[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.
[00:00:32] Speaker A: Reduce their tax risk and reach financial freedom.
[00:00:35] Speaker B: So let's start the show. Here are your hosts, Anthony Correjo and JR Ratchford.
[00:00:42] Speaker C: Here we are, your hosts, Anthony Correo and JR Ratchford, taking a break from our day to day as financial advisors with Rochford and Associates. Fully independent fourth generation veteran owned family practice right here in Sun City to bring you things you may not hear on those other financial radio shows where the last thing you need is another money show. But we appreciate you being here today.
What do you want to start with? Jer?
[00:01:06] Speaker B: Well, why don't we knock out the shout outs real quick. Why don't we use our normal format so people don't, they don't think something's wrong. So I'll make it quick because we have a lot to get to which is new and rare. So first one I want to give is to Joe and Jason and jack over at 10:10am, a sister Salem station.
So they're having me on every Monday. Now I don't know if people are catching the show, but I am going to be a regular on Mondays. I was thinking I'd come on for like five minutes, 10 minutes every Monday, but I'm actually staying for the entire hour. And with Joe and Jason, it's unlike you and me with Joe and Jason, it's hard to get a word in. Ed's right. So I don't fill up a lot of the hour.
But I don't know, I mean, hopefully I'm contributing properly and I just, I appreciate so much that they're giving me that opportunity. So because they've got an audience that I think is very, I would say they're very similar to ours. There are people that are awake and aware and nimble and worried about the world. So I don't know, I just. Thank you so much, you guys. I love being on My Cousin Frank. I want to shout out to my cousin Frank. He, I know he's heard some of the shows but I sent him one last week and he listened to the whole show, gave me feedback so Frank is. We were very close growing up, so we used to go to each other's houses and then sneak in the car so we didn't have to, you know, be separated. So we were close. And then we lost touch over the years, regained touch a few years ago, and we've become pretty close again, he and I. It's amazing how similar we are. I mean, I have some relatives, immediate family and cousins that we're not very much alike. But Frank and I, it's. It's like we should have been Siamese twin brothers. So I'm glad that you're listening. I'll send you the show.
I noticed people listen to the show more if I send them a link than if I just trust them to find it on their own. So, Frank, whenever you want a link, I'll send it to you. We did get a couple pieces of feedback this week. We got a couple loyal listener calls.
I don't think I'm going to say their names, but I did put their voicemail messages through AI Because I'm becoming quite the tech guru now that AI is there, you know, now that I have Grok and Chatty G.
The first one, it's a guy who lives in the Phoenix area and he said that he's an avid listener. He said he enjoys the show.
And I want to start with saying I. We greatly appreciate feedback. So thank you so much for calling.
He did want me to talk about something. I gave the suggestion last week that with the possibility of gas shortages and 70s style, you know, lines and that sort of thing, that you may want to have gas cans and cycle the gas. So this guy, I mean, he, he basically said I have to be careful with that advice because if people don't store it properly, they could have a fire. That is very true. And I look at it like with this show, I'm trying to. I'm trying to sound alarms. We talk about current events, not just your traditional financial planning. We were a totally different animal than the other shows. When I give you advice like, I think you should save guns and ammo. I don't want you to shoot your.
When I say you should, you know, have food and water, I don't want you to drown. When I say you should have gas cans and cycle through. I don't want you to have a fire. I mean, you have to figure out how to store it the best way you can. I've stored fuel. You know, I'm not going to say how much or whatever, but I've stored fuel for. I Don't know. Going on 20 years. And I. And I've been aware of heat and where I put it. I don't smoke. I don't smoke, especially. I don't smoke around it. I mean, so it was great advice that I make sure people know that there are hazards. There's pros and cons to everything. To every coin, there's two sides. So, I mean, if we have a problem with getting gas and you're trying to get out of town or something, and the stations are shut down, you'll be glad you had the cans. If you have a house fire, you will. Not so wonderful message. Thank you. I should always point out you need to be careful. You need to be. You need to be safe. He did say he likes the show, so that's a good thing. You know, we're asking people. It's coming up on renewal time again, so we're asking people if they think we should keep going or what their thoughts are.
Another guy called in. Switching gears here real quick. Guy called in, I presume, also in the Valley. He's got a local number, said he was listening to the show. He said he loves the format. So he said that we asked for input, so he wanted to give some. He said that when he listens to other financial shows, he's like. He. He. It doesn't stay long. I'm paraphrasing his message as I read this. I don't want to get too close to what he said, but he said he doesn't understand the damn things. How anybody listens to that crap. Excuse my language, but it's not my language, it's his.
He said he can't think of anything more boring. He said when he's going down the. The dial and he hears words like portfolio or investment or something, he continues moving on. He doesn't stay.
[00:06:01] Speaker C: So he's not wrong. That was probably my favorite message to listen to.
[00:06:05] Speaker B: It was so good. I want to say his name so bad, but without asking him, I can't. But it was probably the best message we've got for, like, we agree, we listen to other. Well, I do. Anthony, I don't know if you do. Every weekend, I listen.
[00:06:19] Speaker C: You do not.
[00:06:21] Speaker B: Oh, okay. You stop me for a second. So I do every weekend, I listen to a lot of them and I. And part of it is I'm curious if there's things that I'm missing. You know, I mean, part of our job is cell part of our job. I mean, we have to keep up with current events, but we have to. I mean, we have to keep up with regulatory changes and that sort of thing. And since I'm more tuned in with the current events than the regulatory changes, I figured the other shows, I don't need to recreate their wheel. I'll listen to their boring crap and I'll glean things from it and then I'll look into what we need to. And by the way, our in office compliance department is Anthony. So Anthony keeps me on the straight and narrow with what we need to be doing with retention of files and all the things that he's keeping in touch with. I've been in the office almost 30 years. I really don't care anymore. I mean, yeah, I mean, if I get fired at this point, I am gladly going to go to work for Walmart and be a greeter if I can come out of my shell and be less shy.
Anyway, moving back to this guy's message, it was so good. He said that he loves the fact that we touch on politics, talk about the world, the macro view.
So anything else here? Yeah, I'm going to, I'm going to stop there. But I just so you know, we love that you called in One more shout out. Michael C.
Is back from his summer vacation, so I do expect to get input. He did ask this week. He brought up the World Oil Fund institution and he said, what if they tokenize oil as a currency? Well, I was thinking about that, Michael, and I have not had time to look into your exact question yet, but I was thinking about something. You know, Covid, there's always a reason for change. There's always a reason for governmental oversight. Whether it's climate change or whatever it is, the oil might be the next big one. We're going to talk about a couple stories on oil today, so we'll get to that. But oil could be a very.
I mean, it could be a currency, it could be a way to lock us down.
So I don't know, we'll see what happens.
I'm going to jump around a little bit. You know what, let me start with the Fed and the treasury and the government.
So yesterday was the big rate announcement. Oh, by the way, today, as we record is my youngest son's birthday. So obviously you know the date. It's September 17th. So happy birthday, Jay. If you're listening, Jay has never heard an entire show in his life. Four and a half years. Jay has heard bits and pieces. Only because he's, he's here in the house and he shouldn't be. So anyway, happy birthday, Jay, today is the 17th of September, as we record yesterday. On the 16th, they have the big Fed meeting and it's, it's shocking to me that anybody still really, really cares what they say. They, they don't have a tool chest. You know when they say they have tools? No, no, you don't. We've gotten past thinking you do. It's a debt system. The only thing that's going on is debt. And I'll tell you what, we were not dumb. Well, I mean, in general, we know why you had to raise rates. You're going to say it's just because of inflation. If it's because of inflation and you're at a 2% target rate inflation, and we're at whatever it is, 3 to 4% right now, and you raised it a quarter of a point and you're telling me that that's going to change the inflationary pressure. Baloney. Raise it 2%. Rip the band aid off. Well, you can't do that because the stock market will collapse. We all know that. I mean, it's just garbage. You know, part of the problem with raising the rates. And I want to point this out. These people in charge of our financial system and government wash and besent these people. They know this. We have $40 trillion in debt on the books. We always urge you to go to us debt clock.org so the interest on the debt is the what, the third largest line item. Now it's Medicare and Medicaid, then Social Security, then the interest on the debt, then we get to defense and other spending. It's.
I get so angry. So you have to be really careful because the higher the interest rates, the more it's going to crush us with debt. Well, you know that you're waiting with your finger hovering over the button. So as soon as the system's ready to collapse, it's going to collapse. You're going to let it collapse. You're going to usher in the new central bank digital currency. You're going to call it a stable coin. And by the way, the Clarity act did not pass. We'll get to that too, if we have time. Today I did look at something I was curious about, something I looked at just to get an idea online. So I'm taking this off of the online systems. What is Kevin Warsh worth? What is his estimated net worth? And I thought you're a public servant, you know, I know, I know you've had a job, unlike Bernie Sanders, I know you've had a job. But his network worth says Here. Kevin Warsh's net worth is estimated to be over $100 million, with some estimates that suggesting it could be as high as 230 million. His wealth comes from various investments, including significant states in the Juggernaut fund and other assets in technology and finance. You do realize this country is being run by a bunch of rich old white men and that's going to change. I mean, maybe as soon as the midterms or things are sweeping the other way, but. So you don't have to worry, do you? You know who has to worry? The middle class families. You know what happened yesterday by raising rates a quarter of a point, the people with money in the bank, the people with CDs, the people with fixed annuities, the people with safer money can eke out a little bit more interest. Not much because a quarter point isn't huge, but they're going to get a little more interest. So the savers who already save and have excess money or income are. This is a good thing. You know who this just hurt yesterday. What if you're in the market to buy an automobile?
What if you're, which are already incredibly expensive, you know, pre Covid and post Covid, you do realize, right, houses, cars, everything went up a little bit. So what if you're in the, in the market to buy a house? We're over the 7% mortgage interest rate again. So we hovered in the 6 range for quite a while. Now we're over 7 again. And Anthony, you know this. Most people don't. We got really spoiled by the ridiculousness with, you know, near zero percent interest rate environment for what, 15 years. So everybody thinks they deserve a 2.75 to three and a half percent mortgage. The historical norm since mortgages were a thing, is in the 7% range. So this, this isn't that weird that
[00:12:46] Speaker C: I had that conversation with the client earlier this week and we are in low interest rate environments. Even though it doesn't seem low. We are and we're still, even though it's higher than it's been for the last two decades, this is still a low interest rate environment because it was too low for too long because the market got used to it and they wouldn't let them raise rates. And then Covid happens and we run out of ammunition because we can't drop rates past zero. Right. And we're going to get into negative rates. We talked about Japan for a bit, so they printed money which as you see causes inflation, which you have to raise rates to battle inflation. So that's where we're at today because they refuse to take responsibility for their actions in 2018.
[00:13:30] Speaker B: And it's only going to go so far before the system shuts down. I'm sorry. I know I'm the boy that cried wolf. I know. Four and a half years. If you've been a loyal listener, you know, I've been sounding alarms. Well, when's it going to crash? I don't know that. If I knew that, I'd probably be at the lottery office because I might know those numbers. But I can tell you things are amiss, so. And by the way, at the end of that story about the cried wolf, there really is a wolf and I think the wolf is getting closer. But what do I know?
[00:13:57] Speaker C: Yeah. Because we have an 80 year cycle. I just sent you a video on that.
[00:13:59] Speaker B: Oh, I know. I watched it. I want to get to that, too. Anthony sent me a couple things, so. To finish up. You know what the difference is? I'm sure this was brought up with a client conversation. You had the difference between 7% interest rates, you know, 10, 12 years ago, and now a starter home is 350 to 450 grand. A home in Sun City. I know what I'm talking about. I'm watching all the signs pop up. Right now, the homes in Sun City are going from three to $500,000. They were built in the 1970s. Some of them have avocado green refrigerators that still run, by the way, if you have one of those, good Lord, don't swap it out. Don't get rid of your old air conditioner. But anyway, it's a. You can't. The American dream is dead. Homeownership is getting longer. You know, Jay's living in our house for longer and a bit of their happy birthday, but everything is different. So I don't know. Sam wants to know if there are pink and green bathrooms. I'm positive there are. With fuzzy toilet seat covers and nice little rugs in front of your feet for those, you know, when it's cold out, which. This is Arizona. Okay.
I saw a squirrel and I ran. So. Kevin Worsh. 100 million, 200 million. Whatever. A millionaire. Millionaire. So you'll be all right. I went over to Scott Kenneth Homer Besant, or Besant. I know his full name now, but I don't know how to pronounce his last name. So he's an American businessman, financial commentator, government official, having served since 2025 as the 79th U.S.
treasury. Anyway, he was born in 1962, so he's 64, born in Conway South. I got all this. I learned way more than I need to do about him. But I wanted to find out what he's worth. See here, Scott Besant, or Besant, has an estimated net worth of about $600 million. 600 million. His official filing, his government ethics financial. Come on, isn't that an oxymoron? His government ethics financial disclosure showed assets worth at least 521 million. His real value, experts and publications like Forbes estimated his true net worth at closer to 600 million.
I only bring this up because I want you to know the only thing left in this country, the only thing left in this world is the haves versus the have nots.
And if you're listening to this show, we want you to do anything you can to be closer to the haves and the have nots. We don't want you to be blindsided by anything. And we, by the way, we give you all these problems week after week on this tinfoil hat weirdo who tells you everything's bad. But we give you solutions too. We think you should safely store gasoline cans. We think you should have water bladders for your tubs. We think you should have guns and ammo, silver and gold, food and water, alcohol and tobacco. We think you should have stocks and bonds. We think you should have annuities. We think you should have physical cash at home. We think you should hedge every single bet out there. We believe in moderation and diversification. We believe in lifetime income. We have all these things. And you know what? There's not a lot of other financial shows that are going to add water and food into your financial plan if things go south. Usually they go south in a hurry. We want to address that. We don't want to just address your normal financial planning. And by the way, Anthony and I are two different animals.
So if you want more traditional financial planning and less end of the world, we focus a little more on Anthony gets to the point he back tests your 401ks, see how they fare. If you have another 2008, he does more of this strict financial I will sit with you and we'll figure out what you should do about food and water. But you're going to get a holistic approach in our office. And if you're tired of the thought of the high pressure, high quotas suit, you know, blue suit, white shirt, red tie, highly polished shoes. If you think they're full of hooey, those people give us a try.
I don't even think Anthony owns a tie. At least I've never seen one.
We're a little different animal, but you know what?
We actually are honest and we care about you and we are fully independent. We don't have quite the same pressures and quotas as some of the firms.
So where was I?
I want to talk for a second. Because of the big treasury increase, I found a couple articles here and I want to touch on them. One, and this is before they raised the interest rates. So this is interesting.
This is on the 10th of September, so a week ago from End Time Headlines.
End Time Headlines has become my go to even more than all the MSN and CNBC and the main stuff I look at. And then when I want to find current events, I go to Zero Hedge, I go to Gateway Pundit, I go to all these different sources. The reason I really like End Time Headlines, they're quick and to the point. I always try to find two, you know, one or two other sources saying the same thing. I still want to check their work, but they're, they're quick anyway. So this is from last week. Treasury Yields Surge towards danger Zone for Stocks as Inflation Pressures heat up Inflation's not going anywhere, kids. I hate to tell you. U.S. treasury yields climbed Thursday morning sharply as traders reacted to a fresh jump in oil prices and disappointing wholesale inflation data, pushing the benchmark 10 year note toward a level that has historically unsettled the stock market.
According to a report from market watch, the 10 year treasury yield rose 7 basis points to a 4.91%, leaving it within striking distance of the psychologically important 5% mark. That threshold has mattered for investors because equities have tended to weaken when the 10 year yields have held above 5%.
Oil prices were already at their highest level in months, adding to the sense that inflation pressures were heating up again.
So that was on the 10th. Fast forward to this week on Monday, same publication, End Time Headlines. So this is Monday. 10 year treasury yield briefly tops 5%, hitting its highest level since the 2007 as bond market sell off deepens. According to a report from Market watch, the benchmark 10 year treasury briefly crossed over 5% on Monday, reaching its highest intraday level since 2007 as a deepening bond sell off sent investors hunting for safety. Market Watch described the 10 year rate as a key affordability yield. This is what ties in with what happened yesterday, the borrowing cost that helped set mortgages, car loans and other long term debt. The move came as oil prices marched higher, anxiety about artificial intelligence intensified and traders looked elsewhere for refuge. Whether 5% becomes a ceiling or a floor will be decided in the sessions ahead for a few minutes on Monday the bond market already answered.
The cheap money era is no longer setting the price of a 10 year loan. So fast forward to yesterday the Fed and we knew they would, I mean I said it on Joe show on Monday. He straight out asked me, do you think they're gonna raise rates? I said yes. Joe agreed, yes, we thought they were. They have no choice. They've got to at least make a symbolic gesture that they're trying to work on inflation. And you know what this all means. The rich get richer, the poor hover and the middle class are shrinking on steroids. So all this did was hurt the people that are already hurting.
It's, it's going to help the savers and hurt the spenders. And unfortunately we've done statistics over the years about how much people have saved. You know the average, average 401k right now I believe is at $40,000. Think about that. If you're nearing 65, the average 401k balance is $40,000.
People that are relying on, on their social. Well, I'll get to that later. So anyway, the, the thing about yesterday, yesterday the Fed raises interest rates a quarter percent and the market dumps. It was down 700 points on the Teflon Dow at one point. Today it's roaring back. I don't know, I looked this morning, it was, the Dow was up almost 400. Nasdaq was up, you know, 400.
It, the interest rates shrunk a little bit.
So you see what's going on here. If you're watching this, good news is bad news. Bad news is good news. If the Fed raised rates and the rates retreated slightly, at least today. Well, that's weird.
That's weird. That did the opposite of what they meant it to do. But leading up to this rate increase, the bonds were going up and the Fed weren't raising rates. So I'm just telling you they've lost control. And over the next weeks and months and years, we're going to see the outcome of how much control they've lost.
So moving right along, I'm going stay financial for a little bit here. This, this is a little current event financially.
Dow locks in the worst September opening since 2008 as Wall street history echoes. I, I've been saying this for four and a half years. It gets tiring to be long, to be wrong for long enough. But I'm just not going to back down. You know the simple rules before high Frequency trading computers and marijuana stocks and Bitcoin. There were rules. You buy low, sell high, you save more than you spend. There's no rules anymore. Come on. The game is rigged. So let's see here. And yes, this is from the end time headlines on the 16th, which would be yesterday according to a report from Market Watch. Oh, he liked Market Watch. This week US Stocks have stumbled through the opening stretch of September. I've noticed that with the Dow Jones Industrial Average posting its weakest first 10 trading days of the month since 2008. 2008. It keeps on my mind. History is repeating itself on Wall street on Tuesday, the blue chip index sealed that grim mark while The S&P 500 and Nasdaq Composite each recorded the worst 10 day September starts since 2020, according to the Dow Jones Market data. The slide comes as stocks are off to a rocky start in September. Tuesday also marked the 18th anniversary of the Lehman Brothers bankruptcy filing. A curious coincidence. Think private credit, which is still doing gates and fees. That has only sharpened the sense of deja vu among traders. Investors watch major averages sink through the first two weeks of the month, echoing the kind of early autumn pressure last seen during the financial crisis.
Okay, dad. Underscores how quickly September can turn volatile. So why don't we do this?
I'm going to stop there and we'll take a break.
Let's see here.
Yeah, and I wrote some notes on this. So after the break we'll talk a little further about what I think is coming, maybe sooner than later. But if you would do us a favor and like the two people that we referenced today, call us, let us know if you think we should continue the show. Let us. We only have a couple weeks to decide if we're going to renew. I mean, we're leaning toward it because so far we've had positive feedback. But we want more and we love to know you're there. Quite frankly, we don't know who's listening. So reach out to us
[email protected] or you can call us at 623-523-0444.
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Last thing you know, this shows on current events. This shows on having you prepared. Not scared, proactive, not reactive. In the office, we'd love to be a second opinion on your finances. You've got an old 401K. Whatever you need, we would love to be there for you. And we are full service. We have a relationship with an estate planning attorney. We do life insurance. We do it all. So come see us. We will be right back. Thank you so much for being with us.
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[00:27:01] Speaker C: Hi, I'm Anthony Corayo, co host of another money show airing on 960 the Patriots Saturdays at noon and partner of Rochford and Associates in Sun City. If you've heard our show, you know it's more news based and how current events could affect your finances versus an hour long infomercial. Well, now it's time for that infomercial. But I don't need an hour each week to tell you what I can say in 60 seconds. The key to a happy retirement is income, income, income, income. Clients with low assets and those with high assets all have one thing in common, a fear of running out. Assets come and go. Income is forever. Self funding pensions is the key to a happy retirement and we can help you do it. Reach out to us at 623-523-0444. That number again is 623-5235-0444. Or find us on the web at anothermoneyshow.com and let us help you not worry about your retirement.
[00:28:00] Speaker B: So let's break down the big stuff without the boring.
[00:28:03] Speaker A: It's money time.
[00:28:05] Speaker B: This is another Money show.
Welcome back to ANOTHER MONEY show. Thank you so much for being with us. As you know, we greatly appreciate it and thank you again for the people that are calling and texting and emailing. We really, really, really appreciate your feedback. So moving right along. You know, I was going to finish up talking about that worst, you know, DAO in September.
It doesn't matter. My thing is the the Dow Jones Industrial average. It's only 30 companies. If you're not aware of that, you need to be. So let's move over the S&P 500. You know, there's probably, I don't know a good four or 500 companies in it. It's, it's even the name 500. So it's more fair. It's more indicative of what's going on in our country and in our world. No, it's not really. I mean, you know, for the past, I don't know, five, six years, we've been talking about the fact that it's, it's floated by under 10 stocks. There's 500 stocks and less than 10 are what's carrying. It's sampling the board. 503 companies. So they even start with false advertising. Why on earth don't they call it the s and P503?
Probably, you know, trademarked by Levi's and they'd get sued. But it's really, you know, the fang. Remember the fang that was the earliest version of really unfair leverage. That was what Facebook, Apple, Netflix and Google. I believe it was the fang now. And then it became the miracle, whatever, you know, the. All these very, very narrow basket of stocks, Nvidia and all these things.
Yeah, it's bad Sam put on the board. The top 16 holdings are weighted at 1% or higher.
So it's pretty top heavy. It's very top heavy. So if we took out 10 stocks, it would be a different picture. So Michael Burry probably, I'm not sure, probably one of our loyal listeners, Mike, if you're listening, he is shorting semiconductors. From what I'm reading lately, I don't have to say allegedly because I found it in several sources. So semiconductor, you know, a lot of people are getting a little bit worried that we have a little bit too much of our hope and trust and expectations in AI, robotics, data centers, flock cameras, all this stuff. Things are changing way too fast. So if we have another tech bubble, look out below because this is going to be a doozy. So which, you know, I'm in the average investor, if they have 40,000 in their 4K, they're going to have 20. It's not going to be that life changing. But you know, here looks like there's
[00:30:38] Speaker C: Quite a few ETFs out there too. So if you're like me and you don't actually want to do options trading, you can buy ETFs that short the market. I've got one for the QQQ which obviously I've been wrong in. So I am down a lot of money because it has kept going up. But I'll hold it and then I'll buy more when it does eventually go down.
[00:31:01] Speaker B: And you came in the office in the month of July 2018. You've been in the office over eight years. And one of our first conversations on investing, that was in 2018, before the end of the year. We were talking about investing and we talked about, I believe it was your idea and I agree with you that it's smart. We were talking about shorting the S&P 500. We were talking about Michael Burry eight years ago and how he had the vision to see the mortgage backed security bond bubble, housing crash, stock market crash, we're all going to die, crash. He saw it coming.
[00:31:33] Speaker C: Well, you remember why 2018, specifically why
[00:31:37] Speaker B: we're talking about it? Yeah, because you still like me and you were new and hungry and fresh in the job and that's never true.
[00:31:45] Speaker C: 2018 because we're talking about rates. So I mentioned this in the first half, 2018 is when, you know, the Fed had rates at zero for the longest time after 2008. And then they're like, you know, we just were giving all this money away.
This isn't how, you know, if there is an emergency, if there is something like we have no ammunition left. So they started to try to raise rates and that was in Q4 of 2018.
And the market threw a massive fit. Market was super volatile. I don't know if you remember watching the ups and downs then. And people were getting really worried and they were only getting really worried because the market was throwing a fit that they were no longer going to have access to free money, which again, they stopped raising rates. Then 2020 happens and there's only, you know, the rates are already low, so now they're dropping again to practically zero. But that's it for their ammunition, which is why these rates now seem like they're massive when they're not. They're still historically low. But that was why 2018. It was the, the interest rate environment was what led to the market volatility, which led to our conversation about shorting then.
[00:32:53] Speaker B: Well, and you've seen some volatility. 2022, 2024, 2020, I mean March and
[00:33:00] Speaker C: April, I hardly count any of those though outside of COVID was one month, which never one month and then skyrocketed on the back of potentially there's this life saving vaccine out there.
But it didn't matter because we stopped the entire globe, the economy of the entire globe for over a year, closing in on two years. But it didn't matter because they printed enough money to keep the stock market going.
[00:33:31] Speaker B: My understanding is a third, a third this, you know we're celebrating what, the 250th year anniversary of our country.
A third of all money in, in circulation has been printed in the last six years.
I read something to that effect.
[00:33:47] Speaker C: I'm sure you, yeah, you can look up the M2 money supply and unreal. See how insane that is.
[00:33:54] Speaker B: But, you know, world reserve currencies, Brent Woods, I mean, no matter what you research, Jekyll Island, I mean, there's so much out there.
The one thing I can tell you, there's a bunch of manipulation. There's a bunch of. And they rely on us being dumbed down. The government really wants us broke, unhealthy and dumbed down. They want to feed us crap, red food, dye, whatever. And then when you bring Kennedy by, who says, let's change that, you know, it becomes so political, it goes away from health and it becomes political. Just like Covid, by the way. You know, Covid, if you're, you know, when the dust settled, if you believe in the vaccine, you're a Democrat. If you don't believe in the vaccine, you're Republican. What the hell? What happened about health? What happened about research? What happened about common sense? People that wait in line at the stadium? I watched the traffic. It's. It's insane. So. And you know what? You know what, Anthony? You know what's happening right now that's happening with AI? Bernie Sanders came out and said, we need to put a moratorium, you know, and he's come out about climate change and everything else. But Bernie, you know, it's. Mark my words, in the next weeks and months and years, AI, if you're in favor of it, you're a Republican. If you're against it, you're a Democrat. How in the hell are these things? You know, there's people warning us that we don't know the end results of AI. Yes, it could cure cancer. Yes, it could do very good things. It could help my son with his resume. It could do good things. But it could also kill us all by the end of the decade. So there's that. It's kind of like Lindsay, it's been
[00:35:25] Speaker C: every industrial revolution, though, there's been people that have worried that it's going to be the end of the world. So I think there is a lot of potential, potential for AR to do harm. But I think overall it will not
[00:35:37] Speaker B: be what you just said is very important. It depends who's in charge. It depends whose agendas prevail. AI can be a very, very wonderful thing. It could also be bad There's a lot of talk right now about how it can shut the Internet down. It can literally escape its little parameters and hijack and shut down the Internet. That means our show is done. That means my YouTube searches with multiple commercials is done. That means my reading everything is done. Nobody goes anywhere without their cell phone. If you accidentally leave for work without your cell phone, you feel naked the rest of the day anyway. So I don't know. But I just. To make it political is what bothers me. And back to the Dow Jones.
This whole thing, 30 companies, we're out of water. You talked about your gold and silver, you know, your guns and ammo, whatever it is, pale in comparison to the importance of running out of water. Other than Mark Burr, who I'm still getting so much people saying that, you know, well, he makes money finding water. I don't care.
It's America.
Make yourself. I'm all tongue tied. I love Mark Burr. Make yourself another Elon Musk. Become a multi billionaire. Make yourself the first trillionaire. If you can get rid of the stories about Lake Mead, Lake Powell, and I was being out of water.
So I don't know. So we're out of water. You know, there's definitely a heightened possibility of a power grid failure. We're definitely heading towards a potential energy crisis. You know, if there's not enough gas and oil and it leads to rationing or a shutdown.
You thought Covid was bad. You thought it was bad when you couldn't get toilet paper, hand sanitizer, and Clorox wipes. What if it ever happens with gas?
What if you can't get gas? What if you can't get food? I mean, some of these things are scary. We're on the verge of World War 3 with China and Russia. Those are big possibilities. There's so much on the table, and yet the market's up.
[00:37:35] Speaker C: I don't know.
[00:37:36] Speaker B: When I look this morning, 400 points. It just doesn't make sense.
I can't wrap my mind around it. Speaking of China, so yesterday I do rely a lot on listener and friends and people sending me stuff that they heard that I should look into. So during the day when I'm able to check my phone, I look into things real quick. I had a friend of ours who, she lives out of state now. Her name is Julie. She sent me a little quick video on Gigi Ping who might have had a stroke. So I. And I mean, this is big news. I'm not worried so much about him being gone as I am who steps up to the plate. You know, when you look at AI, when you look at weather manipulation, when you look at, you know, everything China, we, we could have problems. China annexing Taiwan again, I mean, there could be problems. Anyway, so my quick Internet search, if you're listening, no official sources have confirmed that Xi Jinping had a stroke. The claims were unverified and circulated online.
Reports about him being treated at 301 Hospital after the BRICS summit have not been officially verified by the Chinese or Indian authorities. It was a BRICS meeting in India.
Health rumors surrounding Xi Jinping. Ba, ba, ba. So it says here that he had some health issue. They don't think it was a stroke.
Lack of confirmation. So in conclusion, until there is an official announcement from Chinese authorities confirming any health issues, the rumors about Xi Zi Ping having a stroke should be treated as unverified.
Boom, we'll move on.
I know I'm jumping around from, you know, the market collapse, that's. That's coming up soon and so forth. I want to jump around. Anthony, you sent me two things yesterday. And usually you don't send me a lot of stuff. I think you just trust that I have enough to cover the show each week. But you sent me an email about a young man who. There was a shooting at a mall. Do you want to talk about that at all or why you sent me? Just. Did you send it to me just because I would find it interesting or any show idea.
[00:39:48] Speaker C: Mostly find it interesting because I know you bring up the second amendment a lot and it's, you know, the trope is good. If good guys have guns, they'll stop bad guys with guns. And that was kind of what happened in Detroit.
And now the judge is saying because technically he shouldn't have been concealed carrying. So I get that that's. That part is technically against the law. But he saved other people from being shot and now he's, you know, two years probation. Not too bad. But still, just the fact that they are going to sentence him for saving a potential mass shooting, I think that's crazy.
[00:40:24] Speaker B: It is crazy. Luckily, the sentencing was two years probation and he has to take a course on like, concealment. And he. And Amen. Sam. Sam put on the board, it's still better than dying. He. He saved lives. The person was shooting people in the mall. There was a fight. Guy brandishes a firearm and he shot and killed somebody. He. Apparently he was still shooting the gun. This guy took on a weapon and stopped the threat.
So the judge was like, well, you
[00:40:52] Speaker C: should 19 year old Martinez Long was the one that stopped the guy from shooting more people inside that mall last summer. This summer, I believe.
[00:41:02] Speaker B: I don't know. My take is what happened to the Second Amendment. It's very, very short and clear. Shall not be infringed. Doesn't have a lot of cloudiness.
So if you have a firearm with you concealed in the mall, good for you. I am a Second Amendment advocate, so I think. I'm glad you were there. I'm glad you happened by, so. But it was. It was interesting. It's a good read. If anybody wants to hear it, I'll send it.
[00:41:32] Speaker C: But I feel like, you know, the NRA and all those gun organizations, things will happen and then they'll pop their heads up and be supporters. I was like, I don't know why this isn't getting more support and people looking into helping this kid out.
But I don't know. Maybe there's more to it. Obviously, just reading the summary of the case, but the basics sound like he wasn't involved. He'd stopped a mass shooter potentially. And then now he's being punished, luckily, lightly punished.
[00:42:01] Speaker B: At least there's no prison time. And, yeah, luckily it's not too much punishment.
And then you sent me a video that I watched this morning about the Fourth Turning, which is a phenomenon I'm familiar with. Every 80 years, there's a major change. So we, you know, the end of World War II.
The video referenced 1946.
So 40 years on top of that, guess what year that is?
And you look at fires, floods, droughts, earthquakes, it's either just the natural fourth Turning that we're in the early stages of, or this is biblical. This is either end times or just a progression, a cycle.
But, Anthony, for you to send that to me was. Was odd because you don't like to feed into my, you know, worry and my stuff. It was almost kind of. You could see where that video was kind of conspiracy. Conspiracy theory is.
[00:42:57] Speaker C: No, not really. I think it's more. I think it fits more into my view in that obviously something is going to happen because all of this cycles and none of it's new. And we got through all those other ones and we were fine. Just like, we'll get through whatever's going to happen next. It'll probably be bad. It makes sense that it'll be bad, but we'll get through it and we'll be fine and we'll move on.
[00:43:15] Speaker B: And I am going to play point counterpoint. You are very half full on what's going On I am very half empty. You know, where the truth usually lies in the middle. You're part right, you're part wrong, I'm part right, I'm part wrong. I just don't think. And I know we've had a world war. I know we've had a civil war, we've had the Black plague. I know we've had all this before. We've really never had it all at once. When, when Russia is back on the table as a possible threat, when there's actually the.
[00:43:43] Speaker C: Why is Russia on the table as a possible threat? If they can take a bordering country that's a small fraction their size. Why.
[00:43:50] Speaker B: Well, they have.
Because they're a nuclear power. They none of the, this has all been somewhat conventional warfare up to now. The thing with drones is new. So a lot of this is new. And I know Trump came out this week and said, please, please, you know, please, Ukraine, we've given you billions of dollars, please don't blow up the oil facilities in Russia, you know, which lasted one day. And then Ukraine yesterday was back at blasting the oil reserves. I don't know. This is just unusual times. If something gives and anybody pops off a nuke, that's where World War 3 pops off and it could be a game changer. So you're right. I mean, so far, no harm, no foul. You know, we had the Cold War, now we're back in a somewhat of a hot war. I just don't want it to get into a nuclear war because that, that would be bad, I think, I don't know.
So you should safely store nascent iodine HEPA filters, have some like it's Y2K again. Have a bunch of plastic sheeting and duct tape just in case. Be ready if we have a nuclear problem in this country, not to leave your home for a while, you know, at least let the dust settle before you walk through it.
If you are a listener and you work for you own, you know, anybody that works for or owns. If you know anything about in home caregiving, please. We're looking for a company or companies that offer a discounted rate for veterans.
Everybody says they care about veterans and we want to see if there's anybody that actually does something about it. I know there's companies that help help you through aid and attendance paperwork. I, I know there's people that that and they genuinely do care about veterans. But we actually, we've had a request from somebody who helps veterans to see if we can find somebody who actually has a discounted rate. Some Veterans.
[00:45:37] Speaker C: Well, Rick said that on the show, right?
[00:45:39] Speaker B: I don't know. I don't remember.
[00:45:40] Speaker C: He did.
[00:45:42] Speaker B: Okay, so. And I'm putting a more formal shout out. We want to find somebody that can help a veteran stay in their home and get some care. But not everybody qualifies for Medicaid aid and attendance. They don't qualify for all tax, so they have too much income or too much assets, but they don't have enough, you know, to. To afford 35, 40, whatever dollars an hour to have somebody come in and give them the proper amount of care. So I am on a mission. I've reached out to a few companies in writing, so I'll keep people posted. So far, I haven't found a true, you know, discount from a company, but I'd like to if it's out there.
So should we. What should we get to do? You want to stay financial or you want to talk a little bit more about the end of the world? Good. Me too.
Travis Kelsey. Yeah.
So let's talk about Travis Kelsey for a second. I did watch. What was it, Monday Night Football with Kansas City. Was it. Was it Denver? Yeah, I think it was Denver and Kansas City. I really don't care much about all that, but I did see some of it. And my buddy Taylor. Was it Taylor Swift? I call her Tay Tay. I saw they zoomed in her a couple times. Oh, joy. I'm glad that's back. So something interesting.
Travis Kelsey was named as a victim in a Ponzi scheme run by Siddharth Jahawar, who was sentenced to 11 years in federal prison. Prosecutors say Jawar's firm. This is what caught my attention. The name of his firm, Swiftark Capital llc.
Travis, if you're a listener, didn't you just get married to that young person? So Swiftark raised more than $35 million from investors and funneled nearly all of the money into a single investment that failed while misleading investors bought returns. Yeah, that's what a Ponzi scheme does. Overview of the Ponzi scheme involving Travis Kelce. Travis Kelce, the Kansas City chief's tight end. It's got a very tight end, probably tighter than. Taytay was identified as a victim in the significant Ponzi scheme orchestrated by Sid. I don't even know if I'm saying his name right. Siddharth Jawar. The scheme has drawn considerable attention due to its scale and the high profile nature of its victims. The only thing I would tell you. Let's see. Is anything else? Funds were. The funds were funneled into a single stage stock. Philip Morris Pakistan.
Is that the tobacco?
So let's see here.
[00:48:12] Speaker C: Can we use this as an opportunity to say that just because people are rich doesn't mean they're good with money?
[00:48:17] Speaker B: Yes. Yes. You know, before his passing, what was the race car driver's name we were talking about?
[00:48:23] Speaker C: Kyle Busch.
[00:48:24] Speaker B: Kyle Busch. Maybe you know, some famous names get caught up in things.
I don't. I. One thing I want to tell you. If something seems too good to be true, maybe it is. If Travis Kelsey had called Rochford and associates, this wouldn't have happened. We. Full disclosure. We. We verify. We have ways.
[00:48:44] Speaker C: Use this as a time to say I. If I'm Travis Kelsey's financial advisor and he tells me he wants to put money into something that probably is going to be a ponzi scheme.
If he's set up for income, for life and he has safeguarded, if he's built his foundation, then I don't care what else he does.
Throw money just out the window, out of an airplane, Put it all on black, you know, in a casino. I don't care. Build your foundation and then you can test the waters with everything else. And if it works, awesome. If it doesn't, you're fine.
That's the key. I love the foundation. Then it doesn't matter. You can take those risks. You can take those gambles well.
[00:49:26] Speaker B: And we do realize that most NFL players do end up well with concussion. They end up broke within so many years after leaving their profession. And they make some pretty good money. I. My whole thing. I liked the swift arc. That was ironic. But my whole thing was, I don't care who you are, you're not above somebody doing something to you that they shouldn't be. So be careful with your money. Next to your health, it's probably the second most important thing on this planet. So let's talk for a minute. You know, when I look at what worries me, what could potentially affect me, and yes, AI data centers, flock cameras, robotics surveillance states, social credit scores, central bank, digital currency. There are a lot of things, but I'm watching. I'm very, very keyed in right now to the oil.
There's. The term energy lockdowns has come out enough times for me to really key into this. Let me read one of these things. Could we see energy lockdowns as the direct consequence of the ongoing oil crisis now beginning to ripple across the globe? Let's. Winter hasn't even arrived yet. Could governments eventually move beyond voluntary conservation and begin imposing restrictions on fuel consumption, travel, heating or electricity usage in an effort to preserve supplies. Holy crap. That's scary. We've seen emergency measures introduced during past energy crisis. The question is whether today's conditions could eventually push nations towards something far more restrictive. I don't know.
Here's from a person on Facebook.
Facebook, I still, I know everybody thinks it's a dumpster start, but it's important. Another major source of U.S. gasoline and diesel has unexpectedly gone offline. Joliet Oil refinery in Illinois has suffered a total power outage with heavy black smoke from its. Yeah, yeah. So Illinois, let's see here. Unconfirmed reports of truckers around the country talking about truck stop type strike planned for October 1st. Watch that closely. The reason why diesel fuel is going to go past $6 a gallon, well over $10 per gallon in specific states. When trucks aren't moving, no one is getting supplies at stores, gas stations, nowhere. So watch this stuff. We'll keep an eye on it. You know, I always like to tell people if you don't want to watch the news, take one hour a week and listen to another money show because we are going to find everything. You should brace yourself for whether you know and if it doesn't happen, hopefully you enjoy these hours and it's interesting and you think I'm crazy and that's fine. But I don't want you blindsided. I want you prepared, not scared, proactive, not reactive. So and if you, if you again, if you want to talk financial, come sit with us. We're actually not doing all this stuff in the office. Well, I will, but Anthony will help you.
I think we're near on time. I didn't get too many of my articles, but I don't think they're that important.
[00:52:23] Speaker C: Oh, it's good to know. Anyways, that's, that's all we got for this week. If you like what you heard, you have any questions, reach out to us
[email protected] find us on the web. Anothermoneyshow.com give us a call. 623-523-0444. That number again is 623 52-30444. And Macy's back so you'll get to chat with her.
Anyways, that's all for this show. We appreciate you listening. We'll see you again next Saturday at 5am and noon right here on 9 60, the Patriot.
[00:53:01] 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,
[00:53:12] Speaker A: visit anothermoneyshow.com Investment advisory services offer through Brookstone Capital Management, LLC, BCM. A registered investment advisor, BCM and Rochford
[00:53:21] Speaker B: Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold
[00:53:26] Speaker A: through individually licensed and appointed agents.
[00:53:28] Speaker B: Investments involve risk and, unless otherwise stated, are not guaranteed.
[00:53:31] Speaker A: Past performance cannot be used as an indicator to determine future results.
Fixed annuities, including multi year guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, fees and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims paying ability of the issuer There's a moment in retirement that nobody really talks about. The moment when something goes wrong and you realize the money coming in every month is no longer coming from from a paycheck. I'm Jim Tarabokia for the Retirement Radio Network, powered by Amerilife. Picture a Tuesday morning in retirement. The coffee is brewing. The phone is sitting on the kitchen table. Your spouse is playing the sounds of top hits from three or four decades ago echoing off the walls. And there's nowhere you have to be. No commute, no boss waiting for you to respond to an email. The morning belongs to you. And then you hear a drip. You look up and there's water coming through the ceiling. The roof needs repairs. Nothing catastrophic, but repairs add up. And it can mean taking money from an investment account you hadn't planned on touching and can leave you wondering whether the next unexpected bill is right around the corner. Financial Advisor And Retirement Radio Network's Matt McClure explains how retirement planning isn't always about predicting every expense that will come your way, right? I mean, you're never going to anticipate every expense that retirement may bring. But a strong plan is going to give you reliable Inc.
Reserves that you can access and flexibility to make adjustments when life inevitably changes. This is one of the realities of retirement that doesn't always seem to make it into the dream. You spend years planning for the predictable of when will I retire? How much money will I receive from Social Security? How much will I need each month? Answering these questions with precision only to be sideswiped by one of life's unexpected occurrences.
And that's where having a well organized emergency fund proves its worth. During your working years, that money might protect you if the paycheck suddenly disappears. But in retirement, the paycheck has already disappeared. So maybe the better question isn't how big should my emergency fund be. Maybe it's how prepared am I for the unexpected? Because life doesn't happen in a vacuum. And neither does your retirement. The goal of retirement isn't simply to have enough money for the life you planned. It's to have enough capital behind the resilience for the life you didn't. For the retirement. Radio network powered by Amerilife. I'm Jim Tarabokia.
