[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 Correo and J.R. ratchford.
[00:00:42] Speaker C: Here we are. You are hosts Anthony Correo and J.R. rochford taking a break from our day to day as financial advisors with Rochford and Associates, fully independent fourth generation family office right here in Sun City to bring you information you may not find on those other financial radio shows. Aware the last thing you need is another money show, but we appreciate you being here today. We are recording on Thursday, December 4th. So if you listen to our show and you listen to Joe Jaquin's show on 1010, you might hear some of the same stuff because Junior was a guest host over there this morning as well.
[00:01:17] Speaker A: I was that. I believe that's the fifth time now that I've been on their show. I've been on their show Half Empty cup in Colorado. So it's, it's great. We have a really good natural relationship with what they do, what we do. He's a lot smarter than I am. I mean he's a lot more, you know, educated. But, and we still, I guess opposites attract. I know that's what everybody's thinking right now. No, it was great. I think this was the best one yet because I wasn't nervous. For the first time, I wasn't nervous. And I, and I know what I have to say. I know what's going on in the world. I'm nervous, I guess, because he's like big time. I've been listening to him on the radio for, I don't know, 15 plus years.
So I, for me to be on his show, it's, it's kind of, I mean, I'm kind of starstruck. I know that's weird.
So anyway, so that went well. So I guess that's my first shout out. Thank you so much, Joe for having me. You know, I'm. Anytime, I'll. I'll be back on.
So let's see here. Another shout out. So something weird happened the last time that Joe had me on the show, we had a woman call in that heard his show and she's, she's talked to financial advisors before. She, she kind of felt like me, us, we would be different. So she made appointments, she came in this week and I, I asked her to listen to us. She had not heard our show, but she listens to do Joe's show.
And so hopefully she's listening today. Hopefully we have a new listener and a convert over to us too. So thank you for coming in. She and I and I were, without obviously saying names or anything we did with her. She, they're in really good shape. These are people that get it. They're, they understand moderation and diversification. She's got hard assets, she's got traditional financial products. I mean Gold, Silver, Texas, she's covered all these things. And I just love that when you get the financial advisors that say that the magic pill is stocks and bonds, be careful. I mean, I've said it for a long time. There's rules.
Advisors all learn the same thing. We learn the rule of 72, the rule of 100.
You know, when we're new, we.
[00:03:27] Speaker A: Same cookie cutter, we take your date of birth, we take your income, your assets, your relative tax bracket. We try to help you ascertain your risk, your risk tolerance. And then bam, we have a product for you. It's not, we're not geared up to do planning, we're geared up to sell products.
And it's, I just, it gets under my skin. So anyway, I just think right now in this uncertain world, hedging your bets, doing certain things is more important than ever because your date of birth and income and assets and all that is still important. But if you don't have an advisor that's adding the world around you as some of why you're doing what you're doing with your finances. I'm sorry, you're. Like you did in 2000, like you did on 9, 11, 2001, like you did in 2007, 8 in the beginning of 9, you're going to get your hand slapped again. I don't know when, but I think a 16 year run up in the financial markets is a good run. Let's prepare things cycle. I always say, you know, if you're having a great day, don't get too cocky. Tomorrow might suck, but on the other side of that, if you're having a really bad day, hang in there, tomorrow will be better. I mean, it's, it's all right. Soapbox over, done.
If you're new with Us, You're. You're gonna. One of the things you're gonna hear a lot, our modus operandi. We believe that you should be prepared and not scared. We believe that you should be proactive and not reactive. So that's what this is about. This show is not a one hour long infomercial. I've. I've got plenty of those I listen to every weekend. I'll tell you what ones they are. If you call me at 623-523-0444 or email
[email protected], i'll tell you where to go. Ours is on current events and how they are likely to affect your finances, your future, your kids, your grandkids. So this is a different animal. Anyway, thank you for listening to us. If you're here, that means you. You already know that, so let's jump right into it. Sam raised his fist in celebration. Apparently, I knocked off one of the first bingo card items when I said prepare, not scared. So you know what, Sam? I'm going to do something different this week since. Since I know you have a bingo card prepared. I'm just going to knock off a few items so I can get into what I do without thinking about you and your bingo card, if that's all right. So Michael C.
Michael C. Is on there. Daily Hodel, Zero Hedge. You know, banks have no money.
Jerome Powell is feckless. Anthony's going to get mad at me and go in a minute.
Did I cover any spaces on that one? So, okay, you would. You had already crossed off three, and I think.
No, I think it's just three so far. Today's the day we're going to. It's going to be a bingo blackout today because I'm going to hit everything you know about Tom Segura. Who's. Who the heck is Tom Segura? You guys were talking about Tom Segura and a woman comedian. Anthony, who's the woman comedian you're talking about? That we need to get on our show?
Anthony, get busy. We had Bob Zani.
What's that?
[00:06:25] Speaker C: Yeah, so we'll see about that.
[00:06:27] Speaker A: Oh, man. Dude, come out of your shell. Come and join me. Be. Get these people on the show. We need to be outside of the box of financial shows anyway, so let's jump right into. I have so much today. I know you, you. You've heard that for what, three and a half years? March. If we make that. If we make it to March of 2026. Do you realize that'll be four years? We've been on an under money show. So if you're a podcast person and you like what you're hearing, I would start with the newer ones and go backwards because we're on current events. You can hear almost four years worth of us. And you know what? Something with the holidays approaching, we have never missed a week. We've never, like, re aired or whatever. You say that a lot of the other shows do. Christmas week, New Year's week, doesn't matter. We're here. So we. We take this seriously. You know, I know a lot of this sounds like we're being silly, but we take this seriously. You know what we take more seriously? Come in the office and sit down with us. You know, we, We. This show is not an indication of what you can have with us. We want to be a second opinion. We feel like we're honest. We're good at what we do. We. We specialize in money management. And I believe we do it better than most people. You know, part of the problem with the big wirehouses. And I've been in this job almost three decades. I know what I'm talking about here. I've worked for a few firms. The pressure, the quotas. You can be the most honest advisor on the planet, but if you don't sell anything for two or three weeks, let alone a month, you don't have a job. Think about that for a second. If it's not appropriate for Anthony or I to sell something for a while, we don't. You know, what if. What if somebody said we? Then you have to get out. Well, then we'd be in deep trouble. You know, we had a couple in the office yesterday, brand new people that came in, and we talked a little bit about the fiduciary rule. The fiduciary rule, which is kind of scrapped right now. It doesn't exist. It's what best interest of the client, which, I mean, really, government. You have to tell me that if you're managing somebody's health or their money, their best interest should come before your own and your second house and your car and your boat and all the stuff you're trying to accumulate. Anyway, the fiduciary rule. I have a question.
I worked for a company when I first started, and I was what's called a captive agent. In other words, I had to sell that company's products.
So how can you be a fiduciary if you're captive, if you're not like Anthony and Junior at Rochford and Associates, if you're not fully Independent. And you can't represent what people need. I don't know. I don't think it's always in the best interest of client. And you know what? I haven't said it in a while, actually. Anthony says it every week. So scratch that. I mean, we are a veteran owned, fully independent, fourth generation family practice. Our name is on the company.
We are likely to care about you a little more than the big firms that have thousands of clients. And you're never going to get them. You're going to get the junior partner when you have to meet. All right, enough of that. Let's get into it. I've said that three times now that we're going to get into it. And then I don't get into it. So my old neighbor, I've got an old neighbor, he was next door to me. He reached out to me this week because he knows one of my passions is on real ID and they soon to be upcoming digital id.
And he said that he traveled over the Thanksgiving holiday. He went to San Francisco. I believe that's either in Venezuela or California. I'm not sure. But he went to San Francisco and he doesn't believe in the real ID any more than I do. So he's got his driver's license, got his passport, no problem gets there, no problem coming back.
Apparently the driver's license and the passport were not enough and they had to take a picture of him.
He said that it happened kind of fast and he regrets that he said yes. He doesn't know. Would he have been able to come back? Would he have been able to make his flight if he refused? Watch the signs, people. I know, Sam and Anthony, you guys are young.
I don't know if you're seeing what's coming. But this facial recognition, the information that we talk about, the flock cameras, man, that one's growing legs. If you haven't dug into flock cameras, you need to dig into it because they're all over. Sandy and I on Tuesday night joined Michael C. In sun city. We went to a little restaurant surprise named native Native. We're looking for sponsors. They have cheap chicken and beer night on Tuesdays. And I paid more attention than usual because Sandy drove. So I saw two flock cameras just going to native and back. And I. It startles me cause nobody even notices them. Sandy never noticed them. I hadn't noticed them until this week. So look into it.
Let's move on from my neighbor. But anyway, they took his picture. He feels like it was kind of, you know, not so optional kind of against his will. And it's. And it's scary. Switching gears, something else this week that's just kind of a sideline. I have no articles on it. I had to make a phone call to the irs. That actually stands for the. I believe it's the Internal Revenue System or service or something. I don't know what it is. But anyway, the irs, so we have short memories. I get that a few years ago this happened while we were on another Monday show. Didn't they hire like 86 or 88,000 new agents to join the IRS? I know they were training them in like hand to hand combat and rifle marksmanship. But anyway, they brought in a big staff.
So I call with a simple question. I didn't think it would take long.
You always expect to be on hold to a certain extent. But anyway, this phone call took 2 hours, 17 minutes and 23 seconds. They don't have the feature that you can leave your phone number and they'll put you in queue and they'll call you back as soon as they've got some available. I had to stay on the phone and I didn't want to give up because I figured no matter when I call, it's going to be that way, you know. And this was a number I had tried to call, I don't know, last week or the week before with the same question, and I couldn't get in. It was the number they have that ends in 1040. That's catchy, guys. And I got hung up on. They said the wait time is so long and we're busy. I get that. Everybody's busy. And then I got hung up on. So this number that somebody else gave me worked, but it took 2 hours, 17 minutes and 23 seconds to get a simple question answered. So if you have any business dealings, you know, maybe it's the shutdown, maybe the 88,000 people are just now getting back into the office and they'll ramp up, get caught up and be good to go again. I just wanted to vent on that one. Throw it out there next week. Speaking of our government, next week is the big Fed meeting.
It's the Federal. The Federal Reserve, you know, they're not federal. You know that, right? They're private bankers.
They're not federal. They have no reserves. So the Federal Reserve, anyway, they meet next week. How does this play out?
Apparently it's 90% now, is the consensus amongst the genii, it's 90% sure they're going to lower rates by a quarter of a point. Do you care they lowered them by a quarter of a point last month and interest rates went up. So let's see how it plays out. You know, it's game over. Jerome Powell has zero credibility. Zero. Well I guess he does with people that don't know what they're doing. It's just this game over. You know, Japan, China, the entire world. Joe talked about that show this morning. The global bond debt, the global equity markets, everything is in trouble. So it's not going to be like it was in 2000 with the tech bubble, 2008 with the Great Recession. This is going to be a global shift. And yes, it ends with central bank digital currency of some sort. Whether it's our genius act sponsored stablecoins backed by Treasuries. Treasuries, you know, the people that are 38 trillion in debt. Sam, you always point out that people should go to us debt clock.org and make sure we're telling the truth. I popped on there this morning. We're at like 38, 38,400,400,000,000,000 in debt. I have a question. When you know, with a, with a shutdown, with a government shutdown, that's a built in excuse, you know, to delay the numbers reporting for, you know, unemployment, all that. So have they reported the numbers yet? I know we were shut down yet we were still able to give money to Argentina. But are those numbers of things that were spent during the shutdown, have they been reported yet? This thing might jump up over 39 trillion before the end of this year. So just, you know, watch the US debt clock plus. You know what, that site's interesting. Sam, just put it up on the board, on the screen. I'm looking at it. It's got the US federal debt to GDP ratio. We are now at 121.60.
Debt to GDP. Do you know what that means? That means we, we are 20% more in debt than everything we own, everything we have. If, if you as an individual took the value of your home, took the value of your shoes, took the value of your car, if you took everything you own and it was worth say a half a million dollars, but you owe to somebody 600,000, that's what our country's doing. So wake up kids. How is it going to play out? Anthony, I know it'll never tip. You know, we've had debt, we've had, you know, world wars, we've had plagues. You know what, it's gonna end where we have a housing market correction, we have a stock market collapse. And unfortunately, Sam, And Anthony, for you guys, you're not gonna see the same future as you should. Medicare, Medicaid, Social Security, those are all gonna change, I don't think for the better. I think we are going to have a shift, is my opinion, in our currency.
The fiat currency is at the end of its lifespan. I think there's going to be big changes coming. And I am short term, extremely pessimistic long term because I have four sons, Nick, Anthony, Jay and Sam. I am very optimistic you guys are going to fix this.
You guys are going to have to. So. And you don't have to yet, but when the things hit the fan, when the ship hits the sand, you guys are going to step up and fix it. So be ready. Just, just be ready. You're going to think back. I'll be dead. I'll be lone gone. Don't get excited, Anthony. And I'm going to be dead for weeks. Not like today. So I'll be gone. But you're going to remember all the stuff I'm saying. You're going to be like, oh, he was a jerk, but he was right. Should we move on? Oh, I found a website, actually. I think I saw a TV commercial while I was watching the World Series of Poker last night. And oddly enough, when you watch that WSOP channel, they have a lot of commercials in Spanish. I love that. I'm in Phoenix, I guess that's. I don't know if they have those in Georgia, Sam, but Spanish commercials, Ford, a few different ones I saw. Anyway, there was a commercial for a thing called Kalshe. I don't know how you pronounce it. K A L S H I. So I pop over the old Internet, Al Gore's Internet, and I pull it up. You can bet on anything. Sam, you might have talked about or Anthony, you might have talked about this before. Was that the site you were referring to, Kalsheet?
[00:17:20] Speaker C: No, it was a different site. There's a few of them now that are doing this market is what okay, we were talking about.
[00:17:26] Speaker A: So if you're listening to us and you and you want to do some fun, go on Polymarket, go on Kelsey and poke around, you can bet on anything. They are also. I went into finances and political mostly. They are also calling a 90 or maybe it was 93% chance of a quarter point rate rate cut next week. So welcome to it. And you know what else? Other than all the doom and gloom I already said about what happens when this country changes? Are we going towards stagflation or hyperinflation The Fed has no business lowering rates right now. The inflation is still too high. You know, the target 2% rate, have they given up on it? You know, don't forget, Anthony, when we started the show, there was no inflation. Then there was transitory inflation, then there was a little bit of inflation. You know what the thing is? We haven't had any deflation. So you do realize, right, you if inflation only goes up by 3 or 4% this year, that's 3 or 4% on last year's 3 or 4% and that 3 or 4% is on the year before. It's 8 or 9% and so forth. The analogy I gave, I don't know, a couple of years ago. If you're hitting me with a stick, which, I mean, Anthony, you just got excited into if you're hitting me with a stick, and today you hit me 25 times with a stick. If you only hit me five times tomorrow with a stick, you're still hitting me with a stick. It's. It hurts. Stop. And you know what? Let me get into my very first article because this is a great segue. Usually I'm not so good at the segue thing. I'm not a radio guy. I look at financial statements for a living. I don't do this. So this is, this is me being a really good@Segways US. This is from Newsweek. At least. Sam trained me a while back when I do these articles to always name the source. I guess I used to just always rip into the article and I think Sam kind of reminded me that was almost like plagiarism or theft or something. Anyway, I'm taking this From Newsweek on 12, 2 25. U.S. bankruptcy filings surge. I've said that numerous times last couple months. Personal bankruptcy, business, corporate bankruptcy, the commercial real estate. There's a lot of different issues.
Pardon me. So let me just read a little bit of this. US bankruptcy filings are on the rise in the second half of 2025, signaling mounting financial pressures on both households and businesses. According to the latest quarterly report from the Administrative office of the US courts, bankruptcy filings rose 10.6% in the 12 months that ended September 30th. Compared to the previous year, business filings ticked up 5.6% while non business filings soared to 10.8% with a combined total of 557, 376,000, making the highest tally for the year long stretch since 2020. 2020.
That year rings. What happened in 2020 could have possibly made people slow down at work or at home or whatever. You know, luckily, the government had the printing presses on and they sent us stimmy checks. That's coming soon, right? Tariff checks or what are we doing this year? So, yeah, you know, as I read this stuff to you, keep in mind we are being told that the economy is strong. Is that right? Cnbc? Is that. Is that right, Jerome Powell? You know, we're not in a recession. We're told we're not in a recession. You know, or so negative quarters. You know, stop lying to me. As they said in the military, stop peeing on my leg and telling me it's raining. We are in trouble.
[00:21:03] Speaker C: That's one of my favorite sayings that you say.
[00:21:07] Speaker C: Yeah, I don't think I've ever repeated anybody, but anytime you say it, I get a little giggle out of it. I think it's hilarious.
[00:21:12] Speaker A: Beating me with a stick would be. If there is one of your favorite things.
[00:21:16] Speaker C: No, that's more of a fantasy real.
This one's just a slight chuckle. It's a little feel good.
[00:21:24] Speaker A: So couple more things. You just made me laugh, and that's rare nowadays, Anthony. It's around the holidays. I want to be somber. So let's see. Some view this as a sign of greater financial strains affecting American consumers and companies in 2025. You know what? You know what else is going on? We have record. Record, you know, 2008, it wasn't as bad. 2020, it wasn't as bad. We have record credit card debt. And the default rates are going up. The auto loan default rates are going up. The subprime auto loan rates are go. Everything is going the wrong way. And yet we keep being told everything's good. Black Friday. Black Friday, record sales, right? Black Friday was great.
Well, first of all, everybody that bought crap on grab.
Everybody that bought stuff not crap on Black Friday, they put it on a credit card. Isn't that a lot of it? A lot of the wealthy, a lot of people don't shop on Black Friday. They don't. A lot of veterans don't eat the free meal at Applebee's on Veterans Day. It's too crowded. So the masses that shop on Black Friday and some of the stories I heard around that, by the way, are hilarious. I heard that Target gave away a swag bag and it was supposed to be like, you know, a good incentive to get there two in the morning or four in the morning. Turned out it had like lip lip gloss in it and a little pack of nerds or something. It was some Joke. It was a real fancy, real fancy bag and then it had absolute crap in it. So I heard there's a little backlash on that.
Walmart. What did Walmart give away? I guess the good one was like it was either Home Depot or Lowe's. Good on you. I guess you actually gave away some incentive that was decent. So anyway, Black Friday, another question. Not only did a lot of people put a lot of expenses on the credit card because why not? Let's still party before the party ends. Let's not wait till the music shuts off and the lights go on. You know, I'm going to go to the football game. I'm going to go out to eat. I'm going to put all that on the credit card because who gives a crap? The world's hard and getting harder. So, you know, anyway, on Black Friday, another thing that I question that I don't know if other people do, you know, couldn't. Part of the reason the numbers were strong for Black Friday. This stuff costs so much more than every other year. If things went up in price by 5% and then we had a 5% increase on shopping on Black Friday. Do the math. Perhaps there's some shenanigans. Oh, man, we're already close to break time. Sam's already kind of giving me the high sign. So let's see, anything else here? Large known firms I've highlighted about this whole thing. Separate report from the American Bankruptcy Institute. I didn't even know there was such a thing. Is that a government entity? The American Bankruptcy Institute.
What if they go bankrupt? Who bails them up? Showed a total bankruptcy filing rose to 532019 in October, 12% year over year. It's a lot of boring numbers. If you want, I'll send the article to you, but what it says is that you're being lied to.
Let me hit one more thing, Sam, before we step out for a quick break. This, I got two articles for this one. One is from CBS News on the 3rd of November. I'm sorry, December. It's already December. What the heck. So this is from yesterday. The other one is from CNBC.com from yesterday. US lost 32,000 private sector jobs last month in surprise drop. ADP data shows the CNBC title November private payrolls unexpectedly fell by 32,000 led by steep small business job cuts.
Let me see if there's anything I need to read. The biggest loss. Oh yeah, this is kind of important. The biggest loss came in professional and business services which saw a decline of 26,000.
Others shedding jobs included information services at a loss of 20,000, manufacturing at a loss of 18,000, and financial activities and construction, both which saw losses of 9,000.
So you know what did ramp up, you know what numbers were positive.
And like every year, seasonal hiring. So the temporary jobs, the more low paying jobs did okay. So that's what they're going to focus on. But the good jobs, you know, they shrunk. It's just, it's one more example of how things aren't really going the way they should. And you know what, Jerry, you bring us problems all the time. You got all these problems. What are your solutions? My solutions are the same every single time I address this stuff. Pay down debt, buy hard assets, gift to your grandkids so they can get some relief and some help.
Come see us. Let us make sure you don't lose 20, 30, 40% on your 401k. We have ideas for you, so come see us. Anyway, I guess that leads me to break time. We appreciate you being here so much. Thank you so much. We're a little fish in a big pond and we need your help, your support. Please tell people about us. Let them know. We have podcasts anywhere you find those things. We have a YouTube channel that's doing quite well. You know, we have over 400,000 views, so that's, that's pretty good for a little tiny channel. And as always, we'd love to be a second opinion. We'd love to meet you. One person, one couple, one family at a time. We'd love to help you. We're at 623-523-0444 or you can email us team at another Money show.
[00:26:42] Speaker A: Again
[email protected] thanks for being here. We'll be right back.
[00:26:46] Speaker B: Stay right there. Another money show returns in moments. And be sure to subscribe to the podcast and leave a review.
[00:27:01] Speaker B: At 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 A: 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.
[00:27:25] Speaker B: Our team can help you make the most of your hard earned savings using strategies that are right for you.
[00:27:30] Speaker A: I want more people to sit down, 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 B: Schedule your no obligation consultation today by calling 623-523-0444. That's 623-523-0444.
Rochford and Associates. Veteran, owned and proud to serve Americans like you. You.
[00:27:59] Speaker B: Welcome back to another Money Show. To schedule your free no obligation consultation with J R and Anthony, visit anothermoneyshow.com or call 623-523-0444.
[00:28:14] Speaker A: Welcome back to another Money Show. Thank you so much for being with us. As you know, we greatly appreciate it. So if you want to meet us, if you want to give us show ideas, if you want a second opinion on your finances, if you want to talk to somebody that understands your way of thinking, give us a call 623-523-0444 or you can email us teamnothermoneyshow.com Anthony's number one passion by far is lifetime income. You know pensions have gone away.
Pensions are going away. If you're fortunate and you've got a pension, we can still help you with your all around financial planning. If you don't have a pension, you might really need us and we can help you set up your own. So sometimes all we have to do is help you tweak things. You may have had a ton of products but never really a plan. We can help you sort that out. And by the way, we are honest. I'm sure everybody has to say that we, we are honest if your advisor or if you are doing a good job. We're not poachers. We're not going to take anything. We don't do anything motivated by commission.
So come see us. I guess that's where I'm going with that. Anyway, why don't we get right back in? I do want to finish up. One more thing about that. The two articles, you know that we lost 32,000 jobs. They expected the numbers ADP expected was a gain of 40,000.
So when you think about it, the spread in their eyes and one of these articles comes out and says that it's not 32, it's 72. So that's kind of scary. And you know what my thought is on this? You know, everything I read, I realize I'm reading opinion pieces.
That's why I always try to get these two articles on everything. There's a reason for that I want to vet and verify before I bring it to you. You know what I thought about right away? You just wait. You wait. AI is coming. So you think it's bad now that you Might be laid off or downsized or right sized or whatever. When AI gets more in full swing, it's going to change things. Sam says AI is here. You're right. It's here. AI is here. You know what? But it's not here all the way yet. And do I think the stock market is in a huge, massive AI bubble? I do. So like the tech bubble. I think it's going to pop. Bubbles don't deflate. They grow, grow, grow until they pop. So the tech bubble, the Internet. Is the Internet still here? Yeah, you can go on the Internet and go to Cal Sheet today or Polymarket. So the Internet didn't go away. It just, it was too overheated in March and April of 2000 and it popped. And then we took our time and it got to where it's supposed to be. That's what's going to happen with AI. If you ask me, Sam put 1 million people laid off in the US this year. So far. 1 million people sounds like a big number. I mean, it's not a trillion. I mean, the amateur number compared to our government's management of our funds, but you know, millions. A lot of people. Well, you know, it didn't affect me. It didn't affect Anthony. Sam, I don't think it even affected you. One million people. It's like the old starfish thing. Why do you throw a starfish in the. You know, there's hundreds of starfish on the beach. Why did you throw that one into the water? It doesn't make any difference. The kids. It did to that one. If I can save one starfish, I'm going to throw it into the ocean. So.
Million starfishes out of work. That stinks. Why don't we move on? Let's get to another couple stories and see, Anthony, where you want to land. Because you also sent me a couple things this week. Actually, you know what? I'm in the Christmas spirit. I'm in the holiday spirit. I'm in the. I'm in the spirit. I'm going to jump my articles ahead. As long as you remind me to go back to these because they're very important and you sent me an article about Campbell's Soup.
Going to talk about that just for a second because you sent me that.
[00:31:56] Speaker C: Screenshot and I was like, I'm pretty sure I sent you that whole article.
[00:31:59] Speaker A: Well, we, I got, I got that. That was just a Facebook meme that I sent you. But yeah, I mean, I got an article on. On Campbell's. You sent me an article And I'll just read a hair. You want to talk about it first? What are your thoughts on the Campbell Soup thing?
[00:32:13] Speaker C: I.
[00:32:15] Speaker C: I.
[00:32:17] Speaker C: I don't even know what I think about that.
Like, it's just obviously we've talked on this show a few times. When Campbell's Soup and a lot of the, the cheaper food start skyrocketing their stocks and their shares, it's usually a bad sign for the economy.
So kind of seeing the same thing, but for this guy to come out and just bad mouth all of the people that are buying his product, that's.
It's a little rough. I mean, times are already hard enough and things are only getting worse. So you got this multi billion dollar organization just bashing all these people that they're profiting off of. I know, it's kind of sick.
[00:32:59] Speaker A: It's not a little rough, Anthony. It's pretty sad. And the article that I read took a more serious stance or whatever you say to it. The one you sent me was from Reddit, so it's more of a younger people's view than mine. You know the screenshot I sent you?
And I got this from Face. I'll credit Facebook. So leaked audio exposes Campbell's executives Bombshell comments on soup ingredients. I'm going to have to bleep some of this out. Sam. I'm not sure how to approach this. I want to quote this guy carefully.
We have sh.
[00:33:32] Speaker A: T for F.
Poor people.
I wish I could just trust that I can read this and you'll bleep it out at the right time. We have crap for poor people. Who buys our crap?
[00:33:48] Speaker A: This. This is an executive. This is a vice president at Campbell Soup. Guys, this is crazy.
It's not. He continues. I don't buy Campbell's products barely anymore.
It's not healthy. Now that I know what the Fs in it.
Bioengineered meat. I don't want to eat a piece of chicken that came from a 3D printer. This is.
Are you serious right now? Like, you know, I don't know one thing we have. We have our minds, we have our brains. We can think whatever we want to think. You just shouldn't really say it, especially if you work for a company. If I thought that Rochford and Associates was a horrible, horrible beast, I could think it. I shouldn't say it if I'm trying to hang around or if I'm. That's a bad example. Anyway, so. Reddit. Anthony sent me something from Reddit.
Campbell's Soup has fired an executive for allegedly making racist comments and referring to the company's products as blank for blanking people, poor people. The incident which involved secretly recorded conversation has sparked widespread discussion among Redditors about corporate culture, wealth inequality and the quality of Campbell's products. Again, what I'm saying is about my brain and my mind. You do secretly recorded. You should always live your life as though somebody secretly recording you because believe me, right now there's a camera everywhere you go. You know, your cell phones, all the conspiracy theorists. You know, around Christmas time my wife and I were talking about dog food and if it's on sale or on the holidays, I started getting more chewy pop up ads. So come on, people are listening to you everywhere we go. Think it, just don't say it. The summary on this Martin B. Martin Bali Campbell's vice president and chief information security officer.
[00:35:35] Speaker A: I know you want me to read that one more time. Martin Bailey, Campbell's vice president and chief.
[00:35:42] Speaker A: Information security officer and he doesn't know that he could possibly be recorded. Was the executive in question Campbell's fires executive allegedly caught calling the company's food s. You know what for poor people. The recording was made by Robert Garza. Robert, if you're listening, I must start calling you Bob. I like you that much. Call in. Let's talk to you. Let's, let's. I mean, I want to make you famous because you're a good man for you. Are that the Snowden of the Campbell's Soup world around me? So the former, former employee who filed a lawsuit against Campbell's for wrongful termination and a hostile work environment.
The former Campbell's Soup company employee has filed a loss of blah, blah, blah. In the recording, Bally allegedly made racist comments about Indian co workers admitting to coming to work high on edibles and criticized Campbell's products.
Criticism of Campbell's and corporate culture. Many Redditors expressed their belief that Bally's comments reflect a broader issue within the corporate world. I think it's probably not scambles. I think a lot of people are cold, cynical. It's just the bottom line. It's just what have you done for me lately? They don't care about people as long as the sales are up. That's how I think. So those of you on Reddit that had all the comments on here, I think you're spot on.
Let's see here. You better believe he's a scapegoat of a larger problem within the corporate world. All executives think regular people are peasants. I don't know if it's all of them. But I bet there's a pretty good proportion perception of Campbell's products. Some Redditors agreed with Bally's assessment of Campbell's products, noting their high cost and low nutritional value. He's not even right. Poor people can't even afford Campbell's Soup. So, Bob, Rob, Robert, come on, come on with us. We're going to have a female comedian and you on the same show and we're going to have a good time with you. Let's switch gears from Campbell soup. Let's take you to Minnesota.
Actually, you know, we're going to take you to Minnesota and then we're going to go global today. We're going to take you international.
So here is one article from the national review from 3 December. Minnesota's massive welfare fraud scandal.
Sam, Anthony, are you hearing anything about the fraud in Minnesota?
I mean, we got rid of Doge a couple weeks ago, so the fraud everywhere, I guess is safe now.
Minnesota, have you heard about that, you guys?
[00:38:13] Speaker C: Yeah.
And Waltz was like directly responsible for trying to hide it.
[00:38:19] Speaker A: He, he probably had some knowledge. Yes. I did a few Google searches just to fill in some spaces on my bingo card. And when I saw this, I said, JR's definitely going to bring up 10 waltz. And I put it on the bingo card. And yet I didn't because I'm not political. My cohort Anthony brought up Tim Wells. Tim. I almost called him a bad name product. Tim, I love you still. I think you're a great guy. You talk about the epitome of why people hate politicians. Step up. Tim, maybe you should come on our show to defend yourself.
I hope that's not slanderous. It's my opinion. It's allegedly what I think of you. So anyway, let's get into this a hair because I have more to do that that ties in with Minnesota's massive welfare Florida scandal. So the nation is finally awakening to the ongoing scandal of massive proportions in Minnesota where state taxpayers have had somewhere north of $1 billion. Billion with a B, you have to say, stolen from them by concentric rings. Concentric rings of welfare fraudsters based in and around Minneapolis's highly tight knit Somali disapora community.
It is a story with far deeper implications than the mere loss of hundreds of dollars and cents. One that implicates our national immigration policy, among other things. But let us first note that the depth of this fraud and how long it was ignored by the media at large.
Although our friends at Power Line. Okay, yeah, yeah. Yeah, let me see what I got here. That was important.
[00:39:58] Speaker A: Let's see here. Career prosecutor Joe Thompson, who has the federal lead on the case, has said this fraud crisis didn't come out of nowhere. It's the result of widespread failure across nearly every level of leadership in Minnesota. Politicians who turned a blind eye, agencies that failed to act, prosecutors and law enforcement who didn't push hard enough, reporters who ignored the story, community leaders who stayed silent, and a public that wanted to believe it couldn't happen here. This isn't just a few criminals exploiting the system. This is a system that's been begging to be exploited. He added, if we keep ignoring the truth, we're going to lose something far more important than money. We're going to lose Minnesota that we know and love. Well, you know, Minnesota, maybe it's time you secede. Maybe we help you secede. Go up to Canada or wherever you're close to and get out of here. Your winters are horrible. We don't like you. And I'm from Chicago saying that another article, you know how I said I always try to get 2 or 3 to vet verify this is from the signal on the 3rd of December, how Minnesota's Somali fraud exploded.
Federal prosecutors say welfare fraud schemes have reaped in billions of dollars in taxpayer money. Most of the dependents the defendants charged are Somali heritage, a fact that has been taboo to report even after dozens of Somalis were convicted in Minnesota welfare fraud cases. Fear of facing allegations of racism deterred whistleblowers, news outlets and public officials who dared to raise concerns about the fraud among Somalis. Thus, the problem didn't get the attention that it deserved.
I highlighted quite a bit from this article, but I'm going to leave it there because you get the idea. And as always, I'm willing to forward the article to you if you wish to read it or I cited the source, you can look it up. So here is part of my problem. So there's fraud. We understand the entire country has problems with fraud, but as a veteran and as somebody who's still very angry about the six representatives that think the military should disobey illegal orders, which from what they have said themselves, there are none. And we all know if you're in the military, you know that in the unlikely event that an order is given, that seems questionable.
So anyway, I'm not still bitter though. So here.
[00:42:25] Speaker C: Isn't there a video that just went out on one of the big Republicans making a big deal of this, flat out saying that if it's an Illegal order, then they shouldn't do it. So essentially saying the exact same thing.
[00:42:39] Speaker A: Okay, so I have a question for you.
First of all, with all the division and the polarization, with no apparent illegal orders floating around, what, what was the purpose of that video? Was the purpose. You know, that's like me saying to you, anthony, I'm going to send you a text later reminding you not to drink and drive. I'm thinking about sending you a text later saying, please, if you have a craving for Krispy Kreme donuts, eat one or two, don't eat six or seven. What are you talking about, illegal orders? You shouldn't, you shouldn't do anything that's illegal.
Right? I mean, I, I don't. And I don't give a crap. Go ahead.
[00:43:12] Speaker C: I just, I, I don't get the point you're making. You make a big deal of it. Democrats saying it, but for Republicans says it the exact same thing.
[00:43:21] Speaker A: Give me the source. Send it to me. I'll give, I'll give just as much attention next week to the Republicans that I don't want anybody saying it.
And I was in the military, so I have some idea, I have some idea on how they frame that for you. And I just, you know, if they say to fire on civilians, maybe question that. What exactly are these? Did the video cover. Look at you frantically looking. While you're looking back at Somalia, there's.
[00:43:45] Speaker C: A video of him saying, if it's illegal, orders, don't follow him.
[00:43:48] Speaker A: Pete Hegseth. Oh, he's under fire for, you know, second bombing of a boat. And they, the polarization. They want to get that man. They want to get him. He's a threat. So. And point being, what if he said the same things that the six Democratic representatives said? Then I will call out Pete Hagseth, too. He also knows there are no unlawful orders being floated around.
What this is about, it seems to be, that's come to the surface is the ICE raids, the deportation, you know, the things that are going on. Going on.
They're telling the military that it's okay not to do your job. That's what it seems like. And I think the timing is really poor. I think it's just going to make things worse in this country. I think people are already at each other's throat. Thank you for sending to me. I just got your text. I will look at that later and perhaps we will talk about this again next week.
So. And I just, you know what? The whole thing stinks. And I hope that they bring Mark Mark Kelly. Is that the astronaut's name? I hope they bring him to trial. And I don't know, I just. I have so much passion against it. And I know part of your job is to fight me on everything, so good for you. I'll read that later. Anyway, back to Somalia.
So here's something I read.
I got this on x dot com. I'm giving you the source on purpose because I don't know this guy. Jim Ferguson on X. Put braking.
Major US Special Forces operation now underway in Somalia. Confirmed reports indicate that American Special forces have launched a major ground assault against the Islamic State Somalia province ISSP in the BAAL Balade valley of Puntland. All right, I'll stop reading names that I can't pronounce. Basically, this is not a drone strike or an advisory rule. We have boots on the ground in Somalia. So don't forget. You know, I mean, it's been a while, so you may have forgotten. We still have issues where we are directly involved with Israel and Palestine, Russia and Ukraine. We bombed Iran this year, so we're involved there. Venezuela, we are still probably going to regime change. Maduro out now. Somalia now I have that. Okay, so all the fraud in Somalia, all the money that's going back to the families, you know, the poor people in Somalia, the war torn poor people. Is it going to ISIS, too? Is it going to the Shabbat? Is that the name of the Al. Al Shabad?
So, you know, me and my little tinfoil hat, I put numbers together and if they don't make sense, I call them out. So I think the Somalia story is bigger than it's. I think the US having troops on the ground there, if that is in fact true, coupled with the fraud in Minnesota, if all that comes to light, there's one step closer to possible problems in our geopolitical landscape. And yes, that is one of our ten pillars.
Oh, man, my adrenaline is going today. Why don't we switch gears again?
[00:46:45] Speaker A: Let's get to something that happened last Friday. That last Friday was the Friday after Thanksgiving. So you were probably, you know, tryptophan.
[00:46:54] Speaker A: Satiated, sitting on the couch watching the Chicago Bears be beat the reigning super bowl, the Eagles. So, boy, what a day that was from anybody from Chicago. I don't care if you're a bandwagon fan or a hardcore loyal Chicago Bears fan. That was a wonderful day. Because if you're still saying that, well, they've played easy teams and they just, you know, the nine games they've won. Baba, you know what it has to pique your interest that maybe this is their year. First time since 85 that they could actually, you know, win the Super Bowl. They went to it once since 85, where they play the Indianapolis Colts anyway, so it's kind of exciting. They do play. I won't say the P word. They do play the team from Wisconsin this weekend. And I can tell you, as a Bears fan, born and raised, you can lose every game of the season as long as you win two.
You can lose 15 games.
[00:47:52] Speaker A: Preseason and Raider, you know what, you have to win the two games in Green Bay and Chicago with that team. So Bears, I wish you well this weekend. And by the way, side note to all this, you know, I'm a conservative financial advisor in Sun City, Arizona. And yet I have a little money on no spread, no point spread, no under, over. If the Bears win the Super Bowl, I'm going to get $16,500. So when the Bears win the super bowl, you know, join us at West Valley Men's Networking on a Tuesday. I'll. I'll pay the bar tab, whatever, whatever. But I'm going to feel pretty good if that happens.
Sam, put. They lost to Peyton Manning and the Colts in 2007. Yeah, that's true. Prince. I didn't know that Prince did the halftime show that year. I don't remember that.
Anyway, moving on. Last Friday was the Friday after Thanksgiving. And please tell me, Sam, this is on your card. And Anthony, I hope you know this. As a financial advisor, have you ever heard of the Chicago Mercantile Exchange?
You've heard that name, right? CME do either of you, I'm going to put you on the spot here real quick. Anthony, I sent you the article, so you probably know. Did you hear what happened last Friday?
[00:48:58] Speaker C: No.
[00:48:59] Speaker A: Okay, you're. Oh, you're both shaking your head now. So that means. Anthony, you don't read the articles I sent.
[00:49:03] Speaker C: So you sent it last night and other stuff to do.
[00:49:07] Speaker A: So I want you to stay up all night when I send you something. I don't care if you get less sleep because of it. If it has my name on it, you need to take it seriously.
So anyway, so last Friday, you know how I've been railing lately about the cloud? You know, we have all our faith in all our digital entire lives because we have the cloud.
And I've harped to you that there's no cloud. It's a computer. It's a bigger. It's a bigger computer that you have. So you're paying somebody to store your stuff on their Computer Sam put Man yells at cloud that is so likely to be me. And I don't mean years from now. I mean like this afternoon I'm going to walk outside and be angry with the cloud and start yelling at it. Get off my long cloud, get off my sky.
Anyway, so I've been saying that, you know, I think the chance of a solar flare, emp, high altitude emp, cyber attack, power grid failure, I think all of that's kind of high. So we had in the CME last Friday a 10 to 11 hour shutdown of the CME.
That's what handles the commodities. So in case you're not sure what that is, I have two articles here I'm going to read a little bit and then we'll talk about it if you too wish. If not, we move on. So one is from a I n v e s t.com a I n v e s t dot com CMA. CME. Not the CMA. The country people were fine. You guys are good. The CME outage and its ripple effects on silver trading. You need if you haven't, if you're not familiar with this, look up what happened with silver last Friday.
The outage on November 28, 2025 marked one of the most significant disruptions in global financial markets in recent history. Caused by a cooling system failure at Cyrus one C H I I Data center in Chicago. So there's bare fans. The outage halted trading on CME's global platform for over 11 hours, freezing price discovery for critical assets like oil, gold and US treasury futures. For silver traders, the event exposed both fragility and a resilience of precious metal markets, offering a case study in volatility and and recovery amid systematic infrastructure vulnerabilities. The outage triggered abrupt price swings in silver, a commodity already in a bullish phase due to inflationary pressures and geopolitical uncertainties.
Let's see. I once again, I mean I have highlighted so much in these because they're very important, but you need to do your own research. Don't just trust me.
So they said it was due to a cooling issue at Cyrus one. You know what I looked into after that? After I first heard about this last Friday, one of the things I looked into redundancy, backup generators, backup power, backup coolers. I looked into the fact that it's so unlikely that this was just a oops, you know, almost a half a day long oops. Silver was breaking out when this happened. Silver has been on a tear. Silver this morning is having a little correction it's still like $54 on the 4th of December. So maybe they did this to throttle it back. Maybe this was the plunge team of the commodities market.
And you know What? I know 90% of people that are hearing this are like, so what? You know, it shut down, it went back up. It's just, it's every single thing that I, that I find is like, what the heck? There's so much I can't understand. And this really, this is a way bigger deal than the media is making it because after the original stuff I read and trying to find a few things for the show, it didn't get any attention. So anyway, let's see here a couple of things I'll read here. Just from the other article due to a cooling issue, blah, blah, blah. The exchange clarified that the disruption was technical and not related to market volatility. I call bull on that. However, traders online didn't buy it entirely within minutes X, formerly Twitter, was filled with posts from analysts, gold and silver commentators and retail traders pointing to the timing of this halt. Silver smashes $54 and CME goes down. Huh? Coincidence.
CME never goes down. And it happens on the day that gold and silver are about to break out.
Paper silver manipulation is real. They halted it to cool off the market. I don't know, I heard some people that were more conspiracy conspiratorial that said they did this to hide something that Jamie Dimon might be doing. Allegedly. Allegedly. J.P. morgan. James, we know there's no manipulation. Allegedly. So. Oh my gosh, we're almost out of time. Sam. I got like seven more articles.
We need a six hour show eight days a week and then I'll be happy. So. So I guess you know the other stuff I was going to talk about. Pipe bomb suspect arrested this morning from January 6th. Fuel standards relaxed. A lot of it would have taken me more political than we need to be. So I'll end before I turn over to Anthony by saying now is the best time in about the last 16 years to come in our office because safety is good, it's strong, safe products are paying really well. We want to make sure you get ahead of the curve on your risk management and that sort of thing. I dropped the mic and give it to you, Anthony.
[00:54:27] Speaker C: Well, 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 your personal financial situation, you reach out to us@team anothermoneyshow.com or find us on the web. Anothermoneyshow.com Check us out on YouTube phone number 623-523-0444. That number again is 623 52-30444. Check out Junior on Joe Jaquin Show 9AMs at 10:10am Remember, if there's if you want to reach out to us, you want to sit down with us, there's no minimums, there's no cost for an appointment. It's nothing really to lose by getting a second opinion on your financial situation. We'll see you again next Saturday at noon. And for those few of you at 5 5am right here on 960 the Patriot.
[00:55:21] 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 offer 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.
