Watchdog on Wall Street: Podcast for Weekend of November 16 - November 17 2024 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:00):
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(00:21):
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(00:42):
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It's all free right now at success explained dot com.

Speaker 2 (01:00):
Well no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Morkowski 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 3 (01:20):
You can't handle the truth.

Speaker 2 (01:23):
Bringing America the truth about what really happens in the
financial world.

Speaker 4 (01:27):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political economic reality.

Speaker 2 (01:32):
This is the Watchdog on Wall Streets.

Speaker 5 (01:36):
I have a sinking suspicion that I'm gonna probably need
to go to church after this show today. I'm going
to probably have a difficult time keeping my my snark
and aggravation in check here on the program. Welcome everybody.
This is a big show, big show today here Watchdog

(01:59):
on Wallston Reach show. I am been crushed with questions
in regards to what's next Chris, What, what's gonna happen next,
What's gonna happen next with the President, what's gonna happen
with the markets, what's gonna happen with the economy? What
about this pick? What about that pick? And we're gonna

(02:21):
go over that. We're gonna go over that today and again,
what separates this program from every other program out there.
Our agenda, sure and simple, is to help you, is
to help you to be able to navigate finance storms corrections,

(02:42):
understand all of the nonsensical narratives and conventional wisdom, which
is poison that is constantly being shoved down your throat.
You listen to this show, you're gonna you're gonna eventually
become immune to all of the proverbial bull excrement that
is here, there and everywhere. Now, many people out there

(03:06):
right now they're talking about, oh geez, look at what
the markets have done since Donald Trump has become president.
And this is all because of his policies that he's
putting forward. And yes, there there's absolutely some truth to that.
And it's interesting is that the market has a normal day,

(03:27):
I gonna do much, maybe trades down a little bit,
because you wiz, markets do that from time to time.
All mainstream media is out there. Oh jesus, it's paused.
The Trump electoral bumps, stock market bump has paused. Taken
a breather here, Maybe it's not gonna work out. Then
you're gonna bring these morons on various different programs to say, oh, yeah,

(03:49):
it's just a facade. All right, I am gonna serve
up some reality when it comes to the overall economy
right now. And again, this is nothing new to people
been listening to this program for a while. Donald Trump,
Donald Trump becoming president. He has been handed handed a

(04:14):
large steaming pile of crepola. When it comes to economic numbers,
the books, my friends, have been cooked for some time.
And gee whiz, is what are the only program that
has been telling you this for some time? That would

(04:35):
be us, That would be us. We laugh at the
ridiculous jobs numbers that come out every single month. We
look at the internals to see how ridiculous they are.
I was happy to see this past week another former
Wall Street money manager Ed Dowd came out and basically

(04:55):
saying the same thing that we've been saying here on
the program that Donald TRUMPMP has been handed again a
fraudulent set of books. Ej Antoni from the Heritage Foundation.
An actual economists out there, I say, this is where
the snark is coming in. An economist that actually has
a few brain cells that you can rub together. Haskay.

(05:19):
It just provides just facts, facts in regards to what
is happening on the ground. I'm going to go through
some of these, Okay. The percent of credit card debt
that is in severe delinquency continues to rise. We are
at levels that we saw back during the Great Recession.

(05:44):
The cost of living for retirees has increased faster than
the general cost of living since January twenty twenty one,
now up twenty point eight percent. The typical senior citizen
was about to retire now must work another six years

(06:04):
due to inflation over the past four years. And when
you hear out there, when you hear out there, inflation
coming down. Yeah, the economy's really good. Inflation coming down.
Know what you need to translate that into is that

(06:25):
food prices have never been higher and they're still going up,
still going up for years. Yeah, We've been talking about
this for fifteen some odd years here on this program.
We really started pointing it out. We basically went into
the Markowski Investments inflation index, which is what stuff that

(06:49):
we have to live on every single day, whether it
be insurance, whether it be coffee, whether it be kids sports,
whether it be food, the things that we see spend
money on every single day, not the television that you
have to buy once every ten years, but living costs,
survival costs in the United States, that's what it should be.

(07:12):
We should have an inflation index. It should be called
the Markowskime survival index, because those are the costs that
really matter, those prices continue to go up. The average
weekly paycheck has jumped one hundred and seventy one dollars

(07:32):
since January of twenty twenty one. Yeah, so what inflation
has gobbled that all up? And more? Those paychecks that
are paying one hundred and seventy one dollars more by
thirty two dollars less a week. Everything is off, according

(07:53):
to the government. Wrong, wrong, this is this is what
Donald Trump has inherited. I see storms ahead. I'm telling
you right now, Darry And if you know you guys
don't believe me, go go new listeners out there, go

(08:15):
and check our site, Go read our columns. We told
you made fun of the inflation as transitory, so that
there were storms ahead at that point in time. We
called the Great Recession, we called the dot com collapse,
we called Enron. Okay, do I see Do I know
of a catastrophic collapse mark stock market crash?

Speaker 6 (08:34):
No?

Speaker 4 (08:35):
No.

Speaker 5 (08:36):
And I've tried to make this perfectly clear. You never
bet on the end of the world. It's only going
to happen one time. The last last major I mean
COVID was a short end of the world event. As
far as the pundits and the markets were concerned. We
go back to two thousand and eight, two thousand and nine,
Sky's fallen, World's going to end? What what did they

(08:59):
do at Markowski Investments? How did Markowski Investments do so?
How the clients at Markowski Investments make it through all
of these calamities by not doing stupid stuff? Don't do
stupid stuffed don't act upon your emotions. Now we've seen

(09:26):
the markets run up, and that's great. And again, some
of the positions that we have taken over the past
couple of years are up, as Donald Trump would say, bigly, bigly,
and we'll talk about what we're doing with that. At
this point in time, I'm telling you to be prepared.

(09:50):
Be prepared. And one of the things that I discussed
this last week on the program stock market sell offs.
Dips in the market are good things. They're not bad things.
They're wonderful things. They're tremendous things. I love it when
it happens you're able to buy stuff on sale, You're

(10:16):
able to buy quality companies on sale. What in God's
creation is wrong with that? Now? Some people listening to
program be like, well, yeah, I'm living off my portfolio.
Well if you're living off of your portfolio, you most
certainly should have a certain portion of your portfolio in

(10:39):
cash and cash equivalents. So when the market sells off,
guess what, who cares? Who cares? You might be able
to take some of that cast position and buy some
on sale. If you are someone in a position where
you are not utilizing your portfolio, you're building it. You're
building wealth and dollar cost averaging on a regular basis,

(11:02):
you should be taking advantage of all of this. Not
to mention the fact, would I be would I be upset?
Would I be disappointed? Because some people are saying this
to you. Get a lot of lefties out there.

Speaker 7 (11:17):
Now, Donald Trump is gonna cause a recession because it's
gonna cut here emon, They're gonna cut all this government spending,
and it's gonna cause a recession.

Speaker 5 (11:26):
Who cares? Who cares? We're the only ones that explain
to you that recessions are bloody good things. They happen
for a reason. Recessions are like the lymphatic system of
the human body, as long as the recession is handled properly.

(11:51):
What I mean by properly is taking the necessary making
the necessary adjustments, getting rid of the gunk, cutting out
the waste and moving forward, not putting companies on life support,
not printing ungodly sums of money and having the government
misallocate those resources to companies, businesses areas in the government,

(12:14):
the bureaucracy that don't deserve it. Recessions are fantastic, they
really are. If you can take two steps backward to
take twenty steps forward, that to me is a win
win situation. Don't you think if Vivek and Elon and

(12:36):
Donald Trump start cutting a crap out of government which
we need and it causes a recession, do you know
what's going to happen when we come out of that recession?
Do you understand the type of boom we're going to have?
Do you know toed something I'm in the past. Prior
to the Great Recession, Prior to the Great Recession, the

(12:58):
US economy go like gangbusters. After a recession would take off,
the economy would boom. How did that work out when
Obama was president? Nothing doll boring. Remember Joe Biden out
there all the time for recovery Summer Ah recovery summer

(13:22):
Barack about, Oh, everything's gonna take that. They thought that
all of their big government nonsense was gonna get the
economy on track and get the economy going again. It
didn't do anything. We're stuck in the mud. Stuck in
the mud because of the size of government. I want
everybody out there to recognize, Okay, recognize there is gonna

(13:49):
be some potholes, There's gonna be some bumpy areas. The
market is gonna be taking some hits over the next
couple of years. Who cares. I don't care. I'm gonna
keep doing what we've been doing for thirty plus years
here at Markowski Investments, and we're gonna keep killing it

(14:09):
because we're not gonna subscribe. We're not gonna listen to
the pundits on TV. We're not gonna listen to the liars,
the crooks, and the chiefs. We take them out to
the woodshed on this program, week in, week out. You
wanna time the market? Huh? Good luck with that? Own
high quality companies, dollar cost average. This is how you

(14:33):
navigate financial storms, corrections and volatility. This is what we do.
By being a part of this program. By being a
part of Markowski Investments, our clients, listeners, whatever it may be,
you're gonna discern the difference between conventional wisdom and the
reality of the terrain. God willing, God willing. You know,

(15:01):
these things get done. And don't tell me you don't
sense it. Don't don't tell me you don't feel it.
There's that excitement in the air right now, that excitement
in the air about what we can do again utilizing
our full talent here in this country. What is possible?

(15:22):
No eoh two percent growth, one and a half percent
GDP growth, That, for lack of a better phrase, sucks
for the United States of America. We're better than that.
We are better than that. And I think we can
get on that high growth tracked again. But there's going

(15:43):
to be bumps along the way. And again they're already
out there. I have been saying for some time. You
take away, you take away government spending, You take away
the crap that the government is doing government jobs. You
know me, almost twenty four million federal employees, twenty four million,

(16:05):
they're the ones that've been doing the hiring. For crying
out loud, You take away all that we are in
a recession period.

Speaker 8 (16:12):
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Speaker 5 (17:14):
So let's just accept that at this point in time,
let's accept it, accept what's gonna happen, because again, they're
gonna this is all these real numbers are gonna start
coming out post inauguration because they're gonna use it against
the president. And just understand what's coming, and it's gonna
be great. Yeah, I'm gonna take some hits here and there,

(17:37):
gonna take some hits, nothing, no big deal. We're gonna
take them and we're gonna get better. Anti fragile, my friends. Okay,
we're not just robust, We're not resilient. We're better. We
take hits and we get stronger. That's how we design
our portfolios. That's how we do things at Markowski Investments.

(18:00):
Gotta take a break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com is our site again. I'm inviting
each and every one of you to become a part
of our family at Markowski Investments. Our personal CFO program,
my podcast, my newsletter, all sorts of great stuff. Watchdog
on Wallstreet dot com. We have a twenty four hour

(18:23):
day helppopline as well, eight hundred four seven one fifty
nine eighty four. We will be back be a lot
of you.

Speaker 2 (18:46):
This is the Watchdog on Wall Street.

Speaker 5 (19:00):
You know I'm Guaranteedah, you know, at this show, I'll
be answering emails. I try it again. I try to
get away from the emails and the messages until Sunday,
late Sunday afternoon Sunday evening. I'm not one of those
guys that watches football all day Sunday. Man, I catch
a game, but I start getting into them. I know,

(19:22):
I know it's right now. I can tell I'm not
even miss Cleo for crying out out. I know what
the you know, well, you know, Christy, you're saying that
the markets are gonna get volved and things are going down.
Maybe we should just sell right now and get back in. Yeah, okay,
let me explain to you something. Any anybody out there
on TV, any of these pundits out there, you buy, sell,

(19:45):
hold into the market, out of the market. They are
all full of crap. Okay, they are all full of crap.
My friend and I we're talking. We know this. Uh,
this guy I know, and you know it's amazing because
he likes to gamble. He talks about every single time
he goes to casino and we laugh because every single

(20:08):
time he says, oh yeah, what the casino and in
real well I made money on this, I was like,
and we look at this, Yeah, you ever lose. So basically,
you're going to try time the markets going in and out.
You know, the right time to get back in and
the right time to get back out, do you. Nobody
can do that. Nobody can do that, So don't, So don't.

(20:31):
I've talked about this, this is a story that I
wrote back in the nineteen nineties. I talked about my
crystal ball. I talked about it here on the show. Yeah,
I got a crystal ball. But my crystal ball tells
the past, not the future. And again, if you were

(20:52):
to take a look at the events of the nineteen eighties,
think about that, the events of the nineteen eighties, all
of the things that happened during the nineteen eighties, interest
rates going through the up as high as twenty three percent,
unemployment at thirteen percent, businesses fail, banks failing, terrorism, largest

(21:15):
stock market crest since nineteen twenty nine, the president was shot.
Who in the world's gonna want to invest in that environment?
Nineteen eighties? Yeah, well the market was up eighteen percent
a year. That's the point. You don't know what you
don't know, And I don't try to guess. I don't

(21:39):
play it. It's a fool's Erran, What do I have
control over? Wht me worry about things that I don't
have control over. You don't I have control over? Understanding
and analyzing the quality of companies, the fundamentals, what their
prospects are moving forward that I have control over. And

(22:04):
guess what, that's what I deal with timing markets. Good
luck with that. Good luck with that. And for whale
and to do as quit from jawswit site. Anyway, I
gotta take it at a quick break. Watchdog on Wallstreet
dot com. Watchdog on wallstreet dot com. Our site become
a part of the Watchdog on Wall Street family. We'll
be back.

Speaker 2 (22:31):
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we wake up for the sweet rush of getting that warm,
delicious breakfast right before it ends.

Speaker 6 (23:24):
Crush your morning goals with a steak, egg and cheese
bagel or any breakfast sandwich and snag another one for
just a buck with a buy one, get one deal
only in the McDonald's app, limited time only at participating
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Speaker 2 (23:40):
Bottom the only man who is taking on the Walls
Street establishment. Y're listening to the Watchdog and Wall Street
with Chris Markel's.

Speaker 5 (24:02):
How do you all welcome back?

Speaker 11 (24:03):
Ever?

Speaker 3 (24:03):
Ready?

Speaker 5 (24:04):
It does a Watchdog on Wall Street show. Yeah, we've
you know, we've had some massive winners and our portfolios
over the past the past few years with without doubt
some again I'm shocked and how well some of these
companies have done. What do you do? What do you do?

(24:27):
What do you do? Well? Listen? Okay? One of our rules,
one of our rules, part of the Markowski Investments Guide
to Financial Independence is when markets go through the roof,
you get nervous. That's true, I do. I get very
very nervous. How do we handle our winners? How do

(24:48):
we handle the winners at Markowski Investments, some of these
companies that have just ripped I I've talked about and
I utilize mister Miyagi, mister Miyagi from Karate when he's
explaining to Danielle about his Bonzie tree and maintaining Bonzie trees.
It was interesting, is my son's godmother was at a

(25:09):
conference and they actually they it was part of the conference.
They were showing them like a little side thing. They
were doing how Bonzie trees are made and how they
were done, and you know what they're worth years down
the road. And yeah, mister Miyagi's right, cut, yeah, snip, yeah,
I'm kick your three. Well, that's what we do with

(25:30):
our winners. That's what we do with our winners. We
trim positions. We trim positions at Markowski Investments, and we
wear house profits. What do you know what werehousing profits?
Is okay? If if I got a position in a company,
I mean we we don't give individual names here on

(25:53):
the program. We don't do that, okay, because again, you
know what it's wrong, because a bye for you may
not be a buy for your might be in and
buy for the guy down the street. Everyone's situation is
unique and different. Everyone's risk tolerance is different. I don't
run a damn hedge fund. Okay, Each and every client
of ours has a completely different portfolio. Why because everybody's different.

(26:17):
But as positions rise, and sometimes they rise pretty quickly,
pretty quickly, you take money off the table. You take
money off the table, and you rotate assets to other
areas of your portfolio. If you don't have anything at
that point in time, there's nothing wrong. Well, we were

(26:42):
house profits in two year treasuries until we see something
that makes sense. There's nothing wrong with that. But know this,
I could be wrong. We could be taking profits in
a company and a company can go much, much, much high.
But that's okay, that's okay. I guess guess what, people

(27:06):
you know, you never you know poor, You never get poor,
taking profits never you know. I don't even tell a story.
My my son, Stephen, who is a senior in college,
and he's you know, he's getting involved, you know, learning

(27:27):
about our business, the markets and politics. He loves all
this stuff. And I'm goa contact them all the time.
And you know he's got his money from you know
that he's made over the summer working in jobs, working
for us, doing various different things. And he's taken a
portion of that money and he's investing in and one
of the investments that he did, and talent here has
gone through the roof, gone through the roof. And this

(27:52):
past week he took some profits in it. What he
had like eight nine shares in the company something like that.
Took some money off the table and it went higher.
He said, ah, I was like, why are you even
thinking like that? Don't think like that. You made a
prudent choice. You made a wise choice. It's a bit

(28:17):
of a rule, people. Okay, nobody, nobody since the beginning
of time, and nobody ever will. Nobody gets in at
the exact bottom and no one gets out at the
exact top. It doesn't work that way. Nothing wrong with
taking a profit, rotating assets. You still think it's a

(28:38):
great company, It's okay, you still hold on to a
portion of that company. This is all good things, people.
This is proper portfolio management. This is how it's done.
This is how it's well, it's how it's supposed to
be done. This is how we do things. This is

(29:00):
not what you're getting at the big brokerage firms or
anything like that. Now, if you do this, you are
going to build wealth. No, can you get in at
the exact bottom. You canna get out of the executive no, no,
no no. But you're gonna take profits along the way.
You're gonna rotate acids, You're gonna wear house profits, and

(29:22):
you're gonna see it work. And you're gonna get off
that stupid hamster buy sell hole treadmill that they keep
trying to shove down your throat. Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot com again is our site. Become
part of the Watchdog on Wall Street family, our personal
CFO program, all sorts of great stuff Watchdog on Wallstreet

(29:44):
dot com or give us a call eight hundred four
seven one fifty nine eighty four. We'll be back.

Speaker 2 (30:05):
You should believe in math, not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.

Speaker 3 (30:13):
I'd mass so.

Speaker 5 (30:15):
I mentioned something earlier on in the program. And you know,
sometimes I catch myself again always adding new listeners and
new affiliates and more people tuning into the program the
podcast again, I remind everybody. We we you know, this
is the show's available every single podcast FN you out there,
and I mean we're pushing right now. We really are

(30:37):
most certainly a change as far as the dynamic is
concerned when it comes to media. And uh, you do
you want to do the Watchdog a solid, Do me
a solid, Do me a favor. Tell somebody about the program,
whether listen to your on your favorite radio station or
going and listen to it on iTunes or Spotify, whatever
it may be. We we continue to hit pretty good marks,

(31:00):
you know, in the top twenty for business and financial podcast.
But yeah, again, this program is a labor of love
and we're continue trying to get the message out and
you can help. You can help just recommending it to
other people. But neither here there I mentioned the word
anti fragile and it's not my word. It's a word

(31:22):
made up by NASA. Nicholas Talib one of the most
brilliant man, in my opinion, in the world right now,
risk manager, bit of a philosopher as well. He he
searched and search and search for a word for the
opposite of fragile in languages. Type of guy. This guy

(31:44):
is really brilliant guy. He couldn't find anything, so he said, hey,
I want anti fragile. I know people will say, oh, oh,
it's the opposite of fragile, is, you know, robust or resilient.
It's not. It's not robust and resilient means what you
can withstand shocks. You can withstand them, you can deal

(32:04):
with shocks. But anti fragile is when you get hit
with shocks, when you get shaken up, you come out
on the other side better. That's what we do, that's
what we look to achieve at Markowski Investment. We want
anti fragile portfolios. When the markets get rocked, ah, you

(32:30):
take it, You take it, and then you come out
on the other side stronger. It's not by trading kids,
not by trying to guess when the markets are gonna
dip and when they're gonna go up, or when the
next recession is going to be. It's by taking the
hits and dollar cost averaging and moving on. It's part

(32:53):
of our simple process, compounding the Royal Road to rich understanding, understanding,
finding those great safe yields in companies. It's great having
companies that pay you to own them, and you compound
that over time. Number two, don't lose money. You can't

(33:17):
take major losses. You cannot take on risk that will
lead to ruin. For example, example, again, you have the
wherewithal where you can have a speculative portion in your portfolio,
and you want to speculate on whatever. It may be. Fine,

(33:39):
that speculative part of your portfolio doesn't work out, No
big deal, It doesn't lead to ruin.

Speaker 11 (33:47):
Hey, this is Todd Herman, host of the Todd Herman Show.
They call me the Emerald City Exile. Keep it simple, stupid,
watch out for false profits. And I want to start
with the prayer, a prayer that I think every single
actual Christian should pray. You can vote for the machine
in Washington, DC that hates you, or can vote for America.
Check out the Todd Herman Show every day on Apple

(34:07):
Podcasts or wherever you get your podcasts.

Speaker 5 (34:10):
But saying oh, I'm certain this is gonna work out,
and you go all in XYZ or whatever it may be,
fill in the blank, and it doesn't and it leads
to ruin. Don't lose money, which means you're investing like
you are already a multime multime millionaire. You look to

(34:30):
buy assets on sale, and most importantly, little bit of
patience and courage to stand in the face of the
chattering classes. You do that, you're gonna do well, my friends,
You're gonna do real, real well. Watchdog on Wallstreet dot com.
Watchdog on Wall Street dot Com is our site. Become

(34:54):
a part of the Watchdog and Wall Street family. Sign
up our personal CFO program. Listen for everyone that means
you everyone, or give us a call. Eight hundred and
four seven eighty four will be.

Speaker 2 (35:06):
Back bringing America financial freedom, one listener at a time.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 5 (35:31):
Honey Away, Welcome back. Everybody is a Watchdog on Wall
Street show. That was my FM radio voice, which think anyway,
welcome back, And I'm gonna make this very listen up,
very very clear to everyone listening to this program right now.
We are not we are not the white shoe firm,

(35:53):
those fuddy duddy jerks cruising country clubs and golf courses
and yacht clubs looking for super rich clients. That's that's
not who we are. That's not my background. Again. Those
people that you know, those advisors and those people like
to utilize those advisors. Ah, they tend to be people

(36:14):
that want their buttocks kissed all the time. That's not
what we do. We help people from all walks of
life here, there and everyone. Yeah, we got some clients
that that are ginormous, but they're cool. Yeah. The millionaires
that we have at Markowski Investments are ones driving f

(36:36):
one fifties, ones that don't put on airs about them.
It's a different mentality what we have here. Okay, I
refuse to do that. No, no, no, I'm sorry. We
don't have time at Markowski Investments to go out golfing
with you four or five times a year. I've got
too many people to help. I've got a family to

(36:58):
attend to. What we do, pure and simple, okay, is
we are a family office that will handle nuts to
bolts everything you need in a professional manner better than
everybody else. I'm not We're not here to kiss people's butts.
We're here to perform. That's it. And guess what We're

(37:20):
open to everyone. I know I've told this story before
here on the program. Go to industy, used to go
to industry conferences, don't go anymore. I'd rather stick a
hot poker in my eye quite frankly, because at every
industry conference you get some sort of McKinsey experts, some
sort of consultant given talks to the brokers from Morgan

(37:43):
Stanley and Merra Lynch and Goldman Sachs and telling them
to fire that's right, fire their clients, Fire their small clients.
Only focus on the big ticket people. That's what you
need to focus on. Fire the small ones. Ah, it's
they're not worth your time, that's what they say at
these things. Not worth your time. Helping a young family

(38:05):
build wealth, or helping young family build wealth and help
might provide for their kids' education down the road, that
later on down the road is going to become generational wealth.
That that's not worth your time. I can't. Again, as
I said, I'm trying not to be snarky and mean
today in the program. I'm not, but it's hard not

(38:25):
to because again, these type of people again, they make
me nauseous, quite frankly. Why would you if you're so
good and you're so talented, when't you try to be
helping everybody out to become wealthy. Oh, I know you're
not going to generate a lot and fees at them
at this time, they're going to take up part of
your time, so lot who cares. Then't the right thing

(38:52):
to do to go out there to try to serve others. Anyway, Anyway,
I gotta this story again. You know, like I said,
I got my T shirt on. I wish I had
a T shirt to keep asking my kids for it,
the don't Doubt Me shirt. There's a conference taking place
in Tortugal right now where you got all the venture

(39:16):
capitalists and private equity people meeting out there, and they
they said out loud, what we've been warning you about.
Here's a story. It's a tough time for the venture
capital industry right now, as a dearth of blockbuster initial
public offerings at M and A activity has sucked liquidity

(39:36):
from the market, while buzzy artificial intelligence startups dominate attention.
At the Web Summit tech conference, you had various different
private equity people and what they're saying is, I'm going
to translate this because most people don't understand it is
they're having a difficult time finding greater fools to buy

(39:58):
their crap. That's what it is. They're fine, it's much
much harder, much much harder on these crooks. These private
equity criminals out there, because that's what not all of them,
that's what many of them are to find greater fools
to buy their crap. You see, back back when, you know,

(40:21):
back in the day, back when I was new in
this business, guess what venture capital, private equity. Now, that
wasn't what they did. They barely even existed. It was
more that they were basically companies that would dismantle companies
that were falling apart. You could get in at the bottom.
Companies would go public. Companies would go public in their infancy, Google, Amazon, Microsoft, Apple. No, no, no, no, no, no, no, no,

(40:48):
no no, they don't do that anymore. What they do
is is that they get private equity and all big
investors involved in at lower levels and then try to
take the company public at a higher life level and
sell it to you. Now, some companies work out, but
I'd say ninety five percent of them, if not more,
do not. Simply what they're trying to do is to

(41:11):
find suckers, dupes, you greater fools. Every single day, every
single day, I get anywhere between eight and fifteen emails
in my email box from these companies trying to start
ap various different funds trying to convince me to put

(41:33):
my clients in this wonderful private equity fund that they're
starting up. I won't do it. What they're trying to
do is they're trying to liquidate the insiders in this article.
They're actually saying it, so, oh, there's not enough liquidity here.
If your company was so damn good, I don't know,

(41:53):
why not start paying out the owners of this company
in dividends. No, no, no, it's not about that. It's
about this perverse game of musical chairs, this perverse game
of musical chairs where they want you to be the
last one standing. Don't be a greater fool this week,

(42:18):
I'm going incognito. I am. I'll talk about it next
week on the Problem. Going incognito on a gonna have
a meeting with one of these private equity funds. I
want to pick their brain. I'm gonna tell you what
happened in the conference app. We'll talk about that next
week on the show. Anyway, gotta take a break, everybody.
Watch Dog on Wall Street dot com. Watch Dog on
Wall Street dot com is our site. Don't go anywhere,
We'll be right back.

Speaker 2 (42:43):
Chris Markowski is the watchdog on Wall Street. I well
known author, investment banker, consumer advocate, handalyst, trainer, Chris Markowski

(43:08):
is the watchdog.

Speaker 5 (43:09):
The Wall Street.

Speaker 2 (43:10):
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 3 (43:22):
You can't handle the true.

Speaker 2 (43:24):
financial world.

Speaker 4 (43:29):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 2 (43:33):
This is the watchdog Wall Streets.

Speaker 5 (43:38):
Ahl right, Welcome back everybody. I so much cover this week,
and again this is why, again I highly recommend everybody
make sure you sign up for our podcast every single day,
at least I try, they said, try every single day.
Put out four to five different stories, a couplets as well,

(44:01):
dissessing some of the things that are going on in
the world. And again we go after both signs. We're
equal opportunity bashers on the program. And I tell you this,
You're going to get a completely different take than the
mainstream media, a completely different take, an unbiased take than
the conventional wisdom that everybody is shoving down your throat

(44:23):
and you see it all the time, and how they
go about operating how many times this past week. I
don't even know if we'll get into Matt gatz Let
maybe later on the program today. Every single network I
wasn't on anybody's bingo card. Somebody said it once and
then the rest of the network's picked up on the
damn thing and they said the exact same thing. It's

(44:46):
like these people have no creativity whatsoever for crying out loud, none, zero,
zilt's nada. Anyway, Anyway, I gotta talk a little bit
about Doze, Doge baby, yes, the Government Efficiency, Department of
Government Efficiency, Doge, Elon Musk and the VEC Ramaswami. Why

(45:11):
am I encouraged by this? Well, first and foremost the VEC,
even though the Vek ran for the presidency and I
would have had no trouble voting for him at all.
And Elon Musk. They are business people, they are accomplished
business people. They signed the front of checks. They're the

(45:35):
people that I like to vote for. People like to
vote for are people that have actually signed the front
of a paycheck, that have had people work for them,
that have had you know, that are responsible for people's lives,
that help people put food on the table. And again
you take a look everything knows Elon Musk obviously take
a look at Vivek's background as well. So this, which

(46:01):
is great, is going to operate outside the federal government.
It is going to work with the White House Office
of Management and Budget to implement recommendations. Elon Musk is
is actually he's going to post everything on X that
they're doing and is inviting He actually went on inviting
people to comment on what they're trying to cut. And

(46:24):
I like how Trump gave him a deadline. So listen,
you you've got until July fourth, twenty twenty six. Why
is that number two hundred and fiftieth anniversary the declaration
signing of the Declaration of Independence. This is Donald Trump.
Smaller government with more efficiency and less bureaucracy will be

(46:47):
the perfect gift to America on the two hundred and
fiftieth anniversary of the Declaration of Independence. I am confident
they will succeed. Musk wants to cut government spending by
two trillion. Of course through the Beltway in the insiders fight,
It's going to be very difficult to achieve. Yeah, it's
gonna be difficult to achieve because of those insiders. Because

(47:11):
of those insiders, Fiscal twenty twenty four, we spent six
point eight trillion dollars our government spent. It's obscene, it's absurd,
it's obscene. It needs to stop if we can get
rid of this. I've talked about this here on the program.
The sky is the limit our potential. We've got so

(47:35):
much untapped potential that's being wasted by government spending, wasted
on government bureaucrats. It was funny. Somebody put out an
interesting and it's doing a little bit on social media.
I got a kick out of it. One of my
listeners sent it to me. It was all of the

(47:56):
the wizards of smart and pundits and mainstream meeting. When
all they're saying, oh, it's an attack on democracy. You
just replace the word democracy with bureaucracy, and then you'll
start understanding what's going on. I mentioned this earlier on
the program. Here's the exact number. We have a record

(48:19):
twenty three million, four hundred and fifty seven thousand government employees.
Why why, with all of the efficiencies that we have,
with the technology that is available to us, why most

(48:39):
of these jobs. I'm sorry, they're no show jobs. They
are no show jobs. Our deficit has gone through the roof.
We are at the second worst start on record fiscal
year as far as spending is concerned. Who's an interesting

(49:02):
story that was put out this past week talking about
some of the things that we're spending money on. And
I know we've done this in the past. I mean
I've had Stephen Moore on the program years ago. Ran
Paul does his bit every single year. Here's just a
few things, Okay, one point three billion in checks one

(49:22):
point three billion dollars in checks to dead people from
the IRS. One point three billion. Oh, you know it
could be stopped. You know how easy is to stop this?
Oh it's a lot of paper. It's difficult. No, No,
the Treasury has a list. It's called they do not
pay list. So the IRS doesn't even talk to Treasury.

(49:44):
And putting those two and two things to play together,
think about how simple that is. Elon Musk could solve
that in a day. Google could get it done in
five minutes. Do we do it? No? No, prisoners thought
to be free and out of work received one hundred

(50:08):
and seventy one and million dollars in unemployment payments or
social security. In twenty twenty three, Medicaid and medicare sent
out get way for one hundred and one billion dollars
and improper payments. Think about that number for a second.
Think about one hundred and one billion dollars. I got
a lot of entrepreneurs out. Take a lot of young

(50:30):
people listening to this program. What could you do? What
type of business could you build and create? Who's just
a little bit of money? Now? No, this is this
productive money? No, No, it's waste. Twenty twenty one, the
National Institute of Health NIH Faucis group awarded five hundred

(50:52):
and forty nine thousand dollars to a Russian lab performing
experiments on cats, including removing part of their brains and
seeing if they could still walk on treadmills. Yeah, your money.
Joe Biden went to Ireland. He and Hunter went in
an Irish vacation cost taxpayers four million dollars. They needed

(51:14):
a one point two million dollar sound system one point
two million dollar sound system to give a speech. The
NIH thirty three million dollars to a company which runs
Monkey Islands, which is a colony of three thousand monkeys
sent to research labs. They also granted three point seven
million dollars on the studies for monkeys and gambling. Another

(51:37):
twelve million went to the University of Mississippi to test
monkeys on meth. Another labrosy four hundred and seventy seven
thousand dollars to fund research Wait for it, I'm not
making it up into trans gender monkeys. They were injecting
monkeys with female hormones. And oh oh yeah, the pandemic. Yeah,

(52:03):
FEMA is still expected to spend another seventy billion dollars
on the pandemic by twenty twenty six. Think about this
for a second. FEMA is spending seventy billion dollars on
the pandemic into twenty twenty six. FEMA is writing seven
hundred and fifty dollars checks to people who had their
lives wiped out. I know this should make you disgusted,

(52:25):
but no, no, no. You see FEMA's writing checks to who.
FEMA's writing checks to again, people who have ties into government,
to businesses that are going to do nothing for no
show jobs, for no show contracts. I don't know how
these people live with themselves, I really don't. I don't

(52:46):
know how you could just go and just say, you
know what, Oh, I can get this contract from whatever.
I'm just gonna take it and not do a damn thing.
How how can you do that? What's wrong with you?
This State department? State Department awarding grants in Ecuador to
put on twelve drag theater performances and a two minute documentary.

(53:12):
This is your tax dollars at work? Oh oh oh,
federal buildings, I got the number. Yeah, federal agencies are
using right now twelve percent of their space. So what
we're doing right now is taxpayers, is we're paying the electricity,
the heat, the upkeep, the maintenance on all of these

(53:36):
office buildings around the country, twelve percent of which are
being used at this point in time. Oh yeah, another
forty million dollars to oversee the diverse for the equity
inclusion at the Department of Health and Human Services. Yeah
we sent h okay, we're supposed to be going to
war with China. Yeah, we sent fifty nine million to China,

(53:59):
and a lot of it was used to promote gender
equality EPA. EPA needs I guess big time weapons. They
spent hundreds of thousands of dollars on guns, I know,
on and on and on. The list goes on and on.
This is stuff that all needs to be done away with.
But I'm gonna tell you what's gonna happen. Kids, I'm

(54:20):
gonna tell you what's gonna happen with a lot of
this stuff. Okay, and this is both sides, Okay, both
sides of the aisle. Because Republicans, Oh yeah, Republicans will
come out against all the stupid Greens spending and windmills
and other crap that doesn't work. Oh but they're happy
when it comes to their district and it goes to
their buddy, goes to their buddy who gives them money

(54:43):
for their campaign. It's a bloody racket. People, you're gonna have,
You're gonna have Republicans pushing back, just like Republicans push
back against Oh no, you gotta keep that ethanol mandate
in place. Why why, there's there's no reason for it.
It's one of the dumbest things we do as a nation.

(55:03):
Let's put food in the cars. Great idea. Wrong, no, no, no,
they're in this as well. Okay. It's that line a
tur line never never been spoken, a tural in a movie.
Was in Hunt for Red October I think it was
the chief of staff tell Jack Ryan at the time. Uh,

(55:27):
because I'm a politician means I'm a cheat and a liar.
If I'm not kissing babies, I'm stealing their lollipops. And
that's that's what we're dealing with. And I'm gonna be praying.
I'm praying for vec. I'm gonna be praying for Elon,
God willing, God willing they'll be able to get this done.

(55:48):
Gotta take a break. Watchdog on Wall Street dot com.
Watchdog on Wall street dot com again is our site. Ah,
I'm gonna wax a little bit philosophical when we get
back from the break. Watchdog on Wallstreet dot com again,
personal CFO program, our podcast, our newsletter, account repair kids,
all sorts of great great stuff Watchdog on Wallstreet dot

(56:11):
com or give us a call eight hundred four seven
one fifty nine eighty four. We'll be back. So make
me feel.

Speaker 2 (56:32):
Teaking wall streets, liars, crooks and cheets out behind the woodshed.

Speaker 5 (56:44):
All right. I did a lengthy podcast this past week,
and you know, we gotta talk. I can talk about
the radio show as well. In the title show is
religion a man arca and Charles Manson. I'm a fan

(57:06):
of Quentin Tarantino movies and the last one he did
it was, uh, you know, the Hollywood there, Charles Manson,
Once upon a time in Hollywood, and he did a
tremendous job with the Charles Manson crew and the hippies
and how creepy they were. And you know, I've seen

(57:29):
helter skelter, you've seen one such as Charles Manson. We
could talk about cults, Jim Jones and drinking cyanide. I'm
watching what's what's happening around the countries. I'm sure you
are as well. What's the thing here. It's got the
women shaving their heads, shaving their heads and protests of

(57:51):
this vote. They're swearing off procreation or not procreated, just
having sex for the next four years. Which the irony
is that is that they're not going to have to
worry about, you know, abortion. If that's the case. You've
got people going on television, going on television, the pundits

(58:15):
out there telling people to cut off family and relatives
if they voted for Trump. This this is, my friends,
is it's a religion to them. It really is. It
is a creepy religion Charles Manson esque Helter skelter type

(58:37):
of stuff that's going on right now. And I'm going
to say some things here that might put off, might
put off some you know conservatives out there. I'm gonna
I'm telling people out there, you know, you have to
pray for these people. Yeah, this is me. Okay, you

(58:59):
have to pray for these people. Let me let me
tell you something. Okay. My daughter, my daughter is seeing
this stuff on social media. She came home for dinner
this past week and she went off on a ram
I can't stand I hate. She said, I hate these people.
And I got upset with her, and I said, you
don't do that. We don't do that. We don't hate people.

(59:24):
We can hate the sin, we can hate what they're doing,
we can hate what they are espousing because it is bad,
it is evil. But these people, these people, as annoying,
as aggravating, as disturbing as they are, they their prayers.

(59:45):
They don't need us to mock them. We need to
stop with the I gotta put a thread together of
liberals losing their mind over Trump. Yeah, it's funny, Okay, Okay,
it's cute, it's funny, but it's not right. It has
to stop. It has to stop. Why be like them?

(01:00:07):
Why not try to be better? Why not to be
an example? I get some deranged person say something awful
or something nasty. You know, I'm sorry you feel that way.
God bless I hope you have a great day. That
has to be your reaction. Do you understand you want

(01:00:27):
to put a stop to this. This is who we're
supposed to be. You know why I bring religion in
America and Charles Manson together. I pulled it up exactly, okay.
John Adams, John Adams said, and this was a letter

(01:00:48):
from John Adams to the Massachusetts Militia in October of
seventeen ninety eight. He said, our Constitution was made only
for a moral and religious people. It is wholly inadequate
to the government of any other. Now. The John Adams

(01:01:10):
Institute here say that morality and virtue of the foundation
of our republic and necessary for a society to be free.
Virtue is an inner commitment and voluntarily outward obedience to
principles of truth and moral law. Private virtue is the
character to govern oneself according to moral law at all times.

(01:01:31):
Public virtue is the character to voluntarily sacrifice or subjecate
personal wants for the greater good or other individuals or
the community. Specific moral virtues include charity, justice, courage, temperance, reverence, prudence,
and honesty. Now, you know, people, he's right, John Adams

(01:01:56):
is one hundred and ten percent right. We want limited government.
We want to have that. That's what the founders wanted.
But the founders also understood it doesn't work. This country
does not work unless you have a fear of God.
You want limited government. Okay, that's great, but that means

(01:02:19):
people have to police themselves. We have to police ourselves.
And these people out there, they're running rough shot all
over the place. We have to serve as better examples
to them. They make no bones about it. Okay, I'm
sorry to any people on the left. Hey, Italian religion. Yeah,

(01:02:41):
the Constitutions says there's freedom of religion. No, the First
Amendment says Congress shall make no law respecting the establishment
of religion or prohibiting the free exercise thereof That's what
the Constitution says. Yeah, I make no bones about it. Okay,

(01:03:02):
people living here in this country, this is a Judeo
Christian country period the end. Okay, if you don't like that,
if you don't understand that move, you're the problem. You
don't want to believe in the divinny, fine, but follow
the rules in norms because guess what the country doesn't work,

(01:03:24):
doesn't work. Okay, you want freedom, follow follow not just
our nation's laws, but follow God's laws. Watchdog on Wallstreet
dot com. We'll be back.

Speaker 2 (01:03:53):
This is the Watchdog on Wall Street.

Speaker 5 (01:03:58):
All right, about Everyboddy, I gotta not gonna be enough time.
But way go through all this stuff. I got to
talk a little bit about immigration. A lot of people,
a lot of people out there send me emails concerned
about mass deportations and what it's going to mean. And
people said, well, we're not going to have people that

(01:04:20):
are going to able to you know, pick your food
and do all of these things. Uh, you know, construction.
And let me tell you something. I had a conversation
with the builder. My builder built my house here in Tampa, Florida,
and uh, he's got thirty summer job sites going right now.
Thirty some are job sites right now. And he says,

(01:04:42):
he says, I got inquiries for for over three hundred.
It's one builder. He's like, I can't even keep up.
I don't have the workers. When they talk about mass deportations.
When they talk about mass deportations, you really think they're
going to go around and round up eleven fifteen million people. No, No,

(01:05:09):
what's going to happen. Is it going to go after criminals.
Here's a direct quote from Donald Trump. He said, it's
not a question of a price tag. We really have
no choice. When people have killed and murdered, when drug
lords have destroyed countries, and now they're going to go
back to those countries because they're not staying here. There

(01:05:31):
is no price tag now. Campaign they talked about eleven
million people not authorized to be into the United States.
Is that gonna happen? I don't think so. He says.
We obviously have to make the border strong and powerful,
and we have to at the same time we want
people to come into our country. We want people to

(01:05:53):
come into our country. Yes, we do. There is nothing
wrong with legal immigration. Legal immigration is a good thing.
Illegal immigration is a disaster. It is complete mess. There's
no order, it messes up schools. You get all these

(01:06:14):
criminal elements that come into the country. We're unable to
assimilate people into our culture, into our society. We need
a process that works, that makes sense, not anarchy, and
that's what we're going to get. I don't what we

(01:06:39):
have going on. And it was again I did a
bit onto the podcast this past week. It was funny
how Mayor Adams in New York cut off his cash
card program for illegals right after Donald Trump got elected.
Thousands of dollars. Depending on the amount of kids you get,
you would get a month off the taxpayer done. We
can't afford this. We have a real scourge that's taking

(01:07:02):
place here in this country with the abuse of children,
the sex trafficking networks that are taking place, basically slave
labor that's taking place based upon these cartels in Mexico.

(01:07:23):
You don't think that needs to be tackled. You don't
think that we need to go after that one hundred
and ten percent, it's the moral thing to do as
children for crying out loud anyway, talk a little bit
about Lee Zelden and the EPA. Again, what we need

(01:07:46):
to have and I am a conservative, means conserve. We
need common sense when it comes to our regulatory agencies.
You do not need a million of hoops to jump
through land mines all over the place that pop up
that move on any given day. Listen, I get it.

(01:08:08):
Let's I'll throw this out here, xyz. I'll make up
xyz pipeline project. Rather than the answer being no, the
answer should be Okay, we're gonna do this, but how
are we gonna do this and make it as safe
as possible as the least intrusive as possible. People, We

(01:08:29):
do this better than any place else in the entire
world as far as technology is concerned. We can get
things done without screwing up the environment. And let me
tell you something. Do I believe that the full force
of the federal government, EPA, you name it needs to
come down on people that pollute the environment? Your damn straight,

(01:08:54):
I do, damn straight? I do this is we need
to have We need to refix it, habitats and habitat
restoration here in the United States. That's a good thing.
That's a conservative thing. We are not only to be
good stewards of our money and what we passed down
as capitalists, but we need to be good stewards of

(01:09:14):
the environment. We are called upon to do this as
far as regulations are concerned this deregulatory push. Last week
on the show, we talked about this at great length
and red Tape Nation got to get rid of all
of the nonsense. Again. I've shared this quote before, but

(01:09:39):
it works, Steve Jobs. Steve you don't like example, I
needed to upgrade my phone this week, got myself a
new iPhone sixteen freaking tiny little box, no directions in
the box, simple, simple, bloody. Is it to use? Is

(01:10:00):
it not? Steve Jobs being interviewed nineteen eighties. Nineteen eighties,
he was asked, I was asked about. Was a competitor
talking about word processing software? Now I'm old. I remember
this word processing software back from the nineteen eighties.

Speaker 2 (01:10:18):
Did you even use it?

Speaker 5 (01:10:20):
He was right, he was right. I had my mother
type my papers on a typewriter. I ain't using his
software word Star, and Steve Jobs said, he said word Star.
He said, the instruction manual for word Star is four
hundred pages long, so you have to read a novel

(01:10:40):
to write a novel. Said, nobody's going to do that,
and he's right. Take a look at our federal Registry,
the regulation code out there, the amount of pages, the
amount they add to it, the tax code. All of
these things hold us back, deregulate more growth, better for everyone.

(01:11:01):
Watchdog on Wallstreet dot Com. Watchdog on Wallstreet dot com again,
come far to Watchdog on Wall Street, family, personal CFO program, podcast,
news letter, all sorts of great stuff at the site
Watchdog on wallstreet dot com or give us a call
eight hundred four seven one fifty nine eighty four.

Speaker 2 (01:11:33):
Really the only man who is taking on the Walls
Street establishment. You're listening to the Watchdog on Wall Street
with Chris Markowski.

Speaker 5 (01:11:42):
Ah, yes, welcome back everybody. You know, I wish I
got This's gotta be some way of doing it. And
I have to search audio and things that I've said
here on the program and pull them back. I don't know.
I don't have the type of staff to do that
with the radio show, at the podcast and all that stuff.
But another I told you some moment this past year

(01:12:03):
past year, Lena Khan. We love making fun of Lena Khan. Ah,
she's a miserable one. She is. Lena Khan and the FTC. Yes,
they working with the Justice Department stepped in. Stepped in
to thwart the merger of Spirit Airlines and Jet Blue

(01:12:25):
YEP yeah, no, no, no, I'm sorry. No, it's bad bad.
Why I don't know, We're just saying it's bad. They
said that that merger would be bad because you know,
there's a Spirit's, a low cost airliner, and then people
are not going to have low cost flights. Well, guess what,
You're not gonna have any flights at all. Spirit Airlines

(01:12:47):
preparing for bankruptcy and right now there's fears out there
that there could be massive route cancelations over Thanksgiving? Oh yeah,
oh yeah again. Would this have been a problem if
Lena Khan in the ftc all of these people that

(01:13:11):
really don't know much of anything about anything. These are
people Lena Khan wrote a paper when she was in college,
wrote a paper in college, and it's called neo Brandisian,
neo bandrys that if they're you know, justice brandeis neo
Brandisian where they no longer want to take into consideration
whether or not the consumer is harmed, it's gonna be

(01:13:35):
harmed in any sort of mergers and acquisitions. Instead, their
philosophy is, if companies get too big or too basically
too good at something, okay they should be broken up. Yeah,
I'm'm not kidding. You get too good at what you do.
They're considering it anti competitive again. Lena Khan in the

(01:14:01):
FTC would break up the nineteen nineties Yankees or the
uh Tom Brady Belichick uh Patriots for crime out loud.
That is their that is their philosophy. No no, no, no,
no no. Don't invest in your company, don't make better products,
don't innovate. Oh, you're gonna be a threat to competition.
You think I'm kidding, Look it up. Watchdog on Wallstreet

(01:14:25):
dot com. Watchdog on Wallstreet dot Com. We'll be back, buddy.

Speaker 3 (01:14:30):
You're a known man, poor man pleading you rise.

Speaker 5 (01:14:32):
Gone on magrs zombies.

Speaker 2 (01:14:34):
You're listening to the Watchdog on Wall Street. You should

(01:14:56):
believe in math, not magic. You're listening to the Watchdog
and Wall Street with Chris Markowski.

Speaker 5 (01:15:04):
Tie this. It really shouldn't surprise anyone. Shouldn't surprise anyone.
I'm talking about the the FEMA story. It's funny. It's
like right away New York Times, CNN, MSNBC.

Speaker 7 (01:15:27):
Trump is lying, consider lying. FEMA would never do that.
They would never your target people, They were never.

Speaker 5 (01:15:34):
In they did they did again. You know, I'm sorry. Okay,
this is our federal bureaucracy. This is who these people are.
Did you do realize that ninety six percent of the
people who voted in Washington, d c. For the presidency

(01:15:57):
voted for Kamala Harris? You do understand that these are
people that owe their livelihood to a political party. These
are people. They don't really serve much of a real purpose.
And they know it. Okay, they know it. They know

(01:16:18):
they don't contribute much. And I hate to be Yeah,
well I know I don't hate to be I'm being honest.
I grew up with this. I grew up in Albany,
New York. I go up in Albany, New York, where
the grand desire for I got countless amounts of people
was to get a job with the state. What do
you do? I work for the state. What the hell

(01:16:40):
does that even mean? What is that anything I think of?
I think of the movie Brazil and the bureaucracy. You know,
everybody papers flying here, there and everywhere. That's what this is.
You know, it was funny. I was reading a story
I might get into a little bit later on the program.
Liz Trust was talking about making you know, Trump can

(01:17:03):
help make Europe in the UK better again, and the
deep state, the bureaucracy they call it. In the UK,
they call it the blob. And I got a kick
out of that because that's I wrote a column about
our bureaucracy here, but it's probably like two thousand and
six entitled the Blob, like Steve McQueen's blob, Bloated by
the blood of taxpayer money. These are people, they don't

(01:17:25):
they live off taxpayer dollars. They don't create any wealth
here in this country. Oh, I'm so surprised. Oh, she's
FEMA HOUTII. We're not gonna, not gonna help out those
Trump people. Not gonna help out those Trump people. And
the staffer, the staffer that was fired. Now you would

(01:17:46):
think you would think that she would be all over
the news. I'd be looking an interviewer. She only went
on a podcast. She went on what's his name there,
Roland Martin, Roland Martin's podcast. He's just following the higher
ups what they're telling to do. She's just she said,
I'm following widespread FEMA policy. What they say is of

(01:18:06):
avoiding politically hostile homes. That's what they're calling that's what
they call you. If you're a conservative, you are politically hostile.
And I quote her, FEMA preaches avoidance first and then
de escalation. What she said. This is not just in
the state of Florida. You find avoidance in the Carolinas wholely. Crap.

(01:18:36):
Why why am I not surprised? This is nothing new? Jeez?
You happen to remember Lois Lerner. Remember that Lowis Learner
is probably teaching at a college somewhere. She's probably doing
really well, working at the IRS and making life difficult
on any sort of conservative nonprofit and all. You think

(01:18:58):
the usual type of stuff where they target it people
or target organizations. Oh no, at the time, No, I
never do that. The IRS would never do that, right, sure,
yes they will. This is who they are, Okay. The bureaucracy,
the deep state is a donkey. Okay, it is far left.

(01:19:24):
That's who they are. Who they are again, ninety six
percent plus of people in Washington, d C. Voted for
Kamala Harris. Think about it, contemplate and reflect. I want
to talk a little bit about the media. CNN. I

(01:19:45):
got layoffs coming. I used to be a regular on CNN.
This is before the financial crisis, through the financial crisis. Yeah,
even Don and back at the time was kind of tame.
And then they decide to go all in left wing network.

(01:20:06):
But anyway, CNN is going to be having massive layoffs,
the losing a fortune, the ratings are in the toilet.
Comcast looking to unload ms NBC. Joe Rogan broke it
o him and other podcasts as well. But yeah, he

(01:20:26):
broke it's their model doesn't work anymore. And that's a
good thing. It really is. Again, you know, they always
seem to be, like you know, Jason Voorhees, they always
end up coming back in some way, shape, matter, or form.
But uh, you know it just everyone's sick of their nonsense,

(01:20:51):
say the hyperboles. There's on the crap that they constantly
throw out on a regular bit. What was it, dom Lemon?
This past week they got fired from seeing and then
he pulls a Elon mus Let's some host a show
on X and now he's quitting that for crying out loud.
That's not fair. It's not say, oh, shut up for
crying out loud. Anyway. Oh, in case you didn't realize,

(01:21:16):
they're they're holding right now another another climate change conference. Yes,
COP twenty nine, COP twenty nine, and it's being held
in Azerbaijan. I think these fools are quite frankly, they're
on their last leg. But but again you get the
groups there. They're trying to convince everybody to eat bugs.

(01:21:41):
That's right, Your future, the future is bugs, Yeah, except
for the elites who'll be eating at steakhouses. Again, this
is who these people are. The sooner you recognize it,
the better off you're gonna be. Anyway, got it, Take
it on the break, everybody one more, big fat, huge

(01:22:03):
Watchdog on Wall Street our coming up. But again I
want to remind everybody come part of the Watchdog on
Wall Street family. Get to our website Watchdog on Wallstreet
dot com, sign up for our personal c F all program, podcast, newsletter,
you name it, Watchdog on Wallstreet dot Com. We'll be back.

Speaker 2 (01:22:21):
Chris Markowski is the Watchdog on Wall Street. Well known author,
investment banker, consumer advocate, analyst, trainer. Chris Markowski is the

(01:22:45):
Watchdog on.

Speaker 3 (01:22:46):
Wall Street wants.

Speaker 2 (01:22:49):
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 3 (01:22:59):
You can't handle the true truth.

Speaker 2 (01:23:01):
financial world.

Speaker 4 (01:23:05):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 2 (01:23:10):
This is the watchdog well.

Speaker 5 (01:23:12):
Stas, welcome back. Oh boy, we're gonna have some fun.
A're gonna have some fun talking about Donald Trump and
his I love his agenda. It's got he's putting it
out on his website what he's planning on doing, calling

(01:23:34):
an agenda forty seven. And this is just again, I'm
sorry people, what's not to like here. It's interesting is
that the left and you know, MSNBC and CNN and
all the vitriolic pundits out there, they're not even attacking
anything that he's saying or anything that he wants to do.

(01:23:56):
They're just coming up with absurd nonsense. Anyway, let's go
through some of this stuff. Number one, Restoring presidential authority.
Trump intends to reissue an executive order from twenty twenty
which would restore the president's authority to remove federal employees,

(01:24:17):
allowing for the aggressive dismissal of federal workers. Ken Oh
my god. The bureaucrats hate that. They don't like that.
I want to sit at a desk all day play
in Solitaire. Number two. Overhauling National Security and intelligence. Trump's

(01:24:37):
plan includes removing individuals from national security and intelligence agencies
who have engaged in corrupt practices or have used these
agencies against political adversaries. Truth and Reconciliation Commission plans to
establish commision to declassify and make public all documents related
to alleged deep state activities like spying, censorship, and corruption.

(01:24:58):
Now for this, before it was cool. I remember all
the conservatives back in twenty ten, coming on Hannity's program.
Hannity included going after Julian Assange and all this information
that was coming out that I'm glad came out. Oh
oh oh, you know Patriot Act, Oh is wonderful and

(01:25:20):
great things. Spying on Americans, breaking the constitution, bloaty, follow
the constitution, crack down on leaks once to pursue legal
action against individuals involved and unauthorized leaks that contribute to
misleading media narratives. First and foremost, I recommend this to everyone.
We said this before on the program. You pick up

(01:25:41):
and you read a column or an article and the
journalists say our sources, say your sources, huh who who
don't trust it. Don't trust it. There are leakers for
a reason. Okay, they will leak fake information, They try
to drive narratives, they lie, Okay, unless you can put

(01:26:03):
a name to whatever was said to that source. I
don't believe the column Independence of Inspectors General ensure that
Inspector General offices are physically separate from the departments they
oversee to maintain objectivity and prevent them from being part
of the entrenched bureaucracy. Any problem with that? No independent

(01:26:25):
auditing system establish a system of continuing modern intelligence agencies
to prevent unauthorized surveillance of citizens and disinformation campaigns. Any
problem with that? Now? Geographic redistribution of bureaucracy. Continue the
initiative of relocating federal offices outside of Washington, DC to
other parts of the country, reducing the concentration of bureaucracy

(01:26:48):
and the capital. You know, the funny thing is, we
talked about this on the show. The amount of people
that still are claiming residency in Washington, d C. Working
for a government agency, yet they're working on a beach somewhere. Again,
twelve percent occupancy rate in federal buildings is off the
charts and again, they're living in an area where the

(01:27:10):
cost of living is much lower than DC, but they're
getting paid DC wages. Ban on post government employment. I
would take this one even further, but Trump says, prohibit
federal bureaucrats from taking positions at companies they previously regulated
or dealt with to prevent conflicts of interest. Yeah, one

(01:27:30):
would think that would be an obvious It was actually
funny and the big short Michael Lewis talked about that.
There was a part of the conversation actually in the
movie where the young fund manager couldn't believe the fact
that the lady working for the SEC was kissing butt
to the people over at Goldman Sachs so she could
get a job there. He's like, is that legal? She

(01:27:51):
was like, I'll grow up push for a constitutional amendment
to impost term limits on members of Congress and in
to reduce the influence of lay long term incumbents and
refresh the political landscape. Love it, fan fantastic. Have you
seen anybody in the left wing media attacking any of

(01:28:11):
these things. No, No, they can't attack them because to
the American people, they all make sense. They're all logic
and reasonable. So instead they got to come up with
other crap to go after. I could throw a dart
right now. I can throw a dart right now. The
various different things that have been proposing, you know, I'll

(01:28:35):
do this one right now because this is something that's
been near and dear. Talking about colleges and universities. Donald
Trump wants to establish what it's called the American Academy
again no cost, no cost the taxpayers whatsoever. He wants
to start taxing colleges and universities their endowments. We've been

(01:28:59):
talking about this for years. Here on the program, we
describe colleges and universities as hedge funds. Hedge funds with
a nonprofit with a tax tax free ID number, because
that's what they are. Well, what's a hedge fund, right?
Hedge fund is a collection of businesses. Some may be public,
some might be private, whatever it may be. Sometimes they

(01:29:21):
own commodities. What's a college and university. It's a collection
of businesses. Oh, they got real estate, they own sports teams.
They also dabble in education a little bit. They sell books,
they've got merchandising, they do a mere things. They've got

(01:29:42):
massive endowments that invest in all sorts of things. They
are a hedge fund, and they don't pay taxes. Donald
Trump says, enough of it's nonsense, and enough of sending
them money for these ridiculous degrees that don't do a
damn thing. He wants to establish this American Academy, which
in essay, is going to be I get almost think

(01:30:03):
about it, the Library of Congress online, if you want
to think about it that way, and then some. He
wants to make a world class education available to every
American free of charge. This institution will gather an entire
universe of the highest quality educational content covering the full

(01:30:23):
spectrum of human knowledge and skills, and make that material
available to every American citizen online for free. Whether you
want lectures or an ancient history, or an introduction to
financial accounting, training and a skilled trade. The goal will
be to deliver it and get it done properly. Again,
you take a look at where this is being done. Now,

(01:30:46):
you know Hillsdale College does this, and they do an
absolutely fantastic job. You think about it, the only colleges
even eat the price should be going down. They shouldn't
be going up. It's not the cost of education with
the type of technology that we have today. Yeah need

(01:31:10):
these massive libraries and microfiche and Dewey decimal systems and
all of this stuff. The only reason why college is
in university the price keeps going up is because they can,
because we the taxpayers, are forced to lend money to
kids to go to school. We've always used it. It's
almost like it's almost like a piece of artwork you

(01:31:31):
got to buy for your wall so you can move
on in life here in this country. It's completely unnecessary
in today's day and age, quite frankly, in many different
fields and trades, whatever may, it is completely unnecessary. It
is a rocket. It is a scam. I mentioned CNN
before me to CNN before a gat. I'll never forget

(01:31:55):
it never had to be two thousand and seven, two thousand,
I can't remember. I can go looking up. At some
point in time, I got a lot of my old
CNN stuff on my YouTube channel. I'm invited on CNN
Don Lemon's Pro Down Lemons show. It was about college education,
the cost of college education, and had all these panel
r they didn't know what the hell they were talking about.

(01:32:17):
Their mouths dropped their mouths roup and I said, you
want to make the cost of college education go down,
get rid of financial aid, get rid of student loans.
Enforce colleges and universities to charge for their product what
people can actually afford to pay. That'll make the price

(01:32:40):
go down. And again it was, you know, like talking
to a wall. It completely didn't understand it. Oh, soupsitu
are great, and we need more. We need more aids
so we could send more kids to colleges and more
student loans for this. Now we don't, Now we don't. Anyway,
it's talking about another thing here. We have to stop.

(01:33:04):
We have to stop the mutilation of kids. And that's
one of the things that Donald Trump is looking to
do from day one. No more federal dollars going to
this transition surgery nonsense, stopping this nonsense with kids, allowing

(01:33:26):
kids tax pick, putting your kids on drugs, this transgender thing,
it is, it's a religion. It's a sick religion. It's disgusting.
For crying out loud, it's funny. I was watching I
mean in nineteen seventies and they had somebody sent me
a video this past week of there were you know,

(01:33:48):
of the East German Women's Athletic teams. Remember what they
used to look like, these two skits on Saturday Live.
All the hormones they were pumping into those women and
what they look like. And I looked it up. I
looked it up. It's not just it's the parents. I'm sorry,

(01:34:08):
it's the parents. Parents. Remember the movie The Sixth Sense,
the movie The Sixth Sense, you know the ghosts. This
one ghost of this child child shows that the boy
in how she was killed. It shows them the videos
there and it was this mother who had this. It

(01:34:29):
was what they call it. I looked it up. It's
called Munchausen syndrome by proxy Munchausen, And basically what it
is is the caretaker fabricates, exaggerates, or induces illness in
a child for which he or she seeks extensive medical
testing and our hospitalization. The perpetrator, the person in this case,

(01:34:52):
more oft not the mother, Okay, obtained psychological reward in
the form of attention she receives from others. Yeah, and
when this happens, ninety eight percent of the time, it's
the mother and the perpetrator presents as a model parent.
You've seen these mothers out their kids. I love my

(01:35:16):
transgender hy are you out of your mind? This is
sick and it needs to stop now. Anyway, I again,
so many things that we can go over today on
the program. Some of these agenda items flying cars. He

(01:35:40):
wants to push for one third of the United States
land mass owned by the federal government. He wants to
have ten new cities using some of that land. Going
on on bringing cost of living. Just a lot of
great stuff, a lot of stuff that's making. In my opinion,
it's exciting. It's exciting, and the funny thing is is

(01:36:02):
you can watch it. They can't attack it. They've got
nothing right now to go after. It is a positive
agenda moving forward. Got to take a break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com. I do, guys.
I cover this stuff extensively on the podcast every single day. Again.

(01:36:26):
Get to our website, sign up for our podcast, sign
up for our play any your favorite you know, Spotify, Apple,
wherever you get your podcasts. Watchdog on Wallstreet dot Com
is our site. You give us a call eight hundred
four seven one fifty nine eighty four.

Speaker 2 (01:36:54):
Bringing America financial freedom one listener at a time. You're
listening to the watch Dog on Wall Street with Chris Markowski.

Speaker 5 (01:37:06):
About everybody. I've been pointing out on my show for
some time, some of the various different economic ideas, policies
that Trump has been proposing, and some which, again on

(01:37:29):
their face, I have to on their face, I don't like.
I don't like, I don't I don't care for tariffs.
I don't if they are applied in a blanket way
where he has proposed them. But I'm gonna be honest

(01:37:53):
with you, I'm seeing more and more and more of
the things that are being proposed and and a lot
of this stuff, quite frankly, is negotiation. Negotiation, it would
describe this past week. Yeah, again, I had this before.
You know, somebody's playing checkers and other people are playing chess. Now,

(01:38:19):
the normal Ivy League trained economists and talking heads out there,
they're talking about Donald Trump's Donald Trump's twenty seventeen tax
cuts and some of the other tax cuts that he
wants to put forward. And they're talking about this they're
prior to the election. Ah, these deficits, these deficits that

(01:38:40):
t Trump is going to cause. By the way, you
go back, you know the old saying, go to the videotape,
go back to what they were saying back in twenty
sixteen about the twenty seventeen tax cuts and all the
predictions that the Congressional Budget Office made. They were wrong.
They're wrong. Revenue went up. We got record tax revenues

(01:39:03):
coming into the federal government. They always calculate, they always
calculating the impact of tax cuts, but they don't they
don't do a very good job in regards to the
economic activity that increases output. Twenty seventeen, the CBO calculated

(01:39:27):
the impact of the tax cuts as a revenue problem
for the federal government. It's going to be bad. They
did this by multiplying the amount of the tax cut
times the tax base. That's what they did. But they
ignored growth that that this is not how the world works.

(01:39:49):
Speak to anybody that actually has had a job in
the private sector. Okay, these economists, they have not. They
haven't worked in the real world. A lower tax rate
means higher after tax returns on any investment that you make.

(01:40:12):
The higher tax rate the opposite. So if you have
lower tax rates, they result in more things being done,
more things getting done, more investments being made. That's what
that's higher GDP. Hey, what it does? What higher tax base. Again,

(01:40:36):
this is these are all good things. This is what
we want to have happen. And again the lefties don't
understand that terrorists. I think it's more of the threat
when I'm watching in what I'm seeing right now. Again,

(01:40:58):
you're gonna get companies that are going to say, Okay,
we're gonna have to play ball in a different way.
Now Again, do I think do I think we're going
to go back to a point in time where all
of these factories that used to exist back in the
forties and the fifties, that they're going to come back
to the United States. No? No, However, do I think

(01:41:21):
that we're going to see more manufacturing here in the
United States for other reasons, just like the cost of
energy coming down? Yeah, I do. I mean we've already
seen this over the past couple of decades, and it
comes to car manufacturers here in the United States. Could
be other things as well, And again I would focus

(01:41:43):
also on higher end items and what most people don't
even realize that Louis Vatan is making stuff in Texas
right now. Companies are going to have to adjust. Do
I think that we're going to see across the board
tariff increases. No, what I like to see? What I

(01:42:05):
like to see, and was actually interesting. I mentioned Liz
Trust and her piece that she had this past week.
She was calling on uh, the United States and the UK,
no tariffs either direction. Trump tried that when he was
president last time, and the so called conservatives in the
UK shot that down again. To me, free trade agreements,

(01:42:26):
trade agreements one page long. I don't whack you, you
don't whack me. Away we go the foreign policy issue.
You talk about a savings if we can, we can
cut it with all these nonsensical conflicts that are taking
place all over the gloom. We're spending almost two hundred

(01:42:47):
billion dollars a year in the Mid East and Ukraine.
That's that's a that's a chunk of change. More on
this when we get back. Watchdogon Wall Street dot com,
watch doall on Wall Street dot com. We shall return.

Speaker 3 (01:43:06):
A work.

Speaker 2 (01:43:09):
You're listening to the Watchdog on Wall Street. Man teeking

(01:43:31):
Wall Streets, liars, crooks and cheets out behind the woodshed.

Speaker 5 (01:43:40):
Aye, yeah, a little beatles for you here. Welcome. Everybody
is a Watchdog on Wall Street show I'm gonna get
a inny more the Trump stuff. Gotta you have to guys
have to subscribe to the podcast. Gonna go after various
different policy things that he's putting forward and what he's, uh,
he's doing right now. Again, it's not enough three hours
here on the show, but every single day we go

(01:44:02):
after everything that's going on in the new swig. I
got to get to our website. Go to Watchdog on
Wallstreet dot com, Go to Apple, go to Spotify, sign
up for it there, sign up for our personal CFO program.
All sorts of great stuff there at the site. Anyway,
can't buy me love? Why did I play that tune? Well?

(01:44:25):
I started seeing the stories come down this past week.
First and foremost, Okay, you got to think about this
for a second. Kamala Harris, Kamala Harrison. Her campaign spent
over a billion dollars in one hundred plus days, over
a billion dollars in one hundred plus days, and they

(01:44:49):
still ran out of money. Now that they run of money,
there in the red. They're in the red. It was
funny Donald Trump trolling them a little bit, said Hey,
I don't worry about it. I'll cover that bill for you.
And you saw all these celebrities, all these concerts. But
all of these celebrities coming out for Kamala, they got paid,

(01:45:15):
They got paid, blown away. You know, I thought about it.
It was you know, I played Can't Buy Me Love.
There was a nineteen eighties film, Okay, I know I'm
dating myself, okay, being the gen xer that I am.
Nineteen eighty seven film Can't Buy Me Love, And the

(01:45:37):
plot was this, you know, nerdy kid at school, he's
busting his buddy, wants to buy a telescope, but the
real popular girl at school wore her mother's outfit while
she was away and ruined it and had to buy
a new one. And they cut a deal where she
would pretend to be his boyfriend and he could become popular.

(01:45:59):
It's the same day Can't Buy Me Love twenty twenty four,
starring Kamala Harris for crying out loud. Incredible, incredible, All
these celebrity paid and who have Does anybody actually really
listen to them? They really listen to any of these people?

(01:46:22):
You want to compare and contrast, Compare and contrast the
people that came out for Donald Trump. Just again, get
your arms around this for just a second, would you, Okay,
Elon Musk, all of these people, these people that are
in Silicon Valley, all of these business leaders out there, actman.

(01:46:45):
They have sacks. They're risking money, they're risking you know,
personal and professional relationships, coming out and supporting Donald Trump.
Elon Musky going after him. This is the world's richest man,
wealthiest man, richest, little different, Okay, And I'm saying to myself,

(01:47:08):
they didn't get paid. They didn't get paid. Hey, they
reminded me of Okay, you go. You take a look
at the founders of this country then two hundred and
fifty year anniversary signing the Declaration Independence coming up, coming up.
They they signed a death warrant. They were all wealthy,

(01:47:30):
because you know, we got that thing here a thrit people,
they threats paper. All the founders, white men of Richard
they signed their death warrant when they signed the Declaration
of Independence. That's what they did. They do it for money. Anyway,
I mentioned this twice. Listen this twice, and you know

(01:47:51):
I mentioned twice. I better bring it up. Liz Trusts again.
She was Prime Minister for a day or two in
the UK until they ousted her. Because you know, God forbid.
She put forth a pro growth agenda. She took to
the Wall Street Journal and had a peace saying ow
and talking about how Trump could save Europe and quite frankly,

(01:48:15):
I hope he does. I hope he does. You know,
I for one, okay, I love going there. I do again.
I love Europe. It it's an open air museum, there's
no doubt about it all. And I love the rich
history and everything goes along with it. But they are
in deep trouble, she points out. She points out that

(01:48:38):
in the nine in the two thousands, two thousands of
the UK, sorry, and that wasn't it was. It was
a round. It was doing that well. Again, the UK's
had a higher gross domestic product per capita than Americans
in two thousand and eight during the financial crisis. But
right now, right now, they're thirty four thousand dollars a
person poorer in the UK. Sixteen years ago, the European Union,

(01:49:06):
European and the European and US economies were neck and neck.
Today the United States economy is fifty percent larger than
the entire EU combined. Again, Donald Trump can push Europe
in the right direction. We're starting to see people wake

(01:49:26):
up over there, put it pushing back against the whole
net zero crap that they've been doing and actually getting
them moving and grooving again. This is great for both
sides of the pond. I couldn't believe it. I took
a look. Electricity prices in the UK are five times

(01:49:46):
what we pay here, five times. Why would anybody start
a business there? Why would anybody open a factory there?
We want them to do well. We again, rising tide
lifts all boats and you're starting to see the chips fall.
You've got a great prime minister in Italy. The German

(01:50:09):
government just collapsed. UK is a complete another story. They're
off the deep end at this point in time. I
won't even be dealing with them. Eastern Europe, Poland, these
former countries that were communists, they've got it going on
at this point in time. So there's a lot to
look forward to. And again Donald Trump and his policies

(01:50:29):
pushed them in the right direction. Gotta take a break.
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com again,
personal CFO program, all sorts of great stuff. Watchdog on
Wallstreet dot Com. We'll be back.

Speaker 2 (01:50:56):
This is the Watchdog on Wall Street?

Speaker 5 (01:51:05):
What have I heard a song I instantly think of.
I was an episode of The Simpsons ages ago when
ap who from the Quickie Mart started going out dating
and the gude anyway, welcome back. It is the Watchdog
on Wall Street show. I saw the story this this

(01:51:26):
past week, and again this is another thing that God willing,
God willing, we get this country back to a non
interventionist foreign policy, what our founding fathers wanted, and away
from this neo con crap that we've been involved with

(01:51:47):
now for generations, generations completely going against what we are
really supposed to be about. And the neocons are out there, Hey,
you get the John Bolton's of the world. I hit
a John Bolton at the Republican Convention two thousand and
eight Tampa, Florida, and the guy gave me the like

(01:52:10):
a cold chill. I don't know what it was. But again,
it's just these war mongers out there. I can't stand them.
But anyway, I again I learned my lesson. I did.
I learned my lesson with these people. Again. I was naive.

(01:52:30):
I'm in it. I was naive. I was naive back
when George W. Bush decided to decided to basically be
Team America World Police and take on the globe and
lie to the American people and yellow Cake from Niger
and all this crap that took place and what we

(01:52:52):
have done. We need a clean break from these policies.
Last weekend and today it drives me out, drives me
not there. Oh it's George jo Bush. You's doing a
bike ride for veterans, these Peyton pictures. I'm like, what
he should do is come out and apologize and admit
what he did was wrong. Oh and I know I

(01:53:16):
gonna get emails he went wrong. But really, really, here,
here's a story for you. Okay. Iraq is passing a
law that will lower the legal age of consent from
eighteen to nine years old, allowing men to marry young girls.

(01:53:37):
Oh yeah, yeh yeah yeah. The Shia conservative groups that
dominate Iraq's parliament have proposed an amendment to the country's
personal status law that could see a Taliban style rollback.
We did that, We did that, We allowed this to
happen there. So now yeah, it's nine year olds, the

(01:53:58):
turning basically Iraq back into the Taliban Afghanistan. It's got
to stop. People. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot com is our site. We'll be back.

Speaker 2 (01:54:13):
Chris Markowski is the Watchdog on Wall Street and the
only man who is taking on the Wall Street establishment.

(01:54:36):
You're listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 5 (01:54:43):
A little Boston. This is high school post football game
party music. Anyway, Welcome back. Everybody does the Watchdog on
Wall Street show this story as well. Again, little things
that you're seeing in the news that you know, I
spot that again. For whatever reason it may be, the
mainstream meeta doesn't pick up on what it actually means.

(01:55:06):
So Taiwan, Taiwan all of a sudden says that they
are going to have this massive, massive they want to
purchase fifteen billion dollar weapons package here from the United States,
sixty f thirty five fighter jets and four hundred Patriot missiles,
ten retired warships right on down the line, whole list

(01:55:27):
of things, all of a sudden, after Donald Trump wins
the election, and I thought about this, and I thought
about splitting checks. In my opinion, everybody's different. Okay, I
don't split checks. Okay, it's just you know, I don't
like splitting. I'm gonna give the give the waitress, you know,

(01:55:51):
the two three credit now, no, you know, I got it.
I'll pick this one up, you pick up the next one.
All comes out in the wash. To me, it's kind
of a man law. It just it is what it is.
That's my belief system that's doing split checks. Okay, come again.
I got out to dinner with people that I like.
I'm gonna see them again and go again. You know
it's all gonna come out and watch you get it
next time. No big deal. Well, that works when you

(01:56:15):
know that the people you hang around have the same
philosophy and belief system that you do. It doesn't work
when people take advantage of you. And that's what the
world has been doing for an extended period of time.
And again they know the world knows, Europe knows, Taiwan
knows that Donald Trump knows that. So this is why

(01:56:38):
they're spending money at this point time. Anyway, this story
Man again, at some times, these people are so dumb,
so dumb. So I think of h the Frank from
the show Chink. You're being obtuse to say least will be.

(01:57:01):
Goldberg decided to call grocery store owners pigs on the
show said that food inflation is due to grocers grocery stores.
They're pigs. I I don't know how these people I get.

(01:57:23):
I mean people watch it that they do. I mean
again again, they obviously have the ratings to stay on
the air. Well what does that tell you? But just
how dumb again, how vapid people are out there. Grocers
are pigs. I worked at a restaurant in my younger, younger, younger,

(01:57:47):
younger years when I was first in New York City,
and the restaurant that I worked at, the owners of
it were happened to be one of the best best
grocers in the city. And people from me with the
city might be familiar with Balducci's and Balducci's. I don't
think it's any longer they sold a name, but they
I worked for their place on the Upper East Side.

(01:58:09):
It was called Grace's Marketplace. And the owner, he was
a righteous dude, and he, I mean, how he ran,
how hard he worked, always taken a time out if
you asked him questions about why he did something or
why something was done. His grocery store, you couldn't find

(01:58:31):
a bare spot anywhere. There was he was selling something
in every corner everywhere and had all these Italian delicacies
and all this great stuff. He was awesome. They also
happened to be the number one produce supplier in the city.
Did all of these things worked his tail off? Did
he do well? Did he make money? Absolutely? Is he

(01:58:54):
a pig?

Speaker 9 (01:58:56):
No?

Speaker 5 (01:58:57):
She'sed to show me, Oh, I make this lot of
money on this the margins that were involved in that business.
To have these fools on TV mouthing off when they
don't know what they don't know, just talking to talk
and again at some point in time they doing it

(01:59:17):
for ratings? Are they really that stupid? And if they,
if they really know that they're lying on TV? Again,
how do you do that? How do you get in
front of a microphone and knowingly lie and spread half
truths to you know outright? I mean just one thing

(01:59:38):
after How do you do that and live with yourself
and go home that night? Well? I know you know
Whoopy's worth? What sixty seventy million dollars? I guess that
might make her feel a little bit more comfortable, wouldn't
That wouldn't make me feel comfortable? Liars liars? A liar anyway,

(01:59:58):
mentioned this as well. I had a real sympathetic moment
this past week for Kamala Harris. Iind kidding I did
her former communications director this, Jamal Simmons. He's been going
on the networks out there and he's calling on Joe

(02:00:18):
Biden to disrupt Donald Trump's transition. And he is telling
Joe Biden. He suggests that Joe Biden resign before Trump
gets inaugurated to make Kamala Harris the first woman president.
That's the way you want to do that? Are you

(02:00:39):
kidding me? You don't you think that that's a horrible
thing to do to Kamala Harris. High I'm the first
woman president and I got it because of some sort
of technicality. BS ridiculous joke, looking to upset a transition.
This is what you think is great for the country. Again,

(02:01:02):
he's saying this would be great because then then Congress
would have to convene and then pick a vice president
and do all these things, and it would upset the
entire Trump transition. Again, there's a whole noother level of
evil that these people do. It is. I'm just sorry. Anyway,

(02:01:23):
gotta go, you gotta go. I had a wonderful time.
As always, everybody again, I invite each and everyone he
become a part of our family, the Watchdog on Wall
Street family, the Markowski Investments family. Get to our website
Watchdog on wallstreet dot com, or give us a call
eight hundred four to seven one fifty nine eighty four.
God bless everyone

Speaker 2 (02:01:47):

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Watchdog on Wall Street: Podcast for Weekend of November 16 - November 17 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 16 - November 17 2024