The Fed Makes Another Move – Now What?

[00:00:01] Speaker A: 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 freedom. So let's start the show. Here are your hosts, Anthony Correjo and J.R. rachford. [00:00:25] Speaker B: Here we are, your hosts, Anthony Crayo and J.R. rochford, taking a break from our day to day as financial advisors with Rochford and Associates, a fully independent veteran owned family practice, fourth generation family practice right here in Sun City to bring information you may not find on those other financial radio shows where, where the last thing you need is another money show. But we appreciate you being here today and for listening at 5am and at noon or on podcasts, wherever you're listening, we appreciate you. [00:00:56] Speaker C: I didn't understand until last week. Apparently Joe Jaquin is an early riser because he emphasized the fact that we're on at five and then it re airs at noon. We look at it like multiple people. [00:01:07] Speaker B: Come in that said that lately that said they listened at 5. [00:01:11] Speaker C: Yeah. So I better stop making fun of that. I mean, I personally think you're out of your mind. If you listen, if, if you're hearing this right now and it's five o' clock in the morning, I, I don't, I. [00:01:20] Speaker B: You're retired probably. What are you doing up this early? [00:01:24] Speaker C: Right. No, I'm just kidding. Any, you know, we come out on Friday afternoon. The podcasts are released on Friday afternoon. So some people hear it Friday. So. Yeah, no, whenever you hear it, we just, we just appreciate it. We're so glad you're here. So with that said, I, I don't even know where to begin today. Every week I have more than I can get to. This might be the worst one yet. So I guess I'll just start. I, I am going to spend the entire hour with shout outs today because I have so many. So let me, let me jump right in that. I want to say thank you to those of you that came out to the West Valley men's networking. So we, we meet at Throne on 67th Avenue just a little bit north of Bell, second Tuesday of every month. And the last couple months have been incredible. I mean we're just the, the very busiest one we had yet was in November. This one was a close second. We've noticed some people can't get there right at four. That's fine. Get there when you can get there. So. But yeah, it's wonderful. Kyle does a great Job. We've had the same person take care of us for years named Kyle. So good job, Kyle. The food's really good. I started branching out and trying different things and the food's good, the company's good. So join us. I mean if you're a listener and you're a dude, join us next month. We're gonna do it in January. Of course. We did have a little problem this month. We had a breach. We had a violation of trust. We. Yeah, our, our inner circle is a little shaky right now. We had a woman show up, so. Oh, it's only the fourth time. So we've had. Who was it? Monica showed up and Sandy showed up and Macy showed up. Yep. And now. Oh, that's right. This is number five. Oh my gosh. This. There's cracks, there's cracks in the armor of the men's group. So if you're a woman, apparently, feel free. I mean apparently we're just the West Valley networking group now. [00:03:11] Speaker B: Safety man, Woman haters group. [00:03:13] Speaker C: Correct. Spanky, you are correct. So Darla shows up next month. I won't be surprised. Darla would be in her 90s, right? Close to 100. So anyway, so join us because it's fun and if you're a woman, you're fine. You're. I mean it's, it's gotten more casual. Anyway, next, shout out. We had a man that Anthony and I had a little telephone appointment with yesterday. He heard the half empty cup. He actually lives in Colorado. So if you're listening by chance, this was a cool conversation. It was something we way out of our normal day to day conversations. This guy is looking at and he'll know who he is once I say this. He's looking at outside of the box, investing. He sounds young. We should have asked his age. He sounds young, but he's worried about stocks, bonds, banks and oh my gosh, amen. So he resonated, he, he heard me on there and he resonated with what I was saying and reached out to us. I have some reach, reach to do. I have to go to church again apparently and then recharge. So I have some research to do because he talked about self directed IRAs and IRA checkbooks and some stuff that, you know, I mean I'm going to dig into the costs versus the value. I'm going to dig into some of the agriculture and some of the different investment areas he brought up. So you got me thinking and maybe this is something that we're going to start talking about on the show. If we find that his outside of the box thinking is good. We're going to bring it up. So thank you so much for meeting with us. I got a little bit more of a somber shout out. It's good and bad. I had a message this week from Art in the East Valley and the good news, Art gave me several things to look up. Epoch Times is where he asked me to go. I'm so sorry, Art. I really haven't even had a chance to read the articles. I did save your voicemail. So I look into the articles. I guess one's on deflation. And so I will look into it. I've just been absolutely swamped. The somber part of this, his wife is ill. So if you're listening to us and you're a person that, that prays, say a little prayer for Art's wife because she's going through stuff and we never like hearing that. You know, we work in Sun City. I've been out there since the late 90s and so unfortunately I'm used to it, but it never gets easier. So, Art, we're thinking about you. We appreciate you keeping in touch and giving us show ideas and we just, we hope things go as well as possible with your wife. Kevin, you know, it's. Kevin is. Is a mainstay. Kevin wrote us a thesis on 50 year mortgages. So we brought up 50 year mortgages about a month ago on the show. And we're still getting follow up from Kevin. I have to. And Kevin, I know you said there's going to be a quiz on your paper and I'm still not ready for it because I glanced at it. I kind of did a cursory glance, but I have to dig into it more. Whenever I see charts and when I see flowcharts and you know, if I ever see spreadsheets, I'm like, oh boy, this is up Anthony's alley for me, Kevin. If you want me to read it more thoroughly, more quickly, throw in some cartoons, put in some pictures, you know, I'm dumb as a stick. So, you know, don't make it engineer, make it me. Make it me. [00:06:22] Speaker B: All I know is he gave a list of five things he wanted to cover. And number four was just Anthony is correct. And I was like, that's my favorite one. [00:06:29] Speaker C: Oh my gosh. So apparently he's wrong. So apparently, if I agree with you, Kevin, we'll both be wrong. So anyway, shout out to Kevin because it's consistent. The Godfather of consistency. Look at me banging out these shout outs like I am on a Mission, the godfather of our research, Michael C. So, Michael, okay, two thoughts for you. One, thank you so much as always for giving me stuff to research. Thank you. Two, do it earlier in the week. So Michael hammers me with like five different articles yesterday and I, and I last night I read them all, but I read them quickly. I didn't have to, I didn't have time to print and highlight and get ready to really go over them. But I will tell you, I mean, they're all really good in the articles. One was on jury trials and how in England things are changing and you know, we may follow suit in this country. Very interesting on different crimes. Are talking about, you know, having, having less involvement, more just a judge is going to say your punishment. So interesting. One was about the, the amazing rise in bankruptcies. The article, I believe, focused on corporate bankruptcy. We've been shouting that for a while here. We've been telling you you're not out of the woods with commercial real estate. You're not out of the woods with personal and corporate bankruptcies. They're rising fast. So it's, it's just verifying what we've already been telling you. One of the articles was on, it was on foreclosures and it was, it's very. The one on foreclosures is like, you know, I'm not hearing about that. I've been telling you for three and a half years on this show, everything cycles. If you're having a good day, don't get too cocky. Tomorrow might suck. If you're having a bad day, hang in there. Tomorrow should be better. I mean, that's, that's the way of the world. So this, the article that Michael said was verifying what I'm saying. I've been saying if you're a realtor, you know, make sure you dust off your foreclosure and short sale manual. You know what I'm reading? A whole bunch of people that have their homes listed for sale are pulling them. There's just no buyers. You know, the interest rate, I don't know what it is right now. Not watching anymore. What in the 6% range, so. And you're talking about starter homes in the $400,000 range. I'm sorry. You know, the American dream, other than for Blackstone, blackrock and Vanguard, is somewhat dead. So. Sorry. Anyway, the article was interesting. I'll dig into it. And then the best article that Michael C. From Sun City said Silver. Oh my gosh. I'll just, I'll get right to Silver for a second. Silver is what, 60? Is it $64 now? I looked in this morning. I'm like, holy cow. You know, I mean, I'm. In our little presentations, Anthony, when people are kind enough to have us go speak to small groups. We've been talking about gold and silver for a long time. And I'm a fan of moderation and diversification. Keep that in mind. But I've been saying I think silver needs to be $100. I mean, I personally think gold needs to be $5,000. I'm looking at inflation, I'm looking at the erosion of the dollar's buying power. I mean, I'm looking at the whole picture, and I think it's still undervalued. We had a client in this office this week. Thank you for coming in. She came in for the second time, actually brought somebody with her. So this is so cool. We love that. And she asked about if it's the time to sell sober. We said, no, we don't think so. Everything we tell you, everything we talk about, we're brainstorming with you. We do not have a crystal ball. At least that works. We have one in the office. It's right next to the Magic 8 Ball. I believe they work about the same. So. But anyway, my opinion, Anthony seemed to concur. Do not sell your silver quite yet. If people need to get food, medicines, if people need grocery money, okay, it's not a bad time. If you brought in at $14 and it's sitting at 60, all right, once you can do four times your money, you know, just sell half of it. Don't sell all of it. So I don't know. But, you know, if you're looking at precious metals, yes, there's going to be pullbacks, of course. There's going to be times when, where people are like, ah, I told you. Well, you know what? The world's not getting better. One of the articles that I do absolutely, positively have to get to today is, Is going to kind of tell you why you better hang on to your gold and silver. So let's see. Am I done with the shout outs? I think that's enough right now. [00:10:47] Speaker B: Couple things, you get to that one article you just mentioned, then positively have to get to it. Are you going to push that back? [00:10:55] Speaker C: Let me check my Magic 8 ball. It says probably not. At least it doesn't say definitely not. So, Anthony, are you gonna start in on me again today? You know, we, we have warned newer listeners that we bicker a little bit. And it's, you know, the Good thing in my thinking. You know, first of all, we don't need to parrot each other. You know, this show is on current events and how they're likely to affect your future. If you want to talk to us about traditional financial planning, I'm pretty sure we're on the same page. I mean, we, we both believe in lifetime income. We believe in having a plan for long term care should that need arise. We believe in paying down debt. We have a whole bunch of stuff. We're completely aligned. But you know what? There's things that we are not completely aligned. And I don't think that's a bad thing. I mean, I, you know, sometimes this show, it tends to seem like it's heading towards political leanings where it's a financial show. So that's just your imagination. And the only thing I'll say about politics today. So I heard something a long time ago that I think is funny. If you're young and you're not a Democrat, you don't have a heart. But once you're older, if you're not a Republican, you don't have a brain. And I only say that because I think something's going on here politically in our office. I think that Anthony is leaning. He's going more away from me politically because he wants to prove me wrong on things. I worry a little bit that Anthony likes the debate and he likes the idea of me being wrong. So I think it's putting them further away for me. Should I bring it up, Anthony, or just let it go? The thing with Pete Hegseth, you sent me the video that was behind a paywall, the video you sent me. And then you expect there's. [00:12:39] Speaker B: So I sent you another video. I told you you can just look it up. There's so much coverage of it. [00:12:44] Speaker C: And I did. I spent about a half an hour this morning because I went to open up what you sent me last Thursday and it was from CN and I thought about CNN isn't cnn? You know, don't forget during the what. [00:12:56] Speaker B: About who say in the news. It's. They put a clip of him. It's his. [00:13:00] Speaker C: It's 100 about the whole picture. Don't give me that crap. It's not CNN during the Gulf War was known for factual. They had boots. They had, you know, reporter boots on the ground. They were a credible news source. Cnn. What was it last week when they arrested the pipe bomber suspects that it was a white male. Anthony, you don't watch cnn. I don't think. I think you just look for stuff to argue with me. I watch fox, I watch cnn. I watch all kinds of stuff. While you're listening to music and listening to comedians, I am scouring the news so I see the whole picture. And you're right. I don't give a crap if what you sent me was from FOX or cnn. So I took that into consideration and I spent about a half an hour this morning watching video after video, and what I found was, I can see your point. I. I will give you some concession that I see your point. But the bigger picture, the first clip that I think is when you sent me just starts with him. It doesn't show the backstory. You sent me another one. You sent me a follow up this morning that rewinds a little bit in the press conference he was or the forum he was at. It's like, first of all, everybody knows. You probably don't know this, Anthony, but everybody that's watching Pete Hegseth knows he hated Trump. He did not like Trump. He has since changed. Some people have. [00:14:14] Speaker B: And now he's his vp. [00:14:15] Speaker C: There you go. So. But at the time, Trump was saying some things. According to some of my digging this morning, Trump was basically saying, we're bringing back waterboarding. We're going to kill terrorists and we're going to kill their families. And Pete Hegseth in 2016 was like, that is an unlawful order. We are not going to do that. And he was very against what Trump was saying. He has since. [00:14:35] Speaker B: How is it any different than that TikTok video that you. [00:14:38] Speaker C: It's different because, first of all, from. [00:14:40] Speaker B: 20, you don't like who posted it. [00:14:42] Speaker C: That's why that's. Oh, come on. Don't. Don't belittle me in that manner. No, give me a break. First of all, 2016 versus 2025 forward a decade later, the climate is much, much different. That's one thing. So when Pete Hegseth was against Trump, when he, when he was talking about what's going on, he's a military person. We all know following unlawful orders is not going to fly. We also know that that's literally all. [00:15:10] Speaker B: That Tick Tock was. And then you guys blew it up, and now everybody's traitorous and. [00:15:16] Speaker C: Well, and I think that's exactly what's going on. I think you're being naive. And it's my opinion. I know I can't say you're naive. I think you're being naive. [00:15:23] Speaker B: You're gonna watch that begonias movie and we're gonna have such a great Conversation. [00:15:26] Speaker C: Don't change the subject. Let me finish with Pete Hegseth. So he, he mentioned soldiers at Fort Leavenworth. I mean, he talked about how people have had issues with following unlawful orders. You know, one of the quotes I took from one of the videos, I don't even know if it's one you sent me or one I looked at. He says that this video, the new one, the Seditious Six, it says here, deliberately manufacture doubt where none exists. I think the climate is too polarized. I think our show ends when the ten pillars end. I think the country's too polarized. And I mean that on a bunch of fronts. I mean, black versus white and gay versus straight, haves versus have nots, blue versus Red, Anthony versus Junior. I think the country is too polarized. And I think the timing of this video was 100%. Yes. Is the video factual? Should you follow unlawful orders? Absolutely not. No, you shouldn't. You swore an oath. You did certain things. You're supposed to be oathful. But I'll tell you what, I watched the video maybe 30 times. The six people talking about this, you probably watched it two or three times. I dig into things. I think that you're being naive in the fact that you think Pete Hexa said the same thing in 26 that they did. And you're a hypocrite because you only hate the six, but you don't hate the seventh. I, I, given the time and given the environment around him, when I dug into the, the forum, when I dug into everything he was saying to me, it's apples and refrigerators. It is not the same thing. I think right now, people that are on the left and maybe the far left. Mark Kelly, I know you're an astronaut. I get that. You've said it enough. You show up wearing little bubble heads, helmets everywhere you go. I think you're trying to stir up stuff, and I think it's dangerous. So I think we end up in this country. I think we end up with a housing market crash. I think we end up with a stock market crash crash. I think we end up with a debt default. I think we end up with a central bank, digital currency. And sadly, through all of that change, I think we end up with civil war. How bad it gets, I don't know. You know what, are you safe if you're, if you're in Glendale or Sun City or Peoria? I don't know. Does it contain to the cities? I don't know. Again, I don't have a crystal ball, but I Think it's dangerous. And I think the climate is such. Where they should have probably not done that video. That's my opinion. And you probably think I'm naive and I'm fine with that. I'm great with that. So I don't care if Pete was on CNN or Fox. I don't care. I don't, I, I don't think you can take 2016 and 2025 and say the climate's the same. I just, I don't see it. So why don't we get back to the show and yes, I will watch that. What is it? Begonia. The movie Begonia. I will watch it and then we'll, we'll get into that. Are we doing it privately or are we doing it on the show? Just so I know what to expect. [00:18:20] Speaker B: And we can do both. We'll see. [00:18:22] Speaker C: Okay. If it gives you a chance to butt heads with me, I'm happy. And you know what? If you're listening, we had a doctor, we had a woman reach out to us probably maybe three years ago. [00:18:32] Speaker B: Yeah, early on she was. [00:18:34] Speaker C: She didn't like the bickering. Apparently she thought she actually said the word break up. Like, are we gonna break up? And it's funny because I hope she's still listening. No, we're not gonna break up. I've been Anthony's stepfather since he was 10 or 11. I never know. I never know. [00:18:50] Speaker B: Death do us part. [00:18:51] Speaker C: Correct. [00:18:52] Speaker B: Maybe sooner. You know, all your health issues. [00:18:55] Speaker C: I'm more likely to break up with your mom than you. I mean, it'll work out well for you. You'll have. [00:19:00] Speaker B: Yeah. More fun at parties than she is. [00:19:03] Speaker C: Well, in all fairness, so is a cup of coffee, but that's. Oh, I forgot. She listens to this, doesn't she? You're like, yeah, you make her. I mean, I do put it on every Saturday at noon, not at 5 in the morning. So we got so much to do. Let's get to it. And yes, that article is on the top of my articles, so if I even get to an article, it'll come out. So let's get to a few general housekeeping issues. The Fed, the almighty behind the curtain Fed, the big giant head, they lowered rates yesterday by a quarter point. We knew they were going to. Yeah, obviously. And guess what? Inflation's not at bay. So I, I don't know if it was a good idea. I, I know the bond market doesn't give a rats. You know what. So I, I mean, what happened last month when they lowered them, you know, the interest rates went up. What's happening so far? Interest rates went up. I think when you're paying, what is it, 11 billion a week or 11 billion a month? I don't know. The numbers are too staggering. Just on the interest, on the national debt, when your GDP is 120%, when your debt is 120% of your GDP, none of this matters. You have to figure things out. Other than just raising and lowering interest rates. It's feckless, it's worthless, it doesn't matter. All it's doing is buying time for the inevitable. We're going to crash. I'm sorry. I'm sorry. Is that a fact? Jared? Did you come back from the future? I'm pretty sure there's not going to be a lot of people that disagree with me, that we're on the wrong track and we're going faster and faster. So you lowered rates. That's great. Quarter point. I don't know. I'll watch my credit card statements. I'll watch closely. I'll see what they say. I'll see if every month, all of a sudden, you know, these, whatever, these ridiculous credit card interest rates are 23% average, whatever. I'll see if they go down, you know, maybe they'll get cut in half now. Because your wisdom guides us so, you know, we ended quantitative tightening. I'm sure you know that. I was on Joe's show last Thursday, the 4th. I'll send it to you if you ask for it. Because it was my first one that I wasn't nervous and I made a boo boo. I said in a show, you know, that we're going to start quantitative tightening. I meant easing. We are done with quantitative tightening now we're going to qe, we're going to quantitative easing. We're going to turn back on the printing press. You know, when Covid was here and everybody was confused and they didn't know if they were an essential worker and they didn't know if they could come within 600ft from a sponge. When that whole thing was going on, we were happy because they sent out stimmies. The Stimmy. When I first heard the word stimmy, I was like, that makes the whole Covid thing worth it. Like, if I die of COVID at least I'm going to go out knowing the word Stimmy. We sent out checks and people cashed them. And then all of a sudden, inflation, not too long after started rising. People are like, oh, shoot. You know, all of a sudden there was an egg shortage. There was a def. Shortage, There was rise in coffee prices. You know, we're paying still for the stimmy. We're still paying. You know, these, these geniuses over in the government, they want US down to 2% target inflation. Apparently they're giving that up 3%. Do you understand what you're saying? You know what? I want negative 20% for a little while. Make it. We're Main Street. You, rich are going to be okay. You people. And I don't know what rich is anymore. You know, when I was new in the financial service industry, it was $1 million. If you made it to $1 million, you were considered wealthy, you were rich. And then, you know, 2008, you had to stop using the equity in your home. You, you know what, what are they, by the way? What are financial services? What is the industry doing with Bitcoin? Gold, you know, that's like a hard asset. Gold is a hard asset. Until you sell it, you don't have it. So if I'm trying to ascertain your net worth and they've told me since 2008, I cannot use any, you know, art, wine, collections, sports cars, your home. Do we have to add gold and silver now? Because gold and silver may turn out to be the only asset worth a crap anyway. So back to, Back to. Let's go back to how feckless the government is. Government, if you're listening, I, I'm. Allegedly, I think you're good, but allegedly, I've heard that you're feckless. So quantitative easing got our stimmy check. Inflation, the inflation, if it's 3% this year, which is not, let's take out food and energy. The inflation, 3% is on top of the 3% or 4% of last year, which is on top of the 8 or 9% of the year before, which is. Excuse me, I'm actually going to die on air today. I'm getting myself all choked up. Inflation is problematic, kids. So you lowered rates. So it doesn't matter. You know what I think that you're trying to grow the economy, I guess. But how are you going to do it by inflation rising when the middle class is struggling? Oh, to finish up the rich. Now, what I've read the last few years, it's 5 million. You know, the people that really know what they're doing. If you have $5 million right now, today, and you're 65 or older, you'll be okay. If you have under $5 million, you better worry. How many people do you know, that have $5 million. I mean, we don't buy demographics lists in our office. So we, It's. I don't know. I mean, I just look at it like everything is upside down. How does all of this end? How does this end? I'm a little bit nervous. Something for you too. When they announced the rate, which was zero, surprise to anybody at all on the planet, the market jumped for joy. You know, I think they need less interest because the interest, you know, debt, the interest payment on the debt is insane. Maybe they think if interest is back to zero, it'll be more manageable, which it won't, but maybe they think that. But the stock market jumped for Joy. Today is the 11th of December. It's about 11:30 Arizona time. I'm looking at again, I'm seeing day two on the Joyous stock market. Let's use the Dow Jones Industrial average because it's my favorite. It's only 30 companies. Perhaps that makes it easy to manipulate. So it's up 618 points on the 11th of December at 11:36. Now it's up 618 points. So the only thing the stock market likes now is cheap money. Is that it? You know, the stock buybacks and repurchasing. The stonks. Sam said stonks. Is that a Reddit term? I love the word stonks. I don't like it as much as stimmy, but I'm not against it. So, yeah, the, the, the, the NASDAQ is down. I'll be real careful when I say that, you know, there's a little divergence. The, the Nasdaq is down 122 points. The S&P 500 is up. So I don't know. So the, you know, who holds all the stocks, the bulk of the stocks, the people with wealth. You know, the, the poverty level. People don't have a lot of stocks. The middle class, you know, they're feeling pretty good about their 401k. So. And I do think if you're feeling pretty good about your 401k, be a little bit careful because I'm going to read one line that I saw in one article that I will get to eventually. In the unforeseeable future, austerity may be the most likely of the six possible outcomes. Unfortunately, here's the part to key into. It will probably come only after a severe case fiscal crisis. The longer it takes for the reckoning to arrive, the more radical the adjustment will need to be. When I read that, when I read that and it's talking about how the country's gonna crash and go away. But when I read that, I was like, that's the stock market. Have you ever heard the thing? The bigger they are, the harder they fall? We have never in history seen anything like these financial markets. Nothing. Nothing even close. Don't give me the Great Depression. 10. Give me Black Monday. Don't give me 2000. Don't give me 2000. [00:26:48] Speaker B: 8. [00:26:49] Speaker C: We've never seen anything like this. Tell me what you think. How is it going to end? Soft landing or bubble burst? With that, I have to calm myself down. So Sam wants us to take a break. We'll be right back. We thank you so much for being with us. So, as you know, we want your show ideas. We want to meet you one person, one couple, one family at a time. We want to get to know you, see if we can, you know, help you or be a second opinion at least maybe even give you questions to ask your advisor if they're doing a good job. So give us a call. 623-523-0444. Again, 623-523-0444 or email us teamnothermoneyshow.com and don't forget, we have a YouTube channel. We now have 415,000 views of Anthony's shorts. So check it out. If you've always wanted to see Anthony's shorts, we'[email protected] look up another money show. We'll be right back. [00:28:04] Speaker A: Another week, weekend, Another money show. Visit anothermoneyshow.com welcome back to another money show. [00:28:12] Speaker C: Thank you so much for being with us. As you know, we're little fish in a big pond and we greatly appreciate your support. I mean, the fact that you people are coming in every week now that hear us that that's just. Is the word cool acceptable for a man in his 60s with a white beard and a pot belly? It's just cool. So thank you. We want to see you. We want to help you. We want to be a second opinion. You know, I want to say I'll do this carefully. Somebody accused me of pigeonholing our office via the show because we're courting people that are more conservative than not. But you know what? The people that are on the same page with me pigeonhole away. If you're worried about the world, if you're not thinking everything's gonna keep being okay forever and you resonate with this show, come in and see us. If you think I'm totally wrong and totally off track, Then enjoy the show because it's, it's entertaining, it's, it's hopefully somewhat informative. But hopefully for all of those of you that think I'm crazy, at least, hopefully you're entertained. You know, what was the old thing about Howard Stern when he was new? His biggest listening base was the people that couldn't stand him just because they wanted to hear what he said next. So if you're listening and you think I'm wrong, or if you think I'm crazy, then hang in there because I'm not done. If we're on for another two years, I'll get crazier, I'm pretty sure. So I want to finish up a few things. Oh, and by the way, always my call to action. If you need help with lifetime income, if you need help with how. What's your plan? Since obviously it's hard to buy traditional pay long term care, insurance. What's your plan? Is it all tax? Is it self insurance? Is it repositioning your assets for a more favorable result? We can help you. If you need to do generational wealth transfer, we know how to do that. So come see us. Let us be a second opinion. My big push right now, if you have an old 401k, we just talked to a guy this week who's got a couple old 403Bs. One was out of state, and I'm like, are you getting statements? No. Have you moved? Yes. Did you tell him? No. You should find it. The pleasant surprise. You know, he's like, oh, it's a little. It's not much. Talked to him yesterday once he found where it was $18,000. I'm like, well, what's it in? Stocks, bonds, money market, you know, stable value. What's. He has no idea. So we want to help you. It's your money next. Your health is probably the second most important thing you're dealing with on this planet. So moving on, I do want to do one quick, you know, resolution of the whole silver thing. Part of why I keep saying you, you may not want to, and I'm not giving you specific advice, we need to sit with you to get to that level. You know, you may not want to sell your precious metals. It's because the dollar and the de. Dollarization and the way that our country's going. But don't forget we're in this huge, huge transformation as a nation into AI, into solar, into EVs. You know, what something all those things have in common. They need silver. The, the conductivity of silver is better than gold and platinum and palladium. So they need silver, they need more of it. They mine gold. You know, gold is the more mined commodity so it's going to be harder to get silver. And as it runs up it's, I don't know, I think it'll just keep going. So anyway, moving on. We, I want to talk for another second about what I think is going to come. You know, everything in life cycles. I think there's going to be a stock market correction one day. I, we've had a 16 year run up in the markets. So I don't know, I want to slam my industry a little bit for a second. You know, we talk to people about being proactive, not reactive. A lot of advisors there's just selling hand over fist. They're just selling, they're talking to you about the things they're supposed to your date of birth, you know, they want to know your age, they want to know your income, they want to know your assets. They want to help you figure out your risk tolerance if you don't know it. And what they're not adding is the world around you. So, and I've been trained just like all the other advisors. When we have the next 2000 or 2008, our job is going to shift over to keeping you calm. I'm just telling you what's coming. You know, they're, they're going to say this is great, you know, you should buy the dips. I'm here to say more importantly, you should sell the peaks. And again, compliance, when you listen to this. I'm not giving specific recommendations, I'm giving you general thoughts. You should dollar cost average out of things. If you've made a nice profit and you think things are one day going to turn, you should do something about it. Don't get stuck in 2007 when my father and I were already dollar cost averaging out people from more riskier stuff. Not the safe stuff. It's funny because it was uncomfortable, but when things happened all of a sudden we were like geniuses, only shorter. And it's funny because then when the dead cat bounce occurred, people are like, see, it's like the big shoe dropped. If you're down in your portfolio 10 or 20%, that's normal. You shouldn't be in the financial markets if you don't have the risk tolerance to lose 10 or 20%. But when people were down 10 or 20%, they didn't want to, you know, they didn't want to do something foolish. So they didn't Want to cut and run then? [00:33:42] Speaker B: Because. [00:33:42] Speaker C: Because that's locking in a loss. So sure enough, the dead cat bounce things came back up and everybody thought we were wrong again. And then the big shoe dropped. And then all of a sudden some of the stuff we saw, not our clients, some of the stuff we saw were down 30, 40, 50%. So I don't know, could that happen again? I'd say be careful. I'd say be mindful of selling the peaks as much as you are of buying the dips. You know, the whole thing about buy and hold, it's dead, it's gone. You know, there's too much high speed, high frequency trading, computers, there's too much insider information. There's stuff going on. So I don't know. You know, we talk once in a while on the show about the plunge team. You want one example to dig into that shows you how unfair and how manipulated the financial markets are. Look up the term plunge team. If the market goes up 20% in one day, they won't stop it. If it goes up 40% in one day, they have no mechanism to stop it from going up. But if it goes down, the plunge team comes out. They literally can stop the market. Look into it. They do it like three times and then if they have to do it a fourth, they stop it for the entire trading day. So it's so rigged. I don't know. And a lot of financial advisors, I don't blame you. I mean, if you're not truly captive, if somebody's telling you what you have to sell, if you have pressure and quotas, you got to keep your seat. You could be the most honest financial advisor on the planet. But if you work for a wirehouse and you don't sell for a month, if it's not appropriate to offer proximity, you don't sell. You're gone. You are gone. They will replace you. So you know, your blue suit, white shirt, red tie, it's impressive. But you are under pressure to sell. You know, we had a conversation, Anthony, two weeks ago with potential clients that came in the office and fiduciary brought up the fiduciary rule. You do realize the fiduciary rule is not in place. So I heard a radio show last week that said it five or six times in a one hour infomercial. They said you have to work with a fiduciary. Tell me more. Because the fiduciary rule is not in place. It came in under Obama, it left under Trump, it came back kind of morphed under Biden. And now it's gone. So, you know, and by the way, if you're managing somebody's health or their money, you should take it upon yourself to act as a fiduciary. Even though right now you don't have to be a fiduciary, you should act as one. Like that's just my thought. I know our office always has. All right, enough of my little soapbox. I gotta move on. So let's see here. What do I get to war in Venezuela? Should we talk more about? And as the war is the regime change, I mean, what's going on with that? Is it really about narco terrorism? Is it really about stopping the drug trade? I would say it's more about stopping the oil movement. Didn't we just, didn't we just go after a tanker? Does that ring a bell? I have a feeling that we don't want any oil leaving Venezuela and going to China or Russia or whatever. So I think that's, I think that's more what people should watch. Magician is showing you his left hand repeatedly. Look at the right hand. There's something going on over there. So watch the stuff with Venezuela. You know, it actually could still get heated and that'll just be one more addition to what I consider World War iii. But we will see. I want to finish up with, you know, what's going on, what's going on with the quantitative easing, what's going on with how our country is getting in deeper and deeper problems. It's from Intella Intel. IntelliNews Pro. Intella News Pro. On the 7th of December, BRICS launch Gold backed cryptocurrency to replace the dollar. The BRICS gold group has launched a working prototype of a gold backed trade currency known as the Unit. I believe I even made immature jokes about the name. As the world's leading emerging markets searched for a way to ditch the dollar, the Institute for Economic Strategies of the Russian Academy of sciences reported on December 4th. Is that the old irias? So the unit is a digital trade instrument backed by a reserve basket composed of 40% physical gold and 60% BRICS national currencies equally weighted between the Brazilian rial, the Chinese yuan, the Indian rupee, the Russian ruble and the South African random. The pilot was initiated which issued 100 units on October 31, each initially pegged to one gram of gold. Let's see here. So you wonder why the central banks are buying up gold like there's only 2% left on the world available. Here it comes. I mean, again, you know We've been shouting, if we make it To March of 2026, it'll be four years of another money show. If we make it. You can look back to all of our episodes. They're available wherever you find your favorite podcast like Amazon or Spotify or Podbean or Google or whatever. So we have been talking to you about how we are going to wind up with a central bank digital currency. We have talked to you about things. Can't even know where they are. Well, it's falling into place nicely. So maybe by, you know, maybe by 2026, we're going to have the unit and they will no longer use a dollar. I know we were disconnected on oil trading with the Saudi Arabia Reserve Compact that ended after 50 years. We brought that to you. Let's see. Anything else here I need to Read? As bne IntelliNews recently reported in a deep dive into de dollarization, the global south have been long unhappy with the dominance of the dollar in global trade, which gives the US a powerful geopolitical lever. But central bankers around the world were freaked out by the imposition of the swift sanctions on Russia only days after Russia's invasion of Ukraine in February. That threatens every country in the world's ability to trade freely. The aim of the initiative is to facilitate trade settlement with without the use of the dollar while also enabling countries to maintain gold reserves within their own borders. All the emerging markets have been aggressively buying gold in the last years. And the unit would make trading gold less cumbersome and increase liquidity of the gold market. So there it is. I mean, there's your game over. And when they get rid of the dollar, when the world reserve currency is no longer US and it becomes bric, it becomes the unit, guess what? We are going to be somewhat isolated. We are not going to be as global as we have been up to this point in my life. And then we have to figure our own stuff out. I'm pretty sure that'll be some sort of central bank digital currency. You know, we're already digital. I mean, don't, don't, you know, I mean, we've made ourselves digital. Go to the Cardinals game and try to buy a beer. You know, you better have plastic with you. By the way, Sam, Anthony, you're both real quick researchers on the old Internet. Look up something real quick and tell me if you think this is funny or not. Why do Arizona Cardinals fans drink more alcohol than any other team? I just heard this this morning. I heard that they had a fact. Well, that's why I'm asking you to pull it up. I heard it this morning on the news, just on the news radio. I haven't pulled it up. I haven't researched it. Didn't have time. But it said that they tracked all 32 stadiums and the number one for alcohol sales are Arizona Cardinals fans. And I thought about that briefly and I thought, why would the Arizona Cardinal fans drink more than any other team? Because they have to. Have you ever seen an Arizona Cardinals game? And this is coming from a born and raised Chicago Bears fan, the Cardinals. I mean, you better drink it if you're going to a game. I would say you better drink at your house when you get up. Then you better tailgate drink on the great lawn. Then you better get into the stadium and pull out the debit card and drink more because it's Cardinals. If that's true that the Cardinals fans are the heaviest drinkers in the NFL, that's just priceless. That's golden. What other financial show is going to give you that inside information? So when you're at your Christmas cocktail party, you're going to have that to throw out for people. They're being like, no, obviously it's Wisconsin. That's beer. It's all Wisconsin. No, it's Arizona. So although half of the Arizona people that grow the games have other teams jerseys, so maybe they're all from Wisconsin. Should we move on? I want to do something really different. I don't know if this is a good idea or a bad idea, but I'm going to do something different today. Okay, how do I dig into this? First of all, I want to talk about Facebook for a quick second. Facebook. Most people my age know it's a dumpster fire, it's a train wreck, whatever you want to call it, it's, it's, it's really instant gratification. It's a time suck it. You know, it makes people want to compare themselves to others. There's a lot of negative about Facebook. Let me give you a little bit of a positive slant too though, on Facebook. One, we are a little fish in a big pond. I say that every week. I think we need to have a presence on social media at Rochford Associates. You know why? Because even people in Sun City, when somebody tells them about us or when they hear a radio show, when what's the first thing they do? They do some research before they want to meet us. They make sure we have a website. My dad never understood that. I was working on getting us a website for years. [00:43:18] Speaker B: We should make sure. We have a better website then ours is not. [00:43:21] Speaker C: Our website sucks. Yeah, the guy that we talked to from Colorado said yesterday your website's not. Not up to speed. No, we do need to do some work on our website. But we have websites. They can find out we're legitimate. We have a presence on Facebook because a lot of people my age, you know, it's not young people. Anthony, you're not on Facebook much. You're on Instagram or whatever else you go on. You know, people in their 60s are on Facebook, pictures of their grandkids, that sort of thing. [00:43:44] Speaker B: I'm on Facebook right now. I'm shopping for more project cars. [00:43:48] Speaker C: Perfect. Here on Marketplace. Need a plug for Marketplace. Hey, Zuckerberg, we need sponsors for the show if you want to plop down half a billion. We'd like to grow the show into a syndicated nationwide platform. We want to be like Michael Gallagher. Be on your radio every day, Monday through Friday. [00:44:04] Speaker B: So, like, buy a $5,000 car, put $10,000 into it, make it worth 4,000. [00:44:10] Speaker C: Sounds like. And you're a conservative financial advisor in Sun City. That's perfect. And when I say conservative, I mean financially, not. [00:44:17] Speaker B: I can't give great financial advice as long as it doesn't involve project cars, then I'm absolutely terrible. [00:44:24] Speaker C: That's perfect. And I like to play poker. [00:44:26] Speaker B: At least we know our limitations. [00:44:28] Speaker C: Correct. And we're honest about them. So, anyway, so back to Facebook for a second. So I read something on Facebook. Are you good with Facebook or it's not your thing? You know, one more thing before you answer that question. Facebook for people. Hear this out. It's a really good barometer of our society. There's a lot of people on Facebook. If you really want to know what people are thinking. You know, if you want to see it all, go on Facebook. The only problem is if you go in there for five minutes to look something up, you'll be on there half an hour. But, Sam, you're not a fan, are you? [00:45:03] Speaker D: I don't use. I don't use it. I really don't use any social media. [00:45:07] Speaker C: So rare. That's rare. Especially at your age, so. And why don't you use any social media? What's the. Are you too busy or. [00:45:16] Speaker D: Mostly, there's just other ways I'd rather spend my time. [00:45:21] Speaker C: It's kind of what it comes down to. And that's so funny, because most people are the opposite way. I watched Jay when I was Jay's age. I was out on a dirt bike. I was out on a motorcycle. I was on a snowmobile in the winter. I wanted to be outside. We used to climb over people's walls and go swimming in their pool at night. This is before everybody had a camera and everybody needed a personal liability umbrella policy. So things are different. My son would rather be on social media or video games than do anything else. He sees his friends here and there. He spends most of his time behind a screen. So things are changing, which it's more rare what you're doing anyway, so I. I guess I'll get to what I'm this is where I'm going to go kind of outside of the box and do something different today. I want to read something that I read on Facebook. I read it and I thought, yeah, yeah, yeah. I mean it's. It's okay. And then I saw it from two other people and I thought, well, I mean a lot of people on Facebook have seen it then because three different people that I'm friends air quotes I'm friends with have put this out. I'm going to read it. It's a little bit lengthy, but I'll read as fast as I can. And then I just want to know what you guys think about it. Let's see here. So this is what the truth looks like. I make $55,000 a year, Sam put up. We only have eight minutes left in the show, so I'll try to read this in one minute and then have you rebut for a minute. So this is what the truth looks like. I make 55,000 a year and I'm broker than my 75 year old grandpa. Is that a word? Broker? To save myself from my eighteen hundred dollar a month studio apartment, I had to move into his basement. This wasn't the plan. The plan was a downtown loft, happy hours and a vibrant social life funded by my new marketing degree. Instead, I'm in suburban Ohio, sleeping on a 1980s sofa bed in a room that smells like cedar wood and mothballs. It's just temporary, I told myself, clutching my artisan iced coffee as I hauled in the last box. That stuff costs five bucks? Grandpa Frank asked from the doorway. He was holding a steaming mug of black instant coffee that look thick enough to pave a driveway. It's 7:50 gramps, I corrected them, and it's a small luxury. I worked hard for this job. I deserve a treat. Frank just grunted. You deserve to pay off that $40,000 school debt you keep complaining about. I just drink coffee. You drink a car payment. Living with Frank was like living with a Ghost from a history book. A very judgmental history book. His house was a museum of thrift. There was one television, a small buzzing box he had owned since my dad was in high school. He got three channels with an antenna. I had subscriptions to four different streaming services on my laptop, which I paid for by browsing more than actually watching. Why are you paying for all those shows? He asked one night, squinting at my screen. Its choice. Gramps Options looks like a waste of time, he said, turning his attention back to the local news. The real flashpoint was food on a Friday. After a brutal week of spreadsheets, I was exhausted. I didn't want to cook. I wanted convenience. I opened my favorite food delivery app and ordered a $28 artisan burger. I presume he means $20 with tip and delivery and all that. When the delivery driver pulled up, Frank was on the porch. Of course he was. He watched. This is so me. I am Frank. He watched me take the bag like I had just committed a felony. That night he was eating what he called whatever's leftover casserole, which appeared to be left leftover. Hot dogs, some beans, and half an onion baked. It looked awful. It probably cost $2. Must be nice, he muttered, spooning the brown sludge onto his plate. Eating like royalty. It's just one burger, Frank, I snapped, Stress of my own loan payments boiling over. The economy is terrible. Inflation is insane. I can't even afford rent. You guys had it easy. You bought this whole house on one salary. Frank put down his fork. It was at the it was the first time I'd seen him look genuinely angry. Easy, he said, his voice dangerously quiet. I started at the steel mill at 18. I worked 12 hour shifts 6 days a week when inflation was 10%. In the 80s. My mortgage rate was 14%. I didn't eat artisan anything. I ate bologna sandwich every single day. He pointed to my laptop. You got a twelve hundred dollar phone? My phone. He gestured to an ancient flip phone in a cradle by the wall. Makes calls. You got a tattoo sleeve that costs more than my first car? My tattoos. He rolled up his sleeve to show a faded blue anchor. Got this in the Navy. It came with nightmares, not a payment plan. I felt my face flush. So what? I'm just supposed to be miserable? You're miserable, he barked. You're not miserably barked. You're just soft. You kids want the reward without the work. You want the house, but you won't give up the $7 coffee. You want the financial freedom, but you pay $28 for a burger because you're too tired to open a can of soup. He walked over to his old roll top desk and pulled out a small vinyl bank book. He tossed it on the table. It was a passbook for his savings account. I opened it. The balance made my stomach drop. From his factory pension and Social Security, this man who lived on canned soup and instant coffee had saved over $280,000. I looked at the balance. I looked at my phone, still open to the delivery app. I looked at the $9 remaining on my $28 burger. Frank picked up his plate of leftovers. You're right, Alex, he said. Head into the kitchen. I bought this house on one salary, but I also didn't have 47 subscriptions, leased cars, or emotional support smoothies. He stopped at the door and looked back, his eyes drilling into me. You don't have an income problem. You have an expense problem. You're not poor. You're just paying a subscription to act rich. That's what I wanted to read. What are your thoughts, kids? [00:51:48] Speaker D: Well, I think it's very well written and paints a picture of generational differences. I think there's plenty of people who are living like the young person. [00:52:01] Speaker C: But. [00:52:01] Speaker D: There'S also plenty of people who are working hard like the old person, both young and old. It seems like that post was written up to like generate a bunch of comments from like an older generation that's on Facebook and like share it and support it and put it out there and like kind of dunk on younger people. And that's like a very good example of why I don't spend time on social media because I'm one of the young people who's like busting his ass. [00:52:29] Speaker C: So that's how I feel about it. I love what you just said. And you know what I'm going to interject right there. You and Anthony are going to be collateral difference, collateral damage to what's coming. You two have good jobs. You two are focused. You two don't spend a lot of time on social media. Anthony said something during the break that I keyed into. I said, why don't you bring your friends and let's meet with your friends and do financial planning. You know what Anthony just said literally 10 minutes ago? My friends don't have any money. He's just said that. So Sam, you are absolutely correct. This is a get off my lawn old person, you know, tirade that has nothing to do with anything. Today I see it from a different point of view because I am old and I Look at some of the people I see around me that are younger and I see the tattoos. I am with a group of people every Friday and I'm always asking them to come and sit with me. And some of them have to have their sleeves down because the tattoos. I, I know what their phones are like. And they all say the same thing. They can't come in because they don't have any money. I would love to know how many have Amazon Prime, Netflix. 2. I, I want to know more about younger people, what they think you're missing. [00:53:30] Speaker B: The point of what Sam said though is that that story is written to get someone your age to just bash everybody, the younger generation, because isn't the problem. A $7 shake isn't the problem. Like there's so many other larger key issues, but it's just so easy to sit and be like, bash everybody that's younger than you for lifestyle choices that they're making. [00:53:56] Speaker C: Don't say everybody because that's, that's too sweeping. I mean, don't say everybody. Say a select people. My first mortgage was 11.95% in the 90s. [00:54:05] Speaker B: Yeah, but you got, and, you know, 7 or 8% and savings funds. [00:54:10] Speaker C: No, I didn't, I had no money. I didn't have any money to put in savings. I was young, working my butt off trying to, you know, I got out of the military. I was working a part time job at night in a bar. You know, I was working in a bar to get extra money. I mean, no, I didn't. You know what? Somehow we ran out the clock. If you want to continue this next week, I'm good with it. I did exactly what I set out to do. I wanted to make sure we still had a difference of opinions. But yeah. Anyway, that's it. That's it for today's show. Anthony, take us out. [00:54:36] Speaker B: Yeah. If you like what you heard, have questions on any of the topics today. You want to sit down with us to review your personal financial situation or if you want junior to read to you more posts from Facebook, you can reach us at teamothermoneyshow.com find us on the web. Anothermoneyshow.com you can book appointments straight from there. Give us a call, 623-523-0444. The number again is 623-523-0444. There's 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. At noon and at 5am right here on 960 the Patriot. [00:55:21] Speaker A: 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 services offered through Brookstone Capital Management, LLC, BCM, a registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.