March 18, 2025 • 43 mins
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Speaker 1 (00:02):
We're just trying to turn a necke into a time.
That's the bottom line.
Speaker 2 (00:14):
Welcome to real honest talk about money, politics, news and
information you can actually use. Buckle up and hold on tight.
This is that's the bottom line.
Speaker 3 (00:30):
The best thing the life of free.
Speaker 1 (00:33):
But you can give them to the bath and be
the lie.
Speaker 4 (00:43):
That's good morning, everybody. This is that's the bottom line.
Speaker 5 (00:51):
You do a weekly.
Speaker 4 (00:52):
Radio broadcast that tells it like it is on news
talk radio Am five sixty KLBI. We air at six
in the morning on Saturdays and Sunday mornings at eleven.
We also welcome those of you tuning in on the
iHeartRadio podcast or through our website at savemiretirement dot com.
(01:13):
You can also call us toll free at eight sixty
six seven to eight thirty six ninety seven or locally
at for zero nine eight for zero sixty nine hundred.
I'm Jeff Lewis an investment advisor representative at Asset Road Associates.
We have offices located in Dallas and right here in Beaumont, Texas.
(01:36):
We offer investment, pension and retirement planning services, as well
as personal and corporate income tax preparation. We also assist
people with their medical insurance options as they transition onto Medicare.
We do it all at Asset Growth Associates. We've been
servicing our clients in Texas and Louisiana for several decades now,
(01:56):
including representing our clients who may be having difficulty with thers.
We're often able to negotiate a tax settlement or possibly
to help you end up owing nothing at all, giving
you a financial fresh start in your relationship with the
federal government. So we've got a great show plan for
y' all this week. In addition to the lead stories
for the week, we've got new feature segments on both
(02:19):
the economy and immigration. Plus Gene Valerani is back. He'll
be talking to us about some innovative financial options that
can help out your bottom line in our Solutions segment. First, though,
we turned to the war in Ukraine. The Ukraine falling
an apology from President Zelensky after his White House meltdown
(02:40):
earlier this month, agreed to US terms for a thirty
day ceasefire. Here's the announcement from Secretary of State Marco
Rubio on Tuesday.
Speaker 6 (02:52):
Today, We've made an offer that the Ukrainians have accepted
which is to enter into a ceasefire and into immediate
negotiations to end this conflict in a way that's enduring
and sustainable and accounts for their interests, their security, their ability.
Speaker 7 (03:05):
To prosper as a nation.
Speaker 6 (03:07):
I want to personally think we both want to thank
the Kingdom of Saudi Arabia's majesty for hosting us, for
making this possible. They have been instrumental in this process,
and we're very grateful to them for hosting us here today.
And hopefully we'll take this offer and out of the Russians,
and we hope that they'll say yes.
Speaker 7 (03:21):
They'll say yes to peace. The ball is now in
their court.
Speaker 6 (03:25):
But again, the president's objective here is number one about
everything else.
Speaker 7 (03:29):
Who wants the war to end.
Speaker 6 (03:30):
And I think today Ukraine has taken a concrete step
in that regard.
Speaker 7 (03:33):
We hope the Russians will reciprocate.
Speaker 4 (03:36):
Despite the encouraging development, it remains to be seen if
Russia will play ball. Reports on Wednesday indicated an increase
in the intensity of fighting in the Ukrainian held areas
in the Russian territory of kurse. According to some media sources,
Ukrainian forces were beginning to withdraw from the region, and
(03:56):
Russian President Putin made a visit to the region on
Russian state TIS television, indicating that Russia that would view
captured Ukrainians as terrorists, not extending the standard protections of
the Geneva Convention to prisoners of war. Meanwhile, Finland joins
the list of European nations committed to peacekeeping operations to
(04:18):
the Ukraine should the war be brought to a close.
The UK and France were already leading a coalition of
NATO members willing to put troops on the ground in
the Ukraine once peace is secured. Folks were now entering
the most dangerous phase of this war. The real threat
to the West was never while this war was being fought,
(04:40):
as long as NATO wasn't being sucked into the conflict themselves.
The natural progression of this conflict was always an inevitable
Russian victory. But the danger to us all lies on
how this conflict ends. The Ukrainians can't win this war,
but everyone can still lose. If one side or another
(05:01):
does something desperate or insanely stupid, we could see things
quickly spiral out of control, and it'll be up to
American diplomacy to make sure that doesn't happen. For now,
talks have begun in earnest with Moscow, as President Trump
has vocalized his willingness to impose further financial sanctions on
Russia should putin prove unwilling to cooperate. Meanwhile, American military
(05:27):
aid has resumed Ukraine, including access to satellite imagery back home.
The administration has received a lot of left wing criticism,
particularly within the media establishment, for its decision to deport
Mahmoud Khalil, a Palestinian who participated in anti Semitic protest
on the campus of Columbia University. Democrats have accused the
(05:50):
Trump administration of violating Khalil's First Amendment right to free speech.
CNN's Shake Tapper asked this question to.
Speaker 8 (05:57):
A panelist that Khalil, that Machaeul Khalil directly was distributing this.
They just say the group he was part of distributed this.
Is that enough to justify deportation? Certainly not and the
flyers themselves are not enough. This press secretary used the
word propaganda. That's another word for propaganda speech. And that's
(06:18):
the problem here, is that we were talking about expression. Now,
there were questions when mister Khalil was detained.
Speaker 7 (06:24):
As to whether it was the unlawful.
Speaker 9 (06:26):
Conduct that we saw at Columbia University post October seventh
or the protected free expression, and that stuff gets muddied.
Speaker 4 (06:33):
House Speaker Johnson had this to say in response, I'm gonna.
Speaker 10 (06:37):
Say this clearly, if you were on a student visa
and you're in America and you're an aspiring young terrorist
who wants to prey upon your Jewish classmates, you're going home.
We're going to arrest your tale, and we're going to
send you home where you belong.
Speaker 4 (06:50):
Secretary of State Rubio was also asked about the deportation
by reporters, and he further clarified the position of the
Trump administration.
Speaker 7 (06:58):
When you come to the United States as a visitor,
which is what a.
Speaker 6 (07:01):
Visa is, which is how this individual entered this country
as our visitor's visa.
Speaker 7 (07:05):
Okay, you are here as a visitor. We can deny
you that visa.
Speaker 6 (07:09):
We can deny you that if you tell us when
you apply HI, I'm trying to get into the United
States on a student visa. I am a big supporter
of hamas a murderous, barbaric group that kidnaps children, that
rapes teenage girls, that takes hostages, that allows them to
die in captivity, that returns more bodies.
Speaker 7 (07:26):
Than live hostages.
Speaker 6 (07:27):
If you tell us that you are in favor of
a group like this, and if you tell us when
you apply for your visa, and by the way, I
intend to come to your country as a student and
rile up all kinds of anti Jewish student anti Semitic activities.
Speaker 7 (07:39):
I intend to shut down your universities.
Speaker 6 (07:41):
If you told us all these things when you apply
for a visa, we would deny your visa.
Speaker 5 (07:44):
I hope we would.
Speaker 6 (07:46):
If you actually end up doing that once you're in
this country on such a visa, we will revoke it.
And if you end up having a green card, not citizenship,
but a green card as a result of that visa
while you're here in those activities, we're going.
Speaker 7 (07:58):
To kick you out.
Speaker 4 (07:59):
To be fair, Democrats have a valid argument on the surface.
I mean, after all, the right of free speech and
that of protest is central to Western democracy. This is
one of the things that we Americans fight and die for. However,
what mister Khalil is doing is not simply exercising free speech.
(08:20):
For starters, Discriminary harassment, targeted threats, and incitement to imminent
violence are not covered by free speech protections, nor are
riots that result in property damage and the disruption of
another person's right to freely assemble. More importantly, mister Khalil
is not a citizen. He is a guest in our country.
(08:42):
If you invite someone into your home, you expect a
certain standard behavior while you're there in your house, don't you.
I mean, if your neighbor comes over and immediately starts
cussing out your kids, you're well within your rights to
ask them to leave. Your guest doesn't have a right,
pardon a game of throne reference here to have a
red wedding in your dining room. If you're planning to
(09:05):
murder the people you're eating with, you've kind of worn
out your welcome, haven't you. In short, this is us
asking nicely for you to leave, mister Khalil. Don't make
us ask again. After the break, we'll talk about immigration
policy and the problem with sanctuary cities. I'm Jeff Lewis,
(09:25):
and you're listening to That's the bottom Line on news
talk radio AM five sixty kl v I.
Speaker 1 (09:33):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 11 (09:41):
The power to tax is the power to disperl it.
Speaker 12 (09:44):
Taxes affect your paycheck, your plans, not even your peace
of mind.
Speaker 11 (09:49):
But this tax season leaves the stress to us.
Speaker 12 (09:54):
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(10:18):
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Speaker 11 (10:25):
Do it today.
Speaker 12 (10:27):
Taxes are everything. Let's make them work for you. Are
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Speaker 11 (10:59):
You start, there's no going back.
Speaker 12 (11:02):
Here's the unintended consequence that smaller check could limit your
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legacy for you and your loved ones. And if you
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Speaker 13 (12:05):
If you owe the i R S five thousand dollars
or more, don't call an unknown eight hundred number. Instead
personally meet with us to review your IRS problem. And
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(12:28):
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Speaker 1 (12:36):
We're just trying to turn a nickel into one dime.
Speaker 3 (12:39):
That's the bottom line.
Speaker 1 (12:46):
We will move now from now.
Speaker 3 (12:51):
Will you can't even look stree.
Speaker 4 (13:12):
Welcome back to that's the bottom line. Here on news
talk radio AM five sixty klv I and on iHeartRadio
once again. I'm Jeff Lewis, an investment advisor representative here
at Asset Growth Associates.
Speaker 5 (13:27):
Again.
Speaker 4 (13:27):
You can visit us at savemyretirement dot com. Or if
you just want to speak to a real person about
your retirement or tax needs, go ahead and give us
a call toll free at eight sixty six seven two
eight thirty six ninety seven. Or if you live here
in the Golden Triangle, you can use our local number
four zero nine eight four zero sixty nine hundred. You'll
(13:51):
be glad that you did so. Big city mayors were
forced to defend their positions on sanctuary cities this last
week before Congress. Havn't defied federal immigration law for the
last several years. Here's what they had to say for themselves.
Mayor Mike Johnson of Denver lead us off.
Speaker 14 (14:12):
Americans expect us to do more than point fingers. They
expect us to solve problems. So if Denver can find
a way to put aside our ideological differences, long enough
to manage a crisis we didn't choose or create. It
seems only fair to ask that the body that is
actually charged with solving this national problem, this Congress, can
finally commit to do the same.
Speaker 4 (14:33):
Okay, so let's get this straight. The mayor of Denver says,
we didn't choose to create this crisis. It just sort
of happened when we let all the illegal immigrants. They hear,
so like, do your job, Congress and quit being so ideological.
Yeah that makes sense. I mean Article six supremacy clause
and all that. Okay, let's see what the extremely popular
(14:57):
mayor of Chicago has to say. He's got this a
ninety percent approval rate. Wow, I'm impressed. Wait, I'm holding
this upside down. Oh what zero six? And do what
he's balling at six percent?
Speaker 15 (15:11):
I know there are myths about these laws, but we
must not let mischaracterizations and fear mongering obscure the reality
that Chicago's crime rates are trending down. We still have
a long way to go, but sensationalizing tragedy in the
name of political expediency is not governing its grand standing.
Speaker 4 (15:31):
The worst homicide rate in the nation is heading down,
so y'all quit grand standing. Dude, you literally have the
vote share of Donald Trump in the district of Columbia.
Just stop, all right, Who's next? Michelle wou Boston? This
should be good.
Speaker 7 (15:50):
So do every one of my neighbors back in Boston
know this. You belong here, This is your home.
Speaker 4 (15:58):
She could have only been more conden sent thing if
she had tried to do in Spanish with one of
those fake accents.
Speaker 11 (16:04):
I me ukasa.
Speaker 4 (16:05):
Anyway, while Democratic mayors are trying to convince you of
their moral superiority, not everyone is buying it. Here's the
vice president telling the left that there's a new sheriff
in town.
Speaker 9 (16:17):
But importantly, importantly, on this question of immigration, we have
to recognize that, yes, you can disagree with some of
the laws that are in place. You can disagree with
the enforcement of those laws. You can even vote for
people who want to change those laws. But while we
have immigration laws on the books, we will enforce them
(16:40):
and we expect our local municipalities.
Speaker 7 (16:43):
To help them.
Speaker 4 (16:43):
Okay, I'm buying it. I mean, what lunatic would let
convicted murderers from a foreign country loose onto the streets?
Speaker 7 (16:51):
Why? Why?
Speaker 16 (16:55):
After that individual's criminal justice sentence is served. Why would
a city leader release that individual onto the streets and
refuse to cooperate with immigration authorities? Just something that I
fought as the deputy secretary of Homeland Security.
Speaker 4 (17:15):
Oh yeah, that guy, former Homeland Security secretary May yorkists.
I don't know, mister secretary, why did you? Maybe it
was the policy of your boss, the big guy, Joe Biden.
Of course, maybe I just expect too much. I mean,
what president would actually have a foreign policy designed to
(17:36):
enforce the nation's laws.
Speaker 9 (17:37):
So it will be the policy of the Trump administration
to enforce the nation's laws, and it will be the
policy of the Trump administration to say that it is
not up to local cities to choose which federal laws
that they're going to enforce. It's important. We can't do
immigration enforcement with sanctuary cities. We've got to have everybody
respecting the law. And that is going to be one
(17:59):
of the bigin major policy focuses, of course, of the
Trump administration, and it already has.
Speaker 4 (18:04):
That's right. I forgot. We didn't need new policy, we
just needed a new president. Apparently, one series about the
issues that Americans care about the most, one that puts Americans. First,
by comparison, the Democrats look weak, and you know, it's
starting to have an impact on the electorate. For the
first time in my adult life, Republicans actually outnumbered Democrats
(18:28):
in party identification. That's because Republicans are actually out there
leading for a change and presenting policies actually designed to
make a change. Trump's speech last week reinforced that. In fact,
Democratic polster Mark Penn had this insight following the speech, and.
Speaker 5 (18:47):
I just think the idea of the Democrats thinking they
could sit there through this and not kind of the
part of the pop guns. But Trump that was probably
his best you know, I think his best speech ever, really,
and I think the emotional power of the examples and
the stories that he told. And I'm looking at some
(19:09):
of the poll numbers, you know, coming back on it
was very strong, and the Democrats look look so and
Democratic numbers are really tanking. They are at the lowest
point that I had ever seen the Democratic Party since
maybe you know, the days that had lost forty nine states.
Speaker 4 (19:27):
Now, I mean, I think it's probably a reach for
Republicans to win forty nine states like they did in
eighty four. But well, unless maybe Joe Biden goes out
of retirement. But let's be honest. When parties lose, they
course correct, they make adjustments, they learn from their mistakes.
Surely the Democrats get that right.
Speaker 7 (19:47):
It's unbelievable.
Speaker 5 (19:49):
They don't get it.
Speaker 17 (19:50):
They don't get it now, and I think they're going
to end up being a minor party if they keep
going like this because people don't want to hear about
these stupid ideas that they have.
Speaker 4 (20:00):
I mean, he's right to some extent. It's not that
the Democrats don't have ideas, it's that they're dangerous. Seriously,
if you're Jewish, would you let your kid go to
a university like Columbia where your son is at risk
of being targeted by an anti Semitic mob, Or would
you like it if your little girl is subjected to
chance of infantata because of the star she runs around
(20:22):
her neck for.
Speaker 7 (20:23):
Crying out low. This madness has to stop.
Speaker 4 (20:26):
The speaker is right, The madness has to stop. Coming
up next, what's up with the economy and all these tariffs?
It's this week's thirty Little Secret. I'm Jeff Lewis, and
you're listening to that's the bottom line on News Talk
Radio AMFI sixty KLBI.
Speaker 1 (20:43):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 12 (20:51):
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Again?
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Dot com?
Speaker 1 (22:47):
We're just trying to turn ancke into a dime. That's
the bottom line.
Speaker 4 (22:53):
We're back with. That's the bottom line here on news
talk radio AM five sixty KLBI and on iHeartRadio again,
I'm Jeff Lewis. Remember for any of your investment, tax
or medicare questions, we'll be glad to talk to you
here at ATSI Growth Associates. You can call us toll
free at eight six six seven to eight thirty six
(23:16):
ninety seven, or if you're local here in Southeast Texas
at four zero nine eight four zero sixty nine hundred.
Speaking of investments, portfolios everywhere are down so far this year,
and that's given us some new life to critics of
President Trump who are challenging the administration on its economic policy,
(23:37):
particularly in regards to tariffs. The President threw some fuel
on the fire this week when he dodged a question
related to the R wordy.
Speaker 19 (23:47):
Are you expecting a reception this year?
Speaker 17 (23:52):
I hate to predict things like that. There is a
period of transition because what we're doing is very big.
We're bringing health back to America. That's a big thing,
and there are always periods of it takes a little time.
It takes a little time.
Speaker 4 (24:10):
Now, let's be honest. If there's one thing President Trump
loves doing, it's speculating on these kinds of things. It's
the first real time this term the President's put been
put on the defensive. So as any good coach knows,
what's the very best defense, a strong offense.
Speaker 20 (24:29):
Well, there's a lots of unpack there. So let me
start by saying that, first of all, when it comes
to the stock market, the numbers that we see today,
the numbers we saw yesterday, the numbers we see we'll
see tomorrow, are a snapshot of a moment of time.
And as President Trump has said, and I'm here to
echo the remarks of this president of this White House,
we are in a period of economic transition. We are
(24:50):
in a period of transition. From the mess that was
created under Joe Biden. In the previous administration, Joe Biden
left this country in an economic disaster. Several statistics to
point out that delinkuidceever on credit card loans, increased sixty
three percent under Joe Biden, hitting a near twelve year high.
Under Joe Biden, all net job growth went to foreign
(25:12):
born Americans. Real wages declined by one and a half
percent under Joe Biden, and as we all know, in
this administration continues to combat crisis sword more than twenty
percent under Joe Biden because of its reckless spending and
economic policies.
Speaker 4 (25:27):
White House Press Secretary Caroline Levitt unloaded on the previous administration,
reminding the country just how badly Bidenomics were for the
last four years. Her points are valid, No one really
expects immediate economic recovery. The key word here, though, is transition.
You'll notice she said that word more than once. So
(25:50):
what is she talking about? What are we transitioning from
or transitioning to? Here's your dirty little secret. Not talking
about a mirror change in policy, but a complete shift
in economic theory. She's talking about moving away from Kannesian
economic theory. Now, most of you probably don't remember a
(26:13):
lot from your economics classes in college. It was really
hard for me to stay away through the too. But
this is important, so let's talk about it. Most economic
theories today, particularly by people in government and especially by
those on the left, adhere to what we call Kansian economics.
John Maynard Keynes was a British economist who taught in
(26:34):
a nutshell that government intervention is critical to keeping the
economy stabilized, and through government spending you can stimulate demand. Basically,
the value of the product is more important than the
product itself. It doesn't matter what or how much you produce.
But the focus is on monetary policy. This is the
(26:57):
whole premise of centralized banking and why we have the
Federal reserve. Trump is trying to shift from this model
of economic thought back towards the more classical libertarian position
of Friedrich Kayak and the Austrian economists who put more
emphasis on free markets. Hyak countered that government is inherently
(27:20):
wasteful and that over use of monetary policy to stimulate
the economy would result in increasing federal debt and rising inflation.
In other words, the manufactured product is more important than
the currency which with you buy those products. Now, what's
(27:40):
interesting is that Trump is utilizing tariffs to achieve this.
Tariffs are part of Kynesian economic theory hiak and horbitom.
Yet we see Trump engaging in a tariff standoff with
multiple nations. So why isn't this counterproductive? Listen to what
he's saying here in this next clip. The whole point
(28:00):
is to remember that Trump isn't imposing their terrafts because
he wants more tariffs. Instead, they're serving two purposes. The
first is to coerce other nations into making changes to
their policies, particularly where it relates to our own security.
The goal here isn't actually economic at all. Rather, Trump
is using it, for example, to coerce Mexico and China,
(28:23):
or Mexico and Canada to help secure our mutual borders,
particularly as it relates to the flow a Chinese spentnol
into our country. The second purpose is economic, but ironically
to make markets freer, not more restrictive. The concept here
is reciprocity. Reciprocal terraffs mirror the trade barriers other countries
(28:44):
place on us into entering their markets, showing how inherently
unfair other nations are while they scream to be let
into our markets without penalty. Think NAFTA.
Speaker 14 (28:55):
We've been treated very unfairly.
Speaker 19 (28:58):
We've been treated very unfairly, but we've been treated very
and fairly by every country all over the world.
Speaker 7 (29:04):
The European Union is horrible, horrible, and we're going to
get it back. And I have a choice.
Speaker 19 (29:11):
I could just coast and eventually there'd be a blow
up down the road, maybe a long way. But we
owe thirty six trillion dollars and we're going to get
it back.
Speaker 18 (29:22):
Right now.
Speaker 19 (29:22):
We're like a chicken that's being plucked at from all
over the world.
Speaker 7 (29:26):
We're not gonna let that happen anymore.
Speaker 4 (29:27):
As Trump says, we owe thirty six trillion dollars because
we're borrowing money to keep our own economy afloat. Through
caneesine theory, having money is not the same thing as
having wealth. Money only matters when you know what it's
capable of purchasing. The remedy for our debt is to
rebuild our own manufacturing base. The problem is that a
(29:48):
lot of our industries have been shifted overseas. Trump wants
them brought home. That's going to result in major economic disturbance,
and that's why you're seeing the markets react with such volatility.
This is precisely what Fox Business analyst Charlie Gasparino is
talking about here.
Speaker 21 (30:05):
I mean, the market's not factoring in the good stuff
that Trump's doing, which is cutting taxes, cutting the regulation,
weaning the government, weaning the economy, the private economy wolf
government is a huge thing. It's going to take a
little pain. Think of reverse Kindsi in economics.
Speaker 22 (30:21):
Instead of spending your way into a into positive job growth,
you're cutting and you're trying to get the private economy
to do that, because if you allow the government to
do that, we're gonna get a lot of debt and
then you definitely have fiscal lumburghetting.
Speaker 7 (30:36):
So this is this is a transitionary.
Speaker 4 (30:37):
Period and gene Vaalerani is next with this week's solutions segment.
Speaker 1 (30:43):
We're just trying to turn a neckel into a that's
the bottom.
Speaker 12 (30:47):
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Speaker 11 (31:00):
With a tax efficient distribution.
Speaker 12 (31:03):
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(31:35):
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day or visit savemretirement dot com to schedule your free consultation.
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Speaker 4 (32:08):
Are you tired of watching your investments rise and fall
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(32:32):
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or visit us at Save my Retirement.
Speaker 1 (33:01):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 11 (33:06):
Welcome back, ladies and gentlemen.
Speaker 12 (33:08):
This is Gene Valerani joining the report this morning in
our Solution segment, and for every problem, we want to
tell you there is a solution. And today's Solution segment,
as always, wants our listeners to know if they want
to avoid losses in their financial investments, there are ways
(33:30):
to do it, and one way would be to call
us an Asset Growth Associates where money can be set
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(33:53):
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are occurring the contract remains fully solvent during a downturn
because the plan that we issue through our work with
(34:15):
Asset Growth Associates is designed to not lose value and
previous earnings when the market retreats, you don't lose anything. Sometimes,
you know, when the market goes down, it could take
years to get back to work it was to start with,
but not so with the Principal Protection plan issued through
(34:40):
our work at Asset Growth Associates.
Speaker 11 (34:43):
I want you to call us four.
Speaker 12 (34:45):
O nine eight four h sixty nine hundreds at a
time to visit with us, and we will absolutely help
you save your retirement money. These accounts do not lose
value during a decline and there can t actually guaranteed
not to do so. Then when the market goes back up,
(35:05):
guess what, These accounts resume earning money immediately. So while
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just trying to get back to where they were, principal
protection investors are already adding more earnings and moving forward,
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(35:29):
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(35:49):
worry about losing value during a downturn. The market always
comes back, but may not do so on your individual timeline,
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just run out of investment money at an older age,
why not just call us at Asset Growth Associates, where
(36:12):
you can participate in plans that earn market linked returns
without exposing your account to market linked downturns. Listen to me,
there's nothing wrong with not losing money, and the same
goes with plans that provide such safety. The phone number
(36:33):
for you to call is four oh nine eight four
oh sixty nine one hundred toll free one eight six
six seven two eight three six nine seven. We can
also be reached online at savemyretirement dot com. We have
been offering these plans for decades. I know you're watching TV.
(36:55):
You see that there's a lot of people on television
to talking about literally the same thing. Well, you don't
have to call someone on the other side of the country.
You can call us right here in Beaumont, Texas one
eight six six seven to eight three six nine seven.
We've been offering these plans for decades as well as
(37:18):
regular investments because we do that too. We offer such
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get that out of your mind. Doesn't tie your money
up because if you need to dip into your account
or begin drawing an income from them, they're readily available.
(37:42):
I want you to know that now you've heard me
promoting principal protection plans for decades now, and our company's
going to be doing so for the years ahead. Our
work is to provide safe investments for those who become
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(38:03):
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Where you can have the peace of mind of knowing
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when others are seeing their nest eggs decline due to
(38:26):
a fickle stock market that asset growth associates. We are
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And by by the way, they bypass probate. So you
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(38:47):
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you have a named beneficiary, because these accounts are issued
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heard me talk about that before these plans can be
(39:07):
cashed out for their full value. They can be designed
for lifetime income payments that cannot be outlived, and they
can also be passed on to name beneficiaries without getting
tied up in probate. So pay attention. There are ways
to bypass a shaky stock market. And as you know
(39:29):
right now, we're going through a little downturn and we
don't want you to get all shook outs because the
market will come back and just just got to come
back on your timeline, right call me call our office
four oh nine eight four h sixty nine hundred. If
you live in faraway places one eight six six seven
two eight three six nine seven and We can also
(39:53):
be reached online by logging on to Save my retirement
dot com.
Speaker 11 (39:58):
Listen. Hope you hear from your Where's just trying.
Speaker 1 (40:01):
To turn a necke in?
Speaker 3 (40:02):
Doo u die? That's the bottom line.
Speaker 1 (40:06):
Where's just trying to turn a necke in?
Speaker 18 (40:08):
Who die?
Speaker 3 (40:09):
That's the bottom line.
Speaker 4 (40:24):
Thank you for listening today. So that's the bottom line
on news talk radio AM five sixty KLBI plus to
those of you that tuned in via podcast, through iHeartRadio
or through our website at savemyretirement dot com. Again, you
can tune in next time at six am on Saturday
or at eleven am on Sundays. And of course you
(40:47):
can listen to all our previous broadcasts anytime any day
on demand online.
Speaker 13 (40:53):
Again.
Speaker 4 (40:54):
If you decide to contact any of us here at
ASSEK or the associates, give us a call at four
zero nine eight for zero sixty nine hundred or toll
free at eight six six seven to eight thirty six
ninety seven. Our physical address in Beaumont is at thirteen
ninety one Calder Avenue, a block from the intersection of
(41:16):
MLK and Calder. I really hope you enjoyed this week's broadcast.
I hope that you got a little insight into what's
really happening with the economy and in the world around us.
We know your time is important, and that means giving
you an informative and a substance discussion on issues relevant
to you. Whether it's current events or national politics, you
(41:37):
can count on. That's the bottom line, to deliver frank,
straightforward analysis of the stories that affect you. Hey, there's
no denying that the terift these days are create uncertainty
for a lot of people and that makes for volatility
in the market. Maybe it's time you take a different
approach to your retirement. If you have a retirement account
(41:58):
or a CD that's been sitting and you don't know
what to do with it, well, chances are we do.
This is what we do, and we do it well.
If you're wanting to be actively involved in the market,
our advisory services can help design a portfolio that suits
your risk tolerance and return expectations. If you're a little
(42:18):
bit more tentative when it comes to getting into market
right now now, again, there's nothing to worry about. We've
still got your back. At Asset Growth Associates, We've got
the experience and name you can trust. We know how
to handle your money consistently, safely, and always with your
best interest in mind. If you're turning sixty five or
(42:42):
looking to come off your group insurance when you retire,
we've got answers for your Medicare questions. We know it's
no joke. The federal government is fantastic at making stuff
as complicated as possible. And guess who's fault it is
if something gets screwed up. That's right, it ain't Uncle Sam,
it's yours.
Speaker 7 (43:00):
So give us a holler.
Speaker 4 (43:01):
We'll get you sorted out. Remember it's still income tax season,
so if you're over age fifty and you want to
take advantage of our senior tax filing for ninety nine bucks,
you definitely want to call us for an appointment. I'm
Jeff Lewis for gene Vallerani and everyone here at asset
or the Associates made Lord bless you, keep you until
next week. That's the bottom line.
Speaker 3 (43:22):
That's the bottom line.
Speaker 2 (43:25):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting Savemiretirement dot com
We're just trying to turn a necke into a time.
That's the bottom line.
Speaker 2 (00:14):
Welcome to real honest talk about money, politics, news and
information you can actually use. Buckle up and hold on tight.
This is that's the bottom line.
Speaker 3 (00:30):
The best thing the life of free.
Speaker 1 (00:33):
But you can give them to the bath and be
the lie.
Speaker 4 (00:43):
That's good morning, everybody. This is that's the bottom line.
Speaker 5 (00:51):
You do a weekly.
Speaker 4 (00:52):
Radio broadcast that tells it like it is on news
talk radio Am five sixty KLBI. We air at six
in the morning on Saturdays and Sunday mornings at eleven.
We also welcome those of you tuning in on the
iHeartRadio podcast or through our website at savemiretirement dot com.
(01:13):
You can also call us toll free at eight sixty
six seven to eight thirty six ninety seven or locally
at for zero nine eight for zero sixty nine hundred.
I'm Jeff Lewis an investment advisor representative at Asset Road Associates.
We have offices located in Dallas and right here in Beaumont, Texas.
(01:36):
We offer investment, pension and retirement planning services, as well
as personal and corporate income tax preparation. We also assist
people with their medical insurance options as they transition onto Medicare.
We do it all at Asset Growth Associates. We've been
servicing our clients in Texas and Louisiana for several decades now,
(01:56):
including representing our clients who may be having difficulty with thers.
We're often able to negotiate a tax settlement or possibly
to help you end up owing nothing at all, giving
you a financial fresh start in your relationship with the
federal government. So we've got a great show plan for
y' all this week. In addition to the lead stories
for the week, we've got new feature segments on both
(02:19):
the economy and immigration. Plus Gene Valerani is back. He'll
be talking to us about some innovative financial options that
can help out your bottom line in our Solutions segment. First, though,
we turned to the war in Ukraine. The Ukraine falling
an apology from President Zelensky after his White House meltdown
(02:40):
earlier this month, agreed to US terms for a thirty
day ceasefire. Here's the announcement from Secretary of State Marco
Rubio on Tuesday.
Speaker 6 (02:52):
Today, We've made an offer that the Ukrainians have accepted
which is to enter into a ceasefire and into immediate
negotiations to end this conflict in a way that's enduring
and sustainable and accounts for their interests, their security, their ability.
Speaker 7 (03:05):
To prosper as a nation.
Speaker 6 (03:07):
I want to personally think we both want to thank
the Kingdom of Saudi Arabia's majesty for hosting us, for
making this possible. They have been instrumental in this process,
and we're very grateful to them for hosting us here today.
And hopefully we'll take this offer and out of the Russians,
and we hope that they'll say yes.
Speaker 7 (03:21):
They'll say yes to peace. The ball is now in
their court.
Speaker 6 (03:25):
But again, the president's objective here is number one about
everything else.
Speaker 7 (03:29):
Who wants the war to end.
Speaker 6 (03:30):
And I think today Ukraine has taken a concrete step
in that regard.
Speaker 7 (03:33):
We hope the Russians will reciprocate.
Speaker 4 (03:36):
Despite the encouraging development, it remains to be seen if
Russia will play ball. Reports on Wednesday indicated an increase
in the intensity of fighting in the Ukrainian held areas
in the Russian territory of kurse. According to some media sources,
Ukrainian forces were beginning to withdraw from the region, and
(03:56):
Russian President Putin made a visit to the region on
Russian state TIS television, indicating that Russia that would view
captured Ukrainians as terrorists, not extending the standard protections of
the Geneva Convention to prisoners of war. Meanwhile, Finland joins
the list of European nations committed to peacekeeping operations to
(04:18):
the Ukraine should the war be brought to a close.
The UK and France were already leading a coalition of
NATO members willing to put troops on the ground in
the Ukraine once peace is secured. Folks were now entering
the most dangerous phase of this war. The real threat
to the West was never while this war was being fought,
(04:40):
as long as NATO wasn't being sucked into the conflict themselves.
The natural progression of this conflict was always an inevitable
Russian victory. But the danger to us all lies on
how this conflict ends. The Ukrainians can't win this war,
but everyone can still lose. If one side or another
(05:01):
does something desperate or insanely stupid, we could see things
quickly spiral out of control, and it'll be up to
American diplomacy to make sure that doesn't happen. For now,
talks have begun in earnest with Moscow, as President Trump
has vocalized his willingness to impose further financial sanctions on
Russia should putin prove unwilling to cooperate. Meanwhile, American military
(05:27):
aid has resumed Ukraine, including access to satellite imagery back home.
The administration has received a lot of left wing criticism,
particularly within the media establishment, for its decision to deport
Mahmoud Khalil, a Palestinian who participated in anti Semitic protest
on the campus of Columbia University. Democrats have accused the
(05:50):
Trump administration of violating Khalil's First Amendment right to free speech.
CNN's Shake Tapper asked this question to.
Speaker 8 (05:57):
A panelist that Khalil, that Machaeul Khalil directly was distributing this.
They just say the group he was part of distributed this.
Is that enough to justify deportation? Certainly not and the
flyers themselves are not enough. This press secretary used the
word propaganda. That's another word for propaganda speech. And that's
(06:18):
the problem here, is that we were talking about expression. Now,
there were questions when mister Khalil was detained.
Speaker 7 (06:24):
As to whether it was the unlawful.
Speaker 9 (06:26):
Conduct that we saw at Columbia University post October seventh
or the protected free expression, and that stuff gets muddied.
Speaker 4 (06:33):
House Speaker Johnson had this to say in response, I'm gonna.
Speaker 10 (06:37):
Say this clearly, if you were on a student visa
and you're in America and you're an aspiring young terrorist
who wants to prey upon your Jewish classmates, you're going home.
We're going to arrest your tale, and we're going to
send you home where you belong.
Speaker 4 (06:50):
Secretary of State Rubio was also asked about the deportation
by reporters, and he further clarified the position of the
Trump administration.
Speaker 7 (06:58):
When you come to the United States as a visitor,
which is what a.
Speaker 6 (07:01):
Visa is, which is how this individual entered this country
as our visitor's visa.
Speaker 7 (07:05):
Okay, you are here as a visitor. We can deny
you that visa.
Speaker 6 (07:09):
We can deny you that if you tell us when
you apply HI, I'm trying to get into the United
States on a student visa. I am a big supporter
of hamas a murderous, barbaric group that kidnaps children, that
rapes teenage girls, that takes hostages, that allows them to
die in captivity, that returns more bodies.
Speaker 7 (07:26):
Than live hostages.
Speaker 6 (07:27):
If you tell us that you are in favor of
a group like this, and if you tell us when
you apply for your visa, and by the way, I
intend to come to your country as a student and
rile up all kinds of anti Jewish student anti Semitic activities.
Speaker 7 (07:39):
I intend to shut down your universities.
Speaker 6 (07:41):
If you told us all these things when you apply
for a visa, we would deny your visa.
Speaker 5 (07:44):
I hope we would.
Speaker 6 (07:46):
If you actually end up doing that once you're in
this country on such a visa, we will revoke it.
And if you end up having a green card, not citizenship,
but a green card as a result of that visa
while you're here in those activities, we're going.
Speaker 7 (07:58):
To kick you out.
Speaker 4 (07:59):
To be fair, Democrats have a valid argument on the surface.
I mean, after all, the right of free speech and
that of protest is central to Western democracy. This is
one of the things that we Americans fight and die for. However,
what mister Khalil is doing is not simply exercising free speech.
(08:20):
For starters, Discriminary harassment, targeted threats, and incitement to imminent
violence are not covered by free speech protections, nor are
riots that result in property damage and the disruption of
another person's right to freely assemble. More importantly, mister Khalil
is not a citizen. He is a guest in our country.
(08:42):
If you invite someone into your home, you expect a
certain standard behavior while you're there in your house, don't you.
I mean, if your neighbor comes over and immediately starts
cussing out your kids, you're well within your rights to
ask them to leave. Your guest doesn't have a right,
pardon a game of throne reference here to have a
red wedding in your dining room. If you're planning to
(09:05):
murder the people you're eating with, you've kind of worn
out your welcome, haven't you. In short, this is us
asking nicely for you to leave, mister Khalil. Don't make
us ask again. After the break, we'll talk about immigration
policy and the problem with sanctuary cities. I'm Jeff Lewis,
(09:25):
and you're listening to That's the bottom Line on news
talk radio AM five sixty kl v I.
Speaker 1 (09:33):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 11 (09:41):
The power to tax is the power to disperl it.
Speaker 12 (09:44):
Taxes affect your paycheck, your plans, not even your peace
of mind.
Speaker 11 (09:49):
But this tax season leaves the stress to us.
Speaker 12 (09:54):
This is Gene Valeraniut Asset Growth Associates. We make filing
income tax return simple, accurate, and stress free. If you're
fifty year older, you could qualify for a low price
of ninety nine dollars to file your return. So when
it comes to your taxes, every detail matters, every time.
(10:18):
Call us four O nine eighty four oh sixty nine
hundred er visit Save myretirement dot com.
Speaker 11 (10:25):
Do it today.
Speaker 12 (10:27):
Taxes are everything. Let's make them work for you. Are
you thinking about starting your Social Security benefits early? Before
you decide, let's talk about the big picture. Claiming benefits
before your full retirement age, whether it's sixty six, sixty seven,
(10:48):
or somewhere in between, can reduce your monthly income by
up to thirty percent. That could mean thousands of dollars
less every year, and once.
Speaker 11 (10:59):
You start, there's no going back.
Speaker 12 (11:02):
Here's the unintended consequence that smaller check could limit your
ability to enjoy retirement, cover healthcare costs, or leave a
legacy for you and your loved ones. And if you
live longer than you expect, those reduced benefits might not
be enough. But don't worry. We're here to help. At
(11:24):
Asset Growth Associates specialize in creating smart strategies for social
security and retirement income will help you maximize your benefits
and secure your future. Call four oh nine eight four
sixty nine one hundred today or visit savemyretirement dot com
(11:49):
for your free social security analysis. Let's make sure your
retirement works for you, not against you. Plant smarter retire bet.
Speaker 13 (12:05):
If you owe the i R S five thousand dollars
or more, don't call an unknown eight hundred number. Instead
personally meet with us to review your IRS problem. And
if you want to pay the i R S nothing
or less than you owe, we can set up a
fresh start agreement with the i R S. We can
(12:28):
help you. Ladies and gentlemen can call us whole free
at one eight six six seven two eight three six
nine seven.
Speaker 1 (12:36):
We're just trying to turn a nickel into one dime.
Speaker 3 (12:39):
That's the bottom line.
Speaker 1 (12:46):
We will move now from now.
Speaker 3 (12:51):
Will you can't even look stree.
Speaker 4 (13:12):
Welcome back to that's the bottom line. Here on news
talk radio AM five sixty klv I and on iHeartRadio
once again. I'm Jeff Lewis, an investment advisor representative here
at Asset Growth Associates.
Speaker 5 (13:27):
Again.
Speaker 4 (13:27):
You can visit us at savemyretirement dot com. Or if
you just want to speak to a real person about
your retirement or tax needs, go ahead and give us
a call toll free at eight sixty six seven two
eight thirty six ninety seven. Or if you live here
in the Golden Triangle, you can use our local number
four zero nine eight four zero sixty nine hundred. You'll
(13:51):
be glad that you did so. Big city mayors were
forced to defend their positions on sanctuary cities this last
week before Congress. Havn't defied federal immigration law for the
last several years. Here's what they had to say for themselves.
Mayor Mike Johnson of Denver lead us off.
Speaker 14 (14:12):
Americans expect us to do more than point fingers. They
expect us to solve problems. So if Denver can find
a way to put aside our ideological differences, long enough
to manage a crisis we didn't choose or create. It
seems only fair to ask that the body that is
actually charged with solving this national problem, this Congress, can
finally commit to do the same.
Speaker 4 (14:33):
Okay, so let's get this straight. The mayor of Denver says,
we didn't choose to create this crisis. It just sort
of happened when we let all the illegal immigrants. They hear,
so like, do your job, Congress and quit being so ideological.
Yeah that makes sense. I mean Article six supremacy clause
and all that. Okay, let's see what the extremely popular
(14:57):
mayor of Chicago has to say. He's got this a
ninety percent approval rate. Wow, I'm impressed. Wait, I'm holding
this upside down. Oh what zero six? And do what
he's balling at six percent?
Speaker 15 (15:11):
I know there are myths about these laws, but we
must not let mischaracterizations and fear mongering obscure the reality
that Chicago's crime rates are trending down. We still have
a long way to go, but sensationalizing tragedy in the
name of political expediency is not governing its grand standing.
Speaker 4 (15:31):
The worst homicide rate in the nation is heading down,
so y'all quit grand standing. Dude, you literally have the
vote share of Donald Trump in the district of Columbia.
Just stop, all right, Who's next? Michelle wou Boston? This
should be good.
Speaker 7 (15:50):
So do every one of my neighbors back in Boston
know this. You belong here, This is your home.
Speaker 4 (15:58):
She could have only been more conden sent thing if
she had tried to do in Spanish with one of
those fake accents.
Speaker 11 (16:04):
I me ukasa.
Speaker 4 (16:05):
Anyway, while Democratic mayors are trying to convince you of
their moral superiority, not everyone is buying it. Here's the
vice president telling the left that there's a new sheriff
in town.
Speaker 9 (16:17):
But importantly, importantly, on this question of immigration, we have
to recognize that, yes, you can disagree with some of
the laws that are in place. You can disagree with
the enforcement of those laws. You can even vote for
people who want to change those laws. But while we
have immigration laws on the books, we will enforce them
(16:40):
and we expect our local municipalities.
Speaker 7 (16:43):
To help them.
Speaker 4 (16:43):
Okay, I'm buying it. I mean, what lunatic would let
convicted murderers from a foreign country loose onto the streets?
Speaker 7 (16:51):
Why? Why?
Speaker 16 (16:55):
After that individual's criminal justice sentence is served. Why would
a city leader release that individual onto the streets and
refuse to cooperate with immigration authorities? Just something that I
fought as the deputy secretary of Homeland Security.
Speaker 4 (17:15):
Oh yeah, that guy, former Homeland Security secretary May yorkists.
I don't know, mister secretary, why did you? Maybe it
was the policy of your boss, the big guy, Joe Biden.
Of course, maybe I just expect too much. I mean,
what president would actually have a foreign policy designed to
(17:36):
enforce the nation's laws.
Speaker 9 (17:37):
So it will be the policy of the Trump administration
to enforce the nation's laws, and it will be the
policy of the Trump administration to say that it is
not up to local cities to choose which federal laws
that they're going to enforce. It's important. We can't do
immigration enforcement with sanctuary cities. We've got to have everybody
respecting the law. And that is going to be one
(17:59):
of the bigin major policy focuses, of course, of the
Trump administration, and it already has.
Speaker 4 (18:04):
That's right. I forgot. We didn't need new policy, we
just needed a new president. Apparently, one series about the
issues that Americans care about the most, one that puts Americans. First,
by comparison, the Democrats look weak, and you know, it's
starting to have an impact on the electorate. For the
first time in my adult life, Republicans actually outnumbered Democrats
(18:28):
in party identification. That's because Republicans are actually out there
leading for a change and presenting policies actually designed to
make a change. Trump's speech last week reinforced that. In fact,
Democratic polster Mark Penn had this insight following the speech, and.
Speaker 5 (18:47):
I just think the idea of the Democrats thinking they
could sit there through this and not kind of the
part of the pop guns. But Trump that was probably
his best you know, I think his best speech ever, really,
and I think the emotional power of the examples and
the stories that he told. And I'm looking at some
(19:09):
of the poll numbers, you know, coming back on it
was very strong, and the Democrats look look so and
Democratic numbers are really tanking. They are at the lowest
point that I had ever seen the Democratic Party since
maybe you know, the days that had lost forty nine states.
Speaker 4 (19:27):
Now, I mean, I think it's probably a reach for
Republicans to win forty nine states like they did in
eighty four. But well, unless maybe Joe Biden goes out
of retirement. But let's be honest. When parties lose, they
course correct, they make adjustments, they learn from their mistakes.
Surely the Democrats get that right.
Speaker 7 (19:47):
It's unbelievable.
Speaker 5 (19:49):
They don't get it.
Speaker 17 (19:50):
They don't get it now, and I think they're going
to end up being a minor party if they keep
going like this because people don't want to hear about
these stupid ideas that they have.
Speaker 4 (20:00):
I mean, he's right to some extent. It's not that
the Democrats don't have ideas, it's that they're dangerous. Seriously,
if you're Jewish, would you let your kid go to
a university like Columbia where your son is at risk
of being targeted by an anti Semitic mob, Or would
you like it if your little girl is subjected to
chance of infantata because of the star she runs around
(20:22):
her neck for.
Speaker 7 (20:23):
Crying out low. This madness has to stop.
Speaker 4 (20:26):
The speaker is right, The madness has to stop. Coming
up next, what's up with the economy and all these tariffs?
It's this week's thirty Little Secret. I'm Jeff Lewis, and
you're listening to that's the bottom line on News Talk
Radio AMFI sixty KLBI.
Speaker 1 (20:43):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 12 (20:51):
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Will give you.
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Your risk number for free. Visit what is my risk Number?
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Speaker 11 (22:44):
Again?
Speaker 18 (22:44):
What is my risk number?
Speaker 11 (22:46):
Dot com?
Speaker 1 (22:47):
We're just trying to turn ancke into a dime. That's
the bottom line.
Speaker 4 (22:53):
We're back with. That's the bottom line here on news
talk radio AM five sixty KLBI and on iHeartRadio again,
I'm Jeff Lewis. Remember for any of your investment, tax
or medicare questions, we'll be glad to talk to you
here at ATSI Growth Associates. You can call us toll
free at eight six six seven to eight thirty six
(23:16):
ninety seven, or if you're local here in Southeast Texas
at four zero nine eight four zero sixty nine hundred.
Speaking of investments, portfolios everywhere are down so far this year,
and that's given us some new life to critics of
President Trump who are challenging the administration on its economic policy,
(23:37):
particularly in regards to tariffs. The President threw some fuel
on the fire this week when he dodged a question
related to the R wordy.
Speaker 19 (23:47):
Are you expecting a reception this year?
Speaker 17 (23:52):
I hate to predict things like that. There is a
period of transition because what we're doing is very big.
We're bringing health back to America. That's a big thing,
and there are always periods of it takes a little time.
It takes a little time.
Speaker 4 (24:10):
Now, let's be honest. If there's one thing President Trump
loves doing, it's speculating on these kinds of things. It's
the first real time this term the President's put been
put on the defensive. So as any good coach knows,
what's the very best defense, a strong offense.
Speaker 20 (24:29):
Well, there's a lots of unpack there. So let me
start by saying that, first of all, when it comes
to the stock market, the numbers that we see today,
the numbers we saw yesterday, the numbers we see we'll
see tomorrow, are a snapshot of a moment of time.
And as President Trump has said, and I'm here to
echo the remarks of this president of this White House,
we are in a period of economic transition. We are
(24:50):
in a period of transition. From the mess that was
created under Joe Biden. In the previous administration, Joe Biden
left this country in an economic disaster. Several statistics to
point out that delinkuidceever on credit card loans, increased sixty
three percent under Joe Biden, hitting a near twelve year high.
Under Joe Biden, all net job growth went to foreign
(25:12):
born Americans. Real wages declined by one and a half
percent under Joe Biden, and as we all know, in
this administration continues to combat crisis sword more than twenty
percent under Joe Biden because of its reckless spending and
economic policies.
Speaker 4 (25:27):
White House Press Secretary Caroline Levitt unloaded on the previous administration,
reminding the country just how badly Bidenomics were for the
last four years. Her points are valid, No one really
expects immediate economic recovery. The key word here, though, is transition.
You'll notice she said that word more than once. So
(25:50):
what is she talking about? What are we transitioning from
or transitioning to? Here's your dirty little secret. Not talking
about a mirror change in policy, but a complete shift
in economic theory. She's talking about moving away from Kannesian
economic theory. Now, most of you probably don't remember a
(26:13):
lot from your economics classes in college. It was really
hard for me to stay away through the too. But
this is important, so let's talk about it. Most economic
theories today, particularly by people in government and especially by
those on the left, adhere to what we call Kansian economics.
John Maynard Keynes was a British economist who taught in
(26:34):
a nutshell that government intervention is critical to keeping the
economy stabilized, and through government spending you can stimulate demand. Basically,
the value of the product is more important than the
product itself. It doesn't matter what or how much you produce.
But the focus is on monetary policy. This is the
(26:57):
whole premise of centralized banking and why we have the
Federal reserve. Trump is trying to shift from this model
of economic thought back towards the more classical libertarian position
of Friedrich Kayak and the Austrian economists who put more
emphasis on free markets. Hyak countered that government is inherently
(27:20):
wasteful and that over use of monetary policy to stimulate
the economy would result in increasing federal debt and rising inflation.
In other words, the manufactured product is more important than
the currency which with you buy those products. Now, what's
(27:40):
interesting is that Trump is utilizing tariffs to achieve this.
Tariffs are part of Kynesian economic theory hiak and horbitom.
Yet we see Trump engaging in a tariff standoff with
multiple nations. So why isn't this counterproductive? Listen to what
he's saying here in this next clip. The whole point
(28:00):
is to remember that Trump isn't imposing their terrafts because
he wants more tariffs. Instead, they're serving two purposes. The
first is to coerce other nations into making changes to
their policies, particularly where it relates to our own security.
The goal here isn't actually economic at all. Rather, Trump
is using it, for example, to coerce Mexico and China,
(28:23):
or Mexico and Canada to help secure our mutual borders,
particularly as it relates to the flow a Chinese spentnol
into our country. The second purpose is economic, but ironically
to make markets freer, not more restrictive. The concept here
is reciprocity. Reciprocal terraffs mirror the trade barriers other countries
(28:44):
place on us into entering their markets, showing how inherently
unfair other nations are while they scream to be let
into our markets without penalty. Think NAFTA.
Speaker 14 (28:55):
We've been treated very unfairly.
Speaker 19 (28:58):
We've been treated very unfairly, but we've been treated very
and fairly by every country all over the world.
Speaker 7 (29:04):
The European Union is horrible, horrible, and we're going to
get it back. And I have a choice.
Speaker 19 (29:11):
I could just coast and eventually there'd be a blow
up down the road, maybe a long way. But we
owe thirty six trillion dollars and we're going to get
it back.
Speaker 18 (29:22):
Right now.
Speaker 19 (29:22):
We're like a chicken that's being plucked at from all
over the world.
Speaker 7 (29:26):
We're not gonna let that happen anymore.
Speaker 4 (29:27):
As Trump says, we owe thirty six trillion dollars because
we're borrowing money to keep our own economy afloat. Through
caneesine theory, having money is not the same thing as
having wealth. Money only matters when you know what it's
capable of purchasing. The remedy for our debt is to
rebuild our own manufacturing base. The problem is that a
(29:48):
lot of our industries have been shifted overseas. Trump wants
them brought home. That's going to result in major economic disturbance,
and that's why you're seeing the markets react with such volatility.
This is precisely what Fox Business analyst Charlie Gasparino is
talking about here.
Speaker 21 (30:05):
I mean, the market's not factoring in the good stuff
that Trump's doing, which is cutting taxes, cutting the regulation,
weaning the government, weaning the economy, the private economy wolf
government is a huge thing. It's going to take a
little pain. Think of reverse Kindsi in economics.
Speaker 22 (30:21):
Instead of spending your way into a into positive job growth,
you're cutting and you're trying to get the private economy
to do that, because if you allow the government to
do that, we're gonna get a lot of debt and
then you definitely have fiscal lumburghetting.
Speaker 7 (30:36):
So this is this is a transitionary.
Speaker 4 (30:37):
Period and gene Vaalerani is next with this week's solutions segment.
Speaker 1 (30:43):
We're just trying to turn a neckel into a that's
the bottom.
Speaker 12 (30:47):
Line planning your financial future. Taxes can be one of
your biggest expenses in retirement, but they don't have to be.
Speaker 11 (31:00):
With a tax efficient distribution.
Speaker 12 (31:03):
Plan, you can keep more of what you've worked so
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Here's how it works.
Speaker 12 (31:10):
We help you strategically withdraw from your accounts to reduce
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(31:35):
income steady. Take control of your financial future. Let's make
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four oh nine eight four h sixty nine hundred to
day or visit savemretirement dot com to schedule your free consultation.
(31:55):
Your investment deserves a plan as unique as your goals.
Smart investments, smart techs strategies.
Speaker 4 (32:08):
Are you tired of watching your investments rise and fall
with the market. What if you could have growth potential
without the risk of losing your hard earned money. This
is Jeff Lewis with Asset Growth Associates. If this sounds interesting,
then you need to ask us about a principal protection plan,
a smart financial solution designed to protect your money in
a down market while capturing market linked returns while the
(32:32):
market goes up. No market losses, market leaked gains, peace
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(32:53):
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or visit us at Save my Retirement.
Speaker 1 (33:01):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 11 (33:06):
Welcome back, ladies and gentlemen.
Speaker 12 (33:08):
This is Gene Valerani joining the report this morning in
our Solution segment, and for every problem, we want to
tell you there is a solution. And today's Solution segment,
as always, wants our listeners to know if they want
to avoid losses in their financial investments, there are ways
(33:30):
to do it, and one way would be to call
us an Asset Growth Associates where money can be set
aside to earn market link returns without exposure to market
link losses. And what these accounts offers essentially risk free
market returns, providing as I just said, freedom from losses,
(33:53):
and these accounts do not lose value when the market
declines and there's a panic like we've been going through
here for a few days with these these terrorfores that
are occurring the contract remains fully solvent during a downturn
because the plan that we issue through our work with
(34:15):
Asset Growth Associates is designed to not lose value and
previous earnings when the market retreats, you don't lose anything. Sometimes,
you know, when the market goes down, it could take
years to get back to work it was to start with,
but not so with the Principal Protection plan issued through
(34:40):
our work at Asset Growth Associates.
Speaker 11 (34:43):
I want you to call us four.
Speaker 12 (34:45):
O nine eight four h sixty nine hundreds at a
time to visit with us, and we will absolutely help
you save your retirement money. These accounts do not lose
value during a decline and there can t actually guaranteed
not to do so. Then when the market goes back up,
(35:05):
guess what, These accounts resume earning money immediately. So while
investors directly in the market are playing catch up and
just trying to get back to where they were, principal
protection investors are already adding more earnings and moving forward,
moving ahead and already adding earnings in the process, and
(35:29):
they've never lost anything while the market was in decline.
And these accounts are great, a great way to grow
an investment, especially grow a nest egg without exposing it
to market de clients that Asset Growth Associates. We've been
helping our clients grow these accounts without ever having to
(35:49):
worry about losing value during a downturn. The market always
comes back, but may not do so on your individual timeline,
especially if you're already retired. In finding out that you've
just run out of investment money at an older age,
why not just call us at Asset Growth Associates, where
(36:12):
you can participate in plans that earn market linked returns
without exposing your account to market linked downturns. Listen to me,
there's nothing wrong with not losing money, and the same
goes with plans that provide such safety. The phone number
(36:33):
for you to call is four oh nine eight four
oh sixty nine one hundred toll free one eight six
six seven two eight three six nine seven. We can
also be reached online at savemyretirement dot com. We have
been offering these plans for decades. I know you're watching TV.
(36:55):
You see that there's a lot of people on television
to talking about literally the same thing. Well, you don't
have to call someone on the other side of the country.
You can call us right here in Beaumont, Texas one
eight six six seven to eight three six nine seven.
We've been offering these plans for decades as well as
(37:18):
regular investments because we do that too. We offer such
accounts because they offer long term security, and the plans
available do not tie up your money for decades, so
get that out of your mind. Doesn't tie your money
up because if you need to dip into your account
or begin drawing an income from them, they're readily available.
(37:42):
I want you to know that now you've heard me
promoting principal protection plans for decades now, and our company's
going to be doing so for the years ahead. Our
work is to provide safe investments for those who become
our client, and listen to me, We're committed to continue
(38:03):
doing so for the years ahead. It's not worth the
aggravation of gaining money and then see a shrink away
during a downturn brought on by a panic on Wall Street.
Where you can have the peace of mind of knowing
your nest egg is fully safe and available to you
when others are seeing their nest eggs decline due to
(38:26):
a fickle stock market that asset growth associates. We are
client oriented. I want you to call us soon for
an appointment where you can learn how these plans work.
And by by the way, they bypass probate. So you
name a beneficiary, you never have to worry about funds
(38:47):
being tied up in probate when you pass away if
you have a named beneficiary, because these accounts are issued
by life insurance companies, and unlike money in banks, every
dollar's backed up, not just a portion of it. You've
heard me talk about that before these plans can be
(39:07):
cashed out for their full value. They can be designed
for lifetime income payments that cannot be outlived, and they
can also be passed on to name beneficiaries without getting
tied up in probate. So pay attention. There are ways
to bypass a shaky stock market. And as you know
(39:29):
right now, we're going through a little downturn and we
don't want you to get all shook outs because the
market will come back and just just got to come
back on your timeline, right call me call our office
four oh nine eight four h sixty nine hundred. If
you live in faraway places one eight six six seven
two eight three six nine seven and We can also
(39:53):
be reached online by logging on to Save my retirement
dot com.
Speaker 11 (39:58):
Listen. Hope you hear from your Where's just trying.
Speaker 1 (40:01):
To turn a necke in?
Speaker 3 (40:02):
Doo u die? That's the bottom line.
Speaker 1 (40:06):
Where's just trying to turn a necke in?
Speaker 18 (40:08):
Who die?
Speaker 3 (40:09):
That's the bottom line.
Speaker 4 (40:24):
Thank you for listening today. So that's the bottom line
on news talk radio AM five sixty KLBI plus to
those of you that tuned in via podcast, through iHeartRadio
or through our website at savemyretirement dot com. Again, you
can tune in next time at six am on Saturday
or at eleven am on Sundays. And of course you
(40:47):
can listen to all our previous broadcasts anytime any day
on demand online.
Speaker 13 (40:53):
Again.
Speaker 4 (40:54):
If you decide to contact any of us here at
ASSEK or the associates, give us a call at four
zero nine eight for zero sixty nine hundred or toll
free at eight six six seven to eight thirty six
ninety seven. Our physical address in Beaumont is at thirteen
ninety one Calder Avenue, a block from the intersection of
(41:16):
MLK and Calder. I really hope you enjoyed this week's broadcast.
I hope that you got a little insight into what's
really happening with the economy and in the world around us.
We know your time is important, and that means giving
you an informative and a substance discussion on issues relevant
to you. Whether it's current events or national politics, you
(41:37):
can count on. That's the bottom line, to deliver frank,
straightforward analysis of the stories that affect you. Hey, there's
no denying that the terift these days are create uncertainty
for a lot of people and that makes for volatility
in the market. Maybe it's time you take a different
approach to your retirement. If you have a retirement account
(41:58):
or a CD that's been sitting and you don't know
what to do with it, well, chances are we do.
This is what we do, and we do it well.
If you're wanting to be actively involved in the market,
our advisory services can help design a portfolio that suits
your risk tolerance and return expectations. If you're a little
(42:18):
bit more tentative when it comes to getting into market
right now now, again, there's nothing to worry about. We've
still got your back. At Asset Growth Associates, We've got
the experience and name you can trust. We know how
to handle your money consistently, safely, and always with your
best interest in mind. If you're turning sixty five or
(42:42):
looking to come off your group insurance when you retire,
we've got answers for your Medicare questions. We know it's
no joke. The federal government is fantastic at making stuff
as complicated as possible. And guess who's fault it is
if something gets screwed up. That's right, it ain't Uncle Sam,
it's yours.
Speaker 7 (43:00):
So give us a holler.
Speaker 4 (43:01):
We'll get you sorted out. Remember it's still income tax season,
so if you're over age fifty and you want to
take advantage of our senior tax filing for ninety nine bucks,
you definitely want to call us for an appointment. I'm
Jeff Lewis for gene Vallerani and everyone here at asset
or the Associates made Lord bless you, keep you until
next week. That's the bottom line.
Speaker 3 (43:22):
That's the bottom line.
Speaker 2 (43:25):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting Savemiretirement dot com
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