Bubble Trouble: Protecting Your Money from Chaos

[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 JR Rochford. [00:00:42] Speaker C: Here we are, your host, Anthony Correo 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 Sun City to bring information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. [00:01:03] Speaker A: Look at you back on track with the intro. You've had three and a half years to memorize it and last week you spiced it up. I'm glad you're back on track though. I like the routine, Anthony. I like the safe space in his lane. Anthony, let's jump into it. We got so much to get to today. Today is probably. I mean, I have episodes, I have articles, as usual. I don't even know if we'll get to any of them because I have so much going on. So. And this whole thing with Sam and his bingo card, this is kind of a challenge to me. I have to come up with new things each week. Oh wait, I do that anyway. Sam, you don't affect me whatsoever, but we do love you. Sam is my fourth child, so I'm a big fan. I did change my beneficiary and everything to just him. So Anthony's always mean to me. We were still getting feedback about us bickering. My cousin Frank said something about he loves the banter. He said the word banter. So it's you're wrong. [00:01:54] Speaker C: And I'm tired of listening to your dumb opinion on things. [00:01:57] Speaker A: That's exactly what everybody says. They're like, jerry, you're wrong. Anthony's so right. Stuck in his dumb. I actually, I was with Michael C. Over the weekend and we talked about normalcy bias and he basically said that. And I'm going to paraphrase it, but we agreed that you're getting worse and worse, ingrained in normalcy bias because the harder you try to it's whatever you're. [00:02:19] Speaker C: Stuck in where you think that there's no change. The whole everything freezes because it's a time and a place where you feel comfortable because you're getting old and you're getting scared and you're not accepting of pain. [00:02:31] Speaker A: Hey, I am getting older. So are you. I mean, you're a 77 year old trapped in a 35 year old's body. But I'm not scared at all. I'm actually. You know what I'm scared for? I have said this since we started the show and I'm going to say it again. I'm not going to be here. Anthony, all of the stuff that's coming is going to affect you, not me. So I'm scared for you because I care about you. I care about you less than I do Sam, Nick and Jay, obviously, but I still care about you. My. Maybe your redheaded stepchild. But so what we agreed, if you'll hear me out for one second. Is that basically because you want so bad for me to be wrong? You know, what do you call somebody who's 99% I'm wrong? Junior, you want so bad to prove me wrong that you just can't see it. [00:03:13] Speaker C: I don't think you're wrong, though. That's the back to you not listening. I don't think you're wrong. All I know is that you're too rigid in your thought of. I'm planning for everything to be wrong because you should have a plan for things to be wrong, but you have zero plan for if you're wrong and how long it will take until you're right. Because I do think you're right. I think it's. I think things will be bad and. [00:03:36] Speaker A: I don't need a plan. [00:03:37] Speaker C: Things will be really bad. But you have zero plan for everything in between. So you're. You're. What's. Oh my God, what's his name? John Goodman. In that Cloverfield movie where he lives in that bunker. He lives in the bunker. Well, before it actually anything goes wrong. But something does go wrong and it's like, oh, thank God I have this bunker. But what about all that time leading up to that? [00:04:01] Speaker A: I have no idea what you're saying. I did see that movie. I remember being creepy and weird and weren't there like teenagers stuck in a bunker or something and so can I get back on track? So from your side, I'm wrong from my side. [00:04:13] Speaker C: No, no, again, you're not listening. [00:04:16] Speaker A: I'm not going. That's My point, I'm not going to listen to Anthony. [00:04:19] Speaker C: You don't adjust for what happens when you are wrong because you're going to be wrong significantly more than you are right. You will be right, you'll be right one day. But what do you do leading up to that point? [00:04:29] Speaker A: But today's you're stuck in your own. [00:04:31] Speaker C: Normaly bias of I need to just plan for being terrible and everything will be terrible mentally for me up until this point point and then you'll be right and then you can brag about how right you are but everything in between and you just don't adjust. All I'm saying is you should adjust a little. [00:04:49] Speaker A: No, I'm not going to adjust. No. And neither one of us adjust. I mean it's, it really. We are very set in our ways, both of us, you and me. We are very opinionated, you know, and that. I think that's a sign of intelligence. I mean, I, I think it's good that we can go back and forth on things. The one good thing, you know, we. You're kind of, you know, one of the things I keep saying to you, we took on this show to sound alarms. We took on this show to tell people what's going on in the world that they're not getting elsewhere. I'm packaging 10 hours worth of research and delivering it in one hour a week. I mean, I really, I watch my time in the lightest weeks I have, unless I'm out of town or whatever is seven. Roughly seven hours. So think about that. I do all this each week, so I have to shout and it wouldn't do me any good to shout about the good stuff. People can find that on their own. They can change the channel. What they are going to need us for is because when things are imminently about to change, like the banks close their door, you're more likely to be aware of that coming here than anywhere else. If I pull my money out of the bank, you will hear it here first. So I recommend to people to listen to Joe Jaquin show. He's on Monday through Friday. I've been listening for over 15 years and I've never been able to poke any holes in his logic. He's spot on all the time. Oh, by the way, today is the 6th of November as we record. I'm going to be on his show tomorrow on the 7th. So if you're listening to this, I can send it to you. If you want to hear what I say on his show, unless it stinks and then I'll tell you I can't find it. So anyway, I guess my take on this is this is for entertainment purposes only. We do bring you information. We always tell you to research it. We tell you, we'll give you the articles, I gather we'll give you the steps to find out that the FDIC insurance only has 1.3% coverage on your money. So when you see that little placard, you're Safe. Up to 250,000 account you are right now. You're great, you're great. The government who's 38 trillion in debt has got you covered, they got your back. But if we have a modern day run on the banks and I'm going to get into that today because it has started in earnest, you're going to be shocked. Not if you listen to me. So I'm not scared and I'm living my life. I'm just feeling like what's coming in your lives like the lack of Medicare, Medicaid, Social Security, the problem you're going to have to fix with healthcare borders, you know, safety net programs. We'll talk about EBT for a second. Everything that's coming is going the wrong way and I'm not going to back down. And I don't have to have a plan. My plan is done. I mean I paid off my house that dropped my credit score. I'm still not bitter by over 100 points. I've done what I can to have a good time. I've prepared as much as I can. I mean I, what do, what do I have passion in? You know, I mean what do I like? You know my biggest thing right now is, is I like this radio show. I look forward to this show every week. You have no idea how much this is my main life right now. This is probably what I like best about my job at this point. I still love meeting with people. I hate the paperwork. So I'm really glad Macy's there. I mean I, I love playing poker. I mean I, there's things I love to do anyway, we got to get back on track and the bickering and that stuff. As long as we still go away friends and as long as we don't, you know, ever go too far, it's fine. Good point, good point. Okay, so that's good to know. Sam, what's your middle initial and your social? I really am going to change the beneficiary today, so I'm going to need a little information. Let's get back on track here. I always like to start out with Shout outs for a reason. I like people to know how much we appreciate them. Any little bit of help people can give us, whether it's setting an appointment and sitting with us, whether it's telling people about our radio show, you know, liking and subscribing on our YouTube channel. All the help you can give us, we really appreciate. So. And again, Joe Jaquin's been great. You know, I mean, I can't wait to be on his show tomorrow. This will be my second time. We need to have him back on our show again, too. I think we overlap nicely. Quick shout out. We had a. We had a couple in the office that we have. They listen to the radio. Well, one of them is the radio show. We've actually met them in person doing a presentation, and I. I have a feeling one of them's listening. Thank you so much for sitting with us. I mean, obviously we'll help you in any way we can. Any questions you have, anything we can do will be honored. Great situation. I mean, they're doing. They're doing great. We had some tweaking that we would recommend as far as making everything safer, but that was about it because they're done. They're retired. They've won the game. So. And I want to give a shout out. I talk about Michael C. All the time from Sun City. There's another person that probably. I mean, I get something every week and I don't think to say his name, and I should. There's a guy named Jason J. And he listens every week. You know, we have some people that reach out to us quite a bit during the week. Jason's one. And I just realized he gives me so much. He doesn't send articles, but he sends videos and he. He has comments and stuff. I just. I want you to know, Jason, I do appreciate it, so. And he's been listening from the beginning. That's. Actually, we met him. He came in the office years ago. Why don't we do this? Let's get in. Government shutdown. Start with that. I'm sure it's on Sam's card because, you know, today's Day 37. So on Tuesday, we officially went into the very longest shutdown in history. So good on you. Government. It's weird around here because last week we boarded up the windows, you know, Night of the Living Dead style. You know, I told Jay I'm going to put him into a dog kennel and lock, so he's not my way. Well, things have progressed this week. Jay and I, we. It got out of hand. We had to kill Sandy and the dogs. We ate them. We things. It's. So now it's just me and Jay here. So. But we're. Our faces are painted, our heads are shaved. We're. We're ready. So government. Good on you. It's pretty. It's a bad sign when the government. I don't give a crap what side of the aisle you're on. If the government just can't function enough to operate, that's a bad sign. And by the way, it seems like they're operating. You know, I brought up last week we gave what, $40 billion to Argentina. Now we're going to have to start eating Argentina Argentinian beef instead of whatever. Weren't we eating US Beef by the way? So I don't know. This is, this is insane if you ask me that the shutdown keeps going and it looks like it might keep going. Part of it. I heard the Secretary of Transportation comes out this morning on the 6th of November and said we're going to have to throttle back the airline flights. He's. He said we're going to have to cut down by 10%. Think about that for a minute. Forty major U.S. airports, Phoenix sky harbor being one of them. I noticed. So that's going to affect thousands of flights. So you know what the government. You're dysfunctional. We all know that. You're broke. You're actually not broke broke because you have nothing. You're 38 trillion in the hole. That's 12 zeros after a number. So you're broke. Indeed. So if I'm going home, wherever the hell home is, if I'm going to see my youngest son Sam over in Georgia. My, my, and you gotta be kidding me. Thanksgiving is coming up. I'm not going to get my free EBT turkey. I'm not going to be able to go visit Sam. This is getting serious and I shouldn't make light of it and half me is not because really, you know, get that you get your head out of your you know what sand government and get stop this stuff. So speaking of ebt, that's still going on. It's funny because a lot of what I hear, it's like, you know, Anthony will find videos of me where they're deep fakes and AIs. I don't know. I think I have about 10 videos for everyone that Anthony can come up with. There's so much uncertainty right now. So there's a lot of weirdness behind this. You know, one of the things the EBT just Got shot off on the 1st. Today's the 6th, so kids that are getting supplemental nutrients, getting that EBT card. Didn't you have some food in your pantry? Or stocked up like, are you out of food six days into the new month? Did you just buy food week by week? I don't know. I don't understand it. I do. I read a lot, as you know. I'm just going to share one article with you. I encourage you to look it up and read the whole thing. Sam just piqued Sam's interest. He's like, oh, from what publication? Either the Daily HODL or Zero Hedge. So you are correct, young Samuel. It's from Zero Hedge. On 3 November, 700,000 ineligible SNAP recipients purged. Oh, speaking of purge, if the shutdown goes goes another day or two, I am recommending. If you're listening, Trump, I am recommending we actually have a purge. Let's start thinning the herds so there's less people to. Sam, that wasn't on your card anywhere, was it? The Purge? Those movies, the first one, Anthony. I was scared back in those times because I could picture the purge happening. Obviously, now I can more than ever. I've seen Escape from New York. Maybe we'll get to New York for a second. That's a big story. I know Sam's got that on his card. So anyway, so snap. Let me just read a hair of this and then I do encourage you to look this up. US Secretary of Agriculture Brooke Rollins. Any relationship with Henry Rollins? I do not know. Joined Fox News on Sunday and address the American people about USDA's massive effort to combat fraud in the Supplemental Nutrition Assistance Program, or the old snap. Let me read you just a couple lines here. SNAP spending surged by nearly 40% under Biden, linked to 100 billion in expenditures. So that's a tenth of a trillion if you're a math person. And the food stamp rules doubled under Obama's first term. So it does seem like whenever there's a administration that leans a little bit less conservative, the food stamps seem to skyrocket. I can't figure that out. Can't figure it out. So thousands of ineligible illegals used EBT cards. One individual claimed benefits in six states. That's juicy. About 5,000 deceased recipients were receiving aid, of course. I mean, you get hungry. It's voting day. On November 4th, you had to vote. You need a little nourishment. Gotta get your Pop Tarts. See here. Political activist Mike Netter noted on X. These states are stonewalling because they know the fraud is massive. When you hide the books, it's never to protect the honest folks, it's to cover up the rot. Meanwhile, the states that did not cooperate, apparently 29 states will not give up their numbers. On who's on snap. Rollins called for major reforms to ensure food stamps reach truly vulnerable. Here's what I agree with 100% and Anthony for some reason bucked this trend last week. So truly vulnerable Americans, not illegals, who abuse the system and act as a net drain on public resources. And I don't think this dude said all of them. Anthony, before you say oh you're. [00:15:35] Speaker C: I know but you, you make it sound as if it's all of them. I mean you talk with 700,000 and how big of a number that is. [00:15:42] Speaker A: But there's 700,000 is a big number. [00:15:45] Speaker C: Million, sorry that need this help. 42 million is. [00:15:51] Speaker A: And how did 40% rise in the last five years? Come on. So let me, let me just read his suggestion which I agree with 100%. My solutions to the EBT slash SNAP abuse scandal are simple and clear. One, shut it down. Two, require everyone to reapply for benefits. Three, restrict what can be purchased. His examples are ground beef, milk, eggs, fruits and vegetables. The basics only. I couldn't agree more. If you can buy M and Ms. With your snap, Anthony, I will never agree with you. I don't give a crap. If it's one person out of 42 million, one person bought M and MS, then something is wrong with the program. What's clear is that fraud within. Within the food. It's nice to see you laugh. Within the food stamp program remains widespread with evidence indicating that illegals are exploiting the system. This fraud situation is rampant. I think it is rampant. I don't think it's a minor deal at all. Anthony, when a country is about to go away, I think the. [00:16:57] Speaker C: So you don't get 700 enough is to justify a full restructure. It's enough to ruin everything for 47. [00:17:04] Speaker A: You know, everybody forgot about already. But when the mafia slash illegal betting thing, we brought that up a couple of weeks ago and they said they've indicted 30 people and I said then it's going to be 3,000. They're going to find if they really dig into it, if it's 700,000 people, they've taken off all the roles already in the last couple of weeks, they're going to find 7 million. They're it's come on. And you know as well as I do, I Point out the bad side, you point out the good side. The good side is only 700,000 people. You know, 5,000 dead people are getting snaps. I'm telling you, that's too many. It's like 1.7. [00:17:37] Speaker C: That's 1.67%. [00:17:39] Speaker A: 1.67%. I don't want to paint the whole. [00:17:41] Speaker C: Thing, but that seems like the opposite argument of that. What you make with the FD, the FDIC, FDIC only has 1.3% and obviously that's not enough to cover it. So if 1.3% is a significant enough number to not cover. [00:17:59] Speaker A: That was a stretch, dude. That was Apples refrigerator. [00:18:02] Speaker C: Such a tiny. It's a tiny, tiny, tiny number. [00:18:05] Speaker A: I. [00:18:05] Speaker C: You're arguing as a pro for one. [00:18:08] Speaker A: I think if we found out. I think if somebody like Elon Musk came back and they really audited the food stamps rolled, there's no way it's 700, 000 people out of 42 million. Not and not a chance. It's probably going to be like 20%. Just in my career as a human on this planet, I know what people are like. If you encourage them to get a government, you know, funded cell phone or section 8 or WIC or SNAP, there's a percentage that are going to abuse it. And you probably think it's 1.6% that'll abuse it. I think it's 20. So I see it differently than you and that's okay. And who's right? I don't know. I guess if they really go in and audit it, we'll find out. I think the best thing I read here was shut it down and restart it. You have to apply. We have to do a little background check on you. Oh, good. [00:18:50] Speaker C: Who's going to process all of that? With the government. [00:18:53] Speaker A: The broke government. The broke government. Well, they seem to be processing other stuff. They're talking about cutting flights and air traffic controllers and giving money to other countries still. So I don't know. I mean a lot of this is. It's just. It makes my point to you. You think there's been a civil war, there's been world. There's been all this stuff. I think never at once we have everything. [00:19:11] Speaker C: We still haven't had it all at once. Yeah, you're still complaining about things that haven't happened. [00:19:17] Speaker A: Not complaining. I'm. I'm joyously. I'm just sharing with people. There's people that this show is just amazing too because they're like, what the hell was that? There's people. If if you listen to financial shows, we are 180 degree opposite of those shows. But even if you just listen to like talk radio or podcasts or whatever, this is a different animal. This show is different. And it's. I, I mean, I think it's fun. I think it's entertaining. I think that we have pointed out the fact that there is so much going on and a lot of it is not what I would say, positive. And I still think you can't picture it. I know this. You can't picture five years out. Once you get into your 50s, seems like when you really start thinking, wow, where did that go? That's just my experience. It's what I've heard from other old people like me was like, when you're in your 20s, 30s, 40s, you don't understand how it's going to be to squint because you can't read. Everything starts to hurt. You really do feel like it's going to rain because your knee hurts. You lose your keys and you're like, why did I walk in this room? All that stuff that they make memes on Facebook about starts happening and then you'll understand what I'm saying. And I really. Even seven years ago, when you came in the office, it didn't feel like it does now to me. I mean, I feel like every year, the older you get, the faster it goes and the more you understand, looking back, like, how weird it was. You know, when you're in your 20s, you think somebody in their 50s is really, really old. Now that I'm on my 60s, I don't think somebody in their 80s are very old. I meet people all the time in their 80s and I'm like, yeah, I mean, that's. That'll be here for me in a second. Can we move on? I have such important stuff. And here we are bickering too much. It's. We gotta be careful, too, that we don't waste a lot of time. Something exciting happened today. Nancy Pelosi. I'm sure you heard Anthony. I'm sure she's stepping down. She's not running. Nancy Pelosi, who's 85 years old, had 20 terms in office since the 80s. She's stepping down. I think the news is joyous. Obviously, I started reading what Trump said about it, and it's hilarious. I've heard people call her names and make fun of her. You know, she represented San Francisco, where people are pooping on the sidewalks and there's drug needles everywhere and they had to clean it up so China could visit. And now it's back to a hellhole. What did Trump call him? A third world poop hole. So Nancy Pelosi, the witch is leaving. The only thing that bothers me. So her investment, her, her investing career may suffer. I want to keep watching Pelosi. You know, she was notably a better investor than Warren Buffett. So I would have a feeling if you look at the next five years, she won't be quite as good as Warren Buffett anymore. But who knows? So that's interesting news. Let's do it right now. Let's talk about New York for just a second. Mon Dahme. So we said to you to watch this guy six months ago, and I won't spend a lot of time on this. You know, I've seen the memes, you know, 9, 11. You said you would never forget. Well, you forgot. So, you know, you people, you're going to wish you had Term limits coming up soon. I don't think it'll take long. I watched on election day. I was, I was, I mean, I figured he'd win, you know, sleep. We didn't have a chance. You know, Como's got his own problems. He, he let a bunch of older people die in the skilled nursing facilities. So I figured this guy would win. What is kind of funny? Oh, the bomb threats. He came out and blamed it on Trump. Basically. Like, you know, people hate me because Trump, it's like, you got to be kidding me. So here comes some of the irony. You know, he's going to have free buses and city run grocery stores and, you know, he's going to go towards UBI and all this stuff. So I can't make this up. This is, I took this from Jimmy Fala. Nobody felt dumber than the people at Mom Dummy's victory party. Mom Dummy had a cash bar at his victory party. If you can't get free vodka from this guy, something tells me free food and buses ain't coming. Congratulations, suckers. And I, and I did look into it to make sure that this was true. Oh, it's true. He and they were expensive. Like, the drinks started at $16. So. Mr. Everything's going to be free. So. And by the way, be really careful. I mean, I went to classes on Muslim Brotherhood and how the landscape's changing with how many kids some people are having, how many kids they're having. And there's Muslim Brotherhood training camps in all 50 states. So apparently already there's been celebrations and, you know, people bowing down in the streets to Praise Allah for the. The new mayor. So be careful, because this could be the green light for. [00:23:42] Speaker C: Do we have freedom of religion? Is that not a big part of it? I know, because you're taking extremists of one religion and making that represent the entire religion. [00:23:53] Speaker A: All right, let's move on, because I. I know there's nothing I can ever bring up anymore that you're not going to try to counter balance. And I get that. But, you know, I don't like any extreme religion. I don't even know what you just said. All I know is I don't want to look back in four years after another terrorist attack internally, grand jihad, whatever the heck it is, and be like, well, we. I saw it coming. But Anthony said no, and I. He overrode me, and I didn't talk about it. I'm going to talk about things that I think are going the wrong direction, and that's one I think. [00:24:22] Speaker C: Well. [00:24:23] Speaker A: And as long as we're on religion, let's talk about another one. Here. Here. And Sam, I doubt this is on your bingo card. So, Nigeria. Are you watching that at all? I mean, Anthony, what's going on in Nigeria? You tell me. Because, I mean, all you have is to, you know, argue with me on what I'm saying. [00:24:39] Speaker C: Genocide in Nigeria. [00:24:41] Speaker A: Very happy. Last week you knew what Taco was. Today, you know about that? Yeah, they're killing a bunch of Christians. And. And I guess the only reason that I'm bringing it up because, A, I didn't think Sam would get to that one. And I want to still kind of like, you know, have some mystery for the one and only. The other thing. The other thing is how does this affect us in our shutdown? It's either A or B. It's either. Sam said he's sorry he doesn't keep up with African news. Very good, Sam. I do. I want to take another money show through the entire globe each week, not just here in the country. So my thing right away, when I first heard about this, and I've been watching it for a week or so, first thing I thought is, what is this going to entail? Another front that we're going to war with or we're going to send all kinds of money. I got my answer yesterday. The first step. Wait till you hear this. I just found this out yesterday. We're going to cut off funding to Nigeria. Wait, I thought we're in a government shutdown. We're in a government shutdown. You can't have pop tarts. You can't you can't fly. 10% of you. But we were giving money to Nigeria. We're going to cut it off now. Or has it been suspended during the shutdown and then when we restart the government, we're going to suspend it then? I don't know. But I just. I found it. Here's one more thing that's going on in the world. Let's. Oh, and speaking of, like, geopolitical and, you know, national news and all that, you heard Dick Cheney passed away. You both heard that. Pretty sad. I. I don't. I have. I'm not as sad as I probably should be because I thought he was a traitor. I'm just going to give you the bottom line. I. I think his daughter's a traitor. I think his family's traitorous. So I'm sad when people pass away. I mean, that's, That's. I'm sad about that part. I'm not going to miss him as a u. S. Politician, though. And I don't know if he died of natural causes or, you know, some hunting buddy shot him. I don't know how he went out, but it's sad. So we are getting dangerously close to break time and I have so much to get to. So why don't we. Why don't we go to the break right now and then we'll come back and talk about more stuff that Anthony can argue with me about. We would love to sit down with you. Number one thing, I want to get to everybody listening. Come sit with us. We really don't do this. You don't get the bickering in the office. Like none of it. You, you. So. And you can say if you want to meet with Anthony or me or both. Our standard default when you're new and you came through the radio show is both. But if you want to pick and choose one, you're not going to hurt our feelings whatsoever. So come in, sit down with us. Let us be a second opinion. If you have an old 401k, let's look at it. If you have a current 401k, we'll help you with your allocations. Obviously, I'm watching the teflon dow a little trouble today. I'll tell you why right after the break. If you want to know why, from what I researched this morning on why it's going down. So sit with us. Check out our YouTube channel. We need your help with liking and subscribing and letting people know about it. And, you know, reach out to us, give us show ideas, whatever whatever. We're at six. Whatever. Do whatever you want. We're at 623-523-0444 or you can email us teamothermoneyshow.com thank you so much for being with us. We'll be right back. [00:27:48] Speaker B: All of JR and Anthony's listeners receive a free consultation. Just for listening to the show, visit anothermoneyshow.com Time to trade stress for strategy. Let's talk money. That makes sense. This is another Money show. [00:28:08] Speaker A: Welcome back to ANOTHER Money show. Thank you so much for being with us. We greatly appreciate it. I'm always reminded for the old call to action, if you're one of the next five callers, all that stuff. Yeah, that's great. Great. We will take you. Even if you're number 6, 7, 8, 9, 10, etc. We will make sure we sit down with you. So give us a call, 623-523-0444 or you can email us teamothermoneyshow.com we would love to help you be a second opinion and we would love to meet you. So if you find us interesting, you don't even want to talk work, come in, at least meet us. So I'm going to bring this up. It's a few week old story but there was a little follow up this week and I'm purely bringing this up just to see if it's on or has been on one of Sam's bingo cards. So there was a truck crash a few weeks ago and it had monkeys. Did you hear about that? And Sam, was this on your card anywhere? I didn't really think it was worthy of bringing on to another money show, but it crashed. It was in Mississippi and they said let's see here. Aggressive, aggressive. Lab monkeys carrying hepatitis C, herpes and Covid escape after Mississippi crash. So one of the monkeys, Mississippi woman kills escaped monkey fearing for her children's safety. So the reason that I'm bringing it up now was a just for Sam, but apparently the last monkey was shot this week. So one was shot last week. Couple were captured two weeks ago, but the last one was shot. Moving on from monkeys, let's move on to something that's let me get to a couple news items just to bang them out and then I'll get back to my outline. So weird, weird things are going on. Yesterday there was a fertilizer explosion in Yazoo City, Mississippi. So there's like Covid monkeys and now there's fertilizer. What are you doing over there, Mississippi? You know M I, S, S I S S I P P. I learned that when I was in eighth grade, I guess, and I can still say it fast. What the hell are you doing though, with exploding plants and monkeys? There was a plane crash. I'm guessing you both heard this UPS plane crash a few days ago and follow up for that, Yesterday, there's already 12 people dead and apparently there's a lot missing still. So this thing was bad, the plane crashed and if you look at the videos, there was a huge fire. And but the update from yesterday, they've been having a shelter in place for people around the scene since the accident and now they're saying if you're near there, near the airport, that you shouldn't drink the water. So what, what on earth exactly was lit? You know, what was, what was set on fire where you can't drink water near a plane crash. Anyway, so that's going on. I just heard this morning that last night a Cowboys, a Dallas Cowboys player who was actually, he scored his first NFL touchdown Monday night against our Arizona Cardinals. He committed suicide. Suicide last night. So just weirdness everywhere I look. [00:31:07] Speaker C: That's how bad he feels about beating the Cardinals. [00:31:10] Speaker A: Well, actually heating up children. But the Cardinals won. So current events on that one, the Cardinals actually won, which is probably the biggest news story. Even more than exploding monkeys and you know, Covid carrying fertilizer. So anyway, get back to not thinking it's funny. 24 years old and apparently there was a police chase. So I'm not sure what he was hiding or what he was doing, but the ending was he committed suicide. So very, very sad. That was Marshawn Nyland. If you're a football fan, something else going on in the news. I read this yesterday. Here, here's. I'll just read a quick thing from realtor.com if you ever notice that realtors, I say I'm a realtor, you can't say tour, you got to say Tor. So I don't know, I'm a financial advisor, not a financial advisor. So the typical. Here's another example, Anthony, of what you're going to see in your lifetime. That I am not the typical first time home buyer is now 40 years old. When I first heard that, I read that and I'm like, wait a minute. When I was young, you were in your 20s, you couldn't wait to get out of your mom and dad's house. You know, now you're all moving back in with mom and dad moving in their basement. 40 years old. Think about that. So it Says here the typical first time home buyer is now 40 years old, the oldest on record as as high housing costs push many younger buyers out of the market. That's up from 38 last year and 33 just five years ago according to the data from National Association Realtors. That, that doesn't, I mean that's huge news. It was 33 five years ago. Think about how the economy's changing and now it's 40. So I don't know the, you know, I've been saying the American dreams definitely on life support if it's not dead. That's another good example. So, and, and by the way, Anthony, here I go. Here, here's something for you to, to fight me on. The end game is for BlackRock, Blackstone and Vanguard allegedly to, to own all the homes. So one day where none of us even in your 60s are gonna own a home. But that's just shocking information. So I, I wanted money as we're. [00:33:13] Speaker C: Kind of there, all these streaming services, like we don't really think about it. But when itunes was around, used to own your itunes. Well, even then. Right. I think there was a Bruce Willis case where he sued them because they told him technically he doesn't own anything. He doesn't own the rights fully. But we're already kind of there. We're all streaming our music. Nobody has any hard media anymore. Nobody owns DVDs, nobody has VHS. It's all streaming services. [00:33:43] Speaker A: I do. [00:33:44] Speaker C: Renting our movies now. [00:33:46] Speaker A: I have DVDs, I still have Betamax tapes. I have all kinds of stuff because I am not a hoarder, but I'm certainly a collector. So. I know it was funny to you when you first came in the office. I was one of the last holdouts. I was still getting the Netflix DVD by mail where you send one in, you get a new one. So yeah, no, it's. And I have been harping about the clouds. Harp. Harp. H aarp. I've been harping about the cloud lately. You know, younger people, they don't have any pictures. So if we have an EMP or solar flare or something real bad happens, we're going to lose all our stuff. There's nothing up above you in the cloud. The cloud is just a bigger computer than you have. Jay. I found out my youngest is. He's my youngest and second favorite. Sam, you're still good. So Jay is paying $10 a year, not a month. At first I thought he was going to say a month. $10 a year to have cloud storage. And I just got A chuckle. I just found that out yesterday. I got a chuckle on that. Cause I'm like, so if you have kids one day, can you leave them pictures they can look at? No, I mean, I guess don't lose your pass your password or whatever for the cloud. But anyway, so I found that interesting. Oh, speaking of cloud and stuff that's not real and you can't feel crypto. What the heck's going on? Bitcoin in the last few months was 124,000 a coin. On Tuesday, it went down to 99,000 a coin. This morning I looked into it just to see 100, 1000 people are reaching. [00:35:13] Speaker C: Out trying to buy bitcoin anymore. Nobody, right? Remember how many people reached out at 120 to buy Bitcoin and now it's, you know, 20% off. Where are you guys at? [00:35:23] Speaker A: You know, as much as I like the banter and the bickering, one thing that you are correct about, you know, it's just, it's funny. If it wasn't worth it to you at 124 or 99, why is it worth it to you at 124? Ethereum was hacked. [00:35:35] Speaker C: I always say, buy high, sell low. [00:35:37] Speaker A: Yes, that is the American dream. That's why we're always going to have a job. Because unless you have the stomach or discipline to pull this off correctly, you'll be backwards. People chase things, fomo, whatever the reason. So Ethereum was hacked. I had to change my password on texit this week. It was not hacked, but the dashboard, everybody had to change their password. So are you sure you feel safe if you're heavy in crypto? Because not only is the volatility pretty enormous, but, you know, I mean, anything can get hacked that you could have hundreds of thousands or millions of dollars in crypto today, and then tomorrow you could not have it. The government can seize it, you could lose your password, or there could be a cyber attack and it could be hacked. So, so much going on, you know. You know what? I feel like the analogy. Remember the analogy of a frog, frog in a pot of water, and you slowly turn it up and the frog just gets in place and then it winds up passing away because the water starts boiling. That's what this whole country is, Anthony. So you and I are going to have many more times to see things differently, because I think everything is heating up and I think we're going to be boiling soon. So let's get to somebody that is very important, especially to our career. Halloween was last Friday, so not Even a week ago this happened and it didn't even make the news as far as I heard. I actually got a text alert on this and I looked into it. So last Friday. Let me read something here from for you. The Federal Reserve injected $29.4 billion billion with a B into the US banking system on 10-31-2025 using overnight repurchase operations, also known as repos, to address the tightening market liquidity conditions. This was the largest single day liquidity boost in over five years since early 2020. What was going on in early 2020? The move follows a period of dwindling bank reserves and increasing pressure in short term funding and appears to contradict the Fed's recent hawkish public rhetoric on monetary policy. In late October 2025, the Fed also announced it would end its quantitative tightening program on December 1st and cut interest rates by 25 basis points. So this was a week ago as we record not even a week ago. 29 point. And I thought the government was shut down. I guess I don't understand. And I did. I, you know if you want an article, I can send you one. I got this on google.com on the 2nd of November and it says basically what I just paraphrased and it's got reasons. Declining bank reserves, mounting liquidity concerns. This is scary because this, this takes us right into the banks. I, I'm positive Sam's waiting for me to talk about banks. One of the key details from this Google article, contradictory policy signals. The liquidity injection sends mixed signals to the market as it contrasts with the Fed's public posture of maintaining restrictive monetary policy. Some analysts have called it a quiet bailout or preemptive damage control. So the reason that I'm watching this very closely, you know when you lower interest rates, the Wall street has a good time, right? I mean they get so happy. This, this Wall street stuff, it's all a house of cards. It's smoke and mirrors. We've had a 16 year run up in the financial markets. We, we have the biggest black swan event in the history of our country and our world in 2020. And the market went down in a V shaped formation for the month of March, April 1, aka April Fool's Day. It started bouncing back and it was like nothing even happened. You know what, something's happening, kids. So I looked in this morning, I said after the break I'd tell you why I think the Dow is having a little tantrum today. Something I found Nvidia, the golden stock of all golden stocks. That's floated. The S&P 500 is magnificent. Seven or ten, depending on what you read. The CEO came out, the CEO of Nvidia let that sink in, who I'm talking about and said, china is going to win the AI race. That was this morning. China is going to win the. Well, of course they are China. The goods are cheaper. It's a communist country. We shouldn't be playing nice with them. So they have less regulations. We have poisons. Put the President of the United States put a moratorium on states getting involved with AI for 10 years. There's a lot going on here. But anyway, I think if AI starts to falter and we have another tech bubble like we did in 2000, by the way, Anthony, in 2000 I was in the office and I remember it late 90s to the early 2000s was a real day and night contrast. You one day are going to get to experience that feeling. 2008. Anthony, I think about this all the time because you've been in the office for seven and a half years and you have never seen the psychology of financial advising. You've never seen people scared. You've never seen people panicking. You've seen people do things they shouldn't. You've had to educate people on the value of lifetime income. You've seen a lot. You have not seen a downturn that makes people worried that they're going to have to go back to work or run out of money. We all talk about running out of money. It's the biggest fear retirees have. I get that. This is different. When they actually think they could run out of money quicker, they get freaky. Anthony, in the 2007, 2008 market, you were in high school. I was in the office. You graduated in 2018. Right? I'm sorry, 2008. Yeah. That was the longest mindset of your life. [00:41:38] Speaker C: 2009. Until now, though. [00:41:39] Speaker A: What's that said? [00:41:41] Speaker C: You've kept that same mindset from 2009 until now. [00:41:44] Speaker A: And so you think like the old, buy low, sell high. If it takes longer, you should give up on it and say, now it's time to buy. Not going to happen. I'm going to keep it 16 years. They didn't fix anything from the 2008 correction. They didn't fix it. They put things under the rug. They swept. They didn't fix it. Derivatives have ballooned. Mortgage backed securities. I do want to get to one article on that, time permitting. No, I'm not going to give it up if it goes another 16 years and I'm alive. I'm still going to say it for 32 years. You're right, Anthony. I'm not going to give up. I have always said I'm not wrong. I'm early. I'm not wrong. And I think we're gonna have a market correction sooner or later history says I'm right. I mean maybe, maybe this time is different, Anthony. Maybe you go your entire career and that the geniuses over at Wells Financial Advisors and these people with a blue suit, white shirt, red tie, highly polished shoes, maybe they'll be right. Sell all these older people variable annuities and crap you would never own. Maybe they're right. Grab your commission. I don't think so. I actually think it just every day for 16 years that it doesn't happen. Including when we have the biggest plaque swan in the history of the world. I think it's just going to be worse. I just think it's coming closer. I think we're in an everything bubble and there's going to be a reckoning and I think I'm still going to be around to see it. And then you are going to understand what I went through when a plane hit a building on 911 when, when we had the tech bubble burst and my father was trying to explain to me how things worked when. 2008 when I had to explain it to people. Yeah, I think you're going to see it. And part of, part of what's going on. Here's something for you. Here's put a little, get a little background on this world and what's going on. Here's from wolf. I'm sorry, Wolf Street.com this was a new publication to me, Wolf Street.com office CMBS delinquency rate hits record of 11.8% much worse than the financial crisis. Multifamily delinquencies soared a 7.1. You know, we talked for the last couple years about commercial real estate and how it's going to be problematic. We, and we kind of, you know, laid off of it because it just hasn't happened yet for some reason. Well, what's the old expression? Pepperidge Farm remembers? We still, I'm still worried about it. Anthony's not. It'll just keep going. So here's something for you. Commercial real estate loans on office and multifamily properties got further bludgeoned in October. The delinquency rate of office mortgages that have been securitized. This crap was going on. This is why we had 2008 the, you know, big short Go back and look at it. Michael Burry. Michael Burry's coming out again. He's talking right now, but we're going to have a problem. So let's see here. Commercial mortgage backed securities, that's what CMBS stands for. Spiked to 11.8% in October. The the worst ever and over a percentage point higher than at the peak of the financial crisis meltdown. So if in the financial crisis meltdown they fixed it, why are we still doing this? Once you fix something, you should learn lessons. We did not. Let's see here. October 22, the office CMBS Again, the commercial mortgage backed securities delinquency rate was 1.8, 2022. That's just three years ago, not that long ago, 1.8. In the last three years it exploded by 10 percentage points. That's pretty tough. For multifamily commercial mortgage backed securities. The delinquency rate rose to 7.1, the worst since December 2015. Multifamily CMBS are backed by rental apartment property mortgages. Think about that for a second. The housing crash that we experienced in 2008, Anthony, you were in high school. Sam, you were around that. So that time could duplicate. Well, I just talked about Nvidia CEO saying AI, we're not going to win. So the tech bubble could duplicate. What if the AI crash? The bubble crashes, bursts, whatever you want to call it, pops the same time the commercial real estate and that the problems with people in their homes. What if it crashes together? Could we feasibly have a market correction? The scope and magnitude of 2000 and 2008 combined? I think so. Anthony, I'm sure you do not. I'm kind of digging it. You're like picking on you to get you to bicker with me. Because you're right. [00:46:08] Speaker C: No, I know, but it's. Again, you don't listen. It's like I don't like to disagree. [00:46:12] Speaker A: Right. [00:46:12] Speaker C: Of course it could happen. The market could drop today and not stop dropping for the next two years. And it wouldn't surprise me at all. [00:46:19] Speaker A: Right, which is why you focus on comprehensive plans for people. We are getting ready. By the way, I'm going to interject before I get to the next little thing I want to say about the markets we. Anthony has written up. He's working on a like, I'll call it a seminar. But we're not going to be seminar guys that do seminars where we feed you Morton's or Ruth's, Chris. And then we know we're going to sell you and hopefully you fit into it. We're going to get 40 couples there, we're going to get 10 appointments, we're going to get five closes. We not going to slime you out like that. But we're working on the thought of trying to get groups of people in front of us so we can share our information with more people at one time. And Anthony's written a beautiful presentation and I read it and part of it is on the importance of a comprehensive financial plan. I like that. So I know that we always tell you we focus on planning over products and education over sales. And we're going to further that we need to use this, another money show platform to ask people if they would be interested in us doing like a zoom. Like you have to sign up, you know, we have to make sure you're not a bot. We have to make sure you're not a deep faker and AI like all of the food snap videos that I receive. So we, you know, we're going to try different ideas. If we have to go to libraries, that's what Sam told us we should look into. We've, we've had people in our back office tell us the dinner seminars work. You know, I mean, I guess we could do them without being slimy. So anyway, back to the end of the world. If I may. Here's something from the Daily Hodl on the 31st of October. That was about six days ago as we record. That was the same day that the government put in 25 billion where the B dollars in the banks. But we're okay. Everything's okay. I'm telling you right now, it's not. The banks have no money. The FDIC coverage is 1.3. We're in a fractional reserve currency system and the fractional reserve requires requirement is zero. It has been for over five years. So be awake, be aware, be nimble kids because they ain't going to give you any notice. It's going to be 5 o' clock or later on a Friday, 5 o' clock Arizona time. It's going to hit you and then we will see. So here's something from the daily hurdle. US national debt ballooning at 4, $4,800,000 per minute. Do you want me to read that again? Let me just read in a little bit of this. The US national debt is now as large as the combined gross domestic product of the second to the sixth largest economies in the world according to the nonpartisan watchdog Peter G. Peterson. That's a lot of Peter's foundation. The watchdog says the 38 trillion US national debt is equal to the combined GDP of China, Germany, Japan, India and the United Kingdom. That's insane. Oh, don't forget Sam's pointing out to us. Don't forget, make sure you do a little duck, duck. Go search and find us debt clock.org it's fascinating. You can start pushing buttons and you'll hear. You take a lot of rabbit holes from that one. There's always a secret window in the upper right. You got to check that out to finish about this article. So meanwhile, the US national debt is growing at a rate of $4.8 million per minute. Per minute, 288 million per hour or 6.9 billion per day. Do you mind if I read that one more time? You don't think our debt's a problem? You don't think, Anthony, you're going to have problems with healthcare and Medicare and all that later? Let me read that one more time just because I think it should really sink in and scare people. The US national debt is growing at a rate of 4.8 million per minute, 288 million per hour and 6.9 million per day. And we're in a government shutdown. Can you imagine when the government opens up and they start spending again on a daily basis? The Peter G. Peterson again. I think that's a lot of Peters there, kids. The Peter G. Peterson foundation says the US is spending 3 billion as interest payments on the debt. This, the Peter G. Peterson foundation says could rise amid credit rating downgrades by Moody's, Fitch and Standard and Poor's. Financial institutions continue to treat the US Debt as a safe asset class. I'm going to read that again too. Financial institutions continue to treat U.S. debt as a safe asset class. But successive downgrades reveal that this privilege is at risk. Is there anybody on the planet dumb enough, no offense, to believe that our debt is going to just keep going forever? Please say no, Anthony. Please make that one. You agree with me like 100%. The debt is going to be problematic. It is now. We just don't know it yet. It's coming at us like a freight train. Are everything bubble, the housing market, the commercial real estate, you know, being 40 before you go house shopping, it's all coming at once. I'm so sorry. So in the cloud. The cloud's going to go. You know what, Anthony? Sam, I don't know how to really make you believe me when I say this. I don't give a rat's ass about me. I don't care about Me, I am going to play poker and do my thing and ride this out. I hope I can keep doing the radio show. I hope my health holds out if there's a civil war. And don't tell me we're not going that direction. Don't tell me Tuesday night with the changes in a few different states didn't lead us closer. You know, I always said the end of this show when we can finish the show. The 10th pillar is civil war. The 10th pillar is the country goes back to divided. Tuesday night took a huge step forward. I'm sorry I said years ago, it ends with a nation divided. And we're so polarized and divided, we're not going to come back together. And you know what? We're doing it to ourselves. So we will see. I want you guys to understand this. I care about you. I don't care about me. I care about our clients, kids and grandkids. I don't care about them. As far as with everything coming, yes, we want to help them protect and grow their retirement in that order. We want to help them understand that there's options to what's going on. There's ways to pay down debt, buy hard assets, do lifetime income. We can help them. We can help people be aware and awake and nimble. You know. You know what sucks though? You know, it's occurred to me a lot over the years, the more I do the show, the more I think it's just I never run out of stuff to bring you every week because there's new stuff. You know what, Sam, Anthony, you too. I'll use your example. When it gets bad enough and you guys are hardworking, successful, smart kids, you're going to be collateral damage to a system that people aren't awake enough to stop in its tracks. So you guys are going to have it worse than the kids that are living in their parents basement and on EBT cards. You guys are going to get hurt. And that breaks my heart. That's moment of sincerity. Anthony, take us out before I stroke out right here. [00:53:31] Speaker C: Fair enough. That's it for today's show. If you like what you heard, you have questions on any of the topics today or you want to sit down with us to review. I know it's so you're gonna end on a sober note and then just send me off. [00:53:44] Speaker A: Now we're laughing again. Now we're good. [00:53:46] Speaker C: You can reach us at team another money show dot com. Find us on the web. Another money show dot com. Check us out on YouTube. Give us a call 6235-230444. Number again is 623-523-0444. There's no minimums, no cost for appointments. Nothing to lose by getting a second opinion on your financial situation, especially getting that opinion from us. We'll see you again next Saturday at noon right here on 960, the Patriot. [00:54:15] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management LLC, BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results. [00:54:54] Speaker A: Hi, I'm J.R. rachford, host of another money show airing Saturdays at noon on 9 60, the Patriot. If you've heard our show, you know it's more news based and how current events could affect your finances versus actually telling you what we do. I'm going to tell you what I've seen time and time again to make be the very key to a happy retirement and that is income. You would think that those without much money in retirement are the only ones worried in retirement. What I consistently see is that those with large sums of assets are also just as worried. That worry always comes from the fear of running out. Stop worrying about your assets. Assets come and go. Income is forever. I believe self funding pensions are the key to a happy retirement and I can help you do it. Reach out to us at 623-523-0444. That number again is 623-523-0444 or find us on the web at anothermoneyshow.com.