s why I am calling it the John Lennon economy.
“Living is easy with eyes closedMisunderstanding all you seeIt's getting hard to be someone but it all works outIt doesn't matter much to me
Let me take you down'Cause I'm going to strawberry fieldsNothing is realAnd nothing to get hung aboutStrawberry fields forever”
. . . Blackrock knows what’s happening in finance, they CAUSE what happens in finance. Zach Abraham is going to tell you how Blackrock is about to dump assets they know are expiring onto people like you and me, all while pretending to help us. I think Jeff Bezos is doing the same. Learn about parabolic markets and why Zach is willing to lose some clients rather than chase the current thing.
What does God’s Word say?
Proverbs 13:11-21 11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
12 Hope deferred makes the heart sick, but a longing fulfilled is a tree of life.
13 Whoever scorns instruction will pay for it, but whoever respects a command is rewarded.
14 The teaching of the wise is a fountain of life, turning a person from the snares of death.
15 Good judgment wins favor, but the way of the unfaithful leads to their destruction.[a]
16 All who are prudent act with[b] knowledge, but fools expose their folly.
17 A wicked messenger falls into trouble, but a trustworthy envoy brings healing.
18 Whoever disregards discipline comes to poverty and shame, but whoever heeds correction is honored.
19 A longing fulfilled is sweet to the soul, but fools detest turning from evil.
20 Walk with the wise and become wise, for a companion of fools suffers harm.
21 Trouble pursues the sinner, but the righteous are rewarded with good things.
Episode 973 Links:
- Apple Spikes To All Time High, Gains $60BN In Seconds On Report It's Working On Own ChatGPT Tool
- Goldman Profit Plunges As Banking, FICC Miss; CEO DJ Sol Hammered By Multiple Writedowns
- Rep. Maxine Waters on left-wing ESG investing: "It's inevitable that everyone is going to have to participate. We have to do it in order to save this planet."
- The Dept. of Defense has failed 5 audits and can't account for 61% of their assets...
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Transcript
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| 0:00.0 | Learned a lot, chatting with Zach today. |
| 0:03.6 | Some of the big, big, mobbed up financial cartels like BlackRock, |
| 0:10.0 | turning the Zach, are setting up EFTs, electronic trading funds for us. |
| 0:20.1 | It's so nice of them, and we're going to be allowed to get into private equity. |
| 0:27.8 | And this stuff used to be just for so-called accredited investors, |
| 0:31.7 | meaning people who have a lot of money they could afford to lose. |
| 0:36.5 | And it's also really a gatekeeping device to keep us out of good deals. |
| 0:42.0 | So that seems great. BlackRock opened up the window for us to get into the private equity game. |
| 0:49.7 | I find it very interesting that what appears to be the end of a cycle. |
| 0:56.0 | BlackRock is unloading private equity onto the public. |
| 1:02.8 | Oh, absolutely. And this is what happens at every cycle. |
| 1:06.4 | Again, I don't know the future. Obviously, I don't. |
| 1:09.2 | I'm just saying, when you look at this cycle, it's kind of amusing because you're like, |
| 1:13.1 | man, they've checked every box. And what do these guys try to do at the end of these cycles? |
| 1:18.5 | They try to unload their illiquid positions that they're concerned about |
| 1:23.8 | on, to bag holders, right? If they're launching private equity ETFs, what does that tell you? |
| 1:31.2 | It tells you they need excellent liquidity and nobody else will buy the stuff from them. |
| 1:34.8 | Yeah, and I did keyed in my mind something that Jeff Bezos is doing. |
| 1:40.0 | Because Jeff Bezos wants us to, he wants to help us with investments so we can invest alongside |
| 1:45.9 | him. It seems very much the same thing. And Zach and I talked about that. And he reminds us, |
| 1:52.0 | you know what, you know what you call it when you pay too much for an unbelievably good company? |
| 1:57.1 | You know what you call that? You call it a bad investment. |
... |
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