[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 Correo and JR Rochford.
[00:00:43] Speaker C: Here we are, your hosts, Anthony Corell and JR Rochford, taking a break from our day to day as financial advisors with Rotford and Associates fully independent fourth generation family office right here in Sun City to bring information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. I'm happy to be back. JR is probably less happy, but I have heard that you were a lot less animated on the show last week without me. You need me to bring out all of your frustration. Is that what it is? Or were you just so exhausted from celebrating?
[00:01:19] Speaker A: I definitely, definitely was more low key. I know everybody and their mother was talking about the election. So for us to chime in really wasn't as. I don't know, it was a mellow show. And yes, I missed you. I think we did okay without you. I think we made it through. But yeah, I mean you push my buttons. You do get me going every week because I know a lot of the stuff we see from different angles. I know we see the same.
[00:01:42] Speaker C: You're so much taller than me.
[00:01:43] Speaker A: That's right. Yes. By what, a quarter of an inch? At least. Yeah. I tower over you down and look at your bald spot.
So I do want to warn people today my voice might sound a little bit janky. Is that a word? Janky? If Mike janky. If you're listening. Sorry. So I have a head cold. I will tell you something. I started getting a really bad sore throat on Sunday. We were at the Cardinals jets dam and I think Sam is on the right track. The jets fans, they're like walking petri dish. I think they brought disease and illness to our stadium.
[00:02:15] Speaker C: So anyway, I've but New York, the trash city filled. The trash people.
[00:02:19] Speaker A: It is. The people in New York are janky anyway, so I felt very much under the weather. The three of us before starting to record agreed that Men are such wimps. And women know that. I mean, I have a head cold. I don't have the flu. I don't have Covid. You know, I don't have that hit by a bus feeling, but from the neck up, I am so congested. And coffee and I won't get specific, but I'm definitely having a productive cough, if you know what I mean.
[00:02:48] Speaker C: Anyway, mom couldn't walk for three months, stayed in bed in hospital, had cancer and complained less than you have about this cold 100%.
[00:02:58] Speaker A: I haven't for like four days. I'm like, I'm going to die. This is it. As Sam said, if my mom was still with us, I would call her and say, I'm just calling because this may be the last time I speak with you, so please pick up the phone, Mom. As usual, even not feeling well, I greatly look forward to being here. I'm super excited. We have so much to talk about. So with the election behind us, I want to remind you of a couple of things. One, our whole mission on the show, we want you prepared, not scared. We want you proactive, not reactive. If you've let your guard down, if you were super excited about the political direction, and if you're listening to this show, odds are you're more on that side of the aisle. So if you're super excited, you're watching the Cabinet picks, you're thinking that we're out of the woods. I can't express my thinking enough. We are so far from out of the woods. Will this buy us time like it did the first time Trump was in office? Of course. I mean, this slows down the progression of the literal demise of our nation. So this is, this is a good thing.
[00:04:01] Speaker C: Well, did you talk about last week how the day after the election, that 1200 points up.
[00:04:07] Speaker A: Oh, it was incredible that we did.
[00:04:09] Speaker C: A absolute mess because nothing's been fixed.
[00:04:12] Speaker A: Absolutely nothing's been fixed. But we've been saying that for two and a half years on the show. Anthony, this market is a house of cards. It's heavily manipulated. I can't. Trying to remind people the Dow Jones industrial average is 30 companies and it's such a rig game, when one doesn't perform to their satisfaction, they remove it. They took out Walgreens earlier this year and put in Amazon. How many people know that? I don't encounter a lot that do. So, Sam put up some of the choices here. Susie Wiles as the chief of staff. As far as I understand, that's the first time in history it's been a woman. Is that right? So Trump the misogynist, the woman hater. Looks like you picked a weird person for somebody who hates women. Let's see some of these. Department of Government Efficiency. Have you heard of the new, the new doge? You know, if you're watching dogecoin, by the way, I think it's at like 32 cents. It was at 8 cents a few months ago.
[00:05:00] Speaker C: If you're looking at the new Gabbard on that list.
[00:05:03] Speaker A: Tulsi Gabbard. Yes. She's going to be our director.
Yeah, well, and she's hot, too. I know why you like her. You're a fan of who's the Woman? I'm drawing a blank. Who's the woman? From my cousin Vinnie.
[00:05:13] Speaker C: Oh, Marissa Tomei.
[00:05:15] Speaker A: Yeah.
This is a political Marissa.
Oh, yeah. No. And this is a political Marissa Tomei.
[00:05:21] Speaker C: So Aaron Burnett on CNN or cnbc. I don't know Aaron Burnett, man.
[00:05:27] Speaker A: I'm very conservative, so I would have to mute the station, but I'll check it out, listen to her talk. Secretary of State Mark Rubio, U.S. attorney General Matt Gaetz. I mean, this, this is going to be interesting. Homeland Security Secretary, Speaking of hotties, Christy Noem, Secretary of Defense Pete Hegseth, veteran badass, got the Constitution on his forearm. I'm liking this. I think there's going to be some changes. So there's still going to be a swamp. There's still going to be a lot of work to do. But let me tell you something. We still have 35 trillion in debt. It's at 35.9. I looked on the 6. It's about to hit. I'm guessing by this weekend.
[00:06:11] Speaker C: Or was it matter?
[00:06:12] Speaker A: It doesn't matter at all until it matters. None of this matters until it tips. And I honestly believe we are getting closer and closer. It's not over. I said when the world smooths out and we can go on to being a financial show and not a show about current events and how they're going to affect your finances, I'm ready to do it. I'd say it's never going to happen. I mean, I'm going to have so much to talk about every week. So I just, I don't think we keep going this direction without some major changes. And speaking of that, Doge, it's what's really funny to me about the doge. It's the Department of Government Efficiency and what they're going to, you know, we've brought to you stories of government wasteful spending and ridiculousness you're going to put Elon Musk in charge of that? The guy that came in and gutted Twitter and made X better and more, you know, populist friendly and did it with way less people. Good on you. I mean I'm already hearing that they're going to, they're going to drain the federal workforce by 75%. The original thought I heard on how they're going to do this in January. They're going to start this right away. They're going to start a running when they get into office, they're going to take all the employees and if I love this, this is Russian roulette on steroids. If your Social Security number ends in an even number, you're fired. So half of you go and then when they get rid of half of the workforce, they're going to look at your Social Security number and take the first number and if it's odd, go. So they're, you know, I love that.
[00:07:36] Speaker C: It'S the Department of Efficiency and they're creating a new department.
[00:07:40] Speaker A: I know, I know what you're saying.
[00:07:42] Speaker C: The hypocrisy there also, I get it, you know, less federal employees, less tax dollars spent on that. It's already not run well. But those people have to go somewhere. We already have a crisis of the middle class, so it's not really one thing. It's not real great to celebrate cutting a ton of jobs.
[00:07:59] Speaker A: You want my answer? Why don't you deport 20 million illegal immigrants and wherever they're working we'll fill those positions with government.
[00:08:06] Speaker C: Yeah, I can't imagine those are all jobs that people are running to take.
[00:08:10] Speaker A: No, I'm sure they are. That's why the people are here. Where, where do 20 million people work right now? Where are they working? They're not just working in the fields making sure we have lettuce and tomatoes for our BLTs. Where are these people working? I don't know. I mean this is all unchartered territory. I just can't wait to see how it plays out. So personally on one hand I am very excited to see if this country starts getting back on track. I have tried to keep apolitical, I have tried to keep myself seeing things through a financial lens. I've tried to think I don't care who's in office. When you have 35 trillion in debt, when you have the rest of the world that's had enough of us in our and our lifestyle and our spending and everything else. The Brics nations, that's they're not done. I mean, believe me, we thought there would be a little more impact from the October meeting. So far there hasn't been. They did add 13 nations. They're still working on the bugs of a currency that they can use. But I can tell you what, you know, Sam, I have add, so when Sam puts something on the screen, I have to stop and read it. So this is from Robert F. Kennedy Jr. FDA's War on Public health is about to end. This includes its aggressive suppression of psychedelics, peptides, stem cells, raw milk, hyperbaric therapies, chelating compounds, ivermectin, hydroxychloroquine, vitamins, clean foods, sunshine, exercise, nutraceuticals, and anything else that advances human health and can't be patented by pharma. If you work for the FDA and are part of this corrupt system, I have two messages for you. One, preserve your records. Nah, you can bleach bit them kids. I've seen it done. Preserve your records and pack your bags. A fricking men. You know what I've been worried about for a long time? Watching my father with cancer, watching Anthony, your mom with cancer. Watching just in general, people's health problems. You put deodorant on every. Well, you probably know, but people put deodorant on every day. You know what's in it? Chemicals. Aluminum. People put on perfume and cologne. It's got chemicals in it. It's got stuff that goes right into your pores and makes you sick. We drink water with chlorine and fluoride in it. We breathe air with heavy metals in it. And chemtrails, we. We eat foods that are highly processed crap. You know what my favorite food is? I'm on a strict diet of Cheetos and Tito's. So if Robert Kennedy can come in and start making us healthier, can you imagine? Boy, and speaking of a good person to be in that role, have you ever seen the videos of that? Man's in shape. I mean, I'm not trying to get, you know, weird about this, but I wish I looked like him. So anyway, I'm excited on so many fronts, but back to my negativity because now all of a sudden I sound like I'm a half full guy and I never will be. So back to my negativity. We have 35 trillion in debt. I'm not sure if tariffs are the answer. That might make inflation worse. Maybe it's growing pains to get to where we want to be.
[00:11:14] Speaker C: I do the tariffs because I hear a lot of that argument. And it's like obviously you raise costs, the cost goes to consumer. That's been our inflation for the last four years, the Greenflation inflation. How do we have inflation raising prices and all this bad stuff yet corporate profits are at all time highs. Because they're screwing you. They're not taking the L on any of this. You know, they didn't have to raise the prices what they are. So. But I, I think with the tariffs, isn't the goal just to bring manufacturing back if it costs too much to manufacture across seas? So isn't that kind of a good thing? I get that it's short term bad. Almost any solution is going to be short term bad. But isn't the long term goal?
Yes.
[00:12:04] Speaker A: And you do realize that we started doing that when Trump was in office. You do realize the people that say that he wasn't a champion of the border. You do realize that he started putting up container boxes, Conex boxes, walls, fences, drones. He tried to make us safe. You do realize he tried. You know, we learned during COVID most of our medications, you know, so I'm talking, you know, in the realm of life saving products came from China. The masks when we had to mask up because that did very little to nothing for us. But when we had to mask up, you know where your masks were made?
China. So yes, you are on the right track. Tariffs. If 90% of our goods come from China and you raise the taxes, they either are going to stop sending them to us and that forces into our own self sufficiency or they are going to basically make it cheaper and we're going to, we're going to have advances. I don't, I mean I still want to see how this is going to work out financially. You raise, I'll give you a few examples of why I think things are still sketchy. As I'll get out. You raised the age of RMD. If you're 70 and a half or older, 72, 73, 75. You know that what I'm talking about. It's called required minimum distribution. You raise the age. We know Social Security, Medicaid and Medicare are in the same system and they're broke. Why would you raise the age? If anything you would lower it. Who are we trying to kid with this stuff? Now you are talking and both sides of the aisle do this. Trump did it first and then Harris took it over. You're going to stop taxing tips. I think that's wonderful because tipped employees are usually very, very much middle class. They're the engine of this country, it really isn't the rich that keep getting richer or the poor that keep hovering. It's the middle class. So if you don't tax their tips, two things happen. One, they're happy as all get out. They're going to get by a little bit easier and breathe a little bit easier. The second thing is presumably they're going to spend more. We're an economy that's a debtor's nation. We're an economy that doesn't really produce anything. We don't make anything. We either print money or we raise your taxes. So if you don't tax tips, that will probably help a huge swath of this country. How are we going to not take in more tax revenue when we're 35.9 trillion in debt? We're in deep, deep financial dire straits and yet you're going to raise the age that people have to take money out of their art, their IRA, their 401k, their qualified funds, you're going to lower the tax receipts and then magically the debt is going to salve itself. I mean, where are we going to change here? Something has got to give. If Trump can pull this off, I'm all for it. Don't forget, before Trump, we dropped off a pallet of cash in Iran. The people that chants death to America, Death to Iran, Death to Iran, Death to Israel, Death to themselves. We want suicide. No, we dropped off a pedal cash. We have done the dumbest stuff you can do financially as a nation since I can remember. So I don't know. I don't care if everybody hates Orange man bad. Give him another chance and let's see if he can start changing the direction of our country because we weren't going to make it if Harris got in office. I honestly believe within the next four year term things we'd be done, we'd be beholden to other nations, we'd go the way of the world order, the World Economic Forum, Klaus Schwab, all these people, they would get their way and the evil Great Satan America would be done. This buys us time. I talked to a whole bunch of people, Anthony, you probably do not. I talk to a whole bunch of people that believe this is the hand of God involved here. And whether you and go ahead and laugh, whether you believe it or not, a lot of people do. So we all have our own opinions. But I can tell you what, I had a conversation with a person just yesterday and she started bringing up examples of how things are going down. She's Like, I just, I have to keep the faith on this one. I'm like, good on you.
I don't know if this is miraculous. I don't know if this is just the pendulum swinging again real far.
[00:16:09] Speaker C: This Reagan, though, that's in your lifetime. It's the same. It's the same thing.
[00:16:14] Speaker A: And keep.
[00:16:14] Speaker C: It is different. It's all the same.
[00:16:16] Speaker A: But what's different from Reagan times now? Are we as a nation, are you better off for your future, your retirement? You know, during the Reagan era, you do realize there was opportunities to go to jobs that had pensions. You remember that, right? You can't find many jobs now that have a pension, you know, and even jobs.
[00:16:32] Speaker C: But they're getting rid of those.
[00:16:34] Speaker A: Well, they're going to get rid of them. And you do realize when I'm talking about the stuff with the federal government and chopping three quarters of them, you know what else is going on right now, right now as we speak, you know what I'm hearing? The, the federal employees that generally got less from Social Security because they had the federal benefits, they're going to start getting more in the Social Security system. Wait a minute. The system that is literally bankrupt. You made this large Ponzi scheme. The government dipped their hands in it. They're taking money out to feed people that never paid into it. They're doing all kinds of shenanigans. And now they're going to take the federal workers and they're start giving them more of it. Just the whole system's going the wrong way. And I'm sorry how this ends up. I still think that we are going to end up tipping. I don't think there's a path back to. And I'll do air quotes if you can kind of feel my vibes here. I don't think there's a path back to normal. So I think there's gonna be big changes. I have said for years, I think eventually we go the way of digital currency. I think the whole world does. Eventually, I think. And I brought it up a couple weeks ago, and you laughed at that a little bit, Anthony, that maybe it wasn't Satoshi. Maybe it wasn't just, you know, good intended people that wanted a new financial structure. Maybe it was a CIA thing, the whole bitcoin, the whole blockchain, this whole thing. Because why would there be patents so many years ago? Why did the government have papers on digital currency so many years ago? Why was I literally over 20 years ago talking to clients when I read articles on the Amero, the Amero is now the central bank digital currency. There, there's a new term that we, we haven't dug into deeply enough to air it out yet on the show, but I'm going to give credit to John, a guy named Don Johnson. He's a friend of mine. He's been a friend for years. So Don brought to my attention something, I've heard the word a few times, but he, when he brings something to me, I know I better take it more seriously. It's called Quantum financial system. So start doing a little duck, duck, go search on Quantum financial system. It's a little dry, the reading, but it shows what is probably coming. So.
[00:18:42] Speaker C: Well, what is it? I know you sent me the article, but give me the, you know, the 20,000 foot view of it.
[00:18:48] Speaker A: It's a blockchain based system. It's the central bank digital currency. It's a blockchain system that's going to take over our fiat currency and our current, you know, dollars and cents. And it's basically going to be a smarter. It's all going to be intertwined with AI and with programming and with systems. And so hopefully we never have an EMP or a high altitude emp. Hopefully it's different than the Bitcoin where if you lose your password to your wallet, you're screwed. I mean, hopefully it's something that is handled properly and not run by the government. But until I really dig into it, unfortunately that's my 20,000 foot view. All I know is it's growing legs. So is it a year out or 10 years out? I have no idea. We'll have to read more.
I was reading about six months ago into Project 2025. I thought it was going to grow legs politically. Now you're going to start hearing about that more and more. The experience I had while reading about Project 2025 was that you can really see it two different ways. You can really see it as a political football and why we didn't go dig deep, you know, a deeper dive, Dig into it deeper was because it was overwhelming. I read, I read the thing I printed off. One thing I printed off was about 26 pages and that was without all the amendments and footnotes. We have to dig into that now that Trump has become the President Elect, we have to dig into that. So I have some heavy duty reading and figuring out to get to. So I'm going to work on Project 2025 and Quantum Financial physics for upcoming shows. With that, let's get a little more light and airy. Back to the end of the world or at least our country. So 35 trillion debt. We still have two months and one week until the inauguration slash installation. You know that, right? I don't think for any reason that one side of the aisle is just going to roll over and accept this. I've been talking for two and a half years about how divided and polarized our nation is. Do you think they, they're accepting? You know, I mean, the Republicans, when Biden got in office, believe me, there were a lot of people that were upset, but they were more accepting that they thought there was.
[00:20:59] Speaker C: January 6th would say otherwise.
[00:21:01] Speaker A: Well, and January 6th was a crock of crap to me. But I'm one of these deniers. I've seen enough videos of, of tour guides and opening up doors. Nah, I'm, I'm not, I'm not on board with the J6 being the worst thing since 9 11. I mean, and I'm not a. 911 was an inside job guy. I'm not a, you know, JFK on the Hill. I just don't know enough. I mean, I'm open minded, you know, I know a lot of people that are good friends of mine that are open to aliens and alien interactions. I'm fine with that. I don't know. I don't know. I think January 6th was a setup, personally. I think there were a lot of FBI boys that were kind of leading the charge. I think there was a lot more to it. And you know what the good thing is about people in this country, we can see things differently. We can hopefully. And maybe, just maybe with Robert Kennedy Jr. Getting into the office, you know, he's going to work on her health, which is good. He might also want to have all of the information released on his father on 911 on January 6th. I don't know. But tell me something, Anthony, why are there still people in prison from January 6th four years ago that still haven't been to trial, still haven't gotten their time in court? There's actually my understanding there's people that have died and gotten cancer and gotten sick that still.
They basically, they're unknown names. So they're people we don't know. I don't know. Why were they doing, you know, spot. Why were they looking for people that were in the area of January 6th? There's too much that doesn't make sense to me. But anyway, so again, I'm a tin for that guy. I always admit it. I'm a conspiracy theorist. I always admit it. I just unfortunately think I'm Generally. Right.
[00:22:40] Speaker C: So it's just funny to point fingers and say there's going to be some sort of uprising from the other side when literally the last election was on this side.
[00:22:49] Speaker A: Well, and I also think that, you know, there was election fraud, and a lot of people say there wasn't, not just because I watched 2000 Mules a couple times. I know in my own household, the last general election, the last midterm, 66% of the vote got counted. I mean, I hand delivered to the Peoria City County Courthouse, I hand delivered three votes. One for Sandy, one for Jay, one for me. And then I waited my 10 days in check. Only two were counted, and I didn't know what to do about it. Then I did it this time. I voted this time, Sandy, Jane. I sat at the kitchen table and we voted this election. I took it to the Young Town City County Complex courthouse and I checked it about a week and a half later, all three counted. So two previous elections, one of the three of us, our vote did not. The same person, by the way, each time didn't count. This time it did. So, personally, I believe there was election fraud, if nothing else, just in my own house. So I think there was massive election fraud. I think there was election fraud in every single election in the history of this country. I think there was election fraud this time with just the red wave or whatever you want to call it, was big enough to suppress it. I actually, you know, Trump won the national popular vote. You know that, right? You know, Trump won the electoral. You know, he's got the House, the Senate. I mean, this was pretty much a landslide. Maybe, just maybe, the people that make all the noise don't outnumber the people that just want to be left alone. They want smaller government. And you brought up the Doge. You know, the new department. You say it's, you know, hypocritical or whatever to have a new department to hire people, more people to thin the herds. Yeah, but if they hire. If they hire 100 people to get rid of, you know, several million people. Okay, I see the logic. I mean, I don't know. Anyway, so. See why I missed you. You poke the right buttons to always let me know that you and I see the same things, but we see them vastly different on occasion. So 35 trillion day. We still have two months in one week until the insulation, the weather. There's crazy weather. This will get you going. I think the government's manipulating the weather. So, I mean, there could be more fires and floods and make more chaos. There. So I want to get right to an article. We're going to take a break first before I get to the articles today because they're really good ones. I think they're fun. But I want to give a real quick weather article story to you. You know, there's a lot of people around the world that hate us. They want to see our demise, not only financially, but they don't like the moral decay they're seeing. They don't like anything about us. They think we're fat, lazy, instant gratification nation, the worst since Rome. They think we were feeding, we were fed bread and circuses just to stay fat and happy enough to stick around and they don't like us anymore. So there's a lot of forces that are not content with this country being the world's police and in charge of sanctions and all the stuff we're in charge of. So. Oh, and you know.
Well, I don't know.
I think we should ease in a break because everything I have here is more important. I guess. I'll tell you one more thing while I'm being weird about everything. I would say everything we've told you about diversification, moderation. Make sure you spend a little bit less than you save. Make sure you pay down debt, don't stop just because Trump became president. Make sure you have food and water. We're not. In other words, make sure you have a plan. If things do get weird. If Anthony's right and we've had a civil war, we've had a great depression, we can keep going. We can keep spending our way out of spending problems. If Anthony's right, so what? Don't mortgage your house to buy extra supplies. So what? But be smart. Be a boy scout. If you have it and you don't need it, so what? But if you need it, you don't have it, you have a problem. So I'm just saying maybe we've bought time, maybe there's divine intervention. I'm telling you, we still have a lot of issues as a nation.
[00:26:34] Speaker C: Act accordingly with hopefully people have listened over the last couple of years and already made those, you know, they've already made their chance changes and are prepared now.
[00:26:45] Speaker A: I hope so. And hopefully they're cycling through their food, water. Hopefully they just, they're not going to stop. They're going to say things were not out of the woods. We, we are still in uncertain, unchartered territory. So make sure you're awake and aware and nimble. With that said, I think we should take our break Because I want to jump into the articles. I have just a few today, but they're good ones. So thank you as always for being here. Please let people know about us. We have a brand new listener shout out to Marty, Marty in Sun City. She's two episodes deep now, so. And she said it's good so far. I want her to go back and listen to about the last 10 or 12 so she really gets a taste of this. I would love her to hear Dave Hodges and Joe Jin. That'd be great. Seth Leaveson. So anyway, thank you for being here. Reach out to us, please, please come in and talk to us. Let us be a second opinion for you. We'
[email protected] or you can always call us 623-523-0444. And we have a YouTube channel. So make sure you check that out. Like subscribe and help us grow that bad boy. We'll be right back.
[00:27:53] Speaker B: You're listening to another money show.
If those other money advisors promise you a boatload of money, check the size of the boat and be sure it's your boat, not theirs.
[00:28:09] Speaker A: I do think I'm still right, Anthony, that something's going to tip and something's going to give and things are going to change.
[00:28:16] Speaker C: I watched Dumb Money again last night and I'm watching it and I was just like, how ridiculous is this? Our financial, you know, the stock market is every where else do you put your money? There is really nowhere else unless you're starting your own business and doing certain things and buying hard assets. We've built it around this monster that really makes no sense at all. And it doesn't matter how many times you prove that it makes no sense. They're just going to keep fighting it. They're just going to keep manipulating it. Because I, I think about this. I mean, we've been early. You were before me and being, I don't think, you know, I don't trust the stock market. And then I came in in 2018 and I've been following, I was like, well, I don't make any, none of this makes any sense. But really look at what that S P500 has done. It's absolutely insane because I saw the, you know, the bubble in 2000 was about 1500. It comes back to about 1500 again in 2008. And then since then it's like quadrupled.
[00:29:25] Speaker A: Yeah, 6000.
[00:29:27] Speaker C: But I mean we've, you've missed out on all of those gains. But how do you justify any of Those gains, Like if you're a fiduciary and you say, I have to put my client's best interest, how do you see the writing on the wall that says none of this makes sense and should implode and could implode at any moment yet you're wrong.
Do you just follow the trends and hope for the best? Because what is the point in investing in the stock market ever? Because it really is just a game of timing, right? Of course it should come back over time. But like, when you need it and you don't know when you'll need your money, are you going to be up or are you going to be down?
[00:30:05] Speaker A: Yes. Welcome to the people in 2007, 8 and 9 that were near or in retirement. They were frightened. I lived it. I was there for the tech bubble. I was there when a plane hit a building. I've seen the psychology of financial advising, not just the sales and the financial acumen. I've seen the other side of it. You're going to sooner or later. Nothing ever goes straight up. Nothing ever goes straight down. And you're right. It's all about timing. When you say 1500, back to 1500, up to 6000, can it go back to 1500? Of course. We've been trying to tell you for the last two years, the S&P 500, it's floated by seven stocks. That's not 500.
[00:30:44] Speaker C: I've looked at so many portfolios lately that none of them have these kinds of returns. So now I'm starting to think like the buy and hold S&P 500. I mean, if you're going to have anything at risk, maybe it is that simple. You know, you have to allocate certain amount of money and say, this is going to be my at risk. This is going to be my growth. But don't try to be the genius to pick those stocks like it really is. Because, yes, again, if it's only five stocks out of all these thousands, how are you going to pick the right one? Or you get those. Each of the funds that are tried to be managed and try to be on top of things, but you know, they're going to be mostly losers, too. They're going to be carried by those same few stocks.
[00:31:28] Speaker A: Well, and I love what you're saying, my thinking is this one. Do what you and I have suggested to people first. Set your base. Do you want your kids to have a better life than you financially? If you're middle class, do life insurance. Ooh, he said the L word. Do generational wealth transfer ideas. Do stuff to set up your family, then make sure your income is covered. If they cut Social Security by 25% in the next four years, I don't care. I set up my own income. Pay down debt. As much as Dave Ramsey is a sketchy figure in my world, he still, he's nothing but common sense. Pay down debt, Set up the best base you can make money.
[00:32:17] Speaker C: That's our whole society where we're at today if we didn't have this fake money and leverage. So as much as I hate it, it really has built this wealth that we have now.
Like if we're not taking out loans, you know, nobody's buying homes. Right. We've created this American society, this American dream based on leverage and credit at this point. So how do you do it? Within moderation.
[00:32:46] Speaker A: Well, and that's the whole thing. Some people are meant, you know, when you and I went back and forth like a year and a half ago at least when, when they were talking about Zillow was going to be the spearhead of this, they were going to have like 0% down homes and all this stuff.
[00:32:59] Speaker C: Well, they had negative in like Norway or Iceland, one of those. Do you remember that when interest rates were zero, they had a negative interest rate for a 10 year loan.
[00:33:07] Speaker A: That's.
[00:33:08] Speaker C: Yeah, I mean that's really dating, going back. But anyway. Sorry, what were you saying?
[00:33:12] Speaker A: Two of them. Well, and I remember not too long ago, just a few years ago, when, when barrels of oil were negative and our phone rang a little bit, but it was more us calling people. So now, and I just, I look at it like we have to do certain things, but your lot in life is kind of controlled by what your parents did, what their parents did politically, financially. If you came from a family that whenever they got money they thought, oh, this will never happen again, I better enjoy it. I mean then that's kind of how you are. If you came up from a family that saved more than they spent and they taught you good financial habits, you might be better off. How does somebody get ahead today? I mean today, starting today. How do I, how do I get some head today? There's not a lot of. You can start a business.
You can start a business and then when it gets really successful, you can sell it for a lot more than you put into it. You can win the lottery.
It's a long shot, it's not real good odds, but you could, you know, you could inherit, maybe you won the gene pool lottery and you're going to inherit a Million dollars. You know, you can do what I'm saying and at least change your kid's future if you're of reasonable health or your spouse is, you know, Get a million dollars of life insurance for your one child. Get $2 million if you have two children. Your pay.
[00:34:27] Speaker C: That's my favorite. That's my number one suggestion for anybody my age who's got kids now.
[00:34:32] Speaker A: Well, of course. And then tell them moderation and diversification have never gone away. That's what my grandfather subscribed to. And that was before we had people in Sun City asking about pot stocks. That was before high speed frequency computers. There was a way to get ahead. You bought JCPenney, Montgomery Ward, Kmart. You bought these old stocks. They were good for the country, they were good for you. You got your dividends, you got your money back when you wanted to. Guess where all those stocks are now. Yeah. Gone.
[00:35:00] Speaker C: So what do you do now where bitcoin comes in? Because maybe bitcoin really, I mean, I'm watching it just explode again and I feel like I take after you a bit in the grumpy old man ness, and it's just like, well, it doesn't make sense to me. I can't justify buying and I've never been into cryptocurrencies. But maybe we're wrong. Maybe that's the replacement. Maybe stocks die out. Yeah.
[00:35:25] Speaker A: Did it hit, almost hit 100 miles, right?
[00:35:27] Speaker C: It hit real close to 93, I think.
[00:35:29] Speaker A: 93. Well, that's pretty close. Now it's back now, it seems.
[00:35:32] Speaker C: Why didn't you buy it at 20? Why didn't you buy it at 60? It's how it was. Just like. Because I remember when it was pennies, it was nothing. And it's still.
Maybe the world is changing her powders. Maybe that's what's happening.
[00:35:44] Speaker A: Maybe I need to research Quantum, Quantum financial system quicker. I mean, I, I still think you bought air when you bought bitcoin. I know, I know.
Could I Wish I put $10,000 into it in 2016. Yep. Yeah. I mean, I, I, it's just, you know, people that were buying Beanie Babies, they, they were making a fortune on ebay. They, they, it changed. People were going to McDonald's, didn't have kids. Buying 10 Happy Meals, it changed our country huge. It was dramatic. I had friends that used to go to my dance lessons that were.
And he's passed away. His name was David. They were spending a lot of money on Beanie Babies. And I was just confused. I was like, it's a little stuffed animal. I was confused. They were trading them. This one's rare. This one's incredible. I don't know. I mean, Dogecoin was like 8 cents a few months ago, and now it's like 32. Maybe you're right, Anthony.
[00:36:38] Speaker C: No. So that was a weird way to start out this second half of this show. We. We jump. We had a conversation going and it was good. So it was like, well, does love Sam go steam?
[00:36:49] Speaker A: Let's go to the articles. Let's get this.
[00:36:51] Speaker C: All right, now we're back to the show. Whatever.
[00:36:53] Speaker A: We apologize for not telling you that bitcoin is good and we apologize for that part of our segment. But we're going to move out now and make amends. We think you should put all your money in bitcoin and just finish up. I mean, make a good base, pay down your debt, buy hard assets, put some money in the S P and buy and hold like they said to do in the 80s, and then move on.
[00:37:13] Speaker C: Just understood. Big on pensions. Focus on income, because that allows you to make terrible, terrible financial choices as long as you know you have money coming in. But we talk about that enough on that show. We'll come back to that. Let's get to that.
[00:37:26] Speaker A: And watch Warren Buffett, watch Jamie Demon. I mean, watch these people. They have no faith in stock market, apparently. So be, be careful when this market gets cut in half, and it always does periodically. It's way overdue this time. So it may be worse than 2008 when it does. Get ready. Have some cash on the side. Get ready. Dollar cost, average in, jump in with both feet, whatever you want to do. We'll give you any advice we can if we can at the time. But make sure you are ready for this opportunity because I believe it's coming. With that behind us, let's move on to the articles. I want to get a little bit financial and political on this one.
Here we go. This is From Washington Examiner, November 11. This was just on Veterans Day, by the way, if you served our country or if you're serving. Thank you so much, Nick. If you're listening, I appreciate your service. As you know, after blowing 1 billion, Harris fight fund begs for more. You can't make this stuff up. Let me read a hair to you.
So she raised and spent $1 billion in her losing presidential campaign and left behind a stunning 20 million in debt. A billion dollars and left 20. Okay. Now Vice president Kamala Harris is begging tired donors for more money for her fight fund in a new fundraising Email to donors Kamala HQ wrote. Is there anything we can say to convince you to make contribution to support the Harris Fight Fund program today? The memo from the Harris Victory Fund, Victory Fund, a joint fundraising committee authorized by Harris for president, the Democratic National Committee and several state Democratic parties said the money will help fund races that have yet to be decided. In the note, Democrats appear to concede that the party is in a shambles. First and foremost, we want to acknowledge the fear, confusion and sadness many of you are feeling at the moment, the note said, asking for a minimum of $50. In her concession speech, Harris indicated that she plans to continue battling President elect Donald Trump. But first, she will have to pay off her embarrassing debt and build a base to support her efforts. Did you hear what I just read? She spent a billion dollars. That is 1,000 million. If she gave all that money to homeless people, homeless vets, just regular people, just distribute that money around the country, would we be better off? Yeah, yeah, yeah. The outcome of the election would have been the same. I watched, I watched the commercials. I watched commercials in Spanish. I watched a lot of stuff that I got tired and I'm not a TV guy, so the limited amount of time I spend in front of the idiot box, I was tired of the whole thing. But anyway. And didn't she give Lizzo, didn't she give Lizzo like a million dollars beyond.
[00:40:36] Speaker C: Yeah, they spent a lot of money on celebrities to come endorsement. But you missed the big part in that article and I, I thought it was. I didn't think it was true at first. And then I clicked another link and it had the.
But it said that Trump's offering from his excess to cover that debt.
Did you miss that part?
[00:40:56] Speaker A: Yeah, I missed that part. Say, explain to me what you just said. Trump is offering with leftover money. So he didn't go broke campaigning, Correct?
[00:41:05] Speaker C: Yeah, I'll see if I can find it. But yeah, apparently he made a post on Truth Social or whatever, his social thing, and says that, you know, he's considering bailing them out.
[00:41:21] Speaker A: Wow.
[00:41:21] Speaker C: Everybody absolutely love to see happen.
[00:41:26] Speaker A: Hell no. Hell no.
[00:41:26] Speaker C: Usually they stop fighting unless. Let it be over with because.
But I don't know. We'll see. I mean, then it's going to be real hard for them to hate him. Right? Because that's.
[00:41:37] Speaker A: I don't know.
Half the country hates them. They're shaving their head. I mean, they're, they're all going to move to Canada. I, I don't know. I think the hatred, it runs pretty deep. They'll find some way that he cynically did that just so they wouldn't hate him. So they hate him more because he brings on his own hatred. No, I mean I'm just, I'm. Yeah, very.
[00:41:56] Speaker C: If that ends up happening, I'm sure that'll be a fairly big news story. But yeah, that was in the article as he made a post. We'll see if it he falls through. We don't know.
[00:42:05] Speaker A: But well, that would be huge. So let's move on to different because everybody knows about this thing with Harris. It's actually comical. And by the way, I mean for her to spend that kind of money on these superstars and for her to spend a billion dollars and still be 20 million in the hole, there must be a lot of stake here. There's Soros Obama. Where did she get a billion dollars? Not just from these donations. There must be a lot of overspend.
[00:42:28] Speaker C: Like where was she getting credit to overspend this way? It's one thing if you spend it because you've been given it, but how are you in borrowing?
[00:42:36] Speaker A: I mean loans? I don't know. I mean I'm guessing how many get.
[00:42:39] Speaker C: 800,000 and then still have to borrow more or 800 million and still have to borrow more?
[00:42:44] Speaker A: 800 million. A billion. She spent a billion dollars and then she's still 20 million in all.
In other words, I mean a thousand million is not 800.
It's mind boggling numbers. And by the way, how do you become any level politician? Name brand recognition, you got to have a sign at every corner. Money, you got to spend a bunch of money. It's, that's just the way of the world. But this, that's excessive. I mean that, that's, that's GDP money. I mean that's, you know, small nations are like screw you. So anyway, speaking of wasteful spending and money and absolute ridiculousness, here's another thing for you. I found this on the Todd Starnes website.
Anthony, I'm not sure if I sent this one to you or not.
This will be quick, but I find it interesting. This was on the 8th of November. It's on www.toddstarns.com. fEMA official ordered relief Workers to Ignore Homes with Trump Flags okay, this, and this actually makes me a little bit angry. I guess it's not as funny as I thought it was when I first read it. So the Federal Emergency Management Agency admitted that one of their staffers ordered relief workers to ignore hurricane damaged homes that had Trump signs. The Daily. Excuse me, the Daily Wire exclusively reported the story after a whistleblower came forward with the evidence that disaster relief was provided based on political party affiliation. At least 20 homes were passed over. I know they're short staff. I thought we could go help them make a difference. One of the relief relief workers told the Daily Wire. When we got there, we were told to discriminate against people. It's almost unbelievable to think that somebody in the federal government would think that's okay. It's not unbelievable to me. I volunteered to help the disaster victims, not discriminated against them. The employee said it didn't matter if people were black, white, Hispanic for Trump, for Harris. Everyone deserves the same amount of help. FEMA helps all survivors regardless of their political preference or affiliation and we are deeply deserved.
I'm having trouble. My little head cold is making it hard to read. Sorry about that. So FEMA helps all survivors regardless of their political preference or affiliation and we are deeply disturbed by this employee's actions. The statement read. While we believe this is an idol isolated incident, are you sure? We have taken measures to remove the employee from their role and are investigating the matter to prevent this from ever happening again. The employee who issued this guidance had no authority and was given no direction to tell teams to avoid homes. And we are reaching out to these people that may have been reached as a result of this incident.
Again, like the banks behaving badly and then they come out and they say they're sorry. Are you sorry for what you did or are you sorry because it got uncovered? Because you got caught? You, you really tell me FEMA, the people that are giving 750 or whatever it is per home that had problems, that gives billions to Ukraine. Sorry, bring that up again. Oh, by the way, Ukraine, if you're listening, the bank is closed. I have a feeling your gravy trade of money is going to slow down now. So Ukrainians go fund me past the hat time anyway. So fema, the people that don't have money for US citizens, but they have an endless supply for Ukraine and don't tell. Well, that's fema. That's the, you know, that's a different branch of the. It's so different to part. It's a different division. No, you know what government, it's all the same money. So fema, shame on you. I mean, I don't know what else to say. It's one thing when you see video clips on the news of somebody destroying a Harris sign or a Trump sign, you know that's, that's wrong. I mean, Leave people alone. If you walk out your door and you see a Harris sign or Trump sign and it makes you angry, keep it inside, but don't damage the person's property. So here's one that's funny. So this One is from msn.com also from Veterans Day. Thank you, veterans. On the 11th of November 2024, Fauci received $15 million in taxpayer funds for private security detail Report sets and I read a little bit. Dr. Anthony Fauci was granted $15 million in taxpayer funded security as a private citizen, according to new report. An agreement between the U.S. marshals Service, the USMS and the U.S. department of Health and Human Services. The HHS provided Fauci protection from January 4, 2023 to September 30, 2024, according to FOIA documents obtained by independent journalist Jordan Schactel and opened the books. The cost covered a chauffeur and USMS security detail, the report notes. The agreement was discovered in a memorandum of understanding between agencies. The $15 million does not include expenses related to Fauci's private security from April 2020 through December 2022, according to this report. The contract could be renewed or extended in the future, the agreement states. But the report says it's unclear how unprecedented the arrangement is, but notes it could find no other cases of a former federal employee receiving this level of protection. Fauci was the highest paid federal employee in 2019, surpassing former President Donald Trump's $400 salary, according to data obtained by Forbes. Let me see if I need to read anything else here.
[00:48:54] Speaker C: I think we get the point.
Yeah, but nothing for RFK in his presidential run. But here's a federal employee and.
[00:49:04] Speaker A: Correct. And yeah, you're right. I mean that sums it up. But the in it goes further to say they didn't do a great job protecting Trump. They denied protection due rfk.
Let's see here. It says here. Yeah, I guess that's about all we need to say. I don't know. I mean, really, why on earth, why these people work for us? Here I go again. I mean, what on earth, what kind of threats was Fauci under? That he needs that. And even if he was under threat, give him a bodyguard. I don't know how much that costs per year or per month or per week. A chauffeur.
[00:49:43] Speaker C: 15 million.
[00:49:44] Speaker A: $15 million. Yeah. I mean the wasteful spending in this garment. Come on, Elon, get the doge up and running and clean house. I mean, just. It's so angry. I'm so angry. About this. It's so annoying. And week after week I run, I never run out of articles. I have so many. And it's just more and more wasteful spending and ridiculousness. It's the haves versus the have nots on steroid. It's not going away.
So. And by the way, speaking of Fauci, you know, it was uncovered that they were doing cruel and malicious tests on beagles. You heard about that? Oh, Anthony, you missed last week. Unless you went back to your favorite podcast and listened to another money show from last week, you missed. We talked a little bit about Peanut, Peanut and Fred. So, you know, the beagles that Fauci tested on. Pretty sad. I mean, if this country won't get angry with. With the spending on Fauci, at least get angry that some of the stuff he does is inhumane.
[00:50:42] Speaker C: Doesn't get mad at school shootings.
[00:50:44] Speaker A: So, wow, where did that come from? We. We just went from a squirrel and.
[00:50:49] Speaker C: A raccoon to a lot of worse things going on that no one seems to care about versus a beagle being.
[00:50:57] Speaker A: A ver of Dave David Hogg, the majority of mothers against, like, gun violence, all this stuff, A lot of people care. I mean, nothing will ever get done. Which is, which is good, because my second amendment trumps that. But. And believe me, believe me, I have kids. I'm married to a teacher. Speaking of a teacher. And I just, I don't want to go down the gun rights road right now because it's way too heavy. And until you're willing to address the mental health crisis we have in this country and the Department of Education. Oh, the Department of Education. Trump's going to abolish it and bring it down to the states. I literally had a person yesterday ask me, am I worried about Sandy's livelihood? Trump's going to abolish the Department of Education. You're married to a teacher. Is she going to lose her job? I didn't know if I should laugh or cry at the stupidity that approached me. I'm like, are you kidding right now? My wife gets her paycheck from the State of Arizona, not from the fed in Washington, D.C. she'll be fine. You know what? We. We are one of the worst nations on the planet for the health of our education system, and yet we spend more than all the others.
[00:51:58] Speaker C: So come on, isn't Arizona like 49th out of 50 or 48th? Like, if anything, it can't. How can it get worse here?
[00:52:05] Speaker A: Don't we have 52 states? I don't know. How many states we have? Because I went to public school. Wait, no, I didn't. I went to private school. Yeah, we have 50 states and we're, we're pretty much at the bottom, so. And, and I, I don't want to jump on that thing cuz what more can I say? If people think abolishing the Department of Education is going to hurt our education system, you better start waking up and thinking. So let the states handle certain issues, one of them being education. Can't do any worse.
[00:52:28] Speaker C: Now candidates definitely need to step up their game and handling their education.
[00:52:33] Speaker A: Amen. But back to Fauci. Have you heard about the 43 monkeys that escaped the testing lab in South Carolina? If you can't make this up, you know we lost the election. Release the monkeys. Have you ever seen the movie Outbreak? I mean this is real life Outbreak. They're saying to keep your windows and doors shut if you live in the area because they're. And I guess they caught like two or three of them. So now there's only like 40 monkeys left. But I kid you not, if you haven't heard that, look up the 43 monkeys that escaped anything. I know we're getting late on time. Sam, one more thing for you. We brought to you the fact that the, the banking system, they're going to bring back 4.5% reserve requirement on the banks. I can't find anything that says they did. I had somebody that asked me to follow up on that. Yeah, I don't think they ever did. I think we still from March of 2020 have 0% reserve requirement on the banks. The banks still have reserve. Yeah, 1.2% coverage through the FDIC. So we're not done with the banks. And I forgot to get to Janet Yellen today. I guess I'm out of time again, even not feeling well. I need two hours, Sam. Make it happen, please.
[00:53:45] Speaker C: All right, so that's it for today's show. If you like what you heard, you have questions on any of the topics today you want to sit down with us to review your personal financial situation, reach out to us at team at another money show.com on the website. Another money show.com. you can book appointments with us straight from there. Give us a call. 63-52-3404.
Remember, there are no minimums. There's no cost for appointments. There's nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday noon right here on 960 the Patriot. And Sunday's at one for a re air.
[00:54:22] 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. Discovered. Schedule your free no obligation consultation visit anothermoneyshow.com investment advisory services offer through Brookstone Capital Management LLC. BCM. A registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
At Rochford and Associates we know the road to financial freedom is not a straight path and the journey is different for every family. And in times like these, we want you to feel confident that you're safely on track to meet your retirement goals.
[00:55:16] Speaker A: We want to ask you to prepare for economic chaos. We want you to prepare for bank volatility. We want you to ensure and protect your assets with a smart plan.
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