[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 Correjo and JR Rochford taking a break from our day to day as financial advisors with Rochford and Associates, fully independent fourth generation family office right here in the greater Phoenix area to bring you news you may not hear on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here at 5am and at noon.
[00:01:09] Speaker A: Some of our very favorite listeners are at five in the morning. Have you noticed? I don't make fun of that anymore. I've decided that there's a lot of quality listeners at five in the morning. I still personally don't know how you do it, but I'm happy you're there. So let's jump right into it. As usual we have a lot to get to. I'll bang out the shout outs first. I want to give a shout outs to Dino's Pizza in surprise. So coming back from Laughlin I never ever don't stop at Dino's and it didn't disappoint as usual. I went there with a couple guys and we had a wonderful pizza and the owner came out chatted with us. Pete, thank you so much for everything. So just quick shout out if you're in the West Valley or if you're in the East Valley but you have a day off, go to Dino's Pizza and give it a try.
Mike at Frank Sanazano two weeks in a row. I got to give you a shout out. Mike's been working on my truck a little bit so I appreciate it. Mike and I have been talking a lot about the world and about, you know, if parts are going to get shortages and all that.
If you need an honest mechanic. Let's introduce you to Mike though, so keep that in mind. One more thing, we have a woman that's been in a couple times, her husband passed away so I'm not going to say her name or anything like that. But her husband passed away. What a difficult time to go through. Especially somebody that's been married for a long time. And it's. You have so much on your plate. You have so much to do. And I look at, you know, I watch our office. I watch how it's always been for, you know, the almost 30 years that I've been in it. And it was going before I got there. And we help people through hard times. I just, I. And I watch Anthony. Anthony's got the heart for this job. You know, my job, I always compare financial advisors to used car salespeople and timeshare salespeople. Even really good people, you know, good honest advisors, they just, they can't always do the right things because there's too much pressure, too much quotas. There's just. They don't have time. They just have to sell. They have to do their dinner seminars and they have to sell. Buy their demographics lists. Well, we don't do any of that, so. And I just, I watch Anthony helping people and he's. Yeah, he's got the heart for this. So. I don't know, I mean, when you come with us, it's not just sitting down and getting to know you and then helping you with your finances. We're going to be with you no matter what happens. So. And I just, if she's listening, I, you know, we, we're there for you in any way we can and we always will be.
I want to give you, the listeners, a shout out. I've been begging and pleading for you to go to the YouTube channel and help us. Well, we got over 700 subscribers. So I got a phone call from Joe Rogan. He's a little worried that we're gonna surpass him. Okay, I didn't really, so. But 703 when I looked last night. So thank you. We've got 516, 000 views of our videos and shorts. So thank you so much. You've put us over a couple milestones and we feel like as little tiny fish on a little channel that this is just the beginning. So keep helping us keep liking subscribing, sharing, letting people know about us. And thank you so much for getting over those, those milestones.
Well, let's get right into it.
If you've listened to us for any length of time, you know, we are not an hour long infomercial. That is the normal financial show. When Anthony says, you know, we'll give you stuff you may not find in the other shows, boy, that's the truth. I mean, I still, every weekend I listen to different financial shows and it just, they, they're all the same to me. And I just, I picture, you know, these financial people, blue suit, white shirt, red tie, highly polished shoes. They just, they want to gather assets.
And when I hear the minimums, when I hear the guy in the radio that, you know needs a million dollars or more for you to see that person, I don't know, it just, I.
It's kind of uncomfortable to me. I think our job should be helping people. If you get lucky and the millionaires walk in your office, that's great. So you'll have a better year with your income. But if you get the people that don't have a lot of money, they may need you more than the millionaires. So do the right thing and help everybody. Stop that with the cordis.
Anthony, when we get too busy, are we going to start saying you have to come in? You only can come in if you have like 2 million or more. Are we going to just jump to a real high level of client coming in anyway? So let's do this. We do want you to know that we're a different animal.
We do the same things that the other advisors do. We start out by looking at your age, you know, your date of birth, your income, your assets, your rough tax bracket. We help you figure out your risk tolerance if you're not sure what it is. And I can tell you right now what I've seen when things are going up, especially for 17 years in a row, with very few exception, you're an 8 to a 10, 8, 9, 10. But when things are going down, which Anthony hasn't really seen yet other than the month of what, March of 20, 20, 2000. I'm looking at you. 9, 11, 2001. I'm looking at you.
2008 was the granddaddy. All of a sudden, the people that are 8, 9, and 10 on the risk scale, they become a 2, 3, and 4 real quick. So. And I can tell you right now, we are in very unchartered territory. Uncertain times. And I do, I mean, the reason that I bring that up, you got to get in to see us before the, you know what hits the fan. You have to make sure that you're proactive, not reactive. We say that over and over. We want you prepared, not scared, proactive, not reactive. We've let you know that our focus, our emphasis is on planning over products, education over sales. Now is a really good time to meet us before things get busy and It's a two week wait to get in the office. So with that little plug to ourselves, let's jump right into things.
When I say the world's uncertain, my gosh, I mean, we've been on for four years. Last month was four years. We've, we've never missed a week with doing an episode and we do not run out of stuff to say. And I have had different levels of urgency, but one thing in my mind, all four years, my urgency has ramped up slowly and incrementally, but nevertheless, it's ramping up. I would say right now a lot of us are getting into Iran fatigue. You know, I mean, I had tariff fatigue, I had egg shortage fatigue. You know what I never had, by the way? I never had Doge fatigue. I wish Doge was still going on because the fraud, waste and abuse is not stopped. But you know, if you're getting Iran fatigue and one day there's a deal, one day there's not. You know, the war is almost over. It's not.
Don't forget that if Russia and China get involved, we're going to have a problem. Don't forget that we still have oil built up. We still have reserves. You know, the oil is bought 30, 60, 90 days in advance. So it is just not now. The end of April, it started getting thin in different places in the next month or so. Now we're going to see what happened with the Straits of Hormuz blocking 20% of the world's oil. So don't, don't forget, it's really a good time to keep your gas tanks full. If you have gas cans, cycle that gas if it's 10 years old and get new. But I just want you to know that everything I read, there's just so much. And I do think like dominoes, if one thing falls, more could fall. So we want you prepared, not scared as usual. I'm going to jump right into a. I guess I'll get into the important stuff. You know what? No, I won't. I'm going to get into something less important. Just to check it off my list. I want to bang out the Festivus Report item because I won't have time to come back to it today. So here's, here's a good one. This is kind of high dollar.
The amount wasted is 14 million 200. I'm sorry, $643,280. The National Science foundation and other agencies also monkeyed around with your tax dollars. Oh, is this another animal one? Federal grants from The Department of Defense, National Institutes of Health, and the National Science foundation obligate over 14 million in taxpayer dollars to perform inhumane research. Yep, that's what's coming. Researchers at Brown University are enlisting monkeys to play video games they invented called Planco, a version on the famous Price is Right game Plinko. The monkeys have head posts screwed into their skulls. Good Lord. To keep their heads still while they played the game. And researchers track their brain activity and eye movements.
The immobilized monkeys are tasked with tapping a button to pick a bucket, a ball, traversing an obstacle course that it would land in the groundbreaking conclusion. Monkeys are very good at, Plinko. This monkey business is funded by several federal grants totaling over $11 million.
I don't. I mean, what the heck? First of all, how did it go from 14 million to 11? I don't know. I don't care. I just know. Leave the monkeys alone, Leave the ferrets alone, leave the beagles alone. But that's where your money's going. So bring back Doge.
The world around us.
Speaking of animals, Anthony, Sam, have you heard anything about rats and hantavirus?
I heard something about a cruise ship just this morning.
You said you didn't listen to any news this week, Sam, and yeah, here we are. I get all of. All of my news from another money show and one podcast that will remain unnamed, not Joe Rogan's. Is it because we're nipping on his heels? No, not that one. I don't have time.
You don't have time for that. So let's talk about this for a second. You are correct. There's. There's a new virus. And, and I mean, obviously I can tie this into my tinfoil hat. My conspiracies right away. You know, we're coming up towards the midterm season, so. Is this Covid 2.0? I don't know. Are we going to have to have mail in voting? I don't know. I heard there was a potential vaccine for this version of hantavirus, the andes version in 1974. I didn't vet and verify because I don't have time. I don't know if that's true, but it wouldn't surprise me.
So this hantavirus thing.
And by the way, make sure you run out and buy hand sanitizer, Clorox wipes and toilet paper, because it's, it's another respiratory based illness. But it's, it's. What's so funny is, you know, we didn't hear much about this. And then all of a sudden over the weekend it was either Saturday or Sunday. I get a text alert and then a couple people reach out to me. Well, I was on vacation Friday, Saturday and Sunday I actually I went with six guys to a a little card playing vacation in Laughlin. And so I was really trying to unplug, but enough texts came in that I stopped and looked at it and I was like, well it's this small ship, only like 150 people, it's not near here. So what? And then on Monday as I start my research for this week's show, all of a sudden it grows legs and I see all these articles. I Understand there were 17Americans on this cruise ship.
And let me read you one article, part of one article and then I'll give you a couple updates on it.
So the this is from the End Time Headlines, my new favorite publication. On 6 May hantavirus outbreak spreads to Europe after MV Hondius cruise passenger tests positive back home. This was on the 6th as we record today, it's the next day. Today is May 7th, so this is what's going on in 24 hours.
So according to a report from the New York Post, the deadly hantavirus outbreak linked to the MV Hondius cruise ship has spread to Europe after a passenger who disembarked tested positive upon returning home. Swift Swiss authorities confirmed Wednesday that the man who traveled to South America with his wife last month aboard the vessel operated by Ocean Wide Expeditions tested positive for the virus after seeking care at a Zurich hospital.
The virus can remain dormant for up to eight weeks, heightening concerns that the outbreak continues to unfold. His wife has shown no symptoms but is in a self isolating as a precaution. Local health officials stated there is currently no risk to the Swiss public, though the development has fueled alarm the over potential human to human transmission. How the heck do they know that there's no risk to the general public?
So let's see here one more thing in this article.
Hantavirus is typically transmitted through rodent droppings, but the rare Andes strain suspected here can spread person to person and carries a high mortality rate.
Investigations continue as authorities monitor contacts, contacts and manage the crisis at sea. So you know, I guess when I first read this yesterday within a day ago I was like, you know, the first step, leave the ship where it is, wherever it is, leave it there. And by the way, I heard the rats that they came in contact with presumably are from Argentina. So Argentinian rats started this. So leave the ship there. Well Then within the last 24 hours, I get some updates. One being the ship did not stay there. The ship moved on. They unloaded the passengers.
So now their passengers are around the world. The 17Americans that I referenced apparently are back home in America. Three states.
Three states have people that they are watching for potential hantavirus. Now in this state, guess where they are. California, which. Okay, but guess what the other two are Arizona and Georgia. So, Sam, Anthony, we'll have to watch this and see what happens. Sam said, I think this was a Stanley Kubrick movie. So basically, is this going to be the next Covid? Is this nothing as usual?
I don't know. I just know that every single thing going on is odd.
So watch, we'll watch this, you know, and I know we're recording on Thursday. So by the time you hear this on Saturday, maybe there'll be some updates. This is a very quickly changing story, but we have to make mention of it because it's definitely a current event. So we will see.
I can tell you one thing. I have a friend that I've known for about six or seven years who works in the airline industry and he put out a post on Facebook this morning and he said to make sure you stay ready so something. And I haven't talked to him yet. I need to, I just, I saw this right before coming on to record, but he, he doesn't put stuff like that. He's. He doesn't put end of the world stuff. So I'm going to find out what's going on. I'm guessing it has to do with fuel shortages.
I'm guessing that like Asia and India, we're going to start hearing about fuel shortages. I've been warning you for the last six weeks that if gas stays around $5 or whatever, we're fine. But if it gets to $10, we're going to start being in trouble. So we will see.
Speaking of airlines, I'm sure you heard last Saturday, Spirit Airlines went south. They, they, they are out of business with no notice.
There's a lot of, of talking around how the merger between spirit and JetBlue was blocked by our politicians. One name that is in the forefront is Elizabeth Warren, my very favorite Native American.
And she blocked the deal. Then all of a sudden there were rumors that she profited from their demise.
It was circling around the Internet that she had 20,000 shares of spirit Airlines that she sold right before their demise. I looked into it because I thought, boy, that's great for our show because I'm not a fan of politicians, and I am a fan of saying what they do with their money. Couldn't find it. So I don't think it's true. I don't think that she did profit from this, but nonetheless, she did stop the merger, so that's not good.
Excuse me. I think I have a slight respiratory illness today. Maybe it's from the Buckeye Fire. Anthony, are you seeing the smoke by your house from the fire?
[00:17:39] Speaker C: I do not, no.
[00:17:41] Speaker A: You. It's. Yeah, it's out here. I mean, it's kind of. We. We can see it out here. So hopefully that's done soon. I. I did hear. You want my tinfoil hat on for a second? I did hear that the fire is either adjoining or actually on land that Bill Gates owns. I didn't even try to vet and verify that because I just don't care. I just wouldn't surprise me. Not at all. You know, Bill Gates, obviously, he used to be a computer guy, now he's a medical guy.
So, speaking of Bill Gates, and let me tie the fire, which may or may not be on Bill Gates land, with the hantavirus, we had another exercise on what to do with a global pandemic.
If you look up Polaris 2, it is a big training on a potential global pandemic, and it just concluded on, like, the 26th of April. So just, I don't know, a week, week and a half ago it concluded.
Apparently, 26 countries were involved in this sort of training. So I don't know, I wonder if Bill Gates was. Was, you know, part of orchestrating it. It seems like the longer I go on this planet, the less tinfoil hat I am, the more everything is really, really not what it appears. So one more thing that I guess the only thing I can say, we shall see shootings. I mean, I'll knock that out. There's been a bunch of shootings. You know, the. The shooting in D.C. last week, big shooting at a campground where like 15 people got shot on the third. It just comes and goes so fast. So I get. I guess we can't worry about it. There was a shooting, just as I think it was last night or yesterday in Michigan, home state at a soccer game. So I. I don't know what it's about. A kid got disgruntled and shot people. So people are on edge. I don't know. And I am going to tie that in with the oil shortages, because if you think people are on edge now, if we have gas shortages, if they ground flights, if gas spikes up to $10 a gallon. You're going to see people getting real, real squirrely. That's. That's how I see that coming.
Let's get into some articles. You know what I want to do one more thing that's personal to me. Another thing in the news that most people I. I don't hear talking about it. The Southern Poverty Law Center, I just want to talk about it for a second. Their arraignment is today on Thursday.
So I'm not sure how it's going to play out. But I remember the Southern Poverty Law center from years ago because I used to be, and this is going back 15 years or so, I used to be a member of an organization called the Oath Keepers. And if you're familiar with what happened on January 6th a few years ago, Oath Keepers got a real bad name. They put the founder, Stuart Rhodes, in prison. So Oath Keepers, what. That was the reason I gravitated toward that. What that organization was people that swore an oath like me when I went in the military. You went in a room of other people that were going with you. You raised your right hand and you swore the oath. When you get off of active duty, when you retire, when you, whatever, you don't swear the oath in reverse. You don't unswear the oath. You swore an oath, and I presume it stays with you the rest of your life, so help me God. So the Oath Keepers were people that swore an oath and never unswore the oath. And. And they were worried about the world. I'm one of them, you know, so when you're talking about police officers, when you're talking about veterans and military, and the SLPC comes out and says it's a terrorist organization, it never made sense to me. I was like, I mean, I'm in this group for a couple years. We trained each other. There were groups that got together and talked about. They call them community preparedness teams. And they talked about if things get weird, how to purify water.
They talked about iFacs. I got to learn what an IFAC was, which is an individual first aid kit. I never knew I should have one in my car, in my wife's car, in my son's car, in my home. So I learned a lot from that group. And I never met any terrorists. As far as I know, it was all people that just. They want the world to go okay. And they thought, our representatives, they thought if they're not upholding the law, that we need to be ready to act if that day ever gets here. So the SLPC said we were a terrorist organization and one thing led another and that thing had to disband and I don't think it should have. I think it should still be together. So. But they are in court. Apparently they were using a lot of their donations from you generous people and they were infiltrating groups like the kkk, like literally terrorist organizations and giving them tons of money. So the whole thing's really screwed up. If, if you haven't heard much about it, you may want to look into it a little bit. It kind of summarizes how messed up this country is and how, you know, right is left, left is right, up is down, down is up. I mean it's just, it's insane what's going on. With that said, I wanted to get into my articles and, and I don't, I don't think we have time today to do a deep dive on any of them. So I'm going to scratch the surface on all of them and see where we go. We did see our, our favorite, smartest, most generous with ideas for the show client. Well, next to Michael C in Sun City we saw Kevin yesterday. Kevin, thank you for coming in and sitting down with us, Kevin. One of the subjects we covered was the, you know, on demand pricing. Kevin had sent me an article a couple weeks ago on that and I forgot to shout him out as one of the people that sent me something. But Kevin talked a little bit about the thing was on his mind yesterday was how if people had invested the money that they put into the Social Security system into their own private investing, that they'd be way better off.
And it's kind of a duh moment because we all know that one article I found, actually I find it Kevin sent this to me from Market Watch. All right, let's see here. It's MSN on the 30th of April, he actually sent this to me. The numbers don't lie. If I had invested my Social Security in the S&P 500, I'd have 4 million. Is the system broke? Well, do you want me to tell you if the system's broke or do you want me to read on here? It says if all my contributions along with my employer's contributions had invest been invested in the S&P 500, my balance would be more than 4 million. I could take a very sustainable withdrawal rate of approximately 30,000amonth assuming my long term returns would were 7 to 8% if only my contributions were invested in the S&P 500 while my employer contributions went to the government, I'd have close to 3.7 million in the account at the end of this year.
[00:24:30] Speaker C: How does that make any sense? If they put 12% into the S&P every year, they'd have 4 million. But if they put in 6% and they put the other 6% into whatever the government invests in their bonds, it'd be 3.7 million. I don't know that any of these numbers are correct. I'd like to see what Kevin comes back with.
[00:24:53] Speaker A: Well, and that's part of what I was going to ask you about. That's part of why I like to read this. It doesn't make sense to me either because I want to know more about your date of birth. I want to know more about how much you had to, you know, your earnings were. So you had to put in. Because $4 million seems shocking to me. And you are correct, if you take half of the contributions, it should be, if it's 4 million that you would add, you'd have 2 million. So I had questions on that too. And we didn't get to hammer into it with Kevin. But I do have questions about this. I will segue this into the fact that the system is absolutely broke. You know, the numbers don't make sense. People are representatives and have dipped into the fund where they shouldn't have. I know that it's a giant Ponzi scheme. I remember, I don't know, it was probably 20 years ago. The politicians were working on privatizing it. They were saying 20 years ago it's not going to sustain. It's going to be gone in the2030s, which we are rapidly approaching. And they kind of like started reaching out to see the climate of people's reaction. And I remember reading somebody like me, and at the time, I want to say I would have gotten a lump sum of roughly $50,000. Would I have taken, and this is 20 years ago and the system's way worse now. Would I have taken the $50,000 and then I don't get any future benefit. I don't. I have to invest myself. I have to save myself. After I, you know, save for myself after I invest that 50, I would have jumped at it. The, the privatizing Social Security was extremely short lived. It wasn't years of a study. It seemed to me like it was months that I read stuff about it and then it was long gone. So I had heard one of the, you know, and who knows, it's all opinion. I had heard the projections were six Months that if enough people like me thought we could do better with our money, the system would implode within six months and be gone. Well, look at around you.
There are, you know, the rich get richer, the poor hover, the middle class shrink. A lot of people. Social Security is their only pension. Corporate pensions are drying up year after year. Last 20 years, it's, they're almost gone now they all switched to 401ks. So you have to be your own financial advisor. So it's how things have changed. I don't know this, this is a no win situation. And I can tell you if you're listening to us, you're probably older than Anthony. I would say our average age is older than Anthony. You already, you are where you are. You either are making it, you're not. You have money, you don't. You're where you are if you're younger, if you're. What's that?
[00:27:33] Speaker C: Break time.
[00:27:34] Speaker A: Oh, it's break time. So let's do this. Let's take a break.
We'll be back in a minute. Please reach out to us at 623-523-0444 or email
[email protected] thanks for being with us.
[00:27:51] Speaker B: You're listening to Another Money Show.
Welcome back to Another Money Show. To schedule your free no obligation consultation with JR and Anthony, visit anothermoneyshow.com or call 623-523-0444.
[00:28:15] Speaker A: Welcome back to Another Money Show. Thank you so much for being with us. I know you know this, but we appreciate you greatly, even if you're listening at 5 o' clock in the morning. So let's jump right back into things again. We have a lot to get to. I did forget to tell you something. When I typed in, when I was doing my Internet search and I typed in Hanta Cruz, my search changed to Santa Claus. So I thought that was funny. So I put in Hanta Cruz and go. And all of a sudden Santa Claus's face popped up and I'm like, oh yeah, it changed it for me.
You know, one, one real quick thing here for you that's behind the scenes I want to address. We just had our second bank failure of 2026. Of course you won't hear about it because it's a smaller bank. You know, if Chase Wells or B of A ever goes south, you'll probably hear about it. But this one, second one, the first one was in January in Chicago, Illinois. This one is in lagrange, Georgia. Is lagrange near you Sam, because if you pulled all your money out of the bank, that would cause a bank run. I have a feeling.
[00:29:18] Speaker C: Wasn't that as easy? Top song.
[00:29:20] Speaker A: Correct. Lagrange. They would say they were like foreshadowing. They. They were ESP Guys.
Is that near you, Sam? Lagrange.
I've heard people mention it, so I'm looking at a map right now. I.
If I've been there, it wasn't memorable, was it? Your vacation spot of choice, shout out to Lagrange.
We need sponsors. Lagrange Community Bank.
No, I have not been here. I don't want to go there. I'm good. Oh, oh, wow. Whatever. I'll have to look later and see why you made that face when you looked up Lagrange.
There's nothing that way for me unless I'm stopping for gas, which will be $10 a gallon soon. So keep your tank filled before getting to LaGrange. There's a LaGrange, Illinois too, I am familiar with. So anyway, second bank failure. The only thing I will tell you, this one was a little different. The bank failed on Friday.
They had a Florida bank on Saturday take over the assets. So by Monday, the transaction was complete. Don't tell me the FDIC folks didn't know this was coming. They have 60 banks on the watch list right now. And if you go to their website, they won't show you which ones. They'll just show you that there's 60 because they don't want you to panic and make the run worse than it already is. But I can tell you, you better be careful. So the transaction was completed by Monday morning. That's why I said you probably haven't heard of this because they. They wanted to keep this kind of hush hush. You may not even have heard of the one in Chicago in January. It was a very similar setup. The FDI swooped in, had somebody else buy the troubled assets before you could hear about it. The only other thing I'll say about this, make your way to fdic.gov I've asked you to do this for, I don't know, maybe 15 years now in my practice. And watch to see how much money is in the reserves. The insurance fund. In case the banks fail. In case they have a run on the banks. If you're not Mark Cuban, you need to know this. I can tell You Currently your $250,000 or less account is covered by 1.4%.
Reach out to me if you think I'm lying. I'll show you how to find it. We've got 1.4% in the coffers if we need insurance. One last thing I will encourage you to do, plug into your Internet search bar, plug in, bail in, B A I L second word in and let me know what you find.
Moving on. Let me, let me get right into a bank article. Here is one from Payments.
The name of the source is Payments. I got this on May 3, Besant warns of threat of AI powered bank account hacks well, yeah, I mean, I would, I would say we could have an AI hack on anything right now. Grocery stores, whatever. Let's see here.
Treasury Secretary Scott Besant or Besant or whatever it is, you know, years later, I still have no idea what his name is. Says American banks are working to safeguard against AI related cyber threats. Besent address. I'm gonna say it different every time I say it. Besynt addressed the issue Sunday, May 3rd in an interview with Fox News coming in the wake of the meeting he and Federal Reserve Chairman Jerome Powell held with Wall street executives on concerns related to anthropics. Mythos artificial intelligence model Asked by Fox's Maria Bartiromo if Americans need to be worried about AI hacking into their bank accounts, Besant responded, you should. That's nice. A moment of honesty. Anthropic has said Mythos has discovered thousands of highly severity vulnerabilities, including flaws in major operating systems and web browsers. If you're listening to us, this is your bank we're talking about here.
So let's see here. It has led to concerns among businesses and governments around the world about the possibility of AI powered cyber attacks. One more thing here, defenders such as banks, payment processors and infrastructure providers can use these tools to identify and patch weaknesses. On the other hand, the same capabilities could be leveraged by hackers, dramatically accelerating the discovery and exploitation of systematic flaws across the financial ecosystem. It's kind of like the old days when I was a young driver and I didn't like speeding tickets, but I did like to speed. I would buy a radar detector and then a couple of years later the police would have new radar. They went from X to Y to laser to instant on and all these things pulse and all these things. So I had to buy a new radar detector. Well, I did because I still enjoyed speeding, actually, in my 60s. I'm still a big fan. I like to speed, criminal speed. When I'm heading up to Snowflake, I'll get there in a hurry. So anyway, if you're a police officer listening, I'm just kidding. This is Alleged, of course, but it was like one step ahead. You always had to be one step ahead. We are a little bit concerned, or I am. Anthony doesn't worry about anything, but I'm a little bit concerned. If they ever hacked into our power grid, if they hacked into our water supply systems, if they hacked into anything important, we're in trouble. Banks pretty important too. You want to see the country panic? Go ahead and seize their banks up. Go ahead and get to that bail in and you'll see people freak the heck out. But my answer to you, if you're one of our listeners, what the hell are you doing with too much in your bank anyway? We want to educate you on how to buy hard assets. Guns, ammo, silver, gold, food, water, alcohol, tobacco. Keep some physical currency, cash at home. Let us introduce you to insurance companies. We have anywhere from one year on of safe money. So we, we can replicate, we can duplicate, we can mirror, we can, you know, have an alternative to things like CDs. So let us help you. Let us make a plan for you and then you don't have to worry as much about this.
Let's move on here. Let's get out of the banks. That's such a depressing subject. Here's an article I found on the 5th of May, I think that was Cinco de Mayo. Thank you so much to Michael C. In Sun City and our wonderful Macy in the office. We had a little synchronous party over at their pub and it was a ball as usual. So this article. 81% of young Americans now say economic conditions are terrible, according to a report from the Hill. A recent poll by Generation Lab paints a stark picture of economic discontent among America's young adults amid rising inflation and surging gas prices. The survey, conducted April 26th through the 29th, isn't that around the same time Polaris, too was doing a mass pandemic exercise, found that more than 8 in 10 respondents aged 18 to 29 rated current U.S. economics conditions as negative. Among the 18 to 24 year olds, 55% describe the economy as bad. That's because if you're 24, you're still living at home. Your economy is not that bad, and 29% called it terrible. Similar sentiment held for those 25 to 29, with 52% saying bad and roughly 30% saying terrible, resulting in an overall 81% negative rating for both groups.
Positive assessments were rare. Only 2% of 18 to 24 year olds and 1% of of 25 to 29 year olds viewed the economy as excellent, while 14% and 19% respectively, rated it as good.
One last thing here, the bleak outlook coincides with broader pressures. Inflation rose to 3.3% in March, driven by an 18.9% year over year jump in gasoline costs. Have you ever wondered why they say inflation? You know, they talk about target inflation rates. If you ever wondered why they're telling US inflation is 3% right now, but when you go to the grocery store and buy anything, it's not. And when you fill up your tank at 4:50 to $5 a gallon, it doesn't seem like 3% now, you know, because they take that out. So they use numbers that are convenient to the government, not to us.
See here. Domestic gas prices recently climbed above the 4.45 per gallon fueled, pardon the pun, by disruptions in the Straits of Hormuz linked to the US slash Israeli conflict with Iran. You know something for you real quick, if you're our listener, I just said a little bit ago, you're probably not Anthony's age. You're probably my age. So who, what do you care about this? I'll tell you what you should care if you're a listener. Do you happen to have kids or grandkids? If so, you should care for their future. We talked about Social Security, even though the numbers we gave were suspect and Anthony has already dug into it and found out. We need to know more about that article. So if you have kids or grandkids, what are they going to see? If you're Sam and Anthony, two of my favorite boys, what are you going to see? Medicare, Medicaid, Social Security, they're hobbling, they're on their last leg. We have 39 trillion as debt in a nation, you know. So in the answer, if you come in our office, let's do some inheritance and legacy planning. Let's kind of bulk up. Let's make pennies into dollars using life insurance. If you're a good candidate and it's something you want to wrap your mind around, let's make sure you leave your kids and grandkids hard assets. Try not to leave them your 401k if you haven't spent at all, leave them. You leave them some land, leave them some alcohol and tobacco and guns and ammo and food and water.
This is crazy. And I'm not really seeing how it's going to go the other way, but we shall see. I've said that a lot today, haven't I?
Speaking of young people, here's something for you. This is from the 4th of May from the end Time headlines. My favorite source. Members of Congress introduced bill to raise minimum wage to $25.
We did chat with Kevin about that yesterday and found out that there's no easy answer here. So a group of four Democratic lawmakers have introduced the Living Wage for All act, aiming to dramatically increase the federal minimum wage from its current 7.25 level to 25 an hour. The first thing I noticed when I read that, why isn't it going from seven and a quarter an hour to 10?
Why isn't it going to 12?
It's jumping from seven and a quarter to 25. Did we not learn anything from California when they fired a bunch of people and franchise owners actually lost their franchise?
See here, lawmakers firing a bunch of people.
[00:39:58] Speaker C: Anyways though, that was the conversation yesterday. So it really doesn't matter. We can make up all these excuses for why we're gonna screw all the lower employees, the, the essential workers from 2020, but they're gonna do it anyways, so it'd be nice to at least pay some of them.
[00:40:13] Speaker A: What's your answer? What should we do?
[00:40:17] Speaker C: There should be a livable wage.
[00:40:18] Speaker A: There should be a livable wage. You're right. And I'm not even sure 25 is it. A starter home is 450 to $500,000. Now you know, and how this all ends is robotics and AI. It doesn't end, Anthony, with a fair society. It doesn't end by ending corporate greed. It ends where you don't have a job at all. And I guess Elon was Musk was right. Why should you save for retirement? You can work if you want to, you can find a hobby.
Just. It's, it's insane to me. You know, it's just. There's no right answer for this.
And I, and I don't. I want people to have a living wage. I'm not uncool. I'm not. I just. Even at 25 an hour. You know, Jay, my youngest son, he's 21. Rent on an apartment right now a one bedroom apartment is probably between 15, 102 grand. You know, six and a half percent average interest rate. How's he ever, ever gonna fly? You're 40 before. You're a first time homebuyer in this country now. It's just so broken. I don't know how we fix it. Let me see if there's anything else here. Additional provisions target vulnerable groups. I always love that. That's, that's actually. We start dipping our toe into socialism water, you know, we're either even or we're not. I'm tired of, you know, vulnerable groups tipped. Workers currently subject to a federal minimum wage of $2.13 would see that base rise to initially $6.
So here in its introduction, highlights intensify national debates over wage standards and worker protections at a time when cost of living challenges continue to dominate public discourse.
So I don't know, I guess we go the way of some countries that say this is your universal basic income. I, I just, I don't know the answer.
I just know that the answer to jump from 725 to 25 guarantees a speedy trip into nothing but kiosks. You know, I was pissed years ago when McDonald's and, you know, Home Depot and places put in these self checkouts. A, I don't work there. You do this. I don't know. B, how are you going to pay into my Social Security system? The answer is you're not. So everything is going the wrong way.
Let's, let's get another article right away that gets to the end. Here we go. This is from the. Oh, you're going to be shocked at this. This is from the end time headlines on 3 May.
The dystopian future where humans day to day lives completely controlled by AI According to a report from the Daily Mail, a novel experiment in San Francisco is testing the boundaries of artificial intelligence in everyday commerce with a driverless ride adding to the surreal experience for one visitor. On April 25, Daily Mail picture editor Sherilyn Neidhart traveled in a Waymo autonomous vehicle to an Andon Market, a small novelty shop on Union street run almost entirely by AI agent named Luna. The store, which opened in April, represents a three year trial by its creators to explore how advanced AI can manage retail operations.
Nehart entered the boutique out of curiosity, joining other patrons to drawn by the AI concept. She was greeted by the store's sole human staffer, Felix Johnson, who assisted customers and corrected errors made by Luna, such as the double charging for a 14 dandelion chocolate bar.
What the hell we, you know, I mean, some of these articles I bring to you, let us know, we'll send them right over to you so you don't have to do the research. We've done it for you. It's just we can't wait to replace ourselves, can we? I mean, who, who is going to pay into our Social Security? Luna. I mean, we're just, we're on a slippery slope. And what's so funny, when I was talking about egg shortages three And a half years ago. I'd never dreamed fast forwarding less than four years. It'd be all about robots and AI and cyber attacks and genius act and fed. Now here's, here's a mess.
[00:44:22] Speaker C: Why do we want people paying into Social Security anyways? We already talked about how that doesn't work. Why aren't people just putting in their 6% into the S&P 500 and just constantly buying the S P and just letting it roll up?
[00:44:36] Speaker A: You know what, Anthony, part of the problem is you are a hard working young man. You're very smart. When you had your first jobs at 16, I know you worked at NYPD as a pizza delivery driver, you worked at Subway, you had a few jobs, they were entry level jobs. You did them as a stepping stone. You went to college, you became an engineer, and then for a young man who's never been married, no kids, you made quite a nice livelihood. And then you became a financial advisor where you have a good heart and you're honest and you do good work and you're making a good livelihood. Most people are not. So it's easy for you to say, why don't they just chunk money away and self insure so they don't need Social Security? You're able to do that. A lot of people I talk to in my travels are not. I'm like, why don't you come to see me and do a Roth ira? I don't have any money. I asked you a few months back, Anthony, I said, you know, we have to get people from referrals because we're a family practice and maybe from the radio show, people will want to come in, but get your friends, you've got all that. You know, so many people at your age, you were born and raised in Arizona. Get them in. You said to me, you look me in the eye and you said, well, they don't have any money.
The futures, it's, it's going to be so interesting. I'm, I'm kind of glad I'm as old as I am because I don't know that it's going to be good. But I don't know, it's just there's a lot on the table and all of it is coming so fast and furiously. I get, I guess we'll see how minimum wage plays out. We'll see how autonomous everything plays out. I don't know. You know, I heard just this morning on the radio, love the radio. If I'm awake, I'm on the list of the radio. I Heard that, that what's coming real close is an in home robot.
It's going to set you back, Clark, by 600 to $1,000 a month. And you can have your own robot to do cleaning and help with the cooking and all that. So I'm looking forward to it. Didn't we have a radio show listener about two, three years ago that came in the office or we did a zoom with the radio listener if he's still listening. I forgot his name, but we had a guy who's working on robots. Remember that? Anthony? We did a zoom with him.
He was like real, real ingrained and heavy into this and I, we need to, I need to remember who that was. We need to reach out to him and see how it's going. Fast forward a few years. He may be part of this 600 robot.
So let's get to another article.
This is from End Time Headlines On 29 April, AI bots told scientists how to create biological weapons.
Advanced AI chatbots have gone beyond sharing general knowledge, offering step by step instructions to experts on assembling deadly pathogens and releasing them in public areas. I wonder if it's a robot that created the Santa Claus virus. Interesting. Last summer, Dr. David Relman, a Sanford University microbiologist and biosecurity expert who has advised the US government on biological threats, experienced a chilling moment while testing an AI model for a company. Preparing to release it publicly in his home office, the chatbot described how to modify a well known pathogen in a laboratory to make it resistant to existing treatments. It then outlined a vivid plan for unleashing the engineered superbug, pointing out a vulnerability in a major public transit system to maximize harm while reducing the risk of detection. Dr. Relman was so disturbed by the exchange that he stepped away for a walk to compose himself. It was answering questions that I hadn't thought to ask it with this level of deviousness and cunning. I just felt chilled. He told the Times he withheld specific details about the pathogen and scenario at the outlet's request to avoid inspiring real world attacks, and declined to name the chat bot due to the confidential agreement. The company later implemented additional safety measures, although Relman view them as inadequate.
I mean, what do I say about that?
I mean holy crap, this the AI, they're starting to learn how to override humans that are program them. They're starting to learn how to not shut themselves off when they're being told to shut off. Now the the AI is going to be able to ruin the world, like literally like mass population Reduction does. What do we do about this, Anthony? Sam, you guys are younger. This is the direction we're going, apparently. Because I keep finding article after article about how humans are not involved with our future. You know, I. I'm old. I mean, I remember the Jetsons. I wanted a maid that, you know, ran the vacuum. I wanted to get to work in a flying car. I didn't want this. I didn't want to die because AI overrode its writer and coder and developer and.
Any thoughts on that?
You want to go back to minimum wage, don't you, where you have a leg to stand on and a good solid argument.
[00:49:44] Speaker C: This is the first time you've ever stood up for minimum wage or paying employees, but for this? Yeah. I mean, people can find out how to make bombs online now and pathogen viruses, and people are doing these things now. Yeah. So this was AI trying to help someone else do that. Right. It's not like it's doing it on its own.
[00:50:07] Speaker A: Well, it sounds kind of like it's overriding its professor and saying, you're doing this, but I think you should do this. It sounds more nefarious than just.
I mean, you know, obviously this is all an area of. Of smartness, like the smarter the better, but I don't know. And you said humans have been doing it. That's. That's part of why. I don't agree with it, but that's part of why. The government overreach, I guess, is a good thing in a way. I mean, I guess them watching social media patterns, I guess them watching who you hang out with, I. I don't know. You know, data centers are popping up all the world. You know, we're talking about water shortages in Arizona and a lot of the country. And yet data centers are being approved. We just got a big, huge one the size of 31. I think I read football fields approved in Maricopa County. So I wonder where the water is going to come from. But I have another question. What is this all about? What are these data centers going to do? Is that what's going to run all this AI that's going to replace me?
We keep talking about data centers and the power they use. You know, the APS. Our bill's gonna have to be a thousand to 1500amonth from APS in the next couple years. So how do we afford that? The answer is maybe we'll be replaced that soon. I don't know. It's just scary as. You know what, to me, let's get to something a little more light and airy because this whole robotic future is frightening. Here's from the End Time headlines Sam said it's time to go watch the Matrix again. V from Vendetta the Matrix, the road. If you haven't seen the road, you got to see that dystopian. I love that word because good night.
So and by the way, we bring you problems. Our, our job here is to sound alarms. Our job is to get package stuff, give it to you for, for, you know, one hour a week so you wake up. But we have solutions. We can talk to you about off grid living. We can, we can talk to you about places in the, in the state that have better aquifers than say, Williams, Arizona. So let's get to something else. I just found this interesting. There's another I guess this is another wave of the future Taxpayer Funded Texas Water Park Announces Muslim Only Day Featuring modest dressed and Halal Slaughtered meat A city owned water park in Grand Prairie, Texas has ignited controversy after announcing an exclusive event reserved for Muslim attendees to mark Eid. I don't know what Eid is. I guess I could look it up, but I don't really care. According to a report from the Daily Mail, Epic Waters Indoor Water park is set to close its doors to the general public on June 1 for a private celebration organized in partnership with the East Plano Islamic Center. The 80,000 square foot facility, which was opened in 2017 at a cost of $88 million to taxpayers through a voter approved quarter cent sales tax, will enforce a strict modest dress code aligned with Islamic values. Attendees must adhere to guidelines requiring swimwear that covers appropriately with recommendations including full coverage options for women and children.
The announcement has triggered sharp criticism on social media, with questions swirling over whether a publicly funded venue can legally exclude non Muslims. Conservative commentator Dana Lash led the pushback, asking how is a taxpayer funded city owned entity allowed to discriminate against non Muslims at a public water park. She added, there would be literal riots if Muslims were similarly excluded. And we all know that's 100% accurate.
Anything on that, just move on. Should we move on?
[00:53:46] Speaker C: Did someone pay to rent it out?
[00:53:49] Speaker A: I mean if you go to a
[00:53:50] Speaker C: park right now there's volleyball courts and you have to pay to reserve your spot. So if someone organization came and paid to rent out the entire thing for a day then
[00:54:03] Speaker A: oh we got.
[00:54:05] Speaker C: Are they just donating their time or
[00:54:07] Speaker A: that was the only article I saw and I'll dig further and have that answer for you, but I sure as heck hope they rent it out so that's that's mixing church and state pretty hardcore. And again, you know, look at it. Look, if it was reversed, if it was Christians that rented out, I think there'd be a lot more awareness of it. So. And yeah, I'll have that answer for next week. And then the other half of my articles I did not get to even though I went fast.
[00:54:31] Speaker C: Anyways, that's it for today's show. If you like what you heard, you have any questions on today's topics or you want to reach out to us website as anothermoneyshow.com reach us through email
[email protected] give us a call 623-523-0444. The number again is 623-523-0444. We appreciate you listening. We'll see you again next Saturday at noon and 5am right here on 9 60.
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[00:55:42] 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.
