Watchdog on Wall Street: Podcast for Weekend of November 23 - November 24 2024 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trader.
Chris Markowski is the Watchdog on the Wall streets exposing
the lines and myths that the big brokerage firms, the
mainstream cress, and the government are pushing to keep Americans
away from financial freedom.

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

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

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

Speaker 1 (00:40):
This is the Watchdog Wall Streets.

Speaker 4 (00:43):
Well, Happy thanks Giving everybody. Ah right, We're gonna have
a lot of fun today. You got a lot we
gotta go. Oh we're gonna talk about Thanksgiving movies, maybe
throw a little bit of football, but yeah, a little
bit of finance as well. I want to do again
all of our new listeners out there. We continue to
grow this program week in, week out, twenty five years now.

(01:06):
It's the longest running financial slash, politicals lots, economics societal
program in the country, but on the air for twenty
five years. Become a part of our family by getting
to our website at Watchdog on Wallstreet dot com. All
sorts of great stuff there our personal CFO program, podcast, newsletter,

(01:27):
you name it. I I'm gonna start off today. I
don't I want to be Debbie Downer. Okay, it's gonna
start off like I'm sounding like a Debbie Downer, but
I'm gonna turn it around because that's just how we
operate here. We do a little recession, talk a little
bit about recession. I am. I want calm about this.
I don't know, maybe about fifteen twenty, I don't know

(01:48):
how many years ago. In Search of Recession was a
title my column. You can turn on a business network
at any point in time and there's always gonna be
someone there that's talking about recession. Is there a recession coming?
Could a recession be around the corner? And most people
they don't quite They don't really understand what it is

(02:08):
or what it means many people, and I thinks one
of the reasons why we saw such a flip when
it came to the electorate this time around, many people
in this country have felt like we've been in a recession.
But no, no, no, no, no, no no, the powers
that be, the wizards are smart in the news, the
pundits out there, no, no, no, we know we've got

(02:31):
economic growth, the economies. The economy is strong, right, No,
the economy is like Donnie Brasco say, is it Fougasi
at this point in time? In Search of Recession? In
Search of was a Leonard Meme Bless show from the
nineteen seventies that I loved as a kid. If you

(02:56):
actually think about it, it was a pretty ground breaking
I mean it was way ahead of his time, about
a half an hour every single week, and Leonard Nimoy
would be in search of Blockness, Monster, Bigfoot, UFOs, Amelia Earhart,
all of these things. I think that's mostly reserved. Those

(03:17):
shows are on the History Channel now, for crying out loud,
don't even why they call it the History Channel. But anyway,
neither here nor do I love that show. And you know,
you listen to the pundits. It's people out there. They're
always in search of recessions, recession around the corner. Well,
you know what, I've been saying this for some time
and I'm gonna say it again, and now you're getting

(03:38):
more and more people that are jumping into my camp.
We've been in a recession since twenty twenty two. We
have been in a recession. You want to call it
a private sector recession. Call it a private sector recession.
I don't care. We are in a session. Every number

(04:02):
that I see, every metric, whether it be manufacturing, whether
it be jobs, whether it be household participation when it
comes to jobs, and this is a myriad of things
out there. The GDP numbers have been bloated, have been
blown up because of government spending. It's not real. It's fake.

(04:32):
This is not This is not an economy that is
going swimmingly, like everybody is telling you. All the pundits
are in CNN and ABC and NNSCBC and CNN all
and I don't understand the Bmerican people. They don't know
what they're talking about. The economy is just awesome, wrong, wrong,

(04:56):
every single metric I look at, it's ugly. It's ugly
across the board. We all see it, we all feel it.
We all know what we're paying at the grocery store.
We have all seen the value the spending, the spending
power of our hard earned dollars get flushed down the toilet. Yeah,

(05:22):
the American people, they will come. You can't tell people
that the economy is marvelous. Oh, it's just wonderful. When
you're not seeing it in your daily finances, in your
daily lives. It's ludicrous propaganda, it's nonsense. You know. The

(05:42):
funny thing is to talk about this in terms of measurement.
And I Cartman on South Park and you all know
I love that show. And they're always teasing him because
he's he's overweight, he's overweight. He always saying, I'm not fat,
I'm just big boned. Well again, I thought about that,

(06:03):
because the metric that we use to calculate the CPI
and what's going on with inflation, a pound today is
not a pound from the nineteen seventies. We try to
explain it this way, when inflation was running at nine percent,

(06:24):
was running at nine percent, and all the wizards smart,
we're telling it was transitory. If you actually went back
to the way we measured inflation back in the nineteen
seventies into the nineteen eighties, inflation would have been running
at over eighteen percent. The inflation numbers that we calculate today,
they don't even take into consideration home prices. They don't

(06:49):
they have some ridiculous rent equivalency metric. They don't even
take that into consideration. Not to mention the cost of
operating and running a home. These hits keep on coming.
These are the expenses that people have to deal with
every single day. And it hurts. It hurts how much

(07:16):
times my wife walks in the house and I can't
believe what I just spent at the grocery store. It's insane. Now,
how all of it they're going to tell you, Well,
you know you're making more money out there, it's not
keeping up. The only inflation that really truly matters is

(07:40):
household inflation. And again, for my listeners here, longtime listeners
of the program, we've been pointing this out. We have
our own inflation metrics that we use at Markowski Investments,
and we're talking about this for decades. Now, Well, what
do you spend money on every single day? Think about it. First,

(08:00):
not every single but almost every single day. Whether it
be coffee, whether it be you know, a run to
the hardware store to get air filters, whether it be food,
whether it be gasoline, whether it be insurance, whether it
be sporting goods for your kids for sports. All of

(08:22):
these things have gone through the roof parabolic. My daughter, dad,
you know, my stick's not throwing well to the lacrosse
player National championship team. So I know we're getting new
sticks coming soon, but I want to be playing well
in practice. Can I get a new stick? Sure? I

(08:44):
see in a credit card almost three hundred bucks. I
almost pull my hair out? Are you kidding me? When
did that happen? I mean, everything going up in price? Now,
how do you go about dealing with recessions? Okay, recessions

(09:05):
no good? Inflation no good? So you can basically stay
we're in a stagflationary environment. Again, that's a term. You
go back to Jimmy Carter. Okay, first and foremost, you
better be investing because you're gonna have asset inflation along
with that. You have to you must have your money

(09:26):
must be working, Okay, it must be working. It better
be working hard in order to try to get ahead
of all this as far as the overall economy. And
again you take a look. See again, you just look
at you know, the stock market, did this the S
and P five hundred. Take a look at the Russell

(09:47):
two thousand, Russell two thousand small cap mid cap companies there,
whyt's take a look to see how well they're doing.
Not so much. And that's a better reflection on the
overall economy here in this country. How well are they doing.
What's the type of earnings growth that they have seen. See,
we got to get back to that again. And you

(10:08):
defeat recessions, defeat recessions within your household with your portfolio
by being what we like to call anti fragile not
my word, not my word. I've talked about here on
the program. We've talked about having an anti fragile financial plan.

(10:29):
We've talked about we've helped people out, got my clients
giving them advice in regard to the business about having
an anti fragile business. And the entire idea, the entire
concept is that you have to absorb shocks and you
are going to get better. You're gonna absorb shocks. You're

(10:51):
gonna take a hit and you're going to get better.
You're gonna take an obstacle, You're gonna take an adversar,
you gonn to take a challenge. You're gonna absorb it.
You're not gonna withstand it. You're not gonna just withstand it.
You are going to get better from it. That is

(11:12):
the concept I was. I was thrilled this past week.
Thrilled this past week. I am fortune, I'm a Giants fan,
but I am also I've become I become a bit
of a Detroit Lions fan. Why the head coach Dan
Campbell my kind of guy. I same way I watch him.

(11:32):
You watch them in that h that Hard Knocks program.
I said, that's basically how I had coach kids to
same thing. Don't Detroit Lions have a shirt right now?
Anti fragile And I'm like, that's awesome. They're getting it. Recessions, Okay,
recessions are like you gotta look at them as almost

(11:56):
like the lymphatic system of the human body. That's how
I've described it in the past. Okay, time time to
get rid of the gunk. What's not working? Okay, what's
not working? Right now? We're gonna we're gonna take a
look at this. Okay, we're gonna take a look at this.
Maybe this is not working. Maybe we can change something
in our marketing plan, how we're doing this, how we
are you know who our suppliers are, and we're gonna

(12:17):
look to improve. So we're gonna take the challenge, We're
gonna take the hit, and we're gonna come out on
the other side. Better. The same thing holds through with
your portfolio, the exact same thing. It's no different. Let
me let me explain it to you this way. This
past week. Past week, I'm had a couple of meetings

(12:39):
various different fund managers were looking to get Markowski Investments
clients involved in what they're doing. And from time to
time I take a meeting, and you know what, the
funny thing is, the first question that they asked me,
first question asked every single time. Hey, Chris, what do
you think is gonna happen when it comes to the market.
Where do you see the market going gotta? I laugh,

(13:03):
and I say, it doesn't matter. I know they're trying
to make small talk Wall Street small talk. I said,
it doesn't matter for me, it doesn't matter for my clients.
We're gonna do well either way. I don't give a
darn what the market's gonna do over the short term.
We have anti fragile portfolios. Every single time we get whacked.

(13:28):
Every single time mister market decides to whack us, or
recession decides to come great recession, dot Com collapse and
rod collapse, European crisis, Asian whatever it may be. LTC.
And you want to know what our clients come out better.
Why again, we're anti fragile. We don't play the ridiculous game,

(13:54):
the buy sell hold game. We're not going in and out.
We're not trying to guess what the market is going
to do. It's a fool's Errand well, we'll take a
market hit and say, where's the opportunity here? How are
we going to profit from this? How are we going
to come out the other side of this recession better?

(14:16):
That's It's the same thing with everything in life. That's
why I love that day. Lions are putting that on
their you know, they're wearing these little shirts, these anti
fragile shres.

Speaker 2 (14:25):
That's it.

Speaker 4 (14:27):
That's it. Take the challenges, take the hits, and become
better in search of recession. Recessions here, recessions here, man,
it's here right now. We're all dealing with it. God willing,
God willing were to come out of it. And we're
going to talk about some of the policy things that

(14:47):
are being put forward that Hey, listen, who who wouldn't
want to see this country get back to three to
four percent growth coming out of a recession. The last
major recession that we're in was the Great Recession. What
do we do we decide to let the government handle
the entire thing, what do we get a lackluster, lackluster

(15:07):
recovery at best. And we've been stuck in that for
some time. That needs to change. With that being said,
is your business? Anti fragile? Is your portfolio? Anti fragile
is your household? Anti fragile that's where you need to be.
Got to take a break. Watchdog on Wallstreet dot com.

(15:27):
Watchdog on Wallstreet dot com is our site. Again. We
invite each and every one of you to become a
part of our family, Watchdog on Wall Street Family, sign up,
our personal CFO program, our podcast. Really appreciate if you
could tune in sign up for our podcast every single day,
all sorts of great things Watchdog on Wallstreet dot com,

(15:49):
or give us a call eight hundred four seven to
one fifty nine eighty four. We'll be back.

Speaker 1 (16:12):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (16:22):
All right, again, this is funny, not funny to some degree,
and we'll get into the geopolitical stuff a little bit
later on in the program. But it was amazing. I
do guest appearances on radio shows every single day, every
single day. And actually that's actually how I got started

(16:44):
in radio back in the nineteen nineties, before I had
a show, guest appearances on radio and TV. And you
know question I got this past week basically, what do
we do with the threat of nuclear war? How do
we invest? How do we invest? What are nuclear wh
stocks are dropping because the threat of nuclear war? What

(17:04):
do we do? You You buy the dip. You buy
the dip because if the nuclear war doesn't happen, everything's
going to bounce back. And if the war does happen,
well you're not gonna need the money anyway. And I

(17:26):
know that's a little dark, but we say it here
all the time. Okay, never bet on the end of
the world. It's only going to happen one time. And
I say, it's funny, not funny. We're gonna get into
some of the geopolitical stuff a little bit later on
in the program, but you need to understand that, Okay,
this is this is a serious event. But every single

(17:51):
major issue, okay, is and again, whether it be financial
christ whatever it be, it's always is always put out
there like it's gonna be the end the world. Why
because the people pushing that narrative they want you to sell.
They want you to sell because they want your stock.

(18:11):
They want your stock at a lower price. I'm gonna
give you a quote from JP Morgan during bear markets,
market selloffs, stocks returned to their rightful owners. That's basically
him talking trash to the entire country, saying, you're a
bunch of dupes out there. You buy high and you

(18:32):
sell low. And he's not wrong. He's not wrong. Okay,
to everybody that's new to investing out there. I actually
had to explain this to some people this week with
Robinhood accounts. They didn't actually even understand the concept of
buying and selling and that when they sold their stock

(18:54):
somebody was buying on the other side. They almost thought
it was like some sort of casino chip. It's not
understand that. Got to talk. Actually, we'll talk about this
right in line. Okay. Retail traders, retail traders, Robinhood, Okay,

(19:18):
people that are online trading. You want to know how
far what the average performance is this year three point
seven percent. The average retail investor is up three point
seven percent. What's the S and P u twenty five,
twenty six, twenty seven percent this year three point seven percent.

(19:43):
That's what the average retail investor is seeing right now.
Wait wait till sell off, Wait until market sells off,
and they all start doing dumb things again and again
and again. You would have been better off putting your
money into a bank, into a savings account at a bank,
crying out loud. Come on, people, you've got to do

(20:04):
a better job with your money. Okay. There is a
right way of doing things, and there's a wrong way
of doing things. And if you actually think you're gonna
trade your way to riches again, farewell and adu, my friend,
farewell and ad gotta take a break. You are listening
to the one, the only, the Watchdog on Wall Street program.

(20:25):
Watch Dog on Wall Street dot com is our site.
Come apart, personal CFO program. We're here for you, Watchdog
on Wallstreet dot com. We'll be back.

Speaker 1 (20:38):
You're listening to the Watchdog on Wall Street.

Speaker 4 (20:56):
It's a beauty.

Speaker 1 (21:01):
Bringing America financial freedom, one listener at a time. You're

Speaker 4 (21:12):
Welcome back, everybody. Yeah, some of the conversations I had again,
these are big wigs, some of the larger firms putting
some things together and asking me about my business and
you know, my radio show and podcasts and you know
what we're all about. And yeah, I'm very bunt with everyone,

(21:36):
like I am here this uh, this program, this program
and what we've been doing for thirty years at Markowski Investments,
twenty five years here for the show, and I am
again it's Thanksgiving. Maybe I'm getting a little bit sentimental
in my old age. It has. It's done so much

(22:00):
for our family and comes for the families of our
clients because it's like almost a weeding out process. It's
the weeding out process that we have here at Markowski Investments.
Are we holding tryouts for clients? No? No, This is
what separates us. And this is one of the things

(22:21):
that the big firms they don't understand because I've always
asking about what's your client minimum? Client minimum will help
anybody out, anybody out there, as long as they're not
a jerk, as long as they're not a jerk, as

(22:42):
long as they're willing to listen, as long as I'm
I can have a conversation with them. And again, it's
one of the benefits of this radio program is that again,
you're going to see what I'm all about. You're got
to see what my value system is all about, what
we stand for or and again it's a type of

(23:04):
clients that we have and makes it very very easy,
very easy. Yeah. I you know our accounting firm that
we work with, Danafrio Incorporated, run by my best friend.
It's one of the best in the country. He's finally
learning this, he's finally learning And I try to explain
to him because some of the clients that he has

(23:25):
outside of Markowski Investments are nasty, nasty to his staff me.
I'm like, you don't have to deal with that. It's
not worth it. It's important. It's important doing business with
individuals that have similar value sets. It really does. And
that doesn't mean I gotta work with him because he's

(23:47):
a Democrat or he's a Republican. Reason of this, he's no, no, no,
are you respectful? Can you have a conversation you're gonna,
you know, able to debate a topic if you're off
the topic of find us whatever it may be, without
it evolving into some sort of nonsensical argument. What is

(24:12):
your what is your belief system? Okay, and I got
I just find this all the time. I said, I
have small business owners, I've got families, people from all
walks of life, all corners of the country, all over
the world working with us. And again it's it's been awesome.

(24:33):
It has been awesome because they're just great. Finally, they're
just great, great people, and you know, it works when
you're doing things that way. Yeah, I kind of shared
this this past week on the podcast, and again it's
kind of what we try to do here on the show.

(24:53):
We always talk about this. You look at our personal
CFO program, defying conventional wisdom, the narratives of the day,
the garbage that's being shoved down people's throats. And there
was this client sent this to me and it was
it was a takeoff from the Matrix and they're talking

(25:15):
about the four different types of people, four different types
of people you're going to meet in life. There's the
people that try to wake up the slaves. There's the
slave masters. There's people out there that have no idea
at all that they're enslaved to some narrative out there,

(25:39):
and there's the people that actually like being a slave.
We want to put the kebash on all of that,
and this is what we we task you to do.
You're listening to this pro people listen to the podcast. Okay,
you want to make America great again? We all do, right,

(25:59):
We all want to leave a world a country better
for our kids, for our grandkids. That's what we're tasked
to do. That's what I believe God wants us to do.
We should be putting full effort into that. How do
you go about doing that? Think about that for a second.
How do you accomplish that? Say? Every week, build, create, protect,

(26:21):
and teach, you do those things. You do those things
every single day. You're gonna make America great again. We're
all gonna make America great again. We're all given a
unique talent, a unique ability that we are tasked, we
are charged by God to find out what that is,

(26:43):
to take that, invest that talent, put time and effort
into that talent, grow it, make it great, and pass
it on and it could be whatever. It's different for
each and every individual. This is one of the things
I tried to explain to the Wall Street types out
there right, Why don't have to run a hedge fund?
Why don't you do this? Because everybody is different, every
situation is unique, indifferent. Well, how can we go go

(27:06):
on CNBC on these these other programs. I don't go
on CNBC because I'll do buy selling hold, never done
it twenty five years here on the radio. I've never
once given a single recommendation because it's irresponsible. I'm a
fiduciary downning my clients, but my listeners. This is what

(27:27):
we're all about. And again I again, it's Thanksgiving. Like
I said, I'm feeling a little bit, you know, I
guess nostalgic and sentimental. And I'm thankful for all of
you out there that tune into the program, that tell
your neighbors about the program, to tell your friends and
neighbors about our podcast. It's been great, it really has.

(27:47):
Watch Dog on Wallstreet dot com. Watchdog on Wallstreet dot
com is our site. A lot more. We gotta go
over on today's show Watchdog on Wallstreet dot com again.
Sign up our personal CFO program or podcast, our new
letter Watchdog on Wallstreet dot com, or give us a
call eight hundred four to seven one fifty nine eighty four.

Speaker 1 (28:26):
Teaking Wall Streets, Lions, Crooks and sheets out behind the woodshed.
You're listening to the watchdog on Wall.

Speaker 4 (28:33):
Streets talk about everybody, all right, sad story, sad story,
a sad story. I'm not surprised by this at all.
Financial frauds skyrockets, financial fraud, and I'm talking and then

(28:56):
they were talking about fraud above one hundred thousand dollars
has continues to skyrocket much. Get your arms around this
to some degree. And again I always go back to
when I first started in this industry. We're talking early
nineteen nineties. I'm making my bones back then, and you know,

(29:20):
I'm watching some of the fraud that was taking place
with the Jordan Belforts and the penny stock fraud and
what was happening on Wall Street, And I'm saying to myself,
how is it that back then it was called the NSDR,
that was the regulatory agent. They had the SEC as well, Like,
how in the world do they not know that this
is going on? How do they not know that these

(29:42):
are scams? They do, They just don't act on them.
They act on them after the fact, after people have
been ripped off, after people's lives have been cann't want
to say lives are destroyed because you can always rebuild it.
You don't want to be like that, but after they've
they've done real harm to people. Now you fast forward

(30:07):
to today, with the type of technology that's available, You
mean to tell me that the regulatory agencies can't figure
this out. I mean, they're great at collecting fines and
after the fact, great at that, but as far as
putting a stop to anything, this is one of the
things I really try to get across to everybody out there.

(30:28):
There is one cop on the beat. That's me. That's me,
that's it. Name another one, name somebody else out there
that does what we have been doing for thirty years,
twenty five years on air, going after the liars, the crooks,
and the cheeks, warning you about financial FRAUDSANCECIN before they happen.

(30:51):
You could choose to listen, or you can choose not to.
You choose not to, well, then you know what that's
on you guys again, greed and fear set the trap.
Don't be a victim. We are here to help. Get
to our website watchdog on Wall street dot com, watchdog

(31:12):
on Wall street dot com, or give us a call
eight hundred four seven one fifty nine eighty four. We'll
be back. Zilla was an arch tite of Voodoo Queen,
the Queen a rat jone dot ind second best and

(31:33):
master in the bath.

Speaker 1 (31:34):
Sherry was a feminist.

Speaker 2 (31:36):
She really had that.

Speaker 1 (31:37):
Victam, you're the Stanley to the watchdog on Wall Street.

(32:05):
This is the watchdog on Wall Street.

Speaker 4 (32:13):
Oh boy again, don't doubt me, Ah boy. Another star
broker down in Miami. Oh yeah, another one got nailed
for doing the wrong thing by his clientch tucking millions
of dollars in rewards. Here again every year. Every year

(32:38):
they basically fill our email box and asking us all
sorts of information about our firm? Would you like to
be on a list of top advisors in the country,
top this, top that? And I'm like, nah, nah, And
I was people as why why do why don't you,
you know, submit your stuff. You can make one of
those lists. Wouldn't that be great?

Speaker 1 (33:00):
Now?

Speaker 4 (33:01):
Because you know, more often than not, you got other
people on that list that I'm not a fan of.
I don't like what they do. I know what they're
up to, and I don't even want to be on
the same list with them. I don't need some ranking
in Forbes or some magazine out there. My clients know
they know. Anyway. Ah here's another don't doubt me. I

(33:25):
told you guys this was coming, and it's coming. You've
got fund fund managers out there, hedge funds that are
going out and pushing their hedge fund and they're telling
people that it is an AI powered fund. Again, it's
an AI powered fund. What does that mean? What does

(33:45):
that mean? Well, again, they obviously sold people into thinking that, uh,
artificial intelligence, you know, that thing out there that's helping
kids cheat on their college papers is able to beat
the market? Are our hedge fund is powered by A
And they'll probably give some gobbledy gunk, you know, nonsense,

(34:05):
And they've got some algorithm working with AI and various
different models, and we can out trade this and out
trade that. Yeah, no they can't. They can't. And here
we go again, AI hedge fund managers duping investors, losing
people money. We told you it was coming again. There

(34:26):
are no shortcuts, people. Everything in life that has meaning,
value and worth involves work, time and effort. We'll talk
a little bit about social security again. I've mentioned this before.
Very disappointed that neither presidential candidate even wants to address

(34:47):
it outside of pointing fingers saying I gotta take your
self Security. They gonna wreck it. Yeah, both you look
at both parties. They call it the third rail of
American politics, right, get both Democrats and Republicans. Oh, we
love Celcia. We don't. We don't want any cutting benefits,
We don't want any increase in costs. We don't want

(35:09):
any real reform. You do know it's a Ponzi scheme, right,
It's always been a Ponzi scheme, and it's again it's
running out my friends again. People that have been following
us for a while know that I've been sounding the

(35:30):
alarm since the ninth nineteen nineties, nineteen ninety as I
was telling people in my generation, Generation X, plan on
it being cut, plan on it being cut. And guess what.
Guess what twenty thirty three. Yeah, you're gonna be down
to hang out maybe seventy nine percent of what you're owed.

(35:53):
I told you it was coming. And again, it's not
high level math, it's just basic algebra. Now, what's a
Ponzi scheme? If you're not familiar with it, this guy
named Charles Ponzi. Okay, it's basically you know, current, it's
working current workers in Social Security. Their payroll taxes are

(36:18):
funding the benefits of current retirees. Okay, that's the same
thing as upon. It's the same thing that Bernie Madoff did.
There is no trust fund, there is no lock box.
It doesn't exist. But if you were to ask most Americans,

(36:38):
they think it does. They think that they actually have
an account somewhere, but you have the trust fund is
essentially io use. Again, think Harry and Lloyd from Dumb
and Dummer. Remember Harry and Lloyd from Dumb and Dummer
to unemployed Dimwitz. They got a suitcase full of money,

(37:00):
they start spending it and they're sticking IOUs and the suitcase.
That's what it is. Anyway. Okay, twenty thirty three, right
now is the date where guess what it's going to
be cut. Okay, they seventy nine percent of scheduled benefits

(37:22):
are going to be paid out. How do you fix
this again, well, lower benefits. Nobody wants that. Nobody wants
lower benefits. Taxes could be raised. Well, Democrats want the
taxes raised. They want to create like a donut hole
situation where you pay up to a certain point and

(37:43):
then you're out pay and then when you make over
a certain amount, you start paying again. What's the problem
with that. The problem with that is if you're taxing
people more more greater payroll taxes, you're going to have
to pay them more. So Yeah, it might keep the
Ponzi scheme alive a little longer, but it doesn't change anything.
Nobody wants to Nobody wants to change the ages. Some

(38:06):
people are saying, let's make it a means tested welfare program. People.
This is what I think should be done right now. Yeah,
back in twenty two, excuse me, back in two thousand
and four, George W. Bush put some ideas forward uh
to reform social security. Unfortunately that Dufus was spending all

(38:28):
of his political capital fighting in Iraq for no reason whatsoever.
We need to reform social security. We need to streamline
retirement accounts here in this country. We need to start
allowing younger people to take a portion portion of their
payroll taxes and invest it in a again, a well

(38:50):
diversified portfolio over time. If we had been doing that,
we wouldn't be having even having this conversation right now.
But what the politicians did is they took all the
excess money and they spent it on their nonsense. Another
thing that I am going to suggest right now, and
I'm gonna again bring it to people's attention. Give people out,

(39:11):
give people an out, and this is how you do it.
People that have saved a lot of money in state,
they put a lot of money away. Tell them say, hey, listen,
I am going to say, I don't want my Social Security,
but allow me allow me tax free distributions from all
of my retirement accounts. That's the deal you cut. Watchdog
on wallstreet dot Com we'll be back.

Speaker 1 (39:45):
Well known author, investment banker, consumer advocate, analyst, trainer, Chris
Morkowski is the wash dog Wall Streets, exposing the lines
and myths that the big brokery, the mainstream press, and
the government are pushing to keep ap Americans away from
financial freedom.

Speaker 2 (40:06):
You can't handle the truth.

Speaker 1 (40:09):
financial world.

Speaker 3 (40:13):
Ladies and gentlemen. We're out here to indulge in fantasy,

Speaker 1 (40:18):
This is the watchdog Wall Streams.

Speaker 4 (40:22):
All right, my fault was my fault. Last hour, I
lost track of time, which I often do. I got
to do a better job in that you would think
twenty five years on air, I could look at a
clock right out a time when I was talking about
social Security and how to go about fixing it. Do
you give people an option? You give people an option?

(40:46):
And what do I mean by this option. I'll use
myself as an example. I would say, hey, listen, I
will tell the government listen, I have no claim on
Social Security. I will swear off and I'll sign a
piece paper. I won't take a dime. I'm obviously going
to continue to contribute to it because payroll taxes, even

(41:07):
though I don't like that, don't raise them. But I
will just say, hey, listen, you guys can have it. However, however,
you allow me to take all of my retirement money
and put it into a wroth no penalty, and allow
me to take all of the money that I save

(41:27):
out of my retirement accounts when I need to do
so tax free. I think that's a pretty good deal.
I know my clients were before that. The clients would
love that. It would be great. We'll say, hey, you
know what, we're not going to collect social Security, okay,
just allow us to take our funds out tax free.

(41:49):
I think it's great. Get rid of the whole require
distribution at the end of the year. You do that
great spot to be in for crying out loud. I
think that's fantastic. I think that's a deal that could
be had anyway. Moving on, moving on, I don't even
know where to start here, I really don't. I am
so many stories have covered as of late. But it's

(42:12):
important new listeners in the program. You know, circa two
thousand and four, two thousand and five, I just kind
of seen the writing on the wall to some degree
and I came up. It was just after George W.
Bush gave his access of Evil speech. Remember his access
of evil was Iran, Iraq and North Korea. And I said,

(42:36):
that's not my My access of evil, My access to
eel is much different. It's much scarier than George W.
Bush's access of evil. My access of evil is big business,
politicians in the media working hand in hand to further
their own needs and wants. You see, people I was

(42:57):
before Trump, there was me, Okay, I was the populist
constitutional conservative first, and also guys like Tom Colburn and
Ran Paul and others like this. Okay, before it was cool,
before it was cool. We've been preaching this this same

(43:19):
thing and the issues that are out there many of
the things that are being discussed right now that are
being brought up we have been hitting on for years
here on the program. And I let me tell you something.
I'm never been as excited, never been this excited by
some of the picks and some of the policy things

(43:41):
that Donald Trump is looking to do and his cabinet
people are looking to do. And you want to know
why it's successful, why they're going to be great, and
why it's going to be great for the country. Watch
the Access of Evil come after them. Watching Oh my god,
every newspaper, so called conservative publications, most of them owned

(44:05):
by Rupert Murdoch. Again, he's part of the Access of
evil too. Sorry, folks. I know he owns Fox and
I only owned the Wall Street Journal and the New
York Post. But he's a part of the Axis of evil. Okay,
they are. How does Rupert Murdoch? How is his bread buttered? Okay?
Big Pharma? Think about all of the big Pharma ads

(44:27):
on Fox News and Fox Networks and on football and
the pop ups on the Wall Street Journal and the
New York Posts and all the publications. Oh my god,
they're coming after our FK Junior. They're coming after Tulci
Gabbertt because she's gonna go after the military industrial complex,

(44:51):
every publication all they're unfit. And the numbers, the numbers
are huge, huge, I got some of them here. You're
gonna be the amount of money that they spend ATAV.
He spends one point three plus billion dollars a year

(45:11):
in ads Glasgow Smith Klein seven hundred and thirty six million,
Fizer five hundred and two million, am Jen two hundred
and sixty five million. And these are huge numbers. RFK
wants to get rid of pharmaceutical ads good, they're nonsensical,

(45:31):
for crying out loud, And I thought about.

Speaker 1 (45:33):
It a little bit.

Speaker 4 (45:34):
I thought a lot of it, and I spoke with
some doctors on this, and I asked him, I said,
do people come in your office or you know, talk
to you about and they see some ad on TV
for drug and they start asking for it? And it'swers
sometimes but not that often. You know why? You know
why these ads? You know what they're spending this type

(45:55):
of money. Do you ever see a ever see a
news network, You ever see a major news network out
there go after big pharma. No, No, they're buying good
editorial content. Now, if you are X y Z network
and so and so pharmaceutical company has got a big

(46:18):
ad spend on your network, and you've got a you've
got a good journalist that discovers that, Oh my god,
this pharmaceutical company's doing something here. This vaccine is not good.
We're having side effects. And you bring it to your boss,
you bring it to the editor, and the editor knows,
you know. The editor knows you know, he's gotta gotta
run a budget here. He knows that if you run

(46:41):
that story, you're gonna tick off one of your major advertisers.
What do you think is going to happen to that story? Oh,
I'm not being a conspiracy theory here, folks, That's that's
not who I am. Okay, I've seen it up close
and personal. I have. We've gotten a hold of ad
contents between big banks and networks, and it says point

(47:04):
blank in those contracts that if you are planning any
negative editorial coverage of our company, of our firm, pull
all of our ads. Oh pull the ads, then what
you don't get paid? And I've gone to this scene
and the television show mad Men before here on the program,

(47:25):
I've sub referenced it. There was the ad firm. I
think it was in a last season of mad Men,
and it was the guy who owned the firm was
boasting that he could he could tell the New York
Times to print mind comp on the front page. And
they do it because he plays so many ads in

(47:46):
their paper. Lots of good things, God willing, God willing
are going to transpire. I want to talk talk a
little bit about Mika and Joe and MSNBC and going
to see Trump. Go want to see Trump? Even go

(48:10):
back and you take a look at how Donald Trump
used to be treated by Meka and Joe, or by
the girls on the View, or by Ellen. Ellen DeGeneres
has left the country like, who the hell cares? Ellen
DeGeneres tried to get Donald Trump to marry her mother

(48:31):
for crying out loud on air. Oh no, not any more,
not anymore. Mika and Joe are are frightened because their
livelihood is at stake. I don't know if you saw
this past week. Comcast has said, all right, no Moss,
no Moss. These networks that are not making any money.

(48:54):
Anybody want them. Anybody want MSNBC, anybody wants the NBC. Yeah,
they're they're getting rid of play networks. You want to
show you how much they care about MSNBC and CNBC.
They're keeping Bravo, that's right, the Real Housewives Network. They're

(49:16):
keeping that over ms NBC and CNBC and Mika and
Joe and everybody there is scared. No, it's really scary
to them. Imagine if Elon mustn't have put that, Oh
my god, oh it's amazing. It is Trump Trump appointees. Okay,

(49:40):
the RFK Juniors, the Tulsa Gabbards, that Matt Gatz, go,
go straight on down the line. It's a frightening time
for them, it is. It is a frightening to Elon.
Then they're not even again, They're not even gonna have
to be appointed. That's a completely separate thing. But I
certainly hope that the have plenty of security, like clockwork.

(50:06):
Like clockwork, you're going to see all sorts of hit
pieces and stories on all of them, on all of them.
This is nothing new. This is nothing new. And to
some of our younger listeners out there, this happens every
single to every single time you get a conservative, a

(50:28):
Republican in the White House and they put their appointments
in the long Knives come out. Now what they again?
Rush Limbaugh on his program used to point this out,
and he did it in a great way. They will
throw anything, they will say anything, and the excuse for

(50:51):
whatever investigation is there'll be no evidence, no evidence or
something to be investigator. There was nothing there. Well, let's
you know, it's not about the evidence. It's about the
seriousness of the charge. You know, I think you can
indict a ham sandwich or we talked about I forget
the guy's name. It was the Russian Russian Gestapo guy.

(51:15):
You know, you show me the man, I'll show you
the crime. They'll come up with it. At this point
in time. Actually, I don't know what the deal is
with Gatz and HEGs or any of these things. But
I don't trust anything the media has given me. And
I think, you know, much of the country has become

(51:36):
red pilled when it comes to the media or the
little Boy who Cried Wolf. They lie and they lie,
they lie, they lie, they lie, and now we're expect
we're supposed to believe them. Now, you do this every
single time. You know, it's shameful, it really is, because
you know, you do you scare away. You're frighten away.

(51:56):
A lot of people that just say, you know what,
I don't want to be involved in any of this.
I don't want to be involved in any of this.
I don't want to get involved in serving my country.
Get out. This is what our founding fathers wanted. They
wanted people to go and serve their country and then
go back home to their business and their job. You

(52:18):
want to put up with this, Oh, don't tell me
they don't manufacture stuff, because they do. For crying out loud,
you had a US Senator Harry Reid. But you remember this,
Harry Reid came out and said that he knew in
New Utah and Nevada. Su ain't new in Nevada. Uh.

(52:39):
You know somebody that knew Mitt Romney, real wealthy guy,
he's a good friend of mine, said that Mitt Romney
hasn't paid taxes for years. He came out and he
said it, and man, oh man, the media was in
front of Romney asking them all these questions. Again. It
wasn't you know, it wasn't about the any evidence there.
It was a seriousness of the charge. Perry Read made

(53:03):
the whole thing up. I want asked about it after
the fact. You know what, as answer was, well, we won,
didn't we. This is how these these people operate. They
are okay politicians, cheats and liars, cheats and liars. They're

(53:24):
not kissing babies, They're stealing lollipops. It's from the hunt
for Red October. This is what we're dealing with right now. Again.
It's great to see more and more people waking up.
Great to see that Donald Trump is actually going to
allow podcasters alternative I'm wanna call it alternative. I want
to call it new media, whatever it may be. To

(53:47):
follow to be a part of the White House pressureroom
is no problem kicking anybody out that that Led Zeppelin song,
your time is gonna come. Maybe maybe our time is
gonna come. Maybe all of us people that have been
here here in the shadows doing our darnedst for decades,
trying to bring the truth again, trying to break turn

(54:10):
people into the light. I've talked about the whole slave
thing and the matrix last hour, or you're gonna utilize
Plato's clay cave, turning people away from the shadows and
into the light and allowing us a shot waking up
the masses man, you know what a wonderful world this

(54:34):
could be. Got to take a break. Watchdog on Wall
Street dot com. Watchdog on Wall Street dot com again
is our site. Again. We invite you to become a
part of our family, our personal CFO program, podcast, newsletter,
all sorts of great stuff. We're here to help everyone out. Okay,
I can't stress that enough. I don't care whether you're

(54:55):
just getting started with your portfolio or you're well on
your way. We help everyone. Watchdog on Wallstreet dot com
or give us a call. Eight hundred four seven one fifty.

Speaker 1 (55:05):
Nine eighty four, Bringing America Financially Bringing America financial freedom.

(55:30):
One listener at a time, you're listening to the Watchdog
on Wall Street with Chris Borkowski.

Speaker 4 (55:39):
Welcome back, everybody. It is the Watchdog on Wall Street Show.
I forgot some econ I'm gonna say it's econ one
on one. I don't even know what they teach an
econ one on one anymore. I'm gonna go. This is
Thomas Soul economics. Okay, this is reality based economics we're

(55:59):
gonna talk about right now. I have to start with
real estate. And I know this. This my this is
my fan, this my old fan, some of our snowflakes
out there. But here's a news flash. You do not
have the right to a home. You don't have the

(56:21):
right to affordable housing. Oh I said it. I said it,
because that's I throw that out all the time, with
the right for affordable how No, no, no. You have
the right to go out and work your butt dooks
off and save money for a down payment and go

(56:43):
out and buy a home. You have the right to
do that, but you are not entitled to a home.
And some of the ideas that have been pushed right now,
Kamala Harris, you know she wanted to do build millions
of millions and millions of homes and basically usurp local

(57:04):
zoning regulations. No, no, no, no, no, okay, I'm sorry, Okay,
these are local issues in the federal government has no
business chiming in. If a small community somewhere, small community
somewhere wants to keep their zoning where it's you know,
single family units, why are you going to force them?

(57:28):
How I had the federal government to step in to
say that all of a sudden that they've got to
put a high rise up. Wrong, Listen, they're better ways
to solve the housing issue. And more or less, we're
going to start knocking down old commercial buildings, old commercial buildings,
and we've got to start changing things. Yeah again he

(57:51):
thoked about I have a right to affordable housing. Okay,
so you want to live in Malibu and you think
that the state should carve out piece of property there
along the beach so you could afford to live. Now,
you want to live in Malibu, earn the money to
live in Malibu. But yeah, part of most of the

(58:11):
problems we have when it comes to housing, Quite frankly,
it's our own doing. Another great society failure, I mean,
Lyndon Johnson, Man, you want to talk about one of
the biggest failures in the history the one of the
most consequential presidents in the history of this country. The

(58:33):
crap that he passed, Holy snikes, Housing and Urban Development
nineteen sixty five are, I'm Linda Dalton, single most viable
housing legislation in our history? Yeah? Yeah, Well, you know what,
you want to know what US home ownership rates were

(58:56):
in nineteen sixty seven, two years after he signed this
sixty four percent? You want to know what home ownership
rates are today in America sixty four percent. Europe has
higher home ownership rates than we do here in the
United States. We have spent over three trillion dollars the

(59:20):
taxpayer has in housing and urban development. You know what
it's done. It's made the prices of homes more expensive.
It's come up with the stupid, stupid, crazy mortgages that
Andrew Cuomo came up with when he was Bill Clinton's
Housing and Urban Development secretary, getting people into homes that

(59:41):
they can't afford in the first place. Get the government
out of the way, get rid of subsidies, let the
market work its magic. Prices will come down. Yeah, it
might not be in the neighborhood that you want right now,
but guess what you can eventually move there, save some money,

(01:00:04):
put it away, and guess what you two can live
in Malibu. Watchdog on Wallstreet dot Com. Watchdog on Wallstreet
dot Com. We'll be back.

Speaker 1 (01:00:16):
Chris Markowski is the watchdog off Wall Street, the only

(01:00:39):
man who is taking on the Wall Street established streets.
You're listening to the Watchdog in Wall Street with Chris Markowski.

Speaker 4 (01:00:48):
Okay, okay, again, it's a little bit of a warning
that the snowflakes out here this is again, this is
how the world works. Okay. The first lesson, this is
Thomas soul first lesson of economics is scarcity. There is
never enough of anything to fully satisfy all who want it. Now,

(01:01:13):
the first lesson of politics a disregard the first lesson
of economics. When politicians when they figure out, when they
discover ooh ooh, some group out there, they're they're the
vocal about this. They don't have, they don't have what
they want, they don't have as much as they want. Well,

(01:01:35):
we're the politicians. We're gonna come up with a solution.
We're gonna give them more. So, hm, where do we
get this more? Where do we get this more? Well,
they rob Peter to pay Paul. Now after a while,
after a while, all Peter doesn't have enough money. I

(01:02:00):
gotta be compassionate. We gotta come to the rescue. Again,
They don't. They don't admit that robbing Peter to pay
Paul was a really stupid idea in the first place. Oh, contraire.
They now rob Tom, Dick and Harry to help Peter. Anyway, Again, politicians,

(01:02:23):
here I come to save the day. Here is a really, really,
really really dumb idea. And this is a dumb idea
from both sides of the aisle. Oh you got Donald
Trump on this, you got Josh Hawley on this. You've
got Bernie Sanders on this. Clap trap nonsense. Bernie Sanders

(01:02:50):
is open to working with Donald Trump on capping credit
card interest rates.

Speaker 5 (01:02:57):
Okay, all right, yeah, it's good fairs. Just it's snaff
fair its usually rates are just too high. Nobody should
be allowed to charge twenty five percent.

Speaker 4 (01:03:09):
Nobody. You don't have to borrow money at twenty five percent.
The credit card company, credit card company didn't hold a
gun to your head to go out and buy that
stuff that you can't afford and put it on a
credit card, or take a vacation that you can't afford
and put it on a credit card, or go out

(01:03:30):
to the dinner that you can't afford and put it
on the credit card. They didn't force you to do that,
did they. No, you did that all by yourself, didn't you. Yeah, anyway, okay,
But what if somebody has an emergency and it's not right? Okay,
that's what that's again. If you are putting money on

(01:03:53):
a credit card and you're not paying for it in
full every single month. Then anything that goes on it
should be an emergency example. It could be used to say, okay,
say if you are a carpenter or a plumber and
somebody steals your tools and you gotta go do a job,
and you gotta go to home depot and you got
to buy new tools, and you didn't have the money

(01:04:14):
for it, so you had to put it on your
credit card. Now again, you probably home depot will cut
your deal more often than not saying hey, we'll give
you interest free for a period of time, allow you
to catch up. But you do understand, Okay, everyone out
there that think that those credit card rates are really
really mean, you do understand that the credit card companies

(01:04:37):
can't come and repossess the dinner that you had last week,
or the vacation that you went on, or even the
stuff that you bought on your credit card. What do
you think they're gonna come take your furniture? They're gonna
repossess use furniture, televisions, clothing. Why are why are mortgage
rates lower than credit card rates? Why are car loan

(01:05:02):
rates lower than credit card rates? Because if you don't pay,
they take your house. If you don't pay your car loan,
they're gonna repossess your car. I'm gonna tell you what's
gonna happen. Okay, you want to cap credit card rates
at ten percent? The only people that are going to

(01:05:23):
have credit cards are people with close to perfect credits
cards and make a lot of money period the end.
You think that these banks are gonna go at risk,
they're gonna go at risk. You are you kidning? No way,
no how, It's not gonna happen. Did you understand the

(01:05:46):
default rates and credit cards? Have you ever gone go sometime?
If you don't believe me, go sometime, go to courthouse,
go to bankruptcy court. Because this is a ruse that
people run all the time when when they are getting
if they need to go bankrupt and they have credit cards,
they max out all of their cards and then they
go into bankruptcy and then up, I can't you know

(01:06:08):
I'm in bankruptcy. It's part of it. It's part of
the money that I owe I don't and they don't
pay it back. It happens all the time. You think
you're being nice, Oh we're gonna cap credit card all
you're gonna do all you gonna do is you're gonna
take people's credit cards away. That's all you're gonna do.
Banks aren't gonna do it, or you know what they're

(01:06:28):
gonna do. They're gonna lower the limits on people to
like two hundred bucks. It's gonna be like the starter
credit cards that kids got back when they were in college.
For crying out loud, Yeah, you gotta get it. You're
gonna uped up. Your credit limit is two hundred dollars.
The only way it's gonna work. So yeah, a really
dumb idea by both Bernie Sanders and Donald Trump. Watchdog

(01:06:53):
on Wallstreet dot Com. Watchdog on Wall Street dot Com again,
a lot more. We gotta go over here on the program.
I mean, we got to get into some of the
geopolitical stuff. Little Doctor Strangelove action going on right now.
I want to pull my hair out with the geopolitical stuff.
Don't go anywhere. Watchdog on Wallstreet dot Com again. Our
site to coming part of the Watchdog on Wall Street

(01:07:14):
family Personal CFO program, podcast, newsletter, Watchdog on Wallstreet dot Com.
We'll be back.

Speaker 1 (01:07:41):
Bringing America financial freedom. One listener at a time. You're

Speaker 4 (01:07:50):
Yeah, a little Jim Croche this. So it reminds me
of my dad and the trips in the car from
Albany down to Florida with the stack of eight tracks back.

Speaker 1 (01:08:03):
In the day.

Speaker 4 (01:08:04):
Anyway, good times. Anyway, speaking of the nineteen seventies and
eight tracks, I remember back in the nineteen seventies my
listeners as well. I remember bomb drills in elementary school

(01:08:25):
and yeah, yeah, now on they have fire drills. We'd
have bomb drills and you'd hide underneath your desk, hid
underneath your dress. There was a bomb drill, nuclear war.
And even I was a kid elementary school, I knew
what a nuclear weapon was. I knew what it was
capable of doing, and I knew that what's the point

(01:08:47):
in hiding underneath your desk? Stupid? And I was jogging
my brain. I try to be a best student of
history as I possibly can, and I did. I grow
grew up Cold War, grew up Cold War, PRAJV and

(01:09:07):
drop all you know, all these you know, going on
to Gorbachev. I I can't remember. I can't remember as
perilous as time as this. And again you can go back,
you know, what was interesting this past week, This past week, Okay,

(01:09:28):
you go back to nineteen eighty three, that was the
week in nineteen eighty three, this past week where they
released that television show that everybody watched the day after tomorrow,
scaring the Bejesus out of everyone with nuclear war. You
do realize that Russia just used an ICBM. They've never

(01:09:50):
been used before. They have never been used before. And
we have people in our government that are saying, sure, sure,
go go ahead, go ahead. Allow American missiles to be
shot into Russia. Allow UK missiles to be shot in

(01:10:13):
to Russia. Allow French missiles to be shot into Russia.
Now these missiles have guidance systems which are GPS, So
we're directly involved with this, meaning NATO is directly involved
with this. Why would you do this? This is some
serious Doctor Strange Lovecraft. This is the return of Doctor

(01:10:35):
Strange love And don't don't tell me. Okay, honestly, you
people in the media, all across the board, every single
one of you networks, why don't you do a little work.
Who the hell's run in the country. Don't tell me
Biden is don't stop insulting our collective intelligence and telling
us that Biden is making these calls right now. He's not.

(01:10:57):
And it's not Kamali either. She's on vacation in Hawaii.
For crying out loud. These people are scary. Watchdog on
Wallstreet dot Com. Watchdog on Wallstreet dot Com, We'll be back.

Speaker 1 (01:11:20):
You're listening to the Watchdog on Wall Street bringing America

(01:11:43):
financial freedom one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:54):
Had a ready welcome back everybody. I'm sorry. I mean,
I know, I try try really hard here on the
program not to yell when I get a call. When
I get a call, and you know, my son's a
senior in college, and he's very much rest of what's

(01:12:15):
going on in the world, and you know, I was
telling me to be a wish reader and to pay
attention what's going on, and you know he sees this
and he's calling me up concerned. What am I gonna do?
Lie to him? I gonna like to him, this is
it concerning? And I can't remember. I can't remember child

(01:12:37):
of the Cold War, Child of Cold War was did
I ever feel as threatened as I do right now? Again?
I wasn't around Cuban missile crisis. But this is pretty bad.
It's pretty bad, and again we're kind of sugarcoating it
quite frankly. Anyway, can't talk about this too again. I

(01:13:01):
mentioned Joe Rogan last week on the program. A big
fan of his show. I don't get to listen to
it all times, not off. He's got long program, and
you know, various different people come on. I do try
to listen to it sometimes and I'm working out at
the gym. And he made this point and I found
it fascinating, and he came out and he said that

(01:13:22):
talking about how people don't speak their mind, he said,
I quote, I said, do you know how many artists
like musicians, comedians that thanked me for endorsing Trump because
they can't do it? They said, they want to, but
they don't want to be attacked. They can't say it.

(01:13:46):
They think the country is going in the wrong direction.
Trump is vowed to have free speech become a very
important part of what he's standing for, and that this
censoring of information needs to stop, and that we need
to stop all government influence in what people have to say.
I appreciate Joe saying that, but to all the people

(01:14:09):
out there that are afraid to open their mouths, shame
on you. I'm sorry. We are called to do this.
There's a myriad of Bible stories that talk about this
and how we are we are supposed to open our mouths.

(01:14:34):
You talk about it when it comes to fraud. If
you see a fraud and you don't call out that fraud,
and guess what, you're a fraud. It is our duty
to speak truth to power, and yes, you might be
rebuked for it. I get that this is different. Okay,

(01:14:59):
you know some people, I'm not gonna put put a
political sign in my arm. I'm afraid somebody's gonna key
my car. I know that's that's that's nothing. I get
that you don't have to do that. But when asked
your opinion or you feel a certain way, I'm sorry
people that you're you're afraid to speak up. You're afraid

(01:15:19):
you're gonna be canceled. Come on, uh, at some at
some point in time, people, at some point in time,
you have to have a little bit of courage. You do.
I'm gonna talk about this as well. This is something
that needs to happen here in this country. I don't
know bout you. I mean we we all saw what happened.

(01:15:41):
You heard heard the tape this past week. You saw
the video of the parents, You saw what happened with
Lake and Riley. You also saw what happened. I don't know,
maybe you didn't. Some guy in New York City just
goes on a stabbing spree, kills three people, and again
it's it goes on a regular basis in big cities
all across the country where you get career criminals destroying families,

(01:16:09):
destroying families, killing people, killing people. That was that line
from Clint Eastwood, an unforgiven funny thing about killing a
man take away everything that he has and everything that
he's got to have in the future it's going to have,
not just now you're taught about the families that are involved.

(01:16:30):
And you know what's interesting is this happens in all
of these left wing cities with these prosecutors and judges
that continue to let these people go. In the case
of New York, this individual, this Ramon Rivera that just
stabbed all of these people. I just want to let
you realize how many times this person has been arrested. Cereal, cereal,

(01:16:58):
I mean one after another eight times in New York
violent offenses, a myriad of other times in Ohio and Florida.
And you know what, Actually he was let out of
jail a couple months ago and got rearrested the same day.
Yet you know what, prosecutors say, I'll let him out
on bail and a judge grants it. At what point

(01:17:22):
in time are we going to have accountability for prosecutors
and judges? At what point in time? How are these people?
How do they still have a job? How is it okay?
How do you people live with yourself? I don't get it,
I really don't. It should pain all of us when

(01:17:46):
you see stories like this, because you know what, it's
not a tragedy. You can't even call it a tru
a tragedy. Tragedy is is that you know, there's a
lightning storm and a tree fall on somebody and kills them.
That's a tragedy. These are things that shouldn't have happened.

(01:18:08):
This is murder, This is malfeasance, This is wrongful death
due to who the damn prosecutors and judges that are
letting people out. Then listen, I you know I'm a
gun owner, right, I'm a gun owner, and I have
to be a responsible gun owner. If I have my

(01:18:29):
gun and I decide to leave my gun in a
kindergarten classroom and some kid uses it and hurts another kid,
I'm responsible. You are a prosecutor in judge. You're letting
these criminals go and they're killing people. Sorry, right now,
yell twice this segment Watchdog on Wallstreet dot com. Watchdog

(01:18:52):
on Wallstreet dot Com. We'll be back.

Speaker 1 (01:19:04):
You're listening to the Watchdog on Wall Streets. Well known
authored investment banker, consumer advocate, analyst trader Chris Markowski is

(01:19:30):
the watchdog Wall Street exposing the lies and myths that
the big brokerage firms, the mainstream press, and the government
are pushing to keep Americans away from financial freedom.

Speaker 2 (01:19:43):
You can't handle the true.

Speaker 1 (01:19:46):
financial world.

Speaker 3 (01:19:50):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (01:19:55):
This is the Watchdog Wall Streets.

Speaker 4 (01:20:00):
Ah a right, Welcome back, Welcome back everyone, and again
happy Thanksgiving to everybody out there. You know I plans
go awry here on the program. I was planning on
incorporating various different Thanksgiving movie stuff in here to the show.
I don't even know I'll get into my Thanksgiving story
that I do over year because we've got so much

(01:20:20):
we've got to go over here on the program. That's okay,
it's okay, we'll cover it. It's gonna get covered. It's
gonna be there here on the radio show. We're gonna
do it on the podcast as well. It's why I
highly recommend you sign up for our podcast available on
all the podcast sites Spotify, Apple, go to our website
at Watchdog onmallstreet dot com. But you know I'll do

(01:20:43):
it right now. I'm gonna do Thanksgiving movies. Thanks and again,
you got an entire bloody network, the Hallmark Network for
crying out loud all, they've been doing Christmas movies since
before Halloween. They've had Christmas movies on. But anyway, I'm
gonna go with my I'll do my top four top

(01:21:04):
four in order. We'll start with number four. Number four
Thanksgiving movie is gonna go to Rocky Rocky. Yes, that
that that reason Rocky is that scene where Paulie is
trying to get Adrian to go out with Rocky and
Thanksgiving and he takes the turkey and he throws it

(01:21:24):
out the back door. I'm gonna go number three. I'm
gonna go with I'm going with grumpy old men, grumpy
old men. I'm throwing grumpy old men. And I had
a lot of Thanksgiving stuff in there. But you again,
ice fishing in that as well. And I'm sorry to
all of all of our listeners in Minnesota that that's

(01:21:47):
the worst sport ever in my opinion, my opinion. My dad,
my dad used to take us out ice fishing in
upstate New York, and I love to fish. Hated ice fishing. Yeah,
we didn't have a shanty out there. We would freeze
our butt docks off, chasing after tip ups in holes. No, no,
not not not fun. Anyway, Number two, Between one and two,

(01:22:11):
it was close. It was real close, almost a coin flip.
I'm gonna go with two. I'm gonna go with Scent
of a Woman again. Great Thanksgiving movie to watch over
the weekend. And gotta go one Trains, planes and automobiles.
That's my top four right there. Anyway, Anyway, we're gonna

(01:22:32):
talk about something really wonderful that's happening right now and
again I'm biased. I'm biased, and my thoughts that this
is one of the best things that I've seen happen
when it comes to our country in a long time.
And that's that's Doge. Okay, that's Elon and Vivek getting

(01:22:54):
down to work trying to reform government. Everything that they
are trying to do right now. I have been yelling
and screaming about here for decades, for decades here on
the program. They are attacking everything they're they're gonna be
going after and shining a light like we do here

(01:23:17):
on the show. Now, obviously they in a much better
position of power than I am on everything that is
going on, how they're planning on doing it, and letting
everybody know what's going on, how we can cut it,
what the rip off, what the scam is. I was
gonna go through some of the stuff, some of the
stuff just from this past, just a few things, Okay.

(01:23:40):
The World Bank. Oh, by the way, Joe Biden just
promised and I forget how many another eight nine billion
to the World Bank. The World Bank bureaucrats lost forty
one billion dollars. They lost it. They can't find it.
They're bankers, and they lost forty one billion dollars. Wasn't

(01:24:03):
that like the scandal with the Vatican Bank back in
the nineteen seventies or something like that. Yeah, forty one
billion dollars in climate money. I remember when it was
the Iraqi oil for food scandal with the UN and
Kofey and Anson was a big deal. Nobody's talking about it.
You know what they're saying. It could be ten times more.
That would put it at four hundred billion dollars. Guess

(01:24:25):
who was the biggest contributor to the World Bank. You
and I are there was a United States? Is no,
the United States means you and I the taxpayer. The
Pentagon has failed its seventh audit in a row. Let
me tell you what happens if the SEC comes into

(01:24:46):
Markowski Investments and I fail an audit. Wo, I'm done, sorry,
I put me out of business. How in today's day
and age with quick books for crying out lone, how
do you fail seven audits in a row. They can't

(01:25:09):
account for eight hundred and twenty four billion dollars. Yet
you know what, go to any publication, any publication they're
going to tell you, Oh, the Pentagon needs more money,
Defense needs more money. There's just not enough money. Oh China,
Oh lions and tigers and bears. They need more money,
never enough money. They can't account for the money that

(01:25:32):
we're giving them. Yeah, I would be dracconing. I would say,
you're not getting anything. In fact, we're not cutting you
anymore checks. We'll pay the military salary. Were doing anything
until you guys can actually tell us where the money goes.
Department of Government Efficiency here was gone after two hundred
and thirty six billion in improper payments in federal programs.

(01:25:54):
Two hundred billion in pandemic relief went to fraud and abuse.
We still can't find a billion dollars that we can't
track an Ukrainian aid, not to mention the fact we
just forgave the Ukrainians a five billion dollar loan that
they took out. Oh, oh, well, keep going on here.
Ninety percent, ninety percent of the federal agencies their headquarters

(01:26:20):
are empty. Yeah, government office buildings, ninety percent of them
are empty. Nobody's there. Get the lights are still on,
and the heat still on, electricity air, and everything's getting
paid for. Who knows what the workers are doing. They're
not showing up to work. Oh, how about this one
and fiscal year twenty twenty four, US Congress provided five

(01:26:43):
hundred and sixteen billion of programs whose authorizations expired under
federal law. Three hundred and twenty billion of that five
hundred and sixteen billion expired more than a decade ago.
What is the money being used on? Then? Where is
it going? He is going to some Swiss bank account.
Where is this money going? This money? People? Do you

(01:27:07):
understand if we could we could deal with all this,
what we what we could become as a nation? What
would be capable of doing? Oh? Sure, sure, a lot
of government contractors and a lot of government workers are
going to have a rough time. I don't care. I'm

(01:27:30):
being honest, I don't care. I would go in like
I said, like Ari Emmanuel and entourage shooting government workers
with a paintball gun. You're fired. You're fired. You're fired.
You're fired. This says Elon and Vivek this past week
in the Wall Street Journal. Our nation was founded on

(01:27:50):
the basic idea that the people we elect run the government.
This isn't how America functions today. Most legal adicts aren't
laws enacted by Congress, but rules and regulations propagated by
unelected bureaucrats, tens of thousands of them each year. Most
government enforcement decisions and discretionary expenditures aren't made by the president,

(01:28:17):
not even as political appointees, but by millions of unelected,
unappointed civil servants with government agencies. And they're all immune.
They can't get fired. Oh, I got civil service protections.
It's like that. It's like that bad guy from lethal

(01:28:38):
weapon to there from South Africa. We've got diplomatic community,
We've got civil service protections. Nonsense. We have gone off
on this for years, talking about judge, jury and executioner
within the executive branch of government, with with bureaucrats anyway,

(01:29:03):
going on this is anti democratic to the founder's vision.
It imposes massive direct and indirect costs on taxpayers. Thankfully,
we have a historic opportunity to solve the problem. November fifth,
voters decided to vote Donald Trump with a mandate for sweep,

(01:29:23):
sweeping change, and they deserve to get it again. This department,
newly formed Department of Government Efficiency, cut government down to size,
get rid of the entrenched and ever growing bureaucracy the blob.
It is an existential threat to our republic, and politicians

(01:29:46):
have embedded it for too long? Why because they they
benefit from it. How do you think they get so damn?
Rich Elon and Vivek say, that's why we're doing things differently.
We are entrepreneurs, not politicians. We will serve as outside volunteers,
not federal officials or employees. Unlike government commissions or advisory committees.

(01:30:11):
We won't just write reports or cut ribbons, will cut costs.
Those will work with legal experts embedded in government agencies,
aided by advanced technology, to apply these rulings to federal
regulation enacted by such agencies. Those will present this list

(01:30:32):
of regulations to President Trump, who can buy executive action
immediately pause the enforcement of those regulations, and initiate the
process for a few and resision. This would liberate individuals
and businesses from illicit regulations never passed by Congress and
stimulate the US economy. How many times have we told

(01:30:52):
you here on the program, all power in Washington, DC
comes from the federal Registry and the tax code. That's
where they get their power from. Oh, we can give
this company a loophole in the tax code, and this
carve out here can also protect big business regulatory capture.

(01:31:15):
You write regulations that can protect big business against small
and up and comers. When the president nullifies thousands of regulations,
critics will allege executive overreach. In fact, it will be
correcting the executive overreach of thousands of regulations promulgated by

(01:31:37):
administrative fiat that were never authorized by Congress the president.
The president owes lawmaking deference to Congress, not to bureaucrats
deep within federal agencies. The use of executive orders to
substitute for lawmaking by adding burns some new rules is

(01:31:58):
a constitutional hunt for crying out loud. Obama did it
when he was president, and Saturday Night Live did a
skit making fun of him for crying out loud. Sessan
El made fun of them. You go online you can
see it. They did a knockoff of the I'm just
a Bill bit from the nineteen seventies with Schoolhouse Rock,

(01:32:19):
and there was Obama pushing bill down the steps of
Congress because he's gonna do whatever he wanted. Congress needs
to do all this. Congress needs to be writing the laws.
These regulations need to be rescinded. A drastic reduction in

(01:32:40):
federal regulations provide sound logic for mass head count reductions
across the federal bureaucracy. DOSE intends to work with embedded
appointees and agencies to identify the minimum number of employees
required an agency for it to perform it's constitutionally permissible
and statory mandatory functions. The number of federal employees to

(01:33:03):
cut should at least be proportionate to the number of
federal regulations that are nullified. Not only are fewer employees
required to enforce fewer regulations, but the agency would produce
fewer regulations once its scope of authority is properly limited.
Employees positions are limited, he said, are deserve to be

(01:33:23):
treated with respect. Yeah, I'm not so sure about that
goes on, But the various different things they're gonna do,
I'm not buying into that. Sorry, I'm not. I've dealt
with government for way too long, way too long, and
we all know, we all know. I said, I grew
up in Albany, New York. Okay, if it's bad normity

(01:33:44):
with state government, it's bad Washington, DC as well. Again,
ninety percent of them not even showing up at the
office for crying out loud. Anyway, I'm gonna go on
with this. I'm gonna take quick break right here. This again,
I am ankful, very thankful for Elon and for VEK
for what they're doing. Oh but again a long knives

(01:34:05):
are out. They're coming after these guys coming out of
it again. There's a wounded animal right now in the
corner the bureaucracy, and they are dangerous, most dangerous thing
in this country, the bureaucracy watchdog on Wall street dot com.
We'll be back.

Speaker 1 (01:34:40):
Ticking Wall streets liars, drugs, and cheets out behind the woodshed.
You're listening to the watchdog on Wall Streets.

Speaker 4 (01:34:48):
For hire back all right? Cutting spending back to Elon
and the VEC here five hundred billion plus every single
year that is unauthorized by Congress, unauthorized by Congress, or

(01:35:12):
being used in ways that Congress never intended. Five hundred
and thirty five million dollars a year for the Corporation
for Public Broadcasting, give me a break. One point five
billion for grants to international organizations. Three hundred million to

(01:35:34):
progressive groups like Planned Parenthood. The procurement process here in
this country is disgusting. A lot of federal contracts I
don't even take a look at him large scale audits
conducted during a temporary suspension of payments would yield significant savings.

(01:35:55):
Agan he talked about the Pentagon failing another audit right
on down the line, going after fraud and tiny with
programs Medicare and Medicaid, the magnitude of waste that is
involved in those programs, the fraud and abuse that we
want to get rid of, we keep talking about when

(01:36:16):
we never do it. This is this is something that
truly could be great for this country. It really could.
And again, you're watching, you're watching what's taking place. You
go to some of the comments section, and you know
these are government workers and they're freaking out. They're freaking

(01:36:39):
out all over the place over this good good. It's time.
It's time to go. It's time to clean this nonsense up.
I've talked about this here on the programs, always talking
about a tax, tax those rich people more. I said
it here. I said, you want to you want more

(01:37:00):
money for me? Okay, okay, you know what. Let I said,
let's play make a deal again. We did play. Let's
make a deal with social security. Let's make a deal
with raising my taxes. You let Elon and Vivek have
at it. We run a lean, mean fighting machine across
the board as far as government is concerned. Go to

(01:37:22):
work there. You balance our budget. In fact, you do better.
You we pass a constitutional amendment, constitutional amendment that says
we have to balance the budget. Let me give an example,
this this past week. Okay, and again this again. I'm
getting a little bit off the beaten track, but not really. Okay,

(01:37:43):
Tom Tillis, we'll pull her North Carolina. Put together a bill,
put together a bill for hurricane relief. Okay, okay, we
all need that. We got to have some hurricane relief.
Ran Paul okay said okay, we're running a two trillion
dollar deficit right now. I want hurricane relief too. But
you know what we're gonna do. We're gonna take money

(01:38:05):
away from all of the handouts to all these green companies,
energy companies that you're giving money to, and we're gonna
divert it to hurricane relief. Tom Tillis voted against his
own bill when Ran Paul put that amendment in. And
he's supposedly a Republican. Tom Tillis. Now you see Tom
Tillis probably has buddies that are getting money green energy

(01:38:28):
money that he doesn't want to take away. This is
how you run a budget. Okay, we have a hurricane here,
we got a problem. We need money for that. You
know what, We're gonna have to make some cuts elsewhere.
You balance the budget moving forward. Then you come back.

(01:38:48):
Then you come back to us and say, okay, you
know we want to we want to raise your taxes,
but we're gonna use that money that we're raising to
pay down It has to be earmarked to pay down
our national debt. I'd say, okay, I'd say, all candle,
those conditions. What it is right now, if you're just
taxing me more, you're just taxing me more. All I

(01:39:11):
know is that money is going to be misspent. It's
gonna be wasted, it's gonna be flushed down the toilet,
it's gonna be misused. And quite frankly, that's just it's disrespectful.
These these people in cong They disrespect the taxpayers is
what they do, you know. And talking about the spending,

(01:39:32):
they canceled, canceled that loan that Ukraine had five five
billion dollars. They canceled that Republicans signed off on that
as well. Watchdog on Wallstreet dot com watchdog on Wallstreet
dot Com. Don't go anywhere, We'll be back.

Speaker 1 (01:39:54):
Chris Markowski is the watchdog of Wall Street, m bringing

(01:40:17):
America financial freedom. One listener at a time. You're listening
to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:40:32):
Everybody's a watchdog on Wall Street Show. Again, I remind
everybody on a regular basis here, Yeah, yeah, we're a
CFP registered investment advisory running a family office. The difference
between us, well, there many differences between us and everybody else,

(01:40:54):
but one of the starkest difference, quite frankly, is is
that we help everyone. We help everyone out. And again,
you want to see how we've been doing things for
thirty years, how we've been able to navigate all the storms,
all the corrections, all of the issues. And I'm telling

(01:41:15):
you right now, Okay, there's some The magic sauce at
Markowski Investments is the fact that we abide by the
laws of the universe. The investment principles that we abide
by have been around for thousands of years. They're in
the Bible. They work, they work, no gimmicks, no shortcuts.

(01:41:39):
Everything in life that has meaning, value and worth involves work,
time and effort. We make money slowly, slowly. Well, this
year it's been some run ups and certain things. But again,
we talked last week about taking profits, how to go

(01:41:59):
about taking warehousing profits? A myriad of things that there's
no magic formula. There's now AI trading, there's none of
that crap. It's what works watchdog on Wall Street dot com.
Get there and you can become a part of our
our family. Here. I want to talk about the I

(01:42:20):
want to talk about the Trump Dance. Trump Dance is
sweeping the nation. Sweeping the nation. Christal Pulsk did, but
we scored against Jamaica after he scored a goal, he
got one. You got the guys in the NFL that
are doing the Trump dance. People are now a thing.
You're going to New York City in front of Trump
Tower and everybody's taking selfies of themselves doing the Trump Dance.

(01:42:43):
You want to you want to something that's kind of funny. Okay,
just follow along with me. I didn't even feel this.
This just pointed out to me by one of our listeners. Well,
you know how I love the sub reference here and
I often I have to talk about caddyshack. I make
fun of the Bushwood, the Bushwood Republicans there, you know

(01:43:04):
that the doctor Beeper there and Judge Judge smells and
all that. Yeah, that whole gang, you know, those those
old school blue blood Republicans that I can't stand. And
I made the comparison before I talked about how how
Donald Trump is like al Cervik Rodney Dangerfield's character from

(01:43:25):
Caddyshack going to the Bushwood and make it driving everybody
crazy over there. Well, how does a Trump dance apply
to this? I'm not kidding. You're gonna do it. I
know you're gonna do it. Okay, if you're driving, don't
do it. Now. Go look at the dance. Go look
at the dance at the groundhog does in Caddyshack. It's

(01:43:47):
the damn Trump dance. Yeah, the gopher, the gopher. Go
take a look at the dance that the gopher. It's
the Trump dance. Couldn't make it up anyway. Anyway, we
got to talk a little bit about China. Ah, Okay,

(01:44:08):
China put out it's for red lines. So this is
things that you know, listen, we don't you know, we
want you guys to kind of leave us alone on
I am yeah, I ticked a lot of people off
over at Fox News for my position on China, because

(01:44:30):
I go on there and everybody's rah, Rah the Great's evil,
China's gonna invade. I'm like, no, they're not. No, they're not.
I guess it makes for good ratings, but no, I don't.
I'm not buying into any of that nonsense. These are
the four red lines that xjen ping and xsion Ping

(01:44:51):
is pretty much. To be honest, he's kind of a
failed leader at this point in time. China is gonna
have to pump a ton of money into their economy
just keep it going. It's a disaster anyway. Number One
is supporting Taiwan independence. That's a red line for them.
They don't want us to do that. I don't want

(01:45:14):
us to do that, and we haven't. We haven't, we haven't.
We haven't supported Taiwan independence. Haven't done that. Number two.
Number two interfering in China's democracy and human rights. Now,
you know, Trump has kind of sounded off to some
degree on Jimmy Li. We talked about him here on

(01:45:35):
the program, and we know about the abuses that are
taking place in China. However, However, there's my opinion there's
democracy and human rights abuses that are taking place in
the UK right now. I won't step foot in the UK.

(01:45:56):
I won't do a layover at Heathrow. I ain't going
to that country. I'm a fred I get thrown in jail.
You get thrown in jail by stuff that you say
on social media. They are out of their minds over there.
Isn't that a problem? Should shouldn't we be criticized them
going after them as well? I've always been big believer, folks.

(01:46:19):
You know you lead by example number three red line
stifling China's development path by sanctions and trade restrictions. Again,
this is gonna be a negotiation. China's gonna put tariffs
on our stuff. We're gonna put tariffs on theirs, and
they know that restricting China's rights to advancement and development. Again,

(01:46:39):
I don't understand this. People said this all the time. Well,
China's economy is gonna be one of the biggest in
the world. There's nowhere near us when it comes to uh,
you know, GDP per capita, it's just not nowhere close.
But don't we want people to be lifted out of poverty?
Could we be calling me crazy. But the country that

(01:47:00):
you're doing a ton of business with is a country
more than likely you're probably not going to go to
war with. Gotta take a break. Watchdog on Wallstreet dot com.
Watchdog on Wall Street dot com. You gotta check out
the Gopher Dance Caddyshack. It is the Trump Dance. Al
Cervik Donald Trump coincidence. Talk him anywhere, We'll be back.

Speaker 1 (01:47:39):
This is the Watchdog on Wall Street.

Speaker 4 (01:47:46):
Yeah, you get to the point in the program. I get,
you know, the third hour of the program, and I'm
looking out at a CEA as stories that I haven't
to wanted to get to listen. This is why, that's
why you have to. Uh, you got you gotta subscribe
to our podcast. And if you're not familiar, we do
one topic only, one topic only. So we'll do a

(01:48:10):
segment that's five minutes, a segment that's eight minutes, seven's
ten seven, it's four. So it's it's just whatever, I
you know, I feel pertinent at that time, and you
can you can kind of get through those. And again,
our our numbers are great. People listen to them all
the way through and through. And if I gotta ask
a favor, if I can ask a favor, we subscribe
to the podcast, which I appreciate, and do it at

(01:48:30):
our website at Watchdog on Wall Street dot com. Give
me a review, Give me a review. It's it's beat
the algorithms. That's that's the game we're playing at nowadays,
in today's day and age is you gotta you gotta
convince the algorithms that you're cool. I guess, and they'll
they'll push out so we can get more listeners as
we continue to grow via the digital route as well.

(01:48:53):
Any Way, Uh yeah, Buyden administration's going pretty much scorched earth,
pretty much scorched earth at this point in time. When
I call it the Biden administration, I might as well
call it the Lady Eloise administration. That's a sub reference
to the movie Boomerang. Yeah, Lady Eloise and Boomerang she

(01:49:17):
you know, well, lead character Eddie Murphy's character thought that
she had all the power at the company and she
was just a name on the package. It's the Biden
administration in name only. Again, inquiry minds want to know
who's running the country right now. But anyway, neither here
nor there. Uh yeah, yeah. Ral Mundo, Commerce Secretary is

(01:49:40):
working hard to push every dime out the door. They're
in a mad rush, and a mad rush leave no
cash behind. And this is your tax dollars. And rayl
Munda is trying to get as much money out to
chip companies as she possibly can. And again, aren't you thrilled?
Are you? Aren't you excited that they're taking your tax

(01:50:02):
dollars and giving it to billion dollar corporations. Doesn't that
make you feel warm and fuzzy inside? Oh, you're not
getting stock in the company. No, you know, you're not
even lending them money. You're not getting anything. They're taking
your money and they're giving it to billion dollar corporations anyway.
Oh and as well, we're seeing what's happened on the

(01:50:23):
enforcement bit. Yeah, Lida cons last stand Leada con in
the FTC going after everybody Justice Department that are going
after Google and Chrome. I'll do a podcast on that
one most certainly to make sure you tune into that
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot Com.
We'll be back.

Speaker 1 (01:50:55):
You're listening to the Watchdog on Wall Students bringing America

(01:51:20):
financial freedom one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markewski.

Speaker 4 (01:51:29):
Ah right, I'm sorry, I'm gonna have to go here,
I really am.

Speaker 1 (01:51:36):
So.

Speaker 4 (01:51:36):
I'm minding my own business. And I was doing prep work,
prep work for the show and looking at X and
this ad popped up in my feed and it was
it was actually by that it was probably a conservative
writer posted it, and it was this new advertisement for Jaguar.

(01:52:03):
Now I've never owned a Jaguar. I do think that
they make beautiful cars, at least the older ones that
they're very, very nice. And I was like, why an't
they posting this? And I clicked on the ad and
I gotta say, I think it's the first advertisement for

(01:52:25):
an automobile that didn't have an automobile in it. I
put it this way. You know, again, I've been on
the radio for a long time. I think I have
good power of describing things that could do that on radio.
I can't put this advertisement in to words. It's like

(01:52:50):
the yeah, put this way, you know the bar scene
from Tattoine and Star Wars. It's like that accept really
really gay and trans and more colorful whatever that means.
It's as if it's a professional hit on the Jaguar brand. Listen,

(01:53:15):
I'm not overstating this thing at all. I watched this
and I said to myself, does Jaguar think that their
their target market is gay, trans socialists or something like that,
that they think that they're gonna be the ones that
are buying their cars? Yeah? Yeah, yeah, it's that bad.

(01:53:38):
It is thought they're the advertisement that Jaguar. It was
a great ad. It was a great It was back
in two thousand, two thousand and one, I remember because
that good. It was also the time because there was
a song it was. They used Sting and his song
Desert Rose, and they the ad had it was like,

(01:54:02):
you know, you dream of being a rock star, and
what do rock stars dream of? And then it had
the car racing around in the desert. Now we've got
day trans socialists selling a Jaguar car. That's not even
in the ad. Anyway, Anyway, onto something else here. The

(01:54:30):
the leftists are leaving Twitter, and you know they got
they gotta make their announcement. I'm leaving Twitter. I'm so upset.
It's not a safe space. I need my safe space. Hi,
I'm don Lemon. I don't feel safe here. Hi, I
gotta move over to Blue Sky I'm gonna be honest,
I didn't even know what Blue Sky was. And then

(01:54:50):
I'm like, oh, okay, uh it is a another social
media spot that again. This was again, this was put
to together by the founder Twitter, Jack Dorsey. He left
the organization their ad news I got three added three
million users since October they got fifteen million total. Yeah,

(01:55:14):
x has got over six hundred million. But already all already,
already the Karens and the leftists are going at it.
They're going at it. In a twenty four hour period
of time, the site was inundated with over forty two
thousand reports and censorship requests that expanded to over three

(01:55:40):
thousand per hour. Honestly, you people that need that kind
of world, can't we just buy them greenland or a
certain area where they can go and they can, you know,
kind of eat each other alive. You know what I
thought of when I saw this, as I thought of
that scene in Skyfall James Bond when Silva comes out

(01:56:03):
and he tells the story about his grandmother's island in
the rats and how you really get rid of rats is,
you know, you trap them together, then you get them
to kill one another, eat one another, and then you
let the two rats go that survive, and then you
don't have to worry about rats anymore. And to what
the leftists do, They're gonna end up eating one another.
You see how fast? Did you see how fast all

(01:56:25):
the lefties came out and canceled Mika and Joe. Oh
my god, within the same network. I'm not even going
on their sow anymore because they went to go talk
to Donald Trump. Do you understand how what type of
loser you actually, how demented in sad you are? How

(01:56:46):
these people are, I mean honestly psychologic, they really do.
They must really be true believers and think that Donald
Trump is handler. It's nuts, man, This is funny, too
funny too, the watching watching the sensitive ponytail when they're

(01:57:08):
not wearing ponytails. The Soy Boys on CNN commenting on
Trump going to the usc fight with his entourage. Oh,
I was like it was like the Roman cause, like
ancient Rome. Here conquering Republican Caesar going to the coliseum
and everyone's cheering. He's got his political gladiators with him,

(01:57:29):
want of them. This is a quote he says, talking
about Caesar's bringing in Glady. I'm like the coliseum was completed.
I think about one hundred twenty years after Julius Caesar was,
you know, assassinated for crying out? Are you you soy boys?
That soft? It bothers you that much that he went

(01:57:50):
with a bunch of people to a usc ultimate fight
at UFC event and everyone went nuts and they had
a grand old time. That's somehow a bad thing. I
know you, I know you'd prefer him. I know you'd
prefer him going to a drag show. But uh nah nah,

(01:58:12):
oh great tune, great too, little Neil Diamond, Little Neil
Diamond to take us out anyway. God bless everybody, Happy
Thanksgiving to all. I love you, guys, and I am
most certainly thankful for you. We'll see.

Speaker 1 (01:58:32):
Chris Borkowski is the watchdog Bubball Start

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Watchdog on Wall Street: Podcast for Weekend of November 23 - November 24 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 23 - November 24 2024