[00:00:40] Speaker A: Okay, coconut man. Moon heads and pee.
You ready?
Seems like everybody's got a price I wonder how they sleep at night when the sale comes first and the truth comes second just stop for a minute and smile why is everybody so serious? Acting so damn mysterious got shades on your eyes and your heels so high that you can't even have a good time everybody look to their left everybody look to their right can you feel that gay? We're paying with love tonight it's not about the money, money, money we don't need your money, money, money we just want to make the world day forget about the bright day ain't about the.
[00:01:37] Speaker B: Hey, everybody, welcome to money and change right here on trimradio.com.
yeah, that's right, Trim radio. All you have to do is just check us out. We are worldwide, and you can go to trimradio.com and you can see all of the stations, shows that we do and everything else. All you have to do is just go to trimradio.com, trim radio.com, and, boy, I'll tell you what, we have a lot of good shows, and we're adding some more. You know, we have adventures around the bend, and we have ranch it up with Tigger and Beck. We have life walk with Christ, God with Michael Bayhas. Of course, we have money and change every Sunday at 07:00 p.m. and we have take point 22 radio show with Michael Bayhas. We have the slobberknocker talk during football seasons along with offsides. And that's college football top 25. We have Victoria Smith's natural market podcast. We have my world live laugh and whatever every Wednesday night live. Yeah, every Wednesday night live at 08:00 p.m.
so you want to check us out and we can talk just about on anything we want. Whatever's going on in my world and maybe yours, too. Also, we have a new show, the Positude podcast. You want to check that one out? We have Roscala's red pill reality show.
And I keep asking Roscala, you know, you say, do you want to take the red pill or the blue pill? And I want the green pill. And so far, he hasn't come up with it. But anyhow, guys, check us out.
And all you have to do is just go to our webpage and you can look at the top and it says, trim radio network. We cut the bowl and serve the truth. And you can hit the listen now button and listen to whatever's going on on the station. Also, you can partner with Trim radio. And you can become a part of our radio program. And it's easy to do. All you have to do is contact us and we'll work you through the whole process. If I can do it, anybody can do it. But you can partner with us. You can also support the station by buying the merchandise. All you have to do is click on the shop now button and buy the merchandise. We have hoodies, we have t shirts, sweatshirts, hats.
We've got it. And we've got really good water bottles that you can take on your jog or your bicycle ride.
We've, or to the stadium for that matter, if they let you in with those. And also we have mugs that change colors. Yeah, you put hot stuff in and change one color, you put cold stuff in, it'll change another. We've got those. But that's how we keep everything on the air, and that's by supporting the station, by buying the merchandise.
I donate money for our BMI license and other money that comes into the station goes directly into paying for airtime. And airtime is not cheap.
Now, we have all the different shows. There's a blog page that you can go to and you can click on that and you can also listen to us anytime. We are on, gee whiz, Facebook. We're on oh, my goodness x. They used to call it Twitter. And we're on that and a few other things. So you want to check us out? We're worldwide. I've got listeners that I know that are in Myanmar, India, South Africa, other parts of Africa, Europe, North America, but nobody in Iceland for some reason, nobody in Iceland listens to us. But if you're listening, send us an email. I'd like to know. I've had friends of mine that have gone to Iceland and they loved it up there. Not in the wintertime, but during the summertime. It's a lot more hospitable for us southern folks, if you want to call it that. But anyhow, guys, check us out. Trim radio Network if you want to be a part, join us. You can do your own show, and it's very easy to do. And if you want to buy the merchandise and help support the shows, let us get you to that page. All you have to do is just go to trimradio.com.
well, you know, we always do a disclaimer at the beginning of the show, and the information contained in this presented material is from the posting of news agencies on the Internet and are not necessarily the views or opinions of the owners of this program. Nothing in this show should be considered legal, medical, financial, or investment advice. You should always do your own research and consult with professionals. We are not responsible for and expressly disclaim all liability for damages of any kind arising out of use, reference to or reliance on any information contained in the broadcast.
Now that we've got that disclaimer out, the all important disclaimer, I think we do it on all of our shows.
I also have to do out some shout outs. I just have to give shout outs. I really do a big shout out to the trim radio network for carrying the show. And we've been doing this show with money and change for 13 years.
That's been a while. It's not only been on this network, but also on another one. And so we have fun doing it. And hopefully we're helping people not only on just my world, on what's going on and different attitudes about what's happening in my world or your world, our world, but also we're taking a look at the financial end of it. And you say, oh, finance, finance, finance. Everybody's getting to be in the same boat.
And so we've been talking about what's causing interest rates to rise or what's causing scarcity, like in Covid. Okay, we had discussions on that, too, but that's what we do. We talk about common things to help people out and to bring attention to things that you really ought to be paying attention to. Okay, so a big shout out to the University of Findlay. In findlay, Ohio. It's www.findlay.edu.
it's a good school. And this fall, the University of Bluffton will be merging with the University of Finley. They will have two campuses. The University of Bluffton will be an NCAA division two school, division three school. I gotta get this right. Finley is going to be an NCAA division two school. They play larger schools, and the two campuses, you'll be able to go to either one and take different classes. Whatever Finley doesn't offer, that Bluffton does, you'll be able to go there and take classes there. The same thing, vice versa. If they don't have it at Bluffton, they can come to Findlay and take classes there. The University of Findlay is in Finley, Ohio. It's an all american town right off of I 75. And you have a equestrian campus with pre veterinary studies there. You also have the main campus, and the main campus has the bachelor's, master's and doctoral degree programs there.
And they have a very good school of pharmacy, very good school of physical therapy.
Really good business school. I mean, a good business school, a good school of education. I mean, it's good all around campus. Check them out. The University of Findlay, that other campus I didn't mention yet is the hazardous materials campus. And there you will study all kinds of hazardous materials handling and different types of abatement and all that kind of stuff. And that's at the third campus, which is in Findlay. So check them out. It's the University of
[email protected].
oh, and if you're concerned about sports, this spring, the University of Finley had 19 people that were all Americans for track and field.
That's pretty good for a small school. And they also have basketball, football. You name it, they've got it. Except tiddly winks. They don't do tiddly winks. They don't do basket weaving. I mean, we get into some serious sports.
But a big shout out to the University of Findlay in Finley, Ohio. Great professors, great students. We've got students from all over the world.
It's just a good place. Check it out.
A big shout out to rusty ducks custom pens and blanks. And rusty ducks custom pens and blanks will take an idea that you would provide to Phil over at rusty ducks custom pens and blanks. And they're on Facebook. And what he would do is come up with a design for a pen or the blank in the center part of the pen. But he will come up with that design, and if it's amenable to you, he will go ahead and start production, and you will have custom pens. And you could be a business, a school, a fraternity, a college or university.
Or you could just pay great wedding presents. Could you imagine that? A wedding present that you would hand out, which is all custom to the wedding party and the parents. That's an idea. Just talk to Phil over at Rusty Ducks custom pens and blanks. And it's r u s t y d uk, apostrophe s, custom pens and blanks. They are on Facebook.
And so you can check that out. Nothing leaves the shop until it is perfect. And both Michael Bayhas and I have pension that Phil has made, and they are just beautiful, especially if you check with Michael Bayhouse. He has one that was made specifically for a Cobra Mustang that he was building. It was beautiful. It's a show card. So anyhow, check out rusty ducks custom pens and blanks. Also check out money and change every Sunday at 07:00 p.m.
and we will be live for the most part, unless I have a concert to play, and we've got three more concerts to go this summer. And we had a really good concert in a little town in Ohio called New Carlisle. And we had a very good crowd and we had some fun, even though it was hot. But we played a really good concert. And I do that several times a year. So we have that going on. But if we're not playing a concert, we are live, because everything changes up until the time that the show starts. I could be doing all the research during the week, and all of a sudden something really important happens and I have to change the whole lineup of everything that I talk about. Okay, so we have that big family homestead with Brad and Krista. They're out in Wisconsin. Check them out. Great people. I've known them for years. And they talk a lot about things that are going on in the world. They talk about things on the farm, homestead and other things. They're really good people. Check them out. Big family homestead on YouTube. Also check out deep south Homestead with Danny and Wanda King.
Now they're going to be transitioning. They are going to go from the deep south homestead to the pecan ranch.
And you'll have to check that out. They're actually going to change locations, and they're going to do the same type of discussions and so forth, especially porch time with Danny King. He's doing porch time as we speak, probably this afternoon or this evening. And it will be aired either Monday or Tuesday on YouTube. And he talks about all different types of topics.
Also we have southern prepper one with Dave Kobler. And Dave is producing one or two videos a week. He was more frequent, but a lot of things are happening where he has sped up his prepping, and we'll get into that. Also we have Ed Carswell down in West Virginia, and he's building his getaway compound, if you want to call it that, and trials and tribulations of building on the hillside in West Virginia. That's a trip. But Ed's a good guy. I've talked to him before. Also we have, oh, David Gilmore, lds prepper. Check him out if you want to try growing crops a different way or doing things a different way, or talking about GMRS radios or ham radios, things like that.
He has the videos. He has over 600 videos.
Imagine that. 600 videos on all different topics. It's David Gilmore with LDS Prepper.
And also, oh, we have prepper Princess Amber Stork. Now she's out in California and she's a self made millionairess. That's the technical term. She's, she calls herself a millionaire, and she knows how to live frugally. Okay, so you want to check her website out on YouTube. And also I like to post things on our Facebook page. Money and change slash financially prepped. Anybody can join the page. Okay. And all you have to do is just ask and you can get approved, and we'll take you from there and you can see everything. For example, this week I did some posting, and we'll talk about some things tonight about electric cars.
I don't think people like electric cars, especially when they burn up. We're going to talk about the best places to raise a kid, actually, the most expensive places to raise a kid.
You know, I mean, you go to the grocery store and you get mommy, daddy, mommy, daddy, mommy, daddy, and they suddenly go over and they say, I want this cereal or I want that cereal. I need this, I need that and so forth.
And you live on a budget and all of a sudden it costs you more to go to the grocery.
And it's called inflation. And that's what we're running into. We're going to talk a little bit about that today. A lot of different things going on.
And there was a Supreme Court decision, and I haven't had a chance to really research it. And I want to be able to do that either by Wednesday or next Sunday. And it's called Chevron deference.
And it was a recent ruling this past week.
Basically, it says that all the government agencies, if I get this right, they give out all these rules and regulations, but it's not law.
And so the House and the Senate have to come up with laws.
And does that make all these federal agencies null and void? I don't know. We'll just have to wait and see. It's called the Chevron deference, and there'll be rulings coming out on that some more. What a week. Did you. Oh, man. Did you guys listen to that?
Well, if you want to call it a debate, it was probably a one sided thing. I listened for a couple minutes. I. I turned it off because you get into a lot of political rhetoric, and I really don't get into that in any of my shows.
If you listen to my world or money and change, we really don't get into the politics of things we like to look at. Okay. What's really happening. And that's what happens on money and change. Slice financially prepped on Facebook. Okay. Anybody can join.
You know, I've got a lot of members and I've got Jerry, I've got David.
And I've got Pam and Fred. It's the whole host of people, too many to name. I wish I could name them all, but I don't have time or we'd be out of, out of the show.
That's already 719, according to my big watch.
But there's a lot of stuff out there. Let's get on to the stuff I was going to talk about here.
Nearly three in one, or, I'm sorry, one in three. I'll get this right, one in three Americans earning over $150,000 worry about making ends meet. And that was a federal report.
Don't you think the feds are a little bit out of touch?
I don't know about you, but I didn't make $150,000 a year.
I've been retired.
And a lot of people I know, and I meet them in Kroger's or Wally world, better known as Walmart or other places, and they're saying, man, it's tough to live.
Inflation's going up, the cost of everything's going up.
And just, just, I guess a case in point.
I was looking at Keystone meats at Walmart today, and they make some very, very, very good product. I've talked to some people locally and they say, oh, we've used it for years.
And they have canned beef, canned hamburger, canned turkey, canned pork.
And I'll tell you what, it's already precooked. All you need to do, if you want to do beef and noodles, you cook up your noodles, you open up a can of the beef, shredded beef, and just pour the contents in with your noodles, mix them up really good, add a few spices if you want, and, well, you've got the best taste in beef and noodles around. I'm not kidding. Or you can take that beef, you can add it into a broth, and you can make a very good soup out of it.
I mean, it's very easy. You can, you can feed a lot of people on one can making a soup.
And I was checking the prices on that today, and it was 9.98 at Walmart.
If I slept on the same wally world, you know what I mean? But it's Walmart. And $9.98 for a can, not a little can. This is a reasonable size can, and probably a family of four could eat from that. And I'll tell you what, I remember when it was something like $6.50, and that was a couple years ago. The prices have shot up.
Now Keystone Meats is about 30 minutes from where I live. I mean, I could probably drive up there to the factory and probably get a case of it without any problem.
But they sell to some of the big stores and you can get Keystone meats at Walmart, you can get them in other stores. It's very good product, even great value from Walmart. They have good chicken and they have beef too. I'm not sure whether or not that's Keystone meats in a different can or not, but it's good to stock up on. And a lot of people are prepping and they're preparing for a bad economy and things are starting to go downhill now. I don't think it's going to get better.
And so when I go to the Walmart or Aldi's or wherever, I always make sure I get extra food.
And you say, well, you've been prepping for quite a while. Not really, but my goal is buy five extra cans week.
That's all I do.
And if I want to get the packets like nor's packets of flavored rice or noodles or whatever, then I pick up five, six of those each week.
It makes a quick meal and you can expand that meal a little bit in. The stroganoff is excellent. You have to try it, but it's making ends meet. And when the feds went ahead, according to Naveen enthralpoli Anthrappully and Naveen wrote an article for Epoch Times, and she was saying Americans in upper income groups are concerned about their ability to pay bills, with more than 15% of the demographics taking up additional jobs over the past year, according to a survey by the Federal Reserve bank of America of Philadelphia.
Can you imagine that? The Federal Reserve bank and people that make $150,000 a year and they're doing extra jobs to pay bills? Something's not right.
Anyhow, in the report, it says as of April 2024, 32.5% of respondents earning over $150,000 annually were worried about making ends meet over the next six months, up from 21.7% in April of last year. And it was a survey, you can check this out on zero, hedgehead.
And this percentage is higher than for those in the income groups of $100,000 to 149,999. Boy, that's being specific.
70,000 to 99.9 or $99,999. And that was in April of 2024, I believe.
But people are getting worried. And so when they're going to the grocery, you know, some people, they use plastic. They pull out that plastic and they charge things. And some of them pay it off on time and some of them don't. Now, according to Prepper Princess, her best thing is you pay with cash.
Cash is still king.
If you have to pay with a credit cardinal to keep from paying the interest, you make sure you pay the card off before it's due.
Now, my house is paid for, it's been paid for for a long time.
My car is paid for. I pay off my credit cards on time.
I don't live a big lavish life and I'm not really super frugal, but I try to live a simple life and that allows me to do things.
And that's what you have to do. And from now on you have to do it if you're not already doing it. And like I said, go to the grocery store, buy five extra items of canned goods, things that will last you a while. Canned goods, if it's not bulging, it's not dented.
Canned goods generally will last up to five years, maybe even longer according to some people. I'm not an expert on that. Okay, but you can get canned vegetables, you can get canned meats, canned tuna.
Just use common sense when you do it. Check the expiration dates. That's the best served by date. And then you can figure out from the manufacturer maybe five years from that time. Just remember, if the package is malformed, dented, bulging, whatever, throw it away, don't use it. But people are starting to prep more, you know, a lot more people are going to Costco. A lot more people are going to Sam's club, and there are other discount places and they can get deals and they can buy volumes of things.
So when I go to Sam's club, I used to go to Costco too. And I found out that I had to drive all the way to Cincinnati, Ohio for Costco. And so I just decided I'll just go ahead and stick with Sam's.
And you buy in bulk, you buy in large amounts, you get two of whatever you're going to get, sometimes four of whatever you're going to get.
And the prices are decent. That way you're buying with volume.
But people making the high earners are concerned about their money and you should be too. Okay, speaking of money, gee, it's money and change, isn't it?
I've got something I want to play for you. This was in Yahoo. Finance today. How much money should you keep in your checking account? How much money do you have in your checking account?
If you needed to pay off all your bills, how much money do you have?
Think about it. Add up. Do you do a budget.
If you don't do a budget, you ought to do that.
How much money you get in and then how much money you have to spend.
So, you know, you take in a week, that's $4,000 a month. And then you go ahead and subtract out all of your taxes, all of your utility bills, whatever, subtract it all out and see what you have to live with on at the end.
That includes food and gasoline, okay. For transportation.
Well, here's something you need to listen to about how much money you should keep in your checking account.
[00:29:38] Speaker C: It's checking account balance is $2,800. That's according to the Federal Reserve board. But how much money should you keep in your checking account? There's no hard and fast rule, but stowing away enough cash is crucial to be able to handle any surprise bills that life throws at you. To discuss this further, we've got our very own Molly Moorhead here in studio with us. So, Molly, $2,800 is what the Federal Reserve is seeing. What should the real number be that most people can set at least as an ideal target?
[00:30:08] Speaker D: Well, as you can imagine, there's not really a number that applies to everyone. It's all in how much are your bills, your income, your spending habits? And so the good couple of rules to follow are you want enough that you'll never be overdrawn and enough that you have a cushion. And the cushion, if you can do it, is two months worth of your expenses. So if you have $4,000 in bills every month, if you can keep eight, that's good. If you can keep six, that's good. But you just want to know that you're never getting too close to zero.
[00:30:42] Speaker B: Absolutely.
[00:30:43] Speaker C: So once you have the right amount for you in that account, that two months of all in expenses, what do you do with the extra?
[00:30:50] Speaker B: Yeah.
[00:30:51] Speaker D: So the reason you don't want to keep it all in checking is that it's not making any money for you. So you want to put it in something that's going to be interest bearing, a high yield savings account. Those are paying like 5% right now, a CD, a money market account. Those are all good options that are liquidity. And then we always want to be socking money away for retirement. So if you have a regular income every month, a salary, and you get that healthy amount in your checking account, then put it away for retirement. That's always a good play.
[00:31:23] Speaker B: Absolutely.
[00:31:24] Speaker C: Molly Moorhead, thanks so much for breaking this down for us joining us here.
[00:31:27] Speaker B: And you heard it from Molly Moorhead. And you'll hear it from me.
When you get into retirement, Social Security isn't going to carry you through.
So you want to remember that.
And that's a problem.
You need to start saving away for retirement on your own soon after you start work because Social Security is not going to help.
I know when I retired I was supposed to get $980 a month Social Security, but they said, oh, you worked for the government, so you're only going to get $250 a month.
Is it fair?
No.
I also worked in business and so I should get more than that. But since I work for the government, guess what? Surprise.
I'm still burning about that one. But that's the way it goes. Some people say Social Security is a Ponzi scheme.
Could be. Who knows? I'm not going to be the judge.
There was a thing in Yahoo finance also about six ways to increase your net worth of.
And increasing your net worth is a key to securing secure financial futures.
And simply put, you know, it's, the net worth is a difference between what you own and what you owe.
And this figure provides a clear snapshots of your financial health. And they go on to talk about that. You can see that in Yahoo. Finance, too. But some of the things that they talk about, how to increase your net worth, build an emergency fund. If you got laid off right now, no job, and you didn't prep and save up food you couldn't feed your family, is the government going to help you out? Maybe a little bit. But then after a while, if everybody starts going belly up, guess what?
You're not going to get your food.
Gee, how am I going to live? Well, gee whiz. Social agencies, you might have churches maybe able to help you out. Churches are doing that right now. Social agencies are doing that right now.
But when it really gets bad, they're not going to be able to do it.
Are we going to see sup lines that were in the depression?
Could be.
It all depends on how the economy goes.
But you have to build that emergency fund up and you need to live beneath your means.
So if you're spending, let's say, $1,000 a week and you've got Netflix and all the fancy bells and whistles, and you can reduce that to $600 a week and take that $400 and put it aside or buy long term food. You know, I always say, pay down your debt, put some money aside, buy some long term food, whether it's canned or freeze dried or whatever, and make sure you have your medications and the proper clothing and shelter for the season that you're in.
And I've always said that for probably 13 years. But you build up an emergency fund, and that's when you don't touch.
And so if you have a situation where your car needs repair, then you can use that emergency fund.
If you need to, maybe pay rent when you're out of work, there's your emergency fund. You could do that, but build it up as much as you can.
Gee, do I put it in an interest bearing account or whatever? You can.
But what happens if you need it now, you can't necessarily get it from the bank if it's tied up in a cd or whatever. There are penalties for taking things out. So you have a problem there. So what you want to do is build up that emergency fund and have enough cash liquid so that you can take care of business. Okay. Some people say, well, gee, I do that right now, and I still have some excess cash. What should I do? Well, some people that want to hedge on calamity, they turn to precious metals and they go ahead and invest in gold and silver. Some do, platinum. Coppers is up in price now.
You can't eat it. But if the economy goes down the tubes, which it could do, you have gold and silver to help pay the your bills. Silver supposedly is supposed to be as high as $800 for an ounce.
Gold's even higher.
This is all supposedly. I don't know. We'll wait and see. I mean, the stuff happens like that.
You want to invest in 10th ounce gold? I'll put that with gold coins, and you can get them different places. I mean, you know, I've said for years, apmexen, silver.com, and others, just do your research.
I'm not recommending one above the other. Just make sure that they have secure shipping and the prices are right. And watch about buying things over spot spots, the base price of the coin. And then there's always money beyond that that you have to spend for that coin or coins and have a safe place to secure your, your cash and your coins. Okay. Reduce your debts, live beneath your means. That's number two. Debt can severely hamper your ability to build net worth. And according to the Consumer Finance Protection Bureau, the average credit card holder paid over $250 in excess interest charges in 2023.
Not me. Mine are all paid off. As soon as I get the bill, I write the check.
Therefore, I don't pay any interest. That's the best way to live.
I didn't always do that when I was out of college and first working. No, you had some debt, but I never let my debt get more than $1000 to $2,000. And then I paid that off as quickly as possible, so I didn't pay any interest. Okay, the next thing is cut your expenses and you reduce your spending. And that can go hand in hand with creating a budget. And that can help you identify areas where you are overspending. Now, there's a 50 30 20 rule and a zero based budget. You can always look those up on Google. But the 50 30 20, so if you use that 50 30 20 rule, I'll tell you what, that will probably help you out quite a bit because you're saving 20%, okay, so 50 is going to be for paying all your, your basic bills and so forth. 30% is kind of discretionary and you can juggle the numbers there to fit your needs. But you cut your expenses, you increase your income. If you have to get a second job, get a second job to pay off your bills.
You know, there are a lot of people out there that are working and they say, gee, I just bought this big stereo system. Right. I just bought a new computer and so forth. That's an extra thousand or $2,000. How do I pay that off? Well, you can pay it off on time and you can go ahead and put it on a credit card. But why pay the interest? Go ahead and get a second job. Do something different. Take that computer and use it for business.
Create another business.
Learn a new skill.
That's how you increase your, your income. Okay.
Invest your money wisely.
If you need an investment advisor, you can get one. Sometimes the banks have those.
You have to take what they say with a grain of heart.
Salt. Grain, a big grain of salt.
And you have to find out what fees they're going to charge. Okay. And make sure that you're probably investing in mutual funds where there's a big pool of investors so nobody really gets hit. And you want to look at things that somebody says, oh, it's a surefire thing. You're going to make a ton of money, yada, yada, yada. And, oh, this is great. And then they take it, you know, a 20% cut out of the profits and then you have taxes and so forth. No, if it's too good to be true, then it is too good to be true. Okay. I mean, in some cases, I've sat on an investment for over 20 years when it comes to, yeah, it'll be nice, it'll be sweet, but until that time, it just sits and I'm prepared to wait on that. Protect your assets.
Most things in life aren't guaranteed, including the wealth that you've worked so hard to build. And to maintain your net worth, you must protect your assets, and there are many ways to do that. Many types of insurance forms are available, but some of the most important to consider are health, life, home and auto insurance.
And these policies will help you avoid footing a costly bill if there's damage to your home, car, or get sick or injured. That's why we have insurance. Okay, so you want to take a look at that? Keep yourself healthy. Keep yourself help. I'm getting tongue tied. Oh, my God. Hey, if you get a Berkey water system to filter your water, it's great. It takes out all of the fluoride and stuff with the filters. I've got a, I've used a Berkeley water filter for years, probably ten, maybe 15 years. And our city water where I live has a little bit of a chlorine taste. This takes it right out, takes out all the other impurities that the city can't get out. So anyhow, it helps. But, you know, go through your, all of your accounts, sit down with somebody that's knowledgeable in finance. Okay. And look to see where you can save money. And the more you can save right now is going to be helpful later on. Okay. And make sure you know how to get your money quickly if you need to get it. Okay.
Another thing to talk about here, dangerous food ingredients. Have you noticed in some cases, all the stuff that they're putting in food, you got to buy things and you say, oh, it's, this tastes really good. It's really red. What did he do? Oh, they use red food coloring.
Radishes are supposed to be red. How's come they're red?
They're redder than normal. Gee whiz. This tastes like something they put food preservatives in.
Everfresh, I believe, was one things that they used to use in salad bars, and I forget the active ingredient in it, but you really wouldn't want to eat that all the time. Okay. But a lot of salad bars used it, some didn't.
They refused to do that and not use everfresh.
Well, some of the additives, according to a report, do important work. They keep the food bacteria from growing, and they keep everything safe from spoiling and without need for refrigeration. The others are experimental and do things like make food bright red or give it more satisfying texture.
Oh, yeah. But what happens down the pike, according to the report. Additives come in a variety of types. They're preservatives, flavorings, colors, stabilizers, emulsifiers, big word firming agents, humectants and a lot more than that. And some of them have names like titanium dioxide, sodium benzoate, xianthan gun.
I wonder if that's anything like experiment. Well, anyhow, they have all kinds of stuff that they put in these things, and some are linked to chronic diseases like cancer or other issues.
And some could be causing depression, anxiety or cognitive decline.
Some may be even addictive, like sugar.
Yeah. What if you put in ice cream? Hmm?
What's in candy? You have to think about what's, what are the additives? You know, a lot of people say eat organic, no pesticides or anything like that.
Do you have a small garden? You better have started one by now.
I've got one and all mine are doing right now are just leafing out. Eventually I'm going to have some very good cilantro. I love cilantro. I love to make salsa, I like radishes, I like tomatoes, I like green peppers, I like even jalapeno peppers without the heat. I mean, I'm even growing those.
I don't have a big garden. I really don't.
And I know some people will dig up half of their yard and plant rows and rows and rows and rows of stuff.
And I had an uncle that did that. He lived through the depression and they had a big garden. Matter of fact, about 90% of their backyard was a garden.
And that's how they got through the Great Depression. They had potatoes. When nobody had potatoes, they had carrots and lettuce and everything else growing.
And that's how you got through a depression.
Are we going to go into one? Who knows? Some people say we've been in a recession the last four years.
I don't know. I'm not an economist.
I wish I knew.
I know inflation is getting worse, the cost of things is going higher.
The cost of a new car is a lot higher than what it was five years ago.
Five years ago, cars were on average about 35 to 40,000, and now I believe they're up to 55, 60,000 or higher, depending on the type of car that you get.
Something to consider.
Now, there was a screenshot that I put on Facebook, and I wish I could show it to you on the show, but I did post on the Facebook page so you can see it. Ten key numbers from the 2024 McKinsey mobility consumer Pulse. And it said 38% of respondents who do not have an EV and electric vehicle yet consider a BEV or hybrid as their next car. 29% of electric vehicle owners considered are considering to switch back to traditional combustion engines.
27% of european electro EV cars, I'll put it that way, open to considering a chinese brand for next purchase. 9% consider cutting electric vehicle charging infrastructure to be sufficient 29% would like to replace their private vehicle with completely with other forms of transport in the next ten years. 21% of car buyers consider autonomous driving functionalities as a key buying factor for their next car.
59% of EV buyers want to use more digital connectivity services in the future and 37% of electric vehicle buyers consider to get their next car online.
Well, if you add all that up, I don't think it's 100%. I think it exceeds that. You know, but the way I look at it is this.
I've known some people that thought the EV cars, the electric vehicles, the ones with the big lithium ion batteries or whatever battery they use, were the best thing until they caught fire or until they had to replace the battery.
The batteries were very, very expensive.
And when they go bad, oh yeah, you still have the car. You got to take the battery out and put a new battery in.
Is that good? Is that good for the atmosphere? What is it versus getting a regular gasoline powered or diesel powered car that's properly tuned to and cuts emissions way down that way? You know, there are a lot of reports out there that people that bought electric vehicles are going back to regular gasoline cars or diesel cars because of the problems. You can't afford to replace the batteries. It's nice if you can do it.
I knew a person that had a Prius and I said, what happens with the Prius? If it doesn't work? The battery goes dead.
He said, well, I just get another car cost too much to put the battery in. That's been years ago. He got very good mileage on it, but it wasn't good enough to replace that battery because that was expensive.
How about the cost of raising a child in major us metropolitan areas? There was something v o r o n a. I was the report that it was in, and I posted it on our facebook page. You can go check it out.
Childcare, add additional housing, food and healthcare, transportation, so forth. They had the chart there, and the number one, which is the most expensive was Boston, Cambridge and Newton, Massachusetts. It was basically $23,000 for childcare, 5000 for additional housing and 10,000 for food, healthcare and transportation. Then came San Francisco, Oakland and Berkeley, then Washington DC and Washington DC. Was like 25,000 to take care of the kid and then 3000 for additional housing and then I 8000 for food.
And then it goes all the way down to the US average to raise a child is $13,000, $3,000 for additional housing and 9000 for food, healthcare and transportations for a total of $25,000.
Now, raising a child in a large town is going to cost you more. What about the rural towns? How much does it cost to raise your kids?
Add it up. Put it in your budget.
That's the big thing is put it in your budget.
Hey, the national debt right now is $34,866,533,000,000. In climbing. That's $103,472 per citizen and per taxpayer is $266,952. Gee, where am I getting the information? It's the us debt clock.org.
it's real time. And you can take a look at the state debt, the world debt.
There's a little time machine they have there.
You can check out Medicaid, Social Security, defense, interest on debt.
I want to tell you something. It's a good site and it will tell you how badly in debt we are. And maybe you want to tell the politicians to stop spending.
Somebody said politicians are spending like a drunken sailor.
No, they're not. A drunken sailor knows when to quit because he runs out of money.
The guys in Washington DC keep printing money and that's why we're in debt. And the dollar is not worth a hoot. And that's why there are some countries that are doing away with the dollar and they're going with the BrICS nations, which is Brazil, Russia, India, China, South Africa and about 24 or 25 other countries.
And the list is growing. They want to be trade, they want to be trading with their own currency and not using the US dollar.
I believe even south.
No, Saudi Arabia. I was going to say South Africa. South Saudi Arabia is doing that and doing away with the petrodollar.
That's going to cause inflation here. And like I keep saying, if you're not prepared, you're going to be hurting. And gas prices can go a lot higher. A lot higher.
Wow. We've covered a lot and we've got a few more to go.
There's a housing crisis out there. According to Schiffgold. Schiffgoldgold.com. and he said in his report, while the Federal Reserve inflationary policies are publicized as protecting the american people, they are causing the american dream of home ownership to slip away.
By raising the federal fund rate to combat their self inflicted inflation, the Fed has driven up mortgage costs, making it harder for aspiring homeowners to secure a place in the housing market. And these policies have resigned aspiring homeowners to a future of perpetual renting.
I rented for years because my job changed.
I lived outside of Columbus in a place called Westerville, Ohio, which at that time was about 18,000 people. I believe right now it's about 89,000 people.
And my job changed. And I ended up going to Cincinnati, Ohio, and living in the suburb of Cincinnati and still having to drive into downtown Cincinnati every day for my job. Or I was on the road to different areas and then back to Columbus again, living in upper Arlington. Talk about cost increase of goods. Yeah, housing. Yeah, quite a bit.
And then I moved back to western Ohio and eventually retired here. And my cost of living is a lot lower than living in those big towns.
If I want to drive to Columbus, hey, I can do that. If I want to drive to Indianapolis, I can do that. If I want to go to Cincinnati, I can do that. If I want to go to Toledo, no problem.
But I know where I live. My cost of living is a lot lower than in the big cities, but rent is going up and up and up. I had a friend of mine said, well, my house rent, he's running a house. He said my house rent was going to go up, dollar 200 a month. I said, why?
Well, because the owner thought that she could get that out of me.
Well, and what did you say? Well, I'm going to move. And I said, what happened?
She only increased at $50 a month. I said, can you live with $50 a month?
He said, yeah, if it would have been dollar 200 a month, I would have had to move everything out of here to my warehouse and live out of my warehouse where my business is, because just for that business location, it's not a big location. He's paying $3,000 a month to store his equipment and his office, things like that, materials.
But home ownership, the cost of homes have gone up and up and up.
A friend of mine was going to sell their house and they said, gee, I can get an extra $50,000 a year. I said, okay, what are you going to do when you sell your house? You're going to have to have capital gains tax, but then you go to get another house and what do you have there?
That price is going to go up. So now you're going to pay 200,000 or more for a place and you're going to have more rent or mortgage, if you know what I mean.
And you're going to have that for 30 years. The bank's going to make the money off of that.
You can't afford to buy a house with cash. Some people can, some people can't.
I imagine if I wanted to move and get another house, I could probably buy another house. And with the selling of this house and some extra cash that I've got, I could buy a house. Okay.
The housing market's going crazy. I don't know about you, but the market's going to go up and it's going to expand and all of a sudden it's going to collapse. Trust me. It's like a big bubble. And when it collapses, the economy is going to collapse and things are going to get nasty no matter what you say. Well, anyhow, guys, that's all I have for this week. Remember the big thing that I always say? Pay down your debt, put some money aside, buy some long term food, whether it's freeze dried or canned.
Make sure that you have your medications that you need. Make sure that you have a way to preserve water. Water. Everybody needs water. And it's more than a gallon per person per day. That's the minimum. The bare minimum is one gallon per person per day. You actually need about five. Okay. Per person.
So you have to be able to take the water and make it potable, drinkable. Okay. Well, with that, guys, hey, it's time for us to get out of here. You have a good week. You can catch us on Wednesday nights at my world at 08:00 and we'll talk to you then. See you.
[00:59:54] Speaker E: It's like this, man. You can't put a price on the light. Now we do this for the love so we fight and sacrifice every night so we ain't gonna stumble and foul never wait in the sea listen the sign of defeat so we gonna keep everyone moving they beat so bring back the beat and then everyone seen.
