[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy.
[00:00:18] Speaker B: 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 inc. Reduce their tax risk and reach financial freedom.
So let's start the show. Here are your hosts Anthony Correjo and J.R. rochford.
[00:00:42] Speaker C: Here we are, your hosts Anthony Correjo and JR Rochford taking a break from our day to day as financial advisors with Rochford and Associates, a fully independent fourth generation family office right here in the greater Phoenix area to bring you information you may not find on those other shows. We aware the last thing you need is another money show but we appreciate you being here. And who else do we got with us today?
[00:01:06] Speaker A: J so today we're gonna jump right into a special guest. Before we get to shout outs and festivus and all of our normal routine, we've got a friend of mine. I've known this guy for I don't know what, 17, 18 years. Our kids know each other so he's, he's a personal friend but he's also an expert in a field that I it's getting finally people are talking about it. He, he works in the water world with Kevin Costner apparently. So we've got Jeff with us. I'm not going to say what city he works for, but he's a, he's a water supervisor for a city in Maricopa County. So Jeff, I'm going to jump right in. I've known you a long time but tell, tell people listening a little bit about yourself if you would.
[00:01:49] Speaker D: Well, I've been in the, the water industry for about 10 years now and I'm sorry, 10 years. For the last 20 years I took a little hiatus and went on my own. But you know, so I've seen quite a few changes in those times. And what the part that I haven't seen change is what we're doing about our shortfall of water, which blows my mind.
[00:02:16] Speaker A: Yeah, me too. I'll tell you a quick story that people that have listened regularly have heard before. I got stationed out at Luke Air force base in 1987 and when you get out here, you know, they know people are coming from different states and maybe even different Countries, who knows? And one of the things they do is they give you a class.
My class was on desert living and the three highlights. One, don't shoot at cactus. Drive your pickup truck in a cactus. Don't touch the cactus. The second one was stay away from the Alaskan Bush Company. Shout out to the ABC on Grant. So they said, don't go there. So what do we do that night? Yeah, you got it. And the third thing that really stuck with me, they said that wherever you're from, you're not used to living in the desert and we have no water. So they said that, like, when you brush your teeth, you need to turn off your water. You need to conserve short showers. And it's the military, so don't worry. We had that down pat. But they talked about water shortages, and this was in 1987. Now, I have watched the growth in this city, and I'm like you told me in 87, it was a precarious position with water.
What the hell, the kind of growth, the apartments, the, you know, Bell Road ended pretty much at 67th Avenue. Has this. Is this just a big money grab? And then the people that have built this city so huge are going to leave and we're going to be stuck with water rationing, higher bills, you know, days that you can't water. You know what's going to happen, Jeff,
[00:03:40] Speaker D: the fact that we haven't had water rationing is kind of crazy. I started in the industry in 2006.
I went to my first water conference, and the keynote speaker said that if we continue to do what we're doing, we'll be out of water by 2026, which we're at right now. So maybe he was a little bit off on his thing, but when you look at how much groundwater we've pumped out of the ground, how much water we've taken from the Colorado River, I mean, look at Lake Powell, Lake Mead. They say that Lake Powell won't be able to make electricity by the end of this year because the water level will be too low.
So if that doesn't scare people, I don't know what. I don't know what makes them not understand that water is a precious resource in the desert. But I watch people hose down their driveways and do everything else, like water just never going to stop coming from the tap.
And if you want to talk about how much water is going to cost, look at all these cities that have started raising their prices and people are complaining about it. But I mean, realistically treating the water and getting it to you. And charging you dollars for thousands of gallons is way better than what you're paying for milk or gasoline. I mean, if you look at it. But it's so much more of a precious resource that people don't care, you know what I mean? And then you want to talk about the future and the future is reused water.
[00:05:11] Speaker A: Is that like desalinization or. What do you mean reused water? Reclaimed. Recycled what?
[00:05:16] Speaker D: Yep, reclaimed water. So the, the, the term when it first came out that nobody wants to use anymore was toilet to tap.
[00:05:23] Speaker A: Right.
[00:05:24] Speaker D: Because you, you flush that water down, it gets treated. And then from the treatment plant, the wastewater treatment plant, they always send that water to the water treatment plant to be treated further, which is great. And realistically, the water to be treated after the wastewater treatment plant is pretty dang clean.
But what they don't know what they're going to do about is the pharmaceuticals that are in the water now that are very hard to get rid of. The forever plastics, they call them the PFAs.
Those are very hard to, to get rid of as far as any kind of standard treatment process. You know, membranes and everything do a much better job with that. But membranes are expensive, they're very touchy.
So the fact is it's going to be very hard to get you good clean water in the near future, in my opinion.
[00:06:22] Speaker C: So is it just going to be we have clean water until we don't? Because like if JR's saying in the 80s, they say we're going to run out, you're saying there was someone that told you we're running out this year. Obviously we haven't, you know, I can go turn on all the faucets in my house and let them run for the next couple of days if I wanted to. So obviously it is still there, but we know it's a problem. So are they just. Is it just going to be. It is until it isn't. Or will there be a taper or where's that disconnect?
[00:06:49] Speaker D: They've already made commitments as far as to stop, I think, 3 million acre gallons of water between Nevada, Arizona and California. So we have to figure out how to use that much less water between the three states. And I think Arizona got the short stick of the three.
And then, you know, we have a lot of agriculture here that uses a lot of water, like alfalfa.
[00:07:12] Speaker A: Yeah, stop there, stop there for a second. I read years ago, actually Anthony and I talked about on the show a couple years ago, probably three years ago, what's going on don't we have like Saudi Arabia or some other country has huge fields and we, we gave them, you know, massive amounts of water at pennies. What, what's, what's going on with that? Are we still giving other countries.
[00:07:31] Speaker D: The biggest county that they are in is La Paz County. And you know, they made, they made the news and they said, okay, we're gonna stop that contract. Well, they did stop one lease, but they have multiple leases. They're still, you, they're still, they're still doing enough Alpha and shipping it out to, to Saudi Arabia. So they're still, they're still using a ton of our water for that because it's a very high water usage.
[00:07:58] Speaker A: Why don't we stop that? Why isn't that stopped? If we're, if we're in jeopardy for our own water? Is this kind of like we're 39 trillion debt but we give other countries money? What the hell.
[00:08:07] Speaker D: I believe it's capitalism would be my thing. It's greed.
[00:08:12] Speaker A: My understanding we got so cheap. I mean it was a political sweetheart deal where we got really royally screwed. That's what my understanding was.
[00:08:20] Speaker D: Well, and the amount of water they pumped out, they started running personal wells, people's wells at their own residence out of water because they, they drilled so far down to get the water. So yeah, that the, I mean there's a lawsuit over it and everything else, but I mean Saudi Arabia has enough money to hold that up in court for how long?
[00:08:42] Speaker A: Right, right.
[00:08:43] Speaker D: So you're right, there's not enough time. But I mean altogether it's, it's, it's not just one thing that's going to hurt us. It's going to be everything that's going to, that's going to be a problem and it's going to be a problem fairly quickly. So I know that Scottsdale is already doing the reuse water for certain places.
Phoenix is supposed to start by next year, I believe, doing reclaimed water. And they have one of the largest, they run one of the largest wastewater treatment plants in, in the city here. So I assume, I assume it's going to be a regular thing. I just, I just worry about how they're going to treat it and what the cost is going to be to the consumer because the treatment structure already
[00:09:27] Speaker C: for it to go to the reclaimed water.
[00:09:31] Speaker D: Sure they are, you know, because they're already pumping out the reclaimed water to basically back into the aquifers. Right.
So they'll just pipe that water to a treatment plant to further treat it that way. It's potable then my other question is, is what are we doing about replenishing the aquifers that were already draining faster than we put the water back in anyway? So.
[00:09:53] Speaker A: Well, we've been in trouble, of my understanding, for years. I mean, I, I looked at land up in Williams, Arizona, probably 15 years ago. And so we went up, went to Bear Zona, we spent a couple days. And, and I was always, you know, I'm walking around asking people about pros and cons of moving there. And one thing that came up regularly was water.
And I know, I mean, I'm watching Corpus Christi, I'm watching the nation right now with water.
And I'm looking how to, you know, when you say the word capitalism, there's stocks you can buy that are working on this. I remember years ago, I looked at basf, and obviously we're not giving any financial recommendations on how to capitalize on water, but it's something, it's something people need to start waking up to.
I want to go crazy with you for a second. I know we don't have you for a long time, so I want to hit a couple key things that I'm wondering about. When you look at the world and how uncertain it is and you know what show you're on, so this won't be a shock that I'm going to go this direction.
I've heard that if there was ever a terrorist attack on a electrical grid, on, you know, a power grid, there was an emp, solar flare, whatever. I've also heard that if they, if other people that meant to do us harm ever attacked our water treatment facilities, like within 24 hours, we would all turn on each other. And is that a possibility? Is there any kind of security for our water systems in the cities?
[00:11:10] Speaker D: All the water systems have very good security as far as they're all behind barbed, wired fences, they're all gated where you're not getting in without credentials. I mean, that part is, isn't the part that would scare me the most.
Taking out the power grid, now distributing the water out there.
Most places have backup generators, but that's only for.
It's only going to last as long as the, the diesel lasts in the tank and as long as you can keep getting diesel in the tank.
But if the power grid goes down, then, then distributing the, the water is going to be a problem more than it will be, in my opinion, for them to try and poison the water, if you will.
[00:11:53] Speaker A: Okay, so. And like on a scale of 1 to 10 with that area or 2, 6, 8. How worried should we be that this could be something to watch for? And part of why I bring that up, we, we're all around financial.
Like, we think people should store food and water based on their monetary and space constraints. We think people should be ready, you know, to make it. You know, most people say, what, what is the, the government says, you know, seven days or something. We think you should be able to stay in your house for three months. At least. At least. I mean, how worried should we be?
[00:12:25] Speaker D: Fairly worried. Fairly worried. I mean, our electrical grid is already strained as it is, so that, that's, that's one of the biggest worries. I would say. I would definitely. Keeping water in your house, I would keep more than you think would be necessary. I would keep obscene amount of water because it doesn't, it's, you know, bottled water, gallons, jugs, whatever you got. It's not going to go bad for quite a while. So stock up on that.
[00:12:53] Speaker A: When we talk to people about prepping and I, the prepping has got a negative connotation, but it means to be prepared, which doesn't seem like a bad thing to me. You know, we talk to people about, you know, how much of something to have you can live. You know, when you show people statistics, you can live without eating for a while. You can't live that long without drinking. By the way, earlier you, you said something Toilet to tap. Both of my dogs perked up. They're like, we've been doing toilet to tap for years. So I just want to bring that up. Yeah, let me, let me do that. A lot of our show is articles. We look for information. We bring it to people every week. I spend hours each week gathering information. I want to hit just a couple sentences from two articles and see your thoughts on this, if that's okay. One is from a publication called End time headlines on the 9th of May. These are all very recent. I found seven articles in the last couple of weeks on water shortages. So I want to get this to you.
This one says we just experienced the driest first three months of a year in US History.
The United States has just endured the driest first three months of any year in recorded history, intensifying a prolonged mega drought that threatens agriculture, water supplies and food prices nationwide. January through March delivered participant precipitation levels so low that they surpassed even the parched conditions of the 1930s Dust bowl era. According to federal data spanning 131 years, roughly 63% of the contiguous United States remains locked in moderate to exceptional drought, with Reservoirs along the Colorado river system declining ahead of critical snowmelt season. Scientists note that the southwestern region is experiencing its worst multi year drought and at least 1200 years.
Does that just solidify what you're saying? Like people wake up. This, this is coming at us like a freight train.
[00:14:55] Speaker D: And I've read the same type of article and it said that the, the drought should continue for the next 75 years down here in the, in the south Southwest. So it's not going to get any better anytime soon. And then they, they're talking about the El Nino weather pattern that's supposed to be the worst it's been in thousand years or so.
So the storms we used to get here, the, the monsoons, I don't know if you've seen them lately, but I sure haven't. I mean we can't even get sprinkles anymore. So the fact is, is we're not getting the water refilled by, by Mother Nature. I mean, Colorado, Denver saw the, the biggest drought they've ever had. I mean they got no snow this year. Hard. I mean, basically for what they get, they got nothing. The Colorado river basin is 100% extreme drought condition. The whole Colorado river basin. So there's no water going in there, but we're pulling it out as fast as we can. And Arizona being at the end of, well, I guess Mexico is technically at the end of the river system, but Arizona being the last state that's going to get it because California seems to take precedence because they pull it out of Lake Mead and we get what's left.
Yeah, I think we're going to be in trouble.
[00:16:07] Speaker A: One more, one more quick article and then I've got a couple of final questions for you and then I know you have to get busy. This One is from the 1st of May, also from end Time. You know, I have to go to my more radical sources to find people talking about this.
I did find this one. That ties in with Phoenix. Phoenix introduces a new roadmap as potential water shortages loom. According to a report from Fox 10, Phoenix city officials in Phoenix presented a proactive conservation and infrastructure plan to the city council on April 28 as federal water reductions from the Colorado river threatened to intensify. The Colorado river is currently experiencing the lowest flows it has seen in over a thousand years, said Max Wilson, Water Resources Management Advisor. And this has brought much of the infrastructure that the federal government manages on the Colorado river really to the brink of not being able to do its job.
Is this any hope? Are they working on it at least, or are we just going to wait?
[00:17:15] Speaker D: What are they going to do? Are they going to put a hose in it and fill it back up? I mean, unfortunately, we're still growing as a city. Phoenix is still growing, and we're expanding as fast as we can. Las Vegas is another one that uses the Colorado River. That's expanding, expanding still.
You know, nobody wants to shovel snow, but they can't understand that not every house needs a pool.
[00:17:39] Speaker A: Well, it's Arizona.
I remember wondering why.
I mean, why were there pools? If this is a problem, why are there country clubs? I don't get it. It's one thing, and I know golf is huge industry here. I get that. Travel, destination. But if we have water shortages, I'm sorry, go to play golf in Michigan or somewhere else part of the year. So I, I don't know. So you're basically scaring me worse than I was, which is wonderful. You're in the right place for that. My last thing for you. What, what should people do right now? Anything they can do to get ready for the upcoming months, weeks, years, whatever.
[00:18:18] Speaker D: I mean, the best thing they can do, I guess, is, is their part. As far as, you know, let's not do the winter grass and the summer grass and continue to water. And the people that water during the day blows my mind. Like if you're, if you have plants and stuff to water, water in the evening so it's not dissipating into the atmosphere fast as you're putting it out there. I mean, talk about wasting water. I see the sprinklers come on at noon and you're just like, you're doing absolutely nothing because it's, it's evaporating as fast as it's hitting the ground. So just be smart about your water use. You know, 20 minute showers shouldn't happen. I mean, like you said, you get, you're in the military, you're in and out, right? But
[00:19:04] Speaker A: 20 minute showers. It's funny because I went to a military school for high school where we, they shut the water off. I mean, if you're in the shower more than. I think it was three minutes, it shut off. So you had no choice. You got really good at how to soap, shampoo. You know, get every, get every inch of your body. And then when I went in the military, it was a little bit better, but it was similar. It was short. You adapt. You can learn to do that. I'm sorry. I'm guilty. I take longer showers now, maybe longer than most people because I did Go through that for four years in high school, four years in the military. But no, I mean, yeah. I mean, you're making me think. Even this morning when I took a shower, I could have condensed that. And I better start. I'm still in the habit of turning the water off when I brush my teeth.
[00:19:48] Speaker D: The good news is, as long as it goes in the drain, you'll get it back sooner or later.
[00:19:54] Speaker A: But I don't. I use a big funnel, and I just direct it right outside during the day into my backyard. Just sort of operate.
[00:20:00] Speaker D: Well, then that'll work perfect.
[00:20:02] Speaker A: Well, anything else we need to know before you part ways?
[00:20:07] Speaker D: No. I mean, you know, we're. I know there is a lot of smart people out there that are trying to figure out how to make something out of nothing and how to fix the problem and make a viable solution for the next hundred years, but there's a lot that can be done that's not being done. So I guess I. I mean, I don't know what the best solution is. Talk to your congressperson about these Saudi Arabian fields that are still taking our water.
[00:20:36] Speaker A: Nobody even knows about it. Jeff. It's. It's insane. When we brought that to people and some people asked, you know, wait, come on, that's. That sounds ridiculous. They don't even know about it.
[00:20:43] Speaker D: They said 7 out of the 10 counties in America that are the top producers for alfalfa, seven of them are in Arizona.
[00:20:53] Speaker A: Wow.
[00:20:53] Speaker D: Seven top of the top 10 producers are in Arizona. That's how much water is going out. And they are capable of pumping out 300 or no, I'm sorry, 3,000 gallons a minute of water out of the aquifer.
Whereas if. If our best pump is pulling water out to support the city here, we're running at maybe 800 gallons per minute, and that's running. That's fully pulling water out to. To supply the city here. So 300 or 3,000 gallons a minute is a ton.
[00:21:30] Speaker A: Wow. Well, and you're going to be gone when we talk about this, but we're going to hit up data centers again today, one of our ongoing subjects, and I'm. And I've got a couple articles tying in with water usage. So we're.
[00:21:41] Speaker D: They use a ton of water also.
[00:21:44] Speaker A: Yeah. Electricity, water. Yep, yep, yep. Well, thank you so much. You know where I am. I know where you are. If you have anything, any kind of updates for us, anything you think is interesting, come on anytime. And I'm so glad you came on today. So thanks.
[00:21:58] Speaker D: Thanks, Anthony. I appreciate you Having me on.
[00:22:01] Speaker A: And J.R. thanks, J.R. oh, J.R. yeah, J.R. too. I actually let you talk hardly, even
[00:22:06] Speaker D: though you were there today. Junior. Yeah. You let someone else talk for a while.
[00:22:10] Speaker C: All right.
[00:22:10] Speaker A: You are no longer invited back on.
[00:22:12] Speaker D: Well, you guys have a wonderful day. I'll talk to you guys later.
[00:22:17] Speaker A: Thank you so. Well, welcome to another money show. Thank you so much for being here.
If you're, you know, worried about Iran or anything else, stop start worrying about taking shorter showers quickly. So that. That's kind of scary to me. But I know what's going on and we have to. We have to act. Even if the people listening to us, you know, take shorter showers and do their part and maybe do reach out to your elected representatives, maybe it's not too late to turn this. I don't know. But that was scary. Why don't we get into our normal week, if that's all right. I'll knock out the shout outs real quick. We had our West Valley men's network in this week, so thank you to Throne as usual for hosting us.
JD We've got a loyal listener. He said he still listens to the five o' Clock in morning show. He said sometimes he listens to part of the noon one, too. So thank you so much for being there. It was great to see you A couple months in a row.
[00:23:10] Speaker C: And he was nice this time. I got to meet him.
[00:23:13] Speaker A: Oh, that's right. You missed a few of the last getting there. Thank you. So. And there's a quick update. I know you know this, but there's an update. We have decided that we're going to open it up to women. So we're going co ed at West Valley Men's Networking. We're gonna have to change the name apparently.
So. But we're going to allow anybody. We're going to welcome anybody, actually.
And it was funny because I asked if anybody objected and not one single objection. So we are soon to be no longer just for men. So come join us if you want a casual place to meet us and you're a listener. That's how we met J.D. come to that. So they're kind of fun. Food's good, the drinks are good. If you don't drink, that's okay. If you don't drink alcohol, they have Pepsi. So we've got a couple people that go that don't drink, and that's fine.
We had one of our loyal listeners in the office yesterday. Our buddy Jason, who listens every week, was in again. Jason is nearing retirement, so it's funny I specifically did not sit with Jason. Anthony did because Jason and I talk about the world at length whenever we talk and this was more about planning. So it's funny we always tell you if you want to talk about the world, if you want to be in the office for an hour and a half, sit with me. If you want to get business done and be out in half an hour, sit with Anthony. Yesterday was great because I really noticed it. I was like, I said hi to Jason, then he met with Anthony, then you know, time goes quickly then, then he can sit and BS with me on the way out the door. So that was, that was cool.
[00:24:41] Speaker C: I want to thank, actually get stuff done in his appointments.
[00:24:45] Speaker A: Right. But you've got to admit the appointments that I have are super fun. I mean we're not a big machine. We don't, we don't have quotas and pressure. We don't have to see six to eight people a day. You've got less than one hour and then you've got to be out next. Come on, you're waiting in the waiting room. So we actually, our normal day is two or three appointments. So you're never going to feel rushed with us. One more shout out before we ease into break time. Thank you to you guys listening. I think we brought up last week, I looked last night. We, we now have 704 subscribers. So we're, we're getting to be a, well, we're still a small channel but we have 500 as of last night, 518,737 views of our shorts and our videos. So thank you so much. So if you keep helping us on that YouTube, if you can like subscribe, tell people about us and if we can ever be a second opinion for you on your finances. If you want to talk about all around financial planning including how to store water, let's talk. So we are at 623-523-0444 or you can email us. Our email for the office is teamnothermoneyshow.com Once again, reach out to us. We'd love to meet you, we'd love to have your show ideas. We'd love to offer a second opinion on your finances. I will tell you, you got to get into the office before things happen. You know, we are going to get busier. We are going to have more appointments and more condensed if history is any indication. I remember 2000, I remember 2001, 2008. So we are going to get busier when the next downturn finally arrives. So get in before the ship hits the sand, as they say. We'll be right back. Thanks for being with us.
[00:26:27] Speaker B: All of JR and Anthony's listeners receive a free consultation just for listening to the show, visit anothermoneyshow.com.
[00:26:40] Speaker A: I think we can all agree losing money sucks. No one likes to lose money. But Outside of the one month downturn in 2020, the biggest black swan event in modern times, has anyone really felt the pain of a stock market loss? Has everyone forgotten how devastating 2008 was? What about the dot com bubble? Are we all so naive as to think that this could never happen again? Hi, I'm J.R. rachford, host of another money show with almost three decades of experience. What if I told you I don't care if the bubble bursts again? Because there's a way to make sure that market downturns don't throw off your retirement assets. Come and go income is forever.
Protect your retirement by self funding a pension and you know you'll never outlive it. You may not have been lucky enough to have a job that offered a pension but that doesn't mean you can't start your own. We can help. Reach out to us at 623-523-0444 that number again 623-523-0444 or find us on the web the at at another money show.com and let us help you not worry about your retirement.
[00:27:59] Speaker B: This is another Money show.
[00:28:03] Speaker A: Welcome back to another Money show. Thank you so much for being with us. As you know we greatly appreciate it. Thank you. All the people that are coming in meeting us, I mean we, we appreciate it. One of our loyal listeners and friends and clients, guy named Kevin, he was in the office last week, I think I mentioned that. Something I forgot to tell you. He was on a trip, he went to Las Vegas, Nevada a couple weeks ago and he's a, he's a very much a non smoker. When he checked out they charged him a couple hundred buck fee for smoking and he was like something's wrong, I don't smoke. You know, what is this? And apparently they argued with him and they wouldn't take it off.
So he's disputing it with his credit card company. But I wanted to bring this up because you know we talk about what could have happened because he really does not smoke. I mean he's not a closet smoker or whatever. And he basically told us something that I wasn't aware of. The non smoking rooms in hotels, they have little monitors they've put in and these little monitors detect if there's any kind of smoke. So his thing was, a, they're fallible. There could have been a problem with a little monitor or B, a, a housekeeping employee could have, you know, smoked or vaped or whatever and it set off the monitor. So I just, you know, I don't have to dig into that because I don't know the answers. But, yeah, they wouldn't remove the fee. And he definitely doesn't smoke, so. Very interesting. So.
[00:29:28] Speaker C: Well, Kevin's the wrong guy to do that kind of stuff with because he looked up the manufacturer and was looking through the stats and their fault rates and the, the error rates of it and getting into their. Like, the statistical analysis is wild. So, yeah, if they give him a chance to defend himself, I don't think he'll have any issue getting his money back.
[00:29:49] Speaker A: And what's funny is he will not back down. He will fight this. And he shouldn't. Well, no, he shouldn't. But a lot of people in this country, they don't like confrontation. They don't like to fight. It's easier just to pay the fee or whatever than to fight. He's not one of them. So, like me, I love to fight. I miss the bank. Pnc. I used to fight every time I went in. So, no, I don't. I'm just kidding. Pnc, if you're listening, I don't miss you at all. Anyway, I want to finish up a couple things on the water subject and then, as usual, I have tons to get to, so I'll have to make myself abbreviate. But these are kind of close to home. So if you're listening, you know, you got to know this is in your backyard. Here's one from a publication called Tom's Hardware from the 12th of May. By the way, I don't think we mentioned as we record, today is May 14th. As you hear it, it would be the 15th or the 16th. Tom's Hardware. On the 12th, TSMC allocates $20 billion to Arizona expansion project faces water and labor shortages complicated by visa. They're having problems getting workers over here with the VISA program. But let me just focus on this part. TSMC's board of directors on Tuesday approved a capital injection of $20 billion into the company's wholly owned subsidiary, TSMC Arizona, which will be used to continue the expansion of the Fab 21 site. While the allocation proves that the project is running smoothly, the company is still facing multiple challenges in Arizona, including labor and water shortages. According to A report from the Taipei Times. Taipei Times, that's one of my favorite publications.
Let's see here. The company continues to deal with multiple operational difficulties in the US including limited water availability, labor shortages, visa complications for foreign employees, concerns about long term electricity supply and the regulatory compliance the report complaints.
So I guess my only thing, tmsc, they're adding to our water shortages rapidly, just so you know. Here's one for you. I wanted one for you, Sam.
This is on the 11th of May from the Daily Caller Report.
Blackstone, one of our favorite companies. If you want to know who owns everything in the world, you're going to trace it back to Blackstone, blackrock and Vanguard. So we're looking for sponsors, you guys, if you, if you have any extra money.
[00:32:20] Speaker C: State Street's up there too, right?
[00:32:22] Speaker A: Oh yeah. Oh yeah.
[00:32:23] Speaker C: But the three big three and four spot.
[00:32:26] Speaker A: Yep. It's kind of like in the banking world. You have wells B of A and Chase. Over there, you have Vanguard, Blackrock and Blackstone. Those are the big three dogs. But they're having a lot of problem with the private credit. Notice how that left the media system because it hasn't cracked further yet. But it will. Like commercial real estate, it's all going to come at once. Anyway. I'm a ray of sunshine and I, I mean my job is to sound alarms. We're supposed to have you be prepared, not scared, proactive, not reactive. In order to do that, you have to be awake. You have to know that there's a water shortage coming. So you are. Yeah, you got to be awake.
Sam, back to you. This is for you. A data center campus in north central Georgia consumed more than 29 million gallons of water without the local utility company initially realizing it, triggering low pressure water flow to its host community. Political report Politico reported on Saturday. The 615 acre Fayetteville. Fayetteville based data center campus, code named Project Excalibur, which sounds like a dinner theater with horses and stuff, was found to have one water connection installed without the knowledge of the Fayette.
Am I saying that right, Sam? Fayette County Water System and another that was not linked to the developer's account and therefore was not being billed, according to the outlet.
You want to hear a little more about this? Yeah, I'll read one more thing. The amount of water that the campus consumed could fill 44 Olympic sized swimming pools and far exceeds the maximum amount agreed to during the data center planning process, the outlet reported. The situation occurred against the backdrop of Georgia's ongoing moderate to exceptional Drought.
I did highlight almost this entire article because it was interesting, but that's all I need to read. So you're not immune to this. Sam, I hate to say this. It seems to me like the entire nation, to one level or another, is going to have to worry about the future of their water.
[00:34:35] Speaker E: Yeah, Fayetteville is in the Atlanta metro area. It's just south of the airport. If you ever fly into Atlanta, you probably fly somewhere close to or right over Fayetteville.
A lot of movie production down there. They've made a lot of the Marvel movies down there.
Ton of development.
I believe it was a fairly affordable area for developers. So I'm not surprised that's where some of these things popped up. I'll say just anecdotally, we've lived in our current home in the Atlanta metro for about five years, and I think the water, trash, sewer that all gets put together as one county utility bill has gone up at least 30% in five years.
Now that's going from maybe 30 bucks to 45 bucks a month. And kind of like Jeff was just saying in the first segment, you're still getting pretty good value on a resource that you need. If it was 150 bucks a month, guess what? Everybody's going to pay it because they're paying 200, 300, 400amonth for cell phone and Internet and all the other things they do. Of course they're going to keep paying for water. So to an extent, I'm sure some of these providers, whether they be municipalities or private water providers, I'm not even sure if that's a thing.
You know, they know they can get away with it.
[00:35:56] Speaker A: But also it is, it is clearly
[00:35:59] Speaker E: a consumption issue as well. And then I'll say Atlanta is growing both commercially and with its population as well, so I'm not surprised to see a bit of an increase. But yeah, it's. It's definitely something that's popping up.
[00:36:12] Speaker A: Well, and when you say 30 to 45 is no big deal, I agree with you. The only problem is your Netflix subscription rate went up and your phone and your Internet and your gas and your property and casualty insurance and your food and every single thing in your life is going up at the same time. So when you put it all together, it will make an impact. So if Jeff and you and me and Anthony and everybody's right and water is going to be a problem over the upcoming months and years, it may get worse. I've been telling you for the last few weeks, watch out for gas. You know, There was another explosion. I'm sure you heard about that. This one was in what, Louisiana, Another oil refinery. Or did you hear about it? Because, you know, we are getting fatigue of certain things. Here's something I found yet another oil refinery explosion and fire today, this time in Tulsa, Oklahoma. This is the fifth explosion fire that has happened recently. And it's definitely suspicious that we have this ongoing energy crisis and these accidents keep happening. It was a few days ago, but I screenshotted it. So just so you know, I'm still going to kind of remind you, keep your tank full. If you have extra gas cans, recycle them and keep them full. I think if we hit $10 a gallon, that's when things are going to really pop off.
I, I think that would be the black swan that would hurt our stock market and all that. So moving on a little bit, I want to do a follow up. We talked last week at the end of our show about a water park in Texas, Grand Prairie, Texas, where they were having a, a Muslim only day. I did dig into it yesterday just to see if there's any follow up. You know, Anthony, you asked if, if people can rent it out, you know, what do you care what, you know, religion or nationality or whatever. It was canceled. So the update, Governor Abbott over this past week basically said if they went forth he was going to pull $530,000 in state grants to Grand Prairie.
So it was canceled. I guess if people do make some noise, things can still be changed or altered. The good news for the local Muslim population in Grand Prairie, Texas, the new plan is on the 4th of July they're going to have an interfaith barbecue. So I mean, I'm not, I don't want to poke too much fun at this, but interfaith means to me I could probably attend the barbecue. So that's a good update. It's not Muslim only anymore. There's your follow up.
There's so much going on. I guess as I'm on, you know, more national and international politics, I'll get to a couple things. What the hell's going on with this hantavirus? Is it bad? You know, we, we imported a bunch of quarantined people into Omaha, Nebraska. I guess it is. There's several states, Arizona being one, where we're still monitoring people that might have hantavirus.
You guys. Sam, Anthony, would you go on a cruise right now? Hantavirus problems. There's two ships right now that they won't let them dock or something that have a huge norovirus outbreak. I mean, we've always heard about that over the years, but apparently there's a couple right now that are bad. There's one in France where over 1700 people are basically locked on this ship because there's a huge outbreak, including crew. So, you know, I guess they're not, you know, having dance parties and bingo games and stuff because everybody's sick. There's a Caribbean Princess norovirus outbreak. So the cruises and, and you know, I mean, me being me, I also have seen a lot of information the last week or so about some crimes occurring on cruise lines, including the Disney ship. So the Disney cruise line. This, this should bother you. And it's basically they're, they're arresting a bunch of people for child pornography possession. I won't go any deeper. But I mean, you trust your kids are safe on a cruise. You know, when you go on the Disney cruise, you, you let your kids go with the counselors and go make balloon animals or whatever they do, learn how to make towel animals. And they're arresting a bunch of people.
So I don't know, I think the cruise industry is kind of in trouble. Back to happier note, like hantavirus. Here's something I found that. I found this kind of interesting.
This is from the end time headlines on 7 May. Deadly virus sample including hantavirus went missing from a lab in a major biosecurity breach in 2023.
So fantastic. Is that, is that what we're seeing the fruits of their labor now? According to a report from Fox News, authorities in Queensland, Australia have revealed that hundreds of vials containing highly dangerous viruses disappeared from a public health laboratory more than three years ago, prompting an urgent investigation into what officials are calling a serious lapse in safety protocols. The missing samples, totaling 323vials, include multiple strains of Hendra virus, lyssavirus and hantavirus.
They were all discovered to be unaccounted for by Queensland's Public Health Virology Laboratory in August of 2023. Queensland Health has now launched a formal Part 9 investigation into the incident. Health Minister Timothy Nichols described the event as a major historical breach of biosecurity protocols and stressed the need for accountability.
The viruses involved carry significant risks. Hendra virus is a zoonotic, zoonotic pathogen found only in Australia that can jump from animals to humans. Hantavirus can cause severe illness and death in people, while lyssavirus is closely related to rabies, which is nearly always fatal without prompt treatment.
He also highlighted the fatality potential of the agents and the broader need for a stronger oversight in pathogen handling worldwide. You think? The investigation continues to examine policies, compliance and staff conduct to ensure such an incident does not reoccur. Oh, good, good, good. So, I don't know. I don't get this. So. And you know, it's like the ID theft, Anthony, you and I face working with multiple companies. We are fully independent, so we represent numerous companies and which one hasn't sent us the letter? You know, the companies get hacked, they lose our personal information, and then we should take them up on their one year offer of free identity theft monitoring. You were the one that didn't have the right, you know, things in place so we'd get hacked. And now you're going to save me by being helping me be monitored for your. Geez, Ope, it's crazy.
Let's switch gears and get away from hantavirus because that's still a developing story.
Donald Trump is in China today. He got there yesterday. Big meeting today and tomorrow.
I don't know what this is all about. Is it about tariffs, is it about the Iran war and how to come to some agreement? I'm not sure what's going on. I heard several things that might be accomplished. We will see. Marco Rubio's there. I thought he was banned from China, but apparently not. So, you know, China, you got to think about the bottom line real quick of China. First of all, they've been buying up land in this country for decades. Twenty years ago, I was talking to people about something I read China bought the, you know, government in China bought a 50 square mile parcel in Idaho. This is going back 20 something years ago. So 50 square mile, not 50 miles across. I mean, picture Anthony driving from Glendale to Scottsdale, up to Anthem, down to whatever, South Phoenix. It's a huge swath of land. And then in the four years that we've been on the air on this show, correct me if I'm wrong, they've been buying up land by military installations. That's a treat. There's balloons that have gone across the country. Nothing to see here. So biohazard labs in California. Politicians, remember? Oh, didn't swallow. Well, didn't he just get, you know, fired? It was for something different. But I remember Fang Fang. I remember he was potentially, you know, hooking up with a Chinese spy, Dianne Feinstein. Feinstein, does that name ring a bell? I think she had a Chinese spy as a driver for like 20 years. You know, as long as I'm on that, let me give you some very current news about China tied to our country.
Here's something I read on the 11th of May from msn.com I apologize that it's not from the end time headlines, but I do find some other stuff. Democratic Mayor Admits to Being a Chinese Foreign Agent Fantastic. Former Arcadia Mayor Eileen Wang has agreed to plead guilty to acting as an illegal agent of the Chinese government, federal prosecutors announced Monday. Yes, that was this week. Monday. The admission places a sitting U.S. elected official at the center of a foreign influence case tied to undisclosed coordination with Beijing linked officials. Wang, a Democrat who was elected in 2022, now faces up to 10 years in prison and has resigned from her post. 10 years in prison?
I thought treason had a more stiff penalty. She might be in prison up to 10 years. No, I'd say bring her to the county courthouse steps and let's make a public display of her, but that's just me.
Last thing here I'll read. A longtime resident, she became the first Chinese American woman elected to the council, helping make it a majority female for the first time. Before entering politics, Wang was in active local civic and business organizations including the Arcadia Rotary Club, the Chamber of Commerce, and served as a president of the American Southwest Chamber of Commerce for the USA from 2018 to 2022. She sounds like a model citizen to me. So this country is infiltrated with people from other countries and I don't know if it'll ever affect us, Anthony, but it May. You know, UFOs are going to do so. Apparently we're not just infiltrated by Islamic people and Chinese nationals. We've got UFOs. So aliens will be coming out soon too. Oh, I gotta breathe. Kevin Warsh Anthony, remember you said that you said some talk about Powell stepping down versus not a couple months ago. Powell is done as of tomorrow. So Powell's out, washes in.
I watched some of the nomination. I watched some of the, you know, we did have a Democrat come over and join the Republicans and having him come on, we will follow him and see how he does. I really don't care as much as I should as a financial guy because the government is out of bullets, they're out of ammunition, they're feckless, they're worthless. You know when they have the meetings like, ooh, are they going to be dovish or hawkish? Who gives a crap? Your gas is almost $5 a gallon. Your food's really expensive. Did you see the inflation numbers this week? Holy cow. You know they're talking about their 2% target inflation. It to me it should be deflation for 10 years to help us get out of the rut we're in. But it was what, 3.8% and now that came out yesterday, the wholesale inflation, 6%.
So the only thing that this might be good for year, you know, we got a, what a 2.8% Social Security bump up this past year. Of course it got eaten up by Medicare premiums and in cost of living. So the genius is, you know, when they, when they look at the quarters they're going to use to put the next year's projection, they're saying now 3.8 to 4.2% cost of living adjustment you should expect. Well that's wonderful except your cost of living again is probably going to eat it up. And I have to remind you of something, government. You are $39 trillion in debt. We're not broke. The country is not broke. Broke is when you have no money. Broke is like zero. We are 39 trillion in debt. So if you raise the Social Security, which by the way is the second largest line item on your books, first is Medicare and Medicaid, second is Social Security, third is the national debt and then fourth is the defense spending. Make sure you make your way to us debt clock.org if you want to see something interesting. So yeah, this is a problem.
I would say it's a problem. But we will see.
You know, can I get to one more person behaving badly? I love those articles. I mean this, this Democratic mayor being a Chinese spy. That's delicious. Here's another one for you. This one's from AZ family dot com. So this is pretty local. This was on the 9th of May, I found this gem. Oh, this is out of Atlanta. Sam, you're getting a lot of spotlight about Georgia the last few weeks. So Atlanta, Georgia. A former CDC scientist accused of stealing 1 million in grant money to buy luxury car, Harley Davidson, et cetera. A former scientist at the. I'm surprised he wasn't missing or dead. A former. That's just. Sorry, I'm being petty. A former scientist at the Centers for Disease Control and Prevention, the CDC is accused of stealing $1 million in grant money. Authorities say Paul Thorson is facing 22 counts of wire fraud and money laundering related to an alleged scheme to steal CDC grant money for research. Wait to hear this. There's a special place in hell, sir.
For stealing money for research on infant disabilities, autism, genetic disorders and fetal alcohol syndrome. That's great. So Paul, if you're listening, hopefully you're listening from behind bars.
Anyway, Thorson allegedly diverted more than $1 million in CDC grant money to his personal bank account. He allegedly submitted the fraudulent invoices on CDC letterhead to medical facilities assisting in the research for reimbursement of work covered by the grants. He allegedly used the money to buy a house in Atlanta, an Audi, a Honda and a Harley Davidson motorcycle, and to take out more than 60 cashiers checks.
So again, Paul, if you're listening, shame on you.
Let's see here. Man, I have so many articles. You know what? Would, would either of you, Sam or Anthony, would you object if I skipped the Festivus report for today or is that just makes me a liar that we're going to cover something every week?
[00:51:08] Speaker C: Yeah, I don't think it matters.
[00:51:11] Speaker A: Anthony, I have a question. Other than Jeff being on today, does anything matter about, okay, we're going to
[00:51:18] Speaker C: run out of water, we're all going to die. There you go. We don't need a full hour. Just summed it up.
[00:51:24] Speaker A: Okay, so the articles I have left, I have stuff on, let's see here, flock cameras. I have stuff on how they're going to start recording more than visual, they're going to start recording audio.
So we'll get to that next week.
I'm going to save these for next week. I want to switch gears for a second. Sam said something a couple weeks ago. He asked what it's like working with us. And I want to hit that up real quick because I look around me and I look at the financial advisors that started like us, but also now they have buildings in Scottsdale and they've just really, they've gone up in the world. We are a small family practice and we're really wanting to stay that way. We have an office dog, for Pete's sake. We don't wear a blue suit, white shirt, red tie, highly polished shoes. We wear polo shirts. Sometimes Anthony wears a hoodie because he's always saying how cold he is. But I just. We're real people. You know, when I, when I talk about three or four appointments a day, try getting that at a lot of firms or brokers, they just, you know, you can't do it. So Anthony, anything people need to know about working with us, any reason they should call us?
[00:52:31] Speaker C: No. So there's some guy that, I don't know, he's on YouTube, he's like an influencer, a financial influencer now. And he sits with people and goes over their debt.
And it's kind of insane to see the amount of debt that people rack up.
But I thought it would be cool if we did, you know, just a full appointment live on the air with someone new so people listening could get a feel for what it is that we ask and how we do our appointments. But I don't know how we would make that work. I don't know if anybody would be willing to disclose their stuff. You know, maybe they use a fake name or something on the air. But do the do a regular appointment. So could be cool, could mean not. But I don't know if that's something you're interested, reach out to us and I'm pretty sure that's all for Are we done now, Sam? Do we have any time left? Done and done. Anyways, that's it for today's show. If you like what you heard, if you have any questions about the topics today, feel free to reach out to us
[email protected] is our email. Anothermoneyshow.com is the website site. Give us a call, 623-523-0444. That number again is 623-523-0444.
You know, if you're interested with and sitting with us and getting a second opinion on your financial situation, that'd be great. If you're interested in doing a live on air, I guess not live because everything's got to run through compliance, but an on air appointment too, that could be interesting. So reach out to us. 623-523-0444.
Yeah, I think we will see you again next Saturday at 5am and at noon right here on 960 the Patriot.
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