Natural Disasters Shame

Natural Disasters Shame. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
So on Friday, I took a trip from to see
firsthand the devastation of this case was Hurricane Milton down
in Englewood, Florida, and very, very was heartbreaking. You see it,
videos of it, you see stuff on social media, but

(00:38):
to actually go there and see it, it was the brutal,
the brutal. And again, like I said, it's a lot
of childhood memories on that Mannesota Key that island for
me when it was growing up, and to see what
it looks like right now and again I look at
it and I'm like, how, how in a world are

(00:59):
they go on and fixes? How are they going to rebuild?
You've got a little mountain of sand in the parking
area at the beach. K use the beach. They're gonna
have to sift throll. That's saying they're going to have
to clean it again. I don't know how the businesses
in and around that area are going to survive. The
definitely going to lose this season, and I don't see

(01:21):
how they're not going to lose another one. I'm going
to talk about our response to these natural disasters in
a bit. We also watched this past week and what
happened in Spain with massive, massive flooding taking place. And

(01:43):
what do we hear every single time that there's some
sort of natural disaster wildfire, don't make any difference. The
default setting by the media is climate change. Again, No,
it's ridiculous. In the case of Englewood, Minnesota, keep I

(02:08):
we saw officshing a lot out of that area, and
you know, I drive in, you know, on the inner
coastal behind there, going out to see and I would
see these these very old homes built along the water,
And I say to myself, my Lord, if a storm
comes throuugh, not if it's when, because that's a matter
if it's not a matter of if, it's a matter

(02:29):
of when, there's going to be a massive amount of
devastation there. Again, they had a very very long run
where they didn't have any storms, but inevitably they're going
to hit Spain. A bit of a different story. Again,
we're being told it's climate change. Wow, look at the

(02:49):
massive floods. No, it's not Spain what they've done in
other places in Europe as well. As they've decided, they've
decided I had to start taking down many dams that
were put into place. It was interesting. You can watch
the video online. One of the ones that they didn't
take down was a dam that goes back to the

(03:11):
Roman Empire that saved towns. Yeah again, damn there dated
back to the Roman Empire that saved towns. Now, we
and our infinite wisdom decide that we, you know, for
whatever environmental reason, we should start taking dams down. Geeki H.

(03:38):
Chesterson Uh paraphrased from a book that he wrote. We
talked to. He talked about fences. It's said to basically,
you don't you don't remove offence until you understand why
it was put there. And that was one of John F.

(04:01):
Kennedy's favorite expressions. Again, you don't tear down a fence
until you understand why it was put there. Now, Okay,
if you want to tear down dams because you want
to have some sort of reason, biodiversity whatever, it may be, okay,
but then you know what, you probably might want to

(04:23):
move people away. From areas that are going to flood.
You might want to alert them the fact, Hey, we're
going to tear down these dams because of you know, whatever,
you know, green reason you want to give, but you
might want to tell people you know, you should probably
move now it's a hell of a lot more dangerous.

(04:44):
Same thing took place in North Carolina. Where again, the
areas that were hit in North Carolina is because they
didn't have dams, they chose not to utilize them. Now,
again I'm not coming out for or against things, but
once you put something into place, it's put there for
a reason, it's there to protect people, and you tear

(05:05):
it down, you tear down that fence, and you allow
this to happen. Right now, it's they're lying in Spain
right now. They're not being nearly they're not being honest
in regards to the death toll that has taken place.
Get back here to you know, the United States and
what I saw. There needs to be a lot of

(05:29):
these people. And again I'm trying to figure out how
to go about helping, how to go about advising people.
You might want to the government might want to step
in and help these people out. Maybe with changing some
of the zoning maybe allow some of these smaller parcels
of property led some of the owners to combine them
so you know, they'll at least be able to sell

(05:50):
them to a developer. The reality as many of these
places they didn't have any insurance whatsoever, They're not going
to be able to afford to rebuild. Then what what's
going to happen? You're going to have these places just
sitting there on use it. It is a mess. And
again also get you thinking as well as you know,
what is government for, Well, you got to think about

(06:13):
the fact that, you know, you got to apply for
a seven hundred and fifty dollars FEMA check. Thanks, But
then you take a look at the amount of money
that we are sending to countries all over the globe,
billions upon billions upon billions upon billions of dollars, and
the best we can do for our own citizens is

(06:36):
a seven hundred and fifty dollars check. That's that's the shame,
right there, people, that's shame. Watchdog on Wall Street dot
Com