Do American Taxpayers Deserve a Refund?

[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. rochford. [00:00:42] Speaker C: Here we are, your hosts, Anthony Correo and JR 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. We're aware the last thing you need is another money show, but we appreciate you being here. [00:01:02] Speaker D: We are little fish in a great big pond, so we not only appreciate you, we rely upon you. So thank you for being there for us. Got a quick shout out for you. I don't. I want to make sure I don't miss this. So if you were here with us a while back, we had Joe Jaquent on the show. Joe is from the Patriot Trading Group. He's on Monday through Friday on our sister station Family Value Radio. So he's coming back. He's going to be on, let's see here, March 8th, Saturday the 8th and March 9th. It'll re air Sunday at 1 on 960 the Patriot. And Joe is not a wallflower. Joe is the only one I know that can go longer than me to answer a question and have just as much passion. So if you didn't catch our first time with Joe, you might want to check this one out. It'll be pretty good, I assure you. With that said, we like to let you know why we're here. Our job is to make sure you're prepared and not scared, proactive and not reactive. Sounds pretty simple. And what we do, we package information and bring it to you once a week. Our thing, we take current events because current events are likely to affect your future, your finances, your kids, your grandkids, et cetera. So as usual, we have a busy week. I'm sure you know, I'll knock something, I'll knock something out of the sky first just because it's been brought up a few times, got brought up again yesterday. There's been A little bit of a rash of plane crashes. And I didn't really want to spend a lot of time in this today, but it keeps being brought up to us. So. Yesterday another couple planes crashed in Arizona. This time it was not Motley Crue's plane. It was some unknown strangers plane. But. And I shouldn't chuckle at all because this, you know, I think two people passed away yesterday. So actually it's not really, it's not really a laughing matter. What's going on, though? I mean, is this, you know, you hear about dei, Is this, is this because of hiring practices? Is it just, you know, what happens? Is it poop happens? You know, we had, we had a person in the office yesterday, Anthony. I don't know. You weren't sitting with this person, so I don't know if you heard it, but she, she was asking if this is intentional. So talk about conspiracy theory, tinfoil hat stuff. I mean, she, she was saying stuff that piqued my interest. You know, is it possible that some of these are on purpose and they want to, you know, give us a little bit of fear of flying? Boy, talk about something that would, would bring the economy to its knees. If we can't, you know, rely on air travel, that. That's going to slow people down from moving around. [00:03:42] Speaker C: So I spent a lot of time bailing them out. So I can't imagine there some secret plan to kill off that industry. [00:03:50] Speaker D: Well, I mean, why can't you see that? I mean, in what way can you not see that they, you know, bailing them out? Doge is going to get to the bottom, all that? So we'll get to that today, of course, because that's still the big grill in the room. But I don't know. I mean, weirder things have happened, you know, I mean, we're waiting for the Epstein list and the P. Diddy party list to come out. Got a, got a saw email this morning about the JFK files are being released, and there's. There's some information on that. I mean, weirder things have happened, so. And I know it's unlikely, but we're up to like, what, nine or ten planes in the last two and a half weeks? I mean, what. I don't know. So I don't know. And Sam, before we started recording, you brought up the fact that, you know, is it just because the media is shining a spotlight on it? You know, I mean, are there always a trickle of plane crashes, you know, different levels, that one with the helicopter hitting the other one and like, you know, 68 people dying, that's. That's a big deal. But are there plane crashes regularly and we just don't zoom in on them or what. What's going on? So, I don't know. I mean, there's this one yesterday, two small planes, but it's. That it keeps happening. That is kind of weird to me. So we'll see. So. And I've always been told that air travel is so much safer than ground travel. And when you hear people talking about car accidents and how often they happen and how severe, you hear about how safe it is to travel in the air. I mean, I don't know right now. If I was, if I had a trip scheduled in the next weeks or months, it would cross my mind, am I sure I want to do this? Would it yours, Anthony, or. [00:05:28] Speaker C: I've always hated flying, so it doesn't matter to me. [00:05:32] Speaker D: And you hate flying or you have some trepidation, are you scared to fly or you just. It's awkward. I mean, what, what do you mean? [00:05:39] Speaker C: I mean, I don't like being in the air, especially if I'm not in control of what vehicle I'm in. So I've never, like, I don't love. [00:05:46] Speaker E: The idea of being in a speeding flying tube in the sky. But air, air travel is, air travel is super convenient. Like, I'll be going to Boston in April. It's going to take me two hours. It's going to be pretty painless, you know, so it's, it's convenient. So I'll deal with it. [00:06:08] Speaker C: Yeah. When I go to Salt lake, it's a 10 to 12 hour drive, depending on how much time I take. Or it's a two hour flight, but two hours before the airport, traveling an hour, doing all that, you know, it's probably five or six hours of my day. I'd much rather just get in my car. [00:06:25] Speaker D: Yeah. [00:06:25] Speaker E: And if you want to go to Europe, like, is that like pretty much your only option? I don't think there's commercial options for taking a boat across the pond anymore. [00:06:36] Speaker C: Get a freightliner, cargo ship, hop aboard, just go through the Panama Canal, get there eventually. [00:06:43] Speaker D: The Americana Canal is. Aren't we going to rename that? [00:06:47] Speaker C: Yeah. So going through the Gulf of America to get there. [00:06:51] Speaker D: Right. So I, I guess, you know, I mean, people can figure out for themselves if they think this is a big deal or if it's not. Time will tell, too. I mean, if this keeps happening, you know, the, the Alaskan airline that slid upside down. I did, you know, the conspiracy Theorists that know that I'm, I'm one of their, their brothers. I got a bunch of stuff sent to me about how the, how the airline that they contracted with had videos out on how they want unmanned aircraft. Did either you hear about this? They, it was an all female crew, pilot, co pilot, crew and they basically were saying that women can do anything that men can do. They had a couple videos on Tick Tock that showed them like singing and being like, we don't need no man. It's like, well that, that doesn't help the cause of, of, you know, ruling out the fact that pilots need to be ultra qualified. And I don't, I mean I'm not a pilot. I never went to flight school. It seems to me like it'd be fun, like it'd be easy if you can drive a tractor trailer or an RV or a sports car. If you can play video games, can't you learn how to fly a plane? So I don't know, I mean, should it be a gender specific occupation? I, I don't know. I don't care about all that. I want the most qualified person. If I'm taking an Uber, I want the driver to be highly qualified. Don't care what gender, don't care, but I want them qualified. Same thing with the airline pilot today by the way, as we record is the 20th of February, we have a couple newer things to get to. I will tell you, we don't do a very good job with something. Once in a while somebody says to me, well, you know, do you guys do this or do you guys do that? I need to make sure that, you know, this show is about current events. But we also, we have a financial firm, we actually help people with their finances from A to Z. We help people. We start out by getting to know people. We do a full financial needs analysis. It's very non threatening, it's at no charge or obligation. And it's just, we sit down, we know what questions to ask you to start figuring out where you've been, where you are, where you're trying to go. You know, the person that just asked me a question asked if we do life insurance and I was like, well yeah, you know, I mean we do, we do. We're in Sun City. So some of what you know would come our way is grandchild gifting, you know, legacy planning, you know, change the future your family with life insurance. That's one way to get ahead. But we're full service. We have a partnership with an attorney if you need to do A will or a trust or estate planning, we've got several, but we've got one main go to, you know, we've, we've got referral partners that do property and casualty. If you need a good insurance broker, we've got a name or two for you. So we, we help people with anything financial. So and we do have clients from all walks of life. I mean if you need somebody that, you know, sells cars or whatever, we're going to have somebody for you. We're going to have somebody that we can lead you to, you know, give you a referral instead of you having to go on the Internet and search. So, and we are a different animal. I mean, if you want a more personal financial experience, if you've been with some of the big wirehouses or some of the big banks and you weren't positive that they cared about you as much as you care about your own money and so forth, give us a try. I mean, you know, when you're dealing with a fourth generation fully independent family practice, it's a little more personal. We're going to get to know you, we're going to make sure that we're always proactive and not reactive. So I want to make sure I knock that out today because I was shocked by the person that asked me if I do life insurance. [00:10:32] Speaker C: Well, we had a whole episode dedicated to it too. [00:10:34] Speaker D: We've done a couple, if you go back three years ago when we started, you know, we didn't know what to do. We did this evolved into current events. We started thinking that it would be all financial. So we talked about insurance, we talked about long term care planning and how you have options over just paying, you know, four or five hundred bucks a month for traditional pay long term care insurance. We talked about that and then yes, we have sprinkled in over the years that we do life insurance planning. Our big number one push is income planning. That is our number one push. But we're a safe leaning practice. We believe you should protect and grow in that order. So we know both sides are important. But I look at days like today, the Teflon Dow is having a rough one today. I have been saying again for the last few weeks the 30 companies that constitute the Dow Jones Industrial Average, there's cracks in it. You know, things are super uncertain during the November election. Half the country jumped for joy, the other half, you know, freaked out. Nothing has really changed though with the uncertainty in our near term, medium term and long term future in this country. So we're very wait and See time in our, in our history. So we brought up the word the plunge team. It's probably been a year since I said that. We've brought up all kinds of terms that you need to know about before things get sketchy, not after. So, plunge team, I'm going to bring it up again today because I feel like if anything right now that the market, you know, you know what happened today on the 20th? Walmart. Walmart's numbers didn't come in exactly perfect. You know, this stock market, any variance on perfection is going to. It's very likely that we're gonna, we're gonna have a reckoning. I mean, you look at these PE ratios that are so out of whack, you know, when, when you look at the 15 year run up in the financial markets, there's just no justification, you know, if five or six stocks are floating the S&P 500, there's no justification that this is a healthy, strong market. And you know what a healthy, strong market needs on occasion? A correction. We need to cycle. You know, I mean, I say it all the time, if you're having a good day, do. Don't get too cocky. Tomorrow might suck. And if you're having a bad day, hang in there. Tomorrow will be better. That's just how life works. So we want to make sure you're ready in case the financial markets start changing, which I believe they will. It's funny because, Anthony, you said something in the office interesting yesterday that I overheard. You know, we have kind of a small office. If you've been there, you know, it's. We don't have one of these beautiful, you know, entryways and conference rooms with a mahogany table and the little speakerphone in the middle. We are a normal office. We even have an office dog. If you're setting an appointment, we try to bring that fact up. So if you're not a fan of dogs, we make sure the office dog stays at the office dog's home that day. But anyway, you had said to somebody that you've been in financial planning as long as you were an engineer. I mean, you're a young man, but apparently you were in engineering for seven years and now you're in financial plan planning for seven years. It's funny because the seven years that you've been in this job, you have seen, you have seen the biggest black swan event in the history of our country and our world being Covid. You've seen interest rates shift. You know, we had 15 years of no interest rates. You got to see quite A shift. You saw when you came in, people getting 30 year mortgages for two and a half to 3%. I mean, you've seen so much in this seven years. You know what you haven't seen a good correction. You saw a little bit in 2022. You saw, in March of 2020, you saw a serious V shaped correction. You have not seen anything normal. And I say normal because in my time in the office since the late 90s, I got to see the tech bubble, I got to see a plane hit the building. I, you know, that was a big black swan, you know, when the Twin towers went down, I got to see 2008. Those are normal. Nothing stays the same. So I think what we're building up for, when you finally get to experience your first sustained correction, it's going to be a doozy. And when you look at the default rates on auto loans, subprime auto loans, credit cards, when you look at everything that's going on, it ain't good. Is that proper grammar? It ain't. It's not good if our teachers are listening. So I don't know, I just. It really hit me last night. Seven years in this job and you've never really seen people get super nervous. And I hope you never do. I hope we make it forever without people having to go through what they did in 2008. I just don't think it's likely. And I think we're on the verge. We shall see. So should we get into some of the articles or what do you want to do? Anthony, what's on your list for today? I love the fact that you gave me some articles last few weeks, but then this week you gave me none, so I thought maybe. [00:16:05] Speaker C: Nope, someone's got to work in the office. So I've got nothing for the show. [00:16:10] Speaker D: Wow. Why do you bring Macy into this? Already thought it was you and I talking here on the show. [00:16:14] Speaker C: She doesn't listen. [00:16:16] Speaker D: I know. Can you imagine, can you imagine how hard it is to get people to listen to us if we can't even get our own little Macy to listen? Her husband listens. If you remember the name Michael C. From Sun City, he listens. He actually gave us an article this week, so I got a couple people that gave us an article. Michael C. Will get to yours in a minute. I'm going to get to one first that we got from Leon. We have a listener named Leon and he sent an article that I'm pulling up. It's. There's. I don't know if it's interesting or not. No offense, Leon. I mean, I read it a couple times. Like, why do you want me to go over this? I should have called you and said, what do you want me to focus in on this? It's from a publication called headline USA. It came out on this 17th of February. Says here Americans ran up even more debt to pay for Christmas. Well, I mean, they kind of do every year. There's a swath of this country that they, they make sure they have a good Christmas for them, their family, their kids, themselves, and then they wait for their tax return to pay off the credit card debt. I mean, I've run into that over years. It's funny because, you know, this is pretty normal. Well, something weird. I'm always saying it's the quiet before the storm. I think things are way too normal out there considering so much is going on. And this article, I guess the reason Leon wanted me to bring it up was to point out to the fact that everything's not as it appears right now. So this article, Christmas 2024, was brought to you by Visa, MasterCard, etc. Was this the last gasp of an American consumer buried under mountains of debt? Retail sales were strong in December, up 0.7. Is that what we consider strong now? 0.7? Economists and pundits land lauded the strength of the American consumers and their willingness to spend for the holidays. But based on the December Consumer Credit Report, much of that spending was put on credit cards. That doesn't exactly scream strong. After falling off a cliff in November, consumer Debt grew by 40.8 billion in December, a 9.6% increase, according to the latest data by the Federal Reserve. One more thing I highlighted here. Revolving credit, primarily made up of credit card balances, grew by 18 billion in December, a 20.2% increase. Don't forget kids too. On these credit cards, the average interest rate is over 20%. You know, I, I mean, unfortunately I get to see some, when I look at people's statements that are like 25, 26, 28%. So if you put Christmas on your credit card and you're not able to pay it off, that's some seriously expensive. I mean, that's, that's some loan shark stuff there. [00:19:18] Speaker C: Earning nothing at your brick and mortar banks, right? Bernie and Trump are going to drop it to 10% though. [00:19:25] Speaker D: They'll get to it, don't worry. I love the fact that Bernie and Trump can do anything together. I think that's awesome. So, I mean, I want to see him play pickleball. I want to See them go on the Masked Singer. I got so many things for those two to do when they get to be really close and tightly knit. Anyway, so Leon, this article, I guess what you're pointing out here is what I'm saying all the time, everything looks okay. On the surface, I'm not so sure it is when you peel back a layer or two. But we'll see. I mean, we'll see how it pans out. Let's move over to something interesting. Gold, Gold is on a tear set another all time high this morning as I was listening to Joe Jaquent show for a few minutes yesterday. The S&P 500 yesterday closed at an all time record. Gold hit an intraday record yesterday. It's at like 29. What is it, 2940 or so right now. So that that sucker is going to hit 3,000 when we get Joe on the show. I need to know more, you know, why is London scrambling to send gold? You know, I mean, here comes, here comes the Doge team. There's little talk about doing an audit at Fort Knox. I think that's going to be great. Are we going to get Geraldo Rivera? Is he going to come out of retirement and do the big vault opening? You, both of you are probably too young to remember that, but Geraldo Rivera, he, he made quite a name for himself. He did this big hype build up about going into like a safe or something of Al Capones and it all the build up to seeing this thing and then it turned out it was empty and it was like this big lead up and then it just fizzled out. By the way, I mean, over the years I've listened to that guy and I've tried to have some appreciation for him. Never was able to. I'm not a, I'm not a Geraldo Rivera fan, I guess personally, but I think he should be involved in this. So the Fort Knox, apparently it hasn't been reviewed since 1974. [00:21:27] Speaker C: So what happens if they look into Fort Knox and find out that we don't actually have any gold? What does that do to gold pricing? [00:21:34] Speaker D: Well, I mean I, you know, Joe talks a lot about a revalue coming up. So if there's no gold in there, that would revalue it much higher. I'm my guess is scarcity. The law of scarcity. Gold shoots up to the moon. That's my guess. I think that's a great question, you know, for next week. I don't really know. I don't know. I mean the, the stuff with Doge Again, we're going to get to it in more detail. This is all really, really shaking this country. If you add to it that Fort Knox has gold bars that are, that are metal but they're painted gold. If they have stuff that's fake, if it's primarily empty, there's like 15 different storage areas. If it's empty, this could crater this country. My hope is it's not empty, it's completely full. The serial numbers match up, none of the bars are painted and we go gold back. Let's tell Bricks to go to you know where and become a strong nation again financially. But I, I don't know. So this article Zero hedge on the 17th. Let's do it. Rand Paul supports Fort Knox physical audit after Zero Hedge Suggestion goes Viral I did not know it was zero hedges suggestion. One of the biggest questions over the past 50 years is whether the gold at Fort Knox, Kentucky is really there or if it's been plundered. What we do know is that the last audit of America's gold stash was conducted on September 23, 1974 when the US treasury opened just one of its 15 vaults at Fort Knox so politicians and reporters could swarm the site for a two hour photo op with roughly 6% of the alleged amount held. Adding to the complete farce, none of the bars being passed around for the cameras were matched to a serial number aside, I was going to look that word up. What does a side mean? Or tested for purity or even verified as US holdings as foreign countries have previously stored their gold at Fort Knox as well. So it's been a while. If you have Fort Knox, if you have this huge gold depository and Bricks is talking about being gold back, why aren't we auditing this every year? I'm completely lost. So apparently we've tried. Further in this article, various efforts have been raised to audit Fort Knox. Most recently in 2021 when Representative Alex Mooney out of West Virginia introduced now dead legislation to audit America's gold holdings with full ASAI inventory and audit of all US Gold, which would include a full account of gold transactions undertaken by the US Government. I'd love to know that. Did we give gold to other countries? In 2010, former libertarian republic Ron Paul called for an independent audit of Fort Knox. It would be nice for the American people to know whether or not the gold is there, Paul said at the time. So last thing on this article, Musk and team need to get to the bottom of just how deep the rot goes. So apparently Rand and Ron Paul, Donald Trump, Musk, apparently they're all on board with doing this. So I think soon, in the near future, we're going to have some answers. How it affects gold prices, how it affects the faith, the, you know, they always say the full faith in the government. This is going to be interesting. And it's just, the timing is perfect. In my entire life, I have never seen a time where the country has been so shaken up and things being unraveled and rooted and uncovered and it's just, it's really, really exciting. It really is. And watching the people that are screaming no and you know, Musk has too much control. These are the people that we've made fun of Anthony, for three years on here. These are the people that I've thought were pieces of you know what for over 20 years. These are the swamp. So I think we've already got our answer. The, the crooked halves versus the have nots on steroids. It's all being uncovered. You know what, so instead of doge giving me $5,000 in the summer of 2026, I'll dig into that in a few minutes. Instead of that, I want that money used for lawyers. I want a team of lawyers. If people have profited really, really where they shouldn't have at the taxpayers backs, I want these people in jail. If there's people that are committing treason, I want them hung. I'm not backing down from what I said two weeks ago and what I reiterated last week. I think if people are treasonous in a country that has rules for treason, bring it on. [00:26:52] Speaker B: This is another money show, except this one's different. This one's actually fun. 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. [00:27:17] Speaker D: 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. [00:27:26] Speaker B: Help you make the most of your hard earned savings using strategies that are right for you. [00:27:31] Speaker D: I want more people to sit down with us 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. [00:27:59] Speaker A: Remember all of JR and Anthony's listeners receive a free financial consultation just for listening to the show. Visit anothermoneyshow.com to learn more and schedule an appointment. Thanks for listening to another money show and subscribing wherever you listen to podcasts. [00:28:14] Speaker D: So the Doge dividend. I guess I'll talk about it while I'm there. It's going to be a little cash back for the country. They're talking about an 18 month DOGE investigation and then they're saying that what they expect to find, they will have enough to give every taxpayer $5,000. The person that first pointed this out, I know the media would not make it, you know, seem this way. It's not Musk, it's not Trump. It's a man named James Fishback. James Fishback is the CEO of an investment firm called Azoria. So he is an advisor to Musk and the Trump and the, you know, Doge team. It's, it's growing legs, that's for sure. I mean, I'm a fiscal conservative person, so I would rather see them take every dime of savings, every dime of slime they uncover and pay down the 36.4 trillion in debt. I really, really want this country for you, Anthony, and you, Sam, and my other kids. I want to balance our budget. What bothers me if we're all going to get $5,000 next summer, you know what that says to me? It took, you know, the 50 years to, to. For somebody to say, hey, we're going the wrong way, we're going to fix it. But does that mean that my taxes have been way higher than they should have been my entire work in life since I was 16? I mean, perhaps we should have had a savings of $5,000, you know, a year in our taxes instead of one lump sum of five grand. Sam, put something. Social Security is what Social Security, the big Ponzi scheme. You know, instead of being run dry in 2033, maybe, maybe the Department of Government Efficiency is going to salvage Social Security for me and you guys. Maybe they're going to salvage things like VA disability. You know, what they're going after next, right? I mean, they're in the IRS right now. They're talking about going into Fort Knox, you know, and they're overlapping all this. So it's just too much for people's heads that are exploding to understand. They're going into the EBT system, they're going in the food stamps, they're going into people on disability that might prevent, perhaps be faking every single thing is being uprooted, and I am giddy like a small school child. Sam, what is the Alaska Permanent Fund? I am not familiar with this. [00:30:25] Speaker E: Yeah, so this is basically if you're a resident of the state of Alaska, and I believe they do this for minors as well. Except I don't know if the minor gets the money in an account or if it goes just to the household, but every resident receives a dividend, essentially. And this is coming from, I believe, like, oil and gas proceeds that they're able to pay this out. And I'm just looking at Wikipedia's records of recent payouts. The most recent one they have numbers for was, it looks like each citizen or resident, I should say of Alaska, got about $3,400 in 2022. So there is, like, precedent for something like this, and I think it would be one. It'd be a way for the Trump administration to really, really gain the hearts of. Of a lot of Americans who may not have been persuaded thus far. I mean, if it's taxpayer money and we're saving it, why not give some of that back? Why not give out a bit of a refund, a rebate, if you will. [00:31:24] Speaker C: Yeah, sounds like socialism to me, Sam. Take all this money from the government, and then it's going to be distributed evenly to everybody else. I had no idea. Such a communist radio station we've got here. Jeez. [00:31:36] Speaker D: Wow, Anthony. Way to come out of your shell, turtle boy. Yeah. This is universal basic income, Sam. We're against it. We think all this money should go to Ukraine. Still, even if that's over, I'm sure you both heard that Trump is going after Zelensky pretty hard. Rightfully so. They can't find half the money. [00:31:53] Speaker E: I didn't hear about that. [00:31:54] Speaker D: Oh, yeah, yeah. Trump is basically saying how feckless and worthless that guy is. And, you know, he was a failed comedian and dancer before he became such a powerhouse on the global stage. [00:32:06] Speaker C: Trump had a reality T TV show, too, right before this, so it's really hard to. [00:32:11] Speaker E: Wow. Yeah, that is a good point. What a meeting of the mind. [00:32:15] Speaker D: Hey, boomers and millennials or whatever you guys are, I got a question for you. Did our government give billions of dollars to Trump or did his TV show. I mean, at some point, I don't think he had bio labs at his TV station. I. I don't think he had. [00:32:30] Speaker C: He was smart. Sounds like he's a bad investor. I. Again, I don't know if I can trust him now. [00:32:35] Speaker D: Well, let's get Rand and Ron Rand And Ron Paul, father son team. You know, you and I are father son team, financial advisors. Let's get a father, son, president team. Next. [00:32:46] Speaker C: Didn't he run? When was that? I think it was in college. 2008. Ish. [00:32:50] Speaker D: It's been a while ago. 2008, I mean that could be. Can't remember. [00:32:55] Speaker C: He ran the whole thing was running against destroying the Fed. He may get his wish now. [00:33:00] Speaker D: Well, and you know, destroying the Fed, I mean, if we get rid of the Federal Reserve, I mean, I don't know. I know that I probably shouldn't bring this up. I'm still worried about Trump's safety. Now I would actually add Musk's safety, physical safety. It was a simpler time, but the general consensus is that John F. Kennedy, he was killed, so he wanted to get rid of the Federal Reserve. He wanted our country to be strong and not slimy. Well, that's what Trump wants. So he. [00:33:32] Speaker C: Speaking of conspiracy theories, what was the one about the Titanic and all the people that they put on the Titanic that went down that were. That wanted to do something? Have you ever heard that? I heard it in passing like a year ago. And I'd never heard that one before. [00:33:46] Speaker D: No. [00:33:47] Speaker E: But I, I love it as a premise and I'm not a conspiracy guy, but I love that. Like I can already see this documentary forming itself. [00:33:54] Speaker D: No, there is something, a group of. [00:33:56] Speaker C: People that wanted to make some sort of change. So they all got free tickets onto the ship. And then you know what happened after that? [00:34:02] Speaker E: They wanted to kill Leo. [00:34:04] Speaker D: Poor Leo. [00:34:05] Speaker C: They just wanted to make an amazing movie in the 90s. So all of that was all set up to just make amazing Hollywood movies. [00:34:12] Speaker D: That movie, by the way, that movie was way too long. There's only one good part was two VHS longs. That's too long. [00:34:20] Speaker C: Do you remember having to switch out the VHS on those? [00:34:23] Speaker E: I remember checking it out from the library. And like that was kind of part of the appeal that you're like, this is a serious movie. Like, this is a, this is a grown up movie. Because it takes two to see this thing. [00:34:35] Speaker C: Same with the Green Mile. I remember that one as well. [00:34:37] Speaker E: Be kind, rewind. Remember that? [00:34:39] Speaker D: Wow, you guys are, you're older men trapped in younger dudes bodies. You shouldn't remember. Be kind, rewind. [00:34:46] Speaker E: I remember vhs, like DVD wasn't out when I was a kid. [00:34:51] Speaker D: Wow. [00:34:52] Speaker E: I mean, eventually it came and then Blu Ray and then, and now we just watch everything else. I remember we had a, My dad got us a Netflix subscription when it was like, you would get DVDs in the mail. [00:35:07] Speaker C: Years into streaming. Like, Netflix had, like, one customer that still rented DVDs, and it was Junior. Yeah, it was streaming for, like, years, years and years. And J.R. still had the DVD rent. [00:35:21] Speaker D: And I miss it. I still miss it because it forced me every weekend to slow down for a couple hours and watch a D dvd. I had the unlimited plan. Then I went down to, like, the six movie at a time plan. Then I went down to, like, the three. Then I went down to where, like, you have to send one back to get a new one. And it was. They were so fast. You sent it on Monday, they get it on Tuesday, you have the new one on Wednesday. And the following weekend I would watch the movie. I watched one movie a weekend for years at the end of that plan. And then I finally, finally went to prime and Netflix and all this horse. You know what? Then? You know what? [00:35:54] Speaker E: Now all those discs are just garbage now. [00:35:56] Speaker D: Well, I mean, I still have a huge collection of DVDs. Although I have a huge collection of VHS movies. Not huge, but, I mean, I've got bins full. I still have probably 100 of the little Betamax movies. Beta was what TV stations use. When VHS came out. It was lower quality. You know, VHS wasn't as good as Beta, but it was cheaper. So they. So I still have Beta movies. [00:36:21] Speaker C: VHS is. When they came out, like, 70, 80 bucks a pop, too. And that was $30 or, you know, 30, 40 years ago. So 70, 80 bucks was significantly more expensive. It's interesting. [00:36:33] Speaker D: And I don't remember them ever being that high, but I know they were crazy. I know my very first CD player, it was like a portable CD player. I don't remember exactly, but I think it was like, 150 bucks. Living in Florida, I was living large, playing CDs when only a few existed. [00:36:51] Speaker C: Well, good thing that we've got Chinese, you know, child labor, building all these electronics for us now so everything's cheaper. [00:36:58] Speaker D: We have sweatshops in China to add to our convenience. [00:37:01] Speaker C: Why can't we just all be thankful? [00:37:03] Speaker D: We are all thankful. So, yeah, I know that. I like to hang on to things I wouldn't call myself. I'm definitely not a hoarder, because you can walk around. No, I'm not. [00:37:12] Speaker C: You don't have to call yourself that. I will call you that. [00:37:14] Speaker D: Big difference between a pack rat and a hoarder. And I'm definitely a pack rat. You know, there's not stacks of newspapers. There's certain things I do not want to let go at work. I. When you got there, I cleaned out half that office. I became half a pack rat at work. I do have bins of VHS tapes and of Betamax tapes. [00:37:32] Speaker C: They're making a comeback. [00:37:33] Speaker D: Well, I mean, look at. Look at you with albums, you know, I mean, I had a ton of albums. I had 78s, 40 fives, 33 and a thirds I had. [00:37:44] Speaker C: Showing off all the numbers, you know? [00:37:45] Speaker D: Yes, I know a lot of words too. And today I'm going to use every single one. Miss you, Garrett. [00:37:50] Speaker E: It is a nice vibe. If you ever go into like an old dive bar or something and they've got that older quality tv, but it's still like playing a baseball game or something. It. There is a nice feeling to that. [00:38:00] Speaker C: Those grimy, pixelated baseball games. [00:38:03] Speaker E: Hard to read the score. I like it. [00:38:05] Speaker D: Now you guys are scaring me. You're like older people trapped in younger people's bodies today. Kind of like it. Oh, so the last thing I want. [00:38:12] Speaker C: To do this is a nostalgia episode. Back to the good old days. [00:38:15] Speaker D: That's good. I want to get back to some doom and gloom quickly because you're freaking me out. So one of the things that I did over the years, I picked up brand new. Have got two brand new VHS players, like the big huge boxes. So one day if I go to sell my collection, they're like, well, I don't even have a VHS player. Now you do. Add a hundred bucks to the sale. I've also got a brand new Betamax player. So you're gonna see me say, they're unopened. [00:38:41] Speaker C: You have unopened. [00:38:42] Speaker D: Unopened. One. One of the VHS I know is a Sanyo. I don't even know if that's still a company, but it's a Sanyo and one is a Sony. The Betamax, the player, I think it's called Betamax is the player. So I can even play all my old movies, which is kind of cool. You know what? I don't have a record player. So let's get back. This is scaring me that we're not talking about the end of the world. I'm kind of bothered by this baseball and grainy stuff. Let's go to my most end of the world article for today. This one kind of. This one. It's in your face a little bit. This is from Fox News if you want to look it up. Make sure I didn't make this stuff up. It's from Fox News on 13 February. California Democrat says Party needs to bring actual weapons in the fight for democracy against Elon Musk. California Rep. Robert Garcia said the Democratic Party now needs to bring actual weapons in the fight for democracy. Garcia went viral on Wednesday after mocking Tesla CEO and the Department of Government Efficiency head Elon Musk during the first House Doge subcommittee hearing. Garcia, who is a member of the subcommittee, displayed a large picture of Musk and referred to it as a. It's a bad word. So I'm not sure how to get around this one. He referred to it as a pick. I'll say the word Richard Pick, which you're a representative of the state of California wearing a suit and tie and you are going to be like a child like that. I mean, yeah, not, not exactly adult life, but anyway. [00:40:19] Speaker C: So you yell at him even though Elon changed his name on X to Harry Balls. [00:40:25] Speaker D: I thought that was one of the young workers, that one of the young autistic geniuses that's doing. I thought Mr. Balls was a different person. I didn't think it was Musk. [00:40:34] Speaker E: I mean, if you're going to go around Washington D.C. calling people names, though, you're going to have to do better than that. Like Donald Trump is the best name caller in dc, Right. [00:40:43] Speaker C: The greatest is pretty great of all time anyway, so. [00:40:46] Speaker D: And let me continue because the fact of this wasn't his language so much. So I think Musk is also harming the American public in enormous way. Why? By uncovering your filthy ways. Sorry. Garcia said. [00:40:59] Speaker E: Such a quality printout of that image to like, did they get go to like FedEx to get that printed? Very impressive. [00:41:06] Speaker D: Kinko. Can we. We need advertisers still. They went to Kinko's. So Garcia said, and what I think is really important and what the American public want is for us to bring actual weapons to this fight. This is an actual fight for democracy and the future of this country. So correct me if I'm wrong, but like when Sarah Palin said some thinking about a bullseye, everybody on the left went nuts and they said that's a physical threat. This is not a threat. You're actually asking people to pick up arms. Let's continue a little bit. Some congressional Democrats have been using increasingly violent rhetoric. Protest President Donald Trump and Musk. During a Baltimore rally on Monday, Maryland Democratic Rep. Quisaifume. Never heard of this. Rep. Pushed the idea of a street fight against Doge. This will be a congressional fight, a constitutional fight, a legal fight, and on days like this, a street fight. Yes, we will stand. Mfume said. In January, House Minority Leader Hakeem Jeffries out of New York also called for Democrats to fight Trump's agenda in the streets. According to Hakeem, right now we're going to keep focus on the need to look out for everyday New Yorkers and everyday Americans who are under assault by an extreme MAGA Republican agenda that is trying to cut taxes for billionaires, donors and wealthy corporations and then stick New Yorkers and working class Americans across the country with the bill. That's not acceptable. We are going to fight it legislatively, we are going to fight it in the courts, and we are going to fight it in the streets. What am I missing here? How are we hurting you? How are we hurting the people that get wealthy on the taxpayers dime by giving people five grand? Or in what manner are we hurting you? In what manner is uncovering this swampy ridiculousness hurting you? Let me get to another Zero Hedge article. This one is on the 18th of February. The name of it is this Might Be the Biggest Fraud in History the head of the Department of Government Efficiency, tasked with the streamline in the federal bureaucracy returned very excited to his social media platform around midnight, unveiling what might be the biggest fraud in history, Musk posted a spreadsheet of Social Security Administration data showing numbers of people in each age bucket. With the death field set to false, the data shows that 20.789 million Americans are collecting Social Security benefits over the age of 100. Drilling down into the age bucket, benefits are still being paid out to folks over 140. Maybe Twilight is real and there are a lot of vampires collecting Social Security, Musk emphasized. One X user pointed out that 2023 data showed the US population at about 334.9 million. However, Musk's data in parentheses, likely from Doge's Big Balls analysis, shows 394 million names in Social Security Administration database. So it says here yes, there are far more eligible Social Security numbers than there are citizens in the usa. This might be the biggest fraud in history. One more thing here. If Doge's numbers are right, 522 billion or a third of all spending on Social Security each year is fraudulent. A third. At a Doge press conference last week in the White House, Musk said, if money is spent badly, if your taxpayer dollars are not spent in a sensible and frugal manner, then that's not okay. Your tax dollars need to be spent wisely on the things that matter to the people. It's just common sense. It's not Draconian or radical? I think it's really just saying, let's look at each of the expenditures and say this is actually in the best interest of the people. And if it is, it's approved. If it's not, we should think about it. He added, I mean, you two. You two are young. You probably go on Reddit and things where you're getting a totally different slant than you're seeing on Gateway, Pundit, Zero Hedge, and Daily Hodl. What do you think, the two of you, about what's going on with uncovering the fraud? That's way bigger than any of us could have dreamed it was. You know, there are people. I did see the chart that Musk is talking about. It's absolutely shocking and not really in a good way. Let me see if I can pull it up here. A couple of these numbers are just staggering. People that are between 360 and 369 receiving Social Security, there's 1, 240 and 249 years of age. There's one. Let's go down a little bit. If Your age is 220 to 229, there's 1039 of you. But let's get to one that's a little more realistic. Let's get to. Let's just do a few of these. If you're between 130 and 139 years of age, there's 3,000,936 of you. If you're 140 years of age 249, there's 3,542 of you. If you're 150 to 159, there's 1,345,000 of you collecting Social Security. I want to know where this money is. Sorry. I asked you both to give me your thoughts on this, and then I went right back to my. Anthony, how do you it. [00:47:05] Speaker C: Yeah, no, I was waiting for you to stop talking so we could question. [00:47:09] Speaker D: What do you think? [00:47:10] Speaker C: Oh, he. That was rhetorical. He doesn't need me for any of this. [00:47:13] Speaker D: I do. I need both of you. Sam. Anthony, are you okay with Musk and Trump and. And big balls uncovering all this? Are you. Do you think this is ridiculous? You think it's wrong? Do you think we're Russia? What are your thoughts? [00:47:23] Speaker E: I mean, you expect there to be like, some sort of. It's not going to be perfect. Right? The IRS is never going to be able to accurately account for every tax dollar, and you're not going to be able to get every. Every dollar. Right. But you would hope that you could aim within the realm of actual possibility on, on what's happening. I don't know. I don't know what's happening. If you're, if you're 120 years old, you should get your Social Security. [00:47:49] Speaker D: Sure. [00:47:49] Speaker E: But if, but if you're dead, you shouldn't. [00:47:53] Speaker D: I love this. You articulated that very well. And if you're dead, you shouldn't. You're right. But since a lot of you are dead and you are. Who's getting the money? Where's it going? Is it going to a P.O. box? What the hell? [00:48:05] Speaker E: None of that money is getting. If those checks are getting cashed, then we've got, they're not checks anymore. [00:48:10] Speaker C: We've got a car deposit into somebody's account. [00:48:13] Speaker D: Ghostbusters. I agree. Who are you going to call? I mean, we're going to call Dogebuster. Ghostbusters. Yes. And by the way, some of our public officials are nervous. Here's something for you. This is just this week breaking news. Senior doj, that's the old Department of Justice prosecutor Denise Chong resigns after being instructed by the Trump administration to investigate Biden's climate spending. Let's get to another one. Same this week. Michelle. Oh, Sam, just put up the, I have such add. Sam, just put up the US debt clock.org where I keep saying 36.4 good news, we're at 36.5 trillion in debt. We are now at 36.5 trillion in national debt. The better news, the Doge clock is at $117 billion in uncovered possibly track that. I think it's, you know, they're saying that they're updating the website right now. I think it's twice a week. They're, they're recording what they're saving and uncovering and finding. And then they're, they're supposed to be working up to real time. So they're supposed to be getting to where they basically every, they're basically going to budget. You know, they're going to balance a budget right before our eyes. But no, this has got to be approximates. I understand that if it were me. [00:49:28] Speaker E: Like I would just be calculating. OK, okay, how much money have we saved over 10 days? And then like that's the new rate until more data comes in. But yeah, like anything else, there's no way this is down to the dollar. I mean, don't kid yourself. Nobody, Nobody. If we're doing the nostalgia episode, if you remember back to when you balanced your checkbook at the back of the book like you would hope that you would get it right, but everybody knows it was off. [00:49:51] Speaker D: Whoa, Sam. I balance all of the checkbooks I have yesterday. Some of us still do that electronic boy. I mean some of us are still old school. What I was getting at are some of these people are starting to jump ship like little rats. Also this week, Michelle King resigned for her from her position as acting commissioner. This is classic of the Social Security Administration amid the disclosures with Doge. So the head of Social Security also is probably reading this chart going, oh yeah, we, we knew there was a issue. And by the way, to you people that are freaking out over Musk, you know, being having information from the Social Security Administration, for example, just. And I know this is a meme from Facebook, so you might have seen it. And no, I don't get all my news from Facebook memes. It says here I do not want Elon Musk to have my Social Security number. Bless you, Anthony. Anthony. Bless you, my child. I only want the irs, my job, the dmv, my bank, my hospital, my university, my hunting and fishing license, the car dealership, my credit card, credit card companies, my insurance company, my mortgage company, my financial advisor. People. I'm okay with having my Social Security number because they don't want my money. Only the richest man in the world wants my money. How ridiculous. If you're watching this stuff and you're saying this is bad, if you're saying that shaking up the country, that's, that's 34.5 trillion debt is bad, I wanna, I, I need to know more. I need to know if you're one of the crooks or if you're just that dumb. I know time is probably getting to be of the essence and I do have plenty more articles, but I'll, I'll switch gears and get to one real quick. I got two versions of it. I printed out one from Zero Hedge on the 18th title being Doge finds 4.7 trillion in virtually untraceable treasury payments. Then I got one from Michael C in Sun City from Fox News says roughly the same thing. Doge says it found nearly untraceable budget line Item responsible for 4.7 trillion in payments. I will read just a hair as I always do. I'll go to the 0 hedge 1. The font is bigger. So Michael, see the font on your article is smaller. So I'm going to read mine. Elon Musk led Department of Governmental Efficiency on Monday revealed its findings that 4.7 trillion in disbursements by the US treasury are almost impossible to trace, thanks to a rampant disregard for the basic accounting practices of using tracking codes when dishing out the money. Mind you, it's not as if such a federal tracking system wasn't already in place. It simply went casually unused for all sorts of payouts, adding up to an almost unfathomable 4.7 trillion. Without treasury access symbol identification codes associated with those payouts, there's little hope in figuring out where all that money went. So our debt is 36 and a half trillion. Here's 5 trillion of it that we don't know where it went. Doge's scrutiny of various government agencies is eliciting high pitched shrieks from nearly every leftist in America. From establishment politicians who don't want the curtain that hides their hijinks and grifting torn down to your liberal sister in law who thinks the government has an endless supply of money and spends it all virtuously. Meanwhile, leftists have also been foaming at the mouth over news that those staffers are looking into the Social Security Administration's books, as if they were going to start rerouting funds to Tesla. Considering Social Security is careening towards a mandatory benefit cut as soon as 2033, everyone should welcome a team of financial professionals making sure the system isn't being drained by improper payments. Of course, that appears to be exactly what's happening On Sunday night, Musk said DOGE might be on the trail of the biggest fraud in history. So I actually did these out of order Bent on derailing doge, Democrats have sued to prevent the organization from accessing federal data associated with the Office of Personal Management and the Health and Human Services, Education, Energy, Transportation, labor and Commerce Departments. Why? Why would you block this? Fourteen states, unfortunately, Arizona, the state in which two out of the three of us reside, is one of them. We're one of the 14 states. Luckily, last Friday a judge struck this down and said, you may proceed. I guess we're out of time. Hi Anthony. [00:54:46] Speaker E: But people can listen to more episodes wherever you get your podcast. [00:54:50] Speaker C: Yes, there we go. I don't even know if you need me then. But anyways, I'll give it to you anyway. That's it for today's show. If you like what you heard. You have questions on any of the topics today? Want to sit down with us to review your personal financial situation? You can reach us at teamothermoneyshow.com set appointments with us straight from the website anothermoneyshow.com find us on the web. There are no minimums no cost for appointments. Nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday noon right here at 9:60, 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 offered through Brookstone Capital Management, LLC, BCM, a registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. 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