Watchdog on Wall Street: Podcast for Weekend of November 9 - November 10 2024 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Markowski is the watchdog Wall Street? Do you want
to answer exposing the lines and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom.

Speaker 2 (00:28):
You can't handle the true proof.

Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (00:35):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (00:39):
This is the watchdog Wall Streets.

Speaker 4 (00:44):
Ah to say that we're loaded to bear would be
an understatement. Welcome to everybody, the watchdog on Wall Street.
What a week we had. And I'm going to be
be very, very brutally honest with everybody here. I am.

(01:06):
I'm really excited.

Speaker 5 (01:08):
I am.

Speaker 4 (01:09):
Like I said, I'm a realist. Though I said my
excitement I can, I can. That could turn on a
freaking time. But I right now am very very excited
about the future. I am, and I'm here to tell
you it's it's not because of just Trump. It's not

(01:33):
when I see the people that are lining up to
work with Donald Trump that gets me excited. My longtime
listen is no. I'm a big fan of the Paul family,
ron and Ran Paul. I am an enormous fan of
Tulsi Gabbard. I think Elon Musk is phenomenal. I have

(01:59):
no interest and buying a Tesla anytime soon. But one
cannot deny that he's bloody Tony Stark for crying out
loud and Robert F. Kennedy Jr. I mean, I talk
about the health of this nation and how in the
toilet it has been, and how on healthy we are
and all this stuff, and you've got him there, And

(02:23):
when you're surrounding yourself with people like this, how can
one not be excited. I don't know you you're on
X and you see the tweets that RFK Junior is
putting out and the stuff that Elon Musk is putting out,
and how he excited they are about what could happen next?

(02:44):
And all Trump needs to do, all he needs to
do is he needs to be a ring master. Now
I'm old, they don't know have him any more. The
circus was when a circus came to town and I
was going it was a big deal. It's a big deal,
and my father who was our cub Scout master. We'd

(03:05):
always go with the cub Scouts, take our cub Scout
troop up to Cohose, New York, and the circus would
come to count Ringling Brothers and Barnin and Balley Circus.
And I never forget, I said, my brother Michael was
always just fascinated with the elephants pooping all over the
place and the people that followed behind the elephants to
clean up after the poop. Never forget that. But you

(03:28):
have it at the circus. There's a guy in the middle.
He's got the big fancy suit on, he's got the
big hat. He's a ring master, and he had all
these things going on at the circus. And you got
the high wire act over here, and you got the
dance and bears over there, and you got the clowns
over here, all these things going on, and ring master
he controls the whole thing. He's the master of ceremonies

(03:53):
for the entire show. And that was truly the one
thing that really hit Donald Trump and his first administration
was the people that he brought in, the people that
he hired, the people he surrounded himself with. I was
scratching my head from day one. But I have to say,

(04:16):
as of right now, pretty darn excited. I am. I
want to talk a little bit about the election we're at.
I've done several podcasts in regards to our electoral process
here in this country, our authoritarian and crooked process, and
make no bones about it, it's crooked. Well. One of

(04:39):
the first things that Donald Trump, quite frankly needs to
do is he needs to he needs to get on
the phone with Ron DeSantis and have Ron, I don't know,
put out a YouTube video YouTube video explaining how in
the world the state of Florida is able to count
all their ballots, one of the most popular states in
the country in ant and it takes these other states days.

(05:07):
It is very important for people to have the belief
that the system is not crooked. And one way of
doing that is having a system where, hey, you know what,
we're getting this done quickly, the right way, quickly, without
all of the nonsense. I'm here to tell you, okay,

(05:28):
And I believe this. I believe that the fix was
on this time. I do. I think that the fix
was on. I'm watching what was taking place, and I'm
seeing the various different pundits X pundits like Katie Kirk
and other ones putting out messages saying, oh, never fear leftists, paraphrasing,

(05:55):
this is all a red mirage. Do you hear that phrase,
plese red mirage. I have been following politics for decades
and elections and all this stuff, but I've never heard
that before. And what's interesting was is that was everywhere.

(06:16):
Let me explain to you how the mainstream media works.
They all get on the same page, they all push
a certain narrative. I'm gonna take you back in time.
It's true story. I got on. I don't know how
it happened, but I in the nineteen nineties, I got
access to a thing was called journal list and journalist.

(06:39):
This is you know, back in the nineties for all
you young people, they had these things. They had these
chat rooms they were called where you could get invited
in and you'd be in these chat rooms and journalists
was a chat room of all of the editors of
the major newspapers and networks and journalists out there where
they would basically get their story straight. They would get

(07:03):
their story this is how we are going to cover this.
And it was fascinating it was fascinating they all saying
the same thing. Rush Limbaugh back in the day, on
his program, he did a montage of all the journalists
out there basically using the Latin word gravitas to describe

(07:24):
Dick Cheney when George W. Bush appointed him, Like, how
in the world is all of a sudden, every single
media outlet out there, every pundit out there, all of
us starting to speak Latin all of a sudden. No, no,
they all get on the same page. And that's what
they did this time around with the red mirage. Never
fear it's a red mirage. Then I started seeing I

(07:47):
had various different feeds and networks going where they were saying, Oh,
don't worry everybody, it's going to be a long night,
this could take days, this could take days. Go to bed.
Since when have you ever heard network anchors people on
TV telling people to turn the TV off and stop watching.

(08:11):
Go to bed, everybody, It'll be all okay in the morning.
And I had a pit in my stomach. I was like, oh,
oh no, no, no, no, no, no no no no no
no no no no, no, no no no. And well,
word on the street is that the Trump administration threatened,

(08:31):
threatened everybody out to say, hey, listen, you're gonna keep
this count going. You're going to keep this count going.
We're not to stop the count. That they wanted to
do it in Pennsylvania. It's against the law, but they
wanted to do it anyway. The fix was on, without
a doubt, Bud. It got thwarted. It got thwarted. The

(08:54):
exit polls. They figured. I guess that they figured they
couldn't pull it off. One of the most striking things,
one of the most striking things out there. And again,
I will go back, go back to twenty twenty. Twenty twenty.
Trump screwed up. He screwed up his campaign, screwed up

(09:16):
telling people not to early vote and whatnot, and especially
it was during the whole COVID nonsense that was taking place.
But he also screwed up not having enough people watching
the polls, watching what was taking place, having poll monitors
that were out there. Now, I'm sorry, I don't care

(09:36):
if you're left right, it doesn't make any difference. Take
a look at the numbers. How in the world, okay,
just get your arms right. How in the world they're
saying that there was a record turnout in this election,
yet there was eighteen million fewer votes than in twenty twenty.

(10:02):
How is that possible. Show me your work, show me
your math. You can go back to Obama Democrat sixty
five million votes, You go on to Trump about sixty Well,
Hillary Clinton got about sixty seven million votes. How in
the world did Joe Biden get eighty two million votes

(10:24):
in twenty twenty? Joel Biden and now you know, we're
back down here with Kamala Harris went around sixty five
sixty six million votes. No, I don't don't tell me
the fix wasn't on, because it was. It was, and

(10:46):
it's it's that important to take care of this. I
really think that Donald Trump should really go after this
because the future for this country unless this is dealt with,
unless we fix our system them and our system is
it's Banana republic esque, you know, any other place around
the globe. You have to show id you have to

(11:09):
prove who you are. Unless you fix this, the future
of this country. We are on a trajectory to one
party rule and we don't want that. We don't want that.
I want to I want to talk a little bit

(11:30):
about the media and where we're at today, talk a
little bit about the media, the media blame game, which
again that kicked into gear right away. All again, all
the pundits MSNBC, ABC, CBS, NBC, they couldn't even contain

(11:54):
their contempt for what has transpired. It wasn't like that.
Someone let all you younger people out there. It wasn't
like this when I was growing up. This wasn't allowed.
You couldn't do this. The sign of a good journalist
was someone that would go on air and you wouldn't

(12:17):
know whether they were left or right. They and again
I'm never in my entire life, never in my entire life,
have seen that the type of language, the type of
vitriol that was spewed by pundits in this election, use

(12:40):
of the word fascist, Nazi, Hitler, Mussolini, It's it was
completely over the top. And again you know they're the
media is given their analysis and who they're going to blame?
What Biden he jump out earlier. Yeah, but you guys

(13:03):
are the ones that were saying that he was all
okay for an extended period of time. Blame this one.
Blame that you had Joe Scarborough say that Latino's men
and uh, I got one of the group. They're they're
racist and misogynists. I mean a lot of iss out there,
a lot of iss. Maybe maybe just maybe you fools

(13:26):
that that people are starting to think for themselves. People
are starting to think for themselves. Wouldn't that be nice?
Wouldn't that wouldn't that be wonderful? People listened to listen
to this show, all the people listen to my podcast
on a daily basis, people who listened to Joe Rogan

(13:50):
because Joe Rogan says the same thing I am. I
I can't tell you what a proven viage in an
honor it is, and how seriously I take what I do,
how serious, how important it is to me to get

(14:12):
it right. I work very very hard on trying to
get everything accurate right. I give my opinion here on
the program, and as you all know, I'm honest with you.
I'm not affiliated with any party. Yes, do I have

(14:33):
a certain intrue. Do I have a belief system that
I follow? Yes? I do? But what do I tell
you here on the program? If you don't believe something
that I'm saying or I'm trying to tell you, I
encourage you look it up, do your own homework. If
you don't believe me, don't allow pundits and talking heads

(14:55):
to do your thinking for you. You can't do that. It's lazy.
With that being said, these people that go on TV
and what they are doing, what they are doing, quite frankly,
in my belief system, in my definition, quite frankly, it's evil.

(15:23):
It's evil, and it's it's a it's a it's a no. No,
it's a big evil. Lying and misleading people is. It's
an evil. And I want to I want to talk
a little bit about that. I do. We're gonna take
quick break right now. I just took a look at
the clock. We're gonna get into this. We've got a
lot we have to go over on the program today.

(15:43):
I do want to remind everybody again I welcome each
and every one of you to our family, the watch
Dog on Wall Street Family. Get to our website Watchdog
on Wallstreet dot com, our personal CFO program, our podcast,
our newsletter, all sorts of great stuff. You know what
do that? Okay? We have opera twenty four seven eight

(16:03):
hundred four seven one fifty nine eighty four sign up.
We are to help you with everything. Watchdog on Wallstreet
dot com or give us a call eight hundred four
to seven one fifty nine eighty four. We'll be back.

Speaker 1 (16:35):
Tiking Wall streets liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Street, but everybody.

Speaker 4 (16:45):
It is the watch Dog on Wall Street. Shoe. Yes,
I do believe. I do believe that the people in
the mainstream media thought that the fix was on, that
something was going to change. How can you explain all
the facts that are right there in front of them,
But they were all acting like the Black Knight, the
Black Knight from the Holy Grail. Monty Python. Oh, I'm fine,

(17:08):
it's just a flesh wood. No, no, no, no, I
lose his arm, cuts his leg off. And again, if
you're not a fan, I'm a fan of Monty Python.
But anyway, the fix was on something that, like I
said to me, to me, everyone's different and unique. And
it's my Catholic mindset that when you are in a position,

(17:35):
when you are in a position when you have a microphone,
or you are teaching a class, or you are a parent,
or you are a coach, whatever it may be. Again,
what have we been preaching here on the program We
all have to be teachers, build, create, protect and teach.

(17:59):
When you lie, when you knowingly lie, or push narratives
that you know are not true on people, that's evil.
That is evil. And I can hate that evil. Okay,
I'm not allowed, not allowed. I'm not allowed to hate
the people that are doing it. But I can hate

(18:23):
what they're doing. I can despise their actions. I can
despise I can hate the evil that they are spewing out.
This is some simple things, wisdom of the ages from
a Bible. Teachers should demonstrate integrity, dignity, and sound speech. Again,

(18:47):
you're you're you're a pundit, you're on TV and one
that that again that I take very seriously. Teachers will
be held to a higher standard of judgment because their
words have a deep impact on people's knowledge of God
and Christian character. And that applies to everything. What these

(19:11):
people are doing is wrong, and I'm want to tell
you what else is wrong to Okay, and there's a
there's a great temptation out there, and I get it.
I get it. End zone, dance, spike the football. You
see it all over social media with these threads that
are out there of these young people young people having

(19:33):
you know, collectively freaking out over the election and what happened.
You want to call it, you know, basically election meltdown
porn for people. You want to watch. You want to
watch the people on TV, these so called teachers, okay,

(19:53):
these uh, these false teachers, these fraudulent advisors. Dante has
a circle of hell in Dante's Inferno with fraudulent vice.
You want to watch them meltdown. That's one thing. Okay,
But children, children know, and that's they are their children
that have been lied to, their children that have been misled.

(20:17):
One more bit on this when we get back, and
then we got to get into our post election investment
roadmap a lot more. We gotta go over on the
program today. Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot com is our site, personal CFO program, podcast, newsletter,
you name it. Watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (20:41):
Chris Borkowski is the watchdog on Wall Storms. This is
the Watchdog on Wall Street.

Speaker 4 (21:09):
Guys, avoid the temptation. I know, I know, yeah, look
at all the look at all these liberal kids out
there with their blue hair and their nose rings and
having meltdowns on social media, and they're all losing their mind.
They don't know any better, they don't. These people are

(21:35):
worthy worthy of our prayers, are worthy of our pity.
I feel sorry for them. I do. You don't. Again,
I talk about this all the time. People. You don't
understand people's backstories. You know what type of household they
grow up, you know what type of parents they have had.
Obviously have parents that have taught them to be critical thinkers.

(22:01):
They let other people think for them. These people honestly believe,
many of them honestly believe that they're going to get
round up by Donald Trump and set off to some
concentration camp. As stupid as that is, you should be
thankful that you are a critical thinker, that you were

(22:23):
taught properly. They weren't. They weren't, and they are worthy
of our sympathy and prayers. We're supposed to forgive the
people on TV because they know exactly what they're doing,
and that's a much more difficult thing for me to

(22:43):
do watching them melt down. I don't have a problem
with that. And again, this is something we've been covering,
we've been talking about here on this program for years
for years. Left I left the Republican Party over fifteen

(23:03):
years ago. Why because I was disgusted, disgusted with the
blue blood country club. Caddy Shack, Judge smails doctor Beeper.
Republican Party no different than the people on the left. Okay,

(23:24):
elitists that want to run the show and tell people
what to do. They just do it in a different way.
That's when we talked about our watchdog on Watchdog on
Wall Street, access of evil, big business politicians and the
media working hand in hand to further their needs. George
Carlin does bits on it. We played it here on

(23:46):
the program. It's a big club and you ain't in it.
We're better than this. And again, I'm getting back to
what we've been trying to get across here on the program.
What we all need to do. You're want to help
make America great again, build, protect, create, and teach, as

(24:13):
difficult as it may be. Don't mock. Don't mock these children.
Don't mock these kids. They don't know any better. They
have been misled. I mean, I've never seen the type
of garbage coming out from the mainstream media. It's insanity

(24:35):
to me. Now, I remember, you'd have different groups and
the real wackos when George W. Bush was president and
the in regards to the Iraq War, and you know,
use a Nazi rhetoric at that point in time during
an election. Some of the things that that that these
kids believe, then you kind of understand how Jim Jones

(24:58):
was able to get people to drink the kool because
that's what they're drinking. We need to be better than that.
We really do. And it's gonna take all of us.
What I'm gonna do, We're gonna do right now. I'm
gonna bring it in this segment early because I got
a lot we got to talk about on the investment side.

(25:20):
And again I want to remind everybody, Okay, well this
is important. Okay, we are helping everyone out. Many phone calls.
I get many phone calls that I get, many emails
I get people asking me let me go this amount
of money. Can you help we help everyone? Sign up

(25:40):
for our personal CFO program, sign up for our podcasts,
our account repair, kits, annuity help kits, all sorts of
great stuff at our website at Watchdog on Wall Street
dot com. That's Watchdog on Wallstreet dot com. Or give
us a call at eight hundred four seven one fifty
nine eighty four. We'll be back.

Speaker 1 (26:15):
The only man who is taking on the Wall Street establishment.
You're listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (26:24):
Welcome back, everybody. It was a little over a week
ago I did a podcast that was entitled The New
York Yankees and Your Portfolio. The the point of the
podcast was, is that and again I'm a Yankee fan
and the reasons why the Yankees lost the World Series
is the fundamentals. The fundamentals or lack thereof the New

(26:52):
York Yankees in your portfolio. When I was talking about
was the fact that you better you better follow the
fundamentals when it comes to your portfolio or you're going
to lose. You're going to lose again. I've been doing
this program for twenty five years now, and I repeat

(27:15):
myself again and again and again, because there's a right
way of doing things in a wrong way of doing things.
I think it's number nineteen or twenty on my Watchdog
on Wall Street Markowski Investments Guide to Financial Independence. People
ask you about financial advice, you bore them, and I

(27:37):
try not to be boring here on the program. I
don't but I get it. I understand, like you know
you're listening to this show. Listening to this show, I'm
trying to not one of those bad vaccines that Robert F.

(27:58):
Kenny jun is going after. I try to vaccinate you
from insanity. What we try to do here on the point,
it's part of our personal CFO program to see it there.
And you say, how to navigate financial storms, corrections, run
ups in the market. How are we able to be

(28:19):
calm and steady through everything? And markets are freaking out
lower The last big massive freak out in the markets
was the stuff that was taking place during COVID, and
again people started losing their mind, losing their mind all
over the place. Phone is ringing off the hook. I

(28:42):
don't know what to do. God's gonna get shut down.
Should I sell now I can get back in into
the market. I'm like, what are you thinking about? Listen.
You can't do this. You cannot time the market. It's
an exercise in future. Market downturns for us have been

(29:08):
enormous opportunities, is it. It's nice to see it's nice
And we'll talk about the uh post election stock market
jump a little bit later on in the program. Oh sure,
you see everything. You look at your portfolio, it's up,
it's doing great, it looks fantastic. But you know, again,

(29:30):
it makes makes my job a little bit more difficult
because again I'm a long term guy. I'm a guy
likes to buy things on sale. I mean, you're buying
something when you rather pay less for it than more.

(29:51):
Every single time the market drops, whatever it may be,
oh boy, what a mess. We ain't got a run.
Maybe I should go to cash. Then I'll jump back
in later on. No, No, in reality, those are the
best times. That that's that's when wealth is truly created.

(30:14):
The markets. People markets. It's like a manic depressive thing
in the market. As someone who is it's like a
manic depressive market. Oh everything's great, really fantastic. Oh no,
everything is terrible. You don't have to play in to that.

(30:38):
One of the things that we talk about, and it's
on our process, okay, our process, And when I'm explaining
process here on the program or explaining it to somebody,
we're like, well, what's obvious? Who's obvious? One of the
things on our list is don't lose money. Don't lose money,

(31:00):
don't make stupid mistakes. Again is everything you own is
always gonna go up. No, but those big mistakes, they
cost you too much. When you're making mistakes, when you
get emotional about what's going on, you will lose. We're

(31:23):
gonna get further into our Wall Street wisdom and post
election roadmap when we get back. But again again, take
advantage people we invice should become a part of our
Markowski Investments family. Watchdog on Wallstreet dot com. That's watchdog
on Wallstreet dot com. Or give us a call eight
hundred four seven one fifty nine eighty four.

Speaker 1 (32:01):
You should believe in math, not magic. You're listening to
the watchdog in Wall Street with Chris Markowski.

Speaker 4 (32:11):
Jim Jim Kramer did disappoint again. He is the uh,
he's the poster child for time in markets and bye
bye bye so ho hell nonsense. He he didn't disappoint again.
He tweeted out, tweeted out before the election that Kamala
Harris is gonna win. Everybody should have known right then
and there go in the opposite direction. Never in my

(32:34):
entire life have I seen a guy with so much press,
so much exposure out there and as wrong as much
as he is. It's like Jim Kramer and economists that
come from Ivy League schools. It's amazing to me. It
truly is. I remember again, I remember Jim Kramer. Jim
Kramer during the financial crisis was on I think it

(32:58):
was on the Today Show. It's Jim Kramer, and he
was telling everybody that if you need your money for
the next seven or eight years, you better be out
of the market. And I was like, what a fool,
what a fool. What he should have been telling everybody
is to dollar cost average, buy more everything is on sale,

(33:22):
which we did, and it ended up being one of
the greatest buying opportunities ever. Our process, people, yeah, it's
not I'm being honest here, it's not exciting. It's not boring.
It's the same process that Buffet and Munger and Graham

(33:44):
and a list of people drugging to all these guys
that have been doing so well for so long so
we are no longer with us. They have a process,
and the process, yes, is boring. It is dollar cost averaging,
putting money away on a regular basis. Everything we're doing. Yeah,

(34:07):
it's repetitive, it's automated, but it works. Investing is a
continuous process it's not supposed to be exciting and interesting.
It's a responsibility. It's a grind. If you're going to

(34:29):
you want to be excited, you want to all go
in to the markets because you want excitement, you are
gonna lose. And I made this suggestion before. If you
want to do that, go to a casino because at
least they'll throw in some free drinks and maybe a buffet,
and if you spend enough money, you might get a
free room in a show. You think the you think
the stock market is a game, No way. You need

(34:56):
to have your investment policy put together and a process
put together that works. I remember this is all the
time I just popped my hand. I was on vacation.
This was almost eight nine years ago, maybe longer. It
was with the family and we were in Italy and

(35:18):
we took a drive out to Madana, which is where
Ferrari is located. We want to see the Ferrari factory
in the museum, and we also got to see it
was another supercar maker named Pegani, and got to go
through their factory and watching watching this them put together
and make these you know these car At the time
that Pegani was like a two million dollar car and

(35:41):
watching the stuff being handmade and the process that was involved.
Process wasn't exciting and working on these carbon fiber parts
putting them into the oven. If there was one thing wrong, poop,
it was done away with. But the end result, wow,
take a look at these cars. The process, the process

(36:08):
is boring, but it works. It's what the end result is.
You know, you're trying to guess, you're trying to change
based upon who the president is or who the president
isn't or who this is that it doesn't it doesn't work.

(36:30):
These tons of Colintons aren't. Oh, what's gonna happen in
the markets? If truck is president? What's gonna happen in
the markets? If if Harris was president? Then you know
they put out all of those columns. Let's go let's
go back if you will, let's go back to our
twenty sixteen. Did they have any idea that COVID was
gonna hit and the things that were gonna happen there?

(36:53):
This This is why people that go online with the
Robinhood and all these day traders lose again. You want
to trade, you know who you're trading against? You know,
how do you know who you are up against. You're
up against the Citadels of the world. You're up against
the Goldman Sachs, the JP Morgans. That's your competition. You

(37:15):
realize that over ninety five percent, over ninety five percent
of the transactions done every single day in the stock
market are done by institutions. They're done by institutions. Let
me put it to you another way. Okay, how many
of you out there have ever played how do you
play a sport? I'll throw it this way. Football, Okay,

(37:37):
I was. I gotta go back. I was a pretty
good football player. I was a pretty good football player.
But in high school, I was, you know, five ten,
I was about one hundred and ninety five pounds, played
middle linebacker. Now I've been to a pro football game.

(37:58):
By any illusions that I could get on the field
and actually about even you know, when I was young
and compete at that level, No way, no, how ahh
not gonna happen. Why in the world are you trying
to compete and try to out trade these big institutions

(38:19):
out there. They will drink your milkshake and they know it.
This is why they want you involved. They want to
pick your pocket. I told this story before. This is
back back in the nineteen nineties. I'm being interviewed, Oh,
what are you to think about the future of you know,
managing people's money and financial advisors is with all of

(38:39):
the America trades and the E trades and this trade
and that trade. And I laughed, I said, who do
you think funded all of these firms? The big firms.
They want suckers out there, They want greater fools that
are gonna do stupid things with their money. You're trading
against them. It's it's like, you know, be like the

(39:02):
Kansas City chiefs, you know, uh, you know, picking their
schedule for the entire year and lining up, you know, continuously,
either the Jets or the Panthers. That's what they do.
Don't be a greater fool. Do things the right way.
Get to our website, sign up for our personal c
FO program. Learn how we've been doing it for three

(39:25):
decades plus for our clients. Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot Com. We'll be back.

Speaker 1 (39:46):
Well knowe altered investment banker, consumer advocate, analyst, trader Chris Morkowski.
He's the watchdog Wall Street Answer exposing the lines and
myths that the brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.

Speaker 2 (40:07):
You can't handle the true.

Speaker 1 (40:08):
Roof bringing America the truth about what really happens in
the financial world.

Speaker 3 (40:14):
Ladies and gentlemen. We're out here to indulge in fantasy,

Speaker 1 (40:19):
This is the Watchdog on Wall Streets.

Speaker 3 (40:23):
Ah.

Speaker 4 (40:24):
Alrighty, welcome, Welcome everybody. It's the Watchdog on Wall Street Show.
I continue on here about then some warnings, if you will,
about what's taking place out there for investors, what the
environment is like right now. And again this again taking

(40:45):
me back to our infancy, the roots of this program,
Watchdog on Wall Street Show. It's called the Watchdog on
Wall Street because that's that's what we covered, ripoffs and
scams here, there and everywhere before. I at a radio
show warned everybody about the dot com collapse, warned everybody
about and Ron and Dynagy and WorldCom and all the

(41:07):
fraud that was out there, and we got laughed at.
Nothing really much has changed in regards to how things work.
You are this is the reality. People. You are a
mark for most in this business. You are a greater fool.

(41:28):
I've chronicled here on the program some of the internal
emails that I got a hold of taking place set
JP Morgan, Goldman, Sachs, Merrill, Lynch, Bank of America, Wells Fargo,
between the various different workers and parties there and what
they think about you, their customers. They're there to get

(41:51):
your money out of your pocket and to put it
into theirs. There's that scene in the movie The Wolf
on Wall Street where Matthew McConaughey is talking about that
job as a take clients money and put it into
your pocket. I had that exact phrase said to me

(42:11):
back in the nineteen nineties when I again first couple
of years in the business, sales manager upset because I
wasn't doing enough in commissions, wasn't churning my book enough
because he gets paid off. That wouldn't listen to him. Ah,
you're never gonna make it this business, Markowski. That's not

(42:35):
the client's money, it's your money. That's a direct quote.
That's what they think. And part of the ruse is
people is that you think that there's justice on Wall Street,
You think that there's justice in this investment world. Do
you think you've got your sec you think you've got

(42:56):
your finra right, Oh you can. You can sue and
go to arbitration, which will take you years and cost
you a fortune. Why why do that? Why why do that?
Why why put yourself in that situation? Why would you?
Why would you work with entities that are essentially omnipotent

(43:21):
No matter what they do, they're never held responsible. But
let's talk about this. It's get it's in the news now,
but it's a very upset about you know how the
pharmaceutical companies get a pass on vaccines. They got to
pass on the COVID vaccines, I got to pass on
other vaccines. They can't be held liable if something goes wrong.

(43:43):
Based upon what happened to me, it almost killed the
vaccine almost killed me. I've told that story here on
the program. I can't sue, I can't sue, Well you can,
well you can. We can still suit a big brokerage
firms and what But what what's going to happen? You
gonna go head to head with their lawyers and let
me tell you something, you can't afford their lawyers. They'll

(44:07):
probably settle with you. They'll give you something and they're
gonna walk away, and it's a bloody parking ticket. They
put it in perspective. Do you know which JP Morgan
has spent just under just their legal fees, just their
legal fees fighting customer complaints in the past two years,

(44:28):
two billion dollars, two billion dollars, you know, Goldman Sacks.
Goldman Sacks, they got Oh, they became a commercial bank,
right they and they decided they're going to do a
credit card and they got Marcus there all the people
that were defrauded with that. Oh, I got it. Huge,

(44:53):
people calling up charges weren't made on their card. Goldman
Sack's not doing a card. Oh they got fined. They
pay sixty four million dollar fine. Who got the money, Well,
the government got the money. You didn't get the money.
I can go on and on and on and for
the life of me. Okay, you want to use one
of these big banks, because again, they're gonna lend you money.

(45:16):
You're gonna get a loan, because that's what banks are
supposed to do, supposed to be a business lending money out.
Why in the world would you ever allow them to
manage your funds? Why when they have proven time and
time again these big outfits that they could care less
about you. You don't matter. You are a number, and

(45:39):
no matter what they do, no matter who they rip off,
no one's gonna be held responsible. They'll pay a fine
and they'll walk away, and that fine is nothing. It's
a cost of doing business. It's a kin to a
buddy parking ticket. Let me let me tell you something
else that's really upsetting to me and happening in our industry.

(46:04):
One of the things that we do at Markowski Investments
is we know you know that they're finding Finding good
financial advisors is a difficult thing. It's few and far between,
and many many good financial advisors are they want to retire.
They can't. It's a lot of work that's involved, everything

(46:26):
that goes along with it, all of the compliance that's
involved that they you know, again, they might not have
any family members, they haven't been able to bring anybody
on to help deal with some of the work, and
they're looking to retire. And we have been helping people.
We've been helping good advisors around the country, bringing them
on board, helping through the process. We're starting to to

(46:47):
manage their clients. Well, there's a new uh, new player
and many players in town. Private equity. Private equity is
take a look at the financial advisory industry and they're
licking their chops. They're licking their chops. And what we're

(47:09):
seeing right now is these private equity firms've got no
experience managing anybody's money, but they got a lot of cash.
They're convincing, they're convincing many advisors to sell their business
to them, and they're writing big checks. They're writing big checks.

(47:29):
So again, we're good at seeing trends what's going on.
We're seeing an incredible amount of a lot of our
new clients that are coming in, new members of the
Markowski Investments family, are coming from well, from these private
equity advisory firms that have been put together because they're

(47:51):
getting their butts handed to them after their advisor sells. Now,
I'm sorry, Okay, I understand, I understand. You know, you
worked your tail. This is two advisors out there, and
you're getting to that point when you want to retire,
and the private equity firm is dangling all sorts of

(48:11):
cash in front of you, all sorts of cash are
gonna buy your book of business and you can walk away. Okay, Again,
it's like there's like a devil and an angel on
your shoulder, like an animal house. Here, I ask yourself
question how your clients are gonna do or are they
going to actually be taken care of by this crowd? Man?

(48:35):
Is this a warning warning to too many people listening
to this program? Right now? You have an advisor that, oh,
thinking about retires selling my business to so and so.
Who are they selling it to? Are they selling it
to a family run company or are they selling it
to a private equity firm? You know how many people,

(48:58):
how many clients that we've gotten because these private equity
firms have taken over these family advisories and they're firing
clients say nope, nope, you don't have over a million dollars, Sorry, goodbye.
We would never ever do that. We help everyone out. Listen, people,

(49:23):
you have to be on your guard. I have gone
off on private equity for years here on the program
and what they have done to many companies for crying out,
like you know that they're looking to actually get into
the hvac business and buying up hvac companies. They don't
care at this point in time. They really don't. And

(49:45):
it's like I said, it has nothing to do the
corporate raiders from the nineteen eighties was a different ball
of wax. They are going to churn and burn that
book of business. They've got to get a return on
their investm Smith for the shareholders of the private equity firm,
trust me. I know, you know, I think that they've

(50:08):
They've made us the offers at Markowski Investments. Oh, Chris,
you know your brothers can retire, You'll have generational wealth.
You won't have to worry about doing the radio show anymore.
You can do it if you want to. Think of
the freedom that you're gonna have. I know exactly what
would happen. They would buy up my business and they

(50:31):
would churn it and burn it and spit it out.
So this is this is a message to advisors that
this was programmed, and this is a message to clients
of certain advisors out there when they're telling, oh, I'm
looking to sell, I need to retire because again, by law,

(50:51):
your advisor has to have a succession plan. By law,
you might want to ask your advisor what his or
her successes plan is. You don't want them all of
a sudden saying you know what I'm selling to a
private equity firm, and then you're lost being managed by
some incompetent boob right out of college. It doesn't know

(51:14):
what they're doing. Is I have to pay them anything?
That is the people. This is the reality of the
terrain right now. I'm warning you, okay. And like I
said before, I tell my kids every single year, you
gotta buy me a shirt. Dad, what do you want
for Father's Day? I said, go buy me a shirt
that says don't doubt me. Okay, and just read it.

(51:37):
We see what's happening. We see the writing on the wall,
and it's every single day. Oh, so and so private
equity buys this family office, so and so private equity
buys this advisory firm. And I'm like, oh no, these
poor clients, these poor clients, because again, how do you
make it work, How do you make it work the

(52:00):
numbers that they pay to buy the business. And then
again they have kids, kids, no experience whatsoever. Oh, they
might be friendly, and they're definitely you can mold them,
you can tell them what to do, but they don't
know what they're doing, and people are losing big time.
Not to mention some of the nefarious types of investments

(52:23):
that they're putting people in more alternative crap, more you know,
private equity nonsense, that they don't belong in, alternative investments,
high risk. Just dealing with another one here in North Carolina,
another private equity firm out there putting people in elderly

(52:45):
people into high risk investments. Oh yeah, those sugarcoat it.
Don't make it sound like it's awesome, but it's not.
We're here to help people, you know. We say we're
here to answer your questions. Okay, we're here to answer

(53:05):
what we're gonna level with you, tell you what the
situation is. Again, I invite you. I invite you. Contact us,
get to our website, go to Watchdog on Wall Street
dot com, send me an email, call me. People are
shocked several times this past week. This is Chris. Yeah, yeah, yeah,

(53:28):
you know, I put my pants on just like you do.
I'm not too good to answer the phone and help
anybody out. That's what we're all about. That's that is
a Markowski indifference. You're dealing with one of us. You're
dealing with the Markowski. Sign up for our personal CFO
program Watchdog on Wall Street dot com. Sign up for

(53:51):
our podcast our newsletter, account repair kits, you name it.
All sorts of great stuff there at our site Watchdog
on Wallstreet dot com, or give us a call. Eight
hundred four seven one fifty nine eighty four. That's eight
hundred four to seven one fifty.

Speaker 1 (54:07):
Nine eighty four, bringing America financial freedom, one listener at

(54:30):
a time. You're listening to the Watchdog on Wall Street
with Chris s. Markowski.

Speaker 4 (54:37):
I actually had this question presented to me. As presented me,
it was it was kind of funny. It was some
markets went up like gangbusters to day after election, and
why did that happen? Exactly? And again you know there's
more buying pressure than selling pressure. But if someone held
a gun to my head and I couldn't give that answer,

(54:59):
and I had a tell somebody why why I thought
the markets were up to that degree? It was pure
and simple, in my opinion. The end of red Tape Nation.
I've written extensively about red tape and regulations and what

(55:20):
it does to this country. Colin I did talking about
the Liliputians on steroids, where all the Liliputians are tying
down Gulliver's that's government. That's what government does to entrepreneurs, entrepreneurs,
business owners, people who take risks to me. I've talked

(55:43):
about this, they're my heroes. They're my heroes. Yeah. Do
I love athletics and watching people excel in athletics. I do.
But man, I'm jumping up and down when I see
a six tsful business, a great idea, a successful restaurant.

(56:06):
Do you understand again, It's one of the best things
about what I do for a living. I have small
business owner clients all over the country and to watch
them grow their business and to watch them overcome obstacles
and achieve goals and be successful. It's a rush. It is,
it really is. Again. I love to coach kids too.

(56:29):
I love to see kids overcome obstacles and achieve goals
and build I love to see people build generational wealth
over time. This is I mean, this job is great
for me. I love that stuff that fuels my adrenaline.
But we need to have more of that. And again,

(56:51):
that's what separates this country. Is so truly great about
this country. Nicholas Nassim Talub talked about that we've got
all these holidays here in this country. Celebrate this, celebrate
that Meanlyah entrepreneur day. That's a day that we should have.
And we live in a country and environment where it's
okay to fail multiple times and pick yourself up and

(57:14):
move on and try again. However, however, the government, the
government makes that quite difficult in many respects. Years ago,
I was during the Obama years. I was describing the
environment at the time because it was one regulation after another,

(57:37):
regulation after another rule after another rule. I said, it's
like getting up in the morning. You're a small business
owner and you look outside your window and your your
whole yard and driveway is a minefield. It's like a
demilitarized zone. And every single day or you try to
spot the mind so you can, you know, basically, get
to work and do your business, run your business, and

(57:59):
then I stay, you wake up, you look out the window,
and they move the mines again. And that's what it's like.
And I'm gonna be honest with you people. Many people say, hey,
it's not worth it. It's not worth my time, it's
not worth my effort. Just put this into perspective. During
the Biden Harris administration, they added on almost one point

(58:26):
eight trillion dollars in regulatory costs on Americans one point
eight one point eight trillion dollars. Just to put this
in perspective, Okay, under Obama, Obama was four hundred and

(58:48):
ninety billion. Under Trump it was three billion. Because you
do remember one of the things that Trump was doing
as well was what was he was for every every
new regulation, he was forcing him to get rid of
some ridiculous regulation somewhere else. We need more of this.

(59:08):
We need to get rid of red tape nation. Another
thing I want to talk about, and again, this would
be fantastic for our economy, fantastic just for growth and
the future. Get rid of the damn subsidies. Get rid
of them. Even Elon Musk, Elon Musk want to ask

(59:32):
about it, and he gets a seventy five hundred dollars
tax credit for the Tesla's being sold. He talked about
the Inflation Reduction Act, all this good green jobs of
get rid of it, get rid of it all. But
you know you also got to get rid of you
gotta stop subsidizing oil and gas. Survive on your own,
don't survive on more taxpayer money. All subsidies do is

(59:56):
it keeps companies afloat. That might not should be a
float that should probably die and it makes our prices
go up. Watchdog on Wallstreet dot Com. Watchdog on wallstreet
dot com, We'll be back.

Speaker 1 (01:00:16):
You're listening to the watch Dog on Wall Street taking

(01:00:39):
Wall streets liars, crooks, and cheeks out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (01:00:47):
Yeah, No more subsidies. Why do we subsidize gas stations?
Why in the world do we need to subsidize charging stations.
Get rid of that. Get rid of it. If the
gas station wants to put up a charging station, let him,

(01:01:10):
let him invest in it, let him put up a
charge in station, Let him charge what they want for it.
Taxpayers shouldn't have to subsidize this nonsense. Think of it.
Think about that. The things that are most subsidized in
our society, what do you think they would be? Oh yeah,
you get to college, education, healthcare, right boy? Yeah huh,

(01:01:31):
the costs on those things come down. No, No, you
need to do away with this. And again, I'm sorry,
I'm sorry. Oh I know, because you get Republicans and Democrats.
They love to show up at projects, and they love
to bring their little golden shovel and they love to
you know, dig a hole in the ground and get
their picture taken. Then both sides both. I made fun

(01:01:54):
of Donald Trump with the Fox con plant in Wisconsin
with Scott Walker. You know, you know what they're doing
at that Fox complaint right now. I'm not kidding you.
It's a wedding haul billions. They're holding weddings there. No, No,
we don't need you know, I need to give taxpayer
money to billion dollar corporations. They're a billion dollar corporation.

(01:02:19):
Let them figure it out by themselves anyway. And this
is some of the stuff that it that it leads to.
You're taking a look at what's going on in the
auto industry in this country right now. Ford for just
announced that, Yeah, they they're gonna they're stopping production of
the F one fifty Lightning pickup truck. They're stopping production.

Speaker 1 (01:02:44):
Yeah.

Speaker 4 (01:02:44):
The funny thing is, and again I don't know how
these people get their jobs. They sold twenty two thousand
of these Ford F one fifty Lightnings. They were supposed
to sell one hundred and eighty thousand. They are losing
billions of dollars, billions of dollars on making electric vehicles.

(01:03:05):
Why well, because the government told them to, government ordered
them to. Mason Mayor, p Now I'm forcing you gonna
buy an electric vehicle? No, but you're forcing the car
companies to manufacture them. And when they're losing their shirts
because they have to make a car that nobody buys,
it drives up the price of another car. It doesn't

(01:03:28):
make any sense. Let the market decide. Stay out of it. Anyway.
I gotta move on, you know what I want to
hit onto. I have to. This is going back a
little bit, back to some of the politics. Forgot to
mention this first hour of the program, we were delving
into it, watching watching some of.

Speaker 6 (01:03:50):
The establishments Republicans out there talked about Donald Trump and
the end of the Republican paw, who's officially the end
of the traditional Republican Party and the Party of Reagan.

Speaker 4 (01:04:06):
I'm tired of hearing that crap, because me, let me
give you a bit of history. First and foremost, the
establishment types hated Reagan. They wanted no part of Reagan.
They didn't didn't like Reagan at all. And as great
as Reagan was, Reagan wasn't perfect by any stretch. The
imagination the death of the Republican Party great, I think

(01:04:32):
it's fantastic. Okay, I don't like the blue blood Republican types.
The Republican Party, by design, should be the working man's party,
the party of level playing field, of opportunity, of building
and growing. That's what it should be, and that's what

(01:04:55):
it needs to get there, and that's where it's going.
This old school fuddy duddy nonsense that if people keeps
people keep heartening back to are you out of your mind? No, No,
we need to get back to you want to talk
about a real republic. You're talking about the Republican Party
that was non interventionists. For crying out loud, there wasn't

(01:05:18):
looking to start wars and remake entire parts of the world.
Nothing wrong with that. That's what we need to get to.
And again, you know it's gonna get hammered on. It's
gonna get hammered on any sort of new idea. Remember
a tea party, as I was heavily involved when the
Tea Party first started. Text enough already, what they what

(01:05:40):
do they do with the tea Party? Demonize that Ah
a bunch of wackads out there, and ah yeah, and
they all sorts of nasty names they were calling. Wait,
a second. The entire idea was just to curtail government
intervention and government spending. But they wrecked it. Well they firstly,
the Republicans infiltrated it. Remember when the Tea Party first started,

(01:06:02):
there wasn't allowed, didn't allow, didn't allow any politicians to
be involved. That was a good thing. Another thing I
wanted to touch on Joy read Joy read Joy read
on air this is during the election night, called the
state of Florida fascist, And this again ticks me off.

(01:06:29):
Either she's really really stupid or she is, well just
that the stuff that she's spewing is just evil. She's
knowingly misleading people. How is the state? How is a
state that is all about freedom, all about the constitution,
a state that said, hey, enough with these stupid COVID regulations,

(01:06:52):
this doesn't make sense. We're opening up. How's a state
like that? A state that is running a budget surplus,
a state that's that's able to count votes in an hour.
Can you explain to me how that state is fascist? No,
she's just upset because Ron DeSantis has done such an

(01:07:14):
unbelievable job in this state that Donald Trump almost won
by two million votes. Watchdog on Wallstreet Dot com Watchdog
on wallstreet dot com. Don't go anywhere, but if you do,
make sure you get to that website Watchdog on Wallstreet
dot com or personal CFO program all sorts of great
stuff Watchdog on wallstreet dot com, or give us a
call eight hundred four seven one fifty nine eighty four

(01:07:38):
day's go.

Speaker 1 (01:07:39):
Sumbcardly, this is the Watchdog on Wall Street.

Speaker 4 (01:07:59):
It's not that people, really, isn't You make a product.
You make a product at a fair price, quality product
at a fair price that people want to buy, and
where you go you're able to sell that. You know,
while we're seeing auto manufacturers here, uh you know, shut
down idle plants all over place. And I just hear

(01:08:22):
in Europe as well. We'll get into Europe next hour
on the program. Geez, how is it that Toyota is
making additional investments here in the United States? Expanding billions
of dollars in what evs? No hybrids? Hybrids?

Speaker 1 (01:08:41):
Why?

Speaker 4 (01:08:41):
Well, people want them? People want the hybrid. But again,
we would have known that, and all of these corporations
would have saved ungodly sums of money and their workers
would have made more money. The workers at Ford because
of the losses, the losses that they're taking it, or
because the EV's cuts in to Ford's profits, they get

(01:09:04):
bonuses based upon the company's profits. So stupid anyway, quickly
on this one. Honestly, God bless, God, Bless Robert F.
Kennedy Jr. God bless him again. He was I might
have voted for him. I might have voted for him

(01:09:24):
if he was, you know, actually running, and he had
gotten to a point where he was a viable choice.
And quite frankly, quite frankly, I listen, you know, the
Democrat Party want no part of him whatsoever, no part
of him whatsoever, which is kind of sad. But he
was actually he was asked a question. Was it was
actually Chris Como's program talking about how he's going after

(01:09:45):
all of these big entities out there, and the calling listen,
whether he's gonna live, They're gonna come after you. And
his answer, his answer is something wonderful, something all we
all we should all do. We should all spot there's
a lot worse things than dying, and one of those

(01:10:07):
things is living living like a slave. Are having you
your children lose all of the freedom, so that many
generations of Americans died to give us and to protect.
We have to be willing our generation to make sacrifices
to make sure that we don't lose them. We've seen

(01:10:28):
the unprecedented attacks on our freedom of speech, our freedom
of worship, on the amendments of the Constitution over the
past three years, and it's important for everybody to stand
up and say, we're not going to do this, even
if there's some risk involved, reputational risk, salary risk, we
need to make sacrifices for our country.

Speaker 2 (01:10:51):
Amen.

Speaker 4 (01:10:52):
Amen, how olu you God bless that statement. Robert F.
Kennedy Junior. That's what we need to do. Build, create, protect,
and teach, whatever the costs. Watchdog on Wallstreet dot com.
Watchdog on Wall Street dot com, don't go anywhere, We'll
be back.

Speaker 1 (01:11:15):
Chris Markowski is the Watchdog on Wall Street.

Speaker 4 (01:11:35):
The dog.

Speaker 1 (01:11:37):
Him the only man who is taking on the Walls
Street establishment. You're listening to the Watchdog on Wall Street
with Chris Markowski.

Speaker 4 (01:11:47):
Yeah, no, luh, no, Mary Poppins here, no spoonful of
sugar to make the medicine go down. Like we have
in our intro, I'm Gorn Gecko Political and Economic reality,
and we had a goals were some of the economic
numbers because no one's really reporting on what's really going

(01:12:07):
on in this country. Go back to the Job's report
that came out. Private jobs declined by twenty eight thousand.
Government jobs. That's what we need. More bureaucrats, more more
government workers looking to kill pet squirrels and raccoons that

(01:12:30):
grew by forty thousand. Think about that, and not to
mention the fact that we have been lied to over
the past year. The revisions downward for the jobs and
jobs Friday when they were porting on the jobs number

(01:12:51):
revised down by almost a million jobs. Does that sound
like we're pulling You're taking a look at the internals
here in the US manufacturing again. Oh yeah, bboll yeah.
I have to Harris on a campaign trail by it.
Oh yeah, manufacturing is doing great here in this country. Well, no,

(01:13:15):
you are what your record says you are. The manufacturing
sector in this country has been in a recession for
twenty four months. That is the longest streak that we've
had since the nineteen nineties. It has shrunk twenty three
out of the past twenty four months. This is despite
your Inflation Reduction Act, despite your chips act and all

(01:13:40):
you're the crap that you're doing. It ain't working. How
do you spend trillions and trillions of dollars on all
this stuff and have it go nowhere nowhere again? And
then take a look at real estate here in this country.
You know I'm gonna I'm going to talk about commercial

(01:14:02):
real estate first, Okay, right now, Right now, we are
looking at numbers commercial real estate sector that we haven't
seen since two thousand and eight. Since two thousand and eight,
these banks right now are playing extend and pretend, but

(01:14:24):
the reality is they can't. They're not going to be
able to pretend that much longer with rates where they are.
And I know we've talked about this here on the program,
and I be honest you, my fear is I can't
no more bailouts, That's all I gotta say. We had.
We had another round the freaking bank bailouts during the

(01:14:46):
Biden administration. Taxpayers on the hook again because these were
well connected banks out there in California. I don't want it.
Let the banks fail, you made poor choices. Let the
the prices of these buildings come down, Let them come
down low enough. I don't care. That'll knock them down
and build something new, something that is going to be viable.

(01:15:09):
That's how it's supposed to work. We have to stop
stepping in as a nation and subsidizing poor choices. People
have to learn to lose. You make bad choices anyway
this as well. And I feel for young people. I

(01:15:30):
really do. The average age the average age of US
home buyers right now is fifty six years old. Fifty
six years old. The median for a new time home
buyer is thirty eight, and that's going up from thirty
five to thirty eight. Not affordable, not good? Why oh

(01:15:59):
why why is this? Yeah, but kamala haf it's gonna
got about I twenty five dollsand dollars aside, and so
it's gonna's gonna allow for build millions and millions of homes.
Oh stop it, please, Okay. The problem we have. The
problem we have is regulations. We don't have enough inventory.

(01:16:21):
We have we have no outside the box thinking when
it comes to all this commercial real estate and changing
it into something else. We've been subsidizing housing from now
into eternity. And you think subsidizing it more is gonna
make the prices come down. It's part of the reality.
I talk to people in this business and home builders

(01:16:45):
all over the country, and many of the young buyers
that they're seeing, even the ones that could, you know,
thirty five, thirty eight years old, they're getting help from
mom and dad and grandma because it's gotten too expensive. Anyway,
I mentioned government workers and the adding government workers last segment,

(01:17:10):
and we all again the story went viral, sorry went viral.
Where the New York government workers, the New York bureaucrats,
they got their squirrel, they got their raccoon when they
had a bunch of thugs, a bunch of thug government
workers go to someone's home for five hours, five hours

(01:17:32):
the Environmental Protection conservation for New York. Five hours at
someone's house. This is from the the owner of the
uh look, the caretaker of the raccoon and the squirrel.
They treated me like I was a terrorist. They treated
this raid as if I was a drug dealer. They

(01:17:53):
ransacked my house for five hours. They asked me, They
asked my wife, who was of German descent, what her
immigration status was. They asked if I had cameras in
my house. They wouldn't allow me to go to the
bathroom on our police escort who then checked the back
of the toilet to see if I was hiding anything.

(01:18:14):
They have an animal nonprofit animal rescue. Now, what do
we learn from this? To learn many We can learn
many things from this, many things, but you know, want
me to focus on one one. This story is the
reason why, the reason why we have a second amendment.

(01:18:38):
It's the reason why we have a second amendment. Again,
it is to protect us from tyrants. No, it's to
protect us from a tyrannical government. And in many states,
many states, they voted for tyranny. New York is one
of them. Watchhog on Wall Street dot Com Watchdog on

(01:19:00):
Wallstreet dot Com is our seting guy to come part
of the Watchdog on Wall Street family. Watchdog on Wallstreet
dot Com give us a call eight hundred four seven
fifty nine eighty four.

Speaker 1 (01:19:14):
Where well known author, investment banker, consumer advocate, analyst trader
Chris Markowski is the watchdog the Wall Street. Do you
want to answer exposing the lines and myths that the

(01:19:37):
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom.

Speaker 2 (01:19:44):
You can't handle the true.

Speaker 1 (01:19:46):
Truth bringing America the truth about what really happens in
the financial world.

Speaker 3 (01:19:51):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (01:19:56):
This is the watchdog on Wall Street.

Speaker 4 (01:20:01):
All right, welcome back, everybody. I'm gonna combine. I got
these these couple points I wanted to make. I think
it's kind of apropos. Watch watch on TV. You get UH.
I will talk about pundits and experts and Ivy League
types and economists telling you what they see with uh

(01:20:23):
Trump's economic policies and Harris's economic policies and what they mean. Yeah, anyway,
I don't lend them much credence. I don't lend them
much respect. I like to follow people that have actually
built stuff, created stuff, accomplish things. And we've been losing

(01:20:48):
We've been losing some a generation of entrepreneurial giants. I
did a bit, you know, not too long ago on
Charlie Monger. Guy, I have a great deal of respect
for And this past week we lost Bernie Marcus. Bernie
Marcus he is one of the co founders of Home Depot.

(01:21:11):
He died ninety five years old. At fifty fifty years old.
He built a business that has again. Think about get
your arms around this. This a guy. It's a guy.
He got into Harvard Medical school. He couldn't afford to go,

(01:21:34):
went to you know, the pharmacy school at Rotgers. That
eventually worked. He became the CEO of this this see
this company called Handy Dan was a chain of home
improvement stores. But he was fired. He got fired at
forty nine years old. There was some fight over corporate control.
So he and Arthur Blank. If for maybe Arthur Blank

(01:21:57):
he owns the Atlanta Falcons. And another great and one
of my favorites, Ken Langong founded Home Depot nineteen seventy nine.
Nineteen seventy nine, here he got a store, change the
entire home improvement industry. Yeah, you can go there. You

(01:22:18):
can take a class on how to go about doing things,
providing knowledgeable staffers that can help people out. Four hundred
and seventy five thousand people provide for their families with
money that they earn from Home Depot. Think about the

(01:22:40):
money that has been ade, the wealth that has been
created with people who invested in Home Depot twenty three
hundred stores in the United States, Canada, Mexico. Millions of
people every day quality goods services. Think about what he
has done. Yeah, the funny thing is that you watch

(01:23:03):
you watch all these again, that these kids at these
political rallies or any political right, no matter whether it's
it's left right all over the place worshiping these politicians.
Who are the people that really make the country work,
really make the country work. You had to you had

(01:23:26):
to think about this for a second. You got you
gotta think. You got to think about what this person's
been able to do. That is the again. And you
know he's made a fortune, Bernie Marcus, and he donated
a ton of money. He's a job creator network, the
Marcus Autism Center for kids. And that's all. That is

(01:23:48):
all well and good. But one of the best things
you can do is you know what, you're helping people
put food on the table, You're creating jobs. These are
the Bible, but we need to applaud These are the
people we need to look up to. I mentioned this
here on the program. Ken Lango another one of the

(01:24:09):
founders at Home Depot, and I highly recommend his book
I've done this before. I Love Capitalism is the name
of his book. I Love Capitalism. Oftentimes, you know, depending
on who you know, I go to a graduation party,
whatever it may be kids leaven College. You know, I
put a check inside that book and his story and

(01:24:29):
where he came from and where he what he's gotten to.
And you want to contrast that. You got to contrast that.
He contrasts that to the wizards of smart. The wizards
are smart. Like the the economists from all these Ivy
League institutions that put out strongly worded letters. What was it?

(01:24:53):
Was it? How many fifty economists forty nine? I don't
know the economists signed off on the Well, Donald Trump's
economic are going to be terrible for the country. Yeah, yeah,
these economists. But what I want you to do from
now on you see some pundit that's never built anything,

(01:25:13):
never created anything. They might be hiding underneath the doctor Moniker.

Speaker 5 (01:25:18):
Or doctor Roll from them all this Ivy League institution economics, Professor,
I want you to think for you go to uh
remember Jerry maguire, Show me the money.

Speaker 4 (01:25:29):
Oh okay, okay, Professor smarty pants, Okay, you think the
economy is going to collapse based upon these policies, Show
me your portfolio, Show me the money. What are you doing?
Show it to me? We see let me see, let
me see your finances, let me see. You never show
me how much you have, not asking that, how are
you positioning yourself? Well, well, alwos And it'll start mumbling

(01:25:54):
and grumbling because it won't do it. They've had no
skin in the game. They're paid to say a certain
thing at a certain time so they can hang out
at the right cocktail parties in certain places. This is again,
this is people's stuff that you need to kind of
have to learn in life. First, to younger people out there, Okay,

(01:26:18):
what's the source. Oh but he's a college professor and
so on. What have they built? What have they created?
I played that bit here on the program from Back
to School with Rodney Dangerfield and he goes back to
college nineteen eighties film and he's with his son in

(01:26:41):
a business class and he's a professor up there. Oh
Hody Todd. He told them they're going to build a
business from the ground floor up and this is how
we're going to do it. And here's somebody sitting here's
somebody sitting right there that has built businesses, countless businesses,
and the professors arguing with him, time is wrong. My

(01:27:06):
best friend, my best friend. And he also is one
of the in my opinion, one of the greatest, one
of the greatest ac countants going out there. And he
manages obviously my CFO for Markowski Investments and my family's accountant,
but he manages for our clients also. He's right now,

(01:27:27):
he decided. I laughed at him last time. I said,
what are you doing? Man, what are you doing? And
again he's got this thing. He says, I love this kid. Kid.
He's my same age. But he called we call each
other kid for whatever reason it may be. He is,
you know, in his fifties. But he grew up. He

(01:27:47):
came from very modest means. Is an exaggeration. Let's just
leave it at that. Okay, Wor's the worst horrible upbringing, poverty.
He he didn't graduate from high school. He got a GED,
got a GED and now I can't tell you how

(01:28:07):
many degrees he has. He collects him. I make fun
of him all the time, and I'm like, dude, you
got like some weird self esteem. They going on, why
are you doing this? He's going to Georgetown Law right now,
taking some sort of you know, accounting and real estate class.
And I said, John, I tell you this every single time.
You're gonna take this class and you're gonna know more

(01:28:27):
than the professor's gonna know. Yeah, I know, but he
does it. And I hit the phone call and uh yeah, yeah,
you don't understand, Chris, you understand theren't what the world
they're talking about? I said, yeah, I do, dah, I do.
I like to see people that have actually gone out
and done things and built things and created things. I

(01:28:47):
mean the comparison here on the program, I said, you
know your kid wants to be a phenomenal basketball player.
Are you going to hire someone who has never played
basketball but has a lot of theory and may have
written a book on how to make a jump shot?
Or you know, you have the opportunity to hire Michael

(01:29:10):
Jordan to teach your kid. What are you going to do?
Who are you going to utilize? And that's the thing,
it's the it's the worldly smarts out there. So Mike
Rose smarts out there that the people in power, the
people on TV, they look down on you. I I've

(01:29:36):
got clients. I've got clients that are millionaires, millionaires that
they came here from places around the globe that have
a tough time reading but they have unbelievable skills. Obviously
they've had a tough that they're doing more now, but
they do something really really well. A skill a skill,

(01:30:04):
and each of us have I talk about that, finding
out what our talents, what our abilities are, what are
God given talents and a police and doing something with it. Now,
when you see the job support that was making fun
of it, you got all these government jobs. I'm sorry.
Being a bureaucrat is not a talent, it's not an ability.

(01:30:28):
It's something to pass the time, so you can, you know,
cash a paycheck, do it sometimes what what you know says, oh,
you know what, I want to do more to help society.
I want to add to society. I want to make
this country better. I want to make my town better.
I'm gonna utilize my talent's abilities and I'm gonna go

(01:30:49):
out there and I'm gonna do that. And you never
know what it's gonna turn out to be. You think
Bernie Marcus and Arthur Blanket and and Ken langone thought
that they were gonna have thousands of stores, no way
may maybe had a dream about at some point in time.

(01:31:11):
Awre you the same thing here. You sit back and
I said, Man, I think about what what?

Speaker 6 (01:31:16):
Wow?

Speaker 4 (01:31:16):
What one I got started with my brothers and what
we were doing, and our office at the time, and
the grind that we put in and where we're at today.
Any amount of clients that we have and the offices
that we have, and the TV and the radio and
all the voice that we have. You never know, go

(01:31:39):
out there, build, create, protect and teach. Stop paying attention.
It's not paying attention that you people just get paid
to talk for a living. Yeah, I'm on here, I'm talking.
I am, I am. But we do, we do. There's

(01:32:00):
a difference. Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot com our site again. Become a part of our family,
the Watchdog on Wall Street Family. Get to our website,
sign up for our personal CFO program, our podcast, our newsletter,
all sorts of great stuff there at the site Watchdog
on Wallstreet dot com, or give us a call eight

(01:32:23):
hundred four seven one fifty nine eighty four.

Speaker 2 (01:32:30):
The City I Walk only.

Speaker 1 (01:32:42):
Road the only one you should believe in math not magic.
You're listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:32:56):
Or Macabay. It is Start on Wall Street showgain always
honored to have you tuned in to the big program here.
I mentioned this earlier on talked a little bit about
Europe and this past week it was it was interesting
the same pay of our election, the German government collapsed.

(01:33:20):
The German government collapsed, they have the coalition governments there.
I follow a lot of the newspapers. What's taken place
over there? You had Michelin tire company France laying people off,
announcing layoffs. Again, it takes a while over in Europe
to lay people off. We already talked about Volkswagen. A

(01:33:42):
lot of weakness, a lot of weakness over there. And
again this is not something we should be oh, yeah,
this is great, this is wonderful. No, no, we want
we want other countries to do well again. Business is
fantastic when you have people you can trade with. We

(01:34:02):
want people to be able to buy our stuff and
we want to be able to buy their stuff. However,
they are completely unable to get out of their own way.
It's all they seem to be doing. Quite frankly, their
biggest business seems to be finding American tech companies, going
after American tech companies. Now, a lot of the people

(01:34:27):
out there say oh God, out of Europe is real
upset right now because Trump is gonna become president. Well,
you know what Trump is gonna do is he's not
gonna tolerate this BS and they know it. He's not
gonna tolerate stupid fines and regulations on American business. He's
gonna be like, sure, okay, there you go. Oh France,

(01:34:51):
Oh oh, you're gonna you're gonna go after Apple, are you?
Oh you go? Okay, guess what your French wine is
double a price here in the United s States. Pow. Listen,
there are allies over there, and again we should want
them to do well. We want to encourage them to
do well. But the way that they're going to do

(01:35:11):
well is they've got to get out of their own way.
They have to cut ridiculous regulations. They've got to provide
for an environment where you can build and create. All right, Listen,
just come from someone I go to Europe often. We've
got clients in Europe. I enjoy it. Well, let's let's

(01:35:34):
you know, make no bones about it. It's become an
open air museum. And again, they've got a lot that
they could teach us. We've talked about how they handle
their food in Europe and their process which is much
much better than what we're doing here in this country,
and they need to take advantage of it. That that's
what they need to do. But again, you know, we

(01:35:56):
want them to do well. We want them to be
able to contribute to NATO so we don't have to
continue to foot the bill again and again and again. Anyway,
pundit incorporated, pundit Incorporated. I got to explain to everybody.
You'd see these talking heads and they bounce around from

(01:36:20):
one station to the next station to the next some
of them, some of them have exclusives, are not allowed
to bounce around from place to place to place. Just
so you know, they make a living doing that. That's
a job. Let me explain to you. And again it's
part of the media, mainstream media, part of the watchdog
on Wall Street, access of evil. They need they need characters,

(01:36:46):
They need characters, and they also need to create conflict
and stories on these various different networks. So they need
people to fill certain roles. After Trump, well it's started
to run for office, not after Randfrobest, but after he
became president. That became an industry. Pundit ink anti Trump

(01:37:08):
Pundit inc. Never trumpers out there, the Bill Crystals of
the world, Neocons, neocons everywhere looking there, Lincoln Project, Bulwark Dispatch,
all of these entities out there. How do you think
that they make their money. I do think the Lincoln

(01:37:32):
Project Bulwar they make their money. Oh you think that
they're getting donations from people, No, they're getting it from
the left. They're getting it from the media. They're creating
and they're building characters so they can bring them on TV.
It was great to see this because I've been pointing

(01:37:52):
this out in regards to the media for some time.
He actually had Scott Jennings on CNN actually disco the
whole never Trump industry as the biggest cons going accomplishing
absolutely well. They have accomplished anything they're supposed goals again,

(01:38:13):
never Trump, to destroy Trump. That didn't work, But they
certainly made themselves a lot of money, taking money from
the Libs, money from the various different networks, and they
could go out there and buy themselves some beach houses
and that's exactly what they did. Anyway, I gotta mention

(01:38:36):
this as well. Get at certain certain times, people that
are in the mainstream meeting they can't help themselves. They
can't help themselves. They should keep their mouths shut, but
they're so smug and arrogant that they can't. They can't

(01:38:58):
do it, and they say things that are are quite telling.
And it's not just pundits, it's also politicians. And I
told that story before I get four when we hit
Chuck Schumer, Chuck Schumer, this is Donald Trump just gets
electedies on Rachel Maddow's program and Trump is criticizing the
CIA and the FBI and whatnot, and Chuck Schumer comes down,

(01:39:22):
Ah ah, you better be careful because those agencies got
six ways past Sunday going after you, which they did.
But then you had Chris Hayes, Chris Hayes, this time around,
the smug Chris Hayes talking about, Oh no, Trump's gonna
get the House, he's gonna get the Senate, he's gonna
get the presidency. We're gonna have to send the deep

(01:39:43):
state in to put a stop to him again saying
things the true things that they believe and that are
gonna happen out loud. Watchdog on Wallstreet dot com, Watchdog
on Wall Street dot com. We'll be back.

Speaker 1 (01:39:58):
You're listening watch the Wall Students. Chris Markowski is the
watchdog of Wall streets.

Speaker 4 (01:40:27):
Yeah, it's just it's funny. And again I hope, hey,
you're listening to this program. I'm speaking to the choir here.
You just certainly got to talk to young people about
this that look to celebrities and actors and actresses for
political advice. And again, you ever watched them, they never

(01:40:51):
tell you why or are they give you some reason like, ah, yeah,
you gotta vote for so and so, you're gonna lose
your freedom, you're gonna get lot up, you're gonna get
thrown in jail. I'm gonna be moving out of the country.
I mean, it's so stupid. It's so stupid, and I

(01:41:11):
don't know. I think that they're honestly dumb as a
box of rocks, and they actually believe their own bs.
Some of the stuff that you would see. It was
actually an election night too. They were talking about They
started saying, oh, geez, Trump is gonna win. Trump's gonna win.
And then they say, oh, we gotta eliminate the electoral college.
You actually had some of the full pundits on MSNBC

(01:41:33):
talking about that Trump won the popular vote. What are
you saying you actually had Rosie O'Donnell was talking about
eliminating the electoral college after the vote, and what good
would that have done? Rosie? These people more often than not, again,

(01:41:58):
they may be talented in their own and that they can,
you know, they could, they can pretend. They play pretend
really well, and God bless them. You think I could
do with uh? You know, Daniel day Lewis never chimes
in anything, but he's such a great actor. I can't
do that, and they're great at that. But for whatever

(01:42:21):
reason it may be, I don't know, they feel like
that they have to voice their opinion on things that
they don't have a clue about. Let me throw this
out there because there's another, you know, big left wing push,
especially with the celebrities, because of the Supreme Court. I'm

(01:42:42):
gonna change the constitution. We're going to change the Constitution
and we're gonna pack the Supreme Court. Really, really, do
you hear? Do you hear Republicans and conservatives coming out
now because of the winds saying, Hey, we're gonna change
the Constitution and we're going to pack the Supreme Court. No,

(01:43:08):
because it's wrong. Yeah, I talked about this this past
week on the podcast as GK. Chesterson mentioned this in
one of his writings, and he was talking about fences.
It's talking about fences, and he is just saying he's said,

(01:43:28):
and I'm paraphrasing, he said, you know, buy a piece
of property. He didn't say this, I'm saying this, but
it's if you have a piece of property and there's
a fence on the property. You got this big expanse
out there. It's an old fence and I don't know
if I want that fence. You don't tear down the
fence until you fully understand why the fence was put
up there in the first place. You want to go

(01:43:51):
tearing apart the constitution and checks and balances and things
that were put into place that have worked quite well. No, no, no, no, no,
no no, you don't do that. And you've You've actually
got these celebrities calling on him now, Joe Biden, and

(01:44:12):
it's not even Joe Biden. He's not capable of doing it.
Basically probably calling on the Obama people to do extreme
things now before Donald Trump gets elected. Unconstitutional nonsense. You've
got them calling upon that. What is wrong with you?
I have things that I believe in and things that

(01:44:33):
I want accomplished for this country. But they need to
go through the proper channels. This is what the checks
and balances are there for. Yeah, you're watching this that's
going on. You're watching the celebrity fools out there say
all of these things, and again they don't know what

(01:44:57):
they're talking about a lot of times. They also act
in fear for whatever reason. In VP see it seemed
to you like that they're actually almost forced to say things.
That was actually Musk and Rogan we're talking about that
on their podcast. So interesting that all these celebrities, all
these celebrities that are coming out coming out for Biden

(01:45:19):
very voice fariously as of late, they were all the
same people that were attending the P Didty parties as well.
Isn't that interesting? Huh Yeah, yeah, yeah. P Diddy I
think had the same business plan as Jeffrey Epstein. But
we shall see, or like we did with Epstein, maybe
we won't. Maybe P Diddy is gonna end up dying

(01:45:41):
in his cell as well. Wouldn't surprise me anyway. Watchdog
on Wallstreet dot Com. Watchdog on Wallstreet dot Com our
site again become a part of the Watchdog on Wall
Street family, our podcasts, our newsletter, and of course our
personal c FO program. Working with us the Markowski boys.
That's right, helping you with everything, whether it be your portfolio,

(01:46:05):
whether it be your accounting, whether it be your illegal
we do it all. Watchdog on Wallstreet dot Com. We'll
be back.

Speaker 1 (01:46:28):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:46:37):
Yeah, I mentioned uh mentioned Joe Rogan in his podcast,
and he came out and he he endorsed, he endorsed
Donald Trump again. He had Donald Trump on the program.
Jd jd Vance went on the show and was just
absolutely phenomenal. Has musk on and I am full disclosure,

(01:47:00):
I'm a big fan of this program. Do I agree
with Joe on everything that he says and all the
points he makes?

Speaker 3 (01:47:08):
No?

Speaker 4 (01:47:09):
Does Joe agree with all the people that he brings
on his program and the points that they're making.

Speaker 6 (01:47:14):
No.

Speaker 4 (01:47:15):
But he has a conversation. He has a conversation. They
talk about things.

Speaker 2 (01:47:22):
He like me.

Speaker 4 (01:47:24):
If he says something he's not quite sure, he's got
his He's got a little helper there, Jamie that looks
it up to make sure that they try to get
it right. This to me is a great direction. Again,
it makes me pretty enthusiastic about our future if we
can have this type of discourse and we can head

(01:47:45):
in this direction. I mentioned it. I mentioned it this
time around. I said, wouldn't it be great if we
had a presidential debate and Rogan was running it? It'd
be fantastic, must see, must see TV. Everybody would watch it.

(01:48:06):
But the thing that we need to know, we need
to understand about debates, about debates. I am not a
fan at all of public debates. I'm not not. Yeah,
and there's a reason. There's a reason for this, and
yes see, Uh, you know Nasa Michola's talent actually puts

(01:48:27):
it very succinctly when he eloquently, quite frankly, when he says,
in a public debate, it is the one whose intelligence
is closest to that of the audience who wins. So
in essence, you know politics and you know economics, stuff
like that, the most stupid, the most stupid, uh, ends

(01:48:52):
up winning in those situations. They end up gravitating down
their audits. And I've explained it before. I learned and
talk radio. I see you don't are You never argue
with idiots. They got way too much experience at being
an idiot, and that conversation is not going to go
anywhere anyway. A story that came out came out of

(01:49:13):
November fifth, and I saw it and I was like, Oh,
it's Larry Fink from Blackrock how to grow out of
America's debt woes. I said, Oh, I said, Larry's going
to be into Wall Street Journal and he's going to
be pitching for more government involvement and government spending. But

(01:49:33):
he didn't. And I was shocked by that. And he
was talking about infrastructure investment here in the United States,
and you know what we need to do, and in
particular it really need, we really need to build out energy,
really have to go all in when it comes to

(01:49:55):
basically everything. Nuke mill, No, not windmills because they're stupid.
Nuclear power is a big one. And you talk about
the type of debt that we've obviously amassed here in
this country, and it's patently absurd. His point was saying
that man, if we can grow our economy, we can
grow our way out of our debt. I don't believe

(01:50:17):
that to be the case. I don't do. I think
it will help. Absolutely, it's gonna help. Absolutely. We need
to grow the economy. But it has to be a
little bit of everything. I want to talk about a
little bit of everything. You need to have elon with
this government raising a chop chop with Ron Paul cutting
all sorts of government waste. And I said this before,

(01:50:40):
I said wow, I mean he also should raise taxes. No, no,
you shouldn't raise anybody's taxes. Nobody should have their taxes
raised until the government can prove that they're good stewards
of our money. Let them balance the budget, let them
stop wasting our funds. Then you want to come back
and ask me for more money so I can pay
down the debt. Fine, Watchdog on Wallstreet dot com. Watchdog

(01:51:04):
on wallstreet dot com. We'll be back.

Speaker 1 (01:51:18):
Taking Wall Streets liars, crooks and cheets out behind the woodshed.
You're listening to the watchdog on Wall Street.

Speaker 4 (01:51:28):
A little bit more on this, on this infrastructure build
out here in this country, And again I want this
infrastructure coming from the private sector, not my tax dollars.
You take a look between eighteen sixty and eighteen ninety
railroad expansion accounted for twenty five percent of the increase

(01:51:49):
in GDP. Same thing had happened with highways. The interstate
system drove productivity growth between nineteen fifty nineteen eighty nine.
What do we need now? Yes, We've got data centers
and this is the place. This is where everybody wants
to do business. They're bigger, they're more powerful, and they

(01:52:09):
need energy. The newest data centers require a full gigawatt
of electricity all day, every day. That is the equivalent
to the energy consumption of a mid size city. The
buildings in power supply alone can cost eleven to thirteen
billion dollars. All of these things we need to do,

(01:52:35):
but it needs to come from the private sector. We
do that disguise the limit when it comes to growth.
Are we going to be able to grow our way
out of the debthole that we're in? No? No, but
it will help anyway. I've got to talk about this.

(01:52:58):
We're going to go off the beaten track here a
little bit. I took a trip down I haven't been
able to get down to some of the parts south
here in Florida where the hurricane did unbelievable amounts of
damage I live in Tampa, Florida, and it did a
ton of damage here too, but it was really bad

(01:53:19):
on some of the Barrier islands. And I went down
to a place memories for me again. I used to
go there when I was younger, when I was a kid,
My grandparents lived down there. It's in Englewood, Florida. It's
in Mannesota, Key. I've yeah, I've seen a lot. I've

(01:53:42):
never never seen the type of devastation that I witnessed.
And you know, the interesting thing was is that I
scanned one of the fishing spots I would go. The
captains that I go out with when I go deep
sea fishing are from in and around the Venice area,
angle Wood area, And I remember getting on the boat

(01:54:02):
and you're going on the intercoastal, nice and slow, and
it's beautiful. But I'd see all these small houses, all
these old homes right on the water. I'm gonna say myself,
my Goddess, storm comes through. This is going to be
a mess. And it is. You can see some videos

(01:54:23):
online on YouTube and whatnot, but quite frankly, videos don't
don't even do it justice and just how bad it is.
You know, beach that we used to go to. You
can't you can't even go on it. They literally have
a mountain of sand, a mountain of sand that they
have to go through all of sand. They actually have

(01:54:44):
to clean the sand because it's all contaminated before they
put it back. This area of Florida's I got a
small time old Florida feel to it. This This year's
season is gone, and I don't even see how it's
going to be plausible that it's going to come back
next year. What the residents are dealing with, They're dealing

(01:55:06):
with their insurance companies. Some people they don't have insurance.
I got a lot of elderly people that have been
into these very old homes that are just absolutely destroyed.
I've been, you know, basically bouncing ideas around in my
head and trying to figure out a way where maybe
you can get some of these people to work together,
work with the county and zoning and maybe they'll be

(01:55:28):
able to sell their property to a developer. I mean,
they can't afford to rebuild. The new building costs are
much much more expensive than they used to be, and
they don't have the funds. Again, there's not a lot
of good options just trying to figure out what the
best options would be. But you know, one of the

(01:55:51):
things that again I've found fascinating, these people are allowed
to get FEMA checks of one hundred and fifty dollars,
seven hundred and fifty dollars, and not only you know,
that's that's basically here you go, here's nothing. They have
to fill out a ton of paperwork in order to

(01:56:16):
get their seven hundred and fifty dollars. Now, I am
a I'm a libertarian, I am a small government guy.
I am and I think that the you know, we
should limit limit what government can do and what they
should do. But I'm sorry, I'm sorry. We should be

(01:56:40):
able to do more, and we could do more. We
just again, we're not the priority. I mentioned this last
week on the program Priority Versus Priorities. Oh, we're a
we're one of the priorities, but we're not nearly one
of the top. And like I said, there's no such
thing as priorities. You just focus on the priority. The

(01:57:01):
priority should be what is best for the American people.
We send billions and billions and billions of dollars all
over the globe, seven one hundred and fifty dollar checks
that that's what we have for the people back here.

(01:57:22):
Are you kidding me? I'm sorry, I'm sorry. We need
again as a nation, as a nation, we gotta rethink
all of this money that we're spending, where it's going,
and how we could better help our citizens here. And again,
I'm not for big government programs, long time social welfare programs.

(01:57:47):
I've talked about the fact that welfare is like a
drug here in this country. Truly helping somebody out. Yeah,
you help somebody out when they're down, you pick them up,
but you also help them get back on their feet
so they can do things on their own. Seven hund
and fifty dollars check. That's that's the best we can do. Again,

(01:58:11):
in my opinion, shameful, shameful. Anyway, Thanks for tuning in, everybody.
As always the Watchdog on Wall Street Show. It's available
to you every single day our podcast. Can sign up
for that at our website at Watchdog on Wallstreet dot com,
our personal CFO program, all sorts of great stuff there
Watchdog on Wallstreet dot com, or give us a call

(01:58:34):
eight hundred four seven to one fifty nine eighty four.
God bless everyone. We'll see you so pose to co

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Watchdog on Wall Street: Podcast for Weekend of November 9 - November 10 2024

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Watchdog on Wall Street: Podcast for Weekend of November 9 - November 10 2024