The KEY to Destroy Biden's Inflation

The KEY to Destroy Biden's Inflation. www.watchdogonwallstreet.com

Episode Transcript

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

Speaker 2 (00:16):
How do we get prices down? What is the blueprint
for lower prices? I was actually asked a question about
food costs on radio show this past week, and you
know how long it's going to be before grocery bills
start coming down? And I tried to explain that if
you think, you think you know the first quarter, okay,

(00:39):
Donald Trump's first three months in office, first year, all
of a sudden, You're going to see major decreases in
the price of what we're paying at the grocery store.
Not happen. It's not going to happen. It's going to
take some time. Most certainly, could we see prices decrease

(01:00):
at the pump, barring any sort of geopolitical war type
of situation, whatever it may be, Absolutely that could be
the case, and that will filter through to everything else.
But one of the reasons why we have much higher prices,
And again, we could take a look at all the
nonsense all the waste, all the spending from the Biden administration,

(01:24):
the handouts, the giveaways, the checks, all of that contributed
all the money printing by the Federal Reserve. Yes, all
of that has been inflationary. That's inflation, is I try
to get across. It's a monetary issue. With that being said, okay,
we told you, we told you back in the winter

(01:45):
of twenty twenty one inflation was spiraling out of control.
We also said that the Federal Reserve and their economists
were how did I put it, moons, They were telling
everybody that inflation was transitory. Well, what did they continue
to do? They continue to keep interest rates at ridiculously

(02:06):
low levels, continue to again buy up treasuries galore, essentially
printing money. Again. What did the Fed economists say, Well,
if you HiT's do to these bottlenecks and problems due
to COVID and all that stuff. Yeah, I get that.
But if that was the case, it was just the

(02:27):
bottlenecks and whatnot, And the bottlenecks have now gone away wire,
prices still so damn high. And then you'll get the
left leads corporate greed, greedy corporations, right right, sure, And
this this is from the government numbers. I'm gonna give
you some government numbers right now. And we all know

(02:49):
that government numbers are put it. They're foogacy, it's not real.
Costs of shelter, food, and energy are up twenty five,
twenty seven, and twenty five percent since the beginning of
the pandemic. National Home Price Index case Shiller up fifty

(03:11):
since year in two thousand nineteen. And it was a
piece today in the Wall Street Journal Mickey Levy, Michael
Bordo talking about some of these things that we've been
talking about for some time. What is the blueprint though?
How do we get prices down? This is the difficult
part right now. This country, he has gone the way

(03:35):
in many respects and I have talked about this in
the past, much like a totalitarian state, much like China.
It was a great interview. Mark Andersin was on the
Rogan podcast and this is a guy's vary astute investor
who was an original founder of Netscape, has been involved
with all sorts of companies over the past several decades

(03:58):
and explain that, you know he's involved in AI companies
right now. How the government came in, Our government came
in and said, hey, listen, don't bother. We're going to decide,
we're going to break it down. We want to have
like two companies that are outstanding. Since Dodd Frank. Here's
an example, since Dodd Frank was past financial crisis. You

(04:20):
do realize there hasn't been a new bank in the
United States, not one, not a single new bank chartered
here in the United States. It's possible now. I've talked
about the lack of competition. I've talked about regulatory capture.
It was great listening to the interview. Mark was saying
the same exact things we've been saying here on the program,
regulatory capture, big businesses. And again we've got this FTC

(04:47):
that's out there roaming around not doing what is necessary. Again,
they like the government, likes their power, and what a
great way to control people. Then control the plumbing system
for the entire country, which is the banking system. We
you know had Dodd Frank, you know, too big to fail.
Now it's too bigger to fail. These companies are not

(05:09):
going anywhere. No company in this entire country should be
too big to fail. That's failure is a part of
the process. We've talked about creative destruction. Here on the
program economist Joseph Schumpeter, somebody builds a better mouse trap,
comes up with a better idea, destroyed, something better comes along.

(05:30):
Great example of this, that's a think about Blockbuster Video.
Think about Blockbuster Video, and I mean we all went
to Blockbuster Video at some point in time, right from
VHS tapes to DVDs. They didn't think, you know, they
didn't think outside the box. And you know, Netflix, Cleaner Clock. Okay,

(05:56):
think about it for a second. Some people might be
nostalgic going to the video store. Not me, Oh man,
I forgot to return that video. No, you just go
and you watch what you want to watch again. That
was smart. Competition allowed that to happen. Now, imagine if
the government was in bed with the big VHS and

(06:18):
big DVD and they didn't allow Blockbuster to fail, they
didn't allow competition in that arena. Yeah, we'd still be
going to Blockbuster Video today. That's the reality. And there's
many protected industries here in this country keeping prices high.
Think about the consolidation within the food industry with Big Egg.

(06:42):
Think about that for a second over the years. I mean,
it's it's incredible. I mean, you think about it, then
you think about the things that they allowed to have happen.
You think about when tobacco was going down, and then
they allowed big tobacco to buy up food companies. Now

(07:03):
big tobacco understands how to get people addicted to products.
You start putting additives and all sorts of type of uh.
The designing the way food is so people get more
addicted to crappy food. It's the same crap people. You know,
all of these companies need to be broken up. We
need to bring more competition. You want to bring prices down,

(07:26):
get rid of regulations, allow more competition into industries. What
do you You don't think that Big Egg is protected
by the FDA and regulations. Of course they are. You
remember seeing pictures of uh, what was that was the
FDA coming in and knocking over and spilling all of

(07:47):
the raw milk that the Amish farmers tried to sell.
Are you kidding me? Yeah, that's that's your gestapo s
country that we're living in here at this point in time.
I think I mentioned it a day or two here
on the program, the government stepping in again once he
had the Amish come to the rescue building small homes

(08:09):
for people in North Carolina affected by Hurricane Helene. No, no, no, no, no,
no no. They didn't meet the local requirements by the
government at that time. So you know what we'll put
them in. We'll put them in government trailers or tents.
It's a much better idea, right, No, A lot needs

(08:31):
to be dealt with. You know, most of the country,
I mean honest, most of the country. Oh America, merkle.
They starts singing country songs about freedom and this and
that and the next thing, what a load them bunk.
The similarities between the things that we do here in
this country and the thing that the you know, they
was like the fox, the communist Chinese, communist Chinese, and yeah, yeah,

(08:54):
Xizhenping is most certainly a communist. But you don't think
our government likes the same type of control they do.
They do. You want prices to come down, get the
government out of the way, allow more competition in the industry.

(09:14):
It's funny. A personal note, my business and what I do,
and I've talked about the barriers to entry and how
difficult it is, the regulatory costs that are involved, and
got a lot of It's just it's quite frankly, it

(09:35):
is nonsense, nonsense. Every year I gotta take continuing education
classes and it's the same bs. It's all money laundering stuff.
But inn' funny that all these big banks keep getting
nailed for money laundering. For all these bad actors, nothing
happens to them. If I was a launder money for

(09:55):
a drug cartel or some criminalsome crook, I'll be thrown
out of the business. Let's just put that aside. Access
to capital, Access to money. That's one of the things
about Too Big to Fail and the big banks and
DoD frank that's been something that's been talked about, people
being de banked. Your bank calls it, no, you can't

(10:16):
have account here anymore. Now we're debanking you. It happened
to Malania Trump and her son for crying out loud.
I mean, this is the things that take place here
in this country. You pick up a phone, I don't
like this person politically, you know, call somebody over at
the big banks and you tell them, hey, we're your regulator.
We can make life very difficult to you. You know,

(10:37):
don't allow these people to have accounts. Happens all the time.
Access to capital. I'm trying to you know, expand our business.
And let's say certain firms are you know, the owners
want to retire, we try to purchase. You don't think
it's you know, more difficult for us to get access

(10:58):
to capital because I've got to go to essentially my
competitor to borrow money for them or whatever it may be.
To finance a loan to buy one of these businesses
in the same industry. Not an easy thing to do. Again,
you have to go outside the main banking system to
go ahead and do that at this point in time. Again,
and I'm not complaining, it is what it is, okay,

(11:20):
but you want blueprint for prices to come down. This
is what needs to be done. And I'm telling you
right now it's not going to happen overnight. And what
is going to happen is is there's going to be
a lot of saying, Hey, the Trump is gonna be
praise is time. You're gonna hear it all over the media,
all over the media. I gotta say, oh, Trump couldn't

(11:41):
get it done, Na la lah. Again. I just again,
he's got some smart people around him. They better be
out there and force explaining to the American people how
the world works, how money works, how competition works. Because,
be honest with you, most people are woefully or when
it comes to these topics. Watchdog on Wall Street dot

(12:04):
com