[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.
[00:00:15] 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 income, reduce their tax risk and reach financial freed.
So let's start the show. Here are your hosts, Anthony Correo and JR Rochford.
[00:00:38] Speaker C: Here we are, your hosts Anthony Carrello and JR Ratcher taking a break from our day to day as financial advisors with Rocher Then Associates, a fully independent fourth generation family office right here in Sin City to bring you news you may not be hearing on those other financial radio shows. We're where the last thing you need is another money show, but we appreciate you being here and we had a listener in the office this week who talked to me about baseball because I had mentioned I was a Giants fan and he was also a Giants fan. So we got to talk about that. Or maybe not Giants, just Willie Mays, right? One of the greatest ball players of all time. But that got me thinking that I, you know, I know a lot of listeners know a lot about Junior and myself a bit personally because we share a lot.
But I don't. I have brought this up on the show before but not very often. But I like cars a lot, specifically race cars and I race endurance cars well with leagues like Lucky Dog, Lemons, Champ Car, the amateur series, NASA there hasn't been racing in Arizona in quite a while. So I have teamed up with Ravi from We Don't Lift to do a eight hour endurance race at Podium Club in January as a part of Southwest Speed Fest. So if you're a listener and you've raced endurance cars in the past, or if you have sprint cars or any kind of race car for road track stuff, you know, run in with NASA, SCCA things, organizations like that. We're running an Arizona exhibition race January 29th at Podium Club. There'll be an eight hour endurance.
So we're trying to get the numbers up from that, trying to get Arizona organized so we can get more endurance racing back here at an amateur level. So if that is something you are interested in, reach out to me 623-523-0444 or shoot me an email at team anothermoney show.com so that was what was most important? Definitely not the elections and definitely not whatever's going on in the stock market today. We only care about amateur race cars.
[00:02:48] Speaker D: How you done, Anthony?
Are you done? Are you ready
[00:02:51] Speaker C: for. I can definitely talk more. If this show was about race cars then I would, I would talk a lot more. I don't care about the financial stuff, I don't care about the end of the world.
[00:03:01] Speaker D: Hang in there. I'll be, I'll be dead soon and you'll get your wish. You'll be able to make this an all baseball slash race show if you, if you'd like. So let's get started with the show now. Yeah, reach out to Anthony and reach out to Anthony also about next Tuesday.
Next Tuesday is our West Valley networking group. We used to call it the West Valley Men's Network but we made it co ed. We opened it up for a change of scenery. So yeah, see us next Tuesday, 4 o', clock, 67th Avenue, just north of Bell Road. Little, little brewery named Throne. Good food, great service with our smart alec waiter Kyle.
He was in rare form last month. He's starting to feel very comfortable with our group. So anyway, join us next next Tuesday, which I believe is the 10th of November today as we record is the 5th of November, two days I believe post election. Anthony already brought that up. We are a show. Oh, one more shout out. So Thrones coming up. One more thing. Actually two more. A couple of you. Make
[00:04:01] Speaker C: it three more.
[00:04:02] Speaker D: Make it three more. I've got three more shout outs. One.
Several of you have reached out for our prepper 101 list of items to get you started. Thank you. That, I mean that's one of the ways we know you're listening. And the other thing is it would be best if everybody listening was not scared if they were prepared. If we had any kind of disruption with our power grid, with our water supply, with our banks, if we had any kind of disruption, our listeners are going to be like wow, you know, I mean some of this stuff I had the money, I had the space to put some water so. And I love when people are prepared, not scared.
The other thing, thank you again. I'm. I'm going to do it every week. Thank you again to Joe Jason, Jack Patriot Radio News Hour. I'm on there every Monday now, so I am a regular guest on Mondays. That show is at 9 o' clock Arizona time and it's on 10:10am, another Salem sister station.
So join me over there. I only get to talk maybe five to 10 minutes out of the hour, but hopefully it's impactful. Five to 10. And really, if you like our show, you're going to like Joe's too. They're on Monday through Friday, so it'll be a time commitment if you enjoy it. But it's a great
[00:05:14] Speaker C: for their show. I do.
[00:05:16] Speaker D: I do, too. If I had to listen to our show or their show, I would take their show all day long, especially now that I'm on it. So today is a big day. Obviously, I have several things to do. We, you know, part of. I'm still hurt from last week's show. I'm not going to lie. Something that's festering with me, you know, when. When Seth Leapson, I don't like to name drop, as you know, I. I mean, I've met a lot of famous people in my life. Just last year, I think it was, I met Mel Gibson. A lot of you probably call Melvin Gibson, but I met him in person, so I believe I have the right to call him Mel. I've met Jack Nicholson, and Jack Nicholson told me that it's. It's bad to be pretentious and name drop. So I. That's why I don't do that more often. But anyway, last week's show, so Seth Leibson, when he was on our show, he said that the parallel was drawn with me that I'm the boy that cried wolf. And Anthony, during the show, tried to basically say, I'm too worried about things. We've had a civil war. We've had a black plague, We've had a market correction. And Seth was like. But do keep in mind, at the end of the story about the boy that cried wolf, there really was a wolf. And last week, Anthony doubled down and he said like a hypochondriac. Like, yes, one day come and they're gonna die. That was a little extreme, like, you know, somebody blowing down my house.
[00:06:32] Speaker C: Comparison I've used so far, because I feel like it sums you up perfectly
[00:06:36] Speaker D: well. And let me. Let me go further. You know, actually, I have been a baby prepper. I've never drained the swimming pool to put in aquaponics. I've never, you know, built a doomsday bunker. I used to enjoy the show doomsday bunkers and doomsday preppers, but I never. Some of that was excessive to me. So anyway. But I mean, I've always been prepared. I don't have a year's worth of food and water, you know, but I can stay in my house for a few days at least. You know, the stuff the government saying you need to do now. And I mean, I do live. I like to play poker. If you know me, you know, I like to play cards. I do that. I like to go up north whenever I can, ride quads. I like to watch movies. I have all kinds of hobbies. I don't sit here waiting for the end of the world. I don't have a spider hole even in my backyard. I know that's shocking. Anyway, so when Anthony said that like a hypochondriac, you know, sooner or later they're going to be dead, I started thinking about that. I think we're four and a half. We're actually over four and a half years into bringing you another money show every week. Never duplicated a show, by the way. We brought you a new show every week for four and a half years. Something that occurred to me. Anthony, after four and a half years, has no idea what the show is about. He has no idea, Anthony, he's thinking that I'm doom and gloom just because I'm a miserable person. I mean, to Anthony, maybe I am a miserable person. I don't know. But our job on the show is to bring you current events and how they may affect your future, your finances. And everything we've brought to you in four and a half years is stuff that you should know about. Anthony says every week he even says, we're bringing you stuff you may not get on those other shows. And. And yet I bring you stuff you may not get on the other shows. And Anthony's like, boo, boo, you suck. So I just wanted to air that out because Anthony, I've been his stepfather.
I've been in his life since he was 11 years of age.
11 years of age. I've watched him semi grew up. I've seen a lot with him. He also is still in that angsty phase of like, I am.
I'm somebody that you have to question. Usually people outgrow that when they're in their 20s. Anthony's like 36. He still fights with me and everything. I'm fine with it. Believe me. We get along fine. I mean, I just. But if last week's show was like, wow, that was a little harsh, Anthony, that's.
I don't know if Anthony's understood this show is about sounding alarms. This show is not a hour long infomercial. If I die, it's going to be about sports and races and maybe to go to financial, you're going to hear about Roth conversions, generation, generational wealth transfer. You know, we can. We can do everything Big Lou can do for your insurance, but until I die, this show is going to be about stuff that could throw your finances off track. It could throw your future off track. Speaking of which, did you know we had election? Did you two know that Tuesday was an election? Did you vote? Is your conscience clear? Do you have a right to debate with people whether you feel like you win or a lot? I'm really amazed that especially, you know, when you look at social media, which, Anthony, I know you're very light and I know, Sam, you're pretty much against. It's amazing to watch people gloating. Do you think that Biden cared about you? Do you think that Trump cared about you? Do you think that there's any chance that if we live in this country, something that's, that's bad for half the country is bad for the whole country, do you think that things could change this? You know, I mean, I listened to the acceptance speech from the new senator in, in Michigan, and I almost fell out of my chair. I'll send it to you, Anthony, if you want to hear later, if you'll listen to it.
Our country is.
Yeah, yeah, his, his speech was amazing. His. Just the way he says his name, even. I'll send you a short clip if you don't see that our future is changing. I don't know what to tell you
[00:10:25] Speaker C: because of the way he says his name.
[00:10:27] Speaker D: You're there. That's part of it, Yeah. I mean, he's letting you know what's coming. It's. If you don't believe that the landscape is changing and maybe it's for the better. I'm about to read you something that made me think of U2 and Jay, and I'll tell you my thoughts on that. I'm really just of the feeling. I've been saying for four and a half years that the elections are a pendulum, but they're swinging wider and wider. You know, we're a financial show. If we were to start talking about finances, and I tied the election to the finances, which party? Not that the last two years has been a great example of conservatism and smaller government and less spending, but which party?
You know, the big push coming now. Anthony, one thing for you to look up when you look at the blue wave that we had, Medicare for All. So welcome to France. France is having protests today. They were announced today. 240 of them were announced for today. They're bringing another 70,000 law enforcement officers to try to keep it under Wraps the world has gone mad and this country for some reason has escaped it all. We so fat lazy instant gratification we've somehow avoided. You know. Yes, we've had some things. I remember Reginald Denny. I remember the summer of love in Portland. We've had some problems. I get that.
We've never had a nation divided to the level of what I think we're going to see. But I don't know. When we started this show, one of the things that we started with was one of our friends named Roger. He asked us to come up with a list of 10 things that could go wrong in the future that he should be aware of so he can monitor his finances. We thought that was Genius. The number 10 pillar was civil war. I think that we still. I don't know that we've avoided it yet, but we will see. I will tell you a couple things. One thing. And you know, I try so hard to stay away from politics on the show for a reason.
Even though we're on current events and yes, politics are interface for current events, we're still a financially lensed show. We're still trying to find stuff that's not. I don't want to drive away any listeners because of political reasons. I realize we're on 960 the Patriot. I know where I am. Anybody that gets near me. If you want to talk about politics one on one, let's do it. But on the show, I'm trying to make it more of a slant towards finances.
With that said, Anthony, you might get your wish this week. I might actually be the hypochondriac that checks out live on air. And then won't you feel bad? No, actually, you probably won't. Really, that's. I don't need your feedback.
[00:12:57] Speaker C: Of course I will.
[00:12:58] Speaker D: Yeah, of course you will. You might even attend my celebration of death.
[00:13:04] Speaker C: And what a celebration it will be.
[00:13:06] Speaker D: I know.
[00:13:07] Speaker C: Just kidding.
[00:13:07] Speaker D: Your
[00:13:07] Speaker C: mom. I'm gonna go before you.
[00:13:09] Speaker D: Oh, for sure. Did Anthony mention anything about how he races? You know, he drives a car that's too fast.
His own good even on the streets. Anyway, so let me read something to you.
[00:13:19] Speaker C: Oh, and the fire suppression was broken last race too, so if we had gone up in flames, I didn't have anything to fix it like I thought I did.
[00:13:26] Speaker D: That's fantastic. It's fine. It's fixed.
[00:13:28] Speaker C: Probably. So it'll be.
[00:13:29] Speaker D: I'm licensed to sell insurance. Right, Anthony, you need to see. Oh,
[00:13:32] Speaker C: yeah, no, I loaded up on life insurance prior. We're good.
[00:13:35] Speaker D: Perfect. So let me Let me. I want to put this, this election thing to bed because everybody on the planet's talking about it, so we don't need to add to it. And by the time you hear the show, it'll be like five days removed. So it's all going to be aired out.
Pardon me. So, but I want to read something I did, a screenshot of many different things that piqued my interest. This one is just, it's nondescript.
Let's see. I'm not going to read the author's name. I don't want to give credit to this because I didn't get permission to read it. But it was on social media, so it is accessible to the public. So I'm not trying to steal somebody's thunder.
The boomers are done, Finished. There is no more party loyalty because the young people aren't having it.
They are not Republicans and they are not Democrats. They are for self preservation. And whichever party does not give them that, they will vote out. The younger people have opened their eyes and opened their mouths with a gigantic roar and they will not have their future stolen by the evil lifers of both parties. Total control by the brainwashed boomers and Zionists of this country is finished. America first does not mean what they thought it meant. So I can do a half an hour deep dive into this and my thoughts on it, but I'd rather just give you a couple of surface thoughts. I said the last few months. Jay, my youngest son, if you work full time, you can't even afford an apartment. 1700 bucks. 2000 bucks for a small apartment, you darn sure can't afford a house. Starter house at 450 grand with a 7% interest rate. It's just not, it's not practical. So they need change. Well, you got it. This week. The one thing I do want to remind you young folks, the change you got, and I was kind of going towards this before I got myself off track. Which party, you know, generally spends more? Which party wants Medicare for all? Which party? Which party wants food for everybody? They want everybody on food stamps. Which party wants universal basic income? So what you did if you were younger and you voted into the blue wave, is you actually made a potential worse financial future for yourselves. But we will see socialism, and that's darn sure what we're heading towards and talking about it has never worked before. But if we can perfect it here because it'll be democratic socialism with sprinkles and rainbows, I want to see it. I can't wait. I Just hope, Anthony, to your chagrin, I hope I'm long enough to see how this plays out. And I have said for four and a half years, I'm not worried about me. I'm worried about my sons, Nick, Anthony, Jay and Sam. Mostly Sam. Not going to lie. Mostly Sam. I'm worried about Sam. So with the politics behind us, I read that because I get it. I understand.
But the thing you have to understand and Anthony, we've talked about over the years, the two party system is broken. It's dead. It's this rich old club. It's a big club and you ain't in it. We need change. Unfortunately, what I saw this week is we're going to get the change. But how we're going to get it.
We may very well burn the house down and then start over. Can we start over after 250 year run or are we pretty much done? I don't know. You guys will see that in your lifetime. I won't. So my main question, because I really do have to get off this, I do have some very important financial things. Does this mean we're not getting those $5,000 checks? I mean we were promised a $5,000 check if we voted a certain way and apparently we blew that. So I'm kind of personally worried about my $5,000 check. All right, so the day after the election, which was yesterday, the 4th of November, I'm getting into some finances now. Are you proud of me? So the day after the election, the markets jump for joy. I'm not sure why. I didn't even care enough to read into it too much. But the Dow was up like 1500 points. Let me use this as a chance to remind you, the Dow Jones Industrial Average that jumped yesterday is 30 companies.
And when they don't like how they perform, they take them out and they change them.
So I don't give a crap. I have been warning you, I've been warning you for months, maybe a year now. The market has been priced to more than perfection. Any little snag in this market and we may have some trouble. Can they keep manipulating it? It's been 17 and a half years since March 9, the bottom of the 2008 debacle. Can. Can they continue it? I don't know. The one thing I've been warning you for the last, I don't know, six months here, if anything on the seven to 10 stocks that are all AI, data center, robotics, flock cameras, chips. If anything happens to that.
Anthony, you've been in the office eight and a half years. You saw Covid, you saw the biggest black swan event in the history of our country and the world. And my 401 went down for 30 days. And then on April 1st it reversed and started going back up. April fools. So you may finally be able to get to see a market correction. Welcome to it because yours may be a doozy. I got to see the tech bubble burst. I came in in the late 90s, so I got to see 2000. I was here when a plane hit a building. I was working that day. I was calling companies for clients that needed to go safer, temporarily. I was here for 2008, October of 07 roughly to March of 09. I remember the psychology of a good downturn, not a 30 day downturn. You may get to see it. So unfortunately there are some cracks. Yesterday the dow was up 15 points. I did a screenshot right before we started recording today, the Dow. And of course, I mean that was like, you know, 10 o' clock Arizona, I'm sorry, 11 o' clock Arizona time on the 5th of November, you know, the Dow was down 1694, so up 1500 points yesterday, down roughly 1700 points when I looked at it. I'm sure after the show it'll be, you know, who knows where.
But a couple things that it thought that I thought about. The problem isn't the Dow. Don't care about the Dow. I care about the s and P500. Because 503 companies is more indicative of what's going on with our stocks. And guess what, it's been floated for years. We used to call it Fang, Facebook, Apple, Netflix, Google. And now we call it the what miracle. I don't know what they. Miracle on ice. I don't know what the hell we call it. But if there's a crack in seven to 10 stocks, and I do want you to look up intel, that's our favorite.
The boys and I talked about intel right before pressing Record. Maybe we can get to that for a minute. It's been a little bit bloody. And we as taxpayers, we're owners, we're all owners. We all own intel stock because the government bought into it. But anyway, so here's the bottom line of what I think with the market that's priced to perfection. And now the sudden cracks in AI. The elections. Let's tie the elections to the stock market. The I told you this. Over the last six months, the data centers have become political. If you're on the conservative side, we'll call it red side.
You like data centers? We Gotta beat China. This is a race to run the world and China's winning. And we have to have data centers on every single street corner like it's a Starbucks.
But if you're blue, if you're on the right, you don't like data centers. How did it become political? It's either we're going to have social credit scores and 15 minute cities or we're not. So I don't know how it became political, but guess what? The House and the Senate both got taken. The local elections. Some of what's going on is scary. There's a name I have to look into, California, and I'm jumping around here. California you might get rid of Karen Bass. Remember her from the fires, Palisades and all that. And you're getting somebody named Nithya Ramanla. I don't even. I don't know. Holy crap, this country's in deep trouble. Along with the blue wave. I have a feeling that data centers, that's only thing that's supporting the market. You see where I'm going with this, right? Depending on how the next weeks and months go. Because the actual, the politicians that just, you know, are gloating out there, which, man, it's crazy, they don't take over until January. All I want to say, if you have anything in stocks and bonds, you have probably had a heck of a run over the last 17 years. You may want to watch your stuff. You may want to get a second opinion. You may want to call Anthony and see if he can review things with you. Anthony is very smart. He's an engineer by trade. I took him out of a real job and brought him over here and he can back test your funds, he can look at your, you know, the returns of what you own and say, well, if we had another 2008, this is likely how you're going to be looking. Are you okay with that? I mean, if you're in stocks or bonds, you know, there's risk involved. I get that. So it might be a good time to reach out to us at 623-523-0444. Oh, if you own StockX, what is it? SpaceX. I looked at that this morning. It was at like, I don't know, 125 a share. And again today is the 5th of November. So I never, will never give you any recommendations. You know, you have to meet us for us to actually help your situation. But all the FOMO around SpaceX, you know, I mean, I don't know, here it is sitting, I think it's below the IPO price. I mean, will it take off? Pardon the pun. Probably. Who knows? You know, we'll. We'll see what the future brings. Okay, we need to start getting what I really wanted to talk about. Let's see how much time we have. Oh, we got plenty of time to get started. You know what? One more thing. Oh, my gosh. Sam's saying okay. He's making the okay sign or he's saying we have three more minutes. So either way, we got plenty of time. One more thing before I get off of it on the. You better make sure you're proactive, not reactive with your portfolios. Anthony, when's the last time we talked about the Plunge team? We have to bring that up again. We've got to talk a little bit about what could happen here. So they brought
[00:23:14] Speaker C: it in for Intel.
[00:23:15] Speaker D: Well, Intel. No, they only bring. I can't do that. That would be market rigging. That would be manipulation. But intel was not.
[00:23:22] Speaker C: They only do it if the full index does
[00:23:25] Speaker D: correct. And I think it's only on the s and P500. You know, who cares about the Dow? Maybe. Maybe the Powers B also don't really put a lot of faith in the 30 companies which constitute the Dow Jones Industrial Average. Anyway, so make sure you, when you're resting, look up Plunge Team because I don't know, in my career, I've had days where they've had to exercise the Plunge Team. And it shows you exactly how rigged of a market we're dealing with. But of course, our country bailed out certain banks. They bailed out certain car companies. We, you know, we did a bailout of whoever we thought should be saved. Nobody asked me. I don't remember getting a survey. So we'll see how this plays out. I do want to. I want to tell you something. You know, the last couple of weeks we've talked a little bit about, you know, Bongino and Glenn Beck are saying to make sure you stock up. If the government. As you should. I, you know, the freezers. Now all of a sudden we've got six different military bases where somebody hacked into the freezers and turned them up. So this is now global, that cyber attacks are likely. I just read this morning that blood banks in France have been hacked. So a bunch of blood was, you know, they're trying to spoil, but it's just, it's a crazy world. Let's do this. Let's take a break because I want to get to the very most important thing I have. Believe it or not none of that was important so far. So let's take a break, come back, and then I want to talk about a couple of things that you need to make sure you're keeping on other than just your portfolio. We're at 623-523-0444 if you'd like to give a show ideas, if you'd like to set up a time to sit with us, if you'd like to know more about throne, whatever you need, we're at 623-523-0444. We are also if you want to email us
[email protected] if you want the list of items that will get you started on feeling some peace of mind, we'll hook you up. One last thing, please check out our YouTube page. We're on YouTube at another money show. We've gained a couple subscribers this week, so that's cool. And we've got, we're nearing in on like, I think it's 575,000 views of our videos and shorts. So if you want to check out our shorts, that's at YouTube. We will be right back. Thanks for being with us.
[00:25:39] Speaker B: All of JR and Anthony's listeners receive a free consultation just for listening to the show, visit anothermoneyshow.com.
[00:25:52] Speaker E: There's a moment in retirement that nobody really talks about. The moment when something goes wrong and you realize the money coming in every month is no longer coming from a paycheck. Tech I'm Jim Tarabokia for the Retirement Radio Network powered by Amerilife. Picture a Tuesday morning in retirement. The coffee is brewing. The phone is sitting on the kitchen table. Your spouse is playing the sounds of top hits from three or four decades ago echoing off the walls. And there's nowhere you have to be. No commute, no boss waiting for you to respond to an email. The morning belongs to you. And then you hear a drip. You look up and there's water coming through the ceiling. The roof needs repairs. Nothing catastrophic, but repairs add up. And it can mean taking money from an investment account you hadn't planned on touching and can leave you wondering whether the next unexpected bill is right around the corner. Financial advisor and Retirement Radio Network's Matt McClure explains how retirement planning isn't always about predicting every expense that will come your way.
[00:26:50] Speaker A: Right? I mean, you're never going to anticipate every expense that retirement may bring. But a strong plan is going to give you reliable income reserves that you can access and flexibility to make adjustments when life inevitably Changes.
[00:27:06] Speaker E: This is one of the realities of retirement that doesn't always seem to make it into the dream. You spend years planning for the predictable of when will I retire? How much money will I receive from Social Security? How much will I need each month answering these questions with precision only to be sideswiped by one of life's unexpected occurrences. And that's where having a well organized emergency fund proves its worth. During your working years, that money might protect you if the paycheck suddenly disappears. But in retirement, the paycheck has already disappeared. So maybe the better question isn't how big should my emergency fund be? Maybe it's how prepared am I for the unexpected. Because life doesn't happen in a vacuum and neither does your retirement. The goal of retirement isn't simply to have enough money for the life you planned. It's to have enough capital behind the resilience for the life you didn't. For the retirement. Radio network powered by Amerilife. I'm Jim Tarabokia.
[00:28:00] Speaker B: This is another Money Show.
[00:28:02] Speaker D: Welcome back to another Money Show. Thank you so much for being with us. As we say all the time, we're a little fish in a big pond and we greatly appreciate your support. We love that people are listening and telling people about us. So thank you so much. Moving on, actually finishing up something.
I don't, I have such bad ADHD or something. So finishing up on something. When I talked about the cyber attacks of the freezers that are now, they've come to the United States now, I, I read something that, that kind of made me think about something. Is, is that it or is this just the beginning?
One of the little things I read here says now cybersecurity experts are warning that the threat could extend far beyond grocery stores, potentially putting elevators, automatic doors, traffic lights, heating systems and other Internet connected infrastructure at risk of malicious interference.
I mean, let that sink in. You know, the 2000, you guys, Anthony, Sam, you guys were too young to remember people buying duct tape and everything, but we were all going to get trapped in elevators. The computers were going to eat us alive. It was going to be very scary. And for the time it was, it was very unchartered territory back then. So Anthony, you're right. It's just the same thing, just new. So, but now there's people that if you're on vacation and you're not sure if you turned your lights on at night or on the timer, you can do it from your phone. Everything's so convenient, you can set your alarm while you're driving. Down the street to get to your house.
But if you can do that, can somebody from North Korea do that too? The answer we're learning is yes. So just, just be prepared. If we ever have a water.
You know, my biggest fear is the electrical grid, obviously. Second of that is like the community services, like water banks, power, stuff like that. So anyway, and you know, when, when all these people the last couple of weeks are saying prepare, the government's going to prepare. You should prepare too. It's all weird timing around the elections, around the talk of further escalations in Iran. Something I ran across that. Well, actually, I mean you probably, you both probably heard about this. This is huge.
This is just from last week. I read this from the Army Times. On October 26, US army practices digging temporary battlefield graves. The army is preparing for the grim possibility of burying fallen soldiers.
Wow. On the battlefield, testing how fast it can dig temporary graves while preserving remains for eventual identification and return to families after the end of a conflict. During an exercise in North Carolina. Engineers, preventative medicine teams, chaplains and fatality management specialists. I didn't even know that was a thing.
Prepared for mass temporary internment. Not used on a large scale since the Korean War. The army announced and released last week.
What is the name of it? The name of it. I thought you'd find this interesting. Dragon Covenant.
So although I can't spend a lot of time on this, look up Dragon Covenant. There's a couple phases of it. So that, that should kind of scare you. It's just all happening so fast and happening at once. But I have to get on to what I think is the most important thing of the week.
So I've been warning you that maybe as soon as January.
I've been warning you. Oh, and I do want to remind you there is some people reaching out to me. So I'll address it. We are supposed to have a nationwide test of the emergency Alert system on the 17th of November. I believe I told you about that last week or the week before. So some people are concerned that. You know, make sure you have all your stuff ready by the 17th. I don't know. I hate giving dates on when things are going to actually happen.
But you know, be prepared, not scared, be proactive, reactive. Yeah, yeah, yeah. So. And Anthony Dragon, government. I guess you're right. I guess the hypochondriacs about at the end of everything.
Yes. Go ahead, my son, please.
[00:32:11] Speaker C: Nothing. I got nothing.
[00:32:12] Speaker D: Okay. So moving on. Moving on. This is the most important thing I have. I've been telling you that Maybe as soon as January we're going to start actually implementing and the politicians said we're not going to have a central bank digital currency. So I'm just going to call it the digital token, the dt. We're going to say the digital token. It's ready. They've been testing it. U.S. bank. If you have money at U.S. bank, you're one of the people that they've been testing if you have money at RBC bmo. We've listed Canada, Europe, United States, all intertwined now with digital movement.
So, but here's a, here's a brand new update for you. The Depository Trust and Clearing Corporation, we'll call that the dtcc, the foundational plumbing and primary record keeper for US financial markets, officially launched its DTCC tokenization service.
That's the dts. I know I can get into the weeds on this, so I'll try to, I'll try just to read a few things. This marks a monumental bridge between traditional finances and the decentralized ledger technology.
Moving Wall street tokenization away from isolated pilot projects into core market infrastructure. The service allows eligible banks and brokers holding accounts at the Depository trust company to mint digital representations of real world assets held in custody, assets supported at launch.
The initial rollout covers 34 eligible securities representing roughly 30 trillion. That's a big number in market value.
This includes select large cap stocks from the Russell 1000 index, major index exchange traded funds. Those are the ETFs and U.S. treasury bills, notes and bonds.
Let me read you a couple of the companies that are involved in launching this because for the last four and a half years we've mentioned that certain players are going to be around, others will not.
Let's see here. Incorporating design input from an internal working group of over 150 financial firms, firms at launch, 20 prominent institutional clients signed agreements to utilize the service including JP Morgan Chase, Citi, Morgan Stanley, bank of America, Fidelity Investments, Citadel Securities.
I'm going to stop there. The date that this started for your perusal, let's see here. It began on October 28th.
So that's the day, October 28th. And I know you did not hear this on channel 3, 5, 7, 10, 12.
I know you didn't hear about it because I scan those things looking for stuff like this. So what, what's going on here? Let me, let me summarize it. When, when we get the digital currency, when we get the digital id, when we get all of this stuff, we need data centers to take care of all the movements behind things.
If you thought, well, yeah. That's great. My bank money is going to turn into a debit card with how much I have in the digital token or whatever. I hate to say this to you. They're going to change the entire financial system. I didn't even know about this until about a week ago.
I printed off a article on the 28th, the day that the DTCC launched, I printed off an article from CoinDesk. I'll send it to you if you want.
Wall street giant DTCC launches tokenization for 30 trillion of stocks, ETFs and treasuries. The government, through the Genius act, said that we're basically going to have a stable coin. That's still true. That's true. We're not going to have a cbdc. I know you signed a law. I get that. So we're just going to have a token instead of a digital currency. Okay. If you can tell me the difference, I'll give you five bucks. Alex. So. So my problem with this is what I'm learning now.
Everything you own, stocks, bonds, ETFs, mutual funds, bank money, CDs, money market, anything you own, except for gold, silver, cash beans, bullets, rice, all that is going to go into the new system.
Wall street backbone. DTCC brings 30 trillion securities closer to blockchain with major banks.
Let's see here.
I don't want to keep reading the same stuff over and over. I highlighted pretty much this entire article.
I guess all I can do for you is summarize.
Other market operators are moving in the same direction. NASDAQ and the New York Stock Exchange are developing tokenized securities trading infrastructure. So, you know, we made fun of cryptocurrency years ago. You know, I have long said that cryptocurrency is the new tulip, the new Beanie Baby, the new pet rock. That doesn't mean it's going away. It just. I make fun of it because it's air. And I'm about to get to a story that proves that I was right. That it's not maybe the greatest investment you could have ever made. So. But what you need to understand, we made fun of cryptocurrencies over the last four and a half years. We made fun of NFTs. Is that still even a thing? Non fungible tokens.
Is that still a thing?
So now what was going to remain and be somewhat legitimate was your 401k, your IRA, your brokerage. Brokerage. It's very broken today. Yesterday it was a brokerage, today it's brokerage. Your portfolio they're going to, they're going to get rid of it and they're going to make a mirror out of it. They are going to peg it to the tokenization, to the blockchain, to the digital currency.
This is monumental.
And I know for four and a half years I've been Chicken Little, I've been the boy that cried wolf. I apparently been a hypochondriac. But this is the end game and it's coming at you. So can the Democrats taken control that don't like AI, put a stop to all this? Are they really going to save the world with this? Or are my stocks and bonds going to switch over to tokens? We will see.
And I do want to remind you, I read an article to you on the 21st of October. I'm sorry, it was the 22nd. As we recorded, as I see here, the OCC issues final rule to implement the GENIUS act setting federal framework for US stablecoins. And one of the things I read was the bottom line. Both the final rule and the GENIUS act itself take effect on January 18, 2027. January, this is November 5th.
As you hear this, it's the 6th or the 7th, two months away is when things start. You know it. Will it be that day? Will it be like don't mark that on your calendar and say before that day I have to move everything out of the stocks, the bonds, the banks. Don't overreact, but wake up. Start reading. Start. Make sure you tell your friends about this show because you probably heard it here first. So January 18th, as when they. Let's see here. The OCC action arrives as poly policymakers seek to channel private sector development in digital assets while imposing clear standards on reserves, redemptions, risk controls. Making a concrete expansion of federal oversight into the stablecoin market.
Well, what I'm adding now with the dtcc, it's game over. They got the banks in place. They got Fidelity, that's a pretty big company. You've probably heard of it. You already knew Blackstone, blackrock, Vanguard, they're behind everything. So you know they're on board.
So just to brace yourself, the stock market too, that, that you've got to worry about them too. Now I want to add something for you. It's kind of somewhat related. Wait to hear this. Hopefully you heard about this last week. But let me, let me hit it up here real quick. I got this on the 30th of October, which would have been last Friday, I believe from the end time headlines. Crypto industry suffers Largest bank Heist in human history. Let me read that again. Crypto industry crypto. Crypto. Bitcoin, xrp, Ethereum, Ripple, whatever you're familiar with. That's all air, that's all crypto. The new stablecoin. Guess what that is. Stablecoin is a cryptocurrency. I don't care what you call it. CBDC is what we use for the first three and a half years of our show. Now, we'd have to call it digital token or whatever. So here we go. Cryptocurrency worth more than $6.3 billion has been drained from one of the world's largest digital asset exchanges in what industry observers are calling the biggest bank heist in human history. According to a report from the Sky News, the security breach struck Binance, a dominant platform for trading digital assets, which said it was urgently establishing the full facts of the attack. Good, Good. Yeah, you need to figure out what happened over there. At Binance, deposits and withdrawals were suspended for customers. Blockchain intelligence firm TRM Labs attributed the theft to a trade trader trader, an elite North Korean hacking unit, and said the entire operation was completed in just 20 minutes. So the North Koreans, perhaps. They seized 6.3 billion in digital currency in 20 minutes.
That should scare anybody. The timeline would make even the largest cryptocurrency hack on record, surpassing the 1.5 billion stolen from Bybit Exchange last year. Richard Tang, co CEO of Binance, said the company's initial investigation suggests the security incident may have started with a compromised engineer's laptop. So, kids, change your password. Hey, laptop dude. Engineer over at Binance, if your password was like, you know your dog's name +1, 2, 3, exclamation point. Change it now. Let's see here. The attackers move billions of dollars across eight blockchain networks in roughly 15 minutes. The same group has been linked by the FBI to earlier by bit. Breach investigators believe the perpetrators spent at least 36 hours preparing for the strike. 36 hours? It's like a day and a half. I spent a week last year preparing for my last vacation, so this is crazy. Let's hear anything else. The episode appears to be a highly sophisticated and well rehearsed attack. The breach arrives amid rising concern that major cyber vulnerabilities across the financial system could soon be exposed or exploited by AI agents. You think. You think they can solve any mathematical problem that took us three decades to work on and not solve? They can solve it in a day. So, yeah, they're probably going to take all of our tokens while crypto. I shouldn't laugh because this is coming. While crypto sector has long marked itself as a decentralized and resistant to censorship, there are a vast majority of platforms, in some cases the assets themselves remain structurally centralized in ways that mirror conventional banking. So. So great. So let's roll out the new stablecoin currency to replace the dollar as soon as possible. You know when you have a dollar in your wallet, unless somebody robs you at knife point or gunpoint, you can't get hacked. They can't take it. You know what they can do and don't tell me. Well, I don't have Binance.
I have Coinbase. I have Kraken.
Okay, all right, so guess what? They're next. I. Allegedly, presumably. I'm just guessingly. I don't know. I think the future is uncertain. Anthony, I'm sorry to be so negative about it.
One more article because, you know, I always verify and I get several sources every time I say something on here from the BBC.
The BBC.
On 29 October, crypto giant Binance hit by hack suspects to be the largest history. Yeah, I already told you that. The attacker still holds an enormous sum of the stolen assets, meaning efforts to trace and recover the funds are far from over.
Binance is estimated to have more than 300 million registered users worldwide. 300 million people have money at Binance. I'm not one of them. I don't even know how. I don't understand this. I don't know what a cold storage wallet is. I don't know any of this stuff. All I know is I bet we're going to miss the $20 bill.
Let's see here a couple more things and then I'm going to move on again if we have time. Crypto exchange, Coinbase, speaking of which, said it was unaffected by the incident and was monitoring the situation.
Can they be. They're going to monitor. Good job, Coinbase. You know, our whole show is telling you to be proactive, not reactive. Be prepared, not scared. Hey, Binance, how come you didn't get stronger passwords of the laptop before this happened? Why are you doing it? After several crypto industry observers had flagged concerns about a potential hack on Binance hours before the exchange converted the circuitous. So crypto industry observers flagged concerns about a potential hack on Binance hours before the exchange confirmed the security issue.
Is there any reason, Binance, you didn't shut down your system?
If people let you know that there might be a hack coming, Is there any reason that nobody Helped you to say, let's take a breather. Let's take a pause on this.
So I, I don't know. I, I guess Anthony, Sam, this, this. You guys are in your 30s. I'm in my 60s.
Obviously, this stuff's coming. I mean, obviously, even though you guys are not on social media like I am, you don't spend eight to ten hours a week looking for stuff to be worried about, like any good hypochondriac would. I should probably lay off that now. I think I've. I've given Anthony my feelings on how he went too far over the line. So, moving on. But I'm not bitter.
Moving on. So are you guys worried about this? And. No, that's not rhetorical. Aren't you? I, I, you're probably only hearing this stuff from me, but it's true. Are you worried?
[00:46:24] Speaker F: Here's what I do, man. Every time an election comes around, I look up my ballot, I research it up and down I go and vote early if I can, early and in person. And then I forget I ever voted at all. I don't check the results.
I wake up the next day, the sun's still shining, and I've still got a list of things to do. That's how I do it.
[00:46:45] Speaker D: And I am so hopeful that that's what you can say every year around the second week of November, first week of November.
[00:46:51] Speaker F: And if I wake up and the revolution is coming down my street, I'll deal with it that day
[00:46:56] Speaker D: because I'm doing everything I can. Do you have security weapons? Tell me more.
[00:47:02] Speaker F: I definitely don't have a spider hole in my backyard
[00:47:05] Speaker D: yet.
The keyword being yet.
Sam, there's no way that you're not gonna have a spider hole in your backyard in two years from now. There's no way. We need to save this recording. Let's flag this recording and check back in two years.
So, I mean, all the stuff, the binance, all of this stuff going on, it doesn't concern you. It doesn't matter, Sam, you hit the American people. You hit it perfectly. I read too much, so I know too much. But we took on the show to share with people that want to know what I know. They want to know it. There's a lot of people that give me feedback saying, just tune Anthony out. I get that every week. Or some of our main people that Anthony knows and loves are like, why do you, why do you let him talk at all?
And it's because
[00:47:54] Speaker C: I would like to not be on the show anymore. You don't need Sam,
[00:47:58] Speaker D: don't leave me.
You two need to be here. I need the, the counterpoint, the point counterpoint of you. I also.
You get people fired up. There's people that take sides on me and you. And it's funny because I do 90 plus the show, meaning the talking, the, the work of the show is. Sam, we, we need to give credit to how this show. We're financial guys. We look at statements. We do. This is not, we're not radio guys. You know, I mean we started out with the old joke because we didn't know how to start a radio show. You know, we have the faces for radio. We literally started with that. It's like, could you get any dumber? Yes. Over four and a half years we've evolved into dumbness very nicely. I like to think my, my point being I read and research so I can give it to people because they're not getting anywhere else. And I don't want you blindsided. I want you to have extra food and water. I want you to make sure you get a second opinion on your financial matters. If it's not us, I don't care. We're always going to make it. I've been in my office going on 30 years.
I don't have job security insecurity. I don't feel like I'm going to be gone. I'm honest with people. I give a second opinion if I'm a better fit than whatever you're doing, whether it's with another advisor on your own, I'm here for you. If not, I don't lose any sleep. I mean I really. And I'm not trying to be cold about it too. You know, Anthony said it last week, you know, our show is all about trying not to make sales. Our show's about not selling things. It's some of it that is very true. Don't you think our sales over the last four and a half years as a practice would have gone up if all it did was focus on asset based long term care. When you should take Social Security, what's coming with taxes? Wouldn't our show produce revenue to us if we did it like the other shows? That's not what we're here for. I'll tell you the names of people doing those shows. I gave kudos to the guy who's on after us last Saturday. I listened to his show again last Saturday. I love the show. It's not what we signed up to do. We signed up to make you just scared enough to be awake. Anyway, Sam, what you said sums up the world. Sandy and I live in the same house. Well, for now, Sandy and I live in the same house. She didn't like my comment last week about, don't you have a dishwasher, Sam? She, she actually walked into the other room just to hit me in the arm over that comment. So anyway, Sandy and I, currently we live together. She is you, Sam. It doesn't matter. She taught kids, she's teacher, she, she went to work. She's too busy to talk to her co workers about the end of the world or politics or any of that stuff. She comes home, she doesn't put on the news. If she does, it's the, you know, top stories on Channel three or whatever. Then she puts on Wheel of Fortune, Jeopardy. Then she goes to bed, she goes to bed early, she gets up very early. She, she just. None of it. She doesn't know any of this. The only way she knows what's going on the world is because of the show. She listens to the show. She doesn't listen to Joe's show. She's at work. I try to schedule my appointments around Joe's show. I think it's that important.
So I am one out of, I don't know, I think people are waking up. I think I'm probably one of 3% that see what's coming, what's going on? You two don't have to be. But I'll tell you what, Sam, Anthony, Sandy, if you see me running, don't ask me, just run with me because this is unchartered territory and I'm early. But I'm not wrong. We're going to have a different political landscape over the next decades. We're going to have a different financial structure. Will it affect you, Sam? I hope no. I hope you don't have to look at your ballot after the day. I hope you can watch the sun shining. I'm just, I don't know, I look at the world, look at, look at balance. We haven't talked about banks this week. Look at Lebanon, Cyprus, Greece, Venezuela, you know, currently look at Spain, Italy, Belgium, France. I mean, the world is changing and I'm not sure if it's changing for the better. Are we all going to die because of what's going on or coming? Nope. Nope. But we are going to have to shift how we do things. We are going to have to weather some storms potentially. And if you don't even know the storm's coming, how can you get ready for it? So luckily you have us mostly Anthony, you know I'm going to come clean. None of this stuff that I say every week, it's all Anthony.
He puts this stuff in my ear right before the show and then I say it. Sam's motion. Sam wants me to shut the heck up and get out of here. I'll give you one more thing on how life's changing just because it's fun.
I read this this morning and I was like, well this is nice. This I'll end with this light and airy from the end Time Headlines on the 15th of October, new plant based meat brand is bringing five types of 3D printed food. And I read about steaks with marbling and with you know, plant based but it tastes like real meat. And I thought, you know what, even if I'm wrong and the world doesn't end, at least our food is going to change and that'll be good for us. I don't even know where I'm going with that. Anthony, you better take this out because at this point I'm just rambling.
[00:52:44] Speaker C: Oh good. Well in that case, that's all for today's show. If you like what you hear, do you have any questions or more importantly, you want to talk race cars with me, reach out to us 623-523-0444. That number again is 63-523-0444. You can find us on the web, Rochford financial.com another moneyshow.com I think that's the two we will. We'll see again next Saturday at 5am and noon right here on 960 the Patriot.
[00:53:21] 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 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. Guaranteed past performance cannot be used as an indicator to determine future results.
[00:54:01] Speaker C: Hi, I'm Anthony Crayo, co host of another money show airing on 960The Patriots Saturdays at noon and partner of Rochford and Associates in Sun City. If you've heard our show, you know it's more news based and how current events could affect your finances versus an hour long information.
Well now it's time for that infomercial but I don't need an hour each week to tell you what I can say in 60 seconds. The key to a happy retirement is income. Income, income, income. Clients with low assets and those with high assets all have one thing in common, a fear of running out. Assets come and go. Income is forever. Self funding pensions is the key to a happy retirement and we can help you do it. Reach out to us at 623-523-0444. That number again is 623-523-0444, or find us on the web at anothermoneyshow.com and let us help you not worry about your retirement.
[00:55:00] Speaker B: 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 D: 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.
[00:55:24] Speaker B: Our team can help you make the most of your hard earned savings using strategies that are right for you.
[00:55:30] Speaker D: I want more people to sit down with us when we talk about a financial plan. It's different for every person we meet. We tailor make our plans.
[00:55:39] Speaker B: Schedule your no obligation consultation today by calling 623-523-0444. That's 623-523-0444.
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