A Reality Check for the New Year

[00:00:01] Speaker A: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their income, reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and J.R. ratchford. [00:00:24] Speaker B: Here we are, your hosts, Anthony Correo and J.R. rochford, taking a break from our day to day as financial advisors with Roch and Associates, a fully independent fourth generation veteran owned family practice right here in Sun City, Arizona to bring you financial news you may not get on those other financial radio show programs. We're aware the last thing you need is another money show, but we appreciate you being here and starting off the first weekend of 2026 with us and maybe even starting it off at 5am Just wild. When are you guys doing up that early? But I appreciate you. [00:00:59] Speaker C: It's wild and crazy. If you're up at 5 in the morning, we really, we, we're gonna try to get help for you. Just call us, let us know who you are. We're gonna try to get some sort of an intervention. We're gonna figure out how to get you to sleep in. [00:01:10] Speaker B: Maybe they're all still up from the night before. They're just out partying in Sun City. [00:01:14] Speaker C: That's true. [00:01:15] Speaker B: I mean, I've seen some of your neighbors. Geez. [00:01:17] Speaker C: Oh, our neighborhood's crazy. We, we get less sleep now that we live in Sun City than Peoria. It is, it's. We live near Animal Houses. So yeah, I mean, happy New Year. If you're hearing this after the first of the year, Sam put the big Christmas extravaganza out early last week. So you may be hearing this before the end of the year and like Sam says, then just turn it off. Don't listen to it until after Thursday. But Happy New Year. We hope you have a happy and healthy new year. New leaf, new me. I'm not going to talk about anything negative. So I remember my mom saying when I was a young man, she said, if you don't have anything nice to say, don't say anything at all. So starting in 2026, I will not be talking at all. It'll just be Anthony. So good luck with that. We did have a listener reach out to us and asked about something about calling the show and talking to one of us, but they said that there was a woman on the show last week. And I don't know, I mean, maybe it was one of the segments before during the break, whatever. I don't think, Anthony, either one of us sound like a woman, but I don't know the person. [00:02:20] Speaker B: You look good in a wig and dress. [00:02:23] Speaker C: And I'm wondering if the person saw the YouTube channel and saw my man boobs and thought, well, I won't go any further, but you know what I'm saying, Anyway, but with the confusion, both of us are actually boys. We're both, we're not men yet, but we're both boys. He did. The person did say that, you know, something made sense or resonated or was smart or something. So it must have been me. So, yeah, yeah, I don't know. Anyway, so if you're listening again, call us. We want to meet you. We want to meet everybody. We've decided in 2026, anybody and everybody that's ever listened to our show, we want to meet you. Not all in one day. We don't want you to come in on Wednesday all the same day, but spread yourselves out and come to meet us. We want to be a second opinion. We want to help you. One person, one couple, one family at a time. At Rochford and Associates. We have so much to get into. So I'm really, you know, I know, Anthony, you're going to, you're going to say, yeah, so spend 45 minutes talking about how much we have to get into and then don't do any of it. [00:03:25] Speaker B: This is a whole new year for 2026. You understand yourself now? [00:03:29] Speaker C: Awareness. My big push for this new year is self awareness and self care and self love. I'm going to do a lot of stuff with myself this year. That's, that's my big goal anyway. So back to you, though. So back to you, the smart one. You know what, I need to slow down. We got to do our shout outs first. Everybody looks forward to the shout outs. I didn't realize that until a couple of people have asked me why they don't hear their name. We had one guy, I'm going to call him Thad. I'm going to use a name that's probably made up for sure, because who would name their child Thad anyway? So Thad gave me a little bit of grief. He said that I said something twice that was, was wrong. He said that I said Anthony itched his beard on the microphone and he made fun of that. He's like, it's scratched. It's not itched. He had an itch. So he scratched with the microphone. [00:04:24] Speaker B: Of all the things to be upset about, that is. That's where he draws the line. [00:04:28] Speaker C: Right, Right. The world's ending. We bombed another Venezuelan boat today. But by the way, today as we record, we're actually on a Tuesday. Today is December 30th of 2025 and we bombed another Venezuelan boat. So, Thad, what do you think of that? Are you still worried about Anthony's beard and whether I say he itched? [00:04:47] Speaker B: I think they scratched the ship with that bomb. [00:04:50] Speaker C: I think they itched the ship. I think. Yeah, I think so. So Sam just put on the board just. I guess this is in case it happens again today. You scratch an itch. Yes. I believe I misspoke last week, but I was so taken aback because we've been on here. Well, March will be four years we've had the show and I've never seen Anthony do that before. [00:05:11] Speaker B: So, I mean, I never heard as long. [00:05:14] Speaker C: It threw me off a little bit. Yeah, you're looking a little bit Captain Spalding Ish with that beard. You need to get a toupee now if you're going to have that Frank Zappa mustache. Now it's time to get hair on the top two. Okay, I guess I've picked on you enough. Another shout out. Our office manager. You need to meet our office manager this year. She's such a trip. She gets along with everybody so well in the office. On the phone she. She had a client, wanted a policy delivery. This. This woman listens so she'll know who she is. She wanted her policy delivery to be in the afternoon so she can have a drink with us in the office. And all of a sudden Macy turns it into a happy hour. Also, we've got a handful of clients in the office. We've got Jay, Sandy were there. Lisa Allen popped out. Lisa, it was so nice to see you in our office. So anyway, it was a great day, but Macy is quite the social creature. Little shout out to her and her husband. They introduced us to a restaurant. There's a new restaurant in Peoria, by the way. We are always looking for sponsors. There's a new restaurant called Mr. Pickles. Apparently it's a franchise, but they have friends that opened up one. It was really good. So they, they. Mike and Macy took us to the. Whatever you call the soft opening. It was the friends and family thing before it's open and it. It was wonderful. So we went back on Saturday during the grand opening. So shout out to Mr. Pickles. You guys did a great job. It was an amazing amount of people. That f. Family and friends thing, I mean you, you Guys were overwhelmed with people and it still, it, it was fast. It was really good. And I can't remember the last time I had a sandwich. I have to carefully use my words so Thad doesn't correct me if I say sammich. I can't remember the last time I had a sandwich that had so much meat on it. So many toppings. So good for you guys. One last one. I just came from another radio show. Joe and Jason just had me on their, their show. It's the Patriot Radio News Hour. And if you, if you want to see that I'm on the right track, listen to that show. They're, they're Monday through Friday on our Salem's sister station, 1010am but yeah, I've been on their show. This was my, I want to say, my seventh appearance on their show. If I combine Colorado and Arizona. And I'm trying to weasel my way into being on there like weekly. So I, I'm trying to weasel my way on a little bit of crossover between their show and ours because I think they complement each other very nicely. So, Joe and Jason, I'll probably send you this episode because I. You need this shout out because you guys are amazing. You're wonderful. I've been listening for at least a decade and a half and man, have you done a good service for people that have, have listened to you. So moving on, we, I know I say this a lot, but we have so much to get to. I mean, I don't know where to start. I never do. So I guess I'm gonna start with the least important things and, and see if I run out of time. Is that the way to do this, Anthony? [00:08:05] Speaker B: No, that makes sense. It's not 2026 yet, so you should, you know, stick to what you know. [00:08:11] Speaker C: That's right. This will be my last time. This will be my last time of giving you news. You don't necessarily need to know that you're not getting on those other money shows. And by the way, next year things are going to change. I just want to warn you, you have to have saved at least $250 million to have a free consultation with us. You have to be one of the first 233 callers to get a free consultation. So we are going to start having some parameters, you know, when I, when I make fun of other financial advisors and their offer for a free consultation. As long as you're the first five callers. It's funny because we, I hope we never have to do that. We make time for People today, on Tuesday, on the week, the year end, we're busy as all get out. So last week we worked Christmas week other than taking the afternoon. Actually I had a 4 o' clock appointment in the afternoon with some people we met for Chinese food. That was our appointment. So yeah, no, we're slammed. So we might not be able to get you in in the next day or two if you reach out to us but we will find a way to see you. We will split up, we'll do whatever we need to but we'll make sure we take care of you. Let's get right into it. Anthony sent me an article. This one is from Yahoo Finance and this was on the 27th of December. I guess I don't have to dig too far into this. It's kind of self explanatory but it's shocking to me because the rules in financial services have always been pretty much the same. You know, the world around us changes by leaps and bounds but yet the financial service industry is like, yeah, we're good, we're good. When the Brady Bunch was on, when Mayberry was a thing, we put the rules in place. We're still good. Anyway, in changing news, the changing landscape. Vanguard I'm sure you've heard of Vanguard flips the script on 60:40 investment strategy. Vanguard is singing a new tune for investors in 2026. It goes like this. Out with the standard portfolio mix of 60% equity and 40% fixed income and in with the opposite, a 40% equity share. That's a huge drop. Geez. 40% equity share, 20% US stocks and 20% international stocks and 60% fixed income. They're basically, they're saying to you what we've been saying for three and a half years. They vanguard, are you finally becoming proactive and not reactive? Are you finally helping people to get prepared and not scared? So this is shocking. It's not like they're shifting things by 5%. [00:10:44] Speaker B: Says here that's fairly big news. That's, I mean that's a 50% increase in what they're telling you that your bonds and fixed income should be. [00:10:53] Speaker C: Yes. And I, I will let you, you know, we'll send you this article if you want to see it because I, I've highlighted a lot of it because it's all important. But yeah, this is a big shift. [00:11:02] Speaker B: It's kind of nice when you can point to a big, a big name like Vanguard and say, see these people are saying the exact same thing we are because who's Anthony and J.R. who cares about them. But Vanguard. People listen to Vanguard well. [00:11:15] Speaker C: And apparently Vanguard's listening to another money show because we've been telling you this. So good on you. Vanguard to be listening at. They're probably 5 o' clock in the morning, people at Vanguard because they're probably uncool anyway and they do address why one of the lines here says the Magnificent Seven, which you've heard us screaming about for three and a half years. Apple, Alphabet, Microsoft, Amazon, Meta and Nvidia are the linchpin for. For the S&P 500's growth these days. The S&P 500 index rose about 17% for the year after a 23% gain in 2024. But analysts are increasingly concerned that they're overvalued. You think? I'm sorry, but you know, the old buy low, sell high. We're in crazy land. We're in opposite land. You know, everybody's buying high. They're gonna sell low. If we get time to get to silver. Holy crap. I don't know if you watched silver last Friday run up to $80 an ounce. I don't know if you watched Sunday night. There was another. There was a $34 billion repo market bail in apparently possibly to one big unnamed bank. There's some stuff going on Monday. Silver tanked again yesterday, gave back most of the growth. Today it's clawing its way back up. There's a lot of intertwinement right now. Is that a word? Intertwinement? Fad. There's a lot of intertwinement between banks, the precious metals market, the stock market. There's a lot going on, kids. So I think 2026, I think we're going to have to keep the show going for another year. You know, we were kind of going to play it by year in March. I think we're going to have to keep going. I think 2026 and Anthony. No, I'm not naming a date or a day or a time. I think there's going to be some weirdness coming up and we will see. Anyway, we'll send you that article if you want. It comes out at the same time that we've been shouting to at least for a year, year and a half. The banks are becoming very crypto friendly. Everybody knows a central bank digital currency is on its way. Apparently the government has chosen it to be stable coins backed by Federal Federal reserve money. The 38 and a half trillion people in debt. So we're going to back air by air, you know, here nor there. It's coming. Here's an article for you from the 3rd of December on Yahoo.com Morning Minute bank of America recommends up to 4% crypto portfolio allocation. I'm telling you, if you're listening to us, crypto is going mainstream and it's going fast. And you know what? I don't think it's going to be bitcoin. You know, these people that are Bitcoin. You didn't want it was 124. I'm kind of quoting Anthony right now. You didn't want it when it was $124 was I'm sorry, thousand dollars. You know, for piece of error. I think it was more reasonable at 124 bucks. It was 124,000 in October. You didn't want it, but you wanted it. But now that it's what, 89 this morning? I think it's around 90,000 now you. [00:14:17] Speaker B: Don'T want it right now. [00:14:18] Speaker C: Now you're shrugging your shoulder. That's not worth it. You people are so, so dumb by look, sorry, no offense if you're, if you're one of the dumb people, but stop being dumb. Start listening to us and being proactive, not reactive. Here's something for you. I have two different articles because I'm trying to vet verify extra carefully lately. Here's one from Yahoo.com On Christmas Day 25th December, Bitcoin's trading pair flashes down to $24,000 on Binance. Why you need to be careful. Second article. I went right to the crypto sources. I go to coindesk.com says BTC price news plunges to $24,000 on Binance against USD1. I'm going to summarize this because we, you know, we're not another crypto show. I'm going to summarize it. There was a flash crash. I'm going to read just a hair of this. The let's see here. Brief flash crash. Bitcoin plunged to 24,000 before quickly recovering. The incident did not affect bitcoin prices on major pairs such as BTC usdt. However, it highlighted liquidity risks in newly launched trading pairs. According to the market data from Binance, the incident lasted only a few seconds. The BTC USD1 price later stabilized above 87,000. USD1 is a new stable. Listen to this part. This is the key. USD 1 is a new stablecoin issued by World Liberty Financial. Anthony, is that name ring a bell? One of our clients asked us about that. World Liberty Financial. The project receives backing from the family of US President Donald Trump. Trump. All right, one last thing I'll read from this. Another more detailed explanation from the investor community linked the incident to Binance's promotional campaign for USD1. Binance recently launched a 20% APY. I believe that stands for annual percentage yield promotion for up to $50,000 in USD 1 per unit. Did you catch what I just said? What that means is basically Trump is Trump's family. And I'm trying to put things together here. I don't know this to be fact. I guess I have to throw the word allegedly out. Now. Apparently the Trump family is going to pick and choose what stable coins we use. They're going to pick what we're going to use as our central bank digital currency. And according to these articles I gathered and everything I could find on this, which came and went quickly in our news cycle, it's not going to be Bitcoin. So sorry, kids, Bitcoin might have a rough 20, 26, I don't know, but that's my guess from all this. Anyway, so reach out to me. I'll introduce you to TexitCoin. You may want to look up the definition of stablecoins. You may want to get an account at one of these crypto platforms and start working your way around it so you learn how to deal with it. Because I know if you're my age or older, you probably just think that's for your kids, you, your grandkids. You don't have to deal with it. You might have to deal with it in 2026. It's coming at us like a freight train. So with that, do you want to get to some happy news? Anthony, you want me to change 20%? [00:17:48] Speaker B: That's. I kind of stopped listening after that. That's insane. But I found another Yahoo Finance article that's going on it. I'm trying to find it on the actual site. That's insane. [00:17:58] Speaker C: It's. Well, there's some serious shenanigan possibilities there, too. So anyway. And you know what? Well, there always is. There is with everything, with money. But I mean, I just think this. All of the stuff that I'm watching right now with silver, gold, cryptocurrencies, it's there. We talked about Fed now, which is what, two summers ago now, instant payments, even if it's on Christmas. Baloney. The bank's got that in place for the digital currency I went to do. I took a copy of a check, I took a picture of the front of a check and the back of the check. And. And I sent it to my bank and I thought, well, you got a picture, you know, maybe you could do this instantaneous because you got a picture of the check. I don't need to drive in with it. You know what it said? I can access part of the money in one to two business days. I can have the full amount in two to three business days. What happened to instantaneous payments, even on holidays? The whole thing was a sham. It was to keep us distracted from what's really going on. When I was new in the job almost 30 years ago, I told people I was reading about something called the Amero. There was going to be a digital currency back then called the Amero. It was going to be backed by gold, I believe. So at least there was a merit to the Amaro. That that's. It's gone. We need something bigger. You know, we brought up to you within the last year and a half that the BRICS nations are going to unveil their currency called the Unit. Well, it went live a few weeks ago, so they started doing it. And our news isn't talking about it. Here in this country, when the dominoes started, start falling, you're gonna all sudden remember another money show told you about all of this stuff for almost four years anyway. What. And what do you do about it, J.R. you know, the dollar's gonna change. We're gonna go to digital. Digital id. You're gonna have social credit scores. What I do about it? You know what you do about it? Pay down debt. Buy hard assets, do some grandchild gifting. Try to change their life. What? I mean, I don't know if you have listened to. To people like us and Joe and Jason and you bought gold and silver over the years. How do you feel right now? Could it go down? Yeah, I know. I know. I get it. There's buying opportunities. I'm just telling you. I mean, you've done all right. You know, when I was buying silver, because I thought it was smart, I was buying it about $14 an ounce. Now it's at about what today? 75. It's recovering from Monday's bloodbath yesterday. I don't know. I feel pretty good. I could sell, you know, I could sell 25% of what I have. And, you know, I mean, I guess I could. I'm not ready to yet. I don't think it's done. We will see, though. We'll see. Let's get on to some other news. I am going to jump. I'm going to do something I don't normally do. I'm going to jump into what I feel like you're going to have to watch the most in 2026. I want to be the happy junior. I want to be somebody who says things are smoothing out. They're starting. Come on. No, they're not. Our ten pillars are right on track. You've got political polarization and division that's staggering. We are going to have a civil war and split the country up, you know, different states. Some are going to be blue, some are going to be red. It's just there's too much. And really, for 2026, I think what you have to watch out for, World War 3, like official. I mean, I know that there's still, you know, Israel and Hamas, Palestine, that whole thing. And I know we're still funding them. I know Netanyahu was at Mar a Lago yesterday. I know that Trump's getting an award that's never been given to anybody who's not Israeli. I know all that stuff. I watch all that stuff. I know that Trump also this week, I believe, at Mar a Lago also met with Zelensky from Ukraine. And as they're talking about winding things down, Ukraine was literally drone bombing Russia. And they said that they tried to drone strike Putin's house. Putin's house. That's just funny. Putin, they found bin Laden. They can find you. So I don't know how that ends out. Let me add to it, though. I mentioned we bombed another Venezuela boat. We just did that this morning. You've got Trump is talking about bombing Iran again. We're going back after. We think they're rebuilding nukes again. So we're going to bomb Iran again. You've got the, the ISIS people in Africa with Nigeria. We talked about that a couple weeks ago. We're striking ISIS in Nigeria. The biggest thing I think you need to watch. And we've literally been saying this since we started this show in 2022. China is going to re annex Taiwan. They think it's theirs. China is getting nervous. We've got this blockade around Venezuela that Goyal from Venezuela was going to China, wasn't it? I mean, I don't know. I'm not an expert, but, you know, and I did hear we have a tanker in Texas now. So, Don, if you're listening, do the right thing and use that oil to fill the strategic oil reserve. I don't even know where we are with that. I know it was drained over the last administration anyway. So China watch for China and Taiwan to have some Problems. The training exercises going on currently as we speak right now are getting real serious. They're launching rockets, they're doing like hand to hand combat training. They're doing all kinds of different levels of training. And you know what? They're warning the United States that if we support Taiwan, we're going to, we're going to have a problem. So I think you better be ready to watch geopolitics in 2026. But we will see. Let's keep you in this country though. How much time do we have before break? I want to start something that, that I, I want to get Sam and Anthony involved with this topic. Sam, kind of. Okay, we have four minutes, so let me start it. This will kind of tease you into things. So Sam, I don't know what happened. I don't know if it was the eggnog or the whole stress of the holidays, but apparently Sam did not prepare a bingo card for this week. I'm not trying to publicly humiliate or shame you, but I, I just, I thought that was part of our deal. I thought bingo was part of another money show now, but whatever. So on your New Year's resolution, please don't miss another week. So on your banker card, there's something that I would hope would be on there. And I'm going to hit three different things one at a time. I'll start with the least important thing. Do you know that Katie Hobbs, the. I guess she's the governor. I don't know what she is. She's. She's somebody in office in Arizona. Do you know she's forgiving more medical debt? We brought that to you months ago. She's doing more of it. Another. I don't know what it is. Six million, six billion, six hundred billion. Who knows? She's going to pick and choose who's going to get their medical debt relieved. I think she should come to my house and give me a little money. Sandy, my beautiful darling bride, wife, current wife, my ex girlfriend, Sandy, she had some medical debt and I thought it was, it was a crock of you know what. And I'll tell you why she was in the hospital. This is two years ago November. She was in the hospital. And do you know the hospital opened up a credit card for her. They opened up a credit card with a company called Cura and she's making payments. She, we, we have the money to pay it off. And I'm saying absolutely no, you do not pay that off. They, I was in the hospital almost all the time she was there. Anthony, you were there, Jay was there. Actually, Jay said something hilarious. He said the first time he was in the hospital for any length of time, he looked at his mom. She's, mind you, she's on like, you know, oxycodone or whatever. And he's like, how long do I have to stay here? So you think I care? He actually said that. True story. And I lost it. And the funny thing is that's like, that's really him. Like he does care about his mom. I don't want to say he doesn't care, but he went like, like mom, how long do I have to stay? So you know that I care. And just the way it came out, I mean, I'm rolling on the floor laughing with that anyway, so I'm there almost all the time. They didn't ask her to open up a credit card to put her, you know, a few grand deposit down for whatever may be coming. They didn't ask about that when you were there, Anthony or I was there. They did that for a woman who was on, and she was on morphine. She was on some heavy stuff for a while. So anyway, so we're making payments on that. I hope we never pay it off anyway, so we have credit card debt for medical reasons. So Katie, if you're listening at 5 in the morning, help me too. Socialism. If you're going to pick and choose who you want to pay off medical debt anyway, student loan debt, this is one of the biggies because I know Anthony, I see this a little bit differently. Sam, I'm guessing you're going to be more in line with Anthony than me. Student loan debt, they're starting to garnish wages. They're starting now as we speak. Thousand people this week are getting a letter that their wages will be garnished if they have student loan debt. I have to use that as a teaser segue into the second half because we have to go to break. So if you're listening and you want to see us for a second opinion, if you want help reallocating your 401k, whatever we can do for you. If you need to do generational wealth transfer via life insurance, for example, whatever you need, we can help you if you need to address your long term care situation in case it's needed, we can help you with all that stuff. We're at 623-523-0444 or you can email us at team another money show dot com. We would greatly appreciate it if you would follow, like subscribe all that stuff you know what to do with that on the YouTube channel. If you want to check out Anthony shorts, I recommend you do so. Check out his beard. You got to see this new beard. It's pretty sweet. So a couple of gray hairs coming in, I noticed. Anthony, why don't we do this? Let's take a break. We'll come back. We're talking a little about student loan debt. And then we've got the biggest story of the week to get to next. Thanks for being with us. We'll see you in a minute. Late December, back in 63. What a very special time for me. [00:27:47] Speaker A: If those other money advisors promise you a boatload of money, check the size of the boat and be sure it's your boat, not theirs. Wouldn't you love another money show? You would if it were as good as this one. This is another Money show with J.R. and Anthony. [00:28:16] Speaker C: Welcome back to ANOTHER MONEY Show. Thank you so much for being with us. If you're hearing this on or after the first of the new year, happy 2026. I do hope this is a very happy and healthy year for everybody. Well, not everybody. I mean, I have a list. There's people that I don't. I'm just kidding. So no, I just, if you're one of our listeners, I definitely hope you have a happy, healthy 2026. The world around you might get a little sketchy this year. So tune into us every week and we will at least give you some idea that it's coming. We probably won't know what Friday the bank bail in will occur on, but we're going to have signs. We have one from last week, the two different repo market bail ins to a bank. The first one was for 17 billion, the second was for 34 billion, all within a week. So if you want to know that the banks have no money and apparently that was just over silver. They had, they had, you know, the silver shorts. They, they didn't have enough money. The paper silver market is imploding. You know, I personally think one of the big banks, I won't, I won't name Chase, I won't name the bank because allegedly I don't know that if there were any shenanigans, but they seem to be pretty much tamping on the price for years. I don't know, Anthony, about the time you came to the office around 2018, I started really thinking that they were pushing the price of silver down and we should buy some silver. So anyway, they, apparently they're releasing their grip on silver. So. But banks need some money, so watch out for that. I want to pick up where we left off before the break. Student loan debt under Biden. We got to the Biden administration. I know Biden has nothing to do with politics. We talked a little bit about student loan debt and Anthony, your take at the time was that the whole thing is wrong. It's bad, it's predatory. And my thing was, well, I agree with you, but you took out a loan, you were 18 or older or you couldn't assign the loan or you had your parents co sign the loan with you and they're adults so they should have told you this is not a good idea. You should have been an electrician or a plumber. Obviously colleges are breeding grounds for ridiculousness. Oh, I'm almost gone. I gotta not go political. Anyway, with the student loan debt, you took it out, you pay it back. You hear me all the time grumble about, you know, I hear these commercials. Do you have $10,000 more in credit card debt? Yes, of course I do. Did you buy something? Did you, did somebody make you use that credit card? Or did you buy a new sofa? Did you buy a new mattress? Because it's President's Day, you ridiculous animals. And they're going to write that off. No, that just hurts the rest of us, Anthony. I guess I'm not going to give you or Sam a chance to talk. Anyway, they're starting, they're actively already started to garnish wages. I think it's wonderful. I think if you owe money, whether it's 10,000 or 100,000, if it takes you the rest of your life to pay it off, I hate the interest rates, I think they should be low. I think that part's wrong. But you owe the money, so pay it back. What do you think, Anthony? Scrub it now. [00:31:27] Speaker B: You already. Yeah, again, it's predatory debt. I mean, I don't disagree, but it's, you know, these people aren't old enough to drink, they can't get a car loan, they can't probably get a credit card for more than a couple thousand dollars. But we have zero issue giving them predatory $100,000 loans for arts degrees that will never pay them back. [00:31:50] Speaker C: Oh, that was political. [00:31:52] Speaker B: Yeah, no, I, I do, I think, I, I, I don't know how we don't put a focus on education in this country. And in a good way. I don't know why we punish people for higher education and trying to better themselves. I have no idea what direction this country's going anymore because none of this makes Sense to me. [00:32:11] Speaker C: No. [00:32:11] Speaker B: So yeah, no, I mean if you take out a loan, you should pay it back. But you. They're giving loans to people that don't understand them. [00:32:18] Speaker C: Did you, did you get two student loan. Two student loans, if I remember correctly. You got two of them, right? [00:32:24] Speaker B: I got one my senior year. I was able to pay it, but I got a tuition waiver, which I was the first year that they offered that if you passed the Ames test, then they got rid of it and thank God I had that tuition waiver. But I also worked multiple jobs during school and I lived at home. [00:32:38] Speaker C: Yeah, but you know what else you had? Stop there. Merry Christmas, Anthony. You also had a 529. I made your mom open up a 529. When I met you, you were 10 or 11 years of age and a few grandchildren. [00:32:49] Speaker B: I bought some books for a while, but that wasn't. It was the tuition waiver that saved me because otherwise I would have mountains and mountains and mountains. [00:32:57] Speaker C: Not everybody is as smart as you. You just said tuition waiver because you passed some aims test or something. Not everybody can do that. So is it predatory? [00:33:05] Speaker B: We punish everybody. So I bet we already know. Anybody who listens to the show already knows my opinion on this. So that's not really the topic at hand. [00:33:13] Speaker C: Yeah, but I'm happy to have to bring a credit card wages. [00:33:15] Speaker B: So we've got credit card debt increasing, auto loan debt increasing. We got the massive inflation of housing. We have people that already can't pay their bills and now we're going to garnish wages on predatory loans. So there's a much bigger segment here. [00:33:30] Speaker C: Yes, there is. I'm glad you see that. It's all dominoes. It's dominoes that lead to other dominoes. And you know, part of the thing when you say, how are we going to address it? Maybe this is the first step. Maybe you start giving these people some pain in life and people would take a lesson from this and go, I don't want to go to college. I don't want them to garnish my wages. Four years after I got a liberal arts degree and I can't find a job. I don't want this. I mean, I don't, I don't see the value in college anymore. I did when I went, you know, and like you, I mean I had some. [00:34:00] Speaker B: That's the problem though. We should, we should be getting kids to higher education. [00:34:06] Speaker C: We should not easier then let's do education. We shouldn't have talk about DEI and stuff. Let's have classes on actual productive things that you're going to need in the workforce. I should have had a class on how to do a simple tax return. I should have had some things that would have been useful in my life. I shouldn't have had diversity in hiring classes. A communication studies degree. It was filled with all kinds of crap. And I graduated from ASU in 1995 and it was already stuff as I look back that had nothing to do with anything I would ever do for a living. So no, you're right but. And that's why I like trade school. If you're going to be an attorney, you have to get your jurist doctorate. It should be focused on the law. It shouldn't have to start out with you taking miscellaneous classes just to satisfy your bachelor of science. [00:34:52] Speaker B: I disagree. It's good to get a knowledge in all kinds of things and not just, you know, funnel into one thing. But like that was think of math classes. Math class is my favorite example because every. [00:35:03] Speaker C: I don't like to think of math. [00:35:04] Speaker B: Math class classes. Yeah, no, that's the problem though. Math classes teach you they work to a certain formula, right? They only work one way unless you're getting into really the like theoretical stuff. But it's teaching you to problem solve and people can't problem solve and people don't put a focus on math but they should and it even I don't use geometry at all any I never used even in engineering I never used anything more than basic algebra. But it was good for me to learn all of those classes. But is it teaches you problem solving which you can adapt to real world situations. [00:35:39] Speaker C: Do you have any idea how excited. [00:35:42] Speaker B: Of a triangle in your day today? But you probably do have to figure out how you're going to balance your bills. You're going to have to balance your logistics. You know the going for the holiday season. You're going to have to budget things. You're going to have to learn. Those are all problems that you have to solve in adult and that is what math teaches you. [00:35:59] Speaker C: Look at you with common sense and rational thought, critical thinking. [00:36:04] Speaker B: Turn on your hate that on this show. [00:36:06] Speaker C: Turn on your tv. Look at TV for a while which is the barometer of the average person. Turn on Facebook, I mean all the car commercials, you know, an average person. [00:36:15] Speaker B: I'm the average person. We are these average people. I'm the dumbest person in the world compared to Kevin and I'm not that dumb. But like you know, there are much people that are much smarter. There are much people that do all these other things. But it's like we are just the. [00:36:31] Speaker C: Next you're going to say there's people that are better looking than we are too. I'm going to stop you right there. You're talking nonsense right now. [00:36:36] Speaker B: There are people with war manlier voices on the ra. Sure. [00:36:40] Speaker C: That. That must be for sure. So Sam, put budgeting. Budgeting should 100% be taught from a young age. Managing money, resources, etc. Of course you shouldn't be taught by. And we're a generation removed from people that they saw the importance in that. People one generation, like my parents removed from the Great Depression. They saw that. But we live in an instant gratification society. We. We live where if somebody you went to high school with has a nice house, you need a nice house. We live on Instagram and X and Twitter and Facebook and it's the fear of missing out. And it's just so morphed. [00:37:19] Speaker B: I don't know. Right. We talk about boom, bust, boom all the time on the show, which I think is still on YouTub. If you've never watched it, it's free. Go watch it, people. Your generation, the generation before. Remember when TV was gonna, you know, kill everybody's brain cells or everybody's brain cells and all these new. You call it normalcy bias. I call a lot of it evolution. It's. It's the same thing. We're no different than the generation before or the generation before that or the generation before that or the generation before that. It's all the same. Just the. The objects, things that we have access to are different. You're right. Humans haven't evolved the quickness of the technology. But it will eventually. That's how this works. Or we'll die in a apocalyptic holocaust kind of thing. [00:38:07] Speaker C: You know, way to double down. [00:38:08] Speaker B: Nuclear holocaust. That's what it was. So what were we even talking about? [00:38:12] Speaker C: I have no idea. It doesn't really matter as long as. [00:38:14] Speaker B: We want to talk about Minnesota Conversation. [00:38:16] Speaker C: I'm going to Give me a second. [00:38:18] Speaker B: So of course it's going to be the most interesting thing to talk about and we're going to push it to the very end. This is 2025 JR. [00:38:25] Speaker C: I want you said it was my last chance to mess this up. Just back off there. And so to put to bed the if you got a student loan, watch your mail because you might be getting an invitation to start paying it back. I don't know. I just. I figured that, you know, it's another form of socialism. If you let people do things and then you don't hold them accountable. Like medical debt, like that. [00:38:46] Speaker B: But we don't hold our government accountable. We don't hold our businesses accountable. So let's start there before we're starting to hold poor people accountable. Because you and I are much closer to these poor people that you're bashing than the massive CEOs that are, you know, running this country. [00:39:04] Speaker C: I understand that as long as I have your and your brother's and your mother's love, I am rich. So nice try to say I am. Or gross. Is it? Ooh, gross. So let's get into a couple stories that take me right into Minnesota. Because yes, I'd love to be in Taiwan, love to be in Nigeria, but we have to spend some time in Minnesota. But first I want to read a couple things that just. Oh chill. There's a couple things you need to know. Here's from. And this would be on Sam's bingo card if he had one today. Zero hedge from the 25th. I read this on Christmas, so I had a great day. Waste of the day. Superintendent resigns nets over $900,000. I bring this up because your mother, Anthony, is a teacher. My ex girlfriend is a teacher. So I love that ex girlfriend thing. I had a friend say that. He said his wife gets very angry with him all the time because he introduces her to people as his ex girlfriend. He she's like, I'm your wife. He's like, yeah, but you used to be my girlfriend. It just cracked me up. I had never heard that before. So. And I'll make this quick. Sam's putting the time on the board because he's afraid I really will mess up and not take us into Minnesota. But you know, that's the only thing that I really have for today that's of any sustenance anyway, so. A Long island school district must pay its superintendent over $907,500 after he resigned without public explanation this September, according to records obtained by Newsday through a Freedom of Information Law request. Read a couple facts on this. The Plain Edge Union Free School District paid Edward Salina A $662,000 lump sum for 184 unused sick and personal days and 286 unused vacation days. The district will also pay the remaining 245,000 of Selena's salary for the 2526 school year. The salary is paid bi weekly installments, blah blah blah. Selena's contract gave him 35 vacation days, 14 sick days and three personal days a year, unused days were carried over to the next year with no limit, mind you. Part of why I bring this up. This is all taxpayer funded. You know that this comes through your taxes where they get this money. You're kidding me right now? This dude worked there for 11 years, never took a sick day, never took an unused. Anyway, he resigned abruptly on September 12, two weeks into the current school year. Good for him. Screw those kids. He resigned two weeks into the current school year. The reason remains unknown. He had been superintendent since 2011 and his contract was set to expire in 2029. Do I need to read? Anyway, so, and this is insane, wait till you hear this. The interim superintendent, Carol Muscarella, is earning $1,200 per day but will not hold the job permanently. According to Newsday. It's just basically to keep the lights on and the employees paid. I think she's done a phenomenal job. Summary it's questionable whether any public employee should receive nearly $1 million in a single year. But paying one who is no longer working and gave no explanation for their departure and is especially alarming if the rules were in place that he could have sick days roll over for. He's been there since 2011. My math was off. I thought I read 11 years. Now it's more than that. If the rules are in place, then he did what's right. He did according to the rules then good on him. The problem is when you're dealing with other people's money opm, if there's shenanigans going on, that's just baloney. So the school districts, I think there needs to be transparency and accountability. Why don't you use that as a segue to get into Minnesota? We all want to live in Minnesota because they have lovely. They have lovely winters. So Minnesota. I'm not sure how to begin this. I can tell you we brought this up to you over the years. This stuff has been going on for seven, eight years. Sam said they have beautiful summers. Is that true? Are you making fun of Minnesota for they probably have nasty high humidity, mosquito ridden summers like Illinois. There is no Illinois. There is no noise in Illinois. Anyway. So let's just jump into a couple of the articles and then we'll chat for a minute. Here's one from 28th December from Real Clear Politics Watch the expose on Minnesota welfare fraud investigation from YouTuber Nick Shirley. He has something like 150 million views on this video and it's only been out since last Saturday. So here this 42 minute investigation from independent journalist and YouTuber Nick Shirley into alleged welfare fraud in Minnesota has gotten 100 million views. Mind you, this was on the 28th. I'm reading this from on YouTube and Twitter and X this weekend. It offers an incredible look at some of the places at the center of the conversations about the reportedly billion dollar pattern of welfare fraud in Minnesota. Shirley visited apparently empty daycare and healthcare facilities in the Minneapolis area, which together take in tens of millions of dollars annually from state and federal aid programs. The most egregious is a daycare facility with no children and a misspelled sign which reportedly collected $4 million in government funding in recent years. Not one at any of the facilities was willing to answer questions about signing a kid up for daycare. And Shirley was universally asked to leave. In one case, a woman reportedly repeatedly shouted, don't open up. It's ice. Vice president Vance called Shirley's work far more useful journalism than any of the winners of the 2024 Pulitzer Prize. So some of the. In one quick update, Tim Waltz, the. Can you imagine if Tim Waltz was our vice president now, if. [00:45:52] Speaker B: Kamala, I can think of while all this is going on, how wild that would be. [00:45:56] Speaker C: It'd be crazy. I mean, we've got the Mondani guy coming to New York. I mean, the country is just thoroughly saturated in fraud. And this is actually making me this. I always say the term growing legs. This stuff's growing legs. And a lot of it is because this young person, he's a video camera dude, walks around asking questions. [00:46:17] Speaker B: He. [00:46:17] Speaker C: He goes to places where there's crime issues. So he's not new with this young man, but he's not new at this. So Tim Waltz, you know what? He played the race card already. You know what he called this? White supremacy. White supremacy. [00:46:32] Speaker B: Yeah, I heard that. I didn't know the context of it, but I just like, how do you. How, how. How is that. [00:46:39] Speaker C: I don't give a crap if it's right. Left, black, white, gay, straight, tall, short, fat, skinny. I don't care. Billions of dollars they interviewed. I heard on the radio this morning. I wish I knew what program they were interviewing. A woman who worked for the TSA and she said that they knew of millions of dollars that were leaving Minnesota in suitcases to go to Somalia. I'm reading now that the fraud, the amount of money that's gone to Somalia is bigger than the gdp. The money that we're sending them is bigger than their country. This. This is spidering out. My hope is. Was my same hope from the beginning of 2025, when I was excited about Elon Musk and Doge. I just want people to be accountable. I want people to stop cheating. Again, I don't care your political persuasion. I would not be saying anything different about this if Tim Waltz was a hardcore Republican. It doesn't matter. Stop stealing. And Anthony and Sam, you guys are young. I am in my 60s. Everything I get all excited about, it's because one day when you don't have the same country to live in, when you don't get your Medicare, Medicaid, Social Security, when everything is accessible in this country, some of it. You know, Anthony, you're always like, what can you do about. You can't do anything about it. I can still vote, even though I'm pretty sure in my own mind it doesn't count. I can still shout on this show. If we reach 10 people, if we reach 10,000 people on another money show, those are people that are like, wow, that little fat one's pretty passionate about his. His stuff he comes across. I want people to talk about it. I want awareness. I want things to be transparent. So anyway, back to let's do another chance for that. [00:48:22] Speaker B: I mean, it's just some YouTube journalist doing his own thing, exposing this. And now everybody's. The whole world's watching. So it's interesting. [00:48:30] Speaker C: Do you know why? Do you know why I love Facebook? Do you know why I love YouTube? I want. [00:48:36] Speaker B: Because you're a boomer. [00:48:38] Speaker C: That's exactly why. That's where I like Facebook. I want pictures of my sandwich and my grandkids. You know why I like it? It's a barometer of the middle class. It's a barometer of our world. It's a barometer of what people are seeing. You know what people aren't seeing. You know what the masses are not seeing? They're not seeing the stuff that I see. The masked singer. The new masked singer is getting ready to come out. Sandy, my ex girlfriend Sandy will be watching that dribble. The people I don't know. I mean, this one actually has a chance to poke through and bring awareness and be like Doge was. Maybe there'll be somehow some people on a perp walk. Maybe some people get arrested. But Anthony, think about something. All of the money that's not. That's in first. Geez, I get so pissed off. If you're a country, how many student. [00:49:26] Speaker B: Loans could be paid off if we weren't blowing all of that money fraudulently? [00:49:31] Speaker C: Yes. We wouldn't have to garnish wages of people that take out a loan that don't want to pay it back. So 38 trillion in debt. How on earth do we have money for another war with China over Taiwan? How on earth do we have money for whatever it is? 184 out of 193 countries in the world. How on earth do we have all this money? Snap burgers. [00:49:52] Speaker B: That's the whole point of the Fed. [00:49:53] Speaker C: Well, bring it on because we're 30 island. We need to Jekyll Island. [00:49:57] Speaker B: I crashed Titanic. [00:50:00] Speaker C: If you want to read that book, Anthony Escape from Jekyll Island. I actually have it. Richard, A friend of mine who you met a couple times used to work on a computer. Richard Charnock, rest in peace. He passed away. Friend of mine, Vietnam vet, he gave me that book as a gift. Anyway, back to this ridiculousness real quick. How does a country that's so broke have all this money to give to daycare centers for all the kids and their lunches? How do they have all this money to give the Snap program? You know, if there was no fraud in it and we helped people legitimately need help, your Social Security would be solvent for a thousand years. Still, it's not the case though. Let me get to a different. This is a article from Times Now News. It's. The title is. Who is Nick Shirley, independent journalist alleges fraud at Minnesota daycare involving Somalia community. Oh, it's racist if you say what kind of people they are. I don't give a crap who's stealing anyway. Nick Shirley, a content creator and independent journalist, has drawn attention on social media with his claims to have exposed massive fraud involving taxpayer dollars in Minnesota's daycare system in a series of posts on X surely shared videos that have circulated widely on social media. All right, we. I already said all that. We brought to you something a while back and this just popped up to the surface because of the daycare stuff and maybe because of Shirley. Here's. Here's something on the 18th of December from Zero Hedge. It's unbelievable. Taxpayers money still flowing to indicted fraud suspect according to a Minnesota lawmaker. A Minnesota lawmaker alleged on December 17 that a man awaiting trial on federal charges that he laundered 1.1 million in taxpayer dollars and his wife continue to collect payments from other government programs. Let me get to some of this. That's pretty important. I've highlighted the entire article. This is. I don't remember what was more important than others. One example of how potential fraudulent activity is being allowed to continue in Minnesota with the Help of whistleblowers. A public records researcher uncovered an intertwined web of people and entities allegedly tied to the man whose connections are still receiving. Anyway, this one is on assisted living facilities and adult daycare services, despite multiple red flags. So they know about these people, Anthony, when you were new in the job, they knew about these people in 2018, I bring that up on purpose. 2018, they were investigating these people and it's still going on seven years later. Let's see here he is among the 78 people charged since 2022 in the feeding Our Future scandal. Fraudsters connected to that now defunct nonprofit agency. Nonprofit agency. The most profit you can ever have on the planet is through a nonprofit agency, NGO government. Who is the woman that took $2 billion just like a year or two ago under the Biden administration? Who is the lawmaker, Anthony, that took $2 billion? We don't hear anything about it. [00:53:12] Speaker B: Again, I don't remember that one. [00:53:14] Speaker C: Started a company. It was a woman started a company and there's zero to it. But you got $2 billion anyway. So if you're a senior and you need help in Minnesota, if you're a child and you need lunch in Minnesota days because you'll be collateral damage to the scammers, you may have trouble getting some help. Anyway, I think we're close to being out of time. I just, I've got other articles but I actually this was the most important one of the week. So please congratulate me, Anthony. The ending the year with doing the right thing. [00:53:47] Speaker B: Yeah, kind of. Sure. [00:53:48] Speaker C: All right. [00:53:49] Speaker B: Anyways, that's it for today's show. If you like what you heard, you have any questions about the today's topics, you can reach us at team at another money show. Set appointments on the website anothermoneyshow.com a little comment card. You can reach us through there or you know, again, email us direct team at another money show.com give us a phone call, 623-523-0444. The number again is 623-523-0444. No minimums, no pressure. There's really no, no reason not to get a second opinion on your finances. Until then, we will see you next Saturday at noon and 5am on Saturdays right here on 9 60. The Patriot. Happy New Year. [00:54:33] Speaker C: Happy New Year. [00:54:34] Speaker A: Thanks for listening to another money show. 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