[00:00:01] Speaker A: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their income, reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and JR Ratchford.
[00:00:25] Speaker B: Here we are, your hosts, Anthony Correjo and JR Rochford, taking a break from our day to day as financial advisors with Roch 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. And this is back to our regular scheduled programming this week.
[00:00:51] Speaker C: Well, and now that you know about us, if you're listening to us, why on earth are you listening to those other radio shows anyway? So we have a small bone to pick with you.
[00:01:00] Speaker B: So do they have standup comedians on their shows?
[00:01:03] Speaker C: I don't think so. They have Roth conversions. We can do that in the office. But they're not bringing you comedians. We, you know, what we need to do is use Bob Zany's name to leverage our show to get other comedians. We need to call, like, I don't.
[00:01:16] Speaker B: Know, I mean, on the show.
[00:01:18] Speaker C: Who?
[00:01:19] Speaker B: Cena.
[00:01:21] Speaker C: That's right. You have a friend that's a stand up comedian. Is he funny? Good.
[00:01:25] Speaker B: No, not really.
[00:01:27] Speaker C: Okay, then we'll get other ones.
And you know, by the way, if you listen to the show, last week, it was 99% positive feedback. We did have one woman, she's a client and a neighbor and a friend. And she was in the office, I don't know, yesterday, the day before. And she, I mean, you know, not shy about it. She's like, what the hell was that?
She said she did not care for the show. I think she said she didn't. She say, Anthony, she hated it. She was like, oh, yeah, yeah.
[00:01:56] Speaker B: It's because she wanted to see the news articles that she was ignoring from us anyways. So.
[00:02:01] Speaker C: Yes. So if you liked the break, you know, we were. All we were doing was celebrating the government shutdown and trying to do something different for you. So. But if, if, you know, we always welcome your feedback.
So to have a comedian on again.
[00:02:16] Speaker B: We just ignore it though.
[00:02:17] Speaker C: We, well, we're gonna ignore 1% of it. So we still watch it.
[00:02:22] Speaker B: I wish he wouldn't have broken up so bad. He had a terrible connection. Otherwise it would have been a lot more fun. Yeah, it was hard to like get on a beat.
[00:02:30] Speaker C: Yes. And Sam did a great job because it was so hard to hear when the show was recording. It was, it was really tough. You know, Bob kept saying we had a delay, which we did not. We just had a real crappy Internet connection, I believe on his end. But yeah, I mean, it came out pretty good. Sandy and I listened to it, so I think it went well. And you know, obviously when we saw his show, he's very interactive with the audience, so it was absolutely hilarious. So it lost some in translation on the show, but hopefully you got the idea. So anyway, we'll probably try that again in the future. So if you're listening and you're the 1% that didn't care for it, we'll try to give you some warning and tell you to miss a week of the show.
So another shout out.
[00:03:12] Speaker B: Government still shut down. Is that why we're. We're back? Because the government's back?
[00:03:16] Speaker C: Oh, no, no. Today's one of my favorite days. Today is day nine of the big shutdown. So. And we'll get to that. We, we have some stuff to go over. We'll just touch on it because yeah.
[00:03:26] Speaker B: Some of those government websites, when you log on to them and they're like, sorry, it's the Democrats fault that we run the House and the executive branch and Congress and everything and. But the Democrats have ruined our government plans. So we're shut down right now.
Like that's, that's a little obnoxious.
[00:03:45] Speaker C: Well, and over the years it's been both sides, so I see where you're going. I am going to get to one article actually. I'll do it in just a second that kind of points out exactly what you're saying. And I'll read it more because it's funny than anything else.
[00:03:59] Speaker B: So I'm going to actually say on the government site, like, that's so petty. It's a little funny, but very petty.
[00:04:08] Speaker C: No, you're right, you're right. And it's. They're like children. I mean, we have one listener that posted something on my Facebook page about these ridiculous children.
So. But I mean, to me, the. Every day they stay shut down, is it saving us money. We've got 37 trillion in debt. We're spending about a trillion dollars every three months. So I shut it down forever. Let's, you know, I don't notice any difference. I know Macy ran into a little snag yesterday. She went to help somebody find an old pension and there's like a You know, a pension guarantee fund or somebody is overseeing it because the company changed hands and it's basically saying she can't get any information until the shutdown's over. So we had our first office experience with the shutdown.
I did want to do one more shout out. So thanks, Bob Zany. A big thanks to Sam for making this show sound okay because it came out better than I thought it would. So another shout out. You know, I do this a lot, but Joe Jaquet had me on his show last Friday and I was a little bit nervous. It was. It was bizarre. There really is a delay on that show. So for me it was different. We don't use headphones on our show. Maybe we should. I don't know. Sam will have to talk to you about that later. But I had to wear headphones.
It was just. It was totally different experience for me. So it was a little bit awkward. I felt like I was nervous on there and, you know, I felt better towards the end of the show. So I'm going to ask him if I can go on again. But anything that people can do to help us get the word out about our office, our show, it means the world to us. I mean, I always say we're little fish in a big pond and we need help. So thank you so much to Joe.
Jason was great. It was the first time I got to actually talk to Jason, so that was pretty cool.
If you want to meet Joe and Anthony and me, we have our monthly men's network and happy hour. That'll be next week on the 13th of October at 4pm so reach out to us and we'll give you the location, the cross streets and all that.
Another opportunity if you want to meet Anthony and me. I think Macy will be there. I think Michael C from Sun City will be there. Sandy will be there. We're doing a presentation on Monday night that's on the 13th of October, so you can meet us twice next week. You can meet us on Monday and Tuesday so that the presentation on Monday is at 6:30 at night. And if you reach out to us, we'll be glad to give the address. But it's in the West Valley. It's roughly the Loop, 101 and Grand Avenue. So reach out to us. Let us know if you want to go to either one. We'd love to meet you.
Moving on. Should we jump right into things? Let's jump into the shutdown and we started talking about let's air it out for a second.
I think it's in general A non issue. Because, Anthony, I mean, as you've said over the seven years, debt ceiling cr, These continuing resolutions, who gives a hoot, they're going to reopen the government. It's just when our park ranger is going to be out of work. I don't know.
My oldest son is active duty military, so he's, I, you know, on October 15, he is scheduled not to get a paycheck. So I'm digging into that. Like, you know, what are the odds that he's going to be working for free for a while? They won't furlough him. He's actually in a different country right now. And it looks like as of this morning, some money is going to be shifted around to make sure we continue to pay our military troops. I would say. Yeah, that's good. Because, you know, what if people go ahead.
[00:07:38] Speaker B: Oh, I was just gonna say in general because we, we make light and we joke about it and these politicians is like, you know, who cares about them? But we forget about how many people just trying to get by, check to check, are really affected by this. And I feel like we, we always forget about that during the government shutdown because you think, oh, you know, Congress, who cares? We don't need them. They're bad. This and that. But that's not who this affects. Like anything else, it affects the decision makers significantly less than everybody else.
[00:08:10] Speaker C: Well, and when you, if you're messing with military who aren't the highest paid people on the planet to begin with, if you're messing with their pay, if, you know, we have people on a true fixed income in Sun City. Yeah. We've said to you over the years, we have no pressure, no quotas, no minimums. We're fully independent, we're fiduciary. You know, so we have, we have people that are wealthy, we have people that are middle of the road, and we have people on a true fixed income. If you delay their Social Security check, you literally could have people making a choice between food meds. That's not funny. So we think it's funny that the government's dysfunctional. You know, if you're making 174,000 a year, 225,000 a year, you're a multi, multi millionaire because you have inside information for your stock deals, you're going to be fine. What about the people in Sun City that don't even have a pension, they just have their Social Security. They're not going to be fine. So get your head out of your, you know what government, Oh, I got Serious on that real quick. So let me get to this article because it did crack me up.
This is from Zero Hedge, one of my very favorite sources, because it's always stuff that you don't ever, ever hear on the nightly news. So Zero Hedge on the 6th of October.
And by the way, we always give you where the article's from so you can look it up later if it piques your interest. We also keep them all, so if you ever want one sent to you, we can email it over to you. So this one, Senator Kennedy just exposed more absurd things about Democrats shut down the government.
So right away, Anthony, they went right to what you're saying. They went right to the Democrats. But you know this, this article is definitely slanted.
So the Schumer shutdown, I have heard a lot of people call it that. The Schumer shut down dragged through the weekend with neither side budging. Republicans pushed for a straightforward continuing resolution to keep the government funded through November.
You want me to read that again? What month? They want to see our through November. You know what? This is today as we record October 9th. So you want to keep it going for another, you know, four or six, two weeks. What the hell am I reading here? Anyway? So keep the government funded through November. But Democrats chose to hold the line for their wish list of radical spending priorities. Billions and billions of dollars worth, and in doing so, shut the government down. The media has focused on their demand for free health care for illegal immigrants. But that's just the tip of the iceberg. There's more buried in the standoff that isn't getting the attention it deserves when, well, I'm going to give it a little bit of attention and read a few of them to you.
Kennedy didn't hold back as he read aloud what Democrats are fighting to restore. We found that under President Biden, they were spending $3 million for circumcisions and vasectomies in Zambia. He said, we took that out.
Congresswoman says we're going to shut down the government until you put that back in, talking about AOC as the congress person. So. And that was just the beginning. We found $500,000 of American taxpayer money for electric buses in Rwanda. Kennedy continued, give you a few more here because these are juicy. We found 3.6 million for pastry cooking classes and dance focus groups for male prostitutes in Haiti. I kid you. Yeah, he even follows that by saying, I kid you not.
I'm not making this up. And I'm reading right now from the article. I mean, I'm not Making this up either. I'm just reading.
Was in the budget under President Biden. Kennedy went on to rattle off even more examples of this insanity. 6 million for media organizations for the Palestinians.
833,000 for transgender people in Nepal. 300,000 for a pride parade in Lesotho. Never even heard of it. 882,000 for social media mentorship in Serbia. I wonder if they make films in Serbia. 4.2 million for LGBTQI people in Western Balkans and Uganda. LGBTQI? I'm not sure what the I is, but they're in the Balkans, in Uganda. And let me read one more thing and I'll move on, because, you know, we told you all this stuff when we talked about Doge a while back. Do you remember when we read to you a list of where your money's going? We. So none of these are new to us. It's just a refresher, apparently.
So let's see here.
And that, Kennedy concluded, is what the entire budget fight is about. Not defending American taxpayers or funding core government services, but holding the government hostage over millions in woke pet projects and bizarre international handouts. So if what I just read to you is scratching the surface, shame on any politician. I don't give what side of the aisle. I don't care. Shame on you. I mean, we. We have people that are food insecure.
We have people. I mean, I don't know. It makes my blood boil. So, Anthony, anything to say about that? Sam, what are your thoughts?
[00:13:26] Speaker B: And again, you said it's a slanted article. Because I'm sure there's definitely stuff on the right that's obnoxious on there, but I wish that could be something that brings everybody together. It's like, what if we cut this from both sides? Both sides are going to want stuff that I would say the general public disagrees with and just cut it all out.
[00:13:47] Speaker C: So you know why what you just said will never happen? Because unless you listen to another money show, unless you find obscure news sources, you're not getting any of this on channel 3, 5, 10, 12, 15 year people have no idea this is going on. Doge was the best thing that's happened to our government in decade after decade because it sheds some light on things. A little bit of it even made it to the nightly news. But unless you're on a fringe news site, if you spend half your life on YouTube like I do, you don't even know this. So, you know, when, when Marjorie Taylor Greene we brought up, I don't know, two weeks ago about, you know, a Peaceful national divorce.
Half the country is on one side, half on the other, but there's like the half of those halves have no idea that anything's wrong. I mean, a lot of the stuff we bring to you, people are like, is that true? Well, I mean, I research as much as I can, I vet verify as much as I can, and it seems true. You know, give you a couple examples.
[00:14:48] Speaker B: Coming from the news too. I think you talk to individuals, again, I think more people are middle of the road when you just have a conversation with them versus what's being presented.
[00:14:58] Speaker C: I would agree that's true. And do you know why? I think part of that is I spend most of my waking hours looking for stuff. You start to say you're always looking for stuff to be upset about. That is very true because part of my job is managing people's money into the future without a crystal ball. So I don't want you to ever have any surprises. When we get to a little bit of geopolitics today, I'm going to remind you the reason I talk about that when it's not necessarily financial is because we watch for things like Black Swan events. And to you, our listening audience, there will be no such thing as a Black Swan event. Very likely because we're going to tell you what to watch out for. So when 90% of this country has no idea something's about to pop off, you're going to know. So good on you listening to our show. Tell your neighbors and your friends, tell them one little one's very negative, but once in a while they'll pop a comedian on and give you a reprieve. They'll give you a break from that little one, the little angry one. So couple things going on that have nothing to do with finances, but you need to watch out for them because we don't want you to be surprised if anything ever grows legs. There's a big no Kings protest.
The first one was on July 14th. Then there were a couple little mini attempts.
Now the next one that's being a little bit more structured is on the 18th of October. So if you and I looked up Arizona specifically, apparently there'll be one in Sun City. So but in the Phoenix area, there's going to be two dozen in the Greater Phoenix area, 2100 plus between all 50 states. If you want to know where to meet up, you just have to go to nokings.org and find your local protest.
So that's coming up.
What is going on mostly in big cities. So, Anthony, you are probably not even aware of this. What on earth is going on? Is it antifa. What's going on with ice? You know, a couple ICE officers shot people running trucks into people.
The unrest is getting kind of noticeable if you look for it. And you know what? I don't see it. I watch some of the nightly news on purpose to see what my cohabitants of the country are saying. Not, not really much talk of it. But the, the president, you know, he's. He's looking at sending National Guard troops to Chicago now. Apparently, they're on their way. You know, Portland, Oregon is a mess again, like they were in the Summer of Love. So. But these.
[00:17:24] Speaker B: I wasn't doing all of that then. Like, don't you think he's kind of causing a lot of this chaos?
[00:17:30] Speaker C: And tell me how, tell me how Trump is causing any of this chaos.
[00:17:35] Speaker B: So I thought the whole big immigration push, right, was supposed to be, we're going after all the bad guys.
[00:17:40] Speaker C: That's what they're doing. So they're not. They're not. They know.
[00:17:43] Speaker B: Because I get. Right. Be an illegal immigrant, it's illegal. Right. But that's not. They're not going after these big criminal organizations. They're going after people working in kitchens.
[00:17:54] Speaker C: Not sure that's true. I think they're going globally. We're going to get to a little quick article on Maduro in Venezuela.
There's. Yeah, I think they're going outside and inside the country going after the bad guys.
The bottom line, do you want a country of laws or not? So I'll take the sweeping stand. If you're here illegally, go out and then come back in after applying. But I would rather they went after the real bad guys.
Girls mostly. Females mostly, I'm sure. But no. And you're right.
[00:18:22] Speaker B: I just think the National Guard stuff, like, why is he deploying National Guards in all these cities?
[00:18:29] Speaker C: Well, when you start shooting at ICE officers, I mean, I kind of see that if you look right now at Rome, if you look at France, if you look at different countries with their immigration problems, and granted, those are slanted more towards Muslim populace. I mean, if you look around the world right now, maybe he's trying to get ahead of this. Maybe he's trying to be proactive, not reactive, because he listens to the money show. But maybe he wants you prepared, not scared. Cause I'll tell you what, even in your. You said nothing happened in Ireland. And then later, after we got done recording, you're like, oh, yeah, by the way, my friends, Bethany Ryan said there's places we can't go. Oh, yeah. So even little tiny, green, beautiful pub having Ireland is having some problems. So perhaps our president's trying to do a good thing. I also think when you have a nation that's 37 trillion in debt and you have all these people here, are they on benefits? Before I would even send ICE to any workplaces, I would turn off any benefits. Unless you're here legally. That's not a racist statement, that's a financial statement. So if it were me, I'd be like, you are not going to get a dime unless you're here legally, or you go get a job with an i9 or green card or whatever you have to do, and then you get benefits. So I would tackle this more financially than I would militarily, but I'm. This is what people voted for. I mean, people want the country to be run by laws and that hasn't happened in a long time. And so I'm not against it. And I think once you start, you know, getting in the face of these people, once you start doxing them, you start saying their names and you start pulling their face masks off and saying where they live. No, we need to control this. So, I don't know, we will see what happens. And again, I watch videos for a living pretty much at this point in my life. You do not.
And you won't look at them. If I send you 10 videos today, you won't watch them. I know that. We've talked about it. So I feel like I have a lot more of a handle on what's going on in these big cities than you do. And I don't want it to spread to suburbs. I don't want it to keep going. You know, the summer of love, you know, Baltimore, Maryland, Portland, Oregon. When you look at the destruction, when you look at how many cvss and companies had to leave cities, I don't want that to grow legs. And right now it definitely is.
So I am okay with it. I say send everybody home.
You want so bad to jump me, and I get that. But you know that 80 plus percent of anybody listening to the show is going to be more on my side than yours. They're going to be like, no, but.
[00:20:52] Speaker B: I again, I don't know that.
Maybe I am wrong, but I'm not seeing it. I don't think things are as bad as they're being portrayed.
[00:21:02] Speaker C: Okay, can I send you 10 videos and you'll watch nine of them? At least eight. Watch 80%. No, I think you're right. I think it's contained. So if we don't bring the guard into the cities where it's out of control, how's it going to remain contained? So you're right. At this point it's not out of control.
Look at Italy right now. I mean, Sam was just in Italy recently. I bet he didn't go in the areas. They're having little snags right now. Sam, I can send you a video of Rome from this week. There's issues in the world and I don't want this country to follow suit.
So I actually think, you know, and Trump is on the verge of signing the Insurrection act. So you're gonna have a lot of people that are gonna freak out and say that is, that really is a king. That really is somebody who's taken charge. Well, okay, I mean then stop messing around. What's the, you know, fafo? What is it? Mess around and find out.
Just stop this action and we don't have to worry about it. Trump also on the other side of the coin, which we like to bring you both sides, we like to bring you the half full and the half empty. And there's Trump also might get the Nobel Peace Prize. Apparently there's a agreement, a little settlement with the Israel war that's over two years. Today, by the way, is the 9th of October as we record. So two days ago was the two year anniversary of the Israel, Hamas, Palestine snag. So Trump is apparently getting the hostages released and he's going to have a peaceful settlement, it looks like. So if that happens, boy, the people that have Trump derangements in him. Hang on because you're about to get mad because people are going to talk about how this is the greatest thing this guy's ever done. We will see.
In other news, Nvidia is at an all time high today. There's some financial news for you. Let's get away from that. No, let's go to Disneyland. You know, the happiest place on earth other than, you know, Palestine right now, the happiest place on earth around here. Disneyland raised prices. I read this this morning, raised prices with no warning and said they raise prices effective immediately. So when people's gas is kind of high, especially like in California or whatever, let's say, and the inflation is not waning as we need it to and the cost of living is tough and the middle class is shrinking on steroids, obviously. Same old story. The rich are getting richer, the poor hover, the middle class shrink. So good on you. Disneyland. Now's a good time to say let's stick it to people a little further. By the way. Disneyland. Really? You're the happiest place on earth. I've been there. I've seen those nasty little kids. I'm cold, I'm hot, I'm tired, I'm hungry. Shut up you little $8 hot dog eating gremlin. I'm just kidding.
[00:23:31] Speaker B: I used to be like Bob, it's only $8 there. You probably haven't been in, you know, 30, 40 years then.
[00:23:37] Speaker C: Geez, yeah, it's been about 20 years. It was when your mom and I were kind of new. Yeah, you're right.
And speaking of all time highs, Nvidia, the S P and NASDAQ this morning when I first went in all time high again, like there's nothing going on in the world. Gold and silver. Let's talk about that for a second. Holy crap. Gold is at 4,000 an ounce. I looked at silver this morning. $51 an ounce.
[00:24:04] Speaker B: Oh, it crossed the 50 threshold. Wow.
[00:24:06] Speaker C: Oh yeah. So, and I have a question for you. I have a question on gold and silver. Don't look at the price right now.
Look at why.
Why is gold and silver on this tear? And a little bit of breathing room when you get a little quick correction, you, you gotta jump into one day. It's like if you find a pair of pants, you're like at Sam's club, buy em. Cause on your next monthly trip they'll have different pants.
[00:24:28] Speaker B: So I do think that's a sign of the times though. I think people are finally seeing it. Cause we've been talking about it. It was like, why hasn't this exploded? Why hasn't, why hasn't been gold and silver been going up this whole time? So now it's finally at that tipping point where other people are seeing it.
[00:24:42] Speaker C: And guess what? The retail investor, the people like you and me and Sam, the people that just would out of their checkbook or on their credit card buy gold and silver. It is expensive. It's at all time highs. So it's pricey. This isn't going up because of us. This is going up because countries are, they're done with the dollar. We're in a global reset scenario and it's coming at us like a freight train. The stuff we've been warning you for three years, it's getting faster. So these countries that can buy billions worth of gold and silver, that's what's going on right now. Mom and pop are still buying when they can. That's not what's moving this. This is literally countries.
[00:25:23] Speaker B: So as a another Money show listener, should I sell everything now and buy gold and silver Jr. Oh, let me.
[00:25:29] Speaker C: Give you specific recommendations on the air because your situation is like everybody else's, first of all. And by the way, people don't, they don't really sell gold and silver. They buy it and they hold it. That is definitely a hold will play. So. And you know, if the shelves are ever bare at the store, their food, you know, gold can make you quite the target. So be careful. I know we've talked about that in the past. There's pros and cons to everything. Gold and silver, there's no exception there. We can dig into that a little bit if we have time today.
[00:25:55] Speaker B: Yeah, we definitely, I think we need to talk about that because I'm pretty sure Sam's going to kick us to a commercial break real soon.
[00:26:00] Speaker C: But, well, why don't we do this? Why don't we tell people how to find us and then if they want specific recommendations on what to buy and sell, they can meet with us or they can chat with us. We're at 623-523-0444 and if you want to be faceless to us, reach out to us by
[email protected] Help us out a little bit, tell people about us. Please help us set an appointment with us. Let us be a second opinion. I do feel like time is of the essence with the financial markets with everything going on geopolitically. So come see us. And we are in an amazing window right now where safe, fixed products are competitive.
So it's a really good time to meet with us and we would love that. Lastly, Sam and Shelby are working on the YouTube channel day and night. I don't even think they go to their offices anymore. They just sit in their basements working on another Monday show YouTube channel. So help us. We need more subscribers. We have 370,000 views on our shorts and our videos. So if you want to check out our shorts, please go to YouTube and check out another money show. We'll be right back. Thanks for being with us.
[00:27:15] Speaker A: All of JR and Anthony's listeners receive a free consultation just for listening to the show, visit anothermoneyshow.com.
[00:27:31] Speaker C: Has listening to the news got you down? Are you unsure how politics, borders, health care and our shaky financial ground is going to affect your retirement? Hi, I'm JR Rochford, host of another money show. Tune in every Saturday at noon on 960 the Patriot to learn how current events can affect your finances and more importantly, learn what you can do about them. Stop investing according to the old outdated rules and start investing for the world around you.
[00:28:00] Speaker A: So let's break down the big stuff without the boring. It's money time. This is another Money show.
[00:28:08] Speaker C: Welcome back to another Money Show. Thank you so much for being with us. We greatly appreciate it. We appreciate your time and we appreciate your help and your support. So reach out to us. We'll be glad to be a second opinion for you. We're at 623-523-0444 or you can email
[email protected] and don't forget, check out our YouTube channel. We're trying to grow that bad boy.
So one thing that I do a very poor job on on this show, I heard it called the call to Action. I'm not forceful enough on saying we want to meet you. We need you in the office.
Anthony says at the end of the show every time. We have no quotas, we have no minimums. We want to meet everybody, anybody that listens to the show. We want to meet you one at a time. We'd rather not meet you all in one afternoon because we have a smaller office. So. But we want to meet you. So my call to action, reach out to us. I honestly believe changes are coming, a shock coming from me. But I honestly believe we are in a little bit of a calm before the storm on a few different levels. And I also believe we are in the best sweet spot we've been in since I've been in this career in the 1990s on things. We have opportunities like we've never had as how I see it. So let's, let's see if they apply to your situation. One person, one couple, one family at a time. We would be honored to help you. We don't even charge you to do it except for a little bit of time.
So moving on, we're going to actually, no, continuing on, let's air out gold and silver just for a minute. I know we don't need to spend too much time on it. That's what you have Joe and Jason for. So with gold and silver, if you've bought it over the years, say you bought it at $300. Are you going to sell it right now? Probably not. Because you see the trajectory, you see what it's doing. The other thing, you can't spend it. You can't take a gold $20 coin to Walmart. At 4,000 something a coin and ask for 3,800 thousand change. It doesn't work that way, so it's not practical.
There's good and bad.
[00:30:17] Speaker B: It.
[00:30:17] Speaker C: It is thousands of years old. It's God's money. It's a store of value. I get all that. It's cool, too. It's shiny. It's just wicked cool. But here's part of the downside. The reason that you're buying it. That's why I say stop looking at the price. Stop. Start thinking about why it's moving. We don't have the Hunt Brothers cornering the market in silver anymore. I don't want to get slanderously sued here. But we don't have a big bank. I won't name Jamie Demon's bank by name, but we don't have a big bank who's kind of manipulating the price of silver over the years. Everything's kind of right now. The world is overriding any shenanigans. Countries are bulking up. Look at Brazil this morning.
Research Brazil and the big, huge tons of gold they bought today on the 9th of October, and you'll see what I'm saying. So here's part of the problem. If you're a mom and pop and you have gold, if you're from.
Let's stereotype the hell out of the Valley. If you're from Paradise Valley, Fountain Hills, Scottsdale, and you're of great wealth and you have $100,000 worth of gold in your cupboard, and I am a Desert Storm vet, my friends and I have weapons. And we. It gets bad enough, we can relieve you of your gold. You cannot purchase our weapons. That's a very crude example. And no, me and my friends will never be part of that scenario. But you got a lot of people with nothing to lose in this country. You got a lot of people that are struggling. They would love to have your gold and silver so you could make yourself a bigger target than you realize. And if there's no food at Safeway or Fry's or you name the store and you have gold and silver, what good's it gonna do you? You know what? You might wanna stock up on?
Food, water, a way to replicate food, like a tower garden. Call our friend Marcy. You may wanna have. Even if you don't smoke or drink, you may want to have 10 cartons of cigarettes so you can take out a pack and barter with it. You may want to have antibiotics. You may want to have little airplane bottles of liquor. Don't go to Sam's Club or Costco. By saving money by the big huge bottle, you're not going to be able to pour shots for people and charge, you know, a silver junk coin. So you may want to think this through. And I can tell you what I don't know, that gold and silver are done. You know, why is it going up? Because the entire world sees what's coming. The fiat currencies, not just the US dollar, the yuan, the Renambi. The world of fiat currencies is struggling. Our next crisis is not going to be contained in this country. It's going to be global. So the world is understanding that.
So that's the pressure. It's not me and you out there buying a $4,000 coin.
So with gold and silver, be careful. Make sure you reach out to us. And let's talk our number one thing in our office. Did I mention we're a fully independent fourth generation family practice? Completely independent, veteran owned. We check all the right boxes. We don't have a big wirehouse making us with pressure and sales. We don't have to twist your arm to make you move money to us. If we can help you, we'll be honored. If we can't, believe it or not, we won't. So anyway, so you know, you know what our biggest thing is in the office since I've been in it?
Diversification and moderation. Those do not go out of style. I don't care that I've seen marijuana stocks skyrocket and people in Sun City ask about them. There was no Bitcoin when I started. There were no high frequency trading computers. And it's a different world right now than it was 30 years ago. One thing that never goes out of style. Do we come on here and tell you you're a dummy if you have stocks? We have never said that. Do we think you should be watching your accounts? Next to your health, your money might be the second most important thing you have to worry about. Yes, every week. Do we hate stocks? We do not.
We think you should have what's appropriate for you and your family.
So let me put a sales pitch. Let me have a call to action. Let us help you. Let us sit with you and brainstorm on whether you should have a tower garden or a piece of gold or a stock or a bond or a. Whatever we can help.
[00:34:26] Speaker B: I should have known better than even bringing that up to you.
[00:34:29] Speaker C: Oh, come on.
[00:34:32] Speaker B: Now that you're done with the emotional part, can I talk? Gold and silver from a like a financial part.
[00:34:36] Speaker C: The thought that you're going to chime in and talk more thrills me. So please, the light is green.
Go for it.
[00:34:43] Speaker B: I was like, if I don't interrupt at some point, this will never end anyway. Because I want to answer the questions that I know everybody, essentially it's, you know, should I be buying now? Well, first of all, if you think it's a smart investment, you probably should have already been buying, right? Don't stop chasing things because they're just up. That's going to get you in trouble. When people say, then people ask us, because they do ask us all the time, should I buy gold and silver? My first question is, what do you want it for?
Because like J.R. said, right, Tower, garden, end of the world, have food and bullets and all of that stuff because everything is collapsing. Well, how far is gold and silver really going to get you?
Are you buying it because of the investment properties? Are you saying, oh, it's skyrocketing now and this is just the beginning. It's going to go all the way to the moon, like GameStop sell. Well, in that case, what's the easiest way to do it? Because I like hard assets, I like gold and silver. But here's the thing. If you're trying to buy gold and silver and as an investment, because you want to turn around and sell it, you're gonna spend a premium purchasing it on the way in. So now you have to recoup that money. Plus they're not gonna give it to you at retail price too when you go to sell it. So you have to recoup that money. So now all of a sudden you have to gain, you know, 10 to 15% before you're even breaking even on physical as an asset to be trading. Not that I'm against it because I do, I like, I love the physical gold and silver. But there are EFTs that track essentially the gold and silver price. If it's a quick investment, you think it's smart. I think it's going to, you know, skyrocket. And I want that. There's gld, there's slv, you can buy mining stocks. There's all kinds of ways to do that. You, if you want gold and silver as an investment, do you want, as investment, do you want it as, you know, barterability, end of the world type stuff. Like you have to have a certain mindset of how you want to approach gold.
[00:36:43] Speaker C: And so, and you can be diversified, moderated and have both. You can have some for appreciation without needing a buyer. You can sell it and you can have some in your home. And I get. I have both.
[00:36:53] Speaker B: I like.
But I have. My physical stuff will probably be inherited one day to Jay or my little sister. Like, I have zero plans to ever get rid of that. So it's like, well, why did I even buy in the first place? But I think it's smart to have.
[00:37:06] Speaker C: And the listeners want to know right now, how much do you have and what's your home address?
[00:37:11] Speaker B: And it's not buried in my backyard. And I'm not at the intersection of.
[00:37:17] Speaker C: So no. All good points. And I'll tell you what, my whole thing in life, moderation, I mean, and everything's gray. I said during the break to Sam and Anthony, there is no black. There is no white. It's all gray. It's all perspective. It's all what you're trying to accomplish. So you are correct. And I love that you did chime in. And yes, you have to cut me off because I get excited.
[00:37:39] Speaker B: That's all I want to say. I'm done now.
[00:37:41] Speaker C: Okay, next week, let's move on. Let's change gears for a second. I found something interesting. This is from yahoo.com hard for me to say Yahoo without singing it. This was on the 5th of October.
I asked Chat GPT for the date of the next stock market crash. How come I've never thought to this reached out to the old Chatty G. That's. That's what Cheryl called it over the weekend. She says she refers to Chatty G when she has questions. So this. I'll just give you a little part of this. Do we live in interesting times?
It feels like it these days. Every day I read a new article written by a doomsayer predicting the next stock market crash. And every day I check the markets to see record highs being hit on the FTSE 100 in the S&P 500. In the midst of my confusion, I turned to that 21st century oracle, ChatGPT, to see if it could help me unravel the situation. I asked when is the next stock market crash? It first got the boilerplate disclaimers about how even the best economists or AI models cannot accurately predict stock market crashes. But what it said after piqued my attention. ChatGPT listed six common warning signs of a potential market crash.
Overvalued markets. Check.
Rising interest rates. We'll see. Even though the Fed lowered rates, they have risen. So we'll see. Geopolitical tensions or war? Check. Economic recession or slowdown. Check. Even though they don't say that's going on high corporate or consumer debt. Holy cow. Check. And lastly, the black swan events.
I'll just read a couple more things here. Looking at the list, however, it's hard to deny that there is real cause for concern.
As far as ChatGPT can tell, the warnings of a crash are all there.
As we like to say a lot at the Motley fool, one of the pillars of investing is diversification. Putting all of your eggs in one basket creates a lot of risk if you pick the wrong basket. The dot com crash was a good example of where anyone betting on tech may have come out very badly. How ironic is what I just read. Think about something for a second. This is from AI. Chat BGTP isn't a person, it's a computer that's smarter than people. So they just compared things currently to the tech bubble. The tech bubble was technology. AI, I would arguably say, is technology.
[00:40:31] Speaker B: So technology warning of technology.
[00:40:34] Speaker C: Yes. The robots are telling us we're going to kill you and everybody's like woo AI. It's going to replace my job. I don't know. I just. I find that interesting that Chat GPT is saying what I've been saying forever. And yes, I'm one of those doomsayers.
And like I always say, I'm never wrong. I'm early, but I'm never wrong so far. Maybe I'm wrong on this one. Maybe you're right. Anthony, the market can only go up.
We will see what happens. Let's get into the banks for a second. Anthony, you sent me an article from CNN Business From 6th October 5th, 3rd and Comerica agree to form America's 9th largest bank.
Regional lenders are looking to diversify revenue streams, strengthen balance sheets and expand into faster growing markets as they recover from an industry wide crisis in 2023 that shook investor confidence and expose the risk of bank runs and troubles in commercial real estate.
Analysts have said that consolidation is crucial for smaller lenders to compete with the nation's largest banks, with several banks looking to take advantage of a potentially lighter regulatory environment under the Trump administration.
The S&P 500 Banks Index has surged nearly 21% this year, outperforming the benchmark S&P 500's roughly 14% rise. Mergers and acquisitions have become crucial for regional lenders looking for a competitive edge in the highly saturated US Banking market.
Many lenders are looking to build larger, more diversified franchises with steadier revenue from businesses such as wealth management, payments and treasury services.
So to sum this up, two decent sized banks are going to get married and become the ninth largest bank. So it looks like in 2026 it'll go fourth. I highly doubt the government is going to stop it.
And we've been warning you for the three and a half years we've been on this show that there is going to be bank consolidation. That will be one of the signs that Fed now that the central bank digital currency is near because they have to get rid of. We've got over 4,000 banks in this country. They're going to have to get rid of a bunch of bunch of them. So some of the ones that are of decent, you know, asset holdings are going to merge. So I expect that to continue.
I want to switch gears to another article. Actually it's not an article. I read an article and it prompted me to do what Anthony would do and I went right to the source. I went to occ.gov and I did this. On the 6th of October, OCC announces actions to to reduce regulatory burden for community banks.
The OCC is the Office of the Comptroller of Currency.
They're sleeping in the same bed as the Federal Reserve and the Federal Deposit Insurance Corporation and all of these brilliant genius banking people. You know what, let me give you a quick, a big 10,000 foot view of this and then I'm gonna read just a few lines of this. And this is coming right from the government. This is a.gov website.
So the big picture, as long as I named a couple of people that are in bed together, let me talk about them one at a time. The fdic, the Federal Deposit Insurance Corporation, those are the people. If we do have another modern running run of the banks which we've been in for 5 years if it grows legs they have one 0.3% coverage in the insurance coffers. So picture that for every hundred dollars you have they will be able to reimburse you with $1.30. It ain't going to happen. It's going to happen for Mark Cuban. We already saw that in 2023. It ain't going to happen for you Sam, you Anthony, I'm so sorry. One other thing we the Federal Reserve. I said the Federal Reserve A they're not federal, they're pro private bankers. So it's baloney. And they have no reserves so that's a misnomer. Also make sure you familiarize yourself with the term bail in. We've been shouting that, I've been shouting that for 15, 20 years. Make sure you know what a bail in is and then look up Yemen and Greece and so forth. You might also want to read the Dodd Frank regulation from 2010 which put the rules in place in this country under the blanket of the the last financial crisis to have a bail in in this country. So we're on a fractional reserve system. What that means is the government says because the governments oversee the banks, the government says you need to keep money in reserves, banks, we can't bail you all out. We know we have 1.3% and we know the people in the country are too dumb to handle that information. We said it in an open meeting, Anthony. I have a copy of it a couple Novembers ago. We know how fragile the system is. So we're going to make the banks keep some money in reserves. And you know what it was before COVID 10%. All of the money we put in the banks. The government can do whatever they want with 90% of it. Mortgages, reverse mortgages, mortgage backed securities, derivatives, you name it, they can do it. And then as long as they have 10% reserves, everybody should be okay. So in March of 2020 it was passed on the 13th, Friday the 13th of March it was effective on Monday morning the 16th. The government in their infinite wisdom said you know what banks, you need to keep the economy going. So you don't need to keep any. The fraction reserve is going to be zero. You know what it is at today? Fast forward five and a half years later, it's at zero. The government never went back in and said banks, you have to keep at least 10% of depositor assets in cases ruin the banks. It's zero. Still, look it up. So the reason I went to the OCC let me read a little bit of their own writing.
Feel free to ask me to send it to you if you wish.
Washington the Office of the Comptroller of the Currency today announced guidance to banks and proposed rulemakings to reduce regulatory burden for community banks.
Do you want me to read that again? We have no rules on the banks anyway. The Federal Reserve is not federal and they're saying we're going to relax the rules that we have. Good Lord. These actions build upon the OCC's continued efforts to tailor its regulatory and supervisory frameworks to minimize the burden for its regulated institutions to promote economic growth. Community banks have outsized impact on lending and are vital to the strength of the US economy. Today's actions relieve these banks of regulatory burden and unproductive reporting requirements so they can better position to support their communities and drive economic growth, said the Comptroller of The currency. Jonathan V. Gould. Hey, John, if you're listening, what does the V stand for? That's my first question. So, Jonathan V. If you're listening, I have questions for you. The OCC will continue to tailor our risk based supervision to focus on material financial risk. Kevin, get out the jargon generator because none of this is. I have to wear boots and have a shovel in my hand to read this. The OCC announced it's removing fixed examination requirements for the community banks and instead tailoring the examination scope and frequency to be consistent with risk based supervision. Sounds like you're taking away the supervision.
This approach. I just called the comptroller of our entire financial system a horse. This approach reduces. I mean that. Allegedly, Sir Jonathan V. Allegedly, your horse reduces supervisory burden. Okay. The OCC will continue to prioritize reforms targeted to community banks ahead of broad. Listen to this part. This is the end. I'm going to read ahead of broader reforms for the industry. Okay. I already told you there's no money. I already told you there's no insurance. I already told you there's no reserve requirement. I already told you they're about to make things even more lax. Let me tell you something else. Did you hear we say a couple months ago about the Genius act? We're going to have, we're going to have stable coins that are going to have to be backed by treasury notes. That's part of the 37 trillion debt. Did I mention that? All of this, the merger of Fifth and Comerica, this regulatory environment, it's all telling you what direction it's going. Is it going to be in six months or a year or two years? I don't know.
[00:49:26] Speaker B: But now North Dakota is making its own stable coin. Like we're, we're backtracking. Like the Fed came in, right? Did. Not a lot. Well, you know, did. Obviously some bad stuff, but at least they, they brought all the currencies. They made it uniform, they made it one. And now we can exchange currencies in the U.S. in California, North Dakota, Florida, wherever it is. It's all under one. But we're, we're aggressing same now.
[00:49:51] Speaker C: Well, and Wyoming has their own coin now. Arizona has their own reserve now with coins. It's coming. Kids, I'm sorry to say this to you.
You know, during the break, Anthony and Sam, I discussed the fact that there's always been something to worry about. You know, we have access to so much information now, it's easier to, to go down the road of being worried about all this. You can pick and choose what you look at. I'm just telling you, I spend my entire waking life trying to find stuff to bring to you that you're not hearing anywhere else. So you're never surprised when things change. You're not going to get a black swan event because you were going to hear from us what's going on in the world. You know what? I'd be worried if I were you. If you're listening, I would right now be very awake and aware. I'm not giving you recommendations, I'm giving you stuff to think about. I would be very aware of having money in stocks, bonds and banks. Those are my big fears.
I'm softening my stance on digital currencies. And not because I believe in them, not because I like them, not because I trust them. They're air, they're beanie babies, they're tulips, but they're coming.
So I don't care if I like it, I don't care if I understand it, it's coming. And all these bank changes are telling you the banks are gearing up for changes are coming, so you should be ready. I only have a couple more minutes so I want to shoot out a couple quick things on geopolitics because you need to be watching this stuff. You, you don't see it on the news, so we're going to bring it to you. And by the way, why do I talk so much about geopolitics when other advisors focus on date of birth, income, assets, approximate tax bracket and risk tolerance? I can tell you risk tolerance. When things are going up, it's a 10, when things are going down, it's a 2. So there's your risk tolerance. But you know, we can help you figure it out with pie charts and questions. So you know what?
What? They're not talking about the world around us. So tune into us every week and we'll give you that part. When you come in our office, we'll talk, we'll ask about your date of birth, your income, your assets, your risk tolerance. We'll help you figure it out. But you know what?
Listen to us each week too and then you won't be surprised by the world. I might only have time to just like get the title of these articles out, but feel free to reach out and I'll send them to you. All three of these are from Zero Hedge because this is my go to for geopolitics. This one is from 30 September US intel warns China is modifying tank carrying ferry fleet for potential Taiwan invasion. We've been saying for three and a half years on here China is going to re annex Taiwan. It's just a matter of time. It might be getting closer. This article goes on to say that basically says here they're building more than 70 large vessels by the end of 2026. So I don't know. Watch China and Taiwan. It's still, still not gone. Another thing here, Trump calls off diplomacy with Maduro as secret DOJ approved kill list revealed. When we talk about illegal immigration and I said it's in the country and out of the country, you know, we have attacked, I don't know what you call it. We've, we've raided ships carrying drugs. We've actually killed people on said ships. So apparently that's about to get to be a bigger thing. The only thing I guess I have time to read from this. Several significant develops this week have paid the way for more likely US Military escalation off the coast of Venezuela at a moment of unprecedented numbers of Pentagon assets parked in the Caribbean. I don't know how the government shutdown affects all this, but I oh boy. I guess we only have one more minute. We'll continue next week and I'll give you some geopolitical news so you don't have to worry about black swans.
Wait, I know you can't, but that's.
[00:53:28] Speaker B: It for today's show. If you like what you heard, you have questions on any of the topics today or any of the topics we didn't cover because we ran out of time or you want to sit down with us to review your personal situation, you can reach out to us at team at another money show.com find us on the web another money show.com give us a call 623-52-3044.
That number again is 623-523-0444. There's no minimums, no cost for appointments, 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.
[00:54:05] Speaker A: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management, LLC, BCM. A registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
[00:54:42] Speaker C: 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.
[00:55:01] Speaker B: Hi, I'm Anthony Crayo, co host of another money show airing on 960, the Patriots Saturdays at noon and partner of Rochford and Associates in Sun City. If you've heard our show, you know it's more news based and how current events could affect your finances versus an hour long infomercial. Well, now it's time for that infomercial. But I don't need an hour each week to tell you what I can say in 60 seconds. The key to a happy retirement is income. Income, income, income. Clients with low assets and those with high assets all have one thing in common. Common a fear of running out. Assets come and go. Income is forever. Self funding pensions is the key to a happy retirement and we can help you do it. Reach out to us at 623-523-0444. That number again is 623-523-0444, or find us on the web at anothermoneyshow.com and let us help you not worry about your retirement.
