[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 Correjo and J.R. rochford.
[00:00:43] Speaker C: Happy New Year. Here we are, your hosts, Anthony Correjo and J.R. rochford, taking a break from our day to day as financial advisors with Rochford and Associates, a fully independent fourth generation family office right here in Sun City to bring information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. It's nice to be back.
[00:01:07] Speaker A: It is nice to be back. So, yeah, I mean, happy, healthy, Mostly healthy, happy 2025. We hope people are doing well and you had a good Christmas and all that stuff. You know, Anthony, you pointed out the fact before the show that I use dates like when things are going to be different. January 1st, everything's going to be okay. I.
I don't know. I mean, you know, and shooting in front of a nightclub in Queens, New York. You know, I'm sure we've heard about that Tesla truck blowing up in front of the Trump Hotel in Las Vegas. Truck going up the sidewalk in New Orleans. I mean, if you've listened to the news the last few days, you know that maybe this year so far is not starting out to be any different. I love the media, by the way, and I know that's not our job to cover this. You can get this at plenty other sources, but I love the fact that they cover up the ISIS flag. You know, you're just hearing now, or by now you've heard that both of the people involved in the cyber truck explosion and the sidewalk running truck, both of those vehicles were rented through the same car app, I think. Anthony, you rented a Corvette through it. Turo, Is that what it is? So, and now it turns out they're both army, they're both soldiers, I guess one's active duty, one's a veteran. You know, there was a CIA officer, see if I can find her name quickly, who was interviewed about a month ago and she said that there's over a thousand.
There's over a thousand people here that Al Qaeda. Let's see here. In a clip of an interview posted on Saturday to the social media platform X, Adams told Ryan that at least 1,000 al Qaeda trained fighters have found their way onto US soil and stand poised to carry out a coordinated attack inspired by or comparable to the Hamas lethal. October 7, 2023 attack on Israel. Let's say they work in pairs of two and there's only 500 attacks. Just like New Orleans over the next, I don't know, three weeks maybe this is all leading up to drunk. Do they think they're going to get deported? So they're trying to get this either system. Is this to thwart the inauguration? I mean what you're saying makes sense, Anthony, but if you were on the sidewalk on New Year's Eve in New Orleans, would you think that's a pretty small number? It's like the old thing with M and Ms. If you have 10,000m andms. And only a few are poison where you'll die, would you eat M&M's? I mean, I follow what you're saying. I just, I think this country, I think January 1st, quite frankly, nothing has changed. I, if we get through the next three weeks without things going real sketchy, I'll be super impressed. I'll be super happy. I mean I don't want the stuff to happen. You know one thing about me and this show, I, I hope people think I'm not enjoying it when I bring you stuff that I glean every week because I, I, I'm not enjoying it. So in, in a happier, in a happier.
What's that? Sam, Sam said the new date to reach is 1:23.
[00:04:05] Speaker C: Is that, I mean the post inauguration inaugural. God, I can't pronounce that.
[00:04:10] Speaker A: Inauguration.
[00:04:11] Speaker C: Yeah, there we go.
[00:04:12] Speaker A: So Sam says everything will be okay after the 23rd and I'm going to go with that. I think that's true and the timing is good. You know, we'll be at the three year mark for another money show in March. So we kind of, we have to decide if we're going to keep this party going. I kind of thought that things would smooth out a little bit at the end of 2024 and we'd go into 2025 with a little bit of a. But I've been thinking about it that you know, we still, we have 36 trillion in debt. If you haven't done it in a while, make your way over to usdetclock.org and watch that thing spin. So we're going to, sooner or later we're going to default on our debt.
[00:04:54] Speaker C: Janet Yellen says we don't have anything to worry about until two weeks from now and then we can worry. But right now, no worries.
[00:05:01] Speaker A: Yeah, why don't we talk about that for one second. Let's talk about Janet for just one second. So Janet Yellen, Jared Bernstein, Jerome Powell, Joe Biden, all you people, you know you got to the debt ceiling. Unfortunately we didn't have a. We pre recorded the last two shows so we weren't able to make fun of that little monstrosity. But the continuing resolution, they called it, brought the new debt ceiling to March. Well then all of a sudden, Pelosi or Pelosi, all the slime is the same to me, just different name, different face. So that, that whole thing.
So here's an article for the 19th of December. I wish we could have brought this to you more timely. Call their bluff. Trump Advance Slam Pork filled bill Tell GOP to stand their ground so this was zero hedge on the 19th. This continuing resolution filled with pork, for starters, it gives the Global Engagement center, the government censorship juggernaut, additional funding. New biolab funding. This is in the bill, the 1500 plus page bill that should have been boiled down to 20 to 30 pages. So new BioLab funding, we must have 12 bioweapon labs as part of the spending bill. 12 who came? Are you kidding? Right now we're funding bio. Don't. Didn't we learn anything out of the COVID thing? So let me read one little part of this. The bill could have easily been under 20 pages. Instead, there are dozens of unrelated policy items crammed into the 1547 pages of the bill. There's no legitimate reason for them to be voted on as a package deal by ELAINE Duck, Congress. 72 pages worth of pandemic preparedness and response. We'll get to that in a minute too. By the way, some updates around that whole thing. Renewal of the much criticized Global Engagement Center, a key player in the federal censorship state. 17 different pieces of commerce legislation paving the way for a new football stadium in D.C. good for you, commanders. You're going to get a new stadium, a pay raise for congressmen and senators, making them eligible for federal health benefits.
And the thing with the pay, by the way, that's definitely in our wheelhouse. Currently, members of Congress earn $174,000 annually, a substantial sum compared to the average American salary, but one that lawmakers urge no longer reflects the cause of the cost of service, servicing, serving in office. If COLA adjustments had been in place, their 2024 salaries would reach $243,300, according to a Congressional research report. So Congress decided that what they should have is about 243,000, not 174,000. Good, good, good, good.
[00:08:00] Speaker C: Nice pay raise.
[00:08:02] Speaker A: Nice pay raise. Not too shabby, you know. How much did you get raised last year? If you're listening to us. So the last thing I'll read here is about the last line. The debt will continue to grow. Ultimately, the dollar will fail. Democrats are clueless and big government Republicans are, are complicit. A sad day for America. Yeah, that's true. We're gonna have to blame this one on both sides of the aisle. You know, the spending. Trump wants to remove the debt ceiling completely, Anthony, I'm sure you heard that. He wants to take it away. So. And the only thing I can think on why that would be a proposal.
[00:08:35] Speaker C: Is to make sure.
[00:08:36] Speaker A: Well, yeah, I mean, yes, that's fairly obvious. But also it's so we can do huge revamping on taxes. So we, we will see. So moving on from the continuing resolution to what you just brought up on the Hill on 27 December 2024, Yellen says extraordinary measures to avoid.
I can't read today. I should stop drinking before noon. Yellen says extraordinary measures to avoid default will begin as soon as January 14th. A couple questions. One, when does Trump get inaugurated? When's the new installation? Oh, yeah, like a week after that. That's good. Good timing.
[00:09:16] Speaker C: Talk about really kicking the can down the line. Because it's not like, oh, we have, we can hold off for another year. It's like, no, we're fine on January 2nd, but we're probably screwed in January 14th to the 23rd.
As if the government's going to make huge, massive, sweeping changes in two weeks.
[00:09:35] Speaker A: Well, and oddly enough that you hear that they are, they are, they are emptying their coffers. All right, if you're watching the spending spree going on, more money. And we're going to get to the Festivus report today as promised. It's insane. You know, the money that's going out. So a little bit from this article from the Hill again on the 27th. Treasury Secretary Janet Yellen suggested in a letter to Congress on Friday that the department doesn't think the US will need to take extraordinary measures on January 2nd to avoid defaulting on its obligations. It instead expects it will reach the new limit between January 14th and 23rd.
Treasury currently expects to reach the new limit between the 14th and 23rd, at which time it will be necessary for the treasury to start taking extraordinary measures. That's pretty redundant. Such measures would be shifting federal funds from certain accounts to pay immediate expenses and other ways to make sure the treasury has enough cash on hand to pay debts. Failing to raise the debt limit after running out of money could force the US to default on debt payments, which would. Could trigger a financial crisis. We're not in a financial crisis now. Is the 36 trillion in debt problematic? Is it a financial crisis? Or is it like, who gives a crap? I guess I'm lost. So she says. I respectfully urge Congress to act to protect the full faith and credit of the United States. The letter read, you oversaw the doubling of debt under your watch. You have been a party to this nightmare. And now as you're turning over the reins to a new person, you're saying we're in trouble. Good for you, Janet. At least you know today. I'm not amused by you. Cartoon. So the President and Congress can lift the debt ceiling by raising it to a certain monetary level or suspending it for a period of time. Both options allow the treasury to take on as much debt as necessary to pay for expenses already approved by law until the debt ceiling is reached or the limit is reimposed. Question for you, Anthony. You've been in the office, I don't know, going on six and a half years when we've run into a debt ceiling, how many times has the government shut down? I mean, permanently. Like they just don't come back. Talking about a few weeks. Park rangers don't get their money. You know, active duty military, they, they have to wait a little while on their paycheck. Zero. I mean, give. Give or take. Yeah, zero. So, and, and in the history of our country, how many would you suggest?
[00:12:04] Speaker C: Probably also zero.
[00:12:05] Speaker A: Same. Same number. Yeah. So. But this time is different because it's always different.
[00:12:09] Speaker C: Surprise. We're going to raise it, but we're going to talk about it for months and how it's a big deal and then do nothing about it.
[00:12:15] Speaker A: Well, the rest of the world, I'm sorry to say, with the brics nations and everything changing, they are done with us and it's a slow creep, but it's going, going to make its way here. So. And you know, why do we bring so much political, you know, stuff up on the show? Our job is to make sure you're prepared, not scared. Our job is to make sure you're Proactive, not reactive. If we're getting to a few people at a time, and you pay down debt, you buy hard assets, you set up your income stream to be somewhat, you know, better off from the inflation that we have. If we help your situation, one person, one couple, one family at a time. We've done what we set out to do here. I mean, some of this stuff, there's nothing we can do about it. I get that. You know, the current events. You know, this is a show on current events and how they're going to affect your finances. We are not another money show.
Before we took our little leave of absence and prerecorded two shows, what was the number one thing we were talking about? Yes, drone.
Well, no, that's. That's. Yeah, Crypto.
[00:13:13] Speaker C: We were talking about. Was I talking about.
[00:13:15] Speaker A: You were crypto. I was drones. But I have a question for you. When's the last time you heard the word drone?
They're gone. The drones are gone. I mean, really, now we're on to. Well, and you know, when they talk about biohazard labs and the continuing resolution. Let's talk about that for a second. I got three text alerts, not two or even one last Friday alone. Apparently what we have to start worrying about is less about drones and more about the bird flu. I know, I know, there's an egg shortage. The prices are rising. You know, 10 bucks per dozen some places. I know, I know. But keep your eye on the H5N1. You know, there's a. There's a Wildlife World Zoo. They had to put a bunch of animals down. Apparently there's a backyard flock in Maricopa County. They won't give you an address or a general area because you should have the right to try to stay indoors by these people. But apparently there's a whole flock in quarantine. There's the text alerts. I got waste water. So I presume that's like, out of your septic tank or whatever. Wastewater in Phoenix, Tempe and Surprise are testing positive for this H5N1. So what would be perfect? You know, we have to worry about ISIS attacks, Al Qaeda, whatever it is. And now we have to worry about the bird flu. So I don't know. And I'm worried about China attacking Taiwan. There's a massive, biggest ever military buildup over there in China. China's broke. You know, China's in deep trouble, too, like we are. But you wouldn't know it because they can just print money, hey, Just like us. So, anyway, so watch Geopolitical stuff this year. Lot to watch. I read this morning that the credit card defaults, apparently the banks have had to write off over $14 billion in the last year. I'll have to verify that number. I don't know if that's a lot or little. I know that the defaults are up like 50% from a year ago to now. 50% higher of people that they just can't pay their credit cards anymore. You know, Carvana. Carvana's under a little bit of fire, saying their accounting practices are sketchy. And then I hear that, like, Ally bank, you know, you and I talked about a year, probably a year and a half ago about. Ally bank has a heavy presence in the auto market. Apparently if Carvana fails, they're saying Ally bank is going to be very, very scary. And we have told a lot of people that that's a place to get better interest than the brick and mortar stores. So we have to watch that. So. And hopefully you remain unscathed. I mean, I do think there's going to be a shift this year.
[00:15:45] Speaker C: Insurance. Why would I be afraid?
[00:15:47] Speaker A: Which is perfect, because that still has, as far As I know, 1.2% coverage on your money. So you're pretty safe. If you have $100, they're going to give you a buck and a shiny new quarter. So good. Fdic, we gotta hit that again in the new year. That hasn't gotten any better, by the way, you know, with the big inauguration. I have a question for you. If you get fired from your workplace, they don't give you two weeks notice. I mean, you can give them two weeks notice if you quit. And they're just gonna walk you out. They're gonna say, gather your stuff. Walk you out. They fire you. They say, we're gonna walk you out. What the hell? We voted what. The first week in November of 2024, and the President is not installed until the third week of January, 2025. A lot of damage can be done in that period. But I don't know. We always ask listeners to give us show ideas. You know, we. We ask people to come in, let us sit down with you. So we had a message. I'm not gonna, I'm not gonna say his name because I'm gonna read his. The text that I got from our office manager, Macy. So this, this man is on the east side of town. He's. He's been a very loyal listener to the show. He. He became a client last year. So let's see here. It says he called and Had a couple ideas for your show. You know, if, if people give us show ideas, we bet we better take them up on it or else there's no reason to ask for the ideas anyway. So I had a couple ideas for the show. He said in regards to the overpriced stock market, maybe give listeners some math on the PE ratios, etc. And how it's overvalued versus just saying it's rigged. Well, those are two things. One, it's rigged. I mean, the Dow Jones Industrial Average, 30 companies, one fails, they take it out. S&P 500 being floated by under 10 different stocks to float the whole thing. So it is rigged. So. But you are correct. The problem with digging into PE ratios and given the math, I don't think most people know what that is. I think if you said PE to most people, they would think physical education, they don't know that it means price to earnings ratio. They. It doesn't resonate, I don't think. I mean, over the years I've brought up, when I used to do a lot of mutual funds, I talked about PE ratios a lot. And people would gloss over. They're like, that's your job. I don't understand that. So the pe, to answer his question, I don't know that we'll ever dig into the specific technology and that sort of thing with the stock market. Cause I don't think people care. So. But.
[00:18:13] Speaker C: Well, he cares, obviously. Cause he brought it up. So take two seconds to explain it.
[00:18:18] Speaker A: Well, you do it. You're the financial guy. I'm the, I'm the big picture guy. You're the minutiae.
[00:18:22] Speaker C: Give me the price to earnings ratio. Right? Is the price of stock over what the earnings of the company are? And I read was it the great investment, the great investor, whatever, that the guy that taught Warren Buffett like the book's a hundred years old, but they reference that a lot. And there's ways to find articles on how Warren Buffett buys his stuff stocks, because he's very big on the PE ratio. And if I remember correctly, anything like he said, p ratio of 10 is about normal. Maybe it was 15. It's, it's in that range. He said pretty much anything under 10 is a value. Anything over 20 is overrated. So this listener obviously knows some of these numbers. So let's talk about some of the biggest stocks around Tesla. If we're looking at these things and you know, we've said on this show, stocks aren't the value of the company because stocks can Be whatever.
But people aren't trading on value of companies. They're trading on predictions of whether or not more people will buy it and spend more than they spend. Tesla is a great example of it. P ratio. Right. We just said 10 should be about normal. 20 is overvalued. The P ratio of Tesla as of 2 January. I'm just a quick Google search on the, on the, on the company. P ratio is 103. We said 10 is average, 20 is over. The p ratio of Tesla is 130.
[00:19:59] Speaker A: Mark Carvana, while I talk for a second, we look up Carvana. Well, you know, I want to go.
[00:20:04] Speaker C: To Nvidia real quick because everybody's telling you how great Nvidia stock is. It's something we've heard over the years. Nvidia stock, p ratio of 53.
Apple stock, a very well known company. P ratio of 39. All right, so what are we looking up? Carvana. I'll look up Carvana right now.
[00:20:24] Speaker A: And I just said we're not going to dig into it. And here we're digging into it. So that's.
[00:20:28] Speaker C: Holy crap.
[00:20:29] Speaker A: Yes.
[00:20:31] Speaker C: Have you looked into it?
[00:20:33] Speaker A: No, but what I read this morning, I think it was like 243 or something. I think I.
[00:20:38] Speaker C: It's almost 21,000. It's 20,987 is their PE ratio.
[00:20:48] Speaker A: So maybe there's something to what I saw that Carvana is going to be in trouble. And we, by the way, you know, we'll never give you stock recommendations on this radio show. We're just giving you entertaining thoughts for you to look up yourself. Yeah, that's, that's pretty high.
[00:21:02] Speaker C: I've never seen one that high before. I've seen in the hundreds, like the Tesla stuff. I've seen the, the few hundred where it's just like, well, this is a joke. I've seen where they don't even list it because it runs in the negatives. The earnings are negatives compared to the earnings of the stock. But I've 21,000 almost that well, and.
[00:21:21] Speaker A: The bottom line to this whole thing is, and if you really are an educated investor and you really understand what you have, you should understand its PE ratio. You should understand its moving averages. You should understand its K1s. You, you should not be an emotional investor. You should be an educated, informed investor.
[00:21:41] Speaker C: You don't make money doing that anymore. Just bye, bye, bye speculation. That's how you make your money. Crypto, Crypto, Crypto, crypto.
[00:21:50] Speaker A: Yep, yep, yep. Okay. And we're going to get to that. When we get to the Festivus Report, there's a couple of things I want to point out.
[00:21:55] Speaker C: Where's the other. The other question from this list?
[00:21:57] Speaker A: So the other thing. The other thing from this young man across town. He also suggested for people who keep cash at home to increase, for example, from 5,000 to 10,000. Well, I mean, I like that idea. It's a hard asset. Once it's in your house, in case there's a family member that might need it. Maybe they don't think they do, or they're naive or they can't do it or whatever, and you keep more at home, you might be able to help them out. He says he'll keep listening to the show and we should keep up the good work. So my. I had never thought of that. I'm always telling people, make sure you take care of yourself. I don't even think that way about family members so much. And this. So that was a really, really good point. If you have the means and you have the, you know, wherewithal to do so and you think you should have five grand at home, what if you have two kids that don't believe in what you're seeing, reading, hearing, they don't believe this country could ever collapse. I guess by this logic, I need to keep extra money home for Anthony when his money.
[00:23:02] Speaker C: I keep extra money for you. Don't worry.
[00:23:04] Speaker A: Well, somebody's got to be an adult. So you're going to be the parent here, so good for you. Yeah. No, I thought. I just thought that was brilliant. It's like a lot of people that we talk to have kids that think they're crazy. Well, the kids who think you're crazy might not think you're so crazy. If we have an EMP or a cyber attack and you can't get into your bank. And also if you had extra money that you give your kids, that, that's genius. So I love that.
[00:23:26] Speaker C: Well, a lot of that has to do, too. I mean, 5,000, we. We throw some lower numbers around just to make people easy or easier on people, because we also know that if you're not one that's already doing this and you need to kind of be coached into it, we have to take baby steps. But we got clients that have, you know, hundreds of thousands in cash. Obviously, it depends on your situation. It's what you can do and what's comfortable to you. But I'm still a proponent of having something that's physical because I think that you own it. You know, the Cash in the bank is you have to pray that you can access it, the cash you keep at home and is yours. So 5000, 2500, even $1000 just to get people their foot in the door. You know, that's a good start by having 10 for that reason if you can afford to. And it's just on everybody's individual position. But I'm all about up in that number if people can afford to.
[00:24:26] Speaker A: Well, and we understand fire, flood, burglary, we understand how to help you with a good hiding space if you don't have a good fireproof safe. And we are well versed in this area. So let us know if that's a.
[00:24:36] Speaker C: Good investment to those good fireproof safes. I mean you can get them for a couple grand. So if you're going to be storing a sizable amount of cash, it's well worth having.
[00:24:45] Speaker A: Yes. And we are taking on sponsors. So Champion Liberty Cabela's here. Is Cabela's still a thing or is that just Bass Pro Shop now? So anyway, so reach out to us and we'll take some sponsorship money.
We're getting close to break time already. This is sad. Let me talk about a couple things real quick before we get there. And then in the second half we're going to air out a few things and get to the Festivus Report. So here's one for you Found this kind of funny. This is from Zero Hedge. On 22 December, US Congresswoman missing for six months found at dementia care home. Term limits for US politicians on Capitol Hill were clearly on Elon Musk's mind. Saturday night, a post from X user the Rabbit Hole showed that the number of members of Congress over 70 has skyrocketed nearly 25% as the baby boomer generation clings to power. A baby boomer politician missing for six months has finally been found, this time at a dementia care home, reigniting the conversation about term limits. And don't forget, Mitch McConnell fell down at Capitol Hill. Nancy Pelosi fell down an overseas trip. I guess she needed a new ip. You know this Texas Representative Kay Granger in a senior care facility. I don't think there's any reason that we talk about Biden, do you? I mean, did you hear his press conference over the New Orleans problem? The guy, he can't even read anymore. The telepomber glitched and he glitched with it. Local Dallas paper recently launched an investigation into the whereabouts of Republican Congresswoman Kay Granger. See, I make fun of Republicans too. Not Just Democrats. Who has represented Texas 12th congressional district since 1997. The investigation filed reports that she had been absent from office for months. We're still paying her, right? 174,000 to show up. Dallas Express found out from a local resident that Granger was not missing, but instead residing at an assisted living facility specializing in memory care.
I guess I had a whole bunch of this highlighted, but I guess you get the point. The people that represent you might be in a senior care community, so. And who's. Who's voting for them? Are they abstaining for. What exactly are you doing to earn your money if you're in a care facility? So it's insanity to me. This, this country is out of its mind. With that said, I hope you stick to your New Year's resolutions. As usual, I made a few. I'm going to be swearing more this year. I'm going to overeat a little more. I'm going to pick things that I'm not willing to let go right away after two weeks. So reach out to us if you would,
[email protected] or you can call us at 623-523-0444. We would love to sit down with you. I mean, we don't do a very good job at asking you to come in, but we need to this year because we're kind of really deciding if we keep the show going or not in March. So help us make it worth our while and show ideas. Thank you very much. The man on the east side. We, we definitely read everything you send us. We'll be right back. And thank you as always for being with us.
[00:27:47] Speaker B: This is another Money show, except this one's different. This one's actually fun.
Thanks for listening to Another Money Show. If you like what you're hearing, be sure to leave us a rating and subscribe to the show wherever you listen to podcasts.
[00:28:09] Speaker A: Welcome back to Another Money Show. Thank you so much for being with us. We do appreciate you. As we always say, we're little fish in a big pond and we need your help. So thank you for being here for us. Please tell people about us, go to our YouTube channel, whatever you can do to help us. We appreciate it. So a couple more things, you know, when I talk about K. Granger being a senior community. Got a couple other articles that I put, you know, put aside to share with you real quick if you want to look them up. One thing here is from the Zero Hedge, one of my favorite sources. On December 29, 24 Massey and MTG, which is Marjorie Taylor Greene, urged release of multimillion dollar Congressional sexual slush fund so Congress has recently paid out more than 17 million of your money to quietly settle charges of harassment, sexual and other forms. I'm not sure what other forms, but it piqued my interest. I'd like to find an article with pictures in congressional offices. Massie posted on Thursday. Don't you think we should release the names of the representatives? I do. Yeah, I do too. I definitely do. I want Epstein list P. Diddy, I want this. I want to know what people are doing. And you know what, at least Diddy and those people, I guess they did things on their own time with their own dime. This is our tax dollars. Our tax dollars.
Massie pointed out the hypocrisy of Democrats feigned outrage over Donald Trump using his own money to buy Stormy Daniels silence about their alleged sexual encounter while saying nothing about congressional offices use of taxpayer money to brush sexual and other misconduct allegations under the rug. This is insane. With the Federal government now 36 trillion in debt and poised to post a 3.5 trillion deficit in 2025 alone, 17 million may not sound like much, but the use of borrowed slash printed money to settle sexual and other abuse allegations on Capitol Hill is another symptom of a corrupt and failing empire. That's my heartburn with this whole thing. You're using our taxpayer money for your hideous behavior and we're actually going down the tube rapidly. One more, one more article and then we gotta get to a happier we'll get to the Festivities report right after this. So Also from the Zero Hedge on the 18th of December Nancy Pelosi profited as luxury Napa Resort won COVID 19 bailout apparently some names and dates and financial numbers are coming out on exactly what happened with all the PPP loans and so forth. So the Auberge du Soleil, a five star hillside hotel and spa with a panoramic view overlooking the vineyards of Napa Valley, appears to be a first rate in all ways except one. While the glamorous resort an hour's drive from San Francisco, fills room that routinely go for 2000 a night with a list celebrities and tech t titans. Financial records suggest it did not provide much of a return to at least two of its investors, Representative Nancy Pelosi and her husband Paul. That changed when it received millions in congressionally authorized COVID 19 relief funds in 2021. The Auberge the Auberge, held for decades by Paul Pelosi, has rarely turned a significant Profit. According to Nancy's financial disclosure forms, in some years he has recorded a loss or a profit of only between 50 and 100,000. But the year of the bailout money stands apart. In 2021, Pelosi's ethic form show her family's income from the resort surged to a range of 1 million to 5 million.
Yeah, that's pretty good. Nancy Pelosi, you're doing all right. I guess so. The Pelosi household earned over 65% on trades last year, according to an analysis from Unusual Wales, one of several sites that track congressional trading activity. That record outshines even the most successful hedge fund managers. That's all this. That woman is smart.
[00:32:36] Speaker C: Pelosi Trading Unusual Whales is also the company that put together the ETF that follows Nancy Pelosi's trading.
[00:32:44] Speaker A: But be careful when you're looking it up because I found some other websites that have nothing to do with Pelosi and so forth. So Pelosi's wealth and look at you rolling your eyes. I wish people could see what I see. You get so disgusted by my dad humor. Pelosi's wealth has surged over her time in office. Disclosures show that her net worth went from approximately 18 million in 1991 to nearly 250 million last year. The speaker has no prior blah, blah, blah, blah, blah. I don't have to read any more to you, but you kind of get the idea, right? So this woman who does very good as an investor, she also does pretty good with her investments. Our Paul's.
So the last line of this article, there is no indication that the Pelosi's did anything illegal. Well, they make the rules. Of course it wasn't legal, but other experts argue the funds posed conflict and interest issues. He's not surprised that wealthy lawmakers tapped into Covid related largesse to even pursue it. He added, they put themselves ahead of those who truly needed it. So yeah, very interesting. Our corrupt government. I do hope 2025 is the year that we do some house cleaning. I hope doge comes in. I hope that everything kind of becomes more transparent because I think these people that represent us, whether they're in senior care communities or free ranging, I don't think they should be worth $250 million. I think you should have some idea what the people that you represent are going through. And I'm not so sure you do. You know, once you have a quarter of a billion dollars, I think you're somewhat out of touch.
[00:34:29] Speaker C: But.
[00:34:29] Speaker A: But that's here nor there with that said, the moment we've all been waiting for, The Festivus Report, 2024. It was released on December 23rd and if you would like a copy, we downloaded it. It is 41 pages but we can shoot over the PDF to you if you'd like. It's interesting. Or you can do a little Internet search and look it up yourself.
Yeah, and I was so looking forward to this because I don't know, I mean, I had a good time with it last year. I always look forward to reading this.
It's not quite as funny to me this year as it has been because some of the stuff is absolutely ridiculous and we expect that some of the spending is ridiculous. But some light bulb went off as I was getting ready for the show. It was actually last night I started re looking at my articles. Then this morning I looked at this one and it really annoyed me because I thought about Sam, I thought about Anthony, I thought about my son Jay. I mean, I'm in my 60s, not super worried about what I see. I really, I think this country is just, it's so badly run and managed and just for younger generations, people in their 50s, 40s, 30s and 20s, you know, if you're listening, your kids, your grandkids, they are so screwed. So I guess some of this frivolous spending, that's always been funny to me, it's just not as funny as it used to be. But with that said, let's get to a few of these things. I'm going to skip the intro. No, I'm not. I'm going to read a little bit of the intro. We have time, right? We still have 20 minutes or so. So Happy Festivus. Oh, by the way, this is Rand Paul, who has always been a fiscal conservative. I'm sure you know his father, Ron Paul, would like to abolish the Fed and kind of, you know, bring things into the light. So Happy festivus, how is 2024 already wrapping up? It feels like we blinked and history dumped a year's worth of plot twists on us. Donald Trump dodged two assassination attempts. Vice President Kamala Harris ousted President Biden for the presidential race. Then last minute failed spectacularly. The 2024 Summer Olympics in Paris. I forgot about that. Captured global attention with a brilliant display of breakdancing from our friends in Australia. And November handed control of Congress to the Republicans. Yet even amid these seismic events, one issue remained unchanged. The ever mounting national debt. Last Festivus, we bemoaned the national debt near in 34 trillion in just a year, Washington's career politicians and bureaucrats have managed to push it beyond 36 trillion, unsurprisingly, with hardly a second thought. All right, jump into it, Anthony. You want me to just kind of go down the highlights and then we'll pick a few to dig into?
[00:37:25] Speaker C: I figured that's what we were doing.
[00:37:27] Speaker A: Okay, so I'll give you a couple line items here and then we'll dig into a few and. And see where at. So ghost towns on the government's dimension. The Federal Government spent 10 billion on maintaining, leasing and furnishing almost entirely empty buildings. Okay. A pandemic plunder. A Florida man stole $8 million in COVID 19 relief funds to buy an island and more. Your tax dollars at play. The Department of the interior, the DOI spent $12 million on a las Vegas pickleball complex.
Taxpayers fund a disinformation index. The Department of state. The DOS wasted $330,000 to fund censorship of non liberal and conservative media. Snack attack. The Department of Health and Human Services awarded a $2 million grant to study kids looking at Facebook ads about food.
Taxpayers dollars down the drain. In Nevis, the Department of State spent $108,272 on a non functioning hotel. Direct file fail. Congress spent $15 million to turn the IRS into an unconstitutional force to prepare, file and audit your hard earned money.
Orats. HHS spends nearly a half a million dollars on a depressing study of lonely starved rats. Did they talk to the rats? I mean, maybe the rats aren't lonely. I don't know. The Department of Health and Human Services spent $419,470 to determine if lonely rats seek cocaine more than happy rats.
Couple more here. Hold on to your steering wheels. The Department of Energy spent 15.5 billion billion to push Americans towards electric vehicles. They don't want the influencer effect hits foreign policy. The Department of State squandered $4,840,082 on influencers.
[00:39:47] Speaker C: Girls just want to ask, do you do propaganda?
[00:39:53] Speaker A: Tick, they can buy a lot of propaganda here. Girls just want to have funds. The Department of state spent $3 million for a girl centered climate action in Brazil. A State Department production featuring your hard earned money. The Department of State paid the Royal Film Commission $873,584 for Movies in Jordan.
That's pretty sweet. Hashtag to handouts in Ethiopia. The Department of State spent $500,000 to expand the US embassy in Ethiopia.
Let's see here. Bibbidi bobbidi boo. There Goes your tax dollars to the federal government spent 7 million on various magical projects.
[00:40:43] Speaker C: Here's the thing. Let me stick up for something on this project, because if there's any chance of anything getting better in this world, it probably depends on magic. And I'm all for it.
Nope, because we're not going to be fiscally responsible. We're not going to save more than we spend as a nation. It's not going to happen. So if we're doing less ditch efforts, magic is the only thing that makes sense.
[00:41:09] Speaker A: Let me read one more of these line items and then we'll dig into a couple of them because who needs a secure US Border anyway? I have a feeling in the upcoming weeks and months, we're going to have to revisit that question. The Department of State spent 2.1 million for Paraguayan border security. We spent $2 million for Paraguay to have a safe border. All right, you know what?
[00:41:33] Speaker C: No, I'm going to read a couple right now.
[00:41:36] Speaker A: I'm going to read a couple more of these line items because what I'm really noticing is a ton of this money was used outside of the United states. When we're 36, you know, we're already giving foreign aid to a bunch of countries to buy, I mean, to, you know, make friends with them. Money to manure. The Department of Agriculture, the USDA is spending $20 million on the fertilize Right initiative to advance fertilizer use in Pakistan, Vietnam, Colombia and Brazil. Huh?
[00:42:10] Speaker C: Going to go Vietnam a little bit for what we did over there, so maybe that one's okay.
[00:42:15] Speaker A: So we're going to hand them a pile of manure. That's what we're going to give them. We're going to give them eat this and die. We owe them, so we're bringing them crap. All right. Going viral for world peace. The Department of state is spending $123,066 to teach. I can't even say this word. Cure. Cur exec stand. I don't even know what this country is. K, Y R G Y Z st for youth on how to go viral. What the hell? More ducking waste in Mexico. Department of The Interior spent 720,000 on wetland conservation projects for ducks in Mexico. Big Bird goes to Baghdad. The agency international development. The USAID is spending $20 million on Arlen Serum, a new Sesame street show. In Iraq, news we wish was fake. The Department of State sent $253,653 to Bosnia to fight misinformation.
This is insane. Anthony. And by the way, you seem much less worried about your financial future than I'm worried for you. Is that true? I mean, why?
[00:43:34] Speaker C: I've done everything I can control. I can't control that we're sending Big Bird to Baghdad. That poor, poor innocent bird.
[00:43:42] Speaker A: But you're wrong. Let me tell you why. I used to get mad at your mom. Your mom, year. This is years ago. It's a long time ago. I no longer get mad at her for anything, any reason. Anyway, so years ago, when I was new at preparing for this country to go the wrong way, when I was a little infancy stage preparer, your mom was like, why do you get so worked up out of things? There's nothing you can do about it. And I was like, you're exactly the problem. There's. You're right.
[00:44:09] Speaker C: What are you doing about it? Then you said, everybody can do all these things. But I was like, I'm outside of this radio show and educating people. Where's the organization?
[00:44:18] Speaker A: One person, one couple and family at a time. If they tell their neighbors and friends about us, maybe every little thing helps if you ask me to do something about it.
[00:44:25] Speaker C: So this is awareness, though. This is an action. What's the action?
[00:44:29] Speaker A: I agree with you. Nothing. And your mom, nothing I can do about it. But what if people ever woke up and got together? You said you liked the Occupy Wall street movement a few weeks ago. I was a little surprised.
So what if one day, maybe this year, 2025, you get your wish and we start having the two party political system and people start voting for the best version of the job? What if people agree with this show and they think, you're right, I can't do anything about any of this stuff. But if a million of me get together and we start voting differently, we start making our voices heard. You know, there's a viral thing on Chipotle, skimping on what they're giving you in food and people are going, I'm not going to stand for that. Stop going there. Start modifying your behavior. And I definitely do something about my feelings. There's places I will not shop. There's. There's things I will not support. I mean, I vote, you know, to the best of my abilities. What I think is smartest, I do. You know, you and I, Anthony, are paying for the show. We. We have a wonderful team. We have a team helping us financially. In Tucson, we have Sam and the Amerilife team doing all the work, but we're paying for the airtime. If we really wanted to Become wealthy because of our radio presence. We would not do what we're doing. We would do what the other shows do and just get you in the office so we can sell you something. This show is about sounding alarms and it is 100% doing what we need to do to make sure people start waking up.
Kind of agree. You kind of agree that you can change things. If you keep pushing and saying this is wrong and I'm not going to keep.
[00:46:08] Speaker C: Jeez, I had no idea. Yeah, I'm convinced we can change things.
[00:46:13] Speaker A: All right, let's dig. Let's dig in here. And by the way, I am worried for your future. I'm worried geopolitically, I'm worried internally in this country. We have got a few more minutes. Let's dig into a couple of these. We read the bullet point now. Let's dig into a couple of these. While the CDC fear mongering mongered the American public into closing schools and wearing ineffective masks, it was busy installing, wait for this, solar powered picnic tables costing a total of $237,960. Another example of this outrageous spending comes from the pension. This one should resonate with you, Anthony, from the Pension benefit guarantee corporation's $15 million splurge on new furniture even though its offices remain largely empty. The, the pension guarantee fund. What the hell does furniture in your office that nobody's going to work at have to do with, with pension guarantee?
[00:47:14] Speaker C: They got to celebrate all of their, you know, they're doing so well now because they were 63 billion in the hole and then the, there was the Inflation Reduction act that came out and saved the day for them. And then they had 500 million in the positive, which is nothing.
[00:47:34] Speaker A: 500 million. Would you say 500 billion? Half a trillion?
[00:47:37] Speaker C: No, they have 500 million.
[00:47:39] Speaker A: Okay, so half a billion. So that is absolutely nothing when companies start going south.
[00:47:43] Speaker C: Well, it's something. When they were 63, I think it was like 63 billion in the hole. And they were like, well, we're probably going to fail in the next couple years and I would love to just be 63 billion in the hole instead still be considered relevant.
[00:47:59] Speaker A: I'm not even sure what to say. That's, that's how corrupt and crooked our system is. And by the way, with the Inflation Reduction act, it didn't do what it said it was going to do, I don't think. But what do I know?
[00:48:10] Speaker C: So didn't you bring up to the, the electrical cars in here and how one of the acts said Something about putting breathalyzers in all cars by 2027 or something like that. Wasn't that another inflation reduction act or. It was a.
It was in one of those.
[00:48:29] Speaker A: And they want to take AM radio. I'm sure you've heard they want to take AM radio out of cars. What? What's. What would that.
[00:48:37] Speaker C: Well, then people can listen to us wherever they like and subscribe to their podcast. They can listen to another money show once AM radio is taken off the air.
[00:48:48] Speaker A: Frustrating old sales pitch.
[00:48:50] Speaker C: See him? I'm learning.
[00:48:52] Speaker A: People like me, people in my circles like AM radio.
Let's do a couple more. Pandemic Plunder. I love this one. Amidst the serene Floridian beauty, a dark tale of modern piracy unfolds. I won't name names. Yeah, I will. Patrick Parker Walsh, a Florida businessman turned pandemic plunderer, made headlines for his audacious escapades. He stole nearly $8 million in federal COVID 19 relief funds to buy Sweetheart Island, a private paradise of his own. This bold act of fraud, which led to his sentencing to 66 months in federal prison, sheds light on a saga of taxpayer dollars gone astray in governmental mismanagement.
[00:49:41] Speaker C: We're sitting here complaining. Patrick Parker Walsh is a man of action. He took all of this government misspending, and he bought himself an island.
[00:49:52] Speaker A: And I love this. And I mean, 66 months in federal prison, you know, what did they say in office space? Pound me, pound me. Prison, you know. But he got caught. He never should have gotten the money the way that they. When you and I didn't know if we were going to be able to go back to work, forget when we both went into the PPP loan for little tiny amounts, if you remember correctly. Little tiny amounts. It was. I mean, it was not an easy process. This guy got $8 million. What the hell? Pelosi, you know, the hotel and the. She. She also had a pizza place. You hear about the pizza place?
Some of what's come to light. There were a whole bunch of money that Pelosi's had. Is different.
[00:50:31] Speaker C: Cosmic pizza place.
[00:50:33] Speaker A: No, but that's interesting. That's interesting that you even like that reference. Now, I'm going back to this article I hit earlier. Italian restaurant chain owned in part by Pelosi, which ended up receiving about 15 million in a mix of PPP and RRF grants and forgiven loans. The Pelosi household, in turn, received up to 1 million in a partnership income distribution from their investment into the restaurant in 2021, the year that the company received the bulk of the government assistance. The investment return that year from Piatti, Piatti is the pizza place was also the highest in over a decade for the Pelosi's. Yay. In previous years they typically earned less than 50,000 from their stake in the pizza chain. Think about the Havesburgs and have nots for a second. They this one little holding that Pelosi's had, in a normal year, they made 50 grand on it. Many people listening to this. You worked your whole life, whether you were a teacher. What? No, what. Whatever you did, you probably made 50 to $100,000 a year. Probably our average listener. 50 to 100 grand. They made 50 grand a year having a partnership stake in a pizza chain that I've never heard of. That's what. That's passive income for the Pelosi. And then luckily with the PPP loan, they made a million dollars in 2021 just on that holding. Cut more. We're almost out of time. Tax dollars at play. The Department of Interior spent $12 million on a LAS Vegas pickleball. Yeah, yeah. Here's my favorite Taxpayers Fund Disinformation Index.
Unreal. The Department of state wasted $330,000 to fund censorship of non liberal and conservative media.
I mean the First Amendment, our tax dollars came into play to crush our constitutional rights.
I mean, as much as I said earlier, I don't find any of this stuff funny. It's actually really dangerous. I mean some of the money that, you know, if it's to cocaine rats, I mean that's just dumb. If it's the pickleball courts that are probably, you know, you're going to have to pay to play there in Las Vegas. Ironic. Move over poker. There's pickleball now. But this is, this is very, it's deeper. A lot of this money went to other countries and some of this money went to hurt, for example, salience, Salium, Salem. It went to hurt the radio station that we're on. So this is absolutely ridiculous to me.
Should I go? Let's just.
[00:53:11] Speaker C: I think that's it. That's all. That's pretty much all we got. But if you want the Festivus report that we are reading off of, we will send it to you. If you reach out to us at teamothermoneyshow.com find us on the web anothermoney show.com give us a call. 623-523-0444. Number again is 623-523-0444. We will send you any of these articles that we have, the Festivus Report is fun to read through. I mean JR got to through a lot of it. But there's more on there and of course that's only what made the report. Obviously there is much more government waste out there. But anyways, if you want to sit down with us and you now that it's, you know, the new year is when people want to talk about their finances. We don't bother anybody around Christmas time because that's the worst time to talk about money. But now that the damage has been done, let us help you recover. Remember, there are no minimums. There's no cost for appointments. There's nothing to lose by getting a second opinion on your financial situation. We'll see you again next Saturday at noon right here on 960 the Patriot. That is until the government takes away AM radio. We'll see you next week.
[00:54:20] 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 options obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management, LLC, BCM, a registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
At Rochford and Associates, we know the road to financial freedom is not a straight path and the journey is different for every family. And in times like these, we want you to feel confident that you're safely on track to meet your retirement goals.
[00:55:16] Speaker A: We want to ask you to prepare for economic chaos. We want you to prepare for bank volatility. We want you to ensure and protect your assets with a smart plan.
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