September 26, 2024 • 59 mins
What do a certified financial social worker and an Air Force veteran have in common? Join us as Joey Laswell shares his incredible journey from tackling $20,000 in debt during active duty to becoming a financial expert. You'll gain valuable insights into trending financial topics like the Federal Reserve's recent interest rate cut and how these changes can impact your everyday finances. Joey's passion for personal finance shines through as he breaks down complex economic concepts into terms we can all understand.
Ever wondered how the Federal Reserve shapes our economy? We dissect its role, historical context, and influence, drawing lessons from past economic crises and current conditions. Concerned about the overinflated housing market? We discuss the potential impacts of interest rate changes and the effectiveness of economic stimulus checks, proposing alternative strategies to stimulate the economy. Joey's expertise helps navigate the delicate balance the Federal Reserve must maintain in managing various economic indicators.
The conversation doesn't stop there. We tackle the implications of artificial intelligence on the job market, exploring issues like jobless claims, labor strikes, and the concept of "ghost jobs." Even as AI advances, the enduring need for human involvement remains crucial. From the resurgence of physical media to the challenges of finding affordable housing, we cover a range of topics that affect your financial well-being. Tune in for a rich and informative discussion that bridges the gap between complex financial concepts and their real-world implications, all while honoring the stories and experiences of veterans.
Please join me on my different platforms and follow along my journey towards FIRE.
https://laswell.veteran.cards/
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
and performance in the field.
Our armor bundles provideunmatched safety and comfort,
while our battle belts andholsters ensure quick and easy
access to your gear.
Stay prepared for any situationwith our high-quality medical
supplies designed to keep youready for action at all times.
Looking to enhance your skills,Our firearms training programs
(00:21):
will take your proficiency tothe next level.
Trust LT Defense for all yourtactical gear needs and gear up
for success on the battlefield.
Speaker 2 (00:29):
Military Broadcast Radio, the station that's giving
veterans a voice.
Find us on the web at mbradious.
Speaker 4 (00:39):
Opinions.
Speaker 5 (00:40):
This entire military is one cohesive, dedicated force
.
And the threats to our nations.
They don't sleep.
They're watching our every move.
Iran, russia, china, northKorea, isis, al Qaeda they may
be watching this right now.
Our military should not bemistaken for our cable news gab
(01:05):
fest show.
We don't care what you looklike.
You don't care who you votedfor, who you worship, what you
worship, who you love.
It doesn't matter if your dadleft you millions when he died
or if you knew who your fatherwas.
We have been honed into amachine of lethal moving parts
that you would be wise to avoid.
(01:27):
If you know what's good for you, we will not be intimidated.
We will not back down.
We don't want war, but if youwant war with the United States
of America, there's one thing Ican promise you, so help me God,
someone else will raise yoursons and daughters.
Speaker 4 (01:52):
Opinions expressed in this program are those of the
speakers and do not necessarilyreflect the views or positions
of any entities they represent.
Find us on the web at mbradious.
Hello welcome.
Speaker 6 (02:10):
My name is joey and I am the host of the new my name
is military show.
All right, hey, actually, uhsorry, h uh, I need to.
I need to do a new intro.
Speaker 7 (02:23):
Okay.
Speaker 6 (02:24):
Yeah, so I usually just kind of skip past that
intro because it's really hardto hear.
Speaker 7 (02:29):
All right, well, you know, I'll fix that here.
Ladies and gentlemen,broadcasting from Tennessee Joey
Lassley, aka the FIO SocialWorker.
Speaker 6 (02:43):
Wow, I'm not used to that level of excitement when I
jump on the stream.
Oh man, all right.
Well, thank you for that.
Rousing intro from H Joel isrunning the ones and twos behind
the scenes and we're going tohave a little bit of chat about
some financial topics.
(03:04):
But ultimately we're going towe're going to have a little bit
of chat about some somefinancial topics, but ultimately
, you know, we're going to we'regoing to talk about a few
different things.
We're going to talk about theFed rate cut or the interest
rate cut and, you know, justtalk about some some trending
topics that are going on in inthe world of finance.
So, just, so, just.
This is money in the military.
I'm a certified financialsocial worker.
(03:25):
I was in the Air Force for 14years and then I paid off
$20,000 of debt while I wasactive duty within three years
as an E3.
So that's kind of like.
I got really into personalfinance and so I've been really
passionate about that ever since, and that was 10, 12 years ago
(03:45):
now.
Since then I became a socialworker.
Now I'm a certified financialsocial worker.
We get into dealing withfinances but then also dealing
with the psychology behindfinances, the mental side of
things.
So that's kind of where I'm atnow, and I got hooked up with
(04:09):
MBR back in when they firstannounced the launch of this
endeavor, or at least when theVA had their newsletter back in
January.
January, january, yes, so it'sbeen a good time's been part of
a good time it's been a greattime.
(04:29):
Man like, uh, you know, just,the team that you've built, joel
, has just been amazing.
We've got like what, 40, 40podcasts it's.
Speaker 7 (04:36):
You guys are amazing, you guys are the backbone.
I'm just here to facilitate.
You guys are amazing.
But you know, hey, I tell youwhat.
Let's jump into this Now, joey.
We've got some segments and somestuff that We've pulled up off
trending, and the one thing thatI've Learned from radio For me
(04:58):
is, with all this mumbo jumbo,like I don't, I don't understand
this.
I know a lot of people probablydon't understand all this money
and stuff and what.
What you need to explain to me,you know, break it down to me
kind of like, talk to me likeI'm a kindergartner, okay, is
(05:19):
how is this going to affect me?
You know cause, as soon as Isaw this news, the first thing
that I did was okay, well, youknow, I, I know that I had 50
cents in coinbase at one time.
You know, is it gonna?
Am I gonna see any results?
No, uh, robin hood, I know thatI've got like I thought it was.
I thought it was big at the time.
(05:40):
Uh, I put like 250 dollars inand then I was paying $50 a
month with Robin Hood doingSouthwest Airlines.
Well, that was a flop.
So you know, I'm lucky if I'vegot like $200 in there now.
So when I see this, this thingfederal, you know, and there's
(06:06):
other things, but this is likethe top story.
Break it down to me, joey, likeI'm a single soldier living in
the barracks.
Why should I give a shit aboutthis?
Speaker 6 (06:20):
Yeah, I mean that's a great jumping off point.
I mean that's a great jumpingoff point.
You actually asked me earlierabout this and I was like,
because I'm into the personalside of finance but when you get
into the federal side offinances you almost have to have
an economics degree to be ableto talk eloquently about that.
(06:41):
But in preparing for this afteryou had recommended it, I did a
little bit of research and Istarted kind of relearning some
of this stuff because you know,the thing about finance is that
it's a very broad field andthere's so many specialties and
subspecialties and everything.
(07:01):
So yeah, I kind of wanted to doa look, a little bit of
breakdown of kind of what theFederal Reserve is.
I watched some videos to kindof refresh.
But ultimately the FederalReserve is like they're like the
big centralized bank for otherbanks.
So part of what happened in theI think it was 1917 or 1913,
(07:26):
before the Federal Reserve wascreated you'd have all these
independent banks, you know, andthey were just like they were
just private businesses thatwould lend out money and then
you remember the movie Big Shortand I was waiting for that shit
to happen again, literally.
Speaker 7 (07:48):
Because, it even says in the credits after the movie
the Big Short, that the samething is happening all over
again.
And the reason why the samething is happening all over
again is, I guess, because whenObama was president.
Is I guess because when Obamawas president, like he bailed
everybody out but he didn't setrules and regulations to counter
(08:09):
so that it wouldn't ever happenagain.
So we're in that same boat andyou know, once again it's hard
to put all that on a presidentwhen he doesn't really know the
financial status or like theloop in the system.
Uh, so you know, that's, that'smilk.
You know we can't go back tothat right but you know, I don't
(08:34):
know if they can fix that now.
I don't know if they establishthose rules and boundaries that
he was talking about.
I don't know if that would makea difference now or not.
Speaker 6 (08:44):
Right, yeah, and I think we're so far removed from
that scenario that we've kind oflost our memory of it.
And we do have the potential ofrepeating some of those same
mistakes, and a lot of peopleare looking at the housing
market as being overinflated.
And a lot of people that arelooking at houses they're that's
(09:04):
legit, this legit.
You know, like the houses, thethe market, it may not be as
overinflated as it was in 2007,2008, but it's still.
You know, you, you go talk to arealtor, you go talk to
somebody looking at a house andthey're telling you that it's,
it's, it's overinflated.
Speaker 7 (09:19):
So right and and from what I understand, from what
you're saying, is they'rethinking that if they lower the
interest rate by a bunch, thatthey can put more people to work
, because it will be less likeconstruction, because if the
(09:42):
construction, if they make itlower, then more people will.
Oh okay, I'm going to beautifyit and all that stuff.
Speaker 6 (09:53):
Yeah, yeah, yeah, basically the idea behind
lowering the rates is to kind ofincentivize people to buy,
because if the mortgage ratesstart to go down which they
estimate that they'll go belowsix, but I don't know by how
much so in theory, if you know,mortgage rates are a little bit
(10:14):
more enticing than it might, itmight actually encourage people
to buy houses more, and you know, and so that's kind of the
theory behind that.
And then you know it's likethere's like all these spinning
plates with the economy and youknow what the Federal Reserve is
trying to do is trying tobalance a lot of these spinning
plates by by controlling theinterest rates of the whole
(10:36):
market.
You know, so it's it's a big,it's a big task and there's a
lot of, a lot of moving parts.
You know, like they're lookingat unemployment, they're looking
at, you know, the housingmarkets, the stock market and
just the overall pulse of theeconomy, you know.
So, yeah, I mean it's a, it's avery, it's a very delicate
(10:59):
balance.
And you know, sometimes it's oneof those things that you don't
know how good or bad it wasuntil you know, historically,
you start to, you know, analyzeit, cause I did see a piece
about how, in the seventies andeighties, when there was like a
really bad inflation, thefederal reserve at the time, one
(11:20):
of the guys that that jumped inin.
He really raised ratesaggressively and a lot of people
were like you're killing us.
You're killing us, but thething is is at the time that's
kind of what was needed and then, as those rates came back down,
the economy for the next 30years was really on point, from
(11:43):
that period to almost up intothe nineties.
So it's, it's kind of like somewizardry that a lot of stuff
that's going on that you know.
Even even I'm just, like youknow, trying to catch up and
trying to understand.
Like, okay, what, what is youknow?
What is this?
What is this 50% or sorry, not50% 0.5% interest rate decrease
(12:07):
going to do for an everydayconsumer?
Speaker 7 (12:09):
like you and I that's what I was getting ready to say
.
Like you know, they sent outthose economic stimulus checks
and you know those majority ofAmericans, especially at that
point in time, they, most oftheir income, was going to pay
the interest off of credit cards.
(12:30):
Because we've been living offcredit cards.
And you know, look, we can sithere and gripe about, hey,
everybody needs to buy American,everybody needs to buy American
.
But the problem is is, justlike Harley Davidson, you know,
who has enough money to Pay 65,75 Thousand dollars for a
(12:51):
motorcycle, I think what theyneeded to do instead of the
stimulus check and correct me ifI'm Wrong I think what they
needed to do is I think theyneeded to just say hey, you know
, businesses like Walmart andstuff like that, anything that
is American made.
You know businesses like Walmartand stuff like that, anything
that is American made.
You know we're going to giveyou a voucher.
We're going to give you avoucher so that when you go to
(13:13):
the stores and you buy thisstuff, it's not going to be as
expensive.
They're still doing the samething, but you can't give people
money and expect them to likelook on the tags, is this
American?
Is this American?
Because that stimulus checkisn't going to do anything if
(13:36):
you're buying something fromChina or if you're buying
something from Taiwan, or am Iwrong?
Speaker 6 (13:44):
Well, yeah, I mean I hear what you're saying, like I
think that you know that wouldhave been a good idea, honestly,
to really stimulate Americanmade products, you know, and
stimulate local businesses.
That would have been moreimpactful in the long run, I
think, because really, like yousaid, people just kind of ended
(14:04):
up buying whatever they wanted.
In a lot of cases I know peoplethat were splurging on just
designer bags and things likethat.
Speaker 7 (14:13):
Yeah, people using EBT cards for candy bars and
Twizzlers.
I'm not saying anything's wrongwith that, but you can't expect
every american to spend theirmoney wisely.
You just can't, because notevery american is at the same
(14:35):
mental, uh capacity point asother people.
I mean, you're, you're.
You're a lot smarter than I am,joey.
At least I can admit that.
Okay, and you have to understandthat the majority of Americans,
they don't understand howthings work.
I mean, my, my wife stilldrives the car and she's like
(14:56):
well, I, you got to put oil inthere, also gas.
Yes, it's just how it is.
You know, lot of americans, we,we tend to use things and do
things not knowing how it works.
You know, I'm not.
I have you seen that tiktokwith that woman saying, well, I
(15:18):
just don't understand why theycan't have a wireless hose, why
can't they do a wireless hose?
Why can't they do a wirelesshose?
I mean, the customization andall this stuff.
Speaker 6 (15:29):
you know it's like yeah, that's what we're working
with.
That's what the level ofeducation and you know the stuff
that gets shared nowadays.
Hopefully that highlights thatyou know we do need.
We do need financial literacyin more in need financial
literacy more just out there inthe world.
(15:51):
That's kind of what I've beenreally trying to press for is
financial literacy education.
Just talking about this kind ofstuff, because somebody might be
listening to our conversationand be like you know what I need
to learn more about the FederalReserve or you know that's.
That's basically what I did wasas I started researching on it
and then you know we can kind ofshare what we learned and then
learn on the fly in somesituations.
(16:13):
So, like I did, I did bring upa little bit of a analysis and
basically the the breakdown ofthe situation.
The decision was that basicallywhy they made the decision is
like if the rates were raised,then this would have been done
(16:35):
to combat inflation.
But as inflation has come down,they were like, well, we don't
need to raise.
And if they just didn't doanything like they held steady,
like they have been, then theywould say that inflation is
under control.
And then they want to just kindof like keep, keep, keep the
peace.
But then they decided to lower,which you know hopefully
(16:56):
encourages borrowing, you knowso, basically, your credit card
rates will theoretically go down, your mortgage rates, your car
loan rates will go down in inorder to try to encourage people
to buy more and all this istheory.
Speaker 7 (17:10):
All this is theory.
It's just like all of itstheory.
Uh, when you go to a doctor, orespecially a vet, they are
troubleshooting with your wallet.
They have no idea they're yeahall of its theory.
That's the reason why youalways need a second opinion.
So yeah, I agree with you onthat.
Speaker 6 (17:28):
Yeah, yeah.
So I think that was the thoughtprocess, you know, and time
will tell whether or not theywere actually, you know,
accurate in their analysis.
Because I think a lot of times,you know, the Fed has been
called kind of a magician, andsometimes they'll say things and
(17:48):
try to message the you know, domessaging to try to, you know,
basically sway the markets orsway, you know, because the
global markets are watching whatwe do with the Fed, the Fed
rate.
So there are major implicationsall across the globe for this
stuff.
So I'm not even going to try topretend to be a subject matter
(18:11):
expert on this, but I'mdefinitely, you know, down to
learn and talk and basically,yeah, like, try to encourage
other people to learn as well.
Speaker 7 (18:22):
So, breaking up Barney style, down the re with
the whole Federal Reserve andall that interest Rate and all
that stuff, they're attemptingTo do the same thing as A
stimulus check, except, insteadof Helping us, they're they're
trying to encourage us To spendmore money, probably so that we
(18:44):
can send more money over toUkraine.
Speaker 6 (18:49):
Yeah, I mean.
The thing is the Fed issupposed to be nonpolitical.
They're not supposed to makeany of their decisions based off
of the policy.
Speaker 7 (18:57):
That's like the FBI.
Speaker 6 (18:59):
Yeah.
Yeah so as far as how much theyactually do with that.
That's one of those thingswhere history will be the judge
of how well they stayed out ofpolitics or were they into
politics.
So, yeah, that's definitely.
You know, it's all a smoke showa lot of times, but you know,
(19:23):
like I said, if, if the world iswatching, then hopefully what
we said today and and or whatthey announced, um, actually
does good for the global economy, but for the, for the American
economy.
You know, that's what mostpeople care about.
Like they could, they couldcare less about the global
economy.
So, and that's perfectly valid,because obviously we are
America, we want to, we want tolook out for America, right.
(19:46):
So, and that's perfectly valid,because obviously we are
America, we want to, we want tolook out for America, right.
So, um, so yeah, it's, it's adelicate band, a delicate dance,
but um, um, but yeah, so we'll,we'll keep the conversation
going.
Um, let's jump into a, uh, amusic break.
I really liked this, andrewRoborow, is that how you say it?
Break?
I really like this, andrewRoborow, is that?
Speaker 7 (20:06):
how you say it, I'm worse than Swedish chef.
Speaker 6 (20:08):
Don't ask me, I'll butcher it more All right, so
we're going to listen to a songby Andrew Roborow called Bleed,
red, white and Blue.
I really like this song, sohere we go.
Speaker 7 (20:21):
And we will be right back.
Speaker 8 (20:24):
You listen and we will be right back, you listen.
Been 10 years since I'd seenhis face.
Not much had changed, just adifferent time, different place.
(20:47):
When I shook his hand, I knewsomething had changed.
This was a different man fromthe one I knew back then.
Speaker 9 (21:09):
That's when it said we do the goals.
Yes, I stand in line.
Speaker 8 (21:17):
And watch the flag wave and drag.
Speaker 9 (21:22):
You see, this is what I do.
Yes, I bleed Red white and blue.
Speaker 8 (21:36):
He told me the tales Of his journeys far away, three
times gone, and land most onlyseen on the front page with
honor and glory.
(21:57):
He stood so tall and fought foryou and I so we could be free
From it all.
Speaker 9 (22:12):
That's when he said we do the goals.
Yes, I Stare on the line.
Speaker 8 (22:20):
And watch the flag Wail, the pride.
Speaker 9 (22:25):
You see, this is what I do.
Yes, I bleed.
Red, white and blue when dutycalls.
Yes, I stand in line and watchthe flag wheel be brang to the
coast.
Yes, I stand in line and watchthem weep and pray.
(22:48):
You see, this is what I do.
Yes, I bleed.
This is what I do.
Yes, I bleed.
Oh, this is what I do.
Yes, I do.
Oh, this is what I do.
Yes, I do.
Speaker 4 (23:36):
Little I know We'll be right back.
Program are those of thespeakers and do not necessarily
reflect the views or positionsof any entities they represent
find us on the web at mbradious.
Speaker 6 (23:54):
All right, we are back.
This is Money in the Militaryand my name is Joey.
I have H in the background.
He's running the ones and twosthe sound and providing some
commentary.
Also, we're just kind ofchatting about the Federal
Reserve rate cut and just theimplications and all that, and
(24:15):
you know just having some goodconversation about that.
What's going on?
Speaker 7 (24:19):
Well, I was just going to say you know the other
thing that we was going to talka little bit is you know another
segment.
What's trending right now is itsays that jobless claims at the
four-month low.
Weekly jobless claims droppedtheir lowest level in four
months, significantly continuedstrength in the labor market.
(24:44):
However, there are concernsabout potential disruptions from
labor strikes, such as Boeingfurloughs of employees.
Well, I can tell you Boeingthey're in a financial thing
because of safety, especiallysince people like to kill other
people Boeing furlough ofemployees due to a machinist
(25:06):
strike, which could increaseclaims in the coming week, and
that's provided by Yahoo Finance.
Yeah, I don't understand whythey you know, like the
president, right now that's inposition.
I don't know how they can bragabout how, like, the job force
(25:26):
is like so strong because youguys did this, Like we closed
many businesses and manypersonal businesses.
It's kind of like if you have ahose full of water and you're
bending it okay and like nowater's coming out, right, but
then when you release that hose,wow, all that water is coming
(25:47):
out.
Oh look, I made it rain.
No, you didn't.
All you did was let everybodygo back to work, so you didn't
really create anything.
It's just nice on paper, butit's not.
You know, my wallet doesn'tfeel it.
I don't care what it says onpaper, my wallet doesn't feel it
(26:12):
.
So that's the way that I lookat that, or am I wrong, joe?
Speaker 6 (26:16):
Well, I think you know, if you look at, you know,
like the, the jobless claimsover a period of time, you
probably can see differenttrends.
You know this is a four monthperiod, so that's just a four
month snapshot of time.
So that's where, like, the Fedcomes in and looks at the trends
(26:39):
of the jobless rates and youknow, like, if, if they're
starting to increase, thenobviously that's a sign that the
economy is is going to is goingto start not doing so well, so
if they're indicating thatthey're going to be more job,
jobless claims, then that's athat's not a good sign.
Speaker 7 (26:59):
So, and I see, a lot of people doing these tech talks
.
Have you ever heard and Ididn't know about this, but this
is very true Did you have youever heard of ghost jobs?
Ghost jobs to where they put apost on, like Craigslist or
indeed, or something, trying toget these people to to go for
(27:22):
these higher jobs, so they knowwhich employees are on the
bubble and then when thesepeople apply for these other
jobs, they kind of give theseother people that are below you
know, new hires these Jobs, justso that they Don't have to To
(27:45):
increase the wages Of employeesthat have been there for a long
time.
Speaker 6 (27:51):
Hmm, I think I have Vaguely remember hearing about
this, but yeah, I mean.
Speaker 7 (27:57):
There's not just one company.
A lot of companies are doingthat.
Speaker 9 (28:01):
And.
Speaker 7 (28:02):
I, you know I'm not going to throw anybody on under
the bus, but like today I wassomewhere and I was kind of
hearing you know eavesdropping,whatever you want to call it.
But I was kind of listening tothis meeting and this guy was
like, oh yeah, just, you know,we just need to make sure to put
them through the hoops a littlebit so that they focus on, you
(28:26):
know, doing this part instead ofthis part.
And I'm like, wow, that's,that's knieving as shit.
Speaker 6 (28:34):
Hmm, yeah, yeah, there's some pretty, pretty
shady stuff going on in theindustry, or in a lot of
industries, and I think there'sa lot of Monte Carlo, like the
shifting of jobs to, yeah, likeyou're saying, these ghost jobs
Are companies trying to rig thesystem a little bit, you know,
(28:57):
and and trying to, um, you know,like make make their company
look either more profitable thanthey are or they're trying to,
maybe even they're trying tojuice the numbers, you know, to
make it seem like they're hiringX amount of people because they
have all these job postings upthere.
So, yeah, there's a.
There's a lot of really shadystuff going on there, for sure,
(29:17):
that's just sad that really is,especially with everything that
is that's going on.
Speaker 7 (29:24):
But you know, we can sit here and complain all about
it all the time, but nothing'sgoing to do it.
You know it's not.
And we're kind of guilty too.
I mean, I don't know how manypeople like go on the side of
the road and see people, youknow, with sign, hey, blah, blah
.
You know, yeah, we're.
We're kind of like those peopleand we're asking, uh, these
(29:46):
people that are driving up,which is like you know, the
government or the outsidesociety, hey, please help it.
And they're just looking at uslike, yeah, you know what?
Whatever, you know, get a job.
Hello, I'm trying to get a job,you know.
And then the the smart thing Idon't know if you have it there
in tennessee, but here incolorado there's a lot of people
(30:10):
using like, uh, squirt bottlesor water and they're using like
squeegees, trying to do, youknow, kind of like in new york,
where they're like, hey, let mewash your windows, you know kind
of thing, you know, or they'reselling roses.
Speaker 6 (30:23):
I mean, at least they're attempting to do
something yeah, yeah, and Ihonestly I'm kind of, um, I'm
starting to get a little worriedabout um, how much ai is going
to start uh, taking some ofthese other jobs too, like the,
the, the lower level jobs, the,the type of jobs that can be
done, you know, used to be like.
(30:44):
You know, people putting ininformation into a computer,
like that used to be a job Likewell, now you don't have that,
you know let me kind of calmpeople's nerves about that,
because even though AI is great,there's a lot of bugs with AI
still Okay.
Speaker 7 (31:03):
For example, just so everybody knows, if you ever do
AI like a picture or something,AI does not know how to spell.
Okay, so that's the first thingwe we know this Okay.
And then for some reason, aidoesn't realize that we have
five fingers, not seven.
(31:24):
Okay so, yeah so those are thetwo things.
So I I think, ultimately, eventhough AI is going to help and
maybe take away from people,you're still going to need
people You're still going toneed.
You're still going to needpeople to kind of like Fix it or
, you know, tip it off, you knowkind of thing.
(31:44):
Look at computers.
We thought computers Was oh, Igot a blu-ray player.
I'm going to have this for thewhole, my whole Life.
We have millennials right now.
What the hell is a blu-rayplayer?
Speaker 6 (31:59):
you know, because we we've expanded that yeah, yeah
and and I mean it's, it's, it'sa.
You know, like I was thinkingabout this, the other day I
found a bunch of my old blu-raysspeaking of that, and you know,
I have a blu-ray player.
But you know, um, but there'sactually a growing movement of
people who, because it's so hardto find some movies and stuff
(32:23):
online, and then, even if youbuy them digitally, you don't
truly own them because thatcompany can just go under and
then you have nothing, whereasyou have a DVD or a Blu-ray.
Then you have the physical, youknow, the physical copy of the
of the movie.
You own the movie in that sense, um, so I think there's
actually a movement towards, um,having those physical assets,
(32:46):
which is kind of funny becausewe've gotten so used to
on-demand streaming and neverreally owning anything.
You know, um, so that's kind ofan interesting, just the social
thing that I've noticed, uh, um, that that there's a you know.
So that's kind of aninteresting, just the social
thing that I've noticed, thatthat that there's a.
You know like there's a big pushfor for records.
You know, record sales havebeen through the roof lately
(33:08):
over the past couple of yearsbecause people like it's like,
it's like they're going againstthe grain of like.
Instead of being all digital,like, they want analog, you know
like, because it's, becauseit's tactile, it's, it's like a
book instead of an e-book.
People like still like a, aphysical item, you know um.
So I think in that sense, yeah,ai is here to stay, but it's,
(33:30):
it's not gonna like, it's notgonna change, change a whole lot
, but um, but yeah, with that,with that being said, we're
going to take another quickbreak.
Um, we're going to listen to.
Speaker 7 (33:42):
Let's see and then, and uh, so that that song that
we played, uh that was andrewrossborough.
Uh, he sings that.
Um, he was.
It's a friend of mine from highschool, so it was kind of it
was kind of it was kind of itwas kind of it was kind of cool.
You know what I'll?
I'll play a song.
We're not going to play the, thechemistry club thing, we're
(34:05):
going to play this nonprofit.
That is a fantastic nonprofitand you know, if you're a
veteran out there and you don'ttake anything from any of these
shows, keep an eye on thenon-profits.
Maybe your outlet might not beskiing, or maybe your outlet
(34:29):
might not be radio, maybe itmight be horses or even planting
.
There's so many things outthere.
If you haven't found yourpurpose, if you haven't, if you
haven't found your purpose, ifyou haven't found your outlet
and reach out to us, we'lldefinitely put you to work, get
you doing something, because, nomatter what, when you're doing
(34:49):
something for other people, itjust makes you feel good.
So, with that being said, well,like Joey said, said, we're
going to go on A music break andwhen we come back we're going
to be talking.
It looks like we're going to betalking about the housing
market a little bit, unless Joeyhas something Other than that
(35:10):
to speak of.
So, whatever you do, stay withus, don't go away.
You're listening to the stationthat's giving veterans a voice.
You're listening to NBR Moneyin giving veterans a voice.
You're listening to NBR Moneyin the Military.
Speaker 10 (35:20):
Stats tell that each day, 22 veterans commit suicide
due to PTSD.
These stats shook us and urgedus to do our part.
After hours and hours ofthinking, beekeeping for
Veterans was born.
Beekeeping for Veteranscombines beekeeping with
mindfulness meditation.
Why combine them?
(35:41):
Here's why Beekeeping causespositive rush of adrenaline.
While beekeeping, you have tobe calm.
During it, you are mindful ofyour movements.
Each week, a veteran willreceive a mindful meditation to
build emotional and mental skillsets.
Mindfulness is a set of threeattentional skills that work
(36:01):
together Concentration, sensoryclarity and equanimity.
Mental calmness, composure,evenness of temper.
Every time mindfulness ispracticed, we build these skills
.
Beekeeping for veterans notonly helps veterans overcome
emotional trauma, but also aidsour environment, as without bees
, there is no food.
(36:22):
Come forward.
Speaker 4 (36:24):
The people who have supported your country now need
your support military broadcastradio, the station that's giving
veterans a voice find us on theweb at mbradious opinions
(36:44):
expressed in this program arethose of the speakers and do not
necessarily reflect the viewsor positions of any entities
they represent find us on theweb at mbradious all right, we
are back.
Speaker 6 (37:00):
This is money in the military.
Uh, just want to shout out.
We have eight people watchingon mbr talk on x, so that's
pretty cool.
Um, shout out to you guyswatching on x.
Um, you know, jump in thestream and Give us a shout If
you want.
Speaker 7 (37:19):
I'm thinking because, for like the longest time I was
wondering.
So we're on Roku and there'snot really a thing On here that
Says anything about like Roku oranything.
I think Roku is taking thecount and putting it into
(37:41):
twitter or x, whatever you wantto call it.
Uh, because I've been ontwitter all day.
Literally nobody's on thereexcept political stuff.
So I'm pretty sure that's roku.
But Okay, all right.
So I saw this article in YahooFinance.
(38:03):
Go figure, housing market isstruggling.
Despite the declining mortgagerates, the house market remains
sluggish due to persistency.
High home prices, exceptexisting home sales, fell two
and a half in August, with themedian price hitting record For
(38:26):
August at $416,700.
Lower borrowing costs Mightspur demand, but supplies
constraints continue To pressurethe market.
What I want to know is you knowthere's so many of these like
little homes.
You know that they've made.
You know you can buy one ofthose like home things At Home
(38:47):
Depot or those 3D market homes.
My question is you know, whydon't they smarten up and
realize that?
You know, why don't theysmarten up and realize that you
know not everybody can affordthese $700,000, $800,000 homes?
Why don't they start makinglike affordable houses, like
(39:08):
let's go, let's try to tweak itback into the 80s or the 70s or
the 90s or the 70s or the 90sand let's Try to make affordable
budgeting Houses like less than$80,000 For a house, because
that's how much my dad paid forhis In Indiana.
(39:31):
I don't understand that.
I understand why builders Wantto Build these big houses for
big profits, but it doesn't doany good if you're using drywall
for the whole damn house.
Speaker 6 (39:48):
Yeah, no, that's a great point and, I think,
something that a lot of people,especially as I think most
people are really realistically,they only need a smaller, uh,
smaller house.
You know they they only needlike a, in some cases, maybe a
two bedroom, one, one bath house, or two bed, two bath houses,
(40:09):
if as a starter home, um, andmaybe a three bed, two bath, um,
you know, if you're a youngfamily and then as you get
bigger, maybe you get a biggerhouse.
But yeah, I think you bring up agreat point that I think people
don't necessarily want thesegiant houses anymore, and I
think that's part of the reasonwhy you know some of these.
(40:30):
You know the market is shifting, you know, but the builders are
not.
They're not necessarilyadjusting with the times, and I
think that's that's part ofwhere there's going to be like a
little bit of a clash, whereyou know, like the market wants
one thing, but then the buildersare saying, okay, well, this is
how we've been doing things forthe last 30, 40, 50 years and
(40:53):
they're probably more resistantto change, whereas there are
some companies that are building, like you said, those 3D
printing houses and moreeconomical building practices.
So there is some movementtowards that and then like the
tiny home movement.
Speaker 7 (41:11):
I don't know how sustainable the tiny housing
industry is, but I know thatWell, it must not be that much,
because when I go down thestreet I haven't seen a damn
tiny house.
I see that shit, the internet,or tiktok.
Speaker 6 (41:21):
So it must be too popular I actually looked into
tiny houses, um, for a littlewhile there and the problem with
that is um is the, the buildingcodes.
So a lot of, a lot of um,localities are not, they're not,
they're not built, they're notzoned for like small houses,
they have to be like a certainlot size.
(41:42):
So I think that's one of theissues that I've come across.
And then, like when the onesthat are built on wheels,
they're technically labeled asRVs and like you can finance
them as RVs, you can get theminsured as RVs, but it requires
a truck usually to to haul andmove around and stuff and then
(42:05):
you know it's.
It's essentially an RV on ahouse on wheels and there's just
the infrastructure just isn'treally there to to kind of
facilitate mass adoption ofthese tiny homes.
So it would require and thereare some companies and builders
that are trying to build likelittle tiny house communities
that I've seen, but those are-.
Speaker 7 (42:28):
Yeah, those are turning into cults.
Speaker 6 (42:30):
Let's just call it what it is, okay, well, yeah
like they're really communityreally a community based,
communal based, and I've seensome.
There's actually one inTennessee that I was curious
about to kind of drive throughit, but I don't know if there's
anyone actually living in them,but but I know there have been
some.
I think there was one in inGeorgia, that is that is coming
(42:51):
up, that that is kind of liketrying to, you know, like you
said, trying to, uh trying toprovide more affordable housing,
you know, but then a smallerspace which, uh, you know, which
is probably easier to build andfaster to build too.
So we could theoretically get,you know, more people, um, in,
at least at least people, atleast the homeless population,
(43:12):
get them out of the streets, butum, well they're, they're the
housing residential is reallyreally hitting hard on hoas you
know, they're not.
Speaker 7 (43:25):
They're not so much paying anymore.
And so you know, the normalperson will buy an apartment.
All they have to do is worryabout the apartment.
Well, now you know they're.
They're creating these HOAs andhaving these clubhouses and
these swimming and all this.
Like I know a guy that justbought a townhome.
(43:48):
His mortgage payment is $5,000a month, which is crazy, and
then he has to pay $ and somedollars for hoa.
I mean that alone.
If that doesn't spell cult, Idon't know what does.
But if you're in a house andyou're not paying the hoa, I'm
(44:09):
going to tell you right now stayput yeah, don't get greedy.
You know, we Learned in themilitary joy that it Doesn't
matter how big your house is.
When you move from one roomthat's small To a bigger room,
what happens?
You just Accumulate more shit.
(44:30):
That's all that Happens.
Absolutely a bigger house.
Nothing's going nothing.
Nothing's going To changeexcept change, except bigger
stuff.
And then when you move to asmaller, then you're forced to
get a U-Haul or a shed orsomething like that.
That's the biggest thing.
When I first got married, I hadthis house and my house paid
(44:57):
off and my house, you know my mywife kept telling me oh, we
want a bigger house, we want abigger house.
I'm like you know what I tellyou not to be rude or anything,
because you know I got TBI.
I have no filter.
But until you pop out a kid andwe have to worry about, like
(45:18):
School district or you knowdifferent school zones and stuff
, we're good right now, you know.
A two bedroom.
Well, I made this in a fourbedroom, but a two bedroom Like
two bath house Is plenty big Fora newlywed.
Yeah, and like when I bought myhouse, I bought my on a va
(45:43):
foreclosure.
You can actually go on awebsite they have like a va
foreclosure website to where youknow you can use your va loan
and you can buy a foreclosure.
I bought my house for a hundredthousand in like 2008 nice, so
you bought at the right time,for sure I, I bought on the
(46:05):
bubble, I bought on the bubbleyes exactly well, I don't have a
bubble.
I got a fix right, but you knowwhen the bubble was yeah really,
you know they were like oh, lowincome families.
Let's do you on his bubble,everything will be OK.
Don't worry about that.
You know, kind of like, whatthey're doing here.
I'm telling you everybody isall happy about this, this, this
(46:29):
rate decrease, but I think it'sjust going to put us in a
bigger hole, in a bigger hole.
Speaker 6 (46:36):
Yeah, I mean, I definitely agree there's a lot
to be concerned about, and Ithink the concerns Of a
recession are Not.
Speaker 7 (46:45):
We're already in a recession right now.
I don't care what anybody says.
We've been in a recession since2009.
I don't care what anybody says.
We've been in a recession since2009.
And what Makes it even worse?
Let's talk about 9-11.
Since 9-11 came and passed, butout of all the airlines, which
(47:09):
airline is doing free bags?
Only one, right.
Why are they the only onesdoing free bags?
And like they've changed it tolike assigned seating.
Nothing's changed.
When you go to businesses, hey,I want a donation, blah, blah,
blah.
You know their story is alwaysoh, you know, times are tough,
(47:31):
blah, blah, blah.
Well, tell me, if times aretough, then why?
On your taxes, or whatever theycall it, why are their income?
What's the proper name for that?
Joey, they get that.
(47:54):
What word am I looking for?
What word am I looking for,gosh?
I can't remember the word I'mlooking for, but basically,
their income is more than theiroutcome.
Yeah, okay Do you know what I'msaying.
Like the profit margins theirprofit margins are higher Now.
(48:19):
Margins their profit marginsare higher, yeah, now their
profit margins are higher, yeah.
Why is that?
We are in a recession?
Because companies are gettinggreedy and the top people aren't
saying anything because it'snot affecting them.
Nobody gives a shit if itdoesn't affect them.
(48:42):
That's just how it is.
That's how life is.
Speaker 6 (48:45):
Yeah, yeah, the people that are at the top, yeah
, like you said, they're notworried about it because, um,
they're, they're getting thebenefits you know the CEO is
making, you know, a hundredtimes more, 200 times more than
the the lowest paid worker.
So, yeah, there's a lot ofincome inequality and and and uh
um, disparity there.
(49:06):
That that uh is is reallyrampant and you know.
And then at the bottom of thepeople at the ground floor are
the ones that are suffering, youknow.
So it's really frustrating,yeah, when you see the CEOs
making, you know, multi-hundredmillion dollar packages of, like
, award packages and you knowthey can't even raise their,
(49:29):
their uh, employees, the lowestemployees wages, you know, or
something like that.
Speaker 7 (49:33):
So well, the unfortunate part and this is
just how it is, joey, you don'tyou don't have to tell me how
much you make, but the averageAmerican right now they do not
feel that they can work a jobFor less than $22 an hour Right
now.
So if we, as a person, feelthat we're not working for less
(49:59):
Than $22 an hour, guess what?
Everybody's thinking that samething.
So if you're on social securityor you're on VA and they got
that cola or you know, you getsome kind of stipend and you get
a raise.
Guess what?
That raise is not good becauseeverything else is going to go
up.
That's the reason why you'regetting that raise.
(50:20):
So whenever you're all excitedbecause you're getting a raise,
you're not really getting theraise, you're just, you're just
helping the government inflatedeven more.
You know, one thing I would doif, if I was in that, if I was
in that chair, is I would belike you know what?
Let's just let's, let's juststop everything and, you know,
(50:48):
tear everything down to thefoundation, everything down to
the foundation, meaning thatlook, you know these tax cuts
that we're talking about.
Instead of we're giving taxcuts to businesses to improve
businesses, why don't we do thetax cuts to?
Okay, you know what Businesses.
Why don't we do the tax Cuts to?
Okay, you know what this is,how much inventory Is of product
(51:11):
and the government Sends allthese stores Different stimulus
checks On.
You know different Americanproducts.
Let them keep track of theSales.
Let the people go in.
You know, oh, bread Bread istwo bucks.
Again, it's two bucks to theconsumer, right, it's more to
(51:35):
the company.
But the company is kind ofgetting that bail out, that,
that, that inflation, that costto the united states.
I don't know how they would doit because I'm not that smart,
but I think that I really thinkthat would help.
Speaker 6 (51:51):
Yeah, yeah, I mean, it sounds like you know you're
not giving yourself enoughcredit.
You sound very well versed in alot of this stuff, so you know
you're not giving yourselfenough credit.
Man, You're more well versedthan a lot of people I talk to,
so don't sell yourself shortthere.
Speaker 7 (52:09):
Well, I don't control my own finances, va, so I don't
know how much.
Maybe I'm all talk and notenough brains on actually
executing, but that's what Iwould do, well.
Speaker 6 (52:22):
I mean, I think you highlight really what the pulse
of most people that are inamerica right now are feeling.
You know it's like you knowthey they might talk.
You know, at the at the higherlevel, talk about how great the
economy is, but is it reallythat great if people are having
to work three, four jobs?
Speaker 7 (52:40):
you know, like it's, it doesn't seem like that, you
know so is it really that greatif we have a candidate getting
two assassination attempts?
I can't remember in history acandidate maybe a president, but
a candidate getting twoattempts on them.
(53:00):
I mean that's just crazy.
It just shows you how society,how emotional everybody is right
now.
But you know, keep in mind, 90%of Americans are on some kind
of Ritalin or some kind ofmental medicine.
So when you go to work tomorrowand it's Friday and you're
(53:22):
having a bad day, just rememberthey're probably taking PTSD
meds too.
Speaker 6 (53:27):
Yeah, yeah, man, that's so.
Yeah, that's man, that's,that's, that's so true, that's
so true.
But, uh, you know, hopefully,by talking about this kind of
stuff and putting an out thereand and you know, like we're,
we're two veterans, you know,we're, we, we have, we come from
probably different walks oflife, but we've both, we've both
signed the dotted line.
We've, we've sacrificed for ourcountry and you know, our
(53:50):
voices are valid and ouropinions are valid and I think
people should be taking this toheart, you know, and and the,
the people that make thedecisions, hopefully we'll, you
know this will propagate out toenough people and we and and
there'll be like okay, yeah,these talking points are great,
but what are you actually doing?
What are you doing to help theveteran community?
(54:10):
What are you doing to help thesmall business community?
So, yeah, I mean, I love whatyou're saying and I mean,
obviously, like I said, you knowwhat you're talking about.
Speaker 7 (54:25):
We need.
I'm not going to say that weneed young blood.
What I'm going to say is thatwe need Political people in
Seats that don't Talk.
They execute.
That's what it is.
I'm so tired of People talking,don't Talk, execute.
When we find somebody that Iswilling to execute, things will
(54:51):
get done.
Talking, sending emails out youknow stuff like that, me and
you talked about this in thepast but we need people to
execute.
We need people to know whatthey're talking about and then
to execute and give everybodyelse a plan, because I mean,
(55:13):
look, there's such thing calledmidget wrestling and I don't
follow midget wrestling, butthere's people that do follow
midget wrestling because theysupport it.
Maybe they have, you know,little people in their family.
I don't, so that's the reasonwhy I don't really, you know,
support it.
We need people that it affectswe.
Speaker 6 (55:34):
We need somebody in the presidency that lived off
oatmeal and watch cartoons onsaturday morning yeah, yeah,
yeah, like a real, a real person, you know, like a real, just a
somebody that had, you know like, um, yeah, like you we grew up
(55:54):
with, you know, saturday morningcartoons, eating our bowl of
cereal and you know, and justenjoying life.
You know it was.
It was a much simpler time.
We didn't have tablets andstreaming and all this other
stuff, so it was a much simplertime.
But I hope we can get back tothat.
At least I felt like in thattime, at least in my life, I
(56:17):
felt like there was more senseof community, there was more
sense of togetherness and familyand all this stuff.
So that's kind of what I'd liketo.
I'd like to really foster that.
You know, that, that mentalityagain of of just, you know,
bringing people together, youknow.
So hopefully we can do that andI think we're doing that with
MBR, where you know we're, we're, we, our little family is
(56:40):
growing and and just reallysupportive and I just love that
and you know, like I love I just, you know, know I keep, I talk
about you all the time but, man,like the things that you do
behind the scenes and even justjumping on my stream, like my,
my guests had to reschedule andthen you were like, yeah, man,
I'm gonna jump on it, and I'mlike you're trying not to take
over your damn show.
Speaker 7 (56:59):
No, you're good man you're good.
Speaker 6 (57:03):
I wouldn't be here without you, man, so I I owe you
everything, man no, no, no, no.
Speaker 7 (57:07):
You guys are the backbone, you know, and I tell
you what we we didn't bring itup because I a little busy, but
into the weeds podcast, uh,amber and alora, wow, they do an
amazing job.
They've got some great guestscoming up soon.
Check them out every sunday at6 p Eastern Standard Time.
(57:28):
I hope I got that time right,but we have so many amazing
guests.
You know, I got an email todaytalking about you know a veteran
story and like that whole thing.
They're going to be on like 30shows and out of the 30 shows,
people are going to payattention.
Speaker 6 (57:47):
Yeah, yeah, yeah, shows, and out of the 30 shows,
people are going to payattention.
Yeah, yeah, yeah, and and Imean, like I said, you you've
created or you've, you've moldedthis mbr family into an amazing
thing and I think it's it'sjust going to keep growing and
keep keep.
Uh, you know, like all thedifferent voices that you're
putting out there, you'rehelping put out there, you know,
(58:08):
and I hope, if there's anyveterans listening, that they
want to join the team and they,you know, like we want
everyone's voice, everyveteran's voice, out there, you
know.
So, yeah, that's my pitch forMBR.
Joel, just thank you so much foreverything that you do and have
(58:28):
done and will continue to do.
I know your heart is justoverflowing with this stuff, so
just appreciate everything and Ithink, yeah, that's going to be
it for the stream we're goingto play ourselves out and thank
you for watching.
We have nine people watchingsupposedly, so that's cool, um,
(58:51):
so thanks again.
Thanks, joel, um, problem,catch you guys on the next
stream, all right and we willsee you guys next thursday.
Speaker 7 (58:59):
Same bat time, same bat channel.
Stay tuned.
Speaker 2 (59:03):
Oscar mike radio is next ladies and gentlemen, thank
you for tuning in to MilitaryBroadcast Radio.
As we wrap up today's show, wewant to remind you that the
podcast of today's episode willbe available right after we go
off the air, so if you missedany part of the show or want to
(59:26):
listen again, be sure to checkit out.
And remember we're here tosupport and honor our veterans.
Your stories and experiencesmatter, and we are committed to
giving you a platform to sharethem.
That's right.
We're here to give our veteransa voice, so don't forget to
(59:49):
catch the podcast and stayconnected with us Giving our
veterans a voice.
and performance in the field.
Our armor bundles provideunmatched safety and comfort,
while our battle belts andholsters ensure quick and easy
access to your gear.
Stay prepared for any situationwith our high-quality medical
supplies designed to keep youready for action at all times.
Looking to enhance your skills,Our firearms training programs
(00:21):
will take your proficiency tothe next level.
Trust LT Defense for all yourtactical gear needs and gear up
for success on the battlefield.
Speaker 2 (00:29):
Military Broadcast Radio, the station that's giving
veterans a voice.
Find us on the web at mbradious.
Speaker 4 (00:39):
Opinions.
Speaker 5 (00:40):
This entire military is one cohesive, dedicated force
.
And the threats to our nations.
They don't sleep.
They're watching our every move.
Iran, russia, china, northKorea, isis, al Qaeda they may
be watching this right now.
Our military should not bemistaken for our cable news gab
(01:05):
fest show.
We don't care what you looklike.
You don't care who you votedfor, who you worship, what you
worship, who you love.
It doesn't matter if your dadleft you millions when he died
or if you knew who your fatherwas.
We have been honed into amachine of lethal moving parts
that you would be wise to avoid.
(01:27):
If you know what's good for you, we will not be intimidated.
We will not back down.
We don't want war, but if youwant war with the United States
of America, there's one thing Ican promise you, so help me God,
someone else will raise yoursons and daughters.
Speaker 4 (01:52):
Opinions expressed in this program are those of the
speakers and do not necessarilyreflect the views or positions
of any entities they represent.
Find us on the web at mbradious.
Hello welcome.
Speaker 6 (02:10):
My name is joey and I am the host of the new my name
is military show.
All right, hey, actually, uhsorry, h uh, I need to.
I need to do a new intro.
Speaker 7 (02:23):
Okay.
Speaker 6 (02:24):
Yeah, so I usually just kind of skip past that
intro because it's really hardto hear.
Speaker 7 (02:29):
All right, well, you know, I'll fix that here.
Ladies and gentlemen,broadcasting from Tennessee Joey
Lassley, aka the FIO SocialWorker.
Speaker 6 (02:43):
Wow, I'm not used to that level of excitement when I
jump on the stream.
Oh man, all right.
Well, thank you for that.
Rousing intro from H Joel isrunning the ones and twos behind
the scenes and we're going tohave a little bit of chat about
some financial topics.
(03:04):
But ultimately we're going towe're going to have a little bit
of chat about some somefinancial topics, but ultimately
, you know, we're going to we'regoing to talk about a few
different things.
We're going to talk about theFed rate cut or the interest
rate cut and, you know, justtalk about some some trending
topics that are going on in inthe world of finance.
So, just, so, just.
This is money in the military.
I'm a certified financialsocial worker.
(03:25):
I was in the Air Force for 14years and then I paid off
$20,000 of debt while I wasactive duty within three years
as an E3.
So that's kind of like.
I got really into personalfinance and so I've been really
passionate about that ever since, and that was 10, 12 years ago
(03:45):
now.
Since then I became a socialworker.
Now I'm a certified financialsocial worker.
We get into dealing withfinances but then also dealing
with the psychology behindfinances, the mental side of
things.
So that's kind of where I'm atnow, and I got hooked up with
(04:09):
MBR back in when they firstannounced the launch of this
endeavor, or at least when theVA had their newsletter back in
January.
January, january, yes, so it'sbeen a good time's been part of
a good time it's been a greattime.
(04:29):
Man like, uh, you know, just,the team that you've built, joel
, has just been amazing.
We've got like what, 40, 40podcasts it's.
Speaker 7 (04:36):
You guys are amazing, you guys are the backbone.
I'm just here to facilitate.
You guys are amazing.
But you know, hey, I tell youwhat.
Let's jump into this Now, joey.
We've got some segments and somestuff that We've pulled up off
trending, and the one thing thatI've Learned from radio For me
(04:58):
is, with all this mumbo jumbo,like I don't, I don't understand
this.
I know a lot of people probablydon't understand all this money
and stuff and what.
What you need to explain to me,you know, break it down to me
kind of like, talk to me likeI'm a kindergartner, okay, is
(05:19):
how is this going to affect me?
You know cause, as soon as Isaw this news, the first thing
that I did was okay, well, youknow, I, I know that I had 50
cents in coinbase at one time.
You know, is it gonna?
Am I gonna see any results?
No, uh, robin hood, I know thatI've got like I thought it was.
I thought it was big at the time.
(05:40):
Uh, I put like 250 dollars inand then I was paying $50 a
month with Robin Hood doingSouthwest Airlines.
Well, that was a flop.
So you know, I'm lucky if I'vegot like $200 in there now.
So when I see this, this thingfederal, you know, and there's
(06:06):
other things, but this is likethe top story.
Break it down to me, joey, likeI'm a single soldier living in
the barracks.
Why should I give a shit aboutthis?
Speaker 6 (06:20):
Yeah, I mean that's a great jumping off point.
I mean that's a great jumpingoff point.
You actually asked me earlierabout this and I was like,
because I'm into the personalside of finance but when you get
into the federal side offinances you almost have to have
an economics degree to be ableto talk eloquently about that.
(06:41):
But in preparing for this afteryou had recommended it, I did a
little bit of research and Istarted kind of relearning some
of this stuff because you know,the thing about finance is that
it's a very broad field andthere's so many specialties and
subspecialties and everything.
(07:01):
So yeah, I kind of wanted to doa look, a little bit of
breakdown of kind of what theFederal Reserve is.
I watched some videos to kindof refresh.
But ultimately the FederalReserve is like they're like the
big centralized bank for otherbanks.
So part of what happened in theI think it was 1917 or 1913,
(07:26):
before the Federal Reserve wascreated you'd have all these
independent banks, you know, andthey were just like they were
just private businesses thatwould lend out money and then
you remember the movie Big Shortand I was waiting for that shit
to happen again, literally.
Speaker 7 (07:48):
Because, it even says in the credits after the movie
the Big Short, that the samething is happening all over
again.
And the reason why the samething is happening all over
again is, I guess, because whenObama was president.
Is I guess because when Obamawas president, like he bailed
everybody out but he didn't setrules and regulations to counter
(08:09):
so that it wouldn't ever happenagain.
So we're in that same boat andyou know, once again it's hard
to put all that on a presidentwhen he doesn't really know the
financial status or like theloop in the system.
Uh, so you know, that's, that'smilk.
You know we can't go back tothat right but you know, I don't
(08:34):
know if they can fix that now.
I don't know if they establishthose rules and boundaries that
he was talking about.
I don't know if that would makea difference now or not.
Speaker 6 (08:44):
Right, yeah, and I think we're so far removed from
that scenario that we've kind oflost our memory of it.
And we do have the potential ofrepeating some of those same
mistakes, and a lot of peopleare looking at the housing
market as being overinflated.
And a lot of people that arelooking at houses they're that's
(09:04):
legit, this legit.
You know, like the houses, thethe market, it may not be as
overinflated as it was in 2007,2008, but it's still.
You know, you, you go talk to arealtor, you go talk to
somebody looking at a house andthey're telling you that it's,
it's, it's overinflated.
Speaker 7 (09:19):
So right and and from what I understand, from what
you're saying, is they'rethinking that if they lower the
interest rate by a bunch, thatthey can put more people to work
, because it will be less likeconstruction, because if the
(09:42):
construction, if they make itlower, then more people will.
Oh okay, I'm going to beautifyit and all that stuff.
Speaker 6 (09:53):
Yeah, yeah, yeah, basically the idea behind
lowering the rates is to kind ofincentivize people to buy,
because if the mortgage ratesstart to go down which they
estimate that they'll go belowsix, but I don't know by how
much so in theory, if you know,mortgage rates are a little bit
(10:14):
more enticing than it might, itmight actually encourage people
to buy houses more, and you know, and so that's kind of the
theory behind that.
And then you know it's likethere's like all these spinning
plates with the economy and youknow what the Federal Reserve is
trying to do is trying tobalance a lot of these spinning
plates by by controlling theinterest rates of the whole
(10:36):
market.
You know, so it's it's a big,it's a big task and there's a
lot of, a lot of moving parts.
You know, like they're lookingat unemployment, they're looking
at, you know, the housingmarkets, the stock market and
just the overall pulse of theeconomy, you know.
So, yeah, I mean it's a, it's avery, it's a very delicate
(10:59):
balance.
And you know, sometimes it's oneof those things that you don't
know how good or bad it wasuntil you know, historically,
you start to, you know, analyzeit, cause I did see a piece
about how, in the seventies andeighties, when there was like a
really bad inflation, thefederal reserve at the time, one
(11:20):
of the guys that that jumped inin.
He really raised ratesaggressively and a lot of people
were like you're killing us.
You're killing us, but thething is is at the time that's
kind of what was needed and then, as those rates came back down,
the economy for the next 30years was really on point, from
(11:43):
that period to almost up intothe nineties.
So it's, it's kind of like somewizardry that a lot of stuff
that's going on that you know.
Even even I'm just, like youknow, trying to catch up and
trying to understand.
Like, okay, what, what is youknow?
What is this?
What is this 50% or sorry, not50% 0.5% interest rate decrease
(12:07):
going to do for an everydayconsumer?
Speaker 7 (12:09):
like you and I that's what I was getting ready to say
.
Like you know, they sent outthose economic stimulus checks
and you know those majority ofAmericans, especially at that
point in time, they, most oftheir income, was going to pay
the interest off of credit cards.
(12:30):
Because we've been living offcredit cards.
And you know, look, we can sithere and gripe about, hey,
everybody needs to buy American,everybody needs to buy American
.
But the problem is is, justlike Harley Davidson, you know,
who has enough money to Pay 65,75 Thousand dollars for a
(12:51):
motorcycle, I think what theyneeded to do instead of the
stimulus check and correct me ifI'm Wrong I think what they
needed to do is I think theyneeded to just say hey, you know
, businesses like Walmart andstuff like that, anything that
is American made.
You know businesses like Walmartand stuff like that, anything
that is American made.
You know we're going to giveyou a voucher.
We're going to give you avoucher so that when you go to
(13:13):
the stores and you buy thisstuff, it's not going to be as
expensive.
They're still doing the samething, but you can't give people
money and expect them to likelook on the tags, is this
American?
Is this American?
Because that stimulus checkisn't going to do anything if
(13:36):
you're buying something fromChina or if you're buying
something from Taiwan, or am Iwrong?
Speaker 6 (13:44):
Well, yeah, I mean I hear what you're saying, like I
think that you know that wouldhave been a good idea, honestly,
to really stimulate Americanmade products, you know, and
stimulate local businesses.
That would have been moreimpactful in the long run, I
think, because really, like yousaid, people just kind of ended
(14:04):
up buying whatever they wanted.
In a lot of cases I know peoplethat were splurging on just
designer bags and things likethat.
Speaker 7 (14:13):
Yeah, people using EBT cards for candy bars and
Twizzlers.
I'm not saying anything's wrongwith that, but you can't expect
every american to spend theirmoney wisely.
You just can't, because notevery american is at the same
(14:35):
mental, uh capacity point asother people.
I mean, you're, you're.
You're a lot smarter than I am,joey.
At least I can admit that.
Okay, and you have to understandthat the majority of Americans,
they don't understand howthings work.
I mean, my, my wife stilldrives the car and she's like
(14:56):
well, I, you got to put oil inthere, also gas.
Yes, it's just how it is.
You know, lot of americans, we,we tend to use things and do
things not knowing how it works.
You know, I'm not.
I have you seen that tiktokwith that woman saying, well, I
(15:18):
just don't understand why theycan't have a wireless hose, why
can't they do a wireless hose?
Why can't they do a wirelesshose?
I mean, the customization andall this stuff.
Speaker 6 (15:29):
you know it's like yeah, that's what we're working
with.
That's what the level ofeducation and you know the stuff
that gets shared nowadays.
Hopefully that highlights thatyou know we do need.
We do need financial literacyin more in need financial
literacy more just out there inthe world.
(15:51):
That's kind of what I've beenreally trying to press for is
financial literacy education.
Just talking about this kind ofstuff, because somebody might be
listening to our conversationand be like you know what I need
to learn more about the FederalReserve or you know that's.
That's basically what I did wasas I started researching on it
and then you know we can kind ofshare what we learned and then
learn on the fly in somesituations.
(16:13):
So, like I did, I did bring upa little bit of a analysis and
basically the the breakdown ofthe situation.
The decision was that basicallywhy they made the decision is
like if the rates were raised,then this would have been done
(16:35):
to combat inflation.
But as inflation has come down,they were like, well, we don't
need to raise.
And if they just didn't doanything like they held steady,
like they have been, then theywould say that inflation is
under control.
And then they want to just kindof like keep, keep, keep the
peace.
But then they decided to lower,which you know hopefully
(16:56):
encourages borrowing, you knowso, basically, your credit card
rates will theoretically go down, your mortgage rates, your car
loan rates will go down in inorder to try to encourage people
to buy more and all this istheory.
Speaker 7 (17:10):
All this is theory.
It's just like all of itstheory.
Uh, when you go to a doctor, orespecially a vet, they are
troubleshooting with your wallet.
They have no idea they're yeahall of its theory.
That's the reason why youalways need a second opinion.
So yeah, I agree with you onthat.
Speaker 6 (17:28):
Yeah, yeah.
So I think that was the thoughtprocess, you know, and time
will tell whether or not theywere actually, you know,
accurate in their analysis.
Because I think a lot of times,you know, the Fed has been
called kind of a magician, andsometimes they'll say things and
(17:48):
try to message the you know, domessaging to try to, you know,
basically sway the markets orsway, you know, because the
global markets are watching whatwe do with the Fed, the Fed
rate.
So there are major implicationsall across the globe for this
stuff.
So I'm not even going to try topretend to be a subject matter
(18:11):
expert on this, but I'mdefinitely, you know, down to
learn and talk and basically,yeah, like, try to encourage
other people to learn as well.
Speaker 7 (18:22):
So, breaking up Barney style, down the re with
the whole Federal Reserve andall that interest Rate and all
that stuff, they're attemptingTo do the same thing as A
stimulus check, except, insteadof Helping us, they're they're
trying to encourage us To spendmore money, probably so that we
(18:44):
can send more money over toUkraine.
Speaker 6 (18:49):
Yeah, I mean.
The thing is the Fed issupposed to be nonpolitical.
They're not supposed to makeany of their decisions based off
of the policy.
Speaker 7 (18:57):
That's like the FBI.
Speaker 6 (18:59):
Yeah.
Yeah so as far as how much theyactually do with that.
That's one of those thingswhere history will be the judge
of how well they stayed out ofpolitics or were they into
politics.
So, yeah, that's definitely.
You know, it's all a smoke showa lot of times, but you know,
(19:23):
like I said, if, if the world iswatching, then hopefully what
we said today and and or whatthey announced, um, actually
does good for the global economy, but for the, for the American
economy.
You know, that's what mostpeople care about.
Like they could, they couldcare less about the global
economy.
So, and that's perfectly valid,because obviously we are
America, we want to, we want tolook out for America, right.
(19:46):
So, and that's perfectly valid,because obviously we are
America, we want to, we want tolook out for America, right.
So, um, so yeah, it's, it's adelicate band, a delicate dance,
but um, um, but yeah, so we'll,we'll keep the conversation
going.
Um, let's jump into a, uh, amusic break.
I really liked this, andrewRoborow, is that how you say it?
Break?
I really like this, andrewRoborow, is that?
Speaker 7 (20:06):
how you say it, I'm worse than Swedish chef.
Speaker 6 (20:08):
Don't ask me, I'll butcher it more All right, so
we're going to listen to a songby Andrew Roborow called Bleed,
red, white and Blue.
I really like this song, sohere we go.
Speaker 7 (20:21):
And we will be right back.
Speaker 8 (20:24):
You listen and we will be right back, you listen.
Been 10 years since I'd seenhis face.
Not much had changed, just adifferent time, different place.
(20:47):
When I shook his hand, I knewsomething had changed.
This was a different man fromthe one I knew back then.
Speaker 9 (21:09):
That's when it said we do the goals.
Yes, I stand in line.
Speaker 8 (21:17):
And watch the flag wave and drag.
Speaker 9 (21:22):
You see, this is what I do.
Yes, I bleed Red white and blue.
Speaker 8 (21:36):
He told me the tales Of his journeys far away, three
times gone, and land most onlyseen on the front page with
honor and glory.
(21:57):
He stood so tall and fought foryou and I so we could be free
From it all.
Speaker 9 (22:12):
That's when he said we do the goals.
Yes, I Stare on the line.
Speaker 8 (22:20):
And watch the flag Wail, the pride.
Speaker 9 (22:25):
You see, this is what I do.
Yes, I bleed.
Red, white and blue when dutycalls.
Yes, I stand in line and watchthe flag wheel be brang to the
coast.
Yes, I stand in line and watchthem weep and pray.
(22:48):
You see, this is what I do.
Yes, I bleed.
This is what I do.
Yes, I bleed.
Oh, this is what I do.
Yes, I do.
Oh, this is what I do.
Yes, I do.
Speaker 4 (23:36):
Little I know We'll be right back.
Program are those of thespeakers and do not necessarily
reflect the views or positionsof any entities they represent
find us on the web at mbradious.
Speaker 6 (23:54):
All right, we are back.
This is Money in the Militaryand my name is Joey.
I have H in the background.
He's running the ones and twosthe sound and providing some
commentary.
Also, we're just kind ofchatting about the Federal
Reserve rate cut and just theimplications and all that, and
(24:15):
you know just having some goodconversation about that.
What's going on?
Speaker 7 (24:19):
Well, I was just going to say you know the other
thing that we was going to talka little bit is you know another
segment.
What's trending right now is itsays that jobless claims at the
four-month low.
Weekly jobless claims droppedtheir lowest level in four
months, significantly continuedstrength in the labor market.
(24:44):
However, there are concernsabout potential disruptions from
labor strikes, such as Boeingfurloughs of employees.
Well, I can tell you Boeingthey're in a financial thing
because of safety, especiallysince people like to kill other
people Boeing furlough ofemployees due to a machinist
(25:06):
strike, which could increaseclaims in the coming week, and
that's provided by Yahoo Finance.
Yeah, I don't understand whythey you know, like the
president, right now that's inposition.
I don't know how they can bragabout how, like, the job force
(25:26):
is like so strong because youguys did this, Like we closed
many businesses and manypersonal businesses.
It's kind of like if you have ahose full of water and you're
bending it okay and like nowater's coming out, right, but
then when you release that hose,wow, all that water is coming
(25:47):
out.
Oh look, I made it rain.
No, you didn't.
All you did was let everybodygo back to work, so you didn't
really create anything.
It's just nice on paper, butit's not.
You know, my wallet doesn'tfeel it.
I don't care what it says onpaper, my wallet doesn't feel it
(26:12):
.
So that's the way that I lookat that, or am I wrong, joe?
Speaker 6 (26:16):
Well, I think you know, if you look at, you know,
like the, the jobless claimsover a period of time, you
probably can see differenttrends.
You know this is a four monthperiod, so that's just a four
month snapshot of time.
So that's where, like, the Fedcomes in and looks at the trends
(26:39):
of the jobless rates and youknow, like, if, if they're
starting to increase, thenobviously that's a sign that the
economy is is going to is goingto start not doing so well, so
if they're indicating thatthey're going to be more job,
jobless claims, then that's athat's not a good sign.
Speaker 7 (26:59):
So, and I see, a lot of people doing these tech talks
.
Have you ever heard and Ididn't know about this, but this
is very true Did you have youever heard of ghost jobs?
Ghost jobs to where they put apost on, like Craigslist or
indeed, or something, trying toget these people to to go for
(27:22):
these higher jobs, so they knowwhich employees are on the
bubble and then when thesepeople apply for these other
jobs, they kind of give theseother people that are below you
know, new hires these Jobs, justso that they Don't have to To
(27:45):
increase the wages Of employeesthat have been there for a long
time.
Speaker 6 (27:51):
Hmm, I think I have Vaguely remember hearing about
this, but yeah, I mean.
Speaker 7 (27:57):
There's not just one company.
A lot of companies are doingthat.
Speaker 9 (28:01):
And.
Speaker 7 (28:02):
I, you know I'm not going to throw anybody on under
the bus, but like today I wassomewhere and I was kind of
hearing you know eavesdropping,whatever you want to call it.
But I was kind of listening tothis meeting and this guy was
like, oh yeah, just, you know,we just need to make sure to put
them through the hoops a littlebit so that they focus on, you
(28:26):
know, doing this part instead ofthis part.
And I'm like, wow, that's,that's knieving as shit.
Speaker 6 (28:34):
Hmm, yeah, yeah, there's some pretty, pretty
shady stuff going on in theindustry, or in a lot of
industries, and I think there'sa lot of Monte Carlo, like the
shifting of jobs to, yeah, likeyou're saying, these ghost jobs
Are companies trying to rig thesystem a little bit, you know,
(28:57):
and and trying to, um, you know,like make make their company
look either more profitable thanthey are or they're trying to,
maybe even they're trying tojuice the numbers, you know, to
make it seem like they're hiringX amount of people because they
have all these job postings upthere.
So, yeah, there's a.
There's a lot of really shadystuff going on there, for sure,
(29:17):
that's just sad that really is,especially with everything that
is that's going on.
Speaker 7 (29:24):
But you know, we can sit here and complain all about
it all the time, but nothing'sgoing to do it.
You know it's not.
And we're kind of guilty too.
I mean, I don't know how manypeople like go on the side of
the road and see people, youknow, with sign, hey, blah, blah
.
You know, yeah, we're.
We're kind of like those peopleand we're asking, uh, these
(29:46):
people that are driving up,which is like you know, the
government or the outsidesociety, hey, please help it.
And they're just looking at uslike, yeah, you know what?
Whatever, you know, get a job.
Hello, I'm trying to get a job,you know.
And then the the smart thing Idon't know if you have it there
in tennessee, but here incolorado there's a lot of people
(30:10):
using like, uh, squirt bottlesor water and they're using like
squeegees, trying to do, youknow, kind of like in new york,
where they're like, hey, let mewash your windows, you know kind
of thing, you know, or they'reselling roses.
Speaker 6 (30:23):
I mean, at least they're attempting to do
something yeah, yeah, and Ihonestly I'm kind of, um, I'm
starting to get a little worriedabout um, how much ai is going
to start uh, taking some ofthese other jobs too, like the,
the, the lower level jobs, the,the type of jobs that can be
done, you know, used to be like.
(30:44):
You know, people putting ininformation into a computer,
like that used to be a job Likewell, now you don't have that,
you know let me kind of calmpeople's nerves about that,
because even though AI is great,there's a lot of bugs with AI
still Okay.
Speaker 7 (31:03):
For example, just so everybody knows, if you ever do
AI like a picture or something,AI does not know how to spell.
Okay, so that's the first thingwe we know this Okay.
And then for some reason, aidoesn't realize that we have
five fingers, not seven.
(31:24):
Okay so, yeah so those are thetwo things.
So I I think, ultimately, eventhough AI is going to help and
maybe take away from people,you're still going to need
people You're still going toneed.
You're still going to needpeople to kind of like Fix it or
, you know, tip it off, you knowkind of thing.
(31:44):
Look at computers.
We thought computers Was oh, Igot a blu-ray player.
I'm going to have this for thewhole, my whole Life.
We have millennials right now.
What the hell is a blu-rayplayer?
Speaker 6 (31:59):
you know, because we we've expanded that yeah, yeah
and and I mean it's, it's, it'sa.
You know, like I was thinkingabout this, the other day I
found a bunch of my old blu-raysspeaking of that, and you know,
I have a blu-ray player.
But you know, um, but there'sactually a growing movement of
people who, because it's so hardto find some movies and stuff
(32:23):
online, and then, even if youbuy them digitally, you don't
truly own them because thatcompany can just go under and
then you have nothing, whereasyou have a DVD or a Blu-ray.
Then you have the physical, youknow, the physical copy of the
of the movie.
You own the movie in that sense, um, so I think there's
actually a movement towards, um,having those physical assets,
(32:46):
which is kind of funny becausewe've gotten so used to
on-demand streaming and neverreally owning anything.
You know, um, so that's kind ofan interesting, just the social
thing that I've noticed, uh, um, that that there's a you know.
So that's kind of aninteresting, just the social
thing that I've noticed, thatthat that there's a.
You know like there's a big pushfor for records.
You know, record sales havebeen through the roof lately
(33:08):
over the past couple of yearsbecause people like it's like,
it's like they're going againstthe grain of like.
Instead of being all digital,like, they want analog, you know
like, because it's, becauseit's tactile, it's, it's like a
book instead of an e-book.
People like still like a, aphysical item, you know um.
So I think in that sense, yeah,ai is here to stay, but it's,
(33:30):
it's not gonna like, it's notgonna change, change a whole lot
, but um, but yeah, with that,with that being said, we're
going to take another quickbreak.
Um, we're going to listen to.
Speaker 7 (33:42):
Let's see and then, and uh, so that that song that
we played, uh that was andrewrossborough.
Uh, he sings that.
Um, he was.
It's a friend of mine from highschool, so it was kind of it
was kind of it was kind of itwas kind of it was kind of cool.
You know what I'll?
I'll play a song.
We're not going to play the, thechemistry club thing, we're
(34:05):
going to play this nonprofit.
That is a fantastic nonprofitand you know, if you're a
veteran out there and you don'ttake anything from any of these
shows, keep an eye on thenon-profits.
Maybe your outlet might not beskiing, or maybe your outlet
(34:29):
might not be radio, maybe itmight be horses or even planting
.
There's so many things outthere.
If you haven't found yourpurpose, if you haven't, if you
haven't found your purpose, ifyou haven't found your outlet
and reach out to us, we'lldefinitely put you to work, get
you doing something, because, nomatter what, when you're doing
(34:49):
something for other people, itjust makes you feel good.
So, with that being said, well,like Joey said, said, we're
going to go on A music break andwhen we come back we're going
to be talking.
It looks like we're going to betalking about the housing
market a little bit, unless Joeyhas something Other than that
(35:10):
to speak of.
So, whatever you do, stay withus, don't go away.
You're listening to the stationthat's giving veterans a voice.
You're listening to NBR Moneyin giving veterans a voice.
You're listening to NBR Moneyin the Military.
Speaker 10 (35:20):
Stats tell that each day, 22 veterans commit suicide
due to PTSD.
These stats shook us and urgedus to do our part.
After hours and hours ofthinking, beekeeping for
Veterans was born.
Beekeeping for Veteranscombines beekeeping with
mindfulness meditation.
Why combine them?
(35:41):
Here's why Beekeeping causespositive rush of adrenaline.
While beekeeping, you have tobe calm.
During it, you are mindful ofyour movements.
Each week, a veteran willreceive a mindful meditation to
build emotional and mental skillsets.
Mindfulness is a set of threeattentional skills that work
(36:01):
together Concentration, sensoryclarity and equanimity.
Mental calmness, composure,evenness of temper.
Every time mindfulness ispracticed, we build these skills
.
Beekeeping for veterans notonly helps veterans overcome
emotional trauma, but also aidsour environment, as without bees
, there is no food.
(36:22):
Come forward.
Speaker 4 (36:24):
The people who have supported your country now need
your support military broadcastradio, the station that's giving
veterans a voice find us on theweb at mbradious opinions
(36:44):
expressed in this program arethose of the speakers and do not
necessarily reflect the viewsor positions of any entities
they represent find us on theweb at mbradious all right, we
are back.
Speaker 6 (37:00):
This is money in the military.
Uh, just want to shout out.
We have eight people watchingon mbr talk on x, so that's
pretty cool.
Um, shout out to you guyswatching on x.
Um, you know, jump in thestream and Give us a shout If
you want.
Speaker 7 (37:19):
I'm thinking because, for like the longest time I was
wondering.
So we're on Roku and there'snot really a thing On here that
Says anything about like Roku oranything.
I think Roku is taking thecount and putting it into
(37:41):
twitter or x, whatever you wantto call it.
Uh, because I've been ontwitter all day.
Literally nobody's on thereexcept political stuff.
So I'm pretty sure that's roku.
But Okay, all right.
So I saw this article in YahooFinance.
(38:03):
Go figure, housing market isstruggling.
Despite the declining mortgagerates, the house market remains
sluggish due to persistency.
High home prices, exceptexisting home sales, fell two
and a half in August, with themedian price hitting record For
(38:26):
August at $416,700.
Lower borrowing costs Mightspur demand, but supplies
constraints continue To pressurethe market.
What I want to know is you knowthere's so many of these like
little homes.
You know that they've made.
You know you can buy one ofthose like home things At Home
(38:47):
Depot or those 3D market homes.
My question is you know, whydon't they smarten up and
realize that?
You know, why don't theysmarten up and realize that you
know not everybody can affordthese $700,000, $800,000 homes?
Why don't they start makinglike affordable houses, like
(39:08):
let's go, let's try to tweak itback into the 80s or the 70s or
the 90s or the 70s or the 90sand let's Try to make affordable
budgeting Houses like less than$80,000 For a house, because
that's how much my dad paid forhis In Indiana.
(39:31):
I don't understand that.
I understand why builders Wantto Build these big houses for
big profits, but it doesn't doany good if you're using drywall
for the whole damn house.
Speaker 6 (39:48):
Yeah, no, that's a great point and, I think,
something that a lot of people,especially as I think most
people are really realistically,they only need a smaller, uh,
smaller house.
You know they they only needlike a, in some cases, maybe a
two bedroom, one, one bath house, or two bed, two bath houses,
(40:09):
if as a starter home, um, andmaybe a three bed, two bath, um,
you know, if you're a youngfamily and then as you get
bigger, maybe you get a biggerhouse.
But yeah, I think you bring up agreat point that I think people
don't necessarily want thesegiant houses anymore, and I
think that's part of the reasonwhy you know some of these.
(40:30):
You know the market is shifting, you know, but the builders are
not.
They're not necessarilyadjusting with the times, and I
think that's that's part ofwhere there's going to be like a
little bit of a clash, whereyou know, like the market wants
one thing, but then the buildersare saying, okay, well, this is
how we've been doing things forthe last 30, 40, 50 years and
(40:53):
they're probably more resistantto change, whereas there are
some companies that are building, like you said, those 3D
printing houses and moreeconomical building practices.
So there is some movementtowards that and then like the
tiny home movement.
Speaker 7 (41:11):
I don't know how sustainable the tiny housing
industry is, but I know thatWell, it must not be that much,
because when I go down thestreet I haven't seen a damn
tiny house.
I see that shit, the internet,or tiktok.
Speaker 6 (41:21):
So it must be too popular I actually looked into
tiny houses, um, for a littlewhile there and the problem with
that is um is the, the buildingcodes.
So a lot of, a lot of um,localities are not, they're not,
they're not built, they're notzoned for like small houses,
they have to be like a certainlot size.
(41:42):
So I think that's one of theissues that I've come across.
And then, like when the onesthat are built on wheels,
they're technically labeled asRVs and like you can finance
them as RVs, you can get theminsured as RVs, but it requires
a truck usually to to haul andmove around and stuff and then
(42:05):
you know it's.
It's essentially an RV on ahouse on wheels and there's just
the infrastructure just isn'treally there to to kind of
facilitate mass adoption ofthese tiny homes.
So it would require and thereare some companies and builders
that are trying to build likelittle tiny house communities
that I've seen, but those are-.
Speaker 7 (42:28):
Yeah, those are turning into cults.
Speaker 6 (42:30):
Let's just call it what it is, okay, well, yeah
like they're really communityreally a community based,
communal based, and I've seensome.
There's actually one inTennessee that I was curious
about to kind of drive throughit, but I don't know if there's
anyone actually living in them,but but I know there have been
some.
I think there was one in inGeorgia, that is that is coming
(42:51):
up, that that is kind of liketrying to, you know, like you
said, trying to, uh trying toprovide more affordable housing,
you know, but then a smallerspace which, uh, you know, which
is probably easier to build andfaster to build too.
So we could theoretically get,you know, more people, um, in,
at least at least people, atleast the homeless population,
(43:12):
get them out of the streets, butum, well they're, they're the
housing residential is reallyreally hitting hard on hoas you
know, they're not.
Speaker 7 (43:25):
They're not so much paying anymore.
And so you know, the normalperson will buy an apartment.
All they have to do is worryabout the apartment.
Well, now you know they're.
They're creating these HOAs andhaving these clubhouses and
these swimming and all this.
Like I know a guy that justbought a townhome.
(43:48):
His mortgage payment is $5,000a month, which is crazy, and
then he has to pay $ and somedollars for hoa.
I mean that alone.
If that doesn't spell cult, Idon't know what does.
But if you're in a house andyou're not paying the hoa, I'm
(44:09):
going to tell you right now stayput yeah, don't get greedy.
You know, we Learned in themilitary joy that it Doesn't
matter how big your house is.
When you move from one roomthat's small To a bigger room,
what happens?
You just Accumulate more shit.
(44:30):
That's all that Happens.
Absolutely a bigger house.
Nothing's going nothing.
Nothing's going To changeexcept change, except bigger
stuff.
And then when you move to asmaller, then you're forced to
get a U-Haul or a shed orsomething like that.
That's the biggest thing.
When I first got married, I hadthis house and my house paid
(44:57):
off and my house, you know my mywife kept telling me oh, we
want a bigger house, we want abigger house.
I'm like you know what I tellyou not to be rude or anything,
because you know I got TBI.
I have no filter.
But until you pop out a kid andwe have to worry about, like
(45:18):
School district or you knowdifferent school zones and stuff
, we're good right now, you know.
A two bedroom.
Well, I made this in a fourbedroom, but a two bedroom Like
two bath house Is plenty big Fora newlywed.
Yeah, and like when I bought myhouse, I bought my on a va
(45:43):
foreclosure.
You can actually go on awebsite they have like a va
foreclosure website to where youknow you can use your va loan
and you can buy a foreclosure.
I bought my house for a hundredthousand in like 2008 nice, so
you bought at the right time,for sure I, I bought on the
(46:05):
bubble, I bought on the bubbleyes exactly well, I don't have a
bubble.
I got a fix right, but you knowwhen the bubble was yeah really,
you know they were like oh, lowincome families.
Let's do you on his bubble,everything will be OK.
Don't worry about that.
You know, kind of like, whatthey're doing here.
I'm telling you everybody isall happy about this, this, this
(46:29):
rate decrease, but I think it'sjust going to put us in a
bigger hole, in a bigger hole.
Speaker 6 (46:36):
Yeah, I mean, I definitely agree there's a lot
to be concerned about, and Ithink the concerns Of a
recession are Not.
Speaker 7 (46:45):
We're already in a recession right now.
I don't care what anybody says.
We've been in a recession since2009.
I don't care what anybody says.
We've been in a recession since2009.
And what Makes it even worse?
Let's talk about 9-11.
Since 9-11 came and passed, butout of all the airlines, which
(47:09):
airline is doing free bags?
Only one, right.
Why are they the only onesdoing free bags?
And like they've changed it tolike assigned seating.
Nothing's changed.
When you go to businesses, hey,I want a donation, blah, blah,
blah.
You know their story is alwaysoh, you know, times are tough,
(47:31):
blah, blah, blah.
Well, tell me, if times aretough, then why?
On your taxes, or whatever theycall it, why are their income?
What's the proper name for that?
Joey, they get that.
(47:54):
What word am I looking for?
What word am I looking for,gosh?
I can't remember the word I'mlooking for, but basically,
their income is more than theiroutcome.
Yeah, okay Do you know what I'msaying.
Like the profit margins theirprofit margins are higher Now.
(48:19):
Margins their profit marginsare higher, yeah, now their
profit margins are higher, yeah.
Why is that?
We are in a recession?
Because companies are gettinggreedy and the top people aren't
saying anything because it'snot affecting them.
Nobody gives a shit if itdoesn't affect them.
(48:42):
That's just how it is.
That's how life is.
Speaker 6 (48:45):
Yeah, yeah, the people that are at the top, yeah
, like you said, they're notworried about it because, um,
they're, they're getting thebenefits you know the CEO is
making, you know, a hundredtimes more, 200 times more than
the the lowest paid worker.
So, yeah, there's a lot ofincome inequality and and and uh
um, disparity there.
(49:06):
That that uh is is reallyrampant and you know.
And then at the bottom of thepeople at the ground floor are
the ones that are suffering, youknow.
So it's really frustrating,yeah, when you see the CEOs
making, you know, multi-hundredmillion dollar packages of, like
, award packages and you knowthey can't even raise their,
(49:29):
their uh, employees, the lowestemployees wages, you know, or
something like that.
Speaker 7 (49:33):
So well, the unfortunate part and this is
just how it is, joey, you don'tyou don't have to tell me how
much you make, but the averageAmerican right now they do not
feel that they can work a jobFor less than $22 an hour Right
now.
So if we, as a person, feelthat we're not working for less
(49:59):
Than $22 an hour, guess what?
Everybody's thinking that samething.
So if you're on social securityor you're on VA and they got
that cola or you know, you getsome kind of stipend and you get
a raise.
Guess what?
That raise is not good becauseeverything else is going to go
up.
That's the reason why you'regetting that raise.
(50:20):
So whenever you're all excitedbecause you're getting a raise,
you're not really getting theraise, you're just, you're just
helping the government inflatedeven more.
You know, one thing I would doif, if I was in that, if I was
in that chair, is I would belike you know what?
Let's just let's, let's juststop everything and, you know,
(50:48):
tear everything down to thefoundation, everything down to
the foundation, meaning thatlook, you know these tax cuts
that we're talking about.
Instead of we're giving taxcuts to businesses to improve
businesses, why don't we do thetax cuts to?
Okay, you know what Businesses.
Why don't we do the tax Cuts to?
Okay, you know what this is,how much inventory Is of product
(51:11):
and the government Sends allthese stores Different stimulus
checks On.
You know different Americanproducts.
Let them keep track of theSales.
Let the people go in.
You know, oh, bread Bread istwo bucks.
Again, it's two bucks to theconsumer, right, it's more to
(51:35):
the company.
But the company is kind ofgetting that bail out, that,
that, that inflation, that costto the united states.
I don't know how they would doit because I'm not that smart,
but I think that I really thinkthat would help.
Speaker 6 (51:51):
Yeah, yeah, I mean, it sounds like you know you're
not giving yourself enoughcredit.
You sound very well versed in alot of this stuff, so you know
you're not giving yourselfenough credit.
Man, You're more well versedthan a lot of people I talk to,
so don't sell yourself shortthere.
Speaker 7 (52:09):
Well, I don't control my own finances, va, so I don't
know how much.
Maybe I'm all talk and notenough brains on actually
executing, but that's what Iwould do, well.
Speaker 6 (52:22):
I mean, I think you highlight really what the pulse
of most people that are inamerica right now are feeling.
You know it's like you knowthey they might talk.
You know, at the at the higherlevel, talk about how great the
economy is, but is it reallythat great if people are having
to work three, four jobs?
Speaker 7 (52:40):
you know, like it's, it doesn't seem like that, you
know so is it really that greatif we have a candidate getting
two assassination attempts?
I can't remember in history acandidate maybe a president, but
a candidate getting twoattempts on them.
(53:00):
I mean that's just crazy.
It just shows you how society,how emotional everybody is right
now.
But you know, keep in mind, 90%of Americans are on some kind
of Ritalin or some kind ofmental medicine.
So when you go to work tomorrowand it's Friday and you're
(53:22):
having a bad day, just rememberthey're probably taking PTSD
meds too.
Speaker 6 (53:27):
Yeah, yeah, man, that's so.
Yeah, that's man, that's,that's, that's so true, that's
so true.
But, uh, you know, hopefully,by talking about this kind of
stuff and putting an out thereand and you know, like we're,
we're two veterans, you know,we're, we, we have, we come from
probably different walks oflife, but we've both, we've both
signed the dotted line.
We've, we've sacrificed for ourcountry and you know, our
(53:50):
voices are valid and ouropinions are valid and I think
people should be taking this toheart, you know, and and the,
the people that make thedecisions, hopefully we'll, you
know this will propagate out toenough people and we and and
there'll be like okay, yeah,these talking points are great,
but what are you actually doing?
What are you doing to help theveteran community?
(54:10):
What are you doing to help thesmall business community?
So, yeah, I mean, I love whatyou're saying and I mean,
obviously, like I said, you knowwhat you're talking about.
Speaker 7 (54:25):
We need.
I'm not going to say that weneed young blood.
What I'm going to say is thatwe need Political people in
Seats that don't Talk.
They execute.
That's what it is.
I'm so tired of People talking,don't Talk, execute.
When we find somebody that Iswilling to execute, things will
(54:51):
get done.
Talking, sending emails out youknow stuff like that, me and
you talked about this in thepast but we need people to
execute.
We need people to know whatthey're talking about and then
to execute and give everybodyelse a plan, because I mean,
(55:13):
look, there's such thing calledmidget wrestling and I don't
follow midget wrestling, butthere's people that do follow
midget wrestling because theysupport it.
Maybe they have, you know,little people in their family.
I don't, so that's the reasonwhy I don't really, you know,
support it.
We need people that it affectswe.
Speaker 6 (55:34):
We need somebody in the presidency that lived off
oatmeal and watch cartoons onsaturday morning yeah, yeah,
yeah, like a real, a real person, you know, like a real, just a
somebody that had, you know like, um, yeah, like you we grew up
(55:54):
with, you know, saturday morningcartoons, eating our bowl of
cereal and you know, and justenjoying life.
You know it was.
It was a much simpler time.
We didn't have tablets andstreaming and all this other
stuff, so it was a much simplertime.
But I hope we can get back tothat.
At least I felt like in thattime, at least in my life, I
(56:17):
felt like there was more senseof community, there was more
sense of togetherness and familyand all this stuff.
So that's kind of what I'd liketo.
I'd like to really foster that.
You know, that, that mentalityagain of of just, you know,
bringing people together, youknow.
So hopefully we can do that andI think we're doing that with
MBR, where you know we're, we're, we, our little family is
(56:40):
growing and and just reallysupportive and I just love that
and you know, like I love I just, you know, know I keep, I talk
about you all the time but, man,like the things that you do
behind the scenes and even justjumping on my stream, like my,
my guests had to reschedule andthen you were like, yeah, man,
I'm gonna jump on it, and I'mlike you're trying not to take
over your damn show.
Speaker 7 (56:59):
No, you're good man you're good.
Speaker 6 (57:03):
I wouldn't be here without you, man, so I I owe you
everything, man no, no, no, no.
Speaker 7 (57:07):
You guys are the backbone, you know, and I tell
you what we we didn't bring itup because I a little busy, but
into the weeds podcast, uh,amber and alora, wow, they do an
amazing job.
They've got some great guestscoming up soon.
Check them out every sunday at6 p Eastern Standard Time.
(57:28):
I hope I got that time right,but we have so many amazing
guests.
You know, I got an email todaytalking about you know a veteran
story and like that whole thing.
They're going to be on like 30shows and out of the 30 shows,
people are going to payattention.
Speaker 6 (57:47):
Yeah, yeah, yeah, shows, and out of the 30 shows,
people are going to payattention.
Yeah, yeah, yeah, and and Imean, like I said, you you've
created or you've, you've moldedthis mbr family into an amazing
thing and I think it's it'sjust going to keep growing and
keep keep.
Uh, you know, like all thedifferent voices that you're
putting out there, you'rehelping put out there, you know,
(58:08):
and I hope, if there's anyveterans listening, that they
want to join the team and they,you know, like we want
everyone's voice, everyveteran's voice, out there, you
know.
So, yeah, that's my pitch forMBR.
Joel, just thank you so much foreverything that you do and have
(58:28):
done and will continue to do.
I know your heart is justoverflowing with this stuff, so
just appreciate everything and Ithink, yeah, that's going to be
it for the stream we're goingto play ourselves out and thank
you for watching.
We have nine people watchingsupposedly, so that's cool, um,
(58:51):
so thanks again.
Thanks, joel, um, problem,catch you guys on the next
stream, all right and we willsee you guys next thursday.
Speaker 7 (58:59):
Same bat time, same bat channel.
Stay tuned.
Speaker 2 (59:03):
Oscar mike radio is next ladies and gentlemen, thank
you for tuning in to MilitaryBroadcast Radio.
As we wrap up today's show, wewant to remind you that the
podcast of today's episode willbe available right after we go
off the air, so if you missedany part of the show or want to
(59:26):
listen again, be sure to checkit out.
And remember we're here tosupport and honor our veterans.
Your stories and experiencesmatter, and we are committed to
giving you a platform to sharethem.
That's right.
We're here to give our veteransa voice, so don't forget to
(59:49):
catch the podcast and stayconnected with us Giving our
veterans a voice.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.