Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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):
Oh, that's just what we need. Another warning label. Yep.
Let's say government's good at warning labels, good at warning
labels and brochures from Pueblo, Colorado making sure that you
brush your teeth the appropriate amount of time. So anyway, Yeah,
the Surgeon General Vivek Murphy, Yep, he was basically saying
(00:41):
it again. He recommends that alcohol be distributed with cancer warnings.
Cancer warnings again. I laugh at these nonsensical things. First
and foremost, does anybody think at all, think at all
(01:07):
that a label on a bottle of vodka or a
can of beer is going to stop anyone from drinking?
Did anythink that will? Really? Anyway? The report warns that
for some cancers, evidence shows that this risk may start
(01:27):
to increase around one or a few drinks, fewer drinks
per day. And the word there is may. May Again,
there was the old thing everything in life in moderation.
We all know that, you know, the problems with heavy drinking.
That's been well documented and with a d it's an
(01:50):
entire industry around that. There's a lot of things that
are bad for you if you do it in excess.
So uh again, they're now claiming that alcohol use, not
only abuse, is a leading preventable cause of cancer in
(02:10):
the United States, contributed to nearly one hundred thousand cancer
cases and about twenty thousand cancer deaths each year. Again,
this is based models. They got models associations from cherry
picked observational studies. But even the report partially attributes only
(02:32):
seventeen percent of these estimated debts to be moderate drinking.
Of the six hundred and nine thousand cancer deaths, this
would mean moderate drinking contributed to thirty four hundred, or
about zero point six percent. Again, okay, does anyone actually
(02:56):
believe this? But again, you take a look at this
guy's record of bs as a surgeon general. His twenty
twenty to report on workplace mental health. Alissa Finley Wall
Street Journal, she's a great columnist for them, put out
a piece today forgot about this. This was informed by
(03:22):
the voices of many workers and unions. The report claimed
that jobs are a key cause of mental illness and
chronic stress as more and more workers are worried about
making ends meet. His solution require employers to provide paid
family leave and an equitable, stable and predictable living wage
(03:45):
before overtime tips and commission. They had a surgeon general here.
He also advocated increasing the minimum wage as a way
to reduce the suicide rate, as well as mitigating harmful
impacts in the work environment with d e I policies. Again,
he also prescribed similar nonsense on his epidemic of loneliness
(04:11):
and isolation, which it says came to the forefront of
public consciousness during the pandemic. And meanwhile, he was part
of that whole lockdown culture. I can go on and
on and on, but listen, Okay, we have warning labels
on everything, and some of them they're funny to look at,
(04:32):
and you know, quite frankly, I get it. We live
in a litigious society and many companies, you know, just
want to cover their buttocks, you know, warning warning coffee
may be hot in cup. But come on, people, are
you serious. You're gonna You're gonna really force these labels
to go on every bottle out there. It's going to
(04:54):
do absolutely nothing, nothing and just throwing this out there.
You know, quite frankly, what about warning labels on foods?
You think that that eating the wrong way that's gonna
be next eating You're gonna put a warning label at
(05:16):
you know, some of these fast food joints. Eating too
much McDonald's or too much pizza or too much Ben
and Jerry's ice cream could lead to obesity, which could
lead to I mean, you know, it's it's one of
the things that you know, I kind of appreciate going
to places the world that are less litigious or less
(05:40):
in nanny state when it comes to items like this.
You go to Europe in particular, in many places, but
I said, I'm a little bit more familiar with that,
like to going on hikes and you know, various different things.
A lot of these hikes that you can go on,
you wouldn't be able to do them here in the
(06:00):
United States. There's not a lot of protection. There's not
a lot of guardrails. It's kind of like, you know,
at your own risk, at your own risk. You know,
there's no no need to put up a warning don't
stand too close to the cliff, okay it, you know,
kind of you know, be you know, conscious of what
your abilities are be able to do. You can handle
(06:22):
the walk, handle the walk. I mean, why don't we
have to ruin it with warning labels and signs. You know,
at some point in time we have to all be
responsible for our own actions. Do do you do you
think someone who is lying on their their deathbed. Let's say,
(06:42):
if someone again this is you know, it's it's it's
a horrible picture here. Somebody's got a form of cancer.
Maybe they got it from drinking too much alcohol throughout
their entire lives oncet. You you know, ask that person
a question. If there was a warning label on the
you know, the beer can or the bottle, would that
have stopped you? They're gonna say no. Watch Dog on
(07:04):
Wall street dot Com