September 26, 2025

00:55:54

Global Banking Trends & Bubble Concerns

Global Banking Trends & Bubble Concerns
Another Money Show
Global Banking Trends & Bubble Concerns

Sep 26 2025 | 00:55:54

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Show Notes

Join J.R. and Anthony on this week's episode of Another Money Show as they dive into the latest financial headlines and trending topics. They discuss the implications of U.S. companies closing locations, banking and digital currency concerns in Vietnam, and the sustainability of the stock market's current bull run. Tune-in for energizing commentary on the economic landscape and potential challenges ahead.

✅ Analysis of American companies closing locations across the U.S. and its broader economic implications.
✅ Examination of banking and digital currency concerns in Vietnam and potential parallels to the U.S. economy.
✅ Discussion on the stock market's all-time highs and the factors influencing its sustainability.

 

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About Another Money Show:
We’re your hosts, J.R. and Anthony. We want our listeners to be informed of not only the standard rules for investing but how to invest based on the uncertain world around us. We want our listeners to be prepared – not scared. Being aware of potential pitfalls allow our listeners to be proactive in their finances, not reactive!

Meet J.R.: J.R. Rotchford joined his family’s business, Rotchford & Associates, in 1998 after serving in the U.S. Air Force, graduating from ASU and working for a newspaper and then an elevator company for a short period of time. He has experienced the peaks and valleys of the financial services industry for going on a quarter of a century now.

Meet Anthony: In 2018, Anthony Carrao became the 4th generation of the family business after leaving behind a career as an Industrial Engineer. Anthony now uses his knowledge base in strategic planning and cost savings initiatives for individuals and families to better their financial situations, instead of saving millions for large corporations.

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Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Rotchford & Associates 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.

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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. [00:00:18] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and J.R. rochford. [00:00:42] Speaker C: Here we are, your hosts, Anthony Crayo and Junior 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, Arizona and actually taking a break from our day job too as we are recording from Laughlin this week for my little brother's 21st birthday. So anyways, we're going to give you financial news that you're probably not hearing from other advisors on the radio. Definitely not advisors coming to you from a hotel in a casino. We're, we're aware the last thing you need is another money show, but we appreciate you being here. [00:01:17] Speaker A: So yes, we're in Laughlin and if you're an existing client, please don't check your account for a while because we need a little seed money. So we're, we're here on your diamond. We just, we want you to know we appreciate it. [00:01:27] Speaker C: We believe in profit sharing though. Yes, yes, if there were profits, we would share them. [00:01:32] Speaker A: But the good news is you also might have double your money when you return. So this is not bad. So let's start out with shout outs. And by the way, I apologize for my voice. I, I don't know why, but I'm a little bit under the weather. I'm pretty sure I'm dying. So if you want to send flowers, we are, we're in Sun City. We'll give you the address. So shout out real quick. We had a couple from the radio show. Uh, they've been listening for about six months apparently and they came in last week. I, I want to tell you, they're awesome people. Young, retired, you know, great income, great assets, no debt. It was like so cool to be able to kind of work with somebody and, you know, tweak their, their future a little bit, you know, supplement Social Security and that sort of thing. And these people have been to other advisors and I love that. I mean I think next to your health, your money is the second most important thing. So if you go to different brokers, if you kind of interview people, I don't that, that doesn't bother me at all. I think it's very smart. So the only thing I would say is come to us last because we are probably going to be who you go with. So anyway, shout out to that young couple. We're so happy to meet you. If you've been listening to us, you already know this. But our goal is to make sure you're prepared and not scared. We want to make sure you're proactive and not reactive. That's what we're gonna do again this week. We've got a little bit of news for you. And I want to start out, I did have one, only one, which is kind of cool. One person reach out to me and asked me if we're going to break up again. So apparently last week with. [00:02:59] Speaker C: Seriously? [00:03:00] Speaker A: Oh yeah. [00:03:00] Speaker C: So people keep asking that. [00:03:02] Speaker A: With Anthony being mean to his old gray haired, decrepit stepfather. We, we think it's good for you to get two different perspectives. The couple that was in specified, they wanted both of us to be in the appointment. They wanted my almost three decades of experience in the office and I think gray hair and they wanted Anthony's more technolog, more modern view on this. And when I said last week that Anthony listens to comedians and music and I scour news sources all week, that's part of why I commandeer the show because I feel like I, I have such a handle on the pulse of our country and our world. So, but just so you know, I mean we, we're not going to break up. We're not going anywhere. We've been on here for three and a half years. Never ever re aired an episode. We've had a new one every week, doesn't matter what week it is. And, and that's the plan to continue as long as Anthony's nice to me. I found an [email protected] and it's very interesting. I didn't see this on any of the main news sources. I only found it in more obscure news. So I figured I would bring the article to you. The great reset in motion. Vietnam's banking overhaul as a warning to the world. So when I give you a little bit of this information, you're gonna be like, that's Vietnam. What does it have to do with me? I think what's going on currently in Vietnam, it's been going on for about a Year and a half that I could, you know, find out here. I think what's going on is coming here rapidly. I wouldn't bring this up to you if I thought this was isolated to Vietnam. So let me read a little bit of this to you. Do you notice how I'm losing my voice? And yet Anthony won't offer to read it to you. But I'm not bitter. [00:04:45] Speaker C: I can't read. [00:04:46] Speaker A: Anthony can't read. If there were pictures, Anthony would be able to put together what's happening in this high wire. [00:04:52] Speaker C: I only speak in emojis. Reach out to [email protected] and I will send you a an email full of emojis. [00:05:00] Speaker A: Anthony hates emojis. Anybody knows Anthony. And it's funny because you shouldn't let your stepfather know that because then he will send extra emojis. Just think. So let me get into a little bit of this and then we'll break it down a hair. While not reported here in the US the current actions being taken in Vietnam are unusually sweeping and are indeed the most aggressive in recent memory. What exactly is happening as the nation surrenders to the deep state's great reset? Does that sound like it could happen here, kids? Vietnam has erased and or frozen 86 million unverified. Do you like that emphasis? Million with an M. Unverified bank accounts. Specifically following orders issued by Vietnam's state bank in late December 2024. Bank accounts, both individual and corporate legal, whose holders have not provided. This is where it gets scary. Biometric identification, which with valid updated ID documents on file will be suspended. In other words, anyone wishing to operate on a daily basis in Vietnam must relinquish their biometric data in order to possess a working bank account. According to the big dog over there, his name is Fam A Tuon. So according to Fam, I'm just going to call him Fam because his last name is a little heavy for me. This is Fam. Hey, fam, if you're listening, you come on the show and you can say your name and then I'll get it right. So this is a data cleansing revolution. While the total number of bank accounts remains 200 million by September 2025, once the legal framework is complete, all accounts without biometric data will be closed to prevent scams and fraud. Really? Is that what it's about, Fam? After seven years of promoting non cash payments, sounds like us again. We are moving forward towards real efficiency. [00:07:13] Speaker C: So they're going to close it down to prevent fraud, but they're just going to steal all the money in those accounts. [00:07:18] Speaker A: They're clos. They're seizing the money and we don't think it could happen here. We've been shouting to you for three and a half years. You need to first familiarize yourself with the term bail in. That's what Vietnam just did. They did that like Cyprus did it, like Greece did it. So I do I, I highlighted most of this article, but I'll just read a little bit more because this will kind of tell you what I think is coming to a bank near you sooner than later. So to achieve its goal of cashless controlled society, the the Vietnamese government approved the features and goals outlined in its project on developing data applications on population identification and electronic authentication to serve national digital transformation 22 through 25 with a vision to 2030, also known as Project 06. To achieve its strategic objectives. The overriding prerequisite. So Daffy. The overriding prerequisite is the successful construction of a highly interconnected. Kevin, are you listening today? Whip out the jargon generator once again. Anytime I bring something important, the double speak. And the hazy speak pops right out. So the overriding prerequisite is the successful construction of a highly interconnected core database on population, social credit scores, kids. So the Vietnam's national database on population serves the most critical role, operating as the heart of the digital government, linking and transferring information with. With other cashless geared database. Hey, fellow conspiracy theorists, I know you're out there. I know if you listen to the show you're open to what I have to say that this is social credit scores. This is a bailin. This is a cashless society. I'm going to call it central bank digital currency. So that, and I believe that that is coming to this country sooner than later or I would never have brought this article up because again, who cares what happens in fam land? Vietnam. [00:09:44] Speaker C: What was the. The bank we talked about during COVID and we're actually, we were just. [00:09:48] Speaker A: China. It was in China. [00:09:50] Speaker C: What did I say? Thailand. I literally just said it. I don't even listen to myself when I'm speaking. So in China, during COVID that one bank that they found to be mostly fraudulent, when they shut down all their accounts and then they closed or they were protesting, right? Not having access to their money and they've tracked their phones and then gave them digital health scores that they went after them. Do you remember this? [00:10:16] Speaker A: I do. [00:10:17] Speaker C: And I thought he's like, I forgot about that. It's been a long time since we talked about that. Story. I was just gonna say we're talking about Nosedive. That Black Mirror episode. The social credit scores. [00:10:25] Speaker A: Oh, if you're younger, like Anthony's age. Actually, Anthony and Sam got me watching Black Mirror. It is really good. It's good. Psychology wise, it's good, like exciting. So I. You know what? I said I would not read all this because I literally have the whole article highlighted pretty much. But I do want to know what's affected in Vietnam. When fully synchronized, VSS will be fully integrated into local and national databases for birth registration, permanent residence registration, health insurance card issuance for children under 6 years old, death registration, removal of permanent residence registration, and funeral allowances. In other words, Vietnam will be able to track every movement of every citizen from birth to death. So either you agree with me that this may be coming here, or you don't. But either way, I would look into it. I would look it up and I would be ready just in case. Well, how do I get ready? If they're going to seize my bank account? I would pay down debt. I would buy hard assets. I would put some cash at home for prepping for this to happen. I would even go as far. But this is me. I would go as far as to have some barterable things. I mean, if you're so inclined, even if you don't drink or smoke, you may want to put 500 bucks. You may. Sam's holding up a fiat currency dollar. Do you know that's lost 93% of its buying power in the past six days or five hours or something? So Sam's got a dollar. I. Wow. That's kind of cool. I don't have one, but I'm married. Oh, wait, Sam, you're married, too. So Sam put on the board Silicon Valley Bank. Anthony loves to talk about Silicon Valley bank because that thing took a dump. And Mark Cuban had his money the next business day. You know what was not affected? The fdic, the Federal Deposit Insurance Corporation was not their insurance fund. The depositor insurance fund was not used to cover those accounts. And those accounts were huge. They were not 250,000 and under like you're supposed to have. So. Very interesting. [00:12:43] Speaker C: Yeah. Was it like less than 5% was actually covered from the FDIC? [00:12:47] Speaker A: Yeah, I mean, insane. So I. And I, you know, if you've heard me say it. But make sure you make your way to FDIC.gov, poke around, do a search, look for statistics. At a glance. Go. It's a big chart, kind of fine, small print. So good luck. Old people like me when you get to the bottom left hand corner, you're going to find dif, the depositor insurance fund. And you currently have in insurance on your bank 1.3% coverage. Think about that. Every hundred dollars you earn, the bank, they will give you, if they stay solvent, $1 and 3 cents. [00:13:28] Speaker C: That's not exactly how that works, but anyway, 2022 Kenan banks protest. That was the Chinese banks, if you're interested in looking up that story. And we covered that a lot, you know. Oh yeah, we've been on the air for a long time because we were doing that when it was happening. [00:13:44] Speaker A: Yes. So anyway, so I don't mean to harp on this and spend too much time on it, but I just want you to know things are changing and underneath the surface or behind the scenes or however you want to say it, we are definitely likely to head this direction. So, and you know, when we talk about the bail in it, it's been in place. I mean, in this country, if you look up the Dodd Frank, remember Barney flank, if you look up the Dodd Frank Regulation of 2010, it spells out you're an unsecured depositor. So if you're not worried about your money in the banks, talk to us and we'll at least make sure you're awake, aware and nimble with your money. So should we move on? Should we hit something else? Why don't we go to an article from the Hill? Just because I find it interesting and I think when we get to the central bank digital currency, by the way, if you're a political minded person, Trump came out and he said we are not going to do a central bank digital currency. He's very much against it and yet he's putting in place a bitcoin reserve. What do you think that is? Can you take your bitcoin to Walmart right now and buy stuff? You cannot. So the other thing is just recently the, the act, the Genius act was passed and it's basically saying we're going to use stable coins, which are cryptocurrencies, and we're going to back them with the completely worthless fiat currency. We're going to back air with air. So I find that interesting. Anyway, this next article is from the Hill and it's on the 15th of September. I, I love this because it's straight out political. And that's the mood I'm in today. Representative Marjorie Taylor Greene renewed her call for a national divorce to divide the country along partisan lines on Monday. There is nothing left to talk about with the left. They Hate us. Greene wrote on the social platform X. To be honest, I want a peaceful national divorce. Our country is too far gone and too divided, and it's no longer safe for any of us. Wow, this is heavy. To think this like I do and think it's coming is one thing to be a representative and to come out and say this publicly. So apparently MTG thinks it's more likely than not, I would imagine. Let's see here. They assassinated our nice guy who actually talked to them peacefully debating ideas, Greene wrote in her social media post on Monday. Then millions on the left celebrated and made clear they want all of us dead. We're so polarized on so many different levels. And the government, I don't think the media, which, and I repeat myself, that is also the government. I pretty sure, you know, it's very narrow when you look at who owns all the media. I believe they have actually pushed us to this point. And anybody that says the left does not want you dead, you need to poke around. It's all available on YouTube. I can even send you some videos that freaked me out. Basically saying, charlie Kirk is first. We know who we want to be next. So it's, it's absolutely disgusting. But I, I don't think that this is wrong. I actually unfortunately think it might be right. [00:17:13] Speaker C: No, but it's so funny because they're like, oh, the left is doing this and that. The right did the same thing. There was no, it's the same. It's absolutely the same sides. I'm just so tired of it. [00:17:24] Speaker A: And Anthony's right. I should have gotten an article also from the other side with Hortman. I mean, that would have been a fair thing to do. My thing is, I remember years ago when I started putting a little food and water away, when I started looking into what's in a bug out bag. Sandy, my beautiful bride. Sandy said something interesting. She said, you can't wait for the you know what to hit the fan. And I was just shocked that she thought that way. So basically, as somebody that went to an all boys Catholic military boarding school, somebody that actually joined the military, served active duty, I, when I look at my life experiences, I really, really don't want to see what I think is coming. That doesn't change the fact that I think it's coming. We had a guy, we used to go to a, like a class and there was a guy that said, just because you don't want to see it doesn't mean it's not happening. Thought that was odd. My mom When I was a kid, used to say, just because I'm paranoid doesn't mean they're not out to get me. It's like, interesting. So MTG said the quiet part out loud, as the kids all say, and I hate to see it. I. I don't know. I don't know how much time we have left. And then I don't think it's going to be next Wednesday and obviously I think it'll be more like Thursday or Friday, but I do think it's coming. So, Anthony, are you ready for. Are you end time? [00:18:49] Speaker C: So we're. [00:18:50] Speaker A: Well, the end times both. Scripturally. [00:18:52] Speaker C: Yeah, I'm prepared and also not worried. [00:18:54] Speaker A: So Anthony's not worry. [00:18:56] Speaker C: We'll get on with it. And I don't know again, there's always been stuff to worry about. [00:19:01] Speaker A: Not as much. No. [00:19:03] Speaker C: There was though. Like things actually happened. There actually was a civil war. Like we actually had a World War II. We actually had a great Depression. Look at us now, we're thriving. We're so rich. The stock market is. Everybody's so rich. [00:19:15] Speaker A: So the stock market's had three trading sessions at least when we peaked in right before recording. By the way, Today is the 25th. Today is Thursday, the 25th of September, as we record. So I'll give you a couple thoughts on that. Anthony, you are correct. We had a civil war. We had a black plague. We had. We had a great depression. You know what? We didn't have all of those things at once. And that's what I think is coming. Let me tell you. [00:19:41] Speaker C: We only got ultra processed food. We can survive fannings, so you can desalt water. Like, I don't know, we can control the weather. Like there's so much that we can do now that we couldn't do back then. [00:19:53] Speaker A: And are we controlling the weather in a good way or bad way? I mean, the only reason I have some sort of a chest cold today is because our government's controlling the weather. This is completely brought on by HARP and chemtrails and 100% processed food. I do love me some salami. I'm not going to lie to you. So, yeah, you know what, And I'll give you an idea. We are in unchartered territory. I don't think anybody can deny that. I keep saying I think we're in an everything bubble. I think the financial markets are being propped up and I mean huge. I don't know if there's any legitimacy left. The financial markets, and I'm a financial advisor Saying that. So it would do me well not to say those things. We actually don't sell stuff as much as we should to make everybody happy in our little, little world. So financial markets, real estate, I think we're in, in a through say 2009. I think this might be worse. And we have like 6 to 7% interest rates. You know, people aren't even buying their first house till they're in their 40s. Poor young kids, starter homes, 400 grand. Yeah. [00:21:02] Speaker C: So if you would just pass away and I could inherit a house. Wow, man, why are you so greedy? [00:21:07] Speaker A: You know, good luck, fight with your mom. You're gonna have to live with your mom. See how I feel. See what I go through on a daily basis. Wait, Sandy, are you listening? Sandy, I love you so much is what I meant to say, but we broke up there for a second. Not you and me, just on the radio. So commercial real estate, nobody wants to go back to work. You know, after Covid, people don't want to go back to their office. They like working at home with their pajama bottoms on. So. And also for these big huge notes that the people that own office buildings have, they were real low interest rates and now when they renew they're higher. You know, banks, I mean that's obviously we talk about that all the time. There's no money in the banks. You know, the thought of a bail in the 37 trillion in debt. Make sure you make your way over to US debt clock.org and poke around. We owe 37 and a half trillion in debt. As a nation we never had the BRICS plus nations wanting to get rid of us. So that's pretty new. The BRICS is only about 15, I'd say about, well, Jay's 21, so about 15 years old and now it's growing like a weed and we don't even talk about it. You know, obviously geopolitics, when you look at the thought of China re annexing Taiwan, why it hasn't happened yet, I'm not sure, but it's going to and we're going to be involved. So Russia, Ukraine, that's still going on. Israel, Hamas, Palestine, all that stuff's going on. So I, and I agree with Anthony. There's always been something to worry about. I just don't think it's been this many. And I think because everybody's got a cell phone, we're in a 24 hour news cycle, the information is so widely accessible that people can all know about it. I'm sure we had a lot of stuff that people didn't even know about. You know, just whatever they got from the nightly news. Well, that's all changed. So we want to thank you so much for being with us. We greatly appreciate it. We would love to have you come in and we'd like to meet you. I mean, you know, not all in one day. We'd like to meet you scattered out sort of. But give us a call, 623-523-0444. Or if you're shy like me, you can always email [email protected] and we would love to sit with you. I love what Anthony says at the end. We don't have quotas, pressure, no minimums. We just want to be a second opinion. Anyway, we will be right back. [00:23:24] Speaker B: All of JR and Anthony's listeners receive a free consultation just for listening to the show. Visit anothermoneyshow.com. [00:23:44] Speaker C: Hi, I'm Anthony Corayo, co host of another money show airing on 960, the Patriots, Saturdays at noon and partner of Rochford and Associates in Sun City. If you've heard our show, you know it's more news based and how current events could affect your finances versus an hour long infomercial. Well, now it's time for that infomercial. But I don't need an hour each week to tell you what I can say in 60 seconds. The key to a happy retirement is income. Income, income, income. Clients with low assets and those with high assets all have one thing in common, a fear of running out. Assets come and go. Income is forever. Self funding pensions is the key to a happy retirement and we can help you do it. Reach out to us at 623-523-0444. That number again is 623-523-0444, or find us on the web at anothermoneyshow.com and let us help you not worry about your retirement. [00:24:42] Speaker D: Is retirement just around the corner? It might be time to start imagining the foundation of your retirement budget. I'm Jim Tarabokia for the Retirement radio network powered by Amerilife. Most people spend decades saving for retirement, but far fewer spend time planning how they'll spend in retirement. According to a recent study by CNBC, 64% of Americans are more worried about running out of money in retirement than they are of actually dying. Andrew Biggs, senior fellow at the American Enterprise Institute, tells CNBC that growing fears about retirement finances are pushing more Americans to keep working later in life. [00:25:18] Speaker A: We have more options for extended work lives today than we've ever had before, and Americans are taking advantage of them. [00:25:24] Speaker D: Without a clear retirement budget, it's easy to go off track, either by spending too much too soon or holding back out of fear and missing out on the freedom you've earned. At a recent TED Talk, award winning financial planner Amir Rocha Lima revealed how true freedom and retirement budgeting go hand in hand. [00:25:40] Speaker C: Yes, you need to know your numbers. But knowing how much you need to ensure your dream retirement becomes a reality is completely intertwined with knowing what your dream retirement looks like in the first place. [00:25:53] Speaker D: To help keep your retirement years both secure and fulfilling, here are four tips for navigating your budget. First, get clear on your monthly must haves. We're talking about essentials. Housing, healthcare, groceries, transportation. Next, think about what makes retirement meaningful for you. Travel, Picking up a new hobby. Helping the grandkids with college. This is your time. But even purpose has a price tag. Then take a close look at your income sources. Social Security, pensions, investment withdrawals. Each comes with its own set of rules and tax impacts. And finally, check in with your budget. Every year life changes. The markets. They shift. Your priorities might too. A little regular review can go a long way in keeping you confident and in control. Retirement budgeting isn't a set it and forget it moment. No, it's a new chapter. And like any good story, it needs a solid outline. For the Retirement Radio network powered by Amerilife, I'm Jim Tarabokia. [00:26:53] Speaker A: Hi, I'm JR Rochford, host of another money show airing Saturdays at noon on 960 the Patriot. If you've heard our show, you know it's more news based and how current events could affect your finances versus actually telling you what we do. I'm going to tell you what I've seen time and time again to be the very key to a happy retirement. And that is income. You would think that those without much money in retirement are the only ones worried in retirement. What I consistently see is that those with less large sums of assets are also just as worried. That worry always comes from the fear of running out. Stop worrying about your assets. Assets come and go. Income is forever. I believe self funding pensions are the key to a happy retirement and I can help you do it. Reach out to us at 623-523-0444. That number again is 623-523-0444, or find us on the web at another money show dot com. [00:28:00] Speaker B: So let's break down the big stuff without the boring. It's money time. This is Another Money Show. [00:28:08] Speaker A: Welcome back to Another Money Show. Thank you so much for being with us. I know we say it every week, but we greatly appreciate it. We need your support. We are coming up again on renewal time. Another six months went by, so I, I think we only have a week or two to decide on staying with you. So. And we asked this last time because each six months we really want to know more about who's listening, what your thoughts are. So if, if you have any thoughts on whether we should renew. And I suppose if you heard this right now, that means you're a listener. So if you didn't hear this, then we don't want your feedback. But anyway, so let us know if you like what you're hearing. And, and we always ask you to share us with people. I mean we, we do work hard in the office, we work hard on the show. So if you can help us, we would love that. How we can help you. If you, if you'd like a second opinion on your finances, we would be honored to give you one. If you have an old 401k, a lot of people are like, well, no harm, no foul. It does nothing but go up. You know, there's no fees. You know, they're not charging me. Well, they, they are charging you. It's via spread. It's also a government sponsored plan. So fam over in Vietnam. How do you think that's going to work out? So, but we can be a second opinion. Anthony's passion in life is to make sure that we help you with pension money. We want to make sure you have different forms of income so you can supplement Social Security. So we want to help. My father used to, he had a. I don't know if he stole it from another advisor probably. My father wasn't great, but, but anyway, my father had a thing. He used to say, I like to reposition assets for a more favorable result. He's like, if we can help people and it betters their situation and we make a living doing so and the companies we use, you know, have a new client, we all win. It's a win, win, win. So I don't know why that just popped in my head, but it did. Why don't we get on to another. Here's a little another article. This one's kind of uplifting compared to, you know, a national divorce and, you know, biometrics and social credit scores. This one is from the street. I got Anthony to laugh. I like this. I like. We're here together next to each other and it's nice. He's actually got a personality. I've never seen that before when he's at his house. Rude. I'm sorry, that was too far. So here's from the street.com and it's from the 21st of September. 99 year old retail chain quietly closing over 500 stores. Well, wait a second. Everybody keeps telling me the economy's good, we can lower interest rates, we don't have to worry about any of the foundation, you know, PE ratios be damned. Unemployment, inflation, don't forget, inflation's only transitory so we don't have to worry about all that. But here's one for you. When a huge retailer steadily shuts down stores without making a major announcement, it can be hard to see the enormity of the move. Some retailers have made no effort or have been given no choice when it comes to talking about their store closures. Rite Aid for example, has been winding down its entire operation with all of its stores state slated to close. That has brought attention to rivals CVS and Walgreens, both of which are also closing hundreds of stores in 2025. [00:31:33] Speaker C: What's happening to the pharmacy industry? Because that is huge. Like you think that's pretty much a staple. You know, you need grocery stores, you need gas stations, you need a pharmacy. So how are they all failing so horribly? [00:31:46] Speaker A: Well, we're going to get, what's his name, the, the guy in New York that's going to be the governor. He's going to have state run grocery stores and pharmacies. So they be okay in New York. I'm worried about Arizona. So. Yeah, no, it, it's, it's. We're in a very changing landscape right now, so let's move on. [00:32:01] Speaker C: What are they being replaced with? It's a genuine question. [00:32:05] Speaker A: I mean I just. Online commerce. [00:32:07] Speaker C: Are people getting pharmacy stuff online? Can you do that? [00:32:10] Speaker A: Think so. I mean I, if, if I were you and you're listening, not that I want to give any specific recommendations, but I, I wouldn't, I would go to Canada. There's, there's Canadian pharmacies where you can just order what you need, the refills for your prescriptions. You don't have to drive to Mexico and take a chance by being beheaded headed anymore. You can just go online and order stuff from China. Yeah, I mean, well, through Canada, but it always comes from China, just so you know. And that's whether you buy it at Walgreens or Canadian pharmacy. So. And you know what? Walgreens, we talk about it. I'll Tie this in with the financial markets. Walgreens was taken out of the Dow Jones industrial average last year and Amazon was put in just now. A light bulb went off. Maybe Wall street is smart enough to know that Amazon is overtaking Walgreens on pharmacy sales. So maybe they're positioning it to actually help the Dow Jones. I don't know the Dow Jones. That's only 30 companies by the way. So let's get to what store is closed. Losing over 500 stores. 7 11, however, is so big that its decision to close over 500 stores hardly got noticed. That's partially because the company isn't publicly traded in the United States. And while it does release financial results, they're not covered nearly as much as they would be if the company were traded on a US Exchange. The chain has methodically thinned out its store count. When it's finished, it will be roughly 550 stores smaller in the U.S. that's huge. I mean that's a lot of stores, you know, and everybody's saying how strong the economy is. But the bankruptcies, both personal and corporate are at amazing levels. Like record setting levels. The auto loan, late payments, no payments, the subprime auto loan, the credit card, 1.3 something trillion debt. It's all creeping at us like the old expression how did you go broke really slowly and then all of the sudden. So that's what's happening here. I'll give you a few other closings, a couple key retailers and their stores. Closure plan. Macy's, if you've ever heard of Macy's, closing 66 stores in 2025. Overall plan is to shutter about 150 stores. [00:34:28] Speaker C: No, they were around. I thought that was like Sears and Dillard's. [00:34:31] Speaker A: Yes, they're still a thing. Broadway. I didn't know Macy's was. [00:34:34] Speaker C: I saw Tower records when I was in Ireland. [00:34:37] Speaker A: Really? [00:34:37] Speaker C: Yeah. I didn't know that they existed at all anymore. There was one in Dublin. [00:34:42] Speaker A: There was one on Central Avenue. When you were growing up. [00:34:44] Speaker C: Yeah, that was like a big staple. [00:34:46] Speaker A: Yeah. Brightly lit. People were cruising in their cars around Central Avenue. I forgot about Tower. That was huge. So Silo, remember Silo? Circuit City. [00:34:56] Speaker C: There's a lot of City was fun. [00:34:57] Speaker A: Yeah, I mean these, those are pretty big stores. CVS Health closed 900 stores between 22 and 24. They plan to close 270 more in 2025. Walgreens, Boots Alliance. I don't know what that Boots alliance means. Closing 333 stores in 25. Party City, closing 738 stores in 2025. The chain is being liquidated in Chapter 11 bankruptcy. Party City. That sounds like the happiest place on earth. Yeah. Disney, I'm talking to you. Disney. How do they call that? The happiest? Have you ever been there? Kids are in line. I'm cold, I'm hot. I'm tired, I'm hungry. Shut the hell. You got to wait in a 45 minute line to get on the undersea adventure and all people are doing is complaining. It's not happy. Sorry. Hey, Disney. Walt. Walt's kids, if you're listening, I apologize. It's happy. It's great. It's like party city. Happy level. So Kohl's. I know your mom likes Kohl's. I know there's one of those around us. Closing 24 stores in 25 express. What's an express? Never heard of it. But they're closing 107 to 110 stores. [00:36:05] Speaker C: I think that's a clothing line. [00:36:06] Speaker A: Oh, that's my favorite. Let's see here. Why is Seven Eleven closing stores? Declining foot traffic, decreased cigarette sales, shifting consumer preferences. So basically the chain has decided to cut its fleet of underperforming locations while remodeling hundreds of stores building new model 7 11s. [00:36:33] Speaker C: It'd be nicer if they'd. Cleaner bathrooms. [00:36:35] Speaker A: Cleaner bathrooms. 7 11, if you're listening, you know, put one of those sheets on the back of the door where every hour you come in and you clean and you have to initial it so we can hold you responsible. So cleaner bathrooms. We're worried about the corporate demise of the country. You know what Anthony's worried about? Cleaner bathrooms. That's it. So that's the good news. They're going to remodel when they only have two stores left. They're going to be real bright and shiny with real clean restrooms. So I guess that's a happy ending, if you will. We are broke. The country's broke. In mass. There's a lot of people doing great. The 1% is doing really well, but there's a lot of people that are broke. You know, I've been always saying the middle class is shrinking big. The rich are getting richer, the poor hover, the middle class is shrinking. And you know what they didn't mention here on store closings, which I'd be kind of interested in to know about a lot of stores in big cities. I'll call them Democrat run cities. You know, with looting and some of the stuff that we've seen on tv. Are they closing just because it's cost prohibitive to have somebody steal all your stuff and you don't even get arrested if it's under a thousand dollars worth or some, you know what business. [00:37:42] Speaker C: So good on you for getting it political again. That's. Bring that all back around. [00:37:47] Speaker A: Yes. So if you're listening to us and you live in a blue city, I think if you listen to us, you're likely to agree with me, sir. And you know what I mean, we're financial people for a living, but this show is on current events and how they're going to affect our future. And I can tell you what the. I mean, under the surface there's a lot of things bubbling. So politics is going to be important in our world no matter what. I'm not going to go heavy into this because it's not going to affect you if you're listening. It's not going to affect our clients. But according to Zero Hedge, on the 15th of September, it's a crisis. A whopping 67% of American workers are living paycheck to paycheck in 2025. We have talked about that for years. There's people that don't even have $500 in a savings account for an emergency. So 67% though, I mean really two thirds of the country are living paycheck to paycheck. That sucks. I mean, sucks for, for the people that are in that situation, but it really sucks for the country because things are going to get more expensive and guess what happens as you're listening to this, you'll hear this Friday night if you're a podcast person, you'll hear it Saturday morning at 5 if you're an early morning riser or noon on 960 the patriot. So on Tuesday, some more good news for you. On Tuesday, there's another government shutdown. So good job government. And I know. Anthony, what are your thoughts? Do you think it'll matter? Do you think we're all going to die on Tuesday after midnight? [00:39:19] Speaker C: No. They'll raise the debt ceiling. They'll do all the, all the other stuff, the same stuff that they do. Right. Because Trump was supposed to be financially responsible unlike everybody else. But nope, it's all just going to be the exact same as it always was. Noise will be. It's nearly. Can't be. [00:39:35] Speaker A: Isn't that a. Who's the band? Who's the band? Talking Heads. [00:39:39] Speaker C: Talking Heads, yes. [00:39:40] Speaker A: Good. [00:39:40] Speaker C: Same as it ever was. [00:39:41] Speaker A: Same as it ever was. Good job. Stay up late. You need to listen to the Talking Heads song Stay up late. So the only thing I will read from here. The report surveyed 1,000 US workers aged 21 through 69. This is kind of shocking. PNC, that's my least favorite bank, if you want to know that. But a PNC bank's annual financial Wellness in the workplace report shows that 67% of workers now say they are living paycheck to PayCheck, up from 63% in 2024. You're telling me year to date we've got a 4% rise. And I know they didn't survey me. I don't know who they get to and how, but if surveys have any credibility that then this scary is. You know what? 4% in one year rise. That's crazy. [00:40:36] Speaker C: 4% rise isn't scary. The fact that it's significantly over half or even close to half. But I mean, think of what you've seen in the last 30 years in this job. We've got some clients that have probably never made close to a hundred thousand in their life, but get along just fine and do well. We've had a few people sit with us, bringing in hundreds and hundreds of thousands a year who have nothing to their names. People just like to spend. So some of that's a crisis. Some of that is people with spending problems. But it's still. There's a much larger number than it should be, that's for sure. [00:41:11] Speaker A: And you know what? Anthony's solution? If you've been hearing our new commercials, it's like, have you ever made a dumb financial mistake? Income, income, income. We have solutions. Let's say we boost up your income and then things get sketchy. At least next Friday or the following Friday or next month, at least you're going to have a little replacement money. So we cannot just give you bad news. We can help you solve it and reposition things. Reposition your assets for a more favorable result is what we specialize in. We just move stuff all over the place. So something for you. Let's see here. This is from. How much time do we have, Sam? [00:41:50] Speaker C: 15 minutes? 13 minutes. [00:41:52] Speaker A: Time? [00:41:52] Speaker C: 12 minutes. [00:41:53] Speaker A: We got time for me to rant and rail. By the way, I can't wait to hear this episode because you know how I have a little. A little tiny child's voice. I feel real manly right now. Like this cold is giving me a real deep, manly voice. So I am. [00:42:07] Speaker C: If you were buying cigarettes from 7 11, they could have stayed in business. [00:42:10] Speaker A: I buy all my cigarettes from. From. What do you call? Reservations. Oh, and then I don't pay my taxes. [00:42:17] Speaker C: That's my modus operandi and that's why the government's poor. So all of this circles back to you being the problem. [00:42:23] Speaker A: I mean, I'm pretty selfish. I can see that. So here, here's something for you from the, this is from the wealth advisor from 16 September. President Trump's earning report debate could pose challenges for investors. President Donald Trump has turned his attention to a long standing Wall street practice, reviving a debate that could reshape the flow of information for both companies and investors. His latest proposal, US Public companies should report earnings every six months instead of every quarter. Sam, you're a financial advisor, we're financial advisors. This is huge. So this is big news and it didn't, it doesn't make it to the mainstream news. Is that because people don't care? Is it. You have to have a need to know this stuff. You have to be in the industry. This could affect the entire country. [00:43:17] Speaker C: Wall street loves earnings reports and they love pretending like they mean anything. So the fact that they're trying to hide it for six months as opposed to every three months, what are they trying to hide? Where's my tinfoil hat? [00:43:31] Speaker A: You are such a conspiracy theorist. I'm always glass half full here. And then Anthony, the reason I let him talk, he's always so negative. I'm a little ray of sunshine. Anthony comes in and bursts my bubble. So let's see here. Trump argued on Truth Social that such a change would reduce costs for corporations and allow executives to spend less time preparing filings and more time running their businesses. The idea isn't new. He floated a similar suggestion back in 2018. But the conversation carries fresh weight as market dynamics evolve and more companies weigh the trade offs of staying private versus going public. For wealth advisors and RIAs, the debate goes beyond political talking points. The cadence of corporate earnings is central to how investors digest information, allocate capital and manage risk. A shift from quarterly to semiannual reporting would touch nearly every aspect of portfolio construction, from fundamental analysis to client communications. So, you know, if you, if you have mutual funds or whatever, if you're getting a quarterly statement again, change that to a twice a year statement. I mean, that's huge. My office manager that I had for about 14 years, her main job, every quarter when statements came in, we used to override. They wanted us to go, you know, they wanted us to go paperless. This is going back years and years and years. They, you know, greed, they don't want to kill trees. They want to Be environmentally friendly. Baloney. It was a cost saving measure. But whatever. You know, here I'm being cynical like Anthony now. So they. Every quarter, Janet would reach out to every client and what it was. Do you have questions? And I can tell you right now, most people didn't even open their statements. But do you have questions? Do you want an appointment with jr? You know, how are you feeling? If things were going up or steady, nobody ever had questions. If things were going down, people had concerns. So that. That always leads me to the fact that everybody wants 10% return with no risk and fully liquid, which we can help. We can. We. You know, if we weren't recording, I would promise all kinds of interest rates and put them in writing and then sign Anthony's name to it. But we, yeah, we. We can't promise rates. So what do you think, Anthony? Do you think it's a good thing? Do you cost saving, any of this stuff or. [00:45:57] Speaker C: No, no, no. I don't think any of it matters. Nothing matters. Life is pointless. [00:46:02] Speaker A: Life is. Are you listening to this? I noticed Anthony was looking out the window earlier this morning, and I noticed the windows don't open. That's if you're in Vegas or laughing. And there's a casino on the ground floor. And like us, we're on the 14th floor. Actually, you know what? Know what we figured out? Because Anthony's an engineer, we're actually on the 13th floor. [00:46:25] Speaker C: So. Mitch Hedberg joke. If you jump out, you're gonna die sooner. If you think you're on 14, you. [00:46:31] Speaker A: Can move the 13. We know what you are anyway, so I think that that's brilliant. If I lose $100,000 on the blackjack table, at least I can't do a nose dive into the parking garage. [00:46:44] Speaker C: But to answer your question, the releasing of the numbers, like I said, they pretend like it means something. You know, the stock market will change because they didn't hit their report. Or they didn't hit their numbers, or they hit their numbers, but it wasn't as much as they wanted. So that's what's going to move the market. But the truth is, most of these companies aren't even making profits. And it doesn't matter. The sock still goes up, right? You still have PE ratios of nil because there's, you know, there's no profits to be had that doesn't negatively affect the stock. So why these numbers mean anything? They don't. So I don't care. Report them every five years. [00:47:23] Speaker A: Okay. I mean, I'm. I'm good. With that and I agree. I remember it was before Anthony got in the office, but I remember the, the Arthur Anderson and the different accounting methods, scandals and cooking the books. I mean, I think unfortunately some of the numbers might not be quite as valid and legitimate as we like to think they are anyway. So just give us last, give us two of those baloney numbers here instead of four. All right, moving on. Let's talk for a second about something. We've had an interest lately in people talking about long term care planning because we're, we both took the course and the training exam. We're certified long term care specialists. So we, we have, we're pretty well versed in long term care. I can tell you the last 20 years how the landscape's changed from what I've seen up close. If you are younger, say you're in your 40s, 50s, 60s and your premium is whatever, actually it's you, it's usually very expensive but they do price it to sell, not to keep. So if your premium is let's say four or five, 600 bucks a month, they're going to take that premium for like 10 years. And after 10 years of paying that thing every month, you've got a lot of skin in the game. And then they start raising it. I am a perfect example. Real life story Sandy and I got long term care insurance at MetLife when we were in our 30s. Then we switched it to Woodman of the World, a fraternal organization. Then we switched it to John Hancock Life. So we've had three different long term care policies. We were able to switch for two reasons. One, they don't start raising your premiums at all until you're in your 40s. Most companies, so it's just if you buy it when you're 19 versus 39, it doesn't change. But then it starts going up at 40 so. Meaning you can kind of switch plans and no harm, no foul as long as you do it before you're 40. So we got a beautiful plan. It's really good. It's a five year, it's got a shared care rider so we can help each other with coverage. It's comprehensive insurance, it's in home. It's also adult daycare, skilled nursing, all that. It's full. It's got a compound inflation rider. It's got a 30 day elimination period which means deductible. So they waited until last year. I've had this thing for almost 20 years. They waited till last year and we got a renewal and it was up Noticeably, I'm not talking 8, 10% like we're used to. It was up like, I don't know, 25, 30%. So these people, no offense to them, I'm sure they still love me. They waited till I was 60 and they know that I'm likely to need care when I'm in my 70s or 80s. So now that I turned 60, they raised our premium and I think that's baloney. [00:50:03] Speaker C: Well, you're kind of helpless now. Why can't we use it on you? [00:50:05] Speaker A: Now there's nobody that we could reach out to in the medical field that wouldn't think I should turn it on right now. Nobody. That two of six activities of daily living, they're like, oh yeah, you're at 5 right now. We're amazed that you can button your own buttons on your shirt, you little man. So yeah, and by the way, we have a company that you can leverage your money using a fixed annuity or a life insurance platform. And you can if you put in say $100,000, if you get preferred, your leverage from for long term care goes to $303,000. If you get standard, which it means most people, you know, you're on some meds, you've had some health issues, you get standard 202%. We just had a client, thank you so much. That did this for his wife and what she put in, she got standard. She got 202% leverage from day one on her money. [00:51:00] Speaker C: Well, it's a 10 year or a five year vest. [00:51:03] Speaker A: Yes, well, yes, but I mean like if she dies, she gets all her money back. If she doesn't need long term care and she wants her money to use for income, the interest is nominal because all of its energy goes towards long term care leverage. But this thing's beautiful, you know, would I, would I suggest that when you're 80s? Nope. But if you're listening to us and you're in your 50s, 60s or 70s, we have solutions because there's only three ways to handle long term care planning. You either are self insured, meaning you're, you're wealthy, or you have insurance, which means like me, they're going to raise you until you don't or you spend down and in Arizona you go into the ALTEC system and we are well versed in all three of those methods. So we can actually help you if you need a second opinion on that area. With that said, we're down to two minutes before Anthony takes over. May I ask you a favor? If you're listening please go on YouTube, go to YouTube and look up another money show. We need help. We've got like 350,000 views of our videos and shorts, so. But we need people to like and subscribe and help us grow that thing. So that's, that's been a passion of mine and Sam and Shelby, I mean this, they're doing such good work on the thing. So please, please help us. You're up. [00:52:18] Speaker C: Is that it? That's all you got? All right, well, that's the end of the show, folks. I didn't bring my little. You would think after all these years I would remember all the things. So anyways, if you like what you heard, if you have any questions on the show today, any of the topics we covered, reach out to us at team at another money show.com find us on the web. Another money show.com we can book appointments straight from the website. Remember that if you do want to come in, there's no minimums, there's no cost for appointment. It's really nothing to lose by getting a second opinion on your financial situation. So until then, we'll see you next Saturday at 5am and noon right here on 9 60, the Patriot. [00:53:02] Speaker B: Thanks for listening to another Money Show. You deserve to work with a private wealth management firm that will stretch strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management LLC, BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results. [00:53:40] Speaker C: When you were younger, did you ever make a dumb financial decision you wish you could take back? As you're nearing retirement, are you worried one wrong move 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, at least you know you had paychecks and coming in to replenish that money. 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 pensions yourself. Give yourself the peace of mind of having income you can never outlive in retirement by adding a pension as a part of your retirement plan. Assets come and go. Income is forever. I'm Anthony Carrel, co host of another modern day funny show airing Saturdays at noon on 9 60. The patriot and the fourth generation of financial advisors at Rochford and Associates in Sun City. Reach out to us and let us help you self fund your own pension today at 623-523-0444. That number again is 623-523-0444. Or find us on the web at anothermoneyshow.com. [00:54:55] Speaker B: At rochford and Associates. We know the road to financial freedom is not a straight path and the journey is different for every family. And in times like these, we want you to feel confident that you're safely on track to meet your retirement goals. [00:55:11] Speaker A: We want to ask you to prepare for economic chaos. We want you to prepare for bank volatility. We want you to ensure and protect your assets with a smart plan. [00:55:19] Speaker B: Our team can help you make the most of your hard earned savings using strategies that are right for you. [00:55:25] Speaker A: I want more people to sit down with us when we talk about a financial plan. It's different for every person we meet. We tailor make our plans. [00:55:34] Speaker B: Schedule your no obligation consultation today by calling 623-523-0444. That's 623-523-0444. Rochford and Associates veteran, owned and proud to serve Americans like you.

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