January 9, 2025 • 17 mins
Chris delves into the devastating California fires, emphasizing the importance of personal responsibility and proper forest management. Drawing from his own experiences, he critiques the lack of controlled burns, insufficient reservoir management, and the challenges posed by environmental regulations. Highlighting leadership issues and the risks of living in high-risk areas, Chris explores the role of governance, individual choices, and the natural cycle of wildfires. www.watchdogonwallstreet.com
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Transcript
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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Situation in California devastating, heartbreaking. We've got clients, friends that
live in the area. But that's it's not gonna stop me.
Speaker 3 (00:36):
Again.
Speaker 2 (00:36):
I've had conversations with these people. They know, they know
I want to talk about the California fires and personal responsibility.
Speaker 3 (00:50):
I'm gonna twist a.
Speaker 2 (00:52):
Little bit into my own experience. When I was living
in bringing in New York on Long Island, lived in
a pretty that was forest area right right near the water,
a lot of trees. Now, we really don't have to
(01:12):
worry about forest fires. Don't have to worry about forest
fires there. Think it's pretty wet all the time. But okay,
you get big winds and trees come down, and you
know it happens. People get killed with trees falling on them.
And when I moved into, uh, moved into my first
(01:35):
house there. I had two houses there, uh, one of
the first it was maybe the first month I was there,
there was a storm and I woke up the next
morning and a massive tree was across my driveway, across
my driveway, and I said, yeah, if my kids, my
(02:00):
kids were underneath this, they would have been killed.
Speaker 3 (02:05):
Anybody.
Speaker 2 (02:06):
Again, I thoughts start going through your head. And again
you've got a lot of rules on Long Island, New
York as well when it comes to cutting trees down.
Speaker 3 (02:18):
And I went through. I went through.
Speaker 2 (02:21):
I grabbed a guy and arbiston any tree that had
the slightest bit of disease on it at all, it's coming.
Speaker 3 (02:29):
Down, coming down. Oh, and I know some of the
neighbors not.
Speaker 2 (02:34):
Happy, the tree huggers out there. Why are you cutting
those trees down?
Speaker 3 (02:39):
Oh it's terrible. No, it's not.
Speaker 2 (02:43):
They're diseased. They're supposed to come down. Second house, same thing,
moving into a house, you know.
Speaker 3 (02:51):
Had to redo the yard.
Speaker 2 (02:53):
They're trees all over there near the house that was
just redone that we were moving into. Anything, any tree
that it was close to being near my house and
a storm it could knock down, come down. My house
was coming down.
Speaker 3 (03:05):
Oh you already allowed. You gotta get you gotta got.
Speaker 2 (03:07):
The county to approve.
Speaker 3 (03:10):
Bullshit.
Speaker 2 (03:11):
Send me the Fine, I do send me to Fine.
Speaker 3 (03:14):
I don't give crap. They're coming down.
Speaker 2 (03:17):
Oh when the tree hunters come.
Speaker 3 (03:19):
Oh no, that's terrible. You're doing this. You don't know.
Speaker 2 (03:22):
No again, I remember a project I had for social
studies class back I don't know, maybe I was in
fourth grade, fourth or fifth, I don't remember. We had
to do models of how the Iroquois Indians would set
up their camps with uh, these long houses that they
(03:46):
would have, and the Indians again where you know it
will be politically correct here or what is believed all
their one with nature and I love nature.
Speaker 3 (03:56):
Yeah they did.
Speaker 2 (03:57):
But they weren't stupid either. When they were up their
log cabins and their settlement areas, they clear cut the
entire area.
Speaker 3 (04:06):
They knew, they.
Speaker 2 (04:08):
Understood that you have to protect yourself. Now again, brush
brush fire not a problem.
Speaker 3 (04:17):
Usually, you know in areas where.
Speaker 2 (04:19):
You know, again you know, you put the leaves into
the woods, you clear some of the brush away, but
it's wet all the time. Wildfires will happen on a
rare occurrence. This is something that we have discussed in
the past here on the program talking about California and
the fires.
Speaker 3 (04:40):
It's actually watching the news stay.
Speaker 2 (04:41):
You had CNBC see they had their climate reporter out there.
What the flip is a climate reporter? You think this
has to do a climate You think that fires in
California are somehow a twenty first century event?
Speaker 3 (05:07):
Are you kidding? Now?
Speaker 2 (05:10):
I went through this here years ago on the program
when it was a California wildfire, and again they wanted
to blame it on climate change. Those giant, beautiful sequoia
trees that you can see in Yosemite, they do not germinate.
They will not grow unless there is a fire. It's fascinating.
(05:35):
It really is the nature again, Nature, nature and got
amazing things. Those trees are not going to grow unless
the area is clear, So the seeds won't even Germany
won't start doing anything unless there is a fire. Temperatures
need to be well. I forget the one hundred and
something degrees. I can't remember exactly what it is in
(05:55):
order for those seeds to allow one of those trees
to grow, because, Hi, you're.
Speaker 3 (05:59):
Going to a planet. It not going to be enough room,
not going to be enough.
Speaker 2 (06:02):
Light for that massive tree to grow unless it's cleared out.
Speaker 3 (06:08):
It happened.
Speaker 2 (06:09):
Remember the last massive fire was at two thousand and
nineteen in California, and we talked about it here in
the promo as awful as this is what way do
you see? Way do you see the flowers that are
going to grow? Way do you see what it's going
to look like after the devastation? And again, the problems
(06:30):
is not there. The fires are natural. The fires are
going to happen, and then we'll talk about some of
the unnatural ways that they occur a little bit.
Speaker 3 (06:38):
So that people live in these areas. Now they live.
Speaker 2 (06:43):
There, this is where the damage is. And again you know,
without a doubt, would human beings contribute to fires? Yeah,
dry out there, so moron decides to throw a cigarette
out a window or decides a homeless encampment. This again,
they're finding these things happening all the time. They're not
(07:05):
putting their fires out. That could lead to a massive
blaze and other things as well, failed infrastructure when it
comes to electricity, a myriad of other things. But one
of the things you have to understand, like I understood
with my houses in New York, is you have to
manage the property that you have. You have to manage force,
(07:28):
you have to clear out brush. Talking to people in California.
You know, you got to get a permit in California
just to clear your own land of underbrush.
Speaker 3 (07:42):
Oh yeah, the tree hunder No see, it's gonna be
some lizard, or it's.
Speaker 2 (07:45):
Gonna be some frog underneath there, and you're gonna disturb it.
Speaker 3 (07:49):
And you can't do that.
Speaker 2 (07:53):
Okay, again, you invite these fires, You invite these blazes
because you're not cleaning the forest force. I'm going to
go back again. These are Donald Trump tweets fald Trump
going back to twenty nineteen. The governor of California has
(08:17):
done a terrible job. Gaven Newsom a forest management I
told him from the first day we met that he
must clean his forest floors, regardless of what his bosses,
the environmentalists demand of him. Must also do burns and
cut fire stoppings. Yeah, controlled burns. Have to do them,
(08:37):
have to every year as the fires rage in California burns,
it's the same thing. And then he comes to the
federal government for more money. No more.
Speaker 3 (08:45):
Get your act.
Speaker 2 (08:46):
Together, Governor. You don't see close to the level of
burn in other states. But our teams are working well
together and putting these massive and many fires out great
firefighters also open up ridiculously closed water lanes coming down
from the north.
Speaker 3 (08:59):
Don't pour it out into the Pacific Ocean. Should be
done immediately.
Speaker 2 (09:03):
California desperately needs water, and you can have it now. Yeah,
reservoirs human beings again, people, there's nothing wrong if you
are going to have a settlement somewhere to manage it properly.
(09:26):
They have continued to let all the snow run off
go right into the ocean where they could be building reservoirs.
Speaker 3 (09:34):
Again.
Speaker 2 (09:34):
I'm gonna go too. I'll go to Donald Trump again. Okay,
this is from this four months ago. Four months ago,
he's campaigning in La County. He spoke about the need
for California to send more water downstate. You have so
much water, you could revert water up into the hills
where you have all the dead forests. The land would
(09:57):
be damp, and you'd stop many of the horror these
horrible again, you know, the liberals out there, it's like
you have some sort of death wish. Did you know
right now that the fire hydrants, the fire hydrants are
(10:17):
out of water. The county didn't refill the reservoirs. Oh yeah, yeah,
they didn't do it, fire hydrants running dry. It's a
massive failure. Take a look at the people running the
(10:42):
fire department in Los Angeles. You can see videos online.
If you don't believe me, go see this for yourself.
They're putting out all sorts of videos where what they're
concerned about the fire chief is the biggest concern is
making sure that she has more women on the fire
department and more lgbt Q. I'm not making this up
(11:07):
that that was the biggest concern that the new LA
chief of the fire department had. Okay, you know, take
my word for it. You're getting again multi multi multi
million dollar homes in Malibu being destroyed.
Speaker 3 (11:28):
I want to.
Speaker 2 (11:30):
Talk a little bit about personal responsibility again. When I
was I didn't care, didn't didn't care about what the
county was. I was going to do whatever the hell
I was going to do with my property. They weren't
going to tell me that I couldn't cut down these trees.
Speaker 3 (11:52):
What are you going to do? Put me in jail?
Speaker 2 (11:56):
At some point in time, people, you have to take responsibility.
And again, I know this is again again a bitter,
jagged little pill to swallow when this is going on
right now, but we all make.
Speaker 3 (12:13):
Choices.
Speaker 2 (12:15):
We all make choices, make choices of where we decide
to live, where we decide to invest, and at some
point in time we have to take responsibility for those choices. Again,
fingers gonna come out. We're gonna blame Gaven Newsom. You're
gonna blame this. You're gonna blame that. You know, you
know the terrain, you know where you live, you know
(12:37):
how susceptible it is to fires.
Speaker 3 (12:40):
It's funny.
Speaker 2 (12:41):
Listen to Joe Rogan's podcast. This is about a week
or two ago. He used to live out there and
he said, I, you know, the last pay. He's like,
I can't live out here. Then he talked about it.
He said, at some point in time, the fire is
going to rip through. They don't manage it properly. I
got to get out of here. And he moved to Austin, Texas.
I know it's tough to do. Got a home, you
(13:04):
live in Malibu, you have money. It's great, it's you're scene.
Whatever it may be.
Speaker 3 (13:11):
It was a risk. I don't.
Speaker 2 (13:13):
People said, well, Chris, you live in you live in
Southwest Florida. What about the hurricanes you just got whacked. Yeah,
They're a fact of life here, and I explained this
here at the time.
Speaker 3 (13:29):
No, I'm not living out of water. I didn't want
to deal with the headache.
Speaker 2 (13:34):
An area here in Tampa and Davis Davis. I'm beautiful,
it's great, not far from I live. Can ride my
bike over there right every single time. In big sarmony.
I don't want to deal with the water. I don't
want to have to deal with, you know, worried that
the stuff on my garage is going to flood.
Speaker 3 (13:48):
Whatever it may be. I don't want to deal with it,
the headache.
Speaker 2 (13:52):
Okay, with that being said, you know things can happen.
Storms can happen, natural disasters can happen. And again you're
going to point fingers all over the place. You're going
to get the climate wackos out there.
Speaker 3 (14:09):
I don't know. Maybe the people in Californa, maybe they
may make them feel.
Speaker 2 (14:12):
Better about their house burning down that they can, you know,
blame it on climate change.
Speaker 3 (14:17):
It's not climate change. It's a myriad of things. The
people you vote for.
Speaker 2 (14:25):
The fact that you didn't build proper reservoirs to deal
with the problem, you didn't control your force, all of
those things. But even With that being said, who knows,
still might have been a devastating fire. But but again,
at some point in time, people, you're going to have
(14:45):
to start making better choices when it comes to leadership,
when it comes to people running show.
Speaker 3 (14:54):
There was the mayor right now. I mean, this is
they've been talking about this.
Speaker 2 (14:56):
If we're predicting these winds and the poss stability for
some time, the mayor of Los Angeles is on some
sort of uh, you know, shay shay trip to Africa
for some reason.
Speaker 3 (15:10):
Did you kidding me? Anyway?
Speaker 2 (15:15):
You know, again, personal responsibility and choices and choices. And again,
you know, whenever, rather than look to always fix blame, okay,
want always look again in the mirror and say to myself,
you know, I knew this was going to happen. I
knew this was going to be an issue. I knew
(15:37):
the leadership was bad. I knew we should have we
should have had we should have done a better job
with the reservoirs. I knew we should have done a
better job in managing the force. And again, like I said,
I'm not saying that it wouldn't have happened, but you
would have been in a much much better place. I'm
not saying where I live right now. There might be
some massive, devastating hurricane that would do damage to my house,
(15:59):
but I you know, again, I made sure that I'm
living in a spot where you know, I can mitigate that.
Speaker 3 (16:04):
Where I am you know.
Speaker 2 (16:06):
I know where I am above sea level to deal
with the flooding. All things that we have to take
into consideration. Again, you're going to see the fingers point out.
They can see them going after insurance companies. Sooner rather
than later. It's going to happen. It's going to happen.
But again, if you're an insurance company and you have
(16:29):
rules in a state that say, hey, you can only
raise policies by a certain amount, you can't do. You
have to check with the government. And if you want
to raise the uh the insurance rates on these million
dollar homes or any home, you you have to check
with us first. You go and raise it by a
(16:49):
certain amount, and you, as an insurance company say they're
not managing this properly. They are not doing what they
need to do. When it comes to resume not doing
the proper forest management, you know what, we're out. We're out.
We cannot we know we were not going to be
able to make good window fires. Come all of this,
(17:16):
all of this, and again, you know, again it's it's awful, awful,
and again I feel bad for everybody out there what happened.
But again, you know, we can either decide as a country,
in a society to use this as a bit of
a wake up call, or we can do the same
thing over and over again and expect a different results,
(17:40):
which is the definition of stupidity, Luna, see whatever you
want to call it. Watchdog on Wall Street dot Com
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Situation in California devastating, heartbreaking. We've got clients, friends that
live in the area. But that's it's not gonna stop me.
Speaker 3 (00:36):
Again.
Speaker 2 (00:36):
I've had conversations with these people. They know, they know
I want to talk about the California fires and personal responsibility.
Speaker 3 (00:50):
I'm gonna twist a.
Speaker 2 (00:52):
Little bit into my own experience. When I was living
in bringing in New York on Long Island, lived in
a pretty that was forest area right right near the water,
a lot of trees. Now, we really don't have to
(01:12):
worry about forest fires. Don't have to worry about forest
fires there. Think it's pretty wet all the time. But okay,
you get big winds and trees come down, and you
know it happens. People get killed with trees falling on them.
And when I moved into, uh, moved into my first
(01:35):
house there. I had two houses there, uh, one of
the first it was maybe the first month I was there,
there was a storm and I woke up the next
morning and a massive tree was across my driveway, across
my driveway, and I said, yeah, if my kids, my
(02:00):
kids were underneath this, they would have been killed.
Speaker 3 (02:05):
Anybody.
Speaker 2 (02:06):
Again, I thoughts start going through your head. And again
you've got a lot of rules on Long Island, New
York as well when it comes to cutting trees down.
Speaker 3 (02:18):
And I went through. I went through.
Speaker 2 (02:21):
I grabbed a guy and arbiston any tree that had
the slightest bit of disease on it at all, it's coming.
Speaker 3 (02:29):
Down, coming down. Oh, and I know some of the
neighbors not.
Speaker 2 (02:34):
Happy, the tree huggers out there. Why are you cutting
those trees down?
Speaker 3 (02:39):
Oh it's terrible. No, it's not.
Speaker 2 (02:43):
They're diseased. They're supposed to come down. Second house, same thing,
moving into a house, you know.
Speaker 3 (02:51):
Had to redo the yard.
Speaker 2 (02:53):
They're trees all over there near the house that was
just redone that we were moving into. Anything, any tree
that it was close to being near my house and
a storm it could knock down, come down. My house
was coming down.
Speaker 3 (03:05):
Oh you already allowed. You gotta get you gotta got.
Speaker 2 (03:07):
The county to approve.
Speaker 3 (03:10):
Bullshit.
Speaker 2 (03:11):
Send me the Fine, I do send me to Fine.
Speaker 3 (03:14):
I don't give crap. They're coming down.
Speaker 2 (03:17):
Oh when the tree hunters come.
Speaker 3 (03:19):
Oh no, that's terrible. You're doing this. You don't know.
Speaker 2 (03:22):
No again, I remember a project I had for social
studies class back I don't know, maybe I was in
fourth grade, fourth or fifth, I don't remember. We had
to do models of how the Iroquois Indians would set
up their camps with uh, these long houses that they
(03:46):
would have, and the Indians again where you know it
will be politically correct here or what is believed all
their one with nature and I love nature.
Speaker 3 (03:56):
Yeah they did.
Speaker 2 (03:57):
But they weren't stupid either. When they were up their
log cabins and their settlement areas, they clear cut the
entire area.
Speaker 3 (04:06):
They knew, they.
Speaker 2 (04:08):
Understood that you have to protect yourself. Now again, brush
brush fire not a problem.
Speaker 3 (04:17):
Usually, you know in areas where.
Speaker 2 (04:19):
You know, again you know, you put the leaves into
the woods, you clear some of the brush away, but
it's wet all the time. Wildfires will happen on a
rare occurrence. This is something that we have discussed in
the past here on the program talking about California and
the fires.
Speaker 3 (04:40):
It's actually watching the news stay.
Speaker 2 (04:41):
You had CNBC see they had their climate reporter out there.
What the flip is a climate reporter? You think this
has to do a climate You think that fires in
California are somehow a twenty first century event?
Speaker 3 (05:07):
Are you kidding? Now?
Speaker 2 (05:10):
I went through this here years ago on the program
when it was a California wildfire, and again they wanted
to blame it on climate change. Those giant, beautiful sequoia
trees that you can see in Yosemite, they do not germinate.
They will not grow unless there is a fire. It's fascinating.
(05:35):
It really is the nature again, Nature, nature and got
amazing things. Those trees are not going to grow unless
the area is clear, So the seeds won't even Germany
won't start doing anything unless there is a fire. Temperatures
need to be well. I forget the one hundred and
something degrees. I can't remember exactly what it is in
(05:55):
order for those seeds to allow one of those trees
to grow, because, Hi, you're.
Speaker 3 (05:59):
Going to a planet. It not going to be enough room,
not going to be enough.
Speaker 2 (06:02):
Light for that massive tree to grow unless it's cleared out.
Speaker 3 (06:08):
It happened.
Speaker 2 (06:09):
Remember the last massive fire was at two thousand and
nineteen in California, and we talked about it here in
the promo as awful as this is what way do
you see? Way do you see the flowers that are
going to grow? Way do you see what it's going
to look like after the devastation? And again, the problems
(06:30):
is not there. The fires are natural. The fires are
going to happen, and then we'll talk about some of
the unnatural ways that they occur a little bit.
Speaker 3 (06:38):
So that people live in these areas. Now they live.
Speaker 2 (06:43):
There, this is where the damage is. And again you know,
without a doubt, would human beings contribute to fires? Yeah,
dry out there, so moron decides to throw a cigarette
out a window or decides a homeless encampment. This again,
they're finding these things happening all the time. They're not
(07:05):
putting their fires out. That could lead to a massive
blaze and other things as well, failed infrastructure when it
comes to electricity, a myriad of other things. But one
of the things you have to understand, like I understood
with my houses in New York, is you have to
manage the property that you have. You have to manage force,
(07:28):
you have to clear out brush. Talking to people in California.
You know, you got to get a permit in California
just to clear your own land of underbrush.
Speaker 3 (07:42):
Oh yeah, the tree hunder No see, it's gonna be
some lizard, or it's.
Speaker 2 (07:45):
Gonna be some frog underneath there, and you're gonna disturb it.
Speaker 3 (07:49):
And you can't do that.
Speaker 2 (07:53):
Okay, again, you invite these fires, You invite these blazes
because you're not cleaning the forest force. I'm going to
go back again. These are Donald Trump tweets fald Trump
going back to twenty nineteen. The governor of California has
(08:17):
done a terrible job. Gaven Newsom a forest management I
told him from the first day we met that he
must clean his forest floors, regardless of what his bosses,
the environmentalists demand of him. Must also do burns and
cut fire stoppings. Yeah, controlled burns. Have to do them,
(08:37):
have to every year as the fires rage in California burns,
it's the same thing. And then he comes to the
federal government for more money. No more.
Speaker 3 (08:45):
Get your act.
Speaker 2 (08:46):
Together, Governor. You don't see close to the level of
burn in other states. But our teams are working well
together and putting these massive and many fires out great
firefighters also open up ridiculously closed water lanes coming down
from the north.
Speaker 3 (08:59):
Don't pour it out into the Pacific Ocean. Should be
done immediately.
Speaker 2 (09:03):
California desperately needs water, and you can have it now. Yeah,
reservoirs human beings again, people, there's nothing wrong if you
are going to have a settlement somewhere to manage it properly.
(09:26):
They have continued to let all the snow run off
go right into the ocean where they could be building reservoirs.
Speaker 3 (09:34):
Again.
Speaker 2 (09:34):
I'm gonna go too. I'll go to Donald Trump again. Okay,
this is from this four months ago. Four months ago,
he's campaigning in La County. He spoke about the need
for California to send more water downstate. You have so
much water, you could revert water up into the hills
where you have all the dead forests. The land would
(09:57):
be damp, and you'd stop many of the horror these
horrible again, you know, the liberals out there, it's like
you have some sort of death wish. Did you know
right now that the fire hydrants, the fire hydrants are
(10:17):
out of water. The county didn't refill the reservoirs. Oh yeah, yeah,
they didn't do it, fire hydrants running dry. It's a
massive failure. Take a look at the people running the
(10:42):
fire department in Los Angeles. You can see videos online.
If you don't believe me, go see this for yourself.
They're putting out all sorts of videos where what they're
concerned about the fire chief is the biggest concern is
making sure that she has more women on the fire
department and more lgbt Q. I'm not making this up
(11:07):
that that was the biggest concern that the new LA
chief of the fire department had. Okay, you know, take
my word for it. You're getting again multi multi multi
million dollar homes in Malibu being destroyed.
Speaker 3 (11:28):
I want to.
Speaker 2 (11:30):
Talk a little bit about personal responsibility again. When I
was I didn't care, didn't didn't care about what the
county was. I was going to do whatever the hell
I was going to do with my property. They weren't
going to tell me that I couldn't cut down these trees.
Speaker 3 (11:52):
What are you going to do? Put me in jail?
Speaker 2 (11:56):
At some point in time, people, you have to take responsibility.
And again, I know this is again again a bitter,
jagged little pill to swallow when this is going on
right now, but we all make.
Speaker 3 (12:13):
Choices.
Speaker 2 (12:15):
We all make choices, make choices of where we decide
to live, where we decide to invest, and at some
point in time we have to take responsibility for those choices. Again,
fingers gonna come out. We're gonna blame Gaven Newsom. You're
gonna blame this. You're gonna blame that. You know, you
know the terrain, you know where you live, you know
(12:37):
how susceptible it is to fires.
Speaker 3 (12:40):
It's funny.
Speaker 2 (12:41):
Listen to Joe Rogan's podcast. This is about a week
or two ago. He used to live out there and
he said, I, you know, the last pay. He's like,
I can't live out here. Then he talked about it.
He said, at some point in time, the fire is
going to rip through. They don't manage it properly. I
got to get out of here. And he moved to Austin, Texas.
I know it's tough to do. Got a home, you
(13:04):
live in Malibu, you have money. It's great, it's you're scene.
Whatever it may be.
Speaker 3 (13:11):
It was a risk. I don't.
Speaker 2 (13:13):
People said, well, Chris, you live in you live in
Southwest Florida. What about the hurricanes you just got whacked. Yeah,
They're a fact of life here, and I explained this
here at the time.
Speaker 3 (13:29):
No, I'm not living out of water. I didn't want
to deal with the headache.
Speaker 2 (13:34):
An area here in Tampa and Davis Davis. I'm beautiful,
it's great, not far from I live. Can ride my
bike over there right every single time. In big sarmony.
I don't want to deal with the water. I don't
want to have to deal with, you know, worried that
the stuff on my garage is going to flood.
Speaker 3 (13:48):
Whatever it may be. I don't want to deal with it,
the headache.
Speaker 2 (13:52):
Okay, with that being said, you know things can happen.
Storms can happen, natural disasters can happen. And again you're
going to point fingers all over the place. You're going
to get the climate wackos out there.
Speaker 3 (14:09):
I don't know. Maybe the people in Californa, maybe they
may make them feel.
Speaker 2 (14:12):
Better about their house burning down that they can, you know,
blame it on climate change.
Speaker 3 (14:17):
It's not climate change. It's a myriad of things. The
people you vote for.
Speaker 2 (14:25):
The fact that you didn't build proper reservoirs to deal
with the problem, you didn't control your force, all of
those things. But even With that being said, who knows,
still might have been a devastating fire. But but again,
at some point in time, people, you're going to have
(14:45):
to start making better choices when it comes to leadership,
when it comes to people running show.
Speaker 3 (14:54):
There was the mayor right now. I mean, this is
they've been talking about this.
Speaker 2 (14:56):
If we're predicting these winds and the poss stability for
some time, the mayor of Los Angeles is on some
sort of uh, you know, shay shay trip to Africa
for some reason.
Speaker 3 (15:10):
Did you kidding me? Anyway?
Speaker 2 (15:15):
You know, again, personal responsibility and choices and choices. And again,
you know, whenever, rather than look to always fix blame, okay,
want always look again in the mirror and say to myself,
you know, I knew this was going to happen. I
knew this was going to be an issue. I knew
(15:37):
the leadership was bad. I knew we should have we
should have had we should have done a better job
with the reservoirs. I knew we should have done a
better job in managing the force. And again, like I said,
I'm not saying that it wouldn't have happened, but you
would have been in a much much better place. I'm
not saying where I live right now. There might be
some massive, devastating hurricane that would do damage to my house,
(15:59):
but I you know, again, I made sure that I'm
living in a spot where you know, I can mitigate that.
Speaker 3 (16:04):
Where I am you know.
Speaker 2 (16:06):
I know where I am above sea level to deal
with the flooding. All things that we have to take
into consideration. Again, you're going to see the fingers point out.
They can see them going after insurance companies. Sooner rather
than later. It's going to happen. It's going to happen.
But again, if you're an insurance company and you have
(16:29):
rules in a state that say, hey, you can only
raise policies by a certain amount, you can't do. You
have to check with the government. And if you want
to raise the uh the insurance rates on these million
dollar homes or any home, you you have to check
with us first. You go and raise it by a
(16:49):
certain amount, and you, as an insurance company say they're
not managing this properly. They are not doing what they
need to do. When it comes to resume not doing
the proper forest management, you know what, we're out. We're out.
We cannot we know we were not going to be
able to make good window fires. Come all of this,
(17:16):
all of this, and again, you know, again it's it's awful, awful,
and again I feel bad for everybody out there what happened.
But again, you know, we can either decide as a country,
in a society to use this as a bit of
a wake up call, or we can do the same
thing over and over again and expect a different results,
(17:40):
which is the definition of stupidity, Luna, see whatever you
want to call it. Watchdog on Wall Street dot Com
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