[00:00:00] Speaker A: Thanks for listening to another money show. Make sure to rate us everywhere you listen to podcasts, including Spotify.
[00:00:06] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. Junior and Anthony are committed to helping more americans like you optimize their income, reduce their tax risk, and reach financial freedom. So let's start the show. Here are your hosts, Anthony Corrello and Junior Rochford.
[00:00:30] Speaker C: Here we are, your hosts. Hosts, Anthony Correo, 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 the greater Phoenix area to bring you information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. And Junior said this episode is going to be special and different. And before he rails off on all of that, I want to say happy birthday, art. I know it was yesterday. Well, actually it's tomorrow from when we're recording, but I know that you listen every week, so you're going to hear this. So happy birthday.
[00:01:10] Speaker A: I thought his birthday was tomorrow. I thought it was on Friday.
[00:01:13] Speaker C: It is, but this airs on Saturday.
[00:01:15] Speaker A: Oh, well, maybe Art finds it wherever he finds his favorite podcast on Amazon.
[00:01:20] Speaker C: Or Spotify birthday today then, just in case he hears it on the actual day.
[00:01:24] Speaker A: Yes, Art, thank you for listening. And I know that you left a message last week. Macy told me about it and then I've been in the office several times and I have forgotten to listen to it. You had a show idea. You, she said it was something about whenever I talk about the insolvency of the FDIC that I should bring up, like we have solutions for you or something to do with us. We need to promote ourselves better. So I appreciate that. I'll listen to your message as soon as I can remember.
As long as we're doing shout outs, let me give a couple more. We learned this week that Arlene and Peoria, one of our very first listeners, apparently she's still listening. So two and a half years later, Arlene is still listening. And she has been in the office. So, Arlene, thank you so much for listening. Mike. We saw Mike from Frank's auto this week. I think we're going to do nothing but an hour long shout out this week because we have so many people that we really need to do acknowledge. So, Mike, thank you for joining us at the West Valley men's networking happy hour. If you're a listener, and you're a dude. I know that's sexist and wrong, but you got to be a guy. We, on the second Tuesday of every month, have a men's networking group, and there are no do's. There are no elevator speeches or 30 minutes commercials or 32nd commercials. It's just guys hanging out. It's a happy hour. We had one of our very favorite people, Kevin came this month, and Kevin does not drink alcohol. You know, we've had Darrell come in the past. He doesn't drink, so don't think that you have to drink, although it's at Throne Brewery. So if you do drink, you're in the right place, but you don't have to drink. It's good time, we have good conversation, and it's just fun. So, if you're a man and you're listening and you want to meet us, but you're too scared to have an appointment with us because you think we'll try to sell you something, show up in a fun environment, and buy us six or seven beers each. We would appreciate that. Michael C. We missed Michael C. From Sun City this week, but there's a lot going on. Michael C. Who was consistently my favorite source, he did give us one thing this week, Anthony. He told us that Timothy Walls, the hopeful vp up a coming, wants to get rid of the electoral college. So, yeah, I mean, that's been talked about for years and years. We want the national popular vote. You know, good job, Tim waltz. You open the border. Well, you didn't do it, but your. Your party has completely opened the borders of our country, let millions of people in, and now you want to make sure that everybody's vote is counted and not just a representation of each state. If you don't know what the electoral college is, you. You need to be familiar with it because it's under attack. You know, they want to pack the supreme court. There's a lot of stuff up and coming. If we vote a certain way that you might want to be aware of. But anyway, thank you, Michael.
All right. Is that enough shout outs? Can I move on? I do want to when I'm on shoutouts, you know, our job here is to sound alarms. We tell you we're not like the other shows. If you make your way into our office and you want traditional financial planning, you want to talk about Roth conversions, you want to do that. We do that. You. I have to sit on my hands. I mean, you. You want more sitting with Anthony than you do me? Because I. At this point, I can't help myself so much, but we do traditional financial planning. This hour a week is about sounding alarms. Our thing. We want you proactive, not reactive. We want you prepared, not scared. So this hour, you know, we kind of shake you and wake you up. So you do your financial planning. So it's, let's see here. Oh, Sam, good, good call. Sam said to make sure I mention financial planning is something worth paying for, but you don't have to. We do complimentary consultations. Anthony's rolling his eyes. He's like, this is not infomercial. Sam and Jr chill. So America needs to chill to. America in general needs to chill. So anyway, so some of the listeners that text me things, they don't text it to Anthony. I've noticed, I noticed. It comes to me. I get messages, emails, texts, and a lot of them are they, I mean, they get me going a little bit. There's stuff that basically gets me going. We had one this morning that came into the office phone. So Macy texted over to me for the show. I'm not going to give the name of the client, but here's, here's, I'll say, somebody wake it up. Hello, my friend. I've been, I've been, I think I've been spending too much time on social media lately. Either that or am now more aware of what a bleep show will surely come to pass. How much cash do you think I need to have on hand in my floor safe? First of all, don't tell anybody else other than our office. You have a floor safe. That's number one. Don't tell anybody you put cash at home. That's number two. And the amount and you name it about here. You said $10,000, question mark. I will tell you something. The amount is completely personal. Do I think you should have cash at home? Absolutely. You know, if we get to, we'll talk about the CBDC that's inching closer. We'll talk about that later. But until that day arrives, yes, have some cash because we're also going to talk about power grid failures and cyber attacks. So. But this is a person, this shocks me that this person is asking this question because this is somebody that would never align with me. 100% align with Anthony, not me. So to be reaching out, good on you. And yes, have some cash. The amount is up to you. It's personal. 500, a 1000, 10,000, whatever you think is a good amount, that's what you should.
[00:06:44] Speaker C: People still like to hear. I mean, I get that. It's a comfort number, but I think it depends a lot on your overall net worth. But I would say a comfort number is five to ten grand.
[00:06:56] Speaker A: Absolutely.
[00:06:58] Speaker C: In most situations, you know, obviously, if that number sounds way too high for you, then two to three.
But if, you know, if we say five to ten and you don't bat an eye, maybe five to ten, maybe a little bit more. But I know it is hard to say without knowing everybody's specific situation, but we get a lot of people to ask this question. So I would say rough numbers. If you can't do more than a few hundred, do a few hundred. If you can do a few thousand, do a few thousand. But if you're a decently net worth individual and you can do five to ten grand, do five to ten grand.
[00:07:36] Speaker A: And yeah, we understand fire flawed burglary. We understand the lack of getting the whopping interest rate that you're getting from your credit union or your bank. We get all that.
[00:07:44] Speaker C: So a lot of people haven't made that transition to online banks. So there. If you can't really complain about not getting interest when you're not getting interest now, so if you have not made that conversion to online banks and you're not going to, then you really miss out on nothing.
[00:08:01] Speaker A: That is true. And you've been talking about online banks since you've been in the office. You're the one that you know, and I was aware of them, I knew about them, but you're the one that told me it's something you should do. If I can't get my money out of the online bank, I mean, that means there's problem. That means I'm not going to get it out of the brick and mortar either. In our thoughts, research the 2010 Dodd Frank regulations. Frank isn't. Remember Barney Flank? So one of our elected officials. Superhero he was. So read that. Make sure you're familiar with the term bail in. I. You know, boy, people ask me how likely it is. How would I know? I don't have a crystal ball. I don't work for the government. Although they're pretty transparent. They say everything they think.
In my feeling, it's more than a coin toss. I think it's more likely than nothing. I think it's more than a 50% chance. If I thought it was a 90% chance, I would tell you, because, you know, I love bringing you bad news every week. So you get your butt out of bed or away from the tv with the masked singer and so forth. So I don't know, but I think it's at least a 50 50. And to me, that is horrendously, shockingly scary. So act accordingly. So I read that text. Let me read a message that I got. This guy is definitely going to know who he is because I'm going to read the whole thing here. It's not that long. Anthony chilled, so. But this guy's gonna notice. I love this guy. I want to preface this. I'm not reading this like in a condescending, because this is a little more extreme than the one I just read, but this. This guy knows that we are brothers from other mothers. So listening to this week's show, obviously is referring to last week's show. Listening to this week's show, we are in world war three. People are just so asleep to this while they argue and predict when it will start. It keeps slapping them in the face and it's not getting through. It has already begun. I can't stress enough. People need to realize this and accept it and treat their lives as such. Protect your brain mind. Warfare is a modern day war. And how these people know what I will lead will know how these people will lead humanity to collapse. Boy, this is. This is tough for me. Those nations are fighting and winning and we are pretending we are not in war. They work together to eliminate the west, for God's sake. China practically took out a whole generation with TikTok while using it to raise their own generation of smart youth. They taught the american youth dangerous, totalitarian, brainwashing, creating then to only aspire to be influencers and not be able to handle emotional situations. So many do not work. We know this. We talk about it. Yet as a collective. Say thank you may please have more while they flick, flick, flick, and get dumber and dumber with each flick. They deserve this. Holy cow. That is an actual text. I tried to read that without explaining to bed.
[00:10:48] Speaker C: I know who that came.
[00:10:50] Speaker A: Yeah, go ahead and say the name. That'd be bright. No, this is insane though. I mean, this. He's spot on. It's not crazy. You know what? I'm going to jump right to crazy. I have a bunch of articles today and my modus operandi as of late is to run out of time. So I have two or three extra articles at least every week. I'm going to go to the very most scary one right up front. I'm going to do that. So this is. I want you to look this up, please. I would love to read this entire article, but then we will be out of time for the day. Do me a favor. If you have a pen and paper or. Go back and listen to this later and grab a pen and paper. I want you to look into this and let me know if it scares you or if I'm overreacting. It's a nice segue from the text I just read. So this is from greenmed info.com. it's all one word, green med info. I'm making sure you get this because I really would like your, you know, send me a text or an
[email protected]. or give us a call at 623-52-3044 the title of this DoD. Oh, by the way, that article from green med info ten 724 today, by the way, as we record, is the 10 October. We're less than a month away from the big election. So this was from the 7 October DoD. If you don't know what that is, the Department of Defense directive five two four 0.01. Write that down.
DoD Directive 5240.01, the stealth expansion of military intelligent powers in life or death domestic scenarios. That's the title. I'm only going to read a little bit of this because I really, I hope you do look it up and let me know if this is way over the top or not. So imagine waking up to discover that the us military has quietly been granted the authority to assist in domestic law enforcement activities, including the use of lethal force against us citizens in certain circumstances. Now consider that this change was enacted just weeks before an election already surrounded by concerns about unrest, civil liberties, and the potential government overreach. This is the reality of DoD Directive 5200 and 4001, reissued on September 27, 2024. Let me give you a quick thought on this, and then I'm going to read a hair more of this article. So thank you, Sam, for finding it quickly and putting it up on the screen. People are watching YouTube. Maybe I will say this. So under Obama, I'm taking you back years and years. Now, under Obama's first term, under the first term, not his second or third. Under the first term, he apparently or allegedly was working on the military, on what us troops were willing to fire on us citizens. They tried to change the military. I'm, if you know what I'm talking about. You know what I'm talking about. So this is a continuance of that.
Anyway, quick summary says new provisions. If there's a riot in your city or in your town and the police need help, that they could bring in National Guard or, or the military and shoot people. That's what it means to continue the good news. Assassination explicitly forbidden. Oh, thank goodness. So, while assassination is banned, the new language allows for lethal actions under imminent threats. I assume if the National Guard is summoned, that is probably going to fall under imminent threat. So, all right, assassination is banned, but yet, you know, if you call in the guard, then it's. It's not forbidden. Apparently, concerns about civil liberties. The expanded definition of national security threats is raising alarms, particularly given DHS broader definition of domestic terrorist threats. Okay, one last thing I'm going to read here. I highlighted a bunch more, but I hope you do look this up. High level approval required. Oh, thank goodness. Again, any intelligence sharing that could lead to the lethal force must be approved by the secretary of defense. Oh, thank goodness. But component heads can act. Component heads? It should say competent heads, I think. But these are component heads of what system are. They can act immediately for up to 72 hours before obtaining approval. So you need approval to blow my head off? Well, unless you do it within 70 tower. 72 hours after an imminent threat. Oh, my gosh. This is the purge. The movie the purge. Except it's kind of like the government against the people. Not the people against the people, and the people against the government, and government against the government. So look it up. That's just the highlights of that article. It actually. The article actually includes the DoD directive, so you can read it yourself. I know, Anthony, you like to vent, verify things, so it's got the government's own verbiage. So that's the scariest thing I have today is in the next three and a half, whatever weeks it is before the election. And I'm not worried about before the election. I'm worried about between the election and the third week of January, the installation, and then depending on who's installed, then I'm worried about the rest of my life after that. But. But that's it. Not. Not much. Not excessive worry. So, um, that's just interesting timing. That's not a new law. That is not a new directive. You know, the last one was in like 2016 or 17, I think it said, but this one is suspicious timing. You know, the. The FBI is warning that there could be a domestic terrorist problems and there could be weirdness around the elections. So put two and two together and see if you come up with idea. So, moving on, speaking of guns and head blowing off and all that stuff, we. We. I went out of my financial and current events wheelhouse last week and talked a little bit about your second amendment and about how the. The, you know, possible new president is. Is going to change the constitution further and violate your second amendment rights and your fourth amendment rights in one fell swoop. So here is happening. We're not waiting for the election. Here is a zero hedge article from the 3 October. 3 October as we record the 10th. This is a week ago today. The second amendment. I get heated. The second amendment is fairly clear. Shall not be infringed. We've been infringing for decade after decade. I'm able to protect myself in Arizona. Castle doctrine, stand your ground. Concealed carry. If I'm in Arizona, I can protect myself and my family. Anthony, your family. I'll protect you. I got your back, so. But as soon as I drive my car across the California border, I can no longer protect myself. Where is that in the second amendment, that I can protect myself unless I'm in California? You know, Ted Nugent said something famously years and years ago. The concealed carry permit was a big issue years ago. And he said, you know what? The second amendment is my concealed carry permit. All right, just plant that in the back of your head in case this country gets weird over the upcoming weeks, months, and years that the second amendment is, is there if you need it. So here is a zero hedge from the 3 October. Massachusetts. It's hard for me to say that. I want to say Massachusetts sits. Mash it. You know the state I'm talking about. Governor urges emergency powers to fast track sweeping gun control law. I'll just read a hair. Massachusetts Governor Maria Mora Healy has signed an emergency preamble to the state's sweeping gun control bill, fast tracking its implementation and halting an ongoing effort by gun rights activists to delay its effects. The law, if you want to look it up, to make sure I'm not making this up. The law. H 4885. I believe that'll be something like. House Bill 4885, was originally scheduled to take effect on October 23, or 90 days after healy signed the bill in July. Okay, so far, so good. I mean, it's nothing. Cause it's infringing, so. But her decision to proceed with signing the emergency preamble means it goes into effect immediately. Under Massachusetts law, governors have the authority to issue an emergency preamble to expedite the legislation when the immediate preservation of public peace, health or safety, or convenience is deemed necessary. It's convenient to make sure the citizenry is unarmed. That's beautiful. This.
The expedited law includes provisions banning untraceable ghost guns, expanding restrictions on assault style firearms and large capacity magazines, and tightening the state's red flag rules. It also mandates that firearm license applicants wait to hear this. This gets better. Pass a standardized safety exam. All right, I love that. That's not infringing. And complete live fire training. Who's. Who's going to pay for all this? Okay? The government. I know they always have money. While this is the juicy part, while also providing mental health information to local licensing authorities. If I went to a shrink in 1994. You're going to supply that to the sheriffs. And they can enact the red flag laws. They can seize my weapons because I'm a threat. This. This whole thing, this slippery slope is, uh. It's done. Sloped. We are now at the bottom of this hill. So Sam wants to know if ghost guns are used for killing ghosts. Killing ghosts. I am all in favor of ghost guns if they're only used to kill ghosts. So, very last thing I'll read. With a single stroke of the pen, Healy risks putting as many as 400 stores out of business and turning tens of thousands of law abiding citizens into felons simply for owning guns they have lawfully possessed for years.
All right, so says here, she is acting more like a dictator than a governor. I don't know, people. You're gonna have to wake up sooner or later if you don't listen to another money show and you just watch the mass singer. Good on you. You're safer right now. If the day comes that you need to listen to old episodes of another money show, we got two and a half years worth. So we'll try to point out the ones that the important stuff saying, oh, wait, that's every single one. Exponentially more important each week. So. So, uh, Anthony, you good? Gun control? You like that? As part of our financial show.
[00:21:31] Speaker C: I mean, I know our audience, so I'm sure they do.
[00:21:34] Speaker A: Well, and I'll tell you what. Keep. What's the thing? Keep your powder dry, you know, and we're not only violating certain amendments, by the way, you do realize I talked about the first amendment a few months ago. I talked about that a little bit. I even read it to you from my little pocket constitution. Thank you so much, Randy Miller, for the supplying to me of that. So, the first amendment, which says, basically, you have rights. You have the right of, you know, freedom of speech and religion. You also have the right to peacefully, peaceably assemble. Well, it doesn't say unless there's a scary disease. Doesn't say Covid. It doesn't say if they put us into a lockdown or martial law because there's unrest in the streets or on the election of 2024. Doesn't say that, but that's what we did. We told people, stay in your house. I think, what is it minute, Minnesota. Where's Tim Walls, the governor of. I think they even went down the street and shot paintballs at people. They had a good time. They were playing like, birthday party kid paintball games in the street. Man, talk about scary hurricane Katrina. You know, don't forget the hurricane Katrina. They asked people to turn in their, their weapons. That's scary. Apparently that just happened a day or two ago in Florida. Apparently some sheriff or sheriff said, you know, you're gonna have to turn in your weapons. Um, I don't know. People make sure you make the right.
[00:22:46] Speaker C: Decisions for you and your hurricane.
[00:22:50] Speaker A: Well, you know, there might be looters. You know, you might be a looter. I don't know. So all of the bad guys, girls that live in Florida, are you gonna turn in your weapons or just the law abiding people? I though, you know, we, the argument is expansive and we can talk about it for hours and hours, not getting where. I just want to make sure people are awake and aware, because we have uncertain times coming at us like a freight train. So decide what you want to do in your house and your family and be ready. Let's move on to more fun stuff, because that was pretty negative. I do want to, I want to one thing from one of our loyal listeners. He will know who he is. I'm going to, he gives a show notes on each of our shows, which is so cool. So Sam put it now, the fun segment. We've got a bunch of fun segments to go. So this radio listener who we really, really like, I'm just going to read two sentences of this last week's show. Comments. Helene. The hurricane and FEMA. Clearly, FEMA is a bigger disaster than the storm. I love that. FEMA is a bigger disaster than the storm, which should come as no surprise. Mayorkas clearly prioritizes politically expedient funding over red state scum. Billions for Ukraine and illegals. No, sir, you call them newcomers. Billions for Ukraine and illegals, including career felons, murderers, etcetera. And 750 per family. Don't spend it all in one place. You got that right. 750. Whoo.
So for the likely Trump supporters, moreover, where can FEMA find temporary housing for disaster victims? Not in the local hotels, that's for sure. Unfortunately for the storm displaced flotsam, they have to go elsewhere as all the hotels are booked up with FEMA workers. I didn't even think of that. I've been talking about there's no hotel rooms for other, for the newcomers. And I even think, where do the FEMA people stay? Do they give them rvs, taxpayer funded rvs to go to Florida and North Carolina? One more thing with his showcase, actually, I would like to read his entire five page show comments sheet, but five pages, it was over two shows worth. So there's something funny in here. He commented on my air conditioning woes, which are still going on, by the way. So I still don't have working air conditioning in my home today is supposed to be 105 to 107, depending on the area. So something interesting. He brought that up and then he put a little chart here on the average daily temperature, and this is obviously in Phoenix, year 2020 was 96.72 degrees. So that was the third hottest year on record. So then you jump to 2024 and it's 98.9 degrees. It's ranked number one hottest year. But these are two election years. I don't, I don't know if he noticed this, but I did. So the two, the number one and number three hottest years on record are 20 and 24. In between there, when we had 21, 22 and 23, they were only 93 degrees. 94 degrees and 97 degrees. So if I know you're listening, we'll have to talk later. Is that, is that just a coincidence that the whole, you know, global warming thing is worse in election years or is that just my imagination?
Moving on. Oh, my gosh. Sam just said we only have 1 minute left before break time. Why don't I hit this real quick? North Korea just read an article last night. North Korea is sending boots on the ground in Ukraine. So if you're thinking more about Iran and Israel right now, don't dismiss Ukraine and Russia, that whole thing, because North Korea is joining the fraye. So that could be our black swan event. Who knows? You know, I mean, who knows? Why don't we do this? Let's take a break because I have so much more to get to. Thank you so much, as always, for being here. I know you know this, but we greatly appreciate you. You can reach out to us if you wish at team at another money show.com. email us your comments, your show ideas. If you need Anthony to talk less, let us know that you can also call us. 623523. I like to see you chuckle. Zero four four. So that number again, 623523, I like to see you chuckle. Zero four four. We'll be right back.
[00:27:12] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com or call 623-52-3044 that's 623-52-3044.
[00:27:48] 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.
[00:28:14] Speaker B: Youre listening to another money show. To learn more and contact junior and anthony, visit anothermoneyshow.com.
[00:28:25] Speaker A: Welcome back to another MonEy show. You know, we appreciate you being here. We, we greatly appreciate it if you need to reach out to us or if you want to, or if you want an appointment. 623-52-3044 during the break, I took a quick peek at the Dow Jones industrial average. I want to throw in something financial every show. I mean, not much, just like 30 seconds worth. So it's down 200 points, which is rare because the Dow Jones industrial average, if you've been listening for any length of time, you know that it's easy to manipulate. It's only 30 companies. When one underperforms, they take it out. Early this year they took out Walgreens and put in Amazon. So it's a rig game, but it's down. Right now. It is my hero. I think the Dow Jones industrial average should wear a cape. So I told a dad Joe during the break too. And speaking of a cape, I think I'm going to tell the listening audience it to. So you know what the difference is between me and Superman? Other than my physique and certain other things? Superman has super vision. I require supervision. Anthony is literally resting his head on his microphone. Anthony thinks the dad jokes that I provide are bad. But Anthony, I'm a dad, so it's what I do.
Talking about finances. Are you watching Boeing? You know, first of all, we can't give specific stock recommendations. You know that just if you're watching Boeing, it's not going to go anywhere. I mean, we still need planes. So Boeing is down like what, 30% there. Wells Fargo came out yesterday on the 9 October and apparently they're considering putting it as junk. They're going to make Boeing junk status. So I don't know. And you know, if Iran and Israel heat up, make sure you're, again, I'm careful not to give you recommendations, but jeeze, watch your accounts. If you do your own money I mean, I don't know. Me personally. I'm watching Boeing stock. Should I buy? I'm watching, you know, conical, Phillips and ExxonMobil and different oil stocks. You know, oils shoot up.
[00:30:21] Speaker C: Remember, in 2020? It's very rare that I find stocks that I actually like when I'm worried about a bubble market as such. But I remember buying Boeing for some of our clients when they were falling out of the skyd, because they were, what, anywhere the airplanes are falling out of the sky. Not, uh. And so was the stock. And I was like, oh, maybe now's a good time to buy. Same with the oil stock. I bought a bunch of oil stock in 2020, as if oil is going away.
[00:30:51] Speaker A: Oil went negative. Barrels of oil, they paid you to take oil. And nobody believes that. I'm telling the truth on that, but it really happened.
[00:30:58] Speaker C: Oh, I remember that.
[00:30:58] Speaker A: Yeah.
[00:30:59] Speaker C: Yeah.
[00:30:59] Speaker A: So, so Boeing did not have a soft landing.
Speaking of a soft manic. So Boeing, they're on strike. So that's what this is all about. And they're. They're asking, oh, that's where I got the 30%. They're asking for a 30% raise over, like, four years. And. And they're. They're taking the deal off the table. Maybe they're taking off the day because they realize that the longshoremen strike, that they got 62%. So poor Boeing is only asking for 30% anyway. So if their stock goes to junk, maybe I'll call you, Anthony, and see if you can hook me up with a load of their stock.
Speaking of soft landings and money and inflation, all that you heard, we got our projection for the 2025 cost of living adjustment on your Social Security. So if you're getting VA disability benefits, if you're in that cost of living adjustment system, hang on to your hat here, they're going to raise it by 2.5%.
Inflation.
[00:31:57] Speaker C: Good job, Fed.
[00:31:59] Speaker A: Yeah, inflation, 2.5. So inflation numbers that I heard this morning on Joe Jaquin's show over there at the other Salem network, family values radio. So inflation is up 2.4%, but core inflation is like 3.5%, yet your Social Security is going to go up by 2.5. And you know what? We've, we've talked about this before. Inflation going up slower. It's. It's going up compounding on what it already went up. So if it went up this year by two and a half percent, and it went up last year by two and a half percent, and it went up the year before by 7%, and 9%, it's not coming down, it's just going up more slowly. My analogy was, if I'm hitting you with a stick and I hit you ten times, and then tomorrow I only hit you eight times, do you feel good about the stick hitting? Do you feel okay right now about the inflation? And by the way, fed lowering interest rates? You know, don't forget the Fed told us everything was okay right before the 2008, the great Recession. They're telling us everything's okay again. You know, I don't have time to talk about my very favorite cartoon, but you know who she is. They're telling us everything's okay. So inflation, we'll keep an eye on it. But good news, you got a big whopping Cola coming next year. So. Yes, Sam put their printing less, more money than before. They're printing less, more money than before. They're still printing money, but less than before. So they're doing quantitative slowing and easing. All right, moving on. We gotta, you know what, as long as we're on the financial stuff, I want to talk about a word that, I don't know why. I mean, I've heard it my whole life, but I've heard it a lot more lately, so I want to address it. One of our friends, Anthony, a mutual friend on Facebook, and I, and I don't know what she was referring to, but she, she put something in about holistic planning, and I didn't think much about it. It didn't ask me any questions, or it wasn't directed to me. So I scrolled by, but then I was listening, as I do every Saturday, to a bunch of different financial shows. And I caught one on our station, 960 the Patriot. It was, let's see here, was Sunday on the 6th, and they were talking about holistic planning, and they talked about financial planning the whole hour. And obviously, you know, call now and you get a free consultation, all that stuff. So I want to add something to the thought of holistic planning. To me, holistic planning is what all financial advisors are trained on it, basically. Oh, let me read the definition that sampled up relating to or concerned with holes or the complete systems, rather than the analysis of, treatment of, or dissection into parts. Bill, if you're listening, Anthony, your friend's father, Bill, when we sat down one day years ago, he, on a napkin at a restaurant, drew the financial planning pie. And it was, you know, five pieces, stocks, bonds, real estate, precious metals. And it's funny because we talked about how the world's so weird and they're still focusing on that piece I've added to that. You've heard me say it on this show. I mean, when you're doing financial planning, we've never. The rules haven't changed. I've been in for almost three decades. It's all based on your date of birth. So it's your age, and then after that, it's your income, your assets, your taxes.
And then they add your risk tolerance, which I can tell you what that is. We all want ten to 20% return with no risk. We're all eight to a ten for 14 years when the Dow is going up. And your money, you're making money with very few exceptions. But when it's going down, like 2020, March, only one month or 2000, end of zero seven through beginning of zero nine, then all of a sudden you become a two. So your risk tolerance is very subjective. If you don't know, by the way, we can help you figure it out. We've got all those beautiful pie charts that every other advisor has, and we can help you with ten questions to figure out your risk tolerance. But I already just told you what it was. It's an eight to a ten, and then sometimes it's a two to a three. Let me add to the whole thing for my taste. What is holistic planning? It is based on your age, your date of birth, your income, your assets, your taxes, that sort of thing. Let me add something. I'm going to tell you how much cash you should put away at home. Our friend who texted earlier, I'm going to tell you ways to have sustainable food and water. I think holistic planning this day and age better add the world around us, not just the traditional rules that our advisors are taught. We have our anti money laundering every year. We have to do our e and o. You know, we have our continuing education, you know. You know what they never talk about? What if the 35 trillion in debt tips? What if we have a bail in? What if something happens that you're not watching? How are you going to react? Do you have an exit strategy? If you're a stockbroker, do you have stocks in place? What are we doing here? So, I don't know, I just. The word holistic planning is coming up. Things cycle in our job. The verbiage, you know, Anthony, one of the ones you've noticed be your own bank, personal banking, all that stuff. Using insurance products to make sure you can do generational wealth transfer. We believe in all that stuff. We can help you with it. But nobody is talking about alcohol, tobacco, guns, ammo silver, gold, they're not talking about hard assets. And I hate to say it to you personally, I think that better be part of your whole holistic plan at this point.
Sam, a lot of interjection from Sam today, and it's always good and timely. The positive feeling when the market is going up isn't as strong as the negative feeling when the market goes down. Boy, is that the truth. You can have 14 years of the market going up and people are great. They're happy. They don't call us a lot. They're, they're complacent. It goes down one quarter and the phone gets picked up in a lot of households. 2008 was very interesting. We, my office manager at the time, Janet, used to call every single client every single quarter. And most of the time they just voicemail, they win or they wouldn't call back or they just chitchat. They just, you know, everything's going up. They don't care. But then 2008, all of a sudden, everybody wanted to talk to Janet during her call. And it was just interesting, the psychology of money. So, yeah, and by the way, kids, money goes up a lot slower than it goes down. So this little past 1415 year run up in the market, this can be an erased in a year, can be erased in two quarters. So just let you know. Moving back to my articles, if that's okay.
Here's one from my favorite source, zero hedge. This is from the 8 October. So just two days ago. I don't have to get into this one too much. It's pretty self explanatory. Cybersecurity incident hits America's largest regulated water and wastewater utility firm remember when the FBI, Anthony, came out about three or four months ago and said they're very concerned with our power grid, with our water supply, with all that stuff, because foreign nations that mean us harm might play with them. Well, here's an example of what they were talking about. This will go completely under the radar. You won't hear this tonight on channel 3510 or twelve. So the largest, I like this part. The largest regulated water and wastewater utility company in the United States revealed a filing published in the SEC's website that it has discovered a cybersecurity breach on its computer network and systems. New Jersey based American Waterworks wrote in the filing last Thursday, it learned of an unauthorized activity within its computer networks and systems, which the company determined to be the result of cybersecurity incident. Hey, New Jersey, you guys over there, you guys in New Jersey, I got an idea for you. Listen, to our show. You need to be proactive, not reactive. Why are you talking about. Well, you know, now you're going to beef up your system. Now you're. Now you're going to address this. Hey. Water treatment facilities in Phoenix, Sun City, Glendale, Georgia, Atlanta, Georgia, for Sam. Why don't you start beefing these things up now? You know it's a threat. All right, the last thing I'll read here, American Water, on its website that it provides, says that it provides drinking water and wastewater. I hope they don't confuse the two. They provide drinking water and wastewater services to more than 14 million people with a regulated. With regulated operations in 14 states and on 18 military install. Oh, military installations. I hope it's not at Camp Lejeune. Oh, don't drink that water. Wait, drink that water, and then you can get a lawyer and be a millionaire. So, I don't know, I just thought you'd like to know about that. When we tell people they should have some extra water, even if we don't go into world war three officially, even if we don't have civil unrest around the election, if there's a cyber attack, if somebody in a foreign country hacks in a bunch of power grid stuff or water, you might have a problem for a while. Reach out to me. I'll tell you how much bottle of water I have. I'll tell you to have five gallons a day for every adult and every large dog. I'll tell you to have water bladders for each bathtub in your house. I'll tell you to have life straws in your car and in your home. I'll tell you. I'll tell you how to do all this. I'll tell you to go to the army navy surplus store and buy a box of emergency ration water. They're in little pouches. Coast guard puts them out. So I have ideas for you if you want to talk about what to do if this hits your city. Moving on. Let's go back to some fun with FEMA. Hey, here's a zero hedge article from the 6 October did Biden Harris divert FEMA funds for luxury migrant apartments with flat screen tvs? Sad that I have to read this to you. I'll just read a couple parts of it. Homeland Security Secretary Alejandro. I love that name. By the way, Alejandro Mayorkas dropped the bombshell last week that FEMA does not have the funds to see Americans through the rest of this atlantic hurricane season. By the way, that was around the time of Helene, so I wonder if they found any additional funds. Oh, boy. What's the one that just hit yesterday, the one that we were asked about this morning and how people were doing?
Milton. Hurricane Milton. Uncle Milti. So anyway, the federal agency drained the funds by prioritizing taxpayer funds for illegal and illegal aliens versus us citizens as the Biden Harris globalist team rolled out the red carpet to anyone, even terrorists, via the open borders. Blah, blah, blah. Connect the dots. This part is kind of important. Connect the dots. Tim Murtaugh, an advisor to former President Trump's campaign, wrote on x, adding, DHS says FEMA might not have enough cash to help people through hurricane season, but in two years of a new Biden Harris program, they've spent $1 billion on housing and other services for migrants. The Brunswick landing apartments in Maine sparked controversy earlier this year when it was discovered that homeless migrants in the area were getting the opportunity to live in the units rent free. Rent free. If you're paying for rent right now, this should boil you so rent free for up to two years, migrants living in the apartment shared that not only is it rent free, the utilities are paid. That's pretty sweet. And we got an inside look at the furnished apartments. It would cost me $2,300 a month to have this unit. This apartment is in the same county which received 6.1 million in funding from FEMA program that spent 1 billion on housing migrants. When did FEMA, the federal emergency manager, when did they become settlement agents? What the hell? That's, I don't get this. So anyway, so let all this soak in. Just if you're feeling like, you know, cost and inflation and your cola for next year isn't keeping pace, you need to leave the country and come back through the southern border because then you get an apartment and your utilities paying, not to mention the cell phones and the gift cards and all the stuff through the churches. And by the way, when I, when I read 6.1 million in funding from FEMA program that spent 1 billion on housing migrants, one, the numbers we're working in trillions nowadays. Do you realize that? On millions, 1000 millions equals 1 billion. So we're dealing with big numbers here, kids. Moving on. Enough of that one. We all know what's going on. I just can't wait for us all to get angry and say, enough is enough. I'm mad as hell and I'm not going to take it. So another zero hedge from the 6 October. This one I love. This one's just kind of fun. Fun.
Hunger Games s. I won't say the word Hunger Games DHS had mayorkas shops in Georgetown while Katrina like disaster unfolds in North Carolina, a massive, you know what? Storm has erupted for the Department of Homeland Security Secretary Alejandro Mayorkas after he told reporters last week that FEMA does not have the funds for the remainder of the atlantic hurricane season. Boy, this sounds just like the last article. Meanwhile, reports suggest that the agency's resources were depleted to address the Biden Harris open border on Sunday morning. The latest power data from the US southeast region showed that across North Carolina, South Carolina and Georgia, more than 400,000 customers are without power. By the way, who does this guy work for? This my orcas guy? Does he work for us? I mean, who pays the salary? What's his net worth? I need to do more research in this guy. Maybe Adam to the Janet Yellen Jared Bernstein Jerome Powell list of people. So anyway, DA said DHS Mayorkas impeached once for spark in the southern border crisis. He was impeached, yet we're still talking about him. Was spotted at a luxury clothing shop in Georgetown on Saturday afternoon.
The Washington Free beacon. Strolling. Strolling through the men's section of the Sid Mashburn, a high end menswear store surrounded by security. He appeared to purchase some items at the store wherever wear suit jackets go for as much as $3,000.
So, uh, yeah, so my arc is we have hurricanes. Apparently it's not over. We're dealing with Milton right now and you're shopping for high end clothing. Wow. It appears mayorkas wasn't. It appears Mayorkas wasn't in the emergency control room on Saturday directing staff to address the twin crises unfolding across the nation. If that's weather related disasters or migrant cows are blowing up for the better, I don't know. Enough is enough of all this. All I want you to know is, is, you know, let them eat cake. All I want you to know is it's. It's us versus them. It's the have versus the have nots on steroids.
Moving on, moving on. Let's. Let's go to the government. Let's go to one of their websites. Let's go to the dot de ol, dot gov. That's the old us Department of Labor. This will be another quick one, I promise, Anthony. So the US Department of Labor announces $20 million in grants available for out of school time organizations to increase access to good jobs for underserved youth. Normally, I would love this article as a positive thing because we need to take care of our kids. We need to revamp our education system. We need to make sure kids have something to do after school programs. We need to keep them from getting into mischief. You know what? Right now I'm not, I'm not happy with this article. The reason not article, this, this, uh, more government action on spending money. The reason I'm not so keen on it right now. My dad used to say something. Your, your grandpa Stewart used to say, there's a difference between important and urgent. When I would interrupt something I was doing to take a phone call, he's like, sooner or later you have to learn the, the difference between important and urgent. That phone call might be important, but what you're working on is urgent. So stop that. Anyway, so I thought this was interesting. In Washington, the US Department of Labor today announced the availability. By the way, this is on October 1. This isn't two years old. This isn't when I used to read all of the, you know, basic universal income stuff. This is last week. So the Department of Labor announced, US Department of Labor announced today the availability of up to 20 million in grants for national out of school time organizations to expand local work based learning opportunities, job training and career pathways for underserved youth. What the heck is an underserved youth? I mean, does that mean like, like more poverty communities? I guess. Does that mean a certain relay or, you know, racial. I don't know. I don't know. They need to expand on who they're trying to get the money to anyway. The Workforce pathways for Youth Demonstration grants will help these organizations partner with state or locally operated affiliate organizations, which also sounds funded to serve historically marginalized and underserved youth ages 14 to 21.
Last thing. I'll read here about this. The authorized under the workforce. Did you know, Anthony, that there was a workforce innovation and Opportunity Act? I know we sounded alarms about the Chips Act. I remember sounding alarms about the save act. I remember sounding alarms about the Inflation Reduction Act. I don't remember sounding alarms on the Workforce Innovation and Opportunity Act. I guess that slipped under my radar through the Department of Labor. So let's see here. The fifth round of workforce pathway for use grants align with that Biden Harris administration's commitment to creating opportunities that connect people to good jobs. I love that. While supporting the department's youth employment work strategy that supports young adults entering the workforce. I absolutely love that. And I'm not being sarcastic. I don't love it right now. Let's take care of people in North Carolina and Florida. Let's, let's have our priorities straight, kids. Let's fill the strategic oil reserve. Let's do that with some of our money first, and then we'll help the tomorrow's youth. Oh, man. I'm. It's just, it's like money goes everywhere. You know what they did this week, earlier this week, Anthony? You know what they did? They sent pallets. Can't make this up, and I wouldn't if I could. They sent pallets of electric. Go with me on this one for a second. Electric chainsaws to North Carolina. They sent electric chainsaws to an area that has no power.
Do I need to pause for effect, Sam? Is there any way to slip crickets into a little drop, a little sound effect? They sent electric. You want me to keep saying that? Yeah, that's our government at work. So. I don't know, kids, but you, next generation, you, you better vote accordingly, and you better start voting differently. And you better get. I don't know. Let's get. I don't know. And what is a you? We need some. Yeah, we need Joe Rogan. I'm sorry. We need somebody with common sense that can reach between the aisles. We need somebody, uh, let's see here what other articles looks like. We're. We got a little time left.
I bet if the hurricane was named ukraine, they would have found some relief funds. Well played, sam. Well played. So our next, you know, don't we go up by name? Helene. How did we get from helene to milton? I thought they, I thought they always named him, like, if it was helene, I thought it would be hi. I thought it'd be an I, like isidro or something like that. So anyway, Hurricane ukraine, if that's coming, that will have no trouble with funding. They'll probably give them gas, chainsaws. Here's one. Daily hodl. I'm only going to read the headline of this because there's, because it talks about bitcoin. And you know what? We believe, we believe in moderation and diversification. So if you like bitcoin in moderation and as a part of diversification, go get you some.
This is daily Hodl from the 5 October us government borrows 8278-877-3800 in three months as trillion dollar asset manager warns debt spiral threatens Americans prosperity and security. 1234-5678 910, 1112. So is that, uh. That is 827,000,000,134. Six, seven, nine. Yeah. 827 billion. So that is 80% of a trillion. I look at these numbers and I'm just numb to it now. I can't even figure this out. So almost a trillion dollars in three months. So I don't know. And by the way, Anthony, you have been correct all along. We can just keep printing money. Unfortunately, the big BrICS meeting is only a couple of weeks out now. And the rest of the world, you know, Saudi Arabia, you took that, you took the dollar off the world reserve currency. BRICs are talking about 40% gold, 60% the own member country's currency. So we can print money forever, but the rest of the world is rubbing their hands of us. They're going to drop their hands.
So let's see here. What, oh, I found another financial article. I should have moved this up. New increase in required minimum distributions announced it's official and will affect retirees. Unfortunately, don't have time to get to it. I'd rather scare the you know what out of you than read good stuff financially. But reach out to us and we'll explain the key points on the RMD changes. You know, when I was new in the job, it was always 70 and a half. Then it was 72, now it was 73. Presumably it's gonna be 75. We'll talk about that later. With that said, anthony, take me home.
[00:53:52] Speaker C: All right, well, that's it for today's show. If you like what you heard, have questions on any of the topics today or want to sit down with us to review your personal situation, you can reach us at
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