Episode Transcript
[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy.
[00:00:18] Speaker B: This is another Money Show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correo and J.R. rochford.
[00:00:42] Speaker C: Anthony Correo and JR Rochford taking a break from our day to day as financial advisors with Rochford and Associates fully independent fourth generation family office right here in Sun City to bring you news you may not find on those other financial radio shows where where the last thing you need is another money show. But we appreciate you being here and we're going to start off with making a correction from last week's episode. I don't know if you know this junior, but 927 billion is close to a trillion and not close to a million. As was pointed out in our sweet YouTube clips this week. These are the guys you want to trust with your money. Should we just end the show now?
[00:01:25] Speaker D: There's a handful just, I think. What's so funny during the recording last week I didn't catch it. Apparently you and the one and only Sam Davis missed it.
[00:01:33] Speaker C: So finally listen to you when we're recording. So do what?
[00:01:37] Speaker D: I didn't. I wasn't exactly. Anyway, so I listen to the show on Saturday like I do every Saturday and then I listen to it again on Sunday at 1 on 960 the Patriot and I'm like what did I just say? Yeah, I, I do know that 926, I believe it is billion.
[00:01:54] Speaker C: Well, if you want to listen to JR's error, you can look up another money show on YouTube and listen to yourself because I have not laughed that hard in a long time because I didn't know what he was talking about. I was like what are you talking about? You messed up the numbers. And then Sam just played it for us and is very funny and I'm.
[00:02:10] Speaker D: Just glad that you're laughing at me and not with me because that was fun. That was a good time. So with that said, we have, as usual, we have so much to get to. So a couple shout outs. We always like to start by recognizing people. The one and only Sam Davis was in Phoenix last week. So we got to meet him in person. What a pleasant young man. You know, I mean, I'd like it if he'd catch glaring mistakes that I say on the radio show.
Other than that, we really like Sam. Thank you for taking time with us, Sam. That was kind of cool. Nice to meet you. So. And another shout out. On Monday night, we did a presentation for the West Valley republican and independent coalition.
Always so fun. I mean, this is a great group of people, and we had a good time. So thank you for having us.
West valley men's networking was on Tuesday. So if you. If you want to meet us in person, if you want to hang out with other people and solve all the world's problems, we meet the second Tuesday of each month. Anthony, are you drinking whiskey right now?
[00:03:12] Speaker C: Yep.
[00:03:13] Speaker D: That is awesome. So I need about halfway through the show, if it seems like you're starting to slur your words, I'm going to turn things over to you more.
[00:03:21] Speaker C: I think this is how I continue my positivity on this show, which probably.
[00:03:26] Speaker D: Conveys to every day in the office, too, as my gu.
[00:03:29] Speaker C: So I don't know numbers. I don't show up sober. So great promotion in our office.
[00:03:37] Speaker D: Yes.
[00:03:37] Speaker C: So.
[00:03:37] Speaker D: So. And today is a light and airy episode because we kind of feel by next Thursday, we're all going to be dead. So we wanted to make sure.
Celebration mode. We only have a few games left.
[00:03:48] Speaker C: Let's talk about Bob Uecker passing. We're recording on the 16th of January, and Bob Uecker has sadly passed away today. So, RIP greatest announcer in baseball.
[00:04:00] Speaker D: Anthony's wearing a baseball shirt. Bobby Ucher's up having a Miller light in. In heaven. So, yeah, it's kind of sad. What a cool guy. Not a good baseball player, but what.
[00:04:09] Speaker C: A great, great announcer. Though he wasn't a bad ball player. He was just, you know, I don't.
[00:04:14] Speaker D: Think he was a good one. The only thing I've ever really heard was about his commercials and his afterload, But I don't know his afterlife. Oops. Sorry, Bob. So moving on, let's get into the show because we have so much to get to. So you know that what we do here every week is we sound alarms. We want to make sure that you are proactive, not reactive, prepared, not scared. With that said couple, you know, I'm gonna hit a couple things real quick. We. We had another. We had a woman text named Lori. Apparently Lori listens every week. I hadn't talked in a while, so I didn't know she was still listening, but Lori asked if we're going to talk about the fires at all. And, and I don't really, I don't really see much of a need to spend much time on the fires because a, I mean it's, we all know what's happening financially. You know, how many billions, not millions of dollars it's going to take to rebuild. We know that our property and casualty insurance in Phoenix is going to go up because of the fires. So we know it's, it's financial, you know, something. And I brought this up on Monday, one thing that people hadn't thought about with the fires, I don't think, you know, a lot of people. When the dollar is devaluing, when the brics currency is heading our way, when everything's changing, a lot of people are looking at gold and silver. So if you were in Pacific Palisades, if you were wherever and they said you have 15 minutes to get out of Dodge, how in the heck are you going to empty your safe full of gold and silver? So, and I had never thought of that before. But there's another downside to that particular hard asset. It's not very mobile. I mean if you have gold, if you have, you know, say a million dollars in gold, that is something you can put in a little bag and take with you. If you have a million dollars in silver, you cannot. So another consideration, if also if you.
[00:06:01] Speaker C: Have that amount of money in gold and silver, you should probably be spending money to safeguard it for these kinds of events. Well, safes, underground safes.
[00:06:11] Speaker D: But looking at some of the footage I've seen, even like a 1200, you know, rated 45 minute, you know, liberty or champion safe, it's not going to make it. You'll, you'll have gold and silver melted to the floor of the safe and sound like disappears.
[00:06:28] Speaker C: It doesn't evaporate, you'll still have it, it'll just be misshaped.
[00:06:31] Speaker D: Do you want me to send you some videos on looters? You want to go that direction? You're not going to have it. Your looters are going to have it. So. But no, I mean it's just there's pros and cons to everything. That's why our big push in life is on diversification and moderation.
I found a Zero hedge article. Vital LA firefighting equipment was handed to Ukraine. Reports show as Americans now caught in raging inferno. It's pretty self explanatory, so I will only read a little bit of this. Many have been naturally focused on thoughts and prayers. Anthony, have you been thinking and praying.
[00:07:08] Speaker C: For people that fell from all my thoughts and prayers.
[00:07:11] Speaker D: All of you. You were in better spread thin. We still have fog and drones to worry about and quite quadmics anyway. Many have been naturally focused on thoughts and prayers for heroic LA and California firefighters and their hoped for ability to push back the raging inferno. But several local headlines from prior years make clear that area firefighters could have been more had more resources to draw from if significant emergency response supplies and items weren't sent to Zelensky. Los Angeles county fire crews are sending some of their extra equipment. If it's extra. Okay, I understand that. Let me skip ahead. This began in the opening months of the Russian invasion and appears to have continued at various times over the last couple years with large expense items like fire trucks having been shipped overseas as well. How much does it cost to ship a fire truck to a foreign country? So we can tie that pretty financially. You know, I'm sure fire trucks are not inexpensive to begin with and then, and then we're sending them overseas. So I, you know, I mean. Okay, last thing on here. Meanwhile, as California burns, Biden is rushing many billions more in taxpayer dollars out the door to go to Ukraine. That is true. That happened again last week. And Biden is still planning a massive final aid package for Ukraine so that as much as possible gets into Kiev's coffers prior to Trump being sworn in on January 20th. How about diverting some of those billions to actual US citizens in LA and I do it even take that further and say maybe give a little bit to North Carolina, maybe even Lahaina or Maui. The spending is absolutely ridiculous. I mean this is crazy. Got another article here from the National Pulse. This One is from the 9th of January. The Biden Harris government announced an additional 500 million. I think that's half of 1,500 million in military assistance for Ukraine on Thursday. This was like last week as intense wildfires are devastating California Defense Secretary Lloyd Austin revealed the funding during a meeting with with Ukraine's President Volodymyr Zelensky at Ramstein Air Base in Germany. That's the dude that like, you know, didn't he go out because of medical reasons and didn't tell anybody? So let's see here. He was in Germany. Now the pair emphasized the supposed importance of continued support for Ukraine and its war with Russia. How much have we given them? I guess we need a total. So any anyway instead of Ukraine and you do remember we, we brought this to you. I don't know, maybe a year and a half ago, we, we through our tax dollars and we are 36.3 trillion in debt. So we are paying money into Ukraine's Social Security system.
You, everybody knows that, right? Some of the money that we're sending over there is not just laundering to come back to the Bidens and, you know, allegedly and so forth. It's actually paying for their Social Security. Ours is broke. Within 10 years, we're going to see how broke it is. So kind of bad.
[00:10:25] Speaker C: They'll print more money. It'll be fine.
[00:10:27] Speaker D: Yeah, that's, that's what they do. But the rest of the world is tired of that and I don't think it's going to go on that much further.
So should we move on to happier news or. And by the way, the politicians, it's not just reserved for one side of the aisle. You know who's the one in Arizona? Kristen Kirsten.
[00:10:46] Speaker C: Oh, wasn't she just in the news for.
[00:10:50] Speaker D: Yeah, big money on her way out that. Oh, yeah, we probably need to dig into it, get some examples of what she's spending on travel and so forth. Right as she's getting ready to get out of office, she's taking the taxpayers for a ride.
So, yeah, you know, when you think about money, these people work for us, they use our money. They're totally out of control. You know, the Festivus Report, the stuff we've been talking about, it's insane. So I don't know, I don't know how any of this ends. I want to talk though about something more imminent. Let's talk for a second about next week. So as Anthony mentioned, today's the 16th as we record. You should hear this the night of the 17th or the 18th or the 19th. So here's an article from Zero Hedge on the 14th of January, and this is scaring me a little bit because Monday is the inauguration. Oh, and there's a big, huge rally. There's a Trump rally the day before. So hopefully no chaos happens on Sunday or Monday anyway. From Zero Hedge, Chinese drone firm DJI eliminates automatic no fly zones one week before Trump's inauguration. Says here dji, the world's largest civilian drone manufacturer and a Chinese owned company, has reportedly announced that it will replace its Geo fencing system with official Federal Aviation Administration data for all flight operations in the U.S. the changes, which took effect on Monday, come just one week before President Trump's inauguration to Washington D.C. as well as concerns about drones across U.S. cities hovering near U.S. military installations. The official DJI blog Viewpoints provided more color on the geofencing policy change which will not allow drone operators to fly in previously restricted. I'm sorry. Now allow drone operators to fly in previously restricted no fly zones X Users responded with suspicion to the new policy and its potential implications for high value US Government assets such as military bases, airports, infrastructure and even highly restricted airspace in metro areas. Others were questioning the timing of this policy update just one week before. The timing of this policy change is alarming. So what do we recommend people to do? I mean, should you lay low on Sunday and Monday? Is this just all coincidental? I mean, you know, Anthony, I been with you long enough to know you're not worried really about anything. You're like, there's always been something to worry about. This, this stuff, it just keeps happening. Nothing's going to come of it. And, and you're probably right. It's just, it's kind of frustrating me almost like I'm like, you know, they something.
[00:13:49] Speaker C: When was the Oklahoma City bombing and when was the terrorist attacks on the twin towers? It wasn't on a major event where everybody is paying attention. It was on a random day. So are you going to be scared every day or just scared on holidays where nothing's really happened?
[00:14:09] Speaker D: I think that that's a great question. I don't know. You know, people that want to make a name for themselves, people that want us to remember things, they need to pick their own date. I mean, 9, 11. We actually, that's, that's what, Patriots Day. Now the twin tower planes actually created a national holiday in this country. So that's funny. I mean, now we have a national holiday tied to people that wanted to hurt us, kill us, maim us. You know, the financial district of the world is right there. So I don't know. And I mean to your point, it almost seems too obvious that something could happen on Sunday or Monday. It's just too obvious. My thing is my biggest fear. And yeah, maybe you should live a little bit in fear all the time. At least beyond yellow. Be on red, but be on yellow all the time is because when you have Chinese buying up land by military bases, when you have completely open borders for four years, we've always had somewhat open borders, but it's been a very big push to bring people in this country, a lot of which it seems don't care for us in our way of life. So I don't know. I mean, you know, there's the CIA operatives that have been coming out saying that there's between 1000 and 1500. Al Qaeda, ISIS or whatever they are, Taliban that want to do us harm. The Chinese have hacked into our water, you know, systems into our power grid. I think something's going to give and then it'll be like dominoes. I don't think it's like the Oklahoma City bombing. I don't think it's going to be like the Twin Towers. I think it's going to be more major. It'll be bigger. What day if it happens? What day? I don't know. You know, let me, let me get to another article here. I love the name of this publication, by the way. This is from the End Times headlines. So I got this from two different people, I got to say.
[00:15:59] Speaker C: Are you writing these articles now? Did you move on? Are you a journalist?
[00:16:02] Speaker D: I need to. And I have plenty to say. I have plenty to say. But you, you kind of have to admit, I mean, when you look at the last six years that you've been in the office six and a half years, the conspiracy theories, they've all kind of come true. I mean, the people that told you the vaccine didn't really work, you know, the people that told you the max didn't wear all the stuff that you heard more recently, it's kind of been proven that it was all correct. You know, when they censored all the media, we said, no, they didn't. Or apparently they did. Mark Zuckerberg just came out who said he never censored things on Capitol Hill. And now he said, we're going to stop censoring things. Well, which is it? Did you not censor things before or did you and you were lying and now you're going to stop, which you're not, but whatever. So anyway, from the End Times headlines. This is on Sunday, the 12th of January, and I got this from John in Peoria and also Cheryl, one of my friends that works at Desert Diamond Casino, West Valley. We're looking for sponsors. So, three Humvees and a cache of machine gun mounts stolen from a California army base. A gang of thieves broke into a military base in California and stole three Humvees along with a variety of equipment, including machine gun mounts. The Tustin Police Department reported that the suspects accessed the Army Reserve center in Orange county on Wednesday evening. So I take it that's not on fire. Officials stated that the brazen robberies made off with three Humvees, one of which was armored. They also took eight machine gun mounts, tripods, medical equipment, 40 pairs of binoculars and 18 bayonets.
I don't know why that cracks me up. Are we, you know, is it all going to be a drone war? Is there going to be a land war? And maybe a little of each. Detectives later found several storage lockers with the locks removed and gear missing. The report indicated a fence was cut to gain access to a military vehicle parking lot where three humvees were stolen. The suspects left the area at an unknown time. I have a question for you. Military base in California. You ever heard of cameras? You got no ring doorbell on the fence or any other cameras. All right, so fear riddled onlookers. Fear riddled. Sounds like me, doesn't Anthony? Although I'm really not. I've done what you always say. I've prepared to the best of my abilities. We bring this information to people that aren't hearing it, so they prepare at least to the level that I am and you are. Have a little extra food and water. So fear riddled onlookers have since taken to social media to share their worries and concerns over the stolen military grade assets.
Why does it feel like a slow attack is brewing? You know what the difference is, Anthony, with your thought process on some of this? In mine, if I am wrong and you are right and we're just going to keep skating forever, stock market can only go up. There's never going to be, you know, the dominoes that I think are going to fall and the bricks are going to back down. If I'm wrong, who cares? This has been fun, interesting to do the show. We do have a lot of people that enjoy it, look forward to it. There's a lot of people that look into the stuff I bring to the show every week. So I know it's been positive in some people's lives. But if I'm right and you are wrong, that something is coming and it's going to be like domino's. Instead of having to worry about one thing, you have to worry about 10, the stakes are high. It's kind of like, you know, you and I in the past, especially because I am your stepfather, your favorite one you've ever had. You and I have talked about religion and Christianity, about a higher power God, if you will. If the people that believe in fire insurance are wrong and you don't need to have it, so what? It's something in your life, you know, I mean, but if people that don't believe but they're wrong, you know, life in eternal hell seems like the stakes are higher. But we will see. So let's. You got anything to say I know.
[00:20:02] Speaker C: You almost made my point for me. Like, again, prepared, not scared. We say it a thousand times on the show. I've done all the preparing, and now I'm just enjoying everything else. And you, however, have done the preparing, but you enjoy nothing.
[00:20:16] Speaker D: You are slowing anymore.
[00:20:19] Speaker C: Misery and doom and gloom for everybody, because all you have to do is just have fun. If you could just go have fun because you've done all the steps to prepare. That's all you have to do. I'm rooting for you.
I want you to be happy, James. That's all I want.
[00:20:33] Speaker D: I want a clip to come out with me calling out Anthony on how full of beans he is. I have done what I can within my means. I have done what I can within my space constraints and time and all that. I don't worry. I do this show on current events to sound alarms because I meet all kinds of people that have no extra food and water. And if you are in the D.C. area and there is any kind of ruckus, I notice they're putting up a bunch of.
[00:20:58] Speaker C: And those people should be worried. They definitely should be worried.
[00:21:01] Speaker D: That's the purpose of this show, is to make everybody as prepared as they can be for their level of income and space.
[00:21:08] Speaker C: Maybe I'm just more positive because I believe that anybody who's listened to this show has prepared.
[00:21:13] Speaker D: Oh, no. No, they haven't. There's people that have told me to be.
[00:21:16] Speaker C: What are you guys doing out there? Not preparing, but, you know, directly at you.
[00:21:24] Speaker D: I mean, I feel like I'm enjoying as much as I can for somebody who's, like, always on edge.
[00:21:30] Speaker C: I mean, you're just taking all of the. All of the burden for everybody. So you've got to be scared all the time so you can help others.
[00:21:37] Speaker D: Well, and I'm doing my job. Once I pass it along, once the burden is on their shoulders, I can chill. I've done what I can all week to find stuff that people need to know in one hour, and then I can move on. Unfortunately, then I have to move on for the next week, for the next show. But, yeah.
[00:21:51] Speaker C: So please, for Junior sake, if you listen to the show regularly, please just be prepared, and then JR can move on with his life and he can be much happier until the next week. I'm asking as a concerned stepson. This is a family matter. And if you see Junior, he's in very poor health, and we're trying to help him be better. And by you guys being better, that will help J.R. be better. So please and thank you thoughts and.
[00:22:17] Speaker D: Prayers and come in the office and sit down with us because we want to meet more of you. So good.
[00:22:22] Speaker C: And then you can see how unhealthy JR is in person. And then you won't take this as lightly. And then you will prepare. These are all ideas I love.
[00:22:31] Speaker D: We're going to do a GoFundMe account with everybody that comes in the office, raise a bunch of money to buy health insurance, life insurance, disability insurance and long term care insurance for jr. We.
[00:22:39] Speaker C: Had somebody talk to us about the generational wealth transfer in your.
[00:22:43] Speaker D: Yes.
[00:22:44] Speaker C: Speaking to this last Monday and I liked that most people don't think about that. I like that. Well, that was an episode from a few weeks ago. So if you want to hear that, reach out to us at team and another money show.com and then we will let you know which episode that was.
[00:23:00] Speaker D: So one of the things that I brought up on Monday night, if you have paid down debt, if you do have hard assets, if you've done everything you can so you're, you are prepared, not scared. You are, you have been proactive. I will tell you something. Enjoy your life too. I mean here's one rare minute of happiness. Happy Junior, you know, I'll give you a quick family history story. Anthony, you know it. Sam, you do not. Most people listening would have no idea. So my mom died at 56 years of age. She was alive on a Thursday, gone on a Friday. Had no idea she was going to be gone. I don't think I had talked to her on that Thursday. And she was married to a corporate attorney for Motorola, a guy named Bob, I won't say his last name, but she, they had a house in Florida, house in Illinois, Chicago, Illinois. She did all right. She drove what she wanted to drive. She ate what she wanted to eat. She lived where she want to live. They traveled. So if you knew you were going to die at 56, would you live differently? I think most people would say yes. I always make the joke when I'm talking about life insurance planning. Tell me what, when you're going to die. I'll tell you how much to get, what kind to get. I'll tell you how much to spend. I'll tell you if you get a ski mask and rob a bank. So yeah, she died. My father, to take the other side of the coin, he had cancer. He had six weeks to live in 1998. He passed away in 2013. I worked with him for almost 11 years after he was told he had six weeks to live he had cancer that metastasized. They, they, they said basically, like he's done. They didn't even treat him right away. I mean, they, they basically he was like, you know, comfort care, St. Joe's I remember hospice getting involved. They had him on liquid morphine in the hospital. So anyway, so he had 15 years of cancer. Never got rid of the cancer. So he had, he had bone density scans regularly. He was on different cancer meds. I went with him a few times to a support group for people with cancer. I mean, it was just, you know, he had 15 years. My father did always enjoy life. I will say that he was a moderate person. They traveled every summer. So but it just to, to, for your own parents. One to die over 15 years and one to die overnight. One thing I've learned, life is a balancing act. Live for today and tomorrow, maybe do certain things that are smart. Save a little more than you spend, but enjoy life, too. We bring you all the doom and gloom, but I can tell you something. You want a brand new car. Got a client named Kevin. I saw his car on Tuesday. Gorgeous car. Get the new car because life might be short.
And by the way, a car, it's a hard asset. You own something, you know, Is it a depreciating asset? You're a financial advisor. That's garbage advice. No, it is a depreciation. But it's a hard asset. You own it if it brings you joy and you've already done the other things in your life that you need to go get the car.
We will be right back. Thank you as always for being here. We appreciate it.
[00:26:03] Speaker B: Wouldn't you love another money show? You would if it were as good as this one. This is another money show.
[00:26:20] Speaker A: When it comes to retirement planning. Focus more on income than building a big nest egg. I'm Matt McClure with the Retirement radio network, powered by Amerilife. It may sound counterintuitive, but that big nest egg number you probably have in your head means a lot less than the income you'll have each month in.
[00:26:38] Speaker E: The math has all changed here. But the bottom line is time is your superpower. Save as much as you can.
[00:26:43] Speaker A: NBC News senior business correspondent Christine Romans recently said on the Today show that you should not just rely on Social Security in your retirement years.
[00:26:51] Speaker E: Social Security alone is not likely to support you in the manner to which you are accustomed.
[00:26:55] Speaker D: Right.
[00:26:56] Speaker E: You want to wait as long as possible to get that. Maybe 70. If you wait till you're 70 to collect Social Security, you'll get the biggest.
[00:27:02] Speaker A: Check and she says contribute to your retirement accounts early and often.
[00:27:06] Speaker E: So this is from Fidelity. They say at age 30 you should have one time your salary in a retirement account when you're 30. So think about what your salary is at age 30 and that's how much you should have in your retirement account. By 50 it should be 6. This is where I start to freak out because I know a lot of people can't and don't do this. By age 67 it should be 10.
[00:27:23] Speaker A: Times a personal pension. Using a fixed indexed annuity is also a great option for many pre retirees and retirees to consider. It offers protection from market volatility and a guaranteed stream of income that will last the rest of your life no matter how long you live. Having a big nest egg may sound nice, but focusing more on income will set you up for success in your golden years. So do you know where your paychecks and playchecks will come from each month when you leave the workforce? That's a key question to consider as you plan for what's ahead with the retirement radio network powered by AmericanLife. I'm Matt McClure.
[00:28:00] Speaker B: This is another Money show. Except this one's different. This one's actually fun.
[00:28:06] Speaker D: Welcome back to another Money Show. Thank you as always for taking time to be with us. We are every Saturday at noon on 960 the Patriot and it re airs if it was too much to process in one hour. Re airs Sunday at one also on 960 Patriot. Or you can find us wherever you find podcasts like Google or Amazon or one of those. Speaking of Google, I'm going to jump in line of my articles because I read something interesting about Google. This is from the Business Insider on 9 January, if you want to read this, because I will only read a hair of it. Google donates 1 million to Trump's inauguration.
Google is joining tech companies like Amazon and Meta donating to Donald Trump's inauguration. The search giant said it's giving $1 million more than triple what it gave Trump in 2017.
In September, Trump threatened to prosecute Google if he was elected president. Hmm. I mean, is this buying their love? Is this a conflict of interest?
[00:29:13] Speaker C: Well, hopefully if he threatened it, he'll follow through even with this bribe.
[00:29:17] Speaker D: Well, I did look back at an article we brought out last March. Google controls 92% of all Internet searches, so that'd be a big change. A lot of people are gonna have to switch over to DuckDuckGo from Google. So one of the big differences between the first term, in the first term, everyone was fighting me. This is from Donald Trump. In this term, everyone wants to be my friend. I don't know, my personality changed or something. He added. Since winning the election in November, Trump has raised more than 200 million in donations. So let's take you back for a second in. We brought you an article from the American Thinker on 3-21-24. Orwellian. Google changes the definition of bloodbath to match the mainstream media narrative. Do you remember that Anthony Trump in one of his speeches was talking about the auto industry in specific and about our economy and he said that if he's not elected, it's going to be a bloodbath. They.
[00:30:20] Speaker C: As a threat.
[00:30:21] Speaker D: Yes. They basically said if he's not our next president, the country is going to go into civil war and be a bloodbath. And Google modified the searches so you couldn't see what he really said and how it came across. That's crazy. I mean, talk about 1984, George Orwell. We are living it currently. And again, I mean, Zuckerberg, really, I mean, you either were or you were not censoring things like Ivermectin and so.
[00:30:46] Speaker C: Forth and very funny. The, the immediate changes they're making at Meta after he got elected and Google and yeah, yeah, they don't care about Uri or any of this. It's just bowing down to whoever's actually in power so that they continue to do whatever they want.
[00:31:03] Speaker D: And correct me if I'm wrong, but there's nothing left in this country, nothing left in this world but the haves versus the have nots. It's all about money. I mean, you and I and Sam, before we started recording, we're talking about YouTube, all the ads. Well, what do they do so you don't have to see all the ads. Give me more money and we'll give you the, you know, the, the prime version. I don't know, it's crazy. So back to the end of the world. I want to finish up on the end of the world, then I'm going to. I am actually going to get to a couple of funny things today. So on Zero Hedge on 13 January, there was an article that shook me a hair. FBI's Ray drops Chinese Infiltration Bomb on his way out. Warns of threat to critical infrastructure. So, Anthony, this is the stuff. You know, whether there's going to be any kind of a drone attack on Monday, I doubt it. I don't know. I think people should be whatever they find comfortable. If you want to modify your day and you don't want to be there, cool. If you want to stay away from large crowds in the day, cool. Do your thing. If you don't want to live in fear, do your thing. You do you so but this is terrifying. While the FBI, the same FBI that participated in the Russiagate hoax, polarizing half of America into focusing on the Kremlin for a decade, the Chinese government, the same one that enriched the Biden family to the tune of millions, has apparently been lying in wait all over America and is ready to attack critical infrastructure at a moment's notice. According to the outgoing FBI Director Christopher Wray in a Sunday appearance on 60 Minutes, the Chinese government I need to go and look at that on YouTube with commercials. The Chinese government is pretty positioning on American civilian critical infrastructure to lie in wait on those networks to be in a position to wreak havoc and inflict real world harm at a time and place of their choosing. Ray described the CCP as the greatest long term threat and the defining threat of our generation due in part to its state funded cyber program that's poised to wreak havoc on a whim targeting water treatment plants, the electrical grid, natural gas infrastructure and other systems. According to Ray, China has pre positioned malware throughout America. We told you a few weeks ago, if you text from an Android to a iPhone, you know they've got a bug in that system. It's all over the place. So he also said that Beijing has been listening to communications by high level US officials. So correct me if I'm wrong, but Christopher Wray, he's the head of the FBI. If anybody is going to know that we should be scared, it's him. It's not Anthony from another money show, it's Christopher Wray. Let's see here. We've now reached the point where the FBI is opening a new China related counterintelligence case approximately every 10 hours, said the FBI chief, speaking at an event hosted by the Hudson Institute. A cyber strike of that scale would aim to impede the deployment of U.S. troops, induce societal panic and otherwise interfere with U.S. military actions, according to the report. One more thing I'll read here. In a January 6 press conference, Chinese Foreign Ministry spokesperson Jiang Kun Jiao denied Beijing's hacking program. We urge the US to stop the issue of cybersecurity, to vilify and smear China. For quite some time the US has been trumpeting so called Chinese hacking and even using it to impose illegal and unilateral sanctions on China. This, this Scares me. China.
It's been proven that they bought a whole bunch of land by US military bases. They flew a couple balloons around the country. You know, there's people that think it's Chinese drones that have been creating a havoc in New Jersey and elsewhere. So if they have put malware in the water treatment facilities and they can stop us from getting water, if they can stop our electrical grid from working, man, we will be. We'll go back to the stone age. And I mean I can't even fathom this. As much as I worry about dominoes falling, the dollar devaluing, the stock market crashing, all the things I can picture, none of this bad, you kind of resonate with you or another you'll believe it when you see it.
[00:35:38] Speaker C: Pretty sure you can fathom it.
[00:35:40] Speaker D: I don't know why I laugh and half of what you say because you're not funny, you're fat.
[00:35:45] Speaker C: And look as long as I should be able to.
[00:35:47] Speaker D: So at least you're making me laugh. I mean I'll give you credit for one thing, you make me laugh. So anyway, I know, let's switch gears because that is truly horrifying if one day you wake up and your cell phone doesn't work, hopefully you already have a little food and water protection. So Anthony, let me, let me get you involved in something. You sent me an article from AOL.com AOL.com beep beep beep beep beep. How long does it take you to.
[00:36:10] Speaker C: Pull up Search Engine of the Future.
[00:36:13] Speaker D: Right. It was from a dial up at Anthony's house. So this article was from the 13th of January. Pretty timely. SEC, that's the old securities and Exchange Commission charges Robinhood with securities violations brokerage to pay $45 million penalty. $45 million penalty. I mean a couple questions before you dig into this for me. One thing, I mean do you think there's a lot of money involved in the financial services industry where $45 million and it's not going to affect them? 45 million.
[00:36:48] Speaker C: I mean $45 million is practically a trillion dollars. So it's really hard to even say.
[00:36:55] Speaker D: Wow, I'm never going to hear the end of that, am I? And you know I'm gonna have.
[00:36:59] Speaker C: Robin Hood's been a mess since the beginning.
We've all known that. And it was funny. You remember we've talked about really early on in this show that they put in bulletproof glass because they had people coming and protesting because they let people trade on margin who can barely tie their shoes there Was we talked about probably in that same episode, a man, boy, I should say probably early 20s, late teens, committed suicide because he thought he had lost like $700,000 to short selling. And he didn't. The. They just hadn't processed all the trades and whatever they did, but he didn't know any better, so he committed suicide, which is incredibly sad. I had a friend over last week who essentially did the exact same thing. And I think it was Robin Hood. If it wasn't, it was an app similar, but he accidentally shorted a stock and then bought the shares to make sure that he owned the shares in case something bad happened. And of course, something bad did happen. And he woke up the next day to find out that he was down 200,000. The following day, I think it was 500,000, which he immediately got margin called to then find out that they figured out that he owned the actual shares he had shorted. So then, you know, no harm, no foul.
[00:38:21] Speaker D: Wait, let me stop you there. First of all, you had me for a second. You had me going at, you had a friend. You have a friend. You may not have a friend, right, but you've got a friend that's got 200 grand cover margin.
[00:38:33] Speaker C: No, no, no, no, no, no. He definitely didn't have that kind of money to cover. But he had accidentally shorted a stock on one of these sites because they make it incredibly easy to gamble away money that you'll never be able to pay back, like Robinhood. So he accidentally shorted. He bought the shares after realizing what he had done to make sure if anything bad did happen, he could cover them because shorting its stock is selling shares you don't own. So he went back and bought those shares to make sure he had them. But yeah, the whole. Everything he said in that store reminded me exactly of what happened to that poor kid. So anytime I think of Robin Hood, I think of that. I think of the GameStop. If you've never watched the movie Dumb Money, it's on Netflix.
Amazing explanation and entertaining explanation. Explanation of what happened during that time frame, which I was so weird that way. We did have the show during that, and I remember before it became famous friends telling me, you know, you should buy GameStop, and thinking, well, this is the dumbest thing I've ever heard. And then realizing why they were buying it and thinking, this is the smartest thing I've ever heard.
It's all gamble. None of it's legit. I hate the market. That's. That's it. I mean, there's really. There's really nothing else to say.
None of it makes sense. None of this is buying stuff because it's smart. It's because it's buying stuff.
[00:40:03] Speaker D: That's the world we live in. You, you spent two or three weeks pushing us towards cryptocurrency. And I have one article today. Not that I want to get you back on that train, but I got. I got a juicy one. But this. I mean, it says here Robinhood securities made at least 11,849 EBS submissions. That stands for electronic blue sheets, the commission.
Let's see here. It says here those errors result in misreporting of EBS data for at least 392 million transactions. And I mean, that's a lot of errors. That's a lot of erroneous problems. So maybe 45 million is not enough of a fine. Apparently, they're going to be okay. What kind of money do they make over there? Says here, we are well positioned to continue leading the industry in developing the innovative products and services our customers want and need to participate in US and global financial markets. Moskowitz said we look forward to working with the SEC under a new administration. I bet you do. I bet you do. If that was in the Biden administration, and maybe Trump will be more friendly to the shenanigans. I bet you do. But I don't know.
Let's switch gears. Here's from the Daily HL. On 7 January, AI Coin Trader prints $17,640,000 in profits with Fartcoin.
You want. You want me to say that again? Sam, please tell me you have sound effects back there somewhere. Fartcoin, goat. And two additional altcoins coins.
[00:41:44] Speaker C: People are making money off of that just like they made money off Dogecoin, just like they made money off Shiba Inu, just like they made money off Haktua.
[00:41:52] Speaker D: And now we're on Fartcoin. It's just never ending.
[00:41:55] Speaker C: And I. We're gonna buy it. Let people make money. If people can make money, good for them, good for them. I don't care.
[00:42:01] Speaker D: It's the whole financial system. It's. It's. I don't know. No, you're right. You're right. I'm. I'm being Archie Bunker. Get off my lawn. But it's just like, oh, holy crap, you know, to buy fart coin, become a millionaire, I guess. Good on you. But most people are going to lose their ass, and you know it. I know it. So just to give you an idea of the scope of some of this stuff. Goat is the 200, 208th largest crypto project. They don't call them cryptocurrencies, they call them projects.
[00:42:30] Speaker C: Well, it's not a, it's a project at least makes sense from a vocabulary standpoint.
[00:42:38] Speaker D: So ARC, let's see. FartCoin is the 119th largest crypto project. ARC is the 239th largest crypto project. What a, what a scam. Let's, let's go to more traditional financing, investing, that sort of thing. Check out msn.com on the 8th of January. Meet the nine lawmakers who out traded the California Representative Nancy Pelosi in stocks in 2024.
[00:43:11] Speaker C: Is there an ETF to follow? Each of those guys is my nance. ETF is making a ton of money right now. So if I could make more money with these guys, I'm all about it.
[00:43:22] Speaker D: Well, and, and good on you. I mean if you listen to the show, maybe you are getting some ideas and making some money on this. We never give advice, specific advice on the show. We read articles to make fun of things in general.
[00:43:34] Speaker C: But this has only been around for almost a year and in that year. Oh wait, no, almost two years. In those two years Nance from unusual whales has made 60%. Just, just under 60%. We're at.
[00:43:49] Speaker D: Well, wait till you hear this five right now. Let me, let me. It sounds to me like he's a crappy investor. Let me read a little bit of this to you. Former House Speaker Nancy Pelosi outperformed the S&P 500 index by over 280% in 2024. But yet she still fell behind nine of her congressional colleagues. Pelosi's portfolio's 70.9% increase from 12-29-23 to 12-30-24 was nearly triple the S&P 500s 24.9% return. How in the hell did the S&P 500 return 25% last year? But it fell below those of Republican North Carolina Rep. David Rouser and Democratic Florida Rep. Debbie Wasserman Schultz who saw returns of 149% and 142%. Topping the list of Members of Congress Democratic Oregon Center Ron Wyden, Republican Texas Rep. Roger Williams and Democratic Kentucky Rep. Morgan McGarvey's portfolios saw double digit increases rising 123%, 111% and 105% respectively according to financial data plan form unusual Wales 2024 Congress trading report. Pelosi's annual returns also lag behind those are Republican Reps. Larry Bouchon of Indiana, Pete Sessions of Texas, who saw increases of 98 and 95%. I guess I don't have to keep reading about these swampy people, but here's something interesting. Pelosi's 2024 rate of return was more than double that of legendary investor Warren Buffett's Berkshire Hathaway, which saw a 27.1% annual return. Return. It also exceeded her 65.5 gain in 2023.
So, yeah. Longtime congresswoman has faced pass.
She prevented the elected leaders from owning securities and investments. Yeah. This is. This is absolutely insane. These people that work for us. Last thing I'm going to read from this. Pelosi's husband Paul, an investment banker, manages her portfolio. Speaker Pelosi does not own any stocks and she has no prior knowledge or subsequent involvement in any transactions. A spokesperson for Pelosi's office told the Daily Caller News Foundation. That is one lucky, lucky lady, Paul. Hammerman. Hammer time. She. She's lucky to be married to that is savvy investor. So stop telling me stuff about Warren Buffett, how smart he is. Warren, you're gone. Nancy, you're in.
This is insane. You work for us. Luck.
[00:46:46] Speaker C: She like 95 years old. So she's got. What is she gonna do with all that money? Is she gonna.
[00:46:51] Speaker D: No.
[00:46:52] Speaker C: Why are any of these people still working at this age in Congress?
[00:46:58] Speaker D: The ego. How will the.
[00:47:00] Speaker C: Yes. Psychopath. There's no reason. If I had that kind of money. I'm not working. If I had like a million dollars right now, I'm probably not working. Will that last?
Probably not, but I'll worry about that at that point. But I'm not working if I have that kind of money today.
[00:47:18] Speaker D: Look at me. I have no money and I'm barely working every day now. I mean, I don't have any. I don't have a pot to. You know what. And what did I say last week? You know, like the military. Stop peeing on my leg and tell me it's raining. You know that last part about, you know, she has no knowledge. Okay. Okay, I believe you. Let's do this. I don't know how much time we have left, but let's switch gears and talk about something else. The confirmation hearings just. I don't know why. That just popped my head. Are you watching any of that, Anthony?
[00:47:43] Speaker C: I'm not watching anything. And you know that it.
[00:47:45] Speaker D: I know, I know. I just bring that up to kind of compare and contrast. Like I. I watch everything and you watch nothing. So we're right in the middle. We're very moderate.
[00:47:52] Speaker C: That's why I listen to another money show, so I can learn too. This is a learning experience for me.
[00:47:58] Speaker D: Well, just trust me. I know you love comedies. I know you like to laugh. You like stand up comedians. You need to watch some of, at least some of the clips, the highlights of the congressional meetings. It's amazing. I mean, going after these people. It's amazing to hear the farewell speech and Biden. I mean, I heard part of it. I'm. I just, I'm blown away by the fact that this country still even exists. I am blown away because we are ridiculous. And I love Biden. You know, we have to hear again about what threatens our entire democracy. I mean, we keep hearing how our democracy is threatened. Yeah, boy. I'll tell you what.
[00:48:38] Speaker C: Kamala was appointed to be the primary for the last election, or was she.
[00:48:44] Speaker D: Elected in the primary to run against Trump? Yeah, he was appointed. There was no election.
[00:48:49] Speaker C: Oh, so that's not a threat to democracy too?
[00:48:54] Speaker D: That's different.
[00:48:55] Speaker C: Clearing things up, making sure I'm following along.
[00:48:58] Speaker D: That's different. Yeah. So. And. And I've said to you since I've known you that every election we have is the most important election of, of our lifetime. And you know what? I'm not wrong. Each one has become more and more important. So we. The the next four years with tariffs, with borders, with deportations, it's going to be very.
[00:49:15] Speaker C: I love the Trump as a threat to democracy argument when she was appointed.
[00:49:21] Speaker D: Well, don't forget, when Trump first came in on the first term, they said, you're gonna let this crazy man have access to the button. We're gonna go into World War iii. He's gonna nuke the world.
[00:49:30] Speaker C: And they used all that same thing to the second time around, too.
[00:49:33] Speaker D: Yes, yes.
[00:49:34] Speaker C: They used it all. And it's like, well, you lied to me the first time about it, so why aren't you.
[00:49:39] Speaker D: But this time it's more China than Russia. That's going to take us all down.
[00:49:42] Speaker C: Exhausting.
[00:49:44] Speaker D: It's exhausting being a person in this country. I mean, when you, when you look around, I mean, just. And everybody's pitting. The media is pitting us against each other. Gay versus straight, black versus white. I mean, haves versus the have nots.
[00:49:56] Speaker C: Is the one just pitting me against you. And that's tough enough.
[00:50:00] Speaker D: Oh, yeah. We need Sam's help to get us going. It's so funny because when people hear the show, they probably wonder Remember the Doctor we had, like, a couple years ago?
[00:50:07] Speaker C: Oh, yeah.
[00:50:08] Speaker D: You know, we're going to wind up hating each other, stop doing the show, maybe become unrelated.
[00:50:13] Speaker C: Hating you. I've never liked you.
[00:50:15] Speaker D: I understand that, but hate is a different level. You just dislike.
[00:50:18] Speaker C: Yeah. I feel like for hate, I would have to care.
Very indifferent.
[00:50:23] Speaker D: That is true. All right. I'm glad we're laughing at our last episode during not.
[00:50:28] Speaker C: We're going to be dead, according to you, before any of this goes down. It's going to be in Zukula's holocaust. Everybody is dead. So this episode, all of the or, right before. Right. Everything's happening on Monday the 20th?
[00:50:39] Speaker D: Yes. But if you're listening, Sunday at one during the big Trump rally, I want to know if that's when everything gets weird, too. So, Sam put up a picture of our website. It says, achieving lasting solutions.
[00:50:52] Speaker C: And by lasting, we mean until the 20th of January of 2025.
[00:50:57] Speaker D: Yes. And I'm worried about Anthony offing himself. Now. I didn't have that fear before, but now I have to. So let's switch gears because I know we don't have much time left, but I want to bring something up. I had a woman who lives in Sun City make a copy of a letter she received from her bank and give it to me. And I. And I just. I. You know, we. We.
[00:51:19] Speaker C: How is that not the biggest part of this show? Why are you waiting for there to be four minutes left?
[00:51:23] Speaker D: Well, I was real iffy on whether I want to bring it up to begin with, because it's. You want me to bring it up for information? No, I wanted to bring up the China infrastructure thing because that's what actually does frighten me. All this stuff about drones and fog and quad dynamics. If they get here, I'll deal with it. Kind of like you. I'm just. I'm whatever comes my way. No, but, you know, I mean, I've. I have taken EMP classes. I took three classes from a guy named Cat Thor, his real name, by the way, on EMPs and what it would do to this country. And he brought the receipts. He showed how the government's been worried about it forever. So, anyway, so this letter, I'm just going to read a little bit of it. This is a real letter from the beginning of this month, January of 2025.
Obviously, I won't say the name. Dear name unknown, Wells Fargo performs ongoing reviews of its account relationships in connection with the bank's responsibility to manage risks in its banking operations. We recently reviewed your Account relationship. And as a result of this review, we will be closing your above reference accounts. The accounts are expected to close by February 20, 2025, or you may contact the bank to initiate closure at an earlier date. The bank's decision to close your accounts is final. Please note that the bank reserves the right to close the subject account sooner than February 20th if circumstances arise that warrant an earlier closing. Also be aware that some circumstances may delay the closure of your accounts. To learn more referred to. What am I? What may delay this thing is two pages long, but that's all I'm going to read. If you.
[00:53:02] Speaker C: Those are the only. Like, the first paragraph was really the only important part. That said, we've decided we don't like what you're doing and we're closing your account.
[00:53:11] Speaker D: Also said they're going to go after this poor lady. If you know there's insufficient funds, it's a little more. But the bottom line is you think you're safe at a bank. Like we've told you, the FDIC insurance has 1.2% in its coffers. They can debank you if they don't like you. This is a woman from Sun City. She's not funding terrorism. She's not drug laundering.
[00:53:33] Speaker C: Maybe she should start.
[00:53:35] Speaker D: Yes, but with a different financial institution because Wells Fargo, that opens up fake accounts all over the place. You know, the moral voice of the banking industry instead of this woman in Sun City. Get out. Go. Go to you know where. Oh, my gosh.
[00:53:50] Speaker C: They're the worst bank in the world. The worst. But they're judging her.
[00:53:56] Speaker D: Yeah. And if you want to copy this letter to see it for yourself, the pertinent information is blacked out. I'll share with people. I mean, I'm just stunned.
So I think, Anthony, I think we're.
[00:54:06] Speaker C: Running today's show, so I. Yeah, no, I definitely think we ran out of time. Anyways, if you like what you heard, you have questions about any topics to. Today you want to sit down with us to review your personal financial situation, you can reach us at teamothermoneyshow.com by email. Find us on the web anothermoney show.com give us a call, 623-523-0444. That number again is 623-523-0444. Remember, if you want to sit with us, Jer mentioned this early in the show. There's no minimums. If you're poor and you have no money and you're like, I don't need to see a financial advisor well, somebody's got to set you on the right track. So please reach out to us, especially if you have no money. Give us an hour of your time. Let us help you, put put you on a path. Maybe you change your future. There's no cost for appointments. We're not charging to sit down for any of these plans. There's nothing really to lose by sitting down with us and getting a second opinion on your financial situation. But until then, we will see you again next Saturday at noon right here at 9:60, the patriot and re airing 1:00pm on Sundays. 9:60, the patriot.
[00:55:21] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com Investment advisory services offer through Brookstone Capital Management, LLC, BCM. A registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
