Will Global Tensions & Market Volatility Impact Your Bottom Line?

[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. 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 JR Rochford. [00:00:42] Speaker B: Here we are, your hosts Anthony Correo and JR 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 the greater Phoenix area 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 right at the beginning [00:01:05] Speaker C: of World War three, correct? Welcome to World War three. Today is our End of the World episode. Thank you for being with us. So I know I say this every single week. I say how much I have to get done and how much I have ready. This week is the very most I've ever had lined up for the show so I am going to have to try to focus. So I will tell you what usually my average week and Anthony, you know this but most people don't. I spend about 8 to 10 hours a week reading articles, watching videos, gathering information, doing research and I come up with I would say on average 10 articles a week. How many did I send you this week would you say? And I only send you some of them. [00:01:47] Speaker B: I as far as all of them this week too. [00:01:50] Speaker C: Oh wow. Well then let's hit every single one. I believe I got a total of 23 articles for this week so I have a lot to get to. I am going going to focus and stay on track and we probably won't have time to do any deep dive into the articles but I'll I'll cite the sources as the one and only Sam Davis has luckily told me to do because I never knew that. And you can dig in further if you want or we'll send you the articles so you can reach out to us at 623-523-0444 or email us at team at another money show and we'll send you the articles so you can dig into them like I do. And let's so let's get busy. Let's do the shout outs. You know, I like to start out with shout outs. We have a couple that I want to acknowledge. They are, you know how we're a small business. We're a fourth generation, fully independent family practice. We have met some people through our office manager Macy named Tim and Julie. And I want to give them a shout out. Talk about hardworking entrepreneurs. They own a smoothie shop. Well, they, they bought into a new franchise called Mr. Pickles. So I know Tim said that he would listen to the show if I gave him a shout out. And I would have given you a shout out even without you saying you listen to the show. That is my new favorite sandwich shop. And I, as a short fat man, like sandwiches. I like pretty much all food. But anyway, so if you get a chance, I know there's several locations, but our friends Tim and Julie, they own the one on Happy Valley Road. I want to say it's like 107th Avenue. I don't know. It's between 99th Avenue and 107th on Happy Valley. So good. You know, I love the bread at Mr. Good Sense. I mean, I have different things I like. I like the everything, the bread. They put so much meat on the sandwiches at Mr. Pickles. So please make sure you make your way over there and support them because they are great. We have a loyal listener. She's newer with us, but she's a friend and a client now. Her name is Carrie. Carrie, thank you for continuing to listen. She let me know that the bank episode a couple weeks ago and we dug into the insolvency of the banks. She said that that was pretty. That was a powerful one for her. So apparently she even got her husband to listen. So I appreciate that. Another shout out we had. I had some people text me and call an email to wish me a happy birthday. So one wished me a happy belated birthday. I know you're listening to us at five in the morning. So, Betsy, thank you so much for the email. You made my day. So thank you for continuing to listen. It's a small world. You know, I talk about Kevin every week and Michael C. From Sun City. So I, I guess I don't have to bring them up today. But thank you for all the people that are helping us with the show too. We appreciate it. We had a new person come in. Hopefully she's going to become a listener. Her name is Evangeline. And if you are listening, thank you so much. It was great to meet you and we talked Yesterday about the banks. We, we got into everything, we got into the stock market, we got into every conversation that, that falls within financial planning, you can imagine. And one of the things that she had never heard, that the banks have no money, she had never heard about fractional reserve currency. She, a lot of this stuff was new to her and I told her that the best thing she can do is make sure I'm on the right track. And I wanted to give everybody, because she took notes, I want to give everybody the simple instructions to see how much money is in reserves on the FDIC website. So I bring it up periodically, but I want to bring it up again because everybody that hears this, that doubts what I'm saying, all you have to do is do a little bit of research. Luckily, Al Gore invented the Internet, so we can all do this. But let me give you the steps and again, call us, email us, and I'll get it to you in writing if you need it or whatnot. But all you have to do is go online, go to fdic.gov, go to the upper right search bar, type in statistics at a glance and then when that opens up, click on the very first option. It'll say December 2025 statistics so the new numbers are out. So click on December 2025 Statistics, then click on FDIC Historical Trends. It's a PDF. There's only two options, but do Historical trends and then boom, a graph is going to pop up. If you're older like me, you will have to enlarge said graph because it's, it's pretty fine print. But enlarge it, go down to the bottom left hand corner and look up. Oh, we need this on YouTube. Sam pulled it up already. So go in the bottom left hand corner and when you see deposit insurance fund, that is what is backing your money. So when they tell you you're safe as long as you don't Keep more than $250,000 per account, you're great, you're golden. If there's a modern day run of the banks, you, because they will bail you out. I have bad news for you kids. The current number as of December, and yes, it went up a little bit since last year. They now have a reserve ratio of 1.42%. You have to understand what I'm saying. If you have $100 in the bank, they only have enough to cover $1.42 of your money. So act accordingly. Pay down debt, have some physical cash at home, especially with some of the stuff we're going to talk about today. Good night. You know, do some of your grandchild gifting. Give each of those little boogers up to $19,000 this year or give more and just do it in cash. Let me talk about how to cheat the IRS here on a. On a radio show. So. But do other things. Make sure you are awake and aware and nimble. So that's all I have time for today on the banks. But I thought I'd bring it up because we had a lovely conversation yesterday and it definitely piqued her interest. So think it will other people. I want to hit up the markets a little bit here. I wrote down last week on my outline, which I prepare every week, I wrote down what was going on around me with prices last week. And I'm going to compare and contrast what a difference one week makes. Last week, oil was $66 a barrel. Today, when I looked in this morning, it was at $78.68. Last week, gold was 5,226 an ounce. Today it's 5,103 an ounce. Silver was at $90.43 an ounce. Today it's at 82.23. And Bitcoin was at 68,668 a coin. Today it's at 71,134.26 a coin. Why I bring this up, you better be awake. Gold and silver are holding at very nice levels. They're a store of value. They're God's money. They're actually tangible. You can hold them. So be careful. The world is on fire. When Anthony says World War iii, I know you don't think that could ever happen. You do realize right now, if China decides this is the year to, to bring Taiwan back into their fold if something goes off, if Russia and China and say we are allies of Iran, you guys need to knock it off. If a nuclear missile hits one of our bases, nuclear or a chemical biological warfare takes place or any misstep gives. Right now, watch what happens to the stock market. We already know. If you listen to us, you know this. The Dow Jones Industrial average is only 30 companies. Look that one up, too. As you're going on, FDIC.gov, poke around on the Dow Jones, the s and P500. They call it a weighted average. It's been floated by 10 stocks or less for a decade now. It's all smoke and mirrors. So be ready. Our whole mission since we've been doing this show almost four years now is to make sure you're prepared and not scared. We want to make sure you're proactive and not reactive. And today's show is. I'm sounding alarms louder than usual for a reason. I think the stock market can go on forever. I think we'll never have World War 3, we'll never have inflation, let alone hyperinflation. I think all those things until they change. And I just feel like I need to be more vocal because something is wrong in this world. And you know what? Last night the masses watched the local news. They watched the mass singer. Good lord. If the Mass singers any indication of our country, we are in deep. You know what. So anyway, I'll give you a few examples on why I think you should watch things. You know the Dow Jones a few minutes ago, I looked in on it. It's down 800 points. We work on a boom bowl. [00:10:55] Speaker B: Boom. [00:10:55] Speaker C: What is it? What do we work on, Anthony? Boom, bust. Boom boom. Anthony has talked about that movie for years. You. I think it's. It was on YouTube last time you brought it up. You need to find the movie. Yeah, Boom, bust, boom. We have. We literally next week we're going to hit the 17 year anniversary since the end of the Great Recession. The bottom of the 2008 correction was on March 9th of 2009. We had some rough times in 2224. We had the biggest, steepest V type decline in the history of the stock market in the month of March 2020, you know, Covid days. So. And that bounced right back. So I don't know. I mean, you know, my grandfather, when he started the practice, he used to subscribe to certain rules like you save a little more than you spend, buy low, sell high, those things. I'll tell you what, you know, that was before high frequency trading, computers and all the rigged manipulation. You know, that was when things were simpler. And right now, if you've had a 17 year run up in the market, for all practical purposes, if you started dollar cost averaging things out and I'm not giving you recommendations without sitting with you, Anthony and I have to meet you and know your situation. But in general, you need to understand if you've been making profits for 17 years and you're not taking some off the table and locking it into hard assets or locking it into other opportunities, you might want to start thinking about it at least and get a second opinion on that. And we are here to help if we can. Let's dig into a lot of this stuff. We're still in a government shutdown. I guess between Iran now and Epstein Files, Nancy Guthrie. Is that still a thing? Do they find her? Is she alive? Iran. Shame on you for putting Nancy Guthrie on the back page. Anyway, we have a lot going on, so you got to be careful. But we're still in a government shutdown. So what does that mean? I mean, how soon are we going to get back to that? I looked in on US debt clock.org this morning. We're at 38.8 trillion in debt now. So we're soon to hit 39 trillion. What is the magic number? 40 trillion, 50, 100. It's all adding up. So we need to be awake. That's all I'm getting at. So one of the big stories right now, one of the big things going on when you look at Iran, you have to understand Iran is on top of Ukraine and Russia. That's still going on, even though that's, that's, you know, further down than Nancy. And. And then you have to think the Israel and Palestine issue is still on the table. We went into Venezuela, we actually took their leader, Maduro, and put him in New York. I haven't heard where he is now or what's going on with that. And Cuba, we're talking about having a issue with Cuba. Maybe we're going to take that country over, which would be great for their tourism and all that stuff. You know what I heard this week? It's been kind of quiet. We are now, I don't know if I should say invading or attacking or, or, you know, what I should say. Now we're in Ecuador, we brought up Venezuela and then we tied in Colombia because of the luxurious cocaine they have there. Now Ecuador, I don't know if it's true. I haven't had time to verify this yet. What I read was that we have 50,000 troops in Ecuador. So we're getting spread really thin. So bringing it back around, Anthony, to World War iii, it could happen any single day. You have the Homeland Security, you have all these people, FBI, ca, all these letter agencies. They are somewhat concerned. Learned that after four years of open border policies, we don't know who the gotaways are. We don't know where they are. You know, we know there's like over a thousand fighters for ISIS in this country. We don't know who brought what over the border. There is a realistic possibility that we could have a sleeper cell. Wake up. We're already having lone wolf, you know, problems in this country. It's an everything bubble. And what's amazing, it's all bad. I focus on financial matters. I manage Money into the future without a crystal ball. So I'm trying to Wayne Gretzky and be where the puck's going to be, not where the puck is currently. And I'll tell you what. You know, I tell people I'm not an optimist. I'm not a pessimist. I'm a realist. I have never been this convinced that something is going to give. And my dad and I. My dad, mostly, I was new in the industry in the late 90s. He thought something was going to give. With the tech bubble, he was the only one in our office that seemed to be concerned. These other advisors were out there, you know, doing illustrations for variable annuities, running them at 12 to 14%. And my dad's like, if I catch you doing that, you're out of the office. He was like. He's like, we're going to run 6 to 8%. And that's pretty high, probably. So in 2008, my father was ending his career. That was. He had some health problems, and he was at the end of his career. He and I talk about how something is wrong. Things don't make sense. We didn't know how bad the end of 07 through the beginning of 09 was going to be, but we knew something was wrong, so we were proactive. Well, imagine 17 years go by and I'm still thinking, they never fixed anything. They. They just swept stuff under the carpet. We have these massive problems with derivatives, and all kinds of things are wrong behind the scenes. And yet my 401k is steady or going up. How can that be? And you hear me all the time, I say that the American people in general, this is. This is a sweeping generalization. If gas prices are steady or going down and my 401k is steady or going up, I don't care why. I don't ask why. It's just. Life is good. I have kids. I've got to go to school. I've got to work. I've got to do this. I've got that. I try to get to the gym. We got to go walking. We have pets that need manicures. We have so much going on. We can't worry about all this stuff. And that's why you have us. We will rattle your little cage. We will spend eight to 10 hours a week gathering stuff, package it neatly, and give it to you in one hour because we want you prepared, not scared. Okay, Got off the track on there. I would be very aware of your surroundings right now when I say this. I know, I've said it for a long time, I am a second amendment supporter. I went to a military school for high school. I actually voluntarily went into the military. I believe that this country is worth protecting. I also believe we have God given rights. I believe, Anthony, you should be able to protect yourself and those around you and those you love. I believe that we have a right to stay alive and healthy and happy. So I have been thinking that all of the school shootings, Anthony, you said there's a lot of them. I agree. Those are soft targets right now with the war in Iran. I would say pretty much anytime you leave your house, it's a soft target. And I'm not trying to scare you, I'm just saying watch your back, watch your six. If you're at a school, if you're in a church, if you're at a sporting event, if you're at a concert, right now is a really good time to make sure you know where the exits are. You may even want to, if things are iffy for you, maybe don't even do it for a little while. Let's go a little bit longer and see what's happening with everything in the world. Because if there are people in this country that mean to do us harm, they are probably going to make themselves known in the next weeks and months. So I'd be careful. What was it? Austin, Texas, there was a lone wolf gunman. And it was so funny because they're apparently still trying to figure out if that was a terrorist attack. You know, what I'm going to say to you if you're in the FBI or the local police or the government, anytime somebody pulls out a rifle and a pistol, he used both, by the way. I would say that's pretty, pretty terrorizing, you know, and I know what they're getting at. They're looking for like is the person tied to any Muslim, you know, connections? Well, the guy was wearing a sweatshirt. I think it said Property of Allah. And then apparently he had another shirt or a jacket with the Iranian flag on it. He had a Quran in his vehicle. So I can help you if you guys call me. I'm somewhat of an idiot savant. At least half that is true. So I can help you. Yeah, yeah, it was terrorism. So watch out. There was a woman in Virginia that was stabbed. There was a road. There's so many of them right now. I haven't got a bunch of stories on people around the country that have been hurt, wounded, killed. So watch yourself is what I'm getting at. When we say we want you prepared, not scared. Part of that is physically, you know, if the stock market has a big enough crash, if the housing market screeches to a halt, and I know it doesn't happen next Wednesday, but over the next year, let's say if the housing market streaks to a halt and the stock market collapses, people are already struggling. There's people that are having trouble with the prices of food and gas and rent and mortgages. It's. People are going to get weird. So you need to literally, physically be aware of yourself more than ever in history. I think, you know, I'm always talking about things are in an everything bubble. I don't think it's just going to be the next Covid. I don't think it's just going to be a geopolitical thing like World War Three. I think it's going to be a bunch of things that poke through at once. And I, I don't know that. But to be proactive and not reactive, maybe you should have some food and water. If you have some. Maybe you should have some more. You know, if I could go back in history and tell people before COVID maybe you should have an extra hand sanitizer, Clorox wipes, toilet paper. Maybe that'd be smart. Now is an outstanding time to revisit that, if you're so inclined. Maybe you should be armed whenever you're out of your house. Maybe you should get some training, maybe go through the concealed carry class. Maybe maybe, you know, take that seriously. Maybe you should have some insurance, go to the USCCA or one of those and make sure if you did ever have to use the weapon, you. You don't, you know, ruin your life. So. But everything going on tells me that I'm probably on the right track here. When I look at local, you know, domestic terror attacks, are they likely? I would say yes. You know, my thing, soft targets. When I talk about those things, all I'm saying is be awake. Should we live scared and make sure that people won by default? I'm not saying that. Am I going to go and do what I do, you know, as normal? Of course I am. I'm just going to be a lot more aware of what's going on. So, you know, there's. Jamie Dimon came out and said that with the war in Iran, how's that going to affect his bank and others? He talked about inflationary pressure. Well, yeah, I mean, today, as we record, is the 5th of March, and I understand that another ship was attacked by Iran in the Straits of Hormuz, I guess it's on fire as we speak. You know, if the price of gas goes through the roof, that's going to affect shipping. That's going to affect everything we do. But Jamie Dimon also said that they are aware of of the fact that there could be a cyber attack on his bank and others. I'm telling you already, the banks have no money. You know, that's a house of cards to begin with. We've already had to deal with the commercial real estate, you know, situation that's ongoing. We have to deal with the fact that we literally could go to a bail in. So I think you should listen to these people that are awake and aware. You know, I know there was a drone strike on the Amazon Web Services, the aws. There was a drone strike that led to outages here. I guess. Reddit, Facebook, Instagram, some of the social media was out for a while on the 3rd of March. All of this stuff adding up makes me think now's the time to make sure you read research, listen to us, listen to other people. Going back for a quick second. You know what I'm gonna do? I guess we only have a few minutes before break time. I feel like I am going fast and furious. I'll slow down for one second because I don't want to miss it. Let's get into the Festivus Report and then we'll spend the entire half, the other half doing the articles. I picked a very quick one on purpose so we can do this quickly. Amount wasted. This is your tax dollars, kids. Amount wasted. $3.3 million. The Department of Health and Human Services gave Northwestern University $3.3 million from NIH for a project called Nurture, which reads like a woke cult manifesto. The grant pays for scientific neighborhoods, safe space ambassadors, inclusive excellence, coaching, and an institutional Transformation and Accountability committee. Kevin, if you're listening, Jargon generator. Everything I read, we need the jargon generator. Let's see here. Northwestern is one of the wealthiest universities in the country with an over $14 billion endowment. That's very well endowed, that school is. Yet taxpayers are picking up the tab for its internal HR experiments. Shame on you, government. Washington calls this investment. Most Americans call this waste. No kidding. So Anyway, there's another 3 million that we'll shed some light on. Rand Paul. I mean, you know, he's a genius. I think he went to the first University of Central Kentucky, but I'm not sure he's from Kentucky. Right, Anthony? But I think the man is on to something with all this stuff. So take with it what you will. Two minutes. Sam said we have two minutes. So let's do this. [00:25:04] Speaker B: This. [00:25:05] Speaker C: Let me breathe. Let me start by breathing because I feel like I am racing through this stuff today and I know I talk fast to begin with. Anyway, let's do this. If you want to reach out to us, we would be honored to be a second opinion on your finances. We do things, we help people with budgeting, we help people with debt management, we help people with wealth transfer, generational wealth transfer, legacy inheritance money and everywhere in between we have people on a true fixed income and we have people with a lot of money. So we want to meet you one person, one family, one couple at a time. Reach out to us. 623-523-0444 or you can email teamothermoneyshow.com we'd love to hear from you. We are not going to have our special guest on the radio today. I know he's listening. We want this guy to come on the radio and tell us a banking story. We're going to keep working on him until he caves. So I'm not sure if he's like shy. I'm not sure what the deal is. But he said he can't come on today. He has time constraints today. So if you're listening next week, plan on coming on with us. All we want you to do is without saying your name, without saying the bank's name, tell us the story of you and your relative trying to get money out of the bank. It was interesting to say the least. All right, one last thing. Make sure you make your way over to YouTube. We need your help. We are a small channel but we are growing like wildfire. So go to YouTube, look up another money show and like and subscribe. You know the drill and we would love to have your support. Thanks so much for being here. We will be right back. [00:26:39] Speaker A: All right, that's your money mic drop for now. This is another money show. [00:26:53] Speaker C: Hi, I'm JR Rot Ford, host of another money show airing Saturdays at noon on 9 60, the Patriot. If you've heard our show, you know it's more news based and how current events could affect your finances versus actually telling you what we do. I'm going to tell you what I've seen time and time again to be the very key to a happy retirement and that is income. You would think that those without much money in retirement are the only ones worried in retirement. What I consistently see is that those with large sums of assets are also just as worried. That worry always comes from the fear of running out. Stop worrying about your assets. Assets come and go. Income is forever. I believe self funding pensions are the key to a happy retirement and I can help you do it. Reach out to us at 662-352-30444. That number again is 623-523-0444. Or find us on the web at anothermoneyshow.com welcome back to Another Money Show. [00:28:02] Speaker A: To schedule your free no obligation consultation with JR and Anthony visit anothermoneyshow.com or call 620-352-30444. [00:28:15] Speaker C: Welcome back to Another Money Show. Thank you so much for being with us. As you know, we greatly appreciate it. We love your support and we, we quite frankly we need your support. We are little tiny fish in a big pond. We were fully independent fiduciary, fourth generation veteran owned family practice. We check all the box for a firm that's going to care about you and do the right things for you whether somebody's looking or not. We don't have the pressure and the quotas of the bank financial advisors and the big names you've heard. Normal day is to see two to three people a day. If it's a very busy day, Anthony and I can split up but we, we do not have the pressure. So come see us if you want something different without pressure. Anthony says that every week there's no costs, there's no minimums. It's, it's fairly easy. We'll take a little bit of your time but I promise you we're going to do what's in your best interest, not our own. Couple of the articles I've already touched on these so I guess I don't have to dig too far in these. I love this publication. I was not aware of it until recently, but now that I'm aware of it, I'm going to look look for it more. It's End Times headlines. End Time headlines. This is from the 3rd of March US banks are placed on high alert for cyber attacks. Should I read any of this? Says here US financial services industry is on heightened alert for potential cyber attacks amid the unfolding US war in Iran with firms stepping up monitoring for threats that often arise during periods of geopolitical conflict, said executives and analysts. The killing of Iranian Supreme Leader Ali Khamenei. Khamenei, I don't know how you say it. Last weekend has stoked concerns over the potential for Iran linked cyber attacks on US Financial services operations. Cybersecurity has long been a top priority for the financial services industry, which operates critical US infrastructure, including payments, clearing and settlement systems, as well as trading platforms and treasury markets, making it a top target for cyber attacks, according to industry data. So another article, if you want something more mainstream, you can go to msn.com and there's an article by the title US banks on high Alert for Cyber Attacks As War Escalates. It says pretty much the same thing, just cites a couple reports. Here's something from Investopedia. Jamie, what are you doing? Anthony, are you sleeping? Did I lose you? Jamie Dimon Sees Overlooked Risk to US Amid War in Iran it's unlikely that the war in Iran will cause a major inflationary hit in the US Unless the conflict results in a prolonged disruption of oil trade, said JP Morgan CEO Jamie Demon on Monday. Demon warned the US Strikes over the weekend could provoke retaliatory cyber attacks, a possibility he said his bank was prepared for. How prepared are you if your bank shuts down for any length of time? Are you really prepared? Let's see here. The inflationary risk stems from oil prices. Yes, that is a potential problem. When I always talk about people being complacent when the gas prices are down. Are you watching the gas prices right now? They are moving fast. I always question why the gas prices go up instantly when there's a disruption and they go down so slow when the disruption's over. I mean, I think it's weird. Kind of like the stock market. Money goes up a lot faster than it goes down. Wait, I said that wrong. Money goes down a lot faster than it goes up. Moving on. The Federal Reserve, which is not federal, nor do they have any reserves, but according to Newsweek, on 3 March, thousands were impacted as Federal Reserve faces transaction delays and issues. My question how many of you listening are affected by anything the Federal Reserve does on our local banking level? I know lowering and raising interest rates certainly affect us, but this is interesting. The Federal Reserve was hit with a transaction issue on Tuesday, but the problems were resolved by the afternoon. So if cyber attacks can hit the Federal Reserve, pretty sure they can hit the banks or us, our bank accounts. The issue appeared to be with the Federal ach, the Automated Clearinghouse Services suite, which provides financial institutions with efficient, low cost batched payment services that enable an electronic exchange of debit and credit transactions through the ACH network, according to the Federal Reserve Financial Services. In a noon update, Federal Reserve Financial Services wrote, the ACH Services is experiencing delays associated with internal systems processing. Internal so you had A little software update malfunction. What happened? Come on, stop peeing on my leg and telling me it's raining something. You know, AWS had problems. You know, give me a break. So I think the Federal Reserve can be hacked like anybody else. One last article on this subject from msn.com, also on the third banking payments services disrupted after Amazon UAE data centers hit in drone strikes Whoops, I already covered this. Amazon said two of its data centers in the UAE were hit by drone strikes. Digital services in the UAE reported outages following drone strikes on AWS data centers. I guess this is redundant. AWS said late Monday that two of its data centers in the UAE and a facility in Bahrain were damaged by drone strikes, taking the facilities offline. The thing about this, it is a very small world. Everything you think of Amazon, you think of warehouses and seasonal hiring, and you think about how the workers are all going to be replaced by AI. It's global. So if they get attacked in the United Arab Emirates, it could very well affect us over here. So I. I think the world has gotten much smaller as we've gotten older. Moving on. I'm trying to get to something that I can get feedback from Anthony, but these are all very. I guess I've hit them already. US Launches military operations in Ecuador. US Forces have launched military operations with Ecuador against designated terrorist organizations inside the South American country. South Southern Command said Tuesday the military released no details on the operations, but suggested in a statement that it was an extension of the strikes carried out by the Trump administration against suspected drug trafficking organizations in the region. See here. During Rubio's trip to Ecuador, the US Designated two criminal groups in Ecuador, Los Lobos and Los Choneros, as terrorist organizations. The Coast Guard had been deployed in the Eastern Pacific off of the coast of Ecuador, Colombia and other countries, helping interdict cocaine shipments in missions known as Operation Pacific Viper. The only reason this is important. How thin are we going to spread our military, is my question. After the operations to capture Maduro, Trump did not rule out using military force against targets in other countries in the name of combating drug trafficking. The expectation, however, had been that Trump would conduct strikes in Mexico and Colombia, both of which have had a more significant role in the drug trade. Well, I mean, we did that too, remember killing El Mencho like a week ago and Mexico going bat. You know what? Crazy. So, but don't worry about that. Just worry about Iran. I would worry about stacking all of these conflicts together. Let's see here. Oh, here is probably the most important article I have. So let me get to that next. This is from msn.com on the 3rd of March. Also, Russians threaten to nuke the west after Iran attacks, the only way to stop Trump. So the reason I say this is important. I don't know how many of you are like hardcore preppers and you have nascent iodine and you have, you know, HEPA air filters and a bunch of duct tape and plastic wrap you can put around your house. I don't know what level you're at when you're listening here, but I can tell you what, this article should frighten every one of us to a certain extent. Should we not leave our house? I'm not saying that, but should this scare you a little bit? Let's see here. Vladimir Putin's leading propagandists have issued a chilling warning of potential nuclear strikes against Western allies. A heated debate unfolded between TV host Vladimir Putin Solovyov and Andrei Sidorov. They have a lot of OVs in their names. Dean of the School of World Politics at Moscow State University on the show Sunday evening with Vladimir Solo. The guy's really off. Let's see here. The two clashed over the necessity of nuclear weapons against certain Sam wants to have a new segment called JR Reads names. Good luck. Chair's got a third grade education for all practical purposes. So the that's what you should do every week. Flash a name on the, on the screen Sam and I'll try to read it. The two clashed over the necessity of nuclear weapons against certain Western countries, with Solo Young yov asserting it as Russia's only option. He stated we should understand that we're only reemerging as a powerful military political nation after decades of humiliation in Yeltsin's time. See, I said Yeltsin without a prom. The television host has also previously suggested that resorting to nuclear weapons is what everything is coming to. How is this not bigger news, I must ask. Let's see here, he declared. As I've often said in the studio, people don't don't believe me. But objectively speaking, this scenario is what everything is coming to and the use of nuclear weapons, especially considering the information that came from the Foreign Intelligence Service. What other options do we have? This is a very sad but who needs the world if Russia won't be in it? What are you talking about? This guy's thinking we're going to attack Russia next. One more thing here. Russia has also expressed criticism towards Iran following Washington's launch of Operation Epic Fury with Israel. Foreign Secretary Sergey Lavrov condemned the strikes on Iran, one of Russia's closest allies, asserting that Tehran has an inalienable right to enrich uranium. So, I mean, is it our call, is it Israel call? Whose call is it to say Iran has no right to nukes? I mean, we're saying Russia does. Even North Korea. North Korea must be so jealous right now. They're like, everybody's fighting, everybody's talking about popping off nukes and we're sitting here on our hands. So that could be. I didn't even think about that until this very second. That could be the straw on the camel's back. That could be the black swan event of all history. If right now. Not right now, not as we record, because I'm busy, but maybe later on today or sometime this month, if North Korea shoots a nuclear tipped ICBM over to some air force base of ours or something. Holy crap, that could be it. What do you think, Anthony? Any feedback on World War III being more realistic than not? [00:40:50] Speaker B: I don't know. We'll see how it plays out. [00:40:53] Speaker C: You are the most mellow person I've ever met in my life. Do you worry about any of this stuff? [00:40:59] Speaker B: No. [00:41:00] Speaker C: Really? I mean, none of this can say, I know your thing. What number is World War Three? What number World War three is this now, Sam? That's a great question. I mean, I was kind of saying if we're dealing with Iran. I'm sorry, not Iran, Israel and Palestine, the Hamas situation, if we're involved with the Ukraine, Russia, how is that not World War Three? But then you add Mexico, you know, that was us. You know, we were in Mexico fighting with the drug cartels. Now you had Ecuador, you had Iran. The possibility of Cuba getting into the mix, when does it become World War Three? There's what, 193 countries on the planet? I don't know, some people say, plus the, you know, the Rome, the Vatican is a city. Washington D.C. is a city. I don't consider either one of Those a city. 193 countries. How many? Sam said, per Google, it's 195. All right, so I'm on the right track. How many countries have to actually have boots on the ground, have to be shooting rockets and missiles? 193 UN members. Thank you. Sam, do you do realize, right, that Iran sent some sort of rocket over to Turkey yesterday? That's a NATO country. Turkey borders Iran. So Iran, since we are attacking them, it's kind of like they're like, kind of like a bully if a, if A senior picks on a junior in high school. Then the junior is like, pissed, so he turns around and picks on the sophomore. And the sophomore's pissing. He turns around, picks on the freshman. That's Iran right Now. They have been, they've been shooting rockets and missiles and stuff into a bunch of different countries around them. You know, so what is it? Qatar is one. They hit a big base in Qatar. So this is, this is crazy, but Turkey is a NATO nation, even though we are the primary NATO participant. Does this mean other countries that are NATO members have to get involved now with Iran? That's what we've always been told. If you attack one NATO nation, you attack them all. So let's see how this pans out. But I don't know when we actually call it World War 3. I guess I'll keep reading the news until somebody says that. Let's see here. [00:43:12] Speaker B: I don't think we do, because technically none of these are wars. They're all conflicts or whatever they want to. Altercations ever. BS terminology they want to use. None of this is a war. [00:43:25] Speaker C: What constitute a war versus a conflict or. I love the semantics of this. It depends on what the definition of is is. I, I don't know. [00:43:36] Speaker B: I don't know. [00:43:36] Speaker C: I didn't inhale. Luckily, you were wearing a blue dress. I, I And that's still going on too, by the way. You saw Hillary Clinton. I don't know if that even made it to the news. Hillary Clinton was testifying? [00:43:49] Speaker B: Well, yeah, Then that idiot took a picture and posted to social media during it. So, yeah, that was fun. [00:43:57] Speaker C: Politicians behaving badly are nothing new. So I'll have to look into what you're saying or I'll have to ask you later. But it doesn't shock me. I saw Hillary Clinton's disgust when somebody unleashed the photo of Ghislaine Maxwell at her daughter's wedding. I know Bill Clinton. They showed him a picture of somebody or something and he seemed to be laughing and enjoying old times in his mind. So this, what a circus this is. Oh, Lauren. Lauren Boebert. I was like, so Lauren Boebert, she was okay. She was escorted out of a September 2023 performance of Beetlejuice in Denver, Colorado for disruptive BE behavior. How do I not know about this? This is great. So maybe Anthony, I'll have to read further and see if what you're saying was part of this, but apparently she was confirmed singing and dancing and vaping and other things. So that's interesting. And I kind of do remember that? Was Pam Bondi involved with that in any way or. No, she was leaving a movie theater and she was accosted and her and her bodyguards had to do some scrapping on the way out of a Florida movie theater. So that wasn't in Colorado. Should we get back to the articles? You want to keep talking about World War Three? I. I think, Sam, a preseason game is a real football game, but it's, it's just superficial dribble. It's practice. It's kind of like right now we're in spring training in Arizona. You know, you don't hear about that much yet this year, but spring training, you know, it's. It's expensive, it's crowded, it's. I mean, it seems like the baseball season, but it's really not. It's really not as important. It doesn't really count. So maybe you're right, Anthony. Maybe none of these are war yet. I would say if China and Taiwan become an issue, I would say if China and Russia get together and they try to stop us from continued activities over in Iran, then. Come on. Then it goes to an actual war. But we will see. I would say your immediate concern. If you're listening to us, fill up your tank. Keep your car tanks filled. If you have five gallon gas tanks, go fill them up. If you haven't, cycle them in a while, dump them in your neighbor's yard or whatever you do to be environmentally conscious. But make sure you're. You're ready for that. If you saved up a little food and water. I'm gonna say it again, get a little more, because this is the most uncertain things have been. You know, we've been on this show. Later this month, it'll be four years. We have never duplicated a show. Every week we've done a new show. Doesn't matter if it's Christmas week, Easter week. We've done a show from Laughlin. We've done a show. I don't know, we've been on the road, but we've never duplicated a show. We told you about egg shortages. We told you about Fed now. We told you about diesel exhaust fluid. We've talked about everything over four years. I have never been as convinced as I am right now. This is the time if something is going to give. And I mean soon. I mean months, not years. If I am wrong, I'll be so happy. If things don't give, I'll be happy. It might sound like I'm joyously awaiting bad times in this country. I really Am not. And I'm not worried about me. I'm worried about my four boys. Yes, Sam, you're back in my good graces. So I, I don't know, I. We sound alarms on this show. This show is not a 60 minute infomercial. It's a show on sounding alarms. It's on current events and how they're likely to affect your future and your finances. If you're in a 401k and you're listening to us and you bought into the Target Date Retirement 2050 Fund when you started there and you've never changed it, now's a really good time. If you're sitting on a big stock and bond portfolio and the only reason you'll never sell is because you don't want to pay taxes, maybe you should sit with Anthony and get a second opinion once in a while. He reminds people how their funds would have fared going back, back testing to 2008, you know, about 17 years ago. And it's funny because we don't have a crystal ball, but I can tell you what, history might not repeat itself, but it rhymes. As they say. If we have a 2000 and 2008 level combined correction in the market, what is your tax bracket then? See where I'm going with this? If you pay taxes, let's say you're in the 22% tax bracket or let's say you're in the 35% tax bracket and you sell some of your positions because it happens to be appropriate for you. You, it's a known, you know what you're going to, but you're, you're locking in huge valuations versus just six years ago this month versus 17 years ago. So you're going to pay 22 or 35 or whatever percent on huge amounts of money. Let's say the market gets cut in half and you don't pay taxes, what was your tax by sitting about 50%. So there's knowns and there's unknowns and right now we are in such uncharted territory. I would make sure you look into some of the knowns. The gnomes. The gnomes or the gnomes or whatever. I really want to get Anthony involved. I'm going to reference a few more articles that kind of solidify my point about watching your back right now. And then I want to talk about Kyle Busch. I got to get Anthony's input on that. We need to put that one to bed. So if you want to know more about, let's go into it out of court. [00:49:23] Speaker B: They haven't announced anything. [00:49:25] Speaker C: Well, do you want to hear something weird? You sent me a couple articles. One was from motorsport.com on the 22nd of January, and it says, Pacific Life Insurance seeks Kyle Busch 8.5 million lawsuit dismissal. I'll read just one line. Specifically, Bush said he was told that if he paid $1 million for each year over year for five years, he would be able to take out $800,000 a year once he turned 52 years old. Bush said he discovered most of his money was gone by the time he received a sixth premium. Notice how. I still don't understand what happened where his money was gone. See here, Pacific Life says all five policies came with a cover letter in bold capitalized letters that said, read your policy carefully and offer to. No. [00:50:22] Speaker B: No one does that. [00:50:24] Speaker C: Nobody does that. No. So shame on you, Pacific Rife. You should have. [00:50:27] Speaker B: Yeah. How. How can you lose all of your money in a. In a life policy while the market's going up? That doesn't make any sense. But that's why I was excited about the case, because there had to been some malicious there, or maybe it's just not as being presented. But, yeah, it sounds like they settled at a mark, or that's what they're saying right now is they're settling out of court. So will we ever know exactly what happened? Probably not, but that's upsetting. [00:50:54] Speaker C: All right, so you still don't know. We still don't have a ruling on what they're selling for anything. I wonder if we can find it. All right, so we'll pretty much put this to bed unless I can find the numbers on what's going on. But it is interesting. The one thing I would point out to you, and I say this all the time, the rich are getting richer, the poor hover, and the middle class are shrinking on steroids. Boy, is this ever an example. You know, NASCAR is coming to Phoenix this weekend, so if you. If you want to make sure Kyle Busch. I don't even know if he's still racing or whatever. If you want to make sure these guys all get to buy these big policies, support that, you know, buy your $14 beers and go watch cars drive around a circle. I shouldn't make fun of it, especially with Anthony here, who's actually a amateur race car driver. So Anthony, his hobby is cars and all that stuff. I'm sorry, Sam. Sam corrected me. What did I say? A circle? Sam said it's an oval. I don't know. Anyway, so I would say that this country is very skewed. The rich are getting richer, the middle class is in trouble, and now gas prices are going through the roof. That's going to compound that whole situation. So we will see. Gee Sam, is it really almost time to turn this over to Anthony? I had articles about federal charges after a shootout with DE agents in Phoenix. I had so much more to get to, but I don't know. The main thing is please keep us in mind if something does disturb you. Reach out to us if you have any information we need to cover next week or in the future weeks, reach out to us. And as always, I say thank you for being with us. Anthony, Take me out of here. [00:52:28] Speaker B: That's it for today's show. If you like what you heard, you have any questions about any of the topics today or you want to sit down with us to review your personal financial situation, you can reach us at team another money show.com find us on the web anothermoneyshow.com schedule appointments straight from the website. We do have other times available. You may not see those on the website, so if you're seeing, you know, if stuff doesn't work for you on the the link, just give us a call. 623-523-0444. That number again is 623-523-0444. Remember, there's no minimums. There's no cost for appointments. Even though we say this all the time, people always ask us at the very end, how much do I owe you? Nothing. You don't owe us anything for the appointments. So come in, sit with us. We'll see you again next Saturday at 5am and noon right here on 96 to the Patriot. [00:53:20] 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 offer through Brookstone Capital Management LLC. BCM. A registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results. With news headlines about recessions flipping from imminent to unlikely almost weekly, a lot of individuals are left wondering, how do I prepare my money for whatever 2026 throws at us? I'm Jim Tarabok here for the Retirement Radio Network powered by AmeriLife. Recession Talk is back for 2026 not screaming from every headline, but lingering in the background with odds that aren't zero. And honestly, that's okay. The good news? You don't need a crystal ball. You just need to be prepared. HerMoney.com CEO Gene Chatsky outlines the signs to watch for when a recession is looming. [00:54:31] Speaker C: Keep an eye on unemployment. We'll look at consumer spending. Consumers often lose confidence. [00:54:37] Speaker A: The tricky part about a recession is [00:54:39] Speaker C: that we could be in one already and not know it. [00:54:43] Speaker A: Financial experts say the first step to being prepared is surprisingly simple. Get clear on what you actually need, not what fear is telling you. Start by building or topping off an emergency fund that covers three to six months of living expenses. Perhaps consider a high yield savings or money market account so your safety net is actually growing. Next, pick a budgeting system you'll stick with, whether that's the old school envelope method, a spreadsheet or even an app. And finally, how to configure your financial portfolio and investment strategy in uncertain times. CNN senior business writer Gene Shahadi explains a key component you want to be [00:55:19] Speaker C: really diversified in your portfolio, meaning between stocks and bonds, between sectors of the economy. You can't predict what's going to do well and what's not going to do well. A diversified portfolio where you have some stocks, some bonds, they will perform differently. [00:55:31] Speaker A: Whether it's covering the basics, making easy cuts, redirecting that money to high interest debt. The people who come through economic uncertainty best aren't the ones who panic, they're the ones who plan calmly, live a little bit below their means and keep investing anyway. A well built budget doesn't just protect you from a recession, it gives you freedom no matter what the economy might do. Small steps now, big peace of mind later for the Retirement Radio Network Powered by Amerilife. I'm Jim Tarabaghia. Registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to make full disclosures of any conflicts of interest, if any exist. Refer to our firm brochure the ADV2A page 4 for additional information. Any comments regarding safe and secure products and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered by BWA.