The Real Cost of Washington’s Spending Spree

[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy. [00:00:18] Speaker B: This is another Money Show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Corayo and J.R. ratchford. [00:00:41] Speaker C: You're listening to another Money Show. I'm Anthony Correo, this is J.R. rachford. And here we go. We're ready. You ready? [00:00:49] Speaker D: Me? [00:00:50] Speaker C: Yeah, you. [00:00:51] Speaker D: Yes. [00:00:51] Speaker C: That was the intro. Now we're done. [00:00:53] Speaker D: All right. Something different this week. Is that where we are? Yeah. That was nice. I like your script. [00:00:58] Speaker C: I had the piece of paper to read off of too. It just didn't feel. I don't know, it seems weird starting and ending the same way every show does it. [00:01:05] Speaker D: No, I think people like consistency. Like on a lot of shows, I expect the same intro and outro music because I've heard it so long. Like our buddy Joe over at the Other sisters Salem Station. 10:10am we saw Joe. I guess I'll start out with my shout outs. Joe came to our West Valley men's network in happy hour. So he's been there a few times. So if you want to meet Joe Jaquint, I mean this to me, this guy in the financial world, this guy is a superstar. So anyway, shout out also to the city of Snowflake, Arizona. I was up for a week. I had 4th of July up there and had a great time. Saw a bunch of our friends. You know, we've got little friends we meet up with every time and we took a friend slash client up with us this time. So I think she had a wonderful time too. We, we, you know, braced her for like relaxation. We told her we play cards and, you know, we sit around and watch movies. We were on the run. I mean every single day. We were in show low. We were, I mean, Heber overguard craft fair. We went to Holbrook for fireworks. We were all over the White Mountains. So she did not get to relax. I'm guessing the day she got back, which was Monday. I'm sure she needed Monday and Tuesday off just to recover from her relaxing vacation up north. Anyway, so this week we've got a lot to get to. I know you hear me say that every week, but you know what the thing is every week we have a lot to get to. I our show. Anthony usually says, you know, it's, it's stuff you might not hear on those other money shows. That is 100% true. We are not an hour long commercial. We are an hour long sounding alarms show. So our, our mission is to make sure you're proactive and not reactive. We want to make sure you're prepared and not scared. The world has a lot of uncertainty right now. There's a lot of potential problems, a lot of pitfalls and we bring them out. I realize we lean. The show leans towards a negative side and I always tell people, I thought. [00:03:05] Speaker C: You were going to say to the left. [00:03:07] Speaker D: To the left where we definitely lean to the left. I mean we're, that's our thing. So we're, you know, we're on the patriot, we're on 9 60. So we, our audience expects us to be very left leaning. So we don't want to disappoint them. So yeah, I mean if you've listened to any length of time, you know, this is definitely not a political show but yeah, you probably can figure out which way we think things are more comfortable and better, you know, so, you know, one of the things. Where was I? Anthony, this is so different without your intro. I don't even know where I am today. So one of the things I tell people, I'm not an optimist and I'm not a pessimist. I'm a realist, I'm a researcher, I'm a sponge. I take in information and how I judge things. I look back 5, 10, 20 years, then I look forward 5, 10, 20 years. Do I think things are going to be better, the same or worse? And if you've listened to us for three years, you probably know I am short term, extremely pessimistic, long term, I am somewhat optimistic. And you know what the only reason is because I have to be. My wife. Sandy and I, we have four boys. We have Nick, Anthony, Jay, and you're always going to be my favorite, Sam. So we have, we have to think about the future generations. Not just for our small family practice, Roched for associates, conveniently located in the West Valley. But I mean, you know, for my family, you know, Sandy wants grandkids. That's one thing that throws people off. Sandy wants grandkids. All the people our age have grandkids. And I'm like, no, no. Would you really? If you love kids More than you love yourself, which everybody that's a parent. Well, most people that are a parent, you know, they understand that. No, because if you care about some, you don't want them to see what's coming with Medicare, Medicaid, Social Security, politics, borders, health care, you name it. So I'm, I don't want grandson. I mean I do, I want grandkids in one way but you know, the big picture. No, I'm absolutely happy that none of the four, at least so far having grandkids. Sam, you're probably the best. Hope you're, you're probably first then Jay. So Anthony, your mom wants you to have grandkids because you're the best looking by far. So sorry, I couldn't say that without. Let's move on. Let's get into the show. So we talked last week. We did this show, we recorded on Tuesday, it aired on Saturday. So we wished you a happy fourth of July. Obviously I unplugged up north, but I did kind of keep my eye, make sure there's no, you know, no craziness on the 4th of July. It was very quiet. I mean everything came and went. I had mentioned that I didn't think anything was going to happen but I didn't rule it out. But my biggest fear was Monday, Tuesday and Wednesday of this week. We're recording on Thursday, the 10th. But there was a big BRICS meeting in Rio de Janeiro on the 7th and 8th, concluded on the 9th. So far I'm not sure the results. I mean I've been watching it. You know they, the BRICS nations invited Mexico and that is the biggest change, you know, that will affect us that I've seen. I know that Trump did slap a new tariff. If anybody joins the BRIC nations we're going to apply on whatever tariff we're going to give them anyway. We're going to apply an additional 10% tariff on anybody in the BRICS. So what, what I get so far out of that meeting and it might take weeks or months to hear what really happened. What I've got so far is that they are not working on a BRICS currency like a gold backed BRICS coin or whatever. They're not doing that. They're, what they're doing is they're basically setting everything up to make sure that the nations that join the BRICS can trade, you know, cross border in their own currencies. There was a pretty big influx just. [00:06:54] Speaker C: Like we're not working on a, a new digital currency in the US dollar and we're not building up the. The FedNow system. Is that the same kind of. We're not doing it. [00:07:04] Speaker D: Well, the Fed now, I mean, boy, we talked about that a lot two years ago and what happened, that fizzled out. But you know what? The Fed now is silently still in place. We, this country, and I'll separate it from my conversation. We are still heading towards the central bank digital currency. That's how all this ends. You know, in the meantime, we're going to have the stock market collapse and all that. But how it ends, we get our own cbdc. But to, I mean, I think what, you know how to answer what you're saying. What they're doing is they're going to make sure the entire globe, like there's what, 193 countries, I believe it is. They're going to make sure that basically they start taking the entire globe except for the United states. They've been de$izing us. You know, we've been a part for the oil compact with Saudi Arabia. They're trying to isolate us, they're trying to grow. I did look at who joined this year and there's 11 new countries who joined now was Indonesia, Belarus, Cuba, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Vietnam, Uganda and Uzbekistan. [00:08:12] Speaker C: Well, I can't imagine why Cuba and Vietnam wouldn't want to team up with America. [00:08:18] Speaker D: Well, yeah, right. So Cuba's so close, we could actually throw central bank digital currency coins at them. They're close. [00:08:25] Speaker C: We probably throw some missiles over there too. [00:08:27] Speaker D: We probably could. I mean, we're. Except we're not a country that believes in nation building or annexing or any of those stuff. So. Yeah, I mean, we need to trade them for like 1968 Ford Mustangs with 289 Boss engines and 760 Holley double pumper carbs and so. And cigars. I always heard that, you know, the big thing was Cuban cigars are the best in the world. And then as people started being able to bring Cuban cigars and I heard, no, they're not really that good. Like the best cigars are not from Cuba. Anyway, moving on from that. So with the bricks, no big news yet. We're still waiting to hear what's gonna happen when I say that they were gonna slap a 10% tariff on the BRICS participants. Here we go again. This past week, tariffs is a conversation again. Starting August 1st, there's like a 50% tariff on copper. So copper and silver seem to. They go hand in hand. A lot of. So what if you're a silver owner, watch your silver that might be good for silver. Copper is in a lot of things. So, you know, this, this, we'll see what happens. So the tariffs, I'm tired of it. You know, the last six, seven months, the tariff talk, the market had that tantrum that rebounded instantly. But the tariffs, we'll see what happens. I mean, you know, Anthony, you pointed out, as long as the reciprocal, we're going to be okay. So good. I mean, we'll see what happens. But the tariffs, you know, that conversation is an unknown. A lot going on in our country. Flooding in Texas, you know, at the happy hour, we talked a little bit about flooding in Texas. It's funny because we have a friend that went to the meeting named Kevin, and he's like, it's Mother Nature. It's, you know, a couple times, you know, here and there, there's a big storm. That's what it was. You know, my thing was, ah, Are you sure it's not cloud seeding? They just, they did cloud deceiving with two clouds and those clouds collided and, and the seeds all spilled out. I mean, so, so who knows? But the thing with Texas that I kind of what piqued my interest, you know, I mean, things happen, whether it's at Mother Nature or the government. I mean, who knows? My, my tinfoil hat is, is always ready to be on, but it's not really on for that one yet. What, what sucks? Some of the vile comments I read and, and I, you know, geez. And I will tell you, I mean, everything that I seemed to come across was people on the left side of the political spectrum. But some of the comments about, if you, if you're a maga, if you voted for Trump, you know, your kids deserved it. I was like, I couldn't believe what I was reading. So if you, if you looked into that and you read some of the commentary, it's absolutely disgusting. I mean, you know, when we get to be a country where the political division makes what, one side of the aisle, one other side dead, that's pretty far. That's something. I don't know how we get back from that. And I've been saying that for three years. You know, I do think we end up in this country in a civil war. I do think we end up splitting up. And I think a lot of it is over political lines, unfortunately. But anyway, that flood, I mean, apparently there's like 170 people still missing, over 100 dead. I mean, it's, it's, it's not good. It's tragedy. So moving on from there. Should we talk about money for a little bit? Stuff going on right now with the stock market. I know AT&T, if you've had a cell phone or whatever with AT&T, $177 million class action lawsuit. So watch your mail. You know what I hate about class action lawsuits? You get the postcard or whatever in the mail and you always have to jump through 14 hoops. It's like, I wonder how many people never ever, you know, do anything with that postcard. Because it's a hassle factor if, if you got your data breached or hacked or whatever. And I had phone during the time period that you had. Just send me a check and I'll try to figure out if I can take to the bank and cash it or if it's a scam and I'm going to shred it. But you know what? Just send me a check. Don't send me a postcard from the attorneys that wind up getting rich and I don't ever get my $14.17. So I hate class action lawsuits. [00:12:23] Speaker C: But anyway, if you're with multimillion dollar lawsuits, when you start dividing back by all the victims, it's a very, very, very small number. [00:12:31] Speaker D: It is. And it's, I mean, you get them from everybody, you know, phone companies, T mobile, whoever they're, you're all going to get one anywhere. But it's, it's, you know, that whole. [00:12:39] Speaker C: You listen to another money show between the years of 2022 and 2025, you may be entitled to financial compensation. [00:12:48] Speaker D: The world did not collapse as J.R. thought. Did you listen to Anthony and thought he was smart and Jer was wrong. Oh, Dewey cheat him and how now. So, yeah, we don't really have to. We don't really have to worry about that because everything I say is true. Allegedly. So anyway, so AT and T, big class action. So watch your mail in August because apparently it's coming. Nvidia. You know, we heard yesterday Nvidia became the first company worth over $4 trillion. So that's kind of first company ever. Ferrero, the candy people, they bought Kellogg. That's kind of popping the markets today a little bit. So that's a pretty big. That's a pretty big merger. Unfortunately, it makes the grocery world even smaller again because now Kellogg is part of a bigger company. But so a lot of stuff with the stock market. I did come across an article from the Daily HODL on the fourth of July. See, you know what? If you're listening to us, you need to know Something we never take a day off, even if I'm on vacation up in beautiful snowflake. I am looking for information for you. So on the 4th of July, I found an article Daily Hodl. Billionaire Warren Buffett pumps $459 million into a single asset after dropping bank of America, JPMorgan Chase. Let me just read a little bit of this. So Warren Buffett, who we've been talking about for two years now, selling Apple, selling his B of A stock, Warren Buffett's sitting on a pile of cash. I think, Anthony, you found that he's got like, he owns like 5% of the government treasury bonds or some ridiculous thing. So Warren Buffett, isn't he getting up there in age. I thought his kids were gonna take over his, his business now. So let's see here. Billionaire Warren Buffett is pouring hundreds of millions of dollars into a single investment. After creating a huge cash pile by steadily dropping. He wasn't drumping it. He was dumping shares of bank of America, JP Morgan Chase and Wells Fargo, Berkshire Hathaway's largest or. I'm sorry, I'm. You know what, Anthony, I think I've been drinking iced tea this morning. Berkshire Hathaway's latest Form 13F filings show Wall street legend bought 20 million shares. And I'll preface this. We are not giving you stock advice ever, ever on this show. We're just reading articles on what other people are doing. So this is certainly not us trying to give you any kind of a recommendation. So Sirius XM in Q3 24. You know, don't forget, Anthony, when you new in the job, when Warren Buffett bought a ton of Apple stock, this information doesn't get out until after he's bought it. So somebody like him that can move the markets, you know, it's easy to become a millionaire if you start out with millions. I mean, when you have the kind of money that this man has, if you like the, the books for a company, you can buy the whole company. So most of us can't do what he can do. But just remember when you hear Warren Buffett bought this big massive amount of Sirius, if you're going to run out and buy it, he's already bought it. So it's likely that, you know, he, he's gotten in at the lowest you're going to get. But with that said, let's see here. And then he bought. [00:16:06] Speaker C: Well over the last five years, it's down 56%. Year to date though it is up almost 8%. So it's clawing its way back. But, but everything. I don't know anybody who has Sirius XM outside of the free year you get when you buy a new car. It. [00:16:27] Speaker D: Right. I mean it's kind of everybody's gone to Spotify and other forms of music, I thought. But let me go a little further. [00:16:34] Speaker C: Maybe the company owns something else. There's got to be something to it. I mean, he's not a dumb guy. He's gonna buy it if there's, there's, you know, something backing as justifications. I'm just very curious as to what that is. [00:16:47] Speaker D: And I couldn't find it, so. And now he owns 35% of the company. So. Yeah, I mean, you're right. He's, he's a value investor. Let's see here. His total Siri holdings are a whopping 119 million shares worth about 2.9 billion at the time of publishing, accounting for more than 35% of the company's shares. The purchase is an attempt to buy the dip in the satellite and online audio entertainment service company. The stock has dropped about 45% from its 52 week high of 4160 to 2429 at the time of publishing. I did look at it last night and it was, when I looked in, it was at $24.26 a share. So I don't know. I mean, you know, if this news is just getting out, are all the sheep going to follow and buy this stuff and then maybe it'll go up to 30, I don't know. But you know, Warren Buffett is known to be the best investor on the planet, you know, and again, I still think it's easy to get millions when you have billions. But he is. [00:17:51] Speaker C: Buy the Berkshire Hathaway B shares and then you let him do all the investing for you. You don't worry about it. [00:17:57] Speaker D: But then he's going to retire and his kids are going to run it into the ground just like when you join me. Seven years you've been running my practice in the ground. [00:18:04] Speaker C: So here we've only seen bigger and better things. [00:18:08] Speaker D: Yeah, you're right. You're right. You've been a godsend to me. The office is totally different and it's much better now. [00:18:13] Speaker C: Oh, now you're gonna get struck by lightning. [00:18:16] Speaker D: Now I'm a liar like your mom. Did she ever bring Danishness in this week? So, moving on. It was nice having Sandy come on for a minute last week. Nice to meet the Sandy. Make sure you come in her office and meet her in person, she is a sweet person. [00:18:28] Speaker C: She's a real, real bundle of joy. [00:18:30] Speaker D: Oh, wow. So gear from Warren Buffett to other wealthy people. Sam. Sam put up. SiriusXM owns Pandora now. Is that a music service or is that a box? Because I am old. [00:18:45] Speaker C: Yeah, that was like being able to choose the music that you wanted to listen to before Spotify, but you didn't really get to choose. You got to choose an artist and it would make a radio station around you. It was huge for a while, but, you know, I think a lot of people made that switch to Spotify and now it's just. I don't know. I like being able to choose my songs. [00:19:04] Speaker D: I look at it like Sam might be slamming me a little bit. He said, it's music for old people. I'm gonna make a post on my MySpace page about what you just said because that bothers me. [00:19:13] Speaker C: Pretty sure Blink 182 is now on the classic station. So I don't know how you feel about that, Sam. [00:19:19] Speaker D: No Muzak. When I. When I hear music at, like, you know, retail stores, I'm like, holy cow. That. That's cool. FM is now playing like George Thorogood. I'm like, what happened? How did I get this old? So let's do this. Let's go to another daily HODL article. Super rich clients of JP Morgan Chase looking to park wealth abroad amid geopolitical uncertainty. JP Morgan Chase's wealthy clients are reportedly moving their wealth overseas in a push for diversification. As the geopolitical climate becomes uncertain, becomes. It hasn't been uncertain until just recently. The bank is revamping its private banking arm in preparation to serve its richest customers who are looking to spread their money around the world to protect their wealth. That's according to the Wall street journal reports. JP Morgan's service requires a minimum balance of 10 million from clients and caters to investors who. Who no longer want all of their wealth to just sit in their main country of residence. In addition, investors are reportedly becoming more concerned about the war in the Middle east as well as America's trade war against other markets, prompting a migration of wealth. All right, so normally that article would be like, okay, that's great. You know, people with 10 million up, they can diversify. These are the people that have had offshore accounts forever. These are the people that do move money out of this country. Here's the problem. We're 37 trillion in debt. The BRICS nations are pushing us out every single day. They're doing more to push us out. So if people are taking money out of this country and putting it in other countries, it's further taken money out of our banking system, out of our country. So I look at it like maybe, maybe it's not going the right direction in ways we hadn't even thought about. Speaking of the rest of the world, you know, we have a few minutes before break. I want to talk about something that I don't know if it's necessarily, you know, what is financial? Everything we talk about I can intertwine with finances. Mexico. Are you watching Mexico City? You know, Mexico, the people that were invited to join the brick. So we'll see what they do with their, their peso soon. But Mexico City, they're protesting, it's getting violent. I watched a ton of videos and I was shocked what I was seeing. We have a friend named Terry, I shouldn't say her name. We have a friend who lives in Mexico and she's in Mexico. She won't be listening this, but anyway, I hope her safety is okay. I'm not going to say what city she lives in. She is not in Mexico City, so I'm not imminently worried about her. But she's. Yeah, she's southwest of Mexico's. So anyway, one article I found was from Zero Hedge on 6 July, says here, Mexico City protest against American expat invasion turns violent. In a role reversal that underscores a universal resentment of economic and social impacts caused by a major influx of foreigners, demonstrators marched in Mexico City on Friday. This was just last Friday, by the way, to protest against the city's status as a hot new residential destination for American expats and remote workers. Though it started peacefully, many demonstrators turn violence with some of them accosting Americans and smashing the restaurants, banks and other businesses that cater to them. Angered by soaring rent, they they rationally blame on foreigners. Hundreds of protesters, hundreds march through Condesa and Roma, two neighborhoods that are particularly popular with Americans living or visiting Mexico City and proceeded to the US Embassy and to a metro station. Their signs expressed a variety of sentiments. Let me just read a few gringo Stop stealing our home. Mexico for Mexicans. Pay taxes, speak Spanish, use pesos or get out of here. Death to the neocolonizer. Your new home is an invasion. Gentrification equals neo colonization. To gentrify isn't progress, it's dispossession. We shouldn't feel like foreigners in our own land. Video captured protesters screaming at American looking tourists as they sat at a sidewalk eatery and a man spray painting Kill a Gringo on the wall of a building, while I shouldn't chuckle at all. And by the way, this city that our friend lives in in Mexico, they've got about. It's a small town. They've got about 11,000 residents. Half are U.S. canadian or British citizens. So there's a lot of non Mexicans in Mexico currently. Let's see here. Anything else important? While many of the angry sentiments directed against Americans in Mexico City mirror those that might be voiced against illegal Mexican immigration in the United States, there's one enormous distinction that can't be ignored. The Americans in Mexico entered the country legally. My whole. And it was interesting to watch the videos. The reason I bring this up, the irony. The irony. We got what, 20 to 50 million Mexicans living in the United States, are they, you know, if you go down to like 35th Avenue and McDowell, if you go to certain cities in the Phoenix metropolitan area, believe me, it looks like Mexico. I used to work on Waletta and 27th Avenue. It looked like Mexico in the 90s. So trust me, the, you know, taking over the city has happened here too. And now you don't like it when it happens to you. Come on. So you're right, Anthony. We need to take. [00:25:04] Speaker C: Pretty sure those are all mostly Americans living over there, but I get it really on. [00:25:09] Speaker D: We need to take a little field trip away from Sun City and let me show you where I used to work. Yeah, I'll tell you what, anyway, we got to get to a break time. I've got some good articles for after the break. It's up to Anthony if we keep talking about racism and open borders and that sort of thing. So please reach out to us. 623-523-0444 or email us teamothermoneyshow.com we'd love to sit down with you, be a second opinion. We've had three appointments in this past, what, two weeks from radio listeners and we, we just, we love that. We appreciate it. Got a woman coming in this afternoon, as a matter of fact, that's a loyal listener. So keep it coming because we love meeting you people. And don't forget to check out Anthony shorts over at YouTube. We're on YouTube.com another money show. That thing's got over 300,000 views. So help us, like subscribe. You know the drill. We'll be right back. Thanks so much for being with us. [00:26:04] Speaker B: Another weekend, another money show. Visit anothermoneyshow.com. [00:26:18] Speaker A: Registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to make full disclosures of any conflicts of interest, if any exist. Refer to our firm brochure the ADV2A page 4 for additional information. Any comments regarding safe and secure products and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered by PWA. [00:26:53] Speaker D: Hi, I'm JR Rachford, host of another money show airing Saturdays at noon on 9 60, the Patriot. If you've heard our show, you know it's more news based and how current events could affect your finances versus actually telling you what we do. I'm going to tell you what I've seen time and time again to be the very key to a happy retirement and that is income. You would think that those without much money in retirement are the only ones worried in retirement retirement. What I consistently see is that those with large sums of assets are also just as worried. That worry always comes from the fear of running out. Stop worrying about your assets. Assets come and go. Income is forever. I believe self funding pensions are the key to a happy retirement and I can help you do it. Reach out to us at 62352. That number again is 623-523-0444 or find us on the web at anothermoneyshow.com Remember. [00:28:00] Speaker A: All of JR and Anthony's listeners receive a free financial consultation just for listening to the show. Visit anothermoneyshow.com to learn more and schedule an appointment. Thanks for listening to Another Money show and subscribing wherever you listen to podcasts. [00:28:14] Speaker D: Welcome back to Another Money Show. Thank you so much for being with us. So you know, I've been saying it lately, but if you wonder if your big wirehouse, if the big company that you have help you with your finances, if you're wondering are they ready for another 2008? If you ever wonder if everything's in your best interest, whether you hear the word fiduciary or not, you know, keep us in mind. We're a small family practice, fourth generation veteran owned. I mean it's a totally different animal. We don't have the pressures and quotas of the big people, you know, and maybe you look at it like, well then you're not going to have access to the same products and the same knowledge that that is not the case. We are fully independent. We have access to the same products as other people. Actually, I've got a client who is a dual client with me and an Edward Jones rep. And there was a product that fit her nicely. They didn't offer it. I'm not going to say her name or anything like that. So I guess I can say what the product is. They did not offer a CD alternative in a one year term and we can help people with that. So this person has money at two different firms, a small family practice and a large financial firm. And we were able to complement what she did. We're not poachers. We didn't steal the money from the other place. We think as long as everything's done above board and done the right way, good you can have more than one rep. But we do want to have you keep us in mind if you want a little more personal service and you want somebody to know who you are, keep us in mind. So moving on. Got a couple more things. You know, we're not going to spend any time today to speak of on the big beautiful bill. I'm still undecided on that one. But I'm leaning against it just because we are broke. We are 37 trillion in the hole. Broke is zero. We are way worse than broke in this country. So. [00:29:56] Speaker C: But I came across last week too. It's so big, just like all these bills. So there's gonna be good things, there's gonna be bad things. But do the good things outweigh the bad things or the bad things outweigh the good things? And that's the conversation which is incredibly difficult. [00:30:12] Speaker D: It's bad. [00:30:13] Speaker C: Everything is bad. Everything is always bad. That's the moral of the story. [00:30:17] Speaker D: And the market can only go up. [00:30:18] Speaker C: Market only goes up. Everything is bad. [00:30:21] Speaker D: So you hit what is forever been. My pet peeve is stop these 5,000 page bills. Focus on what you're trying to accomplish. So stop this one. And here's a brilliant example. It doesn't have to be like a. [00:30:35] Speaker C: Cheat sheet like in school or you're taking college exams. It's got to be on an 8 by 11 form. You can write as small as you want. But like that's all you get. You have to put whatever the bill is on one page eight by 11. And you have to write it in cram perfect crayon. [00:30:52] Speaker D: The ones that Anthony has not eaten yet. So yes. And then you can have six pages of rebuttal attached to it. Three pages pro the bill and three pages. [00:31:01] Speaker C: And it's got to be a whole new the Bill, if it doesn't fit on that one page, it's got to be another bill. [00:31:05] Speaker D: Listen to me. I'm saying you're right. I like it. But they need to have, they need, because a lot of us can't think for ourselves, Anthony. There's a lot of people that are loyally blind to their political party because they can't think for themselves. So then we need to have half the people pro. Half. It's just like when you get your voting guide every four years and you see one of the propositions, it's one page or two pages for the proposition and then it's 20 or 30 pages, you know, because one side of the political aisle likes it, one side doesn't. So then you have to weed through what you think. So let me, let me give you an example of why I'm not in favor of the big beautiful bill. Here's a great example. This one's good. So, and yes, Sam said that some politicians want to keep their true value secret by hiding behind omnibus bills. That is 100% true. There's a lot of people that do stuff under the guise of, you know, if they have something about veterans in the bill and you say, I'm not for the bill, well, then you're against veterans. I didn't say that. I like this part of the bill. I don't like this part. So there's a lot of agendas tied to these massive bills. But anyway, so here's a little article I found that shows you one of the reasons I'm not for the big beautiful bill. All I want to hear right now in this country is we're going to stop spending. We're going to stop the fraud, waste and abuse. You know, the whole thing with Doge that stopped, that's criminal, that it stopped going. And you know what's come out since? You know why it stopped? You know why it stopped? From what I can read, because there were just as many Republicans doing this fraud, waste and abuse as there were Democrats. It seemed like the Doge seemed like a very anti Democrat type stance. It turns out it's anti government because half of the aisle wasn't immune to using money for their own nefarious purposes. But when a country's on its way out because the rest of the world's tired of it, you better stop spending, stop adding big, beautiful bills. But anyway, let me get to what I have in my hand. This is from Space.comSpace.com on the 4th of July. Did I mention even on the 4th of July I work for you guys that are listening. So Trump's signing of one big beautiful bill includes 85 million million to move space shuttle Discovery I won't read too much, but I'll read a little. President Donald Trump signed into law the so called one big Beautiful bill today, July 4th, a day after the legislation was narrowly passed out of Congress with only one with only Republican support. Deep within the 900 page bill is a provision added by Texas senators to transfer a space vehicle to a NASA center involved in the administration of commercial crew program and placed on public exhibition at an entity within the metropolitan statistical area which such center is located. Wow. The writer of this article at Space.com is super smart. So the vague language written in such a way to skirt Senate restrictions on reconciliation bills was aiming at achieving the Bring the Space Shuttle Home act introduced by Senators Ted Cruz and towards the construction of a facility to house the space vehicle. Per the bill, the move of the space shuttle shuttle Discovery must be completed by 1-4-2027. It does not stipulate how the orbiter should be moved. It is not clear it if the $85 million will be enough to cover the transfer and display. Given that the first time the retired shuttles were brought to their museum in 2012, the cost for just the preparation and delivery of each vehicle was 28.8 million, which did not include ground transportation to the museum. The very last thing, just a little background on what vehicle this is. Discovery is the United States most flown spacecraft in history with 39 missions between 1984 and 2011. In the process of retiring the shuttle fleet, Discovery was identified by NASA as the vehicle of record such that it kept more intact than the Atlantis or the Endeavour for the purpose of serving as engineering examples at the Smithsonian. I know this is self explanatory. If a country happens to be, let's say 37/trillion in debt, should they be spending $85 million to move a shuttle that hasn't launched in 20 years? Let me give you my opinion because that's all I have in the show. No, no, leave it where it is. You know what put out. [00:35:43] Speaker C: It's not like it's in somebody's backyard rusting like it's in a beautiful museum where people can go enjoy it like it's. It's where it's at. [00:35:53] Speaker D: Ted, if you're listening to another Money show on 960 Patriot, what the heck are you thinking? I want to find fiscal conservatives in the government we need ran and all about states, right? [00:36:06] Speaker C: Why are we why is it federal dollars paying for this? If Texas wants it, Texas can pay for it. [00:36:11] Speaker D: Did you hear that? You pay for it. Ted's probably. [00:36:13] Speaker C: They'll use their Texas money. [00:36:15] Speaker D: So, Ted, if you're listening, move the damn thing yourself, but don't spend 85 million. And that one sentence I wrote, I didn't write it. I didn't write squat for this article. I'm not nearly smart enough. So one of the sentences, they don't know if it'll be enough. You know what? That's the other problem. When the government gets involved with making everything bigger and better and bolder, it never costs what they say. It's going to never, ever. Let me switch gears to another article that makes my point on this. This one is from bar chart B A, R, C, H A, R, T. I've never heard of that before, but I found this bar chart from 30 June 2025. Fed Chair Jerome Powell is spending. I can't even say any of the J's names. I miss Janet Yellen so bad. I wonder if she's over in China getting high. So Fed Chair Jerome Powell is spending $2.5 billion. Oh, man, the space shuttle people. 85 million. You're amateurs. I know. By the time you're done with it, it'll be 185 million, but it's still not a billion. So, Jerome, this article, if this doesn't frost you as a listener, this should make you angry. Fed Chair Jerome Powell is spending $2.5 billion renovating D.C. office with luxury features that belong in the palace of Versailles. I'm going to read a little bit of this. It makes me angry. Federal Reserve Chair Jerome Powell is under mounting scrutiny after reports revealed that the central bank's Washington D.C. headquarters renovation has soared to 2.5 billion and features a host of luxury upgrades. The news comes at a time when many Americans are struggling with high inflation, rising interest rates and a cost of living squeeze, fueling widespread criticism over the project's timing and scope. Is it really widespread? Did you hear it anywhere else or just on another money show? It's not widespread. I look for other articles. I usually try to vet and verify everything I bring. And I'm not finding a lot on this. It's actually kind of hush hush, I think so. Let's get to Powell's response. I'm sure There's a reason $2.5 billion on your office. You go to. Let's see here. During. Is that funny? During. It's funny that I'M in a heart attack out or stroke out on the show over Powell. So anyway, during his testimony. So apparently he was grilled on this. Good. During his testimony, Powell pushed back on reports of extravagance, stating the media reports are misleading and inaccurate in many, many respects. He insisted there were no VIP dining rooms, no marble, no special elevators, no water features and no rooftop gardens. However, planning documents submitted to the National Capital Planning Commission appear to contradict Powell's denials listing features such as vegetated roof terraces. What on earth is a vegetated roof? Do they make vegetables up there in case the stillers are room for a spaceship? I hope so, because we can move it up there. We'll have to add a crane to the. The tools. So let's see here. Let me. Let me read just a hair more because I don't want to move away from this article ever. I want it to for the rest of the time we have another money show. All I want to do is talk about this. So let's see here. Added that the upgrades would provide a modern, efficient workspace for employees to conduct their work on behalf of the American people. Yeah, okay. Powell at two and a half billion, I guess. I guess so. See here. Multiple critics were quick to point out that this is simply not true and even accused Powell of lying under oath. According to planning documents, the upgrades extend far beyond basic repairs or security enhancements and explicitly include all of the outlined features. The documents explicitly include rooftop terraces designed to attract urban wildlife. Okay, I got my answer. Custom elevators opening directly into private dining suites, extensive white marble finishes, new water features and a private art collection. You don't think this government's the have versus the have nots? Let them eat cake. Let them eat wildlife. So let's see here. The highlight. [00:40:33] Speaker C: Let them have vegetables they're growing on the roof. [00:40:36] Speaker D: Good night. That guy needs a cucumber. I'll give him a cucumber. So the controversy. Last thing I'll read. The controversy has has resonated beyond Congress on social media. Billionaire Elon Musk called for an investigation, remarking that since at the end of the day this is all taxpayer money. Did you hear that, kids? This is taxpayer money. Two and a half billion dollars of it. We should definitely look into it to see if indeed the Federal Reserve is spending two and a half billion dollars on their interior designs. That's an eyebrow razor. I think you're right, Elon. I feel a pretty fairly certain you're onto something there. Speaking of Elon, I guess I will get away from Jerome Powell. But if you're listening, please make sure you write to your congresspeople, your senators, go on Facebook, go in the Independent under the letters section and get mad with me about some of this stuff. Moving space shuttles and art collections. This is ridiculous. So moving on. Speaking of Elon Musk, here's something from Zero Hedge on 76 25. It's official. Elon Musk's America Party registers with the Federal Election Commission. Woo hoo. Anthony, you have always said the two party system needs to go away. And you got your wish. Here it comes, a new filing with the Federal Election Commission. The old FEC confirms that Elon Musk's America Party, the amep, and is now official. As the billionaire sets out to challenge the entrenched unit party duopoly in Washington, Musk has voiced deep frustration with the GOP lawmakers over their failure to codify Doge cuts and President Trump's big beautiful bill, which was signed into law on Independence Day. I'm going to fast forward because I do want to only read a few things because this is self let's just. [00:42:29] Speaker C: Talk about it because you already kind. [00:42:30] Speaker D: Of get to the point. Can I just finish what's funny about this article? Because you'll never let me come back to it. Once you start talking, I never get a word in. Enjoy. I'm gonna finish. I just want you to hear something funny and then we'll air it out. I want to answer Sam's question too. Sam wants to know what animal will represent the party. We've already used up the elephant in the ass. We need a new so meanwhile, Musk foe. This is the funny part. Steve Bannon tore into the plan for a third political party. No, brother, you're not an American, you're a South African. And if we take enough time and prove the facts of that, you should be deported. It's a crime of what you did. Among many, Bannon added. Let me give you the rebuttal. So you're a South American, you're a South African billionaire meddling in our politics. Musk, meanwhile, wrote on Friday that like this is so great. This is the country in which I live right now. I'm going to Mexico. I'm going to try to find a city where it's safe, but I'm going to Mexico. So Musk, meanwhile, wrote on Friday, the fat I'm reading this. I'm not making this up. The fat drunken slob called Bannon will go back to prison and this time for a long time. He has A lifetime of crime to pay for. Elon, you're a rocket scientist. You're a genius. You're a smart man, but really, I mean, don't be calling people a fat drunken slob when you're getting ready to be my next president or party. All right, Anthony, do your stuff. Sam wants a llama as a representative. I think we need to start using like spiders and snakes and more reptilian type things. But llama's good. Don't llamas spit at people when they get near? I think they do. So I just don't want a sheep. Sheep are liars. So come on, Anthony, tell me what you think. You want a new political party. You want more than just I did. [00:44:18] Speaker C: But I don't want it from Elon Musk. [00:44:20] Speaker D: Who do you want it from? Joe Rogan? Please say Joe Rogan. [00:44:23] Speaker C: No, here's the thing, right? You just said that the Doge failed because Republicans were being called out to. We're tired of the two party system because it really is the exact same on either side. [00:44:34] Speaker D: Yes. [00:44:35] Speaker C: Elon Musk just spent like a year being butt buddies with Trump and then they had their little tiff, which we don't know if is legit or if they're, you know, if this is legitimate. But they're all the same people. It's all the same group. Having Elon Musk open up a third party isn't a third party now. It's just three parties all doing the same thing, made up of the exact same people that are complaining about each other, trying to. They're all trying to do the exact same thing with their control and how they're doing it and the moving of the money. Like it's all. There is nothing that is going to change. And if anything, they're probably all in on it together. So that's my stance on that. I was all about rfk. I thought, oh, maybe there's another third party, like a legitimate third party and shake things up. But Elon Musk coming in after what he's just done for the last couple of years is so obnoxious. Like it's, it's not going to be any different. [00:45:33] Speaker D: But it was pretty obvious. I mean, it was pretty. This did not shock me in the least when I first heard about it. I mean, you gotta admit, this is a normal progression for that man. He's taken on Mars, he's building tunnels up in Mars so we can live under the surface. So, yeah, this makes sense. And you know what? The only thing that I care about when, you know, I mean, we still have three and a half years before this is gonna be in place. But when we're all under the New American Party or whatever it's called. I have a question. Are we gonna release the Epstein list? [00:46:04] Speaker C: That's all I want to say. [00:46:06] Speaker D: There's no desk, there's no list. Do we need to cover that today? The list, you know, do we need to cover? [00:46:11] Speaker C: I mean, what is there even to cover? They're all lying. And they lied about lying and they were lying. Now they're lying about a different lie that's the opposite of the previous lie. So it's all obnoxious. Also, the list really doesn't mean anything. All people flew on that. We all know Trump, we know Clinton's. Yeah, everybody was on this plane. Going to the island wasn't the crime. The thing is, if they truly did document all of the things to blackmail everybody, there's way more to it than a list. I could not care. Couldn't care less about the list. I don't care about the list. It's. If they found all the other evidence and stuff and recordings like that was probably out there, right? Can't imagine he knew he was getting arrested. I mean, so it should still be there, right? Unless he just burned all of his documents. It's all gone. There's no backup files, the backup plans, you know, just. Lane's still around, right? What, What's. [00:47:08] Speaker D: Why is she still in jail? Why didn't they let her out of jail the day that they said there's no list? It doesn't make sense. You're right. It's all bull crap. But one of the things kind of. [00:47:18] Speaker C: Showing his colors now, what a lot of people said about him, you know, a lot of the negative feedback, he's like, oh, no, he's for us. And he's going to do this. And he's very blatantly lying about that. [00:47:29] Speaker D: Well, and there's a couple things, I mean, with Trump, as long as you're going to bring it political, I mean, Trump did say America first. He said, we're going to be more isolationist, we're going to put ourselves first. But yet this week on the 7th of July, and Donald, if you're listening, I want you to know I love orange man, but there's some questions I have. We just sent more billions of dollars in weapons to Ukraine on the 7th. We're still feeding that proxy war, but how is it proxy when we're giving equipment to Ukraine and money? But anyway, America first My butt. We're still giving military stuff to other countries, so. And IRAN on the 9th yesterday, Iran threatened Trump. They said that the dude in Iran said they could kill him with a small drone. They tried to kind of play it off like he was kidding. But just, you know, if you are listening, Don, you know, you better watch your back because I still think three and a half years later, if you're still alive, that would be a wonderful thing. But I don't know, there's still people that don't want you in the picture, including half this country. But that's a different story anyway, the whole thing, you know, Pam Bondi, Cash Patel, Dan Bongino. This was our last hope for somebody like me who wants smaller government and wants people to go to jail if they're crooked. So, Anthony, you're right. They lied to us. They think we're so stupid that we can't function without them. And we know they're lying. And for Trump and Bonnie to say, enough with this, you know, move on. No, don't talk to me like I'm a child. And if kids were abused on this island, if there's child trafficking and abuse, physical abuse, that trumps, pardon my pun, that trumps our government, we need to know, you know, I mean, this is insane. And this is not right. So, no, we shouldn't move on. We need to get to the bottom of it. But, you know, really, Patel, Bongino, this was. This was it. This was. I mean, you have to. And maybe this is the 5D chess. Maybe it's. It's just buying more time to get the ducks in a row. I don't know. I mean, I've heard of, you know, Q. I've heard of all these people that are like, you have to give it time, the process. You'll be lucky. Ah, come on, enough. Start putting people in jail. But whatever. So anyway, so the list is gone, you know, back here a little bit. Housing market. Anthony. I was on Zillow yesterday. There was a client I was talking to that didn't know the value of the home. I said, I can get you in a ballpark. I'll go on like Redfin and Zillow and get you an idea. So I looked up this person's home, and then as I was leaving his address, I looked at how many sales are, how many home sale, how many homes are for sale in the Maricopa county area. It's huge. I'll tell you what I mean. The housing market is slowing rapidly. The prices are coming down to Sell the houses. They're sitting on the continuous status market longer. So I had said a year and a half, two years ago, Realtors dust off your manuals for short sales and foreclosure contracts. Oh boy. So, and you know, so on a small scale, housing markets around the country are starting to go through the next cycle. So that's happening. One more thing that I'll bring up and then I guess we're getting near on time. Here's an article if you want to look up something fun. Here's from Zero Hedge on 30 June, $15 billion FBI says it uncovered the largest health care fraud in American history. Kind of circling back. Jen Psaki ish towards the doge so the FBI and the Department of Justice on June 30th said it had almost $15 billion reported in losses. Largest health care fraud investigation in US history with officials charging more than 300 people in connection with the alleged scheme. I won't get into the details. If you want the article, reach out to us. I'll send it to you. But 15 billion here, 15 billion there. Move a shuttle for 85 million. Two and a half billion to renovate an office. This country is leaking like a sieve. And instead of plugging the hole in the boat, we just keep taking a bucket and dumping the water other side. And it's not going to continue for much longer. Is it next Wednesday, Anthony? No, but it's not going to go much longer. I know we're near on time. I had an article that I wanted to get to, which I just didn't. But there was a line in this article that reminded me so much of you. So I'll just read one line. [00:51:41] Speaker C: The normalcy bias. [00:51:43] Speaker D: No, but I'll read that. Sam can we have a little extension? Can you cut out a commercial or two so I can read normalcy bias definition from Wikipedia? So here's one line I'm going to read from this article. I'll wet your whistle with it. I'll be glad to start with this next week if you wish. The problem with all kinds of thinking that it's superficial and banal, for it ignores the real source of America's decline, the moral rot that has eroded every institution and every nook and cranny of our society. Whenever I mention this moral rot, I get immediate pushback of this sort. Corruption. Here's where you come in, Anthony. Corruption has always been around, so today is no different from previous eras. While it's self evident that self interest and greed manifest as corruption. It's not true that the systematic corruption of the present is no different from previous eras. It's worse. Much, much worse because it's now normalized. And so we accept the most outrageous forms of corruption as normal. $15 billion health care fraud isn't normal. It's excessive and it needs to stop. So, Anthony, say goodbye before I stroke out. [00:52:56] Speaker C: All right, so anyways, that's it for today's show. If you like what you heard, if you have any questions about it, reach out to us team at another money show.com find us on the web anothermoney show.com check us out on YouTube. Give us a call 623-523-0444. The number again is 623-523-0444. We'll see you again next Saturday at noon right here on 960 the Patriot. [00:53:23] Speaker B: Thanks for listening to another MONEY Show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management, LLC, BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through 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. [00:54:02] Speaker C: Have you ever made a dumb financial decision you wish you could take back? Are you worried one wrong move in retirement could wipe away all your years of hard work and savings? What if I told you it doesn't have to be like that? Most companies stopped offering pensions decades ago, but what no one tells you is you can fund pensions yourself. Give yourself the peace of mind of having income you can never outlive in retirement by adding a page pension as a part of your retirement plan. Hi, I'm Anthony Crail, co host of another Money show airing on Saturdays at noon on 9 60, the patriot and advisor with Rotchrid and Associates in Sun City. Reach out to us at 623-523-0444. That number again is 623-523-0444. Let's let us help you plan your lifetime income in retirement today. [00:55:01] 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. [00:55:25] 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 635-230444. That's 623-523-0444. Rochford & Associates Veteran, owned and proud to serve American.