[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy.
[00:00:18] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correo and JR Rochford.
[00:00:42] Speaker C: Here we are, your hosts, Anthony Carrel and JR Rochford taking a break from our day to day as financial advisors with Rochford and Associates, fully independent fourth generation family office right here in Sun City, Arizona to bring you information you may not find on those other financial shows. We are where the last thing you need is another money show. But we appreciate you being here at least I do. I don't know about Junior. I don't know if he appreciates anything.
[00:01:09] Speaker D: That sounds kind of scripted that seems like you just phoned that in today. Anthony, I need you to go back to your, your roots of caring about who we are. We are a fourth generation family practice. We, we have the conversation, we just had it yesterday with a man from New Mexico. We are a small family practice. We are a totally different animal in a world of Edward Jones and Charles Schwab and the big brokers. We, you know one of the things that I like to think we, when we have a client, we never lose them. I mean, you know, we, we do what we say we're gonna do. We over promise and over deliver. So I don't know. I mean it's, it's, we're veteran owned, I'm a Desert Storm veteran, some so. But we are a small family practice which is an unusual thing nowadays. And I have worked for bigger firms over the years and I can tell you what being fully independent and remaining small is. That's, this is our sweet spot. So if you're interested in somebody that cares about you and not just the pressures and quotas of the financial services industry, come see us. I think you will like us. Anyway, quick shout out this week. Got a couple of them. Lisa. Thank you so much Lisa from Salem Media Group for the visit yesterday and the goodies. So it's always nice to see you. We have good support Amerilife, Salem Ford Strategies. I mean this is, this has been awesome here. So. And we are Going to get to meet the one and only Sam Davis this week. So by the time you hear this show, and we are recording on the 8th, we're recording a day early today, so our current events are out the window. But we are going to meet Sam Davis. So we're kind of excited about that. And next week we have our monthly West Valley men's networking. I bring this up because if you're a listener to us and you're anywhere in the West Valley, we meet on 67th Avenue just north of Bell Road, at a place called Throne Brewery. So if you want to meet new people, if you want to meet us, if you want to hang out, come meet us at Throne 4:00 next Tuesday. Let's get into it. Anthony. So 2025, you know, the light switch on January 1st, everything's good. Well, I mean, except for the bombing, you know, at the Trump Hotel in Las Vegas and the, you know, the, the truck run amok in New Orleans. And I shouldn't chuck when I say that because good night. I mean this, this world's scary. This, you know, I thought if things smooth out this year, we're going to take this show in a different direction and start going more financial, more like you're used to with other shows. We are very capable of bringing you an hour long infomercial every week. So when we ask for show ideas and feedback, if that's what you want, if you want more on income, you can never outlive generational wealth transfer, Roth conversions, you name it. Sam sent us a outlined this week that talked about 32% of the American people have a will. So we have work to do. We have to help you. We have to educate you on a will or a trust and what they are. We have a partner that can do them for you. And this attorney is actually honest. So if you're a listener and you're an attorney, no offense, but you know, it's far and few that they're actually really fully on your side. But we have one. We'll introduce you to what a personal liability umbrella policy is. We'll give you the pros and cons, we'll give you the questions to ask your property and casualty insurance person. We want to help you. So anyway, 2025, egg shortages, you know, Macy's big topic around the office is egg shortages and the price going up and apparently the old bird flu, you know, now we have a state of emergency in California. So that's not over. I got an article for you that's going to have the bird flu on steroids. It's the bird flu plus. So we'll get to that in a minute.
You know, I heard a new term this week. I very rarely hear a new term, societal decline.
I mean, Anthony, you think I'm negative. You think, you know, I gravitate on the negative side of things. Well, I do because that's what sells. That's what, you know, we, we took this show on to sound alarms. So our mission is to make sure you're prepared, not scared. We want you proactive, not reactive. If you're not following along with the world, how do you know that you should be scared? Right now we are here to get you scared just enough to help you become prepared. So 2025 societal decline. The. The person who maybe coined this name is Doug Casey. And, and I. Some of the examples I heard around the societal decay there. There's something called the Lake and Riley Act. Anthony, have you heard of this? Apparently there was a vote yesterday and our representatives, a whole bunch of them, said no to it. And what it is, Lake and Riley was the woman that was murdered by a newcomer to the country. So the, the bill basically says like, if you kill a young woman or whatnot, we will detain and then deport you. And it passed with like 159 for it. There were. I think the number was 49. I won't mention the fact that they were on the democratic side of the aisle because that's immaterial. Like 49 people voted against this. Who on earth is representing the American people that says, nah, I think if you set somebody on fire in the subway, you're fine. You're a productive member of society. You want.
[00:06:50] Speaker C: They're not going to prison and being charged. They're being detained and deported. So is that almost like a get.
[00:06:55] Speaker D: Away with murder that? Well, kind of.
[00:06:58] Speaker C: And my thing is then wouldn't you want to vote against that?
[00:07:01] Speaker D: Well, you know what? The bill's not perfect. So if I could give them the death penalty, I would like apples to apples. I would like an eye for an eye. I would like. If you set somebody on fire on the subway and they pass away, let's set your ass. You're. You're on fire and have. That's your form. So I'm more extreme than what I see around me. What is your answer, Anthony? We put him in jail for life and then we feed them. You're going to get three hearts and a cot for the next 30, 40 years if you're in your 20s. I say detain and deport is a good start. I mean, I don't know and I don't. When you're doing the catch and release, when you're not detaining people, they're not going to jail anyway, you know, something.
[00:07:42] Speaker C: Like, well, obviously you would detain. I mean, I think that's kind of a given. You're going to go after people that.
[00:07:47] Speaker D: Murder people and then what would you, would you detain forever or would you detain and deport back to their home of origin? And I, I don't know. I mean, I, I, I just, I.
[00:07:57] Speaker C: What happens once they get deported though? That's the thing. So he comes over, say you go to Ireland and you murder someone. They're just going to be like, send them back to the US So is that right? You see what I'm saying?
[00:08:11] Speaker D: Well, I, I don't see what you're saying because I'll bet it's harder to get into Ireland than it has been to get in the United States in the last four years. If you deport somebody and they come back like, then there's a problem with your system. But apparently in the next couple weeks we are going to start a big deportation program and we're going to beef up our borders. We started putting a border wall up. I don't know before four years ago, we started working on the immigration system and then political landscape changed and we put that on hold and now we're selling off pieces to the wall. So we are going to bring that back. We're going to own most of the world. You know, in the next months, year, we're going to own Canada, the uk, Greenland, the Panama Canal. We're going to rename the Gulf of Mexico to the Gulf of America. All of this stuff I'm hearing about the deal making that's being looked at is huge. And I've had people, they're like, well, you've got 36 trillion in debt. What are you looking at buying Greenland for? Well, first of all, you know, with the mineral rich, you know, with the military benefits of being able to, you know, butt heads with Russia in Greenland, I, I don't know, it might be a necessity. A and B, we're, you know, you've always heard the thing, one world, new world order, it's going to be Russia and China and the bricks versus the United States. So we better get some more buddies and, and make Canada our 51st state because we're going to need them, we're going to need the troops out of Canada. I Do have a question about Canada. If we decide to take down the northern border and it's one big America, my question is, are we going to adopt socialized medicine in this country or are they going to adopt our Affordable Care act where they can, if they like their doctor, they can keep their doctor and their costs won't rise. So I'm wondering what health care is going to do if we open up. So, but apparently, you know, Trump is not a politician. I mean, he's been thrown into the political ring, but he is a businessman. So I am giddy like a small child to see what happens over the next weeks, months and years. I am concerned. We have less than two weeks now before the inauguration. You know, today's the 8th. On the 20th that man is supposed to be inaugurated.
I'm just throwing it out there. Could there be any kind of domestic attacks? I won't say the T word. Could there be a ruckus on the 20th? I have a ruckus. Can you describe the ruckus? I have a feeling there could be a large gathering of people for a particular reason in that area. You did see for the, the certification on Monday. You saw they put up all kinds of fencing around the White House. Again, I love this. You don't have a border to your country yet. You put fencing up around to protect.
[00:10:55] Speaker C: Yeah. Walls don't work. JR don't work.
[00:10:58] Speaker D: They, they certainly seem to work four years before this past four years. They certainly seem to be slowing down the tide of newcomers. So we will see what happens. You know, 2025, we're only a week into it and this thing was societal decline. You're not kidding. And some of our attention span is shocking. When's the last time you heard about drones? I brought that up last week. We had the most important hacking go on in the history of this country. I know we're relatively new on the technology front. The Treasury Department was hacked are the big talk about that.
[00:11:32] Speaker C: Last week, didn't we?
[00:11:33] Speaker D: Yeah. And what have I heard since? Nothing. I can't find out any results. I can't find out. You know what, what did we do to fix it? We talk on this show that we think you should be proactive, not reactive. Our government is 100% reactive, not proactive. We didn't have to take our shoes off and throw away our q tips until 9 11. You know, I mean before 9 11. If you look at the airports in Israel, the, the idf, they were armed. In the airports around the world, people tend to try to be proactive. Not reactive, not our country. You know, when are we going to fix Medicare, Medicaid, Social Security? As soon as it dumps. Which, you know, we, we have less than 10 years.
[00:12:12] Speaker C: We talk about that too today, huh?
[00:12:14] Speaker D: We are. We are. I only have a few articles because, I mean, I want a two hour show minimum. I like a four hour show, but I need at least two hours, one hour.
[00:12:22] Speaker C: We could have a 20 minute show if you would just get to the point. Point.
[00:12:26] Speaker D: You know, we couldn't have a show. If you and I ever got along, we wouldn't even have a show. We'd go our separate ways if, if I wasn't your beloved stepfather, I'd never put up with you back to 2025, so. And by the way, I'm looking at getting life insurance just to make sure I leave more money for you. So you. I was just kidding.
[00:12:46] Speaker C: So I know we talked about on the show. So it's like, well, maybe somebody's going to get that call back. And that would make me happy.
[00:12:52] Speaker D: By the way, I will get life insurance on me as long as you pay the premiums. So I think that generational wealth transfer thing, we need to talk about that.
[00:12:57] Speaker C: You and Jeff talked about that. You're so sickly though.
[00:13:00] Speaker D: It cost me a tickly. I haven't said in a long time that I'm gonna stroke out on the air. I'm actually in better health than I was a year ago, so we'll. We'll see. And by the way, I have a mission. Like I'm gonna live longer than you. Just thorn in your side. Well, yeah, and I've seen you where you drive, so. Yeah. So the drones are gone, the treasury hack is gone. You know what replaced some of these things?
[00:13:24] Speaker C: The fire in Los Angeles.
[00:13:26] Speaker D: Well, oh my gosh. Oh yeah, that's not even. Boy, last night I started getting text alerts that Pacific Palisades. I started getting videos and now it's all over. I'm sure by the time you hear this on Friday night, Saturday at 9:60, the Patriot at noon or Sunday at 1, I'm sure we'll know a lot more. Oh my gosh. I mean the destruction, the cars being left on the road. They're telling people leave your keys if your EV dies or if you can't get around other people in your gas operated vehicle because bulldozers are having to clear the roadways of these cars. That's scary. 50 to 99 mile an hour winds are going on right now. It's windy here in Sun City Today, this thing in California, this is scary. And you know, I'm a conspiracy theorist. I have a tinfoil hat and I am not kidding about that. So my first question, the first alert I got last night, my very first question, are the houses with blue roofs going to be okay? I saw one of the videos was James Woods. I'm like, oh, dude, you're in trouble. Your roof is so not blue. So, James woods, you can come stay with us. We're going to have you on the show when you're here. We're going to make you work for a living here. Yeah. So right away I thought, is this another one of these, you know, high energy weapons? I don't know. But man, what a mess. I'm sorry for you people in California right now, Southern California, Malibu. In my whole thing, 2025 is supposed to be quieter. It's not so far a week into it. So the only downside to these fire. Well, there's a lot of downsides.
One downside for us personally, we have so many people from Oregon, Washington, California, moving to Arizona. It's getting crowded here, so. Oh, and people from Venezuela and Guatemala and Haiti and stuff too. But they're coming from a different part of the country anyway, so don't come here. I mean, like bypass us and settle in New Mexico.
What I was going to say. Oh, one of the new things to replace drones.
Fog. Fog. Have you heard anything about fog, Anthony? Do you remember the movie the Fog? Scary when you're younger scary.
[00:15:37] Speaker C: No, we're meeting in the mist. So different, different movies.
[00:15:41] Speaker D: I don't know. But I know that there's been reports in a bunch of the country of fog. And I'm sure it's just because I wanted to see this, but yesterday morning I woke up and I looked out the back window. I mean, I was getting ready to let the dogs out and it seemed like I saw fog and it wasn't raining, it wasn't about to rain, it wasn't super cold at night. And then all of a sudden it warmed up quickly. So I don't know, maybe it was just because I wanted to see it, but it looks like I saw fog, so. And let's talk for a second about our borders. I want to get, I want to get into a couple of my articles right away. I'm going to sprinkle them in today. So my first article for you is from 6 January 2025. Zero Hedge Mayorkas says US facing complex threat landscape following New Orleans attack.
Okay, so it's timely. The United States is facing a heightened threat environment following the deadly New Orleans attack on New Year's Day. Homeland Security Secretary Alejandro Mayorkas said on January 5.
Let's see here. Mayorkas said that the New Orleans attack was unrelated to border issues, citing the suspect's U.S. citizenship.
Let's see here. His name was Jabbar. Guy's name was Jabbar. So good Texan name. With respect to the border, our highest. This is my orcus talking. With respect to the border, our highest responsibility and the one that we work to fulfill each and every day throughout the Department of Homeland Security, throughout the federal government is the safety and security of the American people. That's all I'm going to read from this article. Although I'd love for people the whole.
[00:17:33] Speaker C: Article about the border when the terrorist wasn't from across the border.
[00:17:39] Speaker D: Well, let, I'm glad you asked that. Mayork is coming out saying he's worried about the borders. Let me, Anthony. I mean you're pretty smart. I mean on paper anyway. So I have a question for you. The last four years, what was Mayorkas job?
[00:17:55] Speaker C: I have no idea.
[00:17:57] Speaker D: Okay, so do you watch the Masked Singer or Dancing with the Stars?
[00:18:00] Speaker C: I'm a big fan of the Masked Singer. I don't care that any of those, I don't think any of them actually have jobs. I think it's just, that's fair. I think it's just titles. I is a Homeland Security correct.
[00:18:12] Speaker D: Like he, he is the CEO of the southern border. You know, we had a lot of Chinese people coming through the northern border, but I don't need to talk about that.
So this guy was in charge of the border and now he's worried about the border. And you're like, well what does this attack have to do with that? If this was an American citizen and I can see why you would say that. My, my problem is we said to you just last week that a former CIA head said that we have over the verified, we have over 1,000 Al Qaeda type terrorists ready to go in this country. Trained and ready to go. So people that are in the country that have been radicalized, they, you know, he had the ISIS flag on the truck. So people like that might actually join hands with people that came in the border over the last four years. They have invisible bombs. I don't, I don't know the name of this. It's like a vest that you can put on and you can go into like a sports stadium. It's undetectable by the magnometers. We recall them the metal detectors. So apparently it's not metal. So we have technology. Oh, we have. Do you remember the ammonium nitrate river was called that was missing. Remember that? Like a year and a half ago we brought that to you too. There's a train load of missing, whatever it is. What if that turns up in New York? What if it turns up in D.C. on the 20th of January? I'm just saying, you can't say, well this guy, you know, he was Fort Bragg, you know, army veteran, US guy from, from Texas. He might have a lot of brethren that want to get together and create a ruckus that could be another ruckus. So I don't know. I think the open borders, basically we have no idea what happened. But I know Mayorkas was in charge and now perhaps we could have a problem. I was looking through the article for this guy's name. I wanted to read his whole name to you. It's actually kind of funny because it doesn't sound all that us sounding to me.
I can't take any more time to look for it. But anyway, so I, I think that basically we're by no way, shape or form done with the ramifications of leaving a border open on a country for four years. And I think this year is going to be the year of chaos, even more than 24 was. So the good news is we'll probably be on the radio for another year and see how it goes then. Good news, Anthony. January 1st of 2026, I will be able to chill.
[00:20:38] Speaker C: Starting the clock over again.
[00:20:40] Speaker D: Yes.
[00:20:40] Speaker C: It's like a kid playing a board game. It's like I haven't gotten my results so I'm gonna change the rules.
[00:20:45] Speaker D: Yes. Or politicians voting for things or. Yes. Where the Supreme Court. If I don't have enough people to vote for what I want, I will put more people on it until I do. Good for you. So anyway, so my orcas, that article zero hedge on the sixth complex threat, it's like you, 100% responsible and yet you're going to say that drivel about the most important thing you have is to keep us safe. Why don't you go down and just squat in the border and see how you do.
That was interesting. Let me get to something else. Let me switch gears a little bit because some of this might have come through the borders too.
[00:21:19] Speaker C: Just a reminder for everybody, we are a financial radio show, but we are not a normal one. We're not another money show like everybody else.
[00:21:30] Speaker D: Another money show is tongue in cheek. We are probably 180° opposite from another money show. But are you having fun? I mean, if you're listening to us and we're talking about death and destruction and don't we still make it kind of light and airy? Don't you still have a good time? Listen to us. So fires, floods, people on subways, poor women jogging. I, you know, and if we don't kind of make this entertaining and whatever, you know, people need to be really, really sad. This, A lot of people in this country that are awake and aware, especially if you have kids or nim or grandkids, you should be angry. You should be half angry and half sad. You, you really. We need to wake up as a country because it doesn't end well if we don't. And you know what? Here, let me be financial for a minute. We have 36 trillion debt. I went on the old US debt clock.org this morning, as I do every single day of my Life. We're at 36.3 trillion kids. So sooner or later we are going to have some changes with our financial matters and I think our borders. You know, let me back to the fire for one second. There was something else I was thinking about last night as I'm watching video after video of this footage. So we are already grumbling as a people, as a nation about our insurance rates. Our car rates have gone up. Is that because of the prom in North Carolina? Is that because of other fires? It doesn't matter. Let's just use State Farm. Just because it's the first one that pops in my head. If you have State Farm insurance and you're in Arizona, we have nothing. We are painfully boring in this state. We have the monsoons. You know, everybody that's here is from somewhere else. You learned how to drive in the snow and rain, but you get here and if somebody sneezes, you slide off the road into a tree. Anyway, so your insurance rates have gone up in Arizona. State Farm, just for example, if they have a huge claim issue because of the fires in Southern California, it's going to affect us in Arizona. They're a company that's nationwide. If they raise rates one place, they raise them everywhere to cushion their loss or more importantly, their profit. Oh, by the way, State Farm, I've seen all your commercials lately. You got Mahomes or whatever. You got all these people in your commercials. How much does that cost? Maybe we know who you are. We know you're red. We know you know you have the naming rights to the Cardinals stadium. How much does that cost. How long was that deal? Was it 5 years, 10 years? 30 years? How much is it a year? I need to do a little bit of digging into what these insurance companies spend of our money. But we know who you are. We know we can go find you if we need you. Stop the TV commercials. Tired of your flow? Tired of lizard? Tired of Mahomes. For many reasons, I still like Kelsey. One of them I like one of them. I like the one that stopped playing football. Now he's a horrible, horrible football announcer. Not the one that's dating that skinny. Anyway, back to what's concerning me in the world.
So I like that Sam. Sam said football is what happens between the insurance commercials.
You know, their TV is 100% about getting your wallet open or your purse open. The. Yeah. And by the way, YouTube. Good job. I mean, I have to see an ad every six seconds. So good job. Everything's about money. How do I part you with your money?
Back to what scares me. So here's an article for you from msn.com on the 4th of January of 2025. Is America facing a quad demic? So I have a new term for you. You know, I want to talk about Marburg virus. I want to talk about the bird flu, the H1N563. 4. My cousin's neighbor spread the new one, the quadmic. I just heard this term this week for the first time. It's flu, Covid, RSV and norovirus.
And I'm like, oh, this is awesome. A, it's just in time for the new administration to come in. And B, it's. There's already vaccine being worked on for all this stuff. So Bill Gates, good work. You're getting ahead of this to make sure we're safe.
[00:25:34] Speaker C: I mean, just really hate that they just throw around the. The demic part of that. Like, these aren't pandemics. Like, a few people die from the flu. Like Covid people died, but it was like, you know, our client was a hundred when she passed away of COVID Like, these aren't.
I'm expecting a lot more death and destruction. If we're just going to throw around words like pandemic, it almost sounds weird.
[00:26:01] Speaker D: You're looking forward to a little more death. And by the way, this is not a pandemic. Pandemic means it's going to be like intercontinental International.
This is a quad. This is way worse. Four times. The death and destruction is coming your way, so you may get your wish. So I live near a cemetery. I suggest you do the same, you can move in with us, I guess we'll talk about rent and then you can just be pushed over the wall in case you die. But yeah, quadmic, that's coming. Let me just read a hair of this. As the Arctic cold is forecast to sweep across nearly the entire United States, various infection diseases including influenza, COVID 19, respiratory, syncidial, sensitial. I don't even know what RSP stood for. Virus and norovirus are already rampant. You know what I'm gonna do? I wanna read a couple more things. But it's break time, so when we come back from the break, I'm gonna read you a couple numbers off of this sheet because Anthony, you're like, oh, it's no big deal. I'm gonna read a couple numbers for you before we all die. But with that said, we gotta take a break. So thank you so much for being here. Please set up a time to sit down with us. Whether it's your New Year's resolution or you just wanna see what we do outside of this stuff, come sit with us. 623-523-0444 or reach out via email@team another money show.com. thank you so much for being here. Please follow us on our YouTube channel. Please make sure you tell people about us. We're a little fish in a big pond and we need your help. We'll be right back.
[00:27:32] Speaker B: This is another money show, except this one's different. This one's actually fun.
[00:27:45] Speaker A: Fixed annuities, including multi year guaranteed rate annuities are not designed for short term investments and may be subject to restrictions, fees and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims paying ability of the issuer.
[00:27:59] Speaker B: Another weekend, another money show.
[00:28:02] Speaker D: Visit anothermoneyshow.com welcome back to Another Money Show. Thank you so much for being with us. We're here every noon on 960 the Patriot and the show re airs if it was too much to handle in one hour. We re air Sundays at 1:00 so. And you can always hear every episode we've done on Podbean or what, what are they? I don't know these things. Google or Amazon or anywhere you find your podcasts. You can listen to every one of our episodes. Almost three years worth now. So welcome to it and have fun and yeah, isn't that crazy? I never dreamed we would be on three years later.
So back to my article of the quad demic where you don't think we have enough Death and destruction. Maybe that'll change this year. I don't know. So as the Arctic cold is forecast to sweep across nearly the entire United States, various infection diseases, including influenza, COVID 19, RSV and norovirus are already rampant. Here's a couple numbers for you. Data from the Centers for Disease disease control. Not D's. D's. Oh, by young. We'll have a different word after D's. So the Disease Control and Prevention, the old CDC, CDCs, reveals that nearly 5.3 million million flu cases have been reported nationwide this winter. Still kind of early in the cold and flu season. That 5 million, that's a big number. How many people like me, I mean, I rarely ever go to the doctor. How many people like me would just stay at home for 10 days? So that's reported with 63,000 hospitalizations. That's a big number. The flu death toll has reached 2,700, including 11 children. So that, I mean, you know, what is the old thing? If, if one child is dead, that's too many. Or is, is that something I just made up? Anyway, the flu outbreak has been. I don't know where I'm going with this.
[00:30:05] Speaker C: Yeah, that one.
[00:30:07] Speaker D: The flu outbreak has been particularly severe in the country's southern, southwestern and western regions. So southwestern, that's us. I know that Sun City is having a big, huge influx of flu cases and people going to the hospital. But with that said, let's get to happier news. I guess the people in Pacific Palisades, the people in California, they have bigger fish to fry right now. They don't have to worry about the influenza. They got to get the heck out of Dodge. So let's get on to something else here. North Korea. I'll just get to this quickly, but it's relevant. We've been saying for three years we've brought to you when North Korea tests things that it's just saber rattling. It doesn't seem that important, but it, you know, now North Korea has kind of band together with Russia. They have an estimated 10,000 troops in Ukraine, from what I hear. So here's another one. I got this from my American Legion publication this week. I got it on Monday. South Korea's military says North Korea fired a missile into the Eastern Sea from Seoul, South Korea. North Korea on Monday fired a ballistic missile that flew 685 miles before landing in waters between the Korean Peninsula and Japan. South Korea's military said, extending its heightened weapons testing activities into 2025 weeks before Donald Trump returns as the US President. You know a lot of Trump stuff, a lot of, you know, related to the new administration stuff. Why are they testing it right now? Didn't Trump walk into North Korea, shake hands with this young man? I know they met three times total, but I think one time was actually in North Korea. So that's pretty gutsy.
[00:31:55] Speaker C: So I still a big fan that he did that.
[00:31:59] Speaker D: You are or are not?
[00:32:01] Speaker C: I am because it's one of those, like, we know he's doing terrible things. So it's not like anybody from the left has gone over and said, well, we're going to go free all these people and bomb the crap out of that country.
But at least like if you're not gonna do anything to help them. Trump went over and tried to make things better, I guess, and he did a friend ish, like, I don't know that whole situation, you know, I mean, no, you're right. Doing terrible things. So it's like if you're not going to go in and try to help, like do something, you know, so no, again, that's kind of funny too. It's like, oh, we need to help these people by bombing the crap out of them. So maybe that's not the right answer.
[00:32:45] Speaker D: We need to keep Syria free by bombing every man, woman and child in Syria.
[00:32:49] Speaker C: Yeah.
[00:32:50] Speaker D: So let's see here. The launch came as US Secretary of State Anthony Blinken. Anthony Blinken was visiting Seoul for talks with South Korean allies over the North Korean nuclear threat and other issues. Blinken's visit comes amid political turmoil in South Korea following President Yoon Suk Yeol's I probably said that very wrong. Short lived martial law decree and subsequent impeachment by Parliament last month, which experts say puts the country at a disadvantage in getting ready for a steady footing with Trump ahead of his return to the White House. Trump gets brought up in a lot of what I'm reading lately. With his presidential powers suspended, Yoon's fate lies with the Constitutional Court, which has begun deliberations on whether to dismiss or reinstate him. So at a time when North Korea is flexing their muscle again, I'm hoping that South Korea is ready to act accordingly if need be. But we will see.
Let's move to. Let's get back home for a minute. Let's talk about our country. So here's a little article I pulled off of Advisor perspectives on the 3rd of January. Reserves at Fed sink below 3 trillion to the lowest since 2020. And I thought, well, this won't mean anything to anybody. Who cares if you read this article?
Well, yeah, kind of. That scares the crap. I am going to get life insurance. The US banking system reserves, a key factor in the Federal Reserve's decision to to keep shrinking its balance sheet tumbled below 3 trillion to its lowest since October 2020. Bank reserves fell by about 326 billion in the week through January 1 to 289 trillion, according to Fed data released on Thursday. That's the largest weekly slide in over two and a half years. The decline comes as year end dynamics force banks to pare balance sheet intensive activities like repurchase agreement transactions in order to shore up their books for regulatory purposes. That means cash is directed to places like the central bank's overnight reverse repo facility, draining liquidity from other liabilities. On the Fed's Ledger. Balance at RRP swelled by 375 billion and between December 20 and December 31 before falling by 234 billion on Thursday. So you may be asking yourself, when did junior learn to read Greek and why is he reciting these things in Greek to us?
Everything's tied together. So if the government in any way, shape or form, in any office, in any capacity is saying that they are scary low on any kind of reserves, it's all tied together. The reason that I'm always shouting about how everything's broken because when one domino falls, others will fall too. The banks are not out of the woods. We've laid off the banks for a while because there were more pressing things to cover. We'll dig right back in as soon as they start failing again. But that's what this, that's why this scares me. This makes me think that the, the banks are going to have trouble.
Make sense, Anthony? They're saying basically they have to have 3,3 trillion on hand for things to be stable. And now they're at like, you know, 289 billion or whatever it is.
[00:36:25] Speaker C: Quantitative easing, it's fine, we'll print more money. It's worked so far.
[00:36:29] Speaker D: Quantitative easing, I love that. Fiscal cliffs. I love some of the terminology that has come up over the years that it makes these people sound so smart. You know, luckily we've got adults at the helm. They're always so smart. So let's. Tom, let's go to another one that's kind of interrelated. This is from CNBC.com on the 6th of January, Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump. Very first question, since when do government officials step down for anybody when they're grilled on Capitol Hill. They, they read the Fifth, they plead the Fifth all the time. They don't step down proactively, but all of a sudden, droves of people. Janet. Janet Yellen. Janet.
[00:37:18] Speaker C: Janet Yellen didn't sit down.
[00:37:20] Speaker D: Sure she did. She resigned weeks ago.
[00:37:22] Speaker C: No, that was a. I saw other articles on that and that wasn't real.
[00:37:28] Speaker D: My understanding it is we have a new person coming in next month. You need to look into that. I forget the guy's name. The hedge fund manager that's coming in. Janet Yellen is toast. She's out of here. She's done. My favorite cartoon will be no More.
[00:37:39] Speaker C: I thought she had quit. Right. We talked about on the show and then we talked more articles on her and it was as if she was still there. So that's why I was confused.
[00:37:48] Speaker D: She is still there. She quit as soon as they do the change of power. Same thing with this guy. This guy will be there until February. No, but she quit. She. She is not going to remain under Trump. You know what I think?
[00:37:59] Speaker C: Eon has not resigned as Treasury Secretary in 2024.
[00:38:03] Speaker D: Well, she did. She just said she's. When Trump gets here, she's going to go out. I mean, she definitely not going to be here. We will see. But a month from now, it will not be Janet Yellen. It'll be a head fund manager. Manager. And I can't remember his name. So let me read a little bit from the CNBC article. It has been an honor and a privilege to serve as the Federal Reserve Board's Vice Chair for supervision. The hell does that mean? And work with colleagues to help maintain. Oh, here's what it means. To help maintain the stability and strength of the US Financial system so that it can meet the needs of American families and businesses. Which means this is directly tied into. We don't want banks to fail because the FDIC has no money. Our reserves are at 1.2% coverage on our covered accounts. So basically, Yellen is stepping down. I guarantee it. But because the house of cards is most likely going to fall under Trump, this guy is going to bow out. Because most likely the house of cards is going to fall under Trump. In a release announcing the decision, the Fed noted that it will not make any major decisions on rules and regulations until a successor is named. The bank has been revising a set of new rules dubbed the Basel end game.
Kevin, if you're listening, we need you to research Basil B A S E L endgame that has been broadly unpopular in the industry. That means we need to dig into it. Because if it's unpopular, that means it's good for us and they don't like that. One last thing here on this article. The position was created following the 2008. So this dude was new. The position was created. Dude, I just called some higher up with a suit on a dude. This dude. So the position, bruh. Hey, what's up, man? We should invite him to the West Valley men's networking and see if he'll hang with us.
So this position was created following the 2008 financial crisis that saw the implosion of multiple big names on Wall Street. I remember that well, under Bar's watch, the industry saw a Crisis in early 2023 in which Silicon Valley bank and a few other names collapsed, forcing the Fed to implement liquidity facility to keep the issues from spreading. So, you know, when I said earlier that we are a nation that is reactive, not proactive, how's that for you? We had to wait till banks start failing before we set up this overnight window for these banks. You know, the safety net.
We chase everything and it's ridiculous. But anyway, so this dude's leaving. I think a lot of people from the government are going to be leaving when Trump gets there.
And I don't think it's because they don't get along with him. This guy's saying it's because he doesn't think they're going to align. That's not it. Stop lying to me. As they said in the military, stop peeing on my leg and telling me it's raining. So we will see how things go. And I think it's going to come quickly. I mean, the 20th of January can't get here fast enough. I just hope there's no huge calamity between now and then or on that day. And then when Trump is officially in office, they can let the stock market crash, they can let the banks fold, they can let everything go to hell. And you know why? Because then they can say, you were much better off under Biden nomics, you were much better off four years ago. I mean, yeah, your gas prices were a little higher. And boy, talk about burning the city down on your way out the door. More money to Ukraine, all kinds of bans against drilling, fracking, digging pipelines. This is insane. What's going on?
Who? I need to slow down and breathe or I will stroke out on air and have a heart attack and all that stuff.
And we're back. Did you say and we're back or I've got your back? I thought maybe you were willing to come pick me up and take me to urgent care.
If you see me fall out of my chair, please come pick me up and take me to urgent care.
So let me switch gears. This is not an article. This is an email I received from a friend of mine named Leon. Leon, if you're listening, you'll know who you are. So this email, let's see here, it says the fiscal year 2024 data are in, and they show that the Biden administration has overseen a record 926 billion in improper and unknown federal payments. 926 billion. So that's close to a million. So that is 38% more than the Trump administration's 673 billion total over four years, and it's only 4% less than the Obama administration's 962 billion total over eight years. Moreover, these figures are underestimates, as they only account for about 68 out of the more than 2,000 that federal government operates. This is only 68 out of 2,000 different federal agencies that are giving out money. You know, first of all, if there's 2,000 agencies doling out money, talk about needing doge, talking about excessive. Let's start there. And then this is only on 68 of them, and it's almost a trillion dollars.
Crazy. The Biden administration's 926 billion total translates to more than $7,000 for every household in America. That's about seven months worth of groceries for a family of four or three. Mortgage payments for the average homeowner. I want my $7,000. Leon, who do we talk to? You know, Anthony is always talking about, well, that's, you know, you're pointing out, but you don't take any action. I like Occupy Wall street because all my friends showed up with their Starbucks cards and their iPad to a thing that says, boo corporations. So Occupy Wall Street. We need to occupy this entire country, by the way. So, Leon, reach out to me and let's talk about what to do about it. Well, the first step, when people give you numbers, you have to vet and verify. So, Leon, in this article attached a handy website that I had never heard of. So I looked into it. Real simple, real friendly. When you're resting, pull up paymentaccuracy.gov again. It's www.paymentaccuracy.gov.
it's pretty outstanding. It's funny that the government actually lets you know how ridiculously incompetent and foolish they are. This, this thing, the one page landing. The one page landing page. It's Got program scorecards, the numbers and resources. So this, this will kind of show you this country financially is broke and getting broker as we speak. But it's interesting, you know, when I talked a little bit last week, even though I was not nearly as amused as I thought I would be about The Festivus Report 2024, this is a beautiful segue to this week on how absolutely ridiculous and how absolutely important it is to get a change in the future trajectory of this country. Because I know, Anthony, I'm more worried than you about the future for you and Jay and everybody that's younger. We're going to crash Medicare, Medicaid, social securities. You know, we have to stop giving foreign aid to countries until we have a solid footing. We have to stop making almost a trillion dollars in erroneous payments if, when we're spending a trillion dollars a year now on the interest on the debt. Let that sink in. Make sure you make your way to that usdetclock.org and look in the upper left hand corner, you'll see the 36.3 trillion in debt. And then go a couple lines down and you'll see what we spend on Social Security, Medicare and Medicaid, defense spending, interest on the debt. It's over a trillion dollars a year.
So it's a huge, huge number and it's annoying to me.
Anthony, I can see that you're doing something else. You're either reading or doing a crossword puzzle. I can see that I've lost you.
[00:46:22] Speaker C: One's got to answer work, text messages. That's how good our service is. Even during the show. Yeah.
[00:46:29] Speaker D: You know we have Macy, right? You know we're supposed to find me. Oh, geez. Macy Lee Maloney is recording a show. We're supposed to talk to people, do a radio show, look at statements. Let me talk.
[00:46:40] Speaker C: You're supposed to talk to people, right?
[00:46:42] Speaker D: And you are now you are. And you're not supposed to talk. I used to always say that my job is to sit and talk to people. The office manager's job is to do all the work and Macy is doing a great job at doing that. So carry on, young person. You know, when you have this website, this accuracy website, I, I've been urging people for years, Anthony. When you came to the office, I was urging you to do so go when you're resting to www.fdic.gov and pull up statistics at a glance. And then, and if you need this, we can actually send you an email with, with a screenshot of it with the directions I'll make it easy for you to find.
We have 1.2% coverage on your money in the bank. We haven't railed on that in a while, but I'm just telling you, when Fed officials are stepping down, when the reserves are too low, the banks are in trouble. They have no money with the consumer. The credit card debt that's being defaulted is staggering. Auto loan, late payments, non payments, the subprime auto loan. It's just everything is sketchy, I'm telling you. And you know what Anthony always says? There's nothing you can do about it. There's not. You cannot control this stuff. Yeah, baloney. You can control what you do about it. You can pay down debt, you can buy hard assets, you can make sure your 401k is allocated properly. If you don't know how to do that, we can do it with you. All we need is a copy of your statement and we'll brainstorm with you. We'll give you the questions to ask your representative or your employer, whatever the case. You know, we get people. Oh, you know. So you say buy all gold. I've never said that. I'm a huge fan of moderation and diversification. If it's appropriate for you, should you have gold or. Sure, but when you look at stocks, I mean stocks. I've been in the world of mutual funds and money stuff. Stocks are not a hard asset. We might get a wake up call maybe this year. You know, the market doesn't go up forever. It's had a great 14 or 15 year run, but it doesn't go up forever. Stocks are a digital asset. Stocks are almost in the same basket as cryptocurrencies at this point. There's a new one I'm reading about. Maybe I'll have enough information for you next week called Fart Coin. We are officially, when you're past hawk to a coin, when you're on to fart Coin, it's game over. But anyway, so your stocks, if we have a hack into Charles Schwab or into whatever, you have stocks, you know, like they did the Treasury. So apparently things are not impenetrable. If we have an EMP or a solar flare, if the country goes into World War three on our soil and things get sketchy, you know, they could say you had stocks. There were no guarantees. You've never seen something that gives you any guarantee on your stocks and bonds. So they could get cut in half, they could go away. And you had a digital asset. So make sure you're just. I Want you prepared, not scared. I want you proactive, not reactive. And we can help you do that. One person, one couple, one family at a time. We can get you there. So you've done everything you can to maximize what you can do and then you can change the channel, watch the masked singer, whatever trash is on the tv and then you don't have to worry. So. And by the way, Trump, if are listening, I, we need to invite him to the men's happy hour too. I think we'd get a bigger turn.
[00:50:07] Speaker C: Drink though.
[00:50:08] Speaker D: You don't need a drink. We've Kevin's.
[00:50:10] Speaker C: I'm not voting for him anymore.
[00:50:12] Speaker D: We had a friend named Daryl. He's, he's come. He doesn't drink. They have Pepsi or whatever it is. Coke or some. Not cocaine, Anthony. Coke. So you don't have to drink.
Trump, if you're listening, Anthony, why do you take me off track? I have ADD and OCD and all these things to begin with. Fill the strategic oil reserve. I shouted about that a lot last year because it was down to like $68 a barrel. Now it's up to about $74 a barrel. It's still historically fairly reasonable. And you know what, with all of the potential problems that we are in the middle of, it's a good time, it's a good time to fill that strategic oil reserve. If you're listening. So let's see, what else do we have? Facebook. Mark Zuckerberg, if you're listening, we meet at Throne at 4 o'clock next Tuesday. So you do realize that it's funny now all of a sudden that Trump's coming at the Trump effect is in full force now. You're gonna get rid of the fact checkers. Did you hear about that, Anthony?
Firing them? You know, we worry about, you know, $20 an hour minimum wage and that's still not enough to have a house or a car or anything. Now you're gonna have more workers that are leaving meta as fact. Who's going to replace the fact checkers? My personal guess, AI. You know, they talk about it's going to be like X. They're going to have community policing or some horse. You know what? Yeah, your job was just replaced by AI and you think that you will probably be in deep trouble under the next four years if you try to do what you did the last four years. So yeah, good time to get rid of the fact checkers after they already told me I'm crazy if I don't believe in wearing six masks at one time. Do we have time, Anthony, to get to your article? You've sent me four articles in the last few weeks and I always run out the car before I get to them. I know we have time for this one from the AP news. Go ahead.
[00:52:02] Speaker C: No, I was gonna say there was only one that was really important and I think that's the one from the AP news, so I don't know.
[00:52:08] Speaker D: You sent me one with Jim Carrey and why he's taking on movies again. Because he's broke. The guy that gets like $27 million a month.
[00:52:14] Speaker C: That was like weeks ago. I sent that over. And the whole point to that is even rich people are terrible with their money.
[00:52:19] Speaker D: That's true.
[00:52:20] Speaker C: Al Pacino, all these like just ha. Just because you have money doesn't mean you're smart with money. See it all the time. That was my little sales pitchy thing to say. Hey, get a second opinion. Get some advice from anyone. Anyways, say your, say your thing. Social Security, the other thing.
[00:52:35] Speaker D: I'll read it again, see if I have to bring it up next week. The gambling betting boom has taken over America's economy. Boy, you're not kidding. The sports betting thing has been a game changer in this country, which is another financial strain on the very people that could use it the least. AP News from 5 January. Higher Social Security payments coming for millions of people from a bill that Biden signed. And I have a bunch highlighted, but I can't get to it all. I'll just give you the highlight. President Joe Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers, firefighters, police officers and other public service jobs. Advocates say the Social Security Fairness act is a decades old disparity, though it will also put strain on Social Security trust funds which faces a looming insolvency crisis. That is true. When you move the RMD, the required minimum distribution from 70 and a half to 72, 73, 75. You're, you're making the country crash faster.
[00:53:40] Speaker C: You run out of time. Give layman's terms for all of this.
[00:53:44] Speaker D: People that were involved in the windfall protection. We have a client named Craig who is a retired postal worker that got less in Social Security, but he had a tsp, he had a good pension. And this is saying basically we're going to go back to January of, of 2024, so give you payments for year and then future payments to supplement your retirement. A lot of these people. Like my wife is one. She's a retired teacher. She already is in the Arizona State Retirement System. This could benefit her. So in a personal note, I'm happy the problem is the drain. The strain on our financial landscape is going to be doubled down by this. So the idea is wonderful. The timing is suspect. It's something else that Trump is going to have to deal with when when we accelerate problems. And I know it's time to go. And thank you for letting me rant rave today, Anthony. I was very hyper today, wasn't I?
[00:54:35] Speaker C: You did good. I'm proud of you. Anyways, that's it for today's show. If you like what you heard, you have questions on any of the topics today, even though none of them were financial. So if you want to talk politics with financial advisors or you want to sit down with us to review your personal situation and actually, do you know the financial planning portion of this job? Reach out to us
[email protected] you can schedule appointments with us right from the website anothermoneyshow.com give us a call, 623-523-0444. The number again is 623-523-0444. Remember, there are no minimums. There's no cost from appointments. There's nothing to lose by. Again, a second opinion. We'll see you next week.
[00:55:22] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com Investment advisory services offer through Brookstone Capital Management, LLC, BCM. A registered investment advisor. BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
