[00:00:01] Speaker A: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their income, reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and JR Rochford.
[00:00:25] Speaker B: Here we are, your hosts, Anthony Correo and JR Rochford, taking a break from our day to day as financial advisors, Rochford and Associates, a fully independent, veteran owned 4th 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. You don't need any money shows. Nobody needs money shows. Because all we have to do is prepare for the coming apocalypse, right? Is that what today's show is going to be about?
[00:00:58] Speaker C: Jerry, what are you talking about? I'm always such a ray of sunshine and then you come in negative, coming in hot with your negativity. No, it's like every other week. It's going to be upbeat, uplifting. This would be good. We have a lot to get to, so let's. Let's jump right in and. No. No, nothing Apocalypse.
[00:01:13] Speaker B: No financial radio shows.
[00:01:15] Speaker C: No Kings. I. Did you go to the no Kings protest?
[00:01:18] Speaker B: I mean, I did not.
[00:01:21] Speaker C: You had more important stuff to do than saving our democracy. The hell's wrong with you?
[00:01:25] Speaker B: I don't believe in freedom of speech, so I do not exercise it.
[00:01:29] Speaker C: Well, I'll tell you what.
[00:01:30] Speaker B: Did I go out there to exercise my freedom of speech? I actually, I take that back. I did exercise my freedom of speech by not going out for this weekend.
[00:01:40] Speaker C: That is perfect. But you don't watch any fireside chats, you don't watch any debates. I mean, you, you. You're kind of unplugged. So you're.
[00:01:46] Speaker B: I'm more concerned with the Dodgers losing the World Series. It's really the only thing that matters.
[00:01:52] Speaker C: Were they playing the Blue Jays? Is that still. Is it that a thing?
[00:01:54] Speaker B: I believe so, yeah.
[00:01:56] Speaker C: I like the Blue Jays. I think they're Canadian though, so I don't know. I'd rather, you know, it's America's pastime. I'd rather keep it out of Venezuela, Argentina, Brazil and Canada. Those weird.
[00:02:05] Speaker B: Well, obviously you have not watched baseball in the last 50 years because I'm pretty sure it's just a Dominican, Cuban sport now.
[00:02:12] Speaker C: Oh, well, that's where I was going, but I stopped at Canada and then you cut me off. I was going to the Dominican Republic next. So, yeah, we have a lot to get to. I know I start out with shout outs. I want to have a sincere, somber shout out first. I am thinking of you, Michael C. And Sun City and Macy. I know this weekend is going to be emotional and we just want you to know that we love you guys and we're thinking of you. The other shout out we've had, we've had a couple people from the radio show come in lately. We've had a couple women. We've had. We had. We had a couple people come in twice now. So they've been, you know, really, we're really brainstorming with people. So I just, I mean, we always want to extend the offer. If you like the show, tell people about it. If you want to come in and see us, we'd be honored to give you a second opinion. So these people that came in this week, last week, thank you so much. I mean, it's. It's been so nice to meet you. And I know that you're more likely to keep listening once we meet you. I mean, that's our job security. So keep coming in.
I do want to get right into something that is kind of.
I guess you were right, Anthony. I'm going negative right away. Today is day 23.
[00:03:16] Speaker B: Never would have guessed. We didn't even talk about this before we get into the show. I can just, you know, assume.
[00:03:21] Speaker C: Yes, you can. Make an ass out of you and me all you want. So free. Zoom.
[00:03:25] Speaker B: You be the Rochford, I'll be the what?
[00:03:28] Speaker C: I don't know if we ever told that story. When caller ID was new, I was working with my father. He came by my desk and caller id what. What showed up was Rochford and it ran out of space so it said Rochford and ass where it cut off. And he looked at it and he looked at me and I said, guess which one you are.
That still cracks me up. That was like 20 years ago, and that still cracks me up. Anyway, I got to get to the heavy stuff first. We're going to go in order today of bad news to good news, if that's okay. So Today is day 23.
I know most of you are dead. I realize there's not many listeners left because the big shutdown is in day 23. We're now in the second longest shutdown. So I want you to know what's going on in my house just so you have some update, because I know people start to care about us personally and not just professionally. So we have boarded up all the doors and windows just like Night of the Living Dead, that film. We.
I mean, I started shaving my head, painting my face. I put our youngest son in the dog kennel and put a padlock on it so he doesn't get in my way if I have to start shooting. So I just, I want to bring that up. I will give you something that I'm watching closely. I might have brought it up last week, but I'm going to bring it up again because it's starting to be talked about a little bit more. And I always like to think that I'm ahead of things, not behind. So I feel like I was on this one because I've been talking to people a few weeks. So if the shutdown, shutdown goes much longer. You know who doesn't make a lot of noise when you don't get them a cost of living, you know, bump up in their Social Security when you raise their Medicare premiums, but not by too much. The, the middle class, the seniors, I would say military veterans. There's a lot of people that don't make a lot of noise. You know who makes a lot of noise?
The people that are on government assistance. I'm gonna cut right to the chase here and I know what I'm talking about, Anthony. You're gonna fight me on this and you're gonna say, ah, you're being stereotyped. I remember in Sam, it was in your neck of woods. I believe it was Atlanta, Georgia. This is probably going back, I don't know, 15 years ago there was a snag in the EBT system.
So, and it was, I believe it was Atlanta, Georgia within 24 hours. And even back then I was, I kept my ear to the ground, my eyes on the news. There was starting to get to be pretty, a good amount of chaos. The, so the SNAP program, the, the EBT cards went down and people started looting Walmarts. I'll never forget seeing people carrying big screen TVs and I sat there so confused. I was like, what on earth does your food benefit have to do with the right for you to steal? Well, fast forward whatever amount of years it's been and I think if the shutdown goes more than about two to four more weeks, you better be prepared for people to panic a little bit. And I'm all about helping people if they need help. Anthony, Even in our own family, we know people that have cheated systems too. I think when you got 42 to 43 million people enrolled in the Supplemental Nutrition Assistance program. Some of them are full of beans. It's been a generational life cycle that they want free cell phones, free, you know, free food. Well, there's nothing free. We actually pay for that. Oh, by the way, did you two see the screenshot I sent you this morning? Congratulations government.
We tipped over the 38 trillion mark. So make your way over to US debt clock.org and check it out. We have a shiny new trillion number. We're into the 38 trillion debt and nobody seems to care. Except for me, maybe Sam. I don't think Anthony cares, but me. So anyway, back to people rioting.
So potentially upcoming November 1st, I think New Hampshire. I read this morning, November 1st, some people are going to shut down that system.
And I can tell you what, I am always watching for Black swan events. This could very well be one because I don't think most of the country really thinks about it. If there's 42 million people on the program, the rest of us don't really think about it. You might want to.
Articles are starting to come up. I found one on the 20th of this month. Today, by the way, is the 23rd.
You should have picked up on that when I talked about day 23 of the shutdown. 23 is no coincidence. Anyway, today's the 23rd of October. On the 20th, a zero hedge article was titled what are the chances of a food stamp collapse in November?
A classic saying among preparedness experts. Are there really experts on preparedness in the US Is that America is capable of weathering many crises, but when food stamps shut down, all bets are off. In other words, when the free stuff army. I love that. When the free stuff army loses their handouts, that's when all hell breaks loose. And believe me, as much as I chuckle as I say this, this is a very real possibility because the Democrats and the Republicans are not close together. You know, this health care divide is really far apart. So let's see here. US government spends 100 billion on SNAP programs every year. The largest single food welfare project in the world.
It's difficult to predict what an end to SNAP might look like. Well, I can tell you, you know, you might want to just do your shopping during the day. You might want to actually go as a small group and shop if it gets bad enough. I know, Anthony, it won't. But I'm just saying, keep in the back of your mind, we always want you prepared, not scared. Actually, we want you a little bit scared, just enough so you become prepared. But we do want you proactive, not reactive. See here. Food banks offer short term relief.
Though these programs can be easily overwhelmed in the event of a broad cancellation of ebt. I would also say that stores like Walmart, grocery store and such, they might be overwhelmed with people coming in and just taking stuff. I've never seen a security guard at a fries or a Safeway.
[00:09:37] Speaker B: But they have greeters.
[00:09:39] Speaker C: They do. Walmart has greeters. I, I think the greeters better start carrying an AK47 or an AR15 just in case what I say grows legs.
Let's see here. Current conditions hold. Snap would. Ostensibly. I love the word ostensibly. That means whoever wrote this article is pretty, pretty good. Good iq. Run out of cash early November. Let's see here. Conditions for an extended shutdown have never been so numerous and the nation is quickly heading into the holiday season where the effects will be keenly felt, I would say. So if you can't get your free Christmas ham or your free Thanksgiving turkey, you need to steal it. So in 2025, 22 million people. Yeah, yeah, yeah, okay, whatever. It's 12% of the population is. Their estimate here is getting snapped. 12% in the wealthiest nation ever on the planet. 12% are getting free food. Holy cow. So anyway, I thought I'd bring that up because that could actually become a problem in our future. So watch out for it. Just be careful. Like, you know, maybe if things get weird, don't shop at night. Anthony, you, you know, you discussed the big no Kings protest. As much as I find it funny, as much as I find things like it's not going to change anything. You know, first of all, if we had a king, a king would not let you protest. You do know that, right? So this starts with a flawed base. The second thing is I watch the videos and I mean, I'm a stereotype again, just based on what I watched. It's all old white people. It's kind of like, I mean, watching some of these protests, it's like it's all these 60s flower children. It's like, hey, come on, are you that passionate for your kids and grandkids? I hope so, because, you know, I don't know. Anyway, the no Kings protest, it there were, I guess it was mostly peaceful. So that's good. I did find a few exceptions. Detroit, Michigan I'm looking at you. When the biker, the biker club, the MC was, you know, going after antifa and stuff, I saw some of those videos.
But around this I heard some of the speeches, I heard some of the people on the podiums. And one of the themes this year is to. To make sure. You know, I am getting choked up when I say this. That ICE aren't the only one with guns. True story. They video. They were videotaped saying now is the time to actually have guns. And I thought, well, you. You know, when we look at. Back at our 10 pillars, how we started three and a half years ago, we end with civil war. We end with rioting in the streets and. And chaos. I don't know, I was hoping that. Well, I must say something really weird. I was kind of hoping that if it's going to happen, not that I want it to happen. Don't. Don't misunderstand. But if it's going to happen, bring it on now. Because Sam and Anthony, I care about you guys and people like me, Desert Storm vets, although they're getting older, there's still a lot of Vietnam vets. We would rather fight these fights than let you fight it. So if it's going to happen, I guess bring it on. But I really was hoping I was wrong. I don't know. Nothing, nothing makes me feel like I've ever been on the wrong track. And listening to some of these speeches, listening to a few politicians, listening to Don Lemon tell people to go out and buy a gun. Don Lemon look it up, Said to go out and buy a gun. He said that's where the Second Amendment's for. You can't have masked people pick you up. It's like, holy cow. And I will tell you two things. I'm jumping around here. Two things I want you to know. Do not give up your Second Amendment rights. Do not give up your Second Amendment rights. And do not let us go to digital id.
Those are the two lines in the sand you better be ready not to cross. Because when those two things happen, everything else falls like a cheap suit.
[00:13:09] Speaker B: You think there's a digital database out there with all of your information already? Of course there's already digital id.
[00:13:17] Speaker C: Of course. I mean, explain the NSA to me. Explain how they can track every single text and keystroke. I understand that. But when they go to the next level and they employ what they've gathered for decades, that's digital id. And then perhaps they'll think some of us will rise up. You know, in history, 3% rose up. Now, I'd like to think it's 15 to 18%. So when. When you go to digital ID, that means they are complete. They are ready to go. And yes, Sam, you are correct. Tech companies probably know more about you than the US Government. The US government is probably trolling the tech companies to find stuff. Jumping around a little further, I noticed T Mobile, meta, I noticed some of these big companies, Google or whatever it is, who knows what it is, Alphabet, they're donating money to the renovation over at the White House. That's the next thing to blow up for the other side of the political aisle than what's currently in the administration. They don't like the fact that Trump is changing the White House, adding a ballroom or some ridiculous thing. And the whole thing is he's saying he's not doing it on taxpayer dime. So it's his money and donations of the wealthy. So you know, watch the White House. Maybe, maybe somebody will freak out and who knows, who knows what they'll do. Anyway, back to the politicians, the newspeople, the local politicians. At this point, news people like Don Lemon. I want to say that name again because his, his video is a little bit stark. And then some of the no Kings protest megaphone carrying attendees, they're telling you to arm up and start fighting back. That is dangerous. You know what I almost think is going to backfire. You don't want the National Guard in Portland or Chicago or D.C. or whatever. You're about to get the martial law, you're about to push too far. The FAFO meter is moving. You're about to get the National Guard in every city. If this starts growing legs here, I want to get to a quick article. This is odd. This is on the 14th of October from ABC News. Cartels issuing bounties of up to $50,000 for hits on ice, CBP agents, DHS.
There is credible intelligence that members of the Mexican drug cartel have offered a tiered bounty system for hits against ICE and U.S. customs and Border Protection officers. According to the Department of Homeland Security. Two weeks ago the Justice Department charged a member of the Chicago based Latin Kings, All Kings. We should have a no, we need to have a no. Latin Kings protest in Chicago with putting a bounty on Greg Bovino, the CBP commander overseeing the surge operations in Los Angeles, Chicago and Portland. Drug cartels have disseminated a structured bounty program to incentivize violence against federal personnel. According to a press release from DHS. The federal agency alleges cartels are offering $2,000 for intelligence gathering and doxing of agents, five to 10,000 for kidnapping or non lethal assaults on ICE, CBP officers and up to $50,000 for the assassination of high ranking officials.
Gangs like the Latin Kings have also deployed spotters armed with firearms and radio communications to Provide the real time movements of CBP and ICE agents according to the dhs. I' stop there with this article, but I can tell you something.
You didn't get that on Channel 3 news after you watched Wheel of Fortune and Jeopardy. You didn't get that. If you just, if you just, you know, browse your, your Google search in the morning, start watching this country. You know, Anthony, you have been 100% correct. We had a civil war. We've had a stock market crash. We've had all these things and we're still here. I'm still going to say it again. We've never had them all at once. And you know What? We've never had 38 trillion in debt before either. We didn't have that yesterday. So every day we get further into unchartered territory. My lot in life is to look back 10 years, 20 years, and then look forward 10 years, 20 years. Do I think things are going to be the same, better or worse? I would say as I sit today, I'm not optimistic. I'll just say that. And you've heard me say it before. I am not an optimist. I am not a pessimist. I am a realist. When I look at the information that I can find, if it doesn't make sense, I question it. I guess that's what we should do, but not everybody does. So anyway, I want you to know that guns are going to be in your future whether you like them or not.
Moving on. Why don't we do this? And you know what, Anthony? Something that occurred to me. I was talking to the client that was in for the second time yesterday and he seemed to agree.
I believe we're going the wrong way. Morally, spiritually, financially, physically, everything.
So if that continues on the road, it's on. And, and it's mostly older people. If you're in your 30s, I just don't know if you see it.
If that continues, something's gonna give. Whether it's gonna come out through violence or reforms and change. I don't know. I want reforms and change. I want you to, to have a happy, long life. I want you to start having kids. Sandy keeps asking about grandkids and I'm like, well, you know, I guess Jay is our best chance because I not. I don't think Nick is having kids. I. Anthony says nothing. Sam, I adopted you months ago. Where are the kids? I mean, I, I think you guys need to, you guys need to hurry.
Sam, do you have any kids that you don't know about? You know, remember the old joke? I mean, do you have any kids? Not that I know about.
So anyway, I think we're on the wrong way. Why don't we talk about this? Let's talk about France. Let's go to France. Just for a second. Just for a second.
France.
[00:19:13] Speaker B: I'm sharing right now. Sam's made a bingo card of all the topics he thinks Jer is going to talk about. And I think he has hit three of three right now.
[00:19:22] Speaker C: Oh, Sam, I hope the bingo cards got 20 items because I'm going fast today. I have so much to get out and I want to get it out. And I can't let Anthony talk again. A couple of weeks in a row, Anthony interjected stuff and talked and actually it was really good. Anthony, I'll get to you in a minute. I just want to spew some of my anger first. So, France, I went on Amazon on Monday and I ordered a ring camera for you. You know, I want you to start keeping people away from The Louvre. Stealing $102 million. The big heist.
This world is so insane. This France has their own problems with banking, you know, with their debt, with their immigration system, a little bit of rioting. And now they have the Louvre being robbed in the daylight, during broad daylight. I want to know more. It's got to be a setup. The stuff they stole must have been fake. And the Louvre put them up to it and they took it because it was fake. Or somebody needs big insurance. Something is going on. You cannot steal from the Louvre. I think it's hard. I think if you wanted to rob my house, you'd have a lot of trouble. Cameras, alarms, dogs, guns. Don't come in my house. That's how I see it.
[00:20:23] Speaker B: And I'm in some of the Ocean 15 movies.
Yes. All of this is doable.
You just got to watch Fast and Furious, Ocean's eleven on repeat, and then you'll learn everything you need to learn.
[00:20:36] Speaker C: I don't know. I just think it should be above Italian Job.
[00:20:39] Speaker B: There's how to manuals out there, just out in the open.
[00:20:43] Speaker C: Oh, the Italian Job was that with the little Mini Coopers? That was a great movie.
[00:20:47] Speaker B: Great one.
[00:20:48] Speaker C: Anyway, so I just. I thought I'd bring it up just because I know it's timely. And, you know, we bring you current events and how they're going to affect your future. Apparently, if you're looking for a Picasso or something you're going to pick up from the Louvre now you can't. So I thought. I thought that was fun.
Anyway, but so I had a snag. I went to get you a ring camera from Amazon and guess what? AWS had a snag. Is that another one from your bingo card, Sam? Please tell me it is. Amazon web service was out on Monday and I want to talk about that just for a second because everybody knows it affected, it affected Facebook for a short period of time. It affected T mobile, it affected some of the big donors to the ballroom in the White House.
[00:21:23] Speaker B: So I didn't know it happened until you told me it happened and I.
[00:21:28] Speaker C: Don'T expect you to. I am the one that has the finger on the pulse.
[00:21:31] Speaker B: I am the affected by it.
[00:21:33] Speaker C: Anthony, you don't have to worry if I do.
[00:21:35] Speaker B: To ignore what's actually going on shouldn't have been like, oh, looks like something's going on because I'm being affected.
[00:21:41] Speaker C: You would think. But I mean, if I knew about it, you should have known about it. But, but you did not. And I'm not surprised at all because unless, I mean, and it was in the morning and it was handled fairly quickly. But what I came away with, it was not that I couldn't get my ring camera for the Louvre on Amazon. What I came up with was I've been telling people, I'm just. There's such weirdness. It's like the calm before the storm in our country. And if we have one EMP or solar flare or cyber attack, if it's Amazon, it's not going to kill people. What if it's the power grid? What if it's the water treatment facilities? What if we have a big snag in this country? There was a little bit of people like, you know, a panicking upset about aws. I'm like, are you serious right now? If you had to wait for a day or two to get your cheap Chinese made, tariff price raised fake leather boots from wherever you got them. I'm sorry. But you know what? And it made me think of something else. So every, you know the big thing that I've heard the last, I don't know, 10 or 15 years, the cloud. You got to back everything up in the cloud, put things in the cloud. The cloud wasn't working on Monday. You know what the cloud is?
It's somebody else's computer. If I have a bunch of pictures on my laptop or my cell phone and I put them in the cloud.
What's the cloud? There's no. It's not going to rain my pictures, is it? It's not a cloud, it's a bigger computer than I have.
What if we have a cyber attack and it affects the bigger computer where I just put the pictures of Jay when he was 4?
The cloud, there's. There's no safety. It's like we're. We're all the technology, always feel safe because we backed up our pictures on the cloud. I don't know, Monday really made me think. It really made me think. And you know, Anthony, you got in the office seven years ago. I had to show you how to write a check, a physical check. You had to show me how to take a picture of a check and send it over to the bank. So we traded some of the young person stuff for some of the old person stuff. And now we're both better off because I know how to write a check and take a picture of a check and you know how to write a check and take a picture of a check.
The cloud. You guys, Sam, Anthony, you guys grew up in this world of modern day conveniences and technology. I did not. I still at the office every day, have a leather bound pleather. It's fake. I'm cheap. I have a bind. I have a planner, a book. And I write all the appointments in it. Anthony puts all the appointments digitally. And I'm like, what if your cell phone breaks? What if the computer crashes? What if the cloud. What if the cloud falls out of the sky? I'm like, I don't know. I don't know. I just. I think we've gone too far too fast. I read all this stuff about AI and I'm like, holy cow. We might have to go to universal basic income because I took the jobs of lawyers and doctors. I don't know. Let me see some happy. Oh, wait a minute. Sam. Sam wrote something. Bingo. Cross off the Louvre heist. Excellent. I'm glad you heard about that. I know you're not as, you know, isolated as Anthony, but I know you don't like to watch a lot of news. I don't have it on my card. We can call that the free space. Which one? The cloud.
The aws. That was a miss.
I want to start doing this every week. And that was a miss. I should have had that on there. Yes, but what if you do this every week and it makes our show more funny and less serious? Is that a good thing across that bridge when we get there, you're like, I'm not worried about that. That will not be one of my bingo items. This show becoming funny is not going to be one of my squares. So I do have a Question. As long as I'm laughing right now. What happened to South Park? South park was making fun of Trump. South park came. Came out hot and heavy this year. I saw a few clips. I haven't seen an episode yet, but I've seen part of it. So what happened? They shut down the season.
Like, they've canceled the rest of 2025, and I figured you two might know about that. I know Sam right now is. Is doing a quick duck, duck, go search on it. Oh, shoot. It's almost break time. While you have a couple minutes to check out why South Park. Stop. Why don't we do this? Please, if you're listening to us, do a couple things. One, go on YouTube. Help us out. I mean, Shelby puts the shorts out. If you want to check out Anthony's shorts, I think you should. They're good. There's some that are serious, some that are more funny. We owe her a few funny ones. I got to get busy on that. I've just been kind of busy. She's doing a great job. We have 375,000 views of our videos and shorts. That's huge for a little, tiny teeny fish that only has 632 followers. So please, if you're listening, please get us to 634.
Before the end of the day. We need to start scaring Joe Rogan a hair on our. On our level, our trajectory, and also get ahold of us and come in and sit with us. We'd be honored to give you a second opinion.
I'm being silly today on the radio, but we take our day job very seriously. We would love to help you. So we're at 623-523-0444 or you can always email us since it'll go right to the cloud, but we'll try to get it. You can email us atwhat's the teamnothermoneyshow.com we'll be right back.
[00:26:45] Speaker A: All of JR and Anthony's listeners receive a free consultation. Just for listening to the show, visit anothermoneyshow.com@rochford and Associates, we know the road to financial freedom is not a straight path, and the journey is different for every family. And in times like these, we want you to feel confident that you're safely on track to meet your retirement goals.
[00:27:16] Speaker C: We want to ask you to prepare for economic chaos. We want you to prepare for bank volatility. We want you to ensure and protect your assets. With a smart plan, our team can.
[00:27:25] Speaker A: Help you make the most of your hard Earned savings using strategies that are right for you.
[00:27:30] Speaker C: I want more people to sit down with us when we talk about a financial plan. It's different for every person we meet. We tailor, make our plans.
[00:27:39] Speaker A: Schedule your no obligation consultation today by calling 623-523-0444. That's 623-52-3-0444.
Rochford and Associates, Veteran, owned and proud to serve Americans like you.
This is another money show.
[00:28:02] Speaker C: Thank you so much for being with us. You know, we're little fish in a big pond and we just, we greatly appreciate your support. Again, I would be honored if we'd get to meet you. We want to help people. One person, one couple, one family at a time. We don't want you to all come in in the same day. We want to spread it out because there's only two advisors in our small office. So set an appointment, sit down with us. Let us be a second opinion. I mean, in the last week, we help people establish lifetime income. We help people do generational wealth transfer via life insurance. Yesterday, we got to talk Roth conversions with a person that's retiring. So we hit it all in the office. We will not talk to you in the office about the Louvre unless you want to. And, you know, one of the things we always, when we meet somebody from the show, we try to be together on those appointments. But if you'd rather the appointment be just down to business, ask for Anthony. If you want to be a little bit longer, ask for me. But, you know, whatever suits you. We'll be there for you.
So reach out to Macy in our office at 623-523-0444.
And I will tell you, Anthony ends the show this way. But you need to understand, you know, everybody that has any kind of sales capacity is going to say we don't just sell things. You know, we give you outstanding service. Well, we all have to say that. I will tell you something. We really do. I mean, we honestly, you know, I've been there almost 30 years, and it's like we do what we say we're going to do. So, I don't know, you know, our whole thing, our mission is on planning over products, education over sales, and we still make a living. We always get enough new clients to stay in business. So it's a wonderful thing. And, you know, I can tell you what I mean over the years, one of the things I see a lot, I see products, I see overlap. I see people that are not truly diversified. They feel like they are because they have several different products. They've just never really been into planning. And that's what I think we can bring to you. So come get a second opinion.
Why don't we move on a little bit? I do want to talk. I won't spend a lot of time on this, but I want to talk for just a minute about gold and silver. You know, obviously this year we've been on quite a tear with the precious metals. I will tell you, I fancy myself as a bit of a precious metals expert. And I would tell you the number one should always be lead, number two should be silver, number three, gold. Then we'll get to platinum, palladium, and the others, but start out with lead. Just trust me on this when I say it so. And I mean for barter, ability and all kinds of reasons, anyway.
[00:30:31] Speaker B: Democrat, right? Is that what you're trying to say from earlier.
[00:30:35] Speaker C: Republicans?
I don't want you to protect yourself if you're a Democrat.
Anthony, don't make this political. Our show is financial, 100% financial.
So why don't we talk just for a second about what happened this week, though, A couple days ago. Two days ago, I believe it was. So you've had a year run up in these, you know, other than real tiny breathers. And then we have a day that gold is down like 8%, silver down 6%. One day.
And then a few people reached out. Should I sell? Is this it? Is it?
[00:31:05] Speaker B: Oh, my God.
[00:31:06] Speaker C: You gotta be kidding.
[00:31:08] Speaker B: I can't believe that was real. You told me that. And how many. How many people reached out?
[00:31:13] Speaker C: Well, I. I always probably try to make it sound exaggerated, but two. I had two people. And by the way, too many.
[00:31:19] Speaker B: Yeah, you're up 50 year to date and you have one down day. It's like, oh, my God, I need to sell. That's. What are you doing? You don't belong in anything. If you can't invest and deal with one downturn day, you should have nothing. There's no reason for you to have any possessions of any value. Keep your money in the bank, keep your quarters. How. You know, just keep it in a mattress. What are you thinking?
[00:31:49] Speaker C: Well, and logic and emotion are two different things. I mean, we all know what makes money move. Fear or greed are the primary motivators to move money. And I can tell you what I was in 2011 or whatever when gold was going through the roof, that was greed. Because the more it started, you know, gaining traction, the more people were calling us and jumping in and, And. And the same we see over and over People master the old buy high, sell low. They don't get it. The buy low, sell high takes stomach and discipline. If you reach out to us, we can help you bring that to the table. But in general, people just don't have that concept down. They never have. That's why our job security is pretty sound, even when there's AI. I remember when the Internet was younger and I told my dad, eventually, they're not going to need us. It's going to be like WebMD. They're going to go on and do their own diagnosis. He was like, you have no idea what you're talking about. He's like, there's a huge difference between information and advice. These people are going to do more harm to good than good to themselves if all they get is information. They need us for advice. They need somebody to give them the whole story so they know what to do. And that's more true than ever.
[00:32:55] Speaker B: But I also did apologize to all you silver purchasers out there because I had some extra cash in my brokerage account. So I was like, I'll get a little bit more silver. And then the next day it dropped. So it is all my fault. I bought at the peak and now it's all downhill from here. So you probably should just sell everything. Just. Yeah, it's probably. It's over, it's done. I. I screwed it all up. I shouldn't have added anymore. I got greedy. What are you gonna do?
[00:33:22] Speaker C: Anthony said he's gonna wash his car this afternoon after work, so bring your umbrella out. Yeah.
[00:33:28] Speaker B: It is really funny though, because, you know, I bought. Obviously we've had gold and silver for a while, but I, you know, had some extra cash and I was like, I know it's at all time highs, but I definitely think there's more to go. Maybe I'll just top off a little bit. And it was so funny. It took a day for the transaction to go through and then the following day was that down 8%. I love it.
[00:33:46] Speaker C: Perfect. Your timing is good. Well, and one of our loyal listeners, a young man named Kevin, has been saying to me for several months, he thinks that there's gonna be a big correction because it's too much, too fast, too far, too expensive. And you know what? You know what corrections are? I'm talking to you. S&P 500 NASDAQ Dow Russell 2000 corrections are healthy.
Nothing should go straight up for 16 years. Did you hear that?
[00:34:11] Speaker B: I disagree with Kevin on that though, because I get the corrections, but this is actually the only thing that makes sense. The gold and the silver should have happened sooner. The fact that it's happening now and at this rate is a little obnoxious, but this actually makes sense to me.
[00:34:27] Speaker C: And I said something similar. I told him I wasn't really on the same page with him on that. I think the reason when I talk about fear and greedy, I think this time it's actually a dual play. I think the greedy are always chasing, so they're going to get in and then two of them are going to text or call me when there's one down day. But I think the fear.
You have to be seeing how fast central bank digital currency is coming at us. I have several examples. If we have time, if I don't run out the clock like usual, I have like five different examples today, just in the last week of big firms adopting cryptocurrencies. Big, big firms. And we'll get to it. Oh, that must be on Sam's bingo card. He's raising his f.
Either power to the people or Junior brought up another one.
[00:35:08] Speaker B: He's almost gonna get that blackout, isn't he? I think he was only two away going into the second half of the show.
[00:35:14] Speaker C: Yes, yes, Good, good work, Sam. But yeah, come on, you know me. You've been watching me for three and a half years. You know what this is about. So he said three left across. Well, let me get, Let me speed up again like I did the first half. So gold, silver, I, I think that this, this fear play is just as powerful as the greed play. So that means I think it has a lot of room to run. And we're at the end of the reserve currency lifespan. We're at the end of the, the fiat currency, all fiat currencies. China, I'm looking at you, Russia. This is not just the United States. The next time we have a financial meltdown in this country, it's going to lead into a global meltdown. Telling you right now, you better be diversified. We preach moderation and diversification. Now is a good time to have some cash, have some precious metals, have some cryptocurrencies, have a little bit of everything just in case. And when you look at the world around you in this country now, corporate bankruptcies, personal bankruptcies are skyrocketing. Auto loan, late pays and no pays. Subprime auto loan, it's going the wrong way. You've got first brands now. It looks like there's a bunch of crookedness in first brands. Tricolor, all these things, the politics, New York. It looks like we brought this up months ago to watch the name Zohan Mandami. We brought that two months ago and said, watch that name. I don't even know if you remember if you're a loyal listener. You do. He's probably going to win. Do you remember 9 11?
Do you know anything about simple economics? New York, what are you thinking? Do I think Como's a great guy? Nope. Do I think Curtis Lewis is the answer? Nope. But you know what? When those are the three choices you have, Good Lord. Good Lord. If you have a choice of a root canal and a crown being put on and having a popsicle this afternoon, pick the popsicle. Try to figure out who's going to hurt you the least. New York, what are you thinking? And you know, a little part of me is like, bring it on. Let's. Let's get. Let's. Let's do this. I mean, you know, I'm hearing talk about Kamala Harris and AOC are going to be running for the Democratic Party for the next presidential election. Bring it on. Let's start getting things up to the surface. And then we either fix this country or we break it.
I don't know. I mean, we'll see what happens. Anthony, Sam, you guys have to deal with it for the next, what, I don't know, 60 years? I don't.
[00:37:28] Speaker B: I can't wait for him. I'm gonna vote for him twice.
[00:37:31] Speaker C: You know what? You know what's so funny?
Be careful what you wish for. I know in past elections you've said, I'm gonna vote my conscience. That's a one. That's a very, very wonderful thing.
But. But even if your vote counts, it's dangerous. So let's talk for a second. Oh, I do want to do something. Anthony, cover your ears for a second. I really don't want to hear it from you today. I haven't done this in a while, but we had a. We had a young man that we met named Ernie. I won't say his last name, where he' that identifying information. Wonderful man. I brought up normalcy bias to him. He hadn't been familiar with that term, and I probably should bring it up at least once a month. You need to research certain terms. You need to research the term bail in. You need to research the term normalcy bias. Why do I bring all this stuff to you? And most of it you've never heard? And nobody around you seems worried.
Your neighbor you told about our show is like, oh, he's crazy. As you know what? He's. He's tinfoil hat conspiracy theorist. You know why? Because it's not comfortable to say the stuff I say to see the stuff I see to bring you the stuff I bring you. If you want to be comfortable, watch the Masked singer and Dancing with Star and whatever Pleasure island or whatever's going on now. But don't, don't look at the stuff I look at. Even watch the nightly news and you'll hear, you'll hear a little bit of what's going on with road rages and certain things that are unpalatable. But you're not going to hear the stuff I bring you. And you know what? If you want to avoid being surprised by a black Swan event, never ever again miss our show. We are everywhere. Podcasts are available, including Google, Spotify. Not on Monday on Amazon, but usually on Amazon. So listen to our podcast. We have three and a half years worth for you. But never miss our show. And you probably won't be surprised. Anyway, back to our buddy, Normalcy bias. This is just the simple Wikipedia version, by the way. Wikipedia is under fire right now. Good. It's about time. Normalcy bias is a cognitive bias which leads people to disbelieve or minimize threat warnings. Consequently, individuals underestimate the likelihood of a disaster when it might affect them and its potential adverse effects. The normalcy bias causes many people, I would say most people, not to adequately prepare for natural disasters, market crashes and calamities caused by human error.
So I want to get that out there and I hope that he is listening today and he hears that. I think it's a very interesting psychological phenomenon and I think we all have it to a certain extent, but I think most of our country is just the ostrich effect. If you put your head in the sand, it won't happen. You know, the the one side of the aisle calling to take up arms literally, it's time for civil unrest.
It's dangerous. Don't put your head in the sand. You know, watch your back, watch your six, watch your whatever. Let's move on.
[00:40:33] Speaker B: What's the term called for someone who never evolves and doesn't accept that change is a thing either? And JR just looking for the negatives and things and can be wrong 99% of the time, but really just rides the high off that 1% being right.
[00:40:51] Speaker C: You think I'm wrong all the time. Is that where we're going with this? Are you really going that direction?
[00:40:55] Speaker B: Track record is not great.
[00:40:57] Speaker C: Well, and from the people you've met from the radio show, I say we're at about 80 to 90% are on my side. 10 to 20% on your side with what they think is coming. Not here yet. You're correct. I have said to people forever, I've been early.
I've never been wrong. We'll see how it plays out. And if nothing else, this show is for entertainment purposes only. And it is interesting and it's fun and today's fast and lively and you need to come in because Anthony's right. I'm always wrong. Anthony shows me videos of people in Portland with big blow up cartoon suits of frogs and dragons and dinosaurs. I find the video where the, the law enforcement sprays mace into those suits. So I, you know, there's two sides to every story. And I really think that what I'm doing is preparing you. When we had Seth Liebeson on the show, I don't like to name drop, but you know, we had Seth Leibson on the show a while back. It's like when I met Jack Nicholson, he said you should never name drop because that's kind of pretentious. So, yeah, that was Jack Nicholson that said that. Anyway, what Seth brought up was, and I mean, I'll remind you, Anthony, he definitely kind of took my side. He said, JR is like the boy that cried wolf. And he said, but the end of that story, there really is a wolf. And I'm just saying when you're.
[00:42:09] Speaker B: Let's talk about how everybody ignored the boy crying wolf in that story because he wouldn't let it go. There was no right. He was right eventually. But it was like, come on, come.
[00:42:25] Speaker C: On, finish your thought, Anthony.
[00:42:28] Speaker B: You have to kind of meet people midway, be like, hey, here's, here's something that could happen. But when you're constantly just like, it's going to happen, it's going to happen, it's going to happen today. It's going to be this, it's going to be that. And then it.
[00:42:38] Speaker C: I never said today. Whoa, whoa, whoa, whoa, whoa, whoa. I'm trying to prepare you. I never said today. I never. When I first used to say January 1st, that was just to give you.
[00:42:45] Speaker B: Sure you've named. Yeah, exactly. See, you have.
[00:42:47] Speaker C: I know you're being funny, Anthony. At least try to go with me on this. I have no crystal ball. I've said forever. I manage money into the future without a crystal ball. And that's tough. What I'm doing.
[00:42:58] Speaker B: You're already lying.
[00:42:59] Speaker C: I have a crystal ball.
[00:43:00] Speaker B: It's in the office. I've seen it.
[00:43:02] Speaker C: I don't have a Functional, real, working. I did. I did have a client, actually. If you look closely, There's a Magic 8 ball next to it too. One client gave me a magic eight ball and one client gave me a crystal ball. Actually. It's really nice. It came in like a velvet lined box. It's pretty sweet, but I've never had it. Tell me the future yet. Well, I mean, there's been days that, you know, Anthony, we keep beer in the office. If you ever want to make the last appointment of the day. Anthony has actually got like a little mini bar in the back of the office. I guess I shouldn't say that on the radio, should I?
Is that against the rules? We never, ever, ever compliance. I'm talking to you. We don't drink during business hours or while we're working, but you know, we work for ourselves and sometimes whooping that office 12, 14 hours. So sometimes we end the day by just breathing. Anyway, moving on. Anthony, back to you. Anthony, back to you. So did we take on this show to be another money show and bore you to tears and tell you if you're one of the next five callers, you get a complimentary visit. If you're number six, screw you. Try again next week. Did we take on the show to say if you've done the heavy lifting and saved 250,000 or more, you're welcome to see us. If you only have 247,000, screw you. Go to see somebody else. You're a little fish. We took this show on to sound alarms. Our show is on current events and how they're likely to affect your future and your money and your kids and your grandkids. And I am not willing to back down to you or anyone else. You're. You are no king. I am not going to take your reprimands.
That was the most passionate I've been in my life. You like back on board and I like that.
I did ask. I asked somebody in the office yesterday if they like it. And we go back and forth and we bicker a little bit.
I've never yet had somebody that said no. We've had a couple emails. We had an email from a woman years ago. We brought this up on the show. She was a doctor and she's like, are you two going to break up? It's like, well, I mean, first of all, we're father and son, you know, blended. I mean, look at Anthony, look at me. You can tell I'm the smart one and he's the good looking one. But I mean, no, we're not going to break up. We actually think it's a good thing for you, especially if you come in the office because we're different, we see things differently. That's a generational difference. That's a political difference. It's everything. So you're getting the best of both worlds. You want a younger viewpoint, you want an older viewpoint. You want somebody who's a little bit more, I would say, apolitical and somebody who's a little bit more ingrained in his way. You know, you're getting two sides. I also tell people I'm big picture storyteller, conceptual based financial planning. I've been there almost 30 years. I have some reference points that I can look at and say history doesn't repeat itself, but it rhymes. And Anthony can back test your 401k to 2008 and tell you how it'll fare this time. He's an engineer by trade, detail oriented minutia, boring pocket protector. So we offset each other. So and every time I bring up, come to the office, I think I bring up, you can sit with Anthony or you can sit with me or you can have the pleasure of both of us.
So let's move on here. I want to talk about something that I'm just reading about this morning for the first time. Well, I heard about it last night and then this morning, Sam, get your card out. Because I think, I think in your previous life you were like an announcer or broadcaster in the sports world. I need to talk for a second.
I didn't do a deep dive on this yet, but I'm certainly interested. I'll give you some backstory to this. I have said to Sandy for years, Anthony, you've probably heard it too. Whenever there's big money involved in anything, there's likely to be some behind the scenes maneuvering, perhaps some shenanigans, some shady business. Pete Rose, are you in the hall of Fame now? You know, sports betting has really, really taken off the last decades. And you know, we've always had the Mafia.
Why wouldn't, when there's that much money involved, why wouldn't we merge the two? The Mafia is how Las Vegas was founded. I heard that the Las Vegas was a lot more fair to the players when the Mafia ran it. Not the big corporations. But anyway, I've been saying forever, I think big major sports are rigged.
Certainly there's some, of course it's athletic. There's going to be a lot you can't rig. But you can also, like in boxing, you can pay somebody to Take a dive. I've seen Pulp Fiction. I know it happens. I know real life like Pulp Fiction. It happens. So I have always said, when there's that kind of money involved, I don't trust it fully. Do I think it's 50? 50? I do not. Do I think it's 95% fair, 5% rigged all day long. So anyway, last night I heard something and I went to bed thinking, I'll look into it tomorrow. And then this morning, all of a sudden, bam. Tons of articles, tons of stuff coming in. I just want to read one little part of this to you. And then you'll have to research on your own. If you're listening. And this piques your interest.
The head coach of the Portland Trailblazers and a player for the Miami Heat were arrested on Thursday along with more than 30 people in two criminal cases alleging sprawling separate schemes to rake in millions by rigging sports bets and poker games involving mafia families. Authority said Portland coach Chauncey Billups was charged with participating in a conspiracy to fix high stakes card games in Las Vegas, Miami, Manhattan and the Hamptons that were backed by the La Cosa Nostra crime. I mean, strike that. Allegedly. I didn't say the family's name. That was your imagination. We go after Janet Yellen, the irs. We've talked smack about all these people. I do not want to have the Cosa Nostra crime family mad at me. So strike that. Anyway, a family.
So he. Guard Terry Rozier was accused of a second scheme to concoct. Concoct. I love that word. I think if I said a bunch of times, it wouldn't seem real anymore. Concoct. Concoct fraudulent bets by exploiting confidential information about NBA athletes and teams. Also arrested was former NBA assistant coach and player Damon Jones, who is charged with participating in both schemes. The indictments unsealed this week in New York. You know, I'm going to stop there. I could read the whole article because it's fascinating, but this one may very well get to be a bigger story because if 30 people were arrested, believe me, 3,000 are behind the scenes. Are some of the people arrested gonna cave and give bigger names? Maybe.
Maybe so. Sam, I'm glad that was on your card. I find that fascinating that sports betting is being uncovered as perhaps tainted.
I mean, you know, when coaches know things that the general public don't know. Let's. Let's equate this to. Let's say you're. I'll just throw a name out there just randomly, like Nancy Pelosi. Let's say you are in the government and you know a bill is coming up that's going to change things in some way, and you invest money in a company that it might affect, and you do okay, and you actually turn out to be a better investor than Warren Buffett, at least for the last three years that I've read. You know, that's inside information. Why can't that happen with sports? And like politics, there's big names involved. Oh, you know what? When the food stamp system goes down, the big players, the big NBA stars, Kyler Murray, our Cardinals benched quarterback. You people a lot of money. Step up.
Step up. Start helping people that need help. Don't start doing a GoFundMe or pass the hat for these people that need help. Step up.
Sam, you said I got another bingo. But there's two more to go. I mean, I don't. I'm. You. Now you're stumping me. I should have a bingo on what? I think I've still got a ton of articles here. I want to see if any of these are important. Let's see here. PNC Bank. That's my least favorite bank teller. Allegedly steals $80,000 from customer accounts.
[00:50:58] Speaker B: Now, that was on the list.
[00:51:01] Speaker C: Really?
Really? Banks are stealing or. I just had the banks, but if I was going to put one specific bank. You just named it, but I had the banks.
Now, now. And I'll just name a quick name.
[00:51:13] Speaker B: And I'm a Wells Fargo lawsuit, too.
I just saw that.
[00:51:17] Speaker C: Right? Is it Thursday? Why? Why? Did you get another Wells Far. Is. Is it Wednesday? What was the cause of this one? Did you shut down accounts or open.
[00:51:24] Speaker B: Fake accounts for hiring practices?
Wells Fargo will pay 85 million to settle claim allegedly sham diversity. Diversity hiring practices.
[00:51:35] Speaker C: Perfect.
[00:51:36] Speaker B: Oh, apparently they're agreed. So whatever it is.
So they had fake DEI job interview claims. I don't know. So whatever it is, they lost and they're paying money.
[00:51:47] Speaker C: Perfect.
[00:51:47] Speaker B: Oh, my God.
[00:51:48] Speaker C: Well, and as long as we're in.
[00:51:50] Speaker B: A bank all day in business. What wasn't even that part? I think that happened while we were still on this show where they were worried about going under because of the added lawsuits of them not paying their original lawsuits from, like, decades ago.
[00:52:05] Speaker C: So you're talking about Wells going under. Oh, I really don't remember that. But I mean, I mean, you're the boy that cried wolf, so I'm sure you remember how bad that was for Wells Fargo.
I mean, these banks. By the way, watch, watch out. When I reference first brands and tricolor and then you combine that with the people that are late on their credit card payments and they're writing off stuff. The banks are in trouble. One of the articles I got here, if you want to look it up because we're running short on time. This one's from the daily HODL. On 16 October regional US bank stocks plunge amid bad loan Fears. You've got Jamie Dimon calling these bad loans bad debt cockroaches. So look up the term cockroaches while you're looking up normalcy bias and bail in and I got a bunch more. I think I disappointed you, Sam. I think I fell short by one on your bingo card and I still have roughly looks like about 10 or 11 articles left. So I'm sure I have it. We'll talk after the show's over. But Anthony, I'm gonna let you spew.
[00:53:04] Speaker B: It for today's show. So if you want to play bingo with us next week, I'm sure you probably listen to enough shows that you can guess what will get mentioned at one point or another. But maybe reach out and we'll, we'll get you in contact with. Sammy can send you over his bingo card anyways, 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 your personal financial situation, you can reach us at
[email protected] find us on the web anothermoneyshow.com book appointments with us straight from there. Give us a call. Talk to Macy 623-523-0444. That number again is 623-523-0444. No minimums, no cost for appointments. Nothing to lose by getting a second opinion on your financials situation. We'll see you again next Saturday at noon right here at 9 60.
[00:53:56] Speaker A: The Patriots 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 investor 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.
[00:54:35] Speaker C: 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 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.
Hi, I'm J.R. rachford, host of another money show airing Saturdays at noon on 960 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 in tell you what I've seen time and time again to 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. 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.
