Watchdog on Wall Street: Podcast for Weekend of February 01 - February 02 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:07):
Well, no one altered investment banking, consumer advocate analyst trainer
Chris Markowski is the watchdog Wall Street? Do you want
to answer exposing the lies and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom.

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

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

Speaker 3 (00:34):
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 Wall Streets.

Speaker 4 (00:44):
Yes it is, and let's get right into it, because
it has been an extraordinary week teachable moments, to say
the least. I was thinking about the film Jurassic Park.
One of my favorite characters in that film was Jeff
Goldblum's doctor Ian Malcolm. I'm gonna use some of his

(01:07):
lines in that movie today on the program, and I
think we're gonna start off today with his line, boy,
do I hate being right all the time? Anyway, By
late Monday afternoon, messages are coming in people having collective
freakouts because of what is happening with the the tech sector.

(01:30):
I'm cracking jokes on my podcast it's the end of
AI as we know it, and all kidding aside, all
kidding aside. Again, people were freaking out because they weren't
positioned properly. They were over levered that which again got

(01:52):
them into doing more silly emotional reactions to what was
taking place, and a lot of people, a lot of
people all over the country lost a lot of money.
It's not necessary. Well, what wasn't necessary? Again? We have

(02:14):
a system in place. We have a process, as I
call it, a process at Markowski Investments that we've been
talking about for some time. I know I go on
and on about this stuff on a regular basis, but
I can't stress the importance of proper portfolio management and

(02:36):
understanding and truly appreciating risk and not letting risk lead
to ruin. Let's break down what happened. I mean that
there's been grumblings and mumblings and information about this deep

(02:56):
seek for some time. Over the course of last weekend,
more information came out, and then all of a sudden,
you know, late by late Sunday afternoon, the proverbial poop
starts hitting the fan on what this company supposedly can do.
And I'm saying, oil boy, it's going to be a
bloodbath tomorrow, and it was. It was a bloodbath for

(03:21):
people that again weren't positioned properly. We've been saying and
explaining to everyone here for some time. In Vidia has
had an amazing run. It's an amazing company, no doubt
about it. It's up over ten times tenfold over the

(03:45):
past couple of years. Did you think that that was
going to go on forever? You didn't think that there's
any shot that things could reverse and go in the
opposite direction. Back in nineteen ninety nine, I put out
a piece year before this radio show started, so that's

(04:07):
twenty six years ago, entitled Icarus and the Stock Market,
and at the time I was discussing the insane run
up in many dot com companies. Now dot com companies
were different, not in video. These dot com companies. Many
were purely spec plays. They didn't have any earnings. They

(04:27):
had a website and some CEO at a go tee
and everything was racing through the roof new paradigm, new economy.
Earnings don't matter anymore, that's what they were being told. Well,
they did matter, and we warned everybody about what was
going to take place everybody flying too close to the
Sun's fast forward. As forward another eight years. I put

(04:51):
out a column entitled, even blue chips die. And we've
talked about this here on the program, the fact that
company that are the greatest, the biggest, the best out there,
they might not always be. And I always go back
to the Dutch East India company two hundred years, where
the bluest of blue chips. Two hundred years. That company

(05:12):
paid an eighteen percent dividend two hundred years companies no longer.
Go back and take a look at the nifty to
fifty stocks from the late nineteen sixties early seventies. Again,
that was Wall Street telling you fifty companies you can
buy that you'll never have to sell. What take a
look at the list, say how many companies that are

(05:33):
no longer? That's the free market. That's what happens. Somebody, somebody,
at some point in time, more than likely is going
to build a better mouse trap. Now is deep seek
that better mousetrap? Better? AI? I don't know, I really don't.
They're still getting more information about what's what's gonna happen,

(05:56):
how it's gonna happen, how they did it. The grave
concern which rove all of the chip stocks down was
the fact that, Wow, they did this with less powerful chips,
and it's questioning whatether all these companies are going to
continue to spend on these chips. Well, that's kind of true.
But there's also this thing. It's called it's called Javan's paradox.

(06:21):
Javan's paradise. I had to go back and relook it up.
I knew what it was, but I can't remember what
it was called. It was a nineteenth century British economists,
and he discovered that when a resource is rendered more efficient,
we use more of it, often so much more that

(06:42):
total spending on the resource rises. So when all sadden done,
this might benefit in video, it might even be better
for them. But take all of that and put it aside.
What do we teach here on the program people, is

(07:04):
to take profits along the way. You're never gonna go poor.
Taking profits along the way, and I'm not talking about
this is selling the entire position, but to rebalance as
things go up. Guess what, take some money off the table,
reallocate those assets elsewhere. Do we own a ton of Nvidia,

(07:31):
Yeah we do. We didn't blink an eye though, we're
up over tenfold in the bloody thing and then some
and you know what, we've been taking profits along the
way here. There's certain ways that you can head yourself
and you protect your downside, and I think that's very important.
Now do I think do I expect more volatility in

(07:54):
this sector moving forward? Absolutely? All these are companies can
take majorites and this is why you can utilize sometimes
options and various different strategies to protect your downside. But
actually think about this for a second. What was that
sell off on I was like seventeen percent to the downside. Again,

(08:15):
this company is up over tenfold. That's nothing. That's a blip.
That's a blip based upon where it's come from. And
again this is the problem that people get in. They
don't even understand what the word hedge means. There's a

(08:36):
whole a hedge fund. You even know what word hedge means.
Hedge funds originally, back when they started, were designed to
do what we do. We do for our client's portfolios,
protect their downsides, hedge risk, protect assets, avoid serious risk,
come out on the other side of risk situation situations

(09:01):
that rattle your portfolio, and come out stronger on the
other side. That is the goal. That is what we
strive you. That is what we work for every single
day at our firm. That's why we don't blink an
eye when storms occur. Black squan, gray swan, whatever you
want to call it, it shouldn't bother you. We talked

(09:27):
about that. That's not my word, it's Talib's word. Anti fragile.
Having an anti fragile financial plan. Doing things the right way,
you're never going to get in. Here's news flash to
all of you traders. Okay, and again, these people sometimes,

(09:48):
you know, they get a couple winners on their trades,
and they all all of a sudden think that there's
some sort of guru until they get wiped out. The
same mentality gamblers have for crying out loud. You're never
gonna get in at the exact bottom, and you're never
going to get out at the exact top. Do you
think I care? Do you if it's saying let's say
I we take We've got a position and various different portfolios.

(10:11):
Every one of our portfolios is unique and different. Okay,
we're not a fund. Everyone's risk tolerance is unique and different.
Everyone's goals in life are unique. In different. So no
two portfolios at Markowski Investments looks the same. Do you
think that that I care? I think it matters to me.

(10:32):
If we've got a position that has been going like gangbusters,
and we take some money off the table and rotate
it into other assets, and that company that we took
money off the table, some of the money, not all,
continues to go up. I don't care. And let me
tell you something. If I catch flak from a client,
oh well, you know, maybe we shouldn't have taken a profit.

(10:53):
There you're working at the wrong firm. Okay, I'm not
a market timer. My job. My job is to build
wealth for my clients. And let me tell you something. Okay,
people under estimate, okay, underestimate what major losses can do

(11:15):
to one's portfolio. This is it's human nature. It is
much worse to take a big loss in your portfolio
than to have a big gain, because again, big gains
are are hard to come by. Your portfolio drops by
fifty percent, what do you have to do. You've got

(11:37):
to see one hundred percent to get back to even
where you were. And this is again you want. This
is how real portfolio, This is how big money I
talk about that. You know, in our rules of the
road when it comes to investing, invest like you're already wealthy.
This is how super wealthy people handle their money. This

(12:00):
is how we handle the money for all of our clients.
This is how you build wealth. Yeah, it was funny,
it was seeing this as well. I have people wrecked,
wrecked the robin Hood accounts, all these investors that piled
into these levered ETFs that were tied to Nvidia and

(12:25):
got smacked smack. Not to mention, they got levered ETFs
and they're buying it on margin. Now, let me ask
you a question, what is the purpose behind those They
call them investment vehicles. They're not. Okay, they're not. They're
put together again. Wall Street will operate much like your

(12:48):
gambling app. Yeah right right now, the world of sports.
I want to get everybody and anyone gambling on anything.
Gamble on everything, Gamble on the next pitch, gamble on
the MP They want you gambling on politics for crying
out loud, because they're always making money. If you're gambling,
Wall Street is always making money. If you are gambling
with your money. You don't think that the people who

(13:13):
created these ETFs, these levered ETFs tied to one stock.
You don't think that they knew that it would tempt people.
They're gonna collect their fee. What difference does it make?
Why would you do that? There's another line from Jurassic

(13:33):
Park where Ian Malcolm questions John Hammond, So your scientists
were so preoccupied whether or not they could they didn't
stop to think if they should. You see the issue
with Wall Street is they don't care. They don't care.
They'll sell you anything, you understand me, anything as long

(13:56):
as you're willing to buy. Oh my god, look look
we're gonna do. We're gonna create an investment super levered
ETF tied to one security and two securities. It's like
injecting yourself with you know, anabolic steroids times ten. Why
would you do that? And why would you own it?

(14:17):
On margin? Things happen and many people all across this country, okay,
are letting risk lead to ruin? I say, how many
sad SOB calls? Emails like Johnny Fontaine, I don't know

(14:40):
what to do, Godfather, I don't what to do. I
don't know what to do. Chris Markowski, I don't know
what to do. I don't know I did this, well,
you should have listened. For crying out loud, you should
have listened to what we have been telling. What we've
been trying to teach. Everything in life that is meaning,
value and worth involves work, time, and effort. There's no
shortcuts here, people, There's no short cuts. That's what these

(15:02):
leveret ETFs are. That's what you're doing when you think
you're a bloody genius and you'll let you throw any
sort of risk, you know, risk out of the way,
you don't even pay attention that it's there, and you
load up on all these tech stocks that I've already
been going through the roof people. This has happened before,
It's gonna happen again. Why be a greater fool? You

(15:25):
don't have to do things the right way? Build wealth
over time. It doesn't happen overnight. It takes time. And
that's where compounding really works its magic. Even take a look,

(15:45):
I need to do it sometime. Okay, I'm just gonna
throw this out there. Take a look at Berkshire, Hathway
and Warren Buffett and take a look at the decades,
the decades that it took for them to build up
to a certain point and then it's really it. Then
it really started a compound. He didn't build that company

(16:06):
in a couple of years. He didn't build up that
portfolio for a couple of it. It took time. And
once you get to a certain point in time, you
you compound doing the right thing again and again and again.
That's that's how you become wealthy. And that's what we're
here trying to teach you to do. Gotta take a break,

(16:30):
Get to our website, Watchdog on Wallstreet dot com, watch
Dog on wallstreet dot com, Take advantage our personal CFO program,
our podcast reminder. We're here to help everyone Watchdog on
wallstreet dot com or give us a call eight hundred
four seven one fifty nine eighty four. Man, she was

(16:53):
seventeen and she was five from me.

Speaker 1 (16:55):
Between bringing America financial freedom one listener at a time.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (17:18):
Everybody is there's the watch Dog on Wall Street show.
Please to take the liars of crooks, the cheats out
behind the woodshed, week in, week out, day in, day
out on the podcast as well. Again invitation invitation to
everybody out there again you want to become a part
of our family at Markowski Investments. You want to work

(17:38):
with not a shlockbroker, not an investment advisor looking to
making money overnight, because we're not here to do that.
We're here to make you money over time. You want
to have the work with a family office. I know
we may work family. I don't have fifty million out No,
we help everyone. Get to our website, watchdog on wallstreet

(17:59):
dot com, sign up for our personal CFO program, listen
to our podcast every single day. All right, Okay, we're
gonna do more on this a little bit later. I
think it's a good time for me to point this
out now. Donald Trump, uh gave a speech, gave a
speech online by a zoom to Davos, and he has

(18:22):
had was taken questions from various different business leaders, and
one of them was Brian one In from Bank of America.
Bank of America, and Donald Trump called him out to
his face, called him out to his face for the
banking conservatives. And he didn't really say much there. But

(18:48):
Bank of America put out a put out a tweet,
put out a tweet says Bank of America serves more
than seventy million clients, and we welcome conservatives. We would
never close accounts for political reasons and don't have a
political litmus test. That is BS they're lying. They actually

(19:08):
gave the FBI a list of customers who made transactions
in the days on and around January sixth without a warrant.
They also provided the FBI with the records of customers
that purchased firearms with the bank's credit and debit cards
without a warrant. We already know many, many, many people

(19:29):
that were de banks by Bank of America. Now you
know Bank of America owns Merrill Lynch. They own Merrill
Lynch as well. I'm just throwing this out there. Is
this a type of company you wanted to business with? Hey?
They put aside, put aside all of the scams, all

(19:50):
of the crap, all of the nonsense that these big
firms that push all a crap that Merrill Lynch has
pushed on the American people for years. All at BA
is this except is this a company that you want
to have managing your money? Thrown out there? Thrown out there,

(20:10):
gotta take a break. You are listening, so one the
only the watch dog on Wall Street Show again, get
to our site, personal CFO program, podcast, news letter, all
sorts of great stuff. Watchdog on Wallstreet dot com. We'll
be back. You can't stop.

Speaker 1 (20:37):
Chris Markowski is the watch dog of is probably worse.

Speaker 2 (20:45):
I don't know what.

Speaker 1 (20:58):
Ticking Wall streets, liars, trooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (21:09):
That's another one. Ere at Domos Larry Fink from wack Rock.
So he's on a panel here and listen to the
bull excerment coming out of this guy's mouth. History books,
we'll talk about the greatest breakdown of trust that was
during COVID when we lack that conversation. But we need
both political and business leaders finding ways of rebuilding trust.

(21:31):
This is one of the biggest issues that I have
with the rise in populism and the anger that we're
seeing with the rise of populism. Now now now now now, Larry,
You're just ticked off because no one believes you anymore,
No one trusts you anymore, because you are a part
of the Watchdog on Wall Street. Access of evil big
business politicians and the media working hand in hand to

(21:52):
further their own needs. No one listens to you anymore,
you lie again and again and again. Anyway, got to
talk a little bit about market timing, Tomfoolery, and I
might as well bring up our old friend Jim Kramer.

(22:12):
I mean, this guy's a legend, a legend. I honestly,
every single time he puts something out, the exact opposite happens.
It's it's extraordinarily is He's like the George Costanza, the
George costands up stock picking Jim Kramer. He put this
out before in Vidia's stock tanked on Monday. In video stock,

(22:36):
which has been roughly flat since June of last year.
It could be breaking out if there's so much enthusiasm
for what we know, what happened in the data center world,
plus what we talked about last night on Mad Money.
Ke Jim, you should just do the opposite of whatever
you're thinking. Man. But anyway, anyway, it talk about the
business media and market timing and what what's gonna hap

(23:00):
up and next they gotta understand who you're dealing with,
who these people are, what they do. This is a fact.
Don't BlimE me. Look it up. You know when it's
what happened on Monday, You know what happened on Monday.
The uh, the CNBC had to roll out their their bull.
That's right. They gotta the Chiron's out there and they

(23:23):
gotta have their bull, and then they gotta have no,
oh bull's dead. They're gonna bring out their bear. And
they brought out their bear when n video went down,
and the bear's red and it's got these bright eyes
and scary, scary. And then they got to do their
Markets and Turmoil, Markets and Turmoil. CNBC always whenever the
markets go down, they have a little special that they
do Markets in Turmoil Special. Do you know? Snow joke?

(23:47):
If you invested invested in the S and P five
hundred every time CNBC had a Market's in Turmoil special,
do you know your your average return over one year
would be forty percent with a one hundred percent success rate.
I ain't kidding, I kid, I went through it. I

(24:11):
was like, holy cow. So what does that tell you?
It's all TV show man, It's all a TV show.
It's it's entertainment programming. It's it's not real. For the
most part. If you've got a portfolio that is well balanced,

(24:32):
that you're maintaining your cutting and trimming positions, your dollar
cost averaging over time, you're gonna do well. You're gonna
do well. Most of you know what we're seeing right
now coming into Markowski Investments because we have it's a
constant flow of new accounts coming in from various different places.

(24:56):
Are these cookie cutter can cutter financial programs plans based
on some algorithm? It's simple for uh, the shlockbroker to
throw out there. It's just simple algorithms that only takes
into account when data is inputed into the algorithm, and

(25:20):
then they'll start selling this samll we got we got
this AI thing. We got this AI thing now with
our algorithms in finance, went oh, come on. Humanity and
life are never a part of the equation. Again, people
fail to understand that they really do. And I always

(25:44):
like to make fun of those four to one K
questionneers that many of you have filled out when you
got your first job, asking you, uh, when do you
plan on retiring? Huh, I'm twenty one years old, I'm
twenty five years old. What kind of quest question is that?
What's your risk tolerance? Must feel? Have no idea, no mean,

(26:08):
make that type of a guess at a young age.
And again the decisions that these supposed financial advisors are
giving people. What it does is it puts h limits.
It puts limits on individual's future and quite frankly, their

(26:28):
overall happiness. Yain I mentioned Talab earlier on in the
program talking about you know famous book Black Swans. You
know it's things that happen you just don't see coming. Well,
that's that's life, right, you want to make God laugh,

(26:49):
Tell them your plans. These things need to be taken
into account. This is why I don't like to call
I hate the phrase I do. You gotta use it
because it's like the part of the modern lexicon. Financial planning,
financial planning, financial planner. No, it's financial preparation. You're prepping

(27:14):
your training. It's financial training, is what you're doing, and
it's the same philosophy, same philosophy. I carry this over
when it comes to my clients, when it comes to
teams that I have coached over the years. Again, an
AVCA would describe it as you go into battle. You

(27:35):
can go into battle, you can have a map, you
can have a plan, but when you get on the
battlefield and the terrain and conditions are different than what
you expected, what do you do then you go with
the terrain. Gotta take quick break. You're listening to the
Watchdog on Wall Street, your Watchdog on Wall streets dot com.
That is our site again, become a part of our

(27:57):
family personal CFO program, podcast news, let all sorts of
great stuff. Watchdog at wallstreet dot com. We'll be back.

Speaker 1 (28:19):
This is the Watchdog on Wall Street.

Speaker 2 (28:29):
Welcome back, everybody.

Speaker 4 (28:34):
Financial training, financial prep, working on the fundamentals, again and
again and again, rinse and repeat. But life's life is
interesting in the sense that many of the things that
you know, you do great quality, great habits. It's the same.

(28:59):
It's the same thing whether or not you are want
to be a great golfer, a great basketball player, great investor,
a great husband, a great parent. It's the repetitiveness the
things that you do a day in, day out, again
and again. The fundamentals. Talked about Navy seals and terrain,

(29:23):
looked about preparing, being prepared for anything. And I've mentioned
this before, and this is going back to a Warren
Buffett annual report from two thousand and seven, and he
wrote this, and your report wrote it's like a help
wanted ad said, wanted a young man or woman with

(29:46):
the potential to manage a very large portfolio. The ideal
candidate must be someone genetically programmed to recognize and avoid
serious risks, including those never before encountered black spawn. Other
key requirements independent thinking, emotional stability, and a key understanding
of both human and institutional behavior. Tala self all saying

(30:14):
is expect the unexpected. Well, when the market sells off,
even there's no reason, don't be surprised when a market skyrockets,
are like, why why why is the market going up
right now? You don't You're not gonna be perplexed by that. Again,

(30:37):
all of the people the whole game in of itself, okay,
because that's what it is. And we've talked about this
over the past couple of weeks. We talked about, you know,
the greater fools. What Wall Street is trying to sell you,
And this is why investors lose again and again and again,
is that they're promising ridicticulous returns or trying to achieve

(31:02):
ridiculous returns. And it's just it's nonsensical. If you protect yourself,
if you get to the point in time where you
understand that you don't know what you don't know, you're
gonna be in a good place. You're gonna talk a
little bit more about this. What is Markowski talking about it? Well,

(31:22):
I get until we get back. Watch Dog on Wallstreet
dot com. Watchdog on Wallstreet dot Com, we show return.

Speaker 1 (31:39):
You're listening to the Watchdog on Wall Street, the only

(32:01):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog and Wall Street with Chris Markelski.

Speaker 4 (32:08):
Yeah, the arrogance. The arrogance is that they don't know
what they don't know. In psychology, they call this the
Dunning Krueger effect. It's a cognitive bias. People with low
ability have this illusion of superiority and they assess their

(32:30):
ability as greater than it is. And this cognitive bias
comes from the inability of the inability of low ability
people to recognize their lack of ability. Makes sense, they're
not self aware. Oh I'll tell you how smart, how
bright they are, how great they are. But they're full

(32:54):
of it. You see. I come on this program and
I understand that I don't know what I don't no,
and because of that we manage risk. I don't know
what's going to happen tomorrow. I get I'm a great
student of history. But I know that means nothing. Stuff

(33:15):
can come out of nowhere. You have fact tail stuff
can happen, and you need to be prepared for it.
And again I'm going to go back to that anti
fragile with talent his concept some things benefit from shocks.

(33:36):
They thrive and grow when exposed to volatility, randomness, disorder
and stressors. They love adventure, risk, uncertainty. Yet in spite
of the ubiquity of that phenomenon, there is no word,
no word for the opposite of fragile. So he decided

(33:59):
to call it anti fragile. It's not being resilient, it's
not being robust, it's beyond that. The resilient. Yeah, that'll
resist shocks. It stays the same. Anti fragile gets better.
This property is behind everything, everything that has changed with time.

(34:25):
You get it, evolution, culture ideas, revolutions, political systems, technological innovation,
cultural and economic success, corporate survival, good recipes, the rise
of cities and cultures. And the same concept needs to
be applied to your portfolio. That's what you're looking for,
that's what you want to do, that's what we try

(34:49):
to achieve here on the proms. We try to cheat
teacher in the program. As we bring people on board,
that's what we put together for you. We're putting together portfolios.
I don't know what's going to happen when the markets
open on Monday, nobody does. But being aware of that
and preparing for stuff that's going to come out of
nowhere will lead to success. You know, you hear all

(35:14):
of these advisors out there that are getting always. The
toughest time in my career was the uh man A
great recession. Was awful. I don't look at it as awful.
It was. It difficult trying to walk people off the ledge,
explain to them again we were, you know, working like
gangbusters here on this program. But again, dollar cost averaging

(35:40):
buying throughout the selloff made people very very wealthy, and
that that's quite frankly, what it's all about. Anyway, we're
gonna move on here. I gotta do some ripoffs and
scams of pile keeps getting larger every single week. We

(36:00):
don't get to this stuff. Edward Jones just reached a
multi multi multi million dollar settlement. This is well, basically
they were having their advisors their advisors. Again, they charge
a fee to manage clients' money, and their advisors were

(36:21):
putting mutual funds with front load commissions into those accounts,
basically double dipping. Now again, urge Edward Jones that you're
friendly your neighborhood Edward Jones office. We've ripped into these
guys repeatedly, Okay, repeatedly. It's my opinion pretty much a

(36:46):
Mickey Mouse outfit, quite frankly, and again I feel bad
for the advisors that are there that signed off on
some of these ridiculous contracts because they can barely get out.
They set it up like the Hotel California, not easy
to leave. And again they're told what to do. Oh,
we're independent local advisor. No, they're told what to sell

(37:07):
and I have to do certain things. How in the
world would the firm allow something so ridiculous they're charging,
they're charging a fee to manage people's money, and then
on top of that, they're banging them out in charge
of putting high commission mutual funds in that account. Oh great,
they paid a fine. Is anybody doing anytime? Is anybody

(37:32):
being held accountable? No, of course not. It's Wall Street.
It's Wall Street where yes, you can go and rip
people off you can steal, you can do some really
underhanded stuff, and if you do happen to get caught,
you can pay your way out of it. You can

(37:53):
pay your way out of jail. And that's and that's
that's what they did again to me, this is something
that came from the top. Again, a lot of the
advisors that work they don't know, they don't know, they
haven't been trained properly, they don't know, they don't understand
what they're doing. They do what they're told. So this

(38:14):
came from on high. Now do you think that that's
an institution that deserves to stay in business or is
that an institution that probably should be unwound and let
their advisors go. That's that's what I think should happen.
But it's not going to Oh this one again. This

(38:37):
is another one of those geez, you know it real
stinks for me to be right again. Warn people about
this one. Craig Allen, executive officer of c M Allen
Capital Management, Ben sentenced to seven years in prison. Again,
small outfit. He's going to prison. We warned you about
this private fund called the Cheat Cheeta Fund. Yeah, defrauding

(38:59):
and investors out of millions of dollars. Again. I could
do hours here just to weekly ripoffs and scams that
come across our desks. Don't be a victim, you don't
need to be get the help you need. Get to
our website. Watchdog on wallstreet dot com. That's Watchdog on
wallstreet dot com. We'll be back.

Speaker 1 (39:26):
Chris Markowski is the watchdog on Wall Street. Well, no
one altered investment banking, consumer advocate, analyst, trader. Chris Markowski

(39:51):
is the watch dog on Wall Street. Answer exposing the
lines and myths that the big brokerage firms, the main
street press, and the government are pushing to keep Americans
away from financial freedom.

Speaker 2 (40:05):
You can't handle the truth.

Speaker 1 (40:07):
financial world.

Speaker 3 (40:12):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (40:17):
This is the watchdog on Wall Streets.

Speaker 4 (40:22):
All right, we gotta start off second out of the program.
Here I have to address, in my opinion, was absolutely
in excusable tragedy that took place in Washington, DC. Inexcusable.

(40:44):
Why was it inexcusable? Well, everybody think about this for
a second. Think about what we're capable of doing. We've
got a guy launching rockets and catching them, launching massive rockets,
rock it comes back down and catching them. And you

(41:04):
mean to tell me we can't handle traffic around an
airport again. People will call all sorts of conspiracy theory.
They're not even I can't even call them conspiracy theories anymore.
We live in a world when all the conspiracy theories
continue to be true. Donald Trump put out a tweet

(41:26):
on put on a tweet on Thursday. The airplane was
on a perfect and routine line of approach to the airport.
The helicopter was going straight at the airplane for an
extended period of time. It is a clear night. The
lights on the plane were blazing. Why didn't the helicopter
go up or down or turn? Why didn't the control
tower tell the helicopter what to do instead of asking

(41:47):
if they saw the plane. This is a bad situation
that looks like it should have been prevented. Not good again,
as a president that is angered by what he sees
as well as I do, as an inexplicable, ridiculous should
never happen tragedy, I mean, how many times people just

(42:09):
don't the past thing about it for the past year. Well,
they'll show it on social media. It'd be like, oh
my god, it was a close call at this airport somewhere.
It was a month or two ago. There was the
Gonzaga basketball team they're playing almost got a hit there.
How does that happen? Well, well, again, we did a

(42:31):
show on this a couple of years ago, a couple
years just talking about how inefficient government is. Do you
know the technology that air traffic controllers are using, some
of which is over forty years old. Do you know
that they actually have to use floppy discs? That's right,

(42:57):
floppy discs.

Speaker 1 (42:58):
I know.

Speaker 4 (42:58):
Young people have no idea what they are to upload
data to the computer system. You take a look at
these computers and the screens. It looks like Asteroids, the
video game from the early nineteen eighties. Oh, you're trying
to attract young people to become air traffic controllers and

(43:20):
they got to use this out data technology. This is
a disaster. It really is. Things like this should not
have happened. They happen. They happen when you have entrenched
interests that are involved. You have people that have contracts
and have buddies in Washington, DC, where they just want

(43:44):
to keep on keeping on you. Somebody is still making
floppy discs. I want to know who's got that contract.
Who's still making floppy disc They did do it obviously
for the air traffic controls and need to do it
for the irs as well. That guy doesn't want his
contract to go away. And I'm sure he donating a
significant amount of money to some politicians somewhere. The money

(44:06):
in politics people is killing us man literally, not figurative,
literally and figure quite frankly it is. Anyway, I need
to talk about Robert F. Kennedy Junior and World War Z.

(44:28):
I was a fan of that zombie movie World War Z.
I thought it was great, and there was a couple
of things in that movie which I kind of found
fascinating in the film. In the film, there was a
scene where they're in Israel. In Israel, and Israel knew
they had walls put up and protected themselves from the

(44:52):
zombie attack, at least for the time being. Got to
watch the movie and when they asked the people that so,
how do you know, how did you know this? And
they said that, you know, we got word that there
was something happening in India, and it was unbelievable. And
we have a you know, a group of people that
make decisions on this, and you know, no one believed

(45:15):
it was true. But they had a rule after the
Holocaust where if there is consensus on anything, they do
the opposite. So the consensus was that there weren't zombies
in India. So what they did was that they prepared
for zombies. But what does this have to do, Robert F.

(45:35):
Kennedy Junior. I'm here to tell you the reason why
he is perfect for the job. The reason why he
is perfect for the job is because all of the
entrench powers, that's right, my watchdog on Wall Street, acts
of evil, big business, politicians in the media are all

(45:58):
against him. Liberal publication, conservative publication. It doesn't make any difference.
That doesn't make any difference. They don't want this guy.
This guy's going after big pharma and selling drugs on
TV and Dad Health with foods, going gonna go after

(46:21):
the food companies out there that are poisoning us. They
hate that, they don't want that. This is why he
is perfect, because they're all against him. I couldn't believe
the Wall Street Journal and if he actually watched the
exchange between Elizabeth Rarn and Robert F. Kennedy JUNR. He

(46:42):
wipes the floor with her, she freaks out. I mean,
she's looking like she's going off, like she's some you know,
angry monkey at the zoo that's gonna start throwing feces
at him for crying out loud his opening statement, Today's
Americans overall health health is in grievous condition. Over seventy

(47:04):
percent of adults and a third of children are overweight
or obese. Diabetes is ten times more prevalent than it
was during the nineteen sixties. Cancer among young people is
rising by one to two percent a year. Autoimmune diseases,
neurodevelopment disorders, Alzheimer's, asthma, ADHD, depression, addiction, and a host

(47:25):
of other physical and mental health conditions are all on
the rise, some of them exponentially. The United States has
worse health than any other developed nation, yet we spend
more on healthcare, at least double and in some cases
triple those other countries. Last year, we spent four point

(47:46):
eight trillion, not counting the indirect cost of miswork. A
healthy person has one thousand dreams, A sixth person only
has one. Today, over half of our countrymen and women
are chronically ill. That's checkmate, right there, check me going

(48:12):
after all of the issues we have with farming and food.
It's all right there in front of us, and we
can make this place better. And again you watch, you
watch what's taking place. This is extraordinary to me is
that if you're paying attention, you're recognizing that the scam,

(48:34):
the scam that these people have been running in Washington, DC,
it could soon be over. It could soon be over.
Watching them the collective freak out all of their golden idols.
Did you take a look at the amount of money
that big Pharma gives to these politicians? You see how

(48:58):
much money Bernie Sanders gets from big Pharma. He runs
in the state of Vermont for crying out loud millions,
Elizabeth Warren, go right down the list. All of all
of the senators that were freaking out and yelling and
screaming and having a hissy fit get major dollars from

(49:20):
big Pharma. Not the same thing's gonna hold true with
big food as well. I don't know if you saw this.
They actually introduced a bill this week to actually do
away with soda from the snap program. You know, it's
a number one item. The number one item being bought

(49:41):
with food stamps the SNAP program is soda. How is
that okay? Wealthy White's okay? Pepsi and Coca Cola want
to make sure that that's okay. They don't want to
get with it. You don't think that they're picking up
the phone call. You don't think against so the media works,
You don't think. You don't think the Wall Street Journal

(50:02):
got phone calls from their advertisers. You don't think the
news network's got calls from their advertisers telling him what.
You got to get rid of this guy. You need
to put pump out, pump out some articles. We got
to take this guy down. This is bad for our business.
And that means, guess what, it's going to be bad
for your business. We're not gonna spend as much on advertising. Well,
you don't think that that takes place. You don't think

(50:22):
that's how the world works. It is, and again, these
are sick people who love money above all. That is
their idol, that is their god. Not about doing the
right thing by the people around them, by their countrymen. No, no, no, no, no,

(50:45):
it's self interested. They worship money. This is a no
brainer for crying out loud. But oh, you're gonna get
all sorts of pushback, won't you. Of course you will.
Of course a lot of money, a lot of money
in keeping people sick, a lot of a lot of

(51:05):
money in chronic diseases. Oh it's that's a kid. It's
a cash cow. Oh you gotta you gotta keep people
on all of these drugs, Keep them on insulin, keep
them on this, Keep on all these drugs because they're unhealthy.
Big business. Unhealthy living is big business here in this country. Now.

(51:25):
Oh yeah, we gotta put everybody you want to bill,
put everybody on os M PIC yep. Make it for medicare,
make it for Medicaid. Yeah. Do you know much money
that that's gonna cost us? How about how about you know,
buying everybody a gym membership? In said for crying out loud?
This is why he is perfect for that. No better

(51:49):
sign when you see when you get consensus from the
watchdog on Wall Street acts of evil that they've got
to get rid of a a candidate for a certain position,
a lot of I'll tell you that, I'll tell you
right then and there, that's a right person for the job.
Gotta take a break. Watchdog on Wallstreet dot com. Watchdog

(52:10):
on Wallstreet dot com again is our site. Become a
part of our family, our personal CFO program, our podcast, newsletter,
all sorts of great stuff The Watchdog on Wall Street
dot Com. We'll be back.

Speaker 1 (52:43):
Bringing America financial freedom, one listener at a time. You're
listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (52:51):
Hey, I gotta again. I do this all the time.
That's that's say my uh. Whenever we talk politics here
on the show, which is often we do talk politics,
send the effect on money the economy. Again, I always
say I'm not a member of any political party. I'm
a libertarian conservative guy by nature. But I am an
equal opportunity basher. And again again, I don't subscribe to

(53:17):
any team. Okay, I'm not on I'm not on Team
Trump and wearing a pom poms and a skirt. Okay,
I'm not by any stretch. People have heard me over here.
I've been very critical of some of the things that
he's done over the year. Is very critical. But we're honest,
and let me tell you something. I never seen anything
like this. This is unprecedented. I honestly you know what

(53:38):
it feels like, match, just it feels like Christmas every day. Yeah, Moemi,
you were a kid. Oh you couldn't wait for Christmas
going downstairs and whether or not. Oh my god, I
was gonna get this, you know, the Planet of the
Apes action figures or my Steve Austin six million dollar
man action. I add, I feel like it's Christmas every

(53:59):
day with the things that are being done and the
stuff that is being rolled out. I've never seen anything
like this, completely unprecedented. Let's, you know, start off talking
about his offer to federal workers. His offer to federal workers,
either you come into the office full time by February sixth,

(54:23):
or you fired. And hey, how about this, If you
don't want to come in anymore, guess what, that's fine, resign, resign.
We'll pay you for the next eight months, but you resign.
And again it was funny, I see how brilliant this
was because he also put out saying, hey, if you

(54:43):
decide not to resign, that doesn't mean that doesn't mean
that your job might not be eliminated. So it's getting
many people thinking twice, this is like a dream come
true to me, is eliminating government workers there's nothing greater
than eliminating waste, and that's what it is. I mean,
they got a hiring freeze right now. You know, the
government hires like two to three hundred thousand people a year.

(55:04):
Hiring freeze. You know the type of money that this
is gonna save us and give me a favorite people. Okay, Oh,
it's a lot of great government workers out there. Well,
and I'm sure that they'll stay on. Okay, but believe
you me. Okay, over ninety plus percent of the work
is being done by ten percent of the people. Okay,
we all know this. You see the videos they actually

(55:27):
go on and they post videos on social media whining
and complaining. Oh my god, I'm gonna have to go
back in the office. This is terrible. I thought I
had that was part of the agreement, was job security,
and now I'm gonna now I'm gonna have to find
somebody to babysit my kids. Well, welcome to the real world.

(55:49):
Government sector workers get paid more than the private sector does.
I'm supposed to feel sorry for you. Oh you got
all these stories. I'm terrified workers describe the dark mood
inside federal agencies. Good if people, I'm sorry Okay, job protection.

(56:15):
You either get it right or you get eliminated, and
that it's a Gordon get go line. But that needs
to hold true even for government workers. And it's funny,
funny you see them they putting out I gotta share
you this. I mention just on the podcast, lots of
these going out there. I'm about to be laid off.
Where do I even find a new job? Thanks to

(56:38):
the executive orders issued by our greatest American patriot president
and his overwhelming mandate, my company's going under because nothing
screams America First quite like making thousands of Americans unemployed.
I spent my entire thirteen year career in the field
of international development. I have no skills or experience outside

(56:58):
of this field. What the hell is that field? Exactly?
What exact you that is a field? Do they have
a special college that you go to a special program
called international development. That's the only thing that you're capable
of doing is international development? Whatever the hell that is? Yeah,

(57:20):
this is who these people are. They love it. They
love their cushy government jobs with their lengthy vacations and
multiple breaks and short work days. Yeah, it's they're like
no show jobs. I always think again. I always thinking
like Pauli Walnuts from the Sopranos sitting outside the construction

(57:43):
site in joy Zy, sunning himself. And you know it's true.
And then all of these other agencies being cut off,
the non governmental organizations, Oh, how are they gonna survive
without the government giving them money? People, we've lost our

(58:04):
minds when it comes to spending. We really have fifty
fifty million dollars for condoms for the Gaza Strip. I
actually looked up on CBS, I said, well, how much
is a condom? And I guess you Well, at CVS,
a thirty six pack went for thirty three dollars. So
I did a little math and I figured it out,

(58:25):
and I figured that fifty million dollars would buy some
I mean, ridiculous number. Fifty five million condoms for two
million people. What are they doing there in the Gaza Strip?
Are they freebase in Fiagra? How does it work? No? No, again,
this is and again what you're seeing right now, as

(58:45):
you're seeing all of these these line items that are
coming out. Here's the one here for for gender based
violence and transition and a Ukraine. Here is fifteen million
dollars going to the anti defamation leak. What now you
see people, And this is what's great. This is what's

(59:05):
great right now is that these are these are these
are things that we've talked about here, ridiculous government spending
on the program. But I'm you know, man's got to
know his limitations, and I know the limitations of this
radio show. We're on some two hundred stations. Yeah, we've
got our podcasts, Jordan stations on the weekend. Even got
guys like Rand Paul that has been highlighting this in
the halls of Congress for years. But now it's going

(59:29):
on X and Elon's tweeting these things out and people
are starting to see where their tax dollars are going.
You know what it is. These are contracts that are
being handed to people that are tied to people in government,
their friends, their buddies. This is how they enrich themselves.
This is how the Axis of evil, the Watchdog and

(59:50):
Wall Street Access of Evil works. And we can put
a stop to it. Watchdog on Wallstreet dot com, Watchdog
on Wall Street dot com. Don't go anywhere and we'll be.

Speaker 2 (01:00:02):
Back from your worst.

Speaker 4 (01:00:05):
Chrems sax like on sex sex frame nine.

Speaker 1 (01:00:14):
You're listening to the watch dog on Wall Street. Mm hm,

(01:00:35):
taking Wall Streets liars, crooks and cheets out behind the woodshed.
You're listening to the watchdog on Wall Streets already.

Speaker 4 (01:00:46):
Uh So the Federal Reserve, Federal Reserve had their meeting,
and they're they're gonna hold Pat. We're gonna hold Pat
right now. And hilarious, Donald can't down. Trump comes out
and rips J. Powell, and the Fed rips him. Didn't

(01:01:08):
tell him what to do with interest rates or anything
like that, but basically called him out, called him out
for what they are useless, feckless, wrong and like clockwork,
like clockwork. Oh no, all of the all of the
people in the media that cover the Fed and the elitists. Oh,

(01:01:30):
they're they're clutching their pearls. Oh, grabbing the selling salts.
They got, they got the vapors. There's that Donald Trump again.
And here's uh Nick Timmeros. Oh, he's a well respected
journalists Wall Street journal covers the FED. His entire existence
is basically the Fed. That's what he does. Ah. President

(01:01:51):
Trump picked up right where he left off during his
first term, badgering, badgering a favorite nemesis, the Federal Reserve
in its chair, badgering right, and Trump said, because J.
Powell and the FED failed to stop the problem they
created with inflation, I'll do it. Yeah, talked about Powell,

(01:02:13):
talked about the FED, and uh, oh, J. Pold, I
kind of have any comment regards to what the President
had to say. And again, all of these people at
the Federal Reserve that I know, and oh, they're so smart.
Look at all the degrees, Look at all the degrees
that they have. None of them have had a real
job in their lives. They've never had a work in

(01:02:33):
the private sector. And I challenge anybody, challenge anybody to
give me a feder somebody in charge, Well, you get out.
You're gonna go back to Paul Volker, somebody who actually
called out government spending, did what was necessary, got the
job done. They've been parenthially wrong. Janet Yellen said before

(01:02:53):
the financial crisis that the economy was fine. Ben Bernanke said,
all the housing market is fine. Alan greenspan ah, I
got a little irrational exuberans in ninety six, but did
nothing when it came to all of the margin rates,
and people kept borrowing and buying stocks on margin in
a nonsensical way J. Powell, Inflation is transitory. Keep printing money,

(01:03:16):
not calling the government on anything. They're always wrong. And
Trump's right, Trump's one hundred and ten percent right. We
mentioned this a week or two here on the program.
The Federal Reserve has lowered interest rates by one hundred
basis points over the past what three four meetings, interest
rates have gone in the opposite direction, the exact opposite direction.

(01:03:43):
That's that's the markets, my friend, that's that's the bond market. Well, again,
explain to me, Nick Timros, what is the purpose behind
the Fed If it doesn't matter, the markets are going
to take care of interest rates on their own. Donald
Trump can deal with inflation and can deal with interest
rates by doing exactly what he's doing right now, cutting spending,

(01:04:07):
cutting spending, and to continue to cut, continue to get
rid of waste. Once if once the world figures out,
if the world finds out that we're actually serious about
that and getting our fiscal situation under control, and that's
something we're going to follow through with. It's not just
a bunch of talk. We're going to continue to cut

(01:04:28):
the wasteful spending, getting our fiscal house in order, interest
rates will drop quickly. Quickly. There was actually a piece
by Jody Errington in the Wall Street Journal talking about
dealing with our national debt. Every ten percentage point reduction

(01:04:49):
and our debt to GDP ratio good lower interest rates
by a quarter point saving and again that saves US
tens of billions out It's compounding in the right direction,
saving US tens of billions of dollars annually. The CBO
also estimates that stabilizing our debt to GDP ratio could

(01:05:11):
add fifty five hundred dollars to real per capita income
by twenty fifty four. Lower debt levels restores confidence, reduces
borrowing costs, and puts us on a secure path. This
is what we need to be working on. And I'm glad.

(01:05:33):
I am thrilled. Like I said, it's like Christmas every
morning to see these stories coming out, people seeing the waste,
the waste, starting to see the cuts defunding all this.
Fore and aid it said five hundred million dollars to
Uganda to teach DEI What that was? An eighteen million

(01:05:54):
to Burma for Dei College or something like that. You
can't make this stuff up again. You get rid of that,
you get us on a fiscal path. Yeah, rates will
come down. You don't need J. Powell and the Fed
to do it. It'll happen all by itself. Gotta take
a break. Watchdog on Wallstreet dot com. Watchdog on Wallstreet

(01:06:15):
dot com again is our site. You have become part
of the Watchdog on Wall Street family. Take advantage our
personal cfall program, podcast, newsletter, all sorts of great stuff
Watchdog on Wallstreet dot com or give us a call
eight hundred four seven one fifty nine eighty four.

Speaker 1 (01:06:46):
This is the Watchdog on Wall Street.

Speaker 4 (01:06:52):
That's funny. We again another great see I told you so.
A moment didn't take long. It took less than a week.
Democratic law ares led by Elizabeth Warren sending Donald Trump
a letter. Yes, yes, the Senate has wrote me a letter. Yeah,
a lot of these lives in the Senate sending a
letter to Donald Trump saying that you haven't brought the

(01:07:14):
price of groceries down yet. You haven't any good on
that promise. Did I tell you this was gonna happen immediately? Again,
Donald Trump is gonna use these letters from Elizabeth Warren
and these liberal Democrats probably as well. I can use
it as toilet paper if he likes as far as
I'm concerned. But let's be honest here, when you wreck

(01:07:38):
something to the degree that we have wrecked our economics,
our economy here with ridiculous covering, they're thirty six trillion
dollars that printed all of this money. You think you
think we're gonna be in tip top shape overnight. This
is gonna take time and it's gonna be a process.
And he's doing that pushing for more energy, cutting costs. Yeah,

(01:08:04):
that this will bring prices down without a doubt. But
in the same sense is that you know, if you
let yourself go for years and years and years, and
you say this, so if you know what I got,
I gotta finally start taking care of myself. I gotta
get myself out of shape. I'm gonna go to Jim.
What do you think a week in weekend you're gonna
be uh, you know, ready to go for the next

(01:08:24):
Mister Universe pageant. No, No, it takes time. Anyway. I
have to comment on Donald Trump's speech that he gave
to Davos, and again, in my opinion, my opinion, was
one of the best speeches I've heard from an American president,
and I don't know how long. I'm hard pressed to

(01:08:46):
think of a better speech. He stood up in front
of all of those James Bond villains at Davos and
basically told them this is the way it's gonna be,
this is the way it is. They've lost. We're finally
defeating these Bond villains, these globalists there. They don't know

(01:09:07):
what to do. They're even admitting it to themselves that
they've lost. He went after people. Oh, it's going after
our allies in Europe. Oh, give me a break. You
know what a true friend does. A true friend is honest.
True friend is honest with you. They don't blow with
you know, the proverbial smoke up the wazoo, if you

(01:09:29):
know what I'm saying. Donald Trump calling out Europe and
just how pathetic they are, Just how pathetic Europe is
at this point in time. They can't get out of
their own way, stood up, stood up to them. For
American companies for yeah, yes, Apple and Google and Amazon

(01:09:51):
and all of these companies that are being attacked by
the European Union for doing i don't know, good work,
putting out a great product. Why are they going after
these companies? Why are they finding them? Because they've got nothing.
They don't build, they don't create, they don't do a
damn thing. They've driven themselves into the ground. And that
speech to all of those empty suits. In Davos, he

(01:10:16):
talked about the horrors of war and the need to
stop with this nonsense. In the Ukraine Russia, to put
an end to this, he talked about getting rid of
and reducing the nuclear arsenal. I mean, last time I checked,
this is stuff that I mean, I thought leftists used
to agree with they wanted to have happened. But no, no, no, no, no,

(01:10:36):
it's not about that. And then, sure enough, sure enough
this past week and Davos has moved on and the
European Union is putting together a PowerPoint presentation how they
can be competitive. And it's the same crap. It's the
same carbon crap. Listen, Okay, if that was any country
within the European Union right now, listen, I'd be looking

(01:10:59):
for the the exit ramp at this point in time, Poland, Italy, Greece,
some of these other countries that are doing the right thing.
It's time to get out. Watchdog on Wallstreet dot com,
Watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (01:11:18):
Chris Markowski is the watchdog of Wall Street, the only

(01:11:38):
man who is taking on the Wall Street establishment. You
are listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:47):
A righty kids, welcome back. It is the Watchdog on
Wall Street show. They say about the Devil's the devil's
greatest trick. Greatest trick by the devil is to convince
everybody that he's not real. Well, that's again, that's how

(01:12:08):
big government is when it comes to taxes. The fact
that most Americans have no idea the taxes that they pay.
There was this great list that was put together. Again,
you have multiple levels of government, how this stuff is
broken out, and again it's done this way so you

(01:12:28):
don't see what you're paying in total and the reality
reality situation. I kind of took a look at it.
For myself is probably paying anywhere between sixty to sixty
five percent of what you make in taxes, whether it
be federal income tax, state income tax, county property tax,
sales tax, l security tax, disability tax, medicare tax, unemployment tax,

(01:12:53):
utility tax, across nearly every utility, communications taxes, recycle tax,
battery tax, emission tax, highway use tax, short term rental tax,
climate change tax, tax, preparation costs, refuse disposal, airline tax,
transportation tax, municipal district improvement tax, vehicle tax, faery tax.
I know, on on on. We are in a perpetual

(01:13:17):
state of paying taxes. That is the sie. That's how
big government has become, and we need to get rid
of it. That's that will truly help to make America
great again. This I have to talk about as well.
I was thinking of that the movie Zoolander there there

(01:13:39):
with Ben Stiller, there with the Derek Zulander School for
kids that don't read good? What is it? Derek Zulander
School Center for children who can't read good and want
to learn to do other stuff good too? Yeah, Well,
sixty of eighth graders scored at a basic reading level

(01:14:04):
sixty seven percent. That's the lowest share sense testing began
sixty fourth grader's hit that benchmark reading. Uh again, listen, Okay,
I'm gonna be honest with you. Okay, my kids got
to high school and some of their the you know,

(01:14:24):
their calculus classes. I couldn't remember that stuff. Yeah, I
got tutors for that, but reading. Listen, if your kid
is having trouble with with reading and reading comprehension. I'm
gonna be honest, that's on you as a parent. What
are you doing? Honestly, what are what exactly are you doing?

(01:14:47):
It's it's I'm being honest here. It's your responsibility to
educate your kids. It's not the state, it's not the schools.
It's you. And I make this perfectly clear because they
always talk about this with school and I made this
perfectly clear. It's the parents that make good school districts,
plain and simple. If the parents are not going to

(01:15:08):
give a darn about whether or not their kids can
read properly or they're getting their homework done, there is
no school teacher that's going to be able to circumnavigate that.
It's just that simple. I know all these kids on
their phone. They don't even read anymore. Hey, I want
some video on TikTok. Take the damn phone away for

(01:15:29):
crying out loud. This is sixty percent. That's it. Sixty
percent can read at a basic level in fourth grade. Brutal.
I'm gonna file this under you don't hate the mainstream
media enough, because you don't New York New York Magazine

(01:15:54):
put out a put out an issue front cover of
the New York magazine's this Big Party. A lot of
attractive young people having a grand old time. And the
title of the column that they were highlighting is the
Cruel Kid's table out Late with the young right as
they contemplate cultural domination, written by Brock Colark. And again

(01:16:18):
you can find this Brock character. He's a trans fella.
He's a trans fella. And again it's very noticeable on
the cover of the New York magazine. All the people,
very attractive young people, all white. Well, as it turns out,
New York Magazine cropped out all of the black people
in the picture, not making the sub that's what they did.

(01:16:42):
They cropped them out of the picture. You don't hate.
I hate using that word hate, but there's no other
way to describe it. It's because it's just pure evil.
The mainstream media enough, they're awful, they really are. And
then let's uh, let's move on, shall we. Let's move

(01:17:04):
on to uh, Margaret Brennan and her creep show. That's
what she should rename it. Oh yeah, she interviews JD.
Vance and again some of the suggestions that she made
in that interview that people that live in the South

(01:17:25):
are too dumb to handle disaster disasters that they need
smart people from DC. They need FEMA to do this again,
it was it was a creep show. You know what
she reminded me of. There was Actually it was a
great horror movie from the early nineteen eighties, eighty one
eighty two was called creep Show and it was this, Uh,

(01:17:48):
there was. It was like a bunch of short stories,
scary stories, and one was entitled to create and Margaret
Brennan could have that. You'll know what I'm talking about.
If you haven't seen a movie again, I recommend it's
a pretty campy, great old horror movie. But this, this
is who these people are. They despise you, despise us.

(01:18:14):
And she watching jd Vance actually take her a part
in that interview was great people. Again, this is fantastic
people standing up for themselves, not cow telling to these
people in the press. They all know one another, They're
all buddies that want It's all the same. Like I said,

(01:18:36):
Watchdog on Wall Street, acts of evil, big business, politicians,
and the mainstream media. Yeah, mainstream media, creep show. Gotta
take a break. Watchdog on Wallstreet dot Com Watchdog on
Wallstreet dot Com again, personal CFO program, podcast, newsletter, all
sorts of great stuff. Watchdog on Wallstreet dot Com. We'll

(01:18:58):
do that.

Speaker 1 (01:19:04):
You're listening to the Watchdog on Wall Street. Well, no
one altered, investment banker, consumer advocate, analyst, trader. Chris Markowski

(01:19:28):
is the watchdog the Wall Street 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 (01:19:42):
You can't handle the true.

Speaker 1 (01:19:44):
financial world.

Speaker 3 (01:19:49):
Ladies and gentlemen. We're out here to indulge in fantasy,

Speaker 1 (01:19:53):
This is the Watchdog Wall Street.

Speaker 4 (01:20:00):
Welcome back about an Isley one, the only the Watchdog
on Wall Street show. That's that. We talked a little
bit about uh Donald Trump's epic speech to the Davos
Bond villains, and we talked about Europe and there again
they're still using power point in Europe. For crying out

(01:20:23):
loud again, you want to get me to leave a
room quickly, put up a PowerPoint presentation and see how
quickly I leave the room or presentation and on their
little stupid PowerPoint slides. They got decarbonization. Decarbonization is innovation.
How's that working out for you? Huh? Anyway, I have

(01:20:43):
been a long time proud climate denier. Yes I have,
because i've again I'm thoughtful. I'm thoughtful. And here's a
little bit of information to everybody. Okay, people think scientific consensus.
That doesn't that phrases an oxymoron, It doesn't exist. Okay,

(01:21:07):
that there's no such thing as scientific consensus. I think
people are finally starting to recognize. Okay, and now it's
just like Plato, Plato in his cave. Everybody's looking at
the shadows in the wall, and I think people are
starting to look into the light and starting to say,

(01:21:28):
wait a second here, Oh, it's climate thing. All these
these people have been telling us all this stuff here,
but uh, nothing's happening, and they don't seem to be
living that way. Yeah, what are we going on about?
I'd say about thirty years? Thirty years and again, I

(01:21:50):
am going to believe that this is going to go
down as one of the greatest financial frauds in the
history of the world, one of the greatest financial frauds
in the history world has been this whole climate thing,
and if you disagreed with it, oh, you're rejecting You're
rejecting science and settled science and consensus. No Oh, I

(01:22:12):
didn't believe that the Earth is going to face extinction
from global warming, because that's what it was. It was
global warming. Limball used to have on his website. You
have a picture of like Al Gore breathing fire, Al
Gore breathing fire and countdown clock to when we were
all gonna die. Yeah, and that global warming didn't work

(01:22:35):
because every single time Al Gore would show up to
give a speech somewhere, it'd be freezing cold out because
God's got a sense of humor. So he changed it
to climate change. Yeah, and then we then we got
these bs degrees. I'm a climate scientist, right right. Sure Again,

(01:22:59):
it was get the whole thing in of itself again.
I got you people that are starting to come around
now and recognizing this for the utter bs that it is.
I know it's gonna hurt a little bit, but if
you actually think about just really how dumb the entire
thing is. I mean, let's let's go back. Let's go back,
Shelley again. It's telling us you know, oh, you know

(01:23:21):
your carbon footprint, and you gotta get this down, and
you need to have electric cars, and you have to
do this. You even notice that again all of the
people that were pushing this stuff, they didn't live by it. Yeah,
I remember this thing kicked off. You know, they're really
pushing all these things. And I said to myself, well,
you know, people need their cars and they have to

(01:23:43):
it's a necessity. They got to get to work, they
have to do all this stuff. If this is really
if this is really this big of a deal, and
we're all going to die, why not ban recreational vehicles? Boats?
They all run on gas. Right, Well, again, you know,
at this crisis going on, why don't we why don't
we do the low lying fruit? Yet, you don't need

(01:24:04):
to go out on a boat unless you're a fisherman,
so you we basically ban all all pleasure craft. Right
every summer, Leonardo DiCaprio and his ilk hanging out hanging
out on Katzenberg's boat or Geffen's boat, along with the
Obamas somewhere in the Mediterranean. Do you ever see, ever,

(01:24:26):
let's see how much those boats burn in fuel. Remember
Al Gore with his live Earth Concert, flying people all
over the world. And he had his website there where
he had to input your information and then send him
a check so you could exercise your carbon demons right right,

(01:24:50):
and and the best one, the best one of them all.
And again, if you haven't gotten your arms wrapped around this,
the whole ev bowl excrement is the fact that we're
not allowed to buy inexpensive Chinese EV's. Can't buy them.
They're banned, banned in the USA. Now again, if this

(01:25:13):
is this big existential threat, this is going to kill
us all geez could be me calling me crazy. We
better take those Chinese evs so everybody can get one, right.
And I've given this example as a life preserver. Guy
drowning in water. You have Chinese life preserver to save

(01:25:33):
man drowning in water. Uh no, we banned it. Sorry,
can't use Chinese life preserver. This is again, this proves
that the whole thing is a scam. It's a scam.
You ether all give us the size of al Gore's house.
Al Gore's house, and again, you know the oceans are

(01:25:54):
creeping in, and yet you know they're still buying. Obama's
buying a house on the beach in Martha's Vineyard or
bar Harbor Province down Santa Monica, Malibu, Miami. It doesn't
make any difference. Listen, being a proud climate denier, if
we again this is this would be enormous. We have

(01:26:14):
wasted so much money and so so much of our
resources on this scam and all of these fake companies
and technologies that are outdated and stupid windmills and solar panels.
Really really ever see the meme out there where they
got the pictures of the cows grazing on the farm,

(01:26:35):
and then they got the underneath it. You got the
pictures of these solar panels as far as far as
I can see. And the question is if you think
that these, you know, cows are the problem with is
with the environment rather than what they're doing with these
you know, let's cut down the forest and put up
solar panels. What was that Joni Mitchell paved paradise and
put up a parking lot. How about how about uh

(01:26:57):
cut down the trees, pave over paradise and put up
stupid saw panels. It doesn't make any sense. And the
sooner that we get away from this, the better off
we're going to be cheap energy. The ability to have
energy is going to lift all boats. You know, it

(01:27:18):
was funny. I pulled it up. This is an article
that I wrote back in November of two thousand and four.
Al Gore goes to Wall Street. This is true. I
remember being flabbergasted by this. Al Gore is going to
be an investment manager again. Two thousand and four. And yeah,

(01:27:39):
he set up a fund management firm with David Blood.
It so former chief executive Goldman Sachs Asset Management, Generation
Investment Management, based it in London, that was going to
and they said it was going to invest in global equities. No,
what it was was a way to kick off this

(01:27:59):
cole Cli nonsense. And it made al Gore extraordinarily rich
because at the time he didn't have anything. He didn't
he didn't and an invest in the markets. He was
going to be an investment man. Amazing how he managed
to pull off this scam. You got a credit with
the greatest financial scams of all time. And as sooner

(01:28:21):
we put it to bed, the better off we're gonna be. Anyway,
let's talk about the deportation bonanza that's taken place right now.
I want you to get your arms Think about this
for a second. Okay, it's been been Trump's been president
a little over a week, couple of weeks, and all

(01:28:42):
we start seeing all these these criminals, these hardened criminals,
bad people, rapists, pedophiles, violent offenders being rounded up and
shipped down, being rounded up and shipped out. Now do

(01:29:04):
you think do you think that these people that work
in for ice border Patrol, do you think that they're
really that good in the sense that they're able to
all of a sudden track down all of these criminals
that quickly. Now, so what does that tell you? What
that tells you is is that the prior administration, the

(01:29:27):
prior administration, and also people you know, like mayors and
governors of certain states knew exactly they knew where the
bad guys were, and they chose just get your arms
around this. They chose to allow these pedophiles, rapists, violent
criminals to live in your neighborhood. It's a beautiful day

(01:29:52):
in the neighborhood. Violent criminals everywhere they let them do that.
Get you arms around that. As an American taxpayer, the
amount of money you spend in taxes and all you
really ever asked for okay is to keep law and order,
help keep us safe. But no, no, no, no, no, no, no,

(01:30:14):
no no. The Biden administration they knew who and where
these criminals were and they did nothing. Think about how
sick that is due to politics. They did nothing. I

(01:30:37):
am I'm loving what's going on right now. I do.
I like the fact that Trump said, hey, he told
all of those I R S Agents that Biden tried
to hire maasically saying you're gonna either get rid of
them or turn them into border agents. And then then
the great thing was was last weekend too. I'm sorry

(01:31:00):
last weekend when all of a sudden, the country of
Columbia are not taking We're not taking out of these
flights of our citizens back into our country. Donald Trump
on the golf course, Like I said, it's been like
Christmas every single day with this guy so far. I'm
being honest. Right now killing it, puts out a tweet,

(01:31:23):
puts out a tweet of the list of things he's
going to do to Columbia unless they backtrack, but quick
and in less than an hour. In less than an hour,
Columbia caved. Not only did they cave, they sent their
own presidential plane to come pick up their citizens. Fantastic.

(01:31:46):
Could you couldn't make this stuff up? For crying out loud.
I mean, I'm following this in real time last Sunday,
and I'm like, I can't believe what's going on. I
can't believe. I'm trying to get my arms around this. Wow. Wow,
we had a president that want seems to care about
the American citizens. For crying out loud, there's a first

(01:32:08):
in a very long time, not looking at wage war
all over the planet, not looking to convert other countries
to like Britney spears and our music, and just make
America great. Let's fix this place, Let's take care of
business here. They're not caring what the chardey sipping class gives.
It gives a damn and care about that which is great.

(01:32:33):
More the same, Please, more the same. I like Christmas morning.
Every day. Gotta take a break. Watchdog in Wallstreet dot com.
Watchdog on Wallstreet dot com again, our personal CFO program,
our podcast, our newsletter, all sorts of great stuff at
our site, Watchdog on Wallstreet dot com, or give us
a call eight hundred four seven one fifty nine eighty four.

Speaker 1 (01:33:13):
You should believe in math not magic. You're listening to
The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:33:20):
Wow, I was sad to see this, and hopefully this
will this will change my favorite I mean, I've talked
about it on the podcast and I may have talked
about here on the show and all my favorite app
is Hallow. And it turns out China has shut down

(01:33:41):
the Hallow app, removed it from the app store in China,
and now, believe it or not, the European Union is
shutting down Hallow because I guess that you're not allowed
to have any religious app in the European Union, which
quite frankly, is pretty sad. Anyway, hopefully that the they'll
do something about that and it'll change. Anyway. I don't

(01:34:04):
know about you, but I'm seeing a big shift here
in this country. I think people have been lost for
a long time. Hearing about it all over the country.
More and more people going back to church on a
regular basis, engaging in their faith, which is again, this

(01:34:30):
is great, great news. I asked the questions past week
on the podcast, and the question is does America Does
America need a dictator? And people, what what are you
talking about? Well, anyway, I'm going to go back to

(01:34:51):
John Adams. John and one of our founders and our
founding fathers understood this. And these were very, very bright,
and these were men of letters, these were well read individuals.
And again what they put together, it's again, it's extraordinary,
the United States Constitution and what they were able to accomplish. However, freedom, freedom, again,

(01:35:21):
lack of regulations, lack of somebody looking over your shoulder
telling you what to do all the time, all in
truths of government. That's possible only if you have a
moral and religious people. As John Adams said this, So
our constitution was made only for a moral and religious people.

(01:35:43):
It's wholly inadequate to the government of any other. Morality
and virtue are the foundation of our republic and necessary
for a society to be free. Virtue is an inner
commitment and voluntary outward obedience to principles of truth and
moral law. Private virtue is the character to govern oneself

(01:36:07):
according to moral law at all times. Public virtue is
the character to voluntary sacrifice or subjegate personal wants for
the greater good of other individuals or the community. Specific
moral virtues include charity, justice, courage, temperance, reverence, prudence, and honesty.

(01:36:35):
These virtues are the moral fiber and moving force to
act in accordance with wisdom. Again, this is what we need.
And this is not just This is not just the
United States in regards to our system of governing. This
is what I believe in when it comes to capitalism
as well. Capitalism really works well when there is a

(01:37:01):
moral foundation. Laws have limitations. Again, we're human beings. They
write all sorts of laws. We talk about regulations. I
often talk about securities laws. How they're written in gray,
not in black and white. There's no thou shall not
this or thou shalt not that. And I guess it
leaves a lot of room for ambiguity and people to

(01:37:24):
take advantage of those gray areas. Someone who is morally
grounded will look at something and saying, yeah, I could
do that. It's perfectly legal for me to conduct or
to sell this investment product. Okay, but it's not the
right thing to do, so I won't do it. And

(01:37:47):
this is the importance of having people in a society,
a free society. Free society, you need to have a
moral people, a moral and religious people. Other than that,
you need yourself a dictator. So I'm glad to see
more and more people getting back to church talk quickly

(01:38:08):
about this as well. And this is talking about our
healthcare system here again, I have been talking about this
for some time. When Obamacare was being rolled out, it's
tasked actually go through page by page, certain pages we
were signed to go through and pick the thing apart.
And I knew we called exactly what was going to happen.

(01:38:30):
The disaster we have today, it's it's awful right now.
I'm experiencing firsthand here where I live in Tampa, Florida,
which is an absolutely booming area, but it's happening all
over the country. These numbers were shocking to me. Shocking
to me. This is the amount of physicians we have

(01:38:52):
in the United States per ten thousand people. We are
a third to last and industry realized nations and general
practitioners three point one three point one general practitioners for
every ten thousand people here in the United States, twenty

(01:39:13):
three specialists three point one general practitioners. This is what
Obamacare has run. People don't want to be physicians anymore.
In fact, it's nearly impossible for them to even get
ahead and make money in many fields anymore. Again, it's

(01:39:36):
what they wanted. It's by design, they wanted to wreck it.
Gotta take a break. You're listening to the Watchdog on
Wall Street show, Watchdog on Wallstreet dot com, Watchdog on
Wallstreet dot com. Now you, now you.

Speaker 1 (01:39:52):
Chris Markowski is the watchdog of Wall Streets bringing America

(01:40:15):
financial freedom one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:40:24):
I would see, uh, I would see oil companies would
just pull out of the state of California to say
he listen, we're not gonna sell We're not gonna sell
oil here anymore. We're out shut. We're gonna just close
up shop and just stick it to these politicians, Democrats,
democrats that were affected from areas affected by the wildfires. Yeah,

(01:40:49):
they put out legislation that would actually put the oil
and gas companies on the hook for the natural disaster costs.
And this is an actual quote from a liar. This
is she's either an absolute moron or a liar. It's
either one or the other. Big Oil knew this would

(01:41:12):
be our future, but prioritize lining their pockets at the
expense of our environment. And the health of our communities.
This is Pasadena Centers, Sasha Renee Perez, and this legislation
would hold US oil and gas producers liable for climate
disasters including fires, floods, mud slides, and extreme heat events. Yeah,

(01:41:37):
we already went over this, the fact that the whole
thing is a scam to joke fires and taking place.
They've been in California. California didn't prepare properly. And now
now they want to make all of us pay. They
want to make all of us pay because then again,
when they sue the oil companies for this, they didn't

(01:41:58):
do this because they're stupid and they can't handle their
business in California. And you got a lot of morons
voting for morons. I'm sorry, people, I don't know any
harsh but it's true. Okay, then it just raises the
costs for everybody else. I was Donald Trump, I'd be
intervening in this in a heartbeat and say now no,

(01:42:19):
this is done again. You know, let's say you hate
the oil companies and gas companies so much, why don't
you stop using their products? Huh? Stop using their products?
You left us, You can't and you won't. There's like
a rant from the television show land Man, which is
fantastic with Billy Bob Thornton. You won't. We're gonna go
live it a tent. You're gonna cut down trees, make

(01:42:41):
your own little fire. Is that what you're gonna do? No,
you can't, and you don't want to. You're just a
bunch of losers that didn't do your job and looking
for someone to blame. And it's again you're looking for
those deep pockets. I don't know. I don't know how
these people live with themselves, I quite frankly, I really don't.

(01:43:04):
I don't know how they do it. Anyway, here's something
that I'm gonna add to doze. Okay, a couple things well,
first and foremost, FEMA FEMA needs to be done away with.
Trump has a great point in getting rid of FEMA FEMA.

(01:43:25):
Then Washington, d C. I're gonna roll in and our
trailers and they ever done anything right? Quite frankly, shouldn't
this be allocated to say? Isn't it the governor's job.
Governor's job is to manage his or her state. Wouldn't
it be better if if this is this type of
preparation was done on the local level. I keep good.

(01:43:49):
I go back to Katrina, and there's George W. Bush. Brownie, Brownie,
you're doing a hell of a job. Brownie. There's this guy,
I don't know, maybe his family donated to Bush. The
guy ran guy ran horse shows, horse shows, and I
don't know. Somehow he got appointed to be in charge

(01:44:09):
of FEMA. And we saw what happened there at Hurricane Katrina.
And who got it right? The military got it right.
I don't remember the general that was there. Memory was
ripping into people. You know, you're stuck on stupid and
the private sector. Then you had Walmart coming in with
their supply chains and handling the problem, handling it. Now,

(01:44:30):
this should be eliminated. It should be returned to the States.
And you're watching right now, real time, real time. Mainstream
media is not covering it. What's taking place right now
in North Carolina. What they're doing in North Carolina now
that Trump's in charge, the dump truck's moving in, stuff
being accomplished, stuff getting done. So Donald Trump out in California,

(01:44:53):
ripping in to the people in charge. What do you
mean it's gonna take this long for people to get
to their homes? This is. It's ridiculous people. Can people
do this by themselves. They can clean their yard by themselves.
What the hell they need to permit for? Again? They
they need to permit because useless people need a job
issuing permits. Yeah, useless government workers need you know, paper

(01:45:19):
pushers that really don't do anything. I gotta I can't
get that that that you know, the movie Brazil out
of my mind when I think about all these paperwork people. Anyway,
you want another cancel as well? How about how about
PBS and NPR. Oh, Mark kills. You want to kill
big bird? No, big bird is not gonna die. Big

(01:45:41):
bird will be alive, Sesame Street will move on to
uh greener pastures if you will. But the money that
we're wasting on NPR and PBS and nobody's watching. Yeah, yeah,
doze that doze. It's been. It's gonna be like a

(01:46:01):
verb soon. Anyway, gotta take a break. Watch Dog on
Wallstreet dot com. Watchdog on Wallstreet dot com again, our podcast,
our newsletter, and of course our personal CFO program. It
can come a part of the Markowski Investments family. Watchdog
on Wallstreet dot com or give us a call eight
hundred four seven one, fifty nine eighty four. Stay sawn.

Speaker 1 (01:46:41):
Taking wall streets, liars, crooks, and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.

Speaker 4 (01:46:52):
You know it is a Watchdog on Wall Street. You're
always honor to have you tuned into the big program.
Talk about government, You talk about paper pushers and what
they do to destroy business, what they did destroy making
our lives more difficult. Here's a classic example. So in

(01:47:12):
these again of course left leaning states, New York and California,
they passed the law as the thrust US So nice,
that's fair and affordable broadband law. Yeah, affordable broadband law,
which again required required internet providers to offer low income

(01:47:36):
residents access to monthly broadband rates of fifteen dollars for
twenty five mbps or twenty dollars for two hundred mbps.
So yeah, you forcing companies of this. So what did
AT and T do? At and T decided that it

(01:47:56):
no longer plans to offer it's five G home internet
in either New York or California because they can't afford
to do it. They can't afford to do it. So
basically broadband in New York in California is so affordable

(01:48:21):
you can't get service anymore. Yeah, what do you do?
You expect companies to provide services at a loss and
lose money. You know, it's interesting. I just thought about this.
There was an exchange exchange. It took place with Bernie

(01:48:45):
Sanders and Robert F. Kennedy Junior and Bernie Sanders again,
he's got this healthcare is a right? Is a right
for a state? Don't you'll believe that pair is a right?
And Robert IF. Kennedy he's just like, wait a second,

(01:49:06):
it's it's not like a right, like you have the
right to free speech, because the right to free speech
doesn't cost anybody anything. But if you're saying you have
the right to healthcare, and you know you smoke twenty,
you know, cigarettes a day, packs of cigarettes a day,
and you don't eat properly, and then you have all

(01:49:28):
sorts of health care health issues, and your fellow citizens
have got to pick that up. And it was funny.
Bernie Sanders didn't know where to go. He shut him up.
But then after the fact that Bernie Sanders, being proven
to be the utter idiot that he is, turned around
and tweeted, well, you know, I'm all for making America

(01:49:49):
healthy again. But Robert if Kennedy Judier didn't say that
healthcare is a right. If it's a right, okay, let
me at the straight to all you left this fools
out there. If it is a right, then you could
force somebody to provide it. You can say it's my
right to healthcare. Then you could go into any doctor's
office any point in time and demand service and not

(01:50:10):
pay it's my right. So basically you are creating slaves.
You are creating saves. Ay, that's that's Bernie Sanders for you.
But anyway, if you get the government involved in anything,
they just blow it up. Anyway, gotta take the break.

(01:50:33):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com
is our site again, personal CFO program, podcast, newsletter, all
sorts of great stuff. Watchdog on Wallstreet dot com or
give us a call eight hundred four seven one fifty
nine eighty four.

Speaker 1 (01:50:54):
You're listening to the Watchdog on Wall Street. This is

(01:51:16):
the Watchdog on Wall Street.

Speaker 4 (01:51:24):
Ah right, So I see this the story this past week.
This is out of the UK and Oxford and Cambridge
alls Fiancy Hoidy toity famous universities over in the UK.
They're they're changing some of their policies. They're changing some

(01:51:47):
of their policies when it comes to how they're grading,
and they're going to allow more take home tests and
more papers that can be written outside the classroom. Their
reasoning is is they want to see minorities do better.
And I'm reading this story and I'm like, that is

(01:52:09):
probably the most racist thing I've seen all week. That,
my friends, is true racism right there. So Oxyford and
Cambridge are saying that minorities they're just too dumb to
compete and they're going to have to lower the standards.

(01:52:31):
You get it. People, at one point in time, are
you going to see through all of this affirmative action
racist crap. Donald Trump has issued a series of executive
orders again more Christmas time stuff, reversing dozens of Biden decrees,

(01:52:53):
including one advancing racial equity. Now you signed that the
first day, Biden sent it the first day. As present,
Trump has banned DEI programs, ended the LBJ sixty year
old practice of enforcing affirmative action for federal contractors. It's

(01:53:15):
also going to launch civil compliance investigations of corporations, foundations,
universities as part of the effort to restore merit based
opportunity in America. Again, I've said this forever. I was
glad to see the incoming Defense Secretary Pete Hegseth. You know,

(01:53:39):
or unity is our strength? No, it's not. No, No, competence.
Competence is strength. And I think I've told the story before.
Getting a phone call during the Obama years from the
Labor Department asking me all sorts of questions about how
many minorities I had working at Markowski Investments, and it

(01:54:00):
ticked me to hell.

Speaker 1 (01:54:01):
Off.

Speaker 4 (01:54:02):
I told the person off, and I actually I was
kind of rude on the phone. They're wasting my time
not to mention the fact, you know, it's almost kind
of alluding the fact that I actually count You think
I actually count minorities. Why would I do that? Why
a god's crazy would I do that. The people that
I hire, I'm hiring for a reason, and they better

(01:54:22):
be damn good at their job. I don't care what
color they are. And I mentioned that I am blacker
than Obama in the summertime and they kind of tan
in the summer and let it be. But this stuff
has to end. It's divisive and it doesn't work. Actually,
Thomas Soul wrote a book about this years ago called

(01:54:43):
Defirmative Action Around the World and how it's been implemented
in places like India and Malaysia and all these other places,
and it's been an absolute disaster. I don't care what
color you are, Okay, can you do the pure and simple?
Can you get the job? Are you the best candidate

(01:55:06):
for the job. That's the way this country is supposed
to work. Meritocracy anyway. Anyway, as it turns out here,
as it turns out, America's pretty happy with Trump and
killing all these swamp dwellers draining the swap. Some of
the polls that we're seeing right now, you've got Reuter's

(01:55:28):
IPSOS poll founds that sixty one percent of adults support
downsizing the federal government, only thirty five percent er against it. Now, again,
I would love to ask those people that are against
downsizing the government, they must be government workers or have
family members that are government workers. How could you be

(01:55:49):
against downsizing the size of government? Anyway? Anyway? Yeah, all
the but right across the board, every pole that you're
seeing here, I'm better. Here's the latest Atlas Intel poll
the majority of fifty three percent agreeing with the statement
that it's better for the government to cut spending than
increase taxes. You don't say, how about that it can

(01:56:10):
go on on none. This is all steps in the
right direction, and part of it, the real thing is
once people recognize and see what we can do with less,
it amazing. You take a look at take a look
at the world around us, and you take a look
at the price of various different items, the costs of

(01:56:31):
various different business services, and how technology and productivity has
made the prices come down, made things more affordable outside
of what outside of anything that the government touches, whether
it be healthcare, government's all over that those prices continue
to go up, that's an absolute disaster. College education gone

(01:56:55):
through the roof in a day and age where you
can take a class on your smart you have the
entire world library, you're carrying around in your back pocket.
One would think that the prices would go down, but no, no,
they don't go down because the government's involved. Anyway. Glad
to see this. Pentagon's new midi's policy chief wants to

(01:57:18):
scale down the US presence in the region, and it
looks as if that Donald Trump is gonna pull everyone
out of Syria, keep it going, bring all people home,
people home, because yeah, we've been doing the same thing
over and over again and it ain't working and ain't working.

(01:57:38):
I'm glad to see this again. You know, it's just
it's the foreign policy of the United States has been
a disaster for so long. I mean, it's it's just
borderline ridiculous. Quite frankly, I'm glad to see the White
House doing this as well too. They actually put out
a press release press release debunking the latest they call

(01:58:01):
it debunking the latest fake news hoaxes. So every day
or whatever time the fake news puts out a a
ridiculous story, they're calling them out on it, and they're
sending out a press release genius fight back, point by
point by point, because again he's left us their cornered
and again they're a wounded, dangerous animal. Again, keep going,

(01:58:27):
keep chucking. I want more more Christmas Days every single day.
Watchdog on Wallstreet dot com, watch Dog on Wallstreet dot com.
God bless, we'll see you next week they do, I'll
break a thousand all baby b

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Watchdog on Wall Street: Podcast for Weekend of February 01 - February 02 2025

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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 February 01 - February 02 2025