Absurd Truth: Retired Then Unretired

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That's K-E-L-T-E-C-Weapons.com. Dana Lashes, Absurd Truth Podcast. I can't believe I make a living at this feeding myself, feeding my family. Still talking almost 30 years into it now.

Thank you Jesus for this great gig. And I'm sure Dana says the same thing and anybody who's blessed to be in media and be able to provide for themselves. And then I get tired and when I get really tired I say well I don't know if I want to do this. Maybe not. But I still would like to be gainfully employed.

Maybe not in this thing. I wouldn't mind it but I would like to change the hours please. Because 3 o'clock in the morning to you know 3, 4, 5 in the afternoon because it never stops. News and information never is done.

So I'd like to change the hours just a little bit. But I don't think I'm going to retire. I say all that because I don't think I'm going to retire. I may be forced to retire from radio if our penetration rate which is right now in radio that's the you know take the population in your county.

Radio has a penetration of about 88%, 89%, 88% of the folks who are consuming meat about 80%. They say that about 10 years, 15, 20 years that might be down to about 60, you know 50% based on consumption of the new media, social media. The storytellers will always be here. That's why I thank God Almighty for this opportunity to continue to be a storyteller and the local storytellers will always be needed. But I don't want to retire because I'd like to do something daily. I think if you leave what you're doing, you'd be a bank president.

I don't know you could be an engineer for the city. Whatever it is that you're doing which has filled your life with purpose on a daily basis, you get up, you go, you contribute. Perhaps at the end of the day you're frustrated that you didn't finish any specific project that you were working on and you have to pick it up, shut down a certain point, get some food in your mouth, kiss your wife and babies, go to sleep, come back early in the morning, do it again. You're kind of frustrated that you don't see a closure. It takes too long to see closure for certain projects but stop all that. Whatever it is that you're doing for a living, your truck and driving around, hauling stuff across the nation, you're working a specific laboratory project over at the hospital, you are a professor working on, you're necessary for a 10-year research paper that you got to turn in, stop all that, just stop it. It ends today like this afternoon will be your last day, that's it, you're done. You're not coming back the next day. For some of you, you're feeling it, right, an emptiness, a void. That's what I think if something like that were to happen to me here at the radio station.

There's a void. I'd like to do something else. Whether it's a Walmart creator or do they have Target greeters, Target?

Well, I'll make one up. I'll go work at Target or at Walmart. No, I don't want to work at Target. I want to work at Walmart. Just do something.

Go to the hospital and wheel people around in a wheelchair, people coming in and out of the hospital. Just all of us I think want a sense of purpose. It requires that we be active in something. That's why I don't see myself retiring. Now, there was this report from Paychex that caught my eye I want to share with you that said a growing number of folks who are retired are considering leaving retirement. Paychex did the study, people out of the workforce for an average of four years.

They are listing the top concern for them is the fact that they need more money, whatever it is that they're receiving from that retirement account is not enough. Again, you and I are paying 15 percent right now compared to 24 months ago. We're paying at least 15 percent on everything compared to 24 months ago. And that number is not improving, especially under Biden inflation under this administration. Amigo, we got two more years under this genius, I could call them something else, who's driven our country into the ground. And it all starts with energy policy, as I've mentioned many times before, just the delivery to market, the diesel costs, how uber expensive that is right now.

It's not going to get any better despite all these little things you hear about him wanting to drill in Alaska. Folks who are retired, they need more money because it ain't coming in. Look, we've lost about 20, 25 percent of stock market value since this dude went into the White House. That's affecting how much the IRAs are paying, how much the 401ks are paying and all these retirement savings. The only thing being adjusted for inflation. What was it, like six, seven percent is the Social Security check. They're getting that as a portion of their monthly earnings. The other part, the other in this paychecks study, this conversation I had with folks who have been out of the market, out of the workforce for four years or more in their study.

What I was telling you before, which is being a part of something, feeling that you are part of something, being a part of a project, having that reward of a daily reward of completing a task, completing a project. Yeah, that was second right there. We have we have jumped from boredom to loneliness to the number one problem for retirement being the fact that they cannot afford retirement. It's too expensive. 24 months ago, we were paying 15 percent less and then 12 more months. Add another what? Another six percent, five percent to that. So by this time next year, we could easily say we are now spending about 20 percent plus more than we did three years ago.

That's why retirees are thinking about un-retiring and going back to the workforce to do something to get some extra cash to pay for some of that dinner money. They want to pay with sweet. They want to go out with sweet on your Friday night. Breathe life into your own backyard this spring with FastGrowingTrees.com from shade trees to fresh fruit to privacy hedge plants. Let FastGrowingTrees.com help you plant your dream garden with their expert advice and fast, reliable shipping. FastGrowingTrees.com plant experts curate thousands of easy to grow plants, shrubs and tree varieties for your unique climate. And they understand that sometimes it's hard to know which plants will do best.

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And now all of the news you would probably miss. It's time for Dana's Quick 5 brought to you by Caltech. Dana Shull from South Texas.

I'm Sergio Sanchez in for my buddy Dana. I was mentioning to you that Silicon Valley Bank. Just a little note that I put here in the stack. You know the employees at that bank on Friday, the same day they went belly up. Yeah, the employees still received, Lord knows how much money, cumulative, their annual bonuses. Everybody got their bonus on the same day that they were going belly up.

So what does that say to you about the management? So there goes the money. It all went out the door. It continues to go out there. Everybody running on the bank and they still hand out the bonuses.

My goodness. Criminal behavior. Bizarre story from New York. A doctor up in New York going to jail for more than a decade. He was prescribing oxycodone for sex, cocaine, and cash. Lord knows how many people. Howard Adelglass was giving out those prescriptions and receiving sex acts, cocaine, cash payments. Twelve years in prison for this guy. And at the box office this past weekend, it was scream six forty four million bucks.

And it was Creed three twenty seven million bucks on its first weekend. If I want to see a fake fight, I think I'll just probably just tune into WWE, the wrestling thing from South Texas. I'm Sergio Sanchez. This is the Dana show. I'm on that Silicon Valley bank.

I think that thing going up belly up last week. Here's a little sample of the advertising that these people at Silicon Valley Bank. Which, by the way, had you heard of you guys working for a living? Had you had you heard of this Silicon Valley bank? This S V B is a little acronym. Have you heard of that before? I hadn't. And I'm just sitting here at the Eagles perch watching all this information on a regular basis. Silicon Valley, a little bit of their advertising. Steve, well, it's cut 12.

Go ahead, brother. There's a big disparity between the investments and black companies than other companies. We want to help close the Latino wealth gap. I want to be able to help them build generational wealth. I love access to innovation because of what it stands for. Giving access to opportunities such as training, such as financing introductions that people would not necessarily get. This is part of a initiative that everyone is committed to from the CEO down. It's meaningful work that has to be done.

My name is Beatriz Acevedo. I'm Dave Solvon and I'm happy to be a part of Access to Innovation. Banks like all other businesses, what are they supposed to do? They're not the government. They don't have guaranteed revenue. And this is just a little feel good commercial, feel good ad that they're trying to help minorities and the disadvantaged. And I saw another write up that had mentioned that they were hoping to help blacks.

Latinx, not just comical, there's no such thing as Latinx women. Every company wants to sound good and look good. I get it.

To me it's a turn off, to be honest with you. If that is your main focus as a company, as a bank, where you're telling investors, you're telling depositors, you're telling anybody who put their trust in your bank, your financial institution, that that is your primary goal? Because it sounds to me that there's nothing more that they will be doing other than to provide the assets. You gave them to invest in what many times will be high risk groups, not money making groups. Tell me that the money I'm putting into your bank, tell me that the retirement savings that I have, whatever plan it is for college savings, tell me that that cash will be multiplied in the near future. And this whole idea of, yes, we all love to help the disadvantaged. We all want to help hard working, so-called underfunded, underprivileged groups and organizations to give them an opportunity to do good, to invest, to open up a business, that's good.

But that's not the primary focus. That little Silicon Valley commercial you just heard, I'm thinking if that was their mindset, just trying to look good in the community, being too aggressive in areas that might have been more high risk compared to solid investments that you know are big investments you know are going to get major returns back to the bank, to the shareholders, and to anybody who trusted to put the money in there. You know, there was one report I noted earlier today as I was fishing around for information on this thing. There was one report said that this Silicon Valley bank, like one fifth to one fourth of a big chunk of their investment went into fake money. Now, crypto, you're probably thinking, well, sir, it's probably all money's fake now, because we're flooded, the entire market is flooded with our grandchildren and great grandchildren's cash, all these federal projects, trillions of dollars of new money.

It's not even printed, it's only electronic. So how's that any different from crypto fake cash, pretend cash? I think there was a report I saw late last week that cryptocurrency had lost like $70 billion one day after the earthquake of this Silicon Valley bank. This thing went belly up, people started to run, taking their money out of this thing. That report I saw this morning, one fifth, one fourth of their investments had got into crypto cash at Silicon Valley bank.

That's more than likely one of the reasons I think it's probably confined to Northern California. But I'm curious to find out how much of what I call real money, like what I work for, my paycheck, my retirement fund, my college savings fund for my kids, yours as well, how much of that is being gambled by these financial institutions, by the market in this crypto currency? This fake cash is non-existent cash, it's just ones and zeros on a computer. It's his life mission to make bad decisions. It's time for Florida Man. It's a criminal case that starts in California. His name is David Subil, a 51-year-old guy who went to a seafood company, Arctic Seafood. This guy, complete with a truck and fake order for all sorts of Russian king crab and snow crabs, you know, that delicious stuff with melted butter. This dude drove off with almost a half million dollars worth. He said he was a Safeway representative. They caught him though, caught him in Florida before he took a one-way flight to Colombia. Thanks for tuning into today's edition of Dana Lash's Absurd Truth podcast. If you haven't already, make sure to hit that subscribe button on Apple Podcasts, Spotify, or wherever you get your podcasts.