Episode Transcript
[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.
This is another Money Show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and JR Rochford.
[00:00:42] Speaker B: 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, a 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 are aware the last thing you need is another money show, but we appreciate you being here and soon there will be the other another Money show after Junior and I break up because we already started fighting this episode and we haven't even gotten started yet. But we'll get more into that. First off, Art, longtime listener and contributor, I forgot to bring you up last week when you hit me up about the judge situation, so I want to touch on that real quick. He brought up how it's written in the Constitution that judges aren't actually given lifetime terms. So I read into it, I looked at what he told me and you're right, it doesn't explicitly say lifetime terms, but it does say that as long as they are within good standings, they essentially continue to hold office, which isn't necessarily saying they've got a lifetime term, but it's not not saying that they've got a lifetime term. So I'm all about term limits and I think that's in every position of government. And I also think there should be age limits, but that's just me. It's not quite financial, but obviously we talk a lot of politics on this show, so I wanted to touch base. So again, thank you for your contributions, Art. We do really appreciate. So what do you got for us this week, J.R. nothing.
[00:02:14] Speaker C: Nothing. Once we said arguing or fighting, this is, it's all on you. I'm, I'm gonna leave now. I'm hurt and old and fragile, you.
[00:02:21] Speaker B: Know, continue my rant on bitcoin then. So everybody that when I said it was down 20%, it's up 10% or so since then. Did you guys Buy it. Everybody that wanted to buy it at 100, did you buy Bitcoin when it was down 20% and now it's back up. That's all I want to know. That's all I've got to say. I'm done. I'm done for the rest of the show. You can take all of it, I guess.
[00:02:44] Speaker C: I'm back. Okay. And excellent, because we are going to talk a little bit about cryptos and how the government is changing the landscape. And so we. We're actually going to get into that in a little bit. But let's start out with this. So first of all, a quick shout out to the people that are still reaching out to me saying to renew. Anthony. We got a couple messages in the office. I don't know if they're new ones or the ones you referred to.
[00:03:06] Speaker B: Those are the ones I referenced before last week.
[00:03:08] Speaker C: Okay. So nobody else called the office, but a couple people reached out to me and said, you know, absolutely, we want you to stay. So we yesterday signed the contracts to stay for six more months. Sam, the one and only Sam Davis is working about branching us out. So we're trying to get ourselves heard up in the White Mountains of Arizona. So hopefully we'll have some good news there for you in the near future. We've looked at it for a couple of years, and we're actually going to look a little closer now. So, you know, we're up in Snowflake a lot. We have a little satellite office up there. So we want to help people in show low. Heber, Overgaard, Taylor, Snowflake, Pinetop, Holbrook, that whole area. So stay tuned for that. You know our motto in this show. We want you to be proactive, not reactive. We want you prepared, not scared. So when several people give me the same information during the week, I want to start there. So we got a video. I passed it along to Anthony, one of our listeners. Deb sent it to me the same day another listener named Tim sent it to me.
So there's this. This circulating video with a woman with very red hair, and she's talking about the next financial collapse. It's very reminiscent of 2008. So I watched the video several times, and then I did what I do. I went to vet and verify, and sure enough. This video is frightening. It's very scary. Let me read to you something that I found online that kind of sums this up. I found this on a site called. And yes, I'm. And this is. I'm not making this up. Tiger droppings So I was poking around on tiger droppings, found this article from March 17th and it's called Money Talk. The article name is Back Floating rate debt. Is this the next financial crisis? Okay, let's see here. Basically, private equity is using a version of the 2008 financial crisis using a very not well known financial tool called back floating debt. Essentially, private equity has taken out low interest loans on the private retail outlets. They have a majority interest in. And as collateral, they use the retail outlets cash flow to service the loans. I need to read that one one more time. You have to kind of digest what's going on here. Essentially, basically, private equity is using a version of the 2008 financial crisis using a very not well known financial tool called back floating debt. Private equity have taken out low interest loans on the private retail outlets. They have a majority interest in and as collateral they use the retail outlet's cash flow to service the loans. So this is leverage. This is like the collateralized loan obligations, mortgage obligations, debt obligations, mortgage backed securities of 2008. And we know how that ended.
One more line here.
Just like in the 2008 financial crisis, mortgages were packaged into collateralized debt obligations called CDOs. While these private equity loans are packaged and sold to pension funds also in the form of collateralized loan obligations or CLOs.
The problem is these CLOs are filled with back floating rate debt loans, which is a euphemism for adjustable rate loan. All right, so if you've been listening to us for the last couple years, on the surface the economy seems to be chugging along, but we've talked to you about, let's name some of the companies that are in deep trouble. Joanne Walgreens, Forever 21, CVS Pharmacy, Macy's, Family Dollar, Party City, Foot Locker, Advanced Auto Parts, the. These are stores that are in trouble. Look at some of the restaurants, Red Lobster, Hooters, you name it. I mean there's a lot of problems. So if these, I won't say the word scumbags because that might have a negative connotation. So if these bottom feeders, if these people are using these companies while they're, you know, they're making profits still and they're raiding them like the movie Wall street, this is not going to end well. So the problem now versus when it was just mortgages, the mortgages was a pretty thin sector of our economy. Think about your 401k, think about your pension. You, you have this stuff in your future retirement plans. If this goes to the next 2008, it's not just going to make the stock market fall, which we believe there are other reasons for that. Going to get to some of that today when we look at next week's tariffs are coming. So this is frightening. And Anthony, you had something on this too, is that right?
[00:08:30] Speaker B: Yeah. So the woman you're referring to, I guess, is big on Tik Tok. She's got some YouTube videos. Her name's Tiffany Cianci, I think is how you pronounce her name.
So if you want to try and check her out, the last name is C I A N, C I.
But yeah, essentially what she's saying is that 2008 never really stopped, which I think we've talked about on this show multiple times. It's just not, you know, mortgage backed securities. It's still the collateralized loan and debt obligations. It's all the exact same thing. Her concern is that what, what they're doing, you know, when talking about Joann's and Hooters and all these companies that have gone bankrupt recently, is that they've been bought out by private equity firms. These were successful businesses that have essentially been stripped down to nothing to create these loans, which are now being bought out by pension funds. And if you remember, we've talked about how pension funds have something similar to protection, like the fdic, it's a public benefit guarantee fund or something, Something along that nature. I always forget the actual name, but if you remember, a few years ago, it was 63, it was 62 to 64 billion in the hole. And miraculously, overnight they were 500 million up. And how, how did they, you know, create. How did they cover such a gap in such a short time? Well, it was bailout money. Right? And we already know that there is no money. The government has no money. The banks have no money. Nobody has money. So where did this come from? What her concern is is that who is buying these loan obligations? And she's saying, and I don't know that we've been able to look far enough into this to prove anything, but what she's saying is that retirement funds are buying these. So we are stacking on bad debt. We're continuing to consolidate bad debt to spread out the risk, to make it look like it's a actual viable option. It's something safe because we've spread out the risk even though it's all trash inside of it. Again, watch the movie the Big Short. Again, Ryan Gosling's got a scene where the Jenga board and he describes how that worked in 2008, it's the same concept here.
And these pension funds are buying it.
And her concern is, of course we can't afford to do another bailout again. We're not going to be bailing out the banks. Well, we say that, but who knows what will actually happen.
We've talked to you guys about bail ins, but what her argument is is that if private equity can ruin all these businesses and essentially get pension funds to buy them out, the American public and the government is not going to not bail out pension funds. If you put all of the risk onto something that will get bailed out, you can create this bubble. You can cash in while you can and then get bailed out when the bets stop paying out. I don't know, it's something we have to look more into, but we've had a few people reach out about it, so definitely wanted to touch base on it for sure.
[00:11:44] Speaker C: Well, and things are way, way more dire than they were in 2007. 8, 9, 10. You know, I mean the fractional reserve banking system, the FDIC has 1% coverage on our money. We bring all this stuff to you. Things are less healthy than they were going into that 2008 snag. So things are probably going to be worse. And you know what, don't forget too big to fail. You remember that word, too big to fail. They picked the government picked and choosed, chose the. They would choose who got to stay. GM went away and had to restart. You know, some car companies took money, some didn't. Troubled Asset Relief Program, you brought that up two weeks ago. There is a lot to that. So are they really going to bail out Joanne's Hooters? You name it. There might be a very big different landscape coming up, so we'll see. Here's, here's a article I found. I just, I thought this was kind of fun, so I, I printed this off here, Here's a sign that we're in, in a little trouble even before this next collapse hits. This is from Newsweek. Doordash offering payment plans. I am not making this up for food delivery. Sparks backlash. This is from Newsweek. I guess they're reputable, I don't know. DoorDash is partnering with Klarna to offer a buy now, pay later option for food delivery, allowing customers to split purchases into four interest free payments. This has sparked backlash on social media with some users arguing that those who cannot afford to pay up front shouldn't be using the service and warning of potential financial hardship. Others have suggested the payment plan is a recession indicator, reflecting the financial struggles of many Americans. Klarna has responded by saying the option can prevent debt and not add to it, and that it provides customers with more choice and control over payments. I want chicken nuggets, but I don't have any money. Steve Martin. What should I do?
[00:13:59] Speaker B: Finance your chicken nuggets.
[00:14:01] Speaker C: What the heck? What did I just read? You know, when I first heard about this, I thought it was funny. When I poked around online and I found several articles. This is real. You're about to be able to make payments on your Big Mac. This is insane. Sam. Pay for one nugget now and the rest later. I guess if you buy the four pack of nuggets, you really can pay for one nugget now and then the other three installments. I mean, if you go to doordash and you have to make payments. I'm not going to say Klarn is right, that we're trying to help you manage your debt. I think you better learn how to dumpster dive. Oh, wait, that's rude. I think you better learn how to cook at home. You don't need to be tipping a driver and ordering doordash. You're in trouble, so reach out to us. We'll help you. You know, we have no minimums, no quotas, no pressure, no obligation in our office. Let us help you. Anthony, I have a bone to pick with you. Last week you said my annuities 101 was too salesy. You kind of inferred that I was a little slimy like the other radio shows that I won't mention. There's a big difference though, my dear stepson, between education and sales. I need. With this volatility, you're about to need to know your options. If this market keeps the fragile nature that it is right now, and it gets worse, you need to know you have choices. Don't listen to the guy in the blue suit, white shirt, red tie, highly polished shoes. Oh, it's only a paper loss. Don't lock it in by selling it. Shut the hell up. Where were you for 15 years? When they were making money, where were you? You weren't out there calling them, saying, let's pay down debt, let's buy hard assets. Let's educate you on fixed annuities. We don't need to sell them to you, but you better know they exist. Where were you? You're about to be. You know. And you know what? I was there, Anthony, for 2008. I remember my office grew in 2009 and 10. Janet was awfully busy with new people coming in because some people couldn't even get a phone call back from their representatives over the big wirehouses. A lot of people change careers and I think you're finally, after seven years in the office, about to see what I got to see. And boy, hang on because you won't believe what you're about to see. Continue. Not my. The bone has been picked. So I just want you to know this show is not an hour long infomercial. If you're the next 10 callers, we have a complimentary visit for you. These people are so full of. You know what, what if you're caller number 11? I'm sorry, I'm sorry. You know, during the hour long infomercial that we play on Saturday, re air on Sunday, we, we ran out of slots. So you can't come into our office. Well, you can, but you're going to have to have saved at least $5 million and you're. Yeah, no, we'll give you a free white page though if you come in this. My industry is so slimy and Anthony, we're not. When we have a choice to help people honestly and ethically or sell something, we don't. We prefer education over sales. And that's what I did last week. Right now I'm let it go. The bone is full.
[00:16:52] Speaker B: So proud of you.
[00:16:53] Speaker C: Thank you.
[00:16:54] Speaker B: That was good.
[00:16:55] Speaker C: Thank you. So Anthony was active this week with the articles you just referenced the movie the Big Short. One of the articles you sent me was from yahoo finance on the 21st of March today, by the way, as we record is March 27th. You'll be hearing this on your favorite podcast Friday afternoon or later or five in the morning or noon on 960 the Patreon. So Yahoo Finance 321, the Big Short investor who predicted the 2008 crash warns the market is underestimating the economic impact of DOGE mass spending cuts. When I first read that top, I thought, well, DOGE is a good thing. I love Elon Musk.
I want to stop the Waste Runner. The only way to keep this solvent for you too and future generations. We have to stop reckless spending that hasn't started happening yet. But we have to give that direction. We have to stop this waste, fraud and abuse that has to happen. We need the tariffs to be successful. So we bring back manufacturing of roads and cars and bridges and pharmaceuticals and so forth. But this is something I hadn't thought of. So let me just read a hair of this. Markets have not yet factored in the impact of mass Cuts in government spending. The Big Short investor Dan Danny Moses said he told Fortune the Department of Government Efficiency cuts have jeopardized private contractors, small businesses and the labor market. It's not as simple as just we, we think here's fraud, let's cut waste, let's cut expenses. Investor Danny Moses, best known for his orok I can't say this word. So his bet against mortgage backed debt before the 2008 stock market crash is warning of another economic red flag. The founder of Moses Venture, made famous by the book Turn movie the Big Short, cautioned the market has not yet accounted for the negative economic impact of the mass cuts to government jobs carried out by the Elon Musk Champion Department of Government Efficiency. I think we are underestimating the impact to the economy of the cuts we're making at the federal government and what might mean for the knock on effects into the economy, Moses said in a CNBC Power Lunch interview on Thursday. We're hurting the revenue side of the equation. I think we are being overly optimistic as to how this is going to play out. So what he's saying is we might be stopping spending, but there's going to be ripples to that, there's going to be ramifications. That's interesting. And you know, we just spent, you know, a few minutes talking about the retail and the bottom feeding venture capitalists, all of this stuff. You know Anthony, when, when you used to say what am I so worried about? There's always been something to worry about. We've had a civil war, we've had a great depression. And I'm saying we haven't had them all at once. This is another example of that. A bunch of the stories I have for you today, a bunch of the articles, they're all slightly different but they're all coming at the same time.
Has the usdebtclock.org pulled up and I'm glad he does because I need to remind you to go on there, go on usdebtclock.org and check it out. If Doge is saving the future of our country, why is the US national debt still spiraling? Because they have to cut spending. It's going to take several things at once to get us back on track and save the future of our country. Doge is up to 249 billion in savings. I mean that's pretty good. It's a drop in the bucket when you look up two notches at the national debt at 36.6 trillion. So doge needs to keep going. Oh, sideline to Doge and Elon Musk and all that. Have either of you heard of or are you planning on attending? We've got a big Saturday. There's a big day of rage coming up, I hear. I've been reading some articles. I'm sure George Soros is packing up the minivans right now with signs. So it's called the Worldwide Day of Action. I'm going to call it the Worldwide Day of Rage against Tesla and really Elon Musk. So Saturday, over 500 locations in the country are planning on having some, some fun. I don't know if they're gonna have hot dogs and balloons or if it's just gonna be like signs and, you know, people running around screaming. Anthony, you know when I talked about the starfish analogy when you were like, yeah, Teslas are being burned and keyed, but it's very little. You know, Sam, you mentioned that social media exaggerates everything. You're right, but it's, it's, it has grown legs since last week. They found pipe bombs at a Tesla dealership two days ago. It's not over yet. I've seen several more videos of people doing stupid stuff. One is a woman on like a three wheel cart, Like a rascal running into a Tesla. It's just hilarious to me, but I guess it shouldn't be. So Saturday, if you don't have any plans, show up at your local Tesla dealership. I don't know, it's weird.
I guess I'm going to just touch on it for a hair right now, starting next Tuesday, which I think is April 1, also known as April Fool's Day. So maybe it'll get delayed again because boy, right now it's a big unknown 25% tariff starting next Tuesday on all cars, all automobiles, light trucks that are not made in the US to be sold here. It's auto parts too. That's what concerns me. I do not have a car payment, but I still have repairs on my vehicles. And between you and me, Anthony, we have a lot of. Well, you have a lot of vehicles, I have a few. So I'm curious the tariffs on the cars. We need to reach out to Mike at Frank's Honest Auto, conveniently located on 91st Avenue in Cactus in the West Valley. We're looking for sponsors, Mike, so you know who's going to be okay. Day of age people. Tesla. Tesla is all made in the us so is Rivian. So if you've got a Rivian or Tesla, you'll be okay. Or if you want to buy One like Trump just did. But if you have a Chevy, you know, apple pie, baseball and Chevys, you are screwed. Coming up next Tuesday. So.
[00:23:21] Speaker B: So how do they decide what is made in America? Because mostly it's foreign cars that are made here. They might be assembled, but how do they decide? Is it individual parts? Is it anything that's shipped over?
[00:23:34] Speaker C: Well, like if you buy brake pads and they were manufactured in, let's say, Bowling Green, Kentucky, if they were manufactured here, you're good. If they were manufactured in the Szechuan province of China, you're not good. So read the back of the box. Where do you think most of your auto parts that you and Jay are working on, your cars are coming from? My guess is Mexico, Canada, mostly China. I mean, your answer is common sense and logical, but I would say we're in for a little bit of a ripple with car parts because I don't think a lot of them are made here. I don't think we make anything here anymore, really.
[00:24:06] Speaker B: So I think I've read Tesla was like 70% and that was number one. But you get a lot in the 30 to 40% here. But what exactly is that 30, 40%? Is it the parts or is it the assembly? So if all your parts are made in America, but you assemble in Mexico, is there 25% on the car itself? That's what I don't fully understand.
[00:24:30] Speaker C: I don't think there's a lot of parts made in America that are sent somewhere else to be assembled. I think if anything, it's the other way around. You know, during Trump's first term, we tried to start doing the assembly back here, but I think there were still a lot of parts coming from other areas. So I don't know. I don't know the answer to your question. I just know that if you're going to buy a new car after next Tuesday, I'm told the average you should expect for the sticker price to go up instantly is $3,000 per vehicle. So we'll see. Is it a nothing burger? I don't know. I mean, let's, you know, next week we'll, we'll start it, and then in the next weeks, months and years, we will know. It's just another example of things that are going to be uncertain. And how does that affect us in our son City office? Because the stock market is a house of cards. It's on eggshells right now. So if that's the thing that brings it down, you know, obviously oil prices are going up. I have Said forever. I've said forever. If your 401k is steady or going up and your gas prices are steady or going down, you don't care why. You don't look into it. You're happy, you're, you don't care. So if your stock market goes down and your gas prices go up and the cost of a car goes up, you're going to see unhappiness. And that's what I think we're heading toward. You know, look at the last several years. You know, there's a lot of people held hostage by a mortgage rate. You know, we meet people all the time, Anthony. They're like, I have a, you know, 3% interest rate. I'd like to move, but I can't. The price of the house is 40% more now than it was before COVID and the interest rate is 6 to 8% when mine's 3. So I guess I just stay. So what if that happens with cars? We need the engine of the economy in America to keep moving, keep growing. The only thing we do here is print money. If you're the government and raise taxes. If you're the personnel in the country, the people, you buy stuff. If it's three grand more for a car which is already exorbitant prices since COVID you're less likely to buy it. That slows down the economy and then you have to get to the rest of the different sectors. You know, the retail's closing up with that. Why don't we get to break time? Because we have so much more to get to in the second half. Thank you so much as always for being with us. You know how much we appreciate it. We, we're glad to help you. If we can be a second opinion. If you'd like to sit with us, we'll give you options on your, your future with your finances. We're at 623-523-0444. You can always email us teamothermoneyshow.com thanks for being with us and we'll be right back.
[00:27:06] Speaker A: 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 registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to make full disclosures of any conflicts of interest. If any exist, refer to our firm brochure. The ADV2A, page 4 for additional information. Any comments regarding safe and secure products and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issue issuing company and are not offered by bwa. 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 C: Welcome back to Another Money Show. Thank you so much for being with us. You know, we appreciate it. Help us out. Help us out. Please make sure you make your way over to our YouTube channel. We have over 600 subscribers now. I'm super excited. So for Little Tiny Fish, we are nipping on the heels of you, Joe Rogan. You started here too. We're behind you, but we're catching up. We have over 200,000 views of our shorts. So thank you for checking out our shorts. We need your support and we appreciate your support. If we can ever help you as a second opinion, please make sure you sit down with us.
We're there for you. Give us a call 623-523-0444 or email us at teamnothermoneyshow.com Jeffrey Jeffrey Goldberg, if you're listening, don't reach out to us via signal. We think it's either illegally wiretapped or it's a CIA compromised platform at this point. So. And Hillary, Hillary, if you're listening, please do not email us, but everybody else you can. So we need to move on here.
When I talked about the Day of Rage and I, and I made some funny about George Soros filling up vans to show up, I guess it's, it's really, that's what's going to happen. So I, you know, I always read articles about that. I found 1 just on the 24th of March from Zero Hedge. It's. This is kind of funny. Inorganic GPS data reveals Bernie Sanders and AOC anti oligarchy rally was full of serial protesters. Does that mean they don't like Captain Crunch? Let me read further and we'll figure that out together. So Sanders attempted to explain the large turnout reflected at what voters are saying. No to authoritarianism, no to oligarchy. No to Trumpism. No. You need to roll up a newspaper, Bernie, and smack Trump in the nose. So however, leftist corporate media failed to fact check the socialist for misinformation or disinformation. Others did, using a sophisticated algorithm to analyze data from all the smartphone devices at the event and found the numbers were severely overinflated. Many of the attendees were probably bussed in and had a history of participating in antifa slash blm, pro Hamas and pro Palestinian protests. The Democratic Party is known for busing activists through NGO networks to events to fill seats, a tactic repeatedly used throughout Kamala Harris's 2024 presidential campaign trail to create fake hype. You know you noticed NGOs, right? So who's funding this? We are. Our tax dollars are going to NGOs and then George Soros is taking money out of NGOs and giving it to other organizations to make sure you have a sign ready for Saturday. So a couple more things about this.
[00:31:29] Speaker B: I think the biggest issue too, that nobody's talking about is who are these companies that are tracking all of these GPS locations on your phone? To put.
[00:31:37] Speaker C: I'm glad you asked, man, because I.
[00:31:40] Speaker B: Couldn'T care less what the numbers are at this rally. I do not care at all. What I do care about in this article is that they have a way to put this algorithm together to just track you based on your phone.
[00:31:51] Speaker C: Do you drive, Anthony? Have you ever seen a camera over pretty much every intersection that you've driven through? Do you think your cell phone isn't pinging retailers when you walk into AutoZone? Are you kidding? Right now you're being tracked because of that mobile GPS tracking device that we keep on our sides everywhere you go. So this is just somebody who's decided to specifically track this niche market. But let me read further. Cause I'm gonna read the name of the company. So here we go again. There were 20,189 devices. Still a large crowd, but not even close to the 30,000 quoted in Denver newspapers, nor the 34,000 quoted by Bernie Sanders and AOC. That's the part you don't care about. I don't either. You know, Million March. I don't care if it was 900 or a million two. I don't care. Show up if you want. I'm busy working and working on the yard. So let's continue. 84% of the devices present had attended nine or more Kamala Harris rallies. Antifa, BLM Prosper.
31% of the devices there had attended over 20 different rallies. 90% of those in the above 84% were likely working with one of these five groups and is the reason for their presence. So the groups that are sponsoring this, the NGOs are disruption project, Rise and Resist Indivisible Project Troublemakers and the Democratic Socialists of America. Each receives money from ActBlue and at least 3 via USAID.
I said I would name the company. Let me find it here. It has the name of the company. I didn't highlight that because I guess I didn't think that you would ask that.
And Anthony, I sent you the article, but it's, it's. Let's see here. This is based on sophisticated algorithm that looks at the behavioral metrics for each device, including the physical OneToOne proximity to leaders and paymasters from these groups in the past.
Disruption Project.
Darn it. Where's the name of the company? Well, let me move on.
[00:34:08] Speaker B: But it, I don't think it says it. I think it just hints at what it does. It describes what it does. I don't think it names the company.
[00:34:15] Speaker C: I'm not sure. I thought I found one that named it More insight.
Demographic, psychological data like the Bureau of Labor Statistics.
Oh, market research firms like YouGov.
I don't know. You're right. I don't want to spend more time on that. But yeah, it is frightening that there's groups of people that, that track masses of us and where we are. But let's go to January 6th for a second. I mean, didn't they track where the Oath Keepers were and didn't they track all that? Then it's, it's all over. Wherever a group is going to gather, they are probably tracking you right about now.
[00:34:53] Speaker B: So pretty much already have social credit scores.
[00:34:56] Speaker C: We do. We just don't know that yet. We have to wait for the CBDC to get here and then we will realize that. So one other thing here that's kind of tied into that from the Gateway Pundit On 23 March, Barack Obama was using USAID to pretend to send aid overseas, but was laundering it to train rent a riots instead.
Says here Mike Benz shared how Barack Obama was using money to us using money to USAID to pretend to send aid overseas. In actuality, Obama was laundering the taxpayer money sending it to rent to mobs instead. Says here this was a scandal during the Osama. Osama. I mean Obama. Sorry about that Freud. USAID era. We were running a number of rogue USAID operations in Cuba at the time. I'm simply showing the American people where your tax dollars are going and how these things are structured in order to systematically fool you and to fool Congress and to fool the White house. USAID pumped 1.2 billion in. And we sponsor these activist groups and these civil society organizations to learn how to use Facebook, learn how to use Twitter, learn how to use hashtags, learn how to coordinate street protests so that everyone knows where to go, what street to show up on, what kind of slogans to know in order to create the pro democracy predicate for it. So once they built up enough subscribers, they would begin to introduce political messages through the social bots and encourage dissent in this. In this astroturfing. The whole point is once they hit a critical mass, they would create renter riots. You're using Cayman island bank accounts. You're saying you're earmarking the money for Pakistan, but the money was never sent to Pakistan. It was sent to the Cayman Islands to fund this whole operation. Now you know why the Democrats are losing it after President Trump shut down the usaid. Well, that's stuff that I think we all kind of knew. If you're listening to 960 the Patriot, you probably knew that none of this is organic. You know, Occupy Wall street is. This is not new. But none of this is. Just a bunch of people Saturday are going to show up at a Tesla dealership. It's all funded with our tax dollars. Very sad and very scary.
Okay, enough of this tinfoil hat conspiracy theory stuff. That I found at least four or five ways to vet and verify that it's true. Let's move on to some other articles. Anthony, again, you sent me a ton this week. 23andMe files for bankruptcy. As CEO Ann Waljicki resigns, what will happen to your DNA? So, genetics company 23andMe has filed for bankruptcy and its CEO is stepping down, leaving many users concerned about the future of their Data. On Monday, March 24, 23andMe announced that it has initiated voluntary Chapter 11 proceedings to facilitate a sale process to maximize the value of its business. How do you maximize the value of your business? By getting rid of it, I guess we'll have to ask Anne.
[00:38:23] Speaker B: Sounds like she's trying to step down as CEO so that she can try to buy it privately, which I hope she goes.
Scary, though, because I feel like it's easier to hide what you're doing in a private company than is public, right?
[00:38:41] Speaker C: No, that makes sense. Hopefully she'll have to fill out her business, her ownership interest, through the Transparency Act. Oh, wait, that's over. Ann also expressed her strong commitment to customer privacy. That's a good thing when you have my DNA.
[00:38:53] Speaker B: They lost it all last year. Two years ago.
[00:38:56] Speaker C: Well, we found out the government was able to access it. So I don't know how safe this company's been in the other ones.
[00:39:00] Speaker B: The safest crypto is out of the government's hands. It's fine.
[00:39:02] Speaker C: Oh, we're about to get to that. That's how we're going to finish today. Is talking about a little crypto stuff. A spokesperson for 23andMe previously told People, I guess that's the magazine, that the company has strong customer privacy protections in place and that they are committed to protecting the customer data and are consistently focused on maintaining the privacy of our customers. This will not change. It will change, perhaps, if the company changes. In her Monday statement, Wojcicki vowed. I'm probably saying that name totally wrong, but you can look it up. Vowed to remain committed to 23andMe's long term vision. Long term vision of being a global leader in genetics and establishing genetics as a fundamental part of the healthcare ecosystem. That's awesome. That's awesome.
[00:39:45] Speaker B: Part that kind of scares me.
[00:39:46] Speaker C: Scares me too. But you know, I mean, I would never ever give my DNA information to a company, whether private or public. I'm sure you've got it all over the place anyway. I've been to a doctor in my life, so. But yeah, no, it was voluntary for you to want to know if you're 1 24th Irish. So you swab the inside of your cheek and now you're going to worry where it goes. You gave up your information. You know, if you're using a cell phone, Anthony, if you're concerned with people gathering mass data on us, if we gather in groups, you know, which is against our first amendment, but I mean we have right to do that. But yeah, stop using the cell phone. Your mom used a flip phone for a long, long time. The flip phone phone finally broke and she had to get into this era and now they're tracking her. She's probably at a school right now creeping around. So switching gear a couple more times and then, Sam, you'll have to keep letting us know how much time because we got to talk a minute about crypto. So I found an article. For the first time since I've been railing on the FDIC and I urge you to look this up. MSN.com on the 15th of March of this year, 2025, the title is one. What is the FDIC? Safeguarding your money in the banking system. So this thing is multi page long. I don't know, six, eight, ten pages. But I found this on a mainstream media article. So look up that article. What Is the FDIC safeguarding your money in the banking system? If you go down towards the bottom of the article, scroll through several pages, you'll get to how the FDIC is funded. Insurance premiums from banks. Sounds good. The FDIC is primarily funded through premiums paid by covered banks. The amount each bank has to pay is determined by how risky it is to cover. The FDIC also makes money through investing in things like treasury bonds. It's not funded through taxes. Come on government. Everything you do is funded through taxes. How the hell do you think we got an FDIC to begin with? It's a Federal Deposit Insurance Corporation. Federal. There's no reserves by the way if you're talking about the Fed.
But so they want you to know it's not your tax dollars at play. So FDIC is buying treasury bonds. Really? So they're buying stuff out of that 36 trillion. Anyway, the last thing I want to read here which I've never seen in any other article so kudos to you msn. The FDIC has to keep some funds on hand so it can pay out insurance. If banks fail that on hand amount is called the deposit insurance fund. The FDIC tries to keep money worth 2% of insured funds in the DIF. The FDIC publishes how much money is in its quarterly banking profile. We have told you about this for years that their goal is 2%. They're currently at 1.2%.
[00:42:33] Speaker B: 2% seems low which is finance like and they can't even an extremely low number.
[00:42:39] Speaker C: It doesn't make any sense. Low. It's. This is just dumb but I've never seen somebody actually put that number in an article so I am thrilled we we will keep you posted on how to find the information. As Anthony says just reach out to us. We'll tell you how to prove that you are in deep deep trouble if any of these 66 banks on the watch list for imminent failure start to go like dominoes. You better get your money out of the banks and we will sit down with you and help you with how much alcohol into aqua to buy, how much gold and silver, how much fixed annuities, how to pay down debt. We'll be there for you. Let's get on to what I really wanted to cover today. I'm going to have to consolidate about literally nine articles. So are you watching Canada who may be our 51st state and then they don't have to worry about tariffs on auto parts. So from Zero Hedge article on the 23rd of this year replacing cash with digital dollar would pose a grave threat to our rights and freedom. The bank of Canada has made no secret of its efforts to explore a cbdc, a digital dollar issued and controlled by the central bank. The bank of Canada is not alone. To date, 13034 countries and currency unions have explored a CBDC. We're one kids, just so you know. And 66 countries are already in advanced stages of implementation. You realize there's only 193 countries on the planet. But Christine Lagarde is saying that they are going to have a cbdc, a central bank digital currency in place by October. So just so you know, October from now is going to come very, very fast. And they are ready. They're ready to pull the switch. How does that bring, how do I tie that with our country? Because we have Trump back in office. Trump specifically said we are not going to have a cbdc. As a matter of fact, Trump actually signed and we are remiss on the show in bringing this to you. Earlier, my cousin Frank from Illinois sent me an article that made me get off the dime and read about this. So Trump signed a executive order. It's pro cryptocurrency. It is against the central bank digital currency.
I went to a couple different attorney sites because attorneys break down what I need to know about these executive orders in a way that I am not smart enough to do. Here is one from www.carleton fields.com and this is from February 7th. So I apologize for being remiss and getting this to you earlier.
On January 23, 2025, President Trump issued an executive order titled Strengthening American Leadership in Digital Financial Currency aimed at supporting the responsible growth and use of digital assets, blockchain technology and related technologies across all sectors of the economy. This executive order marks a significant departure from the prior federal policies that were viewed as restrictive to crypto and blockchain industry. Here's the part that's really important and I'm sorry, I'm just now getting this to you. It revokes Executive Order 14067, which was the Ensuring Responsible Development of Digital Assets executive order Biden signed. And it rescinds prior treasury policies, emphasizing regular. I'm sorry, regulatory clarity, financial inclusivity and the production of blockchain based activities. Okay, let me break that down a hair. So the, the, one of the reasons we started this show was based on the executive order 14067. We railed on it for years. Then we got to Fed. Now we talked about how there's no way this country doesn't Go towards a central bank digital currency. From what we're seeing, apparently now it's still going to. But it's going to be Bitcoin or a version of that through the government is my speculation. The fiat currency is still dead. The BRICS nations still want us gone. We just bought a little time here with the political landscape. One more thing from this attorney Carlton Fields proposal to evaluate a national digital asset stockpile derived from lawfully seized cryptocurrencies. A ban on the establishment or issuance of a US central bank digital currency while affirming support for US backed stablecoins. Okay, something about this.
The reason Bitcoin was born. Satoshi or whoever started it, the reason was to get the government out of it. You didn't have to pay taxes because there was no government intervention. The government couldn't touch it. It was private money. So you had an alternate system. But you can't take your Bitcoin and go out to dinner. It's not a currency, it's air. But anyway, the government wasn't supposed to touch it. So what this says, you know, lawfully seized. If the government's out of the system, how in the hell can they seize it? There were numerous cases. We brought up several of them a couple of years ago there were numerous cases of people that were. The government said they were laundering money, you know, funding drug runners, supporting terrorism and they took their money, they seized their wallet. Well, that makes it where it's not out of the government's little fingers. So the timeline on this executive order, which by the way, there's no executive order number, I find that fascinating. I spent a good half an hour looking for the executive order number. Maybe Sam, you can find it, but I could not. So you know the name of it is strengthening American leadership in Digital Financial technology. It was signed on the 23rd of January, but there's no EO number, which is weird.
So the time frame. Within 30 days of that order, relevant agencies must identify regulations affecting the digital asset sector. This is the one that just happened last week. Within 60 days, agencies must submit recommendations on whether the above identified regulations should be rescinded, modified or accepted. That would have been on the 23rd of March, within 180 days. So come July, the working group must submit a report to the president with regulatory and legislative proposals. The digital currency is coming up fast. See? What's that? Sam, you've got something FR90 federal regulation. So it's really not an executive order, it's a regulation.
That's a little scary because maybe Future presidents can't undo this like they can in executive order. You know, Trump scrubbed executive order 14067. This says 90 FR 8647, but there's still no executive order number. And it was V that says executive.
[00:49:44] Speaker B: Order 14178 right there.
[00:49:47] Speaker C: Oh, wonderful.
Good work, Sam Davis. All right, so now we have our answer. 14178. Sam, will you please screenshot that or somehow text it to me so I can start railing on that for the next two or three years.
[00:50:03] Speaker B: And I love that Doge is out there trying to cut all these federal groups, yet we're opening this one up now.
[00:50:12] Speaker C: Well, and here I go, playing devil's advocate maybe, because this is coming no matter what, and this is the wave of our financial future. Yeah, I mean, we have to have the tariffs successful, we have to rescue our failing fiat currency, we have to bring back manufacturing. So we got a lot to do here.
And it's funny because then I start reading articles around this research. I found one from the Daily hodl on the 25th, gamestop. Can you imagine I'm saying the word gamestop again? Remember the movie Dumb Money? Remember the frenzy?
So GameStop approves a plan to buy Bitcoin as a Treasury reserve asset. Everybody's gonna start frenzying here in the next weeks and months on these cryptocurrencies. What if Trump decides it's going to be the Trump coin? Remember Melania coin that came out and failed spectacularly? There was an actual Trump coin. I don't know if it's still out. So, I mean, I still am leery of buying a bunch of XRP Ripple, you know, stablecoins, Bitcoin.
[00:51:12] Speaker B: Government's trying to make it legitimate now, so, I mean, they have been for a while, which is unfortunate, but there's talks of. Who was it the executive director for the Council of Advisors on Digital Assets for Trump was supposedly in an interview hinting at they're gonna take gains from gold and convert that into Bitcoin.
[00:51:36] Speaker C: Yes.
[00:51:37] Speaker B: Is it the bitcoin act of 2025?
[00:51:39] Speaker C: So I would rather see us go back to a gold.
I mean, this is all way over my pay grade. But I mean, think about the irony that now we have to hear about GameStop again. That I thought was gone. When's the last time you saw a location for GameStop? Now, are they just pot of money behind somebody's, you know, couch? I don't know.
[00:51:57] Speaker B: But anyway, so the article said they've got a ton of cash, billions of it.
[00:52:02] Speaker C: Yeah, you're not kidding. It says here GameStop, which has about 4.76 billion in cash, is following companies like MicroStrategy and Tesla. I just. I don't know. I mean, GameStop, go away. Donate your money to the food banks and go away. But.
[00:52:18] Speaker B: And capitalism, it's a company that's doing well. Why are you hating on them?
[00:52:22] Speaker C: I'm not hating on them. I just think it's funny. I mean, I think the frenzy behind them. I'm just tired of the name. I don't want to start hearing it again. I. I know. I mean, if they've got a bunch of money, good on them. But they're going to buy bitcoin. Really? They're going to buy.
[00:52:35] Speaker B: Well, the government's going to buy bitcoin. You buy what the government buys and we'll see.
[00:52:39] Speaker C: I mean, Anthony, all of a sudden, you're going on the pro bitcoin. Well, and I still think it's insane.
[00:52:44] Speaker B: I don't get to control what other people do. You know, Ponzi scheme reworked. As long as people believe in them and our federal government's giving it legitimacy. Trump himself is saying multiple times that he supports it so well.
[00:52:56] Speaker C: And the whole thing about bitcoin was to keep the government away from it. And now we're integrating the government with our entire future. And this is going to be like a central bank, digital currency of its own. They're just going to say it's not. But don't tell me this can't lead to rationing of spending and this can't lead to social credit scores. If Trump and his side of the aisle is in power for the next, say, 12 years, it'll be good for the people that are conservative. It won't be so good for the people that show up Saturday at their day of rage. So I don't know, Dave, remember our friends Dave and Francine, who we haven't seen in a while? Dave sent an article and I wanted to look up the press piece on it. So this is from Globe News wire. On the 24th, Trump Media announces intention to partner with Crypto.com to launch ETFs. I will only read a little bit of this, Trump. Well, do I need to read it anyway? Trump. Trump. Trump. Trump. The media group is going to come out with ETFs. They're going to come out with banking products. They're going to be huge in the financial landscape. And Trump is also holding down the executive branch of our government. So if, if he's on board with bitcoin. I guess we better stop slamming it. I just, I still think it's scary.
[00:54:12] Speaker B: So anyways, that's it for today's show. If you like what you heard, have questions on any of the topics today, or you want to sit down with us to review your personal situation, reach out to us at teamothermoneyshow.com find us on the web anothermoneyshow.com there's a contact button there. There's a link to our calendar that should still work. So book appointment with us. Check out our YouTube another money show we're on there. Remember, there's no minimums. There's no cost for appointments. There's nothing to lose by getting a second opinion on your financial situation. Until then, we'll see you next Saturday on 960 the Patriot at 5am and noon.
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