[00:00:00] Speaker A: Any examples used are for illustrative purposes
[00:00:02] Speaker B: only and do not take into account
[00:00:04] Speaker A: 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 C: 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 J.R. rochford.
[00:00:42] Speaker D: Here we are, your hosts, Anthony Correjo 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 news you may not find on those other financial shows. We're aware the last thing you need is another money show, but we appreciate you being here. And like Junior promised last week, we have a special guest today, JR's buddy, Rusty Shackelford. Thanks for joining.
[00:01:12] Speaker A: So, and before we bring Rusty on the show, I want to give you a little bit of a backstory. Rusty has been a friend of mine for about six years. I, I see him regularly but I don't get to spend a lot of time with him.
So a few years back when we had a little more time together, we started talking about precious metals and we talked about 401ks and we talked about basic financial stuff which, you know, anybody that's been anywhere near me within 500 yards, you know, the conversation is going to get brought up. Then we went a little further, got to talk a little bit about conspiracy theory type stuff and we've talked about the world. So I'm excited about Rusty coming on and, you know, a couple of things I'll tell you. Rusty is, is somewhat famous. He, he made his appearance known at a, I believe it was a football game in Tennessee. So I might put him on the spot and ask about that. He was shirtless so I, yeah, so maybe we can get a picture, you know, for the YouTube channel. But Rusty's great and I'm so excited he's here. Rusty, introduce yourself to us if you would.
[00:02:12] Speaker E: My name is Rusty. I'm originally from Nashville. Now I live in the Phoenix area. I don't know, I kind of have a weird background. I kind of got addicted to poker in college and I think that has greatly kind of shaped how I view money because you kind of see Things over time and how, how everything is on a longer run than just at the moment you're in. I don't think I've ever told you this, but while I did that, I. I was actually a substitute teacher during the day, which is hilarious if you know my views on government. The fact that I would actually work for the government for a brief period of my life.
[00:02:51] Speaker D: Got to teach the kids to play.
[00:02:53] Speaker E: Absolutely. I feel like I gave them more applicable life lessons than they probably got anywhere else.
[00:02:58] Speaker D: Finally, something practical.
[00:03:00] Speaker A: No, I didn't know that. And that's fascinating because what I know of you.
No, it's not a fit. It's not. It doesn't fit naturally. I wouldn't picture that. And I will tell you something that you don't know about me. When I got out of the military in 1991, I was in the IRR for four years. I had the GI Bill.
I, I had some money for school. And I wasn't a natural born student by any means. I had to go. I had gone to school for a couple years before I joined the military. So anyway, so I went to Glendale Community College and I got my Associates of General Studies degree because it had the least amount of math involved. Then I went to ASU because I still had money and I. And I was working at night. I was working in bars and doing all kinds of miscellaneous things. Went to asu. I wanted a business degree. It required too much math. So I changed my major to communication studies because it had the least amount of math classes. Here I am years later as a financial guy. The thing that came after that, I still had money left over. I wound up working during the day, a few days a week as a substitute teacher for almost two years, working in Glendale, Alhambra and Peoria district as a substitute. I used to be very careful with what I would say yes to. I got down to a couple things. One was, music is okay. Art is okay. My grade level acceptance was basically narrowed to third and fourth grade. If I had the little ones, you know, kindergarten, first grade, they wanted a hug. I'm a Desert Storm veteran. I'm a. I'm a. I grew. I went to an all boys Catholic military boarding school. My father used to call our family stoic. We didn't hug much. We didn't tell each other we loved each other. It was a different background growing up. So these little kindergartners want to draw me a picture of a butterfly and hug my leg. And I was like, do I smack it? What do I duck toe To a chair. What do I do? And I didn't go past the fourth grade comfortably because then all of a sudden, they were taller than me. They had better mustaches. So that's interesting that six years after meeting you, I find out we were both substitute teachers. And, boy, how bizarre that either one of us would have done that ever, even for one day.
[00:05:08] Speaker D: And remember before we started this, and I was like, jer's gonna find a way to just talk this whole time, as excited as he is having you. I warned you.
[00:05:18] Speaker A: I'm really excited.
[00:05:19] Speaker E: I don't mind hearing JR Talk. Junior talks a lot of good things, especially about normalcy bias.
[00:05:25] Speaker A: I like the normalcy bias. Do you want me to read it to you? Do you want me to read you the Wikipedia version of what that is?
[00:05:31] Speaker E: Sure.
[00:05:31] Speaker A: I'm not gonna do it, Rusty, because I'm gonna want to invite you back one day. Potentially. Potentially. We'll see how you feel when you leave here. You. You may change your CE regular phone number, but. Yeah. So I want to have you back on one day. I'm going to hit you with a whole bunch of questions today. So we're going to do this a little bit interview style.
So I want to start with the most important thing first. Anthony's pet peeve of me. One of many. One of the peak pet peeves. I tend to save the most important stuff to the end. I always looked at it like, I got to keep them here. We have an hour to fill every week. If I give the important stuff up front, why would they stay? Did I mention I have a communication studies degree from Arizona State University? So I like to talk. Then I run out of time. I'm like, well, next week I'll try to get to the very most important thing I had. So today I'm gonna hit it up front. Do you realize that is worried about the future of the country and the world, as I am, and Anthony should be, but he's not. And perhaps you are.
Do you know why I'm not worried about the world anymore? Do you know what changed in my world this morning?
[00:06:35] Speaker E: What changed?
[00:06:36] Speaker A: I read something that changed my life. Pbr. I'm from Chicago, Illinois originally. So Pabst Blue ribbon, old style Stroz. There were things that were very important when we used to steal beer from our father, from when we used to. When we used to buy beer.
PBR is coming out with a new pickle beer. Sam. Anthony. Rusty, have you heard this?
[00:06:58] Speaker E: I have not.
[00:06:59] Speaker A: Yeah, this restored my faith in humanity. On May 5, I want you to mark your calendars. I know you guys are all young, so you're digital. I'm going to put it into my planner and on my wall calendar. So PBR is going to merge their beer with a pickle company called Grillos, and they're going to have a pickle beer, and it's going to be four. I'm so excited about this. Is. I don't care if we talk about anything else for the rest of this hour. By the way, Rusty, you became much less important when I started thinking about this again. So it's going to have four.
It's coming out on May 4th. Let me look at my notes here. That's great. That's right in time to celebrate our nation's 250th birthday on July 4th. You guys excited?
[00:07:47] Speaker E: I'd like to know whether they tested the beer on ferrets.
[00:07:53] Speaker A: That's a great question. Remind me in a minute to get to the Festivus Report. I am so glad that you listened to our show. I do have to ask you when we're done recording today how you heard the show we just recorded before you came on, I want to know where is there access to that? That would help me.
[00:08:10] Speaker D: So you know that he was backstage, right? During.
[00:08:14] Speaker A: Just kidding.
[00:08:16] Speaker D: You should have just been on the show.
[00:08:17] Speaker A: It takes me a little credit. Give me a little credit, Anthony. And by the way, I'm stuck in
[00:08:23] Speaker D: Normalcy Bias, where I was just like, I have to just explain everything to Junior through, you know, puppeteers and crayons.
[00:08:32] Speaker A: Hey, hey. The fact that I need crayons and puppeteers, that's a good thing.
By the way, with this show we are recording on the 14th of April. So as you're hearing this, it's not going to be as much in the current events as you're used to because we're so far in advance. So we. Our schedule has changed for a couple of weeks. So that's why this will be a little bit different today. But. But having Rusty on here, we're going to hit some important stuff still. Let me knock out the Festivus Report. If you're new with us, we bring you one item of governmental waste every week. And we're going to do this for the entire year or until it runs out. Usually we hit it all up in January of the year, but this year we decided to do something different.
[00:09:13] Speaker D: We'll never run out of governmental waste.
[00:09:16] Speaker A: We will not. You think your tax dollars, what you paid in your taxes last week when you paid your Taxes. Hopefully. You would think they just went to Israel, Ukraine, Iran. No, no, but wait, Phil Swift, there's more. Let me tell you one of the ways we use our money. So here we go. Amount wasted. Oh, it's only. It's $1 million. Even amateurs one lab generated pandemic in Wuhan apparently is not enough for some bureaucrats. In 2021, the Biden U.S. department of Agriculture funded a five year $1 million collaboration to soup up bird flu viruses between the Wuhan Institute of Virology's Chinese Communist Party controlled parent organization and a researcher affiliated with wiv.
The USDA CCP project proposed using a popular gain of function technique to see if they could make highly pathogenic avian influenza more contagious to mammals.
Fortunately, this bird brained Biden USDA project was cut short by the Trump administration in early 2025.
But it was pre funded at $1 million. And I'll bet anybody listening has no idea what I even said.
You know everybody. Foushee. I know you're one of our loyal listeners. Foushee, you need to come in the office too and sit with us. Sit with Anthony because I really don't care to meet you. But you denied gain of function research, yet Rand Fall ran fall that. That guy too. But Rand Paul more importantly found some proof that we funded your gain of function research.
And there's an example of it. So. Talk about our tax dollars going places we probably wouldn't choose them to and. Or that we probably would care for. There's an example.
Rusty, have you listened to our shows at all or is it kind of newer to you? I mean, have you.
Here and there I catch.
[00:11:31] Speaker E: I catch an episode every now and then.
[00:11:33] Speaker A: I don't want to put you on the spot, but I would like it to be added to your weekly list of important things to do if that's something you can do.
[00:11:39] Speaker E: Absolutely.
[00:11:40] Speaker A: I appreciate that. So let's start getting into me interviewing. First of all, since I teased the audience with this, tell me about a little bit about your claim to fame. I mean, I've seen you're an Internet sensation without a shirt on. Tell me about that real quick.
[00:11:53] Speaker E: Well, no, no, no, that wouldn't be true.
[00:11:57] Speaker A: Oh yeah.
[00:11:58] Speaker E: When I, when I, when I was a student at the University of Tennessee. I'm a rather serious football fan.
I wanted to have an alter ego for. For Game Days. I wanted to really do the tuxedo that Lloyd Christmas had and dumb, dumb orange. You know, orange and white. But surprisingly I couldn't find anything like that, which is really unusual if you've ever been to Knoxville.
And I ended up finding a chef outfit and I am not culinarily talented, but it worked and had a little tie and I'd travel and go to the games, paint up.
It's really funny. They use that image of me in a lot of different things now. And it's kind of disappointing that the student body hasn't overcome what I did in like 20 years. So
[00:12:52] Speaker A: you just sounded really one of your co workers.
[00:12:57] Speaker E: It might be unobtainable for them.
[00:12:59] Speaker A: Right.
You set the bar too high. One of your co workers told me about it and I was like, yeah, okay, whatever. I didn't even think much about it. And then the co worker showed me a picture of it. I was like, he's famous.
So you're still quite the, the fan, right? I mean, you're a big Titans fan. I know you're a little frustrated with her.
[00:13:15] Speaker E: Oh, yeah. I'm a huge sports fan in general, even on things I don't really understand.
One night I was talking to my attorney who's also a gambling degenerate and he was gambling on ping pong, and I found an avenue to bet on Afghan cricket. And I didn't know there was a professional cricket league in Afghanistan, but I wanted to learn more and they had a team called the Sharks and they were even money to some other team and I bet the Sharks because Afghanistan is a landlocked country and I found it impressive that anybody knew of Sharks there. So that on them. And it didn't go well for me. But, you know, the experience was incredibly joyful nonetheless.
[00:14:02] Speaker D: Now you have lifelong Afghan cricket fan.
[00:14:05] Speaker E: Oh, I, I follow the Facebook page. They do have one.
[00:14:10] Speaker A: When, when you bring up crickets, right away I jump to waste, fraud, abuse. And I'm hoping that somewhere our government, in their infinite wisdom will find a way to give real crickets cocaine or heroin or something and see how they fare. So then we can get up to Rand.
Yes.
So let's get into some financial stuff. Now that I've had fun with you, I, I, I have a couple questions. When we first met, you and I had conversations on uranium. We had, we had interesting conversations on financial stuff. What precious metals? That's huge to you?
Give me your, give me the 10,000 foot view of what you think is going to happen in the world of precious metals. You know what, what do you expect?
[00:14:52] Speaker E: I expect what's been happening to continue, I think over the long run it will continue to crush fiat currency produced by Government.
If you look around the world demographically, there is much that isn't aging enormously. Old people cost a lot of money and they vote.
So it creates a really perverse incentive that is probably going to keep younger generations a lot poorer than they should naturally be.
The government's going to continue to print that money. They have enormous obligations.
You have to make sure that your teenage ferrets are, you know, injected with drugs to make sure that they're okay.
So, you know, the government spending isn't going to change.
Well, I think it's important that people kind of get reconnected with the past.
If you look at precious metals, that has always been money, really up until 1971, we've been completely severed from what is normal and healthy, and that's why we have such an abnormal and unhealthy society.
If you look at it, you know, this has been tried before.
And the Mississippi Bubble with John Law goes to show how paper in rampant speculation will gradually impoverish a society.
And we're no different than that.
[00:16:32] Speaker A: But don't you think one of the things I, I always talk about bread and circuses and, and I think history does repeat itself and at least rhymes, as they say. I think we're at the end of this. You're thinking that Fion. Curses will always fail. I 100 agree. You know, gold and silver, for example, are God's money. They're thousands of a year old. They're a store of value. And then you get the, the other advisors, they can't make a commission from it, so they're going to tell you it's dead money. They're going to tell you it doesn't make any interest. They're going to talk about the volatility. They're going to say you can't eat it. And I agree with them. You can't eat it. Let me see you eat one of your $20 bills, smart alec. Let me see you eat one of your bitcoins that you don't hold, so you can't eat any of this. But my, my question, the reason my urgency is ramping up over the four years that we've been on this radio show. The rest of the world is tired of us. The rest of the world, the Brics nations now they call them bricks. Plus, you know, years ago, 20 years ago, whatever, they were just the Brics. And then they kept expanding. They're expanding still. They're bringing more nations in. They unveiled the newest version, the starting version of their currency. It's called the Unit and what it is, is it's, it's gold backed. They're using precious metals. Their whole world's buying up their gold, the whole world is repatriating like France did two weeks ago, their own gold. So the bricks are smart enough to know that they need some backing. And then they're taking a mixture of, of the member countries, trading in their own currencies with each other. The glaring missing piece to the new financial system, us, the United States, we are missing. So this swift system, all of the stuff you've read, put the numbers together. We are at the end of the world reserve currency. We are off the Saudi Arabian petrodollar as of what, two years ago.
We just haven't realized it yet.
We, we.
I, I think you're right. They're going to keep printing at least you know, for the, the near future. I just think that as soon as they're ready, I think their fingers hovering over the button, you know, if you look at the genius act that was passed last summer, if you look at all the buzz about the stable coins, if we get to it, I have an article today on it. I've got a couple of interesting facts for you about the stable coin that just April 1st, literally a couple weeks ago, they changed the rules for some banks. They're doing all this right under our nose. They are going to, as soon as they're ready, let it all fall. We're going to have a housing market crash, a stock market crash. We, you know, I mean the people that, that think you're crazy when you talk about 15 minute cities and you're not going to own a house one day, nothing will surprise me. Now how big of a, it doesn't matter how big of a conspiracy theory it's called.
It's not going to surprise me. I don't think they can print for much longer, Rusty. I think they're at the end of the rain because the rest of the world is tired of us and they're
[00:19:22] Speaker E: going to get, they are. And I, you know, I, I occupy a very weird position with regard to the bricks, the US dollar in that I'm super bearish on all of it, including the BRICS countries.
But you can't deny that the US government looks like a bunch of clowns and that they were able to prop up the debt system with the petrodollar for a long time. And it always made no sense to me as to how the US government can spend so much money, take in considerably less, yet still not feel the rampant consequences like Zimbabwe or Argentina can. And then you learn the petrodollar and you totally understand why.
You look at this conflict in Iran, you know, Saudi Arabia is not the only linchpin to the petrodollar. Bahrain, Qatar, the uae, Oman, you know, are also part of it.
And how, how do they feel about the fact that the US Government initiated a conflict and has not led to more peace and security. It's led to the delay of their exports and, you know, fiscal damage to their, you know, infrastructure.
They must be furious.
And if you were in their position, you would be looking at a way to eject the petrodollar.
So I, I think it's clearly on its last legs. I think that's what the conflict in Venezuela was about.
And try to get them into the petrodollar, you know, circle, if you will, to try to prop it up. Maybe they can do it a little bit longer.
I'm highly skeptical, to be fair. I'm also very skeptical on the, the bricks countries as well.
[00:21:18] Speaker A: Well, so basically we're in the same camp that we think what's coming is going to be global. We.
I've watched the banks teeter, I watched Deutsche Bank 10, 12 years ago teetering, Ireland, Italy, it doesn't make it to our news, but the entire financial system of this planet is teetering. We just don't know it yet. You know, I'm very much, I tell people I'm not an optimist, I'm not a pessimist. No matter what Anthony says, I'm a realist. If I take two and two and I can't get four out of it, I question it. And I'll tell you what, you know, being in this industry, managing money into the future without a crystal ball for almost 30 years, I am questioning quite a bit. And I think we're at the end of things. I am very much, you know, part of my thing. If you think things are going to change dramatically, what do you do about it? I mean, we're nearing up towards a break time, so we're going to deep, we're going to go a little deeper with what your thoughts are and what to do about it. But I can tell you what one of the things that we pride ourselves on, our financial planning isn't like most advisors around us, at least from what I see. Part of our planning involves having physical fiat currency, cash at home. That's in case there's a cyber attack, in case there's an emp, a solar flare, any kind of natural disaster or something you would Find in a simple version of Wikipedia's version of normalcy bias. We think you should have food and water, perhaps even gold and silver, guns and ammo tools. We think you should have everything laddered out. We're a big fan and hedging every bet you can and then hoping for the best.
So a lot of our.
With this kind of uncertainty, what do you do about it? And the answer, I believe for most people, and I don't know what most is I'm guessing at least 95%. You're not going to address it, you're not going to deal with it, you're not going to think about it. You're not going to do what I do and read articles and watch videos every night of your life. You're going to turn on the TV if you really want to be informed. You're going to watch abc, NBC, cbs, and get the drivel they feed you. If you're my wife, and I love my wife Sandy, I know you're going to hear this show.
You are the country. You're going to turn on the masked singer and watch that liquid candy crap, cotton candy bull stuff.
You good? You good? Rusty, Am I ranting a little too much, even for you?
[00:23:39] Speaker E: I agree.
[00:23:41] Speaker A: So let's do this. Sam, how much time do we have left? I think I don't want to start something and then have to stop right before break time.
Let me do this. I want to. Oh, good, good. We have two minutes left. That's perfect.
So let's do this.
I want to. When we get back, I want to get Rusty's view on financial allocations, on diversification and moderation. I want to talk a little bit about the banks. I want to know more what you think. You and I have aired out 401ks. When we've talked, we've aired out gold and silver. You know, you had me deeping, you know, deeper into reading about uranium. You taught me it's more than just gold. You know, gold IRAs, you know, hard assets in your safe. You taught me looking into gold miners.
You've brought me deeper than I, you know, the thought you would. So let's do this. We're hitting the break time. Reach out to us. If you would come in and sit with us, meet us. Let us be a second opinion on your finances. Or just come in and say hi to us. We're at 623-523-0444 or you can email us teamothermoneyshow.com and we'd love to meet you so again, that's 623-523-0444 or
[email protected] Make sure you check out our YouTube channel. You'll get to see what Rusty looks like and you'll also get to see our beautiful shorts and clips. And we're at about 700 subscribers now, so help us get over that mark. And we do have almost a half of a million views of our videos and shorts. So we'll be right back. Thank you so much for for being with us.
[00:25:22] Speaker C: All of Junior and Anthony's listeners receive a free consultation just for listening to the show. Visit anothermoneyshow.com.
[00:25:35] Speaker B: You check your account balance and realize you have no idea where your last paycheck actually went. Bills are piling up. That nagging anxiety kicks in and you wonder, how did I even get here? If that hits too close to home, you're far from alone. And April just happens to be the one month of the year the entire country stops to do something about it. I'm Jim Tarabokia for the Retirement Radio Network powered by Amerilife.
[00:25:59] Speaker A: Financial literacy is so important because it's what you're going to base the rest
[00:26:04] Speaker B: of your life on resource wise. John Ford of cnbc bringing up an obvious but important pointer about money and finances. April is National Financial Literacy Month. It started back in the early 2000s when Congress realized too many Americans were leaving school without the first clue about how to manage a paycheck, a credit card or a financial future. Fast forward to 2026 and the problem hasn't gone away. In fact, nearly half of us adults still give themselves a C minus or worse on money knowledge. And as CNBC's Bertha Combs tells us, one of the best investments you can give yourself learning how to manage your money.
[00:26:41] Speaker A: You know, we all work very hard for our money and we should learn how to make our money work for us. And I think if you invest in knowing how to manage your money that it will pay off as you get older, it'll pay off in your life.
[00:26:58] Speaker B: It's about knowing enough to stop making the same expensive mistakes and finally starting to make decisions that move your financial life forward. So here are five quick financial wins you can achieve this month. Review one monthly bill and see if you can cut, renegotiate, or cancel it. Follow that with pulling up your free credit report and spot any surprises. Next, set one small savings goal. Even 20 bucks a paycheck counts. Don't forget to learn just one new money concept, like how compound interest actually Works for you instead of against you. And maybe the most powerful one, sit down with your partner and or your kids and have one honest conversation about money. No judgment, just a real talk. While Financial Literacy Month won't fix every financial bump in the road you may have, it can be the month you finally stop feeling helpless about money and start feeling in control. So pick one thing. Do it this week. Because the best time to get smarter with your money was 20 years ago. The second best time right now in April for the retirement radio network, powered by Amerilife. I'm Jim Tarabokia.
[00:27:59] Speaker C: This is another money show.
[00:28:02] Speaker A: Welcome back to another Money show. Thank you so much for being with us as always. We tell you we're little tiny fish in a great big pond and we value your support. We love meeting you and we are having a wonderful time doing this radio show. Four years this month we've been doing this. So thank you so much for keeping us going. So today we have a friend of mine named Rusty with us. And Rusty is.
He's definitely a genius. I haven't had his IQ tested yet, but the years that I've known him, I know that he's a genius.
So I'm so glad you're here. A couple things before the break, we were talking a little bit about, you know, I asked about Rusty's thought on diversification and moderation. I'm going to put you on the spot here and ask a question. I know over the years the word prepper has come up. There used to be a show on TV when people were first worried about the world called Doomsday Preppers. There was a follow up called Doomsday Bunkers. The people that they depicted, the people that they showed, they.
There was a different level of preparedness. The word prepper comes from the word prepared, which should be a good thing. You should always be a good boy scout or girl scout. You should really, you know, if you haven't, you don't need it. So what? But if you need it, you don't have it. You could have a problem.
Are you prepared? I mean, have you put food and water away? Are you, you know, if something happens tomorrow instead of in the, in the, whatever we think 10 years, 20 years out, are you, are you ready for that?
[00:29:29] Speaker E: I've been getting more into that side of the equation.
I used to be pretty much only, okay, I'll be financially prepared. And then when that time comes, I can be able to do things. But then you kind of realize when you live in a place like Phoenix, that might not be enough to just prepare for the monetary side of it and have no water allocated or no food.
I've, I now I, I try to keep at least a month's worth of food here.
I think that might be enough. Maybe not, I don't know, we'll find out if the time comes. But I do think it's important to have, you know, at least a couple weeks worth of food. That way if supply lines or any kind of craziness comes, you're ready.
[00:30:22] Speaker D: And it's so cheap to get to those buckets off like Amazon are like
[00:30:27] Speaker E: a hundred bucks and you can get
[00:30:28] Speaker A: a month's worth and really, I mean that's how people should live. That's actually they should be at any time. You know, hurricane, what is it? Superstorm Sandy and hurricane Katrina and things around the world have taught us that, you know, we should at least be able to, to take care of ourselves for a short period of time. If, you know, when you say a month, if things go on longer than a month, then we have bigger problems and we have to hope if anything happens it's an emergency. It's somewhat short lived but. And I can tell you what I mean, you know, people talk about, I don't really need to prepare, I just, you know, I'm going to raid my neighbor's house or my brother, my cousin. They've been preparing, you know, they're not preparing for you, they're praying for them for themselves.
I've always said if the, you know what hits the fan. I think the most important thing before guns and ammo s over gold, food and water. Most important thing, have a good support structure, have a team. You're going to need to have people to talk to. There's safety in numbers. I look at it like this. I moved to Sun City a few years back and I look at it like this. I've gotten to know some of my neighbors. I know which ones are Vietnam vets. I know which ones are politically on one side of the aisle or the other. I know which ones, you know, think that being prepared is a good idea already.
All I did was start getting to know them, which is the right thing to do anyway if you're neighbors. But I went a little bit deeper to kind of feel out who's around me and the ones that I get along with, we, you know, I know that if things get weird we can kind of band together and I'm going to be really crude and blunt here for a second. If it's weird like, you know, people are roaming the streets to try to find food and you look at three houses and mine's in the middle. I promise you it's going to be easier to get into the two houses next to me than mine. I'm going to make it where I feel like, you know, we have better odds by not putting our head in the sand or succumbing to severe levels of normalcy bias. So good, good that you are awake to that.
Let's go into something else financially. So you know that I am very as a financial advisor I have a problem. What I'm worried about financially stocks, bonds and banks.
So if you're a financial guy, what are you supposed to tell people? You know, we do help people on how to do water storage, you know, room and monetary constraints. We talk about that, we talk about having some physical cash at home for any kind of a short term emergency with the banks. It's something that Anthony I try to bring up regularly because everywhere I go I make, I meet these people. They have no idea that this is a thing. We are on a fractional reserve system.
What this means and I'm just going to give you the 101 version of this stuff with the banks. If you put money in a bank, it used to be where the government, in their infinite wisdom, the people you know that are 39 trillion in debt, they told the banks you have to keep 10% reserves. I think 10% is nothing if we had a modern day run in the banks. But fast forward to Covid days on March 16 of 2020. The government said, you know, we have to spur growth, we have to get back out there. We're going to let you out of your homes again one day. So banks, you don't have to keep any reserves. Every single dollar that goes into your financial institution you can use for credit cards, mortgages, reverse mortgages, mortgage backed securities, derivatives, whatever you want. They never put the reserve back on. It still sits at zero. Fast forward to a couple weeks ago, April 1st.
They relaxed the rules further on the big banks, the systematically important banks such as Chase, Wells and B of A. They said you have to do less record keeping and reporting now.
This is insane. The FDIC insurance everybody feels warm and fuzzy because I don't have more than a quarter of a million dollars in my checking account. The, the reserve amount currently the current number, the Insurance Fund has 1.4% coverage on your money.
If, if you're Mark Cuban, you're probably going to be okay. We got to see that with Silicon Valley Bank a couple Years ago. If you're Rusty, Anthony, Sam Jr.
Macy, are you going to be okay?
I, I.
Let me turn over to you because I know Anthony's all right. I told you, Rusty, he's never gonna let you talk. But I want you to talk. What is your thought about the banks?
[00:34:52] Speaker E: I wouldn't trust the banks.
They're kind of a gatekeeper as it is. If you try to make any kind of withdrawal above a limit that they're comfortable with, they're going to get a little bit nosy into what they think you're doing.
They're really you. It's kind of funny if you think about the banks. You, you, you would think that large institution would be its own autonomous institution. But as it turns out, the banks and the government are very much hand in hand with each other.
You know, the banks don't offer any real privacy for your finances.
They, they will report you to the government. They're not your friend in any way.
[00:35:39] Speaker A: Didn't we learn.
I think we learned a couple years ago.
Go ahead.
[00:35:43] Speaker E: I think being independent of the banks is critical to personal freedom because how
[00:35:50] Speaker D: do you do it?
[00:35:51] Speaker A: That's a problem.
[00:35:53] Speaker E: Just say that outside of the system, keep it away from them. Don't use other than your bills.
Don't take unnecessary loans.
[00:36:05] Speaker A: And a couple things about that. One, we learned that big industry, big business in general, not just the banking industry, is that way. When they were able to get around the security restrictions from Apple phones, when the government wanted data, they got it. When the government went to Cabela's Bass Pro shop and want to know who's buying guns, they got it. When they looked into Christian bookstores to ask who's buying Bibles, they got it. So this is the world in which we live. When you talk about getting out of the system, that's difficult to do, especially for most people that don't even know it's a thing that they should, you know, you should have some physical cash. You should look into cryptocurrencies. Whether you like it or not, it's coming. So you should maybe have a Coinbase account or a Kraken account. We talk about insurance companies all the time. You can ladder your money out with an insurance company or where it's 100% guaranteed. You can do anything from one year to your lifetime pension with an insurance company. And they contractually have to guarantee your money or they couldn't operate. So there are options. You know, I want to give you a quick story that one of our clients ran into just within the Last week. So this person went to a bank and was getting ready to pay their taxes. So the person. I'm not even going to say the gender. I'm going to keep this very generic and vanilla. The person went into a bank with $5,000 to deposit in the bank. They weren't asking for five grand. They were taking five grand in the bank. So the bank teller seemed perplexed. Maybe it was the teller's first day on the job. I don't know. I wasn't there. But it seemed awfully odd to the client that the bank teller was, like, bobbling the money, like, trying to count it by hand and having trouble, and then put it into one of those machines and had further trouble.
I think this is me with my tinfoil hat on. I think the teller was buying time to press a button under the counter or to notify management that there was a large cash, which I don't consider five grand to be a large amount per se, but it was very noticeable to the client that the teller couldn't handle a $5,000 deposit. So then.
Then a person in a suit, she said it was a man. Oh, I just ruined the gender. This client is a woman. I'm sorry. I got busted. I'll say her name, address, and mother's maiden name soon. And pets first. Pets name. So this, this.
This client said that a man in a suit came out and stood not too far from. From the teller and the teller's window and watched and never said anything.
So the teller's bobbling the deposit. You know, Then a man in a suit comes out and just watches. Doesn't say anything to the teller, doesn't say anything to the client. Just stands there until the transaction's done and she leaves. And I'm like, holy cow. We keep hearing for the last years about people, you know, they ask you questions, you know, I need five grand. What are you going to do with it? None of your business. You know, it used to be funny to me to say cocaine and hookers. It's not funny anymore. I shouldn't have to address to you what I'm going to do with my money. But anyway, so now I'm hearing my first story of somebody who's been scrutinized for depositing $5,000.
And I'm sure, Rusty, you're aware of this. There's a thing called a suspicious activity report. If you start getting into FinCEN and different, you know, federal organizations, if the teller thinks the transaction, whether deposit or withdrawal, is suspicious, they are required to do A report. They don't have to have a legal pad to pen. They just do an, on a little paragraph online saying why they think it's suspicious and they cannot tell you.
So I think what this poor client went through was being put in a database under a suspicious.
[00:39:51] Speaker E: Highly likely.
[00:39:53] Speaker A: So that, that's frightening. That's terrifying.
[00:39:57] Speaker E: Yeah, they've, they've set up a system to where they want to be able to catch you. They consider bad people based upon financial transactions. But yeah, the comical thing about it, we're living in a time of inflation. You know, $5,000 today is not what $5,000 was even 10 years ago.
[00:40:20] Speaker A: Nowhere near.
[00:40:21] Speaker E: So the, the necessity of larger transactions just to get by in everyday life is going to become more normal.
And yeah, the, the framework that they've set up is for much smaller denominations. So, you know, through the rampant indebtedness of the American people, they are going to, yeah, they're going to make anybody who's above water look like a crook.
[00:40:53] Speaker A: But they can't catch their own. They, you know, I mean, that's really,
[00:40:56] Speaker E: at the end of the day, what they plan on doing. And I find it disgusting.
[00:41:01] Speaker A: First when I, you know, I talk a lot about the haves versus the have nots. I talk a lot about how the rich get richer, the poor hover in, the middle class shrinks. They, they can never find their own problems. You know, they, they, Bob Menendez and listen, I'm talking to you, if you're still one of our listeners in your wife. But they, they can certainly find somebody who's putting five grand in a bank, you know, they can find that problematic, I assume.
So let's talk a little bit about how some of this plays out.
When I talked about stablecoin, I mean, obviously when the fiat currency is at the end of its reign with the government's finger hovering over the reset button, when that happens, we've been saying on this show for a long time, you've been warned.
You've been told about Fed, now you've been told about central bank digital currency. I talked about it to clients and friends. 25 years ago, there were people talking about how the end of the line's coming. You know, this is a quarter of a century ago.
Our new currency is going to be called the Amaro.
So I mean, this is not new to me. But now it's actually, we can see it. We can, we can read. Al Gore's Internet shows us we can read all kinds of stuff to know that it's here. You know, here's an article I found on coininterestrate.com how new FDIC rules impact stablecoin yields.
So you know, we used to get interest not much over the last 20 years. The. This is. This is more governmental control. I guess I'm going to start with the bottom line. I don't like this article and the other two that I read that are similar because it's 100% we are going to be beholden to the corrupt. I'm sorry, the allegedly corrupt government that runs our system. Let's see here. If you hold stable coins to earn interest and stable coins government, what are you saying our next currency is going to be? Oh yeah, stablecoins, huh? So if you hold stable coins to earn interest, you will want to keep an eye on the new set of rules proposed by the US government.
In early April of 2026, the FDIC released a detailed proposal on how it plans to enforce the Genius Act, a new law designated to bring stablecoins into regulated banking system. The government's main goal is safety for users of regulated stable coins. Baloney.
Safety. The government says 39 trillion trillion deaths. Worried about my safety.
Another example of another good time for me to say stop peeing on my leg and tell me it's raining. Let's see here. The new rule issuers wait to hear this. Issuers cannot pay interest.
Because the government wants issuers to act like highly secure digital cash providers rather than banks or investment funds. They are placing limits on what insurers can do with their money.
Under the proposed rules, a stablecoin issuer is not allowed to pay you interest or yield just for holding their coin.
Furthermore, the issuer is not allowed to lend out the cash reserves backing the stablecoin to try and make a profit. Because they cannot lend out the reserves, they cannot generate a return to pass on to you. Anyway, I'll read one more thing. What if the issuer partners with a crypto exchange and the exchange pays me the interest? The FDIC proposal addresses this directly. The rule states that an insurer cannot pass the interest it earns onto its.
I'm saying the same thing three different ways. The government is your daddy. Who's your daddy? Toby Keith? It's your government and they are about to change everything you've been used to. You know, there's a thing on the Facebook going around. Dave Ramsey says, don't give up cash. Dave Ramsey, one of my favorite authors, says, don't give up cash. You need it for garage sales. You need it to give to Your grandkids, you need it for all these things. Don't give it up. But Dave, you're right. So the government is about to take control of everything and now the government's. I'm not going to be able to have interest. What kind of control are you saying?
Give me your thoughts. Rusty, what do you think about this with.
[00:45:07] Speaker E: I think it's one step closer to, you know, controlling the population in terms of their behavior. You already see this in China to a large degree, the social credit score. If you, if you jaywalk, you know, they'll, you know, limit your freedom. You know, you might not be able to use a train or a plane to get around the country.
I, I think they're, they're setting up probably a similar system here.
You know, if you're not going to like it, if you have yard gnomes in your front yard, you're a bad person.
[00:45:39] Speaker A: Yard gnomes with AK47s or without? Are we talking like gardening yard gnomes or.
[00:45:44] Speaker E: Yeah, they might. Yeah, they could come up with any arbitrary reason to make you look bad.
Yeah, you think? Yeah, I, I'm still kind of recovering from the way a lot of the governments reacted to during the COVID situation.
I am still appalled by the fact that not one of these politicians, many of them actually got reelected, which I find amazing in its own right. But nobody got perp locked for shutting down business.
[00:46:17] Speaker A: Have you ever heard the name Timothy Geithner? You're young. I know you, you guys are young.
[00:46:22] Speaker E: Geithner.
[00:46:23] Speaker A: When Bear Stearns, when, when Lehman Brothers, when Goldman Sachs, when all the big financial turkey. Big to fail institutions, you know, when all the, the wrongdoings went to light, where did the key players go? They went to work for the government. Sure. They went out of their shenanigans and into the government. It's the same thing it's always been. It's always going to be. And you know, when you talk about China and social credit scores, there are enough videos that I don't believe, you know, are AI. I've seen enough. They can stop you from getting food. When you talk about travel, that's one thing. If they can stop you from getting groceries, that's frightening. Could that happen in this country? Is this bigger than me and my little tinfoil hat? Is this World Economic Forum? Is this agenda 2030? Is this, you know, is this like really, really the direction of our future?
[00:47:12] Speaker E: I think, I think we're headed that way. I think, you know, when you mentioned the crypto stable coins, it's kind of Like a foreign language. To me, it just seems so alien that anybody would want to be part of such a system.
[00:47:27] Speaker A: What if they make you. They made you stay home?
[00:47:30] Speaker E: I think it'll be very easy for them to force people onto it for one reason or another. People tend to have a view that the government has their best interest at heart, even though all of human history seems to oppose that viewpoint.
Yeah, they're gonna. They're gonna couch it in very accommodating ways. You know, hey, if you join the. The Fed now program, we're gonna double your balance or. Or something like that. And. And it's going to be so easy to pitch to people who, you know, are so crazy in debt, they're going to take it.
And I think it's all by design.
[00:48:14] Speaker A: Again, the finger is over the reset button, and a lot of people have nothing to lose, and they're gonna welcome it.
There were people that if they could get a half of a day at work, they went to get the COVID vaccine. There were coupons that you could get 5 or 10% off on a certain day at Safeway if you got a vaccine there. There were coupons for a free Krispy Kreme donut. If you show your vaccination card, I'll call it a passport.
It was insane, absurd. Do you know what I did? You know what I did? And anybody that knows me knows this about me, so I don't feel like I'm giving too much of my HIPAA protected, you know, medical information.
I refused to go to a concert because you either had to show your vaccine card or you had to get tested right there. I didn't go on a vacation that I could have gone on, Anthony. Where. Where was the vacation? Coast.
I didn't go to Costa Rica because they said you had to get tested or approved, that you're vaccinated to go on the plane. So I decided, and it was. I was invited to go. It was paid for. I could have gone for like four or five days to Costa Rica and had all the food and all that stuff provided as long as I was a good little soldier.
[00:49:26] Speaker D: All you had to do is take a test, you know, make it sound like you really sacrificed for the nation.
[00:49:31] Speaker A: And you know what? Now I'm a conspiracy theorist, Anthony, And I admit that I've never been tested, never been swabbed. I don't trust people, even to the point that I know that how they vaccinate cows, they take a big, huge Q tip and they put a vaccine on it. And they stick it up their nose. I don't know that people that got swabbed weren't vaccinated. I don't know. You know, I'm not a medical person. I don't know much about shedding. I don't know about all that. I know that at the time when I couldn't put two and two together and make four, I wasn't about to have them put anything in my nose. I wasn't about to have a Q tip, swab my tongue, my throat, my nose. Not going to happen.
[00:50:04] Speaker E: It's a violation. Yeah, the, the whole, the whole thing was a madness of crowds event and a attempted consecration of the greatness of government.
It was pure insanity. Looking back on it and I'm rolled over.
I think I had Covid long before anybody else did because the casino I worked at at the time had a very large overseas Chinese population that maybe got exposed before any of us. And yeah, I remember that December that I got hit with something that I hadn't had before, but clearly I overcame it. I never got the jab.
But it's crazy to me how many of the pop politicians wanted, wanted me to be unemployed because I was unwilling to take a medical experiment that had yet to be proven.
[00:51:05] Speaker A: No, I, I'm the same and I, and I know Anthony. I see it a little bit differently. I am a, at my core, I am a conspiracy theorist. I, I don't think they're conspiracies. I just think were being had. And for me it was like to roll over and go on vacation, go to a concert, go to wherever. It's just not going to happen. I'm too worried about being.
I want to hit one more thing.
I know we only have you for another couple of minutes. I want to hit one more thing. When I talk about the direction how things play out, whether it's total governmental control and social credit scores.
Something interesting. One of the brighter people on the planet, you know, up on the level of the four of us, Elon Musk. This is an article from January 10th of this year. I'll share with people if they want it because I have to skim through it. Elon Musk says people shouldn't save for retirement. Yes, I'm a financial advisor reading this to you. Elon Musk says people shouldn't save up for retirement as money won't matter in the future.
The world's richest man, Elon Musk, who is seeking $139 billion compensation package. Good for him. That makes him smarter in my view. Or urge people not to worry about stashing away money for retirement as it won't matter in the future. Musk, who is worth over 720 billion, claimed that artificial intelligence in the future will create an abundance of goods and services which will leave money worthless. Appearing on the podcast Moonshots with Pete Diameters, Musk told listeners, one side recommendation I have don't worry about squirreling away money for retirement. In 10 or 20 years it won't matter.
Discussing the progress of AI and the time to reach general intelligence for machines, Musk said that AI will become so efficient and capable that it will drop the cost of everything to the point where money won't matter. He said everyone will have universal high income, adding that if any of the things that we've said are true, saving for retirement would be irrelevant. He explained that robots will supercharge productivity, which will create a good future for anyone to have whatever they want.
There's more to this. It's basically saying if you're going to work in the future, it's because you choose to, not because you're going to have to. I mean, Anthony, I've talked about UBI Universal Basic Income over the years. This is saying that we're heading that way so none of this matters.
[00:53:33] Speaker D: That'd be interesting. But that is it for today's show. Thanks for joining us. Really appreciate having you on, getting to hear you and Junior chat. Well, mostly just me listening in the background, but anyways, for everybody else listening to this week's episode, if you like what you heard, you have actual financial questions you want to get a hold of us, reach out at
[email protected] find us on the web anothermoneyshow.com give us a call 623-523-0444. The number again is 623-523-0444.
Until then we will see you next Saturday at 5am and noon right here on 960 the Patriot.
[00:54:20] Speaker C: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation visit anothermoneyshow.com investment advisory services offer through Brookstone Capital Management LLC. BCM. A registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated are not guaranteed. Past performance cannot be used as an indicator to determine future results.
[00:54:59] Speaker D: Have you ever made a dumb financial decision you wish you could take back? Are you worried one wrong move in retirement could wipe away all your years of hard work and savings? What if I told you it doesn't have to be like that? If you had a financial mishap during your working career, you at least knew that you had paychecks coming in to replenish that money. So? So why should your retirement be any different? Most companies stopped offering pensions decades ago, but what no one tells you is you can fund lifelong pensions yourself. I'm Anthony Correo, co host of another Money show airing Saturdays at noon on 9 60, the patriot and the fourth generation of financial advisors at Rochford and Associates in Sun City. Give yourself the peace of mind of having income you can never outlive in retirement by adding a page pension as a part of your retirement plan. Assets come and go. Income is forever. Reach out to us at 623-523-04 or find us on the web at anothermoneyshow. Com and let us help you plan for your lifetime income in retirement.
