Decoding the Federal Reserve: Joey Laswell Discusses Interest Rates, Housing, and AI

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.

Chapters

• 0:00 Financial Impact of Fed Rate Cut
• 6:41 Understanding the Federal Reserve
• 19:56 Artificial Intelligence Impact on Job Market
• 31:27 AI Impacts on Society and Housing
• 38:37 Affordable Housing Market Challenges
• 46:47 Economic Recession and Inequality Discussion
• 59:03 Honoring Veterans on Military Broadcast Radio

Transcript

Speaker 1: 0:00

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Speaker 2: 0:29

Military Broadcast Radio, the station that's giving veterans a voice. Find us on the web at mbradious.

Speaker 4: 0:39

Opinions.

Speaker 5: 0:40

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, north Korea, isis, al Qaeda they may be watching this right now. Our military should not be mistaken for our cable news gab fest show. We don't care what you look like. You don't care who you voted for, who you worship, what you worship, who you love. It doesn't matter if your dad left you millions when he died or if you knew who your father was. We have been honed into a machine of lethal moving parts that you would be wise to avoid. 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 you want war with the United States of America, there's one thing I can promise you, so help me God, someone else will raise your sons and daughters.

Speaker 4: 1:52

Opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of any entities they represent. Find us on the web at mbradious. Hello welcome.

Speaker 6: 2:10

My name is joey and I am the host of the new my name is military show. All right, hey, actually, uh sorry, h uh, I need to. I need to do a new intro.

Speaker 7: 2:23

Okay.

Speaker 6: 2:24

Yeah, so I usually just kind of skip past that intro because it's really hard to hear.

Speaker 7: 2:29

All right, well, you know, I'll fix that here. Ladies and gentlemen, broadcasting from Tennessee Joey Lassley, aka the FIO Social Worker.

Speaker 6: 2:43

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 is running the ones and twos behind the scenes and we're going to have a little bit of chat about some financial topics. But ultimately we're going to we're going to have a little bit of chat about some some financial topics, but ultimately, you know, we're going to we're going to talk about a few different things. We're going to talk about the Fed rate cut or the interest rate cut and, you know, just talk about some some trending topics that are going on in in the world of finance. So, just, so, just.

Speaker 6: 3:21

This is money in the military. I'm a certified financial social worker. I was in the Air Force for 14 years and then I paid off $20,000 of debt while I was active duty within three years as an E3. So that's kind of like. I got really into personal finance and so I've been really passionate about that ever since, and that was 10, 12 years ago now. Since then I became a social worker. Now I'm a certified financial social worker. We get into dealing with finances but then also dealing with the psychology behind finances, the mental side of things. So that's kind of where I'm at now, and I got hooked up with MBR back in when they first announced the launch of this endeavor, or at least when the VA had their newsletter back in January. January, january, yes, so it's been a good time's been part of a good time it's been a great time.

Speaker 6: 4:29

Man like, uh, you know, just, the team that you've built, joel, has just been amazing. We've got like what, 40, 40 podcasts it's.

Speaker 7: 4:36

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 you what. Let's jump into this Now, joey.

Speaker 7: 4:47

We've got some segments and some stuff that We've pulled up off trending, and the one thing that I've Learned from radio For me is, with all this mumbo jumbo, like I don't, I don't understand this. I know a lot of people probably don'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 like I'm a kindergartner, okay, is how is this going to affect me? You know cause, as soon as I saw this news, the first thing that I did was okay, well, you know, 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 that I've got like I thought it was.

Speaker 7: 5:39

I thought it was big at the time. Uh, I put like 250 dollars in and then I was paying $50 a month with Robin Hood doing Southwest Airlines. Well, that was a flop. So you know, I'm lucky if I've got like $200 in there now. So when I see this, this thing federal, you know, and there's other things, but this is like the top story. Break it down to me, joey, like I'm a single soldier living in the barracks. Why should I give a shit about this?

Speaker 6: 6:20

Yeah, I mean that's a great jumping off point. I mean that's a great jumping off point. You actually asked me earlier about this and I was like, because I'm into the personal side of finance but when you get into the federal side of finances you almost have to have an economics degree to be able to talk eloquently about that. But in preparing for this after you had recommended it, I did a little bit of research and I started kind of relearning some of this stuff because you know, the thing about finance is that it's a very broad field and there's so many specialties and subspecialties and everything.

Speaker 6: 7:01

So yeah, I kind of wanted to do a look, a little bit of breakdown of kind of what the Federal Reserve is. I watched some videos to kind of refresh. But ultimately the Federal Reserve is like they're like the big centralized bank for other banks. So part of what happened in the I think it was 1917 or 1913, before the Federal Reserve was created you'd have all these independent banks, you know, and they were just like they were just private businesses that would lend out money and then you remember the movie Big Short and I was waiting for that shit to happen again, literally.

Speaker 7: 7:48

Because, it even says in the credits after the movie the Big Short, that the same thing is happening all over again. And the reason why the same thing is happening all over again is, I guess, because when Obama was president. Is I guess because when Obama was president, like he bailed everybody out but he didn't set rules and regulations to counter so that it wouldn't ever happen again. So we're in that same boat and you know, once again it's hard to put all that on a president when he doesn't really know the financial status or like the loop in the system. Uh, so you know, that's, that's milk.

Speaker 7: 8:29

You know we can't go back to that right but you know, I don't know if they can fix that now. I don't know if they establish those rules and boundaries that he was talking about. I don't know if that would make a difference now or not.

Speaker 6: 8:44

Right, yeah, and I think we're so far removed from that scenario that we've kind of lost our memory of it.

Speaker 6: 8:51

And we do have the potential of repeating some of those same mistakes, and a lot of people are looking at the housing market as being overinflated. And a lot of people that are looking at houses they're that's legit, this legit. You know, like the houses, the the market, it may not be as overinflated as it was in 2007, 2008, but it's still. You know, you, you go talk to a realtor, you go talk to somebody looking at a house and they're telling you that it's, it's, it's overinflated.

Speaker 7: 9:19

So right and and from what I understand, from what you're saying, is they're thinking that if they lower the interest rate by a bunch, that they can put more people to work, because it will be less like construction, because if the construction, if they make it lower, then more people will. Oh okay, I'm going to beautify it and all that stuff.

Speaker 6: 9:53

Yeah, yeah, yeah, basically the idea behind lowering the rates is to kind of incentivize people to buy, because if the mortgage rates start to go down which they estimate that they'll go below six, but I don't know by how much so in theory, if you know, mortgage rates are a little bit more enticing than it might, it might 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 like there's like all these spinning plates with the economy and you know what the Federal Reserve is trying to do is trying to balance a lot of these spinning plates by by controlling the interest rates of the whole 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 looking at unemployment, they're looking at, you know, the housing markets, the stock market and just the overall pulse of the economy, you know. So, yeah, I mean it's a, it's a very, it's a very delicate balance.

Speaker 6: 11:00

And you know, sometimes it's one of those things that you don't know how good or bad it was until you know, historically, you start to, you know, analyze it, cause I did see a piece about how, in the seventies and eighties, when there was like a really bad inflation, the federal reserve at the time, one of the guys that that jumped in in. He really raised rates aggressively and a lot of people were like you're killing us. You're killing us, but the thing 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 30 years was really on point, from that period to almost up into the nineties. So it's, it's kind of like some wizardry that a lot of stuff that's going on that you know. Even even I'm just, like you know, trying to catch up and trying to understand. Like, okay, what, what is you know? What is this? What is this 50% or sorry, not 50% 0.5% interest rate decrease going to do for an everyday consumer?

Speaker 7: 12:09

like you and I that's what I was getting ready to say. Like you know, they sent out those economic stimulus checks and you know those majority of Americans, especially at that point in time, they, most of their income, was going to pay the interest off of credit cards. Because we've been living off credit cards. And you know, look, we can sit here and gripe about, hey, everybody needs to buy American, everybody needs to buy American. But the problem is is, just like Harley Davidson, you know, who has enough money to Pay 65, 75 Thousand dollars for a motorcycle, I think what they needed to do instead of the stimulus check and correct me if I'm Wrong I think what they needed to do is I think they needed to just say hey, you know, businesses like Walmart and stuff like that, anything that is American made.

Speaker 7: 13:05

You know businesses like Walmart and stuff like that, anything that is American made. You know we're going to give you a voucher. We're going to give you a voucher so that when you go to the stores and you buy this stuff, it's not going to be as expensive. They're still doing the same thing, but you can't give people money and expect them to like look on the tags, is this American? Is this American? Because that stimulus check isn't going to do anything if you're buying something from China or if you're buying something from Taiwan, or am I wrong?

Speaker 6: 13:44

Well, yeah, I mean I hear what you're saying, like I think that you know that would have been a good idea, honestly, to really stimulate American made products, you know, and stimulate local businesses. That would have been more impactful in the long run, I think, because really, like you said, people just kind of ended up buying whatever they wanted. In a lot of cases I know people that were splurging on just designer bags and things like that.

Speaker 7: 14:13

Yeah, people using EBT cards for candy bars and Twizzlers. I'm not saying anything's wrong with that, but you can't expect every american to spend their money wisely. You just can't, because not every american is at the same mental, uh capacity point as other people. I mean, you're, you're. You're a lot smarter than I am, joey. At least I can admit that.

Speaker 7: 14:45

Okay, and you have to understand that the majority of Americans, they don't understand how things work. I mean, my, my wife still drives the car and she's like well, I, you got to put oil in there, 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 tiktok with that woman saying, well, I just don't understand why they can't have a wireless hose, why can't they do a wireless hose? Why can't they do a wireless hose?

Speaker 7: 15:26

I mean, the customization and all this stuff.

Speaker 6: 15:29

you know it's like yeah, that's what we're working with. That's what the level of education and you know the stuff that gets shared nowadays. Hopefully that highlights that you know we do need. We do need financial literacy in more in need financial literacy more just out there in the world. That's kind of what I've been really trying to press for is financial literacy education.

Speaker 6: 15:56

Just talking about this kind of stuff, because somebody might be listening to our conversation and be like you know what I need to learn more about the Federal Reserve or you know that's.

Speaker 6: 16:04

That's basically what I did was as I started researching on it and then you know we can kind of share what we learned and then learn on the fly in some situations. So, like I did, I did bring up a little bit of a analysis and basically the the breakdown of the situation. The decision was that basically why they made the decision is like if the rates were raised, then this would have been done 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 do anything like they held steady, like they have been, then they would say that inflation is under control. And then they want to just kind of like keep, keep, keep the peace. But then they decided to lower, which you know hopefully encourages borrowing, you know so, basically, your credit card rates will theoretically go down, your mortgage rates, your car loan rates will go down in in order to try to encourage people to buy more and all this is theory.

Speaker 7: 17:10

All this is theory. It's just like all of its theory. Uh, when you go to a doctor, or especially a vet, they are troubleshooting with your wallet. They have no idea they're yeah all of its theory. That's the reason why you always need a second opinion. So yeah, I agree with you on that.

Speaker 6: 17:28

Yeah, yeah. So I think that was the thought process, you know, and time will tell whether or not they were 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, and sometimes they'll say things and try to message the you know, do messaging to try to, you know, basically sway the markets or sway, you know, because the global markets are watching what we do with the Fed, the Fed rate. So there are major implications all across the globe for this stuff. So I'm not even going to try to pretend to be a subject matter expert on this, but I'm definitely, 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 and all that interest Rate and all that stuff, they're attempting To do the same thing as A stimulus check, except, instead of Helping us, they're they're trying to encourage us To spend more money, probably so that we can send more money over to Ukraine.

Speaker 6: 18:49

Yeah, I mean. The thing is the Fed is supposed to be nonpolitical. They're not supposed to make any of their decisions based off of the policy.

Speaker 7: 18:57

That's like the FBI.

Speaker 6: 18:59

Yeah.

Speaker 6: 19:00

Yeah so as far as how much they actually do with that. That's one of those things where history will be the judge of how well they stayed out of politics or were they into politics. So, yeah, that's definitely. You know, it's all a smoke show a lot of times, but you know, like I said, if, if the world is watching, then hopefully what we said today and and or what they announced, um, actually does good for the global economy, but for the, for the American economy. You know, that's what most people care about. Like they could, they could care less about the global economy. So, and that's perfectly valid, because obviously we are America, we want to, we want to look out for America, right. So, and that's perfectly valid, because obviously we are America, we want to, we want to look out for America, right.

Speaker 6: 19:50

So, um, so yeah, it's, it's a delicate 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, a music break. I really liked this, andrew Roborow, is that how you say it? Break? I really like this, andrew Roborow, 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 song by Andrew Roborow called Bleed, red, white and Blue. I really like this song, so here 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 seen his face. Not much had changed, just a different time, different place. When I shook his hand, I knew something had changed. This was a different man from the 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 only seen on the front page with honor and glory. He stood so tall and fought for you 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 duty calls. Yes, I stand in line and watch the flag wheel be brang to the coast. Yes, I stand in line and watch them weep and pray. 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 the speakers and do not necessarily reflect the views or positions of 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 Military and my name is Joey. I have H in the background. He's running the ones and twos the sound and providing some commentary. Also, we're just kind of chatting about the Federal Reserve rate cut and just the implications and all that, and you know just having some good conversation 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 talk a little bit is you know another segment. What's trending right now is it says that jobless claims at the four-month low. Weekly jobless claims dropped their lowest level in four months, significantly continued strength in the labor market. However, there are concerns about potential disruptions from labor strikes, such as Boeing furloughs of employees. Well, I can tell you Boeing they're in a financial thing because of safety, especially since people like to kill other people Boeing furlough of employees due to a machinist strike, which could increase claims in the coming week, and that's provided by Yahoo Finance.

Speaker 7: 25:16

Yeah, I don't understand why they you know, like the president, right now that's in position. I don't know how they can brag about how, like, the job force is like so strong because you guys did this, Like we closed many businesses and many personal businesses. It's kind of like if you have a hose full of water and you're bending it okay and like no water's coming out, right, but then when you release that hose, wow, all that water is coming out. Oh look, I made it rain. No, you didn't. All you did was let everybody go back to work, so you didn't really create anything. It's just nice on paper, but it's not. You know, my wallet doesn't feel it. I don't care what it says on paper, my wallet doesn't feel it. So that's the way that I look at 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 claims over a period of time, you probably can see different trends. You know this is a four month period, so that's just a four month snapshot of time. So that's where, like, the Fed comes in and looks at the trends of the jobless rates and you know, like, if, if they're starting to increase, then obviously that's a sign that the economy is is going to is going to start not doing so well, so if they're indicating that they're going to be more job, jobless claims, then that's a that'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 I didn't know about this, but this is very true Did you have you ever heard of ghost jobs? Ghost jobs to where they put a post on, like Craigslist or indeed, or something, trying to get these people to to go for these higher jobs, so they know which employees are on the bubble and then when these people apply for these other jobs, they kind of give these other people that are below you know, new hires these Jobs, just so that they Don't have to To increase the wages Of employees that 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 doing that.

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 was somewhere and I was kind of hearing you know eavesdropping, whatever you want to call it. But I was kind of listening to this meeting and this guy was like, oh yeah, just, you know, we just need to make sure to put them through the hoops a little bit so that they focus on, you know, doing this part instead of this 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 the industry, or in a lot of industries, and I think there's a lot of Monte Carlo, like the shifting of jobs to, yeah, like you're saying, these ghost jobs Are companies trying to rig the system a little bit, you know, and and trying to, um, you know, like make make their company look either more profitable than they are or they're trying to, maybe even they're trying to juice the numbers, you know, to make it seem like they're hiring X amount of people because they have all these job postings up there. So, yeah, there's a. There's a lot of really shady stuff going on there, for sure, 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's going to do it. You know it's not. And we're kind of guilty too. I mean, I don't know how many people like go on the side of the road and see people, you know, with sign, hey, blah, blah. You know, yeah, we're. We're kind of like those people and we're asking, uh, these people that are driving up, which is like you know, the government or the outside society, hey, please help it. And they're just looking at us like, 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 I don't know if you have it there in tennessee, but here in colorado there's a lot of people using like, uh, squirt bottles or water and they're using like squeegees, trying to do, you know, kind of like in new york, where they're like, hey, let me wash your windows, you know kind of thing, you know, or they're selling roses.

Speaker 6: 30:23

I mean, at least they're attempting to do something yeah, yeah, and I honestly I'm kind of, um, I'm starting to get a little worried about um, how much ai is going to start uh, taking some of these 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. You know, people putting in information into a computer, like that used to be a job Like well, now you don't have that, you know let me kind of calm people'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 thing we we know this Okay. And then for some reason, ai doesn't realize that we have five fingers, not seven.

Speaker 7: 31:24

Okay so, yeah so those are the two things. So I I think, ultimately, even though AI is going to help and maybe take away from people, you're still going to need people You're still going to need. You're still going to need people to kind of like Fix it or, you know, tip it off, you know kind of thing. Look at computers. We thought computers Was oh, I got a blu-ray player. I'm going to have this for the whole, my whole Life. We have millennials right now. What the hell is a blu-ray player?

Speaker 6: 31:59

you know, because we we've expanded that yeah, yeah and and I mean it's, it's, it's a. You know, like I was thinking about this, the other day I found a bunch of my old blu-rays speaking of that, and you know, I have a blu-ray player. But you know, um, but there's actually a growing movement of people who, because it's so hard to find some movies and stuff online, and then, even if you buy them digitally, you don't truly own them because that company can just go under and then you have nothing, whereas you have a DVD or a Blu-ray. Then you have the physical, you know, 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, which is kind of funny because we've gotten so used to on-demand streaming and never really owning anything. You know, um, so that's kind of an interesting, just the social thing that I've noticed, uh, um, that that there's a you know. So that's kind of an interesting, just the social thing that I've noticed, that that that there's a.

Speaker 6: 33:00

You know like there's a big push for for records. You know, record sales have been through the roof lately over the past couple of years because people like it's like, it's like they're going against the grain of like. Instead of being all digital, like, they want analog, you know like, because it's, because it's tactile, it's, it's like a book instead of an e-book. People like still like a, a physical item, you know um. So I think in that sense, yeah, ai is here to stay, but it's, it's not gonna like, it's not gonna change, change a whole lot, but um, but yeah, with that, with that being said, we're going to take another quick break. 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 andrew rossborough.

Speaker 7: 33:49

Uh, he sings that. Um, he was. It's a friend of mine from high school, so it was kind of it was kind of it was kind of it was kind of it was kind of cool. You know what I'll? I'll play a song.

Speaker 7: 34:01

We're not going to play the, the chemistry club thing, we're going to play this nonprofit. That is a fantastic nonprofit and you know, if you're a veteran out there and you don't take anything from any of these shows, keep an eye on the non-profits. Maybe your outlet might not be skiing, or maybe your outlet might not be radio, maybe it might be horses or even planting. There's so many things out there. If you haven't found your purpose, if you haven't, if you haven't found your purpose, if you haven't found your outlet and reach out to us, we'll definitely put you to work, get you doing something, because, no matter what, when you're doing something for other people, it just makes you feel good.

Speaker 7: 34:53

So, with that being said, well, like Joey said, said, we're going to go on A music break and when we come back we're going to be talking. It looks like we're going to be talking about the housing market a little bit, unless Joey has something Other than that to speak of. So, whatever you do, stay with us, don't go away. You're listening to the station that's giving veterans a voice. You're listening to NBR Money in giving veterans a voice. You're listening to NBR Money in the Military.

Speaker 10: 35:20

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Speaker 4: 36:24

The people who have supported your country now need your support military broadcast radio, the station that's giving veterans a voice find us on the web at mbradious opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of any entities they represent find us on the web 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 watching on mbr talk on x, so that's pretty cool. Um, shout out to you guys watching on x. Um, you know, jump in the stream 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's not really a thing On here that Says anything about like Roku or anything. I think Roku is taking the count and putting it into twitter or x, whatever you want to call it. Uh, because I've been on twitter all day. Literally nobody's on there except political stuff. So I'm pretty sure that's roku. But Okay, all right.

Speaker 7: 37:58

So I saw this article in Yahoo Finance. Go figure, housing market is struggling. Despite the declining mortgage rates, the house market remains sluggish due to persistency. High home prices, except existing home sales, fell two and a half in August, with the median price hitting record For August at $416,700. Lower borrowing costs Might spur demand, but supplies constraints continue To pressure the market.

Speaker 7: 38:37

What I want to know is you know there's so many of these like little homes. You know that they've made. You know you can buy one of those like home things At Home Depot or those 3D market homes. My question is you know, why don't they smarten up and realize that? You know, why don't they smarten up and realize that you know not everybody can afford these $700,000, $800,000 homes? Why don't they start making like affordable houses, like let's go, let's try to tweak it back into the 80s or the 70s or the 90s or the 70s or the 90s and let's Try to make affordable budgeting Houses like less than $80,000 For a house, because that's how much my dad paid for his In Indiana. I don't understand that. I understand why builders Want to Build these big houses for big profits, but it doesn't do any 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.

Speaker 6: 40:02

You know they they only need like a, in some cases, maybe a two bedroom, one, one bath house, or two bed, two bath houses, if as a starter home, um, and maybe a three bed, two bath, um, you know, if you're a young family and then as you get bigger, maybe you get a bigger house.

Speaker 6: 40:19

But yeah, I think you bring up a great point that I think people don't necessarily want these giant houses anymore, and I think that's part of the reason why you know some of these. You know the market is shifting, you know, but the builders are not. They're not necessarily adjusting with the times, and I think that's that's part of where there's going to be like a little bit of a clash, where you know, like the market wants one thing, but then the builders are saying, okay, well, this is how we've been doing things for the last 30, 40, 50 years and they're probably more resistant to change, whereas there are some companies that are building, like you said, those 3D printing houses and more economical building practices. So there is some movement towards 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 that Well, it must not be that much, because when I go down the street 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 little while there and the problem with that is um is the, the building codes. So a lot of, a lot of um, localities are not, they're not, they're not built, they're not zoned for like small houses, they have to be like a certain lot size. So I think that's one of the issues that I've come across. And then, like when the ones that are built on wheels, they're technically labeled as RVs and like you can finance them as RVs, you can get them insured as RVs, but it requires a truck usually to to haul and move around and stuff and then you know it's. It's essentially an RV on a house on wheels and there's just the infrastructure just isn't really there to to kind of facilitate mass adoption of these tiny homes. So it would require and there are some companies and builders that are trying to build like little 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 community really a community based, communal based, and I've seen some. There's actually one in Tennessee that I was curious about to kind of drive through it, 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 in Georgia, that is that is coming up, that that is kind of like trying to, you know, like you said, trying to, uh trying to provide more affordable housing, you know, but then a smaller space which, uh, you know, which is probably easier to build and faster to build too. So we could theoretically get, you know, more people, um, in, at least at least people, at least the homeless population, get them out of the streets, but um, well they're, they're the housing residential is really really 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 normal person will buy an apartment. All they have to do is worry about the apartment. Well, now you know they're. They're creating these HOAs and having these clubhouses and these swimming and all this. Like I know a guy that just bought a townhome. His mortgage payment is $5,000 a month, which is crazy, and then he has to pay $ and some dollars for hoa. I mean that alone. If that doesn't spell cult, I don't know what does. But if you're in a house and you're not paying the hoa, I'm going to tell you right now stay put yeah, don't get greedy.

Speaker 7: 44:15

You know, we Learned in the military joy that it Doesn't matter how big your house is. When you move from one room that's small To a bigger room, what happens? You just Accumulate more shit. That's all that Happens. Absolutely a bigger house. Nothing's going nothing. Nothing's going To change except change, except bigger stuff. And then when you move to a smaller, then you're forced to get a U-Haul or a shed or something like that. That's the biggest thing. When I first got married, I had this house and my house paid off and my house, you know my my wife kept telling me oh, we want a bigger house, we want a bigger house. I'm like you know what I tell you not to be rude or anything, because you know I got TBI. I have no filter. But until you pop out a kid and we have to worry about, like School district or you know different school zones and stuff, we're good right now, you know.

Speaker 7: 45:26

A two bedroom. Well, I made this in a four bedroom, but a two bedroom Like two bath house Is plenty big For a newlywed. Yeah, and like when I bought my house, I bought my on a va foreclosure. You can actually go on a website they have like a va foreclosure website to where you know you can use your va loan and you can buy a foreclosure. I bought my house for a hundred thousand in like 2008 nice, so you bought at the right time, for sure I, I bought on the bubble, I bought on the bubble yes exactly well, I don't have a bubble.

Speaker 7: 46:10

I got a fix right, but you know when the bubble was yeah really, you know they were like oh, low income families. Let's do you on his bubble, everything will be OK. Don't worry about that. You know, kind of like, what they're doing here. I'm telling you everybody is all happy about this, this, this rate decrease, but I think it's just 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 I think 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 since 2009. I don't care what anybody says. We've been in a recession since 2009. And what Makes it even worse? Let's talk about 9-11. Since 9-11 came and passed, but out of all the airlines, which airline is doing free bags? Only one, right. Why are they the only ones doing free bags? And like they've changed it to like assigned seating. Nothing's changed. When you go to businesses, hey, I want a donation, blah, blah, blah. You know their story is always oh, you know, times are tough, blah, blah, blah. Well, tell me, if times are tough, then why? On your taxes, or whatever they call it, why are their income? What's the proper name for that? Joey, they get that. What word am I looking for? What word am I looking for, gosh? I can't remember the word I'm looking for, but basically, their income is more than their outcome.

Speaker 7: 48:11

Yeah, okay Do you know what I'm saying. Like the profit margins their profit margins are higher Now. Margins their profit margins are higher, yeah, now their profit margins are higher, yeah. Why is that? We are in a recession? Because companies are getting greedy and the top people aren't saying anything because it's not affecting them. Nobody gives a shit if it doesn't affect them. 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 not worried about it because, um, they're, they're getting the benefits you know the CEO is making, you know, a hundred times more, 200 times more than the the lowest paid worker. So, yeah, there's a lot of income inequality and and and uh um, disparity there. That that uh is is really rampant and you know. And then at the bottom of the people at the ground floor are the ones that are suffering, you know. So it's really frustrating, yeah, when you see the CEOs making, you know, multi-hundred million dollar packages of, like, award packages and you know they can't even raise their, their uh, employees, the lowest employees 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't you don't have to tell me how much you make, but the average American right now they do not feel that they can work a job For less than $22 an hour Right now. So if we, as a person, feel that we're not working for less Than $22 an hour, guess what? Everybody's thinking that same thing. So if you're on social security or you're on VA and they got that cola or you know, you get some kind of stipend and you get a raise. Guess what? That raise is not good because everything else is going to go up. That's the reason why you're getting that raise. So whenever you're all excited because you're getting a raise, you're not really getting the raise, you're just, you're just helping the government inflated even more.

Speaker 7: 50:31

You know, one thing I would do if, if I was in that, if I was in that chair, is I would be like you know what? Let's just let's, let's just stop everything and, you know, tear everything down to the foundation, everything down to the foundation, meaning that look, you know these tax cuts that we're talking about. Instead of we're giving tax cuts to businesses to improve businesses, why don't we do the tax 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 and the government Sends all these stores Different stimulus checks On. You know different American products. Let them keep track of the Sales. Let the people go in. You know, oh, bread Bread is two bucks. Again, it's two bucks to the consumer, right, it's more to the company. But the company is kind of getting that bail out, that, that, that inflation, that cost to the united states.

Speaker 7: 51:43

I don't know how they would do it because I'm not that smart, but I think that I really think that would help.

Speaker 6: 51:51

Yeah, yeah, I mean, it sounds like you know you're not giving yourself enough credit. You sound very well versed in a lot of this stuff, so you know you're not giving yourself enough credit. Man, You're more well versed than a lot of people I talk to, so don't sell yourself short there.

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 not enough brains on actually executing, but that's what I would do, well.

Speaker 6: 52:22

I mean, I think you highlight really what the pulse of most people that are in america right now are feeling. You know it's like you know they they might talk. You know, at the at the higher level, talk about how great the economy is, but is it really that 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 great if we have a candidate getting two assassination attempts? I can't remember in history a candidate maybe a president, but a candidate getting two attempts on them. 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 of mental medicine. So when you go to work tomorrow and it's Friday and you're having a bad day, just remember they'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 there and and you know, like we're, we're two veterans, you know, we're, we, we have, we come from probably different walks of life, but we've both, we've both signed the dotted line. We've, we've sacrificed for our country and you know, our voices are valid and our opinions are valid and I think people should be taking this to heart, you know, and and the, the people that make the decisions, hopefully we'll, you know this will propagate out to enough 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 the veteran community? What are you doing to help the small business community? So, yeah, I mean, I love what you're saying and I mean, obviously, like I said, you know what you're talking about.

Speaker 7: 54:25

We need. I'm not going to say that we need young blood. What I'm going to say is that we 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 Is willing to execute, things will get done. Talking, sending emails out you know stuff like that, me and you talked about this in the past but we need people to execute. We need people to know what they're talking about and then to execute and give everybody else a plan, because I mean, look, there's such thing called midget wrestling and I don't follow midget wrestling, but there's people that do follow midget wrestling because they support it. Maybe they have, you know, little people in their family. I don't, so that's the reason why I don't really, you know, support it. We need people that it affects we.

Speaker 6: 55:34

We need somebody in the presidency that lived off oatmeal and watch cartoons on saturday 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 with, you know, saturday morning cartoons, eating our bowl of cereal and you know, and just enjoying life. You know it was. It was a much simpler time. We didn't have tablets and streaming and all this other stuff, so it was a much simpler time. But I hope we can get back to that.

Speaker 6: 56:13

At least I felt like in that time, at least in my life, I felt like there was more sense of community, there was more sense of togetherness and family and all this stuff. So that's kind of what I'd like to. I'd like to really foster that. You know, that, that mentality again of of just, you know, bringing people together, you know. So hopefully we can do that and I think we're doing that with MBR, where you know we're, we're, we, our little family is growing and and just really supportive 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 just jumping on my stream, like my, my guests had to reschedule and then you were like, yeah, man, I'm gonna jump on it, and I'm like 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 it up 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 guests coming up soon. Check them out every sunday at 6 p Eastern Standard Time. I hope I got that time right, but we have so many amazing guests. You know, I got an email today talking about you know a veteran story and like that whole thing. They're going to be on like 30 shows and out of the 30 shows, people are going to pay attention.

Speaker 6: 57:47

Yeah, yeah, yeah, shows, and out of the 30 shows, people are going to pay attention. Yeah, yeah, yeah, and and I mean, like I said, you you've created or you've, you've molded this mbr family into an amazing thing and I think it's it's just going to keep growing and keep keep. Uh, you know, like all the different voices that you're putting out there, you're helping put out there, you know, and I hope, if there's any veterans listening, that they want to join the team and they, you know, like we want everyone's voice, every veteran's voice, out there, you know. So, yeah, that's my pitch for MBR.

Speaker 6: 58:23

Joel, just thank you so much for everything that you do and have done and will continue to do. I know your heart is just overflowing with this stuff, so just appreciate everything and I think, yeah, that's going to be it for the stream we're going to play ourselves out and thank you for watching. We have nine people watching supposedly, so that's cool, um, so thanks again. Thanks, joel, um, problem, catch you guys on the next stream, all right and we will see 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 Military Broadcast Radio. As we wrap up today's show, we want to remind you that the podcast of today's episode will be available right after we go off the air, so if you missed any part of the show or want to listen again, be sure to check it out. And remember we're here to support and honor our veterans. Your stories and experiences matter, and we are committed to giving you a platform to share them. That's right. We're here to give our veterans a voice, so don't forget to catch the podcast and stay connected with us Giving our veterans a voice.