Is Your Portfolio Ready For the Next Market Shock?

[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 JR Rochford. [00:00:42] Speaker C: Here we are, your hosts, Anthony Correo 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 Sun City to bring you information you may not hear on those other financial shows where the last thing you need is another money show. But we appreciate you being here. How do you want to start off? Jeff? [00:01:06] Speaker D: Well, you know, I usually start out with shout outs and I've got, I've only got a couple today I want to give a quick shout out. We've got a client slash friend, loyal listeners, husband and wife on the East Valley. I won't say their names. They've been listening since the beginning and we had a, we had an appointment with them last week and one of them has had some health problems. So I just, I, if you're listening, you know who you are, we're thinking about you, we're praying for you and we just hope everything works out okay. So the other shout out, another loyal listener, this one I will name. His name is Art and he's in the East Valley. I think Art likes me to say his name, so at least he said I, you know, feel free. Art sent me several articles this week to look up and make sure I cover. I will do my best. I had already prepared mostly for the show, but what he sent me was real good. So I'll try to get to it. If you're new with us, we explain to people that we're a little bit different. We are not an hour long infomercial. We are a show on current events and how they are likely to affect your finances, your future, your kids, your grandkids. Our motto is we want you prepared, not scared. We want you proactive, not reactive. So in the day and age, in the world of Schwabs and Edward Jones and Merrill lynch, if they still exist and all these things, we're a different animal We're a fully independent, veteran owned fiduciary, fourth generation family practice. So we are, we are totally different. We don't have the pressures and the quotas of the big dogs. When you come in for an appointment, you actually get me or Anthony or me and Anthony. You get to meet Macy or Sandy if you let us know that it's okay. You get to meet the office dog buddy. So. And one of the things, you know, the last couple of weeks I've been, you know, my urgency's ramped up on making sure you watch your 401k. You know, if you have an old 401k, let's talk about what to do about it. You know, things are very sketchy in the world and we want to help you. The whole thing about being proactive and not reactive, you have to be ahead of the curve and we think that sooner or later this curve is going to change. I actually, I think, you know, it just gets closer and closer. But in our thing, we help people protect and grow the their assets in that order. There's a lot of people, I listen to a bunch of radio shows, I read a lot. I see what other people are doing in my industry and it seems to me to be very focused and targeted on growth. They don't talk as much about protection. And we want to make sure, you know, we're in a really, really good sweet spot right now where our safe, guaranteed products, the growth potential is huge. Best we've seen in about 15 plus years. So it is a really good time for us to shine. So, and we pride ourselves, I mean our focus is on planning over products. You know, we meet people all the time. You know, they, they don't really have a plan, they just, they've bought products over the years. And our, our other thing, we believe in education over sales. You know, we're like everybody else, we are financial advisors. We do have to get new clients, but we want to make sure it's a good fit. We want to make sure you understand what you have. I know next to your health, your money is the second most important thing. So let us help you with it. Moving on. We, you know, we usually dip our toe in the water on what's going on around us. When I talk about current events, you know, this, this has been quite a week for current events. I mean, you know, I, I don't know if you're watching but you know, today, by the way, as we record, we're, we bumped up a day. We're actually recording on the thirtieth of July, so this will be a few days early. So some of this may be old news by the time you hear this, but there was a huge, there was an earthquake last night outside of Russia, like a 8.8 on the Richter scale. And then I started hearing about tsunamis that the west coast of our country and Hawaii and Alaska could be affected. Then this morning I'm hearing about volcanoes that are going on because of the hurricane and the tsunamis. So I don't know, I mean, maybe, maybe we need to focus less on financial matters and more on the afterlife. And, you know, I mean, this seems biblical level of weirdness. The other, another big story for you, I guess Coldplay is now gone. And you know, Sam pointed out before we started recording, the news changes so fast, if he's looking something up, he won't say anything about it two weeks later. And that is, that is definitely true. You know, the new one, as of literally just yesterday, I read one article on a new spokesperson for American Eagle. Her name is Sydney Sweeney. If this thing grows leg, at least this one is, I don't know, I mean, do yourself a favor, look up Sydney Sweeney. But it's so funny how people are, they get all worked out about the littlest, dumbest things. But anyway, so our news is changing fast. One, I guess the, the biggest thing for this week is it's kind of negative. Are you looking at, are you looking at what's going on with, with safety and the world around you as far as violence and stuff? I mean, the world's weird. It's getting weirder. It's sketchy. There's, there's rioting in Mexico City. We brought it out a few weeks ago. There's unrest in France and Spain and all over the place. So look at this country though. I mean, I just, this week, some of the stuff I read there was a Walmart in Traverse city, Michigan where 11 people were stabbed. Michigan, isn't that like Midwest like you picture? I don't know, like cool people that say hi to each other. So Michigan, 11 people stabbed. Obviously they're this guy, Bradford Gilly or guy or whatever his name is, 42 year old. He had, he had a problem with mental illness. No kidding. You know, most of us don't go around stabbing people at a Walmart. Apparently the knife the stabber used was a three and a half inch blade. So all you people that want to ban rifles and that sort of thing, just kind of keep in mind that somebody can also take you out with a three and A half inch knife. So there was a shooting in Reno, Nevada. This was on. That stabbing was on, I guess it was Saturday the 26th. Then on Monday the 28th, there was a shooting in Reno, Nevada at the Grand Sierra Resort and Casino. Three people killed, others injured. There was. What made a little more on the news was the shooting in New York City, headquarters of Blackstone and the NFL. So, oh my gosh, the NFL. I wonder if it was a Cardinals fan. That doesn't excuse it, but it definitely makes it make more sense. So the shooting, I shouldn't make light of this at all. So the guy there was Shane Tamura of Las Vegas, 27 years old, with a history of guess what? Mental illness. So there, there was four people killed and he killed himself. Which is good because taxpayers don't need to be funding this guy's meals. Cincinnati, did you hear about Cincinnati? That one's growing legs. You know, Sam, I know you don't watch social media as much as I do, but this thing was Cincinnati. There was, there was quite a beating over the weekend downtown after a jazz festival. And it's shocking if you haven't seen the video, I will warn you, I mean, it'll make your stomach turn. But this thing, they said there was like a hundred plus people around. One dialed 911 while others watched and yelled and videotaped. So where this thing's growing legs, it was black people beating up three white people, prominently, one man and one woman that got punched in the face. The woman got punched in the face by a man, fell down and smashed her head. There was blood coming out of her mouth. Absolutely disgusting. So, and I, and I know that this thing is making its way on social media, just throwing this out there for you. If it was reversed, if it was white people ganging up on black people, this would be all over the place. The only reason I bring that up, the only bring I bring up the race issue, is because, you know, if you've listened to us since the beginning, how I, I'm not sure Anthony's on board 100%. I think what ends up killing this country, we are heading towards a civil war. And it's going to be black versus white, red versus blue, gay versus straight, haves or the have nots. You know, the media is pinning us against each other, pushing us towards each other. So I don't know, it's crazy. I mean, if this was reversed, you would have, Jesse Jackson would be there all over your tv. There was another one. I'll move on from that. If you haven't seen the video. Maybe don't, because it's absolutely disgusting. Oh, and, and by the way, the police chief, what a piece of work this, this woman is. And she's talking about. It's, it's not, it's the fault of people with a camera. It's basically she's saying it's because social media, it's saying it doesn't show the whole story on what happened. You know what I'm saying to you, Police Chief, I don't give a crap what happened leading up to it. If you have people beating up people on the street, it's attempted murder. I mean, clearly from the video, they tried to kill these people. And, and you know what? Police your city. So. And while this started growing legs, there was another one I found. There were black Football players from D. W. Daniel High School that beat up a white player. Wait till you hear this. At a Christian athletes summer football camp. So it's in South Carolina, Clinton, South Carolina. And apparently this thing happened on July 7th and they were trying to kind of keep this hush hush, but somehow it got leaked and now it's on the news. I guess the reason I bring all this up because what does this have to do with your finances? I guess apparently right now, not much. Unless you want to tie this into defund the police and, and all of the social aspects. My thinking is the country's going the wrong way. I mean, when, when you get, you know, when this stuff becomes where it's not really that big of a deal, people just turn away from it. That's a problem. I just, I don't want this country to end up like Venezuela. But this kind of stuff, I've watched the last week that it's really scary. And you know what? Are you safe anywhere? I've said that a lot lately. Are you safe anywhere? You know, I mean, Anthony, you had an experience in the last week or so you were fine, you were unscathed, and so was Buddy, the office dog. But there are bullet holes in your back wall. And that scares me because it's not like you live in the inner city. You're in the suburbs of Phoenix. I mean, your neighborhood, there's, there's, you know, you're in a middle class neighborhood. There's a very affluent neighborhood right next to you, you know, million dollar plus houses and, and your wall got shot up. That, that means to me, you know, there, there's re. It's just you're either in the right place or not. So I, I guess I'll Move on. I didn't mean to harp on that that long. It just, it was shocking to me, you know, I mean, last month we had the Idaho shooting of firefighters. It just seems like people are getting sketchier and sketchier and I think part of that might tie to finances in that the inflation is wearing people down. You know, there's, there's a lot of viral videos on people saying they just, they, they can't tip like they used to. They can't tip. You know, I saw some on Starbucks. Well, shoot. I mean, Starbucks is so expensive to begin with. How can you afford at a tip? But things are changing and I don't really know if it's for the better. Why don't we do this? I did promise last week that we would start the show where we ended last week. And I, I do want to be true to my word and talk about a little bit. [00:12:35] Speaker C: We had 12 minutes to get here. [00:12:38] Speaker D: Well, that's pretty good for me. You say I ramble. [00:12:41] Speaker C: I was expecting, you know, it's going to go into the second half. [00:12:45] Speaker D: No, today's hump day, Sam just pointed out. So I still have half the week to keep talking. Of course you won't get to hear this because I'll get cut off after our. So we start last week by talking about the sixth largest bank. I can't stand that I'm saying the name because I'm not a fan of this bank. PNC is going to start. They're going to launch a bitcoin and crypto wallet with Coinbase. So this, this, if it doesn't scare you, I'm not sure what to tell you because these cryptocurrencies, these, these air, this stuff that you can't really hold, the stuff that you can't at least as of now use at Walmart to buy things. It's becoming very mainstream. When I started digging into this, I found several articles as I'm sure you would expect. One was from the Daily Hodl. I'm not going to go into this article because if I read the title it'd be self explanatory. Trump Media Stock rallies as company reveals $2 billion bitcoin stash. Let me. You know, we're starting to mix cryptocurrencies with politics pretty heavily. I think everybody can agree to that. If Trump has 2 billion in cryptocurrencies, I mean, should he divest his company of that? It would make him swayed. His son said bitcoin was going to be worth a million dollars in the future. So maybe he was onto something. I'm just a little bit worried that the politicians are too heavily involved. Let's get into some more and why I say this. Here's an article from the Street.com On 18 June 2025, in a significant feat for the cryptocurrency industry, the US Senate passed the Genius act on June 17 with a 68 to 30 vote, marking the first major digital asset regulation to pass the upper chamber of Congress. All right, hear me out for a second and then I'll get to a little more of this. So we came on the air three and a half years ago. By the way, we've never missed an episode. Christmas, New Year's, doesn't matter. We are here every week. So we talked to you about 14067, the executive order under Biden that paves the way for a digital currency. We talked heavily, what was it two summers ago now about FedNow, the infrastructure, the railroad tracks on which the central bank digital currency can roll on this Genius Act. This is like the end game. This means we are going to get rid of the dollar soon. Let me go into this a little bit. This Genius act. Let's see here. A stable coin is a type of cryptocurrency that maintains a stable value equivalent to a fixed amount of money. Its value is usually tied to a more stable asset such as the US dollar or gold. You might attach cryptocurrencies whether they're bitcoin or the stablecoin and I do have thoughts on that too by the way. Bitcoin is not a stable coin. Stable coin means it's backed by a hard asset. So if you're going to be attached to a stable asset, you really can say it's the US dollar or the short term treasuries in a country that's 37 trillion in debt and the rest of the world wants to de dollarize herself. So no, you can't. Gold. Okay. Oil, you know, pick a hard asset. But yeah, it can't. Well, and let me keep going. So Sam, unfortunately I have some bad news. It's breaking news, but it's not good news. We have officially changed the name of another money show. So if you're looking for us in the future, it's going to be another crypto show. So we, we won't be gone, but we're gonna be another crypto show. We always said we wouldn't go too heavy into the bitcoin talk and the crypto talk because we think there's some parallels with Tulips, Beanie Babies, pet rocks. It's air. It only has value because we have assigned value to it and we don't think that that's very legitimate. So let's add, people say that, well. [00:16:53] Speaker C: Isn'T the dollar the same? And to that my response is yeah, but the, the government forces you to pay taxes and has created this dollar to pay for them. Right? It's legal tender. So you have to use US dollars like that's how that works. Again, cryptocurrency is not a currency if it's not used. It's about US Dollars to buy this as an investment, but it's not a, not a currency. [00:17:25] Speaker D: One of the articles that Art from the east side sent to me addresses this. I'll just read the title for now. If I get to it later. Excellent. Defending dollar supremacy. Maybe next phase of US China trade war. And the articles about how China is beefing up their cryptocurrency holdings, they're doing across border trades with the yuan, AKA the renimbi instead of the dollar. So this, this is, this is crazy. And Anthony, when I say it's about to be, what I think is going on here is they know we're at the end of our lifespan in the world reserve currency, the dollar has lost what, 90% of its value over the years, over the decades. So it's game over. So what our government, in their infinite wisdom thinks they can do is they can get this stablecoin system up and running. They can, they can parallel with the dollar. And then as soon as they're ready, they're going to turn off the dollar switch and turn on the crypto switch. That's how I think this ends. So, and by the way, we, we, we need less government intervention. We talked last week about $6.8 million mail trucks, for Pete's sake. You, you know, the government bobbles everything they do. And really we're going to be excited about them, you know, doing a new update with our finances, our money. And don't even get me down the World Economic Forum road. Klaus Schwab, all these people, you know, social credit scores, they can turn off your, your central bank digital currency if they don't agree with your politics or your social media posts. I don't know, it's scary as I'll get out. One thing I did because I'm smart enough now to do this is I went on to White House the, to look up what they said on the genius act. And by the way, if you're looking it up, I I don't know if this is a rumor from 30 years ago. Do not look up WhiteHouse.com. i guess it's an adult site. I don't know if it still is. I'm sure by now it's not. Sam's laughing back there. So make sure you go to whitehouse.gov and I note to self after show look up way so this I looked up their fact sheet. This is from the government. So the Genius act making America the leader in digital assets today. This is by the way, this is dated July 18, 2025. Today President Donald J. Trump signed the Genius act into law. A historic piece of legislation that will pave the way for the United States to lead the global democracy digital currency revolution. May I read that last line again? Pave the way for the United States to lead the global. This part. Focus on this part, kids. Digital currency revolution. We started this show to tell you the direction of the country. Here it is. This is the end game. We're financial advisors so this is in our wheelhouse to watch how things are changing. We with our finances. So that's their goal. They want to lead the world. China has other plans. China has totally different other plans. So does the BRICS nations which is a whole bunch of them versus us. But anyway, let me continue protecting consumers in the digital market. Trump supports the Genius act because it protects consumers from nefarious actors in financial markets. This long overdue legislation is creates the first ever federal regulatory system for stablecoins ensuring their stability and trust through strong reserve requirements. How did you do the reserve requirements on the fiat currency or the US dollar? You didn't. But now you have a redo, you're going to push the reset button and now you're going to with this one. Okay, I believe you. So and by the way, if you want to know what the Genius act stands for, Genius is the guiding and establishing national innovation for us stablecoins Act. So got a quaint. Sam said his bitcoin is backed by Beanie Babies, which is a really good idea because his Beanie babies are backed by tulips. So the whole thing, there's a lot of back in there. So it's very concrete, very solid. So this Genius act, let me go a little further. The Genius act requires 100% reserve backing with liquid assets like US dollars or short term treasuries and requires issuers to make monthly public disclosures. Okay, so that sounds good. It sounds like the dollar's going away. Sounds like I'm on the right track when I Don't know yet. Months? Years? I don't know. But it's coming very quickly, so that's good. They're going to have a Strong Reserve. We're 37 trillion in debt. We're not broke. Broke is when you don't have anything. We're in the hole by 37 trillion, so give me a break. You're backing it by short term treasuries. I don't want to hear it. Unless it says the word gold. Which first. You better get your butt over to Fort Knox. Bring Geraldo Rivera with you and open that door as soon as you can so it says we're going to have 100%. I like the disclosures, as long as they're honest. I love the idea of transparency. The next line. The very next line. Stablecoin issuers must comply with strict marketing rules to protect consumers from deceptive practices. Crucially, they are forbidden from making misleading claims that their stablecoins are backed by the US Government, federally insured, or legal tender. If you go on to the whitehouse.gov site and you read this, you're going to feel dumber like I do. Those two things contradict each other. It's saying it has to be guaranteed by the government. Then it's saying it's forbidden from saying they're backed by the government. You can't make this up. Our government is done. We're just waiting to get on to Venezuelan type action. The only thing I'll read here from this and then I got a couple of commentary pieces on this. Delivering on promise to make America the crypto capital of the world. President Trump is fulfilling his campaign promise to position America as the global leader in cryptocurrency. Okay. President Trump promised to make the United States the crypto capital of the world, emphasizing the need to embrace digital assets to drive economic growth and technological leadership. Oh, good. I like the idea. You know, what if Trump's gone in three and a half years and we get another president that doesn't agree with this? I mean, if we're going to see saw away from this, this is going to be great. In his first week in office, President Trump signed an executive order to promote United States leadership in digital assets. In March, President Trump signed an executive order to establish a strategic bitcoin and US Digital asset stockpile, positioning the US As a leader among nations in government digital asset strategy. So stablecoins and bitcoins are two different things. So which is it? Is it both? I think when they get all this system in place and we're used to it. They're going to introduce the governments, you know, the Amero or some coin that's going to be a hybrid of stable coins and the Bitcoin something I think they're going to turn off the system. You know, you know how bitcoin started, right? You two know this, I'm sure. So people had fears that were at the end of our lifespan in the world reserve currency. They had fears that, you know, the inflation was eroding the purchasing power of their dollar. So bitcoin was going to be an alternate universe to spend your money with. It didn't work out that way. You still can't take a coin to Firebirds on 83rd and Bell. We're looking for sponsored firebirds. So the government's hands were not supposed to be in it. What happened? They started seizing money. They started seizing wallets from people they said were doing nefarious things like laundering money or funding terrorism. With that said, I think we should take a break because I want to finish this. I want to do a couple commentary on this. So come back in a few minutes. Now don't leave. Just listen to our sponsors. So thank you so much as always for being with us. We greatly appreciate it. We always tell you we're small fish in a big pond, so we need and value your help. You can reach out to us at 623-523-0444 or email us at teamnothermoneyshow.com and check out YouTube. Things are rolling over there at YouTube. We've got over 325,000 views on our shorts. So if you want to check out our shorts, we would be honored. We'll be right back. [00:26:03] Speaker B: This is another money show. Except this one's different. This one's actually fun. [00:26:25] Speaker A: Registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to make full disclosures of any conflicts of interest, if any exist. Refer to our firm brochure the ADV2A page 4 for additional information. Any comments regarding safe and secure products and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered by pwa. [00:27:00] Speaker D: I think we can all agree losing money sucks. No one likes to lose money. But outside of the big one month downturn in 2020, the biggest black swan event in modern times. Has anyone really felt the pain of a stock market loss? Has everyone forgotten how painful 2008 was? What about the dot com bubble? Are we really so blinded by normalcy bias that we can't see it happening again? Hi, I'm J.R. rochford, host of another money show with almost three decades of experience. What if I told you there's a way to make sure market downturns don't throw off your retirement? Assets come and go, but income is forever. Protect your retirement by self funding a pension. You'll never outlaw live if you weren't lucky enough to have a job with a pension, we can help you create your own. Reach out to us at 623-523-0444 or find us on the web at anothermoneyshow.com. [00:27:59] Speaker A: Remember, all of Junior and Anthony's listeners receive a free financial consultation just for listening to the show. Visit anothermoneyshow.com to learn more and schedule an appointment. Thanks for listening to Another Money show and subscribing wherever you listen to podcasts. [00:28:14] Speaker D: Welcome back to Another Money Show. Thank you so much for being with us. We greatly appreciate it. So we're going to kind of try to ease out of this crypto conversation. I'll end with a couple things that I have heard and read. I've had several different people send me stuff. One of the problems, you know, before the break when I brought up the fact that crypto was supposed to be an alternate to our fiat currency system and you know, right away the government got involved, they started seizing money. You know, now the government, Trump said he's got 2 billion. The government is saying that they're going to be in charge of it. Don't forget, this is at the same time that the government is going to take total control over AI a landscape that none of us understand, none of us can wrap our mind around how it's going to play out. And the government's saying it's not going to be a state choice. There's going to be no individual rights. It's going to be a federally overseen landscape. How do you, how do you oversee AI en masse? I mean, how do you take over AI? So they're going to take over AI. They're going to take over our, you know, the handling of our new central bank digital currency, which is obviously going to be some kind of stablecoin or coins. So, and I can't even imagine. So we, you know, I'm, I'm a small government fan, so I cannot even imagine how this is all going to play out. None of it's good. And, you know, I know what people are going to say. There's nothing I can do about it. What can I do about it? You can do certain things. You can better your situation. One person, one couple, one family at a time, to the best of your abilities. You can pay down debt. You can buy hard assets. You know, you can look at ways to get under the radar before it happens. We can help you. And I'm talking hard assets, even as. As ground floor as. Should you have food and water, should you have alcohol and tobacco, even if you don't smoke. But if we get into a barter situation, at least temporarily, you might be rewarded for having a small portion. And we're mindful of moderation and diversification. So moving on, to finish this up, there's a couple things. One of the articles that Art sent me is from the Epoch Epic. I don't know how you pronounce it. I always said it was epoch, looking at how it's spelled, but people are calling it Epoch Times. This is from July 23rd. North Korea leads crypto hacking this year. So global cryptocurrency crime is. You know, I'm not even going to read this. That tells you all you need to know. North Korea is leading in the hacking. North Korea has satellites over our country, so I'm always fearful that we could have an EMP one day or a solar flare, and that would knock out all of our cryptos. But that's just me being a tinfoil hat dude. But the whole thing with this cryptocurrency hacking, North Korea, maybe that is how they're gonna be relevant. Can they get into our new currency? That's my fear. So look at St. Paul. What is it? Minnesota, right now? Did you hear about anything about this? St. Paul, Minnesota. They had a massive cyber attack. They've called up the National Guard. They've got all the state websites are locked down. Like you. You can go to a public library, but there's no WI FI in it. So that's going to tell you what you have to face when you don't have a physical $20 bill to show somebody at a yard sale. [00:31:40] Speaker C: Was it from their senator? Is that the burglary is now? [00:31:46] Speaker D: Oh, yeah. Mitzvah or whatever her name was. Maybe it could be. Maybe it's to keep the. [00:31:52] Speaker C: She's a cyber hacker and not just breaking into stepmom's home. [00:31:55] Speaker D: Well, you know, burglary with a. With a crowbar was a gateway drug it was a baby step. Now she's hacking and she's working with the North Koreans, allegedly. I gotta be careful. I don't want her to sue us. I don't want North Korea to sue us either. So, yeah. Oh, and another one of the other articles that Art led me towards was also from the Epoch Times, Also on the 23rd US power grid vulnerability, an attractive target for Beijing, experts say. Says here a study found more than 500 academic papers by Chinese authors on the topic, including 367 papers concerning the US electrical grid. Do you see where I'm going with this? You know, how does this tie up with cryptocurrencies? They can shut it off. They can shut off your bitcoin. The government can shut off your bitcoin because they don't like your politics. China can shut off your bitcoin because. Because they don't like your country. And then North Korea can shut off your bitcoin because screw you. That's why. So it's crazy. I do want to. Before moving on, I do want to read something here. A friend of mine, I don't know if she's the listener or not, but a friend of mine sent me an email this week and I want to read part of it because she attached in the email a a post from Telegram from Laura Aboli, A B O L I. I don't know the date. She didn't put in the name the date, but Laura Oboli. Oboli from Telegram. Trump. And this is an interesting take on all this that I hadn't thought of. Trump is chipping away at the Fed's monopoly without saying a word. The Senate just passed the Genius act, the first ever federal law regulating stablecoins, and it's heading to the House with President Trump aiming to sign it before the August recess. On the surface, it's all about transparency, consumer protections and crypto safety. But underneath this bill could be a Trojan horse aimed straight at the heart of the Federal Reserve System. Oh, man. Bring this on. Because this new law does something subtle but revolutionary. It allows banks and private issuers to release stablecoins backed one to one by US Dollars or Treasuries. Welcome to unnamed bank and others. It forces transparency, monthly disclosures and annual audits. Unlike the Fed, which creates money out of nothing and hides behind closed doors, it places stablecoins outside of the jurisdiction of the securities Exchange Commission. But under banking law, meaning it does, it isn't just crypto anymore. This is money. Think about it. If people start transacting with provably backed digital dollars. If stablecoin issuers become more trustworthy than the central bank, if we suddenly have a monetary system that doesn't require the Fed to operate, then exactly what is the Fed for? This might be a good time to tell you the Fed's meeting this week. So Jerome, are you going to lower rates, are you going to raise rates, are you going to leave rates steady? I'm pretty sure you're going to leave rates steady whether it's political with Donald or not. Last thing on this, this could. And you know, one more thing about the Federal Reserve. You know, they shouldn't really call it the Federal Reserve, they should call it the Bankers Reserve because it's not federal, it's private banks. It's a consortium of bankers and they have no reserves, by the way. They just print money. This could quietly undermine the entire monopoly and even make a Fed issued CBDC obsolete before it begins. Trump isn't attacking the Fed with headlines, he's outflanking it strategically, legally and financially. And paired with what just happened in Russia where gold backed trade is bypassing the city of London altogether, the message is clear. The old financial order is cracking, Gold is rising, fiat is faltering. And if we are lucky, the end of the Fed begins here. That is an interesting take and I hope that we do have a new system. I just think there's going to be a heck of a lot of growing pains. I'll be curious to see how it plays out. So we shall doubt that's what the. [00:36:35] Speaker C: I doubt that there's some mastermind plan like that going on. [00:36:39] Speaker D: But why do you say that? You don't think everybody that's ever been in government office has been a genius? [00:36:45] Speaker C: Yeah, I don't think anybody's clever enough to. Well, I guess that's not true. I'm sure somebody's out there clever enough too. I just, I don't see that happening the way that article Elon Musk, he's. [00:36:56] Speaker D: Going to put the first bank on Mars. Hopefully it's a B of A and Chase branch of Moon money then. [00:37:03] Speaker C: Yeah, but there's no electricity on Mars. [00:37:05] Speaker D: Well, there will be when he gets there and he's going to bring generators maybe. So let's move on. Crypto, Crypto, Crypto, you know. Welcome to another crypto show. Moving on. Anthony sent me something that I absolutely love and this, it's from Newsweek. I guess that's a reputable source. This is from Newsweek on the 24th of July. You can now Venmo the government to help pay off the national debt. This is so cool. The treasury has been begun accepting Venmo. Is our government a joke or is. I probably shouldn't say that allegedly that the treasury has become has begun. I can't even get through this Accepting Venmo transaction as contributions towards the national debt. The United States national Debt has surpassed 34 trillion in 2024. Hey kids, it's at Newsweek. It's at 37 trillion now raising ongoing questions about deficit spending and fiscal policy. You do pick up on the fact that everything we've been talking about today, everything we've been talking about lately is getting away from the dollar. Venmo's digital. It's air. It doesn't exist. Neither does PayPal. These things are lines and dots and zeros. Anyway, this adaptation signals a shift towards digital first government services believe that's what I'm saying. And highlights efforts to engage younger, tech savvy Americans in public finance. A group that the second Trump administration is keen to appeal to to contribute. I'm going to throw this out there. Jot this down. If you got a bunch of extra money and you love your government, it's going to go from you to them to Ukraine probably. But just in case, to contribute, individuals can visit pay.gov portal and select their payment method. Oh, one last thing. The Treasury's monthly reports indicate that gifts remain modest in scale. In fiscal year 2022, Americans contributed a total of $180,310.32. Who in the hell donated 32 cents? Donate 10 bucks. Even kids don't donate $10.86. Who are you, by the way? If you're listening and you donated through credit card check, Venmo, whatever, let us know who you are. We, we want to make, we want to make sure we see you. So I, I think what I'm going to do is when we get off the show today, I'm going to go on Venmo and figure out how to use it. And then I'm going to plug in Anthony's cell phone number. I'm going to Venmo $10.86 from Anthony's account. Moving on. Anthony, anything to say about that? I love that you sent me that. [00:39:57] Speaker C: Obnoxious. [00:39:59] Speaker D: Obnoxious, yeah. [00:40:00] Speaker C: So again, they're not going to fix anything. So it'd be one thing if they had a plan like, oh, you know, here's how we're fixing our spending. We're not doing this anymore and we'll be able to do stuff again when we get rid of our debt. And then they put a plan together to get rid of the debt and like, hey, you can help along. But this is, it's throwing away money. [00:40:21] Speaker D: And I love. Do they have a special little bank account like a Christmas savings club with this hundred grand in it? I can't imagine. So let's move on to this. Let's go to. Why don't we go to Forbes? Let's go to Forbes. On 28 July, new bill proposes $600 tariff rebate checks. Legis. Here we go again. Did we learn anything from the stimmy checks after Covid, did inflation rise? I think so. So, new bill proposes $600 tariff. Okay. Legislation introduced Monday by Senator Josh Hawley in Missouri. Missouri or Missouri would provide tariff rebate checks of at least $600 to American families after President Donald Trump signaled his administration would consider sending checks based on billions his tariffs have collected through the payment program. Although the payment program would likely lead to increased inflation. Do you think with. Why on earth am I reading this? We have 37 trillion in debt. If you're listening, Don, stop spending. The Republicans always talk about less spending, fiscal responsibility, smaller government. Stop. No matter who you are, stop. Okay, key, key points to this. Holly's bill proposes establishing a refundable tax credit. Okay, so here we already blew it. So I'm not going to get a check. I'm going to get a tax credit for Americans using tariff revenue which would send at least $600 to each eligible adult and dependent child this year, pending on approval from Congress. And Trump, Stop it. Don't do it. I know we're hurting. I know we're hurting. I know gas is expensive, food is expensive. Inflation has not gone away. It's lessened. That's all. It's done. But stop this. Don't make it worse again, kids. Trump last week said his administration was thinking about a little rebate from tariff revenue that would impact people of a certain income level. Oh, crap, here we go. Socialism light. Though he did not provide additional details. That's probably a smart idea. Oh, here's some common sense. House Speaker Mike Johnson argued the federal government should instead deal with the giant deficit that we're contending with. You, you think? Oh, my gosh. Oh, and they did reference what I'm worried about here. It's likely the tariff rebate checks amounting to the payouts to millions of US citizens would lead to higher inflation. COVID19 stimulus checks approved by Trump, then Biden in 2020 and 2021 respectively injected about 814 billion into the economy, contributing to inflation or reaching a 41 year high of more than 9% by June of 2022. All right, so, oh, and here, this will give you confidence in this idea. Trump's wide reaching levies on US trade partners are projected to raise about 2.5 trillion over the next decade. 2.5 trillion over 10 years when we're saddled with 37 trillion in debt today. So I'm not impressed. But continuing on, which noted, tariffs will raise the. Here we go. Tariffs will raise the price of common goods and taxes for the average household by nearly thirteen hundred dollars in 2025 and about seventeen hundred in 2026. The rich are getting richer, the poor hover and the middle class is shrinking. And for some reason, nobody in the government seems to understand how, why, or what to do about it. So let me read some happy news though. This is totally, this is the worst segue I've ever done in three and a half years, but I like it. I found this from the Hodge twins breaking Democrats are planning a Shutdown America on August 9th, where they will not be working or shopping to show how important they are to the economy. This is the call. Not next year, not when it's convenient, and not when the system gives us permission. Saturday, August 9th, we. Oh, it's a Saturday. A lot of people are taking off work on Saturday. Are they? We boycott, we protest, we strike, and we shut it all down. Because I'm done watching one group protesting over here, another boycotting over here, another planning something for the next month. This is not a movement. That is scattered resistance. Oh boy. So we talked about the previous ones. You know, it wasn't the one on the 4th of July. If we want to make real impact, if we want the corporations and this treasonous administration to feel it, we need to unify, we need to align, and we need to hit them on the same day. So I'm calling it right now. August 9th is the day we boycott, we protest, we strike, we shut it down. If you are a business, this stands for justice. Close your doors. If you're a worker, take the day off or call in sick. If you can't protest in person, protest online, flood the feeds, share your on your social media because this is how we take back our voice. So tag every organization you know, send it to your local protest group, text your friends, share it in every damn space. You can boycott, protest and strike on the 9th of August. This is the moment to align. All right, I'm done reading this. I just, you know, August 9th. So that's the next day to watch closely because nothing will happen, but you need to be worried about it. I guess you're right, Anthony. You know, I worry about so much and yet nothing ever happens from anything. Tell you what, you know, I know I spoke kind of fast today, but go back and listen to this episode again every, I don't know, every three months as we change our whole future into a central bank, digital currency. So should we move on again? Let's move on again. You know, one of the things that, you know, we don't, we don't spend a lot of time in the show, you know, promoting us, promoting sales. But I do, I do want you to know we. If you're listening and we've piqued your interest on all this stuff with the world, that's not really what we do in the office. We do like normal financial planning. I know it's hard to believe. If you want to come in just to talk about how crazy the world is, you probably want to ask for just me. But if you actually, if you have an old 401k, if you have questions on how to do 529 college planning for your child or grandchild, if you want to know about how to handle an inherited IRA that has to be spent down over 10 years, that's what we do in the office. But one of the things that hit me because I got three in one day, there are dinner seminars. If you live in Sun City, which I do now for the past couple years, there are dinner seminars everywhere. This one, I won't say the name of the company because I don't know if this is slanderous. I mean, it's in my hand. I actually have this. So it's not like I'm making it up. I don't have to say allegedly, but this, this one that I got was interesting because it was a little more forceful. So you can eat at Bourbon and Bones. I've never heard of that, Anthony. You probably have because you're young and hip. Or you can eat at Flemings. I've heard of that because I'm old and square. So here's the topics of discussion. Learn about the stop loss strategy that your banker, broker and advisor has not educated you to potentially avoid heavy losses and capture gains during a market downturn. We talk about that all the time. That's another word for that strategy is the fixed index annuity. Learn how to avoid paying tax, paying commissions on mutual funds and investment accounts. Anthony can sit down with you and help you. That's called managed money. Learn how to lower fees to less than 1% annually on your brokerage and manage assets. Learn why CDs are not tax friendly and interest taxed even when you don't withdraw the interest. We can talk to you about a CD alternative called a multi year guaranteed annuity if you want to learn about that. Lastly, learn how to insure your retirement dollars from a bear market longevity, healthcare issues, inflation, et cetera. We do that pretty much every day in our office. I got to the fine print on this one particular invite and it, it kind of bothered me. It. It's the disclosure and I had to put on reading glasses and I don't normally wear reading glasses. One of the things that stuck out. If married, both husband and wife must attend. Where is that a said a. Is that a rule that senators have? You know what that reminds me of? The. The old days of high pressure timeshare sales. They always say you can't attend without your spouse or significant or other or whatever. A little bit further here. Due to the popularity of this workshop. Oh, it's a workshop, not a seminar. It's okay then. Reservations will be taken on a first call basis and you will receive a call back for qualifying and confirmation purposes. I bet qualifying means you have a certain amount of assets. Just guessing. Repeat attendees may be disinvited due to limited seating. No agents, brokers or advisors permitted. Interesting. So if, if my wife Sandy, who is an educator of young minds, a teacher if you will, if she wants to go and hear what they have to say, I can't go with her. But you just said the husband has to attend. So which is it? I don't know. I'm so. I'm so tired of a lot of what I see in my industry. You know, I really do think a lot of my industry is on the same level as timeshare salespeople. Used car salespeople. The blue suit, white shirt, red tie, highly polished shoes, don't care about you or your money. I mean, we see it. We see it all the time. So I don't know. There was an attorney years ago, I don't know if they still do it, but he had an ad campaign on TV that said I'm the anti lawyer lawyer. And I just love that because, you know, I mean, how many people really like lawyers? Unless you're talking about our next door neighbor Mike. He's a pretty cool lawyer, but most people, they don't trust or like lawyers. So I'll steal this Guy's thunder. We're the anti financial advisor advisors. Does that make sense? So we want to show you all this stuff they're talking about. But you don't have to come to a high pressure sales presentation. Just sit down and talk to us and we'll help you. [00:50:49] Speaker C: Are you just saying that because you want to cheap out on dinner? [00:50:52] Speaker D: Correct. I wonder who's paying for those dinners at Fleming's or whatever the heck Bourbon and Bones is. Who's paying for that? So, you know, we, my dad and I am embarrassed to say, in the late 90s and early 2000s, we did dinner seminars. We. And I'll be careful how much I say to you here, but we worked for a company called MetLife and they had a thing called the Performance Plus Annuity. It was a variable annuity. And that was the only thing in our seminar training that we talked about. And the machine, that was the seminar. You need to get 40 couples, you need to get 20 appointments, you need to get 10 closes. It was the most disgusting thing I had ever seen. And I told my dad, I don't want to be any part of it. So I bowed out of dinner seminars like 25 plus years ago. That was kind of a sideline, huh? Why don't we move on? I got a couple articles from a friend named Leon. I'm going to call him Leon. I don't know if that's his real name or not. I think he's a pretty loyal listener. One of them. You want to talk about, you know, problems with our government? I'll just get to the highlights of this because I'm sure Sam's going to soon tell us that we're getting close on time. Regarding Medicaid extenders Act of 2019. The bipartisan law requires states to verify people's Medicaid eligibility. In Ohio, the department of Medicaid check the assets of sample abd, which is the aged, aged, blind and disabled enrollees. However, it found that over 10,000 millionaires were improperly enrolled in the program. According to the Patient First Coalition, the same is true for around 8,000 people in South Carolina and over 20,000 in Arizona. That's the case even though Ohio and Arizona have Medicaid asset limits of $2,000. A Medicaid asset limit is the maximum value of assets an individual can own to qualify. Leon sent me another article that I'll bring up next week because it's a good one. And I think, Anthony, I have to turn it over to you to say goodbye, even though I have so much more to say. [00:53:01] Speaker C: Well, that's it for today's show. [00:53:04] Speaker D: That's. [00:53:05] Speaker C: That's it. That's all. That's all we got. Anyways, if you want to chat with us, reach out to us. 623-523-0444. That number again is 623-523-0444. Find us on the web anothermoney show.com check out us or check out our videos on YouTube. Remember, if you do want to sit with us, there is no cost for appointments. There's really nothing to lose by getting a second opinion. You know, I gave out a card this morning at the eye doctor and she's like, I bet you get a lot of people that say they probably need to meet with you but they don't have enough money for it. And I was like, exactly. We get people like that all the time. And I told her, you should come and sit with us even if you don't have money. Let's help you put a plan together that so you have it in the future. But again, no cost. Reach out to us. We'll see you next Saturday at noon right here on 9 60, the patriot. [00:53:57] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management LLC. BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through through individually licensed and appointed agents. Investments involve risk and unless otherwise stated are not guaranteed. Past performance cannot be used as an indicator to determine future results. Investment advisory services offered through Brookstone Capital Management llc, bcm, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investment involve risk and unless otherwise stated are not guaranteed. Past performance cannot be used as an indicator to determine future results. [00:54:56] Speaker C: Hi, I'm Anthony Crayo, co host of another money show airing on 960, the Patriot, 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 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 623-352-3404. That number again is 623-52304. Or find us on the web at anothermoneyshow.com and let us help you not worry about your retirement.