[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 Correio and JR Rochford.
[00:00:41] Speaker C: Here we are, your hosts, Anthony Correjo and JR Rochford, taking a break from our day to day as financial advisors in Sun City, Arizona, 98th Avenue and Bell Road. And we are taking that break to bring you news you may not hear on those other financial shows.
We're aware the last thing you need is another money show, but we appreciate you being here. I almost said another financial show, and I was like, wait, I'm supposed to say another money show? Because that's the name of the show. Wow, how clever we were.
[00:01:12] Speaker A: Did you get more sleep than usual? You seem very peppy. You seem very.
[00:01:16] Speaker C: That was peppy.
[00:01:17] Speaker A: Very lively today. Yes.
[00:01:18] Speaker C: Yeah, you know what it was? I listened to last week's episode and I didn't hate it. So I was like, wow, this could be fun.
Jer's frozen excitement.
[00:01:29] Speaker A: Just when it started to get Fun Junior for us. But he's back.
[00:01:33] Speaker C: He ruins everything.
[00:01:34] Speaker A: I was. I was frozen. As soon as I get nervous, I freeze up. I clam up.
I thought it was Mitch McConnell over there.
I think that guy's still alive.
All right.
[00:01:47] Speaker C: And we're still recording.
[00:01:48] Speaker A: Oh, yeah.
[00:01:49] Speaker C: Oh, yeah. I'm totally.
[00:01:50] Speaker A: I'm rolling.
[00:01:51] Speaker C: We're leaving all of this dead air in.
For once, I'm the talkative one. If only Jer had something to say.
[00:01:59] Speaker A: Sooner or later I will.
So, as usual, I know I say this every single week, but I have so much to get into, so I'm not sure where to start. I guess I'll fall into my usual. My norm with the shout outs. We had a newer client friend in the office named Ron. Ron, thank you for coming in.
And I was wearing shorts yesterday, so. Ron was wearing shorts. I mean, it's funny because if you go, if you make your way into, you know, the. The high power, high pressure, high quota firms, I don't think you'll find their advisors in shorts. Yeah, I mean, I did have A logoed polo shirt on. So I look semi professional, but I mean, it's a hundred. It was 112 degrees yesterday. Supposed to be 114 today. It's supposed to be 117 by, I don't know, tomorrow or Saturday. That's. That's just ridiculous. So if you go to a financial advisor that doesn't wear shorts, consider having a second opinion with Rochester Associates. We have an office dog. We wear what's comfortable. My father, in the old days, with my father, you wore a suit and tie. That was just. You're a financial advisor and that's expected of you. That's, that's the, the, you know, look you want to portray. He. If there was nobody in the office, he would allow me to take off my sport coat. The tie had to stay up in case somebody walked in, but the sport coat could have come off. And then, you know, over the years.
Well, mainly when he left. Actually, when he left, I started the
[00:03:33] Speaker C: office or left this earth.
[00:03:35] Speaker A: Well, Anthony, that was kind of harsh to your step grandfather. So. But, but both. But after he left the office, I found a woman named Ann. And Ann did embroidery and sewing and all that. And she embroidered our logo on every different polo shirt color you can imagine. And I thought, if you're wearing slacks, khaki pants, whatever, you know, a nice shirt with a logo on it, that was acceptable. And so I started going with that when you joined. At that time, I didn't even know where my suits were. So it's a little more casual. You know what the thing is though, you need to understand what we do. Take this seriously on the show here. You're not getting the experience you'll get in the office. You're like, no, you'll get a dog insurance, apparently.
[00:04:19] Speaker C: So anyway, if I don't have the dog in there, because that dog sign is always in the front of the office and people are, where's Buddy? And I was like, he's not here today.
[00:04:27] Speaker A: I've noticed that. I've noticed if I'm in the back of the office, I've heard people ask where Buddy is. I've never yet heard somebody say, is J.R. is J.R.
where's Buddy?
So anyway, so Ron, thank you for coming in. It's. It's wonderful to see you. And we just, we appreciate and know you. We. We met Ron because he's a listene. He's one of our five in the morning listeners. So I, I have long stopped making fun of the people that listen at five in the morning because There's a lot of you so. And I, yeah, I mean it's, it's we, we love meeting you. That's all I'm going to say. So. Another shout out, quick shout out to Art on the other side of, of the, of the city on the other side of Phoenix from us. Haven't talked to Art for a while so if you're listening still every week, just, just let you know. I've been thinking about you the last couple days so hope you and your wife are doing great.
Another shout out. Got a friend. I'll make up a name that would be too outrageous to actually name your child. Guy named Thad.
Thad is a loyal listener. Thad listens every week and he sends me stuff regularly. I mean I've got my usual list. Kevin, Michael C and Sun City. Thad is another one. He sent me something today that I really, I don't think I can get to it.
I don't know if I would know how.
Basically we talk a lot about geopolitics. We talk about everything quite frankly. And something he sent me, I haven't had time to wrap my mind around it. There are Chinese satellite systems, I believe you pronounce this Beidou. It's B, E I d o u3.
And he basically said that we should start getting very nervous about the progress of our conflict. I'm going to call it a war with Iran because these satellites either we're not able to use them anymore, there's something to this where it's going to start hurting us. So then I read that Iran is going to take possession of like 400 shoulder held rockets like anti aircraft, they work on helicopters, low flying aircraft, drones, that sort of thing. So China is getting involved in this war now and they're going to be supplying Iran with materials. Our media for some reason is leaking the fact that we are running low on munitions. There was a story I read yesterday, it was too late in the day for me to get ready for today but it basically said that we are now reaching out to firms, military, you know, computer firms in Silicon Valley and elsewhere to see if they can help ramp up quickly production of munitions for this war. So you know I, I'm afraid this is not toward the end, I'm afraid this is not going to go away quickly.
How's it going to affect US Gas prices? How are gas prices going to affect US Cost of food, inflation? How's that going to affect everything in general? You know is war is going to come out and raise rates if I get to it today. I'm going to talk a little bit about him. He said he wants to change the forward looking, you know, Fed minutes and all this stuff.
I think the Fed's lost control but that's here nor there.
Sorry, I jumped right into it, didn't I? Back to shout outs. I want to do one more. I have a woman. I guess I shouldn't say her name because I didn't ask her before but she sent me an email and I just want to point out, man, Sam put up the AAA fuel prices. We're back solid over four bucks. Apparently the average in Maricopa county is now $4.47.
So I guess near where I live that's we're above average. Yay us.
So yeah, that's. That's crazy.
National average $4.09. So what the heck. Arizona.
Anyway, back to the shout out. I'm not going to say her name because I didn't ask if I could read this. So I'll just read it. She's going to know exactly who she is. She is also a five o' clock in the morning listener.
So she writes back and I'm going to read this verbatim. Hi. Not a problem. I don't even know how you find the time to read all the variety of you read and pass on, but I'm glad you do your information and rants. Rants. I don't know if that's the right word. I'm pretty calm. Your information and rants are right on. I look forward to hearing what you have to say each week. I don't understand how people can't see what's happening. I also know they only hear the mainstream media's version of everything and do not see how much they censure and do not report news. My family is a good example. I'm sorry to say it will be a very rude awakening. Stay cool and hope to see you sometime soon. Thank you. Again that I the reason I read that that really, really.
That makes my day. The reason we're doing the show. It's not an hour long infomercial. We're not trying to drive sales. Are we financial advisors in the week? Yes. Would we like to meet you? Would we like to offer you a second opinion? Would we love you to trust us, you know, to help you with your finances. Of course. You know everybody that knows us knows what we do. But the thing is we're doing this show.
It's a show on current events and how they're likely to affect your fun, your Funeral, your future, your finances, your kids, your grandkids. We. This is a passion. This is a labor of love. So anyway. But when you give us praise like that, that, that really. That is more important to me than money. Is that too sappy? Anthony, did you roll your eyes back to the back of your.
[00:09:43] Speaker C: Yeah, I stopped listening, but I know who's.
I appreciate it.
[00:09:49] Speaker A: Good. Sam asked what the name of the client is, and I'm not saying it. Sam wants to put me up and say that person's name. No, I mean, it's a wonderful email, but, you know, she got her family involved and stuff, so I'm not going to do it. And do you want me to know. Do you want me to tell you what street she lives on?
[00:10:03] Speaker C: So why don't we jump into social right now. Routing information.
[00:10:09] Speaker A: What's your mother's maiden name? We're going to give away stuff that doesn't say your last name, though.
So why don't we do this? So since I have so much to get to and I'm not sure how to do it all because we. We the.
[00:10:20] Speaker C: Kevin, you're just going to get to it this time instead of talking.
[00:10:23] Speaker A: I'll get into it. No, that'll never happen. When you commandeer the show, when you take over, maybe there is some order and structure.
[00:10:29] Speaker C: As long as I'm such a good mood today because I was like, man, Jer's really going to be on the wall today and he's going to say he's going to talk about something and then he's just going to talk thing instead of talking about how he's going to talk about that thing one day.
[00:10:42] Speaker A: I don't know if you could repeat that, but that what you just did was awesome. I know how you're supposed to do this. You're supposed to tell people what you're going to tell them, then you're supposed to tell them, then you're supposed to tell them what you told them. I don't do any of that. I just. I throw up and show up and then I hope the hour goes by quickly and people stick around for the next week anyway, since they have so much to do other than being rudely interrupted by the co host. I'm going to knock out the Festivus Report real quick. We only have a few left, so I think there's like three or four after this. So we're almost at the end of the Festivus Report.
Let's see here. What do we got today? The amount wasted, 1.8 billion. You know what a billion is, right? That's a thousand millions. So that's a lot.
[00:11:22] Speaker C: Who cares about billions anymore? We're into trillions now.
What are you, a billionaire? What are you poor?
[00:11:29] Speaker A: Is it a quadrillion sex? I don't know.
Anyway, so let's see here. I've been calling out NASA's astronomical waste for years.
One of the recent examples is Boeing. Sorry, Boeing. I'm not gonna say allegedly because I didn't say this. This is from Rand, Boeing's contract for the exploration upper stage component of NASA's Space Launch System, which ran six years behind schedule and around $1.8 billion over its budget. What the heck was the budget? The budget was $49, but it ran up to almost 2, 2 billion.
Anyway, keep in mind that this contract was originally awarded. Oh, here it is for 383 million. 383 million.
I'm not really good.
[00:12:17] Speaker C: Say it went over budget.
[00:12:18] Speaker A: 1.8 billion. What's 1.8 billion? Minus 383 million.
[00:12:26] Speaker C: Wow, that's a little bit over budget.
[00:12:29] Speaker A: And I know this is radio, so you can't see this, but Anthony just had to take off both shoes. Usually Anthony takes off one shoe when I know he's doing complex figures, but this was. Anyway, so the cost of this project has increased by 161% in its lifespan. Last year. In another NASA project managed by Boeing, wasn't Boeing the company, Anthony, where the plane started falling out of the sky and the stock went down for a short period of time and then people were like, ah, you know, there's a lot.
[00:12:58] Speaker C: Oh yeah, I do remember that. That was when I was early in the job because I do remember buying some Boeing stock at that point because I was like, they've got trillions in government contracts. Boeing's not just going nowhere. So I was like, all right, I'll take this opportunity to buy this stock at like 20, 30% off.
[00:13:15] Speaker A: It's not going nowhere, it's going somewhere, like for a while.
[00:13:17] Speaker C: Yeah, it's into the ground,
[00:13:20] Speaker A: I guess. That's not really funny, but it is to me anyway. I'm very immature. I'm like a child, only shorter.
Let me finish this here. So another NASA project, blah blah, blah. Oh, here we go. In another NASA project managed by Boeing, two NASA astronauts were left stranded aboard the International Space Station when the Starliner spacecraft that was supposed to bring them home suffered numerous system failures, sparking public and internal alarm. An eight day trip to turned into a months long fiasco. This is A government contractors at their worst, billions wasted, missions delayed and lives placed.
Bob Seeger just had to turn the page. In peril and taxpayer trust eroded while the American people are asked to keep paying into the rocket that won't launch on time. Very interesting.
But anyway the festivities report is nearing its end so hopefully we'll get a, we'll get a little break time wise on the show. Anyway, you want to knock out the Desert Storm cards too because I really today I'm going to hit the articles fast and furious and I want to talk a little financial today. I had, I had a discussion last week with Kevin and the Kevin Dex was he basically said, I asked apparently on there and I don't remember this but apparently I asked if people give a feedback if they want to go more financial, less, you know, current events. Whatever the listeners want is the direction we're going to go. I'm never going to get rid of all the current events fully, but I'll weed them out more if I need to. And Kevin said yeah, a little more financial. So I'm gonna try to do that today. So with the Desert Storm trading cards, this is week three and we at, at Sam's request we are opening packs of Desert Storm trading cards and we are looking for Saddam Hussein and I added George Bush.
So if you haven't heard this yet, these are, you know what, 35 years old and I had a total of eight packs. So we're opening another one today.
I have made some decisions. Sam, Anthony, you're both like at the end of the window, but you're both military age. If we don't find Saddam, I want you to commit to this deal. If we don't find Saddam or George Bush, you have two chances here. I want both of you to enlist in the military.
Actually you have college degrees. I want you to get a commission in the military so you can get new trading cards. And we're gonna look for Putin. Rootin Tootin Putin. We're gonna look for Maduro. Is he in New York or I'm
[00:15:56] Speaker C: too fat and on too many drugs to be enlisted.
[00:16:00] Speaker A: You, you know, you just said that when you go to run for Senate they're gonna play that clip. I'm too fat and on too many drugs I believe was a quote. Anyway, back to what we got going on here. The first one is some sort of a, a 7 Corsair. It's a military asset. Yes, it is. We have another military asset, the USS England. Looks like a pretty badass ship.
[00:16:23] Speaker C: There's any Boeing stuff In there?
[00:16:25] Speaker A: I don't know. I think I dropped that card. I think the Boeing card fell to the floor when I first opened the pack. But I'll look on the floor before we conclude this is from the intelligence file. It says Intelligence file, then it says Reserves. If you join the Reserves. How intelligent are you? You realize when you join the Reserves, they can call you up to active duty. Oh, we got a person.
Who the heck is this? We have a leader. This is His Majesty King Hussein.
King Hussein.
Not the same.
Let me zoom in on the big guy. That's not Saddam.
Are we gonna. Is that a gray area? We got a Hussein.
That's the closest we've gotten. Hang on to that one. We might be able to get some answers out of them. Okay, but only one of you has to join the military now, because this is a. It's a stretch.
Draw straws. Things change, Sam. Every. No, nobody likes change, but it's inevitable. Let's get on here. Geography. Finland. You know, when I think of the Gulf War, one of the first countries I think of is Finland. Military assets.
[00:17:28] Speaker C: Middle Eastern country of Finland and all their oil reserves.
[00:17:34] Speaker A: Right.
Another military asset. This is the FA18 hornet warbird. Pretty intimidating. We have here another military asset. This is the lcac.
That's cool. I believe that that is in the Florida Keys. Another strategic military. I think that's in the Everglades.
What do I have here? Oh, we have the government. The Canadian system.
Finally. Finally we have some power. War power. You know, most of our troops were up there. Hey, he went to Canada.
Anyway, we've got chic. We got another leader, Sheikh Zahar Ahmed Al Sabah. Did I say that professionally? Like, I spent a lot of time in Qatar or Saudi Arabia. So this dude, this guy, Sheikh Jabbar, do you remember when Robert De Niro on Saturday Night Live, do you remember when he did that thing with all the names that sounded like that?
[00:18:30] Speaker C: No.
[00:18:31] Speaker A: He did Haid the Salami and he just did different names. Anyway, it was funny. You have to look up Saturday Night Live, Robert De Niro.
Geography. Our last one here, Saudi Arabia, we actually have one that seems to make sense. So we're going to discard Finland and Canada. We'll put them on ebay. But we are going to keep Saudi Arabia because that makes sense. All right, so I'm sorry, but week three, and you two are looking like you better start running every day and get in shape because basic training, I'm sure it's easier than when I went in.
I actually went through basic training. Twice. So I. I remember. I remember it well. I'm in my 60s. I still remember what it felt like, smelled like.
Anyway, moving on.
[00:19:11] Speaker C: Direct the Devil's Body Double. It's about Saddam Hussein's son who was.
[00:19:16] Speaker A: I've never heard of that.
[00:19:18] Speaker C: Way Wilder. Yeah. Guy was insane, but yeah, interesting movie.
[00:19:24] Speaker A: I kind of hope we can find his card too. Now, now you've piqued my interest. I don't even remember the body double.
[00:19:29] Speaker C: I think it was Uday.
Uday Hussain.
[00:19:33] Speaker A: Okay, now you're just making up stuff too because you know, I'm not familiar.
[00:19:36] Speaker C: Possible.
[00:19:36] Speaker A: Let's.
[00:19:37] Speaker C: You won't look it up. It'll be fine.
[00:19:39] Speaker A: No, I won't. No. It's like you listen to the show later. Anthony, did you listen to the show? No. No, I didn't.
So today was the best pack yet. Sam, you are correct. Today was the biggest winner so far because we got a relative, I think of Saddam Hussein.
Moving on. I will glance on a couple things because I don't know if they're a big deal or not. I noticed that the last couple days American Airlines flights were grounded. Apparently it was a system wide IT outage.
So there was a whole bunch of people going nowhere. And I only bring that up because everything's fragile. If I have time to talk for a minute about Cuba today and the ongoing saga with them, I want you to know this country has no idea what it'd be like to have a system wide outage on all IT services, on water plants, on, you know, healthcare systems, whatever.
So. And what do we do about it? Make sure you can self sustain yourself and in your house for a while. Because the biggest problem, you know, what did we learn in March of 2020? We had a respiratory illness. And yet toilet paper, hand sanitizer and Clorox run happened. If it ever happens with food, you are going to have to be able to stay out of crowds. And I mean we're on edge. Come on. If you live in Sun City Peoria, Sam's neighborhood, I'm sure it's. I'm sure it's just like the neighborhood in Home Alone. Oh, there's a new Home Alone coming out. I guess that's big news. Macaulay Culkin is going to do another home loan. Maybe he's broke again. Maybe he's out of money. I'm going to give him some of these trading cards that he can put on ebay and raise some money.
So last week I brought up a GoFundMe account for me this week. I'm going to do it for Macaulay Culkin. I like to. I'm a share. I'm a give anyway, so American Airlines, big deal or not? I have no idea. I didn't look into it today to see if it's ongoing. I just. It reminds me that we are fragile at a nation and we are not prepared like some other nations that have been through trials and tribulations. Are federal.
The federal people, you know, Federal Reserve is not federal and there's no reserves. But the Fed speak the war. Dude, he didn't change rates yesterday. He can't. I mean, come on. Did anybody think he was going to raise rates? Inflationary pressure says he better raise rates. The trillion dollar interest on the debt payment for money we've printed and borrowed means you have to lower rates. Trump specifically wanted somebody to come in and lower rates. And that's just, It's. I think this guy is backed into such a corner. It'll be interesting to see how this plays out. I'm told, oh, they're going to raise him in September. Okay. And I'm going to be taller in October. We will see what happens. Mitch McConnell. Mitch. Remember the movie Weekend at Bernie's? I do think we need to see if there's a weekend at Mitchie's house. How come. How come all of a sudden that's gone from the news? You know, yesterday we have the attention span of a gnat in this country. That's another reason why I think we're ripe for things to go south, is people just, bam, put something in their face and everything else is gone.
You know what I mean? You know, yesterday it was Fauci. You know, Fauci, trust the science guy. Well, guy that pleaded 111 times yesterday. So apparently the science has clammed up pretty good. And you know what? I know that that's a hot button. I know people that were vaccinated versus people that were not vaccinated can be pretty polarized.
I just, I'm telling you, it's. It's a weird world. And if that is a public servant, a public representative, a public official, somebody that took our tax dollars, a lot of them, by the way, made almost a half a million dollars a year. Then, you know, all kinds of stuff came out of his diary.
Maybe we should call it a journal because he's a real man.
[00:23:19] Speaker C: It looks like there is brownstone.org has 500 pages, but I guess diary pages are going to be different. So they said there was 1100. This shows 500. But I found a place where it looks like you can read it.
[00:23:34] Speaker A: And I don't have any intention of reading it. And, you know, I'm a sponge. I like to read everything I can.
[00:23:39] Speaker C: You don't know how to read.
[00:23:41] Speaker A: If there's pictures, I can get through it. It's kind of a slam.
So, yeah, I mean, I don't. I don't. I just don't care. I don't trust him. I didn't trust him from the start.
I mean, Anthony, you were around when this happened. Wet market, bats. Give me a break. I mean, I said the day that we first heard what it was, I said, there's there. It's a biohazard lab. Do you remember that, Anthony? When it came out there? Biohazard labs in California. I'm like, they're global. They're all around the world.
Anyway, I won't spend any time on that because everybody and their mother is so. I don't need to.
Let's see here.
Mitch McConnell. Mitch. I don't care. This isn't a political show. People try to push me. Like I want to take one side or the other. I really don't care. I care. I see things through a financial lens. I care about the future for Sam, Nick, Jay. I care about the future for Sandy. I care about the future for people that I haven't met yet. Macaulay Culkin. So. And I'm just. I'm like these politicians, these ridiculous. If this dude is dead or if he's in the hospital, what? No matter what the case is, he's still in office.
How are we allowing this? That is.
[00:24:49] Speaker C: Well, if he passes, they can just elect his sister in law, right?
[00:24:54] Speaker A: Is Lindsey Graham's sister doing a bang up job? I don't think about that yet either. You know, that was so two weeks ago. I guess his funeral was this week. So. Yeah, this can't be. Sam said we've only got two more minutes until break time. All right, I need to focus. What I'm going to do today is I'm going to mute Anthony and I'm going to focus. Anthony talks too much and I can't get my stuff done here. So why don't you do this if you're listening to us and you like what you hear, as Anthony says, reach out to us, give us show ideas, help us with a YouTube channel. We've got, I don't know, 712 subscribers. So we're not quite Joe Rogan level yet, but we're nipping at his heels. But we do have like 535,000 views of Anthony's shorts and the videos and all the stuff we put out. So help us. YouTube.com another money show. Reach out to us. We want your show ideas. We want to meet you. We, I mean we're here if we can help you. Obviously there's cracks in the market. There always has been. Yesterday was a real bloody day. Today, by the way, is the 30th of July as we record. Today so far is a stellar day. I said that in the office yesterday when Ron was in. I was like, today's so horrible. Don't worry, you know, tomorrow will be fantastic. And here we go. It's pretty predictable, this house of cards. Anyway, we're at 623-523-0444 or you can email us. We'
[email protected] youm can set appointments, as Anthony always says, through the websites. Or call us. I'm old school. Call us. We'll be glad to set up a time meet with you. Be a second opinion. No pressure, no cost, no minimums, none of that stuff you're used to. We'll be right back. Thank you so much for being with us.
[00:26:31] Speaker B: All of JR and Anthony's listeners receive a free consultation just for listening to the show, visit anothermoneyshow.com.
[00:26:53] Speaker A: 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. 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 to a happy retirement and I can help you do it. Reach out to us at 623-523-0444. That number again is 623-523-0444 or find us on the web at anothermoneyshow.com so
[00:28:00] Speaker B: let's break down the big stuff without the boring. It's money time. This is another Money show.
[00:28:08] Speaker A: Welcome back to another Money show. Thank you so much for being with us. As you know, we greatly appreciate it we are a little tiny office. We're a fourth generation fully independent family practice. So in the world of all the big corporate, you know, all the huge firms with pressure and quotas, blue suit, white shirt, red tie, highly polished shoes. If you want to meet somebody that genuinely cares about you and your money and not just what pressure they have to keep their seat, give us a try. Let us be a second opinion. See if you have a different experience. And I do think sooner or later days like today are going to be happening more often and the market is going to get real.
They're printing money. Can that prop it up? Yes, of course. You know, there's no legitimacy to this, to this market. It's, it's way beyond PE ratios. You know, when I talked earlier about war, Let me, let me tell you something I read this morning, I read this just this morning. Google, Google just popped this up on my phone. Federal Reserve Chairman Kevin Warsh has intentionally dismantled the central bank's decades long practice of forward guidance to force financial markets to independently price economic data rather than passively parrot fed signals. There's one more sentence that. But do you do realize he just completely admitted that a hundred percent, 100%, maybe 101% of the market is listening to these clowns? I just called the Federal Reserve chairman and so forth a clown. I remember calling Janet Yellen a cartoon. So why not allegedly? He's, these people are allegedly clowns.
That's admitting it, saying we're going to change things so you stop relying on the market. The market wants interest rates to go steady or what is it down? They want rates to go down so there's cheaper money. Right Anthony, you're right. That right. So they can do their stock repurchasing and buybacks.
The market is so twisted anyway. So this is saying that yes, we have lied, but going forth, we're going to make do. We make do. We're going to make things right.
By shifting away from forecasting future monetary policy path changes, Warsh aims to receive an unfiltered message from markets based on economic fundamentals rather than artificial certainties manufactured by central bank rhetoric. That is probably the best thing I've read about the financial markets in the almost three decades I've been in the financial services industry.
That is the most optimistic thing. If they can actually do this, obviously, you know, today is no indication that it's, it's unveiled yet. If they can, if they can do this, if they can step aside a little bit and let the markets be true to what the economy's doing what the people are doing. I can't wait to see it. There's going to be a reckoning. There's going to be a little bit of market volatility, I fear. But I would certainly love to see this actually come to fruition. We shall see. Anyway, I want to bang out a couple articles rapidly and then spend a little time talking about finances. I was sent something on one of my favorite news sources. Facebook sent something that I was like, yeah, that's, that's the Onion or that's the, you know, the B. Arizona State University, that's my alma mater. Arizona State University now offers a degree in becoming a professional influencer.
Anthony, have you heard that?
[00:31:50] Speaker C: Seriously, Seriously, like a degree, Like I get like classes because I mean it's a cultural phenomenon. Like it is a. It's a legit career now. But that's yep, a degree.
[00:32:01] Speaker A: I didn't believe it and I thought I had the only kind of a little bit. No offense to me or the GI Bill money in which I use to afford it. No offense to asu. My degree is in communication studies.
So communication studies is in the college degree world. It's a little bit more.
Yeah. You got your Bachelor of arts degree. What can you do with it? Well, I'm pretty good talking on the phone.
Communications degree. You know why I took it and now I'm a financial advisor. I took it because it had the least amount of math classes. So that's why my degree is communication studies. I started out wanting business and I. And I realized the math was a little heavy for my small childlike brain. Anyway, so what I did after I saw that Facebook thing because I thought that was just a joke, like there's nobody's that dumb. And I looked into it. Here we go.
Here's one. I found three different sources. Here's one that was the easiest to read.
Money. Because I have a communications degree, I was able to read it money wise.
On the 26th of July, Arizona State University launches Bachelors of Arts in content creation. Wait, Anthony, there's more. As the influencer creator economy tops $250 billion. Arizona state introduces new program that teaches you how to become an influencer. Exactly what more than half of the Gen Z adults dream of. ASU is betting that the next generation of entrepreneurs won't necessarily launch startups. They'll launch personal brands. And if done right, they can make bank. Is that what the young people say? Now that's fire that's lit. These youngins can make bank by being on TikTok the university has introduced a new Bachelor of Arts in Content creation through its Walter Cronkite School. I'll bet Walter's rolling right now hearing about this.
Walter, if you're a listener next to Mitch, tell him we need to see him.
Walter Cronkite School of Journalism and Mass Communication. Giving students the opportunity to learn a four to earn a four year degree focused on becoming professional content creators, digital storytellers and influencers. The program, approved by the University Senate earlier this year, arrives as the creator economy continues to expand into a into platforms like TikTok, YouTube, Instagram and podcasts. More than half of the young people, 57% of Gen Z, want to become social media influencers, surveys suggest. And they're not alone, with 41% of adults overall expressing influencer application. One last thing here.
ASU says graduates won't be limited to being influencers. Career paths include, but are not limited to content strategist, social media manager, brand storyteller, podcast producer, digital marketer, videographer and. And communications specialist. So Anthony isn't. Doesn't this show fit all those bills? Aren't we doing content stuff and social media and storytelling and podcasting and digital marketing and communication specialist. I believe that, Anthony, you should go back to school and get your degree as a social influencer. Sam said here little Johnny is going to college to become an influencer, and boy are we proud. Amen. What is your.
[00:35:33] Speaker C: Let's. Aren't there some other degrees too? Like, if you're getting a degree in this, you probably can't do it. Why are you getting a degree in being an influencer? Like, if you're going to be an influencer, be an influencer.
[00:35:43] Speaker A: That's when I first heard it. I'm like, this has got to be a joke, you know, I mean, yeah, I'm spending a lot of time on AI and robotics and data centers and flock cameras. It's like, that's. That's all scary. This is just funny. So if we don't get all rounded up in a surveillance state, I guess this is great for young people. I guess if I.
[00:35:59] Speaker C: You can be an influence about how you're going to college to be an influencer, and then I can pay for the college.
[00:36:05] Speaker A: Oh, good night. I mean, if Jay wanted to go to school, you know, when he wanted to go to school the first time, you know, his mom and I paid for it. If he wants to go back to school and this is his aspiration. Heck no. All right, let's move on a little bit. I did have another person, this is either the third or fourth that said that they think we should have the two water experts on a show at once. They think Jeff and Mark. Jeff was the one that said that we are in dangerous level with water. And boy, the mainstream media sure concurs with Jeff because that's a big story. And Mark said they're not telling us, but there's water if they want to get to it. So, I mean, we'll consider it. I mean, if, if you have a vote on this, let us know. But I mean, we can invite Jeff and Mark on to one show and just kind of, you know, I mean, they're both adults. They'll be civil, I'm sure, but I'd love to hear them, you know, kind of face off against each other.
So let us know if you want that to happen. We'll each reach out. I don't know if they'll commit to it, but we can at least try. Speaking of which, from the end time headlines on the 29th, just yesterday of July, Colorado residents begin ratting out their neighbors over water use during drought, according. I don't know why everything's so funny to me when it's all like this sucks.
According to a report from the Washington Post, Colorado residents are increasingly turning on one another as historic drought tightens its grip and strict water restrictions take hold across the Denver metro area. In Denver, these days, it's the brown lawns versus the greens.
As the state dries up, people ignoring the rules have fueled growing tension.
Let's see here, homeowners. Let's see.
Violating water restrictions have sparked tension throughout Denver. Homeowners who comply with limits on outdoor watering watch their yards wither, while some neighbors keep lush green lawns that stand out sharply against the surrounding brown landscape. The contrast has become so stark that residents have begun reporting one another to the authorities over suspected illegal watering.
The friction is visible across the state's largest metropolitan area. Rural followers see the green lawns as open disregard for shared water limits during a severe shortage.
Those maintaining green grass face accusations of wasting a scarce resource, while others sacrifice their yards. What was once a private matter of home maintenance has become a neighborhood flashpoint, with the color of the grass serving as an unmistakable signal of compliance or defiance.
Interesting.
So I mean, everything I read takes Jeff's side that there's no water. But the more I dug into Mark's credit, you know, his credentials, the more I listen to of his, you know, appearances, it seems very viable to me. So I, I don't know what the answer is.
On a related note, this is also from the end time headlines. More than 30 Minnesota water systems have been targeted in a cyber attack. This one really piques my interest because kind of like American airline planes being grounded, if we had a nationwide problem that, sorry, people are going to panic. I'm not just worried about not getting water for 72 days. You know what you can do if you are. If you're worried about having enough water at home for 72 days, 72 hours, I mean, not really days.
Do this. Go to Cabela's or Bass Pro Shop or Amazon or go somewhere and look up the term water Bob. There's a thing that, you know, in my old prepping days I familiarize myself with. It's a water bladder for your tub. So as long as you have a tub or more in your home, you can buy cheap. I mean, when I bought them, they were under 20 bucks. Now they're probably under 30. But it's just like, you know, the old waterbeds. Remember waterbeds? Or was that before your guys's time? Waterbeds were, oh, brown chicken, brown cow waterbeds. They were spicy. Anyway, sorry, I just was thinking about something totally different. I lost my track.
So this water Bob, I don't know, probably 30 bucks. And all you do is. If you're worried about water, you put it in the bathtub. They're small, they come in a box. Put it under your bed, put it in the tub, fill it with water, it fills it with whatever gallons of water your tub holds and then you close it. Just like a waterbed.
[00:40:32] Speaker C: That's only if you did it before water gets shut off. Correct. Buy one of those giant six gallon, you know, plastic containers and keep a couple of those handy.
[00:40:44] Speaker A: You should have that anyway, if depending on money and time constraints, you should have the big 50g blue drums too. I mean, yeah, of course, but this is just like if you don't have any room, if you don't have much money, if you need an emergency idea and things are getting weird, if they do rolling brownouts in Arizona and you think that could lead to, you know, problems. If there's a terrorist attack in California and you think it could lead to problems, be proactive, not reactive, and fill up the water Bob. And then if it's not needed, drain the water bob, water your plants or whatever. Anyway, so this Minnesota thing. More than 30 Minnesota community water systems came under assault in a coordinated cyber attack that stretched across two days, state officials confirmed Tuesday. According to A report from Fox 9 Minnesota IT Services reported that the targeted strikes hit technology systems at more than 30 water utilities between Sunday, July 26 and Monday, July 27. The state has activated its full cybersecurity incidents response capabilities as investigators dig into the scope of the intrusion. Four cities publicly confirmed they were among those hit. Plymouth, South, St. Paul, Maple Plain and Bram. I don't know, whatever is. If you live there, you'll know where you live. State authorities are coordinating with federal agencies and private sector partners to investigate the incidents, assist the affected systems and reinforce protections for critical infrastructure across Minnesota. So you're going to start reinforcing your systems. Got an idea. Phoenix, Jeff, our friend Jeff, who works for a city reinforce. Now you know our whole show is on being proactive and not reactive.
We think you shouldn't buy the alarm system after you get burglarized. You should buy it right before.
So I don't know.
Let's see here. Anything else important here?
In a statement, Minnesota it described it as the cyber attacks against critical infrastructure as it was a coordinated whole of government response.
MNIT is working side by side with our partners to share intelligence, support affected communities and help utilities restore operations safely while strengthening defenses against future attacks. Good for you. Minnesota.
Yeah, they're in Minnesota. All the fraud, all of the different immigration issues, you guys have a lot on your, a lot on your plate.
So making this a little more realistic, I brought this up last week. End time headlines came out with this article.
New blackout fears grow as 17 US states are once again placed under power Emergency blackout fears are intensifying for millions of Americans as punishing heat wave strains the nation's power grid to its limits. According to a report from the Daily Mail, the U.S. department of Energy on Sunday authorized the grid operator serving parts of 17 states to activate idle power sources in a bid to keep electricity flowing. The emergency order covers Arizona. Arkansas. Well, you get it. Arizona is the one we're probably worried about here.
The risk of rotating outages has already risen in the Southwest power pool territory last week. On Friday, a sudden loss of imported power left reserves extremely thin. Amid plant outages and declining renewable generation, operators avoid. Operators avoided blackouts that day by calling for voluntary conservation. Wonderful.
Oh, I guess I'm blowing through this pretty fast. I will get to reference Cuba. Sam said I still have over 10 minutes left, so I got time. This is from the End time headlines on 22 July. Sleeper agents poised to wage war in California to put us on a high alert. So yeah, I brought this up already. According to a New York Post report detailing a new State Department assessment. California's extensive military bases, federal facilities and immigration enforcement sites stand at heightened risk of coordinated disruption under a nationwide mobilization blueprint linked to Cuban aligned activists, the Alarm. The alarming document outlines rapid response strategies that could activate within 24 hours in response to any perceived imminent threat or US military action against Cuba. Organizers aim to target key infrastructure across the country. Maybe the Minnesota water was a test on that. Who knows? With California's dense concentration of strategic installations making it a focal point for potential actions, the plan, developed by the National Network on Cuba, a coalition this is interesting. Of more than 50 organizations, including the Democratic Socialists of America, Communist Party USA and Code Pink, seek to impose significant political and material cost on Washington. It calls for demonstration and other measures at military bases, recruitment centers, federal buildings, ICE facilities and even major sport venues during high profile events. Last thing here. Broader context in the 99 page report points to Cuba's deepening ties with US adversaries like Russia, China and Iran. So Cuba could also get in the fray with our Iranian war, one official warned. As Cuba has become, you know, more ideologically isolated, they've continued to actually give Russia, China and Iran more influence. So it's a growing and significant threat if nothing happens. So what, I just wasted about four minutes of your time? But if something does happen, we have a problem.
Let's see here. Sam Altman claims that AI singularity has arrived.
I sent this to Kevin and he liked it and I don't know if I'm gonna have time.
[00:46:58] Speaker C: What does that mean, though?
[00:46:59] Speaker A: It means, yeah, I guess I'll give you a little bit of it. It says here the long anticipated technological singularity, the moment when artificial intelligence surpasses human ability to generate superior results, may have already arrived, according to OpenAI CEO Sam Altman.
In the July 25 episode of the Relentless podcast, Altman stated, we're now like in the singularity. He elaborated that current period represents the very scenario once discussed only hypothetically.
Tech Israel Institute of Technology professor Yaniv Romano, an expert in electrical engineering and computer science, told the Jerusalem Post that Altman's assessment may hold merit. Romano pointed to recent studies demonstrating that advanced AI models can now solve certain mathematical problems beyond human capability. He cautioned, however, about the broader implications. This also brings a big problem and challenge for humanity, because when models become more intelligent than most of us, that's not hard to do. Then we start to rely on them.
[00:48:15] Speaker C: Victoria's Secret models.
[00:48:17] Speaker A: Yeah, mostly Runway models. Yeah, I mean, although they are smarter than the average bear, too.
One example, the OpenAI models reportedly escaped controlled testing environments and independently accessed internal systems. We talked about that last week.
[00:48:34] Speaker C: Yeah, but that seems like a real, like, convenient scapegoat, like for corporate sabotage. Be like, oh, the. The AI did it.
[00:48:46] Speaker A: So you go, there's some shenanigans.
[00:48:49] Speaker C: Very likely.
[00:48:50] Speaker A: Smart robot. I don't know. Everything's going so fast and furious that none of this is surprising to me. Most of the people that, you know, you run into, they're oblivious to how this stuff's changing so fast. So that's why we're zooming in on it, because I think it's the wave of the future.
Last thing I'll read here. Romano's comments underscore both the technical progress and the emergencing human challenges. As AI systems demonstrate abilities that exceed human performance in specialized domains. Experts warn of the potential over reliance that could diminish independent problem thinking and skills over time. The Jerusalem Post report highlights of this dual reality. The excitement of crossing a historic threshold, paired with the urgent need to understand its consequences for society.
So it's basically the balancing act of is AI good for us or is it not? Are robots going to help us in daily life? Are they going to take over? I don't know.
[00:49:49] Speaker C: It's a tool like anything else. That shouldn't be how people use it, of course.
[00:49:54] Speaker A: And do you trust humanity right now? Is the government going to be in charge of AI? I mean, they said states can't be in charge of it. They have to be.
So what you just said makes me more scared. If I trusted people, I would have no problem with this. I have two articles here on flocks, but I think I've given you, as a listener, enough Flock in information for a while. I'll read the title of these, but I don't think I'm gonna dig into it right now.
One from the End Time headlines. Actually, they both are. On the 25th of July, vigilante movement gaining massive momentum to knock out Flock surveillance cameras. So they. They named people here. There's a guy in Minneapolap, you know what I'm talking about, named no Mark. His name is no Mark. Apparently that's his nickname. And he's banging these things out.
He said here. He said he waited for an hour for the right moment, pacing among the bushes near a pole, holding the device. I was just so nervous, he later recalled. And then it goes on to say how once he got used to it, there was no problem.
Let's see here. At least 33 instances of deliberate Damage. Jeffrey Sovereign of Suffolk, Virginia, is accused of damaging more than a dozen. In New Mexico, we have Jayvon Martinez arrested after allegedly destroying 13 cameras. So people are taking action. I know, Anthony, you wanted me to do it personally. I just don't have time. I want to. Did I tell you what happened?
I went. Yeah, I did. I told you, Anthony. I went on D Flock. I went on the map, the interactive map, and I zoomed in on Arizona. Actually, I zoomed in to see if Atlanta, Georgia really is the most surveilled with flocks. And it is by far. But that's where the home base of flock, the main company is. But Arizona. I had said to the listening audience that we have 21 flock cameras between Grand Avenue Imperia. I counted them on the map. There's 29.
So I'm gonna have to go back and recount. But I didn't count the first few. Like on the end corners. I didn't count those. I just counted the ones on every block.
[00:51:56] Speaker C: It's wild how spacious they were. Like it's a few blocks between other cameras. And then that road specifically is almost like a straight line of them.
And that doesn't make any sense to me when you're showing me those pictures.
[00:52:11] Speaker A: It's crazy. And then I went around the state, I zoomed in on. On other ones thinking that, like, you know, I. Is it a bad neighborhood thing? So I went into Maryvale, South Phoenix, no offense to our listeners there. I went in different areas. No, no, the number one concentration, you know, right in a row is in Youngtown.
So we can, on an ongoing basis, talk about the flock stuff. You know what Sam just said. We only have three minutes left. I.
Maybe I should do no articles for next week and make it a financial show. I really, really tried today to knock out what I think you should know. And then I wanted to talk a little bit. I got another. I got a invitation to a seminar and I actually, maybe I'll save this for next week and I'll read to you some of the topics of the seminar.
It's. I don't know. I want to talk about finances. I want to give you annuities 101. I want to clear up some misconception about the difference between fixed annuities and variable annuities and whether annuities really are good or if they're bad. I want to talk about asset based long term care. I want to talk about how lopsided The S&P 500 is, especially after Kevin sent me graphs on how lopsided is I want to talk about banks again. I want to talk about the FDIC depositor insurance fund. I have so much I want to talk to with finances. So don't tune out next week. Stay with us. But I think what I'm going to do is if there's one or two important articles, I'll have them ready. Obviously we'll do the Desert Storm trading cards, but I think I'm going to make next week's show more financial and less current events, if that's okay. Does that go with you, Sam?
[00:53:40] Speaker C: ANTHONY no, I don't want to.
[00:53:44] Speaker A: You're not going to start?
[00:53:45] Speaker C: I'm going to do the office and we'll talk to you about finances. I want to do on the show.
[00:53:48] Speaker A: No, Kevin asked me to and I'm and I love Kevin.
[00:53:51] Speaker C: I'm gonna do it anyways. Stop talking. Jared that's it for today's show. If you like what you heard, you have any questions, reach out to us at
[email protected] find us on the web anothermoneyshow.com give us a call 623-523-0444. The number again is 623-523-0444. Appreciate you listening. You'll hear from us again next week. Next Saturday at 5am at noon right here on 960 the Patriot.
[00:54:22] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com Investment advisory services offer through Brookstone Capital Management, LLC. BCM. A registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
[00:55:01] 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 find fund pensions yourself.
Give yourself the peace of mind of having income you can never outlive in retirement by adding a pension as a part of your retirement plan. Hi, I'm Anthony Crayo, co host of another Money show airing on Saturdays at noon on 9 60, the patriot and advisor with Rochford and Associates in Sun City. Reach out to us at 623-52-304.
That number again is 623-523-0444. Let us help you plan your lifetime income in retirement today.
