Watchdog on Wall Street: Podcast for Weekend of December 14 - December 15 2024 - Watchdog on Wall Street with Chris Markowski

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

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

Speaker 1 (00:29):
The true truth bringing America the truth about what really
happens in the financial world.

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

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

Speaker 2 (00:44):
It's like a bad slasher film. For crying out loud, Yes,
that transitory inflation is pack. I never went away, never
went away. Welcome everybody at the Watchdog on Wall Street Show.
I'm not a big fan of the the slasher film genre.

(01:08):
Again again, Original Halloween, Original Friday the thirteenth. They're good,
but I don't know how many installments they've had after that,
Jason and Freddy, and well Freddy is what Freddy was
Friday the thirteenth. Anyway, they keep coming back. And again
we had Joe Biden not long ago and his his minions,

(01:31):
his foolish minions out there talking about how they tackled
inflation and Jim Kramer on CNBC, Oh, Jay Powell, the Fed,
I've done such a wonderful job. Really, really, why don't
you go ask why don't you go ask Americans how
they feel? Why don't you get out of your damn bubble.

(01:56):
We've been we've been talking about real inflation for a
very long time here on the program. I originally called it,
my bare grillis inflation index. This is going back what
ten twelve years ago, how to be at least. And
everybody's saying, oh, it's great now, every inflation is it's tame.

(02:20):
It's not bad out there, And I'm like, are you
seeing what the cost of food is? Are you seeing
what the cost of healthcare, the cost of education, the
cost of energy, all of these things that people have
to spend money on every single day they continue to
go up. Yeah, you put oh, you know, durable goods,

(02:40):
and your television is not expensive anymore. That's that's great. Thanks.
How often do you need to buy a television set? Seriously?
Who cares? Who honestly does anybody really care about the
cost of a television set? Yeah? How often do you

(03:02):
have to buy one? You have to buy food every day.
You have to eat every day, and those costs continue
to go up. We could we change it. It's the
Markowski inflation index, and we have been spot on. Now,

(03:22):
how have we been able to when people ask this
all the time? You know the calls you've made, you
know how well you've done with the people's money and everything?
How did you know? What's what's secret sauce? There? There's
no secret sauce for first and foremost. Okay, if you're
watching the business news, if you're reading these these magazines,

(03:45):
in these newspapers and being preached to by these people
who live in a bubble, if you're listening to all
of these talking heads from these big firms over at
Morgan Stanley and Merylman Goldman Sachs. Okay, I learned this.

(04:06):
I learned this back in the nineteen nineties. This quick,
quick side note side story. I'm in a meeting in
the nineteen nineties and I'm introduced at the time to
the lead retail analyst at Goldman Sachs at the time retail,
and I start up a conversation and again this is

(04:27):
sec So it's a very smart person went to Ivy
League schools, and Ivy League NBAS and I'm talking about
the retail climate. At that time again, a lot of
dot com companies' was also talking about it. Was asked
questions about Walmart and how they run their business and
how efficient they are supply chain management, and it's this

(04:49):
person didn't have a clue. In fact, this is the
lead retail analyst at Goldman Sachs told me had never
stepped foot into Walmart. I said, wow, you you know
you haven't stepped from them. You work for Goldman Sachs,
so you think you might go down to Arkansas to
see how they run their business. For crying out loud,
but this is how it operates. Okay. There's an old

(05:12):
that was a famous cover of the New Yorker magazine
and people, you know, people in New York City have
posters of it on their wall. It's like the vision
of the world from a New Yorker and it shows
like streets in New York and then you know, you
see it, you know Hudson River, and then you see
you know, Jersey and all these other It's just it's
this world that you know, there's no other place outside

(05:35):
of New York. These people live in this bubble. This
is their world. They don't understand the rest of the country.
If you're taking a look at the cost to the
American people right now, you should be insulted. You should
be insulted. They come out and they tell you, oh,

(05:56):
look the inflations team. These are pricing pieces. Over the
past four years, medical care up nine point three percent,
clothing up twelve point three percent, use cars up seventeen
point four new cars up twenty food up twenty three

(06:18):
shelter up twenty four percent, food at restaurants up twenty
five percent, electricity up twenty nine percent, gas and utilities
up twenty nine percent, transportation up forty percent. Home price
is up forty three percent this over the past four years.

(06:40):
Gasoline up forty seven percent, fuel oil up fifty percent,
and auto insurance up sixty one percent. Auto insurance was
up twelve percent this past month. So numbers came down
the pike. We had the CPI and we had the
p p I, and the reality is prices are going

(07:04):
through the roof. But never fear. Never fear. You get somebody.
You get somebody from inside the bubble. Inside the bubble, Washington,
d C. New York, don't make any difference telling you, Oh,
it's all okay. The average Americans paycheck was that a
record high in November? It was that one twenty one dollars.

(07:30):
Really that that's that's nice. The best way I can
explain it is this okay? And how they again when
they say these things, it makes my head want to explode.
Right now, we're gonna you, We're gonna use football parlance. Shelley. Uh.
Saquon Barkley is having an unbelievable season. They say he
could break he might be able to break the single

(07:50):
season record, which was held by Eric Dickerson. So you
can compare Saquon Barkley's record to Eric Dickerson's record. Why
because a yard when Eric Dickerson played is the same
as a yard is today. A dollar today isn't what

(08:12):
a dollar was back in twenty twenty one. You know
that whole you know, which weighs more a pound, a letter,
a pound of feathers. Again, this is not applicable. A
dollar today is not worth the same. You have lost
money and it's gotten worse instead of better over the years,

(08:36):
and you have You must structure your portfolio properly. You
need to stay ahead of all this. If your money
is not busting its butt for you, you're caught behind
eight ball. You can put money away and you could save,
but you're losing if it's not growing properly. It's very,

(09:00):
very difficult. Right now it is Inflation across the board
has skyrocket. Now why is that? Why is that? Why
is it that? You know, how what flation old? Did
you listen to Elizabeth Warren or you listen to these
left wing loons out there, or it's corporate greed. Its

(09:22):
corporate greed. Really, so every single industry, all all every
single industry out there, they're getting together in some back room,
drinking scotch scotchcotch and smoking cigars and deciding that they're
all going to raise prices. Is that really how you
think the world works? It's because of government. It's because

(09:49):
of government spending. Did you see you see the deficit
numbers from this past month. You do realize that fifty
five cents every dollar every dollar the government spent in
November was borrowed. More than half the spending of the
federal government was borrowed. How about this, my fellow taxpayers,

(10:15):
sixty two point five percent, sixty two point five percent
of the personal income taxes you paid were for interest
on the debt. Think about that for a second, dude,
All right, put this in a perspective as your household. Now,

(10:35):
imagine if sixty two percent of what you made this
past month was just interest on your mortgage, your cars,
and your credit cards. Think about that. Is that sustainable?
Is that sustainable? It's not. And don't even let me

(10:56):
get into the ridiculous jobs numbers that they put out.
Oh yeah, well that was that was last five all
for November's jobs numbers. Oh they're touting that all was
much better than expected. Oh really really? Oh real? Well,
gee whiz. If it was so great, how come so
many people have left the labor force? Wow? No jobs

(11:20):
or November jobs report showed payrolls at two hundred and
twenty seven thousand, but the number of people employed was
down by three hundred and fifty five thousand and is
down seven hundred and twenty five thousand year over year.
We've been trying to get this across to you for
some time. Okay, it's been our belief. Okay again, I

(11:45):
don't live in the world of fake fugase bowl excrement
government numbers. You want to know why we do well
because we don't live in that world. We understand that
they're throwing bs at us. Right, you want to a
Markowski recession index. We've been in a recession. We've been

(12:09):
in a recession for some time. You take away government spending,
you take away government jobs. This country's in a recession.
It's not sustainable. Why we have inflation, Well, the government
has to keep borrowing money and they have to keep
printing money to pay the bills. That's what inflation is.

(12:33):
It's not some sort of bloody corporate conspiracy that Elizabeth
Warren don't up somewhere hanging out with Bernie Sanders in
a corner smoking a skull bong. Okay, this is how
the world works. And again, if you do not position

(12:55):
your portfolio properly, you are going to fall behind this.
Does this obviously translate and filter down through asset inflation
as well? Absolutely, there's no doubt about it. Does There's
no doubt. Yes, Like, oh wow, I'm gonna value in

(13:19):
my home. That's all will and good. I mean, that's fantastic, okay,
But I mean, honestly, what good does that do you? Well?
I can sell it and okay, and then what then
you gotta buy another house? Right? Sure, you might be
able to downsize whatever it may be, but you do that,
it's still expensive too. It's all smoke in mirrors. It's

(13:42):
one big giant siop by the government and Wall Street
to sell you crap, to point you in the wrong direction.
This is where we come in. This is why, Okay,
that's why we've been on the air for twenty five years.

(14:02):
We call out all of this nonsense for exactly what
it is. Again, I invite each and every one of
you to become a part of what we do at
Markowski Investments in the Watchdog on Wall Street Radio show.
Do your homework on us. Want to see our track record,

(14:23):
want to see everything that we've called over the past
three decades. Have at it, have at it. Put my
track record up against anybody, Okay, anybody Watchdog on Wallstreet
dot com. Go there, sign up for our personal CFO program,
all sorts of great stuff there at our site, my

(14:44):
columns going back thirty years, our podcast, our newsletter Watchdog
on Wallstreet dot com. Or give us a call eight
hundreds for seven to one fifty nine eighty four. That's
eight hundreds for seven to one fifty nine eighty four.
We'll be back.

Speaker 1 (15:18):
Teaking Wall streets liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 2 (15:29):
Welcome back, everybody. It is the watch Dog on Wall
Street show. Okay again, our Markowski Investment's Personal CFO program
Chief financial Officer CFO. That's what we do. That's what
we are for families all across the country, all over

(15:52):
the world for that matter. We're here to help you
with everything, whether you need help with your taxes, whether
you need help with your estate. And of course we
manage people's portfolios. And what separates us, separates us from
the other family offices and the other registered investment advisories

(16:14):
out there, is we help everyone. Our door is open
to everyone. And again there's no there's no cookie cutter nonsense.
There's there's no algorithmic crap. It's built around you and

(16:34):
your family every and we we understand that everyone's situation
is unique and different. When I when I mentioned the
phrase family office, if you are well off, okay, you're
well off. If your cape, you know, you can go
to a registered investment of our family office like ours

(16:57):
ninety nine percent of them. Unless you have ten fifteen
million bucks, they are not interested in you. Okay, you
don't qualify, doesn't work that way. They don't want to
deal with you. That's not who we are. What it
separates us, makes us different from all the other family
offices out there, is just exactly that. I know where

(17:20):
I came from growing up, and when we decided to
build Markowski Investments when we started thirty years ago, that
was that was one thing I sat down my brother said,
we are not going to show anyone in the door.
And year after year we go to industry conference after
industry conference. Oh what you gotta do? You got to
you gotta focus on your big clients. You gotta fire

(17:41):
all the small ones out there. And I'm like, these
guys are jerks. I mean, you have the wherewithal to
help people build wealth, not just maintain wealth. Again, I've
said this before. Maintaining wealth and growing that's a piece
of cake. That's an easy job. The most satisfying thing

(18:02):
that we do at Markowski Investments is build wealth. And yeah, yeah,
like I said, take a look at our calls. Every
financial storm, every correction, every market sell off, not only
not only did we see it coming. We don't panic,

(18:23):
we don't freak out. We handle it properly. Our ability
to recognize and avoid serious risk, including stuff that sometimes
people feel come out of nowhere, wack Swan type events,

(18:44):
you have to be able to handle that. We talked
about that over the past couple of weeks. Not allowing
risk lead to ruin again. You watch the news, you
watch various different pro you listen to the analysts, these
people that they parade on TV. The conventional wisdom of

(19:05):
the day, conventional wisdom is poison. We deal with the
reality of the terrain. That's what we're about. And you're
all welcome. You're all welcome again. Go to our website
at Watchdog on Wall Street dot com. Sign up for

(19:26):
our personal CFO program podcast whatever it may be. All right,
I gotta move on here. Oh my god. Look, yeah,
tried to move on and then you know what, we
got this thing called the commercial. We got to run here. Ah,
we get back, we get back. Uh, you know what,
We're gonna talk a little bit about dividend stocks. Dividend
stocks found a funny, funny story in the Wall Street

(19:48):
Journal this past week about dividend stocks quick break Watchdog
on Wall Street dot com our site, or give us
a call eight hundred and four seven one fifty nine
eighty four. We shall return.

Speaker 1 (20:09):
Chris Markowski is the watch Dog on Wall Street.

Speaker 2 (20:38):
Jingle Bell, jingle Bell, jingle Bell Rode, jingle Bell Swing
and jingle Bells.

Speaker 1 (20:46):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (20:55):
What is to say the The Wall Street Journal up
today is not the Wall Street Journal of my youth
by any stretch of the imagination.

Speaker 2 (21:07):
And yeah, I called this. I knew when Rupert Murdoch
took it over it was going to be an absolute
disasters there. Story. It's just you know, I think got
kids working there, and many of the stories that they write,
it's almost as if it's like that they discovered something.
It's written like like a kid that just found something out,

(21:30):
Like wow, look at that. I had no idea anyway.
So here was a story this past week. Dividend stocks
are prime for a comeback in twenty twenty five. And
this is again, this is part of the problem. Prime
for a comeback? When when did dividend stocks ever go

(21:52):
out of quote end quote style. You know, maybe you know,
maybe for again, the conventional wisdom types out there that
think that they can time the markets and trade in
and out of things, sure, sure that they they know
when to get in when to get out wrong. Wrong.
Here's a fact for you. The bulk of stock market

(22:14):
returns throughout history have been due to dividends and reinvesting
them period the end. I remember, towards the end of
the dot Com fiasco early part of the turn of
the century, wrote columns why dividends now, old school investing

(22:36):
people forgot all that they forgotten during the whole dot
com ram. Hey, no, forget about it. I oh, Markowski,
you don't know what you're talking about. Oh it's dot
COM's We've got all all this tech stuff. You're gonna
sell all our high quality blue chip companies paying high dividends.
We gotta go all in tech now. No, that that's

(22:56):
the equivalent. That's the equivalent of going outside. You want
to remodel your house and taking a jackhammer to the
cornerstone the foundation of your home. You don't do that.
You don't do that. Dividends are always in style, sure, sure,

(23:21):
Sometimes divid dane paying stocks the quote end quote blue
chip companies. Sometimes they might underperform in what's hot at
that point in time. So what so what compounding rule
number one, Rule number one Markowski Investments. Rules of the road.

(23:45):
Compounding is the royal road to riches. If you find
a phenomenal company that's continuing to grow, that continues to
grow its dividends, you own it and you let dividends
and compounding work their magic over time. Will There'll be

(24:06):
periods of time where up, gee whiz, it's been flat.
That stock's been flat for a while. What do you care?
What do you care? If the dividends are coming in
and you're reinvesting it in that company, where is it
going to be five, ten, fifteen, twenty years down the road.

(24:27):
This is how you go about building wealth. People trying
to guess what the next fat is is insane. I
don't get it. It makes no sense whatsoever. You will
lose again and again and again when we take a look, Yeah,

(24:53):
this has a bit of a review. So what we
select companies in the same exact way, the same exact way.
If I was looking at a business and I was
gonna say I was gonna buy the entire business, out.
Let's say there's a business for sale in your town.

(25:13):
A dry cleaner, a restaurant, a store, doesn't make any difference.
I'm evaluating a business like I'm gonna buy the whole thing.
I want to make sure it's a business I understand.
I want to make sure it's a business that has
really good long term prospects. I want to make sure

(25:38):
that the people. If it's a type of business where
the people are important, I want to think I make
sure they got competent people that are working there. And
most certainly, you want to make sure the price is right.
I'm not looking at the market behavior over the short term.
That makes no sense. And so what if it's a

(26:02):
high quality company, what if you're wrong? What if after
you bought it, you're not even wrong? Technically the stock
goes down. Stockers in business is great, everything's fine. But
guess what the market says. You know what, mister market says,
You're not market's down right now? So what you're getting

(26:22):
a dividend, You're reinvesting in that same company, and you're
getting more at a lower price. Again, what I talk
about here on the program, guys, Eh, Nope, not that exciting. No,
it's not, but it works. It works, and if you
want to be successful, if you want to build wealth

(26:46):
over time, there's one way to do things. Yeah, I'm
arrogant enough to say that when it comes to our philosophy,
because it's not my philosophy. It's a philosophy. It's been
around for thousands of years, the biblical principles in what
we teach here in regards to managing money, it makes sense.

(27:08):
It's always worked. You look at the greatest investors, this
is how they do it. We make money slow. Everything
in life that has meaning, value and worth involves work time.
And if there's no shortcuts here, gotta take a break.
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com again.

(27:29):
Get to our website, take advantage of all the great
stuff we have, personal CFO program, podcast, newsletter, you name it,
Watchdog on Wallstreet dot Com, or give us a call.
Eight hundred four seven one fifty nine eighty four.

Speaker 1 (27:44):
Love knows no season.

Speaker 2 (27:50):
Hey, I just came back from a lovely trip along
the Milky Way. I stopped off at the North Pole
just spend the holiday. I called on dear old Saba.

Speaker 1 (28:02):
Laws just bringing America financial freedom one listener at a time.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 2 (28:12):
So you better watch out and you better not cry,
and you better not pie out. And I'm you why
one time on time I got them was an email
or whatever it may be, we were going over here
on the program, uh, the Markowski Investments rules of the
road when he comes to investing, and one of our

(28:35):
one of our rules is don't lose money. And I
got kind of yelled out, Oh, master the obvious, no kidding,
just a dumb rule. Oh you know, it's just some
nonsense from somebody. But again I don't think that they
fully understand or understood. Excuse me what we're getting at

(28:57):
here on the program this show. You consistently listen to
the show. You work with us here at Markowski Investments
are our job. One of the jobs we have as
being your family CFO, is to keep you from doing
dumb stuff. Keep you from doing dumb stuff. You want

(29:19):
to be successful, don't lose, don't make mistakes. They cost
way too much. We originally started off, we originally started
off helping people out that were getting duped by the
boiler rooms. The Jordan Belfort's the Wolf on Wall Streets

(29:42):
out there, and again, these are people portfolios were down fifty, sixty, seventy,
eighty percent, sometimes more, And we tried to explain to
them that hey, it's gonna take a lot of time
and a lot of work to get back to where
you were. And many of them couldn't get their arms

(30:03):
around that. They thought we could just trade our way back. No,
it doesn't work that way. Your portfolio is down fifty percent,
You've got to see one hundred percent to get back
to where you were now. Don't lose doesn't mean trying

(30:24):
to time the market, or trying to guess, or staying
out of the market. Don't lose means when making the
wrong decisions, taking decisive action at the worst possible time,
letting emotions rule when you need to be rational again,

(30:52):
keeping your head when markets sell off, not freaking out,
not getting fomo when certain areas of the markets start
going through the roof. That's what it means to not lose.
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot Com
again become a part of our family, our personal CFO program,

(31:15):
our podcast, our newsletter. Watchdog on Wallstreet dot Com or
give us a call. Eight hundred four seven one fifty
nine eighty four.

Speaker 1 (31:26):
Chris Borkowski is the watchdog.

Speaker 2 (31:28):
Of walls doors. When we finally.

Speaker 1 (31:46):
You're listening to the Watchdog on Wall Street, rut.

Speaker 5 (31:55):
Out the red nose reindeer had a derver shining nose
and if.

Speaker 6 (32:01):
You ever saw.

Speaker 2 (32:05):
Welcome back everybody. Here's a quick question here. If Rudolph
changes changes his general to Rolanda and plays in the
reindeer games, it's definitely gonna win a lot, right playing
on the female anyway, Sorry, couldn't could't help myself there. Anyway,
Welcome back to the Watchdog on Wall Street Show. Our process,

(32:30):
our process, I mentioned it. I'll go through it quickly.
Here I mentioned I mentioned compounding is the royal road
to riches. Number two, don't lose money, don't let emotion win.
It's a killer it really, whether the markets are going

(32:51):
up or going down, people do really, really silly things
with their money. Yeah, not to mention, we also have
talked about all the ripoffs and scams and connors that
are out there and how they use greed and fear
to sell things. But yeah, I'll go back in time.
This is prior to us having the radio shows when

(33:13):
I was doing guest appearances in TV back in the
nineteen nineties, and how difficult it was because again, our
philosophy was supposedly obsolete. That's what I was told. That's
what I was told. I mean, people are making fun
of us at Markowski Investments with our oll. Isn't that quaint?
Isn't that quaint? With oh, diversified portfolio and taking profits

(33:40):
in companies and rotating assets? No? No, no, no. Nineteen
nineties man, Yeah, you can do it yourself. Man, you
go on to e trade, going to meritrade. Yeah, dot com,
dot com, dot com, everything's gonna go up. New economy.
Who duo guys said, you know, earnings didn't matter anymore.
That's what they were telling you. How'd that work out?
How did that work out? Or we were warning everybody

(34:02):
two thousand and five, two thousand and six, and two
thousand and seven, stop buying preconstruction condos. Stop thinking that
you are the next Donald Trump and you're gonna keep
flipping things. This is completely out of control. This is
a mess. Stop. Don't liquidate your retirement accounts. Don't liquidate
them to buy real estate. It's gonna collapse, and it did.
Shall I go on? Don't lose money, which means what

(34:30):
invest like you're wealthy, invest like you're a multi millionaire.
This is again, we have our clients that are well established,
extraordinarily wealthy. Do you do you think that they you
think that they get fomo? Do you think that they

(34:52):
get fomo? If they do, you think they see games
stop going crazy?

Speaker 3 (34:55):
This?

Speaker 2 (34:55):
Ah yeah, liquid eight, liquidate all my Apple, liquidate all
my high quin I want to go all in game something.
Do you think that they do things like that? No, No,
they're they're already wealthy. Okay, they're not trying to get
somewhere quickly. Don't do that Number four you buy things

(35:20):
on sale. This is important. This is important. This is
where everybody you know, every single time there's a calamity.
Every time. The most recent calamity, obviously was COVID. The
most recent calamity was COVID. And again speaking here on
the program, people, oh shut all, come, he's gonna be

(35:42):
shut down for years. No it's not. No, it's not.
COVID is not the end of the world, and quite frankly,
the end of the world is gonna only happen one time,
So what are you worried about every single time? And
people will do unbelievably dumb things with their money when

(36:02):
markets go down, rather than saying, hey, gee, I got
a lot of high quality stuff here. Geez wow, things
are on sale. Maybe maybe I should take advantage of that.
Now Again, to basically follow these rules, you have to
stand in the face of the chattering classes and all

(36:23):
the people out there that are telling you, giving you
bad information, giving you bad advice. So you need courage
and you need patience. And if you can apply all that,
guess what. Guess what you will. It's not a matter
of if, It's a matter of when you will build wealth,

(36:44):
just that simple. Anyway, I gotta move on. I gotta
get into some of the ripoffs and scams and whatnot
from this week. I do want to touch on this
though the Fifth Circuit Court Circuit Court. It's an opinion
written by Judge Andrew Omen basically struck down. Struck down

(37:07):
basically almost the past four years of what the Securities
in Exchange Commission has been up to. Yep, again, we
railed against this here on the program where the sec
wants to force corporate boards to implement identity based diversity
quotas and all this other garbage with race, sex, sexual orientation, gender. Meanwhile,

(37:32):
people are getting ripped off and scammed all over the place,
and the Securities and Exchange Commission was actually worried about this.
So basically, the past four years of the SCC and
Gary Gensler has been a complete waste of your taxpayer dollars.
And again, the sec is my regulator. It's my regulator.

(37:55):
And yeah, I'm going after him right now. I think,
you know again, I thought my brothers are gonna kill
me for this, cause they can, you know, they can
do whatever they want. But the reality of the situation is,
shouldn't they be looking out shouldn't they be work looking
out for the individual investor out there? Shouldn't that be
their their modus OPERENDI, shouldn't that be their priority. We've

(38:16):
talked about priorities. You can't have priorities. You have to
have a priority, and the priority of the Securities and
Exchange Commission should be protecting American investors. And they fall
in woefully, woefully short. Man. I got a stack of

(38:36):
ripoffs and scams here, Ponzi schemes, you name it. You
know well, we're running out of time. We'll try to
get to a little bit later on in the program.
But again, I want to remind everybody, Okay, concerned about something,
question about an investment, somebody pitching you something that seems
a little bit off or a little bit shady. Ask
that's what we're here for. Get to our website, Watchdog

(38:57):
on wallstreet dot com, Watchdog in wallstreet dot com. Give
us a call eight hundred four seven one fifty nine
eighty four. We'll be back.

Speaker 1 (39:13):
Chris Markowski is the watchdog on Wall Street. Well, no
one altered investment banker, consumer advocate, analyst, trader. Chris Markowski

(39:37):
is the watch dog on Wall Street. Do you want
to answer exposing the lines and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom.

Speaker 2 (39:51):
You can't handle the true truth.

Speaker 1 (39:53):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (39:58):
Ladies and gentlemen. We're not here to indulge in but
in political and economic reality.

Speaker 1 (40:03):
This is the Watchdog law schools.

Speaker 2 (40:07):
Now. We started off the show today going after and
basically I wasn't going after shining a light on the
reality of our country's current economic situation where we're at
not good, and we've been highlighting this for a very
long time here on the program. With that being said,

(40:30):
I want to congratulate Argentina. I want to congratulate Argentina
and Javier Malay. They they've got no debt, they've got
their inflation was through the roof. It's lower than ours

(40:50):
at this point in time. They have a fiscal surplus
for the first time in one hundred and twenty three years,
one hundred and twenty they haven't had a surplus and
one hundred and twenty threes. And again, if you don't
know much about Argentina, to do a little homework on
it used to be one of the wealthiest countries in

(41:13):
the world until what oh, they tried this thing on
called socialism. Yeah, they tried this thing on called socialism leftism,
and again it was an economic basket case, a joke.
Look at what they have done in a year right now. People, Again,

(41:41):
I feel it. I don't know if you feel it.
I feel it. I feel it, my clients feel it.
And I have a lot of business owners clients, tons
and tons of small business owners from all over the
country and they feel great. They feel great, they're optimistic.

(42:04):
It's a how shall I put it, a mortgage Morning
in America type of attitude that we have right now.
Some people like to call it animal spirits, where people
are encouraged to go out there and do what we
talk about, what each and every one of us need
to do. Each and every one of us, we each

(42:29):
God has given each and every one of us a
unique talent, a unique ability. We need to ask him
to guide us, to help cultivate that talent ability and
to use it. Not to glorify God, but you glorified,
you're glorifying your country. You're glorifying you're helping your neighbor,
out building, creating, protecting, and teaching. That's what we need

(42:56):
to do. And you're seeing it. Oh, don't don't tell
me you're not noticing, you're not feeling, because I certainly am.
It's out there. It's out there what we need to
have happened. Okay, and we need to understand this. This
is something that we've gotten away from. It's unfortunately one

(43:19):
of the reason is we don't teach we don't teach
kids properly in schools about why why yeh, I noticed this.
You know with kids, kids that that that really intelligent
children always ask why why did that happen? Why was

(43:39):
that the case? Why? Why was there a great depression?
Why we don't do that and we don't teach these
things properly to kids, teach them dates, teach them out.
There was the president at the time. This is what
they implemented. But you ever asked us why? Why? Why? Why?

Speaker 1 (44:00):
Why?

Speaker 2 (44:01):
Why did Why is a great depression last ten years?
Why is it that we haven't had any really great, sustainable,
powerful economic growth since the Great Recession? Why when Barack
Obama was president? Why he took over, took over Great Recession?
Coming out of it? Why didn't the economy boom? We

(44:23):
don't ask these questions anymore. The reason why I'm gonna
tell you why government intervention, the government getting involved, and
it's our fault. It's our fault with too many Americans
out there look to they look to Washington, d C.

(44:46):
They look for others to solve the problem. All the
government can fix in Oh yeah, the presidents they run
on this. We're gonna come in and we're gonna repair
the economy like it's sums sort of house or engine
that you can repair. No, no, you can't fix it.

(45:10):
You know, the old Humpty Dumpty, all the king's horses
and all the king's men couldn't put Humpty together again.
They can't put the economy back together again. They can't
do it. What they need to do is get out
of the way. The great historical economist writer Amity Shales

(45:33):
recent piece that came out is past November talking about
it called the Economic Consequences of Populism and talks about
the Great Depression nineteen thirties, unemployment above ten percent? Why
how could this happen?

Speaker 1 (45:54):
You know?

Speaker 2 (45:54):
And the funny thing is that many Americans thought it
was like it was like the wrath of God coming
down on them. Can people tarrow is a dust ball?
You want to know why there's a dust ball. You
want to know why there was a dust ball during
the nineteen thirties. It was a man made, mean, government
made ecological disaster triggered by what the government subsidizing wheat

(46:23):
that encourage unsustainable plowing under of erosion resistant native plants.
That's what caused the dust ball. And then you got
the Great Depression, Tariff's acts that were just completely ridiculous
at this point in time that were a disaster and

(46:44):
the government getting involved in everything and anything. It's an
unbelievable read and I highly recommend it. But it reads
like today, it reads like what we've been going through.
You know, back back in a great depression government they
had all these Ivy League types, all FDR buddies. They're oh,

(47:05):
telling businesses how much they had to pay their workers,
what they could charge for their product, putting businesses under
the government needs to get out of the way. And
that's why that's why right now people are excited. This

(47:28):
is why people are excited for what's going to happen
moving forward, because we see some of that, that the
possibility behind that what Elon and Vivek are putting forward,
getting rid of government regulations, red tape, allowing businesses to
go out there and build and create. The government can't

(47:48):
fix things, okay. The government's job is to provide a
le level playing field, a rules based system that everyone
needs to follow. And the rules rules need to be simple,
easy to understand. I've always give that Steve Jobs Steve
Jobs interview back from the nineteen eighties when he was

(48:11):
making fun of the word processing software at the time,
word star. He's it's who's gonna use that? He said
that the construction manuals four hundred pages long. You got
to read a novel to write a novel. Well, how
about our federal registry, how about our tax code? Think
about people? Just the recent memory won't even go back

(48:34):
that far. Let's just go back to go back to
the Great Recession and around that point in time, think
about the government intervention that has taken place. Tarp bailouts,
auto bailouts. Remember Jim Kramer on CNBC yelling and screaming,

(48:55):
ain no nothing. They got to open up the discount
window he was taking out. He must have had a
position in bear Stearns. Bear Stearns was down five percent
that day. There's nothing wrong with allowing businesses to fail.
They should fail. We shouldn't bail them out at George W.
Bush up like bail out Fie automakers, and then Obama

(49:19):
put that on steroids. But now we bail them out.
Now we're starting to government's gonna tell them what to
do and what cars to make, and how to do
this and how to do that. Again. These are all
echoes of what took place during the Great Depression, same
exact thing. We know best, we can control it. We

(49:42):
gonna have a command and control economy. Isn't it amazing
to me? We're watching China basically fall apart right now.
It is, whether you want to believe it or not,
China is a mess right now. They're trying to figure
out what they're gonna do. They're talking about having a
massive amount of fiscal stimulus. They're thinking about devaluing their currency.

(50:05):
Why because they ran everything out of Beijing governments. You're
not They're gonna make poor choices time and time again,
every single time of tries. If you let the free
market decide, if you let the free market work its magic,
things happen the right way. I mean, you take a

(50:28):
look quick now, the disaster right now in the auto
industry here in this country. That's just country around the globe.
Nap you got you guys, were forcing you all you
gotta buy cars. We're putting down mandates, gotta have electric cars.
California's gotta be this by this point in time. You're
telling these businesses what to do. And again, uh, we

(50:49):
don't have the electric infrastructure, we don't have the charging stations.
You haven't thought this through, but it sounds really good.
And I went to an Ivy League school and I
want power. You know, these are people that are doing this,
these things. You do understand. These are people that have
never run a business. They never signed the front of

(51:10):
a check, and they're telling you they're picking and choosing
winners and losers. They're picking and choosing industries. They're telling
you what technologies to do, they're telling businesses how to operate.
Do you know how twisted that is? We eliminate that
people and this is why people are hey, they're excited.

(51:32):
I mean, if Elon and Vavec can get done twenty
percent of what they're looking to do, it is a
huge step in the right direction of bringing back that
dynamic economy that we have. People. I want to remind
you you went in the nineteen eighties, the market showed

(51:53):
almost eighteen percent a year a year, and that carried over,
that carried over into you know, through George H. W. Bush,
through Clinton, we stopped i mean turning the century people.
We had a brick wall here. We really did. The

(52:17):
younger people out there, you don't know, you have no
idea what we're capable of you have no idea what
it was like during the nineteen eighties, that type of optimism,
that type of feeling in the air. I'm feeling again.
I am, I'm encouraged, I'm excited. Animal spirits are back,

(52:42):
God willing. But you have to play your part. Two. Yeah,
we all do again. We can't look to Donald Trump,
can't just look to Vivek and he on. They're doing
what they need to do. But you need to do
what you need to do. Okay, you gotta be the
best version of yourself. You can't keep your mouth shut anymore. Okay,

(53:04):
you can't be afraid of being canceled. I can't stand
that nonsense. Stop being fearful. Go out there, build, create, protect,
and teach. Gotta take a break. Watchdog on Wall Street
dot com. Watchdog on Wall street dot com. That is
our site. To become a part of the Watchdog on

(53:26):
Wall Street family, our personal CFO program, our podcast, our newsletter,
all sorts of great stuff. Watchdog on Wallstreet dot com
or give us a call. Eight hundred four seven one
fifty nine eighty.

Speaker 1 (53:38):
Four Street the only man who is taking on the

(54:02):
Wall Street establishment. You are listening to the Watchdog on
Wall Street with Chris Markowski.

Speaker 2 (54:10):
Welcome back everyone. Already, I gotta talk a little bit
about this because this is what I'm concerned about. Okay,
It's my job to be concerned, and right now we've
been talking about this for some time. We have a
massive commercial mortgage problem here in this country. There are tons,

(54:36):
ungodly sums of bad mortgages commercial paper on the books
of banks around the country. Now again, I am not
a fan of the big Wall Street firms. I'm not
a fan of too big to fail. Where we're at today,
longtime listeners, No, we've talked about our watchdog on Wall Street,

(54:57):
access of evil, big business, politicians and the media work
in hand in hand. As it stands right now, the
delinquency rate for commercial mortgage backed securities that are tied
to office properties reached ten point four percent in November.
The peak was ten point seven percent, and that was

(55:22):
two thousand and eight, two thousand and eight during the
financial crisis. Outside of commercial twelve point six percent of
FAHA mortgage loans are delinquent. Twenty two percent of FHA
loans people with a credit score five hundred to six
nineteen are now delinquent. That's subprime. That's that's on our

(55:45):
dime as taxpayers. By the way, it's on our dime.
And quite frankly, sorry, I don't know about you, but
if you have a credit score of five hundred, I
don't think that the taxpayer should pay for your mortgage.
But that's that's the way it is. So what do
I see happening? What do I see happening right now?

(56:06):
I see what these types of numbers. I see an
issue for Donald Trump in the early part of his presidency.
I see banks coming out and saying, help help, I
need a life preserver, I need a bail out. Oh
my god. And then I see the media jumping all
over it. Oh my god, the sky's gonna fall, the

(56:29):
world's gonna end. This is terrible. What are we gonna do?
Do something, Do something, mister president. Bail us out. That's
their playbook. Hey, it did it work last time. We're glad.
Charm it worked like aun charm. Let me Teyson. Do

(56:51):
you think did anybody get in trouble to anybody? I mean, okay,
you had a couple of firms go out of business,
bear Stearns leaving Brothers. Some of the other banks got
taken over my old residency there on Long Island. The executives,
the old executives from Lehman Brothers. They didn't live far
from where I lived. Did they lose their home? Did

(57:14):
they lose anything at all? Now? No, these banks are waiting,
and they're smart. They're smart. They're going to say themselves, Hey,
you know what. You know, President's going to be early
on in his term, he's not gonna want to have
to deal with the crisis situation. They'll get the media
on their side saying do something, do something, fix it,

(57:37):
fix it, fix it, when they should just fail. Fore,
clothes for clothes on the commercial real estate, Let the
bloody price drop. Let somebody else come in and buy
it at a lower price. That is how it's supposed
to work. Oh, if there's the cold cruel world. No, No,

(58:00):
they were making a fortune making if they knew exactly
what they were doing when interest rates were low. The
problem is they know, they understand. If anything goes wrong, hey,
we'll go go to the government, go to treasure, go
to the Fed. We get a bail out. Let me
think about Silicon Valley Bank. Think about that for a second,

(58:26):
about how that got bailed. I mean I mean do
they ever do of Hey, where are the executives some
Silicon Valley bank? What are they doing right now? You
think that they're in any sort of problem, any sort
of trouble. Think it's any rip percussions. No, No, this
is part of the problem here, people. There needs to
be consequences for bad actors in business. We need to

(58:50):
stop putting this on the taxpayer dime. And again, this
is how they sell us a tous because they're hand
in hand with the media. Why wouldn't they be. They
spend a ton of money advertising all these television networks
out there. They own them, They own them. Oh yeah, yeah,
we got it. We gotta scare the hell out of
the American people. That's forced politicians in Washington, DC to

(59:12):
steal more money from the taxpayer to bail out these institutions.
Let them fail, Let them fail, And it's it's always
remember the palms. We were to Oh my god, if
we allow General Motors to fail, what's gonna happen? Beloney, Okay,

(59:34):
somebody will come along and put out a better product,
build a better company, build that better mousetrap. Watchdog on
Wallstreet dot com, Watchdog on Wallstreet dot com is our
site again. Become part of the Watchdog on Wall Street family,
personal CFO program, podcast, newsletter. You name it Watchdog on

(59:55):
Wallstreet dot com or give us a call eight hundred
four seven to one fifty nine eighty four.

Speaker 1 (01:00:02):
You're listening to the Watchdog on Wall Street, the only

(01:00:25):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 2 (01:00:34):
Bye. If we're going old school here, there's a watchdog
on what we have fun. It's a watchdog on Wall
Street Economic lesson. Our ECON classes here are fun. Fun.
We're going back in time, going back in time, going
back to the Obama years, and we did quite a

(01:00:57):
few shows, quite a few shows back then when it
comes to insurance and understanding what insurance is, and everything
we told you that was going to happen with health
insurance and healthcare here in the United States has happened.
It's happened. There was a great Chris Rock stand up

(01:01:20):
routine that he did and he was one of the
things I remember him talking about insurance and he said,
insurance is something you buy in case bad blank happens.
He's not wrong, He's not wrong. It's something you buy
that you hope you never have to use insurance. That's

(01:01:45):
why buy it. However, we've changed all of that. There's
no such thing that they call it health insurance here
in the United States. It's not health insurance. Now it's
obviously front and center right now over the the assassination,

(01:02:06):
assassination of a CEO in midtown Manhattan, United Healthcare and again,
what's going on here in the country. And you have,
in my opinion, what I like to call and again
it's my duty, as you know, the Catholic and Christian
you have you have to you know, you have to
pray for these people. You know, you have to love

(01:02:27):
the cinner, you have to hate the sin. But I'm
sorry right now these people are acting as societal cancer.
The Taylor Lorenz is the world. The h Elizabeth Warrens
out there. Understand why this CEO was killed? What assassinated?
This is a father, It's got two kids and a wife.

(01:02:53):
You you left us out there that say this. You
you people are so brain dead. You you want to
know why healthcare is so messed up in the country,
Look no further than Obamacare and what you did. Insurance
is based on risk. It's based on risk. It's just

(01:03:20):
that simple. We railed against We railed against the subsidized
government insurance when people live on the water. I call
it welfare for rich people. The government's subsidizing people's home
insurance when they live on the water. Nonsense. We shouldn't
be subsidizing people's insurance anywhere, any place anyhow. The entire

(01:03:45):
system is a mess because of this. How is it right?
Everything about this? How is it right? How is it fair? Now?
You take care of yourself, you're in shape, you work out,
you're doing the right things. You eat healthy, you don't drink,
you don't do drugs. But the person in the cubicle
next to you does the complete opposite. Yet your insurance premiums,

(01:04:07):
your health insurance premiums are the same. That's not insurance.
Insurance takes risk into account. Say certain certain jobs, if
you do a certain job out there, you can't get
life insurance because it's that type of a risk that's involved.
They're not willing to take it on. There has to

(01:04:30):
be a balance. What we've got going on right here
is in absolute disaster. You want to fix healthcare here
in the United States, Again, this is going to kind
of throw everybody off. Okay, if tomorrow tomorrow, let's say
I was king for a day and I said, you
know what, I'm king verday. We are eliminating Medicare, Medicaid,

(01:04:56):
and all private health insurance. It's gone. Obviously, it's like
a time bomb going off on the United States. What
would have to eventually happen, Well, first and foremost, all
the doctors and hospitals and healthcare providers would have to
readjust and start pricing their product based upon what people

(01:05:19):
can afford to pay. See, that's the free market. That's
how it's supposed to work. Do you know that the
United States of America we have the highest healthcare administrative
costs per capita. We spend here in the United States
over a thousand dollars per person a year on paperwork

(01:05:45):
when it comes to healthcare. At any given year, a
normal year, I don't spend one thousand dollars going to
the doctor over the course of a year. Maybe I've
definitely spent that on vitamins and supplements and whatnot. Over
a thousand bucks a year in administrative costs here in

(01:06:08):
the United States. Why you're trying to keep track of
all this not not to mention the fact that you
don't think that these healthcare providers. You don't think that
they know what insurance companies covering, what they don't cover.
You don't think that they have incentive. Oh he's got
that insurance. We know that. We don't that they'll let

(01:06:29):
their hospitals stay going extra day. Let's keep them an
extra day. We'll get paid on that they do. The
entire system is a racket. And again I said this
on the podcast. I blew people away at this point
in time. Again, in my opinion, what they wanted to do,
the original plan for Obamacare was to have a single

(01:06:51):
payer system. You want it, have it. I'm a kidd,
have it. Have a single payer system. Yeah, I don't
can put anybody metas care for all, but I allow
me to opt out. Allow people to opt out and
have their own private insurance. You want the government care,
have it, because that's basically what we have right now.

(01:07:14):
All these private insurance companies ballooney, they have to follow
all the government rules for crying out loud, Okay, I'm
covered just just in case, because government rules just in
case I get pregnant. Think about that for a second.
You want to know why costs is that high. This
is another reason why Watchdog on Wallstreet dot Com. Watchdog

(01:07:38):
on Wall Street dot Com is our site again to
come part of the Watchdog on Wall Street Family. Don't
go anywhere. We'll be backstas Christmas, Christmas.

Speaker 1 (01:08:07):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 2 (01:08:19):
Reality Check. No spoonful of sugar to make the medicine
go down, and it might defend people. The reality is
the reason why healthcare is so expensive here in the
United States is that this nation is unhealthy. I had
a wonderful dinner this past week with a long time

(01:08:40):
friend of mine and I'm not gonna name it up
this this person is highly accomplished, was a highly accomplished doctor.
I've still a doctor, moved on to going on and
helping hospitals basically become more efficient and get their books straight.
You know again, you'd know him. Let's just leave it that.

(01:09:03):
I don't like to name drop. And he was an
obgayn and he was telling me one hospitally he was
working on cleaning up out Colorado. They sent him to
an obstetrics conference, and he was actually thinking, you know,
because he's getting on, he wanted to think about getting
back into delivering babies because he loved doing that. And

(01:09:24):
he said, no way, he said, after going to this conference,
he said, there's no way I'm going to do that.
At the conference, and again he was shocked at the
number they told me. It blew me away. Right now
here in the United States, eighty percent, eight zero eighty
percent of pregnancies are classified as high risk. Eighty percent obesity, diabetes, alcoholism, drugs,

(01:09:58):
a myriad of things. I want you to I want
you get your arms around that. Who in the world's
gonna want to be involved in that visit? We're eighty
percent of pregnancies are now classified as high risk because
of health factors, the type of insurance you're gonna have
to have in case something goes wrong because they are
high risk. That's our fault, that's our fault as a society.

(01:10:27):
And again that's another reason why I'm optimistic. I'm optimistic
the fact that Robert if Kennedy's got a seat at
the table. They're gonna looking to make changes in the
way we consume, way we eat food. So we can
make the country healthy again. You want to bring healthcare
costs on Stay healthy. Watchdog on Wallstreet dot com. Watchdog

(01:10:53):
on Wallstreet dot Com. We'll be back.

Speaker 1 (01:10:57):
Chris Borkowski is the Watchdog Wall.

Speaker 5 (01:11:00):
Stories with those holiday bringing America financial freedom.

Speaker 1 (01:11:29):
One listener at a time. You're listening to the Watchdog
on Wall Street with Chris Markowski.

Speaker 2 (01:11:38):
Walk about everybody. It is the Watchdog on Wall Street Show. Yeah,
I have to address this too. That's one of the
things about this program and part of our what we
like to do here. It's not just it's not just
you know, build portfolios, are building and creating. It's also

(01:11:59):
protecting and teaching. We want we want to live our kids,
we want to live our grandkids a better world. And
we watched what happened this past week with this case
in New York and this this Jordan Neely who was

(01:12:19):
killed on a killed on a subway again, I was
killed on a subway. Daniel Penny was accused of manslaughter.
And and what the media did with this story in
twisting it and turning it and trying to pit pit
people against one another. I was I was disgusted. I

(01:12:44):
was really disgusted this past week quite frankly, when I
saw and again, I'm a very very compassionate guy, and
we all should be. He's all, and again I feel
horrible that Jordan nearly died. I do, and we should

(01:13:05):
all pray for his soul. Again, it is an absolute tragedy.
But what we miss here is how how did this happen?
How did this really happen. This didn't happen that day
on the subway. This wasn't add and nowhere that this happened.
This was decades in the making. And this is where

(01:13:26):
the media really screws things up. And I point this
out all the time, especially with you, when they do
economics stories, these woe is Me stories. The woe was
three journal out there, and I'm like, well, how did
people get to this point in time? Isn't that what's important?
So we see how they got to much as we
don't let it happen again. So you get the father

(01:13:50):
of Jordan Neely, he he he comes out, he comes
out this what's his name? His name is Andre and
he's up there. He's up there with the other race baiters. Okay,
the race baiting industrial complex, or you want to call it,
the civil rights industrial complex. It's it's Whitey's fault, it's

(01:14:11):
the judicial system's fault. And this was his quote. He said,
he's my son didn't have to go through this. I
didn't have to go through this either. It hurts, It
really really hurts. What's gonna happen to us? Now? I've
had enough of this? The system is rigged, cod people,
Let's do something about this. Jordan Jordan Neely, Jordan Neely,

(01:14:39):
you know, didn't become obviously somebody was mentally disturbed, a
drug addict and a criminal. He didn't. He didn't become
that overnight. Here here's his here's his father that's coming
out and saying this, Where were you, man? Where were you?

(01:15:01):
Were you? Were you there in your son's life? Ever?
Now you weren't. Where were you your son was arrested
over forty times, multiple violent offenses. Where were you? Where
were you when your son was abandoned in the foster

(01:15:24):
care system? Nobody there looking out for him? You know,
we as a mayor, we have to bear the responsibility
in the brunt of all of you bad fathers out there.
How dare you stand up there and point the finger
where were you? This is nonsense? Is what this is.

(01:15:53):
I have three children. Yeah, my son ones getting into trouble.
That's on me. That's a stain on my family, my
family's name. Okay, I bear responsibility. I have responsibility on

(01:16:14):
my hands. I've talked about this countless time, This whole
nonsense white privilege, privilege, that privilege blowny. That is the
biggest bunch of bunk ever. My kids are privileged. Damn straight,
they're privileged. It's parental privilege, is what it is. That's

(01:16:34):
the difference. That is the bottom bottom line. That's what
the media won't talk about. They're afraid to talk about.
We're not afraid of anything here on this program. It's
parental privilege. You have two parents in a household, You
have parents that care about their kids, that teach their

(01:16:54):
kids honor, respect, fear of God, all of these things.
You're not going to have these problems. Jordan nearly wouldn't
have been killed that very day on that subway if
you were doing your job as a father. Okay, that's
on you. You want you want to play point the
finger at yourself that that is a major problem we

(01:17:20):
have in our society. Again, we think that we're gonna
throw more money at this problem. People say, oh no,
if he only had a home, he did. They gave
this kid a home. It was part of the deal
that he cut after he got arrested from knocking out
an elderly woman. They said, hey, we're gonna give you

(01:17:40):
a home. These people need help. They can't handle a home, buddy.
San Francisco Chronicle did a piece this past week about
the millions upon millions upon millions of dollars that is
spent on homelessness and in San Francisco for what, they
can't handle it. They can't even handle that living environment.

(01:18:01):
These people need to be in hospitals for crying out
loud again. We like talking about things we like. We
like placing blame on random little things, throwing racism out there.
That's easy, that's the easiest thing to do. It's much
much deeper than that. And until we get our arms

(01:18:22):
around that, until we can admit that problem is not
gonna go away anyway. Watchdog on Wallstreet dot com, Watchdog
on Wallstreet dot com, don't go anywhere. We'll be back.

Speaker 6 (01:18:39):
Since salutorjio, you're listening to the watchdog Dog Wall Street.

Speaker 1 (01:19:07):
Well known author, investment banker, consumer advocate analyst trader Chris
Morkowski is the watch dog on Wall Street? Do you
want to answer exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom. You can't

(01:19:29):
handle the true bringing America the truth about what really
happens in the financial world.

Speaker 3 (01:19:35):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (01:19:40):
This is the watchdog on Wall Streets.

Speaker 2 (01:19:44):
Yes, it is welcome everybody. I want to have a
little fun here. To start off the third hour of
the program. I was I was shocked by this. I
really was. If we're a game show right now and
they would ask the question, could you could you name

(01:20:07):
for me? The name for me the most American made cars?
The most American made cars. That means the cars that
were not only just assembled here in the United States,
but parts coming from the United States. This blew me away.

(01:20:27):
Blue Way. UH Tesla takes the prize. UH Tesla's Model
three eighty seven point five percent of domestic content. Then
they have a tie number two Tesla Model Why Long
Range and the other Tesla Model why Tesla number three
is a Tesla cyber truck. Number four Tesla Model S,

(01:20:49):
Tesla Model X. Then we got a tie. And fourth
you get the Ford Mustang g T five Honda Honda.
That's that's right. Japanese company Okay is the fifth most
American made Kahana Passport. Number six Jeep Wrangler. Again, Jeep Wrangler.

(01:21:11):
That's also a foreign company. Now Jeep is owned by Stilantis,
which is out of Holland. Then there's number seven Volkswagen
Volkswagen ID point four German. Then that's tied. You got
a Chevy in there, you got GMC in there, then
you got another Volkswagon. Basically most of the cars here
on this top ten list it's still owned by foreign

(01:21:34):
companies but made here in the United States. It's fascinating
how that works. So reason why I bring this up.
One of the things that's we've talked about here on
the program, which I really I disagree with. I don't
know if it's just politics right now, I don't I
don't know if that Donald Trump is playing politics. I
don't understand because again he mentioned this past week, you

(01:21:55):
wanted to have this if you invest a billion dollars
in America. We're going to expedite regulations and you know,
help you, you know, get your business up and going
as quickly as possible. Well, I mean, what's the problem
with nip On buying us steel? Then I'm trying to
get my arms around that. Unless it's just for public consumption,

(01:22:17):
we'll find out. This time of year, this time of
year actually from Thanksgiving through the holidays is a group.
It's not a very good time for taxpayers. It's not
a good time for taxpayers. It's just a bad time
for for all of us in general when it comes
to rules, regulations, government spending. I remember Neil Boort's back

(01:22:40):
on his television show You So Crack jokes talking about
you know, once you once you get past Thanksgiving, everybody's, oh,
it's not working that hard or like half donkey mode.
They're at work, But not Washington, Washington. They use this
time because the news media is not paying attention. They're
not paying attention to what they do in Washington, DC.

(01:23:01):
This is where omnibus spending bills get passed. This is
when ridiculous regulations get shoved down throats because no one's
paying attention, no one's there. They're lost on this. And
again we've already got this already eight hundred and ninety
five billion dollar Defense Authorization Bill YEP, eight hundred and

(01:23:22):
ninety five point two billion dollars. This is for the
Defense Department that what can't pass a damn audit. They
can't pass a damn on And you want to know
what the cherry on top is with this. They're getting
an additional five billion dollars in what they're asking for.

(01:23:43):
And again this is both Republicans and Democrats. You want
to get donkeys and elephants, you want to have them
playing really really well together in the sandbox, give them,
give them a defense appropriations bill. They love that stuff.
And again you take a look about what you know

(01:24:03):
Pete Hegseeth is looking to do and what Elon and
Veck are looking to do. You know what was funny too,
was that the senators, the senators that have shown opposition
to Pete Hegseth, do you want to know what they
have in common? Oh? Yeah, Boeing and Lockheed Martin are
their biggest donors. Couldn't make it up an interesting story

(01:24:29):
this past week, A person that most certainly both certainly
I have made fun of quite a bit over the years.
Quite a bit. Actually he first took his job at
the New York Times. It was the same year we
started this radio show, Paul Krugman. But he made it

(01:24:51):
so easy, and he was such an I mean, I
almost felt bad doing it on the program sometimes with
some of the nonsense elitist crap that he would put
out on his New York Times piece. But never, never
has I've ever seen an economist be so wrong so often.

(01:25:16):
I was one of the latest things I remember we
were making fun of. It was last year here on
the show, and he was about inflation, and he's like, oh,
it's not so bad. I met the grocery store and yeah,
a bill was high, but you know, I forgot. I
bought a bottle of Scots too. I'm like typical elitist.
He's a Princeton economics professor. And it's just a trail,

(01:25:41):
a trail of really dumb things over the years. But
you know, it's funny. It's funny you read, you know,
because he's leaving, he's got his twenty five years the
New York Times. They have to have the obligatory other
columnus at the Times. You know, seeing his graces and
how wonderful he is. And it read it read like
almost like you know, you'd be telling a kid who

(01:26:02):
really stunk all the young child at basketball, but you
tried real, real hard. Anyway, Ah boy, I want to
talk about this as well. It's more about expenditures. And
again shame shame on the media as well, completely forgetting

(01:26:24):
what's happened, what's taking place in North Carolina in the
wake of the hurricanes and people living intent still in
freezing conditions. But it's not like we can't fix the problem.
And Joe Biden, Joe Biden's he's giving away cash this
past over the past seven days, he pledged a billion

(01:26:46):
dollars to Africa, another billion dollars for Ukraine, and he
basically he hey, whatever you want, blank check, blank check
for Syria. Understand how messed up that is a blank

(01:27:07):
check for Syria. But we'll get into that in a
little bit. And you know, it's something I also want
to recommend people do from time to time. There's a
there's a station out there, you got to find it.
Find it online, might be on your your streaming service
out there. It's called c SPAN. It's all Sea span

(01:27:27):
and you can see what Congress is not doing in Washington, DC.
And I flipped on C Span this past week, and
again you've got people living intense. The devastation is horrible
in North Carolina and other places as well. Yet I'm

(01:27:48):
watching them. I'm watching Congress discuss discuss renaming a post
office in Baltimore. This is what they do. This is
not our time. Yeah, they're having a a big thing
there where they're they're talking about renaming a damn post
office in Baltimore. Okay, I'm gonna put that in my will. Okay,

(01:28:09):
I'm gonna put that in my will. Never ever, ever, ever,
ever name a government building after me. I will take
that as a personal insult if you name a government
building after me. I remember I talked about this maybe
about happen to be about twenty years ago on the program.
All these these buildings and roads and bridges that are

(01:28:31):
named after politicians in honor of this politician, in honor
of that politician. And I'm saying to myself, I said,
Partition didn't pay for that bridge. They didn't pay for that,
but they didn't pay for that road, they didn't pay
for that post office. And i said, we need to
have some sort of rule that you know that not
a single road bridge government office could be named after

(01:28:53):
any politician un to at least twenty five years after
they're dead. I mean, for crying out loud, we make
uh yeah, you gotta you gotta leave baseball. It's five
years after you retire before they elect you into the
Hall of Fame. Anyway, a little bit from the doge
right here, Elon and Vivek have caught onto something that
we've highlighted here on the program, just how backwards everything is.

(01:29:20):
The federal government's computers and software are in such bad
shape that they cannot verify that payments are not fraud, waste,
or abuse, that they can't identify they the computers literally
do not know where your tax dollars go. Elon actually volunteered,

(01:29:43):
he says, I'm going to volunteer. He's going to volunteer
to be the volunteer IT consultant to fix the IT
infrastructure to make government work. The only the problem is
for Elon is that there are government contractors that actually
so all they do is make floppy discs for the government.
Oh yeah, yeah, yeah, yeah, yeah yeah. The government still

(01:30:05):
use floppy discs. And I'm not talking I'm not talking
those plastic ones because they call them floppy disc for
whatever reason it may be. Back in the nineteen nineties.
I'm talking the old remember the square black ones back
from the eighties. Yeah, government computers still still use those things.
You said, where and what would you buy that? Oh

(01:30:25):
you can't. But there's somebody still making them and still
getting paid just to supply the government. And I'm sure
that individual is cutting a real, real nice check to
whatever politician, whatever district he's in to make sure that
that contract keeps going. Yeah, if the government. And again

(01:30:45):
I used to again come back my early years on
Wall Street back in the nineteen nineties, and I was
evaluating companies, investment, banking and various different prospectives that would
come on my desk. Be a pile of them, especially
again during the ninety nine there's tons of them. And
I had to think about I want to go back
and think about it. If you think about some of
the dumbest businesses, dumbest businesses that got funded back in

(01:31:10):
the nineteen nineties, and there was a lot of them.
There was a lot of them. Again, because I explained
this last week on the show Wall Street Will, They'll
sell you anything you're willing to buy, And at that
point in time, the public was willing to buy anything
with a dot com attached to it, anything, anything, And
Wall Street would work with their buddies at CNBC to

(01:31:33):
make sure that the CEO the goatee, you know, the
CEO with the goatee. They were really kind of eccentric
CEO that had, you know, they had a foosball table
in the break room, make sure that they would get
on to tout their garbage company, one after another after another.
And I actually gave it a thought past I said,
what was the one of the worst companies that I

(01:31:54):
saw that they wanted to get our clients and invest in.
And again that's why I didn't. I didn't last long
in that area of the business because I was like, no, no, no,
going out of business, going out of business. And they
were like, Chris, you don't understand, doesn't matter no matter
they're going out of business. Can you sell it? And
I'm like, yeah, I'm not a crack dealer. Okay, basically

(01:32:16):
that's what Wall Street can be. It's like legal crack dealing.
If you will you get people addicted to the various
different industry. But that's a story for another day. But anyway,
I think I was thinking about to Kozomo. Cosmo was
a company and this guy, oh, the CEO, he worked
at Goldman Sachs. You know what this company did. This
company did deliveries. It did it did deliveries of movies,

(01:32:44):
movies to people's houses and ice cream. Yeah, yeah, yeah, yeah,
this was it. Go look it up. If you don't
believe me. This was a touted company. Oh it's on CBMC. Wow,
look at it. You wou you would actually return. They
would have deposit boxes in certain cities New York and
some of the bigger cities of the countries where you
return the VHS tape or DVD to this little drop box.

(01:33:07):
And I'm saying to myself, ridiculous valuation. How in the
world is this company ever gonna make money? It was
one of the dumbest things ever. You can look at
that company. And I'm telling you right now, our government
is worse. Our government has a worse model than Cosomo.

(01:33:28):
For crying out loud, anyway, take a break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com. We get back. Yeah,
we haven't talked talked much foreign policy, and we have
to in wake of what's taking place in Syria. It's
a very very important, again, very different take than what

(01:33:50):
the mainstream media has given you, that's for sure. Watchdog
on Wallstreet dot Com is our site again, our personal
CFO program, our podcast, our newsletter, Watchdog on Wallstreet dot
com or give us call eight hundred four four. You
might even say a glow.

Speaker 1 (01:34:19):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog and Wall Street with Chris Markowski.

Speaker 2 (01:34:28):
Welcome back, everybody. So I we have to talk about
this because again we're being lied to again and again
that's nothing new. It's a mainstream media perpetually pushing lies
upon the American people. And again I'm sorry. We're an

(01:34:49):
equal opportunity basher. Here on the program, we go after
both sides. I'm not a member of any political party,
and there are call them neo cons, you want to
call them warmongers, on both sides, on both sides. Now
Syria falls, Syria falls, Asad leaves, and right away, right away,

(01:35:15):
the mainstream media starts putting out pieces where how Siriou's diversity.
This is an actual article, Syria's diversity friendly GI hotties
are planning on building a state. And I saw this
and I'm I'm again it Michael Corleoni, godfather. Want insults

(01:35:38):
my intelligence and hopefully it insults your intelligence. This is
the same media that has led us into one war
after another, war after another war, cheerleading whatever whatever Washington,
DC wants. We're told that they are are diversity friendly

(01:35:59):
GI hotties that are taken over. Then I then I see.
Then I see Republican Representative Joe Wilson on Fox News
on Baisana Fox Report, on the Fox Report, and he's
talking about the rebels and they taken out Basher Asad
and he is saying that this is so significant. He says,

(01:36:21):
the ripple effect for this is gonna be remarkable. It's
truly the equivalent to the Berlin Wall. What again, this
guy is insulting our intelligence. This is the same crap
that they told us. Yeah, we're going into Iraq and

(01:36:43):
they're gonna they're gonna treat us as liberators and they're
gonna love us and the Arab spring and oh look
at that, Kadafi's gone and everything is gonna be fantastic.
Lie after or lie after, lie again, wrap your arms

(01:37:06):
around this. Okay, we're applauding this. Joe Biden again, it's
Joe Biden. He gave an incoherent speech after this. Who's
reading off a telepromperty and you couldn't even understand what
he was saying. The person running Syria, and we're like saying,
this is great, this is awesome. Everything's taking place right now.

(01:37:27):
Happens to have a ten million dollar bounty on his
head currently. I don't know if we've taken it off.
Since he is a terrorist according to our government, and
he's now in charge of Syra, we have a ten
million dollar bounty on his head. They're not putting this

(01:37:50):
out there. They use other names for it. You do understand,
you do understand that al Qaeda al Qaeda is in
charge of Syria. Now for some of your younger people
out there, again, I don't know how much you know,

(01:38:11):
or I don't know what they're teaching in schools when
it comes to nine to eleven. Al Qaida was responsible
for nine eleven. The Taliban allowed them to operate within Afghanistan.
Al Qaeda, who was responsible for nine eleven speaking slowly here, okay,

(01:38:39):
now runs Syria, and we are being told that this
is a good thing, that this is somehow a good thing.
You know, I thought about it for a little bit.
You want to think about something really sick. Syria has
a national airline, Syrian Airways. Syrian air is a national airline. Basically,

(01:39:02):
they can rename it al Qaeda Airlines. Think about how
sick and twisted this is. This has been the foreign
policy of the United States going back twenty five years.
Great success, Right, gotta take a break. Watchdog on Wall
Street dot com, Watchdog on Wallstreet dot com. Don't go anywhere.

(01:39:25):
We'll be back.

Speaker 1 (01:39:39):
Chris Markowski is the watchdog on Wall Street. This is

(01:40:03):
the Watchdog on Wall Street.

Speaker 2 (01:40:13):
Welcome back everybody. We've made We made many many bold
calls here on the program over the past twenty five years,
and then some and I pray that I'm wrong type
of calls and the things we talked about. I pray

(01:40:36):
that I am wrong. I this. Yeah, I'm thinking, like
I said, I'm trying to get my back. I'm sorry.
I I what they're trying to push on us right now,
I mean al Qaeda head choppers, barbarians, get for you younger
people out there. This was a This is back in

(01:40:59):
the early part of the War on Terror, al Qaeda
cutting off the head of the Wall Street Journal reporter
Daniel Pearl. Again, I nothing from the Wall Street Journal
on this. I mean, the group that cut off the

(01:41:19):
head of one of your reporters and and streamed it
for the world to see, is now running a country.
Not a peep, not a peep. It's it's again. It's
like the Jedi mind trick. You know, there's not the
droids you're looking for. They expect us to just go
along with all this stuff. I had several several New

(01:41:41):
York Times headlines sent to me from over the years.
December seventh, nineteen ninety how to choke Iraq. January thirtieth,
nineteen ninety eight. Bombing Iraq isn't enough. December twentieth, nineteen
ninety eight. American bombs make Iraq stronger. Here's one from
April twelfth, twenty thirteen. Bomb North Korea before it's too late.

(01:42:05):
August twenty seventh, twenty thirteen, bomb Syria even if it's illegal.
This all New York Times and is March twenty six,
twenty fifteen, to stop Iran's bomb bomb Iran. That's of course,
John Bolton. There these are people like doctor Strangelove on

(01:42:26):
steroids for crying out loud. All right, people, this is
your tax dollars at work. I mean, think about think
about Afghanistan. We go in, supposed to go after al Qaeda,
We decimate al Qaeda. George Bush decides that he wants

(01:42:46):
to be the next Thomas Jefferson for Afghanistan, and he's
gonna flip the Taliban and turn this society all around.
We're there forever what twenty twenty one years? How'd that
work out? Taliban is still in charge. Not only that,
they've got billions of dollars of our weapons. How about Iraq?

(01:43:11):
Oh we're going to be treated as liberators right who's
running Iraq? Right now? Iran? How'd that work out? How
many people were killed? Libya? Oh? Yeah, Hillary Clinton's family
we came, We saw he died talking about Kadafi. Libya

(01:43:31):
used to be used to be He used to have
the highest per capita GDP in all of Africa, in
all of Africa. We wrecked it. There's open air slave
markets in Libya. Yeah, Libya and Iraq. That's kind of

(01:43:55):
where isis got kicked in Tigear. I've got mass floods
of immigrants coming from Libya into Europe, Syria, Ukraine. All
of these things that were told were lied to again
and again and again, and the media is not even
covering it. You can go online, you get they're already

(01:44:19):
telling you. First and foremost. In Syria, all of the
women judges have been fired. All the women judges have
been fired. They can no longer work anymore. I actually
go on just to look to some of the various
different churches and parishes and groups, the Orthodox, Catholic, Coptic

(01:44:42):
within that region. They're scared out of their mind. They again,
we need to be praying for these people. At this
point in time. You already had a taliban and a
mosque come out and congratulate the new group that's running
the show. Oh oh yeah, yeah yeah. Last, but not least,

(01:45:02):
they were showing videos. Okay, I got video of inside
various different government buildings talents of cash, talents of cash found.
And I didn't think anything of it. And I had
a buddy of mine say, Chris, Chris, they had the
you know those QR codes. There's like a piece of

(01:45:23):
paper on the signs that pallet cash has a QR code. Chris,
use your phone, put it on a QR code. See
what pops up. It popped up none other than the
Federal Reserve Bank of New York. Don't believe me, Go
see for yourself. Watchdog on Wallstreet dot com. Watchdog on

(01:45:46):
Wallstreet dot com is our site again. Become part of
the Watchdog on Wall Street family, our personal CFO program, podcast,
our newsletter, all sorts of great stuff Watchdog on Wallstreet
dot com. Or give us a call eight hundred four
seven one four.

Speaker 1 (01:46:05):
Glad greeting that we send from the land bringing America

(01:46:25):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Morkowski.

Speaker 2 (01:46:34):
Maybe maybe could be God willing, a God willing people
are waking up from their slumber for years here on
the program, I you know, begging people, you know, to
It's like Plato's cave, you know, people spending their entire
lives with the truth, you know, the the light behind them,

(01:46:54):
and they're just looking at the shadows on the wall
rather than turning into the light. And I hope people
are tuning this stuff out I actually saw CNN's ratings
right now, are losing to the Food Network and the
Hallmark Channel. Think about that for a second. Losing out

(01:47:18):
to the Food Network and the Hallmark Channel. I amazing stuff. Anyway, Um,
I want to talk. This is again advice. Let me
give some advice right now because more and more companies
this is important. More and more companies are saying, listen,
we want you back in the office. And for whatever

(01:47:42):
reason it may be, people are pushing back on this,
and again this we're going to kind of direct this
also as well to some of you younger people out there,
you need to be in the office. You do okay,

(01:48:02):
I'm sorry, I'm sorry. You are good. Your productivity is
not the same when you're home. It's just not unless
you get to a certain point in time and you're
able to handle it. But it's not just that. It's
not just that, it's the people you're going to be around. Okay.
You need to be mentored. You need to find a mentor.

(01:48:25):
Mentors can open doors for you. John Lefever had a
great peace on this this past week. Having face time
with people that matters. They notice when you're there, trying
to spend as much time around the boss as you
possibly can, learning from them. Not to mention the things

(01:48:47):
that go on after work. I know what that time
of year, office, Christmas parties, Listen people, happy hours, cocktail hours.
Parties are great places to learn and interact with people.
You come up with things, grievances or aired, solutions are found,

(01:49:07):
and you get to know your colleagues a little bit
better again, going through embracing the suck together, the long nights,
the late nights, the dinners, the things that you have
to go through together that bonds you with other people there.

(01:49:27):
Not to mention them. Man, here's a bit of advice too. Okay,
you dress for success. This business casual nonsense. Now, now
you choose not to participate and A and that and
this is two guys out there. Okay, it is never okay,
I'm sorry, I'm sorry. I mean with James Bond, wear

(01:49:50):
sneakers with a suit. No, no, you're not on the
NFL today doing the pregame show. Okay, And I think
that looks ridiculous James Bond, Like I said, James Bond
would not wear sneakers with the suit. Don't do it. Okay,
dress for success. You'd be surprised on how that's gonna

(01:50:12):
work out, not to mention being in the office. Okay,
showing that guess what you are gonna add to the
bottom line? That does what? That's a hell of a
way to get job security. Kids. Again, just some advice,
some advice throwing out there again, people pushing back events,
returning to the office. Nothing wrong with it, especially if

(01:50:33):
you're younger. Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot com, We'll be back.

Speaker 1 (01:50:41):
You're listening to the watchdog on Wall Street taking Wall

(01:51:06):
Streets liars, crooks and cheets out behind the woodshed. You're
listening to the Watchdog on Wall Street.

Speaker 2 (01:51:18):
I don't even got a chance to see this quickly.
In this story, Anthony Blincoln, the Secretary of State of
the United States, who has been dodging Congress, dodging Congress
since the whole Afghanistan withdrawal, refuses to report now again.
He's almost on his way out the door, decides to
show up and says with a straight face that the

(01:51:41):
withdrawal from Afghanistan made America stronger on the world stage.
He actually testified to that I'm so sick and tired,
I really am of these stupid hearings. What is the
point besides sound bites? What is the point all you

(01:52:02):
do is you just tick us people off here in
the real world, Why is anything gonna happen? No, oh,
you held your hearing. That's great again. Another politician's gonna
go up there and gaslight us again and again and again.
Fantastic and hardly Wait anyway, I got another media story

(01:52:24):
for you again. This actually happened this past week, and
quite frankly, I don't know how you come back from this.
It's kind of like the new Jaguar ad. I don't
know how Jaguar comes back from that ad. I mean
bud Light bud Light. I knew. Over time, you know,
they start changing their commercials, doing some different things where
they got Shane Gillis doing some ads. Yeah, gonna work

(01:52:47):
their way back. Jaguar, I think they're done. I don't
see how they come back from that. But anyway, I
don't know how Reuter's comes back from this. This actually
happened this past week. Big big news company, Thompson Reuters
based out of London, a Canary Wolf. There's a great,

(01:53:08):
great website that I thoroughly enjoy. It's called the Babylon B.
The Babylon B, these guys are phenomenal. It is a
phenomenal satire site. So the Babylon B put out a
story again satire, and in this the satire piece they stay.

(01:53:33):
A recent poll conducted by the University of Oxford just
revealed that alo akbar has officially replaced cirio as the
most popular greeting in the UK, adding that experts call
the results of their survey a flipping landside oh bean Now.

(01:53:54):
The editor of The Babylon Bee, a satire site, shared
this on x. Reuter's fact checkers reached out for comment
on this alo Acbar replacing cheerio mate in the UK.
He says I tried to help him out, and then

(01:54:15):
he showed the screenshots of the conversation. The message reads,
I'm contacting you from the fact checking desk at Reuter's.
We investigate false and misleading claims spreading on social media.
Our fact checks can help curb the circulation of misinformation.

(01:54:36):
What by going after satire? Well did Reuters go to
fact check? I don't know, Monty Python two. The message continues,
We're currently looking into a claim that sharing a Babylon
B article says alu Akbar has officially replaced cheerio mate

(01:54:58):
as the most popular greeting in the UK. I've paceted
it for your convenience. We planned to write a fact
check to set the record straight. It's clearly a satirical article.
But I'm reaching out to you. Should you wish to
challenge this or comment in the fact check article, please
get in touch if you'd like to. The Rutter's fact
check guy is saying it's a satirical article, but he

(01:55:21):
still wants to fact check it. Now, let me ask
a question if rather a lu akbar, if they said
praise Jesus, do you think they would have fact checked it.
N Probably not. Anyway, here's a bit of a check
mate for you. So kudos goes out to the actor

(01:55:43):
James Woods on this one. So Boston Children's Hospital says
kids no. In essence, no, no babies. According to the Left,
this would be a fetus would know whether they're trans
from the womb, from the womb. Boston Children's Hospital said,

(01:56:08):
kids know that they are trans and if it's from
the womb then hmm, let's let's think a little bit
deeper on this. And this is the courtesy of of
of James Woods on this one, Well, well then that
then you can't have abortion, can you. It goes against
your argument that you know that they're not a human being.

(01:56:30):
It's the point that they know, they know that they're
trans from the womb. It's checkmate right there. Anyway, we
had this past week, and this is the lunacy of
today here in this country. And I did know what
this was. Last week here on the show we talked
about all of the days, all of the days that

(01:56:52):
the alphabet people have. They've got lots of days, lots
of days of the course to here, and I don't
know what this is. It's past week and and this
is coming out from your government Health and Human Services
today on pan sexual, Panromantic Pride Day. Everyone deserves to

(01:57:13):
feel seen, respected and supported, no matter who they love.
Create a world where everyone feels proud to be themselves.
I was afraid. I don't even know what those two
terms mean. I honestly, I have no idea what they are.
And I'm gonna be honest with you. There was no
way I was googling that. I don't want that to
mess around with my algorithms for crying out loud freak

(01:57:36):
me out now, not to mention the fact that it's
now getting into the spelling Bees. You have these scripts
national Spelling Bee competitions, say third graders can now spell
the word woman either wom e n or wom y n.
Right right, sure thing anyway, guys, one full time again

(01:58:00):
today again. You want more Watchdog on Wall Street, More Markowski.
Every single day I'm putting out podcasts. Sign up for
our podcast on our website at Watchdog on Wallstreet dot com.
It's available on everyone out there, Spotify, Apple, you name it.
Also become a part of our family, our personal CFO program,
Watchdog on Wallstreet dot com. God bless and we'll see

(01:58:23):
you next week.

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Watchdog on Wall Street: Podcast for Weekend of December 14 - December 15 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 December 14 - December 15 2024